Charity reglstration number: 275080
The Broderer's Charity Trust
Anrbu•l Report and FSnan¢lal St*gmonts
For the Year End￿ S Aprfl 2023

The Brodererfs Charity Tnmt
Contents
Refe￿ft¢e and Administrativè C)etai1s
Trustees. Report
2103
Statement of Trustees, Responsibilities
Independent Examin8rf$ Report
Staiement of Financ￿ klivities
Balance Sheet
tès to the Financial Ststeffffjnts
81014

The 8rodoreV$ Charlty Trust
Reference and Admlnlstratlve Details
Chairnan
P E Lum* {Past Master)
Tru$t¢os
S A C Bonnington (Master 202>24)
Mrs E M Elvin (Court Member)
Mrs L A Palmer (Court Membefl
J M Nwll (Court MembeTI
M Palmer-Edg8cumbe ILNeryman)
J H Williamson {Liverym8n)
Secretary
BrigwJi9r W AklrKlge CBE
Prlnclpal Offlce
Orchard Hou88
Vicarag& Lane
Steeple Ashton
TKNA)ridge
lis BA14 OHH
CharSty Roglstratlon Numb•r
275080
Ind8p•ndent Examlnor
HJWH8mwn
West Wing, Beedings Castle
Nulboume La
Pult*)rough
Vkst Sussex RH20 2HS
Bankorn
Lbyds Bank Pk
1S4 Wation Rowj
East Molesey
Surrey
I￿8 OKP
Invostmont Manag•rn
Invest￿ Weatth & Irwestmenl
2 Gresham Street
London
EC2V 7QP
p￿e1

The Brodernrfs Charity Tn￿1
Trustees. Report
The Trustees present their annual report twher wtth the financial $L9t￿entS of the Chanty for tho
year ended 5 April 2023.
ObJoctJvg$ and actlvltl68
Objects and alms
The Charity is constFtuted by a Twsl Deed dated 29th Deeember 1977. and ils objects are to pay or
apply the income of The Trust Fund, and lo pay or apply capital, for sueh charrtable purposes. subiecl
to the terns of the Trust Deed, or as the Court of the Ctynpany may from time to time di1￿1.
The mairb chalilab￿ obl￿tIveS *e'.
al The advancement of education of persons desiring to be apprentK&J in the art of embroKIgry
through a recognised educatKJnal Chanty.
bl To award prizes in connection with examinath)n8 or work of apprentice5 or persons undergoing
training for any recognised art or profession
cl To make donat￿n$ 10 8ny registered Charty having a dirgct connection to the art of ambroidery or
those with the need for as$i8lance with embroidery related wuiremants.
dl To make donations to any registered Charity and in part￿ular lo Gharilies rKrfninated by the Lord
Mayor of the Cty of London for the time b¢ing logdher wrih Charit￿ having a direct ¢onn#tion wlth
the Cty of London.
Publlc benefft
The Trustee$ Confirm that they hava eompli•J with the requirements of 8ection 4 of the Charities Act
2011 to have due regard to the public benefrt guK4anc6 published by the Charity Commission for
England and Wales.
Grant maklng pollcl•s
tt is the policy of the Tru$t¢•$ to make grants in accordance wilh its objoctivos.
The Tfusl¢e5 confim that they have referr￿ to the gupJanc8 contained in The Charity commi38￿n.5
general guidance on public benefit when revi￿1￿9 the Tw$Vs awns objectives and in planning future
activities and setting the grant making p¢Jicy for the year.
Structur•. gov•rnancg and management
R•cruitment and •ppolntmwtt of Trn$t￿$
The Trustees are all members of the Lwery of The Worshipfvl Company of Broderets and m881 threa
limes a year. P E Lumw i8 a Past Master ol the Ccmpany,. S A C Bonnington, E M Efvin, L A Palmer
and J M Neill are Court Assistants and J H Wlliam50n and M Palmer-Edgecumbe are Livèrymen. Day
to day admini51ratK)n is the ￿￿nSIbl4ty of the Secfglary. Appointment of Trustegs 15 govemed by
the Trust C)eed of the Charty. The Company is authorised to appoint new Tnjstees to fill va¢ancie5
arising through the resyn8tv)n or death of an existing Tfustee.
Inductlon and training of Trnstees
New Trustees will have been liverymen of The Wor5hipfiJl Company of Broderers for a number of
years prior to being invited to become a Tnjstee and are *ware of the purposo of Ihe charity. Not
wrthstanding this the Chairman and Secretary will Pro￿je them wiéh historical inforrnalK)n and spend
lime as part of thoir inducti(Jn process including inviting them lo attend Trustees meetings before
formally accepting the posf(Kin.
Pagg 2

The Broderefs Charfty Tn￿1
Trust•es' Report
0ryan1satlonalstruc￿re
Th8 Trust88s aminisler the Charity in acccKdance wtth the Trust Deed.
Relatlonshlps wlth rglatsd partles
Rfjl•tèd Partles
The Charity was set up by the Worshipful Company of BrcKl8rers arKI the present Trustees.
comprising Past Master P E Lumley. Court Assistants S A C Bonnington. Mrs L A Palmer, J M Neill
an(1 Mrs E M Elvin,. J H Williamson and M palff￿r-EdgeCUMbe ￿ members of that Company.
MaiorRl$ks WKI Managwnent ol th0￿ Rlsks
Rlsk Management
The Trustees have assessed the major rk8ks lo wtt￿h the Charity is exposed. in part￿Ul*r those
lated lo the Operat￿n5 and finance of the Charity and are satssf￿ that ajequate systems and
procedure8 are in pl&e to mrtigate eXp￿ure to those r￿ks. The naturn of the rtsks and tho a$$o¢ialed
8yStem8 and pro¢edufes are regukrty reviewed.
AS part of thg process Trustees ha￿ implèmenled the following..
- The Tru8teeJ meet at le881 Ihrge times a year to revkn* the ffinancial position of thè Trust and oth
matlers and lo consider applkations for grants
The Trusteos have reviewed the Trust's Imn intemal financkql controls and are 88tisfied that th88e
are appropriate in minimising any risk to the Trust fttnd8.
- The Trustees have prep8red 8 risk register wilh likelihoc*J and irp￿ts or each risk iJenlifi¢d. The
Rl$k Register Is revi8wed at ba$1 annually.
Resgrvgs Pollcy
The Twslees ¢on8id6r the unrestricted General Fund. whth affKJunted to £811.441 at 5 April 2023. to
be primarily an investment fund hekl lo generale income and provKlg a maasure of stability to thé
Chanty'8 grant making Progr￿￿.
annual report W8$ appro¥&J by the Tru5t6o8 ofthe Charity on 2f ex4•￿rand signed on Its
behalf by..
fikll
P Lumle
Chairman
Page 3

The Brodeyerfs Charlty Trust
Statement of Tn￿. Responslbllltles
Law applicabb lo charitie5 in England and Wales fequires the Trustees to prepara %count$ for thè
financial year which gNe a true and fair viwl of the Charitable Trust's financial acINit￿S during the
year and of ils financtal pOsit￿n at the end of the year. In preparing the accounts that give a true and
fair view, the Trustees should follcr•V best practice and..
select suitable 8ccounling pOl￿*S and 4¥Jty them consi5tentfy;
observe the methods pftnciples in the Chaiities SORP.,
makg judgements and estimates that are reason8ble and prydenl",
slate whether applicable UK Accounting Standards and Statèmtsnts of Recommend8d Practice
have been followed. $ubpct to any materral departures disck)sed and explained in the financial
slalernenls., and
prepar8 thg financk41 statemen18 on the going cortcem bas￿ unl888 it 1$ inappropriate lo prasume
that the ¢harrtable comp8ny will continue in business.
In order that the financial statements gwe a true and fair view, Ihey have departed from tho Charf(ie$
(Accounts and Reports) Regul*'ons 2CW)8 to the exlent required to provide a twe and fair view. This
departure ha3 involved foll¢)wing Accounting and Repoth'ng by Charities". Ststement of Recommended
Practice appI￿able lo charities preparing their accounts in ￿ordance wrth the Financial Report
Standard applicable in the UK {FRS 1021 published in 2014 rather than the A￿OUntIng and Reporting
by Charilie8.' Statement ol Re¢cthmendad PractKe 8ffectNe from 1 Apnl 2(￿5 which has since b¢en
thdrawn.
The Trustees are responsib￿ for maintaining proper accounting recor(Is that disclose with reasonable
a￿Ur9¢Y at any lime the financial position of the TTu$ts. They are also responsible for safeguarding
the assets of the Trusts and hence for taking reasonable steps for the prevention and detection of
fraud and othei irregularities.
Approved by tha Trustees d the Charity on If •¢+*•f and signod on rts behalf by..
P Lumley
Chaiman

Independent Examinerf$ Roport On
The Accounts (Ae¢nMls Accounts)
Report lo the trustees of
The BrodereI5 Charity Tnjst
Chanty Num￿r.. 275080
On accounts for the year
ended
5 April 2023
Set out on pages
6t014
Rèsptrctive responsibilities The ChaTrty'$ Tnjstees arè resportsible for the prepaT*ion of the accounts. The Charty's
of trustees an(t exarniner Trustees consider that an aL*Jit is nol required for this yèar (under section 144121 of the
Charittes Act 2011 (the 2011 Act) and that an irujependent examination is needed.
It is my reSP￿SItr￿lfy to
examine the accounts under section 145 of the 2011 A(*,
to follow the pro(*du￿$ laky down in the general Dire(%ions given by thè
Charity Commtssion under section 145(5llbl of the 201 l Act. and
to state whether parts'cular matt￿3 have o)me to my attentit)n.
Basls of independent
gxaminge$ stat•m•nt
My examination was carried oul in accordance wrth general Directions given by the Char*ty
Commission. An examination indudes a ièvièw of the accounting records kept by the
charity and a oJmpari50n of the acwints wesented with those recoTd5.11 also includes
)nsideration of any unusual rtems or disclosures in the accounts ar￿ seeking explanations
Irom the trustees concerning any such matter5. The procedurès undertaken do not provide
all the ewden¢x ltsl would ￿ required in an audii. arKI consequenuy rK> opinion is given as
to whethei thè a¢counts present a 'tnte and fair wew. and the rèport is limited to those
matters set out in the statement telow.
Independent examinerf3
In conE*bon wilh my examinatKJn. no matter Iws o)me to my attention".
statsm•nt
which gNes me reasonablo cause to bel￿e that, in any material
requirements..
to keep accounting reLX)rds in acc4)rdan¢e with section 130 of the 2011 Act,. and
to prepare a(zounls which accord with the acwunlj.ng re￿rdS and Comply wth the
appli12ble requirements conceming the fom and ¢ontenl of accounts set out in the
Char5ties IAwxJnts and Rèports} Regulations of 2008 other than any r￿uirement that the
accounts give a and faic Mew whith is not a matter Lx*nsideied a5 part of an
indepw)dent examination, have not met." or
respect, thè
{2)
to which. in my opinion, attents.on should be drawn tn order lo enablè a
propw urKlerslanding of the acu)unls to Ik reached.
ShJned
Date."
Name James Harman
Relevant proftsyional
qualification or body
Institute of Chartere(l Accountants in England & Wales
Address Wesl Wng. Beedings Caslle
Nutboume Lane
Pultr*)rough
West Sussex
RH20 2HS
Page S

The Brodererfs Charity Tryst
Statement of Financial Actlvities
For the Year Endgd S Aprll 2023
Unrestricted Restrlcted Total
nds
funds
2023
Total
2022
Income and Endowments Irom:
Donations and legacies
Investment In￿Me
36.021
6.000
42.021
23 909
38,997
23 092
Total income
59.930
6,000
65.930
62.089
Expenditure on:
Charitable aclivities
25,000
83.226
Total expenditure
58,226
83,226
67,006
Nel income
1,704
19,000
17,2
ILosses} gains on investmer
4.244
74,244
19,698
Nel movement in fvnds
(12.5401 {19,000} 191,540)
14,781
Transfer of funds
14.000}
4,000
Roconelliation of funds
Total funds brought fon¥aTd
15.000
888.2¢XJ
Total funds caTTied forward
11
811,441
811,441
902,981
l of the Chaiity's aL#rvities derive from continuing Operat￿ during th8 above tsvo peri¢Jls.
Page 6

The Brodeferfs Charfty Trust
Balance Sheet
As * S April 2023
2023
2022
Note
Flxed assets
Investments
798 121
Current assets
Debtors
Cash at bank
21.359
16,095
104.856
112,152
Creditors: Amounts falling due withln one ygar
10
292
7,292
Net current assets
97,564
104 860
Net assets
811,441
902,981
Funds of the Charity:
Restricted funds
15,000
Unrestricted income funds
Unrestricted funds
811.441
887.981
Totsl fvnds
11
902 981
The financial statements on page$ 6 to 14 were approved by the Truslees, and authorised for issue
on l•lS
and sgned on their behalf by..
IJTL
P E Lumley
Trustee {Chaim￿nI
S A C Bonnington
Trustee
Page 7

The Brodererfs Charlty Tfust
Notes to the Financial Statements
For the Year Ended 5 April 2023
1 Accounting policies
Summary of significant accountAng pollcles and key a¢￿untIng estimate$
The financial statements have been prepared on a going concem basis. The Trustees assess whether
the use of going concern is appropriate and have Klentrf*d no material uncert8inlies re181ed lo events
or condÈtions that may cast signfficant doubl on the abilrty of the chaTty to continue as a going
concern. The Trustees make this assessmert in respert of a period of 12 month5 from the date of
approval of the Financial Statements.
statement of compllance
The account5 have been prepared un¢Jer the hi8lorKal cost convention and in accoyclance with the
Finan¢kal R¢porting SlandaTd applicable in the UK and RepLiblic of Ireland IFRS 1021 and Accounting
and Reporting by CharitEs Standard of recommended Practice appli¢able to Gharilies preparing their
accounts in accordance wth FRS 102 (Charrties SORP IFRS 1021) issued by the Charity Commission
and applKable wf(h effect from 1 January 2015.
Basis of preparation
The Broderer's Charity Trust meets the definition of a public benefft entty under FRS 102. Assels and
liabilfties are initially recognised at historical cc6t or transactKJn value unless otherwise staled in the
relevant accounting policy notes.
Golng concern
The Trustees consKler that there are no material ￿n￿rtaintI￿$ about th8 Charty's abilty to continue
as a going ¢on¢em nor any svJnrfKant areas of ￿n￿rtaInty that affect the carying value of assèts held
by the Charty
Income and endowments
Al income is recogn￿Sed On￿ the Charity has ent1veff￿t to the incy)me. it is probable that the inmme
will be received and the amount of the income reCeNab￿ can te measur8d reliabty.
t)onation$ and legacies
Donations are TeccyJnised when the Charity has been notffied in writing of both the amount and
settlement dale. In the event that a donalKJn is subject to condf(ions that require a level of
performance by the Charity before the Chanty is entitled to the ftJnd5. the income is deferred and not
recognised until ether those condrf(M)ns are fulty mel, or the fulfilment of thc6e condf(ions is wholly
thin the control of the Charty and it is probable that these condskn.ons be fU￿l￿d in the reporting
period.
Investment incorne
Dividends are recognised once the dividend has been ts￿red and ￿￿ficatIOn has been r8CeNed of
the dividend due.
Expendlture
All expendrture is recognised On￿ there is a *al or constnjctive obligation to that expenditure. il is
probable settlement is required and the amount can be Measur￿ reliably. AJI costs are allocated to
the applicable expenditure heading that aggwate similar Gosts to that category. Where costs cannot
be directly attnbuted lo particular headings they have been allocated on 8 basis consistent wrth the
use of resour￿.
Page 8

The Brodgroes Charity Tntst
Notes to the Financial Statements
For the Year Ended 5 Aprfl 2023
Governanca costs
These in¢ludo the costs attnbutabte to the Charrtvs compIÈan￿ with constitut￿￿81 and statutory
requirements.
Value Added Tax
Value Added Tax is not recoverable by the Charty and as such is ￿Cluded in the re￿nI costs in the
Statement of Financia5 Activities.
FIX￿ asset investments
Fixed asset investments. other than programme related investments. are included at market value al
the balance sheet date. Reali5ed gains and losses on investn*nt$ are Ca￿ulat￿ as the differen
be￿een sales pr￿e￿$ and their market value al the start of the yeai, or their subsequent cost, and
a￿ charged or cfedfied to the Ststement of Fin8n¢ial Athvities in the period of disry)sal.
Unrealised gains and losses represent the movement in market values during the year and are
redrted or charged lo the Staterrenl of Financial Activit*s based on the rnarkel value at the year end.
Fund structure
Unrestrictad income funds are general furK15 thal are availab￿ for use * the Trust￿. discretK)n in
fvrtherance of the objeGtives of the Charity.
Designated funds are unfeStr￿ed funds set ashde for specfft purposes at the discretK)n of the
Trustees.
Restricted incune funds are those donated for use in a parttular area or for Specif￿ purposes, the
use of which restr￿ted to that area or purpose.
2 Incomè from donations and legacies
UnYe5tricted funds
Restricted Total
funds
2023
Total
2022
Deslgnated Genernl
Donations from indNiduals
6.000
42,021
42,021
38.997
38,997
Pa￿9

Th8 Brodererfs Charity Trust
Notes to the Flnanclal Ststements
Forth& Y8ar Endgd 5 ApTII 2023
3 Investment income
Unrestricted
funds
Total
2023
Total
2022
General
Interest receivable on bank deposrts
Dividends from fixed asset investrnents
23.092
4 Expendlture on charitable activities
Unrestricted
funds
Rostrfcted
fund$
Total
2023
Totsl
2022
General
Grant funding of actNtiies
Governance Costs
14
46.510
11.716
58,226
25.000 71.510 55,254
11.716
11,752
25.000 83,226 67,008
Grant
Funding Governance Total
Activity
costs
2023
Totsl
2022
Admiftislration Costs
Accountancy fees
Independent Examinerfs fee
Investment Advisers, fees
Grants
3.870
3,870
3.600
2.160 2,160
2,160
750
750
750
4,936
4,936
5,242
71,630 55,254
11,716 83,226 67.006
71.510
Page 10

The Brodererfs Charlty Tnst
Notss to the Flnancial Statements
For the Year Ended 5 April 2023
6 Trustees remuneratlon and expenses
The Trustees represent the Key Management of Charity. The Trustees give their time generousty
and without remuneration or ben8fiL
7 Taxatlon
The Charity is a registered Charity and is therefore exempt from taxalion.
8 Flxed asset Inv88tmants
2023
2022
Investmen18, 81 Mad(el Valuè
713,877
798,121
Totsl Ll8ted
Investments
Cost or Valuatlon
At 8 April 2022
Révaluation
Additions
Dlsposal$
At 5 April 2023
798,121
{74,2441
117,687
127687
Net book value
At 5 April 2023
713 877
At S April 2022
798 121
P4811

Tho Broderefs Charlty Tn￿t
Notes to the Financlal Statsm•nts
For the Year Ended 5 April 2023
9 Dobtorn
2023
2022
Dividends due
Gift Aid rec£Jverab
5,442
5.025
10 Credltorn: amounts falllng du• wlthln one y•ar
2023
2022
Accruals
Sundry creditor
2,910
2.910
7292
11 Funds
8alan¢• at 6 Incoming Ro8ourco8 Balance at S
Aprll 2022 r•sourc•• axyndod April 2023
Unrestrf¢t•d funds
Gonernl
659.934 59.930
162,226)
657.638
DesvJnated
Movement in Inveslmgnls
S,365
5,365
74.244
148.438
Total unrestrlct•d lunds
887,981 59.930
{136.4701
811,441
Re8trlGted funds
15000 100
Total fund$
9)2 981 69 930
161470
12 Analy¥l8 of net assets
Totsl funds
Fixed asset investments
Current assets
Curronl liabilit
713.877
104.856
Total net assets
12

Thg Broderefs Charity Tn&%t
Notes to th• Hnanclal Statements
For the Year Ended 5 April 2023
13 Analysis of n¢t funds
At6 April
2022
At 5 Aprll
2023
Cash flthv
Cash at bank
96,057 {12.5601
83,497
14 Analysls of grants
Grnnts to Instltutlons
2023
2022
The Grange Centre
Fine Cell Work
Lord Mayorfs Appeal
The City & Guilds London In8titute
United Guild6' Service
Assoclaled Compani88 Joint Venture Contribubon
National Mar(time Museum
Royal School of Needlework
Cockpit Arts
Injured Jtxkeys Fund
Sherfft, & R•¢orderfs fund
Corpor81ion of Liverpool Cath￿ra1
Arniy Benevolent fund
The Wc()Imèn's Ccrfnpar
Hond & Lock
cyst￿ Fibrosis Trust
Cty Special Event (Garden of RemombrarKe)
Livery- No Going Back
Shakespeare's Globe
Royal Bri(ish Legion
The Brili8h Library
Bexley & Lewisham Sea Cadet Corps
Que8n Elizabeth Scholarship Trust
Soldiers,. Sailor5', Airmens. Families A5sc¢ithn ISSAFAI
Weavers Company {CorOna￿n Anointing CanLw)
2,7
5,377
3,642
3,000
3,000
1,000
2￿
2.000
1.O¢JO
10,000
4,650
500
500
1,800
500
470
1,000
500
175
2,000
10.850
500
1,¢)00
470
1,000
500
1,000
250
3,000
250
3,000
500
5.000
500
4.000
Page 13

The 8rodererfs Charlty Trusl
Notes to the Financlal Statements
Forthe Year Ended 5 Awil 2023
Buxton Art5 Festival
The 8r*tish Monarchy
Skinners Maln*sbury
Drapets, Company {LNery Kitchen Intb'atrye)
City of London Afghan School unrforrn appeal
UK Fashion & Texiile AssLxk8tion
Winchester Cathedral
Garden ol Remambrancg
Total grants pakl from unre8trl¢tod fund•
1,000
1,000
550
500
500
3.000
6.000
190
Royal Collegg of Art
Guildhall School of Music
Total grants pald from r6strlct•d fvnds
25,0
10,000
10.000
Total grants pald from rmtrlctod and unrostrlctod fund•
55.254
Page 14