R¢gistered numb•r: 08141664 Charity number. 1148976 The Lord Mayoes Appeal (A company limlted by guarante•) Trustees. report and financlal ststements For the year ended 30 Novembor 2023
Tho Lord Mayorfs App•al {A company limlted by guarantee) Contents Page R•f•r•nc8 and admlnlstrallve detslls of tho Charity. its Trustees and advls•rs Trwtoes. report 2-10 Independent audliors, r•port on th• financial sttem8nts Consolldat•d statemont of financlal actlvitlo5 16 Consolidated balance sheet 17 Charlty balance sheet 18 Conolid•ted staternnt of cash 19 Notes tr> the financlal Statements 20-36
The Lord Mayorfs Appeal (A company Ilmlted by guarante•) R•fernnce and adminlstrathi• detalls of th• Chatity. 113 Truthe# and advl8•rs For the year ended 30 Nov•mber 2023 Aklern Prkn Mthael Manell . Lord Mayor 2023r24, Chair for 2022r23 Jpeal star Akn Nthfas Lyons- Lord Mawx 2022r2023. Chairlor 2021122 appeal year Aklefftian Hak Dr Zainab Khan knan Alastair ng {appoinled 7 December 2022) LKlia B0Zhevoln (apF4inted 13 February 2023} Susan Langky (appinted 1 January 2024) Tan9y Morgan {appoinl&1 1 December 20231 Alderman Vincont Keav- Lord Majftx 2021r2022, Chair for 2020r21 app8al year (resigned 31 Dernber 2023) Ahknan Sir Willkam Russell - Lord Mas1)r 2019r2021. Chair for 2017118 aDDeal year {resKJned 7 Dber 2022) Kwina Ann RolnSon (resigned 7 Dember 2022) Dr Jcnna Akn {rnsign&l 15 March 2023) Company register8d number 0814%64 Charlty regl¥tered number 1148976 Reglstefed office The Mansw House Walbroc London EC4 8BH Indgpendent audltorn Kreston Reeves LLP charterts Accountsnts StatutoryALvJitor 2nd Floor 168 Shcieditch Street London E16R4 Barc* Bank Hc 27 Stho Squ¥e London W1D3QR P•Je 1
Th• Lord Mayorf# Appeal (A company Ilmltod by guarnnt••) Trusteos. report For the yr endod 30 Novemb•r 2023 The Iru$tee8 present their reF and accourts tsthe y ded 30 Nowthr 2023. The accounts ha been prepargd in ac£ordarte with the accounts'NJ pe4185 set out in note 2 to the atUnts and crynpty with The Lord MaJfj¢s Appears PAemorandum and Articles of Assockgtw)n. the Companies Act 20Cé and the Provtsic$ of the Statern of Recommended Prxtice (SORPI appIle to charities preparing thair acxounts n accordance with the Financial Reporting Standard aPpCable in the UK and Republi of Ireland IFRS 1021 (effective 1 January 2019). Our Strategy The purpose of TL as a separatdy irKxioor charitable c(Mry)ary is to PTo¥v4Je a aneftt basis for the long-stsTrJing app8als under the same name trhe Le Mayorfs Appea) for exh LoTrl Mayor of the Cty of London. This has enab TLMA to bro&len and encompass m(Tr than fvndraisiry, for example by defining longer running theffles in Proff1n9 philanthrcpy in the Cty of London and asscoated thought leadership topics, such as diversty and sc¢ial induGiOn. The oty'ective (rf the tIU5tees has been to contnue work undor the four pillars, Indu$ive. HeaKhy, Skilled and Fair. This strategy has devekged a mle1 whth generats a greater and more ¢onsi$tent level of support, thereby leading lo a greater impact on siety and c(xnmunit. As part of this strategy, the trustees of TLMA established an apped pre03rme to cxeate 'A Better City for Ar. As EII as net fur8 being raksed for the chosen charities, tIMs aimed to bring greaterf(vJs lo tho paCt by TLMA. The trustees ree that the OvarChIng strategy of A Better Cty ft>r Al underpinned by the four pillars eontinue over coming years. There is a plan to kK)k at this strategy 2025 ¢Mwards. The USP for TLKA is its to e¢thene busiwss, experts and not-for-proffts together to tackle issues, inspiring them developirYJ inibatives to demonstrate that VAI enab the 8Ctwrintervention to become mainstream. TLMA is focussed on gnabling a movement of change to CT8ate A Better City for AH through its thought leadership pr(qran¥nes and 5UPFth ol partner charities. gnd in so dng cree a legacy ts all those invofved. During 2023 TL delivered grouThJ breaking prcgrammes ry1h three charity partners.. NaIal Numeracy. MQ Mental Heatth Research and The Duke of Edinburgh's Award. It also Continu to devdcy their four thought 1gader5hip inibatNes- i¥%er ' l iduspjn - InthsN= )Il ai. This is Me- thkny pillar. We Can 8e- Ski115 pillar and City Giving 02y- Fair pwar. Publlc Ben•fft ststgment The trustees have pa due regard to guidance isSd by the Charity Commission in dd1Th9 TLMA'S acliwties. It has beneffted the public. business and emph)yees through its thought leadership programmes, P¢>ver of Inclusion and This is Me, We Can Be the hwh Profi City GiwfKJ Day. which draw5 attenlb)n to the philanthrcpy tsking place in the Cty, as weu as through its finarKial support and other support of this yearf8 benefrtting charities. Accordingty, the trustees consvJw tllat they have fulfilled their obligation under the Charities Ad 2011 in thi¥ resp8cL Page 2
The Mayoffs Appeal IA ¢omp•ny limlt•d by guarant•o) Trustett. report (cortlnu•d> For th• year ended 30 Novemb•r 2023 The BO• of Twstees demne$ the Strateg dired1 ol charity. It 81s9 agre85 all grants. Day to day operatw)ns are managed ty the Chief Executive in thse consuttabon with the Chairnan. whth durin9 the 2023 Each appeal year has related planning costs. not8tty personnel and mathth"ng. The tharity has incurred thwse costs for the TLMA 2024 ar4)eal year of the Mayoratty of AhJem)an Professor Mthael Mainelli which ccvnmen¢ed 10 N¢)vember 2023. Thes8 costs have been deferred in &wmpanyJng finanual StatnIS in order to match inc(Kne eywjsg, as as b&'ryJ treatwj on a basis nsISte[rt with e&h year. Trndlng Company The Lord marf$ Appeal Trading Lbmited was registergJ on 1 December 2018 arthj is VAT wisterpd. All trading Income from events, ffMbefShisp0n$orsh4> Can Be} 18 through the trading Lyjmpany. Net profft5 from the trading panY are covenarrt&J to the charity. Our Key Achlev•rnonts TLMA is Ic¢ussed on engaging in a Strateg 4Yaywith the tsJfFKK8te and buneSS tsjmmunty which has enabled this communty to supwt TLMA through donatnS a Ier period (three yearn), having more focus on impact and haviry more engagement wrth TLALA initsatNes. The on thi8 was to inerease both regular giwng and the scalé of gNing. The focus ha5 been cm cr&iting collaball$ corporates arrtl not.forroffts that tsckle, thrtsJgh vrdys of wothing, the issues of diversty and m8nlal health as well as a fc$ on increasing rporate and indNiduai tharilable athrty within the Cty. TLMA put on several successful fundraising events run lhrcgh its trading subsidiary. TLPA4 receNes donati¢ frcm most Livery trJmpani8S everyyear and receives rtdividual dOnaTh$ ad hoc exh ypar. power The PIA cl Inclusion inath1 aims to break xKietsl and x¥kptsee barriers. to h8lp eMpr and edwte organisalions to ceate indusrrfe and dprtrne cumures. In 2023 the straw for the Power of Inclusion eontinu&J to be &ial Mdjilty. There were three Power of InduOn wshopS held durry the 2023. They cthyred the folcmrng topts.. Social lIlty and the Costryofthng Crisis BuildirYJ EffBctNe Nelwos Beyond Hiring The were 3 Senior Leader Forum rnetings herd during the year. The Sen•)r Leader round tabb event haj been schedulod for S8Ptnberwas pOSty until 2024. Work continued on enca)uraging w)ple to sign up to the hub and make use ofthe resources. Work tsn encouraging corporates to be pwt of the Change Stwts Tegether story telling campa*Jn has been a main focus. Page 3
Tho Lord Mayorfs Apwl {A company Ilmltsd by guarants•) Trust•es' report Icontinuedl For the year afided 30 November 2023 Thk8 i8 Me is the mental h&atth canyign that wa5 a initiated by Barcw and has boen led by The Lord May$ Appeal for Se years. Its amn is to reduce thgma and dispel tt)e myths arouryj mentsl health in the wa¢e as well as raise awareness of wellbeing. This i8 Me to help ueate inclustve cultures wittiin organiSatnS so that empk)yees feel they can be c4)en and Tecognise and seek the support they need eartr before Teaching crisi5 wnt. The Mpan encourages organisatjons to share their employees, lived expenCeS atout mentsl heatth erthw vra bk)gs. VKleo or other nlUmS. EvenCe shows that StolIng is one of the most puwerful loots for behaviour thange. with organisatp)ns that are sharir@ stories making accelerated pr¢>3ress cc¥npared to those that are EKI sharing stories. As well as the storelling element of Thi8 is Me there is also the Green Rbbon Cwn and the Samari$ e48arniry tool Welbeing in th& W0P1ace. Pkase see bdow for a surmw clThis is Me 2023. 188 1018 Z14 200 82 L653 226 11 was a transrbonai yEar for This is Me. impacted by the k)ng4erm absence of a prtr3ramme manager. However, progress continued to be made wrth a new approath to Mental Heath Awaren week and a year round fuS on the Green Ribbon teing notable successes. Key Stats Over 27.CQO ne4¥ green ribbons distributed S1,OCQ new users of Weifoeing in the Workp18 An incrgase in acbve organisations frryn 560 to 635. Continued grcmAh in all regths. in partKJJlar Asia and Lornlon Gr(wrth in Wesl Midlands and ScotsrKI despite dtymant steeriryj groups suggests for InCreaseren¥ed ath'vity in 2024.
Thè Lord Mayo¥ Appeal {A company limlted ty guarantse) TnMte•s' weport {continued) For the year •nded 30 Novomb•r 2023 LITUREADY This programm8 VR8 rebranded from She Can Be to We Can Be in 2023. We Can Be is through the trading 8ubsidiary. The sixth We Can Be tc)k in Mar¢h 2023. As as Jvung from a number of sch(6 TLMA w(wked in partnersh¥> with yourvJ WCAn frc4n The Duke of E¢ntwTgh's A¥rdrd and Pla2B8 helping lo hange percept)ns, share skills and emp(yNgr young %w)men. Through this untque day the aim h8 to h thange the future for the next generation of young women. and the future for business by ShIng ung wcthell that the do)fs of the Cty are very muth tyen to them and they can have the sknlls lo do the job equdty. The event was a fulty wi person event aThJ took pce on Thursday 30 Mareh 2023 with 11 businesses and 12 school groLtps taking parL The event was sp)nsored by Evelyn Partrers artrd LGT Wealth ManagemenL Belc feedbad( the event from th& yuung before ". I fetlcorfdentth'" ". I hmtheskjlLs . . netdedtohM•'"" careerintheCty'- impart highlights. 76% hrnacarwln theiJtyif Page S
The Lord Mayorfs Appeal IA ¢omp4ry 11m1t by guarantse) Tntst•es' report (contlnuedl For the year ended 30 Novembw 2023 In a fair society everyone has the same owrtunrbes, regam1es$ of so¢ial dass. disabilty, race, gender, sexual orientstion or bjentity. As part of cmjr o)mmitment to create a fair sclety. Cty Grving Day is a unique event which unites business in Its Cty and teyond by celebratiNJ the positNe impa(X have fortheir charity partners and their communibes, through phiLonthropy and votunteering. City Giving Day toc4( place forthe 1Cth year 26th Septlber2O23. 571 wisatron5 wer8 register8d to tske part in Ctty Gmng Day 2023 another irKreasg ofthg prgvtous year and an estimat £550,000+ was raised for TLM4 and other tharib'es and communities grc4Jps. 'Cheapside Bu&ness Allignce were delvJhted to tske part in another brillianl City Gmng Day. The day is a fantastic opportunty for us to engage with c4Jr bun9$S cLYrmunty whilst promciing the great of our Cty Ambassadors. We fornvard to 20241" "City Gmng Day 1$ an OppinIty to draw the gan ther and hvJhligN the charitable work of the Iwery company." "Cty GTriing Day 2023 was once win a fantasts lFlunItyfor us to celebrate the ¢{UnTt$ in Wh we live and work!" Emmo Sh8nry, ESG, Indikwn & Pffjt Manager, Gallagh8r 'Cty Gmng Day makes a drflerence for our business by bringing all the taams together. It brings everyone into the oifKe for one day to raise money for ch. celebrate team buikling and raise awareness of the charities.. Rebecca Howei, Data Solutns, FKSelity Intemalional Page 6
The Lord Mayorfs App•al (A GornpAny limiled by guarnnleo) Trustoeg. report {conllnued) For the yoar end 30 November 2023 During 2023 TLK4 (y)ntinued to $POrt The Duke of Edinburgh'5 Award for a fourth w130%}. National Numefacy for a second year (30%). A charity partner MQ Mental H8atth ReseaTch13¢yh} was also brought on board. IIMITS The partnership with The Duke of Edinburgh's Award (DolE) auned to Support 10,IJLM) young pewe in London to start thr DofE and enabte 5th) DofE Leaders in LoTrJtM to receMf¥J training. SIre the pathershi) twan in 2020 DolE have Spd jusl over 10.000 young people and trained 992 JuIt w)lunteers. Funding also $UPFQrt&l 50 LnSed Organisations ¥h a funding package for expedrtion equipment TL fvnding le(1 the way in heIng t)oE to devekp a bthr. more effent model to delNer traning giwng them the opP?nity10 offer cour. The Parts$h4} witr DCE end at the end of November 2023. Our partnership wtrth National Numeracy is funding a new initiativ8-'Every Londoner Counts,. whh Wps Improve employabilty and financial indusion by supporting thousaTrJs of Londoners in greatest need to buikj onfKience. skills arKI posibve attFtud&s to bas numeracy thrDugh a network of 500 nthwrained Numeracy Champions. Within the'Every LorKloner Counts. initsative National Numeracy recnjit volunteer Numeracy Champions lo mentor adults yth ICM numerw. building c, enecring posjtive attitudes to maths. and introducing resources to improve LiJTrJoners' skill& The nunkn of Numeracy Champions traine¢J January 2022 is 1. The total number of leamers supported through Natwal NunaS C¢)nfKfence with Number8 workshops since the beginning of the partnership in 2022 is 532. Support frcffl The Lord Mayorfs ApFa in 2023 enabled N*iMal Numeracy to recnJrt further delNery partners to SUpprt Numerxy Champion work wrthin London, even me Londoners in need to get on better th numbers. MQ MQ Mental Heath Research is th8 onty UK charity that exdLwely invests in mgnlal health research. MQ work$ to crgate a wortd mental illness is undew5toJd, effectivetytreated, and ultimatety prevented. Our partnership wrth MQ is enabling several ne•V research progrnmThs from the mental health impact of the cost-of- INing crisis to the use of Mrtual realty in mental heamh therap. In partnership Oxford Unwersty. and the Wellcome Trus( we are supporting GALENQS. a Gk4)al Allrance for Living Evidence on anxiety, depression, and psychosis that aims to dgliver groundbreaking understanding of the mechanisffts involved in mental illness. This open resource should signrficanty speed up research priorrttsation in heahh on a gl¢)bal scale. Coupled with speciffc scientnlc research proiects on suicvJe. anxiety. and depressiL. MQ'$ th wll infomi policy and practice. ensuring the UK and the Cly are r• to support the most vulnerthfe in s. Page 7
The Lord PAayorfs Appul IA company limlted by guarants•) Trustees. report {contlnued) For th• y•ar ended 30 November 2023 Speuficaly, the 2023 Appeal wryl rawl a surF4us befNe the giving of grarts of £1,437,769. The total income was £2,835,539 less expenditu on taisirvj funds of £1,043.723. £333.947 of Charitab event costs and £20.100 of govemance CL. The grants made by the Boa of Trustees duriThJ the 2023 paMI during and afterthe year end were.. TLKA 2023 The Duke cl Edinburgh's Award National Numeracy MQ Mental Health Resoarch £320,OiY) £320.0 £320.000 Further grants wll be made to the above charitw dumg 2024 In respect of 2023. The final grants from 2023 have not Jet been pabl and payments from the disets•ry 10% for 2023 have not pt been paid. The final grants from 21Y22 Te a5 fdkMS.' The Duke of Edinburgh's Award £223,209 Nional NLTheracy £223.209 Plxe2Be £76,070 Ons £76.070 Payments from the discretionary 10% for 2022 were as folk. St Joseph's Hospice £23,602 London Irish ctre CarTrJon £23,602 Mansion House SthoLqrship Sch £17.205 Music Masters £30.O&J Flnanclal revlew TLM4 1$ a grant giwng charity. It has continued to be based in Guil¢Jhall. AS noted above. the fund5 raised for TLhn4 2023 before the grft9 of grants were £1,437,769 and the expenditure in¢urred before grant payments was £1,043,723 on raising funds, £329.828 of charrtable and suppcrt costs and £24,219 of governan costs. The totsl grants payth per the accfjunts ww8 £1.744.038. ReGer¥es polky It is presentty the policy of TL to buikl up a de3ignabJ reserve to deal the peaks of expenditure and troughs of income thrwah retaining the INer of £25.000 or 1.5% of the t sum raised lor eaGh year. Foll¢)wing the 2023 Appeal reseThes wll te £211.871. As at the year end, TLMA'S unrg5triGted funds of £875.253 cc¥npris•J of iwo elements: the designated header account fijnds as eXpIned above of £211.871 {the movement in the reserves are 5h¢ywn li note 16 of the accounts) and generaj funds of £663,382. The general funds be paJ out as grants in the subsequent financial year. TLM4 also had restricted th)natnS during the yEar but these have been used in ¥cordanee with the inslrudions ofthe donor5 and there rem&ns Tr) balan on restricted fvnds ai the year end. The nuwemenls in the reslricled reserves are shown in note 16 of the a£counts. Pflnclp•l risks and uncertalntles The charrty has no kJng4emi liabilities or othor finanoai corrThitmerrts. It has been abb to trIn actommodation forthe time being at no Cost and accordingty has no future lease commitment The Corporate Parthers PrngramnE that was put in pe in 2018 for the muniwear 4)peal ensures onqoing gmng from corporates. The thdlenge for The Lord Mayors Appeal is to build up the Corporate Partnership. The Trustees are sth'sfied that systwns are in pe to mitigate exrh)sure to major risks forth8 time being. Page 8
The Lord MayoVs Apwal (A ¢ompary limiled by guanl Trustees. report (ContInu) For the year ended 30 November 2023 Fundrahlng TLMA is registered wilh the Fundraising Regulator and ways remains committed to m89ting best practice fundraising standards al adhering to the Cc& of Fundrrising Practice and as such we foiltyw all relevant guideline5 arvj athce. Supporter5 and their ne8d$ are at the heart of our fundraising activitses. To protect and maintain the hh standards that we and the public e>pect. we ensure that prdes¥vJnd fundAsers adhere to our poliags and practices, th particular attenti paid to vulnerable pac9. The core of tsjr hjndraisiig rategy is delivered intemal by our team of professignal fundraisers and reL1)nshIp managers and frr)m twne to time we may wrth external consurtants, agencies and other profeSsnaL fundraising services to c0mp1effnt our fundrasing actsvty. We compty wrth all dats protection requirements under GDPR and PECR and wll reqsts for no further contact we recave directty or through the FuThJraising Preference Serv¢ce. Last year we received no compkints {2023.' none) related to ftThlraising directy lo TLMA and no complaints via the Fundraising Regulator. Plans for future p•rlods During 2024 TLMA has their work sd out above with the iniliakn. and wr8le partners. We currentty have 36 Corporate Partners signed up and our rnain focus 15 on nthv proSFects and seujring further corporate partne[5 either for this year or to tegin in 2025. We r¥ support of charities supported in 2023 and have added a rp4V charity partn&r, Homewards- A Royal Foundation Programme. During the 2nd ha of 2024 we wll confimi a new charity partner for 2025 whKh be aligngj with our strategy and pilar8. Our partnership 4Mth Nat•)nal Nuwxy wiil finish at the end of the 2024 app yew. StNcture¥ governance and management The governance ofTLMA rests with the directOTthstees. the m4cAity are Aldem)en ofthe City of London (Aldemianic DiiectOTS} wrth three NonAk1enanK Dif•rs. Ahknan mhael Maing11i was Chwr during TLMA 2023 year. Constitutionally th8 Board eonsists ofthe Lord Mayor ofthe City of L10n and not less than one other person apwinted from tX7 to tim& in ance with the Artbdes, provKled that, at any grven time, the rn84onty of directors must be Aldpmanic Directors. Indudi(Jn and traIng of ttustees is determined on a cas&by- se basis. The trnstees, who are the dir&tors for the purp ofccryany I. and vtho served throughout the year are detsiled on the administrative ddals on page 1 of these fwwKial StatEnts. Nme ¢)f the Injstees has any beneftl interest in the corrpany. All ofthe Iwslees are membern ofthe conwany and guarantee lo contribute £1 in event of a wrnding LP. As prevlousty eXF4aln, the govemance of TLMA rests bwth the directorsftrustees who hold meIng$ four t4nes a year. The board of directorsnrustaes have dekgatgd the daY4daY Nnning of the etharity to the Chief Executive {Caroline Wrighll. The pay remuneratton of the CEO is set tythe Trustees and is bench marked using Corporat)n of London benchmarking as well a3 res&arch into the'going rate, for similar Toles in other simir organisations. Page 9
Tho Lord Ilayo¢s Appeal (A Company Ilmited by guarantee) Trustees. report (continued) For th¢ year ended 30 Novwnbw 2023 SLement of TTUStee5' rnJponslbllitl•s The Trustees are responsible fry preparing Ihe Trustees, rep)rt and th8 financial statements in ¢nce with applicable law and United Kingtknn Accounting Standards (Unrted Kingdom Generalty Attepled Accounting Practice). The applble to chwit1 in EryLind & Wales the Tntstees to prepare financial statements for each financkql which gNe a tn and fwr vivw of the state of affairs of the charity and of rt$ incoming resources and application of Sr¢e$. induding its income and exp)diture. forthat pertC41. In prepariThJ these financial Statents, the Trustees are requirgj to: select Suitable Ctnting polw arKI then 4>pthn obserye the method5 and pnn¢ of tt18 Chariiies SORP IFRS 102). make judgments and accounting estimates th are reasorwble and pr4thnL slate whether aPIcable UKAcownting StaThlards (FRS 1021 have been folhygJ. subject to any material departures dtsclosed and explained in finaftal statements" prepare the ffinanck statements ¢)n the going coreM basis unless it is iwjpropriate to presume tIHt the charitywill conlinue in bu%iness. The Trustees are responsiblg for keeping aduate accountiro records that are sufficient lo and exrdain the charitys transac1n$ and dischxe with reasonab accuracy at any time the financial positKJn of the Charity and enable them lo ensure that Ihe financL415tatements compty with the Charities AG 2011. Charity {A¢unts and Reports) Regulaticrts 2CQ8 and the prowsims of the Trust deed. They are also responsible for safeguarding the assets of the Chty and hence for takj.ng reasc41th steps forthe preventK)n and detection of fraud and other iwuLaritses. Dixlosure of InfOrMOn to audltors Each of the perscffj who are Trustees at the time when this Trustees. report is 4>proved has confiryned that: so far as that Trusi* is w•Me. there is no relevant audrt inf0mli0n (I the chantys auditors are unaware, and that Trustee has tsken an the steps that ought to have been taken as a Trustee in ¢yder to b8 aware of any relevant audit informakn.on and to establish that the tharrtls audit5 are aware of that infom1atn. Audltors The audrtors, Kreston Reeves LLP. have indicaled llIngnesS lo ¢tinUe in offic& The designated Trusle88 will prcFose a motion twpointing the auditors at a meeting of the Trustees. Approved by order ofthe members ofthe ly)wd of TnJstees and syned on their bèhalf ty. Aldernian Nlcholas Lyons Lord Mayor 2022r2023 Date.. I1/•/1+ Pwje 10
The Lord Mayor's Appeal (A company limited by guarantee)
Independent auditors' report to the Members of The Lord Mayor's Appeal
Opinion
We have audited the financial statements of The Lord Mayor's Appeal (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 30 November 2023 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Charity balance sheet, the Consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 30 November 2023 and of the Group's incoming resources and application of resources, including its income and expenditure for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Page 11
The Lord Mayor's Appeal (A company limited by guarantee)
Independent auditors' report to the Members of The Lord Mayor's Appeal (continued)
Other information
The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the Trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements.
-
the Trustees' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
-
the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or
-
the parent charitable company financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of Trustees' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit; or
-
the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a Strategic report.
Responsibilities of trustees
As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
Page 12
The Lord Mayor's Appeal (A company limited by guarantee)
Independent auditors' report to the Members of The Lord Mayor's Appeal (continued)
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Capability of the audit in detecting irregularities, including fraud
Based on our understanding of the charity and the sector as a whole, and through discussion with the Trustees and other management (as required by auditing standards), we identified that the principal risks of noncompliance with laws and regulations related to health and safety and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities SORP (FRS 102) Second Edition (released October 2019), the Companies Act 2006, taxation and pension legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries and management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the engagement team included:
-
Discussions with management and assessment of known or suspected instances of non-compliance with laws and regulations (including health and safety) and fraud; and
-
Assessment of identified fraud risk factors; and
-
Review of expenditure to confirm no evidence of personal benefit; and
-
Identifying and assessing the design effectiveness of controls that management has in place to prevent and detect fraud; and
-
Challenging assumptions and judgements made by management in its significant accounting estimates; and
-
• Performing analytical procedures to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud; and
-
Confirmation of related parties with management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business; and
-
Reading minutes of meetings of those charged with governance; and
-
Review of significant and unusual transactions and evaluation of the underlying financial rationale supporting the transactions; and
-
Identifying and testing journal entries, in particular any manual entries made at the year-end for financial statement preparation.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
Page 13
The Lord Mayor's Appeal (A company limited by guarantee)
Independent auditors' report to the Members of The Lord Mayor's Appeal (continued)
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the charitable company's internal control.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Trustees.
-
Conclude on the appropriateness of the Trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditors' report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors' report. However, future events or conditions may cause the charitable company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the Group audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Page 14
The Lord Mayor's Appeal (A company limited by guarantee)
Independent auditors' report to the Members of The Lord Mayor's Appeal (continued)
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
Lucy Hammond BSc FCA (Senior statutory auditor)
for and on behalf of Kreston Reeves LLP
Chartered Accountants Statutory Auditor
London
Date: 15 July 2024
Page 15
Th• Lord Mayorfs Awl IA company Ilmltod ty guarante•) Consolid•ted Ststement of financial a¢tlvities liratIng incomg and oxpendituro acmuntl For the y8ar ended 30 November 2023 Total funds 2023 funds funds 2022 2023 Incom from: Donattons and legacies Other trading actsvrt*s 58,7S3 990,021 1.786,765 1.048.774 1.786,765 1,139.769 1,015,OC6 Total Incomo 753 2,Tl6,786 1835.$39 2,154.775 Expendltur• on: Raising funds Chaiitab18 •#Nities 1J)43,723 2.039.332 1.043,723 2,098.085 761.159 1.407.736 $8,763 Totsl expendlturn 58.753 3.083.055 3.141.808 2,168.895 Net mov•ment In funds {306,269) 1306,269) (14,1201 RKonclllation olfunds: Total fijnds brought forward Net movemnt in funds 1.181.522 (306,269) 1,181.522 13062691 1,195,642 {14,120} Total funds carrled forward 87S253 875.253 1.181,522 The Consolidated ststwneni olffftanoal &tsvit inckKles all gains and losses recogThsed in the yoar. The ne5 on pages 20 to 36 form part ofthese fmancial 5talemerts. Pago 16
Th• Lord MayoV8 Appeal IA company limitod by guarantee) Registerod numb•r: 08140664 Consolldat•d balanco she•1 AS at 30 Novembèr 2023 2023 2022 Fixed as¥ets Tangib assets 12 Current assets Debtors Cash at bank and in hand 14 218,639 1.083.444 837,021 1.037.375 1.302,083 credito." amounts faling due wthin cffle 15 {120.561) Ngt Current assets 875,253 1,181,522 Total net agsets 875,2S3 1,181.522 Charlty funds RestrKted thjnds Unrestricted funds 16 Desynaled furKIs General funds 16 16 211.871 663.382 190,304 991.218 Totat unrestricted funds 16 87S,253 1.181,522 Total funds 875.253 1,181.522 The Trustees ackntrledge their responsiiilitw for Cornpl. wth the wuirements of Ihe Act with Tespe¢t to accounlirvJ TOrdS and preparaTr offinancHI $Lmt$. The ffnantial slalaments have been preparal in xcordance 7Arylh the pr05?nS app1Kab to ertitres subjeLt to the small companies regimg. The financial statements wore approved arKI autho for issue by the Trustees arKI signed m their behatf ty. Aldernian Nlcholas Lyons Lord Mayor 2022r2023 Date. il /Q / The notes on pages 20 to 36 fomi part of t1 financial stalemen Page 17
Thg Lord Playovs Appeal (A company Ilmlted by guarantee) Regist8red numb•r. 08140664 Ch•Tity balance sh•¢t As at 30 Nov•mber 2023 2023 2022 Investrnents 13 Curr•nt assets Debtors Cash at bank and in hand 14 410,524 645.039 739,585 929,841 1,669.426 Creditof5: amounts falling due wiihin c 15 180.311) (487.905) Net current as¥•ts 875.262 1.181,521 Total not assets 875.253 1.181,522 Charlty funds Restricted furKIs Unrestricted funds 16 Designated fur General funds 16 16 211M71 190.304 991.218 Total unrestri¢#gJ fu18 16 875.253 1,181.522 Total funds 875253 1,181,522 The Trustees kntred9e their responsijilities for eomptying ryth Ihe requirements of the Act with respect to accounting records and preparalM)n of financial slatem The finan81 ststements have been wyed in ¢dae *ith the provisons applicable to entilies subject to the small companies regime. Thé finanal ststements were approved and aulPSed for issue by the Trustees ar gned on their behalf by.. Aldernwn Ni¢holas Lyons Lord Mayor 2022r2023 Dale.. Il/r+/4 The notes on page¥ 20 to 36 fomi part CA these fina81 Stateft. Page 18
Tho Lord Mayorfs Apptsl {A company Ilmlted by guarant••> Consolld•ted Statement of cash Ib)ws For the year d•d 30 Nov¢mb•r 2023 2023 2022 Cash I1¢ from opernong actlvltles Net cash used in qjeraling activities 19 {246.4231 (43,3021 Change In cash and ush equivalents In thg yur Cash and cash eqUiVats al the beginning oflhe yaar 1246,423 1,083A44 143,302) 1,126.746 Cash and cash ¢qulvalents at the end of th• year 20 837,021 1.083,444 The notes on pw 20 to % fomi part oftF fNwKial statwnents Pwje 19
The Lord Mayorfs App•al (A compny lirnltod by guarant•e) Noles to the financlal statements For tho year gnded 30 Novgmb•r 2023 G•nornl Infom The Lcrfd Mayorfs Appea L% a prwate wnpany fimrted by guarantee inc0red in England and Wales. The registered Off ts The MansKin H58, W•tJrc)K Lon(knn, EC4 88H. counting pollclos The finanaal statements have In prepared in accordance wilh th8 charIt SORP (FRS 1021- Accounting and Rewrting by Charits: Statement of R0Th¥nended Practice applKable to chariiies preparing th&r a¢untS in accordance with FinarKial Reporb'rwj Standard applicabk in the UK and RepublK of Irdand (FRS 1021 (effedive 1 January 20191, the Financkal Rep)rting Standard appltsble in the UK Rem11¢ of IreLwd IFRS 102) and the Cwwies Act 2C4A. The Lord M$ Appea meets th& definitN)n of a publ benefft entsty under FRS 102. Assets and liabilities are initialy recojnoed at hi%torKal cost or transaction value unless otherwise slated in the relgvanl accounting pdicy. The Consolklated statern of finarKial thibes ISOFA) and Consdidated balance sheet consolhlate the finanoal ststwnents of the Chanty and its subsidiary undertaking. The results of the sub%drary are ccnsoitdated on a line by line basis. The Charity has taken advantage of the exemptM alkhved uler ¥eoton 408 of the Companies Act 201A and has not presented its ¢M Slattsynenl of financial actMti8s in these financial statements. Z2 Golng The Tnjstees have consklered whether the use of going eoncem appropriate i.e. whether there are any material uncertainties related to events or conditi5 that may cast Slgnthcant doubt on the abilty of the Charity to continue as a g(xng concern. The Tnjslees make Ihis assessmenl in re$p8Ct of a peric#J of at $1 one year from the date of authorisatnn for issue of the financial statements and have conclud&J that the Charrty has adequate resoUS to continue in operational eStenCe for the freSeeab future and there are no matenal uncertaintios about the Charitys ability to wnlinue as gYJing cMcem, thus they continue to t the going cOnM ba&s of accountiryd in preparing the financial sLements. 2A Income All income is rec3fted once It Chaiity ha5 Wbtillwn8nt to ts income. it is prowk that the income wll be recer¥ed arKI the amount of irKrTh receivable Can be measured relkqbty. 14 ExndItur Expenditur• is reccJnised once there is a or constructNe obligation to transfer ecOn1C benefit to a third party, it is Prei)8b that a transfer of economic beneffts wll be required in setuerrtnt and the amount of oblvJation can be measured reliab. E¥penditure is classrfied by activity. The costs of each actmty are made up of the total of di[t cost5 and shatsd costs, including support costs invoW in undertaking each actmty. Direct costs attribLrtable to a single aclivty are allocated diTlY to that aclivty. Shared costs whth ts)ntribute to more than one activty and supwrt costs whh are not attributa)le to a single &XNity are aPportned btheen those activrbe5 on a basis consistent with the use of resources. CenlTrl staff $ts ate aled on the basis of lim8 spent depreCIatn charges alkxated cffl the porthin of Ihe asseY$ us Expendf(ure rak8ing furKls indudes all eywditUTe incurred by thè Grc4JP to raise fijnds for its Charitab purposes aThJ indudes costs rfall fundra¢swy athities 8vents arKI norFcharitablE trJing. 20
The Lord Mayorfs App1 IA ry>mpany Nrnited by guarantee) Notes to the flnanclal $tatsments For the year endod 30 Novemb•r 2023 Accountlng policles {contlnued) 2.4 Exp•ndlturn (conlinued) Ewditur8 ¢)n ctharitable adr¥itss is incurred directy undwtthng tho xtP4itw Ythich fvrther the Group's 0ectIs, as well as any assooated support ¢osts. Grants pay)le are charged in the wthen the offer is made except in tIN)se cases wh¥e the offer is eonditional. such grants being recogni58d as expenditure when the conditions attaching are fuffilw. Grants offeRd subject lo corKlrtkMS whKh have not been met at the year end are rd as a commthenc but not accnd 88 e>pnditure. 2.5 Taxatlon The Chwity is considered to pass the tests set out In Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets th& definition of a caritab company for UK corwration tax purpgses. Accordingty, the Chanty is potentty exempt from taxation in respect of income or capital gains received within categories ts)vereA by Chapt8r 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that SLK income or gains are applied exdusivety to eharitabfe puw. 2.6 Tangibl• fix¢d a¥¥ets and dopreclation Tangible fixed assets are lnikna1 rerngnised at cost. After re¢cgnrtion. under tr cost model, tangible fixed assets are measured at cost less accumukted depreQatsC arKI any cumUlated impairment kisses. All costs incurred to bring a tangit48 fixed asset inlo its InterKI Wting cCditIOn should b8 induded in the measurement ofctht Depreciation is charged so as lo alale the cost of lang fixed assels les5 their residual value over their estimated usefijl INes, ugng the strai9ht4ine method. Depredation is provided on the foLbir¥J ba&s: Piant and machinery 33% 2.7 Inveslm¢nts Fixed asset investments are a form of firwKial lnstrurrt aThJ are initralty recojnised at their transaction cost and subs8qugntty measured at f"r walue at the Balance sheet date. unless the value cannot be measura relity in whth case Ft is measured at st less impaimierrt. Investment gains and losses, whether realised or unreali5ed. are combined and presenled as 'Gainsl{Losses) on investments, in the Consolhlated statement of i¥e8. InvesbThnts in sthidianes are valu&J at cost less prls1on for iryaimw 2.8 Debtorn Trade aThJ other debtoryts a recogni5•J at setdement amount after any tTade discount offer8d. Prepayments are Valu * thè affthnt prepahl nat of any tr* di%>)unts due. 19 Cash at bank and in hand Cash at bank and in hand indLvJes osh and sknrt4erm hrghty liquid investrnents with a short maturity of three rrthths or less from the date of acquisition or of the deposit or simiLryr account. P4e 21
The Lord MayoVs Apwal (A company Ilmitod by guarantse) Notes to the financial Statgmgnts For thg year endod 30 November 2023 Accountlng pollcles l¢¢)ntlnu•d} 2.10 Ll•billlles and provlslons Liabdities are recc4nised wthen Ilwe 15 an (1JaIl¢ * thg Balance sheet dats as a resuli of a past event, it is Prci)a that a transf8r of onniC benefft wll be required in settlement. and the amount ofthe settlet can be estimated reliabty. abilrties are rwnised at the amount that the Charrty antvpates it 11 pay to settle the debt or the amount rt has received as athnced payThents for the gcods or Serv it must provide. 2.11 Flnanclal Instwrngnts The Group onty has finanual assets arKJ financial Ik8bilitFes of a kn'nd that qualrfy as basic financial instruments. Basic finKial instruments are irkitLg1ty recognised al transaction value and subsequent measured * their setueMt value wth the exceptw of bank b)ans wthich are subsequently 2.12 Pensions The Group oFefates a defined contrt)ut)n Fens)ft scheme and the patsion charge represents the nounts payable by the Group to Ihe fund in resped ofthe year. 2.13 Fund accountlng Generai funds are Unrestric funds which are trailab for use at the discretion of the Trustees in fijrtherance of the genwal ot¥'ectives of Ihe GTOUP aTrJ have not been desiqnated for otr purposes. Desp]naj funds comprise unrestricted fund5 that have been set aside by the Trust88s for particular purposes. The aim and u$? of exh dwnated fvnd is set out in the notes to the financ4al Stat¥nIs. Restricted ftjnds are funds which are to be used in aecordanee wrth specrfic restrictions imposed by d¢)nors or which have teen raised by the Group for particular purposes. The costs of raising and administering such fiJnds a Charged n$t Ihe Specif fund. The aim and use of each restrictsd fund is set in the notes to the ffinancAal Stateffl. Income from donatlons and l•gaci•s Total nds 2023 Total funds 2022 fvnds 2023 nds 2023 Donth"ons 58.753 990,021 1,048.774 1,139.769 Total 2022 121.784 1.017.985 1.139,769
The Lonl Mayoes Appeal (A company Ilrnltsd by guarnnlee) Notes to the financial statements For tho year •nded 30 November 2023 Income from othr trading activit Incorne from fundralslng wents Unretheted fvnds 2023 Total funds 2023 Total funds 2022 Fundraising events 314.404 314,404 146,991 T¢ 2022 146,991 146,991 Inc)me from non charltable tradlng activili Unrnstrlcted funds 2023 Totsl funds 2023 Totsi funds 2022 Income from subsidiary- LA14 Trading Limited 1.472,361 1N72,361 868,015 Total 2022 868.015 868,015 Expendltur• t)n ralylng funds C¢>sts of raislng voluntary Income Unrestrictsd Total funds 2023 Total funds 2022 2023 Consullancy Support costs Wages and salarres Sccial $ecuiity costs other PenSn Costs 32.230 120,604 341,981 35,836 13.434 32.230 120,6r14 341,981 35.836 13N34 21,139 134,395 274,OCQ 31.14S 7,622 544.085 544.085 468.301 Total 2022 468,301 468,301 Page 23
The Lord Mayorfs AppHI (A company Ilmlted by guarantse} Notes to the financial statem•nts For the year ended 30 November 2023 Exp8nditur• on raislng funds (¢ontlnuod) O¢hor tradlng wjons T¢>tal funds 2023 Tolal funds 2022 funds 2023 Exponditure of substdhary- LMA Traling Limited 499.638 499,638 292.858 Total 2022 292,858 292,858 Anatysrs of grants Grants to Instltuilons 2023 Total lunds 2023 Total funds 2022 Grants payable 1,744,038 1,744,038 1.124,817 Totsl 2022 1.124,817 1,124,817 Paye 24
Th• Lord Mayorfs Appeal IA c¢mp•ny Ilmfted by guar•nts•l Not95 to the Ilnan¢ial statements For the year gnded 30 November 2023 Analy$l• of grnnts (conlknued) The GroLP h88 made the folkwing m[ grants to irtst1tutk during yw. 2023 2022 Samaritans P021 Ap) Plac828e (2021 Appeal} The Duke of Edinburgh's Award (2021 Appeal) Onside Youth z¢8$(2021 Apr) Guide of Human Resour¢e Prolessionals (2021 Pppea Best 8egYtnings (2021 Apr Samaritans {2022 Appeal) Place2Be {2022 Appeal) The Duke of Edinburgh's Award {2022 Appeal) Onside YoLth Zones12022 App National Numeracy (2022 ApFear) MQ Mental Health Rgsearch12023 ApFea) The Duke of Edinburgh's Award12023 Mppeall Niond Numeracy {2023 Appeat) 313,584 113.$84 113,584 113,584 36,370 36,370 35.(100 35.000 110,000 35,000 110,1)cK) 76.070 76.070 76.070 223,209 320,000 320.000 320,000 1,634.628 1,052,076 other grants under£35.( 109.410 72,741 1,744.038 1.124,817 No grants were paid to indmduals. All grant Panents are male by TLMA (pth charity). Page 25
The Lord Mayorfs App•al (A company Ilmltgd guarantw> Notes to the Ilnanclal statements For the year fjndod 30 Novembor 2023 Summary by Thd ty funds fvnds 2023 Total 2022 2023 crty Giving Day Pcpwer of Inclus*)n This Is Ma + Green Rljbon Grant and govemance costs We Can Be 121.9)2 59.212 2S.919 1,705,385 126.914 121.902 S9,212 25.919 1.764138 126,914 62,826 39,252 106,653 1,142,540 56,465 58.753 58.753 2.039.332 109&085 1.407,736 Ttjtal 2022 121.784 1.285,952 1.407.736 Anatysls of expendliure by actlvllles Actlvttl Grant undertaken funding of dlrecty actfvltl 2023 2023 Support Total funds 2023 Totsl ftjnds 2022 2023 Cty GNINJ Day Power of IndUSn This Is Me + Green Rbbon Granl and governance costs We Can Be 121.902 59.212 25.919 121,902 59.212 25.919 1,764.138 126,914 62.826 39.252 1C6.653 1,142.540 1.744.038 20,100 126.914 333.947 1.744.038 20.100 2,098.085 1.407.736 Total 2022 265.1 1,124,817 17.723 1.407,736 Page 26
Tho Lord May¢¢$ Appal (A company Ilmlted by guarantee) Notes lo the financial ststsments For th8 year ended 30 November 2023 Antysls of exwidliuro by a¢livlUes (conunuedj Analysls of dlrect costs This Is ljle + Grnon Ribbon W• Can Be 2023 Clty GSvlng Total funds 2022 Incluslon 2023 fund$ 2023 2023 64.585 8.803 7,057 39.511 54.811 23.297 56.732 199.425 11,289 156,794 20.135 9,202 28,627 9.591 40,847 Design costs Merial costs Event wsts M•Jia costs Other 197 41.517 4.320 1,149 29A82 81 121,902 59212 25,919 126,914 333.947 265.196 Totsl 2022 39.252 11A.653 56.465 265.196 Anatysls of Support ¢osts Total funds 2023 Tot funds 2022 Audit foes 20,11X) 17,723 Audltor¥' rUneratIon 2023 2022 Fees payab to the Chwtys aurfrtc* respect ot. Audit of the Charrtys annual accounts Audit ofthe SubsKIHs annual accounts Ail non-audit not ind1& atthp 8.11)0 6.900 5.100 7,570 5.403 4,750 Page 27
The Lord Mayorfs AppHI {A company Ilmltod by guarnnts•) Notes to the flnancial statsmonts For th• year ended 30 Nov•mber 2023 10. Staff costs Group Grcmjp 2022 Charity 2023 Charity 2022 Wages and salaries Social securrty costs Other pension wsts 541N06 411,498 46,132 11.931 541A06 34836 13A34 411.498 46,132 11.931 13A34 FA1.676 469,561 690.676 469.561 The average number of p8r50n$ anplojvj by the Charty during the year was as folk. Group 2023 No. Group 2022 CEO OffieFinance Manager Events Manager Progfdmme PrO1t Manager Progr8mmelAppe81 Offic Comms Manager 12 10 The number of wtthe emplo benefts {exdudiry emplojer penspJn cost¥l ex¢e&ded £60,OCK) was.. Group 2023 Group 2022 In the band £90.001- £100,¢XIO Of the empk)yees whose M)lUments exceed £60,000. one (2022.. one) had retirement benefts accruing under defined contribukn.on pension scheThes. All the staff were dir empbywl by TLMA but the Pa seryice was provided free of charged by The Cty of London Corporation. The key managrnt personnel of TLPM are the trustees and the Chief ExecutNe Officer. The total employee benefits ofthe key management personnel were £110.48212022: £108,618). Page 28
Tho Lord Mayorfs Appeal {A company Ilmlted by guarantso) Notrs to th8 financial statemonts For th• year ended 30 November 2023 11. During the year, no Trustses rtterrtl any or other berbefft$12022'. £Nir)). Ouring the year end 30 Ncwember2023, Trustee eyww have been iurred (2022.. £Nd}. During the year. Trustees made per$cKl of £1,220 to the Chanty. Related partm of the Trustses made donat of £13.359 to the Charity. 12. Tanglble flxed lets Group and Charfty Plant and machinery Cost or valuation Al 1 Decerthr 2022 6,041 At 30 November 2023 5.041 Depreclatlon At 1 Deeember 2022 S.041 At 30 Novernb8r 2023 5,041 Net ljook value AI 30 thjvember 2023 At 30 November2022 Page 29
The Lord Mayorfs APal IA c¢)mpany Ilmhed by guarnntso) Not•s to tho financial statements For the year ended 30 Novefflbof 2023 13. Flxgd asset invwtm8nts Inveslm•nts In subsidiary companles Cost or valuatSon At 1 December 2022 At 30 Vernber 2023 Net book valu• At 30 November 2023 At 30 Novwnber 2022 14. Debtors Group 2023 Group 2022 Chorlty 2023 Charlty 2022 Due within one year Trade debtors other debtors PrepayTherts and 8rUed income 38,825 936 178.878 34.175 31,645 144399 376.349 707.940 218.639 410.524 739.585 Pag8 30
Tho Lord Mayorfs Appeal IA company Ilmltod ty gu*rJntse) Notgs to the financial slatements For the year ended 30 November 2023 15. Credltors: Afflounts falling du• wlthln on• y•ar Group 2023 Group Charfty 2023 Charity 2022 Trade credito Amounts old to gro JertakingY Other t&tIOn and xoal security Other creditors 27.097 2.926 24.093 48.975 387,602 130.077 57,635 52.769 51.328 161122 120,561 80,311 487,905 Deferd income relates lo funds re¢eNed in retati(Ki to the 2024 Appeal which falls in the next mayfftl y8ar. Income of £34,357 has been deferred so that it is reccgnisgd in the appfopriale mayoral fundraising r. The amount deferr•Y in the pricx year of£3S.CI)O was reled in thg current year. Page 31
The Lord M•yorfs Appeal (A Gompary Ilmltod by gu•r•ntso) Notes to the flnan¢ial statements For th• year onded 30 November 2023 16. Ststem•nt of fvnds Statement of funds- curr•nt ymr Balance at Balance at 1 Trnnsfers Novgrnbgr inlout 2023 2022 Income Expènd6ture Unrgstrlctsd funds Deslgn•ted fund8 Workiro capital 190,304 21.567 211,871 The atr4Jve dgnal&j furKls have been set aside CA unrestrictad fijnds by the trustees for a Speafic purpose- wothing capÉtal to cover any future sh)rtfal in funding. Genernl funds Gener81 Funds 991218 2,T16,786 (3.083.055) (21.56n 663,382 Total Unrestricted funds 1.181,522 2.776.786 13,083,055} 875253 Restricted funds Donations 58,753 158,753) The obove restricted funds ¢omprlse baanc85 of donations aThJ grnnts whth ha¥e be given to the ¢harityfor spe¢rf purp08e& Total of funds 1.181.622 1835.539 (3,141,808) 875.253 P4e 32
The Lord Mayofs Ap IA company Ilmil ty guarantsè Notes to the financlal statements For the y•ar ended 30 November 2023 1& Statemont of lunds (conllnu•dl Statoment of funds- prlor year Balan¢e * Balance at 1 D&ember 2021 Transfers inloul N¢)vember 2022 IrKome Expen(rture Unrestrict•d funds Dignated funds Working capit 173,644 16.660 190,304 G•ngral funds General Funds 1.tr21.998 2.032,991 (2.047.111) {16,660) 991.218 Total UnrestrlcW funds 1,195,642 2.032.991 12.047.111} 1,181,522 R•stricted funds 121.784 (121,784) Total of lunds 1.195.642 2.154,7T5 (2.168.895) 1,181,522 17. Summary of funds Summary of funds- Gurront yoar B•lance at 30 November 2023 Bala¢ at 1 Trnnsfers inlout 2022 Incorn• Expondiiuro Designated fvnds Genefal funds Restri¢Xed funds 190.304 991218 21,567 121,5671 21171 663.382 2.776,786 {3.083.0551 58,763 ($8,753) 1,181,522 2.835.539 13,141.808) 875.253
The Lord Mayorf$ Appeal (A Company Ilmlted by guarant8¢1 Notes to the flnancial staternents For the y•ar ended 30 November 2023 17. summary of funds (continued) Summary of lunds- prfor yèar Balance at 30 Transfer8 November Inlo 2022 Balance at 2021 Income &pendrture Designated funds General funds Restricted fvnds 173.644 1,021,998 16.660 {16.660) 190.31X 991.218 2.032.991 121,784 (2,047,111) {121.784) 1,195.642 2.154.7T5 (2,168,895) 1.181.522 18. Analysls of not ass•ts beiw•en funds Analysls of n•t ass•ts bot¥Men funds- currontyear Unrestslcted funds 2023 Total funds 2023 Current assets Crgjitors due ithin one y 1,037,375 1,037,375 {162.1221 (162.122) Tolal 875,253 875.253 Analysls of net ass•ts between funds- prlor year UnrestrictoJ fijnds 2022 T¢)tsl funds 2022 Current assets Cr&Jriors due ithin <Jne 1,302,083 1,302,083 (120,5611 {120,5611 Totsl 1.181.522 1,181,522 P•Je 34
Th• Lord Mayorfs Appeal (A company Ilmlted by guar•nts¢} Notes to the flnanclal statsments For the year eThd 30 Novomb8r 2023 19. Roconciliation of net M0ment In funds lo net from op•rating acllvitl6s Group 2023 Group 2022 Net (ewenditure) forth? year {as per Statement of FinancMI AGl1vil) (306.269} (14.1201 Adjustments for. De¢4¥e1(1ncreaseI in debtors Increase in credit(Ys IDecreasel in defeed income 18,28S 120,901) 14,570 122,8511 13,043) Not cash lusgd Inl by operating activities 1241423) {43.302) Anatysls of ¢ash and ush •qul¥alonts Gmup 2023 Group 2022 Cash in hand 837,021 1,083.444 Analysb of thanges in not d•bt At30 November 2023 Dfjcember 2022 Cash Cash at bank and in harKI 1.083.444 1246.423) 837,021 1.083.444 1.083.444 Page 35
The Lord Mayofs Appeal (A company 11m1t ty guarantee) NotK to the finan¢lal statèmènts For the year gnded 30 Novgmber 2023 R•I•d party tr•nsacdtX Aldennan Sir William Russell, Trustee until 7 Decwnber 2022. is also a Direth)r of Place2Be. The Charty paid grants during the year of £75.070 to Pixe28e (2022: £148,584). Exemption from the requiremenl to dthe tranwtion befvmen wFwJny grP meners has bsen taken in ¢dance with provtsions in FRS8. 23. Controlllng party Therg IS m utknrne tontrolling porty. Princlpal subsldlarles The fdknving was a subshliary undertthng ofthe Charity. Company Reglstered offi¢¢ or prlnclpal Class of Trufflr place of I$1 shares Nam8 Holdlng Lord Mayofs Appeal Tradiry 11692137 The Mwon Hcmjse, London. mrted EC4N 8BH Ordinary 100% Includad In ¢onsolldatlon The financral results of the subsidory forthe yearwer8: Name Incom• Expendlturo Net assets Lord Mayorfs ApFeal Trading Lwnled 1A72,361 {1N72,361) Page 36