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2020-12-31-accounts

Page
Reference and Administrative details
Report of the Council 2 —6
Donations and Subscriptions
Report of the Auditors to the Members 8 —10
Statement of Financial Activities
Balance Sheet 12
Notes to the Financial Statements 13—19

Patron HRH Princess Michael of Kent
Council (i.e.Trustees) C lan H Morton (Chairman) —Retired
Grant G Macdonald —Grant Macdonald
(Silversmiths)
John
M Bowles- JBFairway Presentations
Ltd		 Ltd
Robert WJ Preece —The Goldsmiths' Company Charity
—Director ofFinance
Mrs Victoria E Cox —Cox & Power —Retired
Richard Jarvis —Richard Jarvis of Pall Mall
David A Marshall —David Marshall London (Jeweller) Ltd
Ms Zoe Hill —Retired
Antony
Vanderpump
—Sterling Creations
lan Thomson —Retired
Sally Jones —Johnson Matthey PLC
Gary Williams —Presman Mastermelt
Kerry Gregory —Gemmo/ogy Rocks
Secretary Julie Griffin
Company Number 518834
Charity Number 205785
Principal and Registered Office P0 Box61660
London
SE99AN
Auditors Azets Audit Services
2'" Floor, Regis House
45 King William Street
London EC4R 9AN
Bankers CAF Bank Limited
25 Kings
Hill Avenue
Kings
Hill
West Mailing
Kent ME194JQ
Solicitors Charles,
Russell, Speechlys
6 New Street Square
London EC4A 3LX
Investment Managers J M Finn &Co
4 Coleman
Street
London
EC2R 5TA

C ommittee
members
in 2020 w		 ere:
C I H Morton (Chairman) R Jarvis SWesterman
J M Bowles S Loxton M Griffin
A Vanderpump J Surtees G Burton
K Gregory J Bell

2020 2019
Unrestricted Restricted Unrestricted
Funds Funds Total Funds
Notes F E
Incoming
from
Donations 29,296 75,000 104,296 7,476
Other trading
activities		 584 584 83,220
Investments 65,210 65,210 82,252
Total incoming 95,090 75,000 170,090 172,948
Expenditure
on:
Raising funds 34,966 34,966 73,446
Charitable
activities		 166,897 61,033 227,930 159,377
Total expenditure 201,863 61,033 262,896 232,823
Net outgoing
resources before other
recognised
gains		 and losses (106,773) 13,967 (92,806) (59,875)
Other recognised gains and losses:
Realised and unrealised
gains (losses) on
investment
assets		 22,151 22,151 348,273
Net movement
in		 funds (84,622) 13,967 (70,655 288,398
Fund balances
brought
forward
1 January		 2020 2,465,709 2,465,709 2,177,311
Fund balances carried
forward 31 December 2020 14 E2,381,087 f13,967 F2,395,054 E2,465,709

Note 2020 2019
Fixed Assets
Tangible assets 10 928 975
Investments 11 2,237,146 2,301,410
2,238,074 2,302,385
Current Assets
Debtors 1,176 5,682
Investment —bank balances
with Investment Managers 69,343 19,400
Cash at bank and in hand 93,314 144,904
163,833 169,986
Creditors: Amounts falling due
within one year 13 (6,853) (6,662)
Net Current Assets 156,980 163,324
Net Assets R2,395,054 f2,465,709
Represented
by:
Restricted funds 14 13,967
Unrestricted
funds		 14 2,381,087 2,465,709
f2,395,054 R2,465,709

Analysis
ofexpenditure		 Direct Support Total Total
Costs Costs 2020 2019
E E
Raising funds 16,874 18,092 34,966 73,446
Charitable
activities:
Grants and other costs 192,950 34,980 227,930 159,377
Total resources expended R209,824 853,072 8262,896 K232,823

The Report ofthe Council provides a further breakdown The Report ofthe Council provides a further breakdown The Report ofthe Council provides a further breakdown ofgrants paid.
Costs of raising funds 2020 2019
E
Investment manager's fees 16,874 13,401
Special activities costs 42,388
Allocation
ofsupport costs		 18,092 17,657
f34,966 f73,446
Grants and other costs
Staff costs 38,695 37,847
Travelling 13 697
Telephone 327 362
Printing,
postage and stationery		 824 733
Insurances and general expenses 1,670 1,590
Depreciation 373 406
Bank charges 164 129
Accountancy 2,440 2,220
Legal and professional fees 2,700
Governance costs 4,420 4,200
Bad debts
Website costs 1,446 288
853,072 648,472
8. Governance Costs
Auditors'
remuneration		 -for audit 4,420 4,200
K4,420 F4,200

Fixed Assets Office
Equipment
f
Cost
At 1 January 2020 3,716
Additions 326
At 31 December 2020 4,042
Depreciation
At 1 January 2020 2,741
Charge for the year 373
At 31 December 2020 3,114
Net Book Value
At 31 December 2020 6928
At 31 December 2019 6975
Fixed Asset Investments Other
Investments
At valuation:
At 1 January 2020 2,301,410
Additions
at cost		 365,158
Disposals (451,573)
Gains/(losses)
for the year		 22,151
At 31 December 2020 K2,237,146
At 31 December 2019 E2,301,410
Historical cost:
At 31 December 2020 F1,551,092
At 31 December 2019 F1,628,238
Investments
at 31 December 2020 comprise		 securities listed on the London
Stock Exchange		 at market
value ofF1,050,179(2019:F1,094,390)and unlisted investments in a common
investment		 fund at market
value of F.1,186,967(2019:E1,207,020).

Debtors 2020 2020 2019
E E
Due within one year:
Income receivable 5,277
Prepayments 1,176 405
Accrued income
E1,176 E5,682
Creditors: Due within one year
Accruals 6,000 5,800
Other creditors 853 862
6,853 E6,662
Movements in funds
Other
recognised
At Incoming Resources gains and At
01.01.20
E		 Resources expended
E		 losses
f		 Transfers 31.12.2020
Restricted funds
- Hardship Fund 75,000 (61,033) 13,967
Unrestricted funds
- General funds 2,465,709 95,090 (201,863) 22,151 2,381,087
2,465,709 170,090 (262,896) 22,151 2,395,054

Capital Income Total
E E
Net Incoming Resources for the year (106,773) (106,773)
Other recognised
gains:
- Gain on investment
assets		 22,151 22,151
Net movement
in funds before transfers		 (84,622) (84,622)
Transfers
between
funds		 5,277 (5,277)
Total movement
for year		 5,277 (89,899) (84,622)
At 1 January 2020 2,054,965 410,744 E2,465,709
At 31 December 2020 E2,060,242 E320,845 E2,381,087
Analysed as to:
Realised 1,374,188 320,845 1,695,033
Unrealised 686,054 686,054
Total at 31 December 2020 E2,060,242 E320,845 E2,381,087