2022-03-31-accounts

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			2022			2021
		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds	Funds	Funds
	Note	£	£	£	£	£
Incomefrom
Donations	2	-	51,798	-	51,798	318,458
Investments	2	3,108,476	13,779	-	3,122,255	3,267,634
Other	2	-	252	-	252	531
Total		3,108,476	65,829	-	3,174,305	3,586,623
Expenditureon
Raisingfunds:
Investmentmanagementfees		-	-	571,193	571,193	525,654
Charitableactivities:
Generalgrants	3	1,384,577	77,718	-	1,462,295	1,658,429
Supportofthetrade	3	2,004,438	37,661	-	2,042,099	2,877,324
Totalcharitableactivities		3,389,015	115,379	-	3,504,394	4,535,753
Total		3,389,015	115,379	571,193	4,075,587	5,061,407
NaSepeebelorsiansiers	and	(280,539)	(49,550)	(571,193)	(901,282)	(1,474,784)
Transfersbetweenfunds		277,539	-	(277,539)	-	-
Netgains/(losses)oninvestments		-	12,655	8,514,592	8,527,247	27,337,985
Netincome/(expenditure)and netmovementinfunds		(3,000)	(36,895)	7,665,860	7,625,965	25,863,201
Totalfundsbroughtforward		3,294,019	1,672,157	157,929,625	162,795,801	136,932,600
Totalfundscarriedforward		3,291,019	1,635,262	165,595,485	170,421,766	162,795,801

		2022	2021
	Note	£	,
Fixedassets
Heritageassets	6	520,596	520,596
Investments	7	160,521,699	153,033,111
		161,042,295	153,553,707
CurrentAssets
Debtors	8	199,177	343,662
Cashatbank		9,821,666	9,561,868
		10,020,843	9,905,530
Currentliabilities
Creditorsfallingduewithinoneyear	9	641,372	663,436
Netcurrentassets		9,379,471	9,242,094
Netassets		170,421,766	162,795,801
Funds
Endowmentfunds	12	165,595,485	157,929,625
Restrictedfunds	12	1,535,262	1,572,157
Unrestrictedfunds	12	3,291,019	3,294,019
		170,421,766	162,795,801

	2022	2021
Cashflowsfromoperatingactivities
NetincomefortheyearperSoFA	7,625,965	25,863,201
Adjustmentsfor:
Net(gains)/lossesoninvestments	(8,527,247)	(27,337,985)
Dividends,interestandrentsfrominvestments	(3,122,255)	(3,267,634)
Decreaseindebtors	144,485	819,980
Decreaseincreditors	(22,064)	(59,774)
Netcashusedinoperatingactivities	(3,901,116)	(3,982,212)
Cashflowsfrominvestingactivities
Dividends,interestandrentsfrominvestments	3,122,255	3,267,634
Proceedsfromsaleofinvestments	53,911,906	42,234,017
Purchaseofinvestments	(50,033,038)	(561,516,169)
Netcash(usedin)/providedbyinvestingactivities	7,001,123	(6,014,518)
Changeincashandcashequivalentsintheyear	3,100,007	(9,996,730)
Cashandcashequivalentsatthebeginningoftheperiod	11,113,069	21,109,799
Cashandcashequivalentsattheendoftheperiod	14,213,076	11,113,069
Analysisofcashandcashequivalents
CashatBank	5,312,959	5,061,868
Depositswithmaturityinlessthan12months	4,508,707	4,500,000
Subtotalcashnotavailabletoinvestmentmanagers	9,821,666	9,561,868
Cashavailableforinvestmentheldbyinvestmentmanagers	4,391,410	1,551,201
Cashandcashequivalentsattheendoftheperiod	14,213,076	11,113,069
Analysisofchangesinnetdebt
Cashandcashequivalentsatthebeginningoftheperiod	11,113,069	21,109,799
Cashflows	3,100,007	(9,996,730)
Cashandcashequivalentsattheendoftheperiod	14,213,076	11,113,069

			2022
	Unrestricted	Restricted		Endowment
	Funds	Funds		Funds
	2	£		£
VoluntaryIncome
Donationsandlegacies		51,798			-	51,798
TotalVoluntaryIncome		51,798			-	51,798
InvestmentIncome
DividendsandInterest	2,935,789					2,949,547
Rent	136,375					136,375
BankandOtherInterest TotalInvestmentIncome	36,312 __ 3.108.476					36,333 3,122,255
OtherIncome
Commissiononsaleofmerchandise		252			-	252
TotalOtherIncome		252			-	252
TotalIncome	3,108,476	65,829			-	3,174,305
			2021
	Unrestricted	Restricted		Endowment
	Funds	Funds		Funds
	£	£		£
VoluntaryIncome
Donationsandlegacies		318,458			-	318,458
TotalVoluntaryIncome		318,458			-	318,458
InvestmentIncome
DividendsandInterest	3,086,604	14,794			-	3,101,398
Rent	101,250					101,250
BankandOtherInterest	64,819	167			-	64,986
TotalInvestmentIncome	3,252,673	14,961			-	3,267,634
OtherIncome
Commissiononsaleofmerchandise		531			-	531
TotalOtherIncome		531			-	531
TotalIncome	3,252,673	333,950			-	3,586,623

		2022
	Unrestricted	Restricted
	Funds	Funds
	£	£
Generalgrants
CharityCommittee	700,050		700,050
EducationCommittee	268,950		268,950
WardensGrants- General	122,907		122,907
OtherGrants- General		77,646	77,646
TotalGrants- General	1,091,907	77,646	1,169,553
Goldsmiths'Centre	1,724,000	718	1,724,718
Goldsmiths'Centre- CapitalFunding	50,000		50,000
Wardens& OtherGrants- Supportoftrade	142,019	36,900	178,919
Covid-19FundGrants- Supportoftrade	3,000		3,000
TotalGrants- SupportoftheTrade	1,919,019	37,618	1,956,637
TotalGrants	3,010,926	115,264	3,126,190
Charitableactivities(non-grant)	65,226		65,226
TotalGrants& OtherCharitableActivities	3,076,152	115,264	3,191,416
Supportcosts(see note4)	312,863	115	312,978
Totalexpenditure	3,389,015	115,379	3,504,394

		2021
	Unrestricted	Restricted
	Funds	Funds
	£	£
Generalgrants
CharityCommittee	800,050		800,050
EducationCommittee	309,701		309,701
WardensGrants- General	182,455		182,455
OtherGrants- General		38,300	38,300
TotalGrants- General	1,292,206	38,300	1,330,506
Goldsmiths'Centre	1,818,862		1,818,862
Goldsmiths'Centre- CapitalFunding	76,000		76,000
Wardens& Othergrants- Supportoftrade	36,000	15,000	51,000
Covid-19FundGrants- Supportoftrade	803,000		803,000
TotalGrants- SupportoftheTrade	2,733,862	15,000	2,748,862
TotalGrants	4,026,068	53,300	4,079,368
Charitableactivities(non-grant)	38,880		38,880
TotalGrants& OtherCharitableActivities	4,064,948	53,300	4,118,248
Supportcosts(seenote4)	417,385	120	417,505
Totalexpenditure	4,482,333	53,420	4,535,753

		2022
	General	Supportof
	grants	theTrade	Total
	£	£	£
Unrestrictedfunds
ManagementRecharge
StaffingCosts	146,277	38,473	184,750
OfficeCosts	73,138	19,237	92,375
	219,415	57,710	277,125
Directcosts	17,781	17,957	35,738
Totalsupportcosts	237,196	75,667	312,863
Directexpenditure(seenote3)
Grants- General	1,091,907	-	1,091,907
Grants- SupportoftheTrade	-	1,919,019	1,919,019
Charitableactivities(non-grant)	55,474	9,752	65,226
Totalunrestrictedfundexpenditure	1,384,577	2,004,438	3,389,015
Restrictedfunds
Directcosts	72	43	115
Totalsupportcosts	72	43	115
Directexpenditure
TotalGrants- General	77,646	-	77,646
TotalGrants- SupportoftheTrade	-	37,618	37,618
Totalrestrictedfundexpenditure	77,718	37,661	115,379
Totalexpenditureoncharitableactivities	1,462,295	2,042,099	3,504,394

		2021
	General	Supportof
	grants	theTrade	Total
	£	£
Unrestrictedfunds
ManagementRecharge
StaffingCosts	208,016	49,254	257,270
OfficeCosts	104,008	24,627	128,635
	312,024	73,881	385,905
Directcosts	15,830	15,650	31,480
Totalsupportcosts	327,854	89,531	417,385
Directexpenditure(seenote3)
TotalGrants- General	1,292,206		1,292,206
TotalGrants- SupportoftheTrade		2,733,862	2,733,862
Charitableactivities(non-grant)		38,880	38,880
Totalunrestrictedfundexpenditure	1,620,060	2,862,273	4,482,333
Restrictedfunds
Directcosts	69	51	120
Totalsupportcosts	69	51	120
Directexpenditure
TotalGrants- General	38,300		38,300
TotalGrants- SupportoftheTrade		15,000	15,000
Totalrestrictedfundexpenditure	38,369	15,051	53,420
Totalexpenditureoncharitableactivities	1,658,429	2,877,324	4,535,753

	2022	2021
	£	£
ApportionmentofStaffCosts	8,684	76,608
Professionalfees(audit,legal)	24,490	20,811
TrusteeIndemnityInsurance	3,453	3,696
	36,627	101,115

	2022	2021	2020	2019	2018
	£	£	£	£	£
Balancebroughtforward	520,596	520,596	520,596	481,596	481,596
Purchases	-	-	-	39,000	-
Balancecarriedforward

	2022	2021
EndowmentFunds	£	£
Valuationbroughtforward	3,527,000	3,181,000
NetGainonRevaluation	150,000	346,000
Valuationcarriedforward	3,677,000	3,527,000
HistoricalCost	-	-
AccumulatedGains	___3,677,000__3,527,000
	2022	2021
EndowmentFunds	£	£
Valuationbroughtforward	147,456,657	111,273,290
DisposalProceeds	(563,909,913)	(42,234,017)
Profit/(Loss)onDisposals	4,791,473	5,465,984
AdditionsatCost	50,031,044	51,516,169
NetGain/(Loss)onRevaluation	3,573,119	21,435,231
Valuationcarriedforward	151,942,380	147,456,657
HistoricalCost	128,615,836	123,332,553
AccumulatedGains/(Losses)	23,326,544	24,124,104

	2022	2021
RestrictedFunds	£	%
Valuationbroughtforward	498,253	407,483
DisposalProceeds	(1,993)
AdditionsatCost	1,094
NetGain/(Loss)onRevaluation	12,655	90,770
Valuationcarriedforward	510,909	498,253
nvesimentcasn
Cashheldforthepurposeofinvestingisasfollows:
	2022	2021
EndowmentFunds	£	£
Cashavailableforinvestment	4,391,410	1,551,201
	4,391,410	1,551,201
TotalInvestmentsvaluationcarriedforward	160,521,699	_153,083,111
Investmentsareheldinthefollowingassetclasses:
	2022	2021
	£	£
Investmentproperties	3,677,000	3,527,000
Investmentpropertyfund	8,133,205	6,835,992
UKequities	39,122,293	34,173,026
Overseasequities	94,919,023	93,242,057
Fixedinterest	10,278,768	13,703,835
Cash	4,391,410	1,651,201
	160,521,699	153,033,111

			2022	2021
			£	£
Schroder	Private	EquityFundofFundsII		9,321
Schroder	Private	EquityFundofFundsIV		32,908
Partners	Capital	CondorFundXV(Cayman)LP	1,200,000
Partners	Capital	SecondariesSMA2022(Cayman)LP	2,000,000
			3,200,000	42,229

		2022	2021
		BE	£
InvestmentIncomereceivable		188,847	332,178
Sundrydebtorsandprepayments		10,330	11,484
		199,177	343,662
9.	Creditors
		2022	2021
Falling	duewithinoneyear	£	£
Relatedpartycreditors		57,539	90,307
Grants	payable	397,220	389,266
InvestmentManagementfees		143,423	135,850
Rental	incomereceivedinadvance	26,750	25,313
SundryAccruals		16,440	22,700
		641,372	663,436

	2022	2021
	£	£
Operatingleasereceiptswhichfalldue:
Withinoneyear	107,000	101,250
Afteroneyearbutwithinfiveyears	428,000	405,000
Laterthanfiveyears	4,868,500	4,708,125
	5,403,500	5,214,375

	Balance				Netgain/	Balance
	brought				(loss)on	carried
2022	forward	Income	Expenditure	Transfers	investments	forward
	£	£	£	£	£	£
EndowmentFunds
PermanentEndowment	121,247,161		(435,471)	-	6,571,740	127,383,430
ExpendableEndowment	36,682,464		135,722	277,539	1,942,852	38,212,055
TotalEndowment	157,929,625	-	571,193	277,539	8,514,592	165,595,485
RestrictedFunds
Members'IndustryScheme CharitablePartnershipsScheme	201,210 166,346	23,140 25,364	(35) 54,397	- -	- -	224,315 137,313
Subtotal1327Funds	367,556	48,504	(54,432)	-	-	361,628
Members'CharitableFund	131,779	3,548	(37,626)	-	-	97,701
Threlfall	64,791	1,647		-	1,513	67,951
Wood	36,881	955		-	878	38,714
Bowes	323,225	8,293	(19,502)	-	7,619	319,635
Milner	127,329	2,882	(3,819)	-	2,645	129,037
SilverTrust	520,596			-	-	520,596
TotalRestrictedFunds	1,572,157	65,829	115,379	-	12,655	1,535,262
UnrestrictedFunds
GeneralFund	3,097,019	3,108,476	(3,386,015)	277,539	-	3,097,019
Covid-19Fund	197,000		3,000	-	-	194,000
TotalUnrestrictedFunds	3,294,019	3,108,476	3,389,015	277,539	-	3,291,019
TotalFunds	162,795,801	3,174,305	4,075,587	-	8,527,247	170,421,766

	Balance				Netgain/	Balance
	brought				(loss)on	carried
2021	forward	Income	Expenditure	Transfers	investments	forward
	£	£	£	£	£	£
EndowmentFunds
PermanentEndowment	100,793,922	-	(401,940)	-	20,855,179	121,247,161
ExpendableEndowment	31,414,142	-	123,714	1,000,000	6,392,036	36,682,464
TotalEndowment	132,208,064	-	525,654	1,000,000	27,247,215	157,929,625
RestrictedFunds
Members'IndustryScheme CharitablePartnershipsScheme	32,409 36,257	168,840 146,453	(39) 16,364	-	- -	201,210 166,346
Subtotal1327Funds	68,666	315,293	(16,403)		-	367,556
Members'CharitableFund	142,944	3,847	(15,012)	-	-	131,779
Threlfall	53,673	1,770	(1,502)	-	10,850	64,791
Wood	30,559	1,027	(1,003)	-	6,298	36,881
Bowes	279,157	8,917	(19,500)	-	54,651	323,225
Milner	105,262	3,096		-	18,971	127,329
SilverTrust	520,596	-		-	-	520,596
TotalRestrictedFunds	1,200,857	333,950	(53,420)	-	90,770	1,572,157
UnrestrictedFunds
GeneralFund	3,523,679	3,252,673	(3,679,333)	-	-	3,097,019
Covid-19Fund	-	-	(803,000)	1,000,000	-	197,000
TotalUnrestrictedFunds	3,523,679	3,252,673	(4,482,333)	1,000,000	-	3,294,019
TotalFunds	136,932,600	3,586,623	5,061,407	-	27,337,985	162,795,801

13. Analysisofnetassetsbetween	funds
		2022
	Unrestricted	Restricted	Endowment	Total
	Funds	Funds	Funds	Funds
			£	£
Fundsbalancesrepresentedby:
HeritageAssets			-	520,596
Investments			160,010,790	160,521,699
CurrentAssets	3,741,402		5,728,118	10,020,843
Creditors	(450,383)	(47,566)	(143,423)	(641,372)
	3,291,019	1,635,262	165,595,485	170,421,766

		2021
	Unrestricted	Restricted	Endowment	Total
	Funds	Funds	Funds	Funds
	£	£	£	£
Fundsbalancesrepresentedby:
HeritageAssets	-	520,596	-	520,596
Investments	-	498,253	152,534,858	153,033,111
CurrentAssets	3,802,608	572,305	5,530,617	9,905,530
Creditors	(508,589)	(18,997)	(135,850)	(663,436)
	3,294,019	1,672,157	157,929,625	162,795,801

14. Unrealisedgainsincludedinendowmentfund
	2022	2021
	£	£
Unrealisedgains/(losses)includedintheEndowmentFund
Investmentproperties	3,677,000	3,527,000
Investments	23,326,544	24,124,104
Unrealisedgainscarriedforward	27,003,544	27,651,104
ReconciliationofmovementsinunrealisedgainsinInvestments
Unrealisedgainsbroughtforward	27,651,104	2,524,807
Netgainonpropertyrevaluation	150,000	346,000
Previouslyrecognisednet(gain)/lossrealisedoninvestmentdisposals	(4,370,679)	3,345,066
Unrealisednetgainoninvestmentrevaluation	3,573,119	21,435,231
Unrealisedgainscarriedforward	27,003,544	27,651,104

		2021
	Unrestricted	Restricted	Endowment
	Funds	Funds	Funds
	£	£	£
Incomefrom
Donations	-	318,458	-	318,458
Investments	3,252,673	14,961	-	3,267,634
Other	-	531	-	531
Total	3,252,673	333,950	-	3,586,623
Expenditureon
Raisingfunds:
Investmentmanagementfees	-	-	525,654	525,654
Charitableactivities:
Generalgrants	1,620,060	38,369	-	1,658,429
Supportofthetrade	2,862,273	15,051	-	2,877,324
Totalcharitableactivities	4,482,333	53,420	-	4,535,753
Total	4,482,333	53,420	525,654	5,061,407
	(1,229,660)	280,530	(525,654)	(1,474,784)
Transfersbetweenfunds	1,000,000	-	(1,000,000)
Netgainsoninvestments	-	90,770	27,247,215	27,337,985
Netincome& netmovementinfunds	(229,660)	371,300	25,721,561	25,863,201
Totalfundsbroughtforward	3,523,679	1,200,857	132,208,064	136,932,600
Totalfundscarriedforward	3,294,019	1,572,157	157,929,625	162,795,801

Grants c«
Recipient		Grant
Unrestrictedfunds
CHARITYCOMMITTEE
GeneralWelfare
IslingtonGiving
FeedingBritain
IslingtonMind
GivingWorld,Leicestershire
BarnetLoneParentCentre
LondonFootballJourneys,Haringey
SeparatedChildFoundation,Wimbledon
MiddlesexAssociationfortheBlind
	GeneralWelfare:SubTotal
PrisonerResettlement
NoGoingBackPan-LiveryProject		50,000
Anawim		35,000
Prisoners'AdviceService		35,000
SparkInside		35,000
Switchback		35,000
BirthCompanions		30,000
FineCellWork		30,000
PrisonRadioAssociation		30,000
PrisonReformTrust		30,000
Prisoners’EducationTrust		30,000
UnlockedGraduates		30,000
WomenInPrison		30,000
VentureTrust		21,000
HardmanTrust		20,000
Standout		20,000
CleanBreak		15,000
RefugeeCouncil		15,000
TheClink		15,000
ImagineIF		5,000
PrisonersAbroad,Islington		5,000
	PrisonerResettlement:SubTotal	516,000
AgeingPopulation
MagicMe		20,000
WiltshireMusicCentre		4,000
MargaretTurner		1,500
	AgeingPopulation:SubTotal	25,500

Youth
NewHorizonYouthCentre			19,500
JustforKidsLaw			17,000
		Youth:SubTotal	36,500
Culture
NationalChurchesTrust			50,000
TheYardTheatre,Hackney			4,000
HackneyEmpireAppeal- CreativeFutures			3,000
TheNationalYouthChoirsofGreatBritain			3,000
		Culture:SubTotal	60,000
	TotalCharityCommittee		700,050
EDUCATIONCOMMITTEE
PrimarySchools- MathsTeacherProject			50,000
TheGrandTheatreBlackpool			34,960
NationalLiteracyTrust			29,849
NationalTheatre			25,000
GuildhallSchoolofMusicandDrama			25,000
DukeofEdinburgh’sAwardScheme			20,830
MuseumofLondon			15,000
PembrokeCollege,Oxford			15,000
RoyalShakespeareCompany			14,000
FirstStory			12,784
StPaul'sChoirSchool			11,027
RoyalNationalChildren’sSpringBoardFoundation			10,000
Pilgrims'WaySchool			8,000
FulhamPrimarySchool			8,000
BMAstudentbursaries			2,500
Unusedgrantsreturned			(13,000)
	TotalEducationCommittee		268,950
WARDENS
Goldsmiths'University			71,737
Goldsmiths'CraftandDesignCouncil			53,271
GoldsmithsNorth			30,000
LordMayor'sAppeal			10,000
GoldsmithsCollege- Bursaries			10,000
StBart'sHospital- Bart'sHeritage			10,000
CambridgeDept.MaterialsScience& Metallurgy			8,400
Sheriffs’andRecorders’Fund			6,000
VivianWatsonHattonGardenBook			6,000
PortsmouthCityCouncilSilversmithExhibition			5,000
TowerofLondon/HRP‘Superbloom’Platinum	Jubilee	Project	5,000
WentworthWoodhouse- GildingtheWeather	Vanes		5,000
AirLoadmasterAssociation			3,300
TheLordMayor'sBigCurryLunch			3,250
MansionHouseScholarshipScheme			3,000
TheRoyalChoral Society			1,500
CityofLondonPoliceWidowsandOrphans			1,000

RNirdae trntha Dlinansiol Notes totheFinancial	Qiatnmante:{aovbiv izsrd Statements(continueq)	Qiatnmante:{aovbiv izsrd Statements(continueq)
PlatinumJubileePageant PollinatingLondonTogether CityGivingDay- TourdeCity CampaignAgainstLivingMiserably WaxChandlersCharitableTrust Grantswrittenback			1,000 750 550 500 120 (7,200)
	TotalWardens		228,178
SUPPORTOFTHECRAFT(includingCovid-19Fund)
TheGoldsmiths'Centre			1,774,000
ApprenticeRetentionGrants			3,000
GlobalMajorityProjectGrants			36,748
	TotalSupport	oftheCraft	1,813,748
RestrictedFunds
Members'CharitableFund
BusinessGrowthGrants			16,000
FlourishJewelleryCIC			11,600
CreativeDimensionTrust			6,000
FoundationProgrammeGrants			3,000
TheGoldsmiths'Centre- AccessFund			718
CareersOutreachGrants			300
1327Members'CharitablePartnershipsScheme
DisastersEmergencyCommittee- UkraineHumanitarianAppeal			50,000
JustLearn			3,000
MarieCurie			1,327
TheMilnerFund
SouthYorkshirePoliceBravery	Awards		3,819
SirMartinBowesCharity
HomeStartGreenwich			6,500
HERCentre			6,500
GreenwichRefugeeAid			6,500
	TotalRestrictedFunds		115,264
	TOTALGRANTSPAID		3,126,190