| Patron | The Rt Hon The Lord Mayor | of | the City of London | the City of London | |||
|---|---|---|---|---|---|---|---|
| Trustees | Sir Michael Savory | ||||||
| Deputy J.Bennett MBE | |||||||
| Professor D. Bogle | |||||||
| A.J.C. Collett LLB | |||||||
| Ms M. Donnelly | |||||||
| S.D'O. Duckworth OBE DL |
CC | ||||||
| A.J.Gillett | |||||||
| Alderman A.J.Gowman |
|||||||
| Alderman and Sheriff Professor |
M. Mainelli | ||||||
| Brigadier D.M. Santa-Olalla | DSO MC | (until 31 October 2020) | |||||
| Ms Ruby Syed CC | |||||||
| Alderman Sir David Wootton |
|||||||
| Adviser | Lieutenant Colonel R.L. Martin |
MBE | |||||
| Bankers | HSBC Bank pic | ||||||
| 181 High Street, Berkhamsted | HP4 3HQ | ||||||
| Investment | Advisers | Charles Stanley &Company | Ltd | ||||
| 55 Bishopsgate, London EC2N |
3AS | ||||||
| Hon Solicitor | A.J.C.Collett LLB | ||||||
| BDBPitmans LLP, One Bartholomew |
Close, London EC1A 7BL | ||||||
| Hon Independent | Reviewer | John Cardnell FCA |
|||||
| Lygon House, 50 London Road, Bromley Kent BR1 3RA | |||||||
| Date ofTrust Deed | 11th November 1988 | ||||||
| Charity Registration | Number | 800504 | |||||
| Registered | Office | St Margaret's Church, Lothbury, |
London, EC2R 7HH |
| Income | Income | Expendable | Total 2020 | Total 2019 | ||||
|---|---|---|---|---|---|---|---|---|
| Fund | Endowment | |||||||
| (unrestri cted) | Funds | |||||||
| Income and Endowment | ||||||||
| Income from investments | 59,337 | 59,400 | 70,177 | |||||
| Interest Charles Stanley | &Co | 63 | ||||||
| Donations | 1 | 000 | 1 QQQ | 1 QQQ | ||||
| Total Income and | 60 | 400 | 60400 | 71 177 | ||||
| Endowments | ||||||||
| Expenditure | ||||||||
| Charitable activities expenditure: |
||||||||
| Awards paid |
4,800 | 4,800 | 56,300 | |||||
| Prizes | 175 | |||||||
| SSYAT | 1 | 350 | 1 350 | 1 350 | ||||
| 6 | 150 | 6,150 | 57820 | |||||
| Management & Administration: |
||||||||
| Adviser | 11,000 | 11,000 | 11,000 | |||||
| Mansion House Reception |
1,624 | |||||||
| Printing, stationery 8 |
office | 133 | 133 | 547 | ||||
| Postage | 117 | 117 | 372 | |||||
| Rent | 2 | 000 | 2000 | 2 000 | ||||
| 13250 | 13,250 | 15543 | ||||||
| Cost of raising funds: | ||||||||
| Investment management costs |
fees | & | 12336 | 12336 | 12273 | |||
| Total Expenditure | 19 | 400 | 12336 | 31736 | 85636 | |||
| Net (Outgoing)/Income | 41,000 | (12,336) | 28,664 | (14,459) | ||||
| /Expenditure before |
||||||||
| gains/losses on investments |
||||||||
| Gains and Losses on | ||||||||
| Investments | ||||||||
| Realised gains/losses | (Note 3) | 41,566 | 41,566 | 55,750 | ||||
| Unrealised gains/losses |
~72 337 | ~72 337 | 179201 | |||||
| Net Movement In Funds |
41,000 | (43,107) | (2,107) | 220,492 | ||||
| Reconciliation ofFunds |
||||||||
| Balances Brought Forward | 1 | |||||||
| January 2020 |
25 | 882 | 1 825 292 | 1 851 174 | 1 630682 | |||
| Balances Carried Forward 31 December 2020 |
66 | 882 | 1 782 185 | 1 849 067 | 1 851 174 |
| Fixed Assets | 2020 | 2019 | |
|---|---|---|---|
| Investments (Note 2) |
1 770683 | 1 759 047 | |
| Current Assets | |||
| Charles Stanley 8 Co Ltd | 102,646 | 112,989 | |
| Cash at HSBC Bank | 2742 | 7 143 | |
| Net current assets | 105389 | 120 132 | |
| Current Liabilities | |||
| Sundry creditors | 1 000 | ||
| Total net assets | |||
| 105389 | 119132 | ||
| ~1876072 | ~1878179 | ||
| Represented by: |
|||
| Expendable Funds |
(Note 3) | ||
| General Endowment |
Fund | 1,412,697 | 1,383,467 |
| Revaluation Reserve |
369,488 | 441,825 | |
| Unrestricted income |
66882 | 25 882 | |
| 1,849,067 | 1,851,174 | ||
| Permanent Endowment |
|||
| South ofScotland Youth Awards Trust | 27000 | 27 000 | |
| 61 676676 | F~1878179 |
| 2. Investments |
||||||||
|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||
| Market value as at 1 January 2020 | 1,759,047 | 1,600,235 | ||||||
| Additions at cost | 377,598 | 217,000 | ||||||
| Sales | (335,191) | (293,139) | ||||||
| Investment gains/(losses) |
(realised/unrealised) | ~30771 | 234 951 | |||||
| Market value as at 31 December 2020 | ~1770 | 683 | ~1759047 | |||||
| Historical cost as at 31 December 2020 | 21 | 451 | 125 | 21 | 317222 | |||
| 3. Movement offunds during |
the | year | ||||||
| Reserves | General | Investment | Unrestricted | Total | ||||
| Endowment | Revaluation | Income | ||||||
| Balance as at 1 January | 1,383,467 | 441,825 | 25,882 | 1,851,174 | ||||
| In/decrease in unrealised |
gains | (72,337) | (72,337) | |||||
| Realised gain/loss on sale |
of | |||||||
| investments against original cost |
41,566 | 41,566 | ||||||
| Inv. Management costs |
(12,336) | (12,336) | ||||||
| Income surplus/deficit | 41 000 | 41 000 | ||||||
| Balance as at 31December | ~1412697 | ~369488 | ~66 882 | ~1849067 |