2021-08-31-accounts

CHARITY No:	290205
PATRON:	Her Majesty The Queen
PRESIDENT:	The Right Hon. The Lord	Mayor of London
TRUSTEES:	Almoner Trustees:
	Alderman Sir Peter Estlin
	Alderman Nicholas Lyons
	Alderman Gregory Jones	(appointed				September 2020)
	Cathedral Trustees:
	Andrew Carwood MBE
	Emma Davies
	The Revd Canon James Milne
	Chorister Trust Trustees:
	James Cross (retired February			202	I)
	Emma Whitaker (retired Prudence Davies (retired	February October			202 I) 202I)
	Jennifer Bryant-Pearson —Chairman
	John McCuin (appointed	February 202I)
	Nigel Bamping (appointed	February			202 I)
	Jennifer Robinson (appointed		October 202I)
SECRETARY:	Nigel Bamping
	c/o The Chapter House
	St Paul's Churchyard
	London, EC4M 8AD
INDEPENDENT	Helen Rumsey FCA, Dch	A
EXAMINER:	Ensors Accountants LLP
	Connexion s
	I59 Princes Street
	Ipswich, IP I IQJ
BANKERS:	Lloyds Bank PLC
	25 Gresham Street
	London, EC2V 7HN
FUND MANAGERS:	CCLA Investment Management			Ltd
	Senator House
	85 Queen Victoria Street
	London, EC4V 4ET

OR THE YEAR END	ED 3 I	AUG	UST 202 I	UST 202 I
			Accumulated		Restricted
		Note		Fund	Fund	202I	2020
			(Unrestricted)
					Note 7
Income
Donations 8& Legacies			I	I I,26 I	29,478	l40,739	I56,26 I
Investment Income				67,436		67,436	66,963
Interest Receivable				690		690	2,863
Total Income			I	79,387	29,478	208,865	226,087
Expenditure
Charitable Activities:
Support Costs for Charitable	Activities			7,422		7,422	9,392
Grants in Respect ofChoristers				69,5 I5	32,000	I0I,5I5	94,8 I I
Grants to St Paul's Cathedral	School			I5,38I	I,500	I6,88 I	155,250
Grants to St Paul's Cathedral							25,773
Total Expenditure				92,3 I8	33,500	I25,8 I8	285,226
Net Income/(Expenditure) Gains on Investments	before			87,069	(4,022)	83,047	(59, I39)
Gains on Investments			299,223			299,223	48,222
Net Movement in Funds			386,292		(4,022)	382,270	( I0,9 I7)
Total Funds Brought Forward			2,404, I09		I8,352	2,422,46 I	2,433,378
Total Funds Carried Forward			2,790,40 I		I4,330	2,804,73 I	2,422,46 I

S AT 3 I AUG	UST 202 I
		Note		202 I	2020
Fixed Assets
Investments			2,885,650		2,527,050
Current Assets
Debtors					55,71 I
Balance at Bank			I	I9,480	90,337
			I	I9,480	I46,048
Liabilities
Creditors: Amounts	falling due within one year		(200,399)		(250,637)
Net Current (Liabilities)/Assets				(80,919)	( I04,589)
NET ASSETS			2,804,73 I		2,422,46 I
REPRESENTED	BY:
Accumulated Fund	—Unrestricted		2,790,40 I		2,404,109
Restricted Fund				l4,330	I8,352
			2,804,73 I		2,422,46 I

		202I	2020
Accumulated Fund		69,5 I5	I3,955
Restricted	Fund	32,000	80,856
		I0I,SI5	94,8 I I
During the	year ended 3 I August 202I,I4 grants were made (2020: 12).

							202I	2020
								f.
	Accumulated Fund —for			the education		of Choristers	I5,38 I	I42,000
	Restricted	Fund —for	the education		ofChoristers		I,500	I3,250
							I6,88 I	I55,250
	Grants to	St Paul's	Cathedral
							202 I	2020
							f.
	Restricted	Fund —for	the education		ofChoristers			25,773
								25,773
4.	INVESTMENTS
							Market	Market
							Value	Value
							202I	2020
								E
	Central Board ofFinance ofthe					Church ofEngland
	Investment	Fund					2,014,3IO	I,7 I3,684
	Fixed Interest Securities			Fund			244,845	252, I82
	CBFCash	Deposits					408,837	349,460
	Savills Investment		Management			LLP
	The Charities Property			Fund			2 I7,658	2 I I,724
	Total						2,885,650	2,527,050

	Movements in		investments	investments	investments
							202I
							E
	Market value at	I	September			2020	2,527,050
	CBFDeposit Income R			Interest			59,377
	Gains/(losses):
	Investment Fund						300,626
	Fixed Interest		Fund				(7,337)
	Property Fund						5,934
	Market value at	3 I August 202 I					2,885,650
	Cost at 3 I August 202 I						I,648,822
	Cost at 3 I August 2020						I,589,445
S.	DEBTORS
							202I	2020
	Accrued Income							55,7 I	I
								55,7I	I
6.	CREDITORS: amounts			falling		due within one year
							202I	2020
									E
	Trade Creditors						24,0 I6
	Accruals Grants						14I,387	203, I	69
	Accruals Other						3,000	I6,472
	Deferred Income						3I,996	30,996
							200,399	250,637
	Accruals Grants
							202I	2020
									E.
	Accrued Grants	Brought		Forward			203, I69	58,664
	Committed in the Year:
	~ in respect ofChoristers						90,403	79,753
	~ to Cathedral	School					16,88 I	I55,250
	~ to Cathedral							25,773
	Paid in the Year						( I80, I78)	(13I,329)
	Additional Grants		Awarded		during the Year		I I, I I2	I5,058
	Accrued Grants	Carried		Forward			I4I,387	203, I	69

					202I	2020
						E
Deferred	Income Brought		Forward		30,996	27,500
Released	to Income	in the	Year		(30,996)	(27,500)
New Deferrals:
The Girdlers' Co. Charitable Trust					I I,OOO
The Clothworkers'		Foundation				I0,000
Trustees	of United	Guilds	Grant Towards	Boarding Fees 2021-22	7,000	7,000
Thomas	Carpenter	Trust	Boarding Fees 202I-22		2,500	2,500
Morden	College 202 I -22				I l,496	I l,496
Deferred	Income Carried		Forward		3I,996	30,996

					Balances at
					I			Balances at
					September	Received in		31 August
					2020	the year	Grants paid	2021
						E
Year ended 31 August	2021:
Enrichment Activities					1,500		(1,500)
OBE Grants						2,080		2,080
The Clothworkers' Foundation						10,000	(10,000)
The Schroder Foundation					10,000		(10,000)
The Tallow Chandlers						2,045		2,045
The Worshipful Company	of	Grocers				1,357		1,357
The Imperial Society of Knights			Bachelor			1,996		1,996
The Girdlers' Co. Charitable		Trust			6,852			6,852
Thomas Carpenter's Trust						5,000	(5,000)
Trustees ofthe United Guilds		Service				7,000	(7,000)
					18,352	29,478	(33,500)	14,330
					Balances at
					I			Balances at
					September	Received in		31 August
					20 I9	the year	Grants paid	2020
							E
Year ended 3 I August	2020:
Enrichment Activities					1,500			1,500
The Clothworkers' Foundation						8,000	(8,000)
Vandervell Foundation					7,220		(7,220)
The Schroder Foundation					20,000		(10,000)	10,000
The Girdlers' Co. Charitable		Trust			3,426	11,000	(7,574)	6,852
Thomas Carpenter's Trust						5,000	(5,000)
The Leathersellers' Co. Charitable				Fund	14,000	7,000	(21,000)
The Worshipful Co.ofGlovers					9,885	5,000	(14,885)
Trustees ofthe United Guilds		Service				7,000	(7,000)
The Worshipful Co of Parish		Clerks			1,600	1,600	(3,200)
Norden College						10,000	(10,000)
The Imperial Society of Knights			Bachelor			11,000	(I 1,000)
The Pattenmakers Company						7,000	(7,000)
The Worshipful Co.of Drapers						8,000	(8,000)
					57,631	80,600	(119,879)	18,352

	Accumulated	Restricted	Total
	Fund	Fund	202 I
At 3 I August 202I:
Investments	2,885,650		2,885,650
Cash at Bank	76,666	42,8 I4	I I9,480
Creditors	(I71,915)	(28,484)	(200,399)
	2,790,40 I	I4,330	2,804,73 I
	Accumulated	Restricted	Total
	Fund	Fund	2020
At 3 I August 2020:	E.		E
Investments	2,527,050		2,527,050
Debtors	26,9 I I	28,800	55,7I I
Cash at Bank	I8,465	7I,872	90,337
Creditors	( I68,3 I7)	(82,320)	(250,637)
	2,404, I09	I8,352	2,422,46 I

			Accumulated	Restricted	Restricted
			Fund		Fund	2020
			(Unrestricted)
			E.
Income
Donations R Legacies			75,66 I		80,600	I56,26 I
Investment Income			66,963			66,963
Interest Receivable			2,863			2,863
Total Income			I45,487		80,600	226,087
Expenditure
Charitable activities:
Support Costs for Charitable		Activities	9,392			9,392
Grants in Respect of	Choristers		I3,955		80,856	94,8 I I
Grants to St Paul's Cathedral		School	I42,000		I3,250	I55,250
Grants to St Paul's Cathedral					25,773	25,773
Total Expenditure			165,347	I	I9,879	285,226
Net (Expenditure) Investments	before	Gains on	( I9,860)		(39,279)	(59, I39)
Gains on Investments			48,222			48,222
Net Movement in	Funds		28,362		(39,279)	( I0,9 I7)
Total Funds Brought Forward			2,375,747		57,63 I	2,433,378
Total Funds Carried Forward			2,404, I09		I8,352	2,422,46 I