Th• WorsNpful Company of En)nMents1 Cknr*s Ch•rfty Trust Charlty 140. 271058 Trust••s' Report and Unawllt•d A(counts 31 Marth 2024
Th• Worshipful Company of EmAr¢)nmeTrtsl Cleaners CharftyTrust Contents Pages Trustees, Annual Report Independent E¥amlner's Report Statement of Flnanclal Activities Balan Sheet Note5 to the ACUnts Detalled Ststement of Flnandal ActNItOes 5tolO Ilto12 Page I
Trustees, re ort for the ear ended 31 Mar 2024 The Trustees present their annual report together with the financial statements of The Worshipful Company of Environmental aeaners. Trust (the Charty) for the year ended 31 March 2024. The Trustees confimi that the Annual report and financial statements of the Charity comply wrth the current statLrtory requirements. the requirements of the Charity's 8overnin8 document and the provisSons of the Statement of Recommended Practice (SORP), appllcable to charities preparing their accounts In accordants with the Financial Reportlng Standard applicable In the UK and Republlc of Ireland {FRS 1021 (effective l January 20191. Objertlves and Actlvitle5 . Pollcles and objectlves In setting obJecttve5 and planning for activities. the Trustees have glven due conslderation to general guidance published by the Charity commisslon relatlng to public beneflt. A8ainst thls background, the objectlves of the Charity are as follows. he Trustees shall out of the Income of the Charlty Trust defray the expenses of the admlni5tratSon of the fund and subjert thereto shall hold the same upon trust for such of the followlng objects and In such shares and proportions as they think flt that is to 5ay- (al the rellef of poor person5 engaged In the cleanin8 industry, Commer and the publlc servlce and the wlves. wldows, children and other dependents of such persons bein8 in necessltous financlal circumstances,. Ibl the furtheraTr of education and tralnln8 In connertion wlth the advancement of hyglene withln the communlty,. and Icl the benefit of such charitable Instltutlon5 purpose or purposes In such shares between them if more than one as the Trustees wlth the consent of the Worshlpful Company of Environmental Cleaners shall from tlme to tlme think flt with power of such consent as aforesaid (but with PludICe to the generality of the fogoing) to apply the whole of any part or partsor such Income In ortowards the estsblishment ofany charitable In5tltut5on or organlsatlon." The Charlty has a clear vislon :. he Charlty alms to be the leading facilitator of Envlronmental / Cleanln8 related charitable actlvltles. The Charlty will achieve this by leveraging the resources, funds and pro bono skllls of the Cleanlng Sector (commercial organlsatlons, professional bodies and indlvidualsl. bv partnerin8 wlth carefully selerted charities and by the generosity and tharitable activlties of all of the Companvs membershlp." b. Strategles for •chlevln8 objecuves At the core of our strategy the Charlty builds on80ing relationships with organlsatlons to provlde multiyear funding. These relationships allow the Trustees to Work with the organisatlons they are fundln8 to ensure our objectives are reached.
Additionally, each year the Trustees consider new appli¢ation5. If approved the Impact of these 8rants is reviewed to consider whether further supp)rt is appropriate. c. Activltles for achieving obiectives The Trustees are reviewing the application process to ensure that rt is1)oth rigorous but not onerous for applicants. A review of all funding arrangements Is underway and will be reported on In the next finandal year. Fundrnlsln8 The Charity relies on the generosity of members of the Worshipful Company of Environmentsl Cleaners. A revlew of existing donors has been undertaken to encourage support. Regular communlcation of the impact of 8rants is communlcated to the members. Grant Maklng The Trustees have started a revrew into the grant makln8 Strategy with a vlew to ensure maxlmum impact. The review will be completed in the next 12 months. A full Ilst of grant reciplents is below. Processes and operatlon•l The Trustee5 wanted the followlng prlnaples to be embedded In our artlvltie5: Create a clear story for our donors- members, trusts and companles. Our grant makln8 process should reflect the sertorfs best pract1, commensurate wlth our size. Our applicatlon process must be robust but a150 not a barrier d. Maln actlvltl•s The Charity operates by making grants to other educatlonal arKI charltable organi5atlon5 to achieve the Charlvs objectlves In 2024 flnanclal year the level of grants Increased from £28,034 to £43,506. Thls Is seen as posltlve by the Trustees and more in line wlth pre pandemlc applications e. Grant maklng poll¢les The Trustees have conducted a leW of their Grant Maklng pollcy and agreed the followin8 as our prlorities:. l. Educatlon 2. Young People 3. Other Charitles
- Trade / Famllies
- Military
- Medical
- Elderly Achievements and performance Key financlal perfornMnce Indlators The Charity is In sound financlal health and exceeded the budgeted plan in m05t areas. The Charitvs reserve5 were in Ilne with the Trustees, 8oals and the cash flow remalned p051tive throughout the perlod. b. Revlew of actlvltl•s The Trustees have revlewed a broad range of policies to Improve the mana8ement and govemance of the Trust. In administerlng the Charlty, the Board has complied wlth the duty In s.4. Charitles Act 2¢X16, to have regard to the publlc benefit guidance published by the Charlty Commissn. The following are reports on the activlties undertaken for the publlc benefrt In pursuit of the strateglc objectlves of the Charity. Clty of Lor¥Jon Glrt• Sclthl St 81rt8 Gifts to Ctynpany Clty Harv•st Wafforf Wofftlt St Joph8 Ho Satsr Pl8ce8 Wn8ton8 Weh Stwt stornge Unlver81ty Colw Ho4)W•l Th8 Bla Cury Lun GLSE Tutorfw to Thrtr ATC SOF C•nbert411 and Larnb•th C)n• 75 IRAMCI SELACF Annual tlona RAMC. 8•rW0nt Fund Annuol Cor4tkin TS NaThlk BrcfflY Sea Ca¢ Ctty of LoThJon Freeman• SGW PrEe Company SilverJuble8Awarrl IMa8terf• Ch(4r) Clty ofLorthn School Prize CRY ot LoTrJon Swe8p•r ofthe Y&ir Pw RAF EHT Prlze IIAMC PGK•3 GoTal Prn(*l¢• Prti• FiAMC Senior NCO PrEe PAMC TA EHO Forca Env. I[th Award Unitsd Guihj Truateag Cty of London sp•r9ft Y•arRurrnrn Up 7298 tx) s,oco c 3,8CQ C 2.5.c(l 2.1W) CQ 2,0fyJ. 2,j.c 2,0.[3 1.9)).( 1..00 1.5fy).fA) 1.350.CiI 1,C(Q 1.CKQts) 1,CKQ.C 1.IXTh). 1,CQJ.CQ 2x1 O) 2.(0 250.0)
Royal Briti8h Wion B8siATC Cadet PiRe Bast Anny C&Yet Prizti P4$1 MarirE Cadet Prize Bast Sea Cadet PrEe Livery Sthods Lknk Awards Oth8rB Total Cotof Sal•• 125.(Th) 125.0) 125.¢X) 125.Lil 125.cfl 1.853 44 ¢. Fundratslng artlvltlesllncome generatlon The Charity raises funds from: the membership of the Worshipful Company of Environmental Cleaner5. Associated organisations. From event fundralsln8. d. Investment pollcy and perfornMKe The investment portfolio is managed by Brewln Dolphln l Royal Bank of Canada. The Trustees meet regularly with them to ensure that the Investment pollcy is followed. The portfolio generated an income of £35,734 durlng the year. e. Factors relwant to a¢hlev• objectlves The Members of the WCEC Uvery are the main Sour of funds and volunteer sUPPOrt to the Charlty. The Charity Is deeply Indebted to the 8eneroslty of the members of the WCEC Livery. Flnanclal Revlew Goln8 con¢•rn After making approprlate enqulrles. the trustees have a reasonable expectatlon that the Charlty has adequate resourtes to continue In operatlonal existence for the foreseeable future. For thls reason they contlnue to adopt the 8oin8 conrn basls In preparlng the financlal statements. Further detalls re8ardln8 the adoption of the 80in8 concern basls can be found In the Accountln8 PolScles. b. Reserye pollcy The Trustees reserves pollcy Is to keep 2 years runnin8 costs as free reserbs. c. Flnanclal summary
In the year ended 31st March 2024 the Charrty generated a surplus of £14,11 (2023.. Ioss £98.6921 which included net gain on investments of £76.57312023.- loss £107,225). The Trustees therefore consider that the operating surplus was £90.673 {2023: deficit £98,692). The Expendable Endowment Fund was stated at £1.246,160. Unrestricted Funds were £107.420, Which represents 21 months running costs. d. Prlndpal fundln8 The Chartty has three main sour$ of fundlng a. Donations from members of the WCEC Livery b. Investment Income c. Events and partner organisations e. Materlal Investments polky See Investment Pollcy above Structure* govemance and management Constftutlon The Charlty 15 registered as a charlty set up by a Trust Deed. b. Method of appolntsment or dectlon of Trustees The management of the company Is the responslblllty of the Trustees who are elected and co- opted under the terms of the Trust deed. Trustees are expected to serve 3 year terms that may be extended. c. Pollcles adopted for the Inductlon and tralnln8 of Trustees New Trustees who have not premously been Charlty Trustees are 8iven copies of relevant Charity Commlssion publications as part of their Inductlon process. 8riefln8 sessions with key members of the Charity are given to all new Trustees. There have been two Trustees appolnted slnce the last report. d. Pay pollcy for senlor staff The Charlty does not have any pald employees. It pays the Worshlpful Company of Envlronmental Cleaners for adminlstratlve support. e. Or8anlsatk¥nal structure and declslon mJkln8 Responsibility for the strate8i¢ management of the Charty and key operational decisions rests wlth the Trustees, who meet re8ularly.
f. Related party relatlonshlps The Court of Assistants of The Worshipful Company of Environmental Cleaners appoints the Trustees and is therefore a related party. g. Rlsk management The Trustee5 are plannln8 to revtew major risks to ensue that systems are In the place to mltlgate them. h. Strategy The Trustees are undertaklng a review of strategy. Plans for future perlods a. Future developments The Charlty Is plannlng a revlew of Its communlcatlon strategy to Increase the visibillty of its work. Asset cover for fvnds The Trustees conflrni that assets are available and are adequate to fulfil the obli8atlons of the Charlty. Trurtees, reSpOnbIlItIeS ststement The Trustees are responsible for preparing the Trustees, rep)rt and the flnanclal statements In accordance with applicable law and United Klngdom Accountlng Stsndard5 Iunlted Klngdom Generally A¢pted Accountlng Practlcel. The law appllcable to charltles In England & Wales requlres the Trustees to prepare financlal statements for each financial year whkh glve a true and fair view of the state of affalrs of the Charlty and of its Incoming reSoUrS and appllcatlon of resources. Including its income and expenditure, for that perlod. In preparing these finanaal statèments, the Trustees are required select sultable accountin8 pollcles and then appty them conslstently; observe the rnethods and prfnciples in the Charfttes SORP; make Judgments and accountlng estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departu$ disclosed and explalned In the financial ststements;
prepare the finanaal statements on the goin8 concern basis. unless it Is inappropriate to presume that the charitable company will continue in operatlon. The Trustees are responsrble for keeping adequate accounting records that are sufflclent to Show and explain the charitable company's transartions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financlal statements compty with the Companies Act 2¢J)6. They are also responsible for 5afe8uardlng the assets of the charitable company and hen for tsking reasonable steps for the prevention and detectlon of fraud and other irregularities. Independent examlners The Independent examiners, V4th. have indicated thelr willlngness to continue in office. The Trustees have approved a motson re-appointlng the independent examiners at a meetlng of the Trustees. Thls report was approbtd by the Trustees on 11 June 2024 and si8ned on their behalf by: M O'connor, alrman
The Wor5hlpful Company of Etwlronmentsl aeaners Charlty Tru Ind•p¢nd•nt Examlners Report Independent Examln•r's Report to the trt$ ofThe WOThhIp Company of Envlffonmentsl aean•rs CharltyTrust I repon to the trustees on my examination oFthe financlal ststements of The Worshipful Company of Envlronmerrtal Cleaners Charity Trust forthe year ended 31 Marth 2024. ResponbIlItIeS and ba$5s olrep As the thaws trustees you are responslble for the Preparati of thefinancial ststements In accordance wfth the requiremerts of the Charltfes Act 20111'the ACVI. I report in respect of my examonation of the charlty's flnandal Ststsments carrled out under sectlon 145 of the 2011 Act and in ¢arrylng out my examination I have followed all the appll¢able Dlrectlons gfven by the Chority Commtssion ut)der sethon 14515Kbl of the ACL Ind•p•nd•nt •xamln•r's >tstwnert I he completed my examlnation. I can cfjnflmi that no merial matters have come to my attentlon In connertlon wlth the examination Blvlng me cause to believe that in any materlal respect.. the accountlnB records were not kept In Tespett of the charlty as required by sectlon 130 of the Act; or . the financlal ststements do not accord wlth those records: or • the flnanclal statements do not compty th the appllcable requlrements concemlng the fomi and content of financial statements set out in the Charttte5 (Accounts and Reports) ReBulaon$ 2008 other than any requlrement that the financial statements gbve a rue and fal wew whlth Is not a matter conSided as part of an Independent examination. I have no concern5 and have come Jcr055 no other matters In tonneetlon with the examlnatlon to whlch attentlon should be drawn In thls report in order to enable a proper understandin8 of the flnanclal statements tt> be rejthed. Sharon Prlctoe ACCA FCCA V4th Llmlted Albany House 14 Shutè End Woklngham Berkshlre RG40 IBJ 11 June 2024 Pa8e 2
Wor5Npful Company of £ThronMents1 (leaners Charlty Tvust Statement of Hnanclal A¢thAe$ for the year ended 31 Marth 2024 fund5 funds Total funds Totsl fvnds 2024 2023 Note5 Income and •ndowmts Dona05 and legades Other tradln8 actlvities Investrnents 22,966 16,835 35.734 16.391 16A35 35.734 37328 Tot•1 75,535 75535 53,719 Expendltsw• on: Ra151n8 funds Charltsble activltles Other 8,263 43,506 8.263 43,SL 8,485 28,034 8,667 45,186 1107,2251 198,6921 Total 61.435 Net losses on Investments Net Sncom•/(oMp•ndIr•j Transfers between funds Net InMell•xPédIture) b•forn oth•r 8alns1110sses) Oth•r 8•lns and losses Other Galns N•t mov•m•nt In fund• Ile¢on¢lll•tlon of funds: Total lunds brou8ht forward To•1 fvnds Carr1 lorward 61,435 14.1(Xl 14.1 14.1(X) 14,10? 198.6921 76,573 76,5n 76.573 3,268 195,4241 14,ICKJ 90,673 93.320 1169,587 1,262,907 1,358.331 107.420 1,246.160 1353,580 1,262,907 Page 3
The Wofshlpful Company of En¥lronmental (Jeaners CharrtyTru%t Balance Sheet at 31 Marth 2024 Charlty No. 271058 24 2023 Fixed a5s•ts Tan8lblÈ assets Invments io 5.625 11 1,285.480 1.291.105 5,625 1,219,586 1.225,211 Current assets Debtors Cash at bank and In hand 12 3.657 67.811 71,468 18,9931 62,475 5536 57313 62,849 125,1531 37,696 1.262,907 Cr•dltors". Amount fallln8 due within one year Net current assets Total a55ets lem Ilabllltl•s 1,353,580 N•t ass•ts exdudlng pwslon asset or Ilablllty Totsl nfrt ass•ts 1.353.580 1,262,907 1.353.580 1.262.907 The funds ofth• tharlty Restrlrt•d funds Endowment funds 14 1,246,160 1.246.IE4) 1,169,587 1.169.587 unrestrIct lunds General funds 202 188,744 188,744 202,844 14 Revaluatbon reserve 195,4241 195,4241 195,4241 195,4241 Totsl funds 1.353.580 1,262,907 Approved by the trustees on 11 June 2024 And sl8ned on their behalf by: M. O'connor Chalrman of the Trustees 11 June 2024 Page 4
The Worshipful Company of Envlronmentsl aeamffs Tt Notes to the Accounts for the year ended 31 Marth 2024 I kcfjuntl pojldes Basls of preparlon The financial statements have been prepared in accordance wrth Statsment of Recommended Prartlce.. Accounting and Reportlng by Charities preparin8 their accounts in accordance with the Financial ReportlnB Standard appllcable In the UK and Republk rf Ireland IFRS 102} issued on 16 July 2014 and the Flnancial Reporting Stsndard appllcablè in the United ngdoM and Republ1¢ of Ireland IFRS 1021 and the Charltle5 Act 2011. Chan8e In ba$ of a¢coundng or to pr¥ious xcounts There has been no chanBe to the accounting policies (valuation rules and method of account1) sln last year and no changes have been made to accounts for prewous years. Inrn• Reco8nitlon of Income Income is induded In the Ststement of Hnandal Actlvittes ISOFAI when the thar becomes entltled to, and Virtual certaln to recefve, the Income ar the amount of the Incom¢ can be measured wlth sufficient rellab511ty. Income wlth related Where Income has related eJEpendrture the Income and related expendlture Is expenTe reported gross In the SOF Donatlons and le8ades Voluntary Income rec•l¥ed ty way of 8rants, donatlons and glftsls Induded In the the SOFA when receSvabFe and CM)ly when the Cthartty has uncondltlonal entltlement to the Income. Tax reclalms on Income from tax reclalms is induded In the SOFA at the same tlme 45 the donatyons and 8Ifts 8lft/donatlon to whlch it relate5. Donated services and facllltlès These a onty induded In income Iwlth an equlvalent amount In expenditure) where the benefit to the Charlty15 re43bfy quantlflable, measurable and materlal. Volunteer help The value of Jnyvolunteer help reCed Is not Induded In the accounts. Investment Income Thls Is Included In the accounts when re1vabl•. Galnslllossesl on Thls Indudes any 8ain or loss re5uttln8 from rlU1 Investments to market value revaluatlon of fixed at the end of the year. assets Gainsl{10$5es1 on Intment ass•ts Thts Indudes any galn or Ios5 on the sale of Investments. Page 5
The Worshlpful Companyof En¥lYvnmental Cleanets CharltyTrust Notes to the Accounts ExPendIre Recognltlon of expendrture Expendrturels reccenised on an accruals basik Expendlture indudes ar)y VAT whlch cannot be fvlly recovered. and is reported as part ofthe expenditure to which it relates. Expendtture on ra15ing fvnds These comprise the costs assothated wrth attracttrva voluntary Income, fundrai5in8 tradi costs and Snvestment management costs. Expendlture on These camprisè the costs incurred by the Charity In the dellvery of Its actlvTties and charitsble artlvttles servi5 in the furtherance of Its objects. induding the makJn8 of 8rants and gcwemance costs. I grant expenditure is accounted foron an actual paid basts plus an accrual for grants that have been approved by the trustees at thè end of the year but not yet paid. These Include those costs asso¢iated wlth meeting the constitutional and statutory requlrements of the Charrty, indudlng any auditllndependent examination fees, costs linked to the strategic managemènt of the Ctharity. together wlth a share of other admln&tratlon costs. Other expenditure These are support Costs not allor*ed to a partkular attfvmy. Grants payable Governance costs Taxatlon The charlty Is exempt from tsx on its charitable aciivltle5. Stocks Stock Is Induded at the lower of cost or net reallsable value. Donated Items of stock a cognIsed at falr value whlch Is the amount the charity would have been willln8 to pay for the Items on the open market. Trad• •nd other d•btors Trade and other debtors are recc8nlsed at the settlement amount due after ary trade dlscount offered. ppaYrnents are valued at the amcwnt prepaid net of any trade d15counts due. Ca$h and ush •qul¥alents Cash and equSvalents compdse cash at bank and on hand. demand deposlts with banks and other short.term hlahly Ilquld Investments wbth ori8lnal maturltles of three months or less and bank overdrafts. In the statement of Ilnanclal Posftk, bank ¢Nerdrafts are shown wlthln borrowlngs or Current Ilabllities. In the Ststement of Cash Flows. cash and cash equlvalents are shown net of bank Lwerdrafts that are repayable on demand and forni an Integral part of the company's cash mana8emenL rrade and other Cr[tar9 Short term ¢dItorS are measured at the trdnsactlon pr1. Other tyedltor5 and provlslon5 a reeognlsed where the tharlty ha5 a Psent obllÉatlon resultlng from a past event that will probably SuIt Sn the transfer of funds to a thlrd party and the amount due to settle the obllgatlon can be measured or estlmated rellably. Credbtors and provlslons are normally recognlsed at thelr settlement amount after allowlng for any trade dIscnts due. Recelpt of donat 0d$. fadlltle5 and serv1% All donated 8oods, facblltles and servlces received are ¢08NSed wlthin incomln8 resources and expenditure at an estimate of the value to the tharity. Page 6
The W•rshlpful Companyof EnrOnMents1 aeabrs OwrltyTrust Notes toth• Accounts 2 Statsment of Rnancial Artlth- wloryear funds 2023 funds Tot•1 funds 2023 2023 In¢ome and endowments from: Donations and legacies Invertments 16,391 37328 16,391 37,328 Totsl 53.719 53.719 Exp•ndlture on: Ralsing fund5 Charitsble acuvmes Other 8.485 8,485 28,034 8.667 8,667 Taial 45,186 1107,2251 198.6921 11,169.5871 45,186 Net Balns on Investments N•t Income 1107,2251 198,6921 Transfers between funds N•t Income b•tore other 8•lns/{10sses Oth•r ylrfs and lossm: Other Galns 1.169,587 11,268.2791 1,169,587 198,6921 3.268 11.265,0111 3,268 {95,4241 N•t m0m•nt In funth R•¢ondllatlon of funds". Total funds brought foNard Total funds urrl•d forwayd 1,169,587 1.358,331 1,358,331 1.262,907 93.320 1,169,587 3 Inrne from donatknm nd l•yd Tot•1 Totsl 2023 22,966 22,966 22,966 22,966 16,391 16,391 4 Incom• from oth•r tradln8 Total 2024 Totsl 2023 16.835 16,835 16A35 16.835 Page 7
The Worshlpful CompanyolEn¥lronmental Cle•nÈrs ChrltyTru# P4otes to th• A¢iotsnts Totsl 2024 Totsl 2023 35,734 35,734 35.734 35,734 37.328 37,328 6 ExndIture on ralskn8 funds T¢>tsi Totsl 2023 InveStnnt monagement 8.263 8,263 8,263 8.263 8,485 7 E¥pendltur• on charltable actl Total Totsl 2023 2024 Expendlture on chorftoble ortfvltles 43,5 43,506 28,034 Gobrmonce costs 43.506 28,034 8 Other exp•ndltur• Total Tatsl 2023 2024 Admlnlstratlon costs General admlnlstratlv8 costs Legal and professlonal costs 96 93 2,570 2.570 9,666 1,574 8.667 9 Admlnlstratlon 2024 Admlnlstrauon costs 2023 No employee received emoluments In excess of £60,L¥XI. Page 8
The Worshlpful Company of Envlronmental aeaner5 Charlty Trust Notes to the Atwunts 10 T•n8lbl¢ fixed a55ets Cost or revaluatlon At l April 2023 At 31 Marth 2024 Net book values At 31 March 2024 At 31 March 2023 5,625 5,625 5,625 5,625 5,625 5,625 S.625 5.625 11 Investm•nts Investments - LlnlFstad Totsl Cost or r•valuatlon At l April 2023 Revaluation At31 Marth 2024 14et book wlu•s At 31 Marth 2024 At 31 Marth 2023 L219,586 1,219,586 65,894 65,894 1,285,480 1,285.480 1,285,480 1,285,480 1,219,586 1,219,586 12 Debtors 2024 2023 Tradè debtors Other debtors 150 5,386 5,536 3.657 3,657 13 Cr•dftor*' amounts falling due wfthln year 24 2023 Trade credhors Accrua15 Deferred Income 643 3,619 21,534 25.153 6.750 8.993 Page 9
The Wotshlpful company01EnrQnM¢ntaI Ckaners Charfty Tru# Notes to theAccounts 14 Mov¢ment In fvnds Incomlng rindUd1 Resourc•s At31 March 2024 At l Awll 8aln51105ses 2023 R•strlcted funds.. Endowm•nt funds: I.1697 76.573 L246,160 Totoi 1.169,587 Unrestrfrted funds.. Gen•ral funds Revaluatlon R•s•r¥e5: Revaluation fund Totol revoluatlon reserves 76.573 L246,160 188,744 75.535 (61,4351 202.844 195.4241 (95,4241 195,4241 195,4241 Totsl funds 1,262.907 152.108 161,4351 1,353,580 Purposes and reStrton$ In relatlon to the funds.. Revaluatlon reserves Represent the amount by whlch Investrnents exceed thelr hIst0Cal cost. 15 Anolysls of net •ss•ts betn funds funds Tot•1 Flxed assgts Investments Net current assets 5,625 5.625 1,285.480 1.285,480 62.475 62,475 1,353,580 1,353,580 16 R•condllatlon of n•t debt At31 March 2024 Atiwi 2023 C•sh flo Cash and cash equfv?lents 57,313 57,313 10,498 10,498 67,811 67,811 Net debt 57.313 10.498 67.811 Page 10
The WorshlpfiA Company of EnvIrOnmen aeaners Charfty Trust Dgtslled Statsment of Hnandal ACN forthe yeareThled 31 Marth 2024 funds funds Total fund5 Total funds 2024 2024 2023 Income al endowments from: Donatlons And legacies 22,966 22,966 22,966 22.966 16,391 16,391 Other tradlng actNities 16.835 16.835 16A35 16A35 Investments 35,734 35,734 75.535 35.734 35,734 75.535 37.328 37,328 53.719 Totsi kncome and •ndowm•Dts Expendltur• on: Investment management costs 8.263 8.263 8,263 8,263 8,485 8,485 Totsl of •xp•ndltur• oft funds 8.263 8.263 8,485 charable actlvltles 43,5C6 43306 43.506 43,506 28.034 28.034 Tot•1 of exPendIre on tharltabl• rt11tIes 43.5C6 43.506 28.034 Employee costs Salarfe5/wa8es General admlnlstrative Sts. In¢ludln8 depreclatlon and amortlsatSon Bank charges 7,ChJO 96 93 93 Le8al and profeSonal costs Accountsncy and bookkeepln8 2.570 1570 2,570 2.570 1,574 1,574 Total of •xpendltur• of oth•r costs Total expendSture Net 8ains on investments 8,667 61.435 61.435 45,186 {107,2251 P4•t Incomell•xpendl¢urn) 14,1(Kl 14.100 (98.6921 Page 11
The Worshlplul Company of Envlronmèntsl aeanets charityTrt Detalled Statement of Hnanclal Artlvllles N•t Incom¢l{expendlt4rel before other8alns/llosses) Other Galns 14.lQ) 14.1 198,6921 76,573 76.573 3,268 Net mo%ment In fund5 14.1 76.573 .673 195,4241 Re(ondllatlon of funds: Total funds brought forward 93?20 1.169.587 1.262,907 1,358.331 T)tal fvnds carrled fonvard 107,420 1,246,160 1.353. 1,262.907 Page 12