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|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||||||
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|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|
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|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|
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|||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).|||
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||||||||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|
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||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|
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||||||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|
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||||||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|
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||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|
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||||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|