| Other donations totalling 64,095(202 |
1:f4,190)were made from the Unrestricted | Fund in support of: |
|---|---|---|
| Lord Mayors Appeal | 410 | |
| Museum ofLondon | 410 | |
| Help Musicians UK | 205 | |
| Friends ofHighgate Cemetery |
205 | |
| City ofLondon Police Widows &Orphans | 310 | |
| Garden ofRemembrance | 190 | |
| Royal British Legion City ofLondon | Poppy Appeal | 205 |
| GSMD Scholarship Fund |
715 | |
| StPauls Cathedral Foundation |
510 | |
| Sheriffs &Recorders Fund | 310 | |
| Livery Schools Link | 125 | |
| Greenwich Deptford and Rotherhithe |
Sea Cadets | 500 |
| f4,095 |
| Notes | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| FIXEDASSETS | ||||||
| Quoted investments | 2,124,504 | 2,529,724 | ||||
| Royal Albert Hall Box | 650,000 | 650,000 | ||||
| 2,774,504 | 3,179,724 | |||||
| CURRENT ASSETS | ||||||
| Stock | 1,859 | 3,626 | ||||
| Debtors | 30,790 | 20,193 | ||||
| Cash at bank | 61,678 | 39,576 | ||||
| 94,327 | 63,395 | |||||
| CREDITORS: amounts | falling due | |||||
| within one year | ||||||
| Other creditors | (17,357) | (19,048) | ||||
| NET CURRENT ASSETS | 76,970 | 44,347 | ||||
| NET ASSETS | 82,851,474 | 83,224,071 | ||||
| UNRESTRICTED FUND | ||||||
| General Fund (page 9) | 558,345 | 610,582 | ||||
| RESTRICTED FUNDS | (page 9) | |||||
| Collection Fund | 1,770,060 | 2,013,635 | ||||
| Hain Sanders Tappenden | Fund | 307,480 | 354,313 | |||
| Derek Pratt Prize Fund | 215,589 | 245,541 | ||||
| 2,293,129 | 2,613,489 | |||||
| TOTAL CHARITY FUNDS | 82,851,474 | f3,224,071 |
| Restricted Funds | Restricted Funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Hain | D Pratt | Total | Total | |||||
| Funds | Sanders | Prize | Collection | Funds | Funds | ||||
| Tappenden | |||||||||
| 2022 | 2022 | 2022 | 2022 | 2022 | 2021 | ||||
| Notes | g | g | g | ||||||
| INCOME FROM: | |||||||||
| Breguet fund raiser | 18,855 | 18,855 | |||||||
| Investment income |
11,395 | 6,573 | 6,863 | 41,831 | 66,662 | 67,742 | |||
| Royal Albert Hall Box | income | 20,135 | 20,135 | (4,415) | |||||
| Contents ofPoor Box | 1,450 | 1,450 | 21 | ||||||
| Royalties income | 493 | 493 | 158 | ||||||
| Donations received | 30,993 | 31,031 | 62,024 | 47,106 | |||||
| Legacies received | 2,000 | ||||||||
| Charity funded mentoring | scheme | 4,199 | 4,199 | ||||||
| Profit (loss) on sale ofmerchandise | 234 | 234 | 454 | ||||||
| Profit/(Loss) on Clockmakers of |
1,191 | 1,191 | 655 | ||||||
| London | |||||||||
| 67,126 | 6,573 | 6,863 | 94,681 | 175,243 | 113,721 | ||||
| EXPENDITURE ON: | |||||||||
| Direct Charitable Expenditure |
44,594 | 11,907 | 67,322 | 123,823 | 113,119 | ||||
| Management and administration |
of | ||||||||
| the charity | 5,559 | 1,430 | 1,207 | 15,950 | 24,146 | 24,147 | |||
| 50,153 | 13,337 | 1,207 | 83,272 | 147,969 | 137,266 | ||||
| NET INCOME BEFOREGAINS | 16,973 | (6,764) | 5,656 | 11,409 | 27,274 | (23,545) | |||
| /(LOSSES) ON INVESTMENTS | |||||||||
| OTHER RECOGNISED | GAINS | ||||||||
| AND (LOSSES) | |||||||||
| Unrealised net gain/(loss) |
on | (68,614) | (39,724) | (34,785) | (252,790) | (395,913) | 419,084 | ||
| investments | |||||||||
| Realised net gain/(loss) | on sale of | ||||||||
| investments | (596) | (345) | (823) | (2,194) | (3,958) | 26,427 | |||
| (69,210) | (40,069) | (35,608) | (254,984) | (399,871) | 445,511 | ||||
| NET INCOME/(EXPENDITURE) | (52,237) | (46,833) | (29,952) | (243,575) | (372,597) | 421,966 | |||
| Fund balance bmught forward |
610,582 | 354,313 | 245,541 | 2,013,635 | 3,224,071 | 2,802,105 | |||
| FUND BALANCE CARRIED | FORWARD | ||||||||
| AT 31OCTOBER 2022 | f558,345 | f307,480 | 6215,589 | 81,770,060 | K2,851,474 | 83,224,071 |
| FIXEDASSETS - Investments | FIXEDASSETS - Investments | Pooled Funds | Derek Pratt Fund | Total |
|---|---|---|---|---|
| Market value 1 November |
2021 | 2,271,385 | 222,855 | 2,494,240 |
| Additions | 91,302 | 30,103 | 121,405 | |
| Proceeds ofdisposals | (94,028) | (4,316) | (98,344) | |
| Realised (loss) /gains | (3,135) | (823) | (3,958) | |
| Net (loss) /gain on revaluation | (361,128) | (34,785) | (395,913) | |
| Market Value 31 October | 2022 | 1,904,396 | 213,034 | 2,117,430 |
| Cash awaiting reinvesunent |
4,520 | 2,554 | 7,074 | |
| 1,908,916 | 215,588 | 2,124,504 | ||
| Historic cost | $1,615,912 | 179,775 | 81,795,687 |
| 3. | DIRECT CHARITABLE | DIRECT CHARITABLE | EXPENDITURE | EXPENDITURE | 2022 | 2021 | ||
|---|---|---|---|---|---|---|---|---|
| Unrestricted Fund |
||||||||
| Donations | 6,320 | 42,858 | ||||||
| Prizes | 1,300 | 1,000 | ||||||
| Cataloguing Project |
30,740 | |||||||
| Restoration ofGoblet | 408 | |||||||
| Subscriptions | 125 | 125 | ||||||
| Trustees Insurance | 447 | 557 | ||||||
| Trammg | 55 | |||||||
| Mentoring costs |
5,199 | |||||||
| Collection Fund | ||||||||
| Assistant Keeper's | fees | 4,160 | 3,351 | |||||
| Curator's salary and pension costs |
40,792 | 39,790 | ||||||
| Curatorial Adviser |
1,000 | 1,000 | ||||||
| lnsumnce | 5,466 | 6,022 | ||||||
| Purchase ofRippon | Portrait | 3,960 | ||||||
| Display and storage | costs | 4,795 | 792 | |||||
| Restoration costs |
1,700 | |||||||
| Travel and accommodation | 175 | |||||||
| Other sundry expenses | 842 | 1,861 | ||||||
| Trallllllg | 876 | |||||||
| Pilot digitisation project |
2,730 | 3,000 | ||||||
| Clement clock | 4,550 | |||||||
| Awards | 2,512 | |||||||
| Transport | 826 | |||||||
| Hain Sanders Tappenden | Award | |||||||
| Prize awarded | 500 | 5,000 | ||||||
| Horological Training Course |
11,407 | 701 | ||||||
| f123,823 | f113,119 | |||||||
| MANAGEMENT | AND ADMINISTRATION | OF THE CHARITY | 2022 | 2021 | ||||
| g | ||||||||
| Accountarrcy | 2,000 | 2,000 | ||||||
| Contribution to Worshipful |
Company ofClockmakers | staff costs | 9,000 | 9,600 | ||||
| Portfolio advisory charges | 12,211 | 12,409 | ||||||
| Sundry expenses | 935 | 138 | ||||||
| 624, 146 | $24,147 | |||||||
| COVENANTS AND DONATIONS RECEIVED |
2022 | 2021 | ||||||
| f. | g | |||||||
| Donation from the George Daniels Educational |
Trust | 30,000 | 30,000 | |||||
| Other donations received (including |
Breguet fundraiser) | 45,401 | 14,814 | |||||
| Income tax recoverable | 5,478 | 2,292 | ||||||
| f80,879 | 647,106 |
| Restricted Funds | Restricted Funds | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Hain | DPratt | Total | |||||
| Funds | Sanders | Prize | Collection | Funds | ||||
| Tappenden | ||||||||
| 2021 | 2021 | 2021 | 2021 | 2021 | ||||
| Notes | ||||||||
| INCOME FROM: | ||||||||
| Investment income |
12,843 | 6,727 | 6,586 | 41,586 | 67,742 | |||
| Royal Albert Hall Box | income | (4,415) | (4,415) | |||||
| Contents ofPoor Box | 21 | 21 | ||||||
| Royalties income | 158 | 158 | ||||||
| Donations received |
17,106 | 30,000 | 47,106 | |||||
| Legacies received | 2,000 | 2,000 | ||||||
| Profit on sale ofmerchandise | 454 | 454 | ||||||
| Profit/(Loss) on Clockmakers of |
655 | 655 | ||||||
| London | ||||||||
| 33,079 | 6,727 | 6,586 | 67,329 | 113,721 | ||||
| EXPENDITURE ON: | ||||||||
| Direct Charitable Expenditure |
44,540 | 5,701 | 62,878 | 113,119 | ||||
| Management and administration |
of | |||||||
| the charity | 3,525 | 1,233 | 1,197 | 18,192 | 24,147 | |||
| 48,065 | 6,934 | 1,197 | 81,070 | 137,266 | ||||
| NKT INCOME BEFOREGAINS | (14,986) | (207) | 5,389 | (13,741) | (23,545) | |||
| /(LOSSES) ON INVESTMENTS | ||||||||
| OTHER RECOGNISED | GAINS | |||||||
| AND (LOSSES) | ||||||||
| Unrealised net gain/(loss) |
on | 80,831 | 42,340 | 34,175 | 261,738 | 419,084 | ||
| investments | ||||||||
| Realised net gain/(loss) | on | sale of | ||||||
| investments | 4,367 | 2,287 | 5,634 | 14,139 | 26,427 | |||
| 85,198 | 44,627 | 39,809 | 275,877 | 445,511 | ||||
| NET INCOME/(EXPENDITURE) | 70,212 | 44,420 | 45,198 | 262,136 | 421,966 | |||
| Fund balance brought forward | 540,370 | 309,893 | 200,343 | 1,751,499 | 2,802,105 | |||
| FUND BALANCE CARRIED FORWARD | ||||||||
| AT31OCTOBER 2021 | f610,582 | I354,313 | f245,541 | f2,013,635 | f3,224,071 |