THE WORSHIPFUL COMPANY OF LAUNDERERS
BENEVOLENT TRUST FUND
TRUSTEES, ANNUAL REPORT AND ACCOUNTS
YEAR ENDED 31 MARCH 2024
Registered Charity no 262750

THE WORSHIPFUL COMPANY OF LAUNDERERS BENEVOLENT
TRUST FUND
TRUSTEES, ANNUAL REPORT AND ACCOUNTS
YEAR ENDED 31 MARCH 2024
Contents
Trustees, Annual Report
Report of Independent Examiner
Statement of Financial Activities
Balance Sheet
Notes to the Annual Accounts
8-11
Page I

THE WORSHIPFUL COMPANY OF LAUNDERERS BF,NEVOLENT TRUST FUND
TRUSTEES, ANNUAL REI)ORT
YEAR ENDED 31 MARCH 2024
RF,FERENCE tNFORMATION
The Worshipful Compan>, ol. Launderers Benevoleni Trust Fund (the "Charity") is reui5tered with the Charity Commission
under no ?62750 and is constituted by a Declaration of Trust dated 14 February 1963.
The sole office of the Charity, is at Launderers, 14all. 9 Montague Close. London Bi"idg7e. London SE19DD.
TRUSTEES
The Trustees of tlie Charity are the Master. Deputy Masier and the two Wardens of the The Worsliipful Coinpanj of
Launderers I'the Conipany'l at anv one time. Tlie Coinpan! elect5 and installs its ne￿. Masier and Wardens in Juneljuly each
year. In nornial circumsrances a person will be a member of Master and Wardens l and thu5 a Trusteel for a period of four
years
The current Trustees are as follow5..
Charle5 Betteridge
Simon Fordham
Andreiv Doyle
Graham Oakley
Master
Depu1} Ma51er
Senior Warden
Renier Warden
GOVERNANCE
The Objects of the Benevolent Trust Fund are Set out in the ordinances of the Worshipful Company of Launderers and are
To provide relief10 existing and retired members of the Laundry Industry suffering hardship and io the wives. widows. children.
orphans or oihers depending upon them.,
Education in matters relating to the Craft of l.aundering and kindred oc¢upations (the 'Craft"l and scholarships. prize5 and research in
connnection therewiih, includingF the establishmeni or maintenance of ￿ko0]S or colle(Tes',
Sponsorship for character development schemes for voung person5;
SLJPPOrt for writing Technical Textbooks for the Craft..
Donations to charitable cause5 111 the Citi, ol. London and elsewhere,. and
for any other charitable objeets a5 agreed by rhe Court of the Worshipful Company of Launderer5.
In January 1998 the Laundry and Cleaning Education Trust Fund became a restricted fund of the Charity: this fund has w¢ll defined
objects.
The fund is to be applied in or towards the promotion. encourageinent and improvement of general scientilic and technical knoM,ledgTre
and education of persons engaged in or about to engage in the Laundry and Cleaning Industries, or in any employment manual or
otherwise connected therem'ith.
The traglic death of Murraw Siinpson led to 'The Siinp.%on Memorial Fund being) fomied.
Agreement has been made wilh the Textile Services Association that the administration of the Fund be ca￿led oui as a separate part c>f
the Educaiion Fund. Further details can be seen in Note 1.5 in the notes to the accounts.
A generous glift has enabled tlie Oliver Family Education Fund to be established within the F.ducation Fund. The aiins of the Fund
Shall be lo ofter financial 5upporr to provide industy training events. directed towards leadership and mana&Jement in Ehe firsi instance.
Further details can be seen in note 1.6 in the notes to the accounts.
In March 2002, at the insiigaiion of Past Master Richard OrfoTd, the Charity created a Capital Endomqnent Fund wEth the PUTP05e of
increasinu the Chariti s capital base. There is no separdte g7overning document.. the intentioll is for the capital to be Tetained and the
investment income is credited to the General Fund where it is available for distribution as granrs.
Page 2

THE WORSHIPFUL COMPANY OF LAUTr4DERERS BENEVOLENT TRUST FUND
TRUSTEE%' ANNUAL REPORT (continued)
The Chariti, is admini5trered by two Committees of the Company'.the Benevolent Comtnittee and Ediic3tion Committee.
Durin¥T the year 10 .31 st March 2024 the Benevolellt Conimittee was ehaired bi Past Master Paul Fli(4J 15 and the Fducaiion
Committee by Past Master John Shonfeld.
The Clerk, Margaret Campbell attended mosi of the meetings of the Committees and carried oui the day to day
administration. Accounts are prepared by the Treasurer. t7Enttio Carolyn Denise Shacklady who is also reponsible for
the Annual Report and Accounts.
rhe Trustees employ the services of an independeni Iirm of stockbrokers Mtssrs Ravenscroft Investments IUKI Ltd to
advise them on ihe Manage1￿ent of the Charity's investments. The Charity's inve5tinents are held in colleciive funds in
order ro ensure adequate spread of risk.
MANAGEMENT OF INVESTMENTS
The investments are managed as a sinbFle portfolio having regard to the obje¢tive5 and policies determined by the Trnstees.
In previous accounts the total portfolio has been attributed to the fund5 as if they were separate portfolios. The Trustees
have Teviewed this approach and Consider that it does not reflect the manner in which the total portfolio 15 managed.
Accordingly. in these a¢count5. the year end value of investments attributable to individual funds has been detem)ined by
reference to the attributable perceniage as ai the year end. Income is distributed to each fund according to percentages ai
the Eime. The percentages onl), change ￿1th capital coniribuiions to OT capital withdraThls from the pooled investment fund
Details of the portfolio and the elTective allocation percentag)es are shown in noie 4 on Pa¥e l O.
PUBLIC BENEFIT
Throughout the )'ear. when considering applicaiions for support received by the Chariry. the Trustees kept in mind the
Charity Conimission's giiidgnce on public benefit. ReqLiest5 for sllpport from individuals were consideTered based upon
their ￿50¢latIOn with Craft and their need. wiihout regard lo tlieir gTeographical location or other restriction. Other
chariiies reLeivin¥ gFrants are normallN' based in or have specilic activities within the City of London or within the area of
Southwark.. in these cases. the TTU5tees ensure thai the charities concerned have clearly defined benefits and that ihere are
no obvioug restrTrtions on the availability of such benefils.
The Statement of Financial Acliviries on page 6 show5 that the total income of the Chaiitj. foT the jear atnouiited to
£71,828 (202.3.. £47.0$1), total granis made Ishown in detail in note 21 amouni¢d 10 £36,113 {202R £I1,1801. Diiring
the yeaT the General Fund provided monthly STant5 to I former member of the industry or their dependents.
The market waluation of the Charity'5 invstmenis showed a gain foT the year of £16,381 {2023 Loss £59,756).
RESERVE POLICY
The Trustees have adopted the policy of, wherever possible, spending Ihe annual income of each of ihe funds during the
year. Any uiidi5tributed income for the year is available foT distribution in subsequent years. In addition. the intention i5
to protect the exisiing Lapital base of the Chariry against inflatTron over the inedium term. The Trustees consider that the
prc5ellt reserves of the ￿ndS are the minimutn required to provide sufticieni income from which to Ineet the manj requests
for help made io them.

THE WORSHIPFUL COMPANY OF LAUNDERERS BENEVOLENT TRUST FUND
TRUSTEES, ANNUAL REPORT (continued)
STATEMENT OF TRUSTEES, RESPONSIBII.ITIES
The Trustees are responsible for preparing the Trustees, Report and accoiints in accordance M'ith
applicable law and United Kingdoin Accounting Standards (United Kingdom Generally Accepted
Accounting Practice). Tlie Law applicablc to Cliarities in England & Wale5 requires the Trustees to
prepare accounts for each financial }iear whicli give a true and fair vieNw of the state of affairs of the
Charity and of the incoming resources and applicaiion of resources ol-the C11arit) for tliat period. In
preparinLT tliese accounts, the Trustees are requtred to..
select suitable accollniing policies and then applv thein consistently,.
observe tlie methods and principles in tlie Charities SORP;
make judgements and estimate5 tl)at are resonable and prudent-
state wliether applicable accounting standards have been followed. subjeci to any material departures
disclosed and explained in the accounts- and
prcparc tlie accouiits on the going concern b￿15 unless it is inappropriate to presume that the Charity
will ¢ontiniie in bLisiness.
COURT OF ASSISTANTS RESPONSIBILITES
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the Charit! and enable tliem to ensure tliat the financial
statements comply ￿'It]i the Cliarities Act •OI I, the Charity, (Accounts and Reports } Regulations 2008
and tlie provisions of the I'rust Deed. The}, are also responsible for safegiuardingi the assets of ihe
Cliarity and hence for taking reasonable step5 for the prevenEion and deteclion of fraud and other
irregularities.
The Truste¢s confirtn that the Charity's assels are available and adequate to fulfil the obligations of the
Charit),.
Approved bj the Trustees and signed for on their behalf on...................-.-...........
Simon Fordham
Deputy Master
Carolyn Denise Sliackl
Treasurer
Page 4

THF. WORSHIPFI'L CO￿lP￿t*y OF L,II'%DFRERS BEIEI'OLENT TR(IST Fl'f4D
TRI',S'l'b'F-S' ANNI:.AL REPORT AID ACCOLITS
YF.AR ENDEDJI MARCH 2024
INDEPENDENT EXAMINTER'S REPORT TO THE TRLISTEES OF
THE WORSHIPFIIL COMPANY OF LAIINDERERS BEP4EN'OI.FNT TRIIST FVND
I re￿)rt ￿ the trU￿eeS on mi ei&min#iii?n ()f thc accounts ol'ThL Wi)r%hiplul C'i)mpany ()I' l.aundercr5
IlcnD"olent Trusi Fund for ihL ￿Lur LndLd 31 Mdrch 2(124.
Respeetive re5ponslb&lltits of trustees and ti8miner
A5 Ihc Chariti'% Iru51Ll￿ lou rcsr&>n%ihlL fi)r ihL pLrpa￿i￿ ofthe aLcounts in OCCOTd&nce ivith ihc
r¢4uireTn¢n15 01-Ihe Chari¢i¢s ALL 2011 1.the Aa").
I report in respe¢1 of mi, c¥amination ofihe Trust's accounts carried out under section 145 of thc 2011 and
in ¢arr¥'ing ooui m). cxaminuii()n. I huiL' li)11(ii%'ed all the applicablc Dire¢tion5 8iNen b% th¢ Chariires
Commi%sinn undcr %tLlion 1451511bl ol'ihc Act.
Indtptndent Examiners Sifttement
I Li)mpletLyJ ni! examinuliiiii. l LX)nlimi that no material matter8 huvL L(ImL lu MJ atieniivn in connecti
iih the ewllination ilhich gii'c5 ML cause LO belieie that in. ttn) maicriiil r¥%pLCI'.
the accouniin¥ ￿￿()Td$ ii'ere noi k¢p¢ in accordance i4ith section 130 of the Charilir5 Act: or
thc accounts did nvt ucLwd 14.iih the accounlino records- or
lh¢ accounis did noi compli M'iih ihe dpplicable requiremenis con¢eming the torni and conlcnt
018ccollnL8 sei i)ut in Ihe Qhariiie5 IAccounts and Re5xI]tsl Regulaiions 2￿)8 (Iihcr Ihan any
rryuiremcni thai Ihe accounts 8ll"¢ o'iruc and faitr iihicb is Mt a mailer ¢vnsid￿£d &s
part ot'an indepEndenl exuminuiion.
I haNe no concern% Jnd hui'e com¢ aicr05 no oihcr rnatiers in ¢onncction Ii'iih th¢ eiamination io
hiLh atl¢ntion should be d1￿%￿n in thi5 rL'port in vrder to enable a proper undLr51andinB Of the accouD
chcd.
Ssrd FITOiin l.'CA
Kings CAP l.td
4 tiroi"elands
Boundar%" Wai
Hemrl Fletnp51ead
Hcrtli)rdshirr
14P2 7TE
Dute..
16 January 2025
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THE WORSEIIPFUL COMPANY OF LAUNDF.RERS BENEVOLENT TRUST FUND
NOTES TO THE ACCOUNTS
YEAR EINDED 31 MARCH 2024
I ACCOUN'I'INCJ POLICIES
1.1 Accnunting Convention
Tk priniipal ilccounling pulicies applied iii the preparation nt'lhe5¢ accounis gsc sei oui bLlow. TIK'SL. F¥)licie5 haN'e l)ccn con￿l￿entIN. &pplicd to all the
Year￿ pr¢senied. unltss oih¢¥4'ise siaied.
'I'hL' FinanLial statement5 have ￿en pr¢par¢d in accordancc ￿1th Accounting and Reporting b) Charili&s'.%iatenient ot'RtcomTnendtd Prauicc applicable
10 chariiiLs prLparing IhLif aLL¥)iinis in dLLurdance with ihe l.'inancig1 Reporting %landards. applitablL 10 the UK and Republic uf Ireland IFKS1021-
ILlleLlive 20151- Lliarltla￿ %()RP IfRS10211.
1.2 L£gaciL% and Other Gifts
L¢8a¢ie% and i)th¥r yifts *e re£ognised on r&eipt
1.3 Grants
Ornnis are accolin1￿ foron a L*5h b&sis
.4 Lapiral r.ndO￿'lD¢nr Fiind
ThL Capiial Endvwinenl Fund is nut suhjecl lo a separwe goi'eming documLnl.' Ihc iniL'niion is lor the capilal ia he relEun¢d and thai ink¢4tnKnt
inLume 1% di%btrihut¢d ￿ grants &ia the O¢neral Fund. Aucordingls the iniesimeni inLY)me is credited dir£a io the GCn￿al Fund.
1.5 MU￿! Stmpson Memvrial Fiind
The uiillrntl￿ tragic deaih of NlurraN Simpson shomed a groundsilell uf ￿uPport lo cregt¢ a I￿lIng Icgaci. for Murra). Discussions ii'ith thc'lLTrlilc
Ser¥iLes AssuciaEian and the Il'or￿h1PIul Compank of Launderers WLL,d Ihdi the LaLinderers BeneNolent Trund iigs b¢si placed lor Ihc adminisirniion of
Ihl Fund.
The agrctJrLni wilh the TSA inLliide% the falloi¥ing terms..
ThL fund would onl) be used lor £upporriiig the T￿[11¢ RLiiial ManagemLnt Cvurse in 50tne ivak. b¢ that a scholarqhip genwal subsidN or somt other
In¢ans. so Ihai it is ￿'ithin Ihe BL￿L￿Olen1 EduLaiiun bund.
A Sep￿&￿1¢ c&t¢gork ikould ￿ tsiabli%lied as a subsidiary LalLgor¥ ul'ihe EduLaliun I ru.41
Siirplu% funds i%'ould be iThi¢sied iii liiie 141111 the S￿￿e principlLb ddopiL'd bN- Ihe Tru5L e.g. ￿tth RaTr¢nsmft.
DiSEK)siliuns WLiuld be ddmini%terd h>- lh¢ F.ducaiion Cominiiice taking the adNiLY vf the Fund Lnmiiiiti¢¢.
The F'und Coinmitttt will compri£¢. I"%A Lhairman. TSA TrLasur¢r. The Masier. and the.fre&￿Urer of the Worsliipl'ul Conip8mK' of Laundettrs and a
repr¢5¢n￿lI￿e ofilK" familN'. Pas1 Mastcr Marh'n l.ewis.
.6 OliNer Farnil}' Education j.rusi
A glneruus diinalion h85 ¢nabled the follo￿Ing lund with Ihe Education Comrnittec to b¢ sel up. The aim af (he fund is to proi'tde linancial suppori io
pro￿ld¢ indus1rn training CVLMIS. dirL'Lted le￿er£hIP And manag¢minr in ihc tirst insianee
All monies i%'ill be held on kliall'of Ihc Fund b) Ihe Ihe W0￿h1P￿1 LottTrp8nN ot L.aundcrcr5 Bmc¥'oleni Trust Fund I Ihe"fSLnevolenl TTU51"1 in a
SLparaiL sU￿L￿tl￿1￿)ry of thc Ediication"Frusi.
The original Ein Hill be inNesled in CilTnmon ￿1th the praciic¢5 adopiLd b) Ihe Benevulenl'I"￿t and ￿n￿ incom¢ g¢n¢rai¢d will bt credired 10 Ihe Fund's
De8ionattd Account.
PropD4¢d diqpofiilions trom ihc Fund ￿111 be reeotniiiended bk the Lommitre£ to ihe EdLJcation CommiiiLL vfihL' l.£undLYers I lhe"EduL￿i1On
ConimiiiL'L"l and %uLh rcc0mn￿datI￿I1fi ￿,111 be aciioned b) rhc F.ducation Committee unles% iu do so i¥"ould brcach the ierms oflhL Education Trust
Whilsi li is Ihe inieniiun lu tnak"¢ disposition5 onli. out of income there shall k. no resiriLiott on the ot single dispo￿lOn nor on the aggrLyie
of di4po4ition5 in an¥ period ofiime.
As the aiins ot'rhe Fund tall ￿'ithIn the Chariiable purpo.se4 otr the F.ducation Trust ind1K'idu￿ Loniribulions mal" be uiid¢r Cjift Aid 3nd the
rclaled t&x will claimed b). Ihc Education Trnsi and credited ta the Fund's De51gnated Accouni.
The Tre&8urer of th¢ l.aunder¢￿ i￿111 provide reports io IhL CummillLYS al the sarne linie ELS reports art prO￿lded ro ihe EdLILalion Comrnittee for its
regular tneilings ii,hich are eurrenilN' nurmall%' held in Januarv. March. June and Ociober.
Tht ComminiE ¥%ill comprise".
Thi ￿￿￿￿￿[￿1.the LdundereT&"I he"[r¢￿urcy of thc Laundcrers. RogL* Oli%'cT and iniliallv ￿d￿lE0r￿. stuart 13oNd and John Shonfcld
Page 8

2. GRANTS
2.1. General Fund
2024
2023
Individuals related to the Laundry Industry
1,689
1.380
Cil)- rclated causes .
"rerloar's -Frust
Chrisi's Hospital School
1,000
4,000
4.000
Oth¢r cause5
Action for Refugee's
Alzheimers Society
Aphasia Re-connect
Asthma Relief Southwark
Bede House Association
Blind in Business
Blind Velerans
Children Ahead
Cracker Jack
DEC re Syria
Dementia UK
Disneyland ChildreD'5 Taxi Tour
Fashion and Textiles
Listening Books Southwark
Liverpool Community
London Air Ambulance
Loug,hborough Junci
Magical Taxi
Mercers No Going Back
Multiple Sjstem AtP
Oasis
Outward Bound
Pecan
Red Cross
500
1,000
500
1,000
1,000
1,000
1.000
1,000
1.500
950
1,000
6,000
2.000
1.400
250
500
250
1.000
I,000
1.500
1.000
1.000
500
1,000
1,000
500
500
500
500
1,000
1,000
250
1,000
Southside YoLmg
Southwark Cathedral
The Clink Chariti,
Total Grants from General Fund
20J89
2),780
Page 9

THE WORSHIPFUL COMPANY OF LAUNDF.RF.RS BENEVOLENT TRUST FUND
YEAR ENDED 31 MARCH 2024
2.2 Launderers & Cleaners Education Trust
2024
2023
Launderers & Cleaners Education Trust
Attendees - TSA ManagJement Course
Travell ing Scholarship
Christ's l-lospital
Northumbria University
2,400
2.400
3.000
5,400
3,000
5,400
3. FIXED ASSET INVESTMENTS: GLAZIERS HALL LIMITED ("GHL")
I Voting Ordinary Share of £25.000
2 Non-voiing 'A'OrdinÉiry Shares of £7,500
2,000 £1 Preference Shares
Both classes of Ordinary Share ￿￿ere bequeaihed to ihe Trusi from the Estate of Liveryman Stanley Newbury. The
PrefeFence Shares were donated to the Trust bj Pa51 Master Nlichael Bennett. INO cost was InCur￿d In the acquisition
of any of the shares and no value has been attributed th¢￿t0.
The Ordinary shares give rise to certain entitlements for the use of Glazier5 Hall. the benefjt of which, together with
any a550ciat¢d liabilitie5 for running expenses, have been assigned to the WoT5hipful Cornpanv of LaulldereTS.
4. TRUSTEES REMUNEIL4TION
The Trustees received no remuneration or reimbursement of expenses in this or the previous
year.
5. CURRENT BANK BALANCES
The Curreni Bank Balai)ces shown in toial as £)5:070 is kept in accounis w'ith HSBC and the
Bank Df Scotland. Included within Ravenscrofi Invesiments UK Ltd are cash balances
amounting to £17,6J4.
6. TAX RECOVEIL4BLE FROM HMRC IN RESPECT OF GIFT AID RECEIPTS
The income tax recoverable for ihe Cur￿nt vear is noi included in the tinancial statements as a
claiin lias yet to be made.
Page 10

7. FIXF.D ASSET INVF.STMF.NTS: MARKETABLE SECURITIES
2024
2024
2023
Market
Value
Market
Value
Cost
Cost
Allianz UK & Eiirope
Aw¢ UK R¢it
Browii Advisory
Cqs New City, High
Digital 9 Infrastr
FideliTh' Ini'st Fds
First Seiitier
Gore Str¢¢ En¢rgy
Greeii¢oal UK Wind
GLiardcap
Guiiiess Global Eqiiity
Hcrald Inv Trust
IFSL Global
Morgan Stanley Emerging
Murra￿. Iiitl
Nb PrI￿ate Eqiiity
Niiiety One Fd- UK Income
Niiiety One Global Equity
Pershing
Pictet
Polar Capital
Polar Capital - UK Gro￿th
Prusik Asiaii
Ratlibone Ethical Bond
Regioiial Reit
Royal Loiidoii Bond
Royal Loiid UK Equity
Sanlain Global
Schroder Strat
TId¢￿'aY UCITS
Tweiity. Foiir Global Bond
UK Goi't
Vpc Specialty Lend
15.958
15.790
2(1.813
2(1,333
15.146
13.728
17,246
17.612
15,790
14,736
20,334
31.728
16.779
19,247
41,775
21,330
24,827
39.928
36.308
23.013
26,587
27,959
27.195
21.124
22,800
45,543
20.394
15,886
29,211
32.746
26.587
27,960
27,195
26.437
43,145
22,799
41.714
28.809
37,995
20,037
46.156
21,387
21,925
45,880
17,575
46.161
35,125
48.282
28.964
22.026
20,036
24,850
40,250
21,683
21,199
22,454
29,565
21,854
27.108
45,712
18.093
21,199
2*,454
45,353
18.695
41,850
19.361
44,323
19.882
20,?58
43,316
36,313
10,840
17,536
42,788
?0,257
43,315
18.310
19.456
23,036
17.999
45,502
23.830
14,737
24,279
23,036
19.663
15,698
22,167
19,196
22.515
10,070
19,196
14,440
Total
General Fund
Capital Endowment Fuiid
Launderers & Cleai)¢rs Edllcation Trust
Murra}, Siinpson Fund
Oliver Famil)" Trust
678.710
704.
706.491
.7/0
7.70/0
688.430
J90.0?2
52.788
183.918
13,073
48,628
7.70/,
26.70/0
1.90/0
7.10/0
54,059
188.325
13,391
49.760
7.1%
Page 11