| C | |||
|---|---|---|---|
| ontents | Pa es | ||
| Trustees' Annual |
Report | ||
| Independent Examiner's |
Report to the Trustees | ||
| Statement of Fin | ancia I Activities |
||
| Balance Sheet as | at 31st | October 2023 | |
| Notes to the Accounts | 10 |
| Registered | Address; | Mansion House, London |
Mansion House, London |
EC4N 8BH |
|---|---|---|---|---|
| Patron (ex | officio}: | The Rt Hon. The Lord | Mayor | |
| Trustees: | Julian Tregoning (Chairman) |
|||
| Alderman Sir Charles |
Bowman | |||
| W'lliam Charnley |
||||
| HH Judge Anuja Dhir |
KC | |||
| Roddy Graham | ||||
| Alderman Tim Hailes |
||||
| Alderwoman Dame Sue |
Langley | |||
| Jonathan Nichols |
||||
| Alderman Sir Andrew |
Parmley | |||
| Secretary: | Nicholas Westgarth | |||
| Treasurer: | Michael Byrne | |||
| Independent | Examiner: | P KS Ewen FCA | ||
| Calders {1883)LLP | ||||
| StVincent House | ||||
| 30Orange Street | ||||
| London WC2H 7HF | ||||
| Bankers: | Lloyds Bank | |||
| 70-71Cheapside | ||||
| London EC2V 6EN |
| Note | General | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | 2022-23 | 2021-22 | ||
| (E) | (&) | (&) | (E) | ||
| INCOMING RESOURCES |
|||||
| Livery Company donations |
68,600 | 68,600 | 46,750 | ||
| Past Masters' Associations | 253 | ||||
| Lord Mayor's Appeal | 17,205 | 17,205 | 30,000 | ||
| Al-Sabah Foundation |
|||||
| Personal donations | 1,600 | 1,600 | 2,750 | ||
| Gain on CCLA cash holding | 28 | 28 | |||
| Interest 5dividend income |
3 | 4,964 | 14,982 | 19,946 | 19,921 |
| TOTAL INCOMING | 92,369 | 15,010 | 107,379 | 99,674 | |
| RESOURCES EXPENDED | |||||
| Scholarships awarded |
(95,000) | {95,000) | (85,000) | ||
| Outgoing Secretary's fees S. | (3,927) | {3,927) | (21,137) | ||
| expenses | |||||
| Incoming Secretary 8 | (25,852) | (25,852) | (2,000) | ||
| Treasurer's fees S.expenses |
5 | ||||
| Entertainment S.other |
(4,629) | (4,629) | (1,100) | ||
| expenses | |||||
| Brochure 8 website | (11,750) | (11,750) | |||
| Scholars' expenses | (3,144) | {3,144) | (661) | ||
| Independent Examiner |
(1,080) | {1,080) | (1,860) | ||
| TOTAL EXPENDED | (145,382) | (145,382) | (111,758) |
| Note | General | Endowment | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | 2022-23 | 2021-22 | ||
| (&) | (F-) | (&) | (F-) | ||
| NET INCOIVIING / | |||||
| (OUTGOING) RESOURCES | (53,013) | 15,010 | (38,003) | (12,084) | |
| Transfer between funds |
36,319 | (36,319) | |||
| Unrealised Gains i(Losses) on |
|||||
| Investment Assets |
493 | (6,992) | (6,499) | (63,320) | |
| NET MOVEMENT IN FUNDS |
(16,201) | (28,301) | (44,502) | (75,404) | |
| Funds Brought Forward 1"November 2022 |
157,965 | 537,667 | 695,632 | 771,036 | |
| Funds Carried Forward | |||||
| 31"October 2023 | 141,764 | 509,366 | 651,130 | 695,632 |
| Note | 2023 | 2022 | |
|---|---|---|---|
| (E) | K) | ||
| Investments | 599,659 | 676,158 | |
| Current Assets | |||
| Cash at Bank | 126,813 | 74,314 | |
| Cash at CCLA | 738 | 710 | |
| Debtors | |||
| Current LIabilities |
|||
| Creditors | (76,080) | (55,550) | |
| NET ASSETS | 651,130 | 695,632 | |
| Re resented B |
|||
| General Funds (Unrestricted) |
141,764 | 157,965 | |
| Endowment Funds |
509,366 | 537,667 | |
| TOTAL FUNDS | 651,130 | 695,632 |
| ehalf in 2023. | Details are se | Details are se | t out beiow; | |||
|---|---|---|---|---|---|---|
| Scholar Name | 8cCount | Universitn | Course | |||
| CHILE | ||||||
| Jaime Armijo | London Business School | Finance | ||||
| ETHIOPIA | ||||||
| Wubedel Asfaw |
Shuba | University | ofWestminster | Fintech &Business Analytics | ||
| IRELAND | ||||||
| Kevin O' Connor | imperial | College London | Finance &.Accounting | |||
| UGANDA | ||||||
| Edith Apoo | (Deferred | to 2024-25) | ||||
| UKRAINE | ||||||
| Liudmyla Kasian |
Queen Mary London | Banking &Finance Law | ||||
| UKRAINE | ||||||
| Nadiia Lysenko | UCL | International | Banking & | |||
| Finance Law | ||||||
| UKRAINE | ||||||
| Lidiia Vatutina | UCL | Sustainable | Resources— | |||
| Economics | ||||||
| UKRAINE | ||||||
| Ruslan Yurchenko | {Deferred to 2024-25) | |||||
| SENEGAL | ||||||
| Abdourahmane | Diop | Reading | Agricultural | Economics |
| ote 8:Investments | ||||||
|---|---|---|---|---|---|---|
| Market | Market | Cash | Gain / | |||
| Value at | Value at | Withdrawn | (Loss) in | |||
| 31.10.23 | 31.10.22 | During | Market | |||
| 2022-23 | Value | |||||
| 2022-23 | ||||||
| COIF —Investment | account | 103,891 | 173,398 | (70,000) | 493 | |
| COIF —Richard Nichols Endowment | Fund | 495,768 | 502,760 | (6,992) | ||
| Total | 599,659 | 676,158 | (70,000) | {6,499) |
| General | Endowment | Total | ||
|---|---|---|---|---|
| ~Funds f | ~Funds f | ~Funds f | ||
| Investments | 103,891 | 495,768 | 599,659 | |
| Cash at Bank: | ||||
| Lloyds current account | 29,303 | 29,303 | ||
| Lloyds deposit account | 84,650 | 84,650 | ||
| Lloyds endowment | account | 12,860 | 12,860 | |
| Cash on deposit with | CCLA | 738 | ?38 | |
| Net Creditors | (76,080) | (76,080) | ||
| Total | 141,764 | 509,366 | 651,130 |