| Founder | The Wardens and Commonalty |
The Wardens and Commonalty |
The Wardens and Commonalty |
ofthe Mistery ofDyers ofthe City ofLondon, | ofthe Mistery ofDyers ofthe City ofLondon, | ofthe Mistery ofDyers ofthe City ofLondon, | commonly | |
|---|---|---|---|---|---|---|---|---|
| known as The Dyers' | Company, or The |
Worshipful | Company ofDyers. | |||||
| The Dyers' Company | was incorporated | by Royal Charter in 1471,reg no. RC000911. | ||||||
| Registered | 11-13Dowgate Hill | |||||||
| office | London, EC4R2ST | |||||||
| Tel. 020 72367197 |
||||||||
| Email: office@dyerscompany. | corn | |||||||
| Trustee: | The Dyers' Company | is | the Trustee. | |||||
| During the year the following | were the members of | the Court ofThe Dyers' Company: | ||||||
| RG Scott Moncrieff | M Bird | A C SMacpherson | ||||||
| BM de LCazenove | JM Lyon | (died 22"~ | G C Rothwell | |||||
| M W M Rowlandson | May 2021) | NBQBack | ||||||
| P G Mathieson | JR Chambers | A HJCrockatt | ||||||
| FA Onians | IG Blair | Prof. RH Wardman | ||||||
| H D M Morley-Fletcher | A RBurdon-Cooper | JP Rothwell | ||||||
| LtCol. M A Marshall | L SMackintosh | JECawley (re-appointed | 6~ | |||||
| RA Leuchars | Dr M G Bartle | October 2021) | ||||||
| Sir Edmund Verney |
H C Jourdain | M G Mathieson | ||||||
| RP Back | JM Holme | SMJLyon (appointed | 4th | |||||
| EAMLee | JN Crockatt | November 2020) | ||||||
| Chief | Mr JRVaizey, The Clerk to the Trustee | |||||||
| Executive | ||||||||
| Officer | ||||||||
| Bankers | National Westminster |
Bank PLC | ||||||
| 1 Princes Street | ||||||||
| London | ||||||||
| EC2R 8BP | ||||||||
| Solicitors | BDBPitmans LLP | |||||||
| 50 Broadway | ||||||||
| London | ||||||||
| SW1H OBL | ||||||||
| Independent | Haysmacintyre LLP |
|||||||
| Auditors | 10Queen Street Place | |||||||
| London | ||||||||
| EC4R 1AG | ||||||||
| Investment | SG Kleinwort Hambros |
Bank | Limited | |||||
| Adviser | 8 StJames's Square | |||||||
| London | ||||||||
| SW1Y4JU |
| Expendable | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Endowment | General | 31October | 31October | |||
| Fund | Fund | 2021 | 2020 | |||
| Notes | ||||||
| Income and Endowments | from: | |||||
| Investment income |
863,266 | 863,266 | 827,038 | |||
| Donations | 952,945 | 490 | 953435 | 509,701 | ||
| Totalincome | 952,945 | 863 756 | 1,816,701 | 1 336 739 | ||
| Expenditure on: |
||||||
| Charitable activities |
4,5,14 | 808,995 | 808,995 | 740,330 | ||
| Investment management costs |
6 | 31,869 | 31,869 | 29,786 | ||
| Total expenditure | 840,864 | 840,864 | 770,116 | |||
| gains/ | ||||||
| Net income 7' (expenditure) | before | |||||
| gains and losses oninvestments | 952,945 | 22,892 | 975,837 | 566,623 | ||
| Net (losses) on investments |
4,179,703 | 4,179,703 | (2,178,702) | |||
| Net income I (expenditure) | for theyear | 5,132,648 | 22,892 | 5,155,540 | (1,612,079) | |
| Fund balances brought forward | 18,810,471 | 888,822 | 19,699,293 | 21,311,372 | ||
| Fund balances carried forward | 23,943,119 | 911,714 | 24,854,833 | 19,699,293 |
| 31October | 31October | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Notes | ||||
| Fixed Assets | ||||
| Investment portfolio at market value |
25,135,280 | 20,052,770 | ||
| Current assets | ||||
| Debtors and prepayments | 10,462 | 10,452 | ||
| Cash held in deposit accounts | 941,746 | 862,688 | ||
| Cash at bank | 2,000 | 4,633 | ||
| Total current assets | 954,208 | 877,773 | ||
| Liabilities | ||||
| Creditors and provisions |
falling due within one year | 9 | (1,090,655) | (1,089,150) |
| Net current liabilities | (136,447) | (211,377) | ||
| Total assets less current | liabilities | 24,998,833 | 19,841,393 | |
| Creditors falling due after more than oneyear | 15 | (144,000) | (142,100) | |
| Total net assets | 24,854,833 | 19,699,293 | ||
| Represented by: |
||||
| Unrestricted funds | ||||
| Expendable Endowment |
Fund | 10 | 23,943,119 | 18,810,471 |
| General Fund | 10 | 911,714 | 888,822 | |
| Totalfunds | 24,854,833 | 19,699,293 |
| 31October | 31October | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Cash flows from operating | activities | |||||
| Net income / (expenditure) |
for the year | 5,155,540 | (1,612,079) | |||
| Add back (deduct) realised | / unrealised | losses / (gains) | (4,179,703) | 2,178,702 | ||
| Remove donations to endowments |
(952,945) | (509,531) | ||||
| Remove investment income |
(863,266) | (827,038) | ||||
| Decrease / (increase) in debtors | (10) | (8,294) | ||||
| Increase / (decrease) in creditors |
3,405 | (8,263) | ||||
| Net cash provided by / (used in) operating |
activities | (836,979) | (786,503) | |||
| Cash flows from investing | activities | |||||
| Investment income |
863,266 | 827,038 | ||||
| Purchase ofinvestments | (2,399,145) | (2,300,977) | ||||
| Sale ofinvestments | 1,496,338 | 1,215,751 | ||||
| Net cash provided by / (used in) investing |
activities | (39,541) | (258,188) | |||
| Cash flows from financing | activities | |||||
| Receipt ofendowment | 952,945 | 509,531 | ||||
| Net cash provided by / (used in) financing |
activities | 952,945 | 509,531 | |||
| Change in cash and cash equivalents |
for | the year | 76,425 | (535,160) | ||
| Cash and cash equivalents | ||||||
| At 1"November | 867,321 | 1,402,481 | ||||
| At31"October | 943,746 | 867,321 | ||||
| Movement (as above) |
76,425 | (535,160) |
| 31October | 31October | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| 2. | Investment income |
||||||
| Listed investments: | |||||||
| Dividends &interest | on securities | 860,190 | 819,765 | ||||
| Interest: | |||||||
| Interest on bank deposits | 3,076 | 7,273 | |||||
| Total investment income |
863,266 | 827,038 | |||||
| 3. | Voluntary income —donations |
received | |||||
| The Dyers' Company | (Expendable | Endowment) | 952,945 | 507,031 | |||
| Current Liverymen | (General Fund) | 490 | 170 | ||||
| Gift Aid (Expendable | Endowment) | 2,500 | |||||
| 953,435 | 509,701 | ||||||
| 4. | Charitable Activity |
||||||
| Grants &donations | (see note 14) | ||||||
| Grants &donations | paid within the | year | 748,971 | 681,935 | |||
| Provisions for future |
grants &donations —General Fund | 2 600 | 6,000 | ||||
| 751,571 | 675,935 | ||||||
| Other expenditure | |||||||
| Staff costs (see note | 5) | 48,998 | 55,631 | ||||
| Audit fee | 6,720 | 6,420 | |||||
| Travel | 1,706 | 2,344 | |||||
| 808,995 | 740,330 |
| 31October | 31October | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| 5. | Analysis | ofstaff costs | ||||
| Salaries and | benefits | in kind | 37,168 | 42,537 | ||
| Pension costs | 7,673 | 8,406 | ||||
| Employer's | National | Insurance | Contributions | 4,157 | 4,688 | |
| 48,998 | 55,631 |
| 6. | Investment | management | costs | costs | ||
|---|---|---|---|---|---|---|
| Investment management charge |
31,808 | 29,593 | ||||
| Bank charges | 61 | 193 | ||||
| Management staff costs |
||||||
| 31,869 | 29,786 | |||||
| 7. | Listed investments | |||||
| Market value at | start ofthe year | 20,052,770 | 21,146,247 | |||
| Additions in the |
year at cost | 2,399,146 | 2,300,977 | |||
| Disposals in the |
year at carrying value | (1,481,575) | (1,463,927) | |||
| Gain / (Loss) in | the year on investments | retained | 4,164,939 | 1,930,527 | ||
| Market value at | end ofthe year | 25,135,280 | 20,052,770 | |||
| Historic cost of | investments held at the |
end ofthe year | 15870 614 | 14 891452 |
| 31October | 31October | ||
|---|---|---|---|
| 2021 | 2020 | ||
| 8. | Debtors | ||
| Dividends &interest accrued | 9,498 | 9,613 | |
| Prepaid staff expenditure | 964 | 839 | |
| 10,462 | 10,452 |
| Creditors | Creditors | ||
|---|---|---|---|
| Grant commitments due in less than one year |
|||
| Norwich School —Refectory | 1,000,000 | 1,000,000 | |
| Norwich School - other | 54,000 | 50,800 | |
| Leeds University | 10,000 | 10,000 | |
| City University | 10,000 | 6,000 | |
| StSaviour's School |
6,000 | 6,000 | |
| De Montfort University | 1,000 | 1,000 | |
| Archbishop Tenison School |
5,000 | ||
| Bradford Textile Society | 1,500 | ||
| 1,081,000 | 1,080,300 | ||
| Audit fee | 6,720 | 6,420 | |
| Investment | management | 2,770 | 2,430 |
| Travel | 165 | ||
| 1,090655 | 1,089,150 |
| Unrestricted | Expendable | ||
|---|---|---|---|
| Funds | Endowment Funds |
Total Funds | |
| 31"October 2021 | |||
| Investments | 192,161 | 24,943,119 | 25,135,280 |
| Current Assets | 954,208 | 954,208 | |
| Current Liabilities | (90,655) | (1,000,000) | (1,090,655) |
| Provisions | (144,000) | (144,000) | |
| Total | 911,714 | 23,943,119 | 24,854,833 |
| 31"October 2020 | |||
| Investments | 242,299 | 19,810,471 | 20,052,770 |
| Current Assets | 877,773 | 877,773 | |
| Current Liabilities | (89,150) | (1,000,000) | (1,089,150) |
| Provisions | (142,100) | (142,100) | |
| Total | 888,822 | 18,810,471 | 19,699,293 |
| Charitable grants and donations |
3I October 202I |
|---|---|
| The Dyeing Industry | |
| Association ofWeavers, Spinners and Dyers | 2,000 |
| Bradford Textile Society | 3,000 |
| De Montfort University | 2,583 |
| English National Ballet |
4,080 |
| Livery Companies Skills Council |
100 |
| Royal School ofNeedlework | 3,000 |
| Society ofDyers and Colourists | 16,000 |
| University ofCentral Lancashire | 13,100 |
| University ofLeeds | 29,813 |
| University ofthe Arts London | 2,500 |
| %76,176 | |
| Education (Schools Affiliations) | |
| Archbishop Tenison's School~ |
91,000 |
| Boutcher CofEPrimary School~ |
58,200 |
| Norwich School* |
69,095 |
| StSaviour's &St Olave's* | 102,300 |
| f320,595 |
| Education and the Young |
||
|---|---|---|
| Airborne Initiative |
2,000 | |
| Big House Theatre Company | 1,000 | |
| Bristol Children's Help Society |
1,000 | |
| British Racing School Newmarket | 1,000 | |
| Children's Heart Unit Fund |
2,000 | |
| Clare College Cambridge | 1,000 | |
| City University | 14,000 | |
| Edinburgh College ofArt |
2,500 | |
| Fulham reach Boat Club | 2,000 | |
| Greenhouse Sports |
2,000 | |
| Heriot-Watt University |
4,000 | |
| Herne Bay School | 2,000 | |
| High Sheriff s Fund, Tyne &Weir | 2,500 | |
| Hope Support Services | 2,000 | |
| Liverpool Hope University | 2,000 | |
| London Youth Rowing | 2,000 | |
| Middlesex University |
1,000 | |
| Music and Change | 1,000 | |
| Northumbria Coalition Against Crime |
5,000 | |
| Norwich Cathedral Choir Endowment |
Fund | 2,000 |
| NW5 Community Play Project |
2,500 | |
| Orchestra ofthe Age ofEnlightenment | 1,000 | |
| PACE | 5,000 | |
| Salmon Youth Centre | 2,000 | |
| Sea Cadets, Harrogate | 2,000 |
| The Church |
|---|
| Chemin Neuf Community |
| Community ofStAnselm, Lambeth Palace |
| Friends ofNorwich Cathedral |
| Prayer Book Society |
| St.James's Church, Garlickhythe |
| StJames's Church Rowledge |
| StLawrence Nettleden |
| StPaul's Cathedral Foundation |
| The Church |
||||
|---|---|---|---|---|
| Chemin Neuf Community | 2,000 | |||
| Community ofStAnselm, |
Lambeth Palace | 1,000 | ||
| Friends ofNorwich Cathedral |
500 | |||
| Prayer Book Society | 1,000 | |||
| St.James's Church, Garlickhythe | 4,000 | |||
| StJames's Church Rowledge | 3,000 | |||
| StLawrence Nettleden | 1,500 | |||
| StPaul's Cathedral Foundation |
1,000 | |||
| f14,000 | ||||
| The City | ||||
| Becket Pageant for London | 2,000 | |||
| Blind in Business | 1,000 | |||
| City &Guilds ofLondon Institute | 4,000 | |||
| City ofLondon Police Widows &Orphans | Fund | 1,000 | ||
| Guildhall School ofMusic |
and Drama | 5,000 | ||
| Lord Mayor's Appeal | 3,000 | |||
| Mansion House Scholarship |
Scheme | 2,000 | ||
| Sheriffs' and Recorder's Fund |
4,000 | |||
| f22,000 | ||||
| The Armed Services (Affiliations) | ||||
| 4~Bn Parachute Regiment |
7,800 | |||
| 30~Signal Regiment | 8,400 | |||
| 617Squadron RAF | 3,200 | |||
| HMS Vanguard | 2,200 | |||
| Queen's Gurkha Signals |
8,400 | |||
| f30,000 | ||||
| The Armed Services (Charities) | ||||
| 1475(Dulwich) Air Squadron | ATC Cadets | 1,000 | ||
| ABFThe Soldiers' Charity | 20,000 | |||
| Broughton House |
2,000 | |||
| FANY (PRVC) | 3,000 | |||
| Gurkha Welfare Trust | 5,000 | |||
| Purple Warriors | 1,000 | |||
| Royal Air Force Benevolent | Fund | 5,000 |
| s to the accounts ctober 2021 |
s to the accounts ctober 2021 |
s to the accounts ctober 2021 |
s to the accounts ctober 2021 |
s to the accounts ctober 2021 |
|
|---|---|---|---|---|---|
| Royal British Legion Poppy Appeal | 1,000 | ||||
| Royal Navy Benevolent | Trust | 10,000 | |||
| Submariner Memorial |
Appeal | 5,000 | |||
| Ulysses Trust | 1,000 | ||||
| f54,000 | |||||
| Health and Welfare | |||||
| Above and Beyond | 1,000 | ||||
| Age Exchange | 1,000 | ||||
| Age UK Bristol | 500 | ||||
| Alport UK | 1,000 | ||||
| Appleton Thorn Village |
Hall Fund | 500 | |||
| Ashby Foodbank | 2,000 | ||||
| Association for Post Natal Illness | 2,000 | ||||
| Bakewell and Eyam Community | Transport | 1,500 | |||
| Beyond Food Foundation | 1,000 | ||||
| Bowel Cancer UK | 3,000 | ||||
| Changing Faces |
2,000 | ||||
| CLAPA | 1,000 | ||||
| CleanUp UK | 500 | ||||
| Cystic Fibrosis Trust | 1,000 | ||||
| DEBRA | 1,000 | ||||
| Dementia Support |
3,000 | ||||
| Drapers' Company Livery Kitchen Initiative |
10,000 | ||||
| Dyslexia Action (Returned | Donation) | -2,000 | |||
| Event Mobility | 500 | ||||
| Felix Project | 2,000 | ||||
| Frensham Ponds Sailability |
3,000 | ||||
| Friends ofBristol Eye Hospital | 1,000 | ||||
| HANDS | 2,000 | ||||
| Huntingdon Disease Association |
1,000 | ||||
| Independent Food Aid |
Network | 6,000 | |||
| Integrated Neurological |
Services | 1,000 | |||
| International Futures Forum |
500 | ||||
| Lalibela Trust | 1,000 | ||||
| Magdalen Environment |
Trust | 1,500 | |||
| Maytree Respite Centre | 2,000 | ||||
| Motor Neurone Disease |
Association | 2,000 | |||
| National Eye Research | Centre | 2,000 | |||
| Oakhaven Hospice |
1,000 | ||||
| Orchid Cancer Appeal | 3,000 | ||||
| PND Borders | 3,000 | ||||
| Place2Be | 5,000 | ||||
| Passage, The | 5,000 | ||||
| Robes Project | 6,000 | ||||
| Salvation Army | 1,000 | ||||
| Samaritans | 1,000 | ||||
| Shaftesbury Area Talking Newspapers |
500 | ||||
| Shipwrecked Mariners' |
Society | 1,000 | |||
| Sick Children's Trust |
3,000 | ||||
| Spitalfields Crypt Trust |
5,000 | ||||
| StJohn's Hospice, Wirral | 1,000 | ||||
| StPeter's Hospice, Bristol | 1,000 | ||||
| Trussell Trust | 15,000 | ||||
| Upper Room (StSaviour's) | 6,000 | ||||
| f,113,000 |
| The Arts | ||||
|---|---|---|---|---|
| Axminster Heritage |
500 | |||
| Chamber Music Box | 500 | |||
| Friends ofLangham Dome |
1,000 | |||
| Fulham Palace Trust | 1,000 | |||
| Grange Festival | 1,000 | |||
| Highland Society ofLondon |
1,000 | |||
| Huguenot Heritage Centre |
1,000 | |||
| King George V Fund for Actors | 1,000 | |||
| New Brewery Arts, Cirencester | 1,000 | |||
| Piano Trio Society | 500 | |||
| Rev William Papillion's | Charity | 500 | ||
| Royal Overseas League | 2,500 | |||
| Stroudwater Textile Trust |
2,000 | |||
| The Actors' Children's | Trust | 1,500 | ||
| Watermill Theatre Trust |
1,000 | |||
| Wymondham Bridewell |
Preservation | Trust | 3,000 | |
| Young Musicians Symphony |
Orchestra | 2,000 | ||
| %21,000 | ||||
| Other Appeals | ||||
| Berwick Swan and Wildlife Trust | 500 | |||
| College ofArms Trust | 1,000 | |||
| London Wildlife Trust | 1,000 | |||
| Swan Lifeline | 4,000 | |||
| Swan Sanctuary | 4,000 | |||
| Swan Support | 4,000 | |||
| f,14,500 | ||||
| Total ofgrants made in the | year | K748,971 | ||
| Change in provisions | for future grants | K2,600 | ||
| Total direct charitable | expenditure | f,751,571 |
| Expendable | Unrestricted | Total | ||
|---|---|---|---|---|
| Endowment | General | 3l October | ||
| Fund | Fund | 2020 | ||
| Income and Endowments | from: | |||
| Investment income |
827,038 | 827,038 | ||
| Donations | 509531 | 170 | 509701 | |
| Total income | 509531 | 827 208 | 1,336,739 | |
| Expenditure on: |
||||
| Charitable activities |
740,330 | 740,330 | ||
| Investment management |
costs | 29,786 | 29,786 | |
| Total expenditure | 770 116 | 770 116 | ||
| Ãetincomel(expenditure) | before gains | |||
| and losses oninvestments | 509,531 | 57,092 | 566,623 | |
| Net gains i(losses) on investments | (2,178,702) | (2,178,702) | ||
| Net income l (expenditure) for theyear |
(1,669,171) | 57,092 | (1,612,079) | |
| Fund balances brought forward | 20,479,642 | 831,730 | 21,311,372 | |
| Fund balances carried forward | 18810471 | 888 822 | 19699293 |