THE TRUSTEES OF THE UNITED GUILDS SERVICE
REGISTERED CHARITY NO. 1060419
DRAFT FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024

TRUSTEES OF THE UNITED GUILDS SERVICE
FINANCIAL STATEMENTS-YEAR ENDED 30 JUNE 2024
CONTENTS
Page
Trustees
Reference and admlnlstratlve details
Trustees, Report
Independent Examlnerfs report to the Trustees
Statement of Flnancial Actlvitles for the year ended 30 June 2024
Balance Sheet as at 30 June 2024
statement of Cash Flows for the Year ended 30 June 2024
Notes to the Flnanclal Statements
10-12

TRUSTEES OF THE UNITED GUILDS SERVICE
TRUSTEES
The Trustees who served durlng the year and until the date of this report were:
Mr Andrew Henry Scott DL (Honorary Chairman)
Mr Andrew John Glllett (Co-opted Trustee)
Mr David Scott Ico-opted Trustee)
Brlgadier Davld Homer MBE IResl8ned 26 November 2024)
Mrs Honor Jane Page
Brlgadier Jonathan Bourne-may
Brigadier Philllp Napier {Appointed 26 November 2024)
Mr Stephen Malle (Co-opted Trustee) {Appolnted 26 November 2024)
The Trust Deed provldes that the body of Trustees shall conslst of up to 8 persons, belng 5 Co-opted Trustees and 3
Nomlnated Trustees. The Assoclation of Clerks of The Great 12 Companies, The Clerks Assoclatlon, and The
Fellowshlp of Clerks shall each appoint a Nomlnated Trustee. The Trustees have the power to appolnt Co-opted
Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
ADDRESS FOR ENQUIRIES
Toby Wllllamson MVO
The Honorary Secretary-Trustees of the Unlted Gullds Servlce
Flshmongers, Hall
London Brldge
London
EC4R 9EL
INDEPENDENT EXAMINER
John K Cardnell BSC FCA
Berrlngers LLP
Lygon House, 50 London Road, Bromley, BRI 2RA
PRINCIPAL BANKERS
HSBC Bank plc
l Bishopsgate Street
London
EC2N 3AQ

TRUSTEES OF THE UNITED GUILDS SERVICE
TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees are responslble for preparlng the Trustees. Report and the financial statements in accordance with
applicable law and United Kingdom Accountlng Standards (the United Kingdom Generally Accepted Accountlng
Practice).
The law applicable to charitles In England and Wales requires the Trustees to prepare flnanclal statements for each
flnanclal year whlch give a true and falrvlew of the state of affairs of the charlty and of the Incomlng resources and
application of resources of the charlty for that period. In preparlng these flnanclal statements, the Trustees are
requlred to:
• select sultable accountlng pollcles and then apply them conslstently,
observe the methods and prlnciples In the Charltles SORP;
• make Judgements and estlmates that are reasonable and prudent.
• state whether appllcable accountlng Standards have been followed, subject to any materlal departures
dlsclosed and explalned In the flnancial statements.
prepare the flnanclal statements on the goln8 concern basls unless It Is Inapproprlate to presume that the
charlty will contlnue In buslness.
The Trustees are responslble for keeplng proper accounting records that dlsclose wlth reasonable accuracy at any
tlme the flnanclal posltlon of the charity and enable them to ensure that the flnanclal statements comply wlth the
Charltles Act 2011 and the provlsions of the trust deed. They are also responslble for safeguarding the assets of the
charity and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other irregularlties.
OBJECTIVES AND ACTIVITIES
The objects of the Trust as set out In Its Trust Deed are:
The advancement of rellglon as practiced and observed by the City Churches wlthln the Clty of London ond wlthln the
Dlocese of the Blshop of London.
The Trust fulflls thls objectlve for the publlc beneflt by means of the provlslon of an annual servlce of worshlp held at
St Paul's Cathedral, supported by donatlons from Llvery CompanSes and by the donatlon of surplus Income to the St
Paul's Chorlster Trust.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trustees of the Unlted Gullds Servlce15 an unlncorporated trust, governed by a trust deed dated 12 June 1996,
as amended on 6 November 2014. It is re8lstered with the Charity Commission, Registration Number 1060419. The
Trustees at the date of thls report are1Ssted on page 3 of thls report. The Trustees meet at least twice a year to
conslder arrangements for the admlnlstratlon of the annual service.
Day to day management and administration of the Trust Is delegated to the Flshmongers, Company, whlch charges a
fee to the Trust for its services. No Trustees recelve any remuneratlon In respect of thelr servlces.
GRANT-MAKING POLICY
The Trust does not actlvely solicit applicatlons for grant-funding but has chosen to dlrect surplus funds in support of
a chorister via the St Paul's Chorister Trust.

TRUSTEES OF THE UNITED GUILDS SERVICE
TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 (Contlnued)
PUBLIC BENEFIT
The Trustees continue to have regard to the Charity Commission's guidance on public benefit In setting planning
their activities and are satlsfied that the annual servlce and grants that have been made provlde public benefit to the
communlty.
REVIEW OF THE YEAR
The Trust received donatlons of £26,475 (2023: £29,775). The Trust expended £15,505 {2023-£14,555> on the annual
servlce at St Paul's on 15 March 2024 at whlch the Preacher was The Very Reverend Andrew Tremiett. The Trust
contlnued Its annual charltable grant of £10,000 to the St Pual's Chorlster Trust (2023: £10,000>.
The Trustees wlsh to thank all Livery Companles for their generous donatlons and partlcularly those Llvery
Companles and The Corporatlon of London whlch have made donatlons In excess of the suggested mlnlmum of
£200.
RESERVES POLICY
The Trustees, pollcy Is to malntaln sufflclent funds to cover future expendlture, In order to be able to contlnue wlth a
planned arrangement In the event of withdrawal of support by partlcipatlng bodles.
At the end of the perlod, the Trust held total funds of £34,431 (2023: £38,010). Thls represents about 2 years,
expendlture. The Trustees conslder this approprlate conslderln8 thelr deslre to support a Chorister through the
entlrety of thelr educatlon at St Paul's by means of annual donatlons to The St Paul's Chorlster Trust.
RISK MANAGEMENT
The Trustees have assessed the major rlsks to whlch the Trustls exposed to and agreed In May 2022 the creatlon of
a rlsk reglster whlch Is now a standard agenda Item.
The major flnanclal rlsk derives from the dependence of the Trust upon donatlons from Llvery Companles. The
Trustees have mltigated thls rlsk by means of the Trust's Resenfes Policy. The major operatlonal rlsk derlves from
natlonal restrictions on travel and gatherlng on account of transportatlon strlkes and the pandemlc. The Trustees
have mltSgated thls by use of robust declslon-maklng processes regardlng declslons on whether to proceed, defer or
cancel a Servlce. The Trustees believe that procedures are in place to Identify materlal rlsks.
PLANS FOR THE FUTURE
The Trustees plan to hold a servlce on Frlday 28 March 2025. The long-term plan Is to contlnue wlth the provlslon of
an annual servlce of Worshlp at St Paul's Cathedral.
On behalf of the Trustees
Date

TRUSTEES OF THE UNITED GUILDS SERVICE
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE UNITED GUILDS SERVICE
Report to the Trustees of the United Guilds SeNice Trust on the accounts for the year endlng 30June 2024 set out on
pages 7 to 12.
Respectlve responslbllltles of Trustees and Exarnlner
The Trustees are responsible for the preparatlon of the accounts. The Trustees consSder that an audlt Is not requlred
for thls year under section 14412) of the Charltles Act 2011 (the Act) and that an independent examination is needed.
It is my responsibillty to:
examlne the accounts under sectlon 145 of the Act,
follow the procedure5 lald down in the General Dlrectlons glven by the Charlty Commlssloners under
sectlon 145(5)(bl of the Act and
to state whether partlcular matters have come to my attentlon.
8asls of Independent Examlner's Statement
My examlnatlon was carrled out In accordance wlth General Directions given by the Charlty Commlsslon. An
examlnatlon Includes a revlew of the accountln8 records kept by the Trust and a comparlson of the accounts wlth
those records. It also Includes conslderatlon of any unusual Items or dlsclosures In the accounts and seeking
explanatlons from the Trustees concernlng such matters. The procedures undertaken do not provlde all the evidence
that would be requlred In an audit and consequently, no oplnion is given as to whether the accounts present a 'true
and falr vlew" and the report Is Ilmited to those matters set out Sn the statement below.
Independent Examlner's Statement
In connectlon with my examlnatlon, no matter has come to my attentlon.
111
whlch glves me reasonable cause to belleve that in any materSal respect the requlrements;
to keep accountln8 records In accordance wlth sectlon 130 of the Act and
to prepare accounts whlch accord wlth the accountlng records and comply wlth the accounting requirements
of the Act
have not been met or
(2>
to whlch In my oplnlon, attentlon should be drawn In order to enable a proper understanding of the account5
to be reached.
Slgned
hn K Cardnell Bsc FCA
Berrlngers LLP, 50 London Road, Bromleyi BRI 3RA
Date:

TRUSTEES OF THE UNITED GUILDS SERVICE
STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 30 JUNE 2024
Total
Funds
2024
Total
Funds
2023
Note
Income from:
Investments..
Interest recelvable
416
151
Donatlons
26,475
29,775
Total
26,891
29,926
Expendlture on;
Charltoble octlvltles,.
Anntjal Servlce
Other grants
Support Costs
Bank Charges
Total
15,505
10,000
4,900
65
30,470
14,555
10,000
4,800
66
29,421
Net (Expendlture)/lncome
(3,579)
505
Net movement In funds
(3,579)
505
Reconclllatlon of Funds:
Total Funds brought forward
Total Funds carrled forward
38,010
34,431
37,505
38,010

TRUSTEES OF THE UNITED GUILDS SERVICE
BALANCE SHEET AT 30 JUNE 2024
Total
Funds
2024
Total
Funds
2023
Note
Current assets:
Short term deposit accounts
Cash at the bank and In hand
22,181
12,250
21,765
16,245
Total current assets
34,431
38,010
Net current assets
34,431
38,010
Net assets
34,431
38,010
The funds of the charlty:
Unrestrlcted funds
Total eharlty funds
34,431
34,431
38,010
38,010
The flnancial statements were approved by the Trustees on 5 March 2025 and slgned on thelr behalf.
On behalf of the Trustees
Date:
The notes on page5 10 to 12 form part of these flnanclal statements.

TRUSTEES OF THE UNITED GUILI)S SERVICE
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2024
Total
Funds
2024
Total
Funds
2023
Cash flows from operatlng actlvltles:
Net cash provlded by operatlng actlvltles
(3,579>
505
Change In cash and cash equlvalents In the reportlng perlod
Cash and cash equlvalents at l July 2023
Cash and cash equlvalents at 30 June 2024
(3,579)
38,010
34.431
505
37,505
38,010
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
Net Incomel(expendlture) for the reportlng perlod (as per the SOFA)
Increase/lDecrease) In credltors
Net cash used In operatlng actlvltles
(3,579)
505
13,579)
505
ANALYSIS OF CASH AND CASH EQUIVALENTS
Short term deposlts
Cash at the bank and In hand
Total cash and cash equlvalents
22,181
12,250
34,431
21,765
16,245
38,010

TRUSTEES OF THE UNITED GUILDS SERVICE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
I. ACCOUNTING POLICIES
The prlnclpal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation
of the financial statements are as follows:
a) Basls of Preparatlon
The financial statements have been prepared in accordance wlth 'Accountlng and Reportlng by Charltles,. Statement
of Recommended Practlce applicable to charltles preparSng their accounts in accordance with the Financlal Reportlng
Standard applicable In the UK and Republlc of Ireland (FRS 1021 (effectlve l January 2015)'_ (Charltles SORP (FRS
10211 and the Financlal Standard appllcable in the UK and Republlc of Ireland {FRS 1021. The Charlty constltutes a
Publlc Beneflt Entlty as defined by FRS 102.
The flnancial statements have been prepared to glve a 'true and falr, vlew and have departed from the Charltles
(Accounts and Reports) Regulations 2008 only to the extent required to provlde a 'true and falr vlew,. Thls departure
has Involved followlng Accountlng and Repoitlng by Charltles preparlng thelr accounts in accordance wlth the
Financlal Reportln8 Standard appllcable In the UK and Republlc of Ireland (FRS 102) issued on 16 July 2014 and
amended In February 2016 rather than the Accountlng and Reportlng by Charltles; Statement of Recommended
Practlce effectlve from l Aprll 2005 whlch has slnce been wlthdrawn.
b) Reconclllatlon wlth prevlous Generally Accepted Accountlng Practlce
No restatements of comparative Items have been required as a result of applylng the pollcle5 requlred by FRS 102
and the Charltles SORP FRS 102.
c) Preparatlon of the accounts on a goln8 concern basls
The Trustees are satlsfled that the Trust Is a golng concern and have prepared these flnanclal statements on that
basls,
d) Income
Donatlon Income Is recognlsed when the Trust has the entltlement to the funds, It Is probable that the Income wlll
be recelved, and the amount can be measured rellably and Is not deferred. Consequently, donatlons are recognlsed
in the year In whlch they are received as the Trust has no entitlement to donatlons.
e) Fund Accountlng
All of the funds of the Trust are unrestricted funds avallable to spend on act7vltles that further any of the purposes of
the charlty,
f) Expendlture and Irrecoverable VAT
Expendlture Is recognised once there is a legal or constructive obllgatlon to make a payment to a thlrd party, it Is
probable that settlement will be required, and the amount of the obligatlon can be measured rellably. Expendlture
on Charitable Activitles Includes both associated support costs.
Irrecoverable VAT is charged as a cost against the activity for whlch expendlture was Incurred.
g) Allocatlon of support costs
Support costs are those functlons that asslst the work of the Trust but do not directly undertake charitable activities.
Support costs include the fee charged to the Trust for management and administration.
io

TRUSTEES OF THE UNITED GUILDS SERVICE
NOTES TO THE FINANCIAL STATEMENTS Icontlnued)
h) Creditors and provlslons
Creditors and provlslons are recognlsed where the charlty has a present obligation resulting from a past event that
wlll probably result in the transfer of funds to a third party and the amount due to settle the obligatlon can be
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount due.
l) Flnanclal Instruments
The Trust has only financial assets and financlal IlabS1ities of a klnd that quallfy as baslc flnanclal instruments. Baslc
financial 5nstruments are Inltlally recognlsed at transactlon value and subsequently measured at thelr settlement
value.
2. INTEREST INCOME
2024
2023
416
151
Total Interest Income
416
151
3. DONATIONS
2024
2023
Donatlons
26,475
29,775
Total Donatlons
26,475
29,775
4. GRANTS
2024
2023
Grants to organlsatlons:
The St Paul's Chorlster Trust- Hardshlp bursarles
10,000
10,000
Total Grants to organlzatlons
10,000
10,000
li

TRUSTEES OFTHE UNITED GUILDS SERVICE
NOTES TO THE FINANCIAL STATEMENTS (Contlnued)
5. BANK CHARGES
2024
2023
65
66
Total Bank Charges
65
66
6. RELATED PARTIES
The Honorary Chalrman of the Trust Is a Member of the Court of the Flshmon8ers' Companyi whlch provides
Management and Admlnlstratlon SeNSces to the Trust. Co-opted Trustee Stephen Maile Is Finance Dlrector of the
Flshmongers, Companv,
Members of Court receive no remuneration In respect of thelr service. The Finance Dlrector Is a pald employee of
the Flshmongers, Company. The Management and Admlnlstratlon charge levied by the FSshmongers' Company in
respect of Its servlces Is set Independently by the execut5ve staff of the Company, excludlng the Flnance Dlrector.
7. TRUSTEES, INTERESTS
The Trustees had no flnanclal Interest In the assets or activlties of the Trust and recelved no remuneratlon or
expenses from the Trust during the year.
8, RECONCILIATION OF MOVEMENT IN RESERVES
Balance
l Julv
2023
Balance
30June
2024
Income/
Galns Expendlture
Unrestrlcted Funds
38,010
26,891
130,470)
34,431
12