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|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|||||||
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|||||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|
##
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##
||||||||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|