THE VICTOR ADDA FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |||
|---|---|---|---|
| Trustees' | Report | 1-3 | |
| Independent Examiner's |
Report | ||
| Statement | of Financial | Activities | |
| Balance Sheet | |||
| Notes to | the Financial Statements | 7-9 |
| 31/03/2022 | 31/03/2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Unrestricted | |||||||
| Fund | Fund | ||||||||
| f. | |||||||||
| Income | |||||||||
| Investment Income |
52,375.45 | 50,694.62 | |||||||
| Gift Aid Donation Received |
221,100.00 | ||||||||
| Total Income | 273,475.45 | 50,694.62 | |||||||
| Expenditure | |||||||||
| Costs of Investment | Management: | ||||||||
| SG Kleinwort Hambros |
Investment | Management | Fees | 11,860.72 | 11,344.83 | ||||
| Expenditure on Charitable |
Activities: | ||||||||
| Donations | 30,000.00 | 35,035.00 | |||||||
| Support Costs | 4,629.00 | 7,620.00 | |||||||
| Total Expenditure | 46,489.72 | 53,999.83 | |||||||
| Net Income/(Expenditure) | Before | Gains and | |||||||
| Losses on Investments | 226,985.73 | (3,305.21) | |||||||
| Net (Losses)/Gains | on | Investments | |||||||
| Realised | 5,843.11 | 30,283.56 | |||||||
| Unrealised | 57,966.67 | 132,634.91 | |||||||
| Accrued Income | 328.73 | ||||||||
| Book Cost Adjustment | re Union Bancaire | (3,034.39) | |||||||
| 63,809.78 | 160,212.81 | ||||||||
| Net Movement in |
Funds | in | the Year | 290,795.51 | 156,907.60 | ||||
| Funds | |||||||||
| At 1 April 2021 | 1,681,181.69 | 1,524,274.09 | |||||||
| Net Movement of Resources |
in the | Year | 290,795.51 | 156,907.60 | |||||
| At 31 March 2022 | K1,971,977.20 | K1,681,181.69 |
| Note | 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| F. | |||||||||
| Fixed Assets | |||||||||
| Investments | 7 | 1,674,354.24 | 1,574,624.24 | ||||||
| Freehold Property |
100.00 | 100.00 | |||||||
| 1,674,454.24 | 1,574,724.24 | ||||||||
| Current Assets | |||||||||
| Debtors | 56,598.87 | 12,304.62 | |||||||
| Cash at Bank | 243,444.09 | 98,577.83 | |||||||
| 300,042.96 | 110,882.45 | ||||||||
| Current Liabilities |
|||||||||
| Creditors, amounts |
falling | due | |||||||
| within one year | 10 | 2,520.00 | 4,425.00 | ||||||
| Net Current | Assets | 297,522.96 | 106,457.45 | ||||||
| Assets less | Current | Liabilities | F1,971,977.20 | F1,681,181.69 | |||||
| Unrestricted | Fund | 1,971,977.20 | E1,681,181.69 | ||||||
| F1,971,977.20 | F1,681,181.69 | ||||||||
| TheFinancial | State | ents | wereapproved | btheTrustees | on | 2022 |
| 4 | Gift Aid Donations | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|
| Gift Aid Donations Received |
176,880.00 | ||||||
| Tax on Gift Aid Donations | recoverable | 44,220.00 | |||||
| F221,100.00 | |||||||
| 5 | Donations to Charitable | Institutions | 2022 | 2021 | |||
| The Fan Museum Trust |
30,000.00 | 30,000.00 | |||||
| Keren Kagan | 5,035.00 | ||||||
| F30,000.00 | f35,035.00 | ||||||
| 6 | Analysis ofGovernance | and Support | Costs | ||||
| 2022 | 2021 | ||||||
| Governance Costs: |
|||||||
| SG Kleinwort Hambros Trust Company |
(UK) | Limited | Fees | 5,334.00 | 6,420.00 | ||
| Prior year adjustment for |
2017SG Kleinwort | Hambros | Trust | (2,025.00) | |||
| Company (UK) Limited Fees |
|||||||
| Independent Examiner's |
Fees | 1,320.00 | 1,200.00 | ||||
| E4,629.00 | K7,620.00 |
| Investments | ||||
|---|---|---|---|---|
| The portfolio is structured |
to provide a wide range of diversification | to protect the Trust's capital and to | ||
| produce a level of income | in line with | or above that of the Financial | Times 100 Index. | |
| Investments listed on a |
recognised | Stock Exchange | 2022 | 2021 |
| Market Value Brought Forward | 1,574,624.24 | 1,249,903.24 | ||
| Purchases | 301,085.43 | 553,188.20 | ||
| Disposals | (265,165.21) | (391,385.67) | ||
| 1,610,544.46 | 1,411,705.77 | |||
| Realised Gain/(Loss) | 5,843.11 | 30,283.56 | ||
| Unrealised Gain/(Loss) |
57,966.67 | 132,634.91 | ||
| Market Value Carried Forward | R1,674,354.24 | R1,574,624.24 |
| 9 | Debtors | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| Accrued Income |
73.00 | 73.00 | ||||
| Dividends Due |
660.00 | 660.00 | ||||
| Tax Reclaimable | 55,865.87 | 11,571.62 | ||||
| F56,598.87 | 612,304.62 | |||||
| 10 | Creditors, 'amounts | falling due within | one year | 2022 | 2021 | |
| Independent Examiner's |
Fee | 2,520.00 | 2,400.00 | |||
| SG Kleinwort Hambros |
Trust Company | (UK) Limited Fees | 2,025.00 | |||
| E2,520.00 | E4,425.00 |