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|Contents||Page|
|---|---|---|
|Trustees' Annual Report||14|
|Independent
Examiner's|Report|5|
|Statement ofFinancial AcbvrTies||6|
|Balance Sheet||7|
|Notes to the Accounts||844|
|Derailed Statement ofFinancial ActtvrTies with Comparatives||16|
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||||Expendable|Unresbicied|Restricte|Trrisl
-|Expendable|Unrestricte|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||Endowment|Funds|Funds|Funds|Endowment|Funds|Funds|Funds|
||||2023|2023|2023|2023|2022|2022|2022|2022|
|||Nots|E|E|F|f|E|E|5|5|
|INCOME AND ENDOWbf ENTS||FROM:|||||||||
|Donations and legacies||3||20,367|173,801|194,168||49,093|171,053|220,145|
|Legacies|||||10,000|10,000|||||
|Investments||4||25,137||25,137||22,490|||
|Total income and endowments||||45,504|183,801|229,305||71,583|171,053|242,636|
|EXPENDITURE ON:|||||||||||
|Invsstmsnt
manager's
fees|||4,058|1,855||5,913|3,813|1,743||6,655|
|Grants||||17.852||17,862||27,382||27,382|
|Fund raising costs||||820||820||1,988||1,968|
|Recharged expenses||||10,978||10,978||5,784||6,764|
|Independent
Examineris fee||||2,010||2,010||1,980||1,980|
|Bank fees||||72||72||97||97|
|Pollinating
London Together|||||147,930|147,930|||54,992|54,992|
|Exchange rats variance||||(81)||||(3)|||
|Total expenditun.|||4,068|33,506|147,930|185,576|3,813|38,930|54,992|97,737|
|Net gains/(losses)
on investments|||(10,421)|(4,764)||(15,185)|62,275|28r466||90,740|
|Net incomlngl(oulgolng)|resources||{14,480)|7,234|35,571|28,625|58,462|61,118|118,061||
|Net movement
in funds|||('l4,480)|7,234|35,871|28,625|68,462|61,122|116,061|235,642|
|Reconciliation
offunds:|||||||||||
|Total funds brought forward|||699,671|353,328|147,398|1,200,396|541,209|292,210|31,337|964,756|
|Total funds cerned forward|||685,192|360,562|183,267|1,229,022|899,671|353,328|147,398|1,200,396|
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|3|Income from donati|ons|and|legacies|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||5|5|
||Cash donations|(including||tax recoverable)|204,168|220,145|
||Legacies||||10,000||
||||||214,168|220,145|
|4|Investment
income||||||
||||||2023|2022|
|||||||5|
||Income from listed investments||||24,398|22,477|
||Interest receivable||||739|13|
||||||25,137||
|5|Raising funds||||||
||||||2023|2022|
||Investment
management|||costs|8|8|
||Investment
manager||fees||5,913|5,555|
||||||5,913|5,555|
|6|Grants payable||||||
||||||2023|2022|
||||||5|5|
||R.Paul's Cathedral||Foundation||1,301||
||William
Kendall's|Charity -||candles for St.Paul's|2,191||
||National
Honey Shaw||||8,000|7,153|
||BeesAbroad||||2,920|4,300|
||British Beekeepers Association||||'l,100|1,250|
||RAF Benevolent|Fund|||500|500|
||RAF Coningsby||||300|500|
||StVedast||||1,013|378|
||City ofLondon||||375|375|
||A Briscombe||||750||
||WCCJ Ridler||||714||
||LCSCAnnual Subs||||100||
||City Special Events||||188||
||SLiu||||200||
||Trustees ofthe UGS||||200||
||BeeFarmers Association|||||7,000|
||Welsh Beekeepers Association|||||6,000|
||Fellowship ofClerks|||||740|
||Hayes &Finch
St.Mary's Secret|Garden (Buzz in the City)|||~2,000
17852|186
~7,000
27,382|
||Recharged expenses||||||
||||||2023|2022|
||Stalf costs||||10,000|5,000|
||Office costs||||978|764|
||||||10.078|5.704|
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|d Asset Investments||||||
|---|---|---|---|---|---|
|||||2023|2022|
||||||E|
|Listed investments||||||
|Fair value at 1 April 2022|||1,105,055||876,826|
|Fees charged||||(5,913)|(5,555)|
|Income re-invested
Movement
in unrealised
Movement
in exchange|gains/(losses)
rate|||436
143,044
(15,185)
90,740
81 ~33||
|Fair value at 31 March|2023||1|084393|1 105055|
|Fixed Asset Investments|include|both the Unrestricted|and Restricted funds.|For further||
|mation, see note 17ofthe accounts.||||||
|asset allocation
within investments||was as follows:||||
|||||2023|2022|
|||||E|E|
|UK Holdings||||480,828|441,446|
|Overseas
Holdings||||603,565|520,310|
|Cash held for reinvestment|||||143,299|
||||1|084303|1 105055|
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|Movement|in funds|||||
|---|---|---|---|---|---|
||||At 01.04.22|Net|At31.03.23|
|||||Movement||
|||||in funds||
|||||6||
|Expendable
Endowment||Fund|699,671|(14,480)|685,192|
|Unrestricted
funds|||353,325|7,234|360,562|
|Restricted|funds|||||
|Hall Fabric|Fund||143,075|14,980|158,054|
|Pollinating|London Together||4,323|20,891|25,213|
|TOTALFU|NDS||1200305|28625|1229022|
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||NOTES TO THE ACCOUNTS|NOTES TO THE ACCOUNTS|NOTES TO THE ACCOUNTS|NOTES TO THE ACCOUNTS|NOTES TO THE ACCOUNTS|||
|---|---|---|---|---|---|---|---|
||FORTHE YEAR ENDED 31MARCH 2023|||||||
|During the year the movements|||in the charity's funds were as follows:|||||
|||||Incoming|Outgoing|Gains snd|Movement|
|||||fesoUIces|IesoUfces|losses|in funds|
||||||||F|
|Expendable
Endowment|Fund||||(4,058)|(10,421)|(14,480)|
|Unrestricted
funds||||45,504|(33,506)|(4,764)|7,234|
|Restricted funds||||||||
|Hall Fabric Fund||||14,980|||14,980|
|Pollinating
London Together||||168,821|(147,930)||20,891|
|TOTALFUNDS||||223,385|~785495|15.185|28625|
|Comparatives
for movement||in|funds|||||
||||||At01.04.21|Net|At 31.03.22|
|||||||movement||
|||||||in funds||
|||||||5|5|
|Expendable
Endowment|Fund||||641,209|58,462|699,571|
|Unrestricted
funds|||||292,210|61,115|353,325|
|Restricted funds||||||||
|Hall Fabric Fund|||||8,025|135,050|143,075|
|Pollina6ng
London Together|||||23.311|(18,988)|4,323|
|TOTALFUNDS|||||964,755|235639|1,200,395|
|Comparative
net movement||in funds, included||in the above are as follows:||||
|||||Incoming|Outgoing|Gains and|Movement|
|||||resoUKes|I'esoUIces|losses|in funds|
|||||F|5|||
|Expendable
Endowment|Fund||||(3,813)|62,275|58,462|
|Unrestricted
funds||||71,583|(38,933)|28,465|61,115|
|Restricted funds||||||||
|Hall Fabric Fund||||135,050|||135,050|
|Pollinating
London Together||||36,003|(54,992)||(18,988)|
|TOTAL FUNDS||||242.638|~67.78|ltll,748|235,639|
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||||Fixed|Current|Current|Total|
|---|---|---|---|---|---|---|
||||Assets|Assets|LiabiliTies||
|At 314)3-23||||5|||
|Expendable|Endowment||685,192|||685,192|
|Unresbicted|||241,147|132,445|(13,029)|360,562|
|Restricted||158,054
1 088393||25,213
157858|~13D29|183,288
1,229022|
|At 31%3-22|||||||
|Expendable|Endowment||699,671|||699,671|
|Unrestricted|||262,309|94,997|(3,980)|353,327|
|Restricted||1|143,075
'105 D55|4,323
99320|~3980|147,397
1.20D.395|
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|DETAILED PROFIT|AND LOSSACCOUNT FORTHE Y|EAR ENDED 31 MARCH|2023|
|---|---|---|---|
|||31.03.2023|31.03.2022|
|||E||
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||194,168|220,145|
|Legacies||10,000||
|Other investment
income||25,137|22,490|
|Total incoming
resources||229,305|242,635|
|EXPENDITURE||||
|Investment
management|costs|||
|Portfolio management||5,913|5,555|
|Charitable
activities||||
|Grants||'I7,852|27,382|
|Fund raising costs||820|1,966|
|Staffcosts||10,000|5,000|
|Ofgce costs||714|500|
|Pollinating
London Together||147,930|54,992|
|Governance
costs||||
|Accountancy fees||2,010|1,980|
|Trustees insurance||264|264|
|Other||||
|Bank charges||72|97|
|Exchange rate variance||(81)|(3)|
|Total resources expended||185,495|97,734|
|Net income/(expenditure)|before gains and losses|43,810|144,902|
|Net incomal(expenditure)||43,810|144,902|