THE WORSHIPFUL COMPANY OF PLqISTERERS CHARITABLE TRUST IREGISTERED CHARITY NUMBER.. 281035] 'Yhe Plalsterers, Charity" REPORT AND FINANCIALSTATEMENTS for the year ended 5, April 2024 THE WORSHIPFULCOMPANY OF PLAISTERERS CHARITABLETRUST CONTENTS Page Trustees, Annual Report Report of the Independent Examlner Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-15 The Worshlpful Company of Plalsterers Charttable Trust Reference and Administrativè Details Charity Name.. The Worshipful Q)mpany of plaistereTS Charitable Trust Charlty Reg15tratlon Number.. 281035 Principal Office.. Plaisterer5' Hall l London Wall LONDON EC2Y 51U Tru5tees', Mr P R A Baker, Past Master & chaiman (Re-appointed 20th july 2023, Retired 16th july 20241 Mrs M A Coates, Past Master (Appointed 20, July 20231 Mr T A W Edward5, Llveryman (Re-appointed 201h july 20231 Mr S A Gilbert, Deputy Master (Appointed 20, July 20231 Colonel (Rtdl G S M Manger, OBE, Clerk (Re-appointed 20" July 20231 Mr A K Mitchell, Iv1aster (Appointed 201h july 20231 Mr S P Steinbock, Llveryman (Re-appointed 20 July 20231 Sollcitor.. Wllllam Sturges LLP Burwood House 14116 Caxton Street LONDON SWIH OQY Banker: National Westmlnster Bank PIC st. Paul's Branch luxton House 98 St. Paul's Churchyard LONDON EC4M 8BU Accountant: Moore Kingston Smlth LLP 6th Floor 9 Appold Street LONDON EC2A 2AP Investment Manager Rathbone INvestrnent Managemènt Ltd 30 Gresham Street London EC2V 7QN Page.. I The Worshipful Company of Plaisterers charitable Trust Trustees, Report PRINCIPAL ACTIVITY The Charitable TrLlSt supports indlvlduals and charStles in accordènce with the Objects of the Charlty as stated In the Trust Deed dated 15tJuly 1980 and as ftjrther explained In the Grants Policy stated below. Its income derlves from The Worshipful Company of Plaisteiers and from Freemen and Liveiymen of the Company, together with investments and other donations, gifts and legacles. Bursarie5, grar)ts and other award5 of charitable expenditure are decided upon by the Trustee5, who may consult with the Companvs Court of Assistants or other interested parties, where gpprtsprl8te. GRANTS POLICY The Trustee5 consider.. lil Grant5 to members, widows and thelr dependents in need. lill Educ3tSonal Grants in furtherance of trair)ing and education In plastering. liiil Educatlonal Grant5 generally, including Cathedr41 Choir School Bursarles, and other muslc related bursaries. livl General Charltable Grants wlth a focus primarily (>n= lal Charlties and worthy causes with a plasterlng emphasis,. Ibl city of London and Greater London charities with a 'people" focus tOW3rds the dlsabled, disadvantaged and needy,. and Icl Charities connected with HM Armed Forces andlor muslc education aftd training. GOVERNING DOCUMENT The Fund is governed by a Trust Deed dated l.luly 1980. The Trust was established for charitable purposes. Any capital or It)come Flot requlred for the charitable purposes of the frust t3n be invested by the Trustees. The Financial Statements and Accounts prepared annually comply with the terms of the Trust Deed. TRUSTEES In accordance wSth the Trust Deed, the CustodlanTrustee is the Worshlpful Companyof Plalsterers (the Livery Company) 2nd sÈven Managing Trustees who are,, The Master, Deputy Master and Clerk for the time belng lex-officiol, together with two Past Master5 and two Llverymen who are appointed by the Court of A55i5tants of the Worshlpful Company of Plalsterers anttually at the July Audit Court Meetlng. The Trustees who act during the flnahcial year, will normally reflect the char7ges made from the date of installation and roblng of the new Master, Deputy Master and Clerk lif applicablel, at thè July Audit Court Meeting, i.e. partway through the CharitsRs financial reporting year, together with the 3ppolntment of any new Past Master or Liveryman Trustee. The re-appointment of and changes to the Trustees durlng the current flnancial year were approved at the Company's Court of Assistants Meeting held on 20, July 2023. Page 2 The Worshipful Company of plaisterers Charltable Trust Trustees, Report The Managing Trustees who acted during the current flnancial reportlng year were as follows.. Mr P R A Baker, Past Master & Chairman Mr5 M A Coates, Past Master IAppointed 20 July 2023 and prevlously Deputy Masterl Mr T A W Edwards, Liveryman Mr S A Gilbert, Deputy Master IEx-officio Trustee and previously Masterl Mr W P Mahonyj Past Masler (Retlred 20th July 20231 Colonel (Rtdl G S M Manger, OBE, Clerk (Ex-officio Trustee) Mr A K Mitchell, Master IEx-officlo Trustee) Mr S P Stelnbock, Llveryman RESTRICTED FUNDS The Manchestèr and Salford Fund Estsblished In 2002 by a Gift of £50,000 (with an additlon81 El,000 In 2Q041 from the Trustees on the winding up of the Manchester, Salford and District Building Trades Employers, Assoclatlon. The fund Is designated to support educatic>n 3nd training In the plastering industry. Restricted Tralnlng Fund Establlshed in 2007 wlth a gift of £ICX),000 from a Eenerous Liveryman benefactor. The alm of the Fund is to support and maintain the quallty and diversity of plastering and dry lining skills in the UK. With the agreement of the donor (now deceasedl this will be achi@ved by way of bursaries, grants or other award5. Wlth the agreement of the donors of each of the above two Funds, the Trustees resolved to Invest the capital tsf each Fund to create incometo achieve the Funds, indlvldual aim5. It was Blso agreed by the donor5 of each Fund to apply the Charitable Trust's Reserves Policy, described on page S, to the income genèrated from the inve5tm2nts. The Trustees re501ved on Il, June 2015 to amalgamate the two funds, henceforth to be known as 'The Manchester & Salford and Restricted Training Fund,. The Spurllng Bursary Established in 2018 by a generous donation of £50,ODO m3de by Liveryman Andrew Spurling (now deceased) In recognltion of the 2QO' Anniversary11817- 20171 of some tWe￿e Spurllng family members of the Liverv Company, of whom seven were former Masters ofthe Company, The income from this donation Is currentlv belng used to support a bursary for the furtherance of edueatlon and tralnlng in heritage plastering skills via The Klnls Foulldatlon (formerly The PrIn￿'S Foundation) Page 3 The Worshlpful Company of Plaisterers Charltable Trust Tru5tee5' Report DESIGNATED FUNDS 500, Anniversary Fund Established to commemorate the 500 Anniversary of the grantlng of the first Royal Charter by King Henry Vll to The Worshipful Company of Plaisterers in 1501. The Income from thls fund currently supports a ¢horlster at St Paul'5 Cathedral. Harry Humljer Fund Established In momory of Past Master land sometlme Clerk) Harry Humber. Origlnally the Income was used to support a bursary for a post graduate student at the Guildhall School of Music and Drama but may be used for any muslc related educatlonal need. Ourlng the current financial year, this Fund has been used to provlde a scholarship bursary for a student at the LouEhborough Schools Foundatlon, of whlch the late Past Master H8rry Humber was an alumnus. Henry Mott Fund Established In memory of Past Master land sometime clerk) Henry Mott. The intome supports a ¢horister at Peterborough Cathedral. Transfers from the Unrestrlcted Generèl Funds of the Charity are made to the Designated Funds, when necessary, to eM5ure that the Trust meets the ongolng objectives of the.Ee three Funds. The Platinum Jubilee Fund Durlng the financial year 2C)21122, the Trustees considered a proposal to establish a PSatinum Jubllee Fund to mark the Platinum Jubilee of the late Queen Elizabeth 11 in June 2022 and agreed to provide a sum of £50,000 to be allocated as one-off grants to fourof the Llvery Company's Military Affiliates and Peterborough Cathedral, all five of whom shared 51gnificant anniversafles of assoclation with the Llvery Company and the Charity durlng 2021122. At the January 2022 meeting of the Court of Assistants, the Livery Company re501ved to match this allocatltsn and made a glft of shares to the Charity to the value of approximately £50,000, which were subsp.quentlv encashed, thereby establishing a total fund value of £lOO,000. The charitable organisation5 selected by the Trustees and the level of on@-Dff grants agreed to be paid were as follows., - Royal Marines Association (The Gordon Messenger Centrel SRR Association IThe Plaisterers, Educational Fund) HMS Dragon la Type 45 De5troyerl 282 IEast Haml Squadron, Royal Air Force Cadets Peterborough Cathedral £45,000 £15,000 £5,000 £15,000 £20,000 The only grant paid during the fin3ncial year 2021122 was the £15,000 grant to the SRR Association. The £45,000 grant to the Royal Marines Association was paid during the following Ilnancial ye3r 2022123 and the remalning grants were orwill be paid during the financial years 2022 tts 2025. In partitu13r, tho grant to HMS Dragon, whlch has been undergoing a major re-fit in a naval dockyard, Is currently undergoing sea trials and is due to be recommissioned during the financlal year 2024125, when Itls likely the grant will be paid. Page 4 INVESTMENT INCOME The Trustees look for 3 'total return, of income combining capitsl gains and investment income. The PeTformance of the funds showed a surplus in the net movement of funds of £166,116 in th15 financi31 year 12022-23.. a loss of £161,802). Thls brings the total funds in the Investment Portfollo to just over £2.4 million 12022-23.. £2.3 miS1ionl. Withln these figures, there are net realised and unreallsed gains on investments of £138,203 during this financial year against losses of £198,700 in the previovs financial year 2022123. PUBLIC BENEFIT The Trustees have had regard to, and are fvlly aware of, the guldance oti Public Benefit Issued by the Charttles Commisslon and have taken notice of this guldance in all relevant discusslons on distributions of bursarie5, grants and other awards. During the current financial year E79,30012022-23.. £65,0261 was distributed in charitable activities to various groups of recipients, as follaws: 19% in the furtherance of education and training in plastering 30% in the education of Choristers and the provision of financial support for music education initiativesto schools, Includingthose In impoverlshed areas of the aty of London and Greater London 13QA to HM Armed Forces benevolent funds 32% to other registered charltles in the Clty of LoTrdon and Greater London area (including the Lord Mayor's Appeall 5% to the Master's nominated charity for 2022123, Music Masters 1% to support a termlnally ill Liveryman Iwho ha5 Subsequently passed away) RESERVES POLICY The Trust is a grant-makinB trust, which derives its income from donations, gifts, legdcies and investments. In recent years, the Trustees have significantly built up the charitable foundation to over £2.5 million by partSdlly limiting d15trlbutions, moving investments into egutties and receiving large eqult¥ transfe¥s. Whilst the Trustees wish to contlnue to increase the Capital reserves, at the same time they also wish to increase charltable grants, subject to an overall increase In the available incomlng ￿su￿rCeS. RISK ASSESSMENT As described in the foregoing Section the Trustees have adopted a reserves policy which is designed to increase the assets of the charlty over time to en5u¥e It5 long-term future viability a5 a Er8nt-makin8 trust. They have reviewed thE risks that could possibly be faced by the charity and are satlsfied that by taklng a reasonably conservatlve vlew, they are mltl8ating the risks to whlch the charity may be exposed. POST FINANCIAL YEAR END ITEM OF SIGNIFICANCE Following a revlew of the historical investment performance of Rathbone Investment Management LimSted I'Rathhone'l duringthe past twelve ye3r5, theTrustees, togetherwith the Custodian Trustee (The Worshipful Company of Plalsterers'l and Plaisterer5' Hall Limited, identlfied a potentia5 heed to replace the current investment manager. Page S The Woyshlpful Company of Plaisterers Ch4ritable Trust Trustees, Report POST FINANCIAL YEAR END ITEM OF SIGNIFICANCE Icontlnuedl Having shortlisted and interviewed three appropriate potential investment managers Ilncluding Rathbonel from a much longer list of potential investment mangers the Trustee5 resolved at thelr meeting held on the 4, lune 2023 to appoint Waverton Investment Management Limlted I'waverton'l to replace Rathbone as investment manager for the Charity Ithe other two entities subsequently simllarly resolved), by employing one Investment manager to oversee all three entitSes investment portfolios on advantageous terms. The transfer of the Ch3rity's investment portfollo from Rathbone to Waverton wlll take place dUrI￿g the financial year 2024125 and the Trustees do not anticipate this will affect the overall value of its investments. STATEMENT OF TRU5fEES RESPONSIBILITIES The Charitvs Trustees are responsiblè for preparing the Annu31 Report and Flnancial statements In accordance with applicable law and United Klngdom Accountlng standard5 Iunited Kingdom generally ac￿pted accountlllg practlcel. Charity law requires the Trustees to prepare financlal statement for each linancièl year which glve a true and f()ir view of the state of the charity and tho. incoming resources and application of those resources of the charity for that period. In prep&riDg those finantlal statements, the trustee5 are required to.. al select suitable accountlng policies and apply them consistentlyi bl ob5e¥ve thè methods and principles in the Charitles SORP,. cl make judgments and estimate5 that are reasonable and prudent,. dl state whether appllcable accounting standards 2nd statements of recommended practiTr have been followed, sublect to any dep3rtLJres disclosed and explalnÈd in the financial statem@nts,' el prepare the financial statements on the going concern basls uhless It is inappropriate to presume that the charity will continue in operation. The Trustees are responslhle for keeping proper accountlng records that disclose wSth reasonable accuracy at any tlme the financial position of the Charlty, and which enable them to ensure that the financlal statements comply with the Chzrltles Act 2011, the Charlty IAccoLJnts ènd Reports) Regulatlons 2008 and the provision5 of the Trust Deed. They are also responsible for 5afeguardlng the a$5et5 of the Charity and hence for taklng reasonable steps for the prevention of fraud and other irregularities. Approved by the Trustees and $18ned on thelr behalf by.. Margaret A Coates Trustee Date,. Page 6 INDEP14ND￿lYY EIXAMINERIS RKPORT THCI WORSHIPFUL COMPANY of4 PLAIgrKIuiRS U4ARrrABLL TRUSI ItOR YEAR EI NDED Stll APItIL 2024 l i'epN'I to Ili¢ Th￿ste¢S 011 my exarninailon of the aecouut6 of the Woi%,Iiii)lknl Coiiipally ofPlaisteLeis ai&tithble TAus1 (tlie Thyst) foi. ihc yttar euded 5 Apiil 2024, Re4)onsibllltie5 Ind basis of rei)oi't As oliai'ity tsuslees of die Ti'usl yoii aits irsponsible tlie PL6pardlioii of Ike &ccouiJts iii accordance witli tlie Irquiirin&ils of Iht Cl)ai'ities Act2011 ('the Act.). l Lepoit in irsp¢cl of my ItX8mina¢ioll o£tEs Tj'ust's ACGDIILJts C&LI'ied out iinctei. section 145 of the 2011 Act &nd ill Cdiiyillg oiit lliy oxaiDill&tion I l1&ve followed All the &ppli¢8ble Diiections given by tho Ch6Lity Coi)llnission urid￿. section 145(51{b) of the Aol. IndÈpendent eXan￿ller 8 Stateinent I IILve ¢omplet¢d Iny exainlEthlion. I Collfiiin tI￿t iio inatsiial in&tteig havc COIDB to my atteiitioiiill eonneGtioThwilli tlie xamii)ation givingmo cause to belitsve that iu aLiyJn&t￿￿al iespect.. accountlThgLECDrd8 wereiiol kept inisspecl of Hi¢ Tr'ust as i'equurd by sectiou L30 of tile A¢t' ok the ac¢ounls do not accord wilh tiiose LeOOLd5; 0¥ the Ro¢oullts do iiot coinpty withthe 8ppIic8ble leouslfflll￿itS conc¢riiiug t[￿ foi'm aiid ¢oiiteiit of&c¢oullts Sel oiit iji tbe ChaEitie$ (Accounts aiidRepoils) RcgiilalioiiÈ 2008 otber tl)arL &iy iequiremeiit tliat aec4)uThts giv¢ a tmd £au' vi¢w' is iiot a Lnalt6l LuII8LdeLtd as pait oEall ind6pelldenl exan]iiiation I li&ve no oon¢¢i'i)s gndlwv6 coino aoiDss i)0 otherinal￿s in ¢0sinec11031 MTith Ilie exaiiiit]4tian to wliioh attention shtsuld b¢ dLlWlI iii Iliis r#poi't iu Did￿. to eiiabl6 a ￿'0p￿. uiideiEtandillB of tlie a¢oowits to be iEBclied. ocxe Adain Fullei'toii FCADCIIA, Oll belTralf of MODI'Q l which is the functional cutteney of the charity. Monetary amounts in these financial stateillents are roullded lo the nearestpollnd. The prEncipal accouiiting policies &dopted iry theptepai'*tion of the fiuaaciLI statemonts are set out below, (b) fOLICIES (Colltinuedl Governatjce Costs Gov￿"1Vdll¢e co.%ts coAnpi'&se 311 Costs involving tlie public aG¢oiintability of tlic elydl'ity and its ¢oiiipliaiice witli IEgulatioii and good piactice. Th¢se costg iiiclude costs re18ted to statutory audit fees togetlier witli suppoit costs. (e) liive5tiiients Investtnent5 are stated at inaiket value at tlie Bala￿]ce Slicet date. Tlie SOFA includes tl)e net gains ai)d losses on ￿valUation and disposal8 tIiLougliout the yEai-. {fj Realised aiid Uni'ealiscd GaiD$ aiid Losses All gaii)s and losses ale taken to the SOFA as tliey ai'ise. Realised gaiiis and losses on investhienLs are calculated as the diffei'eiict bettyeen sales proceeds and opening n)ai'ket value Qjurchasc date if latei'l. Unrealised gall￿ and los8es are calculated as the difference between the mai'ket valiie at the yeai. end and opet)ing nmiket Yalue (or purc1￿8¢ date if later). {g) Goiiig Coiiecrn 'riie A'i'ustees llave assessed wlietlici. the use of tlie going coiicem basis is appi'opiiate aiid have considered posaible events oi. eoJiditioJ)s that miglit cast significaiit doiibt 011 tlie ability oftlie el)arity to ¢ontinue as a goii)g concern. Tlie trLiStees liave Inade thi8 asses5nienl foi. a pei'iod of at Icast one year fTom tlie date of approval of thc financiEI st&ten)ei)Is. In paiiiculai. the Inistees have con8ideied the charity's foi'ecast& and projectioiis and Iiave lakeii a¢¢oui)t of pressures on donatioii aiid investsnent income. After Inaking eiiquii'ies Ihc truste6s have concluded Iliat tiiertt ib a I'cagoiiabSe expectatkon tl)at tlie c1￿￿ty has adequate i'&8nUlfCS to contsiiue in OPErati(Jn&l cKistcnce foi" tlie foi'eseeable thknire. The th&Lity thei'efoi'e Loniinues to adopt tlie goiiig concem basis in pJ'eparinE its liithncial statem￿ltS. (h) Fittaiiei*l Iiisti'yments Tlic ¢hai'ity l)as elceted to apply tl)e pYovi5lQl18 of Se¢tion I I 'Basic Fii)at]cial Instsuinents of FRS 102 to all of its financial instruniei)Is. Financial irt4ttNiiiet)Is a¥e iecogiiised in the ch3t'ity'.% l)alaiicc slieet when the cliarity becoines party to tlie contractual provisioiis of the ii)5ti"u]n¢i)t. Financial asscts and liabilities al'e offset, witli the et aiiiouiits preseiited in th¢ f11)ai?cial stateiiients, wlien theLe is a legally enfoi'ceable Light to set off tlie i'ecobFnised (iittouiits and thei'e is an intention to seiile oji a net basis or to re&lise the ass¢t and settle the liabilily SllllLiltalleously. With ilie ¢xctptions of pi'epayii)ents and deferred ii)¢onie all otlier dcblor and ci'editoi. balallces al'e cottsidered to be basic fknattcial instiiuiientS LEndei' FRS 102. See notes. 9 and 10 foi. the debtoi's and GrcdiioiE notes. (i) Cash and Cash Lquivolents Cash and casli equivalents siiclude casli ill hand, deposits held at call with banks, L)t11￿. slioit-t¢rin liquid lllvesljiieiits will) original niatui'itie5 of thi'ee nioiiths oi. less. (i) Key Estiniates and JudgeTneiits Ii) pi'eparing finaticial stateinenls it is ne¢essary to inake certain judgeineiits, &8ti11)ates and assumptions tl)at affect the an￿u￿ts L'ecogi)ised ii) Ilie fitiaiicial 81atenienls. In tlsc vsew of the Tru8tees in applyillg the accoullting policies adopted, no jtidgemellts were required tliat liave a significant effect oil the aniounts i'e¢ogni8ed iii the finaiicial staterneiits nor do any estimateg or &ssuinptions nLqde ai'ry a significant iisk of tnaterial adjUSts￿ent in Uie next fjiianeial yeai. Pg9811 THE WORSHtpriUL COMPANY OF PLAISTEREI RS CHARI'fABLEI TRUST NO'fES TO THL FINANCIAL STATEMCINTS FOR THE YCI AR EI NDED 5tlI APRIL 2U24 DONATIONS AND LEGACIES 2024 2023 Appeals aiid donation5 Donation froin Worsliipful Compaiiy of Plaisterers 49,055 47,865 INVLSTMLI NT INCOME 2024 2023 It]collie fi'oin listed ii)vestsiients Interesl on ¢ash deposits 57,733 10,838 68571 58,596 136 58,732 CHAIUTABLE ACTIVITIES 2024 2023 Grants paydble- otlier {seenote S) Ti'aiiiing awards adininislration Siipport costs (See note 6) 79JOO 188 5,439 84,927 59,788 5,238 65,026 GRANT-MAIO 16,000) 115,OOQ) (4,7501 6,000 15,000 4,750 50,000 26,0(JO 58,000 134,000 {25,750) 25.750 134,000 UnYe8trlcted lunds Uiii'estTiCtcd income futtd 2,062,535 97,475 (22.0691 (176,342) {47,630) 1,913,969 Resli'icted fund5 Manoliestei aod SaRfoiYl alld R&strxcted Tixiniiig fund 247,049 50.000 9,122 (13,880) (22,3581 8,000 13,880 8,QlX) 233,8L3 50,0 Spiii'ling Biiisai'y fvttd 2,4Y3,584 19S,700) 2,331,782 500tli Aiiiiliiei'srtry Eslabli.%lid to Goii)meinoiEtc the 5001h Anijivcrsary of th6 giunting of the r￿st Charler to tlic WoiBliipful Coinpany of Plai5terei3 in 1501. Tlit incoit)e tron) thi8 fuiid euritnily supi)oils a clioi'isler al St Paul's Cat]Ledrai. HHiiJiihep' E5tablislied in iiieiiioiy of Pa8tMgstei' Heniy Huiiibei.. 'fii¢ iDconJe arigiiLally supported a bllrsaty foi. a post gnBduate stud¢nt at tke Giiildliall School of MIisTC and Draina, In Jycenl year8 Lt has SUPPQited the woi'k of tlie VC19 Foulldation. Hmott Bs¢abli8lied in Jnciiiory of Past M&8ler Henry Moti. The inconie suppoi'ls a clioiistei. at Peterborougl) Catbedyal. Pluliriiiiii Jiibileefiiijd During tlie PTIOT year, the Tnistees established a P12tinuni Jiibilee Fiiiid to mark HM The Qiieen's Platinuii) Jiibilec alld a￿￿ed to provide a sum of£50,000 to bt allocated a.g one-off gi?iils to foul. of tl)e Livery Coi))pany's Militaiy Affiliates and Petci'iK>iDugli Catlicdral, all of wljotn sliared significaRt annivei3aric5 Wlth die tAVeiy Company and the CliarKty dui'ii)g 2021122. At il)e Janualy Ineetii)g of tlje cO￿t of Assistallts, Ilie Livery Cumpaiiy iesolvcd lo matcli t￿lS allo￿(70￿ aiid made a gift to tlie Chaiity to the value of approxiinately £50,000, IheiEby eslablisliiiig a total fviid value of £IOO,000. This was fully spent in ilie 2022 year. Themfiiicliesler uiidSGlford Fiiiid Bstablished in 2002 by a gift of £50,000 (witli ali additiollal £l.000 in 20041 fi'oiii the I￿ste¢S iii wiiidiiig up of the Mallcl)ester, Salford aiid Disli'ict Buildiiig Ti?des BiiiployeTS' Asso¢iatioii. The ￿lid is for the piirpose of 8UPPOLliiig education and training in the industiy. Tlie Trustees i'csolved ort I l June 2015 to all￿1gaMate tlie two fund8, hencefoil) to bB known as'Tlic Mattchester and Salfoi'd alld r¢stiicted Ti?ining Fund,. Resli'icted Tiaiiiiiig Fiiiid Eslablislied iii 2007 witli & gift of £IOO,000 froin a geneiDu5 b¢iiefactoi', tlie allii of tlie fijnd is lo support and inainlai the quality aiid diveLs&ty of pla5t¢li118 and dLysng skills itt the UK. Witli agittillent of Ibe doiior this will be achieved by way of biiTsat'ie8. SiJiiilEiJg Biii'.vlliy Fiijid Eslablisljed dui'iiig tlie 2021 year by a gen￿￿118 donation uf £50,000 in8