THE WORSHIPFUL COMPANY OF CLOCKMAKERS
THE CL￿KMAK£RS, CHARITY
FINANCIAL STATEMENTS
YEAR ENDED 31 o￿oBER 21120
Haym)atlntyre LLP
10 Queen Street Pliee
London
EC4R IAC
Ch•rlry Nwllb¢r 275381)

THE WORSHIPFUL COL￿PA1¥y OF CLOCKMAK
THE CLOCKMAKERS, CHARITY
TRUSTEE DURING THE YEAR TO 31 ocfoBER 2020
TRUSTEE
Th¢ Worshipful Qymp3Dy of Cl(Kkmaker5 cx¢rci*d through the CIJ
oIA&sistants
CLERK DURINC THE YEAR
Col O P Bartn￿ MBE until I l Novetnber 2019
Camilla SZyma￿wSkl from i ith Novembcr 2019
PRINCIPAL ADDRESS
l ThrognM)rlon AY4XU¢
EC2N 2BY

THE WOILSHtPFUL COL￿PANy OF CLOcKM￿Rs
THE CLOCKMAKERS, CHARITY
ADVISORS
INDEPENDENT EXAMINERS
Haysmacintyre LLP
10 Qu¢eD Str¢rt Place
EC4R IAG
BAI¥KERS
Caf Bank Limikd
Kin&$ Hill
Wcst Malling
KenL ME19 4TA
INVESTMEi¥T AIIVISORS
InV￿t¢£ Wcalth & Inv¢strn¢nt Ild
30 GT¢shJm S¢r¢¢t
EC2V 7QN

THE WORSHIPFUL COMPANY OF CLOCKMAKERS
THE c￿￿CKMAKERS, CHARITY
TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR TIIE YEAR ENDED 31 OCTOBER 2020
l. Strueture, GDvern#nee a*d M*MgemeDt
The Charity is 8ovcrned by two Trust Deed's daled 4 Aprsl l977 aTrJ 6 Scpthber 1977. 11¢$¢ d¢¢ds set out the powers
of the Tr￿￿t and its objectiv&s.
There Are no rt4trithion8 imFosed cth the Charitys activities by the Tn￿ De￿ts.
The objeetives of the Ch&riry are specif*d beknw. The re5pJosibilities of the Tnts*¢ ar¢ ¢x¢r¢is*l by the Court of
A&sistants in order to achieve the specified objectives. The Coun has Thet four times in th¢ period. There has been no
significant change irt the objectives. or8anisaii(• or kKJlicies during the last year.
2. Truits of the Charlty
The fjjnd includes Thvo Tn￿ts entided the flockn￿e[S charl￿ and the 'Clockmakers Collection Fund.. The Trustee of
the80 is the Worshipful Comp￿nY of Clockmakus. wlThe r¢sw￿1b111tits Are exereised by itx Court of Assistants.
3. ObJectlve¥ and A¢tlvlt
Th¢ Chariry has the objective of makiD8 Ch￿l¢able don4￿ in particular, ooi exclusively*
al Work connected with th¢ his¢ory of, r¢s¢￿h into Attd futttre of the measurement of lime.
b> The pU￿has1nS of horological iiem$ for th¢ Clockmakets. Collection and their maintenance (Collection Fund).
c) Prizes for the promo¢ion of educatson and trBinin8 and in panicular the science and art of hoTology.
d) Training of ¢I￿k and W2￿hmakC￿S (al collcBe or as apprentlces) (HaublSandersfTappeth Fund).
e) Research and development into th¢ n)e•sLmeni of tEn￿ both mechanica] and non-m￿h4n1Cal
(HainlSander*Tapp¢nd¢n FUTKII.
Selected ¢hariii¢s working within th¢ City of t￿lldOn
) The Mansion Hous¢ App¢41 m8d¢ by the LAJrd Mayor of London ("Lord Mayor'5 Appeal").
) Uiilising the iti¢om¢ from th¢ D¢rek Pratt Pnze Fund ￿ award £20.(MX) from time lo time aeeord8n¢e with th¢
agreement estsblighiti8 the Furtd.. Jwnely achievement in relaljng to th¢ ¢r8fi snd s¢ien¢e of ¢im¢ ajxl
The income (from gift8, gubscriptions. le8acits. INuests, investments and Ik)natioDS) and capital of both the untt$tri¢i
and restricted funds is available in the fiuther8nce of the above objectiv￿.
Th¢ Chwrity owns the Clockmakers. Collection. comprising a colkctiottof ¢I(K￿ wai¢h¢s. loo￿ artefacts, records',paper6,
books, magaziftes. ephemera. portyaiw engravings and OtherI￿r010￿1¢al i*ms and rel¥t¢d item& the majority of which a
on display in the Clockmakers. Museurn at the Science Museum or sIor￿1 at the Science Mu5etsm, the Guildball Library
and london Metropolitsn Archives. TtrLe c￿￿11Y also OWDS a wlltttiott of silver, otherplate. re4aiia and b*Jge8. No ilemy
in the Clockmakers. CoUe¢rion are valueAI within accounts.
4. Statement oll Publle Benellt
The Trustee B(xJy confJnn5 that they have complied with the duty in section 4 of the ChaTitie5 Act 2011 to have due re¥a
to public b￿cri( guid8n¢e publislKd by th¢ Ch¥Tity c{M￿￿"s$10￿1￿de*nnlllI￿ the acts'vities und¢rtak¢n by the Chatitabk
Fund.
5. Achlevem¢nts ind P¢rfonngn¢e and Flltllre *etlvltles
come
Inv¢slm¢nt incojlle has decreased to £65.472 this year wnpgTcd with £79.960 in 2019 to a rthction in ¢Jividends
d¢clar¢d be£ausc of the Covid19 pandemi¢. Donations reccivcd and incorne tax rccovttable amounted to £48.307 {2019-
£49.824}, Ix)th Y￿r5 includmg a dortation of £30,IXK> from tl* G¢orge D￿leL8 Eth￿tional Tntst.

THE WORSHIPFUL COMPANY OF CLOCKMAKERS
THE CLOCKMAKERS, CHARITY
TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED JI o￿oBER 2020 Iconthiueo)
S. AcldeveJneDts and Ptrforjnance Ind Future a¢dv1th5 l¢o•tlnued)
The Trnstee Body o)nsiders that the ll￿1￿ emphasis shC￿ld be ￿WardS the followinB Objects of th¢ Charity...
l. Support to alld prizes for the promotion of ¢dwauon and rc5e4rch for thos¢ involved with prnetical knrology #nd
the history of limekeeping.
2. Other desetvin8 causes as may be by th¢ coll￿¢10n Commtll¢e w Chtirity Cornmittee iftcluthnB
5UPPOrt of the LA)rd Mayor's Appeal.
During the year, the Collection Fund acquired..
Unfinished strik￿8 watch movement fTom a priva1¢ Colkctor.
F￿e Horologiographia at auction
A pocket watch and tool Associated with the BTooks f8mily from ¥ private ¢oU¢¢tor.
Thc Ch4rity received w donatioTL8 to th¢ Coll¢dion.'
Appr¢ntice indenture and memoTrndum of a8Teement ftr James Miles. don&*d by a private donor.
Thc Coll¢¢iion reccivcd, &8 loany-in fordisplay in the Museum hvo from one pivate lender. and three objLxts
from th¢ Scien¢¢ Museum.
In regpe¢t of training #TMI education. the Haiti Sattders Tappettden Fund n￿Je an award of £1,342 to candidates completing
the British HoTologicd In%titute dist&tti le8rning courses and on Award of£i.895 to D Hi880n.
The Colle¢tion Fund ¢ontribut¢d £750 foT tree clearance adiacent kn the lomb of John Haffison et Hampstead Parith
CburGh and £1.485 foT Tesior3tion nMint¢naiKe of the Vulliamy Rrnve.(Fu￿JS rais•J from the companies and
m¢mber8 of the Vulliatlly family for of th¢ grave).
During theyear the Charity (knWI￿£1,0(￿Y inffespectofprizes to students at Birn)ingh￿￿ Ciry University and to University
Coll¢s¢ Londctts Obs¢rv4wry. Addiiionally a 8Tane of £IXW was znade ts St Petrock's Churd4 Timberswmbe, Exrnoor.
for reMoraiion of their ¢hur¢h ¢l(Kk.
Other donations ￿all￿g £2.425 (2019.. £3,750) wue ID WlP)rt of..
T￿SteeS of Uoited Guilds Serviez
Lord Mayors Appeal
Museum of London
Help Musicians UK
Friends of Highgate Cemetery
Ciiy of London Guide Lecturers
City of London Police Widows & Orplw
City of London Poppy Appeal
Royal British L¢gion
GSMD S¢holarslu'p FuDd
Si Pauls Cathedral Foundati(
Li￿ry Schools LiDk
Livery Cornpany Skn'115 Council
Sheriffs & Recordcr8 FuThJ
175
200
200
100
100
100
150
250
250
425
125
loo
150
£2,425

THE WORSHIPFUL COMPANY OF CLOCKMAKERS
THE CLOCKMAKERSI CHARITY
TRUSTEES, ANiYUAL REPORT AND FIliANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 20211 {CoDtinued)
S. A¢hlevetneDts •nd Perfom#n¢* *ttd Future *ttfivAtfies (eomtlnlled)
D k Pratt Priz F
No award ofthe Cknkmakers, Durk Prall Prize was tnade in 201W20.
The Derek Prats Prizc is an award of £20,0(X) to bonour thse ijmlividuals or organisations of any nation whose work
btars the same swthrds of innovatioffj iti84Wity, elegance. precision, wothanthip andpuseverance &s the work of th¢
latc Derek Prat¢.
Nomiti4U0Th4 for the award are ¢(￿sIdered by the Awards Panel and are subject to Court tpprovttl. The first award of the
Prize was in June 2014 to MartiA Bur8ess for lifetime achievements in hoTology. The sc¢ond award was made An 2018 to
Charles Frodsh4m & Co Lfrl for the deveILVn￿l and launch of theiT new wTiSt.Wa￿h incoryK)rJ¢iti8 a double impul
chronometer esGap¢m¢ni.
Yi
Th¢ operntiffl of the Clockmakers. Museum ts the resFonsibility of the Charity; this together with maintsining and
¢nhancin8 th¢ horolo¥ieal collection will ren)aiD the ￿￿10 f¥xus of the Charity's xtiviry in the futhre.
The Tru8iee Body h&$ resolved to retsio res¢rv¢s su¢h th4t as tor &8 KK)ssible tuntre irte4)me will be sutlicienL and robu51 to
Changes in the economic climale, to ¢￿b￿ ¢on¢iDuing supwtof th¢ Chority'$ (Ojective4 and aciivitieg. Ai the year end the
amount held in Merves was £2.802,105 (2019- £2,851,678).
The Hain Sander5 Tappenden Furt thai fimds Resevch and per￿&1 Development awards fw qualified ¢lo¢kniakers
seekm8 10 gain new skills, is 4 restri¢¢¢d furtd that forn)ID part of the reserves. The objects of the Fund were reviewed a￿1
updated to complement the objffts of the GDEf which now Covers the majoriiy of traInU￿ rela￿ funding requests from
UK smdents and apprenti￿. Th¢ Htiin Sandcrs Fund also includes the TW￿dell Fund that was ¥ rcstricted Fund within
the Museum & Educationa] Trust (M&E Tn￿) thai was iransfened to the Clockmakers. Charity part of the M&E Tntst
ID May 2017. Notice is given on the Clockmakers, Company w¢bsiie. HTrs'w.
ets.o
. alxwt the Fun4 and the
procedure for applyin8 for awards. Two awuds were m* during 2019-20.
O. Rlik MAts#8tme*(
Risks to which the Charity may be susceptible have idents'fKd and a Risk Re8iSter hos been developj ag
mana8emeni t¢xJl io nwia8e mitigation when and where arwriale.

THE WORSHIPFUL COLWPANY OF CLOCKMAKERS
THE CLOCKMAKEILS, CHARITY
TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENIS
FOR THE YEAR ENDED 31 OCTOBER 2020 (ContIn￿e0)
7. Stotement of th¢ respom8lblMtles of the Trultee for the ststemettts
The Tn￿te¢ is required to prqjare accounts lor each fuwKJal peri¢yJ which give a true alld fair view of the state of affairs
of the Chariry whith compiise5 a statemcllt of the income athl exptr)diture of thc Clwity and a siat¢JD¢nt of its ￿ets and
liabilitiGs.
In pr¢patI￿ a￿ounts the Trustee is trquired to:
(a)
maintain sut¢able rcwrds of its tr8nsaciions whiclj disclo￿ with reasonableaccuracy. th¢ fin4n¢ial position of the
Charity at any tim¢,
I￿t suiwbl¢ awountitig w>licies alld appty them consislentty.
51at¢ wh¢ther the accounting policies are in accordanc¢ with the Charity Cornmission's "Accouniing and
Rep)rting by CIwTities'. Statement of Recommended Practice- published in 20151"SORP 2015"). subject lo any
d¢partur¢$ dis¢108ed attd explaitied in the accout)ts.
prepare the a¢¢wnts on a'going concern basis" unkss it is inapprowi•te to pre5um¢ thatth¢ Clwity will continue
its aCtI￿ti¢￿
make judgements and estimaks thai rt4&)nknle and pnmlenk
gafeguprd th¢ 8ss¢ts of the Chan"ty,
take reasonable sK)s io p￿V￿¢ and dethct fra￿ and other iTheBulaTitie8.
(b)
(c)
(d)
(e)
(o
8. tmvestmemi powe
The Truste¢ is empowere41 by th¢ Tntst Deed to invest fund8 ￿ its abso￿* di￿lI￿L
On beh￿f of the Tw8¢e4
Migdal (LAdy Vlhite)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2020
TO THE TRUSTEE OF THE WORSHIPFUL COMPANY OF CIA)CKMAKERS
THE CLOCKMAKERS, CHARITY
I report to the Trustees on tny ex￿nin￿li0rt of the accounts of the CFwiry for the year eTrJeJ 31 Octh 2020 which ar¢
set out OD pages 8 to 14.
Rwpectiv¢ respoDgibiiities of truslezs examlner
The truste¢¥ are responsible for the preparallon of the accounts ID accordartce with the requirements of the Chariues Act
2011 ("th¢ 2011 Act"). Tbc tnLsiecs are satisfied that audit is required for this year under section 144(2) of the
Charities Act 2011 (the 2011 Act) and have chtssen iLstthl to have all independeni examinaiioll.
I r¢port in r¢spect of my examinaiion of the Trn￿'S accounts as carrled undtt section 145 of the 201 L Act. In carying
oui my txamination I have followed the requiremcttts of the applicable DI￿tionS given by the Chariry Commi8510n
under soction 145{5Xb) of th¢ 2011 kn.
Independent ex*mln¢r'J stst¢m¢Dt
I have Comple￿j my exartil￿.0ll. l ¢onfirni th41 no have come to rny at*nuon giving me cause ts beli¢v¢ th4t in
any ma¢erial TesF¢¢t.'
4¢¢ouniing re¢ords w¢ffe not k4)t in re4)eci of the charity as required by section 130 of the 2011 Act; or
2. the accounts do accord with thctse records: or
3. the accounts do noi comply with the applicable requirements concerning the fonn and ¢ontent ofvxounts Set out
in the Charities IAccounL$ and Reports) ReBulati00g 21K)8 other than any Tequiremeni thai the accounts give a mi¢
and fair view which is not * maller considexed as part of an in&peDdent exami￿tiOn.
I have DO conc¢rn¥ 3TKI haye come acyom no other mauers in corn)e￿ with the examination to wbith attention thould
be drawrt in this rq)ort in ordtt w etsabk a proper understhDding of the a￿o￿nts to be re4¢hed.
Alldrew Broome ACA
For And on beb8ifof Ilaysmaclntyre LLP
Ch8nered A¢¢owlltants
10 Queen Street Plaee
ljondo
EC4R IAG
14 Apdl 2021

THE WORSHIPFUL COMPANY OF CLOCKMAKERS
THE CLOCKMAKERSJ CHARITY
BALANCE SHEET
31 OCTOBER 2020
Notes
2020
2019
FIXED ASSETS
Quoted investments
Royal Albert Hall Box
2,089,978
650.(
2.164,310
650.000
2.739.978
2.814.310
CURRENT ASSETS
Stock
Debtor8
C￿h at bank
4.055
17.218
75.436
800
24,369
52.036
96,709
77205
CREDrroRS: amounti falling dwt
wltbth One year
Other creditor8
(34J82}
139.837)
NET CURRENT ASSETS
62.127
37.368
NET ASSETS
£2.802,105
£2,851,678
iJNRESTRICTED FUND
Gen¢Ta] Fund (page 91
540.370
531.537
RESTRICTED FUNDS (pa8e 9)
Collection Fund
Hain Sanders Tappenden FuThl
Derek Pratt Prize Fund
1.751.499
309.893
200,343
1.813.449
307.649
199.042
2.261.735
2.320,141
TOTAL CHARITY FUNDS
£2,802.105
£2,851,678
The fuwi¢Aal statements were approved authori￿ for issue by th¢ TnLSte¢s on 26th Jaouary 2021
and were Signed below on its behalf by:
J Migdal jI2dy White) .

THE WORSHIPFUL COMPANY OF CLOCKMAKERS
THE CLOCKMAKERS. CHARITY
STATEMENT OF FILYAi¥CIAL ACTIVITIES ONCORPORATING AN INCOME AND EXPENDITURE
ACCOUNT)
FOR THE YEAR ENDED 31 ocfoBER 20211
Rfstrk¢¢d Funds
D Pratt
Unrestrieted
Funds
H*1
Sanders
T•ppenden
2020
Tot*i
Fundg
Total
Fulld8
Collectlo
2020
21120
2020
2020
2019
INCOME FROM:
Reftmd Croll Testimonial
Investsnent income
Royal Albert H￿] Box income
Conlonts of Poor Box
Royalti¢5 in¢om¢
Donations r￿¢1yed
Lega¢i¢s rtteived
Profit on $￿e of meTchandise
Profitl(U)ss) on Cl(Kkmoktrs of
l￿dOn
5,958
79,960
32,229
880
490
49,824
7.134
6,022
40,426
7.144
65,472
7,144
40
308
50.140
lo,￿0
244
2,806
308
31,710
18.430
10.(
244
2,8(K
373
(3,235)
33,410
17.134
6.022
79.588
136.154
166,479
EXPENDITURE ON:
'rect Clwitable Expenth'bjre
mar￿gI￿<￿i and administration of
th¢ charity
4,425
3237
64.057
71,719
L04242
J,401
1221
1.058
19,208
24,888
24J37
7.826
4,458
1.058
83265
96.607
128,579
ET INCOME BbbORE GAINS
IILOSSES) ON INVESTMENTS
25.584
12.676
4.964
(3,677)
39.547
37,900
OTHER RECOGNISED GAINS
AND (LOSSFS)
unrealis￿ net gairtlooss) o
investments
Realised net 88￿￿{loSsI on sale or
inves¢ments
(773)
(464)
45
(2.62D
(3.819)
122,290
(15.978)
19.587)
(5.409) (54.326)
185,3(K))
8,743
116.751) (10.0511
(5 J64)
(56,953)
(89.119)
131,033
NET INCOMFJ(EXPENDrruRE)
8.833
2,625
{400) (60.630)
(49.572)
168.933
Fund balance brou8ht fonvard
Transferbetween funds
531.537
307.649
(381)
199,042
1,701
1,813,449
{1,320)
2.851.677 2,682,744
FUND BALANCE CARRIED FORWARD
AT 31 OCTOBER 20211
£540J70 £309,893 £2￿j43 £1,751.499 £2,802.105 £2.851,677
The statement of fu￿1¢1a1 a¢tivities includes all gains aDd10&8¢S Te¢ogDwd iti the ye4t.
All income and expellditure derive from cootinuing activities
The notes on pages 10 to 14 fonn part of tbese fwan¢ia] ststementy CotllFArntive figures are shoTr￿ in TK*te I l.

THE WORSHIPFUL COMPANY OF CLOCKMAKERS
THE CIA)CKMAKERS' CHARITY
r40TES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020
ACCOUNTt¥G POLICIFS
Th¢ financthl $tstettThts have been prepared on the his¢oriG cosl wIVe￿tion with ￿ excq)tion thai investtllents
are v41ued atjnthet value. Thc accounts are in auordan¢e with applicable xcountin8 Standards Acc<￿tIng and
Reportin8 by Cban"tie5'. StaiemctLI of Recommeotsj Praaice appliuble to C￿￿ltieS preparing their accounts in
accordance with FRS 102 Section IA and con)ply with th¢ ChJriti¢s (Ac¢ounts otsd Reports) Regulations 2(KJ8
and the Chan"tiC5 Act 2011.
The Cl￿rity owns the Clockmakers. Collection. details of which are listed irt section 3 of the Trust¢es' Report.
No valuation of this Collection is incluthd in these fll)anciaJ sthiements.
Invc5tmenL% arc includcd ai closing mid-mwkei va￿e at the Balance She¢t datr. Any gain or loss on revaluation
or disposjl iy ¢aken to the Siatheni of FinaDcAal Activitie5.
Th¢ Fun(Ls &8 &tailed in rtotr 2 are invesied in A range of commercial ￿ in¢Justrial cquiti¢S. fixed intereyt attd
invethent and unit tru8L8.
Sio¢k is valued a¢ the low¢r of ¢0* or net realisable vah%.
Inv¢slm¢Dt other in¢om¢ re￿IVed are xcounted for on the accnJ8]s basis.
Grants payable. donations. iwsaritt and au other exwith'trjre are a¢￿￿nIed for when the obligation 1$ probabl¢.
FIXED ￿sETs- Investmenls
Pooled Derek PrAtt Fulld
Total
Market value l November 2019
Additsons
Prc￿ed5 of disposals
Reallsed (loss) IBains
Nei (lossl Igain on revaluation
1,874,985
389.508
(311.831)
(79,891)
(3.862)
197226
28,026
{21,681}
(5,409)
45
2.072,211
417.534
(333,512)
185,3001
(3,817)
Markn Value 31 Odober 2020
1.868.909
198207
2.067,116
C&8h awaiting reinve8tmeni
20,726
2.136
22.862
1,889,635
2￿.343
2.089,978
Historic cost
1,729,602
102,481
1,832,083
FLXED ASSETS- Royal All>crt Hall Box
The Royal Albert Hall Box is part of the be4Ue5t of the late Regitiald Bdoe to the M&E and was transferred to
the Charity on its witiding up. The Charity Te¢eives inwm¢ from th¢ Premium TickeÉ Return Scheme operaied
by the Hall. The Box w&$ valued by the TThsttts in 2017 al a Mark¢t Valu¢ of £650.¢XX).
io

TIIE WORSHIPFUL COMPANY OF CIA)CKMAKERS
THE CLOCKMAKERS. CHARITY
NOTES TO THE FILYANCIAL STATEMENfs (¢owtinrn¢d
FOR THE YEAR ENDED 31 ocfoBER 21120
DIRECT CHARITABLE EXPENDITiiRE
2020
2019
Unrutricted Fund
Donations
Pri7£s
3,425
1.000
3.750
3.051
Co1]el￿on FuDd
A5SiStant Keeper's fe¢3
Curators sa]ary and pension c09
Curatori81 Adviser
Ifysuran¢¢
Vulli8my 8rave
Display and stOrn8e costs
RestOTation CosL4
Tin Box movemeni
Other sundry expa￿5
Picture
Mudge Memorial
Watch
cO￿ervation of Croll Tertimortial
3.056
34,963
4,684
33.413
I,(K)O
5.288
1.485
12,096
8.887
1.485
3.476
479
3(MJ
1.643
2.475
25.oc
12.OCrf)
3.315
5,453
HAln SaDd¢rs TappeDdets Aw*rd
Prize awarded
Horolo8ical Trninin8 Course
1,895
1,342
£71,719
£104.242
MANAGEMENT AND ADMINISTRATION OF THE
2020
2019
Atrouniancy
Contribution to Worshipfvl Company of Clc¢kmakm stsff
Portfolio dvisory ¢h•ry¢s
Sundry ¢xpen
4,IXIO
9.$92
11236
60
4.oc
8,716
11,142
479
£24,888
£24,337
COVENANTS AND DONATIONS RECEIVED
202•
2019
Donation frnm the Ge4)rg¢ Daniels Educational TrKtst
Other donatiojks received
In¢ome recovernble
30,0
17.722
2,418
30,000
16,695
3,129
£50,140
£49,824
TRUSTEE REMUNERATION
Th¢ TrwsLe¢ recaved MnU￿tIOn or reimbwse4Dent of ¢XP¢DS¢S dunng the year save as disrlosed in th¢
Related Party TTrnsaCtio￿5 Note (Jy)te 7).

THE WORSHIPFUL COMPANY OF CLOCKMAKKRS
THE ClllCKMAKERS' CHARITY
NOTES TO THE FllYAI¥CIAL STATEMENTS (eo*thiMed)
FOR THE YEAR ENDED 31 ocfoBER 202(1
RELATED PARTY TRANSAcfioNS
MT F Brodie was paid £3,056 for his choTg￿ &s A&8iStant Keeper. Mr Brodie 18 8 Liv¢rym8n of the Worshipfi
Compally of Clwkn]aket&
An ￿￿ount of £l.(W in respect of Curntori21 Adviser's f¢e w&% paid to Mrj Betts who is a member of the Court
ofAssiStants of the woTship￿1 Company o[C￿kM￿kc￿$.
EMPLOYEES
The average monthly Tmunber of employ¢¢s th¢ yearwas ODe12019.' one).
ANALYSIS OF FUND ASSETS AIW LIABILrriLs
CURRENT YFAR
Unrestrletsd
Fund
Restricted
Fund
T•t*l
Fixed A%8ct Inv¢gIm￿¢S
Curr¢rht A￿sets
Curr¢ni Li4biliti&s
2.739.978
96,709
(34,582)
465,521
91,925
(17,076}
2.274,457
4,784
(17,506}
£2,802.105
£540J70
£2261,733
PRIOR YEAR COMPABATIVES
Uttreilrl¢¢ed
FuDd
Regtrlcted
Fund•
To¢
Fixed 1nve5tsne￿ts
Curreni Assets
Current Liabilitie5
2.814,310
77205
(39.837)
509,219
65,955
(38,837)
2.305,091
11,250
(l.O(M))
£2.851,678
£536J37
£2.315,341
12

THE WORSHIPFUL COMPANY OF CLOCKMAKERS
THE CLOCKMAKERS, CHARITY
NOTES TO THE FINANCIAL STATEMENTS (tontlnued)
FOR THE YEAR ENDED 31 OCTOBER 202
io.
APPORTIONMENT BETWEEN FUNDS
Incoming and expended res[￿rCeS togethtt with realisoj and unrealtsed gajnsllosses art Usually Apportion
between the ffstricted a¢]d w)￿s￿l¢l¢d funds pro the balance on each fjmd ai the beginning of the financi41
year orfrom when new fimdswere received during the fm8JKial ye4r. This is with the exception of the Derek Pratt
Prize Fund where to the separnte investmellL%' held inveslmeol t[W￿¢￿er¢I ￿sts ar¢ allocat¢d directly.
COMPARATIVE FIGURES
R¢Jtri¢t¢d Futsdi
D Pratt
Prkn
UDmtrktrd
FvDds
H*ln
Sanders
T*ppenden
2019
Tothl
Fundi
Colle¢tk)n
2019
21119
2019
2019
INCOME FROM:
Refvnd Croll Te4timoni81
Investment In¢om¢
Royal Albert Hall Box in¢ome
Content¥ of Poor Box
Royalties incom¢
Donati¢)ns Received
Profit on sale of merchalldise
Loss ￿ Clockmaker8 of Loodon
5,958
79,960
32.229
880
490
49.824
373
(3.2351
14,lJO
.324
7.354
50,152
32.229
880
490
30,000
19.824
373
{3235)
31.972
,324
7.354
118,829
166,479
EXPENDITURE ON:
Direct Charitable Expenditure
Management and administratson of
the ¢lharity
801
97.441
104.242
3.721
1,161
1,018
18.437
24.337
10522
1,018
115,878
128,579
NET IJ¥COME BEFORE GAINS
I{LOSSKS) ON INvEsTME￿r5
21.450
7.163
6J36
2,951
37,900
OTHKR RECOGNISED GAINS
AND ILOSSES)
Unrealised net gain100￿> on
invesunents
Realised net Rainl(108s) on sale of
investments
21.723
12.797
10,666
77,104
122,290
1.763
1,039
(3171
6258
8.743
23,486
13,836
10.349
83 J62
131,033
NET INCOME
44,936
20.999
16.685
86J13
168,933
Fund balanc¢ brought forwatd
486,601
286.650
182.357
1.727.136 2.682,744
FUTrID BALANCE CARIUED FORWARD
AT 31 OCTOBER 2019
£531 J37
£307.649 £199,042 £1,813,449 £2,851.677
13

THE WORSHIPFUL COMPANY OF CLOCKMAK
THE CLOCKMAKERS, CHARITY
NOTES TO THE FINANCIAL STATEMENTS {¢omtinued}
FOR THE YEAR ENDED 31 ocfoBER 2020
12.
CONTINGETrIT LIABILITY
The Clwity has uudertakert to COnth￿ule 5¢YAofthe ¢ostsofdigilisiDg themiDuW ofthe Court of the Worshipfidcompany
of Clockrnakers. There was w contribution irt either this year or lasi year.
14