2023-03-31-accounts - The Woolmen's Company Charitable Incorporated Organisation

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CONTENTS	FOR THE YEAR ENDED 31 MARCH 2023	FOR THE YEAR ENDED 31 MARCH 2023
		Page
Report of the Trustees
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Accounting Policies
Notes to the Financial Statements		10-14

			Notes	Notes			2023	2022
					2		2
Incoming resources					Unrestricted	Restricted	Total	Total
Donations Income tax recoverable (Gift Aid) Investment and interest Fundraising (Sheep Drive and Livery Fair) Sundry				1	38,329 5,971 19,409 112,398 1,293	800	39,129 5,971 19,409 112,398 1,293	38,894 14,450 16,784 97,919 975
Total					177,400	800	178,200	169,022
Resources expended
Fundraising costs Academic achievement awards Practical achievement awards City related awards General charity donations Military Affiliations Medals and certificates Guests at Livery functions Administration costs Independent Examination					70,559 23,320 3,146 15,425 5,250 5,373 392 3,575 25,796 1,560	2,050	70,559 25,370 3,146 15,425 5,25Q 5373 392 3,575 25,796 1,560	68,130 11,250 2,084 11,275 5,950 2948 1,716 2,360 25,572 1,560
Total					164)396	2,050	156,446	132,845
Net income/(expenditure) investment (lasses)/ gains	before				23,004	(1,250)	21,754	36,177
Net (losses) / gains on investments				8	(88,498)		(88,498)	55,351
Net movement in funds					(65,494)	(1,250)	(66,744)	91,528
Reconciliation of Funds
Total Funds brought forward		at 1 April 2022			929,045	74,186	1,003,231	911,703
Total Funds carried forward		at 31March	2023	11	863,551	72,936	936487	1,003,231

	Notes		2023			2022
Fixed Assets
Listed Investments			800,428			888,499
Current Assets
Debtors	9	18,390		142433
Cash at bank and in hand		121,188		101,909
		139,578		116,342
Creditors
Amounts falling due within one year	10	3,517		1,610
Net Current Assets			136,061			114,732
Total Net Assets			936,487		I	003 231
Funds ofthe Charity
Restricted			72,936			74,186
Unrestricted			863,551			929,045
			936.487		\|QII3 231

1	Investment and Interest				2023	2022
					2	2
	UK Equities and Unit Trust		dividends		11,658	11,392
	UK Fixed Interest and Unit Trust interest Overseas Equities				2,442 4,159	1,971 2,425
	Property Income dividends				1,142	995
	Bank interest				8	1
					19,409	16,784
2	Academic Achievement	Awards Wool and Textiles			2023	2022
						2
	Wool for the Future					100
	Heriot Watt University Lord Barnby Bursary				2,350 600	2,300 850
	Peter Vatpy Bursary				750	700
	Roger Flemington Bursary				700	700
	Scottish Agricultural College				1,600	1,600
	University of Huddersfield				2,450	2,300
	University of Lincoln				850	850
	CTC University of Glasgow				850	850
	University College of Arts					1,000
	Wool Innovation Prize			22,720
	Less contribution from The Company			of
	Merchants of the Staple of England.			-7500	15,220
					25,375	11250
3	Practical Achievement Awards Wool and Textiles					2022
						2
	Great Yorkshire Show Royal Bath 8 West Show				570	1,410
	British Wool Market Agricultural show				1,600
	Ruskin Milt Trust - Sheep	fair donation			500	265
	Miscellaneous contributions		to prizes and awards		476
	Staffs & Birmingham Agriculture Society					409
					3&146	2,084

City Related Awards	2023 2	2022 2
Lord Mayor's Appeal Mansion House Scholarship Woodlands Farm Trust	5,000 500 3,000	5,000 500 3,000
Hackney City Farm Spitafield City Farm Sheriffs and Recorders Fund	500 500 500	500 500 500
United Guilds Service	200	175
ABF Big Curry Lunch Poulters' Pancake Race	200 210	200 210
City and Livery Garden of Remembrance Livery School Link Livery Textile Group conference The Guild of Young Freemen	190 125 2,500 400	190
Book sale donations to The Lord Mayor	1,600
Broderers' Exhibition		500
	15,425	11 275
General Charity Donations	2023	2022
	2
Archbishop Tenison's School Ruskin Mill Trust	2,000 2,500	2,000 2,500
The Gordon Foundation		1,000
The Shrewsbury Drapers Bradford Textile Society Huddersfield Textile Society	500 150 100	200 150 100
	5,555	5,950
Military Affiliations	2023	2022 2
The Queen's Own Yeomanry Army Cadet Force Unit 43Cadet Attachment 131 Independent Commando Squadron	1,000 1,299 1,370	273 1,175 1,500
HMS Raleigh	1,704
	5,373	2,948
Administration	2023	2022
		2
Investment management	3,250	3,035
Service charge	15,600	15,600
Book-keeping and accountancy Website	5,352	5,040 636
Bank charges Sundry	537 1,057	498 763
	25„796	25,572

Listed investments				2(y23	2022
				2	2
Market value at 1st April 2022 Purchases at cost Disposals at carrying value Movement in cash				888,499 22,544 (30,167) 8,048	832,368 41,508 (35,009) ~5,773
					833,148
Market value at 31 March 2023 - including			cash held
28„048(2022 - 21,056	)			800,426	888,499
( Loss ) Gain on revaluation				88498	55 351
Debtors
				2023	2022
				2	8
Income Tax recoverable Other Debtors	on gift aid			11,596	14,399 34
P repayments				6,794
				18,390	14,433
Creditors
				2023
				2
Trade creditors				1,942
Owed to The Worshipful	Company	of Woolmen		45	110
Accru ale				1,530	1,500
				3,51'7	1,515

Movement in fun	current repo	rting period
	Balance	Incoming	Outgoing	Investment	Balance
Restricted Funds:	01/04/22	Resources	Resources	losses	31/03/23
		2	2		2
Jeremy Marshall Bursary Roger Fiemington Bursary Peter Valpy Millennium Bursary Lord Barnby Fund	60,873 6,597 6,366 350	800	(700) (750) 600		60,873 5,897 5,616 550
	74,186	800	(2,050)		72.936
General Funds	929,045	177,400	(154,396)	(88,498)	863,551
Total Funds	1003231	178200	156446	88498	938487

Movement in fun	previous rep	orting perio	d
	Balance	Incoming	Outgoing	Investment	Balance
Restricted Funds:	01/04/21	Resources	Resources	Gains	31/03/22
		2	2	2	2
Jeremy Marshall Bursary Roger Flsmington Bursary Peter Valpy Millennium Bursary Lord Barnby Fund	60,873 7,297 7,066 800 76,036	400 400	(700) (700) 850 (2,250)		60,873 6,597 6,366 350 74,186
General Funds	835,667 '	168,622	(130,595)	55,351	929,045
Total Funds	911703	169022	132845	55351	1003231