THE COACHMAKERS AND COACH HARNESS MAKERS CHARITABLE TRUST 1977 REPORT AND ACCOUNTS 31 AUGUST 2024 Registered Chanty Number 286S21 THE COACHMAKERS AND COACH HARNESS MAKERS CHARITABLE TRUST 1977 TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Coachmakers and Coach Hamess Makers Charitable Trust 1977 was established by a Trust Deed dated 23 August 1978 and incorporates the Charitable Tnjst and tsvo subsidiary funds.. The Eric Beverley Memorial Fund Coachmakets Motor Car Centenary Fund The Trust is a registered charty number 286521. Trustees.. Mr M Kimber FRICS,FAAV Mr M Payne Mr I Smith Principal Address.. 25 Chattenden Lane Chattenden Rochester ME3 8LE Professional Advisers.. Bankers.. Bank of Scotland, 38 Threadr*edle Street, London EC2P 2EH Investment Advisers.. Killik & Co 46 Grosvenor Street, London W1 K 3HN Accountants.. Alliotts LLP, 3 London Square, Cross Lanes, Guildford, Surrey GU1 1UJ Independent Examiner.. Janice Matthew5 FCA on behalf of Menzies LLP, 2nd Floor, Magna House, 18-32 London Road, StsinesvUponvThames, TW18 4BP The objects of the Trust are set out in the Trust Deed and are to make.. Grants lo necessitous Freemen and Liverymen of the Coachmakers Livery company and ne¢e5Sitous widow5 and children of deceased Freemen and Liverymen of the ¢ompany', Charrtable grants lo other ne¢essitous persons- Grants to charitable institutions., Fellowships, lectureships, scholarships, grants and bursaries and apprenticeships in aid of technical education.. Fellow5hip5. lectureships, 5cholaT5hip5, bursaries and gran15 in fvrtherance of technical research", Such other charitable objects as may be hereafter detemined by resolution of the Court of the Worshipful Company of Coachmakers and Coach Harness Makers of London. In setting OUT objecb.ves and planning our activib.es the Trustees have gTven careful consideration lo the Charity Commission's general guidance on publK benefiL THE COACHMAKERS AND COACH HARNESS MAKERS CHARITABLE TRUST 1977 Or anisation The Trustees are appointed by the Court of the Worshipfvl Company of Coachmaker5 and Coach Harness Maker5 of London. There musl be no fewer than tsvo trustees and they musl be member5 of the company. Meetings of the Trustees set the overall policy for the ￿nnIng of the Trust and determining donations. The day lo day running of the Trust is carried out by the Trusfs professional advisers. The Court appoints new Iruslees lo ￿place reb.ring trustees from Past Masters of the Livery. Investment Powers The Trusvs investments are governed by the Trustee Act 2000. All investments are listed on the London Stock Exchange or are UK authorised unrt trusts. The trustees have reviewed the perforniance of the Fund manager during the year and are $ali$fied with their management of the funds and their investment. The management of the fund5 continues to be based on Total return policy as previously stated. This year has continued lo be very volatile wrth world events such as the Ukraine war, Middle East ¢onfli¢t, inflation, polili¢al uncertainty and the increase of the cost of living. We continue to monitor the inve$tment$ in an active manner and are e￿oUraged that the overall value has been maintained. The Livery continues to focus on being an 'Active Livery supportin9 young people in our 4ssocialed industries". The Iruslees have continued lo Support these ath"vrties wth an enhanced contribution for the 2024 and 2025 round of charitable giving. The Livery also maintained its commitment to award prizes for achievement to members of its affiliated service units. Reserve5 Polic 11 is the policy of the Trustees lo maintain unrestricted fvnds at a level lo provide sufficient income from investments in order lo meet its administrative costs and meet appropriate applications for grants. Free reserves at the year end, represented by unrestricted lunds. stood at £1,989,019 12023- £1,760,328>. Risk Mana ement The Tru51ee5 have ￿v￿Wed the major risk areas and have taken appropriate steps lo lessen the risks $0 far as possible. 19 Jun 2025 Approved by the Trustees on and signed on their behalf by.. 1_ 5_,4Q l*n &nith (Jun 19. 202S. 1246whi I Smith Trustee THE COACHMAKERS ANO COACH HARNESS MAKERS CHARITABLE TRUST 1977 STATEMENT OF TRUSTEES. RESPONSIBILITIES The purpose of this statement is to distinguish the Trustees. responsibilities for the accounts from those of the independent examiner as slated in his report. The Charities Act 2011 reqtjires the Trustees to prepare accounts for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial posits'on at the end of the year. In preparing the accounts the Trustees should follow best PTa¢ts"ce and select suitable accounting policies and apply them consi$tenUy', make judgements and eslimales that are reasonable and pnJdenl', follow the recommendations of the Charity Commission and of the èccounling profession regard lo form and conlenl of the accounts. or disdose and exk4ain any departures there from., and prepare the account5 on the going concern basis unless it is inappropriate lo assume that the charity will be able lo continue lo meet Ils objectives. The Trustees are responsible for keeping accounting records which are such as to disclose, with reasonable accuracy, the financial posrtion of the charity at any time and to enable the Trustees to ensure that the accounts comF4y with the disdosure regulations. They are also responsible for safeguarding the charity's asse15 and hence for toking reasonable steps for the prevention and detection of error, fraud and other irregularities. THE COACHMAKERS AND COACH HARNESS MAKERS CHARITABLE TRUST 1977 ister Chari Number 286521 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE COACHMAKERS AND COACH HARNESS MAKERS CHARITABLE TRUST 1977 I report to the Tnjstees on my examination of the accounts of the Coachmakers and Coach Harne$$ Makers Charitable Trust I'the trust'l for the year ended 31 August 2024 set out on pages 5 to 10. Responsibilities and basis of report As the Charty trustees ol the Trust. you are responsible for the preparation of the accounts in accordance wrth the requirements of the Charibes Act 2011 1.the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent oxamln•rf$ report statsment I have completed my examination. I confinn that no material matters have come to my attention in connects'on with the examinatson giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Act,. or 2. the accounts do not ￿COld wlh those records., or 3. the accounts do not comply wlh the applicable requirements concernin9 the form and conlenl ol accounts sel out In the Charrties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fair v*vK vthich is not a matter considered as part of an independent examinatson. I have no concems and have come across no other matters in conneclion wth the examination lo which attention should be drawn in thi5 report in order lo enable a proper understanding ol the accounts lo be reached. This report 1$ made solety to the ¢harity'$ Iwstees, as a body, in a¢¢ordance wlh Part 4 ofthe Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity s trustees those matters l am required to slate to them in an independent examiner's report and for no other purpose. To the fullest extent permrtted by law. I do not accept or assume respon5ibilily to anyone other than the Charity and the charty Iru51ees as a body, for my work or this report. fv1.44L ¥yS Janice Matthews FCA Independent examiner MENZIES LLP 2nd Floor, Magna House, 18-32 London Road, Slaine5-Upon-Thames, TW18 4BP 26 Jun 2025 Dated THE COACHMAKERS AND COACH HARNESS IAAKERS CHAFITABLE TRUST 1977 STATEMEMT OF FINAI4ClhL ACTMTIES R THE YEAR ENOED 2024 2023 FLvvJ$ knni Furwts FuNJ$ Total Funds TO￿ Funds N￿e$ Incomo arbd Entlowrnent from.. Donabons rew¥￿. Sundry Events Bursaries and Sp(￿SOrShpS Other Tradiro Adivthes Investment InC￿ne 1620 80.425 3.725 7.345 80,425 4,000 12,000 18.163 5,181 108,595 5,000 12,000 21.272 12.000 18.163 Totsl Inmmo 118,208 3.725 121,933 152,048 Exp•ndltur• Rai*ng Fund8 Charilabh ActiV￿e8 85.354 145.656 85,354 145.790 100,916 127.169 Total EXpend￿ul• 231,010 231,144 228.085 Not Incom• IExpondltur•l 1112.8021 11341 1109,2111 176,0371 O¢hor wognllgd g•lno Ilo•¥e•l'. Gain5 on inveslrnenl as5e15 341.493 241.493 37,981 Ngt Mowrngn¢ In Fund• 228.691 (1341 232.282 I￿,0$6) Re¢oncIl￿1*0n ol Funds.. Al 1 September 2023 1 760.328 33.744 2 159 556 2 197 612 Balance earrted fts￿8rd At 31 AygU¥t 2024 E1989.019 £37.469 £0 £365.350 £2.391.838 £2.159.558 THE COACH¥4KERSANDCOA¢H Tr1ORNESS 414KeRS CHAF¥TABLETRUST i•n TrETrE*R ENDED 21 ST2023 2022 Funds Fuhds FLtyJ$ Tcld FL￿￿ Inc¢im•*nd Endtswin•nlfronb.' sundry Events 3.744 39,241 IC•.385 1Q8.$95 10.8 12.(ts) 12.(O) 12.ro) Tolll Incorn 148.301 744 152.018 255.097 E¥•ndWt• IW.916 127.1 100.916 12?.109 .956 Totsl EMp•ndRur• 22e.c45 251.082 N•tlncorn• IExp•ndftufvi 9.781) 9.744 178.0371 24.0 Olh•i r•¢ounl*•d 4•ln¥Oo#•ttl'. .481 37.9a1 12W,5701 N•tlAo¥•m•ntln Fund• 141MJ)> 138.wl 1270,5111 I SqptthTrb•r 2022 134 3653 2 1P7 612 t 31 AuAuÉt 202J £1.7W.378 £J3.744 ÉlJ4 É3$5.39) .159.550 £2.197.812 THE COKNMAKER5 AND HARNE35 MAKERS cHNfffABLE TRUST 1971 FIXED ASSETS TaNJibl& fixed as8&ts In￿lments 365.350 1.946.264 2.311.614 385,350 1.702,120 2.067,470 CURRENT ASSETS Oeblor5 Taxation recovorabL* Cash al bank Cash èi bènk- 100 dub Cash 8w811ing invesimeni 10 17.274 932 47,795 10,$04 27,712 104,217 1.572 61,568 11,844 18.679 93.663 CRECYTORS Amount$ due within one year. 13,439 12,131 NET CURRENT ASSETS 80.224 £2.391.838 92,086 £2,159.556 ENDOWED FUNDS 385.350 385,350 RESTRICTED FUNDS 134 RESTRICTED FUNDS 350AM￿l$8ry 37.469 33,744 UNRESTRICTED FUNDS 12 1.989.019 1.760,328 £2.391. £2,159.556 19 Jun 2025 Approve¢ by the Tr￿lee5 on and swned on Ihwr beh4fby' 1_ 5_,4L Ith (Jun 19. 2Q2S. 12.46￿) Trustee THE COACHMAKERS AND COACH HARNESS MAKERS CHARrrABLE TRUST 1977 The ¢harrty wa$ established by trustdeed data 23August 1978 and is a registered charity under the number 286521. The principal address is 25 Chattenden Lane. Chattenden. Rochester. ME3 8LE. The accounts are prepared underthe hist0nccostlx￿Vent10n exrEpt as modified by the indusion of in¥estment5 at rnarket value and in accordanTr with Statement of Recommended Accounting Practice 'Accounling and Reporting by Chanbes, in accordance with the Financial Reporting Standard applicable in the UK and the Repullicol Ireland IFRS1021 Ichantses SORPIFRS10211 (effective 1 January 20191. The chanly Isa PU￿1¢ Benefil Entty as defined by FRS102. Monetary amounts in these aL￿UnIS are rounded lo the nea￿¢ £. bl Fix In acrordanc* wth the CharitEs SORP IFRS 1021. the ch8rity'3 investments are shown 8t market value and are all listed on the Sloth Excharye or a￿ UK authorised unrt trusts. Expenditure is accounted foron ¥n xryuals bg8i$. The irrecoverable element of VAT i¥ included within the rtern of exFen8e towhich it relates. dl The Trust 1$ a wistered chanty and the resdts of ils nomial actwths are not liable lo taxation. At the lime of app￿￿Tr9 these accounts. the Trustees had a ￿asona￿le expectstion that the Twsl has a¢Yequate resour￿ to continue in operation for the foreseeatle future. Thus. the Trustees continue to adw Ihe goiThJ 0)n￿rn basis of accounting In p￿paring these ar£ounl$. nn As detailed in Ihe TNstees' Repori Ihe Court ol The Wor5hipfvl Cornpany of Coachrnakers and Coach Harness make￿ effectively controls Ihe chanty, as all the Tru5tee5 a￿ Mefflbers of th Court The arnounl due by the charrty at 31 Augu8t 2024 was £1.78612023 due to the ch8rity £17,274). gl Income and rts nrtion In¢ome is recognised In Ihe Ststement ol Finanoal Acbvrtes ISOFAI vthen the charity becomes entitled to the ￿sourceS." rt is more likely than not that all the Trustees will ￿￿1ve the resources.. and the monetary value can be measured ￿1h suffi¢enl rdiability. Grants and donations a￿ only induéed in the SOFA when the ge￿ra1 income recognitron Crilena are met. Income from Interest an¢ IJivKJenfJs a￿ Induded in the a(tounts %then ￿￿1pt L8 probable, and the amounts can be measured reliably. Inv stm nt ains This Indudes ￿alised and unrealised gains and losses on the sale of invesknents. arpd any gain or loss resulting from revaluiThJ investments lo market value al the end of the year. h) THE COACHMAKERS ANO COACH HARNESS IAAKERS CH￿ABLE TRUST 1977 2024 023 Grsnts Support costs Gov8manc8 costs 110.148 33.598 101.432 23.925 1.812 £127,169 È145.7 Th& numtérand amcwnts of urarts paid during the yeorwwe a51d￿.. 3112023- 251 to indiwduals 2912023-261 to instsiulions 28.174 81.974 £110.148 26.330 75.102 £101,432 Grdnts of o¥er£1.000 were pth to the lollowng InstyiuIK)ns.' Arkwrighl Engireerino Schc4&rships Briie Norton Afflwted Ser¥ir* Unit 8rooklands Museum University London Cambndge Flyin9 Group Lld Capel Manor CO1￿9& Cranfvdld Unlvefsity Fenix Cafflages Heriwe Skllls Academy Im￿rial Ccl*oe London Kiwston Uniwer*ty Saturday Enoineering Chjbs Lord M8yofs Appo Navy Wings S8ndringham Horse Dnving Tnd5 Sl Paul's Cathedral F￿ndab¢￿) Th& SmAllp￿Ce Trusl 7.760 16.000 14.000 12.500 1.215 10.000 15.000 16.606 2.123 Sa￿￿6$ Bank and custcéy charoe8 Insurance olsllver Investhenl Monage￿nI f•e5 Irdwibry to In¥e51m8nl thiU•51 Sundry expen8es 7.880 190 .771 17.361 6.396 6.852 178 14.594 621 £23 925 Th& 8veraGe number olem￿o>•*$ w86 1 {2023. 11 Independent oN8mln8Jon fe8$ £2.014 £1,812 There was no remuneratits) or benefits promded to any T[us*e￿£t￿nethed perpth. There are no rdated patty Iransactitins ￿her Ihan ￿1h thè Wot5hipftl Companyof Coathmakets and Coach HaTness Makets of LondDn as disdosed in ty￿e arxKwnlS. Cerfain (*s¢s and grantsvRre paid by the Iwery company amounbng lo £13.927 whth ha¥e been fetharyed tr) the d*rfy and inLX)m2 of £30.117 hBs t)2en received on behaw of the charity. THE ¢OACHMAKERS ANO COACH WIIESS WXERS cH￿irrIBlE TRUST1977 Fixed Assets Cost Bnd bwk vdue at 1 SEPtembEr2023 Addit￿￿8 Cijst and bwk value at 31 August2 365 3$0 36S.350 £365.350 £365.350 2424 2023 athet¥￿￿e at 1 SEptsthr2023 1.702 120 {199 976} 102 627 341 493 1386.2821 311.906 37.981 Purthese$ Gains Ikssseglon ￿YeSt￿nI a55ets MBthetVdue Èt 31 A￿u$l 2D24 £1.916.2S4 £1.702.120 Histo￿ Cost £1.180.920 Al lnvestrn￿ts Jreliste¢J or4¥TrVK wthllnsed trvw. 10 OBblors Olhor Debtor6 PrtpÈymen 17.274 EO £17.274 ArrKunt¥ dUewrthin