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