Cbarity R¢gLthlfO￿ 212954 THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 AUGUST 2024 THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustee$ Mr. Simon Cundey Ms. Claire Mahon (Treasur¢r) Ms. Diana Mern]ezan-Platona Miss Natasha Mokshanaj Mr. Patrick Murphy Mr. Suresh Ramakrishnan (President) Mr. William Skinner Mr. David Wilkinson Secretary Miss Elizabeth P. Fox (resigned 31 December 2024) Charity Dumber. 212954 Prineipal address clo Henry Poole and Company (Savile Row) Limited 15 Savi1¢ Row London WIS3PJ Auditor Barnes Roffe LLP Leytonstone House Leytonstone London EII IGA Bankers Coutts & Co 440 Strand London WC2R OQS Inveslment Manager Rathbone Investment Management Limited 8 Finsbury Circus London EC2M 7AZ Page 2 THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION CONTENTS Page Trustees, report *5 Statements of Tn￿tees, responsibilities Independent audiiorfs report Ststement of financial athivities io Balance sheet Notes to the Financial Statements 12-16 Page 3 THE BESPOKE TAILORS, BEIYEVOLENT ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 3 AUGUST 2024 Th¢ Trust¢es pre4tnt thcir rcp)rt and finarKia] ststytknts fw thcyf4rfn&d 3 Au8USt 2024. Th¢ financia] statrments have beth pr¢r•r>J in xcordance with the *£ourfing w)li¢ie5 Xt out ID Dot¢ I lo th¢ fi#an¢iaJ statetnetlts and cotThply with the ¢Trwitys Royal Charw. the LTharities 2011 attd "Accollntin8 and Rwrting by Ch&riti¢s.. Stat¢ment of R¢¢0￿￿ Prxtic¢ applicabl¢ lo charilie5 prewit￿ their aceounts. in xcordance with th¢ Financi￿ Reporting StsEthTd wlicable tn th¢ UK and Rtpublic of IrelaThJ (FILS 1021 {¢ffe£tivc l J8nu8ry 20191.. Objeetlvej gttd a¢tlvltles A ch8rt¢r. datyl 12 August 1859. crealed The B¢ts¢voknt Tr￿lUtIon for thc Relief of Agtyl and Infirn Journ¢ynJ8t) Tailo￿ I'lhe Instirutk)n-l. tn 2011 th¢ In&ibJiior4 then kt￿)￿n￿ Tr Ttiilors Bcfjcvoleni Instits]*-. r¢501ved to chan80 its namc to Tr lIes￿)ke T8ilco' Berfvok¥Lt AsS￿l￿tson- fol￿￿1￿& th¢ mtt8tr of its xtivtti¢s ￿Sets with those of The M&sw T8iloT'5 Benevolcnt A&%(xiatiorL Th¢ Obje￿iVeS of the InstiDJtion arc to re]i¢v¢ a￿1 erthcr g¢nually or iTrJividually pttwn5 who are or have b¢¢t) en8Agcd in thc Tctsil bwjke thi10ring￿le wt w)y ¢￿￿lty Ind are in neal ofwiJmn¢eby reason ofFw¢ty. disability. infinnity or oth¢rwis¢ by of grants or orK-off paymtnts 10 rrlicvc hardship. Th¢ lllstilutilm invilcs a￿11{￿tIonS from past journeyman thilors and tailort%w w hclp fund the reAular provisiott of weif8r¢ s¢rvi¢¢% Tr applications are ￿l¢Wed sr¢cifi¢ tlitcria whtch are ￿ by th¢ Trusiea The Institution ai80 invit¢s applie￿lon$ from individua]s for 8raots w klp r￿d onc-off projecL8 or tre•tm¢nts that may be requir¢d Di OTd¢r ￿ Wimote the wclfarc of thir members. To a¢hicve its objective& the Instituiion relies nomwltyon sp￿1 forvol¥Jtht8ry ]xymW the F¢stIV￿ Dinntt, the SummerP8rty and in¢om¢ froutwiithj inVeSunen￿ lTrvestsnerbts tre maintaincdtO8enetatein¢cthewhilst preservin8 these fund$ 8¢ sufficieni level to cover the fuwr¢obliwithM of thechwiry. Achievements and performattte As in prior years thc Instibjlion receiv¢d the n*iority of its income from ity inv¢thietht portfolio. whith had anoth¢r su¢¢¢ssful yw. The In#itsJtion held a Festiv￿ tlinner and Patty in the yw. B(*h evc41ts would no¢ hav¢ ken place without the 511Ptx)rt of two ¢nJsk¢s and six AeW4Td5 who volunte¢r&J their time and efforts for whith the Institution i5 8rgt¢fiJl. With an ov¢r4]I ￿411 surplus bein8 Twnisa in the year. the In#l￿tion w&8 able to continue to give support to its benefi¢iaN¢s. Publk B¢nellt The Trust¢¢s have due rewd to WLLid8nce published by the CharÈty Commi&8iw ith de¢iding what activits¢s th¢ Institution should u[thrt￿¢ required by seaion 17 of the Chari¢ie5 Act 2011. Funds It is the policy of the InMi¢u¢ion to m&intain fi￿ts at & l¢vel to ¢n￿re irKome fryjm ¢¥￿ts hrld in thc ycar d from investments will cov¢rthe d¢mw￿ for gra0￿ Thu¢ w¢ no I￿trict￿l fillbts. In the opinioth of th¢ thc curr¢ni level of is wropriatr to mea thest with inc4)me galcratrd being fully utilithl yw on ycar cjwitsble objettiV￿ Th¢ l¢vcl of r￿d5 ts re¥icwed on an artnu3J bllS￿. Th¢ unr¢styi¢kd fund5 3 Aug￿￿ 2024 wue £5.030.11512023.. £4.625.6071. Finaneisl rtVi¢TF Both the level of busine&8 and the year-thd Fy}siti(￿ wer¢ as expwied. The Institirtion Y￿rned ￿ its historic level of tiviti¢5 in the financial ytgr (see ￿l0*1-1Mp￿t of Cffjvermncni rutrictions wi*ng from the lak3t P￿de￿I¢- belov+}. The incomin8 re￿ forthe ycar. bcforc ￿cOUntir* for gain on Inv￿ amout)(&110 £182227 ￿￿23.. £167.l69) arld tota] na OU￿01￿8 r￿)Ur¢eS grjnts and opuatioTral exwses were £141,639 12023.. £141.0511. Durin8 the ye8r the charity ha5 provided grants of £35J71 {2023.. £40.715) to 14 on8oinB benefitiwies {2023.. 14 brTrficiari¢sl who met thc ¢li8ibility criteria and two b￿Cr￿￿TICS on a orLe-off b&sis (2023.. two). After tk¢t gain5 on inV￿¢￿ts of £363.920121Y23.. £214.2571, inCTe&< in fimds of £404,508 {2023.. £240.3751 was obtained resulting an InCr￿e of 8ener81 to ￿,030.1151202j.' to £4.625.fA)7). Pag¢ 4 THE BESPOKE TAILORS, BEIYEVOLENT ASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 3 AUGUST 2024 Impa¢t of Governjttent r&8trletlons #rtslD¥ the l*test pADdemic The Ittstitution held tNJth its Festivaj DiTJncr hlld SUM￿ PBrty in the year which is the se4)nd year it has able to do so since thc last pthic. Thcse CVttLts arc the cjwity's key fi￿Ar￿8 eY¢Dts and as imwrtant networku occ￿10￿ within thc bwkc tsiloriTrg The funds raisth throu8h the In*iPJtym'$ &4iviti¢5 Tn thc yc4r ￿Cteded those geTrerated in 2019. the year trttore the lalesi p￿deMIc. Strnctiire* govern*llee and m*D*gemeDt Thetn]steesaTe aware of the m8iorstrategjc8ndormi￿ riskswhtththe¢lwity and CoThfi￿ th&t Tegu18fTeN>rts •re produced by th¢ investment mwer in ordtr for be thkcn to le5￿1) risks. The irtvesttnent manager rew>rts ￿ the It￿￿￿0￿.5 ¢ommitttt quartttly mectingk The r#thlio is nm on a diwretioThary ba5LS but the ¢ommitttt rnvi¢w$ th¢ inv¢sIm￿4 in¢luding wuisÉtsrAJs disp￿￿￿ by the inv¢5th1¢* rnan￿er. at thesc me¢tiDg$. Trust¢¢s ar¢ ¢le¢*d •t th¢ Atmual Wing ycar. New In￿ bave a ￿J¢r1118 their n)Ic5 whd respoTrstbiliti45 from nomiuth m¢mben orth¢ Tn￿¢ Trugte¢s Th¢ Tru3tee8 who s¢rvtyJ durinB the year up ￿ the dtte of siptwe of th¢ fuw¢ial w¢rt'. Mr. Simon Cundey Mr. P4uI Frearson ITffww¢r, dK¢*s•J 6 MaTrh 2025) Ms. Claire Mahon (Sp￿inted 2 November 21r23,'1'1¢￿￿rs1nl% 3 April 2025) Ms. Diattg Merniez8t).Platoni{wui*d 2 Nov¢mbcr2023) Miss NaS&8ha MOksh￿8J Mr. Patrick MuTphy (Prtsident until 15 January 2025) Mr. T4iunder Phull {win*d 2 Nov¢mt*r 2023. r¢si&wJ 30 Januw 2025) Mr. Suruh RatDakrishn8tt {Pr¢sid¢nt sinLY IS Jsnuwy 2025) Mr. William Sklnncr Mr. David Wilkitt50n Th¢ TruJtetJ' re￿rt W￿approVal ty Tnth& S. IPr¢Jld¢nt) Trustee DAted: 11 Page 5 THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION STATEMENT OF TRUSTEES, RESPOIYSIBILITIES FOR THE YEAR ENDED 3 AUGUST 2024 The Trnstees aye responsible for preparing th¢ Trustees. Report and the financial statements in accordance with applicabl¢ law and United Kin8th)m Aecowiting Standards (United Kingdom Generally Accepted Ac¢ourtling Prndi¢e). The law 8pplicabl¢ to ¢haTities in EnglaThJ and Wales requir¢s th¢ Tn￿e¢S to prepare fumncial sialement5 for ¢a¢h financial year which give a true and fair view of the state of affaits of th¢ IDsiiiution and of th¢ incoming resources and application of r&wuTC¢S of the Insti￿tIOn fff that year. In preparing these financial ststemettty TnLStew are requtred to.. - se1¢￿ sui¢able accounting wlictes and theD apply them cmsiststty: - observe the methods and principl&q in th¢ Chartties SORP: - make judgcments and estiInates th3t are reasonabl¢ and pnth¢ - state whether applicable ac¢ounting standards have been follow￿ subje¢t to any matsrial departswes disclosed and explain¢d iti the financial statements. and - pr¢par¢ the financial statements on the 8oin8 ¢onc¢rn basis unl¢ss il is inappropriate to pr¢sume that the charity will continue in 0￿￿10n. The Ttust¢¢8 are T¢SW)n$ible for keepingsufficA¢nt trf¢ountin8 rKords thatdisclos¢ with reasonable accuracy at any time the financial position of th¢ Institution and enable them tsy ¢D5ure that the fjnancial sta*m¢nts comply wilh the Charities A¢t 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also r¢$ponsible for safe8uardirtg th¢ ￿Sets of th¢ tnstiwtion and hence for takin8 rety)nabl¢ Steps for the &Yev￿tiOn aftd detection of fraud and other irregulwilies. Page 6 THE BESPOKE TAILORS, BENEVOIEIYT A￿ocIATIoN INDEPENDENT AUDrroR'S REPORT TO THE BOARD OF MANAGEMENT OF THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION Opinion W¢ bavc Oudl￿ th¢ ruw￿111 st￿m￿ of The Besp)k¢ Taikffs, B<¥Tholent A55LKlat1￿ lthc Ch•rity) for th¢ year ended 3 Augua 2W24 whidj comprise the y8tan¢ni of a(tiVIti￿ die Wance sh￿t and thc relaied not itt¢ludirtg a summary of si8nific4nt acwJntin8 rditits. The fJn8E%¢ial r¢￿ting framcwolkthat h&sF*en applithl irt th¢ir PTrpaTaiior) is WpIi￿b1e IAW 8nd Urtited Kin8th)m A¢4%)Wkting Standard& including financta] Rep)rtittE StattduTd 102 'The Financi￿ Rep)rttTh8 Standard applicable in the UK 4r#1 iiqxd>li¢ of Jr¢lW￿, IUDitryJ Kingdom Genernlly ACC¢p￿d Ac¢ounting Practiee). In Opini￿ the fina￿la1 #*emen￿. 8ive a true and fair vicw of the s¢at¢ of the awiws Affairs &8 ¥ 3 Augu* 2024 aThJ of its incomiD8 re8our¢¢s and appli¢wi(xi of res0W￿ itic1￿11Th8 its i0o)me and ext*ThJitsrt forthe ye4r then ¢nded; have been [￿o{¢rIY prw¢4 ID with United Kulgdom CKrKrnlly Accepied Ac¢ountiE)g Prnct¥¢e,' have been prepued in with Ibe wuiremu)ts orth¢ Ch•xides A¢t 2011. B881s for oplnion Wc conduded our audit in aCCord￿ce with Intetnatio￿ SlafyJ&rth Auditing (UK) {ISAs (UK)) •nd aFvIK&bl¢ I￿. Our responsibilitie5 under those gandards ￿ fvnhc¥ d¢s¢ribed in thc Awjitoffs r￿￿nSIbilIti¢$ for the wdit of th rEnanei&l statements section of rALT ￿1X)rL We #ff tthd¢p¢tht of thc Charity inxeordgnc¢ with thc eAhiuJ requircments th&t are relev8nt th our audLL of the r1rthrt¢i￿ swements the Unl￿1 Kin8d{￿ iThcludtng the Fin￿tillI Rffjortin8 Council's bthicaj WMI wehave fulfLlltyJ wrotherethitsl re5wns￿l ilitics in accorthce with requiremcTrts. We bclicve that thc a￿111 evidtZLce w¢ have ottsined is wffi¢ient Ind ¥presThtr to provide a IAsis for WTOPirtion. Con¢lu$lon$ relAtlng to golThg eollrt In auditin8 thc financid Aatcrnen￿ we have corKI￿d th•t theTnJ#ets ￿ ofthe iwis ofw)Uniirt4 in PTeparin8 of the fm8nci8] Statements is 4ywia Bascd oth the work w¢ hav¢ pttfornrf wt h8vc not identifled 8ny MB￿1￿ wK¢rwnties relating to ev￿ or ¢ODdition$ th•L individu&lly or wll¢¢tiv¢ly. may ¢ast si￿rrie1￿ doulrt rn the Charity's ability ￿ ¢th¢inu¢ ￿ aBoinB eoncern for 8 period of at le&st twelve moTrths from when th¢ flr*wKial authoTised for iss11e. Our responsibili¢i¢s and the •billtks of TnJ#ttS with r¢spea to Boing cuK¢rn ￿ de￿Ib￿ In th¢ r¢l¢vw)t S¢¢lions of this repL Other Inforni#tlon The other itLforn)ation conwises the Inforn￿tIOn irKIth in tk othcT the f1noThci￿ ststememts and our Audi¢ol$ rw)rt th¢ro)n. The T￿￿¢¢$ rtSPOn5ible for the othes infomwiott contain￿ within the At)nU￿ r¢poTL Ouropinion on the fi1￿Cial statem￿ts do￿ w ¢ov¢rth¢ othu infornation ￿ except ￿the¢xl￿1 otherwiseexpliciily sta*d in our r¢p)rL we do t￿1 cxpress any fornj of &8$Ur￿ c￿ClUSIOn thcreon. (hr re5r*Msibility i* to r¢&d the other information and. in doin8 considcr whether the other inf0m￿b0Tr is matrrially iwmsis*nt with the financi statements or our knowledge ol*&inrJJ in th¢ cows¢ of the wdi( or otheTh￿se appe￿$ to b¢ materittlly mis￿alcd. If w¢ identify such maortai inconsiswciesorappamil M￿trial misAatementy We3￿ rtquithlth ddcrminEwhetherthi$8ives rise to a m8terial Mi8SW￿¢￿L in th¢ fMMcl￿ statC4nc4ts them*lves. l( bAstyJ on th¢ WOTk we have we ¢on¢Judc there is a n￿111 DJisstalcmcDt of infOrn￿￿o￿ w¢ ue rwfired to rewlthat f** We h?vc nothin8 to r¢FQrt in this Tcgard. M*tter5 0# which we gre r¢quir¢d to report by exeepth)n W¢ havc TKbthin8 lo rq)ort in r¢sp¢(l of the followiTr8 mattrrs i# tel*im to wlLith thc awÉtie5 (Accounty at)d Reports) RegullltiOll5 2008 require ￿ to rewKt to you if. in wr (oinion: or th¢ finan¢1￿ Meme*ts &r not agrruKnt with thc books ofaow)L we have not ¢r¢¢iv&l 811 th¢ InfOnn￿ eXplllnDtl￿ we T£4Ui￿ forulrwxlii Page 7 THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION INDEPE1￿ENT AUDITOR'S REPORT TO THE BOARD OF MANAGEMENT OF THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION (coiYfINUED) Ru￿)￿S1b1lltles of Trnste As &Kplatned more fully in the Tru*¢'s rt4thsibi11tiesstatem￿ th¢ TftMe¢sarc re5F￿sIble fortht pr4)ar￿I0n ofthe rinancial statements and forbein8 S8tisfi¢d thot they gjveatrne ￿ f8ir view. 8tyJ foT Such intrrna] eoDtToI &$ th¢Trusttt% dthrminc is necessary to enable th¢ preparntion of financia] thst are free from matcrial miSst￿L whether due to fraud or ¢m)r. In Pre￿ring the financial Statemen￿ th¢Trt￿￿Sare responsiblcf(w&8s¢s8ingth¢Charity's ability toconifftueasagoing ¢on¢ern. dis¢losing. ￿ applicable. mattSit is TwogniSL)J upon notification of thc int¢r&4t Of paysbl¢ by the bank DIVId￿d5 arr rccogni5ed ￿¢¢ thc dividend has trK¢n d¢clared and TrthifiLxtiotE h&5 irrniaJly up(xJ n0tsrJ￿IOft by (w iDV¢5ttnmrtwJvi50rofthe diVidL￿d yield ofthe invethicnl portfolio. Page 12 THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENtS FOR THE YEAR ENDED 3 AUGUST 2024 (CONTINUED) A¢eouatlng pollelu (¢o*tl•yed) 1.6 R£sourcu expemded Liabilitie5 arerecoBnÉsed as cxrKndilurc 0￿¢ there is a le8a] or oblig&tion eornmittingth¢ In#iullion io thai expenditur4 it is probibk that s¢¢Uw•)t be TequiTrd ar￿ thc amourEtofthcobli8ation can be measured Jrliably. All eX￿nd1￿]re is xcountcd foron an a¢cn*]s All expenK iticlt* sLTrwtcosts8nd pvffj)W¢¢¢LW& arc a]located to the onc charitable rdtvity in thc strtem￿ of ￿tivIti￿￿. The costs of fU￿J5 Irc thos¢ ￿sts in mawin8the Insti￿t￿)nts inw¢$tytK￿I w￿0110. Grants payablc are ptyments madc to third partic5 Én the filnhtran￿ of th¢ ¢haTitsble objects of the Jnsliiutiort. Provisions for gmts m*k Wht￿ the inlentil￿ lo tttakc the grnjt ￿ beu ¢ommunicatcd to the r¢¢ipi¢nt prior to the ba1￿ce 5tkeet datr but the timing of p&ymeni is likely ￿ be pjst yw clld. With re8ards to multt.year 8r8Dt% thEÉr discretion lo review exh aw8rd anm]8Jty WMI determine wh¢th¢r fvnLr¢ will k pid. GoVerR￿tt costs comprisc all e05ts involving tk ￿b]I¢ &&)unthlity of th Ins¢ibJtion and its ¢(¥nplian¢e with re8ulation s￿l80￿j prxtice. Irr¢coverabl¢ VAT is ¢hty I￿1n$t the expthlitiwc forwhich ti was in¢4￿red. 1.7 C*oh Cash i￿lUd¢S D)oni¢s held *th¢ In￿lti￿1￿.5 t•nk IA FlnAn¢lal Initr*ab••ts Thc In5¢ilu¢ion ¢lcctyJ to awly thc pry)vi%ions of Seaion I I 'Basic Financia] Inthmthts. and ￿10￿ 12 'OthcT financial In5trumtthts Issues, of FRS 102 ￿ all of its fmanciaj irthmetlty. rin8n¢ial instrwnuts are rwii*d irt the Inststu￿,l W•n(¢ 5hgd Wh￿ the In￿]bItIon b￿orneS party to the provisions of the ittS¢nunenL Fin4nci81 ass¢(s and Ii•biliii￿ are offseL with the t*t *nourds prewwi in the financial Statem￿ whm there 1$ Ic8ally cnforceable right lo sel off the and thue is an int•rtN)n to on a net bft5is or to rcalise the asset artd settle the liability simijlthnwjsly. 1.9 BASIC ftn*nelil B&sic fi[￿¢1￿1 asse￿ which incl￿edelW$ ADdcaShandbth￿bth￿￿ ar¢ iniiia]ly m¢￿red &ttrarLSXtion pn'ce includin8 tranwtion COSL8 8Thd we subwuentty ctrricd at ¥norti*J wst the effective intu¢st method. Financid &wts ¢1w1fi￿ ￿ re¢eiwablc within one year we Dot amorti* Investments are a fo￿ of tr*¥tc fiEWKt41 irtsin￿l and ue ÈniiiAily rwni*J at thur trans&ctiott valu¢ afyj subsequently mcasurcd at their fair value as w th¢ b814rKe shed date using the closing quoted mBTket priee. Th¢ $ta*mMi of finan¢id includG8 the nct gains aNI lo&￿ wising on Tcvalu￿1uj and disp05a15 throughout the y¢thr. The Instilution not wyir¢ put oNions dttivitives orothere(xnpkx fir￿¢1&E instwne 1.10 B•sle flD¥D¢lal Il*bllhl B&sic financial liabilLiie& including ¢r¢ditOTS aTr initiajty re¢wis&l ￿ trAtWlion pricc unless the 3r¥ang¢rncnt nslttut¢5 arIn￿¢1￿8 transaction. where thedtbt instrwwt is at the pmnt v￿ve of thc future Jyeeip di5countd at a market rate ofinterc5L FIn￿ciAl li8bilttyts claksificd rrayable withith onc y¢ar arc tMTrt 8mortigd. Crltlul •cco•ntlni ogtlm•t¢J In the appltcalK)n of the Institirtith)'$ pDlICi￿ the Trw* are requiroj ￿ make jydgwts. ￿]Mat¢S and ￿￿n￿lOn$ aiknitthe wrying amount of &￿ts and liabiliti¢Sth￿ aTC not rc4dity yarent othcr 50uree5. The estimates 8nd s5WiXtal assumptions ut b￿1 on histori￿ aperi¢ncc and other factor8 con51dered to k r¢l¢v•nL Arttwi rr5uIts may d¥ff¢f from thc5C CStim* The cstimat¢s and undertying &8sumptions are rev*wcJ on an ongoing basi& RevLSiOE)S to aLrountinB e#imates are reto8ni5a itt the p¢riod in which the crtimatr is whett the revision ¥ffects onty p¢rsrf ot in the period of the revisi(FJJ and future whcrc th¢ reviston 8ff¢¢ts and future pcriod> TheTTrLstc&sdo rK>t bclicvc thercknbc aDyj￿1gUnt￿ts0rcsI1m￿Sth￿W0￿1d trKconsidered ¢riii¢a] wthe finaTrcial Page 13 THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION NOTES TO THE FtNANCIAL sTATEmE￿s FOR THE YEAR ENDED 3 AUGUST 2024 (CONTINUED) DoA•tloos *tyd legaeiu Un￿￿till￿d )￿ndS 2024 2023 Dm¢KW aThJ gifts 5259 7,612 13.259 17,212 The wish to thank several compsThies for their kind do[￿tIonS￿uTi￿g the yetr. Included within gifts in kind 15 th¢ use of the m￿h8n1 Taylors, Hall from MeT¢hant Taylors, C*uin8 Ltd This WLwld havc had a market value of £3,(NJ)12023.. £6.(MM>I forth¢ F¢S¢1v￿ Dinncrand £3.O¢M)12023'. LI,600} forthc Summer Pllty. This h&$ also beeth included within direa ctbarity ￿lfare expcn Fundra￿1￿$ Ilrtivitlu- ineomÈ Unrestrkted Fu•d$ 2024 2023 Festival Dw*r 4IM5 36J73 16278 S￿r Party 59.740 52.851 The Tesult for th¢ F¢MivaJ tlinner was & of £13.225 {2023.. $ll￿1￿ of £12.7601 including the donation of £J.Q(K)12023.. £6.(KK)I for the use of the T&ylor'5 Hall {se¢ Notr 3). The r¢gJlt net of the of the hdl was a surplus of £8,22512023.. surylus of £6.760} (see Not¢ 6). The re5uli forthe Summer Party a Su￿7￿80f £1572 12023.. s￿￿luS0r£5326) in¢ludingthc donation of £3,0(X) 2023.. £4.8001 for the use of the Mtrchant Taylor'$ Hdl (8¢¢ Not¢ 31. The result Thet of th¢ us¢ of the h￿] deficit of £42812023.. defjcii of £374} Isc¢ ￿￿¢ 6). ltheomt from livetheAts Unrestricted Fundj 2024 2023 71742 33.J186 6&Y43 2&113 Int¢rest rc¢eNabk. TKbji￿ £444 (3n3.. £148) frun Ixnk rest￿ ac¢w t09228 97,106 Findr*blng *ctivitia- è¥peDdlthre Uttrtstritted Fwnds 2024 2(123 Fe5tr¥EI DThr 33.430 29.813 1&&52 Ststmr Party 1&513 51.943 4&465 Pag¢ 14 THE MESPOKE TAILORS, BENEVOLENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 AUGUST 2024 (CONTINUED) MAmagemeDt of imvtstrntst And xtrttsYl•t- *X￿dI￿￿ UnTrstrieted Fubds 2024 2023 Investn%nt fee5 33.416 io( 31412 iQ(MX) A￿jit. current year A￿Jit. year Bank Cha￿eS I￿￿&￿t 112 212 Prty￿1)g 35 35 $4J25 53,871 Audit Costs include pYtoryr4r adju51mcnts for ac¢rualsof audii fe¢$ were hi8httor lowtt than the fltwi c05L Amounts paid to auditors for audityn8 servi¢¢s ￿thI1￿] £IO.iXKI (2023.. £10.120}. GrAKts p•id to ￿￿¢11<1•r1el UAR¥tricted Fuods 2024 2023 AnrThny Ewardcd ￿an Or¢.itiv fywarthd ￿ll9 31.¥X) 37.450 3J71 Gr￿ts to btme&larltJ 3JJ71 40,71S All 8rants p8Éd in the year hsv¢ bem m*Je dirt¢dy w individu•15 to prnwd¢ flnancioj 5uroort during periods of h&rdship. Trustees Notlt of the TnMee5 lor any Perso￿ oN)r¢etyJ with them) rtre1V￿ any remurKradm dunng the y￿. During th¢ year noTrurte¢5 wcrc reimbursoj experLYS12023.. nill. l& Employee• There w¢r¢ no ¢mploy#s dwin8 the atrrettt (t￿l0ryt1r. I l. Net gAinJ oll invutments Un￿￿t￿￿ted Funds 2023 136258 183J21 30.936 sak ofthv¢sts)￿s 363.920 214J57 Page 15 THE BESPOKE TAILORS, BENEVOLENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 AUGUST 2024 (CONTINUED) 12. Flx¢d o$set knv¢¥th1￿ts Cash in porthllo l•vestmeDIs Totsi Cost orvalD*tiOD At 4 Aug￿1 2023 4484hn 355J&l 131.9XS (355J8Jl 4616,(Ar2 120) 363.920 12q(KA)) 11&785 133fj49} Vahxtk)n ¢ Cash wihdrnwn (M(ts)I DNMlend atkl rrterest rtt¢l￿d InvesmKnt ftes kni1} Capial r¢¥4yrr*M {33,6491 (12251 371k982 Jn982 At 3 Auewt 2024 4J31.708 203,930 5.035W8 Carrylry •mo•nt At 3 Aw 2024 203.930 5,035,638 At3Aw2ff 4.61W2 13. Debtori 2024 2023 Other debtor¥ I lJ40 Other debtors consist of accnjed irthme for th¢ F¢sttV81 DinDer8tKI Summu P&ty. Ixin8 tickcL Sales. which w¢re sctiled after the ertd ofthe fin•mcial y¢4r. l& Credito 2024 2023 Anxxmts fallmg year. 31*22 42,792 IS. Relakd party tr**s*ttlo Dwn8 the y¢ar w•r fcu of £]0.￿￿• (2023: £IO,IKQ) in￿]nEd to EPF AsKKia*s Lllnit•L 8 npany W￿lty by E.P. Fo& the seuetsry ofThe Beswk¢Tailor¢ Benevoleni As%)ciation Ènd £nil12023.. £nil} of rcimbur*] expen￿ The sccrcw r¢¢¢iv¢s a coffjplinThW ticket for the F￿1¥￿ l)i]Jner and Summcr P8ty. During the ytar%Nne of thctswttts h8V¢PTovidd ￿1(￿10 thc thanty fTeeof char8e. ThLe tothe nbturc ofthc5C seTViCC4 the c05t cantM)t be reliably tslimatrd. For this reLw]L this b¢en included withsn Nore 3 of the financi8J stytrmenL* The r¢suli of thi$docs affca thc overa]I t*)sition of the ch8rity. Page 16