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2025-03-31-accounts
Trustees’REPOrt..cccccccccscssscssssssesssensecsnsessuecsecessessesscneenevansensensusceseecsecenesansnsssaeaenecnennensuasecnsensnageaesssssnernssenennersraeraenenaeneneangayes2 |
IndependentAuditor’sReporttotheMember........2...ccccececesneereesesseseeseseeseneeseneenenranseneesraeersecsensicgacseseesssdestenasseaseaterecarananes16 |
StatementofFinancialActivities.........ccccecseeceeeeneeeeeeeneeeneeeeeeeeeecanceeessesueacaeeceasenegeaeeeetenenensansentnusatereertnreansrenerarsereneesenseens19 |
IncomeandExpenditureACCOUN............:.cc
ccccceceececesbeceseesececcessssesenasessuessussuaseanseeasssniesarsssssesseesessedsnereeeseneeeenaneananeees20 |
BalanceSheet...........ccccccsesscssscccceenecsecesceeecesnsnaeceeeessecsesceeeenaersescnsauessesseuegeasseneaeeesersssenscrseseeeeseyesseaaeenseasaceansesssaregeseenseese21 |
StatementofCashFIOWS...........ccccceessecsecsecseceeesseeeecsacseeesueeeenanseseeenseneaseeseeerensersenssesecesceeasersesgseengensassessavsngecsssuecassureuesseneas22 |
NotestotheFinancialStatements............ccccccesssecssecssseeeerseeseesusessocseceueraceeussepersesssseesaeecsecesesceeserseeseeeeaeeseusaeucsesserseseeeseeey23 |
07 October 2025
|
|
2025 |
2025 |
|
2024 |
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
Funds |
Funds |
Funds |
Funds |
Funds |
|
£ |
£ |
£ |
£ |
£ |
Incomefrom |
|
|
|
|
|
Donations |
. |
76,619 |
- |
76,619 |
64,692 |
Investments |
725,600 |
17,034 |
3,312,048 |
4,054,682 |
4,220,996 |
Other |
- |
804 |
- |
804 |
58 |
Total |
725,600 |
94,457 |
3,312,048 |
4,132,105 |
4,285,746 |
Expenditureon |
|
|
|
|
|
Raisingfunds: |
|
|
|
|
|
Investmentmanagementfees |
- |
- |
633,547 |
633,547 |
547,747 |
Propertymanagementcosts |
180,410 |
- |
- |
180,410 |
161,755 |
Totalraisingfunds |
180,410 |
- |
633,547 |
813,957 |
709,502 |
Charitableactivities: |
|
|
|
|
|
Generalgrants |
1,286,445 |
15,741 |
- |
1,302,186 |
11,422,774 |
Supportofthetrade |
2,454,889 |
54,683 |
- |
2,509,572 |
2,334,955 |
Totalcharitableactivities |
3,741,334 |
70,424 |
- |
3,811,758 |
13,757,729 |
Total |
3,921,744 |
70,424 |
633,547 |
4,625,715 |
14,467,231 |
Net(expenditure)/incomebefore |
(3,196,144) |
24,033 |
2,678,501 |
(493,610) |
(10,181,485) |
transfersandgains |
|
|
|
|
|
Transfersbetweenfunds |
3,312,048 |
- |
(3,312,048) |
- |
- |
Netgains/(losses)oninvestments |
- |
7,494 |
3,823,966 |
3,831,460 |
15,316,269 |
Netincome/(expenditure)and |
115,904 |
31,527 |
3,190,419 |
3,337,850 |
5,134,784 |
netmovementinfunds |
|
|
|
|
|
Totalfundsbroughtforward |
3,908,522 |
1,593,538 |
160,891,635 |
166,393,695 |
161,258,911 |
Totalfundscarriedforward |
4,024,426
|
1,625,065
|
164,082,054
|
169,731,545
|
166,393,695
|
|
2025 |
2024 |
|
£ |
£ |
Totalincome(includingtransfersfromendowmentfunds) |
4,132,105 |
14,285,746 |
Totalexpenditure |
(3,992,168) |
(13,919,484) |
Netgains/(losses)oninvestments |
7,494 |
40,093 |
Profitfortheyear
|
147,431
|
406,355
|
sat31March2025
Companynumber11048746 |
|
|
|
|
|
2025 |
2024 |
|
Note |
£ |
£ |
Fixedassets |
|
|
|
Heritageassets |
7 |
540,596 |
540,596 |
Investments |
8 |
165,648,949 |
160,842,546 |
|
|
166,189,545 |
161,383,142 |
CurrentAssets |
|
|
|
Debtors |
9 |
83,449 |
252,185 |
Cashatbank |
|
7,322,290 |
12,598,507 |
|
|
7,405,739 |
12,850,692 |
Currentliabilities |
|
|
|
Creditorsfallingduewithinoneyear |
10 |
3,863,739 |
4,506,806 |
Netcurrentassets |
|
3,542,000 |
8,343,886 |
Non-currentliabilities |
|
|
|
Creditorsfallingdueinmorethanoneyear |
10 |
- |
3,333,333 |
Netassets |
|
169,731,545 |
166,393,695 |
Funds |
|
|
|
Endowmentfunds- historicalcost |
13 |
136,996,784 |
132,746,705 |
Endowmentfunds- revaluation |
13 |
27,085,270 |
28,144,930 |
Restrictedfunds- historicalcost |
13 |
1,526,780 |
1,502,747 |
Restrictedfunds- revaluation |
13 |
98,285 |
90,791 |
Unrestrictedfunds |
13 |
4,024,426 |
3,908,522 |
|
|
169,731,545
|
166,393,695
|
Fortheyearended31March2025 |
|
|
|
2025 |
2024 |
|
£ |
£ |
Cashflows fromoperatingactivities |
|
|
Netincome/(expenditure)fortheyearperSoFA |
3,337,850 |
5,134,784 |
Adjustmentsfor: |
|
|
Net(gainslossesoninvestments |
(3,831,460) |
(15,316,269) |
Dividends,interestandrentsfrominvestments |
(4,009,739) |
(4,081,385) |
Increase/(decrease)indebtors |
168,736 |
(8,137) |
Increase/(decrease)increditors |
(3,976,400) |
7,282,077 |
Netcashusedinoperatingactivities |
(8,311,013) |
(6,988,930) |
Cashflowsfrominvestingactivities |
|
|
Dividends,interestandrentsfrominvestments |
4,009,739 |
4,081,385 |
Proceedsfromsaleofinvestments |
46,434,952 |
52,402,383 |
Purchaseofinvestments |
(43,791,260) |
(44,735,478) |
Netcash(usedin)/providedbyinvestingactivities |
6,653,431 |
11,748,290 |
Changeincashandcashequivalentsintheyear |
(1,657,582) |
4,759,360 |
Cashandcashequivalentsatthebeginningoftheperiod |
14,745,854 |
9,986,494 |
Cashand cashequivalentsattheendoftheperiod |
13,088,272 |
14,745,854 |
Analysisofcashandcashequivalents |
|
|
CashatBank |
7,322,290 |
12,598,507 |
Depositswithmaturityinlessthan12months |
- |
= |
Subtotalcashnotavailabletoinvestmentmanagers |
7,322,290 |
12,598,507 |
Cashavailableforinvestmentheldbyinvestmentmanagers |
5,765,983 |
2,147,347 |
Cashandcashequivalentsattheendoftheperiod |
13,088,273 |
14,745,854 |
Analysisofchangesinnetdebt |
|
|
Cashandcashequivalentsatthebeginningoftheperiod |
14,745,854 |
9,986,494 |
Cashflows |
(1,657,582) |
4,759,360 |
Cashandcashequivalentsattheendoftheperiod |
13,088,272 |
14,745,854 |
|
|
2025 |
|
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
Funds |
Funds |
Funds |
Funds |
|
£ |
£ |
£ |
£ |
VoluntaryIncome |
|
|
|
|
Donationsandlegacies |
- |
76,619 |
- |
76,619 |
TotalVoluntaryIncome |
- |
76,619 |
- |
76,619 |
InvestmentIncome |
|
|
|
|
DividendsandInterest |
634,139 |
14,467 |
2,758,556 |
3,407,162 |
Rent |
- |
- |
155,630 |
155,630 |
BankandOtherInterest |
91,461 |
2,567 |
397,862 |
491,890 |
TotalInvestmentIncome |
725,600 |
17,034 |
3,312,048 |
4,054,682 |
OtherIncome |
|
|
|
|
Commissiononsaleofmerchandise |
3 |
804 |
- |
804 |
TotalOtherIncome |
- |
804 |
- |
804 |
TotalIncome |
725,600 |
94,457 |
3,312,048 |
4,132,105 |
|
|
2024 |
|
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
Funds |
Funds |
Funds |
Funds |
|
£ |
£ |
£ |
£ |
VoluntaryIncome |
|
|
|
|
Donationsandlegacies |
- |
64,692 |
- |
64,692 |
TotalVoluntaryIncome |
- |
64,692 |
- |
64,692 |
InvestmentIncome |
|
|
|
|
DividendsandInterest |
840,756 |
14,336 |
2,731,541 |
3,586,633 |
Rent |
- |
- |
108,807 |
108,807 |
BankandOtherInterest |
122,623 |
4,542 |
398,391 |
525,556 |
TotalInvestmentIncome |
963,379 |
18,878 |
3,238,739 |
4,220,996 |
OtherIncome |
|
|
|
|
Commissiononsaleofmerchandise |
- |
58 |
- |
58 |
TotalOtherIncome |
- |
58 |
- |
58 |
Total[Income |
963,379
|
83,628
|
3,238,739
|
4,285,746
|
4.
Expenditureoncharitableactivities |
|
|
|
|
|
2025 |
|
|
Unrestricted |
Restricted |
Total |
|
Funds |
Funds |
Funds |
|
£ |
£ |
£ |
Generalgrants |
|
|
|
MuseumofLondon |
|
|
|
GeneralandAdvisoryGroupLegacyGrants |
421,339 |
- |
421,339 |
EducationCommittee |
99,091 |
- |
99,091 |
WardensGrants- General |
127,939 |
- |
127,939 |
LandmarksProgramme |
321,881 |
- |
321,881 |
OtherGrants- General |
- |
15,508 |
15,508 |
TotalGrants- General |
970,250 |
15,508 |
985,758 |
Goldsmiths'Centre |
1,986,661 |
12,151 |
1,998,812 |
Goldsmiths'Centre- CapitalFunding |
208,000 |
- |
208,000 |
Wardens& OtherGrants- Supportoftrade |
76,500 |
42,390 |
118,890 |
Covid-19FundGrants- Supportoftrade |
40,000 |
- |
40,000 |
TotalGrants- SupportoftheTrade |
2,311,161 |
54,541 |
2,365,702 |
TotalGrants |
3,281,411 |
70,049 |
3,351,460 |
Charitableactivities(non-grant) |
21,917 |
- |
21,917 |
TotalGrants& OtherCharitableActivities |
3,303,328 |
70,049 |
3,373,377 |
Supportcosts(seenote5) |
438,005 |
376 |
438,381 |
Totalexpenditure |
3,741,333 |
70,425 |
3,811,758 |
|
|
|
|
|
2024 |
|
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
|
|
Funds |
Funds |
Funds |
|
|
|
|
£ |
£ |
£ |
Generalgrants |
|
|
|
|
|
|
Museumof |
London |
|
|
10,000,000 |
|
10,000,000 |
CharityCommittee |
|
|
|
462,048 |
- |
462,048 |
Education |
Committee |
|
|
126,258 |
- |
126,258 |
WardensGrants
-General |
|
|
|
103,668 |
- |
103,668 |
Landmarks |
Programme |
|
|
385,989 |
- |
385,989 |
OtherGrants
-General |
|
|
|
- |
3,354 |
3,354 |
TotalGrants |
-General |
|
|
11,077,963 |
3,354 |
11,081,317 |
Goldsmiths’ |
Centre |
|
|
1,867,290 |
12,151 |
1,879,441 |
Goldsmiths' |
Centre- CapitalFunding |
|
|
192,000 |
- |
192,000 |
Wardens& |
Othergrants |
|
-Supportoftrade |
58,008 |
33,187 |
91,195 |
Covid-19FundGrants |
|
- |
Supportoftrade |
40,000 |
- |
40,000 |
TotalGrants |
-Supportof |
theTrade |
|
2,157,298 |
45,338 |
2,202,636 |
TotalGrants |
|
|
|
13,235,261 |
48,692 |
13,283,953 |
Charitable |
activities(non-grant) |
|
|
54,155 |
- |
54,155 |
TotalGrants |
&OtherCharitableActivities |
|
|
13,289,416 |
48,692 |
13,338,108 |
Supportcosts(seenote |
|
|
5) |
419,495 |
126 |
419,621 |
Totalexpenditure |
|
|
|
13,708,911
|
48,818
|
13,757,729
|
|
|
2025 |
|
|
General |
Supportof |
|
|
grants |
theTrade |
Total |
|
£ |
£ |
£ |
Unrestrictedfunds |
|
|
|
ManagementRecharge |
|
|
|
StaffingCosts |
174,346 |
61,771 |
236,117 |
OfficeCosts |
87,173 |
30,885 |
118,058 |
|
261,519 |
92,656 |
354,175 |
Directcosts |
41,622 |
42,209 |
83,831 |
Totalsupportcosts |
303,141 |
134,865 |
438,006 |
Directexpenditure(seenote4) |
|
|
|
Grants- General |
970,250 |
- |
970,250 |
Grants- SupportoftheTrade |
- |
2,311,161 |
2,311,161 |
Charitableactivities(non-grant) |
13,054 |
8,863 |
21,917 |
Totalunrestrictedfundexpenditure |
1,286,445 |
2,454,889 |
3,741,334 |
Restrictedfunds |
|
|
|
Directcosts |
233 |
142 |
375 |
Totalsupportcosts |
233 |
142 |
375 |
Directexpenditure |
|
|
|
TotalGrants- General |
15,508 |
- |
15,508 |
TotalGrants- SupportoftheTrade |
- |
54,541 |
54,541 |
Totalrestrictedfundexpenditure |
15,741 |
54,683 |
70,424 |
Totalexpenditureoncharitableactivities |
1,302,186 |
2,509,572 |
3,811,758 |
|
|
|
2024 |
|
|
|
General |
Supportof |
|
|
|
grants |
theTrade |
Total |
|
|
£ |
£ |
£ |
Unrestrictedfunds |
|
|
|
|
ManagementRecharge |
|
|
|
|
StaffingCosts |
|
179,183 |
63,287 |
242,470 |
OfficeCosts |
|
89,591 |
31,644 |
121,235 |
|
|
268,774 |
94,931 |
363,705 |
Directcosts |
|
27,774 |
28,016 |
55,790 |
Totalsupportcosts |
|
296,548 |
122,947 |
419,495 |
Directexpenditure(seenote4) |
|
|
|
|
TotalGrants |
-General |
11,077,963 |
- |
11,077,963 |
TotalGrants |
-SupportoftheTrade |
- |
2,157,298 |
2,157,298 |
Charitableactivities(non-grant) |
|
44,829 |
9,326 |
54,155 |
Totalunrestricted |
fundexpenditure |
11,419,340 |
2,289,571 |
13,708,911 |
Restrictedfunds |
|
|
|
|
Directcosts |
|
80 |
46 |
126 |
Totalsupportcosts |
|
80 |
46 |
126 |
Directexpenditure |
|
|
|
|
TotalGrants |
-General |
3,354 |
- |
3,354 |
TotalGrants |
-SupportoftheTrade |
- |
45,338 |
45,338 |
Totalrestrictedfundexpenditure |
|
3,434 |
45,384 |
48,818 |
Totalexpenditure |
oncharitableactivities |
11,422,774
|
2,334,955
|
13,757,729
|
|
2025 |
2024 |
|
£ |
£ |
ApportionmentofStaffCosts |
73,631 |
81,241 |
Professionalfees(audit,legal) |
67,063 |
50,165 |
TrusteeIndemnityInsurance |
7,780 |
875 |
|
148,474
|
132,281
|
|
|
|
2025 |
2024 |
2023 |
2022 |
2021 |
|
|
|
£ |
£ |
£ |
£ |
£ |
Balance |
brought |
forward |
540,596 |
540,596 |
520,596 |
520,596 |
520,596 |
Donations |
|
|
- |
- |
20,000 |
- |
- |
Balance |
carried |
forward |
540,596
|
540,596
|
540,596
|
520,596
|
520,596
|
|
2025 |
2024 |
EndowmentFunds |
£ |
£ |
Valuationbroughtforward |
3,452,000 |
4,227,000 |
AdditionsatDeemedCost |
783,273 |
69,602 |
NetGainonRevaluation |
133,727 |
(844,602) |
Valuationcarriedforward |
4,369,000 |
3,452,000 |
HistoricalCost |
1,651,894 |
868,621 |
AccumulatedGains |
2,717,106 |
2,583,379 |
b)
Investments |
|
|
|
2025 |
2024 |
EndowmentFunds |
£ |
£ |
Valuationbroughtforward |
154,723,274 |
146,337,137 |
DisposalProceeds |
(46,432,928) |
(52,400,517) |
AdditionsatCost |
43,007,987 |
44,665,876 |
NetGain/(Loss)onRevaluation |
3,690,239 |
16,120,778 |
Valuationcarriedforward |
154,988,572 |
154,723,274 |
HistoricalCost |
130,620,408 |
129,161,723 |
AccumulatedGains/(Losses) |
24,368,164
|
25,561,551
|
|
2025 |
2024 |
RestrictedFunds |
£ |
£ |
Valuationbroughtforward |
519,925 |
481,698 |
DisposalProceeds |
(2,024) |
(1,866) |
NetGain/(Loss)onRevaluation |
7,494 |
40,093 |
Valuationcarriedforward |
525,395 |
519,925 |
HistoricalCost |
427,110 |
429,134 |
AccumulatedGains/(Losses) |
98,285
|
90,791
|
c)
Movementonunappliedtotalreturn
TheFoundationinvestsitspermanentendowmentona
totalreturnbasis(seeTrusteesReportforfurtherdetails).Thenote
belowsetsoutthemovementsonthepermanentendowmentfundintheyearandshowshowmuchofthepermanent
endowmentisrepresentedbythebasevalueofthegift,whichmustberetainedascapital,andhowmuchreflectsthe
accumulatedinvestmentreturn(theunappliedtotalreturn).Transfersfromtheunappliedtotalreturntoincomeareguided |
c)
Movementonunappliedtotalreturn
TheFoundationinvestsitspermanentendowmentona
totalreturnbasis(seeTrusteesReportforfurtherdetails).Thenote
belowsetsoutthemovementsonthepermanentendowmentfundintheyearandshowshowmuchofthepermanent
endowmentisrepresentedbythebasevalueofthegift,whichmustberetainedascapital,andhowmuchreflectsthe
accumulatedinvestmentreturn(theunappliedtotalreturn).Transfersfromtheunappliedtotalreturntoincomeareguided |
c)
Movementonunappliedtotalreturn
TheFoundationinvestsitspermanentendowmentona
totalreturnbasis(seeTrusteesReportforfurtherdetails).Thenote
belowsetsoutthemovementsonthepermanentendowmentfundintheyearandshowshowmuchofthepermanent
endowmentisrepresentedbythebasevalueofthegift,whichmustberetainedascapital,andhowmuchreflectsthe
accumulatedinvestmentreturn(theunappliedtotalreturn).Transfersfromtheunappliedtotalreturntoincomeareguided |
c)
Movementonunappliedtotalreturn
TheFoundationinvestsitspermanentendowmentona
totalreturnbasis(seeTrusteesReportforfurtherdetails).Thenote
belowsetsoutthemovementsonthepermanentendowmentfundintheyearandshowshowmuchofthepermanent
endowmentisrepresentedbythebasevalueofthegift,whichmustberetainedascapital,andhowmuchreflectsthe
accumulatedinvestmentreturn(theunappliedtotalreturn).Transfersfromtheunappliedtotalreturntoincomeareguided |
bytheFoundation'sspendingrule. |
|
|
|
|
|
2025 |
|
|
Trustfor
.
invesment |
Unapplied
TotalReturn |
i
permanent
endowment |
|
£ |
£ |
£ |
Investmentat
1April2024 |
47,921,647 |
83,542,458 |
131,464,105 |
Investmentreturns: |
|
|
|
Realisedandunrealisedinvestmentgains/(losses) |
- |
3,134,212 |
3,134,212 |
Incomefrominvestments |
- |
3,312,048 |
3,312,048 |
Expenditureoninvestmentmanagementfees |
- |
(517,670) |
(517,670) |
Totalreturn: |
|
|
|
Transferstoincome |
- |
(3,312,048) |
(3,312,048) |
Investmentsat31March2025 |
47,921,647
|
86,159,000
|
134,080,647
|
|
|
|
2024 |
|
|
Trustfor
.
invesment |
|
Unapplied
‘TotalReturn |
ictal
permanent
endowment |
|
|
£ |
£ |
£ |
Investmentat
1April2023 |
|
47,921,647 |
72,482,700 |
120,404,347 |
Investmentreturns: |
|
|
|
|
Realisedandunrealisedinvestmentgains/(losses) |
|
- |
11,482,080 |
11,482,080 |
Incomefrominvestments |
|
- |
3,238,739 |
3,238,739 |
Expenditureoninvestmentmanagementfees |
|
- |
(422,322) |
(422,322) |
Totalreturn: |
|
|
|
|
Transferstoincome |
|
- |
(3,238,739) |
(3,238,739) |
Investmentsat31March2024 |
|
47,921,647 |
83,542,458 |
131,464,105 |
d)
Investmentcash |
|
|
Cashheldforthepurposeofinvestingisasfollows: |
|
|
|
2025 |
2024 |
EndowmentFunds |
£ |
£ |
Cashavailableforinvestment |
5,765,983 |
2,147,347 |
|
5,765,983
|
2,147,347
|
TotalInvestmentsvaluationcarriedforward |
165,648,950
|
160,842,546
|
Investmentsareheldinthefollowingassetclasses: |
|
|
|
2025 |
2024 |
|
£ |
£ |
Investmentproperties |
4,369,000 |
3,452,000 |
Investmentpropertyfund |
6,210,296 |
6,092,822 |
UKequities |
22,115,122 |
21,306,807 |
Overseasequities |
103,821,215 |
103,195,685 |
Fixedinterest |
17,557,952 |
20,210,331 |
Privatemarkets |
5,809,381 |
4,437,554 |
Cash |
5,765,983 |
2,147,347 |
|
165,648,949
|
160,842,546
|
9.
Debtors |
2025 |
2024 |
|
£ |
£ |
InvestmentIncomereceivable
Sundrydebtorsandprepayments |
44,943
38,506
83,449 |
176,744
75,441
252,185 |
10.
Creditors |
2025 |
2024 |
Fallingduewithinoneyear
Relatedpartycreditors
Grantspayable
InvestmentManagementfees
Rentalincomereceivedinadvance
SundryAccruals |
£
81,676
3,671,766
63,042
22,937
24,318
3,863,739 |
£
585,262
3,695,941
134,277
9,155
82,171
4,506,806 |
|
2025 |
2024 |
Fallingdueinmorethanoneyear
Grantspayable |
£
2
:
|
£
3,333,333
3,333,333
|
|
2025 |
2024 |
|
£ |
£ |
Operatingleasereceiptswhichfalldue: |
|
|
Withinoneyear |
74,330 |
93,830 |
Afteroneyearbutwithinfiveyears |
115,383 |
191,270 |
Laterthanfiveyears |
1,520 |
- |
|
191,233
|
285,100
|
|
Balance |
|
|
|
Netgain/ |
Balance |
|
brought |
|
|
|
(loss)on |
carried |
2025 |
forward |
Income |
Expenditure |
Transfers |
investments |
forward |
|
£ |
£ |
£ |
£ |
£ |
£ |
EndowmentFunds |
|
|
|
|
|
|
PermanentEndowment |
131,464,105 |
3,312,048 |
(517,670) |
(3,312,048) |
3,134,212 |
134,080,647 |
ExpendableEndowment |
29,427,530 |
- |
(115,877) |
- |
689,754 |
30,001,407 |
TotalEndowment
|
160,891,635 |
3,312,048 |
(633,547) |
(3,312,048) |
3,823,966 |
164,082,054 |
RestrictedFunds |
|
|
|
|
|
|
Members'IndustryScheme |
275,066 |
31,647 |
(31,746) |
- |
- |
274,967 |
CharitablePartnershipsScheme
|
206,899 |
43,738 |
(120) |
- |
- |
250,517 |
Subtotal1327Funds
|
481,965 |
75,385 |
(31,866) |
- |
- |
525,484 |
Members'CharitableFund |
19,817 |
3,120 |
(22,937) |
- |
- |
- |
Threlfall |
70,123 |
1,831 |
(3,533) |
- |
896 |
69,317 |
Wood |
39,451 |
1,004 |
(38) |
- |
520 |
40,937 |
Bowes |
324,444 |
8,804 |
(10,051) |
- |
4,512 |
327,709 |
Milner |
137,142 |
4,313 |
(2,000) |
- |
1,566 |
141,021 |
SilverTrust
|
520,596 |
- |
- |
- |
- |
520,596 |
TotalRestrictedFunds
|
1,593,538 |
94,457 |
(70,425) |
- |
7,494 |
1,625,064 |
UnrestrictedFunds |
|
|
|
|
|
|
GeneralFund |
2,252,807 |
725,600 |
(3,559,862) |
2,848,795 |
- |
2,267,340 |
Goldsmiths'LandmarksProgrammeFund |
1,589,765 |
- |
(321,881) |
463,253 |
- |
1,731,137 |
Covid-19Fund
|
65,950 |
- |
(40,000) |
- |
- |
25,950 |
TotalUnrestrictedFunds
|
3,908,522 |
725,600 |
=(3,921,743) |
3,312,048 |
- |
4,024,427 |
TotalFunds
|
166,393,695 |
4,132,105 |
(4,625,715) |
- |
3,831,460 |
169,731,545 |
|
Balance |
|
|
|
Netgain/ |
Balance |
|
brought |
|
|
|
(loss)on |
carried |
2024 |
forward |
Income |
Expenditure |
Transfers |
investments |
forward |
|
£ |
£ |
£ |
£ |
£ |
£ |
EndowmentFunds |
|
|
|
|
|
|
PermanentEndowment |
120,404,347 |
3,238,739 |
(422,322) |
(3,238,739) |
11,482,080 |
131,464,105 |
ExpendableEndowment
|
35,758,859 |
- |
(125,425) |
(10,000,000) |
3,794,096 |
29,427,530 |
TotalEndowment
|
156,163,206 |
3,238,739 |
(547,747) |
(13,238,739) |
15,276,176 |
160,891,635 |
RestrictedFunds |
|
|
|
|
|
|
Members'IndustryScheme |
243,684 |
31,418 |
(36) |
- |
- |
275,066 |
CharitablePartnershipsScheme |
175,792 |
31,176 |
(69) |
- |
- |
206,899 |
Subtotal1327Funds
|
419,476 |
62,594 |
(105) |
- |
- |
481,965 |
Members’CharitableFund |
60,204 |
4,960 |
(45,347) |
- |
- |
19,817 |
Threlfall |
65,795 |
2,036 |
(2,501) |
- |
4,793 |
70,123 |
Wood |
36,678 |
995 |
(1,003) |
- |
2,781 |
39,451 |
Bowes |
291,439 |
8,872 |
(5) |
- |
24,138 |
324,444 |
Milner |
124,447 |
4,171 |
144 |
- |
8,380 |
137,142 |
SilverTrust
|
520,596 |
- |
- |
- |
- |
520,596 |
TotalRestrictedFunds
|
1,518,635 |
83,628 |
(48,817) |
- |
40,092 |
1,593,538 |
UnrestrictedFunds |
|
|
|
|
|
|
GeneralFund |
2,097,019 |
963,379 |
(13,444,676) |
12,637,085 |
- |
2,252,807 |
Goldsmiths’LandmarksProgrammeFund |
1,374,100 |
- |
(385,989) |
601,654 |
- |
1,589,765 |
Covid-19Fund
|
105,950 |
- |
(40,000) |
- |
- |
65,950 |
TotalUnrestrictedFunds
|
3,577,069 |
963,379 |
(13,870,665) |
13,238,739 |
- |
3,908,522 |
TotalFunds
|
161,258,910
|
4,285,746
|
(14,467,229)
|
(0)
|
15,316,268
|
166,393,695
|
|
|
|
2025 |
|
|
|
Unrestricted |
Restricted |
|
Endowment |
Total |
|
Funds |
Funds |
|
Funds |
Funds |
|
£ |
£ |
|
£ |
£ |
Fundsbalancesrepresentedby: |
|
|
|
|
|
HeritageAssets |
20,000 |
520,596 |
|
- |
540,596 |
Investments |
- |
525,395 |
|
165,123,555 |
165,648,950 |
CurrentAssets |
7,805,121 |
579,074 |
|
(978,456) |
7,405,739 |
Creditors |
(3,800,695) |
- |
|
(63,044) |
(3,863,739) |
|
4,024,426
|
1,625,065
|
|
164,082,054
|
169,731,545
|
|
|
|
2024 |
|
|
|
Unrestricted |
Restricted |
|
Endowment |
Total |
|
Funds |
Funds |
|
Funds |
Funds |
|
£ |
£ |
|
£ |
£ |
Fundsbalancesrepresentedby: |
|
|
|
|
|
HeritageAssets |
20,000 |
520,596 |
|
- |
540,596 |
Investments |
- |
519,925 |
|
160,322,621 |
160,842,546 |
CurrentAssets |
11,594,383 |
553,017 |
|
703,293 |
12,850,693 |
Creditors |
(7,705,861) |
- |
|
(134,279) |
(7,840,140) |
|
3,908,522
|
1,593,538
|
|
160,891,635
|
166,393,695
|
|
|
2024 |
2024 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
Funds |
Funds |
Funds |
Funds |
|
£ |
£ |
£ |
£ |
Incomefrom |
|
|
|
|
Donations |
- |
64,692 |
- |
64,692 |
Investments |
963,379 |
18,878 |
3,238,739 |
4,220,996 |
Other |
- |
58 |
- |
58 |
Total |
963,379 |
83,628 |
3,238,739 |
4,285,746 |
Expenditureon |
|
|
|
|
Raisingfunds: |
|
|
|
|
Investmentmanagementfees |
- |
- |
547,747 |
547,747 |
Propertymanagementfees |
161,755 |
- |
- |
161,755 |
|
161,755 |
- |
547,747 |
709,502 |
Charitableactivities: |
|
|
|
|
Generalgrants |
11,419,340 |
3,434 |
- |
11,422,774 |
Supportofthetrade |
2,289,571 |
45,384 |
- |
2,334,955 |
Totalcharitableactivities |
13,708,911 |
48,818 |
- |
13,757,729 |
Total |
13,870,666 |
48,818 |
547,747 |
14,467,231 |
Net(expenditure)/incomebeforetransfersandgains |
(12,907,287) |
34,810 |
2,690,992 |
(10,181,485) |
Transfersbetweenfunds |
13,238,739 |
- |
(13,238,739) |
- |
Netgainsoninvestments |
|
40,093 |
15,276,176 |
15,316,269 |
Netincome& netmovementinfunds |
331,452 |
74,903 |
4,728,429 |
5,134,784 |
Totalfundsbroughtforward |
3,577,070 |
1,518,635 |
156,163,206 |
161,258,911 |
Totalfundscarriedforward |
3,908,522 |
1,593,538 |
160,891,635 |
166,393,695 |
Recipient |
|
|
Unrestrictedfunds
|
|
|
CHARITYCOMMITTEE |
|
|
GeneralWelfare |
|
|
Freemen'sWidows |
|
2,050 |
GraceAid |
|
2,987 |
|
GeneralWelfare:SubTotal
|
5,037
|
PrisonerResettlement |
|
|
2MAKEIT |
|
30,000 |
GoldsmithsCollege |
|
46,300 |
Landworks |
|
30,000 |
NotBeyondRedemption |
|
30,000 |
ShannonTrust |
|
30,000 |
UnlockedGraduates |
|
30,000 |
Hisbiscus |
|
30,000 |
|
PrisonerResettlement:SubTotal
|
226,300
|
LandmarksProgramme |
|
|
StGilesTrust |
|
83,333 |
AstonUniversity |
|
158,750 |
NationalLiteracyTrust |
|
79,798 |
|
LandmarksProgramme:SubTotal
|
321,881
|
|
TotalCharityCommittee
|
553,218
|
EDUCATIONCOMMITTEE
WingatePrimarySchool!
PHDFunding- UniversityofCambridge
LiteracyPirates
AuroraOrchestra
Wonderseekers
RoyalNTLChildren'sSpringboard
BlackpoolGrandTheatre |
|
55,000
135,000
20,000
17,500
13,444
25,000
23,147 |
|
TotalEducationCommittee
|
289,091
|
WARDENS |
|
GC&DCCompetition |
46,500 |
StPaul’sCathedralChoirSchool |
26,990 |
BenevolentSociety |
25,000 |
FinchleySeaCadets |
18,434 |
SouthHouseSilverTrust:ExpansionofTheGraduateTrainingScheme |
15,000 |
SouthYorkshirePoliceBraveryAwards |
6,000 |
TheLordMayor’sBigCurryLunch |
3,250 |
CambridgeUniversity- Goldsmiths'PrizeandMedal |
500 |
Nationa!YouthBellringingContest |
250 |
LordMayor'sAppeal |
10,000 |
MansionHouseScholarshipScheme |
5,000 |
Sheriffs'AndRecorder'sFund |
2,000 |
GoldsmithsNorth |
15,000 |
TheSilverSociety |
3,000 |
SnowCamp |
2,000 |
TheCollegeofArmsTrust |
3,100 |
PearsonSilverFoundation |
5,000 |
NoGoingBack |
5,000 |
Trials& ErrorEvents |
250 |
StChristopher'sHospice |
5,760 |
GrantsWrittenBack |
|
TotalWardens |
198,034 |
SUPPORTOFTHECRAFT(includingCovid-19Fund) |
|
TheGoldsmiths'Centre |
2,194,661 |
SilversmithsJewellers |
40,000 |
TotalSupportoftheCraft |
2,234,661 |
RestrictedFunds |
|
Members'CharitableFund |
|
TheGoldsmiths'Centre- AccessFund |
10,640 |
BusinessCatalyst |
28,740 |
GoldsmithsCentreFoundationProgramme |
5,000 |
CreativeDimensionTrust |
8,000 |
ApprenticeMedals |
2,160 |
AidanThrelfallTrust |
|
A.Rawlinson |
1,244 |
B.Cowey |
1,500 |
E.Maguire |
752 |
MartinBowesFund |
|
GraceAid |
10,013 |
TheMilnerFund |
|
PolicePublicBraveryAwards |
2,000 |
TotalRestrictedFunds |
70,049 |
TOTALGRANTSPAID
|
3,345,053
|
Recipient |
|
Unrestrictedfunds
|
|
MuseumofLondon |
10,000,000 |
|
10,000,000
|
CHARITYCOMMITTEE |
|
GeneralWelfare
Freemen'sWidows |
2,050 |
GeneralWelfare:SubTotal
|
2,050
|
PrisonerResettlement
PrisonersAbroad
Landworks
Hibiscus
NotBeyondRedemption
ShannonTrust
HardmanTrust
PrisonRadioAssociation
UnlockedGraduates
BeatingTime
OneSmallThing
TerrenceHigginsTrust
Women’sCentreCornwall
ProjectRemake
Grantswrittenback
|
28,333
30,000
30,000
30,000
30,000
28,333
28,333
30,000
58,333
58,333
30,000
58,333
30,000
(10,000) |
PrisonerResettlement:SubTotal
|
459,998
|
LandmarksProgramme
StPaul'sCathedral
|
182,000 |
StGilesTrust |
83,333 |
AstonUniversity
NationalLiteracyTrust |
62,500
50,740 |
BeanResearch:Impact
|
7,416
|
LandmarksProgramme:SubTotal
|
385,989
|
TotalCharityCommittee
|
848,037
|
EDUCATIONCOMMITTEE
RoyalNationalChildren’sSpringBoardFoundation
NEMathsProjectEvaluation
PrimarySchools- MathsTeacher(WingatePrimarySchool)
Grantswrittenback |
5,000
74,464
55,000
(8,206) |
TotalEducationCommittee
|
126,258
|
WARDENS
TheLordMayor’sBigCurryLunch
South YorkshirePoliceBraveryAwards
CambridgeUniversity- Goldsmiths’prizeandmedal
LordMayor’sAppeal
MansionHouseScholarshipScheme
GC&DC2023Competition
SouthHouseSilverTrust:ExpansionoftheGraduateTrainingScheme
StPaul'sCathedralChoirSchool
GoldsmithsNorth
TheSickChildrensTrust
BartsCharity
XLP
JubilantTrust
PearsonSilverFoundation
StChristopher’sHospice
TheLadyMayoressAppeal
TheOld Bailey:Trial& ErrorEvents
CityMusicFoundation
Grantswrittenback
|
3,250
6,000
500
10,000
3,000
58,008
12,000
12,808
35,000
3,600
900
3,600
1,000
4,500
5,760
250
200
1,800
(500)
|
TotalWardens
|
161,676
|
SUPPORTOFTHECRAFT(includingCovid-19Fund) |
|
TheGoldsmiths'Centre |
2,059,290 |
SilversmithsJewellers
|
40,000
|
TotalSupportoftheCraft
|
2,099,290
|
RestrictedFunds |
|
Members’CharitableFund |
|
TheGoldsmiths'Centre- AccessFund |
8,823 |
BusinessCatalyst |
18,915 |
GoldsmithsCentreFoundationProgramme |
4,500 |
AltonArtsFestival |
4,800 |
KristinaMerchant |
300 |
CreativeDimensionTrust |
8,000 |
AidanThrelfallTrust |
|
HArmstrong |
2,000 |
EMaguire |
498 |
BrianWoodMemorialFund |
|
KatrinaGostanian |
1,000 |
TheMilnerFund |
|
PolicePublicBraveryAwards |
750 |
WriteOffBalances |
(894) |
TotalRestrictedFunds
|
48,692
|
TOTALGRANTSPAYABLE
|
13,283,953
|