Charty num. 1141986 Worshipful Company Of Baskebnakers, 2011 Charitable Trust Unaudlted Tru8ts••' report and financlal 8tstoments For the yoar end•d 31 March 2026
Worshipful Company Of Baskotsnakern. 2011 Charitable Tnt Content• Page Reference and admlnl•traUv• (lotalls ol tho clIty. Its TnMt•o5 and advhern TTUStoe8' report Indepèndent oxamln0rf• r•F Slatement of financial acllvili Balance •heot Not•• to tho financl•l •tt•m 10-17
Worshlpful Company 018askolmakorn' 2011 Charltabk Tru8t Refornnce and admlnbtrallve detalls of the Clwity. its Tru•tWs and advisors For tho y•ar ond•d 31 PAarch 2025 Tru•ts Gr8ham Aslet Stephen Bovtsher Anne Hdden Philip Miles Dorothy Nv*lands of Lauriston Jing Li Jonathan Pyz RhartI Bum Annaliese Marshall Hedley French Iresgned 11 June 20251 Sasha lQer {apwnted 11 June 2025} Ch•rfty rngM•rnd numb•r 1141986 PrIncl1 ollk• 3 Stratton Marston Moretaine MK43 OXH Honorary Secr•tary Rthard Bum Accountant• Kreston Re8v88 LLP Charterod Accountants Sècond Fbor 168 Shoredrtch HwJh Street London E16RA Bank•r• PO Box 35 London SE11 Ind•p•nd•nt Examln•r Rthard Spofforth FCA l<reslon Reeves LLP Second Floor 168 Shtyeditch Hwjh Street London E16RA Grnnt Appllcatlon Admlnlstrator Jing Ll 56 Aotilla House 12 Cable Street Royal Wharf, Silvertry London E162SX Investmgnt Fund Managèrn Cozenove Capitsl Management 1 London Wall PLAce London EC2Y SAU Page 1
Wornhlpful COmnY Of Baskelmakorn. 2011 Charitable Tnt Trustees. rgport For the year •nded 31 IAarGh 2025 The Trustees present their annual reFrft tiNJether with the finan(aal stateftts of the Chanty for the year 1 April 2024 to 31 March 2025. •. ObJectlvH and alm• The Chaiity suprths: Charitable objectives related to the tr8de of Basketrnakn'ng including education and welfare. Charitable objedves relatsng to the City of London induding the Lord Mayols Appeal. The Guild Church, Sl Margaret Pattens. Small charitses fSed mainty in Londort. Benevolence for Company members and their dependents. Don86 to London tharities conts'nue to be concentrated on a restricted number of charrlie8, which alk)w8 the maintenance of better relationships wth those inVoed in running them. It abo help8 the Tru$l ensure fvnds are being used responsibly. Most support is proved to sockgl and welfare tyre chantres, Such as rehabililatson, 8ssistsnce to the homeless and care for the thjerty. pn'manty in the poorer areas of Londim. In seth'ng objectives and planning for athrties, the Trustees have given due considerdkn.on to general guidanr published by the Charity CommMM relats.ng to public benefiL induding the guidance 'Publlc benefit.. njnning Charity {PB21'. b. Slgnlflc•nt 4ctlvltb•• The objeth'ves, as detailed separely. contsnue to allcml the charity to be focusod in its grant making, and th• 8PFointment of 8 Grant Applic4bon Administrator continues to facilitate the handling of requests for assistance. The Basketmakers, competthn ¢xntinues to OFwate successfijlty. Four prizes totaling £4,500 were awarded with prizes given in ljolh the Tradrtional and Conternporary Basketry cate9ories. The charity supplies baskets to official dinner guests of the Worshipful Company of 8a¥ketrnaker¥ and 8pon8or8 the Prime Warden's Consort Days, al ol which promote the trade of basketmaking. kn annual bursary is al¥0 made to provide support to 80meon8 keen to pursue a development oppothnity Wh wll benefft their baskety practice. The Charity also works wlth Cothpit Arts. the Ules onty ¢reative business incubator for craftspeople. Our fundlng has enaed Cockpit Arts to offer places to profw.onal basketsnakers In each of the bast three years on their development programmes, enabling them to devek)p thdr busbnesse8. The Chanty were pleased to be able to provide %gnrflc4nty increased support to the baskekn8king trade with over 40% oflhe totsl grants made related to the trade. c. Grantmaklng The charity spong)red seven charities during the year gmng £4.500 to £7.5fXJ per annum e*h over a three year period, subject tr) satisfa¢tory annual rev. charity was reviewed by Iwo Trustees and a fvrther annual payment was agreed for each. During the year Ihe list of chant$ was revievd. as rne had to the end of their respecbve support periods. Four new tharitjes were added to the list and the Sheriff5' and Recordefs Fund and Food Cycle were retained. Going foThrnrd, the chariti'es reVing regular supsNJrt in thts way will be.. Shwiffs, & ReMfthrfs Fund SUPFQrts rehabiiitati.on of Fxisoners. An annual payTnent of £5,000 is made. Page 2
Wor6hlpfvl Company Of Baskelmakorn. 2011 CharKablo Trust
Tru8t•O8' report Icontinued}
For lh• year ondod 31 March 202S
Obiectlvos and actlvltlm (¢ontlnued)
FoodCy¢l• St Cuthb•rts is a branch of Fotyjcyde. a national charlty whith provides delicious communal three
course rrE¥l$ for F¢Op at nsk of focyj poverty and social iSot)n using surplus fofyj. Fc)dCycle St Cuthberts is
asswiated wrth St Cuthberts Church, West Hampstead whose Assco'ate Vur ts a Liveryman and Court
Assistsnt of the Basketrnakers Company. The chanty onginalty contributed £4,0¢)O a year to Fc)dcyCEe but
in¢reased this giving to £7,51)O a year for the current rwting year.
Crown and Alanor Club is a Youth aub in Hackney, North Lorthjon wfiith provKle8 Sporting, academlc and
recreatTrwl actrvities for LM)ys and young men.
Gamcarn provKles informatKJn, tthice & support for anyono affe¢ted ty problem gambling and works to raise
awareness of gambling related harn.
Glass Door Homeless charIty visn is a world where no one has to sleep on tha streets of London. and is
workiry every day to athieve this. By partnering wrth ¢hur¢has and communty centres to provide shelter and
support, Gla$$ Door 1$ committed to suppjrting people to get off and stay off the street
XLP seeks to creale positi've futures for young pw grrywing up on inner
Worshlpful Company Of Baskotmak•v8' 2011 Charitablg Trust Tru8te88' rnport (conUDu•d) For the yr ended 31 March 2025 Flnanclal revl8W a. Golng concern After making appropriate enquiries. the Trustees have a reasonable exFedakn'on thal the Charity has adequate resources to conkn.nue in operntional exBtenee for the foreseIe hjture. For this reason. they contsnLte to adopt the going concem basis in preparing the finanryal statements. Further detaib regarding the adopkn'on of the going coreM l)aws can be found in the mIntrng polin& b. Ru•rvo• polky Th8 Trust maintsins incom8 reserves to cover fludualSon8 in income and to enab it to meet requests for 8xc£pts'onal grants at short nth"ce. The Trustees re¥1ed the we88fVeS of the ctharlty aThl have establlstrd a poly under which the fre8 reserves held by thè charity should be b8twwi three and four months prolxted annual expenditure. that is between £25,0] and £30.000. The amount and timing of grants mth by tho Charity is deterniined 80 that res•rves can be maintained at the agreed level. The Trusvs reserves and reserves policy 18 revived at least on¢x ev•y yoar. At 31 March 2025 the free res•r¥88 were £32.995 (2024 £71.661). c. InvMtm•nt wrform•nce Our portfolio has pr3ced a total retum of 2.6% over the last year (11.42% galn over 202341. A8 81 the c108e on 31 sl Marth 2025 the investment portfolio was valued at £2,S04,747. d. Prlnclpal fundlng •our¢ We rety on our in¥eslment irKJTh and ijn the rrnmbers of the Worshlpfvl Company of Ba8ketmakers for funding our 9rantmakn.ng progr8mffe. We are very gratefvl for the lees re¢elved durlry the year. •. Invmtment pollcy and obJ•ctlv Our main investment obiectsve 18 to mwmise total return with an incon bias whilst adopts'ng a moderate approach to risk We athieve this thr<wgh investment in diver5rfied ¢ommn invesbr*ent fijnds. f. Confilct of Intor••l The Trustees have a system in pkn to Klgntsfy any eonflicts of interests that may occur. When a conflict of interest arises. the relevant Trustee or Trust agree to thdraW from any discussion and decision. . Future devolopments We knk forwar(I to increasing our fvndraislNJ and granlmaking both through allocatin9 addrtional resourc8$ to deal with requests for grant lunding and through improwng our online presence. h. Fundrnlslng We are mindfvl of the Code issued by the FUndraing Regur. We dKJ not use any third pae$ in our fundraising activibes and no compfaints vftre re1Vj in the year. Pa3e 4
Worshlpful Company 01 Baskolmakors. 2011 Charilabh Tryst Tru8t•W' fgport q¢ontlnuedl For th• y•ar endod 31 March 2025 Structure. goveman¢e and management . Constltutlon Worshipful Company Of Basketrmakers, 2011 Charrtable Trust is a registered chanty, numb8r 1141986, and Is consts'knjted and managed In accordan with the Trusl Deed of 16 Marth 2011. b. Rocruitinent and appolntrn•nt of Truste•• New Trustees of the Chartty are apw'ntwj by the exbtlng Trustees. The WhIpJl Company of Bask8tmaker8 has the power to rernove Trust68 c. Inductlon and tralnlng of now Tn Tnjstees 8r8 glven tt)è oppothnlty to attd traintng seminaTr are referred to th8 Charlty Commlsslon website. d. OryanlBatlonal •lruclur• The Trustee8 apwint a Chair from an)ng their nuntsr. They akn appoint an Honorary SeGretary, who may alxj .be Trusts8 and attend Trusts8 m8etiNJs. The Seryetary runs the tharity on a day404ay ba*8. •. Rolotsd p•rtl•• The Worshipful Ccrfnpany of Basketmakers is a Royal Chartor Company, number RC703. f. Rl•k m•nag•m•nt The Trustees have assessed the Mai risks to which the Chanty is exp)8ed. in particular those risks rolated to the oForation and finances of the chanty and are satssfied that systems are in pthe to mitigate expo$ur8 lo the major risks, although rt 13 recognised that systems can onty prov8 reasonable, not absolute, 8ssuran¢e. These systems are reV¥d at least once every year. The TNStees have identsfied the follw'ng as the rK1paI nsks frttd by Ihe Charty.. Rl8k• Identlll•d Underperfomanca of investrnts A¢tlon l•k•n to mlllgats th• rl•k Investments are managed by a Ing of InVeStnt Fund Managers Wh performance is monrtored by on8 of the Trustees and reiyJrted regularty to the Trustee body. Misfeasance of assets Al pents by the charity are approved by the Trustee b(ty and all payments made are authonsed by Trustees. Charitable giving is not used in the way intended All donations are approved ty the Trustee body. Wherever PC¥Ssible payments are onty made against retsipted invow. Regular payments are conditional on annual monitoring and Satigfathry perfOn8n and re-aulhorised annualty. g. Key Managoment Pernonnol The Trustees compnse the key ManeMent personnel of the thanty in charge of directing and controlling. running and operats.ng the charity on a day to day ba$k8. All give of their ts"nE freety. P¥5
Worshlpful Company 01 Ba8ketmakern' 2011 Charltabl• Tn1 Trusteos, roport l¢ontinued) For the year onded 31 March 2025 StatOmOllt of Trustsos. rosponsibi11tio9 The Truste8s afe responsib for preparing the Trustees. report and the financial statements wi accordance with applicable law and Unrted lQngdom Accountsng Standards (United lfjngdom Generalty Accepted Accounting Practice). The law appIable to thanties in England & Wales require8 the TnteeS to prepare finanal statements for each ffinancial year which gbve a true and fair ¥i&v of the state of affairs of the Chanty and of its incoming resources and application of resources. induding rts in¢ome and eXrendrtu, for that period. In prepaftng these fin8nckql statements. the Trustees are required to.. 8de¢t $uit8ble a¢¢ounting policies and then apply them consistenty.. observe the m8thods and pftnciples of the Charities SORP IFRS 1021", make judgments and auntIng estsmates that are reasonable and prudent.. stste whether applible UK Accounting Standards IFRS 1021 have n folkpwed. subl8Ct to any material departures dixlosed and eXained in the financaal statements" prepare the financial statents on the going ¢on¢em basis unl$ rt is inappropnats to pre$um¢ Ihal the Charity wil continue In isinesS. The TnJste8s are respmsible for keeping adequate accounting record9 that are sufficient to Show and explaln the Charitys transactions and disdos8 with r8asonabfe accuraw at any b'me the finanal position of the Charity and enable them to ensure that the finanoal ststements compty the Charit* Act 2011, the Charity (Accounts and Rawrtsl Regulat8 2C#)8 and the prow$)8 of thfr Trusl deed. They are also responsible for safeguarding th6 assets of the Charty and henct for tsking rnasonable steps for the prevention and deteCtn of fraud and other irregulanties. Approved ty order of the mernbers of Ihe board ofTfttsteo5 and Sign on their behalf by.. Anno Holden Trustse Date.. Page 6
V¥orshlpful Company 01 Ba8kotsn•korn' 2011 Charttable TnMt Indopondont examlnorfs roport For thg yoar gnd•d 31 Plarch 2025 Indopond•nt examlnerf8 roport to the TnmtO ol Wor8hlpful Company Of Ba$k¢tsnaknrn' 2011 Charftablo Trust IYh• Charlty.) I report to the chanty Truslees on my examination of Ihe accounts of the Charity for the year ended 31 March 2025. Responglbllloos and bas1• of report A$ the Tru$tsos of the Charity you are responsible for the preparatKm of the acwunts in aCrdanCe with the requirements of the Charibes Act 2011 Cthe 2011 Acr). I report in respect of my examinth.on of the charis accounts camed out under seth'on 145 of the 2011 Act and in carrying out my examination I have k41owed the applKable Direct5 gNen by the Charity Commission under section 145151{bl of the 2011 Act Independent oxamlnoff• •tat•m•nt Your attention is drawn to the fxt that the Chanty has prepared the xcounts in accordance with ACCOUnng and Reporting by charrt.. Ststemènt of Recommended Practtt applicable to charities prepanng their accounts In accordance wth the Financial Reports'ng Standard apF4icable in the UK and Republic of Ireland IFRS 102) in preferenc6 to the Accounttng and Rèporbng by Charities: Statement of Recommènded Practlce issued on 1 April 2005 which Is referred lo in the extant regulab'ons but has ffn wrtlKlrawn. l under8tsnd that this has been done in order for the accounts lo proVe a true and fair view in accordance with the Generalty AGcepted kcounting Pr8ctr"ce effeGb"ve for reFyb"ng ponods begirbning on or after 1 January 2019. I have completed my eXaminan. I confim that no matters have como to my attention in connection wth the exarninabon giving me uSe to believe th In any material respect.. accounts'ng records were not kept in r8SFd of the Charty as required by seth'on 130 ofthe 2011 Act; or the 8ccounts do not atrd wrth thos• r•cords', or the accounts do not cM)mpty wtih the applIcate requirerrnnts (rnIng the forni and content of accounts Set out in the Chanties (Accounts and ReForts) Regulations 2008 other than any requirem8nt that the aco)unts give a ,tn and fairf view whKh 18 not a Matter considered as part of an ind8pendent examinats'on. I have no concerns and have a¢ross no other rnattefs in connection wrth the examination to which attention should bo drawn in thts report in order to enable a proper ndSndIng of the accounts to be reached. This r&port i8 madè solety to the ChanVg Trustees. as a body, in acc#)rdance with Part 4 of the Charibes (Accounts and Reports} Regulations 2CQ8. My Vrk has boen und8rtaken so that I rnht state to the Charity's Trustees those matters l am required to stale to them in an Independenl examinerfs rep)rt and for no othgr purpose. To the fullest extent pemitted by law, I do r?t accept or assume reswnsibilty to anyone other than the Charity and the Charitys TnBtees as a body. for my Y>Tk or for this rewL Signed Dated: I /7/&zf Richard Spofforth Bsc FCA Kre8ton R••vo• LLP Charteréd Acuntants Second FkvJr 168 Shoreditch HvJh Street London E16RA
Wornhlpful Company Ot Ba$kotrnak•v8' 2011 Charltable Trust Slatomollt of Ilnanclal a¢tlvities For the year onded 31 Mar¢h 2025 As restated Total funds 2024 Total fvnds 2025 fund• 2025 funds 2026 Donatbjns and legacies Investwents 72.043 104.381 535,653 96,978 10<381 Total Incomo and •ndoThnts 176A24 176N24 632.631 Expondlturn on: Raising funds CharflalMe aclfvtties 6,007 173.538 7.788 116,225 173,538 Tolal •xp•nd1l• 179,545 179,645 124,013 Nat lèxpendltur8Vlncome before net 1108888ygalns on Inv08tments Not Ilossegllgainj on Invostments (3,121) 16,360) 13.1211 132,341) 508,618 144,333 125.9811 Not mov•mMrt In lund• 125,9811 {9A81) 135M82) 652,951 Ro¢onclllallon of lund8: Total funds brought foNRrd Not movement in fvnds 1.985,541 {25.981) 587,529 19A81 2,673,070 136,462) 1,920.119 652,951 Totsl funds urrled forward 1.959,560 578,048 2,537,608 2.573,070 The Statement of finar)dal aclivities indudes all gains and h)sse$ rwni8&I in y88r. The notes on pages 10 to 17 fomi part of the8e financ1 slateThnts. Page 8
WorshIp1 CrnnY Of Ba5kothHkern' 2011 Charltable Trust B•lan¢e $heot A8 at 31 Mah 2025 As restaled 2024 2025 Flxod 0880ts InvestmerrtS Current a•sot• 2,505293 2,501.409 Debtors Cash al bank and in hand 10 5,905 31,495 26.968 47.293 37AOO 74.261 Currnnl Ilabillti Creditors.. amounts falling due wrthin one year 11 12.6001 Not ¢urr•nl 48•0ts 32.316 71.861 T¢)tal not as••ts 2,537.608 2,573,070 Charfty funds Endowment funds Unrestricted funds 12 12 1.959.560 678,048 1,985,541 587,529 Totsl fund• 2.537,608 2.573,070 The financial statennts woro approv¢d and authori8ed for issuo by tho Trustoos and $ignod on their behalf by.. Anne Holden Trustee Date.. The notès on pa 10 to 17 fonn part ofthese finanual statennts. Page 9
Worshlpful Company Of Ba$kelrnake. 2011 Charltablo Trust Notos to the flnanclal 8taiem For the year ended 31 March 2025 G•n•rnl information The chanty ts a public bertfft entity which is InrIrated in England and Wales. The add$¥ of its re9iStered office is.. 3 Stratton. Marston Pkntaine. Bedford. MK43 OXH. Accounllng poUcl•• 2.1 Bas18 of prepnratlon of Ilnanclal •tat•nnts The flnanctal ststements have be wepared In &Irdance wrth the Charrtles SORP IFRS 1021 . Accountsng and RewJrb"ng by Charrbes.. Staternent ot Recommended Practice applicable to chantse8 preparing their attounts in accordance wrth trte Finanoal Re[.g StarKlard applicable in the UK and Republi¢ of Ilafid IFRS 102) {effe¢bve 1 January 2019), the Finanaal Reporhng Standard appluble in the UK and Republic of Ireland (FRS 102) and the Charlts Act 2011. The finanaal statements have bgen prepared to give a 'true and fairf vw and have departed from the Charits'g5 IA¢¢ounts and Reports) Regulations 2008 onty to th¢ oxtsnt rUred to provide a 'tNe and fairf vwi. This departure has invow foll0vng tha Charrties SORP IFRS 1021 published in October 2019 rather than the Acrounling and Reporting by Chanties.. Statement of Recommended Practice effeth've from 1 Awil 2005 which has since been wthdrawn. Worshipfvl Company Of Baskelmakers, 2011 Char51ablg Trust meets the definition of a PLbblic benefit entty under FRS 102. Assèts and lbill$ are initialty r¢¢ognised at historic cost or transaction value unless othepth8e Stated in the rel8vanl a(OUnting Tho finandal slatennts aro prosented in UK stsrting. which is th• chafity8 fvnctional ¢urr•n¢y, and rounded to the nearest pound. 22 Golng concern The Board of Trustee8 is of tho opinion that tho tharity ha$ adoquato r080urc•$ to ¢ont4nuo In operational existence for the foreseeatAe future and there are no material uncertainties regarding the Trusfs abllty to do so. As such the Trustees cont'nue to adopt the going (ncem basis of accounting In preparing the finan(xal statements. 2.3 Incom• AJI Income is re(xYJnised once the Charity has ent¢tiement to the incon, 11 Is probable that the income will be re¢wved and the amount of in¢om recervable can be measured relkqbly. The reccJnilfv)n of InMe from legleS is dependent on establtshing entlernent, the probability of receipt artd the abilty to esb'mate wth sufficwil accurw the amount receNable. EvKlence of entsdement to a legacy exists then the Chanty has sufficient evidence that a gfft has been left to them (through knowledge of the extstence of a Val will and the death of the benefactor} and the executor B sats'sfied that the property in questson not be required to sab'sfy claims in the estate. Reeapt of a legacy must be rewgntsed when rt is probable thal rt wtll be received and the fair value of the amount receNatAe. whth will 9eneralty be the expected cash amount to be distn'buted lo the Charty. Can be fdiatty sUred. Grants are IndUd In the Slatement of financlal &*vlties on a recelvable basls. The balance of income received for speCff pur[ bLrt not expended during the peritjj is shown in the revant frjnds on Ihe BaLqnce sheet Where income is received in advance of entsllement of receipt, its recognibon ts deferred and Includ in creditors 88 deferred income. Where entitlement occurs before incoTh is [l¥ed. the InMe is xn. Income tsx reo)verable in lat to investment inc4)me ks recognised at the me the investment income is receivable. Page 10
Worshlpful Company 01 Basketmakorn. 2011 Charllabl8 Tnmt Notes to the flnan¢W stateme For th• y•ar endod 31 March 2025 Aceountlng pollcle• Icontlnuod} 14 Expendltur• Expendrture 1$ recognised once there is a legal or Constructive oblig8tson lo transfer economic benefit to a third paty. it is probable that a transfer of enoMiC b8n8ffts 11 be required in settlement and the amount of the obluation can te measured reliably. Expendrture is Classified by ath'vity. The costs of each a¢tswty are made up of the tol81 of dif costs and shared costs, including support ¢osts involved in underta.ng each acw. Dire(# costs attributab to a single actsvity are allocated direcuy to that activty. Shared Costs whth o)ntribute to more than activity and support costs which are not attributsble to a ngl8 acaivty are aPportn befvn thosè ath'vities on a basis consistent with the use of SoUr$. Exp8nditure on raising fijnds indudes all expeThJrture incurred by the Chanty to raise funds for its charitable purposes and indudes costs of all fUndrain9 xbvits&s events and non<haritable trading. Expenditure on charitable activilios is intxrrnd on direcdy Undertan9 the activiti'es which furthor the CharW8 obje¢tive$, as well as any associated support (y)sts. All expendrture is induspie of wrecoverable VAT. 2.6 Int•ro•t r•c•lvabl• Interest on funds hetd on deposit is included when receNable and the amount ean be measured r8lkqbty by the Charity. this is normalty up)n nob"fi¢ats'on of the interest paid or payable by the instsOn with whom the fvnd$ are depod. 2.6 T•xatknn The Charty is Condered to pass the tosts set oul in paragra 1 Schedule 6 of the Financè Act 2010 and the10 it meets the definiknon of a charitable company for UK corporation tax purpose8. A¢cordingty, the Charty is Fthtialty exempt from tayation in re$pe¢t of income or capltal gains received wrthin c8tegories (Vered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Secb'on 256 of the Taxation of Chargeable Gain8 Act 1992, to the extant that such Income or gains are applied exclussvety to charrtable purpo. 2.7 Inve8tmont• Fixed asset investrnents a a form of financ instrument and a initsalty re(nised at their transaCtiC cost and subsequenty measured at fair value at the Balance Sheet date, unless the value cannot be measured llabty in whth case it is measured at cost less impaimnl. Investment g8ins and losses, whether realised or unrealised, are (¥)mbir and presented a$ 'GainsllLossesl on investsns, in the Statement of finan¢01 a¢bvEbes. 2A Debtor• Trade and other debtors are reeognised at the settlement amount after any trade di8count offered. Prepayments are valued at the amount prepaid net ot any tr*Je di9Unts due. 2.9 C48h at bank and In hand Cash at bank and in hand indudes $h orKI short4eTm highty INuid investments wrth a short maturty of three months (Y18ss from the date of a(4UiSitbx or opening of the deptyt or Similar account. Page 11
Wornhlpful Company Of Batskalmakers. 2011 Charltablo Trust Note• to the finan¢lal statements For the yur end¢d 31 March 2025 Accountlng pollcl•8 IntInued) 2.10 Uabllltl•8 and provl810 Liabilitres are reccgr¢ised when there is an obligatk)n at the Balance sheet dale as a result of a past event. r( is probable that a transfer of economic benefit will be required in 5ettlemen( and the amount of the sethement can be ests"mated kbly. Liaknlitr'es are at the amount thai the Charity anticipates it will pay to setdo the debt or the amount it has received as advanced payrnents for the goc#J$ or servtts il must PfOVKIe. Pmwsions are measured at ts best ests'ffote of the amounts required to seiue the obligation. Where the effect of the lime value of money is material, the provision 1$ based on the psent value of those amounts, discounted at the pre-tax dixount rate that reflects the risks specth¢ to the liability. The unwinding of the discount is recognised In tho Statement of finanoal a¢bvibos a$ a finance cost. 2.11 Flnancl•l Imtrumonts The Chanty onty has finawal assets and financtal liabilities of a kind that qualfy as basic financlal ingtruments. Basic financhql instruments are initialty reco9nised at transaction value gnd subsequently measured at their settlement value wrth Ihe exceptron of b8nk loans whrtt are subsequenly measured at amorti5ed o)st using the effects.ve interest method. 2.12 Fund a¢countlng The¥e are fvnds which are eXF¢nded at the disryetron of the TNsteeg in fijrtherance of the objects of the thanty. Restricted funds are funds subj'ec lo swcrfic trusts, wh may onty bo expended tn a¢cordanc• wrth the conditions imposed ty tho donor& The tharity has an expendat4e entYryment ffijnd deriv from doftat4on$ from IndivhJu81s who have specified that ttiey should be aCmUlated and from Ihe Worshipful Company of Basketmakers Charitsble Trust. The income Is spent on the general c*witsb18 obpc18 of the trust and the capital of the fijnd can b8 spent rf the trustees so detsrmin8. Investment income. gain8 and losse5 are alkKated to the appropnate fund. Incomo from donatlom and legaclo8 Total fvnd8 2026 Totsl fvnds 2024 fund• 2026 Donations Bequests and Legacieg 30,299 41.744 30,653 505.000 41.744 72.043 72,043 535,653 Totsl 2024 535.653 535,653 Page 12
worshi Company Of B•skotmakorn' 2011 Charltable TnMt Notes to the financlal statements For tho y•ar ended 31 March 2025 Donatlo Total funds 2025 Total nds 2024 funds 2025 Individual endowment donalions- Gfft Aid IndIvUal unrestricted donatb)ns- Gift AKI IndIval unrestricted donations- GYE. KKL and CAF Indivtdual unrestricted donations- other Company and Trust unrestricted donations 1,859 23.635 2,270 2,485 50 1,859 23,635 2,270 2N85 5,144 22,579 110 2,820 30,299 30.299 30,653 Invgslment Income Total fund¥ 2025 Total funds 2024 fund• 2025 Cazenove portfol Invesbnent incrAne Interest incom? 103,632 749 103,632 749 95,863 1,115 104.381 104,381 96.978 Total 2024 96,978 96,978 Expendlturn on rnl•lng funds Unr••tri¢tod fund• 2025 Totsl funds 2025 Total Jnds 2024 Investment Trwnageffnt fees Bank ¢harge8 5,969 7,759 29 6,7 6,007 7,788 Total 2024 7.788 7.788 Page 13
Wornhipfvl Company Of Baskglmakorn. 2011 Ch•rhabh Trust Note8 to the Ilnanclal statements For the year onded 31 March 2025 Anatysis of axpondltur• by a¢livit As restated Totsl fijnds 2024 undertaken dlrectty 2025 Support costs Tolal funds 2025 2025 Charitsble activtties costs 162.947 10.591 173,638 116,225 Total 2024 as r•8tated 112.228 3,997 118.225 Anaty¥ls of dlrect ¢(t• Total fund 2025 Total fvnds 2024 2025 The Trade of Basketmaking St Margaret Patten$ Small charities, mainty in London Benevolen¢• 75.613 6.4C 79.853 1.081 75,613 41,368 6,400 57,860 6,800 79,8S3 1,081 162.047 162,947 112,228 Total 2024 112.228 112,228 Anaty81¥ of •upport co•ts As restated Total funds 2024 Total fund8 2025 A¢Uvltl•s 2025 Trustee insurance Legal fees Examine¢s remun8ratton Other Bookkeeping Administration o)sts 329 410 720 1,700 1153) 1,320 3,250 224 2,288 3260 224 2,288 4,500 10.591 10.591 3,997 Totsl 2024 a5 restated 3.997 3.997 Page 14
Wovshlpful Company Of Ba8kolmakor8' 2011 Charltablo Tn•t Notm to the financlal •tatsments For the year ended 31 Morch 2025 Ind•p•ndwrt oxamln•rf$ rnmun•ratlon The independent examinefs reIlnerab.On amnts to an independent examiner fee of £1,750 (2024 - £1.700) and accounts preparalTh) fee of £83012024: £Nil). During the year, no Trustees red any remuneration or other b8nefits {2024- £NIL). During the year ended 31 Marth 2025, no Trustee expenses have been 1njrred {2024 - £NILI. Flx•d 488•1 Invo8tsMnts L18t•d Inve8tmonts Co•t or valuatlon At 1 Awll 2024 Additions Disp0881s Revaluations 2,499,908 40,000 12,2741 {32,3411 At 31 March 2025 2.505.293 book valu• At 31 March 2025 2,505,293 At 31 March 2024 2,499.908 10. Debtor• 2025 2024 Dua wlthln one yr Prepayments and acuwd Tax recoverable 224 26,744 26,968 11. Credttor8: Amounts falllng due wlthln one yw 2025 2024 Accruals and deferred in(x)me 5,085 2.600 Page 15
Wornhlpful Company Of Bask•bkora. 2011 Ch1{ab Trust Notes to the Ilnanclal statements For the year MIed 31 IAarch 2025 11 Statement of lund$ Statgmgnt of fund8- ¢UnWbt yo•r Balance al 31 Maich 2025 Balance at 1 Aprfl 2024 Galn Inc4xn• Expendllurn (Lomes) Unro•trlcted fund• Unrestricted 587,529 176A24 1179,5451 (6,360) 578,048 EndOOnt fund• Expenda1• endent fund 1,985,541 125,9811 1,959,560 Total of fund• 2.573,070 176,424 1179,545) (32A411 2,537,608 8t•t•m•rt of fund•. prlor ymr As re$tslad Balance 81 31 Mar¢h 2024 Balance at 1 April 2023 As $tated Income Expendlture Gainpj (Losses) Unro•trlctod fund• Unrestricted 48.743 632.631 (124.014) 30,169 587,529 Endowmont fvnd• Expendab endowTnent fund 1,871,376 114,185 1,985,541 Total of funds 1,¥20.119 632,e31 {124,0141 144,334 2,573,070 Page 16
Worshlpful Company Of Bask8tmakefS' 2011 Charhable Tn*t Notss to tho flnanclal Statements For the year •nded 31 IA•rch 2025 13. Anaty$l• of not as8•ts bfjtlbwn lund An411 of not assets bgtWOon fund8- current yoar Endtr•rnient Unr¢•trlcted funds funds 2025 2025 Totsl fund8 2025 Fixed asset investrnents Current assets Creditors due within year 1,959,560 519.052 64,081 (5.085) 2A78.612 64,081 {5.085) Totsl 1,959.560 578,048 2,537,608 Anaty•l• of net a8••ts b•In fvnd•- prlor y•ar Endomnent Unr8Stricted Jnd$ funds 2024 2024 funds 2024 Fixed asset investrnents Current assets Credrtor8 due within year 1.985,541 515,868 74.261 12.6Crf)) 2,501,409 74,261 12,800) Total 1.985.541 587.529 2,573,070 14. Don8tlon$ r6¢eived from Trustees during the year awK)unted to £5.43512024.. £4,980). Ouring the period, the Worshipful Ctynpany of Basketrnaker¥ recefved Indfvldual charllable don8t4on$ of £Nil {2024. £650). There were no other transth8 with rel8bJ parties in the wrn1 or prior year. Page 17