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|Contents|Page|
|---|---|
|Trustees'
Annual
Report|1-4|
|independent
Examiner"s Report|5|
|Statement cfFinancial Activities|6|
|Balance Sheet|7|
|Notes tothe Accounts|8-14|
|Detailed Statement ofFinancial Activities|15|
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||||FO|RTHE YEAR|ENDED 31 M|ARCH 2023||||
|---|---|---|---|---|---|---|---|---|---|
|||||Permanent|Restricted|Total|Permanent|Resbicted|Total|
|||||Endowment|Funds|Funds|Endowment|Funds|Funds|
|||||2023|2023|2023|2022|2022|2022|
||||Mote|5|||5||F|
|INCOME AND ENDOWMENTS FROM:||||||||||
|Investments|||3||143,482|143,4&2||125,546|125,546|
|Total income and endowments|||||143,482|143,462||125,546|125,546|
|EXPENDITURE ON:||||||||||
|Portfolio management
Grants|fees||4
5|31,496|74,712|31,498
74,712|31,079|60,557|31,079
50,557|
|Grant administration||||||||551|551|
|Recharged costs
Governance
costs|||||35,978
2,550|35,978
2,550||25,764
2,520|25,764
2,520|
|Other|||||145|145||193|193|
|Exchange rate variance|||||719|719||2,201|2,201|
|Total expenditure||||31~6|1'l4,103|145,599|S1,079|91,785|122,884|
|Net gains/(losses)
on|investments|||(67,566)||(67,566)|503,518||503,518|
|Net incomingl(outgoing)||resources||(99,062)|29,378|(69,684)|472,439|33,761|506,199|
|Net movement
in funds||||(99,062)|29,378|(69,684)|472,439|3$,761|506,20S|
|Reconciliation offunds:||||||||||
|Total funds brought
forward||||5,262,027|344,683|5,606,710|4,789,588|310,922|5,100,510|
|Total funds carried forward||||5,162,964|374,061|5,537,027|5,262,027|344,683|5,606,710|
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|4|Raising funds|||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||||E|
||Investment
management
Portfolio management|costs||||31,496|31,037|
|||||||31,496|31,037|
|5|Grants payable|||||||
||||Bexley|Greater|Persons in|Total|Total|
||||Fund|London|Need Fund|2023|2022|
|||||Fund||||
|||||5||||
||Outward
Bound Trust|||5,820||5,820||
||Dimbleby Cancer Care|||2,000||2,000||
||SL Paul's Cathedral|||(2,191)||(2,191)|2,191|
||Lord Mayor's Appeal|||1,000||1,000|1,000|
||Jubilee Primary School|||5,000||5,000|5,000|
||St Paul's (Slade Green) Primary School|||5,000||5,000|5,000|
||Chrisfs Hospital School||||5,122|5,122|5,122|
||City ofLondon School for|Girls|||5,250|5,250|10,250|
||Guildhall School ofMusic|&Drama|||5,250|5,250|1,525|
||BVSCVarious||42,461|||42,461|12,318|
||Stepney City Farm||||||15,000|
||St.Vedast||||||650|
||Historic Royal Palaces||||||2,500|
||||42 611|16620|15022|74712|60657|
|6|Recharged expenses|||||||
|||||||2023|2022|
|||||||9|8|
||Staffcosts|||||35,000|25,000|
||Office costs|||||978|764|
|||||||35070|25 78,4|
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|xed Asset Investments||||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||5|6|
|Listed investments||||||
|Fair value at 1Apnl 2022||||5,349,192|4,878,741|
|Fees charged||||(31,496)|(31,037)|
|Income re-invested||||1,760|172|
|Movement
in unrealised
gains/(losses)
Movement
in exchange rate
Fair value at 31 March 2023||||(67,566)
~19
5251 171|503,518
~2.201
SS49192|
|e asset allocation
within|investments|was as follows:||||
|||||2023|2022|
|||||F|5|
|UK Holdings||||2,410,287|2,011,253|
|Overseas
Holdings||||2,840,884|3,337,825|
|Cash held for reinvestment|||||114|
|||||5251 171|5249 192|
|holdings comprise more than 5%of||the investment|portfolio|in 2023 and 2022.||
|btors||||||
|||||2023|2022|
|||||F|6|
|Investment
income|||||2|
|Other debtors and prepayments||||101,594|264|
|||||101,594|266|
|editors: liabilities falling due within||one year||||
|||||2023
F|2022f|
|Trade creditors||||35,264||
|Other creditors|||||475|
|Accruals||||2,550|2,520|
|||||37,814|2,995|
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|Movem|ent
in funds|||||
|---|---|---|---|---|---|
||||At01.04.22|Net|At31.03.23|
|||||Movement||
|||||in funds||
|Restricted funds||||||
|Permanent
Endowment||Fund|5,262,027|(99,082)|5,162,964|
|Bexley
Greater|Fund
London Fund||52,195
202,389|(16,438)
35,416|35,756
237,805|
|Persons
TOTAL|In Need Fund
FUNDS||90,100
5,606,710|10,401
~60 084|100,500
5017026.|
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|During|the year the m|ovements
in the|chanly'a funds were|as follows:|||
|---|---|---|---|---|---|---|
||||Incoming|Outgoing|Gains and|Movement|
||||resources|resources|hsses|in funds|
|||||F|||
|Restricted funds|||||||
|Permanent
Endowment||Fund||(31,496)|(67,566)|(99,062)|
|Bexley|Fund||35,870|(52,309)||(16,438)|
|Greater|London Fund||71,741|(36,325)||35,416|
|Persons|In Need Fund||35,870|(25,470)||10,401|
|TOTAL|FUNDS||143402|~146599|~67006|~69084|
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||Comparatives|for movement|for movement|in funds||At01.04.21|Net|At 31.03.22|
|---|---|---|---|---|---|---|---|---|
||||||||movement||
||||||||in funds||
||||||||6||
||Restricted funds||||||||
||Permanent
Endowment||Fund|||4,789,588|472,439|5,262,027|
||Bexhy Fund
Greater London|Fund||||40,795
186,847|11,400
15,542|52,195
202,389|
||Persons
In Need Fund|||||83,280|6,820|90,100|
||TOTAL FUNDS|||||51D0510|500200|56M710|
||Comparative
net movement|||in funds, included|in the above|ars asfollows:|||
||||||Incoming|Outgoirig|Gains and|Movement|
||||||resources|I'esau foes|losses|in funds|
|||||||8|6|F|
||Restricted funds||||||||
||Perinansnt
Endowment||Fund|||(31,079)|503,518|472,439|
||Bexley Fund||||31,387|(19,987)||11,400|
||Greater London Fund
Persons
In Need Fund
TOTALFUNDS||||62,773
31,387
125501|(47,232)
~24,M77
~122,064|503.518|15,542
6,820
506.200|
|15|Analysis offunds||||||||
||||||Fixed|Current|Current|Total|
||At 31-03-23||||Assets|Assets
f|Liabilities
6||
||Restricted||||5,251,171
5.251.171|323,670
(37,814)
323070 ~37.014||5,537,027
5537D27.|
||At 31%3-22||||||||
||Reslricted||||5349102
0,949192|260513 ~(2995
260513 ~2,000||5600710
5,6M, 710|
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|DETAILED PROF|IT AND LOSS ACCOUNT FOR THE Y|EAR ENDED 31 MARCH|2023|
|---|---|---|---|
|||31.03.2023|31.03.2022|
|INCOME AND ENDOWMENTS||||
|Investment
income||||
|Other investment
income||141,451|125,548|
|Loan interest received||1,500||
|Bank interest received||530||
|Total incoming
resources||14384&2|125,546|
|EXPENDITURE||||
|Investment
management|costs|||
|Portfolio management||31,496|31,079|
|Charitable activities||||
|Grants||74,712|60,557|
|Grant making costs|||551|
|Stalf costs||35,000|26,000|
|Office costs||978|764|
|Governance costs||||
|Accountancy fees||2,550|2,520|
|Other||||
|Bank charges||145|193|
|Exchange rate variance||719|2,201|
|Total resources expended||145,599|122,884|
|Nst incomef{expenditure)|before gains and losses|(2,118)|2,682|
|Net income/(expenditure)||22.8182|2,882|