2021-07-31-accounts - The Worshipful Company Of Blacksmiths Charitable Trust

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Charfty Numb9r 218114 THE WORSHIPFVL COMPANY OF BLACKSMfTrlS cHITABLE TRVST REPORT AND ACCOUNTS YEAR ENDED 31 JULY 2021

TRUSTEE:		The Worshipful		Company
SECRETARY:		Ms J Moffatt
ADDRESS:		9 Little Trinity	Lane
		London
		EC4V 2AD
BANKERS:		HSBC Bank Pic
		1 - 3 Bishopsgate
		London
		EC2N 3AQ
		Cafcash Ltd
		Kingshill
		West Mailing
		Kent
		ME19 4TA
INDEPENDENT	EXAMINER:	Graham Atkin	FCA
		I eonard House
		5-7 Newman Road
		Bromley
		Kent
		BR1 1RJ
INVESTMENT		M&G Securities		Ltd
MANAGERS:		P0 Box9038
		Chelm sford
		Essex CM99 2XF
SOLICITORS:		Pinsent Masons			Wediake	Bell
		30Aylesbury	Street		71 Queen	Victoria Street
		London			London
		EC1ROER			EC4V 4AY
CHARITY NUMBER:		216614

Nigel Baldwin Whitehead	Past Prime Warden	Chairman	(Resigned	31 July 2021)
Jilllan Deborah Cerey Moffatt	The Learned Clerk	Secretary
Jane Elizabeth Davis OBE QVRM TD DL	Court Assistant		(Appointed	as Chairman	1 August 2021)
Frances Elaine Coulson	Liveryman
Dean Hollington	Liveryman
Peter Giles Hurford OBE	Liveryman		(Resigned	10February 2021)
Christopher Rowland Jeal	Honorary Court Assistant		(Deceased	10May 2022)
Leslle Morgan OBE DL	Court Assistant
Hector lan Samuel Robb	Liveryman

				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
						2021	2020
						F.	E
INCOME FROM
Voluntary income				14,783	15,962	30,745	43,520
Investment income				15,529	209	15,738	18,544
Other income							300
TOTAL				30,312	16,171	46,483	62,364
EXPENDITURE ON
Charitable activities
Charitable donations	and grants			24,180	30,000	54,180	43,825
Operational activities				6,160		6,160	6,040
TOTAL				30,340	30,000	60,340	49,865
NET INCOME				(28)	(13,829)	(13,857)	12,499
Gains/(losses) on investment			assets	50,417	(176)	50,241	(58,920)
Net movement in funds				50,389	(14,005)	36,384	(46,421)
Fund balances brought		forward		392,261	69,506	461,767	508,188
Fund balances carried		forward		442,650	55,501	498,151	461,767

				BALANCE SHEET	BALANCE SHEET	BALANCE SHEET
				AS AT31JULY		2021
						2021		2020
				Notes
FIXEDASSETS
Investments							427,976		377,735
CURRENT ASSETS
Debtors				9	„.	2,500		7,458
Cash at bank and	In	hand				73,785		85,739
						76,285		93,197
LESSCURRENT	LIABILITIES
Creditors - amounts		falling due within one year		10		6,110		9,165
NET CURRENT ASSETS							70,175		84,032
TOTAL ASSETS	LESSCURRENT LIABILITIES						498,151		461,767
FUNDS
Unrestricted fund
General purpose	fund			12			433,562		384,206
Benevolence fund				12			9,088		8,055
							442,650		392,261
Restricted fund
Scottish bequest				12			14,000		14,000
Education and training			fund	12			30,948		44,986
Gabriel Masterclass				12			10,553		10,520
							55,501		69,506
							488 151		461,767

					Y	EAR ENDED 31 JUL	Y 2021
6	Charitable donations and	grants					2021		2020
							E		E
	Unrestricted funds
	Standing donations
	Blacksmiths Guild						600			500
	City and Guilds						300			250
	City of London Police Widows		8 Widowers			Fund	250			200
	Elworthy Sword Trophy Competition								1,000
	London Metropolitan Archives		and	Guildhall		Library	600			500
	Lord Mayor's appeal						1,800		1,500
	Royal British Legion: City of London				Branch			360		300
	Sheriffs' and Recorder's Fund							600		500
	Sons ofthe Clergy							180		150
	St.Andrew by the Wardrobe							360		300
	St. Paul's Cathedral							600		500
	Treloar Trust							480		400
	Trustees ofthe United Guilds									175
	Whizz Kids							300		250
	The Lord Mayor's Big Curry	Lunch						750		500
							7	150	7	025
	Other appeals
	Royal British Legion Poppy	Appeal					1,500
	GUTS (Fighting Bowel Cancer)							500
	Livery Schools Links - Digital		Divide		Campaign		1,500
	Second Chance							500
	Horse Rangers Assoc							500
	150mm Challenge Exhib Book						1,000
	London Legal Support Trust							500
	Urban Crafts Foundation						5,000
	Guild ofSt Bartholomew's Hospital							500
	Tower Hamlet Friends and	Neighbours					2,000
	Medway Queen Preservation		Society							250
	Polka Children's Theatre									250
	Deafblind UK							500		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							500		300
	Breast Cancer Haven							500
	British Liver Trust							500
	City Music Foundation							350
	Common Earth						1,150
	Hereford Make									250
	Computers for Southwark								1,500
	Jack Sampson Grant / Ironbridge			Museum						250
	Fraud Advisory Panel								1,000
	Newham Ability Football Club									500
							17	000	13	350
	Dr Nicholas Land
	(Prime Warden) Recommended			Charity List
	Lord Mayor's Appeal								1,500
	Calpe House									500
									2	000
	Tota! payments from general		fund				24,	180	22,375

						YEA	R ENDED 31 JUL	Y 2021
6	Charitable donations		and	grants		(Cont.)		2021 F.	2020f
	Total payments	from general		fund				24,180	22,375
	Adjustments to	donations							{1,200)
	Payments from	benevolence		fund		re. hardship	grants		500
	Total payments	from unrestricted				funds		24,180	21 675
	Restricted funds
	Education and training		bursaries					30,000	21,150
	Gabriel Masterclass								1 000
	Total payments	from restricted			funds			30000	22,150
	Total payments							54 180	43 825
7	Operational activities							2021	2020
	Secretary stipend							4,000	4,000
	Accountancy							1,320	1,260
	Independent Examiner's		report					840	780
								6 160	6040
8	Investments							2021	2020
								f.	L
	Historical cost of investments							350000	350000
	Market value of investments							427,976	377,735
9	Debtors							2021	2020
								6	E
	Tax recoverable							2,500	7,458
								2 500	2 413
10	Creditors							2021	2020
	Accruals							2,660	8,790
	8ursaries							3450	375
								6 110	0 165

	Unrestricted	Unrestricted	funds	Restricted funds	Restricted funds
	General	Benevolence		Education	Gabriel	Scottish	Total
	fund		fundf	& training f	Masterclass 6	Bequest f
Investments	419,377				8,599		427,976
Debtors	2,500						2,500
Cash at bank	14,345		9,088	34,398	1,954	14,000	73,785
Creditors	2,660			3,450			6,110
Fund balance	433562		9088	30948	10553	14000	498 151

Funds
				Movements	in Funds
		Balance						Balance
		01.08.20	Incoming	Resources	Movement	In	Transfers	31.07.21
			Resources	Expended	Investments
Restricted funds
Education and Training		44,986	15,962	(30,000)				30,948
Scottish Bequest		14,000						14,000
Gabriel Masterclass		10,520	209		176			10,553
Total restricted funds		69,506	16,171	30,000	176			55,501
Unrestricted funds
General fund		384,206	29,279	(30,340)	50,417			433,562
Benevolent fund		8055	1 033					9,088
Total unrestricted	funds	392261	30312	30340	50417			442 650
Total Funds		461,767	46,483	60,340)	50,241			498,151

Restricted funds
				2021		2020
Education and training		fund
Balance brought forward					44,986	51,740
Income:
Education and training	gift aid			13,462		11,850
Tax recoverable				2 500		2,546
					15962	14396
					60,948	66,136
Expenditure:
Herefordshire College of		Technology		21,275		15,000
Plumpton College				8,725		5,250
Kingston Maurward						750
Bursaries previously provided			for		30,000	150~24,150
Balance carried forward					30,948	44,986
Scottish bequest
Balance brought forward
and carried forward					14,000	14,000
Gabriel Masterclass
Balance brought forward				10,520		11,170
Investment income				209		195
Movement in investments				(176)		155
Masterclass						(1,000)
Balance carried forward					10,553	10,520
Total					55,501	69,506