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2022-06-30-accounts
| Reports |
|
| Legalandadministrativeinformation |
1 |
| Trustee'sreport |
3 |
| Independentauditor'sreport |
7 |
| Accounts |
|
| Statementoffinancialactivities |
11 |
| Balancesheet |
13 |
| Principalaccountingpolicies |
14 |
| Notestotheaccounts |
17 |
| Bankers |
BarclaysBankPLC |
|
1ChurchillPlace |
|
London |
|
E145HP |
| Investmentadvisors |
TheInvestmentsCommitteeofTheWorshipful |
|
CompanyofCarpenters |
| Solicitors |
WedlakeBellLLP |
|
71QueenVictoriaStreet |
|
London |
|
EC4V4AY |
|
|
|
|
|
2022 |
2021 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
£ |
| Income: |
|
|
|
|
|
|
| Donations |
1 |
31,000 |
54,100 |
|
85,100 |
86,200 |
| Investmentincome |
2 |
117,740 |
42,440 |
- |
160,180 |
164,957 |
| Totalincome |
|
148,740 |
96,540 |
|
245,280 |
251,157 |
| Expenditure: |
|
|
|
|
|
|
| Charitableactivities |
3 |
149,434 |
86,529 |
|
235,963 |
229,481 |
| Totalexpenditure |
|
149,434 |
86,529 |
|
235,963 |
229,481 |
| Net(expenditure)incomebefore |
|
|
|
|
|
|
| (losses)gainsoninvestments |
|
(694) |
10,011 |
|
9,317 |
21,676 |
| Net(losses)gainsoninvestments |
7 |
— |
— |
(167,451) |
(167,451) |
1,214,314 |
| Net(expenditure)incomeand |
|
|
|
|
|
|
| netmovementinfunds |
|
(694) |
10,011 |
(167,451) |
(158,134) |
1,235,990 |
| Reconciliationoffunds: |
|
|
|
|
|
|
| Fundbalancesbroughtforward |
|
|
|
|
|
|
| at1July2021 |
|
268,855 |
112,663 |
9,118,816 |
9,500,334 |
8,264,344 |
| Fundbalancescarriedforward |
|
|
|
|
|
|
| at30June2022 |
|
268,161 |
122,674 |
8,951,365 |
9,342,200 |
9,500,334 |
|
|
|
|
|
2021 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| Income: |
|
|
|
|
|
| Donations |
1 |
31,000 |
55,200 |
|
86,200 |
| Investmentincome |
2 |
118,604 |
46,353 |
|
164,957 |
| Totalincome |
|
149,604 |
101,553 |
|
251,157 |
| Expenditure: |
|
|
|
|
|
| Charitableactivities |
3 |
152,590 |
76,891 |
|
229,481 |
| Totalexpenditure |
|
152,590 |
76,891 |
|
229,481 |
| Net(expenditure)incomebeforegainson |
|
|
|
|
|
| investments |
|
(2,986) |
24,662 |
|
21,676 |
| Netgainsoninvestments |
7 |
|
|
1,214,314 |
1,214,314 |
| Net(expenditure)incomeandnetmovementin |
|
|
|
|
|
| funds |
|
(2,986) |
24,662 |
1,214,314 |
1,235,990 |
| Reconciliationoffunds: |
|
|
|
|
|
| Fundbalancesbroughtforward |
|
|
|
|
|
| at1July2020 |
|
271,841 |
88,001 |
7,904,502 |
8,264,344 |
| Fundbalancescarriedforward |
|
|
|
|
|
| at30June2021 |
|
268,855 |
112,663 |
9,118,816 |
9,500,334 |
|
|
2022 |
2022 |
2021 |
2021 |
|
Notes |
£ |
£ |
£ |
£ |
| Fixedassets |
|
|
|
|
|
| Listedinvestments |
7 |
|
9,008,407 |
|
9,175,856 |
| Currentassets |
|
|
|
|
|
| Debtors |
8 |
49,652 |
|
48,562 |
|
| Shorttermdeposits |
|
127,177 |
|
127,127 |
|
| Cashatbankandinhand |
|
186,324 |
|
173,996 |
|
|
|
363,153 |
|
349,685 |
|
| Liabilities: |
|
|
|
|
|
| Creditors:amountsfallingdue |
|
|
|
|
|
| withinoneyear |
9 |
(29,360) |
|
(25,207) |
|
| Netcurrentassets |
|
|
333,793 |
|
324,478 |
| Totalassetslesscurrent |
|
|
|
|
|
| liabilities |
|
|
9,342,200 |
|
9,500,334 |
| Thefundsofthecharity |
|
|
|
|
|
| Capitalfunds: |
|
|
|
|
|
| Endowmentfunds |
10 |
|
8,951,365 |
|
9,118,816 |
| Incomefunds: |
|
|
|
|
|
| Restrictedfunds |
11 |
|
122,674 |
|
112,663 |
| Unrestrictedfunds |
|
|
|
|
|
| .Generalfunds |
|
|
268,161 |
|
268,855 |
| Totalcharityfunds |
|
|
9,342,200 |
|
9,500,334 |
| Donations |
|
|
|
|
|
|
|
Unrestricted |
Restricted |
|
Unrestricted |
Restricted |
|
|
funds |
funds |
2022 |
funds |
funds |
2021 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| DonationsfromThe |
|
|
|
|
|
|
| WorshipfulCompany |
|
|
|
|
|
|
| ofCarpenters |
31,000 |
|
31,000 |
31,000 |
|
31,000 |
| DonationsfromThe |
|
|
|
|
|
|
| Carpenters' |
|
|
|
|
|
|
| CompanyCharitable |
|
|
|
|
|
|
| Trust |
|
54,100 |
54,100 |
|
55,200 |
55,200 |
|
31,000 |
54,100 |
85,100 |
31,000 |
55,200 |
86,200 |
| Investmentincome |
|
|
|
|
|
|
|
Unrestricted |
Restricted |
|
Unrestricted |
Restricted |
|
|
funds |
funds |
2022 |
funds |
funds |
2021 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Incomefromlisted |
|
|
|
|
|
|
| investments |
117,509 |
42,440 |
159,949 |
118,575 |
46,353 |
164,928 |
| Interestreceivable |
231 |
|
231 |
29 |
|
29 |
|
117,740 |
42,440 |
160,180 |
118,604 |
46,353 |
164,957 |
| Charitableactivities |
|
|
|
|
|
|
|
Unrestricted |
Restricted |
|
Unrestricted |
Restricted |
|
|
funds |
funds |
2022 |
funds |
funds |
2021 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Grantspayable |
123,076 |
86,529 |
209,605 |
127,449 |
76,891 |
204,340 |
| Supportcosts |
26,358 |
|
26,358 |
25,141 |
|
25,141 |
|
149,434 |
86,529 |
235,963 |
152,590 |
76,891 |
229,481 |
|
2022 |
2022 |
2021 |
2021 |
|
No. |
£ |
No. |
|
| Liverymen,Freemen,retireesandtheir |
|
|
|
|
| dependants |
5 |
29,774 |
6 |
30,084 |
| Crafteducation |
26 |
84,030 |
22 |
82,390 |
| Othereducation |
21 |
95,801 |
24 |
91,866 |
|
52 |
209,605 |
52 |
204,340 |
| 4 |
Governancecosts |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Auditor'sremuneration |
2,730 |
2,580 |
| Fixedassetinvestments |
|
|
|
2022 |
2021 |
| Listedinvestments |
£ |
£ |
| Marketvalueat1July2021 |
9,175,856 |
7,961,539 |
| Netunrealised(losses)gains |
(167,451) |
1,214,314 |
|
9,008,405 |
9,175,853 |
| Cashheldbyinvestmentmanagers |
2 |
3 |
| Marketvalueat30June2022 |
9,008,407 |
9,175,856 |
| Costat30June2022 |
4,879,121 |
4,879,121 |
| Debtors |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Accruedincome |
49,652 |
48,484 |
| Otherdebtors |
|
78 |
|
49,652 |
48,562 |
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
£ |
£ |
|
AmountduetoTheWorshipfulCompanyof |
|
Carpenters |
|
23,157 |
22,319 |
|
Accruals |
|
|
|
5,897 |
2,580 |
|
Othercreditors |
|
|
|
306 |
308 |
|
|
|
|
|
29,360 |
25,207 |
| 10 |
Endowmentfunds |
|
|
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
£ |
£ |
|
Permanentendowmentfunds |
|
|
|
6,418,100 |
6,538,162 |
|
Expendableendowmentfunds |
|
|
|
2,533,265 |
2,580,654 |
|
|
|
|
|
8,951,365 |
9,118,816 |
|
(a) Permanentendowmentfunds |
|
|
|
|
|
|
|
At1July |
Gainsand |
At1July |
Gainsand |
At30June |
|
|
2020 |
losses |
2021 |
losses |
2022 |
|
|
£ |
£ |
£ |
£ |
£ |
|
Capitalfund |
4,388,177 |
674,125 |
5,062,302 |
(92,960) |
4,969,342 |
|
Pysdenfund |
1,279,326 |
196,534 |
1,475,860 |
(27,102) |
1,448,758 |
|
|
5,667,503 |
870,659 |
6,538,162 |
(120,062) |
6,418,100 |
|
At |
|
At |
|
At |
|
1July |
Gainsand |
1July |
Gainsand |
30June |
|
2020 |
losses |
2021 |
losses |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| Capitalfund |
1,405,015 |
215,843 |
1,620,858 |
(29,764) |
1,591,094 |
| TheLondonYouthTrustfund |
831,984 |
127,812 |
959,796 |
(17,625) |
942,171 |
|
2,236,999 |
343,655 |
2,580,654 |
(47,389) |
2,533,265 |
|
At1 |
|
|
At30 |
|
July |
|
|
June |
|
2021 |
Income |
Expenditure |
2022 |
|
£ |
£ |
£ |
£ |
| Pysdenincomefund |
52,174 |
25,702 |
|
77,876 |
| LiveryAwardsfund |
16,544 |
40,000 |
(38,717) |
17,827 |
| ThePortalTrustfund |
4,372 |
— |
|
4,372 |
| LondonYouthTrustfund |
21,240 |
16,738 |
(30,312) |
7,666 |
| HartAward |
3,300 |
3,000 |
(5,750) |
550 |
| StuckeyAward |
11,700 |
6,600 |
(6,750) |
11,550 |
| KetlessAward |
3,333 |
2,000 |
(2,500) |
2,833 |
| OsborneAward |
— |
2,500 |
(2,500) |
- |
|
112,663 |
96,540 |
(86,529) |
122,674 |
|
At1 |
|
|
At30 |
|
July |
|
|
June |
|
2020 |
Income |
Expenditure |
2021 |
|
£ |
£ |
£ |
£ |
| Pysdenincomefund |
47,714 |
28,087 |
(23,627) |
52,174 |
| LiveryAwardsfund |
475 |
40,000 |
(23,931) |
16,544 |
| ThePortalTrustfund |
4,372 |
— |
— |
4,372 |
| LondonYouthTrustfund |
29,307 |
18,266 |
(26,333) |
21,240 |
| HartAward |
800 |
3,000 |
(500) |
3,300 |
| StuckeyAward |
4,000 |
7,700 |
|
11,700 |
| KetlessAward |
1,333 |
2,000 |
— |
3,333 |
| OsborneAward |
— |
2,500 |
(2,500) |
- |
|
88,001 |
101,553 |
(76,891) |
112,663 |
|
General |
Restricted |
Endowment |
Total |
|
funds |
funds |
funds |
2022 |
|
£ |
£ |
£ |
£ |
| Fundbalancesat30June2022 |
|
|
|
|
| arerepresentedby: |
|
|
|
|
| Investments |
57,042 |
- |
8,951,365 |
9,008,407 |
| Currentassets |
240,479 |
122,674 |
- |
363,153 |
| Creditors:amountsfallingduewithinone |
|
|
|
|
| year |
(29,360) |
- |
- |
(29,360) |
| Totalnetassets |
268,161 |
122,674 |
8,951,365 |
9,342,200 |
|
General |
Restricted |
Endowment |
Total |
|
funds |
funds |
funds |
2021 |
|
£ |
£ |
£ |
£ |
| Fundbalancesat30June2021 |
|
|
|
|
| arerepresentedby: |
57,040 |
|
9,118,816 |
9,175,856 |
| Investments |
|
|
|
|
| Currentassets |
237,022 |
112,663 |
- |
349,685 |
| Creditors:amountsfallingduewithinone |
|
|
|
|
| year |
(25,207) |
|
— |
(25,207) |
| Totalnetassets |
268,855 |
112,663 |
9,118,816 |
9,500,334 |