2022-07-31-accounts

CONTENTS			Page
Report ofthe	Trustee
Independent	auditors'	report	6-9
Statement of	financial	activities	10
Balance sheet
Notes to the financial		statements	12-18

						Unrestricted	Endowment	Total	Total
					Note	Fund	Fuad	2021/22	2020/21
Income		and		endowments
from:
Donations	and			legacies		17,000		17,000	16,500
Investments						131,108		131,108	131,141
Total						148,108		148,108	147,641
Expenditure			on:
Charitable	activities				4,5	145,091		145,091	147,566
Total						145,091		145,091	147,566
Net investment				(losses)/gains	6		(41,931)	(41,931)	452,215
Net income						3,017	(41,931)	(38,914)	452,290
Balances at		I	August			77,117	4,784,377	4,861,494	4,409,204
Balances at		31		July		80,134	4,742,446	4,822,580	4,861,494

2	Donations
				2021/22	2020/21
	Donation from The Drapers'		Company	17,000	/6,500
3	Investment income
				2021/22	2020/21
	Dividends receivable	from:
	The Drapers' Charities Pooling Scheme			131,108	/3/, /07
	Bank interest receivable				34
				131,108	/3/, /4/
4	Charitable activities:	Cost ofgrants awarded
				2021/22	2020/21f
	Grants to Institutions
	XLP			10,000
	Young Lewisham Project			10,000
	Greenwich Education	Service	(4awards)	9,500	6,000
	Pimlico Opera			9,170
	Lewisham Education	Service	(3 awards)	8,000	5,000
	New Woodlands School			6,000
	Ahoy Centre			5,000
	Deptford X			5,000
	Growing Hope Brockley			5,000
	National Youth Jazz Orchestra			5,000
	Trinity Laban Conservatoire ofMusic and Dance			5,000	11,500
	Apples and Snakes			4,500
	Creekside Education Trust			4,000
	London Philharmonic	Orchestra		3,000
	Thomas Tallis School			900
	Others				52,900
				90,070	75,400

	Grants to individuals
	28 awards (2020/21: 53 awards)		36,700	66,000
	Less: Grants returned			//0, 7/4)
	Support costs Management costs - Administration		4,723	4,308
	-Office		1,980	/,822
	Finance costs - Adminisu ation		4,723	4,307
	- Office		1,980	/,822
	Governance costs (see note 5)		4,915	4,62I
			145,091	/47,566
5	Charitable activities: Governance	costs

Charitable act	ivities: Governance costs
		2021/22	2020/21
Administration	costs	2,362	2,/53
Office costs		990	9II
Audit fees		1,563	/,557
		4,915	4,62I

Investments
	2021/22	2020/21
Market value at 1 August Net investment (losses)/gains	4,784,377 ~(41.931	4,332,/62 45K,21
Market value at 31 July	4,742,446	4,784,377
Historical cost at 31July	2,586,924	2,586,924

SIRWILLIAM	SIRWILLIAM	BORKMAN'S FOUNDATION	BORKMAN'S FOUNDATION
NOTES TO THE		FINANCIAL STATEMENTS
AS	AT31JULY 2022
7	Debtors
					31.07.22	31.07.21
	Accrued income
8	Creditors:	Amounts	falling due within one year
					31.0722	31.07.21
	Sundry creditors				1,545	4,000
					1,545	4,000
9	Analysis ofnet assets
				Unrestricted	Endowment	Total
				Fund	Fund	2021/22
	The Drapers'	Charities	Pooling Scheme		4,742,446	4,742,446
	Net current assets			80,134		80,134
				80,134	4,742,446	4,822,580
				Unrestricted	Endowment	Total
				Fund	Fund	2020/21
	The Drapers'	Charities	Pooling Scheme		4,784,377	4,784,377
	Net current assets			77,117		77,117
				77,117	4,784,377	4,861,494

10	Funds
				Movements	in Funds
		Balance	Incoming	Resources		(ILsses)	Balance
		01.08.21	resources	expended	Transfers	Gains	31.07.22
	Capital
	Funds:
	Permanent	4,784,377				(41,931)	4,742,446
	Endowment
	Fund
	Income
	Funds:
	Unrestricted	77,117	148,108	(145,091)			80,134
	Total Funds	4,861,494	148,108	(145,091)		(41,931)	4,822,580
		Balance	Incoming	Resources		(Losses)1	Balance
		01.08.20	resources	expended	Transfers	Gains	31.07.21
	Capital
	F'unde:
	Permanent	4,332,162				452,215	4,784,377
	Endowment
	Fund
	Income
	Funds:
	Unrestricted	77,042	147,641	(147,566)			77,117
	Total Funds	4,409,204	147,641	(147,566)		452,215	4,861,494

13 Prior year SOFA	13 Prior year SOFA	13 Prior year SOFA
			Unrestricted	Endowment	Total
			Fund	Fund	2020/21
Income and	endowments	from:
Donations and legacies Investments			16,500 131,141		16,500 131,141
Total			147,641		147,641
Expenditure	on:
Charitable activities			147,566		147566
Total			147,566		147,566
Net investment	gains			452,215	452,215
Net income			75	452,215	452,290
Balances at I	August		77,042	4,332,162	4,409,204
Balances at 31July			77,117	4,784,377	4,861,494