Charity Number.. 216614 THE WORSHIPFUL COMPANY OF BLACKSMITHS CHARITABLE TRUST REPORT AND ACCOUNTS YEAR ENDED 31 JULY 2020
| TRUSTEE: | The Worshipful | The Worshipful | Company of Blacksmiths | |
|---|---|---|---|---|
| SECRETARY: | Ms J Moffatt | |||
| ADDRESS: | 9 Little Trinity | Lane | ||
| London | ||||
| EC4V 2AD | ||||
| BANKERS: | HSBC Bank Pic | |||
| 1 - 3Bishopsgate | ||||
| London | ||||
| EC2N 3AQ | ||||
| Cafcash Ltd |
||||
| Kings hill | ||||
| West Mailing | ||||
| Kent | ||||
| ME194TA | ||||
| INDEPENDENT | EXAMINER: | Graham Atkin FCA |
||
| Leonard House | ||||
| 5-7 Newman | Road | |||
| Bromley | ||||
| Kent | ||||
| BR1 1RJ | ||||
| INVESTMENT | MBG Securities | Ltd | ||
| MANAGERS: | P0Box9038 | |||
| Chelrnsford | ||||
| Essex CM992XF |
||||
| SOLICITORS: | Pinsent Masons | |||
| 30Aylesbury | Street | |||
| London | ||||
| EC1R OER | ||||
| CHARITY NUMBER: | 216614 |
| Nigel Baldwin Whitehead | Past Prime Warden | Chairman |
|---|---|---|
| Jillian Deborah Cerey Moffatt | The Learned Clerk | Secretary |
| Jane Elizabeth Davis OBE QVRM DL |
Court Assistant | |
| Frances Elaine Coulson | Liveryman | |
| Dean Hollington | Liveryman | |
| Peter Giles Hurford OBE | Liveryman | |
| Christopher Rowland Jeal |
Liveryman | |
| Leslie Morgan OBE DL | Liveryman | |
| Hector lan Samuel Robb | Liveryman |
| Notes | Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||||
| 2020 | 2019 | |||||||
| INCOME FROM | ||||||||
| Voluntary income |
29,124 | 14,396 | 43,520 | 14,152 | ||||
| Investment income |
18,349 | 195 | 18,544 | 18,099 | ||||
| Other income | 300 | 300 | 5,000 | |||||
| TOTAL | 47,773 | 14,591 | 62,364 | 37,251 | ||||
| EXPENDITURE ON | ||||||||
| Charitable activities |
||||||||
| Charitable donations |
and grants | 21,675 | 22,150 | 43,825 | 29,300 | |||
| Operational activities |
6,040 | 6,040 | 6,040 | |||||
| TOTAL | 27,715 | 22,150 | 49,865 | 35,340 | ||||
| NET INCOME | 20,058 | (7,559) | 12,499 | 1,911 | ||||
| Gains/(losses) on investment |
assets | (59,075) | 155 | (58,920) | (7,130) | |||
| Net movement in funds |
(39,017) | (7,404) | (46,421) | (5,219) | ||||
| Fund balances brought |
forward | 431,278 | 76,910 | 508,188 | 513,407 | |||
| Fund balances carried | forward | 392,261 | 69,506 | 461,767 | 508,188 |
| BALAN CESHEET | BALAN CESHEET | BALAN CESHEET | BALAN CESHEET | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AS AT | 31 JULY | 2020 | |||||||||
| 2020 | 2019 | ||||||||||
| Notes | |||||||||||
| FIXEDASSETS | |||||||||||
| Investments | 377,735 | 436,655 | |||||||||
| CURRENT ASSETS | |||||||||||
| Debtors | 7,458 | 4,913 | |||||||||
| Cash at bank and | in | hand | 85,739 | 75,060 | |||||||
| 93,197 | 79,973 | ||||||||||
| LESS CURRENT | LIABILITIES | ||||||||||
| Creditors - amounts | falling | due within one year | 10 | 9,165 | 8,440 | ||||||
| NET CURRENT ASSETS | 84,032 | 71,533 | |||||||||
| TOTAL ASSETS | LESS CURRENT LIABILITIES | 461,767 | 508,188 | ||||||||
| FUNDS | |||||||||||
| Unrestricted fund |
|||||||||||
| General purpose | fund | 12 | 384,206 | 431,278 | |||||||
| Benevolence fund |
12 | 8,055 | |||||||||
| 392,261 | 431,278 | ||||||||||
| Restricted fund |
|||||||||||
| Scottish bequest | 12 | 14,000 | 14,000 | ||||||||
| Education and training |
fund | 12 | 44,986 | 51,740 | |||||||
| Gabriel Masterclass | 12 | 10,520 | 11,170 | ||||||||
| 69,506 | 76,910 | ||||||||||
| 461,767 | 508,188 | ||||||||||
| Approved by the Wardens |
ofThe Worshipful | Company | of | Blacksmiths | |||||||
| r N hl Land, Prime | Warderr | ||||||||||
| Date: | &4-.5 - 2-3 |
| 3 | Voluntary | inc | ome | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||||||||||
| Donations | ||||||||||||||||
| During the | year the | following | donations | were received | ||||||||||||
| to restricted | funds | |||||||||||||||
| Education | and | training | gift | aid | 11,850 | 10,765 | ||||||||||
| Taxation | recoverable | on gift aid | 2,546 | 2,500 | ||||||||||||
| 14,396 | 13,265 | |||||||||||||||
| to unrestricted | funds | |||||||||||||||
| Donation | from | Clifford | Champion | Trust | 27,500 | |||||||||||
| Other | donations | re. general | fund | 1,069 | 887 | |||||||||||
| Donations | re. benevolence | fund | 555 | |||||||||||||
| 29,124 | 887 | |||||||||||||||
| 43,520 | 14,152 | |||||||||||||||
| 4 | Investment | income | 2020 | 2018 | ||||||||||||
| E | ||||||||||||||||
| Investment | income | 18,379 | 17,973 | |||||||||||||
| Bank interest | 165 | 126 | ||||||||||||||
| 18,544 | 18,099 | |||||||||||||||
| 5 | Other income | 2020 | 2018 | |||||||||||||
| F | ||||||||||||||||
| Leslie Morgan | Legacies | 5,000 | ||||||||||||||
| Bank compensation | payments | 300 | ||||||||||||||
| 300 | 5 | QQO |
| THE | WORSH | WORSH | WORSH | IPFUL COMPANY OF BLACKSMITHS CHARITABLE TRUST |
IPFUL COMPANY OF BLACKSMITHS CHARITABLE TRUST |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NOTES | TO THE ACCOUNTS (Continued) | ||||||||||||
| YEAR ENDED 31JULY 2020 | |||||||||||||
| 6 | Charitable donations |
and | grants | 2020f | 2019 f |
||||||||
| Unrestricted funds |
|||||||||||||
| Standing donations |
|||||||||||||
| Blacksmiths Guild |
500 | 500 | |||||||||||
| City and Guilds | 250 | 250 | |||||||||||
| City of London Police Widows | 8 Widowers | Fund | 200 | 150 | |||||||||
| Elworthy Sword Trophy |
Competition | 1,000 | 700 | ||||||||||
| Guildhall Library |
500 | 250 | |||||||||||
| Lord Mayor's appeal | 1,500 | 1,500 | |||||||||||
| Royal Bdtish Legion: City | of | London | Branch | 300 | 250 | ||||||||
| Sheriffs' and Recorder's | Fund | 500 | 250 | ||||||||||
| Sons ofthe Clergy | 150 | 150 | |||||||||||
| St.Andrew by the Wardrobe |
300 | 300 | |||||||||||
| St.Paul's Cathedral | 500 | 500 | |||||||||||
| Treloar Trust | 400 | 300 | |||||||||||
| Trustees ofthe United Guilds |
175 | 150 | |||||||||||
| Whizz Kids | 250 | 200 | |||||||||||
| The Lord Mayor's Big Curry |
Lunch | 500 | |||||||||||
| 7 525 | 5,450 | ||||||||||||
| Other appeals | |||||||||||||
| Build Up | 500 | ||||||||||||
| Demelza Life |
500 | ||||||||||||
| James Crampton | 300 | ||||||||||||
| Individual benevolence |
grant | 5,000 | |||||||||||
| Oasis Play | 250 | ||||||||||||
| Royal Navy 8 Royal Marines | Charity | 250 | |||||||||||
| Sea Scouts | 250 | ||||||||||||
| Tower Hamlet Friends and | Neighbours | 250 | |||||||||||
| Medway Queen Preservation | Society | 250 | |||||||||||
| Polka Children's Theatre |
250 | ||||||||||||
| Deafblind UK |
500 | ||||||||||||
| The Stuart Low Trust | 1,000 | ||||||||||||
| Combat Stress | 500 | ||||||||||||
| Crisis (PPW Nigel Whitehead | Skydive) | 1,000 | |||||||||||
| Dover Sholem Community | Trust | 500 | |||||||||||
| Guild of Handicraft Trust |
300 | ||||||||||||
| London Play | 250 | ||||||||||||
| The Medaille Trust | 250 | ||||||||||||
| St Paul's Cathedral Covid |
Memorial | Appeal | 1,000 | ||||||||||
| FANY (PRVC) | 500 | ||||||||||||
| StJohn's Covid Appeal | 500 | ||||||||||||
| Lord Mayor"s Livery Kitchen | Initiative | 1,000 | |||||||||||
| London Scottish House | Appeal | 500 | |||||||||||
| London Youth Rowing | 400 | ||||||||||||
| Ironbridge Gorge Museum |
Trust Emergency | Appeal | 250 | ||||||||||
| Nehemiah Project |
300 | ||||||||||||
| Cherished Memories |
300 | ||||||||||||
| Ambition, Aspire, Achieve |
300 | ||||||||||||
| Hereford Make |
250 | ||||||||||||
| Computers for Southwark |
1,500 | ||||||||||||
| Jack Sampson Grant/ |
Ironbridge | Museum | 250 | ||||||||||
| Fraud Advisory Panel | 1,000 | ||||||||||||
| Newham Ability Football Club |
500 | ||||||||||||
| 13,350 | 7,300 | ||||||||||||
| Dr Nicholas Land | |||||||||||||
| (Prime Warden) Recommended | Charity | List | |||||||||||
| Medecins sans Frontieres | (UK) | 500 | |||||||||||
| The Welsh Guards Lt Col |
Central | Fund | / Charity | 500 | |||||||||
| The Coldstream Guards |
Charitable | Funds | 500 | ||||||||||
| Humanitarian Aid Relief Trust |
(HART) | 500 | |||||||||||
| Adventure Plus |
500 | ||||||||||||
| Lord Mayor's Appeal | 1,500 | ||||||||||||
| Calpe House | 500 | ||||||||||||
| 2,000 | 2,500 | ||||||||||||
| Total payments from general |
fund | 22,375 | 15,250 |
| YEA | YEA | YEA | R ENDED 31JUL | Y2020 | |||||
|---|---|---|---|---|---|---|---|---|---|
| 6 | Charitable donations |
and | grants (Cont.) | 2020 | 2019 | ||||
| F | |||||||||
| Total payments | from general | fund | 22,375 | 15,250 | |||||
| Adjustments to |
donations | (1,200) | |||||||
| Payments from |
benevolence | fund | re. hardship | grants | 500 | ||||
| Total payments | from unrestricted | funds | 21,675 | 15,250 | |||||
| Restricted funds | |||||||||
| Education and training |
bursaries | 21,150 | 14,050 | ||||||
| Gabriel Masterclass | 1 000 | ||||||||
| Total payments | from restricted | funds | 22,150 | 14050 | |||||
| Total payments | 43,825 | 29,300 | |||||||
| 7 | Operational activities |
2020 | 2019 | ||||||
| Secretary stipend | 4,000 | 4,000 | |||||||
| Accountancy | 1,260 | 1,260 | |||||||
| Independent Examiner's |
report | 780 | 780 | ||||||
| 6,040 | 6,040 | ||||||||
| 8 | Investments | 2020 | 2019 | ||||||
| Historical cost of investments | 350,000 | 350,000 | |||||||
| Market value of investments | 377,735 | 436,655 | |||||||
| 9 | Debtors | 2019 | |||||||
| Tax recoverable | 7,458 | 4,913 | |||||||
| 7,458 | 2,413 | ||||||||
| 10 | Creditors | 2020 | 2019 | ||||||
| F | |||||||||
| Accruals | 8,790 | 7,740 | |||||||
| Bursaries | 375 | 700 | |||||||
| 9,165 | 8,440 |
| General | Benevolence | Education | Gabriel | Scottish | Total | |
|---|---|---|---|---|---|---|
| fund | fund | &training | Masterclass | Bequest | ||
| E | F | E | ||||
| Investments | 368,960 | 8,775 | 377,735 | |||
| Debtors | 7,458 | 7,458 | ||||
| Cash at bank | 15,578 | 8,055 | 45,361 | 2,745 | 14,000 | 85,739 |
| Creditors | (7,790) | (375) | (1,000) | (9,165) | ||
| Fund balance | 384,206 | 8,055 | 44,986 | 10,520 | 14,000 | 461,767 |
| Funds | ||||||||
|---|---|---|---|---|---|---|---|---|
| Movements | in Funds | |||||||
| Balance | Balance | |||||||
| 01.08.19 | Incoming | Resources | Movement | In | Transfers | 31.07.20 | ||
| Resources | Expended | Investments | ||||||
| Restricted funds | ||||||||
| Education and Training |
51,740 | 14,396 | (21,150) | 44,986 | ||||
| Scottish Bequest | 14,000 | 14,000 | ||||||
| Gabriel Masterclass | 11,170 | 195 | 1,000 | 155 | 10,520 | |||
| Total restricted funds |
76,910 | 14,591 | (22,150) | 155 | 69,506 | |||
| Unrestricted funds |
||||||||
| General fund | 431,278 | 47,218 | (27,215) | (59,075) | (8,000) | 384,206 | ||
| Benevolent fund |
555 | 500 | 8,000 | 8 055 | ||||
| Total unrestricted | funds | 431,278 | 47773 | 27715 | 59,075 | 392,261 | ||
| Total Funds | 512,654 | 62,364 | (49,865) | (58,920) | 461,767 |
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Education and training |
fund | |||||
| Balance brought forward | 51,740 | 47,525 | ||||
| Income: | ||||||
| Education and training |
gift aid | 11,850 | 10,765 | |||
| Legacies | 5,000 | |||||
| Tax recoverable | 2,546 | 2 600 | ||||
| 14,666 | 18,265 | |||||
| 66,136 | 65,790 | |||||
| Expenditure: | ||||||
| Herefordshire College ofTechnology |
15,000 | 7,600 | ||||
| Plumpton College |
5,250 | 7,400 | ||||
| Kingston Maurward |
750 | |||||
| (Unclaimed bursaries)l |
bursaries | 150 | (950) | |||
| previously provided for |
||||||
| 21,150 | 14,050 | |||||
| Balance carried forward | 44,986 | 51,740 | ||||
| Scottish bequest | ||||||
| Balance brought forward |
||||||
| and carried forward | 14,000 | 14,000 | ||||
| Gabriel Masterclass | ||||||
| Balance brought forward |
11,170 | 10,919 | ||||
| Investment income |
195 | 195 | ||||
| Movement in investments |
155 | 56 | ||||
| Masterclass | (1,000) | |||||
| Balance carried forward | 10,520 | 11,170 | ||||
| Totai | 69,506 | 81,125 |