2022-06-30-accounts - The Worshipful Company Of Carmen Benevolent Trust

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Report ofthe Trustees	1-6
independent Examiners Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Accounts	10-13

			Unrestricted	Capital	Year to	Year	to
			Operating	Endowment	30June 2022	30Juue2021
		Notes	Funds	Funds	Total	Total
Incomlag Resources			8	8	8	8
Donations snd Legacies		2	36,920		36,920		47,897
Invesnnent income		3	18,138		18,138		28,536
Total Income			55,058		55,058		76,433
Expendthtre
Charitable Activities:
Grants Payable		4	105,833		105,833		68,694
Support Costs		5	9,333		9,333		12,007
Costs ofRaising Funds
Investment Management	Costs			16,696	16,696		16,595
Total Expenditure			115166	16696	131,843		97296
Net Expenditure bofors on Iuvestments	(Loss)/Gain		(60,108)	(16,696)	(76,804)	(20,863)
Gross Transfers between	Funds		23,148	(23,148)
Net (Loss)/Gain on Investments		6	-	(127,323)	(127,323)	259,246
Net Movement in Funds			(36,960)	(167,167)	(204,127)	238,383
Reconciliation ofFunds
Total Fuuds Brought Forward			28,876	2,208,805	2,237,681	1,999,298
Total Funds Carried Forward			~6884	2643638	21133554	2233681

				Yeat' 'to	Year to
		Unrestricted	Capital	30June	30Jtme
		Operating	Endotv ment	2022	2021
	Notes	Funds	Funds	Total	Total
Pixed Assets		8	8	8	g
Investments			2,041,638	2,041,638	2,208,805
Current Assets
Debtors - Gilt aid recoverable		9,495		9,495	5,628
Cash at Bank		24,201		24,201	54,228
		33,696		33,696	59,856
Credltom:
Amounts Falling Due Within One	Year
Grants Payable	4	(29,500)		(29,500)	(10,582)
Accrued Expenses		(2,280)		(2,280)	(20,39&)
Net Current Assets		1,916		1,916	28,876
Total Assets Less
Current Liabilities		1.316	2,041,630	~043,554	2,237681
Amounts Due Over One Year
Grants Payable	4	(10,000)		(10,000)
Net Assets		~8D84	~D4t 630	2D33 554	2237681
Funds
Operating		(8,084)		(8,084)	28,876
Carman Heritage Pund			2,04],638	2,041,638	2,208,805
		~0,004	2041,638	2D33 554	2237601

						Year to	Year to
						30June	30June
3.	Investment Income					2022	2021
							g
	Dividends - UK Equities					4,865	16,508
	Dividends - Overseas Equities					13,236	12,027
	Interest - other					37	1
						18,138	28,536
4.	Grants Payable					2022
						g
	King Edward's School					3,167
	City ofLondon Freemen's			School prize fund		400
	Necessitous Carmen					2,000
	AMgate School					24,510
	Beyond Food					3,000
	Ukrainian Refbgees	appeal				20,000
	Collins Memorial Fund		(Save the Children Jt		Wessex Cancer)	2,000
	University Education					5,500
	Liveries Company Platinum			Jubilee		500
	St Paul's Girl Choristers					500
	StFauys Cathedral Fmul					2,000
	Guildhall School ofDrama					6,000
	Voices					5,000
	Tretoars (hoist)					7,000
	SPEAR					8,000
	Chrisfs Hospital					14,340
	London Taxi Drivers	Magic Taxi Tour Paris				1,400
	Cannen Livery Schools		Pack			1,264
	Provision write back					(748)
	Total					105,833
	Movement in Recognised			Grant Comrnltments
	Grant commitments	recognised at start ofperiod				10,582
	Paid in period					(9,834)
	Write back ofproV	iio				(748)
	Provided in year					39500
	Orant commitments	recognised at 30June 2022				39,500
	This represents a provision			forthe
	Treloars Hoist					7,000
	The Aldgate School					12,500
	The Ukrainian	Appeal				20,000

				Year to	Year to
				30June	30June
5.	Support Costs			2022	2021
				8	8
	Worshipful	Company ofCarman: Administration		6,000	6,000
	Awards and	Medals			915
	Bank Charges			164	192
	OIBceCosts and Printing, Postage dt Stationery			1,284	50
	independent	Examination/Audit	Fees	1,885	4,850
				9,333	33,007

			Year to	Year to
			30Juno	30June
6.	Investments		2022	2021
	Market Valueat1 July2021		2,208,805	1,991,997
	Acquisitions	at Cost	1,266,876	1,212,248
	Sale Proceeds	from Dlsposals	(1,334,811)	(1,298,724)
	Net (Loss)/Gain on Revaluation		(127,323)	259,246
	Market Value	at30June 2022	2,013,547	2,164,767
	Cash held for	Reinvestment	28,091	44,038
	Total Investments and Cash at30June 2022		2,041,638	2,208,805
	Apponloned:-
	Permanent Endowment - 6590		1,327,065	1,294,798
	Bxpend able Budowtncnt - 35%		714,573	697,199
			2,041,638	1,991,997