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|---|---|---|---|
|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|
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|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|
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||||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|||||
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|||||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|
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||||||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|
##
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|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|
##
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||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|
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|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|
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|||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|
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|||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|
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|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)|
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