2022-03-31-accounts - Worshipful Company Of Basketmakers 2011 Charitable Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 FOR WORSHIPFUL COMPANY OF BASKETMAKERS 2011 CHARITABLE TRUST

THE BASKETMAKERS 2011 CHARITABLE TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

	Page
Report of the Trustees	1 to 8
Report of the Independent Examiner	9
Statement of Financial Activities	10
Balance Sheet	11
Notes to the Financial Statements	12 to 16
Detailed Statement of Financial Activities	17 to 18

THE BASKETMAKERS 2011 CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report with the financial statements of the charity for the year ended 31 March 2022.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1141986

Principal address Clay Hall Clayhall Lane Reigate RH2 8LD

Trustees Graham Aslet Julian Adams Stephen Bowsher (Appointed 2 March 2022) Anthony Charlwood Hedley French Stephen Gee Chris Hipkins Philip Miles Dorothy Newlands of Lauriston John D’Orsay Robinson (Retired 2 March 2022)

Honorary Secretary

Hedley French

Independent Examiner

Stephen Tanner Kreston Reeves LLP 2nd Floor 168 Shoreditch High Street London E1 6RA

Bankers

NatWest PO Box 35 10 Southwark Street LONDON SE1 1TT

Grant Application Administrator

Barry Scrutton (Retired 9 December 2021) 4 Little Haylands 103 High Road Chigwell Essex IG7 6QQ

Graham Aslet (Appointed 9 December 2021) Clay Hall Clayhall Lane Reigate Surrey RH2 8LD

THE BASKETMAKERS 2011 CHARITABLE TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Investment Fund Managers

Cazenove Capital Management 31 Gresham Street LONDON EC2V 7QA

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted and managed in accordance with the Trust Deed of 16 March 2011.

Recruitment and appointment of new trustees

New Trustees of the charity are appointed by the existing Trustees. The Worshipful Company of Basketmakers has the power to remove Trustees.

Induction and training of new trustees

Trustees are given the opportunity to attend training seminars and are referred to the Charity Commission website.

Organisational structure

The Trustees appoint a Chairman from among their number. They also appoint an Honorary Secretary and an Honorary Treasurer, who may also be Trustees and who usually attend Trustee meetings. The Secretary runs the charity on a day-to-day basis and the Treasurer oversees the financial systems and the reporting of the charity’s finances.

Related parties

The Worshipful Company of Basketmakers is a Royal Charter Company, number RC703.

Risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those risks related to the operation and finances of the charity, and are satisfied that systems are in place to mitigate exposure to the major risks, although it is recognised that systems can only provide reasonable, not absolute, assurance. These systems are reviewed at least once every year.

The Trustees have identified the following as the principal risks faced by the Charity:

Risk identified	Action taken to mitigate the risk
Underperformance of investments	Investments are managed by a leading firm of Investment Fund Managers whose performance is monitored by one of the Trustees and reported regularly to the Trustee body.
Misfeasance of assets	All payments by the charity are approved by the Trustee body and all payments made are authorised bytwo Trustees
Charitable giving is not used in the way intended	All donations are approved by the Trustee body. Wherever possible payments are only made against receipted invoices. Regular payments are conditional on annual monitoring and satisfactory performance and are re-authorised annually.
Covid-19pandemic	See below

THE BASKETMAKERS 2011 CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

COVID-19

Covid-19 is believed to have entered the UK around January 2020 and now affects all areas of our national life. The charitable sector and the basketmaking fraternity in particular are by no means exempt. Charities are affected in a wide-ranging manner, with implications for their operational capability, liquidity and financial position.

The Trustees have considered the situation and have put in place continuity plans that should allow the charity to continue in operation. In addition, as a funding body, the charity is a signatory to the London Funders’ Covid-19 Statement which recognises that the Covid-19 pandemic is an exceptional event that will have an impact on civil society groups and offers reassurance that signatories stand with the sector during this time.

During 2021 the Government imposed restrictions on many aspects of our national life and initiated a campaign to vaccinate a large proportion of resident UK adults. As a result the effect of the pandemic declined and by the end of the reporting period almost all restrictions had been lifted. The charity has been able to return to largely normal operation. The Trustees keep the matter under constant review.

Key Management Personnel

The Trustees comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis. All give of their time freely and no Trustee received remuneration in the year. No Trustees expenses have been incurred in the year.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity supports:

Charitable objectives related to the trade of Basketmaking including education and welfare.
Charitable objectives relating to the City of London including the Lord Mayor's Appeal.
The Guild Church, St Margaret Pattens.
Small charities focused mainly in London.
Benevolence for Company members and their dependents

Donations to London charities continue to be concentrated on fewer charities so allowing the maintenance of better relationships with those involved in running them, which will also mean that the Trust can more easily ensure funds are being used responsibly. Most support is provided to social and welfare type charities, such as rehabilitation, assistance to the homeless and care for the elderly, primarily in the poorer areas of London.

Significant activities

The objectives, as detailed separately, continue to allow the charity to be focused in its grant making, and the appointment of a Grant Application Administrator continues to facilitate the handling of requests for assistance.

In March 2022, at the start of the Queen’s Platinum Jubilee Year, the Chairman wrote to all Liverymen and Freemen of the Worshipful Company of Basketmakers, inviting them to support the charity by reviewing and increasing their financial support. Many have responded very generously but it is still too early to report in detail on this initiative.

The Basketmakers’ competition continues to operate successfully. Four prizes totaling £4,500 were awarded with prizes given in both the Traditional and Contemporary Basketry categories.

THE BASKETMAKERS 2011 CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES

Significant activities (continued)

The charity supplies baskets to official dinner guests of the Worshipful Company of Basketmakers and sponsors the Prime Warden’s Consort Days, all of which promote the trade of basketmaking. An annual bursary is also made to provide support to someone keen to pursue a development opportunity which will benefit their basketry practice.

The charity also works with Cockpit Arts, the UK’s only creative business incubator for craftspeople. Our funding has enabled Cockpit Arts to offer places to professional basketmakers in each of the last three years on their development programmes, enabling them to develop their businesses. This programme was extended in 2021 in cooperation with the Basketmakers’ Association to an online course for up to 16 basketmakers, which was very well received and repeated in 2022.

Grantmaking

The charity sponsored six charities during the year giving each £4,000 to £5,000 per annum over a three year period, subject to satisfactory annual reviews. Each charity was reviewed by two Trustees and a further annual payment was agreed for each.

Spires i a day centre working with homeless & disadvantaged people in South London, providing a broad range of services to improve their quality of life. During the year the Trustees gave a seventh and final grant to support the charity in order to alleviate the effects of the Covid-19 pandemic.

Theatre Royal Stratford East provides a programme of workshops for vulnerable youngsters, referred by local schools & youth groups. The intention is to build confidence & self respect to equip them for adult life. During the year the Trustees gave a seventh and final grant to support the charity in order to alleviate the effects of the Covid-19 pandemic.

Sheriffs’ & Recorder’s Fund supports the rehabilitation of prisoners. During the year a payment of £5,000, being the second annual payment in a second three year period, was made to the Fund.

Magical Taxi Tour gives sick children a break from therapy and treatment by giving them a three day break in Disney® Paris. The Charity sponsored three taxis at a cost of £4,200. The Magical Taxi Tour could not take place in September 2021 as planned, so no payment was made in the year. It is expected that the Tour will be able to resume operations in September 2022.

Magic Breakfast is a registered charity which aims to end hunger as a barrier to education in UK schools through the provision of healthy breakfasts to vulnerable children. Magic Breakfast continued to operate throughout the pandemic and the Trustees continued their support for a third year of their initial three year period. The Trustees also agreed to extend their support by committing to a second three year period and to increase their giving to £7,500 a year during this second period.

FoodCycle St Cuthberts is a branch of FoodCycle, a national charity which provides delicious communal three course meals for people at risk of food poverty and social isolation using surplus food. FoodCycle St Cuthberts is associated with St Cuthberts Church, West Hampstead whose Associate Vicar is a Liveryman and Court Assistant of the Basketmakers Company. The charity contributed £4,000 to the FoodCycle in the year, this being the second payment of an initial three year period, and agreed to increase this giving to £7,500 a year in future years.

THE BASKETMAKERS’ 2011 CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES

Grantmaking (continued)

During the year the list of charities was reviewed, as some had come to the end of their respective support periods. Four new charities were added to the list and the Sheriffs’ and Recorder’s Fund and FoodCycle were retained, the changes being effective from the start of the next reporting period. The charities added to the list were:

Crown and Manor Club is a Youth Club in Hackney, North London which provides sporting, academic & recreational activities for boys and young men.

GamCare provides information, advice & support for anyone affected by problem gambling and works to raise awareness of gambling related harms.

Glass Door Homeless Charity’s vision is a world where no one has to sleep on the streets of London, and is working every day to achieve this. By partnering with churches and community centres to provide shelter and support, Glass Door is committed to supporting people get and stay off the street.

XLP seeks to create positive futures for young people growing up on inner-city estates in London, addressing issues such as family breakdown, unemployment and educational failure in areas that experience high levels of anti-social behaviour and gang violence.

Smaller, additional grants continue to be made to a number of charities on a one-off basis, as chosen by the Trustees following submission of requests vetted by the Grant Application Administrator.

The charity has an ongoing commitment to St Margaret Pattens Church, currently £4,500 per annum.

An annual grant is made to the Lord Mayor’s Appeal.

The charity also supports basketmaking courses via the Basketmakers’ Association and the City Lit. It also offers bursaries to basketmakers wishing to enhance their skills by attending specialist courses.

Income sources

We are fortunate to have the support of the Worshipful Company of Basketmakers and their members who have been generous with their donations and in volunteering their support. The charity’s other principal income source is from income received on its investments.

THE BASKETMAKERS’ 2011 CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ACHIEVEMENT AND PERFORMANCE

Charitable activities

During the year the Charitable Trust made the following grants The Trade of Basketmaking, Bursaries Cockpit Arts Basketry of the Year Competition Support for External basketry courses Support for Basketry Showcase Support for external Basketry Exhibition Other The City of London: Sherrifs’ & Recorder’s Fund Livery Schools Link Lord Mayor’s Appeal St. Margaret Pattens Small charities, mainly in London: Magic Breakfast The Spires Centre Theatre Royal Stratford East Food Cycle St Cuthberts Bede House Association Blind in Business Build Up Foundation Childrens Heart Foundation Hackney Playbus Hackney Quest Half Moon Young People Live Unlimited MACS No Going Back Prisoners Advice Royal National Ins Spitalfield Crypt Trust St Andrews Club St Lukes Parochial Sudbury Neighbourhood Centre The Community Hub The Gifted Organisation The Maytree Respite Centre The New Bridge Foundation The Upper Room ( St Saviours) Tower Hamlets Parent Centre UK Music Masters Young Lewisham Project Other (five grants each of £500) Benevolence	£ 9,375 4,020 6,157 5,595 3,007 3,000 8,904 5,000 1,000 2,000 5,000 5,000 5,000 4,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 2,500	£ 40,058 8,000 4,500 19,000 26,500 868 £98,926	£ 40,058 8,000 4,500 19,000 26,500 868

St. Margaret Pattens

THE BASKETMAKERS 2011 CHARITABLE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

Investment performance

Our portfolio has produced an increase in total return of 7.4% over the last year (24.8% increase over 2020-2021).

Reserves review including policy

The Trust maintains income reserves to cover fluctuations in income and to enable it to meet requests for exceptional grants at short notice.

The Trustees have reviewed the reserves of the charity and have established a policy under which the free reserves held by the charity should be between three and four months projected annual expenditure, that is between £25,000 and £30,000.

The amount and timing of grants and donations made by the Charity is determined so that reserves can be maintained at the agreed level.

The Trust’s reserves and reserves policy is reviewed at least once every year.

At 31 March 2022 the free reserves were £60,070 (2021 £65,585).

The free reserves at the end of the year remain in excess of the budget. The trustees constantly seek to increase their activities, especially within the Basketmaking trade, to reduce the reserves to fit within the policy. The Charitable Trust will continue to sponsor activities related to the support to those affected by the Covid-19 pandemic in addition to its grants in accordance with its pre-Covid giving criteria.

Principal funding sources

We rely on our investment income and on the members of the Worshipful Company of Basketmakers for funding our grantmaking programme.

Investment policy and objectives

Our main investment objective is to maximise total return with an income bias whilst adopting a moderate approach to risk. We achieve this through investment in diversified common investment funds.

Conflict of Interest

The Trustees have a system in place to identify any conflicts of interests that may occur. When a conflict of interest arises, the relevant Trustee or Trustees agree to withdraw from any discussion and decision.

Going Concern

The Board of Trustees is of the opinion that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties regarding the Trust's ability to do so.

Public Benefit

The Trustees have referred to the Charity Commission's guidance on Public Benefit when reviewing their aims, objectives and planning their future activities.

THE BASKETMAKERS 2011 CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted fund £ 27,178 73,248 100,426 40,058 8,000 4,500 45,500 868 2,435 4,580	2022 2021 Restricted Endowment Total funds Total funds fund fund £ £ £ - 27,116 54,294 43,096 - - 73,249 70,745 - 27,116 127,542 113,841 - - 40,058 33,256 - - 8,000 9,500 - - 4,500 4,500 - - 45,500 50,500 - - 868 1,003 - - 2,435 2,350 - - 4,580 3,998 - - 105,941 105,107 ___ - 27,116 21,601 8,734 - 62,848 62,848 290,110 - 89,964 84,449 298,844 - 1,767,702 1,833,287 1,534,443 - 1,857,666 1,917,736 1,833,287	2022 2021 Restricted Endowment Total funds Total funds fund fund £ £ £ - 27,116 54,294 43,096 - - 73,249 70,745 - 27,116 127,542 113,841 - - 40,058 33,256 - - 8,000 9,500 - - 4,500 4,500 - - 45,500 50,500 - - 868 1,003 - - 2,435 2,350 - - 4,580 3,998 - - 105,941 105,107 ___ - 27,116 21,601 8,734 - 62,848 62,848 290,110 - 89,964 84,449 298,844 - 1,767,702 1,833,287 1,534,443 - 1,857,666 1,917,736 1,833,287	2022 2021 Restricted Endowment Total funds Total funds fund fund £ £ £ - 27,116 54,294 43,096 - - 73,249 70,745 - 27,116 127,542 113,841 - - 40,058 33,256 - - 8,000 9,500 - - 4,500 4,500 - - 45,500 50,500 - - 868 1,003 - - 2,435 2,350 - - 4,580 3,998 - - 105,941 105,107 ___ - 27,116 21,601 8,734 - 62,848 62,848 290,110 - 89,964 84,449 298,844 - 1,767,702 1,833,287 1,534,443 - 1,857,666 1,917,736 1,833,287	2022 2021 Restricted Endowment Total funds Total funds fund fund £ £ £ - 27,116 54,294 43,096 - - 73,249 70,745 - 27,116 127,542 113,841 - - 40,058 33,256 - - 8,000 9,500 - - 4,500 4,500 - - 45,500 50,500 - - 868 1,003 - - 2,435 2,350 - - 4,580 3,998 - - 105,941 105,107 ___ - 27,116 21,601 8,734 - 62,848 62,848 290,110 - 89,964 84,449 298,844 - 1,767,702 1,833,287 1,534,443 - 1,857,666 1,917,736 1,833,287

105,941	-		-	105,941
(5,515) - (5,515) 65,585 60,070	- - - - -	27,116 62,848 89,964 1,767,702 1,857,666		_ 21,601 62,848 84,449 1,833,287 1,917,736

All activities are continuing. There are no other gains or losses other than those shown above.

The notes form part of these financial statements

					2022		2021
		Unrestricted	Restricted	Endowment	Totalfunds	Totalfunds
	Note	fund {	fund {"	fund {"	I		{
FIXEDASSETS
Investments	8			1,,871,,793 1,871,793			1,,759,032
CURRENTASSETS
Debtors	9	23,1,22			23,1,22		18,195
Cashatbank		39.151		04.1,27\|25.024		58,683
		62,273		(14,127)	48,1,46		76,878
CREDITORS
Amountsfallingdue withinoneyear	10	2_203\|		2.203\|	2.623\|
							-
NETCURRENT
ASSETS/(LtABrLrTrES)		60,070		(,'14,1.27)	45,943		74,255
TOTALASSETS
LESSCURRENT	LIABILITIES60.070			1,-857,6661,,91,7.736			1,,833.287
NETASSETS		60,070		',,857,666	1,,917,736		1,,833,287
FUNDS	11,
Unrestrictedfunds					60,070		65,585
Endowmentfunds					1,,857.666		1,.767,702
TOTALFUNDS					1,,91,7,736',1,,833,287

THE BASKETMAKERS 2011 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. GENERAL INFORMATION

The charity is a public benefit entity which is incorporated in England and Wales. The address of its registered office is: Clay Hall, Clayhall Lane, Reigate, RH2 8LD.

2. ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of preparing the financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP(FRS102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Basketmakers 2011 Charitable Trust meets the definition of a public entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The Board of Trustees is of the opinion that the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties regarding the Trust's ability to do so.

Accounting convention

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of investments.

Taxation

The charity is exempt from Income Tax and Capital Gains Tax on its charitable activities

Donations and legacies

Donations and legacies are credited in the period in which the charity becomes entitled to them, and include related taxation recoverable. Donations and legacies of assets are valued when they are recognised in the accounts. Legacies are regarded as receivable when they can be quantified with reasonable accuracy, and when any conditions for receipt have been complied with.

Investment income

Dividends and interest on listed investments are accounted for when receivable. Other interest is taken into account on an accruals basis. All investment income is stated inclusive of any related taxation recoverable.

Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.

THE BASKETMAKERS 2011 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES – continued

Support costs

Support costs are those associated with the supporting of the charity not relating to fundraising, charitable activities or day to day management.

Cash and cash equivalents

Cash and cash equivalents includes cash and short term highly liquid investments with short term maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Fund accounting

Unrestricted funds

These are funds which are expended at the discretion of the Trustees in furtherance of the objects of the charity.

Restricted funds

Restricted funds are funds subject to specific trusts, which may only be expended in accordance with the conditions imposed by the donors.

Endowment funds

The charity has an expendable fund which is described as an endowment fund. It is derived from donations from individuals who have specified that they should be accumulated, or where donations exceed £10,000 and there is no restriction specified. The income is spent on the general charitable objects of the trust and the capital of the fund can be spent if the trustees so determine.

Investments

Investments are valued at mid-market value at the balance sheet date, with any differences in valuation being recorded through the Statement of Financial Activities.

Estimates and judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Trustees’ best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The trustees do not consider there to be any estimates and judgements.

Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value.

THE BASKETMAKERS 2011 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

3. DONATIONS AND LEGACIES

3. DONATIONS AND LEGACIES
Individual endowment donations - Gift Aid Individual endowment donations – GYE, KKL and CAF Individual unrestricted donations - Gift Aid Individual unrestricted donations - GYE, KKL and CAF Individual unrestricted donations – other Company and Trust unrestricted Bequests & Legacies 4. INVESTMENT INCOME Cazenove portfolio investment income Interest income 5. CHARITABLE ACTIVITIES COSTS The Trade of Basketmaking City of London charities St Margaret Pattens Small charities, mainly in London Benevolence 6. SUPPORT COSTS Trustee insurance Examiner’s remuneration Bookkeeping	2022 £ 5,918 750 19,524 3,945 3,709 0 20,448 54,294 ======== 2022 £ 73,143 105 73,248 ======== 2022 £ 40,058 8,000 4,500 45,500 868 98,926 ========= 2022 £ 205 1,590 640 2,435 ========	2021 £ 5,661 590 20,095 2,103 4,647 6,000 4,000 43,096 ========= 2021 £ 70,745 0 70,745 ======== 2021 £ 33,256 9,500 4,500 50,500 1,003 98,759 ======== 2021 £ 230 1,500 620 2,350 ========

THE BASKETMAKERS 2011 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

8. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1 April 2021
Purchases
Equalisation
Revaluations
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
There were no investment assets outside the UK.
SUTL Cazenove Charity Multi-Asset Fund - market value
Cazenove cash balance
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Due from Worshipful Co of Basketmakers -donations
Income tax
=
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors
Accrued expenses

Common investment
funds
£
1,759,032
50,000
(87)
62,848
1,871,793
================
1,871,793
===============
1,759,032
===============
£1,871,793
£18,056
2022
2021
£
£
0
267
23,122
17,928
23,122
18,195
========
=========
2022
2021
£
£
640
620
1,563
2,003
2,203
2,623
=======
=======

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

THE BASKETMAKERS 2011 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

11. MOVEMENT IN FUNDS

Unrestricted funds Unrestricted Endowment funds Expendable endowment fund TOTAL FUNDS	Net movement in funds At 1/4/21 £ £ 65,585 (5,515) 1,767,702 89,964 1,833,287 84,450 =========== ========	At 31/3/22 £ 60,070 1,857,666 1,917,736 ===========

Net movement in funds, included in the above are as follows:

		Income	Expenditure	Gains and	Movement
				Losses	in funds
		£	£	£	£
	Unrestricted funds
	Unrestricted	100,426	(105,941)	-	(5,515)
	Endowment fund
	Expendable endowment fund	27,116	-	62,848	89,964
	TOTAL FUNDS	127,543	(105,941)	62,848	84,450
		========	===========	=========	=========
11.	FINANCIAL INSTRUMENT
				2022	2021
				£	£
	Financial assets at fair value			1,871,793	1,759,032
	Financial assets at amortised cost			23,122	18,195
	Financial liabilities at amortised	cost		(2,203)	(2,623)

11. FINANCIAL INSTRUMENT

12. RELATED PARTY DISCLOSURE

The Worshipful Company of Basketmakers received individual charitable donations of £410 during the year 2021/22 and these were paid to the Charitable Trust in the year to 31.03.2022.

THE BASKETMAKERS 2011 CHARITABLE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

INCOME Donations and legacies Individual endowment donations - Gift Aid Individual endowment donations – GYE, KKL and CAF Individual unrestricted donations - Gift Aid Individual unrestricted donations - GYE, KKL and CAF Individual unrestricted donations – other Company and Trust unrestricted Bequests and Legacies Investment income Cazenove portfolio investment income Interest income Total income EXPENDITURE Charitable activities Grants to the trade of basketmaking Grants to City of London charities Grants to the Guild Church, St Margaret Pattens Grants to small charities, mostly from London Benevolence		2022 £ 5,918 750 19,524 3,945 3,709 0 20,448 54,294 =========== 73,143 105 73,248 ========= 127,542 40,058 8,000 4,500 45,500 868 98,926		2021 £ 5,661 590 20,095 2,103 4,647 6,000 _4,000 43,096 ========= 70,745 0 70,745 ========= 113,841 33,256 9,500 4,500 50,500 1,003 98,759

This page does not form part of the statutory financial statements

THE BASKETMAKERS 2011 CHARITABLE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Support costs Trustees insurance Examiner’s remuneration Bookkeeping Raising funds Investment management charges Bank charges Total expenditure Net income/(deficit) before investment gains/losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net income/(deficit) =

This page does not form part of the statutory financial statements