THE VICTOR ADDA FOUNDATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

## 

## 

|||Page|
|---|---|---|
|Trustees'<br>Report||1-3|
|Independent<br>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<br>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<br>Hambros|||Investment|||Management|Fees||12,331.69|11,860.72|
|Expenditure<br>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<br>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,<br>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<br>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<br>of the Trustees||||||||





## 

## 

## 

## 

## 

## 




## 

|4|Gift Aid Donations||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
|||||||||6|
||Gift Aid Donations<br>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<br>Trust||||||64,560.00|30,000.00|
||||||||664,560.00|F30,000.00|
|6|Analysis ofGovernance||and Support|Costs|||||
||||||||2023|2022|
||Governance<br>Costs:|||||||8|
||SG Kleinwort<br>Hambros|Trust Company||(UK)|Limited|Fees|11,448.00|5,334.00|
||Prior year adjustment|for|2017SG Kleinwort||Hambros|Trust||(2,025.00)|
||Company<br>(UK) Limited|Fees|||||||
||Independent<br>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|