| Contents | Pa es | |
|---|---|---|
| Trustees' Annual Report |
3-6 | |
| Independent Examiner's |
Report to the Trustees | |
| Statement of Financial Activities | 8-9 | |
| Balance Sheet as at 31st | October 2022 | 10 |
| Notes to the Accounts | 11-14 |
| Registered | Address: | Mansion House, London |
Mansion House, London |
EC4N BBH |
|---|---|---|---|---|
| Patron (exofficio): | The Rt Hon. The Lord | Mayor | ||
| Trustees: | Julian Tregoning (Chairman) |
|||
| William Chapman | ||||
| William Charnley |
||||
| HH Judge Anuja Dhir | KC | |||
| Roddy Graham | ||||
| Alderman Tim Hailes |
||||
| Jonathan Nichols |
||||
| Alderman Sir Andrew |
Parmley | |||
| Advisers: | Alderman Sir Charles |
Bowman | ||
| Michael Byrne | ||||
| Professor David Latchman | ||||
| Nicholas Westgarth | ||||
| Secretary &Treasurer: | Neill O' Connor | |||
| Independent | Examiner: | P K S Ewen FCA | ||
| Calders (1883)LLP | ||||
| StVincent House | ||||
| 30Orange Street | ||||
| London WC2H 7HF | ||||
| Bankers: | Lloyds Bank | |||
| 70-71Cheapside | ||||
| London EC2V BEN |
| Note | General | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | 2021-22 | 2020-21 | |||
| (E) | (f) | (E) | (E) | |||
| INCOMING RESOURCES |
||||||
| Livery Company donations |
46,750 | 46,750 | 55,150 | |||
| Past Masters' Associations |
253 | 253 | ||||
| Lord Mayor's Appeal | 30,000 | 30,000 | 28,662 | |||
| Al-Sabah Foundation |
30,000 | |||||
| Personal donations | 2,750 | 2,750 | 4,750 | |||
| Interest ÷nd | income | 5,109 | 14,812 | 19,921 | 14,032 | |
| TOTAL INCOMING | 84,862 | 14,812 | 99,674 | 132,594 | ||
| RESOURCES EXPENDED | ||||||
| Scholarships awarded |
5 | (85,000) | (85,000) | (112,350) | ||
| Outgoing Secretary's fees & | (21,137) | (21,137) | (18,368) | |||
| expenses | ||||||
| Incoming Secretary | & | 6 | (2,000) | (2,000) | ||
| Treasurer's fees |
||||||
| Entertainment | (1,100) | (1,100) | ||||
| Scholars' expenses | (661) | (661) | (1,952) | |||
| Independent Examiner |
(1,860) | (1,860) | (1,140) | |||
| TOTAL EXPENDED | (111,758) | (111,758) | (133,810) |
| Note | General | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | 2021-22 | 2020-21 | ||
| (E) | (E) | (E) | (E) | ||
| NET INCOMING / | (26,896) | 14,812 | (12,084) | (1,216) | |
| (OUTGOING) RESOURCES | |||||
| Unrea lised Gains / (Losses) on | |||||
| Investment Assets |
(16,269) | (47,051) | (63,320) | 95,905 | |
| NET MOVEMENT IN FUNDS |
(43,165) | (32,239) | (75,404) | 94,689 | |
| Funds Brought Forward 1"November 2021 |
201,130 | 569,906 | 771,036 | 676,347 | |
| Funds Carried Forward |
157,965 | 537,667 | 695,632 | 771,036 | |
| 31"October 2022 |
| (Note2) | |||||
|---|---|---|---|---|---|
| Restated | |||||
| Note | 2022 | 2021 | |||
| (E) | (E) | ||||
| Investments | 676,158 | 739,478 | |||
| Current Assets | |||||
| Cash at Bank | 74,314 | 85,842 | |||
| Cash at CCLA | 710 | 706 | |||
| Debtors | 8,000 | ||||
| Current Liabilities |
|||||
| Creditors | 8 | (55,550) | (62,990) | ||
| NET ASSETS | 695,632 | 771,036 | |||
| ~RS ted |
6: | ||||
| Income Fund | (Unrestricted) | 157,965 | 201,130 | ||
| The Richard | Nichols Endowment | Fund | 537,667 | 569,906 | |
| TOTAL FUNDS | 695,632 | 771,036 |
| Actuaries | 61,000 | International | Bankers | f5,000 | |
|---|---|---|---|---|---|
| Apothecaries | 61,250 | Ironmongers | 61,000 | ||
| Barbers | 6750 | Leathersellers | f3,000 | ||
| Builders Merchants | 6500 | Marketors | f500 | ||
| Chartered | Accountants | E1,500 | Merchant Taylors | E5,000 | |
| Constructors | E1,000 | Paviors | 6500 | ||
| Drapers | 66,000 | Salters | F2,000 | ||
| Dyers | E2,000 | Skinners | 6250 | ||
| Engineers | E1,000 | Solicitors | E1,000 | ||
| Farriers | 6600 | Tax Advisers | f500 | ||
| Fishmongers | E1,400 | Tin Plate Workers | f500 | ||
| G lovers Goldsmiths |
61,000 f3,000 |
Turne rs Woolmen |
E2,000 61,000 |
||
| Grocers | 65,000 | World Traders | f500 | ||
| Insure rs | 66,000 |
| shl N |
dC | t | Ul* | ltl | Course | |||||
| BRAZIL: | Queen | Mary— | Master's | in Banking | &Finance | |||||
| Andre Andrade | University ofLondon | |||||||||
| CHILE: | Queen's | University, | Belfast | Master's | in Sustainable | |||||
| Daniela Nilo |
Development | |||||||||
| INDIA: | University College, London |
Master's | in Management | Ik | ||||||
| Love Jain | Finance | |||||||||
| INDIA: | Bayes Business | School— | Master's | in Finance | ||||||
| Monik Mehta | City University, | London | ||||||||
| MEXICO: | London | School | of Economics | Master's | in Applied | Social | Data | |||
| Luis Cruz | Science |
| Market | Market | Gain / | ||||
|---|---|---|---|---|---|---|
| Value at | Value at | (Loss) in | ||||
| 31.10.22 | 31.10.21 | Market | ||||
| Value | ||||||
| 2021-22 | ||||||
| COIF —Investment | account | 173,398 | 189,667 | (16,269) | ||
| COIF —Richard | Nichols Endowment | Fund | 502,760 | 549,811 | (47,051) | |
| Total | 676,158 | 739,478 | (63,320) |
| General | Endowment | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| Investments | 173,398 | 502,760 | 676,158 | ||
| Cash at Bank | |||||
| Year-end bank balances restated to |
|||||
| calculate true general/ | endowment | elements | |||
| Lloyds current& deposit accounts | 40,117 | 40,117 | |||
| Lloyds endowment | account | 34,197 | 34,197 | ||
| Cash on deposit with CCLA | 710 | 710 | |||
| Net Creditors | (55,550) | (55,550) | |||
| Total | 157,965 | 537,667 | 695,632 |