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|ReportoftheTrustees|1to8|
|ReportoftheIndependentExaminer|o|
|StatementofFinancialActivities|10|
|BalanceSheet|11|
|NotestotheFinancialStatements|12to16|
|DetailedStatementofFinancialActivities|17to18|
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Riskidentified|
Actiontakentomitigatetherisk|
|---|---|
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Underperformanceof|
InvestmentsaremanagedbyaleadingfirmofInvestment|
|investments|FundManagerswhoseperformanceismonitoredbyoneof|
||theTrusteesandreportedregularlytotheTrusteebody.|
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Misfeasanceofassets|
AllpaymentsbythecharityareapprovedbytheTrustee|
||bodyandallpayments madeareauthorisedbytwoTrustees.|
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Charitablegivingisnotused
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AlldonationsareapprovedbytheTrusteebody.Wherever
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|inthewayintended
|possiblepaymentsareonlymadeagainstreceiptedinvoices.
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||Regularpaymentsareconditionalonannualmonitoringand
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||satisfactoryperformanceandarere-authorisedannually.
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Covid-19pandemic|
Seebelow.|
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|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|
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|||||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
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|||||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|
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|ONATIONSANDLEGACIES||
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||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|
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|TheTradeofBasketmaking
CityofLondoncharities
StMargaretPattens
Smallcharities,mainlyinLondon
Benevolence|34,622
5,000
4,500
69,000
1,026
114,148|
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|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.
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||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|
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||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)|||