The Worshipful Company of Butchers General Charities Annual Report and Unaudited Accounts 5 April 2025 Charity Registration Number 257928 (England and Wales) Contents Page Legal and admlnistrative Informatlon Trustees, Report Independent Examiner's Report Statement of Financlal Actlvltles 10-11 Balance Sheet 12 Notes to the Accounts 13-19 The Wcv5hipful Cornpary of 8ut¢hets General Charities Legal and Adminlstrdtive Informatlon Trustses Master. Wardens and Court of the Art or Mi5tery of Butchers of the Clty of London Members otthe Court Jason Ald155 Peter Allen John Allton Jones (Master to 12 September 20251 MikeAttwotsd Davld Baker IReslgned 12 September 20241 And￿W Berisford (Appointed 11 SÈptember 2025) Margaret Boanas William Buchanan Amanda Buitelaar Steve Chlck JIM Connell Paul L)olan Tim Dumenil (Resigned 11 September 20251 Gwyn Howells (Master from 11 September 2025) Andrew Parker Stuart Roberts Anthony Stanton TSmothy Stone Bill Thurston Paul Willington (Appointed 11 September 20251 Mark Winston (Appointed 12 September 20241 Christopher Wood Peter Wood Peter wr￿ht (Reslgned 11 September20251 Regi5teredl PrI￿1paI vffice WorshSpful Company of Butchers Butchers, Hall 87 Bartholomew Close London ECIA 7EB Telephon¢ Fax number E-mail 020 39318350 020 7606 4108 clerk butchershall.com Charlty reEi5tratlon number 257928 IEnEl8nd and Wales) TheWor5hlpful Companyof Butchers fjeneral Charlties Independent examiner Caroline BrdLier Qnsdales Business Advisors Ltd St Ma￿5 Court The Broadway Old Amersham Bucks HP70UT Bankers CAF Bank Limlted 25 Klngs Hlll Avenue Klngs Hlll West Mallin¥ Kent ME19 4JQ Investment advisers Rathbones Investment Management 30 Gresham Street London EC2V 7QN TheWor5hipful Cornparyof Butchers GeTheral CharitiÈS Trustee￿ Report 5 April 2025 The trustees have pleasure in presentlng their annual report and the accounts which represent the activities of the charity for the year ended 5 April 2025. These have been prepared in accordance wlth the accounting pollcies set out on pages 12 to 17 of the attached accounts and comply with the tharity's trust deed, the Charities Act 2011 and Accountlng and Reporting by Charitie5: Statement of Recommended Practice applicable to charities preparing their accounts in accordènte with the Financial Reporttng Stsndard appllcable in the UK and Republic of Ireland IFRS 1021. Structure, Governonce. and Management LeEal Status Under a Scheme of the Charity Commissioners dated 21 April 1999, the charities previously known separately as The Worshipful Company of Butchers General Charities and The Worshipful Co)mpany of Butchers. United Charities were reorganised as The Worshipful Company of Butchers General Charities. The followlng is a history of the former charitle5 that were combined: The Worshlpful Company of Butchers General Charities The Worshipfijl Company of Butchers General Charities fund was estsbllshed on 2 January 1969 by The Master, Wardens and Commonalty of the Art or Mi5tery of Butchers of the City of London to 5UPPOrt charitable purposes anywhere In the world. The General Fund5 were derived from donations from liverymen and included 8ppeals launthed by Past Master Norman Poultney in 1987 and in celebration of the addlttons to Butchers Hall launched in 1996 and subsequent Inltiative The Worshlpful Company of Butcher5 United Charhies The Worshipful Company of Butchers United Charities was estsblished by a Scheme of the Charity Commissioners on 17 January 1968 as amended by an Order of the Commissioners dated I September 1987, whicFJ amalgarnated varlous small trusts which were managed by The Worshlpful Company of Butchers. The Funds were derived from. The Charity of Alfred Lyon comprlsed In a trust deed dated 11 October 1892. The Charlty of Benjamin Bloomfield Baker, founded in February 1896. The Charity of Ruth Bayleyi founded by will proved at London on 17 August 1840. The Charity of William James Bonser, founded on 23 August 1888. The Charity called The Charles ValentEne Game Fund. founded on 6 Aprll 1899. The Charlty known as The Poor Fund, consisting of11) The Charjty of James Leverett and 121 The Playin8 Acts Money. The Charity called The Leo Zwanenber£ Gift, comprised in the decla￿d￿On$ of trust dated 27 February 1934 #nd 5 Aprll 1935 and an Order of the High Court ofJustice {Chancery Division) of 25 March 1963. The charlty s registered number was 238587. TheWor5hlpful Company of But¢hers General charl￿eS The charity under the Scheme was required to make varlous small annual payments due under the originating trusts of the constituent part5 which were amalgamated. Beyond this the charity was estsb115hed to relieve need, hardship, or dlstress elther generally or to indlvldual 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 Asslstsnts of the Court of the Worshlpful Company of Butchers IWCB'}. The tharity and Education Committee, comprised of a Warden as the Chalrman and selected Court members. a5 well as co-opted liverymen, run the routines ensuring that there is a strategy and a plan and that it Is executed Correctly, seekiD8 approval from Court for key decisions. The day-to4ay administration of the charlty is undertaken by the Worshipful Company of Butchers. Committee members are recruited frorn among the Livery of the Worshipful Company of Butchers. Membershlp rotates every September although a few Liverymen remain on the committees for two or more year5 to provide conttnuity. The Chairman norrnally remains in F)OSt for two year5. Atthefirst meeting of each commlttee, the Clerk briefs all the new members on their responsibilittes and gives each new member a copy of the governlng scheme and the latest report and accounts. The charity's investments are managed through the Charity Committee of The Worshipful Company of 8utcher5 which meets four times a year. The Charlty Committee has appointed Rathbone5 as their investment manager, working to an advi50ry mandate. Rlsk Management The trustees are satisfÈed that the current leve15 of internal financi31 controls mttigate 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 busin￿ rlsk were considered durlng the financ(al year and have been reported. The trustees alm to continue monitoring risk a5 an ongoing process that is part of the normal daily management of the charity. It is felt that thi5 methodls proportionate to the levels of Income and expenditure typical of thi5 charity- Objectives and Activities The objects of thÈ charity are: (11 The relief ot persons who are In conditions of need, hardship, or distress. with preference for- {al Freemen of the Butchers, Company, their widows, or dependants, and Ibl persons who are, have been, or intend to be engaged in the meat or associated trade5, and their dependants. The trustee5 may relieve such persons by.. maklng grants of money to them,. or Ili} providing or payinE for goods, services. or fadlltie5 for them: or lilil making grants of money to other persons of bodies who pmvide good5, servlces, or facilities to those in need. The Worshlpful Company of Butchers General Charit5e5 {21 The furtherance of such charitable purposes In any part of the world as are determined from time to time by the trustees. The flrst Objec￿Ve 15 achieved through direct erdnts to indlvlduals. The second objectlve is achieved by concentrating on two or three selected charities to whith In-depth support ts glven. Additionally 5peciftc major appeals Sltch as the Poppy Factory and the Lord Mayor of London's charity would be supported annually. The charity retains a small contingenry sum to be available for other causes as the Committee choose to support. In the 202312024 financial yèar our major charity support y￿nt to Farms for aty Children and Teach Flrst. These two charittes are designated to be beneficiaries of major awards. There are severdl essentlal and deslrable criteria for major awards which are: Essential Criteria- Ma orAwards A limlted number of charlties to be supported with meanlngful 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 subject to the overall funds available and other commitrnents. Annual donations are linked to investment income generated. Support should be provlded for a period of at least 3 year5. WC8 should have a demonstrable relationshlp wlth the charity e.g.1 WCB providing practtcal enga8ement as well as finanaal support, but it is recognised that the work of some charities may preclude thls, The charlty should provide accreditatton of WCB that enhances the profile of WCB. Desirable Criteria- Ma or Award5 Preferred charlties to have nationwide rather than London centric aCtivi￿e5. Dependent on successful relationshlps cons5deration should be given to extending the initial period of 3 yea￿, The administrative expenses of the charity should be reviewed and considered reasonable In the context of the scope and size of the charlty. Potential reciprocity, if appropriate, should be sought through hi￿ ot Butchers, Hall andlor involvementand acknowledgement ofWCB through PR and other events. INe continue to support several other charltles. the majority of which are annually recurring such The Lord Mayor of London Appeal, The Poppy Factory, The United Guilds SeN1￿, St Bartholomew the Great Church and The 5t Paul's Cathedrdl Foundation. There are several essential criteria laid down forthese minor awards which are: Es5entl I Criteria- Minor Awards Mlnor Awards wlll be made to a limited nurnber of good causes with whlch the WCB is Ilnked and represented. Mlnor Award5 will be reviewed annually but can be expected to be repetitive due to the nature of the -good cause.. In that respect the Charity Commlttee will receive guidance from the Clerk. The Worshtpful Cgmpanyof Butrhets General Charlties Mlnor Awards are as much a commitment as Major Awards and must be considered simultaneously against the fund5 avallable for dlstribution. Mlnor charities, such as h05plces, do not necessarlly require having a national footprinL Grdnt Maklng Pollty and Grants Afjade The charty made donations to 2 (2024.8) different charities during the year totalling £5,000 12024- £83,855). 2025 2024 Kings School Bruton Round the World 4.500 500 Farms For City Chlldren st Pauls Cathedral Foundation St Bartholomew The Ereat Poppy Factory Teach First 23.QUO 4.000 5,500 6.500 23,000 Company ofweavers Dementia UK Unlted Gullds Servlces 20,CXIO 600 5.000 83.600 255 Indlvldual Grant 5,000 83A55 One indlvldual wlthln the objects of the charity received financial assistance during the year, Public Be￿fft The charity makes grants to a variety of indfviduaLs and organisations in pursutt of its tharitsble objectives. The trustees have taken due Considera￿0￿ of the Charity Commlsslon guidan￿ on Public Beneflt in reviewing the charlty's actlvities. Achie¥ements and Perfomiance Apart from the ftnanclal amounts donated to Fanns for City Children and to Tead) First, there has been a significant amount of engagement from Liverymen in the form of school vlsits to workplaces a5 well as preparation of career vldeos, coaching teachers, and connecting Teach First wlth Harper Adams. Financial Revlew Total income for the year was £63,67312024- £67,448) and total expenditure was £13,224 (2024. £99,315). Afterlosses on Investments of £30,36612024: Gains £158,953), net income for the year was £20,08312024: net income £127,086). The restricted fund balanre of £7,02112024- £6,301) represents Income arising on the King's School Bruton permanent endowment fund that had not been spent at the year end. The Worshipful Cornpanyof Butcher5 General Charld8S 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 charityto improve the slze of grant-making in the future. The tharity remains Sn a stronEfinancial position with all assets easily realisable at short noti￿. Reserves and Investment Policy Considering the limited scope for fundraislng, coupled with the Increaslng demands of other bodies seeking assistance, the trustees consider that the reserves are not excessive. The assets In the Eeneral, restrlcted. and permanent endowment funds are adequate to fulfil the obligations of the charfty, and the former two are realisable at short notice. The investment manager is employed on an advisory basis working within the term5 contained within the standard terms of investment approved by the trustee5 during the year. All investments are quoted on the London Stock Exchange. All investments have been acquired in accordance wlth the statutory powers avallable to the trustees. The m8ln investment objective and the risktolerance of the Investment policy approved by the Court are". (l} To achleve a totsl real retum over a flvwear perlod to preserve the permanent endowment in real terms whllst sustalning a spending rate of 3% of the totsl asset value per annum. (21 To maintsin an overall totral risk level that redLKes to an acceptable level the Ilkelihood of the portfolios total retum being exhausted under any likely five-year market fall whllst allowing the charity to support Its spending commitments over thts period At 5 April 2025 there were total reserves of £2,172,63112024: £2,152,548), including £454,136 12024.. £482,803} of permanent endowment funds and £7,02112024.. £6,301) of restrlcted funds. leaving free reserves of £1.711,47412024: £1,663,444). Statement of Trustee5' Responsibillties The trustee5 are responsible for preparing the annual report and accounts In accordance with applicable law and United Kingdom Accounting Standards Iunited Kin8dom Generally Accepted Practice). Charity law requires the trustees to prepare accounts for each financial year which glve a true and fair view of the charity's income and expenditure during the year and of its situatlon at the end of the year. In preparing those accounts. the trustees are requlred to: Sdect sultable accounting polieies and then opply them con5i5tentlv. Observe the methods and prlnclples in Accounttng and Reporting by Charltfe5: Statement of Recommended Practice appllcable to charitle5 preparing their aecounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irèland IFRS 1021. make judgements and estimates that are reasonable and prudenL state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the a¢counts; and The Worshipful Company of Butthers General Charfttes prepare the accounts on the Eolng con￿rn basls unless It Is Inapproprlate to p￿Sume that the charitywill continue In operation. The trustees are responsible for keeplng proper accounting records that are sufflclent to show and explain the charitvs transactions and disc105e with reasonable accuracy at any time the financlal position of the charity and enable them to ensure that the accounts Complywlth the Charities Art 2011, applicable Charlty IAccounts and Reportsl Regulation5 and the provtsions of the charitfs constitution. They are a150 responsible for safeguarding the Charity s assets and hence for taklng reasonable Steps for the prevention and detedion of fraud and breaches of law and regulations. Approved by the trustees and signed on thelr behalf by: -£L Chairman of the Charities Committee Approved on The Worshlpful Corryany of ButthersGeneral Charlltes Independent Examiner's Report 5 Aprll 2025 Independent examinerfs report to the trustees of The Worshipful Compary of Butchers General Charities I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 Aprll 2025. Responslbllltles and Basls of Report As the trustees of the charltyi you are reswnslble for the preparation of the accounts In accordance with the requirements of the ChaTitie5 Act 20111'the Act,). I report In respect of my examlnation of the charity's accounts carrled out under sectron 14S of the 2011 Act and in carrying out my examination I have followed all the applioble Directions Eiven by the Charity Commission Linder section 145(5llbl of the ACL Independent Examlner's Statement I have completed myexamination. I confirm that no material matter5 have come to myattention 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 os requlred by section 130 of the Act; or The accounts do not accord wlth those records,. or The accounts do not comply with the applicable requirÈments 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. whlch is not a matter considered as part of an independent examinatlon. I have no COn￿rnS and have come across no other matters in connection wtth the examination to which attentlon should be drawn in this report to enable a proper understanding of the accounts to be reached. 12.1.a Caroline Brdzler Cansdales Buslness Advlsors Ltd St Mary'5 Court The Broadway Old Amersham Buck5 HP7 OUT The Worshipful Cornpany of Butthers General Charldes Unaudlted Statement of Financial Actlvits'es 5 Aprfl 2025 Unrestrictèd Restritted funds funds Permanent ertdowment funds Totsl 2025 Incomelmm: t>onatlons and legacies Investments rotsl income 12.249 12249 50.704 62,953 720 720 51,424 63.673 Expendlture on: RaLsing funds Charltable aclivltles T4)tal expenditure 3,246 Y,978 13,224 3246 9,978 13,124 Net income (expen(fiturel forthe year before investment Bains and 10sse5 49,729 720 50,449 Losses on Investments Unrealised galn 1306,6351 304.936 11,699) 128.6671 1335,3021 304,936 130,3661 128,667 Net Income loxpenditurel and net movement In funds 48,030 720 128,6671 20.083 Fund balances brouEht forward at 0610412024 1.663,444 6,301 482.803 115Z,548 Fund balances carrled fDrward at 1,711,474 7.021 0510412025 454,136 2.172,631 The W¢rshlpful Company Df B￿t¢her$General Charities io. Unaudited Statement of Financial Activlties 5 April 2024 Unrestrlcted fun(ts Restrlcted lund5 Permanent endowment funds Totsl 2024 Notes Income from: Donations and leBa¢ies Investments Total In¢ome 19P15 199lS 45,189 65,104 2,344 47.533 67.t148 ExpenditUTe on: Raising funds Charitable activlties Total expendlture 13,368 85,947 99,315 13368 85,947 99,315 Net Income lexpendlture) fortho year before Investment ealns and losse5 (34.2111 131067) Galns on investments 124,425 34.528 158,953 Net Income/ (expènditure) and net rnovemert In funds 90.214 34,528 127M6 Fund balan brouEht forward at 0610412023 1,573.230 3,957 448,275 2.025N62 Fund balances carrled forward at 0510412024 1.663,444 6,301 482.803 1151548 None of the charity's activities were acquired or perrnanently discontinued duringthe above two ftnanclal perlods. The Worshipful Cornpan¥of 8utcher5 Genèral Charllies ii. Unaudited Balance Sheet 5 April 2025 Notes 2025 2024 Flxed assets Investments 2,110.751 2.123.479 Current ¥sets Debtors Cash at bank and in hand 16,587 60.243 76,830 61,619 65.OS9 Creditors: amounts falling due within one year 13,1791 147.7611 Net currnnta55ets 61,880 29,069 Net assets 1171631 2,152,548 The funds DI the ¢harity Permanent endowment funds Restricted funds Unrestritted general funds 454,136 7,021 1,711,474 1172,631 481803 6.301 1.663,444 2,152,548 io io The accounts on pages 12 to 17 were approved and authorlsed for issue by the Tru5tses and slgned on their behalf by,. Trustee Approved on: The Worshipful Companyof Butcher5 General Charitk5 12. Princlpal Accounting Policles 5 Aprll 2025 The principal accounting poliaes adopted, judgements and key sources of estlmation uncertainty in the preparation of the accounts are laid out below. Basis of Preparation These accounts have been prepared for the year to 5 April 2025 wlth compara11ve information presented for the year ended 5 April 2024. The accounts have been p￿Pared under the historical cost conventlon with iterns recognlsed at cost or transathon value unless otherwise ststed In the relevant accounting policies below or the notes to these accounts. The accounts have been prepared in accordance with Accountlng and Reporttng by Charlties". Ststement of Recommended Practice applicable to tharities preparing their accounts In accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 (Charities SORP FRS 1021, the Flnancial Reporting Standard applÉcable in the UK and Republic of Ireland IFRS 102) and the Charlties Act 2011. The charity constttute5 a public benefit entity as defined by FRS 102. The accounts are presented In sterling and are rounded to the nearest pound. Crltlcal Accountlng Estimatrs and Area5 ofjudgement In p￿paring the accounts the trustee5 and manaBementwere not requlred to make slgnificant judgements and estimates. With regard to the next accounting perlod. the year endlng 5 April 2025 the most significant areas that affert the carrylng value of the a55et5 held by the charity are the level of investment retum and the performance of the investment markets. Assessment of Going Concern The trustees have assessed whether the use of the golng concern assumption is appropriate In proparlng these accounts. The trustees have made thls assessment In respect to a perlod of one year from the date of approval of these accounts. The trustees of the tharity have conduded that there are no materlal uncertainties related to events or conditions that may cast significant doubt on the ability of the charlty to continue as going concern. The trustees are of the opinion that the charlty will have sufficient resources to meet its Ilabilitle5 as they fall due. Donations and Lega¢ies Donatlons are recognised when receivable and the amount can be measured rellably by the charlty. Legacies are Included in the ststement of financial actlvlties when there has been a grant of probate, the executors have established that there are 5ufficlent surplus assets in the estste to pay the legacy, and any condltions attached to the legacy are withln the control of the charity. The Wor5Mpful Company Df Butchers General Chariues 13. Interest and Dividend Income Interest on fund5 held on deposit is included when receivable and the amoltnt can be measured reliably by the charlty. This is normally upon notificatton of the interert paid or pardble by the bank. Diwdends are recognised once the divldend has been declared and notification has been received of the dividend due. Expenditure Expenditure Is rewgnised On￿ there is a legal.or constructiye oblieation to make a payment to thlrd party, it is probable that a transfer of economlr benefits will be required In settlement and the amount of the obligation can be measured reliablv. All expenditure is comprised of direct CQSts incurred on raising funds or activities in furtherance of the charltable objectives and is accounted for Dn an accrual's basls. Grants payable are included in the statement of financial activitie5 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 pald at the end of the financlal year are accrued. Grants where the beneficiary has not been informed or must fulfll performance conditions before the grant15 released are not accrued for but are di5dosed as flnancial commltments in the notes to the accounts. Investments Investments are a ftsrm of baslc financial instnjrnent and are Initially recognised at thelr tiansaction value and subsequently measured at their fair value as at the balance sheet dats uslng the dosing quoted markèt price. Realised and unrealised Ealns (or105ses) are credited lor debited) to the statement of financial activities in the year In which thèy arise. Debtors Debtors are recognised at their settlement amount, less any provision for non-recoverabillty. Prepayments are valued at the amount prepaid. Cash at bank and 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 Tnonths from the date of acqui5iiion. fjolitors and Provisions Creditors and provislon5 are recognised whÉn there is an obli8ation at the balance sheet date because of a past evenL it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and prowsions are recognlsed at the amount the charity antlcipates It will pay to settle the debt. Funds Endowment funds comprise monles whlch must be held as capltal. Permanent endowment funds must be permanently retained by the trustees and cannot normally be spent as tf they were income. Income arislng from endowment funds is credited to general funds and applled for genoral purposes unless restricted for a speciflc purpose when it Is credited to restricted funds, The Wor5hipFul Company of Bu¢chers Gèneral CharitAes 14. Restrleted funds mmprise monles rdised for, or which have their use restrirted to, a specific purpose, or contributions subject to donor-imp05ed condltions. General funds represent those monles whith are freely available for appllcatTon towdrds achieving any charitsble purpose that falls withln the charity's charltsble objert& L Donatlons and Lep¢ies Permanent Restrirted Endowment Funds Funds Unremricted Funds Grant from WCB Tax Reclaimed on Donatlon General daTrations 20Z5 Total I1,￿0) 13,399 IZ,249 {1.1501 13,399 12349 Grant from WCB Tax Reclalmed on Donatlon General DonatlDn5 2024 Total 5,408 14.507 19,915 5.408 14,507 19.915 2. Investment Income Pemianent Restrltted Endowment Fund5 Funds Vnre5trlcted Fund5 2025 Interert on cash with bank and stockbroker 215 215 Equities and flxed Interest securltles 2025 Totsl 50A89 720 51.Z09 50.704 720 Interest on cash wlth bank and stockbroker 80 33 Equlties and fixed interest securities 2024Total 45,109 45,189 2.311 47,420 47.533 3. Empendlture on Ralslng Funds Expend1tL[￿ on raising funds compri5e5 Snve5tment management fees which are charged to unrestricted funds. Theworshipfvl Company of Butchers Genetal Charities 15. 4. Charitable Artivities 2015 2024 Donations Grants to charltles Grants to individuals lone beneftclary) Support costs 1,935 5,000 83.600 255 2,092 85,947 9,978 Details of 8rants to charltles are set out in the trustees, reporL All charitable expenditure is unrestricted. The charity is administered on a pro bono basi5 by The Worshipful Company of 8utcher5. The trustees ￿ceIve no remuneration or expenses from the charlty. Support costs include the independent examiner'5 fee of £2,220 {2024.. £2,1￿). 5. Investments 2025 2024 At rnarketvalue.. As at 6 April Additlons Dispjsal proceeds IL05sI/Gain on disposal and rewaluation Increasel (Decreese) Capitsl Accounts Funds As at 5 April 123,479 2,007,539 2,159,011 204,798 IL991.8181 124LI881 1335.3021 158.953 155,381 16,6231 2,110.751 2.123,479 Market Value Market Value 2024 Portlollo StrUc￿re Fixed Interest UK Equities Internatlonal Equities Property Alternatives Cash 326,903 214.452 274,002 318.642 1,177.794 1,240,744 65,834 79,876 85,973 217,623 180,245 52,143 2,110,751 2,123,479 As at 5 Aprll The Worshlpful Companyof Buiehers General Charitie5 16. 5. Permanent Endowment Funds The King's School Bruton Fund was created by a donation of £50,000 Ilncluding Gift Aid) received In 2001-2002. All income arlslng is ￿$trIcted to the general-purpose uses of the King's School, Bruton, &)merset. The Livery Donation Capltsl Fund comprlses of donation5 made by livery members of the Worshipful Company of Butchers. The Trust for Investment i5 the value in the accounts Sn 2012. The Charlty Commlssioners, Fund was fomied under the Scheme dated 21 April 1999. All income arlsing is available to SUPPOrt the first objert of the tharity {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 monles ralsed 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 dlvidend income is allocated to the unrestricted endowment funds as Income arisin8 from the fund is available for the general purposes of the charttv. lfjngs Llvery thaTIty School Donatlon Commis51oners Bruton Capltsl Fund Sd*me M2Sters Event Fund Totsl Trurt for Investment Unapplled Total Return Endowment a5 at 5 Aprll 2024 50,000 16,301 66.301 118,688 56.558 175,246 128.475 46274 174,749 51,698 348,861 14,809 133.942 66,507 482.803 Movement In year. Investment Return- Dividend Investment Return- Realised & Unrealised Gains/Losses Le5s- Expenditure Endowment as at 5 Aprll 2025 14,282) 112,576) {11,8091 (28,667) 66,301 170,964 162,173 54.698 454,136 The Worshlpful CDmpany of Butchers General Charities 17. 7. Debtots 2025 2024 Accounts Receivable Tax recoverable rued Income 1540) 3.350 630 4.500 11087 16.587 8. Crfjditors Amounts falllng due wlthln orte year Z025 2024 Audlt A¢cnJal other creditors 2,220 959 3,179 1,750 46.011 47.761 9. Restrltted Funds The restritted fund assets are represented by unspent Investment Income arising fmm the King's School Bruton permanent endowment fund. 10. Statement of Funds 2025 fjaln (Lossl Invert- Other ment Income Intlxne Expen- dlture Total 2025 Permanent Endowmert Kings School Bruton Livery Donation Capltsl Fund Charlty Cornrni55ion Stheme 1999 66.301 175,246 174.749 66,301 170364 162.173 14.2821 112,5761 Master5 Event Fund 66,507 111,8091 128,667} P.599} 56,604 702 54698 454,136 1,711,474 7,021 2,172,631 482,803 1,663,444 6,301 2,151548 Unrestrlrted Funds Restricted Funds Bruton 12.249 113,2241 136.266) 57,324 12,249 113,2441 The Wor5hlpfvl Company of Butcher5 Gener￿ Charltlès 18. Gain (Loss) Invest- Other ment Income Income Expen- Totsl 2024 rmanent Endowmert Kings School Bruton Livery Donatton Capitsl Fund Charity Commission Scheme 1999 Masters Evert Fund 66.301 170,039 159.602 52,283 448.275 L573,230 3,957 2,025.462 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 34,528 124,425 Unrestricted Funds Restricted Funds Bruton 158,953 11. Staff Costs The average number of persons employed by the charity during the year was nll12024:_ nll). There were no employees whose total employee benefits (excluding penslon costs) exceeded £60,00012024- nill. 12. Trustees, Remuneration and Benefits There was no trustee's remuneration, beneflts In klnd or expenses for the year ended 5 Aprll 2025 (2024- £Nill. 13. Related Party D15closure The charity received £Nil for charltable donatlonsfrom Court members in the year {2024- £Nill. The Worshlpfvl Campanyof Butchers General Charities 19.