REGISTERED CHARrrY NUMBER: 1044726
Unaudlt•d Flnandal stat•M￿ forthe Y•ar End•d 30th Jtsng 2022
THE WORSHIPFUL COMPANY OF FARRIERS
CHARffABLE TRUST 1994
I￿￿ Cropw Chartered Actountants LLP
65 Leadgnhall Street
L(Thlon
EC3A 2AD

THE WORSHIPFUL COMPANY OF FARRIERS.
CHARITABLE TRUST 1994
Contents of the Financlal Statements
for Ihe Year Ended 30th June 2022
Pag•
R•port of the Trnstee
1 to 4
Independent Examlnerfs Report
Statement of Flnan¢ial Actlvllles
Balanc• Sh•at
Notes to the Flnanclal Slatèmon
8 to 15
D•talled Statgmem rf Flnaneial Adivllles
16 to 17

THE WORSHIPFUL COMPANY OF FARRIERS.
CHARITABLE TRUST 1994
Rep¢)rt of thtr Trust••
for the Year End¢d 30th June 2022
The Trustee presents the finatThl smements aFKI rem crf ts f*anLY year en(led 30th June 2022.
Tha Truste8 has adopted prows￿)n$ of ACcryjntw￿ RepK)rting by Charities.. Statement of
Recommended Practice apFdicable to tharibes preparing thoir accounts in accordance writh the Financial
Reporting StarKlanl ap￿1¢abl9 In th8 UK and Rep￿liC of IrelarMI (FRS 1021 (effectlve 1 January 2019).
OBJECTNES AND ACTivrriES
Objecllves and alms
The charity'8 objects, as set in ils trust deed, are:
1. The training and educatlon of fa￿lerS and prospecuve fathers In th8 skill WKI perforniance of their cr8ft or
prOf8s￿On 8nd th8 promotion of wofid8nGy aNM)ng farriers.
and thesr familieo.
3. The reh'ef of Suffering and distress of horse&
4. Other ch8rll8ble purpose8 85 the Tru8tee thi)ks f
ACHIEVEMENT AND PERFORMANCE
Charltablo a¢tlYltles
The ChaTtty r8c&iv8s d¢Mations from Company members and other5 from a variety of sources. including the
Circulati￿ ofthe'chafitable Anv4' at Companyfunclw. Donations and boqug8ts ara also recgived from tlmo
lo tlm9.
Th• Charlty's k•y I￿1￿CIary l¥ Farrl•ry Examlnatlons Ltd). vthlch l• r•spDn•lbl• lor tho ov•rnlght ol
all farrl•ry ox#mlnatloM In th• UK. The company's adivify i8 central lo the fvifilmenl of th8 Chaiity's
objectives to the wellare of the ho￿ through axcellent f8rriery. Thè Charfty akn makos smaller donation$ $$
noeessary in pursuit of the other obpdive of Ihe relief of poverty and suffetlng of tsryiers, apprenticè farrler8
and their immedlato family. In thi5 To08rd. tha Charity award6d wants ol £84.466 arKI supportad studènts
through the Equine Vet Studles Award amcMJnliroJ lo £5.413.
FINANCIAL REVIEW
Flnanclal posilion and th• •ff•¢l of th• Covld.19 pandoffllc
The Charity recorded an increasé in income from £60.744 to £81.354, reprosentlng InGreaFed Incom8 from
donations. Expendllure a130 increased from £40,913 to £112,329, malnly because grants of £60,000 were
made lo Fariiery Examlnations Ltd and grants of £10.000 lo Farr￿ Craft & Ed￿lIOn Lid in the year.
The global Covid-19 pandemiG had an Knpacl on ￿ valuation of the investm#nt p￿1[01￿)$ last ye8r but the
previously reported unreali5ed gains cm the investrnenl p￿110 have reversed as a re8Uti of matfret conditions
following thè war In Ukraine and global ecor¥)mic uncertainty and there *we losses of £149,045 compared to
gains of £249,398 in the prior year.
As a Trsutt, the cr• had a nel exptr)dth of£180,020 (2021.. nfrt income of £269.229). Total funds at the
year*nd amounted to £1.962.868 ofwhK* £374.068 is restri￿ purposes and £1,568,800 unrestricted
purposes.
Thè Charity is well fijnded and *ps atAe to manage ts imm8diat• Impact of the c￿ld-]9 pan(Jemi¢ on its
activities.
Page 1

THE WORSHIPFUL COMPANY OF FARRIERS.
CHARITABLE TRUST IWJ4
Report of the Trustee
for the Year Ended 30th Jun• 2022
FINANGIAL REVIEW
Investment policy and objectives
The Charity maintains a numtEr of investrrwt fijnds tn pursuit of its acii¥Tttes. The Charity has delegated
discfetionary management of the investment t￿0110 to Rathbone Brothers plc. who manage thg investments
in accordance with the invesknent strategy set by the Company. The Trustee's overam strategy is to invest
pr￿￿en￿y and conservativety, beariro in mind the charifable aims set out above.
The Tnjslee appoints an Investm￿￿ Commrltee. chaired by Ihe HonoraryTreasurer. whith m8ets twice a year
wlth a fund manager from Rathbone Brother5 F4¢ to discuss investment perfonnance and strategy. The
Investment Commlttee reports tts acti￿lieS to thè Court for approval. The Invèstmant Committee is made up
of Liverymen who have surtable prolessional backgrounds to fulfil their duties.
There are re8tricbons In Ihe trust deed on the tyFe of investrrent in which the Charity can invesL However,
as a Th)mparalively sm811fund wiEh very limited inflows olnew moni8s. investrnent in quoted securities (equities.
bonds and both open and close-end*l fijndsl is constdered by the Trustees to be the onty practical method of
oblaining a balance betsveen current income, security of Gaprtal arKJ fvture growih. The fvnd is too small to
invest directly in land or real property.
Res•Tves policy
The Charity to retain income in orrfer to safeguard tts fvture. The Trustee seeks lo maintain reserves
a level that will ensure that tho income therefrom is sufficient to (x)ver one years average tolal expendlture.
Both the E•val of ra#erves aThl the rewThes FK)Itcy are revOtrw&J on an annual basis.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The Worshipftjl Company of Farriers, charitab￿ Tntst 1994 is an uninwrFwJrated tharity rfrjistered un(fer the
ch8rib.es Act 1993. The rsgisterod nurr]ber 1044726. The charity is govemed by a trnst dated 14
December 1994.
Do¢ision makFng
The Trustee of Tha Worshipful Company of Fa[￿r5. Charrtable Trust 1994 is The Worshlpful Company of
FarTiers.
The Company's affairs are managed by a Court who meet four times a year to discuss matters relating to the
Charitable TWSL An annual revlew of the Ch8ritabFe Trusts, op8rations. aims and objectrv8s is held at one of
these meetings. the last being held on 24 June 2022. The Tnjstee has had due regard lo the Charity
Com7iSgion's guidan￿ on public benefft when planniry the Char[￿S actiwts"es.
The officers of Ihe company meet as a Master & ward￿ eommittoa on a regu18r basis arKI act as an
executive committee. Their vLtr¥[t￿ arg reported to. and appThied by. lh8 Court as r￿uIred.
Court and Master & Wardens Meetings a￿ chaired by Master. who is an appointed by tha Court 8nnually
and serves a one-year term ofoffice. The Court reguLaTty aptM)ints r￿W Qjurt Assrstants to serve on the C(￿rt
and wh). rf elected will. tin, progre&s to beC￿e Master.
The current officers ofthe C￿rt are:.
Mr J H Wilsher
Lt Col M Houghton
Mr M Russell
Mrs H Cla￿n
MrJ Chilman
MrPRWatts
(Immediate Past Master}
{PAasterl
(Upper Warden)
{Mt(klle Warden)
(Renter Warden}
(Honorary Treatsu￿)
PaJe 2

THE WORSHIPFUL COMPANY OF FARRIERS.
CHARITABLE TRUST 1994
Rept>rt of Ihe Tfustso
for the Y•ar Ended 30th June 2022
STRUCTURE. GOVERNANCE AND MANAGEMEKr
Rlsk management
As part of Its overslght of the Charttable TntsL the CcMJrt of the Worshlpful Ccffipany of Farriers, as Corporate
Trustee, considers that there are risks to tho Tru$l and has put into place pdicies and pr￿ad￿reS
to mitigata thèm.
Th8s8 risks are - 1. Falls ￿ Ihe value and ythl of quoted a￿ts. Th& Chaiity r81i8s heavily on investment
Incajme to maintain its arArvitss. Thereth, this r￿k is ￿￿SK￿red to be signlknt
The Investment Committee has a spèufic rolo in workin9 With Rathbono Brothers plc. to ensure that tha
Company's shryl and long temi Ilnanclal requlrements are balanc8d effecuvety. R8thtry)ne Brothers plc. ar8
authorised to act on the Tru$tsé'8 bahatt for day to day Investment management purposes and are FCA-
8uthoris8d and sufyatt to FCA rulès on the treatment of dlent assets and cash. DetaiL8 of am IradifVJ actMIi9S
are prowded to membw8 of tho Inv•stmant Committoa as thoy ocujr. As wo11 a$ mooting with the Invostrnent
Committee. RathbL￿8 Brolhern, manager submils quarterly reFth3 aThJ h￿f.Ye8ty valuakns to the
Truste8.
The Trustee is ts)nscious of its res[Kmsi￿lity lo review the Managefs perfomian(2 al regular interv81s 8nd to
eompare it ag8ing1 firms offerirva a simil#r to tharilieg. whth it does via Investment Committ88 on
six monthty basis.
Th8 Tnjstee consk1ers that tr￿ tKAka8s wovkje as muL* w0￿1￿)n as on feasonabty be obtslned agalnsl
falls in quolod asset valuos. either in th8 norn￿1 cour88 of thé martto18 or trworod by polrtiC81, 8tr81egic. or
8conomic clrcumslances entir¥ty beyond the Trust's contrcl or influence.
2. Fraud The rfsk of fraud b conslder8d lo b8 low. An tharft8bl8 d18bursgments by the Tnjsl requlre the
consenl of the Master & Wardens Committee of the Court whith is Ils exec#Jt4ve t￿y. The Committee's
declslons are recorded In wrlllng and $ubrnitted in a report to each quartgtly meeting of the Cwrale Trusteè.
A full statement of the movament of funds durirvJ the quarter is also submitted.
The Trust makes electronlc payments and orty pays by ctheque in 8x￿p110naTr ¢ircumstanL*S. The Trusys
Bookkeeper sets up payments as required u3ing the Bank's ordlrn payment system but is not able to authorl8e
extern81 paymonts. Such authofisalion is prowd&J by of the three Trusl OffiuaL8 permitted to 8Uthorise
8uch tran88Ction$, the Honorary Tr•a#urér. Clèrk, and on8 other Court membw. In 9xcept￿nal
clrcumstaneas. the Bookkeeper preparts a elw which requirgs tho $ign8turè of any of tho Trust Officials
alx>vo forthose up to the value of £500, and tha slgnatwes ofany Iwo ofthe abov• for 8mcwnts 0￿rthat Sum.
Thè Tru8V8 quoted invoslm•nls and lempNary cxsh balafi￿ forming part of th8 invastrn8nt portfolio 8re
manoged by a reputable firm apwnted by the TNsteo. Th• fimi is FCA-8Lrthoriged and subj8Ct to FCA rules
on the treatment ofclient assets and cash. The Trust 15 suL4ect to independent examination and makes regular
retums to the Chartty C(NnmisshJi.
REFERENCE AND ADMINISTRATIVE DEfAIL8
R•glstered Charlty numb8r
1044726
Principal address
19 Queen Streèt
Kings Lan9￿Y
Hertfordshire
D4 9BT
Trust09
Tho Worshipful Company of Farriers

THE WORSHIPFUL COMPANY OF FARRIERS.
CHARrrABLE TrUST 1994
Report of the Trustee
for tho Y￿r End•d 30th June 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Indap•ndent Examinor
Knox Croprer Chartered Accwntants LLP
65 Leadenhall Street
London
EC3A 2AD
B•nk•rn
Uoyds Bank PIC
39 Threadn8adle Stro81
London EC2R 8AU
Invoglm•nl Advls•vs
Ralhbone Brothers Pk
8 Fin8bury Circus
London EC2M 7hZ
Approved by ordw oflh8 Trusleg on 21¥ Septwnber 2022 ar¥J 8h3n8d on its b8haW by..
LtColMH
Master of The Wornhipful Company of Fath8rn
Py4

Indapendont Examlnerfs Report to the Tn￿te8 of
The Worshlpful Company of Farrier5'
Chafitabl8 Trust 1994
Independent examlnefs rewl to tho trusta• of Tho Worshipful Company of Farriers. Charitsbl8 TTUSt
I report to tho charity trustee on my examinath)n of the accounts of The Worshipful Crxnpany of Farriers.
Charilabte Trust 1934 (the Trusi) for the year eThJed 30th June 2022.
Thts r8KMNt is mad& sdety to tho Trusteo. as a in ￿￿danc6 the tomis of w￿agaM8nl Our
work ha8 ￿en undertaken so that we rrdghl cary out an Indep8ndent Examination of the finanoial stst?ments
in a(Woar￿ the General DIrectW￿5 given by the Charity commiss￿nerS and for no other purpose. To
Ihe fullest extent permitted by law, we do not 8￿p1 or 8&sume responsiblty lo anyone olher than the Trust
and Trust's Trustee. as a our work. for thls repor( orfor the cylnlons we have fomied.
Rgsponslbllltlos and basls of rgport
lh& charity trustees of Ihe Trusl you are resp￿tsible the preparali)n of tho ac(x)unts in ￿)￿lan1% wilh
the requirements of Ihe Charilias Act 2011 fthe ACVI.
I report in respect of my 6x8minalion of Tn*fs out under sectw 145 of the Act and in
¢orrylng out my examlnatlon I have folh)wed all applScable Dlrecflons given by the Chartty Commb8lon undèr
8oction 145{SMb) of the Act.
Ind•p•nd•nt •xamlnaf8 itat•m•nt
I have cornpleted my examination. l eonffirn) thal rK> matwial matters have oyn8 to my atterlion in connectlon
with the examination g￿ng me cause to belb8vo that in any malertal re¥•cL
8ecounting rec￿d8 were not kept in Tegpect of Trust 88 wuwed by 8ectKJn 130 of the Ad; or
the accounts do not accord with th¢)89 rgcords: or
the accounts do not comply with the awlicable wuirem8nts conc8ming the fom aThJ ￿nIent of
acxounts 8et out in the Charities (Accounts and Rewt8} Regulat￿n$ 2008 other than any wuirgm8nt
that the 8ccounl$ 9￿8 8 In￿ and lak vlew whlch 18 ncA a matter o)n8ldwed 88 Part of an Indgpendont
examination.
I hav6 no ¢oncwn$ end hev• come 8L¥Ots no other matters in Conredi￿ with the ex8mkn8tion to which
attenlton Should be drawn in I￿ r¢F*)rt in onl8r to onable a proper understanding of 8¢¢ounts lo be
re8th9d.
Greg Stevènson FCA
Knox Croppgr Chartered Accountants LLP
65 Leadenhall Street
London
EC3A 2AD
Pag8 S

THE WORSHIPFUL COMPANY OF FARRIERS.
CHARrrABLE TRUST 1994
Statsment of Flnanclal Actlvities
for the Year Endèd 30th Juno 2022
2022
Total
funds
2021
U￿￿trIcted R8Slrict￿I
funds
INCOME FROM
Donations and legacies
Notes
funds
218
220
7,796
Investment income
52,948
Total
n.041
9.313
81.354
60,744
EXPENDrruRE ON
RaFsln9 funds
Inve5trnent management costs
10.972
10,640
8.126
10.972
10.640
Charitabl8 athities
Equine Vel Studtes Award
Grant tnaking
5.413
150
5.413
95,944
95.794
3.218
27.055
Total
103.920
8.409
112.329
40,913
Net (k)ssesy gains on in￿tments
58,379
149.045
249 398
NEf (EXPENDITUREII INCOME ANO NEr
MOVEMENT IN FUNDS
{122Y51
(57A75) (180.020)
269,229
RECONCILIATION OF FUNDS
Totsl fvnds brought forward
1.711.345
431.543
2.142.888
1.873.659
TOTAL FUNDS CARRIEO FORWARD
1962.868
2.142 888
The noks form part of these fina￿al statements
Page 6

THE WORSHIPFUL COMPANY OF FARRIER
CHARITABLE TRUST 1994
Balance SI￿•t
30th June 2022
2022
2021
FIXED ASSErs
Inveslments
10
1,929,104
2.088,748
CURRENT ASSETS
Debtors
Cash at bank
11
S49
39,798
551
60,690
40.347
61.241
CREDITORS
Amounts falling due wlthln one year
12
(6.5831
17,101)
NET CURRENT ASSETS
TOTAL A&8ETS LESS GURRENT
LIA81LITIES
1.962.868
2.142.888
NET ASSET3
2 142 888
FUNDS
Unrestd¢led fund$
Restricted funds
14
1,588,800
1.711.345
TOTAL FUNDS
2 142 888
Thè ffftancial $tatomonts worg apyoved by Truslee aTrJ authcffised for issue on 2111 Seplgmbgr 2022 and
war8 signad on its b8haW by:
Ll Col M Houg
Master of The Worshipful Crywy of Farr
MrPRWatts
Honorary Treasurer
Page 7

THE WORSHIPFiIL COMPANY OF FARRIER
CHARITABLE TrUST 1994
Notes to the Financial Statements
for the Yèar Ended 30th June 2022
ACCOUNTING POLIGIES
Basls of pr•paring financlal ¥lat••nents
The lIna￿al ststements of the Gharity. is a pulAic b8n8fi1 entity under FRS 102, have been
preparod in accordance with the Chart1￿ SORP IFRS 1021 'ActsJunling ar￿ Reportlng by Charities".
Statement ol Recommended Practice applutde to charrties preparing thoir acC￿nIS in accordonce
wlth th8 Financial Reporting Siafmlard appltcablg in thg UK 8fKI Republic of Ireland {FRS 102) (effective
1 January 20191.. Financial Rep￿Ing Stsndard 102 Tr Flnano81 Re￿￿ng Stsndatd appllcable In
the UK and Republtc of Ir81and' and the CharFtias Aci 2011. Th8 finanoal slatements have be8n
prepared under the hislortsl cost convention. with the excaplirm of investments wh￿h are included at
market value, as modtfigd by the revaluation of certain assets.
The ac(￿nts (financial stst6mgnts) haw been wepar8d toglve a lrne and falrf vlew and have departed
from the Chafitses {AccoJnts and Reports) Regulations 2￿8 only io th8 extent requlred lo provide
'Iru8 and falr ¥￿. This departure has involved folknying Accounts'ng and ROpc￿lng by Charitia$
preparing thelr accounls In 8￿r￿ar￿a wth the Finan¢UIl Rèporting St8ndard appllcable In th? UK and
Republic of Ireland IFRS 102) K%sued in Otxober 2019 rathar than the Ac¢ountin9 and Reportlng by
Chartties.. Stalernent of R8commend8d Pra¢tke effectN& from 1 April 2005 which ha6 Sin￿ been
Golng conc•rn
The TNsle8 considers that there are Th) material uncertainligs the Chartlys ability lo continue as
a going concem. The mst $igniftsnl areas of uncertainty Ihal affect ￿ carrylng value of assets held
by the Charity are th81ovel of investment r8lum the performance of investmgnt markets (see the
Tru8ts0'5 rgport for mor• Infmi*Jn).
InGome
All Income18 recognisod in Ihg Statomenl of Flnancial Activiti08 once the charfty has entillemenl to the
funds, It18 probable that the wlll be recefved, aThJ the amount can be m88sured reliably.
EXpondI￿r?
Llabilities are recognised as exp8ndiiurg as soon as1￿ is a legal orconJtrLKtive obllgatlon commlttlng
thè charity to Ihat axp8ndiluro. it 18 probabl• that a trO￿ler of ￿rK)rnIc bgnefits will be required in
sedement and the amount of the oblMJath)n can be moasurgd reliabty. EKpendtture is ac￿nIed for on
an 8ccnJals basis and has been dgssrfied under headlngs thal aggregate al cost related tr) the categw.
Whefe ￿sts cannot be directy attdbuled lo partI￿1#f headings. they have boen all(Kated to activities
on a basis ￿nsIstenI whh the use of re8Our￿$.
Grants offer¢d 8ubj.ecl lo condibons whith rvJt baen nw at the yparryend date are r￿ted as a
commitm•nt but not a¢(¥wl as exwndliwè.
Taxatlon
The charty is exempt fr￿• tax on Its th8ril8b￿ •thlt*s.
Fund acGounllng
Unrestricled lunds can be used ￿ a(tsrdancè wfth thg charl￿bkI Obj￿￿¥0& at tho diacrotK)n of ¢hE
trustees.
Restricted furKls can onty be used for par￿&r r88tricted wrrKsse$ within tha objects of th& charlty.
Further explanatth of the na￿re aThJ purtKw ol each is indudad in thè not98 to the finan¢tal
5tstements.
Page 8
continued...

THE WORSHIPFUL COMPANY OF FARRIERS.
CHARITABLE TRUST 1994
Not0• to thg Flnandal Stal•ments. con¢inued
for the Y•ar Ended 30th June 2022
ACCOUNTING POLICIES - ¢ontinued
Invgstment8
Investments are a frym of b881c Ilnan(aal Ir￿￿78￿ arKI ￿ initlalty rocwtsed at their transact4on
vatug and subsequen￿Y measured at fair value as at th6 balance sheet dale using the closlng quoled
market price. The statement of fina￿la1 a¢ts¥itses Inch￿ th& n8t gains and losses 8ri8ing on
rev81uatiorts and disposals thro￿hOUl tho yaar.
R88lised gains and k>8ses on investments are catculated as the difference between 58les proceeds and
thelr opening canyiro value or their purchase value rf acquired 8ft8r the first day of the finanaal yèar.
UnrealL%￿l gains 8ThJ10sses 8re cA￿lated as the differe￿ bgiween thè fatr value at the year er￿ and
th8ir carrying value.
DONATIONS AND LEGACIES
2022
2021
Anvil CoKKtk)ns
Oonations
Legacies
Glft aid
4163
6.980
10,000
6,265
22,877
7,796
INVESTMENT INCOlJlE
2022
2021
DlvkJend$ 8fKI fixed Intwo8t
INVESTMENT MANAGEMENT COSTS
2022
2021
Portfolio management
10.640
HARrrABLE ACTivmES COSTS
Grant
funding of
athrtsas
{3ee note
Support
Costs (see
ncrte 7}
Direct
61
Totals
Equine Vel st￿11•$ Award
Granl rnakiThJ
5A13
150
5A13
11.328
101.357
Page 9
continued...

THE WORSHIPFUL COMPANY OF FARRIERS.
CHAR￿ABLE TRusf 1994
Notes to the Financial Stalemonts- contlnu¢d
for the Year Ended 3¢Jth Jun8 2022
GRANTS PAYABLE
2022
2021
Grant making
84.466
18.230
Donationg w•r8 to the Ickn￿.ng:
2022
2021
FaIr￿ry Examinatktn3 Ltd
Farriery Craft & Education Ltd
UkrBine Appeal
St Martln In the Flelds S(*ool Glrls
Flrsl Nursirtg Yeomanry (PRVCI
Drapers. Company- LNery Krtchen Initiabve
Othèr institutk)ns l< £1.000)
60.000
10.000
2.000
1,500
300
8.100
1.300
1,000
4.930
Paym8nl8 to needy f8rriars
Donatlons to ind￿Ndual8
79.180
4,466
15,330
500
400
£16 230
SUPPORT C08TS
Gov8manco
Grarf making
Support CO8t8, inr1￿ In the atove. ag fdlNs:
2021
Total
aclNiti08
Grant makirwJ
Clerk's salary
Bank charges
T￿￿tee Iralnlng
Insurance
Accountancy and legal I￿#
Indo￿nd￿t Examlnation
Q512
140
110
576
1,800
6.399
11x1
566
1.750
11.328
Page 10
continued...

THE WORSHIPFUL COMPANY OF FARRIERS.
CHARITABLE TRUST 1994
Notes to the Financial Slat•ments- continu•d
for the Year Endgd 30th Jun• 2022
TRUSTEE'S REMUNERATION AND BENEFITS
The TnJste&, The Worshiplul Coryany of Fanlers. was reimim￿￿j fw Ihe seThKes of ts Clert(
amounting to £6,512 (2021.. £6.399}.
Tru8ts•'8 •xp•nu•
There were no tru31ees' expenses pald fDr the year eThJed 3Llh June 2022 nor for th8 year ended
30th June 2021.
COMPARATIVES FOR ThE STATEMEPIT OF FINANCIAL ACTivmES- 2021
Unrestrkted ReSti￿*d
funds
fijnds
funds
INCOklE FROM
Donatbns and1898clos
7.796
InveJlmenl inGcffie
44,721
8.227
52.948
Total
52.517
8,227
60.744
EXPENDITURE ON
Ral8lng funds
Invostmenl managemert costs
7.786
10.640
C￿rItabl0 a¢llvllS
Equln8 Vet Studies Award
Granl maklng
3.218
400
3.218
27,055
26,655
Total
34.441
6.472
40.913
N¢1 98Sn¥lllos#es> on Inv•strnMts
NET INCOMEIIEXPENDITUREI
194.743
74,486
269.229
RECONCILIATION OF FUNDS
Tot•1 funds IKought forward
1.516.802
357.057
1.873,659
TOTAL FUNDS CARRIED FORWARD
431,543
2,142,888
Page 11
conlinued...

THE WORSHIPFUL COMPANY OF FARRIERS.
CHARITABLE TRUST 1994
Notes to the Financial Statements- ￿ntInUed
for th• Y*ar Ende(130th June 2022
10. FIXED ASSET INVESTMENTS
Listed
invè&tmènts
MARK￿ VALUE
At 1st July 2021
Additions
tmsposals
Revaluatictrns
Movemant ￿ Cash
2.088,748
36.316
rii.143)
1149.045)
At 30th June 2022
1929 104
NEf BOOK VALUE
At 301h Junfr 2022
1929 104
AI 30th June 2021
2 088,748
There wer8 no inv8slmenl assèts outs¥Jg th• UK. IncaKlod kn thg Net B￿k Valuè 1$ eash held pandlng
inv68lmonl of É90.366 {2021: £68.138).
11. DE8TOR8: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2022
2021
Worshlpful Company of Farrf•r8
Gift aid 8TrJ tax recoverable
100
449
551
549
S51
12. CREDrroR3: AMOUNT8 FALUNG DUE iyrrHIN ONE YEAR
2022
2021
Olher creditors
11 ANALYSIS OF NET ASSETS BEfwEEN FUNDS
2022
Total
funds
2021
Total
funds
fvTrJs
funds
Investments
Curr&nt assets
Current liabilibes
1,611.941
117.214)
317,163
57,$61
1.929,104
40,347
2,088,748
61,241
068 1962 868
2 142 888
Page 12
conllnu8d...

THE WORSHIPFUL COIIJPANY OF FARRIERS.
CHARITABLE TRUST 1994
N¢>t•8 to tho Finan¢lal Statgm•nts - ¢ontlnuod
for th• Y•ar Ended 30th Jun¢ 2022
14. MOVEMEKf IN FUNDS
N8t
movement
in funds
At 1.7.21
30.6.22
Unrestrlct•d fund•
General ftjnd
Anvll Fund
1.711.345
(122,545)
1.588.800
1,711.345
(122,5451 1.588.8(M)
Rostrfctod funds
Oliv•r Award Fund
Desort Orchid General Fund
De88rt Orchbd Apprenticeship FuThJ
D898rt Orehid Intomotional In8tltut8 of
Farriary
13.977
175,401
160.620
193
{21,946
125,2711
14,170
153,455
135,349
431 543 374 ¢)68
57
75
TOTAL FUNDS
180,020
1962 808
Nel movement In lunds, knclud&J In the above are as folowa..
Incomlng R68trJr￿ Gokns ard Movemènt
10s•98
In fvrKI¥
Unr•strlct•d funds
General fvnd
AJ)vil Fund
72,041
(103,920}
190,8661
1122,545)
72.041
1103.920)
(90.6861
(122,545>
R•$trlGt•d fund•
Oliver Award Fund
D8sert Orchid General Fund
Desert Orchid ApprentThship Fund
Desert Or¢hKI Intwnaknal lrntitul• of
F8fftery
552
(1501
(1.195}
16,495)
{209)
124A31)
{22.105
193
(21.9461
(25.271)
TOTAL FUNDS
149
81354 ￿180020)
Page 13
continued...

THE WORSHIPFUL COMPANY OF FARRIERS.
CHARITABLE TRUST 1994
Notes to the Financial Statements - ￿rtInUed
for the Year Ended 30th June 2022
1& MOVEMENT IN FUNDS- continu•d
Comparativ•s for mov•m•nt In fund•
Net
At
30.6.21
At 1.7.20
in lund8
Unrostrlct•d funds
General fund
Anvll Fund
1,S16.602
1¥743
1,711,348
R••trlct•d fund•
Olfver Award Fund
Desert Orchkl General Fund
Desert OrchKI ApprentiC8ship Fund
Oesert OrthKI Intematk%BI Institute of
Farriery
1,516,602
194,743
1,711.345
11.119
143.966
134.648
2.858
31.435
25.972
13.977
175.401
180.620
14.221
74.486
TOTAL FU140S
1873 659
2 142 888
Net movement tti furxl8, irKludod in the above we as
Incoming Resources
Gains and Movemènl
In funds
UnMtrlct•d funds
General fvnd
Anvll FurKI
51.511
(33.4351
176.667
194,743
SI517
Restrlcted funds
Ollver Award Fund
Desert Orchid General Fund
Desert Orchid ApprenlKeshlp Fund
Desert Orthld Intemational Insti￿te of
Farrlery
(34841)
1N607
194,743
1400)
11,199)
14,3311
1736
29,398
27,298
2,858
31,435
25,972
3,236
3,1)OS
13
74.488
TOTAL FUNDS
Page 14
continued...

THE WORSHIPFUL COMPANY OF FARRIERS.
CHARITABLE TRUST 1994
Notos lo tho Flnancial Slatem¢nis- Gontinued
for the Y8ar Ended 30th June 2022
14. MOVEMENT IN FUNDS - contlnued
The Anvil Fund Is a deslgnated furHI us&Jto receive collecuongfrom LNoT￿￿en through"The Charitablo
Anvil" and other mIn0rd￿atiOnS to t* used for general chariiable purFK)ses Permitted by the lrnst dfjed.
Th6 Oliv•r Award was 06tablIst￿d to wovlde sifver medak to farylers vtho aL*le￿ the ha80date8hip
award with hertK￿r5.
The Desert Orchld Fur#Js were establtshed to promde luThJs for craft. training. hw3her educatM)n, and
the Inlematlonal Institute of Faryiery.
15. RELATED PARTh DISCL03URE8
The charrty donated £60.(￿ {2021'. £nil) to Farrty Examlnauons Lhntted and £10.00012021'. £nill to
Farriery Craft & Education Ltd. both cwpanw limited by guarantee of whtch the Truste8 Is the sole
guaTanlor.
In addltion to the tranS￿IlDn5 noted in Note 8, the ¢harity was rerknrged £576 12021.. £566) by The
Worshipful Company of Far1￿5 for tts share of the Insurance tThnlum. At the Year￿nd £11)) was duo
from the Trustse from the Charity12021.. £566 due lo the Trustee).
18. COMPARATWE ANALYSIS OF NEf ASSETS BEfwEEN FUNDS
2021
Tot
ffijnds
Unrestrlcted Restrfcted
fuThls
funds
Inveslments
Cuffenl assets
Currnnt Ikblltdes
1.710,26B
7N30
378,480
53.811
2.088.748
61.241
1711345
2 142 888
Page 15
continued...