Docusign Envelope ID.. C919CB10450U417-AE77-9A5EFD90C550
Rqgistwed Company Numbor 02759359
Charlty Number 1015519
THE WORSHIPFUL COMPANY OF
FURNrnIRE MAKERS, CHARrrABLE FUNDS
INCORPORATING THE FURNISHING TRADES BENEVOLEIIT ASSOCIATION
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 20

Docusign Envelope ID.. C919CB10450U417-AE77-9A5EFD90C550
THE WORSHIPFUL C014PA14Y OF FURNrnIRE 14AKERS fXARtrABLE FUNDS INCORPORATING THE
FURNISHING TRADES BENEVOLEIIT ASSOCIAllON
coKrENTS
ditt￿$ ReFMYt
Coryory 8aknrKe Sheet
io
li
12-20

Docusign Envelope ID.. C919CB10450U417-AE77-9A5EFD90C550
ThE WORSMIPFUL COMPANY OF FURNrnIIIE 14AKERS (￿R[rABLE FUNDS IMCCrnRATING ThE FURIIISHIN
IL
PIIR THE YEAR EIIDED 30 APRIL 2024
HI￿le
la W•irvJ {frryn May 2023)
lan 11￿M (f￿ 14ty 2024)
n Atrem (fnyn Mty 2023)
(From May 2024)
je￿ A*wKler (Fran 14ay 2024)
QIARfTY NUMBER
1015519
12 Frt
EC2N 2HE
Nler LLP
51 OarEth Ilo•J
Warlryd WD17 IHP
KW HIN. West ME19 4PY

Docusign Envelope ID.. C919CB10450U417-AE77-9A5EFD90C550
FOR THE YUR ENDED 30 APRIL 2024
TrLStees (wlK> ao also of ￿ Charlty wrpDse Conv￿[e5 *£t) westsit their annual ￿ort t(wJett*r wlth the a￿lst¥J
financtal statements ofthe Wo￿lPfvl Ctynpony cl Fwnlbj￿ Maker5. 0￿ritatI2 Funds Incorrmtirwj Fwnthin9 Trndes
P49xiatron (the Charty) the year &￿ed 30 Apnl 2024. The Tru&eE5 the TrLLStee5' Rep*yt and Financ471 &atrnts of tt
Charfty compty the ojrmt statutsy rEqwrwnents. Ctsrtys 9￿4￿MI￿j th￿rnert and provisiors of the FAS 102
The Ch￿ty Is a chartts￿e cL¥nr4ny fimited by guarnntee. irK0rpW￿ 27 tktcts 1992 and wi#ernJ as a choTty on l Oecunber 1992.
The company was eStatsr￿eo uThJex a whKh estatythal the obpcts and the Charity, is g¢MrwJ
its Artide5 of Asxviatw)n. In of tt* C￿pa1V ￿Ing LP tu ¢￿trIbute an am¢yJnt Thjt exceeJJlfWJ £1.
The (hrfty15 exempted from uthg tt* *rrd"&rntsf In ts ti
The Tr￿t￿eS are also firfffrKs Ile• Trustees are awxxrtryj ty the C￿rt rfthe WO￿￿1 Compary ol Furnknre Makers (tr
LNery) when requreo. to M￿n￿li ￿ apryoprSate mlx of skd15 arrfl eMpervKe to eJ)>xe tr￿ the mary seLtor5 of the indiisty are fairlv
INluctkni •nd tralnhlg of Truot•
(tcasK)nal spe¢Nilst ￿1n1￿j T*￿ L5 an annual indepthrt reFty>t frtyn ttre Irtvth￿t t43roger5 wFMch ass&s tr￿1r und￿stan(r￿9 rf
IrKlurtTon cl new Tru#ees aNJ IL*en to new (le•tkwent5 in dhirrtaJ>k thithtyj.
In lo Tru#ees, 9Jb committees are formed a*lrtsswvJ gKth os b*￿[ts fvnornwg. A CTh*f EVAX*r￿ is apptiintas try
the Court c* the L￿ry an(1 has ddegatsl athrity fty ¢)FvatKywl rMtteTS finan￿ and He rewlarfy uixlate5 the
Trustees on the pkn5 ofKI pwrwman￿ of ￿ Owrty. Tr Ch*f EX￿ a number af 4aff wl*) supyt wfth the rai%rrfJ offvnts and the
fl wehre and sui¥rfrt firkYKial rMwJenEr
arml the fecomrne￿tw$ for r8murtht*n froim tr￿ Ch1￿ eYe￿the. The Q#ef r•Truwat#￿ is conshleral by ihe
RemuneratK)n cornrnft￿, whkh cora#s of s•*K nvnbtrs of t￿ tr* Owiity aThl the LNvy, I￿¥￿j ryrd b) pwfmnaru arxl relmrt
maicff ri*s (strateg￿. ￿sir￿￿ and operat%)nal) to whith the Owity i5 e¥tThal. and of the arnl Set in p*e tv mitigate t1￿￿e
risk5. Interr￿1 f￿a￿al fisks a￿ mirrirni*d ty tr£ kWLK8Jwe5 the autkns&¥Jn dall tran5acts1￿ and Ttroe
prffdurÉ% a￿ re4ve￿I to ￿$￿Te that tly still rne& the rthi% of Ctsrity.

Docusign Envelope ID.. C919CB10450U417-AE77-9A5EFD90C550
FOR THE YEAR ENDED JO APIUL 20Z4
To prof￿￿< ertI￿ra￿e and fo*w ts cr* WKI IrOAry cl IlJmsh¥¥J and furth *s atr4it*s kn tre ithl•l h7iWJm
To advan￿ rxd5 to t>9￿1$al￿ trainlrvj In the Irmlutri; aThl
To wdiele finJncK41 hardthip by rna￿ng for AKh as tr* of exp￿5￿ I￿￿are, rost arnl
to tl* Charity Commisslon's gewal gullar￿e on b￿l
Gr•nt Maklng Pdld
Chiitsble grnrt maw Wkies ire dttermiwl ty tr* Tru#egs r￿er￿ to tr* ahr6 obith of th 9rnte9￿ P4n.
(knH wformarte Is subittt tD revr# ty the Til* J rnjuèr
Ilcy. Capf(al and incorne from irwestmts rw be at ary tr* furtPthrtt al a'rys. The 9￿1 obJ￿tr¥￿S of the
Invertment strategy are to ensure tr* creatson of ￿lf￿nt Ir<ffft caffti to enab￿ Charity to carry out fs purpjse
year by year wth due artl Pfcffjer considulbon for futswe tr* r(h*nttharts d arnl. rf pJ5s* thhorK•nent wilue of
invest￿t fvI￿. whli e they a￿ re&inwJ.
In¥estmert ManagEmenL
Trusiets rwni5e that ￿ Charfty hjs J ffednJm terni sir*K and th& the fimrthl aNI gxI)l is con*anty changlng.
These on hove 9gnfftant effett on the atxw to raise furth Jrtl r*J to m*le *JJtwJK pkn there are 0bJ&ffj￿s
to d￿0P tharitable inkn ￿11 need finangal
Wlth thls ttre Charty wll mahknln thient ￿Ly¥￿s tr* rr*et ts aThJ to Pr￿th ￿ ￿tive aThl ￿ka￿able tharItab￿ fvr
rDr the benefit ￿ tlKJse In I￿1.

Docusign Envelope ID.. C919CB10450U417-AE77-9A5EFD90C550
FOR THE YEAR ENDED 30 APRIL 1024
202>2028 5 y 5trabJk plw Ls kn pla￿ arKI tre folkn¥¥wJ:
The cOntinuatk￿ d wbstantTral gr￿ts to those kn neaj
The pthisK)n of ftjr tIY)se 9Jffuir9
A rOn￿ryINatIon of 5UP[￿rt for aSp￿ts of aJLKatw
The cteation of a ggthnt sKJnrmtin9 sw¥re wsh ts) supwt tPKwJh al￿at1)ft and
The ddNery ￿ serninars athl *cbJrts ftr the of pvformarte
We weo able to pyowde sul*artrdl support rf at<*rt £143.IKQ Mi grarts and anwitits to tttse in ea5iThJ Ihw Iwrdws arKI ￿ ¥¥we
pkned that we ab* to rwntr(Akn our &knation supirt apwoxim&ty £107,(X)O tu this area.
Oru *n Maj￿ d 99)F* Wpul hm be￿ rf WO￿1￿j •Je h•s been J c(rtinu#YJ ￿fft￿t tin*. Tr Owrty
pr¢y4Kles hdp tD r* *rrk wtykwj in tl* rum%￿re fvrnthing tTade5. We ojrtt1x￿ to ￿p1A)rt a rwmber of anni¥tants
altlwh this s seen ts be a dthasngty part ofcw and t+￿ nUMt￿ Muth has b*1 dor* to increase
aware{￿ the indit5try* particularly w*h the HR Wartft￿ of Fèrge cThrM)rats [￿. off grants m* a diffwm to
122 and tr•r fam1¥ 38 rThxe than the ￿.
E￿￿tion has tortin￿d to reca¥e additKwl arrfl Ilne with the #rategy. The ne¥¥'m￿rn￿recar￿ tAeb4te
I￿5 been e5tab115hal to tnsrye young ts*nt lo to thate apwwkte trainiry and to Jv)IkitleJots.
and In¥thnt& Totsl Sncome for tre to 30 2024 was £706,702 comparal wfth £668.918 In the year to 30 April 2023.
FuThJraksrw for 2024 was £285,981 (2023: ÉX*,679) froffi eéents ttqthr an akiffyjnal £198,958 (2023".
£173.933) fmm meMt￿￿p. Tru5te& to eYpre5s athl thelr gralttu(* to the many p&¥e rlayal a part In arr•vJirnJ
ents to rnise funds and thLW to ￿p¢Ort c￿r Chaffty.
IrthrE wa5 t￿3,150 (a113". £04516h wme re ai9y%al arKI re4aJwlxTh ty whE*ng7ts wve U25,741 [21)23: rf
£74,814).
0￿r￿able athlths Int￿￿181 dlr* 9rnrt pjyrnwts to £109.719 (J)23: £177207) grnrts to •nd (tt
trthV(ms totslllrrj E33,187 (2023: £21,640). In ulthlkn, I￿Ik￿ fty otrv thwtt•b* actl¥ft*s to £124￿6 (2023: £62,798)
The valL* d In¥utm•)ts hekl at the ye•r WKI frorn £4.284,165 * l 2023 to £4.198.618 at 30 Ap￿ 2024.
Trtal fuN15 •t 30 4irll 2024 rnrtal to £6,IA6,030 (2023: £1257252) £NA {2023.. Q41) TN¥e as rnstrkw fvndL

Docusign Envelope ID.. C919CB10450U417-AE77-9A5EFD90C550
FOR ThE YEAR ENDED 30 APRIL 2024
ppIKable and United trJThJ¢hJrn ￿0￿rt¢l¥j &andards (tkntyj Accepted kccwntiryj pr￿ti￿). Q>mpory low requirvs the
Directors to p￿paIe finarKial statements for each financ41 Urmler c(ryxny Iw the Dir￿tC¥S must rt appYo¥e the ffnanoal statements
Iss they are sati%f*d ttst a tn>e and far the state cl affa¥s (* tr* tt*ritatyk company the itKfAning reg￿lre5 ar¥1
appI￿at￿ of reS￿r¢e$, MKlwling tre ar￿ e)¥erKlitwe. of ￿ chorlzb* cryny for that per￿d. In weparlng these final￿al
Statern￿ Dlricttys are re£pJired to:
t gJ71 a¢o￿nt[￿j and then 11pp￿ them corGI#*,
Prepare finorKial Statements ijn the wr9 basis Unl￿ ￿ 15 to pre9Jn* that choritobk gToJp wi
contlnue In operatyjn.
Dlrats are for kewrwj adequats aC0￿ntr￿j are to and *in tr￿ aynpanls
tra1￿ct￿)r￿ and dsclose with re49Mble xcurncy at ary tirre the flnamal of the chartable crynparry arrfl tmm to ensu￿ that
tt* fin?￿ra1 staternents compty with the C(ryar4es P<t 2(￿. Tft>f I￿ aLg) rtsp)nsit4e 5afeguardiNJ of the choritalle oJmpBny
So fa as that is ware. tPve i5 no infwmalkn the d￿rItatIlE grwp% aKlitor 15 arKI tlwt Tru*ee Iw5
tsken aN Steps that to ha* takn as a Truth in to bE *￿e rf ary le￿ *rfLYmth arKI to e5fAbl&th that the
charitable wp's •Jditor 15 bware cl that inftymakn.
rA Cornpan￿ 2fJ)6.
by trrt Tnstees fyi %& .11. 2•* ￿1 thdr bthal Iy:
Thls npirt Y4•5 a
Paul dpJ Chlrnwn

Docusign Envelope ID.. C919CB10450U417-AE77-9A5EFD90C550
FOR ThE YEAR ENDED JO APQIL 1014
We have ?￿ted%heflnan￿￿ siaremettts ofworyhw Cthmparyc1tr￿ Fumlth Makerf thartsbleFw￿s1n￿ornVn￿theFUMl$h[n8Trades gene¥olert
A50¢lat￿n Iihe. wrenteharkable comparfland its iub&thine5 Ilhe8fLW'I fry rhe yeTrded30Apnl 2024whKh cc4ThPm theGroupStsteff*ntof flnancl*l
the Groupand parent<hartsblecornpany￿Ilnce%heeE ￿ Grwsr•t•Y*ntofcashfltrw$•￿ the related note5. a 5urnmirycfswnificanl
untyry¥ pdkiekThe financiil repcrtiryframeworkthat hasbethawlled Intt**pwJntron sapp1Xab￿ lawaThl ¥Jnited ￿ngdorn Accountinistandards,
cludiniFlnandal Rep)rts￿Stanthrd IOIThR F*wndèl RWO￿51&1dWd •pplt4lleffithe I￿￿ted r￿ne￿￿At￿ptsd
AttountiD8 Prictic•l.
ouropiilon ihe ftn•nthlst•temÈnts.'
*truÉ*ndfatr￿eW￿tre￿a￿0I￿*Yo@$￿￿yrETr1 thinl*bletthw*VsaliTtS•Sat 2021•￿ oflts ènd4thlc•kn of
re5wrr•K ind*Jthn8 Its Ineoffltavdexp*xlitute forthEyear tt*nended.,
hwe been WDPETty PTepared in with Uryred Km8dom Gu*ralfy Prnctice..
been prepared in aEcordaKe ¥Athfhe req¥ireff*msofthe ClwtiesAct2011.
ourath In accordafflcevAh Internath]nai&arhlxdsffiA•thtylUKIIIYtsIiKll¥4 •ppkable knT. (￿r re5kbxthl￿eS urxlerthose Standards are
lurtherdescrlbed In theAudk4*s re%Fonsl)IIFt*5 Iwthe al￿r(01the $￿ter¢￿*s olrwJriwL Weare lrn1ep￿thtoI the 8roup parert
tharitabte ccryiany In aC£¢Yda￿ewffththe ethKal reqwementsth*tarerelE¥antto ourauthrof the fir*￿￿1511len￿s kn the United Kir4doffl. Ir￿U￿n1th*
anchil Report1￿cou￿d'5 Ethd Standarf we fU￿Ned our other ethKa reyhbfjKYe5 kn ¥£Orth￿C￿(th these r￿re￿￿s.wèts￿Ithtthatt
audiievlden¢ewt obtsIr￿d & sufflrkni afid apprwate loprutha bas￿ fortyjfothth.
In awlEtlrythe fimnciil sr*thn*rt￿ wt hm¢ty*wJ¢d th•t th•Tn*Q￿UsQOrt￿￿1￿(XffiCern b￿￿OI￿￿￿￿tI￿￿ntht￿Wr%thft otthe ftn•ndl
apwupriat2.
sed orbthe wor*we performed. *ehm identtf*dany materlal yrKgrt•ftl￿ rebt1¥kne￿1ts weofv*tknnsthèL 4)diwthAllyorcdlKUvth, miycast
nthTrtdoth •knJt the8roup's or tharltsb￿￿Y￿5￿Iwty to •sap￿￿orKe￿IOr•PerkndaI# *￿I￿lIe￿*MonthIfr0my1￿ft
onclal $tsttmer￿ are •uknsedfor55sue.
w¢ respon5ibk for Theoiher Informatity￿ ttsnta￿ed within theAll￿￿1 reyt. Owowiionon the financkl staternentsd￿ not cover the othtrinfomaiioft*Th
exeptto the ?xtent0the￿%e expmrith stated in ourreport wedo not exwe55 anvf(wrnUfa5yAan￿Co￿￿loll ther2on.lJ42r respon￿bIlitY i5to readtheother
Inf￿￿￿ts0￿ and. in doI￿S0. CoMS.'det whether thÈ ttthor ihftstmatkn k matprfal¢inmn%ttt•nt thp finAnr￿1 nf nljr knnwlptl8• crdjr
ofthe iu¢NL ￿OtherwISe *ppearsth be rnaterrJl￿ misstated. If we itsentlfy gxh m•teri•l incon￿l*n￿e$ar1Qp1r¢n1r1l1le11ll n4sstsltern•nts, two are requiredto
termine wh￿hÉrth1$efves rise t¢ a rnaterkil nis5taieff*nt In the fin•fi(s¥ siatementsthemsePrt If. b•sedonth¢woth we IwY*prrformedwe wndude t￿t
there isa mat￿la1 mis5tatementolthi5 utherlhforrN￿,welTe￿eVTed1D rewlth*ts
We have wtNngto report ID re83rd.
nlon..
. tho lThfrntlon the Truste•5'fQPOrtIs any m*rt* rWectwtthtKifirn￿kn15l•t*menty'
yjffident xcouThtirp¢ retords have r￿t been kept.. gr
flthiTrcial stater1￿ are not*n leree￿nt*th aCcO￿￿r¢ie(W￿s￿ThJ
we h3VeTrxre￿l￿￿d¥l the knfom4tb)n aTh1 explanatlon5we rewirelorouraudL
AsexF4alr*d mrelu1￿IntheTrwtee5're￿n￿￿￿IeSsth*￿￿its￿TTrts￿e${WlWja￿ itsott*th'redorsof thÈ tharitsblt tthrbpatyfDrth2pLYPJ5esolcompanv
wl are resWlslblefthT the prepar¥donolthe 5￿te￿￿￿)d k￿be1￿￿￿tI5fiedlh￿ tyii¥e atrue and fair ￿e￿, and fry gxh nternalthfitrolasthe
Trusteesdetermlne Is neeessarytoen*bSethe w*r¢tionof fin•na4 srathrrem5thatare free from materi•l mlsstattsTrQALwhethèrdu¢to Iraudor error.
InprTparfr¥thefinarKkl statemeThtyfj*TrLOtee5ar• row*bleforassesw4 the￿D￿5￿mI plrertd￿riI￿b￿ *1fitytowntrU•￿
15 applicatse. matters rdatedto8olr4 corttrn aThd usrythesol￿ un*$$￿Tr$￿teeseltl￿rlrte￿I ta ￿tskIttethe
thaAtèble comp8ny¢* ro cease0￿rI￿on¥ or IM¥e ￿ rea115Vc a#off*ti¥*buttodo so.

Docusign Envelope ID.. C919CB10450U417-AE77-9A5EFD90C550
IIIDEPEIKIEIIT &•JJDifoR'S IIEPORT
Weha¥e been appokntsd as*yJltor ubwkr5ectx>n 144ofthpawth51rt￿11￿￿￿tyl the •4t aTrJ rekwant mèdeoThw41ry
el1ertthtre￿rter.
0uroblt<t￿S èrt W obt*n rtasonaNeatyJrnnceabout whetherthefirt4n¢hl st*ern￿O$1 *knl¢arefreefrom marerwl Mi$5¢￿n￿n¢ wh*ther¢I￿ w fraudor
ermr, aml to155uEan Audrtorf5 rekvt that￿£￿e5 Lxyrynknn. Reasonab￿ as5uranceis a heh knlofas5urante. a8uarantee that an audStcrffjdwted
•CUrfdar￿e ￿th ISAS IUKI wlll alwaysthterta MISStaten￿￿wP*n itewts. MISS￿￿￿￿ts can arr*from fra￿1 verrorandare cofi￿dered Mater1￿ K.
IndMdUa1￿ w 5Dthe iureiate. rbeycouhl re￿nI￿V be expected lo br1bj￿ the economic ¢le(l40￿ olLt5er5tskenon the ￿￿￿orth￿Se11n4rKIll mi￿*01%.
Irreiul•fth5. I￿¢￿dIn8 frau￿ IM and re8kn We* ￿￿t￿reSIn Ine *lthowfesponsibilities, (￿￿1r￿d ab¢*.to
detect material Thissrate￿ inrespett d irreKularknG Theextemtawlmrh ourprocedure5arecapatsle ofdet¢ctin8 irre8ularltbes, knclwdlnl fraud
15dÉtsiled beknw..
tht nature Dfthe Indu5tryand sertof, cwtrolenvlronmeni ind b¥5tness perfor￿n￿ Iv*luOinithe rtMur*ravonlKenrK￿ and p￿s￿re$ ol keymafi4ement
theprimary res￿￿￿l￿fIx1￿ wt¥entifm •rMI ¢let¢ci¥ffi otfr•*Sttsts with with w￿rnal￿e01t1￿tntity￿nd maDagemenLWe conslder
the resultsofourenqwr*sol rnènaeen*ntabout arnl asse55m￿OItheth0r irre¥u1arit￿s',
4vymittefS** h1entir￿4 hwlneobts5ntd re¥￿the Gr￿5(* PWent￿￿ryd￿)￿￿lon ofthdr pd1[￿S1￿j relitbw to..
deteain8 and respondinitothe rssksof+raudar¥J wFEtt*itt*¥ ha* olMryad¥Jal. ￿Spected0r allryed trawl:
the lrtern* c￿rrO1$ establlshedto rnwte risks offr1￿1 e* In¥5 rwlatsoThs',
the rNttersdlxussed amonithe a￿lIt ehMeft*nlte4m rw1thryh￿ andt*h¢re fraud mtqhi the flmncthl 5Utements and •nypotenthl IrrfKotoNof
fr•trd.
A5a resulLoI thtjo procedures, we￿0￿¢￿￿tI the wportuntttes•Thl i•thnifftsttrAt mtyexkt wlthln tho lor IFaudiftd hlenrfed thedreate5t potrntlal
forlrayd. In cgnTh)D Wtth •ll ur4ef1&4s IUll.weare *soiewIr￿t0ptrtNm sptc￿¢pr+xed￿tsl0 respond ¢0 the r&*rfm•n4yM￿¢ owrrvk ￿dL￿11
ttsfjr4JwnaLs and vfiluatini *I￿there￿Ise¥b1r￿Ce 01￿4S ￿ th¢tru#ee¥that r￿tten￿3 ri%k ofmateriilnusst*mentdue tofr•ud.
Weabooi*alned4n mderstsTrJlryolthe*al re￿￿fr•ne￿￿ihx theGrrfsty p•rentCOnwrryoWA￿lffj10t￿rfl2rt prtvith ofthclse lfvs
J relu￿10Th5th1l had a dlreftelfettoThthedetErynln•tion ol ma￿TIll and d5cIDWrt5kn fvflnarrtiil ￿ter￿Ents. We f￿uleI on rwl•tion5
thitcould live riseio a materd Misstaten￿￿* fina￿* slatur￿ notfKrdtrd to. thecryryths Art 2aS,Ch•riI￿sArn 2011 and rekv4ntfax
15fatlty
Oe¢atss•oIi￿ i￿h•￿nt lirnitaiionsof an a¥dk. iherE isa rukthatwe¥AI nut detxt al Irrryulaiknek indudini th95¢ leadlwtol fflètertsl mi5%¢1ten￿t Intht
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