| Trustees' Report | |
|---|---|
| Objectives and Activities | |
| Achievements and Performance |
|
| Financial Review | |
| Future Plans | |
| Structure, Governance and Management |
|
| Reference and Administrative | Details |
| Statement ofthe Trustees' Responsibilities |
|
| Independent Examiner's Report |
|
| Statement ofFinancial Activities | |
| Balance Sheet | |
| Accounting Policies |
|
| Notes to the Financial Statements |
| Livery | Livery and | |||||||
|---|---|---|---|---|---|---|---|---|
| and | Freemen: | |||||||
| Unrestricted | Freemen: | Endowment | 12Month | 7Month | ||||
| (General) | Income | fund | Total | Total | ||||
| Note | fund | fund | 2022 | 2022 | 2021 | |||
| Income and endowments | from: | |||||||
| Donations and legacies | 26,646 | 92,992 | 119,638 | 94,938 | ||||
| Investments | 74 | 74 | 21,188 | |||||
| Total income and endowments | 26,720 | 92,992 | 119,712 | 116,126 | ||||
| Expenditure on: |
||||||||
| Raising funds | ||||||||
| Investment management |
costs | 2,891 | ||||||
| Fundraising event costs |
72 | |||||||
| 2,963 | ||||||||
| Charitable activities |
||||||||
| Grants | 37,455 | 37,455 | 1,470,560 | |||||
| Grant related support | costs | 26,392 | 26,392 | 50,886 | ||||
| 26,392 | 37,455 | 63,847 | 1,521,466 | |||||
| Total expenditure | 26,392 | 37,455 | 63,847 | 1,524,429 | ||||
| Net gains on investments | ||||||||
| Gains on investments | 76,122 | 76,122 | 48,492 | |||||
| Net movement in funds |
328 | 131,659 | 131,987 | (1,358,791) | ||||
| Fund balances at 1August | 2021 | 6,622 | 310,075 | 316,697 | 1,676,488 | |||
| Fund balances at 31July | 2022 | 6,950 | 441,734 | 448,684 | 316,697 |
| Note | 31July 2022 | 31July 2021 | |||
|---|---|---|---|---|---|
| Fixed assets | |||||
| Fair ByDesign | 202,794 | 143,371 | |||
| 202,794 | 143,371 | ||||
| Current assets | |||||
| Debtors | 3,750 | 38,518 | |||
| Cash at bank | 249,999 | 167,812 | |||
| 253,749 | 206,330 | ||||
| Creditors: due within one year | 7,859 | 33,004 | |||
| Net current assets | 245,890 | 173,326 | |||
| Total assets | 448,684 | 316,697 | |||
| Funds | |||||
| Livery and Freemen: Income fund | 9 | 441,734 | 310,075 | ||
| Unrestricted (General) fund |
10 | 6,950 | 6,622 | ||
| 448,684 | 316,697 |
| 12 | Months | 7 | Months | |||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Donations | from | Merchant | Taylors' | Company | 26,646 | 36,999 | ||
| Donations | from | individuals | 92,992 | 57,939 | ||||
| 119,638 | 94,938 |
| 12Months | 7 Months | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Income | from listed investments | 21,180 | |
| Deposit | interest | 74 | 8 |
| 74 | 21,188 |
| 12Months | 7Months | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Unrestricted donations |
||||
| StMichael's Church Cornhill | 2,500 | |||
| Merchant Taylors' Foundation |
37,455 | 1,468,060 | ||
| Total Donations | 37,455 | 1,470,560 | ||
| 5 | Grant related support costs | |||
| 12Months | 7Months | |||
| 2022 | 2021 | |||
| Administration costs |
18,930 | 41,767 | ||
| Insurance | 520 | 44 | ||
| Bank charges | 1,406 | 1,031 | ||
| Sundry expenses | 436 | 1,658 | ||
| Governance costs: |
||||
| Independent examiner's |
remuneration: | |||
| -Statutory report —current year | 2,500 | 2,000 | ||
| -Statutory report —prior | year under provision | 2,600 | 500 | |
| Professional fees |
4,386 | |||
| 26,392 | 50,886 |
| Social investments | Social investments | 31July 2022 | 31July 2021 | |
|---|---|---|---|---|
| Fair value at | 1August 2021 | 143,371 | 163,626 | |
| Add: | ||||
| Additions | 28,979 | 25,012 | ||
| Equalisation | payments | received | (45,678) | (44,387) |
| Net realised | / unrealised | gains / (losses) | 76,122 | (880) |
| Fair value at | 31July 2022 | 202,794 | 143,371 |
| 31July 2022 | 31July 2021 | |
|---|---|---|
| Accrued income and tax recoverable | 3,323 | 29,844 |
| Prepayments | 427 | 480 |
| Other debtors | 8,194 | |
| 3,750 | 38,518 |
| 31July | 2022 | 31 | July | 2021 | |||
|---|---|---|---|---|---|---|---|
| Merchant | Taylors' | Company | 8,194 |
| 31July 2022 | 31July 2021 | |
|---|---|---|
| Creditors | 62 | 23,154 |
| Accruals and deferred income | 3,300 | 4,500 |
| Other creditors | 4,497 | 5,350 |
| 7,859 | 33,004 |
| 31July 2022 | 31July 2021 | ||
|---|---|---|---|
| Bradestrete Services Ltd | 4,147 | ||
| Merchant Taylors' Educational | Trust | 2,500 | |
| Merchant Taylors' Boones' Charity | 2,500 | ||
| 4,147 | 5,000 |
| Balance | Net gains & | Balance | |||||
|---|---|---|---|---|---|---|---|
| 1 | August | Income | Expenditure | transfers | 31July 2022 | ||
| 2021 | |||||||
| E | |||||||
| Income | Fund | 310,075 | 92,992 | (37,455) | 76,122 | 441,734 |
| Balance | Net gains & | Balance | |||||
|---|---|---|---|---|---|---|---|
| 1 | January | Income | Expenditure | transfers | 31July 2021 | ||
| 2021 | |||||||
| E | |||||||
| Income | Fund | 58,323 | 79,119 | (3,270) | 175,903 | 310,075 |
| Balance | Net gains & | Balance | |||||
|---|---|---|---|---|---|---|---|
| 1 | August | Income | Expenditure | transfers | 31July 2022 | ||
| 2021 | |||||||
| Unrestricted | Fund | 6,622 | 26,720 | (26,392) | 6,950 | ||
| Comparative | information | ||||||
| Balance | Net gains & | Balance | |||||
| 1 | January | Income | Expenditure | transfers | 31July 2021 | ||
| 2021 | |||||||
| Unrestricted | Fund | 19,935 | 37,007 | (50,458) | 138 | 6,622 |
| Unrestricted | Income fund | Total | ||
|---|---|---|---|---|
| (General) fund | ||||
| Investments | 202,794 | 202,794 | ||
| Net current | assets | 6,950 | 238,940 | 245,890 |
| Balance at | 31July 2022 | 6,950 | 441,734 | 448,684 |
| omparative | information | |||
| Unrestricted | Income fund | Total | ||
| (General) fund | ||||
| E | ||||
| Investments | 143,371 | 143,371 | ||
| Net current | assets | 6,622 | 166,704 | 173,326 |
| Balance at | 31July 2021 | 6,622 | 310,075 | 316,697 |
| Livery | and Freemen | Fund | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Income | Expendable | 7Month | |||
| (General) | Endowment | Total | ||||
| fund | fund | 2021 | ||||
| Income and endowments | from: | |||||
| Donations and legacies | 36,999 | 57,939 | 94,938 | |||
| Investments | 8 | 21,180 | 21,188 | |||
| Total income and endowments | 37,007 | 79,119 | 116,126 | |||
| Expenditure on: |
||||||
| Raising funds | ||||||
| Investment management |
costs | 2,891 | 2,891 | |||
| Fundraising event costs |
72 | 72 | ||||
| 72 | 2,891 | 2,963 | ||||
| Charitable activities |
||||||
| Grants | 2,770 | 1,467,790 | 1,470,560 | |||
| Grant related support | costs | 50,458 | 428 | 50,886 | ||
| 50,458 | 3,198 | 1,467,790 | 1,521,466 | |||
| Total expenditure | 50,458 | 3,270 | 1,470,681 | 1,524,429 | ||
| Net gains / (losses) on | investments | |||||
| Gains on investments | (803) | 49,295 | 48,492 | |||
| Net (expenditure) / income before |
(803) | 49,295 | 48,492 | |||
| transfers | ||||||
| Transfers between funds | 138 | 176,706 | (176,844) | |||
| Net movement in funds |
(13,313) | 251,752 | (1,598,230) | (1,358,791) | ||
| Fund balances at 1January 2021 | 19,935 | 58,323 | 1,598,230 | 1,676,488 | ||
| Fund balances at 31July | 2021 | 6,622 | 310,075 | 316,697 |