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|||Page|
|---|---|---|
|Trustee report||2-8|
|Independent<br>auditors'|report|9-10|
|Statement offinancial|activities||
|Balance sheet||12|
|Notes to the financial|statements|13-25|





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|Statement offina|n|cia|l|activities -|year end|ed 31Marc|h 2022||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||2022|2022|2022|2022|2021|
|||||||Unrestricted|Restricted|Endowment|Total|'I'otal|
|||||||funds|fun&is|fumls|funds|I'unds|
||||||Note|8||||f.|
|Income and endowments||from:|||||||||
|Voluntary<br>income<br>Investment<br>income|||||2<br>3|34,745<br>255,055|12,586<br>30,348||47,331<br>285,403|93.244<br>296i,420|
|Total income||||||289,800|42,934||332,734|389.664|
|Expenditure<br>on:|||||||||||
|Investment<br>management<br>Charitable<br>activities||costs|||4<br>5|388,200|45,998|72,843|72,tl43<br>434,198|63 41G<br>383.174|
|I'otal expenditure||||||388,200|45,998|72,843|507,041|44(i.590|
|Nct (expenditure)/income|||||||||||
|before investment<br>gains||and|losses|||(98,400)|(3,064)|(72,843)|(174,307)|(56,926)|
|Realised gain on investment|||propeny||||||||
|Net realised<br>and unrealised|||gains||||||||
|on investments||||||||94G,253|946,253|3.171,826|
|Total other recognised|gains||and losses|||||946,253|946,253|3.171,826|
|Net (expenditure)/incoine||||||(98,400)|(3,064)|873,410|771,946|3.114,900|
|Transfers between<br>funds||||||100,414||(100,414)|||
|Nct movemcnt<br>in funds||||||2,014|(3,064)|772,99G|771,946|3.114,900|
|'I'otal funds brought<br>forward|||at|I April||19,399|3,825|14.080.758|14.103.982|10,989,082|
|Total funds carried fonvard|||at|31 March||21,413|761|14,853,754|14,875,928|14,103,982|
|Continuing<br>operations|||||||||||





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|2022|2022|2021|2021|
|---|---|---|---|
||10,087||16,413|
||14,836,372||13,961,910|
||14,846,459||13,978,323|
|87,183||77,907||
|||2,497||
|33,164||89,927||
|120,347||170,331||
|(90,878)||(44,672)||
||29,469||125,659|
||14,875,928||14,103,982|
|1,579,549||1,486,677||
|13,274,205||12,594,081||
||14,853,754||14,080,758|
|761||3,825||
|21,413||19,399||
||22,174||23,224|
||14,875,928||14,103.982|






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||||||2022|2022|2022|2022|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted Endowment||1'otal|
||||||funds|fun&i&|fuads|fumls|
||||||f||||
|Voluntary|income - 2022||||||||
|Legacy received|||||||||
|Donations|from members,|The|||||||
|Worshiplul|Company ofSaddlers and others||||580|12,586||13,1GG|
|Donations|from Talk and Tours of||||||||
|Saddlers|ilail||||725|||725|
|Donations|fiom thc Apprenticing||Charity,|Ilorlock Trust|||||
|And Walsall Business Centre for WLSC|||||33,440|||33,440|
||||||34,745|12,586||47331|
||||||2021|2021|2021|2021|
||||||Unrestricted|Restricted|I:,mlowmcnt|1'otal|
||||||funds|funds|fends|funds|
|||||||f|6|8|
|Voluntary|income - 2021||||||||
|Legacy received|||||25.000|||25.000|
|Donations|from members|ofthe|||||||
|Worshipful<br>Company of||Saddlers and others|||60.000|8,144||68.144|
|Donations|from Talk and Tours of||||||||
|Saddlers'|Ilail||||100|||100|
||||||85.100|8.144||93.224|
||||||2022|2022|2022|2022|
||||||Unrestricted|Restricted|Endowment|Total|
||||||funds|funds|funds|funds|
||||||5|5|f|g|
|Investment|income -2022||||||||
|Dividends|and distributions|from|||||||
|investment<br>portfolio|||||255,039|30,345||285,384|
|Interest on|cash on deposit|and at|bank||16|3||19|
|Rent receivable|||||||||
||||||255,055|30,348||285,403|





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||||||||2021|2021|2021|2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Restricted|Endowment|Total|
||||||||funds|funds|funds|funds|
|||||||||5|||
|3.|Iavestment|income||(continued)-2021|||||||
||Dividends|and distributions||||from|||||
||investment|port|folio||||264,919|31,456||296,375|
||Interest on|cash|on deposit|||and at bank|39|6||45|
||Rent receivable||||||||||
||||||||264,958|31,462|—|296,420|
||||||||2022|2022|2022|2022|
||||||||Unrestricted|Restricted|Endowment|Total|
||||||||funds|funds|funds|funds|
|||||||||||5|
|4.|Investment|management||||costs - 2022|||||
||Investment|Managers||fees|||||72,843|72,843|
||||||||2021|2021|2021|2021|
||||||||Unrestricted|Restricted|Endowment|Total|
||||||||funds|funds|funds|fundsf|
||Investment|management||||costs - 2021|||||
||Investment|Managers||fees|||||63,416|63,416|
||||||||2022|2022|2022|2022|
||||||||Unrestricted|Restricted|Endowment|Total|
||||||||funds|funds|funds|funds|
||||||||||8||
||Charitable|activities|||—2022||||||
||Grants payable||||||337,032|40,005||377,037|
||Support costs;||||||||||
||Staffcosts||||||41,546|5,057||46,603|
||Travelling|expenses|||||101|||101|
||IT costs||||||48|||48|
||Bank charges||||||99|96||195|
||Long leasehold||property|||expenditure|||||
||Legal and|professional|||fees||4,533|||4,533|
||Audit fee||||||4,841|840||5,681|
||||||||388,200|45,998||434,198|





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||||||2021|2021|2021|2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Endowment|Total|
||||||funds|funds<br>f|funds|funds|
|Charitable|activities (continued)|||—2021|||||
|Grants payable|||||285,706|37.144||322.850|
|Support costs:|||||||||
|Staffcosts|||||43,996|5.355||49,351|
|Travelling|expenses||||35|||35|
|Bank charges|||||78|||147|
|Long leasehold||properly|expenditure||||||
|I egal and|professional||fees||4.870|||4.870|
|Audit fee|||||5,221|700||5,921|
||||||339,906|43,268||383.174|



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|Tangible<br>fixed a|sset (c|ontinued)|||
|---|---|---|---|---|
||||Watsatl||
||||Training||
||||~Centre|Total|
|||||8|
|Cost|||||
|At<br>1 April 2021|||26,413|26,413|
|Additions|||3,848|3,848|
|Disposals|||||
|At 31 March 2022|||30,261|30,261|
|Depreciation|||||
|At<br>1 April 2021|||10,000|10,000|
|Charge for the year|||10,174|10,174|
|Disposals|||||
|At 31 March 2022|||20,174|20,174|
|Net book value|||||
|At 31 March 2022|||10,087|10,087|
|At 31 March 2021|||16,413|16,413|
||||2022|2021|
||||Total|Total|
||||funds|funds|
|Fixed assets —investment||portfolio|||
|Market value at<br>1 April 2021|||13,961,910|10,929,396|
|Add: Purchases<br>at cost|||1,648,902|3,730,781|
|Less: Equalisation|receipts||(1,874)|(2,177)|
|Less: Sale proceeds|||(1,753,328)(4,106,023)||
|Less; Net realised gains|||375,345|133486|
|Less:Net unreal<br>ised gains|||570,908|3,038,340|
|Movement<br>in cash|held as|part ofportfolio|34,509|238,107|
|Market value at 31|March|2022|14,836,372|13,961,910|
|Cost at 31 March 2022|||12,359,018|12,054,425|





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||||||2022|2021|
|---|---|---|---|---|---|---|
|8.|Debtors||||||
||Sundry|debtors and prepayments|||87,183|77,907|
|9.|Creditors: Amounts||falling due tvithin|one year|2022|2021f|
||Grants|and donations|commitments||||
||Creditors and accrual||s||90,878|44,672|
||||||90,878|44,672|



## 

|donors isn<br>to be held|o longer kno<br> permanently.|wn. th|e|Trustee has concluded<br>that i|t tvas reasonable<br>to assume that the|capital had b|een donated|
|---|---|---|---|---|---|---|---|
||||||2021|2022|2022|
|||||||Movement||
||||||Total|in Year|Totalf|
|Permanent|endotvment|funds|-|2022|1,486,677|92,872|1,579,549|
||||||2020|2021|2021|
|||||||Movement||
||||||Total|in Year|Total|
|Permanent|endowment|1'unds|-|2021|1.156.138|330,539|1,486,677|





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|Expenda|ble||endowment|funds - 2022|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||2021|2022|2022|2022||2022|
|||||||Income|MovementsTransfer||||
||||||||in the||||
||||||||yearf||||
|General|fund||||11,295,310||699278|(100d414)|ild894R174||
|RM Sturdy||fund|||917,465||57,367|—||974,832|
|ME Priestley|||fund||282,785||17,732|||300,517|
|Diamond|Jubilee fund||||98,521||6,161|||104,682|
|Totals|||||12,594,081||780,538|(100,414)|13,274,205||
|Expendable|||endowment|funds - 2021|||||||
||||||2020|2021|2021|2021||2021|
|||||||Income|MovementsTransfer||||
||||||||in the||||
|||||||f|year||||
|General|fund||||8,801,437||2,488,659|5,214|11,295,310||
|RM Sturdy||fund|||713,292||204, 173|—||917,465|
|ME Priestley|||fund||219,887||63,111|(213)||282,785|
|Diamond|Jubilee fund||||76,593||21,928|||98,521|
|Totals|||||9,811,209||2.777,871|5,001|12,594,081||





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|12.|Restricted|funds||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||Restricted|funds -|2022|||||2021|2022|2022|2022|
|||||||||Total|Income|Expenditure|Total|
|||||||||fundsf|||funds<br>f|
||Saddlers'|Company|Members'||Nominated|Charity|fund||11,105|(11,105)||
||The Kaye|s &Labourne's||Charity||||3,825|31,829|(34,893)|761|
||'I'otals|||||||3,825|42,934|(45,998)|761|
||Restricted|funds -|2021|||||2020|2021|2021|2021|
|||||||||Total|Income|Expenditure|Total|
|||||||||fundsf|f||funds<br>g|
||Saddlers'|Company|Members'||Nominated|Charit&|fund||8.144|(8.144)||
||The Kaye's &.Labourne's|||Charity||||7.487|31,462|(35.124)|3.825|
||Totals|||||||7,487|39.606|(43,268)|3,825|





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|13|Designated|Designated|funds|-2022|||2021|2022|2022|2022|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Total|Income|Expenditure|Transfer|Total|
||||||||funds||||funds|
||Diamond|Jubilee fund|||||12,140|2,593|(437)||14,296|
||RM Sturdy fund||||||7,259|18,745|(19,741)||6,263|
||ME Priestley||fund|||||5,794|(4,940)||854|
||Saddlers'|Company||StaffNominated|Charity|fund||725|(725)|||
||Totals||||||19,399|27,857|(25,843)|—|21,413|
||Designated||funds|- 2021|||2020|2021|2021|2021|2021|
||||||||Total|Income|Expenditure|Transfer|Total|
||||||||funds||||funds|
||||||||||||5|
||Diamond|Jubilee fund|||||10,516|2,087|(463)||12,140|
||RM Sturdy fund||||||3,732|19,430|(15,903)||7,259|
||ME Priestley||fund|||||6,006|(6,219)|213||
||Saddlers'|Company||StaffNominated|Charity|fund||100|(100)|||
||Totals||||||14,248|27,623|(22,685)|213|19,399|



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|Unrestricted|funds - 2022|2021|2022|2022|2022|2022|
|---|---|---|---|---|---|---|
|||Total|Income|Expenditure|Transfers|Total|
|||funds||||fundsf|
|General funds|||261,943|(362,357)|100,414||
|Unrestricted|funds - 2021|2020|2021|2021|2021|2021|
|||Total|Income|Expenditure|Transfers|Total|
|||funds||||funds|
|||5|||5|5|
|General funds|||322,435|(317,221)|(5,214)||





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|Analysis||ofnet assets|ofnet assets|ofnet assets|betvveen|betvveen|funds||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Analysis||ofnet assets|||between||funds|- 2022|||||||
|||||||||Permanent||Expendable||||2022|
|||||||||endowment||endowment|Restricted|DesignatedUnrestricted||Total|
||||||||||funds|funds|funds|funds|fund|funds|
||||||||||5||||5||
|Tangible||asset|||||||||||10,087|10,087|
|Investment|||portfolio||||||1,578,783|13,257,589||||14,836,372|
|Debtors|||||||||||5,915|4,006|77,262|87,183|
|Cash on deposit and||||at|bank||||766|16,616|8,178|25,468|(17,864)|33,164|
|Creditors|||||||||||(13,332)|(8,061)|(69,485)|(90,878)|
|Totals|||||||||1,579,549|13,274,205|761|21,413||14,875,928|
|Analysis||ofnet assets|||between||funds|- 2021|||||||
|||||||||Permanent||Expendable||||2021|
|||||||||endovvment||endowment|Restricted|DesignatedUnrestricted||Total|
||||||||||funds|funds|funds|funds|fund|funds|
||||||||||||5|5||5|
|Tangible||asset|||||||||||16,413|16,413|
|Investment|||portfolio||||||1,485,800|12.476,110||||13,961,910|
|Debtors|||||||||||5,959|4,417|67,531|77.907|
|Cash on|deposit and|||at|bank||||877|117.971|7.284|16.653|(50,361)|92,424|
|Creditors|||||||||||(9.418)|(1.671)|(33,583)|(44,672)|
|Totals|||||||||1,486,677|12,594,081|3,825|19,399|—14,103,982||
|Analysis||ofnet assets|||between||charities||||||||
|Analysis||ofnet assets|||between||charities||- 2022||||||
||'||||||||||||||
|I r|||m an|Charitable|||Fund||||||||
|||||||||Permanent||Expendable||||2022|
|||||||||endowment||endowment|Restricted|Designated|Unrestricted|Total|
||||||||||funds|funds|funds|funds|fund|funds|
|||||||||||||5|||
|Tangible||asset|||||||||||10,087|10,087|
|Investment|||portfolio|||||||13,257,589||||13,257,589|
|Debtors|||||||||||891|4,006|77,262|82,159|
|Cash on|deposit and|||at|bank|||||16,616|4,638|25,468|(17,864)|28,858|
|Creditors|||||||||||(Sr529)|(sr061)|(69,485)|(83,075)|
|Totals||||||||||13)274,205||21,413||13,295,618|
|he Ka e||s|&Labourne's|||Charit|||||||||
|||||||||Permanent||Expendable||||2022|
|||||||||endowment||endowment|Restricted|Designated|Unrestricted|Total|
||||||||||funds|funds|funds|funds<br>f|fund<br>f|funds<br>5|
|Investment|||portfolio||||||1,578,783|||||1,578,783|
|Debtors|||||||||||5,024|||5,024|
|Cash on|deposit and|||at|bank||||766||3,540|||4,306|
|Creditors|||||||||||(7,803)|||(7,803)|
|Totals|||||||||1,579,549||761|||1,580,310|





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|Saddlers'|Com|an|Charitable|Fund|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Permanent|Expendable||||2021|
||||||endowment|endowment|Restricted|Designated|Unrestricted|Total|
||||||funds|funds|funds|funds|fund|funds|
|||||||8|||||
|Tangible asset|||||||||16,413|16,413|
|Investment|portfolio|||||12,476,110||||12,476,110|
|Debtors|||||||762|4,417|67.531|72,710|
|Cash on deposit||and|at bank|||117,971|6,162|16,652|(50,360)|90,425|
|Creditors|||||||(6,924)|(1,670)|(33,584)|(42,178)|
|Totals||||||12,594,081||19,399||12,613,480|
|he Ka e's|& Laboume*s Ch ri||||||||||
||||||Permanent|Expendable||||2021|
||||||endowment|endowment|Restricted|Designated|Unrestricted|Total|
||||||funds|funds|funds|funds|fund|funds|
||||||8||||||
|Investment|portfolio||||1,485,800|||||1,485,800|
|Debtors|||||||5,197|||5,197|
|Cash on deposit||and|at bank||877||1,123|||2,000|
|Creditors|||||||(2,495)|||(2,495)|
|Totals|||||1,486,677||3,825|||1,490,502|



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