Registered Charity No. 1139712 THE CHARTERED INSTITUTE FOR SECUIUTIES & INVESTMENT EDUCATIONAL TRUST REPORT IIND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 THE CHARTERED INSTrruTE FOR SECURrriES & INVESTMENT EDUCATIONAL TRUST REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 CONTEIYTS Page Administratlve Informallon Trustee59 Report Statement of Trn$tees' Responsibilities Independent Examiners Report Statement of Financial Activities Balance Sheet Statement of Cash Flows io ]Yotes to the Financivdl Statements Page J THE CHARTERED IIYSTITUTE FOR SECURrriES & INVESTMENT EDUCATIOIYAL TRUST ADMINISTRATIVE INFORMATION SECRETARY: Sally Plan¢ JIM Wln¢ers wa5 Secretary up to July 2022 CHARITY NUMBER: 1139712 PRINCIPAL ADDRESS.. 20 Fenchurch Streei Lolldon EC3M 3BY BANKERS: Bank of Scotland 38 St Andrvx Square Edinburgh EH2 2YR INDEPENDELYT EK4MINER: Tina Allison FCCA Crow¢ U.K. LLP 55 Ludgate Hill London EC4M 7JW Page 2 THE CHARTERED INSTITUTE FOR SECURITIES & INVESTMENT EDUCATIONAL TRUST TRUSTEES, REPORT The Trusiees present their report and f]naDcial statements for the year ended 31 D¢¢ember 2022. Th¢ f￿￿141 statements hav¢ been prepared in accordance with tbe accouniing policies set out in the wtes to the acwuots and comply with th¢ charity's governing document, the CharitiesAci 2011 and A￿OUntiftg and Reporting bycharitics.. Statem¢nl of Recornmended Practice applicable to charities preparing their accounts in a￿rdance with th¢ Financial R¢porting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. STRucfuRE, GOVERNANCE & MANAGEMEI¥T ConstAtstion & Objects The Chartered Instiwte for Securities & Invesknent Educational Trust is eongtituted as all utiillcorporated clmrity by a Declaration of Tnjsi dated 12 October 2010, with the obj'ect of promoting for the public benefit the advancement and di￿eminatIOn of knowledge in the fi¢ld of securities 2nd investlnent. The Trust is registered with the Ctwity Commission. r¢gi$tration number 1139712. Trustees The following individuals all served as Trustecs througbout the period, unless otherwise statod: Frank Moxon. FCSI (Hon) Andrew Porter, Cbartered FCSI Jamtt8 Sullivan Michael Coulon Su8an Travers, C1jarter￿ FC31 Susan Wyight, Chart¢T¢d MCSI Cynthia Poole. Chartered MCSI Chartered In$titste for S¢¢urities & Investment, trpresented by: Clair Mill$ The Trust¢¢% m¢¢t a% necessary. bui at leL8t once a year, to r￿l¢W and control the TTUSt'8 affairs. New TTUSt¢es are appoint¢d by the TTUSttt Board. REVTEW OF FINANCIAL posrrIoN During the year, donatioL$ received totalled £275.000 {2021.. £250,000) which catne from The Chartered Institute for Securities & Investrnent. A total of £150,968 was speni during the year. Balances carried forward at 31 Dec¢M￿r 2022 amount¢d to £1,385.343. The Tn]SLees continued to develop plans for the use of funds and a strategy paperhas been pr(yJuced. The followin8 is a summary of the key activities that tCM)k place duTing 2022.. SpDnsDred te3Jtbine amd learnlng post The Twst continued to support on¢ full-titne and one part-time Teachin8 and Leaming Specialisl IK)th based at the CISI oifices. The roles support parttler Sch￿1$ and universities in their deliyery of CISI qualifications through leaching wqioThs, revision cl&sses, by trainin8 schoolteachers and university lecrnrers to deliver CISI programme8 and through managing school and uniyersity relationships. They have also cfvordinated and delivered several online edu¢atioD programmes tsrgeting I￿18-year-Old srndents from state Sch￿15 in Livewl. London. the Mid]8nd8 and Northern Ireland. Poge 3 THE CHARTERED INSTTTUTE FOR SECURrriES & INVESTMENT EDUCATIONAL TRUST Sponsored Te4¢hlng Post The Trnst continued to spon8OT a teaching post at Calderstones School in Livewl. The qualification CU￿¢n￿Y being delivered is the CISI Level 2 Fundamentalts of Financial Services. The smdents have benefited froin strong links with I￿al industry. Students participating in the variouy education progratnmes being offered by the Trust {includitig in Liverpool) havebeen participating in fundedernployability workshops facilitsted by The T￿ent Foundry. P8rtnershlps This year th¢ trust has pBrtrered with other charities helping young people acce&s opporninities. The Talent Foundry aim$ to in¢reos¢ social mobility by working with som¢ of the Most cballenged schcM)Is in the cowity. Young Ente￿riSe empow•¥ young people aged 15-19 to set up and run & busine&s for an academic year. FUTURE ACTIVITIES EducatAoDal Trn8t Awards The Trust continued to support the Educational Trnsl Awards, celebrating high academic and personal standards amongst po$tgTaduate and urtdergraduate students sbjdytng on CISI accredited cours¢* at partner universities across the UK. Th¢ winning top undergrdduate and postgraduate stydents plus runnws up received an additional award and were invited to the CISI Amiual Awards Cerejnony. A tots] of £27,000 was awarded kn students. The Educational Trust Awards will run again in 2023 with partneruniversities nominating students who will then write an essay on a topic of current int¢rest. The Educational Tnjst Awards WAII be offeredglobally for 2023, with additional pnze money ￿ be awarded to winners and rurner ups. The Trust Continues to offer regional education programmes to 16-18-year-old students to develop the knowledge and skills 01yo￿BPCOPle and differentiate those looking to start th¢ircare¢rin finan¢ial services titl￿ on leaving 5Gh(rf)l or wiiver8ity. tn 2023, we plan to onboard 10 aojbassadors frotn 6 of our parther unive￿Ities. The objecuve of this paid role is to provide a conts¢t on the ground and to promote CISI qualifications amongst s￿dentS to encourage more to take qualificatlons. There i$ also a sub objective of relationship buildin8 with the patheruniversiti68 and offering more e5s points to the profession for young pei)ple. If succe&8ful, we plan io roll this out with up to of ow uuiv¢rsitle5 in thc academic year 2023-24. Page 4 THE CHARTERED INSTITUTE FOR SECURITIES & INVESTLIIENT EDUCATIONAL TRUST TRUSTEES? REPORT (CONTINUED) PUBLIC BEL¥EFIT The Trllstees confirm that they have referred to the guidance contained in the Charity Commi$sion's general guidance on public bgjefit FAien reviewitig the Trnst's Aims and objectives and in planning fu￿re activities. RESERVES POLICY All the current funds of the charity which amount io £1.385,343 {2021'. £1,319.713) are considered to be restricted fund& Since the charity'smain activities are dependent on a siugle ¥ource ofdonatioll%, which ig llot8ssure& the TTUSteei feel thaL at this slage in the life of the charity, a significant reserves buffer is requiTed to enable them to make longer ierni plans. As the %ope of the a¢tiviti¢s b¢ciw tllQTe clearly defineilities seriously and aims to have a governance framework that is fit for purp)se, cornplianl and elTicient. TTUStces aTC PTovided with information on theirduties and respotL8ibilities under th¢ Charity Governance Code and &imilarpieres of guidance and legislation. Page 5 TItE CHARTERED INSTrruTE FOR SECURITIES & INVESTMENT EDUCATIOIYAL TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES The TNstees are responsible for pr¢pariDg the Tru5tees' Annual Report and the fina￿lla1 statements iti accordance with applicable law and United Kingdom Generally Accepted Accounting Pwtice (UT]i*d Kingdom Accouttting Standards). The law applicable to charities in England and Wales Tequires th¢ TTUSt¢¢¥ ¢0 prepare fllW)cial ststements for eac rinancial year whi¢h give a tNe and tair view of the 8tai¢ of affairs of the Cltsrity and of the incoming re￿UrceS and application of resour¢o4 of the chariry for dmt peri(d. In preparing these r]nancial statements, the Trustees are required to: A¢leet ￿ltsbIe aceA)unting policies and then apply them ¢(Trnsi¥t¢lltly' observe the methods attd principles in the ChaTitie$ SORP; make judgments and ¢stirnates that are reasollable and pn￿ent. 8t&te wh¢ther8ppli¢abk ac¢ountillg stsndardshavebeen followed. subi¢et to any materlal depamres disclosed and ¢xplain¢d in the f]naDchal statements., prepar¢ the financial ststements on the goin¥ concem basis Uttte￿ it is inappropriate to presume that the charity will continue in busine&s. The Trustees ￿ responsible for keeping adequate ac¢ouniing r￿OrdS that ar¢ suificiefti to show and explain the charity's transaclions, disclose with reasonable accurdcyat any tune the luwi¢ial position of the charity andenable them to ensur¢ that th¢ f￿￿￿la1 statements comply with the Charits¢s Act 2011. the Ctlarities IA¢¢ounts and Reports) Regulations 2008 and the provisions of the charity's constitulion. They also responsible for safeguarding the &sset$ of the ¢harity and hence for taking r¢&sonabk steps for the prevention and detection of fraud and other iTregularities. Approved by ihe Trustees on 28 July 2023 and signed on their behalf by Chv4rter¢d FCSI(Hon) P¢7ge 6 THE CHARTERED INSTtTvfE FOR SECURITIES & INVESTMENT EDUCATIONAL TRUST Independent examiner's report to the trustees of The CbArtered In$tltute for Securities and Investment Edueailonal Trngt I report to the tsvs*es on my examinati¢)n of th¢ a¢wuDts of Thc Chartered Insti￿te for SecurAtics ard Invcstthent FAlu￿tional Trnst (the Tn￿t) for the year ¢lld¢d 31 Dccember 2022. whi¢h are set out on pages 8 to 15. This report is mad¢ solely to the charity's as a b¢xly. in a￿ordanCe with section 154 of the Charities Act 2011. My illikp¢ndell¢ ¢xatuiner's w￿k has been uodertsken so that I might state to the charity's tsustees those matters J am required to statE to them in an independent exaMi￿r,$ report alld for no otherpurpose. To the fvllest ¢xt¢llt pennitted by law. I do noi accept ¢x assume r¢sponsibility to anyone other than the Charity, the charity's m¢rnb¢rs as a body aTLd the cljarity's trnstee6 as a body forrny indepeDdent examiner's wott for this report, or for th¢ ¢)piJllons I have fom)ed. ResponsIbi]iti￿ aDd b4Ji• fjf report As tbe charkry trusiees of the Tn￿ you are r¢swTrnsible for the preparntion of the acLX)unts in a￿ordanCe with the requirements of the Charities Act 2011 ('the Act,). I report iti resptti of my examination of the T￿st,& accounts carried out undtr section 145 of the 2011 Act and in a￿]ng out my examI￿tIon1 have followed all the applicable Dire¢tioLs given by tbe Clwity Commission under $￿tIOn 145{5)(b) of the Act. Independent examiner's Statement I have completed my examination. I coDf]mJ that no material matters have Come to my attention in coDnectLon with the exajnination giving m¢ Ca￿￿ to believe that in any material Tespect.. ¢ountAng records were not kept in respect of the Trnsi as requiRd by section 130 of the Acl" or 2. the accounts do not accord with those records: or 3. the x¢ounts do not comply with the applicable requirements concerning the forn) and content of a￿oUnts set out in the Charities (Accounts and Reports) Regulatio￿ 2008 other than any rrypir¢m¢nt that the a¢￿ulltsgIVe a'trueand faiTview which isttotamattero)nsidered aspartof anithpend¢nt¢xaminati(fft. I have no concems and have come ￿rO$S no other matter% in c(mnection with the examination to which attention should be drhvm ill this report in order to enable a proper uttderstandAn8 of the accounts to be re￿hell Tina Allison FCCA Chartered Accoulltani Crowe U.K. LLP 55 Ludgate Hill I￿ndOn EC4M 7JW 21 August 2023 Page 7 THE CHARTERED INSTITUTE FOR SECUIUTIES & INVESTMENT EDUCATIONAL TRUST STATEMENT OF FINANCIAL ACTIVITIES Year ended 31 December 2022 Restrieted Funds 2022 Regtrieted Fundi 2021 L¥ote INCOME Donations Investment iDwm¢ 275,000 1,806 250,000 7,131 TOTAL INCOME 276,806 257,131 EXPENDITURE Charitsble activities 159,368 213.928 TOTAI, EXPENDITURE 159,368 213,928 IYe¢ Investmen¢ 0055e5) I gaiti% (60,208) 69,630 NET INCOME 57,230 112.834 RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD ,319,713 1,206,879 TOTAL FUNDS CARRIED FORWARD 1,376,943 1.319,713 All i￿Ome and ex￿diD)re in 2022 was through rsstri¢t¢d fuThJs. The M)t¢s on Pages l I to 15 forn) part of these fmancial ststements Page 8 THE CHARTERED INSTITUTE FOR SECURITIES & INVESTMENT EDUCATIONAL TRUST BALANCE SHEET As Ydt 31 December 2022 Notes 2022 2021 FIXED ASSETS Investnjcnts 567.412 625.814 CURRFNT ASSETS Bank and deposit balances Debtors 820,331 696.299 820,331 696299 CREDrroRS: amounts falling due within one year Accrned expenses (10,800) {2,400) IYET CURREI¥T ASSETS 809,531 693,899 TOTAL NET ASSETS 1,376,943 1,319,713 FUNDS OF THE CHARrrY Keslricted fjjnds 1,376,943 lJ19.713 1,376.943 1,319,713 Theye financial statements were approved and authorised for issue by th¢ Board of Trnstees on 28 July2023 Signed on behalf of the B¢)ard of Tnjstees.. oxo red FCSI (Hon) TriLs¢ The notes on Pages I I to 15 forni part of these f￿anCIal statements Page 9 THE CHARTERED INSTITirrE FOR SECURITIES & INVESTMENT EDUCATIONAL TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022 Tothl fun&4 Prior year funds Note Cash from *rtlvltles: Net cash provided by op¢rntirtg activities 124.032 36.072 Cash flows from Investlng aedvltles Dividends attd interest and rents from inve8tm¢nts Purchase of investmellts, at cost Net t8sh provided by lllvestlng aetivities 1,806 (1,806) 7,131 (7.131} Change in cash and cash equivalents in the T¢￿rtIng perityj 124.032 36,072 C&8h and Cash equivalenis ai the beginning of th¢ reporting p¢riod 696299 660,227 Cash and cash e4lllvAltnts at the end of the rtptsrting period 820,331 696,299 Page 10 THE CHARTERED INSTITUTE FOR SECUIUTIES & INVESTMENT EDUCATIONAL TRUST NOTES TO THE FIIYANCIAL STATEMENrs YEAR ENDED 31 DECEMBER 2022 CHARtTY ll¥FORMATION The chatily i¥ unincorporated and r¢gisier¢A with the ChaTity Commi*8ion number 1139712, whtch is r¢gistered in England and is a public benefit entity. The address of the regi5ter¢d 0ffic¢ is 20 F¢nchur¢h Street. London, EC3M 3BY. ACCOUNTING POLICIES The principal a¢counling policies adopted and critical areas of judgerncnts are as follows.. a) Basts of Preparatlon The a￿o￿lts {ru￿￿¢1a1 sthtements) have been prepared in accordance with the Charities SORP IFRS102) atvlicable to charilies preparing their awount8 in a￿Ordance with FRS102 the Financial Reporting Standard applicable im the UK and Republic of Ireland and the Charities Act 2011 and UK G¢nerally Accepted Prnctice. The x¢ounts (r￿￿Kial statements) have been prepaT¢d to give a 'true atsd fair. view attd have departed from ihe ChaTiti&g (Accounts alld RepoTts) Regulations 2W8 only to the exteni required to provide a 'lrne and fair view.. Thi5 dwarture has involved following tbe Statement of Recommended Practice applicable tt> charities preparing their accounts in accordance with the Financial Rep)rting Standard applicabl¢ in th¢ UK aud R¢publi¢ of Ireland (FRS 102) issued on 16 July 2014 rdthEr than the previous Statement of Recommended Practice: Accounting and Reporting by Ch8rities which was effKtive from l April 2005 but which has since been withdrawn. Assets and liabilitiey are initially recognised at historical ¢os¢ or traDsaetion value unleyiF otheNise sta*d ill the relevarlt accounting EKbli¢y note. The Chartered Institute for Securities & Investments E.ducatioJtsl Trnst meets the defit]ition of a public benefit entity under FRS 102. After making enquires, th¢ trustees have a reasotthle expectation that th¢ charity ha% adquate resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt the going concem b&8iq in preparing the a¢¢ount8. The Trustees are satisfied that processes are in place to identify, report and remedy any sustsined lows, and there are significant reserves aDd available cash that can bc utilised if quired. The Trnst¢&s will ¢ontinue to miew this position regularly. b) FunetAonaVpresentational ¢urren¢y The funciional curm]¢y of Th¢ Ciwtered Irtstitu￿ for SLxuritie8 & Investsn¢nts Edu¢ational Trngt is considered io be in pounds sterling because that is the currency of the PTirnary economic ellvironmellt in which the chariry operates. c) Voluttt*ry IDeome Donations, grants and other income are accountd foron a T¢ceivable basis. d) Inv¢s¢ment Income Investment inwme is for on an accrnals basis wh¢n ¢h¢ amount can be Tneasured reliably by tbe charity this is nonDallyuw)n notification of ihe interest received orr¢¢¢ivable from the Investhientmanager Pagell THE CHARTERED INSTITUTE FOR SECURITIES & INVESTMENT EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 ¢) Charltable Acdvlties The accrnals basis of accounting 1$ uscd for expendittur. trrecoveTable VAT is ineluded with the item of expense lo which it relat¢& ContsiD¢d within clwithble activities are all cosi$ which are dir￿tlY attributsble to the objects of the cFLarity. Grant5 awarded atrj other expenses are recognised when a constNctive or legal obligation lo the recipient has b¢¢n ¢Teated by the ¢h8riiy. Governance costs cotnprise the costs of sthtutory compliance. including legal advi¢¢. independent examination fe¢$ and the costs of preparing the stalutory ac¢ounts. Funds Unrestricted f￿d$ are funds whi¢h are available for use at the discTelion of the Trus￿$ in further3n¢e of th¢ ¥enerdl objeciives of the Charity ond which have notbeen designa*d for other purposes. R¢5tricted funds are subject to Sp￿lf1¢ re$tri¢tions imposed by the doJK)rs. Th¢se fimds are accounted for ¥epara*ly and are only availabl¢ to be Used for the specific purpos¢s for which they were given. InV￿lMent income and all eX￿d1￿jr¢ are #llocated to the appropriate fund. g) St4ff #nd pensloD Costs All those who WOTk for th¢TNst have joint wntracts of employment with Chartered tnstitute for Securities & Investme])t. The costs oltheir ¢TnploymeTLI are chargEd to the 1.rust by Cbartered Institute for Securities & Investment to reflect the lim¢ spent gn the Twst's activities. Chart¢red Institute fr)r SeGurities & Inve￿t￿ent contyibuies fixed percentag¢ rJt¢s of Salary. according lo age, to an Employees, Personal P¢u&ion Scheme and has no further liability for the Schern¢. which is administered on behalf of Clwtered lllstitute for Seeuriiies & Investment's employ¢¢5 by an indE￿dent n)anagcr. h) lttvestments Investmenty are a fom) ofba5i¢ fmancial illstrument and are inilially r¢c4)gnised at tbeir transaction value and subs"equenily measured at their fair value a5 at the ba]an¢e sh￿1 date using the closing quoted Market pri¢¢. The siaiement of financial activiti¢5 iDoludes the net gains and losses arising on reyaluation and dI￿05alS throughout the year. All gvains and losses are taken to th¢ Ststement of Financial Activities as they arise. Realised gains and osses on inveslments ore cai¢ulat¢d as tbe differeTJ¢e between sales procteds and their opening canyins value or their purchase value if awuired subsequent to the fjrst day of the financial year. Unrealised gains and lo&ses are calculated as the diff¢rence between the fajr value ai the yeaT end and their carrying value or cost if purchased in th¢ year. Reali5cd and unrealised investment gaitts and losses are combined in the Ststen￿nI of Finan¢ial Activitie5. Finallelal Instruments The Charity has fman¢ial assets and f￿ancIal liabilitieq of a kind that qualify as basic financial instrnments. Basic fJnan¢ial instnJm¢nts are initially recognised at tra￿sactiOn value and subsequenily measured al amortised cost. Financial assets held at amoriis¢d ¢ost comprise cash at baDk and in hand. Financial liabililies held ai amortised cost compribe the a¢crnals and other creditors. No di￿(1)nting h&8 been applied to these rUw￿la1 instruments on the b&*is that the pcriimls over which amounts will be settlcd are such that any discounting would be inunaterial. Page 12 THE CHARTERED INSTITUTE FOR SECURITIES & INVESTMENT EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 j) Critical acco￿TrI1￿g Judg¢Jn¢nts 4nd key sour¢¢s Of estlm4tSon uneertainty tn the application of the ¢harity'$ a¢¢ounting policiw, Trust¢¢s u¢ required to ￿ake jud¥etnents, estimates and assumplions atM)ut the ca￿Ing values of assds and liabiliti¢s that are nol r¢adkly apparent frotn other s¢)ur¢es. The estimates and underlying assumptions are based on historical experience aDd otherfactors that are relevant. Actual results may differ from these estitnatcs. The estitDales al￿ underlying assumption5 are reviewed on an on-going basis. Revisions to accounting estimates are iecognised ill the period in which the estimat¢ is revised if the revision affects only that period, or in the periixl of the reVI￿On and futUTe periods if the revision affecL% the current and future periods. In the view of the Tru$tees, no asswnptions Concerning the ￿tUre or estimation uncertainty atTecting 8&8ets and liabilities at the balance sheetdate are ]ikely to result in a materia] adjustment to their caThying amounts in the next fuhancial year. 3. CHARITABLE ACTIVITIFS 2022 21121 Sponsored leaching Training S¢holar8hips and awards Stsff ￿sts Partnerships Publications Other cosL Governanc¢ ¢ost¥ 16,200 300 31.645 102.777 4,320 15.000 625 20,600 127.427 42240 5.328 1,289 159 368 213 928 4. GOVERNANCE COSTS 2022 21121 Independent examiner's fees Trustees, expenses 2,460 2.340 2.460 2.340 No T￿￿te¢ received remuneration from the TnLSt during th¢ yew {2021'. none}. During the y¢ar no tnL￿t¢S4(2021.. none) were reimbursed for travel and subsistence expenKs &s not¢d above. Staff of th¢ Tru%t all have joint employment contracts with Chartered ID¥titute for Securitics & Investlllent. The costs of ytaff are borne by Chartered Institut¢ for Sxuriti¢s & Ir¢v¢stment r¢oharged Lo the T￿$( rnonthly. Staff costs repregeDi three employees who W0￿¢d diwtly on th¢ a¢liviti¢s of Lh¢ Trust durin8 the year. kncluded in staff costs are ¢ontnTrJutions to a defined contribution pensi¢)n scheme. Page 13 THE CHARTERED INSTITUTE FOR SECURITIES & INVESTMENT EDUCATIONAL TRUST NOTES TO THE FINATr4CIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 FIXED ASSETS 2022 21121 Balan¢¢ at market value at start of reporting period Reinvesied in¢om¢ Unrealised (loss) I gain 625,814 1,806 (60,208} 549,053 7,131 69.630 Balance at market Vah￿ at end of Teporting period 567 412 The investments 3bov¢ comprtse 215,(K)5 units in the SaTasin ￿pha CIF for Endowments and 1.427 uniis in the CCLA COIF investment fund and are listed at market value at the y¢ar end. RESTIUCTED FUNDS Balance at 01-Jan 21122 lllyestment gains B4lAn¢e #t 31-Do¢ 2022 Ineom¢ Expenditure SCHOLARSHIP FtJNDS Jonathan Tinjms Memorial Fund Siephen Cooke Memorial Fund Andrew Winckler I Euroclear ￿1ze Fund Hoare Nairne Scholarship Fund CISI DONATED FUNDS TOTAL 1,092 (I,O(M)) 92 502 502 1,488 1,488 90,661 90,661 1,225,970 1,319.713 276.806 276,806 {60.208) {60,208} (158,368) (159,368) 1284,200 1.376,943 The Steph¢n Cooke Memorial Scbolarship Fund was ¢stsblished during 1997198 with the purpose of using the fiLn Net cash provided by operaiing acts'vili¢s 124.032 36.073 ANALYSIS OF CASH ALYD CASH EQUIVALENTS 21122 2021 Cash in hathd Notice deposits (le￿ than 3 months) 820,331 696299 Total ¢&sh alld cath equivalents 820331 696,299 REI.ATED PARTY TRANSACTIONS Oth¢r than the donation from CISI, theTe were no r¢lat¢d party trallsa¢tions within th¢ r¢porting period. Poge 15