THE VICTOR ADDA FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Page | ||
|---|---|---|
| Trustees' Report |
1-3 | |
| Independent Examiner's |
Report | |
| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Notes to the Financial Statements | 7-9 |
| 31/03/2023 | 31/03/2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Unrestricted | ||||||||
| Fund | Fund | |||||||||
| 6 | 6 | |||||||||
| Income | ||||||||||
| Investment Income |
64,590.37 | 52,375.45 | ||||||||
| Gift Aid Donation | Received | 221,100.00 | ||||||||
| Total Income | 64,590.37 | 273,475.45 | ||||||||
| Expenditure | ||||||||||
| Costs of Investment | Management: | |||||||||
| SG Kleinwort Hambros |
Investment | Management | Fees | 12,331.69 | 11,860.72 | |||||
| Expenditure on Charitable |
Activities, | |||||||||
| Donations | 64,560.00 | 30,000.00 | ||||||||
| Support Costs | 12,768.00 | 4,629.00 | ||||||||
| Total Expenditure | 89,659.69 | 46,489.72 | ||||||||
| Net Income/(Expenditure) | Before | Gains and | ||||||||
| Losses on Investments | (25,069.32) | 226,985.73 | ||||||||
| Net (Losses)/Gains | on | Investments | ||||||||
| Realised | (28,609.06) | 5,643.11 | ||||||||
| Unrealised | (112,776.19) | 57,966.67 | ||||||||
| Aviva Distribution | Proceeds | 3,660.84 | ||||||||
| (137,724.41) | 63,809.78 | |||||||||
| Net Movement in |
Funds | in | the Year | (162,793.73) | 290,795.51 | |||||
| Funds | ||||||||||
| At 1 April 2022 | 1,971,977.20 | 1,661,181.69 | ||||||||
| Net Movement ofResources | in the Year | (162,793.73) | 290,795.51 | |||||||
| At 31 March 2023 | 61,809,183.47 | 61,971,977.20 |
| Note | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| F. | 8 | ||||||
| Fixed Assets | |||||||
| Investments | 7 | 1,657,785.24 | 1,674,354.24 | ||||
| Freehold Property | 100.00 | 100.00 | |||||
| 1,657,885.24 | 1,674,454.24 | ||||||
| Current Assets | |||||||
| Debtors | 9 | 57,021.33 | 56,598.87 | ||||
| Cash at Bank | 107,044.90 | 243,444.09 | |||||
| 164,066.23 | 300,042.96 | ||||||
| Current Liabilities | |||||||
| Creditors, amounts |
falling | due | |||||
| within one year | 10 | 12,768.00 | 2,520.00 | ||||
| Net Current Assets | 151,298.23 | 297,522.96 | |||||
| Assets less Current Liabilities | 21,809,183.47 | 21,971,977.20 | |||||
| Unrestricted Fund |
1,809,183.47 | 81,971,977.20 | |||||
| 61,809,183.47 | 61,971,977.20 | ||||||
| The Financial Statements | were approved | by the Trustees | on | 2023 | |||
| ~ lL | |||||||
| Jeremy Hawse | |||||||
| Chairman of the Trustees |
| 4 | Gift Aid Donations | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| 6 | ||||||||
| Gift Aid Donations Received |
176,880.00 | |||||||
| Tax on Gift Aid Donations | recoverable | 44,220.00 | ||||||
| 5221,100.00 | ||||||||
| 5 | Donations to Charitable | Institutions | 2023 | 2022 | ||||
| 5 | 5 | |||||||
| The Fan Museum Trust |
64,560.00 | 30,000.00 | ||||||
| 664,560.00 | F30,000.00 | |||||||
| 6 | Analysis ofGovernance | and Support | Costs | |||||
| 2023 | 2022 | |||||||
| Governance Costs: |
8 | |||||||
| SG Kleinwort Hambros |
Trust Company | (UK) | Limited | Fees | 11,448.00 | 5,334.00 | ||
| Prior year adjustment | for | 2017SG Kleinwort | Hambros | Trust | (2,025.00) | |||
| Company (UK) Limited |
Fees | |||||||
| Independent Examiner's |
Fees | 1,320.00 | 1,320.00 | |||||
| 812,768.00 | 84,629.00 |
| Investments | Investments | listed on a recognised Stock Exchange | 2023 | 2022 |
|---|---|---|---|---|
| f | 8 | |||
| Market Value | Brought Forward | 1,674,354.24 | 1,574,624.24 | |
| Purchases | 560,486.49 | 301,085.43 | ||
| Disposals | (435,670.24) | (265,165.21) | ||
| 1,799,170.49 | 1,610,544.46 | |||
| Realised | Gain/(Loss) | (28,609.06) | 5,843.11 | |
| Unrealised | Gain/(Loss) | (112,776.19) | 57,966.67 | |
| Market Value | Carried Forward | 81,657,785.24 | 61,674,354.24 |
| 9 | Debtors | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| f | 6 | |||||||
| Accrued | Income | 426.76 | 73.00 | |||||
| Dividends | Due | 660.00 | 660.00 | |||||
| Tax Reclaimable | 55,934.57 | 55,865.87 | ||||||
| f57,021.33 | 656,598.87 | |||||||
| 10 | Creditors, amounts | falling due within | one year | 2023 | 2022 | |||
| f | f | |||||||
| Independent | Examiner's | Fee | 1,320.00 | 2,520.00 | ||||
| SG Kleinwort | Hambros | Trust Company | (UK) Limited Fees | 11,448.00 | ||||
| f12,768.00 | f2,520.00 |