2024-12-31-accounts

'JTII Fpir The Worshipful Cornp3ny of Weavers The Weavers, Company Benevolent Fund Charity No.. 266189 Trustee's Report & Accounts Forthe Year Ended 31 December 2024

Contents Page General Information Trusteè's Report Independent Auditor's Report Financial Statements Statement of Financial Activities Balance Sheet io Cash flow statement li Note5 to the Financial Statements 12-19

The Weavers, Company Berievolent Fund 31 December 2024 General Information Full Name.. The Weavers, Company Benevolent Fund Registered Number.. 266189 Governing Instrument.. Trust deed dated 5 June 1973 Tru5tee'. Worshipful Company of Weavers Registered Address.. Saddlers, House Gutter Lane London EC2V 6BR Telephone.. [phone] Email.. [e-mail] Web51te'. www.weavers.org.uk Clerk to the Trustee.. James Gaselee Bankers: C Hoare & Co 37 Fleet Street London EC4P 4DQ CCLA PO Box 12892 Dunmow CM6 9DL Investment Advisors.. Canaccord Gersuity 88 Wood Street London EC2V 7QR Solicitors.. Lee Bolton Monier-williams l The Sanctuary London SWIP 3JT Auditors: Haysmac LLP 10 Queen Street Place London EC4R IAG Investments.. The Fund was not subject to the Trustee Investments Act 19613nd the original Declaration of Trust gave the Trustee wide investment powers.

The Weavers, Company Benevolent Fund 31 December 2024 Tru5tee'5 Report This report should be read in conjunction with the Benevolent Fund Anntjal Report. Details 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.. Mrs R.J. Ridley Mr P.M.J, Baxendell MrA.J. Winterton Mr J.R.H Bagley MrS.C. Combev Mr L.B. Tharp Mr N.P.M. Morris Mr M.G. Ye8ndle H,M. KingCharles111 Mr R.W. Townsend Mrl.G.Y Radcliffe, O.B.E, QV.R.M, T.D Mr C.D.R. Collinge Mr F.J. St. l. Tibbitts Mr J.L.C. Winterton Mr E.C.A .Martineau Mrs H.S. Wallace-Jones MrJ.F. Nugée Mr P.G. Cattermull Mr J. Garbutt IP, High Sheriff of Greater London Mr T.H,M. Gaddum Mr P.J.A. Towler Mr D.R.D. Hopkins Mr W.J. Makower Mrs P.C. Ouvry-Johns13ppointed 2 October 20241 Mr P,C.E Morris structure, governance and management The charity is governed by a Trust Deed dated 5 lune 1973, as amended by a Charitv 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 BenevDlent Fund without any restrictions on the use of the funds but, where appropriate. are managed as designated funds in recognition of the historic purposes of the smaller funds (see details on pages 16 and 171. The Trustee is assisted by three committees, comprising both persons listed above and other members of the Company, which meet two or three times a year and make recommendations to the Trustee. These are the Charitable 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 a￿ recruited from within the Livery of the Company. A Selection Committee meets every year to consider suitable members from within the Livery and makes recommendations to the Trustee. They may have had previous experience on one or more of the Companvs committee5, and receive a briefing on their responsibilities, iT)cluding 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 are3 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 Company's website.

The Weavers, Company Benevolent Fund 31 December 2024 Trustee's Report Icontlnuedl Achlevements and performance The Annual Report deta￿15 the achievements of these spending committees in 2024 and the programme of grants awarded during the year. It shows the impact made by the work and the benefits to the recipient organisations, who are expected to provide reports on the impact of grants received. Public Benefit As noted elsewhere in this report and in the accompanying Annual Report, the objects of the charity are for the benefit of the public, and its grants have been made furtherance of these objects. The Trustee has taken due account of the Charity Commission's guidance on Public 8eT)efit when considering the activities 3nd achievements of the charity. Financial Review Investment income in 2024 amounted to £460,640, an increase of £23,027 on the previous year's figure of £437,613. Voluntary income included donations from the Weavers, Company General Fund totalling £145,051 12023.. £127,243). a donation of £58,80012022.. £36,572) from the Clothworkers, Foundation to the designated Textiles Fund, legacies of £6,00012023'. £nill and other donations totalling £26,19212023.. £42,308). Within the total figure for donations, £6,625 was a restrictpd donation from the Shire Oak Trust to support UK students on the new Bsc Textiles Technology Course at Leed's University. 12023.. a restricted donation of £24,312 from the Makower prize fund to the Leeds University course), Expenditure included grants and donations from the designated funds totalllng £539,879 12023.. £520,684), donations from general fund5 of £15,75012023', £13,750), restricted fund donations of £13,25012023,. £20,500) and support costs of grant making of £80,72912023: £87,964). In 2023 a donation of £1,077,685 was given to the Weavers, A5mshouse Charities. Support costs comprised the adrninistration expenses referred to below. governance costs of £9,900 12023.. £9,22813nd administration costs related to grant making of £4,663 12023.- £6,658). In addltlon, an investment management fee of £52,17912023.. £47,126) was incurred. This resulted in total expenditure of £701,787 12023.. £1,767,7091, giving rise to net expenditure of £5,10412023'. expenditure of £1,123,973) before investment gain5 of £904,226 12023.. gains of £S35,9421. After taking these movements into account, there were total a55ets less current liabilities 3t 31 December 2024 of £15,811,01612023.. £14,911,8941. Within total funds there were four designated funds held in the Benevolent Fund. with a value at 31 December 2024 of £1,034,38012023.. £919,534). Details of these funds appear 3t note 9 on pages 16 and 17, with comparatives on page 19. A portion of the administration expen5e5 attributable to the charity totalling £66,16612023'. £72,078) is reimbursed to the We8vers' Company General Fund. This and other related party transactions are shown in the notes to the accounts.

The Weavers, Company Benevolent Fund 31 December 2024 Trustee's Report Icontlnuedl Investment policy 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 5tiategy has 3 balancèd investment objective anc4 a moderate risk emphasis. At 31 December 2024 the market value of investments W3s £15,736,52012023.' £14,845,557). Rtsk management and principal risks The assessment of risk is embodied ir¥ the management of the charity. The Weavers, Company s Audit Committee carries 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 principal risks are seen as being the effects of any longer-term significant reduction in inve5trnent income and the possibility of individual committees overspending their budgets. The latter risk is mitigated by careful monitoring of budget allocations between committee meetings. ThÈ Trustee does not believe that there is any material risk that the charity could not continue as a going concern as it has sufficlent 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 ir) response to any fall in income. Reserves At 31 December 2024 the total reserve5 of the charity were £15,811,01612023- £14,911,894), £16,524 of which were restricted12023; £22,312). There are no amounts tied up in fixed assets. Funds of 15.8m were therefore readily expendable at the Trustee's discretion. although an amount of £1,034,380 12023: £919,S341 was designated for the purposes of the smaller charities related to the Weavers, Company that were transferred into the charity in 2018, A reserves policy has been established after careful consideration of the charity's likely ongoing commitments to existing beneficiaries, the expected future trends in applications for assistan and the sources and reliability of ir>come. 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 3 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 this strategy. where future commitments to existlng beneliciaries can be reliably estimated. reserves are designated accordingly. Where support takes the form of loans, the value of the existing loans is also designated. Commitments that cannot presently be quantified are represented by a general, undesignated reserve. In principle reserves are managed by investing for real growth in capital and income, subject to an overriding requirement to meet future obligations. Whilst, in general, the expectation is that income will be fully disbursed, capital gains and any inward grants and bequests 3re retained in reserves to offset the risk of inflation and to maintain a risin8 income trend.

The Weavers, Company Benevolent Fund 31 December 2024 Trustee's Report Icontinuedl statement of Trustee'5 respDnslbillties Charity13w requires the Trustee to prepare, for each financial year, financial 5taternents which give a true and fair view of the state of affairs of the charity and of its financi31 activities for that period. In preparing those flnancial statements the Trustee is required to.. al select sultable accounting policies and then apply them consistently; bl make judgements and estimates that are reason3ble ancl prudent; cl state whether the policies adopted are in accordance with the Charities SORP, the Regulations made under 5ertion 145 of the Charities Act 2011 and with applicable 2ccounting standards. subject to an material departures disclosed and explained in the financial statements dl prepare the financial statements on a going concern basis unless It is inappropriate 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 statements comply with the Charities Act 2011. The Trustee is also responsible for safeguarding the assets of the charity and hence for taklng reasonable steps for the prevention and detection of fraud or other irregularities. Approved by the Trustee on 4 June 2025 and Signed on its behalf AJ Winterton Renter Bailiff

The Weavers, Company Benevolent Fund 31 December 2024 Independent auditors, report to the Trustee of the We3VEfs' Benevolent Fund Opinlon We have audited the financial statements of The Weavers, Company Benevolent Fund for the year ended 31 December 2024, which comprise the statement of firsancial attivities, the balance sheet, the cash flow statement and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standard5, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). I n our opinion, the financial statements.. give a true and fair view of the state of the charivs affairs as at 31 December 2024 and of the charity's net movement in funds for the year then ended- have been properly prepared in accordance with United Kin6dom Generally Accepted AccouT)ting Practice,. and have been prepared In accordance with the requirements of the Charities Act 2011. Basis for opinlon We have been appointed 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 in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further describecl in the Auditorfs responsibilities for the audit of the financial statements sectlon of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical St3ndaid, and we have fLJlfilled our other ethical responsibilities In accordance with these requirements. We believe that the audit evidence we have Dbtained is sufficient and appropriate to provide a basls for our opinion. Conclusion5 relatlng to going concern In auditing the financial statements. we have concluded that the Trustee's use of the going concern basi5 of accounting in the preparation of the financial statements is appropiiate. Based on the work we have performed, we have not identified any material Ljncertainties relating to events or conditions that, individually or collectively, may cast SlEnific3nt doubt on the charity's ability to continue as a going concern for a period of at least twèlve months from when the financial statements are authorised for issue. Our responsibilities and the responslbilities of the Trustee with respect to going concern are described in the relevant sections of this report. Other informatlon 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 2024 Independent auditors. report to the Trustee of the Weavers, Benevolent Fund (continued) does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility IS to read the other information and, in doing so, consider whether the other information is materially incon5iStent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent msterial misstatements, we are required to determine whether there is a material misstatement in the financi31 statements Dr a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misSt3tement of this other information, we are required to report that fact. 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 relation to which the charities IAccounts and Reports) Règulations 2008 requlre us to report to you if, in our opinion.. adequate accounting rècords 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 received all the information and explanations we require for our audlt. Responslbllltles of Trustee for the financlal ststements As explained more fully in the Trustee's responsibilitie5 Statement set out on page S, the Trustee is responsible for the prepar3tion 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 15 necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustee is responsible for assessing the charity's ability to continue 3E a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accoLinting unless the Trustee either intend to Ilquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditorfs responsibilitles for the audit of the ftnanclal statements Qur objectives are to obtain reasonable assurance about whether the financial statements as a 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 hiBh level of as5urarnce but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decision5 of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance wlth laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material

The Weavers, Company Benevolent Fund 31 December 2024 Independent auditors, report to the Trustee of the Weavers. Benevolent 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 operates, 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 also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 20113nd other factors such as taxation. We evaluated management's incentives and opportunitie5 for fraudulent manipulation of the financial statements lincluding the risk of override of controls) and determined that the principal risks were related to manual accountin8 journals. Audit procedures performed by the engagement team included.. Discussions with management including consideration of known or suspected instances of non-compliance with laws anci regulation and fraud., Evaluating manaEement's controls dèsigned to prevent and detect irregularities,. 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 Financial Reporting Council's website at.. www.frc.org.uVauditor5responsibilities. This description forms part of our auditorfs report. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregu13rities, including those leading to a material misstatement in the financial statements or non-compliance 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 501ely to the charity's Trustee, as a bo(4y, 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's report and for no other purpose. To the fullest extent er itted by law, we do not accept or assume r sponsibility to anyone other than the charity's tee as a body for our audit wor for thi port, or for the opinions we have formed. Io Haysmac LL Statutory Auditors 10 Queen Street Place London EC4R IAG Haysmac is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

The Weavers, Company Benevolent Fund 31 December 2024 5tstement of Financial Activities for the Year Ended 31 December 2024 Notes Restricted Unrestricted Funds Funds Total Total 2024 2024 2024 2023 Income from: Donations and legacies 6,625 229,418 236,043 206,123 Investment income 837 459,803 460,640 437,613 Total income 7,462 689,221 696,683 643,736 Expenditure on.. Investment management fees 52,179 52,179 47,126 Charitable activities- grant making Grants and donations 13,250 555,629 568,879 554,934 5L¥PPQrt costs of grant making 80,729 80,729 87,964 Donations to Weavers, AlmshoL¢se Charities 1,077,685 Total expenditure 13,250 688,537 701.787 1,767.709 Net gains on investments 904,226 904,226 535,942 Net lexpendSturell income for the year 15,7881 904,910 899,122 1588,0311 Reconclliation of Funds Funds brought forward 22,312 14,889,582 14,911,894 15,499,925 Funds carried forward 16,524 15,794,492 15,811,016 14,911.WJ4 The Weavers, Company Benevolent Fund has not acquired or discontinued any fundamental activities during the above two financial years. The notes on pages 12 to 19 form part of these financi315t3tement5.

The Weavers, Company Benevolent Fund 31 Decembèr 2024 Balance Sheet as at 31 December 2024 Notes 2024 2021 2023 2023 Fixed Assets Investments 15,736,520 14,865,557 Current Assets Debtors 25,488 2,720 Cash at bank and in hand 121,714 160,514 147,202 163.234 Creditors Amounts falling due within one year 172,7061 1116,8971 Net current assets 74,496 46,337 Total assets less current Ilabllitles 15,811,016 14,911,894 Funds Restricted Fund5 16,524 22,312 General Funds 14,760,112 13,970,048 Designated Funds 1,034,380 919,534 Total 15,811,016 14,911,894 The funds stated above include an excess of investment market value over c()st of £5,571,84712023- £5,052,1531. The notes on pages 12 to 19 form part of these financial statements. Approved by the Trustee on 4 June 2025 and signed on its behalf. AJ Winterton Renter eailiff io

The Weavers, Company Benevolent Fund 31 December 2024 Cash flow 5tatement- for the year enderl 31 December 2024 2024 2023 Cash flows from operating activlties Net cash used in operating activities 1467.2881 11,588.1171 Cash flows from investing activities Investment income received 460,640 437,613 Purchase of investments 12.496,8501 13,695,096) Transfer of investments from Weavers. Company 1122,5511 1119,9931 Sale of investments 2,587,249 3,793,698 Transfei of investments to Almshouse Charities 1,012,685 Repayment of ProEramme Related Investment 65,000 Net cash provided by investing activities 428,488 1,493,9Q17 Change In cash and cash equlvalents In the year 138.8001 194,2101 Cash and cash equivalents at the start of the year 160,514 254,724 Cash and cash equivalents at the end of the year 121,714 160,514 Reconclllatlon of net movements in funds to net cash provlded by operating activitles 2024 2023 Net incomellexpenditurel for the year las per the SOFA) 899,122 1588,0311 Adjustments for., Gains on investments 1904,2261 1535,9421 Investment income 1460,6401 1437,6131 IlncreasellDecrease in debtors 122,7681 11,896 Decrease in creditors 144,1911 16,2731 Decrease/llncrea5el in investment cash 65,415 132,1541 Net cash used in operatlng activities 1467,288) 11,588,117} li

The Weavers, Company Benevolent Fund 310ecember 2024 Notes to the accounts for the year ended 31 December 2024 l. Accounting Policies 1.1 Basis of preparatlon The Financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021, The charity is a public benefit entity for the purposes of FRS102 and therefore the charity has also prepared its financial statements in accordance with the Statement of Recommended Practice 3ppIic3ble to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland Ithe FRS 102 Charities SORPI. The accounts also comply with the Charities Act 2011 and regulations made thereurider, except that the Charities Accounting and Reporting Regulations 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 basis Is appropriate and has considered possible events or Conditions that might cast significant 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 expectatiors that the charity has adequate resources to continue 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 policie5 adopted, llo judgements were required that have a significant effect on the amounts recognised in the financial statements, nor do any estimates or assumptions made carry a Significant risk of material adjustment in the next financial year. 1.2 Recognition of a55ets and liabillties Assets and liabilities are initially measured at cost or transaction value. Market investments are re-measured at fair value at the balance sheet date. The market bid price is taken as fair value as the charity only holds simple financial instruments. Grant Commitment5 which are not legally binding are accrued a5 liabilities when the recipient has been informed of the grant award, 1.3 Grants payable Grants payable are 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 charitys three spending.committÈes are shown by way of an appendix to the attached report. 1.4 Income Income is recognised on an 3ccru315 basis. Donations for immediate expenditure are accounted for when they become receivable. A donation 15 receivable at the point when the charity IS entitled to the income, its receipt is probable and the amount due can be quantified with reasonable accuracy. Donations received for specific purposes are treated as restricted funds. Grants restrlcted to future accounting periods are deferred and recognised in those periods. 12

The Weavers, Company Benevolent Fund 31 December 2024 Notes to the accounts for the year ended 31 December 2024 Icontlnuedl l. Accounting Policies Icontinuedl 1.5 Allocation of costs All costs are allocated between function5 35 3ppropriate according to the nature of the cost. Grants and donations are shown separately. Other charitable activiti&s comprise support costs relating to the provision of grants and other support to qualifying bodies. 1.6 Fixed asset Investments I nvestments 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 Realised and unreallsed galns and losses All realised 8ains and losses are recognised in the accounts. Permanent diminution in the value of fixed assets is charged to the Statement of Financial Activities. 2. Voluntsry Income Re5tritted Unrestricted Funds Funds 2024 2024 Total Total 2024 2023 Donations from the Worshipful Company of Weavers, General Fund Donation from the Clothworkers, Foundation Legacies Donation from the Shire Oak TrustlhAakower Fund (see note 91 Other donations 145,051 145,051 127,243 58,800 6,000 58,800 36.572 6,000 6,625 6,625 24,312 19,567 19.567 17,996 229,418 236,043 206,123 6,625 3. Investment income Restricted Unrestricted Funds Funds 2024 2024 Total Total 2024 2023 Investment portfolio Income Bank interest 456,755 456,755 434,948 3.048 3,885 2.665 459,803 460,640 437,613 837 837 13

The We3vers' Company Benevolent Fund 31 December 2024 Notes to the accounts for the year ended 31 December 2024 (continued) 4. Charitsble Actlvitie5- grant maklng Restricted Unrestricted Funds Funds 2024 2024 Totsl Total 2024 2023 Grants made from designated funds.. charitable Grants Fund Textiles Fund Primary Schools, Fund UKFT- Leeds Bsc Textile Course Guildh311 School of hAusic Lord Mayor's Appeal Onwards & Upward5 IU8 Charity 20241 St Sepulchre IU8 Charity 20241 Sheriffs, & Recorder's Fund City & Guilds St Paul's Cathedral Foundation City of London Freemen's School Ukraine Chaine Siobhan's Trust Compass Ghana IUB Charity 20231 Support costs 194,224 194,224 212,821 281,455 281,455 235,963 64,200 64,200 71,900 13,250 10,000 2,000 1,000 500 1,000 500 500 250 13,250 10,000 2,000 1,000 500 1,000 500 500 250 6,000 2,000 I,O(K) 500 500 250 s,000 17,500 1,500 80,729 80,729 87,964 636.358 649,608 642,898 13,250 Details of the grants and dornations made by the Charitable Grants Fund, the Textiles Fund and the Primary Schools Fund are inclucied by way of an appendix to the accompanying report. SLJpport costs include governance costs comprising audit fees of £9.900 12023.. £9,228), administration costs reimbursed to the Weaver5' Company General Fund relating to rent, rates, servlces, staff and other costs totalling £66,16612023: £72,078), and administration costs re13ted to grant making of E4,66312023'. £6,658). 14

The Weaver5' Company Benevolent Fund 31 December 2024 Notes to the accounts for the year ended 31 December 2024 (continued) 5. Fixed asset Investment5 2024 2023 Quoted investments.. Market value b/f Additions at c(>st Transfer from Weavers, Company Transfer to Almshouse Charities Disposal proceeds Realised gains Unre31ised gains Market value clf Cash awaiting investment Total market value at 31 December 14,750.505 2,496,850 122,551 15,205,857 3,695,096 119,993 11.012.685) 13,793,6981 81,102 454,840 14,750,505 115,052 14,865,557 12,587,249) 17,158 887,068 15,686,883 49,637 15,736,520 Nistoric cost at 31 December 10,164,673 9,813,404 Excess over cost at 31 December 5,571,847 S,052,153 6. Debtors due within one year 2024 2023 Grft aid recoverable Prepayments and accrued income 2,213 23,275 25,488 1,950 770 2,720 7. Credltors due wlthln one year 2024 2023 Related porty creditors.. Weavers, Almshouse Charities Accrued grant commitments Isee note 81 Other creditors 2nd accruals 2,703 46,100 23,903 72,706 1,522 93,000 22,375 116,897 15

The We3vers' Company Benevolent Fund 31 December 2024 Note5 to the accounts for the year ended 31 De￿mber 2024 Icontinuedl 8. Accrued grant commitments Contracteol 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.. 2024 2023 Support for Educatior> Awards Student placement grants Primary School giant5 Charitable Grant Fund grants 30,000 14,000 2,100 53,000 7.000 18,000 15,CQO 93,000 46,100 9. Summaryof Funds Brought Transfers forward Income Expenditure Investment gains Carried forward 2024 2024 2024 2024 2024 2024 Restricted Fund Designated Funds GerTeral Funds Total funds 22,312 7,462 919,534 500,000 108.826 13,970,048 1500,0001 580,395 14,911.894 696,683 113,2501 1541,8081 1146,7291 1701,7871 16,524 47,828 1.034,380 856,398 14,760,112 904,226 15.811,016 Restrlcted Fund During 2024, the Shire Oak Trust donated £6,625 to the charity to support UK studerit5 on the new Bsc Textiles Technology Course at Leeds University12023.. £24,312 donated from the Makower Prize Fundl. Grants of £13,250 were made12023.. Enill. General Funds In 2024, £500,(K)012023'. £500,000) was allocated from total unrestricted funds to three designated funds, the Ch3rlt2ble Grants Fund, the Primary Schools Fund and the Textiles Fund. Details of these fund5 are shown below. Desi nated Funds These comprise four funds, followin8 the winding-up of the charities comprising the Common Investment Fund and the separation of the Primary Schools Fund from the Millenni21 Fund. The movements on each designated fund are shown below. 16

The Weavers, Company Benevolent Fund 31 December 2024 Notes to the accounts for the year ended 31 December 2024 Icontinuedl 9. Summary of Funds Icontlnuedl Charttsble Grants Fund Admlnistered by the Charitable Grants Committee against an annual budget 3llocation12024.. £220,000, 2023.. É220,0001- Grants totalling £194,224 were awarded12023: £212,8211. Millennial Fund Launched in 1995 to receive donations from members of the Company with the aim of building a significarit 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 Companvs significant annDiersaries, Prfmary Schools Fund Administered by the Primary Schools Committee against an annual budget allocation12024.. £60,000, 2023: £60,000). Grants totalling £64,200 were awarded12023.. £71,900). Textile Fund Administered by the Textile Committee against an annual budget allocation12024.. E220,0(N), 2023- £220,000). Grants totallin8 £281,455 were awarded12023.. £235,963). Summary of designated fvnds Charitsble Grants Millenial Primary Schools Textlle Total 2024 2024 2024 2024 2024 Income Voluntary income I nve5tment income Grant allocation from unrestricted fund Total income 25,567 24,159 58,800 300 220,000 279,100 84,367 24,459 500,000 608,826 220,ODO 220,000 60,000 60,000 49,726 Expenditure Grants per Annual Report Support costs Total expenditu 194,224 64,2(K) 281,455 1,929 283,384 539,879 1,929 541,808 194.224 64,2 5urplus/lDeficit} 25,776 49,726 14,2001 14,284 67,018 Income balance b/f Capital balance b/f Investment gains Total de51gnated fund clf 11,051 6.412 69.712 87.175 832,359 47,828 65,428 1,034,380 832,359 47,828 929.913 36,827 2.212 17

The Weavers, Company Benevolent Fund 31 December 2024 Notes to the accounts for the year ended 31 December 2024 Icontlnuedl 10. Related partles The Weavers. Company 8enevolent Fund and the Weavers, AlmshoL*se Charitie5 are administered by a Common Trustee, who, at 31 December 2024. was the Weavers, Company. A portion of the administration charges paid by the Weavers, Company Benevolent Fund is paid to the Weavers, Company General Fund as explained in note 4. Theie were no transactions with the persons comprisin8 the Trustee body. In some cases these persons held other trusteeships and were, as a matter of policy, represented on the governing bodiE5 of beneficiary schools. They did not benefit personally from any grants made and accordingly these grants are not considered to require additional disclosure. Summary of Totsl Funds forthe year ended 31 December 2023 (for comparative purposes) Brought Tryansfers forward Income Expendlture Investment gains Carried forward 2023 2023 2023 2023 2023 2023 Restricted Funds Ukraine Appeal Makower Fund Total restricted funds 20,500 120.5(XJI 12,0001 122,5C()) 24,312 24,312 22,312 22,312 20,5C4J Designated Funds General FLJnds Total funds 838,891 500,000 76,920 1523.8201 14,640,534 1500,0001 542,504 11,221,389) 15,499,925 643,736 11,767,709 27,543 919.534 508,399 13,970,048 535,942 14,911,894 18

The Weavers, Company 8enevolent Fund 31 December 2024 Notes to the accounts for the year ended 31 December 2024 Icontinuedl Summary of Designated Funds for the year ended 31 De￿rnber 2023 (for comparative purposes} Charitsble Grants Millenial Primary Schools Textlle 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 22,352 500,000 576,920 220,000 220.000 60,000 40,348 60,000 220,000 256,572 Expendlture Grants per Annual Report SLJpport costs Total expenditure 1212,8211 1651 1212,8861 171,9001 1235,9631 1520,6841 13,0711 13,1361 171.9001 1239,0341 1523.820} SurplusllDefldtl 7.114 40.348 111,9001 17,538 53,100 Income balance b/f Capital balance blf Investment gains Total designated fund clf 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 19

The Worshipful Company of Weavers THE WEAVERS, COMPANY BENEVOLENT FUND Annual Report for the year ending 31 st December 2024 Charity No. 266189 The Worshipful Company of Weavers Saddlers, House Gutter Lane, London EC2V 6BR

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Summary The income of the Weavers, Company Benevolent Fund may be applied to any charitable purpose. In 2024 Ihe following funding was provided for the three spending committees.. The Charitable Granls Committee The Textile Committee £220.000 £220,000 £60,000 The Primary Schools Committee Appendices: List of Major Grants App1 List ofAnnual Awards And Casual Grants App2 List of Textile Awards App3 Summary of Primary School Grants App4 Annual Accounts: This Report forms a part of the Annual AGcounts, which are bound separately.

Charitable Grants Committee Report Surnmary The Charitable Grants Committee focuses on supporting the rehabililation of offenders, particularly young offenders and other under-represented groups, both in prison and after release and young people from disadvantaged and socio-econornically challenged groups. Structure, Governancè and Management The Trustee is assisted by a Charitable Grants Committee, comprising both Court members and other members of the Weavers, Company (the, Company,), which meets three limes a year, and makes recommerKlations lo the Trustee. Objectives and Activities sin￿ 2006 the aims of the Charitable Grants Committee have been lo.. la) Support offenders & ex-offenders (particularly those under 30 years of age) Ib) Help disadvantaged young people. In October 2023 those aims were reviewed and I￿0 grant programmes were introduced - a Main Grants Programme and Small Grants Programme. The primary focus of the Committee is to.. Support offènders into work, particularly young offenders. Help under-represented groups, both in prison and after release. The Committee's secondary focus is to.. Support young people from disadvantaged and socio-economically challenged groups. Within the above categories, Glear guidelines are published to assist those applying for grants. Guidellnes The Company's preference is to fund smaller charities and those instigating bespoke projects. However, the size of an organisation is not relevanl when making an application, bLrt it is important for applicants to be able to demonstrate the impact any grant awarded would make.

Funding Levels The Small Grants Programme has a cap of £5,000. The Main Grants Programme is uncapped, but applicants are advised lo research typical grant sizes previously made by the Benevolent Fund by looking at previous Annual Reports on the Charity Commission website. Work the Committee would consider funding: Pump priming where a grant would support a project piloting new approaches and where the grant would form a major element of the funding or where it would be matched by other funders. Projects wh8r8 funding would be for an identified purpose. Overheads associated with a project, 6.g. 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 successfLtI projècts which had proved their worth. Emergency or deficit funding, in exceptional circumstances, to an organisation which the Company knows well or had previously supported. Work that falls outslde the guidelines: Universities or colleges. Physical, mental and developmental disabililies, and medical research or medical conditions, including drug and alcohol addiction. Environmental projects. Work in promotion of religious or political causes. Sponsorship, marketing appeals and fundraising adivities. Endowment appeals. Work that has been completed, or will be completed, while the application is being considered. Capital projects to provide compliance with the Disability Discrimination Act. Grants to individuals or to causes that will benefrt 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 costs including building work and renovations. Immigration legal fees or visa applications.

Achi8v8ments and Performanco Grant making activilies The Trustee allocated income in three ways.. Main Grants, which met the criteria and guidelines for such grants, and which were fully investigated and assessed., Small Grants, which mel the criteria. bLrt which did require a full assessmenl., and Casual donations, which fell outside the main criteria, but which were mnsidered by the Trustee to merit a small donation. During the y6ar, the Committee continued with its policy of preferring one-off projects and keeping its forward commitments to a minirnum. Appllcatlons 322 applications were received from Ihroughout the United Kingdom. from these 20 applications for a Main Grant were formally assessed and 13 awards made. A further 7 grants were awarded for appliGations not subject to fomal assessment. 4 small awards were granted Out of Committee. The Company considers applications from all regions of the UK and prospective applicants may download both the Guidelines and Application Form at www.weavers.or Applicants are strongly urged to study the guidelines carefully before proceeding but many continue lo rely on the limited information given in (often out-dated) directories of granl-giving trusts and consequently submit proposals which do not meet our criteria,. a sad waste of lime and r8sourGes.

Assessment Visits Members of the Company were invited to visit chariti85 which had applied for main grants with their reports forming an important part of the assessment process. All the projects were of a very high standard and varied from ommunity-based projects to those involved with offenders and ex-offenders, with the emphasis on the latter calegory. 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. Monltoring and Evaluation The Company maintains contact with sucGessful applicants and monitors projects through progress reports. Some of the work supported by the Company is also independently evaluated., these reports and evaluations infomi grant- making policy and disseminate examples of good 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 ever before. It is known that with the right support on release, offenders are less likely to re-offend and the rehabilitation of young offenders, particularly, 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 inteNention projects to support youn9, 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-elhnic, 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 incre8sed risk of exploitation and involvement with gangs and knifé crime. Modern technology, rnass production and social media mean young people have much higher expectations than in the past and there is intense peer pressure to acquire what are seen as the signs of SUC￿Ss, particularly on those who are under-aGhievers, suffering low self-esteem. Against this background, the Trustee acknowledges the continuing and increasing value of the work being carried out by the Charitable Grants Committee. Charitable grants and donations totalling £194,224 were made in 2024. These are listed in Appendices 1 and 2.

Textile Committee Report Summary The Weavers, Company seeks to build on almost nine hundred years of involvement in the craft and manufacture of textiles, especially weaving. The primary aim is to encourage excellence in all spheres of the United Kingdom woven textile industry by identifying, supporting and nurturing exceptional students training for, and young lalenl working within, the industry,. supporting centres of excellen￿ in textile edu¢ation,' and by recognising and working with those who have made the most significant Gonlribution to the industry. Structure, Governance and Management The Trustee is assisted by a Textile Committee, ¢omprising both Court members and other members of the Cornpany, which meets twi￿ a year, and makes recommendations lo the Trustee. Objectives and Activltles The Textile Committee meels regularly to select recipients of scholarships, to assist textile educational establishments in providing the training necessary to properly equip studer)ts to work in the modem textile industry and lo make awards to people in industry. Achlevements and Performance The scope of the support given conlinues lo grow. From 23 applications received 4 Scholarship Awards for EX￿llenGe and 5 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 17 placements (jointly funded by Ihe Clolhworkers, Company) within the textile industry for students re￿ntlY graduating with a textile- related degree. With the Textile Livery Group. the Committeè helped fund a number of initiatives, including UKFT-led schemes, Sustainability Conference and the development of a new undergraduate Bsc Textiles Technology course at Leeds University. Visits are made to the supported textile establishments to monitor the grants that have been made and to assess the need for future financial assistance. Efforts are also made lo maintain contact with individuals thal have received awards and scholarships. Textile grants and awards totalling £281,455 were made in 2024. A summary is at Appendix 3.

Primary Schools Committee Report Summary The Primary Schools Committee supports three London prirnary schools situated in Lambelh, Southwark and Tower Hamlets. In addition lo the financial support, these schools also receive a range of waclical assistance from individual Liverymen. structure, Governance and Management The Trustee is assisted by a Primary Schools Committee, comprising both Court members and other members ofthe Company, which meets three lirnes a year, and makes recommendations to the Trustee. Objectlves and Actlvltles The overarching objeGtive of the Committee is to provide help in areas of social deprivation and family breakdown, and this is achieved through its work with Primary Schools. Within London this work centres on Grange School in Bermondsey, Chisenhale School in Tower Hamlets and St. Andrews Church of England School in Stockwell. Achievemonts and Perfomiance Each School has a Liveryman 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 règular contact with the supported Schools. Grants totalling £64,200 were made to Primary Schools in 2024. A list is at Appendix 4. Andrew Winterton Renter Bailiff June, 2025

Appendix 1 CHARITABLE GRANTS Major & Main Grants Charity Grant £ 3 Plllar3 Project 3Pillars would support men working on prison day release work placements, providing an opportunity lo employ young men in open conditions. 10,000 Beatlng Tlme I Recruitment Junction Joint funding would support scaling of delivery of th8 'Inside Job Programme, a peer-led, in-prison employment consultancy, supported by specialists in the community and that helps prison leavers find jobs 20,000 Growlng for Good Growing for Good was an innovative social enterprise providing horticultural training and employment lo women in prison or recently released. 15,000 Oswln Project Oswin works with prisons, employers and partners to create changes for ex-offenders and break Ihe cycle of re-offending. An award was granted lo support prisoners learning horticultural skills on the Market Garden in HMP Northumberland 10,000 Project Re-make Project Re-make would deliver a business skills entrepreneurship training and mentoring programme pre and post release to support ex-offenders achieve e¢onornic independence. 10,000 Launch-lt, stoke on Trent Launch It works throughout the UK lo support young people into employment. An award was agreed to open a new ￿ntre in Stoke-on-Trent, providing hub for both local young entrepreneurs and the wider committee with a mixlure of co-working space and individual studio hubs. 16,000 Liberty Kitchen Liberty Kitchen supports prison leavers into sustainable employment delivery hands-on catering and enlerprise training in prison leading to recognised qualifications. Post-release, Liberty Kitchen provides employment on market stalls and at events. 20,000 Next Chapter Scotland PumTrpriming funding was agreed to enable Next Chapter Scotland to provide a seNice of personalised email and telephone support for people with a conviction for a sexual offence. 5,000 Prison Radlo Association PRA would work with the literacy charity, The Shannon Trust, to develop radio features promoting services for foreign national prisoners to learn English whilst serving their sentence. The project would be broadcast into the cells of prisoners across England and Wa18s via National Prison Radio. 13.653 10

CHARITABLE GRANTS Major & Main Grants I Cont Charity Grant £ Thanet Community Development Trust An award was agreed lo enable Thanet CDC to develop a new project 'New Beginnings, that would support young ex-offenders and young people to gain qualifications and jobs in the catering and retail sectors. 18,753 Timebanklng UK A contribution had been requested lo pilot the delivery of a project in Cambridge with ex-offenders on probation undertaking community pay back hours. An ex-offender would spend time helping someone who would assist the ex-offender in return. 5,000 Trailblazers Mentoring Funding was agreed to establish a pilot programme of mentoring and skills Iraining al HMP Bullingdon, supporting 40 men pre and post release. 10,000 Urban Uprising Urban Uprising would deliver Glimbing programmes supporting those involved in the scheme lo work towards a certificate from the National Indoor Bouldering Awards Scheme. 7,569 MAJORIMAIN GRANTS, 2024 £159,975 11

CHARITABLE GRANTS Small Grants l Out of Committee Charity Grant£ Cartwh881 Youth & Community Centre Pump priming funding was agreed to enable Cartwheel Youth lo reintroduce a new programme of youth work. 5,000 Give A Book An award was granted to support a project in HMP Isis to develop a reading strategy that would engage offenders. 2,500 Impact & Skills Foundation An award was agreed to establish a Waxing, Facial and Artificial Nails programme providing vocational training in Ihe beauty induslry to female offenders and ex-offenders. 5,000 Jericho Road An award was granted to support IhÈ Prison Visiting and Resettlement Programme delivered by Jericho Road to help f8rnale offenders involved in the sex industry. The programme airns to help them rnake positive choices that enables them leads them away from destructive behaviours on release. 5,000 Ouffits Outfits works with prisons. supporting those released by providing clothing that is sourGed from completed film and TV productions. 1,000 Prodigal Arts Prodigal Arts helps offenders and ex-offenders realise their creative talent by delivery art programmes in prison and providing ongoing mentoring post release. An award was agreed to support delivery in a secure children's home in Bristol. 2,500 Release Mates Release Males provides a tailored 'through-the-gate' support for men leaving prison. With further lunding secured for project delivery during 2024, an exceptional award was agreed for costs relating to charity registration to be paid before receipt of the secured awards. 3,500 Sandwell Youth In Action An award was agreed for a bespoke youth ex-offenders club that would provide skills training for 14 ex-offenders, coupled with mentoring support for the individuals themselves and the wider farnily affected by the imprisonment. 2,500 Sheriffs, & Recorders, Fund Two awards were granted.. la) A contribution to the Fund in August 2024 {b) Sponsorship for Intoleran￿, Trials & Error 499 250 XO Bikes Sponsorship for The Great Escape bike ride to raise funds for XO Bikes 1,000 SMALL GRANTS, 2024 £28,749 12

Appendix 2 CHARITABLE GRANTS Casual Donations Charity Grant £ All Saints Kingston Arbelour 500 500 Bedworth Armistice Committee 500 Huguenot Museum Lee Rigby Foundation London City Orchestra Matt Hampson Foundation Mind 500 500 500 500 500 Queen Mother's Clothing Guild Suffolk Libraries 500 500 The Monastery, Manchester 500 CASUAL DONATIONS, 2024 £5,500 SUMMARY Charitsble Grant Donations Majorlmain Granls Small Grants Casual Donations 159,975 28,749 5,500 TOTAL GRANTS AND DONATIONS. 2024 £194,224 13

Appendix 3 SUMMARY OF TEXTILE AWARDS The Weavers, Company Sllvèr Medal The Company's Silver Medal is awarded in recognition of an individual's contribution to the weaving industry in the field of technology, managemenl, education, or the craft of wèaving. In 2024 it was awarded to Mr lan Angus Mackenzie in recognition of his outstanding contribution lo the Woven Textiles Industry and Textile Education. Awards to Educational Establishments The principal aim of the Weavers, Company is to uphold and enhance ils Iradilions, its fellowship and its assets, allowing them to benefit the weaving and textile industry, the chosen objectives of the Company's charities, and future generations of the Company. In 2007 it was agreed that a small number of colleges offering textile-relaled degree courses be identified as Genlres of excellence lo which the Company's grant giving would be direrted. 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 Huddersfield. Each of those colleges received support for students wilh a small grant being allocated for them to distribute as bursaries to undergraduates in their final year of study on a textile-related degree courses, The same colleges were also invited to apply forfunding to upgrade or renew existing equipment. A wider number of educational establishments offering textile-related degree courses were invited lo submit two applications from their cohort of final year students for them to be onsidered for a Scholarship Award for Excellence. The company received 23 applications and awarded 4 Scholarships and S Commendations. Scholarshlps & Bursaries Scholarships and bursaries tolalling £43,000 were awarded to students al.. College Scholarship I Commendation Bursary De Montfort University Falmouth University Glasgow School of Art Manchester School of Art Nottingham Trent University University of Huddersfield Central Saint Martins Heriot Wall University Total: £1,500 £5,000 £5,000 £5,000 £5,000 £1,500 £1,000 £3,000 £3,000 £3,000 £6,000 £4,000 £20,000 £23,000 The Cornpany'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 2024, the Stuart Hollander Scholarship was awarded to. Alexandra Clark from Central Saint Martins 14

Support for Education Awards: The Support for Education Award helps weaving departments to upgrade or renew existing equipment, purchase new equipment, or enable their students lo gain experience of modern technology, and visit mills and factories. In addition lo capital projects, Support for Education Awards also provide assistance with work experien￿ placements, Ihe purchase of yarns and projects linked to industry which help students prepare for employment. In the academic year, 2024125 awards totalling £50,792 were made. This represented a total of £59,792 of awards for 2024, less a refund of £9,000 received from Glasgow School of Art as match funding for the award made in 2023 had not been obtained. De Montfort University.. £13,000 Conlribulion to purchase of a Rapier Sample Loom Falmouth University.. £8,560 Mill visits & New Designers Student Internships TC2 Warp Glasgow School of ArL' £3.305 Residential stay al DLJmfries House- Future Texts'les Wool Revolution Programm8 Manchester School of Art.. £30,000 Match funding towards purohase of a TC2 Loom Nottingham Trent University.. £4,927 Jacquard Weaving Support Beams for Ashford Looms and yarn Unlverslty of Huddersfield: No application received Industrlal Placements This is the 16th year the Weavers, Company has used its industrial contacts to identify textile companies wishing to take on new or recent graduates for a trial period of six months. The Company awards a grant of up to £7,000 as a Gonlribution to salary costs, with the balance paid by the employing company. For the 131h year The Clothworkers, Company very kindly agreed lo match our funding, which enabled us to pla￿ 17 students. In 2024 seventeen placements were awarded totalling £117,600 Olivia Wilson, Margo Selby Becky Bullas, Chase Erwin Eva Kerley, Mourne Textiles Sophie Woodfield, MaGnaughton Holdings Prabhjot Kaur, JH Clissold Likhith Ramachandra, Abraham Moon Samuel Briggs, Abraham Moon Isabel Macsween. Marton Mills Amelia Axford, Wallace Sewell Lois Cowie, Johnstons of Elgin Leah Martin, Magee Weaving Amy-Joy Newcombe, Margo Selby Anita Sarkezi, Alex Begg Lisa Mccallum, Aran7inta Campbell Hannah Brown, Heathcoat Fabncs Laura Sillitoe, Healhcoat FabriGS Ruby Gardner, Dash & Miller 15

Other Awards & Expenses Making in in Textiles. In conjunction with the Clothworkers, Company, Drapers, Company, Campaign for Wool, and the Woolmens, Company, the Weavers, Company sponsored a conference in Bradford for final year graduations studying texlile-relaled degree. The cost to the Company was £8,963. The King's Foundation: Atelier Tralnlng Programme {Dumfries House).. £5,000 British Textile Biennial: £3,000 Zurbaran Trust {Th9 Auckland Project): £1,500 stephanie Rolph (Mono Material Research Project): £2,250 CockpltArts: £8,000 New Designers: £3,100 UKFT: Textile Technlclan Trainlng Scheme.. £5,000 Made It Bursary: £10,000 Sustainability Conference.. £S,000 UKFT Futures Wèbsite." £5,000 Leeds University, BS¢ Textile Innovatlon & Sustainability Course: £13,250 SUMMARY Textile Grants & Donatlon8 Scholarship & Bursaries Support for Education Awards Industrial Placements Other Awards & Expenses 43,000 50,792 117,600 70,063 TOTAL TEXTILE GRANTS, 2024 £281.455 16

Appendix 4 PRIMARY SCHOOL GRANTS SGhool Grant£ Grange Primary School (Southwarkl Speech & Language I Play Therapy (£20,000} Weavers, Award {£1,000) End of Term Party (£400} £21,400 Chisenhale Primary School (Tower Hamlets) Early Years, Playground Re-design & Re-surface (£5,000) Smartboards1£15,000) Weavers, Award (£1,000) End of Term Party1£4001 £21,400 St. Andrew's Church of England Primary School Istockwell) Performance Partnership Leadership & Teaching Equipmenl1£20,000) Weavers, Award {£1,000) End of Term Party1£400) £21,400 TOTAL PRIMARY SCHOOL GRANTS, 2024 £64,200 17