Ch*rlty rnRisty•bom 1102885 The Paviors, Charity A11 R4bDrt For the Yew End¢d 31 Deeemb¢r 2•23 35 Pixkn L4ne Dorki08 RH4 IPL
The Pvlor4' Charity Contents istrative 2th4 Stat¢m¢nt of Truste lili¢8 Statement of Ftmn Aclivilies Balonee Sh¢¢ Noie8 10 th¢ FiJJ*nc 9t013
The Pavlor¥' Charity ference Ind Administrative Detalls 3rJn2) SirADdrew William m¢A]p1 {app)itytcd on W231 Robert Alfred Krwi¥-{apN)inted Iiir23- 8rJA3 ¢x officio wJr23- 31112r23) ohn Willian) May. ¢x offi¢AO Ill y¢tr Williwn David L- tx offlcio from 813nJ Prlmelpal Offl¢e vior8' H(¥J ethou CIM6AN Cknrity R¢8htr•tlo 102885 lllvtttment *dwl ¢hbo•¢ InvethKTrt MaLW8thMi Limited Fiosbury Circus C2M 7AZ BAnkery loys Bank Pl¢ ¢tro Bank Pl¢ Indeptnden¢ EXAM ¢r 5 Ilxharn L4n¢ 41PL
The P¥Aviof8' CharRty Trllstees. Report The Trustees 31 Decemb¢r2023. the ann ObJtctfve8 and • ObJ¢ets4ndal The Charity 15 con Iled by i rust for scd its Ind subscquetttly c 'tics fthe Tnrf eKablislLeA utyjer * De4J of ThJ8t dated 8 April 1993 to Th¢ PavioYs' awity on 3 Marth 2022. The objective of th¢ ¢ bfit ofchorit4bl¢ orchan"IBble g¢ner211y. pmanent endowm restricted nd 18 Illte year then the ittco bscribe the ori p¢rxTrns followirtg th¢ r¢cipient 10 En8ineerÉn8. Pmbllcbthe t withith th from th¢ fornr RJI Clath MeTh)Tial AvATd Foundation ts B miin )lJnd of the TrusL The income ari5Lng from thes¢ as8ets 18 treat lied ¢xclusiv¢ly lo th¢ iAtn8 AwariL Should this 4ward not be gr1 in any be reinvested for the b¢thefit of thc Lwng Awud. The UUSlee6 have of those clwitsble fid$ nam¢ly, lo pruvidc for the C4Jul0n attd bcn¢fi¢ of Ilow the profejsion of h1WaY en8itK¢rin8 atwj the award will a85i Unityl Kin8thrn for the ptw of extendins théir knowled of Ctvil grising will n81 inll¢io wishing ¢0 louts Th¢ Trustees h•ve chity$ aim5 and aims and obj¢ctiv¢s with the duty in ChttTity Commiss iderryl the arity commi1 public benefit when rewewin8 tlte in deInl8 Its 8tinl makn't)8 wlicy. The TnLqt¢¢J ¢ort$ider that all of the 8 report are th¢r¢ in ord¢T to benefil the publi¢ ihat they have wnplitsj ChitieJ Act 2011 to h•v¢ due ryard to publi¢ 8pJidance publLShed by eiailed irt on 17of The trSte¢S have d particul4ron te a¢ Th¢ trnsteea do not with fullditt8 to sup ¢ommitm¢nL loped lon veitith¢ iv¢ly Beek 8 thexra¢Liv ndin8 re]8tionJhip8 with wi•Js charitsble in51ituiions focuatTh8 Lti of the cOr10n of the City of L(%L&JD and Ibe eotLStructiott industy. plieotions for1& at)d work iweJ with InsiiNiion8 by providing them A¢hl¢v•ments The prirt¢Épal sou¢ •Cliviti¢s. Thc Tn rforM¢t f incoTn¢ of ertook its he Tn¥t 1$ derived frnn inveBkntnts. donat1 from P4vior8 Ind tlJndr•i8Én8 8ulara¢tivitie8 u Outlin in this rworL FIMnd•l revlew The endowm¢n¢ is th year from members. 5 unrutri¢ied donatLO revi¢wed on att nn ¢h•rity'. ofthee ¢0 The Pavi . 1¢ is the int¢mtM)n of the to disvibu w furth roiJ thrin8 the t fijnd inwrne will be reirbvested itt th¢ reserve Iljnd Any r5. CFJarity will tttvuted ID the reBerv¢ fimd. Thuepoli¢l will be Pa8t 3
The Paviors, Charlty TThstees' Report The policies of the Wor5hipfiLI Com public b¢n¢fii. as fo al The prov harity are d. y of Pavio Sed and su8ge5red to the Tn by th¢ Chity Committee of the In gcn¢ra] ter Tn]4ees favow f¢JJr distinct athd s¢p* area of on of 4>P tie¢ship 4lifICatio atyj thioll in the iTrJusty for young bl The Corpo lion of thc Lord Mayor's AFwL cjwities 51&tell with the City of cl Hi8 Maj aks Roy IW affiliati wilb th¢ 29. Squthn RAF. HMS Ar8yIL 8Dd the dl Any oth¢r PavioT IlIable nthre of illtrnst the m¢4hbern of the Wornhipfijl Company of The Thwee5 h&v¢ a pted An itlves 31Y/o UK equitie& 3 iut¢d Ra Mmendl by theDK wbich is medium risk with i taryet a]kntiou or it1 23Y• rd IDCOME 12% ojtttnQtivcs •nd The TnLSt¢¢s apply di8eretion. tskin8 int GenerAI dorrations onati4)lls accoum th ive4 45 rewur¢M aYaiJAblc to spoMI or as withl to b¢ inv¢sted * their Rtt¢ryts Poli¢y mentiowj th. ¢ followin8 ¢hm'thbJe i)ther oryniAtion8: em&detoi 2023 Constnjelion London Con5 Instiwte of Sma]Ipeiee T th Tnt ti02J Acad hail Award I- Arkwri 22.5 49J24 250 I SthoJ8tship• 77 3rd Baitalion P KohimA Aw Aviator awa RAF Coningsb AFB Soldiern ¢ess of W el Re8im¢nt 750 309 harity- Big uny Lh Ckly Remernb Mayor'$ Sh¢ritrs' & R PCC of Si At United Guild S City Rememb City and Ciuil Ltvery S¢hool8 Trial thd Error ppeal rder'$ F wforstm ILY ¢¢ within Lwjyth 1000 21KI 27Q 125 2110 Ironbridge M Tothi thnation9
Th¢ Pavlors, Charity Thi%tees' Report PIAttS for future pe The Tn¢% intend wryll ¢ontinu¢ pm8rathuLe of the to conbnue dtng Working with ¢hDritabl¢ in8titillions as in the Te¢eftt FASL ¢ existtrÈ8 relationships to erLollr that th¢y S efftttiv¢ly ddivoing th¢ . aDd will Struetur4 g•verH Th¢ Tn]$i ¢ornpris¢s alon8 with the Mast otTicio. The dthi18 0 Thte¢S the Trn$t D the WoThhipful Con) Tntstses meet a hold partt¢ular offic hiory, i)bj¢¢tiv¢s ond A¢ryJuni& and rc The Tnte¢S b•v¢ a ntrols ale Èn pl f six I ,UpwW . Renter WaTdeffi aDd Chir of the C1w¢ryCommitree who 4r¢ all ex an be found on pw on¢. Forth¢ tuics 5llrroufyJLII8 the fijnction of the conwltryL The Tnt en8a8e the %rvI of 8th hdminimtor, the Clerk to who 18 TeBtx)Mible forthg day w d•y adivilies of th¢ Thut. year. Th¢ Trust¢¢s are APInted for a pcriod of 3 Yea or serve whil th¢y ipful Cornpgny of P•vioYs. Newly appoitLttyJ Tnt5 provideil with the of the Tnw. A new Trustee Teceiv¢s a copy oCth¢ previous yS R¢tt hariiy Commi88ion leafiet The EJxntia] Tnutee". fy rcvi¢w risk to whi¢b the Cbarity ts ¢X¥ed to easure appMlIt¢ d ghoutd nyofPa I¢ASI twice inthewo proced uty io idcnt provid¢ The Thute¢$ annua]I eBtablished sysms r¢iate to investhxrtl 1nve8kn1rrt man contider th d pr 8em¢n d the poli miiorriok• to whi¢h the Thut 18 expoJ hav¢ reviewed tho% and m#DR8¢ them. To date the Tn]S<s have ¢ktermtThed that these mainly d b¢li¢ve th¢8e hve be¢ mitiRatyl by the winrmtht of prr)fe88i0Tj of rnaia4itiing a and diversif pAtfolio. by.. y th¢ TrpM*ts of the (kny and on its bèhalf Roderiek Hugh Al¢x Chair of Trurte er Ma¢Do P•8¢ 4
The Pavlor8' Chrity tement of Trustees, Rwnsibilltles The Tnte¢S the United Kingdo &pplic8ble law alld The law appliuble vknich a true application of reso require4J to.. sele¢t lIable observ¢ the meth tL5ible foripreparing the Tru8W rwt afyl the fiDaD¢1 staiemffjts rn a¢¢othc¢ with Accountin 8U10 10 clwities fair vie estsfthe of the 5ra of affai of the Charity attd of the incoming resourtw and ntins p)1 s and prin ip1¢5 in the Charitie8 SORP. statc whether a disclosed End ex lic•ble lained in the unring StsTrd have be¢n followe4 to atly m•t¢ri d¢p4rn riDancl slatemen on th¢ 8oiTr8 ¢onc¢rn unl¢ss it is impwpriaie to preswne that the Prer¢ th¢ fina Charity will co The Trust¢¢8 are any time the financi with th¢ Charities A the cot)stitirtion. Th t•kin8 rtawnablo ue its b1 nsibl¢ for I rAisition o eeping PTOPtt a¢1]& rKorth that di&cl( with rt4OllBble A¢¢UrnCy the Charity and ¢Tle them to the financial statements comply licable Clwities IAc¢iwJnts ReprKs} Re18110. 4nd th¢ PTOVi8iOtsS of also resp)nsibk for safegu8ft1in8 the ass¢ts of the Charity herKe for tion 8t1 ddtttion of frnud 8TrJ other ine8ut8n'ts"¢& 2011,the sforthe ApprovNJ by the T ofthe •nd •8r*d om Its bdjaifby.. s( l.L Rod¢ri¢k Hush Alc Chair of Tte¢S
Independent EUmine$ R¢port The ActOUDts (Acernah Ae¢ounts) Rerth to the tru8te¢5 of awriryNumbw. 1102885 On a¢¢outtts for the yeu ded 31 Dec Set out on pase8 7t013 Resmive reiponslbiutltt of trnitees And eAAmltt¢r The¢h ty'$ tru51ees 8r¢ resp)tL4ible forthe prwtition of the aC0)ur Th¢ ¢harity's ttuste all audit is Dot rtyuired forthi6 yetr (untss¢rtion 144(2) of th¢ CknitÈes Act 2011 Act) and that art indegendent examirt&tion is needed. 2011{th Itisrny nsjbility to the ur¥J¢r Itttion 145 of th¢ 2011 A¢( follow the prEA¢S laid in the gcneral DIrectiL 8iven by the Chlty mmission under swtioTh 14515Xbl of the 2011 A¢L and st4t¢ whctherpartiallar matters have come ty my altention. Ba811 of Independent Anthier'i ilatm¢ut Myex ond&¢o on. An examination mc]udts a miew of th¢ ni1n8 kept by the charity pdrijon of the llCL¥rtmts pregffltrd with those record& It also includes consideration of y unusyal it¢rfy8 ordiKIo8Us tn th¢ couDts aod 5ttkin8 expltiOnS from the rryst¢¢s would be 4ny iu¢h mattets. The procedures llndcrtaken th) not provid¢ all the evidence that present a uired in In audiL and wn8equently opithion 16 8iveii Is to whether d accounts below. Irue and fAirview' th¢ rewt li limitsl thoge matttts 8d Out In th¢ statement In eonn iteD)eD¢ rrqui hich 8ive4 me re•90Tle to beli¢v¢ in ofty M11 kty ¢tiO8 iti &*Ord with atttion 130 of the 2011 Ac(4tsd prepgr¢ x¢oiiiits which t0rd with the 8ccountlZl8 rordS aThd Comply with the reqwr¢mMts the form afyl cont¢ni of ae&x)unt8 s¢t out in the ChBriti¢8 and RtpJrL81 R¢8ultttion8 2(KJ8 other than #tty requirement th8t the account$ 8lV¢ IT. vi¢w which ia Doi A matter con8id¢red as p8rt of an iAlepetht examination. opp11 {Accouni 'tru¢ and ve th)t {2) und which. in my ]n10 tion th)uld b¢ drawn Rt) othto •[ble • propor ITh8 of the be rnchwL Sied Nam¢ Jackle K¢l¢v8nt professional qu411rilion or boty AAT Adth¢g9 35 Pixha Dorktii SuTrcy RH4 IPL
The Pviors' Charlty Statement of Flnanclat Activitles r the Year Ended 31 Dmber 2023 T•t•l 2022 f#th 2•23 Ineome Elldo Donations Charitsble a¢tivities ents from 25.740 32.475 30.740 32.475 38330 19.989 Totat Income (laritable a¢tivitioB Fundraisin8 Veljts 93.434 216 93.434 210 87.423 210 Total EXJ1E N¢t nK•vement in fu 105 29 {23J66) (20.566) (21.496) 80.715 (98,062) Gains (loswl on Inv 80.715 Totsj fimd8 906 183 1025 741 TotAI caryied f 10 933415 966 332 906 183 All of th¢
The P•viors' Charlty (RetrIoll number: 1102885) alance Sheet as at 31 December 2011 2023 2022 Not¢ Mxed auets Investtnents 866,417 804.427 Curret •Mets Stocks Cash at bADk UAbllltles 101756 Cr¢dikn 80 N¢t M¢ts of th¢ CkArl Rrftrlcted 31917 27,917 Uttrutrfrttd fllndl 933415 878 To¢AI tthttd• 10 Th¢ financi sts and siwjed on their alf by.. rtl.L Rod¢ri¢k Hu8b Ale Chair of TnJstttJ
The Pviors' Charity Notes to the Flnan¢knl Ststements r the YeAr Ended 31 D¢ttmber 2013 l A¢¢oulltlD8 PO Stternent of tomp The fJn8nciai state Stsm¢nt of Keco FitMD¢ial Reportin8 20151 {Charities S Ir¢iaDd (FILS 102) 8 ents kAve mcnded riee applic4bk to ¢han'tics prepATin8 their accouhts in at¢orthce with the Stsndsrd ylicable in th¢ UK and Rwublic of ]r¢iartd IFRS 102) letY¢Gtive l January RP IFRS I 2)), the Fitwl] Rwrtin8 Slandard app]ible rn the UK al R¢public of Act 2011. Bth of pr•pAr•llo The Pwior8' Chari iDitsally T¢Wlsed policy T. mects th¢ I histori¢al finirion of a public benefii ¢ntity under FRS 102. A$ts And liabilities 4T# ColDi eon¢¢rn The Tntets cotisid concern. no mut¢rial uncerthwties ablxll the Charty6 Abijity to continue 41 4 BoirtK In¢oNe eAdow Don1014 ittves land ¢ome aTe on a 1vabl¢ bui& EdltUr¢ These include ¢ for OD a payable bfysi ts re]81 I shed LY>S
re wrtiotwd XU¥ftli¢s ID flffth¢ of the tsbiKt8 of the TnuL
Fllnd •¢¢ollntl Unr¢8tri¢ted fiJtt¢ts ca be u1 in with the¢PTithbl¢ obie¢¢iveB at th¢ di10 of th¢ Trult or pnKul•r r¢stricd within the ¢)bje<ts of the Chority. Restric¢¢d fimd8 ¢ax Restrictions 19¢ wh lyb¢wd specified Further exp]a#a¢ioti o Stock¥ Sirtk comisti of a nu is ¢harpl to resour¢¢ ber of M ¢xpeDded. Invutnlents Quoted investmeth¢s are Jhowtt in the Stat eni of Fi ct T4alue as w th¢ b•lIn •he4t dth. and •ny 8ains or10sBes ial Activities. The Ch•rity i exemp froMon ts ¥knitsblt wctiviti V•l4e Added TAX Value Added TLX is in the ststeml of F. I 0Verab ial Adi e by the Ch4Tity 8nd • w¢h li Tnclud¢d ith th¢ r#levwrt
The Pvion' Chrlty Nots4 to the Flnanctsl Statements r the Year Ended 31 December 2023 Mxed •st In Fixe4 ass¢t inves sheet dale. ReAiised thetr tmrket value a of Fi]Jancial A¢tivitL 140th itt$ and the Stan of in th¢ ptyi prograr0 r¢]atrAI iDVati vt iDcludwJ at matht value the balance on ittvcstments Are cai¢ulat&l as the differcncc be¢ sales proce&l8 artd ye•r. or sub5qU¢ CLK aml are ¢hthrged or kyedirèj w thB Stai¢ment of d1sF&]. Unre[ g•ini chtrg¢d the Sthi A¢tiviti¢• b•sed oth themathi valu¢ at theyear ¢tt 2 ID¢ome do
tlom
Unreslrf¢ted TotAI 2023 Total 2022 Crner 38.230 25.740 3 Invertmtht I0 Ullrttlrfeted ROSIrkt Total funth 2023 Total 2022 Gellernl DividendB & inre VfAI 21.448 P•8¢ 10
The Pavlon. Charity Notd to the Flnndal Ststrments or tbe Year Ended 31 December 2023 4 Expendlture o thrltbk tmt ReJtrl¢ted Tot fund¥ 2023 Tot•1 2022 GYthts- o]rreDt yea 93.434 93,434 11,579 105013 87.423 12.684 105.013 TotAI 2023 Totsj 2022 216 216 S GovernDt¢ UMr¢Atrltttd Rutrkt¢41 Totxl 2023 Totsl 2022 Ind¢pendem ¢xmLne 's fee 2,400 2.400 1.2 1,200 127 5.942 127 5.942 R8ihbon¢'s mana8e L¢ga] fees- Winckw t fees 6,143 6 Trnitees remyne No TrL¢ nor any tlon Abd e pen rsons ¢0 PaBeii
The Pavffior8' Charity Notes to the Fknanc1 Ststsments r the Yur Ended 31 Detember 2023 7 Flvd auet Inv 1ove¥tmertts Tot•1 Cwt or VlyJtlon At I JAnuary 2023 Revalu10 Addilion8 804,427 917.397 51.847 (70,6741 156.729 262.394 (146,5861 (304.690) 866.417 804,427 At 31 Dzc¢mbtt202 Net book At 31 D¢¢ember 20 866 417 804 427 Al 31 December 20 804 427 917 97 8 Stock 2023 2022 Stocks ofMtster'$ 9 D¢bttsn 2023 2022 Prepaid evettts 10 hDd• BlD¢¢ at 31 B•knnce t I l•eomlfy8 lves¢mtnl Reure8 Deetmber JNuAry 2023 reWrS revalu*¢Jon expended 2023 Unmtrkttd fumdi 878366 74.003 29.583 IlQQ.1691 933,415 Rdtrl¢¢¢d Tol41 fulldl 29 83 P•8e 12
The Pavion, Charity Iyotes to the Flnanclal Stst¢ments r the Year Ended 31 December 2011 11 Anaty41• of net Unmtrlcted fun Totsl fuTrds Cenerl Fixed wet ULvests)J 866.417 866.417 99,995 99,995 80 80 Currenl libilitse& Tothi net 46oets 966 332 966 332 12 AD•lyili •f net r At31 Dmber 2023 2023 Cuh flow C48h at bgnk Ind at tht*)n¢s 101.076 11.081) 99.995 101.076 {1.0811 99.993 P48¢ 13