Charity number: 265S79 The Barbers, Company General Charities Trustee's report and financial statements for the year ended 31 August 2025
Contents Page Trustee's Report Independent examine¢s report Statement of financial activitie5 Balance sheet Notes to the financial statements 9-16
The Barbers, Company General Charities Trustee's Report and Financial Statements for the year ended 31 August 2025 TRUSTEE'S REPORT The B3rbers' Company General Charitie5 (the 'charity Ils constituted under a Trust deed dated 23 March 1973 and Is 3 registered charity, number 265579. The Trustee at the date of this report is 'The Master, Governors and Commonalty of the Mystery of Barbers of London Icommonlw called the Barbers, Company) Objective and Activities The principal object of the charity Is to provide grants and general donations for charitable purposes. It makes grants under the two main headings of.. The advancement of education, with a particu13r focu5 on medical education Relief of suffering Financial Review The charity received donations of £238,939 12024.. £161,955), legacies of £8,468 12024,. £25,000) and investment income of £55,86712024.. £56,470). The donation5 figure included a donation into unrestricted funds of listed Investments with a market value of £76,417 from the Barbers, Company12024.. £52,875). It expended £242,85512024.. £248,451) in charit3ble donations and grants. The Trustee continues to have regard to the Charity Commission guidance on public benefit in setting its grant making policies and future plans and is $3tisfied that the grants that have been made provide public benefit to the community. The c43rity primarily makes grants to institutions, but 3 small number of awards are also made to individuals. The majority of the charity's grants are made to those organisations with which it has a long- standing relationship. Other grants and donations are distributed on a discretionary basis to a variety of causes, particularly those charitie5 associated wilh the City of London and the surrounding boroughs. The charity has limited resources and donation5 are therefore targeted to make a real and noticeable difference, This means that, as a rule, 8rants are made to small charitie5 where funds are limited rather than to13rge national charities. Each request is assessed and approved using agreed gLiidelines, whlch emphasise that relièf of need is of paramount Itnportance in all such assessments. Achievements & Performance In 2024125, the charity's main beneficiaries were the following.. King's College London - E50,00012024.. £90,(K)01 The charity has supported students 8t King's College London since 2008, when it launched èn appeal to mark the Barbers, Comp3ny'$ 7(J)' Anniversary in conjur)ction with the Extended Medical Degree PrDgramme IEMDPI at Guy's, King's and St Thomas, Medic81 School. This programme encouraged pupi15 in the inner London boroughs to take up careers in medicine. During 2017118 3 new appeal called Outreach 2020 was set up to expand on this work. The 700 ' Anniversary appeal and the Outreach 2020 appeal were closed in October 2020 and August 2022 respectively. A new 2-year agreement, which continued to support the work of the EMDP Jnd the Outreach for Medicine programmes from unrestricted funds, awarded £80,000 in 2022123 and £90,000 in 2023124. The agreement updated some of the modalities of the support, for example providin8 digital tablets and e-books in lieu of iextbooks, reflecting both student wishes and the evolution of course dclivery. Further donations of E50,000 were agreed for 2024125 and 2025/26, restricted to EMOP.
The Barbers, Company General Charities Trustee's Report and Financial statements for the year ended 31 August 2025 TRUSTEE'S REPORT continued Royal College of Surgeons- E50,00012024.. £50,000> For manyyears, the charity funded the 8arbers' Company Professor of Anatomy at the College. Retirement of the long serving incumbent and an extensive restructuring of the College's appr03ch to learning cre3ted an opportunity for the charity to refDCLJS its support. Between 2019120 and 2021122 it grt]Iiled £50,000 per nnum to fund specific aspects of the College's investigation into emerging technologies and delivery methods of training in surgery. This allowed the College to deliver learning to previously unmet educational eeds 3nd reach trainees, members and fellows more easily. The programrne successfully concluded at the end Df August 2023 with demonstrable success achieved Since 2023124. given the totemic nature of the re13tionship between the College and the Barbers, Company, the charity has provided £50.000 to part- fund ar) eponytnous research fe51owship at the College, 'The Dame Clare Marx Barbers. Company Fellowship,. Phyllis Tuckwell Hospice - £S0,00012024.. £30,000) The hospice was founded by a past Master of the B2rbers' Cornpany, Sir Edward Tuckwell, in memory of his wife. Like all h05pices, Phyllis Tuckwell receives only limited support from public funds and depend5 heavily on voluntary donations. Palliative and respite care are provided at the Hospice. which has 18 beds, a day h05pice Ithe Barbers, Day Care Cenlrel and an outpatient's department. The Hospice also provides hospice care to patients in their own homes. In 2023124 and in 2024125, grants were restricted to funding the h05pice's educational activities that support the national End-of-Life Care Strategy. BMA Charities IMcNee Awards) - £36,00012024,. £nill Awards are made to medical students al Loiidon medical Schools who already have a deEree and do not therefore have access to much of the financial support that 15 available to those studying medicine as a fiist degree. The charity provides this support primarily during the middle three years of the five-year course. The grants are intended to cover the deficit between a student's annu31 income and their outgoings. All applicants are interviewed by the charity before awards are made via the BMA Charitie5. In 2024. this grant was made by the Barbers, Amalgamated Charity. The Barbers, Clinical Nursing Scholarship- £20,00012024.. £20,000) Annual awards are offered to encourage Qualified nurses to undertake research projects in connection with their clinical work, These awards are administered by the University of East Anglia, with members of the Barbers. Company involved in interviewing shortlisted candidates. During 2024125, half of thi5 grant was funded by the Haymarket Charitable Trust (see page 121. School awards and bursarie5 The charity gave a dcnation of £13,800 to St Luke's Primary School, Islington, to fund a specialist sports coach and to support the 'Dreamcatcher5 Programme,, an Inspirational speaker series which introduces pupils to a range ol professional role models. It 3150 awarded £1,50012024.. £3,000) lo the City of London Academy (Southwarkl for bursaries. For many years, the charity has supported pupils at a number of Inner London schools through the provision of awards and prizes. Individual prizes are largely, but not exclusively, targeted to recogriise excellence in STEM subjects or leadership pursuits that might lead to successful entry to further education in medical disciplines. During the year prizes were awarded to 13 schools12024.' 13 schools). The charity's guidelines for charitable giving are reviewed annually by its Charity Committee and any proposed amendment is submitted to the Court of thè Barbers, Company, actin£ for the Trustee, for approv31. Potential applicants C3n check the most recent charity guidance at www.barberscom .or
The Barbers, Company General Charities Trustee's Report and Financial Statements for the year ended 31 August 2025 TRUSTEE'S REPORT continued Investment Review The charity's investment portfolio is managed by Quilter Cheviot. During 2012113, the Trustee agreed a total return approach with its investment managers, The Trustee regards 3% of the base value Df investments as being an appropriate figure to budget for spending out of unrestricted funds. This base value is the value of investments based on the average of the twelve preceding quarters. If in any one year income is below the 3Yo level, funds may be transferred from the Expendable Endowment Fund to make up this shortfall. At 31 August 2025, the market valiJe of the investments w35 £1,966,98612024.. £1,904.8911. The yield on the portfolio for the year wa$ 3Y.12024.. 2.9/0 Rèserves policv At 31 August 2025 the charity held total funds of £2,175,59812024.. £2.054,0431 of which £94,152 12024= £92,017) were restricted and not available for the general purposes of the charity, £1.820,441 12024.. £1,762,158) were expendable endowment fur)ds and £261.00512024.. £199,868) were unrestricted funds (free reserves). The level of free reserves is in line with the Charity s reseeS policy. Adminlstrative cost5 Normally, the charity does not pay any adminigtrative expenses, except for investment management fees and bank charges. All its other costs are borne by the Barbers, Company. During 2024125 it also paid £480 for entry to the London Marathon, to enable a rLJnner to raise funds for the charity. Risk Management The Trustee has assessed the major risks to which the charity 15 exposed, in particular, those related to the operations and finances of the charity and 15 satisfied that systems are in place to mitigate Its exposure. A major financial risk derives from market volatility and the potential knock-on effect on the charity's ability to meet its charitable commitments should markets struggle. The investments are m3n2ged by reputable professional investment managers who adhere to a poliry agreed by the Trustee and the Charity Committee. Regular meetinBs are held with the investment managers and their perform3r)ce and that of the portfolio are monitorecl regularly. whilst various worldwide crises may influence markets, the Trustee does not believe that there is any material risk that the charity could not continue as a going concern. It has sufficient reserves to Cope with any short-teim income loss 3nd charitable spending could be adjusted as necessary. Structure Governance & Mana ement The Trustee is responsible for preparir)8 the Trustee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Gener3lly Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustee to prepare financial statements for each financial year, which 8ive a true and fair view of the gtate of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financi31 st3tements, the Trustee is required to.. Select suitable accounting policies and apply them con51Stently,' observe the methods and principles in Accounting and Reportin8 by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the U K and Republic of I reland IFRS 1021; make judgements and estimates th3t are reasonable and prudent,. state whether applicable United Kingdom accounting standards have been followed, subject to any material departure5 disclosed and explained in the financial statements- and
The Barbers, Company General Charities Trustee's Report and Financial Statements for the year ended 31 Augusl 2025 TRUSTEE'S REPORT continued prepare the financial statements on 3 going concern basis unless it Is inappropriate to presume that the charity will continue in operation. The Trustee is responsible for keeping propèr accounting records that disclose with reasonable accuracy al any time the financi31 position of the charity and enable thern to ensure that the financial statements comply with the Charities Act 2011, the charity IAccounts and Reports) Regulations and the provisions of the trust deed. It 15 31so responsible for safeguarding the assets of the charity ancl hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The m3n3gement OF the charity is the responsibility of the Barbers, Company, and these duties are exercised by all the members of the Court of the Company, with routine charitable mallers being conducted on behalf of the Court by the Charity Committee, Day to day management and administration of the Barbers, Company 15 delegated to its Executive Officer, the Clerk, M J Doran, who also attends all meetings of the Charity Committee. New members Df Court are selected from the Livery of the Company and are elected by ballot by existing Court members. All members of Court are reEularly reminded of their responsibilities by the Clerk who draws their attention to the relevant Charity Commission PLJblications, including 'The Essent131 Trustee.. What you Need to Know, What You Need to Do plus details of the Company's charities, guidelines and objectives. Appropriate training and development are encouraged and supported by the Company. Members of the Court 3nd the Charity Committee are expected to comply with ongoing continual professional development requirements and opportunities are regularly given to attend charity educational training and events. Members of the CDurt of the 8arbers' Company and of the Charity Committee do not receiv& any remuneration or expenses in respect of their duties. The Charity Committee is responsible for the routine administration of the charity and is assisted by the Clerk, The Committee reports to the Court of the Barbers, Company four times a year followin8 Meetings Bt which appeals for f inancial assistancè are considered. The Clerk to the Company and the Chairman of the Charitv Committee conduct a preliminary review of incoming appeals to determine which fall within the limits of the Court's guidelines,. those that qualify are placed on the agenda for further consideration by the Charity Committee at its next meeting. Members ofcourt.. The Members of the Court of the Barbers, Company between the beginning of the financial year and the date that the financial statements were signed were as follows.. Dr A J Michalski Imasterl The Hon Mrs V Lovell S Bhattacharya OG Tomlinson WJ Croser CW Sprague FN Re3d Dr JS Bolton BW Cope JN Rounce GR Preston AE Hoskinson Dr TP Cutler MJB Roberts NJ Goddard Pl Fabricius Dr ME Heber MR KinE TR Lee NJ Gregory PDR Spr3ggs DK Ellis Prof FCT Smith (appointed 14 August 20251 Sir Roger Vickers Iresigned 14 AugLJSt 20251
The Barbers, Company General Charitie5 Trustee's Report and Financial Statements for the year ended 31 August 202S TRUSTEE'S REPORT continued charlt Committee Members: Charity Committee Members between the beginning of the financial year and the date that the financial statements were signed were 35 follows.. Dr AJ Michalski The Hon Mrs V Lovell S Bhattacharya Wl Croser GR Preston Dr ME Heber Ichairman DK Ellis Prof FCT Smith Sl Cooke Dr IH Taylor Al Lye ASE Goddard Reference & Administrative Details Principal Office.. The Barbers, Companv Barber-surgeons, Hall Monkwell Square Wood Street London EC2Y 5BL Bankers: C Hoare & Co 37 Fleet Street London EC4P 4DQ Independent Examiner-. Edward Finch Buzzacott Audit LLP 130 Wood Street London EC2V 6DL Investment Managers: Quilter Cheviot Senator House 85 Queen Victoria Street LondDrE EC4V 4AB This report was approved by the Trustee on 24 February 2026 and signed on its beh31F, by.. Dr ME Heber (Chairman of the Charity Committee)
The Barbers, Company General Charities Trustee's Report and Financial Statements for the year ended 31 August 2025 I ndependent examinerfs report to the Trustee of the Barbers, Company General Charlties I report to the charity Trustee on my examination of the financiBI statement5 of the Barbers, Company General Charities (the ch3rityl for the year ended 31 August 2025. Responsibilities and basis of report As the Trustee of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examlnèrfs statement I h2ve completed tny examination. I confirm that no material matters have come to My attention in connection with the examination giving rne cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act,, or + the financial statements do not accord with those records,. or • the financi31 statÈments do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts JF)d Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which 15 not a matter considered as part of an independent examination. I have no concern5 and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Name.. Edward Finch Relevant professional qu3lification or body.. ICAEW On behalf of Buzzacott Audit LLP charte.red Accountant5 130 Wood Street London EC2V 6DL 3 M Lo£&
The Barbers, Company General Ch3rities Trustee's Report 3nd Financial Statements for the year ended 31 ALJgust 2025 Statement of financial activities for the year ended 31 August 2025 Notes Expendable Endowment Funds 2025 Restricted Fund5 2025 Unrestricted Funds 2025 Total Funds 2025 Income from-. Donations and legacies Investment income 247,407 52,556 299.963 247,407 55,867 303,274 3,311 3,311 Tota5 income Expenditure on: Raisir)g Funds Investment management fees Ch3rit2ble activities Total expenditure Net gains on investments Net income 4,300 282 4,582 243,826 248.408 66,689 121,555 5,000 5,282 4,106 2,135 238,826 238.826 4,300 62,583 58,283 61,137 Total funds at I September 2024 Tot31 funds at 31 August 2025 1,762,158 1,820,441 92,017 94,152 199,868 261.005 2,054,043 2,175,598 Stotement offinancial octivitie5for the yeor ended 31 August2024 Notes Expen¢loble Endowment Funds 2024 Restricted Funds 2024 Unigstricted Funds 2024 Tc>tt71 Funds 2024 Incomefrom.. Donoti(>ns und legt7cies Investment incoffle Total Income Expenditure on.. Raisino Funds Investment munugEmentAee5 choritoble octivities Tot(Fl expenditure Net goin5 on investments Netlncome/{expenditure} 186,955 55,084 240,039 186,955 56,470 243.425 3,386 3,386 9,654 633 10,287 245,887 259,174 159,94Q 144.191 2,500 3,133 9.849 10,102 246,387 246,387 9,654 150,091 140,437 16,3481 Totolfunds ut 15eptember 2023 Totjlfunds ot 31 August 2024 1,621, 721 1, 762,158 81,915 92,017 206,216 199,868 1,909.s52 2,054,043 All activities relate to continuing operations. Tho notes on page5 9 to 16 form part of these financial statements.
The B2rbers' Comp3ny General Charities Trustee's Report and Fin3ncial statements for the year ended 31 August 2025 Balance Sheet As at 31 August 2025 Notes Total Funds Total Funds 2025 2024 Fixed asset5 Investments 1,966,986 1,904,891 Current assets Debtors Cash at bank and in hand 41,521 265,389 306,910 26,473 171,435 197,908 Creditors: amounts falling due within one year Net current assets 198,2981 208,612 148,7561 149,152 Total assets less current liabilities 2,175,598 2,054,043 Funds Expendable endowment funds Restricted f unds Unrestricted fund5 Total funds 819 819 819 1,820,441 94,152 261,005 2.175,598 1,762,158 92,017 199,858 2,054,043 The fin3ncial statements were approved by the Trustee on 24 February 2026 and signed on its behalf, by.. Dr ME Heber (chairman of the Charity Committee) The notes on pages 9 to 16 form part of these financial statements.
The BarLiers' Company General Charities Trustee's Report and Financial statements for the year ended 31 August 2025 Notes to the financial statements for the year ended 31 August 2025 l. Accounting Policies The principal accounting policies adopted, judgements and key Sources of estimation uncertainty in the preparation of the financial statements are as follows.. al Basis of Preparation The financial statements have been prepared in accordance with 'Accounting and Reporting by Charitie5.' Statement of Recommended Practice applicable to charitie5 preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The charity constitutes a Public Benefit Entity a5 defined by FRS 102. The financial statements have been prepared in sterling and rounded to the nearest pound. bl Preparation of the financial statements on a going concern basis The Trustee is Satisfied that the charity is a going concern and has prepared these financial stalements on that basis. The charity has adequate unrestricted reserves to meet its annual commitment5 for the foresee3ble future and also has significant expendable endowment funds which could be spent should the need arise. cl Key estimates and jLtdgements The fin3ncial statements do not contain any material key estimates or judgements. dl Income Donation income is recognised when the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. Investment income, including interest. is recognised when receivable. el Fund accounting Endowment funds are funds that the Trustee is legally required to invèst or to keep and use for the ch2rity'5 purposes. The charity's endowment funds are considered to be expendable, and the Trustee h35 the power to convert these into income should the need arise. However, these funds are distinguishable from 'income' by the 3bsence of a positive duty on the part of the Trustee to apply them for the purposes of the charity, unless and until this power to convert into'income, is actually exercised. In 2013, following a review of the charity s reserves, the Trustee considered the source and intention of the origina5 funds given and decided it was more appropriate to classify part of unrestricted re5eNes as expendable endowment funds. The level of this reserve as at I September 2012 ref lected the amount of unrestricted investment funds at the same date. General funds are unrestricted funds which are available for use Bt the discretion of the Trustee in furtherance of the general objectives of the charity and which have not been designatèd for Other purposes.
The Barbers, Company General Charities Trusteè's Report and Financial Statement5 for the year ended 21 August 2025 Notes to the financial statements for the year ended 31 August 2025 Icontinuedl el Fund accounting Icontinuedl Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors, or which have been raised by the charity for particular purposes. The cost of raising and administering such funds is charged against the specific fund. The aim and use of each restricted fLJnd is set out in the notes lo the fin3ncial statements. fl Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable thal settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following headings: Investment Management Fees include the charity s share of fees charged to collective investments schemes in which it has holdings where these are clearly identifiable. Expenditure on Charitable Activities includes both grants awarded and their associated support costs. I rrecoverable VAT is charged as a cost against the activity for which expenditure was incurred. gl I nvestments Investments are statecl at market value at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluations and disposa15 throughout the year. hl Debtors Trade and other debtors are recognised at the settlement amount due. il Creditors and provisions Creditors ancl provisions are recoEnised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amoLJnt due. io
The Barbers, Company General Charities Trustee's Report and Financial Statements for the year ended 31 August 2025 Notes to the finarscial statements for the year ended 31 August 2025 Icontinuedl Donations & Legacie5 Total funds 2025 Total fund5 2024 Don3tions received and gift aid Donation from Barbers, Company Legacies Total 162,522 76,417 8,468 247,407 108,080 53,875 25.000 186,955 All income was unrestricted. Charitable Activtties Restricted Funds 2025 Unrestricted Funds 2025 Tot31 funds 2025 Grants to individu31s Grants to institutions Support Costs Total 5,000 500 237,355 971 5,500 237.355 971 243,826 5,000 238,826 Grants were made to two individuals from restricted funds and one individual from unrestricted funds. A list of institutional grants is shown overleaf. Restricte Funds 2024 Unrestricted Funds 2Q24 Totf)I funds 2024 Gr(7nts to individua15 Grants to institutions Support Costs Totol 2,500 SQO 245,451 436 246,387 245,451 436 248,887 2,500 Grunts were made to two individualsfrom restricteofunds and one individualfrom unrestrictedfund5. A list of institutional grants is shown overleaf. li
The Barbers, Company General Charitie5 Trustee's Report and Financial Statements for the year ended 31 August 2025 Note5 to the financlal Statements for the year ended 31 August 2025 Icontinuedl ch(Jritt7bleActivitie5 continued Institutional grants 2025 2024 King'5 ColleEe London Royal ColleEe of Surgeons Phyllis Tuckwell Hospice BMA Charlties IMcNee awards) University of East Anglia INJrsin8 scholarships). St Luke's Prirnary School Treloar TrLJSt St Giles Cripplegate British Society of Ga5troentero108y Myantnar Nurses British Orthopaedic Association Maggie's Centres City of London Ac3demy1Southw3rkl' The Lord Mayor's Appeal Doctors, Orchestra (Barbers, staff timel Royal British Legion (Garden of Remembrance) St Paul's Cathedral choir School Foundation Sheriffs, & Recorder's Fund 55AFA Carol Concert Camsight Medical Artists Education Trust ABF The Soldiers, Charity (Big CLJrry Lunch) The Guildhall School Trust (scholarships and bursariesl, Richard Cloudesley School IDEALS MLJSIC Therapy Charity Switch 180 (Snow Camp) Tooting & Balham Sea Cadets Other grants less than £l,WO 50,000 so,0 50,000 36.0 20,WO 13,800 5,390 4,000 3,000 3,000 13,0001 2,592 1,500 1,500 1,043 I,ooo 1,000 1,000 1,0 I,ocK) 1.000 1.000 90,000 50,000 50,000 20,000 5,000 1,000 3,000 3,000 2,496 3,000 1,500 1,033 1,000 1,000 1,000 1,000 1,0 7,3(X) 5,000 2,500 2,000 I,fflo 1,000 2,780 257,209 111,7581 245,451 3,030 248,855 111,5001 237,355 Less 8rants paid by the Haymarket Charitable Trust. Total Institutional Grants During the year, the Haymarket Trust paid £1,50012024.. E3,0001 to flind 3 bursary at the City of London Academy Isouthwarkl. The Trust also contributed £IO,00012024,' £nill towards funding Nursing Scholarships at the University of E3St Anglia. In 2024, the Trust did not part fund the Nursing Scholarship5 but donated £7,300 to the Guildhall School of Music and contributed £1,458 towards school prizes. The Trust does not have its own bank account, and all income is received, and all donations are paid, through the Barbers, Company General Charities, bank account. 12
The B3rbers' Company Gener31 Charities Trustee'5 Report and Financial St3tement5 for the year ended 31 August 2025 Notes to the financial statements for the year ended 31 August 2025 Icontinuedl 4. Trustee reTnuneration During the year, the Trustee did not receive any remLJneration IrDm the charity12024- £nill During the year, the Trustee did not receive any benefits in kind from the charity12024 £nill During the year, the Trustee did not receive any reimbursement of expenses from the charily12024 £nill 5. Fixed asset investments Listed securities Market value At I September 2024 Additions Donation from Barbers, Company Disposals (proceeds £1,979,037. realised gains £33,9691 Unrealised gains At 31 August 2025 Cash awaitlil g investment Total investments 1,892,714 1,909,996 76,417 11,945,068) 32,720 1.966,779 207 1,966,986 Investments at market value comprise: 2025 2024 Listed investments Cash 1,966,779 207 1,966,986 1,892,714 12,177 1,904,891 All fixed asset investments are held in the UK. 2025 2024 Historic81 cost of listed investments 1.909,996 1,614,941 Material Investments All listed investments were held in Quilter Investors Limited QC Global Incorne & Growth Fund. 13
The Barbers, Company Gener31 Charities Trustee's Report and Financial Statement5 for the year ended 31 Au8USt 2025 Notes to the financial statements for the year ended 31 August 2025 Icontinuedl 6. Debtors 2025 2024 Prepayments and accrued income Gift aid recoverable 24,736 16,785 41,521 12,862 13,611 26,473 7. Creditors.- AmoLJnts falling due within one year 2025 2024 Amount due to the Haymarket Charitable Trust Amount due to the Barbers, Amalg3m3ted Charity Accruals and deferred income 14,561 30,837 52,900 98,298 14,557 31,199 3,000 48,756 8. Statement of funds For the year ended 31 August 2025 Brought forward Carried forward Income Expendlture Gains Expendable Endowment 1,762,158 14,3001 62,583 J,820,441 Restricted funds Ronald Raven Bequest 92.017 3,311 15,2821 4,106 94,152 Unrestrlcted fund5 Gener31 funds 199,868 299,963 1238,8261 261.m5 Total funds 2,054,043 303,274 1248,4081 66,689 2,175.598 Expendable Endowment Funds In 2013, following 3 review of the charity's reserves, the Trustee considered the source and intention of the ori8inal funds given and decided it W35 more appropriate to classify part of unrestricted reserves as expendable endowment funds. The level of this reseNe a5 at I September 2012 reflected the amount of unrestricted investment funds at the same date. The movement on this fund reflects the CDSt of investrnent m3nager's fees, gainsllosses on the portfolio Since I September 2012 and any doF)ations to the fund. Restricted Funds The Ronald Raven Bequest aims to provide financial assistance for special training or educational projects proposed by undergraduate or postgraduate medical or surgical students or by members of the Medical Artists, Associ3tion. 14
The Barbers, Company General Charities Trustee's Report and Financial Statements for the year ended 31 Aueust 2025 Notes to the financial statements for the year ended 31 August 2025 Icontinuedl 8. Ststement of funds Icontlnuedl For the yeor ended 31 Atsgust 2024 Brought forward Carried forward Income Expenditure Galns Expendable Endowment 1,621,721 19.6541 150.091 1,762,158 Restrlcted funds Ronald Raven Beqvest 81,915 3,386 13,1331 9,849 92,017 Unrestrirted funds GEneral funds 206,216 240,039 1246,3871 199.868 Total funds 1,909.852 243,425 259,1741 159,940 2,054,043 9. Assets by funds For the year ended 31 August 2025 Expendable Endowment Funds 2025 Restricted Unrestricted Funds Funds 2025 2025 Totsl Fund5 2025 Fixed Assets Investments 1,850,082 116,904 1,966,986 Current Assets Debtors Cash at bank and in hand 882 40,639 265,389 306,028 41,521 265,389 306,910 882 Creditors.. amounts falling due within one year Net current assets 198,2981 198,2981 207,730 205,612 882 Interfund balance Total assets le5S CLJrrent liabilities 129,6411 1,820.441 123,6341 94,152 53,275 261,005 2,175,598 15
The 8arbers' Company General Charities Trustee's Report and Financial Statements for the year ended 31 August 2025 Notes to the financial statements for the year ended 31 August 2025 Icontinuedl 9. Assets by funds Icontinuedl For the yearended 31 August 2024 Expendoble Endowment Funds 2024 Restricted Fund5 2024 Unrestricted Funds 2024 Totol Funds 2024 FlxedA55ets Investments 1,791,811 113,080 1,904,891 Current Assets Debtors Cash ot bL7nk ond in hL7nd 544 25,929 171.435 197,364 26,473 171,435 197.908 544 Creditors.. amountsfalling due within one yeor Net current a55ets (48,756) 148, 756) 148,608 149,152 544 Interfund balance Total (J55ets less current liobllities (29,653) 1,752,158 (21,607) 92,Q17 51,260 199.858 2,054,043 10. Related parties The charity shares a cotnmon Trustee (the Barbers, Company) with the Barbels, Amalgamated Charities anci the Haymarket Charitable Trust. During the year thE Trustee donated listed investmerits with a market value of £76,41712024'. £53,875) to the charity. The Haymarket Charitable Trust has no bank account of its own and all of its income is received, and all of its donations are paid via the 8arbers' Companqs General Charities bank account. Ouring the year grants of EII,50012024.. £11,758) were paid by the charity on behalf of The Haymarket Charitable Trust. Balances due to related parties at the year-end are shown 3t note 7. Professor FCT Smith, a member of the Charity Committee, is Vice President of the Royal College of Suigeons Eng Fellowship Awarding Committee. DK Ellis, also a member of the Charity Committee, is an employee of the U niversity of East Anglia which administers the Nursing Scholarship awards. Professor Smith and Mr Ellis declare their interests and whi15t their opinion might be sought, they are not involved in the decision making or subsequent review of grants made to those organisations. There were no other related p3rty transactions requiring disclosure. 16