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|Report|ofthe|Trustees||I -5|
|---|---|---|---|---|
|Audit|Report|||6-8|
|Statement
of||Financial|Activities||
|Balance|Sheet|||10|
|Notes|to the|Accounts||I I-IS|
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||||Unrestricted|Capital|Year to|Year to|
|---|---|---|---|---|---|---|
||||||30June|30June|
||||Operating|Endowment|2023|2022|
|||Notes|Funds|Funds|Total|Total|
|Incoming
Resources|||E|E|E|E|
|Donations
and Legacies|||34,066||34,066|36,920|
|Investment
Income|||18,904||18,904|18,138|
|Total Income|||52,970||52,970|55,058|
|Expenditure|||||||
|Charitable
Activities:|||||||
|Grants
Payable|||78,633||78,633|105,833|
|Support Costs|||5,478||5,478|7,449|
|Legal Fees|||1,300||1,300|1,885|
|Costs of Raising Funds|||||||
|Investment
Management
Costs||||16,087|16,087|16,696|
|Total Expenditure|||85,411|16,087|101,49&|131,862|
|Net Income/(Expenditure)|||||||
|before (Loss)/Gain|on||(32,441)|(16,087)|(48,528)|(76,804)|
|Investments|||||||
|Gross Transfers between
Funds|||32,974|(32,974)|||
|Net (Loss)/Gain
on
Investments||||62,742|62,742|(127,323)|
|Net Movement
in Funds|||553|13,681|14,214|(204,127)|
|Reconciliation
ofFunds|||||||
|Total Funds Brought Forward|||(8,084)|2,041,638|2,033,554|2,237,681|
|7
4
1 F
d
C
1|d F|d|~7,551|2,055,319|2,047,765|2,033,554|
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|||||||Year to|Year to|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Capital|30June|30June|
|||||Operating|Endowment|2023|2022|
||||Notes|Funds|Funds|Total|Total|
|Fixed Assets||||E|E|E|E|
|Investments|||||2,055,319|2,055,319|2,041,637|
|Current
Assets||||||||
|Debtors||||4,580||4,580|9,495|
|Cash at Banl&||||21,289||21,289|24,201|
|Amount
due from Worshipful||||||||
|Company|of Carmen|||||||
|||||25,869||25,869|33,696|
|Creditors:||||||||
|Amounts
Falling Due Within One||||||||
|Year||||||||
|Grants
Payable||||(31,552)||(31,522)|(29,500)|
|Accrued
Expenses||||(1,900)||(1,900)|(2,280)|
|Net Current||||||||
|Assets||||(7,552)||(7,552)|1,9 I6|
|Total Assets Less
Current
Liabilities||||~7,552|2,055.319|2.047,767|2.043,554|
|Amounts
Due Over|||One|||||
|Year||||||||
|Grants
Payable|||||||(10,000)|
|Net Assets||||~7,552|2,055,319|2,047,767|2,033,554|
|Funds||||||||
|Operating||||(7,552)||(7,552)|(8,084)|
|Carmen
Heritage||Fund|||2,055,319|2,055,319|2,041,637|
|||||~7,552|2,055,319|2,047,767|2,033,554|
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|(CHARITABLE INCORPORATED
ORGA|(CHARITABLE INCORPORATED
ORGA|(CHARITABLE INCORPORATED
ORGA|(CHARITABLE INCORPORATED
ORGA|(CHARITABLE INCORPORATED
ORGA|NISAT|ION)||||
|---|---|---|---|---|---|---|---|---|---|
|NOTES TO THE ACCOUNTS ASAT 30|||||JUNE|2023 (Continued)||||
|||||||Year to|Year|to||
|Investment
Income||||||30June 2023|30June|2022||
|Dividends
- UK Equities||||||2,677||4,865||
|Dividends
- Overseas
Equities||||||15,957||13,236||
|Interest
- other||||||271||37||
|Total||||||18,905||18,138||
|Grants Payable||||||2022/23|2021/22|||
||||||||6|||
|King Edwards School||||||14,335||3,167||
|Freemans
School + prize fund||||||8,776||400||
|Necessitous
Carmen||||||||2,000||
|Aldgate School||||||(250)||24,510||
|Beyond Food||||||||3,000||
|Ukrainian
Refugees appeal||||||10,000||20,000||
|Collins memorial
Fund|(Save the Children||||&|1,000||2,000||
|Sussex Cancer Fund)||||||||||
|Universify
Education||||||5,500||5,500||
|Liveries Company
Platinum||Jubilee||||||500||
|St Pauls Girl Choristers||||||||500||
|St Pauls Cathedral
Fund||||||2,000||2,000||
|Guildhall
School of Music and Drama||||||6,000||6,000||
|Voices||||||5,000||5,000||
|Treloars (hoist)||||||||7,000||
|JCT SPEAR||||||8,000||8,000||
|Christs
Hospital||||||13,522||14,340||
|London Taxi Drivers
Magic||Taxi|Tour|Paris||1,500||1,400||
|Carmen
Livery Schools|Pack|||||||1,264||
|Mayoral
Charities||||||3,000||||
|British Red Cross (Mayoral)||||||250||||
|Provision
writebacks||||||||(748)||
|Total||||||78,633|105,833|||
|Movement
in Recognised Grant||||||||||
|Commitments||||||||||
|Grant commitments
recognised
period|||at start of|||39,500||10,582||
|Paid in period||||||(19,500)||(9,834)||
|Write back of provision||||||(10,000)||(748)||
|New Provisions
in year|2022/23|||||21,522||39,500||
|Grant commitments
recognised|||on 30June||2023|31,522||39,500||
|New provisions
in year|2022/23||represent|||||||
|payments
to be made to:||||||||||
|Christs
Hospital||||||13,522||||
|Ukraine
Schools||||||5,000||||
|Spear||||||3,000||||
|||||||||Page|J 16|
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||||||||Year to|Year to|Year to|
|---|---|---|---|---|---|---|---|---|---|
|5.|Support Costs|||||30June 2023||30June 2022||
||Worshipful
Company||of|Carmen: Administration|||6,000||6,000|
||Awards
and Medals|||||||||
||Bank Charges||||||(1,144)||164|
||Office Costs and|Printing,||Postage &Stationery|||623||1,284|
||Audit and Accountancy||Fees||||1,300||1,885|
||||||||6,779||9,333|
||The trustees
received||no|remuneration||and were not reimbursed|for any of their|expenses|in the|
||period.|||||||||
||The charity had|no employees|||during|the period.||||
||||||||Year to|Year to||
|||||||30June 2023||30June 2022||
|6.|Investments|||||||||
||Market Value on|I July|2022||||2,041,637||2,208,805|
||Acquisitions
at Cost||||||1,118,240||1,266,875|
||Sale Proceeds from Disposals||||||(1,216,565)||(1,290,773)|
||Net (Loss)/Gain|on Revaluation|||||34,650||(171,361)|
||Market Value on|30June||2023|||1,977,963||2,013,546|
||Cash held for Reinvestment||||||77,357||28,091|
||Total Investments|and|Cash on||30June 2023||2,055,319||2,041,637|
||Apportioned:-|||||||||
||Permanent
Endowment||- 65%||||1,335,957||1,327,064|
||Expendable
Endowment|||- 35%|||719,362||714,573|
||||||||2,055,319||2,041,637|
|||||||||Page
( 17||
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||||Year to|Year to|
|---|---|---|---|---|
||||30June 2023|30June 2022|
|6.|Investments|(Continued)|||
||Comprising:||||
||UK Equities||854,459|675,284|
||Overseas
Equities||557,411|799,594|
||Fixed Interest|and other|||
||Asset classes||566,092|538,668|
||Cash deposits|awaiting|||
||Investment||77,357|28,09 I|
||||2,055,3 I9|2,04I,637|
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