Charlty rggl8tratlon number: 275080
The Broderer's Charity Trust
Annual Report and Finan¢lal Statem•nts
For the Year Endèd 5 Awil 2021

Tho Brod•r•rfs Ch•rlty Tntst
Reference and Administrative Oetails
Tn5Stee3' Report
2103
Statement of Trustees. RespJnsibiI￿eS
Independent ExamSnerfs Report
Statement of FinancAal AGtivi
Bala￿ Sheet
es lo the Finanaal Statements
81013

The Brod•rerfs Charlty Tnmt
Reftrgnce and Adminlstratlve Detslls
Chalrnian
P E Lumley (Past Master)
S A C Bonnington (Court Member)
Mrs E M Efvin (Court Member)
R S T Gunter Imaslerl
Mrs L A Palmer (Court Member)
J M Neill {Court Member)
J H I￿111am50n lkn"verymanl
Secfttary
Brigadier W Aklridge CBE
Prlncipal oifKe
Orchard H¢yJse
Vicarage Lane
Steeple Ashton
Trowbndge
V4111s BA14 6HH
Charfty Rogistration Numb•r
275080
IndgP9nd•nt Examiner
HJWHamwi
West Wng, Beedings Castle
Nutboume Lane
Pulborough
West Sussex RH20 2HS
Bankers
Uoyds Bank PIC
154 Watton Road
East Molesey
Surrey
KT8 OKP
Investment Managorn
Investec Wealth & Investment
2 Gresham Street
London
EC2V 7QP
I Pwjet

To￿. Report
The Trustees P￿Sent their annual rewt together wth Ihe finar￿1￿ sL*ements of the Charity foi the
year ended S April 2021.
ObJectlves and actlvltles
Objects and aims
The Charity is constiluted by a Trust Deed dated 29th Decernber 1977, and Tts objects are to pay or
apply the income of The Trust Fund. and to pay or apply capital. for such charitable purposes. subjecl
to the terms of the Twst Deed. or as the Ccwrt ofthe Company may from time to tirr￿ direcL
The main charitable objectives are..
a) The advancement of education of Perso￿ desiriThJ"lo be apprenticed in the * of eMt￿1￿ery
through a recognised edu¢ats"onal Chafity.
bl To award prizes in conne¢bon wth examinatK>n$ ¢y work of apprentw or persons undergoing
training for any recognised art or profe5Si
cl To make donations to any registe￿ Charity having a direct connection to the art of embroidery or
those wrth the need lor assistance embroidery related requirements.
d) To make d￿stionS to any registered Charity and in parti¢ular to charthes nominated by the Lord
Mayor of the City of London for the time being together charbtw having a direct conntttton with
the Cty of London.
Publk benefft
The Trustees confimi that they have CoM￿led with the requirements of sertion 4 of the Charities Act
2011 to have due regard to the publ￿ benefft guidance putAished by the Charity Commission for
England and Wales.
Grant making policios
It18 the policy of the Trustees to make grants in a¢￿dance wilh Tt8 obiectsves.
The Trustee$ confimi that they have refetred to the guKYance contained in The Charity Commission's
general guidance on publi¢ benefft when reviemng the Trusfs aims objecti.ves and in ￿anning fvthre
activitiès and setting the grant making policy for the year.
Slructurg. govgrnance and management
Recrultment andappointment of Tntstees
The Trustees are all members of the Livery of The ￿tI[ShIP￿1 Company of Broderers and meet three
timès a year P E LuM￿Y is a Past Master of the Company and R S T Gunter is the current Master." S
A C Bonnington. E M Efvin, L A Palmer and J M Neill are Court Assistants and J H Williamson is a
veryman. Day lo day adMinistrat￿n is responsibility of the Secretsry. Appointment of Trustees i8
governed by the Trust Deed of the Charity. The Company is authorised to appolnt new Trustees to fill
vacancies arising through the reyignation or death d an existing Trustee.
Inductlon and ￿NnIng of fnths
New Trustees wll have been INerymen of The Worship￿1 Company of Broderers for a number of
years prior to being invited to bewme a Trustee and are aware of the purpose of the charity. Not
V+ithstsnding this the Chairman and Secretary will ptovide them Imth historical infomiation and spend
time as part of their induction process induding IMI￿n9 them to attend Trustees meetings before
fomially accepts'ng the positL￿.

The Gharlty wag Set by Ihe Company ot and the TI￿t￿,
eornpiwTrJ Past P E Lum*. C¢Mt I￿￿stants S A C Bor￿91￿. R S T Gurrtar, Mr8 L A
rr*tters and to eM¥dwoppkalh2M knr war
am 8pryow*ale kn MMun￿l¥j ¥ny rlsk totr*• TrLMtltsnd
Rt8k R￿￿rIS rth*d * kastw•.
Chanty's grant rnth*w pr¢4r8mmè.
Dlthng bl• y•¥tho Charty tknaikn• of£18.(O) fivm the Joknt
ven￿rg pshl • off21.29) to Ihe af L￿.
- 2q L or&1 ¥y•J
bBhattty."
PJ_TL

ti Lutrni

Indepermknt Ex•rninerfs Rewrt C
Thè A¢ctyJnts {Accrual8 Ac¢<xw)ts)
Rewrt to the trust88S
Thè Brc¥Jerefs Ch*ity Twst
Charity NuN*)er. 27￿180
On ￿￿untS forthe year
ended
5 April 2021
Set out on pages
6t013
Ro¥pective responsibilities The chari￿$ TrLtstees are re$￿sIble for thè prèparakn of the acctyjnts. The Charity's
of trust••s and ¢xaminer Tru51ees considerthat an a￿111 is not required for this yw {uThYer sectk)n 144121 ofthe
Ch8ribes Ad 2011 (the 2011 Ad) arKI ￿t an 1Trjer￿denI examination is needed.
11 1$ my resFWit¥lty to
ex8mirE awjunts under 5e(Iw 145 ofthe 2011
to f¢41tyw the LAid down in the gener81 Dlrections glven by the
Chartty Comrrission uJKler section 14515)(bl ofthe 2011 Act. and
to st8te *thellw parfirAA¥ matters Iw¥e lo my ottth.
Basis of independent
?￿mIn¥￿8 8lat•m•nt
My examination was camed ¢xrt in a¢xorfance general Directions given by the Charity
CommissTron. An exarrination indudes a rèviert ofthe ￿)untIng records kept by the
tharity and a ￿pariSOn of the a¢o)unts wesented with Ihose records. It also indudgs
(X)M￿TalK*n of 8ny unusual items or d1sdogJ￿ in the accx)unts and seeking exp18nations
ttE trustees ￿n(￿nIng 8ny suth matters. prctgjures undertaken do not provide
11 the evidence that would te requirgj in an wdTt. and cthgequerfy no opinion is given as
to whether the accounts present a kn arKJ f¥ir v**/ and the re￿rt is limited lo those
rnatte￿ set ￿J1 in the statement below.
lThleperMlent examin*s
In connec1K￿ *ilh my e￿ll￿ation. no mth has come to my attention..
alat•ment
which gives me reason￿le cause to believe that. in any material r¢spect. the
requiremenls..
to keep aco)unbng recnrds ￿ OC￿rdartt vnth sedion 130 of the 2011 Act; arbj
to kxep*e 8cxx)unts whith &￿)rd *•Ath the a¢xounting re￿IdS and (x)mpty wilh the
applicatAe requirements CC*￿mir￿j the fomi and contenl of a￿Ounts set out in the
Chaities (A￿￿ntS and Reports) Regulations of 2fK18 otlw than any requirement that th&
accounts gNe a'tru& and foirf view whth is not a matter c))nsidwed as part of an
indeFen(￿nt exaninats"￿. have ￿)1 met., or
(21
lo whth. in my w"nion. 8ttenh.C￿ s￿￿ky be itrawn in c¥der to enable
Sign&1
Na￿ft James Harman
Rdevant professional
qualification or body
Institute ofCh8rtered Acccrtnts in EnglaThJ & Wales
Ad(kess We$t Wng. B88thrvJs Casu•
Nutboume Lane
Pulborough
West Sussex
RH20 2HS
Page S

The Brod•r*s Charfty TruBt
statement of Financial Actl¥lli•s
For th• Y••r Endod S April 2021
unrestric￿ R8strlctsd Tolal
funds
2021
Totsl
2020
Not?
Incom• and End0￿￿Onts from:
Donations and legacies
Investment income
53.721
53.721
34.679
T(rtal inco
Exp9nditurg on:
Charitable activities
Total gxpgndilure
57.069
25,000
82.069
54,995
Nel income
18,410
6.590
3,950
(Losses) gains on investments
185.659
185.659
Net movement in funds
204.069
(25,Crf)O)
179.069
(93,5091
Transfer betsleen funds
{10.959}
10.959
RKonGiliation of funds
Total funds brought foNRrd
670.090
709,131
802.640
Total fvnds carried forward
11
863.200
25.000
709 131
l of the Charty's athvrtie5 derive from continuing operations durirvJ the above tsvo wods.

A• •tSAwll IQ21
n7 351 588 938
Cash At bwk
10.479
108 698 121034
118,t41
131.513
120 193
24000 39.041
Total fw¥trs
11
688 200 70D 131
on
vj on th&rl*4irty:
ICl¥knwn)
S A C 8onnln0thi
TnLbt••

Brrthrne$ Charity Tnwt
Notss to the Financlal Statemonts
For the Yur Ended S Aprll 2021
1 Accountlng policitis
Summary of slgnlficant accountlng pollclas and k&y I¢￿1￿11￿9 osllmatys
The financial ststements have been prepared on a going concem basis. The Trustees assess whether
the use of going concern is aL)proprk8le and have identified no material uncertainties related to events
or Conditions that may cast signlficanl doubt on the ability of the charity to conb'nue as a going
concern. The Trustees make this assessment in resFe¢t of a penod of 12 months from the date of
approvd of the Financial Statements.
Statgmont of compllan
The accounts have been prepared under the histori¢al cost ¢onvention and in a¢¢ordance 7Mth the
Financial Reporling Standard applicable in the UK and Republic of Ireland IFRS 1021 and Accounting
and Reporting by Chartbes Standard of recommended Practice applicable to charitie$ preparing their
counts in accordance wrth FRS 102 (Char￿eS SORP IFRS 102)) issued by the Charity commission
aNJ applicable with effect from 1 January 2015.
Ba$1$ of prgparation
The Broderer's Chanty Trust npets the definihon of a publ￿ benefft entity under FRS 102. Assets and
liabilities are initialty recognised at historical cost or transa¢Aon value unles$ othemse stated in the
relevant accounting policy notes.
Golng concern
The Trustees consider that there are no material uncertainties about the Chanty's abllrty to continue
a5 a going concern nor any signfftant a￿a$ of Un￿rtaInty that affect the ca￿1ng value of assets held
by the ch￿lty.
In¢¢m• and •ndovmi•nts
All income is recognised once Charrty has entitlement to the income, rt is probable th* the income
11 be re￿iVed and the arnount of the income receivth can be measured reliabty.
Donatlons and lfjgaGioS
Donations are recognised lthen the Chanty has been notified in wrrbng of both the amount and
s&tdement date. In the event that a donab.on is subject to condiknons that require a level of
performan￿ by the Ghamty before ￿e Charity is ent￿ed to the funds. th¢ income is deferred and not
re￿nISed until either those condftions aTr fvlty mel or the fU￿lment of those conditions is wholly
ilhin the control of the Charty and it is probable that these eonditions will be ftjlfilled in the reporting
period.
Investmont Inci
Dividends are recognised once the th￿￿eTry has been declared and notification has teen receNed of
the dividend due.
Ex￿ndItUre
All expenditure is recognised once Ihere is a kgal or constructNe obligation to that expenditure, it is
profiaf)le setuemenl is required and the amount can te ￿￿asUred reliabty. All costs are allocated to
the applicable expenditure heading that aggregate ￿Milar costs to that cate9w. ￿ere costs cannot
be fjirectty attributed to partirAJlar headings they have been all(tated on a ba$L8 ￿nsistent with the
use of resources.
P4ge 8

The BrodprBrf5 Charity Ta￿t
Nolos to FlnaTrclal Ststements
For th? Y￿r Ended S April 2021
Gov•mance costs
These include the costs attribulable to the Charity's ￿mpliance ￿n$t￿Utional and ststulory
requirements.
Valu• Add8d Tax
Value Added Tax is not recoverabte by the Charity and as SLKh is included tyi the relevant costs in the
Statement of Financial ACti¥￿e5.
Flxed assèt inv•stmonts
Fixed a35et inveslmenls, other than programme related investrnents, are included at market value al
the balance sheet dale. Realised gains and losses on investments afe calculated as the drfference
betsveen sales proceeds and their market value at the start of the year, or their subsequent Cost. and
are charged or tredrted lo the Statement of Finanrial Activities in the period of disposal.
Unrealise<l gains and losses rerxesent the movw)ent in mathet values during th8 year and are
credite(l or clwrged to the Statement of Financial Acti¥￿e$ base<l on the market value at the year end.
Fund structure
Unrestricted income funds are general furKl$ thal are awlablg f￿ use * the Tr￿tee$, discrelion In
furtherance of the objectives of the Charity.
Designated funds a￿ unrestricted funds set aside for specific purposes at the discretion of the
Trustees.
Restricted income funds are those donated for use in a partKul¥ area or for speafic purposes, the
use of which 18 restricted to that area or purpose.
2 Income from donallons and 18gacios
Restrlct•d Totsl
funds
2021
Totsl
2020
Deslgnated General
Donations from indivKluals
53,721
53,721
34.679
Page 9

The Br￿ererfs Charity Tntst
Motss to tho Financial stst8M￿ts
Forthe Year End8d S A￿1 2021
3 Investment income
Vnre$tri¢ted
funds
Total
2021
Total
2020
Genornl
Interest recervable on bank deposits
Dividends from fixed asset Investr￿nts
37
24.229
24,266
21,758
21.758
21.758
4 Exwditurn on ¢haritabl• a¢tivitlos
Unrostr1¢1od
Nole funds
Re5trictad Totsl Totsl
funds 2021
2020
Generdl
Grant fvnding of activrbe8
Govemano costs
14
47.383
9,686
25,000 72.383
49,275
5.720
25.000 82 069 54 995
Grdnt
Funding Govgmanco Total
Activity
costs
2021
Total
2020
Administration Costs
Accountancy fees
Independent Examineffs fee
Investment Ad￿Ser$, fees
Grants
3.600 3,600
2,160
2,160
2.160
750
750
1.100
3.176 3,176
2.460
47,383
24.275
9 686 57 069 29 995
Page 10

Th• Brodor•trs Charrty Tr￿t
Notes to the Flnanclal Statom8nlS
For th• Year End•d S Awil 2021
6 Tn￿tO•S romun•ration and 0X￿ns•S
The Trustees represent the Key ManagenEnt of the Charity. The Trustees give their time generousty
and without remuneration or benefiL
7 Taxatlon
The Chafity is a registered Charity and ￿ therefore exempt from taxaticm.
8 Flx•d assgt inv8stm8nts
2021
2020
Investments. at Market Value
777.351
588.938
Totsl Llstod
Inv•stm•rrts
Cost or Valuation
At 6 Aprfl 2020
Revaluation
Additions
Disposals
588.938
185.659
42,754
At 5 April 2021
777.351
Net book val
At 5 Ar￿1 2021
777 351
At S April 2020
588,938
P4e 11

Th* Brodorerfs Ch•rity Trust
Notss to thg Finan¢lal Stat8ments
For tho Y￿r Endod 5 Awil 2021
g Dgblorn
2021
2020
Dividends due
Gift Aid recoverable
5,137
4,406
9,543
5.259
5.220
10,479
10 Crnditors: amounts falllng duo vAthin on• ywr
2021
2020
Accruals
Sundry ereditors
2.910
4,382
11.320
11 Funds
8•lancè at 6 Incoming R•sourcos Balance at S
April 2020 rnsourcos
expondèd April 2021
Unr•Btri¢ted funds
General
647,4LK) 75.479
168.0281
654,851
Designated
Movement in Investments
5,365
5.365
17 325 185 6S9
Total unrnstrlct•d funds
670,090 261,138
(68.028)
872,094
39,041
10.959
Totsl fund5
709 131 272 097
888,200
12 Anatysis of not ass•ts
Totsl funds
Fixed asset investments
Current assels
Current liabifthes
777,351
118,141
Total net assets
P•3e 12

The 8rodoreVs Charity Tru¥t
N¢)to5 to th• Flnanclal St•t6m•nts
For the Year End•d S April 2021
13 Analy$l$ of r*t funds
At 6 Aprll
2020
At 5 April
2021
Cash fl¢>w
Cash at bank
121,034 112,436)
108,598
14 Analysis of grnnts
Grnnts lo institutions
2021
2020
The Grange Centre
Fine Cdl Work
Lord Mayols Appeal
The Cty & Guild$ London Institute (Including piize)
United Guilds, Service
Associated Companies Joint Venlure Contributic
Museum of London
Royal School of NeedIev￿rk
British Lung Foundath)n
Sl Hilda's East
Sheriffs. & Recorder's fvnd
IrOn￿"dge Gorge Muswm
Amy Benevolent fund
Appleshaw Parish Church
Hand & Lsxk
St John Baptist
Holburne Museum
Royal Charter- Broderers Company
Royal British Legion
AntK4uaries Society
Treloar Trust
Shakespeare's Globe
Mrs Sarah Helen Hulme {8radford S￿dents}
Drapers, Company (Livery Krtchen Initiative)
Central Regimental Bank. Royal Irish
Uncashed grants
Total grants paid from unrnstricled funds
5,999
5.000
3,000
1,000
1.810
3,000
3,000
1.000
175
18,000
3,250
6,400
1,000
2,000
6,400
500
1,000
500
1,000
1,000
1,500
1,000
440
250
700
1,000
1.000
I,￿0
250
434
1,000
300
2,500
1,000
Royal College of Art
Total grants pald fr￿ rnstrlct8d funds
25.000
Total grnnts pald from r•strictod and unrostrfct8d funds
49.275
P•Je 13