## 



## 

## 

## 

|C||||
|---|---|---|---|
|ontents|||Pa es|
|Trustees'<br>Annual|Report|||
|Independent<br>Examiner's||Report to the Trustees||
|Statement of Fin|ancia<br>I Activities|||
|Balance Sheet as|at 31st|October 2023||
|Notes to the Accounts|||10|





## 

## 

## 

## 

|Registered|Address;|Mansion<br>House, London|Mansion<br>House, London|EC4N 8BH|
|---|---|---|---|---|
|Patron (ex|officio}:|The Rt Hon. The Lord|Mayor||
|Trustees:||Julian Tregoning<br>(Chairman)|||
|||Alderman<br>Sir Charles|Bowman||
|||W'lliam<br>Charnley|||
|||HH Judge Anuja<br>Dhir|KC||
|||Roddy Graham|||
|||Alderman<br>Tim Hailes|||
|||Alderwoman<br>Dame Sue||Langley|
|||Jonathan<br>Nichols|||
|||Alderman<br>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<br>EC2V 6EN|||





## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 



## 

||Note|General|Endowment|Total|Total|
|---|---|---|---|---|---|
|||Funds|Funds|2022-23|2021-22|
|||(E)|(&)|(&)|(E)|
|INCOMING<br>RESOURCES||||||
|Livery Company<br>donations||68,600||68,600|46,750|
|Past Masters' Associations|||||253|
|Lord Mayor's Appeal||17,205||17,205|30,000|
|Al-Sabah<br>Foundation||||||
|Personal donations||1,600||1,600|2,750|
|Gain on CCLA cash holding|||28|28||
|Interest 5dividend<br>income|3|4,964|14,982|19,946|19,921|
|TOTAL INCOMING||92,369|15,010|107,379|99,674|
|RESOURCES EXPENDED||||||
|Scholarships<br>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<br>fees S.expenses|5|||||
|Entertainment<br>S.other||(4,629)||(4,629)|(1,100)|
|expenses||||||
|Brochure 8 website||(11,750)||(11,750)||
|Scholars' expenses||(3,144)||{3,144)|(661)|
|Independent<br>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<br>funds||36,319|(36,319)|||
|Unrealised<br>Gains i(Losses) on||||||
|Investment<br>Assets||493|(6,992)|(6,499)|(63,320)|
|NET MOVEMENT<br>IN FUNDS||(16,201)|(28,301)|(44,502)|(75,404)|
|Funds Brought Forward<br>1"November<br>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<br>LIabilities||||
|Creditors||(76,080)|(55,550)|
|NET ASSETS||651,130|695,632|
|Re resented<br>B||||
|General<br>Funds (Unrestricted)||141,764|157,965|
|Endowment<br>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<br>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<br>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|