| Page | |
|---|---|
| ReferenceandadministrativedetailsoftheCharity,itsTrusteesandadvisers | 1 |
| Trustees’report | 2-6 |
| Independentexaminer'sreport | 7 |
| Statementoffinancialactivities | 8 |
| Balancesheet | 9 |
| Notestothefinancialstatements | 10-20 |
| Trustees | TheDukeofNorfolk,GCVO,DL,Chairman |
|---|---|
| RichardFitzalanHowardLVO | |
| EarlofArundel | |
| MrsSusanWood | |
| SirThomasWoodcock,KCVO,DL,FSA | |
| DavidWhiteEsq,GarterPrincipalKingofArms | |
| LadyCelestriaHales(appointed21November2024) | |
| Charityregistered | |
| number | 211253 |
| Principaloffice | CollegeofArms |
| 130QueenVictoriaStreet | |
| London | |
| EC4V4BT | |
| Secretary | J.V.S.Peill,Esq,BluemantlePursuivant |
| Accountants | KrestonReevesLLP |
| CharteredAccountants | |
| 2ndFloor | |
| 168ShoreditchHighStreet | |
| London | |
| E16RA | |
| Bankers | CaterAllenPrivateBank |
| 9NelsonStreet | |
| Bradford | |
| WestYorkshire | |
| BD15AN | |
| Investmentmanagers | CazenoveCapital |
| 1LondonWallPlace | |
| London | |
| EC2Y5AU | |
| AssistantSecretary | E.G.JonesEsq |
| IndependentExaminer | LucyHammondBScFCA |
| KrestonReevesLLP | |
| CharteredAccountants | |
| 2ndFloor,168ShoreditchHighStreet | |
| London | |
| E16RA |
20 November 2025
THE COLLEGE OF ARMS TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Note Income and endowments from: Donations and legacies 2 Investments 3 Total income and endowments Expenditure on: Raising funds 4 Charitable activities 5 Total expenditure Net income/ (expenditure) before net (losses)/gains on investments Net (losses)/gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Endowment funds 2025 £ - 6,692 6,692 - - - 6,692 (6,896) (204) 177,707 (204) 177,503 |
Restricted funds 2025 £ 26,360 - 26,360 - 49,931 49,931 (23,571) - (23,571) 83,816 (23,571) 60,245 |
Unrestricted funds 2025 £ 100 58,745 58,845 10,290 6,323 16,613 42,232 (60,398) (18,166) 1,477,972 (18,166) 1,459,806 |
Total funds 2025 £ 26,460 65,437 91,897 10,290 56,254 66,544 25,353 (67,294) (41,941) 1,739,495 (41,941) 1,697,554 |
Total funds 2024 £ 38,750 63,769 |
|---|---|---|---|---|---|
| 102,519 | |||||
| 11,226 78,122 |
|||||
| 89,348 | |||||
| 13,171 93,670 |
|||||
| 106,841 | |||||
| 1,632,654 106,841 |
|||||
| 1,739,495 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 20 form part of these financial statements.
Page 8
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixedassets | |||||
| Tangibleassets | 8 | 10,310 | 10,310 | ||
| Investments | 9 | 1,561,333 | 1,628,627 | ||
| 1,571,643 | 1,638,937 | ||||
| Currentassets | |||||
| Cashatbankandinhand | 127,691 | 102,238 | |||
| Currentliabilities | |||||
| Creditors:amountsfallingduewithinone year |
10 | (1,780) | (1,680) | ||
| Netcurrentassets | 125,911 | 100,558 | |||
| Totalnetassets | 1,697,554 | 1,739,495 | |||
| Charityfunds | |||||
| Endowmentfunds | 11 | 177,503 | 177,707 | ||
| Restrictedfunds | 11 | 60,245 | 83,816 | ||
| Unrestrictedfunds | 11 | 1,459,806 | 1,477,972 | ||
| Totalfunds | 1,697,554 | 1,739,495 |
| 3. | Investmentincome | ||||
|---|---|---|---|---|---|
| Endowment | Unrestricted | Total | Total | ||
| funds | funds | funds | funds | ||
| 2025 | 2025 | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Incomefromlistedinvestments | 6,692 | 58,745 | 65,437 | 63,769 | |
| Total2024 | 6,536 | 57,233 | 63,769 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Printing,PostageandStationery | 59 | 59 | 40 |
| Travel | 20 | 20 | 60 |
| Functions | 601 | 601 | 1,118 |
| Staffcosts | 9,610 | 9.610 | 10,008 |
| 10,290 | 10,290 | 11,226 | |
| Total2024 | 11,226 | 11,226 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total | Total | |
| directly | costs | funds | funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Charitableactivities | 49,931 | 6,323 | 56,254 | 78,122 |
| Total2024 | 75,492 | 2,630 | 78,122 | |
| Analysisofdirectcosts | ||||
| Total | Total | |||
| Activities | funds | funds | ||
| 2025 | 2025 | 2024 | ||
| £ | £ | £ | ||
| BookConservation | 49,931 | 49,931 | 17,099 | |
| ResearchAssistant/Probationer | - | = | 46,840 | |
| RecordRoom,CollegeofArms | ~ | ° | 4,000 | |
| Historictabards | - | - | 7,553 | |
| 49,931 | 49,931 | 75,492 | ||
| Total2024 | 15,492 | 75,492 | ||
| Directcostsincluded£49,931(2024:£24,652)ofrestrictedcosts. |
| Total | Total | ||
|---|---|---|---|
| Activities 2025 |
funds 2025 |
funds 2024 |
|
| £ | £ | £ | |
| Accommodation | 350 | 350 | 330 |
| Insurance | - | - | 20 |
| Sundries | 487 | 487 | 600 |
| Professionalfees | 3,/06 | 3,/06 | - |
| Governancecosts(IndependentExaminer'sfee) | 1,780 | 1,780 | 1,680 |
| 6,323 | 6,323 | 2,630 | |
| Total2024 | 2,630 | 2,630 | |
| Allsupportcostsin2025and2024wereunrestricted. | |||
| Staffcosts | |||
| 2025 | 2024 | ||
| £ | é | ||
| Wagesandsalaries | 9,610 | 10,008 | |
| 9,610 | 10,008 | ||
| TheaveragenumberofpersonsemployedbytheCharityduringtheyearwasasfollows: | |||
| 2025 | 2024 | ||
| No. | No. | ||
| Averagenumberofemployees | 2 | 2 |
| 8. | Tangiblefixedassets | |||
|---|---|---|---|---|
| Fixturesand | Otherfixed | |||
| fittings | assets | Total | ||
| £ | £ | £ | ||
| Costorvaluation | ||||
| At1April2024 | 64,684 | 10,309 | 74,993 | |
| At31March2025 | 64,684 | 10,309 | 74,993 | |
| Depreciation | ||||
| At1April2024 | 64,683 | - | 64,683 | |
| At31March2025 | 64,683 | : | 64,683 | |
| Netbookvalue | ||||
| At31March2025 | 1 | 10,309 | 10,310 | |
| At31March2024 | 1 | 10,309 | 10,310 | |
| 9. | Fixedassetinvestments | |||
| Listed | Unlisted | |||
| investments | investments | Total | ||
| £ | £ | £ | ||
| Costorvaluation | ||||
| At1April2024 | 164,737 | 1,463,890 | 1,628,627 | |
| Revaluations | (6,896) | (60,398) | (67,294) | |
| At31March2025 | 157,841 | 1,403,492 | 1,561,333 | |
| Netbookvalue | ||||
| At31March2025 | 157,841 | 1,403,492 | 1,561,333 | |
| At31March2024 | 164,737 | 1,463,890 | 1,628,627 |
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Kirby-Brooke-LittleFund | 80,646 | 84,178 |
| Arthur&ElisabethAdamsFund | 77,195 | 80,559 |
| SirPeterGwynn-JonesFund | 1,098,588 | 1,146,978 |
| General | 273,404 | 285,412 |
| InterestinQuarryBungalow | 31,500 | 31,500 |
| 1,561,333 | 1,628,627 |
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Accrualsanddeferredincome(IndependentExaminer'sfee) | 1,780 | 1,680 |
| Balanceat | |||||||
|---|---|---|---|---|---|---|---|
| Balanceat | 1 | Gains/ | 31March | ||||
| April2024 | Income | Expenditure | (Losses) | 2025 | |||
| £ | £ | £ | £ | £ | |||
| Unrestrictedfunds | |||||||
| Designatedfunds | |||||||
| SirPeterGwynn-JonesFund | 1,197,237 | 47,086 | (3,706) | (48,390) | 1,192,227 | ||
| Generalfunds | |||||||
| GeneralFunds | 280,735 | 11,759 | (12,907) | (12,008) | |||
| ; TotalUnrestrictedfunds |
1,477,972 | 58,845 | (16,613) | (60,398) | 1,459,806 | ||
| Endowmentfunds | |||||||
| Kirby-Brooke-LittleFund | 90,939 | 3,428 | : | (3,532) | 90,835 | ||
| Arthur&ElisabethAdamsFund | 86,768 | 3,264 | : | (3,364) | 86,668 | ||
| 177,707 | 6,692 | = | (6,896) | 177,503 | |||
| Restrictedfunds | |||||||
| BookConservationAppeal | 83,816 | 26,360 | (49,931) | - | 60,245 | ||
| Totaloffunds | 1,739,495 | 91,897 | (66,544) | (67,294) | 1,697,554 |
| Balanceat | |||||
|---|---|---|---|---|---|
| Balanceat | Gains/ | 31March | |||
| 1April2023 | Income | Expenditure | (Losses) | 2024 | |
| £ | £ | £ | a | £ | |
| Unrestrictedfunds | |||||
| Designatedfunds | |||||
| SirPeterGwynn-JonesFund | 1,127,125 | 45,880 | (46,840) | 67,376 | 1,193,541 |
| CatalogueofManuscriptsFund | 3,696 | - | - | - | 3,696 |
| 1,130,821 | 45,880 | (46,840) | 67,376 | 1,197,237 | |
| Generalfunds | |||||
| GeneralFunds | 266,133 | 11,753 | (13,856) | 16,705 | 280,735 |
| ; TotalUnrestrictedfunds |
1,396,954 | 57,633 | (60,696) | 84,081 | 1,477,972 |
| Endowmentfunds | |||||
| Kirby-Brooke-LittleFund | 84,684 | 3,343 | (2,000) | 4,912 | 90,939 |
| Arthur&ElisabethAdamsFund | 80,898 | 3,193 | (2,000) | 4677 | 86,768 |
| 165,582 | 6,536 | (4,000) | 9,589 | 177,707 | |
| Restrictedfunds | |||||
| BookConservationAppeal | 62,565 | 38,350 | (17,099) | - | 83,816 |
| DrapersFund | 7,000 | - | (7,553) | - | - |
| 70,118 | 38,350 | (24,652) | ~ | 83,816 | |
| Totaloffunds | 1,632,654 | 102,519 | (89,348) | 93,670 | 1,739,495 |
| Endowment’ | Restricted | Unrestricted | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2025 | 2025 | 2025 | 2025 | ||
| £ | £ | £ | £ | ||
| Tangiblefixedassets | - | - | 10,310 | 10,310 | |
| Fixedassetinvestments | 157,841 | - | 1,403,492 | 1,561,333 | |
| Currentassets | 19,662 | 60,245 | 47,784 | 127,691 | |
| Creditorsduewithinoneyear | ~ | ~ | (1,780) | (1,780) | |
| Total | 177,503 | 60,245 | 1,459,806 | 1,697,554 | |
| Analysisofnetassetsbetweenfunds | -prioryear | ||||
| Endowment | Restricted | Unrestricted | Total | ||
| funds | funds | funds | funds | ||
| 2024 | 2024 | 2024 | 2024 | ||
| £ | £ | £ | ad | ||
| Tangiblefixedassets | ~ | ~ | 10,310 | 10,310 | |
| Fixedassetinvestments | 164,737 | - | 1,463,890 | 1,628,627 | |
| Currentassets | 12,970 | 83,816 | 9,452 | © | 102,238 |
| Creditorsduewithinoneyear | - | - | (1,680) | (1,680) | |
| Total | 177,707 | 83,816 | 1,477,972 | 1,739,495 |