2023-03-31-accounts - Worshipful Company Of Basketmakers 2011 Charitable Trust

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	Page
ReportoftheTrustees	1to8
ReportoftheIndependentExaminer	o
StatementofFinancialActivities	10
BalanceSheet	11
NotestotheFinancialStatements	12to16
DetailedStatementofFinancialActivities	17to18

Riskidentified	Actiontakentomitigatetherisk
Underperformanceof	InvestmentsaremanagedbyaleadingfirmofInvestment
investments	FundManagerswhoseperformanceismonitoredbyoneof
	theTrusteesandreportedregularlytotheTrusteebody.
Misfeasanceofassets	AllpaymentsbythecharityareapprovedbytheTrustee
	bodyandallpayments madeareauthorisedbytwoTrustees.
Charitablegivingisnotused	AlldonationsareapprovedbytheTrusteebody.Wherever
inthewayintended	possiblepaymentsareonlymadeagainstreceiptedinvoices.
	Regularpaymentsareconditionalonannualmonitoringand
	satisfactoryperformanceandarere-authorisedannually.
Covid-19pandemic	Seebelow.

TheTradeofBasketmaking, Bursaries(includingfundingforBasketryAssociationGrants) BasketryAssociationGranttofundbookreprint BasketryCompetition EventFunding TradeAdvisor Other	8,400 5,000 5,270 6,500 2,500 6,952	34,622
TheCityofLondon:
LiveryFoodInitiative	5.000	5,000
St.MargaretPattens		4,500
Smallcharities,mainlyinLondon CrownandManorBoysClub FoodCycleStCuthberts GamCare GlassDoorHomeless MagicBreakfast MagicalTaxiTour XPL	7,500 7,500 7,500 7,500 5,000 4,500 7,500
ActionforKids ApolloMusicProject Groundswell HandicappedChildren HappyKids JennaWilkinsFoundation OnlyConnect StCuthbert’sCentre StPeter’sChurch,DeBeauvoir StepneyCommunityTrust SuitedandBootedCentre SydenhamGardens Talent-EdEducation TheodoraChildren’sCharity TurningCorners YoungandInspiredLtd Benevolence	2,000 2,000 1,000 1,500 1,000 500 1,000 1,000 1,000 2,000 2,000 2,000 1,500 1,000 1,000 1,500	47,000 22,000 1,026
TOTAL		£114,148

				2023	2022
		Unrestricted	Endowment	Totalfunds	Totalfunds
Note		fund £	fund £	£	£
INCOMEFROM:
Donationsandlegacies	3	31,674	170,891	202,565	54,294
Investments	4	78,730	-	78,730	73,249
Totalincome		110,404	170,891	281,295	127,542
EXPENDITUREON:
Charitableactivities	5/6
Thetradeofbasketmaking		34,622	-	34,622	40,058
CityofLondoncharities		5,000	-	5,000	8,000
StMargaretPattens		4,500	-	4,500	4,500
Smallcharities,mostlyfrom	London	69,000	-	69,000	45,500
Benevolence		1,026	-	1,026	868
SupportCosts		2,925	-	2,925	2,435
RaisingFunds		4,658	-	4,658	4,580
Totalexpenditure		121,731	-	121,731	105,941
Netincome/(expenditure)		(11,327)	170,891	159,564	21,601
beforegainsoninvestments
Otherrecognisedgains/(losses) Netgains/(losses)oninvestments		-	(157,181)	(157,181)	62,848
Netmovementinfunds		(11,327)	13,710	2,383	84,499
Totalfundsbroughtforward		60,070	1,857,666	1,917,736	1,833,287
TOTALFUNDS
CARRIEDFORWARD		48,743	1,871,376	1,920,119	1,917,736

				2023	2022
		Unrestricted	Endowment	Total funds	Totalfunds
		fund	fund
	Note	£	£	£	£
FIXEDASSETS
Investments	8	~	1,878,674	1,878,674	1,871,793
CURRENTASSETS
Debtors	9	21,897	=	21,897	23,123
Cashatbank		29,355	(7,298)	22,057	25,024
		51,252	(7,298)	43,954	48,147
CREDITORS
Amountsfallingdue
withinoneyeat	10	(2,508)	-	(2,508)	(2,203)
NETCURRENT
ASSETS/(LIABILITIES)		48,744	(7,298)	41,446
TOTALASSETS
LESSCURRENTLIABILITIES48,744			1,871,376	1,920,120	1,917,737
NETASSETS		48,744	1,871,376	1,919,915	1,917,736
FUNDS	11
Unrestrictedfunds				48,744	60,070
Endowmentfunds				1,871,376	1,857,666
TOTALFUNDS				1,920,120	1,917,736

ONATIONSANDLEGACIES
	2023
	£
Individualendowmentdonations-GiftAid	6,649
Individualendowmentdonations—GYE,KKLandCAF	0
Individualunrestricteddonations-GiftAid	26,597
Individualunrestricteddonations-GYE,KKLandCAF	720
Individualunrestricteddonations—other	2,581
CompanyandTrustunrestricted	775
Bequests&Legacies	165,242
	202,564

TheTradeofBasketmaking CityofLondoncharities StMargaretPattens Smallcharities,mainlyinLondon Benevolence	34,622 5,000 4,500 69,000 1,026 114,148

8.	FIXEDASSETINVESTMENTS
		Commoninvestment
			funds
			£
	MARKETVALUE
	At1April2022		1,871,793
	Purchases		164,713
	Equalisation		(651)
	Revaluations		(157,181)
	At31March2023		1,878,674
	NETBOOKVALUE
	At31March2023		1,878,674
	At31March2022		1,871,793
	TherewerenoinvestmentassetsoutsidetheUK.
	SUTLCazenoveCharityMulti-AssetFund-marketvalue		£1,878,674
	Cazenovecashbalance		£20,252
9.	DEBTORS:AMOUNTSFALLINGDUEWITHINONEYEAR
		2023	2022
		£	£
	DuefromWorshipfulCoofBasketmakers-donations	205	0
	Incometax	21,692	23,122
		21,897	23,122
10.	CREDITORS:AMOUNTSFALLINGDUEWITHINONEYEAR
		2023	2022
		£	£
	Creditors	680	640
	Accruedexpenses	1,828	1,563
		2,508	2,203

THE BASKETMAKERS 2011 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2023

11. MOVEMENT IN FUNDS

Unrestricted funds Unrestricted Endowment funds Expendable endowment fund TOTAL FUNDS	Net movement in funds At 1/4/22 At 31/3/23 £ £ £ 60,070 (11,327) 48,743 1,857,666 13,710 1,871,376 1,917,736 2,383 1,920,119 =========== ======== ===========

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

		Income	Expenditure	Gains and	Movement
				Losses	in funds
		£	£	£	£
	Unrestricted funds
	Unrestricted	110,404	(121,731)	-	(11,327)
	Endowment fund
	Expendable endowment fund	170,891	-	(157,181)	13,710
	TOTAL FUNDS	281,295	(121,731)	(157,181)	2,383
		========	===========	=========	=========
12.	FINANCIAL INSTRUMENT
				2023	2022
				£	£
	Financial assets at fair value			1,878,674	1,871,793
	Financial assets at amortised cost			21,897	23,122
	Financial liabilities at amortised cost			(2,508)	(2,203)

12. FINANCIAL INSTRUMENT

13. RELATED PARTY DISCLOSURE

The Worshipful Company of Basketmakers received individual charitable donations of £205 during the year 2022/23 and these were paid to the Charitable Trust after 31.03.2023.

	2023	2022
INCOME
Donationsandlegacies
Individualendowmentdonations-GiftAid
Individualendowmentdonations-GYE,KKLandCAF
Individualunrestricteddonations-GiftAid
Individualunrestricteddonations-GYE,KKLandCAF
Individualunrestricteddonations—other
CompanyandTrustunrestricted
BequestsandLegacies
Investmentincome
Cazenoveportfolioinvestmentincome
Interestincome
Totalincome	281,295
EXPENDITURE
Charitableactivities Grantstothetradeofbasketmaking GrantstoCityofLondoncharities GrantstotheGuildChurch,StMargaretPattens Grantstosmallcharities,mostlyfromLondon Benevolence	34,622 5,000 4,500 69,000 1,026	40,058 8,000 4,500 45,500 868
	114,148	98,926

	2023	2022
Supportcosts
‘Trusteesinsurance	205	205
LegalFees	420	0
Examinet’sremuneration	1,620	1,590
Bookkeeping	680	640
	2,925	2,435
Raisingfunds
Investmentmanagementcharges	4,510	4,452
Bankcharges	148	128
	4,658	4,580
Totalexpenditure	121,731	105,941
Netincome/(deficit)beforeinvestmentgains/losses	159,564	21,601
Realisedrecognisedgainsandlosses
Realised(losses)/gainsonfixedassetinvestments	(157,181)
Netincome/(deficit)