2022-10-31-accounts

Founder	The Wardens and Commonalty	The Wardens and Commonalty	ofthe Mistery ofDyers ofthe City of London, commonly	ofthe Mistery ofDyers ofthe City of London, commonly	ofthe Mistery ofDyers ofthe City of London, commonly	ofthe Mistery ofDyers ofthe City of London, commonly	ofthe Mistery ofDyers ofthe City of London, 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
oflice	London, EC4R2ST
	Teb 020 72367197
	Email: offtce@dyerscompany.		corn
Trustee:	The Dyers' Company	is the Trustee.
	During the year the following		were the members ofthe Court ofThe Dyers' Company:
	R G Scott Moncrieff		EA M Lee			J N Crockatt
	BM de LCazenove		M	Bird		A	C S Macpherson
	M W M Rowlandson		JRChambers			G	C Rothwell
	PG Mathieson		I G Blair			N	BQ Back
	FA Onians		A	RBurdon-Cooper		A	H JCrockatt
	H D M Morley-Fletcher		L S Mackintosh			Prof. R H Wardman
	Lt Col. M A Marshall		(Retired		6/7/2022)	JP Rothwell
	RA Leuchars		Dr	M GBertie		J E Cawley
	Sir Edmund Vemey		H	C Jourdain		M G Mathieson
	RP Back		J M Holtne			S	M JLyon
Chief	Mr J RVaizey, The Clerk to the Trustee
Executive
Otneer
Bankers	National Westminster	Bank PLC
	I Princes Street
	London
	EC2R8BP
Solicitors	BDBPitmans LLP
	50 Broadway
	London
	SWIH OBL
Independent	Haysmacintyre LLP
Auditors	10Queen Street Place
	London
	EC4R IAG
Investment	JM Finn &Co Ltd
Adviser	25 Copthall Avenue
	London
	EC2R 7AH

				Expendable	Vnresiri cted	Total	Total
				Endowment	General	3l October	3l October
(acorns		Notes		Fund	Fund	2022	202l f
and Endowments		Pom0
Investmentincome			2		946,929	946,929	863,266
Donations			3	811977	1214	813,191	953,435
Totaiincome				811,977	948,143	I 760 120	I 816,701
Expenditure onr
Charitable activities		4,5,14			869,906	869,906	808,995
Reversal ofcommitment		4,	15	(1,000,000)		(1,000,000)
Investment management ToteIexpenditure	costs		6	~3000000	48 706 918612	48 706 ~83,388	31,869 840,864
Net income ((expenditurej		before
gains and losses oninvestments				1,811,977	29,531	1,841,508	975,837
Netgainsl(tosses) oninvestmenm				992,907		992,907	4,179,703
Net movementin funds for theyear				2,804,884	29,531	2,834,415	5,155,540
Fundbaiancesbroughrforward				23,943,119	911,714	24,854,833	19,699,293
Fund balances carried forward				26,748,003	941 245	27 689248	24 854 833

Balance Shee at 31October 2022	t
			3IOctober	3IOctober
			2022	202I
		Notes
Fixed Assets
Investment portfolio at market value		7	26,977,014	25,135,280
Current assets
Debtors and prcpayments			16,596	10,462
Cash held in deposit accounts			947,273	941,746
Cash at bank			2,000	2,000
Total current assets			965,869	954,208
Liabilities
Creditors and provisions	falling due within one year	9	(101,135)	(1,090,655)
Net current assets ftiabilittesJ			864,734	(136,447)
Total assets less current	liars'lities		27,841,748	24,998,833
Creditors falling due after more than oneyear		15	(152,500)	(144,000)
Total net assets			27,689,248	24,854,833
Represented byr
Unrestricted funds
Expendable Endowment	Fund	10	26,748,003	23,943,119
General Fund		10	941,245	911,714
Totalfunds			27,689,248	24,854,833

orthe year ended 31Oc	tober 20	22
					31October	31Oc/ober
					2022	2021
Cash flows from operating	activities
Net income / (expenditure)	for the year				2,834,415	5,155,540
Add back (deduct) realised	/ unrealised		losses / (gains)		(992,907)	(4,179,703)
Remove donations to endowments					(811,977)	(952,945)
Remove investment income					(946,929)	(863,266)
Decrease / (increase) in debtors					(6,134)	(10)
Increase / (decrease) in creditors					(981,020)	3,405
Net cash provided by / (used in) operating				activities	(904,552)	(836,979)
Cash flows from investing	activities
Investment income					946,929	863,266
Purchase ofinvestments					(3,070,136)	(2,399,145)
Saleofinvestments					2,221,309	1,496,338
Net cash provided by / (used in) investing				activities	98,102	(39,541)
Cash flows from financing	activities
Receipt ofendowment					811,977	952,945
Net cash provided by / (used in) financing				activities	811,977	952,945
Change in cash and cash equivalents		for	the year		5,527	76,425
Cash and cash equivalents
At Ia November					943,746	867,321
At 31a October					949,273	943,746
Movement (as above)					5,527	76,425

							3JOctober	3I October
							2022	202)
							f
2.	Investment income
	Listed investments:
	Dividends &interest		on securities				943,235	860,190
	Interest:
	Interest on bank deposits						3,694	3,076
	Total investment income						946929	863,266
3.	Voluntary income —donations				received
	The Dyers' Company		(Expendable	Endowment)			811,977	952,945
	Current Liverymen	(General Fund)					214	490
	Other Donation (General Fund)						1,000
							813.191	953435
4.	Charitable Activity
	Grants &donations		(see note 14)
	Grants &donations	paid within the		year			789,135	748,971
	Provisions for future		grants &donations —General Fund				15,300	2,600
	General Fund						804,435	751,571
	Other expenditure
	Staffcosts (see note	5)					51,039	48,998
	Audit fee						7,740	6,720
	Travel						6,692	1,706
							869,906	808,995
	Grants &donations		(see note 15)
	Provisions for future		grants &donations —Endowment			Fund	1,000,000

					31October	3)October
					2022	202)
						f
5.	Analysis	ofstaff costs
	Salaries and	benefits	in kind		38,729	37,168
	Pension costs				7,791	7,673
	Employer's	National	Insurance	Contributions	4519	4,157
					51.039	48,998

6.	Investment	management	management	costs	costs
	Investment management charge					48,514	31,808
	Bank charges					192	61
	Management staff costs
						48,706	31,869
7.	Listed investments
	Market value at	start ofthe year				25,135,280	20,052,770
	Additions in the	year at cost				3,070,136	2,399,146
	Disposals in the	year at carrying	value			(2,288,022)	(1,481,575)
	Gain / (Loss) in	the year on investments			retained	1,059,620	4,164,939
	Market value at	end ofthe year				26,977,014	25,135,280
	Historic costof	investments held	at the		end ofthe year	16,444,280	15,870,614

at 31	October 2	02	2
					31October	3)October
					2022	202I
8.	Debtors
	Donation to be refunded				9,313
	Dividends	4	interest accrued		6,215	9,498
	Prepaid staff		expenditure		1068	964
					16,596	10462
9.	Creditors
	Grant commitments due in less than one year
			Norwich School - other		56,600	54,000
			City University		12,000	10,000
			Liverpool John Moores University		10,000
			St Saviour's	School	6,000	6,000
			Smallpeice	Trust	2,200
			De Montfort	University	1,000	1,000
			Norwich School —Refectory			1,000,000
			Leeds University			10,000
					87,800	1,081,000
	Audit fee				7,740	6,720
	Investment	management			5,595	2,770
	Travel					165
					1011»	1,090,6»

Analysis ofcharitable f	unds
	Unrestricted	Expendable
	Funds	Endowment Funds	Total Funds
31nOctober 2022
Investments	229,011	26,748,003	26,977,014
Current Assets	965,869		965,869
Current Liabilities	(101,135)		(101,135)
Provisions	(152,500)		(152,500)
Total	941,245	26,748,003	27,689&248

	Unrestricted Funds	Expendable Endowment Funds	Total Funds
3ps October 202/
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

Charitable grants	and	donations	3J October 2022
The Dyeing Industry
Association ofWeavers,	Spinners	and Dyers	2,000
Bradford Textile Society			1,500
Cockpit Arts			6,000
De Montfort University			2,583
English National Ballet			16,320
Museum ofLondon			5,000
Royal School ofNeedlework			5,000
University ofLeeds			11,000
University ofLeeds (refund of2021 research grant)			(9,313)
University ofthe Arts London			2,500
			f42,590

Education and the Young
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
Chineke Foundation				5,000
Cirdan Sailing Trust				1,000
City University				14,000
Clare College Cambridge				1,000
Edinburgh College ofArt				2,500
Fulham reach Boat Club				2,000
Greenhouse Sports				3,000
Heriot-Watt University				4,000
Heme Bay School				5,000
High Sheriffs Fund, Tyne	dr	Weir		2,000
Hope Support Services				2,000
Liverpool Hope University				2,000
London Youth Rowing				2,000
Middlesex University				1,000
Music and Change				2,000
Northumbria Coalition Against Crime				5,000
Norwich Cathedral Choir Endowment			Fund	2,000
NW5 Community Play Project				2,000
Orchestra ofthe Age ofEnlightenment				3,000
PACE				5,000
Salisbury Area Young Musicians				1,000
Sea Cadets, Harrogate				2,000
Smallpeice Trust				2,200
South London Community	Music			1,000
StMichael's Fellowship				1,000
Treloar Trust				3,000
United In Design				6,500
World Heart Beat Music Academy				6,500
XLP				2,000
Young Actors Theatre in Islington				4,000
Young Bristol				2,000
Young Musicians Symphony		Orchestra		2,000
				g103,700

Health and Welfare
Age Exchange					2,000
Age UK Bristol					500
Alport UK					1,000
Appleton Thorn Village	Hall Fund				500
Association for Post Natal Illness					2,000
Bakewell and Eyam Community			Transport		1,500
Beyond Food Foundation					1,000
Bowel Cancer UK					4,500
Bristol and Weston Hospitals		Charity			1,000
Changing Faces					2,000
CLAPA					1,000
CleanUp UK					500
Cochlear Implanted Children's			Support	Group	2,000
Cystic Fibrosis Trust					1,000
DEBRA					1,000
Dementia Support					3,000
Disabled Sailors Association					1,000
Disasters Emergency Committee			(Ukraine Appeal)		10,000
Event Mobility					500
Felix Project					2,000
Frensham Ponds Sailability					5,000
Friends ofBristol Eye Hospital					1,000
Friends ofRoyal Brompton		Hospital			500
Hampshire &Isle ofWight Community				Fund	5,000
HANDS					2,000
Huntingdon Disease Association					1,000
Independent Food Aid Network					8,000
Integrated Neurological	Services				1,000
International Futures Forum					500
Jubilee Sailing Trust					1,000
Lalibela Trust					2,000
Magdalen Environment Trust					1,500
Maytree Respite Centre					2,000
MediCinema					500
Motor Neurone Disease	Association				5,000
Oakhaven Hospice					1,000
Orchid Cancer Appeal					5,000
Passage, The					5,000
PND Borders					3,000
Robes Project					6,000
Salvation Army					1,000
Samaritans					1,000
Shipwrecked Mariners' Society					1,000
Sick Children's Trust					4,500
Sight Research UK					2,000
Spitalfields Crypt Trust					5,000
St John's Hospice, Wirral					1,000
StPeter's Hospice, Bristol					1,000
Trussell Trust					20,000
Upper Room (St Saviour's)					3,000
					g133,500

The Arts
Fulham Palace Trust			1,000
Grange Festival			1,000
Highland Society ofLondon			1,000
King George V Fund for Actors			1,000
New Brewery Arts, Cirencester			1,000
Rev William Papillion's	Charity		500
Royal Overseas League			2,500
Stroudwater Textile Trust			2,000
The Actors' Children's	Trust		1,500
Watermil1 Theatre Trust			1,000
Wollaton Historical and	Conservation	Society	500
Wymondham Heritage Society			3,000
			816,000

Other Appeals
Berwick Swan and Wildlife Trust		500
College ofArms Trust		1,000
London Wildlife Trust		1,000
RSPB Fen Drayton Lakes		2,000
Swan Lifeline		4,000
Swan Sanctuary		4,000
Swan Support		4,000
		816,500
Total ofgrants made	in the year	8789,135
Change in provisions	for future grants	815400
Total direct charitable	expenditure	Ã804+35

		Expendable	Unrestricted	Total	Total
		Endowment	General	31October	31October
		Fund	Fund	2021	2020
				f
Income and Endowments frow:
Investment income			863,266	863,266	827,038
Donations		952,945	490	953,435	509701
Totalincome		952,945	863755	1816.701	.336,739
Expenditure on:
Charitable activities			808,995	808,995	740,330
Investment management costs			31869	31869	29786
Total expenditure			840 864	840 864	770,116
Net income /(expenditure) before
gains and losses on	investments	952,945	22,892	975,837	566,623
Net gains/(tossesj	oniavestments	4,179,703		4,179,703	(2,178,702)
Netincome/(expenditurejfortheyear		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 forword		23.943.119	911714	241154833	19,699.293