City's Cash

City's Cash is an endowment fund, overseen by the City of London Corporation, built up over 800 years and passed from generation to generation to fund services that the Corporation claims benefit London and the nation as a whole.

However owing to problems in the management of the funds, the City of London had to ask the government to contribute a grant for the upkeep of their police force.

[3] In the year ending 31 March 1938, the City's Cash balance sheet totalled over £6.5 million, while income from the estate and other sources was estimated at over £850,000.

[5] By the end of March 2016, it had net assets of £2.3 billion,[6] while Duncan said the Cash estate generated a "reasonably respectable £210 million a year.

Some of the sites have been owned and managed by the City of London Corporation since 1870 to protect them from development and preserve them as a natural resource.

[citation needed] All of the Lord Mayor's activities are paid for through the City's Cash.

Catering and bar costs here amounted to more than £0.5 million in 2016, partly offset by income from hiring for private events.