THK WORSHlllFUL COMPANY OF CLOCKMAKERS THE CIA)cioaAKERS CHARITY YEAR ENDED 31 OCTOBER1•24 ChrityNTAmbv 27538Q
TRUSTEEDURING ThKYEAR T031 OCTOBER2024 TRusfEE of AssistsnL8 C[K DuRG THEYL4R Stmoll Gray from l Jamwy 2024 EC2N 2BY
ADoRs DavidAndtew8 Bsc MBA FCA Dr]eSP Ro StstreyRH4 3U) Caf BLjInIted Kll8 Hill W1 Malli08 K¢rtME19 4TA Rllthbon Grollp Pk? 30 Greshtzn Stteet Loqd EC2V 7QN
TIiUSTEES' ANNUAL REPORT Af4D FINAf4CIAL STATEM5 FOR YBEYEAR ENDED 31 OCTOBER 2024 1. 8trll Governnee aid M•n4emeut Thts alty li 8ovay)&lbym Tn¥tDeed8 d8ted4 April 1977 6 Smbtt 1971. Thvle de£dv s¢toutthoptswttsof the Tnu¢•hd itsobje¢ti The c&j#tiv¢s of the Chry are wified below. The VeBwwA>ilities of th¢ Trujtee u¢ exlIed by the Court rf Th6 Cthrtb88 of rnvi¢wio8 ill upe¢ts of th¢ Chty kn the10& Th¢revieww¢4M 18 opgoillB. L Tyutsof thecharlty Th6 fvttd itsrludeg two TnS enthled the'aockmkn Ch&rJty' •fydth¢'ClrAknithrs Q>llcGtlon Fund.. The <<•f ¢kn18 the Worshipfjjl CoMpY of ClockmthN whose rwnsil)A]itiu areexercis•Jby its Courtof A8818tts. 3. ObJttdvo Athll¢8 a) Work ¢onooct&l with the hisw of, into ard of the of lime. b) Tre purchthg ofhorologicd Itemi for th¢ Clo¢kn)&keTh' Collectlon and matnienthc• (CollKtLoD Fund c) Prize4 for the promotion tsf tsxioi08 Attd io p3rtityJlar th6 se1¢¢ and art of horo104y. d) Training of clock and watcbmkn (at ¢oUe8¢ or #ppr¢ntth) oh1Sanders1rapF¢0de F1. •) RcT¢ thvelopm¢nt into the fvtyr¢ Tn¢wr¢wt ot timo both mecbAnlcal Dotrmechie4l IHoirdSaDd¢trnappeDden FuTrl). O Selected Charth wothg within the City of Li Th¢ MaDsioD House AppAI made by theLord Mayorof LffjDdon Mayofs App¢al'?. h) UtilisinK the itieome from the Derek PrattPti7x Fund to JVrnTd £20IW)O from time kn time ill•crd¢g with th¢ eem¢At esthblisknAg the Fw. namely achievÉrneDI in work rel•iin% io tho waft and Ki¢n¢¢ of iimr tim¢kMpI Th¢ inrme Ifffom gift4 sub¥iptis)n¥. JgyGie4 bequ•sts. alld donatlom) Alld 1 of both thv d i¥tsi¢t¢d fyttds is av2ilabk in th¢fither80¢¢ of tbe cjgGuves. Tht Cb&rityoYms theCl¢J¢krAth' Collectiony comFYisingcollettitsnofelocks watthe4 too]s, artefa¢t4rwds.paFa4 b)k$ ma88zi% ephanern, pDTtr&i WVin8sxtrA ctshomlo8icai )Malld relattditoms, themajority ofvknich on dtsplay in the Clothnaker5' gt th¢ S¢ien¢¢ Museum or ored at the Sclence Muwjm. the Guildhall L]Trrny and London MBtropoJitan Archivek The Cb4rity alK owns a ¢oll¢¢iion ofsilvtr,4)therpla. reAaiia And badgN. N• iteti in the Ck¢kmk¢rn' Colle¢tion Jre within thue aeCWDIs. The TnthBody ciJoGALq th8t thryhavecornpltdwith the dw in sec¢ioD4 ofth¢ CharitiGg Act2011 to laY¢thJ¢Trzud to pub]i¢ bothgaldpllb]ished byth¢ CharityC(ffDmiSBiODiD 1heActivitiesdert2nbYIhc Ch¥ritsblv In the pJ¥i rJ¢]8] ye. the Clockmakers. h¥ Jwarded graats toawide variety ofprojec b¢nefLttin8 indivithAI sdentS attd trAinxn8 inltiOn4 as well u public ¢Jo¢k5 thrnigbout the City of L•DJoD UL in addition to sm•ll
THE WORSHIPFUL COhIPANY OF CLOCKlKERs FOR YEAR ENDED 31 ocfoBKR 2024 (Comtinlltd) The CollethioD Fwld wjpports the Liknry and Archlv¢. These are avai]able to the publi¢ 8t no Ch1¢. either4J open accessorbyPriorapitittDt for5cholar]ypwpJs¢s. ThecOrlStatits are $8ti6fied tbat1beM Llknry nd Arthive are adminiswed itt line with the Cblble purpow of the Ciwity, and tha¢ they ¢ontnTrJutc tr the publ iKuefiLbcingop#ntothepublic freelyorbyaTrdngemai fortheuofstsd¢Dtsofhomlo8Y.histthiatisandotherintetut4 Aehl•v•JMnts and P•rformaDCe Ind Thture •ellvl¢l IDvestm¢fji itieAKnehw to £81236 thisyeaT¢ornporedivith £73,963 itt2023. DDnAtions rec4ived aTKI income thx rEcoverable an)ounted to £74.109 (2023- £70,765X both ye4rs iDGludin8 a th)natioll of £30,000 from thc 60 Dani¢ts The Tnjstse Body ¢on91d that th¢ ty4inémpb¥i• 8lknxa be tovrnr& the followi Obixts otth• Chwily.. 1. Support to aDd priw fc tb• Fyomotionof thd rer¢h fortho8e Involv vith prnctical horolo8y3lld the hittory 0ftimeke¢pi. ort of the Lord Mayor'$ AHJeaL As noted ILst year the ¢haTity ho$ qppm¢d Ihe eQTWt of 8TmuBI mponry exhibitions within the rnuseum, and 8allery WQTk6 to facilitate thi% included £52,984 ¢xpcnd?bJre on dibplny Ca The ele capilaiised aro bellw expen to Ihe in¢¢)me and expendiiyrn Aeoount over three yeats. The Colkction Fund made an aquisition for£28.cl of A Hoim¢s Lon8 C88e rareGeorse Ill mzho8aoy lon8¢ase d¢xk with enajllel diAl& Circa 1802 in a fi8ur¢d Ma188Y bTr¥k aTch case with fine rnouldings and hood door fl8ttk¢d by stop fluted. rteded and canied cornets and fish sCe Side panels. Heigbt 7ft 5 iDS1228 cm). Thts eIoek hos its rikinal receipt from 18 Jun¢ 1802 lo GethEe Wollasion for£17.9.6. A pur¢b&se of paper5 of1$88c Ro&¢rs was ajso made for£787. W¢ weft gifted a leit¢r from Humplirey {111 to ChiTle5 HobsoAJ rewdinq Quill's Haryi$oD regulator and rtteivtrj ¥thlitsonal ¥lideb fiom Roland Jarvig estate %ale. Thc following ]xx)ks wer¢ received as doniiions". A Voyo¥¢ Through Time- ThE Masis Collcction of Horologi1 Maste]et¢s. Rirhard Chadwick. 2020 (donated by ma Levy) ld Knick. kn4ckery: The Deards Fajnily & 11]eir luxury shops 168&1785 bYv¥ 2023 by ¢h¢ Uuthor). Jn resp1 oftsainiD8 ard tsJuc8tion. the Hain Stnders T4speThden Fund mide two bursary ad8 tolalliD8 £JXN)O to two iNdeDrs ai West Deall Collew ood £5J25 to thè BHI Wialf of ClocknJ8k¥s' Company Apprenii¢es ID payment Examinatiou fee8 and the purth8se of Brith Horological Instlm's Distancc Le8rnin8 ¢our8e5 to be by Clockmakers. Company AppMiti¢¢s. AA apprntiteship award of£2500 made to S. Kejwedy, Jo addition to th¢y¢ aw$. the Ch8rity fonded mentorin8 for the student4 the wlJolB cosi of which was and will COADUC to be mel by theLinta2 ClwilableFcdIti. up to atotsl of £Ir.(O. To 31 October2024 £30,055 hbs Dutillg thg year. frIxD the Untri¢¢ed Fund. the CTr1ty rn8de (k)natiorJS forhorokngicalprojwt as fo]hws: L£IDtWardi hrish Church £5, Brnsshfi¢ld PCC £1250. All Soints He&thfi¢ld£350, All S¥iDts ch Thur1&$ £500. St L¢om#rd'3 Apetho4K £5(K), Chtistthurch PCC £5. Wentworth Woodhouse £2.500. GrAThdbOrw PCC £51XI, St Mary the vk8u1£5.O. Fri¢th Villa80 Hall £2.500. Frielld$ of St Giles Ènd St Mary's Chilharn £2JfA). Thé Clurity dowed £3J20inr¢eCt ofprizts to 6hthLts iwlwtho8 aiBillllinghrn Cityunivw, the BHI at the
TRusfEES? ANNUALREPORT AND FINATqCIAL STAThMENTS OR THE YEAR ENDED 31 OCTOBER2024 (Contlnued) S.Achl•v4m¢Mts Ad Pexlfjrnianee and Fulure ac¢lvld¢• (e•Mlknlled 450 450 250 250 200 500 250 500 550 350 40 100 500 750 Joo 639 150 Hdp Musicilltis UK of Highlate Can¢t•ry Utiiknj GulldgUGS No Going Bk inilitiv¢ CityHaryc6iIAd St Pau]s Cath¢dTrlFopNknti Uv¢ry Sclwh Llok Festival of Clergy GuildHall Schools TEU$t aergy Supp)rt TN$t DewP•rk S¢hwl £6,029 ThtAb0 is Its th¢ tsblo b¢low. ts atWtstD¢pA ollg8¢ l $tthts to aeLess etition. ExrxllAt I Membathip, distaoce 325 leA appT¢nti¢u to 8•ill fe1081 qualifjcthionj li81 for theirlong.ler aod the futtr¢ ofthe Jward¥foT atlaimnent iti Iomy Klr¢]Ated fiel& 320 (tttivisiDg sbthts alld ue theirsMdie4 luding At a pc*l.8rnduAtO blig Clwk8 torntioll of ChurthlVillBge Ickth 18,1 toration of hetitsg¢ ¥9ets d presuv&tsm forfijT0 . Benefitty the iety of Ctycbrities &029 of pOvty and sU¥)rt locktnakn, Collefflio .000 visitors a¢llitat¢$ th¢ provistr)n of of m¢lltorll artrj sist Jppronli¢4 1 14a03 dunD
TRiISTEES' ANNUAL REPORT AND FDIANCIAL STATEMENrs FOR THE YEAR Ef4DED 31 00BR 2024 (C•tttinued) & A¢hl¢YemMts •nd Perform¢tand Futute Ardvltle8 (tolltlxwr41) No aw8Td of the Clockrnaku¢ DerekPnttTrize was mado tn 2023-24. The Derek Prntt Prizo 19 an aw¥rd Of£2o,fy tohonourtho6¢ lndividualsororwitions ofanyn#tiOD Dettk PrntL Nominations fortkn award ¢on¥idoTed by the Awards PaDoI and are Stthject to Cowi awov41. Th¢ fJrs¢ award of the PTiZ¢ was in Jun¢ 2014 to Manin Bury¢4 for lifetime 4tht¢vernents in horology. The sond aWd made ID 2018 to CIJ8TleB Frodshttm & Co Ltd fcrf the d¢v¢lopment and iaunch of their n¢w wri8twat¢h iw(Kpoiatin8 a Oxbk hronomet¢r ¢Jw¢menL The operation of th¢ Clo¢knakets' Museum i& the ryo16111ty of the Chthity; this to8¢thor with 1118 eDhaockn8 the Ib)rolo8ic4] eolkntion will remaiu th¢main focus of the Cbority'$ 8GIKvity ioth¢ filtswe, The Trus{tybas resolved to tetaiti re$Ve& such that as Earls possiThle iDeom¢ vrill be sufficieni and mixut ¢0 chatt8¢s the economic cliTnats, to ¢rthl¢ ¢onlinuin8 5UPPPrt of the Charity'$ obi¢¢tiv&8 and actiYi¢ie8. Ai th¢ yetr end th• omount hald th re86ryu was £3,209,845 (2023- £2922340). seeI3ng to gain llew skill$. 1$ 4 rebtri¢ted fimd thai fonnk pprt of th¢ re8ervè8. Tho Hain sder3 Fund nc•w ildeS th¢ T41penden Fund that w&8 a Te4trithd Fund vrithin th¢ Mugeuin & Edu¢AtioMI T#t (M&E TrJst), trDrf¢rr¢d to th¢ C1kmakery' Charity 89 Part of the M&E Truit in May 2017. Not*e 1$ 8tven the Clotkmakers. Company w¢bsits, www.cb¢kftkn.ozB. about th¢Fuu4 tyi the Pr8dre for wiyiA8 for Risks to which tbe Clwity may b¢ sus¢¢pthle bave b#¢u id¢ntifipl ond a RiÉk R¢8iSter has been dcvdoped as •
ThE WORSHIPFiIL COMPANY OF CLOCKhR8 THE CLOCKMAKfRS¥ CHARITY TRUSTEKSI ANNUAL REPORT AND FINANCIAL sfATEMENIS FOR THE YEARXNDED 31 OCTOBER 2(124 {Cotttitiued) The Tnwee is requittd to prepaJe forwh finfrncial pai(Kl wbittb Bive a ttueAod falrvi#w of the stat¢ of 8ffai of th¢ CbKity whach ststem¢ of th¢ 8ttd &xp&Awre ofthe Cbsrity and a Slment of its usrts alld In pr¢wi¥ these a¢¢4utsts th¢Tn4is ra]uired kn: maiDtth8uitsbleK¢¢ord8 ltranS¢kKhd1th, wlthnoMDthkacwrncy. the fw•DNal pNilionof awity al any tim¢, select suitable 0ntIng policies and appty them csiStenty, slate whether the accounting policie5 in aecorth)¢e with the Charity Cthttthis5ion's -ACCouting •1 R¢wtill8 by Cbarities: Stement of RecommeD&d PAdie&' pubiid in 2015 fSORP 2015"A subied to dewthr¢$ discloacd 8t tsxp]aincd in th# a¢¢ounts. prepare th¢ acco(5£ A"8oing¢oD¢4rn basis'unless it 1n0pPrwte tOpreswneththèchUltyW1II conti its xtivitiQ5. make judgenTra e4thnaw 4rnreuonable andptud¢n U8rd th¢ &ss¢ts of tho Cillrity, take rea80bk s¢ps t0pr¢V attd d¢ct f1 KI tsth¢r itt¢8utsri1i. {a) (bl (o) (d) (•) (o The Th1¢¢ IB empDwu•lby the Th¥t D¢¢d inv funds at its d>solut¢ disc0. Onb¢hHlfofthe TNste4 Keith ieYowFBHI ACR
INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 ocfoBER2024 TO TRUSTEE OF THK WORSHIPFtrL cohfpAr4Y OF CLOCKTrIAK I regort totheThist¢esonmyex•Jninaliotiofthtsaccumts ofthe Cknityfortheyetrenw 31 Chxobtr2024 whS¢h •rE8et t(K Pa8es g to l& 2011 Cth¢ 2011 Acf). The th]stee8 S?sfied an audAt is iiol r4uiroJ for th yer under 144(2) of thE Cbarilias kn2011 (th¢ 2011 Aci) and bave chosen izksfead (o bave 8D indep¢thi ex1 I reportin rw of my of the TNst'$ •xounts as ¢4rri¢d out und¢r sxtion 145 of the 2011 Act. Jn outmYèXamufth I have followed th¢ requir¢meots of the appliGable Dire¢iioM given by the Cb•rityComm1ion uDd¢r 8e¢tioD 145(SXb) of tbe 2011 ACL IndepethdeDt •IneIAtrItllt any material rc¥ttL' awounting Fxre notkepl In rel10fth¢ ¢harity as ryindbysectiom 130 of the 2011 A¢ 2. the ftc¢ounts do nota¢¢oYd with those rec. or 3. th¢ aecouDts do)wtc¢)mply with the wili¢4ble yequtrem¢Dtsthrn1ftg the form aod ¢tlentOr acrfwnts in the Chwitiel (AtKoun¢sHnd Reports) Regulation$ 2008 other thBn anyravirCnt that theaeeounts giveathi• Davld Andrrn BS¢ MBA FCA Deerteap Ro Westcott SuTray RH4 3LD
31 ocfoBER 2024 21124 FJXED ASSETS Quoted invesunents 2.488.024 650.(KIO 17,650 2,197979 650.£ 35,299 Display casos 1155.674 2,883278 CURRENT ASSETS Sto¢k DebtorB sh at bank 6.727 47.989 9.451 1?61 36,593 5,831 64,167 43,805 CREDfroRS: I11$ dlle 96) (4.843) ET CIJBRENT ASSETS $4,171 38,962 KT ASSETS £3,2CIJ.845 £2.922240 UNRESTRICTKD FUND Gon¢r31 Fund (page 10) 684,942 627,620 REST FUNDS (pa8e 10) CollxlioD Fund Haiu Sanders TApPej1O Fuad Derek Prjtt Priz¢ Yund 1968J04 303J83 251216 1.780,891 296,840 216,889 1524,903 2394,620 £1.209.845 £2y22240 Th¢ financial st•t¢m¢ntsMtrE WfDv¢d •nd authori8ed for igBue by theTTu*ea on 28 Jartwy 202J WeIr signed beknv be]Mlf by. Keith S¢obiewYoufjg8 FBHJ ACR
ACCOUND FOR THE YEAR ENDED 31 OCTOBER 2024 Re8trl¢ted Fundi D Pratt Totsl C•ll¢ftkni Fwidl Totsi Sande Tppenden 2024 2•24 2&24 2f24 2024 21)23 llYCOME FROMI 85,130 73963 35521 350 261 70.76J 14,054 l)75 471 17JS5 8J?I 49fv88 49,085 AlbertHall Box Conients of Poor Box Royaliies aYKI FKS income Donation8 Tec¢ived Chuity I1Jud m¢tOrio8 i¢hen Profiton of nbandI9¢ Profit oa aockmakn of 81236 49.085 1,040 2,110 74.469 11,803 lJ48 3,915 2.110 41,0 33,41YJ 3,915 52.IX 17.625 8,371 147.1 225,1)J6 282.090 EXPENDITURE ON: Dbt Chorlt4ble Expthdltut• 44J93 2?948 101,006 173J47 161J16 9,787 966 lJ19 27.164 39236 26.173 54.180 28914 lJ19 128.170 212583 187,689 NEf INCOME BEFORE GAINS 1(10&8LS) ON INVLSTMENTS (2.176) (11289) 752 18,836 12,423 94AOI OTHERRECOGNISED GAJNS AND (LO&SL4) Unrealis¢Jl net 8•) inV¢Stylts Realised J>¢t &1<10&1) on s•1¢ ot 58.129 19J76 27J06 164.697 269.708 {50.099) 456 1231) 3180 5N74 26.464 59,498 19,832 27275 16&577 275.182 (23fi35) $7J22 34JZJ 18TA13 287.605 .766 627,620 296040 216.889 1,780.891 1921240 2.851874 AT 31 OCTOBER 2024 £684942 £305J83 £251216 £1968,304 £3209.845 £2.922,240 Th¢ st8wnent of fiDanoAal ¥AivitieS i]d au gaills 4nd103wre¢ogaised xti the ycwr. The notss onpages I I to 16 fonn wtof fiD8ncial stat¢ment& CompaAtiv¢ fiKwes we $bO innote 11. 10
FOR THE YEAR ENDED31 OCTOBER 2024 acCordall with FRS 102 Section IA aJMI with the Clwilies (AceLats and Rqjorls) Regu]atioM 21108 •ndthe Clwiti¢5 Act 2011. Th¢ Charity tbe ClockniakeT3' Coll¢¢tkm, dAlls of which are li5(ed ID seAloJ 3 of the Ilwtem. RWL NolU10 of this CollgcttQD is Indlld i0th¢ fjDatt¢iai stOtem¢n IDvNtyients included atclosing mi&m8Tket value at the Ba]tr Sl%etd•t& Any 8•1tt orloBS otsttv•lua or di481 1$ t•kett to the StAtrmeot of Finwla1 Activiti6 Stoek li v41ue4J the low¢rof ¢Mt rynet rul£sthla voiutr. ply1& knusozles •nd otlw tXpeDdI r for wbtrl tbe ob]i8•tni pD)bthlL Pooled Fund• Duek TrttFwd J.980.46J 115.682 (1082() 5,705 242,202 211,885 10917 (2J381 (231) 2706 2.192J46 126,599 (110.738) 5,474 269,708 Additio Proceeds of dtspogAI8 Realls (los5)I18 N¢tOoM)14•ia oo rv4lu•il M*•t Valye 31 Ootober2024 2235.850 247J39 2A83J89 1.071 3J04 4,635 2236,921 251,103 2.488 Hiwl¢¢c £1.809,997 194.585 £2,(1)4J82 FJXED A88ETS-Ditylay Ca8es C05tat ) NoYeJub¢T2023 •ud31 Qtob¢r2024 £52948 Deprt¢iMioo et l Novwb¢rW23 Clarye fory 17,649 17.649 D$PIllIon at31 Octobcr2024 £35,298 Net bor Vat 31 Ckth2024 £17.650 NlDkV9llltsat 31 O¢trtKr2023 £35299 li
WORSHXPFUL COMPANY OF CLOCKMAKEILS THE CLOCKMAKERS. CHAiurY NOTES TO nNANCIAL STATEMEM (eontlnued) Th¢ Royal Albert H1 Box b4ueathed to the Wot5hipfvl Company of Cl(thpkers' chlty by the I Re8itiald Beloe. The Charity re¢eive8 income from the Premium Ti¢ker ReDrn Seheme opernted by th¢ H The Box ww valued by th¢ Tws1e¢s Én 2017 ataMarke¢V8b of £650.1)W. aTJd this was r6vlewJ by the F&RPC in 2023 and leftunchanB 21n4 24,129 13.030 2.140 M¢rktorin8 f¢¢$ DiplomAS CA>n8ervatlou of Mell11 Subscripiioos 500 lJ98 225 506 494 505 430 Livery Schwls Showc C&lk¢torJ' CblDet Display materi$ Di8itAi rAlalo8ue Trnv DI1Y #OrnR• ¢0 (bom¢ by Collth fi) Adv¢rtigin8 and photORrnpby (of wblcb £3.636 bJrn¢ bythe Colkction Futtd) 13J83 1.300 42 650 9.705 4476 2J69 401 17.649 Swidry ¢xpens¢8 D¢pKeciation of di8pkny 89 17,649 Coll•¢¢k4ll knlstatst Kw'$ f¢e$ cAor.$ ¥thry and penskn eoJ (auattlal Adviser 4,084 44,683 1.000 6.1(kl 1306 180 905 4.413 43JS0 1.0 4.754 Display aryl storag¢ ¢oJts 300 62 (51) Travel and a¢eommodation CoU#titin phowaphy dlI1$&t100 29,028 23.0 HMIR Sanders Tapp¢nd¢u Avmnl HST Awarfs alld 16.145 11,803 14h33 14.054 £173,347 £16116 12
N(yrESTO TUE FINANCIAL STATEMM (tontlnlle FOR THE YEAR ENDED31 ocfoBER 21124 mANAGEMEr AND ADMINISTRATION OF THE CHARTrY 2024 3.269 17,875 2,150 Porfo]io &fvis0ry Gbw8es 13,395 4,697 12J98 2,62J £39,236 £26,173 COVENA14TS Ai¥D DONATIONS RECEfvED 2024 20 30,000 37.719 6,750 30MN) 105267 20.628 Other thTJatioM r1Ved (includiDg Breguot fwdrnijor) £74469 £155J9J TRUSIEE REbluNTIoN Tr Tntte Teceived Temufjwalion or reimbllr8ernt of peNe8 the yer Sa v diXIe0 kn thè Related Party Transacti0ft8Note (nole 7). MrFBrodie w&q paid £4.084 for his ebar8ts a$ As¥8Wii Keeptr. Mr Brfyjle iq a Uveryrnatt of the Wonhipfol rAmpany of Clo¢kthak. An amouni of £1,(0 re5m of Cu[la1 Advigerf$ f¢e was pid to Mr J Brts who menknroethe eowt of of th• Wotshipfvl of aothDkern un¢il IS ]ll¢ 2024. £6,175 wagpiidto theBHI. PartMasterDavldPoolel$ Vi¢+PredoD10f the BHI. JuMin Koultspi$ is aIXre¢tor of the BXI. DT Jam¢8 Ny4 Keith ScobknYollng4 Jonotkn Bet4 Mk Ellioii Philip Wh¢ Roy Hard Jonathatt Hllb, Anthony (3rny. Kobort Wrell, RalplL Baber. Howard N¢wm8ll are•ll metnbers orth• BHE. A totsi of£S.(#)OvA8 avmrdd itLbumiia fw two &uthnts a¢ W¢stlkaty Colle¥4 JynhrWaTdenRcknertWreD Saviting11Tr at the Colle8 £1,812 waipid CharJeB Qisford forpl•phiG F<fjk foT the Vulliully DIY cotalo8ue. Cknrles CYiqrd Is A aDdbiB father isPaBt Magt¢rATJdr¢wQysfcrfwkn 1$ • manb¢rofth¢ Coort of The Chthty paid £1050 toTrwds chuwh clock r¢JwTationwoiec4 exe£uted by The Cmllbria Ch)ek Compthry. of whi¢h Keith Scobi¢-YowJ i¥ a directorrtdJtas A fwthcial interest iti thatcottw. The Clockmak¢rn' ity had LO role in awarding the CODtrad& K¢ith SobitrYcAmgs did ptirticipatr in diEcuggkiJLS about roosed BTWDts. where he wa4 deemed to have a COMM inteffsL Mr Scobie-YounBS i& CUArntty Mssterot Grnits of£iiw13 fwm¢Atozitsg wCrert¢eAV fromth&Line•2 CTrAritsbleFuTxL JottAtbortBetty Dr JaTllesNy4 Keith SEobke-Young8 atkl Ri¢hard Stemjing ar¢ advAsern to the fiuhj. £1564 wL8paid to 14st t¢r Roy H2ryis *M1£4.465 w&spAidtoPasth{asterD]dPoolefOrrfjentsI1D8. Mentoiingpawtswerea150madeto Livery Jcoknnbts 3lld S Kenttety of£5.5TI al £UtKJ re8pe4ilvety #Dd Fffe4nan J of £196. 13
NOTES TO THE FINANCIAL STATEMEN13 (¢•llllDue FOR Thx YEAR ENDED 31 ocfoBER 2024 Th¢ •v¢rn8e mcathly tmthibcf of eoiploy#s duriD8 th¢ oll¢ (2023.. ono). ANALYSIS OFFUND A&8ETS ANDLL4BILITIFS Total Fud F¥Ddg 3,155,674 64.167 535J76 2&815 (2,40T) 2.620,098 35.352 (7,589) Curt Liabilitle8 £3209,845 £561984 £2,647A61 PRIOR YEAR COMPARATIVES Tot Ftxed A8Mt Ittv¢s¢mMts Cunent A$ts Cknent UablUde4 2,883.278 43,805 (443} 600.286 30,484 (3.150) 2282,992 13.321 (1.693) £2922,240 £627.620 £2294,620 IQ APPORTIONMENT BETIVEEN FITND8 iort¢d between the restri¢irA and unrewi¢ted fiiDthFfO rata kn th¢ b&lan¢e on each fixttd xtthc bryinning of the fmancial year or from whert new funds were re¢¢ived th¢ finawi8J yw. Thi$ 18 with th¢ BxrKption of ofthey4t. Sutkny QWDses ar¢ Ollated w the specific fundthey re]at¢ t 14
NOTES TO FJNANCL4L STATEl¥fENT8 (wtln FOR THE YEAR KNDED 31 ocfoBER 2024 ii. Re4trlctod Fund• D Pratt UJr¢Tlct¢d Hth Ddi Sanderl Tappeud 2023 CoM¢¢d•n 2023 2023 2Q23 20 Jr4COME FROM: 85,130 12,764 85,130 73,963 35.521 350 261 70.765 14.054 lJ75 471 Inva%tent in¢omo Rtryl Albert Hall Box I0¢ Cont¢ntsofp<>or Box 7292 7JOI 46,406 35,521 350 261 32,131 Donations r¢¢¢iY¢d 38.634 14.054 268 29 Proflt (logs) ¥al?of uKrchIlc Pmfitl(Lths) on Clocknwkern of IJ07 .442 151229 7292 7JOI 116.068 282mO EXTENDVRE ONI Dwe¢t C>¥itsbl¢ ExpeDJi 70,055 14ffi33 76.828 161 J16 thecb 8JS5 124? 1216 1SJ5J 26,173 78.410 Is 1216 92,183 187.689 NET INCOME BEFORE GAINS 72119 (8J88) 285 23J85 94,401 OTHERRECOGNISED GAIN5 ANJ) (LOSSES) UDr¢ali5ollle¢gab() (8.405) (4,866) (5,864) 130964) (50.099) R¥lised neL8aio1{k)*D ]¢ of 461 1814 17.9JO (3,544) (2,052) (4,985) (13,1)54) (23,635) PAET INCOMY4XXPENDITURE) 69,275 (10,640} ijoo LO,831 70.766 558.345 307.480 215589 I.770.0 2,851A74 AT 31 ocfoBER2D23 £627.620 £296,840 £216089 £1,780,891 £2.922.240 15
NOTES TO THE Ff4ANCIAL STATKMKNTS (¢wtJllued) FOR TUE ITAR FDED31 OCtOBER 2(124 CONTllYGENT LIABILMES Frojn UnTeatrirtl Fwid&' Th¢ Court hos approv¢d attanDual of£5,QX) to We¥tDeaL Coll¢ IJ5