**Charity number: 1188020**
## **The Scriveners' Company Sexcentenary Charity CIO**
## **Unaudited**
**Trustees' report and financial statements**
**For the year ended 31 July 2022**
**The Scriveners' Company Sexcentenary Charity, CIO**
## **Contents**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Independent examiner's report**|5|
|**Statement of financial activities**|6|
|**Balance sheet**|7|
|**Notes to the financial statements**|8 - 17|
**The Scriveners' Company Sexcentenary Charity, CIO**
## **Reference and administrative details of the Charity, its Trustees and advisers at the date of the Trustees' Report**
|**Trustees**|Mark Watson-Gandy, (Chair)|
|---|---|
||Barry John Fredrick Theobald-Hicks of Danbury|
||David Royston Philip|
||Julia Catharine Hett|
||Paul Richard Williams|
||Melville James Petrie|
||Nigel Paul Harding|
||Ronald Anthony Collins of Bishopstone|
||David John Hammond|
|**Charity registered**
**number**
1188020
**Principal office**
HQS Wellington
Temple Stairs
Victoria Embankment
London
WC2R 2PN
**Accountants**
Kreston Reeves LLP
Chartered Accountants
2nd Floor
168 Shoreditch High Street
London
E1 6RA
**Bankers**
CAF Bank Ltd
15 Kings Hill Avenue
West Malling
Kent
ME19 4JQ||
Page 1
## **The Scriveners' Company Sexcentenary Charity, CIO**
## **Trustees' report For the year ended 31 July 2022**
The Trustees present their report together with the financial statements of the Charity for the 1 August 2021 to 31 July 2022.
## **Objectives and activities**
## **Constitution and Objectives**
The Court of the Worshipful Company of Scriveners and the Trustees of the Worshipful Company of Scriveners Sexcentenary Charity Fund determined that the aims of the latter would be better served by the establishment of a Charitable Incorporated Organisation known as The Scriveners’ Company Sexcentenary Charity CIO which was registered with the Charity Commission on 18 February 2020 (registered number 1188020).
Under the terms of its Constitution dated 16th January 2020 the objects of the CIO are:
- Providing for the relief of hardship among Liverymen and Freemen of the Worshipful Company of Scriveners and their dependents;
- The making of grants to schools, colleges and other organisations for the advancement of education and contributing in whole or in part, to bursaries being awarded by such schools, colleges and other organisations, particularly but not limited to those involved in trades and crafts associated with the Worshipful Company of Scriveners;
- The relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage;
- The advancement of culture and heritage in the trades and crafts associated with the Worshipful Company of Scriveners;
- To support the charitable work of the Lord Mayor of the City of London; and
- To further the charitable work of the Worshipful Company of Scriveners.
## **Trustees and Members**
The Members of the CIO are the voting members of the Court of the Worshipful Company of Scriveners. There must be at least three Trustees and a maximum number of nine (including ex officio Trustees). The ex officio Trustees are the Master, Upper Warden, Renter Warden and Clerk.
The Trustees who served during the year and up to the date of this report were:
Mark Watson-Gandy (Chair from 19th July 2022) (Appointed 27th October 2021) Barry John Frederrick Theobald-Hicks of Danbury* (Chair to 19th July 2022) (Appointed 27th October 2021) David Royston Philip* (Appointed 27th October 2021)
Julia Catharine Hett* (Appointed 12th October 2022) Paul Richard Williams (Appointed 27th October 2021) Melville James Petrie* (Appointed 23rd August 2022) Nigel Paul Harding* (Appointed 12th October 2022) Ronald Anthony Collins of Bishopstone* (Appointed 12th October 2022) David John Hammond (Appointed 27th October 2021) Arnold Marc Lustman (Resigned 23rd August 2022) John d'Auvergne Maycock (Resigned 12th October 2022) Richard David Francis Bagley (Resigned 12th October 2022)
* above offer themselves for re-election at the forthcoming Annual General Meeting.
Page 2
**The Scriveners' Company Sexcentenary Charity, CIO**
**Trustees' report (continued) For the year ended 31 July 2022**
## **Objectives and activities (continued)**
## **Methods of appointment or election of Trustees**
At every annual general meeting of the Members of the CIO, one third of the Trustees shall retire by rotation being those who have been the longest in office since their last appointment or reappointment. Vacancies arising may be filled by a decision of the Trustees of the Charity. Trustees so appointed shall offer themselves for reelection at the Annual General meeting following their appointment.
## **Activities undertaken to achieve objectives**
The charity makes grants to charitable organisations to fulfil its objectives.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **Achievements and performance**
## **Review of activities**
In the year ended 31 July 2022, the Charity generated income of £33,552 (2021: £28,613) from donations and investments. In accordance with its policy, the Trustees made grants of £31,725 (2021: £34,800), including £3,000 (2021: £3,000) in accordance with the terms of the Julia Hett 400th Anniversary Fund.
## **Investment policy and performance**
The investments held by the Charity have been managed in accordance with the powers available to the Trustees.
At the 31 July 2022, the investment portfolio showed an unrealised loss of £4,574 (2021: £48,187) and a loss on disposal of investments of £10,367 (2021: £20).
## **Financial review**
## **Going concern**
Due to the continuing support of our donors and the Trustees reserves policy as outlined below and after making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
## **Reserves policy**
Reserves are invested to produce income which when added to the annual donations received enables the Trustees to maintain level payments in furtherance of the Charity's objectives. This is subject to the Trustees' policy of maintaining cash reserve with a value equivalent to a minimum one year's charitable donations payable, which is of the order of £30,000 to £34,000 per annum.
In the opinion of the Trustees the charity's assets are available and adequate to fulfil the obligations of the charity.
At the balance sheet date, the charity held reserves of £318,622 (2021: £333,916) of which £32,275 (2021: £35,275) is within designated funds, £25 (2021: £25) is within restricted funds and £286,322 (2021: £298,616) is within general funds.
Page 3
The Scriveners. Company Sexcentenary Charlty. CIO
Trustees. report Icontinuedl
For the year ended 31 July 2022
structure, governance and management
statement of Trustees, responsSbllltles
The Trustees are responsible for preparing the Trustees, report and the finanoial slalemenls in accordance with
applicable law and United Kingdotn Accounting Standards Iuniled Kingdom Generally Accepted Accounting
Practice).
The law applicable lo charities in England & Wales requires the Trustees to prepare finaneial statements lor
each financial year which give a true and fair view of the state of affairs of the Charity and of ils incoming
resources and application of resources, including its income and expenditure, for that peiiod. In preparing Ihese
financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consislenlly.,
observe the methods and piinciples of the Charities SORP IFRS 1021.,
make judgments and accounting estimates th81 are reasonable and prudent.,
state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject tts any material
departures disclosed and explained in the financial sl8lemenls',
prepare the financial statements on the going concern basis unl855 11 is illappropriale lo presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate acoounling records that are sufficient to show and explain
the Charity's transactions and disclos8 Wlth 1888on8ble accuracy al any lime the financial position of the Charity
and enable them lo ensure that the financial statements comply with the Charitie5 Act 2011. the Charity
{AGoounls and Reports) Regulations 2008 and the provisions ol the Trust deed. They are responsible for
safeguarding the assets ol the Charity and hence for taking ieason8ble steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and Signed on their behalf by..
Mark Watson-Gandy KSG
Trustee
Date.. 12 October 2022
Page 4
**The Scriveners' Company Sexcentenary Charity, CIO**
## **Independent examiner's report For the year ended 31 July 2022**
## **Independent examiner's report to the Trustees of The Scriveners' Company Sexcentenary Charity, CIO ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 July 2022.
## **Responsibilities and basis of report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 16 December 2022
Stephen Tanner BSc (Econ) FCA
Kreston Reeves LLP London
Page 5
**The Scriveners' Company Sexcentenary Charity, CIO**
## **Statement of financial activities For the year ended 31 July 2022**
|**Note**
**Income from:**
Donations
4
Transfer from former Charity
3
Investments
5
**Total income**
**Expenditure on:**
Raising funds
6
Charitable activities
**Total expenditure**
**Net (expenditure)/income before net**
**(losses)/gains on investments**
Net (losses)/gains on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**31 July**
**2022**
**£**
**26,212**
**-**
**7,340**
**33,552**
**2,075**
**31,830**
**33,905**
**(353)**
**(14,941)**
**(15,294)**
**333,891**
**(15,294)**
**318,597**|**Restricted**
**funds**
**31 July**
**2022**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**25**
**-**
**25**|**Total**
**funds**
**31 July**
**2022**
**£**
**26,212**
**-**
**7,340**
**33,552**
**2,075**
**31,830**
**33,905**
**(353)**
**(14,941)**
**(15,294)**
**333,916**
**(15,294)**
**318,622**|Total
funds
Period ended
31 July
2021
£
28,613
287,565
6,261|
|---|---|---|---|---|
|||||322,439|
|||||1,844
34,886|
|||||36,730|
|||||285,709
48,207|
|||||333,916|
|||||-
333,916|
|||||333,916|
The Statement of financial activities includes all gains and losses recognised in the year.
Page 6
The Scriven8rs' Company S8xcèntenary Charlty, CIO
Balance sheet
As at 31 July 2022
2022
2021
Note
Flxed assets
Investments
10
299,614
316,070
299,614
316,070
Current assets
Oeblors
Cash al bank and In hand
3,845
46,538
7,070
41,326
50.383
48,396
Creditors.. amounts falling due within one
year
12
131.375
130,5501
Net current assets
19,008
17,846
Total net assets
318,622
333,916
CharTrty funds
Reslri¢led funds
Unieslricled funds
13
13
25
318,597
25
333,891
Total funds
318,622
333,916
The financial slalemenls were approved and aulhorised for issue by the Trustees and signed on Ih8ir beh8K by,.
Mark Watson.Gandy KSG
Dale.. 12 October 2022
The notes on pages 8 10 17 form part of these finbncial statements.
Page 7
**The Scriveners' Company Sexcentenary Charity, CIO**
**Notes to the financial statements For the year ended 31 July 2022**
## **1. General information**
The Scriveners' Company Sexcentenary Charity is a registered charity (charity number 1188020). The registered office and principal address is HQS Wellington, Temple Stairs, Victoria Embankment, London, WC2R 2PN.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Scriveners' Company Sexcentenary Charity, CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debt and liabilities.
## **2.2 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 8
**The Scriveners' Company Sexcentenary Charity, CIO**
**Notes to the financial statements For the year ended 31 July 2022**
## **2. Accounting policies (continued)**
## **2.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.5 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Investments held as fixed assets are shown at cost less provision for impairment.
## **2.6 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.7 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.8 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
## **2.9 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 9
**The Scriveners' Company Sexcentenary Charity, CIO**
## **Notes to the financial statements For the year ended 31 July 2022**
## **3. Transfer from former Charity in prior year**
The assets and liabilities of The Worshipful Company of Scriveners Sexcentenary Charity Fund (registered charity number 271639) were transferred at 31 July 2020 to the Charity. These assets and liabilities are included within donations of these accounts and are made up of the following:
|Investments
Debtors
Cash at bank and in hand
Creditors|**2021**
**£**
**229,708**
**1,546**
**84,211**
**(27,900)**|
|---|---|
||**287,565**|
## **4. Income from donations and legacies**
|Donations
Gift aid|**Unrestricted**
**funds**
**31 July**
**2022**
**£**
21,978
4,234
26,212|**Total**
**funds**
**31 July**
**2022**
**£**
**21,978**
**4,234**
**26,212**|Total
funds
Period ended
31 July
2021
£
23,323
5,290|
|---|---|---|---|
||||28,613|
## **5. Investment income**
|Dividend income
Investment income|**Unrestricted**
**funds**
**31 July**
**2022**
**£**
7,336
4
7,340|**Total**
**funds**
**31 July**
**2022**
**£**
**7,336**
**4**
**7,340**|Total
funds
Period ended
31 July
2021
£
6,261
-|
|---|---|---|---|
||||6,261|
Page 10
**The Scriveners' Company Sexcentenary Charity, CIO**
## **Notes to the financial statements For the year ended 31 July 2022**
## **6. Investment management costs**
||**Unrestricted**|**Total**|Total|
|---|---|---|---|
||**funds**|**funds**|funds|
||||Period ended|
||**31 July**|**31 July**|31 July|
||**2022**|**2022**|2021|
||**£**|**£**|£|
|Investment management fees|2,075|**2,075**|1,844|
## **7. Analysis of expenditure by activities**
|||**Grant**|||
|---|---|---|---|---|
|||**funding of**|**Support**|**Total**|
|||**activities**|**costs**|**funds**|
|||**31 July**|**31 July**|**31 July**|
|||**2022**|**2022**|**2022**|
|||**£**|**£**|**£**|
||Expenditure|31,725|105|**31,830**|
|||Grant|||
|||funding of|Support|Total|
|||activities|costs|funds|
|||Period ended|Period ended|Period ended|
|||31 July|31 July|31 July|
|||2021|2021|2021|
|||£|£|£|
||Direct costs|34,800|86|34,886|
|**8.**|**Analysis of grants**||||
||||**2022**|2021|
||||**£**|£|
||Grants to institutions||**31,725**|34,800|
Page 11
**The Scriveners' Company Sexcentenary Charity, CIO**
## **Notes to the financial statements For the year ended 31 July 2022**
## **Breakdown of grants**
The Charity has made the following grants to institutions during the period:
|**Name of institution**
City of London School for Girls*
City of London School
St Paul's Cathedral Foundation
Stepney All Saints School (formerly Sir John Cass's Foundation School)
Lord Mayor's Appeal
British Ukrainian Aid*
LXX Squadron Welfare Fund
HMS Portland Welfare Fund
Sherrifs' and Recorder's Fund
Livery Schools Link Opportunity Fund
City of London Freemen's School
Heraldry Society
College of Arms Trust
Crime & Punishment Play
Royal British Legion
Hon. Chaplain's fund (Chapel of Royal Hospital Chelsea)
United Guilds Service
Society for Italic Handwriting
Corporation of the Sons of the Clergy
Society of Scribes and illuminators
The Master's ad hoc distribution fund (pre alocation)
Hestia*
Bloomfield Learning Centre*
Bloomfield Learning Centre
The Aldgate Primary School Laptops Appeal
Beckett Pageant
Clapton Common Club
Peter Esslemont prize
Edward Johnston Foundation|**2022**
**£**
**10,000**
**5,000**
**5,000**
**2,000**
**2,000**
**2,000**
**1,000**
**1,000**
**1,000**
**1,000**
**500**
**450**
**350**
**250**
**250**
**250**
**200**
**100**
**(25)**
**(200)**
**(400)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**31,725**|2021
£
10,000
5,000
5,000
2,000
2,000
-
-
1,000
1,000
-
500
450
350
-
250
250
(200)
100
-
100
400
1,500
1,500
1,000
1,000
500
500
500
100|
|---|---|---|
|||34,800|
* These grants were made in full or partially out of the Julia Hett 400th Anniversary Fund.
Page 12
**The Scriveners' Company Sexcentenary Charity, CIO**
## **Notes to the financial statements For the year ended 31 July 2022**
## **9. Trustees' remuneration and expenses**
During the period, no Trustees received any remuneration or other benefits. Also during the period, no Trustee expenses have been incurred.
## **10. Fixed asset investments**
|**Valuation**
At 1 August 2021
Disposals
Revaluations
Movement in cash
At 31 July 2022
**Net book value**
At 31 July 2022
At 31 July 2021
**11.**
**Debtors**
**Due within one year**
Other debtors
**12.**
**Creditors: Amounts falling due within one year**
Grants accrued|**Listed**
**investments**
**£**
**315,061**
**(31,365)**
**(4,574)**
**-**
**279,122**
**279,122**
315,061|**Cash**
**awaiting**
**investment**
**£**
**1,009**
**-**
**-**
**19,483**
**20,492**
**20,492**
1,009
**2022**
**£**
**3,845**
**3,845**
**2022**
**£**
**31,375**|**Total**
**£**
**316,070**
**(31,365)**
**(4,574)**
**19,483**|
|---|---|---|---|
||||**299,614**
**299,614**|
||||316,070
2021
£
7,070|
||||7,070
2021
£
30,550|
Page 13
**The Scriveners' Company Sexcentenary Charity, CIO**
**Notes to the financial statements For the year ended 31 July 2022**
## **13. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
**Designated funds**
Julia Hett 400th Anniversary
Fund
Designated Funds
Peter Esslemont Legacy Fund
**General funds**
Reserves
**Total Unrestricted funds**
**Restricted funds**
Festival of St Cecilia
**Total of funds**|**Balance at 1**
**August 2021**
**£**
**18,000**
**10,000**
**7,275**
**35,275**
**298,616**
**333,891**
**25**
**333,916**|**Income**
**£**
**-**
**-**
**-**
**-**
**33,552**
**33,552**
**-**
**33,552**|**Expenditure**
**£**
**(3,000)**
**-**
**-**
**(3,000)**
**(30,905)**
**(33,905)**
**-**
**(33,905)**|**Gains/**
**(Losses)**
**£**
**-**
**-**
**-**
**-**
**(14,941)**
**(14,941)**
**-**
**(14,941)**|**Balance at**
**31 July 2022**
**£**
**15,000**
**10,000**
**7,275**|
|---|---|---|---|---|---|
||||||**32,275**|
||||||**286,322**|
||||||**318,597**|
||||||**25**|
||||||**318,622**|
## **Designated Funds**
The Julia Hett 400th Anniversary Fund is to be expended by way of a capital and/or income at the rate of £3,000 per annum.
The Trustees have designated £10,000 to be distributed with regards to the Trustees' wishes.
The Peter Esslemont Prize is to fund a calligraphy prize.
## **General Funds**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
## **Restricted Funds**
Festival of St Cecilia funds were collected for a charitable donation to Festival of St Cecilia.
Page 14
**The Scriveners' Company Sexcentenary Charity, CIO**
## **Notes to the financial statements For the year ended 31 July 2022**
## **13. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
**Designated funds**
Julia Hett 400th Anniversary Fund
Designated Funds
Peter Esslemont Legacy Fund
**General funds**
General funds
**Total Unrestricted funds**
**Restricted funds**
Festival of St Cecilia
**Total of funds**|Income
£
21,000
10,000
7,775
38,775
283,639
322,414
25
322,439|Expenditure
£
(3,000)
-
(500)
(3,500)
(33,230)
(36,730)
-
(36,730)|Gains/
(Losses)
£
-
-
-
-
48,207
48,207
-
48,207|Balance at
31 July 2021
£
18,000
10,000
7,275|
|---|---|---|---|---|
|||||35,275|
|||||298,616|
|||||333,891|
|||||25|
|||||333,916|
Page 15
**The Scriveners' Company Sexcentenary Charity, CIO**
## **Notes to the financial statements For the year ended 31 July 2022**
## **14. Summary of funds**
## **Summary of funds - current year**
|
Designated funds
General funds
Restricted funds|**Balance at 1**
**August 2021**
**£**
**35,275**
**298,616**
**25**
**333,916**|**Income**
**£**
**-**
**33,552**
**-**
**33,552**
Income
£
38,775
283,639
25
322,439|**Expenditure**
**£**
**(3,000)**
**(30,905)**
**-**
**(33,905)**
Expenditure
£
(3,500)
(33,230)
-
(36,730)|**Gains/**
**(Losses)**
**£**
**-**
**(14,941)**
**-**
**(14,941)**
Gains/
(Losses)
£
-
48,207
-
48,207|**Balance at**
**31 July 2022**
**£**
**32,275**
**286,322**
**25**|
|---|---|---|---|---|---|
||||||**318,622**|
||||||Balance at
31 July 2021
£
35,275
298,616
25|
|**Summary of funds - prior year**||||||
|Designated funds
General funds
Restricted funds||||||
||||||333,916|
## **15. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Fixed asset investments
Current assets
Creditors due within one year
**Total**|**Unrestricted**
**funds**
**2022**
**£**
299,614
50,358
(31,375)
318,597|**Restricted**
**funds**
**2022**
**£**
-
25
-
25|**Total**
**funds**
**2022**
**£**
**299,614**
**50,383**
**(31,375)**|
|---|---|---|---|
||||**318,622**|
Page 16
**The Scriveners' Company Sexcentenary Charity, CIO**
## **Notes to the financial statements**
## **For the year ended 31 July 2022**
## **16. Related party transactions**
The Worshipful Company of Scriveners received donations totalling £3,227 (2021: £4,445) on behalf of the The Scriveners' Company Sexcentenary Charity CIO (Charity) and in the prior year, the Charity made payments totalling £1,113 to The Worshipful Company of Scriveners.
The Worshipful Company of Scriveners Company transferred £5,823 (2021: £500) to the Charity and made payments totalling £150 on behalf of the Charity within the year.
At the year end, £3,077 (2021: £5,823) was owed from the Worshipful Company of Scriveners to the Charity, this is included in debtors.
Page 17