2021-06-30-accounts

Report ofthe Trustees	1-4
Audit Report	5-8
Statement ofFinancial Activities
Balance Sheet	10
Notes to the Accounts	11 - 14

			Unrestricted	Capital	Year to	Period to
			Operating	Endowment	30June 2021	30June 2020
		Notes	Fumls	Funds	Total	Total
Incoming Resources						g
Donations and Legacies		2	47,897		47,897	42,709
Investment Income		3	28,536		28,536	49,445
Total Income			76,433		76,433	92,154
Expenditure
Charitable Activities:
Grants Payable		4	68,694		68,694	84,800
Support Costs		5	12,007		12,007	10,483
Legal Fees						630
Costs ofRaising Funds
Investment Management	Costs			16,595	16,595	15,263
Total Expenditure			80,701	16,595	97,296	111,176
Net Expenditure before Gain/(Loss) on Investments			(4,268)	(16,595)	(20,863)	(19,022)
Gross Transfers between	Fnmls		25,843	(25,843)
Net Gain/(Loss) on Investments		6		259,246	259,246	(8,292)
Net Movemcnt in Funds			21,575	216,808	238,383	(27,314)
Reconciliation ofFunds
Total Funds Brought Forward			7,301	1,991,997	1,999,298	2,026,612
Total Funds Carried Forward			28,876	2,208,805	2,237,681	1,999,298

				Year to	Period to
		Unrestricted	Capital	30June	30June
		Operating	Endowment	2021	2020
	Notes	Funds	Fuuds	Total	Total
Fixed Assets		K			E
Investments			2,208,805	2,208,805	1,991,997
Current Assets
Debtors		5,628		5,628	7,080
Cash at Bank		54,228		54,228	22,551
Amount due from
Womhipful	Company ofCarmen				217
		59,856		59,856	29,848
Creditors:
Amounts Falling Due Within One Year
Grants Payable		(10,582)		(10,582)	(6,095)
Accrued Expenses		(20,235)		(20,235)	(3,945)
Amount due to
Worshipful	Company ofCarmen	(163)		(163)
Net Current Assets		28,876		28,876	19,808
Total Assets Less
Current Liabilities		28,876	2,208,805	2,237,681	2,011,805
Amounts Due	Over One Year
Grants Payable					(12,507)
Net Assets		28,876	2,208,805	2,237,681	1,999,298
Fuuds
Operating		28,876		28,876	7,301
Carmen Heritage I'und			2,208,805	2,208,805	1,991,997
		28,876	2,208,805	2,237,681	1,999,298

2.	Donations and Legacies	Donations and Legacies	2021	2020
			f.	f.
	Cannen Donations	and Legacies	42,269	35,629
	Gifl Aid Recovered		5,628	7,080
			47.897	42,709

					Year to	Period	to
					30June	30June
3.	Investruent Income				2021	2020
	Dividends -UK Equities				16,508	40,467
	Dividends -Overseas	Equities			12,027	8,961
	Interest —other				I		17
					28,536	49,445
	Grants Payable				2021
	King Edhvard's School				9,272
	City ofLondon Freemen's		School "Springboard"		1,500
	Necessitous Carmen				4,500
	Guildhall School Trust				6,000
	Aldgate School				4,000
	Southfields				4,730
	Treloars				10,324
	StPaul's Cathedral Fund				2,000
	Carmen Heritage Trust				10,128
	Sheriffs and Recorders Fund				1,500
	Christ's Hospital				14,740
	Total				68,694
	Movement in Recognised		Grant Commitnrents
	Grant comndtments Paid in year	recognised		at start ofperiod	18,602 ~lt, tl2tt
	Grant commitments	recognised		at 30June 2021	10,582

			Year to	Period to
			30June	30June
Support Costs			2021	2020
			g	g
Worshipful Company	of	Cannen: Administration	6,000	6,000
Awards and Medals			915	350
Bank Charges			192	132
Office Costs and Printing,		Postage &Stationery	50	401
Audit and Accountancy	Fees		4,850	3,600
			12,007	10,403

			Year to	Period to
			30June	30June
Investments			2021	2020
Market Value	at	1 July 2020	1,991,997	1,758,642
Acquisitions	at Cost		1,212,248	1,786,276
Sale Proceeds	from Disposals		(1,298,724)	(1,656,483)
Net Gain/(Loss)		on Revaluation	259,246	(8,292)
Market Value	at	30June 2021	2,164,767	1,880,143
Cash held for	Reinvestment		44,038	111,854
Total Investments		and Cash at 30June 2021	2,208,805	1,991,997
Apportioned:-
Permanent Endowment —65%			1,435,723	1,294,798
Expendable Endowment - 35%			773,082	697,199
			2,208,805	1,991,997

			Year to	Period to
			30June	30June
Investments	(Continued)		2021	2020
Comprising:
UK Equities			790,033	406,176
Overseas Equities			735,938	838,974
Fixed Interest	and other	Asset classes	638,796	634,993
Cash deposits	asvaiting	Investment	44,038	111,854
			2,208,805	1,991,997