# **The Worshipful Company of Bowyers' Bowyers Charitable Trust Charity Registration number 270702** **Income and Expenditure Accounts and Statement of Assets and Liabilities** **31st December 2020** ## **The Worshipful Company of Bowyers' Bowyers Charitable Trust Registered Number 270702** ## **Report of the Trustees for the year ended 31st December 2020** - 1 The overall object of the charity is to raise funds from the members of the Bowyers' Company by way of donations, gift aid, legacies and gifts for the purpose of donating funds to charitable causes in accordance with the Company's charitable giving strategy, as approved by the Trustees from time to time. The Trustees' current strategic focus is on donations that will make a significant positive difference of outcome in these four main areas: - (a) for the benefit of educational opportunity; - (b) for the constructive benefit of disadvantaged persons, preferably young and London-connected and ideally with some archery element to the benefaction; - (c) for the benefit of the Company’s military affiliations’ benevolence; and - (d) for the benefit of the relevant charitable causes of the Lord Mayor and other City of London civic bodies. At the discretion of the Trustees, the charity may also donate funds to other selected charitable causes of some relevance to the Bowyers' Company where a significant positive difference of outcome can be foreseen. A special provision is agreed by the Trustees to donate £1,000 in total over each Master’s two-year period of Mastership in the name of the Company to a charitable cause or causes of the Master's own choosing. - 2 The capital fund set up in 1999 now stands at £110,978. The purpose of the capital fund is to provide for the accumulation of capital, the income from which is to be used for charitable donation purposes. The original intension was to build a fund of at least £100,000. The trustees agreed, in 2017, that while any surplus charitable income would continue to be reinvested in the capital fund, there was no longer a specific requirement to grow the fund above the level of £100,000 and that the investment income from the fund as from January 2017 could be used to increase our charitable giving. In 2020, £4,000 was transferred from the Capital Fund to the General Fund. The Trustees are minded for the future that consideration could additionally be given to making exceptional disbursements from some of the capital in excess of the level of £100,000, although no such consideration is yet being given. - 3 The Trustees of The Bowyers Charitable Trust are the holders of the office of Master, Upper Warden and Renter Warden at any one time. The current Trustees are:- Master - Mr David Laxton - Upper Warden Mr Nigel Heilpern Renter Warden - Alderman Sir David Wootton - 4 The Receipts and Payments account for the general and capital fund for the year ended 31st December 2020 are shown on pages 3 to 5 attached and the Statement of Assets and Liabilities at 31st December 2020 is shown on page 6 with a note on page 7. Signed ## **David Laxton - Master** ## **Nigel Heilpern - Upper Warden** Signed Signed **Alderman Sir David Wootton - Renter Warden** Fosters Lodge Duck Street Date 26th August 2021 Sutton Veny Warminster BA12 7AL 1 ## **Independent Examiner's Report to the Trustees of The Worshipful Company of Bowyers' Bowyers Charitable Trust** I report on the accounts of the Trust for the year ended 31st December 2020 which are set out on pages 3 to 7. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act) as amended by s28 of the of the Charities Act 2006 and s144(2) of the Charities Act 2011 Act) and that an independent examination is needed. It is my responsibility to:- - 1) Examine the accounts (under section 145 of the 2011 Act); - 2) Follow procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act);and - 3) State whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the accounts. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - (1) Which gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that:- - (a) proper accounting records are kept (in accordance with section 130 of the 2011 Act);and - (b) Accounts are prepared which agree with accounting records and comply with the accounting requirements of the 2011 Act; or - (2) to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Wandle House Associates 47 Wandle Road Croydon CR0 1DF 2 ## **The Worshipful Company of Bowyers' Bowyers Charitable Trust Receipts and Payments Account (General Fund) Year ended 31st December 2020** |**Receipts**
Donations to Fund
Personal
Bowyers Company
Freemen
Fund Raising
Deposit account interest
Income tax repayment
Transfer from Capital Fund
**Payments**
Donations (see list attached
on page 5)
**Surplus**
**Transfer to Capital Fund**
**Balance brought forward**
**Balance carried forward**|**2020**
£
29,984
100
1,225
-
12
7,500
4,000
42,821
30,250
30,250
12,571
-
12,571
23,776
**36,347**
**£**|**2019**
£
21,650
100
1,325
1,479
13
5,391
3,500| |---|---|---| |||33,458| |||29,575| |||29,575| |||3,883
500| |||3,383
20,393| |||| |||**23,776**
**£**| 3 ## **The Worshipful Company of Bowyers' Bowyers Charitable Trust Receipts and Payments Account (Capital Fund) Year ended 31st December 2020** |**Receipts**
**Contributions by Bowyers**
Transfer from General Fund
Proportion of Company surplus
**Income**
Banks
Investments
**Total Receipts**
**Expenditure**
**Investment management charges**
**Surplus**
**(Loss)/Gain on disposal of investments**
**(Loss)/Gain on Currency**
**Transfer to General Fund**
**Balance brought forward**
**Balance carried forward**|**2020**
£
-
-
-
12
3,512
3,524
3,524
1,186
2,338
(12,604)
-
(10,266)
4,000
(14,266)
125,244
**110,978**
**£**|**2019**
£
500
500| |---|---|---| |||1,000| |||31
5,344| |||5,375| |||6,375
1,150| |||5,225
(385)
(8)| |||4,832
3,500| |||1,332
123,912| |||| |||**125,244**
**£**| 4 ## **The Worshipful Company of Bowyers' Bowyers Charitable Trust Donations Year ended 31st December 2020** |338 Squadron RAFAC
ABF The Soldiers Charity
Brentwood Sea Cadets
British Blind Sports Archery
Cavell Nurses Trust
Central Foundation Girls' School
GAC Scaramouche
Goodenough College
Help Musicians UK
Kings College, London
Lord Mayor's Appeal
Mercian Regt. Benevolent Fund
Royal British Legion
Sherriffs' & Recorders' Fund
Sick Children's Trust
Suited & Booted Centre
The Drapers' Company - The Livery Kitchen
Treloar Trust
United Guilds Service
West London Mission|**2020**
£
1,000
-
1,500
-
2,000
4,000
-
-
-
6,000
-
7,500
750
-
1,000
3,000
1,000
1,000
-
1,500
**30,250**
**£**|**2019**
£
1,000
1,000
1,500
2,000
-
1,500
2,000
1,000
150
6,000
1,500
6,000
-
250
3,500
1,000
-
1,000
175
-| |---|---|---| |||**29,575**
**£**| 5 ## **The Worshipful Company of Bowyers' Bowyers Charitable Trust Statement of Assets and Liabilities As at 31st December 2020** |**Fixed assets**
Investments
**Note Page 7**
**Current assets**
Debtors
Bank accounts
Broker's accounts
**Net current assets**
**Less Creditors**
**Net assets**
**Represented by**
General Fund
Capital Fund
**Total funds**|**2020**
£
95,101
7,500
39,661
5,513
52,674
450
52,224
**147,325**
**£**
36,347
110,978
**147,325**
**£**|**2019**
£
107,040
8,579
29,550
3,851| |---|---|---| |||41,980
-| |||**149,020**
**£**| |||23,776
125,244| |||**149,020**
**£**| 6 ## **The Worshipful Company of Bowyers' Bowyers Charitable Trust Investment Schedule Year ended 31st December 2020** ## **Note:- Investments** |**Holding**
**_Number_**
**_Brought_**
**_Forward_**
Abcam Ord
Alibaba Group Holdings
_18_
Alphabet Inc Capital Stock
_3_
Amazon Com Inc
_2_
Apple Inc Com
ASML Hldgs
Aviva, 25p
_1,300_
City of London Inv Trust .25p
_1,950_
Diageo Ord
Edinburgh Inv Trust 25p
_1,300_
Genus Ord 10p
Halma Ord 10p
HSBC ord US$.50
_650_
Illumina Inc
_19_
Intuitive Surgical
_7_
LionTrust Asset Management
_595_
Marlborough
_2,925_
Marstons ord 07375p
_2,775_
Microsoft Corp
Murray Income Trust 25p
_890_
Nestle chf.10
_95_
Ocado Group
_220_
On the Beach Group Ord
Persimmon
_240_
Polar Capital FundsEmerging
_730_
Procter & Gamble
_80_
Royal Dutch Shell .07 Euro
_255_
Schroder Oriental ord 1p
_2,250_
Scottish Mortgage Inv Trust
_734_
Securities Trust of Scotland 1p
_5,375_
Unilever ord .031111p
_170_
Vodafone .2095238 US$ _2,536_|**Cost**
**_Number_**
**Brought**
**_Bought_**
**Forward**
**£**
_220_
2,838
3,055
_3_
2,810
_1_
_11_
_12_
3,668
5,876
_115_
6,064
_85_
_150_
4,643
3,460
2,990
2,971
4,824
4,075
_20_
5,834
4,566
2,768
_1000_
5,225
4,440
4,418
5,499
4,563
3,965
5,988
4,643
7,857
107,040|**Cost**
**_Number_**
**Bought**
**_Sold_**
3,038
2,851
1,650
2,911
3,887
_1,300_
_1,950_
3,443
_1,300_
3,422
3,388
_650_
_2,925_
_2,775_
2,944
3,032
_255_
2,536
30,566|**Cost**
**Proceeds**
**Gain**
**_Number_**
**Cost**
**Sold**
**Loss**
**_Carried_**
**Carried**
**_Forward_**
**Forward**
_220_
3,038
_18_
2,838
_6_
5,906
_3_
4,460
_11_
2,911
_12_
3,887
3,668
3,122
(546)
5,876
6,892
1,016
_115_
3,443
6,064
5,794
(270)
_85_
3,422
_150_
3,388
4,643
2,406
(2,237)
_19_
3,460
_7_
2,990
_595_
2,971
4,824
4,089
(735)
4,075
960
(3,115)
_20_
2,944
_890_
5,834
_95_
4,566
_220_
2,768
_1,000_
3,032
_240_
5,225
_730_
4,440
_80_
4,418
5,499
3,552
(1,947)
_-_
_-_
_2,250_
4,563
_734_
3,965
_5,375_
5,988
_170_
4,643
7,857
3,085
(4,772)
42,506
29,900
(12,606)
95,101
Value at 31 December 2019|**Cost**
**Carried**
**Forward**
3,038
2,838
5,906
4,460
2,911
3,887
3,443
3,422
3,388
3,460
2,990
2,971
2,944
5,834
4,566
2,768
3,032
5,225
4,440
4,418
_-_
4,563
3,965
5,988
4,643|**Market**
**Value**
3,410
3,064
7,687
7,146
4,270
4,264
3,310
3,567
3,674
5,141
4,188
7,735
3,253
7,405
8,189
5,031
3,725
6,641
4,942
8,140
5,884
8,911
11,099
7,466| |---|---|---|---|---|---| |||||95,101|138,142| ||||||133,698| 7