| Contents. | ||
|---|---|---|
| Trustees. . | ||
| Reference and Administrative Details. |
||
| Trustees' Report for the year ended 31December |
2022 | |
| Independent auditors' report to the Trustees. |
||
| Statement offinancial activities for the year ended | 31December 2022 | |
| Balance sheet as at 31December 2022 | ||
| Statement ofcash flows for the year ended 31December 2022 | 17 | |
| Notes to the financial statements. | 18 |
| 2022 | 2021 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Expendable | Total | Unrestricted | Restricted | Expendable | Total | ||||
| Endowment | Funds | Endowment | Funds | ||||||||
| Note | f000 | f000 | f000 | f000 | f000 | f000 | f000 | f000 | |||
| Income from | |||||||||||
| Investments | 974 | 96 | 1,070 | 947 | 94 | 1,041 | |||||
| Donations and legacies |
68 | 482 | 550 | 120 | 179 | 299 | |||||
| Sale ofsmall | items | 1 | 1 | ||||||||
| Total income | 1,044 | 578 | 1,622 | 1,068 | 273 | 1,341 | |||||
| Expenditure | on | ||||||||||
| Raising funds | 25 | 247 | 273 | 29 | 278 | 308 | |||||
| Grants | 2,508 | 437 | 2,945 | 1,755 | 73 | 1,828 | |||||
| Grant related | support costs | 142 | 142 | 136 | 136 | ||||||
| Total costs | 2,650 | 462 | 247 | 3,360 | 1,891 | 102 | 278 | 2,271 | |||
| Net gains/(losses) | on investments | (396) | (4,269) | (4,665) | 491 | 4,790 | 5,281 | ||||
| Net income/(expenditure) | (1,607) | (280) | (4,516) | (6,403) | (823) | 663 | 4,512 | 4,352 | |||
| Transfer between funds | 1,685 | (1,685) | 1,110 | (1,110) | |||||||
| Net movement in |
funds | 78 | (280) | (6,201) | (6,403) | 287 | 663 | 3,402 | 4,352 | ||
| Reconciliation | offunds | ||||||||||
| Total funds brought forward | 890 | 4,017 | 35,653 | 40,560 | 1,712 | 3,354 | 31,141 | 36,208 | |||
| Total funds carried forward | 968 | 3,737 | 29,452 | 34,157 | 890 | 4,017 | 35,653 | 40,560 |
| Balance sheet a | sat | 31Decem | ber 20 | 22 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||||
| Unrestricted | Restricted | Expendable | Total | ' | Unrestricted | Restricted | Expendable | Total | ||||
| Endowment | Funds | Endowment | Funds | |||||||||
| Note | EOOD | EOOO | EOOO | EOOO, | EOOO | EOOO | EOOO | E000 | ||||
| Fixed assets | ||||||||||||
| Investments | 3,201 | 29,452 | 32,653 | 3,668 | 35,138 | 38,806 | ||||||
| Investment in associate |
200 | 200 | 200 | 200 | ||||||||
| Total fixed assets | 200 | 3,201 | 29,452 | 32p853 | 200 | 3,668 | 35,138 | 39,006 | ||||
| Current assets | ||||||||||||
| Debtors and prepayments | 4 | 4 | 54 | 54 | ||||||||
| Short term deposit | accounts | 579 | 579 | 64 | 515 | 579 | ||||||
| Cash at bank and in | hand | 278 | 536 | 814, | 600 | 349 | 949 | |||||
| Total current assets | 908 | 536 | 1,397 | ' | 718 | 349 | 515 | 1,582 | ||||
| Uabilitles | ||||||||||||
| Creditors: amounts | falling due | 10 | 93 | 93 | ' | 28 | 28 | |||||
| within one year | ||||||||||||
| Net current assets | 768 | 536 | 1,304 | 690 | 349 | 515 | 1,554 | |||||
| Creditors: amounts | falling due after | |||||||||||
| more than one year | ||||||||||||
| Net assets | 968 | 3,737 | 29,452 | 34,157 | 890 | 4,017 | 35,653 | 40,560 | ||||
| The funds ofthe charity | ||||||||||||
| Unrestricted funds |
11 | 968 | 968 | i | 890 | 890 | ||||||
| Restricted funds | 12 | 2,141 | 2,141 | ' | 1,995 | 1,995 | ||||||
| Expendable endowment |
funds | 13 | 14,099 | 14p099 | ' | 15,755 | 15,755 | |||||
| Revaluation reserve |
1,596 | 15,353 | 16,949 | 2,022 | 19,898 | 21,920 | ||||||
| Total charity funds | 968 | 3,737 | 29,452 | 34,157 | 890 | 4,017 | 35,653 | 40,560 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| f000 | f000 | |||||||
| Cash flows from operating | activities | |||||||
| Net cash used in operating |
activities | (2,393) | (1,805) | |||||
| Cash flows from investing | activities | |||||||
| Dividends, interest and rents from investments |
1,070 | 1,041 | ||||||
| Proceeds from the sale of | investments | 1;221 | 1,110 | |||||
| Purchase of investments | (34) | (34) | ||||||
| Net cash provided by (used in) investing |
activities | 2,257 | 2,118 | |||||
| Change in cash and cash equivalents |
in the | reporting | period | (135) | 312 | |||
| Cash and cash equivalents | at 1January | 1,528 | 1,216 | |||||
| Cash and cash equivalents | at31December | 1,393 | 1,528 | |||||
| Reconciliation ofnet income to net cash | flow from | operating | activities | |||||
| Net income/(expenditure) | for the reporting | period | (as per the SOFA) | (6,403) | 4,352 | |||
| Adjustments for: |
||||||||
| (Gains)/Losses on non-property investments |
4,966 | (4,940) | ||||||
| Dividends, interest and rents from investments |
(1,070) | (1,041) | ||||||
| Decrease/(Increase) in debtors |
50 | (46) | ||||||
| (Decrease)/Increase in creditors |
65 | (129) | ||||||
| Net cash used in operating | activities | (2,393) | (1,805) | |||||
| Analysis ofcash and cash | equivalents | |||||||
| Short term deposits | 579 | 579 | ||||||
| Cash at bank and in hand | 814 | 949 | ||||||
| Total cash and cash equivalents | 1,393 | 1,528 | ||||||
| Split between: | ||||||||
| Restricted Funds |
489 | 349 | ||||||
| Unrestricted Funds |
904 | 665 | ||||||
| Expendable Endowment Funds |
515 | |||||||
| Analysis ofchanges in net |
debt | |||||||
| Cash and cash equivalents | at 1January | 1,528 | 1,216 | |||||
| Cash-flows | (135) | 312 | ||||||
| Cash and cash equivalents | at31December | 1,393 | 1,528 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Restricted funds | f000 | f000 | |||
| St Peter's Hospital | Fund | 50 | 49 | ||
| Elizabeth Garrett | Anderson | Fund | 40 | 39 | |
| Ben Travers Fund |
4 | 4 | |||
| Mark Quested Memorial |
Fund | 1 | 1 | ||
| EL Beckwith Fund |
1 | 1 | |||
| Total Restricted funds | 96 | 94 | |||
| Unrestricted funds |
974 | 947 | |||
| Total investment | income | 1,070 | 1,041 |
| 3. DONATIONS |
||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Restricted funds | f000 | f000 | ||
| Membership Giving |
initiative | 161 | 58 | |
| Small Grants for London Youth Organisations | 5 | 5 | ||
| Donations from The |
Fishmongers' | Company | 257 | 116 |
| Legacy | 60 | |||
| Designated funds |
||||
| Livery Appeal | ||||
| Donations from the |
Livery | 24 | ||
| Low cost education | 46 | 56 | ||
| Other unrestricted | funds | |||
| Donations from the |
Fishmongers' | Company | 20 | 40 |
| Other donations | 3 | |||
| Total donations | 550 | 299 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Educational grants |
f000 | f000 | |||
| The Gresham's Foundation |
268 | 134 | |||
| New Model School Company | Ltd | 101 | 87 | ||
| City and Guilds of London | Art | School | 73 | 35 | |
| Cat Zero | 67 | 40 | |||
| Guildhall School ofMusic |
5 Drama | 30 | 29 | ||
| Royal College of Music | 22 | 16 | |||
| St Paul's Chorister Trust | 15 | 15 | |||
| Royal Academy of Music | 12 | 11 | |||
| Eastside Young Leaders Academy | 5 | 3 | |||
| Gresham's School |
60 | ||||
| Achievement for All |
40 | ||||
| Irene Taylor Trust | 25 | ||||
| Donations below f5k (Education |
Organisations) | 10 | 12 | ||
| Total educational grants |
to organisations | 603 | 507 | ||
| Prison educational grants |
|||||
| Prisoners Education Trust |
(PET) | 30 | |||
| Mercers Co - No Going Back Initiative | 30 | 30 | |||
| The Longford Trust | 25 | ||||
| The Clink Charity | 20 | ||||
| The Right Course | 20 | ||||
| Liberty Choir | 10 | ||||
| Donations below f5k (Prisons) |
1 | ||||
| Total prison educational | grants to organisations | 136 | 30 | ||
| Mark Quested Scholarship |
49 | ||||
| Elizabeth Garrett Anderson Scholarships |
41 | 41 | |||
| Total educational grants |
to individuals | 90 | 41 | ||
| Total educational grants |
829 | 578 |
| .GRANTS (continued) | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Fisheries grants to organisations | f000 | f000 | ||
| The Fishmongers' Company Fisheries Charitable |
Trust | 1,415 | 806 | |
| Game and Wildlife Conservation | Trust | 33 | ||
| City and Guilds Foundation | 7 | |||
| Donations below ESk (Fisheries) |
5 | |||
| Total fisheries grants | 1,460 | 809 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Health and wellbeing | grants | to organisations | f000 | f000 |
| James Place Charity | 50 | 25 | ||
| Lambeth 5Southwark | Mind | 50 | 45 | |
| Maytree | 30 | 30 | ||
| Future Men | 28 | 28 | ||
| Body S.Soul | 22 | 22 | ||
| Thames Skills Academy |
21 | |||
| Woman's Trust |
16 | |||
| islington Mind |
15 | 15 | ||
| Shoreditch Trust |
15 | 15 | ||
| Room to Heal | 15 | |||
| Free Cabs for NHS Staff | 47 | |||
| Caritas Anchor House | 15 | |||
| Total health and wellbeing | grants | 261 | 241 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Food and nutrition | grants to organisations | f000 | f000 | |
| Beyond Food Foundation | 58 | 24 | ||
| FoodCycle | 47 | 31 | ||
| Chefs in Schools | 40 | |||
| Bow Food Bank | 37 | |||
| Pembroke House |
26 | 26 | ||
| Manna Society | 10 | 10 | ||
| City Harvest | 50 | |||
| Unity Works | 15 | |||
| Donations below f5k (Food and Nutrition) |
1 | |||
| Total food and nutrition | grants | 218 | 157 |
| 2022 | 2021 | |
|---|---|---|
| Hardship grants |
f000 | f000 |
| DEC Ukraine Appeal | 129 | |
| Donations below f5k (Hardship) |
||
| Total hardship grants to organisations |
133 | |
| St Peter's Pensioners | ||
| Total hardship grants to individuals |
||
| Total hardship grants |
140 |
| 2022 | 2021 | |
|---|---|---|
| Civic grants to organisations | f000 | f000 |
| First Aid Nursing Yeomanry |
6 | 7 |
| The Lord Mayor's Appeal | 5 | 8 |
| Tower Hamlets RAF Cadets |
5 | 5 |
| Brigade of Gurkhas | 5 | 5 |
| Donations below f5k (Civic) |
21 | 20 |
| Total civic grants | 43 | 45 |
| 2022 | 2021 | ||
|---|---|---|---|
| f000 | f000 | ||
| Total grants | 2,950 | 1,837 | |
| Future commitment | cancelled | (5) | |
| Total grants | 2,945 | 1,837 |
| 2022 | 2021 | ||
|---|---|---|---|
| f000 | f000 | ||
| Grant | Grant | ||
| Making | Making | ||
| Staff Costs | 81 | 79 | |
| Administration | expenses | 48 | 48 |
| Governance | 12 | 8 | |
| Other expenditure | 2 | 1 | |
| Total Support | Costs | 142 | 136 |
| 2022 | 2021 | |
|---|---|---|
| f000 | f000 | |
| Salaries and wages | 73 | 71 |
| Social security costs | 8 | 8 |
| Total Staff Costs | 81 | 79 |
| . INVESTMENTS |
|||
|---|---|---|---|
| 2022 | 2021 | ||
| f000 | f000 | ||
| Market value at 1January | 38,806 | 34,942 | |
| Purchases at cost | 34 | 34 | |
| Sales at market value | (1,221) | (1,110) | |
| Reva lu ation gain/(loss) | (4,659) | 5,281 | |
| Investment management |
fees | (306) | (341) |
| Market value at 31December | 32,653 | 38,806 | |
| Consisting of: | |||
| Restricted funds | 3,201 | 3,668 | |
| Expendable endowment |
funds | 29,452 | 35,138 |
| Total funds | 32,653 | 38,806 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| f000 | f000 | ||||||
| Amounts | due | from | the Fishmongers' | Company | 38 | ||
| Amounts | due | from | the Fisheries Charitable | Trust | 15 | ||
| Prepayments | and | accrued income | 1 | ||||
| 54 |
| 0.CREDITORS: AMOU | NTS FALLING DUE WITHIN ONE Y |
EAR | |
|---|---|---|---|
| 2022 | 2021 | ||
| f000 | f000 | ||
| Grants payable | 83 | 6 | |
| Accruals and deferred | income | 10 | 22 |
| 93 | 28 |
| 2022 | |||||
|---|---|---|---|---|---|
| Balance | Balance | ||||
| 1January | Income | Expenditure | Transfer | 31 December |
|
| f000 | f000 | f000 | f000 | f000 | |
| Designated funds | |||||
| Livery Fund | 84 | 28 | (40) | 72 | |
| Low Cost Education | 13 | 47 | (49) | 11 | |
| Income Reserve | 793 | 970 | (2,563) | 1,685 | 885 |
| 890 | 1,045 | (2,652) | 1,685 | 968 |
| 2021 | |||||
|---|---|---|---|---|---|
| Balance | Balance | ||||
| 1January | Income | Expenditure | Transfer | 31 December |
|
| f000 | f000 | f000 | f000 | f000 | |
| Designated funds | |||||
| Livery Fund | 125 | 51 | (92) | 84 | |
| Low Cost Education | 7 | 57 | (51) | 13 | |
| Income Reserve | 470 | 961 | (1,748) | 793 | |
| 602 | 1,068 | (1,891) | 1,110 | 890 |
| 12. MOVEME | NT IN |
RESTRICT | ED FUNDS | |||||
|---|---|---|---|---|---|---|---|---|
| 2022 | ||||||||
| Balance | Income/ | Balance | ||||||
| 1January | Gains and (Losses) |
Expenditure | 31December | |||||
| f000 | f000 | f000 | f000 | |||||
| Doggett's Legacy | ||||||||
| Principal Legacy |
34 | 34 | ||||||
| Interest | 1 | 1 | ||||||
| Membership | Giving | Initiative | 174 | 417 | (294) | 297 | ||
| Cabs forthe | NHS | 5 | 5 | |||||
| The Colyer-Edwards | Bequest | 60 | 60 | |||||
| Small Grants | for London Youth Organisations | 5 | (5) | |||||
| St Peter's Hospital | Fund | 1,952 | (155) | (56) | 1,741 | |||
| Elizabeth Garrett Anderson | Fund | 1,612 | (124) | (52) | 1,436 | |||
| Ben Travers | Fund | 172 | (13) | (5) | 155 | |||
| Mark Quested Fund |
55 | (5) | (49) | 1 | ||||
| EL Beckwith | Fund | 12 | (3) | (1) | 8 | |||
| 4,017 | 183 | (462) | 3737 | |||||
| 2021 | ||||||||
| Balance | Income/ | Balance | ||||||
| 1January | Gains and (Losses) |
Expenditure | 31December | |||||
| f000 | f000 | f000 | f000 | |||||
| Doggett's Legacy | ||||||||
| Prin cipa I Legacy | 34 | 34 | ||||||
| ' | Interest | 1 | 1 | |||||
| Membership | Giving | Initiative | 174 | 174 | ||||
| Cabs forthe | NHS | 5 | ||||||
| Small Grants | for London Youth Organisations | 5 | (5) | |||||
| St Peter's Hospital | Fund | 1,681 | 303 | (32) | 1,952 | |||
| Elizabeth Garrett Anderson | Fund | 1,422 | 243 | (53) | 1,612 | |||
| Ben Travers | Fund | 153 | 25 | (5) | 172 | |||
| Mark Quested Fund |
48 | 8 | 55 | |||||
| EL Beckwith | Fund | 11 | 6 | (6) | 12 | |||
| 3,354 | 765 | (102) | 4,017 |
| 3.MOVEM | ENT IN |
E | XPENDABLE ENDO | WMENT FUNDS |
||||
|---|---|---|---|---|---|---|---|---|
| 2022 | ||||||||
| Balance | Income/ | Balance | ||||||
| 31 | ||||||||
| 1January | Gains | Expenditure | Transfer | December | ||||
| f000 | f000 | f000 | f000 | f000 | ||||
| Billingsgate | Christian | Mission | ||||||
| Livery Fund: | ||||||||
| Education | and General | 563 | (58) | (4) | 501 | |||
| Fish and Fisheries | 547 | (56) | (4) | 487 | ||||
| Other Endowment | Funds | 34,543 | (4,155) | (240) | (1,685) | 28,463 | ||
| 35,653 | (4,269) | (248) | (1,685) | 29,452 | ||||
| 2021 | ||||||||
| Balance | Income/ | Balance | ||||||
| 31 | ||||||||
| 1January | Gains | Expenditure | Transfer | December | ||||
| f000 | f000 | f000 | f000 | f000 | ||||
| Billingsgate | Christian | Mission | 832 | (832) | ||||
| Livery Fund: | ||||||||
| Education | and General | 495 | 72 | (4) | 563 | |||
| Fish and Fisheries | 481 | 70 | (4) | 547 | ||||
| Other Endowment | Funds | 30,443 | 4,648 | (270) | (278) | 34,543 | ||
| 32,251 | 4,790 | (278) | (1,110) | 35,653 |