THE COACHMAKERS AND COACH HARNESS MAKERS CHARrrABLE TRUST 19TI REPORT AND ACCOUNTS 31 AUGUST 2025 Registered Charity Number 286521
THE COACHMAKERS AND COACH HARNESS MAKERS CHARtTABLE TrUST 1977 TRUSTEES. REP RT FOR THE YEAR ENDED 31 AUGUST 2025 The Coachmakers and Coach Hamess Makers Charitable Trust 1977 was established by a Trust Deed dated 23 August 1978 and incorFX)rates the Charrtabje Trust and subsrtliary funds: The Efic Beverley Men¥)rial Fund Coachmakers Motor Car Centenary Fund The Trust Is a registered charity number 286521. Trustees.. Mr M Kimber FRICS.FAAV (Retired 3118r2025) Mr J Leach (ApF)inted 119r2025) Mr M Payne Mr I Smith Principal Address: 25 Chattenden Lane Chattenden Rochester ME3 8LE Professional Advisers.. Bankers.. Bank of ScotsrKI, 38 Threadneedle Str LdOn EC2P 2EH Investment Adviser5: Killik & Co 46 Grosvenor Stree( Lond¢)n W1K 3HN Accountants.. Aliotts, 3 London Square, Cross Lanes. Guildford. Surrey GU1 1UJ Independent Examiner. jani Matthews FCA on behaw of Menzies LLP, 2fK1 Fkwjr. Magfta House. 18-32 London Road, Staines-Upon-Thames, TW18 48P The objects of the Trust are set out in the Trust Deed and are to make: Grants to necessttous Freerr1 and Lr¥erymen of the Coachmakers LNery company and necessitous widows and children of deceased Freen and LNerymen of the company: Charitsble grants to other necessitous persons. Grants to charitable institutions., Fellowships. lectureships, scholarships, grants and bursaries and apprenticeships in aid of technical eduCatn., Fellowships, CtUreShips. schotarships, bursaries and grants in fvrtherance of technical research.. Such other Char[tab objects as be hereafter detemined by re501ution of the Court ofthe Worshipful Company of Co&hmakets and Coxh Hamess Makers of London. In setting our objectNes and pEanning our activitsesthe Trustees have given carefijl consideratron to the Charity Commission's gerra1 guidan on publr t*fil
THE COACHMAKERS AND COACH HARNESS MAKERS CHARITABLE TRUST 1977 anisation The Trustees are appointed by the Court of the Vlorshipful Company of Coachmakers and Coxh Hamess Makers of London. There must be no fewer than two Instees and they must be members of the company. Meetings of the Trustees set the overall polry for Ihe running ofthe Trust and determintng donations. The day to day running of the Trust is carried out by the Trusfs professional advisers. The Court apFoints new trustees to p1a retiring trustees from Past Masters of the LNery. Investment Powers The Trusvs investments a govemed by the Trusteekt2000. PJI inVestts a Ilsted on thé London Stock Exthange or are UK auth1$0d unit trusts. Review of Activibes Achievements and Future Plans The trustees have reviewed the F*rf0Mnce of the Fund manager during the year and are satisfied with their management of the funds and their investment The management of the funds continues to be based on Total retum policy as previously stated. This year has continued to be very volatrle with worfd events such as the Ukraine war, Middle East conflict. inflation. political uncertainty and the increase of the cost of living. We continue to monitor the investrnts in an active manner and are eno)uraged that the overall value has been maintained. The Livery continues to locus on being an 'Active Livery supporting young people in our associated industries.. The Trustees have continued to suprmxt these actmties and will &tsvety support addltional funding rf the proposal meets the objectives of our Charitab gNing. The Livery also maintained its commitment to aKYard prizes for &hievemènt to memters of its affiliated service units. eserves Pol. It is the policy of the Trustees to maintain unrestricted fijnds al a lével to provKle sufficient income from investments in order to ffEet ris admintstrative costs and meet appropriate applications for grants. Free reserves at the year end. represented by unrestricted funds. stood at £1.940.164 (2024- £1.989.0191. na The Trustees have reviewed the maicf risk areas and have tsken appropriate steps to lessen the risks so frar a5 possible. Approved by the Trustees on 21Y26 and signed on their behalf by: I Smith Trustee
THE COACHMAKERS AND COACH HARNESS MAKERS CHARITABLE TRUST 1977 STATEMENT OF TRUSTEES RESPONSIBILITIES The purpose of this statement is to dislinguish the Trustees. reswnsibilities forthe accounts from those of the independent examiner a5 Stated in his repori The Charities Act 2011 requires the Trustees to prepare accounts for e&h financial year whi¢h gtve a true and fair view ot the charity's financial activilies during the year and of ils financial position at the end of the year. In preparfng the accounts the Trustees shc¥Jkl follN b8St practre arKI select suitable accounting policaes and appty them nsIsten. make judgements and estimates that a reasonable and pnthnt follow the reC0mnjndat1OnS of the Charity Commissi(m and of the accounting profession with regard to fom and content ofthe accounts, or disclose and explain any departures there from,. and prepa the accounts on the going concem basis unless it is inappropriate to assume that the charity will able to continue to meet its objectiv8S. The Trustees are responsible for keeping accounting records vthith are such as to disclose, wtth reasonable aur8¢Y, the financial Frt)sition of the chanty at any time and to enab the Truste8S to ensur8 that the a¢Unts compty with the disclosu ulationS. They are also responsible for safeguarding the charty's assets and hence for taking reasonablo steps for the prevention and detection of error, fraud and other irregulariti.es.
THE COACHMAKERS AND COACH HARNESS MAKERS CHARABLE TRUST 19TI Number 286521 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE COACHMAKERS AND COACH HARNESS MAKERS CHARrrABLE TRUST 1977 I report to the Trustees on my examination of the accounts of the CoachrrAkers and Coach Hamess Makers Charitable Trust I'the trusf) for the year ended 31 August 2025 set out on pages S to 10. Responsibilities and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {e Acr). I report in respect of ry exarnination of the Trusfs ants Card out under Section 145 of Ihe 2011 Act and in cafrying out ry examination I have folltyved all the applicat8 Directions given by the Charity Commission under section 145(5){b) of the A Indopond•nt oxamlnoes roport statement I have compteted my examination. I confimi that no material matters have come to my attention in connection with the examinafy)n gNing me Cause to beliève Ihat in any rnaterial respect a¢counttng re¢ords not kept in respec of the Trust as required by secbon 130 ofthe Art or 2. the accounts do not with those records: or 3. the accounts do not compty wtth the applicable reqUInnts conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair VI which is not a matter D)nsidered as part of an independent examinalion. I have no ¢oncems and have me across no other matters in connection with the examination to whh attention should b& drawn in this report in order to enable a prcw understsnding of the &counts to be reached. This report is made solety to the charit$ trustees, as a body. in accordance wtth Part4 ofthe Charities (Accounts and Reports) Regulions 2008. My work has been undertaken so that I might state to the Charrty's trustees thr)se Matte l am requwed to slate to them in an independent examinerfs report and for no other PUTpose. To the fijllest extent permitted by law, I do not apt or assume responsibility to anyone other than the Charity and the charity trustees as a body. for my work or this rewrt. Janice Matthews FCA Independent examiner MENZIES LLP 2nd Floor, Magna House, 18-32 London Road, StaineS-Upon-ThaS, TW18 4BP Dated
yER ENDED 31 AUGU TfAal Totsl F0& Oonatioro fec4W: &JTh1ry Events 7.929 107,977 12.019 19.948 107.97T 80.425 4.000 12.llc Other Tr8diThJ Activit*$ Charty Committee diwrre In¥e8lment irKcffie 12,COJ 12.COJ 19. Totsi In¢om• 152.4C#) 12,019 164,419 121,933 Expondliurn RaisirvJ Fund5 charltsb Advd 85354 149.986 Total EXpondIrn 231.144 Net In¢om• IExpendliur•l (69,8531 12.019 157.8341 (109,2111 oth•r rKognl8ed ga5n• Ilo•w G8ins on In¥estsnert a55ets 341.493 NeiMov•m¢rt In Fund• {48.85 12.019 Z32,282 Rq¢onclliatlon of Fund•: At 1 Septernber 2W24 At 31 Ayg¥•12026 £1 910,164 £49488 W,3XI £2.355,c#)2 £2.39T,
TddFu Ti1 Fu Sundry 5.181 100.695 eo.42S Inv•¥trnort 12.CQD 12.1)JO 4T25 121,933 152.048 Exp+nd R&rgFund• Cha¢*AÈ4DAthiiK# 100,91 145. T#tsiE¥p•nthrn 231.010 134 231.144 22a.085 {112. (134) VOD211) (78.03n ¥41A J¢l.4•# 37.981 (1341 744 iJ4 159 2 197812 At3t A4wt2024 989• £37499
FLXED ASSETS TanYe fued 8sts lfivestments 1.920.270 2285.620 2.311.614 CURRENT ASSETS Debtor8 Taxatioft remrab Cash at bank Cash at bank- 11Y) Cash *aitiffj inws¢rnert 10 1.5T2 61,568 11,844 18,S19 19.9S6 104.437 CREDITCfiS Arno[ duewSthin OM y•8r. 11 NEf CURRENT ASSETS 69.382 E2,355.or £2,391,838 ENDOWED FLINOS 37.469 UNRESTRIGfED FUNDS 12 1,910.164 1,989,019 £2.355.CQ2 £2,391.838 on thelr beh8K I Smith Tru$tee
THE COACHMAKERS AND COACH HARNESS MAKERS CHARITABLE TRUST 19 NOTES TO THE ACCOUNT TrIE YEAR ENDED 31 A Accountin Pojiues Thetharitywas ¢stsbhsld bytrustdeed dat&J 23 August 1978 and Is a retsered tharity Lmder 8LE. Th&arXUnts 8re prepared uThJerthe CTht excptas fh)dified by the induston of Investments at market vue and in a)rarth Statement of RecommeThJed A¢counb'ng Practi 'ACCJntin9 and Reby)rt]"ng by Charilies, in a(r¥jrdan with the Financial ReFthfjng Standard ap4ble in the UK and the Repubjicof Ireland IFRS102) (Charities SORPIFRS10211 (eff¥8 1 Jarrtwy 2019). The¢harity isa PutAicBenefftEntity os dfrfiwl by FRS102. Mo• amunts inlhese xojunts are iOLmded to the nearest £ b) In aCrdanCeWIththe Chaithes SORP (FRS 102). the chaiitrf$ investrnpmts are¥huwn at rnarket value arKI are all listed on thg Stock Exchange or are UK aulhrrfised unit trusts. Expenditure L8 ac£¢Un forcyt an accnth batsis. The Irrecoverntkn elwnwrtofVAT Is kndLK1ed within the item of expense to whKth it raiates. dl The Tntst is a r8gist•red dority and the re8uIts of its nomwl a(*vibe$ arè not liable to taxalh)n. oln Al the tmne of appIr0 these acuunb. tho Twstees hal a rea¥blO eXFethtion that the TTUSt has ad• resources Io Cgmrtinue in operab"M the foreSeeae future. Thus, the As detaikd in the Twstees. Rewl. the Crt ofThe Worshipful CLMnpany of Coathmakws ar Coath Hamess Makers eftectNe cc¥rtroEs the charity. as atl the Trusta8s a Members of the Court. The amount due to the rtwrity at 31 August 2025 was £22.49612024 due by the charity £1.7W. 9> Inccqne is recogntsed tn the Stalenwt of FirwKial Ale& ISOFAI the charity bery)mes entitled to the resour. it is liketythan rnt that all TTUStees wll the resources: and the monelary valuè be measured suffitserrt reliatitlty. Grarts and donations are only induded in the soFAw ts general irthme reCI)gnOn csiteria a meL Incomefrom interest and dNiderKts are iluded in the acecnts recp1 is probable. and the wnourts can be measured reliably. Imiestmenl alr arKI k)sses This IdeS fealised and untealised gairk% aml IDsses on the sale of investrnents. and any gain h)
2 ChaTilab 2024 117,528 S).188 2270 £149.986 110,148 33,598 SuptAyt¢osts £145.790 rants The number ar¥J amounts ofgrntlts p3vJ durirwj the yeartre as folk. 2212024- 311 to indNpaua 1512024 -291 to irtstitu 28,174 81.974 £110.148 74.240 £117.528 Grarts ofover£1,OLYJ pawl to fo¢bng inslibjns. ArkvKight Engineering SchoLqr5h Brize Norton Aifiliatad Unit Brooklands Museum Cambndge F"n9 Group Ltd Caw5 Manorcol Cranftbd UnNrsty Fenix Carriages Herllage Skills Academy ImF4rial Col Londo ngston un•(5 Satuiday Effji•wkng c Lord Mayorf5 Appeal N8 Wir Queen Mary Unp4wsdy 5an4lngh$m Horn¢ DrivirJ Tri St Pauf$ Cathedrnl Foundotion 7.760 14.¢ 1?,j 15,W) 18.(D) 16,6C 2.123 Salari88 Bank and drge5 Insurance of si Inv85tmenl management fees l¢ K¥ls} 1,771 17,361 17.033 Th• 8¥•rap nnber01¢mply)s 1 (20fJ. 1} £2270 There a no Rlakny party1ranSadb thrthan wth theW¢Yshpful knpany ofCoAthmrn and Co•ch Harness Makers ofLondon as d¢L)sa kn Ilwe accoun1& costs and grants pghl bythe INery cofflpany amountir8 to £6.670knthth h& re¢harw1 to Ihe tharlty and irKcffie 01£29,166 has t*en
£365.39) 1.946264 1581834 441. 115.745 £1.920.270 1.701120 1199.976) 102.627 341.493 £1,946.284 £1.180.920 10 496 10.1)80 £Y2,576 1to 1.786 137 31.881 £13.439 01.09.24 31.08.25 1ZJ.(fil 11&895 P+*Jtor C¥ CertW8ry Furnr 1491 2C6.801 1 657.167 1.989,019 146.724 162.4CbJ 1222.253) 20.998 1.940.164 11019 49.488 £161419 13 Fund 8131 W2tr25 T8ngib19 8S881S 1.920270 19.894 1.93J.270 £49488 5 3Xt £2 355 (KJ2 10
TATEAENT FOR THEYEAR 31 Fw Fw Banqu2tlnmm B8n4LÈt PrpTr t 107.572 107.572 75,050 Sundry 1101• 19.M8 10D Club Char5tycomllteednrwrKtI8 Christyn85 1)raw 12,r 12.CJO 12.000 131704 12.019 144,723 103.770 15.781 19.457 18.042 019 ICrfIClub 79,364 110.148 101.528 117.528 Chath In¥estrenlfee• 912 17,033 912 17.> 17.&81 8.251 2,106 er 222253 15T.S2 IT.OW {4.•92) 12,019 167.8J¢l 1109.2111 UnRalised Raati8eO JO.171 111.19T) 2.115 37.198 311742 140.199) 112011 11019 232.282 At 1 Sepiember2024 1rJ.io knri)2 37489 2 159 556 At 31 Augu512025 £118 £2fA e4)1 £38S 350 V 355002