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