2024-12-31-accounts

			€
			2024
	Permanent	Unrestricted
	Endowment	Funds	Total	2023
Incoming resowces
Incoine from UK Investments portfolio		57428	57,128	2,883
Interest on long term investments in Italy		1,491	1,491	2,214
Gains on investments		317,625	317,625	256,282
Other incoming resources			-
Total Incoming resources		376,244	376,244	261,289
Resources expended
Charitable activities		(7,032)	(7,032)	(3,900)
Governance costs		(5,884)	(5,884)	(4,311)
Losses on investments		(11,844)	(11,844)	(13,655)
Other resource expended		(4,950)	(4,950)	(4,950)
Total resources expended		(29,710)	(29,710)	(26,816)
Net incoming/outgoing resources		346,534	346,534	234,473
Other recognised gains/losses
Other recognised gains/losses
Net movement in funds		346,534	346,534	234,473
Reconciliation of Funds
Total funds brought forward	641,269	2,061,287	2,061,287	2,468,083
Total funds carried forward	641,269	2,407,821	3,049,090	2,702,556

	€	€
	2024	2023
Long terni investments
UK Investments portfolio	2,377,396	2,043,319
Italy Investments portfolio	664.497	651,130
Total long-term investments	3,041,893	2,694,449
Bank and cash	12,147	13,057
Accrued interest
Total assets	3,054,040	2,707,506
Accrued expenses	(4,950)	(4,950)
Net assets	3,049,090	2,702,556
Represented by:
	641,269
Permanent Endowment		641,269
Unrestricted Funds	2,407,821	2,061,287
Institutional Trust Fund	3,049,090	2,702,556

	€	€	€
	2024	2023	Change
Net income/loss fon thè year	346,534	234,472	112,061
Adjustment for:
- Movements in receivables and payables
Decrease/fincrease) in accrued interest	-	-	-
Increase/(decrease) in accrued expenses	-	-
Net cash generateci by operations	346,534	234,472	112,061
(Gains)/losses on investments	(356,294)	(236,627)	(119,667)
(Purchase)/Sale on long terni investment	8,850	6,105	2,745
Total net cash inflow/(outflow)	(910)	3,951	(4,861)
Cash at 1 January	13,057	9,106	3,951
Cash at 31 December _____	12,147	13,057	(910)

	Euro	Euro
	2024	2023
Cash	18,067	21,249
Bond	828,002	753,735
Equities	1,436,106	1,166,665
Property	95,221	101,670
Alternative	-	-
Total	2,377,396	2,043,319

The following figure shows thè net movement in UK portfolio for	thè year ending 31 December 2024:
UK Portfolio	€
Carrying value as of 31.12.2023:	2,043,319
Additions/capitalised net interests:	46,476
Transfer:
Gains on disposals:	287,601
Losses on investments:
Carrying value as of 31.12.2024:	2,377,396

ITALIAN PORTFOLIO		EURO
	2024	2023	Change
Eurizon Profilo Difesa II	241,315	291,359	(50,044)
Eurizon Flex Equilibrio 07/24A	-	109,184	(109,184)
Eurizon E DEE TOP SEL 07/24	-	89,231	(89,231)
Eurizon Flex Crescita 07/24A	-	30,234	(30,234)
Eurizon Thematic Opp. ESG50 07/26A	38,946	36,401	2,545
Eurizon diversified	101,794	94,722	7,072
Eurizon Profilo Fles	205,556	-	205,556
Eurizon Diversified 070	26,059		26,059
Eurizon Opportunità	50,827	-	50,827
Total	**664,497 **	651,130	13,367

Italian Portfolio	€
Carrying value as of 31.12.2023:	651,130
Additions:	280,177
Disposate:	(289,027)
boss on disposate:
Revaluation (Impairment):	22,217
Carrying value as of 31.12.2024:	664,497

Euro	2024	2023
Income from U.K. investments	57,128	2,883
portfolio
Interest on long term investments	1,491	2,124
in Italy
Other incoming resources	-	-
Gains on investments	317,625	256,282
Total incoming resources	376,244	261,289

Euro	2024	2023
Charitable activities	7,032	3,900
Audit fees	4,057	4,057
Non-recoverable VAT	893	893
Losses on investments	11,844	13,655
Governance costs	5,884	4,3H
Total resources expended	29,710	26,816