THE LORD MAYOR'S 800TH ANNIVERSARY AWARDS TRUST
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Charity Number 800504

THE LORD MAYOR'S 800TH ANNIVERSARY AWARDS TRUST
TRUSTEES REPORT FOR THE YEAR ENDED
31 DECEMBER 2023
The Trustees present their annual report and financial statements of the charity for the year ended 31 December
2023. The report and financial statements comply with the accounting policies set out in note 1 to the financial
statements and comply with the trust deed, the Charities Act 2011, and Accounting and Reporting by Charities-
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) effective 1 January 2019.
Reference and administrative details
Patron
The Rt Hon The Lord Mayor of the City of London
Trustees
Sir Michael Savory
Shahnan Bakth CC (From 28 March 2023)
John Bennett MBE
Professor David Bogle
Alastair Collett LLB
Margaret Donnelly
Simon Duckworth OBE DL CC
Andrew Gillett (Retired 14 March 2024)
Alderman Alison Gowman
Alderman Professor Michael Mainelli (Retired whilst Lord Mayor 10 November 2023 -)
Nicholas Royle
Ruby Sayed CC
Sir David Wootton
Advlser
Lieutenant Colonel R.L. Martin MBE
Bankers
HSBC Bank plc
181 High Street, Berkhamsted HP4 3HQ
Investment Advisers
Charles Stanley & Company Ltd
55 Bishopsgate, London EC2N 3AS
Hon Solicitor
Alastair Collelt LLB
BDB Pitmans LLP, One Bartholomew Close, London EC1A 7BL
Hon Independent Revlewer
John Cardnell FCA
Lygon House, 50 London Road, Bromley Kent BR13RA
Date of Trust Deed
11 th November 1988
Charity Registration Number
800504
Registered Office
st Margaret's Church, Lothbury, London, EC2R 7HH
31934360.1

THE LORD MAYOR'S 800TH ANNIVERSARY AWARDS TRUST
TRUSTEES REPORT FOR THE YEAR ENDED
31 DECEMBER 2023
Objectives and activlties for the public benefit
The Lord Mayovs 800th Anniversary Awards Trust was established on 11th November 1988 and registered with the
Charity Commission as a charitable trust to provide grants and awards to young people, preferably with connections
with the City of London, aged 17 to 24, for education in the widest context, including travel, adventure and special
training, with the aim of broadening their experience and developing their confidence and ability for the future. The Trust
has been approved as a charity by HM Revenue & Customs (Reference EW23660).
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance
on public benefit when reviewing the Trust's objectives and planning future activities. The activities of the Trust are
carried out for the public benefit as the grants awarded support the advancement of education.
Structure¥ governance and management
The Trustees are drawn from business and the professions, the Livery Companies of the City of London, members of
the Court of Gommon Council and Court ofAldermen of the City of London, are appointed for three years and are eligible
for re-appointment. The number of Trustees may not be more than sixteen nor less than nine. The Lord Mayor of the
City of London is ex-officio Patron.
The Trustees have wide powers of investment and power to apply the capital and income of the Trust Fund for the
purposes of the Trust.
The Adviser is central to the administration of the Trust and acts as consultant to the Trustees and helps in the selection
of beneficiaries from applicants to the Trust, ensuring that a broad spectrum of beneficiaries from a wide variety of
backgrounds benefit from the Charity.
Grants are made through Monitors, who are usually the representatives of the various organizations to which the
beneficiaries belong or with which beneficiaries are connected. Monitors help in publicising the scheme and in assuring
implementation of the beneficiaries, projects for which grants are given. They also help to ensure that all the
beneficiaries return a written report of their activities to the Trustees.
The beneficiaries of the Trust are drawn from a wide field, including students or former students, at schools or colleges
in, or adjacent to, or associated with the City of London. members of youth clubs; the physically handicapped and
disabled, and from charitable organisations with City connections involved with young people. They are also asked to
complete a questionnaire about the Office of Lord Mayor and to submit a written report.
Achievements and performance
A further 126 awards were paid in 2023 amounting to £61,900 bringing the number of awards made since the Trust was
established to 2,895, totalling £1,136,902, with the beneficiaries engaged in a wide variety of projectsworld-wide. Grants
made range from £300 to £1,200.
31934360.1

THE LORD MAYOR'S 800TH ANNIVERSARY AWARDS TRUST
TRUSTEES REPORT FOR THE YEAR ENDED
31 DECEMBER 2023
There was a Mansion House reception for beneficiaries, Monitors, Trustees and those connected with the Trust on 8
December 2023 and the prize for the best report was presented by the Lord Mayor to Cally Evans for her expedition to
Kyrgyzstan with British Exploring, the Guild of Freemen's prize to Lucy Hillary for her maritime research in the Red Sea
presented by the Master of the Guild, Mr Chris Walton and the Chartered Accountants, Prize was awarded to Barney
Mills for teaching in Ghana presented by the Junior Warden of the Company, Mr Vince O'Brien. The Trustees, intention
is to continue to support young people from a wide variety of backgrounds with educational grants to the extent of the
incoming resources available annually and to make available the unexpended income accumulated during the Covid
period over the next three accounting years.
Financial review
The Trust's grant awards are dependent upon the income from and movements in the investment portfolio and during
the year the total funds decreased in value to £1,806,404 (2022 £1,849,680) while the total income ofthe Trust amounted
to £61,155 (2022 £75,885. There was an operating deficit on unrestricted income and expenditure for the year of
£19,357 (2022 surplus £10,849> as Trustees awarded grants utilising unrestricted income held from previous years.
The power to accumulate income expired on 1 Oth November 2009. Trustees intend to apply the operating surplus which
arose in the period 2020 to 2022 in making grants over the following three financial years.
The investment policy is to seek to achieve a reasonable balance between the need to provide primarily for future
increases in expenditure and so far as is practical, the need to protect the capital base. The Trustees are advised by
Charles Stanley & Co Limited and the investments held by Rock (Nominees) Limited.
The Trustees manage the original donations plus the accumulated capital growth as though it were a permanent
endowment invested to generate income and normally fund operations from net incoming resources primarily arising
from the investment income.
The Trustees have considered the major risks which impact upon the work of the Charity and consider the existing
controls create the right balance be￿een the level of risk and effectiveness of control. Donations are always welcomed.
Between 1993 and 2004 The South of Scotland Youth Awards Trust (Scottish Charity No. SC029813) deposited
£25,300 with the Trust for investment. £5,300 was returned to The South of Scotland Awards Trust in July 2007. £2,000
was re-deposited in 2009 and an additional £5,000 in 2010 making the total deposit held £27,000. The notional income
from these funds is paid to the South of Scotland Awards Trust.
31934360.1

THE LORD MAYOR'S 800TH ANNIVERSARY AWARDS TRUST
TRUSTEES REPORT FOR THE YEAR ENDED
31 DECEMBER 2023
Going Concern
The Trustees have confidence that the Charity has adequate resources to continue in operational existence for the
foreseeable future as the Charity generally only awards grants from available income, has accumulated unspent income
balances annually during the Covid-19 pandemicwhich the Trustees intend to expend over the next three financial years
or so as opportunities for normal project awards resume and applications for awards revert to pre-covid levels. For this
reason the Trustees continue to adopt a going concern basis in preparing the financial statements.
Statement of the responsibilities of the Trustees
The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each
individual year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and
application of resources of the Trust for that period.
The Trustees confirm that in the preparation of the financial statements on the "going concern" basis for the year ended
31 December 2023-
suitable accounting policies have been used and applied consistently,
the methods and principles in the Charities SORP have been observed,
reasonable and prudent judgments have been made,
applicable accounting standards and statements of recommended practice have been followed subject to
any departures disclosed and explained in the financial statements,
assets are available and adequate to fulfil the obligations of the Charity.
The Trustees are responsible for keeping proper financial records which disclose with reasonable accuracy at any time
the financial position of the Trust and enable them to ensure financial statements comply with the Charities Act 2011,
the Charities (Accounts and Reports) Regulations and the provisions of the Trust Deed. They are also responsible for
safeguarding the assets of the Trust and for taking reasonable steps for the prevention and detection of fraud or other
irregularities.
ed by the Trustees and signed for their behalf by:
Appro
Ocj-kn
Mic
Isav
Chairman
31934360.1

THE LORD fiL4YOR'S 800TH ANNIVERSARY AWARDS TRUST
REPORT OF THE INDEPENDENT EXAMINER
Report to the Trustees of the Lord Mayor's 800th Anniversary Awards Trust on Ihe accounts for the year ending 31
December 2023 set out on pages 6 to 10.
Respectlve responslbllitles of Trustees and Examiner
The Trustees are responsible ft)r the preparation of the accounts. The Trustees consider that an audit is not required
for Ihis year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is my responsibility to=
exaniine the accounts under section 145 ofthe Act,
follow the procedures laid down in the General Directions given by the Charity Commissioners
section 145{5){b) of the Act and
lo slate whelher particular matters have come to my attention.
under
Basls of Independent Examlnefs Statement
My examin8tlon was carried out in accordance with General Directions given by the Charity Commission. An
examinab'on includes a review of the accounting records kept by the Trust and a comparison of the accounts with those
records. It also includes consideration of any unusual items or disclosure5 in the accounts and seeking explanations
from the Trustees concerning such matters. The prO￿d￿reS undertaken do not provide all the evidence that would be
required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and
the report Is limited to those matters set out in the statement below.
Independent ExamIne￿8 Statement
In connection with my examination. no matter has come to my attention
which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the Actand
lo prepare accounts which accord with the accounting records and comply with the accounting requirements of
the Act
have not been met or
12)
to which in my opinion, attention should be drawn in order to enable a proper understanding ofthe accounts to
be reached.
Jo
Cardnell
Chartered Accountant
Lygon House 50 London Road Bromley Kent BR13RA

THE LORD MAYOR'S 800TH ANNIVERSARY AWARDS TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDING 31 DECEMBER 2023
Income
Fund
{unrestrl¢ted}
Expendable
Endowment
Funds
Total 2023 Total 2022
Income and Endowment
Income from investments
Interest Charles Stanley & Co
Donations
59,807
1,348
59,807
1,348
65,723
132
Total Income and
Endowments
Expenditure
Charitable activities expenditure-
Awards paid
Prizes
SSYAT
61,900
285
61,900
185
47,350
185
63,535
48,885
Management & Administration:
Adviser
Mansion House Reception
Printing, stationery & office
Postage
Bank charges
Rent
12,000
2,462
148
241
126
12,000
2,462
148
241
126
12,000
1,542
169
214
196
16,977
16,121
Cost of raislng funds:
Investment management fees &
costs
Total Expenditure
Net (Outgoing)Ilncome
IExpenditure before
gainsllosses on Investments
(19,357)
(13,046)
(32,403)
{2,640)
Gains and Losses on
Investments
Realised gainsllosses (Note 3)
Unrealised gainsllosses
(11,708)
845
18,653)
209 707
845
Net Movement In Funds
(19,357)
{23,909)
(43,266) (221,000)
Reconciliation of Funds
Balances Brought Forward I
January 2023
105 721
1716 954
1822 675
2 043 675
Balances Carried Forward 31
December 2023
1693 045
1779 409
1822 675
(The notes on pages 8, 9 and 10 form part of these financial statements)
31934360.1

THE LORD MAYOR'S 800TH ANNIVERSARY AWARDS TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2023
Fixed Assets
2023
2022
Investments (Note 2)
1743511
1731 905
Current Assets
Charles Stanley & Co Ltd
Cash at HSBC Bank
57,458
106,817
Net current assets
120 925
Current Liablllties
Sundry creditors
550
117 775
Total net assets
1806 414
1849 680
Represented by:
Expendable Funds (Note 3)
General Endowment Fund
Revaluation Reserve
Unrestricted income
1,447,886
245,139
1,472,660
244,294
105721
1,822,675
1,779,409
Permanent Endowment
South of Scotland Youth Awards Trust
£1 806 414
£1849 680
(The notes on pages 8, 9 and 10 form part of these financial statements)
31934360.1

THE LORD MAYOR'S 800TH ANNIVERSARY AWARDS TRUST
NOTES ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng policles
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of
the financial statements are as follows..
(a) Basis of accounting
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)',Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the
exception of investments which are included at market value.
(b) Income and Expenditure
ExpenditLJre is stated gTOSS and is accounted for on an accruals basis. Income is recognised when the Trust is
entitled to the receipt and the amount can be measured with reasonable certainty. In the previous set of accounts
expenditure was referred to as direct charitable expenditure or management and administration, in these accounts
all expenditure is shown as charitable including management and administration with the exception of Fundraising
Costs (investment management fees).
(c) Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and
subsequently measured at their fair market value as at the balance sheet date using the closing quoted market
price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals
during the year. The Trust does not acquire put options, derivatives or other complex financial instruments. The
main form of financial risk faced by the Trust is that of volatility in equity markets and investment markets due to
wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning
equities and within particular sectors or sub-sectors.
{d) Funds
Unrestricted Funds comprise those funds which the Trustees are free to use in accordance with the charitable
objects. The Expendable Endowment Fund represents those assets which are held for the charity, principally
investments. Income arising on the Expendable Endowment Fund can be used in accordance with the objects of
the charity and is included in the unrestricted income. Any Capital gains or losses arising on the investments form
part of this Fund. Investment management charges are charged against this Fund.
Ie) Grantmaking
The Trustees account for grants to recipients on the date of payment and no provision is made for awards agreed
but not paid out during the year. As no payment is made by the trust until the total funding for the project and the
applicant's plans have been finalised.
31934360.1

TH
THE LORD MAYOR'S 800 ANNIVERSARY AWARDS TRUST
NOTES ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
(f) Remuneration
The Trustees received no personal remuneration or reimbursement of expenses during the period under review, in
their capacity as Trustees.
(g) Golng Concern
The Trustees consider there are no material uncertainties about the Trust's ability to continue as a going concern.
The review of our financial position, reserves level and future plans gives Trustees confidence the Trust remains a
going concern for the foreseeable future.
(h) Cash or cash equlvalents
Cash and cash equivalents includes cash at bank and in hand.
(i) Creditors and provlslons
Creditors and provisions are recognised where the Trust has a present obligation resulting from a past event that
will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.
U) Estimates and Judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors,
including expectations of future events that are believed to be reasonable under the circumstances. Although
such estimates are based on the Trustees, best knowledge of the amount, events or actions, actual results
ultimately differ from these estimates. The Trustees do not consider there to be any material estimates and
judgements.
31934360.

THE LORD MAYOR'S 800TH ANNIVERSARY AWARDS TRUST
NOTES ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
Investments
2023
2022
Market value as at 1 January 2023
Additions at cost
Sales
Investment gainsl(losses) (realisedlunrealised)
Market value as al 31 December 2023
1,731,905
178,169
(155, 700)
1,895,140
215,006
(159,881)
218 380
1731905
1743511
Historical cost as at 31 December 2023
£1499 514
£1487611
Movement of funds durlng the year
Reserves
General
Endowment
1,472,660
Investment
Revaluation
244,294
Unrestrlcted
Income
105,721
Total
Balance as at 1 January
1,822,675
Inldecre8se in unrealised gains
Realised gainlloss on sale of
investments against original cost
845
845
{11,708)
(11,708)
Inv. Management costs
(13.046)
(13,066)
Income surplusldeficit
Balance as at 31 December
£1447 906
245 139
£86 364
1779 409
(a)
General Endowment Fund
This is the main reserve of the Trust. The Trust's power to accumulate income has now ended.
Investment Revaluation Reserve
Investments are valued in the financial statements 8tthe closing market price. This reserve shows the difference
(betmeen the market value and cost.
(b)
South of Scotland Youth Awards Trust
Notional income on funds deposited was payable as additional grants:_
Amount due for 2023: £1,350.
Contingent liability
Awards and grants approved but not yet paid at 31 December 2023 amounted to £550 (2022 £3,150).
31934360.1
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