|||Page||
|---|---|---|---|
|Report ofthe Trustees|I|to|3|
|Independent
Examiner's
Report||||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|7|to|13|
|Detailed Statement of Financial Activities|i4|to|15|
##
##
##
##
##
##
##
||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|fund|funds|funds|
|||||Notes|||||
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations
and legacies|||||19,346||19,346|55,755|
|Investment
income|||||107,264|2,445|109,709|99,200|
|Total|||||126,610|2,445|129,055|154,955|
|EXPENDITURE ON|||||||||
|Raising funds|||||17,696|258|17,954|19,046|
|Charitable
activities|||||||||
|Other donations
and|bequests||||125,272||125,272|139,107|
|Total|||||142,968|258|143226|158,153|
|iNet gains/(losses)
on|investments||||111,679|1,460|113,139|~400,511i|
|NET INCOME/(EXPENDITURE)|||||95,321|3,647|98,968|(403,709)|
|RECONCILIATION||OF FUNDS|||||||
|Total funds brought|forward||||3,096,076|56,886|3,152,962|3,556,67]|
|TOTAL FUNDS CARRIED FORWARD|||||3,191397|60,533|3 251,930|3 152,962|
##
##
|||||2023|2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|fund|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Investments|12|3,188,052|69,035|3,257,087|3,130,452|
|CURRENT ASSETS||||||
|Debtors
Cash at bank and in hand|13|24,268|~8,502)|15,766|25,904
17,107|
|||24,268|(8,502)|15,766|43,011|
|CREDITORS||||||
|Amounts
falling due within one year|14|(20,923)||(20,923)|(20,501)|
|NET CURRENT ASSETS||3,345|~8,502)|~5,157)|22,510|
|TOTAL ASSETS LESS CURRENT||||||
|LIABILITIES||3,191,397|60,533|3,251,930|3,152,962|
|NET ASSETS||3,191,397|60,533|3251,930|3,152,962|
|FUNDS|15|||||
|Unrestricted
funds||||3,191,397|3,096,076|
|Restricted
funds||||60,533|56 886|
|TOTAL FUNDS||||3,251,930|3,152,962|
##
##
##
##
##
##
##
|2.|DONATIONS
AND LEG|ACIES||||
|---|---|---|---|---|---|
|||||2023|2022|
||Donations
and gifts|||10,166|55,755|
||Gift aid|||9,180||
|||||19,346|55,755|
|3.|INVESTMENT INCOME|||||
|||||2023|2022|
||Dividends
and interest|||109,709|99,200|
|4.|RAISING FUNDS|||||
||Investment
management|costs||||
|||||2023|2022|
||Portfolio management|||17,954|19,046|
|5.|CHARITABLE ACTIVITIES COSTS|||||
||||Direct|Support||
||||Costs (see|costs (see||
||||note 6)|note 7)|Totals|
||Other donations
and bequests||64,712|1,259|65,97]|
|6.|DIRECT COSTS OFCHARITABLE ACTIVITIES|||||
|||||2023|2022|
||Scholarships|||29,761|56,999|
||Assistance
to Liverymen|||273|1,125|
||Dining scholars|||125|2,202|
||General
and church grants|||1,200|2,500|
||Beloe Fellowship|||10,000|5,000|
||Service awards
and dinners|||190|12,770|
||Dining subsidy|||2,838||
||Cutters|||9,871||
||Primary
Engineers|||10,390||
|||||64,648|~80 596|
##
|SUPPORT|COSTS|||||
|---|---|---|---|---|---|
|||||Governance||
||||Management|costs|Totals|
|Grants payable|||59,365|],259|60,624|
|Support costs, included||in the above, are as follows:||||
|||||2023|2022|
|||||Grants|Total|
|||||payable|activities|
|Wages||||42,397|42,398|
|Office costs||||8,727|3,783|
|Apprentice|coordinator fees|||5,600||
|Independent|examination|fee||3,900|3,800|
|||||60,624|58,511|
|NET INCOME/(EXPENDITURE)||||||
|Net income/(expenditure)||is stated aAer charging/(crediting):||||
|||||2023|2022|
|Independent|examination|fee||3,900|3,800|
##
##
##
##
|STAFFCOSTS||||||
|---|---|---|---|---|---|
|||||2023|2022|
|Wages and salaries||||42,397|~50 928|
|||||42,397|50,928|
|The average monthly|number ofemployees|during|the year was as follows:|||
|||||2023|2022|
|||||2|2|
##
|TANGIBLE FIXEDASSETS||
|---|---|
||Fixtures|
||and|
||fittings|
|COST||
|At 1stOctober 2022 and||
|30th September 2023|~2407|
|DEPRECIATION||
|At 1stOctober 2022 and||
|30th September 2023|2,407|
|NET BOOK VALUE||
|At 30th September 2023||
|At 30th September 2022||
##
|FIXEDASSETINVESTMENTS||||
|---|---|---|---|
|||Cash and||
||Listed|settlements||
||investments|pending|Totals|
|MARKET VALUE||||
|At 1stOctober 2022|3,020,345|110,107|3,130,452|
|Additions|379,621|452,108|831,729|
|Disposals|(344,279)|(494,575)|(838,854)|
|Revaluations|]33,760||133760|
|At 30th September 2023|3,189,447|67,640|3,257 087|
|NET BOOK VALUE||||
|At 30th September 2023|3,189,447|67,640|3,257,087|
|At 30th September 2022|3,020,345|110,107|3,130452|
|Investments|that are m|aterial
to the investment,
portfolio
ar|e detailed
as follows:||
|---|---|---|---|---|
||||2023|2022|
|JP Morgan|Fund||180,029|190,369|
|Mercantile|Investment|PlcNatixis|163,072|167,580|
##
||||||2023|2022|
|---|---|---|---|---|---|---|
||Amounts|owed|by group undertakings|||25,904|
|14.|CREDITORS:||AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||||2023|2022|
||Amounts|owed|to group undertakings||17,023||
||Other creditors|||||16,859|
||Accruals|and deferred||income|~3900|3,642|
||||||20,923|20,501|
|15.|MOVEMENT||IN FUNDS||||
||||||Net||
|||||At|movement|At|
|||||1.10.22|in funds|30.9.23|
||Unrestricted
funds||||||
||General|fund||3,096,076|95,321|3,191,397|
||Restricted
funds||||||
||Cohen fund|||56,886|3,647|60,533|
||TOTAL|FUNDS||3,152,962|98,968|3,251,930|
|Net movement|in funds, included
in|the above are as follows:||||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General
fund||126,610|(142,968)|1 11,679|95,321|
|Restricted
funds||||||
|Cohen fund||2,445|(258)|1,460|3,647|
|TOTAL FUNDS||129,055|~143 226)|113139|98,968|
##
|MOVEMENT|IN FUNDS -|continued||||
|---|---|---|---|---|---|
|Comparatives|for movement|in funds||||
|||||Net||
||||At|movement|At|
||||1.10.21|in funds|30.9.22|
|Unrestricted|funds|||||
|General
fund|||3,476,886|(380,810)|3,096,076|
|Restricted
funds||||||
|Cohen fund|||79,785|(22,899)|56,886|
|TOTAL FUNDS|||3,556671|~403,709)|3,152,962|
|Comparative|net movement
in funds|, included
in the above are a|s follows:|||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General
fund||]52,916|(157,881)|(375,845)|(380,810)|
|Restricted|funds|||||
|Cohen fund||2,039|(272)|(24,666)|(22,899)|
|TOTAL FUNDS||154955|~158,153)|L400,5111)|~403,709)|
|A current ye|ar 12 months
and prior year 12|months
combined
position is as foll|ows:||
|---|---|---|---|---|
||||Net||
|||At|movement|At|
|||1,10.22|in funds|30.9.23|
|||K|||
|Unrestricted|funds||||
|General
fund||3,476,886|(285,489)|3,191,397|
|Restricted|fuuds||||
|Cohen fund||79,785|(19,252)|60,533|
|TOTAL FUNDS||3,556,671|~304,741)|3,251,930|
##
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General
fund||279,526|(300,849)|(264,166)|(285,489)|
|Restricted
funds||||||
|Cohen fund||4,484|(530)|(23,206)|(19,252)|
|TOTAL FUNDS||284,010|~301,379)|~287,372)|~304,741)|
##
##
|||2023|2022|
|---|---|---|---|
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||||
|Donations
and gifts||10,166|55,755|
|GiA aid||9,180||
|||19,346|55,755|
|Investment
income||||
|Dividends
and interest||109,709|99,200|
|Total incoming
resources||129,055|154,955|
|EXPENDITURE||||
|Investment
management|costs|||
|Portfolio management||17,954|19,046|
|Charitable
activities||||
|Scholarships||29,761|56,999|
|Assistance to Liverymen||273|1,125|
|Dining scholars
General
and church grants||125
1,200|2,202
2,500|
|Beloe Fellowship||10,000|5,000|
|Service awards
and dinners||190|12,770|
|Dining subsidy||2,838||
|Cutters||9,871||
|Primary
Engineers||10,390||
|||64,648|80,596|
|Support costs||||
|Management
Wages
Office costs||42,397
8,727|50,928
3,783|
|Apprentice
coordinator|fees|5,600||
|||56,724|54,711|
|Governance
costs||||
|Independent
examination|fee|3,900|3,800|
|||6,859|3,800|
|Total resources expended||143,226|158,153|
|Net expenditure
before|gains and losses|(14,17i)|(3,198)|
|||2023|2022|
|---|---|---|---|
|Realised recognised
Realised gains/(losses)|gains and losses
on fixed asset investments|~20621)|~53 173)|
|Net expenditure||~34 792)|~56,371)|