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2023-06-30-accounts
| Reports |
|
| Legalandadministrativeinformation |
1 |
| Trustee'sreport |
3 |
| Independentauditor'sreport |
7 |
| Accounts |
|
| Statementoffinancialactivities |
11 |
| Balancesheet |
13 |
| Principalaccountingpolicies |
14 |
| Notestotheaccounts |
17 |
| TheMaster |
DrAZimbler |
| SeniorWarden |
DrLDGGrossman |
| MiddleWarden |
MrSCorbett(resigned22October2023) |
| JuniorWarden |
MrLMallinson |
|
MrVGMorton-Smith |
|
MrWSHaynes |
|
MrJACWheeler |
|
MrMOPMay |
|
MrMRMathews |
|
RevdDrWPPovey(emeritusfrom3August2023) |
|
MrHMLancaster |
|
MrMJSamuel |
|
MrMRMosley |
|
MrMWFFelton |
|
MrMHWNeal |
|
MrAMGregory-Smith |
|
MrsRFBower |
|
HisHonourPWBirtsKC |
|
TheLordFlight,ofWorcester |
|
MrMMorrison |
| DeputyMaster |
BrigadierMJMeardon |
| TheClerk |
BrigadierTJGregson |
| FinancialController |
MsJLBrundell |
| Registeredaddress |
Carpenters'Hall |
|
ThrogmortonAvenue |
|
London |
|
EC2N2JJ |
| Charityregistrationnumber |
230990 |
| Auditor |
BuzzacottLLP |
|
130WoodStreet |
|
London |
|
EC2V6DL |
| Bankers |
BarclaysBankPLC |
|
1ChurchillPlace |
|
London |
|
E145HP |
| Investmentadvisors |
TheInvestmentsCommitteeofTheWorshipful |
|
CompanyofCarpenters |
| Solicitors |
WedlakeBellLLP |
|
71QueenVictoriaStreet |
|
London |
|
EC4V4AY |
|
|
|
|
|
2023 |
2022 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
£ |
| Income: |
|
|
|
|
|
|
| Donations |
1 |
28,500 |
57,600 |
|
86,100 |
85,100 |
| Investmentincome |
2 |
160,313 |
61,161 |
- |
221,474 |
160,180 |
| Totalincome |
|
188,813 |
118,761 |
|
307,574 |
245,280 |
| Expenditure: |
|
|
|
|
|
|
| Charitableactivities |
3 |
134,407 |
99,691 |
|
234,098 |
235,963 |
| Totalexpenditure |
|
134,407 |
99,691 |
|
234,098 |
235,963 |
| Netincomebeforegainson |
|
|
|
|
|
|
| investments |
|
54,406 |
19,070 |
|
73,476 |
9,317 |
| Netgains(losses)oninvestments |
7 |
|
|
503,525 |
503,525 |
(167,451) |
| Netincome(expenditure)and |
|
|
|
|
|
|
| netmovementinfunds |
|
54,406 |
19,070 |
503,525 |
577,001 |
(158,134) |
| Reconciliationoffunds: |
|
|
|
|
|
|
| Fundbalancesbroughtforward |
|
|
|
|
|
|
| at1July2022 |
|
268,161 |
122,674 |
8,951,365 |
9,342,200 |
9,500,334 |
| Fundbalancescarriedforward |
|
|
|
|
|
|
| at30June2023 |
|
322,567 |
141,744 |
9,454,890 |
9,919,201 |
9,342,200 |
|
|
|
|
|
2022 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| Income: |
|
|
|
|
|
| Donations |
1 |
31,000 |
54,100 |
|
85,100 |
| Investmentincome |
2 |
117,740 |
42,440 |
|
160,180 |
| Totalincome |
|
148,740 |
96,540 |
|
245,280 |
| Expenditure: |
|
|
|
|
|
| Charitableactivities |
3 |
149,434 |
86,529 |
|
235,963 |
| Totalexpenditure |
|
149,434 |
86,529 |
|
235,963 |
| Net(expenditure)incomebeforelosseson |
|
|
|
|
|
| investments |
|
(694) |
10,011 |
|
9,317 |
| Netlossesoninvestments |
7 |
|
- |
(167,451) |
(167,451) |
| Net(expenditure)incomeandnetmovementin |
|
|
|
|
|
| funds |
|
(694) |
10,011 |
(167,451) |
(158,134) |
| Reconciliationoffunds: |
|
|
|
|
|
| Fundbalancesbroughtforward |
|
|
|
|
|
| at1July2021 |
|
268,855 |
112,663 |
9,118,816 |
9,500,334 |
| Fundbalancescarriedforward |
|
|
|
|
|
| at30June2022 |
|
268,161 |
122,674 |
8,951,365 |
9,342,200 |
|
|
2023 |
2023 |
2022 |
2022 |
|
Notes |
£ |
£ |
£ |
£ |
| Fixedassets |
|
|
|
|
|
| Listedinvestments |
7 |
|
9,511,932 |
|
9,008,407 |
| Currentassets |
|
|
|
|
|
| Debtors |
8 |
8,117 |
|
49,652 |
|
| Shorttermdeposits |
|
130,745 |
|
127,177 |
|
| Cashatbankandinhand |
|
294,666 |
|
186,324 |
|
|
|
433,528 |
|
363,153 |
|
| Liabilities: |
|
|
|
|
|
| Creditors:amountsfallingdue |
|
|
|
|
|
| withinoneyear |
9 |
(26,259) |
|
(29,360) |
|
| Netcurrentassets |
|
|
407,269 |
|
333,793 |
| Totalassetslesscurrent |
|
|
|
|
|
| liabilities |
|
|
9,919,201 |
|
9,342,200 |
| Thefundsofthecharity |
|
|
|
|
|
| Capitalfunds: |
|
|
|
|
|
| Endowmentfunds |
10 |
|
9,454,890 |
|
8,951,365 |
| Incomefunds: |
|
|
|
|
|
| Restrictedfunds |
11 |
|
141,744 |
|
122,674 |
| Unrestrictedfunds |
|
|
|
|
|
| .Generalfunds |
|
|
322,567 |
|
268,161 |
| Totalcharityfunds |
|
|
9,919,201 |
|
9,342,200 |
| Donations |
|
|
|
|
|
|
|
Un- |
|
|
Un- |
|
|
|
restricted |
Restricted |
|
restricted |
Restricted |
|
|
funds |
funds |
2023 |
funds |
funds |
2022 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Donationsfrom: |
|
|
|
|
|
|
| TheWorshipfulCompanyof |
|
|
|
|
|
|
| Carpenters |
28,500 |
- |
28,500 |
31,000 |
|
31,000 |
| TheCarpenters'Company |
|
|
|
|
|
|
| CharitableTrust |
- |
57,600 |
57,600 |
|
54,100 |
54,100 |
|
28,500 |
57,600 |
86,100 |
31,000 |
54,100 |
85,100 |
| Investmentincome |
|
|
|
|
|
|
|
Un- |
|
|
Un- |
|
|
|
restricted |
Restricted |
|
restricted |
Restricted |
|
|
funds |
funds |
2023 |
funds |
funds |
2022 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Incomefromlisted |
|
|
|
|
|
|
| investments |
156,455 |
61,161 |
217,616 |
117,509 |
42,440 |
159,949 |
| Interestreceivable |
3,858 |
- |
3,858 |
231 |
- |
231 |
|
160,313 |
61,161 |
221,474 |
117,740 |
42,440 |
160,180 |
|
Un- |
|
|
Un- |
|
|
|
restricted |
Restricted |
|
restricted |
Restricted |
|
|
funds |
funds |
2023 |
funds |
funds |
2022 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Grantspayable |
108,313 |
99,691 |
208,004 |
123,076 |
86,529 |
209,605 |
| Supportcosts |
26,094 |
— |
26,094 |
26,358 |
- |
26,358 |
|
134,407 |
99,691 |
234,098 |
149,434 |
86,529 |
235,963 |
|
2023 |
2023 |
2022 |
2022 |
|
No. |
£ |
No. |
£ |
| Liverymen,Freemen,retireesandtheir |
|
|
|
|
| dependants |
4 |
30,743 |
5 |
29,774 |
| Crafteducation |
28 |
97,191 |
26 |
84,030 |
| Othereducation |
19 |
80,070 |
21 |
95,801 |
|
51 |
208,004 |
52 |
209,605 |
| 2023 |
2022 |
| £ |
£ |
| 2,950 |
2,730 |
| Fixedassetinvestments |
|
|
|
2023 |
2022 |
| Listedinvestments |
£ |
£ |
| Marketvalueat1July2022 |
9,008,405 |
9,175,856 |
| Netunrealisedgains(losses) |
503,525 |
(167,451) |
|
9,511,930 |
9,008,405 |
| Cashheldbyinvestmentmanagers |
2 |
2 |
| Marketvalueat30June2023 |
9,511,932 |
9,008,407 |
| Costat30June2023 |
4,879,121 |
4,879,121 |
| Debtors |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Accruedincome |
617 |
49,652 |
| AmountduefromCarpenters'CompanyCharitableTrust |
7,500 |
|
|
8,117 |
49,652 |
| Creditors:amountsfallingduewithinoneyear |
|
|
|
2023 |
2022 |
|
£ |
£ |
| AmountduetoTheWorshipfulCompanyofCarpenters |
22,950 |
23,157 |
| Accruals |
2,950 |
5,897 |
| Othercreditors |
359 |
306 |
|
26,259 |
29,360 |
| Endowmentfunds |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Permanentendowmentfunds |
6,779,126 |
6,418,100 |
| Expendableendowmentfunds |
2,675,764 |
2,533,265 |
|
9,454,890 |
8,951,365 |
|
At1July |
Gainsand |
At1July |
Gainsand |
At30June |
|
2021 |
losses |
2022 |
losses |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| Capitalfund |
5,062,302 |
(92,960) |
4,969,342 |
279,532 |
5,248,874 |
| Pysdenfund |
1,475,860 |
(27,102) |
1,448,758 |
81,494 |
1,530,252 |
|
6,538,162 |
(120,062) |
6,418,100 |
361,026 |
6,779,126 |
|
At |
|
At |
|
At |
|
1July |
Gainsand |
1July |
Gainsand |
30June |
|
2021 |
losses |
2022 |
losses |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| Capitalfund |
1,620,858 |
(29,764) |
1,591,094 |
89,501 |
1,680,595 |
| TheLondonYouthTrustfund |
959,796 |
(17,625) |
942,171 |
52,998 |
995,169 |
|
2,580,654 |
(47,389) |
2,533,265 |
142,499 |
2,675,764 |
|
At1 |
|
|
At30 |
|
July |
|
|
June |
|
2022 |
Income |
Expenditure |
2023 |
|
£ |
£ |
£ |
£ |
| Pysdenincomefund |
77,876 |
37,060 |
(46,920) |
68,016 |
| LiveryAwardsfund |
17,827 |
40,000 |
(26,677) |
31,150 |
| ThePortalTrustfund |
4,372 |
— |
— |
4,372 |
| LondonYouthTrustfund |
7,666 |
24,101 |
(21,594) |
10,173 |
| HartAward |
550 |
3,000 |
- |
3,550 |
| StuckeyAward |
11,550 |
10,100 |
(2,000) |
19,650 |
| KetlessAward |
2,833 |
2,000 |
- |
4,833 |
| OsborneAward |
— |
2,500 |
(2,500) |
- |
|
122,674 |
118,761 |
(99,691) |
141,744 |
|
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 |
|
General |
Restricted |
Endowment |
Total |
|
funds |
funds |
funds |
2023 |
|
£ |
£ |
£ |
£ |
| Fundbalancesat30June2023 |
|
|
|
|
| arerepresentedby: |
|
|
|
|
| Investments |
57,042 |
- |
9,454,890 |
9,511,932 |
| Currentassets |
291,784 |
141,744 |
|
433,528 |
| Creditors:amountsfallingduewithinone |
|
|
|
|
| year |
(26,259) |
|
|
(26,259) |
| Totalnetassets |
322,567 |
141,744 |
9,454,890 |
9,919,201 |
|
General |
Restricted |
Endowment |
Total |
|
funds |
funds |
funds |
2022 |
|
£ |
£ |
£ |
£ |
| Fundbalancesat30June2022 |
|
|
|
|
| arerepresentedby: |
57,042 |
— |
8,951,365 |
9,008,407 |
| Investments |
|
|
|
|
| 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 |