| CONTENTS | ||
|---|---|---|
| Origins ofthe Charity. | ||
| Structure and Governance | ||
| Achievements and Performance |
||
| Financial Review .. |
||
| Trustee Responsibilities. | ||
| Independent Auditor's Report. |
. | .10 |
| Statement ofFinancial Activities | .14 | |
| Balance Sheet | .15 | |
| Notes to the Financial Statements. | .16 | |
| Reference and Administration | Details. | .23 |
| he position reported twelve month |
s ago. | |||
|---|---|---|---|---|
| 2020/21 | 2019/20 | |||
| 3year | 5year | 3year 5 |
year | |
| City ofLondon Charities Pool | 5.04% | 7.19% | -2A4% | 1.37% |
| FTSEAll Share | 3.19% | 5.29% | A.24% | 0.57% |
| Fund o erformanoe |
155% | 0.90% | 1.50% | 0.50% |
| Urrestrlrasd | Endowment | 2020/21 | 2019/20 | |||||
|---|---|---|---|---|---|---|---|---|
| Notes | Funds | Frmds | Total Funds | Total Funds | ||||
| 2 | 8 | 5 | ||||||
| Income fmm: | ||||||||
| Inwelm erat | 2 | 156,062 | 158AI82 | 142,593 | ||||
| Total Income | 156,062 | 158AI82 | 142,593 | |||||
| Expendaure on: | ||||||||
| Charitable acavltles | 2,023 | 2,02$ | 87,138 | |||||
| Total expenditure | 2,023 | 2,02$ | 87,138 | |||||
| Nst gains/(bases) | on Irwsstmenls | 739,791 | 739,791 | (668,069) | ||||
| Net galra/(bases) | on short | term de | It | 138 | 1$8 | |||
| Nst Incomegexpendaure) | and nst | |||||||
| movement In funds |
154,177 | 739,791 | 893988 | 632,014) | ||||
| Reconcalsaon offunds: | ||||||||
| Total funds brought | forward | 10 | 14,256 | 3,065,975 | 3080231 | 3,712,845 | ||
| Total funds carrhrd forward | 10 | 168,43S | 3,805,768 | 3974199 | 3,080,231 |
| AS AT 31 | MARCH | 2021 | |||
|---|---|---|---|---|---|
| Notes | 2021 | 2020 | |||
| Total | Total | ||||
| 6 | f | ||||
| Fixed assets | |||||
| Investments | 3,748,557 | 3,008,766 | |||
| Total fixed | assets | 3,748557 | 3,008,766 | ||
| Current assets | |||||
| Cash at bank and in hard | 237,216 | 129,127 | |||
| Total cunent assets | 237,216 | 129,127 | |||
| Creditors: | Amounts | falling due within | |||
| one year | (11,574) | (57,662) | |||
| Net current | assets | 225,642 | 71,465 | ||
| Total net assets | 3,974,199 | 3,080,231 | |||
| The funds | ofthe charity: | ||||
| Erdowment | funds | 10 | 3,805,766 | 3,065,975 | |
| Unrestricted | income funds | 10 | 168,433 | 14,256 | |
| Total funds | 3,974,199 | 3,080,231 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | fuflds | ||
| 2020/21 | 2019/20 | ||
| 8 | E' | ||
| Investment | income | 154,592 | 141,878 |
| Interest | 1,470 | 715 | |
| Total | 158,052 | 142,593 |
| Direct | Support | Total | Direct | Support | Total | ||
|---|---|---|---|---|---|---|---|
| cosh | costs | 2020/21 | cosh | costs | 2019/20 | ||
| E | F. | R | 8 | f | 8 | ||
| Granh | awarded | 2,023 | 2,023 | 77,825 | 9,313 | 87,138 |
| Total | Total | |
|---|---|---|
| Project description | 2020/21 | 2019/20 |
| R | F | |
| London Music Fund | 24,000 | |
| Drum Works CIC | 20,250 | |
| Epping Forecast Field Centre | 23,150 | |
| Dr Johnson's House Trust Ltd |
10425 | |
| Total | 77825 |
| stated eligibility criteria. Grants are not given dir | stated eligibility criteria. Grants are not given dir | ectly to individuals. | |
|---|---|---|---|
| Reconciliation ofgrants payable: | 2020/21 | 2019/20 | |
| 6 | f. | ||
| Commitmenls | at 1 April | 57,662 | 155,350 |
| Commitments | made in the year | 77,825 | |
| Grants paid | in the year | 46,088 | (175,513) |
| Commitmenls | at31 March (note 8) | 11,574 | 57,662 |
| The | value ofinves | tments held by the char |
ity are as follows: | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | E | |||
| Market value 1 April | 3,008,766 | 3,696,835 | ||
| Gai | Loss for ths | sr | 739,791 | 688069 |
| INarket value $1March | 3748557 | 3,008766 | ||
| Cost | 31March | 442314 | 442,314 | |
| Units | held in Charities | Pool | 423949 | 423.949 |
| Held outside | Total st$1 | Heldlnthe | Heldouhdde | Tolsl at 31 | |||
|---|---|---|---|---|---|---|---|
| Held Inthe UK | the UK | Slarch 2021 | UK | the UK | March 2020 | ||
| 8 | 8 | 8 | 2 | 2 | 2 | ||
| Equlaes | 3,081,377 | 435,628 | $897,005 | 2,322,777 | 349,018 | 2,671,795 | |
| Pooled Units | 200,528 | 200,528 | 218,832 | 218,832 | |||
| Cashheldb | FundManager | 51,024 | 51,024 | 120,339 | 120,339 | ||
| Tolsl | 3,312,929 | 435,828 | $.748,557 | 2,859,748 | 349,018 | 3,008,766 |
| 8. | CRED | ITO | RS —AMOUNTS DUE |
WITHIN ONE YEAR | |
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| 8 | |||||
| Grads | awarded | (nots | 4) | 11,574 | 57,662 |
| At $1 INarch 2021 | ||||
|---|---|---|---|---|
| Unrestricted: | Endowment | Total at$1 | Total at31 | |
| general funds | funds | March 2021 | March 2020 | |
| 2 | 8 | 2 | ||
| Fixed assets - Investments | 3,748,557 | 3,748,557 | 3,008,766 | |
| Current assets | 180,007 | 57,209 | 237,216 | 129,127 |
| Current liabilities | 11,574 | 11,574 | 57,662 | |
| Total | 168,433 | 3,805,786 | 3.974,199 | 3,080231 |
| At $1 March 2020 | ||||
| Unrestricted: | Endowment | Total at31 | Total st31 | |
| general funds | funds | March 2020 | March 2019 | |
| 2 | 2 | 8 | ||
| Fixed assets - Irwestmenls | 3,008,766 | 3,008,766 | 3,696,835 | |
| Current assets | 71,918 | 57,209 | 129,127 | 171,360 |
| Current liabilities | 57682 | 57,662 | 155,350 | |
| Total | 14,258 | 3.065975 | 3,080231 | 3,712,845 |
| Total as at | ||||||
|---|---|---|---|---|---|---|
| Toialasat1 | Gains & | 31 March | ||||
| At 31 March | 2020 | April 2020 | Income | Expenditure | (losses) | 2021 |
| E | 8 | |||||
| Endowment | funds: | |||||
| Expendable | endowment | 3,065,975 | 739,791 | 3,805,786 | ||
| Unrestricted | funds: | |||||
| General funds | 14,256 | 156,062 | (2,023) | 138 | 168,433 | |
| Total funds | 3,080,231 | 156,062 | (2,023) | 739,929 | 3,$74,1$$ | |
| Total as at | ||||||
| Total as at 1 | Gains 8 | 31 March | ||||
| At 31 March | 2020 | Apdl 2019 | Income | Expenditure | (losses) | 2020 |
| 8 | E | E | ||||
| Endowment | funds: | |||||
| Expendable | endowment | 3,754,044 | (688,069) | 3,065,975 | ||
| Unrestricted | funds: | |||||
| General funds | (41,199) | 142,593 | (87,138) | 14,256 | ||
| Total funds | 3,712,845 | 142,593 | (87,138) | (688,069 | 3,080,231 |