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|Reports|||
|---|---|---|
|Legal and|administrative|information|
|Trustee's|report||
|Independent
auditor's||report|
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|Accounts|||
|---|---|---|
|Statement
offinancial|activities||
|Balance sheet||13|
|Principal
accounting|policies|14|
|Notes to the accounts||17|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|Total|
|||Notes|funds
f|funds
8|funds
f|funds
6|funds
6|
|Income:||||||||
|Donations||1|31,000|55,200||86,200|78,500|
|Investment
income||2|118,604|46,353||164,957|194,437|
|Total income|||149,604|101,553||251,157|272,937|
|Expenditure:||||||||
|Charitable
activities||3|152,590|76,891||229,481|262,203|
|Total expenditure|||152,590|76,S91||229,481|262,203|
|Net (expenditure)|Income before gains|||||||
|(losses) on Investments|||(2,986)|24,662||21,676|10,734|
|Net gains (losses)|on investments|7|||1,214,314|1,214,314|(472,193)|
|Net (expenditure)|income and net|||||||
|movement
In funds|||(2,986)|24,662|1,214,314|1,236,990|(461,459)|
|Reconciliation
of|funds:|||||||
|Fund balances
brought forward||||||||
|at 1 July 2020|||271,841|88,001|7,904,502|8,264,344|8,725,803|
|Fund balances carried forward||||||||
|at 30June 2021|||268,855|112,663|9,118,816|9,500,334|8,264,344|
##
||||||||2020|
|---|---|---|---|---|---|---|---|
|||||t)nrestricted|Restricted|Endowment|Total|
||||Notes|funds
E|funds
f|funds
f|funds|
|Income:||||||||
|Donations|||1|31,000|47,500||78,500|
|Investmentincome|||2|143,012|51,425||194,437|
|Total income||||174,012|98,925||272,937|
|Expenditure:||||||||
|Charitable
activities|||3|148,889|113,314||262,203|
|Total expenditure||||148,889|113,314||262,203|
|Net income (expenditure)||before gains on||||||
|investments||||25,123|(14,389)||10,734|
|Net gains (losses) on investments|||7|619||(472,812)|(472,193)|
|Net income (expenditure)||and net movement||||||
|in funds||||25,742|(14,389)|(472812)|(461,459)|
|Reconciliation|offunds:|||||||
|Fund balances|brought forward|||||||
|at 1Ju/y 2019||||246,099|102,390|8,3TT,314|8,725,803|
|Fund balances|canied forward|||||||
|at 30June 2020||||271,841|88,001|T,904,502|8,264,344|
|||Notes|2021|2021
5|2020f|2020f|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Listed investments||||9,175,856||7,961,542|
|Current assets|||||||
|Debtors||8|48,562||102,305||
|Short term deposits|||127,127||127,078||
|Cash at bank and in hand|||173,996||112,935||
||||349,685||342,318||
|Liabilities:|||||||
|Creditors;
amounts|falling due||||||
|within one year||9|(25,207)||(39,516)||
|Net current assets||||324,478||302,802|
|Total assets less current|||||||
|liabilities||||9,500,334||8,264,344|
|The funds ofthe charity|||||||
|Capital funds:|||||||
|Endowmentfunds||10||9,118,816||7,904,502|
|Income funds:|||||||
|Restricted
funds||||112,663||88,001|
|Unrestricted
funds|||||||
|.General funds||||268,855||271,841|
|Total charity funds||||9,500,334||8,264,344|
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|1|Donations|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Restricted|||Unrestricted||Restricted|||
||||||funds
f|funds
f||2021||funds||funds
E|2020
f|
||Donations
from|The||||||||||||
||Worshipful
Company
ofCarpenters||||31,000||31,000|||31,000|||31,000|
||Donaticns
from|The||||||||||||
||Carpenters'|||||||||||||
||Company
Charitable
Trust|||||55,200|55,200|||||47,500|47,500|
||||||31,000|55,200|86,200|||31,000||47,500|78,500|
|2|Investment
income|||||||||||||
|||||Unrestricted||Restricted|||Unrestricted|||Restricted||
||||||funds
f|funds
E||2021
E||funds||funds
f|2020
f|
||Income from listed||||118,575|46,353|164,928|||142,386||51,425|193,811|
||investments|||||||||||||
||Interest receivable||||29|||29||626|||626|
||||||118,604|46,353|164,957|||143,012||51,425|194,437|
|3|Charitable
activities|||||||||||||
|||||Unrestricted||Restricted|||Unrestricted|||Restricted||
||||||funds
f|funds
f||2021
E||funds
E||funds
f|2020
f|
||Grants payable||||127,449|76,891|204,340|||126,981||113,314|240,295|
||Support costs||||25,141||25,141|||21,908|||21,908|
||||||152,590|76,891|229,481|||148,889||113,314|262,203|
||The charity
made grants||||to individuals
in accordance|||with|its|grant making||policy set|out in|
||the Trustee's|report.||||||||||||
||Support
costs comprise||||a management
charge||in|respect||of staff|supporting
the||grant|
||making
function||and|governance||costs (note 4).||||||||
||The grants payable|||to individuals||during
the year|were for||the|following|purposes:|||
||||||||2021|||2021||2020|2020|
|||||||||No.||E||No.||
||Liverymen,
Freemen,|||retirees and their||||||||||
||dependants|||||||6||30,084||6|33,421|
||Craft education|||||||22||82,390||36|106,814|
||Other education|||||||24||91,866||22|96,328|
||Other grants|||||||||||2|3,732|
|||||||||52||204,340||66|240,295|
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|4|Governance costs|Governance costs|||
|---|---|---|---|---|
||||2021f|2020f|
||Auditor's|remuneration|2,580|2,360|
##
|Fixed asset i|nvestme|nts|||
|---|---|---|---|---|
||||2021|2020|
|Listed investments|||f||
|Market value at 1 July 2020|||7,961,539|8,478,732|
|Disposals||||(45,000)|
|Net unrealised|gains/ (losses)||1,214,314|(472,812)|
|Realised gains||||619|
||||9,175,853|7,961,539|
|Cash held by investment||managers|3|3|
|Market value at|30June|2021|9,175,856|7,961,542|
|Cost at 30June|2021||4,879,121|4,879,121|
##
|Debtors|||
|---|---|---|
||2021f|2020f|
|Accrued income|48,484|48,485|
|Other debtors|78|53,820|
||48,562|102,305|
##
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|||||||||2021f|2020f|
|---|---|---|---|---|---|---|---|---|---|
||Amount|due|to|The Worshipful||Company|ofCarpenters|22,319|22,192|
||Accruals|||||||2,580|17,024|
||Other creditors|||||||308|300|
|||||||||25,207|39,516|
|10|Endowment|||funds||||||
|||||||||2021|2020|
||||||||||f.|
||Permanent||endowment||funds|||6,538,162|5,667,503|
||Expendable||endowment||funds|||2,580,654|2,236,999|
|||||||||9,118,816|7,904,502|
|(a) Permanent|(a) Permanent|endowment|funds|||||
|---|---|---|---|---|---|---|---|
||||At 1 July|Gains and|At 1 July|Gains and|At 30June|
||||2019|lossesf|2020
f|losses
f|2021
f|
|Capital|fund||4,650,658|(262,481)|4,388,177|674,125|5,062,302|
|Pysden|fund||1,355,850|(76,524)|1,279,326|196,534|1,476,860|
||||6,006,508|(399,005)|5,667,503|870,659|6,538,162|
##
|(b) Ex|pendable
endowment|fund|||||
|---|---|---|---|---|---|---|
|||At||At||At|
|||1 July|Gains and|1 July|Gains snd|30June|
|||2019f|lossesf|2020|losses
f|2021
f|
|Capital|fund|1,489,057|(84,042)|1,405,015|215,843|1,620,858|
|The London Youth Trust fund||881,749|(49,765)|831,984|127,812|959,796|
|||2,370,806|(133,807)|2,236,999|343,655|2,580,654|
##
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|||||At 1|||At 30|
|---|---|---|---|---|---|---|---|
|||||July|||June|
|||||2020|Income|Expenditure|2021|
||||||8||6|
|Pysden|income||fund|47,714|28,087|(23,627)|52,174|
|Livery Awards||fund||475|40,000|(23,931)|16,544|
|The Portal Trust|||fund (formerly Sir John|||||
|Cess Foundation|||fund)|4,372|||4,372|
|London|Youth Trust fund|||29,307|18,266|(26,333)|21,240|
|Hart Award||||800|3,000|(500)|3,300|
|Stuckey|Award|||4,000|7,700||11,700|
|Ketless|Award|||1,333|2,000||3333|
|Osborne|Award||||2,500|(2,500)||
|||||88,001|101,553|(76,891)|112,663|
|||||Al 1|||Ar 30|
|||||July|||June|
|||||2019
E|Income
f|Expenditure|2020|
|Pysden|income||fund|52,570|31,144|(36,000)|47,714|
|Livery Awards||fund|||40,000|(39,525)|475|
|The Portal Trust|||fund (formerly SirJohn|||||
|Cess Foundation|||fund)|4,372|||4,372|
|London|Youth|Trust fund||38,148|20,281|(29,122)|29,307|
|Hart Award||||300|3,000|(2,500)|800|
|Stuckey|Award|||6,000||(2,000)|4,000|
|Kelless|Award|||1,000|2,000|(1,667)|1,333|
|Osborne|Award||||2,500|(2,500)||
|||||102,390|98,925|(113,314)|88,001|
##
|12|Analysis ofnet|Analysis ofnet|assets between|assets between|funds|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||General|Restricted|Endowment|Total|
|||||||funds|funds|funds|2021|
|||||||f|f|f|f|
||Fund balances|at||30June 2021||||||
||are represented||by:|||57,040||9,118,816|9,175,856|
||Investments|||||||||
||Current assets|||||237,022|112,663||349,685|
||Creditors: amounts|||falling due within|one|||||
||year|||||(25,207)|||(25,207)|
||Total net assets|||||268,855|112,663|9,118,816|9,500,334|
|||||||General|Restricted|Endowmenl|Total|
|||||||funds|funds|funds
f|2020
f|
||Fund balances at||30June 2020|||||||
||are represented|by:||||||||
||Investments|||||57,040||7,904,502|7,961,542|
||Cun ant assets|||||254,317|88,001||342,318|
||Creditors: amounts|||falling due within|one|||||
||year|||||(39,518)|||(39,516)|
||Total net assets|||||271,841|88,001|7,904,502|8,284,344|
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