| Note | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|
| Investments at Market |
|||||||
| Value | 3,206,613 | 2,450,241 | |||||
| Funds held by | |||||||
| investment manager |
190,994 | ||||||
| 3,206,614 | 2,641,235 | ||||||
| Current Assets | |||||||
| Debtors | 26,235 | 18,537 | |||||
| Bank balance | 235,293 | 271,134 | |||||
| Total Current Assets | 261,528 | 289,671 | |||||
| Current Liabilities |
|||||||
| (less than 1year) | (12,306) | (34,979) | |||||
| Long Term Liabilities | |||||||
| (greater than 1year) | (28,400) | 220,822 | (36,400) | 218,292 | |||
| NET ASSETS | 63,427,436 | E2,859,527 | |||||
| The Funds ofthe | |||||||
| Charity | |||||||
| Permanent | |||||||
| Endowments: | |||||||
| General Endowment | 664,276 | 557,367 | |||||
| Milward Endowment |
9,302 | 673,578 | 7,805 | 565,172 | |||
| Restricted Funds: |
|||||||
| Milward Fund |
1,628 | 1,412 | |||||
| Unrestricted Funds: |
|||||||
| Investment Fund |
6 | 2,705,941 | 2,263,934 | ||||
| General Fund |
46,289 | 2,752,230 | 29,009 | 2,292,943 | |||
| 63,427,436 | 62,859,527 | ||||||
| Adopted by the Trustee on |
.!k..July 2022 | ||||||
| ...„,.„.. | 9.td' | Master on Chairperson, |
behalf ofthe Trustee Charity Committee |
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| Investment summary fo |
rt | he ye | ar | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Market value at 1st October | 2020 | 2,450,241 | 2,551,512 | ||||
| Purchases | 2,850,830 | 340,185 | |||||
| Disposals at cost | (1,390,106) | (317,903) | |||||
| Gainl(Deficit) on unrealised | investment | appreciation | (704,352) | (123,553) | |||
| At 3Qth September 2021 | 63,206,613 | E2,450,241 | |||||
| Investments at cost |
2,892,701 | 1,431,977 | |||||
| Market value | 3,206,613 | 2,450,241 | |||||
| Unrealised appreciation |
6319,912 | E1,018,264 | |||||
| Grants Paid and Payable | |||||||
| 2021 | 2020 | ||||||
| Education | |||||||
| City ofLondon School for Girls | 5,000 | 5,000 | |||||
| City ofLondon Freemans School | 65Q | 650 | |||||
| City University —Digital Poverty Fund | 5,000 | ||||||
| City University- Hardship |
Fund | 1,000 | |||||
| Christ's Hospital School | 600 | 600 | |||||
| City &Guilds ofLondon Institute | 3,500 | 3,500 | |||||
| The Royal Masonic School | for Girls, | Rickmansworth | 100 | 100 | |||
| Book Prizes | 250 | 200 | |||||
| Guildhall School ofMusic & |
Drama | (Woodwind | Prize) | 1,300 | |||
| Royal School of Needlework | 1,400 | 5,000 | |||||
| Old Palace School | 7,000 | 7,200 | |||||
| Quilt and Stitch Village | |||||||
| Lady Eleanor Hollis School | 50 | 50 | |||||
| King Edward's School, Witfey | 12,761 | 10,160 | |||||
| Royal College ofArt | 500 | ||||||
| Treloar School | 1,00Q | 1,000 | |||||
| Guildhall School of Music &Drama |
—Welfare of | Students | 1,50Q | 1,500 | |||
| Trinity High School |
250 | ||||||
| f40,111 | F36,710 | ||||||
| Religion | |||||||
| Stlames, Garlickhythe | 4,000 | ||||||
| St Paul's Cathedral Trust |
500 | 500 | |||||
| United Guilds Service Trustees | |||||||
| 6500 | f4,500 | ||||||
| Welfare | |||||||
| Sheriffs' &Recorder's Fund |
1,SQQ | 1,500 | |||||
| Royal British Legion City Branch Poppy | Appeal | 500 | |||||
| Barts Hospital | 100 | ||||||
| Clergy Support Trust | 200 | ||||||
| Corporation ofSons ofthe |
Clergy | ||||||
| Florence Nightingale Foundation |
11,500 | ||||||
| Salvation Army |
4,564 | ||||||
| St George The Martyr | 5,000 | ||||||
| The Paraorchestra | 300 | ||||||
| Pembroke College |
1,000 | ||||||
| E24,064 | E2,100 |
| Focus Grants | ||||||||
|---|---|---|---|---|---|---|---|---|
| Fine Cell Work | 2,000 | |||||||
| StPaul's Cathedral Choir |
School —Bursary | |||||||
| Royal College ofSurgeons | of England | —Awards | 5,000 | 5,000 | ||||
| Victoria &Albert Museum | ||||||||
| Royal College ofNursing | Foundation | 5,000 | 5,000 | |||||
| The Arkwright Scholarship |
4,400 | 2,200 | ||||||
| Needle Museum | 185 | 1,300 | ||||||
| Royal College ofNursing | —prize | |||||||
| The Third Battalion, the Prince ofWales Royal | Regiment | |||||||
| 614,SBS | ELS,S00 | |||||||
| ByVirtue ofOffice | ||||||||
| Lord Mayor's Charity Appeal |
3,000 | 3,000 | ||||||
| Master's Charities | 3,000 | 3,000 | ||||||
| Non. Chaplain's Charity Bishop ofSouthwark |
Discretionary | Trust | 3,000 | 3,000 | ||||
| f9,000 | f9,000 | |||||||
| Grants paid in the year | 88,260 | 67,810 | ||||||
| Prior year grants not banked | (200) | |||||||
| Total paid | f88,260 | E67,610 | ||||||
| Grants overpaid in year, |
recovered | in future | year | (2,601) | ||||
| Grants provided in earlier years, paid in year |
(23,900) | (8,000) | ||||||
| Grants provided in earlier years, reversed |
(9,692) | |||||||
| Grants provided in current year, to |
be paid in | future years | 10,800 | 18,100 | ||||
| TOTALGRANTS | E62,867 | E77,710 | ||||||
| 4. | Current Liabilities (Falling due in less than |
1year) | ||||||
| 2021 | 2020 | |||||||
| Fund Manager's Fees |
5,279 | |||||||
| Grants approved but not |
yet paid | 12,306 | 29,700 | |||||
| TOTAL LIABILITIES | E12,306 | f34,979 | ||||||
| Long Term Liabilities (Falling due in 2to |
5years) | |||||||
| 2021 | 2020 | |||||||
| Grants approved but not |
yet paid | 28,400 | 36,400 | |||||
| TOTAL LIABII.ITIES | f40,706 | E71,379 | ||||||
| 5. | Permanent Endowments |
|||||||
| 2021 | 2020 | |||||||
| General | Milward | General | Milward | |||||
| Balance at 01October 2020 | 557,367 | 7,805 | 581,636 | 8,145 | ||||
| Gain on Disposal ofinvestments | 254,281 | 3,561 | 1,582 | 22 | ||||
| Unrealised investments (loss) |
(147,372) | (2,064) | (25,851) | (362) | ||||
| Balance at 30September | 2021 | 664,276 | 9,302 | 557,367 | 7,805 |
| Unrestricte | d Investment Fund |
||
|---|---|---|---|
| 2021 | 2020 | ||
| Balance at | 01October 2020 | 2,263,934 | 2,331,303 |
| Net Income | from donations | 39,449 | 24,014 |
| Gain on Disposal ofinvestments | 957,475 | 5,957 | |
| unrealised | investments (loss) |
(554,917) | (97,340) |
| Balance at | 30September 2021 | 2,705,941 | 2,263,934 |