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|Trustees
exofficio|Trustees
exofficio|Trustees
exofficio|||||||
|---|---|---|---|---|---|---|---|---|
|The Rt Revd 3onathan|||Baker,|Guild Vicar St Andrew|Holborn||||
|Bishop of|Fulham||||||||
|Mr Paul Weston||||Churchwarden
ofSt Andrew||Holborn|||
|The Revd|Christopher||Smith|Incumbent
ofSt Alban|the|Martyr|||
|Vacancy||||Representing
the incumbent||of|St George the Martyr||
|Nominated|||||||||
|Cllr Nasim|Ali, OBE|||Nominated
by the London
Borough of Camden|||||
|Dr Brian Hanson,||CBE||Nominated
by the Guild Church|||Council ofSt Andrew|Holborn|
|Mr Paul
Martinelll||||Nominated
by the City|of London Corporation||||
|Co-opted|||||||||
|Mr Neil Anderson||||(from 1 3uly 2022)|||||
|Mr David Ballance|||||||||
|Mr 3eremy|Simons, OBE||||||||
|Mrs 3anle|Spring||||||||
|Off)cars|||||||||
|Clerk to the Trustees||||Mr Nicholas
Hills|||||
|Grants Officer||||Miss Anna Paterson|||||
|Principal advisers|||||||||
|Investment|managers:|||Sarasin
ik Partners
LLP|||||
|||||3uxon House|||||
|||||100St Paul's Churchyard|||||
|||||London
EC4M BBU|||||
|||||Swiss Life Asset Managers||UK Ltd|||
|||||55 Wells Street|||||
|||||London
W1T 3PT|||||
|||||MBG Investments|||||
|||||10 Fenchurch
Avenue|||||
|||||London
EC3M 5AG|||||
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##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||||||Note|Total Funds|Total Funds|
|||||||E|E|
|Net Cash Provided
by (used in) Operating|Activities||||A|(425,867)|(54i4,371)|
|Cash flows from investing
activities||||||||
|Dividends,
interest and rents from Investments||||||566,383|413,369|
|Movement
in Investment
Manager's
Cash||||||(89)|1,827|
|Proceeds from sale of Investments|||||||372,291|
|Net proceeds
from sale of investment
property
Purchase of investments||||||6,121,002
~6262 118|~402,423|
|Net cash provided
by (used in) investing|activities|||||526 178|386064|
|Change
in cash and cash equivalents
in the||reporting|period|||100,311|(158,307)|
|0
h
d
h ql
I
t
tth
hgl
Ig
1th||0 diag||Id|8|368448|526755|
|Cash and cash equivalents
at the end of|the|reporting||period|8|468,759|368,448|
|A. Reconciliation
of net income/(expenditure)||to net|cash flow||from operating
activities|||
|||||||2022|2021|
|||||||E|E|
|Net income/(expenditure)
for the reporting||period||||||
|(as per statement
of financial
adivities)||||||(2,132,648)|855,815|
|(Gains)/Losses
on Investments||||||2,282,113|(978,735)|
|Dividends,
Interest and rent from Investments
(Increase)/decrease
in debtors
Increase/(decrease)
in creditors||||||(576,920)
1,673
~85|(422,068)
2,155
(1,538)|
|Net cash provided
by (used in) operating|activities|||||(425,867)|(544,371)|
|B. Analysis ofchanges
in net funds||||At 01/01/2022||Cashfiowa|At 31/12/2022|
|||||E||E|E|
|Cash at bank||||368'148||1110311|468 758|
##
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##
|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||I|I|
|Rental|Income|||||||
|Investment||Income||||576,712|422,041|
|Interest|Receivable|||||208|27|
|||||||576,920|422,068|
|RAISING FUNDS||||||||
|||||||2022|2021|
|||||||6|I|
|Investment||Managers|Fees||||70|
|Investment||Property|Costs —Insurance,|Repair|86 Renewals|5,677|122,334|
|Support|Costs (Note||6)||||6060|
|||||||5,677|128,454|
##
##
##
##
|RITABLE ACT|IV|IT|IE|S|||||
|---|---|---|---|---|---|---|---|---|
||||||||Total|Total|
||||||||2022|2021|
||||||||E|E|
|Grant-making|||||||||
|Annual
Award|to|Individuals|||||140,400|147,525|
|Grants
— Individuals|||||||67,708|71,230|
|- Organisations||||(Note Sa)|||152,791|146 129|
||||||||360,899|364 884|
|Staff Costs|||||||43,058|37,890|
|Other Costs|||||||1,763|1,314|
|Support Costs|(Note||6)||||29 882|19971|
||||||||74,703|69 176|
|Total Charitable||Activities|||||435,602|6(24,059|
|rants awarded|to|organisations|||are shown|below:|||
||||||||2022|2021|
|Organisatlon|||||||E|E|
|Akash Residents'||Association|||||4,800||
|Age UK City of|London||||||10,000||
|Age UK East London||||||||10,000|
|C4WS Homeless||Project||||||1,000|
|Citizen Advice Camden|||||||10,000||
|CCIWBS||||||||9,500|
|Coram's
Fields|||||||20,033|1'l,544|
|Fitzrovia
Community|||Centre||||4,932|800|
|Holborn
Community|||Association||||15,000|20,000|
|Interock|||||||3,500||
|KCBNA|||||||20,000|13,240|
|Kids —Home Learning||||Support|||11,200|15,782|
|Mary Ward Legal||Centre||||||21,323|
|Mental
Flight
Club|||||||4,800||
|October Gallery||||||||10,000|
|Only Connect||||||||15,000|
|St George the|Martyr||School|||||5,005|
|St Mungo's|||||||20,000|6,935|
|Street Storage||||||||3,000|
|Thomas Coram|Nursery|||School|||4,820||
|WomenOthewell||Project|||||16,500||
|YMCA|||||||7,206||
||||||||152,791|146,129|
##
##
##
|(b) Reconciliation|of Gran|ts Payable|||
|---|---|---|---|---|
||||2022|2021|
|Organisation|||E|E|
|Commitment|at 1 3anuary||2,435|6,045|
|Commitments
made
in year (above)
Grants
paid during the year|||360,899
~369,262|364,884
~366,494|
|Commitments|at 31|December|3,582|2,435|
|Creditors due|within|one year (Note 11)|3,582|2,435|
|SUPPORT COSTS|||||
||||2022|2021|
||||E|E|
|Staff Costs|||12,946|10,579|
|Administration
Cost Recharge|||10,025|7,680|
|Insurance|||222|1,480|
|Sundry
Expenses|||337|162|
|Governance|Costs||6,352|6,120|
||||29,882|26,021|
##
##
|F COS|TS|||
|---|---|---|---|
|||2022|2021|
|||E|E|
|Salaries||46,626|40,237|
|Social Security||5,082|'i,208|
|Pension|Contributions|4,296|4 624|
|||56,004|48,469|
##
##
##
##
##
|TMENT PROPERTY|||
|---|---|---|
||2022|2021|
|Investment
Property at Market Value|E|E|
|At 1January
2022
Disposal|5,750,000
~5750,000|5,750,000|
|At 31 December 2022||5,750,000|
|Cost of Property||6,000|
##
|vestm
:|ent
Property
w|as sol|d durin|g the year. The procee|ds of sale and gain on disposal|was as|
|---|---|---|---|---|---|---|
||||||E||
|Sales|Proceeds||||6,250,000||
|Carrying
Value
Legal
82 Professional||Fees|||(5,750,000)
~128998||
|Realised
gain on disposal|||||371,002||
|ED INVESTMENTS|||||||
||||||2022|2021|
||||||E|E|
|(a)|Quoted Investments||at Market Value||17,681,255|14,173,252|
||Cash with Investment||Managers||90|1|
||Total Investments||||17,681,345|14,173,253|
|(b)|Movement
in Investments||||||
||Market value as|at 1|January|2022|14,173,252|13,165,385|
||Additions||||6,161,118|401,423|
||Disposals|||||(372,291)|
||Investment|||— Realised||808|
||gains/(losses)||||||
|||||- Unreallsed|(2,653,115)|977,927|
||Market value at|31 December 2022|||17,681,255|14,173,252|
||Cost at 31 December||2022||19,107,565|12,946,446|
##
|Investments
with m|ore than 5%of market value, wh|ich are considered
to be materia|l.|
|---|---|---|---|
|||0/0 of||
|Security||Portfolio||
|Sarasin Endowment|Funds|67.7|11,976,567|
|Property
Income Trust for Charities||17.8|3,149,640|
|MikG Charifund||14.5|2,555,048|
##
##
##
##
|Prepayments|84 Other|Debtors|
|---|---|---|
|Investment|Income Receivable||
|Parish Estates Charity|||
|Bromfleld's|Educational|Foundation|
##
|St Andrew|Holborn|Trading||
|---|---|---|---|
|St Andrew|Holborn|Church|Foundation|
|Accruals
86|Deferred|Income||
|Grants Payable (Note Sb)||||
|2022|2021||
|---|---|---|
|I|E||
|8||745|
|21,685|11,148||
|1,428|2,215||
|||149|
|23,121|14,257||
|2022|2021||
|I|I||
|81|21||
|17|210||
|6,822|7,921||
|3,582|2,435||
|10,502|10,587||
##
||||Balance at|Income|Expenditure|Balance at|
|---|---|---|---|---|---|---|
||||01/01/2022|||31/12/2022|
||||I|||I|
|St Giles in the Fields and|||||||
|Bloomsbury|United|Charity|1,241|2,982l|(1,874)|2,351|
|St Pancras|Welfare|Trust|125|3,575|(3,575)|125|
|3VB||||3,000|(3,000)||
|Westminster
Other|Almshouses||1,366|700
700
10 959|(700)
~700
~9849|2 476|
||||Balance at|Income|Expenditure|Balance at|
||||01/01/2021|||31/12/2021|
||||I|||I|
|St Giles in the Fields and|||||||
|Bloomsbury|United|Charity|461|2,950|(2,170)|1,241|
|St Pancras|Welfare|Trust|125|2,300
780|(2,300)
~780|125|
||||586|6,030|5,250|1,366|
##
##
##
##
##
|OWMENT
FU|NDS||||
|---|---|---|---|---|
|||Permanent|Expendable|Total|
|||E|E|E|
|Balance at 1January
2022||11,556,153|4,469,272|16,025,'l25|
|Net Movement|in Funds|(1,227,544)|(563,363)|(1,790,907)|
|Transfer|||||
|Balance at 31|December 2022|10,328,609|3,905,909|14,234,518|
|Balance at 1January 2021||11,154,399|4,160,022|15,314,421|
|Net Movement|in Funds|401,754|309,250|711,004|
|Transfer|||||
|Balance at 31|December 2021|11,556,153|4,469,272|16,025,425|
##
|ESTRICTED|FUNDS||||
|---|---|---|---|---|
|||General|Designated|Total|
|||E|E|E|
|Balance at 1January
2022||4,268,580||4,268,580|
|Net Movement|in Funds|(342,851)||(342,851)|
|Transfer|||||
|Balance at 31|December 2022|3,925,729||3,925,729|
|Balance at 1January 2021||4,049,549|75,000|4,124,549|
|Net Movement|in Funds|144,031||144,031|
|Transfer||75 QOO|75000||
|Balance at 31|December 2021|4,268,580||4,268,580|
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