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|Reference and administrative|||details ofthe Charitable|Company,|its Trustees and||
|advisers|||||||
|Trustees' report||||||2-6|
|Independent
examiner's||report|||||
|Statement offinancial|activities||||||
|Balance sheet|||||||
|Statement ofcash flows||||||10|
|Notes to the financial|statements|||||11-21|
|REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY,|REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY,|REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY,|REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY,|REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY,|REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY,|REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY,|REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY,|ITSTRUSTEES AND|
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||||ADVISERS||||||
||||FOR THE YEAR ENDED 31JULY 2022||||||
|Trustees|||Lors De Felice, Co-opted Trustee, Chair||||||
||||Mark Miller, Co-opted Trustee||||||
||||Barbara Burman,
Co-opted Trustee||||||
||||Yvonne Sonsino, Co-opted Trustee (resigned 26 October 2020)||||||
||||Adrian Capps, Co-opted|Trustee, Vice||Chair|||
||||John Parmiter,
Nominee|of the|University
ofthe Aria||London||
||||Alison Lowton, Nominee|ofthe|Mary Ward Settlement||||
||||Alexi Marmot,
Nominee|of the Working||Mens's College (appointed 3September|||
||||2020)||||||
||||Darius Farrokh Pocha, Co-opted Trustee (appointed||||27 September 2021)||
|Company|registered||||||||
|number|||10388335||||||
|Charity registered
number|||1169925||||||
|Registered||office|85Great Portland Street||||||
||||First Floor||||||
||||London||||||
||||Wiw TLT||||||
|Company|secretary||Catherine
Armskong||||||
|Independent||Examiner|John Howard
FCA||||||
||||Azets Audit Services Limited||||||
||||2"v Floor, Regis House||||||
||||45 King William Street||||||
||||London. EC4R 9AN||||||
|Bankers|||CAF Bank Ltd||||||
||||PO Box289||||||
||||West Mailing||||||
||||Kent||||||
||||ME'i9 4TA||||||
|Solicitors|||Stone King LLP||||||
||||Boundary House||||||
||||91 Charlerhouse
Street||||||
||||London||||||
||||EC1M 6HR||||||
|Investment||Managers|CCLA Investment
Management||Ltd||||
||||Senator House||||||
||||85Queen Victoria Street||||||
||||London||||||
||||EC4V 4ET||||||
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|||||Unrestricted|Total|Toia/|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2022|2022|2021|
||||Note|E|E|6|
|Income from:|||||||
|Donations:|||||||
|Queens prize||||500|500|1,000|
|Government
Grants||||700|700||
|Investments||||95,774|95,774|95,111|
|Total income||||96,974|96,974|96,111|
|Expenditure
on:|||||||
|Charitable
activities|||4|105,298|105,298|10'/,571|
|Total expenditure||||105,298|105,298|101,571|
|Net (expenditure)||before net gains on|||||
|investments||||(8,324)|(8,324)|(5,460/|
|Net (loss)/gains
on||investments|10|(40,173)|(40,173)|354,696|
|Net movement|in funds before other recognised||||||
|gains||||(48,497)|(48,497)|349,438|
|Other recognised||gains:|||||
|Gains on revaluation||offixed assets||||1,333,721|
|Net movement
in|funds|||(48,497)|(48,497)|1,663,159|
|Reconciliation
of|funds:||||||
|Total funds brought||forward||12,552,000|12,562,00D|10,878,841|
|Net movement
in funds||||(48,497)|(48,497)|1,663,159|
|Total funds carried||forward||12,513,503|12,513,503|12,562,000|
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||||Unrestricted|Total|Tote/|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2021|
||||E|s|f|
|Property
rental income|||21,411|21,411|21,411|
|Listed investments|- dividend|income|74,219|74,219|73,687|
|Bank interest|||144|144|13|
|Total 2022|||95,774|95774|06,111|
|Total 2021|||95,111|95,111||
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|||Grant|||
|---|---|---|---|---|
|||funding of|Support|Total|
|||activities|costs||
|||2022|2022|2022|
|||E||E|
|Charitable|activities|62,478|42,620|105,298|
|||Grant|||
|||funding of|Support|Total|
|||acti vitiss|costs||
|||2021f|2021
6|2021
f|
|Charitable|activities|66,054|32,617|101,571|
|Analysis|ofsupport costs||||
|||Activities|Total|Total|
|---|---|---|---|---|
|||2022|2022|2021|
|||E|K||
|Staff costs||23,171|23,171|23,150|
|Sundry expenditure||171|171|2,458|
|Governance|costs|5,864|5,864|7,000|
|Professional|fees|13,614|13,614||
|||42,820|42,820|32,617|
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|5.|Governance costs|||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||2||
||Independent
Examiner's||remuneration:|||||
||- Examination
of the|financial statements||||1,850|6,000|
||- Financial statements||preparation|||2,500||
||Under accrual ofprior year accounts preparation||||fees||1,000|
|||||||4,350|7,000|
|6.|Grants payable|||||||
|||||||2022|2021|
|||||||5||
||Grants to institutions|||||||
||Working
Men's College|||||4,900|4,000|
||Mary Ward Centre|||||11,000|14,000|
||Morley College|||||10,700|11,000|
||Birkbeck College|||||8,800|8,000|
||City &Guilds of London||Art School|||7,000|6,000|
||University
ofthe Arts|London||||20,600|21,000|
||AAD School London|Metropolitan||University||7,000|5,000|
||Grants authorised
in|previous years but not taken|||up|(9,022)|(2,046)|
|||||||60,978|66,054|
||Grants to individuals|||||||
||Queen's
Scholarship|||||1,000|1,500|
||William
Atkinson
Scholarship|||||500|500|
|||||||1,500|2,000|
|||||||62,478|68,054|
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|||||2022
f|2021
f|
|---|---|---|---|---|---|
|Wages and|salaries|||20,650|20,799|
|Social security costs||||1,691|1,712|
|Contribution|to defined|contribution|pension schemes|630|648|
|||||23,171|23,f50|
|2022|2021|
|---|---|
|No.|No.|
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||Listed|
|---|---|
||investments|
||E|
|Cost or valuation||
|At 1 August 2021|2,614,659|
|Disposals||
|Revaluations|(40,173)|
|At 31 July 2022|2,574,486|
|Net book value||
|At 31July 2022|2,574,486|
|At 31Ju/y 2021|2,614,659|
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|||2022|2021|
|---|---|---|---|
|||E||
|Due within|one year|||
|Prepayments|and accrued income|18,836|18,619|
|||18,836|18,619|
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||2022|2021|
|---|---|---|
||E|E|
|Other taxation and social security|327|535|
|Other creditors|353|5408|
|Accruals|4,350|6,000|
|Grant commitments|140,510|144,860|
||145,540|152,803|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||E||
|Net inoome|for the year (as|per Statement|of Financial|Activities)|(48,497)|349,438|
|Adjustments|for:||||||
|Net loss/ (gains) on investments|||||40 173|(354898)|
|Investment|income||||(95,774)|(95,111)|
|(Increase) in debtors|||||(217)|(201)|
|(Decrease)|in creditors||||(7,263)|(22,590)|
|Net cash used in operating||activities|||~111578)|~f23462|
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|||2022|2021|
|---|---|---|---|
|Amounts|receivable|||
|Within
1|year||21,411|
|Between|1 and 5years|||
||||21,411|
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|||||||2022f|2021f|
|---|---|---|---|---|---|---|---|
|Alison|Lowton||- nominated|by the Mary Ward|Setllement|11,000|14,000|
|Alexi|Marmot|-|nominated|by the Working Men's College||4,900|4,000|
|John|Parmiter||- nominated|by the University|ofArts London|20,600|21,000|
|||||||30,500|39,000|