CHARITY REGISTRATION NUMBER: 1135314
PAINTERS. COMPANY CHARITIES
Unaudited Financial Statements
30 September 2025
MCLEAN REID
Chartered accountants
1 Forstal Road
Aylesford
Kent
ME20 7AU

## **PAINTERS' COMPANY CHARITIES** 

## **Financial Statements** 

## **Year ended 30 September 2025** 

||**Page**|
|---|---|
|Trustees' annual report|1|
|Independent examiner's report to the trustees|**5**|
|Statement of financial activities|**6**|
|Statement of financial position|**7**|
|Notes to the financial statements|**8-16**|





PAINTERS. COMPANY CHARITIES
Trustees, Annual Report
Year endèd 30 Septsmber 2025
The trustees prgsent their reportandthe unaudtsj financk4 staiementsofthe charityforthe year ended
30 September 2025.
Refer•n¢8 and admlnlstratlve detsils
Regmered charity namg
PAINTERS COMPAKY CHARrnES
Charity rnglstration number
1135314
Prfnclpal office
Painlws, Ham
9 Little Trinty Lan8
don
EC4V 2AD
Mr J E C Briant
Dr P Bro&Jhead
Mr B Pryor
Mr P J Huddleston
Indgpendent examiner
MrAR￿d
1 For5td Road
Ayksfor(I
Kent
ME20 7AU
Struthire. governance and managwngnt
The Wor$hipful Ccmpany of PaInter￿t￿nerS is a Cty LpRry Corrpary found￿ under Royaj Charter in
1581 and is represented by its C¢)urt of A%si8t*rts.
A Board of Trustees comprising up to seven members meets regularly to administsr the Charity.
Trust&s are appointed arther by virtue ofthe offKe they hdd as Mernbe￿ ofthe Court ofAssistance or
by wrtue of their expertlse and qual￿￿￿On$.
Thk8 Charity is an Unin￿[P￿a￿S charty governed by a Trust dated 22 February 2010 and is
registsred by the Charity c0mmtrts￿ with the number 1135314.
A(knini$tratlon
Day-to-day administration of the Charity is exercised by Ihe Clerktotheworshipful Ccynpany of Painter-
StaineTS. Alice Pearson. The prtncpal Off￿ and d￿a￿S of independent examiner. of the Charsty are
gDien above.
The inve5tsnents of the Charity are managed on 8 dlscreti¢)nary basis by Cazenove Captsl and are
subject lo scrutiny by the Board of Tntstees and membgrs of the Finance and Management Committee
of the ¥%brshipful Company of Painter&&ner&
Publlc Benofft Statement
The Trustees Confirm tha they have refe￿￿3 to the Charity Commission's general guidance on publ
benefit when reviewng the charty's aims and (*Jjectives. th8 planning of fthure actNitbes. and
are satisfied that the requirements are fulfilled.

## **PAINTERS' COMPANY CHARITIES** 

**Trustees' Annual Report** _**(continued)**_ 

## **Year ended 30 September 2025** 

## **Objectives and activities** 

The objects of the Charity are the advancement of education and relief of poverty through making grants to appropriate individuals and in particular: 

- 1 Such charitable purposes as may be associated or connected with the City of London. 

- 2 The encouragement, support and promotion by way of financial support, education and public display of British arts and crafts to include the trades of painting and decorating. 

- 3 The relief of blindness and other visual handicaps and the assistance of the blind and visually impaired. 

- 4 The relief of poor clergy of the Church of England. 

5 The relief of poor, disabled or invalid liverymen and freemen of the Company and their spouses, widows or widowers. 

The Trustees shall not be at liberty to pay or apply hereunder the capital of any· donation which the trustees shall have accepted subject to a direction by the donor that the capital be not expended. 

The Charity has complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to guidance published by the Charity Commission with regard to a public benefit statement, by continuing to provide grants, bursaries and donations as outlined in the Charity's objectives. 

## **Achievements and performance** 

The objectives of the Charity are fulfilled through a range of activities which are focused on supporting education in art and craft related subjects. They are directed to students at schools in London and towards students studying art and art-related subjects at higher education institutions. 

The activities include: 

- Two Fellowships in Portraiture at Heatherleys School of Fine Art. The students are selected by the Charity's Assessors and each student receives a grant of £5,000 to cover one year's tuition fees. 

- The Charity has allocated the rem·aining £25,000 of the Brian Botting Bequest for distribution over five years to support one of the two Fellowships in Portraiture at Heatherleys (at £5,000 per year over 5 years, until the fund is fully spent). 

**2** 



PAINTERS. COMPANY CHARITIES
Trustees, Annual Report (contlnu
Year •nded 30 September 2025
Flnanclal roVi6W
Incoming re80urces for the year, before unreallsed gains on In￿tments, wore £113.107 {2024:
£426,64218nd comprised the following..
Dunean Burton donation
other donations
Fundraising sa
Inv¢$lment income
TOTAL
1£308,829}
1£18.7731
1£2,9801
1£96.0601
(£426,642)
£9,817
£103,290
£113.107
Expenditure during the year wa8 £102,62412023'. £59,799} and ¢omprised the following..
Grants and donalkJn8
Fundraising costs
Govemanco and administrative c0818
TOTAL
£10,000
£157
£47,528
£57,685
1£43.4JOI
13,435}
1£55.7891
{£102.6241
Nel Incomlng resource8, before other recognl6ed galns and1088e8, were £55,422 (2024.. £324,018).
Unrealised galns on fixed a8sel In￿tments during the year were £212,96612024'. £158,301) and the
V8lue of inveslmenl8 on 30 Sepl8mbar 2025 was £2,613,90212024'. £2.494,187).
Ro8eN88 Pollcy
The Tru8160s regularty r￿leW the reserves of the Charfty againBt the background of continuing 8UPPOrt
for beneficiaries in dfficuli circumstances. meximising ¢h•ritable impact and striking a balanca befvdeen
bulldlng a long-lern Investment fvnd and m•etlng 8PK>rt-t6m ¢harilabb8 expgndllure.
The re6ery￿ pollcy 18 to hold an..
Unre8tricted General {dl8trIbutab￿I Fund 6qufvalent to not less than three years, charilabb,
govemanc6 and admlnlslratwti eoÈtB of £300,000 to meet 8h¢Jrt-lerm exp8ndilur• and
an Investment Fund of not lèss than £1.350,000 lo ggnerale Income and help provkle $t8bli ty
lo tho Ch8rty'8 futUTe programrne of gran18 and donations.
Unre6lricted r88eNe8 held at the reportlng dale of 30 September 2025 were £2.649,4S1 12024..
£2,381,063>, comprislng the Idesignaled} Investment Fund of £2,349,451 12024.. £2,081,063) and tho
General Fund of £300,000 {2024.' £300.0001.
Golng Con¢•m
The Trustees havg considered whether It is appropriate to prepare the Charty's financial statement8
on a going concern ba818. In doing 50 il has considered the folh)wing:
thg 8ubBtsntial assets of the Chadty.
the discretionary noture of the grants awarded. and the prud•nl natur• of the commttments
given by the Charity lo it$ beneficiario¥.

PAINTERS. COMPANY CHARITIES
Trustees, Annual Report(¢￿￿Tr￿
Year end•d 30 September 2025
The Trustees have a reasonable expedth. n that Ihe Charity wtn continue to operate and to mèet its
liabiltiies as they fall due overthe period ol Iheir assesS￿nt
In the opinion of the Trustees. it i% appropriate to prepare the Chari￿$ ffiancial statements forthe year
erKled 30 Sept￿ber 2025 on a going con￿rn ba$5s. FurthemYJre. they have identified no material
uncgrtainties surrounding the Charity's abilty to continue lo operate as a going eoncem during a period
ofat ￿ ts1￿[¥8 n￿nthS the date ofapproval of the fmancial st*errents.
Trustees. Mponsibilities stat•m8nt
The trustees are responsible for prep¥ing the trustees. Tewt and the financial statements in
accordance with applicabie ￿ and un[t￿ ￿ngd￿ Accounting Stand*d5 (United Ktngdom General
Accepted Accounting Practice).
The charty trustees are required to prepare financial ststements for each year which gNe a true and
fair view of the state of affairs of the charitable company and the incoming resources and application of
resources. induding the i1￿0me and expenditure, for that perKd.
In preparing these financial stateme￿. the trustees are required to:
sdect suitable a￿)Unting policies and then appty them o)nsistenty'.
observe the Meth￿￿5 and principlès in the applicable Chantw SORP.,
make judgments arKI accounting estimates that are reasonab￿ and pnKJ8nL
prepare the financial statements on the going concem basi8 unless it is inywopriate to presume
that the charity wll continue in business.
The trustees are responsible for keeping adwLth accounting words th* are sufficEnl to show and
explain the charty's transactions and disch)se with reasonab￿ ￿UraCY at any time the firtanci
position of the charity and enabk them to ansure that the finanCh￿ $tslement$ compty with the
Companies Act 20fA. They are also responsib￿ for safeguarding the assets of the charity and hence
for taking reasonable steps forthe preventKJn and detedh?n of fraud and other irregulaiities.
The trustees, annud report was approved on 22 ju￿ 2026 and svJned on behalfofthe board oftrustees
by-
PllJt
Mr B Pryor
Twstee
Mr P J Huddloston
Trustee

PAINTERS. COMPANY CHARITIES
Independent Examlnerfs Report to the Trustees of PAINTERS. COMPANY
CHARITIES
Year endad 30 September 2025
I report lo the trustees on my examination of the ffnancial statemerts of Painters, Crynpany Charitie8
Cthe charty'l fof the year ended 30 sept￿nber 21r25.
Responslbllltla8 and ba818 of rtport
the tnjstees of the charity you ore r•sponsbi le for the preparation of the financial statements in
a¢¢ordance with the requirements of CharitM A¢t 2011 Ilhe Arf).
I report in respect of my exarninat￿ ofth& chkn's financral statements Garriod out under section 145
of the 2011 Act and in caffying my examinath)n I have folkywed all the applicab￿ Direction8 given
by the Chanty Commission under sectton 145{5)Ib} of the
Ind•p•nd•nt •xamlne¢s statoment
Slnce the charity's gross incom& exceaded £250,000 your axamlnor must be a member of a body li8ted
in section 145 of the 2011 Ad. I confiTm that l am quaIrf￿1 to undertake the examination b¢¢ouse l am
member ofthe InstitLrte ofchartered Accountants In Ewkqnd and Wala8 {￿Ew). whlch 18 one ofthe
listed bodies.
I have ¢omplel&J my examlnatlon. I confimi that materlal mattef8 have ¢ome lo my attontion In
connection with the eXaminat￿n gmng rne causg to believe that in any materfal respacl:
accountlng reLords were not kept In respeci of the tharity 88 Nulred by Sectlon 130 of the
the financ￿ 8tatements do not ￿ wlth thosa re¢ords: or
the financial 8tatemerts do r#)t compty *Aith tho applicabbè requlmmonts ¢on¢grning the fo
and content of accounts sel out in the Charibes {Accounts and Reports) Rogulations 2008
other than any reqUIre￿nI that thè aceaunts give a and fairf view which ts not a mattar
consldared a8 Part of an Independènt 8￿minat￿)n.
I have no ¢onrnms and have ccrfrvj acr￿3 no other mattern in ttfflntttion wlth the examin*ion io wthich
attention should be drvlm In this report In order to enable a proper undorntsnding of the accounts to be
reached.
MrA Reid
Independant Examiner
1 Forstsl Road
Aylesford
Kent
ME20 7AU

PAIKfERS' COMPANY CHARITIES
Statsmont of Flnanclal Actlvltlos
Yoar ended 30 September 2025
X12S
Unr88trfcted Ro5tricted ErKloMnent
fund8
funds
funds Totsl fvnd• Tcrtal fvnd6
2024
In¢om• and •ndohYnent•
Donation8 and
Charity Fundral6ir
Event
In¥￿trnent inc(M
.817
9.817
327.802
2,980
98.060
426,642
103,2¥¥J
113,107
103.2
113.107
Total InG(xn•
Exp•ndltur•
Expenditure on
57,885
57,885
57,685
102,624
Total •xp•ndltur•
57,685
102,624
G•inB on wnpairmont or
dIspo￿l ￿ Operntk￿l
212.986
212,986
158,301
Not Ineomo and n•t
movemont In fund•
268,388
288,388
482,319
R•conclllatlon of fund•
Total fvnds brought fO￿ard
Total fvnd• ¢•rrf•d fornaryl
2,381,¢A3
2,649,451
25,000
25,O¢JO
122,000 2.528.063 2,045,744
122,000 2,796,451
2,528.063
The statomenl of financ1￿ includM •ll g•inJ •nd h?8￿ reo>Jnlsed k) the yw.
AJI income and expenditur• denve from ¢onllnulng activthj.
Th• ¢￿.￿9•* 8 t• 11 torni p•rt ofthM• fln•KL•l •t*t•m•nts.

PAINTERS. COMPANY CHARITIES
Statoment of Flnanclal Positlon
30 September 2025
2025
2024
Flxed assets
Heritage a88et8
Investments
13
122,000
14 2,613,902
2,735,902
122,000
2,494,187
2,816,187
CUrr￿t assots
Debtors
Cash at bank and in hand
16
46,944
18,384
10.904
6S,328
10,904
Cr•dltorn: amounts falllng due wlthln ono yoar
Nat current aiset•llllabllltlo51
Total a8s8ts1888 current Ilabllltles
4,779
99,028
60.549
88,124
2,796,451
2,796,451
2,528,063
Net assets
2,528,063
Fund8 of the charlty
Endowment funds
Restricted fund8
Unre81rKled funds
122.OC4)
25.000
2,649.451
17 2,796.451
122,000
25,000
2,381,063
2.528,063
Totsl charlty fund•
Th889 financlal 8tatement8 wer8 approved by th• board of trustee8 and authod8ed for188Ut on 22 July
2026, and are $lgned on behalf of the board by..
Mr P J Huddleston
Trustee
Thg noteB on page• 8 to 16 fomi part olth•8• flnan¢i#l 8t#tements.

PAINTERS. COMPANY CHARrriES
Notes to the Flnancial Statements
Year ended 30 September 2025 .
Genoral Infornmllon
The charty is a publK tenefft entity and a regi8ter&J charty in England ￿ Waies and is
unincorporated. The address of the"priwal crffice is paint￿5. Hall, 9 Liiue Trinty Lar& London,
EC4V 2AD.
Statemart of compliance
Thes8 financ4al statements haNt been prepa￿1 in complkqnce with FRS 102, Tr Fina￿181
Rep¢)rting Standard appbcthe in UK and the Republic of Irgland,, the Statement of
Recommended Practice apph'cable lo charities preparlng their accounts in accordan¢e wrth the
Financial Reporting SlarKlafd aPp1Kab￿ in the UK arKI Republ￿ of Ireland IFRS 102} (Charities
SORP {FRS 102)> and the Charthes Ad 2011.
Accountlng pollcles
Basis of pre￿ratIon
The fin8ncid SLiteM￿ have b8gn wepared on the htstorical cost knls. as m￿lf16d by the
revaluation of certain finaneial.a$30ts a￿1 ￿lI1￿be$ and Ir)vestn￿ prwties rroasured at fair
value through income or gxpgndriur
The finwKial $talen￿ts are prep¥ed in stertng. 18 thè fvrthwl ¢urrenGy ofthe entity.
Goln9 concern
There are no materid uncertainttes atrfjrt tr* ch*tys abilty io continue.
Dlsclosurg gxompbon¥
The entty satisfies the criteria ofbeing aqualfying entity as defingj in FRS 102. tt is a Sm￿1 charity
as defined by SORP 2015 (FRS11f2). As such. advantage Iw been I￿(￿n of the folkxlng
dis¢b$ure exemptions aval￿ble under section 11 of FRS 102..
la) No fknv slalement has be8n presented forthe ttffj)any.
Judgements and kry sources of esllmatlon uncertalnty
The preparation ofthe financial statements requires nk9r03en￿nt to make judgemerrt5. e5timate$
and assuMpt￿n$ that affect the amounts reported. These estinates arKI judgements are
conlinualty reviewed and are based on eXp￿nCe artd other factors, irKluding expoctations of
SwJnrficant I￿eM
The judgements (apart frcth those inVo￿ng estirnationsl that Manage￿nt has made in the
process olapptying the entitys ￿oUntIng arKI th* have the.mosl signffKant effect on th8
amounts recognised in the financial stateTr￿ts are as follNs".
Accounting 8Stimates and assumpti￿$ are made concern￿v4 the futuro arKI, by their nature, will
rarety equal the reL4ted actual outcome. The key a￿UmptIonS and other sour¢os of estimation
urKertainty that have a strjnifunt risk of cau￿n9 a m*erial aJjusknent to the carrying amounts of
assets and liabilitses ￿thIn the next financial year ate as fo15ows.'

PAINTERS. COMPANY CHARITIES
Notss to the Flnancial Statements (contknwd)
Year ended 30 September 2025
Account5ng polldes (COM•JwdJ
Fund accountlng
Unrestrrted fvnds are avatlable for u$8 at the discret￿)rt of thè trustees lo further any of the
tharitys pUrr￿e$.
Designated funds are unrestricted funds e￿ed by the trustees for parttcular future project or
commrbnenL
ReStr￿ted bjnds are subieded to testricbons on Ihetrexpenditure dedared bylhe donoror through
thoterms of an appeal, and fall into on8 of￿0 sut>cfasses'. restricted income fvnds or endowment
funds.
Incomlng resources
l inccffiing resources are IrKluded in th8 Statement of fin8nctai actsvitw when entrttement has
passed to the charty, it is Pfobabb that the economrc benefits a$S￿ated the transaction wll
fknv lo tha chanty and the arrKsunt can be reliably measura. The fr>llowing SpeUr￿ policies are
applEd to particular ¢ateg¢yies of inc(Th:
income from donations or grants is reu4nised when there is ev*Jence of 8ntitlement to the
grfl. weipt ks probable and ts amount can be measured Tel&)ty.
legw income 15 rwnised vthgn receipt probable and antitlgm¢nt is established.
income frerfn donabj grt¥Js is measured at the fair value of the goods unless th¢s is
impractica lo rr￿￿Te reliabty. in Wh￿ ease the value is derived from the cost to the donor
or the estimated resaS8 value. Donat￿ facilrties and serwces are rwnised in the accounts
when received if the value can b8 re￿￿)[Y m&qsured. No amounts are induded for tr
contrtsution of general volunteets.
income from eontlacts for the suppty of Se￿ is reccgni8ed wtth the delNery of the
contr&ted seThtce. This i5 c1￿7￿8d as unrestrMXed fijnds unkn there is a contractual
requirement fry it to bg spgnt on a part￿U[ar purpose arKI rgtumed rf un8pen( in whKh case
it may be regarded as restiithd.

PAINTERS. COMPANY CHARMES
Notes to the Flnanclal Statem¢nts (¢
Year endod 30 September 2025
Resources oxponded
Expérkdrture is recogniwj on an accwals basK8 as a lialxlty 18 irurred. Exponditure indudes any
VATwhich cannot b8 fulty re¢ovwwJ, aThJ bs cL98srf￿d urthr hewJing8 ofthe 8tatement offinaKial
activiti88 to it Telales..
expertditure on ￿l1vj fund8" thè tosts of all fuTrdratsMig ￿t￿￿tte8. events, non-
charit*le trading ￿pA￿e8. and the good8.
expendituro on charilablfr actr4ts nclud88 al costs ty a dwty in undwlaking
actM1￿ that further rts charitsbb aims for the benefft of its b9n￿f￿1arieS, iKtuding th08e
8UPWt cost8 and costs relakn'ng to the govemance of tha charity apportB)ned lo charitable
otherexp¢ndhurs Inthdes all expendlturethat B r￿rfher related to talslng fur*d8 forthe Charity
nor part of Its expendlure on char*abh *1￿1￿8.
All costs are altocaled lo expenditure c8tegorres rell8Cting the u8e of the r880urce. Direct CQ8ts
attributable lo a singlg actfvity are alktated dlre¢ty to Ihgt actmty. Shared c08ts are apportloned
bafv￿n the thitie8 they contrbute to on a reaK￿8b￿. ju8tifi&)lo and con8i¥tent basis.
H•rltag• a•s4t•
Herrtage 9888ts measured th• cost model ar• rwnised in1t1￿ty recordthj at xquisit￿n
cost. and $ubsequenty slated at co8t1gM ary xcuMul￿ed depr￿lation and impaimient b88e8.
Heritage a88Ot8 mea8urod under thè r￿duStion model arn rec￿ed at ffa￿ value 1088 any
accumulated impaimxnt losw.
Where information on the cost or valuo of an 8$8et 15 not available and cannol bè cthingj at a
cost which wnmensur8t8 With the ￿￿@frts to usef8 of th& finan￿al Statemgnts. the a88¢t $hall
ncl be re¢>)gnised in the Statement of financial position.
Inv••tm•nts
Li8twJ Investments are measured ai falr value v/lh ch￿98$ Sn fair value b•lng r•¢ognSsed In
InccTh or expenditure.
Impalmlent of aswts
A revie4V for Indlcators of Inyalm)•nt is at oxh rep￿9 dale, with the recoverable
amount being estlmated Whe￿ s￿h ind￿tOrS exi8L Where the ¢gryiThJ value exceeds the
recoverablg ￿OUnt. the a88et 18 hmwred xcordingty. Prnr impaim)ents are also reviewod for
FW8ible rever881 at exh reporting dale.
For the purp08e8 of Smpairrr*rttesting. when it is po38b￿ to estwnate the recovorabb amount
of an indivhjual asset. an estimatg is made of the ￿cOVerable *nounl of the cash4Jenerating unil
to whi¢h the a88et bgsongs. The cash-generatlng unlt is the smal*t identifiable group of assetg
that includgs the asset and generates ca6h Inlltrw8 Ihat krgety independonl of the ca8h Inflow8
For impairm8nt testing of g¢>)th*iU. the gc&￿￿t wuired in a busirbess Combinat￿)n is. from the
acqutsriion date, alkKated to exh of the cash%enerating units that are expected to benefrt from
the synergies of the combination. iThespectrM of whothgr other assots or li8bi1th8 of thè charity
are assigned to th08e unhs.
10

PAINTERS. COMPANY CHARITIES
Notes to the Flnancial Statements {conthu¢rf)
Year ended 30 September 2025
Flnancial instruments
A financial asset or a financial liabilty is recognised only when the charlty beLomes a party to the
contractual provisions of the instrument.
Basic financial instruments, which Inelude deblors and cash and bank balances, are initially
reco9nised at the amount receivable or payable including 8ny related transaction costs.
Current assets and CU￿ent liabilities arg subsequenty measured atthe cash OT Other consKlerallon
expected lo be paKJ or received and not di8counted.
Financial assets that aro measured al cost or am0￿Sed cost arg reviewed for objective evidence
of impaimienl at the end of each reporting date. if ther8 is obj¢d¢ve evid9nee of impairm8nl, an
impaimient loss is recognised underthe appropriate heading in thg Statement of financial activrties
in which the initial gain was recognised.
Donatlons and18gacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Donatlon8
Donations
Tax rgcovered on gfft akl
Donation Duncan Burton
7,270
2,547
7,270
2,547
18,773
18,773
308,829
308,829
327.602
9.817
9,817
327,602
Charlty fundraising event
Unrestrictod Total Funds Unre81ricled Total Funds
Funds
2025
Funds
2024
Sales of goodslsemces as part of
direct charilabie actmttes
2,980
2,980
Invgstment Incom8
Unre8trieled Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Income from ¢a$h investments
Other interest receNabte
Bank interest receNabEe
Bank interest receNable Cazenove
95,5
101
95,596
101
333
7.260
89,717
89.717
7,260
103,291
6,249
96,060
6,249
96,060
103.290
11

PAINTERS, COMPANY CHARITIES
Notes to the Flnanclal Statements I¢¢Wth•￿￿)
Year ended 30 September 2025
Expendhure on ¢harttablo athttl¢s by fund typ•
unrestri￿ Total Funds Unrestricted Total Fund5
Funds
2026
Funds
2024
Charitable ¥tiviti95
Support costs
10.157
47.528
10,157
47,528
46,989
55.635
102.624
46,989
55.635
102,624
57.685
57.685
Expendlture on ¢harltJikn act1vh1￿ by athlty typo
Activrties
undgrtakgn
directy
Suppcrft Totsl lund8
costs
2025
Total fund
2024
charitab￿ actrthi
Govemanca costs
1S7
157
47,528
47,685
3,589
55.635
47.528
1S7
47,528
59,224
Analyals of grnnt•
2024
Grants to Institutlons
Grant8 10 inslilution8
10,000
43.400
Total grants
10.000
43,400
10. Ind•p•ndent •xamlnaUon f•e•
2026
2024
Fees payable to the irthpendent examiner for.
Independent ￿MInatIOn of the financial staterr
804
720
11. Accountan¢y f•0•
2025
2024
Fe68 payable lo the independent accountant for.
Annual accounts, bookkeepin9 and gfft ai(1 claim•
3.273
3.195
12. Trustse remuneratlon and oxp9ns
No 8alari88. W8ges. benefrts or eXp￿Se8 have been to th8 trustaas durlng th8 yèar.
12

PAINTERS. COMPANY CHARITIES
Notes to the Financial Statements (coftthtsedj
Year ended 30 September 2025
13. Heritage assets
The Bennett Bequ8st represents three Charfes11 silver tankards are slv)wn as per valu*ion
by D08fT Dallas in 2022.
The Bennett
Bequest
Co•1 or valuation
At 1 October 2024 and 30 Sept•mbèr 2025
Accumulatsd dopreciation
At 1 Octob8r 2024 and 30 Septem￿r 2025
Carylng amount
At 30 S•ptMiber 2026
At 30 September 2024
122.000
122,000
122,000
InYestm•nts
Ca•h or
oqulval•nts
Cost or valuauon
At 1 October 2024
Additlons
Fair value movements
Tran81ers
2,494,187
96,749
212.966
{190,0001
2.613.902
At 30 8optgmber 2020
Impalrm•nt
At 1 O¢tobgr 2024 and 30 SoPt•mber 2025
Carrylng amount
At 30 September 2025
At 30 SoPt¢mber 2024
2.613.902
2,494.187
All Inve8tments 8htr•m above are hehj at valuatkn.
16. Dobtorn
2025
2024
Amounts rywed by group Undertak￿796
13

PAINTERS, COMPANY CHARITIES
Notes to the Financlal. Statements l¢onllnu8dJ
Year ended 30 September 2025
16. Cr8ditors: amounts falllng due within one year
2025
2024
Trade creditors
Accruals and doferrod income
Other creditors
712
804
3.263
1.259
57,840
39.929
4,779
99,028
17. Analys18 of charltable funds
UnrestrSctsd"funds
At30
Galn8 and September
21r25
October 2024
Inco￿￿ ExFenditure
General funds
Designated Fund
Arnold Stevenson
Designated Fund
Duncan Burton
1,528,303
113,107
157.685)
212,968
1,798,691
393,931
393,931
458,829
458,829
2,381,063
113,107
157,685)
212.966
2.649.451
At30
G&n$ an¢J September
bsses
2024
-At1
October 2023
Income Exponditurg
General funds
DesTgnated Fund
Arnold Stevenson
DesD3naled Fund
Duncan BLtrton
1,354,813
117,813
(102,624)
158,301
1.528.303
393.931
393.931
150,￿0
1,898,744
308,829
458,829
2.381.063
426,642
{102.624)
158.301
Amold Hayward Stevenson. Past Master of the Painter4tain8rs' Company, in his will bequeathed
£350.000 to the Painters, Company charities. The Trustegs havg decidgd lo invest Past Master
Steven30n's bequest and usethe income generated of up to £10.000 lo fund a Schdar8hip on an annual
"basis for a student of any age to study art or architecture or the history of art or architectu￿.
Duncan Burion h9$ th)natod £458,829 tothg PaintsT5' Company Charities. This is to be used direcdy or
indiredly at the trustee's discretion, to support the maintenance, preseNation and ambign¢e c*f our
buildings which are.a designated ScheduledAncient Monument.
14

PAINTERS. COMPANY CHARITIES
Notes to the Financial Statements Icondftwé)
Year ended 30 Septemb8r 2025
17. Analysls of charitablo funds (¢on¢lnts•dJ
Restrlctsd funds
At30
Gains and September
losses
2025
At1
October 2024
Income Expenditurg
Brfan Botting Prize
25,000
25,000
At30
Galns and September
108888
2024
At1
Octobor 2023
Income Expenditure
Brian Bottlng Prize
25,000
25,000
Brian Botting. Ma818r of thè Painter￿taIn8rs, Company from 2003Th, dled on 14 January 2014
and in hi8 wlll. he bequeathed £50,000 to tho Painters Company chadties to eslabllsh the Brfan
Botting prrze for figuraltve drawlng.
The Char￿Y has allocated the remalnlng £25,000 of the Brian Bottlng Beql￿dI for di8tributSon over
fNe y¢ar$ to Support art in l¢xal sch¢￿1¥.
Endowmgnt fund•
At30
Galns and September
1088e8
2025
At1
O¢tobar 2024
Income Expenditure
Pemianenl End¢)wment
Fund
122,LK)O
122,000
At30
Galns and September
los888
2024
At1
October 2023
Ineomo ExperKliture
Pem8nenl Endowm8nt
Fund
122,¢)00
122,000
15

PAINTERS. COMPANY CHARITIES
Notss to the Flnanclal Statements {c
Year ended 30 Septembor 2025
18. An•ly•l• of not ass•t• b•l*wn funds
Unrestr1d￿ Restrwxed Endthvment Totsl FundB
FurK15
FurKIs
Funds
2025
Heritage a88ets
Investrnents
Current assets
Creditors les8 than 1 y
122.(MXI
122,000
2.613.902
6S,328
14,779)
2.796.4S1
2.588.902
65.328
(4.779)
2.649.451
25.000
25.0(X)
122.(
Ufftstrth Restrthd Endry￿n￿ft T¢)tsl Funds
FuThts
FuTrJs
2024
Heritage assets
Investments
122.LKKJ
122.000
2.494,187
10.904
(99.0281
122,LW 2,528,L*3
2.469.187
10,904
199.0281
2.381,
25.0(M)
Cr&Jstors le88 than 1 yeor
Net •Mets
25.0(K)
19. Rel•t•d partle¥
Tha th8rity £48.9M by The of Painter-Stain9TS Dn 30 September
202512W24- £36,886 Cr), an entity under the sare corrtrLq as the Pairrtets. Company Charftle8.
16