2022-12-31-accounts - De Brzezie Lanckoronski Foundation

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CONTENTS			Pacae
Legal and administrative	information
Report ofthe trustees			4-6
Report ofthe auditors			7-9
Statement of Financial	Activities		10
Balance Sheet
Notes forming part ofthe financial		statements	12-15
Three year summary			16

TRUSTEES:	P. Chlapowski (Chairperson)	P. Chlapowski (Chairperson)
	Miss C Raczynska
	Ms J Soszko
	Dr W Micr Jedrzejowicz
	Dr. J.Kamieniecki
TRUST DEED:	Dated 24th September	1973
REG. CHARITY NO:	266428
ADDRESS;	Highmead
	10Roxborough Park
	Harrow
	Middlesex HA1 3BE
BANKERS:	Barclays Bank Pic
	114Gloucester Road
	London SW7 4SE
SOLICITORS:	Messrs Farrer 8 Co.
	66 Lincoln's Inn Fields
	London WC2A 3LH
INVESTMENT MANAGERS:	Investec Wealth and investment		Ltd
	30Gresham Street
	London EC2V 7QN
AUDITORS:	McCormack 8 Associates
	Registered Auditors
	Chartered Certified Accountants
	311Chase Road
	Southgate
	London N14 6JS

FOR THE YEAR ENDED 31STDECEIIII	BER2022
			Unrestricted	Funds
	NOTES		2022	2021
Income
Dividend and interest income Interest			56,414 465	54,849
Total Income			56,879	54,849
Expenditure
Direct charitable expenditure Management and administration			53,000 26,883	50,988 28,002
Total expenditure			79,883	78,990
Net income/ (expenditure) before investment asset disposals			(23,004)	(24,141)
Profits/ (Losses) arising on
Stock Exchange investments: Realised Profits/ (Losses) Unrealised Profits/ (Losses)		(78,884) (432,881)	11,282 298,934
			(511,765)	310,216
Net movement in funds for the year			(534,769)	286,075
Total funds brought forward			3,462,866	3,176,791
Total funds carried forward			2,928,097	3,462, 866

	Interest Received				2022		2021
	Same was received	gross in
	respect of short-term deposits with:
	Stockbrokers				465
	Barclays Bank Pic
3.	Direct Charitable	ex enditure			2022		2021
	Grants				41,600		44,200
	Scholar's expenses				5,200		1,400
	Donations				6,200		5,388
					53,000		50,988
4.	Mana ement and	administration	ex enses		2022		2021
	Audit fee				6,000		5,640
	Investment Portfolio Management		Fees		20,341		21,309
	PAU administration	charges			470		947
	Bank and other charges				72		106
					26,883		28,002
	The investment manager, Investec a percentage ofthe portfolio value.		Wealth and Investment Ltd. , is No commissions were charged			remunerated based on on transactions.
5.	Investments held	on 31"December 2022		Mid	Market	Mid market
				Price on			Price on
	Investments			31.12.22			31.12.21
	Fixed interest stocks			509,503			390,603
	Equities &Alternative assets			1,926,462			2,503,931
	Property Fund				145,552		161,294
	Alternative assets	—Infrastructure	& other Funds	264,251			271,960
				2,845,768			3,327,788

	Investments summa
			2022		2021
	Investments at market value
	on 1st January 2022 Acquisitions at cost Sale proceeds from disposals		3,327,788 998,546 (968,801)		3,020,041 808,691 (811,160)
	Profits/ (Losses) in the year:
	Realised Profits/ (Losses)	(78,884)		11,282
	Unrealised Profits/ (losses)	(432,881)		298,934
			(511,765)		310,216
	INVESTIVIENTS AT MARKET VALUE
	ON 31STDECEMBER 2022		2,845,768		3,327,788
6.	Debtors		2022		2021
	Prepayments
7.	Cash at bank		2022		2021
	Cash at bank		11,842		91,862
	Cash on deposit with Stockbrokers		82,870		76,467
			94,712		168,329
	Creditors and accrued char es		2022		2021
	Grants payable				22,100
	Investment Portfolio Management	Fees	5,080		5,511
	Audit and accountancy		6,000		5,640
	Other charges		1,303
			12,383		33,251

	Trust Ca ital Account		2022	2021
	At beginning ofthe year		3,462,866	3,176,791
	Net movement in funds for the year:
	Realised profits/(losses)	(101,888)		(12,859)
	Unrealised profits/(losses)	(432,881)		298,934
			(534,769)	286,.075
	At end ofthe year		2,928,097	3,462,866
10.	Contin ent liabilities		NONE	NONE
11.	Financial commitments		NONE	NONE