2022-03-31-accounts - The Feltmakers Charitable Foundation

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CONTENTS						PAGE
Charity Information						1
Report of	the Trustees					2
Independent	Examiner's		Report			5
Statement	of Financial		Activities			6
Statement	of Financial		Position			7
Notes to the Financial			Statements			8
Five Year	Summary	(For Information		purposes	only)	16

Trustees		during	the year:	P.C.C. Simeons	P.C.C. Simeons		(Chairman)	(Chairman)
				J.S. Ray
				A.I. Phillips	-	retired		16.03.2022
				Lady Gillian		Yarrow		- retired		05.07.2021
				N.C.L. Macdonald
				Ms Anne Mannix
				J.E. De BroN-Ferguson
				T.E. Stocks
Clerk	to the Trustees:			Major General		A.M.		Smyth
Principal		Address:		13 Birch Close
				Boundstone
				Farnham
				Surrey
				GUIO 4TJ
Bankers:				CAF BANK	Ltd.
				Kings Hill
				West Malling
				Kent
				ME19 4JQ
Independent			Examiners:	D J Bartlett,	FCA
				Daly, Hoggett		&	Co.
				Chartered	Accountants
				5-11 Mortimer		Street
				London
				WIT 3HS
Investment		Advisors:		Brewin Dolphin			Securities		Limited
				12 Smithfield		Street
				London
				ECIA 9BD

		Notes	Unrestricted	Restricted	Endowment	Total	Total
			Funds	Funds	Funds	Funds	Funds
						2022	2021
			E	E		€	€
INCOME AND
ENDOWMENTS
Voluntary Income:
Grants, legacies	and donations		22,955	8,638		31,593	25,287
Investment Income			23,243		1,249	24,492	20,914
Interest Receivable							39
Total Income			46,198	8,638	1,249	56,085	46,240
EXPENDITURE
Expenditure on	charitable
activities:
Grants and Donations		5	39,950			39,950	64,525
Administration	and Support		3,820			3,820	3,783
Governance-Accountancy
and Legal			1,156			1,156	1,100
TotalExpenditure		6	44,926			44,926	69,408
Net Operating	Income/(Loss)
for the Year			1,272	8,638	1,249	11,159	(23,168)
Net gains/(losses) on investments
Realised		7					92,160
Unrealised		7	39,785		(6,685)	33,100	194,105
			39,785		(6,685)	33,100	286,265
Net Incoming/(Outgoing)
Resources for the Year			41,057	8,638	(5,436)	44,259	263,097
Balances brought	forward
at 1st April 2021			953,528	12,500	89,847	1,055,875	792,778
Balances carried	forward
at 31st March 2022			994,585	21,138	84,411	1,100,134	1,055,875

				Notes
							E
FIXED ASSETS
Investments				7		1,000,905		967,805
CURRENT	ASSETS
Cash at Bank					48,259		41,613
Cash at Stockbrokers					48,127		47,557
Other Debtors					3,983
					100,369		,89170
CREDITORS:	Amounts		falling
due within	one	year
Accruals					,1140		1,100
NET CURRENT		ASSETS				99,229		88,070
TOT AL ASSETS		L,ESS
CURRENT	LIABIL,ITIES					1,100,134		1,055,875
RESERVES
Unrestricted	Funds
- General						913,847		877,325
- Designated				9		80,738		76,203
						994,585		953,528
Endowment	Funds			8		84,411		89,847
Restricted	Funds			8		21,138		12,500
				9				1,055,875

GRANTS AN	D DON	ATI	ONS RECEIVED
				2022	2021
				€	€
UNRESTRICTED	FUNDS
StClementsinitiative				24,630	14,890
TheMaster's	Charitable		Event
Otherdonations				4,430	1,750
Gift Aid recoverable		on	donations	,3 895	3 647
				,22955	,20287
RESTRICTED	FUNDS
Donations for	Helen	Arkell		4,750	5,000
Liveryman's	Charity	Row
Source2City				3,800
Gift Aid recoverable		on	donations	88
				,8638	,5000
TOTAL				,31593	,25287

					2022	2021
						E
Support to Pensioner		Hatters:
Grants				13,025		11,775
Contribution to Atherstone			Pensioners
Lunch
					13,025	11,775
Feltmaker Awards:
Feltmaker Design	Award			4,250
Feltmaker Award-Morley			College
(formerly Kensington		&	Chelsea College)	,3000
					7,250	7,250
Other Grants and	Awards:
Providence Row				3,000		14,000
Treloar Conege				3,000		3,000
Lord Mayor's Appeal				4,000		5,000
Mencap						10,000
Livery Kitchen Initiative						4,000
Milliners' Covid	Hardship			4,500		3,000
Sheriffs' and Recorder's			Fund	1,000		1,000
St Paul's Cathedral				1,000		1,000
St Paul's Chorister		Trust		1,500		1,500
Livery Schools Link						500
Cockpit Arts
Helen Arkell Dyslexia
HMS Lancaster				1,500		1,500
United Guilds				175
St Michael's Hospice						500
UK Mask Force						500
					19,675	45,500
					39,950	64,525

							NOTE	7 - mNTS
							Mamh2021			Much2022		REALISED	MOVEMENTIN
DETAIIS						NOMINAL	MARKET	COST	NOMINAL	MARKET	COST	PROFrI'	UNREALISED	INCOME
							VALUE			VALUE		/(LO")	APPRECIATION
													/(DEPREaATION)
							€	E		€	€	€	€
UNRESTRICTED		FUNDS
EQUITIES
Artemis Fund	Managers
Income I Units						32,387	79,035	51,078	32,387	83,948	51,078		4,913	3,032.64
BNY Mellon	Fund		Managers	Newton	Growth
& Income for	Charities					67,534	100,700	64,860	67,534	ffi,060	64,860		10,360	2,262.91
CCLA Investment			Management	Ltd
Income Security						1 ,678	30,086	30,000	1,678	33,135	30,000		3,049	896.47
Invesco Perpetual
Income Z Units						2 3,333	46,258	3,500	23,333	49,401	3,500		3,143	1,369.72
Law Debenture		Corporation
Ordinary 5p	Shares					12,050	87,362	39,971	12,050	97,123	39,971		9,761	3,449.32
M&G Oiarifund
Income Units						4,596	67,672	12,623	4,596	72,603	12,623		4,931	3,447.00
M&G Securities		Man Global
Dividend I Inc						11,600	30,405	16,838	11,600	34,849	16,838		4,444	909.45

						Mauth2021			March2022		REALSED	MOVEMENT	IN
DET AIIS					NOMINAL		COSI'	NOMINAL	MARKET	CO!SI'	PROFrI'	UNREALISED		INCOME
						VALUE			VAL,UE		/(Iff;S)	APPRECIATION
												(DEPRECIATION)
						E	€		€	€	€
Brought	Fomard					441,518	218,870		482,119	218,870		40,601		15,367.51
Personal	Assets Trust
Ordinary	E12.50 Shares				142	64,184	42,667	142	71,568	42,667			7,384	795.20
Troy h'icome and Growth		Tr'ust
Ordinary	25p Shares				65,350	46,791	52,688	65,350	50,320	52,688			3,529	1,280.88
Sarasin	and Partners LLP
Endowment A GBP Dis Security					25,600	30,592	30,128	25,600	31,411	30,128			819	842.24
Schroder	O'ental
Ordinary	lp Shares				12,750	35,636	19,680	12,750	34,552	19,680			(1,084)	1,338.75
Scottish	American Investment		Co
Ordinary	25 Shares				8,700	40,368	39,974	8,700	44,022	39,974			3,654	1,070.11
Scottish	Mortgage Investment		Trust
Ordinary	5p Shares				16,600	188,742	8,509	16,600	170,316	8,509		(18,426)		579.34
Value &	hidexed Trust
Ordinary	lap Shares				15,750	34,335	31,440	15,750	37,643	31,440			3,308	1,968.75
TOT AL	UNRESTRICTED	FUNDS		INVESTMENTS		882,166	443,956		921,951	443,956			39,785	23,242.78

								NOTE	7 - 5NTS
							Much	2021			Matdi2022		RHALISED	MOVEMENT	IN
DET AIDS						NOMINAL	MAff		CO6T	NOMINAL	MAff	COSI'	PROFrl'	UNREALEED		INCOME
							VALUE				VALUE		/(LOSS)	APPRECIATION
														/(DEPRECIATION)
ENDOWMENT FUNDS													€	€
Aberdeen	Standard	Asian
Ordinary	5p Shares	(formerly		25p)				12,187	6,152	4,875	13,504	6,152			1,317	312.00
Edinburgh	Worldwide		Investment		Trust
Ordinary	lp Shares					7,325		24,026	11,161	7,325	16,335	11,161			(7,691)
Law Debenture Corporation
Ordinary	5p Shares					2,975		21,569	17,562	2,975	23,978	17,562			2,409	851.59
Scottish Mortgage		hivestment		Tt
Ordinar5r	5p Shares					2,450		27,857	3,562	2,450	25,137	3,562			(2,720)	85.51
TOT AL ENDOWMENT			FUNDS		INVESTMENTS			85,639	38,437		78,954	38,437			(6,685)	1,249.10

		Balance				Balance
		1st April	Movement	in	Resources	31st March
		2021	Incoming		Outgoing	2022
			E		E
Endowment	Fund	89,847	1,249		(6,685)	84,411
Restricted	Fund	12,500	8,638		-	21,138
		102,347	9,887		(6,685)	105,549

9. ANALY	SIS OF NET ASSET	S BETWEEN FUNDS
			Other Net	Total	Total
		Investments	Assets	2022	2021
					€
Endowment	Fund	78,954	5,457	84,411	89,847
Restricted	Fund		21,138	22,138	12,500
Unrestricted	Funds
- General		857,405	56,442	913,847	877,325
- Designated		64,546	16,192	80,738	76,203
		1,000,905	99,229	1,100,134	1,055,875

			2022	2021
			E	E
Investment	income		1,739	461
Interest receivable				60
Prize payment			(1,072)
Net gains	on investments		3,868	550
			4,535	1,071
Balance at	ISt April	2021	,76203	,75132
Balance at	31St March	2022	,80738

10. COMPARAT	IVE	AMOUNT	S FOR ST ATEM	ENT OF FINA	NCIAL ACTIVITIE	S
			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Funds	Funds
						2021
INCOME AND
ENDOWMENTS
Voluntary Income:
Grants, legacies	and donations		20,287	5,000		25,287
Investment Income			20,128		786	20,914
Interest Receivable			39			39
Total Income			40,454	5,000	786	46,240
EXPENDITURE
Expenditure on	charitable
activities:
Grants and Donations			64,525			64,525
Administration	and Support		3,783			3,783
Governance-Accountancy
and Legal			1,100			1,100
Total Expenditure			69,408			69,408
Net Operating (Loss)/ Income
For the Year			(28,954)	5,000	786	(23,168)
Net gains on investments
Realised			80,964		11,196	92,160
Unrealised			165,524		28,581	194,105
			246,488		39,777	286,265
Net Incoming Resources		for
the Year			217,534	5,000	40,563	263,097
Balances brought	forward
at 1st April 2020			735,994	7,500	49,284	792,778
Balances carried	fomard
at 31st March 2021			953,528	12,500	89,847	1,055,875

				March	March	March	March	March
				2022	2021	2020	2019	2018
				€	€	€	€
Income
Legacies &	Donations
Unrestricted		St Clements		14,630	14,890	15,990	15,425	14,925
		Fundraising		4,430	1,750	6,656	21,115	21,712
		Gift	Aid	3,895	3,647	4,446	4,708	3,881
		Other					75,000
Total Unrestricted				22,955	20,287	27,092	116,248	4 0,518
Restricted		Haberdashers				1,000	2,000	3,000
		Other		8,638	5,000	7,650	2,500
				31,593	25,287	35,742	120,748	43,518
Investment		Income	& Interest	24,492	20,953	21,345	19,207	18,532
Total Income				56,085	46,240	57,087	139,955	62,050
Expenditure
Pensioner Hatters				13,025	11,775	11,200	12,800	13,600
Other Donations				26,925	52,750	33,995	30,225	21,550
Administration				3,820	3,783	3,770	3,746	3,840
Other				1,156	1,100	1,100	1,348	1,300
Total Expenditure				441926	691408	50,065	481119	40,290
Net Operating Incoming/(Outgoing)				11,159	(23,168)	7,022	91,836	21,760
Investment	gains and		(losses)	33,100	286,265	(87,563)	35,315	26,151
Net Movement		in Funds		44,259	263,097	(80,541)	127,151	47,911
Balances BroughtForward				1,055,875	792,778	873,319	746,168	698,257
Balances Carried Forward				1,100,134	1,055,875	792,778	873,319	746,168
ofwhichUnrestricted				990,690	953,528	735,994	819,963	700,977
Restricted/Endowment				105,461	102,347	56,784	53,356	45,191
REPRESENTED BY
Investments		Unrestricted		922,951	882,166	580,741	666,248	659,974
		Endowment		78,954	85,639	45,981	48,037	42,936
		Total		1,000,905	967,805	626,722	714,285	702,910
Debtor				3,983			75,000	3,881
Cash				96,386	89,170	167,136	85,334	40,827
Other				(1,140)	(1,100)	(1,080)	(1,300)	(1,450)
Total				1,100,134	1,055,875	792,778	873,319	746,168