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 rese￿eS 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