Ch￿lty registrntlon numb•r. 275080 The Brodererfs Charity Trust Annual Rtyort and Flnanelal Stat•mènts Forth• Y•ar Endod 5 Aprfl 2022 The Brod•rerf$ Charlty Ttusl Contsnts Reference and Administralive De18ils TnJstee8' ReF¥St 2to3 Stslement of Trustees, ResrK*ithilili8S Independent Examir*s Rewi Statement of Financia A(*vibes B818nc8 Sheet 8t014 The Brodernrfs Charlty Trust Reference and Admlnlslralfve D•tsll¥ Chalmwi P E L￿rn￿ IP88t Ma*rl TrustO08 S A C Bonnitwn (Court Ments) Mrs E Efvin (Court Member) R S T Gunter (Past Masterl {Liveryman) (kn 5Th￿022) Mrs L A PaknEr (Court Memtwl J M ￿11 IC(yJrt Member) M Palmer.E(Wmbe ILN8rymanl {from W41221 J H W711iamson (Lweryman) Briga(58rW Ah*idg8 CBE Principal ITh• Vicarage La Steel￿e Ashton TruwbrK1ge Its BA14 6HH Charlty Roglstratlon Numlw 2750eii Indepenrknt Ex￿In¢r HJWHam West ￿n9. BWJl￿ Casffje bwh West s￿ RH20 2HS Bankers LW Bank Pk 154 wall￿ Road &Jrrey KT8 OKP Invgslec Wèalth & In4*stm L￿n EC2V 7QP Th• Br￿18￿￿$ Chxlty Tn*t Trustees. Report The Trustees present I￿1r annual re[￿ wth the finanrial slatements of thg Charity for the year ended 5 April 2022. Obj•ctiv•s and activitl8s Obi8cts andain The Charfty is (X)nst[￿ed by a Trust D88d dat&1 29th Decamber 1977. and ils ol'ects arg to pay or appty the income of The Trust Fund. aThJ to pay or aPFAy c4Ntal. suth tharitatAe purpos8$. s￿l'eCt to the tem8 of th8 Tnjst Doed, or as the Cwt ofth8 Company may from time lo time direcL al The thancèment of education of desiring to be apwenliced in the art of embrothy through a recognised ed￿ational Charity. b) To award prizes in conneth.on with examinations or of ap￿enti￿ or per￿S uThJergoing trwning for any re(x)gni8ed art cf profeswon cl To make donatiorL8 to any Tegister&J Ch81ity hawng a dwe(a ojnnth to the art of èmtxoldery or those wlh the need for assistance embroidwy rekted requirements. dl To make donatiorts to any register￿ Charity arKJ in partkwlar lo charthe8 nomateAI by the Lord Mayor of tho City of Lonth)n fc* the trn L*ing Icgether wilh ctstli8s havirwJ a direct (￿￿tIOn with the Cty of London. Thè Trustees rA)nfimi that tw hav8 (X)Mpl￿ with t￿ r8quirements of se(*on 4 of the Charibes Act 2011 to have due regard to the pull￿ guthKe wbjished by thg Charity Commission for EW*nd and Wajes. Grantmaklngpollcl•s It is the poltcy of the Trustees to make grants in 7Mth fts Tnjslees confirm Ihat they have r8ferred to thè guidance ojntsined in The Charfty ComissKx)'8 general guidan¢x on publ￿ be￿fft when revitr￿g the Tnjsfs al￿ ofy'ectives and in planning future act￿t￿s 8n(18ettiNJ the grant mthng policy forts y88r. The Tnjsteas are all mÈmbers of the LNery of The Worshipful c￿74)anY of Brc¥Jerers and n*et three times a year. P E Lumley and R S T Gunter are Past Masters of the Company" S A C Bonningtgn, E M Elwn, L A Palmer and J M Neill are Cwrt A*sistants and J H Williamson and M PaJmer-Edgecumbe are Livarymen. Day to day adrrinlstra1￿ is the r•spLThitihty of the Secretary. Appoinbmenl of Trustees 15 g¢)vemed by the Tn￿t Deed of the Chanty. Thè Company is authoris&J to appoint now Trustees to fil vacano6s •I￿ng tlwh the re*nal*)n ￿ death ofan exisb.ng Truste8. New Trustees wll have been liv￿￿Th ￿ The Worshipful Company of BrrMler8rs fc* a numbw of years prior lo ￿Irvj inMted to beo)ma o Tn45tee and are avtarE of the purpose cl Ihe charity. Not thstsnding this the Chamian and Secr8tsry PrO￿de them with historical inf0m￿tIOn and spend time as part of their indu(*(￿ prctess iTwJLM*ng inwb"ThJ to atterbj TrLLSte8s meetirgs bef¢x6 formalty accepting the p0s￿On. Th8 Trusteas 8dministsr the Charty in aC0)rd￿ %%ith the Trusl Dep4J. R•lation$hlps wlth r•latod partles Relat•d Partlo$ The Charity Wds Set up by Worshipful Company of Brodwers and the pyesenl Trustees. (x)mprising Past Master P E Lumley and R S T Guntsr (kn 514r221. Cwrt As￿nts S A C Bonninglon. Mrs L A Pdmer, J M Nwll and Mrs E M Emn: J H WIUiamwJn arnl M Palw-Edgecumb8 (from 5141221 ar& members of that Company. Th8 TnJste8s have assessed ts ￿JOr risk£ to the Chaiity is exrM)s&l, in partthlw those relalgd to the operations ar¥J finance of th8 Charrty and are satisfied th* ad8qU8te systems and procedures arè in F4ace to mitiqate ey¥osure to tIK*e ￿ks. The na￿re ofthe r￿S and the associated syste￿￿ a￿1 [￿adur$S are reguLgrly revith¥&l. - The Trustees meet at ￿$1 three tirres a year to rwe4V financial ￿rtI)n of the TF¥JsI aNI other matters and to consider 8pplicatK)ns for grants . The Trust8ès have r8vEwed tha Trust's own intemal finan&al c(#tro& arKI arfy Satisf￿ th* Ihese are appropnate in rnlnimi￿ng any risk to the Trust fvnds. . Th8 Trust88s have pr￿red a risk regster tP+ith aTrJ inwls or each rfsk identir&. Tr Flsk Register is reviffived al ￿$1 annuaNy. The Trustees conslder the unreslrictgj General FuThJ. wthich amounted to £887,981 al 5 April 2022, to be primarity an investment fvrKI hehj to werale and [￿mIe a measure of stability to thè Chaitys wt making pr¢g￿nThe. The annual Teport was apwDv&J ty the TnJst89s ofthe Ch8rity ( half ty. and signed on ts P LuTh￿ey Chairman Law applicable to t*aritw in ErKJlarKI and Wales wulres the Tntste&8 to wep8re aCr￿U￿ts for the finawal year which grve a true ar)d fair vthv of the Charitsbk Trust's fi￿ar￿la1 *ivtbes duriThJ the year of its fina￿la1 p)sthon at ts erNJ of thg year. In pyepamg the aCc￿nts that giv8 a true and fair wew. tre Trust￿ sh￿Id frAkM best pra(IKe and: obseThe the methods arKI wlncip* in the Charit*s SORP. makejudgements arKt estimates thal are reascxth wutht.. stale vknether 8pplic4trAÈ UK knwnting Stsndards and Statements of Re￿mmended Pract have been followed. sut4.ecl to any trthrial departur8s disdosad and expLoined In the finandal stalem8nts', ar¥J prepare the finanoal on the gorNJ concwn bass Lmloss rt is Inwoprpte to presume that the chaiil3kAe company will C￿tinUe in t￿sIneSs. In order ihal the financi81 sL8tenwnts gve a and fair have departèd from the Charities IAco)unts and Reports) Regulab"ons 2LX)8 to the ext￿1 requir9d lo provide a true and f&r view. This departure has invdved knO￿ting aThY Rep%)rtir¥J ty Charrbes.. Statement of Recomm8ndsd Practice apk%icable lo charities preparing their accounts in aco)rdance wi(h the Finaroal RetM)rt Standard applicatAe in the UK IFRS 11r21 published in 2014 rather than the A￿Unting and RepDrtirvJ by Charities.. StateThnt of Ra(xXm￿ Pra(aiee eff&*Ne from 1 Pw'l 2[￿)5 which has sinca b The Trustees are resFKThth for maintsining kyoper accounting recyyds thal disdose with reasonable acwracy at any tirr￿ the finanaal p￿rtIOn of the TrLBts. TW are also re$[K￿$1￿e for safeguarding th8 8ssets of the Trusts and tthrg reasonat48 St￿ fc* the tfftention detection of fraud and other irTegularilies. Approved by th8 Trustees of the Charity ( and svjned on its behalf by.. Chairman IntyTrd•nt Examlnges R•port On Reporttothts Irustees of The Brodererfs Ch•ity Trusl Chhyty Nurrthr 279)80 On forthe year ended 5April 2022 Sel out on pages 6t014 R••pKtlv• rn8ponslbllilie8 Tho Ch￿l￿S Trust8•s are responstAa forts weparalion ofthg ¥xounts. The Charity's 01¢r￿t••$ and •Mminer Trustees con￿¢￿er that an audrt is [￿t reqllirwj for this y82r lundgr sectth 144(21 of the Charth¢s ArA 2011 2011 A￿} and that an irnlwd8nt 8xaminath li wled. is my res[#￿￿1*Y to gxamTnE the ￿0)￿lts under 5ecl*)n 145 Oft￿ 2011 A to lollow Ihe yc<*dures laKI in the gèner￿ Di￿0n8 sl¥¢n by thè Charty Commtsthn urKJ8r sectkn 145(Sllbl Dfthg 2011 Art aThJ to Slatè whether parbfatsr rnatters have o)me to rny att￿tiOn. Basls of Indopgndont g¥amln•¢* 8tstsmènt Commission. An exam¥Hlion incaKles a of thg aL>7Junting reo)rds kept by the charty and a ¢x¥npaiMn crfthe acmunts yewted those fecords. 11 also inclu¢*s Gwsideratic•i of any unusual rdems or disdtsswes in the axounb and seeking eWar*tior from ￿ tsustees ￿r￿1￿j any sjxh nwtte¢B. The procgjures undertaken tlu TrJt prOV￿e all the eVidèr￿ thalwryJd be ￿qUired in an audit. and rt￿seqUen￿y ￿ opinion is given as to whetherthe a¢xaiur)ts present a and fairMth¢ and the Tewt is limited to those matiar5 Set in the statemert Independent •¥amine￿# In c•nnectbJn ry exarriThtbJn. no rnattw has b) my atienll)n'. twhith W$￿able caus8 lo b8fkne Ih¥L irt ary mat*iial rtSPBC( th to keep a0?)￿kng r822 9 D•btors 2022 2021 Dividends due 5.025 11,070 5.137 10 Crodltorn: amounts fallww du• vrithin on• y•ar 2022 AccnAIs ndry (xfjditors 2.910 4,382 7,292 2.910 7.292 11 Funds Balan￿ at 6 In¢oming R•sour¢e6 8alanc& at 5 Aprll 2021 resour￿8 expended Aprfl 2022 Unrgstrlcted funds Gener 654.851 62.089 {57,1kn) 659,934 Designated 5,365 3J2.964 19.698 Total unr•5trict8d funds 863,SXI 81.787 {57.(K￿l 10.(QO 888.981 R•strt¢t4d funds 15,0 Tolal funds 888.2fy) 81.787 12 Analysis of n•t ass•ts Tt)tsl funds FrKed assei investm￿ts Current assets Current liabilities 798.121 112,1S2 Total nel assets 2.981 P8g8 12 Tho Brod•r*s Charity Trust For the Year Ended S Awil 2022 13 Analysls ￿ndS At 6 Aprll 2021 Cash fl¢)w At 5 April 2022 C8sh at bank 108.598 112.5411 98.057 14Analysis ofwants Grdnts to In8titutlon¥ 2022 2021 The lknnge Centre Fine Cell Work Lord May￿8 ￿al The City & &Jilds LonLkn In￿l￿ts Cty of London Afghan Schcd untforrn appeal United Gullds, Service Associat8d C(xnpanies ￿nt Venknre Contribut Museum of London Royal Sthool of N8ed184 British Luro F(xJndat* Sl Hilda's East Shertffs. & R8corWs furKI Ironbrits Gorye Museum Army Banevolenl lund The Wodmen's Compary Hand & Lc UK Fash1C￿ & Textile AssC￿ts0n nchesler Catherdrd Royal Brtbsh Legion Antiquaries Socigty Liv8ry- No Going Shakespear&'s Gk)L Mrs Sorah Helen HU1￿ (Bradford Sbjjenlsl Drapers, Company (Liw Kitchen In￿8th￿) Central RegIMenL￿ Bank. Royd Iri Garden of Rememlxan Buxton Ats Fethial The British Monarchy Sknnnws Malmesbury Uncashad grants T¢)tsl grants pald from unreBtrlcted fwKIs 5,3TT 3.642 3.000 5.999 175 18,000 3,250 10,8 2,￿0 500 1,000 470 250 4,¢X)O 6.2x1 47.383 45.254 Page 13 Th• Brod•r4rfs Ch•ty Trust Fortheyear Ended S Aprfl 2022 Royal Cdlege ofArt Guiidhall School of M￿C Totsl grants paid from restriet•d funth 25.000 55.254 Pago 14