2023-03-31-accounts - The Feltmakers Charitable Foundation

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

			Notes	Unrestricted	Restricted	Endowment	Total	Total
				Funds	Funds	Funds	Funds	Funds
							2023	2022
				E	f,		;€	€
INCOME AND
ENDOWMENTS
VoIuntary Income:
Grants, legacies	and donations			18,942	14,642		33,584	31,593
Investment Income				25,080		1,376	26,456	24,492
Interest Receivable				245		19	264
Income from Fundraising
Events			4b		15,680		15,680
Total Income				44,267	30,322	1,395	75,984	56,085
EXPENDITURE
Expenditure on	charitable
activities:
Grants and Donations			5	35,175	16,791		51,966	39,950
Administration	and Support			4,324		1,200	5,524	3,820
Governance-Accountancy
and Legal				1,296			1,296	1,156
Expenditure on	Fundraising
activities					33,146		33,146
Total Expenditure			6	40,795	49,937	1,200	91,932	44,926
Net Operating	(Loss)/Income
for the Year				3,472	(19,615)	195	(15,948)	11,159
Net gains/(losses)		on investments
Realised			7
Unrealised			7	(86,731)		(14,669)	(101,400)	33,100
				(86,731)		(14,669)	(101,400)	33,100
Net Incoming/(Outgoing)
Resources for the		Year		(83,259)	(19,615)	(14,474)	(117,348)	44,259
Balances brought		forward
at 1st April 2022				994,585	21,138	84,411	1,100,134	1,055,875
Balances carried		foard
at 31st March 2023				911,326	1,523	69,937	982,786	1,100,134

				Notes
							E
FIXED ASSETS
Investments				7		899,505		1,000,905
	ASSETS
Cash at Bank					37,035		48,259
Cash atStockbrokers					47,506		48,127
Other Debtors							3,983
					,84541		100,369
CREDrI'ORS:Amounts			faning
due wiffiin	one	year
Accruals					,1260		1,140
NET CURRENT		ASSETS				83,281		99,229
TOTAL ASSETS		LESS
CURRENT	LIABIL[
RESERVES
Unrestricted	Funds
- General						834,481		913,847
- Designated				9		76,845		80,738
						911,326		994,585
EndowmentFunds						69,937		84,411
Restricted	Funds					1,523		21,138
				9		,982786

							2023	2022
							E	E
	UNRESTRICTED		FUNDS
	St Clements initiative						13,705	14,630
	The Master's	Charitable			Event
	Other donations						977	4,430
	Legacy						1,000
	Gift Aid recovered			on donations			,3260	,3895
							,18942	,22955
	RESTRICTED	FUNDS
	Donations for	Helen		Arkell			7,500	4,750
	The Masters'	Charitable			Events		3,755
	Liveryman's	Charity		Row
	Source2City						3,350	3,800
	Gift Aid recovered			on donations			37	88
							,14642	,8638
	TOT AI.,						,33584	,31593
4b.	INCOME FROM		FUNDRAISING			EVENTS
	RESTRICTED	FUNDS
	Sale of tickets	to	Master's		Charitable	Event	,15680

						2023		2022
						E
Support	to Pensioner		Hatters:
Grants						12,000	l
Feltmaker Awards:
Feltmaker Design		Award			4,250
Feltmaker Award		- Morley		College	3,000
Morley	College -	HNC	@ 20 Exhibition		500
						7,750		7,250
Other	Grants and	Awards:
Providence Row					3,000			3 000
Treloar	College				3,000			3 000
Lord Mayor's Appeal					4,000			4 000
Milliners'	Covid	Hardship						4,500
Sheriffs'	and Recorder's			Fund	1,000			1000
St Paul's	Cathedral				1,000			1000
St Paul's	Chorister	Trust			1,500			1,500
Helen Arkell Dyslexia					16,791
HMS Lancaster					1 ,500			1,500
United	Guilds				175			175
British	Red Cross				2 50
						32,216		19,675
						51,966		39,950

							NOTE	7 - INVESTMEN	7 - INVESTMEN	IS
							March2022				March2023		REALISED	MOVHMENTIN
DEi AILS						NOMINAL	MARKET	COSar	NOMINAL		MARKET	C()SI'	laROHaIa	UNRHALISI':D		INCOME
							VALUE				V/(I.,UE		/(LOSS)	APPRECIATI(')N
														/(DEPREC	IATION)
							2	5			!E	C	I		r,
UNRESTRICTED		FUNDS
EQUfflES
Artemis	Fund Managers
Income	l Units					32,387	83,948	51,078		32,387	82,257	51,078			(1,691)	3,258.35
BNY Mellon Fund			Maitagers	Newton	Growtl'i
& Income fcir Cliarities						67,534	111,060	64,860		67,534	109,088	64,860			(1,972)	2,400.56
CCLA	Investment		Management	T..td
Income	Security					1,678	33,135	30,000		1,678	31,456	30,000			(1,679)	914.44
fnvesco	Perpetual
Income	Z Units					23,333	49,401	3,500		23,333	48,017	3,500			(1,384)	1,653.28
I,aw Debenture		Corporabon
()rdmary 5p Sliares						12,050	97,123	39,971		12,050	96,641	39,971			(482)	3,630.08
M&G	Cl'iarifui'id
Income	Umts					4,596	72,603	12,623		4,596	68,166	i2,623			(4,437)	3,837.66
M&G	Securities	Mcin Global
Dividei'idI Inc						11,600	34,849	16,838		11,tiOO	34,370	16,838			(479)	1,002.87
Carried	Forward						482,119	218,870			469,995	218,870			('12,124)	16,e+97.24

								Mai'ch2022			March2023		REALiSLD	MOVEMENT	IN
DET AILS							NOMINAL	MARKET	COST	NOMINAI..	MARKET	COST	PROF{T	UNREALISED		INCOME
								VALUE			VAtUE		(LOSS)	AI)I)RECIATION
														/ (DEPRECI ATION)
								5	5
Brougl'it		Forwarc'l						482,119	218,870		469.995	218.870			(12,124)	16,697.24
Personal		AsSets T'rust
Ordinar)y		12.50p Sl'iares		(formerly		€12.50)	142	71,568	42,6b7	14,200	67,805	42,667			(3,763)	994.00
Sarasut	anc'l Partners		LLP
I:ndowment		A GBP	Dis Security				25,600	31,411	30,128	25,600	29J84	30,128			(2,227)	842.24
Sclircider		Oriental
( jrdinary		1 p Shares					12,750	34,552	19,680	12,750	32,959	19,680			(1,593)	1,466.25
Scottish	American		Investment		Co
Ordiiiary		25 Shares					8,700	44,022	39,974	8,700	44,283	39,974			2bl	1,176.68
Scottisli	Mortgage		Investment		Trust
C')rdinary		5p Sliai'es					16,600	170,316	8,509	16,600	112,648	8,509			(57,668)	609.22
Troy Incc'nne and Grciwth				Trust
()rdinary		25p Shares					65,350	50,320	52,688	65,350	46,137	52,688			(4,183)	1,293.94
Value &		Inc'lexed al"rust
(irdinary		lap Shares					15,750	37,643	31,440	15,750	32,209	31,440			(5,434)	2,000.25
TOT AL		UNRESTRICTED			FUNDS	{NVESTMENTS		921,951	443,956		835,220	443,956			(86,731)	25,079.82

							NO]'li7	- INVES'TMENTS	- INVES'TMENTS
							March2022			March2023		REALISHL)	MOVEMENTIN
DF.T AiLS						NOMINAi,	MARKET	C()ST	NOMINAT.	MARKET	COST	PR()FIT	UNREALISED		INCOME
							VALUI'(			VALUE		/(LOSS)	AI)PRl'ClATION
													/(DEPRECI	ATIC')N)
ENDOWMEN"I' raUNDS							42	6		f,	I	1,		l
Aberdxi Asia }'ocu.s		PLC
(formerly	Aberdeen	Stanc'lard		Asian)
()rc'lu'iary	5p Shares					4,875	13,504	b,152	4,875	12,431	6,152			(1,073)	390.00
Hdinburg}i	Worldwide		lnvestment		Trust
()rc'linary	Ip Shares					7,325	16,335	11,161	71325	11,368	]1,161			(4,%7)
Law Delienture Corporaticin
Ordinary	5p Shares					2,975	23,978	17,562	2,975	23,860	17,562			(118)	896.23
Scottisl'i	Mortgage	Investinent		I'rust
('irdinary	5p Sliares					2,450	25,137	3,562	2,450	16,62b	3,562			(8,5]1)	89.92
TOT AL	ENDOWMENT		FUNDS INVESTMENTS				78,954	38,437		64,285	38,437			(14,669)	1,376.15
TOT At	INVESTMENTS						1,000,905	482,393

				Balance				Balance
				1 st April	Movement	in	Resources	31st March
				2 022	Incoming		Outgoing	2023
				E	E		E
Endowment	Fund			84,411	1,395		(15,869)	69,937
Restricted	Funds
Helen	Arkell	Dyslexia	Charity
My Name'5		Doddie	Foundation

			Other	Total	Total
		Investments	Assets	2023	2g22
			E
Endowment	Fund	64,285	5,652	69,937	84,411
Restricted	Funds		1,523	1,523	21,138
Unrestricted	Funds
- General		774,580	59,901	834,481	913,847
- Designated		60,640	16,205	76,845	80,738
		899,505	83,281	982,786	1,100,134

					2022
					;€
Investment		income		1,757	1,739
Interest	receivable
Prize payment				(1,744)	(1,072)
Revaluation		of investments			,3868
				(3,893)	4,535
Balance		at 1'-' April	2022	80,738	,76203
Balance	at 31s' March		2023	7,6845	,80738

			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Funds	Funds
						2022
			E	E	€	€
INCOME AND
ENDOWMENTS
Voluntary Income:
Grants,Iegaciesanddonations			22,955	8,638		31,593
InvestmentIncome			23,243		1,249	24,492
Interest Receivable
Total Income			46,198	8,638	1,249	56,085
EXPENDITURE
Expenditure on	charitable
activities:
Grants and Donations			39,950			39,950
Administration	and Support		3,820			3,820
Governance-Accountancy
and Legal			1,156			1,156
Total Expenditure			44,926			44,926
Net Operating	(Loss)/ Income
For the Year			1,272	8,638	1,249	11,159
Net gains on investments
Realised
Unrealised			39 785		(6,685)	33,100
			39 785		(6,685)	33,100
Net Incoming Resources		for
the Year			41,057	8,638	(5,436)	44,259
Balances brought	forward
at 1st April 2021			953,528	12,500	89,847	1,055,875
Balances carried	foard
at 31st March 2022			994,585	21,138	84,411	1,100,134

					March	March	March	March	March
					2023	2022	2021	2020	2019
					;€	€	;€		;€
Income
Legacies	&	Donations
Unrestricted			St Clements		13,705	14,630	14,890	15,990	15,425
			Fundraising		977	4,430	1,750	6,656	21,115
			Gift	Aid	3,260	3,895	3,647	4,446	4,708
			Other		1,000				75,000
Total Unrestricted					18,942	22,955	20,287	27,092	116,248
Restricted			Haberdashers					1,000	2,000
			Other		30,3-')2	8,638	5,000	7,650	2,500
					49,264	31,593	25,287	35,742	120,748
Investment		Income		& Interest	26,720	24,492	20,953	21,345	19,207
Total Income					75,984	56,085	46,240	57,087	139,955
Expenditure
Pensioner	Hatters				12,000	13,025	11,775	11,200	12,800
Other Donations					39,966	26,925	52,750	33,995	30,225
Administration					5,524	3,820	3,783	3,770	3,746
Otlier					34,442	1,156	1,100	1,100	1,348
TotalExpenditure					91,932	44,926	69,408	50,065	48,119
Net Operating		Incoming/(Outgoing)			(151948)	11,159	(23,168)	7,022	91,836
Investment		gaii'is	and	(losses)	(101,400)	33,100	286,265	(87,563)	35,315
Net Movement			in Funds		(117,348)	44,259	263,097	(80,541)	127,151
Balances	Brought		Forward		1,100,134	1,055,875	792,778	873,319	746,168
Balances	Carried		Forward		982,786	1,100,134	1,055,875	792,7'8	873,319
ofwhichUnrestricted					911,326	990,690	953,528	735,994	819,963
	Restricted/Endowment				71,460	105,461	102,347	56,784	53,356
REPRESENTED			BY
Investments			Unrestricted		835,220	921,951	882,166	580,741	666,248
			Endowment		64,285	78,954	85,639	45,981	48,037
			Total		899,505	1,000,905	967,805	626,722	714,285
Debtor						3,983			75,000
Cash					84,541	96,386	89,170	167,136	85,334
Other					(1,260)	(1,140)	(1,100)	(1,080)	(1,300)
Total					982,786	1,100J34	1,055,875	792,778	873,319