REGISTERED CHARITY NUMBER: 327681 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL sTATEMErs FOR THE YEAR ENDED 30 SEPTEMBER 2024 FOR THE CHARTERED ACCOUNTANTS, LtVERY CHAIUTY
THE CHARTERED ACCOUNTANTS LIVERY CHARfTY CONTEIYTS OF THE FINANCIAL STATEMENTS for the year ended 30 September 2024 Admlnlstrntive D•tAIJs 1102 Report of the Trugt¢e$ 3to8 lodependent Ex4mlners Report Statem•nt of FinRnelAI Activities io B#lance Sbeet Notes to the FlnAnei*l Stat¢m¢nl$ l2to23 DetAlled St#tem¢ot of FinaDeial Aetlvltlej 24 to Donors 25to26
THE CHARTERED ACCOUNTANTS LtVERY CHARITY ADMiNISTRATtVE DETAILS Status of th¢ Ch4rlty The Charity was constituted by Trust Deed on 14th January 1988 between the then Master and Senior Warden of the Worshipful Company of Chartered Accountants in England and Wales ('The Charter¢d Accountants, Company,) and the Charity's first Trustees. The Charity 15 registered al the Charity Commission for England and Wales. Organisatlott *Dd zovern2n¢e The Court of The Chartered Accountants, Company appoints the Trustees. There must be no fewer than thrK and they must be Liverymen of The Chartered Accountants, Company. Unles1+ thc Court detern)ines otherwise. two of the TrustCCS 5h&ll be thc Master and the Almoner for the time being. It is th¢ pent ptICe of the Court to appoint other Trustee8, two of whom are Court Assistants and four of whom are not Court Assistants at thc time of their appointment, for thrce year terms of otTice, renewable for onc term. The Clerk to the Trustee5 manages the administration of the Charity and there ar¢ no cmployecs. The Trustees nonnally meet four times a year. They may appoint Advisory Panels to assist them with tasks: ut le&5t one Panel m¢mb¢r musi be a Trustee. Objects The legal Obj¢Gts of the Charity are widely drawn to support general charitable purposes, as follows: The relief of poverty throu8houi lh¢ World. th¢ advancement of education throughout the world. the advancement of religion throughout the world. and such other charitable PUnKJ8¢4 anywhere in the world as are for the benefit of ihe United Kingdom community. Within these Obje¢ts, broadly sp¢akin& the Tws¢ees tend to support (in no particular order).. Cause5 introduced by membets of the Company and causes in which Company members are involved. Causes which support the welfare of personnel who belong or have belonged to the Company'5 rnilitsry and other affiliations. Causes related to education for all ages, with a focus on core enabling skills such as financial literacy, numeracyi liter&Gy and di8ital skills. Causes that will increase social mobility and alleviate povety in r¢sp¢¢t of ¢hildren Ind youth in need. Causes where th¢ grant will make a signifi¢ant diff¢r¢n¢¢. Cau9 which are asso¢iated with the a¢¢ounlan¢y profession, the City or the Livy. Pvbllc bellef5t statement As trustees of a Public Benefil Entity, the Trnstees Confimi ihat w¢ have referr¢d to and complied with the 8uidance contained in the Charity Commission's general guidance on public benefit when r¢vi¢win8 the Charity's ims and objectives. in planning future activities, and when tting the grant making policy for the y¢ar. Powers As TTUStees we are nol restrirta in our investm¢nt powers.
THE CHARTERED ACCOUNTANTS LIVERY CHARrrY Trnste¢s The TneeS during the year and up to the datr of this report were, Beverley Turner (appointed 25 October 2023) Kevin Parry (appointd 25 October 2023 retired 7 October 2024) Jonathan Grosvenor (appointed 7 October 2024) David Matthews (appointed 25 October 2023 Peter Jenkins (appointed 25 October 2023) Sally O'Neill (appointed 25 October 2023) Neeraj Kapur Steve Maslin (retired 30 September 2024) Sue fiield David Watson Richard GTvcn {r¢tired 25 October 2023) Dr Hilary Linds&y (retired 25 October 2023) Miles Hedges (appointed 7 Oclober 2024) Sally Orton (retired 25 O¢tob¢r 2023) Martin Robinson (retired 25 October 2023) Chainnan and ihe Company's Almoner The Company's Master 2023-24 The Company's Master 2024-25 Court A55iStant of th¢ Company Court Assistant of the Company The Company's Master 2022-23 Company's Almoner Court A3¥i$tsnl ofthe Company Court Assistant of the Company Court Assistant of the company Tbe Clerk to the Truitees Clarc FcTrar Princip*i orrjce 30 The Avenue Wclwyn Ilerts AL6 OPP Tel: 07939047845 e-mail.. charit accounlantslive Web: w¥vw.accountantslivery.org .or Bankers The Royal Bank of Scolland pl¢ 62- 63 Threadn¢edle Strect London F.C2R 8AH Investment Managers & Cu5todi#n Trust¢¢ Quilter Ch¢viot Limited Senator House 85 Queen Victoria Street London EC4V 4AB IDdep¢lldént Examlner Eli7ab¢th Wicks ACA MoorL' Kingston Smith Chartered Accountants 4 Victoria Square St Albans Hertfordshire ALI 3TF Reglstered In Englxnd & W41¢$ ChArlty Number 327681
THE CHARTERED ACCOUNTANTS LIVERY CHARITY REPORT OF THE TRUSTEES For the year eDded 30 S¢pl¢Jnber 2024 The Trustee5 present our report for the year end 30 September 2024 together with the Charity's financial stat¢ments. The financial statements have IKen prepared in ¥cordance with the accounting policies set out in note I to th¢ financial 5tatement5 and comply with the Charity's trust deed. The TTU5tees have adopted th¢ provisions of th¢ Siatement of Recommended Pr&ctiG¢ (SORP) "Acwunling and Reporting by Charities" (FRS102) (Second edition) in preparing th¢ annual report gnd financial statements of the Charity. THE CHARy's OBJECTS AND ITS RELATIONSIIIP WITH THE CHARTERED ACCOUNTANTS, COMPANY The fonnal legal objccts of the Charity are set oul on page l. The Charity is closely associated with Th¢ Chartered Accountants, Company and virtually all its donation incotne is re1Ved direcdy or indirectly from present and past members of the Cornpany. The Thistees 3r¢ an indep¢nd¢nt body. mindful of our duty as Trustees of a charity operating in the public interest, while Iways supportive of the objectAves of the Company whose member8 provide the C.harity's funds. The Comp4ny's practical obje¢tive5 set out in i(¥ Mi55ion Statement include givin8 something baGk to soci¢lyi diTCCting members, efforts d ndS lo relevant sustainable causes and communities and leveraging the skills and experience of its mcmbcrs. Deliv¢ry against the Company's mission is th¢ responsibility of the ComplY'S Master. Court &nd members. This separaie Charity 15 a vehicle through which Company members can fulfil their financial obligations within the ¢haritable mission. The Company's Almoner and the Tntstees are v¢ry awarc of the Company's and the Court's objectives, but as Trustees think and act indep¢ndently of them. We are aware that there are potcntial conflicL8 c)f Inte$1 and conflicts of loyalty in relation lo our duties to the Charily and thc Company and seek to avoid or manage those conflicts.. mu ¥cncrally, the TTUStees' conduct 18 £uidcd by the seven prin¢iples of th¢ Charity Gov¢rnan¢¢ Code: organisational purpose; leadership; integrity: de¢i5ion makin¥1 risk and control; board effectiveness: equality. diversity and inclusion: and openness and accountability. 'lThc Trustees recognise our duty to keep up to date wilh dcv¢lopments in charity law. We act approprialely in relation lo any conflict of intLrest. New Trustees receive an induction pack describing th¢ activifies of Ihtt Charity and Trnslees, responsibilities. FUNDRAISINC As slated, almost all th¢ Charity's donation income corn¢s from Company mernbers. When prospective Company members are interviewed, they learn that in normal circumstances Company members are expected to make an annual gift to this Charity which, belore gift aid is addcd, is roughly ¢quivalent to the quarteragc payable to the Company. A lower contribution is expecled from thos¢ members who are undcr 40. The Charity has successfi]Ily aKumulated an expendable endowment fund, currently in excess of £2.2 million, but incrcasing the charity's impact will only be a85UTed if this capital fund is Ancre&8ed substantially over time. F.ach year the Charity expccts to distribute most of th¢ annual donations Érom members plus the incom¥ ¥LnLratLd from the exi.sting apital fund. To ¢xt¢nd our ¢hJritable rcach (and there is a Gontinuin8 and incr¢asin8 demand from worthwhile cause$) we need to increase our ¢apital fund and thu5 generate more income. The Charity can only do that if members give us capital donations and Icavc us Ic8acies in their wills. To aid this proce55, on 8 July 2021, thc TStee5 cr¢ated a separate fund- to be known as The Cork Fund (named after Sir Kenneth Cork a founder member of the Livery Company who was Lord Mayor in 1978-79). The le8acies and donations made to this Fund, although remaining part of the expendable endowm¢nt of the Charity, are intendcd to be retained &$ ¢apital to gcnerate income to supplLment and increase the annual fund5 8vailable for distribution. It is hoped that members will leave l¢gacics and make one-off donations lo the Cork Fund so that il bccomcs a significant part of the apital base for the Charity. We are delighted and most grateful to have received £13,643 in l¢84cies ond donations in the l&st year to the Cork Fund.
THE CHARTERED ACCOUNTANTS LIVERY CHARrrY REPORT OF THE TRUEs For the yeAr ¢oded 30 Sepl¢Jnber 2024 FUND RAISING (continued) Company mcmbers have again been generous this year an(L as a resulL we receiv total donation income of £152,446 (including the contributions to the Cork Fund). The comparnble total figure from the previous year was £139,493. GRANTS AWARDED The Charity's fonnal objects are set out on pagc l. The detail$ of all the recipients are In¢lUd in the fiTJancial stat¢m¢nts. This year we donat¢d £189,500 (2023 - £175.025) broken down into the following categories; £81.400 to genernl grant applicants. £3,500 to bursaries; £75,000 to the Mayor Proje¢¢ Award. £6.000 to Mililary A£filiations: £22,100 to organis8lioT15 aSSlated with the City of London: £1,500 from r¢¥tri¥tsd funds Majurproject Thc Tru5tec5 use a large proportion of ihe Charity's available funds each year to make a substantial imp8¢t in support of a major projcct, exp¢cting to ¢ontinue the support over three years, subject to the TTUStees' decision each year based on reports received. Our currcnt recipient is Beyond Food Foundation (BI.'n. BFF was established in 2009 and to date hag supported over 7.000 people. Ii WUTks in Lvllaburation with PWC who own thc Brigade + Bar Kitthen wh¢r¢ all the training is done. We are offering fundin8 for them to run two Freshlife programm¢$ p¢r year for 3 y&qrs offering 150 individu81$ th¥ opportunity to ¥¢'t back into work, using food as the foothold to remov¢ barriers th&t inhibit individuals from securin8 financtal independ¢n¢e. The Frc5hlife Programme will include life.skill cookin8> employability classes, introduction to hospltality, barista tr8lning as wcll &$ an immer.4iv¢ experience in hospitslity. Food plays a CTucial role in helping people to live hcalthicr lives, stand on th¢ir QWD two feet and undcrstand hcalthy life choice- both physically and rnent811y. The success rates are impre&sive- 900/o who cornplet¢ the pro8ramme se¢ure a City & Guilds Certificate. 860/0 progress into paid employment within 12 months. Bursaries 11 is importanl to our profession that teachers of accountancy in UK universities include Chartered Accountants. The Chtrity therefore provides bursaries to ICAEW Chartered Accountants pursuing Doetoral sthd1. thus asslsting them to construct funding arrangements to enable them to study for post-graduate de8rees in accountancy related topics, hence to develop careers as teachers &nd researchers in UK universitie5. These bursaries are typi¢ally at about £5,000 per annum for those 5tudyin8 full-time, for a period of up to four years. Candidates are selected from applicants by a panLI which includes the Almoner and academic advisers. The panel d¢¢ided to &ward £3,500 to two applicants (2023 - £6,500). Wellarefunds olmilliary and Cadel affilla¢lons 'The Chartered Accountants, Company is honoured to support Military and Cadet alyiliations with some financial support,. The Honourable Artillery Companyj Royal Marines Poole (The Special Boat Service). 47 Squadron Royal Air Force, The Royal Naval College Dartmouth, S¢venoaks Air Cadets and HMTS Dundas (The Harrow and Wembley Sea Cadets). The Charity supports welfare funds of these units, which W¢T¢ awarded £6,000 in the year (2023 - £2,500).
THE CHARTERED ACCOUNTANTS LIVERY CHARITY REPORT OF THE TRusfEES For tb• ye&Y ended 30 Sept¢ber 2024 GRANTS AWARDED (eontinued) Causes relaledto the City olLondoh aKdlts sum>unding boroughs The Charity supports a number of causes connected with the City of London and its surn)unding borou8h5. Most of these grants are of small sums. excepting those to The Lord Mayor's Appeal and to Treloar's School. Such causes were awarded £22,100 in the yeRr {2023 - £24,600). We made a grant of £5,000 to the Livery Food Initiative for City Harvest. City Harvest London is 2ri1able or also made a grant of £5.000 to London Air Ambulan¢¢ for their Up Against Time appeal to buy two new helicopt¢TS. I am dclighted io tell you that they were successfvl and have now purchased the helicopter5. Generalgrnnl$ In addilion to the abov< the Trustees make a number of other grants each year, no more than £3,000. Some of these are to causes intruduced by Company members, so involving Company members with the Charity and giving the Thistees some firsl-hand assurance about the recipients. Twenty nine such grunts totalling £81.400 (2023 25 grants totalling £64,625) were awarded in the year, of which eleven were member sponsored. INVEsfMENTS AND INVESTMENT ORJECTIVES The Trustees, having rcgard to the advice of ihe Trnst'5 inves(rn¥n¢ udvi5ers, delerniine investment policies and hav¢ delegated discretionary authorily Iu QUT advisers. Our present investment policy is to maintain thc level of investment inLome (hAving r¢gard to our commitment to fund 8rants), balAnced with maintsining the 8rowth of thc portfolio at medium risk level. FINANCIAL REVIEW AND PERFORMANCE 'lThe Lharity'$ income for the year ended 30 SLPtcmber 2024 was £237,386 (2023 - £221,102). Grants awarded increased to £189,500 (2023 £170.542). Before investment gains. the Charity's surplus ftsr 2024 was £18,951 (2023 surplus £20,641). Net gain5 on investments in the y¢ar were £218,798 (2023 £27,174). The Trustees, principal benchmark is the MSCA WMA Privatc Investor Balanced Index. The portfolio out-performed this index during ihe p¢riod under review. Investment income £84,940 (2023 £81,609). The portfolio is invested 7 Iyo in equities acTOSS the world (mostly in investment irusls) and 2/• in fixed intcrcst and alternative investments. The net movement in funds for the year an increase of £237,749 (2023 an increa8¢ of £47.81 S). The Charity, invcstmcnt portfolio stood al £2.259.047 as at 30 September 2024 (2023 £2,060,228). The investment portfolio is managed for the long tern &5 the Charity has sufficient liquid funds. During the year, th¢ Charity raid in full the interest free loan from The Chartered Accountants, Company of£70,000. RESERVES POLICY All of the endowm¢nt funds of£2.274,139 (2023 £2,047,110) held by the Trustees arc held L8 an Expcndablc Endowment. It is the Tru%tees' policy that, taking one year with another, over a period of time approximately 90Vo of the Charity'5 donation, investment and other income less expcnses should bc dititributed a5 grants, any unLXPLndcd balance being held as Unr¢stri¢t¢d income funds.
THE CHARTERED ACCOUNTANTS LIVERY CHARITY REPORT OF THE TRUSTEES For tbe year ended 30 September 2024 RESERVES POLICY (contlnlled) The Charity's Expendable Endowment is an investment fund held to generate income and Cnsure the stability of the grant making pro8ramme. This Expendable Endowmen¢ in accordanGe with the Trust D¢cd may be drawn in fvll or part to b¢ used for the purpose of the Charity ai the discretion of the Trnstees. The endowment funds are mad¢ up of £2,260,496 expcnd8ble endowment lld5 and £13,643 lega¢1 and donations made to the Cork Club. The Unrestricted Income funds of £132,457 (2023 £120.237) represent free reserves. The Trustees consider these reserves adequate &t 30 September 2024. Both the policy and its implementation ar¢ under regular review. As at 30 September 2024 theTe are no restrict¢d fund (2023 £1.500). PleAsc See note 12 Funds for d¢tails of the investment policy for these funds. GOVKRJYANCE, COMMUNICA'fioN AND PAN LIVERY U¥]ATIVEs A full review of all our ¥ov¢rnan¢¢ proGcsses wa5 ¢arried out in 2021 and this is now reviewcd regularly. As mentioned earlier, the Trustees observ¢ the principles in the Charity Governance Code. Th¢ ffftnal prin6iplc in the ChArity Governance Code is Openness and Accountability. A key ¢l¢ment within that is communi¢attn8 effectively. Havin8 Shared 'Bclonging' for so many years we are delighted th81 ih¥ kharity now has lis own newsletter callcd 'Our Charity.. We published out fillh edition in October 2024. 'The Charity newsletter will b¢ published every f¢w months l¢ttin8 mcmbers know about th¢ 8ranls made and how thes¢ hav¢ 'Made a Difference,. We know that the Major Proje¢1 Award funding of £75,000 per nuM for three years makes & m1Ve difference and w were delighted to be invited to thc Beyond Food Foundation graduation c¢r¢mony on 4th October where thirty 'cohorts' rKeived their diplornas for completing the FreshLife course. It was so wonderful to hear from the 8raduates and undcrstand what & differ¢nc¢ the FreshLife course has made to their livcs. The Livery Charity Chairs Group (LCCG) was founded by our fomi¢r Alrnoner Hilary LindsAy in 2021. It now has over 120 members from 100 Livery Companies and Guilds. The group provides an opportunity for Charity chairs lo share experiences and learn from each other throu8h quarterly online workshops, an annual Conference, infornial drop-in scssions and a What$App group. Our Truylees again agreed to undcrwritc and provide the banking facility for the LCCG third annual conference at Ironmonger5' Hall in Junc 2024. which was attended by over 70 delegates. In the event the onf¢r¢nce made a srnall profit of £600 which was donated to the IronmongL'rs' ch8rity. Recogni5ing that more can be achieved wh¢n grant giving charities collaborate, LCCG launched the Livery Food Initiative in December 2022. The aim is to rAise funds from as many Livery charities as possible to support City Harvest over three years in their endeavours to rescue more food that IS 8oin8 to waste and deliver it to charities who can th¢n usc the food to provide meals for those who need them.
THE CHARTERED ACCOUNTANTS LIVERY CHARfTY REPORT OF THE TRUSTEES For the ytir ¢Dded 30 September 2024 RISK MANAGEMENr The TNstees regularly review the m&jor strategic, financial, business and operational risks which the Charity faces. Wc have ¢onsidered lh¢ vulnerability of the Charity to factors which could seriously impair its ability lo achieve its objectives and have ensured that the Charity's Systems enable these risks to be managed. The main income sources are donations, including Gift Aid tax re¢overy, and investment income. The ability of the Chartty to make grRnts at the current level is dependent on membcrs of The Chartered A(counlants' Company ntinuing to maintain th¢ir level of giving and on th¢ stability of investment income. FirruRE PLATrIS The Trustees felt strongly that A key objective of any grdnt w¢ make is that it makes a diff¢rence to the organisation. We 8150 wish to maintain the present l¢vels of grant giving for the year to 30 September 2025 but to do this we do need our very generous m¢mb¢rs to carry on making donations the Charity. We asked that our memb¢rs review what they are giving and just see if they could give a little more. There are so many worthy Gauses who need help. and we would d¢arly like to help as many causes as possible to relaled to the City of London and to cau$¢$ introduced by members. We are continuing to promote the Cork Club to ask members to consider leavin8 a legacy to the Charity in their wills, We are delighicd that members and fornier manbcrs left legacies and gave donation5 loialling £13,643 during the year. The specific wordin¥ that would need to be used in any bequests if they wish their gifts to 80 to that fund can be found on th¢ Charity pages on the website. STATFMLNT OF TRUSTEES, RESPONStBII.I'IIES Th¢ Truslccs are responsible for preparin8 the R¢port of th¢ Trustees and the financial st8t¢mcnts in accordance with pplicabl¢ law and United Kingdom Accounting Standards (United Kingdom Generally Accepted A¢counling Practice). The law appli¢ible to charities in England & Wales requires the Trustees to prepar¢ financial statements for ¢a¢h financial year which give a true and fair view of the state of thc affairs of the Charily and of the incomin8 resources and application of resources of thc Charity for thal period. In preparing these fmanGial statements, the Trust¢¢s are required to: 5eleGt suitable accounting policies and then apply them consistently; observe the methods and Principlcs in th¢ Charities SORP 2015 (FRSI 02) (Second edition): make judgements and cstimates that are reasonable and pNdent' stale whether applicable arwunting standards and ststements of rewmmended practice have been followed, subject to any material departures disclosed and explained in thc financial statem¢nts' and to pr¢pare the financial statements on the 80in8 concern basis unless it Is inappropriatc to presume that the Chllrity will continue in op¢ralion. The TrUee5 are responsible for keeping proper accountin8 records that disclose with reasonabl¢ accuracy al any time the financial position of thc Charity and enable them to ¢nsure that Ihe financial statements comply with thc Charities Act 2011 and thc Charity (AuntS and Reports) Rc¥ulation8 2008 and the provision5 of the Trust Deed. We are also responsible for safeguarding the assets of the Charity and hence for takin8 reOnable steps for the PT¢veiition and detection of fraud and other irregularities.
THE CHARTERED ACCOUNTANTS LIVERY cHARy REPORT OF THE TRUSTEES For the yearended 30 September2024 STATEME OF DISCLOSURE TO THE INDEPENDENT EXAMINER As far a$ the Trustees know. there is no relevant inforniation of which the independent examiner is unaware and they have tak¢n all the steps they ought to have taken to make themselves aware of any relevont infomiation and to establish thal th¢ independent examiner is aware of that infom]ation. INDEPENDENT EXAMINER Th¢ Company's Court 8nd th¢ Charity's Trustees are agreed that a5 8 matter of policy it is sensible for thc two or8ani58tions to use the sarne external fimi of Chart¢r¢d A¢countants. In 2020 Moore Kingston Smith (forn]erly WMT) Chartcred Ae¢ountsnts were appointcd by Court as reporting accountants and by th¢ Trustees &8 Independent Ex8miner with effect from that year's accounts. ACKNOWLEDGEMENrs The Trustees are gratefvl to all members of The Chartered Accountants, Company and others who have supported the Charity during the yeor. We are especially 8rateful to our members who ran in the London Marathon and London Landmarks Half Marathon to raise funds for the c.harity - thcy arc Olivia Carling, Kteran Johnson. John Feltham and Sally Orton, Our thank5 also go to thc ncw Freemen joining during the year who have enthusiastically chosen to contribute to the Charity and to members who have chosen lo generously increase thcir lev¢1 ofgiving. Our Charity is very forninate that our members collectively arc amun¥ lh¢ most generous across all Livery Companies. Company members and others who made financial Contributions in the year are named on pages 25 and 26 Th¢ trustees hopc and would encournge any Company members not making regular contributions to the Charity to considcr doing so in future and would encourage Company rnembeTS to ¢onsider contributing to th¢ Cork Fund with either a lifetime donation or a legacy in their wlll. The Trnstees wish lo express their gratitude to Quilter Chcviot Limited for its care as di$¢retionary manager of our invested funds. On behalf of th¢ Trustees B¢verley Turner Chaim)an, Almoner of the Chartered Accountants, Company 17 March 2025
THE CIIARTERED ACeOiINTANTS LtVERY CHARtTY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHARTERED ACCOUNTANTS, LIVERY Indep¢ndent Examiner'# Report to the Trlljtses of The Chartered Aeeountanliv Llvery Chirlty I report to the trustees OTh my exatnination of the fmanciol slatements of The Clwthd Accountants, Livery Charity {'the charity,) for the year ended 30 Slember 2024 which cornprise thc Slatemellt of Financial Activities, the Balancc Sheet And r¢l&ted notes. This report is made 801gly to the charity's trustce8. As a body, in accordance with 8ection 145 Df the Chariti AGt 2011. My work has been ujthrtaken oo that I migh¢ to the charity'8 tru8tec8 thoae matter8 l am required to sta to them iti thi8 report and for no othcr purpos¢. To the fvlle8t extent penti1tt by law, I do not a¢c¢pt or a58ume responsibility to yone other than the charity and the charity's trnstees as a bodyk for my work for thi3 ryort, or for the opinion8 I have formed. Rupon$lblllll¢i Ind baslj of report As the trust¢e8 of tho charity you are r¢spozL81ble for th¢ preparation of the fmancial statements in accordan¢e with the requircm¢Dls of the Charities Act 2011 ('the Act,). I rep)rt in re8PCCt of my examination of the charity'8 finan¢iil statements ¢I¢d out undcr 8¢¢tion 145 of the Act and in canying oul my ex4miDation I havc follow¢d all thc applicabl¢ DiTection8 given by the Charity Commission unthr Bection 145(5Xb) of the Act. An indcpend¢nl examination does not involve gatherin8 all the evidence that would be required in an audit and onscquently doe3 not cover all the matt¢r8 that an audilor consider8 ID givinE their opinion on the fllwicial Btatcmellts. Thc planning and conduct of an audii goe8 beyond the limited a&wran¢e that an indep¢ndcnt examination can provide. Consequently I express no opinion 88 to whether the fmaneial Siatements present a 'true and fair. vicw and my report 18 limited to thoK 8pe¢ific matters sct out in the indep¢ndcJ)t vxaminer's stat¢mcnt. Independent exAmlner'• itatement I have ¢ompl8trd my exami110n. I confimi th&t tto matcrial m&ttcr8 have come ¢0 my attention in conn0 with the examination 8ivin8 me caus¢ to believe that All any material respe,¢t.' amntin8 r¢cords were not kept in re8pect of the charity a& wuired by section 130 of the Act. or the fuwicial statements do not accord with th08e records. or
the fillancial 8tat¢ments do not comply with th¢ opplicable r¢quirements ron¢emin8 the forni and Content of accounts 8et out in thc Charities {Arcouat8 and Report8) R¥¥ulations 2008 other thAU 4ny requirement that the a¢¢ounls give 4 '1Ne and fair view whicb i& not a matter ¢onsidered as part of an independent examinAiio I have no concerng and have comc acro&s no other matlerg Ati connection with the examination to which attention should be drawn in this report in order to enablo a proper under8tandinB of the fllwiGiAI 8tai¢m¢nl$ to be ch. Elizabeth Wicks ACA Moor¢ Kingston Smith Chartered AccountAnts 4 Victoria Square St Albans Hertford8hire ALI 3TF Date.. I l April 2025
THE CHARTERED ACCOUNfANTS LtVERY CHARITY srATEMENT OF FINANCIAL ACTIVITIES for the y¢ar ended 30 September 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted funds Endowment funds Notes INCOME AND ENDOWMENTS FROM Donalions and legacies 138,803 13,643 152,446 139,493 Investment incom¢ Tolal 223 743 237 13 643 86 221 102 EXPENDI'fuRE ON Raising fvnds 9,279 9379 8,938 Ch4ri1ablv actlviti¢J Grants to institutions Suppnrt costs 188,000 1.500 189,500 170.542 To¢al 216 935 200 461 Net gains on inv¢stments 213 218,798 INCOME/(ExPENDURE} 12,220 (1,51)0) 227,029 237,749 47.815 RECONCILIATION OF FUNDS Total funds brou8ht forward 120,237 1,500 2,047,110 2,168,847 2,121,032 TOTAL FUNDS CARRIED FORWARD 132 457 2 406 596 2 168 847 io
THE CHARTERED ACCOUNTANTS LIVERY CHARTTY BALANCE SHEET 30 September 2024 2024 Tolal runds 2023 Total funds Unrestricted nd Restricted funds Endowment funds Notes FIXED ASSETS Investmenls 42,241 2,216806 2359,047 2.060,228 CURRENT ASSETS Debtors Cash at bank 32.575 32.575 138 088 30,718 153.467 57 113J30 57J33 170,663 184,185 CREDoRs Amounts falling due within one year (23,114) 123,114) (75.566) NET CURRE ASSETS 90 147 57 333 49 108619 TOTAL ASSETS LESS CURRENT LIABILITIES 132,457 2274.139 2,406,596 2,168.847 NET ASSETS 132 457 2 274 139 knL96 2 168 847 FUNDS Unrcstri¢ted fjnds Restrict funds Endowment funds io 132,457 120,237 1,500 2047110 TOTAL FUNDS 2 168 847 Th¢ financial statements w¢re approved by th¢ Board of Thistees and authorised for issue on 17 March 2025 and were sign¢d on its behalf by.. Beverley Turner- Alrnoner & Chair of Trustees
THE CHARTERED AccouNfANTS LIVERY CHARITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 Septemb¢r 2024 ACCOUNTING POLICtES Basis of preparing the finaneial stst¢m¢ntJ The financial statements of th¢ charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the 'Accounting and Reporting by ChaTlties.' Stat¢mcnt of Recommended Practice applicable to ¢hArities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland (FRS 102) (Second edition),, Finan¢ial Reporting Standard 102 The Financial Reportin8 Standard applicAbl¢ in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exccption of investmcnts which are included at rnarket valu¢. Th¢ finanGiRI statements have been prepared to give a kn¢ and fair" vi¢w and have departed from the Charities (Accounts and Reports) regulations 2008 only to the extent required to provid¢ a "true and fair. view. This departure involved following 'Accounting and Reporting by Charities: Slalement of Rpxomm¥ndid Practice applicable to Charities preparing their accounts in 4rdance with the Financial Reporting Standard applT¢able in the UK ajid RepubliL of Ircland (FRSI 02XSecond edition)" rather than the Accounting and Rcporting by C.haritie8' Statement of Recommended Practic¢ ¢ffective from April 2005 which h&8 8inc¢ been withdrawn. Income All incDme is recognised in the Statement of Finan¢ial Aclivitics unr¢ the charity has entitlement to the funds. it is probable that the incom¢ will b¢ received and the amount Can b¢ mcasured reliably, Don&tion5 are accounted for when r¢¢¢iv¢d. reclaimable in respecl of Gift Aid 15 accounted for when rh¢ income giving rise to the claim is r¢¢¢iv¢d. Dividends 8r¢ rrfogni5ed once declar¢l nomally upon notification by the investment advisor of the dividend yield of the investment portfolio. Interest on funds held on deposit is included when receivable nom]ally upon notification by the bank. Legacy income is recognised following ihe grant of probate and when sufficienl inforn]ation has be¢n received to enable valuation of the Charity's entitJem¢nt. Expenditure Liabiltties are recogni5cd as expenditure as soon as there is a legal or constrnctive obligation committin8 the charity to that expenditure. it is probable that & transfLr of cconomic benefits will b¢ required in settlement the lount of the obli8alion Can be measured reliably, Expenditure 15 accounted for on an &¢¢ruals basis and has been classified under headings that aggregate all $t related to the category. Where Costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of re50ur¢es. Grants payable are payments to third parties in furtherance of th¢ Gharitable objects of th¢ Charity. A grant offer is accrued once agreed by the Trust5 and the recipient has been advised of the amounl awarded. Grants th8t are subject to the recipieni fulfilling perfonnan¢e condilions are only accrued when the Trustees are satisfied that such conditions have been fulfill¢d and the recipient has been notifjed of th¢ grant. Support costs include those in¢UTred in the day day operalion of thc Charity and include stAtutory examination and leg&1 fees. I[r¢Verable VAT is charged against the expenditure hLading for which it was incurred. T4x41ion The Lharity is excmpt from tLY on its charttable a¢tivities. 12
THE CHARTERED ACCOUNTANTS LIVERY CHARtTY NOTES TO THE FINANCIAL STATEMENTS - eontinued for the year ended 30 September 2024 ACCOUNTING POLICIES - continued Fund aeeoullting The Expendable Endowm¢nt represents funds principally accumulated during the first 21 years of the Charity under its Trusl Deed dated 14 January 1988. Atler that dat¢ furth¢r sums h4v¢ been added through 8ains less 105ses on the investments held by thi5 Endowment and from donations specifically made to the Endowment. In accordance with the Trust De¢d the Trustees may al ony time by resolution of the Trustee Board apply any or all of this Endowment Fund for the Objects of the Chariry. The Cork Fund was created on 8th July 2021, donAtions to which are intcnded to be retained as Gapilal to 8¢n¢rate income to Supplement and increase the annual hnds available for distribution. Unrestricted Income funds are unrestricted funds ihat can be used in aGGordan¢e with the charitsble objectives at the discretion of the trnst¢¢s. Restricted funds can only be usd for particulor restricted purpo¥¢b Wlthin the obje5 of the charity. Restrictions arise when specificd by the donor or when funds arc raised for particular restried Pu¥Ses. Further explanation of (he Tjature and purpose of each fund 15 included in the notes to the financial 8tatements. Inveytm¢nl$ Investments &ro recognised initially at their transartion valu¢ and subsequently measur at their fair value As at the balance sheet date using quoted mid-markct prtces #t the c105c of business. The Statement of Financial Activities includcs the gaitts and losses arising on revaluation and disw9als throughout the year. GolD% eoll¢¢rn The finanoial statemcnts have been prepared on a going concern basis as the Trustee5 believe that no material uncertainties or risks exist. They have con5id¢red th¢ level of funds held and the expccted level of ineome and expenditurc for12 month5 from authorising ihe5e financial 5taiemcnts. Financl41 In5trumeDts Financial Instruments such as cash and debiors are measured at ¢h¢ir present value of the amounts r¢¢¢ivable, less an allowance for the expe¢tcd level of doubtful receivables. Ftnancial liabilities such as trade creditors, and loan¥ we measur¢d at the present value of the obligation. M*terlil JudE¢m¢ntY Illld uneertgintles The preparation of the financial statements requires management to make jud8emenls, estimates and assurnplions that affect thc amounts recorded for assets and liabilities us at the balanGe sheet date and the amounts reported for revenues and expcnses durin¥ the year. The nature of cslimalion mcans that actual Outcom could difter from those estimates. There are no judg¢tnents made that have a significant effect on the amounts recognised in the financial statements, INVESTMENT INCOME 2024 2023 Investmcnt income Ikp05it account interest 82,605 79,825 13
THE CHARTERED ACCOUNTANfs LIVERY CHARITY NOTES TO THE FINANCIAL STATEMENTS - conthiued for Ihe year ended 30 September 2024 3. GRANTS Unrestrleted Prlnclpal Chqrl¢qble Projecl Beyond Food FoundAtion 2024 2023 Bursaries Mllitary Welfare Grants SBS, RM Poole Scvenoaks 2158 Air Cadets 47 SquA(Iron H&W Sea Cadets (HMS Dundas) 3,000 3,000 (4.483) Causes relaled to the Clty andlts surroundlng boro48hs Lord maYu$ Appeal Livery Foud Inilia¢ive London Air Ambulancc I"reloars Trust Inspirational Trust Tommy's LLHM United Guilds Service St Pauls, Cathedral re Orchestral Mass Poppy Planling Sheriffs Challenge Garden of Remembrance British Red Cros5 Society Lord MayoPs 800th Anniversary Awards City Harvest Mansion Hou5¢ Scholarship kheme c.tty of London Academy . Edey prize Big Curry Lunch (via ABF) Help Musicians (St Cecilia) Sheriffs, & Rccorder's Fund Clergy Support Trust St Paul's Cathedral School re Bread Street Choir No Goin8 Back Pollinating London Together 3,500 5,000 s,000 3,000 1200 250 3,500 3.000 200 250 3,000 200 150 3.000 200 250 250 150 150 10,000 1,500 650 500 250 300 250 500 250 500 14
THE CHARTERED ACCOUNfANTS LKVERY CHARITY NOTES TO THE FINANCIAL STATEMENTS- conllnued for the year ¢Dded 30 Sepiemb¢r 2024 3. GRANTS (Continued) 2024 2023 O¢hergrants BIBIC The Community Hub Hackney Playbus Stren8th and Learning Through Horses Toucan Employment Inwmmon Magical Taxi Tour Homestart Harringay Chapter on¢ UK Ltd Park LAn¢ Slables Make Them Smilc Community Saf¢ty Education Weldmar HoSpicere Trust The Grange Fe.%tival Ri¥l¢y Avenue Primary S¢hool Team Up tor Social Mobility Wings For Wwiors Sporting Mcmories Skillway Polk74 Theatre LTSB MSCA Legacy Ltd Omnibus-clapham Helen Arkell Dyslexia Charity Meanwhil¢ Gardens Community A5$1110n Pland Penguin Football Foundation Music Masters The Children's Literncy Charity Carers Support Centre Parkinson's UK (in mem David Shaw) Community Safety EduCLon The Grange Festival Helen Arkell Dyslexia Charity Interfaith Gl8s¥ow Southbank Sinfonia 3,000 3,000 3,(KlO 2,500 3,1100 3,000 3,000 3,000 3,000 3,0(10 3,000 3,000 3,000 3,000 3,000 3.000 3,000 1000 Z,400 3,000 3,000 1,000 3.000 3,000 3,000 3.000 2.000 3.1)00 3.000 loo 2,200 3,000 3,000 3,70 2,700 15
THE CHARTERED ACCOUNTANTS LIVERY CHARITY NOTES TO THE FINANCIAL STATEMF.NTS - tontinued for the year ended 30 S¢ptember 2024 3.CRANTS (Continued) Oiher Grants (Continued) The Ko¢stler Trust Helping Disabilities The Children's Literacy Charity The GASP Motor Project XLP Queen's Commonweallh T$t Broml¢y by Bow Centre Chi¢hest¢r Festival Theatre Vision Foundation for London Lcadcrship through Sport and Business Andrew Simpson Sailing Foundation Creaie Community Network Leadership through Sport and Business Life Cycl¢ Prisoners Education Trust London Village Network Association of Chairs ICAEW Level 4 Apprenticeship Sch¢m¢ Prizes 2,600 3,000 3,000 3,000 3,000 2,500 5,000 2.500 2.500 2.500 2,975 3,000 3,000 3,000 3,000 2,500 3,000 300 188 000 168 742 Restrlcted Livery Schools Link Lld City Harvest 1,500 1,000 800 Tot41 189 500 170 542 16
THE CHARTERED ACCOUNTANTS LIVERY CUARrrY NOTES TO THE FINANCIAL STATEMEIYTS - coDtiDu¢d for th¢ year ended 30 September 2024 SUPPORT COSTS Governanc¢ costs Management Totals Support costs Support Costs, includ¢d in the above, are as follows: Managemext 2024 Support 051s 2023 Total arfivitlC8 Share of Clcrks, fees Other ¢osts Bank & direct debit chargcs 15,000 213 963 15,0(10 1,739 GoverDaDee co$1$ 2024 Support 05ts 2023 Totsl a¢livilics Independent examination TRUSTEES. REMUNERATION AND BENEFTTS Th¢re were no trustees, r¢munerrétion or other benefits ftir the year ended 30 S¢ptember 2024 nor for th¢ yr ended 30 September 2023. Trusteej, ¢xp¢n$es There were no trustees, ¢xpenses paid for the year ended 30September2024 nor for the year ended 30 September 2023. 17
THE CHARTERED ACCOUNTANI3 LIVERY CHATy NOTES TO THE FINANCIAL STATEMENTS - eontinlled for Ihe yeAr eDd¢d 30 S¢pternber 2024 COMPARATIVKS FOR TIIE STATEMENT OF FllYAIYCIAL ACTivrrIES Unrestricted Restricted fund funds Endowment nd Totsl fun& INCOME AND ENDOWMENTS FROM Donations and legacies 138.693 800 139,493 Investment income Total 220 302 800 221 102 EXPLNDITURE ON Raising funds 8,938 8,938 Cbarltsbl¢ Actlvllles Grants to institutes Support Costs 168,742 1,800 170,542 TotAI 198 661 200 461 Net 8ain$ on inv¢51ments 673 NET lNCOMEI(EXPENDuRE) 22,314 (1,000) 26,501 47,815 RECOLYCILIATION OF FUNDS Tut41 ndS brou8hi forward 97,923 2,500 2,020,609 2.121,032 TOTAL FUNDS CARRIED FORWARD 120 237 2047110 2 168 847 18
THE CHARTERED ACCOUNTANTS LIVERY CHARITY NOTES TO THE FINANCIAL sTATEmES- conllnued for the y¢*r ended 30 September 2024 FIXED ASSET INVESTMENrs Listed investments MARKET VALUE At l October 2023 Additions Disposals Revaluations 2,060228 302,002 (321,982) 218 799 At 30 Scptember 2024 IYET BOOK VALUE At 30 Sepkmbcr 2024 At 30 September 2023 2 060 228 There were no invlMent Sets outsid¢ the UK. Cost or valuation &t 30 September 2024 is representcd by: Ll8ted Inve.Itments Valuation in 2024 Cost 474,591 1784 456 DEBTORS: AMourS FALLING DUE WITHIN ONE YEAR 2024 2023 Gift Aid recov¢rNble Sundry debtors Accrued income 20J29 25,066 426 32 CREDITORS: AMOUIYTS FALLING DUE WITHIN OIYE YEAR 2024 2023 Chartercd Accountants, Company Loan Other cr¢ditors 70,000 19
THE CHARTERED AccourirAf4TS LIVERY CHARrrY IYOTES TO THE FINANCIAL STATEMENTS - Continued for the year ¢Dded 30 September 2024 io. MOVEMEIYT IN FUNDS Net movement in funds At 1.10.23 At 30.9.24 Unrestrlctèd funds Income fund 120,237 12220 132,457 Restrleted funds SouTce2City (part of the GRG Gen¢ral relief Fund) 1.500 (IAOO) Endowment fvnds Expendable Endowment ftd '1lie Lork Fund 2,047,110 213J86 2360,496 2 047,110 227 029 TOTAL FUNDS 2 168 847 237 749 96 Net movement in nd, inGluded in the above are as follows: IDcomin8 resources Resources expended G8ins and losses Movement in funds Unrestrleted funds Income fund R¢$trlcted funds Sourc¢2City (part ofihe GRG General r¢li¢f Fund) Endowment funds Expendable Endowment fund The Cork Fund 223,743 (216,935) 5,412 12J20 (1,500) (1,500) 213a86 213J80 213 227 029 TOTAL FUNDS 237 218 435) 218 798 Comparatives for mov¢m¢ut ID fulldj At 1.10.22 Net movement in funds At 30.9,23 Unr¢stri¢t¢ql funds Income tsnd Restricted lunds Source2City (part of the GRG General relief I'und) Endowment funds Expendable Endowment fund 97,923 22,314 120.237 2,500 {i.000) 1.500 2,020.609 26,501 2,047,110 TOTAL FUNDS 2 121032 2.168 847 20
THE CHARTERED ACCOUNTANTS LTVERY cllARY NOTES TO THE Fif4AIYCtAL STATEMEIYTS - contlnued for the year ended 30 September 2024 io. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources ¢xpended (lains and losses Movement in funds Unrestricted funds Income fund 220,302 (198,661) 673 22,314 Restrlcted funds Source2City City Harvcst {I,000) (1,000) 800 800 (1,800) Endowm¢n¢ funds Expendable Endowment fund (1,000) 26.501 26,501 TOTAL FUNDS 221 102 200 461) A current year 12 months and prlor year 12 months combined posilion 15 as follows: N¢¢ rnov¢rn¢nt in funds At 1.10.22 At 30.9.24 Unrestrlct¢d tundj Income fund 97,923 34,534 132,457 R¢glrl¢led fundi Sour¢¢2City 2.500 (2,500) Endowment thndg Expendablc Endowment thnd The Cork Fund 2,020.609 239,887 2,260,496 2 020 609 253 530 2 274 139 TO]'AL FUNDS 2 121032 287 860 2 406 596 21
THE CHARTERED ACCOUNTANTS LIVERY CHARrrY NOTES TO THE FINANCIAI. STATEMENTS- eontinued for th¢ y¢ar ended 30 S¢pt¢mber 2024 io. MOVEIKENT IN FUNDS - contlnued A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows: In¢omiThg resources Resources expend¢d Gains and Movement losses in funds Unrestrl¢l¢d funds Income fvnd 444,045 (415,596) 6,085 34,534 Restrlettd funds SouT¥¢ to City City Harvest (2.50Q) (2,500) 800 800 (3,300) (2,500) Endowment funds Expendable Bndowmen¢ fund The Cork Fund 239.887 239,887 239 887 253 530 TOTAL FUIYDS 458 488 418 1196 245 972 285 564 11. ANALYSIS OF ASSETS AND LIABILIT1F PER FUIYD Current Year Unrestrict•d FuDd Restrlct¢d Fund Endowm¢nl Futtdj Total 2024 Fixed Asset - Tnvestments Current Assets Current liabilities 42,241 113,330 2,216,806 57,333 2,259,047 170.663 132 457 2 274 139 2 406 596 Priory¢8r Unrestrieted Fulld Restrbeted Fund Endowment Fund Total 2023 Fixed Asset- Investments Curnt A58ets CUent liabilities 50,966 144.838 2,009,262 37,848 2,060,228 184.185 1.500 119207 2 047 109 2 168 847 OKhi 22
THE CIIARTERED ACCOUNTANTS LIVERY CRARrrY NOTES TO THE FANCIAL STATEMENTS - contlttued for the y¢ar ended 30 Septémber 2024 12. FUNDS Expendable Endowment Fund The Chwity's EXndable Fndowment is an Anv¢stment fund held to generate income and ensure the stability of the grant making programme. It is th¢ Trustees, policy with effect from I It October 2024 that over a rolling 5-year basis to target maint2ining th¢ value orth¢ general expendable endowment fund in real terms. In the yearto 30 September 2024 the fund increased in value by £213.383, which was an increase of l 0.40/0 of th¢ value of the fund at the start of the financial year. The Consumer Prices Ind¢x (CPI) rosc by 1.7VD in the year to September 2024. Cork Fund The Cork Expendable Endowment Fund ereated on 8th July 2021 is an investment fi1n donations to which are intended to be retained as capital to generate income to supplem¢nt and increase the annual fijnds available for distribution. It is th¢ Trustees, policy to retain within the fund, capital gains and investment income equal to the incr¢a5c in CPI (At the year-end rate) + lQ/o. Any invcstment income #nd capital 8ains in exuess of this amount will be transfernd to th¢ unrestrictcd fund. Th¢ percenta8¢ rate kdd to CPI may be altered by a resolution of the Trustees. Where in any year. the investment in¢ome and capital gains are lower than the level agrccd by the Tru8tees, the shortfall shall be carried forward and recovered as soon as possibl¢ from future years investment income and capital gains. Unre8trlct¢d Fund Thc UntriCted income fund represents frec rcserV available to be distributed by vY of grants. The Trustees tend to support (in no particular order).. Cau5cs inlroduced by members of the Company and to c&us¢s in which Company member5 are involv¢d o Causcs which .8UPPOrt the welfare of personnel whu b¢lon8 or have belonged to the Company's militsry and other atriliations. o Caus¢s rclated to education for all ages, with a focu5 on Core enabling skllls such as financial literacy, numeracy literacy and di8ilal skills o Causes that will incrcasc social mobility and dlleviale povety in respect of children And youth in need. Causes wher¢ the grant will make a significant difference o Causes which are associated with the arcountancy profession, the City or the Liv It is the Trustees, policy that, taking one year with another, over a period oftimc approximately 90°h of unrestricted income and investment gains less expens¢5 should be distributed as grants, any unexpended balanc¢ being held as Unrestricted income funds. Restrlettd Fund In the previous year as a result of a direct appeal during the year the Charity r¢Geived restricted mainly from members, for City Harvcst. donations, In 2022 year the Charity received a donation from Source2City (part vf the GRG Gen¢ral Relief Fund) which was restricted by the donor. The fjjnd was expended during 2023 and 2024. 13. RELATED PARTY DISCLOSUKES The Charity received £1,203 (2023 - £631) from the Chartered Accountants Company. Thc Charily uwed £13.606 to the Chartered Accountants Company on current a¢¢ount as at 30 September 2024 (2023 - £34 l owed by the Chartered Accountants Company ). Th¢ £70,000 inlercst free loan from the Chartered Accountants Company was rcpaid in full in 2024. 23
THE CHARTERED ACCOUNTANTS LIVERY CHARITY DETAILED STATEMEIYT OF FINANCIAL AcfiviTIES ror the year elld¢d 30 September 2024 2024 2023 INCOME AND ENDOWMENTS DontlOllS WDqI l¢gaci¢s Donations mostly from members of The Chartered Arxounlants, Company 152,446 139.493 Invoatmtnt Ineome Investment income Deposst aGGount interest 82,605 79,825 TotAI Incomlng resourcey 237,386 221,102 EXPENDITURE RisiDg donationj and legaciti Inveslm¢nt management fees 9279 8,938 ChAritable attivitits Granls to institutions 189,500 170,542 Support costs ManagemeDI Sharc of Clerks, f¢¢$ Other costs Bank & direet debit charges Is,000 213 963 15,000 1,739 16,176 17,801 Covern*net eogts Indcpendent examination TLitai r¢$our¢¢s expended 200 461 Ntt Income before gglns And losses 18951 20.641 Realised recognised galns and lossts Realised gainsl(losses) on f¢d asset investments 218 798 Net IDcom¢ 237 749 24
THE CHARTERED ACCOUNTANTS LIVERY CHARITY THANKS TO DONORS The Trustees acknowledge with grate1 thanks gifts received in the year ended 30 September 2024 from the following. most being m¢mbers of Th¢ Chartered Aceounlants, Company. W¢ ar¢ also very grateful to our Company members and others who took part in and supported sponsored events for ihe Charity'5 benefit. Sir Gerald Acher Asrfhhmed 04¥id Allen Su8an Almond Cl8ir• And•rson vtoria Andfthl Rrch8rd Andf8WS Chartes Ansley Keith AJvndale Mike A5hl8y Johan Aur8n Malcolm Bacehu8 Chrissie Bacon Arthuf Bailey &)hn Bakef Paul Baker Bob Baméti Michael Barton Caroline Bass Elizaboth Bassett Royr Bates Andfew 8atty Tony Bonn¢ilh Jonathan Bewe8 Abdul Bhanji Charfes Biggin Dwlid Bill Dld 818if Derek 81air Charles Bowman Eme Bowyer Ajexandra BOW• Mi19$ Bradtry uart Bridge5 Ch8dotte 8rigdan Kathryn Bt?tten Adam Broka Philip Brook Will Brooks Colin &own Clifford Bygrwe Héather Bygr John Cardnell Olma Carling Niall Carroll Aftdfèw Capr Tony Cates Bhwdn ch1998n3 lan Chèry D8Nqd Chity Fayezul Choudhury Sanaw3r Choudhury Martin Clapson Da¥id Clathe John Coombe Chrislabel Cowling Philip Cfook$ Thomas Crow• lain Cummin9S John Cury Jimmy Daboo Rots'n Darbyshiro Margarat Dawes Paul Denty Peter Diclunson Linda Dixon Clwe Dodds Paul Dnjckman Tom Dwio Keith Durwa Richard Dyson Old Eagles D&id Elm$ Clive Emerson Jamès Esllin Sir Peter Estlin ngu$ Farr Richwd Farr John Fetthan Le81ie Ferrar Sue Field Robin Fieth rim Fitzpatrick Michael Fowle John Francis Dwd Franklin Angela Ffeeman Mark Fresson Anrn Ganguli Ken Gard8ner Jarrns Gihon Gecrf G10 thony Glonton Poter Glenton Gauge Godfr4y Herry Gold Fiorn Goklsmiih Graemg Gordon Ja Giaham Daff Tet8sa Graham Kom8th Gr8atbatch RiclBrd Gr88n Jotn Greonhalgh Kèith Greenhalgh GeoTrey Griggs JorAthan Grosvenor Sharon Gunn Ffarthi Hackett Martin Ha9en Slu8rt Hancock SirJeremy Hanley Mltha#l Hafdman Dec'd Tory Harper Nat Hafper DoJ195 Harrison Jotrn Hamson Tror Hanison PetsT Haffison Bill Hartley Mithael H8*in$ Kthin Hayman Miles Hedges Pad Von Oe Hyde Sian Hill Math Hindmarch ste•n Hodgson Ruth Horgan Mafft Hudson Jefvy Huff Chris Hum10Y Sc(It Huntley cli Hyman Constantiné loannou DW•idI5heQod Will Jackson Michael Jeans Jeffgrson &'t Brian J¢nkn'n$ P8ter Jenkins Kiefan Johnson Chafles Jone$ Fran Ka0mhen Raian KaF#)or N8eraj Ka Eiic Kench Max Kendall an Kingsley Kenneth Kirk Anthony Kom•dara Jack Ladtrfeze Gr3ham Lamont Dwd LaFlhom Roger L4wson Erd Le Good Michael Legg Simon Lett8 Charfes Leis Hilary Lindsay Nicho188 Lloyd Stethen Lockley Jane Lodye Lord Leigh of Hurfgy Graham Lovelock Mich891 Lowe Mark Lumsdon•Tayl Dmitry Lysenko Paul Mabe Neil Macdonald John Machin James Macnamara Richard Macve LirHla Main Kaaeed Mamuiee Sten Ma91in D&id Matthews Oouglas M¢Millan 25
THE CHARTERED ACCOUNTANTS LIVERY cHARy THANKS TO DONORS (continued) Kamini Mehta Joanne Merchant Roger Merchant Chris Mery Mike Metcalf Victoria Middlelon Matthew Millane Tarun Mistry Rotsert MItcklI Sheilagh Moffat Edith Monfiies Peter Moor8 Margaret Mordssey Jayne Mould Jon Moulton Martln Muirhead Mafk Mullins Glles Murphy Claire Musgra Chrfstopher Napier Jenny Nelder Sir Brian Nlcholson Rodney Norman Vince O'Brten Akinbiyi Oloko Sally 014eill Sally-Ann Orton Nicholas Page cli Parritt KwAn Pary William Parry Viresh Paul Gareth P8arce Lynn Pearcy Da%id Pery Andrew Pianca Russell Picot Shaun Pitt Andrew Popham lan Powell Mart( Pugh Pars Puwl Sir Michael Rake Alan Ramsey Mlchael Ransc Andrew Ratcliffe Dad Redfem Matthew Rees Jasdev Rehncy Mark Rennison Edwin Richards Mlchael Rlchardson Tom Robb Tim Roberts Jill Roblnson Martln Robinson Paul Rolison Gerald Russell Daithd Sa%r Da)Ad Scott Tre Seckel Rod Sellers Richarf Sexton Nalma Siddlql Sean Sloan Anne Smith Jeffrey Smith John Smith Peter Smith Rlchard Smith Susan Smith Robert Smyth Emma Snow Vemon Soare Richard Somers Robert Sp8dding John Spencer Matk SFK)fforth Sam Stafford Allen Klm Stanlforth cli sten$ Brian Straughan Mark Summenleld Andrew Sutton Martin Sutton Jon Symonds Nlcos Syrlmls Derek Tail Walker Phillip C Taylor Philip K Taylor Lloyd Trna8 Deirdre Thomas Rlchard Thomas Douglas Thompson Keiin Thompson Peter T(yNnsend Neiille Trotter Penelope Tuck Nigel Tumbull Ber1eY Tumer Richard Wade DaiAd Walker Petw Walk8r Chrlstopher Walliker Jon Walli$ Carol Wart)urton Chrls Ward Graharn Ward D&id Watson Nigel Watt8 Edward Weiss Yancey Westerfield Martin Wheatcroft Richard Wheater Stethen Whitaker John Whiter Llnda Wigglns Huw Williams Polly Williams Peter WllllamB Geofftey Willies Richard Wilson Tery Winter Alan Wlntersgill Robert Woolford Melanle Woth8rspowJn Matthew Wreford Andrew Wrfght Peter Wyman Mary Yale David YCUNJ Gino Zabeo 26