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|Contents|||Page|
|---|---|---|---|
|Trustee's|Report|||
|Independent
Auditor's||Report|10-12|
|Statement|of Financial|Activities||
|13alance Sheet|||14|
|Cashflow|Statement||15|
|Notes to|the Financial|Statements|16-23|
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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|
##
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||||Notes|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|
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|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||||
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|Fixed asset investm|ents||||
|---|---|---|---|---|
||||2021|2020|
|Quoted investments|||||
|Listed investments|||4,361,896|4,174,693|
|Cash awaiting
re-investment|||508,535|32,827|
||||4,870,431|4,207,520|
|Market value at 30September 2020|||4,174,693|4,833,354|
|Additions|||1,031,872|3,307,843|
|Disposal ai carrying|value||(1,401,356}|(4,606,534)|
|Unrealised
gains|||556,687|640,030|
|Market value at29September 2021|||4,361,896|4,174,693|
|Cost of investntents|at 29 September 2021||3,208,880|3,235,635|
|Creditors: amounts|falling due|within one year|2021|2020|
||||6||
|Accruals —audit fee|||5,000|4,500|
|Accruals —investment|manager's|fees|6,000|3,500|
|Other —charitable
donations|||276,062
228,988||
|Ahoy Intra-Livery
event|||14,687||
|Due to The Girdlers'|Company||4,792
13,180||
||||306,541
250,168||
##
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|8.|Creditors: a|mounts
falling|due after more than|one year||
|---|---|---|---|---|---|
|||||2021|2020|
|||||8||
||Charitable|donations||138,464|136,684|
|9.|Analysis of|net assets between funds||||
||Year ended|29rh September|2021|||
|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|
##
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||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|
##
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||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.||||||