The Worshipful Company
of Butchers General
Charities
Annual Report and Unaudited
Accounts
5 April 2022
Chsfity Regkstraticin Number
257928 (Engtand and W81861

Contents
Reports
Legal and administrative information
Trustees. report
Independent examinels report
10
Accounts
Unaudited stslement of financial activities 11
Unaudrted balance sheel
13
Principal a¢¢ounling policies
14
Unaudited notes to the accounts
17
The Worshipful Company of Butchers Gener81 Charit¢es

Legal and administrative infomiation
Trustees
Master, Wardens and Court of the Art or Mislery of Butchers of the City of
London
Members ofthe Court
Peter Alten
John Allton Jones- Chair Charities Committee from 0910912021
David Baker
Graham Baker-chair Charities Committee from 1010912020-0810912021
Margaret Boanas-masler from 0910912021
Bob Bansback-{Resigned 091912021)
William Buchanan-from 0910912021
Andrew Burton- from 0910912021
Amanda Buitelaar- from 0910912021
Steve Chick
Jim Connell
Paul Dolan
Tim Dumenil
Rachel Griffiths
Gwyn Howells
And￿W Parker-master from 1010912020-09l09￿O2l
Julien Putsglove
Dave Richards
Jean Sawdon
Anthony Stanton
Timothy Stone
Alan Thompson-(Resigned 0910912021)
Robert Y8ndell-IResigned 09109120211
Christopher Wood
Registeredlprincipal
olfice
Worshipful Company of Butchers
Butchers, Hall
87 8artholomew Close
London
EC1A 7EB
Telephone
Fax number
020 39318350
020 7606 4108
clerk
bulch&rshall.com
E-mall
Charity rngistration number
257928 (England and Wales)
The Worshipful Company of Butchers General Charities

Legal and admlnl8tratlve Informatlon
Independent Examiner
Kreston Reeves LLP
Chartered Accountant$
2nd Floor
168 Shoreditch High Street
London
E16RA
Bankers
CAF Bank Limited
25 Trfjngs Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Investment advisers
Investe¢
30 Gresham Street
London
EC2V 7QP
The Worshipfvl Company of Butchers General Charities

Trustees, report 5 April 2022
The trustees have pleasure in presenting their annual report and the accounts which
represent the activities of the charity for the year ended 5 April 2022. These have been
prepared in accordance with the accounting policies sel out on pages 14 to 16 of the
attached accounts and comply with the charity's trust deed, the Charities Act 2011 and
Accounting and Reporting by Charities." Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 1021.
Structure, govemance, and management
Legal Status
Under a Scheme ofthe Charity Commissioners dated 21 April 1999, the charities previousty
known separately as The Worshipful Company of Butchers General Charities and The
Worshipful Company of Butchers, United Charities were reorganised 8s The Worshipful
Company of Butchers General Charities. The following is a history of the fomier charities
that were combined..
Tha Worshipful Company of Butchers General Charities
The Worshipful Company of Butchers General Charities fund was established on 2 Janlsary
1969 by The Master, Wardens and Commonalty of the Art or Mislery of ButGhers ofthe City
of London lo support charitable purposes anywhere in the world.
The General Funds were derNed from donations from liverymen and included appea15
launched by Past Master Norman Poultney in 1987 and in celebration of the additions lo
Butchers Hall launched in 1996 and subsequent initiatives.
The WorJhipful Company of Butchers United Charities
The Worshipful Company of Butchers United Charities was established by a Scheme of the
Charity Commissioners on 17 January 1968 as amended by an Order of the Commissioners
dated 1 September 1987, which amalgamated various small trusts which were managed by
The Worshipful Company of Butchers.
The Funds were derived from.
• The Charity of Alfred Lyon comprised in a trust deed dated 11 Octoter 1892.
• The Charity of Benjamin Bloomfield Baker, founded In February 1896.
• The Charity of Rulh Bayley, founded by will proved at London on 17 August 1840.
• The Charity ofwilliam James Bonser, founded on 23 August 1888.
• The Charity called The Charles Valents'ne Game Fund, founded on 6 April 1899.
The Worshipful Company of Butchers General Charities

Trnsteos, report 5 April 2022
Structiirej governance, and managoment Icontinuedl
Legal Status {continuedJ
The Worshipful Company ofButch8rs United Charilies (continued)
• The Charity known as The Poor Fund. consisting of (1) The Charity of James Leverett
and121 The Playing Acts Money.
• The Charity called The Leo Zwanenberg Gift, comprised in Ihe declarations of trust
dated 27 February 1934 and 5 April 1935 and an Order of the High Court of Justice
(Chancery Division) of 25 March 1963.
The charity's ￿gIStered number was 238587.
The charity under the Scheme was required to make various small annual payments due
under the originating trusts of the constituent parts which were amalgamated. Beyond this
the charity was established to relieve need, hardship, or distress either generally or to
individual persons with preference lo such persons involved in. or associated with, the meat
or a$S￿lated trades.
Govemance
The trustees of the charity are the Master, Wardens, and Assistants of the Court of the
Worshipful Company of Butchers I'WCB'I. The Charity and Education Committee,
comprised of a Warden as the Chairman and selected Court members. as well as co-opted
liverymen, run the routines ensuring that there is a strategy and a plan and that it is executed
correctly. seeking approval from Court for key decisions. The day-to-day administration of
the charity is undertaken by the Worshipful Company of Butchers.
Committee members are recruited from among the Livery of the Worshipful Company of
Butchers. Membership rotates every September although 2 few Liverymen remain on the
committees for or more years to provide continuity. The Chaimian normally remains in
post for two years. Al the first meeting of each committee, the Clerk briefs all the new
members on their responsibilities and gives each new member a copy of the governing
scheme and the latest report and accounts.
The charity's investments are managed through the Charity Committee of The Worshipful
Company of Butchers which meets four times a year. The Charity Committee has appointed
Inveslec as their investment manager, working to an advisory mandate.
The Worshipful Company of Butchers General Charities

Truslegs, report S April 2022
stw¢ture, governance, and management Iconlinued)
sk Management
The Iruslees are satisfied that the current levels of intemal financial controls mitigate the risk
of error and fraud. Considera*"on of investment risks was induded in the tender prO￿sS for
an investment manager. The wider concepts of strategic and business risk were considered
during the financial year and have been reported.
The trustees aim to continue monitoring risk a5 an ongoing process that is part of the norn￿1
daity management of the charity. It is felt that this method is proportionate to the levels of
income and expenditure typical of this Charity.
Objectives and activities
The objects of the charity are..
(1) The relief of persorss who a￿ in conditions of need, hardship, or distress. with a
prefe￿n￿ for..
{a} Freemen of the Butchers, Company, their widows, or dependants, and
(bl persons who are, have been, or intend lo be engaged in the meat or associated
trades, and theirdependants.
The trustees may relieve such persons by..
lil making grarsls of money to them., or
(li) prov¢ding or paying for goods, setvices, or facilities for them. or
lili} making grants of money to other persons of bodies who provide goods, services,
or faoilities lo those in need.
(2) The furtherance of such ¢haritable purposes in any part of the world as are determined
from time to kn'me by the trustees.
The first obje¢b've is achieved through direct grants to individuals.
The second objective is achieved by concentrating on or three selected charit￿$ to
which in4epth support is given. Additionally specific major appeals such as the Poppy
Factory and the Lord Mayor of London's charity would be supported annually. The charity
retsins a small contingency sum to be available for other causes as the Committee choose
to support.
In the 202112022 financial year our major charity 5UPPOrt went to Meningitis Now and Teach
First. These charities a￿ designated to be beneficiaries of major awards.
There are several essential and desirable criteria for major awards which are..
Essential Criteria- Major Awards
• A limited number of charities to be $upported with meaningfvl sums which should be in
the region of £20,000 per annum plus any additional sums during the period of award
as may be available $ublect to the overall funds available and other commitments.
• Annual donations are linked to investsment income generated. Support should be
provided for a period of al least 3 years.
The Worshipful Company of Butchers General Charities

Trustees, report 5 April 2022
+ WCB should have a demonstrable relationship with the charity e.g., WCB providing
practical engagement as well as finanoial support, bul it is recognised that the work of
some charities may preclude this.
+ The charity should provide accreditation of WCB that enhances the profile of WCB.
Desirable Crrteria for Major Awards
• Preferred charities to have nationwide rather than London centric activities.
+ Dependent on successful relationships consideration should be given to extending the
initial period of 3 years.
• The administrative expenses of the charity should be reviewed and cons￿ered
reasonable in the context of the scope and size of the charity.
• Potential reciprocity, if appropriate. should be sought through hire of Butchers, Hall
andlor involvement and acknowledgement of WCB through PR and olher events.
We continue to support several other charities, the majorty of which a￿ annually recurring
su¢h The Lord Mayor of London Appeal, The Poppy Factory, The United Guilds Service,
St Bartholomew the Great Church, The St Paul's Cathedral Foundation and The Treloar
Trust. There are several essential criteria laid down for these minor awards vthich are..
Essential Criteria- Minoi Awards
Minor Awards will be made to a limited number of good causes with which the WCB is
linked and rep￿Sented.
• Minor Awards will be reviewed annually but can be expected to be repetitive due to the
nature of the.good cause.. In that respect the Charty Committee will recelve guidance
from the Clerk.
• Minor Awards are as much a commitment as Majof Awards and must be considered
simultaneously against the funds available foi distribution.
• Minor charities, such as hospices, do not necessarily require having a national footprinL
The Worshipful Company of Butchers General Charities

Trustees. report 5 April 2022
Grant making policy and grants made
The charity made donations to 7 {2021". 111 different charities during the year totalling
£67,42012021'. £59,526). Two grants committed in previous years were not tsken up by
the reclpients and are now being credited back.
CharItsb￿ actimlies
A¢¢nJed (Yants no Iwoer commltlèj
HMS Tyne
KirvJs Schcol Bnrton
Menlngitls Now
No GoirKJ Back
Parti￿ent Hill School
2022
£600
2021
-£306
-£4,600
-£20,000
£0
-£1,000
-£4,500
£0
-£23,000
-£1,000
£0
-£6.500
Poppy F&ctL¥y
F 1.1
St BartMom8ws Church
-£5,500
-£4,000
-£23,000
-£4.000
£0
£0
-£1,020
-£67,420
-£3,500
-£2,000
-£20,000
£0
-£2,000
-£600
-£1,020
-£59,526
St.Paufs Calhadral Ftyjndat
Teach First
Treloar SchD
TreOIarTn￿t
United Gullds
I￿lI11dU¥I Grant
One individual within the objects of the charity received financial assistance during the year.
Public Benefrt
The charity makes grants to a variety of individuals and organisations in pursuit of its
charitsble objectives. The trustees have tsken due consideration of the Charity Commission
guidance on Public Benefit in reviewing the charity's activities.
Achievements and perfonnancts
Apart from the financial amounts donated to Meningitis Now and lo Teach First, there has
been a Significant amount of engagement from Liverymen in the fomi of school visits to
workplaces as well as preparation of career videos. coaching teachers, and connecting
Teach First with Harper Adams.
Flnanclal revlew
Total income for the year was £87,899 (2021.. £78,962} and total expenditure was £77,851
{2021'. £69.022). After gains on investments of £137,131 {2021'. Gain £344.5091, net
expenditure for the year was £147,17912021. net expenditu￿ £ 354,4491.
The restricted fund balance of £2.074 {2021.' £3551 rep￿Sents inwme arising on the King's
School Bruton permanent end¢)wment fund that had not been spent at the year end.
The Worshipful Company of But¢hers General Char￿.eS

Trustees, report 5 April 2022
Flnanclal revlew (continued)
The Butchers, Company has promoted the benefits of voluntary donation5 to the capital
funds of the charity from amongst ils Livery Membership. The trustees decided to increase
the capitsl base of the charity to improve the size of grant-making in the ftrture.
The charrty remains in a strong financial position with all assets easily realisable at short
notice.
Reserves and Investment Policy
Considering the limited scope for fundraising, coupled with the increasing demands of other
bodies seeking assistan￿, the trustees consider that the reserves are not excessive. The
assets in the general. restricted, and pemianent endowment funds are adequate lo fulfil the
obligations of the charity, and the former are realisable at short nots"ce.
The investment manager Is employed on an advisory basis. working within the terms
C4)ntained within the standard terms of investment approved by the trustees ¢Yuring the year.
All investments are quoted on the London Stock Exchange. All investments have been
acquired in accordance with the statutory powers available to the trustees.
The main investment objective and the risk tolerance of the investment Folicy approved by
the Courtare..
To achieve a total ￿al return over a five year period to preserve the pemanent endowment
in real terms whilst sustaining a spending rate of 3% of the total asset value per annum.
To maintain an overall total risk level that redU￿S to an acceptable level the likelihood of
the portfolios total retum being exhausted under any likely five-year market fall whilst
allowing the charity to support ils $pending commitments over this period
At 5 April 2022 there were total reserves of £2,220,677 12021.. £2,073,498), including
£476,814 {2021.' £450,208) of pemianenl endowment fvnds and £2,074 12021. £3551 of
restricted funds. leaving free reseNes of £1,741.78912021'. £1,622,935).
Statement of trustees, regponsibilitles
The trustees are responsible for preparing the annLtral report and accounts in accordance
with applicable law and United Kingdom Accounting Standards {United Kingdom Generally
Accepted Practice).
Charity law ￿qUireS Ihe trustees to P￿pare accounts for each financial year which gNe a
true and fair view of the charity's income and expenditure during the year and of its situation
at the end of the year.
In preparing those a¢¢ounts, the trLbStees are required to..
• select suitable a¢¢ounting policies and then apply them consislentty.
+ observe the methods and principles in Accounting and Reporting by Charities..
statement of Recommended Practice appli¢able to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021.
The Worshipful Company of Bul¢hers General Charities

Trustees, report 5 April 2022
• make judgements and estimates that a￿ reasonable and prudent.
Statement of trustees, responsibilities (continued)
• stste whether applicable United Kingdom Accounting Standards have been followed,
sijbject to any material departures dis¢losed and explained in the accounts.. and
• prepare the accounts on the going concern basis unless it is inappropriate to presume
that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that are sufficient to
show and explain the charity's transactions and disclose with reasonable accuracy at any
time the financial position of the charity and enable them to ensure that the a¢coLFnts comply
with the Charities Act 2011, applicable Charity (Accounts and Reports) Regulations and the
provisions of the chartty's eonststulion. They a￿ also responsible for safeguarding the
Charity's assets and hence for taking reasonable steps for the prevention and detection of
fraud and b￿acheS of law and regulations.
Approv
by the trustees
d signed on their behalf by..
aimian of t
ies Committee
Approved on..
202
The Worshipful Company of Butchers General Charities

**Independent examiner’s report 5** April 2022 

## **Independent examiner’s report to the trustees of The Worshipful Company of Butchers** 

## **General Charities** 

I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2022. 

## **Responsibilities and basis of report** 

As the trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner’s statement** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: 

-  accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

-  The accounts do not accord with those records; or 

-  the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached. 


Stephen Tanner (BSc) (Econ) FCA Kreston Reeves LLP Chartered Accountants 2[nd] Floor 168 Shoreditch High Street London E1 6RA 

05 July 2022 

The Worshipful Company of Butchers General Charities **10** 



Unaudited statement of financial activities 5 April 2022
Unrtr$trictod
fvnds
Restricied
funds
Pernianent
endowment
funds
Total
2022
Notes
In¢omè from:
t)onations and lega¢￿d$
Inveslrnents
Total income
39,701
48,479
88,180
39.701
48.198
87,899
1,719
1,719
Exponditure on:
Raising funds
Charitable actwities
7,531
70.320
77,851
7,531
70,320
77,851
Total expendltur¢
Net Income for the year before
investsnent gains and loss
8.329
1.719
10,048
Gains on inve8bnents
110.525
26,606
137.131
Net income and net movement
In funds
118,854
1.719
26.606
147,179
Fund balances brought
forward at 061rA12021
1,822,935
355
450,208
2.073.498
Fund balances carried
forward at 0510412022
1,741.789
2.074
476,814
2.220,677
The Worshipful Company of Butchers General Charities 11

Unaudited statement of financial •¢llvlties S April 2021
Unreslri¢ted
funds
Restricted
funds
Permanent
endowment
funds
Total
2021
Notes
Income from:
Donations and legacies
Investments
Total Income
17,291
60,120
77.411
17,291
61,671
78,962
1.551
1,551
Exp¢ndlture on:
R8i$ing funds
Charitable activitses
Total oxpfrndlturo
6.475
57,947
64,422
6,475
62.547
69,022
4,600
4.600
Net Income lexpendlture) for
the year before investsnent
galns and losses
12.989
{3.049)
Gains on investments
272.314
72.195
344.509
Net income lexpenditur¢l and
net movemont in fund$
285.303
(3,0491
72.195
354,449
Fund balances brought
foNard at 0610412020
1,337,632
378,013
1,719.049
Fund balances carried
fornard at 0510412021
1,622,935
355
450,208
2,073.496
None of the charity's activitses were acquired or pemianently discontinued durtng the above two
financial periods.
The Worshipful Company of Butchers General Charities 12

Unaudlted balance sheet 5 April 2022
Notes
2022
2021
Flxed assets
Investments
2,167,637
2,035,952
Current assets
Tax recov¢rable
Piepaymenls and 3￿rued iFEcome
Cash 81 bank and in hand
2.672
8,847
44.056
55.575
3,739
11,764
27,685
43,188
Creditorn.. amounts falling dut
wlthin one ye
-2,535
-5.642
53.040
37,546
Ntrt ¢urr¢nt assets
Net as$•ts
2.220,677
2,073,498
The funds of the charlty
Permanent endowment funds
Re8tricted funds
Unrestricted general fvnds
476,814
2,074
1,741,789
2,220,677
450.208
355
1,622,935
2.073.498
The accounts on pa
ned on th
11 to
behalf by..
O were approved and authorised for issue by the trustees
Trustee
Approved on. l J
022
The Worshipfvl Company of Butchers General Charities 13

Prln¢ip21 ac¢ounllng poll¢les 5 April 2022
The principal accounting policies adopted, judgements and key sources of estimation
uncertainty in the preparation of the accounts are laid out below.
Basls of preparation
These accounts have been prepared for the year to 5 April 2022 with comparative
Information presented for the year ended 5 April 2021.
The accounts have been prepared under the historical cost Convention with items
recognised at cost or transaction value unless otherwise staled in the relevant actounting
policies below or the note5 to these accounts.
The accounts have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordan¢e with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 (Charities SORP FRS 102), the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102) and the Charities Act 2011.
The charity constrtutes a public benefit entity as defined by FRS 102.
The accounts a￿ presented in sterting and are rounded to the nearest pound.
Crltlcal accounting estimates and arèas of Judgement
In preparing the accounts the Iruslees and management were not required to make
Slgnificant judgements and estimates.
With regard to the next accounting period, the year ending 5 April 2023 the most slgnlficant
areas that affect the carrying value of the assets held by the charity are the level of
inveslmenl return and the performance of the investment markets.
Assessment of going concern
The trustees have assessed whether the use of the going concern assumption is appropriate
in preparing these accounts. The trustees have made this assessment in respect to a period
of one year from the date of approval of these accounts.
The trustees of the charity have concluded that there are no material uncertainties related
to events or conditions that may cast Significant doubt on the ability of the charity to Continue
as a going concem. The trustees are of the opinion that the charity will have sufficient
resources to meet its liabilities as they fall due.
The Worshipful Company of Butchers General Charities 14

Prlnclpal accountlng pollcles 5 April 2022
Donations and Legacies
Donatsons are recognised when receivable and the amount can be measured reliably by the
¢harity-
Legac￿ are included in the statement of financial activities when there has been a grant of
probate, the executors have estsblished that there are sufficient surplus assets in the estate
to pay the legacy, and any conditions attached to the legacy are within the control of the
charity.
Interest and divldend In¢orne
Interest on funds held on deposit is induded when receivable and the amount can be
measured reliably by the ¢harity. This is normally upon notification of the inlerest paid or
payable by the bank.
Dividends are recognised once the dividend has been declared and notificats'on has been
received of the dividend due.
Expenditure
Expenditure is recognised once there is a legal or conslruclive obligation lo make a payment
to a third paty. il is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably.
Al expenditure is comprised of direct costs incurred on raising fvnds or activities in
furtherance of the charitable objectives and is accounted for on an accrual's basis.
Grants payable are included in the ststement of financial activities when approved and when
the intended recipient has either received the funds or been infom)ed of the decision to
make the grant and has satisfied 811 performance conditions. Grants approved but not paid
at the end of the ffnancial year a￿ accrued. Grants where the beneficiary has not been
informed or must fulfil performance conditions before the grant is released are not a¢orued
for bL¢t are disclosed as financial commitments in the notes to the accounts.
Investments
Investments are a form of basic financial inslrument and are initially recognised at their
tran5aGtion value and subsequently measured at their fair value as at the balance sheet
date using the closing quoted market price. Realised and unrealised galns lor losses) are
credited {or debited) to the statement of ffinancial activities in the year in which they arise.
Debtors
Debtors are recognised at their settlement amount, less any provision for non-recoverability.
Prepayments are valued al the amount prepaid,
Cash at bank •nd in hand
Cash at bank and in hand represents such accounts and instruments that are available on
demand or have a maturity of less than three trnnlhs from the date of acquisition.
The Worshipful Company of Bul¢hers General Charities 15

Piincipal a¢¢ounting poli¢le$ 5 April 2022
Creditors and provisions
Creditors and provisions are recognised when there is an obligation al the balance sheet
date because of a past event, rt is probable that a transfer of economic benefit will be
required in settlement, and the amount of the settlement can be estimated reliabty. Creditors
and provisions are recognised at the amount the charity anticipates it will pay to settle the
debt.
Funds
Endowment funds comprise monies which must be held as capital. Pemianent endowment
funds must be permanently retained by the trustees and cannot normally be spent as if they
were income. Income arising from endowment funds is credited lo general funds and
applied for general purposes unless re$tri¢led for a specific purpose when il is credited to
restricted funds.
ReslTiCted fvnds comprise mnies raised for, or which have their use restrscted to, a specific
.purpose, or contributions subject lo donor-imposed conditions.
General funds represent those monies which a￿ freely available for application towards
achievin9 any chanlable purpose that falls within the charity's charitable objects.
The Worshipful Company of Butchers General Charities 16

Unaudited note5 to the a¢¢ounts 5 April 2022
1 Donations and lega¢ie6
Pormanent
Restricted endowment
funds
funds
Unrestricted
funds
2022
General donations
Legacy
2022 Totsl
19.701
20,000
39.701
19,701
20.000
39,701
Pemanent
Restricted endowment
funds
funds
Unrestricted
funds
2021
Generaldon8tion$
2021 Total
17,291
17,291
17,291
17.291
2 Investment incorne
Pem8nent
Restricted endowmenl
funds
fvnds
unreStr￿ted
funds
2022
Interest iyi cash with bank and sl(xa(broker
Equities and fixed interest securities
2022 T¢tal
48.479
46.479
1,719
1,719
48,198
48,198
Pemiarent
Restricted endowment
funds
funds
Unre51ricled
funds
2021
Int&￿st ort cash trvith bank and stockbroker
Equities and fixed seGuiilies
2021 Total
60,115
60,115
1,551
1.551
61,666
61,666
3 Expenditure on raislng funds
Expenditure on raising funds compri5e5 investrnent management fees which are charged
to unrestricted funds.
The Worshipfijl Company of Butchers General Charities 17

Unaudit¢d notes to the accounts 5 April 2022
4 Charitable aclivities
2022
2021
Grants to charities
Major grants lover £1.000>
Other grants
66.400
57.6
66,400
5B,508
Grants to individuals {0
beneficiary)
Support costs
1,02
2,900
70,320
1,020
3,021
62,$47
Details of grants to charities a￿ sel oul in the trustees. report.
All charitable expenditure is unrestricted.
The charity is administered on a pro bono basis by The Worshipful Company of Butcher5.
The trustees receive no remuneration or expenses from the charity. Support costs include
the independent examiner's fee of £2,52012021. £2,520).
5 Investments
2022
2021
At market value=
As at 6 April 2021
Additions
Dispos81 pmceeds
Gainlloss on disposal and revaluatron
INCREASEIDECREASE Capital Accounts Funds
As at 5 April 2022
2.035.952
1,642,814
325,405
1,018,915
1306,5721 (905,8421
112,770
344,509
82
164,4441
2,167,637 2.035,952
Market
value
2022
Market
value
2021
Portfollo structure
Ftxed Interest
UK Equities
Intemational Equities
Property
tematives
Cash
As at 5 April 2022
163,726
506,667
1,080,999
77,868
326.273
12.304
2,1 S7.637
181,597
633.833
944,725
43,254
220,454
12,089
2,035,952
The Worshipful Company of Butchers General Charities 18

Unaudited notes to the accounts 5 April 2022
6 Permanent endowment funds
+ The King's School Bruton Fund was created by a donation of £50,000 (including Gift
Aid) received in 2001-2002. All Income arising is restricted to the general-purpose uses
of the King's School, Bruton, Somerset.
+ The Livery Donabon Capitsl Fund comprises of donations made by livery members of
the Worshipful Company of Butchers. The Trust for Investment is the value in the
accounts in 2012.
• The Charity Commissioners, Fund was formed under the Scheme dated 21 April 1999.
All income arising is available to support the first object of the charity {see page 51
relating to the relief of individuals. The Trust for Investment is the value in the a¢¢ounls
in 2012.
• The Master's Events Fund comprises donations and monies raised at events insligaled
by the Master of the Worshipful Company of Butchers. The Trust for Investment is the
value in the accounts in 2015.
• No dNidend income is allocated to the unrestricted endowment funds as Income arising
from the fund is available for the general purposes of the charity-
talfitya S¢l*m¢¢f1999 Fund
118,688
128.475 51,898 348,881
32,607 1,07D' 28,W6
161,082 ¥768 ￿,205
Twsl Fcrf
U￿￿ed Total Reium
EthhTn¢rt al￿011)Y21
Mo¥eMeNtslnYear
InvestmentRetum-Cividend
Investment RetUFn.Realisedand unipali5edgainsandlosses
LessExpendituie
ETrdry*￿nta58tAgétS￿prfl 2022
14736
e4,736
171,V
IIJM
10,513 3.444 26,rf
e6,181
182,823
171,595 &212 4Th814
7 Rgstrictod Funds
The restricted fund assets are represented by unspent investment in¢ome arising from the
King's School Bruton pemianent endowment fund.
The Worshipful Company of Butchers General Chanties 19

Unaudited notes to the accounts 5 April 2022
8 Statement of Funds
'a scrth 8LttsnFmJ
y Fmd
18
iQ82
171.
11 2t1
161.C
10.513
527
21
476.81
1.741 78
207
Unre$￿tte0 Funss
Resmaeo Funo ￿41&￿ Suffju6
1.622
110.5#
46.479
.701
In.$51)
479
41
PernentEndDwreAt
SthdBnknnFur
143.018
124,Z%
43973
37&013
1.337.632
W9
161.C*
5276
q).2)8
1.62
a*ers E%*rts Fiffj¢
721
272 $14
13049)
DWStn(gifj S¥nos
tstnued Ftsnd Bnjton 5L¥WS
,1
17￿1
1644221
T4X¥
17.291
422
9 Post Balan¢0 Sheet Event
The market value of the General Charity investments at the balance sheet dale was
£2,155,333 as at 241612022 il is £1,964,S10. This is a 90A decrease. The current market is
extremely volatile, and values are expected lo recover over the next year.
The Worshipful Company of Butchers General Charities 20