2021-06-30-accounts

Reports
Legal and	administrative	information
Trustee's	report
Independent auditor's		report

Accounts
Statement offinancial	activities
Balance sheet		13
Principal accounting	policies	14
Notes to the accounts		17

						2021	2020
			Unrestricted	Restricted	Endowment	Total	Total
		Notes	funds f	funds 8	funds f	funds 6	funds 6
Income:
Donations		1	31,000	55,200		86,200	78,500
Investment income		2	118,604	46,353		164,957	194,437
Total income			149,604	101,553		251,157	272,937
Expenditure:
Charitable activities		3	152,590	76,891		229,481	262,203
Total expenditure			152,590	76,S91		229,481	262,203
Net (expenditure)	Income before gains
(losses) on Investments			(2,986)	24,662		21,676	10,734
Net gains (losses)	on investments	7			1,214,314	1,214,314	(472,193)
Net (expenditure)	income and net
movement In funds			(2,986)	24,662	1,214,314	1,236,990	(461,459)
Reconciliation of	funds:
Fund balances brought forward
at 1 July 2020			271,841	88,001	7,904,502	8,264,344	8,725,803
Fund balances carried forward
at 30June 2021			268,855	112,663	9,118,816	9,500,334	8,264,344

							2020
				t)nrestricted	Restricted	Endowment	Total
			Notes	funds E	funds f	funds f	funds
Income:
Donations			1	31,000	47,500		78,500
Investmentincome			2	143,012	51,425		194,437
Total income				174,012	98,925		272,937
Expenditure:
Charitable activities			3	148,889	113,314		262,203
Total expenditure				148,889	113,314		262,203
Net income (expenditure)		before gains on
investments				25,123	(14,389)		10,734
Net gains (losses) on investments			7	619		(472,812)	(472,193)
Net income (expenditure)		and net movement
in funds				25,742	(14,389)	(472812)	(461,459)
Reconciliation	offunds:
Fund balances	brought forward
at 1Ju/y 2019				246,099	102,390	8,3TT,314	8,725,803
Fund balances	canied forward
at 30June 2020				271,841	88,001	T,904,502	8,264,344

		Notes	2021	2021 5	2020f	2020f
Fixed assets
Listed investments				9,175,856		7,961,542
Current assets
Debtors		8	48,562		102,305
Short term deposits			127,127		127,078
Cash at bank and in hand			173,996		112,935
			349,685		342,318
Liabilities:
Creditors; amounts	falling due
within one year		9	(25,207)		(39,516)
Net current assets				324,478		302,802
Total assets less current
liabilities				9,500,334		8,264,344
The funds ofthe charity
Capital funds:
Endowmentfunds		10		9,118,816		7,904,502
Income funds:
Restricted funds				112,663		88,001
Unrestricted funds
.General funds				268,855		271,841
Total charity funds				9,500,334		8,264,344

1	Donations
				Unrestricted		Restricted			Unrestricted		Restricted
					funds f	funds f		2021		funds		funds E	2020 f
	Donations from	The
	Worshipful Company ofCarpenters				31,000		31,000			31,000			31,000
	Donaticns from	The
	Carpenters'
	Company Charitable Trust					55,200	55,200					47,500	47,500
					31,000	55,200	86,200			31,000		47,500	78,500
2	Investment income
				Unrestricted		Restricted			Unrestricted			Restricted
					funds f	funds E		2021 E		funds		funds f	2020 f
	Income from listed				118,575	46,353	164,928			142,386		51,425	193,811
	investments
	Interest receivable				29			29		626			626
					118,604	46,353	164,957			143,012		51,425	194,437
3	Charitable activities
				Unrestricted		Restricted			Unrestricted			Restricted
					funds f	funds f		2021 E		funds E		funds f	2020 f
	Grants payable				127,449	76,891	204,340			126,981		113,314	240,295
	Support costs				25,141		25,141			21,908			21,908
					152,590	76,891	229,481			148,889		113,314	262,203
	The charity made grants				to individuals in accordance			with	its	grant making		policy set	out in
	the Trustee's	report.
	Support costs comprise				a management charge		in	respect		of staff	supporting the		grant
	making function		and	governance		costs (note 4).
	The grants payable			to individuals		during the year	were for		the	following	purposes:
							2021			2021		2020	2020
								No.		E		No.
	Liverymen, Freemen,			retirees and their
	dependants							6		30,084		6	33,421
	Craft education							22		82,390		36	106,814
	Other education							24		91,866		22	96,328
	Other grants											2	3,732
								52		204,340		66	240,295

4	Governance costs	Governance costs
			2021f	2020f
	Auditor's	remuneration	2,580	2,360

Fixed asset i	nvestme	nts
			2021	2020
Listed investments			f
Market value at 1 July 2020			7,961,539	8,478,732
Disposals				(45,000)
Net unrealised	gains/ (losses)		1,214,314	(472,812)
Realised gains				619
			9,175,853	7,961,539
Cash held by investment		managers	3	3
Market value at	30June	2021	9,175,856	7,961,542
Cost at 30June	2021		4,879,121	4,879,121

Debtors
	2021f	2020f
Accrued income	48,484	48,485
Other debtors	78	53,820
	48,562	102,305

								2021f	2020f
	Amount	due	to	The Worshipful		Company	ofCarpenters	22,319	22,192
	Accruals							2,580	17,024
	Other creditors							308	300
								25,207	39,516
10	Endowment			funds
								2021	2020
									f.
	Permanent		endowment		funds			6,538,162	5,667,503
	Expendable		endowment		funds			2,580,654	2,236,999
								9,118,816	7,904,502

(a) Permanent	(a) Permanent	endowment	funds
			At 1 July	Gains and	At 1 July	Gains and	At 30June
			2019	lossesf	2020 f	losses f	2021 f
Capital	fund		4,650,658	(262,481)	4,388,177	674,125	5,062,302
Pysden	fund		1,355,850	(76,524)	1,279,326	196,534	1,476,860
			6,006,508	(399,005)	5,667,503	870,659	6,538,162

(b) Ex	pendable endowment	fund
		At		At		At
		1 July	Gains and	1 July	Gains snd	30June
		2019f	lossesf	2020	losses f	2021 f
Capital	fund	1,489,057	(84,042)	1,405,015	215,843	1,620,858
The London Youth Trust fund		881,749	(49,765)	831,984	127,812	959,796
		2,370,806	(133,807)	2,236,999	343,655	2,580,654

				At 1			At 30
				July			June
				2020	Income	Expenditure	2021
					8		6
Pysden	income		fund	47,714	28,087	(23,627)	52,174
Livery Awards		fund		475	40,000	(23,931)	16,544
The Portal Trust			fund (formerly Sir John
Cess Foundation			fund)	4,372			4,372
London	Youth Trust fund			29,307	18,266	(26,333)	21,240
Hart Award				800	3,000	(500)	3,300
Stuckey	Award			4,000	7,700		11,700
Ketless	Award			1,333	2,000		3333
Osborne	Award				2,500	(2,500)
				88,001	101,553	(76,891)	112,663
				Al 1			Ar 30
				July			June
				2019 E	Income f	Expenditure	2020
Pysden	income		fund	52,570	31,144	(36,000)	47,714
Livery Awards		fund			40,000	(39,525)	475
The Portal Trust			fund (formerly SirJohn
Cess Foundation			fund)	4,372			4,372
London	Youth	Trust fund		38,148	20,281	(29,122)	29,307
Hart Award				300	3,000	(2,500)	800
Stuckey	Award			6,000		(2,000)	4,000
Kelless	Award			1,000	2,000	(1,667)	1,333
Osborne	Award				2,500	(2,500)
				102,390	98,925	(113,314)	88,001

12	Analysis ofnet	Analysis ofnet	assets between	assets between	funds
						General	Restricted	Endowment	Total
						funds	funds	funds	2021
						f	f	f	f
	Fund balances	at		30June 2021
	are represented		by:			57,040		9,118,816	9,175,856
	Investments
	Current assets					237,022	112,663		349,685
	Creditors: amounts			falling due within	one
	year					(25,207)			(25,207)
	Total net assets					268,855	112,663	9,118,816	9,500,334
						General	Restricted	Endowmenl	Total
						funds	funds	funds f	2020 f
	Fund balances at		30June 2020
	are represented	by:
	Investments					57,040		7,904,502	7,961,542
	Cun ant assets					254,317	88,001		342,318
	Creditors: amounts			falling due within	one
	year					(39,518)			(39,516)
	Total net assets					271,841	88,001	7,904,502	8,284,344