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||Page|
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|Admiaistrative
Detaib|I to2|
|Report ofthe Trastecs|3to 9|
|Independent
Examiners Report|10|
|Statement ofFinaaclal Activities||
|Balance Sheet|12|
|Notes to the Financial Statements|13to 24|
|Detailed Statement ofFinancial Activities|25|
|Thanks to Donors|26 to 27|
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|Dr Hilary Lindsay
(appointed
8October 2019)|Dr Hilary Lindsay
(appointed
8October 2019)|Dr Hilary Lindsay
(appointed
8October 2019)|Dr Hilary Lindsay
(appointed
8October 2019)|Dr Hilary Lindsay
(appointed
8October 2019)|Dr Hilary Lindsay
(appointed
8October 2019)|Chairman
and|the Company's|the Company's|Almoner|Almoner|from 7|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||October 2020 and the||Company's||Master 2019/20||
|Richard Green (appointed||||5 December|2021)|The Company's|Master 2022-23|||||
|Graeme Gordon (appointed||||7October|2020 and|The Company's|Master 2020/21|||||
|resigned 6October 2021)||||||||||||
|Miles Hedges (retired||11October 2022)||||Court Assistant|ofthe|Company||||
|Neeraj Kapur||||||||||||
|Steve Maslin||||||Court Assistant|ofthe|Company||||
|Sally Orton||||||Court Assistant|ofthe|Company||||
|Andrew Pianca (retired|||11|October 2022)||||||||
|Martin Robinson||||||Court Assistant|ofthe|Company||||
|Sue Field (appointed||11|October 2022)|||||||||
|David Watson (appointed||||11 October|2022)|||||||
|The Clerk to the Trustees||||||Barbara Brooks to 31||December 2021||||
|||||||Clare Ferrar trom 2 May 2022||||||
|Principal Oflice||||||23 Stourhead
Drive||||||
|||||||Northampton||||||
|||||||NN4 OUH||||||
|||||||TeL 07762 408671||||||
|||||||e-mail:c
ari|/
co|n ant live||. r||
|||||||Web: www. accountantslivety.|||org|||
|Bankers||||||The Royal Bank ofScotland pic||||||
|||||||62 - 63 Threadneedle||Street||||
|||||||London EC2R|8AH|||||
|Investment|Managers||&|Custodian|Trustee|Quilter Cheviot Limited||||||
|||||||Senator House|85 Queen Victoria|||Street||
|||||||London EC4V|4AB|||||
|Independent|Examiner|||||Elizabeth Wicks ACA||||||
|||||||WMT||||||
|||||||Chartered Accountants||||||
|||||||Verulam
Point||||||
|||||||Station Way||||||
|||||||StAlbans||||||
|||||||Hertfordshire
AL1 5HE||||||
|Registered|in England||dr|Wales Charity Number||327681||||||
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|||||for the year en|ded 30Septembe|r 2022|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||fund|funds|fund|funds|funds|
||||Notes||f.||8||
|INCOME AND|||||||||
|ENDOWMENTS|FROM||||||||
|Donations
and legacies||||150,523|6,750||157473|146,671|
|Investment
income|||2|~78 652|||~78652|~73228|
|Total||||~229 175|~6750||~235925|~219899|
|EXPENDITURE|ON||||||||
|Raising Funds|||||||||
|Investment
management||fees||9,730|||9,730|9,685|
|Charitable
activities|||||||||
|Grants made
Support costs|||3
4|181,426
~18 35|4,250||185,676
~18935|249,005
~23 387|
|Total||||~210091|~4250||214~1|~282 077|
|Net gains/(losses)|on investments|||8671||~341 41|~350
12)|~407 442|
|NET|||||||||
|INCOME/(EXPENDITURE)||||10,413|2~0|(3413141)|(328J28)|345,264|
|RECONCILIATION||OF|||||||
|FUNDS|||||||||
|Total funds brought forward||||87410||2462,450|2,449,960|2,104,696|
|TOTAL FUNDS
FORWARD|CARRIED|||~97 923|~20|~2020 609|~2121 032|~2449 960|
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment||Total|Total|
|||fund|funds|fund||funds|funds|
||Notes|f|f.|||f||
|FIXEDASSETS||||||||
|Investments|7|50,637||1,99~97||2,046,934|2,342,777|
|CURRENT ASSETS||||||||
|Debtors
Cash at bank|8|33494
~104849|~2500|~24|12|33494
~131661|31,282
~175274|
|||138,143|2,500|24412||164,955|206,556|
|CREDITORS||||||||
|Amounts
falling due within one||||||||
|year|9|(90dt57)||||(90,857)|(99,373)|
|NET CURRENT ASSETS||~47
86|~2500|~24|12|~74 098|107 183|
|TOTAL ASSETSLESS||||||||
|CURRENT LIABILITIES||97,923|2,500|2,020,609||2,121,032|2,449,960|
|NET ASSETS||~97 23|~2500|~2020 609||~2121032|~2449 960|
|FUNDS|10|||||||
|Unrestricted
funds||||||97~3|87,510|
|Restricted funds||||||2,500||
|Endowment
funds||||||~2020609|~2362 450|
|TOTAL FUNDS||||||~2121032|2,449960|
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|GRANTS AND DONA|TI|ONS|||||||
|---|---|---|---|---|---|---|---|---|
|Major Project|||||||||
|Create: CHANGE:MATTERS|||aprogramme||for|young carers|75,000|75,000|
|gursartes|||||||17,500|7,500|
|Military
IVetfare 6'ranls|||||||||
|SBS,RM Poole|||||||3,000|3,000|
|47 Squadron|||||||3,000||
|HtkW Sea Cadets (HMS|Dundas)||||||2,000|1,000|
|Britannia RNC Dartmouth|||||||3,000|3,000|
||||||||11,000|7,000|
|Causes related to the City||and|its surrounding|||boroughs|||
|Lord Mayor's Appeal|||||||3,500|3,500|
|Treloars Trust, annual|||||||3,000|3,000|
|Mansion
House Scholarship
Scheme|||||||1,500|1,500|
|Ironbridge
Foundation|||||||1,000|1,000|
|City ofLondon Academy||-Edey prize|||||600|600|
|Big Curry Lunch (via ABF)|||||||500|500|
|Help Musicians (StCecilia)|||||||250|250|
|Sherift's'
bs Recorder's Fund|||||||300|300|
|United Guilds Service|||||||250|500|
|Clergy Support Trust|||||||250|500|
|City ofLondon Police Widows|||bt Orphans||Fund||200|200|
|Fruiterers
Foundation
-|Fruit Culture||||||250||
|St Paula' Cathedral|||||||500|3,000|
|Spitalftelds
City Farm||||||||250|
|2nd Leytonstone
Scouts||||||||500|
|No Going Back (Mercers)||||||||1,000|
|Livery Schools Link||||||||2,000|
||||||||12,100|18,600|
|COVID-19 Emergency|Grants||||||||
|The London Early Opera||Co Ltd|||||2,000|5,000|
|Westminster
Cathedral|||||||2,000||
|The Kenward
Trust|||||||5,000||
|Skillway|||||||2,411||
|The Listening Place|||||||5,000|5,000|
|City ofExeter YMCA Housing|||Association||||5,000||
|Alive and Kicking Theatre Company||||Ltd.|||3,500|1,700|
|The Guide Association|Bristol||bt South Gloucestershire||||2,500||
|Turner Contemporary|||||||2,500|5,000|
|The Childhood Eye Cancer Trust||||||||2,000|
|Hugh Sexeys Hospital||||||||2,000|
|Sydenham
Mutual Aid)||||||||5,000|
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|Could Jtt Emergency
Granls|Could Jtt Emergency
Granls|Could Jtt Emergency
Granls|—conllnued|—conllnued|—conllnued|||
|---|---|---|---|---|---|---|---|
|Gerrards Cross Community|||Services Ltd||||1,000|
|Life Cycle UK|||||||5,000|
|Btoxham School Ltd|||||||3,300|
|The Access Pmject|||||||3,000|
|Place2Be Friends|||||||5,000|
|Imperial
Health Charity|||||||3,000|
|Queen's Commonwealth||Trust|||||5,000|
|Chichester
Festival Theatre|||||||2,000|
|Mulberry
School|||||||5,000|
|Salvation Army Hamld|Hill||||||5,000|
|The Drapers'
Company|||||||2,000|
|Treloar Trust|||||||2,000|
|Wetwheels
Foundation|||||||3,000|
|The Foundling
Museum|||||||3,200|
|Northamptonshire
Music||&|Performing||Arts Trust||3,000|
|||||||29,911|76,200|
|From Restricted Funds||||||(3250)||
|||||||26,661|76,200|
|Other graair||||||||
|Westwood||||||3,000||
|London
Symphony
Orchestra||||Ltd||3,000|I,XO|
|Watford
Sheltered
Workshop||||Ltd||3,000||
|Make Them Smile||||||1,615||
|The GASP Motor Project||||||3,000||
|Jubilee Sailing Trust||||||1,000||
|Teach First||||||3,000||
|Aspire||||||3,000||
|Boro ofLewisham
Holy|Trinity CE School|||||3,000||
|The Social Mobility
Foundation||||||3,000||
|The Community
Hub||||||3,000||
|ICAEW||||||300||
|Christie
Charity (ln mern||D|Illingwoth)|||100||
|Association ofCharity
Chairs||||||3,000||
|Deddington
PCC||||||3,000||
|Leadership
Through
Sport and||||Business||3,000||
|Source 2 City||||||150||
|East Peckham Methodist||Church|||||2,000|
|Aldgate Primary
School|||||||1,000|
|Becket Pageant (Skinners||Malmesbury)|||||1,000|
|Jessie May|||||||1,000|
|London Youth|||||||2,000|
|Helen Arkell|||||||1,000|
|Ruskin
Mill Trust|||||||2,000|
|JBVC Foundation|||||||4,500|
|Pembroke
College|||||||1,000|
|ICAEW Level 4Apprentiship||||Scheme Prizes|||3,300|
|Blooming Blossoms Trust|||||||2,000|
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|Other grants
—continued|Other grants
—continued|||||
|---|---|---|---|---|---|
|Methodist
Homes|||||100|
|RAW Workshop|||||2,000|
|Future Hope Kolkata|(via|Future|Hope UK)||1,581|
|Pauls Cancer Support|Centre||||1,000|
|The Children's
Literacy Charity|||||1,000|
|Sir Stanley Matthews|Foundation||(SSMF)||2,000|
|SSAFA (ln mern RWilkes)|||||100|
|Unseen UK|||||3,000|
|Small Charitites Coalition|||||3,000|
|London's
Air Ambulance||Charity|||3,000|
|Swansea Sea Cadets|||||2,036|
|Disability
Resources|Centre||||2,769|
|Activiteens|||||3,000|
|||||39,165|51,386|
|||||181,426|235,686|
|Restricted||||||
|Livery Schools Link|Ltd|||1,000||
|Leadership
Through|Sport &Business||||5,000|
|Source to City|||||4,900|
|Future Hope Kolkata|(via|Future|Hope UK)||3,419|
|Covid Wave 3||||3,250||
|||||4,250|13,319|
|Total||||185,676|249,005|
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|SUPPORT|C|OSTS|||||
|---|---|---|---|---|---|---|
||||||Governance||
|||||Management|costs
f|Totals
f.|
|Supportcosts||||~16 235|~2700|~18 35|
|Support costs,||included|in the above, are as follows:||||
|Management|||||||
||||||2022|2021|
||||||Support|Total|
||||||costs|activities|
|Share ofClerks' fees|||||15,000|15,000|
|Other costs|||||173|56|
|Bank &direct||debit charges|||1,062|1,076|
|Legal Fees||||||~4435|
||||||16435|~20 567|
|Other costs are||stated net|ofthe small surplus ofIl47 from|the LCCG Conference.|||
|Governance|costs||||||
||||||2022|2021|
||||||Support|Total|
||||||costs|activities|
||||||g|f.|
|Independent|examination||||2,700|2&820|
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|COMPARATIVES FOR THE STATEMENT|COMPARATIVES FOR THE STATEMENT|COMPARATIVES FOR THE STATEMENT|OF FINANCIAL|ACTIVITIES|||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|
||||fund|funds|fund|funds|
|||||f.|f.||
|INCOME AND ENDOWMENTS||FROM|||||
|Donations
and legacies|||138,247|8,424||146,671|
|Investment
income|||~73228|||~73228|
|Total|||~211475|~8 424||~219899|
|EXPENDITURE ON|||||||
|Raising funds|||9,685|||9,685|
|Charitable
activities|||||||
|Grants to institutes
Support costs|||235,686
~23 282|13,319
105||249,005
~23 387|
|Total|||~268 653|~13424||~282 077|
|Net gains on investments|||~10079||~397363|~407 442|
|NET INCOME/(EXPENDITURE)|||(47,099)|(5,000)|397,363|345,264|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought|forward||134,609|5,000|1,965,087|2,104,696|
|TOTAL FUNDS CARRIED FORWARD|||87,510||2,362,450|2,449,960|
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||||||||Listed|
|---|---|---|---|---|---|---|---|
||||||||investments|
|MARKET VALUE||||||||
|At I October 2021|||||||2)342,777|
|Additions|||||||135,197|
|Disposals
Revaluations|||||||(80~8)
~350
12|
|At 30 September 2022|||||||~2046 934|
|NET BOOK VALUE||||||||
|At 30 September 2022|||||||2 046 34|
|At 30 September 2021|||||||~2342 777|
|Cost or valuation|at|30 September 2022 is represented||by:||||
||||||||Listed|
||||||||investmeats|
||||||||f|
|Valuation
in 2022|||||||386,458|
|Cost|||||||~1660476|
||||||||~2046
34|
|Listed Investments||at Market Value||||||
||||||2022||2021|
|Fixed Interest|||||153486||199465|
|Investment
Trust Ordinary|||Shares||1,893448||2,143,152|
||||||2 046|34|3 2777|
|There were no investment|||assets outside the UK.|||||
|DEBTORS:AMOUNTS|||FALLING DUE WITHIN|ONE YEAR||||
||||||2022||2021|
||||||f||f.|
|Gilt Aid recoverable|||||25,557||26,500|
|Sundry debtors||||||98|179|
|Accrued income|||||~7639||~4603|
||||||33,294||31,282|
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|||||||2022|202 I|
|---|---|---|---|---|---|---|---|
||||||||f|
|Chartered
Accountants'|Company|Loan||||70,000|70,000|
|Other creditors||||||~20857|~29 373|
|||||||~90 857|~99 373|
|VEMENT IN FUNDS||||||||
|||||||Net||
|||||At||movement|At|
|||||1.10.21||in funds|30.9.22|
||||||||f.|
|Unrestricted
funds
Income fund||||87,510||10,413|97~|
|Restricted funds||||||||
|Source to City||||||||
|Endowment
funds||||||||
|Expendable
Endowment|fund|||2362,450||(341dt41)|2,020&609|
|TOTAL FUNDS||||~2449|60|~328 928|~2121 032|
|Net movement
in funds,|included|in the above|are as follows:|||||
||||Incoming|Resources||Gains and|Movement|
||||resources|expended||losses|in funds|
|Unrestricted
ihnds||||||||
|Income fund|||229,175|(210,091)||(8,671)|10,413|
|Restricted funds||||||||
|Source to City|||6,750|(4450)|||2,500|
|Endowment
ihnds||||||||
|Expendable
Endowment|fund|||||(3413141)|(3412141)|
|TOTAL FUNDS|||~235 25|~214|41)|~350
12)|~328
28)|
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|Comparative|s
for move|ment
in funda||||
|---|---|---|---|---|---|
|||||Net||
||||At|movement|At|
||||1.10.20|in funds|30.9.21|
||||||f.|
|Unrcstrictcd|funds|||||
|Income fund|||134,609|(47,099)|87,510|
|Restricted funds||||||
|Social Mobility Pmject|||5,000|(5,000)||
|Endowment|funds|||||
|Expendable|Endowment|fund|1,965,087|397,363|2,362,450|
|TOTAL FUNDS|||~2104696|~345 264|~2449 960|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted
funds||||||
|Income fund||211,475|(268,653)|10,079|(47,099)|
|Restricted funds||||||
|Social Mobility Project|||(5,000)||(5,000)|
|Future Hope UK||3,419|(3,419)|||
|Source to City||5 005|~5005)|||
|||8,424|(13,424)||(5,000)|
|Endowmentfunds||||||
|Expendable
Endowment|fund|||397,363|397,363|
|TOTAL FUNDS||~219899|~282 077)|~407442|~345
64|
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|Current|Year|Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|
|||Fund|Fund|Fund|2022|
|||||f,||
|Fixed Asset - Investments||50,637||1,996,297|2,046,934|
|Current
Current|Assets
liabilities|138,143
~90857|2,500|24,312|164,955
~90 857|
|||97923|25011|2020009|212 032|
|Prior year||Unrestricted|Restricted|Endowment|Total|
|||Fund|Fund|Fund|2021|
|||||f,|f.|
|Fixed Asset - Investments||57,955||2384,822|2,342,777|
|Current
Current|Assets
liabilities|128,928
~99373||77,628|206,556
~99373|
|||87 510||2362450|2449960|
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|||for the year ended 30Septemb|er 2022||||
|---|---|---|---|---|---|---|
||||2022||2021||
||||f.||||
|INCOME AND ENDOWMENTS|||||||
|Donations
and legacies|||||||
|Donations
mostly fiom|members ofThe Chartered||||||
|Accountants'
Company|||157|73|~146|671|
||||157473||146,671||
|Investment
income|||||||
|Investment
income|||78,539||73,213||
|Deposit account interest||||113||15|
||||~78 652||73|28|
|Totallncoming
resources|||235/25||219,899||
|EXPENDITURE|||||||
|Raising donations
and|legacies||||||
|Investment
management|fees||9,730||9,685||
|Charitable
activities|||||||
|Onmts made|||185,676||249,005||
|Support costs|||||||
|Management|||||||
|Share ofCledcs' fees|||15,000||15,000||
|Other costs||||173||56|
|Bank /k direct debit charges|||11062||1,076||
|Legal Fees|||||4|435|
||||16,235||20,567||
|Governance
costs|||||||
|Independent
examination|||~2700||~2820||
|Total resources expended|||~214|341|~282|077|
|Net income/(expenditure)||before gains and|||||
|losses|||21,584||(62,178).||
|Realised recognised
gains||and losses|||||
|Realised gains/(losses)|on fixed asset investments||~50|12|~407|442|
|Net (expenditure)/income|||~328|8)|~345|264|