2024-04-05-accounts

The Worshipful Company of Butchers General Charities Annual Report and Unaudited Accounts 5 April 2024 Charity Registration Number 257928 (England and Wales)

Contents Page Legal and administrative inforniation Trustees, Report Independent Exarniner's Report Statement of Financial Activlties 10 Balance Sheet 11 Noles to the Accounts 12-17 The Worshipful Company of Butchers General chan￿e5

Legal and Administrative Information Trustees Master, Wardens and Court of the Art or Mistery of Butchers of the City of London Members ofthe Court Jason Aldiss (Appointed 14 September 20231 Peter Allen john Allton Jones Mike Attwood (Appointed 14 September 20231 David Baker Margaret 8oanas William Buchanan Amanda Buitelaar Andrew Burton (Resigned 14 September 20231 Steve Chick Jim Connell Paul Dolan Tim Dumenil Rachel Griffiths IRe5igned 14 September 20231 Gwyn Howells Andrew Parker Imaster to 14 September 20231 julien Pursglove IRe5igned 14 September 20231 Dave Richards IResigned 14 September 20231 Stuart Roberts (Appointed 14 September 20231 Anthony Stanton Timothy Stone Bill ThLJrston Christopher Wood (Master from 14 Septembèr 20231 Peter Wood IAppointed 14 September 20231 Peter Wright Regi5teredl Principal office Worshipful Company of Butchers Butcher5, Hall 87 Bartholomew Close London ECIA 7E Telephone Fax number E-mail 020 39318350 020 7606 4108 cleik butchershall.com Charity registration number 257928 IEngland and Wales) The Worshipful Company of Butcher5 GenEral Charities

Independent Examiner SKS Ramon Lee Chartered Accountants 93 Tabernacle Street London EC2A 4BA Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME194JQ Investment advisers Investec 30 Gresham Street London EC2V 7QP Rathbones Investment Management 30 Gresham Street London EC2V 7QP The Wor5hiplul Company of Butther5 Generol Charitie5

Trustees, Report 5 April 2024 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 2024. These have been prepared in accordance with the accounting policies set out on page5 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 charitses preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Strurture. Govemance. and Management Legal Ststus Under a Scheme of the Charity Commissioners dated 21 April 1999, the charities previously known separdtely as The Worshipful Company of Butchers General Charities and The Worshipful Company of Butchers, United Charities were reorganised as The Worshipful Company of Butchers General Charities. The following is a history of the former ¢harities that were combined= The Wotshipful Cornpany of Butchers Generdl Charilies The Worshipful Company of Butchers General Chartties fund wa5 established on 2 January 1969 by The Master, Wardens and Commonalty of the Art or Mistery of Butchers of the City of London to support charitable purposes anywhere in the world. The General Fundswere derived from donations from liverymen and included appeals launched by Past Master Norman Poultney in 1987 and in celebration of the additions to Butchers Hall launched in 1996 and subsequent initiatives. The Worshipful Company of Butthers United Charities The Worshipful Company of Butchers United Charlties was established by a Scheme of the Charity Commissioners on 17 January 1968 as amended by an Order of the Commissioner5 dated I September 1987, which amalgarnated various small trusts which were mar¢a8ed by The Worshipful Company of Butchers. The Funds were derived from. The Charity of Alfred Lyon comprised in a trust deed dated 11 October 1892. The Charity of Benjamin Bloomfield Baker. founded in February 1896. The Charity of Ruth Bayley, founded by will proved at London on 17 August 1840. The Charity of William James Bonser. founded on 23 August 1888. The Charty called The Charles Valentine Game Fund. founded on 6 April 1899. The Charity known as The Poor Fund. consisting of {11 The Charity ofjames Leverett and 121 The Playing Arts Money. The Charity called The Leo Zwanenberg Gift. comprised in the declarattons of trust dated 27 February 1934 and 5 April 1935 and an Order of the High Court of Justice (Chancery Divi5ionl of 25 March 1963. The charl￿$ registered number was 238587. The Worshlpfvl Company of Butchers Genernl char￿e$

The charity underthe Stheme 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, hardshlp. or dlstress either generally or to Individual persons wlth preference to such persons involved in, or associated with, the meat or associated trades. Governance The trustees of the charity are the Master, Wardens. and Assistants of the Court of the Worshipful Company of Butchers IWCB'I. The Charity and Education Committee, comprised of a Warden as the Chairman and selected Court members, aswell as co-opted liverymen, run the routines ensuring that there is a strategy and a plan and that it 15 executed correctly, seeking approval from Court for key decisions. The day-to-day administration of the charity is undertaken bythe Worshipful Company of Butchers. Committee members are recruited from among the Livery of the Worshipful Company of Butchers. Membership rotates every September although a few Liverymen remain on the committees for two or more years to provide continuity. The Chairman normally remains in post for two years. At the first meeting of each committee. the Clerk briefs all the new members on thelr responsibilities and gives each new member a copy of the governlng scheme and the latest report and accounts. The charivs investments are managed through the Charity Committee of The Worshlpful Company of Butchers which meets on average four time5 a year. The Charity Committee has used Investec and Rathbones as their investment manager, workirbg to an advisory maftdate. Risk Management The trustees are sakn'sfied that the current leve15 of internal financial controls mitigate the risk of error and fraud. Consideration of investment risks was included In the tender process 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 monrtoring risk as an ongoing process that is part of the normal daily management of the charity. It is felt that this method is proportoonate to the levels of income and expenditure typical of this charity. Objectives and Artlvltles The objects of the charity are: {11 The relief of persons who are in condltion5 of need. hardship, or distress, wtth a preference for: lal Freemen of the But¢hers' Company, their widow5, or dependants, and {bl persons who are, have been, or intend to be engaged in the meat or associated trades. and their dependants. The trustees may relieve such persons by: making grants of money to them. or lill providing or paying for goods. services, orfacilities for them; or liiil making grants of money to other persons of bodies who provide goods, services, or facilities to those in need. The Worshipful Company of Butchers General Charlties

121 The furtherance of such charitable purposes in any part of the world as are determined from time to time by the trustees. The first objective15 achieved through direct grants to individuals. The second objective is achieved by concentrating on two or three selected charities to which in-depth support is given. Additionally specific major appeals such as the Poppy Factory and the Lord Mayor of London'5 charity would be supported annually. The charity retains a small contingency sum to be available for other causes as the Committee ch005e to support. In the 202312024 financial year our major charity support went to Farm5 for City Children and Teach First. These two charitTes are designated to be beneficiaries of major award5. There are several essential and desirable criteria for major awards which are.. Essential Criteria- Ma or Awards A limited number of charities to be supported wlth meaningful sums which could be in the region of £20,000 per annum plus any additional sums durir)g the period of award as may be available subject to the overall fund5 available and other commitments. Annual donations are linked to investment income generated. Support should be provlded for a period of at least 3 years. WCB should have a demonstrable relationship with the charity e.B., WCB providing practical engagement as well as financial support, but it is recognised that the work of some charities may preclude this. The charity should provide ackowledgemeDt of WCB that enhances the profile of WCB. Desirable Criteria - Ma or Awards Preferred charities to have nationwide rather than London centric aclivities. Dependent on successful relationships consideration should be given to extending the initial period of 3 years. The administrative expenses of the charity should be revlewed and considered reasonable in Ihe context of the scope and size of the charity. Potential reciprocity. If appropriate, should be sought through hire of Butchers, Hall and/or involvement and acknowledgement of WCB through PR and other events. We continue to support several other charities, the majority of which are annually recurring such The Lord Mayor of London Appeal. The Poppy Factory, The United Guilds Service, St Bartholomew the Great Church and The St Paul's Cathedral Foundation. There are several essential criteria laid down for these minor awards which are- Essential Criterla- Minor Awards Minor Awards will be made to a limited number of good causes with which the WCB is Ilnked and represented. 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 Charity Committee will ￿Ceive guidance from the Clerk, The Worshiplul Company of Butchers General Charities

Minor Avjards are as much a commitment as Major Awards and must be considered simultaneously against the funds available for distribution. Minor charities, such as hospices. do not necessarily require having a national footprint, Grant Making Policyand Grdnts Made The charity made donations to 812023..10) different charities during the year totalling E83,855 12023.. £124,159). 2024 2023 Claire House Hospice Farms For Cty Childrèn st Pauls Cathedral Foundation 5,000 60,0 4,000 5,000 5,500 6,500 190 23,(XM) Red Cross st Bartholomew The Great Poppy Factory The Lfvery Commlttee C of L- Garden of Remem WCB Education Charity Teach First 11,449 23,￿0 23,( Lord Mayor's Charity Company of Weavers Dementia UK 20.IM)O Unlted Guilds Services 83,6110 255 123.139 1.020 £124,159 Individual Grant £83.855 One individual within the objects of the charity received financial a5s1stan￿ during the year. Public Benefft The charity makes grants to a variety of individuals and organisations in pursuit of Its charitable objectives. The trustees have tsken due consideration of the Charity Commission guidance on Public Benefit in reviewing the charity's activities. Achievernents and Performance Apart from the financial amounts donated to Farms for City Children and to Teach First, there has been a significant amount of engagement from Liverymen in the form of school visits to workplaces as well as preparation of career videos, coachin8 teachers, and connecting Teach First with Harper Adams. Financial Revlew Total income for the year was £67,448 12023: £92.0231 and total expendlture was E99,315 12023: £140,445). After gain5 on investments of £158,95312023: Losses £146,662), net income for the year was £127,086 {2023: net expenditure £195,084). The Worshlpful Company of Butchers General Charllies

The restricted fund balance of £6,30112023'. £3,957) represents income arising on the King's School Bruton permar)ent endowment fund that had not been spent at the year end. The Butchers, Company has promoted the benefits of voluntary donations to the capital funds of the charity from amongst its Livery Membership. The trustees decided to increase the capital base of the charity to improve the size of grant-making in the fvture, The charity remains in a strong financial positron with all assets easily realisable at short notice. Reserves and Investment Policy Considering the limtted scope for fundraisin& coupled with the increasing demands of other bodies seeking assistance, the trustees consider that the reserves are not excessive. The assets in the general. restricted, and permanent endowment funds are adequate to fulfil the obligations of the charity, and the fomier two are rea115able at Short notice. The investment manager is employed on an advisory basis, working within the terms contained within the standard terms of investment approved by the trustees during the year. All investments are quoted on the London Stock Exchange. All investments have been acquired in accordan¢e with the statutory powers available to the trtJstee5. The main investment objective and the risk toleran￿ of the investment policy approved by the Court are: 111 To achieve a total real retum over a five year period to preserve the permanent endowment in real terms whilst Sustaining a spending rate of 3% of the total asset value per annum. 121 To maintaln an overall total risk level that reduce5 to an acceptable level the likelihood of the portfolios total return being exhausted under any likely five-year market fall whilst allowing the charity to support its spending commitments over this period At S April 2024 there were total reserves of £2,152,548 {2023: £2,025,462), including £482,803 {2023.. £448,275) of permanent endowment funds and £6,301 12023: £3.9571 of restrlcted funds, leaving free reserves of £1,663,44412023- £1,573.2301. Statement of Trustee< Responsibilities The trustees are responsible for preparing the annual report and accounts in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Practice). Charity law requires the trustee5 to prepare accounts for each financial year which give a true and fair view of the charity's income and expendrture during the year and of its situation at the end of the year. In preparing those acwunts, the trustees are requlred to.. Select suitsble accounting policies and then apply them consistentlv. Observe the methods and prlnciples in AccouTrting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reportlng Standard appIl￿ble in the UK and Republic of Ireland IFRS 1021. make judgements and estimates that are reasonable and prudent. The Worshipful Company of Butchers General Charities

state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed 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 charlty's transathons and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, applicable Charity {Accounts and Reports) Regulations and the provisions of the charity's constitution. They are also responsible for safeguarding the Charity's assets and hence for taklng reasonable steps for the prevention and detection of fraud and breaches of law and regulations. Approved by the trustees and signed on their behalf by: John wells roved b th tr tees on 6 Se tember The Worshipful Campanyof Butchers General charl￿e$

Independent Examinerfs Report 5 April 2024 Independent examinerfs 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 S April 2024. Responsibilities and Basis of Report As the trustee5 of the charity. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the charit¢5 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{51{bl of the Act. Independent Exarniner'5 Ststement 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. SKS Ramon Lee Chartered Accountants 93 Tabernacle Street London EC2V 7QP The Worshipful Company of Butchers General Charities

Unaudited Ststement of Financial Activities 5 April 2024 Unrestricted lunds Restricted funds Pemianent endowment funds Total 2024 Notes Income from: Donations and legacies Investments Total Income 19.915 19,915 45,189 65,104 2,344 47,533 67,448 ExperKliture on: Raising funds Charitable activttles Total expenditure 13,368 85,947 99315 13,368 85,947 99,315 Net lexpenditure) /in£orne for the year before Investment 8ains and1055es (34211) 131,8671 Gains on investment5 124.425 34.528 158,953 Net (expenditure) lincome and net movement in funds 90,214 34,528 127,086 Fund balances brou8ht forward at 0610412023 1,573.230 3,957 448,275 2,025,462 Fund balances carried for4vard at £1,663 £6.301 £482,803 2,152,548 0510412024 None of the charit(s activFties were acquired or permanently discontinued during the above two financial periods. The Worshlpfvl Company of 8ut¢hers General Charfties io.

Unaudited Statement of Financial Activities 5 April 2023 Unrestrirted Restricted nds fund$ Permanent endowment funds Total 2023 Notes Income from: Donations and legacie5 Investments Total Income 46.184 46,184 43.956 90,140 2,883 1.883 45,839 92,023 Expenditure on: Raising fvn(ls Charitable activities Total expenditure 13,572 126.873 140MS 13,572 126,873 140,445 Net lexpenditurel lincome for the year before Investment gains and I0￿e5 150.305} I￿83 (48,4221 Gains on investments 1118,1231 28,539} 1146,6621 Net {expendlture) lincome and net movement in funds (168N28) 1,883 128,539) 1195,0841 Fund balances brought forward at 0610412022 1,741,789 2,074 476.814 2,220,677 Fund balances carried fonward at 0510412023 £1,573361 £3,957 £448.275 2,025,593 None of the charity's activities were acqulred or permanently dlscontinued during the above two financial periods. The Worshlpful Company ol Butchers General Chartoes ii.

Unaudited Balance Sheet 5 April 2024 Notes 2024 2023 Flxed assets Investments 2.123.479 2.007.539 Current assets Tax recoverable Prepayments and accrued income Cash at bank and In hand 4.51X) 12.087 60,243 76,830 3,634 9,298 7,652 20.584 Creditors.. amounts falling due within one year 147,7611 12,6611 Net Current assets 29,069 17,923 Net assets £L152,548 £2,025,462 The funds ol the charity Permanent endowment funds Restricted funds Unrestrlcted general funds 482,803 6.301 1,663,444 £2.152.548 448,275 3,957 1,573,230 £2,025.462 The accounts on pages 13 to 18 were approved and authorised for issue by the Trustees and signed on their behalf by.. Allto owells roved the ees on 6 Se tember 2024 The Worshlpfvl Compary of Butthers General Charitie5 12.

Principal Accounting Policies 5 April 2024 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 forthe year to 5 April 2024 with Comparative information presented for the year ended 5 April 2023. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these accounts. The accounts have been prepared in accordance with Accounting and Reporting by Charitie5'. Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP FRS 102), the Financial Reporting Stsndard applicable in the UK and Republlc of Ireland {FRS 102) and the Charities Art 2011. The charity constitutes a public benefit entity as delined by FRS 102. The accounts are presented in sterling and a￿ rounded to the nearest pound. Critical Accountlng Estimates and Areas of Judgement In preparing the accounts the trustees and management were not required to make significant judgements and estimates. With regard to the next accounting period. the year ending 5 April 2025 the most SIEnificant areas that affect the carrying value of the assets held by the charity are the level of investment return and the performance of the investment markets. As5e55ment of Goin8 Concern The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The trustees have made thi5 assessment in respert to a period of one year from the date of approval of these accounts. The trustees of the charity have concluded that there are rio material uncertaintyes related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due. Donations and Legacles Donations are recognised when receivable and the amount can be measured reliably by the charity. Legacies are included in the statement of financial activities when there has been a grant of probate, the executors have established that there are sufficient surplus assets in the estate to pay the legary. and any conditions attached to the legacy are within the control of the charity. The Worshipful Company of Butchers General Chkritfes 13.

Interest and Dividend Income Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity. This is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obllgation on be measured reliabty. All expenditure is comprised of direct costs incurred on raising funds or activities in furtherance of the charitable objectives and is accounted for on an accrual's basis. Grants payable are included in the statement of tinancial activities when approved and when the intended recipient has either received the funds or been informed of the decision to make the grant and has satisfied all performance conditions. Grants approved but not paid at the end of the financial year are accrued. Grants where the beneficiary has not been informed or must fulfil performance conditions before the grant is released are not accrued for but are disclosed as financial commitments in the notes to the accounts. Investments Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair Wdlue a5 at the balance sheet date using the closlng quoted market price. Realised and unrealised gains lor losses) are credited lor debited) to the statement of financial 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 at the amount prepaid. Cash at bank and in hand Cash at bank and in hand represents such accounts and in5trurnents that are available on demand or have a maturlty of less than three months from the date of acquisition. Credilors and Provisions Creditors and provisions are recognised when there is an obligation at the balance sheet date because of a past event, it is probable that a transfer of economic benefit wlll be required irb settlement, and the amount of the settlement can be estimated reliably. 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. Permanent endowment funds must be peThanently retained by the trustees and cannot normally be spent as if they were income. Income arising from endowment funds is credited to general funds and applied for general purposes unless restricted for a spectfic purpose when it Is credited to restricted funds. The Worshipful Cornpanyof Butchers Gener31 Charities 14.

Restricted funds comprise monies raised for, or which have their use restricted to, a specific purpose, or contributions subject to donor-imposed conditions. General funds represent those monies which are freely available for application towards achieving any charitable purpose that falls within the charity's charitable objerts. l. Donations and Legacies Permanent Restricted Endowment Funds Funds Unrestricted Fund5 2024 Grant from WCB Tax Reclaimed on Donation General donatlon5 5.408 14,507 19,915 5,408 14,507 £19,915 2024 Total Grantfrorn WCB 23,877 3.634 18,673 46,184 23,877 3,634 3,673 £46,184 Tax Reclaimed on Donation General Donatlons 2023 Total 2. Investment Income Permanent Restrlcted Endowment Funds Funds Unrestrlrted Fund5 2024 Interest on cash with bank and stockbroker 33 113 Equities and fixed Interest securitles 2024 Total 45,1(YJ 2.311 47.420 45.189 £47,533 84 Interest on cash with bank and stockbroker Equities and fixed interest securities 2023 Totsl 62 22 43,894 46,479 1.861 1,719 45,755 £45,839 3. Expenditure OTr Raising Funds Expenditure on raising funds comprises investment management fees which are charged to unrestricted funds. The Worshlpful Company ol Butchers General Charities 15.

1. Charitable Artivities 2024 2023 Grants to charities Grants to individuals (one beneficiary) Support costs 83,6(Kl 255 123,139 1,020 2,714 £126.873 2,092 £85,947 Details of grants to chartiies a￿ set out in the trustees. report. All charitable expenditure is unrestricted. The charity Is adMiniste￿d on a pro bono basi5 by The Worshipful Company of Butchers. The trustees receive no remuneration or expenses from the charlty. Support costs include the Independent examiner's fee of £1.75012023- £2.520}. S. Investments 2024 2023 At market value: As at 6 April 2023 Additions Disposal proceed5 Gainhoss on disposal and revaluation Increa5e/ Decrease Capitsl Accounts Funds A5 at 5 April 2024 z.1107.539 2,167,637 204,798 186,668 (241,188) 1246,6991 158,953 1146,6621 (6.623) 46,595 £2,123.479 £2,¢X)7,539 Market Value Market Value 2024 2023 Portfolio StnKlure Flxed Interest UK Equitie5 Intemational Equitles Propertv Alternatives Cash 214,452 166,710 318.642 451,156 1,240,744 1,013,417 78.879 85,048 217,623 232,441 52.143 58,766 £2,123,479 £2,007,539 As at 5 April 2024 The Worshlpful Cornpany of Birtchers GeneTrl Charities 16.

2. 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 knvery Donatlon Capital Fund comprlses of donation5 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 5UPPOrt the first object of the charity (see page 51 relating to the relief of individuals. The Trust for Investment is the value in the accounts in 2012. The Master's Events Fund comprises donations and monies raised at events instigated by the Master of the Worshipful Company of Butchers. The Trust for Investment is the value in the accounts in 2015. No dividend Income is allocated to the unrestricted endowment funds a5 Income arising from the fund 15 available for the general purposes of the charity. Kings Livery Charity School Donation Commissioners Bruton Capital Fund Scheme Masters Event Fund Total Trust for Investment 50,000 16,301 66,301 118,688 51.401 170,089 128,475 31.127 159,602 51,698 348,861 585 99,418 52,283 448,275 Unapplied Total Return Endowment as at 5 April 2023 Movement In year: Investment Return- Dividend Investment Retum- Realised & Unrealised GainslLosses Less.. Expenditure Endowment as at 5 April 2024 5.157 15.147 14,224 34,528 66.301 175.246 174.749 66,507 £482,803

3. Restricted Funds The restrirted fund assets are represented by unspent investment income arising from the King's School Bruton permanent endowrnent fund. The Worshlpful Company of 8utchers General Charities 17,

4. Statement of Funds 2024 Gain {L055) Invest- other Expen- Total 2024 ment Income diture Income Permanent Endowment Klngs School Bruton Livery Donation Capital Fund Charlty Commisslon Scheme 1999 Masters Event Fund 66.301 170,089 159,602 52.283 66,301 175,246 174.749 66,507 482,803 45,189 19,915 199,3151 1,663,444 2,344 6,301 47.533 19.915 199.3151 2,152,548 5,157 15,147 14,224 448.275 34,528 1,573,230 124.425 3.957 Unrestricted Funds Restrirted Funds KlnE5 Bruton 2,025,462 159,779 2023 Gain Inves Other ment In¢omÈ Income Expen- diture Total 2023 Pemianent Endowment Klngs School Bnjton livery L)onation Capital Fund Charity Commission Scheme 1999 Master5 Event Fund 56.184 182.823 171,595 56.212 117 66,301 170,089 159,601 52,283 448,275 43,956 46,184 1140,5761 1,573,230 1,883 3,957 45.839 46,184 1140,5761 2.025,46Z 112,7341 111,9941 13,929 476,814 128.539) 1,741,789 1118.1231 2,074 2,220,677 1146.6621 Unrestrirted Funds Restricted Funds Bruton

5. Staff Costs The average number of persons employed by the charity during the year Yr45 nil12023'. Nill. There were no employees whose total employee benefits {excluding pension costs) exceeded £60,00012023- Nil).
6. Trustees. Remunerdtion and Beneffts There was no trustee's remuneration, benefits in kind or expenses for the year ended 5 April 202412023 - £Nill.
7. Related Pdrty Disclosure The charlty received £Nil for charitable donations from Court member5 in the year12023 £1201. The Worshipful Company ot Butehers General Charities 18.