'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..
020 7606 1155
Email..
weavers@we3vers.org.uk
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

This page is intentionally left blank

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
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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