Mayor's Benevolent Fund Accounts for 2024/25
Table 1: Final value and Dividend from Investments
| Investments | Units | Final Value | Dividend Received/Expected |
|---|---|---|---|
| £ | £ | ||
| Blackrock | 7,750.60 | £ 240,015.98 | |
| Charites Aid Foundaton(CAF)- cauto | 64,333.93 | £ 60,982.13 | |
| Charites Aid Foundaton(CAF)- equity | 45,055.68 | £ 450.56 | |
| Total | £ 301,448.67 | £ - | |
| As per Table 1, Dividends received have funds can be made available for use by future, provided necessary documenta |
been reinvested in respected investments. The the Mayor's Benevolent Fund (MBF) grant team in ton are submited to Blackrock and CAF. |
Table 2: Income and expenses as per Bank Statements
| Bank | Bank | £ | £ | |
|---|---|---|---|---|
| Opening Balance asper bank stateme | nt 01/04/2024 | £1,241 | ||
| Payments | ||||
| Bank transfers | -£22,299 | |||
| Charges | -£0 | |||
| Receipts | ||||
| Investment Drawdown | £35,931 | |||
| Closing Balance asper bank statement | 31/03/2025 | 59471.18 | ||
| Total Income | £35,931 | |||
| Total Expenditure | -£22,299 | |||
| Net Movement in Bank | £13,632 | |||
| Table 3: In-Year Awarded for thepast | fouryears | ||
|---|---|---|---|
| 2021/22 | 2022/23 | 2023/24 | |
| £ | £ | £ | |
| Awarded in Year | -£23,246 | -£17,705 | -£22,525 |
| Role Name Job Charity Administrator Yacqub Warfa CIPFA Graduate Trainee Independant Auditor Adam McPhail Charted Finance Manager |
Examiner Opinion: In my opinion, for the financial year 2024-2025 annual report/accounts for the M
(as of Dec 25)
2024/25
£ -£22,300
Mayors Benevolent Fund above presents fairly in all material respects. Disclaimer: Mayor's Benevolent Fund
d was unable to receive the valuation of one of their investments at 31/03/25 and have used the valuation
report at 31/12/2024, however this does not affect the Charity Comissions Annual Report.
Valuation of Invest(K Details" (KXJ10304 May(K of Bamefs Benev(Aent Fu1 Grants Unrt. Rescmjrces Directo The LoThJ)n Borough of Bamet North Lc00n Business Park OakleKJh Road Sc N111NP Port[cA. BR Chanties tksignation.. Strategy: Agent. Asset Name Component TY Type Accumulat No of Unfts BLK Chantbes UK Equty FuThJ A Acc 7.750.603 Tc
loldin 16112r2025 Joint Hol(kr1" ReFM)tbrvJ Currency GBP Joint Holder2". Joint HoldeffJ- Joint Hol¢Jer4" X Rate 1.0000 Bid Price 3090.4319 p (GBP) Bid Reporting Value GB£ 239.527.11 Offer Price Offer Reporting Value 3096.7395 p GB£ 240.015.98 (GBP) )tal in RepNxtirKJ Currency GB£ 239.527.11
Investment Fund SeNices Ffrlm 1 W"12024 ¥tr 31 a125 Value of your investments Number Prfce Vak valu• IFSL CAF GIA 64333.931 £o.c 94.79p £60.982.13 IFSL GAF UK Eoity FurKI B £811.18 1.(X)p £491.56 SL CAF fyA trtal £61.432.81