2021-09-29-accounts - The Girdlers' Company Charitable Trust

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	Unrestricted	Endowment
Notes	Funds	Funds	2021	2020
Income and endowments
from:
Donations and legacies	74,061		74,061	50,170
Ihvestrnehts	?1,760		71,760	112,057
Total Income 2	145,821		145,821	162,227
Expenditure on:
Raising funds Charitable activities 3	21,183 839,896		21,183 839,896	17,757 898,281
Total Expenditure 4	861,079		861,079	916,038
	(715,258)		(715,258)	(753,811)
Net Gains/ (Losses)
On investments		687,593	687,593	(14,401)
Net expenditure
before transfers	(715,258)	687,593	(27,665)	(768,212)
Transfer between funds:	715,258	(715,258)
Net movement in funds:		(27,665)	(27,665)	(768,212)
Balances brought forward
29 September 2020		4,843,606	4,843,606	5,611,818
Total funds carried forward at
29September 2021		4,815,941	4,815,941	4,843,506
All activities are continuing.

Balance	sheet	as at 29 Septe	mber 2021
			Notes	2021f	2020
Fixed Assets
Investments	—at market value			4,870,431	4,207,520
				4,870,431	4,207,520
Current Assets
Debtors				16,691	25,945
Cash at bank				373,824	998,993
				390,515	1,024,938
Creditors: amounts within one year		falling due	7	(306,541 )	(250,168)
Net current	assets			83,974	774,770
Creditors;amounts		falling due afler more	than one year:
Charitable	donations		8	(138,464)	(136,684)
Net assets				4,815,941	4,843,606
Funds
Unrestricted	funds		9
Endowment	funds		9	4,815,941	4,843,606
				4,815,941	4,643,606

			2G21	202G
			6	6
Cash flows from operating activities:
Net cash provided by (used in) activities	operating		(721,611)	(794,742)
Cash flows from investing activities:
Dividends end interest from investments Proceeds froin sale of investments Purchase of investments Increase in cash awaiting re-investment Net cash provided by (used in) activities	investing		71,760 1,632,262 (1,031,872) ~479,798 96,442	112,057 3,307,843 (3,952,103) ~25,393 731,124
Change in cash and cash equivalents	in the	year	(626,169)	(63,618)
Cash and cash equivalents at the beginning the reporting period		of	998,993	1,062,611
Cash and cash equivalents at the reporting period	end of	the	373,824	998,993

ncome and endowments
	Total	Total
	2021	2020
	6	8
Gift Aid from Company	6,500	10,000
Income from members	38,317	28,167
Donations	200	12,003
Income from legacies	23,820
Investment income —Equities	71,686	107,375
Investment income —Fixed interest		2,243
Bank interest	75	2,439
Ahoy intra-livery event	5,224
Total incoming resources	145,821	162,227

Charitable activities
Amounts approved for payment			in year		2021	2020
From Unrestricted Funds:
Principal Charities					297,00D	312,000
Selected Appeals					5,000	5,000
Enhanced Selected					43,600	43,600
Hammersmith and Peckham		Charities			36,000	36,000
New Zealand Scholarships grant)		and Fellowship		(net of cancelled	36,801	132,787
Irish Guards					25,000	25,000
Leather Fund					23,687	22,750
Islington Charities					8,000	8,000
Covid Emergency Grants						53,798
Other					22,000	10,000
Entertainment						4,122
Ahoy intra-Livery event					14,687
Jock French Charitable	Fund				127,700	124,2'i 0
Chdistmas Couri Charity					33,000	32,000
Master's Fund					1,500	3,000
Entertainment						854
Total Donatioffs approved		for payment			673,975	813,121
Brought forward accrued bursaries					(292,219)	(288,162)
Carried forward accrued	bursaries				374,157	292,219
Total donations payable					755,913	817,178
Direct staff costs					55,602	54,109
Governance costs:
Staff casts					20,915	20,505
Audit fees					5,852	4,500
Charities Database software						1,685
Professional fees					1,61D	304
Total costs charitable	activities				839,896	898,281

Ahoy Centre					25,000
Barons Court Project					10,000
Bosence Farm					10,000
Country Trust					15,00D
Crown & Manor Club					12,500
Dorothy House Hospice					15,000
Gordon Foundation					15,500
Guildhall School of	Music		and Drama		15,000
Haneypot Children's	Chanty				20,000
Irish Guards					25,000
King Edward's School,		Witley			18,000
London Youth —Hindleap			Warren		12,500
Lord IVIayor's Chadity					10,000
Norlhampton University					16,188
Queen Elizabeth's	Foundation				15,000
Royaf School of Needlework					15,0DD
Sports Aid Trus1					12,500
St Giles Trust					25,000
St Paul's Cathedral	Chorister Trust				11,000
Switchback					15,000
The Hardman Trust					10,000
The Vine Centre					10,000
Westminster House	Youth		Club		15,000
Young Actors Theatre,		Islington			10,000
Total expenditure
				6~aft	Direct	Total	Total
				Costsf	Costs F	2021	2020
Investment Iyianager's		casts			21,183	21,183	17,757
Charitable Activities				76,517	763,379	839,896	898,281
				76,517	784,562	861,D79	916,038
Staff costs
						2021f	2020
Staffcosts:
Wages and saladies employers's NIC						56,934 7,856	56,024 7,732
Pension costs						11,727	10,858
						76,517	74,614
				19

alysis ofnet assets between funds ar ended 29rh September 2021
	Unrestricted	Endowment	Total
	Funds	Funds	Funds
	6
Fixed asset investments		4,870,431	4 870431
Net current assets		94,224	94,224
Creditors; falling due after more than one year		(164,214)	(184,214)
		4,800,441	4,800,441
Year ended 29"September 2020
Fixed Asset investments		4,207,520	4,207,520
Net current assets		774,770	774,770
Creditors:felling due after more than one year		(138,684)	138,684
		4,843,606	4,843,606

		Balance Bfwd	Income	Expenditure	Transfers	Gains and Losses	Balances cfwd
					8	6
Income			'l45,821	(876,579)	730,758
Endowment		4,843,606			730,758	687,593	4,800,441
Total		4,843,606	145,821	876,579		687,593	4,800,441
Year ended	29"	September 2020
	Fund	Balance Bfwd 8	Income	Expenditure	Transfers f	Gains and Losses 9	Balances cfwd
Income			162,227	(916,038)	753,811
endowrnenf		5,611,818			753,811	14,401	4,843,606
Total		5,611 818	162,227	9'16,038		14,401	4,843,606

	Reconciliation ofnet expendit	ure to net cash flow from	operating activities
			2021f	2020
	Net expenditure forthe year		(27,665)	(768,212)
	Adjustments for:
	(Gains)/ losses on investments		(687,593)	14,401
	Dividends, interest and rents from investments		(71,?60)	(112,057)
	Increase/(decrease) in creditors		56,151	35,841
	Decrease/(increase) in debtors		9,254	35,285
	Net cash used tn operating	activities	721,611	794,742
12.	Analysis ofcash and cash equivaients
			2021	2020
			5
	Cash in hand		373,824	998,993
	Notice deposits
	Total cash and cash equivalents		373,824	998,993

	Unrest	acted	Endowment
Notes		Funds	Funds	2020	2019
Income and endowments
from:
Donations and legacies Investments	50,170 112,057			50,170 112,057	47,976 165,015
Total Income 2	162,227			162,227	212,991
Expenditure on:
Raising funds		17,757		17,757	17,642
Chaditable activities 3	898,281			898,281	842,582
Total Expenditure 4	916,038			916,038	860,224
	(753,811)			(753,811)	(647,233)
Net (Losses)/Gains
On investments			(14,401)	(14,401)	261,799
Net expenditure
before transfers	(753,811)		(14,401)	(768,212)	(385,434)
Transfer between funds:	753,811		(753,811)
Net movement in funds:			(768,212)	(768,212)	(385,434)
Balances brought forward
29 September 2019			5,611,818	5,611,818	5,997,252
Total funds carried forward at
29September 2020			4,843,606	4,843,606	5,611,818
AII activities are continuing.