2022-09-30-accounts - Worshipful Company Of Needlemakers Charitable Fund

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Charity Number:	288646
Principal Office:	PO Box73635
	London SW14 9BY
Corporate Trustee:	The Master, Wardens and Commonalty ofthe Art and		Mystery of
	the Needlemakers ofLondon (a company incorporated		by Royal
	Charter) operating as the Worshipful Company ofNeedlemakers
Members ofthe Charity	Past Master —P Goldberg OBE (Chairperson) (appointed		27/08/2020}
Committee:	The Master -J Mill (appointed 02/10/2019)
	Senior Warden —T M Foulkes (appointed 02/10/2020)
	Junior Warden —Dr SSumners {appointed 06/10/2022)
	The Immediate Past Master - P Law (retired 06/10/2022}
	Assistant —SBentley {Honorary Treasurer)
	Assistant —N Macrae (retired 06/10/2022)
	Assistant —BJames (retired 01/10/2021}
	Assistant —DTaylor (retired 06/10/2022)
	Assistant- TPattison (representative ofInvestment	Oversight
	Group) (appointed 30/09/2021)
	Liveryman —R Dawes (retired 06/10/2022)
	Liveryman —D Brooks-Wilson (retired 06/10/2022)
	Liveryman —D Staples (appointed 02/10/2020}
	Liveryman —V Hamilton (appointed 01/10/2021)
	Liveryman —A Farr (appointed 06/10/2022)
	Liveryman —M Francis {appointed 06/10/2022)

I&ey Management	I&ey Management	Clerk- FSedgwick
Investment	Managers:	Quilter Cheviot Limited
		One Kingsway
		London WC28 6AN
Independent	Examiner:	D,C.S Nelson FCA
		Tudor John Limited
		Nightingale House
		46-48 High Street
		Epsom
		Surrey, KT171HQ
Bankers:		Lloyds Bank PLC
		113-116Leadenha	IIStreet
		London EC3A 4AX

		Note				2021
Investments at Market
Value				2,927,917			3,206,613
Funds held by
investment manager
				2,927,918			3,206,614
Current Assets
Debtors			33,258			26,235
Bank balance			115,752		235,293
Total Current Assets			149,010		261,S28
Current Liabilities
{lessthan 1year)			(12,756)		{12,306)
Long Term Liabilities
(greater than 1year)		4	(20,600)	115,654	(28,400)		220,822
NET ASSETS				K3,043,572			f3,427,436
The Funds ofthe
Charity
Permanent
Endowments:
General Endowment		5	580,857		664,276
Milward Endowment		5	8,134	588,991		9,302	673,578
Restricted Funds:
Milward Fund				1,890			1,628
Unrestricted Funds:
Investment Fund			2,397,094		2,705,941
General Fund			55,597	2,452,691		46,289	2,752,230
				K3,043,572			E3,427,436
Adopted bythe T		steeon.	!.....Juiy2023
			I.k	Master	on behalf ofthe Trustee
P Goldberg	OBE			Chairperson,		Charity Committee

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Investment summary for the year
		2022
Market value at 1stOctober 2021 Purchases Disposals at cost Gain/{Deficit) on u'nrealised investment At 30th September 2022	appreciation	3,206,613 168,423 (45,37S) (401,744) E2,927,917	2,450,241 2,8.50,830 (1,390,106) (704,352) E3,206,613
Investments at cost Market value		3,015,749 2,9271917	2,892,701 3,206,613
Unrealised (depreciation) / appreciation		(E87,832)	E319,912
Grants Paid and Payable
		2022	2021
Education
City of London School for Girls City ofLondon Freemans School		5,000	5,000 650
City University —Digital Poverty Fund City University- Hardship Fund		4,000	5,000
Christ's Hospital School City 5Guilds ofLondon Institute The Royal Masonic School for Girls, Rickmansworth		600 6,S00 100	600 3,500 100
Book Prizes Guildhall School of Music 5 Drama {Woodwind Prize) Royal School ofNeedlework Old Palace School Quilt and Stitch Village		150 600 5,400 7,000 250	250 1,300 1,400 7,000
Lady Eleanor Hollis Schooi		50	50
King Edward's School, Witley Royal.College ofArt		10,160	12,761
Treloar School Guildhall School ofMusic 5 Drama - Welfare ofStudents Trinity High School		3,500 1,500	1,000 1,500
Universify Education		500
			E40,111
Religion
StJames, Garlickhythe		500
St Paul's Cathedral Trust			500
St Paul's —Copes restoration forJubilee	Exhibition	10,000
United Guilds Service Trustees		200
		E10,700	E500
Welfare
Sheriffs' 5Recorder's Fund Royal British Legion City Branch Poppy Appeal		1,500 1,500	1,500
Clergy Support Trust		200	200
Florence Nightingale Foundation Salvation Army St George The Martyr The Paraorchestra			11,500 4,564 5,000 300
Pembroke College Cockpit Arts		5,000	1,000
		E8,200	E24,064

	Focus Grants
	Fine Cell Work					2,000
	Royal College ofSurgeons	of England - Awards				5,000	5,000
	Royal College of Nursing	Foundation				5,000	5,000
	The Arkwright Scholarship					6,600	4,400
	Garden of Remembrance					190
	Needle Museum					3,000
	Royal College ofNursing	- prize
	HMP Lowdham Grange					1,000
	Museum ofLondon					3,700
	St Cecelia					150
	27FSquadron					SS7
	The Third Battalion, the Prince ofWales Royal			Regiment		400
						f27,627	E14,5'85
	ByVirtue ofOffice
	Lord Mayor's Charity Appeal					3,000	3,000
	Master'. s Charities					3&500	3,000
	Hon. Chaplain's Charity Bishop ofSouthwark Discretionary				Trust	3,000	3,000
						f9,500	f9,000
	Grants paid in the year					101,337	88,260
	Prior year grants not banked
	Total paid					f101,337	E88,260
	Grants overpaid in year,	recovered	in future year				(2,601)
	Grants provided in earlier years, paid in year					(16,600)	(23,9oo)
	Grants provided in earlier years, reversed						(9,692)
	Grants provided in current year, to		be paid in	future years		9,250	10,800
	TOTAL GRANTS					f93,9S7	E62,867
4.	Current Liabilities (Falling due in		less than	1year)
						2022	2021
	Fund Manager's Fees
	Grants approved but not	yet paid				12,756	12,306
	TOTAL LIABILITIES					f12,756	f12,306
	Long Term Liabilities (Falling due		in 2to 5	years)
						2022	2021
	Grants approved but not	yet paid				20,600	28,400
	TOTAL LIABILITIES					f33,356	E40,706
5.	Permanent Endowments
					2022		2021
				General	Milward	General	Milward
	Balance at 01October 2021			664,276	9,302	557;367	7,805
	Gain on Disposal ofinvestments			638	9	254,281	3,561
	Unrealised investments floss)			(84,057)	(1,177)	(147,372)	(2,064)
	Balance at 30September	2022		580,857	8,134	664,276	9,302

Unrestricte	d Investment Fund
		2022	2021
Balance at	01October 2021	2,705,941	2,263,934
Net Income	from donations	5,262	39,449
Gain on Disposal ofinvestments		2,401	957,475
Unrealised Balance at	investments (ioss) 30September 2022	(316,510) 2,397,094	{554,917) 2,705,941