Rogist•rnd numw. 11767681
Charity number. 1181669
The Upholders Charfty
(A company Ilmltod by guarantoe)
Tru$ts••' rnport and financlal stat•m•nts
for the y•ar endod 31 Decem￿r 2023

The Upholdern Chartty
{A Gompany Ilmlted by guaranl¢o
Contents
Page
Ro101￿¢* and admlnl•tratlve dglaMB of th• Ch•rlty. Its Tn*t••* and •dvl8ws
Tru•t•••' r•port
Indop•nthTrt •xamlnorf• r•port
Statsm•nt of flnancl•l •ctl¥ltl•8
Balanc• •h•et
Nots• to the fin•nclal •lat•m•nt•
8-15

The Uphold•rn Chartty
IA wmpany Ilmltod by guarants•l
Retsrence and admlnhtratsve dètslls of the Charfty, Its TnMl•M and •d¥lur4
for th• year end￿ 31 Decembèr 2023
Trust•￿ and dlrn¢tov• C F HO￿nan
R T Nev8rd
S P Tanner
A E Usher
A E Demby
Company rgghtsv•d
numbgr
11767681
Ch*rlty r•glst•r•d
numb•r
1181869
R•gl#tsr•d offlo•
70 Easiw
Wltham
Essex
CIA8 3YE
Accountants
Kr88t1￿ R8eve8 LLP
Chartered Alxountsnts
2nd FIOOT
168 S￿￿￿1t￿ Hih Street
London
E18RA
B•nk•rn
Nallonal Wèslm#thter Bank PIC
InV￿lMont man*g•r• M&G In¥tsb)￿nts
Page 1

Th8 Upholdern Charlty
IA ¢ompany Ilmlted by guarnnlee)
Trnsts¢$' roport
forth• yoar end•d 31 D•¢•mb•r 2023
The Trustees present the￿ annL￿4 report toget￿ with thg finanrAal statements of The Upholder8 Charity for the
penod l January 2023 10 31 December 2023. The annual report $erves the purposes of both a Trustees, report
and a directors, report under company law. The Trustees confim that the 8nnuaJ report and financial stslements
of the charitable company compty wth the current statutory requirements. the requiremen18 of the chaiilablo
companls goveming document and the provisions of the Stslement of Recommendgd Pract￿2 ISORP)
applicable to chanlies preparing their acc>)unts in aCCC￿danc* wrth Ihe Financial Repo￿n9 Standaid appllcable in
the UK and Repubk of Irdand (FRS102) (0ffgcth8 1 JanLWy 2019) as amended ty Update Bulletin 2 (effective
January 2019).
Since tho Charity quallfies as small under SectV￿ 382 of the Companies Act 2(th. the strategic report requir8d
of medium and krge companies under the CompaNes Aci 2006 IStral8g6c Report and Directors, Rtrporti
Regulakn"on$ 2013 has boon omltted.
Obl•¢tlvts and Kllvhl
•. Polkl•• and obJ•cU¥g•
The primary objectfves of the Charty are Sel ￿ in the Memorandum of As8wats"on which are to 8UPPOrt tho$•
in both thè Upholstery and Funeral trad0$ thrO￿h the kYtivis￿ of s¢holarships and prizes as well as those who
find them￿# in Med. Tho Charity a180 supirfffi oth&r CharEtab￿ cauges with an 8mphasls on the Ctty of
London.
b. Str•tsgl•• ft*r •¢hl•vlng oblg¢tlv
In setting objedlv88 and planning for aL*¥ilies, thg TnMtts8 havo gWI ￿nSIdera￿On to g8n•ral guldanc¢
published by the Charity Comml88ion relallng to pubkc benefit, induding th8 guidance 'Public ben8fl1'. running a
charity IPB21. The Trustegs confirm thal they consld8r thai the Ch8nty$ ststed objectives meet tho l&sl of béing
for thg publlc b8n8fiL
c. A¢tlvltlM und•rtak•n to •¢hl•v• obl•th
The Upholdors Chwlly has eslabllshod a stholar3hip 8cherng w6th •ldllional funds provlded from the Estsla of
The Late Bob Fowlds which is kntywn as Tre Bob F¢y•thlds Memorial 8ursarf This is usod to prov￿8 financial
88818lance lo indlvhluals wantkng to Part￿p*9 In trahing In Upholstwy or Soft Fumishlngs who mlght othorwisè
not be able to do 80.
All Liverymen of the Wcv8hipfvl Comp4ny of UphofvJer3 ore encouraged lo mako annud don*bn8 to thg chadty.
In additlon. from time to time, speaal fLm¢&rnisry Inthti￿S lake place.
Page 2

The Uphold•r4 Charfty
(A coM￿nY 11m1t￿ by guarnnte•)
TTUStee8' report {contlnued}
for th• y•ar endod 31 Dgcemb•r 2023
{contlnuodl
a. Maln *chl•v•m•thts of th• Charlty
The Charity ger￿rated income of £36,566 and had expendiiurè of £18,381 resulb'ng in a surplus for the year of
£18,185. The Incre88e In Income wa8 w1ndp￿ty du& to the futKknising walk undertaken by Junior Warden
Roger Wales which g￿erated £19,672. The int•ntion of the Trustees is that incoffle from donations wiu be spent
in the year they are raised. As ts walk took in sept￿nber 2023 proved not to b& possible birt I
fund8 r8lsed wll be 8penl In 2024.
Tho gains on 1nW8tm￿rt8 8fos• on the INu*Jabon of the 8888ls held in the Poter J**8on and Ntivil￿ Hayman
charities as part of the winding up procedure for those thanb"es. The fund8 from their disposal were hekl in cash
81 year end but b8 reIn￿sted in 2¢rd4 to gèrwated Incomè in atxordance the Charws invgslmonl
pdlcy.
In 2023. bur8ar1è8 wizo8 ¥Mre 8VArd8d to Support the tralnlNJ and ed￿tKIn of 8ludents. Th08e Includod
81x bursades from the Bob Fowlds Memorial Bursary Wh￿ were ￿arded for £1,5W aath. awards from the
Ushgr Travol Bursary of £1.￿0 gath and annual prizes al the London M6tTopolit8n Untvèr8ity lotslllng £1,300. In
addition. funds were paid lo thrne relirtd uphdslerers arml thèir famllès to suppfament thelr p8n8Ions.
None ofthe Trustees ￿C￿ve any th8to ljonefft from the ac￿¥111￿5 olthe Clkirlty.
Flnanclal rnvl•w
. Golng ¢on¢•rn
These accounts have boan prepared cffj ¥ Ong concom bas18 whlch thg Irusle8s ￿nSIder lo be appropriats.
The trustoes balle￿ that tho Charty has *dequat8 resourth$ to ¢￿tInue kn oper8t4ond exlslence for the
foreseeab￿ fijlure. For this reason they ts)ntinue lo adopt the going concem ba818 in preparing the fln8ncial
$18tgments. Further detall6 Fegardlng the of the conc4m basis can bo fouNI in th8 Accounting
Policies.
b. RoMrv•s poll¢y
The Charity look to in¢rnase ts r8ser*ès IJ￿0U￿ th• ttbg &￿fOrManCe of the Unded￿n9
Investments.
Structurn. gov•rnanc• and m•nagMn•nt
. Constitutlon
The UpholdeTs Charity L8 registered as a i*arilable ￿MpallY. 11 w8$ 88t up sel up by 8 memorandum of
Assoaation on 15 January 2019 and incorporates Ihe Worshipfvl Company of Upholdets Newlle Hayman Charlty
and the Worshipful Company of uphokIe￿ Peter Jac*son Chanty. The mwger has been ￿gIstered on 21
Febwary 2024 with a transfer date of 31 October 2￿23 for the Peter Jac*son Charity (2062831 and 30 November
2023 for the Newle Ha￿an Chafrty (107159n.
Page 3

The Uphold•r¥ Charfty
IA Company limited by guarants•l
Trust•és' r•port (continu￿}
for the year ènded 31 Decembw 2023
Stru¢turn. gov•man¢o and m•nag8m•nt l¢onllnu•d)
b. Al•thodi of appolntm•nl or election of Tvu•t•••
The man4gement of the Charity is the rosponsibilrty of the Twstees who ar8 eleca&J and COpOPte(l under tho
lemis of the Memofandum of Assouathin. The trustees *e appointod for a maximum tomi offve years and are
limited lo ts¥o terms.
During the year. RT Nevard w88 re418dgd as a Trnsteè for a 80c¥)nd and final teffli of fve year8.
c. Organl•*tlonal •lnthr• Ind d•cl•lon4nathg poll¢l••
The tru8tee$ meet on a regular baw¥ to de&Je upon the distrknuoon of awards and managemerrt of the
Chariiy.
stst•mont of Trustw•' rHpon¥lblllll•g
The Trustee8 (who are akn th# dIr￿lIN5 of ts Clity for the pu￿8￿ of ryNnpany lawl arg respon￿bI6 for
préparing the Tw8lees' rei>)rt and the financial staièment8 in awyd8ne* wilh aP￿Icab￿ law and United
+•
Klngdom Accountlng Standards (Unrted Kingdom Ganeralty Acc*gd Accounting Pr8ctKel.
Company law wuSres the Trustees lo prepar* finandal slalèmenls for each fin8nci81 y¢ar. Under Company law,
the TnJ8lees must not 8pproNp Ihe f￿￿ncIal stslements unless arg sabsfied that th8y glvo 8 true and f8lr
view of the slal8 ol affalrs of the Charty and of its mtoming resources arKI appI￿8th.0n of r8sour¢gs, includSng 118
incomg and exp8ndilur8. for that pe￿0d. In preparlng thèse finanaal st81ements. the Tru818è8 afg rfjquired to."
6fr1gct sutt8bl6 a¢￿intIng p)&ts'es then apFly th8m con8i8t•nty.
ob88Ne the methods Ind prinoplos of the Charilies SORP IFRS 1021..
make judgments and aco)untir#J estimates thal are r8asonablg and prudent,.
Slate whether applicable UK Accounting Stsndards (FRS 102) have b8en folk)wed. 8ubjeGt lo any malerlal
departures dlsdosed and expbained wi Ihg financ4al stslomgnts:
prepare the financial stslèments on Ihe g¢)w¥J ¢crfKem bas￿ Ur￿￿1 tt 18 Inapyroprlate lo presume that thè
Charity will ￿rrtinUe in busine8S.
Thè Tru8lee8 are respons￿e for keeplng adequate aLtounting records that are suffldenl Io show and explain
the Charills transactions and disdose with Teasonable a(#>Jracy at any time thè finanaal posrtion of the Charrty
and gnabse them to ensure that th8 financial sL*em8nts comply with the C¢)mp8ni88 Act 2006. They are also
responsible for safeguarding the assets of the Chanty and hence for taking rgasonable steps for the prevenlbon
and detaotion of and other Irregularities.
Approved by order of the membe18 ol the board of Tru8te68 on
behalf by..
15PffiL20
and Signed on thelr
H¥yman
(Trustee)
Page 4

Tho Upholdorn Charlty
(A company limited by guarnntee)
Indep•ndent examlnofs rvport
for the yo•r •nd•d 31 D•cemb•r 2023
Ind•p•nd•nt •xamlngrf8 rnportlo th• TnMt•os of Th• Uphold•rn Ch•rlty Charl
I report lo the Chwity Trustees on my ex•mmatkn of the ar￿unts of th8 Charity for the year endad 31
Decgmber 2023.
R￿ponSIbIlItI•* and of rnport
A8 the Trustees of the Charfty (and Its dlredors lor the purposes of company W you are r88pon8ible foi the
prepar8don ofthe accounts kn •x4)rdanc* with Ihe requlremerrt8 ofthè Companb8 Aca 2006 nhe 2008 Art}.
Having ￿liS1oe￿ my8eW that thè aci>)unts of th& Chwty not required to be audited under Part 16 of the 2006
Act and are ellgible for indèpendent eXaminat￿n. I report in respert ol my exarninalh)n of Ihg ChaTiltys a￿￿nIS
carried out und•r section 145 of the Chanties Act 2011 Ctho 2011 Act'l. In (zrTring out my examination I have
foll¢yw8d the Direct￿*8 given by the Charty Comml88lon under Section 14515llb) of the 2011 Act.
Ind•p•nd•nt•xamln•f• •lat•m•nl
I have completed my examlnatlon. I confimi that no mattgrn have oirne to my 8ttentk* In c￿neCtIOn wlth the
examinalion g￿ng me Cause lo belleve".
8¢￿un￿￿g record¥ wère not kept in r•8pecl of tho Charity as roquired by s￿bOn 386 of the 20l￿ Act., or
the a¢￿unIS do not ac¢oTd wrfh th080 r8cord8; or
the accounts do not Compty with thè wAxmttrvJ rfjquiremenls of 8èCtlon 396 of the 20C6 AGI other than
any requirement that the A￿)￿{9 9Ne a 'twe and fa¢ viffw whlth is nol a matter conwdored as part of
n Independent examination.. or
the accounts have not bèen preporod In *o)rdonc• with the methc*Js and principkn of the Slatemenl of
Recommended PT8¢Aic8 fty acc4Junling and rewting by charth'ey applkabkn lo ¢hadlS98 prgparing Ihglf
accounts in aCcord￿ce wth the FI￿1¥??1 Repo￿"n9 Standarf appli￿bI9 In the UK and Republic of
Iroland (FRS 1021.
I have no cone8m8 and havo com• aryoss no other matters li wlth the examination to which
attontion Should be drwb in th18 report in orderto enab￿ a proper underntanding of the accounts to be reathod.
This report 18 made $018ty to the ChaiiV¥ Tnffjteos. as a body. in ac£ordanc• Part 4 of the CharW8s
(Accounts èrnJ Reports) Regulaticffls 2(#)8. My Wofk has been undeftsken so that I State lo the Chariws
Trustèès those matter5 1 am raquired to state lo Ihem In an ind8pendenl examinerfs report and for no other
purposa. To thè fvllest extent pemitte(I by1¥4V. I do tN)t ac￿p1 or assume ￿ponsIbl1ty to anyone ot￿r than thè
Charty and the Charity$ Trustees as a body, myt*ork or for this report.
Sb3ned'.
Stephen M05s BS¢ {Horts) ACA
Kr•slon Rwv•s LLP
Chartered Aw)unlanks
2nd Floor
188 Shoreditch High Street
Lorvjon
EI 6RA
Dated. 18 2£)
Page 5

The Uphold¢rn Charity
IA Company Ilmltod by guarant••l
Stat•m¢nt ot financlal activloes {incOry￿11n9 incom• and eXp￿d1￿M account)
lor tho year ended 31 D¢¢ernbor 2023
Tot•1
funds
2023
Total
funds
2022
nds
2023
fvnds
2023
In¢om& from:
Donations and legai?08
Investments
24020
6.659
2S.S20
11,046
20,524
10,722
SA87
Total In¢om•
Expendlturo on:
Charitable 4ctivlti•8
29.679
6,987
36.566
31248
6.481
12.900
18,381
18.982
Totsl oxp•ndltyr•
N•t Incomell•xp•nd1￿rn) b•lorn n•t
g•ln• on In¥￿tMents
12.9110
18.381
18,962
15,9131
18,186
12,284
Net gain$ on Inve8trnonts
N•t movom•nt In fund• b•for• oth•r
r•cognl8ed galn8lllo¥•M)
Other rncognls•d galn•llloi#••):
L0888s on rèvaluation of r￿ed assets
56,093
68,093
80.191
15.9131
74278
12,284
11246
123161
118,138)
Not movèmént In fund•
R•conclllatlon of fund•:
Total funds brought forward
Nèt movement in fvnds
18,119
69,817
(5.852}
299,791
131.028
18.129)
430,819
8•.817
436,671
{5.852)
Total lund• ¢afrl•d forward
3TI.737
122,899
500.138
430,819
The Statement offinanryal a(*¥ihe$ Indudes 81 gth$ and bsses recryn08ed in the year.
The notes on pag8$ 8 10 15 foryn part ofth888 financial 8ts1emants.
Page 8

The Upholdern Charfty
IA Company Ilmltsd by 9varnnts•)
R•gl8ler•d nUm￿r. 11767681
Bal•n¢o •h••t
as at 31 D•c•mb•r 2023
2023
2022
Flxod ••••t•
Inve8tsnènts
185.397
355.186
186.397
355.166
Curr•nl ••••ts
Debtorn
Cash 81 bonk aNJ In hand
10
984
314.255
9,882
67.621
316239
n.503
Creditors.. amounts fahng du8 withkn ong
year
11
{1.8501
N•t current •M•ts
316,239
75,653
Tot•1 8•••t•
500,636
430.819
Charlty fvnd8
Restrided fur
Unre8lrlcted lund8
12
12
1218
377.737
131,028
299,791
T¢)lal fund•
SIM>.636
430,819
The Charity was entitled to èxempthn from audlt under sedlon 477 of tho Compan￿$ AGI 2008.
The membors have not required the o)mpany to obtsln an for th8 year In qimllon In acwrdance wlth
8eCtitin 476 of Cornpan￿ Act 2(th.
The Trustees acknowledge thew ￿nSib￿ttieS for complytry wdh requlrements of the Aca wlth respect to
accounllng records and preparallon of fin8ncaal ststements.
The financial statements haw b8•n prnpored n aC¢Ord￿ with the $Yov￿lOn8 8pph'cable to entitle8 8ublect to
thg sm811 oompanies regim*.
The flnancb81 statements were approved and auth0ri8ed for Issue by the Tnjstegs ￿ IE ItrLL and
s¢gned on their behalf by.
C F Hayman
Truslge and Direc4or
The notes on pages 8 to 15 fomi part ofthese )Inan(xal statern￿.
Page 7

Thé Uphold•r* Chartty
IA company Ilmltsd by guardntse)
Notss to the financial statemgnts
for the year èndad 31 De¢emb¢r 2023
Gon•rnl Inforniatlon
The Charity is con8lrtuted under 8 Memorandum of Association undef the law8 of England and wa￿8. Its
règistered office atKI principal Fdace of bwness 70 Easlways, Wrtham. Essex CM8 3YE.
The primary obkn$ of Ihe Chanty are sel out In the Memorandum of Asswation whth arg to 8UPPOrt
those in both the Uphc4slery and trades Ihrough thg prOvisw￿ of scholarships and prizes 88 wel
as those who find thems8lve8 ￿ need. The Charty also suppcvt other d)aritat4e causes wtth an
emphasis on the City ol London.
Ac¢ountlng Wl¢l•¥
2.1 Bafyls of p￿￿Tatto￿ of flmnclal
The financial slat8mgnts h8ve b8en prepa￿d in wrdance w41h the Charilles SORP IFRS 1021-
Acc4)unting and ReF*Jrting ty Chaliies." Stsiemenl of Racommonded Pracaice aP￿l￿b￿ lo charitie8
proparing Iha"r accounts in aco)rdance wrfh the Financial Rèporting Standard applicable in the UK
and Repu￿1¢ of Irgland IFRS 1021 (effectrv8 l January 2019). the Financial Raporting Stsndard
applie4b￿ in the UK and Rowblk of treland IFRS 102) 8nd the Compgnles Act 20CO.
Th8 Uphoklers Charity meets th& definltlon ol 8 publk b8nefft endty under FRS 102. As$ets and
Ilabltti8$ are inrt￿Ity recogni8ed at hthrKal or transacllon value unl088 othoM8e stèt￿ th th1
ro18V8nl acr*Junting poly.
2.2 Golng con¢orn
These actounts bogn prepared on a gory 4>Jncxm bo818 vthlch the tru8lee8 ¢on81d8r lo b8
approprlate.
2.3 In¢om•
All Income 1$ rto)gn189d one• Ihe Charity ha8 entrt￿ment to th8 incomè, tt 18 prcii4ble that the
InD)m8 wll te rec8r4ed and the amount of income re￿vable can be measured relSably.
Inmme tsx recover4bl& #) Tglalk)n to kn¥gsknient Income 18 rgctynis•d at the tlme the investment
incom8 18 recelvth.
2A Exp•ndlthrn
Eyndrture is recognised onea Ihere is a ￿gaI or con8t￿ obllgatKffl to transfer gconomk b8nefrt
10 8 paty, it 15 probable thal 8 transfer of etsn)mic beneffts ￿11 be required in sgttlemanl and
Iho amount of the Obl￿at￿n can bo measured Tel￿b￿. Exp8ndtlufe is dassthed by 8¢tMty. Th8 costs
of aach are made up of the total of direcl costs and shared ujsls. induding support costs
InNblv8d in undertaklng each activty. Direcl costs attributab￿ to a singl& arè albcaled directty
to that actNity. Shar9d costs V*thich o)ntribute to more than one aclmty and support costs which ara
not attn'butabk Io 8 S•ThJ￿ acliwty are apporboned between those activities on 8 basts consislenl with
the LL8e of resources. Central slaff costs are alocaled on the basis of ts'me spent. and dep￿rAatIOn
tharges alk￿ted on the witson ofthe asseY$ use.
Expenditure on tharitable ac*vrties is incurred on dir* undertaking afAlvib98 whic* lurther the
Charitys obJ'ec*ves. as well as aw assoc4ated suptmxt costs.
Grants payabte are charged in the ye8r when the offer made excopl in those cases where the offer
is conditional, sud) grants betiig roc4)gnised as exw)ditur8 when the cg)ndilion8 attaching are
fv1fi118d. Grants offered Subject to condilions which have not been met at the year end are noted as 8
commitment. but not accrued as e¥pendibJre.
Page 8

Th• Uphold•n5 Charlty
IA company 11mll￿ by guarnnto•)
Notes to the finanel•l ¥tstements
lorth• ￿*r •nded 31 DK•mbor 2023
Accountlng poll¢l•4 q¢ontlnu•d
2A Exp•ndltur• l¢ontlnu•d)
All exwidttur8 18 indusple of Wro￿¥81&ble VAT.
2.5 Inv•8tm•nt•
Fixgd 888et Investments are a form of finandal In81rumenl irKI are inthalty r8CJ)gnised al thèlr
Iransadion ￿81 and subsequently m9a$urod at fair value 81 the balance sheet dalè, unl¢ss the value
cannot be moa$ur8d reliatAy in whth case it is m￿SU[9d at Q)8t18ss impairmènt. Inveslmonl gam8
8nd losses. whelher realised or unre8ltstd. are combingd and presented as 'GainsllLossesl on
Investments. In the $tatem8nt of finarthl a(aiiitth.
2.6 D•btorn
Tr* a￿j other deblors aro ra¢ogni8ed at th8 881tlèment amoth)l after any trode dl8o)unt offerad.
Prepayments aro ¥a￿ad at thè amount prepaid net of anytrade d18¢0unts duo.
2.7 Ca•h at b•nk and In h•nd
Cash at bank aNJ in harKI indud68 fA8h a￿1 shryt4emi hwhly Ilqukl M)v8stsnanl8 wllh a short maturfty
ofthreo month¥ or I￿ from the date of acqulgilltin or op8ning ofthe ￿POs￿ or ￿MIlar account.
2.8 Ll•blltl•s and prn¥tslon•
Liabi161188 are recognlséd when there is an oblgthn at the balancé shfjfjl date 88 a result of a p481
event. il is probat40 that a trar￿ter of gc4)nomK benefft wll b• required Settlement and the amount
of the settloment Can be estimated rekabty.
19 Fln•nclal In•trum•nts
The ChaTity onty has financial assets and fmaTKial liabiltttgs of a klnd that qu8hfy as baslc ffnancl81
Inslrumenls. BasK fmanci81 instruments are inilialty recognised al transaction value and subsequently
measure(l al thwr 8elflem8nt value wlth the except6)n of bank loarra whith ore subsequenlly
Ineasured al amortised (*J81 using the effec11￿ interest method.
2.10 Fund accountlng
General fvrKls are unrgslriL#ed lunds whith are wISab￿ for u88 al the dis(¥etion of the Twstees In
furtherance of the general obpctives of the Charity and which have nol been designalgd for other
purposos.
Restricted funds are funds which are lo be usod ￿ a￿rdance with speafK restrlclions imposed by
donors or whith have been raised by the Charity for particular purposes. The cosls of raising and
administering such funds are charged agamsl the speufic fijnd. The aim and use of each restricted
fund 18 86t oui in tha notes to th& financ￿ statwnents.
Inve8th￿nt incryne, gains and losses arn olkK*led to the apprcpriate fund.
Page 9

The Upholdern Charfty
{A company Ilmlt¢d by guaran1••)
Nots$ to the financial $latsm•nts
for the year ended 31 Doc•mber 2023
Incom• from donatlon¥ and ￿a¢l•S
Tolal
funds
2023
Total
nds
2022
fund•
2023
fund•
2023
DonatK)n8
Gbft aid teco¥erab
23,036
24.538
16,119
4.405
24.020
25.620
20,524
Total 2022
20,524
20,524
Invvlm•nt Incom•
Unrn•trl¢tsd R••trkt•d
nd•
fund#
2023
2023
Total
lund•
2023
Total
funds
2022
Irwmo from local listsd inveslments
5,559
5,487
11.046
10,722
Totsl 2022
5.397
5,325
10,722
Pagg 10

Th• Upholdorn Ch•rfty
IA ¢omp•ny Ilmited by guarnnts•
Notss to tho ftnanclal $tst•fflents
ft)r th• year •ndod 31 December X123
An0￿1¥ of wAnts
Grnnt• ts) Gr•nl¥ to
Imtituliom Indlvldua
2023
2023
Totsl
funds
2023
Total
fund8
2022
Grants and ward8
2,820
15.450
18270
18.915
Total 2022
S.015
13,900
18,915
The Charity has mado thg fr￿kn￿n9 m8kni81 • to in8itLrti(m durfng thg ytar..
2023
2022
M•m• ol In•lltsrtlon
Brltlsh Hèart FourthtK
Lord Mayorfs Appoal Ch8rttablg tlonalions
Cty S￿claI Events- Gardon ol Rom0mbran￿ Serl
Air Ambulan(
Dlsasler¥ Emeryency C￿MIttl0
Fine Cell Worf(
BrM8h Red Cross
Church of England Chiklrens. Socknty
Almonerfs Donations
260
1.500
200
1,050
190
1.275
500
1211
2,820
4,015
Othèr grants to institutions
1,o¢JJ
2.820
5.015
An1￿11 of expondlthrn on charll•bh *ctlvlU
Summary by fund typ•
T¢>l•l
fund•
2023
Total
funds
2022
funds
2023
funds
2023
Grants aw8rds
Sunthy expenditute
5.370
12.
18.270
111
18.915
47
Tolal 2023
5.481
12.￿
18.381
18,￿2
Totsl 2022
7.762
11,2(Kl
18.
Page11

The Uphold8rn Charlty
{A company limited by guarantse)
Notss to th• financlal statéments
lor the year onded 31 Docember 2023
Anaty81• of •xpendltyrn by a¢tMII•s
Grant
fundlng of
Support
costs
2023
Totsl
nd$
2023
Total
fvnds
2022
2023
Grants and awards
Sundry expendrturg
18.270
11,270
18,915
47
Total 2023
18,270
111
18.381
18,962
Total 2022
18.915
47
18,962
rN•t•••' r•mun•ratlon and •xp•n•
During the ￿•r. no Trustees any ramu￿￿110Th or other bonefft812022- £NILI.
During the ygar endod 31 DeL￿ber 2023. no Trnstoe ex4)onses havo been Incuffed12022. £NILI.
Flx•d •s•ot In¥•¥lm•ftts
LSstod
Inv••tmgnts
Valuatlon
Al l January 2023
DIspo8alg
Revalyallon8
3SS.168
116S,3081
{4.4611
At 31 De¢Ymber 2023
185.397
N•1 book valu•
At 31 December 2023
186.397
At 31 Dec*mbw 2022
355,188
Page 12

Th• Uphdd•v• Charfty
IA comp•ny Ilmlt•d by guarantso
Motes to the financlal statements
for th¢ year •ndod 3109￿M￿r 2023
10.
2023
2022
Du• wlthlD on• y
Tax recoverable
984
9,882
11. Cr•dllorn: Amounts f•lllng du• f*lthln on• y••r
2023
2022
ACen￿lS and deferred irwmo
1,850
12. Stst•m•nt of lund•
Stat•m•nt oflund¥- ¢urr•nt y••r
Bol•nc• at
31
G•ln•l D•c•mb•r
ILo•M•l
2023
lance at 1
J￿￿•ry
2023
Inc¢)m• Exp•ndknr•
Unrnstrl¢t•d fvn
Uphddern
219.791
IW11
377.73f
R•#trlct•d fvnd•
Bob Fvwlds Memotsl
Scholarship
Thè Derek Austkn Awanls
The R Ushgr Trav81 Butsary
100,228
2.800
110,800)
111KII
12,0001
12.2161
94,199
2,700
26,000
131.028
{12.9001
12.2161
122,899
Total of lund•
430J19
61,632
500.636
Page 13

Tho Upholders Charlty
IA eompany limit￿ by gu•Antoe)
Nots• to the finan¢lal Jtatemonts
for the year ended 31 December 2023
12. Statam?nt of funds {contlnu•d)
Stat•m•nt of funds. prlor>Tar
Balance 81
31
Gain￿ Dec6mbgr
(Lo886s)
2022
Balanc* at
1 January
Income Expendlture
Unr••trl¢l•d fvnd•
Upholder8
25.921
(7.762)
(12.5741
299,791
RMtrlct•d fund•
Bob Fowlds Mamorial
Scholarshlp
The Derek Austln Aw8rdB
Thè R Ushor Travol Bursary
111.585
5,325
(11.100)
1100)
{5,562)
1C*)228
2,800
28.(X)O
142.465
111,2001
15.5621
131.028
Total ollund•
436.671
(18.
(18.136)
430,819
R••trlct•d fund•
Thg R U8h8r Trovel 8ur8ary has been fom*d ty a donation in memcrfy ol R Usher and WIN be used to
asslsl wrth the travel costs of students offumliurfj m8king in pursuing their furth8r $tudi8s.
The Derek Austin Awards are an annual glwi in his name.
The Bob Frywlds Memorfal Scholarship b6 used to provldè finanwl assistsn￿ to Indlvidu4ls wantlng
to parNdpate in tralnmg in Upholstery or Soft Fum*hing$ who mlghl oth8rwise not be abl8 to do so.
Page 14

Th• Upholden5 Charfty
{A cOM￿nY lknltrd by gu•r•nts•
Nots¥ to th• financial ¥tstsm•nts
lor th• year efid￿ 31 December 2023
13. Anaty•l• of not M•ets b•tw••n fund•
of n•t •wts b•t￿￿n lund•. cumnt y
vnmtr1¢t￿ Re#trlctsd
fund•
funds
2023
2023
Total
funds
2023
Fixed a8581 investmfjnts
CLThnl 088818
93.310
284,427
92.087
30,812
185,397
315.239
Totsl
377,737
122,899
500.636
An•ty•l• of n•t a•••ts b•twwn fund• . prkn y•#r
Unreslrlcw Re81rldgd
funds
funds
2022
2022
Total
fund$
2022
Flxed oss•t In￿StMents
Current a880ts
Crodttors duo within one year
280,883
38.V28
94.303
38,575
11.850)
355.186
77,503
11.850)
Totsl
299.791
131,028
430,819
Page 15