| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| INCOME | |||||
| Donations | 67,098 | 82,462 | |||
| Other Income | 45 | 6 | |||
| Investment income |
77,947 | 76,220 | |||
| TOTAL INCOME | 145,090 | 158,688 | |||
| EXPENDITURE | |||||
| Sundty costs | 387 | 557 | |||
| Charitable activities |
|||||
| Costs ofgiving grants | 3,4 | 135,155 | 98,681 | ||
| TOTAL EXPENDITURE | 135,542 | 99,238 | |||
| OTHER RECOGNISED GAINS/(LOSSES) | |||||
| Gains/(losses) on investment |
assets | 18,272 | (225,172) | ||
| NET INCOME/(EXPENDITURE) | 27,820 | (165,722) | |||
| RECONCILIATION | OF | FUNDS | |||
| Fund balances brought |
forward at I July 2022 | 2,812,152 | 2,977,876 | ||
| FUND BALANCES | CARRIED | ||||
| FORWARD AT 30JUNE | 2023 | 2,839,972 | 2,812,154 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| FIXEDASSETS | |||||
| Investments | 2,712,264 | 2,693,992 | |||
| 2,712,264 | 2,693,992 | ||||
| CURRENT ASSETS | |||||
| 125 | |||||
| Debtors/prepayments Accrued Income Cash at bank and in hand |
7,173 169,980 |
4,030 169,318 |
|||
| 177,153 | 173,473 | ||||
| CURRENT LIABILITIES | |||||
| Creditors: amounts | falling due within | one year | (49,443) | (55,311) | |
| NET CURRENT ASSETS | 127,710 | 118,162 | |||
| NET ASSETS | 2,839,974 | 2,812,154 | |||
| THE FUNDS OF | THE CHARITY | ||||
| Unrestricted income funds General fund |
2,839,974 | 2,812,154 | |||
| Designated fund |
|||||
| 2,839,974 | 2,812,154 |
| 1. | DONATIONS | 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Members' Donations |
24,238 | 19,688 30,000 |
|||||||||
| Anonymous Corporate funds GIR aid reclaim |
38,717 4, 143 |
28,500 4,274 |
|||||||||
| 67,098 | 82,462 | ||||||||||
| 2. | INVESTMENT INCOME | 2023 | 2022 | ||||||||
| Income arising | from the charity's | UK listed | investments | portfolio | 77,947 45 |
76,220 6 |
|||||
| Bank interest | |||||||||||
| 77,992 | 76,226 | ||||||||||
| 3. | EXPENDITURE 2023 | Costs of Generating funds |
Costs of Giving grants f |
Total 2023 |
|||||||
| Direct costs Grants and donations |
awarded | (see note 4) | 133,600 | 133,600 | |||||||
| Indirect costs | |||||||||||
| General Otfice Costs | |||||||||||
| Investment Advice Accountancy fees Bank charges |
378 9 |
1,517 38 |
1,895 47 |
||||||||
| 387 | 135,155 | 135,542 |
| emuneraton or p eimbursed for any expenses incurred on behalf |
emuneraton or p eimbursed for any expenses incurred on behalf |
ofthe Fund during | the current or previou |
s period. |
|---|---|---|---|---|
| EXPENDITURE 2022 | Costs of Generating |
Costs of | Total | |
| fundsf | Giving grants | 2022 | ||
| Direct costs Grants and donations |
awarded (see note 4) | 96,445 | 96,445 | |
| Indirect costs | ||||
| General Office Costs | ||||
| Investment Advice Accountancy fees Bank charges |
546 ll |
2,190 46 |
2,736 57 |
|
| 557 | 98,681 | 99338 |
| RSHIPFUL COMPANY OF CUTLERS GENERAL CHARITABLE O THE FINANCIAL STATEMENTS (continued) YEAR ENDED 30JUNE 2023 |
FUND | |
|---|---|---|
| GRANTS AND DONATIONS AWARDED (see note 3) |
2023 | 2022 |
| Connections witlt tire Compnny Disabled Fencing British Art Medal —BAMS student Medal Project London Fencing Clubs British Fencing Association Lord Mayor's Charity Appeal Lady Mayoress —LMS Appeal Master's Charity Tusk Trust Zoological Society ofLondon Cutlery for Hospices Vision Foundation I'riends ofHolypor Little Village / 2020 Change/ The kids Network Cancer Research United Guilds Service Festival ofSt Cecilia |
5,000 250 600 300 5,000 1,000 5,000 1,000 1,000 9,575 800 200 |
250 600 300 3,000 4,000 1,000 2,096 1,000 1,000 1,000 175 500 |
| 29,725 | 14,921 | |
| Support for Education Craythome Scholarships awarded to 17(2022; 17) individuals Captain F.G. Boot Scholarships awarded to I (2022:4) individuals The Richard Metheringham Scholarship The Richard Metheringham Prize The Richard Metheringham Prize (Increase for 2022) Kings College EMDP Langdon Dowsett grants awarded to 2 (2022:2) individuals Charles Jacobs Scholarship —Royal College ofMusic Cutlers' Scholarship —Trinity Laban Bibby Award —Trinity Laban City of London Girls' School Bursary City of London Boys' School King Edward's School, Witley Reeds School Travel expenses for scholars |
5,000 500 14,000 500 250 12,500 2,500 1,000 1,000 1,000 2,000 2,000 4,000 4,000 |
4,650 9,000 14,000 250 5,000 1,500 1,000 1,000 1,000 2,000 2,000 4,000 4,000 142 750 |
| City and Guilds Livery School Link |
125 | 125 |
| 50,375 | 50,417 |
| GRANTS AND DONATIONS AWARDED (see note 3) |
GRANTS AND DONATIONS AWARDED (see note 3) |
2023f | 2022 |
|---|---|---|---|
| Promotion ofSocial Cohesion Woman's Trust Hacknev Carriaae Drivers' Disneyland Military Charitv - SSAFA Charlie Wailer Trust Bloomsbury Football Foundation Spitalfields Crypt Trust Vicar's Relief Fund (Saint Martins in Sheriffs' and Recorders Fund St Mary-Le-Bow —Young Homeless Adult Literacy Trust Miracles Children Ahead Street Doctors Prosperity -Ukraine St Paul's Cathedral Cann Hall Deen Trust |
Tour the Field) Project |
15,000 1,500 1,000 2,000 2,000 17,000 2,000 2,500 2,000 1,000 2,000 2,000 3,000 (500) 1,000 |
9206 1,400 12,000 1,000 2,000 5,000 500 |
| 53,500 | 31,106 | ||
| 133,600 | 96,445 |
| INVESTMENTS | 2023 | 2022f | ||||||
|---|---|---|---|---|---|---|---|---|
| lavestments listed on a recognised stock evchange |
in the | UK at | ||||||
| market value: I July 2022 Additions at cost * |
2,693,992 | 2,789,241 130,026 |
||||||
| Disposal proceeds Unrealised gains (losses) in |
the year | 18,272 | (225,274) | |||||
| Realised gains | ||||||||
| At 30 June 2023 | 2,712,264 | 2,693,993 | ||||||
| Represented by investment Alpha CIF for endowments |
in: (2,266,809.01 income units) |
2,712,264 | 2,693,993 | |||||
| 2,712,765 | 2,693,993 | |||||||
| Historical cost of investments | 2,014,765 | 2,014,765 | ||||||
| 6. | CREDITORS: amounts | falling due within | one year | 2023f | 2022 g |
|||
| Amounts held as custodian Accruals |
for The Cutlers | Surgical | Award | Fund and | 29,906 22,100 |
20,920 18,782 970 |
||
| Trade Creditors | ||||||||
| 52,006 | 40,672 |
| STATFMENT OF THE MOVEMENT | STATFMENT OF THE MOVEMENT | STATFMENT OF THE MOVEMENT | IN FUNDS | 2023 | 2022 |
|---|---|---|---|---|---|
| Unrestricted I July 2022 |
income | funds —General Fund: | 2,812,153 145,090 |
2,977,876 158,688 |
|
| Income | (135,542) | (99,238) | |||
| Expenditure | 18,272 | (225,172) | |||
| Gains on stock market | |||||
| Transfer to | designated | fund | |||
| At 30June | 2023 | 2,839,972 | 2,812,154 |