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 Tn*t
Content•
Page
Reference and admlnl•traUv• (lotalls ol tho c￿lIty. Its TnMt•o5 and advhern
TTUStoe8' report
Indepèndent oxamln0rf• r•F
Slatement of financial acllvili
Balance •heot
Not•• to tho financl•l •t*t•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
R￿hartI Bum
Annaliese Marshall
Hedley French Iresgned 11 June 20251
Sasha lQer {apwnted 11 June 2025}
Ch•rfty rngM•rnd
numb•r
1141986
PrIncl￿1 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 COm￿nY Of Baskelmakorn. 2011 Charitable Tn￿t
Trustees. rgport
For the year •nded 31 IAarGh 2025
The Trustees present their annual reFrf*t tiNJether with the finan(aal stateft￿ts 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 f￿Sed mainty in Londort.
Benevolence for Company members and their dependents.
Don8￿6 to London tharities conts'nue to be concentrated on a restricted number of charrlie8, which alk)w8 the
maintenance of better relationships wth those inVo￿ed in running them. It abo help8 the Tru$l ensure fvnds are
being used responsibly. Most support is prov￿ed to sockgl and welfare tyre chantres, Such as rehabililatson,
8ssistsnce to the homeless and care for the thjerty. pn'manty in the poorer areas of Londim.
In seth'ng objectives and planning for athrties, the Trustees have given due considerdkn.on to general guidanr
published by the Charity CommMM relats.ng to public benefiL induding the guidance 'Publlc benefit.. njnning
Charity {PB21'.
b. Slgnlflc•nt 4ctlvltb••
The objeth'ves, as detailed separ*ely. contsnue to allcml the charity to be focusod in its grant making, and th•
8PFointment of 8 Grant Applic4bon Administrator continues to facilitate the handling of requests for assistance.
The Basketmakers, competthn ¢xntinues to OFwate successfijlty. Four prizes totaling £4,500 were awarded
with prizes given in ljolh the Tradrtional and Conternporary Basketry cate9ories.
The charity supplies baskets to official dinner guests of the Worshipful Company of 8a¥ketrnaker¥ and 8pon8or8
the Prime Warden's Consort Days, al ol which promote the trade of basketmaking. kn annual bursary is al¥0
made to provide support to 80meon8 keen to pursue a development oppothnity Wh￿ wll benefft their
baskety practice.
The Charity also works wlth Cothpit Arts. the Ules onty ¢reative business incubator for craftspeople. Our fundlng
has ena￿ed Cockpit Arts to offer places to profw.onal basketsnakers In each of the bast three years on their
development programmes, enabling them to devek)p thdr busbnesse8.
The Chanty were pleased to be able to provide %gnrflc4nty increased support to the baskekn8king trade with
over 40% oflhe totsl grants made related to the trade.
c. Grantmaklng
The charity spong)red seven charities during the year gmng £4.500 to £7.5fXJ per annum e*h over a three year
period, subject tr) satisfa¢tory annual rev￿￿. charity was reviewed by Iwo Trustees and a fvrther annual
payment was agreed for each.
During the year Ihe list of chant￿$ was reviev￿d. 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 re￿Ving 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 iSo￿t￿)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￿ vis￿n 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<rty estates In London, addressirvJ
Issues such as family breakdown. unemF4oyment and &lucatsonal tdilure wi areas that eXp￿nCe h￿h levels of
anti-social behaviour and gang violence.
Crown and Manor Club, Gam Care. Glass Door Homeless Charlty and XLP all received £7,500 in the reportlng
year.
In 202516 it 1$ 9nvisa￿d that regular giving will ￿ Intst￿ to three ne4V chantie8'. the Bursary Fund 8t I￿￿ the
City of London School and the Cty of London Gids Schcd to help provide places for under privileged children at
these schools based within the Cty and supported by the Cty of London Corporatson,. and to lQ'ngslon Churches
Action on Hom8lessn8ss, sUppO￿.ng the homeless in the Kingston area of Wesl London. The current Prime
Warden of the Worshipful Company of Baskotrnakers is a Trustee of the last-mentloned charlty.
The charity has an ongolng commlbrtnt lo St Margaret Patten8 Church.
An annu81 grant 19 n￿e to th8 Lord Mayols Appeal.
The charity supports ba$ketmaking courses via the Ba$kelffokers' Assoclation and tt19 Cty It also offers
bursaries to basketmakers wishing to enhance their skills by attending specialist o)urse$.
Smallar, addltloTTral grants conlnue to be made to Soveral th¥rib¢s on 8 one-off ba$i8. 98 c4)oson by tho TrustO88
following submission of requests vett8d by the Grant ApplicatK>n Administrator.
d. Income •ource•
We are fortunate to have the support of the Worshipful Company of Baskelmakers and their members who have
been gènerous their donations and in volunteering thebr supporL The Charty8 other principal income 8ourco
is from Income recewed on its inv8stments.
The Charity continues to benefft from many Ba$ketnwkers ha¥ing increased their regular giving or made onepoff
donations We are very gr*lul to those have (￿nts"n￿ed to respond in this way.
Page 3

Worshlpful Company Of Baskotmak•v8' 2011 Charitablg Trust
Tru8te88' rnport (conUDu•d)
For the y￿r 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 forese￿Ie 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
cor￿eM 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¥1*￿ed the we88fVeS of the ctharlty aThl have establlstr￿d 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 reviv*ed 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 pr￿3￿ced 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 le*es 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 FUndrai￿ng Regu￿r. We dKJ not use any third pa￿e$ in our
fundraising activibes and no compfaints vftre re￿1V￿j 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 W￿hIp￿Jl Company of Bask8tmaker8
has the power to rernove Trust68
c. Inductlon and tralnlng of now Tn
Tnjstees 8r8 glven tt)è oppothnlty to att￿d 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$ur8 lo the
major risks, although rt 13 recognised that systems can onty prov￿8 reasonable, not absolute, 8ssuran¢e. These
systems are reV￿¥￿d at least once every year.
The TNStees have identsfied the follw'ng as the ￿rK1paI nsks frttd by Ihe Charty..
Rl8k• Identlll•d
Underperfomanca of investrn￿ts
A¢tlon l•k•n to mlllgats th• rl•k
Investments are managed by a ￿Ing of InVeSt￿nt
Fund Managers Wh￿ performance is monrtored by on8 of
the Trustees and reiyJrted regularty to the Trustee body.
Misfeasance of assets
Al p￿ents by the charity are approved by the Trustee
b(ty and all payments made are authonsed by
Trustees.
Charitable giving is not used in the way intended All donations are approved ty the Trustee body. Wherever
PC¥Ssible payments are onty made against retsipted
invow. Regular payments are conditional on annual
monitoring and Satigfathry perfOn￿8n￿ and re-aulhorised
annualty.
g. Key Managoment Pernonnol
The Trustees compnse the key Man￿eMent personnel of the thanty in charge of directing and controlling.
running and operats.ng the charity on a day to day ba$k8. All give of their ts"nE freety.
P¥5

Worshlpful Company 01 Ba8ketmakern' 2011 Charltabl• Tn￿1
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 appI￿able to thanties in England & Wales require8 the Tn￿teeS to prepare finan￿al 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 $uit8ble a¢¢ounting policies and then apply them consistenty..
observe the m8thods and pftnciples of the Charities SORP IFRS 1021",
make judgments and a￿untIng estsmates that are reasonable and prudent..
stste whether appli￿ble UK Accounting Standards IFRS 1021 have ￿￿n folkpwed. subl8Ct to any material
departures dixlosed and eX￿ained in the financaal statements"
prepare the financial state￿￿nts on the going ¢on¢em basis unl￿$ rt is inappropnats to pre$um¢ Ihal the
Charity wil continue In i￿sinesS.
The TnJste8s are respmsible for keeping adequate accounting record9 that are sufficient to Show and explaln
the Charitys transactions and disdos8 with r8asonabfe accuraw at any b'me the finan￿al position of the Charity
and enable them to ensure that the finanoal ststements compty the Charit* Act 2011, the Charity
(Accounts and Rawrtsl Regulat￿8 2C#)8 and the prow$￿)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 deteCt￿n 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 aC￿rdanCe with the
requirements of the Charibes Act 2011 Cthe 2011 Acr).
I report in respect of my examinth.on of the chari￿s accounts camed out under seth'on 145 of the 2011 Act and
in carrying out my examination I have k41owed the applKable Direct￿5 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 ACCOUn￿ng 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 proV￿e a true and fair view in accordance with
the Generalty AGcepted kcounting Pr8ctr"ce effeGb"ve for reF*yb"ng ponods begirbning on or after 1 January 2019.
I have completed my eXamina￿n. 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 r8SF*d of the Charty as required by seth'on 130 ofthe 2011 Act; or
the 8ccounts do not at￿rd wrth thos• r•cords', or
the accounts do not cM)mpty wtih the applIcat￿e 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 ￿nd￿S￿ndIng 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 V￿rk has boen und8rtaken so that I rn￿ht 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 Ac￿untants
Second FkvJr
168 Shoreditch HvJh Street
London
E16RA

Wornhlpful Company Ot Ba$kotrnak•v8' 2011 Charltable Trust
Slatomollt of Ilnanclal a¢tlvities
For the year onded 31 Mar¢h 2025
As restated
Total
funds
2024
Total
fvnds
2025
fund•
2025
funds
2026
Donatbjns and legacies
Investwents
72.043
104.381
535,653
96,978
10<381
Total Incomo and •ndoThnts
176A24
176N24
632.631
Expondlturn on:
Raising funds
CharflalMe aclfvtties
6,007
173.538
7.788
116,225
173,538
Tolal •xp•nd1￿l•
179,545
179,645
124,013
Nat lèxpendltur8Vlncome before net
1108888ygalns on Inv08tments
Not Ilossegllgainj on Invostments
(3,121)
16,360)
13.1211
132,341)
508,618
144,333
125.9811
Not mov•mMrt In lund•
125,9811
{9A81)
135M82)
652,951
Ro¢onclllallon of lund8:
Total funds brought foNRrd
Not movement in fvnds
1.985,541
{25.981)
587,529
19A81
2,673,070
136,462)
1,920.119
652,951
Totsl funds urrled forward
1.959,560
578,048
2,537,608
2.573,070
The Statement of finar)dal aclivities indudes all gains and h)sse$ rwni8&I in y88r.
The notes on pages 10 to 17 fomi part of the8e financ￿1 slateThnts.
Page 8

WorshIp￿1 Cr*n￿nY Of Ba5kothHkern' 2011 Charltable Trust
B•lan¢e $heot
A8 at 31 Ma￿h 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 staten￿nts 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 staten*nts.
Page 9

Worshlpful Company Of Ba$kelrnake￿. 2011 Charltablo Trust
Notos to the flnanclal 8taiem
For the year ended 31 March 2025
G•n•rnl information
The chanty ts a public bertfft entity which is In￿rI￿rated in England and Wales. The add￿$¥ of its
re9iStered office is.. 3 Stratton. Marston Pkntaine. Bedford. MK43 OXH.
Accounllng poUcl••
2.1 Bas18 of prepnratlon of Ilnanclal •tat•n*nts
The flnanctal ststements have be￿ wepared In &I￿rdance 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 I￿lafid IFRS 102) {effe¢bve 1 January 2019), the Finanaal Reporhng Standard
appluble in the UK and Republic of Ireland (FRS 102) and the Charlt*s 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 r￿U￿red to provide a 'tNe
and fairf vwi. This departure has invow foll0v￿ng 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 l￿bill￿$ are initialty r¢¢ognised at historic￿ cost or transaction
value unless othepth8e Stated in the rel8vanl a(￿OUnting
Tho finandal slaten*nts 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 recc*Jnilfv)n of In￿Me from leg￿leS is dependent on establtshing ent￿lernent, 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 re￿vant
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 In￿Me 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 e￿noMiC 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 aPport￿n￿ befvn thosè ath'vities on a basis consistent with
the use of ￿SoUr￿$.
Exp8nditure on raising fijnds indudes all expeThJrture incurred by the Chanty to raise funds for its
charitable purposes and indudes costs of all fUndrai￿n9 xbvits&s events and non<haritable trading.
Expenditure on charitable activilios is intxrrnd on direcdy Underta￿n9 the activiti'es which furthor the
CharW8 obje¢tive$, 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
insts￿￿On with whom the fvnd$ are depo￿d.
2.6 T•xatknn
The Charty is Con￿dered to pass the tosts set oul in paragra￿ 1 Schedule 6 of the Financè Act
2010 and the￿10￿ it meets the definiknon of a charitable company for UK corporation tax purpose8.
A¢cordingty, the Charty is Fthtialty exempt from tayation in re$pe¢t of income or capltal gains
received wrthin c8tegories (￿Vered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Secb'on
256 of the Taxation of Chargeable Gain8 Act 1992, to the extant that such Income or gains are
applied exclussvety to charrtable purpo￿.
2.7 Inve8tmont•
Fixed asset investrnents a￿ a form of financ￿ instrument and a￿ initsalty re(￿nised at their
transaCtiC￿ cost and subsequenty measured at fair value at the Balance Sheet date, unless the value
cannot be measured ￿llabty in whth case it is measured at cost less impaim*nl. Investment g8ins
and losses, whether realised or unrealised, are (¥)mbir￿ and presented a$ 'GainsllLossesl on
investsn￿s, 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 di9￿Unts 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 I￿ntInued)
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 ￿k￿bly.
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 p￿sent 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 entYry*ment ffijnd deriv￿ from doftat4on$ from IndivhJu81s who have
specified that ttiey should be aC￿mUlated 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
IndIv￿Ual unrestricted donatb)ns- Gift AKI
IndIv￿￿al 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 Trwnageff￿nt 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 re￿Ilnerab.On am￿nts to an independent examiner fee of £1,750 (2024 -
£1.700) and accounts preparalTh) fee of £83012024: £Nil).
During the year, no Trustees r￿ed any remuneration or other b8nefits {2024- £NIL).
During the year ended 31 Marth 2025, no Trustee expenses have been 1n￿jrred {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 y￿r
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•b￿kora. 2011 Ch￿1{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
EndO￿Ont fund•
Expenda1￿• end￿ent 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$l• of not as8•ts bfjtlbwn lund
An4￿11 of not assets bgtWOon fund8- current yoar
Endtr•rnient Unr¢•trlcted
funds
funds
2025
2025
Totsl
fund8
2025
Fixed asset investrnents
Current assets
Creditors due within year
1,959,560
519.052
64,081
(5.085)
2A78.612
64,081
{5.085)
Totsl
1,959.560
578,048
2,537,608
Anaty•l• of net a8••ts b•I￿n fvnd•- prlor y•ar
Endomnent Unr8Stricted
Jnd$
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 wr￿n1 or prior year.
Page 17