UTII ftJT The Worshipful Company of Weavers The Weavers, Company Benevolent Fund Charity No.. 266189 Trustee's Report & Accounts For the Year Ended 31 December 2023
Contents Page General Information Trustee's Report I ndependent Auditor's Report Financial Statements Statement of Financial Activities alance Sheet io Cash flow statement li Note5 to the Financial Statements 12-19
The Weavers, Company Benevolent Fund 31 December 2023 General Information Full Name- The Weavers, Company Benevolent Fund Registered Number.. 266189 Governing Instrument.. Trust deed dated 5 lune 1973 Trustee: Worshipful Company of Weavers Registered Addre55- Saddlers, House Gutter Lane Lorndon EC2V 6BR Telephone.. 020 7606 1155 Email.. weavers@weavers.or8.uk Website- www.weavers.org.uk Clerk to the Truste2'. James Gaselee Bankers.. C Hoare & Co 37 Fleet street London EC4P 4DQ Investment Advisors.. C3naccord Genuity 88 Wood Street London EC2V 7QR Solicitors.. Lèe Bolton Monier-williams l The Sanctuary London SWIP 3JT Auditors.. Haysmacintyre LLP 10 Queen Street Place London EC4R IAG Investments: The Fund was not subject to the Trustee Investments Act 1961 and the original Declaration of Trust gave the Trustee wide investment powers.
The Weavers, Company Benevolent Fund 31 December 2023 Trustee's Report This repoit should be read in conjunction with the Benevolènt Fund Annual Report. Detalls of Trustee The Worshipful Company of Weavers I'the Weavers, Company'l, together known as the Court of Assistants, The persons in office at the date the accounts were signed, or who served during the year, were as follows.. MrJ.R.H, B3gley Mrs R.J. Ridlev Mrl.P. Early Mr S.C. Combey H.M. King Charles111 MiJ.G.Y Radcliffe, O.B.E, Q.V.R.M, T.D Mr F.1. St. J. Tibbitts Mr E.C.A .Martineau Mrl.F. Nugée Alderman l. Garbutt, J.p Mr P.l.H. Towler Mr WJ. Makower Mr P.C.E Morris Mr P.MJ. Baxendell Mr L.8. Tharp MrM.G. Yeandle Mr R.W. Townsend Mr C.D.R. Collinge MrJ.L.C. Winterton Mrs H.S. Wallace-jones Mr A.J. Winterton Mr P.G. Cattermull MrT.H.M.Gaddum Mr D.R.D. Hopkins lappointed 5161241 Mr R.J. HLtmphries, M.B.E. (resigned 3/101231 Structure, governance and management The charity is governed by a Trust Deed dated 5 June 1973, as amended by a Charity Commissioners Scheme dated 28 February 2002. At the end of 2013. other small charity funds connected with the Weavers, Company were transferred into the Weavers, Company Benevolent Fund without any reslriclions on the use of the funds but, where appropri3te, are managed 35 designated funds in recognition of the historic purposes of the smaller fund5 Isee details on pages 16 to 181. The Trustee is asslsted by three committees, comprising both persons listed above and other members of the Company, which meet two or three tlmes 3 year and make recommendations to the Trustee. These are the Ch3ritabl2 Grants Committee, the Primary Schools Committee and the Textile Committee. The specific objectives of each are described in the accompanying Annual Report. Persons in office are recruited from within the Livery of the Company. A Selection Committee meets every year to consider suitable members Irom within the Livery and makes recommendations to the Trustee. They may have had previous experience on one or rllore of the Compan¢5 committees, and receive a briefing on their responsibilities, including a link to the Charity Commission booklet CC3, 'The essential trustee.. what you need to know, what you need to do,. Objectives and activities The objectives and policies in each 3re3 of the Benevolent Fund's three spending committees are included in the Annual Report which forms part of the accounts. The current guidelines and application form for charitable grants are available on the Companvs website.
The Weavers, Company Benevolent Fund 31 December 2023 Trustee's Report Icontlnued) Achievements and performance The Annual Report details the achievemersts of these Spending committees in 2023 and the programme of grant5 awarded during the year. It shows the impact made by the work and the benefits to the recipient organi5ations, who are expected to provide reports on the impart of giants received. Publlc Benefit As noted elsewhere in this report and in the accompanying Annual Report, the objects of the charity are for the benefit of the publlc, and its grants have been made in furtherance of these objects. The Trustee has taken due account of the Charity Commission's guidance on Public Benefit when considering the activities and achievements of the charity. Financial Revlew I nvestment income in 2023 amounted to £437,613, a decrease of £29,232 on the previous year's figure of £466,845. Voluntary income included donations from the Weavers, Comp311y General Fund totallinE £127,24312022.. £111,871), a donation of £36,57212022.. £39,377) from the Clothworkers, Foundation to the designated Textiles Fund, legacies of £012022.. £7,907) and other donations totalling £42,30812022.. £27,299). Within the total figure for donations, £24,312 was a restricted donation from the Makower prize fund to support UK students on the new Bsc Textiles Technology Course at Leed's University, 12022: restricted donations of £22.500 to the charitls Ukraine Appe311. Expenditure included grants and donations from the designated funds totalling £520,684 12022.. £511,027), donations from general funds of £13,750 12022,. £nill, restricted fund donations of £20,500 12022,. £nill donations of £1.077.685 12022.. £nill to the Weavers, Almshouse Charities12022.. £nill and support Costs of grant making of £87,96412022.. £80,661). support costs cgmprised the administration expenses referred to below, governance costs of £9,228 12022.. £8,430) and administration costs related to grant making of £6,658 12022.. £3,6061. In addition, an investment management fee of E47,12612022: £45,6381 w35 incurred. This resulted in total expenditure of £1.767.709 12022.. £637,056), giving rise to net expenditure of £1,123,97312022- income of £16,2431 before investment gains of £S35,942 12022.. losses of E2,104,2821. After takin8 these movements into account, there were total assets less current liabilities at 31 December 2023 of £14,911,89412022.. £15,499,925). Within tot31 funds there were four desi8n3ted funds held in the Benevolent Fund. with a value 3t 310ecember 2023 of £919,53412022: E838,8911. Details of these funds appear at note 12 on pages 16 to 18, with comparatives on page 19. A portion of the administration expenses attributable to the charity totalling £72,07812022.. £68,6251 is reimbursed to the Weavers, Company General Fund. This and other related party transactions are shown in the notes to the accoLJnts.
The Weavèrs, Company Benevolent Fund 31 December 2023 Trustee's Report Icontinuedl Investment F)olicy and performance The charity's investments are overseen by the Weavers, Company's Investment Committee, who, during the year. were advised by Canaccord Genuity. Their strategy has a balanced investment objective and a moderate risk emphasis, At 31 December 2023 the market value of investments was £14.845,55712022.. £15,288,755). Rlsk management and prlncipal risk5 The assessment of risk is embodied in the management of the charity. The Weavers, Company's Audit Committee carrie5 Out formal risk assessments of all the operations of the charity. with a view to identifying and mitigating any risks to which the charity might be exposed. The prirlcipal risks are seen as being the effects of any longer-term SiEnificant reduction in investment income and the F)OSsibility of individual committees overspending their bdget5. The latter risk is mitigated by careful monitoring of budget allocations between committee meetings. The Trustee does not believe that there is any materia1 risk that the charity could not continue as a going concern as it has sufficient reserves to cope with any short-term income loss, such as a fall in investment income and, as future grant expenditure is discretionary, spending can be reduced in response to any f311 in income. Reserves At 31 December 2023 the total reserves of the charity were £14,911.89412022.. £15,499,925), £22,312 of which were restricted12022,. £20,S(K)l. There are no amounts tied up in fixed assets. Funds of £14.9m were therefore readily expendable at the Trustee's discretion, although an amount of £919,53412022.. £838,891) was designated for the purposes of the smaller charities related to the Weavers, Cornpany that were transferred into the charity in 2018. A reserves policy h35 been established 3fter careful consideration of the charity's likely ongolng commitments to existing beneficiaries, the expected future trends in applications for assistance and the sources arid reliability of income. This policy is reviewed on an annual basis. The long-term strategy of the charity is to maintain reserves represented by assets deployed to provide a Sufficient investment return to enable the charity to meet its obligations to existing and new beneficiaries on a continuing basis. The Trustee believes that the current level of reserves is broadly in line with thls strategy. Where future commitments to existing beneficiaries can be reliably e5tlmated, reserves are designated accordingly. Where support takes the form of loans, the value of the existing loans is also designated. Commitments th3t cannot presently be quantifiecl are represented by a general, undesignated reserve. In principle reserve5 are managed by investing for real growth in capital and income, subject to an overriding requirement to meet future obligatlons. Whilst, in general, the expectation is that income will be fully disbursed, capital gains and any inward grants and bequests are retained in reserves to offset the risk of inflation and to maintain a risinE income trend.
The Weavers, Company Benevolent Fund 31 December 2023 Trustee's Report Icontinuedl Statement of Trustee'5 re5pDnsibllities Charity law requires the TrLJStee to prepare, for each financial year, financial statements which give a true and fair view of the state of affairs of the charity and of its financial activities for that period. In preparing those financial staternents the Trustee is reqLkired to.. al select suitable accounting policies and then apply them consistently,. bl make judgements and estimates that are reasonable and prudent,. cl State whether the policies adopted are in accordance with the Charities SORP, the ReBulations made under section 145 of the Ch3rities Act 2011 and with applicable accounting standards, subject to an m3terial departures disclosed ancl explained in the financial statements dl prepare the financial statements on a going concern basis unless it is in2ppropriate to assume that the charity will continue to operate. The Trustee is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity to ensure that the financial statement5 comp5y with the Charities Act 2011. The Trustee 15 als0 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. Approved by the Trustee on 5 June 2024 and signed on its behalf Ridley Renter Bailiff
The Weavers, Company Benevolent Fund 31 December 2023 Independent auditors, report to the Trustee of the Weavers, Benevolent Fund Opinlon We have aijdited the financial statements of The Weavers, Company Benevolent Fund for the vear ended 31 December 2023, which comprisè the statement of financial activities, the balance sheet, the c3sh flow statement and the notes to the financial statements, including a summ3ry of significant accounting policies. The financial reporting framework th3t has been applied in their preparation is applicable law and United Kingdom Accounting Standards, inclucjing Financial Reportlng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Pr3Cticel. In our opinion, the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 December 2022 and of the charity's net movement in funds for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pr3Ctice,' and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We h3ve been appointeif as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. We conducted our audit ir> accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibillties for the audit of the financial 5taternents section of our report. We are independent of the charity in accordance with the ethical requirements that 3re relevant to Dur audit of the financial 5taternents in the UK, including the FRrys Ethical Standard, 2nd we have fulfilled our other ethical responsibilitiès in accordance with thesè requirements. We believe that the auclit evidence we have obtained is SLifficient and appropriate to provide a basis for our opirkion, Conclusions relating to going concern In auditinE the financial Statements, we have concluded that the Trustee's use of the going concern basis of èccounting in the preparation of the financial staterllents is approprlate. Basèd on the work we h3ve performed, we have not identified any material uncertainties relating to events or conditions that, individua11y or collectively, may cast significant doubt on the charity's ability to continue as 3 going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustee with respect to going concern are described in the relevant sections of this report. other Information The Trustee is responsible for the other information. The other information comprises the information included in the Trustee's Annual Report. Our opinion on the financial statements
The Weavers. Company Benevolent Fund 31 December 2023 Independent auditor5, report to the Trustee of the Weavers, Benevolent Fund Icontinuedl does not cover the other information and, except lo the extent otherwise explicitly stated in our report, we do not exp5$ any form of assur2nce conclusion thereon. In connection with our aijdit of the financial statements, our responsibility is to read the other inform3tion and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise 3ppe2rs to be materially misstated. If we identify such materi31 inconsistencie5 or apparent material misstatement5, we are required to determine whether there is a material mlSStatement in the financial statements or a material misstatement of the other information, If, based on the work we have performed, we conclude that there is a matèrial misstatement of this other information, we are required to report that f3Ct. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2(XJ8 require us to report to you if, in our opinion- adequate accounting records have not been kept by the charity- or sufficient accounting records have not been kept,. or the charity financial statements are not in agreement with the accounting records and returns- or we have not recèivèd all the information and explanations we require for our audit. Responsibllltles of Trustee for the fSnanclal statements As explained more fully in the Trustee's responsibilitie5 Statement set out on page S, the Trustee is responslblè for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustee determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statement5, the Trustee is responsible for assessing the charity's abillty to continue as a going concern, disclosin& as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustee either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditorfs responslbllitles for the audit of the financial statements Our objectives are to obtain reasonable assL¢rance about whether the financial statements 35 8 whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISA5 IUKI will always detect a material misstatement when it exists. Misstatements can 3rise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material
The Weavers, Company Benevolent Fund 31 December 2023 Independent audltors, report to the Trustee of the Weavers, 8enevolent Fund Icontlnuedl misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Based on our understanding of the charity and the environment in which it oper3tes, we identified that the principal risks of non-compliance with laws and regulations related to registered charities, and we considered the extent to which non-compliance might have a material effect on the financial statements. We a150 considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011 and other factors such as taxation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined th3t the principal risks were related to manual accounting journals. Audit procedures performed by the engagement team included.. Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud,. Evaluating management's controls designed to prevent and detect irreEularities,' and Identifying and testing journals, in particular journal entries posted with unusual account combinations, postings by unusual users or with unusual descriptions. A further description of our responsibilities for the audit of the financial statements is located on the Financi31 Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-CDmpliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. Use of our report This report is made solely to the charitqs Trustee, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's Trustee those matters we are required to state to them in an Auditor'5 report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charit¢s tee as a body for our audit work for this report, or for the opinions we have formed. Haysmacint re LLP Statutory Auditors Lop 10 Queen Street Place London EC4R IAG Haysmacintyre is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006. Ly
The Weavers, Cornpany Benevolent Fund 31 December 2023 Statement of Financial Activities for the Year Ended 31 December 2023 Notes Restricted Unrestricted Funds Funds Total Total 2023 2023 2023 2022 Income from: Don3tiDns and legacies 24,312 181,811 206,123 186,454 Investment income 437,613 437,613 466,845 Total income 24,312 619,424 643,736 653,299 Expenditure on.. Investment management fees 47,126 47.126 45,368 Ch3rltable activities- grant making Grants and donations 20,500 534,434 554,934 511,027 Support costs of grant making 2,000 85.964 87,964 80,661 Donations to Weavers, Almshouse Charities 1,077,685 1,077,685 Total expendlture 22,500 1,745,209 1,767,709 637,056 Net gainsl1105se51 on investments 535,942 535,942 12,104,282) Net incomellexpenditurel for the year 1,812 1589,8431 1588,0311 12,088,039) Reconciliation of Funds Fund5 brought forward 20,500 15,479,425 15,499,925 17,587,964 Funds carrled forward 22.312 14,889.582 14,911.894 15,499,925 The Weavers, Company Benevolent Furid ha5 not acquired or discontinued any fundamental activities during the above two financial years. The notes on pages 12 to 19 form part of these financial staternents.
The Weavers, Company 8enevolent FLJnd 31 December 2023 Balance Sheet as at 31 December 2023 Notes 2023 2023 2022 2022 Fixed Assets Investments 14,865,557 15,288.755 Programme Related Investment- Concessionary loan to Weavers, Almshouse Charities 65,000 Current Assets Debtors 2,720 14,616 Cash at bank and in hand 160,514 254,724 163,234 269,340 Creditors Amounts falling due within one year 1116,8971 1123,1701 Net current assets 46,337 146,170 Total assets less current liabilltles 14.911,894 15,499,925 Funds Restricted Funds li 22,312 20,500 General Funds li 13,970,048 14,640,524 Designated Funds li 919,534 838,891 Total 14,911,894 15,499,925 The funds stated above include an excess of investment market V31ue over cost of £5.052,IS312022: £5,140,349). The notes on pages 12 to 19 form part of these financial staternents, Approved by the Trustee on 5 June 2024 and signed on its behalf. ley Renter Bailiff io
The Weavers, Company Benevolent Fund 31 Decembei 2023 Cash flow statement-for the year ended 31 Dernber 2023 2023 2022 Cash flows from operating actlvities Net cash used in operating activities 11,588,117) 1392,1031 Cash flows from Investing activStles Investrnent income received 437,613 466,845 Purchase ol investments 13,695,096) 1750,5791 Transfer of investments from Weavers, Company 1119,9931 1101,58SI Sale of investments 3,793,698 655,000 Transfer of investments to Almshouse Charities 1,012,685 Repayment of Programme Re13ted Investment 65,IX)O 15,000 Net cash provided by investing activities 1,493,907 284,681 Change in cash and cash equivalents in the year 194,2101 (107.4221 Cash and cash equivalents at the start of the year 254,724 362.146 Cash and cash equlvalents at the end of the year 160,514 254,724 Reconcillation of net movements In funds to net cash provided by operating activities 2023 2022 Net expenditure for the year la5 per the SOFA) 1588,0311 12,088,039) Adjustments for: IGainsl/Losses on investments 1535,9421 2,104,282 Investment income 1437,6131 1466,8451 Decrease in debtors 11,896 12,972 IDecreasel/lncre3se in creditors 16,2731 12,797 Ilncreasel/Decrease in investment cash 132,1541 32,730 Net cash used in operating activltles 11,588,117) 1392.1031 li
The Weavers, Company Benevolent Fund 31 December 2023 Notes to the accounts for the year ended 31 December 2023 l. Accounting Policies 1.1 Basls of preparation The financial statements have been prepared in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021. The charity is a public benefit entity for the purposes of FR5102 and therefore the charity has also prepared it5 financial statements in accordance with the Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (the FRS 102 Charities SORPI. The accounts also comply with the Ch3rilies Act 2011 and regulations made thereunder, except that the Charities Accounting and Reporting RegulatiDnS 2008 specify the application of the 2005 Charities SORP, which has now been withdrawn. These accounts depart from the regulations and apply the current SORP in order to maintain a true and fair view. The Trustee has assessed whether the use of the going concern ba51s is appropriate 3nd has considered possible events or conditions that might cast signlf Icant doubt on the ability of the charity to continue as a going concern. The Trustee has made this assessment for a period of at least one year from the date of approval of the financial statements. In view of the level of assets held, the Trustee has concluded that there is reasonable expertation that the charity has adequate resources to continLJe in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. In view of the Trustee in applying the accounting policies adopted. no jud8ements were required that have a significant effect on the amounts recognised in the financial statements. nor do any estimates or 3ssumptions made carry a significant risk of material adjustment in the next financial year. 1.2 Recognition of a55ets and Ilabilities Assets and liabilities are initially measured at cost or transaction value. Market investments are re-measured at fair value at the b813nce sheet dale. The market bid price is taken as fair value as the charity only holds simple financial instruments. 1.3 Grants payable Grants payable 3re accounted for when the charity is committed to paying them and the grant award has been communicated to the recipient. Details of all grants made by the charity's three spending committees are shown by way of an appendix to the attached report. 1.4 Income I ncome is recognised on an accruals basis. Donations for immediate expenditure are 3ccounted for when they become receivable. A donation 15 receivable 8t the point whèn the charity is entitled to the income, its receipt 15 probable and the amount due can be quantified with reasonable accuracy. Donations received for specific purposes are treated as restricted funds. Grants restricted to future accounting periods are deferred and recogni5ed in those periods. 1.5 Allocation of costs All costs are allocated between functions as appropriate according to the nature of the cost. Grants and donations are shown separately. Other charitable activitie5 comprise support costs relating to the provlslon of grants and other support to qualifying bodies. 12
The Weavers, Company Benevolent Fund 31 December 2023 Note5 to the accounts for the year ended 31 December 2023 Icontlnuedl l. Accounting Policies Icontinuedl 1.6 Flxed asset Investments Investments are included in the accounts at their market value. Where held as an ongoing investment they are included as fixed assets. If the investment is to be realised within twelve months, it is categorised as a current asset. 1,7 Reallsed and unreallsed galns and losses All realised Eains and losses are recognised in the account5. Permanent diminution in the value of fixed assets 15 char8ed to the Statement of Financial Activities. 1.8 Recognition of liabilities Legally binding commitments are included in liabilities as detailed in note 9. Grant commitments which are not leEally binding are accrued as liabilities when the recipient has been informed of the grant award. 2. Voluntary income Restricted Unrestrictsd Funds Funds 2023 2023 Total Total 2023 2022 Donations from the Worshipful Company of Weavers, General Fund Donation From the Clothworkers, Foundation Legacies Don3tion from the Makower Fund Isee note 111 Other donations 127,243 127,243 111,871 36,572 36,572 39,377 7,907 24,312 24,312 17,996 17,996 27,299 181,811 206,123 186,454 24,312 3, Investment income Restrlcted Unrestrlcted Funds Funds 2023 2023 Totsl Total 2023 2022 Investment portfolio income Bank interest 434,948 434,948 466,708 2,665 2,665 137 437,613 437,613 466.845 13
The Weavers, Company Benevolent Fund 31 December 2023 Notes to the accounts forthe year ended 31 Dernber 2023 Icontlnuedl 4. Charitable Activities- grant making Restricted Unrestricted Funds Funds 2023 2023 Total Total 2023 2022 Grants made from designated funds.. Charitable Grarkts Fund Textiles Fund Primary Schools, Fund Ukraine Chaine Isee note 111 Siobhan's Trustlsee note 111 Guildhall School of Music Lord Mayorfs Appeal Comp35s Ghana Iupper Bailiff's Charity 20231 Sheriffs, & Recordels Fund City & Guilds 5t Paul's Cathedral Foundation City of London Freemen's School Support costs 212,821 212,821 221,928 235,963 235,963 239,736 71,900 71,900 49,363 2,000 5,000 17,500 6,000 2,000 3,000 17,500 6,000 2,000 1,500 1,500 1,000 I,ooD 500 500 500 soo 250 250 85,964 87,964 80,661 620.398 642,898 591,688 2,000 22,500 Details of the grants and donations made by the Charitable Grants Fund, the Textiles Fund and the Primary Schools Fund 3re included by way of an appendix to the accompanying report, In 2022, grants to the Guildh811 School of Music, Lord Mayor's Appeal, the Sheriffs, & Recorderfs Fund, City & Guilds, St Paul's Cathedral Foundation, City of London Freemen's School and the Upper Bailiff's charity were made from the designated Charitable Grants Fund. From 2023 onwards these grants will be made from general, unrestricted funds. Support costs include governance costs comprising audit fees of £9,228 12022- £8,430), 3dministr3tion costs reimbursed to the Weavers, Company General Fund relating to rent, rates, services, staff and other costs totalling £72.07812022: £68,625), and administration costs related to grant making of £6,65812022.. £3,606). 5. Donation to the Weavers, Almshouse Charities In February 2023, the Trustee agreed the following measures to support the Weavers, Almshouse Charities.. 6.5% of the value of the Benevolent Fund investments at I lanijary 2023 IEI.012.6851 that had previously been held by the Weavers, Pensions Charities and transferred to the Benevolent Fund in 2013 would be re311ocated to the Almshouse Charities, unre5tricled funds. The Benevolent Fund would gift £65,(X)O to the Weavers, Almshouse Charities to enable it to repay the balance outstanding on the Programme Related Investment Concessionary Loan due to the Benevolent Fund. 14
The Weavers, Company Benevolent Fund 31 December 2023 Notes to the accounts for the year ended 31 December 2023 Icontlnuedl 6. Flxed asset Investments 2023 2022 Quoted investments.. Market value blf Additions at cost Transfer from Weaver5' Companv Transfer to Almshouse Charities Disposal proceeds Rea115ed gains Unrealised gains/llossesl Market value c/f Short-term cash deposits Total market value at 31 December 15,205,857 3,695,096 119,993 11,012,685) 13,793,698) 81,102 454,840 14,750,505 115,052 14.865,557 17,112,975 750,579 101.585 1655,(K]01 13,072 12,117,354) 15,205,857 82,898 15,288,755 Historic cost at 31 December 9,813,404 10,148,406 Excess over cost at 31 December 5,052.153 5,140.349 7. Programme Related Investment- ConS1Onary loan to Weavers, Almshouse Charities th An interest-free102n of £350.(x)O was made to Weavers, Almshouses Charities on 28 February 2000 towards the cost of rÈfurbishing We3vers' House. The loan was repayable at the rate of £15.000 per annum but the terms of repayment of the loan rllay be varied by the agreement of both parties. No repayment was made for the years 2005 to 2007 inclusive, but repayments re5Med in 2008. The loan was fully repaid during 2023. 8. Debtors due wlthln one year 2023 2022 Gift aid recoverable Prepayments and accrued income 1,950 770 2,720 2,495 12,121 14,616 9. Creditors due within one year 2023 2022 Related porty creditors.. Weaver5' Almshouse Charities Weavers, General Fund Accrued grant commitments (see note lol Other creditor5 and accruals 1,522 564 io 96,192 26,404 123,170 93,000 22,375 116,897 15
The Weavers, Company Benevolent Fund 31 December 2023 Notes to the accounts for the year ended 31 December 2023 Icontinuedl 10. Accrued grant commitments Contracted grants are accounted for in the year in which they are expected to be paid. Grants provided for from the current or previous years, income, but not paid at the year-end were.. 2023 2022 Support for Education Aw3rds Student placement grants Primary School grants Charitable Grant Fund grants 53,000 7,000 18,000 15,000 93,000 73,192 6,IX)O 17,000 96.192 11. Summary of Funds Brought Transfers forward Income Expenditure Investment gains Carrled forward 2023 2023 2023 2023 2023 2023 Restritted Funds Ukraine Appeal Makower Fund Total restricted funds 20,5QO 120,5(X)I 12,0001 I22,5} 24,312 24,312 22,312 22,312 20,500 Designated Funds General Funds Totsl funds 838.891 SOO,OOD 76,920 1523,8201 14,640,534 1500,0001 542,504 11,221,389) 15,499,925 643,736 11.767,7091 27,543 919,534 508,399 13,970,048 535,942 14,911,894 Restricted Funds Ukraine Appeal In March 2022, the Trustee launched an appeal to its members to assist in alleviating the suffering caused by the conflict in Ukraine. Ouring 2022, the appeal ralsed £10,214 from Weavers, Company members and this was matched by a donation of £10,286 from the Company itself. Dijring 2023, £20,500 was spent from this fund on Ukraine related Brants, £17,500 to Siobhan's Trust, a charity which provides food and practlcal support to internally displaced Ukrainians and £3,0 to Ukraine Chain, a charity th3t supports volunteer teams and funds urgent ald 2nd evacuations in the active war zone. £2,000 was also given to Ukraine Chain from unrestricted, general funds. 16
The Weavers, Company 8enevDlent Fund 31 December 2023 Notes to the accounts for the year ended 31 December 2023 Icontinuedl 11. Summary of Funds Icontinuedl Makower Fund During 2023, the Makower prize fund donated £24,312 to the charity to support UK students on the new BScTextiles Technology Course at Leed's University. Grants will commence in 2024. General Funds In 2023, £500,000 12022- £500,000) was allocated from total unrestrictèd funds to three designated funds, the Charitable Grants Fund, the Primary Schools Fund and the Textiles Fund Details of these funds are shown below. Desl nated Funds These comprise four funds, following the winding-up of the charities comprising the Common Investment Fund and the separation of the Primary Schools Fund from the Millennial Fund. The movements on each designated fund are shown below. Charitable Grants Fund Administered by the Charitable Grants Committee against an annual budget allocation12023.. £220,000, 2022.. £220,000). Grants totalling £212,821 were awarded12022.. £221,928). Millennial Fund Launched in 1995 to receivè donation5 from members of the Company with the aim of building a significant new charitable fund by the Company's Millennium in 2130. In December 2022 the objectives of the fund were widened to allow it to make exceptional 'one-off' charitable donations which fall outside the scope or budget of the other three designated funds, in order to mark the Company's SlEnificant anniversaries. PrimaryS¢hools Fund Administered by the Primary Schools Committee against an annual budget allocation12023.. £60.000. 2022.. £60.0001. Grants totalling £71,900 were awarded12022. £49,363). Textlle Fund Administered by the Textile Committee against an annual budget allocation12023'. £220,000, 2022.. £220,0001. Grants totalling £235,963 were 3warded12022.. £239,736). 17
The Weavers, Company Benevolent Fund 31 December 2023 Notes to the accounts for the year ended 31 Dernber 2023 (continued} 12. Summary of Fund5 Icontinuedl Summary of designated funds Charitable Grants Millenial Primary Schoo15 Textile Total 2023 2023 2023 2023 2023 Income Voluntary income Investment income Grant allocation from unrestricted fund Total Income 17,996 22,352 36.572 54,568 22,352 S(K),000 576,920 220,000 220,000 60,000 60,OCK) 220,000 256,572 40,348 Expendlture Grants per Annual Report Support costs Total expenditure 1212,8211 1651 1212,8861 171,9001 1235,9631 1520,6841 13,0711 13,1361 {71,9¢)01 1239.0341 1523,8201 Surplus/lDeficit} 7,114 40.348 11,9001 17,538 53,100 Income balance b/f Capital balance b/f Investmept gains Total deslgnated fund c/f 3,937 18,312 52.174 74,423 764,468 27,543 919,534 764,468 27,543 832.359 11,051 6,412 69.712 13. Relatsd parties The Weavers, Company Benevolent Fund and the Weavers, Almshouse Charities are administered by a common Trustee, who, at 31 December 2023, was the Weavers, Company. A portion of the administration charges paid by the Weavers, Cornp3ny 8enevolent Fund is paid to the Weavers, Company General Fund as explained in note 4. Other related parties transactions are disclosed In the accounts. There were no transactions with the persons compri5in8 the Trustee body. In some cases these persons held other trusteeships and were, as a matter of policy, represented on the governing bodies of beneficiary schools. They did not benefit personally from any grants made and accordingly these 8rants are not Considered to require additional disclosure. Mr RJ Humphries, who resigned from the Court Df the Weavers, Company on 5 October 2023 is both a director and shareholder in Handlooms Holdings Ltd. This comp3ny is now the only manufacturer of ARM looms suitable for educational use, with the ability to maintain and repair existing ARM looms. The charity awards grants to educ3tional institutions to fund the purchase and repair of ARM looms. Mr Humphries declared his interest and was not involved in the decision making, or subsequent review of. grants awarded for this purpose. During the year, grants totalling £18,00012022.. E72,1921 were awarded to acquire and repair ARM looms. 18
The Weavers, Compally Benevolent Fund 31 December 2023 Notes to the accounts for the year ended 31 December 2023 Icontinuedl Summary of Total Funds for the year ended 310ecember 2022 (for comparative purposes) Brought Transfers forward Income Expenditure Investment losses Carried forward 2022 2022 2022 2022 2022 2022 Restricted Funds 20,500 Designated Funds 876,212 500,000 89,692 General Funds 16,711,752 1500.OCx)I S43,107 Total unrestricted funds 17,587,964 653,299 20,500 1512,8721 1114,1411 838,891 1124,1841 11,990,141) 14,640,534 637 0561 12,104,282) 15,499,925 Summary of Deslgnated Funds for the year ended 31 Dernber 2022 (for comparatlve purposes) Charitable Grants Mlllenlal Primary Schools Textile Total 2022 2022 2022 2022 2022 Income Voluntary income Investment ir*come Grant allocation from unrestritted fund Totsl income 23,992 25,323 I,o(x) 39,377 64,369 25,323 500,000 589,692 220.000 220,000 60,000 61,0 220,000 259,377 49,315 Expenditure Grants per Annual Report Support costs Total expendlture 1221,9281 149,3631 1239,7361 1511,0271 11,8451 11,8451 149,3631 1241.5811 1512,8721 1221,9281 (Deficitllsurplus 11,9281 49,315 11,637 17,796 76,820 I ncome balance b/f Capital balance b/f Investment losses Totsl deslgnated fund clf 5,865 6,675 34,378 46,918 829,294 1114,1411 838,891 829,294 1114,1411 764,468 3,937 18,312 52,174 19
The Worshipful Company of Weavers THE WEAVERS, COMPANY BENEVOLENT FUND Annual Report for the year ending 31 st December 2023 Charity No. 266189 The Worshipful Company of Weavers Saddlers, House Gutter Lane, London EC2V 6BR
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The Weavers, Company Benevolent Fund - Annual Report, year ending 3161 December 2023 Summary The income of the We2ver8' Company Benevolent Fund may be applied to any charitable purpose. In 2023 the following funding was provided for the three spending committees: The Charitable Grants Committee The Textile Committee The Primary Schools Committee £220,000 £220,000 £60,000 Appendices: List of Major Grants App1 List of Annual Awards And Casual Grants App2 List of Textile Awards App3 Summary of Primary School Grants App4 Annual Accounts: This Report forms a part oflhe Annual Accounts, which are bound separalely.
The Weavers, Company Benevolent Fund- Annual Report. year ending 31$1 December2023
The Weavers, Company Benevolent Fund- AnnLsal Report, year ending 31st December 2023 Charitable Grants Committee Report Summary The Charitable Grants Committee focuses on supporting the rehabilitation of offenders, particularly young offenders and other under-represented groups, both in prison and after release and young pèople from disadvantaged and socio*conornically thalleriged groups. structure, Govemance and Management The Trusteè is assisted by a Charitable Grants Committee, comprising both Court members and other members ofth8 company, which meets three times a year, and makes recommendations to th8 Trust8&. Objectives and Activities Since 2006 the airns of the Charitable Grants Committee have been lo.. {a} Support offenders & ex-offenders (particularly those under 30 years of age) {b) Help disadvantaged young people. In October 2023 Ihosè aims were reviewed and two grant programmes were introduced - a Main Grants Programme and Small Grants Programme. The primary focus of the Committee is to.. Support offenders into work, particularly young offenders. Help under-represented groups, both in prison and aftér release. The Committee's secondary focus is to.. Support young people from disadvantaged and socio-economically challenged groups. Within th& above calegories, clear guidelines are published to assist those applying for grants. Guidelines Prior to October 2023. the Committee would only consider applications within specific income limits. Local organisalions, for example, those working in a village, estate or small town were required to have an income of less than about £100,000 and those working across the UK an income of nol more than about £250,000. In October 2023, the Guidelines were amended. The Company's preference remains to fund smaller charities and those instigating bespoke projeds. However, the size of an organisalion is not relevant when making an application, but it is important for applicants lo be able to demonstrate impact any grant awarded would make.
The Weavers. Company Benevolent Fund- Annual Report, year ending 31$l December 2023 Fundlng Levels The Small Grants Programme has a cap of£5,000. The Main Grants Programme is uncapped, but applicants are advised to research typical grant sizes previously made through the Charity Commission Annual Report. Work the Committee would consider funding: Pump priming where a grant would support a project piloting new approaches and where the grant would farm a major element ofthe funding or where it would be matched by other funders. Projects where funding would be for an identified purpose. Overheads associated with a project, eg office or secretarial support. Core funding for new projects. Innovative or pioneering work where a project could inspire similar work in other areas of the country. Ongoing funding for successful projects which had proved their worth. Emergency or deficit funding, in exceptional circumstances, lo an organisation which the Company knows well or had previously supported. Work that falls outside the guidelines: Universities or colleges. Physical, mental and developmental disabililies, and medical research or medical conditions. including drug and alcohol addiclion. Environmental projects. Work in promotion of religious or political causes. Sponsorship, marketing appeals and fundraising activities. Endowrnent appeals. Work that has been completed, or will be completed, while the application is being considered. Capilal projects to provide compliance with the Disability Discrimination Act. Grants to individuals or to causes that will benefit only one person, including student grants or bursaries. Organisations working outside the UK, and overseas expedition or travel. Work that should be covered by statutory funding. Capital cosls including building work and renovations. Immigration legal fees or visa applications.
The Weavers, Company Benevolent Fund - Annual Report, year endir¢g 311t December 2023 Achievements and Perfomiance Grant making activities Prior to Octobèr 2023, the Trustee allocated income in two main ways.. major grants, which met the criteria and guidelines for such grants and which were fully investigated and assessed., and casual donations, which might fall outside the main criteria but which were considered by the Trustee to merit a small donation. From October 2023, the Trustee allocated income in three ways.. Main Grants, which met the criteria and guideline5 for such grants, and which were fully investigated and assessed., Small Grants, which met the criteria, but which did require a full assessmenl., and Casual donations, which fell outside the main criteria, bul which were considered by the Trustee to merit a small donation. During the year, the Committee continued wilh its policy of preferring one-off projects and keeping its forward commitments to a minimum. Applications 267 applications were received from throughout the United Kingdom., from these 24 applications for a Main Grant were formally assessed and 14 awards made. A further 4 grants were awarded for applications not subject to formal assessment. The Company considers applications from all regions of the UK and prospective applicants may download both the Guidelines and Application Form al www.weavers.or Applicants are strongly urged to study the guidelines carefully before proceeding but many continue to rely on the limited information given in (often out-dated) directories of grant-giving trusts and Gonsequently submit proposals which do not meet our criteria,. a sad waste oftime and resources.
The Weavers, Company Benevolent Fund - Annual Report, year ending 31st December 2023 Assessment Visits Members of the Company were inviled to visit charities which had applied for main grants with their reports forming an important part oflhe assessment process. All the projects were of a very high standard and varied from community-based projects to those involved with offenders and ex-offenders, with the emphasis on the latter category. Many members keep in touch with the projects, which derive great benefit from their personal support. This close involvement is also of great value to the Company. Monitoring and Evaluation The Company maintains contact with successful applicants and monitors projects through progress reports. Some of the work supported by the Company is also independently evaluated., these reports and evaluations inform grant- making policy and disserninate examples of oood practice. Future Policy The Trustee regularly reviews its grant-making policy and believes that work undertaken by charities with the support of the Company is more important today than 8ver before. 11 is known that with the right support on release offenders are less likely lo re-offend and the rehabilitation of young offenders, parlicularly, continues to be an important area where that support is required. Gaining skills that help offenders find work gives them a positive advantage. There are increasingly under-represented groups within the criminal justice sector requiring help and still a need for early inteentIOn projects to support young, disadvantaged people and to steer them away from involvement in crime. Young people face increasing challenges as they grow up in a fast-moving, complex and multi-ethnic, multi-cullural society. Drug and alcohol abuse remain at alarming levels and an ever-increasing number of young people. even those below the age of 10, face an increased risk of exploitation and involvemenl with gangs and knife crime. Modern technology. mass production and social media mean young people have much higher expeclalions than in the past and there is intense peer pressure lo acquire what are seen as the signs of success, particularly on those who are under-achievers, suffering low self-esteem, Against this background, the Trustee acknowledges Ihe continuing and increasing value of the work being carried out by th8 Charitable Grants Committee. Charitable grants and donations totalling £212,821 were made in 2023. A list is at Appendices 1, and 2.
The Weavers, Company Benevolent Fund - Annual Report, year ending 31st December 2023 Textile Committee Report Summary The Weavers, Company seeks lo build on almost nine hundred years of involvement in the craft and manufacture of textiles, especially weaving. The primary aims is lo encourage excellence in all spheres of the United Kingdom woven textile industry by identifying, supporting and nurturing exceptional students training for, and young talent working within, the industry,. supporting centres of excellence in textile education,, and by recognising and working with those who have made the most significant contribution lo the industry. Structure, Governance and Management The Trustèe is assisted by a Textile Committee, comprising both Court members and other members of the company, which meets twice a year, and makes recommendations to the Trustee. Objectives and A¢tKvities The Textile Committee meets regularly to select recipients of scholarships, to assist textile educational eslablishm8nts in providing the training necessary to properly equip students to work in the modem textile industry and to make awards to people in industry. Achievements and Perfomianee The scope ofthe support given continues lo grow. From 36 applications received 4 Scholarship Awards for Excellence and 10 Commendations were granted. Bursary support was provided for final year students in need. as well as funding for equipment to the Company's group of 6 supported core colleges. The Committee also provided 11 placements O'ointly funded by the Clothworkers, Company) within the textile industry for students recently graduating with a textile- related degree. With the Textile Livery Group, we helped fund the UKFT Sustainability Conferen. Visits are made lo the supported textile establishments to monitorthe grants that have been made and to assess the need for future financial assistance. Efforts are also made to rnaintain contact with individuals that have received awards and scholarships. Textile grants and awards totalling £235,963 were made in 2023. A summary is al Appendix 3.
The Weavers, Company Benevolent Fund- Annual Report, year ending 3151 December 2023 Primary Schools Committee Report Summary The Primary Schools Committee supports three London primary schools situated in Southwark, Tower Hamlets and Stockwell. In addition to the financial support, these schools also receive a range of practical assistance from individual Liverymen. Structure, Governance and Management The Trustee is assisted by a Primary Schools Committee, comprising both Court members and other members of the company, which meets three times a year, and makes recommendations to the Trustee. Objectives and Actlv¥ties The overarching objective of Ihe Committee is lo provide help in areas of social deprivation and family breakdown, and this is achieved through its work with Primary School5. Within London this work centres on Grange School in Bermondsey, Chisenhale School in Tower Hamlets and St. Andrew's Church of England School in Stockwell. Achievements and Performance Each Sthool has a Liveryrnan on the Board of Governors and grants are awarded annually to assist the schools in funding projects that are not supported by public funds. The Primary Schools Committee maintains regular contact with the supported Schools. Grants totalling £71,900 were made to Primary SGhools in 2023. A list is at Appendix 4. Rebecca Ridley Renter Bailiff June, 2024 10
The Weavers, Company Benevolent Fund - Annual Report, year ending 31¥1 December 2023 Appendix 1 CHARITABLE GRANTS Major & Maln Grants Charity Grant£ IOO&First Foundation The grant awarded would support a project working with 15 men over 6 weeks, to deliver training and mentoring support at HMP The Mounl, and ullimately employment on release through partner companies. 10,000 Abram Wilson Foundation 'Fulure Sound Experien, delivered by the Abram Wilson Foundation is a Music Education Programme for 11-18-year-olds lacking opportunity for high-qu81ity music learning & development. An award contributed to project costs. 12,925 Escapeline Escapeline delivered educational programmes in schools, the comrnunity and with families, supporting those at risk of involvement with county lines gangs operating in Somerset & Dorset and al risk of being groomed and criminally exploited. An award was granted toward salary costs Io SLtpport the continued employment of Ihe key ex-offender youth mentor. 7,500 Glass Performance Working within HMP YOI Polmont, Glass Performance engaged young people in Greative arts activities to improve mental health and wellbeing, reduce isolation and loneliness, encourage participan15 to conlribule positively to their community and improve learning & employment opportunities. 12,700 In2Change In2Change ran projects at Rulland Hall - a growing purposeful community facility providing an alternative education curriculum. A grant contributed lo salary costs for a part time Texti18s TLrtor. 10,000 IVS Not Your Birthday But INYBB ran creative programmes in HMPYOI Fellham to help build skills and confidence. An award was agreed to support the pilot of a new projecl working with young offenders to develop its own card range for sale. 8,500 New Futures New Futures was a therapeutic and recovery centre in Leicester that provided a drop-in, outreach and counselling service lo vulnerable women experiencing abuse and exploitation. Salary costs were granted lo support a case worker to work with street-based sex workers involved in the criminal justice system. 24,000 Onwards & Upwards Set up in 2021, the company is supported by a steering group cornprising ex-gang members and aims to develop, test and launch social enterprises that Irain and employ ex-offenders. An award was granted to support a new projed - XO Bikes - providing training for 12 ex- offenders. 13,420
The Weavers, Company Benevolent Fund - Annual Report, yearending 31st December 2023 CHARITABLE GRANTS Major & Main Grants I Cont Charity Grant £ Release Mates Set up in 2022 by ex-offenders, Release Males provides a tailored Ihrough-the-gate, support package covering employment opportunities and mentoring for men leaving prison. Good traction was gained through 2022123 and the charity won a Stephen Lloyd award. An award was granted towards salary costs as the charity moves towards sustainability. 26,000 Standout An award was granted towards a mentoring programme benefitling 60 trainÈes in HMP Pentonville. The project would deliver menloring support in prison and through- the~gate and work with partners and employers from differenl sectors lo provide volunteering and ernployment opportunities for trainees on release. 15.000 Street Soccèr Street Soccer worked in HMP Brixton using football as a tool to engage offenders. An award contributed to the costs of a par time Prison Co-ordinator and enabled the programme to be extended lo 2 days a week in prison and for additional support to be provided post-release. 13,800 The Key: Unlock Potential The Key was working with the MOJ to build a café a short distance from HMP Bristol catering for 36. 11 would be open lo the public and staffed by ex-offenders and prisoners released on temporary licence. Food would be prepared by prisoners working with The Clink Charity to gain C&G qualifications. An award contributed to costs for the servery counter and equipment. 15,000 Veterans into Logistics A contribution to costs was granted to support a project providing HGV training for ex-offenders in the military veteran community to reduce unemployment and homelessness and give them an avenue to a stable and meaningful life. 14,176 West Steren A contribution to core costs supported the delivery of early intervention programmes to young people referred by local services and at risk of involvement with the criminal justice system. 10,000 MAJORIMAIN GRANTS, 2023 £192,021 12
The Weavers, Company Benevolent Fund - Annual Report, year ending 31st December 2023 CHARITABLE GRANTS Small Grants Charity Grant £ Prison Phoanlx Trust An award was granted towards a pilot project which would see prisonèrs studying digital development at HMPS Long Lartin, Frankland and Coldingley in order lo create an on-line course to help improve mental wellbeing and build emotional resilience. A trial had shown tangible results, and a grant was requested to scale delivery. 5,OQO Slreet Storage Street Storage provides free acGessible storage for those who are homelessness. collecting their belongings and taking them to safe storage sites. Street Storage has a network of linCed Zip Car drivers that includes ex- offenders who collect and deliver the belongings. A grant was contributed to project costs. 1,500 The No Way Trust No Way Trust is an education81 charity concemed with the welfare of children and young people, that has diversified into employing ex-prisoners to support delivery of their work and providing volunteering opportunities for serving prisoners. A contribution to costs was granted for an ex-offender employee to run Crime and Safety Awareness days for young people. 5,000 Disasters Emergency Committee A donation was made to DEC in support of the SyrialTurkey Earthquake Appeal. 1,250 SMALL GRANTS, 2023 £12,750 13
The Weavers, Company Benevolent Fund- Annual Report, year ending 3151 December 2023 Appendix 2 CHARITABLE GRANTS Casual Donations Charity Grant £ Bingham Primary School British Red Cross 500 250 Chichester Cathedral 500 High Ground Inside Out 500 500 Macari Foundation 500 Neighbours in Poplar Revival North Yorkshire 500 500 Snow Camp Spon End Preservation Trust Suffolk Library Services Sussex Snowdrop Trust (Feb) Sussex Snowdrop Trust (Octl Talk Club 300 500 500 500 500 500 The Branch Trust 500 The Simone Cowland Trust 500 The Wren Project 500 CASUAL DONATIONS, 2023 £8,050 SUMMARY Charitsble Grant Donations Majorlmain Grants Small Grants Casual Donations 192,021 12,750 8,050 TOTAL GRANTS AND DONATIONS. 2023 £212,821 14
The Weavers, Company Benevolent Fund- Annual Rewrl, year ending 31 December2023 Appendix 3 SUMMARY OF TEXTILE AWARDS The Weavers, Company Sllver Medal The Company's Silver Medal is awarded in recognition of an individual's conlribution to the weaving industry in the field of technology, managemenl, education, or the craft of weaving. In 2023 it was awarded lo Ms Angela Swan in recognition of her outstanding contribution to the Woven Textiles Industry and Textile Education. Awards to Educational Establishments The principal aim of the Weavers, Company is to uphold and enhance its traditions, its fellowship and its assets, allowing them to benefit the weaving and textile industry, Ihe chosen objectiV6s of the Company's charities, and future generations of the Weavers, Company. In 2007 it was agreed that a small number of colleges offering texlile-related degree courses be identified as centres of excellence to which the Company's grant giving would bè directed. Membership of that group is regularly reviewed and currently comprises De Montfort University, Falmouth University. Glasgow School ofArt, Manchester School ofArt, Nottingham Trent University and The University of Hudd@rsfield. This year, each of those colleges received SLtpport for students with a grant of £5,000 being allocated for them to distribute as bursaries to undergraduates in their final year of sludy on a textile-related degree courses. The same colleges were also invited to apply for funding to upgrade or renew existing equipment. A wider number of educational establishments offering textil&related degree courses were invited to submit two applications from their cohort of final year students for them to be considered for a Scholarship Award for Excellence. The company received 38 applications and awarded 4 Scholarships and 10 Commendations. Scholarships & Bursaries Scholarships and bursaries totalling £60,500 were awarded to studen15 at.. College Scholarship I Commendation £1,000 £1,000 Bursary De Montfort University Falmouth University Glasgow School of Art Manchester School ofArt Nottingham Trent University University of Huddersfield Central Saint Martins Heréford College of Art Heriot Watt University Loughborough University University of Leeds Total: £5,000 £5,000 £5,000 £5,000 £5,000 £5,000 £3,500 £1,000 £3,000 £9,000 £2,000 £7,000 £1,000 £2,000 £30,500 £30,000 The Company's top scholarship is the Stuart Hollander Scholarship that commemorates the life and work of Stuart Hollander CBE, a member of the Livery, who played a significant part in the UK textile industry. In 2023, the Stuart Hollander Scholarship was awarded to Fiona Purdon from Central Saint Martins. Support for Education Awards 15
The Weavers, Company Benevolent Fund - Annual Report, year ending 31st December2023 The Support for Education Award helps weaving departments to upgrade or renew existing equipment, purchase new equipment, or enable their students to gain experience of modern technology, and visit mills and factories. In addition to capital projects, Support for Education Awards also provide assis12nce with work experience plamentS, the purchase of yarns and projects linked lo industry which help students prepare for employment. In the acadèmic year 2023124, awards lotalling £66,453 were agreed. De Montfort Universlty.. £35,000 Contribution to purchase of an TC2 Loom (subject to receipt of malGh-fundingl Falmouth Universlty.. £7,953 Contribution lo costs for visiting lecturer Equipment maintenance Transport and travel costs Glasgow School of Art.. £9,000 Contribution lo purchase of an ARM Touch 60 Table Loom IsLJble¢t to receipt of match-funding) Manchester School of Art.. £9,000 Contribution to purchase of an ARM Touch 60 Table Loom Isubjecl lo receipt of malch-funding) Nottingham Trent University.. £5,5L)O Contribution lo purchase of 10 x Ashford table looms Yarn University of Huddersfleld.. No award Industrial Placements This is the 15th year that the Weavers, Company has used its industrial contacts lo identify textile companies wishing to take on new or recent graduates for a trial period of six months. The Company awards a grant of upto£7.000 as a contribution to salary costs, with the balan paid bylhe employing company. For the 12th year The Clothworkers, Company has very kindly agreed to match our funding, which enabled us lo place 11 students. In 2023 eleven placements were awarded totalling £74,200 Eleri Morris-stiff, maGnaUghtt Holdings Tassia Pope, Johnslons of Elgin Kellie Taylor, Mourne Textiles Kirstie Payne, Abraham Moon Kate Ruttle, Bower Roebuck Rukayalu Shonibare, Linton Tweeds Polly Armond, A WHainsworth Laura Tracey, HealhGoat F8briGS Emma Hope, JH Clissold Evangeline Williams, Heathcoat Fabric$ Helen Etherton, Araminta Campbell 16
The Weavers, Company Benevolent Fund - Annual Report, year ending 3151 December 2023 Other Awards & Expenses Making in in Textiles. In conjunction with the Clothworkers, Company, Drapers, Company Campaign for Wool, and the Woolmen, the Weavers, Company sponsored a conference in Bradford for final year graduations studying a texlile-related degree. The cost to the Weavers, Company was £8,710. The King's Foundation Future Textiles Programme- £10,000 Whitchurch Silk Mill reiVed an award of£3,000 as a contribution to the purchase of 2 8-shafl looms, warping mills, stands, shuttles and yams. UK Fashion & Textlles Assoclation. £10,000 towards Sustainability Conference New Designers - £3,100 SUMMARY Textile Grants & Donations Scholarship & Bursaries Support for Education Awards Industrial PlaentS Other 60,500 66,453 74,200 34,810 TOTAL TEXTILE GRANTS, 2023 £235,963 17
The Weavers, Company Benevolent Fund- Annual Report, year ending 31*1 Dember 2023 Appendix 4 PRIMARY SCHOOL GRANTS School Grant £ Grange Prlmary School (Southwark) Enrichment Activities & Trips (£15,000) Further Enrichment Trips1£5,0001 Weavers, Award1£1,000} End of Term Party1£300) £21,300 Chisenhale Primary School (Tower Hamlets) Early Years Playground Re-design & Re-surface {£20,000) Playground Equipment (£5,000) Weavers, Award (£1,000) End of Term Party (£300) £26,300 St. Andrew's Church of England Primary School Istockwèll) New set of reading books {£15,0001 SEN Equipment1£2,500} Marketing Programrne {£2,500) Weavers, Award1£1,0001 End of Term Party (£3001 £21,300 Coachinglmentoring for Headteachers £2,000 Richard Humphries Root & Branch Award In 2022, Richard Humphries donated £1,OLN) to the Primary Schools fund. It was agreed that this would be used to repair the schools, looms or provide yarn. £1,000 TOTAL PRIMARY SCHOOL GRANTS, 2023 £71 900 18