## 

## 

|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<br>OBE DL|CC|||
|||||A.J.Gillett||||
|||||Alderman<br>A.J.Gowman||||
|||||Alderman<br>and Sheriff Professor||M. Mainelli||
|||||Brigadier D.M. Santa-Olalla|DSO MC||(until 31 October 2020)|
|||||Ms Ruby Syed CC||||
|||||Alderman<br>Sir David Wootton||||
|Adviser||||Lieutenant<br>Colonel R.L. Martin||MBE||
|Bankers||||HSBC Bank pic||||
|||||181 High Street, Berkhamsted||HP4 3HQ||
|Investment|Advisers|||Charles Stanley &Company|Ltd|||
|||||55 Bishopsgate,<br>London<br>EC2N||3AS||
|Hon Solicitor||||A.J.C.Collett LLB||||
|||||BDBPitmans<br>LLP, One Bartholomew|||Close, London EC1A 7BL|
|Hon Independent||Reviewer||John Cardnell<br>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<br>Church,<br>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<br>activities expenditure:|||||||||
|Awards<br>paid||||4,800|||4,800|56,300|
|Prizes||||||||175|
|SSYAT||||1|350||1 350|1 350|
|||||6|150||6,150|57820|
|Management<br>& Administration:|||||||||
|Adviser||||11,000|||11,000|11,000|
|Mansion<br>House Reception||||||||1,624|
|Printing,<br>stationery<br>8|office||||133||133|547|
|Postage|||||117||117|372|
|Rent||||2|000||2000|2 000|
|||||13250|||13,250|15543|
|Cost of raising funds:|||||||||
|Investment<br>management<br>costs||fees|&|||12336|12336|12273|
|Total Expenditure||||19|400|12336|31736|85636|
|Net (Outgoing)/Income||||41,000||(12,336)|28,664|(14,459)|
|/Expenditure<br>before|||||||||
|gains/losses<br>on investments|||||||||
|Gains and Losses on|||||||||
|Investments|||||||||
|Realised gains/losses|(Note 3)|||||41,566|41,566|55,750|
|Unrealised<br>gains/losses||||||~72 337|~72 337|179201|
|Net Movement<br>In Funds||||41,000||(43,107)|(2,107)|220,492|
|Reconciliation<br>ofFunds|||||||||
|Balances Brought Forward|||1||||||
|January<br>2020||||25|882|1 825 292|1 851 174|1 630682|
|Balances Carried Forward 31<br>December 2020||||66|882|1 782 185|1 849 067|1 851 174|





## 

|Fixed Assets||2020|2019|
|---|---|---|---|
|Investments<br>(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<br>by:||||
|Expendable<br>Funds|(Note 3)|||
|General<br>Endowment|Fund|1,412,697|1,383,467|
|Revaluation<br>Reserve||369,488|441,825|
|Unrestricted<br>income||66882|25 882|
|||1,849,067|1,851,174|
|Permanent<br>Endowment||||
|South ofScotland Youth Awards Trust||27000|27 000|
|||61 676676|F~1878179|





## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

|2.<br>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<br>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.<br>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<br>in unrealised|gains|||(72,337)||||(72,337)|
|Realised gain/loss<br>on sale|of||||||||
|investments<br>against original cost|||41,566|||||41,566|
|Inv. Management<br>costs|||(12,336)|||||(12,336)|
|Income surplus/deficit|||||||41 000|41 000|
|Balance as at 31December|||~1412697|~369488|||~66 882|~1849067|



## 

## 

##