Charity R￿IStratiOn No.. 1188231 THE WOOLMEN'S COMPANY CHARrrABLE INCORPORATED ORGANISATION TRusfEES' REPORT AND FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2022 THE WOOLMEN'S COMPANY CHARrrABLE INCORPORATED ORGANISATION coKrEKfs FOR THE YEAR ENDED 31 MARCH 2022 ReF*yi of the Trustees IndepaThJent Examin8f$ Repyxt Stat8meftt of Flnartial ktiv6t Balan￿ Sha8t A¢¢wnUrwJ Pol¢les Not88 to the Finardal Siatemants 10-14 Page I THE WOOLMEN'S COMPANY CHARrrABLE INCORPORATED ORGANISATION REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2022 The Trustees havo pleaswe in presentirwj their anwal rw and tholr Itnarthl Swements for the year er￿Qd 31 March 2022. ObJ•ctlvè8 •nd Acllvlll•• The Obj8ctlv6s ol tha charty are to promote the wod irKIu5ty intwest In W￿1. wcd prolknts. th9gP farming, shearing. produclion. textikns arKI design, re5earth into aKpropriale velerlnary proGedures and praGtlces, ethKatlon felevant to the Indltsty and lo twomthe City ol LoThJon in gangral arKI tha Lwory movement In particular. The maln actiwltes urKlwtakan fv achth the oLlecbves are:. Continuing wtth arnl enhakKirwJ In Wool award, In pArtngrth* wtth the Staple and the Campalgn for Wool. . Academ￿ Achwemem awards to St￿18nts *LM*lng on c￿1$08 rdated to w￿)1 pro(*Jct8 arKJ textiles, wool pr(vj￿I￿n or strw) lamiing. . Practlcal *£hlevem8nt ayrdrds fry shé8p sh8aAtYJ com$￿￿￿ al malor agr[￿lIural shows held throughout tha UK. . Charltthe (lonatiorB lo org8nlsath)rn cme3 frryn ann￿￿1 donallons from LIVe￿an. n81 proco&ls from evellt5 and Investment In￿rne and galng. A surplus of £38,027 has arlsen durfvy the ￿ar Twhlch Is largety to great of Th8 Sheep Drive and knvery Falr. Inv8Stments have mauitar*d their recovery from the paThJemic ¥￿th an iwoaso in both r8tum and valuallon. Th88e fa¢ttys combinedleave thts Charity in a Strong fnancial postion at the eThJ of the year wrth unrwl¢ted resgrv8s ol t929.0451 £&35,667 at 31 2021). Inv￿lmOnt Pollcy The Iruslees have delegaled Investrnent management respK)nslbllty to tho Investrnerrt A4vl$ors and all Invèstments have been acquir&l In &cordarKe ￿th th8 statutory ptywers availaL*e lo the trustees. Irwestment rlsk Is manag&J by reqiiring ihè Investmerrt manajer to aknpt a dknfsW Invastrnenl 8trategy, the outcomo of which is monitorwj by th8 trustg9S. Structure, Gov•rnanco and On 1 Aprfl 2021 all assets, I1￿111]85 and furKts wore tran￿81[￿$ Irryn The Woolmen's Company Charitable TNst. registored charity numbèr 262211. Comparatives throL￿1￿)Ut relate to this charity. The Charitable ckn1g￿lV0S remain U￿haryed and tsre signifKant clww in th8 b8n8fklarbs. The Irusiees ot the pffjVi0￿ charfty are Th)w thg members of the CIO. The Wcdman's Company Charit*0 In￿rporatsd Oryani8alk>n Is feLlStor￿l with Charity Commi$8ion undgr number 1188231. tt is w¥em￿l ty a ConstIlu￿in daied 2 January 2020. M&mbershl) of ihe Charty is q)en to any irn1p1i¢k￿ wtrK> 15 wrronty a vthirwJ mernbor of th8 Court of the Worshipfvl Compary of Wooknen. The Master of the WotshiphA Compary of WTr)knen shall automali¢*ly. by virtue of tw)kthThJ that office. be a charity truste8 for the torm of their offiGe. In addr11￿, ￿re must t* a mlnlmum of three and a maximum of six elected tnjslees. At every annuaj gen9￿1 meetlng of tho mon*Jer3 of ￿ cforlty onB INrd of elected tru3tees shall rffllre by rolalion, starting with tknè vtho have b88n knrwt In oifK*. p￿?8 THE WOOLMEN'S COMPANY CHARrrABLE INCORPORATED ORGANISATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IAARCH 2022 Charlty Commlsslon Ll•t¢d TriistM• Thè lolk)wing Truste88 havè hdd offieè th1o￿h¢Art tho >wr. The Rlght R8vererKI P F Hullah Reslaned 27 NovemLw 2022. Profe880r A J Barker J t)onovan CBE Fl E Haygs D A HopkiTr¥ Lt. Col. P G Lyn¢li A108rman Sir David Wootton R•gi•tsr•d Mdr 153 Leathwalte Road Lornknn SW116RW Bankèrn NatN)nal westm1￿ter Bank St Paufs ￿anch Juxon House 98 St Paul's Churchyard Lo￿n EC4M 8BU Inv••lrn•nl Advlaor Aallknn8 Inveslmont ManwJèment Umlted 8 Finstr￿ry Circus LorKbn EC2M 7A2 Page 4 THE WOOLMEN'S COMPANY CHARrrABLE INCORPORATED ORGANISATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 T￿•100$. r•#pondblllll•• In r•l•llon to th• Iln•nolal •tst•monts The charity trustees are r@S￿nSIble for prepariNJ a Irustees, annual repjrt a￿1 finandal statements In a(wrdance Wi aFpllcable law and United 4fjngthJm Accounting Stsndarts. The law requires the charity trusteè5 to rKepare financid statemerts for each give a tru8 arky falr Mew of the stale ol affairs ol the Charity arKI of the I￿OrnIr￿a rg8our¢es and application ol resources of the charity lor that porvjd. In preparirwj fIna￿la1 statements, the truslees are ryilred to . Obse￿ ihe methrKls and prlncws in the aFP￿cable Charities SORP. • make judgements and estimates ihat are reasonab￿ aThJ pr￿lent. • statè wwher applicablg accounttng standards have b88n follo*pd. subia¢t to any mat8rial departur8s dis¢b)s&J 6xplai￿d In the finaneiai statements. pr¢par8 the ftnanc4al 5talements on th8 goiw ￿ncarn basls unloss11 is inappr￿ats to pr8sumo that th& eh*ity I￿11 Lu)ntifi￿ in knir*8: The trustees ar9 r8swtslbkn ftjr ke￿n9 proror accwnllna T0￿d9 that ¢Ss¢h)se with r88Eonabl8 aceur8cy at any tlme tho financial poslilon ot the charty. They are also resp)nsibl8 for 6af8guardlng the assats of the charlty and taklng reasonable Steps kn the pr8IQrtI￿ aTrJ d￿ethn ol fr&KJ and 011￿ ifregularlli8S. Th• Trustees dKlare that thay ha4fj aFwwJ tr* TnJsto8s' Rowjrt atrxr4*. Sionad on b8hall ol th8 ChaiiV8 Trt Slr David Chair Dats . 20 Dgcgmb8r 2022. Page 5 THE WOOLMEPIS COMPANY CHARITABLE INCORPORATED ORGANISATION INDEPENDENT EXAMINER'S REpoKf TO THE TRUSTEES I report lo th8 Iru$l¢o3 on my examlnatbn of th8 alx)vo Charity I" the Tnk8t I for the ￿ar end8J 31st March 2022. R•wn81blllUe• and ba818 ol rnport Ag the charitys irustees. are responsible for the weparatwm of the accounts In accordanco Wth the rth]UiTemgnts ot th& Charilie5 Act 2011 fft Acl ?. I report in res￿ ot my oxamInat￿ of thè T1￿*V$ ￿o￿Trts carl￿d out urKl8r s￿￿on 145 of the 2011 Act and in carrwNJ out my examination. I have folky￿￿ all Iho aFflkatltr dlr￿tknns tyvon by the Charlty Comrnlsslon undef section 1451Sllb) ol th8 kt. Indop•nd•nt •xamln•r'• •t•t•ffl I have completed my examln*lon. I conflm) that no materW matter8 havo Como to my attentlon In ￿nn0¢tIon with the examination which givtis m& Gau80 to b8llave Ihal In, any materfd respe￿. • Tha accounting rK¢yds *ro ThJt kept In accorda￿ wtth Sth 130 of tho Chath￿9 Act . or . The accounts dkl not a¢cerd the acc4)untiry rKryds,' or The accounts dhj not compty vrith tho aFplcable wslrements t>)rtemiTrJ the tom and content ol accounts set out in the Charltles Ikwnts arKI Rem) RegulaUtyi$ 2008 olh8r than any r￿Uir?￿onI Ihal Ihe accounts gp￿ a" and tair" view which is rh)t a malter o)nsid8red as part of an Independèrt examinatK)n. I have no concerns and hav8 cc¥ne across rn cthw mattern In CMnecI￿n vlth th8 examlnatlon to whlch attention 8houkl b8 drawn in th18 report in tyder to •nabl• a prr4)er ur#JertarK16ng ot th• acc¢unt8 to be reached. 8lqnAtur•: m•: au•lmcatlon: Denisti Bakh A.C.A 15 To*taster Road OkJ Slratford Mltton Keynes MK19 6AN Dat•: 20 D￿ember 2022 Page 6 THE WOOLMEN'S COMPANY CHARrrABLE INCORPORATED ORGANISATION STATEMEKf OF FINANCIAL ACTIVMES FOR THE YEAR ENDED 31 MARCH 2022 Ineomlng ra*ouru• Totsl Donatlons B8quests Income tax recoverable (Gift Investment and ifflerest Fundralslng (Sheep Drbve arnl Llvery Fair) SurKIry 37,892 5,000 8.575 13.335 14, 16.784 97.919 975 14, 16,784 97.919 07S Total 64.802 Ro•ovr¢M •wd•d Fundralslng ¢x)sts Academic achievement avrdrds Practlcal a¢hlgVgrnenl award8 Clty related awards General charfty dorHJons Mllltary Afflllallons Medals Guests at LNery functions Adminislration costs Independeni Examlnallon 68,130 68.130 11,250 2,084 11,275 2,250 16,800 11.275 9.500 6.149 2.368 2.929 325 23,198 1,716 1.716 2,360 25,572 1.560 25,572 Totsl 130 Net Incomelléxpendlturnl b810rn Inv08tment gaInw(k)u￿> ¥177 Not oaln8 on InvOSlmenls 55.351 $5,351 196,271 Net movemem In lund• 93378 {1050) 91 198.316 Reconclll•llon ol Funds Total Fund$ broLKJht fopward at t Awil 2021 835,667 76,036 911,703 713,387 Totsl Funds corrl•d forwerd at 31 Mav¢h 12 29,045 74 180 1.1X)3.231 911,703 Pago 7 ThÉ WOOLUEW8 eoupAliv CHAR￿ADLE INCORPORATED OAcAAigATIOM 8ALAKE SHEEf As AT 31 IAARCH 20ra 14N33 24.786 Cash •tt4rf4 114042 8lXI 114.n2 12 74.1e6 &8SM67 Dav THE WOOLMEN'S COWIANY CHARrrABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMEiifs FOR THE YEAR ENDED 31 laARCH 2022 ACCOUNTING POUCIES Ba818 of Preparatl The88 account8 have baon prepared urKler tf* hlstorth cosi conveniion wrth Items rwnised al o)st or Iransaction value unless othewse ststed in th8 relavani rh)tes lo these a(zounts. Th6 accourtts have b¢en prepared In accordarts Vlith Ihe Sla18mevrt of Recommen￿j Practicè . AceountiNJ and ReportirvJ by Charili8s preparÉr4J their aC￿nts in aox)rdance wtih ts Financia5 Rwb'TwJ StarKlaTd applicablè In UK and Republi¢ ol Ireland IFRS1021 and with tho chart1￿ Acl 2011. There have been no chaNJ¢s to aCcow￿l￿ ￿lMatOS in the r¢portlry porlod and no matorknl year error• hava boon idgntified. INCOMING RWJOURCES R•eagnltlon of Ineornlng v••our¢•• These we Incl￿ in the Slaiernerrt of FInar0￿ Acti4ryb8s ISOFAI when.. 1. the charity bgc¢)mes entil￿d lo the resouTC8S: 2. the Irustses are vlrtually certaln Ihey *lll r￿1¥8 tho rwr¢o$; arKI 3. Iha monetary valu8 can be measu￿1 Thlth gufficiwrt rdw. Offsèttlng Ther8 has ba8n no offséttifwJ ol as80ts liatilili08, Ir￿Me and expow. unkn8 rw4ulrnd or permlttgd by thg FRS 102 SORP. Grants and don•tlons Grants and donations are onty SOFA th8 has uncoTrltional gn11119ment lo tr rgsources. Tax r•¢lalm8 on don•tlon• glft• Gmt Aid recelvoblgls In Income w￿n there18 a vaThd thlarndon from Ihe doTh)r. Any Glft Akl amount recovered on a th)natN)n is Cons￿19r8d lo be part of that gfft arKI is treated as an a(klttk)n to th8 same fuTrJ a8 th8 initial donallon unless Ihg donor or ternis ot have spa¢itied othgrwBa. Inv?￿M•￿ InMm• Thls Is Included In th8 accwnt$ rw*Jlo. Invmtmont galn• WHI 108fje• This includes any realised or unreaU*J or losses on th• salé of investrnonts ATrJ any galn or k)99 ra8uhlng from rwalulng invagtments lo market value at th? ol the year. EXPEM)ITURE AND LIABILMES Llablllty recognlllon Liabilities are rttognised ¥•here it 15 moTe11(*y than not ttlat there Is a *al or Coll$trL￿l￿ oblvJation committing the eharity to pay wt resour￿ and Ihe amwnt can bp ffl8asu￿d Mth reasonabb certainty. Cr•dth)rn Th8 charity has CTethioTS t*hith arg measured a setllgThnl amounts bss ary trade d￿unts. Investments Investments quot￿ on a rwnised stc¢k exchay are valued at marf(el valLJe at the spar end. Page 9 THE WOOLMEN'S COMPANY CHARrrABLE INCORPORATED ORGANISA710N NOTES TO ThE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 MARCH 2022 Inve8lm•nt and In￿851 2022 UK Equftles aTrJ Unlt Tn￿t (Ivklè￿18 UK Fixed Interest Unit Trwt Ovorseas Equit Property It￿Ome (%¥Klond5 Bank interest 11.392 1.971 2.425 8.758 1,868 2.031 625 53 Acodemle Achl•bwmwrt Awards Wool •KI T•xtlkn• 2021 Wool for the FLrture Heriot Watt Unlvergty Lord Barnby Bursary Peter Va￿Y Bursary Roger Flemlngton 8ur8ary Scottish AgrIcu￿VraI Coll•Je University of H￿jdar3II9￿￿ Unlversrty of UrKdn Glasgow Unfvtr￿ty un￿er$hY College Ot Arts Wool Inr￿at￿)n Prlze 100 Z3 850 700 700 700 750 700 700 1,500 700 2,300 850 750 1,000 PY•ctl¢al A¢hknv•m•nt Awath Wod •KI T•xUI•• 2022 2021 Great Yokkstrllre SIMMT Ruskln Mlll Twst. donaiion Siatts & BI￿Ingharn 141w￿tture s￿ 1.410 265 Clty Reknted ATMwd• 2022 LONI Mayof8 Mansion FI)￿￿9 Scholarsh WoodlaThJs Farm Trust Hackngy City Farm Spilafield Cty Ftsm Sherrtfs and Recordets FurKI Unried GulhJs Se￿￿9 A8F Big Curry Lunch Poultar3' Pancake Race City and Livery Garden of Remem￿ance Broder8rs' Exhitxtson 5,000 500 3.000 500 500 175 210 190 500 11 9.500 Page 10 THE WOOLMEN'S COMPANY CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMEMfs FOR THE YEAR ENDED 31 MARCH 2022 Genernl Clwrlty Donatlon8 2021 ArcF*ysW Ten1s￿'S SchLw)I Ruskin Mill Twst The Gordon Fwndalx>n Thg Shivwsbury Drapers Bradlord Texts￿ Soryety Huthjersfield Textib S( The Drapgrs. Comparry. Uvwy KItCh￿ Inltialfve 2,0 2,000 1,000 200 150 100 149 Mllltary AftM*II 20* The Queen's Yfr)manry Arniy Cadet Force Unlt 43 Cad9t Allxhment 131 InfvrKlent Commarxlo Squthn 273 1,175 1,Lh)O 1.368 Admlnl•trnllon 20 Investment management S8Nte chargo Satary and oncosts Book.keerA Tr3 arwj aw)unla Wèb8lt8 Bank charges SurKIry 2,968 15.600 14.628 4,781 838 498 763 96 179 Ll•t•d Inv••lm•nt• 2022 Market value at 1s1 Awd. 2021 Purchases at cost Disposals at carrying v￿u￿ Movement In cash 832.368 41,508 135.0091 565.949 146,160 176,7951 783 636,097 833,148 Market value at 31 March 2022- Ind￿lIng cash hekl £105612021 - £6,775) &32,368 Gain on r￿ak￿lOn 196271 In *kji￿n to th• rol￿$1M•M ¢1 (fspo881 a furthor irwe8tment of £nil12021 £70,000> was male duri￿ the yaar. Pag811 THE WOOLklEKS COMPANY CHARrrABLE INCORPORATED ORGANISAnON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 D•btor4 2022 2021 Ino)m8 Tax re(¥)verat4e on aKI Othor Debtors Pwpayments 14,399 8,222 209 16.355 14 10 Crldltors 2021 Owed to The Worshpful Compary of Wooknen rua18 110 11 •rg•r Dl•clo•uro On 1 Aprll 2021. 011 a8set8, Ilthlnl88 arnl lurth ot Tho Woolmen'$ Company Charilable Trusl realslered charlty numter 282211 trdn#f0rr￿1 Into Tho W0￿menS.& Chafltabla IncorporAted Organisalion. The charitable objeGtive• r9rn￿n uncharw ￿ the resuKs are wesentsd as Ihcwh Ihey had always lJ88n part ol Ihe same rgwrllng cfwlty. Al comparalw relale to The w￿lmen,$ Company Charttatde trust. 12 (a) Mov•rnnt In lund• th• cuff•nl r•portkng pwlod Balanc• In¢omlng Oulgolnp Inv••lmont B•lance IY1104m Resourc•s Ae8ource8 galn8 31103122 Restricled FU￿1$.. Jeremy Marshall Bursary Floger Fleminglon Bursary Peter Valpy MiUennKim Bursary Lord Barrty FuTrJ 80,873 7.297 60.873 6.597 1700) 17001 850 12.2501 3$0 74,186 76,036 400 Goneral FuTrJ3 835.867 168.622 {1S).5951 55,351 929.045 Totsl Funds 13 Page 12 THE WOOLMEWS COMPANY CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEklEKfs FOR THE YEAR ENDED 31 MARCH 2022 12 (bl PloVeMe￿ In lunds duthi th• ryovknus wlod RestrfcMI FuThls.' 8alanca In¢omlng Outgolng Investm•nt Balftn¢o 01104rn) Re80ur¢u Ro￿Ure&S Galn• 31103r21 J818my Maishall Bursary Rogèr Flgmlngton Burgary Peter Valpy Millenn￿m Bursary Lord Barrty Furxl 60.873 7,997 7.766 60.873 7,297 7,068 800 76,036 1700) (700) 750 {2.1501 300 300 General FUTh 635.501 64.502 160.607) 196,271 835.667 Total Fund8 13 R••trlcl•d Fund• J•r•nry M•r•h•ll 8urMry A donated in 1988 to sutp)rt >iMrth an irrtere8t In wool, currentty a bursary to an undergradl￿te stffjrvJ proieLts ￿nn￿l&￿ or rdated dvrfoio)ments at the Harpgr Adams Aglicul￿lral c￿le08 in NeM)ort, Shropshire. Rog•r Flomlngton Bumry A £5.000 legacy in January 1995. Match￿ by a furttrw £S.000 frtyn thè Natwosi Ch8ritalJe Trust, io prowd9 a medal and linan¢ial award to the Lwt fhw year trb)nours student in Ihe mafkeling area Y•ithin the BA {Horrf)ursl degree in Busin8S3 A•ar wa¥ £110 (2Wd1 £808.) Page 14