|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|





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||||||2024|2023|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|funds|funds|funds|
||Notes|<br>£|£|£|£|£|
|Income:|||||||
|Donations|1|<br>33,000|51,100||84,100|86,100|
|Investmentincome|2|<br>169,808|63,113||232,921|221,474|
|Totalincome||202,808|114,213||317,021|307,574|
|Expenditure:|||||||
|Charitableactivities|3|<br>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|<br>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|`£`|`£`|<br>`£`|`£`|
|Income:||||||
|Donations|1|<br>28,500|57,600||86,100|
|Investmentincome|2|160,313|61,161||221,474|
|Totalincome||188,813|118,761||307,574|
|Expenditure:||||||
|Charitableactivities|3|<br>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|





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|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|





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|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|



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