Docusign En¥ÈlopÈ ID." 8B3C51E6-04DE4DOD4987-FFA3A6BA61E4 THE COACHMAKERS AND COACH HARNESS MAKERS CHARITABLE TRUST 1977 REPORT AND ACCOUNTS 31 AUGUST 2022 Registered Charity Number 286521
Docusign En¥ÈlopÈ ID." 8B3C51E6-04DE4DOD4987-FFA3A6BA61E4 THE COACHMAKERS AND COACH HARNESS MAKERS CHARITABLE TRUST 1977 ORTF R THEY AR 22 The Coachmakets and Coach Harness Makers Charitable Trust 1977 was established by a Trust Deed dated 23 August 1978 and incorporates the Charitable Trust and two subsidiary funds.. Thè Eri¢ Beverley Memorial Fund Coa¢hmakers Motor Car Centenary Fund The Trust is a registered Charity number 286521. Trustees.. Mr M Kimber FRICS, FAAV Mr M Payne Appointed 1.9 2021 Mr I Smith Principal Address.. The Old Barn Chur¢h Lane Glenth8m Market Rasen Lincolnshire LN8 2EL Professional Advisers.. Bankers.. Bank of Scotland, 38 Threadneedle Street. London EC2P 2EH Investment Advisers.. Killik & Co 46 Grosvenor Street, London W1 K 3HN A¢¢ounlanls'. Alliotts, Friary Court, 13-21 HvJh Sireel, Guildford, Surrey GU13DL Independent Examiner." Janice Matthews FCA on behalf of Menzies LLP, Centrum House, 36 Ststion Road, Egham, TW20 9LF The objects of the Trust are set out in the Trust Deod and are to make.. Grants lo necessitous Freemen and Liverymen of the Coachmakers Livery company and ne¢essilous widows and children of deceased Freemen and Liverymen of the company., Charitable grants lo other necessilous persons., Grants lo charitable inslilulions., Fellowships, lectureships. scholarships, grants and bursarl8s and apprenticeships in aid of technical education", Fellowships, lectureships, scholarships, bursar$ and grants in furtherance of technul research,. Such other charitable objects as may be hereafter delerrnined by resolution of the Court of the Worshipful Company of Coachmakers and Coach Hamess Makers of London. In setting our objectives and planning our activities the Trustees have given careful Consideration lo the Charity Commission's general guidance on publrc benefit.
Docusign En¥ÈlopÈ ID." 8B3C51E6-04DE4DOD4987-FFA3A6BA61E4 THS COA¢HMAKERS AND COACH MARNESS PIAKERS CHARITABLE TRV8T 1977 Or aFiisalion Tb,e Trustees are appointed by the Court ol the Worghipful Company of Coachmakets and Cc>8ch Harness Makers ol London Theid must be no fewer than two Iruslees and they musl be fnembers of the company. Meetings or the Trustees set the overall policy for the running ol the Trust and determining donatior.ts Tlie day to day running of tne Ti ust Is carried out by the 'frusl'b profe%sional advisers. Th8 Court appoints Iiew tru5te85 to rpplaca rBliring Iruslees froni Past Masters of the Livery. The Trust's investments a governea by thè Trustee Act 2000. All investments are listed on the London Stock Exchange or are UK authorised unil trusts. l Activities Achievem nd Future Plans The Iruslees have reviewed the r*ertormanc& ol thè Fund manager during the yeai. and ale saiis!ied with Iheii managtrmenl ol the funds and Ih8ir Investment. The mgnagement of the lund8 ¢oniinues lo be based on Total return policy as previously stated. This year h3s conlinlied lo be vmiy volalile with the l.Ikrairte war, energy cri8i8, interest ral& rises, political uncertainly and the increase of the Gosl ol living. Through this peiiod the lund has been impacted by mark81 s&nlimenl and Ihare has beei", a hil lo the vaSue. We continue lo monitor the investments In an active maiirier. 'rh¢ Livery continues to lor.us on eIng an active Livery supporTring ytsullg people In OUT associated industries. I he Livery also mdintainod ils comrnilmenl lo award priz&s lor achievement to members of ils affilialfrd Service iinils. Reserves Polic il Is the poliLy ol Ihp Tiuslpes lo iiiainlain unreslricl8d funds al a level lo provide suffirienl ii)('Jme Irom investments in order lo meet Its adminislralive Costs aiicl meel appropriat& applicalions lor qrants k-ree res?rves at the year end, repie5ented by unreslricled funds. stood al £1,802,128120L1 £2, 192.6691. R15k Mand. einenl The TiustpeE lov rtsviewpd the major risk areas ¥n(S have taken appropri819 steps to lessen the risks so lar as Pa51b1e. Approve(I by the Trustees on 2023 and signed on th behalf by I Smith Trustpe
Docusign En¥ÈlopÈ ID." 8B3C51E6-04DE4DOD4987-FFA3A6BA61E4 THE COACHMAKERS AND COACH HARNESS MAKERS CHARITABLE TRUST 1977 TATEMENT OF TRUSTEE 'RE IBILITIE The purpose of this statement is lo distinguish the Trustees, responsibilities for the accounts from those of the independent examiner as slated in his report. The Charities Act 2011 requires the Trustees to prepare accounts for each finaneial year which give a true and fair view of the charity's financial activities during the year and of ils financ1 position al the end of the year. In preparing the accounts the Trustees should follow best pra¢tice and select sultsble accounting policies and apply them consislenlly., make judgements and estimates that are reasonable and prudent., follow the recommendations of the Charity Commission and of the accounting profession with regard lo form and ¢onlenl of the accounts, or disclose and explaln any departures there from-, and prepare the accounts on the going concern basis unless it is inappropriate to assume that the charity will be able to continue to meet 11$ objectives. The Tiuslees are responsible for keeping accounting records which are such as lo disclose, with reasonable accuracy, the financial position of the charity al any lime and lo enable the Tru51ees lo ensure that the accounts comply with the disclosure regulations. They are also responsible for safeguarding the charity's assets and hence for laking reasonable Steps for the prevention and detection of •rror, fraud and other irregularities.
Docusign En¥ÈlopÈ ID." 8B3C51E6-04DE4DOD4987-FFA3A6BA61E4 THE COACHMAKERS D COACH HARNESS MAKERS CHARI R Ister Charit Number 286521 BLE us INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HE COACHMAKERS AND C HARNESS MAKERS CHARITABLE TRUST 1977 I report lo the Truste6s on my examination ol the accounts of the Coachmakers and Coach Hafness Makers Charitable Trust I the trusl'l for the year ended 31 August 2022 set out on pages 5 10 10. Re8pon8ibilitio8 and basls of roport As the charity Iruslees of the Trust, you are responsible for the preparation of the accounts in a¢¢ordance with the requiremonls of the Charitses Act 20111"the kl'l. I report in respe¢l of my examination of the Trust's accounts carrièd out under section 145 of the 2011 Act and in ¢arrying out my examination I have followed all the applicable Direckn'ons given by the Charity Commission under section 14515llb} of the Act. Independent examlner's 1oPOrt statement Since the trust's gross income exceeded £250,000, your examiner musl be a member of a bcsdy listed in section 145 of the 2011 A¢1. l confirm that l am qualified to undertake the examination be¢ause l am a member of the Institute of Chartered Accounlanls in England and Wales, which is one of the listed b¢xlies. I have completed my examination. l confirm that no material matters have come lo my attention in Connection with the examinauon giving me ¢aus6 lo believe that in any material respect.. aGcounting records were not kept in respect of th8 Trust as required by section 130 of the Act,. or 2. the arxounls do not accord with those records," or 3. the ac¢ounls do not comply with the applicable requirement$ Gonceming the form and content ol aexounls set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view" whi¢h is not a maller considered as part of an independent examination. I have no concerns and have Come across no other mallers in connection with the examination to which attenlDn should be drawn in this ieport in order to enable a proper understanding ol the attounls lo be reached. This report is made solely to the charity's trustees, as a body, in ac¢ordan¢e with Part 4 of the Charities (Accounts and ReF)Ortsl Regulations 2008. My work has been undertaken so that I might slate lo the Charity's trustees those mallers l am required lo slate lo them in an independent examiner's report and for no other purpose. To the fullest extent permilled by law, I do not accept or assume responsibility lo anyone other than the Charity and the charity Iruslees as a body. for my work or this report. DusIgned by.. Janice Matthews FCA Independent examiner MENZIES LLP Centrum House 36 Station Road Egham TW20 9LF Dated 01-Feb-2023 634F24DE92A4471
Docusign En¥ÈlopÈ ID." 8B3C51E6-04DE4DOD4987-FFA3A6BA61E4 THE COACHMAKERS AND COKH HARNESS MAKERS CHAWTABLE TRik8T 1977 TAT ENT THE YEAR ENDED 31 ACTIVITI 2022 2021 Restricted Llnra8tried Fund 350 Restrthd Funds Anniverna Fund3 EThJNEd Funds To181 FLTrJs Total Fund5 Note8 Incomo •nd EndwM•nt from.. Don81v) received.. Sundry Evenls Bws$rie$ and Sponsorshlp8 Other Tr8ding A¢livil$ Inveslrnenl Incorr 7,596 172.101 10.800 12,000 30,rAIo 1.645 39,241 172.101 10.8tK) 12,000 2,310 27.119 1.650 12.000 Total Incom• 223,452 30,000 1.645 255,097 60.723 Expgndltur• R81sirvJ Funds Chorrtable AclnAtie8 90,958 138461 90,956 140.106 12,839 374,307 Totsl ExpondStur• 229,417 1,645 231.W2 387,146 N•t Incom• IExp•ndhur•l 15,9651 30,000 24.035 1326,4231 O¢h•r wcognb•d galn• I10•8•¥1'. Galns Ilossesl on inv8sim&ni as8ei$ 1294,5781 1294,$781 493264 Net Mov•m•nt In FundB 1300,5411 30,000 1270.5411 188,841 Roconclllatlon of Fund*'. Al 1 September 2021 2 102669 134 2.468.153 12 Bolanco Carrled I01d At 31 AugU•E 2022 £1802 128 £134 £365 350 £2.197 612 £2 468.153
Docusign En¥ÈlopÈ ID." 8B3C51E6-04DE4DOD4987-FFA3A6BA61E4 THE CoAmAKERs AND COACH HARNESS MAKERS CHARITABLE TRU8T1977 TATEMENT OF FINANCL4LACTWITIES FCAR THE YEAR ENDED 31 AUGIJST 2021 2021 2020 Unreslricled Funds Restn¢t¢d EndtyAJ Tot4 Funds Total Fwds In¢om• and Ety7n•nttrOrn.. (knWiffi$ r•colv8d'. Sundry Evanls Bur$8ry Sponsoiship OlheiTr8dgActi¥thtS In?¢tirLY 1310 28.057 1.850 Iz.000 1310 27.11 1.650 12,000 17.644 17.674 1,062 8,150 12.000 TO ifj¢om• S9,661 1,C2 60,723 67,486 eAp•ndbtur• RIn$ Fun¢$ ChalKaeA£tsyIvl¥ 12.839 373 245 12.839 374 307 8.000 107 896 Total Exp•n(lUW• see.084 1.062 387.148 1e3,89J N•t In¢rn• IExp•ndiur•l 1326.42YI 1326,4231 110b,2301 Olh•r r•cognl••d 94ln• Vo••••l.' G•ln¥1106108Jon Invqstmvrt 493.284 493.264 16S,083 N•t Mov•rn•nl In Furs iee.841 101.841 61.853 RKon¢lll4tloTrolFunrf*'. Al 1 Strptèmbtrr2020 1 935 828 134 385.3¥0 2 301 J12 2 239 459 B414nc• cirrf•d Iward At 31 Au9Wt 2021 £2 102 eeg £134 £365 350 £2,468 153 £2 301 312
Docusign En¥ÈlopÈ ID." 8B3C51E6-04DE4DOD4987-FFA3A6BA61E4 THE C0MmAKERs AND COACM HARNESS MAKERS CHARITABLE TRUST 1•77 022 FIXEO ASSETS Tangible fixed •ssels Inw$trnertLS 365,350 1,738 515 2,103.B65 265.35Q 2.C66.024 2.431,384 CVRRENT ASSETS Debtors YJx81ion rocov•ratrA8 C4gh •1 bonk Cash al bHnk- 100 Catsh owallhN invosiméni to 40.724 6.760 71.413 11.853 9.099 139.849 7,796 33 )1.504 13.402 81,075 CREDITORS Amounts due Y4itMn otho >w'. 46.102 NET CURRENT ASSETS 93.747 £2.197.812 36.789 £2,468,153 ENDOWED FUNDS 365. 265.350 RESTRICTED FUNOS 134 REsTRTED FUNtYd 350 Annivwsary 30,fy)0 UNAESYRICTEO FUNDS 12 I2.128 2,102.e69 E2.197 612 Appn)ve¢ by the Trtte 4 $vaned on Ihoir I Srnith TnièÈ
Docusign En¥ÈlopÈ ID." 8B3C51E6-04DE4DOD4987-FFA3A6BA61E4 THE COACHMAKERS AND COACH HARNESS MAKERS CHARITABLE TRUST 1977 TOT ACCOU ORT NDED 3 UGUS 2022 Bas's of Acec& ntln The charity wa5 eslabllshed by trust deèd dated 23 August 1978 and is a reglstered charty under the number 286521. The principal address Is Th8 Old Bam, Church Lane, Gleniham, Market Rasen, Lincs LN8 2EL. The accounts are prepared underthe hlsiorlc cost convention except as modified by thè Inclusion of investmtsnis at market value and in accordance wilh Stolemenl of Recommended Accounting Practice 'Ac¢ounlin9 and Rèporting by Charities, in accordance with the Flnanclal Reportin9 Standard appllcable in the UK and the Republle of Iraland IFRS1021 IChari1188 SORPIFRS102}} l¢ffective 1 January 20191. The charity is a Publ1¢ B¥nefil Enlily as defined by FRS102. Monetary amounts Inlhe68 a¢¢ounls art rounded to the nèargst £. b} Ass& Inv In accordan wilh the Charities SORP IFRS 1021, the charlly's investmanls 8r& Shown al market value and are all116tod on thg Siock Exchange or are UK authorisad unrt Iru$i8. Expenditure Is accounted lor on an a¢cruals ba815. The Irrec4)verable 6L8ment of VAT is includ•d wllhin the Item ol axpense lo whlch It rèlates. dl X8 Tho Trust Is a re9islered charity and the SU118 of its normal 8Ctivitie8 4r• nol Ilable lo taxallon. oln Al th8 time of approvln9 these accounls, the Trusteès had a rea$(able expeclati¢n th81 the Trust has adequatè rè$ources to continue in operatlon for the f¢r•8eeable future. Thus, the Trustee8 continue lo adopt the going conrn basis of aCntIng in preparlng these accounts. nected 80 AS detailed in Ihe Twsl¢es' Report. the Court of The Worshipful Company of Coachmakers and Coach Harness Makers efftctlvely controls the charity, as all the Trusteos are Members ol the Couri. The amount duè by Ihe charity al 31 August 2022 was £6,69312021- £6,725). 91 mean Income Is recognlsed in the Statement of FSnanclal Actlvities ISOFAI when the charity becom9$ entitled to the rèsourc¢$', it is rnore likdy than not thal all the TrustÉes will recbive the resources., and the monetary value can be measured wrth sufficient re118kn1rty. Giants and donatty)ns are 0Y included in the SOFA when the general income recognlts'on critèria are met. Income from interest and dldendS are in¢luded in Ihe accounts when recelpl 1$ probab, and the amounts w be measured r¢liably. h) es ains an This includes reali5ed and unrealised gains and lossès on the sale of invesknents, and any gain or loss r&suMirrfJ from revaluiThJ investments to market at the end of the year.
Docusign En¥ÈlopÈ ID." 8B3C51E6-04DE4DOD4987-FFA3A6BA61E4 THE COACHMAKERS AND COACH HARNESS IAAKeRS CHARrrABLE TRUST 1977 2 Charilable ACINe5 2022 Gran15 Support cost5 Govemance costs 113.415 25.129 1.562 £140,108 344,971 27,896 £374.307 rants The number and amount8 of grants pald during Ihe ye•rwere as follow5.. 1512021 201 lo IndivKlual$ 2212021-241 le nstitutiOnS 31,500 19,800 325.171 £344,971 £113.415 Gr8nis of over £1,tAIO were pgid tolhe following insliluiion$.' Brunel Univer81ty Loftdon cambrge Flylng Group Ltd Capel Manor CO19& Centlepoinl City University Hardship Fund Cranfidd Univer$ty Ethh Cavell Fund forNui8 Heriioge Ski115 Academy Hornthurch Alr Cade15 omchurch Sea CAdo11 Hospi18tily AclKin Imperlai Cell•g• London- Mgve Up Maker Ch811enge Imporial College of Sdance fa¢hnology and M•didne Kingston unIr$I1Y Klng$l¢n Univer511y Saturday Enginoerlng Club$ Lary Skills Councll WhotsrIghtApprenIie0 Lord Mayo¢s Apwal Mlnd in the Clty Néver Such Innoncan Queen Univwslly of London Foun¢•tlon Royal Na & Royal Marinos Char Salvatn Army Htsxton Sl James Gafllckhh@ Sl Paul's Calhedral Foundallon The Smallpi•¢8 TIus1 Tw$$eW Tru$i's Hockney food bank Ukrain¢ Appeal Young MlThYs Trust 7.000 8,000 1,300 20,WO 30.000 30,000 7.ty)0 20,000 7.500 1.000 5,000 s,000 20,000 15.000 30.000 30.0 15.000 2,184 15,000 13.000 1.OOCI 25,000 5,QW 20.000 1,013 1.0ts) 1.000 1.000 2,500 10,OJO 20,CQO 25.000 Sdaries Bank and cu8to(ty charg0$ IN$uran of $ilvgr lTh¥e$lmeni managemeni foo8 Irelallng te investment ad1¢$) Sundry ewses 6,744 133 1,618 16,614 20 8,528 168 1.604 17.543 E27 The average numbor of employee$ was 112021- 11 Independent •xaminotion fee$ £1,S62 £1.440 There was no remuneralion or benefils pr[18d lo anyTruslee or connecled person. There are no related parfy tranSajns olh&rlh8n ¥wlh the Worshwful Company of Coachmakers and Coach Hainess Makers of London as disclosed in these accounls. Certain Gos15 and gr8015 were paid bytha livery ¢ryany amounliw lo £36.967 ¥Yhich have been r8charged10 the chanty and income of £36,999 hag been ree*wed on b&hall of the charity.
Docusign En¥ÈlopÈ ID." 8B3C51E6-04DE4DOD4987-FFA3A6BA61E4 THE COACHMAKERS AND COACH N4KERS CHARITABLE TRUST 1977 Cost book valwal 1 September2021 Addilr4fi8 Cost bcJk valut al 31 August 2022 385,350 365.350 £36S.350 £365,350 Markèt valu•ai I S8Ptembtr2021 Sal•s Pur¢h8$o8 Gains110ss881 on In¥estm9M Ass•ts Markel Vakne 4131 AugUSI 2D22 .cée,034 1422,3251 389.382 1294.5761 É1.738.515 1,926.502 {453.2441 99.512 493,264 £2,066.034 igiorical ¢¢$1 EI,107,188 £1 036.714 JI in)YnIS aw ptal on Ihv LorOn SlrKk ExchBnge Qraro VK authorised unit trus$.. Other Dabtor$ PrepaYm6nis 40.724 7,632 £40 724 ¢unts wlhln year. Du• to lh8 Co8¢hm8kers Comp•ny Othorttedilors Acc813 and dgtsrr•d incom• 6.e93 33,859 5,550 8.725 4,894 £24.308 Tr•ngfw 8al8ne• 01 09.21 Irthm• 88L•rto 31.08 22 Gn8 Ed¢ 8e¥èA8y Mefflorial Fund CoacM)thern Moior Car Conl•ngry Fund 130.890 1.329 113,542 213,362 1 758417 2.101,e69 2.242 219881 223,452 244 380 {294.5761 1 511 501 1.802.128 1229.4171 30.0 30.000 134 1.645 11,6451 134 365,350 365.3SO £2468 153 Th& Er Bewrley Fund fvxo¥ldos burJones for su0 •iud•nts4tCr8nth6ld UniverJily of ronaulK• The Nty)torCar centsn Fund provides •Mual awards &ientS gridu•tss ofrnth Card9Th ¥4ithin Unw Kingdom. Tho Retstrided Fund rwesenli Ihg wrrjuo arn0 frorn tho Barqwl held fry the be1 ollh• Roy•l AJrf0rceJr Cadets Tho R8lriGted FU 35OAnniversJry presents rai¥td forchariiabl? GausesAI tho annN•rsary The Enth%¥meni holds perrnanBnUy Iho histori¢ wlyer In 201$ tythe W(XShipful Cornp8Thy ol CoothmAk4ry and Co8ch Harn8¥8 M8kots of La0. 13 UDrostitt8d Re8liiGted Fund balan$ 8131 August 2022 ar remeni&d by Tang¢ fixed a6set5 Investmenlg Not QUnI$$8¢$ 365.350 365.350 1.738.515 93.747 1.738.515 63.613 30,134 £1802 128 £56S 350 £2 197 612 10
Docusign En¥ÈlopÈ ID." 8B3C51E6-04DE4DOD4987-FFA3A6BA61E4 THECOACHMAKERS AND COACH HARNESS MAKERS CHARITABLE TRUST 1977 TIVITIES T 2022 Ert Motorear Restdc Momthal Centenary Fund 350 RoStd¢tad Futtd Fur AMlvef$8ry Fmd EThlowded Ti)ia Total min Donationsrgceived.. Swdry Fieeman HBffl• But88ry Ja9uai Land RowrSFtsihip SirWlliam LyoD5 Chatrtable TtU5t Advlles forGonpThdn9 fvM$'. EYent5 100 Club Hlrfr of 7.596 30.wo 1.e45 $9,241 I,?00 4,5 5,0 2,310 I,eS0 4,500 s,000 172.101 12,0 12.000 12,000 202.497 1,140 234,142 43.079 ¥ttstmentlnwm8 Bank ar oth•1 Ini•resi 17.3B4 f,329 2.242 20,935 17.643 219 081 1.845 255 097 eo,723 100 Club Eveni GranL* payab 6.000 84.956 104,770 8.744 6.000 84.956 8.000 e,839 Y4,P71 e,628 17,543 3,825 1.440 387 14J 7.000 1,645 ,744 Inveslm•nl f•os Olhei Govtrnènce 1.582 12.3361 1,329 30.000 24.035 1326.4231 Unreall¥ 1204,3181 140,e021 126.3621 1248,2851 431.292 41.072 13.OS21 {17,348} 138.2771 30.00 1270,5411 186.841 Al 1 September 2021 1 758 417 2 lea 163 2 301.312 At 31 Auw•l 2022 e1 611 501 £113.542 £177 065 ooo £134 £385 350 £2 197812 £2468153