Charity rK). 253973 THE WORSHIPFUL COMPANY OF GLASS SELLERS OF LONDON CHARITY FUND FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2021 THE WORSHIPFUL COMPANY OF GLASS SELLERS OF LONDON CHARITY FUND YEAR ENDED 31 JANUARY 2021 TRUSTEES AND OFFICERS TRUSTEES: J Whitwnan L Baiklharn M Nathan A N ThatLtsr P Wenham D Wikinson R Re#1 {Chwr 30 Sept 20201 {ch￿rfrOM 1 Oct 20201 (resigned 30 Sept 2020) {ressgn8d 30 Sept 2020) {aFP)inted 11 J•n 2021} CHARITY REFERENCE NUMBER: 253973 PRINCIPAL ADDRESS: S Bray￿kO 6 Tubbenden Orping Kent BR6 9PN INDEPENDE1￿ EXAMINER: K Carey 113JadLa Westert￿M Kent TN163SD BANKERS: Caf Bank Limited "r83 Mil West MalliNJ ME19 4TA HSBC PIC 1(X) Old Broad Street EC2N 1BG 114VESTMENT ADVISERS: Charfes Stsnky& Co. Limited 25 Luke Street EC2A 4AR SECRETARY TO THE TRUSTEES: Ms S Evans 19 LUct￿$ Av•M Buc*hurst Hlll Essex IG9 5SG THE WORSHIPFUL COMPANY OF GLASS SELLERS OF LONDON CHARITY FUND YEAR ENDED 31 JANUARY 2021 TRUSTEES. REPORT The Trustee5 present their rwrt abn9 vthh Ihe fv)an¢fjal statements of th8 for the year endgd 31 January 2021. The finanual stslements have been prepared in accordance with thè accounttiig policies set ¢yJt on page 7 and comply WTth the tharF￿$ twst ¢ked and appkablè I*AT. CONSTITimoN AND OWECTIVES Thg Charity is rewlated In 8eeowd8nco wilh a Trust Deed dated 20 September 1967 Wh￿ti formalised the charitable activrties of the Worshiplul Company of Glass Sellers of London lincorporaled by Royal Charter in 16641 rfhe Comparfl. at that time consisted prinCip￿ty of Ihe Abbott SthIAarship FuThJ. set up in 1875. and a"Chaiity Fun(r set up on 18 Juty 194S. AIMS AND ORGANISATION The Worshipfijl Company of Gl8$s Sdiers Charlty Fund set up for gengral charitab purposes, which it ftlfils by making grants, donatior￿. scholarships and awards to indi￿dUalS and organisations. The main argas of support are.. the wider glass indu5ty, the Cty and its speufic appeals. Edu¢)tion and the less priviw in and arourKI the Cty of LO￿lOn. I members of the LNery are expeet•d to ¢onlrilyJte to the Chanty Fund thrcw9hout thew rnembership according to th￿r means. The Abbott Schdarshlp Fund pays a burnary to a deseThrfNJ stthl fmm thp City of London School entsring Oxford or Cambndg• UnNetsity and Russel Group Unl¥ersrfiès. The management and administrauon of the Chwity Ca￿le￿ by thè Trustees wlh parmwne supporL REVIEW OF THE YW INCLUDING FINAMCIAL REVIEW In pursuing ts obj'ectives over the year to 31 January 2021 Charty Fund spent £13,020 i£e6,488 in 2019120201, of whith £3,063 I£2.(￿0 2019120201 was from a ￿$tr￿ted fund, th8 Abbott Scholarship Fund. Th8 unre$tri¢ted donat￿nS ￿Ere divided between glass (including the 9￿$$ w) Society project and student bursariesl. City thartbe¥. incJud#)g thè Lord Mayorfs appeal and education (mainly bursaries & schoLarships to 8tudents at Cty sr*orAs) and others. Thesè bursarie$ wll be reviewed on an annual basis. The charity finances several avmrds induding The Glass Selers. Art and Craft Award. The Glass Sellers, Art and Craft Student Award. The GI￿ Selers. Beelhoven Piano Prize, The Glass Sellers. Trophy. Thè G￿$$ Selkn. Sdenc¢ and Technokngy Awwd and The Glass Sekrs. Tankard. Followlng an appe￿ by th? Trustees most LN¢1)ry￿ have now ctynpleted Gift fomis and make regu18r donations to th& Ch8rity Fund. THE WORSHIPFUL COMPANY OF GLASS SELLERS OF LONDON CHARITY FUND YEAR ENDED 31 JANUARY 2021 TRUSTEES. REPORT REVIEW OF THE YW INCLUDING FIIiANCIAL REVIEW {contlnu•d) Athitse8 during the ended 31 JanLMry2021 w•r• stv*dy rostr1￿ by the COVID pandem Trustees ￿ntInued to meet wrtualtyto ensure the day to d8y rurming of the Chariws actWIt￿ was oble to rA)ntinue. However, the Glass in s￿"ety initi"aknve whth makes granls to schLh)15 in supwt of Glass and STEM related prw¢cts was mgsty su8pended as schools were cb)s&J for many months. This reduced the Ch¥riW¥ expendrture ty approximatety £20.LI￿. lft addb"m. many of Ihg plannen of fryed as8et invesbments at market Value. In FwrirwJ thè fmanc1￿ statements the charity folknws best pr8¢tice as lakl down in th¢ StateTh￿rt of recommended wxlice "Aco)unting and Repo￿n9 by chartbes" ISORP 20151. INCOME cash r¢¢eived basis. DONAnONS DonAtw$ a550Ckated irthme tsx repay1￿ are crndrt•d to the 8tatement of ￿nar￿la1 actiVrt￿S In thÈ year in they ar• r￿l￿ed. INVESTMENT INCOME InveStM￿t irKome is aCew￿ tho pernd in the dwrity 1$ entilled lo receipL INVESTMENTS In *cordance ¥4ilh Statem*rt of Recommentsj Pracke"A￿Yntsng by ch￿ItIes.. the tharty TRUSTEES. REMUNERATION The charity has no employees and nom of th8 Trustees recel¥ed 8ny rèmuner¥t*)n. Eypenses reimbur¥gd are disckjsed in Nots 5. INVESTMENTS 20 2020 Restricted Fund Fund The Abbot The Abbot Unre*icW Srknlarship UnrestrKted SCJ￿1atshlp Fund5 Fund Funds Fund Markèt vakje at 1 Febnjary 2020 532.718.15 53.203.¢xI 496.734.11 48.285.84 Purth&8es Markèt (1088llgain fortr* y••r 60,{￿￿. 134.133.31) 19.083.1%1 35.984.04 4,917.16 Mark8t Value At 31 January 21r21 558,584.84 44,119.94 532,718.15 53,203.IXI THE WORSHIPFUL COMPANY OF GLASS SELLERS OF LONDON CHARITY FUND YEAR eNDE0 31 JANUARY 2021 NOTES TO THE FINANCIIL STATEMEKrs FUNDS R•stricod funds R•stricted ftjnds hold ￿nts rec￿9￿ for yific acb¥ll￿$ aThJ ex[￿thIre on those ath"vitses is 8et against t￿)se amounts. Abbot Seholornhip The Abbot Scholarship Fund pays a t￿rSary to a des￿¥11¥j siudent from thg Cty of London School entering Oxford or Cambridge UnNersity or Rus581 UnNersth Group. The fund is no longer able to covar a fijll 8dK4arslip pay4 a I￿r￿ to Wp him cover Ir¥ing expenses during his b"m& al uruvww. Unr•strl¢ted funds TRANSACTIONS wmi TRUSTEES During the yw, trustees were re1mL￿r￿1 £nll (2020: £nil) whi18t urKlertaking actNiti98 of the charity.