THE VICTOR ADDA FOUNDATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

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||||Page|
|---|---|---|---|
|Trustees'|Report||1-3|
|Independent<br>Examiner's||Report||
|Statement|of Financial|Activities||
|Balance Sheet||||
|Notes to|the Financial Statements||7-9|





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|||||||||31/03/2022|31/03/2021|
|---|---|---|---|---|---|---|---|---|---|
||||||||Note|Unrestricted|Unrestricted|
|||||||||Fund|Fund|
|||||||||f.||
|Income||||||||||
|Investment<br>Income||||||||52,375.45|50,694.62|
|Gift Aid Donation<br>Received||||||||221,100.00||
|Total Income||||||||273,475.45|50,694.62|
|Expenditure||||||||||
|Costs of Investment|Management:|||||||||
|SG Kleinwort<br>Hambros||Investment|||Management|Fees||11,860.72|11,344.83|
|Expenditure<br>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<br>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<br>of Resources||||in the|Year|||290,795.51|156,907.60|
|At 31 March 2022||||||||K1,971,977.20|K1,681,181.69|





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||||||Note||2022||2021|
|---|---|---|---|---|---|---|---|---|---|
||||||||||F.|
|Fixed Assets||||||||||
|Investments|||||7|1,674,354.24||1,574,624.24||
|Freehold<br>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<br>Liabilities||||||||||
|Creditors,<br>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|||





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|4|Gift Aid Donations|||||2022|2021|
|---|---|---|---|---|---|---|---|
||Gift Aid Donations<br>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<br>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<br>Costs:|||||||
||SG Kleinwort<br>Hambros<br>Trust Company||(UK)|Limited|Fees|5,334.00|6,420.00|
||Prior year adjustment<br>for|2017SG Kleinwort||Hambros|Trust|(2,025.00)||
||Company<br>(UK) Limited Fees|||||||
||Independent<br>Examiner's|Fees||||1,320.00|1,200.00|
|||||||E4,629.00|K7,620.00|



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|Investments|||||
|---|---|---|---|---|
|The portfolio<br>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<br>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<br>Gain/(Loss)|||57,966.67|132,634.91|
|Market Value Carried Forward|||R1,674,354.24|R1,574,624.24|



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|9|Debtors||||2022|2021|
|---|---|---|---|---|---|---|
||Accrued<br>Income||||73.00|73.00|
||Dividends<br>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<br>Examiner's||Fee||2,520.00|2,400.00|
||SG Kleinwort<br>Hambros||Trust Company|(UK) Limited Fees||2,025.00|
||||||E2,520.00|E4,425.00|



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