THE LORD MAYOR'S 800ni ANNIVERSARY AWARDS TRUST ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charity Numbor 800504 THE LORD MAYOR'S 800TH ANNNERSARY AWARDSTRusr TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Tho Tnislees presenl their annual report and financial slalomcnls ol iho chanty for the year cnded 31 December 2024. The repoii and financial slalomonls comply With Ihc accounlin9 policies 5cI oul in nolo 110 tho financial slalerr￿.nls lind comFlI %%ilh Ihe Iru51 deed. Iho Chorilies Acl 2011. and Accounting and ReFrfJnJng by Charilios. slaperr￿n1 cl Rccommended Pfactsce applicable io chJrilies preparin9 Iheir accounls In accoidancc Wilh the Financial RoFQrt,ng Slondaid applicable in Uio UK and tho Repubbc of lieland IFRS 102) elfecbve 1 January 2019. Roforonco and admlnlslfallvo dolallg Paiion The Rt Hon Tho Lord P.loioi ol Ihc City cf London Trustets S,,r P.l£hael Suvory (Cha'.rman) Irebred 7 Juli 2025) A:dciman PiolesJor l.lichael l.laineUI Ilfom 9 November 2024IIChairman fiom 7 Juty 2025) S.lahnan Baklh CC John Bcnnolt 1.1BE Professof David Bo9lo asiaif Collell LLB drew Ccopor (Ifom 22 OctO￿r 20241 I,largarei Oonnolty Simon OucknsY>ith OBE DL CC dfew Gillelt {unlil 21 Klafch 2024) Ajaennan Canon Alison Go'ATran {untsl 25 nlarch 2025) Nitholas Roilc Ruby Saycd CC Sir David Y￿￿ttOn Advlsor Lieulenant Cclanel R.L P,lartJn I,IBE Banko HSBC eark plc 181 Hgh Slrool. Beikhamsied HP4 3HQ Invoslmont Advlsor3 Charles Sthnlty 8 Company Lld 55 Bishopsgalc. London EC2N 3AS Hon Sollcllor Ayasia'i Collelt LL8 8roadfield Lau UK LLP. One Bartholomtr•Y Close. Londcn EC1A 78L Hon Indopondonl Ro¥lowor John Cardnell FCA Lygon House. 50 London Road, efomloy Keni BRI 3RA Oaio of Trust Doed 11 Ih November 1988 Charlty Ro£l3trallon Numbor 8005ts1 Roo13tQfod Olflco Si i.lar9afei's Church. Lothbury. London. EC2R 7HH THE LORD MAYOR'S 800THANNIVERSARY AWARDS TRUST TRUSTEES REPORTFOR THE YEAR ENDEO 31 DECEMBER 2024 Obloctlvos and acllvllles for Iho publlc bonofil Tho Lord l.layorfs 8001h AnnNersary A%'*?rds Trusi was estab115hed on I Ilh No'iember 1988 and regisieied Kith Ihe Chanty Comm Ssion as a Charl￿ble Ifusl to piovide gfants und tNard5 lo yatsng people, prefeiabli %%iili connoctsons Ynlh Ihe City ol London. aged 17 10 24. for cduc*ilion In tho viidert conlexl. inclu¢Jin9 travel, ad-denlure ond special train:ng. iyilh Uio aim otbroadenin9 their oypenencé and dove:optng Iheirconf5denco and ability lof Iho fulurc. TheTrusi has bccn approved as D chanty ty HP.l Rovonuo & Customs (Refcronce EW23660) Tho TtU51cc5 confifm thal Ihoy hak'e iefcrredlo Ihe guidance ccnlained in Ino Chanty Commission's general 9uidanco on public ben0411 Yihen rcviQ'llin9 Iho Trusl's ob'.ectsves and planntn9 fuluro actswtscs The aciivibes of Ihe Tmsi aro rried Qul for Ihe pub::c bonefil a5 the granls a'Haided suppoil Ihe advancomenl ol oducatson. Siructuro, oovornanco and manaoomonl Tho Trustees are drathTr from businoss and tho professions. the Livery Companle5 01 Ihc City ol Lcndon. mombors ol o Courtolcornmon Counoland Court olAldermen of the City olLondon. arc appainied lor Ihreo years and afQ el..gib!e for re.appo,nlmenL Tho number ol TNslees may not bo moio Ihan S4Xtecn nor loss Ihan n:ne. The L¢id P.layor ¢1 iho City ol London 15 ex•olf1￿ Patron. The Twslccs havo wide PtriS'ers ol inveslmoni and wA'er io appty capi'al and incorno cl tho Trnsl Fund lor the PUfPOSQs of the TfusL The AAviSQf 15 cenlral lo tho adm:nistralion ollho Tfusl and acts as consullanl IQ Iho Trusloos and holp In Iho seleciicn ol bencf¢iaflQS from applicanls to tho Trusi, onsuring Ihat a bioad speclwm ol benoficiaries liem a %%ido varioty ol backgrounds benefil ficm Iho Charity. G¢anlS aio madc through Iloniiors. who ale usuulty Ihe fepiesent411Nepth ¢1 Ihc vonous organttalions io which Iho bonoficiaiio5 bclonD or thith %%hich beneficiaric5 010 ccnnoclod l.loni:ois hclp in publ,.CiSing tho scheme and In assuiing trnplemcniatsan of the bcncf,ciaries' pfo'ecis loi which grants aro 9rien. They ?150 hclp 10 ensure ihai all Ihe boneficiaries relum a wriiien foport ol Iheif OCINilies to Iho TruSIce5. The benef-CiarieJ ol the TfUSI ale dra￿'n li¢m o ￿de field. Including slvdcnls or Igimcr sludonls. ai schools or colleg05 in. or adiaknonl lo, or a550Ctaled wilh the Cily ol London: mcmbcr5 01 youlh clubs; Ihe physically handicapped and di5ab.'cd. and from chorilDb!e o'.gonisalions %'iilh City connccli?ns invo*1 ed %%i*th young pecplo. They aio also asked ID compieie a queslonna.'io aboul tho oifice ol Lcrd l.layof and to subrnil a wrillen report Achievements and performanco A further 170 w4ffirds pa d in 2024 ameunling lo £75.700 bringing the numbef cl to4aidS mado Sinco tho TIu51 %vas estsb',tshed10 3,friS. Iclalling ¢1.212.602, ￿1h Ihe r)oneficianesengagLid irt a￿la￿Vane￿ ofpro,.￿lS￿￿1o.Wid0. Gfanis nwde fan90 fiom £20010 £1.500. THE LORO MAYOR'S 800TH ANNIVERSARY AWARDS TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 OECEMBER 2024 There wa5 a I,lansiOn Houso fecepiion Icr bcnoficiarios. l.lonilors. Twslee5 Jnd Ihoso connccled wth the Tfusl on 28 Novcmbcr 2024 and tho prize lor tho best repon Yi¢lS Pfesenled Ihe Loid P.laior lo Bealrix Cook lor her projccl itrmng Iho Zambezi and iccof¢in9 b%-,Iglifo specios. Ihe Guild ol Frccmen's pnzo was prescnled tri Ihe l.loslcr ol Ihe GL'I,'d. l.ls Lisa Ruler. Ghii zal Habibzadeh lor her community build pro'ect in Fiji and The Chartcred Accounlanls. CoTr,pani's Pioc presenled ty Ihe l.la51er ol the Ccmpany. P.Ir Jonaihan Grosvenor to Anna Soligo lof her cfirnb',ng eypedilionlo Alaska. The Tfusiees. Inionknon Is to conlinue lo support young peoplo l(om a vancty ol back9ioundS knilh educatscnal gfanls to tho exlenl ol Iho incomin9 fosourcos avaitablc onnualty and lo mJko avaLlJble Ilio unoxpended incomo accumulalod duiing 11?e Cavid pen'od over tho noxl thfco accountin9 yoars Flnanclal rovlow The TfusI'5 granl *Nards are dependent upon Ihc Incomo Irom q1nd movemen15 in ihe Investsncnl POrtfo.',o and Ounn9 Iheyear Iho lolal lunds dccfeasod in valuo lo fi.71,6,35412023 £1.8Cwi,414) whi:e tho lolal Incomc otlho Tiusl amounled 10 £57.299 12023 £61.155. ThefQ Vliis an oporatsng def¢il on unfesiiicied incomo and cxpondiluro (or Iho year ol £38.124 (2023 kn lef kqow.g pmpor fn￿￿iaI rocafd*•D %'ihkh disrlcso i'.th ivaionDJ',Q BECUtrfW nl any the finar<2J FaSL.on ol T(uS: ana enabl¥* IhQ1110 CnSy¢Q r.nil1y.￿] elJ:erTr*nts c¢mp.I l%ith the ctharlllos Aci 2011. .0 Chaiii'cd (APc¢L￿￿ and Rep£rL•) RcJuiai¢nf*• ona ￿ pia." cns cl tho TrL'SI DctrJ ThQl aro a ea feapongb'.e Ic.. lh2 iIPJSdJ of ihL. TfLffJl ond lor lakir.fj i¢Jso.ryatsk GIL'PJ lor IhL' pitrdcnl.'?n Jnd dolocDJi ol1111wJ oi oilio.. iffC]ularibQS. ApF.'a'itd by tr.e Trusiecs ar.a •￿¢•f.Qa lor thes behJll tri.. lJicThaol 1,12L2cI,'I THE LORD MAYOR'S 800TH ANNIVERSAR Y AWARDS TRUST RepoRT OF THE INDEPENDENT exAMINER ReFQrt la T(vstoes ol the Lord hltriofs 800th gffjnhersary Awoids Tru￿ en blrt loi tho year ending 31 Ooceffl>ei 2024 501 oul on p3ges G to 10. AH￿Ctly0 rNp?n51blllUoJ of TNilo•s and Examlnor Tho Trtt3lees Dre fo$pons￿& Icr the pioparaiJn ol tho accounts The rNrI￿$ ccnsxlor thai an atst*l ￿ 1)01 (equ￿¢d lof yea( under sttti¢n 14412) ￿ Iho Char￿￿ A¢t 201 I Ilhe Acl) rjnd Ihal a.? indeptndenl cxonYnalM?n ts netded. 11 is nty rospornytsfity IQ: QYaffKno ihe acco￿15 undor seclon 145 o, Iho kl l¢*th¥ Ihe pr¢cedures l&d ¢tr•vn ift Ihe GeThe¢al Diiethons given trrf the Cnanty comm￿$1￿ne15 ur.d¢r seGIIiyi 1451511bl ol tho Acl and Sthlo whoiher par￿U￿r mJver> havo come to rrry ullcntw. 8aGls ol Indepondonl Examlnerfi SLilomonl hly was caftied out ki Kcordanco %ilh Goncral DLrecliofis gycn èy Vio Chtsnty Comnk's$#￿. exanwnJl¥M inclLKles J iovttru oi i￿> 9cco￿l n9 iocords kopt tsi Iho Tfuedt Dnd a CO￿.paft5on ol Iho accounts wth Uioso fec¢fds. 11 also indudos considcraL'"on of any unusual lloms ￿ disc:osures in tho accoun15 and sceitr,g oxp'anatons Irom Ihe TfUS&CS conccmino such mailers The pi¢kidures undonaken do pitr4i¢e aLI the oviden￿ thal ￿tUla ao fequ',ied in an ayd.l and c4nscquonby na cpnon 15 gfyen a5 lo ivhelher Ihe accaun:s pie$L￿1 a 'Lrue and (aj". viYI' and tho fepjii ￿ kmiled lo Ihoso Mallo￿ sél OL¥1 In tho S￿,￿ment bc41•1 Indopend¢nt Examlnorfo Stalem¢AI In c¢nMcLQTh wilh oxaminats'an. no matlef has cw lo my allenlion (i) Yifiich glyos me roJsonab;o ¢auso lo béLc'4¢ thai in any maloTral ¥V￿￿e¢l the icquirtmenls.. lo keep acceuntFng fecords ￿ oc¢¢rdan¢o With xYL'on 130 91 the Act and lo prepaie a"￿¢un￿• ￿ltth acccrd h%ith Iho occountsng (ccoids and coirpty i'iilh thc occounling mqUiicmcTrts ol Iw40 ncl been mol or io in nyi opin;?n. atlenb=n slKJukl bo in oftlcf lo enable g Flow ￿￿erstandIn9 01 Iho Jcc¢unls to be re¥chcd. CaidAel ChJllertd A¢¢owlJnl Ly9on Houso 50 Land￿ Road efeffk'ey Kcnl BR13RA THE LORD hi4YOR'S 800TH ANNIVERSARY AWARDS TRUST STATEfiIENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 OECEM,8ER 2024 Incomo Fund (unrestrlEled) Expondablo Tolal 2023 Total 2022 Endovmionl Funds Incorno and Endowrnonl Income from invoslmon:s Inleresl Charles Slanley & Co Donabons 55,337 1.922 55.377 1.922 59.807 1.348 Tolal Incomo and Endowrnonls 57 299 57 209 Expondlluro Chafilable aclNilies oxpend.,Iufe: A'*Yards pa.d Pr￿e$ SSYAT 75.700 285 1350 75,900 285 135 77 335 61.900 285 135 63 535 lanagomenl & Adrninislrntson.. Advisor I,lansion House Reception Pnnlin9. slatsonory & ollial Poslago Bank chargQS Renl 12,000 3.212 291 430 155 12.000 3.212 291 430 155 2000 OAA 12,000 2.462 148 241 126 2000 977 18 OA8 Cost ol ralslno lunds: Invoslmonl managemenl fees 8 costs 04 Tclal Expondiluio 5423 B07 108 730 3558 Nol (Ouloolng)IlncomD xpondllufo boloro galnsllossos on Invoslmonis {38. 1241 112.8071 (50.931) (32.403) Galns and L03soJ on Inveslrnonls Rcaliscd gainsnosscs (Ncie 31 UnrealiSed 9ainsllosses 7.172 301 11.7081 Nol Movomonl In Funds 138.124} (21.936} 160.C60) {d3,266) Reconclllallon ol Fund3 Balancop Biouohl Forèyafd 1 January 2024 1693 045 1779 409 1822 675 Balancos Cari5ed Forward 31 D¢¢ornbor 2024 48? 1719Jl 17794 (The noies on pages 8. 9 and 10 form part ol Ihese financial Sialemonts) THE LORD MAYOR'S 8aoTh ANNIVERSARY AWARDS TRUST BAL4NCE SHEEr AS AT 31 OECEM8ER 2024 Flxod Assots 2024 2023 Invosimonls (Noie 2) 77 1743511 Cuffonl Asgols Chafles Slan',cy & Co Lld Cash al HSBC eank 63.416 57.458 Not curronl assots 7358 63 453 Curronl Llabllillo3 Sundry cicdiiors 438 6? 903 Tolal not as5ols 1806 414 Roprosonlod by: Expondablo Funds (Nole 3) Gcncral Endtrl'iment Fund Rovaluaiion Re5er4e UnresirKied income 1.442.271 228.838 48 240 1.719,349 1.447.906 245.139 86 3SA 1,r19.409 PermJnonl Endowmonl Souih ol Scolland Youlh Awards Trust 27 000 1746 354 (The noies cn pagés 8. 9 and 10 form part of these financial siaiemenls) ))L'J'&• I THE LORD MAYOR'S 800niANNIVERSARY AWARDS TRUST NOTES ON THE ACCOUNTS FOR THE YEAR ENDED 310ECEM8ER 2024 Accounllng pollclos Tho principal accounbng pol%ies pdopicd. judgemenls and key sources ol esbmabon uncertainty in ihe prepara1￿n of the finan>al Sia:ements aro as lo11%71￿.. (a) BJ515 ol accounllng Tho financial slalements ol ihe chaiity. which ts a public bcnefil enlity under FRS 102. havo been prepared In accordanco wilh Ihe Charilies SORP {FRS 102) 'Ac¢ouniing and Reporting bi Charil.'es". siaiemenl ol Rocommendod PrJclJCQ JpF',:cablo lo charilies prepanng their accountsr in accordance Yiilh Ihc Financial Reponing Slandard opplublo in Ine Ui( and Republx ol lieland {FRS 102) (elleciivo i January 2019)'.Finaneial Rewrting standard 102 The Ftnancial ReForitng Slandaid appl cablo in tho UK and Ropublic ol Iiolan(r and tho Chantie5 Acl 2011. Tho fsnancial sthiomenls havo beon prepafed under Iho hitioiical cos1 convenlion. Wilh Iho exccpb'an ol iftveslmenls which aro Includod ai markel voltse (b) Incomo and Expondlluro Expcndiluro is sl*iled gross and is accounled for on an aCCTya'.s basis Incomè is ieccsnised ￿h0n tho Tiusl is onliued Io iho recoipl and Ihe amaunl can bc mea5urcd reasonablo conainly. In Uie pieviOU*J of accounts expendilute %Yas referred lo os d..rccl ch4inLiblo Qxpondiluro or m3na9emcnl and admin￿lia1￿n. In Ihcso accounls all oxpondiluré Is shtrhn as chariiablo Including monJgomcnl and admini51rabon Ivilh the exception of Fundraisin9 Costs {invoapimonl manugcmcnl fcc5), (c) Invoslmonis Invesimcnts aro a lorm of bas¢ finanoal inslNmeni and uro inilialty iecthJniScd al thoir transactson valuo and subsequonuy measufed at Ulctf lair rnaikcl value as al tho balanco sheol dalo using Iho clostng quoled markoi pncc. Thc rJlaiemcnl oi financial aclJviliQS includes Iho noi gains and losses arising on re dalualion Jnd d-sposals during Iho year. The Trusl does nol acquire pul opljons, dciivatsve5 Qr Olhcr comp.'ex finantsal Insirnmenls Tho main lom cl financial nsk lacod bi Ihe Trusl 15 ihal of volalility in equity markets and invo flmonl matkcls duo io widef economlc condiLons. Uio alliludo ol inves10￿ lo invcslmcnl ri•k. ond chunges in senlimenl ￿nCerning equities ond Within partscular seciors of SU￿x￿10$s. Id) Funds Unrestricied Funds compr15e Ihose lunds %¥hich iho Twsloes aio tseo10 use In accordance wth the chaiilab! ob,,ccts. The ExFondJÈ!e Endo'rtmonl Fund represon;s Ihosc osscls ￿hICh ale held for Ihc charity. principal Inveslmonls Inccmo arising on tho Expcndab1e Endo•%menl Fund un be used in accordanco wlh Iho objects ol tho chariPI and is Included in Ihe uniesiiicied income Any capilal gainJ or1055C5 ar15tng cn the invcslments (orm part of this Fund. Invcslmenl managomeni chargos afe charged again51 Ihis FunJ. (o) Granlmaklng Tho Truslees accounl lor gian1510 iecipicnls on tho dalo of paimenl and no provision is made for aiyaid5 agiced bul noi pa d oul during Ihc ycar. A5 no paymonl15 mado by tho trusi unlil Iho iolal fundin9 for Ihe picsect and Ihe applicanl's plans havo been finalised. THE LORD MAYOR'S 800111 ANNIVERSARY AWARDS TRUST NOTES ON THE ACCOUNTS FOR THE YEAR ENOED 31 OECEMBER 2024 ¢11 Romunorallon The Trnsbees received no pefsonal remuncraiion Of ieimbursomcnl ol oxpensQ5 dunng Ihe period under rcvicw, In Ihcir capacity a5 Trnsieos 19) Golng Concom The Truslee5 Consider Ihero are no maiorial unccrtoinlies aboul the Tnjsi's ab.hty lo continue as a goin9 conccin Tho revieN ofour financial p)Sibon. feseNes levoi and future Plan5 gives TNsiees confdenkne thc Trust Icrnains a going c¢ncefn fw Ihe Iofer4ecablo fulufe. {h) Cash or cash oqulvalonis Cash and cash CqUiV&'cnls includcs cash ai bank und In hand. (11 Credllors and piovlslons Cfedilor5 and PiO4ision5 lire leC￿niS0d %¥heio iho has a piesenl obligats'on resulbn9 from a pasi ovonl Ihal vnll probably TQSUII in the Iransfer of fundar10 a Ihiid party and Ilic amount due to sellle ihe ¢bli9aiion can be measured or Cslimaied feliabty. Cfedilors and PiOViSions aro noimJlty rccognised at their selllemenl amounl. IJ) EsllmalQS and Judgomonts Eslimaics andjudgomcnts afQ conlinualty ovaluaied and oio b¢isod on hls;oncol expcrion:o and Qlher faclor•. Includin9 QXPQCtati?ns of luluro ovenls thal aro believed to bo rea5onab!o under the Circumslances Alhough such esbmaies aro based on Ihe Truslees. tésl knowledge of the amounL events or ucbans. aciual ie5uIIs u,'bmale'.I dilfer from ihese ostsnwlos Tho Tfusiees do nDI conslder Ihero lo bo any maieriJl c51imaloJr and Judgcmonts THE LORD MAYOR'S 800711 ANNIVERSARY AWARDS TRUST NOTES ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 InvoJlrnontS 2024 2023 l.qarkel valuQ as al 1 January 2024 Addilions al cosi Salos Investmcni gaIn￿(lOsses) liealisodlunffoalisedl I,larkoi valuo as 0131 Dccembef 2024 1.743.511 262.136 (318.601J 1.731.905 178.1G9 (155.700> 10 B63 1 743 $11 1677 917 Histoiical c051 as al 31 Oecember 2024 1450221 £1499 514 Movornonl of lunds duilng Iho yoar Rosorvoj Gonoral Endowmont Inveslmont Rovaluallon UnfQ31rlctod Incorno Tolal Balancé as ai 1 January 1.447.906 245.139 86.364 1.779,409 Inldecrease In unrea145cd goins (16.301) (16.301) Rcalised 9ainQoss on sale cl invesfftn15 Dgainst original cosl 7.172 7.172 Inv. I,lanagemcni cosis (12,807) (12.807) Incomo 5urplugdofKil 124 8alan¢o as al 31 Dccombof £1442 27 22 LLgLB £48 240 1719 349 Genoral End¢yumenl Fund This ts Iho ma'.n reserve ol tho Trusi The Tlusi's pl￿eT to accumulaio tncomo h35 ntrw cnded. Invostrnenl Rcyaltsatson RcseTho In¥cslrnenls aro valued in tho financiiil slalon￿nIS aiiho clo5in9 matheiprico Thi5 iescTho shiwts Ihe dilferonce IboN%ccn Ihe markel value and ccsi Ib) Soulh ol Scoiiand Youlh Awalds Trusi Notsonal Income on lunds dep051ted was payable as additional 9¢anls'. Amouni paid 1012024: £1.350. Conllngonl Ilablllty Awaid5 and granls apprtyed bul not yel Paid 0131 December 2024 anvJuntod to £5.150 {2023 £550)