OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Trustee The lronmongers' The lronmongers' Trust Company
Charity number 219153
Principal address lronmongers' Hall
Shaftesbury Place
London
ECZY 8AA
Auditors HW Fisher LLP
Acre House
11-15William Road
London
United Kingdom
NWI 3ER
Bankers Barclays Bank PLC
1 Churchill
Place
London
E145HP
Investment managers Sarasin &Partners LLP
Juxon House
100St Paups Churchyard
London
EC4M 8BU

Page
Trustee's report
Statement ofTrustee's responsibilities
Independent
auditor's		 report 7-9
Statement offinancial activities 10-11
Balance sheet 12
Statement ofcash flows 13
Notes to the financial statements 14-27
Grants payable
analysis		 28-32

Structure,
governance		 Structure,
governance		 and management
1. Trustee
The following individuals are directors ofThe Trustee as at the date ofthis report:
DJWorlidge
H J Charnaud
GABastln
RH Hunting
RIPatteson-Knight
RCRTwallin
JVerden
DJLimming

Current financial year Current financial year
Unrestricted Unrestricted Restricted Endowment Total Total
funds funds funds funds
general designated
2021 2021 2021 2021 2021 2020
Notes K g
Income and en
Donations
and legacies		 93,828 15,551 109,379 148,000
Incoming resources from
charitable
activities		 421,637 421,637 488,149
Investments 857,728 212,809 641,319 1,711,856 2,137,624
Other income 12,394 8 12,402 13
Total iucome and endowments 1,291,759 212,809 735,155 15,551 2,255,274 2,773,786
d
Charitable
activities		 1,238,545 754,453 1,992,998 1,844,252
Net gains/(losses)
on
investments 10 324,618 332,050 749,503 789,825 2,195,996 (888,188)
Net iacoming resources
before transfers 377,832 544,859 730,205 805,376 2,458,272 41,346
Gross transfers between
funds (141,615) 700 140,915
Net movement in funds 236,217 545,559 730,205 946,291 2,458,272 41,346
Fund balances at I April
2020 1,615,145 4,895,723 11,594,025 13,609,721 31,714,614 31,673,268
Fund balances at31
March 2021 I&851,362 5,441,282 12,324,230 14,556,012 34,172,886 31,714,614

Prior financial year
Unrestricted Unrestricted Restricted Endowment Total
funds funds funds funds
general designated
2020 2020 2020 2020 2020
Notes 8
Iaco ments fr
Donations
and		 legacies 131,682 16,318 148,000
Incoming resources I'iom charitable
activities 488,149 4E8,149
Investments 1,216,045 121,659 799,920 2,137,624
Other income 13 13
Total iacome and endowments 1,704,194 121,659 931,615 16,318 2,773,786
~Ch
Charitable
activities		 6 1,078,119 766,133 1,844,252
Net gains/(losses)
on investments		 10 (204,035) (55,719) (315,948) (312,486) (S88,188)
Net incoming resources before
transfers 422,040 65,940 (150,466) (296,168) 41,346
Gross transfers between funds (2,500,700) 2,500,700
Net movement in funds (2,078,660) 2,566,640 (150,466) (296,168) 41,346
Fund balances at I April 2019 3,693,805 2,329,083 11,744,491 13,905,889 31,673,268
Fund balances at31March 2020 1,615,145 4,895,723 11,594,025 13,609,721 31,714,614

2021 2020
Notes f
Fixed assets
Tangible assets 12 2,474,975 2,091,271
Heritage assets 13 4,732 4,732
Investments 14 34,520,674 38,293,908
37,000,381 40,389,911
Current assets
Debtors 16 251,334 250,462
Cash at bank and in hand 8,273,815 2,274,544
8,525,149 2,525,006
Creditors: amounts falling due withia one
year 1$ (542,452) (386,860)
Net current assets 7,982,697 2,138,146
Total assets less current liabilities 44,983,078 42,528,057
Creditors: amounts falling due after more
than one year 19 (10,810,192) (10,813,443)
Net assets 34,172,886 31,714,614
Capital funds
Endowment
funds		 14,556,012 13,609,721
Income funds
Restricted
funds		 20 12,324,230 11,594,025
Unrestricted
funds:
Designated
funds		 21 5,441,285 4,895,723
General unrestricted funds 1,851,359 1,615,145
7,292,644 6,510,868
34,172,886 31,714,614

2021 2020
Notes
Cash flows from operating activities
Cash absorbed by operations 25 (1,223,753) (1,189,292)
Investing
activities
Purchase oftangible fixed assets (455,109) (82,203)
Purchase of investments (955,983)
Proceeds on disposal of investments 5,969,230
Investment
income received		 1,711,856 2,137,624
Net cash generated
from		 investing activities 7,225,977 1,099,438
Pinancing
activities
Repayment ofbank loans (2,953) (3,931)
Net cash used in financing activities (2 953) (3,931)
Net increase/(decrease)
in		 cash and cash equivalents 5,999,271 (93,785)
Cash and cash equivalents at beginning ofyear 2,274,544 2,368,329
Cash and cash equivalents at end ofyear 8,273,815 2,274,544

Almshouses Education
and		 Total AlmshousesEducation AlmshousesEducation and Total
relief ia need relief in need
2021 2021 2021 2020 2020 2020
f. 8
Staff costs 144,179 144,179 149,071 149,071
Depreciation and impairment 31,224 40,181 71,405 30,844 40,181 71,025
Repairs and maintenance 100,188 100,188 79,443 79,443
Other costs 47,901 3,668 51,569 38,900 14,100 53,000
Water, light and heat 233,102 26,134 259,236 193,570 25,266 218,836
556,594 69,983 626,577 491,828 79,547 571,375
Grant funding ofactivities
(see appendix) 170,207 447,233 617,440 88,506 445,853 534359
Share ofsupport costs (see
note 7) 511,744 237,237 748,981 497,785 240,733 738,518
1,238,545 754,453 1,992,998 1,078,119 766,133 1,844,252
Analysis
by fund
Unrestricted funds - general 1,238,545 1,238,545 1,078,119 1,078,119
Restricted
funds		 754,453 754,453 766,133 766,133
1,238,545 754,453 1,992,998 1,078,119 766,133 1,844,252
7 Support costs Education
aud relief in 2021 Almshouses Education
and		 2020
Almshouses need relief in need
'E
Governance costs
Committee expenses 110 49 159 2,925 6,587 9,512
Audit fees 6,187 6,187 12,374 6,060 6,060 12,120
6,297 6,236 12,533 8,985 12,647 21,632
Other support costs
Staff costs 206,563 91,654 298,217 203,473 88,610 292,083
Other costs 216,464 216,464
Legal and professional 41,549 41,549 28,433 28,433
Interest 256,432 139,346 395,778 256,894 139,476 396,370
727,305 237,236 964,541 497,785 240,733 738,518

The average monthly
number ofemployees
during the y		 ear was.
2021 2020
Number Number
Almshouse
staff
Employment
costs		 2021 2020
Wages and salaries 353,965 345,202
Social security costs 28,805 28,346
Other pension costs 59,626 67,606
442,396 441,154

12 Tangible fix ed assets
Freehold Fixtures, Total
land and fittings
tfi
buildings equipmentf
Cost
At I April 2020 3,147,822 199,680 3,347,502
Additions 447,320 7,789 455,109
At 31March 2021 3,595,142 207,469 3,802,611
Depreciation and impairment
At I April 2020 1,098,417 157,814 1,256,231
Depreciation charged in the year 61,356 10,049 71,405
At 31March 2021 1,159,773 167,863 1,327,636
Carrying
amount
At 31March 2021 2,435,369 39,606 2,474,975
At 31March 2020 2,049,405 41,866 2,091,271
13 Heritage assets
At IApril 2020 and at31March 2021 4,732

Units
8
Cost orvaluation
At 1April 2020 38,293,908
Valuation changes 2,195,996
Disposals (5,969,230)
At 31March 2021 34,520,674
Carrying amount
At 31March 2021 34,520,674
At 31March 2020 38,293,908
15 Financial instruments 2021 2020
Carrying amount of financial assets
Instruments measured at fair value through profit or loss 34,520,674 38,293,908
16 Debtors
2021 2020
Amounts falling due within one year:
Other debtors 139,545 147,443
Prepayments
and accrued income		 111,789 103,019
251,334 250,462

2021 2020
8
Bank loans 313,443 316,396
Ferroners pic loans 10,500,000 10,500,000
10,813,443 10,816,396
Payable within one year 3,251 2,953
Payable atter one year 10,810,192 10,813,443
Amounts included above which fall due atter five years:
Payable by instalments 293,559 298,335
Payable at end ofterm 10,500,000 10,500,000

Creditors: am ounts
falling due		 within one year
2021 2020
Notes
Bank loans 17 3,251 2,953
Other taxation and social security 1,719 1,986
Trade creditors 129,019 78,695
Amount
owed		 toThe Worshipful Company oflronmongers 825
Other creditors 6,256 6,253
Accruals and deferred income 402,207 296,148
542,452 386,860

19 Creditors: amounts Creditors: amounts falhng due after more than one year
2021 2020
Notes g
Bank loans 17 310,192 313,443
Amounts due to Ferroners pic 17 10,500,000 10,500,000
10,810,192 10,813,443
41
440
4!		 C4
0
0
4tc		 Cl
CI
n		 O
I
444		 O
ICI
'n
'ct		 C
I
co
nt		 C
I
co
nt		 tD
CO
I
In
M		 Ct
m
4
Il
E		 I
00		 CI
CD
Ct		 Cl vl
C		 O
cnO		 'D
Cl		 C
CD
Ct
M
0 cc
Fk0
0
~O		 I
~
0
ct		 It
0
0
4
CO		 g
L
tc
ct		 cn
04
cn		 044
O		 M ID
CI
O
B
0
"0		 g 0 IEI In
cn
0 E C'
C		 cn
M
0C 0
44		 CD In occ
00 00
44		 0 40
cn		 cn
C4		 CtO I I
C0'0 I'|
0 0 E I I CD
0
clC		 0 C Itl
cn		 I
cn		 40
CD		 cn
Ifl
I I
A040
4C04		 400
0
0		 0
0
05
C0		 4'0
0
IC
4
oa
C
0
~0		 0
'D
0		 O
cn		 I
04
cl EL m CI
Ill
0
B
8		 cl0
I00
e
Zt		 0
0
I
44
cl		 C I
M		 cD
I
0		 0
Cn
CV		 c
M
OCI		 cn
u1
M		 '0
p
'0
0
g		 lE'000
0 00 00
'A		 00
.B M
A '0 '0 Io
L
0
04
g
80		 00
'4
0
B
00
B		 '0
0		 400
Q
M		 0
Vl00
cl0
0		 0 0
lo
B0
A		 0
:-j
5 0
bit A0
M		 0
0
0
M
0
'0
0
0		 '0
'B
44
cc
M
4
O
00
4		 IDB
L0
U
0		 0
0
4,
U O
rd		 C'I
V
0		 0
=:j
O0
E0 M
C
0 0
C
0 0		 00
al
0
IE		 00 D
cc
D a
~V'crO
I		 0
CI
Oc
rn
Oc
Oc		 CI
CI		 VV
Ual
C0
0
0		 5
0
CI
CD
CD0
CD
0'0
C0
I
V
0
00
'C00
0		 000
l7fl
0
0
E
0)
00
00
0
r/~
00
C		 0
0
U
00		 Q
U
c5
V
V '0
'0
V
E c
UI
0
ra
gj
Vt
8I
8 M
c 8
O
O
0
C
/08
M
U		 E0
'0
'8
M
0
C0
CL
E		 '0
ClVC0
CLV
V
I
LOE		 CL0
6
CI0j
Ct
2
'E'0
V0
g
E
V		 CI0
al		 L
~I
C
O tt
D
8 0L
Ct
L
0
Ct
V O
D
M
O
IS C
D 0		 CI
C)		 CD
CD
Oc		 CD0
Ch
C)		 00
E
cd
I0
Cd
E
0
V
E
0
al
VD		 0
00
00
0
j
UE 8 V 0 8 o
U		 '0
alC
I
cd
V
00
C
H.
Ct
CI
E
0
cd
V
/0al
0
t:0D.
CL
0
al
000
cd'0
0
M
00
C0		 UOE'0
00
0
M
Q
M
00
:j9
0
5
'0
CE
cd
0
g		 C0
al00
0
I
V		 00
'5
000
E0t:0D,
0
5
CL
Ct
'0
ClI
at
C
C		 "0
p
'0
C0
j		 V 8
0' VD
Oj
CV
8
Dt
5 0
)
0
CL
M
Dal ~
/00 CV
dd
E
cd
CL
M
O
0
00
M
Cj
IE
UI
al
j::
8 E
0
M
CL
el
Q ~O
Vt
C
0
M'0
00C0
0
00
A
00
0
'Cl
al
O'
0
5
Cl
ct
C
~o
,V
0
0,
0
M
0
C
E		 Itl
c3
0Q
Cl
al
C
t
C
MV
)
al
'C
IL0		 0
jO
CE
00
C
00
50
V
0		 0
V
0
VV
Cl
4
'0
00
4
00
4
0
E
0
0
E00		 dd Cl
4
Etl
0
I
I
g L
0 0
CIL
CI O
v cr
12
IH g		 O
CD0
CI
CI
CD
0
'E
0
ccl		 0
CD		 CI
CD
CI0		 5
rd
'O '0
V '
0
al 0
V
I
V
V
al
8
IE
cd
I00
O
al0,
M
00
C 6
0
al
Ur
CL
Cl
00
CLE
g
I
cd L'0
M
5 8
"0
M
cl, 8
CI cld
P
C
V0
CdC
C
UI
CI
V
E 0'		 N
C0
E
C0
h
UI
E
E0
U
U
0
'8
8
0
0
IYI
I
Ul
M
8
CI
CD U
IE 0
00 0
0 0
':-j
P8
O '+I I I I
cn		 00O cn
CD I
C I Ch
CD		 cn
0		 00" I I
00		 C
Cd oo c I
cn cn
a o O
t I Ctc
0 Co
'D
V 'Da O
O		 o C'I
cn		 co ln
00
C
I		 0O cn cn
I cn
O
C'I		 ot cn
cl CD
C I		 cn
O		 tct
I
a dt
O Vl
Cc
ttt
00 'Ct
CD
Cd «I Ctt I I
Ctt		 Ct
O 00 CD
A Ctt
C O
cn cn
a
V
9		 nn
a
a		 Ot ctt cxt
O
I		 rc
O
00O		 C'I
CD
4
co Cd C'I
I
cn"		 Cd
O
00
o"		 CD
I I
cn
CC
nn
Cl
cda00		 ct'a O ttt 00
l2		 Ct
cn
ln
v
V
'L		 'a
i		 O I I
C I
00		 00
C'I
O		 CD C I
tct
00
a Cl
a		 CCI C'
Co
Cl
Ut
01		 7,
cl		 5
tat
CI
0		 V
g
a
td		 Cd a 8
V
V		 ot V
a g V
cl		 V 'ig O on
A

25 Cash generated
from operations		 Cash generated
from operations		 Cash generated
from operations		 2021 2020
Surplus for the year 2,458,272 41,346
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (1,711,856) (2,137,624)
Gain on disposal of investments (75,054)
Fair value gains and losses on investments (2,120,942) 888,188
Depreciation
and impaiiment oftangible fixed assets		 71,405 71,025
Movements
in working capital:
(Increase) in debtors (872) (37,457)
Increase/(decrease) in creditors 155,294 (14,770)
Cash absorbed by operations (1,223,753) (1,189,292)
26 Analysis ofchanges in net (debt)/funds
At I April 2020
f		 Cash flaws At 31March 2021
f
Cash at bank and in hand 2,274,544 5,999,271 8,273,815
Loans falling due within one year (2,953) (298) (3,251)
Loans falling due atter more than one year (10,813,443) 3,251 (10,810,192)
(8,541,852) 6,002,224 (2,539,628)

2021 2020
8
SirRobert Geffery's Almshouse Trust
Adventure
Hyndburn
Ltd		 9,145
Bolton Lads &Girls Club 7,611
City ofLondon School for Girls 10,745 6,256
Educational
Dance Provision Service		 8,942
Epic Partners 3,565
Goals Beyond Grass 4,000
Hampshire &IsleofWight Community Foundation 10,000
Homiman
Public Museum		 &Public Park Trust 8,985
Kirklees Theatre Trust 7,250
Lyric Theatre, Hammersmith 50,000
Magpie dance 7,500
Makebelieve
Arts		 15,920 15,920
National
Youth Theatre		 7,000
New Writing North 8,650
Reading Repertory
Theatre		 5,000
StVincent Family Project 25,000 25,000
Thanet Community
Development		 Trust Ltd 4,680
The Arts Depot Trust Limited 5,200
The Surrey Care Trust 6,344
World Heart Beat Musie Academy 6,000
170,207 88,506
Ironmongers'
Foundation		 - Iron Committee
Cambo Heritage Trust - prior year (5,000)
Church ofthe Immaculate Conception, Penzance 4,000
Dukes Meadows Trust 5,000
Technicians
Award		 250
Friends ofSt Conan's Kirk 5,335
Guildford
Cathedral		 1,865
Hatfield
Memorial
Lecture		 500
Heritage ofLondon Trust
Hyde Park Picture House 5,000
Imperial
College		 5,000 5,000
Ironbridge
Gorge Museum		 Trust - prior year (3,000)
Jubilee Awards (4,000) 4,000
Maritime Archaeology
SeaTrust		 5,000
National
Heritage Ironwork		 Group 7,500
Old Royal Naval College, Greenwich 6,162
Oxford Medal 450

2021 2020
1-leytesbury
Church		 307
Petherton
Arts Trust		 748
GESTLtd 6,000
Ruskin
Mill Trust - Chimney		 8,121 (2,820)
Shrewsbury
Flaxm ill Malting		 18,500
South ofEngland
Agricultural		 Show 750
Slough Fort Preservation
Trust		 2,000
South ofEngland
Agricultural		 Show (April 18) 750
StBartholomews
Church, Tong		 772
StChad's Church, Haggerston 7,000
StJohn Evangalist
Sparks		 (10,000)
StMary-at-Hill
Church, Eastcheap		 (1,800) 1,800
StJohn's Church, Rental 7,500
The Bluecoat, Liverpool 770
The Charterhouse,
London		 7,000 5,000
The Chelsea Physic Garden Company 2,735
Trimontium
Trust		 2,650 (2,650)
United Synagogue (2,160)
University ofBirmingham 5,000
University ofCambridge 5,000
University ofManchester 1,000
University ofOxford 5,000
University ofSheffield 5,000 5,000
University ofSheffield - prior year (2,800)
55,896 63,339
Ironmongers'
Foundation		 -Bettons Appeals Committee
Active Hope 8,536
Cardinal
Hume Centre		 8,050
Chichester Diocesan Association for Family support 4,000
City ofLondon and North East Sector Army Cadet Force 1,000 1,000
Guildhall
School Trust		 5,000 5,000
Mansion House Scholarship Scheme 1,000 1,000
Marine Society and Sea Cadets 2,400 2,400
Master's Allocation (2,300)
Nature Vibezzz 5,000
Prison Fellowship
England		 &Wales 5,400
St Catherine's
School, Ventnor		 1,487
The Colonel's Fund, Grenadier Guards 10,000 10,000

2021 2020
The Lord Mayors Appeal 2,000 18,500
Thomley Hall Centre Ltd 10,000
Vamos Theatre CIO 5,084
Yellow Submarine
Holidays		 7,500
49,387 62,670
Ironmongers'
Foundation		 -Scholarships dr General
Arkwright
Engineering
Scholarship		 2,200 2,200
Cambridge
Science Centre		 13,020
Dudley Academies
Trust		 5,160
Engineering
Development		 Trust 9,870 4,800
Gasp Motor Project 5,907
Institute ofEngineering
and		 Technology 2,200 2,200
Leeds City College 9,340
Livery Kitchen Initiative 5,000
Mitcham Town Community Trust 5,660
SirRobert Geffery's School, Landrake 6,325
Smallpeice Trust 10,160 9,720
The Access Project 10,000 10,000
The Manchester
Youth Zone		 Ltd 6,681
The Work Wise Foundation 15,000 15,000
Timberley Acadamy 1,935
University ofOxford 19,000
82,683 88,695
Thomas Betton Education England dr Wales Scbool Fund
Bethany CEJunior School, Winchester 7,500 7,500
Christ's Hospital 17,925 17,925
Emmaus
Catholic/CE
Primary		 School, Sheffield 7,500 7,500
King Edward School, Witley 7,000 7,000
Make Believe Arts 44,666 202
Scunthorpe
CEPrimary
School		 7,500 7,500
StAndrew's
Berm CEPrimary		 School, Rugby 7,500 7,500
StJohn's CEPrimary School, Durham 15,000 7,500
St Martin's CEPrimary School, Salisbury 7,500 7,500
The Bishops CEPrimary School, Thetford 7,500 7,500
129,591 77,627

2021 2020
8
Thomas Betton Education London School Fund
StMarys CEPrimary School, Brent 16,300 7,500
StPaul's Cathedral 15,000 15,000
St Stephens CE Primary School, Southwark 7,500 7,500
38,800 30,000
Thomas Betton Relief In Need
ADD-Nl Children's
Charity		 5,000
Art Services Grants Ltd 9,640
BFAdventure 8,682
CARIS Camden Families 4,344
City ofLondon Police Widows and Orphans Fund 300 300
Collar and Tie Ltd 6,600
Contact 4,304
Daisy Inclusive Ltd 5,326
Doorstep Library Network 3,803
Drake Music 4,000
Drunken
Chorus		 3,900
Edmonton
Community		 Partnership 4,090
Face Front Inclusive Theatre Ltd 10,000
Finding Rhythms 6,000
Friends ofVictoria School, Birmingham 3,000
Hackney Music Development
Trust		 5,700
Kiln Theatre 5,000
Lewisham
Music		 3,810
Music ofLife Foundation 9,647
Play Midlothian 4,158
Rainy Day Trust 2,000 2,000
Ravenscliffe
Community		 Association 9,380
Rudolph
Walker Foundation		 1,985
Sheriffs and Recorders Fund 2,000 2,000
Skylight Circus 5,975
Starcatchers Productions Ltd 5,000
Swindon Women's
Aid		 3,000
The Downright
Special		 Network 8,869
The Garage Trust Ltd 10,000
The Green Team (Edinburgh k Lothians) Ltd 9,540
The Talent Tap 6,985
Transform
Training		 3,600
Warrington
Youth Club		 Ltd 5,486

2021 2020
8 f
Wirral Youth Zone 9,272
YKIDS Ltd 5,656
Young Lewisham Project 8,000
84,830 123,522
SirRobert Geffery's School Charity, Landrahe
SirRobert Geffery's School, Landrake 6,046
6,046
617,440 534,359