2023-09-29-accounts

Contents	Page
Trustee’sReport	1-9
IndependentAuditor’sReport	10-12
StatementofFinancialActivities	13
BalanceSheet	14
CashflowStatement	15
NotestotheFinancialStatements	16 -23

		Un-
		restricted		Restricted		Endowment
	Notes	Funds		Funds		Funds	2023		2022
		£		£		£	£		£
Donationsandlegacies		53,973		9,450		-	63,423		80,841
Investments		57,300			-	-	57,300		59,464
TotalIncome	2	111,273		9,450		-	120,723		140,305
Expenditureon:
Raisingfunds		17,737			*	-	17,737		22,655
Charitableactivities	3	891,800		65,998		-	957,798		935,932
TotalExpenditure	4	909,537		65,998		-	975,535		958,587
		(798,264)		(56,548)		-	(854,812)		(818,282)
Netgains/(losses)on Oninvestments			.		-	336,126	336,126		(356,913)
Net(expenditure)income		(798,264)		(56,548)		336,126	(518,686)		(1,175,195)
Transferbetween
funds:		798,264		29,375		(827,639)		-		-
Netmovementin	funds:		-	(27,173)		(491,513)	(518,686)		(1,175,195)
Balancesbroughtforward
30September2022			-	29,955		3,610,791	3,640,746		4,815,941
paianeesCare.onward 29September2023			-	2,782		3,119,278	3,122,060		3,640,746

	Notes	2023	2022
		£	£
FixedAssets
Investments— atmarketvalue	6	3,213,738	3,395,847
		3,213,738	3,395,847
CurrentAssets
Debtors		8,935	31,553
Cashatbank		244,790	595,164
		253,725	626,717
Creditors:amountsfallingdue withinoneyear	7	(236,109)	(239,330)
Netcurrentassets		17,616	387,387
Creditors:amountsfallingdueaftermorethanoneyear	8	(109,294)	(142,488)
Netassets		3,122,060	3,640,746
Funds
Unrestrictedfunds	9	-	-
Restrictedfund	9	2,782	29,955
Endowmentfunds	9	3,119,278	3,610,791
		3,122,060	3,640,746

		Notes	2023 £	2022 £
Cashflowsfromoperatingactivities: Netcash usedinoperatingactivities		11	(922,295)	(955,567)
Cashflowsfrominvestingactivities: Dividendsandinterestfrominvestments Proceedsfromsaleofinvestments Purchaseofinvestments Decrease/(Increase)incashawaitingre-investment Netcashprovidedbyinvestingactivities			53,686 885,248 (381,330) 14,317 571,921	59,236 1,572,466 (874,311) 419,516 1,176,907
Changeincashandcashequivalentsin	theyear		(350,374)	221,340
Cashandcashequivalentsatthebeginningof thereportingperiod			595,164	373,824
Cashandcashequivalents attheend reportingperiod	ofthe	12	244,790	595,164

ncomeandendowments
	Total	Total
	2023	2022
	£	£
Unrestricted
GiftAidfromCompany	1,040	-
Incomefrommembers	40,305	41,703
Donations	12,628	2,383
Incomefromlegacies	-	5,000
Investmentincome	53,686	59,236
Bankinterest	3,614	228
Ahoyintra-liveryevent	-	1,800
Restricted
Incomefrommembers-Ukraine	9,450	29,955
Totalincomingresources	120,723	140,305

Amountsapprovedforpaymentinyear	2023 £	2022 £
FromUnrestrictedFunds:
PrincipalCharities	331,000	373,459
SelectedAppeals	.	5,000
EnhancedSelected	18,000	28,000
HammersmithandPeckhamCharities	58,000	40,000
NewZealandScholarshipsandFellowship(netofcancelled grant)	160,087	150,284
IrishGuards	30,000	25,000
LeatherFund	13,625	18,250
IslingtonCharities	=	10,000
Ukraine	65,998	:
Other	37,385	25,370
OneOffGrants	30,000	18,500
Entertainment— Charityuseofhall	7,299	9,328
JockFrenchCharitableFund	132,050	120,200
ChristmasCourtCharity	31,000	32,000
Master’sFund	1,500	3,500
TotalDonationsapprovedforpayment	915,944	858,891
Broughtforwardaccruedbursaries	(328,555)	(374,157)
Carriedforwardaccruedbursaries	229,972	328,555
Totaldonationspayable	817,361	813,289
Directstaffcosts	69,790	59,907
Governancecosts: Staffcosts Auditfees Charitiesdatabasesoftware Professionalfees Entertainment	36,444 6,500 1,440 204 26,059	31,532 6,732 1,320 197 22,955
Totalcostscharitableactivities	957,798	935,932

	£
AhoyCentre	25,000
BaronsCourtProject	10,000
BosenceFarmCommunity	10,000
CountryTrust	25,000
CrownandManorClub	17,500
DorothyHouseHospice	20,000
GordonFoundation	15,500
GuildhallSchoolofMusicandDrama	15,000
HoneypotChildren’sCharity	20,000
IrishGuards	30,000
KingEdward’sSchool,Witley	18,000
LondonYouth— HindleapWarren	12,500
LordMayor'sAppeal	10,000
QueenElizabeth’sFoundation	15,000
RoyalSchoolofNeedlework	20,000
SportsAid	12,500
StGilesTrust	25,000
StPaul'sCathedralChoristerTrust	11,000
Switchback	20,000
TheVineCentre	15,000
WestminsterHouseYouthClub	15,000
YoungActorsTheatre	10,000
HAFGB	25,000
LelekaFoundation	20,000
TheUniClinicalHospitalinOpole	10,000

4.	Totalexpenditure
		Staff	Direct	Total	Total
		Costs	Costs	2023	2022
		£	£	£	£
	InvestmentManager'scosts CharitableActivities	- 106,234	17,737 851,564	17,737 957,798	22,655 935,932
		106,234	869,301	975,535	958,587

	2023	2022
	£	£
Staffcosts:
Wagesandsalaries	78,550	68,675
Employer’sNIC	10,839	8,046
Pensioncosts	16,845	14,718
	106,234	91,439

		2023	2022
		£	£
Quotedinvestments
Listedinvestments	3,139,014		3,306,806
Cashawaitingre-investment		74,724	89,041
	3,213,738		3,395,847
Marketvalueat30September2022	3,306,806		4,361,896
Additions		381,330	874,311
Disposalatcarryingvalue	(817,050)		(1,631,129)
Unrealisedgains		267,928	(298,272)
Marketvalueat29September2023	3,139,014		3,306,806
Costofinvestmentsat29September2023	2,325,838		2,637,418
Creditors:amountsfallingduewithinoneyear	2023	2022
	£	£
Accruals— auditfee	6,500	6,120
Accruals— investmentmanager’sfees	4,500	5,000
Accruals— other	-	2,383
Other— charitabledonations	216,744	213,508
DuetoTheGirdlers’Company	8,365	12,319
	236,109	239,330

8.	Creditors:amountsfallingdueaftermore	thanoneyear	thanoneyear
			2023				2022
			£				£
	Charitabledonations		109,294			142,488
9.	Analysisofnetassetsbetweenfunds
	Yearended29"September2023
		Un- restricted	Restricted		Endowment		Total
		Funds	Funds		Funds		Funds
		£	£		£		£
	Fixedassetinvestments	-		-	3,213,738		3,213,738
	Netcurrentassets	109,294	2,782		(94,460)		17,616
	Creditors:fallingdueaftermorethanoneyear	(109,294)		-		-	(109,294)
		-	2,782		3,119,278		3,122,060
	Yearended29'"September2022
	FixedAssetinvestments	-			3,395,847		3,395,847
	Netcurrentassets	142,488	29,955		214,944		387,387
	Creditors:fallingdueaftermorethanoneyear	(142,488)					(142,488)
		-	29,955		3,610,791		3,640,746

Fund	Balance bfwd	Income	Expenditure	Transfers	Gains and	Balances cfwd
					Losses
	£	£	£	£	£	£
Unrestricted	-	111,273	(909,537)	798,264	-	-
Restricted	29,955	9,450	(65,998)	29,375	-	2,782
Endowment	3,610,791	-	-	(827,639)	336,126	3,119,278
Total	3,640,746	120,723	(975,535)	-	336,126	3,122,060
ptember2022
Fund	Balance bfwd	Income	. Expenditure	Transfers	Gainsand Losses	Balances cfwd
	£	£	£	£	£	£
Unrestricted	-	110,350	(958,587)	848,237	-	-
Restricted	-	29,955	-	-	-	29,955
Endowment	4,815,941	-	-	(848,237)	(356,913)	3,610,791
Total	4,815,941	140,305	(958,587)	-	(356,913)	3,640,746
			21

	2023	2022
	£	£
Netexpenditurefortheyear	(518,686)	(1,175,195)
Adjustmentsfor:
(Losses)/gainsoninvestments	(336,126)	356,913
Dividends,interestandrentsfrominvestments	(53,686)	(59,236)
(Decrease)/Increaseincreditors	(36,415)	(63,187)
Decrease/(Increase)indebtors	22,618	(14,862)
Netcashusedinoperatingactivities	(922,295)	(955,567)

		2023	2022
		£	£
Cash	inhand	244,790	595,164
Total	cashandcashequivalents	244,790	595,164

			Un-
	Notes		restricted Funds		Restricted Funds		Endowment Funds		2022		2021
			£		£		£		£		£
Donationsandlegacies			50,886		29,955			-	80,841		74,061
Investments			59,464			-		-	59,464		71,760
TotalIncome	2		110,350		29,955			-	140,305		145,821
Expenditureon:
Raisingfunds			22,655			-		-	22,655		21,183
Charitableactivities		3	935,932			-		-	935,932		839,896
TotalExpenditure		4	958,587			-		-	958,587		861,079
			(848,237)		29,955			-	(818,282)		(715,258)
Net(losses)/gains Oninvestments	on			-		.	(356,913)		(356,913)		687,593
Netexpenditure			(848,237)		29,955		(356,913)		(1,175,195)		(27,665)
Transferbetween funds:			848,237				(848,237)			“		3
Netmovementin	funds:			-	29,955		(1,205,150)		(1,175,195)		(27,665)
Balancesbroughtforward
29September2021				-		-	4,815,941		4,815,941		4,843,606
29September2022				-	29,955		3,610,791		3,640,746		4,815,941