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 b￿dget5.
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 exp￿5$ 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 De￿rnber 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 De￿rnber 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- Con￿S1Onary 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
re5￿Med 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 De￿rnber 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 De￿rnber 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

This page is intentionally left blank

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 inte￿entIOn 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 li￿nCed 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 pla￿mentS, 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 re￿iVed 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 Pla￿￿entS
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 De￿mber 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