| Page No. | |||
|---|---|---|---|
| Legal and Administrative | Information | ||
| Report ofthe Trustees | 2- 4 | ||
| Independent Examiner's |
Report | ||
| Statement ofFinancial | Activities | ||
| Balance Sheet | |||
| Notes to the Financial | Statements | 8-9 |
| Trustees | The Worshipful | Company ofDistillers | ||
|---|---|---|---|---|
| Principal | Ad&lress | 1 The Sanctuary | ||
| London | ||||
| Swlp 3JT | ||||
| Registered | Charity Number | 1038763 | ||
| Indepemlent | Examiner | Joanna Dyne FCA | ||
| 38Letty Green | ||||
| Hertford | ||||
| Hetts | ||||
| SG142NZ | ||||
| Bankers | C Hoare BcCo | |||
| 37Fleet Street | ||||
| London | ||||
| EC4P 4DQ | ||||
| Investment | Cazenove Capital | |||
| 12Moorgate | ||||
| London | ||||
| EC2R 6DA |
| Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| Fund | Fun&1 | 2020 | 2019 | |||||
| Note | ||||||||
| Income | ||||||||
| Fundraising Activities |
||||||||
| Charity Auction | 60,080 | 60,080 | ||||||
| Master's Cask | 7,817 | 7,817 | 6,563 | |||||
| Carol Service | 660 | 660 | 585 | |||||
| Spirits Tasting | 3,283 | |||||||
| Master's Bike Ride | 40,405 | 40,405 | ||||||
| 8,477 | 100,485 | 108,962 | 10,431 | |||||
| Donations (Including |
Gift Aid) | 45,438 | 39,601 | 85,039 | 54,507 | |||
| Investment income- |
||||||||
| Dividends and Interest |
30,641 | 30,641 | 39,081 | |||||
| Total Income | 84,556 | 140,086 | 224,642 | 104,019 | ||||
| Kxpeu&liture | ||||||||
| Charitable Activities: |
||||||||
| Donations, Grants |
and | |||||||
| Scholarships | 7 | 75,340 | 140,086 | 215,426 | 52,136 | |||
| Sundry | 978 | 978 | 1,845 | |||||
| Raising Funds: | ||||||||
| Investment Management |
Fees | 2,483 | 2,483 | 2,545 | ||||
| Other Expenditure: | ||||||||
| Legal Fees | 2,400 | 2,400 | ||||||
| Consultancy Fees |
3,570 | 3,570 | ||||||
| Total Expenditure | 84,771 | 140,086 | 224,857 | 56,526 | ||||
| Net (Expenditure)/Income | Before | |||||||
| (Losses)/Gains on Investmeuts |
(215) | (215) | 47,493 | |||||
| Net (Losses) on Investments | (141,416) | (141,416) | (3,500) | |||||
| Net Movemcnt in Fnnds |
(141,631) | (141,631) | 43,993 | |||||
| Total Fumls Brought | For&var&1 | 1,117,736 | 25,000 | 1,142,736 | 1,098,743 | |||
| Total Fnnds Carried Fonvard | 976,105 | f, 25,000 | f. 1,001,105 | f. 1,142,736 |
| Note | 2020 | 2019 | ||||
|---|---|---|---|---|---|---|
| 8 | 8 | |||||
| Fixed Assets: | ||||||
| Listed Investmcn(s | 951,619 | 1,036,837 | ||||
| Cash I.leld | for lnvcstmcnt | 7,671 | 48,021 | |||
| 959,290 | 1,084,858 | |||||
| Current Assets.' | ||||||
| Debtors | 33,609 | 19,273 | ||||
| Cash at Bm&k | 48,611 | 38,605 | ||||
| 82,220 | 57,878 | |||||
| Liabilities& | ||||||
| C&u&tito&x - | Payable within one year | 4 | 40,405 | |||
| Net Current | Assets | 41,815 | 57,878 | |||
| Net Assets | 61,001,105 | 61,143,736 | ||||
| Total Charity | Futuls | |||||
| Unrestricted | Pund | 976,105 | 1,117,736 | |||
| Restricted | Pun&I | 25,000 | 25,000 | |||
| 41,1101,105 | i | 1,142,736 |
| Investments | 2020 | 2019 | |
|---|---|---|---|
| g | |||
| UK Listed Investments | |||
| Market Value at 1 November 2019 | 1,036,837 | 895,746 | |
| Additions at Cost |
56,364 | 144,591 | |
| Disposal at Canying Value |
(166) | ||
| Net Loss on Revaluation | (141,416) | (3,500) | |
| Market Value at 31 October 2020 | 951,619 | 1,036,837 | |
| 3. | Debtors | 2020 | 2019 |
| g | g | ||
| Due from Distillers' Company |
7,817 | 3,283 | |
| Accrued Dividends | 5,154 | 8,620 | |
| Tax Recoverable (Gift Aid) | 9,969 | 7,370 | |
| Master's Bike Ride Pledged Donations | 10,669 | ||
| 33,609 | 19,273 | ||
| 4. | Creditors - Payable Within One Year | 2020 g |
2019 f |
| Grants and Donations Pledged |
|||
| —Master's Bike Ride | 40,405 |
| Donations, Grants and Scholarships | 2020 | 2019 | |||
|---|---|---|---|---|---|
| g | |||||
| a) To support education within the trade, including |
the | ||||
| Macdonald Buchauan Bursaries |
an&1 other scholarships | ||||
| Wine &.Spirit Education Trust | 4,500 | 4,500 | |||
| He&lot-Watt/ICBD | 2,500 | ||||
| Institute ofBrewing &Distilling | 2,250 | 1,750 | |||
| 6,750 | 8,750 | ||||
| h) To support alcohol related education, | especially | ||||
| targeted at young people | |||||
| Alcohol Education Trust | 30,000 | 15,000 | |||
| The Drinks T&ust | 110,080 | 7,500 | |||
| New Philantlu opy Capital | 13,440 | ||||
| 153,520 | 22,500 | ||||
| c) To support the Live&y and | |||||
| City related charities | |||||
| The Connection, St Ma&tin in the |
Fields | 2,500 | |||
| Lord Mayor's Appeal for Onside 'Future' | Youth Zone | 32,500 | 12,500 | ||
| Lord Mayo&"s Appeal | 3,636 | ||||
| Sheriffs' &Recorders' Funds | 1,000 | 1,000 | |||
| StLawrence Jewry | 750 | 750 | |||
| St Paul's Cathedral | 500 | 500 | |||
| Other Charities specified by the participants | |||||
| in the Master's Bike Ride | 20,406 | ||||
| 55,156 | 20,886 | ||||
| Total Donations | 215,426 | 52,136 |