The Worshlpful Company of En¥lronmental aeaners thartyTrurt (lIty No. 2n058 Trustees, Report and Unaudh•d Ac¢ounts 31 M•r¢h 2023
The Worshlpful Company of Envlronmtntal aeaners ChaiityTrust Contents Pages Trustees, Annual Rèport Independent Examiner's Report Ststsment of Flnancial Actlvltie5 Balance Sheet Notes to the Accounts 5t09 Detalled Statement of Flnancial Activities Iotoll Page I
Tru5tees' report for the year ended 31 Mar 2023 The Trustees present their annual report together with the financial ststements of The Worshipful Company of Environmentsl Cleanerg Trust lthe Charity) for the year ended 31 March 2023. The Trustee5 confirm that the Annual reF#xt and finarKial ststements of the Charity comply with the current ststutory requirements. the requirements of the Charity'5 8overnin8 document and the provisions of the Ststement of RetcKnmended Practice ISORPI. applicable to charities preparing their accounts in accordance the Financial Reporting Stsndard applicable In the UK and Republic of Ireland IFRS 102) (effective l January 20191. Objectives and Activities a. Pollcles and oblectlves In settlng oblectlves and planning for activlties, the Trustees have glven due conslderatlon to general 8uidance wblished by the Charlty commiOn relatin8 to puUic beneflt. Agalnst thls ba¢Kground, the objectlves of the Charlty are as foll¢M. "The Trusteès shall out of the income of Charity Trust defray the expenses of the admini5tratlon of the fund and subject thereto shall hold the same upon trust for such of the followlng oblects arKI in such shares and proporfons as they think fit that 15 to say.. lal the rellef of poor persons engaged In the cleaning IlUStry, ccffnmerce and the public service and the wlves, widows. chlldren and other deperKlents of such persons beirvd in necessltOU5 flnanclal clrcumstsnces: Ibl the furtherance of education and trainlng In connedon with the a(fvancement of hy8iene wlthin the community: and Icl the benefit of such charltsble instltutlcK purpose or purFrf)ses in such share5 between trem if more than one as the Trustees vAth the consent of the Worshipful Company of Envlronmerrtal Cleaner5 shall from time to tlme thlnk flt wlth power ot such consent as afesaId Ibut with wejudlce to the 8enerallty of the fore80ingl to apply the whole of any part or parts or such incc*ne in or towards the establishment of any charltsble Institutlon organlsatlon." The Charity has a clear vlslon :. he Charlty aims to be the leadin8 facilltstor of Envircnmentsl / Cleanln8 related charltsble actlvltles. The Charity wlll achieve this leveraging the resources. funds and pro b)no skills of the Cleanlng Sector Icommerclal organisations, professional bcdies and Indlvidualsl, by partnerlng wlth carefully selected charlties and by the 8eneroslty and charitsbie activrties of all of the Companvs membershlp." b. Strate8ies for achl8vin8 objertlves At the core of our strategy the Charity IlId5 aoing relation5hip5 with or8anisations to provide multiyear fundiryq. These relationships allow the Trustees to work with the lxgani5atiS they are funding to ensure our objectives are reached.
Additionally, each year the Trustees consider new applications. If approved the impact of these Erants Is reviewed to consider whether further supwrt is appropriate. Actlvitles lor achleving objertfves The Trustees are reewing the application prcKes5 to ensure that it Is both rlgorous but not onerous for applicants. A revlew of all lorE term funding arraTh3ements is underway and will be completed in 2024. Fundra151ng The Charity relles the generosity of members of the WcYshipFul Compary of Environmental Cleaners. A revlew of exiSn8 do$ has been urKlertaken to encourage supkvt. Regular communication of the impact of grant Is communicated to the members. Grant Maklni The Trustees have stsrted a review into the grant makir8 strategy vAth a vlew to ensure maxlmum impact. The review will be completed In the next 12 months. A full Ilst of grant recipientsls belthv. Processes and operatlon•l The Trustees wanted the follon8 prlnclples to be embedded in our actlvities.. Create a clear story for our dontys- members. trusts and companies. Our grant Mak1 prcKess shwld reflert the sertorfs best practice, commensurate with our size. Our applicatlon wocess must be rolyjst Ixrt also not a barrler d. Maln actlvltles The Charlty operates by makin8 8rarrts to other educational and charltsble organlsatlon5 to achieve the Charivs objertlves In 2023 the level of 8rarrts decreased from £33.103 to £28.034. e. Grant makln8 polltles The Trustees have conducted a review of tpeir Grant Making Oicy and agreed the followng as our priorltles:. l. Education 2. Young People 3. Other Charltles 4. Trade l Families
S. Mllitsry 6. Medical 7. Elderly Achievemerrts and performarKe Key finan¢ial performance Indicators The Charlty Is in sound financial health and exceeded the Imjdgeted plan In most areas. The Charlvs reserves were above the mlnimum level and the cash flow remained posltlve throughout the period. b. Revlew of actlvltles In admlnlsterln8 the Charlty the Board has complied with the dirty in s.4, Charlties Art 2Crf)6, to have regard to the public benefit guldance published by the Charity CcKnmission. The followlng are report5 on some of activities undertsken for the lblIC beneflt In pursult of the strateglc objectives of the Charity. Glfts to Wido4¥S London Air Ambulance No Golng Back Magic Breakfast Carers UK MND IIAMC - Benevdent Fund Annual ATC 50F caMberVlI and Lambeth 75 RAMC SELACF Treloar Trust Bursary St Paul'5 Cathedral Spltslfleld5 Crypt City & Guild5 Cleaners Prlze Bllnd Veterans UK Britlsh Red Cross Clty of London Sweeper of the Year Prize Clty of London School Prize RAF EHT Prize RAMC Junlor NCO Prize RAMC PGMO General Practlce Prlze RAMC Senior NCO Prize Royal Britlsh Legion Best Army Cadet Prize Best ATC Cadet Prize Best MarSne Cadet Prl Livery SchcK)Is Llnk Llvery Company Skills Councll ConstrLKtion Llveries Group £6.3IX).(M) £2.5CK).IJ) £2.5(Kl.00 £2,CW. £2..c £1,0.() £1,5.00 £i,¢)x).00 £i,co). £i.LYN). £i.(m. £i,C. £650,(KI £5CNJ.IJ) £418. £4LNJ.LM) £250.(KJ £250.LY) £250.IJ) £250.Lh) £190. £125.(X) £125.LKI £125.IXI £125.CKJ £iw. £75.(Kl
Clty of London Sweeper of ts Year Runners Up Prize Donations Other e. Fundralsln8 actfvttlesllncome generatlon The Charity only raises funds from the membership of the Worshipful Company of Environmentsl Cleaners. d. Investment pollcy and performance The Investmerrt portfollo15 managed BrevAn Dolphin / Rcyal Bank of Canada. The Trustees have met regularly with them to ensure that the Investment r1cV 15 followed. The portfolio generated an income of £37,328 during the ypar. e. Factors relevant to achl•ve oblectlves The Members of the WCEC Llvery are the main %)urce of funds and volunteer Sup1 to the Charlty. The Charlty15 deeply Indebted to the generoslty of the member5 of the WCEC Livery. Nnan¢lal Revlew i. Golng concern After maklng approprlate enquiries, the trustees ha¥p a reasonable expe¢tstion that the Charlty has adequate resources to cirtinue In ¢)peratlonal existence for the foreseeable future. For thls rea50n they continue to adopt the golng concern ba%s in preparin8 the financial ststements. Further detslls regardlng the adcytlon of the goirq concern basis can be found in the Accounting Policies. b. Reserve pollcv The Trustees revlewed the reserves ricY and have agreed the followlng:_ The restrlcted reserves fund has been mls named and is an endNment fund. They a8reed that the goal should be to keep 2 years runnin8 Costs as free reserves. Flnanclal summary
In the year ended 31st March 2023 the Charity generated a10s5 of £98,69212022.' gain £80.9171 which included net losses on investmerrts of £107.22512022: gain £78,767). The Trustees therefore c(Jnsider that the operating surplus £8.53312022: £2.1501. The Expendable Endowment Fund Was Stated at £1.169,587. Unrestrlcted Funds were £93,230. Which represents 23.5 months running cos d. Prlncipal fundln8 The Charlty has three main source5 of funding Donations from members d th WCEC Livery b. Investment income e. Materlal Investments polky See Investment Pollcy alThe Strurture• govern•nce and management Constltutlon The Charlty is reglstered a5 a charlty Set up by a Trt Deed. b. Method of appolntment or electlon of Trustees The management of the compary Is the responsibillty of the Trustees are elected and co- opted under the terms of the Trust deed. TrteeS are expected to serve 3 year terms that may be extended. ¢. Pollcles adopted foi the Indurtlon and tralnlng of Trustees New Trustees who have not prevlously been CharityTrustees are given coples of relevant Charity Commission pubticatSons as part of their Induction ryote. Briefin8 sessions with key members of the Charity are 8iven to all new Trustee& There have been two Trustees apFrf)inted $ie the last report. d. Pay pollcy for senlor staff The Charlty does not ary paid emplcyfft5. It Pays the Worshipful Company of Environmental Cleaners for administrative supporL Orzanlsailonal structure and declsion makln8 Responslbility for the strategic management of the Charity and key operational decisions rests with the Trustees, who generally meet regularly. f. Related party relatlonshlps
The Court of Assistsnts of The Worshlpful Company of Environmental Cleaners appolnts the Trustees aNI is therefore a related party. 8. Rlsk mana8ement The Trustees are plannire to revlew major risks to ensue that Systems are In the place to mitigate them. h. Strategy The Trustees are undertsking a review of strate8y. Plans for fvture perlods a. Future development$ The Charlty wlll complete le5 review of 8rant maklng arKI Prce a plan for the future. The Trustees plan to ra15e the profile of the Charity vAthin Lh)th the membershlp of the Company and the broader cleaning industry. They wish to increase the impart of donations and use thls informatlon to Increase donations. Asset cover for funds The Trustees conflrm that awts are awdllable and are adequate to fulfil the obll8ations of the Charity. Trustee< responslbllltl•s statem•nt The Trustees are respor6ible for preparlrg the Trustees. report and the financial ststements In accordance wlth appllcable law and United fingdom Accountln8 Stsndards (United Kingdom Generally Accepted kcountirg Practlcel. The law applicable to charlties in ErelarKI & Wales requlres the Trustees to prepare financial Statements for each flnancial year vthich give a true and fair view of the State of affairs of the Charlty and of Its in¢omlng resources and applicati of re%)urces, IncIalne its income and expenditure, for that period. In preparin8 these financial statements, the Trustees are required select sultsble accounting pdlcles and then awly them conslstently; observe the method5 and winciples in the Charities SORP.. rnake judgments and accountin8 estlmates that are reasonable aThl prudent:
State whether appllcable UK Accounting Stsndard5 have been followed, subject to ary material departures disclosed and explained in the financial ststements: prepare the financial statements on the going conrn basis unless It Is inapwopriate to presume that the charitsble company will C1Th in operation. The TfleeS are responsible for keepir* adequate accJntirq records that are sufficient to show and explain the charitable company's transactions and disclose reasonable accuracy at any time the financial position of the charitsble company and enable them to erksure that the flnancial 5tstements coMY with the Companies kt 2LNJ6. Tlw are also reswnsible fc safeguarding the assets of the charitsble company and hence for taking reasonable steps for the prevention and detecticn of fraud aThJ other irregularltles. Independent examlners The Independent examlners, V4th. have Indicated their will[ne$S to contlnue in offlce. The Trustees have approved a motlon re-appointtng the independent examlners at a meetlng of the Trustees. Thls rerth was approved ty the Trustees on rrtxxxxx and slgned on their behalf ty: M O'connor. Chalrman
The Worshipful Company of En¥lronmental aeanffs CharityTrust Independent Examiners Report Independent Examinevs Report to the trust••s ofThe Wor5hlpfvl Compw of Envlronmentsl Cleaners Charlty Tru I report to the trustees on my examination of the financial ststements of The Worshlpful Company of Environmental Cleaners Charlty Trust tor the year ended 31 March 2023 whKh comprise the Ststement of Financial Activities, the Balance Sheet and the related notes. Responslbllltles and bas15 of report As the charity's trustees you are responsible forthe preparation of the financial statements in accordance with the requirements of the Charitles Aci 20111.ihe Act'l. The trustees consider that an audit is not required for th15 year under the Charitle5 Act 2011, s.14412} Ithe 2011 Artl and that an independent examSnation is needed. I report in respÈrt of my èxaminatlon of the charlty's financlal statements carrfed out under sertion 145 of the 2011 Act and in carryln8 Out my examlnatlon I have followed all the applicable Oirections 8lven by the Charlty Commisslon under section 14515llb) of the Act. Independent examlnerfs ¥tement I have completed my examination. I can tonfimi that no material matters have come to my attentlon In connettion with the examinatlon 8lvlng me cause to believe that in, any material respert- • the iccountln8 records were not kept In respect of the charlty as required by sectlon 130 of the Act,. or the flnancial statements do not accord with those record5; or the flnanclal statements do not compty with the applicable reqUIrnents ¢oncemlng the form and content of the flnanclal statements set out in the Charfitles (Accounts and Reports) Regulatlons 2008 other than any requlrement that the financial ststements 8fve a'true and falr, vlew whlth Is not a matter consldered as part of an Independent examinatlon. I have no concerns and have come across no other matters In connectlon with the examinatlon to whS¢h attentlon should be drawn in thls report in order to enable a proper urbder5tarMlin8 of the flnanclal statements to be reached. Sharon Prfrtoe ACC4 FCCA V4th Llmited Albany House 14 Shute End Wokin8ham 8erkshlre RG40 18J 31 Au8USt 2023 Pa8e 2
The Worshlpful Company of Emiironmentsl Cleaners Charlty Tn Statement of Flnanaal Athities for the year ended 31 Marth 2023 Unrestritted Endowm•nt funds funds Tolal funds Total funds 2023 2023 2022 Notes Income and endowments fr¢xn: Donatlon5 and legacles Investments 16.391 37,328 16,391 37.328 16,071 36,318 Total 53,719 53.719 52,389 Exp•ndltsre on: Raising funds Charltable artivities Other 8.485 28,034 8,667 28,034 8,667 33,103 7.630 Total 45.186 45.186 50,239 78.767 Net Ilossesl/8alns on Investments Net lexp•ndltyrelllncome Transfers between tunds N•t {•xp•ndltyr•)Ilncome before other g•lnslllossesl Other galns and losses Other Gains 1107,2251 198,6921 11.169,5871 1.169,587 1107,2251 198.6921 80,917 11.268,2791 1.169,587 198,6921 80.917 3,268 11.265,0111 1.169.587 3,268 N•t mov•mMt In funds 195.4241 80,917 Re¢onclllatlon of funds: Total funds brought forward L358.331 1.358,331 1,277.414 Total fvnds cafrl•d torward 93.320 1,169,587 1.262,907 1,358,331 Page 3
The Worshlpful Company of Envlronmental Cleamys Ch*ltyTrust Balance Sheèt at 31 Marth 2023 Charlty No. 271058 2023 2022 Flxed assets Tangible assets InvestsTr)ents 5.625 1.219,586 1.225.211 5,625 1,335,296 1,340,921 Current assets Debtors Cash at bank and in hand io 5.536 57.313 62.849 125,1531 37.696 6,115 22,066 28,181 110.7711 17,410 1,358,331 Credltors: Amount fallSn8 due withln one year Net current assds li Total assets less current Ilabllltles 1.262,907 Net assets eXdudI penslon asset or Il•bUIty Total net a55•ts I.262,7 1,358,331 I,262,7 1,358,331 Th• lund5 ofthe charfty R•slrl¢ted lun Endowment funds 12 1.169.587 1,169,587 Unr•strl¢t•d lunds General fvnd5 12 2W.$45 1,358.331 2(Y).545 1,358,331 Reserves Revaluation reserve 12 1107.2251 (107.2251 Total lunds 1.262.907 1,358,331 Approved by the trustees on 31 Au8USt 2023 And slgned on thelr behaW by: M. O'connor Trustee 31 Au8ilSt 2023 Page 4
The Worshiplul Company of Environmental aeaneTr CharftyTn Notes to the AccouJ)ts tor the year ended 31 Marth 2023 l Ac¢ourtlw poll¢lts Basls of preparatlon The financial statements have been prepared In accordance wlth Statement of Rewmmended Prartice: Accounting and Reporting by Charffties Pparin0 their accounts in accordance wlth the Financial Reportlng Stsndard applicable in the UK and Republic rf Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Stsndard applicable in the United Kin8dom and Reptsbllc of Ireland IFRS 1021 and the Charities Act 2011. Chanie In basls ol •ccountln8 or to p¥[05 acctymts There ha5 been no change to the accounting policiès Ivaluation rules and method of accountlngl since last year and no changes have been made to accounts for prevltyJ5 years. Income Recognltlon of Income Income is included In the Statement of Financial Activit$ ISOFAI when the charity be¢ome5 entitled to. and virtually certaln to receive. the Income and the amount of the income can be meas(tred with sufficlent rellablllty. Income wlth rèlated Where income has related expenditure the In¢ome and lated expenditure 15 expendlture reported Bross In the 5oF Voluntary irKome received by way of grants. donations and lifts Is Included in the the SOFA when receible and only when the Chartty ha5 unconditlonal entitlement to the income. Tax redaims on Income from tsx redalms Is Included In the SOFA at the same tlme as the donatSons ènd gSft$ 8lftldonatlon to which it relates. Donated Mrvkes Thes• are only InLed In In¢ome Iwbth an eoul¥alent amount In expendlturel and facllltles where the benefft to the Charhy Is asOnablY quantlflable, measurable and materfal. Volunteer help The value of any volunteer help recelved is not Included In the accounts. Investment In¢ome Thls is Included in the accounts when receivable. Gainslllossesl on Th15 Includes anygaln or l¢)ss resulting from revaluin8 investments to market value revaluatlon of fixed at the end of the year. assets Gain51llossesl on Investmènt a$5ets Donations and leBacles Thls In¢ludes ary galn or loss on the sale of Investments. Page S
The Worshlpfvl Company of Envlronmental aeanws CharliyTrust Notss to the Accounts Expenditur• Re¢o8nition of expenditure E¥penditure Is recognlsed on an accruals basis. Expenditure includes ary VAT which cannot be fij1 ¢0¥ered, and is reported as part of the expenditure to which relates. These comprfse the costs assoclated with attracting voluntary income. fundraising tradlng costs and investment management costs. Expenditure on raising fund5 Expendlture on These comprlse the costs Incurred by the Charity in the delivery of fits activities and charltable artivities services in the furtherance of Its objects. including the makin8 of grants and 80vernance costs. Grants payable All grant expenditure is accounted for on an actual paid basls plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These Sndude those ¢05ts associated wrth meetin8 the const5tutlonal and ststutory requirements of the Charity. includin8 any audltlindèpendent examlnatlon fees, costs linked to the strategic marba8ement of the Charity, together wSth a share of other admlnlstratlon costs. Other expenditure These are support costs not allocated to a partl¢ular actNity. Governan¢e costs Taxatlon The ¢harfty1s exempt from tax on Its charltsble artlvitles. Stocs Stock Is Included at the lower of cost or net reallsable value. Oonated Items of stock are rKo8nlsed at falr value whlth Is the amount the charlty would have been wllllng to pay for the rtems on the open market. Trade and oth•r d•btoYs Trade and other debtors are r•co8ni5ed at the settlement amount due after any trade dlscount offered. Prepayments are valLted at the amount prepald net of any trade dI$Unts due. Cash •nd ush •qui¥alents Cash and cash equivalents Comprise cash at bank and on hand, demand deposrt5 wlth banks and other short-term hl8hly liquid investments with original maturities of three months or le55 and bank overdrafts. In the statement of financlal poslilon. bank overdrafts are shown within t)rrowin8s or current1Sabllltits. In the Statement of Cash Flows. cash and cash equivalents are shown nèt of bank overdrafts that are repayable on demand and form an Integral part of the company's cash mana8•mènt. Trade and other credltor5 Short term creditors are measured at the transaction price. Other creditors and provisions are recognlsed where the charlty has a present obllgatlon resulting from a past event that will probably result in the transfer of funds to a third party and thè amount due to settle the obli8atlon can be measured or estlmated reliably. Credltors and provlslons are nornlally recognlsed at their settlement amount after allowin8 for any trade discounts due. R*ceipt of donatsd 8ood& f•dlltles and swv1rn5 All donated goods, faciif(ies and ser¥ices receNed are recognised wlthln Incoming resources and expenditure at an estimate of the value to the charity- Page 6
The Worshlpful Company of Environmental Cleaners (harltyTrust Notes to the Accounts 2 Income from donat9 and le8ades Total 2023 Total 2022 16.391 16,391 16,391 16.391 16,071 16.071 3 Income from inv•stm•nts Unrestricted Total Totsl 2022 2023 37328 37.328 37,328 37,328 36,318 36,318 4 Exp•ndttur• on ra155nq fvnds Totsl 20 Tot•1 202Z Investment manogement Costs 8,485 8,485 9,506 9,506 8,485 S Exp•ndltur• on ¢harltsblt •rtl¥ltles Unrestrlct•d Tot•1 2022 202J Expendlture on churltoble octivltie5 28,034 28,034 33,103 Governance costs 28,034 28.034 33,103 6 Oth•r ewndtture Tot•1 Total 2023 2022 Adminlstratlon costs General administratNe costs Legal and professional costs 6,000 86 93 93 1,574 8,667 1,574 8,667 1,544 7,630 Pa8è 7
The Worshlpful Company of Envlronmentsl aeaners tharity Trusl Notes to the A<¢ounts 7 Adm1n15tr0n costs 2022 AdmInistran costs 6,000 6,000 No employee received emoluments in ex55 of £60.1W. 8 Tan8ible flxed a55ets Cost or revaluatlon At l April 2022 At 31 March 2023 5.625 5,625 5,625 5,625 Net book walu•s At 31 March 2023 At 31 March 2022 5,625 5,625 5.625 5,625 9 In¥•stm•nts Other Investments . 8rewln Dolphln Totsl C05t or r•valuatlo At l April 2022 ftevaluatlon At 31 March 2023 N•t book val At 31 March 2023 At 31 March 2022 1,335,296 1,335,296 1115.7101 1115.7101 1,219,SB6 1,219,586 1,219,586 1,335,296 1,219,586 1,335,296 10 Debtors 2022 Trade debtors Other debtors 150 5,386 5.536 6,115 6.115 11 Cre(l¢ors: bmounts falllng due wlthln one year 2023 2022 Trade credltors Other creditor5 Accruals Deferred income 1,058 3,480 2,700 3,533 10,771 3.619 21,534 25,153 Page 8
The Worshipful Companyof Envlronmental Cle•nevs ChaiityTrust Notes to the Accounts 12 Movement in funds Iwimlng At31 Marth 2025 lindudln AtiWI other 2022 DI1Sses) transfers Resirlcted fvnd5: Endowment lunds: 1.169,587 1,169,587 Total 1,169,587 1,169,587 Unr•strkt•d funth: General lunds 1,358.331 56.987 145,1861 11.169,5871 2CQ,S45 Re¥aluatlon Reserves: Revaluatlon fund 1107,2251 1107,2251 1107,2251 1107,2251 Total revaluatlon reserves Total funds 1,358,331 150.2381 145,1861 1,262.907 Purposes and restrtctlons In relatlon to the funds: RevalUaOn resep4 Represent the •mount by which Investments exceed their historlcal cost. 13 An•lysls of n•t us•ts between funds Unr•strlrt•d lunds Totsl Flxed assets Investments Net current assets 5.625 1.219.586 37.696 1,262,907 5.62S 1,219,586 37,696 1,262.907 14 Re¢ondllatlon of net debt At31 Marth 2023 At l Aprll 2022 C•sh flt)WS Cash and cash equlvalents 22,066 22.066 35,247 35.247 57,313 57,313 Net debt 22,066 35,247 57,313 Pa8e 9
The W¢f5hlpfvl Company of Envlronmentsl aeaneffs a*rftyTrust Detslled Statement of Financial Aitivitles forthe year ended 31 March 2023 Unrestrfcted End¢)wmert funds funds Total ful$ Total funds 2023 2023 2022 Incom• and ¢nOents from: Donations and legacles 16,391 16,391 16.391 16.391 16,071 16.071 Investments 37.328 37,328 37.328 37.328 36,318 36.318 Totsl Income and •ndowments Exp•ndlture on: Investment management costs 53.719 53.719 52.389 8,485 8,485 9.506 9,506 8,485 Total of exyndlture on ralslnl lunds 8,485 9,506 Charltable actfvftles 28,034 28.034 28,034 28.034 33,103 33,103 Total of •xp•ndltur• on ¢h•rh•ble actMtI•s 28.034 28,034 33,103 Admlnlstratlon costs Admlnlstratlon costs General admlnlstratl¥e cos Induding depreclatlon and rnortlsation Bank char8es 93 93 93 86 93 L•8al and professional ¢05ts Accountancy and bookkeeK4ni 1,574 1.574 1,574 1.574 1,544 1,544 Total of expendlture of other¢¢Mts Total expendlture Net galns on investments 8,667 8,667 7,630 45,186 1107.2251 45,186 50,239 1107.2251 78,767 Net lexpendlturelllncome Transters between funds 198.6921 198.692 80,917 11,169.5871 1.169,587 Net le¥pendltsre)Ilncome before other8alnsl(loss•sl 11.268.279) 1.169.587 {98,6921 80,917 Page 10
The Worshipful Company of EIronMents1 Cleaners crIty Tn D•tslled Statement of Financial Attivities Other Gain5 3.268 3.268 Net movement In lunds 11,265,011) 1,169,587 195,4241 80,917 Re¢onclllatlon of funds: Totsl funds broht fon¥ard 1.358.331 1,358.331 1.277,414 Total fund5 carrl•d foThva 93.320 1,169,587 1.262.907 1,358.331 Page 11