2021-05-31-accounts

			Page
Reference and Administrative		Details ofthe Charity, its Trustees and Advisers
Trustees' Report			2-4
Independent Auditors'	Report	on the Financial Statements	5-8
Statement of Financial	Activities
Balance Sheet			10
Statement of Cash Flows
Notes to the Financial	Statements		12-23

For the year e	nded		31 May 2021
					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
				Note	f.		E
income from:
Donations and	legacies				46,141	46,141	42,208
Investments					19,228	19,228	24,177
Total income					65,369	65,369	66,385
Expenditure on:
Charitable activities:
Awards and	donations				39,863	39,863	40,596
Support cost					19,757	19,757	13,309
Governance					4,090	4,090	3,530
Total expenditure					63,710	63„710	57,435
Net gains/(losses)		on investments			86,540	86,540	(29,538)
Net movement	in	funds			88,199	88,199	(20,588)
Reconciliation	of	funds:
Total funds brought			forward		731,879	731,879	752,467
Net movement	in funds				88,199	88,199	(20,588)
Total funds carried			forward		820,078	820,078	731,879

			2021	2020
		Note
Cash flows from operating	activities
Net cash used in operating	activities	13	(14,528)	(766)
Cash flows from investing	activities
Dividends, interests and rents from investments			19,227	24,177
Net cash provided by investing activities			19,227	24,177
Change in cash and cash	equivalents in the year		4,699	23,411
Cash and cash equivalents	brought forward		104,493	81,082
Cash and cash equivalents	at the end ofthe year	14	109,192	104,493
The notes on pages 12to 23 form part ofthese financial statements

				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
				f.		E
Liverymen				31,156	31,156	31,546
Worshipful	Company		ofTurners	3,477	3,477
Youth training		support				19
Turners Consort of Instruments				500	500	2,300
Gift aid				7,123	7,123	7,839
Other miscellaneous				497	497	504
				42,753	42,753	42,208

					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
							E
Income	from	local	listed	investments	19,228	19,228	24,177

Awards and donations
			2Q21	2020
The City
St Bartholomew's Hospital			750	250
Livery Schools Link			700
John Cass School			5QQ
Livery Kitchen Initiative			500
Toynbee Hall			500
London Legal Support Trust			500
Pembrook College Foodbank			500
Mercers No Going Back			500
Sheriffs' and Recorder's	Fund		250	250
St Paul's Foundation			250	250
City of London Police Widows		and Orphans	250	250
The Children's Magical Taxi Tour				1,400
Musicians' Company				300
City Mounted Police				250
Trial and Error				250
United Guilds Service				175
Sub total			5,200	3,375
The Lord Mayor's Charity
Lord Mayor's Appeal			1,500	1,500
The Lord Mayor's Scholarship		Fund	1,500	1,500
Sub total			3,000	3,000
The Master's Charities
Treloars Trust			300	300
Mind City, Hackney &Waltham		Forest	300
Hawkwood College			300
Max Carey Trust			250	300
Music for life			250
Spread a Smile			100
EFGA Connect Centre Wells				300
Bradford Cathedral				300
No Place Productions				300
Sub total			1,500	1,500

Armed Services
RAF Benevolent Fund				500	500
REME Benevolent Fund				500	500
RNRMC				500
Royal British Legion				250	250
RAF StAthan				100	100
Army Benevolent Fund					500
Sub total				1,850	1,850
Craft
Mercers re Grinling Gibbons				3,500
London Green Woodworkers				1,500	4,00Q
Master Carvers Association		re Grinling	Gibbons	750
Boxford Lathe License for		Amersham	School
Kevin Garwood Lathe					2,850
Building Crafts					1,50Q
Ironbridge Flood appeal					1,000
Bounce Back Charity grant					500
Ironbridge Flood appeal					(1,144)
Sub total				6,392	8,706
Craft Awards and related		expenditure
COVID-19 Support ofCraft				11,025	644
Cockpit Arts				4,167	4,564
Smallpiece Trust Arkwright		Scholarship		2,200
Bursary Award				1,000	11,009
AWGB Scouts				973
WiW 2020 expenses				280	1,359
Stour Music Festival				270
Subscription to Skills' Council				200
City of London Freeman's		School Prize		175	175
Countryways Road Farm					1,499
Howe Committee Expenses					1,245
Youth Training					1,200
Competition Expenditure					204
HMS Sultan Engineering	Prize				150
Howe repairs					116
Sub total				20,290	22,165

Benevolence
Benevolence	1,631
Sub total	1,631
Total	39,863	40,596

		Grant
		funding of	Support	Total	Total
		activities	costs	funds	funds
		2021	2021	2021	2020
Charitable	activities	39,863		39,863	40,596
Support cost			23,847	23,847	16,839
		39,863	23,847	63„710	57,435

				Total	Total
				funds	funds
				2021	2020
				K
Clerk's salary		apportionment	and other shared costs	18,500	11,6?3
Bookkeeping		services		865	1,203
Other costs				104	168
Software				288	204
Sundry expense					61
Auditor's	remuneration			4,090	3,530
Total				23,847	16,839

	Listed
	investments
Valuation
At 1 June 2020	642,461
Additions	3,477
Revaluations	86,541
At 31 May 2021	732,479

	2021	2020
	f.	E
Due within one year
income tax recoverable	3,700	4,460
Prepayments	11	11
	3,711	4,471

			2021	2020
The Worshipful	Company	ofTurners	4,964	3,509
Accruals			20,340	16,03?
			25,304	19,546

Summary offu	nds - current year
	Balance at 1			Transfers	Gains/	Balance at
	June 2020	Income	Expenditure	in/out f.	(Losses) f	31 May 2021
Designated
funds	32,208		(1,000)	4,000		35,208
General funds	699,671	65,369	(62,710)	(4,000)	86,540	784,870
	731,879	65,369	(63,710)		86,540	820,078

Summary offun	ds	-prior year
		Balance at			Transfers	Gains/	Balance at
	1	June 2019	Income	Expenditure	in/out	(Losses)	31 May 2020
			E	F
Designated
funds		25,208		(11,000)	18,000		32,208
General funds		72T,259	66,385	(46,435)	(18,000)	(29,538)	699,6T1
		752,467	66,385	(57,435)		(29,538)	731,879

		Balance at 1			Transfers	Gains/	Balance at
		June 2020 f.	Income	Expenditure	in/out f	(Losses)	31 May 2021
Designated
funds
Bursary Fund		4,208		(1,000)	4,000		7,208
Exhibition	Fund	18,000					18,000
Competition
Fund		10,000					10,000
		32,208		(1,000)	4,000		35,208
General	funds
General	Funds	699,671	65,369	(62,710)	(4,000)	86,540	784,870
Total
Unrestricted
funds		731,8?9	65,369	(63,710)		86,540	820,078

		Balance at			Transfers	Gains/	Balance at
		1 June 2019	Income	Expenditure	in/out	(Losses)	31 IVlay 2020
		F	E	F	E
Designated
funds
Bursary Fund		9,208		(11,000)	6,000		4,208
Exhibition	Fund	12,000			6,000		18,000
Competition
Fund		4,000			6,000		10,000
		25,208		(11,000)	18,000		32,208
General	funds
General	Funds	727,259	66,385	(46,435)	(18,000)	(29,538)	699,671
Total
Unrestricted
funds		752,467	66,385	(57,435)		(29,538)	731,879

Analysis	ofnet assets between funds - current ye	ar
		Unrestricted	Total
		funds	funds
		2021 K	2021f
Investment	assets	732,479	732,479
Current assets		112,903	112,903
Creditors	due within one year	(25,304)	(25,304)
Total		820,078	820,078

Analysis	ofnet assets between funds - prior year
		Unrestricted	Total
		funds	funds
		2020	2020
Investment	assets	642,461	642,461
Current assets		108,964	108,964
Creditors	due within one year	(19,546)	(19,546)
		731,879	731,879

Reconcili	ation ofn	et m	ovem	ent	in fun	ds to	net	cash flow	from	operating	activities
											2021	2020
											K	F
Net income/expenditure			for	the	year	(as	per	Statement	of	Financial
Activities)											88,199	(20,588)
Adjustments for:
Gains/(losses) on investments											(86,541)	29,537
Dividends,	interests	and	rents	from	investments						(19,227)	(24,176)
Gift ofshares											(3,477)
Decrease	in debtors										760	6,847
Increase	in creditors										5,758	7,614
Net cash	used in operating			activities							(14,528)	(766)