THK WORSHlllFUL COMPANY OF CLOCKMAKERS THE CIA)cioaAKERS* CHARITY YEAR ENDED 31 OCTOBER1•24 Ch*rityNTAmbv 27538Q TRUSTEEDURING ThKYEAR T031 OCTOBER2024 TRusfEE of AssistsnL8 C[￿K DuR￿G THEYL4R Stmoll Gray from l Jamwy 2024 EC2N 2BY AD￿oRs DavidAndtew8 Bsc MBA FCA D￿r]eSP Ro StstreyRH4 3U) Caf B￿LjInIted Kll￿8 Hill W￿1 Malli08 K¢rtME19 4TA Rllthbon￿ Grollp Pk? 30 Greshtzn Stteet Loqd EC2V 7QN TIiUSTEES' ANNUAL REPORT Af4D FINAf4CIAL STATEM￿5 FOR YBEYEAR ENDED 31 OCTOBER 2024 1. 8trll￿ Govern*nee aid M•n4emeut Thts a￿lty li 8ovay)&lbym Tn¥tDeed8 d8ted4 April 1977 6 S*mbtt 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¢ ex￿lIed by the Court rf Th6 Cthrtb88 of rnvi¢wio8 ill upe¢ts of th¢ Ch￿ty kn the￿10& Th¢revieww¢4M 18 opgoillB. L Tyu*tsof thecharlty Th6 fvttd itsrludeg two Tn￿S enthled the'aockmkn Ch&rJty' •fydth¢'ClrAknithrs Q>llcGtlon Fund.. The ￿￿<<•f ¢kn18 the Worshipfjjl CoMp￿Y of ClockmthN whose rwnsil)A]itiu areexercis•Jby its Courtof A8818t￿ts. 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) oh1￿Sanders1rapF¢0de￿ F￿￿1. •) R￿c￿T¢￿ thvelopm¢nt into the fvtyr¢ Tn¢wr¢wt ot timo both mecbAnlcal Dotrmech￿ie4l 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•c￿rd*￿¢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¢fi￿ther80¢¢ of tbe c*jgGuves. Tht Cb&rityoYms theCl¢J¢krAth' Collectiony comFYising*collettitsnofelocks watthe4 too]s, artefa¢t4rwds.paFa4 b￿)k$* ma88zi￿% ephanern, pDTtr&i￿ WVin8sxtrA ctshomlo8icai )￿M￿alld 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¢km*k¢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¢ bothgald￿pllb]ished byth¢ CharityC(ffDmiSBiODiD 1heActivities￿dert2￿nbYIhc Ch¥ritsblv In the pJ¥i rJ￿￿¢]8] ye￿. the Clockmakers. h¥ Jwarded graats toawide variety ofprojec￿ b¢nefLttin8 indivithAI s￿dentS attd trAinxn8 in￿l￿tiOn4 as well u public ¢Jo¢k5 thrnigbout the City of L•DJoD UL in addition to sm•ll THE WORSHIPFUL COhIPANY OF CLOCK￿lKERs FOR YEAR ENDED 31 ocfoBKR 2024 (Comtinlltd) The CollethioD Fwld wjpports the Liknry and Archlv¢. These are avai]able to the publi¢ 8t no Ch￿1¢. either4J open accessorbyPriorap￿itit￿tDt for5cholar]ypwpJs¢s. Thec￿￿Or￿lStatits are $8ti6fied tbat1beM￿￿ Llknry nd Arthive are adminiswed itt line with the Cb￿l￿ble purpow of the Ciwity, and tha¢ they ¢ontnTrJutc tr* the publ iKuefiLbcingop#ntothepublic freelyorbyaTrdngemai fortheu*ofstsd¢Dtsofhomlo8Y.histthiatisandotherintetut￿4 Aehl•v•JMnts and P•rformaDCe Ind Thture •ellvl¢l IDvestm¢fji itieAKnehw to £81236 thisyeaT¢ornporedivith £73,963 itt2023. DDnAtions rec4ived aTKI income thx rEcoverable an)ounted to £74.109 (2023- £70,765X both ye4rs iDGludin8 a th)natioll of £30,000 from thc 6￿0 Dani¢ts The Tnjstse Body ¢on91d￿ that th¢ ty4inémpb¥i• 8lknx￿a be tovrnr& the followi￿ Obixts otth• Chwily.. 1. Support to aDd priw fc* tb• Fyomotionof thd re￿r¢h fortho8e Involv￿ vith prnctical horolo8y3lld the hittory 0ftimeke¢pi￿. ort of the Lord Mayor'$ 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.c￿l of A Hoim¢s Lon8 C88e rareGeorse Ill mzho8aoy lon8¢ase d¢xk with enajllel diAl& Circa 1802 in a fi8ur¢d Ma1￿88￿Y bTr¥k aTch case with fine rnouldings and hood door fl8ttk¢d by stop fluted. rteded and canied cornets and fish sC￿e 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 Horologi￿1 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 resp￿1 oftsainiD8 ard tsJuc8tion. the Hain Stnders T4speThden Fund mide two bursary a￿d8 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 Brit￿h 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￿$. the Ch8rity fonded mentorin8 for the student4 the wlJolB cosi of which was and will CO￿ADUC to be mel by theLinta2 ClwilableFc￿d￿Iti￿. up to atotsl of £Ir￿.(￿O. To 31 October2024 £30,055 hbs Dutillg thg year. frIxD the Un￿tri¢¢ed Fund. the CTr￿1ty rn8de (k)natiorJS forhorokngicalprojwt as fo]hws: L£IDtWardi￿ hrish Church £5￿, Brnsshfi¢ld PCC £1250. All Soints He&thfi¢ld£350, All S¥iDts ch￿￿￿ Thur1&$￿ £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 B￿k inili*tiv¢ 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 $tthts to aeLess etition. ExrxllAt I Membathip, distaoce 325 leA appT¢nti¢u to 8•ill fe￿10￿81 qualifjcthionj li81 for theirlong.ler aod the futtr¢ ofthe Jward¥foT atlaimnent iti Iomy *Klr¢]Ated fiel& 320 (*tttivisiDg sbthts alld ue theirsMdie4 luding At a pc*l.8rnduAtO blig Clwk8 torntioll of ChurthlVillBge Ickth 18,1 toration of hetitsg¢ ¥9ets d presuv&tsm forfij￿T0 . Benefitty the iety of Ctycbrities &029 of pOv￿ty and sU¥)￿rt locktnakn, Collefflio .000 visitors a¢llitat¢$ 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 0￿0B￿R 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¢ lndividualsororwi￿tions 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 s￿ond aW￿d 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 ryo￿16111ty of the Chthity; this to8¢thor with ￿￿1￿1￿￿1￿8 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 s￿der3 Fund nc•w i￿l￿deS th¢ T41penden Fund that w&8 a Te4trithd Fund vrithin th¢ Mugeuin & Edu¢AtioMI T￿#t (M&E TrJst), tr*Drf¢rr¢d to th¢ C1￿kmakery' 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 Pr￿8d￿re 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 CLOCKh￿￿R8 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 Sl*ment of its usrts alld In pr¢wi¥ these a¢¢4utsts th¢Tn4￿is ra]uired kn: maiDtth8uitsbleK¢¢ord8 ￿l￿tranS￿¢￿￿kKhd1th, wlthnoMDthkacwrncy. the fw•DNal pNilionof awity al any tim¢, select suitable ￿0￿ntIng policies and appty them c￿siStenty, slate whether the accounting policie5 in aecorth)¢e with the Charity Cthttthis5ion's -ACCou￿ting •1 R¢wtill8 by Cbarities: St*ement of RecommeD&d PAdie&' pubii*d 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 tOpreswneth￿thèchUltyW1II conti its xtivitiQ5. make judgen￿￿￿Tra e4thnaw 4rnreuonable andptud¢n U8rd th¢ &ss¢ts of tho Cillrity, take rea80￿bk s¢ps t0pr¢V￿ attd d¢*ct f￿￿1 *KI tsth¢r itt¢8utsri1i￿. {a) (bl (o) (d) (•) (o The Th￿1¢¢ IB empDwu•lby the Th¥t D¢¢d ￿ inv￿ funds at its d>solut¢ disc￿￿0￿. Onb¢hHlfofthe TNste4 Keith ie*YowFBHI ACR INDEPENDENT EXAMINER*S 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 ex￿1 I reportin rw of my of the TNst'$ •xounts as ¢4rri¢d out und¢r sxtion 145 of the 2011 Act. Jn outmYèXamu￿fth I have followed th¢ requir¢meots of the appliGable Dire¢iioM given by the Cb•rityComm1￿ion uDd¢r 8e¢tioD 145(SXb) of tbe 2011 ACL IndepethdeDt ￿•￿Ine￿I￿AtrI￿tllt any material rc¥ttL' awounting Fxre notkepl In rel￿10fth¢ ¢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¢Dtsth￿rn1ftg the form aod ¢t￿lentOr acrfwnts in the Chwitiel (AtKoun¢sHnd Reports) Regulation$ 2008 other thBn anyravir￿Cnt 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: I￿11￿$ 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 TApPej￿1O 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 T*ppenden 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 n￿￿bandI9¢ 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: Db*t 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) 7￿52 18,836 12,423 94AOI OTHERRECOGNISED GAJNS AND (LO&SL4) Unrealis¢Jl net 8•￿) inV¢Styl￿ts 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 $bO￿ innote 11. 10 FOR THE YEAR ENDED31 OCTOBER 2024 acCordall￿ with FRS 102 Section IA aJMI with the Clwilies (AceL￿ats and Rqjorls) Regu]atioM 21108 •ndthe Clwiti¢5 Act 2011. Th¢ Charity tbe ClockniakeT3' Coll¢¢tkm, d￿Alls of which are li5(ed ID seAloJ 3 of the Ilwtem. RWL No￿lU￿10￿ of this CollgcttQD is Indlld￿ i0th￿¢ fjDatt¢iai stOtem¢n IDvNtyients included atclosing mi&m8Tket value at the Ba]tr￿ Sl%etd•t& Any 8•1tt orloBS otsttv•lua or di4￿81 1$ t•kett to the StAtrmeot of Finw￿la1 Activiti6 Stoek li v41ue4J ￿ the low¢rof ¢Mt rynet rul£sthla voiutr. ply￿1& knusozles •nd ￿ otlw tXpeDdI￿ *r* for wbtrl tbe ob]i8•t￿ni* pD)bthlL Pooled Fund• Duek Tr*ttFwd J.980.46J 115.682 (1082(￿) 5,705 242,202 211,885 10917 (2J381 (231) 27￿06 2.192J46 126,599 (110.738) 5,474 269,708 Additio Proceeds of dtspogAI8 Realls￿ (los5)I￿1￿8 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￿ Hi*wl¢¢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$P￿IllIon at31 Octobcr2024 £35,298 Net bor￿ Va￿￿t 31 Ckth2024 £17.650 N￿l￿DkV9llltsat 31 O¢trtKr2023 £35299 li WORSHXPFUL COMPANY OF CLOCKMAKEILS THE CLOCKMAKERS. CHAiurY NOTES TO nNANCIAL STATEMEM (eontlnued) Th¢ Royal Albert H￿1 Box b4ueathed to the Wot5hipfvl Company of Cl(thpkers' ch￿lty by the I Re8itiald Beloe. The Charity re¢eive8 income from the Premium Ti¢ker ReDrn Seheme opernted by th¢ H The Box ww valued by th¢ Tws1e¢s Én 2017 ataMarke¢V8b* of £650.1)W. aTJd this was r6vlew*J by the F&RPC in 2023 and leftunchanB 21n4 24,129 13.030 2.140 M¢rktorin8 f¢¢$ DiplomAS CA>n8ervatlou of Mell￿1￿1 Subscripiioos 500 lJ98 225 506 494 505 430 Livery Schwls Showc C&lk¢torJ' C*blDet Display materi￿$ Di8itAi rAlalo8ue Trnv DI￿1Y #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$ cA￿￿or.$ ¥thry and penskn eo*J (auatt￿lal 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 d￿lI1$&t100 29,028 23.￿0 HMIR Sanders Tapp¢nd¢u Avmnl HST Awarfs alld 16.145 11,803 14h33 14.054 £173,347 £161￿16 12 N(yrESTO TUE FINANCIAL STATEMM (tontlnlle FOR THE YEAR ENDED31 ocfoBER 21124 mANAGEME￿r AND ADMINISTRATION OF THE CHARTrY 2024 3.269 17,875 2,150 Porfo]io &fvis0ry Gbw8es 13,395 4,697 12J98 2,62J £39,236 £26,173 COVENA14TS Ai¥D DONATIONS RECEfvED 2024 20 30,000 37.719 6,750 30MN) 105267 20.628 Other thTJatioM r￿1Ved (includiDg Breguot fwdrnijor) £74469 £155J9J TRUSIEE REbluN￿TIoN Tr Tn￿tte Teceived Temufjwalion or reimbllr8ernt of ￿peNe8 the yer Sa￿ v diXI￿e0 kn thè Related Party Transacti0ft8Note (nole 7). MrFBrodie w&q paid £4.084 for his ebar8ts a$ 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 aothD*kern un¢il IS ]￿ll¢ 2024. £6,175 wagpiidto theBHI. PartMasterDavldPoolel$ Vi¢+Pre￿doD10f the BHI. JuMin Koultspi$ is aIXre¢tor of the BXI. DT Jam¢8 Ny4 Keith ScobknYollng4 Jonotkn Bet4 M￿k 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 Savi￿ting1￿1￿T￿r at the Colle8 £1,812 waipid ￿ CharJeB Qisford forpl•phiG For 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 uKrch￿Ilc Pmfitl(Lths) on Clocknwkern of IJ07 .442 151229 7292 7JOI 116.068 282mO EXTEND￿VRE 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 4￿61 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 F￿DED31 OCtOBER 2(124 CONTllYGENT LIABILMES Frojn UnTeatrirt￿l Fwid&' Th¢ Court hos approv¢d attanDual of£5,QX) to We¥tDeaL Coll¢ IJ5