CITY OF LONDON S(HOOLWAR MEMORIAL FUND Icharity no. 325131} YEAR ENDED 3D APRIL 2022 STATEMENT OF FINANCIAL AcrivrriES 2022 2021 Appeal General Totsl Appeal General Totsl Inwmlng resources Appeal fund donatlons lin¢luding Gift Aid) 16,794 Donations Benevolent Fund Investment Income 16.794 30,OC#) 30,000 3,749 3,749 335 719 20.878 30,384 51,262 11,355 IL355 3,054 717 15.186 3.054 418 1.195 418 15,604 Resources expended Bursaries Grants Sundries Outgoing resources 3,157 3,157 11,992 11.992 5,CQO 5,CQ) 23 23 23 3,180 3,157 11.992 5,IM) 16.992 Movement on resources 17.721 30,361 48,082 3,194 14,5821 IL3881 ILossesl/galns on Investment asset5: Unrealised IL1461 11,1461 15741 15741 N•t mov•ment In funds 17,721 29,215 46.936 3,194 15,1561 11,9621 Balances at l May 56,951 10,736 67,687 53,757 15,892 69,649 B318nees ai 30 April 74,672 39,951 114.623 56,951 10.736 67,687
crry OF LONDON SCHOOL WAR MEMORIAL FUND (charity no. 3251311 BALANCE SHEET AS AT 30 APRIL 2022 2022 2021 Flxed assets Investments CUrnt assets Debtors- accrued incorne Benevolent Fund Short terrn deposits Cash at bank 10.268 11.414 1.821 30,754 199,774 243 232.592 1,437 27,005 192,647 268 221,357 Current liabllities JCC General Fund Accrued grants {128,2371 1140,4621 124,6221 1165,0841 1128.237) Net current assets 104,355 56.273 Total nét assets 114,623 67.687 Flnanced bv: General fund Asquith Bursary Appeal fund 39,951 74,672 114,623 10,736 56,951 67.687 Investments Marketvalue at l Mav Decrease In unrealised depreclatloD 11,414 11,1461 11,988 {5741 Market value at 30 Aprll 10,268 11,414 Book ¢oSt at l May Unrealised depreclatlon at 30 Aprll 12,000 11,7321 12,000 15861 Market value at 30 April 10,268 11,414
CnYOF LONDONSCHOOLWAR MEMORIAL FiIND l¢haiityno. 325uII YEAR £NDED 30 APRIL 2022 NOTESTO THE FINANCIAL5FATEMENTS l. AccountlTr8 pollcte5 lalTh8 Flnanclal siatèmortts have bEgn prepared unOeTthe hthHical cost tortverth)ri. a5 rnod4fd bythe Tevaluation of invqstrryeTrts. Ibl Inthr¢st and dlde{& are reco8ntsed inthe perlod In w"¢ht1 are receNable. I Investments and shortterrn bank d•pg5tts Th•ShortT•rm Bank Deposlis of the Asqu(th Bursary Appeal èrè held In a speclflc War Memorlal Charty Account. The shared depostts ofthe 8gfievolent Fund and UAf¢strictd fund of thèwar Memorlal Fund are hèld InthÈ name ofthe Bthn¢vfJlgnt Fund. 3. Ya%atloA Noiaxehar£44 4rioelnthe charltable furrt4&. 4. Bert•vohnt Fund and War M•morl81 Fund Th•s• fund5 are estabihed resp¢rtfv¢ly undef o De¢laratl¢n tsf Tru dat¢d 8 Deeember 1943 4ndtwtsOrd•r5 olthe Courtdated 18 February 1996 and 30 Qrtober 1967 and are registered wf(hthe Chorty comms1OnerS. 5. city of London S¢hool Wor M•merl•l FuThd Charily No. 325131 Trwtw R•port lorth• ¥••f •nd•d 30Aprll 2021 on$t[tutrt Th• ¥¢11¢45 afth charlty af¢ rnan4god •nd ¥drnink4ter¢d bytho G¢Trer41 Committw of the JohnCarpenteT aub. ThLs commrttee meets at least3 tirnes o year and con5ider5 the position and the workin¢of thi> chartty. Objects Th• obl•cts ofthh charty •r+to pr¢vld• b•n•ffts to th• Ctyof London School ITh•S¢hooll for b pupllj. form•r puplkn and st•ff. Funth Ift 8ddttknty in urtr¢strlttedfvrtthere & a restrlct¢dfrJndthatls mad• up fr¢m dunatbrd ¢ffgrm•r pupH5 and others t4rdS the proV1¢n of school fee bursaries •tThe School forthe bEnefi¢of pupils from finon¢ially disadvanta8ed ba¢k¢rounds. Thi5 IS considered to be extremely important In supportin4The School's strateay ol rnaintainin4 a broad mlx of pupiL% èis•d onth¢ir •b5171 Gr¥nt General qrants ale mad• l•iidy In supportol puplk. actfvftles at Theschool, Includln8 prli•g br p•rform•nce 5ublB¢ttoth r¢sources ofthère5trlctod fund. Bursary grants ar• mad¢to puplk In rtd tsffinancial assutsn¢e lar8ely atthe r¢comrn¢ndation ofihe Hoad.Thts¢ oft4n lartforthewhole Ychool career ot a pupilatThe Schoolol upto s•v4n yrS. Flnan¢lal Rwiew The eharity hold5 a part of tts unreitrlct•d lunds In ifiv•stm•ntsthTouRhih• Bl•¢kR)rk Ch•rlnco Eomrnon Imie5tment man3Rtd fund. All othe¥ fvnth are held as cash at tsank. Durini the y¥rto 30 April 2022, therewas an excess of lrteomèovef expend(turèforthe unr•stritt•d fvnd5 of E29,215thu5 Irweasih8 the fvnd to£39.951. The eursary Appeal fund incorno. rnostW from donatlons. amountedio £20.878 and btstsary grants of £5.157 Wqf•paidout, ¢reatrn8 a $urylus ltsrthe y•4r of£17.721 and cairyirw forward ty4erall fu of £74.672.
INDEPENDENT EXAMINER'S Ripoirr TO THE TRUSTEES OF THE CITY OF LONDON SCHOOL WAR MEMOIUAL FUND I report ¢0 the charity In¢$ on the accounts of ihe charity for Ihe year ended 30th April 2022, whi¢h oJe sa {t on PEBes on¢ to three. respo&¥lblllrfes of Twiees ond&ramlner The charitys trle¢S are resPo51ble for Ppard110n of the accounts. They consider that aft audit is required for this year under scciion 144(2) of the Chrities Act 2011 (th¢ Charities A¢¢) and ihai an independeni exarnination is needed. The eharttys gross irtome exc¢eded £25.000 and l am qULfied to undertake the examinati¢m by being a.qu811fd member of ihe Instituie of Chartered AttountanL8 in England and Wales. li is my responsibility to". a) examlne the accounts under section 145 ofihe Charities ACL b) follow the proc¢dures laid down in the General Directions Biven by the Charity Commission under seetion 145(SXb) of th¢ Charltles and ¢) state whethtr particular mitters have come my Itteniion. oflndependewExomlver s report My examimiion was carried out in ¢cordan¢¢ with th¢ Genernl Direeiions 8iven by the Charliy Comrnisslon. An examination includes a review of the accounting recoTtls kLPt by Ihe charily and 8 comp8Tlson of Ihe a¢¢ounts preserted with ¢h05e re¢ord5. It Also includes consideralion of any unusu81 items or dis¢l¢)sures in the accoun seeking explan8tSons from ihe trustees eoneeming any sh m8tteT5. The proe¢dures undertaken do )t provide all the evidence that would be required in an oudil and consequently no opinion is Biven 8S to whether the ¢Ullts present a'true aThJ fair view the report is limiied to those matters sel ou¢ in the s18wment below. Indenl Er4mlMer'sMareme Yourattenilon is thawn to the fact thit the charity ha5 PTepBred ihe accounts in acwrdw with Accounting aTrJ Reportin8 by Charities preparing theira¢rounls in xcordonce with ihe Finin¢ial Rep)rting Standard applicable in the UK and Republic of IRland {FRS 102) in preferen¢e io Ihe Aceouniin8 and Reporting by Charities: Stst¢ment of Recommen p1¢¢19ed on l Aprll 200S whi¢h rs referred b in ihe extanl regulaiions but been withdrnwn. We understhnd thal this has been done in order for ihe iccounts to wovide o true and fair vi¢w in cordaTtce with the Generally Accep*d A¢countin8 Prn¢ti¢e effeciive for reportin8 periods ginIng0n orafter l January 2015. l eonfirni th8t no oihermBtter hos come to my attentton givin8 me cause to believe in any material r¢5ped: l) a¢¢ountin8 record5 We not kw in accord•nce with $e¢iion 130 of ihe Charities A¢L' or 2) the accounts do not accord with those records or 3) that a¢counts do not eomply with ihe applicabl¢ SoUntIng requiremenis orth¢ Ch111¢5 Act., or 4} to wh- h. in opinion, attention should b¢ drawn in Order to enable a propcr undeT#anding of ihe aceounts ihell. Fellow ofihg Insiliw¥ ofChaiYepedAccowiioMs in Enslondand Wales 13 V¢rran Road. Camberley. Surrey. GU15 2ND Datr. 05 May 2023