##
##
|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|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##