THE CHARTERED ACCOUNTANTS. LIVERY REGISTERED CHAIUTY NUMBER: 327681 REPORT OF THE TRUSTEES AI¥D UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED A) SEPTEMBER 2021 FOR THE CHARTERED ACCOUNTANTS. LITrTRY CFL*Ty
THE CHARTERED ACCOUNTANTS, LIVERY CHATy CONTEMS OF THE FINANCIAL STATEMENIS ror th¢ ytxr¢nded 311 Seplemb¢r 2021 Patt ityz Report oftht Trurted 3ty10 Independtnl EswDiDtTS Report Statfment ofFin•Dri4 A¢tivlliu 12 13 Notes lo the FIMnti4 StstaTht4bts 14t•26 27 281•29
THE CHARTERED ACCOUNfANTS' LIlRy ADMINISTRATIVE DETAIIS S¢tys of the Ciity The Charity £lIUbj by Trust Dee 14th J&)uary 1988 the thai Masw and SIlor Wardffl of the Worshipful Compan%. of Chartered ACCO1$ itj England and Wairs I"The Chanered A¢¢owi¢w¢s' Compani l and the Ch&iTh s first Tr. The Chan"N is re$ed * the Charity. C¢)mmission for Engld Wales. The Court of The Charttr Accounts. comp%. apts the Tn]ste¢s. There mwi be no few'er three and tho" musi be Lil.eTh'm of The Chan¢fftl A¢]ts, C¢)mpam.' Unless the Court deterniine5 otherwryse, IM"0 of the TnLsiees shajl be the M&sier and the AIrn(Mr for the time being. In Dttember 2021 the Court agrJ thai for 2021-22 Sl0r Wardett RJthd Green shid be a Trllee irt place of the Master. It is the presaii prxtice of the Cowi to apwnl other Tnte of are Court Assists fow of wthom are not Court ASsiSts at the tsme of th¥r aPinnL for three i'e8r t¢rn¥ of offi¢¢. mew.able for one iern The Clerk to the Trusiees MageS the admJ"mstra¢ion of the Clwi"Th and the are no pIoN. Th¢ TnL8tee5 nomiallv mea four llTr a Near. Th•. appcttl Ad&isory pd$ w wisi them 1th t¥. * on¢ Panel memlxr must be a Truse. Objects The legal ObJts of the Clwity are defv Io Bwal ¢haritsbl¢ pulp0 85 folloNs.' The r¢lie(of poverty. throu8hout the world: the l.L£emen1 of throughtyjt the world: the advancem1 of reliOn through0 the B'orld," such otherthaTitsble 8n%'wthwe in the as are for the bu)efJt of the United Kingdom commurritv Within th£se Obje£ts, broadl). spe4km& the Tnse5 sup (in no partscular ¢xd#l." Causes introduced tfj. nrrnbry5 of th¢ Comp% snd ¢au5es In wlu.th CompTh' member5 are inTrolTred. Causes related education for ajl a8¢s. with a focwE on wre 4ywblin8 skills suth fllwjcid liteTXJ'. nunyrxv. Iller. Wld di8itsi Skills. Causes Mill increase sla1 m¢)bility and ley14t¢ }.4>. ID rw ofthildrffl 2nd in neal. cae5 wltere the grant will make a $i1r1¢•I1 th"fYmce Causes Thfv"¢h are &8so¢iaknl Mith the x¢oun¢V professiwL the City orth¢ Liv. Public bellefit stafrme#t As of a Pthlic Bw¢fit Fntiti.. the TrUSts c(mfirm that we hal'e referr&J and complied with the guidance conian&J th¢ Chan'ty Commissi('S 8en¢rz] 8uidance public knefii WITh rth'iewing the Chanty's obJeclhTres. in plmng firture Xtsvitses. id F+lM setting the grwi makm8 pohcy for the ear As Trustees we are Tr)1 resth'ded in ow inTr'45tnwt
THE CHARTERED ACcOuANTS. LIVERY CHATy ADMINISTRATIVE DETAILS Conthiued Trn$ttts Dr Hi14Tr' Linds¥v (apwnd 8 octtsb 2019) Chw"Tman and the Compan%." 5 Alm fTom 7 Otber 2U20 the ComFtsD s Masw J)1912V The Comp2m' s Senior Warden 2021-22 RJ"chard Green (appointed 5 tkcember 2021) Graetne Gord(ffi lapp)Ind 7 Oaober 2020 r¢signed 6 Oclober 2021) The Compan)"'s M&8ter 2020121 Mile5 Hed8es Neeraj Kapur Stel'e Maslin S2]Iv Orti AndTew" Pl¢a ManLn Robinson Court Aw"sthnt of the Compw. Court ASSIS1 of the COM." Court Assi5WIt of the ComF4ni' Tht Clerk to the Tr¢£$ Bartwa BFooks to 31 Dttember 2021 Prltstip Offi 23 Siouththj Dn"i'e Northampt NN4 OUH Tel.. 07762 408671 e-mail Chl".11 xcountsntsli%eTr'.OTg The R04'81 of Scotland pl 62. 63 Threllle Stre EC2R 8AH 1nVdtntsÈ Matswi & Custodlan Trwlet Qw"Iw che17 Limid S¥Jaor House 85 Quttn Viaryia Str¢¢t EC4V 4AB Independent Elizabdb lTh'itie Verulam Point Ststson Wal. St AibaL HfLYd$bl ALI SHE eEistetYd in EnOknd & Wle8 Clwity Nmber 327681
THE CHARTERED ACCOUNfAN75' LIITRY REPORT OF THE TRUSTEES For the yew tDded SeptUDber 2011 The Tttt$ kyesefti ow rq)ort for the ycar alded 30 September 2021 together iiith the Charity s fuwiciat sernts. The rinanoal shments haye bm prepared in aordCe Mith the x¢0ting lIcIeS se¢ out in note i to the finCIal 5tatemqJts and wrnpj). th¢ Charits s tr]st ¢k. The TnL5re¢5 hhie adopied the proi"isions of the Statement of Rttommendd Practice (SORPI "A¢¢ountsn8 and Reportin8 Chan"ues" IFRS1021 {S&ond ltion> in prep0Ttng the annu rewjrt and financi Ststernts ofthe Charity.. In introdu¢iTh8 this repon "e ould first liLe io s81. a huge thank" lou to BaTbarn Brook5 an indelati8able Clerk to the Ch8rits. from 2016 until th¢ ¢nd of 2021. We or¢ 8reful for all she has dC 9pOrt us during an imp)r¢ont WINJ in our ¢ioluti(KJ NexL we M'ould like lo th•k Graeme Gord< fw his fflthusiasm commitm&ii to his role ts a T[tee durin8 his bw )ear &% M&ster. tnwje ei'en bler . his fundrwsin8 Sour¢¢2CiTh de force. Finaili". Me 0thd like to thank" Liven'mart Joseph )rd who quietli. and efficienth. carrie5 oul a mosi I'aluable job . c4)mpilin8 a sumw. of8r1 applilonS we receive for con51dernb¢m by the T. THE CHARITWS OBJEcfs AI¥D ITS RELATIONSHIP WITH THE CHARTERED ACCOUNTANTS, COMPANY The fom)al lega] obJec¢s ofthe Chan"h' art sa out (m page l. The Charits. is ¢10s¢1i' &ssocJawi 1th The Chartered Accountants, comp). and iinuajl!. a]1 its donats(ffi inwme is reci"ed th"Tttth" or indir}. from prewi and past Members ofthe Compan). The Trustees are an independeni both.. mindful of dth' TnkSt¢es of a dwi't¥ oper]ng ID the public InteresL wkn.le aEw'tys supportitre ofthe obj¢¢u%"es of the COMP). wthosc membeJ5 pro&ide the Charity's I&$. The CompTh. $ pra¢u¢ai objertsi.es Set oui in ILS Mission Swernl indude wiing somethtng back" 50ath". directsng TInber5. effoTLs and [dS io releNan( Sinable causes and coMMlI1¢S and In'wng the sk'ills and PEr1Ce ofits membuk Delivery the Compani, s mission 15 the resFwibE1t. of the Compam. s Masw. Court and member5. Th15 separa Chanti" is a I'ehicle through iitii¢h comp1. members c fuJfJl th•r financial obliga¢Jons 7AithLll the charitable mis5ith. The Compam, s Almoner and the Trusiees are ver% aware of the Company s and the Cowi"s obJectsVCS. thi.nk" and xl Indepedenti. of then We are aw'are that there are pot1 conflicts of inteTtst and confiicts of lth'alt%' in relatson w Olf duts¢s io the ChaTiTh' and the com. and sff k" to avoid or manJ8e those ¢(flicts More gtheratly, the TTW&%' CLYLduci is guided bj. the seven pnnapjes of the Chanty" Gov¢rnance Code.. or8aniswional puw6e. leJerth"p. integnts". d&i5ii)n mak"Ln& ti5k and c(xJtrol: ¢ffeaiI,CsS. equ8Jity'. diversitv and jnCliOn. and op&me5s and wwitabilits.. The TnL%*es rwmse our duts" to keep up io date with dth.e10pmts in charih. law. We ad appropriwdN' in rdaDm io conniQ of interesL Tlee5 rell'e an induthion dmbing the athivitie5 ofthe Chsrity. and TrLLStets' res[ASIbilI¢s. FUNDRAISING As sed. 8Jmosi ajl the Chan"t% s dOnats income comes from Compam.. rnember5. When prnspeLXiTre CompatN.' MberS are intm'iew&L th•. le that in norn CiT¢umstsnces Comp.+" membus are expec1 mak.e an amua] to Chari lllch, before 8ift aid is add4 is roh]1' ¢quii'aient io the annual quanu4e 'able the comp..
THE CHARTERED ACCOUlANTS. LIVERY
REPORT OF THE TRUSTEES
For tl ywended Stptember 2(121
The Charits. has $cessfUll5. xcumul¢d w] cwdable erthwTrent rd in excess of £2 million. increasing the
Chantv"s impact 7AiII be ured if this fd is incre£8ed 5ub5thllti8]h. oi.er time. Eath l'ear the Charir). eXpts to
distribthe most of the annual d(atiOnS from munbers plus th inwme 8eneratyJ from the existing capitd rd. To extend
our charitable reach land there is a conDnuin8 WKI dernand from v4"Orth1Ie causes) need io Increase ow
capitd fund more income. Ihe Chants" (mli. do th if memkn l"e us donaDons and lea¥e u5
le8acȢ5 in thar wills. To aid this proce on 8th j%. 2021. the Tnl5 Cro a separnte fd- to be known as The Cork
Fund ITwn41 after Sir Kennah Cork" & foLder of th¢ Lii"m" CornpwTr.' Lord Mavor in 1978-791. The
legacie5 and d(MlOn$ made this Fund although remaining w of the expa)dable ofthe Charih., are intended
to be Tetained as capitsl io ser?le income to 5pleMli w)d increase the atmual funds aiailable for disthbution. It is
hotd rnberS 711 le&Tre legxies and maL'e ¢)ne4)ff dub.OnS to the Cotk" so il tttomes a signifjcant pari of
th¢ capital b&se for the ch1.. The fwl was not ¥ts've during the >e4r jer reliew" bul Mill be ladIed to rn¢mFEr5
during the coming Jear.
Compw. members have a8ain been genero this year &8 a resulL [C1v unte5kncd drmatson Incon of
£138.247. Mosi w.as in re8ular a[Ual th>natsims the iothl incl a little oier £2,IKK) in oneff £80(l Or'th
was a le8ac% from the esth of the l&¢ John Holland Mith the balance bej.ng furthu wntrIbions made bj. Mem[5 to
supplfflneni the £75,(NJ) Wave 2 Grant pro8Tamme mmti(mal belo. The comparabl¢ figure from the pre0 Tr'eat w'as
£152.508 £9.IMX) of this corn8 from (me•off ¢(ffitnbuDOtLS from nmber5" these ther ieflected savings thth" had made
from Trot attending dinnus or ConmbuttS tha. me thth" attu)ded on-line lii'm. J'ents We hai'e not &sked foi Arti.
such c
THE CHARTERED ACCOUNTANTS. LIVERY REPORT OF THE TRUSTEES For the year ended Septhber 2021 GRANfs AWARDED The ChariN' 5 fornRi 01yec the cL we tend to SUNM)rt are set (xrt tO8e l. The detsils of ajl the recipifflts a included in the finaDcial $ants. Mosi of the grants gawe SprisIng1I. fell into more than one e80Th.. We thou8ht members '¢mIld be ]ntrtsl in knoin8 of grani iotsl of £249,005.. 73% was io ¢3 tmntws ofthe Comwn.". 71% Mas cau r¢lw¢d to ¢duwion for dl a8 65ty/o to cause5 incre&Yd 50ciaJ mobilih.: 8(P/fy to ¢ause5 wthere the 8rant mth o Si8Difiwii diffewce. I/0 was to UUSe5 0¢la 1th th¢ profe&sion. the CiTh' or the .1"ery. MaJorwojEct The Trustees e a large prop0 of the Chan"ts"'s aailable [d$ exh i ear mak.e a substhntiai impaa tn support of a major prOjL expectsng Continue the sw)pcd oi.er three %'eats. subjeci to the Tnjstees. decision each )'ear b&4J on repons receii.ed li is o%er a l'ear no sJn¢¢ the Tnjsiees agrttd 10 8itre the 2020 Major Projec¢ Award io Cratye (AFtsJ for a new. progTamme for Young Carer5. CHANGE"MATfERS. through Mtiich Youn8 Carers ar¢ ben¢fitlin8 from Create s 8pproath and dn'elopm8 ClXtfidaK¢ and life sLills (IlU.ng fmanci8J litw} through th¢ creatsve arts. The fjrsi vear's grani of £75,000 w&$ paid to Create in the middle of 2020 folloming i'en. impre55iie reback from the firsi vear s actii'its4 the sec1d £7i.(m V4'&S pwd oi.er in Septemkn 2021. The pro8Trm w.as lo hai"e been face to face but the p8ndemic me1 it preparal ddiTrer•J. I"ir¢ualh" {une¥pecte4lls"18nd, penNtt& face to face (&$ apted). FMergen£ygran15 in relaiith k) Cowd-19pvthi tn 2019.20, in re5Wn5e to the fitst l(kdtswL TrleeS set tside £1 10.IKX) for FJrtergaKv Gr$rt in resPL to the cash presswes fxing mam. wTric¢-pro%idin8 Ca and rwsin8 that fUndr'sIng OPtrf>rtunitie5 had mainli, disappeared Charitses faced &xceptsOn. heaiTr deThand5 supprnn8 thar commimitae5. Grants of up to £5.(KMI were aard to chaTitse5 or projxts in wljith CompN.. Membets had some prnnal ini'oliement wlu.ch were three impacted bj. the pandemic In 2020-21 the TnEtee5 those Io use the unexfved increa%e to theLT UtrestrictJ fund W8n¢e to set &side a further £75.(XX) $0 that this prts)Me of ttnergth. ¥rn)i-gJ%'mg o)u]d be coniinued during the se¢ood wafve of the pandemic The amouni w.as Irred to £76.21X) ¢ontributs¢xLS m* h. rnbers of the Coryanv. Detsils of the 22 ch'ti¢5 'e 5uprM>rted (2020 26 chan"tse5) are llhduded In the XCOUR
THE CHARTERED ACCOUNTANTS. LIVERY REPORT OF THE TRUSTEES For the yegr •ded September 2021 Bur5ories Il is importaftt to ow prof¢ssion th• te¥her5 in UK li¢t¢S ITrde Chred Aw)untants Th¢ Charit¥ therefore pro]deS bur53Ties to ICAEW charte Accountants pursuin8 D(Ktorai studie5, th8 &55istin8 them to construct fimding arrangements to them lo stith. for p05t-gTwJuate degree5 in &cotan..related topics, and herhce to deTre]op ¢are¢rs as te¥h¢rs and r¢s¢arth¢rs in UK unii'¢r5iti¢5. Th4x burwies ar¢ t¥pi¢allv about £5.OlJ) pex annum for a riod of up to four i'ear5. CsThlidates are 5elextd from applicants . a panel w4kn.ch include5 and acwjernic &dlSer5, considerable &%sist8nce from ICAPW. This ¥e8r the deMIC agwn reduc&1 the number of inditsiduals apph.ing for support and some haie had 10 thk¢ a br¢4k dwin8 th•r Sti1¢$. Curmtli" are ts"o bursaTh. holders ¥%tho were 4ward&l £7,5UO in the 202112020 four& £16.(NJ)l. It is hoped oTrer the neKt fth i"e4rs these nwnbers Mill increase. Wellarefvnds olMIiii(ryandC¢i offiliouons The Chartered A¢tts. Conwan.v h&$ five Milithn" and Cada atf1liau(S ere there m. be some financial support The Hotwwable Anillm. CompTh.". Rol'al M8rines Pcrf)le (The sp]8 Bow Sm'ice}. 47 Squadron Rov8] Air Force. The RoN'ai Naiaj College Dartmouth. and Hfvffs Dwldas (The Hatrow and WeMb1 Sea c$). The Charitv supFw)rts welfare fdS ofthese units. wthich were aarded £7.(th in the i"ear12020 £10.51X)). Cotsses related 10 fthe CityofLoth anditssAtrrthLnding &Yll* The Chzrity. SUpts a Drnb of Cal CLThecte41 the City. of LAxmI and its sUrroulIng IN)roughs. Most of these grdnts are or sm&il sums. ex¢epting those io The Lord MaNor s Appeal amd ¢0 Treloar's Sthool. Such &wses were aii'arded £18,6AM) in the fvear (2020 £13,81X)I, of wthith £3.51X> (2020 £3.i(M) li'as gii'u) io The IKJrd Maj'or s Appe. In both sears th¢ Chan'ty me an addIti(l £l,(KK> d10n in re5F¥e to pdeMiC.rd fwjdrw'sing chdlajges faced . The Lord Mavor's ApFtal. Othergr¢7P In addjtion io the a1.4 the TnL51ees rnak¢ ¥ number of othw grts eath s'ear, in rn(Mlerth sunL%. Sorne ol these are ¢aus¢s introdwed bj. CornpwL!' rnbel5. 50 involiing Con]pwTh.' member5 the Charits. and b4ving the Tnstees some rirst-hgnd 8ssurdn¢e ab¢yJi the r1thts. grants iothllin8 £51.386 (2020 'en.r0Ur & £53.7501 ¢re awarded in the %'ear. FinaJl%' three atTK)Lmts ts)tsllllEg £13.319 w'ete paid oul in with the ie5tridsJ fund5 had receivd this l'ear armi the l'ear iEfoTe including a gmt to the soctai mobilits. cJwi"ts" Lef41uship Throu¥h Sw)n and Business for th¢m W) dertake a project in an area hrAI pre%ILMs. rece4vd a restriLted g[l
THE CHARTERED ACCOUNTANTS. LIVERY REPORT OF THE TRUSTEES For the year ended 30 Spmbtr 2021 INVESTMENTS AND INVLSTMENT OBJECTIVLS The TTUStees, hlftg regard the athice of the Tru5t"s iniestment 1.15• dewrnine inl'esthit policies and have deleged discretsaTr" authoriTh' to our adTriser5 Our prtsfflt ini'e5mMt is io mainthin the ltr'e] of inTrestment income (hai"mg regard io our 0)Mmiknt to fimd grants). balanc with rnaintsintng the groth of the portfolio at a mediwn risk level. FINANCIAL REVIEW AND PERFORMANCE The Charity's income for the lear wded 30 Sepiemtr 2021 £219.899 {2020 £230,662). GTants awarded decre&sed to £24Y.IM)5 12020 £279.0501. lar8¢1%' the Wale 2 Enwa)¢%" Grants Pro¥r8mTne £76200 comparnl w.ith the £1 10,(KK) Wave I Pro8ramrne in th¢ pr•"iow l.ear Oi"u the I0 %eats. from our major projec( th¢ ChariD' has made grants to around one hundred aThl thirt%' cawes gains. the Chatt"ty"'s excess of eXpditUre oier InMe for 21121 w'as £62.17812020 e¥ce5s of £76.2861. Net gain5 (Xl LnTre5tmfflts tn the N'ew £407.442 (2020 a Irtss of £91.1. The Tru5es' principal b&)chm&rk is the MSCA WMA Pri%ate IniestOT Batancd Ind¢%. The p)nfdio (mJterfole th1"5 tndex durin8 the period w)deT reTr'iew. In&esthKni income wa8 £73.2211 (20211 £73,154). The portfolio is ini¢sted 68% in ffjuitie5 across the H'olld Imosilv In inve5tnxnt trwyts) aNI 32% in fix intrrest and alternatii'e iniEslments. The movem[ in Funds fw thel'ear V4'&4 an incr¢ of£345.26412020 a decre45e of£168.1951. The Chori¢) lnie5tht Portfolio S0d * £2.341777 at 30 Septemb¥ 2021 {2020 £1014.9331. The investmeni wrtfolio is managed for th¢ l(m8 temi a5 the Chan"ty h&8 sufficiemt lid fim&. The Charih. Continu to bfflefit from an free I1 fiornThe Charted Ar)ts. com} Ml)ich wnounted to £7(),<XXI at the!'e4r-end12020 £70.(KMII The CltstiTv no IlSCr benefits fTom the Compans. s gifts represOLUll8 one third or admission Fines pable lTh' nev4" Freeman Lii¢Th.n dwing the.ear (2U20 £3,336). In 2021 nothin8 {2020 £73) was recei1 der &ft Aid from the Compah.". We prei'ious1%' l1'¢d an arnowli equ8] the bonk" interest rtte11. iry the Company. The TneS have be for kns sUprt oTrer the %'e4f5. RESERVLS POLICY A]1 of the endowrnent funds of £2J62.450 {2020 £1.%5.087) are held h the TnLSts an EXPed&Ie Fd0rynen1. li is the Tnsice5' polio thaL laking ¢xJe l'ear with another. over k penod ot tsme approKlmd1. gkn of the Charity's donation. 1niestsnt Other inco le55 ernSeS shodd be thsthbwed as am. une¥wdd bance being held as Un1¢1 income funds. Adjusth)ents le$rted Itt i.ear led th¢ Income Fund as & 30 Sepmbei 2019 b&'ng £71.980 hieT pm i(MtslTr" gaTre the TnEtee5 the optommiTh' in the 2020-211"e4t W 8Jloc4te a fitrther £75,0(X) to the Wav¢ 2 Enw8¢D¢V 8mi pr08ram. over th)d oF'e our expthl Br8Dt e<t&'wr¢. The Charity s Expendable endowment is ini"estsntt)i rd held to genernte tncome and ensure the sthbilitv of the grani making programny. Thj's ExtVLdable Endov4ment. in xcordae with the Trst Deed. nm. b¢ dra in fujl or part to be used for the pwpose of the Chan'ts. the discroion of the Trusu. The UW&%tnci income rd5 of £87.510 12020 £134.609) represent flee resen"e5. The Tns1¢¢s uwid¢r these reseThes ad•jut 8t 30 Septanbet 2021 Both the poli. and its implemu)thuon a mder regular rn'iew. In 2020 there a rewicted fund of £5.(KK) w1*re mones. had b gil' for a projea rel•¢d to socia] )bIlity. A grant of this amount now beth SEI' to the sc¢i81 mobility tharity Leadership Thro Sport and Business for them io )dttke such a project.
THE CIL4RT£RED ACCOUNTANTS. LIVERY
REPORT OF THE TRUSTEES
For tbe ywtnded 1 September 2011
GOVERNANCE. COMMUNICATION AND PAN LIVERY INITIATIVLS
As m•tsoned thi¢r, the TrtE£S oEtsffi'e the pnnciples in the Chanh. CM)iemaThce Code Followin8 a relision in th¢ c(Mle in
lote 2020, the T[tee5 completed the Small Chan"ne5 Golernance Template prOlded b>. the Charity. ConJtni5sion and &s a rtsult
identifEd l.ari0 xtion5 we wTrshed to take dwing the l.e. As a rtsuli we".
held a strat¢8J' workshop in jul.;
updated the risk register aTwJ fran"0T.
agieed the appwach the ChanN' wished to thk"e Thith resw to S8fegLwthng:
rled and sli8htlN' amended the e80r1e5 of ca& V4'e Wish to suiyort:
updated the g[t applicatson form and 5upwthg docurntsts:
intrtyJuc&l a light I0h bodrd re11ew" pr(tess:
agreed a skills auth"I templa for cornpldion IA. ¢urMi and prosFttUi'e TnJsM'
Supp)N the updaial Tniee reuujul wocess h& now bea) ad b)" Coun.
The final principle in the Chan"ty &)i"em8nce Code is oF•e$S and Accountsbdity. A elem1 withitl that Ès
mmwii¢a¢iii8 effectii"e])". The Trusiees invtted the p&%i CUTh1 chai of the Compans s CommlCa0ns Committee. I¥JL
Dalies and Dald Chilts.. io attend one of our mwin8S so w'e could pl for the 'ebsi and how. the Charit).
coujd tnaL"e better of 50ciai meth"a to Wote we do.
We are 8150 verv 8ra*fial to the Livelv Committee its dwr. Beveriv4' Twner. who haTr'e allow' us to h'e a regular slot in
the Compatry's rtguiar Zoom programw. This means memkn of the Compgn% hal'e be
THE CHARTERED ACCOUNfANTS' LIVERY CHARITY REPORT OF THE TRUSTEES For the year omde41 Syternber X121 RISK MANAGEMENT The Trnstees regularh. consid¢r th¢ risk5 f¥ryl the Charity. ID d"th"Ag the mgjor straw¢, business and operatson81 risks wh]'ch the Chan'ty. fxe5. We hai"e Consider the i"utn¢Yth"lit%' of the Chan'ty io factors hknich could sen0875. impair our abÈlity' to adtiei'e obJects¥a and hai"e url the Chsrity s s?'stertts ahable these risks io be managed. The main income sources a donalions. IlUth"n8 rexoi"m', ini"¢stme41t i0. The th"liTh of the Charitv rnak'¢ grgnts at the current IM"el is dwda)i members of The chart¢r A¢tants, Comp> ¢£trAu1ng maintsin thw"r leTrel ofg]i']rtg on the sth"lity" of inlesutwi incom FUTURE PLANS The Tte£S irjtthd to mainn the preseni lewds of reBular income and KditUTe for the vear to 30 Septernber 2022. expectitl8 to ¢ontsnue our suwort LO OUT Major lknJe£i (CREATE'S wograrnme CHANGE..MATfERS), to existing and nem. BursaTh' hold¢r4 to atrIlLat Militsfj and C&let th)its and io cawes rded io th¢ City. of LdI) and its surroundE'n8 IM)roughs. Followmg the su¢cesg and of the fJN EMSenTh Gt Pro8ramm25, the TnLStee5 ate ¢xplorin8 WXy5 that a Wive 3 progrdmme mithi t¢ P(6sibi As menlioned alx)Ye. the Trus¢ees haie no" sd w) a s¢par¢ EndoW7nt Fund for Lles. The Comp.. has estsblLthed the Cork Club Steering Grw> to the delOpml pron) of .5 ¢ompaThs'_wide inillatii'e and membus will be advised of the $fiC WOTth"ng MDuld ne41 in am" ISts. ifthey Bish their 'ftS to go to fimd. STATEMENT OF TRUSTEES, RESPONSIBIUTILS The TnLS1¢¢5 we reswisible for prepanng the Re{ of the Tns¢5 and th¢ financiat Staiements in accordte with 8pplicable lam" and United "ngth)M ACc(lIng Stsndarth Iunifrd Kingdom Genera]l%' Accepted ACCOtIn¥ Pracucel. The law applithl¢ to dwi"ti&8 irt & Wales wuir¢5 the TnL51¢e5 to prytre ruw18] for each fjnancial year which 8iie i true and fair i'ith of the swe of the offaiT5 of the Char]"h' of the incoming resources and applith'on of r¢50wees of the Charity for p10 In preparin8 these fujanoal ststemaits, the Tnfftees are wuir¢d io. selea suityble accourtling poliLats tha) appli" them wJsiswd%': obsene the methods &)d pnnciples in the Chanties SORP 2015 IFRS102) {Second &th"ts). Make1jgeMets esillnatrs th are rewrtable and preThE siale w'hether applJabl¢ accoting st and stateMts of Tecommthded prxtice have b followpl subject to hnv materia] departw¢s th'5clos&J and expjwned in the finanaal s¢Mlts. and to prepa the finan¢iaJ 5tstements LYJ the grt8 C{Cern b"$ th)less li is tnappn)pn to Presumeth the Charity will Contin in The Trusiees are pOnSIble for kewng 0Fr xcounting rec(vds disclose Mith T¢18b1e accuracv al allv time the fina1 EM)sition of the Chan"ts' and enable them io fflsure th¢ finaTh¢ial 5tstemfflts compl)" with the Chaniies Aci 2011 Ind the Charits. (Accounts and R¢EM)rts) Reguithotts 2(K)8 and the proiisi(ns of th¢ Tn& Deal We Ire also responsible for S¢guarding the a55ds of th¢ Chority. hence for tsk"Ing renable sieps for th¢ pr•tiOn detethion of fratsd and other irre8uiaritie5.
THE CHARTERED ACCOUNTANTS. LIVERY REPORT OF THE TRUSTEES For the yeArthded septernb 2021 STATEMENT OF DISCLOSURE TO THE INDEPENDENT EXAMINER As far 18 the TrsIt¢s know, th¢r¢ is no Tel.#1 inform&1 of Ththich the Indepdern arnIn¢r is unaware and w'e haie taken all the steps we ought 10 hai"e tsk'en to rn"e (wJrsel%e5 amare of w. rd•'ani InfornOn and w es&blish that the Indedent examiner is aware of th&t infomwi¢)n. INDEPENDENT EXAMINER The Compam."'s Court and the ChaTJts"'s TrStee5 are agrthl a matter of poliry it is %n5ibl¢ for the iwo OTgani5ations to appoint the same IndepdlI Examinu. In 2020 WMT Chart¢red AcCoUnts wer¢ aprA)inted . Coun and bs. the Truste45 In(wt Examiner for both entiti¢5 1th effect from th&%'ear's actwi¢s. ACICrfOWLEDGEMENTS Th¢ Trtsttts aT¢ gratefi to all member5 of The Chartered Ac¢ounwts' Compufj.. and others hae sup]ffied the Charits. during the vear. In p1¢]ar we are greful the neF Fre¢rn eixd during the s'ear hai'e enthusiasu¢aili' choserk to contribute to the Chanl)" and martbus hale to genero51% increase their lei'ej of 8hiing. Our Clw"h' i5 very. fortun¢ that our membus 17&7"eN. ar¢ sm¢Jng the nM)st Bfflerous xros$ 311 Lii'm. Companie5. COMIV membeTS others wtho made fin8ncisl contriiwuon5 in the l'ear are namgj ¢m pages 28 and 29. Tr1¢¢5 hope that an). CompwTh" members noi nuking regular witributions th¢ Chan"Iv will coAsider d¢Jng so m future qowa8e CompaTh' memtws to Consider lea) In8 a lew. to the Chan'ty. in their 711 The Trustees are 50 nw)st gr&eful to Qth"Iw Ch¢viot Limi1 for its CZTE &% discre110n many of our investhl funds. On bthoifofthe Hllary Iindsy Chaimian..41monu ofthe Charttted ACCOts, Cornpam.. 5 April 2022 io
THE CHARTERED ACCOUNTANTS. LIVERY INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES Independent Report to the •f The Chartertd .4cc•wiwts' livery Chrlty I report io th¢ trLLSLee5 on m¥ ex&Inaon of the f1claI swernts ofThe ChaneTeA Accowiw)ts" Liiery Clwity I'the chariTh I for the vear 30 Seoemtrr 2021 wmprise the StaMl of FinanLiai Activities, the BaJatk¢¢ Sheet and relad t1¢5. This re)n is made soleh. the charity 5 In1$. 4 both.. In xcordllncc Mith se¢tion 145 of the Ch•nts¢s Aci 2011. MI. WOTk h&$ becn deakell so that I mighi $t io the charity" 5 trustres matter5 1 am requii¢d io sta to thern in this report and for o¢her purwJs¢. To the full¢ ten1 rnItte h. la". I do not ac¢ept or asswn¢ r¢5POThsibilitv to an}'one other thaTh the dwi"r)" •d the &$ a Frt)dv. for m%. M'orL for thi5 Icpory or for the opinith I I.¢ fortnl. Respooslblliti¢s bsis •f P•rt As the mL%tees of the ¢h8riTh" l'ou ar¢ r&spth)sible fw the w¢tAf#tsl)rt of the fjnwcial in a¢[da[e the requiremthis of the Chanties Aa 2(11 I l-the A¢i'). I rwn in res1 ofm%' ttxatmnati¢M of the dwi't). s finwual $wemts camed out Wlder sectt(ffl 145 of the Ad Brtd in cam'ing out m). examinatson I hai¢ foll¢)V4td all the applicable .lOn5 Iw the Chwity Commi&sion un se¢tion 145(5Mb} of the Act. An Indep•de¥tt auminavrn not inTrolve 8athfflng ail that would be rtyutrnj in auth't and consequenili, d(Y5 not coier all the matters an ats"10r considws gii'ing their opinion on th¢ fJnAnctal ststemetjts. The planning conduct of auth"18oe5 the limitrA assurance that an IrtdeFdt examination can profvide. I wress 0on as to wbah¢r the finwxial pres1 a 'In and fair. view. and m) repon 15 liThuied to those SpAriC 5a Out in the iDderAJkn( aaminLY 5 Stalem¥y. Indtptndent exwiner'5 Statewi I haie completed m). £¥aminats¢n. I no maaial motty5 have come to my Jttthtson in conn11 wqth the exammauon wvirtg me caw¢ to believe in arrj. rnaterial resp1.. accoimting [OrdS WEre not kw in r• of the dwits. as reqwred bv section 130 of the A¢" or the finCial 5tstemthts do nol tsrd with thc6¢ rexords. or the finwtriai statants do com&l)' with the applicaile rquirtsits ¢x)nceming the fonn snd cont1 of acCots sd out irt the Charities (AccoS Reponsl Re8u]abons 21J)8 (Mher th&) anv reqwrema)t that the accounts wve a'true fair e is Dot 2 c{1dered as pffi of ak lltdeputhli ernnattOn. I hale no cmcems ha%e t¢e xfoss no other mall¢r5 in Conn1 with the examinalion to attaitith) Should be dr•n in this ret*Nt in order to e a prow derSdg ofthe fmancial swernents to be TthJ. Etizabeth Inine FCA WMT Chartered A(tOts Venalarn Pomt Swion Way Si Aibans Henfordshire ALI SHE 11 April 2022
THE CHARTERED ACCOUThTANTS' LIVERY CHARITY STATEMENT OF FINANCIAL ACTIVITIES r•r tht yurended 30 September 2021 2021 Totgl 2020 To¢al funds Unrestrictyj RtrICtl En&)Nmart fthj ruT INCOME AND ENDOWMENTS FROM Don*ions and lryxies 13U47 IW71 157.508 I¢stsl income 73 Tolal 211A75 8824 219099 230,662 EXPENDITURE ON RSing funds In1£stnl man48eml f5 8.589 Charft¥bk attivitlej GTants made SuppK)rt costs 13J19 ID5 249JNI5 23 279.050 19,3( 23J82 Totsl 13A24 28U)77 306.948 Net ga{1(Se5) itiveststs 407 NET (EXPENDITUREYINCOME 147m9) (SM•)) 397063 {168.1951 RECONCILIATION OF FUNDS Tot81 fuDd# brnutst forwvd IW LIO4696 2.272.891 TOTAL FUNDS CARRIED FORWARD 87 12
THE CHARTERED ACCOUNTANTS. LIVERY BALANCE SHEET ) Stpiember 2021 2021 Total 2020 Totsl Unre51nctsJ ReStn"Ct Endowrnt FIXED ASSEIS lniestmts S7 4284022 4341777 2.014.933 CURRENT ASSETS Debiors Cash * baDk 31382 31282 15.193 77 77ffj28 175.027 CREDITORS AMots (alling due within on¢ {99J73) (99J73 (85264) NET CURRENT A&SETS 29 77 28 107 183 TOTAL ASSETS LESS CURRENT LIABILinL8 87JlO &3644XI 20499611 2.104.696 NET A&SEIS 87 FUNDS Unrestricted funds Restriael rdS EndowThent fun&$ io 87Jl(I 134,(K>9 5.(K)O TOTAL FUNDS The fClaI ststemums were approvAI Iw the BLwd of Truses thMhonsed for issue on 5 April 2022 and wue si8ned on its tthif by.. Hilary Linds4. Ch¥irmTI Atmonu ofthe Charterd Accomts Comp*ry 13
THE CHARTERED ACCOUNTAIYTS. LIVERY NOTES TO THE FINANCIAL STATEMENTS forthe year ended 3(1 September 2021 ACCOUNTING POLICIES Basis of prtprl the finattdal stiemeMts The fu)anciai $ements of the thariTh. 'hich is a public efit entit}. der FKS 102, hai"e prepar in accordance with the 'ACcotsA¥ &)d RepornDg tfj. Chan"ues'. Sth¢anffli of RffOmmd Practice appllcable to chsrities prepann8 ththr aCCots In Zaord¢¢ with the Fin8nciaJ Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021 {Secd IlltI.. FinCid Reportin8 SLgndaTd 102 The Financid Reporting Standard applicable in the UK and Republjc of ITelaDd' and the ChariDes Aci 2011. Th¢ fllwicial St8Mts hae bea] prepar&1 under the histonLi cost with & ¢XCeptil of fftnTre5ttnfflts are Tr8lue. The financi statements hai"e been prept to gii"e a"Inie and fair i.iew and haie depaned from the Chariues (AOts and RepoTts) regulatsons 2(M)X to the ¢¢1 requir1 io proiide a 'irue ad fair. iieB. This departure h&s involied follortqng '"A¢¢ow¢th8 and Reportin8 h. Charities.. Stsiemeni ofRecommended Practice applicable to Chantses preparing thwr a¢¢ounts m accordance with the FManc1 Rew>rtsn8 Standard applicable in the UK aTLd Republic of Ire[d IFRSIO:IISecond ediiionl" rather than the Accounung and Rcpornng lTh' Chantic5: SMtcme4)t of Recornmcllded Practscc effective fn)rn April 2(K)S wthich has since beal Th1ththaW. Fund aefountl The Expendable Fndowrnt r¢pr¢seDts fwds pn1paIh. xam}ulal during th¢ first 21 %'¢ars of th¢ Charity. undu its TrLL8t D1 dd 14 Jan4]sTh' 1988. After d&e 5wLs hai"e beffl add through gains less Ioss45 on the inie5tnYnts held h. thi's EndowTh¢nt and from dOn•lu sIfiCall. rne w the EndoMin¢ni. In acrdance with the Tr1 Deed the Tr Ttw time . ofthe Trth Bowrd apY any or all of this FJthwme¥tl Fund for the Objects ofthe Charits.. Unresthcled Income funds are Unrestricted that wed in faOTdance with the charitable oiy'ectt"fves at the discrets¢)n orth¢ tr. Resth'cfrd funds only be wed Prticular fEStiiL#eAI Pur5 within the OF4'ts of th¢ tharity Re5tiictiuJs arise when srufieA Iw the d(¥tor or fimds we TaisI rpts¢U1#r resInct PUPKW. Funher explaOrt of the oattwe pwposeof ea¢h is in the no the f¢181 5thts. In¢ome All inme is rK¢)8nisgJ in the strnt of Financial A.%.]tiC5 the djan'ty. ha5 e¥Jtitl¢mtnt to the fwjds, tt LS probable that the itwrn¢ be T¢ri and th¢ allm)t be measwed reliablj. DO[l01L% are acCOted for rexeival. fEdairnable in re5PXt of cn.ft kn"d 15 &tounted for wlKn the income giving rise to the claim is receii"ed. Dividffld5 ar¢ rxQBn]S ce dexlar&L notificatiOR Iw the invesltnait of the th'Tridend yield of the ini&stment portfolio. Inr on fimds he]d on depc6]t is i1j] ieceil'able nonnalh. upx) notsficthort bv the bk. Legaci. income is Tgnised following the gmt of proba and Bthen suffici1 infornThts"on h&% been Teceiv&J to eale volu10Th of the Charity s entitlement Expetsdithrt Liabilitses a recognisa as ¢xpyJdtture as scm as there 15 a leyl or ¢rAwructii'e obligation conjmitiing the chan'fv" to that expdine. il is probabl¢ a transf of 0Th1¢ kn¢fiLS will r¢qwred in s¢ll1emI and the amount of the obligation can be rnUr Teliabl!.. EXd]lure is COWLbJ for Ix) &(luS trA%is &)d has been ¢181fied under h¢ath'n8s that a88re8ate all cts related the (ate80Th.' Where costs be di[1. attTibubJ P*tscuiar headin85 thv+' hai'e been all¢xated to xtiTritie5 IM a b&siS C(¥tsistart with the we of resowcts. 14
THE CHARTERED ACCOUlYtANTS' LIVERY NOTES TO THE FINANCIAL STATEMEN15 for tbe yer ejbded Nl September 21121 AccourING POLICIES (contittued) Grants payable are pavmwts to thiTd in fjtheran¢e of the clw'table d>jeLts of the Charity. A 8rtht offer is accrued once a8reed b). the TTU51e¢s and the Tethpitht ha5 been wl1.is of the arno1 aw'atded. Grants are subject to the recipient fdfilling perf01rnCe ¢(mdiiions are onli acctueAI the Tntses are sa¢isfied suth CditionS haNe be fU]fill and th¢ rlplt has t*en noiifivj ofthe gmi. sUprt costs include those thcwred in the dth. to kn. olrt ofthe CFwi"ty and indude cwninatson and I fees. Irre¢o&erable VAT is char8d again the e4pmdittwe hesth"D8 for wljith it in¢urrryl. Goittl ¢ODCtrn The financia] stawnents have beth prep (m a go9 corKern basis as the TnLslees bdiNe that no material certsintieS or risks eKhsL Th¢¥. have ¢(widered the I"e1 of funds hdd and the le7¥d of income and eXpditUre for 12 months from authorksin8 these financial statemaits. Finanda] Instrwttents Financiaj In5trumwts such as ¢th and debtols ue nure at thr pr1 i'alue of the amoutlts rxeivable. less an loknan¢¢ for the expected I.el of doubth]I I)"8b1. FInCIal ts4)ilitses suth as tre uethior& and 1<>8ns are measured at the pres1 vylue of the obligatson. Ini'esiments Hre rttogwwi initsallTr * thar tr10 idue •yJ suF6quth. mea5urd at thuT fair vue as at the balance sheet datr using quotoj mid.matk"et pftces • the close of bwine55 The Sta1•nl of Firwiaal ActiNiues include5 the net 8ain5 and losse5 atising on reialuati dis[1$ throughow the l'ear. INVESTMENT INCOME 2021 2020 Invests1 in¢ome D¢posii xcouThI inteTest 73313 15 72,882 272 73
THE CHARTERED ACCOUNTANTS. LIVERY NOTES TO THE FINANCIAL STATEMENTS ftsr tht yw ended Xl SepthDbtr 21121 GRANTS Creaie.. CHANGE..MATfERS & progrartttne forvOu carers 75 751 Mill1 Wemare Grfflts SBS, RM Poo]e 47 Squadron H&W Sea Cadets IHMS Dund&l Britsnnia RNC DarInth Lord M¥'orfs Ap Treloars TrusL 8nDual sion HOSe Schdarship Stheme Ironbridge Foundats Cit) ofLondon Acadw- E&). pri7 2nd L•ionslon¢ Scouts Bi8 CurN Lunch (i'la ABB Help Musicians (Si Ce¢ilia) Sheriff5' & Record&s Fd Gwlds 2020 5(X) 51X) 411) 3(K) 250 250 Cler. Support Tn* 2020 sPirIe1d5 Citi. Farm City. of London Police Widows & OEphw FWKI No Gw"nB Back {M¢rvrs} Lii'¢Th' s15 Link St Pauls. Cath Metropolityj Police Widow% Fd 8(X>th AnniversaT)' Tnth Award ShentTs' Challenge Prtze Sl Marv'5 STel Garden 250 250 21 2IM 200 150 21K) 16
THE CHARTERED ACCOUNfANTS' LIVERY
NOTES TO THE FINANCIAL STATEMENTS-
for the year emded September 2021
GRANTS Ifonti#wed
2021
2020
COVlI19 Emrgen¢y Groffts
The ChJ'ltho(¥J Eye CancttTn
Hugh Sexth's Hospitsl
Si'denham Mutuaj Aid)
G¢rTards Cross cornm1 SG)'ices L
Life C).de UK
Bloxham School Ltd
The Access Projeci
The Listening Place
Place2Be Fri¢nd%
Xmpenal Health Charits.
Aiiie n "¢Ling Theetre Comwv Ltd
Turner COntan]..
Queen's Commonwealth Tn
Ch]'d)ester Femii'al Theatye
mulb. School
Saliation Arrn). Harold Hill
The Drapets, Comp&b.'
Tr¢loarTn
Wetwhe¢ls Foundation
The FouTMlling Musewn
Northampionshire M51¢ & P¢rformin8 Arts TnNI
The London Earlv Opera CompwTh.
London FderS (iia Citi" ofLoth coritt0)
Big Curt). Lch {%18 ABF)
Cat7Ero
Defen Medic41 Welfar¢ SeTrices
DevicesDotNow" li'la Go(d Thlngs FOdan.l)
Future Hope Kolkata (ila Futsre Hop¢ UK)
Hostage Intern0[
Jamie's Farm
Leadusknp Through & 8]nesS
Royal Bntssh Lwon Industri
The Dolphin S
ThE CHARTERED ACCOUNTANTS. LIVERY CHARITY NOTES TO THE FINANCIAL sfATEMEN15- totythi1 for the yew etyded 3(1 Septtmber 2021 CK4NTS ItontiDuedl 2021 2020 COP71J9 Ewrgw Gruts Cih. of Exeter YMCA Ark. Globe Awlemj. Cirn¢est¢r Orkn Air Swimmin8 Pool The Bth's, Bri8ad¢ Vision FodIOn Christian Youth Enterprise5 Sailing ctre LiveTr Sthoo15 Link Sus5 Communitv Foutthti NHS Lii"et% KJ"ithffl (i'la Companv) Impenai He41th Charity. Si Mwi s Harth"p Fund Walton Fits Fodau. 2.51X) 2.50 763iXI Easi PKkham Method1 Cbwth Aidgate Primar%" S¢h¢x)I Beckei Pa8e4nl ISk]nners Malm¢slM]rv) J¢55ie M London Youth London Orth¢stra Helen Atkell Ruskin Mill Tru JBVC Foundatt"on Pembroke College ICAEW Lthel 4 Apprnticth"p SthTh Prizes Bloomin8 B10550ms Tn1 meth(XJi Homes RAW Workshop Futuie Hope Kolkats {vi& Futtwe Hop¢ UK) Pauls Concer Support Centre Th¢ c"ldren'S Ltter¥v Chan"tv Sir Stanlev MtheMs Foundation ISSMF) B J Brooks LeaderS'p Through Sport & BlnesS Unseen UK Small Chariti&s Coalition Londw's Air Arnixdance Charity SM'ans¢a Sea cets 3,3(N) IOD 18
THE CHARTERED ACCOUNTANTS. LIVERY NOItS TO THE FINANCIAL STATEMENTS- ¢oMIITrued for the yer ended JO SApmber 2021 GRANTS {¢o•tlnued) 2021 2020 Oihergrnnts 5ability' R&sources Centre Attivite&)s 2,769 Jamie's Farni- MPA short list Leaderslll'p Through Spons & Bwin¢ss. PAPA slK)rt li ICAEW Foundau'on 3 of 3 Challae T Brom]e¥' b). Bow. Ctre Foundling Musewn PhilosoFkn)' FodatiOn Sense (Wth)dside) Youn8 & Inspired Ha88erston scl UK Sepsis TnJl Clll"Idren's LiteraLry' Charitr*' . MPA short lisi RoJa] Nlon81 Spnngboard thJldTm5' Fth . MPA slKJrt li Monly ChariTh' . MPA short list Blue Watch Youth Hugh Se¥eY's Hospithl (Bntton Alt[th0) Sapphire Fowjdation Siobhsn Dai"ies Dance Safe Families Instiiui¢ of Fiscal StL¥thes St th.les Hospice (In M¢m WvnDiatt-Huse+) DT M Ghanth (ln Mern Lickissl Briush Heart Found8ts"on (In Mem Awworth) 2.SiX) 250 100 l(K) 51 279 050 LeddShip Throu8h Sport & BU"ne$S soUe to City Futu Hope Kolkth{i'ia Full Hope UK) IJ Totsl 249D 279 050 19
THE CHARTERED ACCOUNTANTS. LIVERY NOTES TO THE FINANCIAL STATEMENTS- forthe ytAr ended 311 September 2021 SUPPORT COSTS i'emance Totsis Support $ts 207 Supwjrt costs. includtsj in the abo)e. ar¢ a5 foUoNT'. Man8eAbent 2021 Support 2020 Totsj aaiiiues Share of Clerks, fees Expense5 relatsng io Bwts & Other cos¢s Bank & direrf d&bit d Legal F 15.0(M) 428 840 1,076 21J 2021 Supwrt 2021) Tota] a¢iii"itses Ind¢wdryJt examinth( TRUSTEES. REMUNERATION AND BENEFITS There There no trte£s, ren)era(ffl or knefits for the %"ew ded 30 September 2021 for th¢ )ear amled 30 September 2020. There M'ere no trusiees. pid for the )ear 30Septenkn2021 nor for th¢ yezr ended 30 Septemtr 2020. 20
THE CHARTERED ACCOUNTANTS. LIVERY NOTES TO THE FINANCIAL STATEMENTS. t4Milioutd for the year ettded 3(1 Septhnbtr 1021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricial Rcstricd Totsj fwjd INCOME AND ENDOWMENTS FROM Donatiu and legacies 151S)8 157.508 Iniesthxnt income Totsl 225.2 230.662 EXPENDITURE ON R"sing [d$ 8589 8,589 Clwltblt A¢tivltl Grants to institutes Support wsts 279.050 19,31PI 279.050 19.3( Totsl 3.948 306.948 Net 8auL51{1(w) (ffj In¢su1ts NET INCOMEIIEXPENDITIJRE) {8A715) (86.460) (168,195) RECONCILIATIOI¥ OF FUNDS Totsl brmghi fonvanl 221,324 2.051.567 2.271891 TOTAL FitNDS CARRIED FORWARD 1965 087 FED A&SET INVESTMENrs List Ènlesthrnts MARKET VALUE At l octob 2020 Adth"tims Disposals Revaluations 2g114P33 363093 {442ffj92) At 30 September 2021 COST AI 30 S¢pt¢mt¢r 221 At 30 Sep*mber 2020 1466.()93 21
THE CHARTERED AccouNfANTS' LIVERY CHARITY NOTES TO THE FINANCIAL STATEMENTS- ethitinued f•r the year ende¢l 30 September 2021 FIXED ASSET INVESTMENTS (eolbth) Listtd Inves1nts At M*rknt 2021 2020 Fixe4 Inieresl Ini'estment Trust Orth"naTr Sh 199J65 263,594 1.751,339 2J4L777 2 (114 l)33 There w¢re rto irti'estmuii assets outside the U DEBTORS: AMOUNTS FALLINC DUE THIN OIYE ITAR 2021 2020 Gift Aid recover&)le SundTh debtors Accrued income 261 179 7.391 2,871 Ji 22
THE CHARTERED ACCOUNTANTS. LIVERY NOISS TO THE FINANCIAL STATEMEI¥TS- ¢oDlinlI for tht year ¢¥ed 311 Sept•Dbtr 21121 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 70WI 29 70,(KK Other creAkn'tors 99J73 io. MOVEMEIYT IN FUNDS Na rnoiement At IS.21 1.10.20 UTrrtstri¢ttd funds Income fwid {47099) 87AIO Restricted fuDds soci Moknlity Project (5mll Endowrnient fvttd E¥txndable Endo1 fuDd IJ6S087 397063 U62A50 TOTAL FUNDS Net movemeni in rd4 Incl in alxve #IE &% followts.. Incoming Moi"antt)i in rdS eXpded 105se5 unSttted fidI Income fund 211N75 I2683) IOW79 (47m9> Restriettd SIKiai MobiliN Projecl FulurE Hope Kolkth (via Fkn Hope UK) Sou]re io Cits. 3A19 lJrtJ91 &424 (iU24) (S)1 Endowmellt fiuMIs ExFwdJble Endowrnii fimd 397J63 397J6J TOTAL FUNDS 219 4(17 23
THE CHARTERED ACCOUNTANTS. LIVERY NOTES TO THE FINANCIAL STATEMENTS- for tbt yev ended 30 September 2021 io. MOVEMENT I1¥ FUNtKS. eontimxd cOmptiva formowment l• fid5 Nei nKJ%em•t in fwJ& Ai 1_10. 19 At 30.9.20 UDrystrltted fim IDwm¢ fund 221.324 (81715) 134.(I)9 Restri¢trd fuDd8 Socid MobJ"liw kknje£t Endowment fundj ENpendable Endowrnii fund 1051.567 (86.480) 1.965.087 TOTAL FUNDS 2.272 891 Comparthve net in fun irKlud&J in the alM)we8re as folloNs.' Moi'anent Unrestiicted futtds IncKJm¢ futMI 225,662 (3(kn,948) {5,429) {8A715) Restricted funds s0cl Mokn"liN' Projtti EttdowmeDt fund$ EXpdable Endo7AmULt fimd (8A480) {86,480) TOTAL FUNDS 3(b 948 168 195 24
THE CHARTERED ACCOUNTANTS. LIVERY NOTES TO THE FINANCIAL STATEMENTS- eoniinua1 for thE year endtd Stpttmber 2021 ANALYSIS OF A&SEIS AND LIABILITILS PER FUND Y¢•r UnrtStri¢thl Restricled Fnd Endowment FuDd Totsl 2021 Fixd AsS- Ini&strtMts Currajt Assets Cu[rt liabilities 57,955 128.928 99J73 2.284.822 77.628 1342.777 2(kS.556 99.373 2.361450 Prioryer Total 2020 Fund FIX Assa- Investsts CurTa)t Assets Curmi liabilits¢s 49,846 170.027 1.965.087 2.014.933 175,027 12. FUNDS EDdoVrnllt Fund The Charl..$ Exd&b]e dl$1 is an fillKi held to gertera incon SUre th¢ stability" of the grani nlIn8 pro8ramme The Tnee5. ini"estmts)i objttuie is th¢refore to gil'e priorilv to pre5ervmg 8n¢l wljue pnthnL thcin8 the income from ini'estments so as io pro%ide full scope for chlble 8]vinB. kn.e seeking * leaA to Tn#inrt the real la1 ofthe witsl. Utsrestsete41 Fw¥l The )re$cleA incony (d repreSts free rew¥e5 ai'ailable io be dim1ibutl ty V4'a) of gmts. The Trustees iajd to sllpr lin no parncular order).. Cause5 introdu¢&J b). of th2 c th)d to cawes in wthith CrAnpan)' merntrrs are involi'ed caeS related to edu1 for all a8¢5, Vith core •)abling skn.lls suth &$ financi21 literw., num¢ia¢%' li1¢r. and digitaj 5ki115 Cawes Mill incre&e s(*ial allth'th wTri¢rty in rospt of djildrth w)d vouth in Causes Hthefe the grant v4.ill moke a sigmficant th"fftrth¢e Causes whith are &sswiatryl 1th the &¢ounta)tr professi. the Cir+. or th¢ Lii'ffj. li is the Trusttts. poliLS' thaL takmg one lear V41th another. oier a F¢n¢xl of time appToximate]i' )% of restyiaa in¢ome and ini"e&iment gwns less expuw should be distribut&l as grants. eXp¢nd bal bem8 hdd &% Unrestric1 Income funds. 25
THE CHARTERED ACCOUNTANTS. LIVERY NOTES TO THE FINANCIAL STATEMEN15. eonlknu for the yur ended 30 Stptembtr 2021 FUNDS leotytiDwdl Rtstrieted Durin8 the weviou8 )'eor the Charifv 1&e4v a d(wil of £5.(K) the of {'th the dottor restriaed to SUPkY)rtin8 social mobiliTh.. Thi's don&tion w"&s &1pded durin8 the currffit Near to t&erS'P thro Sport and Business. a ¢hmty. focus•J 50ci81 ft111ty iniiiaiiv¢& Dun'n8 the cu1 i.ear th¢ Charih. recei%"ed dmatsons for app[S ti1th weFe reStriCJ , donor5. The first W&8 for the Sour¢e2Cit¥ iiow de[k.l h. our M&stw. We receiid £5,IK)5 from our member5 for this purtM)5¢ and after co11ll costs £4. donatd the chan"Th.. The amountsn8 10 £3,419 was donl01L5 from Mernt for Futtjre Hope Kolk&a Ilia FUre Hope UK) in recOltiOn of the nwL}, i'aned and ini'aluabl¢ c¢Mtributsrns rnwje to the Compan%" lTr' P Master and fornKr Almner. Micthxl Fow'le. 13. RELATED PARTY DISCLOSURES The Charity. r&aied gifts of £nil 12020 £3,4(W) from the Chartered ACC0tsnts Compa. (2020 £3.336 in respect of cne third ofthe admjssion fines rtteivable from Freeman and Lii"mrnen £73 under 8Lft aid b"D8 equal to bank interest bw" the CompatP'l. The ChariN" owtd £l1:965 to the Chartered Ac0)unts Companv on cumi a¢cDuni &s 30 Sepwtther 202112020 the Chatih" £2,871 bj" th¢ Compam."). There w&8 Do veall (• th¢ £70.(K) 10t¢ free lo from the Chart¢rul Accountwts COmpY in 2021 or 2020. The Charifv rnJe 8 th)nall( of £4.M> (2020 4m"l) w Source 2 Cipy a fut#l raisM ¢vfflt W)denak bN' Truse Graem¢ TrTrrd( for The GRG GeDml Relief a Ch1. of ts"th he is aTnw¢¢
THE CHARTERED ACCOUNTANTS. LIVERY DETAILED STATEMENT OF FINANCIAL.4CTIVITIES for tbe year ended JO Seplember 21121 2021 2020 INCOME AND ENDOWMENTS Donati(w mosdy from m¢rkn ofThe Ch8rter&l Acco18n. COM%. Don•i(Ms from th¢ Chartsral AC£0nts, Cotnpanv 144671 154.(V)9 I471 157.508 Invejtment in¢(one In%esuTha)i income Deposit accouni iThi¢res1 73313 15 72.882 272 73 Total iD¢omiDg resourtej 219W9 230.652 EXPENDITURE Inv&stment man9gemt fths 8,589 Grants made 249JYJS 279,05U Support eosts M8nagement Share of Clerks, fees Exrthse5 relatsng 10 grants & awards Other costs Banl & dire¢t d¢bit cbarge5 Leg8J Fee5 15,(MX> 428 11176 20J67 16.IXP) Governanfe costs Indepen1 examinati Tots] resources eXpded expetydlthre ljefore io (6{178) {7Q286) R1]sed rt¢•gnivd gmins losses R]sed gajnslllosses) on fE¥ed asm tnTr'¢5tmrnts 407 Net IKonwJ(expeDdllur¢ 168 1951 27