|Trustees' Report|||
|---|---|---|
|Objectives and Activities|||
|Achievements<br>and Performance|||
|Financial Review|||
|Future Plans|||
|Structure, Governance|and Management||
|Reference and Administrative||Details|
|Statement ofTrustees' Responsibilities|||
|Independent<br>Auditors'<br>Report|||
|Statement ofFinancial Activities|||
|Balance Sheet|||
|Statement of Cash Flows|||
|Accounting<br>Policies|||
|Notes to the Financial Statements|||





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||||||12Month||
|---|---|---|---|---|---|---|
||Note|Unrestricted|Restricted|Endowment|Total|7Month|
|||fund|fund|fund|2022|Total 2021|
|Income and endowments|from:||||||
|Donations<br>and legacies|||28,892||28,892|75,677|
|Rental income||410,526|||410,526|245,307|
|Investment<br>income||135|||135|146,796|
|Total||410,661|28,892||439,553|467,780|
|Raising funds|||||||
|Investment<br>costs||||||14,756|
|||||||14,756|
|Charitable<br>activities|||||||
|Grants||300,000|||300,000|14,679,508|
|Support costs||45,168|||45,168|68,498|
|||345,168|||345,168|14,748,006|
|Total expenditure||345,168|||345,168|14,762,762|
|Net gains on investments||||142,192|142,192|814,866|
|Net movement<br>in funds||65,493|28,892|142,192|236,577|(13,480,116)|
|Funds at 1August 2021||767,092|253,597|6,128,983|7,149,672|20,629,788|
|Funds at 31July 2022||832,585|282,489|6,271,175|7,386,249|7,149,672|





## 

|||Note|31July 2022|31July|2021|
|---|---|---|---|---|---|
|Fixed assets||||||
|Investment|property||6,271,175||6,128,983|
||||6,271,175||6,128,983|
|Current assets||||||
||Debtors||768,048|711,671||
||Cash at bank||412,516|390,995||
||||1,180,564|1,102,666||
||Creditors||65,490|81,977||
|Net current assets|||1,115,074||1,020,689|
|Total assets|||7,386,249||7,149,672|
|Funds||||||
||Endowment|10|6,271,175||6,128,983|
||Restricted|9|282,489||253,597|
||Unrestricted|8|832,585||767,092|
||||7,386,249||7,149,672|





|||2022|2021|
|---|---|---|---|
|Cash flows from operating<br>activities:||||
|Net cash provided<br>by operating<br>activities||21,521|(580,411)|
|Cash flows from investing<br>activities:||||
|Proceeds from sale ofinvestments|||1,553,671|
|Purchase of investments|||(1,637,773)|
|Net cash used in investing<br>activities:|||(84,102)|
|Change in cash and cash equivalents|in the period|21,521|(664,513)|
|Cash and cash equivalents<br>at 1August 2021||390,995|1,055,508|
|Cash and cash equivalents<br>at 31July|2022|412,516|390,995|
|Cash flows from operating<br>activities||2022|2021|
|Net income for the reporting<br>period||||
|(as per the statement<br>of financial activities)||236,577|(13,480,116)|
|Adjustments<br>for:||||
|(Gains) on investments||(142,192)|(807,866)|
|Investments<br>gifted to Merchant Taylors' Foundation|||13,517,486|
|(Increase)/Decrease<br>in debtors||(56,376)|159,143|
|(Decrease)/Increase<br>in creditors||(16,488)|30,942|
|||21,521|(580,411)|





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|.<br>Grants||||
|---|---|---|---|
||||12Month Total|
||||2022|
|Institutional||grants||
|Merchant|Taylors' Foundation||300,000|
|Total|||300,000|
|Comparative||information||
||||7Month Total|
||||2021|
|Institutional||grants||
|Merchant|Taylors' Foundation||14,683,946|
|Individual|Grants||362|
|Historical|grants written back||(4,800)|
|Total|||14,679,508|



## 

||||12Month Total|7Month Total|
|---|---|---|---|---|
||||2022|2021|
|Administration||costs|29,048|27,484|
|Debt written|off|||29,802|
|Insurance|||520|286|
|Professional|fees|||4,126|
|Audit fees —current year|||7,200||
|Audit fees —prior year|||8,400|6,800|
||||45,168|68,498|





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||||2022|2021|
|---|---|---|---|---|
|Valuation|at|1August 2021|6,128,983|6,180,903|
|Revaluation|||142,192|(51,920)|
|Valuation|at|31July 2022|6,271,175|6,128,983|



## 

||||2022|2021|
|---|---|---|---|---|
|Valuation|at 1August 2021|||12,846,293|
|Additions||||1,637,773|
|Disposals||||(15,071,157)|
|Market value gains||||866,786|
|Movement|in investment|cash||(279,695)|
|Valuation|at 31July 2022||||





## 

|||2022|2021|
|---|---|---|---|
|Prepayments|&accrued income|427|481|
|Rent receivable||16,019||
|Other debtors||751,602|711,190|
|||768,048|711,671|



## 

||2022|2021|
|---|---|---|
|Accruals|10,203|8,401|
|Deferred income|49,285|58,956|
|Other creditors|6,002|14,620|
||65,490|81,977|



|Other creditors includes balances with connected parties:|||
|---|---|---|
||2022|2021|
|Bradestrete Services Limited|6,002|14,620|





## 

|||Balance|Income|Expenditure|Balance|
|---|---|---|---|---|---|
|||1August 2021|||31July 2022|
|Unrestricted|funds|767,092|410,661|(345,168)|832,585|
|Comparative|information|Balance|Income|Expenditure|Balance|
|||1January 2021|||31July 2021|
|Unrestricted|funds|1,430,648|436,573|(1,100,129)|767,092|
|9.<br>Restricted|Funds|||||
|||Balance|Income|Expenditure|Balance|
|||1August 2021|||31July 2022|
|Parker bequest||253,597|28,892||282,489|
|Comparative|information|Balance|Income|Expenditure|Balance|
|||1January 2021|||31July 2021|
|Parker bequest||222,752|31,207|(362)|253,597|





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|||||Balance|Net Income|Investment|Balance|
|---|---|---|---|---|---|---|---|
||||1|August 2021||gains|31July 2022|
|Permanent|Endowment|||6,128,983||1421,92|6,271,175|
|Comparative||information||Balance|Net Income|Investment|Balance|
||||1|January 2021||gatns|31July 2021|
|Permanent|Endowment|||18,976,388|(13,662,271)|814,866|6,128,983|





## 

|At 31July 2022|Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
|Investments|||6,271,175|6,271,175|
|Current assets|832,585|282,489||1,115,074|
||832,585|282,489|6,271,175|7,386,249|
|At 31July 2021|Unrestricted|Restricted|Endowment|Total|
||funds|funds|funds|funds|
|Investments|||6,128,983|6,128,983|
|Current assets|767,092|253,597||1,020,689|
||767,092|253,597|6,128,983|7,149,672|



## 



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|||2022|2021|
|---|---|---|---|
|Due|within one year|410,526|410,526|
|Due|between one and five years|1,642,107|1,642,107|
|Due|after five years|5,798,694|6,209,220|
|||7,851,327|8,261,853|





## 

||||||7Month|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|
|||fund|fund|fund|2021|
|Income and endowments|from:|||||
|Donations<br>and legacies||44,470|31,207||75,677|
|Rental income||245,307|||245,307|
|Investment<br>income||146,796|||146,796|
|Total||436,573|31,207||467,780|
|Raising funds||||||
|Property costs||||||
|Investment<br>costs||||14,756|14,756|
|||||14,756|14,756|
|Charitable<br>activities||||||
|Grants||1,031,631|362|13,647,515|14,679,508|
|Support costs||68,498|||68,498|
|||1,100,129|362|13,647,515|14,748,006|
|Total expenditure||1,100,129|362|13,662,271|14,762,762|
|Net gains on investments||||814,866|814,866|
|Net movement<br>in funds||(663,556)|30,845|(12,847,405)|(13,480,116)|
|Funds at 1January 2021||1,430,648|222,752|18,976,388|20,629,788|
|Funds at 31July 2021||767,092|253,597|6,128,983|7,149,672|