REG[ERED CONIPANV MJMBER: 02473092 ffnoljnd ind Wales} REGISTERED CHARITY NUMBER: 32&VS Report of the Trustees and ianCial tementS for ilie Year Ended 31si fvlarch 2024 for PLkLLE MOELLER FObTrtDATtON
PALLE f4lOELLER FOUTs1I.4TION Contents of tlie Financial Statements ror Ilie year ended 31si M.Irch 2024 Page Report of the Trustees Independent 2mne1-.5 Report Stateinent of finJncial slttii?tie5 Btslttnce Sheet Noles lo ihe Finan¢Aal SiJ¢emails 10 to 16 Detiiled SteMent of Fiftancial Actilitirs 17 18
PALLE MOELLER FOUND.4TION Report of ilie Trustees lor ihe yeir ended 31st Mir¢li 20?4 Tlie e5 iilio wr also dirccroTS of the chan"Th' for purposcs of thc C(Mnpantes A¢1 ?(X)6. present )cIr report ii'ith th¥ fan(la1 atemnts ol cban"Th. fo.. tlL' )Lar ¢ndLd -.lst .March 2024. ThL Intti5 haire ado¥ di¢ pioii5ions of and Rcwrtiiib b% CliiuiU¥?. SiatL'JneRt of R¥COlI)n)ci)d¢d PrdciiiL dppIiG)bl¥ ID ehanU¢5 prepannb thL'ir accoutits in ordanc¢ ii'iili the FInwic Rewrtiiio S(ar)dard applirablc in the Uk and Republic of Ireland IFRS I L)?) Icfteclii'c l Januat?. ?019). Pallc MncllLr Foitixia(ioii (PMF} I Fnd8Th0n iieni Ènrn i(¥wcmciit ii.iili Nlocller Foundaibnn Ilgandii Lid to hecnnK (lie projtsct iinplLmLntsni> Palln¢r. TIIL auJiLmenl ii"JS LffLCtiIL 01 Apnl ?01- Under this agr¢L'mL'nL PMF donated Ush5. 26j.j2?.4411 10 iN1oLIILr FovRd31ion U¥andJ Ltd w impleinLThi proj¢¢ts wider the FoUndlOn,$ diffkrcnt sr3iLb¥j¢ obJicli%'iS from April ?Ul ) lo Nlitch ?(1?4. OBJECTI1 AND AcfiviTILS Objeclives #nd .iims To &Ji'anc¢ iducauon ot-dK" public in all subJLCLS Ot li.an1iii includillb agricultyrc. medicm¢. ¢rdfts. busin¥SS and tli¢ libcrul.vts bi ouppartino &'id proinottii¥ ¢wllciicc. To reli¢iii Wl'¢fN li idlin U4Fanda bi" assisiin4T th¢ trulnLrablc. SUPPOnittg wi'L'lly tcltLviniZ aLliI'ilies and iniuatti es Iflf r¢ ind wiil iixpllbein I"0 pioiiiot¢ sikiai iiklfarkn bN" supporrtniF all round acrli ill5 and liiitiaii.s thai inlianci IILllness and Pl¥SL'INLs nattir¢. To pioiiiolL public hvalth througli thL proi'ision of li](h those rsOnS ii.lio by virtu¢ of th¢Lr circumstan¢¢s a in nLYd of such laciliti¢s To riliilt EKr50ns ii'ho arc suffering hwdship a resuli of drovJL earthquake. fl(x)ds or other macurdl diwt¢r or of tliLif 50ci,Il.illd Lcononiic cortditloAS aty in llLYd of.ISSiSlanc¢. Lnsurinv our iTrork delivers oiir qims l-'e do rL'v11%. thc Foundation's atm5. objcctiirs 1 dL(ii i(iLS Lach i-car The IkS ui the success of each projcc( and rli¢ tx'n¢firs rhei liaL brourbht to thos¢ oroups of Plople i%¢ Url. Sel IEP (o hLlp. Thi f¥viLii" .$0 h¢lps us IO ¢nlL. dial tl).. foundaucrti's airn5. obJLCtiI'cs and acrii'iiiL% rcmaiii focuscd on ils stsicd purposL'. We hai.r consislendi. [cfCed io thc giiidwic¥ collLiin¥-d in dic Cl11 Cominission's gincrnl guJdancL on pub14c ik-ncfits fC¥ikn%4illb thc Fouiidativns aiii)s and obiecbi¢s and In planning its hjture actsiqDes. PubltL bcftefil The Fnundiiion's m.iiii proiccLs i1 ii.kn il Incg tth helr ts¢rih¢d F¥lmi. All thr FnUTIlYl,5 ¢lwiithhlF 4lC!Il'tties Lmd¥rL.lll 10 furthcr its charifable forthc public bbThefit. Paoc I
P.4LLE NIOELLER FOUND.4TION
Report of ihe Trustees
for ilie ve21. ended 31st %lir¢li 2024
ACHIEvciIicYf,Ih PERf.ORMANCE
ChL?ritable actii'ities
T]us tsmc of As usuJli a momcnt of r¢fl¢ctsoo al¢1pon aod bopc. Reflcction on the iear b}"
aiiiLCLpaÈithi of 141)aE l)iai" la! alKad ot us. and liope all ii'ill IK itr¥ll ot beller Iliw] lasl i'car_
,l.w)I tliiiigs 2tL' usualli. out of our IndS and lie accept th¢m as thc!. cwi¢. but mam" arL i17th ow hands. to shapc then)
Illlo i%"IiaLI'er dir¢ctson lic dioos¢. Mani. pcopl¢ iouch Iiic5 and our iiorf¢. and s(xn¢tsnies lie fak¢ it for granlcd. Ai
rhis moment iri Tiinc tIJL Foiindirion iiryEIIcg 10 I.-¢ tlu5 OPPOrninitt' lo pJi' iribiit¥ to the F(Hinrf.?tion's Tni%tccs' th
Foundauon FoutLd¢rfs Famils. (M. Dorothi. Moeller & famil) kts. Lill%. Moelllr). but 2$ ii-¢ll as thL CEOS & MD5
of tl Gei)crJl Macliknei!. Grotip of Cotnpanies for thc confinued financtal supp)rt and .ouidwKe I.ardS the actsitiii¢s of
the FoiuidatlOJl Ol"LrtiJnL. Tr T¥usiiYS ha¥L shariyf thLir fLxxlbacL" on th¥" Foundations opetations in fomi of
coinniLndaiions and obscn'ations. iihiLh hai".¥ hLIpLd 10 shaFr its iiotL' bcttcr.
Ji bvl nui IL&%1. dj¢ fouiK1thi} li islM' Iv pai. IrtbtslL Iv our ithious PUTtsieis al Urlivi121 level. Ilie Fuundatioi)'s
N,IDJ)ab¥m¢nt L'ommill¢¢ Nlciiibcrs (all iiorknng voluiitanl%') as i%-dl Is IIK Fouiidaijort's SccrciaTr and the entsT
secrLtsrial pui lottg liours to d¢livcr th¢ wquircd pa"0 and ptrxlucts so as athicit the sci wuiua] plan5
and OVLfdll obj¢¢tsvLS for tli¢ riod. No 00¢ 55 and QVLrall" all the panicipants in this cndeaiouf conu11)¢d
n)Iich Iilld¢r inom7nii pni
P.4LLE NIOCLLER FOU1%.IT10N
Report of the Trustees
for tlie year ended ilst March 2024
Ll ti411¢I1%7%' 2 Nljssion Glolk Nlini5triLS IA Lirn Distiia.. Thc oroaniLition sou.h( support for a fiLdin& Jn
'ocatioiiai skills trJiniii
pro£JrJm In Lirn disfrici. Tlie FourKknion doroicd Uslis i.000.0( ioii?rds the cause ld
impactLYI thL LirypeiLd tYn¥ficianLS li ith
P.4LLE IIOELLER FOUND.4TION Report o( the Trusiees for ihe ytir ended 31si Marth 2024 STRUCTbRE. GOVERN'ANCE IIND NLIN,IGENIENT Governing document ThL cliarits 15 c0nts0ll¢ bi. its -overniutJ umeo( a dLLd of aDd COllSlitUlL7 a lin)irL.d compaDi'. liwid bi. 4U&titILL-L. •JS d¢fiJied le Colli1¢5 ACI ?(AJ6. RecruitcTrt and .Ippointment of fteiv trustees TIIL Board ol Trus%eL% is iUtI)orisL'd 10 Jppoini nLik TSte¢S to fill 1'a&inci arising t]OUgh resignation or dcath of a cusring Tnislee Nlr 111 M. Dali ton Ms. Lilli" H Mocllcr Jcsigned fiorn lI)c pogition5 in ilikn Fou5)datsoii clt thc eJ)d of die l'ear ?02iQ4. Mr. Michxl Nloellcr li'a% apFK)inlcd durin4) aflLr the emd of thc i-car 21I2J124. the )'&v. li,.1¢ Mr. Emman] Lun)u isas apFYJinted TOKEN OF APPRECIATION As thi ¢¢151".13as aliials -. PIIF conlinuou% lo i.alue Tts Ts. for the c''¢rsupport tou'ards thc Foundation's goals In thls Lffort. thi Pail¢ NlwllL'r Foundation iiould like ro lushli. apprL'LiL pann¢ts' cfrfunth.ng the FndationS IcriN'IIIL5 and tISe includL' fLlatLd partiLs i e. all th¢ cornponics under thc GMACH Group aftd Capricorn AfrT¢a Trusi-UK ICAT). Th¢ Foundatton a150 appffctates its Twslees for conim¢ndablc steii"ardgh2p And fiiiantial ¢OTJtribuiion to Iis a¢tsi'ili¥S. Tl)e FouiKlation's lu)a9¢ith1t Cominill¢¢. Sc¢1¢] Te&n Secr¢tJJ!' slw)d con11[{¢d al1&S111¢ ¢Jir ficld support tewns and ncThiork" of parttic. alli¢5 and n Inpadiiz¥f5 lo continuc to ¢tribUIc lo allei"ia(ion of poirrty wid liuttian suff¥ring IR thL" us.1d 0mmniti¢$ throuK7h th." promoiort of cducation. sparts. mLdiral. hL"alth. so¢wl and finaiicid ie(lare ser¥icLS SO &$ to build a iiiote equikibie couniTh.. Bcst ii'islies iii die Neil" Yr !0?41)- REFERENCE ANI 'D AD>1 IINISTRATtNT DETAILS Reftistered Compan}. number 02J7i09? (England atNI IValcs> Ileoistered ChRritJ' nisnibeT j2¥ j) Reo jsiei'td office l Toiler HousL' HoddLsdon H¢rtfordshiT¢ ENII ¥UR PJgc 4
P.4LLE loELLER fouND.4TION Report of ihe Trustees for the yexy ended 31 st Mircli 2024 Trustces 111 M DaI150n (Resis]i¢d (i%i041)024) Irs Domd)). Moell¢i ,Ms Lill: H i¥l0¢llr (fiLsigined (1S1(Hl-0241 i Nlicha-l Nl(.11er IAppointL'd U4i117nu?4) N.Ir Enini2nu¢l Luinu .IgtnA£ement Comminee.4ff1irs'. Thl has tL'L fK+ ch(JeS in thL 3thninistrJtion affairs of thL F(mc forthc icar end¢d J 1st Ma¥eh 2U2). TIK. Committ. coinpris¢d of the fotloii'ing memb¢r5". Dr Daniel Seruna Iba . Cli.wm)an Ir Tom Aliiata Adi10 ILniber IcTr.L.-r Mr lntth E Jmuoai ¢hii"Lnk'i'i -. M¢fflEK'r N.li J kauyiiii MiJk¢l%i TrL4Éiifi r Nlr %li."hael Nloeller . Nk'mlk'r Company Secretary 15. Jackie N&nrd Independcnt Examiiier .4ItLnboqTruylis IAccoullt.Intsl Liniiied ClikWILILd Critsfi¥d Accoun&u]ts l Toii¢r House ToiiLr Cintr¢ HoddLsdon Hertfordshire ENI I ¥UR Aiiditols Au.nustt]s A55OCiJL-s Ceffjficd Jknbli¢ AccounrJnts P O. Box 40210 Lampala lu) Mut2na P12u Suitk AQ & Al ? Plot 1904 Nunda Road 'thc Compan)'s Au.¢wstus Associaies Certified Public AccounLints liai'e e.Kpressed ilillinsness to COl)finu¢ in officL in accoidance iiith S¢Llion 16712) of the Companics ACL 21112 of U*a. Advisei's Nlcr&iniilc Cridit Bank. Limited S Old Port iKII Road PO Bo%6?0 kajiipal& U,.a>i(L) .Qpproiied bi. 0¢r of d)e board of in1CeS on ?9th Januan. ?Uli and silvned ui its Ixldf bi". Miss D MoL.Iler
Independtni Examiner's Report to the Trnstees of Palle hlrffteller Foundation Indcpend£iJt QXAniincr's i epoi-l to fhe trustees of Pallc imotller Foiindstion ('the Conipan> ) I rcpon io the ch3nii InisrLX¥ on mi. ¢2Mnll0n ot-diL.1CC04tnis of lh¥ Compani for th¢ en(kd i15[ Marcli 2024. RespoiisibiliÉies aiid kbasis of i-epoi't As thc chants"'s tnjslcts of C¢knpan!. (aJMI a]50 dirfors for puws of companv laiv} !Y)u are ffsp)n5ible for priparaiion ofthL' ac¢oLinLS iii aw0ft[r iiith th¥ fknryuifLnLNs of thc Companikns Act 2006 Cth. ?006 ilrl.). H.1villÉb saij¢fitd mi'5elf thill thL accounls of ihe C'ompJii!- not rcquATh'd io bc ali(ed undcr Part 16 of the 20(Kb Act and .Ir¢ tyligibli for It¥JLpendent e.xaminaliotL I rlporl In SpeCt of ¢uinination of i'our chan"N s accounts as carn¢d 0111 Lind¥r Sect20n 14£ of die Chariti¢s Act 2U I I lih6 ?Ul l Act'l. In carn'ujgp out In%. LninaOll 1111I"¢ folloili th¥ Directi(R gii'en b!. the Charity. CommissioD under Section 1451)) Ib) of t1 ?01 l Aet. Independeni examiner's statement I Iw¥'¢ coiiipl¢tLd i)Il" Luiiinalioii. I confinii ti]at 110 I)MIle ill1< coillL lo Ini" allention IR cunn¥clion iiiul tlir clInaOn iiji'jii¢* me Laus¢ lo bclicv¢." accountiiig records nc kcN in rL"STLfi of th¢ Compan)" 05 quIrL)d b! Section i86 of the ?IXkn Act. OT thc accounts do not accord ii'ith thny rttords" or thL a¥COWILS do iiot coii)pli" li It]1 die a¢cowItEn r¢quireincnts of SLLiioll J96 of dic ?006 Aci ot]Jer an} rcquirkmeni that accounts gtji'e a tru< aJ f[ iiyii" iihich Js not a niattLr constdered .t% pin of 2n ItuJep¢ndL'nt lmilIaOI}. or thL aiCOLwts hai"e not Ixcn prtspad in accordancL i%"ith the methixts atml principlcs of thL Sthiem¢nt of RccommLnd¢d Pncti¢c for Jccnuntg reportinft . ¢haJiti (applicabl¢ to chanii¢g pr#parrng their .Icwimts in J¢wrdancc iiith thc Fman¢ul Reportiiig SLwthrd akwlicable in the Uk and Republic of lffland IFRS IU?)). I liav¢ no con¢¢ms and hatrc come across no matt¢ts in connedion ii.ith thc ¢thaT10n to Ihl¢ll attenti should iK diiiiii ID diis r¢porf iii order ro cnible a propcr nd¢IllS of die xcounts ro be renched. Mr Dai'id Roftcr Pa(mian All¢nbotvugihs (Aecounthnisl Lin?il¥d C'L'niJiL'd Accouniants l Toii¥r Ho1C ToiiLr C¢nli¢ H¢)(Ide5don HLrtfordshir ENI18UR 29di JanuaTh 202) Pase 6
P.4LLE MOELLER FOUND.4TION Statement of Fintsnf ial Aftivities for the ye1r ended 31st Mar¢h 2024 jlli124 To(31 funds I If)l? J Totsl fiind5 Unrkstri fijnds ReyFifi fiJJid tndoi4ni¥4At tuiid INCOTrIE.4ND ENDOWIN%4Ts FROM D0ft2nons and 25.206 2).206 5.2 44.SQO To¢21 69.X96 69.896 $1.218 EXPENDITDRE ON Cljaritable aili%'ilies SDLial iiutk" aaii'itlLS Costs iii furthcrarLC¢ of thariTh s obJcct'S 49.??? 49.f22 39.427 OIiicL' )1 j.4jS 21i.4i) {8.3) l ) Total 26•.947 ?6? 957 40,109 NET It44COIIIEi IFENDITURE) 119i.tYTrl } (19J.U61) I i.i()¢J Tr.Insfer5 b£tell fuiidb 1108 (2.108) Net movement in funds 119J.(knl) 2.108 {? 108) (19i.061) 11.i(v) RfcoNCII.IATION OF ruNDS To1 fiti)ds brouslii foni.ard 186.4Cyl 11.612 107.9) I 306.(ii7 294.948 TOTAL FLfNDS CARIUED FORWARD j,70 10 84J 112.996 306.0$7 Th. n(rt¢s fonn parE of financiaE l¢mcnts Pau'¥ 7
P.4LLE MOELLER FOUND.4TION 31st iMar¢h 7024 3117124 Tot31 funds Jif)Qi T0121 funds UnristrictLd nds RriL fwid tryloMIiiLrit fijiid Nol¢s rL¥ED ASSETS .1 ansiiblL &gse(s liii'csuncnts i91 71 7i,OSn 7).441 71 71 76.448 CURREp¥f ASSETS D¥bio Cash al bonL. io 8.227 622 16.289 14.SV4 ?.V20 ig.070 j.75V 28.876 8.k49 i.7iU iO.79i 5j.j91 241.090 CREDITORS .4mounts f[in il.ith onc {li411¥1 {l_i.9nx ) (114AI) ASSETSIILIABILA TIES) 17.Oi9) JO.74)j 37.484 229.609 TOT.4L ASSITS LESS CURRENT LbiBILITAES (6.i971 13.7iO lQ5.843 112.996 NET ASSUS (6.i97) IOi.84) 112.996 i06.Oi7 FIFND,S Unr¥5tii¢tcd fithds RLStrtClLd fijnds Endthi"mLrtt fidS 12 {CJ i97} 186.4fA 11.64? 1079il TOTAL FUNDS 112.991> 306.0$7 '11 cliantsblc niPanI. is cnuded io e.iYJnptioH fyom audit un¢kr Secnoft 477 of thc C'omparues Aa ?UIMJ for iur cith ilsi NLuc]] ?024. The. memb¢ts hiiV¢ DLX qll1[¢d the compan!. lo obiain an aiidit of its finincial yat¢nients for ihe )¥ar ¢nd¢d i 1st Mar¢h *112J in 3Ciordanw' iiith &"ction 476 of thL Companiis Ail 2006. Tl)e trnsiees knl"[edC w5[1bleS for (a) ¥nsw)iig that . charitablL CLBiipan} kLfP5 accounting r¢cord5 thai comply ii.ith Seaions 386 alld J87 of the CA>mpJni&% .4cL 2nllC) and prepaniift financial staicments iihicli nive 1 tn]c Jid tw"r Vi. of the Sthic of afFait% of the chirithble compan!. as a( thc CIMI of ¢a¢li filLCl.l )tar and of its sUlUS or (kficit for ea¢h fiiiwicial l'ear in accordancc iiith thc requirncnts of SLCti(KES )94 and 39$ and i%bicb othenvI ¢p[l. li ith the tcquiieinenls of the CLxnpantes Acr 20()6 r¢latsi]g to finan¢ial 5tstemcnts. so far a5 applicabk io chan'tsbk. ¢ompanv. Ib) Thi. not¥s fomi pan of thLx financial Sts¢¥mcnts P,Igi 8 continu¢d...
PALLE MOELLER FOUND.4TION Balin¢e Sheet- rontinued 315t il.larch 2024 Tli¥5L fijiancid Sl¢Mnts hav¢ tLYn prwLd An aCcoe i1th ilL' provisions apCable clwithbl¥ comp3fties 5ubj¥cI to Éh¥ small cThnpaniLs regim¥. fuwial qtst¢mints ii'ere appli.d b), . Beard of Te¢S a[rtI['d for is$. tjn 29th Januan. 20?.5 IiLr¢ M L m-Ir- TnLsre¢ TEK. notes fomi part of financial SNll¢mLnts
P.4LLE MOELLER FOUIND.4TION Nutes (o tlie Fin#n¢i21 Siafements foy the ye3r ended 31st March 2024 SI'ATUS ofr "fHE ACCOUN'TINfG ENTIn' Thc Found2tson is TeLtist¢rtd in United kingdom undcr th¥ Charitses ALt 19(A) ajjd in Uganda as a forciw) compaK]N" ld¢[ Scfjtion 2) l of tkn- clI9a[11Ls A¥1 2U12. Thl lLS15tL'r nu[nir of Found10n is 2473092 and th¢ r¥?¢7iStcred offici address is l Toii¢r House. Toiler Centre. Hodd¢5don. HertfordshirL EN I18UR. ThL' Fourtdjtion is also reg1st in Ugartda as a Non0%,L'MmLtsJ Oryanisation un(k.r thb NonO.MM¢n1aI Op.ianJ5&iliDll R¢Lvi5tsations Siatui Iy8CI ACCOUNTTING POLICILS B21sis of preparintw the finaDcial ateMentS Thi fiT)flJliial statÈlilen(i of clhuitable iOI)Ipani. iiliiili is a publii Ixnefii ¢ntil) Un-r FR% 1112. liai'¢ prlparcd in accordancL' ilith C'hariliks SORP IFIiS 10?) 'AccounDngi and RcwrtiiiE bi. CbaritiLS Stam¥nl of R¢coLninendL'd Pr3Ctic¢ applicable io thaTits¥s Pfipann.. th¢ir accounts in accor(knnc¢ ii'ifli thL FinaRGi Riporun,, SLindard applicablc in the Uk atKI R¢public of IrL'laTrd (FRS IU2) leffLCliv¢ l Januar). 211151,, Financial RerKJrfiiis .Siwidard In2 Tr Fin4incial RLpomng SfaD(knrd 4ipplicahlc in ilie IIK and Rc]xiblic of Iiiland, ld tsie Compyuis .4ct ?01)6. The finJicial alements havc cn prepared wider dic historical Cost coni ennoi) i?ioditicd such thar frehold land and buildm(s a. stated ai valuaiioii and on an accwal basis. Inconie Reli5 in¢ome Jid bank in1er1 a rcctygniscd ivl)cn receiithlc. Donations arc recognised onl!" iTrhcn Ycc£ii"gJ. E.¥penditsre l.Il¢ bilittcs 2tr. rcc.ngniscd as CNPknndifut¢ 15 500D the is a IvJal or constwaii'e oblisTatiOli committi.yg ttL cl)anTr' to t]wr expLnditt]rr. il 15 probable a t[5fr of ccot)oThu¢ iKncfiLS 11.ill ie4uiitd iii (lI¢sLI1L and tIK' aiiiounl of ihc ohligi¢ iinn ¢an he lilCLEUd rcllably FNreiidifyrL 18 ¢1ccnuniud for nn in a¢cnyiils ha<18 lind Iki n clwi ified uiidLr 1ILadiugs I[t LTrQlEdt all COJI ¥<lated tlii calcgor). Wher¥ Coats &winot bc directl attnbuiLd P&uliciilar h¢&lin1¥5 thei. lia&L Im'n aJl(utcd io aaiwffi¥S ¢Jn a b[$ collsistrnt iiith thc us¢ of r¢sour¢es. Tafiffjble fixed 1ssets Depreci1017 is prOl'idL ai ihe folloming annual r2tL£ in order to ivrite off eath asset oi'er egtimal¢d 6a1 life Freehold pn)PL"rt)' Lon lewhold rfjiliJrcs and firtin 4 /0 on rL¢10 balw]¢e Oi'Lr the period of the lease TJx&tion chatil!, i5 ¢NLnipi from cotpotation laN on its diarttsbl¥ activili. Fiind ac<ounting Unresiricted fvnds used in xcordwKc iiidi the djaritsblc objecuves at ih¢ discretion of die tmsi¢es. Restn"cted fijnds onli. vscd ftir p1Cular Tcstsirf pUrys iiithin tbc objects of th¢ ¢harii)'. Restnction5 Rs¢ ii,IK'n specifrLd b%. th¢ donoror iih¥n fund5 are rad for poiticular restriad pu$. 'lliL Endoiim)eiit Fund rLT&rewis donanlS b!. the tounder iNthich nia!. be used onl}. to g¢ncra(c inconie. but ma!. 01 bc C%nded on the auivioes of thc FouThJ0. Hire purth#se 2nd leasing commitments PicnLils paid undcr QP&ratsny ISc5 arE char8¢d io thc Semen1 of Financi, Aaiiitics on a sttainlii linc basis over Ilie pcn4)d of tiiL I. contsnued...
P.4LLE MOELLER FOUYD.4TION Notes to the Financi21 stiteents- fontintsed Cor the ytai- ended 31st MJr¢li 2024 ACC0UN'TI'G VOLILIES- tontiRucd Foreign currency transactions Th¢ liitotTr£ 4nd E1¢dir¢ A£wwil s&ryrL"d thi115 is 7[cd inw Plld Sicrlii?o at an ai'craoc rJtC a5 folloii's'.- Ushs. 4.911 Ushs. 4.680 I Pound Sr¢rlii)n T]1¢ s'eJr ctid cichange raw5 io o)n4tn all Stskmcnt of Financi P05iuon itcns fo!loii-: ?Ir:n4 U5hs. 4.911 Usks. 4.680 I Pouiid Sicrlin4 INEsTMENT INCOME illJ124 jllJl!- Reiits rccciN'ed tk"ptssil account int¢r¢ i.i(K) i.Ili5 44,6911 4.i.91 ET INCOMFJ{LXPENDITURE) N5Lt IncML.,(LxpCQdtur) is StLd aftknr ¢ha1n(Cdlr1rt¢1 i IlJf14 Audiiors, rilTiurtL'Taiioii DL'p.claiIon - oiii)L"d a HirL' of pl.Ini artd Tnachincry. OUK"r opcraliiig l¢as¢ j?6 Yi6 977 i42 1.9$9 TRIISTEES, RLNIUNER4TION AND BENEFITS IIIcrb Thcre no tntsiccs. rmune10n or other .nefits for )'car etxlcd ) 1st Marcli ?0?4 iior for the l'ear ended ) 1st fvlar¢h 211?- Tru5tees' expenses iiere no trlCe¥ exp¥5 EKud for the >'&ir end¢d ?Ist March 2024 nor for th¥ )"&ir cnded J 1st hiirch 2023. Pae 11 ¢OTJiiliUCd .
P.4LLE IfOELLER FOUND.4TJON' Notes (o the Financial Sialements- continued lor tlie ytzr ended 315f M?rch 2024 STAfiF COSTS The atr¢rJg¢ nionuili. iiumbcrof ¢mploie¢s duriiig d)c I'thyil'as as folioii's: i If)124 iif)n_3 SLcfiLyial ld adtnTlllStrJtsvc 5eTrices No emplolees recciied cimoluments iii excess of £60.IJ)O. CO%IPAIL4TIs FOR THE ST.4TEhlENT OF Flh'ANCIAL ACllVITIES Unrcstrlcd ReyiictLII fu15 ruiid EndoiiTnLnl luii Total rund5 Ir4COME .4ND ENDOWPvlEprfs FROM Do¢kiiions and legacies 5299 i299 Iniicson¢ni incoine 4).919 4).919 Total 51.218 EXPENDITURE OI Charitablt artiiities 3().427 9.033 )1).4?7 9.oii Costs £urthernnC of Ch5 s obic£¢s Otlier (8.)il ) {8.3511 Total 40.109 NET INCOhlE Transfers betweett fuuds 1.4(Kl 11.400} Nel movement in funds 11.109 1.4(K) (1.4110) I i.i(Jg RECO,elL1ATXO,, OF fL,'Ds TorJl fiinds btOti,.lit foThi'ard 17$ ji5 10.242 IOQ.3i I 294.948 TOTAL FUYDS CARRIED FORWARD 186.4(A 11.64? 107,9$1 iOfj.057 rA)nui)ued...
PALLE MOELLCR FOUND.4TION 'otes to the Financial Stttten)ents- fontinued for the yeai. ended 31st Marcli 2024 TAIN'GIBLE FIIED ASSETS FiKwres Fr£Lhold OP¥li L]s iLJS¥'lJold At Isi April 702) and i Mardi 2024 71.780 1)1.560 DEPRECI.4TION At Isi April 2112) Charge for N"ear 17.9$2 27. IU(? 184 12) At i15t m.yeh lu? I 18.Ci¥4 ?7.290 14) 46.119 NbT BOOK VALLIE Ai i Isi imarch 30.7611 44.-')U 191 75.441 Ai .•lsi Mah 2022 44.674 7C)_i77 lrycl.,dpd itr. rcsw deprccia(cd. is !rLeho!A l.nd of £1 8.6A. ! ()O)- ¢1 S.XAI) ii,hi¢h is Moi "Llic rcmajning lease of 10 }'Lw5 for Plot i Kitsle Road has becn surrcndcred in cchange for a reneiial of "¢ars ii'ith eftect trom l ju ?01¥..r. r¢mainin lif¥ ()fr ihe Irt. ai ) l Mitrh ?11?4 is thcErforc j'rars. FIXED ASSET INIIESThlEfiTS Listcd invesknents M.4RKET VALUE 71 TfTDnnK Illi Tlf Ai i Isr MCh 2U24 71 Ai J Isi March 202J 71 IlifL' no inv1MLI)I &5cts oursi¢k thc Uk. io. DEBTORS: ,INlOUiK'i"s r,iLLIP4G DUE IVITHI.Y ONE YEAR 31jjj?4 3113123 IIad¢ d¢,0[$ Ti 6i2 24J16 2.0?0 linu¢d...
PALLE MOELLER Fouf4D.4TtON Note5 to the Finantt41 Statements- Tonlinutd for the ye.Ir ended 31st Mar¢li 2024 CRCDITORS: ,INIOUI'TS r.iLLI,N'G DUC II'ITHlJl' O.YE IAR illi124 3 li2 i(I.077 1.454 AcL[lIL iiTK'n5L -2(M) 11.4SI 12. MOIIEMENT IN FuNs N¢t moTrem¢nt in fiJiid5 At i IlJ124 At 114f2i funds Iliii-eyricted funds General fund 186.464 (19i.0611 {6,597) Rtslrirletl funds '% a145alivlt iLiiid .2 2,1V-, li.7iO Ed0)YM.l funds Endoivmcnc Fund 107.951 12.108) TOTAL FlITrlDS i06.lli7 1193.U61 J 112.996 Nci mov¢n)ent In tiind5. Included the Jbovc as toiloii. IiiL¥)tniiis resoiirces Res(MJrce5 pciided i oveineiii It) fvnds Unrt51rirted funds ()6? 047) IlQi.061) TOTAL FUNDS 69.$lJ6 {?62:gi7} {19i.(knl I Panc 14 corjliiiucd...
PALLE MOELLER FOUN'D.4TION NeS lo the Financial Sialements- continued loi- the ye.?r ended 315t Marcli 2024 12. IOIIEN1ENT IJY fuNDS- £ontinucd Comparatsves for movement in funds Ncl Transfc 6ctt%L¢n nds Inoi'cmL'ni iii fjjnds Ai i11312? Ai 11411? Lnie5tricted CuBds GL TrLtai fjjiid 17iJi5 11.109 1¥6.464 Re5tri¢led fund5 11.CA2 Endoii'meiit Fuiid {1.400) l D7.gi I TOTAL FiJTr4DS ?94.948 11.109 C'omparnuve moiicnieni In knnds. in¢ludcd In t1 aboi'c as tollthis.. An1& R¢xwrv IoI1rcu in fiinds Unre51rirted funLIs Gepcr&l li?d (40.109) TOTAL FUNDS il ?_Ill (411 IOYI 11.109 A ciirr¥nt lear 12 Jnonths and priorltar 12 nionths combined position is as folk)M5'. Transf- moiemeni iji fui)ds Ai i113124 Ai 114rii Unre51ricted fund5 GenerJ fiL- (181 aj21 (6.5n?) Resfrirled fiinds ReN'alu3tion KSL'n'¢ fund 10.?42 li,740 Endoilinent fund5 EndoiiTh¢ni Fund 09.iil %osi I OTAL rLiyDS ?Q4.948 (181.y52j 112.9i% 6 coiitinved...
PALLE MOELLER FOLIND.4TION liotes lo the Fin,Inrial Siatements- rontinued for the year ended 31st M.?rcli 2024 12. ]¥qOVEMENT IN fuNDS- tontinuod A current i"¢Jr I I months aThl prior Irar l? Mon7$ combined net mov¢m¢DI in fiumjs. included in the at¥)ic are as fiilloiis. Inconiing Rcsouwtts ¢Np¢n(kd Moveme in fimds Uni-esirifted fiinds GLiicd fiJNJ 1?1.114 (JOi.0661 {181.95)) AL fL~'DS Il¥1 l)):) 13. RELATED PARTY DISCLOSIIRES Thcrc ii'ere no Tllaicd part)" tran5actsons for the lear Cndl 3 fvlarch 2024. PLTRPOSES OF FUNDS Geiieral Fund 71IL gE1]c1 fiujd is Ill$}¢1cd a£ can b¢ uscd in accnrd)ne¢ iiith t1 clwitg)Ic objects.$ at thc discrtrtion of thc trustees RtstriLled Ftsii Rcsrrici¢d fiiiids .Ir¢ dOn¢d for i particuliu Plifj)osc ma! noi be d for an% ll¢r pury)o iiryilM)ul rnission fro,- *.- donc-, EndoivTr.eni Flld The indoiiineiii fund [Lyrents donatsms bi. the founder iihith mav used onh" io gen¢rnt¢ inc1. bui mav noi be ¢nded on thc actiiitses of thc Found10. EVE,YTS AFTER THE END OF THE REPORTlI4lG PERIOD On l 8th Junc ?U24, NIer&ill¢ L"tEdii Bank" IAd {NICBL) i%as placcd into liquid3tson bi. th¢ Ccntsal BanL. As a ri11 of MCBL'S clowc. -some of - funds held at Mcrcantslc Crcdit Bank arc at risk of kiiig irriCOI"crJblc. TIIL b)]Cl. sheet -.jsr March ?U74 rLflects thc loss of fithds. Paoc 16
P.4LLE IIOELLER FOI ND.4TIO Detailed Statement of Financial AcliN'ities for the )'ear ended 3151 %1orch 2024 311JD4 3113123 INCO.ME AND ENDOM'MENTS DonAlions and legacies tk)naiions 25.?06 5.299 Inb'e5tment income Renis received Deposit accouni interesi 42.884 3,035 3.300 44.690 45.919 Total incoming resources 69.896 51.218 E.XPEDITL RE C'haTiIRble Aciib'ilies ages Raies and Kvater P051agie and siaiionery Educaiion cosis Social welfare costs 4Aedical losts Sports activit), costs Poi'erty alleviaiion Project e.xecution e.xpenses 745 54 23.768 1.976 9.807 137 7.791 9.?81 508 .459 8.583 49,52? 39,427 Other Hire c)f plant and machinery Rent & rale5 Repairs. niainienance and adminisiration E.xihange differences Taxation Freehold propert!. Long leasehold Fixlures and finings 977 1.959 {14.?iOI 585 507 480 732 184 20 20.488 18.3$1) Support costs Finance Bank charges 207 Other Adinini5lrntion cosis CaThied fon¥ard 3,65? 3,652 2,-f27 This pa2e does noi fomi part of the statutorv firianeial statements Page 17
P.ILLE IIOELLER FOI'NDATIOY Delailed Sialemenl of Fin*neial Aetivttie% lor the Trear ended 31st March 2024 31131?4 31131?3 Other Brought forward Impairment of cash ai bank Impairnienl of interesl 2,527 184,125 3,300 3,652 189.952 3,652 Gerance cosls luditors, remuneration ALcountanc) and professional fees 3?6 2.556 34? 2.882 5.174 Total resources expended 262.957 40.109 {eipenditureVincome 119i.061) 11.109 This page does noi fom) pan of the stalutor) financial sialemenis Page 18