ei: ip Worshipful Company of Yas-' L'ylers and Bricklayers Sead & fag Chartered in 1568
CRAFT TRUST
INDEPENDENTLY EXAMINED ACCOUNTS
For the year ended
29 September 2025
Charity Number 1020017
CHALMERS HB LTD Chartered Accountants 20 Chamberlain Street Wells Somerset BA5 2PF
THE WORSHIPFUL COMPANY OF TYLERS AND BRICKLAYERS - CRAFT TRUST
ACCOUNTS
YEAR ENDED 29 September 2025
CONTENTS
Independent Examiner's Report
Trustees’ annual report
Receipts and Payments Accounts
Supplementary Notes to the Accounts
by CHARITY COMMISSION FOR ENGLAND AND WALES
: Independent examiner's report on the accounts
Section A
Independent Examiner’s Report
Report to the trustees/ ; members of | [he Tylers and Bricklayers Craft Trust
On accounts for the year | 29° September 2025 Charity no | 1020017 ended (if any)
-
| report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended .
-
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). | report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
-
Independent | have completed my examination. | confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect: e accounting records were not kept in accordance with section 130 of the Act or
-
e the accounts do not accord with the accounting records
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Relevant professional | ICAEW & ACCA qualification(s) or body
(if any):
Address: | Chalmers HB Ltd 20 Chamberlain Street, Wells, Somerset. BAS 2PF
Section B
Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose.
] | | | |
|
|
|
|
|
==> picture [383 x 47] intentionally omitted <==
----- Start of picture text -----
oun 2 Trustees' Annual Report for the period
COMMIS f Period start date Period end date
----- End of picture text -----
==> picture [65 x 15] intentionally omitted <==
----- Start of picture text -----
Section A
----- End of picture text -----
Reference and administration details
Charity name|Tylers And Bricklayers Craft Trust
Registered charity number (if any) | 1020017
Charity's principal address| 50 Arlington Avenue
Names of the charity trustees who manage the charity
==> picture [491 x 157] intentionally omitted <==
----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|,|-|
|{|David Cole-Adams|||Trustee|Resigned|8" August|
|2025|
|2[RishardHolden|[Twstee|||||
|3 ||Jeff Fuller|i|
|4|| David White|fmustee|||C~iC|
|s{ianwison[Tustee«||CCS|
|Names|of the|trustees|for the|charity,|if any,|(for example,|any|custodian|trustees)|
|[Name|——Ct—“CCCC_||atte acted|if not for whole|year|
----- End of picture text -----
Names and addresses of advisers (Optional information)
==> picture [468 x 63] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Type|of|adviser|Name|Address|
|[Accountant|_—=—-|Chalmers HB|Ltd|__|20 Chamberlain|Street, Wells,|Somerset.|BAS 2PF|
|Name|of chief executive|or names|of senior staff members|(Optional|information)|
----- End of picture text -----
Mr Martin Reading (Treasurer)
Section B
Structure, governance and management
Description of the charity’s trusts
Type of governing document Trust Deed dated 27" h February 1992
h
-
Additional governance issues (Optional information) Xs ‘ Risk Management Sa lithe ratings aiheee ue Trustees have considered the major risks facing the charity and have
-
relevant, about: aken steps to mitigate those risks. ° policies and procedures Related Parties adopted for the induction and The charity is one of three charities set up by the Worshipful Company of training of trustees; Tylers and Bricklayers (“the Company”). As such, the Trustees are, from
-
e the charity's organisationala time to time, guided by the Court of the Company. structure and any wider network with which the charity works;
-
e relationship with any related parties;
-
e trustees’ consideration of major risks and the system and procedures to manage them.
Section C
Objectives and activities
The objects of the charity are to promote the crafts of tiling and bricklaying and to further education in the crafts of tiling and bricklaying in such ways as the trustees shall in their discretion determine and in particular and without prejudice to the generality to the generality of the foregoing by
-
e promoting and financing courses for studying the crafts of tiling and bricklaying;
-
e awarding scholarships, exhibitions, bursaries or maintenance
-
Summary of the objects of the allowances to enable any persons to undertake training in the ‘ nt crafts of tiling and bricklaying on such conditions as the trustees
-
charity set out in its shall determine: GRTEMING Bae e providing funding for a lectureship in the crafts of tiling and
-
: bricklaying tenable on such conditions as the trustees shall determine;
-
e presenting awards for tiling and bricklaying either in a new building or in the restoration or improvement of a previously existing building so as to encourage the study of the crafts of good tiling and of good bricklaying and the pursuance of excellence in the crafts of tiling and bricklaying
-
e and by such other charitable purposes as the trustees shall from time to time determine.
|
|
==> picture [483 x 120] intentionally omitted <==
----- Start of picture text -----
Summary of the main
activities undertaken for the
public benefit in relation to . . F
these objects (include within The Trustees confirm that they have complied with the duty in section
this section the statutory 17(5) of the Charities Act 2011 to have due regard to the public benefit
declaration that trustees have guidance published by the Commission
had regard to the guidance
issued by the Charity
Commission on public
benefit)
----- End of picture text -----
Additional details of objectives and activities (Optional information)
You may choose to include
further statements, where relevant, about:
-
e policy on grantmaking;
-
e policy programme related investment;
-
e contribution made by volunteers.
Section D Achievements and performance Summary ofthe main, DuriExpe n gditure the year,totalled the charity£37,702 received(2024: income£27,565) ofso £32,982an underlying(2024: £27,839).deficit achievements: of the charity (excludingSosy 8investment movements) of £4,720 (2024:; Surplus £274) was during the year made this year. However, £10,000 of both the income and expenditure relates to costs paid and on behalf of the charitable trust which were then reimbursed due to temporary issues caused by changes in bank signatories during the year. After accounting for investment movements, there is a net deficit for the year of £3,616 The Trustees believe that they have adequately been able to meet the charitable objectives during the year. Section E Financial review Brief statement of the The charity's reserve policy is to maintain a sufficient level of unrestricted charity’s policy on reserves reserves necessary to generate the income required to run the charity on a day-to-day basis. Details of any funds materially in deficit
Further financial review details (Optional information)
You may choose to include additional information, where . relevant about:; Principal Sources: of Funds , ; The main funding sources are income from investments and voluntary e the charity's principal donations from members of the Company. sources of funds (including any fundraising); Investment Policy ° how expenditure has The Trustees review the investment strategy and the investments and supported the key objectives | "© happy with the suitability of these in accordance with the Trustees Act of the charity; 2011.
|
- ¢ investment policy and The Trust Deed authorises the Trustees to make and hold investments objectives including any on behalf of the charity. ethical investment policy adopted. Transfers Between Funds The transfer of £65 between the Unrestricted Funds and the Restricted Funds relates to the certificate and frame cost for the Montgomery Prize, from stock held by the unrestricted fund.
==> picture [68 x 16] intentionally omitted <==
----- Start of picture text -----
Section F
----- End of picture text -----
==> picture [188 x 16] intentionally omitted <==
----- Start of picture text -----
Other optional information
----- End of picture text -----
==> picture [503 x 131] intentionally omitted <==
----- Start of picture text -----
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) JEPPREY PULLER eee
etc) rustee
----- End of picture text -----
|
|Gip|SMSGNWO [motenaomamencenren
} FOR ENGLANDANDWALES
|The Tylersand BricklayersCraftTrust
1020017
Receipts and payments accounts|CC16a|
|---|---|
|For the period
+
from
30/09/2024
°
29/09/2025||
|Section A Receipts and payments||
|Unrestricted
Restricted
Endowment
finds
fands
funds
Totalfunds|Lastyear|
|a“aad
tothenearest£
tothenearest£
tothenearest£|tothenearesté|
|Ai Receipts
[Dividends
CCi‘(gRNSOC‘é#2,BS‘
[|
[6125|
[Donations
SS
CSC~“‘;SCCYSCCOCNGOOZ|
|S| |
ee)ee
lonag™—~—“SC
YTSTC™C~CCSC |CC™—CC—CCCTE
884|
ee eee
Es
esSee |es|
|es| |
a
Pee) |ears|ES|i |||
|A2Assetand investment sales,||
|see table).
Investmentssold
[13,108|
[2320] [1,505
|
DP—CCCCSd/T
|
are|ee
Subtotal]
10,724] |13,108|
P2820] [1,505|||
|A3 Payments
CT
TTTTCOCUdCOCJE94875]
Prizes
|
|
lAvardcosts™~—“—;~~™SCC“‘S;CC(“C
MSO[CUT
loner
™t—CSTSCT
CT S™—~CSC—C ||TTTTCTCTC~d dECT
[Ci
lAccountany.
S~S~—C—ss—SYSC<CSé‘iOMOdCYTSCSCC“‘“CSNSOCOCdCYLSCOOC‘“(’SN’NSTCY‘;
oo][4,982
TrophyContribution——S=—tYSSC“‘~;‘~ésSB~CGCSCSSSC“‘CSCSC'L[SCOCOCCTea|
BankChargesSC—~—“—~—SC“‘C;S
CoddTU
rs
2ee
BookContribution
————S«dT[—Sé~<~™~ésdCECSSCSCCdCEC TCTg
Subtotal| __szese][—s47te]{_—SJ[87,702]|[14,500
|
|3,750
|
8
[4,982|
|
[333|
|*|
|A4 Asset and investment||
|purchases, (see table||
|Investments Purchased
PCCP
Te
iraeelsowee|
Subtotal|__9,848||
|Netofreceipts(payments) | -__3,129
a
NG
ASTransfersbetweenfunds
[-65)||
4|
A6Cash fundslastyearend
[35,964
Cash funds thisyearend|___32,770} |—_—17,
163||i|
Section B Statement of assets and liabilities at the end of the period Unrestricted Restricted Endowment Categories Details funds funds funds to nearest£ to nearest£ to nearest£ Bt Cash funds | ee | | Total cash funds 32,770 | ee (agree balances with receipts and payments account(s)) Unrestricted Restricted Endowment funds funds funds Details to nearest£ to nearest £ to nearest£ _ — ; asset belongs P optional Details Fund to which Cost (optional) Current value P| ; Details assetFund to belongs which Cost (optional)P Currentoptional value Fund to which Amount due When due Details liability relates optional optional ——™ Signed by one or two trustees on . ‘ Date of behalf of all the trustees Signature Print Name aperoval JEFFREY FULLER — —
THE WORSHIPFUL COMPANY OF TYLERS AND BRICKLAYERS CRAFT TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 29 September 2025
The following pages do not form part of the Accounts to be submitted to the Charity Commission
THE WORSHIPFUL COMPANY OF TYLERS AND BRICKLAYERS CRAFT TRUST NOTES TO THE ACCOUNTS YEAR ENDED 29 September 2025
1. BASIS OF PREPARATION
In order to minimise the administrative cost to the charity, the Trustees have chosen to adopt the Receipts and Payments method of preparing the annual accounts. The charity is eligible to adopt this basis of preparation under the size criteria set out by the Charity Commission.
2. INVESTMENTS
Under the receipts and payments method of reporting, the accounts exclude revaluation gains and losses. The Movement in market value for the year is as follows:
==> picture [421 x 181] intentionally omitted <==
----- Start of picture text -----
Movement in market value
General Fuller Stokes Mason-_ Total
Fund Prize Prize Elliott
= i £ £ £
Opening Market Value 104,745 28,250 86,285 18,544 237,824
Acquisitions at cost 9,848 2,651 8,260 2,020 22,779
Disposals and equalisation - 10,724 - 2,698 - 8,581 - 1,827 - 23,829
Net gains/(losses) on 2,654 117 -2,144 482 5,996
revaluations in the year
Se
Closing Market Value 106,522 28,921 88,108 19,219 242,770
Historical cost at the year end 99,942 27,035 82,979 18,004 227,960
esse
----- End of picture text -----
Investments are shown at market value at the year end date, as provided by Rathbones.
Additions during the year
Investment Cost General Fund Rathbones Core Investment Trust for Charities £ 9,848 Fuller Prize Fund Rathbones Core Investment Trust for Charities £ 2,651 Stokes Fund Rathbones Core Investment Trust for Charities £ 8,260 Mason-Elliott Prize Fund Rathbones Core Investment Trust for Charities £ 2,020 Grand Total £ 22,779
THE WORSHIPFUL COMPANY OF TYLERS AND BRICKLAYERS CRAFT TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 29 September 2025
| Disposals during the year | ||||||
|---|---|---|---|---|---|---|
| Company | Historical | Total | ||||
| Cost | Proceeds | Gain/(Loss) | ||||
| General Fund | ||||||
| Core Investment Fund for Charities | £ | 495 | £ | 533 | £ | 39 |
| Greenbank Global Sust Fund | £11,978 | £ | 10,156 | -£ | 1,822 | |
| £ | 12,472 | £ | 10,689 | -£ | 1,783 | |
| Fuller Prize Fund | ||||||
| Greenbank Global Sust Fund | £ | 3,171 | £ | 2,688 | -£ | 482 |
| £ | 3,171 | £ | 2,688 | -£ | 482 | |
| Stokes Fund | ||||||
| Core Investment Fund for Charities | £ | 248 | £ | 270 | £ | 22 |
| Greenbank Global Sust Fund | £ | 9,768 | £ | 8,282 | -£ | 1,486 |
| £ | 10,016 | £ | 8,552 | -£ | 1,464 | |
| Mason-Elliott Prize Fund | ||||||
| GreenbankGlobal SustFund | £ | 2,146 | £ | 1,819 | -£ | 326 |
| £ | 2,146 | £ | 1,819 | -£ | 326 | |
| GrandTotal | £ | 27,805 | £ | 23,748 | -£ | 4,055 |
) | |
THE WORSHIPFUL COMPANY OF TYLERS AND BRICKLAYERS - CRAFT TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 29 September 2025
Detailed investment holdings
| Opening | Closing | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Holding | Company | Historical | Value | Value | |||||
| Cost | as at | as at | |||||||
| 29/09/2024 | 29/09/2025 | ||||||||
| General Fund | |||||||||
| 106,235.160 | Charity Growth& Income F | £ | 99,942 | £ | 94,110 | £ | 106,522 | ||
| - | Global Sust Fd S Inc | £ | - | £ | 10,635 | £ | - | ||
| £ | 99,942 | £ | 104,745 | £ | 106,522 | ||||
| Fuller Prize | Fund | ||||||||
| 19,810.000 | Charity Growth& Income F | £ | 27,035 | £ | 25,435 | £ | 28,921 | ||
| - | Global Sust Fd S$ Inc | £ | - | £ | 2,815 | £ | - | ||
| £ | 27,035 | £ | 28,250 | £ | 28,921 | ||||
| Stokes Fund | |||||||||
| 87,871.090 | Charity Growth& Income F | £ | 82,979 | £ | 77,612 | £ | 88,108 | ||
| - | Global Sust Fd $ Inc | 5 | - | £ | 8,673 | £ | - | ||
| £ | 82,979 | £ | 86,285 | £ | 88,108 | ||||
| Mason-Elliott Prize | Fund | ||||||||
| 19,167.080 | Charity Growth& Income F | £ | 18,004 | £ | 16,639 | £ | 19,219 | ||
| - | Global Sust Fd S Inc | £ | - | £ | 1,905 | £ | - | ||
| £ | 18,004 | £ | 18,544 | £ | 19,219 | ||||
| GrandTotal | £ | 227,960 | £ | 237,824 | £ | 242,770 |
During the year, the Core Investment Fund has been restructured and renamed: ‘Charity Growth and Income F'
3. FUND BALANCES
| Unrestricted | Unrestricted | Fuller PrizeStokes | Fuller PrizeStokes | Stokes PrizeMason-Elliott | Stokes PrizeMason-Elliott | Mason-Elliott | Mason-Elliott | Montgomery | Montgomery | Total Funds | Total Funds | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | Fund | Fund | Prize Fund | Trust | ||||||||
| Opening Balance | £ | 151,635 | £ | 41412 | £ | 92433 | £ | 21206 | £ | - | £ | 306,687 |
| Income Expenditure |
£ E |
28,981 32,919) |
£ (£ |
682 957) |
£ (£ |
2,049 2,121) |
£ (£ |
455 889) |
£ (£ |
815 815) |
£ (£ |
32,982 37,701) |
| Investment Gains/Losses | & | 2,654 | £ | 717 | £ | 2,198 | £ | 482 | (£ | - ) |
£ | 6,050 |
| ClosingBalance | £ | 150,350 | £41,855 | £ | 94,559 | £ | 21,254 | £ | - | £308,019 |