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||||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 offinancial|activities|||
|Balance sheet|||10|
|Notes to the financial|statements||11-24|
##
|Trustees||Mr A J Sindall, Chair|Mr A J Sindall, Chair||
|---|---|---|---|---|
|||Mr P C Logan|||
|||Miss M H A Scott|||
|||Dr M Gaved|||
|||Mr NA J HLuson|||
|||Mr C Scott (appointed||26 May 2022)|
|Charity registered|||||
|number||267372|||
|Principal office||Saddlers'
House|||
|||44 Gutter Lane|||
|||London|||
|||EC2V6BR|||
|Clerk||Mr N Macnaughton|||
|Independent|auditors|Kreston Reeves|LLP||
|||Chartered
Accountants|||
|||Statutory Auditor|||
|||2nd Floor|||
|||168Shoreditch|High Street||
|||London|||
|||E16RA|||
|Bankers||Barclays Bank Pic|||
|||81 Fleet Street|||
|||London|||
|||EC4Y 1ET|||
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
||||Note|2022|2022|2022f|2021
F|
|Income from:||||||||
|Donations
and legacies||||46,581|6,875|53,456|42,753|
|Charitable
activities||||25,234|21,250|46,484|3,388|
|Investments||||21,764||21,764|19,228|
|Total income||||93,579|28,125|121,704|65,369|
|Expenditure
on:||||||||
|Charitable
activities:||||||||
|Awards
and donations||||50,624||50,624|39,863|
|Direct costs||||23,937|21,992|45,929||
|Support costs||||22,781||22,781|19,757|
|Governance||||3,720||3,720|4,090|
|Total expenditure||||101,062|21,992|123,054|63,710|
|Net (expenditure)/income||before net||||||
|gains on investments||||(7,483)|6,133|(1,350)|1,659|
|Net gains on investments||||24,813||24,813|86,540|
|Net movement
in funds||||17,330|6,133|23,463|88,199|
|Reconciliation
offunds:||||||||
|Total funds brought|forward|||820,078||820,078|731,879|
|Net movement
in funds||||17,330|6,133|23,463|88,199|
|Total funds carried|forward|||837,408|6,133|843,541|820,078|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022f|2021
F|
|Donations|||||||
|Liverymen|||38,829||38,829|31,156|
|Worshipful|Company|ofTurners||||3,477|
|Turners Consort of Instruments||||||500|
|Gift aid|||7,312||7312|7,123|
|Other miscellaneous|||440||440|497|
|Brostoff donations||||6,875|6,875||
||||46,581|6,875|53,456|42,753|
|Total 2021|||42,753||42,753||
##
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022f|2022
f.|2021|
|Turning|for Good|1,312||1,312|3,388|
|Turning|Competition|3,655||3,655||
|Wizardry|in Wood (see note 6)|20,267|21,250|41,517||
|||25,234|21,250|46,484|3,388|
|Total 2021||3,388||3,388||
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|Dividends|from listed investments|21,764|21,764|19,228|
|Total 2021||19,228|19,228||
##
##
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|Wizardry
in Wood exhibition|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||2022|2022f|2022|2021
F|
|Income|||||
|Sponsorship||21,250|21,250||
|Exhibitors fees|4,680||4,680||
|Ticket sales|10,574||10,574||
|Raffle receipts|5,013||5,013||
|Total income|20267|21 250|41 517||
|Expenditure|||||
|Facilities|928|21,250|22,178||
|Marketing
8 print materials|5,735||5,735||
|Daytime events|5,484||5,484||
|Net cost of receptions|9,419||9,419||
|Miscellaneous|3,113||3,113||
|Total expenditure|24 679|21 250|45929||
|Net cost ofexhibition|(4,412)||(4,412)||
##
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|Awards
and donations||||
|---|---|---|---|
|||2022|2021|
|The City||||
|Musicians'
Company||500||
|United
Guilds Service||175||
|Sheriffs' and Recorder's
Fund||820|250|
|The Children's
Magical Taxi Tour||1,400||
|St Paul's Foundation||500|250|
|St Bartholemew's
Hospital||500|750|
|City of London Police Widows|& Orphans|500|250|
|City of London Garden of Remembrance||190||
|Red Cross Ukraine Appeal||1,000||
|Aldgate School Book Fund||250||
|Pollinating
London||500||
|UXO Playing Cards||500||
|Livery Schools Link|||700|
|John Cass School|||500|
|Livery Kitchen
Initiative|||500|
|Toynbee
Hall|||500|
|London Legal Support Trust|||500|
|Pembroke
College Foodbank|||500|
|Mercers No Going Back||1,000|500|
|Sub total||7,835|5,200|
|The Lord Mayor's Charity||||
|Lord Mayor's Appeal||2,000|1,500|
|The Lord Mayor's Scholarship|Fund|2,000|1,500|
|Sub total||4,000|3,000|
##
##
|The Master's Charity|The Master's Charity||||||||
|---|---|---|---|---|---|---|---|---|
|Treloars Trust|||||||300|300|
|Mental Fight Club|||||||250||
|Sheriff &Recorders|||||||250||
|Clervaux
Fold|||||||250||
|London Greenwood|||||||250||
|City of London Sinfonia|||||||200||
|Country Ways Farm|||||||150||
|Save the Children|||||||100||
|Max Carey Trust||||||||250|
|Spread a Smile||||||||100|
|Mind City, Hackney|&Waltham||Forest|||||300|
|Music for Life|||||||(250)|250|
|||||||||300|
|Hawkwood
College|||||||||
|Sub total|||||||1,500|1,500|
|Authorised
by the|almoner||||||||
|Benevolence
payments|||||||1,135|1,631|
|Armed services|||||||||
|Army Benevolent
Fund|||||||735||
|Royal British Legion|||||||500|250|
|RAF StAthan|||||||200|100|
|RAF Benevolent
Fund|||||||1,000|500|
|REME Benevolent
Fund|||||||1,000|500|
|RNRMC|||||||1,000|500|
|Sub total|||||||4,435|1,850|
|Craft|||||||||
|London Green Woodworkers||||||||1,500|
|Axminster
-lather for Somerset||||Sheds|||992||
|Clervaux Trust - pole lathe turner||||in|NE||400||
|Burchill - tutoring
at|Cermelite||Convent||||338||
|Boxford lathe license for Amersham|||||School|||642|
|Master Carvers Association||re|Grinling|||Gibbons||750|
|Mercers re Grinling|Gibbons|||||||3,500|
|Education
and Standards|||||||2,425||
|Sub total|||||||4,155|6,392|
##
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|Craft Awards
and related|Craft Awards
and related|Craft Awards
and related|expenditure|expenditure|||
|---|---|---|---|---|---|---|
|City of London Freemen's|||School Prize||175|175|
|HMS Sultan Engineering||Prize|||(50)||
|REME BestArmourer|Prize||||100||
|Youth Training|||||800||
|Bodmin 8 District Woodturners||||for Disabled Youth|300||
|Blackhorse Workshops|||||739||
|Woodturning
Hartlepool|||||500||
|Bursary Award||||||1,000|
|Subscription
to Skills' Council||||||200|
|Cockpit Arts|||||4,740|4,167|
|Howe Committee
Expenses|||||995||
|Howe repairs|||||165||
|AWGB Scouts||||||973|
|Smallpiece
Trust Arkwright|||Scholarship|||2,200|
|Covid-19 Support of Craft||||||11,025|
|Stour Music Festival|||||270|270|
|Consort of Instruments||Purchase|||1,342||
|Pepys Recorder|||||6,100||
|Becket Pageant|||||800||
|Competition
Awards|||||10,375||
|Competition
Expenses|||||213||
|||||||280|
|WiW 2020 expenses|||||||
|Sub total|||||27,564|20,290|
|Total|||||50,624|39,863|
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022|2022|2021|
||||E|||
|Charitable|activities|74,561|21,992|96,553|39,863|
|Support cost||26,501||26,501|23,847|
|||101,062|21,992|123,054|63,710|
|Total 2021||63,710||63,710||
##
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|||Activities|Grant||||
|---|---|---|---|---|---|---|
|||undertaken|funding
of|Support|Total|Total|
|||directly|activities|costs|funds|funds|
|||2022|2022f|2022f|2022f|2021f|
|Charitable|activities|45,929|50,624||96,553|39,863|
|Support costs||||26,501|26,501|23,847|
|||45,929|50,624|26,501|123,054|63,710|
|Total 2021|||39,863|23,847|63,710||
|Analysis|ofdirect costs||||||
||||||Total|Total|
||||||funds|funds|
||||||2022|2021|
|Wizardry|in Wood||||45,929||
|Analysis|ofsupport costs||||||
||||Total|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022f|2021f|
|Clerk's salary|apportionment|and other shared costs|20,526|18,500|
|Bookkeeping|services||1,762|865|
|Bank charges|||140|104|
|Software|||298|288|
|Miscellaneous|expenses||55||
|Auditor's
remuneration|||3,720|4,090|
||||26,501|23,847|
##
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||||||||Cash held||
|---|---|---|---|---|---|---|---|---|
||||||Listed||for||
||||||investments|f|investment|Total|
||Valuation||||||||
||At 1 June 2021||||729,012||3,467|732,479|
||Revaluations||||24,813|||24,813|
||Movement
in cash held||||||(3,467)|(3,467)|
||At 31 May 2022||||753,825|||753,825|
|12.|Debtors||||||||
||||||||2022f|2021|
||Due within one|year|||||||
||Income tax recoverable||||||4,649|3,700|
||P repayments||||||154|11|
||||||||4,803|3,711|
|13.|Creditors: Amounts||falling due within one year||||||
||||||||2022|2021|
||||||||F||
||The Worshipful|Company||ofTurners|||5,456|4,964|
||Accruals and deferred||income||||12,984|20,340|
||||||||18,440|25,304|
##
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|Summary|offun|ds - current year||||||
|---|---|---|---|---|---|---|---|
|||Balance at 1|||Transfers|Gains/|Balance at|
|||June 2021|Income|Expenditure|in/out|(Losses)|31 May 2022|
||||E|F|E|F|E|
|Designated||||||||
|funds||35,208||(12,875)|11,250||33,583|
|General funds||784,870|93,579|(88,187)|(11,250)|24,813|803,825|
|Restricted|funds||28,125|(21,992)|||6,133|
|||820,078|121,704|(123,054)||24,813|843,541|
|Summary
offun|ds|- prior year||||||
|---|---|---|---|---|---|---|---|
|||Balance at|||Transfers|Gains/|Balance at|
||1|June 2020|Income|Expenditure|in/outf|(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|
##
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|||Balance at 1|||Transfers|Gains/|Balance at|
|---|---|---|---|---|---|---|---|
|||June 2021
F|Income|Expenditure|in/out|(Losses)
f|31 May 2022
F|
|Unrestricted||||||||
|funds||||||||
|Designated||||||||
|funds||||||||
|Bursary Fund||7,208|||4,000||11,208|
|Exhibition|Fund|18,000||(2,500)|750||16,250|
|Competition||||||||
|Fund||10,000||(10,375)|6,500||6,125|
|||35,208||(12,875)|11,250||33,583|
|General|funds|||||||
|General|Funds|784,870|93,579|(88,187)|(11,250)|24,813|803,825|
|Total||||||||
|Unrestricted||||||||
|funds||820,078|93,579|(101,062)||24,813|837,408|
|Restricted||||||||
|funds||||||||
|Wizardry|in|||||||
|Wood Fund|||21,250|(21,250)||||
|Brostoff|Fund||6,875|(742)|||6,133|
||||28,125|(21,992)|||6,133|
|Total of|funds|820,078|121,704|(123,054)||24,813|843,541|
##
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|Statemen|t offun|ds - prior year||||||
|---|---|---|---|---|---|---|---|
|||Balance at|||Transfers|Gains/|Balance at|
|||1 June 2020|Income|Expenditure|in/out|(Losses)|31 May 2021|
|||f.|||||F|
|Unrestricted||||||||
|funds||||||||
|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||731,879|65,369|(63,710)||86,540|820,078|
##
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|Analysis ofnet assets between funds -cur|rent year|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2022
K|2022
f.|2022f|
|Fixed asset investments|753,825||753,825|
|Current assets|102,023|6,133|108,156|
|Creditors due within one year|(18,440)||(18,440)|
|Total|837,408|6,133|843,541|
##
##
|Analysis ofnet assets between funds - prior year|||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2021|2021|
|Fixed asset investments|732,479|732,479|
|Current assets|112,903|112,903|
|Creditors due within one year|(25,304)|(25,304)|
||820,078|820,078|
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