2021-06-30-accounts - Salters' Charitable Foundation

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			Unrestricted		Expendable	2021	2020
			General	Restricted	Endosvment	Total	Total
			Fundf	Fundsf	Fundf	Fundsf	Fundsf
Income from:		Notes
Donations			146,991	20,521	30,034	197,546	190,776
Investments			28,716	12,191		40,907	56,005
Charitable activities			400			400	2,320
Total income			176,107	32,712	30,034	238,853	249,101
Expenditure on:
Charitable activities		3	48,638			48,638	49,622
Charitable donations		4	26,050	83,164		109,214	134,087
Costs incurred making
donations		5	32,429	5,191		37,620	36,292
Other		6	3,966	635		4,601	6,902
Total expenditure			111,083	88,990		200,073	226,903
Nct income before	gains on
investments			65,024	(56,278)	30,034	38,780	22,198
Transfer between	funds			7,907	(7,907)
(Losses)/Gains on
investments			49,410	6,369	256 772	312,052	(117,277)
Nct movement in funds			114,434	(42,002)	278,400	350,832	(95,079)
Reconciliation offunds
As 1 July 2020			325,774	42,002	1,691,467	2,059,243	2,154,322
As 30June 2021			440,208	0	1,969,867	2,410,075	2,059,243

			Unrestricted		Expendable	202l	2020
			General	Restricted	Endowment	Total	Total
			Fundf	Funds	Fundsf	Fundsf	Funds
Salters' Company	Grant-in-Aid		110,000			110,000	87,788
Charities ofNicholas		and
Beamond				18,000		18,000	30,000
Livery Donations			36,991	2,521	30,034	69,546	72,988
			146,991	20,521	30,034	197,546	190,776

Charitable activities
								2021f	2020f
Costs relating to the charitable activities ofproviding						an educational	public
programme.								48,638	49,622
Charitable donations
General Fund								2021	2020
								f	g
Military and Cadet Affiliations
Northern District, London	Area		Sea Cadet Corps					1,500	1,500
South West London Army		Cadet		Force				1,500	1,500
RAF Air Cadets London Wing								1,500	1,500
The King's Royal Hussars	Regimental				Association			1,000	1,000
HMS Vengeance Welfare	Fund		and Crew Prize					300	300
Bursarics and education
Arkwright Scholarships Trust								4,400	4,400
The Lord Todd Memorial	Bursary At				Christ's College			3,250	3,250
City
Mansion House Scholarship		Scheme						2,000	2,000
St Paul's Cathedral Foundation								1,000	1,000
Medical
Cure Parkinson's Trust								1,000	1,000
RAFT									500
Other donations
Royal British Legion (City		ofLondon			poppy appeal)			150	150
St Mary's Grammar School								75	75
St Pius XCollege								75	75
Rainey Endowed School								75	75
Sperrin Integrated Cogege								75	150
Magherafelt High School								75	75
Kilronan School								75	75
Members' matched fundin
Tertiary Education Scholarship			Trust
Africa									500
Young Minds								5,000
						Sub-total carried forward		23,050	19,125

Charitable donations	(continued)	(continued)	(continued)
							2021f	2020f
					Sub-total brought	forward	23,050	19,125
Masters' Discretionary		Fund
RAFT								1,500
Cransley Hospice								1,500
Samaritans' City Hub							3,000
Total charitable donations			from General Funds				26,050	22,125
Relief ofNeed Restricted			Fund				2021f	2020f
Community
Voyage							3,000	10,000
Doorstep Library								2,000
East London Cares								2,000
Drive Forward Foundation								2,000
Previous grant awarded;		not paid						(5,000)
Military and Cadet Affiliations
The Royal Naval Benevolent Trust							1,000	1,000
Bursaries and education
City ofLondon School	for		Girls		(1)		20,664	19,212
Christ's Hospital					(2)		11,000	11,000
Royal National Children's		Springboard		Fund	(3)		10,000	10,000
The Guildhall School Trust			(GSMD)		(4)			17,500
City &Guilds							2,000	2,000
Farheen Muhammed							500
City
St Giles Church Residents'			Fund				3,000	2,500
Treloar's							2,000	2,000
Lord Mayor's Appeal							1,500	1,500
Sheriffs' and Recorders'	Fund						1,000	1,000
Lord Mayor's Curry Lunch,			supporting	ABF	(The Soldiers Charity)		1,000	1,000
Medical
HFT (Home Farm Trust)								1,000

Response to Covid-19 pandemic	Response to Covid-19 pandemic		2021f	2020f
London Community Response Fund			8,000	10,000
Livery Kitchen Initiative			10,000
Tower Hamlets Friends &	Neighbours			5,000
Providence Row				5,000
The Trussel Trust				5,000
Royal SpringBoard				4,000
Samaritans City Hub			4,500	1,000
HIT				1,000
Salters' members			4,000
Age UK London (Golden	Lane Food	Bank)		250
			83,164	111,962
Total charitable	donations	made during the year	109,214	134,087

			General	Restricted	2021	2020
			Fund	Fund	Total	Total
					f	f
Secondment	charge - The Salters'
Management	Company	Ltd a	32,429	5,191	37,620	36,292
			32,429	5,191	37,620	36,292

				General	General		Restricted	2021	2020
					Fund		Funds	Total	Total
					f		f	f	f
Audit fees					3,000		480	3,480	4,600
Investment	management			&other	966		155	1,121	2,302
					3,966		635	4,601	6,902
Investments
								2021f	2020
Equities								2,342,538	1,977,399
Cash deposits with Newton								411	1,498
								2,342,949	1,978,897
Equities
Market value		at I July						1,977,399	2,058,747
Additions								53,087	102,388
Disposals									(66,459)
Net investment			(losses)/gains					312,052	(117,277)
Market value at 30June								2,342,538	1,977,399
Historic cost								1,424,728	1,371,641
Investments		held at 30		June 2021 considered	material	in	the context ofthe market value ofthe		portfolio
are:
Newton Fund Managers				Global Growth and	Income	Fund for Charities		2,320,934	1,960,553

The General	The General	Fund comprises	Fund comprises	the following:			2021	2020
							f	f
General	fund						421,141	309,280
Manor ofSal							19,067	16,494
							440,208	325,774
Funds					Relief of
					Need	Expendable	2021	2020
				General	Restricted	Endowment	Total	Total
				Fundf	Fund f	Fund f	Funds f	Funds f
Investments				373,082	0	1,969,866	2,342,949	1,978,897
Net current assets				67,126			67,126	80,346
				440,208	0	1,969,866	2,410,075	2,059,243
Expendable		endowment	fund analysis		Relief of
					Need	General	2021	2020
					Endowment	Capital	Total	Total
					Fund	Fund	Funds	Funds
					f	f	f	f
Investments					659,904	1,309,962	1,969,866	1,691,467
					659,904	1,309,962	1,969,866	1,691,467
PRIOR Funds	YEAR:				Relief of Need	Expendable	2020	2019
				General	Restricted	Endowment	Total	Total
				Fund	Fund	Fund	Funds	Funds
				f	f	f	f	f
Investments				245,428	42,002	1,691,467	1,978,897	2,059,028
Net current assets				80,346			80,346	95,294
				325,774	42,002	1,691,467	2,059,243	2,154,322
PRIOR YEAR: Expendable endowment analysis			fund		Relief of Need Endowment	General Capital	2020 Total	2019 Total
					Fundf	Fund f	Funds f	Fundsf
Investments					577,760	1,113,707	1,691,467	1,657,338
					577,760	1,113,707	1,691,467	1,657,338

Statement of	Financial Activities for th	e year ended 30	June 2020
			Relief of
		Unrestricted	Need	Expendable	2020	2019
		General	Restricted	Endowment	Total	Total
		Fund	Fund	Fund	Funds	Funds
					f	f
Income
Donations		34,)47	32,802	123,827	190,776	171,150
Investments		39,109	16,896		56,005	52,063
Charitable activities		2 320			2,320	2,450
Total income		75,576	49,698	123,827	249,101	225,663
Expenditure
Charitable activities		49,622			49,622	30,826
Charitable donations		22 125	111,962		134,087	46,075
Costs incurred	making donations	3)496	4,697		36,293	35,680
Other		6,009	893		6,902	4,859
Total expenditure		109,351	I )7,552		226,903	117,440
Nct incoming	resources before other
gains and losses		(33,775)	(67,854)	)23,827	22,199	108,223
Gains on investments		(22,121)	(5,458)	(89,698)	(117,277)	136,461
Net incoming	resources before
transfers		(55,896)	(73,312)	34,129	(95,079)	244,684
Reconciliation	offunds
As I July 2018		381,670	I )5,314	1,657,338	2,154,322	1,909,638
As 30June 2019		325,774	4%002	1,691,467	2,059,243	2,154,322