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|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|||
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||||||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|
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|||||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|
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||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|
##
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|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||||