## 

|General<br>Information|||
|---|---|---|
|Trustee's<br>Report||2-5|
|Independent<br>Auditor's|Report|6-8|
|Financial Statements|||
|Statement of Financial|Activities||
|Balance Sheet||10|
|Cash flow statement|||
|Notes to the Financial|Statements|12-18|





## 

|Full Name:||The Weavers'<br>Company|The Weavers'<br>Company|The Weavers'<br>Company|The Weavers'<br>Company|Benevolent|Fund|
|---|---|---|---|---|---|---|---|
|Registered|Number:|266189||||||
|Governing|Instrument:|Trust deed dated 5||June||1973||
|Trustee:||Worshipful<br>Company|||of|Weavers||
|Registered|Address:|Saddlers'<br>House||||||
|||Gutter Lane||||||
|||London||||||
|||EC2V 6BR||||||
|Telephone;||02076061155||||||
|Email:||weaversoweavers.||org.||uk||
|Website:||www. weavers. org.uk||||||
|Clerk to the Trustee:||James Gaselee||||||
|Bankers:||C Hoare Ik Co||||||
|||37 Fleet Street||||||
|||London||||||
|||EC4P 4DQ||||||
|Investment|Advisors:|Brewin Dolphin|Ltd|||||
|||12Smithfield<br>Street||||||
|||London||||||
|||EC1A 9BD||||||
|Solicitors;||Lee Bolton Monier-Williams||||||
|||1The Sanctuary||||||
|||London||||||
|||SW1P 3JT||||||
|Auditors:||Haysmacintyre|LLP|||||
|||10Queen Street Place||||||
|||London||||||
|||EC4R 1AG||||||





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|||Notes|Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|||
||||2022|2022|2022|2021|
||||||f|f|
|Income from:|||||||
|Donations<br>and legacies||2|20,500|165,954|186,454|190,483|
|Investment<br>income||||466,845|466,845|473,055|
|Total income|||20,500|632,799|653,299|663,538|
|Expenditure<br>on:|||||||
|Investment<br>management|fees|||45,368|45,368|42,505|
|Charitable<br>activities —grant|making||||||
|Grants and donations||3.1||511,027|511,027|451,712|
|Support costs ofgrant making||3.2||80,661|80,661|75,838|
|Total expenditure||||637,056|637,056|570,055|
|Net (losses)/gains<br>on investments||||(2,104,282)|(2,104,282)|1,901,577|
|Net income/(expenditure)|for the||20,500|(2,108,539)|(2,088,039)|1,995,060|
|year|||||||
|Reconciliation<br>of Funds|||||||
|Funds brought<br>fonvard||||17,587,964|17,587,964|15,592,904|
|Funds carried forward|||20,500|15,479,425|15,499,925|17,587,964|





## 

|||Notes|2022|2022|2021|2021|
|---|---|---|---|---|---|---|
|Fixed Assets|||||||
|Investments||||15,288,755||17,228,603|
|Programme<br>Related lnvestment-|||||||
|Concessionary<br>loan to Weavers'|||||||
|Almshouse<br>Charities||||65,000||80,000|
|Current Assets|||||||
|Debtors||6|14,616||27,588||
|Cash at bank and in hand|||254,724||362,146||
||||269,340||389,734||
|Creditors|||||||
|Amounts<br>falling due within one year||7|(123,170)||(110,373)||
|Net current assets||||146,170||279,361|
|Total assets less current|liabilities|||15,499,925||17,587,964|
|Funds|||||||
|Restricted<br>Funds||||20,500|||
|Genera<br>I Funds||||14,640,534||16,711,752|
|Designated<br>Funds||||838,891||876,212|
|Total||||15,499,925||17,587,964|





## 

|||||2022|2021|
|---|---|---|---|---|---|
|Cash flows from operating<br>activities||||||
|Net cash used<br>in operating<br>activities||||(392,103)|(369,599)|
|Cash flows from investing<br>activities||||||
|Investment<br>income received||||466,845|473,055|
|Purchase of investments||||(750,579)|(2,358,928)|
|Transfer of investments<br>from Weavers'<br>Company||||(101,585)|(74,805)|
|Sale of investments||||655,000|2,418,976|
|Repayment<br>of Programme<br>Related||Investment||15,000|15,000|
|Net cash provided<br>by investing<br>activities||||284,681|473,298|
|Change<br>in cash and cash equivalents||in the year||(107,422)|103,699|
|Cash and cash equivalents<br>at the start ofthe year||||362,146|258,447|
|Cash and cash equivalents<br>at the end||ofthe year||254,724|362,146|
|econciliation<br>ofnet movements<br>in|funds to net cash provided||by operating|activities||
|||||2022|2021|
|Net (expenditure)/income<br>for the year (as per the SOFA)||||(2,088,039)|1,995,060|
|Adjustments<br>for:||||||
|Losses/(Gains)<br>on investments||||2,104,282|(1,901,577)|
|Investment<br>income||||(466,845)|(473,055)|
|Decrease/(Increase)<br>in debtors||||12,972|(21,585)|
|Increase/(Decrease)<br>in creditors||||12,797|44,242|
|Decrease/(Increase)<br>in investment|cash|||32,730|(12,684)|
|Net cash used<br>in operating<br>activities||||(392,103)|(369,599)|



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|||||||Restricted|Unrestricted|Tata I|Tota I|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|||
|||||||2022|2022|2022|2021|
|||||||f|f|f|f|
|Donations|from|the||Worshipful||||||
|Company|of Weavers'||General||Fund|10,286|101,585|111,871|144,475|
|Donation|from|the||Clothworkers'||||||
|Foundation|||||||39,377|39,377|22,500|
|Legacies|||||||7,907|7,907|5,000|
|Other donations||||||10,214|17,085|27,299|18,508|
|||||||20,500|165,954|186,454|190,483|



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|||2022|2021|
|---|---|---|---|
|||f|E|
|Quotedi nvestments:||||
|Marketvalue<br>b/f||17,112,975|15,196,641|
|Additions<br>at cost||750,579|2,358,928|
|Transfer from Weavers'|Company|101,585|74,805|
|Disposal proceeds||(655,000)|(2,418,976)|
|Realised<br>gains||13,072|229,613|
|Linrealised<br>(fosses)/gains||(2,117,354)|1,671,964|
|Market value c/f||15,205,857|17,112,975|
|Short-term<br>cash deposits||82,898|115,628|
|Total market value at 31December||15,288,755|17,228,603|
|Historic cost at 31December||10,148,406|9,874,232|
|Excess over cost at 31December||5,140,349|7,354,371|



## 

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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||f|f|
|Gift aid recoverable||||||2,495|2,288|
|Prepayments|and accrued income|||||12,121|25,300|
|||||||14,616|27,588|
|Creditors due||within|one year|||||
|||||||2022|2021|
|||||||f|6|
|Related party|creditors:|||||||
|Weavers'|Almshouse|||Charities||564|520|
|Weavers'|General||Fund|||10||
|Accrued grant||commitments|||(see note 8)|96,192|92,386|
|Other creditors||and|accruals|||26,404|17,467|
|||||||123,170|110,373|



## 



## 

|rovided<br>for|from t|he cur|rent or previous|years' income|, but not p|aid at the year-|end<br>are:|
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||f|f|
|Support for Education<br>Student placements|||Awards|||73,192<br>6,000|66,386<br>7,500|
|Other Textile Fund grants|||||||11,500|
|Charitable|Grant|Fund|grants|||17,000|7,000|
|||||||96,192|92,386|
|. Summary|of Funds|||||||
||||Brought|Transfers|Income|Expenditure|Investment<br>Carried|
||||forward||||losses<br>forward|
||||2022<br>f|2022<br>f|2022<br>f|2022<br>f|2022<br>f<br>2022<br>f|
|Restricted|Funds||||20,500||20,500|
|Designated|Funds||876,212|500,000|89,692|(512,872)|(114,141)<br>838,891|
|General<br>Funds|||16,711,752|(500,000)|543,107|(124,184)|(1,990,141)<br>14,640,534|
|Total unrestricted||funds|17,587,964||653,299|637,056|(2,104,282)<br>15,499,925|



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|||||Charitable|Millenial|Primary|Textile|Total|
|---|---|---|---|---|---|---|---|---|
|||||Grants||Schools|||
|||||2022|2022|2022|2022|2022|
|||||E|E|f|f|E|
|Income|||||||||
|Voluntary<br>income|||||23,992|1,000|39,377|64,369|
|Investment<br>income|||||25,323|||25,323|
|Grant allocation|from unrestricted||fund|220,000||60,000|220,000|500,000|
|Total income||||220,000|49,315|61,000|259,377|589,692|
|Expenditure|||||||||
|Grants per Annual||Report||(221,928)||(49,363)|(239,736)|(511,027)|
|Support costs|||||||(1,845)|(1,845)|
|Total expenditure||||(221,928)||(49,363)|(241,581)|(512,872)|
|(Deficit)/Surplus||||(1,928)|49,315|11,637|17,796|76,820|
|Income balance|b/f|||5,865||6,675|34,378|46,918|
|Capital balance|b/f||||829,294|||829,294|
|Investment<br>losses|||||(114,141)|||(114,141)|
|Total designated|fund c/f|||3,937|764,468|18,312|52,174|838,891|





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||||Brought|Brought|Transfers<br>Income<br>Expenditure|Transfers<br>Income<br>Expenditure|Transfers<br>Income<br>Expenditure|Transfers<br>Income<br>Expenditure|Investment|Carried|Carried|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||forward||||||Gains|forward||
|||||2021||2021|2021|2021|2021|2021||
|||||E||E|f|E|f||f|
|Designated<br>Funds|||720,060||(450,031)<br>460,000<br>67,806||||78,377|876,212||
|General<br>Funds|||14,872,844||(120,024)<br>(460,000)<br>595,732||||1,823,200|16,711,7||
|Total unrestricted||funds|15,592,904|||663,538<br>(570,055)|||1,901,577|17,587,9||
|Summary<br>of Designated|||Funds|for the|year|ended 31|December<br>2021 (for comparative|||||
|purposes)||||||||||||
|||||||Charitable|Millenial|Primary|Textile|Total||
|||||||Grants||Schools||||
|||||||2021|2021|2021|2021|2021||
|||||||E|f|E|f|f||
|Income||||||||||||
|Voluntary<br>income|||||||21,308|4,500|22,500|48,308||
|Investment<br>income|||||||19,498|||19,498||
|Grant allocation|from unrestricted|||fund||200,000||60,000|200,000|460,000||
|Total income||||||200,000|40,806|64,500|222,500|527,806||
|Expenditure||||||||||||
|Grants||||||201,813||49,099|197,800|448,712||
|Support costs|||||||||1,319|1,319||
|Total expenditure||||||201,813||49,099|199,119|450,031||
|(Deficit)/Surplus||||||(1,813)|40,806|15,401|23,381|77,775||
|Income balance|b/f|||||7,678||(8,726)|10,997|9,949||
|Capital balance|b/f||||||710,111|||710,111||
|Investment<br>gains|||||||78,377|||78,377||
|Total designated||fund c/f||||5,865|829,294|6,675|34,378|876,212||





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## 

|Assessment<br>Visits|
|---|
|Members ofthe Company<br>are invited to visit charities<br>which|
|have applied<br>for major grants<br>with their reports<br>forming<br>an|
|important<br>part<br>of the<br>assessment<br>process.<br>Many<br>have|
|continued<br>to keep<br>in touch<br>with<br>the projects,<br>which<br>have|
|derived<br>great benefit from their personal<br>support.<br>This close|
|involvement<br>is also ofgreat value to the Company.|
|Applications|
|The Company<br>is willing<br>to consider<br>applications<br>from<br>all|
|regions<br>of<br>the<br>UK<br>and<br>prospective<br>applicants<br>may|
|download<br>both<br>the<br>Guidelines<br>and<br>Application<br>Form<br>at|
|www. weavers. or<br>.uk.<br>Prospective<br>applicants<br>are<br>strongly|
|urged<br>to study<br>the guidelines<br>carefully<br>before<br>proceeding|
|but many continue<br>to rely on the limited<br>information<br>given<br>in|
|(often<br>out-dated)<br>directories<br>of<br>grant-giving<br>trusts<br>and|
|consequently<br>submit<br>proposals<br>which<br>do<br>not<br>meet<br>our|
|criteria; a sad waste oftime and resources.|
|Monitoring<br>and Evaluation|
|The Company<br>maintains<br>contact with successful<br>applicants|
|and<br>monitors<br>their<br>projects<br>through<br>regular<br>progress|
|reports.<br>Some of the work<br>supported<br>by the Company<br>is|
|also<br>independently<br>evaluated;<br>these<br>reports<br>and|
|evaluations<br>inform<br>grant-making<br>policy<br>and<br>disseminate|
|examples<br>of good practice.|
|Future Policy|
|The Trustee<br>regularly<br>reviews<br>its grant-making<br>policy<br>and|
|believes<br>that<br>the<br>work<br>undertaken<br>by<br>charities<br>with<br>the|
|support<br>of the Company<br>is more important<br>today than ever|
|before.|
|Young<br>people<br>are growing<br>up<br>in a fast-moving,<br>complex,|
|and<br>multi-ethnic,<br>multi-cultural<br>society<br>where<br>local|
|neighbourhoods<br>are changing<br>rapidly.|
|Modern<br>technology<br>and<br>mass<br>production<br>have<br>brought|
|within<br>reach<br>things<br>that<br>most<br>people<br>could<br>only<br>dream|
|about<br>until<br>quite<br>recently<br>and<br>young<br>people<br>have<br>much|
|higher expectations<br>than<br>in the past. There is intense<br>peer|
|pressure<br>to acquire what are seen as the signs of success,|
|particularly<br>on those who are under-achievers,<br>suffering<br>low|
|self-esteem,<br>and<br>there<br>has<br>been<br>a<br>deeply<br>worrying|
|increase<br>both<br>in the incidence<br>and seriousness<br>of criminal|
|behaviour,<br>and specifically<br>knife crime.|





|Primary Schools|Primary Schools|Summary|
|---|---|---|
|Committee|Report|The<br>Primary<br>Schools<br>Committee<br>supports<br>three<br>London|
|||primary<br>schools<br>situated<br>in Southwark,<br>Tower Hamlets<br>and|
|||Stockwell.<br>In addition<br>to the financial<br>support,<br>these schools|
|||also receive a range<br>of practical<br>assistance<br>from<br>individual|
|||Liverymen.|
|||Structure,<br>governance<br>and management|
|||The Trustee<br>is assisted<br>by a Primary<br>Schools Committee,|
|||comprising<br>both Court members<br>and other members<br>of the|
|||company,<br>which<br>meets<br>three<br>times<br>a year,<br>and<br>makes|
|||recommendations<br>to the Trustee.|
|||Objectives and activities|
|||The overarching<br>objective<br>of the<br>Committee<br>is to provide|
|||help<br>in areas<br>of social deprivation<br>and<br>family<br>breakdown,|
|||and this is achieved<br>through<br>its work with<br>Primary<br>Schools.|
|||Within<br>London<br>this<br>work<br>centres<br>on<br>Grange<br>School<br>in|
|||Bermondsey,<br>Chisenhale<br>School<br>in Tower Hamlets<br>and St.|
|||Andrew's<br>Church of England School in Stockwell.|
|||Achievements<br>and performance|
|||Each School has a Liveryman<br>on the Board of Governors|
|||and<br>grants<br>are awarded<br>annually<br>to assist the schools<br>in|
|||funding<br>projects that are not supported<br>by public funds.|
|||The Primary<br>Schools Committee<br>maintains<br>regular<br>contact|
|||with the supported<br>Schools|
|||Grants<br>totalling<br>649,363 were made to Primary<br>Schools<br>in|
|||2022. A list is at Appendix<br>3.|





## 


|Summary|
|---|
|In the 21st Century,<br>the Weavers'<br>Company<br>seeks to build|
|on almost<br>nine<br>hundred<br>years<br>of involvement<br>in the craft|
|and manufacture<br>of textiles,<br>especially<br>weaving.<br>The main|
|aims<br>and<br>objectives<br>of<br>the<br>Fund<br>are<br>to<br>encourage|
|excellence<br>in<br>all spheres<br>of the<br>United<br>Kingdom<br>woven|
|textile<br>industry<br>by<br>identifying,<br>supporting<br>and<br>nurturing|
|exceptional<br>students<br>during<br>their training;<br>to sponsor<br>young|
|talent<br>working<br>within<br>the<br>industry;<br>supporting<br>centres<br>of|
|excellence<br>in textile education;<br>and<br>finally<br>recognising<br>and|
|working<br>with<br>those<br>who<br>have<br>made<br>the<br>most<br>significant|
|contribution<br>to the industry.|
|Structure,<br>governance<br>and management|
|The Trustee<br>is assisted<br>by a Textile Committee,<br>comprising|
|both Court members<br>and other members<br>of the company,|
|which<br>meets twice a year, and makes recommendations<br>to|
|the Trustee.|
|Objectives and activities|
|The Textile Committee<br>meets<br>regularly<br>to select recipients|
|of<br>scholarships<br>and<br>to<br>assist<br>textile<br>educational|
|establishments<br>in<br>providing<br>the<br>training<br>necessary<br>to|
|properly<br>equip<br>students<br>to<br>work<br>in<br>the<br>modern<br>textile|
|industry.<br>The emphasis<br>is on supporting<br>projects<br>from<br>a|
|smaller<br>number<br>of educational<br>establishments<br>and also to|
|making<br>awards<br>to<br>people<br>in<br>industry.<br>The<br>Textile|
|Committee<br>will keep the process under review.|
|Achievements<br>and performance|
|The scope<br>of the<br>support<br>given<br>continues<br>to grow.<br>The<br>Textile<br>Committee<br>assisted<br>six universities<br>and<br>colleges|
|with<br>funding<br>support.<br>Scholarships<br>were<br>awarded<br>to 12|
|students<br>on textile-related<br>degree courses,<br>and the colleges|
|themselves<br>supported<br>with<br>funding<br>for<br>equipment.<br>The|
|Committee<br>also provided<br>14 placements<br>within<br>the textile|
|industry<br>for students<br>recently<br>graduating<br>with<br>a textile-|
|related degree.|
|Visits are made<br>to the supported<br>textile establishments<br>to|
|monitor the grants<br>that have been made and to assess the|
|need for future<br>financial<br>assistance.<br>Efforts are also made|
|to<br>maintain<br>contact<br>with<br>individuals<br>that<br>have<br>received|
|awards<br>and scholarships.|
|Textile grants<br>and awards<br>totalling 6241,581 were made<br>in|
|2022. A summary<br>is at Appendix 4.|








|||||Appendix<br>1|
|---|---|---|---|---|
|CHARITABLE GRANTS|||||
|Major Grants|||||
|Charity||||Grant E|
|100& First Foundation||||10,000|
|100 & First supported<br>offender<br>rehabilitation<br>by providing<br>assistance<br>with|||||
|employment<br>and skills training<br>and enabling<br>beneficiaries<br>to turn those interests|||||
|into self-employment.<br>An award was granted<br>to|support a new project, Bars to||||
|Business, that would<br>help 18offenders<br>from HMP/YOI<br>Portland.|||||
|BBti<br>t Tl||||10,000|
|An award was granted<br>to support<br>the development|of 'Inside Job', a peer-led,<br>in-||||
|prison employment<br>consultancy<br>that was initiated|by a prisoner<br>previously|involved|||
|with Beating Time's Upstart<br>training<br>programme.|||||
|Bounce Back||||30,000|
|Bounce Back provided<br>'through-the-gate'<br>support|to prisoners<br>through<br>the|pan-livery|||
|initiative,<br>No Going Back. An award was agreed|to specifically<br>support<br>delivery of||||
|the project for two years to 40 female offenders.|||||
|Children<br>Heard &Seen||||10,000|
|Children<br>Heard<br>&Seen developed<br>a programme|of on-line support<br>during|Covid to|||
|support<br>children<br>with a parent<br>in prison.<br>An award enabled CHS to further||develop|||
|the programme<br>and make<br>it a permanent<br>feature|oftheir support<br>provision,|enabling|||
|them to have a broader reach and to help the increasing<br>numbers<br>referred,|||||
|Clean Slate Solutions||||15,000|
|Clean Slate provided<br>employment<br>and information|and guidance<br>advice, together||||
|with mentoring<br>support,<br>especially<br>for young<br>people where early intervention<br>work|||||
|was particularly<br>important<br>to break the cycle of escalating<br>behaviour<br>after||a first|||
|minor conviction.<br>An award was agreed for salary|costs to increase the mentor||||
|support's<br>hours to enable support<br>to be provided|to additional<br>beneficiaries.||||
|~E||||10,000|
|Escapeline<br>delivered<br>educational<br>programmes<br>in|schools, the community|and with|||
|families,<br>supporting<br>those at risk of involvement<br>with county lines gangs operating|||in||
|Somerset<br>& Dorset and at risk of being groomed|and criminally<br>exploited.|An award|||
|was granted<br>to support<br>salary costs for an ex-offender<br>mentor.|||||
|London Basketball Association||||9,680|
|An award was agreed to support BOOST —a year-long<br>development,<br>mentoring|||||
|and training<br>programme<br>that would<br>provide weekly<br>basketball<br>session for||100young|||
|people, qualifications<br>training<br>for 50 and volunteering<br>opportunities<br>for 75.||95'/B of|||
|the beneficiaries<br>came from BAME communities,|including<br>refugee and migrant,||||
|and 90'/B lived<br>in social housing<br>in the most deprived<br>areas of London.|||||
|Maidstone<br>Town Youth Cafis||||6,959|





|CHARITABLE GRANTS||||
|---|---|---|---|
|Major Grants<br>/ Cont||||
|Charity|||Grant E|
|~Ui<br>T<br>I<br>t|||10,000|
|Unique Talent would open a new e-bike engineering||hub giving young people the||
|chance to obtain accredited<br>skills, work experience|and employment<br>opportunities|||
|as well as mentoring<br>support. The project was based<br>in South London which faced<br>an escalating<br>problem<br>of gang violence.<br>Funding<br>towards<br>salary costs was agreed.||||
|~Ub<br>U|||4,039|
|Urban<br>Uprising<br>ran climbing<br>programmes<br>for at-risk||young<br>people at various venues||
|throughout<br>the UK. Programmes<br>were delivered<br>by|paid professional<br>instructors,|||
|supported<br>by volunteers<br>working<br>directly<br>with the youth at risk to improve<br>physical<br>and mental<br>wellbeing.<br>A contribution<br>to salary costs was agreed.||||
|TOTAL IIAJOR GRANTS, 2022|||f205,178|





||||||||Appendix<br>2|
|---|---|---|---|---|---|---|---|
|CHARITABLE GRANTS||||||||
|Annual<br>Awards<br>&Casual|Donations|||||||
|Charity|||||||Grant 6|
|Annual<br>Awards||||||||
|City & Guilds of London<br>Institute|||||||500|
|City of London Freemen's|School||||||250|
|Guildhall<br>School of Music|||||||6,000|
|Lord Mayor's Appeal|||||||2,000|
|Sheriffs'<br>& Recorder's<br>Fund|||||||1,000|
|St Paul's Cathedral|||||||500|
|Upper Bailiff's Charities, 2022<br>London<br>Youth Chairs (P1,000) and The Avenues|||||Youth Project (F500)||1,500|
||||||Sub Total —Annual|Awards|11,750|
|Casual Donations||||||||
|Snow Camp|||||||500|
|City Remembrancer<br>(Queen's||Platinum||Jubilee)|||500|
|Wellingborough<br>Recfwell Walking|||Football Club||||500|
|Prisoners Abroad|||||||500|
|Fairview Education|||||||500|
|School Studio Raveningham|||||||500|
|St Giles Parish Church Wrexham|||||||500|
|Suffolk Accident<br>&Rescue|Services||||||500|
|Groby Sings|||||||500|
|We Mind<br>& Kelly Matters|||||||500|
||||||Sub Total —Casual|Grants|5,000|
|TOTAL ANNUAL<br>AWARDS &||CASUAL||GRANTS, 2022|||L'16,750|





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