THE WORSHIPFUL COMPANY OF PLAISTERERS CHARITABLE TRUST
[REGJSIERED CHARITYNUMBER.. 281035]
REPORT AND FINANCIAL STATEI MLI NTS
for the year ended 5 AprÉl 2022

THE WORSHIPFUL COMPANY OF PLAISTKREI RS CIIARITABLE TRUST
CONTENTS
Page
TTUStees' Annual Repoit
Report of the Independent Examinet.
Statement of Financial Activities
Balance Sheet
Nolcs to the Financial Statements
10-15

The Worsbipful Comp>ny of Plaistei'ers CliarÈtable Trust
Reference aiid Admittisti'ative Details
Cli81'1ty Najne:
Tli¢ Worsliipful Cotnpany of PlaisteiErs Cliai'itable Trust
Charlty Regtsti'ation Numbei.;
281035
Pyincipal Office:
Plaistei'eis, Hall
l London Wall
LONDON
EC2Y SJU
T*ustÈÈs:
Mr P R A Baliei., Past Mastci. & Chainnan
Mrs M A Coates, M&8tei'
Mi's B Cook, Liveiyillan
. T A W Edwards, Liveryll)an
Aldernian A J Gowman, Deputy Master
Mr W P Mahony. Past Maslei.
Coloi)el G S M Manger, OBE, Clei'k
SoliciÈoi';
Williain Sturges LLP
Buiwood House
14116 Caxlon Sts'eet
LONDON
SWIH OQY
Banker:
National Wc8tminster Balllc PIC
St. Paiil's Bl'anch
Siixton Hause
98 St. Paiil's Cliurchyard
LONDON
EC4M 8BU
Independent exHminei':
Moore Kiiigston Smitli LLP
6 ' Floor
9 Appold Street
Loiidon
EC2A 2AP
Investment Manager
Ratlibone Investtnent Manag¢nienl Ltd
I Cwyon StsEet
LONDON
WIJ 5FB
Page., I

Tlie Woi'&hipful Company of Plaistei'ei's Clhai'itable Tiwst
Ti'ustees, Repoi't
IUNCIPAL ACTIVITY
The Chaiitable TI￿st 8UPPOrts individuals and charities ill &ccoI'daiice witli thc Objects of the Ch￿'Ity as
stated in the TI￿st Deed dalcd l Juty 1980 and as furth¢r explained in the Gi?nt8 Policy atated bclow.
Its incoine ai'iscs fi'om The Woi'shipfiil Coinpany of Plaistcrers and fi'oin Freemen and Liverymen of thc
Company> togetlier with investm¢nts and other donationsy gifts and legacies.
Bursaries, grants and otbei. donations and cl)aritable exp¢nditure are decidcd upon by the Truste¢s, who
consult witli tlie Court of ASsist￿ltS ￿ld other interested partics, where appi'opiiate.
GRANTS POLICY
The Trllstees consider..
(i) Gi'ants to nienibei's, widows and dieii. dependents in need.
(LL) Educational ￿ntS in fiJrtliera])ce of training and education in plastering.
{iii) Educational Grwits geiierally, inclllding Cathedral Choii. Sdiool BursaLÈes, and other music related
bUi3￿.1e$.
(iv) Gellei'al Chai'itable Gi'ants widi a focus plin￿'dY on..
{a) Chai'ities and worthy causes with a plasteriiig eniphasis.
(b) City of London l London charities with a "people" focus towards tlie dtsgbled and
dÉsadvanlaged,' Èmd
{c) Ch81'ities c(stwect¢d with HM Arined Forces andloT Jnusic educalioa and traiiiiiig.
GOVERNING DoCur￿ENT
Th¢ fund is govern¢dby a Tiiist Deed dated l July 1980. The Tnistis establislicd foi'charitablepuiyoses.
Any capital oi. iJ3come not I'eqiiiiEd for tlie charit2ble purpos¢s of tlie Tiust Can be invested by the
Ti'llstses. Thc Financial Statements and AccoLints prep￿'¢d annually comply with th¢ TrLiSt Deed.
TRUSTEES
In aceoi.d8nec with the Ti'iist Deed, the Custodial) Trllstee is the Woi'sliipful Comp8ny of Plaistei'ers (Ihe
LÈv¢iy Company) and the sev￿7 Maiiagitig Ti￿Ste£S al'e.. The Maslei., Deputy Master ai)d Clerk ex-
officio (foi. the time being). togedier with two Past M&stei's 2nd two Liverymtn. The two Past mast￿.$
id two Liveryjnen are appoiiited by tlie Court of Assislaiils of the Worshipful Company of Plaistei'ei's
aiinually al the July Court Meeting,
The Twslees who act duriiig the coiii'se of tile fiiiancial year would norinally reflect the changes niade
fi.oill the date ol'installaliotTr of tl)e i)ew Master, Deputy Mastei. and Clei'k, at tlie July CouLt Meeting, a8
well as the appointrnent of any new Past Master or Liverymen Ti'uatees. PL'inwily due to the coronaviti]s
pand￿1]le, all the existing Tiiistees wei'¢ re-appointed to offiet on 20 July 2021.
Page 2

The Woi'8hipful Company (Trf PlaisteL'ei's Cl)ArAtable Ti'ust
Trustees? Repoi't
The Trnstee8 who acted during tlie finarA¢iaI year wu'e as follows..
. P R A Bakei., P8st Ma8tei' & Cliaii'nTrn (Ro-appoinled 20 July 2021)
Mi's M A C08t¢s, Master (Re-appointed 20 July 2021)
MT% B Cook, Livei'yman (Rc-appointed 20 July 2021)
Mi. T A W Edwai.ds, Liverytnan (Re-appointcd 20 July 2021)
AldeLThatt A J Gowmaii, Deputy Master (Re-appoiiited 20 July 2021)
Mr W P Mahony, Past Mast￿. (Re-appDiiited 20 July 2021)
Colonel G S M Manger, OBE, Clei'k (Re-appointed 20 July 2021)
RESTRicfED FUNDS
Tbe Manchester and Salford Fund
Established 2002 by a Gift of £50,000 (with an additional £l.000 in 2004) from tl)e Tiijstees in the
windii)g tsp of the Manchester, Salford and Dists'ict Building Trades Eiiiployei's, Associ&tion. Tlie fund
is designated to support edueatioi) ￿]d training in the plastering industiy.
Restricted Trolnlng Fund
Established in 2007 witli a gift of £IOO,000 fi'oin ag¢na'ous benefactor, the aini of the Fund 18 to Supporl
and maiLilaill tlie quality 3iid diversity of plasteLing and diy lining skills in die UK. With the agirem¢nt
of t])¢ doiioi. this will be a¢hi¢ved by way of bui'sai'ies.
Witli the agi'eemcnt of thc daiioi. of each of the above funds, thc Ti'ustees resolved to inve&t the capital
of ea¢li Fund to oi'eate income to achieve tlic Fmids, ii)dividual aims. It was also a￿ted by the donors
of eacli Fund to apply thc Ch&'itable Tiusl's Rcscrv¢s PoliLy, desa'ibed on page 5, to the ineome
gett￿.8ted fi'om the investments.
Tlie Trustees I'c&olv¢d on I l June 2015 to amalgainate tlie two funds, liencefoith to b¢ known as 'Tlie
fvffjaLchestei' and Salfoi'd aiid Restricted Ti'ainiiig Fund,.
The Spui'li]ig Ilursary
Establisl)ed in 2018 by a genei'ous donatioii of £50,000 made by Liveryman Andrew Spui'liiig in
recognition of the 200th AtlliiveLEaiy (1817 2017) of some twelve Sputling family membei's of the
Lsvei'y, of whoiii sevenwere fol.in￿. Mast￿'S of tlie Coinpany. Tli¢ ineome froni this donatioi) is curreiitly
beiiig used to support a bui'sai'y for tli¢ ￿rtI)￿an¢t of educatiorA and ti'aiiiillg of A plagtei'ei. ill heritage
plastei'ing skills.
Page 3

The Woishipful Conip&ny of Plalstei'ers Cliarltable Trust
Trustees, Repoi*
DESIGNATED FUNDS
500, Anllivei'sary Fund
Establislied to eomiiieinoi'ate the 500th Ar￿]Va'S&1Y of tlie ￿'anting of the fii%t ChaiteA' to ThE
Woi'sliipful Company of Plkistei¢Ls in 1501, Th¢ income fi'om this futtd CUlTcntly supports & choi'ister
at St Paul's Cathedral.
Harry Humber f4 und
Establislied in ni¢rnoi'y of Past Mastei- H￿ry Humber. In the past tlic income has suppoi'ted a bui'sary
foi. a post ￿'adUate student at the Guildl)all School of Musie and Di'aina but may be used foi. aiiy music
relited educational need. The Ti'ustees CUrr￿lt1Y this Fuiid to provide mus￿c4[ education aiid suppoit
to lielp young people sing) particulai'ly in piimary and seeondaiy schools located in impoverished areas
of Lolldoi) whei'e no such mLlStcal fa¢ililies curreiitly exist.
Heni'y Mott Fund
Establislied in meniory of P&st MastEi' Henry Mott. Thc income SUPPOLts a choi'isler at Peterborougli
Cathedral.
Ti'ansfeis fi'oiii th¢ Ullrestrieted Ge￿￿'aL Fund to llie DebiLTnaled Funds are iiiade, whci'e necessary, to
ensui'¢ Ilial the Tn]st meets die oiigoing objectives of 1￿CSC Funds.
The PlxtinuTri Jubilee Fund
During tlie financial yeai., ille Tiii8tccs considd'ed a pi'oposal to establish a Platinuin Jubilee Fund to
niai'k HM Tlie Queen's PlatinuLn Jubilee dui'ing 2022 and agreed to pi'ovide a suiii of £5a,ooo to be
allocated as one-off grants to foul. of the Livel'y Company's Military AffLli2tcs and Peled)oi'ough
cathed￿1. all of whom share signifiwt anniversaLies witl) the Lively Conipany and the Chai'ily dui'ing
2021122.
At the Januaiy nieeting of thc c.ouit of Assistants, thc Lively Company resolved to Jnalch thi￿ dllocatioii
and made a gift of sh&'eg lo dic ch￿'llY to tlie valuc of approxiinately £50,000, which were siib.%eqiiently
encashed, thereby cslablishing a total fund value of £lOO,000.
Thc chai'itable organi8ations selected by tlie Ti'ustecs ￿]d the level of onc-off gi2nts agn'e¢d lo be paid
'e as follows: _
Royal Marines Association (The Gordon Messenger Centre)
SRR Association (The PlaisteiYi3' Educational Fund)
IIMS Dragon
282 (East Hain) Squadron Royal Air Force Cadets
Pelerboi'ougli Catliedrnl
Only one ￿'all1 was paid dui'ing the cui'i'ent fiaaiicial year, nRinely the £15,000 gr8111 to Ilic SRR
Association. The £45,000 gr&it to tl)e Royal Mai'ines Associatioii was paid .%lLOi'tly aftei. the fiiiancial
yeai. end and it is antlCLPated tlie reinaining grants will be paid dw'iiig tlie financial yeai's 2Q22123
(Pelci'boroiigh l￿d 282) aiid 2023124 (HMS Di'agon, wbkcli is cun'eiitly in a naval thickyard undei'going
a niajoi. refit until tlie spi'ing of 2023}.
£45,000
£15,000
£5,000
£15.000
£20.000
Page 4

Tlio Woi'shipflll Conipaiiy of Plaistej'ei's ClhAi4table Ti'u5t
Trusteey, Repoi*
STATEMENT OF TRUSTEES RESPONSIBILITIES
Th¢ Chai"ity's Ti'ustees ￿'e i'egpoiisible for p1'ep￿Ing the Annual Rcptht aTJd Finaneial Statements
accoi'd&tice with applicable law and United Kingdom Accounting 8landai.ds (Uiiited Kingdoin
Generally Acccpted Accciiinting Practice).
Chai'ity law i'equii'¢s ibe Twstces to pi'epare financial 6tal¢inent for Bach financial yeai. which give a
true and fail. vicw of tlie state of the charity aiid tlie incoming I'esouyccs and application of r¢soui'ce$ of
th¢ ¢liai'ity for tlial pci'iod. In prepai'ing those finaiicial statements, tlie tNstees are requii'ed to..
a) $elect suitable accouiiting policies and apply them coi)sistently)
b) observe the niethods aiid principleg itt tl)e cI￿1.1t1eS SORP.
c) iiiake judginents and esÉimale8 that are ieasonable and pi'udenl,.
d) state whelh¢i' applicable accounting standai.ds and stuLeInellts of i'tconimended practice
have been followed, subject to any depaituirs disLlos¢d and explaiu¢d in the financial
stat￿1]ents,.
e) pi'epare the fLllancial slateineiits on the going concern basis unle&s it is inappi'opriate to
pi'esiiiiie tliat tlie chaiity will contiiiue in operation.
The TI￿Stee8 al'e responsible for keeping propel. accounting I'ecoi'ds that disclose witli i'easonable
acciii'acy at any timc tlie finineial iiosition of the Cliw'ity, 8nd which enable tLi¢m to ensuiE tliat tLie
financi)I statements coinply witli tlie Chaiilies Act 2011, the Chaiity (Accounts and Rei)orts)
Regulatiolls 2008 aiid the pi'ovisions of the Tnist Deed, Tliey al'e also i'espuLISLble for safeguarding tlhe
assets ol the CbaL?ty aiid hciice foi. taking reasonablc 8tcps foi. the prevention of fi'aud aiid otbei.
llYegul￿.Itic$.
Approved by the TT'u5tees #nd slgned on their behalf by:
PRABaker
Ti'ustee
Date:
Page 6

INVESTMEI NT INCOM
The"fnistees loolc foi. a 'totsl i'etui'ii, foi. inconie coiiibiiiing capital gains ai)d iiicoine. Tlie perfonnance
of tlie funds showed a suiylus in tlie net inov¢Jnent of flliids of £85,101 tliis year (2020-21.. £614,105).
This bi'ings die total funds to £2.5 million (2020-21= £2.4 iiiillioD). Withiii tliese figui'es, thete al'e net
Ltalised and uw'ealised gatns on iiivegtinentg of £93.988 this y¢￿. against £573,920 last year.
PUBLIC BENEFrr
The Ti'uste¢s liave had i'egard to, è)nd are fully &wai'e of. the guidallce on Public BenefLt issued by the
Chai'ities Cominission and havc taliell notice of tlii8 guidancc in all I'elEvant discussions on distiibutioiis
of grants and butsai'ies. Dui'iiig the year £145,416 {2020-21'. £51,245) was distiibuted to Val'iOUS ￿olIps
of i'ecipients as follows..
130/0 111 the fui'ih¢i'ance of educatioii and ts'ainiiig in plastBI'ing
250/0 in bui"89ries lowai'ds tlie education of Choi'isters and the provision of financial siippoi'l
fai. Inusical education initiatives lo schools in iinpoverished ai'eas of the City of Loiidoi) and
Gi'eatcr Londoii
. 55Q/D to HM Aimed Forces benevolent funds
3 /0 to the LoLd Mayox's Appcal
IO/%) to die Master's nomillated clL%I'ity {Tli¢ CliÉlth'en's Society)
3 % to othei. registered cliariti¢s in die City of London and Greater London aira
RESERVES POLICY
Tlie Trnst is a gJant-mal(ing tI￿st, wliich deiivcs its income from don&tions and ittvesiments. Ill i'ecent
yeai".% the Tiustccs have SI￿]Ificant1Y built up tlie charit&ble foundation to Dvei" £2.4 iiiillion by
liiniting distributiun¥, moviiig investsnents into equitics aiid i'eceiving la]gc cquity transfei'g. Wliilst the
Ti'u8trKs wisli to continue to iiicreasc tlie capitsl r&sei'ves, at ihe sain¢ timB they also wish to inake an
ittcJras¢ in charitable gi'ants, subject to an oveA'all inei'easc in tlie available in¢oniing resoui'ceg.
RISK ASSII SSMENT
As described in the foregoing g¢¢tioii die Ttustees have adopt¢d a I'eseLves policy wliieh is destgiied to
inci'ease tl)e assets of tlie chai'ity ovei. time to eiisuie its loiig-tenn futui'e viability as a gi'ant-maliiiig
ust. Tliey have reviewed the i'tgks tliat ¢ould possibly be faced by Ilie charity aiid al'e satisfied thai by
lakiiig a ¢on8ervative view, they al'e initl8atiiig the risks to wliicli the chaiity nydy be exposed.
Page 5

INDEPENDLI NT EXAMINER'S R￿1 PORT
THL WORSHIPFUL COMPANY OF PLAiS'fEREI RS CHARITABLE TRUST
FOR TIIE YEAR CI NDED 5tli APIUL 2022
l i'epoit Éo t]￿ TI￿St￿s oi) exrtniinalioii of Ilie 8cfjouiits of thc Worshipful collip￿lY of Plakslerers Cli81'itable Ti￿81
(tlie Tiust) foi. tlic yeai. elided 5 Api'il 2022.
Respo115ibilities basis of i'tpox't
As tlie ¢harity tiiistees of the Tiust yoii responsible foi th¢ prepayation of the a¢¢ounts in accoidattte witli the
rcqliilEn￿1its Ot'tlie aiai'ities AGt 2011 {'the Act'l.
I retK>it ill respect of iny ¢xamioation of the Trnst's accoLlllts cJrried oiit under section 145 of the 2011 Act and in
aftying OLltJny examination I liave followed all tlle 8pplitableDirwtion% 8ivell bythe Cliai'ity Cominission uIidei' s￿li0n
14515Xbl of tlic Act.
Indepeiident exam1￿er'S stalenient
I liave coinpleled my exaintiiation. I confirni tliaL no tiiaterial iiialtei? have comc to iny attention in conDtGtion wid) Ilie
exatnination giviiig me cause to believe Iliat iii &lly i}￿terial respect..
atto￿nting rccoi'ds were not kcpt jm I'CSPeCt of tlLe Trust as required by section 130 of the Act,. tsv
tlie accounts do iiot accord with tlioge records. oi.
tl)e accouiils do JLOteoiThply witli tlje applicabl¢ IEqiilr¢ll￿nIs collc¢rniiig Ilieforiii alld eonlent of accoulits set
out itL the Cli&riti¢s {Accoullts ajid Repurtsl Regulation$ 2008 otlier Ilian gny i'cqlliirmcjit diat Uje accounts
give a'true fail. view, wliicli is Thol a nulter Lunsidtred a5 part of att independent examinatLO
I Iiave iio ¢onterJJs aiid liave Bojiie aci'oss iio other iiiatteTS in conNectioiiwith the examinalioii to whicli •tteDtioD sliould
be drawn in Ihts I'q)ort i]1 ord￿. lo eiiahle o w'opcr undersl*iiding of th¢ a¢¢ouiils lo be reaelied.
Luke Holl FCA, P41'tiiei'
beh4lf of Mooi'c Killg$toii Sinith LLP
C112rteiEd Accountants
6tli Floor
9 Appold Street
Londoii
EC2A 2AP
Date..
5 September 2022
Page 7

THE WORSHIPFUL COfvIPANY or PLAISTLI RLRS CHARITABLE TRUSI
STATEMEI NT OF filNANCIAL ACTIVITIES
FOR THE YEAR EINDfiD 5th APRIL 2022
Uiirt5trlcted Restrleted Totskl fiullds Uiii'esti'leted Restrtcted Total Fu]Jds
Fllnds
Fuiids
2022
Fuiids
ruiids
2021
Notes
IncoiDt and eiidoivments
Donations and legetxes
Investment incoine
95,481
95,481
65,437
28,255
65,437
35.185
100622
TOTAL INCOME
138,992
146 950
JLXPENDrruRE
Costs of iTrising fullds
Inve5tinentMan&gement Costs
4,386
150220
154,606
802
429
5,188
150,649
155 837
3,803
51,294
840
4,500
4,643
I'OTAL EXPENDITUR£,
60,437
NET OPERATINC
INCOMEIIEXPKNDITUREI
115,6141
6,727
18,887)
38,595
1,590
40,185
OTHEtR RCI COGNISfi D CAINSIILOSSES)
GainllLos8) on lilv￿tt￿ents
79,503
14.485
484,863
89,057
573.920
NET INCOMEI{EIXPEI NDITUREI
63,889
21212
85,101
523,458
90,647
6I4,105
Gross trattsfers between fw)ds
21,212
{21,2121
90.647
190,6471
NET mo1￿MENT IN f4UIYDS
85,IOK
85,101
014,105
614,105
RECOIYCILIATION OF FUNDS
Total fiinds bi"ouglit foiwatyl
12
2,1 11,434
297,049
2,408,483
1,497,329
297,049
1794 378
BAknKNCES CARIU14D FORWAtu)
2,196,535
297,049
2,493,584
2,111,434
297,049
2 408 483
All amounis relule to continui#g activities. All i'ecogni5ed gains aiid 105Ks are incliided in the Statement of Financial Ac¢iviti¢s.
Page B

THE WORSHipfiUL COMPANY OF PLAISTERERS CHAIUTAHLE TRUST
BALANCL SHEEI T
AS AT 5tlJ APRIL 2022
Notes
2022
2021
FLXKD ASSETS
Investtlleiits
2,529,758
2 389,542
CURRENT ASSEI TS
Debtyrs
Casli at BaT
8,838
45.326
54,164
8,593
23,600
CURREI NT LIABXLITIES
Creditors- falling du¢ withitt Olle ye&i'
io
4,659
NET CURRENT ASSETS
18,941
NEIT ASSCÉTS
2,493,584
2 408.483
FULYDS
12
Resti'ltted
UnYe5ti'ltted
297,049
2 196,535
2,493,584
297,049
2,111434
2,408 483
Ti'uslee
PBge 9

THE WORSHtPFUL COhlPANY OF PI.AISTERERS CHAIUTAIILE TRUST
NOTEI S 1,0 THE FINANCIAL STATEI MLI NTS
IOR THE YEAR ENDED 5t]J APIUL 2022
CCOUNTINC POLICIES
{a) Ba518 of Pi'epargtloll
These fjnancial statcn)eJJts al'e prepared OD a goillg ¢oncetn basis, under tILe lii5torical cost coiiveiEtioTr, ts
odified by the ievaliiation of investn￿￿tS being nieasiired at fa￿ valiie tlllDiiglJ intorne and expendituiE within
the StJtcm¢nt of Finaiicial Activities.
Tlie financial statetnents have beeii prepai'ed in aceoi"doMce will) tlie Fi￿7￿Cial ReporlinE Standard applicable in
(he UK and Repiiblic of Il'eland {FRS 102). Tlic Cl)ai'ily is a public benefit entity for the pui'poses of fRS 102 &nd
theT¢fore the Cl)arity also piepattd its financial slateiiienls in gccordanee witli the state￿nt of Recomniended
Piictice applicable io chat'ities PiEpai'ing their accoiints tn ac£oiYtattce witli tlie finattci21 Repot'ting Standai'd
&pplicable in Ihe UK and Rei)ublic of Ireland (Tlie FRS 102 ch￿￿tleS SORPI and die ChaYitie8 Act 2011.
The fiiiallcial 8toteTnents areyrepared in Slci'lin& whicli is Ilie fiinctional currency of the ch21'ity. Monctary
all￿UllIs in these financial ststemeiils are i'oiindrd lo (lie neai'e8t poiind.
Theprincipal accountingpolicEcs adopled in the prepai'althon oftli¢ rjJ￿IlesaI $latemenis ale set oul below.
Ib) Ifund Structui'e
UlliEsti'itled income furjds aTe fullds that are awdilable for list at tlie tTUStces' discittion in ful.1hef￿]ce orth¢
objectives of Liie chdi"ily,
Resli'iclcd fullds al'e Iliose donated foi. use iiiparli¢ulai' aLra or for sproifir piiiposes, the u8¢ of wJ]ich is
I*Slticted to tliat area 01 purpose.
Dcsignatcd 21'e u￿eStriCted fvtlds sel aside at the dis¢Letion of 1¢Wtc￿ foi. specific pwpos¢s.
F￿'t11t1. details of each fi]lld disclosed iii nolc 12.
(el Iii¢ome
l ineoin¢ is i'ecognised in tlie St#teinent of binancial Activities (SOFA) when die conditiall.% for irceipt have
beell Inet 4iid receipt is prDbable. Where a ¢l&iLlI for repayllient of incoine tax lias been ai. will be mad¢, such
iii¢om¢ is ￿1)sS￿d up for the taxreeoverable. The followin£ accourttll￿ poli¢i¢s aTe applied to differellt
categoi'ies of incon]e'.
Gi'aiJt$ *nd DoiiAdons Reeeivable
Glints and Donations are recognised in the SOFA ivlicTr conditions forre£eipt liave been complied witli.
Investinejit Iiicome
rntere5t irceivable on depo&il and Sec￿l.111cS is accounted for as il ac¢ll￿s. Dividend incorne Teceivable on
s¢Guritie5 is accoullled forwhell recckVEd by die invcstmenl manager.
{dl Expeiiditui
Liabilities are ItCO8nised as exp￿Id]￿lre as soon as Iliei'e is g legal oi. con8ts'uLtive obligation c4)mmitting the
oliaTity lo ilie expendiluir. All exi)endittii'e is acLounled fai. ox] a￿lit￿lS basis and has ￿en classified ulldtr
lieadings diat &¥wegate all costs T¢la￿d to die category. Tbe following accoiintitL8 poliLi¢s are applied to the
diffeiEnt categories of exp¢iidituie'.
Costs of Raising Fund5
The Costs of iai$ing fvnd5 con8lSt of investiiient i?Janageiiicnt and eei1ain legal fe¢$.
CILwrltable Act[￿tIeS
Dorjations payable are recognised wljcn dicy are appiDved by Ilie Trustees and ttse i'eeipiellt of tlie graiit l)as
been informed of ttLe an￿Ullt to bc paid,
P8g6 10

THE WORsH￿rI UL COMPANY OF PLAISTRRfiRS CHARtTABLK TRUST
NOTEI S'l'o THE FINANCIAL STAI'EI MENTS
FOR TEIE YEI AR ENDED 5th APRIL 2022
ACCOUNTINC POLICIES (Con(Inued)
Govei'iiAiiee Cfj5ts
GoY¢i"J]Ance costs compr55c &ll costs involwng the public aC￿ul1tabil￿ty0f the dI￿.1ty and its compliajjce witb
Irgiilation Aiid Eood practice. Thes¢ ¢osts tJcludc costs related to slaliitoiyaudit fee8 togetbeL WÈth siipport
05ts.
{e) Fixed A$stts
Jnve$tnients ale ststed at marktt Yalue at the Bal&rtee Sheet datr. The SOFA includes the llet gains and Ioss¢8
on i'evalLifjtion and disposals tlirouWioiit tlie year.
lfj Reol15ed XEid Uni'eallsed Gaiiis Ltssses
All gains 2nd lo&ses ale lakeii to tlie SOFA as tliey aiise. Realised gaffts aLd losses OJI inVE5tmenL% a¥e calciilawi
as th¢ difference btlween sal¢s piDceeds and openin8 11]arkct valiie (piircli*se date if later). UnrealiBed gains alld
lo£se8 are cal￿￿14ted 8s the differe￿Ce beiween the tnarkel valuc at tke year end and opening markel value {or
purcliase dale if latei).
{g) Go5ng Concern
Tlie TTuslees liave assc55¢d wbether tlje use of tlie concein basis is 8ppropi.iate and liavc collsidei'ed
possible ¢vertis or conditions tlidt llll&TlIL casl significani doubt oil tlie ability of tl)e Cbaiity to conlilluc as d going
cottccrn llicluding Covid-19. Tlic knvstees liave iiiadc Iliis asSessn￿￿t for a pcriod of at leastoiie year froni tlje date
of appi'oval of the financial statei)ients. In pai'licular Ilie ttvstees Iiave Lunsidered Ilie chaiiLy'8 foiec2sl8 aiid
projectians and ljavc taken ac¢ouiJt of ￿'t5&U1'Cs on donation and inyeslinent inLunie. After making enouii'ies the
It￿SteeS have cancludtd Iliat li1￿￿ is a reasonable expectation Iliai the clwity hos odequate i'esources to continue
in operational existence foi. Ilic foresecable fiiture. The c[￿rIty Ilier¢foi'e corntillues to adopt thi goin8 COJICCL"n ￿1$
ill pr¢paKing its f￿ancial stalElllClIts.
{lJ) IIIna￿Cial Instruments
Thtr chdl.ity lias electtd to gpply the PLDwision5 of Sc¢lion I I 'Basi¢ Fi￿a￿tIal liisttuinents of FR8 102 to all of
its fillancial iiisttumcijts. Fillancial insliuiiients are reco￿11£ed iii tbc cliai'it)1s b*lance slieet tlie cl)arity
be¢otnes pai'ty to tlie cunbdc(ual pi'ovisions of the insliwniejit. Financial asscts aiid liabililies ali offsel, with the
llet amoiitttg pies¢llted in die finaiicial stat¢metst$, wliert there is a legally cnfoircablc l'ight to set off tiic
recognised amouttts alld Ui¢re is an intention to s¢ltlc A ttet basis or to iE81i5¢ die 8sset and settl¢ tlie liability
siinultantously.
Witli tlie exceptions of pi'epayni¢nts and dcfcnEd ineonie all ot11￿. dcbtot and ci'editor balanr.es lire consideiEd
to l)e basic fillanci81 inslriinients uiider FRS 102. See note% 9 and 10 foi. tlie debtoi% and ci'editors notrs,
{{) Caslk aiid Casli Equivalettts
Cash and cash equivalcnts include cash irt knand, deposs15 lield al call witl? banks, otltei. short-te17n liqu3d
ittvestn)ents with oiiginal rnatuiitieE of thyee ￿￿ttl1]s or less.
(Jl Key E$timAtes and Judgernertt5
lil preparing fmancial siolertients it is iiecessary lo rtTrke certain judgeinents, eslirnate5 and assumptions tliat aFfecl
the aillounts itCO8nised in ilie finaiicial stateinenls.
In Ilie view of the Tiusttts in applyilig the accounting polioies &dopted, no jiid¥emenls were required tliat Iiave a
significajit effeet on the amounts ircognised irt tbe flnancial slaltmeni$ nor do allye5titnaies or as8UlllPtiOEIS 111ade
carrya significant risk of mllterial adjustiiieiit ill tl)e ttext fJnallc5al ycar.
P8oe 11

'rHE WORSHIPIIUL COMPANY OF PLAisf£i RERS CHARITABLE TRUST
NOTES TO THE fiJNANCIAL 8TATfi MCI NTS
roR TIIE YEAR E4 NDED 5tlI APRIL 2022
DONATIONS AND LEI GAClfS
2022
2021
Appeals and donations
Doiiaiion froih Woishipful Con)p2ny of Plaisterei
45,481
50,000
65,437
65,437
INVESTMENT INCOMF.
2022
2021
Illcon￿ from listed xttwesiments
lut￿.c￿L on cash deposits
51,466
35.178
CI4ARITABLE ACTlVtTILS
2022
202
Gi￿ts payable- other {8et note 51
TL?ining award8 adnwiistratioji
Suppoit costs (Scejjote 61
145,416
429
4,804
150 649
51,245
55,'194
Page 12

THE WORSHIPFUL COMPAF4Y or PLAIST£4 REI RS CHARITABLE TRUST
NOTES TO THE f4lNANCIAL STATI£MEI NTS
riOK THE ¥CAR ENDED 5th APRIL 2022
CIUNTMAKtNG
2022
2021
Royal Martnes Association (The GoKdoiiMessei)ger Ctnlre)
P¢l¢i'boivugh Cathedi'al
282 (East Haittl Sqiwdix)ii Royal Aii'Tr'oL¢e Cadets
SRR Association (The P1alste￿iE, Ediicational Fiittdl
The Princes Foundation (Heiilage skills)
St Paul's Cathcdral Fouodalion (500tli Anttivei'.qai'y)
StPaul's C of E School- Cliuich aioli.
Tile Loid M&yoi's Appeal
FIMS Th?gon
PelBI'bomugh Cath¢dTal- (Mott Bursary)
Biiscott & Colt￿111] National Ti'ust Eslale (Heritage Plastering Skills)
Historic England Ftsuiidation
45,000
21),01)D
15,000
15,000
kl,500
6,001)
5,500
5,000
s,000
4,7511
4,000
3,780
2,000
1,036
1,210
50
14D
3,000
4,500
6,000
5,250
4,750
Help the Cliild {WCPI
Master's ¢liaiJty- The ChildiEa'5 SoGi¢ty
Bi'iti811 Red CI05S
Sl Vedasi colleclso
Royal Britisli LeEIOIi
sainarital￿ (Luiidon l)ub)
Voces8- Foundation- IHui))bci' BursaLy)
Aspha8ia Socitty
RM Associatioll
"onbiige Goi'ge Mus¢umTiust
Liweiy Stlioo]s Lijik
Air cadets- 282 Squadron
Total other grajits
6,495
250
5,000
5,000
4,500
3,000
2.000
1,000
500
145016
51,245
SUPPORT COSTS
2022
2021
Baith Chai'g
O￿lC¢ stationaiy
Accol￿t￿r ncy Fee8
GovernAnce- independent exaTnille¢s fee (eui'rent yeai'l
292
313
960
960
TRUSTEESI REMUNERATION AND XPJ,:NSES
No TrLiStces i'eceived any remiineiatioii during the yeai.. {2021- £0)
INVES'fMENTS
Movemellt iii fixed &sset Ilstcd inveslinents
2022
2021
m￿.ke1 Value B1￿￿￿t Forward
Additions ai cost
L&8s D&sposal pl￿CeedS
Net gains oll iiiv&stmenls
Mai'l(et V8lue Cai'j'led f401'ivai'd
2,389 542
96 J74
150,146)
93,988
1,529,758
1,733,400
1,837,578
(1,755,356}
573,920
2,389,542
Historical cost of lnvests￿entS as at 5tli Apiil
2 157 471
2,111,830
Geogx'hphieAI Ai)aly515
unit￿ Kiiigdoin investtiieLIts
OV￿3¢aS ittvcsknents
2,529,758
2,389,542
2,529,758
2,389,542
Page 13

THE WORSHIPFUL COMPANY or PLAISTEIREI RS CIIARITABI.E TRUST
NO'fLs TO THE FINANCIAL STA'fEMENTS
FOR THE YEI AR ENDEI D 5th APRIL 2022
DKJITORS
2022
2021
Othei. dcbtors
Picpayllicnts &nd accrued income
8,593
10 CREDITORS: Amounts faTling due ii'itliill year
2022
2021
Olhei. credito
Accruals aiid defeiYe(f iiicoii)
Giant eon]mitm¢nts
669
4,669
85,000
90,338
240
4,419
11 RFLATED PARTIES
Rtslated party traus*clloiis
)ui'ing the yeai. the Cliarity ¥eceived £50,(X)012021'. £Jiill fixmji tli¢ Worshipful Cott)pany of Plaistcrcrs. The
folLowing Triistees ar¢ all tneinbcrs of Lhe Livery Coun= Pelei. BakeT, Margaret CoAtes, Bill Mahonyj Ali80n
Gownian and Adam Edwaid5.
No Trustees itceived ally Lrinunti?tion dLI"illg the yeai. or were lEiitt￿lIECd f4X tlieir expen8es12021.. £0)
No Ti￿Stee or oil*r peiTon i'elaled to the Lhairyly l￿d any persollal iJJlere8t in any contsxct oi, litftsaclion
enLered into by the Cliarity duiing Ihe ye81. (2021.. nil)
Cotttrolllng elltity
The Charity is controlled by 11)B Trus1¢¢s.
12 MOVEMENT IN FUNDS
Bi'ouglit
foi'iyai'd
2021
C4rriod
Ineoillt
Expeiiditui'e
2022
{Ids6e51
2022
Ti'&n¥fer
2022
2022
2022
Desigiixted funds
500th Aiiiiiv￿￿8iY
H Huinbei.
H Moll
PlattiiilTll Jiibilee fiind
50,000
26.000
58,000
16,0001
6,000
50,0(
26,0
58,0
14,7501
1100 000
{110,7501
4.750
100000
I lQ.750
134.000
134,QQO
Urti'uti'icted thnds
Uiirestricted income fund
1,977,434
138,992
143.8561
79,503
189,5381
2,062,535
Resti'leted fvttds
M8Adiester 9nd Salfoi
ajid Rt811'i¢ted TTaityfftg
fund
SwiTliiig Bllrsary fund
247.(H9
50.000
7,958
14,485
121.212)
247.049
50,000
Total
2 408,483
155 837
Pèga 14

THE WORSHIPFUL COWANY OF PLAISTFRERS CHARtTABLL TRUST
NOTES TO TEIE fiNANCIAL STATEI MENI'S
r4OR THE YEAR E4 LYDLID 5th APRIL 2022
12 MOVEMRNT IN FUNDS {eontliJued)
Bi'ouglit
fox'wAI'd
GaL1151
(losses)
2021
C*rried
foi'iyai'd
Ineonic
Exp¢nditui'e
2021
Traiislers
2020
2021
2021
2021
Designated fuiids
500th Ar￿1vel￿ary
H Humbei.
Hmott
50,000
26,000
58,000
134,000
{6,1)001
{5.0001
4,750
115,7501
6,IKIO
5,IX>O
4,750
15.750
50,000
26,000
58,000
134,QIDO
Unrc5ti'i¢ted fuMd$
U[￿estrIcted incuime ftind
1.363,329
93,692
{39.347)
484,863
74,897
1,977,434
Restj'lcted fund$
Manclicslej. and 8&lford
and Reslyicted Ti"ainiJ]g
fvnd
Spurling t4ui%ary furtd
247,049
50,000
1,794J78
6,930
(8401
4,51>0
89,057
195,1471
4,5
247,049
50,000
Total
100.622
60,4371
573 1)20
2.408,483
Establi51ied to con￿￿￿01'att the 500tlI AnJ)iv¢rsary (kf the granlillg of the fsrsl Chall￿. to the Wo1Ehip￿l Cojiipaiiy of
Plaislei'ers in 1501. 1.he iucome frillii this fund curre￿llY supports a ohorislcr at SL Paul's CathethTrl.
H HiiRMber
Established in n)eiw of PastM8StcrHeJiry Yiiiiiber, Thc inconie origioally supportcd a bur88ry for & post graduate
skndeiit at tlie GuÉldhall School of Music aiid Di?tt￿. Th) Ircent year% il lia%.%upportcd tlie work of tb¢ VC19 Foulldatiots.
Hmott
Estab]i3lied in memory of Past Mastei. Heniy Moti. TEL¢ inwmtt suppoi'ls a cli￿.15t¢1' at Peteiborou8h Cathedral.
Plrtfiiiiiiii Jiibileefiiiid
Diii'ing the yeai., thu Trusttts tsLgblished a Platinull) Jubilee Fiind to ixai* HM The Qiic¢n'5 PIBtiniim Jubiltt and
greed to pi'ovide a slim of £50,000 io be allocalcd as one-off ￿'ants to foul. of tlie Lively Conipany's MiliLvy A￿L[lat¢S
aiid Pet¢rboi'ougli Cathedral, all of wlioni sliai'e significaiit llnnivei'saries with tlie Livel'y Company gnd tbe Cl)&i'ity
duriijg 2021f22. At ihe January m¢etiiig of tlie Court of Assi8tsnt5. the Lively Company rcsolved lo match Iliis
atlocation and i*ade a gift EO the aTrarity to tlie value of approxi1￿￿telY £50,000. Ilicirby estsblishÉng a total fund value
of £100,000. This wa8 fully spertt in Ibt yesy.
Tltrem&pJcli￿lel. fiiidSalJ61'd Fiiiid
Establislied iIi 2002 by a gift of £50,000 {willi an addilional £1,000 in 20041 fill￿ tlic twstees tn willdiog up of tlie
Maiicliestej., Salfoi'd ai)d DssliiLI BiiildiIig Trades Eiiiployers, A&8OCi8tioii. T]ie fLltid is foj. the puip05e of supporiiTig
edueatiort aiid trgining in It]e industry. Tlie Trustees 1'¢solYed on I l June 2015 to aimalgamaie the fuiids, lieiiceforili
lo be knjowll as ￿Le Maocliester artd Salford and i'esti'ictrd Tiainiiig Fund,.
Réslrlcled 7laiiiiiig fiiijd
Esiablighed in 2007 with 8 gift of £IOO,000 froiii a generous bencfactor, tlie aiDI of the fi]nd is to 8UPPOrt and n￿intai11
tlie quality and divei$iry of plaSt￿.inS aijd diying %kills ii) tlie UK. Witli agreeinent of tlie donor Iliis will bc acliievcd by
way of bursaries.
SpiirlinK Biij'srtiy Fiiiid
Estthli51i¢d duriii2 die PLior yeai by a gejierous donation of £50,OIX> inade byLiv¢iymttTr Arydrew SpllLLiiig &Ji
recognition ot Ilie 200th Anniv¢rstry11817- 2017) of Sonie twelve Spw'liiig fasiyly iiiai)bers of tl)e Lively, of whojn
8¢v¢ll were Masters of tlie C'onipajiy. Tli¢ ittcome fr￿11 thi8 doi)atioii is used to SUPPDI'I a buiE8Ly for the
educatioii and traitiiiig of a plaslei'ey iii liei'ilage pla8tei-in8 skills.
Page 15