| Patron | The Rt Hon The Lord Mayor | The Rt Hon The Lord Mayor | ofthe City | ofthe City | ofthe City | of London | |||
|---|---|---|---|---|---|---|---|---|---|
| Trustees | Sir Michael Savory | ||||||||
| John Bennett MBE | |||||||||
| Professor David Bogle | |||||||||
| Alastair Coliett LLB | |||||||||
| Ms Margaret Donnelly |
|||||||||
| Simon Duckworth OBE |
DL CC | ||||||||
| Andrew Gillett |
|||||||||
| Alderman and Sheriff Alison |
Gowman | ||||||||
| Alderman Professor Michael |
Mainelli | ||||||||
| Nicholas Royle |
|||||||||
| Ms Ruby Sayed 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 8 Company |
Ltd | ||||||
| 55 Bishopsgate, London |
EC2N | 3AS | |||||||
| Hon Solicitor | Alastair. 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 2022 | Total 2021 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | Endowment | |||||||||
| (unrestricted) | Funds | |||||||||
| Income and Endowment | ||||||||||
| Income from investments | 65,723 | 65,723 | 64,770 | |||||||
| Interest Charles Stanley | &Co | 132 | 132 | |||||||
| Donations | 10000 | 10000 | ||||||||
| Total Income and | 75 | 855 | 75855 | 64 770 | ||||||
| Endowments | ||||||||||
| ' v ' | [ Iv', | |||||||||
| Expenditure | ||||||||||
| Charitable activities expenditure: |
||||||||||
| Awards paid |
47,350 | 47,350 | 19,700 | |||||||
| Prizes | 185 | 185 | ||||||||
| SSYAT | 1 | 350 | 1 350 | 1 350 | ||||||
| 48 | 885 | 48,885 | 21,050 | |||||||
| Management &Administration. |
||||||||||
| Adviser | 12,000 | 12,000 | 12,000 | |||||||
| Mansion House Reception |
1,542 | 1,542 | 1,145 | |||||||
| Printing, stationery 8 |
office | 169 | 169 | 194 | ||||||
| Postage | 214 | 214 | 206 | |||||||
| Bank charges | 196 | 196 | ||||||||
| Rent | 2 | 000 | 2 000 | 2000 | ||||||
| Cost ofraising funds: | 16 | 121 | 16,121 | 15,545 | ||||||
| Investment management costs |
fees & | 13489 | 13489 | 13185 | ||||||
| Total Expenditure | 65006 | 13489 | 78495 | 49965 | ||||||
| Net (Outgoing)/Income /Expenditure before |
10,849 | (13,489) | (2,640) | 14,805 | ||||||
| gains/losses on investments |
||||||||||
| Gains and Losses on | ||||||||||
| Investments | ||||||||||
| Realised gairs/losses | (Note 3) | (8,653) | (8,653) | 95,290 | ||||||
| Unrealised gains/losses |
(209707) | ~209 707 | 84513 | |||||||
| Net Movement In Funds |
10,849 | (231,849) | (221,000) | 194,608 | ||||||
| Reconciliation ofFunds | ||||||||||
| Balances Brought Forward | 1 | |||||||||
| January 2022 |
94872 | 1 948 803 | 2 043675 | 1 849067 | ||||||
| Balances Carried Forward 31 December 2022 |
105721 | 1 716954 | 1 822 675 | 2 043675 |
| Fixed Assets | 2022 | 2021 | |
|---|---|---|---|
| F | |||
| Investments (Note |
2) | 1,731,905 | 1,895,140 |
| Current Assets | |||
| Charles Stanley &Co Ltd |
106,617 | 169,577 | |
| Cash at HSBC Bank | 14,106 | 7,276 | |
| Net current assets | 120,925 | 176,853 | |
| Current Liabilities | |||
| Sundry creditors | ( 3,150) | (1,313) | |
| Total net assets | |||
| 117,775 | 175,540 | ||
| 1,849,680 | 2,070,680 | ||
| Represented by: |
|||
| Expendable Funds |
(Note 3) | ||
| General Endowment |
Fund | 1,472,660 | 1,494,802 |
| Revaluation Reserve |
244,294 | 454,001 | |
| Unrestricted income |
105,721 | 94,872 | |
| 1,822,675 | 2,043,675 | ||
| Permanent Endowment |
5 | 5 | |
| South ofScotland Youth Awards Trust | 27,000 | 27,000 | |
| E1,849,680 | 62,070,680 |
| 2. Investments |
||||||||
| 2022 | 2021 | |||||||
| Market value as at 1 January | 2022 | 1,895,140 | 1,770,683 | |||||
| Additions at cost |
215,006 | 312,194 | ||||||
| Sales | (159,881) | (367,540) | ||||||
| Investment gains/(losses) |
(realised/unrealised) | ~218 | 360 | 179803 | ||||
| Market value as at 31 December 2022 | ~l731905 | ~1895140 | ||||||
| Historical cost as at 31 December 2022 | 31 | 461 | 611 | 61 441 133 | ||||
| 3. Movement offunds |
during | the year | ||||||
| Reserves | General | Investment | Unrestricted | Total | ||||
| Endowment | Revaluation | Income | ||||||
| Balance as at 1 January | 1,494,802 | 454,001 | 94,872 | 2,043,675 | ||||
| In/decrease in unrealised |
gains | (209,707) | (209,707) | |||||
| Realised gain/loss on sale |
of | |||||||
| investments against original cost |
(8,653) | (8,653) | ||||||
| Inv. Management costs |
(13,489) | (13,489) | ||||||
| Income surplus/deficit | 10849 | 10849 | ||||||
| Balance as at 31 December | ~1472660 | ~244 294 | ~105721 | ~1822675 |