OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-06-30-accounts

CONTENTS CONTENTS Page
Legal and administrative
details
Trustee's report- the Foundations
Accounting policies note - the Foundations
Investment Pools summary 10
Trustee's report- The Haberdashers' Educational Foundation
Independent
auditors'
report on The		 Haberdashers' Educational Foundation 15
Financial statements
—The Haberdashers'
Educational
Foundation		 18
Trustee's report —The Haberdashers' Christian
Foundation		 30
Independent
auditors'
report on The		 Haberdashers' Christian Foundation 31
Financial Statements —The Haberdashers'
Christian		 Foundation 34
Trustee's report —The Haberdashers' Benevolent Foundation 41
Independent
auditors'
report on The		 Haberdashers' Benevolent Foundation 43
Financial Statements —The Haberdashers'
Benevolent
Foundation		 46
Trustee's report —The Haberdashers' Foundation 56
Independent
auditors'
report on The		 Haberdashers' Foundation 57
Financial Statements —The Haberdashers'
Foundation		 60

Share of Pool Total Total
2021 2021 2020
6 6
Haberdashers'
Charitable
Foundations:
Haberdashers' Educational
Foundation		 33.8% 15,023,784 12,707,418
Haberdashers' Christian
Foundation		 3.7% 1,635,431 1,383,280
Haberdashers' Benevolent
Foundation		 48.6% 21,631,336 18,296,218
The Haberdashers'
Foundation		 1.8% 816,842 690,902
Other Haberdasher charities 12.1% 5,372 525 4 543 575
Pool total assets 100.0% 44,479,918 37,621 794
Bonds & government
stocks
Equities
Absolute
return
& hedged
equity
Property
Other
Cash		 9.7%
75.0%
1.4%
1.9%
10.1%
1.9%		 11.9%
683%
5 5%
2.2%
10.4%
1.7%

Unrestricted Unrestricted
General Restricted Endowment Total Total
Fund Funds Funds 2021 2020
Note 6 6 f 6 6
Income and endowments from:
Donations
and legacies		 24,762 24,762 68,622
Investments:
Haberdashers'
Charities		 Investment Pool 322,906 322,906 322,870
Other investment
income		 18,119 18,119 18,118
Rent receivable 30 30 30
Interest receivable 18,898 18,898 20,757
61,809 322 906 384,715 430,397
Expenditure
on:
Expenditure
on charitable		 activities:
Education
&training-		 Grants awarded 2 292,473 292,473 293,827
292,473 292,473 293,827
Net gains on investments 22,720 2,381,093 2,403,813 180,842
Net (expenditure)/income (207,944) 2,703,999 2,496,055 317,412
Transfer between
funds		 6,11 322,906 322,906
Net movement
in funds		 114,962 2,381,093 2,496,055 317,412
Reconciliation
of Funds:
Fund balances
broughtforward		 212 655,476 13,341,992 13,997,680 13,680,268
Fund balances carried forward 10 212 770,438 15,723,085 16,493,735 13,997,680

2021 2020
Note 6
Fixed assets
Tangible assets 66,807 66,807
Investments 16,046,579 13,612,766
16,113,386 13,679,573
Current assets
Debtors 4,834 5,811
Investments 239,700 203,700
Cash at bank and in hand 342,993 329,545
587,527 539,056
Liabilities
Creditors: Amounts falling due within one year (120,178) (138,949)
Net current assets 467,349 400,107
Total assets less current liabilities 16,580,735 14,079,680
Creditors: Amounts falling due after more than
one year (87,000) (82,000)
Total net assets 16,493,735 13,997,680
The Funds ofthe Charity:
Endowment funds 10 15,723,085 13,341,992
Restricted
funds		 10 770,438 655,476
Unrestricted general fund 10 212 212
Total Charity Funds 16,493,735 13,997,680

2 Analysis ofexpenditure
Charitable Support Governance Total Total
Activities Cost Cost 2021 2020
8
Costs directly allocated to
charitable
activities
Grants awarded
(see note 3)		 252,598 252,598 258,840
School buildings
insurance		 819 819 827
Support costs and overheads
allocated direct:
Audit fee 6,226 6,226 5,749
Legal fees 4,301 4,301
Other professional
fees
Other administration
costs		 303 303 134
allocated on the basis ofstaff time:
Salaries 21,250 3,459 24,709 24,422
Service charges 3,024 492 3,516 3,855
253,417 24,577 14,479 292 473 293,827
Allocation ofsupport costs to Direct Support Governance Total Total
charitable
activities		 Cost cost costs 2021 2020
8 F 6 8
allocated
on the basis of relative
direct cost:
Grants - education
and training		 252,598 24,497 14,432 291,527 292,892
School buildings
insurance		 819 80 47 946 935
253417 24,577 14,479 292 473 293,827

2021
Grants awarded
and paid during the year:		 E
Haberdashers' Abraham
Darby		 Cultural
Capital programme		 3,700
Haberdashers' Abraham
Darby		 To fund the annual
leasing		 cost of a minibus 2,500
Haberdas hers' Adams' French &modern
languages		 department 2,500
Haberdashers' Adams' German department
resources		 2,920
Aldersey
C of		 E Primary
School		 2020/21 support 10,000
Haberdashers' Asks's Boys' School 2021 Northcott
allocation		 4,000
Haberdashers' Asks's Boys' School Bursary allocation
2020/21		 5,000
Haberdashers' Asks's Crayford Academy Contribution
to the Hardship		 fund 5,000
Haberdashers' Asks's Crayford Academy Installation
of outside shelters		 with mobile table seating 4,000
Haberdashers' Asks's Hatcham College Dyson Travel Grants for 2020/21 4,700
Haberdashers' Asks's Hatcham College Contribution
to catch-up tutoring		 3,000
Haberdashers' Asks's Hatcham College Purchase
ofvisualisers
&		 numeracy
catcu-up sessions		 5,000
Haberdashers' Asks's Knights Academy Reading
for Pleasure
programme		 4,000
Haberdashers' Asks's Knights Academy Contribution
to the Hardship		 fund 5,000
Haberdashers' Asks's School for Girls Prize Fund 2,363
Haberdashers' Asks's School for Girls Bursary allocation 2020/21 4,506
King's College School 2021 Northcott
allocation		 4,000
Monmouth
School for Boys		 Prize Fund 2,908
Monmouth
School for Boys		 Old Monmothian
Fund awards		 15,910
Monmouth
School for Boys		 Mountjoy
Awards		 9,440
University
College School, Hampstead		 2021 Northcott
allocation		 3,300
34grants to institutions
up to F2,000		 each 31,179
38 grants to individuals 33,791
10 individuals Grants
no longer required		 or cancelled (13,619)
Grants awarded
to be paid in a future period:
Pamela Pye Fund —To help provide music and library
Haberdashers' Asks's School for Girls facilities 6,500
Haberdashers' Asks's Boys' School Educational
Fund-Trotman		 Junior Exhibition 15,000
Haberdashers' Asks's School for Girls Educational
Fund-Trotman		 Junior Exhibition 15,000
6 individuals Jeston
University
Scholarships		 21,000
11 individuals Haberdashers'
University		 Bursaries
&Arts Bursaries		 38,000
2 individuals Florence Pritchard
Fund
Grants awarded
in previous		 years, payable after 30June 2021:
Cochrane Scholarships
for university		 courses 7,000
Jeston University
Scholarships		 30,000
Haberdashers' University
Bursaries		 &Arts Bursaries 33,000
Throckmorton Trotman
Educabonal		 Fund-Trotman Senior Exhibitions 1,000
71,000

30
June 2021
4 Tangible assets
Schools land 8 buildings 2021 2020
6
Land at Aldersey
School:
Book value as at 1 July 2020 and 30June 2021 66,807 66,807
5 Investments 2021 2020
8 F.
(a) Investment
Property		 8,000 8,000
(b) Haberdashers'
Charities		 Investment Pool 15,023,784 12,707,418
(c) Common
Investment
Funds		 629,975 565,248
(d) Diversified
Property
Fund		 for Charities 231,173 213,376
(e) Property
Income Trust for Charities		 153,647 118,724
16046 579 13.612766
(a) Investment
Property		 8000 8 000
(b) Haberdashers'
Charities		 Investment Pool
Market value as at 1 July 12,707,418 12,449,045
Additions 86,000
Unrealised
gain		 2,316366 172,373
Market value as at 30June 15023 784 12707,418
(c) Common
Investment
Funds
Market value as at 1 July 565,248 547,399
Unrealised
gain		 64 727 17649
Market value as at 30June 629 975 565248
(d) Diversified
Property
Fund for Charities
Market Value as at 1 July (included
Unrealised
gain/(loss)		 in current asset investments) 213,376
17797		 214,578
~7202
Market Value as at 30June 231,173 213 376
(e) Property
Income Trust		 for Charities
Market value as at 1 July 118,724 130,904
Additions 30,000
Reduction
in investment		 cash (4,000)
Unrealised
gain/(loss)		 4,923 8,180
Market value as at 30June 153,647 118,724

Unapplied
total return		 Unapplied
total return		 is calculated calculated calculated relative to the value relative to the value relative to the value relative to the value relative to the value relative to the value of the trust for investment at 30 June 2009 (base value), 30 June 2009 (base value), 30 June 2009 (base value),
that being
the base		 date determined by the Trustee as appropriate for the Charity's
endowment		 fund.
No
endowment
gifts (2020:E86,000)		 were received during the year.
Trust Unapplied
for Total Total
investment Return 2021
E E E
Trust for investment at 1 July 2020 7,030,649 5,676,769 12,707,418 12,499,045
Investment
returns:
Investment
income		 322,906 322,906 322,870
Realised and unrealised investment gains 2,316,366 2,316,366 172,373
Transfer to trust for application (322,906) (322,906) (322,870)
Additional
funds		 invested 86,000
Trust for investment at 30June 2021 7,030,649 7,993,135 15,023,784 12,707,418
Represented
by:
Investment
in Charities		 Investment Pool (Total Return) 15,023,784 12,707,418
7 Debtors 2021 2020
E E
Accrued interest 3,680 3,552
Tax recoverable on donations and investment income 113 75
Other debtors 30 33
Donations 1 212 2 150
4,834 5,811
8 Creditors: amounts falling due within one year 2021 2020
E E
Salaries and service charges 13,968 23,603
Audit fees 3,972 3,763
Grants payable 92,100 108,000
Other creditors 10,137 3582
120178 138949
9 Creditors: amounts falling due after more than one year 2021 2020
E
Interest-free
loans from		 Old Monmothian Club 10,000 10,000
Grants payable 77,000 72 000
87,000 82,000

Analysis of net assets between
funds
Unrestricted
General Restricted Endowment Balance
Fundf Funds
f.		 Funds
f		 30June 2021
F
Tangible asset 66,807 66,807
Fixed asset investments 384,820 15,661,759 16,046,579
Net current assets 212 472,618 (5,481) 467,349
Creditors due in more than one year 87,000 87,000
212 770,438 15,723,085 16,493,735

0
June 2021
June 2021
11 The Funds ofthe Charity Balance Transfers Other Balance
1 July Incoming Resources between gains & 30June
2020 resources expended funds losses 2021
E E E E E
Unrestricted
general fund		 212 212
Restricted funds
Thomas Aldersey
School		 Fund 15,746 2,001 (12,312) 13,014 194 18,643
Thomas Aldersey
Repair		 Fund 3,548 350 3,898
Thomas Arno Fund 65,598 43 (39,953) 61,184 86,872
Dyson Memorial
Fund		 14,334 431 (5,248) 5,235 14,751
Ezra Fund 5,034 727 (541) 5,310 46 10,576
Further
& Higher Education		 Fund 222,627 31,710 (69,781) 49,247 15,291 249,094
F Pritchard
Fund		 8,215 262 (2,245) 2,242 342 8,816
Haberdashers'
St Catherine		 Foundation 109,152 2,320 (38,756) 60,012 2,017 134,745
Monmouth
School Scholarships		 Fund 101,074 788 (30,750) 49,722 388 121,222
Prize Fund 15,677 12,549 (11,679) 16,547
Pamela
K Pye Fund		 3,801 7,356 (7,056) 4,101
Schroders
& Haberdashers		 Educational
Foundation 20,255 422 (21,702) 21,451 194 20,621
Travel Scholarships
Fund		 18,310 277 (16,621) 17,704 233 19,904
Throckmorton
Trotman
Fund		 52 103 2,923 35829 37,435 4,015 60,647
655,476 61,809 292,473 322,906 22,720 770,438
Expendable
endowment		 funds
Dyson Memorial
Fund		 206,012 5,235 (5,235) 37,553 243,565
Ezra Fund 209,075 5,310 (5,310) 38,091 247,165
Haberdashers'
St Catherine		 Foundation 2,361,673 60,012 (60,012) 430,496 2,792,169
Monmouth
School Scholarships		 Fund 486,058 12,498 (12,498) 89,655 575,713
Schroders
& Haberdashers		 Educational
Foundation 844,172 21 451 21,451 153,880 998,052
4,106,989 104,506 104,506 745 1174 4, 556665
Permanent
endowment
funds
Thomas Aldersey
School		 Fund 600,730 13,364 (13,364) 95,867 696,597
Thomas Arno Fund 2,407,781 61,184 (61,164) 438,901 2,846,682
Further
& Higher Education		 Fund 1,938,029 49,247 (49,247) 353,273 2,291,302
F Pritchard
Fund		 88,234 2,242 (2,242) 16,083 104,317
Monmouth
School Scholarships		 Fund 1,464,899 37,224 (37,224) 267,028 1,731,927
Prize Fund 354,492 40,846 395,338
Pamela
K Pye Fund		 210,944 23,881 234,825
Travel Scholarships
Fund		 696,693 17,704 (17,704) 126,997 823,689
Throckmorton
Trotman
Fund		 1,473 201 37435 37435 268,542 1 741,743
9,235,003 218,400 218,400 1 631419 10,866,422
Total endowment
funds		 13,341,992 322,906 322 906 2,381,093 15,723,085
Total Charity
Funds		 13,997,680 384 715 292,473 - 2403,813 16493735

Unrestricted
General Restricted Endowment Total
Fund Funds Funds 2020
E E F E
Income and endowments from:
Donations
and legacies		 68,622 68,622
investments:
Haberdashers'
Charities		 Investment Pool 322,870 322,870
Other investment
income		 18,118 18,118
Rent receivable 30 30
Interest receivable 20,757 20,757
107,527 322,870 430,397
Expenditure
on:
Expenditure
on charitable		 activities:
Education
& training-		 Grants awarded 293,827 293,827
293,827 293,827
Net gains on investments 9,381 190,223 180842
Net income/(expenditure) (195,681) 513,093 317,412
Transfer between
funds		 322,870 322,870
Net movement
in funds		 127,189 190,223 317,412
Reconciliation
of Funds:
Fund balances
brought		 forward 212 528,287 13,151,769 13,680,268
Fund balances carried forward 212 655,476 13,341 992 13,997,680

Analysis of expend i ture
f		 or th e yea r ended 30June 202 r ended 30June 202 0
Charitable Support Governance Total
Activities Cost Cost 2020
E E E
Costs directly allocated to
charitable
activities
Grants awarded 258,840 258,840
School buildings
insurance		 827 827
Support costs and overheads
allocated direct:
Legal fees
Audit fee 5,749 5,749
Other administration costs 134 134
allocated on the basis ofstaff time:
Salaries 21,027 3,395 24,422
Service charges 3,319 536 3855
259,667 24,480 9,680 293,827
Allocation ofsupport costs to Direct Support Governance Total
charitable
activities		 cost cost costs 2020
E E E E
allocated
on the basis of relative
direct cost:
Grants - education and training 258,840 24,403 9,649 292,892
School buildings
insurance		 827 77 31 935
259,667 24,480 9,680 293 827
Movement
on unapplied		 total return for the year ended 30June 2020
Trust Unapplied
for Total Total
investment Return 2020
E E E
6,944,649 5,504,396 12,499,045
Investment
returns:
Investment
income		 322,870 322,870
Realised and unrealised investment gains 172,373 172373
Transfer to trust for application (322,870) (322,870)
Additional
funds invested		 86,000 86,000
Trust for investment at 30June 2020 7,030,649 5,676,769 12,707,418
Represented
by:
Investment
in Charities Investment		 Pool (Total Return) 12,707,418

Balance Transfers Other Balance
1 July Incoming Resources between gains & 30June
2019 resources expended funds losses 2020
E E E E E
Unrestricted
general
fund		 212 212
Restricted funds
Thomas Aldersey
School		 Fund 15,277 2,102 (14,291) 13,018 (360) 15,746
Thomas Aldersey
Repair		 Fund 3,198 350 3548
Thomas Arno Fund 50,171 302 (46,077) 61,202 65,598
Dyson Memonal
Fund		 9,170 5,457 (5,529) 5,236 14,334
Ezra Fund 2,690 685 (3,445) 5,180 (76) 5,034
Further
& Higher Education		 Fund 164,941 71,024 (59,168) 49,261 (3,481) 222,627
F Pritchard
Fund		 8,043 272 (2,227) 2,243 (114) 8,215
Haberdashers'
St Catherine		 Foundation 95,756 2,740 (46,070) 60,030 (3,304) 109,152
Monmouth
School Scholarships		 Fund 82,861 1,072 (31,961) 49,737 (635) 101,074
Prize Fund 14,516 12,551 (11,390) 15,677
Pamela
K Pye Fund		 3,446 7381 (7,026) 3,801
Schroders
& Haberdashers		 Educational
Foundation 18,824 520 (20, 175) 21,458 (371) 20,255
Travel Scholarships
Fund		 13,313 345 (12,675) 17,709 (381) 18,310
Throckmorton
Trotman		 Fund 46 081 3,026 33,792 37,446 658 52,103
528,287 107,527 293,827 322,870 9,381 655,476
Expendable
endowment		 funds
Dyson Memorial
Fund		 203,217 5,236 (5,236) 2,795 206,012
Ezra Fund 206,240 5,180 (5,180) 2,835 209,075
Haberdashers'
St Catherine		 Foundation 2,330,480 60,030 (60,030) 31,193 2,361,673
Monmouth
School Scholarships		 Fund 479,760 12,502 (12,502) 6,296 486,058
Schroders
&Haberdashers		 Educational
Foundation 833,330 21,458 21 458 10842 844 172
4,053027 104 406 104406 53,962 4 106,989
Permanent
endowment		 funds
Thomas Aldersey
School		 Fund 593,596 13,368 (13,368) 7,134 600,730
Thomas
Arno Fund		 2,375,120 61,202 (61,202) 32,681 2,407,781
Further
& Higher Education		 Fund 1,911,740 49,261 (49,261) 26,289 1,938,029
F Pritchard
Fund		 87,037 2,243 (2,243) 1,197 88,234
Monmouth
School Scholarships		 Fund 1,441,907 37,235 (37,235) 22,992 1,464,899
Prize Fund 343,228 11,264 354,492
Pamela
K Pye Fund		 204,359 6,585 210,944
Travel Scholarships
Fund		 687,767 17.709 (17,709) 8,926 696,693
Throckmorton
Trotman		 Fund 1,453,988 37,446 37,446 19213 1,473,201
9098,742 218,464 218464 136,261 9,235,003
Total endowment
funds		 13,151,769 322,870 322,870 190,223 13,341,992
Total Charity Funds 13680,268 430,397 293,827 180,841 13 997,680

Analysis
of net assets between
funds		 for the year end ed 30June 20 20
Unrestricted
General Restricted Endowment Balance
Fund Funds Funds 30June 2020
8 8 8
Tangible asset 66,807 66,807
Fixed asset investments 332,100 13,280,666 13,612,766
Net current assets 212 405,376 (5,481) 400,107
Creditors due in more than one year 82 000 82 000
212 655476 13,341,992 13,997680

Unrestricted Unrestricted Permanent
General Endowment Total Total
Fund Fund 2021 2020
Note 6 6 8 E
Income and endowments from:
Donations
from the Trustee		 10,000 10,000 10,000
Investments:
Haberdashers'
Charities		 Investment Pool 35,150 35,150 35,161
Interest receivable 91 91 246
10,000 35,241 45,241 45,407
Expenditure
on:
Charitable
activities:
Grants awarded 2 27,110 27,110 27,063
27 110 27 110 27,063
Net gains on investments 252,151 252 151 18,764
Net (expenditure)/income (17,110) 287,392 270,282 37,108
Transfer between
funds		 8 35,242 35,242
Net movement
in funds		 18,132 252,150 270,282 37,108
Reconciliation
of Funds:
Fund balances
brought		 forward 59,948 1,383,280 1,443,228 1,406,120
Fund balances carried forward 8 78,080 1,635,430 1,713510 1,443,228

2021 2020
Note E E
Fixed assets
Investments 1 635431 1,383,280
Current assets
Debtors 7 8
Investments 59,400 19,400
Cash at bank 20,774 43,391
80,181 62,799
Liabilities
Creditors: amounts falling due within one year (2,102) (2,851)
Net current assets less current liabilities 78079 59948
Total net assets 1 713,519 1,443 228
The Funds ofthe Charity:
Permanent endowment fund 1,635,430 1,383,280
Unrestricted general fund 78,080 59,948
Total Charity Funds 1,713,510 1,443,228

2 Analysis of charitable of charitable expenditure Charitable Governance Total Total
Activities Cost 2021 2020
5 8 8 5
Costs directly allocated to activities
Grants awarded, listed below 23,500 23,500 23,500
Support costs and overheads
allocated direct:
Bank charges 30 30 15
Audit fee 646 646 597
allocated on the basis of staff time:
Salaries 2,208 360 2 568 2,549
Service charges 314 51 365 402
26,053 1,058 27,110 27,063

Analysis of grants
2021
f
For Christianity
and		 the Church
Awarded
and paid in		 the year:
The Bishop of London's Discretionary Fund Haberdashers' Jones Grants for Clergy and Ordinands 4,000
The Bishop ofSouthwark's
Discretionary
Fund		 Haberdashers' Jones Grants for Clergy and Ordinands 4,000
10grants to institutions up to 52,000 each 9,900
2 grants to individuals 1,100
Total
- Chnstianity		 19,000
For Welfare:
6 grants to institutions up to 62,000each 4,500
Tote I —Welfare 4,500
Total grants awarded
and paid in		 the year ended 30June 2021 23,500

4 Investments
Haberdashers' Charities Investment Pool 2021 2020
F
Market value as at 1 July 1,383,280 1,364,516
Unrealised
gain		 252,151 18784
Market value as at 30June 1,635,431 1 383282

Trust Unapplied
for Total Total Total
investment
6		 Return
6		 2021f 2020
F
Trust for investment at 1 July 2020 754,029 629,251 1,383,280 1,364,516
Investment returns:
Investment
income		 35,242 35,242 35,161
Realised and unrealised investment gains 252,151 252,151 18,764
Transfer to trust for application (35,242) (35,242) (35,161)
Trust for investment at 30June 2021 754,029 881,402 1,635,431 1,383,280
Represented by:
Investment in Charities Investment Pool (Total Return) 1,635,431 1,383,280
6 Debtors 2021 2020
F
Accrued interest 7 8
7 Creditors: amounts falling due within one year 2021 2020
6
Salaries and service
charges 1,456 2,461
Other creditors 646 390
2,102 2,851

8 The Funds ofthe Charity ofthe Charity ofthe Charity Balance Other Transfer Balance
1 July Incoming Resources gains & between 30June
2020 resources expended losses funds 2021
E E E E E E
Unrestricted general fund 59,948 10,000 (27,110) 35,242 78,080
Permanent endowment fund 1,383,280 35,241 252,151 (35,242) 1,635,430
1,443,228 45,241 27,110 252 151 1 713,510

Unrestricted Permanent
General Endowment Total
Fund Fund 2020
6 6
Income and endowments from:
Donations
from the Trustee		 10,000 10,000
Investments:
Haberdashers'
Charities		 Investment Pool 35,161 35,161
Interest receivable 246 246
10246 35,161 45,407
Expenditure
on:
Charitable
activities:
Grants awarded 27,063 27,063
27,063 27,063
Net gains on investments 18,764 18,764
Net Income/(expenditure) (16,817) 53,925 37,108
Transfer between
funds		 35,161 35,161
Net movement
in funds		 18,344 18,764 37,108
Reconciliation
of Funds:
Fund balances
brought		 forward 41,604 1,364,516 1,406, 120
Fund balances carried forward 59,948 1 383,280 1,443,228

Charitable Charitable Charitable Governance Governance Total
Activities Cost 2020
E E E
Costs directly allocated to activities
Grants awarded,
listed		 below 23,500 23,500
Support costs and overheads
allocated direct:
Bank charges 15 15
Audit fee 597 597
Other professional
fees
allocated
on the basis		 of staff time:
Salaries 2, 195 354 2,549
Service charges 347 55 402
26 057 1,006 27,063
12 Movement
on unapplied		 total return for the year ended 30 June 2020
Trust Unapplied
for Total Total
investment Return 2020
E E E
Trust for investment at 1 July 2019 754,029 610,487 1,364,516
Investment
returns:
Investment
income		 35,161 35,161
Realised and unrealised investment gains 18,764 18,764
Transfer to trust for application (35,161) (35,161)
Additional
funds invested
Trust for investment at 30June 2020 754,029 629,251 1,383,280
Represented
by:
Investment
in Charities		 Investment Pool (Total Return) 1,383,280
13 The Funds ofthe Charity for the year ended 30 June 2020
Balance Other Transfer Balance
1 July
2019		 Incoming
resources		 Resources
expended		 gains &
losses		 between
funds		 30June
2020
E E E E E E
Unrestricted
general		 fund 41,604 10,246 (27,063) 35,161 59,948
Permanent
endowment		 fund 1,364,516 35,161 18,764 (35,161) 1,383,280
1,406,120 45,407 27,063 18,764 1,443,228

Unrestricted
General Restricted Endowment Total Total
Fund Funds Funds 2021 2020
Note 8 E 8 E E
Income and endowments from:
Donations
and legacies		 3,090 3,090 3,531
Investments:
Haberdashers'
Charities		 Investment Pool 464,922 464,922 465,060
Interest receivable 90 90 1 687
3180 464,822 468 162 476 278
Expenditure
on:
Charitable
activities:
Grants awarded 2 420,586 420,586 497,103
420,586 420 586 497,103
Net gains on investments 88 22,094 3,335,118 3,357,300 255,190
Net (expenditure)/income (417,318) 22,094 3,800,040 3,404,816 228,365
Transfer
between
funds		 10 464,922 464 922
Net movement
in funds		 47,604 22,094 3,335,118 3,404,816 228,365
Reconciliation
of Funds:
Fund balances
brought		 forward 63,659 149,526 18,296,597 18,509,782 18,281,417
Fund balances carried forward 10 111,263 171,620 21,631,715 21 914,598 18,509,782

2021 2020
Note 6 6
Fixed assets
Tangible asset 380 380
Investments 21,900,688 18,482 388
21,901.068 18,452,768
Current assets
Debtors 2,806 2,506
Cash at bank 97,642 119,318
100,448 121,823
Liabilities
Creditors: amounts falling due within one year (81,918) (60,809)
Net current assets 18530 61,014
Total assets less current liabilities 21,919,598 18,513,782
Creditors: amounts falling due after more than one year (5,000) (4,000)
Total net assets 21,914,598 18,509,782
The Funds ofthe Charity:
Endowment
funds		 10 21,631,715 18,296,597
Restricted
fund		 10 171,620 149,526
Unrestricted
general		 fund 10 111,263 63,659
Total Charity Funds 21,914,598 18,509,782

Analysis
ofexpe		 ndi tur e
Direct Chantable
Charitable Support Governance Total Total
Expenditure Costs Costs 2021 2020
Costs directly allocated to activities E F E 8 E
Grants awarded (listed below) 371,805 371,805 449,944
Support costs and overheads
allocated direct:
Audit fee 8,547 8,547 7,890
Other professional fees 1,324 1,324
Other administration costs 114 114 68
Salaries 29,209 4,755 33,964 33,857
Service charges 4,155 676 4,831 5,344
371,805 33.478 15,303 420,586 497 103
Grants awarded:
Education
&training		 200,875 18,087 8,269 227,231 258,084
Welfare 167,930 15,121 6,912 189,963 234,600
Health care 1,500 135 61 1,696 1,657
Christianity
8		 the Church 1,500 135 61 1,696 2 762
Total grants 371,805 33,478 15,303 420,586 497,103

3
Grants awarded
2021
ForWelfare: E
Haberdashers'
Adams'		 Whole school public address system 10,000
Bipolar UK Donation
in respect ofthe Master's		 allocation 5,000
Foundation
for Change		 Training
programme
for ex-offenders,
homeless		 & unemployed 10,000
Naz Legacy Foundation Donation
in respect of Master's
allocation		 5,000
XLP Major grant award-Exclusion Reduction Programme 45,000
University
of East London		 Continuation
ofthe Haberdashers'
Awards		 Company Entrepreneur 10,000
36grants
to institutions
2 grants to individuals
1 indiwdual
Grants
authorised
and		 up to E2,000
up to E2,000 each
paid
in the year		 Grant returned 53,980
950
~2,000
137030
Pa able a er 30Ju e 2021:
Guildhall
School Trust		 30,000
Total - Vyelfara 167,930
For Healthcara: E
3 grants to institutions up to f2,000 1,500
Total - Healthcare 1,500
For Education
&Training:		 f
Cockpit Arts Haberdashers'
textile awards		 10,000
Guys, Kings &St Thomas'
Dentistry		 School of Medicine 8
Hardship
fund for medical		 students —Jeston bursary scheme 5,000
Haberdashers'
Abraham		 Darby Further
funding
ofADAPT		 115,000
King Edward's
School		 Witley Bridewell
Fellowship
bursary
school		 to enable pupils to attend the 8,000
London College of Fashion
Royal School of Needlework		 London College of Fashion Scholarship
2020
Future Tutors programme
& Haberdashers'
prise for Raised
Embroidery
&embellishment		 10,000
10,000
St Barts &the Royal London
Dentistry		 School of Medicine 8
Hardship
fund for medical		 students —Jeston bursary scheme 5,000
The Smallpiece
Trust		 Funding
for Haberdashers'		 Scholarships 2021 8,800
4 grants to institutions up to F2,000each 3,025
4 grants to individuals up to E2,000each 2,050
176276
P
able after 30June		 2021:
Mr Adam
Khayat
Royal College of Art		 2021 Haberdashers'
Picken Scholarship
to
Haberdashers'
Textile Scholarship
2021/22		 read Pharmacology 4,000
20,000
2
OOQ
Grantsacco
ntedforin		 revieus
ears		 a ableafter30June2021
2019Haberdashers'
Picken		 Scholarship to read
Mr Jacob Bentham Pharmacy 1,000
2020 Haberdashers'
Picken		 Scholarship to read
Miss Lucy Kinsey Pharmacy 3 000
4,000
Total- Education 8 Training 200,875

3 Grants awarded
(continued)
2021
For Christianity a the Church:
3 grants to institutions
up to 82,000		 1,500
Total —Christianity
8 the Church		 1 500
Total grants awarded
in the year ended 30June 2021		 371,805
4 Fixed assets - Investments 2021 2020
F 5
(a) Haberdashers'
Charities
Investment		 Pool 21,631,336 18,296,218
(b) Common
Investment
Funds		 171,620 149,526
(c) Property
Income Fund for Charities		 97,732 6 644
21,900,688 18452,388
(a) Haberdashers'
Charities
Investment		 Pool
Market value as at 1 July 18,296,218 18,048,034
Unrealised
gain		 3335118 248,184
Market value as at 30June 21,031 336 18,296,218
(b) Common
Investment
Funds
Market value as at1 July 149,526 140,164
Unrealised
gain		 22094 9,362
Market value as at 30June 171,620 149,526
(c) Property
Income Trust for Charities
Market value as at 1 July		 6,644 100,000
Additions 100,000 7,000
Reduction
in investment
cash
Unrealised
gain/(loss)		 (9,000)
88		 (98,000)
~2,356
Market value as at 30June 97.732 6 644

No new endowm ent g ifts were recei ved
during
the year.
Trust Unapplied
for Total Total Total
investment
8		 Returnf 2021
6		 2020
8
Trust for investment at 1 July 2020 9,973,293 8,322,925 18,296,219 18,048,034
Investment
returns:
Investment
income		 464,922 464,922 465,060
Realised and unrealised investment gains 3,335,118 3,335,118 248,185
Transfer to trust for application (464,922) (464,922) (465,060)
Trust for investment at30June 2021 9,973,293 11,658,043 21,631,336 18,296,219
Represented
by:
Investment		 in Charities Investment Pool (Total Return) 21,631,336 18,296,219
6 Debtors 2021 2020
6 6
Accrued interest 7 7
Tax recoverable 975 675
Other income I 824 1,824
2 806 2 506
7 Creditors —amounts falling due within one year 2021 2020
6
Salaries and service charges 19,255 32,646
Grants payable 53,000 23,000
Other creditors 9,663 5,163
81 918 611809
8 Creditors —amounts falling due after more than one year 2021 2020
6 E
Grants payable 5 000 41100

9 Analysis of net assets of net assets of net assets between funds Unrestricted Unrestricted
General Restricted Endowment Balance
Fund Funds Funds 30June 2021
6 6
Tangible asset 380 380
Fixed asset investments 97,732 171,620 21,631,336 21,900,688
Net current assets
Creditors
due
in more		 than one year 18,531
5,000		 (1) 18,530
~5,555
111,263 171625 21,631 715 21 914595
10 Statement of Funds
Balance Other Transfer Balance
1 July Incoming Resources gains 8 between 30June
2020 resources expended losses funds 2021
6 6 8 8 F 6
Unrestricted general fund 63,659 3,180 (420,586) 88 464,922 111,263
Restricted 'Hobby'
fund		 149,526 22,094 171,620
Expendable endowment fund 2,377,031 433,287 2,810,318
Permanent endowment fund 15,919,566 464,922 2,901,831 (464,922) 18,821,396
Total Charity
Funds		 18,509,782 468 103 420,586 3,357,300 21,914,598

Unrestricted
General Restricted Endowment Total
Fund Funds Funds 2020
6 E E F
Income and endowments from:
Donations
and legacies		 3,531 3,531
Investments:
Haberdashers'
Charities		 Investment Pool 465,060 465,060
Interest receivable 1,687 1 687
5,218 465 060 470 278
Expenditure
on:
Charitable
activities:
Grants awarded 497,103 497,103
497 103 497 103
Net gains on investments (2,356) 9,362 248,184 255,190
Net income/(expenditure) (494,241) 9,362 712,244 228,365
Transfer between
funds		 465 060 465,060
Net movement
in funds		 (29,181) 9,362 248,184 228,365
Reconciliation
of Funds:
Fund balances
brought		 forward 92,840 140,164 18,048,413 18,281,417
Fund balances carried forward 63,659 149,526 18,296597 18,509782

Analysis ofexpend itu re for th e yea r ended 30June 2020
Direct Charitable
Charitable Support Governance Total
Expenditure Costs Cost 2020
Costs directly allocated to activities F 6 F
Grants awarded
(listed		 below) 449,944 449,944
Support costs and overheads
allocated
direct:
Audit fee 7,890 7,890
Other administration costs 68 68
Salaries 29,150 4,707 33,857
Service charges 4,600 744 5,344
449,944 33818 13341 497103
Grants awarded:
Education
8 training		 233,600 17,557 6,927 258,084
Disadvantaged
people		 212,344 15,960 6,296 234,600
Health care 1,500 113 44 1,657
Christianity
&the		 Church 2,500 188 74 2 762
Total grants 449,944 33818 13,341 497,103
Movement
on unapplied		 total return for the year ended 30 June 2020
Trust Unapplied
for Total Total
investment Return 2020
6 F
Trust for investment at 1 July 2019 9,973,293 8,074,741 18,048,034
Investment
returns;
Investment
income		 465,060 465,060
Realised and unrealised investment gains 248,185 248,185
Transfer to trust for application (465,060) (465,060)
Additional
funds invested
Trust for investment at 30June 2020 9,973,293 8,322,925 18,296,219
Represented
by:
Investment
in Charities		 Investment Pool (Total Return) 18,296,219

Analysis of net ass ets betw een funds for the year ende d 30June 2 020
General Restricted Endowment Balance
Fund Funds Funds30 June 2020
6 8
Tangible asset 380 380
Fixed asset investments 6,644 149,526 18,296,219 18,452,388
Net current assets 61,015 (1) 61,014
Creditors
due		 in more than one year (4,000) (4,000)
63659 149,526 18,296,597 18,509782
Statement of Funds for the year ended 30 June 2020
Balance Other Transfer Balance
1 July Incoming Resources gains & between 30June
2019
8		 resources
8		 expended
K		 losses
f		 funds 2020
Unrestricted general fund 92,840 5,213 (498,103) (2,356) 465,060 63,659
Restricted 'Hobby'
fund		 140,164 9,362 149,526
Expendable endowment fund 2,344,788 32,243 2,377,031
Permanent endowment fund 15,703,625 465,060 215,941 (465,060) 15,919,566
Total Charity Funds 18,281,417 470 278 497,103 255,190 18,509,782

Unrestricted Unrestricted
General Restricted Endowment Total Total
Fund Funds Funds 2021 2020
Note E 6 6 6 E
Income and endowments from:
Donations
and legacies		 93,311 1,650 100,000 194,961 166,687
Investments:
Haberdashers'
Charities		 Investment Pool 17,556 17,556 17,408
Interest receivable 12,254 12,254 16,521
105,565 1,650 117,556 224,771 200,616
Expenditure
on:
Charitable
activities:
Grants awarded 2 116,341 116,341 101,193
116,341 116,341 101,193
Net gains on investments 4 16,705 125,940 142,645 5,570
Net income/(expenditure) 5,929 1,650 243,496 251,075 104,993
Transfer between
funds		 10 17,556 (17,556)
Net movement
on funds		 23,485 1,650 225,940 251,075 104,993
Reconciliation
offunds:
Total funds
brought
forward		 264,043 75,344 807,032 1,146,419 1,041,426
Total funds carried forward 10 287,528 76,994 1,032,972 1,397,494 1,146,419

2021 2020
Note 5 8
Fixed assets
Investments 1 059945 957,300
Current assets
Debtors 38,741 29,573
Investments 12,700 12,700
Cash at bank 296,473 189,046
347,914 231,319
Liabilities
Creditors: amounts falling due within one year (10,365) (30,200)
Net current assets 337,549 201,119
Total assets less current liabilities 1,397,494 1,158,419
Creditors: amounts falling due after more than one year 8 (12,000)
Total net assets 1 397494 1 146419
The Funds ofthe Charity:
Endowment funds 10 1,032,972 807,032
Restricted
funds		 10 76,994 75,344
Unrestricted general fund 10 287,528 264,043
TotalCharit Fund s 1,397494 1 146419

2
Analysis ofcharitable		 2
Analysis ofcharitable		 expenditure Fundraising Charitable Governance Total Total
Costs Activities Cost 2021 2020
E E E E
Grants to institutions 115,000 115,000 100,300
Audit fees 360 360 290
Other administration costs 981 981 603
115981 360 116341 101,193

3
Analysis of Grants a		 war ded
2021
E
For Education and Training:
Monmouth
Sohool for Girls		 Grant to related charity 20,000
Haberdashers'
Abraham
Darby		 Funding
for ADAPT		 95,000
115000
Grants accountedforl
revi		 s rs a s I a r
June2 2t
AkzoNobel/Haberdashers'
Science Scholarships		 10,000
Total —Education a Training 115000
Total grants awarded
in		 the year ended 30June 2021 115DDD

Y ear ended 30June 2021
2021 2020
4 Fixed assets - Investments
E E
(a)
(b)
(c)		 Haberdashers'
Charities
Investment
Pool
Diversified
Property
Fund for Charities
Property
Income Trust for Charities		 816,842
223,815
19,288		 690,902
208,308
58 090
1,059,945 957,300
(a) Haberdashers'
Charities
Investment
Market value as at 1 July		 Pool 690,902 581,530
Additions 100,000
Unrealised
gain		 125940 9,372
Market value as at 30June 818842 690,902
(b) Diversified
Property
Fund for Charities
Market value as at 1 July		 208,308 291,400
Reduction
in investment
cash
Unrealised
gain/(loss)
Market value as at 30 June		 15507
223 815		 (82,000)
~1,1192
208.308
(c) Property
Income Trust for Charities
Marketvalue
as at 1 July
Additions		 58,090 6,800
54,000
Reduction
in investment
cash
Unrealised
gain/(loss)
Market value as at 30June		 (40,000)
1,198
19288		 ~2770
58,090



til after year end and,
therefore,
is n		 ot included
in		 the table below.
Trust Unapplied
for Total Total Total
investment Return 2021 2020
E E E. E
Trust for investment
at		 1 July 2020 504,137 186,765 690,902 581,530
Investment
returns:
Investment
income
Realised and unrealised
investment
Transfer to trust for application
Addition
for investment		 gains 17,556
125,940
(17,556)		 17,556
125,940
(17,556)		 17,408
9,372
(17,408)
100,000
Trust for investment at 30June 2021 504,137 312,705 816,842 690,902
Represented
by:
Investment
in Charities		 Investment Pool (Total Return) 816,842 690,902

6 Debtors 2021 2020
6 f
Accrued interest 2,891 3,523
Tax recoverable on donations 35,825 25,943
Other debtors 25 106
38,741 29,573
7 Creditors: amounts falling due within one year 2021 2020
6
Charitable grants payable 10,000 30,000
Audit fees 241 200
Other creditors 124
10365 30.200
8 Creditors: amounts falling due after more than one year 2021 2020
6
Charitable grants payable 12,000
9 Analysis of net assets between funds
Unrestricted Balance
General Restricted Endowment 30June
Fund Funds Funds 2021
6 8
Fixed asset investments 243,103 816,842 1,059,945
Net current assets 287,528 (166,109) 216,130 337,549
Long term creditors
287 528 76994 1 032,972 1 397494

10 The Funds ofthe Charity ofthe Charity ofthe Charity Balance Other Transfer Balance
1 July Incoming Resources gains & between 30June
2020 resources expended losses funds 2021
E E E E E E
Unrestricted general fund 264,043 105,565 (116,341) 16,705 17,556 287,528
Restricted donations fund 75,344 1,650 76,994
Expendable endowment fund 440,191 68,740 509,231
Permanent endowment fund 366,541 117,556 57,200 (17,556) 523,741
Total Charity
Funds		 1 146,419 224, 771 116,341 142,645 - 1,397494

Unrestricted
General Restricted Endowment Total
Fund Funds Funds 2020
E E E E
Income and endowments from:
Donations
and legacies		 65,037 1,650 100,000 166,687
Investments:
Haberdashers'
Charities		 Investment Pool 17,408 17,408
Interest receivable 16,521 16,521
81,558 1,650 117,408 200,616
Expenditure
on:
Charitable
activities:
Grants awarded 105,193 (4,000) 101,193
105,193 (4,000) 101,193
Net gains on investments (3,802) 9,372 5,570
Net income/(expenditure) (27,437) 5,650 126,780 104,933
Transfer between
funds		 17,408 (17,408)
Net movement
in funds		 (10,029) 5,650 109,372 104,993
Reconciliation
offunds:
Total funds brought forward 274,072 69,694 697,660 1,041,426
Total funds carried forward 264,043 75,344 807,032 1,146,419
Analysis of charitable expenditure for the year ended 30 June 2020
Fundraising Charitable Governance Total
Costs Activities Cost 2020
E E E E
Grants to institutions 100,300 100,300
Fundraising
costs
Audit fees 290 290
Other administration costs 603 603
100,903 290 101,193

Trust Trust Unapplied Unapplied
for Total Total
investment Return 2020
8 6
Trust for investment at 1 July 2019 404,137 177,393 581,530
Investment
returns:
Investment
income		 17,408 17,408
Realised and unrealised investment gains 9,372 9,372
Transfer to trust for application (17,408) (17,408)
Addition for investment 100,000 100,000
Trust for investment at 30June 2020 504,137 186,765 690,902
Represented
by:
Investment
in Charities		 Investment Pool (Total Return) 690,902
Analysis of net assets between funds for the year ended 30June 2020
Unrestricted Balance
General Restricted Endowment 30June
Fund Funds Funds 2020
6
Tangible assets 266,398 690,902 967,300
Net current assets/(liabilities) (2,355) 87,344 116,130 201,119
Long term creditors (12,000) (12,000)
264 043 75 344 807,032 1 146,419
The Funds ofthe Charity for the year ended 30June 2020
Balance Other Transfer Balance
1 July Incoming Resources gains & between 30June
2019 resources expended losses funds 2020
6 8 E
Unrestricted
general		 fund 274,072 81,558 (105,193) (3,802) 17,408 264,043
Restricted
donations		 fund 69,694 1,650 4,000 75,344
Expendable
endowment		 fund 433,690 6,801 440,491
Permanent
endowment		 fund 263,970 117,408 2,571 (17,408) 366,541
Total Charity Funds 1,041,426 200,616 101,193 5,570 1 146,419