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



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





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|||Note||2022|||2021||
|---|---|---|---|---|---|---|---|---|
|Investments<br>at Market|||||||||
|Value|||||2,927,917|||3,206,613|
|Funds held by|||||||||
|investment<br>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<br>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<br>Endowment||5|8,134||588,991||9,302|673,578|
|Restricted<br>Funds:|||||||||
|Milward<br>Fund|||||1,890|||1,628|
|Unrestricted<br>Funds:|||||||||
|Investment<br>Fund|||2,397,094|||2,705,941|||
|General<br>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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## 



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## 

|Investment<br>summary<br>for the year||||
|---|---|---|---|
|||2022||
|Market value at 1stOctober 2021<br>Purchases<br>Disposals at cost<br>Gain/{Deficit) on u'nrealised<br>investment<br>At 30th September 2022|appreciation|3,206,613<br>168,423<br>(45,37S)<br>(401,744)<br>E2,927,917|2,450,241<br>2,8.50,830<br>(1,390,106)<br>(704,352)<br>E3,206,613|
|Investments<br>at cost<br>Market value||3,015,749<br>2,9271917|2,892,701<br>3,206,613|
|Unrealised<br>(depreciation)<br>/ appreciation||(E87,832)|E319,912|
|Grants Paid and Payable||||
|||2022|2021|
|Education||||
|City of London School for Girls<br>City ofLondon Freemans School||5,000|5,000<br>650|
|City University —Digital Poverty Fund<br>City University-<br>Hardship<br>Fund||4,000|5,000|
|Christ's Hospital School<br>City 5Guilds ofLondon Institute<br>The Royal Masonic School for Girls, Rickmansworth||600<br>6,S00<br>100|600<br>3,500<br>100|
|Book Prizes<br>Guildhall<br>School of Music 5 Drama {Woodwind Prize)<br>Royal School ofNeedlework<br>Old Palace School<br>Quilt and Stitch Village||150<br>600<br>5,400<br>7,000<br>250|250<br>1,300<br>1,400<br>7,000|
|Lady Eleanor<br>Hollis Schooi||50|50|
|King Edward's School, Witley<br>Royal.College ofArt||10,160|12,761|
|Treloar School<br>Guildhall<br>School ofMusic 5 Drama - Welfare ofStudents<br>Trinity<br>High School||3,500<br>1,500|1,000<br>1,500|
|Universify<br>Education||500||
||||E40,111|
|Religion||||
|StJames, Garlickhythe||500||
|St Paul's Cathedral<br>Trust|||500|
|St Paul's —Copes restoration<br>forJubilee|Exhibition|10,000||
|United Guilds Service Trustees||200||
|||E10,700|E500|
|Welfare||||
|Sheriffs' 5Recorder's<br>Fund<br>Royal British Legion City Branch Poppy Appeal||1,500<br>1,500|1,500|
|Clergy Support Trust||200|200|
|Florence Nightingale<br>Foundation<br>Salvation<br>Army<br>St George The Martyr<br>The Paraorchestra|||11,500<br>4,564<br>5,000<br>300|
|Pembroke<br>College<br>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<br>Scholarship|||||6,600|4,400|
||Garden of Remembrance|||||190||
||Needle Museum|||||3,000||
||Royal College ofNursing|- prize||||||
||HMP Lowdham<br>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<br>Charity Bishop ofSouthwark<br>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<br>in year,|recovered|in future year||||(2,601)|
||Grants provided<br>in earlier years, paid in year|||||(16,600)|(23,9oo)|
||Grants provided<br>in earlier years, reversed||||||(9,692)|
||Grants provided<br>in current year, to||be paid in|future years||9,250|10,800|
||TOTAL GRANTS|||||f93,9S7|E62,867|
|4.|Current<br>Liabilities<br>(Falling due in||less than|1year)||||
|||||||2022|2021|
||Fund Manager's<br>Fees|||||||
||Grants approved<br>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<br>but not|yet paid||||20,600|28,400|
||TOTAL LIABILITIES|||||f33,356|E40,706|
|5.|Permanent<br>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<br>investments<br>floss)|||(84,057)|(1,177)|(147,372)|(2,064)|
||Balance at 30September|2022||580,857|8,134|664,276|9,302|





## 

|Unrestricte|d<br>Investment<br>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<br>Balance at|investments<br>(ioss)<br> 30September 2022|(316,510)<br>2,397,094|{554,917)<br>2,705,941|



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