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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|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||||
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||||||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|
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||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|
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||||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|
##
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##
||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|
##
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|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|
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