2022-12-31-accounts - The City Of London Solicitors' Company Charitable Fund

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Trustee			The City of London Solicitors' Company	The City of London Solicitors' Company	The City of London Solicitors' Company	The City of London Solicitors' Company	The City of London Solicitors' Company	The City of London Solicitors' Company
			The officers	ofthe Trustee,		who	are	subject to election		by the Court of the
			City of London Solicitors' Company,					are:
			Master:						A. G. King
			Senior Warden:						S.de Gay
			Junior Warden:						E. Parker
			Chairman of	the Charities		Committee:			A. Marks
			Clerk:						L. C.James
Charity	number		249037
Address			4 College Hill,
			London,
			EC4R 2RB.
Website			www. citysolicitors. org/charity/the-cise-charitable-fund
Independent		auditors	F.W. Smith,	Riches &	Co.
			Chartered Accountants		&Statutory			Auditors,
			15Whitehall,
			London,
			SW1A 2DD.
Bankers			CAF Bank Ltd,
			25 Kings Hill	Avenue,
			Kings Hill,
			West Mailing,
			Kent,
			ME194JQ.
Investment		advisors	Investec Wealth and Investment				Limited,
			30Gresham	Street,
			London,
			EC2V 7QN.

lysis ofth	e grants made is given below (further detail	s are given in note 7to the financial sta	tements):
		2022	2021
			F
Health, welfare and advice		33,675	28,435
Education	and training	1,245	2,500
Music and	the arts	750	750
Lord Mayor's appeal		3,500	2,300
		39,170	33,985

						Note	2022	2021
							Total	Total
							unrestricted	unrestricted
							8 restricted	8 restricted
							funds	funds
							f.	F
Income and endowments
Donations and	legacies						46,897	56,929
Investment income							20,826	19,771
Interest receivable and similar				income			211
Total income							67,934	76,700
Expenditure
Costs ofraising	funds:
Investment management			costs				6,866	6,018
Administrative	fees						165	154
							7,031	6,172
Expenditure on charitable			activities:
Prizes awarded							2,061	1,542
Grants							40,359	34,943
							42,420	36,485
Total expenditure							49,451	42,657
Net income for the year			before
investment	losses	or gains					18,483	34,043
Net gains on investments						9	(151,262)	90,364
Net income and movement				in funds			(132,779)	124,407
Fund balance	brought	forward at 1 January			2022		970,386	845,979
Fund balance	carried forward at 31 December 2022						837,607	970,386

6.	Prizes awarded
											2022	2021
											f.	F
	Company prize										1,000	750
	Wig and Pen prize										1,000	750
											2,000	1,500
	Allocated costs (note	8)									61	42
											2,061	1,542
7.	Grants
											2022	2021
												F
	Haringey Law Centre											1,235
	Solicitors Benevolent	Association									2,500	2,500
	Lord Mayor's Appeal										3,500	2,300
	Personal Support Unit										2,500	2,000
	71 Cadet Detachment										245
	Clowns in the Sky										2,000
	Crown & Manor Club										2,000
	Mansion House Scholarship				Scheme						1,000	1,000
	IPSEA										2,000
	Sheriffs & Recorder Fund										1,000	750
	Royal British Legion										750	750
	ABF The Soldiers Charity			Current			Operation		Fund		750	500
	Tower of London Choral			foundation							750	750
	Free Representation	Unit										1,500
	Independent Provider	of		Special		Education			Advice (IPSEA)			1,500
	LawWorks											1,500
	Only Connect											1,500
	React (Rapid Effective Assistance						for Children			with
	potentially Terminal	illness)										1,000
	Clapton Common Boys		Club									1,500
	Drama Expressions for		Children									1,500
	Happy Days Children's		Charity									700
	Tower Hamlets Parents		Centre									1,500
	Social Welfare Solicitor		Qualification					Fund (see		note 14)	11,000	10,000
	United Guild Services										175
	Disasters Emergency	Fund									2,000
	Miracles										1,500
	Refugee Law Clinic										2,000
	Friends ofChelease Children's					Hospital					2,000
	Suited & Booted Centre			Ltd							1,500
											39,170	33,985
	Allocated costs (note	8)									1,189	958
											40,359	34,943

Allocation of	gove	rnance and su	pport costs
			Raising
			Funds	Prizes	Grants	Total
			2022 f.	2022 f.	2022 f.	2022f
Administrative	fees		165			165
Audit fee (donated		service)		61	1,189	1,250
Function/activity	total		165	61	1,189	1,415
			Raising
			Funds	Prizes	Grants	Total
			2021	2021	2021	2021
						F
Administrative	fees		154			154
Audit fee (donated		service)		42	958	1,000
Function/activity	total		154	42	958	1,154
Investments
				Fair		Fair
			Cost	value	Cost	value
			2022 f.	2022 f.	2021f	2021f
Brought forward			406,576	872,433	372,905	781,664
Additions			36,083	36,083	50,466	50,466
Disposals			(24,558)	(43,456)	(16,795)	(50,061)
Net gain on revaluation				(151,262)		90,364
Carried forward			418,101	713,798	406,576	872,433

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10.	Debtors
							2022	2021
							f.
	Amounts	due from the	City	of London	Solicitors'	Company	8,343	14,318
11.	Creditors: Amounts		falling due within one year
							2022	2021
							f.	F
	Wig and	Pen Prize						750
	Donations						13,000
	Haringey	Law Centre						10,000
	Social Welfare Solicitor Qualification				Fund (see	note 14)		10,000
							13,000	20,750
12.	Financial	instruments
							2022	2021
							f.	F
	Financial	assets measured		at fair value through		income and expenditure	713,798	872,433