2023-04-05-accounts

Trustee:		The Worshipful		Company ofGlovers of London
Registered	Address:	65 Leadenhall	Street
		London
		EC3A 2AD
Bankers:		Barclays Bank		pic
		128Moorgate
		London
		EC2M 6SX
Independent	Examiner.	Greg Stevenson		FCA
		Knox Cropper	LLP
		65 Leadenhall	Street
		London
		EC3A 2AD
Investment	Advisers:	Cazenove Capital Management
		1 London Wall		Place
		London Wall
		London
		EC2Y 5AW

YEAR ENDED 5A	PRIL	2023
				Unrestricted	Unrestricted		Restated
				General	Designated	Total	Total
				Funds	Funds	Funds	Funds
			Notes	2023	2023	2023	2022
							E
INCOME
Donations				52,707	6,650	59,357	73,700
Legacy
Income from fundraising		events
				52,707	6,650	59,357	73,700
Investment income				34,862		34,862	33,920
TOTAL INCOME				87,569	6,650	94,219	107,620
EXPENDITURE
Charitable activities:
Grants				61,935	25,770	87,705	71,388
Grant to Charitable	Endowment			27,000		27,000	27,000
Governance				2,034		2,034	2,004
				90,969	25,770	116,739	100,392
Raising funds:
Investment management		costs		2,475		2,475	2,595
TOTAL EXPENDITURE				93,444	25,770	119,214	102,987
NET INCOME BEFORE
GAINS ON INVESTMENTS				(5,875)	(19,120)	(24,995)	4,633
(Loss)/Gain on revaluation		of investments		69,598		69,598	29,457
NET INCOME AND	EXPENDITURE			(75,473)	(19,120)	(94,593)	34,090
AND MOVEMENT IN FUNDS
TOTAL FUNDS AT	6APRIL 2022			870,791	79,245	950,036	904,436
AS PREVIOUSLY REPORTED
Prior Year Adjustment			14	11,510		11,510
AS RESTATED				859,281	79,245	938,526	904,436
TOTAL FUNDS AT	5APRIL 2023			783,808	60,125	843,933	938,526

3	CHARITABLE GRANTS	(UNRESTRICTED &RESTRICTED)	(UNRESTRICTED &RESTRICTED)	(UNRESTRICTED &RESTRICTED)	Restated
				2023	2022
				E	E
	GLOVES AND GLOVE RELATED PROJECTS
	Portsmouth Hospital - gloves for cancer patients				5,000
	Gloves for homeless charities			4,866	4,150
	Glove Design Competition		- prizes	2,310	1,710
	The Pace Centre			1,500	3,000
	Thames Hospice			2,000
	Richard House Hospice			1,960	500
	StJosephs Hospice			1,792
	Cryotherapy gloves				5,000
	London College ofFashion				1,710
	Red Cross Market				1,000
	Others E1,500 and under			8,445	3,067
	CHARITABLE GRANTS
	Prosthetics - provision of	devices		9,000	8,433
	King Edward's School, Witley - bursary			6,000	6,000
	City ofLondon School for Girls - bursary			5,500	5,500
	City ofLondon School - bursary			5,500	5,500
	St Paul's Cathedral School		- bursary	5,500	5,500
	Rhythm Studio Academy			2,500	2,500
	Lord Mayor's Charities			2,000	2,000
	Church ofSt Margaret, Lothbury			2,000	2,000
	London's Air Ambulance	Charity		3,100	3,108
	Others F1,500 and under			4,962	5,710
	Committed but not paid			2,000
	FROM FUNDS DESIGNATED FOR EDUCATION
	Sybil Efgar School			9,500
	Voces Cantabiles			4.625
	MCC Foundation			2,645
				87,705	7,388

7 INVESTMENTS	7 INVESTMENTS			2023	2022
				5	E
Market value at		6 April 2022		859,100	829,643
Gain/(Loss)	on revaluation			69598	29.457
Market value at		5 April 2023		789,502	859,100
The charity's investments			comprise:
				Market
				Value	Cost
				5	5
1,443,936	Cazenove Charity NURS Fund
	Class Sunits		- GBP income	789,256	664,938
	Cash			246	248
				789,502	665,184
	Market value		at 5 April 2022	859,tOQ
	Cost	at 5 April	2022		665,184
8 DEBTORS
				2023	2022
				E
Gift Aid				15,262	33,350
Sybil Elgar	School			9,500
Examiners	fee -	paid on behalf of Endowment		954
				25,716	33,350
9 CREDITORS FALLING DUE WITHIN ONE YEAR					Restated
				2023	2022
				E
Grants payable				9,264	13,022
Accruals				2,516	2,392
				11 80	15, 14
10 DESIGNATED FUNDS
Prosthetics
Balance at	6 April 2022			50,245	39,484
Funds from	prior	years transferred
Income in year				6,650	19,194
Expenditure	in year			9,000	8,433
Balance at	5 April 2023			47,895	50,245
Education
Balance at	6April 2022			29,000	29,000
Funds from	prior	years transferred
Expenditure	in year			(16,770)
Income in year
Balance at	5April 2023			12230	29 000
Total designated		funds at	year end	60,125	79,245

	NOTES TO THE	ACCOU	NTS F	OR THE YEAR ENDE	D 6 APRIL 2023
						Restated
11	UNDESIGNATED	FUNDS			2023	2022
					E	E
	Balance at6 April	2022
	- As previously		stated		870,791	835,952
	- Prior year adjustment			(Note 14)	11,510
	- As restated				859,281	835,952
	Net movement in	funds			(75,473)	23,329
	Balance at 5 April	2023			783.808	859,281

			Restated		Restated
			Unrestricted	Unrestricted	Total
			General	Designated
			Funds	Funds	Funda
			6	6	f
INCOME
Donations			54,506	19,194	73,700
Legacy
Income from fundraising		events
			54,506	19,194	73,700
Investment income			33,920		33,920
TOTAL INCOME			88,426	19,194	107,620
EXPENDITURE
Charitable activities
Grants			62,955	8,433	71,388
Grant to Charitable	Endowment		27.000		27,000
Governance			2,004		2,004
			91,959	8.433	100.392
Investment management		costs	2,595		2,595
TOTAL EXPENDITURE			94,554	8433	102,987
NET INCOME BEFORE		(LOSSES)l
GAINS ON INVESTMENTS			(6,128)	10,761	4,633
Gain on revaluation	ofinvestments		29,457		29,457
NET MOVEMENT	IN FUNDS		23,329	10,761	34,090
TOTAL FUNDS AT 6 APRIL 2021			835,952	68,484	904,436
TOTAL FUNDS AT 5 APRIL 2022			859,281	79,245	938.526

		As previously	Prior Year	As Restated
		Reported	Adjustment
Creditors		3,904	11,510	15,414
Unrestricted	Reserves	870,791	11.510	859,281