## **Mayor's Benevolent Fund Accounts for 2024/25** 

**Table 1: Final value and Dividend from Investments** 

|**Investments**|**Units**|**Final Value**|**Dividend**<br>**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<br>funds can be made available for use by<br>future, provided necessary documenta|been reinvested in respected investments. The<br>the Mayor's Benevolent Fund (MBF) grant team in<br>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<br>Name<br>Job<br>Charity Administrator<br>Yacqub Warfa<br>CIPFA Graduate Trainee<br>Independant Auditor<br>Adam McPhail<br>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 Fu￿1
Grants Unrt. Rescmjrces Directo
The LoThJ)n Borough of Bamet
North Lc￿00n 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