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|||Page|
|---|---|---|
|Chairman's<br>statement||1-2|
|Trust report||3-6|
|Statement ofTrust responsibilities|||
|Independent<br>auditor's|report|8-10|
|Statement<br>offinancial|activities||
|Balance sheet||12|
|Notes to the financial|statements|13 - 19|





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|Structure, governance|Structure, governance|and management|||||
|---|---|---|---|---|---|---|
|The Trustees, who|are|also the directors for the|purpose ofcompany||law, and who served|during the year and up to|
|the date ofsignature|of|the financial statements|were:||||
|Mr M Williams|||(Resigned|11October 2023)|||
|Mrs ACarvell|||(Deceased|10|July 2023)||
|Mr ACannon Jones|||(Resigned|11October 2023)|||
|Mr AMansell|||||||
|Miss E Fox|||||||
|Mr M Jenkins|||(Appointed|6 May 2022)|||
|Mrs BHirsch|||(Appointed|6 March 2023)|||
|Mr L BDawson|||(Appointed|31|October 2022)||



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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2023|2022|
|IIIIl|||Notes|6|6|
|Income from investments|||2|66,197|64,982|
|KZg~nl ~rn:||||||
|Charitable<br>activities|||3|118,019|48,535|
|Net gains/(losses)||on investments|9|(137,430)|(687,363)|
|Net movement|in|funds||(189,252)|(670,916)|
|Fund balances|at 1 April 2022|||1,977,108|2,648,024|
|Fund balances|at|31 INarch 2023||1,787,856|1,977,108|





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||||||2022||
|---|---|---|---|---|---|---|
||||||8||
|Fixed assets|||||||
|Investments||10||1,619,630||1,782,441|
|Current assets|||||||
|Debtors||12|219,131||236,347||
|Cash at bank and in|hand||15,220||39,770||
||||234,351||276,117||
|Creditom: amounts|falling dus within||||||
|one year||13|(66,125)||(61,450)||
|Net current assets||||168,226||214,667|
|Total assets less current Babglges||||1,787,858||1,977,108|
|Income funds|||||||
|gBBB(BghtUtrnBB<br>General unresbicted|funds||1,259,798||1,449,048||
|Revaluafion<br>mserve|||528,060||528,060||
|||||1,787,856||1,977,108|
|||||1,787,856||1,977,108|




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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
||||6|6|
|UK|quoted|investments|66,197|64,962|





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|||||2023|2022|
|---|---|---|---|---|---|
|||||E|E|
|Grant administration|||costs|17,499|15,000|
|Network,<br>website||&|support costs|13,059|577|
|Establishment|expenses|||1,347|1,404|
|Travel and subsistence||||2,758|1,903|
|Rates||||(1,382)||
|Sundries||||2,543|1,272|
|Advertising||||2,688|1,643|
|||||38,512|21,799|
|Grant funding|of|activities (see note 4)||66,149|12,750|
|Share ofgovernance|||costs (see note 6)|13,358|13,986|
|||||118,019|48,535|



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||2023|2022|
|---|---|---|
||E|E|
|Grants to institutions:|||
|UKFT|28,300||
|Inchley Patterns|744||
|Brierley Brothers|1,000||
|Elizabeth Cooper||1,000|
|Nancy Green||1,000|
|Sapheda|7,230|2,100|
|The London Leather Workshop|3,000|150|
|Golden Shears|15,000|7,500|
|Peter Brasenell|1,000||
|lions Brinton|1,000||
|Samuel Brothers||1,000|
|Tweed Fiend|1,000||
|Whitchurch<br>Silk Mill|3,500||
|Cashmere<br>Circle|4,375||
||66,149|12,750|





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|Net movement|in funds|||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||||6|
|Net movement|in funds is stated|atter charging/(crediting)||||||
|Fees payable to the company's||auditor for the audit ofthe||company's|financial|||
|statements||||||2,400|4,000|
|Support costs||||||||
|||Support|Governance|2023|Support|Governance|2022|
|||costs|costs||costs|costs||
|||6|6||F||6|
|Audit fees|||2,400|2,400||4,000|4,000|
|Accountancy|||1,800|1,800||1,700|1,700|
|Legal and professional|||9,056|9,056||8,193|8,193|
|Bank charges|||102|102||93|93|
||||13,358|13,358||13,986|13,986|
|Analysed<br>between||||||||
|Charitable<br>activities|||13,358|13,358||13,986|13,986|



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|2023|2022|
|---|---|
|Number|Number|



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|Net gains/(l|osses)<br>on investments|||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2023|2022|
|||K|F|
|Revaluation|ofinvestments|(142,811)|62,114|
|Gain/(loss)|on sale ofinvestments|5,381|(749,477)|
|||(137,430)|(687,363)|
|Fixed asset investments||||
||||Listed|
|||investments||
||||8|
|Cost orvaluation||||
|At 1 April 2022|||1,762,441|
|Valuation<br>changes|||(142,811)|
|At 31 March|2023||1,619,630|
|Carrying<br>amount||||
|At 31 March|2023||1,619,630|
|At 31 March|2022||1,762,441|



||Fixed asset investments|revalued|revalued||||
|---|---|---|---|---|---|---|
||Listed investments<br>are revalued||io their market value at each year end.||||
|11|Financial<br>Instruments||||2023|2022|
|||||||8|
||Carrying<br>amount offinancial||assets||||
||Instruments<br>measured<br>at|fair value through||profit or loss|1,619,630|1,762,441|





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|12|Debtors||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||Amounts<br>falling due||within one year:||6|6|
||Other debtors||||54,131|25,000|
||Prepayments|and accrued income||||1,347|
||||||54,131|26,347|
||Amounts<br>falling due||after more than one year:||2023<br>6|2022f|
||Other debtors||||165,000|210,000|
||Total debtors||||219,131|236,347|
|13|Creditors: amounts||falling due within one year||||
||||||2023|2022|
||||||6|6|
||Other creditors||||61,925|55,750|
||Accruals and deferred||income||4,200|5,700|
||||||66,125|61,450|
|14|Analysis of net assets between funds||||||
||||||Unrestricted|Unrestricted|
||||||funds|funds|
||||||2023|2022|
||||||6|F.|
||Fund balances|at 31 March 2023 are represented||by:|||
||Investments||||1,619,630|1,762,441|
||Current assets/(liabilities)||||168,226|214,667|
||||||1,787,856|1,977,108|



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