2023-05-31-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
Notes to	the financial	statements		11-24

Trustees		Mr N A J H Luson, De	Mr N A J H Luson, De	facto Chair from 18May 2023	facto Chair from 18May 2023
		Mr P C Logan
		Dr M Gaved
		Mr C Scott (appointed		18 May 2023)
		Mr M Kermack (appointed			1 July 2023)
		Mr A J Sindall (resigned 18 May 2023)
		Miss M H A Scott (resigned			18 May 2023)
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
		E1 6RA
Bankers		Barclays Bank Pic
		81 Fleet Street
		London
		EC4Y 1ET

					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2023	2023	2023	2022
				Note
Income from:
Donations and legacies					116,424		116,424	53,456
Charitable activities					8,788		8,788	46,484
Investments					23,635		23,635	21,764
Total income					148,847		148,847	121,704
Expenditure on:
Charitable activities:
Awards and donations					69,702	1,235	70,937	50,624
Direct costs								45,929
Support costs					24,918		24,918	22,781
Governance					3,813		3,813	3,720
Other charitable	activities				1,107		1,107
Total expenditure					99,540	1,235	100,775	123,054
Net income/(expenditure)			before net
(losses)/gains on		investments			49,307	(1,235)	48,072	(1,350)
Net (losses)/gains	on investments				(16,635)		(16,635)	24,813
Net movement in	funds				32,672	(1,235)	31,437	23,463
Reconciliation of	funds:
Total funds brought		forward			837,408	6,133	843,541	820,078
Net movement in funds					32,672	(1,235)	31,437	23,463
Total funds carried		forward			870,080	4,898	874,978	843,541

						2023		2022
				Note
Fixed assets
Investments				10		787,197		753,825
						787,197		753,825
Current assets
Debtors					5,049		4,803
Cash at bank	and	in	hand		100,856		103,353
					105,905		108,156
Creditors: amounts			falling due within one
year				12	(18,124)		(18,440)
Net current	assets					87,781		89,716
Total net assets						874,97&		843,541
Charity funds
Restricted funds				14		4,898		6,133
Unrestricted	funds			14		870,080		837,408
Total funds						874,978		843,541

	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2023	2023	2023	2022
	E
Donations
Liverymen	31,921		31,921	38,829
Gift aid	19,503		19,503	7,312
Legacies	10,000		10,000
Other donations	5,000		5,000	440
Brostoff donation				6,875
Donation to the Yeoman fund	50,000		50,000
	116,424		116,424	53,456
Total 2022	46,581	6,875	53,456

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2023	2023	2023	2022
				K
Sale of	Turned Goods	8,788		8,788	1,312
Turning Wizardy	Competition in Wood				3,655 41,517
		8,788		8,788	46,484
Total 2022		25,234	21,250	46,484

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
Dividends	from listed investments	23,635	23,535	21,764
Total 2022		21,764	21,764

Awards and donations
				2023	2022
The City
Musicians' Company				500	500
United Guilds Service				200	175
Sheriffs' and Recorder's	Fund			1,245	820
The Children's Magical Taxi Tour				1,500	1,400
St Paul's Foundation				500	500
St Bartholemew's Hospital				500	500
City of London Police Widows			&Orphans		500
City of London Garden of Remembrance				190	190
Red Cross Ukraine Appeal					1,000
Aldgate School Book Fund					250
Pollinating London					500
UXO Playing Cards					500
Mercers No Going Back					1,000
Sub total				4,635	7,835
The Lord Mayor's Charity
Lord Mayor's Appeal				2,000	2,000
The Lord Mayor's Scholarship			Fund	2,000	2,000
Sub total				4,000	4,000
The Master's Charity
Treloars Trust					300
Mental Fight Club					250
Sheriff &Recorders					250
Clervaux Fold					250
London Greenwood					250
Cig of London Sinfonia					200
Country Ways Farm					150
Save the Children					100
Music for Life					(250)
Cockpit Arts for Workshop		Manager		1,500
Sub total				1,500	1,500
Authorised by the almoner
Benevolence payments				7,269	1,135

Notes to the financial statements	Notes to the financial statements	Notes to the financial statements	Notes to the financial statements
Forthe year ended 31 May 2023
Armed services
Army Benevolent Fund							665	735
Royal British Legion							500	500
RAF StAthan								200
RAF Benevolent Fund							1,000	1,000
REME Benevolent Fund							1,000	1,000
RNRMC							1,000	1,000
							100
Best RAF Trainee
Sub total							4,265	4,435
Craft
Axminster - lathe for Somerset				Sheds				992
Clervaux Trust - pole lathe			turner		in NE			400
Burchill - tutoring at Cermelite				Convent			400	338
Education and Standards							2,008	2,425
Sub total							2,408	4,155
Craft Awards and related			expenditure
City of London Freemen's			School		Prize		175	175
HMS Sultan Engineering		Prize						(50)
REME Best Armourer	Prize						100	100
Youth Training							2,500	800
Bodmin 8 District Woodturners				for Disabled		Youth		300
Blackhorse Workshops							5,000	739
Woodturning Hartlepool								500
Building Crafts College		Prize					250
Bursary Award							11,426
Cockpit Arts							5,735	4,740
Howe Committee Expenses							1,649	995
Howe repairs								165
Cockpit Arts Wood Hub							10,000
Emerging Turners							5,555
QEST scholarship							3,260
Stour Music Festival								270
Consort of Instruments		Purchase						1,342
Pepys Recorder								6,100
Becket Pageant							712	800
Competition Awards								10,375
Competition Expenses								213
							498
St Paul's Bell Wheel Table
Sub total							46,860	27,564
Total							70,937	50,624

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2023	2023	2023	2022
Charitable	activities	69,702	1,235	70,937	96,553
Support cost and governance		29,838		29,838	26,501
		99,540	1,235	100,775	123,054
Total 2022		101,062	21,992	123,054

		Activities	Grant	Support
		undertaken	funding of	costs and	Total	Total
		directly	activities	governance	funds	funds
		2023f	2023	2023f	2023	2022 F
Charitable	activities		70,937		70,937	96,553
Support costs and governance				29,838	29,838	26,501
			70,937	29,838	100,775	123,054
Total 2022		45,929	50,624	26,501	123,054

			Total	Total
			funds	funds
			2023	2022
Wizardry	in	Wood		45,929

			Total	Total
			funds	funds
			2023f	2022
Clerk's salary	apportionment	and other shared costs	22,290	20,526
Bookkeeping	services		1,618	1,762
Bank charges			118	140
Software			322	298
Miscellaneous	expenses			55
Auditor's remuneration			4,920	3,720
Investment advisors fees			570
			29,838	26,501

		Cash held
	Listed	for
	investments	investment	Total
Valuation
At 1 June 2022	753,825		753,&25
Additions	246,883		246,883
Disposals	(125,123)		(125,123)
Revaluations	(89,961)		(89,961)
Capital account movement		1,573	1,573
At 31 May 2023	785,624	1,573	787,197

	2023f	2022f
Due within one year
Income tax recoverable	3,700	4,649
Prepayments	1,349	154
	5,049	4,803

12.	Creditors: Amounts	falling due within one year
			2023f	2022 E
	The Worshipful Company ofTurners		6,223	5,456
	Accruals and deferred	income	11,901	12,984
			18,124	18,440

Summary	offunds - current year
	Balance at 1 June 2022f	Income f	Expenditure f	Transfers in/outf	Gains/ (Losses) f	Balance at 31 May 2023
Designated funds	33,583	62,500	(8,485)	12,500		100,098
General funds 803,825		86,347	(91,055)	(12,500)	(16,635)	769,982
Restricted	funds 6,133		(1,235)			4,898
	843,541	148,847	(100,775)		(16,635)	874,978
Summary	offunds -prior year
	Balance at 1 June 2021f	Income f	Expenditure f	Transfers in/outf	Gains/ (Losses)	Balance at 31 May 2022f
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

Statement offu	nds	- prior year
		Balance at			Transfers	Gains/	Balance at
	1	June 2021	Income	Expenditure	in/out	(Losses)	31 May 2022
				E
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 offunds		820,078	121,704	(123,054)		24,813	843,541

Analysis of net assets between funds - cur	rent year
	Unrestricted	Restricted	Total
	funds	funds	funds
	2023	2023	2023
Fixed asset investments	787,197		787,197
Current assets	101,007	4,898	105,905
Creditors due within one year	(18,124)		(18,124)
Total	870,080	4,898	874,978

	Unrestricted	Restricted	Total
	funds	funds	funds
	2022	2022	2022
	E	F	P
Fixed asset investments	753,825		753,825
Current assets	102,023	6,133	108,156
Creditors due within one year	(18,440)		(18,440)
Tl	837,408	6,133	843,541