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2024-06-30-accounts
| Reports |
|
| Legalandadministrativeinformation |
1 |
| Trustee'sreport |
3 |
| Independentauditor'sreport |
7 |
| Accounts |
|
| Statementoffinancialactivities |
11 |
| Balancesheet |
13 |
| Principalaccountingpolicies |
14 |
| Notestotheaccounts |
17 |
| Trustee |
TheWorshipfulCompanyofCarpenters |
| MembersoftheCourt |
|
| TheMaster |
DrLDGGrossman |
| SeniorWarden |
MrLMallinson |
| MiddleWarden |
MrSCorbett(resigned22October2023) |
| MiddleWarden |
MrJWPreston(installed6March2024) |
| JuniorWarden |
MrJWPreston(until6March2024) |
| JuniorWarden |
ViceAdmiralPMBennett(installed6March2024) |
|
MrVGMorton-Smith |
|
MrWSHaynes |
|
MrJACWheeler |
|
MrMOPMay |
|
MrMRMathews |
|
MrHMLancaster |
|
MrMJSamuel |
|
MrMRMosley |
|
MrMWFFelton |
|
MrMHWNeal |
|
MrAMGregory-Smith |
|
MrsRFBower |
|
HisHonourPWBirtsKC |
|
TheLordFlight,ofWorcester(emeritusfrom3 |
|
December2023) |
|
MrMMorrison |
|
BrigadierMJMeardon |
| DeputyMaster |
DrAZimbler |
| TheClerk |
BrigadierTJGregson |
| DeputyClerk/FinancialController |
MsJLBrundell |
| Registeredaddress |
Carpenters'Hall |
|
ThrogmortonAvenue |
|
London |
|
EC2N2JJ |
| Charityregistrationnumber |
230990 |
|
|
|
|
|
2024 |
2023 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
£ |
| Income: |
|
|
|
|
|
|
| Donations |
1 |
33,000 |
51,100 |
|
84,100 |
86,100 |
| Investmentincome |
2 |
169,808 |
63,113 |
|
232,921 |
221,474 |
| Totalincome |
|
202,808 |
114,213 |
|
317,021 |
307,574 |
| Expenditure: |
|
|
|
|
|
|
| Charitableactivities |
3 |
167,956 |
90,132 |
|
258,088 |
234,098 |
| Totalexpenditure |
|
167,956 |
90,132 |
|
258,088 |
234,098 |
| Netincomebeforegainson |
|
|
|
|
|
|
| investments |
|
34,852 |
24,081 |
- |
58,933 |
73,476 |
| Netgainsoninvestments |
7 |
10,962 |
|
849,711 |
860,673 |
503,525 |
| Netincomeandnetmovement |
|
|
|
|
|
|
| infunds |
|
45,814 |
24,081 |
849,711 |
919,606 |
577,001 |
| Reconciliationoffunds: |
|
|
|
|
|
|
| Fundbalancesbroughtforward |
|
|
|
|
|
|
| at1July2023 |
|
322,567 |
141,744 |
9,454,890 |
9,919,201 |
9,342,200 |
| Fundbalancescarriedforward |
|
|
|
|
|
|
| at30June2024 |
|
368,381 |
165,825 |
10,304,601 |
10,838,807 |
9,919,201 |
|
|
|
|
|
2023 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| Income: |
|
|
|
|
|
| Donations |
1 |
28,500 |
57,600 |
|
86,100 |
| Investmentincome |
2 |
160,313 |
61,161 |
|
221,474 |
| Totalincome |
|
188,813 |
118,761 |
|
307,574 |
| Expenditure: |
|
|
|
|
|
| Charitableactivities |
3 |
134,407 |
99,691 |
|
234,098 |
| Totalexpenditure |
|
134,407 |
99,691 |
|
234,098 |
| Netincomebeforelossesoninvestments |
|
54,406 |
19,070 |
|
73,476 |
| Netlossesoninvestments |
7 |
|
|
503,525 |
503,525 |
| Netincomeandnetmovementinfunds |
|
54,406 |
19,070 |
503,525 |
577,001 |
| Reconciliationoffunds: |
|
|
|
|
|
| Fundbalancesbroughtforward |
|
|
|
|
|
| at1July2022 |
|
268,161 |
122,674 |
8,951,365 |
9,342,200 |
| Fundbalancescarriedforward |
|
|
|
|
|
| at30June2023 |
|
322,567 |
141,744 |
9,454,890 |
9,919,201 |
|
|
2024 |
2024 |
2023 |
2023 |
|
Notes |
£ |
£ |
£ |
£ |
| Fixedassets |
|
|
|
|
|
| Listedinvestments |
7 |
|
10,372,606 |
|
9,511,932 |
| Currentassets |
|
|
|
|
|
| Debtors |
8 |
52,071 |
|
8,117 |
|
| Shorttermdeposits |
|
137,470 |
|
130,745 |
|
| Cashatbankandinhand |
|
307,451 |
|
294,666 |
|
|
|
496,992 |
|
433,528 |
|
| Liabilities: |
|
|
|
|
|
| Creditors:amountsfallingdue |
|
|
|
|
|
| withinoneyear |
9 |
(30,791) |
|
(26,259) |
|
| Netcurrentassets |
|
|
466,201 |
|
407,269 |
| Totalassetslesscurrent |
|
|
|
|
|
| liabilities |
|
|
10,838,807 |
|
9,919,201 |
| Thefundsofthecharity |
|
|
|
|
|
| Capitalfunds: |
|
|
|
|
|
| Endowmentfunds |
10 |
|
10,304,601 |
|
9,454,890 |
| Incomefunds: |
|
|
|
|
|
| Restrictedfunds |
11 |
|
165,825 |
|
141,744 |
| Unrestrictedfunds |
|
|
|
|
|
| .Generalfunds |
|
|
368,381 |
|
322,567 |
| Totalcharityfunds |
|
|
10,838,807 |
|
9,919,201 |
| Donations |
|
|
|
|
|
|
|
Un- |
|
|
Un- |
|
|
|
restricted |
Restricted |
|
restricted |
Restricted |
|
|
funds |
funds |
2024 |
funds |
funds |
2023 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Donationsfrom: |
|
|
|
|
|
|
| TheWorshipfulCompanyof |
|
|
|
|
|
|
| Carpenters |
33,000 |
|
33,000 |
28,500 |
|
28,500 |
| TheCarpenters'Company |
|
|
|
|
|
|
| CharitableTrust |
|
51,100 |
51,100 |
- |
57,600 |
57,600 |
|
33,000 |
51,100 |
84,100 |
28,500 |
57,600 |
86,100 |
| Investmentincome |
|
|
|
|
|
|
|
Un- |
|
|
Un- |
|
|
|
restricted |
Restricted |
|
restricted |
Restricted |
|
|
funds |
funds |
2024 |
funds |
funds |
2023 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Incomefromlisted |
|
|
|
|
|
|
| investments |
161,448 |
63,113 |
224,561 |
156,455 |
61,161 |
217,616 |
| Interestreceivable |
8,360 |
- |
8,360 |
3,858 |
- |
3,858 |
|
169,808 |
63,113 |
232,921 |
160,313 |
61,161 |
221,474 |
|
Un- |
|
|
Un- |
|
|
|
restricted |
Restricted |
|
restricted |
Restricted |
|
|
funds |
funds |
2024 |
funds |
funds |
2023 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Grantspayable |
135,483 |
90,132 |
225,615 |
108,313 |
99,691 |
208,004 |
| Supportcosts |
32,473 |
- |
32,473 |
26,094 |
- |
26,094 |
|
167,956 |
90,132 |
258,088 |
134,407 |
99,691 |
234,098 |
| Thegrantspayabletoindividualsduring |
theyearwere |
forthefollowi |
ngpurpose |
s: |
|
2024 |
2024 |
2023 |
2023 |
|
No. |
£ |
No. |
£ |
| Liverymen,Freemen,retireesandtheir |
|
|
|
|
| dependants |
5 |
34,817 |
4 |
30,743 |
| Crafteducation |
27 |
97,838 |
28 |
97,191 |
| Othereducation |
15 |
92,960 |
19 |
80,070 |
|
47 |
225,615 |
51 |
208,004 |
| 2024 |
2023 |
| £ |
£ |
| 3,118 |
2,950 |
| Fixedassetinvestments |
|
|
|
2024 |
2023 |
| Listedinvestments |
£ |
£ |
| Marketvalueat1July2023 |
9,511,930 |
9,008,405 |
| Netunrealisedgains |
860,673 |
503,525 |
|
10,372,603 |
9,511,930 |
| Cashheldbyinvestmentmanagers |
3 |
2 |
| Marketvalueat30June2024 |
10,372,606 |
9,511,932 |
| Costat30June2024 |
4,879,121 |
4,879,121 |
| Debtors |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Accruedincome |
52,071 |
617 |
| AmountduefromCarpenters'CompanyCharitableTrust |
|
7,500 |
|
52,071 |
8,117 |
| Creditors:amountsfallingduewithinoneyear |
|
|
|
2024 |
2023 |
|
£ |
£ |
| AmountduetoTheWorshipfulCompanyofCarpenters |
27,311 |
22,950 |
| Accruals |
3,068 |
2,950 |
| Othercreditors |
412 |
359 |
|
30,791 |
26,259 |
| Endowmentfunds |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Permanentendowmentfunds |
7,372,543 |
6,779,126 |
| Expendableendowmentfunds |
2,932,058 |
2,675,764 |
|
10,304,601 |
9,454,890 |
|
At1July |
Gainsand |
At1July |
Gainsand |
At30June |
|
2022 |
losses |
2023 |
losses |
2024 |
|
£ |
£ |
£ |
£ |
£ |
| Capitalfund |
4,969,342 |
279,532 |
5,248,874 |
446,844 |
5,695,718 |
| Pysdenfund |
1,448,758 |
81,494 |
1,530,252 |
146,573 |
1,676,825 |
|
6,418,100 |
361,026 |
6,779,126 |
593,417 |
7,372,543 |
| Expendableendowmentfu |
nd |
|
|
|
|
|
At |
|
At |
|
At |
|
1July |
Gainsand |
1July |
Gainsand |
30June |
|
2022 |
losses |
2023 |
losses |
2024 |
|
£ |
£ |
£ |
£ |
£ |
| Capitalfund |
1,591,094 |
89,501 |
1,680,595 |
160,973 |
1,841,568 |
| TheLondonYouthTrustfund |
942,171 |
52,998 |
995,169 |
95,321 |
1,090,490 |
|
2,533,265 |
142,499 |
2,675,764 |
256,294 |
2,932,058 |
| Restrictedfunds |
|
|
|
|
|
At1 |
|
|
At30 |
|
July |
|
|
June |
|
2023 |
Income |
Expenditure |
2024 |
|
£ |
£ |
£ |
£ |
| Pysdenincomefund |
68,016 |
38,243 |
(28,500) |
77,759 |
| LiveryAwardsfund |
31,150 |
40,000 |
(35,250) |
35,900 |
| ThePortalTrustfund |
4,372 |
- |
- |
4,372 |
| LondonYouthTrustfund |
10,173 |
24,870 |
(23,882) |
11,161 |
| HartAward |
3,550 |
3,000 |
|
6,550 |
| StuckeyAward |
19,650 |
3,600 |
|
23,250 |
| KetlessAward |
4,833 |
2,000 |
- |
6,833 |
| OsborneAward |
|
2,500 |
(2,500) |
- |
|
141,744 |
114,213 |
(90,132) |
165,825 |
|
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 |
|
General |
Restricted |
Endowment |
Total |
|
funds |
funds |
funds |
2024 |
|
£ |
£ |
£ |
£ |
| Fundbalancesat30June2024 |
|
|
|
|
| arerepresentedby: |
|
|
|
|
| Investments |
68,005 |
- |
10,304,601 |
10,372,606 |
| Currentassets |
331,167 |
165,825 |
- |
496,992 |
| Creditors:amountsfallingduewithinone |
|
|
|
|
| year |
(30,791) |
|
|
(30,791) |
| Totalnetassets |
368,381 |
165,825 |
10,304,601 |
10,838,807 |
|
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 |