| SOLICITOR | Mr. Alastair Collett, Bircham 13yson Bell, 50 Broadway, | London, | SWIH OBL | ||
|---|---|---|---|---|---|
| ACCOUNTANT | Haysmacintyre LLP, 10Queen Street Place, London, EC4R IAG |
||||
| INDEPENDENT | EXAMINER | Mr Andrew Broome ACA CTA, Haysmacintyre LLP, 10 |
Queen Street Place, | ||
| I ondon, EC4R IAG | |||||
| BANKER | C.Hoare &Co.,37Fleet Street, London, EC4P 413Q | ||||
| INVESTMENT MANAGERS | Sarasin &Partners LLP, Juxon House, 100 St Paul's Churchyard, | London, | |||
| EC4M 8BU | |||||
| The following are |
responsible | for the day-to-day management ofthe charity: |
|||
| SECRETARY | Mr. Rupert Meacher | ||||
| ASSISTANT SECRETARY | Ms. Iben Muriel |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| INCOME | ||||||
| Donations | 62,514 | 81,391 | ||||
| Other Income | 1 | 35 | ||||
| Investment income |
80,699 | 81,301 | ||||
| TOTAL INCOME | 143,214 | 162,727 | ||||
| EXPENDITURE | ||||||
| Sundry costs | 756 | 498 | ||||
| Charitable activities |
||||||
| Costs ofgiving grants | 34 | 132,276 | 164,601 | |||
| TOTAL EXPENDITURE | 133,032 | 165,099 | ||||
| OTHER RECOGNISED GAINS/(LOSSES) | ||||||
| Gains/(losses) on investment |
assets | 288,284 | 80,731 | |||
| NET INCOME/(EXPENDITURE) | 298,466 | 78,359 | ||||
| RECONCILIATION | OF | FUNDS | ||||
| Fund balances brought | forward at | 1 July 2020 | 2,679,410 | 2,601,051 | ||
| FUND BALANCES | CARRIED | |||||
| FORWARD AT 30JUNE | 2021 | 2,977,876 | 2,679,410 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | f | ||||
| FIXEDASSETS | |||||
| Investments | 2,789,241 | 2,500,957 | |||
| 2,789,241 | 2,500,957 | ||||
| CURRENT ASSETS | |||||
| Debtorsrprepayments | 1,000 | 2,000 | |||
| Accrued Income | 6,850 | 1,677 | |||
| Cash at bank and in hand | 221,458 | 212,284 | |||
| 16 | |||||
| 229,308 | 215,961 | ||||
| CURRENT LIABILITIES | |||||
| Creditors: amounts | falling due within | one year | (40,673) | (37,508) | |
| NET CURRENT ASSETS | 183,485 | 178,453 | |||
| NET ASSETS | 2,977,876 | 2,679,410 | |||
| THE FUNDS OFTHE CHARITY | |||||
| Unrestricted iacome funds |
|||||
| General fund | 2,977,876 | 2,679,410 | |||
| Designated fund |
|||||
| 2,977,876 | 2,679,410 |
| DONATIONS | 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| f | |||||||||
| Members' Donations |
22,258 | 21,314 | |||||||
| Glyndebourne | 30,000 | ||||||||
| Corporate funds |
33,400 | 28,400 | |||||||
| Gig aid reclaim | 6,856 | 1,677 | |||||||
| 62,514 | 81,391 | ||||||||
| 2. | INVESTMENT INCOME | 2021 | 2020 | ||||||
| Income arising from | the charity's | UK listed | investments | portfolio | 80,699 | 81,301 | |||
| Bank interest | I | 35 | |||||||
| 80,700 | 81,336 | ||||||||
| 3. | EXPENDITURE 2021 | Costs | of | ||||||
| Generatiag | Costs of | Total | Total | ||||||
| funds | Giving grants | 2021 | 2020 | ||||||
| Direct costs | |||||||||
| Grants and donations | awarded | (see note 4) | 129,249 | 129,249 | 162,608 | ||||
| Indirect costs | |||||||||
| General Office Costs | |||||||||
| Investment Advice |
|||||||||
| Accountancy fees |
752 | 3,009 | 3,761 | 2,460 | |||||
| Bank charges | 4 | 18 | 22 | 31 | |||||
| 756 | 132,276 | 133,032 | 165,099 |
| EXPENDITURE 2020 | EXPENDITURE 2020 | Costs | of | |||
|---|---|---|---|---|---|---|
| Generatiag | Costs of | Total | ||||
| funds | Giving grants | 2020 | ||||
| g | ||||||
| Direct costs | ||||||
| Grants and donations | awarded | (see note 4) | 162,608 | 162,608 | ||
| Indirect costs | ||||||
| General Office Costs | ||||||
| Investment Advice |
||||||
| Accountancy fees |
492 | 1,968 | 2,460 | |||
| Bank charges | 6 | 25 | 31 | |||
| 498 | 164,601 | 165,099 |
| GRANTS AND DONATIONS | AWARDED (see note 3) | AWARDED (see note 3) | 2021f | 2020f | |
|---|---|---|---|---|---|
| ReliefofPoverty | |||||
| Lord Mayor's Charity Appeal Sheriffs' k Recorder's Fund |
3,000 1,000 |
3,000 1,000 |
|||
| Lady Mayoress —LMS Appeal | 500 | 500 | |||
| Spitalfields Crypt Trust |
12,000 | 12,000 | |||
| 16,500 | 16,500 | ||||
| Advancemenl ofEducation |
|||||
| Craythorne Scholarships awarded to 10 Captain F.G.Boot Scholarships awarded |
(2020: 14)individuals to I (2020:8) individual |
5,000 1,500 |
5,000 7,500 |
||
| The Richard Metheringham Scholarship |
14,000 | 14,000 | |||
| The Richard Metheringham Prize |
250 | 250 | |||
| City ofLondon Boys' School | 2,000 | 2,000 | |||
| King Edward's School, Witley |
4,000 | 4,000 | |||
| Reeds School | 4,000 | 4,000 | |||
| Langdon Dowsett grants awarded |
to 2 (2020:2) individuals | 1,000 | 1,000 | ||
| City ofLondon Girls' School Bursary | 2,000 | 2,000 | |||
| City University Scholarship |
1,000 | 1,000 | |||
| Charles Jacobs Scholarship —Royal College ofMusic | 1,000 | 500 | |||
| Cutlers' Scholarship —Trinity Laban |
1,000 | 500 | |||
| Bibby Award —Trinity Laban | 1,000 | 500 | |||
| City ofLondon Freeman's School |
50 | ||||
| Kings College EMDP | 5,000 | 5,000 | |||
| Spital fields Crypt Trust —(Moved | ro ReliefofPoverty in 2020) | ||||
| INTO University | 15,000 | 15,000 | |||
| 57,750 | 62,300 | ||||
| Advancement ofReligion |
|||||
| StPaul's Cathedral | 500 | 500 | |||
| United Guilds Service | 175 | ||||
| 500 | 675 | ||||
| Cutlery for Hospices | |||||
| Awards to institutions | 1,143 | 9,765 | |||
| Other purposes | |||||
| Master's Charity |
4,000 | 4,000 | |||
| British Fencing Association | 300 | 900 | |||
| Royal British Legion | 50 | 50 | |||
| London Fencing Clubs | 600 | ||||
| Carried forward | 4,950 | 4,950 |
| GRANTS AND DONATIONS | GRANTS AND DONATIONS | GRANTS AND DONATIONS | AWARDED (see note 3) | 2021 | 2020 |
|---|---|---|---|---|---|
| Other purposes (eontinued) |
|||||
| Brought forward | 4,950 | 4,950 | |||
| Disabled Fencing —Piers Gilliver Festival ofStCecilia |
1,000 200 |
||||
| Sexcentenary grants |
49,000 | ||||
| British Art Medal society | - Student medal project | 250 | 250 | ||
| The Sheritfs' tk Recorder's | Fund | —Trial 61 Error | |||
| 5,200 | 55,400 | ||||
| Matched fundi ng | |||||
| Pilgrims Hospices —Matched |
Funding | 573 | |||
| Matched funding Andrew |
Roberts —Tour de central | 1,000 | |||
| Uncommitted funds | 1,573 | ||||
| Livery School Link - Annual | Subscription | 125 | 125 | ||
| Mary Le Bow Young Homeless | Charity | 1,000 | |||
| Suited and Booted | 1,000 | ||||
| The Little Princess Trust | 500 | ||||
| Charlie Walter Memorial | Trust | 1,000 | |||
| Cutlers NHS Livery | 5,000 | 5,000 | |||
| Bright Ideas (SCTEvaluation) | 1,800 | ||||
| Barts Health | 40,230 | 8,770 | |||
| 48,155 | 16,395 | ||||
| 129248 | 162,608 |
| INVESTMENTS | 2021f | 2020 f |
||||||
|---|---|---|---|---|---|---|---|---|
| Investments listed oa a recogaised stock |
exchange | in the | UK at | |||||
| market value: | ||||||||
| I July 2020 Additions at cost |
2,500,925 | 2,452,937 | ||||||
| Disposal proceeds Unrealised gains in the year Realised gains |
288,284 | (33,314) 79,110 2,191 |
||||||
| At 30June 2021 | 2,789,241 | 2,500,925 | ||||||
| Represented by investment |
in: | |||||||
| Alpha CIFfor endowments Alpha CIF for income and |
(2,266,809.01 income units) reserves (15,826.04 income units) |
2,500,925 | ||||||
| 2,789,241 | 2,500,925 | |||||||
| Historical cost ofinvestments | 1,915,259 | 1,915,259 | ||||||
| 6. | CREDITORS: amounts | falling due within | one year | 2021 | 2020 | |||
| g | ||||||||
| Amounts held as custodian |
for The Cutlers Surgical Award | Fund and | 20,920 | 22,424 | ||||
| Sexcentenary Fund |
||||||||
| Accruals | 18,782 | 13,941 | ||||||
| Trade Creditors | 970 | 1,143 | ||||||
| 40,672 | 37,508 |
| STATEMENT OF THE MOVEMENT | IN FUNDS | 2021 | 2020 |
|---|---|---|---|
| Unrestricted income funds —General Fund: |
g | ||
| I July 2020 Income Expenditure Gains on stock market Transfer to designated fund |
2,679,410 143,214 (133,032) 288,284 |
2,569,894 162,118 (116,089) 79,498 (16,011) |
|
| At 30June 2021 | 2,977,876 | 2,679,410 | |
| Sexcentenary sub account |
|||
| I July 2020 Income |
31,157 609 |
||
| Expenditure Gains/(losses) on investments Transfer to designated fund |
(49,010) 1,233 16,011 |
||
| At 30June 2021 |