THEWORSHIPFULCOMPANY OF PLAISTERERS CHARITABLE TRUST
IREGISTERED CHARITY NUMBER.. 281035]
'Yhe Plai5terers' Charity"
REPORT AND FINANCIALSTATEMENTS
for the year ended 5, April 2025

THE WORSHIPFUL COMPANY OF PLAISTERERS CHARITABLE TRUST
CONTENTS
Page
Trustees, Annual Report
Report of the Independent Examiner
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
10-15

The Worshipful Company of Plaisterers Charitable Trust
Reference and Adminlstrative Details
Charlty Name:
The Wor5hlpful Company of Plaisterers Charitable Trust
Charity Registratlon Number..
281035
Principal Offlce:
Plaisterers, Hall
l London Wall
LONDON
EC2Y 5JU
Trustees:
Mr P R A Baker, Past M3Ster & chairman (Retired 16 july 20241
Mrs M A Coates, Past Master & Chairman IAppointed 16 July 20241
Mr T A W Edwards, Liveryman (Re-appointed 16 July 20241
Mr S A Gilbert, Deputy Master (Re-appointed 16 July 20241
Colonel (Rtdl G S M Manger, OBE, Clerk (Re-appointed 16 July 20241
Mr A K Mitchell, Deputy Master (Re-appointed 16 july 20241
Mr S P Steinbock, Liveryman (Re-appointed 16 July 20241
Mr J G Minett, Master IAppointed 16 july 20241
Solicltor:
William Sturges LLP
Burwood House
14116 Caxton Street
LONDON
SWIH OQY
Banker:
National Westminster Bank PIC
St. Paul's Branch
Juxton House
98 St. Paul's Churchyard
LONDON
EC4M 8BU
Accountant..
Moore Kingston Smith LLP
Devonshlre House
60 Goswell Road
LONDON
ECIM 7AD
Investment Manager
Rathbone Investment Management Ltd (to July 20241
8 Finsbury Circus, LONDON, EC2M 7AZ
Waverton Investment Management Ifrom July 2024
16 Babmaes Street, London SWIY 6AH
Page.. I

The Worshipful Company of Plaisterers Charitable Trust
Trustees, Report
PRINCIPAL ACTIVITY
The Charitable Trust supports individuals and charities in accordance with the Objects of the Charity as stated
in the Trust Deed dated I, July 1980 and as further explained in the Grants Policy stated below.
Its income derives from The Worshipful Company of Plaisterers and from Freemen and Liverymen of the
Company, together with investments and other donations, gifts and legacies.
Bursaries, grants and other awards of charitable expenditure are decided upon by the Trustees, who may
consult with the Company's Court of Assistants or other interested parties, where appropriate.
GRANTS POLICY
The Trustees consider..
lil Grants to members, widows and their dependents in need.
lill Educational Grants in furtherance of training and education in plasterinE.
liiil Educational Grants generally, including Cathedral Choir School Bursaries, and other music related
bursaries.
livl General Charitable Grants with a focus primarily on..
lal Charities and worthy causes with a plastering emphasis,.
Ibl City of London and Greater London charitles with a "people. focus towards the disabled,
disadvantaged and needv,.
and
Icl Charities connected with HM Armed Forces andlor music education and training.
GOVERNING DOCUMENT
The Fund is governed by a Trust Deed dated I" July 1980. The Trust was established for charitable purposes.
Any capital or income not required for the charitable purposes of the Trust can be invested by the TrLJStees.
The Financial Statements and Accounts prepared annually comply with the terms of the Trust Deed.
TRUSTEES
In accordance with the Trust Deed, the Custodian Trustee is the Worshipful Company of Plaisterers (the Liverv
Company) and seven Managing Trustees who are.. The Master, Deputy Master and Clerk for the time being
lex-officiol, together with two Past Masters and two Liverymen who are appointed by the Court of Assistants
of the Worshipful Company of Plaisterers annually at the July Audit Court Meeting.
The Trustees who act during the financial year, will normally reflect the changes made from the date of
Inst2113tion and robing of the new Master, Deputy Master and Clerk lif applicable), at the July Audit Court
Meeting, i.e. partway through the Charity's financial reporting year, together with the appointment of anv
new Past Master or Liveryman Trustee. The re-appointment of and changes to the Trustees during the
current financial year were approved at the Company's Court of Assistants Meeting held on 16 July 2024.
Page 2

The Worshipful Company of Plaisterers Charitable Trust
Trustees, Report
The Managing Trustees who acted during the current financial reporting year were as follows.. -
Mr P R A Baker, Past Master & Chairman (Retired 16 July 20241
Mrs M A Coates, Past Master & Chairman IAppointed 16 July 20241
Mr T A W Edwards, Liveryman (Re-appointed 16 July 20241
Mr S A Gilbert, Deputy Master (Re-appointed 16 July 20241
Colonel (Rtdl G S M Manger, OBE, Clerk (Re-appointed 16 July 20241
Mr A K Mitchell, Deputy Master (Re-appointed 16 july 20241
Mr S P Steinbock, Liveryman (Re-appointed 16 July 20241
Mr l G Minett, Master (Appointed 16 July 20241
RESTRICTED FUNDS
The Manchester and Salford Fund
Established in 2002 by a Gift of £50,000 (with an additional £1,000 in 20041 from the Trustees on the winding
up of the Manchester, Salford and District Building Trades Employers, Association. The fund is designated to
support education and training the plastering industry.
Restricted Training Fund
Established in 2007 with a gift of £IOO,000 from a generous Liveryman benefactor. The aim of the Fund is to
support and maintain the quality and diversity of plastering and dry lining skills in the UK. With the agreement
of the donor Inow deceased) this will be achieved by way of bursaries, grants or other awards.
With the agreement of the donors of each of the above two Funds, the Trustees resolved to invest the capital
of each Fund to create income to achieve the Funds, individual aims. It was also agreed by the donors of each
Fund to apply the Charitable Trust's Reserves Policy, described on page S, to the income generated from the
investments.
th
The Trustees resolved on 11 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 £SO,000 made by Llveryman Andrew Spurling Inow deceased)
in recognition of the 200 Anniversary11817- 20171 of some twelve Spurling family members of the Livery
Company, of whom seven were former Masters of the Company. The income from this donation is currently
being used to support a bursary for the furtherance of education and training in heritage plastering skills via
The King's Foundation (formerly The Prince's Foundation).
Page 3

The Worshipful Company of Plaisterers Charitable Trust
Trustees, Report
DESIGNATED FUNDS
500 Annlversary Fund
Established to commemorate the 500, Anniversary of the Eranting of the first Royal Charter by Kin8 Henry
Vll to The Worshipful Company of Plaisterers in 1501. The income from this fund currently SLJpports a
chorister at St Paul's Cathedral.
Harry Humber Fund
Established in memory of Past Master land sometime Clerk) Harry Humber. Originally 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 music related educational need. During the current financial year, this Fund has been used to provide
a scholarship bursary for 3 student at the Loughborough Schools Foundation, of which the late Past Master
Harry Humber was an alumnus.
Henry Mott Fund
Established in memory of Past Master land sometime Clerk) Henry Mott. The income supports a chorister at
Peterborough Cathedral.
Transfers from the Unrestricted General Funds of the Charity are made to the Designated Funds, when
necessary, to ensure that the Trust meets the ongoing objectives of these three Funds.
The Platinum Jubllee Fund
During the financial year 2021122, the Trustees considered a proposal to establish a Platinum jubilee 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 four of the Livery Company's Military Affiliates and Peterborough
Cathedral, all five of whom shared significant annivers3ries of association with the Livery Company and the
Charity during 2021/22.
At the january 2022 meeting of the Court of Assistants, the Livery Company resolved to match this allocation
and made a gift of shares to the Charity to the value of approximately £50,000, which were subsequently
encashed, thereby establishing a total fund value of £lOO,000.
The charitable organisations selected by the Trustees and the level of one-off grants agreed to be paid were
as follows..
Royal Marines Association IThe Gordon Messenger Centrel
SRR Association (The Plaisterers, Educational Fund)
HMS Dragon la Type 45 Destroyer)
282 (East Haml Squadron, Royal Air Force Cadets
Peterborough Cathedral
£45,000
£15,000
£5,000
£15,000
£20,000
The only grant paid during the financial 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 financial year 2022123 and the
remaininE Erants were paid during the financial years 2022 to 2024, except the grant to HMS Dragon. That is
likely to be paid during the financial year 2025126.
Page 4

INVESTMENT INCOME
The Trustees look for a 'total return, of income combininE capital gains and investment income. The
performance of the funds showed a small surplus in the net movement of funds of £47,706 in this financial
year12023-24.' surplus of £166,116). This brings the total funds in the Investment Portfolio to just over £2.5
million12023-24.' just under £2.5 million). Within these figures, there are net realised and unrealised losses
on investments of £3,848 during thi5 financial year against gains of £138,203 in the previous financial year
2023124.
PUBLIC BENEFIT
The Trustees have had regard to, and are fully aware of, the guidance on Public Benefit issued by the Charities
Commission and have taken notice of this guidance in all relevant discussions on distributions of bursaries,
grants and other awards. During the current financial year £83,62512023-24.. £79,300) was distributed in
charitable attivities to various groups of recipients, as follows..
23% in the furtherance of education and training in plastering
36% in the education of Choristers and the provision of financial support for music education
initiatives to schools, including those in impoverished areas of the City of London and Greèter
London
18% to HM Armed Forces benevolent funds
6% Chaplains, Grace, to a charity nominated by the incumbent Honorary Chaplain
17% to other registered charities
RESERVES POLICY
The Trust is a grant-making trust, which derives its income from donations, gifts, legacies and investments.
In recent years, the Trustees have significantly built up the charitable foundation to just over £2.5 million by
partially limiting distributions, moving investments into equities and receiving large equity transfers. Whilst
the Trustee5 wish to continue to increase the capital reserves, at the same time they also wish to increase
charitable grants, subject to an overall increase in the available incoming resources.
RISK ASSESSMENT
As described in the foregoing section the Trustees have adopted a reserves policy which is designed to
increase the assets of the charity over time to ensure its long-term future viability as a grant-making trust.
They have reviewed the risks that could possibly be faced by the charity and are satlsfied that by taking a
reasonably conservative view, they are mitigating the risks to which the charity may be exposed.
FINANCIAL YEAR END ITEM OF SIGNIFICANCE
Following a review of the historical investment performance of Rathbone Investment Management Limited
I'Rathbone'l the Trustees, together with the Custodian Trustee (The Worshipful Company of Plaisterers'l
and Plaisterers, Hall Limited, identified a potential need to replace the current investment manager.
Having shortlisted and interviewed three appropriate potential investment managers (including Rathbonel
from a much longer list of potential investment mangers the Trustees resolved at their meeting held on the
4, lune 2023 to appoint Waverton Investment Management Limited I'waverton'l to replace Rathbone as
investment manager for the Charity (the other two entities subsequently similarly resolvedl, by employing
one investment manager to oversee all three entities investment portfolios on advantageous terms.
Page 5

FINANCIAL YEAR END ITEM OF SIGNIFICANCE (Continuedl
The transfer of the Charity's investment portfolio from Rathbone to Waverton took place on the 22 july 2024.
During 2024125 Waverton merged with London & Capital IL&CI. In March 2025 L&C and Waverton
announced the company would be consolidating its brands under a new name WIM. There has been no
change to the Charities and Specialist Investor team that look after WCPCT.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Charity's Trustees are responsible for preparing the Annual Report and Financial Statements in
accordance with applicable law and United Kingdom Accounting standards Iunited Kingdom generallv
accepted accounting practice).
Charity law requires the Trustees to prepare financial statement for each financial year which give a true and
fair view of the state of the charity and the incoming resources and application of those resources of the
charity for that period. In preparing those financial statements, the trustees are required to..
al select suitable accounting policies 3nd apply them consistently,.
bl observe the methods and principles in the Charities SORP,.
cl make judgments and estimates that are reasonable and prudent,.
dl state whether applicable accounting standards and statement5 of recommended practice have
been followed, subject to any departures disclosed and explained in the financial statements-
el prepare the financial statements on the going concern basis unless It is inappropriate to presume
that the charity will continue in operation.
The Trustees are responsible for keeping proper 3ccounting records that disclose with reasonable accuracy
at any time the financial position of the Charity, and which enable them to ensLJre that the financial
statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the
provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence
for taking reasonable steps for the prevention of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by:
Margaret A Coate5
Trustee
Date:
21L
Page 6

INDbPEINDEINT EXAMINER'S BEIPOR'r
THE WORSHIPFUL COMPANY or PLAISTEI RS CHARITABLE TRUST
FOR I'HE YEI AR ENDED 5th APRIL 2025
l i'epoit to the Ti'ustees on my examinatioi) of the accoiiiits of the Worshipful Company of Plaistcrers Cliai"itable Trust
(the I'rust) for the yeai. ended 5 Api'il 2025.
Re5ponsil)ilities and basis of report
As the cliarity tlllstees of ihe Tiii%t you are rcspoiisible for tlie prepatation of tlie accounts in accoi'dance with the
requii'emenls of the Charities Act 2011 {'tl)e A¢t').
I repoil in respect of my exan)ination of tlie Trust's accounts can'ied oiit ulldei. section 145 of the 2011 Act and in
caiyyiiig out niy examination I have followed all the applicable Directions given by the Cliarity Commission under
seclion 14515)(b) of th¢ Act.
Independent examiner's statement
I have conipleted my exaniination. I confji'm that no matei'ial niatters have come to Iny attention in ¢onnectson with the
exainination giving ine cause to believe that iii any matei'ial i'espect..
acco￿lI]ng records were not kept in respect of the Trnst as required by section 130 of the Aet; or
tile accounts do not accord witli those i'ecords. or
the accounts do not con)ply witli tlie applicabl¢ requii"emenls concerning tlie foLin and content of accounts
sct out in the Charitics (Accounts and Reports) Regulations 2008 othei" tlian any iEquirement that the
accounts give a'iNc and fair view, which ss iiot a mattcr consideiEd a% part of an independent exaniination
I have no concerns and have corne across no other matters in connection with the examination to whicl) attention should
be drawn in this repoi't in order to enable a propel. undei'standing of the accounts to be reached.
o(Te '1 b IEI UIP
Adam Fullertoii fiCA DCIIA,
On helialf of Moore Kingston Smith LLP
Chai"lered Accauntanls
6t1) Floor
9 Appold Street
Loiidon
EC2A 2AP
Date.. 23 July 2025
Page 7

rHE WORsIifpFUL COMPANY OF PLAISTEI RERS CIIARITABLE TRUST
STATEMFNT OF FINANCIAI. ACTIVTTICI S
FOR TIIE YF.AR EINDED 5th APKIL 2025
Unresti'icted Restricted Total f4unds Uni'esti'ieted Restricted Total Funds
Fuiids
Funds
2025
Funds
unds
2024
Notes
Income and endoivments
Donations and legacies
Investnicnt inLume
54.910
73,992
128,902
54,910
88,217
143,127
49,055
57,733
106,788
49,055
68,571
117,626
14,225
14,225
TO'I'AL INCOMF.
10,838
10,838
EXPF.NDITURE
Costs of raising funds
InvestTnent Management Costs
Chat'itable a¢tivitic8
'roTAL EI XPENDITURE
1,084
72,714
73,798
209
17,566
17,775
1,293
90,280
91,573
4,014
69,739
73,753
772
15,188
15,960
4,786
84,927
89,713
NET OPEI RATING
INCOMEIllLXPENDITURE)
55,104
(3,550)
51,554
33,035
{5,122)
27,913
OI'IIER REI COC.NISED GAINSI(LOSSLI S)
Gainl{Loss) on Investnicnts
(3,028
820
3,848)
116,026
22,177
138,203
NET INCOMEI(EI XPENDITURE)
52,076
(4,370)
47,706
149,061
17,055
166,116
Gross transfers between furtds
{17,775)
17,775
{15,960)
15,960
NET MOVEMENT ￿ fiUNDS
34,301
13,405
47,706
133,101
33,015
166.116
RECONCtLIATION OF FUNDS
Total funds brouglit fi)rwai'd
12
2,181,070
316,828
2,497,898
2,047,969
283,813
2,331,782
BALANCES CARRIED fi ORWARD
2,215,371
330,233
2,545,604
2,181,070
316,828
2,497,898
All ainounts r¢late to contEiiuing activities. All recogt]is¢d gains and losses are included ill tlie Stateinent of Finat)cial Activitie$.
Page 8

THE WORSHIPFUL COMPANY OF PLAISTERERS CHARITABLE TRUST
BALANCE SFIEEI T
AS AT 5th APRIL 2025
Notes
2025
2024
FIXED ASSEITS
Investinents
2,482,721
2,498.634
CURRENT ASSEI TS
Debtors
Cash at Bank
24,302
45,928
70,230
9,651
12,716
22,367
CURRENT LIABILITIES
Creditors - falling due within one year
io
(7,347
{23,103)
NEI, CURRENT {LIABILITICI S)IASSETS
62,883
(736
NKT ASSETS
2.545.604
2.497.898
FUNDS
12
Restrleted
Uni'estrieted
330,233
2,215,371
2,545,604
316,828
2,181,070
2,497,898
Approved by tlie fi'ustees and autl)orised for issue on.. 22 July 2025
and signed on their belialf by..
Trust¢¢
Pag8 9

TIIE WORSHipfi UL COMPANY Ob PLAIS'I'LREIIS CHAIIITABLE'I'RUSI.
NOTF.S TO THE FINANCIAL STATEMENTS
riOR THE YEI AR EINDEID Sth APRIL 202S
ACCOUNTING POLICIES
lal Rasts of Preparation
Tliese fJiiat]cial siatejncnts air prepared on a going coiicern basis, under t]ie historical eost convention, as
Inodified by the revaluation of investments being measured at fair value tlii'oiigl) income and expenditure within
tl)c Statcment of Fir￿nCial Activities.
The fjnancial stateinents have been prcparcd in accordance with the Financial Repoi'ting Standard applicable in
Ihe UK and Republic of li"eland {FRS 1021. The Charily 15 a public benefit entity fur the pui'poses of FRS 102 and
thereforc tjie Charity also pirpaird its fSllallcial statcnients iii accordancc with tlie Statemcnt of Rccammcndcd
Practice applicable tu cliai'ities prepai'ing iheir accounts in accoi"dance with t]ie Fi[￿nCial Reportiiig Standard
applicable in the UK and Republic of Irela[￿ {Tlie FRS 102 Cliai'ities SORP) and tlic Chai'ities Act 2011.
Tlie financial statements are prepared in sterling, which is tlie functional currency of the cliarity. Monetary
amounts in tliese fii)ancial statenients are rounded to the neaTest pound.
The pi'incipal accounting policies adopted in the prepai?tion of the financial stateinents are set out below.
(b) fiuiid Sti-uctllre
U￿.¢Stl"iCted inLon)e funds are funds that are available foi. use at the ti'ustees, discretion in r￿therance of the
objectives of the c1￿￿.1(y.
Resti'icted funds air those donated for use particular area or foi. specific purposes, tlie use of wliich is
I'esti'icted to tliat ai'ea or purpose.
Designated fiinds are uMEstricled funds set aside at tlie discretion of trllstees for specifIc pui'poses.
Furtl)er details of eacli fL￿d are disclosed in note 12.
{c) Income
All iticoii)c is r¢cogt]ised in tlie Statement of Financial Aeliviti¢s (SOFA) wlien tlie conditions for r¢c¢ipt hav¢
been Inet and i'eceipt 15 probable. Where ft claini for i'epayjnent of incoine tax lias been or will be inade, sucl)
ineomc 1% gi'os8cd up foi. tlie tax reeoverable. Tlie following accounting policies are applied to diffeJEnt
categoj-ies of i21coiI)e'.
Gi'ants and Donatlnljs Receivable
Gi'ants and Doiiatioiis ai"e recogiiised in the SOFA wlieii coi)ditions foi. receipt have been complied with.
liivestinent Iiicomc
Interesl iEceivable on deposlt and securities is accounted for as it accrues. Dividend incoine receivable on
securities is accounted for when received by the investment Inanagei..
Id) Expenditui'e
l.iabilities ale iEcognised as expendi￿re as sooti as there is a legal oi. constructive obligatioi) coiiiiiiitling the
chai'ity to the expeiiditui'e. All expenditure 15 accoullted foi. oil an accruals basis and has beeii classified under
headings that aggregate all costs related to tli¢ category. Tlie following accounting policies al'e applied to tlie
different categoiies of expenditure..
Costs of Raisiiig Fuiids
Tlie costs ofi'aising fviids consist of iiivesknnent Inanageinent and certain legal fees.
Chai'itable Activities
Doiiations payable al'e recognised when they alE approved by the Tll￿tees and the recipient of tlie grant has
been infornicd of tlic aTnount to be paÉd.
Pag8 10

THE WORSHIPFUL COMPANY or PLAISTERLIIS CIIARITABLE TRUST
NOTEI S TO THF. VINANCIAL STATEMENTS
r4OR THE YEAR ENDED 5th APRIL 2025
ACCOUNTING POLICIES (Continlled)
Goveriiance Costs
Govei'nance costs cojnprise 811 costs involving the public accountability of tlie charity and its ¢oinplÈanee wit]1
regulatloll and good pi'actice. Tllcse costs include costs i'elated to statutory audit fccs together with support
costs.
(e) Investments
Inveslments arc 8tatcd at ntsrket value at the Balance Sheet date. The SOFA includes the Det gains and losses
on revaluation and disposals tI￿OU81)0ut the year.
(D Realised and Unreali$¢d Gain5 and Losses
All gains and losses al'e taken to t]ie SOFA as diey arise. Realised gains and losses on investments are calculated
as tlic diffei'ence between sales proceeds and opei)ing market value (puichase date if later). Uiirealised gains and
losses al'e calculated as the difference between the Inarket value at the year end and opening market valuc {oi'
purchase date if latei')-
(g) Going Coiicern
The'frustees have assessed wl)ether the use of the going concern basis is appropriate and have considered
possible events oi. conditions Ilial migl)t ¢ast sigllificaiit duubi on tl)e ability of tile cliarity to continue as a going
conc￿.￿. Tlie trustees have Inade this assessn)ent for a period of at least one year frojn tile date
of approval of the financial statements. In pai'liclllai. tlie ti'ustees liave considei'ed tlie ¢l)arity's forecasts and
projcetions alid Iiave taken account of pi'essures oil donation and investinent income. After making enquiries the
tiustees have concluded that tliere is a reasonable cxpectation that the cliarity has adeqttate resoiirces to continue
in opei'ational existeiice foi the foresecablc fumre. The charity thei'cfoi'e continucs to adopt thc goillg con¢eim basis
in pjcpai'ing ils fii)ancial statenients.
{h) Finatlcial Instruments
Tlie cljarily lia% elected to apply tlie provisiot]s of Section I I 'Basic Financial Instruments of FRS 102 to all of
its fJt]ancial inst1￿mentS. Financial insti'uniellts are i'e¢ognised in tlie charity's balancc sheet when tl)e ¢hai'ity
becoines party to tlie conti'actual pi'ovisions of tlie Inst￿n)ent. Finan¢ial assets aiid liabilities air offset, witl) tlie
nct atnoullts presented in the financial statenients, when thcir is a legally enfoiceablc l'ight to Set off the
recognised aniounts and there is an intention to settle on a net basis or to rcalise the asset and settle the liabiliry
simultaneously.
With the exceptions of prepa)4nenls and defe￿ed income all other debtor and creditor balances al'e cot]sidered
to be basic f￿anCIal instruments under FRS 102. See notes 9 and 10 foi. the debtois and creditoi"s notes.
(i) Cash and Cash Equiv81ents
Cash and cash equivalellts include cash in hand, deposits held at call with baiiks, other short-term IEqllid
invcstments willi oi'iginal matui'itics of tliTee inontl)s or less.
li) Key Ei stimates aiid Judgeinents
lil preparing financial statemcnt% it is necessary to ￿￿ke Certain judgements, estirnates and assumptions that affect
tlie amounts reeogmised in ihe fll)ancial stalemenls.
In the view of tlie TI￿SteeS in applying the aecountii)g polici¢s adopted, no judgements were i'equired that have a
significant effect oji thc aniounts recognised in tlie fjnallcial slatements noi. do any estimates or assumptions inade
cary a significant risk of nvaterial adjustment in tl)e next fitiancial year.
Page11

THE WORSHIPFUL COMPANY OF PI.AISTEKLRS CELIRITABLE TRUST
NOTES TO THE blNANCIAJ. STATEMENTS
IIOR THE YEI AR ENDEID 5th APRIL 2025
DONATIONS AND LECACIES
2025
2024
Appeals and doiiations
54,910
54,910
49,055
49,055
INVESI'MENT INCOMC
2025
2024
Income froni listed investments
Itilerest on ¢as1i deposits
73,992
14,225
88,217
57,733
10,838
68.571
CHARITABLE ACTIVITIES
2025
2024
Grants payable- OtheT (see note 5)
TTaining awards adminisli?lion
Support costs (See note 6)
83,625
666
5,989
90,280
79,300
188
5,439
84,927
GRANI'_MAKING
2025
2024
10,000
9,000
8.000
7,500
7,000
6,000
5,615
5,000
4,000
3,000
2,500
2,400
2.000
2.000
1,700
1,700
1,500
1.500
1,350
750
750
360
5,000
4,500
8.000
7.500
5,000
3,000
5,000
Tlie King's Foundation (BuTsary)
St Paul's Catliedral Poundalion
Loughboi'oiigli Scliools Fouiidation
Pc1￿'boroUgh Catlieth'al
Chuirh Choir
Pi'ioi. Wcsteix School
Fioiit Line Naval CliaplaTTi
Tlie FiiEt Aid Nui'sing Yeomanry
Royal Maj'ines Asso¢iatioii- A Merry
]3oiu]y Dow￿% Community Association
SPAB Colesliill
Tlieo Nesbitt- Course donation- yeai. I
TRMC F.ntetyi'ises Ltd
Api)renti¢es of the year & runners up
Student8 of tlie yeai. & runnei's up
Cai'lisle College
NPTC
St Vedast eolleclion
Ci"aveii College
Llandrillo College
282 F.ast Harn ATC
Loi'd Mayors Appeal
Master's charily- The Children's Society
Aid to Uki'aine
Bliiid Veterans UK
SaTnai'itans
Tl)¢ CliildiEiis Magical Taxi Tour
DMR Tiaining & Consuliancy
2,500
5,000
2,500
2,800
1,700
1,500
750
1.500
500
5,000
4,000
3,000
2,500
2,500
2,000
1,500
P8gt 12

'J'HL WORSkllPlI UL COMPANY OF PLAISTERERS CHARITABLE TRUST
NOTF.S TO THE VIINANCIAL STATEMEI NTS
riOR I'HE VEAR ENDED 5th APRIJ., 2024
GRANT-MAKING {contÈnued)
2025
2024
K Dycj.
College of Noi'tli West London
St Mary's Cliuich
Total otlier gi'ants
900
750
400
79,300
83,625
SUPPORT COSTS
2025
2024
Bank charges
Accountancy fees
GoveTnance- independent exaininei's fee (current year)
251
1,056
4,682
5.989
247
984
4,208
5,439
TRUSTEES, REMUNERATION AND kXPTr.LYSLS
No Trustees received any i'emunei'ation during the year (2024.. £0)-
ILYVESTMENTS
Movement in fixed asset listed investments
2025
2024
Market Value Brought Fonvard
Additions at cost
Less Disposal proceeds
Net gainsl(losses) on investinents
Market Valiie Cari'ied fioi'ivard
2,498,634
2,587.689
(2,599,754)
{3.848)
2,482,721
2,331,790
68,263
(39,622)
138,203
2,498.634
Historical cost of Investments as at 5th April
2,560,113
2,191,037
Geographical Aiialysis
United Kiiigdoni inve5tnients
Ovei'seas investments
626,230
1,856,491
2,482,721
2,498,634
2,498,634
DEBTORS
2024
2024
Pirpayments and accrued income
24,302
24,302
9,651
9,651
Pagè 13

THE WORSHIPFUL COMPANY OF PLAISTERERS CHARITABLE TRUST
NOTLS I'O THL DINANCIAL STAI"LMENTS
riOR I'HL YLI AR ENDLI D 5tli APRIL 2025
10 CREDITORS: Atnollnts falling due witliin one year
2025
2024
Other creditors
ACC￿a]S ajid deferred intoine
Grant comiiiitments
2,847
4,500
2,847
5,256
15,000
23,103
7,347
11 RELATED PARTIES
Related pai't), transactions
Diiring Ilie year the Cliaiity received £8,739 (2024.. £nill from Ti'u5tees, includiiig the Worshipfiil Compat]y
of Plai5teiEis. Tlie followillg TINsles are all inenibers of t]ie Livery Coiiipally'5 Court of Assislat]ts.' Petcr
Baker. Maigaret Coates. Adam Edwards. Stephen Gilbert, Colonel (Retdl Garth Manager aiid Anthony Mitcliell.
No Trustees received any remunei'ation during the year or were reimbursed for their expenses12024.' £nil)
No Trustee or othcr per%on rclatcd to the Cliarity had any pei¥onal interest in any ¢onti3¢t or transaction
enlered into by the Cliai'ity duj'ing tlic year12024'. nil)
Controlling eRtity
The Charity 15 controlled by the T￿ste¢S.
12 MOVEMENT IN FUNDS
Brought
forivRrd
2024
Ggfinsl
{losse8)
2025
C&ri'lcd
loi'ivArd
2025
Ineoliie
Expetiditure
2025
Transfers
2025
2025
Designated funds
Sooth Aiiniver&ary
14 14uinber
H Mott
50,000
26.000
58,000
134,000
18,000)
(7,500)
7,000
{22,500)
8,000
7,500
7,000
22,500
50,000
26,000
58,000
134,000
Unre$trlcted fund$
UmEstricted incoine fi]nd
2,047,070
128,902
{51,298)
IJ,028) (40,275)
2,081,371
Re5ti'icted fuiids
Man¢liestei" and Salford
and Restricted T12illillg
fund
Spurling Bursary fund
266,828
50,000
14,225
18,775)
9,000)
(820)
8,775
9,000
280,233
50.000
Total
2,497,898
143,127
{91,573
13,848
2,545,604
Page 14

THE WORSHIPFUL COMPANY or PLAISTERLRS CHARITABLE TRUST
NO"I"ES TO lilNANCIAL STATf4 MF.NTS
FOR I'IIL YEAR ENDED 5th APRIL 2025
12 MOVLI MENT IN FUNDS (eorttinued)
Brought
fol'ivard
CAinsl
{1055es)
2024
Cari'ied
foi'ivard
2024
Incurne
2024
xpenditllre
Transfei's
2023
2024
2024
Dtslgnated funds
500th Anniversary
H Humber
11 Mott
Platinuni Jubilee Fund
50,000
26.000
58,000
18,000)
17,500)
15,IX)O)
8,000
7,500
5,000
50.000
26,000
58.000
134,000
120,500)
20,500
134.000
Uni'estricted fund$
Unirslricted income fuiid
1,913,969
106,788
{53,253)
116,026
(36,4601
2,047,070
Restricted fund$
Manchesi¢T and Salford
and Restricted Ti?ining
fund
Spui'ling Bursary hnd
233,813
50,000
10.838
(11,4601
4.500)
22,177
11,460
4.500
266.828
50,000
Total
2,331,782
117.626
89,713)
138,203
2.497,898
500111 Aiiisiveisoi
Establislied to ¢oniiMeniorate the 500th Anrtiver5ary of the El?nting of the first Cliarter lo the Worshipful Compally of
Plaisterei% in 1501. Ilie illcoine frojn Iljis fund CUETelltly supports a choijster at St Paul's Cathedral.
HJluJJibe
Establislied irt nieniory of Past Master Heiiiy Humbei.. The inconie originally supported a bllrsary foi a post kryaduatc
sttident at the Guildhall School of Miisi¢ 2nd Di3ma. In iecenl years it ha5 suppoiled the work of llie VC19 Foundation.
Ilmoll
Established in memory of Past Mastei. Henry Mott. The income suppotts a choi'i5ter al Pclcrborough Cathedral.
PlwlEiiiiiii Jiibileefiiiid
Dui'illg tlie pi-ior ycar, tl)e Trustecs establislied a Platijiuni Jubilee Fund lo niaik HM Thc Qlleen's Plalinuiii Jubilee and
agreed lo provide a suiii of £50,000 10 be allocated as one-off grants to four of the Livery Coinpany's Mililaiy Affiliates
and Peterborougii Catliedial, all of whom sliared significant annive150ries witli tlie Lively Company and tlic Cljai'ity
diirii)g 2021122. At Ilje Janllaiy Lmeeting of the Couii of Assistant5, tlie Lively Con)party resolved to nmlcli lliis
allo¢ation aiid Inade a gift to the CliaTity to thc value of approxiTnately £50,000, thereby establishing a lot21 fund value
of £IOO.aOO. This was fully Spent in tlie 2022 year.
Tlie Maiichester oiidS&lloi.d Fiind
Eslablishcd in 2002 by a gitl of £50,000 (with an addilional £1,000 ill 2004) fiY)m ¢lie trustees in winding up uf tl)e
Mancliester, Salfoi"d and District Buildittg Trdde5 F.niploycrs' Association. The fund is foi. tlie purpoqe uf suppoiting
education and training iii Ilie industiy. Tlie Trustee5 re501ved on I l June 2015 10 amalganiate tlie two funds, liencefordi
to be known as'Tlie Manclie5tei' and Salford i'estricted Trainitjg Fund,.
RÉ&ii'icled Ti'aiiiiisg Fiiiid
Established in 2007 with a gift ()f £1 00,000 from a generous benefactoi., the aim of the fund Is to suppojt and mainv4in
the quality and divcrsity of plast¢iing at]d drying skills in the UK. Witli agyccjneni of tlie donoi. tliis will be achieved by
wav of buiEaries.
Spui'liiig Buisaiy Fttiirf
Esiablishcd during tlie 2021 year by a gcncrous donaiion of £50,000 Jiiade by Liveiymaii Alldrcw Spurling in
TecoEnition of Ilie 200111 Aiiniveisai'y {1817- 20171 of some twelve Spui'ling faimily Jiienibers of tile Liv￿Y, of whom
seven were foi'nieT Masteis of the Cojnpany. The illcojiie froin thi5 doiiation is used to siippoit a biiiEaiy for the
ediication aiid IraiiiinA of a plasterej. iii hcriiaRe plasteriiiK skEIIs.
Pag815