2021-09-30-accounts - The Worshipful Company Of Constructors Charitable Trust

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Dep Ch Doug Barrat	Review and management	ofthe Trusts relationship	ofthe Trusts relationship
	Beneficiaries
Tom Daly	Secretary
Bob Heathfield	Liaison with Scholarships	and Awards	Committee
Deborah Pullen	Treasurer
Victoria Russell	Liaison with the City and	Web page management
Ch Paul Shepherd	Strategy and Communication

3,500
From designated	funds:
f		Beneficiary
2000		Barts Guild
2000		ICE Teambuild Prize
750		Mansion House Scholarship		scheme
2000		BRETrust CIR Award
5000		Building Heroes
500		41 Company SW London	ACF
750		Tong Cup
750		Constructors Prize
750		Shafting &Shoring
750		Air Cdr Dow Trophy
750		HMS Lancaster
1000		Livery Schools Link
(1000)		London First Responders	(organization		disbanded)
375		Members relief payment	1
250		Aldegate Primary School	Computers
600		CRASH
2500		Members relief payment	2
2400		Mike Parret

					Unrestricted	Designated	Restricted	Total	Total
					funds	funds	funds	2021	2020
				Note	E	f	E	E	E
Income from:
Donations, gifts and gifts		in kind				28,732		28,732	47,359
Investment income					14,616		1,27'I	15,887	17,193
Total Income					14,616	28,732	1,271	44,619	64,552
Expenditure on
Investment management		fees			(8,343)		(726)	(9,069)	(7,912)
Grants				3		(22,125)	(3,500)	(25,625)	(22,060)
Other costs					(1,170)	(35)		(1,205)	(35)
Total expenditure					(9,513)	(22,160)	(4,226)	(35,899)	(30,007)
(Loss) / Gains on	investment				139,638		12,143	151,781	(13,486)
assets
Net income / (expenditure)			before		144,741	6,572	9,188	160,501	21,059
transfers
Transfers between	funds				6,572	(6,572)
Net income / (expenditure)			for the	year	151,313		9,188	160,501	21,059
Reconciliation of	funds:
Funds at beginning	ofthe	year			824,839		74,276	899,115	878,056
Funds at the end	ofthe	year			976,152		83,464	1,059,616	899,115

AS AT 30 S	EPTE	MB	ER 2021
						2021		2020
				Notes				E
Fixed Assets
Investments						1,038,046		895,164
Current Assets
Debtors					6,782		5,496
Cash at bank and		in	hand		45,858		25,645
					52,640		31,141
Creditors: amounts			due within one		(31,070)		(27,190)
year
Net current	assets/(liabilities)					21,570		3,951
Total assets						1,059,616		899,115
Funds ofthe charity:
Restricted						83,464		74,276
Unrestricted
Designated				10
General				10		976,152		824,839
						1,059,616		899,115

2	Investment i	ncome
				Total	Total
				2021	2020
				E	E
	Income from	listed investments		15,883	17,153
	Interest receivable			4	40
				15,887	17,193
3	Grants payable
			Grants to	Grants to	Total
			Institutions E	Individualsf
	2021		16,000	9,625	25,625
	2020		13,510	8,550	22,060

6	Fixed asset inv	estments
					2021 E	2020f
	Market value	brought	forward		895,164	846,159
	Capital invested					70,000
	Management	fees paid			(8,899)	(7,897)
	Transfer to income / cash balance					388
	Net gain (loss) on revaluation				151,781	(13,486)
	Market value	carried	forward		1,038,046	895,164
	Geographic analysis of investments:
	UK Fixed interest				76,632	103,988
	UK Equities				260,211	236,298
	UK Unit Trusts				62,238	60,807
	UK Cash				41,465	48,719
	Overseas Unit	Trusts			167,630	110,172
	Emerging markets				8,575	6,531
	Europe				76,734	54,926
	North America				228,536	180,480
	Asia				70,708	50,357
	Japan				29,032	24,444
	Commodities				16,285	18,442
					1,038,046	895,164
	The following	individual	investment	holding comprised	more than 5%ofthe market value ofinvestments
	at the year end:
					2021	2020
					E	E
	Findlay Park FDS American USD DI5				57,439	47,084
	Baillie Gifford	American	W1 DIS (less than 5% in 2021)			66,142
7	Debtors
					2021	2020
					E	E
	Other debtors				3,900	3,840
	Bank balances	held by investment		adviser	2,882	1,656
					6,782	5,496
8	Creditors
					2021	2020
					E	E
	Other creditors				25,000	21,350
	Accruals				6,070	5,840
					31,070	27,190

Restricted funds	Restricted funds	Restricted funds	Restricted funds
The income funds ofthe charity				include restricted funds comprising the					following unexpended			balances and
donations and grants			held on	trust for specific purposes.				The restricted		funds comprise the		Sir	lan	Dixon
Fund, which	is used	to provide		the resources for the			Sir	lan Dixon Scholarship, and			the Scholarship			Fund
which was created for			the excess donations			raised in	respect ofthe "no			strings attached" appeal.
Current year:
			Balance					Movement in		Funds			Balance
				1.10.20	Income		Expenditure Gains/(Loss)				Transfers		30.9.21
Sir lan Dixon	Fund			67,985		1,271		(4,226)		12,143				77,173
Scholarship	fund			6,291										6,291
				74,276		1,271		(4,226)		12,143				83,464
Prioryear:
				Balance				Movement	in Funds				Balance
				1.10.19		Income		Expenditure		Gains	Transfers		30.9.20
Sir lan Dixon	Fund			71,326		1,396		(3,642)		(1,095)				67,985
Scholarship	Fund			6,320		125		(57)		(97)				6,291
				77,646		1,521		(3,699)		(1,192)				74,276
Unrestricted	funds
The income	funds	of	the charity include			the designated		revenue fund which has			been set	aside		out of
unrestricted	funds	by	the trustees to enable the current					and future commitments ofthe charity					to	be met.
Current year.
				Balance				Movement	in Funds				Balance
				1.10.20		Income	Expenditure Gains/(Loss)				Transfers		30.9.21
Designated	funds
Donations	and awards					28,732		(22,160)			(6,572)
General funds				824,839		14,616		(9,513)		139,638	6,572			976,152
Total Funds				824,839		43,348		(31,673)		139,638			976,152
Prior year:
				Balance				Movement		in Funds			Balance
				1.10.19		Income		Expenditure		Gains	Transfers		30.9.20
Designated	funds
Donations	and awards					18,304		(19,095)			791
General funds				800,410		44,727		(7,213)		(12,294)	(791)			824,839
Total Funds				800,410		63,031		(26,308)		(12,294)				824,839

11	Analysis ofnet assets between funds	Analysis ofnet assets between funds	Analysis ofnet assets between funds	Analysis ofnet assets between funds	Analysis ofnet assets between funds	Analysis ofnet assets between funds
	At 30September	2021					Unrestricted fundsf	Designated funds f	Restricted funds f	Total 2021f
	Investments						948,082		89,964	1,038,046
	Current assets						52,640			52,640
	Creditors: amounts	falling	due within			one year	(24,570)		(6,500)	(31,070)
							976,152		83,464	1,059,616
	At 30September	2020					Unrestricted fundsf	Designated fundsf	Restricted fundsf	Total 2020f
	Investments						824,690		70,474	895,164
	Current assets						24,492		6,649	31,141
	Creditors: amounts	falling		due within		one year	(24,343)		(2,847)	(27,190)
							824,839		74,276	899,115
12	Prior year income	and expenditure				by fund
							Unrestricted	Designated	Restricted	Total
							fundsf	funds f	funds f	2020f
	Income from:
	Donations, gifts and gifts		in kind				29,055	18,304		47,359
	Investment income						15,672		1,521	17,193
	Total Income						44,727	18,304	1,521	64,552
	Expenditure on:
	Investment management		fees				(7,213)		(699)	(7,912)
	Grants							(19,060)	(3,000)	(22,060)
	Other costs							(35)		(35)
	Total expenditure						(7,213)	(19,095)	(3,699)	(30,007)
	Gains on investment assets						(12,294)		(1,192)	(13,486)
	Net income (expenditure)				before	transfers	25,220	(791)	(3,370)	21,059
	Transfers between	funds					(791)	791
	Net income (expenditure)				for the	year	24,429		(3,370)	21,059
	Reconciliation offunds:
	Funds at beginning ofthe			year			800,410		77,646	878,056
	Funds at the end	ofthe	year				824,839		74,276	899,115