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|||Page|
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|Ttustee report||2-8|
|Independent<br>auditors'|report|9-10|
|Statement offinancial|activities||
|Balance sheet||12|
|Notes to the financial|statements|13-24|





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|||||2021|2021|2021|2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||funds|funds|funds|funds|funds|
||||Note|||g|||
|Income<br>and endowments||from:|||||||
|Voluntary<br>income|||2|85,100|8,144||93444|10,610|
|investment<br>income|||3|264,958|31,462||296,420|326,024|
|Total income||||350,058|39,606||389,664|336,634|
|Expenditure<br>on:|||||||||
|Investment<br>management|costs||4|||63,416|63,416|59,855|
|Charitable<br>activities|||5|339,906|43,268|—|383,174|392,751|
|Total expenditure||||339,906|43,268|63,416|446,590|452,606|
|Net (expenditure)/income|||||||||
|before investment<br>gains and||losses||10,152|(3,662)|(63,416)|(56,926)|(115,972)|
|Realised gain on investment||property|||||||
|Net realised and unrealised||gains/(losses)|||||||
|on investments||||||3,171,826|3,171,826|(1,523,947)|
|Total other recognised|gains|and losses||||3,171,826|3,171,826|(1,523,947)|
|Net income/(expenditure)||||10,152|(3,662)|3,108,410|3,114,900|(1,639,919)|
|Transfers between<br>funds||||(5,001)||5,001|||
|Net movement<br>in funds||||5,151|(3,662)|3,113,411|3,114,900|(1,639,919)|
|Total funds brought<br>forward||at 1 April||14,248|7,487|10,967,347|10,989,082|12,629,001|
|Total funds carried fonvard||at 31March||19,399|3,825|14,080,758|14,103,982|10,989,082|





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||||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|---|---|
|||||Note|||f.||
|Fixed assets|||||||||
|Tangible fixed assets||||||16,413||6,402|
|Investment|portfolios||at market value|||13,961,910||10,929,396|
|||||||13,978,323||10,935,798|
|Current assets|||||||||
|Debtors|||||77,907||53,990||
|Cash on deposit|||||2,497||2,494||
|Cash at bank|||||89,927||114,457||
||||||170,331||170,941||
|Creditors;|Amounts||falling due||||||
||within|one year|||(44,672)||(117,657)||
|Net current|assets|||||125,659||53,284|
|Total net assets||||15||14,103,982||10,989,082|
|Represented|by:||||||||
|Funds and|reserves||||||||
|Permanent<br>endowment|||funds|10|1,486,677||1,156,138||
|Expendable|endowment||funds|Il|12,594,081||9,811,209||
|||||||14,080,758||10,967,347|
|Restricted<br>funds||||12|3,825||7,487||
|Unrestricted|funds||||||||
|Designated|funds|||13|19,399||14,248||
|General funds||||14|||||
|||||||23,224||21,735|
|Total funds||||15||14,103,982||10,989,082|





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|||||||2021|2021|2021|2021|
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Endowment|Total|
|||||||funds<br>f|funds|funds<br>f|fundsf|
|Voluntary||income|- 2021|||||||
|Legacy received||||||25,000|||25,000|
|Donations|fiom members,|||The||||||
|Worshipful||Company ofSaddlers|||and others|60,000|||68,144|
|Donations|fi'om Talk and Tours of|||||||||
|Saddlers'||Hall||||100|||100|
|||||||85,100|8,144||93,224|
|||||||2020|2020|2020|2020|
|||||||Uarestricted|Restricted|Endowmeot|Total|
|||||||funds|funds|funds|funds|
|Voluntary||income|- 2020|||||||
|Legacy received||||||||||
|Donations|fiom members ofthe|||||||||
|Worshipful||Company ofSaddlers|||and others|500|8,650||9,150|
|Donations|from Talk and Tours of|||||||||
|Saddlers'|Hall|||||1,460|||1,460|
|||||||1,960|8,650||10,610|
|||||||2021|2021|2021|2021|
|||||||Unrestricted|Restricted Endowment||Total|
|||||||funds|funds|fundsf|fundsf|
|Investment||income|—2021|||||||
|Dividends|and distributions|||I'rom||||||
|investment||portfolio||||264,919|31,456||296,375|
|Interest on|cash on deposit|||and at bank||39|6||45|
|Rent receivable||||||||||
|||||||264,958|31,462||296,420|





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||||||||2020|2020|2020|2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Restricted Endosvment||Total|
||||||||funds|funds|funds|funds|
|||||||||f.|g||
|3.|Investment|income||(continued) —2020|||||||
||Dividends|and distributions||||from|||||
||investment|portfolio|||||291,637|34,245||325,882|
||Interest on|cash|on deposit|||and at bank|119|23||142|
||Rent receivable||||||||||
||||||||291,756|34,268||326,024|
||||||||2021|2021|2021|2021|
||||||||Unrestricted|Restricted Endovvment||Total|
||||||||funds|funds|funds|funds|
|||||||||f|||
||Investment|management||||costs - 2021|||||
||Investment|Managers||fees|||||63,416|63,416|
||||||||2020|2020|2020|2020|
||||||||Unrestricted|Restricted|Kndovvment|Total|
||||||||funds|funds|fuads|funds|
||||||||g|||g|
||Investment|management||||costs - 2020|||||
||Investment|Managers||fees|||||59,855|59,855|
||||||||2021|2021|2021|2021|
||||||||Unrestricted|Restricted|Kndovvment|Total|
||||||||funds|funds|funds|funds|
|||||||||g|||
||Charitable|activities||- 2021|||||||
||Grants payable||||||285,706|37,144||322,850|
||Supportcosts:||||||||||
||Statfcosts||||||43,996|5,355||49,351|
||ITexpenses||||||35|||35|
||Bank charges||||||78|69||147|
||Long leasehold<br>property<br>Legal and professional<br>Audit fee||||expenditure<br>fees||4,870<br>5,221|700||4,870<br>5,921|
||||||||339,906|43,268||383,174|





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|||||2020|2020|2020|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|
|||||funds|funds<br>e|funds|fundsf|
|Charitable|activities (continued) —2020|||||||
|Grants payable||||292,991|41,976||334,967|
|Support costs:||||||||
|Staffcosts||||46,170|5,620||51,790|
|Travelling|expenses|||282|||282|
|Bank charges||||60|60||120|
|Long leasehold||property|expenditure|||||
|Legal fees||||376|||376|
|Audit fee||||4,569|||5,216|
|||||344,448|48,303||392,751|



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|||||2021|2020|
|---|---|---|---|---|---|
|||||Total|Total|
|||||funds|fundsf|
|Fixed assets —investment||portfolio||||
|Market value at I April 2020||||10,929,396|12,575,753|
|Add: Purchases<br>at cost||||3,730,781|4,247,641|
|Less: Equalisation<br>receipts||||(2,177)|(1,299)|
|Less: Sale|Proceeds|||(4,106,023)|(4,538,737)|
|Less; Net|realised gains|||133,486|67,456|
|Less; Net|unrealised<br>gains/(|losses)||3,038,340|(1,591,402)|
|Movement|in cash held as part ofportfolio|||238,107|169,984|
|Market value at 31March 2021||||13,961,910|10,929,396|
|Cost at 31|March 2021|||12,054,425|12,066,681|
|Debtors||||2021f|2020|
|Sundry debtors and prepayments||||77,907|53,990|
|||||2021|2020|
|Creditors:|Amounts<br>faIling|due within|one year|f|f.|
|Grants and|donations<br>commitments|||||
|Creditors and accruals||||44,672|117,657|
|||||44,672|117,657|



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||||||2020|2021|2021|
|---|---|---|---|---|---|---|---|
|||||||Movement||
||||||Total|in Year|Totalf|
|Permanent|endowment|funds|-|2021|1,156,138|330,539|1,486,677|
||||||2019|2020|2020|
|||||||Movement||
||||||Total|in Year|Total|
|Permanent|endowment|funds|-|2020|1,322,572|(166,434)|1,156,138|





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|Expenda|ble|endowment|funds - 2021||||||
|---|---|---|---|---|---|---|---|---|
|||||2020|2021|2021|2021|2021|
||||||Income|Movemeats Transfer|||
|||||||in the|||
|||||||year|||
|General|fund|||8,801,437||2,488,659|5,214|11,295,310|
|RM Sturdy fund||||713,292||204,173|—|917,465|
|ME Priestley||fund||219,887||63,111|(213)|282,785|
|Diamond|Jubilee fund|||76,593||21,928||98,521|
|Totals||||9,811,209||2,777,871|5,001|12,594,081|
|Expendable||endowment|funds - Z020||||||
|||||2019|2020|2020|2020|2020|
||||||Income|Movements Transfer|||
|||||||in the|||
||||||f|year|8||
|General|fund|||10,122,755||(1,271,744)|(49,574)|8,801,437|
|RM Sturdy fund||||816,098||(102,806)|—|713,292|
|ME Priestley||fund||252,215||(31,777)|(551)|219,887|
|Diamond|Jubilee fund|||87,634||(11,041)||76,593|
|Totals||||11,278,702|—(1,417,368)||(50,125)|9,811,209|



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|12.|Restricted||funds|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||Restricted||funds -|2021||||2020|2021|2021|2021|
|||||||||Total|Income|Expenditure|Total|
|||||||||funds|||fundsf|
||Saddlers'<br>Company<br>Members'<br>Nominated<br>The Kaye's & Labourne's<br>Charity||||||Charity fund|7,487|8,144<br>31,462|(8,144)<br>(35,124)|3,825|
||Totals|||||||7,487|39,606|(43,268)|3,825|
||Restricted||funds -|2020||||2019|2020|2020|2020|
|||||||||Total|Income|Expenditure|Total|
|||||||||funds|||funds|
|||||||||f.||||
||Saddlers'|Company||Members'||Nominated|Charity fund||6,781|(6,781)||
||The Kaye's & Labourne's||||Charity|||12,872|36,138|(41,523)|7,487|
||Totals|||||||12,872|42,919|(48,304)|7,487|





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|Designated<br>funds|- 2021||2020|2021|2021|2021|2021|
|---|---|---|---|---|---|---|---|
||||Total|Income|Expenditure|Transfer|Total|
||||funds||||funds|
|Diamond<br>Jubilee fund|||10,516|2,087|(463)||12,140|
|RM Sturdy fund|||3,732|19,430|(15,903)||7,259|
|ME Priestley fund<br>Saddlers'<br>Company|StaffNominated|Charity fund||6,006<br>100|(6,219)<br>(100)|213||
|Totals|||14,248|27,623|(22,685)|213|19,399|
|Designated<br>funds -2020|||2019|2020|2020|2020|2020|
||||Total|Income|Expenditure|Transfer|Total|
||||funds||||funds|
|||||f||||
|Diamond<br>Jubilee fund|||8,730|2,272|(486)||10,516|
|RM Sturdy fund<br>ME Priestley<br>fund<br>Saddlers'<br>Company|StaffNominated|Charity fund|6,125|21,153<br>6,538<br>1,460|(23,546)<br>(7,089)<br>(1,460)|551|3,732|
|Totals|||14,855|31,423|(32,581)|551|14,248|



|Sa dlers' Com|Sa dlers' Com|an|StaffNominated|StaffNominated|Chari|fund|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|This fund was||set up by the||trustee on 17December|||2013 to receive|donations||&om either|staff or talk-and-tours<br>of||
|Saddlers'<br>Hall||in the City ofLondon.|||On an annual||basis, the amount|raised|is|donated<br>to a|charity that is|nominated|
|by the staffofthe Saddlers'||||Company.|||||||||
|Unrestricted|funds||||||||||||
|Unrestricted|funds||- 2021||||2020|2021||2021|2021|2021|
||||||||Total|Income|Expenditure||Transfers|Total|
||||||||funds<br>f|||f|f|funds<br>f|
|General funds||||||||322,435||(317,221)|(5,214)||
|Unrestricted|funds||-2020||||2019|2020||2020|2020|2020|
||||||||Total|Income|Expenditure||Transfers|Total|
||||||||fumlsf||||f|fundsf|
|General funds|||||||262,293|||(311,867)|49,574||





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|Aualysis|ofnet|assets between|assets between|assets between|funds||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Analysis|ofnet|assets between|||funds|-|2021||||||
|||||||Permanent||Expendable||||2021|
|||||||endowment||endowment|Restricted|DesignatedUnrestricted||Total|
||||||||funds|funds|fuads<br>8|funds<br>8|fund<br>f|funds|
|Tangible asset|||||||||||16,413|16,413|
|Investment<br>portfolio|||||||1,485,800|12,476,110||||13,961,910|
|Debtors|||||||||5,959||67,531|77,907|
|Cash on deposit||and|at bank||||877|117,971|7,284||(50,361)|92,424|
|Creditors|||||||||(9,418)||(33,583)|(44,672)|
|Totals|||||||1,486,677|12,594,0SI|3,825|19,399||14,103,982|
|Analysis|ofnet|assets between|||funds|—2020|||||||
|||||||Permanent||Expendable||||2020|
|||||||endowment||endowment|Restricted|DesignatedUnrestricted||Total|
||||||||fuadsf|fuads<br>8|funds|funds|fund<br>f|funds<br>8|
|Tangible asset|||||||||||6,402|6,402|
|Investment|portfolio||||||1,154,808|9,774,588||||10,929,396|
|Debtors|||||||||4,974|3,158|45,858|53,990|
|Cash on deposit||and|at bank||||1,330|36,621|16,734|13,314|48,952|116,951|
|Creditors|||||||||(14,221)|(2,224)|(101,212)|(117,657)|
|Totals|||||||1,156,138|9,811409|7487|14248||10,989,082|
|Analysis|ofnet|assets behveen|||charities||||||||
|Analysis|ofnet|assets betsveen|||charities||- 2021||||||
|Saddlers'|Com|an|Charitable||Fund||||||||
|||||||Permanent||Expendable||||2021|
|||||||endowment||endovvment|Restricted|Designated|Unrestricted|Total|
||||||||funds|funds|funds|funds|fund|funds|
|||||||||f|8|f|8||
|Tangible asset|||||||||||16,413|16,413|
|Investment|portfolio|||||||12,476,110||||12,476,110|
|Debtors|||||||||762|4,417|67,531|72,710|
|Cash on deposit||and|at bank|||||117,971|6,162|16,652|(50,360)|90,425|
|Creditors|||||||||(6,924)|(1,670)|(33,584)|(42,178)|
|Totals||||||||12494,081||19,399||12,613,480|
|The Ka e's k. Labourne's||||Chari|||||||||
|||||||Permmtent||Expendable||||2021|
|||||||endowment||endowment|Restricted|Desiguated|Unrestrtcted|Total|
||||||||funds|funds|funds|funds|fund|funds|
||||||||||f||||
|Investment|portfolio||||||1,485,800|||||1,485,800|
|Debtors|||||||||5,197|||5,197|
|Cash on deposit||and|at bank||||877||1,123|||2,000|
|Creditors|||||||||(2,495)|||(2,495)|
|Totals|||||||1,486,677||3,825|||1,490,502|



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|Saddlers'<br>|Com<br>an<br>Char|itable<br>Fun|d||||||
|---|---|---|---|---|---|---|---|---|
||||Permanent|Expendable||||2020|
||||endowment|endowment|Restricted|Designated|Unrestricted|Total|
||||funds|funds|funds|funds|fund|funds|
||||||f.||f|f|
|Tangible asset|||||||6,402|6,402|
|Investment|portfolio|||9,774,588||||9,774,588|
|Debtors|||||620|3,158|45,858|49,636|
|Cash on deposit and at bank||||36,621|5,020|13,314|48,952|103,907|
|Creditors|||||(5,640)|(2,224)|(101,212)|(109,076)|
|Totals||||9,811,209||14,248||9,825,457|
|The Ka e's|&Labourne's|Chari|||||||
||||Permanent|Expendable||||2020|
||||endowment|endowment|Restricted|Designated|Unrestricted|Total|
||||funds<br>f|funds|funds|funds<br>f|fund|fundsf|
|Investment|portfolio||1,154,808|||||1,154,808|
|Debtors|||||4,354|||4,354|
|Cash on deposit and at bank|||1,330||11,714|||13,044|
|Creditors|||||(8,581)|||(8,581)|
|Totals|||1,156,138||7,487|||1,163,625|



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