# **The Worshipful Company of Bowyers' Bowyers Charitable Trust Charity Registration number 270702** ## **Report of the Trustees** **Receipts and Payments Accounts and Statement of Assets and Liabilities** **31st December 2024** ## **The Worshipful Company of Bowyers' Bowyers Charitable Trust Registered Number 270702** ## **Report of the Trustees for the year ended 31st December 2024** ## **Objectives and Activities** 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. The Trustees have had due regard to the Charity Commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant. ## **Achievements and Performance** The Receipts and Payments account for the general and capital fund for the year ended 31st December 2024 are shown on pages 4 to 6 attached and the Statement of Assets and Liabilities at 31st December 2024 is shown on page 7 with a note on page 8. ## **Financial Review** The capital fund set up in 1999 now stands at £139,640. 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 intention 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 2022 the trustees agreed that net realised gains for the previous year could be used to increase our charitable giving. No transfer was made in 2024 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. 1 ## **The Worshipful Company of Bowyers' Bowyers Charitable Trust Registered Number 270702** ## **Report of the Trustees for the year ended 31st December 2024** ## **Structure, Governance and Management** The Charitable Trust is an unincorporated association governed by a Trust Deed dated 16 July 1986. The power of appointing Trustees and of removing Trustees so appointed is vested in The Society of The Mistery of Bowyers of the City of London ( The Company). There shall not be fewer than three and not more than six Trustees of whom, three shall be the persons from time to time holding the office of Master and Wardens of The Company and who shall retire on ceasing to hold any of such offices. ## **Reference and Administrative details** 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 - Sir David Wootton Upper Warden - Mark Elliott Renter Warden - William Charnley Signed ## **Sir David Wootton - Master** Signed Signed **Mark Elliot - Upper Warden William Charnley - Renter Warden** Worshipful Co Bowyers c/o Watermen's Hall Date 20th October 2025 16-18 St Mary at Hill London EC3R 8EF 2 ## **Independent Examiner's Report to the Trustees of The Worshipful Company of Bowyers' Bowyers Charitable Trust Charity Number 270702** I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 31st December 2024 , as set out on pages 4 -8. ## **Responsibilities and basis of report** As the charity trustees of the Trust,you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ( ' the Act ' ). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5 )(b) of the Act. ## **Independent examiner’s Statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect : 1. accounting records were not kept in accordance with section 130 of the Act or 2. the accounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## **Signed** **Name:** Denise Balch **Qualification:** A.C.A. **Address:** 15 Towcester Rd Old Stratford Milton Keynes MK19 6AN **Date:** 20th October 2025 3 ## **The Worshipful Company of Bowyers' Bowyers Charitable Trust Receipts and Payments Account (General Fund) Year ended 31st December 2024** |**Receipts**
Donations to Fund
Personal
Bowyers Company
Freemen
Inter Livery Clay Shoot
Charity Banquet proceeds
Deposit account interest
Income tax repayment
**Payments**
Donations (see list attached
on page 6)
Charity Banquet costs
Bank Charges
Independent Examiner's Fee
Legal Fees - Trust Deed
**Deficit for the year**
Transfer from Capital Fund
**Balance brought forward**
**Balance carried forward**|**2024**
**£**
25,628
100
1,325
1,000
14,171
498
6,391
49,113
46,650
13,477
61
630
1,680
62,498
(13,385)
-
40,177
**26,792**|**2023**
**£**
23,853
100
1,350
-
13,260
446
5,890
44,899
32,650
12,440
62
600
-
45,752
(853)
-
41,030
**40,177**| |---|---|---| 4 ## **The Worshipful Company of Bowyers' Bowyers Charitable Trust Receipts and Payments Account (Capital Fund) Year ended 31st December 2024** |**Receipts**
**Income**
Banks
Investments
**Total Receipts**
**Expenditure**
Investment management charges
**Surplus**
**Gain / ( Loss ) on disposal of investments**
**Transfer to General Fund**
**Balance brought forward**
**Balance carried forward**|**2024**
£
25
290
315
-
315
22,918
23,233
-
23,233
116,407
**139,640**|**2023**
£
18
1,848
1,866
1,200
666
(325)
341
-
341
116,066
**116,407**| |---|---|---| 5 ## **The Worshipful Company of Bowyers' Bowyers Charitable Trust Donations Year ended 31st December 2024** |338 Squadron RAFAC
Book Clubs in Schools
Brentwood Sea Cadets
British Blind Sports Archery
Central Foundation Girls' School
City of London Army Cadet Unit
City Special Event
Islington Food Bank
Kings College, London
Livery Food Initiative
Lord Mayor's Appeal
Mercian Regt. Benevolent Fund
Sherriffs' & Recorders' Fund
Sick Children's Trust
Suited & Booted Centre
The Lord Mayor's ABF Big Curry Lunch
Treloar Trust
United Guilds Service|**2024**
**£**
3,500
1,500
2,000
2,000
1,500
2,000
200
3,000
7,000
3,000
3,000
8,000
250
3,000
3,000
1,000
2,500
200
**46,650**|**2023**
**£**
2,500
-
500
2,000
1,500
-
200
2,000
7,000
2,500
-
8,000
250
2,000
3,000
1,000
-
200
**32,650**| |---|---|---| 6 ## **The Worshipful Company of Bowyers' Bowyers Charitable Trust Statement of Assets and Liabilities As at 31st December 2024** |**Fixed assets**
Investments
**Note Page 8**
**Current assets**
Debtors
Bank accounts
Broker's accounts
**Net current assets**
**Net assets**
**Represented by**
General Fund
Capital Fund
**Total funds**|6,400
21,931
-|**2024**
**£**
138,101
28,331
**166,432**
26,792
139,640
**166,432**|8,585
32,931
1,753|**2023**
**£**
113,315
43,269
**156,584**
40,177
116,407
**156,584**| |---|---|---|---|---| 7 ## **The Worshipful Company of Bowyers' Bowyers Charitable Trust Investment Schedule** ## **Year ended 31st December 2024** |**Note:- Investments**
**Holding**
**_Number_**
**_Brought_**
**_Forward_**
Align Technology Inc
_14_
Alphabet Inc Capital Stock
_80_
Amazon Com Inc
_60_
Apple Inc Com
_44_
ASML Hldgs
_12_
Diageo Ord
_115_
Edwards Lifesciences Corp Com Stock
_48_
Genus Ord 10p
_85_
Halma Ord 10p
_150_
International Public Partnership Ord
_3,025_
Intuitive Surgical
_21_
LionTrust Asset Management
_445_
Microsoft Corp
_20_
Moderna Inc Com
_25_
Nestle chf.10
_65_
Ninety One Fund Managers UK Global
_4,250_
Nvidia Corp Com Stk
_20_
Ocado Group
_220_
On the Beach Group Ord
_1,000_
Pacific Horizon Investment Trust Ord
_850_
Persimmon
_240_
Personal Assets Trust
_1,187_
Procter & Gamble
_55_
Schroder Oriental ord 1p
_2,250_
Scottish Mortgage Inv Trust
_734_
Shopify Inc Com NPV
_60_
Tencent Holdings
_75_
Tesla Inc
_35_
Unilever ord .031111p
_170_
Coleman Street Investments SICAV Growth|**Cost**
**Brought**
**Forward**
**£**
3,331
3,938
4,460
2,911
3,887
3,443
4,033
3,422
3,388
4,019
2,990
2,222
2,944
2,371
3,124
6,944
3,142
2,768
3,032
6,512
5,225
5,927
3,037
4,563
3,965
5,080
4,040
3,954
4,643
113,315|**_Number_**
**Cost**
**_Number_**
**_Bought/Split_**
**Bought**
**_Sold_**
_14_
_80_
_60_
_44_
_12_
_115_
_48_
_85_
_150_
_3,025_
_21_
_445_
_20_
_25_
_65_
_4,250_
_20_
_220_
_1,000_
_850_
_240_
_1,187_
_55_
_2,250_
_734_
-
_60_
_75_
_35_
_170_
79,735
138,101
79,375
138,101|**Cost**
**Proceeds**
**Gain**
**_Number_**
**Cost**
**Sold**
**Loss**
**_Carried_**
**Carried**
**_Forward_**
**Forward**
3,331
2,899
(432)
3,938
9,002
5,064
4,460
7,191
2,731
2,911
6,421
3,510
3,887
6,756
2,869
3,443
3,131
(312)
4,033
2,790
(1,243)
3,422
1,868
(1,554)
3,388
3,249
(139)
4,019
3,919
(100)
2,990
6,092
3,102
2,222
2,507
285
2,944
6,143
3,199
2,371
1,961
(410)
3,124
5,771
2,647
6,944
5,998
(946)
3,142
8,981
5,839
2,768
1,267
(1,501)
3,032
1,622
(1,410)
6,512
4,451
(2,061)
5,225
3,362
(1,863)
5,927
5,556
(371)
3,037
6,379
3,342
4,563
5,285
722
3,965
5,499
1,534
5,080
3,768
(1,312)
4,040
2,048
(1,992)
3,954
5,952
1,998
4,643
6,365
1,722
79,375
138,101
113,315
136,233
22,918
79,375
**138,101**
Value at 31 December 2023|**Market**
**Value**
**31.12.24**
152,126
152,126
138,884| |---|---|---|---|---| 8