CITY OF LONDON SCHOOL WAR MEMORIAL FUND (charity no. 325131) YEAR ENDED 30 APRIL 2024 STATEMENT OF FINANCIAL AcllviTIES 2024 2023 Appeal General Total Appeal General Total Incoming resources Appeal fund donations (including Gift Aid) Donations and legacies Benevolent Fund Investment income 5,941 1,442,000 8,205 13.523 1.469,669 5,941 1,442,000 8,205 367 13,890 367 1,470.036 7,885 104,494 4,021 713 7.885 104,494 4,021 457 1,170 457 117,570 117,113 Resources expended Bursaries Grants Sundries Outgoing resources 37,397 37,397 22,000 22,000 25 25 25 22,025 37,397 37,406 22.000 Movement on resources 1,432,272 358 1,432.630 95,113 432 95,545 {Lossesl/gains on investment assets: Unrealised 1135) (135) {1,2411 (1,241) Net movement in funds 1,432,272 223 1,432,495 95,113 18091 94,304 Balances at l May 169,785 39,142 208,927 74.672 39,951 93,063 Balances at 30 April 1,602.057 39,365 1.641.422 169,785 39,142 187,367 CITY OF LONDON SCHOOL WAR MEMORIAL FUND (charity no. 325131) BALANCE SHEEf AS AT 30 APRIL 2024 2024 2023 Fixed assets Investments Current assets Debtors - accrued income JCC Charitable Trust CIO JCC Benevolent Fund Short term deposits Cash at bank 8,892 9,027 17.091 54,760 42,980 91 54,760 34,775 1,555,096 1,669,927 110,274 199.900 Current Ilabilltles JCC General Fund Accrued grants 37,397 37,397 Net current assets 1,632,530 199,900 Total net asset5 1,641,422 208,927 Financed bv: General fund Asquith Bursary Appeal fund 39,365 1,602,OS7 1.641,422 39,142 169,785 208,927 Investments Market value at l May Decrease in unrealised depreciation 9,027 (135) 10,268 {1,241) Market value at30 April 8,892 9,027 Book cost at l May Unrealised depreciation at 30 April 12,000 {3.108) 12,000 (2,973) Market value at30 April 8,892 9,027 Cr￿ OF LONDON SCHOOLWAR MEklORtALFUND (¢harltytt￿ 3251311 YEAR ENDED 30 APRIL 2024 NOTESTO THE FINANCIALSTATEME l. Accounting poll¢les (al The Flnancial Statements have been prepared underthe htstorical c(rtconvention. as Modifi￿ bythe revaluatlon Df inve5tmerrts. (bl Interest and dwidends arn recognised inthe ppriDd in whiththey are receivabte. 2. Investments and shorttÈrm bank depLEÈ The Short Term Bar*k Deposits of th8 Asqutth Bursary Appeal are held In • specific War Memorlal charrty Account Thèshared depaslts of the Benevolent Fund and unrestrlrted fund of the War Memorlal Fund 3re held in the name of the Benevolènt Fund. 3. Taxatlon Notsx charg85 arbe in the charitsble fund5. 4. Benevolènt Fund and War Memorlal Fund Th•50 funds are establlshed re5perthely und•r a De¢laratlon of Trust dated8 December 1943 andtwo Order5 of the Court dat8d 18 February 1996 and 30 Oetober 1967 and are registeredwiththe Charity Commlsslon. crry OF LONDON XHOOLWAR MEMORIAL FUND (charity no. 325131) TRusfEES REPORT FOR THE YEAR ENDED 30APRIL2024 ConstttLltlon The activrties ofthe charity arè rnanaged and adrninthred by the General Commlttee ofthejohn Carpenter Club. This ¢ommthe meets at le3rt3times a year and con5ider5 the posltlon and the worklng ofthts charrty. Objects The obl•¢ts of th& eharlty ar• to provlde ben•frts to the Clty of London School IThe School) for Its pupils. former pupib and staff. Funds In addtilon to an unrÈstrlcted fund.there is a restricted frjndthat Is made up of donatiors at)d legaciesfrom formor pupils and other5 toward5 the provision of school fee bursaries atThe School forthe benefft of pupib from financla51y d15ath1antsz￿ backgrounds. This is considered to be extremely important in 5UPPQrtlngThe School's Strate￿ of maintaining a broad mrA of pupib based on their abilltl•s. Grants General grants are made large￿ In support ol puplls. actrvities atThe School. including prtzes for perfornianco. Subjert to the resources of the restricted fund. Bursary grants are madeto puw15 in need of financi41 a555Stance largèty at the recomrrtÉndattQft Df the Head.fheso often lastforthe whoiesthool eareer ofa pupil atThe Sthool ofupto 5oven years. Flnan¢lal Review The charity holds a part of Its unrestricted fvrthjs in investments thr¢)u8hthe 8lackRock Charinco common inve5tmont managed fund. All other funds are held a5 cash at bank. Durlngthe yearto 30 Aprll 2024. there wa5 a fvrther fall in thevalue of the investments. The Bursary Appeal fund income benefited from a large le83cy frorn an Old thizen of over£l.4m whi15t reeular donations coniinued. INDEPENDEwf EXAMINERS REPORTTO THE TRUSTELS OF THE crry OF U)NDON SCHOOL WAR MEMORIAL FUI¥D l report io the cTrArity trustees on ihe tt¢c(wnts of th¢ ¢hariry for the yew 30th A￿17 2024. whith ￿e Set out on Pages ott to three. The charitys trusiees are responsiTr•le f(ff the wepardlion of the acc￿n￿ The Clwilies Commissi(K) granted a disttn5ation frorn ￿dit under Regulation 34(3Xa) of the Charthes (Accounts Re￿rts) Regulations 2008 for this year. artd instead require an ind¢p¢ndeni examination of the ft¢¢ounts. The charitys gross income exceeded £25,000 Ind l •m qualif%d to undertake the examinati¢)n ty being a q￿]ifi&l member of the Ins¢iWte of Chrter¢d Accountants in England and Wak li is my responsibility to: a) examin¢ ihe ac¢(Mmts undersection 145 ofthe Ch#ities b) ftlllow the prLKcdures laid down in the Genernl Dirt¢¢ions given by the Chfirlty Commission under se