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|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||||||||
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||||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)|
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|||||||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|
##
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##
##
|||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|