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 CHA￿Ty 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' LIl￿Ry ADMINISTRATIVE DETAIIS S¢*tys of the C**iity The Charity £￿￿lIUbj by Trust Dee￿ ￿ 14th J&)uary 1988 the thai Masw and S￿Ilor Wardffl of the Worshipful Compan%. of Chartered ACCO￿￿￿1$ 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￿$￿ed * the Charity. C¢)mmission for Engl￿d Wales. The Court of The Charttr￿ Accoun￿ts. comp￿%. ap￿￿ts the Tn]ste¢s. There mwi be no few'er three and tho" musi be Lil.eTh'm￿ of The Chan¢fftl A¢￿￿￿]ts, C¢)mpam.' Unless the Court deterniine5 otherwryse, IM"0 of the TnLsiees shajl be the M&sier and the AIrn(M￿r for the time being. In Dttember 2021 the Court agr*J thai for 2021-22 S￿l0r Wardett RJth*d Green sh￿id be a Tr￿llee irt place of the Master. It is the presaii prxtice of the Cowi to apwnl other Tn￿te￿ of are Court Assis￿ts fow of wthom are not Court ASsiS￿ts at the tsme of th¥r aP￿in￿n￿L for three i'e8r t¢rn¥ of offi¢¢. mew.able for one iern The Clerk to the Trusiees M￿ageS the admJ"mstra¢ion of the Clwi"Th and th￿e are no ￿￿pIoN￿. Th¢ TnL8tee5 nomiallv mea four llTr￿ a Near. Th•. appc*ttl Ad&isory p￿d$ w wisi them ￿1th t¥￿. * on¢ Panel memlxr must be a Trus*e. Objects The legal ObJ￿ts 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 advancem￿1 of reli￿On 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 Tns*e5 sup￿￿ (in no partscular ¢xd#l." Causes introduced tfj. nrrnbry5 of th¢ Comp￿% snd ¢au5es In wlu.th Comp*Th' 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 s￿la1 m¢)bility and ￿ley14t¢ ￿}.4>￿. ID rw ofthildrffl 2nd in neal. ca￿e5 wltere the grant will make a $i￿1r1¢•I1 th"fYmce Causes Thfv"¢h are &8so¢iaknl Mith the x¢oun￿¢V professiwL the City orth¢ Liv￿. Public bellefit stafrme#t As of a Pthlic Bw¢fit Fntiti.. the TrUS￿ts c(mfirm that we hal'e referr&J ￿ and complied with the guidance conian&J th¢ Chan'ty Commissi(￿'S 8en¢rz] 8uidance ￿ public knefii WITh rth'iewing the Chanty's obJeclhTres. in plmng firture Xtsvitses. *id F+lM setting the grwi makm8 pohcy for the ear As Trustees we are Tr)1 resth'ded in ow inTr'45tnwt THE CHARTERED ACcOu￿ANTS. LIVERY CHA￿Ty ADMINISTRATIVE DETAILS Conthiued Trn$ttts Dr Hi14Tr' Linds¥v (apwn*d 8 octtsb￿ 2019) Chw"Tman and the Compan%." 5 Alm￿￿ fTom 7 Ot￿ber 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)In*d 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 ASSIS￿1 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 Ch￿l￿".11 xcountsntsli%eTr'.OTg The R04'81 of Scotland pl 62. 63 Thre*lll￿e Stre EC2R 8AH 1nVdtn￿tsÈ Mats*wi & Custodlan Trwlet Qw"Iw che17￿ Limi*d S¥Jaor House 85 Quttn Viaryia Str¢¢t EC4V 4AB Independent Elizabdb lTh'itie Verulam Point Ststson Wal. St AibaL H￿fLYd$bl￿ ALI SHE eEistetYd in EnOknd & W*le8 Clwity Nmber 327681 THE CHARTERED ACCOUNfAN75' LIITRY REPORT OF THE TRUSTEES For the yew tDded SeptUDber 2011 The T￿￿ttt$ kyesefti ow rq)ort for the ycar alded 30 September 2021 together iiith the Charity s fuwiciat s￿ern￿ts. The rinanoal sh*ments haye bm prepared in a￿ord￿Ce Mith the x¢0￿ting ￿lIcIeS se¢ out in note i to the fi￿nCIal 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 Ststern￿ts 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¢ 8r*eful for all she has d￿C ￿ 9￿pOrt 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 b￿ler ￿. 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. of8r￿1 appli￿lonS 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 rec*i"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 Comp*Th. $ pra¢u¢ai objertsi.es Set oui in ILS Mission Swern￿l indude wiing somethtng back" ￿ 50ath". directsng TI￿nber5. effoTLs and [￿dS io releNan( S￿￿inable causes and coMM￿lI1¢S and In'wng the sk'ills and ￿PEr1￿Ce 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 comp￿1. 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 Indepe￿denti￿. of then We are aw'are that there are pot￿￿￿1 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. le*Jerth"p. integnts". d&i5ii)n mak"Ln& ti5k and c(xJtrol: ¢ffeaiI,￿CsS. equ8Jity'. diversitv and jnCl￿iOn. and op&me5s and wwitabilits.. The TnL%*es rwmse our duts" to keep up io date with dth.e10pm￿ts in charih. law. We ad appropriwdN' in rdaDm io conniQ of interesL T￿￿lee5 r￿ell'e an induthion d￿mbing the athivitie5 ofthe Chsrity. and TrLLStets' res[A￿SIbilI￿¢s. FUNDRAISING As s￿ed. 8Jmosi ajl the Chan"t% s dOnats￿ income comes from Compam.. rnember5. When prnspeLXiTre CompatN.' M￿berS are intm'iew&L th•. le￿ that in norn￿ CiT¢umstsnces Comp￿.+" membus are expec￿1 ￿ mak.e an amua] to Chari lllch, before 8ift aid is add4 is ro￿h]1' ¢quii'aient io the annual quanu4e ￿'able ￿ the comp￿.. THE CHARTERED ACCOUl￿ANTS. LIVERY REPORT OF THE TRUSTEES For tl* ywended Stptember 2(121 The Charits. has $￿cessfUll5. xcumul*¢d w] cwdable erthwTrent r￿d in excess of £2 million. increasing the Chantv"s impact 7AiII be ￿ured if this f￿d is incre£8ed 5ub5thllti8]h. oi.er time. Eath l'ear the Charir). eXp￿ts to distribthe most of the annual d(￿atiOnS from munbers plus th inwme 8eneratyJ from the existing capitd r￿d. To extend our charitable reach land there is a conDnuin8 WKI dernand from v4"Orth￿￿1Ie causes) need io Increase ow capitd fund more income. Ihe Chants" (mli. do th* if memkn ￿l"e us donaDons and lea¥e u5 le8acÈ¢5 in thar wills. To aid this proce￿ on 8th j￿%. 2021. the Tnl5￿ Cro￿ a separnte f￿d- to be known as The Cork Fund ITwn41 after Sir Kennah Cork" & foL￿der of th¢ Lii"m" CornpwTr.' Lord Mavor in 1978-791. The legacie5 and d(M￿lOn$ made ￿ this Fund although remaining w of the expa)dable ofthe Charih., are intended to be Tetained as capitsl io s￿er?le income to 5￿pleM￿li w)d increase the atmual funds aiailable for disthbution. It is hotd rn￿berS ￿711 le&Tre legxies and maL'e ¢)ne4)ff du￿b.OnS to the Cotk" so il tttomes a signifjcant pari of th¢ capital b&se for the ch￿1￿.. The fwl was not ¥ts've during the >e4r ￿jer reliew" bul Mill be la￿dIed to rn¢mFEr5 during the coming Jear. Compw. members have a8ain been genero￿ this year &8 a resulL [C￿1v￿ unte5knc*d drmatson Incon￿ of £138.247. Mosi w.as in re8ular a[￿Ual th>natsims the iothl incl￿ a little oier £2,IKK) in one￿ff £80(l Or￿￿'th was a le8ac% from the esth* of the l&¢ John Holland Mith the balance bej.ng furthu wntrIb￿ions made bj. Mem￿[5 to supplfflneni the £75,(NJ) Wave 2 Grant pro8Tamme mmti(mal belo￿. The comparabl¢ figure from the pre￿0￿ Tr'eat w'as £152.508 £9.IMX) of this corn￿8 from (me•off ¢(ffitnbuDOtLS from n*mber5" these ￿ther ieflected savings thth" had made from Trot attending dinnus or Conmbutt￿S tha. m￿e thth" attu)ded on-line lii'm. J'ents We hai'e not &sked foi Arti. such c. The T￿￿tee5 had aJre&h" m&Je a Wltributim of £l,(KX) some Tmmths ¢aAier. A long-temi wei of the Tr￿Slee5 been io seeL' io m*¢h the Compani. s quanerage Èncome in the same J ear w'ith the re8u]ar dortatiths from our mernber5. The 202U regu]at fi8W¢ Mx% Soff￿ £1 I,(KK) less than the Companv 5 quarterage income while this %'ear. de5￿te the slighdi" loH"er in￿rne kn the Chan"ts., the gap has re4uced io ar0￿d £8.1￿0. The ongojng mov¢ in the ri8ht diTEctton Ks in the the Court no longer feels the ChwiThr ne&ts io be supw)fted ￿1th one-third of the Admi"ssith Fines r￿¢11￿ from new. Freernen and LiTret%"moL Hthith had Previo￿1). receiioj. THE CHARTERED ACCOUNTANTS. LIVERY REPORT OF THE TRUSTEES For the year ended Septhber 2021 GRANfs AWARDED The ChariN' 5 fornRi 01yec￿ the c￿L￿ we tend to SUNM)rt are set (xrt ￿ tO8e l. The detsils of ajl the recipifflts a￿ included in the finaDcial $￿an￿ts. Mosi of the grants gawe ￿S￿prisIng1I. fell into more than one ￿e80Th.. We thou8ht members ￿'¢mIld be ]ntrts￿l in kno*in8 of grani iotsl of £249,005.. 73% was io ￿¢3 tmntws ofthe Comwn.". 71% Mas ￿ cau￿ r¢lw¢d to ¢duwion for dl a8 65ty/o to cause5 incre&Yd 50ciaJ mobilih.: 8(P/fy to ¢ause5 wthere the 8rant mth o Si8Difiwii diffewce. I￿/0 was to UUSe5 ￿0¢la￿ ￿1th th¢ profe&sion. the CiTh' or the ￿.1"ery. MaJorwojEct The Trustees ￿e a large prop￿0￿ of the Chan"ts"'s a*ailable [￿d$ exh i ear ￿ mak.e a substhntiai impaa tn support of a major prOj￿L expectsng ￿ Continue the sw)pcd oi.er three %'eats. subjeci to the Tnjstees. decision each )'ear b&4*J 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 (I￿lU￿.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 re￿back from the firsi vear s actii'its4 the sec1￿d £7i.(m V4'&S pwd oi.er in Septemkn 2021. The pro8Trm￿￿ w.as lo hai"e been face to face but the p8ndemic me￿1 it preparal ddiTrer•J. I"ir¢ualh" {une¥pecte4lls"18nd, penNtt& face to face (&$ a*p￿ted). FMergen£ygran15 in relaiith k) Cowd-19pvthi tn 2019.20, in re5Wn5e to the fitst l(*kdtswL Tr￿leeS 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 a￿ard￿ to chaTitse5 or projxts in wljith Comp*N.. 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 Utrestrict*J fund W8n¢e to set &side a further £75.(XX) $0 that this prts￿)Me of ttnergth￿. ¥rn)i-gJ%'mg o)u]d be coniinued during the se¢ood wafve of the pandemic The amouni w.as Ir￿r￿ed to £76.21X) ￿ ¢ontributs¢xLS m* h. rnbers of the Coryanv. Detsils of the 22 ch￿'ti¢5 ￿'e 5uprM>rted (2020 26 chan"tse5) are llhduded In the XCOUR THE CHARTERED ACCOUNTANTS. LIVERY REPORT OF THE TRUSTEES For the yegr •ded September 2021 Bur5ories Il is importaftt to ow prof¢ssion th• te¥her5 in UK ￿li¢￿t￿¢S ITrd￿e Ch￿red Aw)untants Th¢ Charit¥ therefore pro￿]deS bur53Ties to ICAEW chart￿e￿ Accountants pursuin8 D(Ktorai studie5, th￿8 &55istin8 them to construct fimding arrangements to them lo stith. for p05t-gTwJuate degree5 in &co￿tan￿..related topics, and herhce to deTre]op ¢are¢rs as te¥h¢rs and r¢s¢arth¢rs in UK unii'¢r5iti¢5. Th4x burwies ar¢ t¥pi¢allv ￿ about £5.OlJ) pex annum for a ￿riod of up to four i'ear5. CsThlidates are 5elextd from applicants ￿. a panel w4kn.ch include5 and acwjernic &d￿lSer5, considerable &%sist8nce from ICAPW. This ¥e8r the ￿deMIC agwn reduc&1 the number of inditsiduals apph.ing for support and some haie had 10 thk¢ a br¢4k dwin8 th•r Sti￿1¢$. 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. Comp*Th.". 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 f￿dS ofthese units. wthich were a￿arded £7.(th in the i"ear12020 £10.51X)). Cotsses related 10 fthe CityofLoth anditssAtrrthLnding &Y￿ll* The Chzrity. SUp￿ts a D￿rnb￿ of Cal￿ CLThecte41 the City. of LAxmI￿ and its sUrrou￿lIng 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 m￿e an addIti(￿l £l,(KK> d￿￿10n in re5F¥￿e to p￿deMiC.rd￿￿ fwjdrw'sing chdlajges faced ￿. The Lord Mavor's ApFtal. Othergr¢7P In addjtion io the a￿1.4 the TnL51ees rnak¢ ¥ number of othw gr￿ts 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 r￿1￿thts. 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%ILM￿s. rece4vd a restriLted g[￿l THE CHARTERED ACCOUNTANTS. LIVERY REPORT OF THE TRUSTEES For the year ended 30 S*p*mbtr 2021 INVESTMENTS AND INVLSTMENT OBJECTIVLS The TTUStees, h￿lftg regard ￿ the athice of the Tru5t"s iniestment ￿1.15• dewrnine inl'esthi￿t policies and have deleg*ed discrets￿aTr" authoriTh' to our adTriser5 Our prtsfflt ini'e5mMt is io mainthin the ltr'e] of inTrestment income (hai"mg regard io our 0)Mmikn￿t to fimd grants). balanc￿ with rnaintsintng the gro*th of the portfolio at a mediwn risk level. FINANCIAL REVIEW AND PERFORMANCE The Charity's income for the lear wded 30 Sepiemt*r 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 I￿0 %eats. from our major projec( th¢ ChariD' has made grants to around one hundred aThl thirt%' cawes gains. the Chatt"ty"'s excess of eXp￿ditUre oier In￿Me 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 Tru5*es' principal b&)chm&rk is the MSCA WMA Pri%ate IniestOT Batancd Ind¢%. The p)nfdio (mJt*erfo￿le￿ 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¢) lnie5th￿￿t Portfolio S￿0d * £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 li￿d fim&. The Charih. Continu￿ to bfflefit from an free I￿1 fiornThe Chart￿ed Ar￿￿￿)ts. com￿} Ml)ich wnounted to £7(),. 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: r￿l￿￿ed 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 I0￿h bodrd re11ew" pr(tess: agreed a skills auth"I templa* for cornpldion IA. ¢urMi and prosFttUi'e TnJsM' Supp)N￿ the updaial Tn*iee reuuju￿l wocess h& now bea) a￿d b)" Coun. The final principle in the Chan"ty &)i"em8nce Code is oF•￿e$S and Accountsbdity. A elem￿1 withitl that Ès mmwii¢a¢iii8 effectii"e])". The Trusiees invtted the p&%i CUTh￿1 chai￿ of the Compans s Comm￿lCa￿0ns Committee. I¥JL Dalies and Da￿ld 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 Wo￿te 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 bert￿1t%. for chairs ￿ shate thpththce5 and leam from eth othtr thTough quaneTh' wtsrkshops, an annual confer0￿¢, infornul ifrop-in sessi￿5 and a Wh8tsApp group. The group now. h&$ #Tow￿ 50 members from 40 th"tT¢reni mpam¢5. 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 sen0￿875. impair our abÈlity' to adtiei'e obJects¥a and hai"e ￿ur￿l the Chsrity s s?'stertts ahable these risks io be managed. The main income sources a￿ donalions. I￿lUth"n8 rexoi"m', ini"¢stme41t i￿0￿. 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 T￿￿te£S irjtthd to main￿n the preseni lewds of reBular income and ￿K￿ditUTe 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 rd*ed io th¢ City. of L￿dI￿) and its surroundE'n8 IM)roughs. Followmg the su¢cesg and of the fJN EM￿SenTh G￿t 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*¢ EndoW7n￿t Fund for L￿les. The Comp￿￿.. has estsblLthed the Cork Club Steering Grw> to the d￿elOpm￿l pron￿￿￿) of ￿.5 ¢ompaThs'_wide inillatii'e and membus will be advised of the $￿fiC WOTth"ng MDuld ne41 in am" I￿￿Sts. ifthey Bish their ￿'ftS to go to fimd. STATEMENT OF TRUSTEES, RESPONSIBIUTILS The TnLS1¢¢5 we reswisible for prepanng the Re{￿ of the Tns*¢5 and th¢ financiat Staiements in accord￿te with 8pplicable lam" and United ￿"ngth)M ACc(￿lIng Stsndarth Iunifrd Kingdom Genera]l%' Accepted ACCO￿tIn¥ Pracucel. The law applithl¢ to dwi"ti&8 irt & Wales wuir¢5 the TnL51¢e5 to prytre ruw￿18] for each fjnancial year which 8iie i true and fair i'ith of the swe of the offaiT5 of the Char]"h' of the incoming resources and applith'on of r¢50wees of the Charity for p￿10￿ In preparin8 these fujanoal ststemaits, the Tnfftees are wuir¢d io. selea suityble accourtling poliLats tha) appli" them wJsiswd%': obsene the methods &)d pnnciples in the Chanties SORP 2015 IFRS102) {Second &th"ts￿). Make1￿jgeMe￿ts esillnatrs th* are rewrtable and pr￿eThE siale w'hether applJabl¢ acco￿ting st￿ and stateM￿ts of Tecommthded prxtice have b￿ followpl subject to hnv materia] departw¢s th'5clos&J and expjwned in the finanaal s￿¢M￿lts. and to prepa￿ the finan¢iaJ 5tstements LYJ the g￿rt8 C{￿Cern b￿"$ th)less li is tnappn)pn* to Presumeth￿ the Charity will Contin￿ in The Trusiees are ￿pOnSIble for kewng ￿0F￿r xcounting rec(vds disclose Mith T¢￿18b1e accuracv al allv time the fina￿￿￿1 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 re￿nable 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 Tr￿sIt¢s know, th¢r¢ is no Tel￿.#￿1 inform&1￿ of Ththich the Indep￿dern ￿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 Inforn￿￿On and w es&blish that the Inde￿dent examiner is aware of th&t infomwi¢)n. INDEPENDENT EXAMINER The Compam."'s Court and the ChaTJts"'s Tr￿Stee5 are agrthl a matter of poliry it is %n5ibl¢ for the iwo OTgani5ations to appoint the same Indep￿d￿lI Examinu. In 2020 WMT Chart¢red AcCoUn￿ts wer¢ aprA)inted ￿. Coun and bs. the Truste45 In(w￿￿t 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 ha￿e sup]ffied the Charits. during the vear. In p￿1¢￿]ar we are gr￿eful ￿ the neF Fre¢rn￿ eix*d during the s'ear hai'e enthusiasu¢aili' choserk to contribute to the Chanl)" and ￿ martbus hale to genero￿51% 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. COMI￿V membeTS others wtho made fin8ncisl contriiwuon5 in the l'ear are namgj ¢m pages 28 and 29. Tr￿1¢¢5 hope that an). CompwTh" members noi nuking regular witributions ￿ th¢ Chan"Iv will coAsider d¢Jng so m future q*owa8e 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 Limi￿1 for its CZTE &% discre110n￿ many of our investhl funds. On bthoifofthe Hllary Iinds*y Chaimian..41monu ofthe Charttted ACCO￿ts, 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 Ch*rlty I report io th¢ trLLSLee5 on m¥ ex&￿Ina￿on of the f￿￿1claI swern￿ts ofThe ChaneTeA Accowiw)ts" Liiery Clwity I'the chariTh I for the vear 30 Seoemtr*r 2021 wmprise the Sta*M￿l of FinanLiai Activities, the BaJatk¢¢ Sheet and rela*d t￿1¢5. This re￿)n is made soleh. ￿ the charity 5 In￿1￿$. ￿ 4 both.. In xcordllncc Mith se¢tion 145 of the Ch•nts¢s Aci 2011. MI. WOTk h&$ becn ￿de￿akell 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￿.¢ fortn*l. Respooslblliti¢s b*sis •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 res￿1 ofm%' ttxatmnati¢M of the dwi't). s finwual $wem￿ts 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 a￿ts"10r considws gii'ing their opinion on th¢ fJnAnctal ststemetjts. The planning conduct of auth"18oe5 the limitrA assurance that an IrtdeF￿d￿t examination can profvide. I wress ￿ 0￿￿on as to wbah¢r the finwxial pres￿1 a 'In￿ and fair. view. and m) repon 15 liThuied to those Sp￿AriC 5a Out in the iDderAJkn( aaminLY 5 Stalem¥y. Indtptndent ex*winer'5 Statewi I haie completed m). £¥aminats¢n. I no maaial motty5 have come to my Jttthtson in conn￿11￿ wqth the exammauon wvirtg me caw¢ to believe in arrj. rnaterial resp￿1.. accoimting [￿OrdS WEre not kw in r• of the dwits. as reqwred bv section 130 of the A¢" or the fin￿Cial 5tstemthts do nol ￿tsrd with thc6¢ rexords. or the finwtriai statan￿ts do com&l)' with the applicaile rquirtsi￿ts ¢x)nceming the fonn snd cont￿1 of acCo￿ts sd out irt the Charities (Acco￿S 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 e￿￿rnnattOn. I hale no cmcems ha%e t¢￿e xfoss no other mall¢r5 in Conn￿1￿ with the examinalion to attaitith) Should be dr•n in this ret*Nt in order to ￿￿￿e a prow ￿derS￿d￿g ofthe fmancial swernents to be T￿th￿J. Etizabeth Inine FCA WMT Chartered A(tO￿ts 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 R￿trICt￿l En&)Nmart fthj ruT INCOME AND ENDOWMENTS FROM Don*ions and lryxies 13U47 IW71 157.508 I￿￿¢sts￿l income 73 Tolal 211A75 8824 219099 230,662 EXPENDITURE ON R￿Sing funds In1£stn￿l man48em￿l f￿5 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) ￿ itivests￿ts 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 lniestm￿ts S7￿ 4284022 4341777 2.014.933 CURRENT ASSETS Debiors Cash * baDk 31382 31282 15.193 77 77ffj28 175.027 CREDITORS AMo￿ts (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 r￿dS EndowThent fun&$ io 87Jl(I 134,(K>9 5.(K)O TOTAL FUNDS The f￿￿ClaI ststemums were approvAI Iw the BLwd of Trus*es thMhonsed for issue on 5 April 2022 and wue si8ned on its tthif by.. Hilary Linds4. Ch¥irm*TI Atmonu ofthe Charterd Accom￿ts Comp*ry 13 THE CHARTERED ACCOUNTAIYTS. LIVERY NOTES TO THE FINANCIAL STATEMENTS forthe year ended 3(1 September 2021 ACCOUNTING POLICIES Basis of prtp*rl￿ the finattdal st*iemeMts The fu)anciai $￿ements of the thariTh. *'hich is a public ￿￿efit entit}. ￿der FKS 102, hai"e prepar￿ in accordance with the 'ACco￿tsA¥ &)d RepornDg tfj. Chan"ues'. Sth¢anffli of RffOmm￿d Practice appllcable to chsrities prepann8 ththr aCCo￿ts In Zaord￿¢¢ with the Fin8nciaJ Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021 {Sec￿d ￿Ill￿tI.. Fin￿Cid Reportin8 SLgndaTd 102 The Financid Reporting Standard applicable in the UK and Republjc of ITelaDd' and the ChariDes Aci 2011. Th¢ fllwicial St8￿M￿ts ha￿e bea] prepar&1 under the histonL*i cost with & ¢XCeptil￿ of fftnTre5ttnfflts are Tr8lue. The financi￿ statements hai"e been prep￿t￿ to gii"e a"Inie and fair i.iew and haie depaned from the Chariues (A￿O￿ts and RepoTts) regulatsons 2(M)X to the ￿¢¢￿1 requir￿1 io proiide a 'irue a￿d 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 pn￿1paIh. xam}ula￿l during th¢ first 21 %'¢ars of th¢ Charity. undu its TrLL8t D￿1 d*d 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￿ s￿IfiCall￿. rn￿e w the EndoMin¢ni. In ac￿rdance with the Tr￿￿1 Deed the Tr￿ Ttw time ￿. ofthe Trth Bowrd ap￿Y 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 Pur￿￿5 within the OF4'￿ts of th¢ tharity Re5tiictiuJs arise when sr*ufieA Iw the d(¥tor or fimds we Tais*I r￿p￿ts¢U1#r resInct￿ PUPKW. Funher expl￿a￿Ort of the oattwe pwposeof ea¢h is in the no￿ ￿ the f￿￿¢181 5th￿ts. In¢ome All in￿me is rK¢)8nisgJ in the str￿n￿t of Financial A￿.%.]tiC5 the djan'ty. ha5 e¥Jtitl¢mtnt to the fwjds, tt LS probable that the itwrn¢ be T¢r*i￿￿ and th¢ allm)￿t be measwed reliablj. DO[￿l01L% are acCO￿ted 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. In￿r￿ on fimds he]d on depc6]t is i￿1￿j￿] ieceil'able nonnalh. upx) notsficthort bv the b￿k. Legaci. income is T￿gnised following the gmt of proba* and Bthen suffici￿1 infornThts"on h&% been Teceiv&J to ea￿le volu￿10Th 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 exp￿din￿e. il is probabl¢ a transf￿ of ￿0Th1¢ kn¢fiLS will ￿ r¢qwred in s¢ll1em￿I and the amount of the obligation can be rn￿Ur￿ Teliabl!.. EX￿d]lure is *COWLbJ for Ix) &(lu￿S trA%is &)d has been ¢1￿81fied under h¢ath'n8s that a88re8ate all c￿ts 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 ye*r ejbded Nl September 21121 Accou￿rING POLICIES (contittued) Grants payable are pavmwts to thiTd in fj￿theran¢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 arno￿1 aw'atded. Grants are subject to the recipient fdfilling perf01rn￿Ce ¢(mdiiions are onli acctueAI the Tnts*es are sa¢isfied suth C￿ditionS haNe be fU]fill￿ and th¢ r￿lpl￿t has t*en noiifivj ofthe gmi. sUp￿rt costs include those thcwred in the dth. to kn. o￿l￿rt 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 go￿9 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 eXp￿ditUre for 12 months from authorksin8 these financial statemaits. Finanda] Instrwttents Financiaj In5trumwts such as ¢th and debtols ue n￿ure￿ at th￿r pr￿1 i'alue of the amoutlts rxeivable. less an loknan¢¢ for the expected I￿.el of doubth]I I￿)"8b1￿￿. FIn￿CIal ts4)ilitses suth as tr￿e uethior& and 1<>8ns are measured at the pres￿1 vylue of the obligatson. Ini'esiments Hre rttogwwi initsallTr * thar tr￿￿10￿ idue •yJ suF6qu￿th. mea5urd at thuT fair v￿ue as at the balance sheet datr using quotoj mid.matk"et pftces • the close of bwine55 The Sta1•n￿l of Firwiaal ActiNiues include5 the net 8ain5 and losse5 atising on reialuati￿ dis[￿1$ throughow the l'ear. INVESTMENT INCOME 2021 2020 Invests￿1 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 DarIn￿￿th Lord M¥'orfs Ap Treloars TrusL 8nDual sion HO￿Se 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 F￿d Gwlds 2020 5(X) 51X) 411) 3(K) 250 250 Cler￿. Support Tn* 2020 sPi￿rIe1d5 Citi. Farm City. of London Police Widows & OEphw FWKI No Gw"nB Back {M¢rvrs} Lii'¢Th' s￿￿15 Link St Pauls. Cath Metropolityj Police Widow% F￿d 8(X>th AnniversaT)' Tnth Award ShentTs' Challenge Prtze Sl Marv'5 S￿Tel 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 COVlI￿19 Emrgen¢y Groffts The ChJ'ltho(¥J Eye CancttTn Hugh Sexth's Hospitsl Si'denham Mutuaj Aid) G¢rTards Cross cornm￿1￿ 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 M￿51¢ & P¢rformin8 Arts TnNI The London Earlv Opera CompwTh. London F￿derS (iia Citi" ofLoth cori￿tt0￿) Big Curt). L￿ch {%18 ABF) Cat7Ero Defen￿ Medic41 Welfar¢ SeTrices DevicesDotNow" li'la Go(d Thlngs FO￿dan.￿l) Future Hope Kolkata (ila Futsre Hop¢ UK) Hostage Intern￿0[ Jamie's Farm Leadusknp Through & 8￿]nesS Royal Bntssh Lwon Industri The Dolphin S io,0( 5.050 S,1￿0 5.(K)O 17 ThE CHARTERED ACCOUNTANTS. LIVERY CHARITY NOTES TO THE FINANCIAL sfATEMEN15- totythi￿1 for the yew etyded 3(1 Septtmber 2021 CK4NTS ItontiDuedl 2021 2020 COP71*J9 Ewrgw Gruts Cih. of Exeter YMCA Ark. Globe Awlemj. Cirn¢est¢r Orkn Air Swimmin8 Pool The Bth's, Bri8ad¢ Vision Fo￿dI￿On Christian Youth Enterprise5 Sailing c￿tre 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 Fo￿dau. 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 Tn￿1 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 M*theMs Foundation ISSMF) B J Brooks LeaderS￿'p Through Sport & B￿lnesS Unseen UK Small Chariti&s Coalition Londw's Air Arnixdance Charity SM'ans¢a Sea c￿ets 3,3(N) IOD 18 THE CHARTERED ACCOUNTANTS. LIVERY NOItS TO THE FINANCIAL STATEMENTS- ¢oMIITrued for the ye*r ended JO SAp*mber 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 Challa￿e T Brom]e¥' b). Bow. C￿tre Foundling Musewn PhilosoFkn)' Fo￿datiOn Sense (Wth)dside) Youn8 & Inspired Ha88erston s￿c￿l UK Sepsis TnJl Clll"Idren's LiteraLry' Charitr*' . MPA short lisi RoJa] N￿lon81 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 Ledd￿Ship Throu8h Sport & BU￿"ne$S soU￿e to City Futu￿ Hope Kolkth{i'ia Full￿ Hope UK) IJ Totsl 249D 279 050 19 THE CHARTERED ACCOUNTANTS. LIVERY NOTES TO THE FINANCIAL STATEMENTS- forthe ytAr ended 311 September 2021 SUPPORT COSTS i'emance Totsis Support ￿$ts 20￿7 Supwjrt costs. includtsj in the abo)e. ar¢ a5 foUoNT'. Man*8eAbent 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 tr￿te£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 Septemt*r 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 Rcstric*d 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 Clwlt*blt 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￿¢su￿1ts 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 F￿ED 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 2￿21 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 Inves1n￿ts 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- ¢oDlin￿lI 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 Endo￿￿￿1 fuDd IJ6S087 397063 U62A50 TOTAL FUNDS Net movemeni in r￿d4 Incl￿ in alx*ve #IE &% followts.. Incoming Moi"antt)i in r￿dS eXp￿ded 105se5 un￿St￿tted fi￿dI Income fund 211N75 I268￿3) 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 cOmp￿tiva formowment l• fi￿d5 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$ EXp￿dable 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 F￿nd Endowment FuDd Totsl 2021 Fixd AsS￿- Ini&strtMts Currajt Assets Cu[r￿t liabilities 57,955 128.928 99J73 2.284.822 77.628 1342.777 2(kS.556 99.373 2.361450 Priorye*r Total 2020 Fund FIX￿ Assa- Invests￿ts CurTa)t Assets Curmi liabilits¢s 49,846 170.027 1.965.087 2.014.933 175,027 12. FUNDS EDdoVrn￿llt Fund The Charl￿..$ Ex￿d&b]e ￿d￿l￿￿$1 is an fillKi held to gertera* incon* ￿SUre th¢ stability" of the grani n￿lIn8 pro8ramme The Tn￿ee5. ini"estmts)i objttuie is th¢refore to gil'e priorilv to pre5ervmg 8n¢l wljue pnthnL thcin8 the income from ini'estments so as io pro%ide full scope for ch￿l￿ble 8]vinB. ￿kn.￿e seeking * leaA to Tn#in￿rt the real la1￿ ofthe witsl. Utsrests*ete41 Fw¥l The ￿)re$￿cleA incony (￿d repreS￿ts free rew¥e5 ai'ailable io be dim1ibut￿l 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)' merntr*rs are involi'ed ca￿eS related to edu￿1￿ for all a8¢5, V*ith 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 rosp￿t 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 &% Unrestric￿1 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 &1p￿ded durin8 the currffit Near to t&￿erS￿'P thro￿ Sport and Business. a ¢hmty. focus•J ￿ 50ci81 ft￿111ty iniiiaiiv¢& Dun'n8 the cu￿￿1 i.ear th¢ Charih. recei%"ed dmatsons for app￿[S ￿ti1th weFe reStriC￿J ￿, 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 co11￿ll￿ costs £4.￿ donatd ￿ the chan"Th.. The amountsn8 10 £3,419 was don￿l01L5 from Mernt￿ for Futtjre Hope Kolk&a Ilia F￿Ure Hope UK) in recO￿ltiOn 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 ACC0￿tsnts 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)un￿ts Companv on cumi a¢cDuni &s ￿ 30 Sepwtther 202112020 the Chatih" £2,871 bj" th¢ Compam."). There w&8 Do ￿￿ve￿all (• th¢ £70.(*K) 10t¢￿ free lo￿ from the Chart¢rul Accountwts COmp￿Y in 2021 or 2020. The Charifv rn*Je 8 th)nall(￿ of £4.￿M> (2020 4m"l) w Source 2 Cipy a fut#l raisM￿ ¢vfflt W)denak￿ bN' Trus*e Graem¢ TrTrrd(￿ for The GRG GeDml Relief a Ch￿1￿. 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 Acco￿18n￿. COM￿%. Don•i(Ms from th¢ Chartsral AC£0￿￿nts, Cotnpanv 144671 154.(V)9 I4￿71 157.508 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 man9gem￿t 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 Indep￿en1 examinati Tots] resources eXp￿ded expetydlthre ljefore io (6{178) {7Q286) R￿1]sed rt¢•gnivd gmins losses R￿]sed gajnslllosses) on fE¥ed asm tnTr'¢5tmrnts 407 Net IKonwJ(expeDdllur¢ 168 1951 27