INDEXT THE RNAN ATEME THEY P•ge N Tvustees Professionol Ath5ty5 2to6 ststement of FinarKial Actf¥i 8•lance Sheet 101017 Notes to accwnt
THEH AND PR NO ENDED Trustè• D M Spofforth oeE th•lwman M A Muirhead J E Mccabe Dr D J GiKhardi G W Haine5 M8E H G Davs C R Freedman Dwchttty HDMosS Appointed 2 February 2021 Appjlnted 2 FeEuary 2021 R•w8ned 2 Felyuary 2021 DKe•s•d 16 Oecernber 2020 K R Plnk•r D Awlllhms Secretrry to Tnbtees. RKJW ChaFty Number. 292204 IndeperKlent Examiner. FCA Haysmacintyfe LLP 10 ¢een Street PIKe London EC4A 1AG Chaiity Addre 7 Seaton ROMI Wiwon Lwcestershi LEI8 2BV InvestmentAthi50r 8 Finslyjry Circus LOnn EC2M 7AZ Char5 Stardry It Co Lld 55 Bi5h)p5gate Lonthjn £C2N 3AS PrilKi1 Banker. C Hoare & Co. 37 Fleet Strtet EC4P4LXI Pai* I
THE HORNE IHE YEIR The TnJstee$ present thlr report and the finamial statemefrts for the arended 31 Oecember 2020. The Hornerscharty Fund was set up by a Deed dated S Marth 1929. Varlous •mendments and amalgamatlons have taken place sknte then and • kheme of Adminlstratlon and Uftltlw Dlrertlon under S9q61 of the Charltie5 Act 1993 dated 10 (lttember 2(2 combird those arraNaernents and &o¥rn the Charlty today. All the feleAnt TmstfuThJs are accounted for In these fina1•1 statements. The Board of TrUee$ Is drnwn Irom t Worstr4pfvl Company of Horners aTh4 number5 ten 111¥6dUJ. The Chalrman Is appolnted by the Bo•rd. The Truslees have appointed a Secretsry to rnanage thè admlnistr•tSon and there are M employees. The Board norrnal meets three tirnè5 a year. and the Trust••$ wld• powers to deal wlth Investnvènts and to adrnlthrtht Trust ats. The work of •s$•ssl th• d•m•nds upon th• th•rlty. •rd meeti as m•ny of those demind5 as P055ibl•, Is dele8attd by th• Trust•es to two Commlttees, e to deal wlth educational mètters aThJ atr to deal with other m•ttefS Ot a more Reneral qrant-makirq nature. The Trustees are veryqratefvl for the hard work and commltfflent of those Cornmittees. wfthoui lM>5e effort5 the Ch•illy woukl not be •$ Sut$s1u1 In meellnRthe needs of beneficlalles. As Trustees of a publk b•n•fvt entrty. th• Trust••s (Arni th•t h•¥e referred to and Corn1¢d the Charlty Comm15s1on's ¢enei•l 8uld•nce on publlc benefft when revlewln8 the ChariVs actfvitle5 and settin8 the grant maklne polKy. They also recryn15e the possible impact of the chise reLition5hip with the Lfvtry Company on thelr affalrs and have taken step5 to mltlgate any rlsk of undut Influ•rf• in ofdei to malntaln the Inltyrtty aNI IndependeKe of the Chawlty. Re£Nitinert•ThJ Trninlry ofTntst The Trustees, r¢cw4tnxnt pollcy 15 to setk out appmpd•t pefsons from 144embers of the Court of the Worshipful Company ol HornEf5 brirq •n experien¢e in dealing in the areas of (111 coern and education wlthln the plastlts industry, and of R¢i¥em•nce and irts*stment matter5. The Trustees elect one ol thelr number to irt •$ Owlwm•n for a perlod of 3 yeafs. Truste •r• appolnted under th• ¢overnlw3theme for• perlod of S ye•r& When new Twstees are èppolnted. they •re hMllkned tArfth the provlslons of the sthemes, the flnanclal sts$ of the trusts. the rninutes of pre¥S and are tnC4yJrayd to attend appropriate trainln8 courses. tlIr the course of this year, WO has been undert•ken to formalise the"induction pacv and to produce a Guide for zll Tm5tees compr0s1 informats.on about the Trust inchJdI Its con5tllutional documents and Tnjstee polxies. Page 2
ThEH THE TR THE YEAR The Twstees have eryued kn • programnle of rtsk to ensure prfndpally that the Invèstrnents In thelr care are relevant for the wrposes of the trusts. A risk matrr< has Ewn de¥eloped and is reNiewed re8ularty to identify other potenllal risks, such as loss of reputstK>n and safeguardin8 risks. The Twustees akn have evaluated the recipients of the grants to ensure proper usage. but #eneral feel that the risk envyowwnent for thelr work 6$ hjw compared to many other CharitS. Whi rver alk¢wirethemsel¥esto Èecome corn•(ent. (XJEcnvES AND ACTMTIES The obiectNes of the Trusts and restFktKM0n their us• are as follo. Th• Htyn•rs In •tcordart• wlth the 1929 trust de•d th• umxwnded don•tlons r•c•fv•d prknr to 1984 ar hèhj on ptmianent endowm•nt. D110$ arAI lepcl•s receW nce 1984 are held for ¢enernl charitsble purposes, wrth partlcuL•r emph•Ys on 8rnnts to sm•ll charities supportiry educatlcffi. thildren. dlsadvantaged people and the homelem in and •round the of Ld0ft, charff¢ies proposed by rnembers of the Company, the Lord Mayor's Charlty arrtl a partiojlar chosen Cr¥h year. Edutlllon FUNI - Th• fvnd b expendable prlWly. lyjt Th)1 exdUS. f¢y edUCaonal purpjses espedally lence eduution In xhools. Tht)mu O•rfEe tharlty - The funds are expendalde to applltd In Khobafshlps arKI other charltable purpjses. with special ernphasis on the bllnd. The Plastlu Indi4try Edu¢•llon FWKI - Th• funds are exp•ndabl• and •r• for the proThy)tSon of •duc•tlon relat•d to the pla5t¢cs industry. Georye Be(k¢r Stholar- The lunds eXndb to bt appll•d In Wo¥1 scknl•nhlps In cert•ln Crty of Lundon educatlonal institution5. The A E Lawrence Vlll Fund - Thls twuest Is held Pemwnent EndowmenL •rKI Ircome Is to be utlhsed lor book prlles and bur5arie5 in ltyJr Cty of London educatlon•l Instituuons. F Oxlrrf - Thb beycy b held for the benefit of j15?S In schools, for advanCeThTrt of xlence •duc•iion. The Charity is closely associated with the Worshlplul Comp•ny of Horners Ind vlrtualty all of tts dgnatlon income Is reteived dl¥ectly Indlredty from wesent and past members of the Company, rts endOwnt havlre been fvnded bv ffts and lè8aclts from C4)mpany members. The Comparfs exlsterKe ts predKated on iNlng somethlng back to soCty. and th• Charfjty serves as the ¥ehlde through which much of mèmberf finèntial assistance, volunteer help arld experlence can be focussed and dlreckd In this re4Jert. As explalned abo, the Tfustees wndurt their aLli¥llle5 Means of two separate Committee5 of the Twstees. a General charrtabk Commlttee whlth recornffnds the charit3bJe 8Tants to be made and administers School scholarships and Ir$alle% and an Educalk?1 tharity Committee whKh develops 3Th4 funds science related educational projects. This Indudes encouragi chtklren in prirnary and secoThJary schl$ to Study STEM subjects. apprenticeship awards In the polymer Industry, and the development of ex1* IA design and techMkey Un9 Potymers. Pale 3
THE HINE5 RT THE TRUSfEE5 ccmNUED Th£ YEAR NDED The Trustees ère tIsfied thai duri the coutse of thE •1. from the fvnds bel yrated, that they ha¥e been able to meet the alms ol the settlors and donors as lar as p0ssfjb wth the $trIcked resources available. The stated •lm for Trustees Is to spend In the fomi of ¢ranty awards, Iwrsarles and stholarshlp5 as ffch of the fvnd$ av•ilablÈ to thern cornmensurate wlth Malntsinl a sustaihable, temi Charity. Howebyr In the Ileht of the exceptlonal drcurnstances of the Co¥hJ.19 pandenyc, t Trustees decided to fflake a one-off donatlon of É50,IXWJ from funds redegnated from the Educath)n fvnd and dfvlded equalty behveen the London Communlty Response Fund and the Nath)nil Emeryencs Trust CovI4-19 Appeal. The anatys of Grnnts Is shown Sn note$ 2 and 4 of thls report. Fln•nd•l Reblew During 2020. the Trustees aye able to ftFOrt that Income on the "Generaf frjnd avallable on an unrestdrted b•sls was £ 79.60312019.. E61,9991, Ind charltaW donations were £ 74.566 f2019.. £65.1541. Each year the current Master chse$ a desnated th•r.ThiS year It SerkMJ5 TwusL a tharfty that runs prolects to ensure that everyone can grow throurfh musk and musk m•kirq. £30.527 of the total amtyJnt donated In the year went to tN5 charlty. For the "Edu¢atlon' Furnl, reported as Deslqnated Funds the siatement of Fln•nc6al Actfvlts. Income was £43.79812019.. £S9,948J. ai•lnst Rrants of £104.67612019.. £49.686J. In addltlon to these fvnds over whlch the Trustees exerdse thelr d&(retlon. the Ch•dty holds certaln funds where tho FJrposes lo whkh the rrthey can be dlretted Is subject to a rtstrlctkn by donor. tho w15hed to dktate how the fvnds were spent. These fuThJ5 may be er(r edu¢atkni•l or t depender¢t on the donorf5 wishes. Thls year the r¢estfkted Funds Income was £30,121 {201 E34.gJ8J. •nd th•rtsble dgn•tlons were £58,52912019.' £44.257J. In overall terms. totsl Income of £153,522 les$ 4f•nts of £237.771 and tosts of £26,582 r•sulted In • deflctt of £110,832 before a h)5S On the capltal •hJe of tyjr Investments of £56,934 res in an o¥ernll dCtIOn In funds of £167,825. The A E La¥ffence bequtst c4nt•lned • restrKlknn on the Spend1 of ca1, Ind w ts treld •$ • "Perrnanent Endowment". year the Trustee5 disthlwted £ 40.677 1201. £ 30.0501 In &JIrIeS aThJ book priies. Th expendlture ts Inchjded tthin the Restrkted Funds rewted abo¥t. L955es rnad on Investments In the year of f56.9Y4 12019.. E 366.7 Golnj. The Trustees do rjudge thls short term fall in the Stock Market. primarity caused by the pandem& to be • factor impacting on their grant makin8 ability, nce Is not the Intentlon In the case of the majorlty of funds to spend In%sted capital. and it the income which 1$ ut1115ed to promotè the alms of the drfferent lund5. Th? knpact of the Coronavfirus has adversety affected In¥e$tment Ir*ome atTrd reduced the portfolio ¥at in the Short temi, bul the loThaer term ¥iew remarn5 more stable.
THE REP(MIT OFTHE TRUSTEES ND THEY As the charity is essential one that does not enter Into low term c(ffimitffnts or projects. the Trustees do not consider the ed to hold 5nfficant cash reser¥es. The Trustees rec(ytse that dorw)rs to our CharV fvnds believe In the I0e¥lty of Livery Companies Rtner•lty Jnd tT r¢putstion for phllanthropy. and wlthout restrKting in any way th• abillty of TDJstees to access capitsl, there 15 a 8enefal acuptarKe that capital #rowth shoukl be rttaln•d In rts•rv•s, •llowlr4 the Income to be used for 8ood cause5. There ts no nèèd to conserve Iome for a fvjture project, nor do Twstees ¥rrish to deplete the assets. thus redutin8 the abllty of fvture 8•n•ratlons to help those In rd. In th15 way the Trustees beliew tlxy are muknIsld15trlbUtab1e irants whlle ensurin£ the loThg-terni sustainabilityof the Chority. Trustees h•ve whle wwers of In¥estrrrf. arml ha¥e dtddtd to delewe the man•£ement of thelr Inwstments to two Inveslment managers. The rnan4ement of the semrnllty of the funds h•$ been h•nded to R•thbones, whose perforrnance Is rrthrtored quarter. •galnst benchmarks set by the Trustees. The A E Lawrence Bequest has been placed with Charles SeV for min•4tment. Jnd 4mlIar their performance Is repgrted quarter and rnonliored a1n$t behMa set the Tr¢Jstees. There are no ethkal or other constralnts In geknlrethe Investments m•d•. apart from duWes knkl down by the TN5tèe Acl 2LKrfI. The Trust•e$ conskler the perfornwnce of th• Charws Inwèstments for the year. tsklr¥ Into •ccounl the effects of the p4ndemlc,to be yllsf4rt9ry. Futuft PI•M The Trurtees have no snlfkant plans to divtrt from ihelr ojrrent stratey. Matters ccffisklered at Board meetln£s durir4 the year inchjded the Ch•iity'S response to the Crisls in cornrnunlty needs coused by the pandernic.continuiry8 to reviEw the ¥t1•re •rd risk rn•naiement of the tharty.updatin8 the Companv websfte wlth deta1 of our work ind knpfrmrq communlcations wbth Company Thffiibers on the Char(ty's activities and re7Aewir intemil fin•nc41 contrds, procedures and pollcles. In the loreer term the Twstees with to increase the avera8e don•tlon per Cornpany rnernber to a kniel commensurate with uther Lery Companies contlnuln8 a c•myn ofcommuntatkn •nd exhortatkni. P4e5
THEH OF THE TRusfEES PrnNUED THE YEAR ENDED STATEMEKf CTRUSIEES' RE5P(X4SIBiullES The Twstees are responsible for preparing the Twslees. RepNt and finandal statements In accordance with applkabl¢ tsw and Unltèd KinRdom Ac£nI4 Stand•rds Iunrted kn"r4dom GenernlkyAttepted Accounting Pradlcel. The law to chariiies In E1nd & Wiks requires the twstees to prepare financial statements for eath financlal year whkh Blve a true ar falr tlew of the stste of aff•lrs of the chawlty and of the Incomln8 resources and •ppIKation of resources of the th•rlty fof th•t perlod. In We1vI these finarthl staternen th trustees are requlred Select sultsble accountln8 polks ard then appWthern nStenIr. Ob5eTh the mtthods •nd prlndples In the Charllles SORP 2015 IFR51021: Maklud¥ements and estlm•tes that are reasoNbl• and pnjdert State whether applicabbe ac£ounll stsndards h•¥e betn folowed. subjert lo any miterll departures dlsclosed and explained In the flnanual statements.. and Prepare the financlèl statements on the ¢orKem S$ unless ft Is inapproprbat* to presume that the ¢harity wlll contlrwe In opeiatlon. The Trustees are r05ponsIb for proper account1 records ihat dlsdos• wfth r•asonable KcuTr£y •t any tlme the financial posrttsjn of the ch•r6ty •nd en•ble them to ensure thai the financlal st•tements compfy wlth the Charltles Act 2011, Ihe Char¥ IAccovnts and Rewjrtsl ReBu&tkJns 2LW)8 aThJ the prowisknis of the trust deed. They are also responslblt fof feguardI the awts of the dkrlty and hee for t•klw reasonable steps for the preventlon and detectlon ollraud and other Irreylarltle& On beh•lf of the Trustees 01tr 14 July 2021
THE HORNERS CHMIY FUNO INDEPENDE1 EXAMINER'S REP THE YEM ENDED BER I report to the Twstees on my er4mwtion ofthe accounts ofthe forthe year erded 31° O•c•mber 2020. The trustees are reSpOnsle for the prtpar•tion ofthe acLounts in a(£ordance Tth t1 tequlremtnts of the Charltle5 Act 20111-the 2011 Acfl. The trustees are satisfied that an aud Is not requlred for thls year under 5ect6on 144121 of the Charities Art 2011 lthe 2011 Acil and thosen I1te•d to h•¥e an lfvJepnd•nt txamln•Von. I report In r•swt of my ex•mlnation of th¢ accounts a5tarrl•d thjt under sertion 44111 Icl of t 2(K15 Act and s•ctlon 145 of the 2011 Ad. In (arryfjng out my tx•miNtlon I have followed the requlrements of the appkn'cable Direclions wven by the Chath comm10 under sects.on 14515llbl of the 2011 A¢t. I have completed my examination. I confFmthat no m•tttrs haw corne to my •ttentlon me cau to belkvè that In •ny rnat•rlal r•sp•ct'. account1 racord5 were not k•pt tn reswrt of thirlty as requlred by $edIL 130 of the 2011 Art,. or th¢ aUnts do not accord wlth thos• r•cords: or the accounts do rl compty with the applKable requirements cmcemirwa the fomi and content of acCnts set trjt In the Chartts (Accounts and Reportsl Re8ul•tlons 2CpJ8 L)ther than any requlrement that the accounts 8t¥e J true and falr thkh Is not a m•tter comtrjered as part of an Independent examlnatlon. I h•¥e no corK•ms aThl come lcmss no othvr matters In CLmrctiw wth the exarninatlon towhlth Ittentlon should be drawn ihis r•port In Ofd•r to •Nbl• • prowr y1ersnd1lq of th• •ccounts to be reachd. Adarn Ha15ey FC4 Haysrnaclntyre LLP 10 Queen Street Place London EC4R IAG Date 14 Juty 2021 Page 7
IHE STATEMENf OF FINAN ND THEYEAR ENDED MBER2 Unrestricted DesW4ted RestrKted Pemianent Furn4$ FuThls EndoWt Totsl 2020 Total 2019 Income from In%strnents Donatlons Fundraisine 15.476 34,119 41,202 2596 30,121 86.799 36,715 30,008 113,925 24,795 17,736 43,798 30,121 153,522 156.455 EXPENDMJRE Investm•nt M•Miement Costs Charft•ble Grants Support & Go4rn•rK• Costs 14,3931 {10.9761 174,5661 1104.6761 ISB.5291 11,3131 li.(k17J Is) Is.8) 124.1771 126.0991 1237,7711 1159,3971 12AOS1 13.3801 TOTAL EXPENt#TURE {80,2721 1116,7391 158,5341 18,8081 1264,3541 1188,8761 Net 8ilnslllossesl on Investments 119.2141 147A611 13N501 13.131 156,9941 366,507 NET INCOMEIIEXPENDITURE) 119.8831 1120A021 131.8631 4,323 1167,8251 334.087 Transler 6eh4*en Funds 17,(MY)I NEfMovEMENT IN FUNDS 119,8831 1127,4021 124.8631 4.323 1167,8251 334,087 Brht FOrTd- I. lanuèry 2020 618,322 1,784.554 301,560 91fi812 3.621.247 3,287,161 Cariled Forward. 31 [ember 2020 S98.439 1.657.152 27&697 921.135 3.453.422 3.621.247 All tvansacttons are derNed from tontinulng actfrllties All and losses recc£nlsed In thE year•re Inchjded bn the Ststemefrt of Fln•nc&l Actiwtie5 e8
NOIES 2020 2020 2019 2019 FIXEDASSEfs Investrnents 3.321.359 3A18,593 OJRRENT ASSETS Cash at Bank and In HaThl Debtc 124.1(K) 12.992 215,431 9.823 TOTAL CURAENT ASSErs 137.093 225.254 CURRENT UAAILMES Amounts fallirq due thln one yeaf 15.0301 I22.6) NET OJRRENfASSETS 132.1 202.654 NEfA5SETS 3.4S3.422 3,621.247 FUNDS Perrnanent Endowment Aestrkted 0•$18nated Unrestrkt 921.135 276,697 1.6S7,152 598A39 916.812 301.560 1.784.554 618,322 3.453.422 3.621.247 Approved bythe Trustees on 14 2021 and gned on their behall Clf0f the Twustees Trustee
ThEH ERS NOIES TOTHE ACC ENDED Accoufffip4G p0£5 The financial ststements have been prepared in accordance Atyth Accountyn£ and Rtpc•rting by Charrties.. Statement of RecommeThJed fvactjce pplk4ble to crrtIeS yep•rirq their acuyunts in accordance ¥th the Financial Re&Krtl StsThJafd appkable in thr UK and Republk of Ireland l FRS 1021- Ichariiies SORPIFRS 1021 (Second Edttkn, effecl(ve IstJ•nu4ry 20191. The Horrrs Charity Funds meets the definithin of a publlc entny under FRS 102. Auets aNI l&bIll$ are Inrtialfy recolS¢d at historkal c05t or transa(IhJn value unless otheNlse stated In the relevant accountirvd poly notes. bl Golbva Cc#Kem The Trustees con5hJer there art M m•trrl•l uncert•ntles abwnt ttre Ch•r6ty's ablmtyto contlnue as a concern. The TtWO1 ourfinancMI po$rti, restr¥es knl •rK4 future plans (Nes trustees conflderKe the tharlty r•malns a conc•rn for the forese••We fvture. Legacs and donation5 are recn whtrn tel¥ble or when the crIty beM¢S legal entiiled to them and they (an reasonably be measur•d In ftn•ncfj•l ternis. Recelpts of property, Investments or other lfts In klnd are Ihtltsded èt mat Value. Investments •r a lorm of b•sk finala1 Inslruments and ar• Infjtlalty shown In the fln•ncl•l statements at m•rket value. Mo¥enxnts In the market ¥abJ5 of Investmènts are shown 1$ sJnrealSsed ialns and losses In th¢ Stst¢m¢nt ol Flnancial Acttr¥lllts. Profits aThJ tosses on the reaNMtk+n of Investments ¥re shown •$ reallsed galns and losses In the Stalernent of Flnantlal Actfvitles. Re•llsed ylns •nd knsses on kN¢Stments are Calcu between sales proceeds and thelr openlng G•rry6ry values or thelf purchase value W acquired subsequent to the first day of thp financl•l ¥tar. Unre•16std ealns and k>sse$ are cakuLated as the dlfference beten the falr value at the lf end and thelf c•rrylnivalue. Re•lhed Ind unreaMs¢d in¥estmentyins aThl losses lie CnbInEd In the St•tement of Flnanclal Artfvitks. •) T¥Matlon As a registered charlty. the Trnst Funds •re exempt from Kome M cowporatlgn lax and cap1 galns tax derfved frorn rls charltat>le actl¥ltfjes. Recty4try of t•¥ dedurted at Sour i5 credtted to the category of Incoffle to whkh Fl relat•s. ExpdI¢t Dlred charrtable expendlture conslsts of all comnfftted expendliure directhf relalns to the objects of the ChaTity. Adminlstratitsn costs incde eXpendire on general adminlstrètlon •nd expendIre on manalernent and compltsnce wtth oinstitutional and statOry requlrements. Irrtcover•ble VAT Is IrKluded the Categ of expense5to whith it ts. io
THEH TO IHE ACC(XJPnS ND ENDED The c3wtsI of Pernant Endowment Funds must be M•iDtsIr intsct with any income aros1 bel availatle for rstrictd or &eneral tharable purposes of the CrrtS, accordir to the tern of the Ofi8inal settlement. h) Fund Accountl Unrestricted fvnds comprlse awirnulated surpluses and defklts on lera1 funds. They are a¥alble for use at the discretlon ol the trustees in lurtherae ol the 8eneral charrtable obiecti¥es. DeslRnated ful$ are ffijnds set èskle bythe Trustees forspeclfk purposes. ReIkted are used for spedfk purposes as rtaied by the nIOr. Exwndtture whlth meets these Cf6terl• Is charqed to the fund. Cmh and Cath Eqthalerts C•sh and cash equwlents Includes c•sh •nd short tefm hvahty Ip4uid investments wth short tsrm m•tvrfty of three months or leu Irom date ol •c4utsltton or openlw olthe de[ or slmilar xcounL JI EMlm•ta ind Esllmates •Thl ludiements are contlnu•lty evaated and •re led on hlstorkal experlence •NI other factors, Iding expe¢tstions of fure events that •re believ¢d to be reasonable under the circurnstances. AhoUgh these ¢stlmates are ksed on the Trustee's best knowled of the amunt, events or acilons. actual resuhs uhimately differ from these estimètes. The Trustees do not conslder there to be any rnaterlal e5tirnates and lud8ements. *} Fln•ndal Instrum•rts The thar only has finarKfjal assets and fftn•ncOal lfjabllrtles of a kind tt qualfv Is bask ftnandal Instruments. BasK fimncial instruments, in¢dIn4 trade •nd ot1 debtors •NI crtditors, •rt Ifvrtl•l reCmIsed •t tr•nsactlon v•lue and svbsequentty measured at thelr settlenwit vae. Paee 11
THE H(MINE THE ND NUED THE MBER Funds To Insutullo Serlotss Trust &ANDS Hon•ypot children's CT Providence Aow Tower Hamlets Missh)n Reart InterAd Stroke Support Clapton Common Boys Pembroke House Great Orniond Street Hospitsl d8ate Primary School Becket Pageant Safvatton Arrny St Paul's Cathedral Found•tJon Lord Mayor's Charlty Bllnd in Busines5 Others- up lo £l.(KX) To Indlbth Bursarles Book pre5 Becker 5th0rShIP 30,527 2,481 30,527 2,481 5,0(X) 1,500 1,5 1,720 1.720 4,(A)) 4.Ll)O 1,838 37.177 37,177 3.SlXI 3,50D 5.000 5,(J) 49,677 124,243 74.566 Grants from EduutlQn Funth London Cornmunty ftesponse Nattonal Em•r8enc6es Trust stnee Opens Doofs Britlsh SCiee Assoclat Royal 5octy of 8knlrev York 8EST Polymer StudiesTtyJrs Fantsstk Hastk Others- up to £l.C(#) 25.C 7.100 io,c¥Jo 13,025 21,576 7.1 lo,) 13,025 21576 7.5(Kl 77S 775 103,876 7,1¢)J 110.976 Aw•rdsforTWles To indivlduals- up to £l.I Totsl ExPdIEIe 1.752 2,552 58.529 237.ni 74,566 104.676 Independent Examiner's Fee5 Bank Charges T(A•l EXpr 2,160 245 2.405 233 1.313 Pa8e 12
THEH TO THE ACCOUNTS tMNuE0 prtty Y•ar Totsl Funds Grnntsfrorn Gen1 FWMIS To Instltutlo SANDS Lord Mayor'5 CharKv S•ilous Trvst Honeypot Chlldren's Ch•rfty Blknd in Business Provldence Row 1349 Woking ATC KEEN London Oasls Communlty Partnershlps Chlldren's Uteracy Char ma88.$- St Barts stjames G•rllckhythe others- up to £l.CKKI To IndMdu• Bursaries Book Pr12•S B•ck•r SclhJl•rshlp 25,orKI 2.500 2,5C Is 29.550 29.550 500 5,5CKI 100.704 5.5 35.550 65.154 Iknrtiffom Educ10 F¥th Sclence Opens l)oors Plastks Hlstorlcal Socty ft•lph Anderson L•ctsJr• Potymer Studs Tours DeSn Innovatlon In Pl•sllcs Careers Advke- HELP Fantastlc Plastlc 8rllish Science Associathin Others- up to £l,(iXJ iO.OLN) 12.IM 10.126 io.ocx) 12.004 10.126 4S20 1,036 49.6B6 8520 1,036 56,686 AwwdsftyTrWes To Indl¥kluats- up to £l,(*XI 1,707 2.007 Total Expendiiwe 65.154 49.986 44.257 159.397 ndependtnt EMmlnef'S Fees lellal Feès Bank Charles 1.076 1.076 15 Totsl EXPeIlure 915 1.076 Pale 13
THEH CHARTtY F NOTES TO THE ACC(XJNTS NUED NDED 2020 2019 6 INVESTMEPITS M•rket Vahje •$ at 1° Jawary 2020 Purchasts Sales Revaluati$ & reallsed Galns Manalefflent Fees 3.418,593 3,oei,724 386,468 1417.7141 394.214 126.0991 1417,7141 141.8111 124.177> Market Value as at 31° Deumber 2020 3,321.359 3.418.S93 The In¥•stm•nts h•ld ar• In the followlw cate8orles C•sh Ftsed Interest UK Equities rsea Equrtles Alternathy Asset CFassas I(.470 fA)5.533 1.122.402 1.021.557 471,391 89.142 567.085 1.317,376 993,862 451.128 3.321.359 3.418.593 PERMANENT ENDOWMEf4TFUKIS Balance at Net Mtrdm•nt Baknnce at 31 December 2020 l January X$20 on {tio1r} Aesources lfivestrnents Homrs Chaffty Funds A E L•wren¢e Wlll Fund 876,812 18,8081 13,131 881.13S 91Q812 18.8081 13,131 921.135 Prfor V•ar B•l•nce •t Net m0Ment Balance at 31" Decernber 2019 brmi l(wJt8oi> Investments Resourc•5 2019 Homers Charity Funds A E Lawrence Will Fund 40.0fy) 876,812 745594 IB.6771 139.89S 785,594 18,677) 139.895 916.812 P¥e 14
IHE HORNERS IHE AC NUED THE YEAR EN DE BER2 BalarKe at l°January 2020 Net Mtr4ement BaLince at 31° December 2020 IrKLvni lout8olr¥) In¥estments Resources Plast4cs Indvstry EduuthxTr FuThl George Becker Scholarshlp Thomas Clarke Charity A E Lawrence Will Fund D F Oxley Bequest Science Oprns Doors 117596 45.772 14.871 70,547 I,fA7 13,4401 13,6231 18,6851 17,2tsJl {102) 18,6411 13,2251 11.0591 9.475 110.592 39,107 10,190 71,337 42,800 2,672 2,774 301,560 121.4131 {3.4501 276,697 AEsTricfED FUNOS lorYe¥ 8alance at l°January 2019 N•t Movernent Balance at 31" Dectmbtr 2019 1rKtynl1 Irwtyoiw) In¥estm•nts Resources ptasdcs Indu5tryEdutatlon Fund George Becker Scholarshlp Thornas Clarke Charlty A E Lawrènte Wlll Fund D F 0XV Bequest Sclence Opens Doors 103A42 43.552 13.176 71,328 48531 1.774 12,rA6 S,599 117,596 45,772 14,871 70,547 13,3791 26 12S301 1.750 1.469 1774 281,803 12.8251 22,583 301.5E PaBe 15
ThEH (HARffY P40TESTO TH£ ACCCWNTS ND EN Current Cutwtnt L4bilbties Inter Fund Totsl 2020 In¥estmEnts Assets PermanEnt Endovmnt Restrlcted Desi£nated Unrestrlrted 921.13S 2CKJ.830 1.649.145 S50,249 921,135 276.697 1.657,152 598,438 75,867 8.7 184.7741 137.093 14.1301 Total 14et Assets 3,321,3S9 137,093 (S30) 3A53.422 Ojrrent Assets Current Ll•b116tles Inter FurKI Total 2019 Prfor Y•ar Inwstments Permanent Endowment Restrlcted Oeslgnated Unrestrkted 916.812 220.343 1,707,582 573.8S6 916I12 301,561 1,784.551 618.323 81.218 77.869 1159,0871 {9CQI 121.7Q)I 225.2S4 Totsl NetAssets 3.418.593 225.254 122.6CQI 3,621,247 10 TRUSTEES REMUNERATIIY4 AP4D EXPEPISES No remuneTation was p¥J ty 15 ptydtrAt either dirttty cff iThlirecty ILV the to yTNstee or to a person or persons known to be conntded tAth •nyof th•m 1x119.. Nd). No relmbursement of expenses have been rnade or are due to be made to the Twrtees In respert of ihe year lo 31 Dtember 2020 (2019: NIII. There were no reted party transadions In year12019: nll). Pa8e 16
ThEA NUED DE BER Prlor Y Unrestrfjcted Desnated ReStrK Perrnont Funds FUNIS FU15 Erylowment Total 2019 IN Income from in¥estrrnts Donations LegaCS FundRaisi 21,241 2012 $8.176 1.772 113.925 22,585 19, 19.946 61,999 59.948 34.5L 156A5S EXPENDrnJRE Investment Man¥iem•nt Costs Char4tsble Grants Suppgrt & Go¥ernarte Costs 14.7231 165.1541 11,3891 112,6991 149,9861 {9151 18.6771 126,0991 1159,3971 13.3801 144,2571 11.076) TOTAL EXPENDITURE 171,2661 163,5991 145,3331 18.6771 1188.8761 Net galnslllossesl on Invtstments 51271 147.758 22,583 139.895 366,S07 NtTINCCNMEIIEXPENDrruRQ 47,1 144.107 11.757 131,218 334,L7 Transler Between Funds NET MOVEMENf Ip4 FIR4DS 47.iNM 134107 19.757 131.218 334,087 Brought Fopr4rd- I" January 2019 571.320 1.648,4H 281,803 785,594 3,287.161 Carrkd ForwArd- 31. December 2019 618.324 1.784,551 301,560 916,812 3.621,247 All transactlons are derhd from Continui actr¥ities All 8ains and losses recagnised in theyear are ilded In Statsment of Fin•ndal Acmies Page 17