The Dyers, Company Charitable Trust Registered No. 289547 Raport and Accounts 3181 October 2025
The Dyers. Company Charitable Trnst Trustee's annual report at 31$t October 2025 Reference and administrative Infonnatlon Founder The Dyer5' Company, previously known &5 Th¢ Wardens and Commonalry of the Mistery of Dyer5 of the City of London, and also known a5 The Worshipful Company of Dyers. The Dyers. Company was incorporated by Royal Charter in 1471. reg no. RC000911. Reglst¢red ofllce 11-13 Dowgate Hill London. EC4R 2ST Tel.. 020 7236 7197 Email.. office@dyerscompany.com Tru$ttt". The Dyers, Company is the Tru51ee. Durin8 the year the following were the members of the Court of The Dyers, Company.. J P Roihwell M Bird M G Mathie50n J R Chambers M W M Rowlandson l G Blair {dee'd 27, Au8 2025) A R Burdon.Cooper P G Mathieson Dr M G Bartle F A Onians H C Jourdain J R Vaiz¢y J M HolTne Li Col. M A Marshall J N Crockatt (retired 2nd Apr 2025) A C S Macpherson Sir Edmund Verney G C Rothwell RPBack EAMLe¢ (reiired 2 Oct 2025) NBQBack A H J Crockatt l¥of. R H Wardman R G Scott Moncrieff B M de L Cazenove J E Cawley S W Cleaver SJMLyon S G Q Cooper A A S M¢Callum (from 6th Nov 2024) Chlef Executlve Offlcer Mr M R l Lane, The Clerk to the Trustee Bankers National Westminster Bank PLC 94 Moorgale London EC2M 6UR Solicltors Broadfield Law UK LLP One Bartholomew Close London ECIA 7BL Independent Auditors Haysmac LLP 10 Queen Street Pla¢e London EC4R IAG Investment Adviser JM Finn & Co Ltd 25 Copthall Avenue London EC2R 7AH
The Dyers, Company Charitabl¢ Trust Trustee's annual report at 31It October 2025 Report of the Trustee for the year ended 31¥t Oetober 2025 The Trustee presents its annual report #nd financial siatements of The Dyers. Company Charitable Tru51 for the year ended 31, October 2025. The financial statements have been prepared in accordance with th¢ a¢wunting policies set out in note I to the accounts and comply with the charity's tnjst deed. the Charitie5 Act 2011, 2016 and 2022, and Accounting and Reporting by Charities.. Statement of Recommended Practice (second edition October 20191 applicable to charities preparing theiraccounts in a¢¢ordan¢e wilh the Financial Reporting Stani5ard applicable in the UK and Republic of Ireland IFRS 102). Objeetives and actlvltles for the public benellt The purpose of the Trust is to make grnnis to registered eharities in support of a wide vglriety of charitable purpos¢S. It doe5 not support individuals directly. The Trustee confirnis that it has refetTed to the Charity Commission's guidance on public benefit when reviewing the Trust's aims and objectives, in planning future 4¢tivi¢ies. and in setting the grant making policy for the year. The Trust furthers its choritable purposes for the public benefit through its grant making policy which aims io provide grants to charitsble or8anisaiions involved in the area5 of supportin¥ young p¢ople. medical and social welfare together wilh or8anisations involved in their local community. Grant making policy The Trust has estsblished its grant making policy to achieve its obje¢i$ for the public benefit. The Trust invites applications for 5UPPOrt only from charitable organisaiions which have been Te¢omrnended by members of the Dyers, Company, and in many Cases support is Miven on a regular basi5. By f¢xusing giving in such a way, applications are kept at a mana8eable level which help5 to keep administration ¢05ts down, and the trust can monitor how the funding És used together with the impaci it ha5 on beneficiaries. In addi¢ion, having member5, involvement in the 5UPPOrted Charities means they have an underslandiDg of how th¢ chpTili¢$ are organised which in turn Saves stsff lime and h¢nc¢ odministration cosis of the Charitable Trust. Fundraising The Trust does not Ta15e money froTn ¢he public. Reviejy of our Achievements *nd perform&n¢e: How our grants delivered public benefiL During the year 167 {2024= 170) grants & donations were made io 151 {2024.' 1561 beneficiaries worth £1,000,000 12024: £868.703) and, including change5 to future funding commitmenis. totalled £1,028.400 {2024.. £861.103). These donations covered a wide and varied area of ¢haritable Activity with particular emphasis on supporting young people. medical and welfare causes. A full li5l of benefi¢i2ries is included in Note 14 to the occounts. Monitoring achievement The Charity has long standing relationships with the majority of its beneficiarie5. Court members and Liverymen of the Trustee e&rry out voluntary work for. andlor monitor the work of, the supported ¢harities and hence are able to give feedback on the effectiveness of the charities in fulfilling their objectiv¢s. With r¢8ards to the grants to the affiliated schools the aim is to provide facilitie5 and equiprnent which would noi otherwise be available. Representatives of the TNstee attend the Schools on a regular basL5 where they receive updates on the schools, perfomiance and achievement5.
The Dyers, Company Charitable Trust Trustee's annual report at 31°, October 2025 Financial Review The GeDer#l Fund Dividend and interest incom¢ for th¢ y¢8r 4TllOUTit¢d io £1.100.60312024-. £1,097.330). Grgnt$ and expenses during the year amounted to £1,183,377 12024.. £1,010.603) of which £75.109 (2024.. £72,551) related to invesrment management Costs. The tyust, in COrdAnce with its objects. made or committed to make donations io charitable causes of £1.028,400 {2024.. £861,103). The balance on the General Fund ai 31 1¢ Ocrober 2025 was £1,062,485 {2024: £1,144,701). The level (Trf Te5¢rves is sei at an amount which will enable the Charity io fulfil its future plans. The resetves policy is set out on page 4. The ExpendAble Endoivment Fund The Expendable Endowment fund is on expendable fijnd used from time to time to rn8k¢ major ¢apital grants but is mainly regarded as capi¢#l of the trust. io provide the incorne.earnin8 capability of th¢ ¢harity. Donations to the Expendabl¢ Endowment Fund in the year included £1,008,412 from The Dyers. Company. DuTing the year reali5¢d and unr¢ali$ed 8ains and 1058es on inve5trnen18 amount¢d io a net gain of £2.269.063 12024.. nel gain of £1,329,628). Gains and losses on inve5mients are includcd in the Expendable Endowrneni Fund balance carried forward at 31" October 2025 which stood at £33,658,147 (2024,. £30,380,672). Investment policy & performance The prineipAI objective is io produce a growing level of incorne which rise5 above the rate of inflation with which to fund charitable giving and commitments. In order to achieve thi5, the strategy is fur the portfolio to mainly omprise dom¢5lio and irtiemaiional equities. but fixed interesl stocks, alternative invesmients and colleclive inv¢stments may be held io improve diversification, reduc¢ volatility and gain exposure to more specialist are&s. The Trust¢¢ takes a long-terni investment outlook. The Trustee appreciate5 the inherent risk of equity inv¢strnent and fv)iential volatility of the market. A signifleartt fall in the capital value of the Trust would have a Small but a¢cepiable impact on the objectives of th¢ Trust, whereos the Trustee would like to maintain 8nd grow the level of income in all but the m05t cx¢¢ptiono1 morket conditions. For the year in review, the Charity's inve5tmcrti portfolio generated a total return of l 0.90/9 (2024.. 8.30/01. The total return of the FTSE All Share and the MSCI World lrtdex was 22.59/0 and 19.9Yo respectively over the same period. Risk Managemellt The principol risks faced by the Tnjst lies in the perfonnance of inveStentS. These risks are mitigated by using a ¢ombination of external and in-house expertise to manage the investhient portfolio. The 0ratIOnal risk of making ineffective grants is Tllltigated by the policy that the Trust only make5 grants to organisations which are 5UPPOrted by m¢rnbers of The DyeTS' Company (the charity's trustee). In addition. the published accounts of the 5UPPOrted charilies ar¢ reviewed prior io rnaking initial donations.
The Dyers. Company Charitable Trust Trustee's annual report at 31$¢ October 2025 Reseryes Policy The Trust, wh¢n 5¢tting the total sum to be made available for charitsble grants and donations each year. aims to pproximate this to the retained net income shown in the audiied accounts of the previous financial year. after allowlng for the rnnning costs for the year including a modest amount to cover any unexpected event. This ¢ffe¢tively means ihai the build-up of general reserves in any one year is then mostly spenl in the following financial year. Tht Trnstee regards this as acceptable as the endowment is not a pernianent endowmeni and henc¢ can be used to supplement ¥eneral reserves should the need arise. The general reserve at 3 1st October 2025 5tgod at £1,062,485 (2024.. £1,144.70]). none of which is regarded as restricted. Plans for the future The Trust plan5 to continue the practice of growing the income and capital of the Trust KJ that annual giving may increase similarly, although it recogt]ise5 thai h¢ightened commer¢hal and political uncertainry could result in future divid¢nd5 and inter¢st weived being lower than in the past. Structure* governance & management The Trnst is a registered charity, number 289547 and is constituted under a declaration of trust dated 1st Februory 1984. The declaration of trust directs that, with the consent of th¢ Court of The Dy¢rs' Cotnpany, the Trust will $upport charitable institurions and PUTP05e5. The declaration of trnst 8rant$ th¢ TTUStce wid¢ pow¢rs of investment. The Dy¢rs' Company is th¢ Trustee. The Court of The Dyers. Company has the power io ballot for and elect new mcmbcrs to that body. A list of Court members ihroughout the year is sei out under Reference and Administrative Infomatiort on page l. Induction and training.. The mernber5 of the Court have diverse experien¢e and training and new Court members are progressively trained through attendance at meetings. Trustee training se5sion5 are organised periodically. The Court meets seveTal tirnes a year and noTmally discusses the Trnst's activities at each meetin8. A Charities Committee meets at least once a year, nornally in February, to deeide which charitable causes to recommend to the Court for financial support given by the Trust. A Finan¢e Committee meets five times a year to monitor progress, receive report5 and rdtify inves¢rnent decisions. Key management personnel remuneration The Trustee considers the Court of the Dyers, Company and The Clerk {the chief executive) as comprising the key management personnel of the charity in charge of directing and ¢ontrolling th¢ charity and running and operaiing the charity on a day-to-day basis. All Court members give of their time freely and no frustee remuneration was paid in the year. Detsils of Thstee expenses and related party tr8nsactions are disclosed in notes I l and 12 to the accounts. Court members are required to disclose all relevant interes15 and Tegister them with the chief executive and in accordance with the Tst'S policy to refrain from voting on decisions where a conflict of tnterest arises. A proportion of the pay of ihe chief executive, as well as other stsff. of The Dyers. Company {the charity'5 trustee) is recharged to the charity on a time spent basis. The chief executive's Salary is reviewed annually and nomially incre&sed it] accordance with average earnings. The remuneration is bench-marked with other Livery companie5 io ensure that the remuneration set is fair and not out of line with th generally paid for similar role5.
The DyeTS' Company Charitable TnLSt Trustee's annual report at 31" OGtober 2025 Dlstrlbutlon to benoflclarles Grants paid within the year totslled £l,O(N).(M)0 (2024: £868,703). The Trust's policy is to aim to give away in one year substantially all the income received in the previous year. net of athninistrntion ¢ost$. Almost half of the Trust's grants go ty educational es(ablishments & initiatives.. 4% 1%2% • Schools affiliations 6% 28% Education & the young Education incl rolouration ,'1 Hpjglth & welf8re 15% Dyers, Almshouse Charlty Arme(I services r113ritiè$ Arm•d Sorvlcei afflllatlons Arts 12% •Thé Church The City 18% 2% s% •Oth•f Hlstory of charitable giving Ov¢r £7mil ha5 been given in lhe last ten years, with the amount given annually havin8 Brown I I Ivo over that period.. Anr4MI 81¥1 In £'O(I iooo 900 800 700 600 500 400 300 ?00 100 iool 2016 2017 2018 2019 2020 20ZI 2022 20Z3 2024 20ZS
The Dyers, Company Charitable Trust Trustee's annual report at 3111 October 2025 Comments from some of our beneficiaries orwlch School Norwich School is privlleged to enloy such a close relationship with the Worshipful Cofnpany of Dyers. We are all grateful for the Compan¢s 5UPPgrt and 5t wa5 a pleasure to welcome a visit from rnembers of the Court durln8 the summer of 2025 in order to celebrate our growlng Ilnks. The Dyers, financial support to Individual pup115, both through bursaries and non-means tested scholar5hlp award5, 15 muth appreclated,. It Is maklng a transformatioThal dlfference to young people ol rich potentS31. The means-tested bursarles, In partlcular, offer a stron& Ilnk to the Dyers, own phllanthropic m155iorTr and it Ss a prlvlle8e to work with you to provide15fe-changing opportunltles to famllSes from disadvantaged backgrounds. Alongslde the $18nificant capital contrlbutlons to buildin85 over the years, your financial support mean5 that the naffle and splrit of rhe Dyers run through our da51y Ilfe In Norwlth's Cathedral Close. We very much enjoy our partnerships wlth the Dyers, schoo15, too. The biennial Southwark concert Is now a staple in our school calendar, while we enjoyed welcomln8 both Boutcher and St Savigur's and St Olave's on Dyers-sponsored trips to Norfolk durlng the Sumrner Term 012025. These relation5hip5 are not static, and l arr partlcularly excited by the innovative work that the Company has enabled.. the 'healthy Steps, project led by Norwich School and Boutcher to enCorage the benefits of physical activity In prirnary a8ed puplls, the second round of which will take place in the corning academic year. We are also In discussion with member5 01 the Colour Cornmittee and St Saviour's ond 5t Olave's about the pi1gtin8 of re59urce5 lor educatlDn rEgardln8 colour chemistry. In short, Norwich School could not be the school it asplres to be withoutthe a5SiStance ofthe Dyers, Company. We offer heartlelt gratitude for all you do to support Norwlch khool. St¢ffan Grmllths. Head. Non¥lch School St James Garlkkhythe St Jarre5 Garlickhythe Is honoured tQ serve a5 the Parish Church for The Dyers. Cornpanv. 35 well as alrn05t 20 other Liverycompanles. With a history stretching back over IOOOyears, the church was once a 5toppin8 point for pilgrims en route to Santiago de Compostela a tradition now revived. Rebuilt by Sir Chr15topher Wren after the Great Fire of London, and 5urvivin8 modest damage in the Second World War, StJame5 remalns one ofthe Citvs most beautiful Interlors and an active centre of civic, spiritual. and cultural lrfe. WE are now embarking on a major restoration and develDpment project to preserve this historic building lor future generations while opening it more fully as a resource for parishioner5, local Te5idents, businesses. and visitors. Our outreach already includes SLlPPOrt for the Salvation Artny in Hoxton. an expandin8 focu5 on educ8tion. and a Choral Scholarship ScheTne foryoungsinger5 now In Itssecond year. Service5, conducted according to the Book of Common Prayer. continue to draw wor5hippeT5 of all ages from across London and beyond. The 8enerou5 SUPPOrt of the Dyers Company has been vital in sustaining this work, and wlth continued investment we will ensure 5t JaTTtes flourishes H5 both a place of worship and a living heritage lorthe Citv. The Ile¥d Canon Arthony H¢>we MA, F5A
The Dyers, Company Charitable Trust Trustee's annual report at 31st October 2025 Boutcher School, Southwark This year. a5 ever. the Dyers, 8eneroslty has shaped the very best ol what we offer our children. The funding you provlde, across the school, Forest School. Readln8, Art. MusSc and subsidy of our school trips has had a deeply positive and far-reachins impact. It continues to allow us to priorltise mental health and emotional development in way5 that would otherwlse be out of reach. So much of what defines Boutcher, It5 richness and dlstlnctiveness, would not exist without your 511PPOrt. It creates an environment that makes children rnore aspiratlonal. We are proud to be the number one school In Southwark for reading, writing and maths this year. a reflection of the hiBh standards, ambition and enrlchmeThtyour support makes posslble. The Dally felegraph also clted us as the best school In Southwark. a5klngi 'iVhy would you not wont to go to Boutcherl. Thls July, we offlclally opened the Dyers, Forest School. The tlrnlng felt particularly littin& a5 It coin£ided wlih our farewell toAlan Burdon Cooper IDyer5' Court mernber and retlrln8 Chair of Governorsl. Gardening Club. made possible bv vour fundin& ha5 worked hard to bring the Studio MASH masterplzn to life. Children have been part of every stase of the tran51ormation'. digging, planting. painting, building. They have seen first- hand how meaningful chan8e takes time, effort and care. One of our m05t-loved tradltSoThs remaln5 thè Prime Warden's annual presentation ol a book to everychild. At a tlme when book5 are, for rnany, a luxury, this act speaks volumes about the Dyer5' commitrnent to education and equity. Because the children ch005e their Dwn books, readin8 for pleasure is not lust en£oura8ecl, It 15 guaranteed. The lon8er-term impact ol thi5 15 now clear. It 15 another YEar where we continue to hear of irnpresslve academic achlevements from former pupils. A parent ol a pupll who achSeved 3 As at A-Level this summer said her 50n could only do so because of his love of readin8, a love that she says was cultivated at 8outcher. There is no doubt that seven years of acce55 to hi8h-quality literature, made p0$5ible by the Dyers. played a hu8e part In the successes ol this child and 50 many other 8outcher pupils. Thls year. your support enabled childreTr to work a8ain wlth artist Ed Gray on a powerful intergeneratlonal project with the residents of Appleby Blue Alrnshou5e. Children spent time sketching, listening. and palntlng alongside the resldents, producing work that wa5 both technically irnpre5s1ve and emotlonally rich. The final Ple$ wero exhibited publiclyi and three were selected from over 23.000 entries lor the Royal Academy Young Artist5, Summer Show. Musiccontinues to be a definin8 5tTenBth of Boutcher. Your support ensures that every child. regardle55 of background. can acce55 hlgh-qualliy muslc lessons. Violin, drummin& piano. guitar. cello, viola, and 51nging are all part of the offer. The standard of provision rerTTaln5 exceptional, offerin8 instruments and tuition to children who would not otherwise be able to access or afford it. Thanks to the Dyers. we have been able to offer weekly drama sessions with our 5ENDCo and to train and deploy a Thrlve practitloner to work with Year 6, and we are hoping to extend thi5 provision to other chlldren with complex emotional and soclal needs. Thrive has helped them rebuild, learning to navlgate friendships, regulaie emotions, and prepare for secondary school with greater ease and empathv. Lastly, two of the most treasured events in the school year, the Year 4 camping trip and the Year 6 visil to Hannover, are only p05siblE because of the Dyers. They return with wider per5pectivesand a new sense of what rnight be p055ible. Mrs ESlldh Verhoeven. Headteacher
The Dyers, Company Charitable Trust Trustee's annual report at 31$t October 2025 The Trussell Trnst Thanks to key partners like the Dyers Company Charitable Trust, Tiussell ènd our community of food banks have been able to meet astonlshln8 levels of need for ernergency food this year whilst also dellverin8 wrèp-around advice and support to people facing hunger. helping to reduce the rSsk that they will need to use a food bank in the future. Wlth your help, food banks across the Trussell ¢ornmunity dlstributed 2.9 million effler8ency food parcels between April 2024 and March 2025. Alon8slde thls, your 8eneroslty has enabled us to support food banks to otter actE55 to free, hi8h quallty advice. helping people to address the underlylng causes forcing them to need emergency food. 8etween Aprll 2024 and March 2025, expert advisers supported gver 84,0 people visiting their local food bank. ernpowerlng thèm to Increase thelr Income by an aston5shlnB total of £94.9 milllon, and supporrlng them to manage debt of over £49.5 mlllSon. On behalf of Trussell and our communlty of fgod banks, thank you so much for your generous support. Marcus S¥unders, Phllanthropy Offlcer- Tru5tS De Montford Unlverslty The generosity of the Dyers, Charltable Trust Is maklng a real and lastlng impact via the scholaT5hlp it provides. Thanks to the fundlns, the scholar is able to focu5 more fully on the5r studies 3nd creative prDjECt5 wlthout the constant pressure ol financial strain. It has allowed them to purchase essentlal supplles for thelr prolect5. such a5 sketchbooks and fèbrlc. Ag well as supportln8 the costs of public transport to and from univer51ty. For a lull tlme student, balanclng work alon8side studSes can be challenging and this scholirshlp ha5 eased this burden. It has allowed the scholar the scope to explore and grow 5nto thelr creatlvlty. opening door5 to the future that were not posslble before, especlally as the first In her family to go to unlver51tv. Abl Harrls. Fundrnlslnl and 5cholarshlps Offlcer Herlot Watt Unlverslty On behalf of the BA (Honsl Design for Textiles staff and students, please accept gur m05t earnest gratitude lor the fundlng support prgvided in academic year 2024125. The support for both individual student achievements with colour use and for the entire cohort toward5 the stand costs at New Deslgners was invaluable. We had ei8hteen graduates exhibiting at New Designers this past July, and each one 8alned tremendously from their particlpatlon in the event. Our Graduates gained valuable experience individually and within a comrnunliy to put up their work. make new networking contacts and Speak to the press. The New DeslKners event helped the students tc• consider their future path5, helping them secure prlvate commlssions and graduate opportunitle5 directly following the show. The students achieved considerable acclaim and indlvldual attention from tDO many lÈading companies to mention. (including Habitat, Romo. Weavers Ctsmpany, Ashley Wilde etel Marnle Colllns, Assistant ProfessorTextll• DeslK
The Dyers. Company Charitable Trust Trustee's annual report at 31" October 2025 Herne Bay High School- Boys, Dance Company {BDC) 8DC members have contlnued to be busy. Our 20- boy strong company performed two pieces In our annual Dance Showcase in May and as usual brought joy to the audience in seelng 50 rnany young men dancing together. Thelr flrst piece was b35ed upon Matthew 8ourne's 'Lord of The Flles, depicting the breakdown In rules and behaviour when young boys were lefi to fend forthemselves. fhelr seiond pSece, 'Fra8ments', was more upliftlng and celebrated that despite how dlfferent 311 the boys are, togetherthev make up a wonderful wholel We continue to have a partner5hlp wlth The Place (dance conservatoire in London) 3nd in May we hèd an inspiring workshop with two of their rnale 3rd vear students. They iame down to work with our boys for the afternoon to inspire them to pursue further dance tTalnln6. Thls wlll become a male mentorshlp project from September 2025. In early July we had a meetin8 With 80C and thelr lathers/parent5. Th5s wa5 to discuss and launch our prolect for this corning academic year. We are workin8 on an extended piece wh5ch reflect5 the Importance of positive male role mode15 In the Ilves of our youn8 men. This piece will have varlous guest appearances which include p35t male 5tudenis, male teachers and finally the boy5, own fathers and prlrnary care 8ivers. The piece will be PrnIered in our Wlnter Community Dance Platform in January 2026. BDC closed the year by performlng In a school sharlng event ovef at Homewood School in Tenterden. It was agaln a humbling expèrience as we were the only school there that had boys danclng In a sroup. Th15 15 a Sad reflectlon of thè work stlll yet to be done In other schools and establlshments In the lacllStatlon of boys. dancel Our communlty programme and facllltation have gone from strength to strength, thanks to your 8enerou5 fundln8. AscenDance, oui adult company, have expanded in numbers and have had a bu5V schedule throughout the year. They have been asked to pèrform on Hèrne Bay pier for a tharity, been the curtaln raiser lor a show at the Gulbenkian Theatre in Canterbury as well as performed in our own Showcase. Thy have a150 worked with varlous professional prattltioners thi5 year Including Amy 8itler from StDpGap Dance Co and Evie Hart from lasrnin Vardlmon Co. All thls has been made p05slble as we have been 3ble t0 5ubsidise these opportunitie5 Wlth your donation. Our Mlni-movers contiThue to flourish encouraging early dancer5 Irorn 38e5 18 months to seven years, and we hope to 8row in numbers thls comin8 year. A new addltion to our communlty provlslon thls year has been our Adult Wellne55 Classes offered to Staff and cornrnunity residents for one evening a month. ThE focus isto work on wellbeing and social connertion. The work5hop5 offered have included Dancercise and Mindful Stretch. with Beglnners Cha Cha and Tap dan for this comlng year. We really have had the most wonderful year with BOC and our communlty 8roup5 and much of it is down to the kindnes5 and gener051ty of the Dyer5. Wlthout which many of these expeflences would be Impossible as we would rnot be able to lund them. All and The Dance AcademyTeam
The Dyers, Company Charitable Trust Trustee's annual report at 315t October 2025 St Mungo's The St Mun80's Is hu8ely6rateful to have recelved a Brantof £IO.C¥JO from The Dyers, Company Charltablerrust. Every day and night, we workto support people experiencing homelessness and help them to rebulld thélr Ilves. In 202412S, we supported rn0 than 26,000 people experlencin8 or at risk of homelessness. deliverlng 1381rontline sèrvlces across London and the South of England. Across our 14 outreach teams, we engaged wlth over 10,000 people Sleeping rough, wh51e every nlght provldlng more than 2,0) people wlth safe accommodatlon. But we know this is only the beginning ol recovery. People wlth experlencE of homelessness face onRolnK barrlers to healthcare, educatlon, employment, and housing. That's why we dellver tallored, clienl-centred service5 that empowèr people and encourage long.terrn change. The 8enerous support of The Dyers. Company Charltable Trust help5 Sustaln these recovery 5ervSce5. givlng people the guldance, confidence, and opportunitles they need to rebuild their lives and move towards Independence. Wlth leve15 of homele55nes5 sadly continuin£ to r15e. the Trust's support plays an important role In ensurSn4 people recelve not only immediate help but also access to the recovery servl£e5 that enable la5tln¥ chanqe. Ch•rlbo Gh•il, Trust Fundr*is5ni Olllcer stmungos Cockplt Arts Cockplt Is a centre ol excellence In contemporary craft and our makers are ynlted by thelr extraordSnary skill and Ima8SnatSon. Our studlos in Bloomsbury and Deptford are home to 180 rnaker5 practlclng more than twenty craft discipllnes and for nearly 40 vears. Cockplt has nurtured and 5UPPOrted craftspeople at the fra8lle early stales of their careers. Our Awards and 8ur5arSes offer rnaker5 cruclal support as they devèlop thelr creative and professlonal practlce. They are a150 public recognition of the Awardee, 5 sklll and creatlve vlslon, 8ivin8 the makers addltional confidence to develop thelr p35slon Into a sustainable business. Importantly they offer tSme and space for makers to reallse the5r potentlal and bulld thelr profllè. The Dyers, Company Award supports a makèr uslng dyes or colourants In the course of their work. Jonathan Burton, CEO In 2024. 1 wos the reclplent of the Cockplt Dyers, Aword, generously sponsored by the Worshipful Cornpuny of Dyers. It's been Such o ple05ure belnq Involved wlth rhe Compony since receivinq my oword, from the Prizewlnners, lunch in July. to the lively Alumni Club Dinner In November, to receiving vurlovs members of the Compony gt my Cockpit Studig throughout the yeor. First and foremost, the Dyers Aword hos afforded me o welcomlng, Ilght-fllled, shared stud105P17ce ut CockpAt Bloomsbury. It's o creotive encluve of fflDker5 that is insplrln9 on o dutly bt7sIs. It htJs olso offered me busines5 mentorship that I would not hove achieved olone. Kathryn Tomasettl 10
The Dyers. Company Charitable Trust Trustee's annual report at 31st October 2025 Royal Over-seas Lea8ue ROSL rernains deeply grateful for the steadfast support of the Oyers Company In theSr fndIn& towards the ROSL Prize lor Wlnd and Bra55 Sn memory of Lady Barblrolll. 80th or8anisatlons had a stroTh8 coThnectlon to Lady Barblrolll, and we were dell8hted this year that our wlnner wa5 an oboei5t. Ewan Millar. who wènt on to wSn the ROSL Gold Medal. Thls generous fundlng Irom the company allows us to support young woodwlnd players at a cruclal and dlffitult tlme at the start of their professlonal careers. Geoll Pa1. Artlstlc Dlrector Wlnnlnq tht Dyers Compony Awardfor Woodwlnd has made 17 51qnlficont dlfferen£e to me prole55ionolly over the losr 6 rnonrhs. The oword lind the Royol Over-seos League cornpetltlon oenerolly ore well-known ond respected oround the Industry, ond hos eurnt me lovely prolse from my colletsgues. The money Is olso o bio help fvr the purchoslng of o new instrument l om desperotely keen for, ond oenerolfy ullowinq me to pursue othermore tlme<onsumlnq pmjecrs wlthoutflnonclolpre55ure. Ew•n Mmlar Royal Natlonal Llfeboat Instltutlon On behalf of the ANLI and our Ilfeboat crew5. 1 would likè to thank everyone at the Dyers, Cornpany for the wondertul donatlon towards our IlfesèvlnR work at Tower Lifeboat Station. Unllke theSr coastal tounterparts our Thames1Sfeboat crew member5 don't deal wlth bl8 waves or terrlfylng storms. Instead, they battle hugEtSdes, fast-movln8Water, brld8es, pler5, ma$51ve numbersof people and consiant river trafflc. Th1515 why Tower Ufeboat StatSon Is the RNLI'S buslest of all and requlres a crew to be on duty 24n. Last year Tower Lifeboat Station'5 crew launched 746 times and rescued 295 people- the hlghe5t number of both launches and rescue5 since the 5tatlon opened In 2002. Our crew member5 are willing to risk everythln8 to save complete stran8ers in trouble on the Thames. With your support. our crew wlll be ready lor anythln8. day In and day out - and we cannot thank you •nou8h for beln8 on board wtth us again this year. Please pass on our heartfelt thanks to everyone at the Dyer5' Company, for 5UPPOrtln8 the RNLI and for playln8 thelr part in over 200 year5 of saving live5. James D••con. Trusts aTrd Grants Manar
Th¢ Dyers, Company Charitable Trust Trustee's annual report at 31st October 2025 Signal Re8iment The Dyers Fund contlnue5 to play a vital role In 5UPPOrtln8 the nearly 600 soldiers withln the Regiment, f05terln8 a 5en5e of prlde and belonRlnR as they represent the unlt and wearthè Dyers swan wlth honour. The generous donatlOn5 recelved have been instrumentsl in enhancing the welfare and rnorale of our soldSers, enablin6 thern to feel part of 50rnethlng truly 5pèclal. One of the most cherished events supported by the Dyers Fund Is the Soldlers, Chrlstmas Lunch. This annual occasSon provlde5 a rare opportunltyforthe Re8iment to come together. relax, and enloyafestlve meal in a warrn and inclusive environment. Given the unit's hlgh readines$ Status. moments Ilkethe5e are invaluable lor bulldlDgcohes5on and camarader5e arnon8 soldler5. The Christmas Lunch Is more than just a meal., it is a chance to 51ren¥then bond5 and remSnd everyone of the shared Purpose and unity that define the Reglrnent. Anoiher slgnlflcant Use of the lund ha5 been the purchase of Commandln8 Offlcerfs ICO'S) Ihallenge coins. These coins are a tènglble way to recognSse arnd reward the hard work and dedicatlon ol our soldlefs, makln8 thern feel truly valued. The coins, wh5ch a150 doublè as bottle openers. have become a cherlshed keepsake for rEcSplents, syrnbollsSn8 thelr contributlons to the Regiment. This small but meaningful gesture h45 a profound impact on morale, relnforcln8 the sense of prlde and achievernent wlthin the unlt. The Dyer5 Fund ha5 a150 enabled soldlers to particlpate In adventurou5 tralnln8 IATI attivTrtles, such as a recent trekkln8 expedltion in the Atla5 Mountains, Morocco. These activltie5 are es5entlal for devèloplng teamwork, leadershlp, and resllience. all of which are crltlcal 5kllls for mllStary personnel. AT provSdes soldler5 wlth the chance to challenge themselves In unfamlllar environments. fosterin8 personal growth and strengthenln8 the bond5 between team members. Finally, the Dyers Fund has been plvotal In the creatlon of the Globetrotters E-sulte, a dedlcated space for soldier5 to relax, 8ame, and build teamwork and coheslon. This facS1ity not only offers a much-needed area for downtlme but also serves as a platform for developing cyber skllls, whlch are increasingly vital in today's multi-domain operational envlronment. The E-sulte Is a testament to the Regiment's commitment to preparlng its soldSers for the ¢hallen8es tsf modern warfare while en5urlThg thelr well-being. In 5ummaryi the Dyers Fund has been Instrurnental In enhanclng the Ilve5 of our soldiers. from fosterln8 camèraderle durln8 the Christmas Lunch to recognising achievement5 w5th C(Ys challenge coins, supporting adventurou5 training, and creai5nE thE innovative Globetrotters E-suite. These inltialive5 underscore the Importance of the Fund in malntaining the rnorale. cohesion. and readiness of the Reglrnent. On behalf of all our soldiers, we extend our heartfelt gratr(ude to the Dyers for their continued Eerberosity and 5UPPOrt. Warrant Oflker Class One A J Body M8A Re¥lmentsl rstan1 Major 12
The Dyers, Company Charitable Trust Trustee's annual report at 31°, October 2025 HMS Vanguard HMS Van8uard continue5 to benefit frorn the valued and endurin8 support of it5 affiliated Livery Company, the Worshipful Company of Dyer5. Followlng a 8enerous grant lo the Starboard crew last year prlor to thelr record-breaking patrol of over 200 day5-the Port crew 15 now the proud recipient of an even more 5ubstantlal contrlbutlon os we prepare to sail agaln for a slmllar perlod and provlde the UK'5 Strategic Nuclear Oeterrent Ihrou8h the remainder of 2025 and into 2026. By supportlng the Welfare Fund lor both crews, the Overs. Company plays a vltal role in sustaining morale and well- beln8 across the Shlp's Company. Recent examples of thi5 5UPPOrt includè.. Funding state-of-the-art onboard media systems for all crew members,- Providin8 decorations for public holidays durSng patro15, brlngin8 a sense of home to life at sea,. Supplying materlals and prlze5 for whole-boat entertalnment events that foster CaTnaraderie and re5ilientè. Th1$ 8eneroslty eMtend5 beyond our t5me at sea. A5hoTe, it enables cherished social events such as the Ship's Company 88Q an opportunity lor crew and famllles to reconnect and strengthen the bonds that underpin our effect5venes5 a5 close-knlt, hl8h-performln8 team. Whenever publlc lunding cannot cover Inlt5atives that enhance crew coheslon and morale, the Welfare Fund bolstered by the Dyers, Company steps In to ensure the moral component of our operatlonal capablllty rernaln5 5tron¥. For this continued and meaningful support, HMS VANGUARD IPortl offers it5 sincere and endurlng gratitude to the Worshlpful Company ol Dyers. Cdr C M Dlck RN, Comm•ndlni Officer HMS Vaniuard swan Support The generous donaiion Irom the Worshlplul Company of Dyer5 ha5 been critical in helping our efforts to rescue, treat, and rehabilliate swan5 acr05S the south and west of England. Your support ha5 enabled u5 to contlnue to travel further to help swans In need when no other charities had the avallabilliy or expertise, while also coverln8 increased fuel and food costs to care for record numbers of swans and cygnet5. Thi5 year we invested In a rescue boat allowing us to tackle complex water rescues more effectively - it has already been used at Swan Upping and will play an integral role at the Henley Royal Re8atia next year. At the Same tiTne. we continue to face escalating veterinary bills due to deliberate act5 of cruelty. such a5 Catapu attacks, and an increase in fishing-related injuries- two cygnets both sutvived after swallowing hook5 thank5 to urgent veterinary care, with one successfully reunited with it5 farnily. More swan families than ever have needed our help. as extreme heat and drought dried up lake5 and ponds. further driving up lood and care c05t5. Looking ahead. we are seeking fvnding to develop a permanent StrUUre at our site and create new water-ba5ed pens wlth floating pontoons, ensuring we can continue to provide the hl8h25t standards of care. We are deeply grateful for your continued 5UPPOrt, which 15 hElpin8 U5 PTQtect swans at 3 time when they face unprecedented threats. Together, we are ensurin8 these iconic biTd5 survive ond thrive for future 8enerations. Joanne 41e Nobrigatr Trustèt 13
The Dyers, Company Charitable Trust Trustee's annual report at 318t Octobgr 2025 Statement of Truglee's responsibilities In respect of th8 accounts The Trustee is responsible for preparing the Ttuslee's Report and the financial statements in accordance with applicable law and United Kingdom A¢¢ounting StandaTds (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wale5 requiT¢5 th¢ Trus1¢¢ lo prepare finan¢ial statements for each financial year which give a true and fair view of the stat¢ of affairs of the charity and of th¢ incoming resources and application of resources of the charity for that period. In preparing these finan¢ial siatem¢ni$, the Trusiee is required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP., make jud8emenis and estimate5 that are reasonable and PTudent; state whether applicable accounting standards have been followed, Subject to any material d¢partures disclosed and explained in the financial stalements; prepare the financial statements on the going concern basis unle55 It is inappropriate to presurne ¢hat the charity will continue its Bctivities. The Trustee is responsible for keeping proper accounting records that disclose with rea50nabl¢ accuracy 9t any time th¢ finan¢ial position of the charity and enable it to ensure that the financial 5tatemenls ¢ornply with the Charities A¢t 2011 and the provisions of ihe Irusi deed. It is also Te5pon5ible for safeguarding ¢h¢ a$5ets of the charity and hence for iakirt reasonable steps for the prevention and detection of fraud and other irregularities. The Trustee is responsible for the maintenance and inl¢grity of thc charity gnd financial infomiation included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the Tnjstee on 4 February 2026 glnd signed on its b half by M G Mathieson- Prirne Warden of the Trustee S W Cleaver- Renter Warden of the Trustee 14
Dyers, Company Charitable Trust Independent auditor's report to the Trustee of The Dyers, Company Charitable Trust Opinion We have audited the financial statemenis of The Dyers. Company Charitable Trust for th¢ year ended 31, October 2025 which comprise the Statement of Financial Activities, Balance Sheet, State]nent of Cash Flows and notes to the financial statements. including a summary of signifJ¢ant ac¢ounting policie5. The financial reporting framework that has been applied in theirpreparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generdlly Accepted Accounting Practice). In our opinion the financial statements: give o trne and fair view of the stste of the charity's affairs as at 31$1 October 2025 and of its net movement in funds for the year then ended: havc b¢¢n properly PT¢par¢d in accordance with United Kingdom Generally Accepted Accounting Pra¢li¢e: and have been prepared in a¢¢ord8n¢¢ with the requirements of the Charities Act 2011. Basis for opinio We have been appointed as auditor under section 144 of the Charities Act 201 l and report in ordance with the Act and relevant re8ulations made or having effect thereunder. We conducted OUT audit in accordon¢e with International Standards on Auditing (UK) {ISA5 (UK)) and applicabl¢ 1¥4w. Our r¢sponsibilities under those standards are further described in the Auditor's responsibilities for th¢ audit of th¢ finan¢ial st&tements section of our report. We are independent of the charity in accordancc with thc cthi¢al requirements that are relevoni to our audit of ihe financial staiemen15 in ihe UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibiliiies in accordancc with the.sc qUIrementS. W¢ lIeve that the ¥udii evidence we have obtained is Sufficient and appropriate to provide a b1$ for our opinion. Concluglons relatlng to ¥olng confern In auditing the flnancial staiemenis, we have concluded that the TTUStee's use of the going concern bosi$ of ac¢ounting in the preporation of the fjnancial siatemenis is appropriate. Based ort the work we have perfonned. we have not identified any material uncertaintie5 Tel8tiT)g lo ev¢nls or eonditions that, individually or collectively. may c85t significant doubt on the charity's ability to continu¢ as a going coneern for a period of ai least nwelve months from when the financial statements are auihoT15ed for issue. Our r¢sponsibiliti¢s and th¢ responsibilities of the Trustee with respect to going concern are described in the relevant 5e¢tions of this report. OtheT InforTh4tlon The Trustee is responsible for the other infoTmation. The other informalion ¢ompris¢$ the infomiation irtcluded in the Trustee's Annual Report. Our opinion on the financial siatements does not cover the other inforniation an except to (he extent oihenvise explicitly stated in our report, we do not express any fornj of assuran¢¢ ¢on¢lusion thereon. In connection with our audit of (he financial statements. our responsibility 15 to read the other infomiation an in doing so, consider whether the other infomiation is materially incon5iStent with the finan¢ial statements or our knowledge obtained in the audit or othenvise appear5 lo be materially misstated. If we identify such material inconsistencies or apparent material rnissiaternents. we are required to detemiine wheiher theTr is a material missthtement in the financial statements or a rnaterial mi55tatemeni of the other infornjation. If. based on the work we have perfornied. we conclude there is a maierial rni$5tatement of this other inforniation, we ar¢ required to report that fact. We have nothing to report in this r¢g3rd. 15
Dyers, Company Charitabl¢ Trust Independent auditor's report to the Trustee of The Dyer8' Company Charltable Trust MAtters on whleh we are required to report by exeeption W¢ have nothing to report in respect of the following matters in relation to which the Charilie5 (Accounts and Reports) Regulations 2008 require us to report to you if. in our opinion= adequate accounting record5 have not been kept by the Charity. or su1¢Ient accounting records have nor been kept., or the charity fancial Statements are not in agreement with the accounting record5 and returns,. or we have not received all the infornlation and explanations we reqllire for our audit. Responslbilitles of Trustee for the nnanclal statements As explained more fully in the Trusi¢¢'s responsibilities statement set out on page I l. the Trustee is responsible for ihe pieparlltion of the fmancial statements and for being satisfied ihat they give a tTue and fair view, and for such int¢mal control as the Trustee detemiine is necessary to enable the preparation of finan¢ibl siaiements thai ar¢ fr¢¢ from material misSteMent, whether due to ftaud or error. In preparin8 the financial statements. the Tnjstee 15 responsible for a55es5ing the ¢harity'S &bility io eontinue as a going concern, disc105in8, as applicable, matters Telated to going conccrn and using th¢ going concern basis of accounting unless the Trustee either intend to liquidat¢ ihe charity or ¢0 ¢¢as¢ operations. or have no realistic alternative bul to do $0. Audltor's regpon$lbllltle$ for the audlt of the flnanclal statements Our objectives are lo obtain reAgonable agsurknce abDUL whether the financial statements as a whole are free from malcrial mis$tat¢m¢nt, wh¢iher due to frAud or error. and to issue an auditor's report that includes our opinion. R¢a50n8bl¢ Assurftnce 1$ a high level of assurance bui is noi a guarantee that an audit conducled in ac¢ordan¢e with ISAS {UK) will always deieci a material misstatement when it exists. Mis5tatement5 can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably b¢ ¢xpcrt¢d to influence the economic decisions of user5 taken on ihe basi5 of ih¢se finon¢ial $tatemenis. IegularItIC including fraud, are instances of non-compliance with laws 4rtd regulations. We design procedures in line with our r25ponsibililies, outlined above. to detect Tnateri21 misstsiements in respect of itTegularities, including fraud. The ¢xtcnt to which Our procedures are capable of detecting iegular1tIcs, including fraud 15 detail¢d b¢low.' Based on our understanding of the charity and the environment in which it operates, we idenlified that ¢he principal risks of non-compliance with laws and regulations related to registered ¢harities, and we considered the extent ro which non-cornpliance might have a material effect on the financial $tatements. We also considered those laws and regulaiions ihat have a direct impact on the Preparation of the fing¢1a1 staternents such as the Charities Act 201 l and other factors such a5 taxation. We evaluated management'5 incentive5 and opportunities for fraudulent manipulation of the financial ststements (including the risk of oveIde of contro151 and delertnined that the principal risks were related to manual accounting journals. Audit procedure$ perfornied by the engagement team included.. discussions with management including consid¢ration of known or suspected instances of non- compliance with law5 and regulation and fraud. evaluating management's controls de5ign¢d to pr¢v¢nt and detect Irre8ulariÉiCS' identifying and testing manuals accounting journals, in particulaT any unusual items,. and ehallenging UMptionS and judgements made by management in their critical accounting estimate5 Because of th¢ inh¢r¢n¢ limitations of an audit, there is a risk that we will not detect all i)Tegulariiie5, including tho5¢ l¢ading to a tnaterial Tnisstaternent in the financial siaiements or non-compliance wilh regulation. This risk inrr¢ase5 the mor¢ that cornpliance with a law or regulation is removed from the event5 and transactions reflected 16
Dyers, Company Charitable Trust Independent auditor's report to the Trustee of The Dyers, Company Charltablo Trust in the financial statemcnts, a5 w¢ will b¢ less likely to become aware of instan¢e5 of non-compliance. The risk is also gr¢at¢r r¢garding irr¢gulariti¢s occurring due io fraud rather than error, as fraud involves inientional concealm¢nt, forg¢ry, collusion. omis$ion or misrepresentalion. A fvrther d¢5criplion of our responsibilities for ihe audit of the financial statements is located on the Financial Reporting Coun¢il's w¢bsite at.. www.frc.org.uklauditor5Te5PQTbsibilities. This description fomis part of our udiior's report. Use of our report This report is made solely ro the charity's Trustee, as a body, in a¢cordan¢e with seciion 144 of the Charities Act 201 l and regulations made under section 154 of that Act. Our audit work has been undenaken so that we might stote to the charity's Trustee those matters we are required to Sta to ihem in an Audiior's repon and for no oth¢r purwse. To the fullest extent peTmitted by law, we do noi accept or assume responsibility to anyone other than the charity's True¢ os a body for our audit work, for this report. or for the opiniony w¢ have fornied. -14q£thoC L Haysmac LLP Statutory Auditor 10 Queen Street Ploce l.ondon EC4R IAG Ltn tr&2b knL6 Haysmac LLP is eligible io act a5 an auditor in lernis of section 1212 of the Companie5 Act 2CH)6 17
Th¢ Dy¢rs' Company Charitable Trust Statement of financial activities for the year ended 31st Octobor 2025 Expendable Endowment Fund Unrestricted Gcneral Fund Total 31 Oetober 2025 Total 31 October 2024 Notes Incorne: Inve51ment income 1,100.603 558 1,100,603 1,008,970 2,109,573 1,097,330 1,007,048 2,104,378 DonAtioths 1,008.412 1,008,412 Totgl income Expendlthrt.. Charitable hetivitics 4,5,14 1,108.268 75,109 1,183,377 1,108,268 75,109 ,183.377 938,052 72,551 1,010,603 Invesiment managemeni ¢osis Tot&1 expendltsre Net IDcorn¢ I l¢Jpendl¢yr} btfort ¥alllS And louu on investment$ 1,008,412 {82216) 926,196 1.093,775 Net gilTrs l (losses) on Invutmwts 2,269.063 2,269,063 1.329.628 Net movement funds for the year 3.277.47J (82.216) 3,195259 2,423.403 Fund bglnttJ brought forward 30,380,672 1.144.701 31,525,373 29,101,970 Fuhd b*lintu tirrled forward 33,658.147 1.062.485 34,720,632 31,525,373 All the Charity's operations are classified as continuing. There are no recognised gain5 and 105ses ¢)ther than those included in the Statetnent of Financial Activities. 18
The Dyers, Company Charitable TNst Balance Sheet at 3161 October 2025 31 October 2025 31 thtober 2024 Notes Fixed Assets Investmenl portfolio a¢ market value 33,872,383 30,560,692 Current 4$$el$ Debtors and prepayments Cash held in deposit accounts Cash at bank Total Current assets 9,553 .129,474 2.000 .141,027 9,149 1.217,506 2.000 1,228,655 Ll*bllitle$ Cr¢ditors and provisions falling due within one year (100,078) (97,874) Net eurreTrl Issets (Ilabllltlu) 1,040.949 1.130.781 Totsl ass¢1$ le eurrent Ilabllltks 34,913,332 31,691,473 Credltors falling due after more thAn one ye8r 15 (192,700) (166,100) Tothl net a55etJ 34,720,632 31,525,373 Repre$eni¢d by: Unreslri¢i¢d furtds Exp¢rtdable Endowment Fund General Fund 10 10 33,658,147 1,062,485 30,380,672 1,144,701 Total funds 34,720,632 31.525,373 Approved y the TTUSt on 4th February 2026 and signed on its behalf by.. M G M&thieson- Prim Worden of the Trustee S W Cleaver- Renter Warden of the Tru5t¢e 19
The Dyers. Company Charitable Trust Statement of Cash Flows fr•r the year ended 315t October 2025 31 Ocltsher 2025 31 October 2024 Cash Ilows from opergting actlvltles Net income l (expenditure) for the ye8T Add back (deduct) realis¢d / unr¢alis¢d losses l (gains) Remove dono¢ions io endowment fund 3.195,259 {2,269,063) {1.008.412) (1,100,603) {404) 28.803 2.423,403 (1,329.628) (1.006,392) (1,097.330) (1.594) {6,066) Remove investment inci)me Decrease / (Incr¢¢) in debto IDcrease / (decrease) in crediiors Net cash provided by / (used in) operating activities (1.154,42Q) (1.017,607) C8gh flows from Inve$tln% #¢tivlties Investment income 1,100,603 1,097,330 1,633,955 (1,621,025) (1,006,J92) 27 Add proceeds from sale5 Of investments Deduct cost of purchases of investments Deduct value of investm¢nts r¢¢¢ivcd by donation Other inv¢sttn¢ni adjustments 1,879,058 {1,913,274) {1.8.412) Nel cash provided by I (used inl irtvestin activities 57,975 103,895 CA$h tlows from flnancing actlvlties Value of inve5mients received by donation Legacie5 rec¢ived 1,008,412 1,006,392 Net cash provided by l (u9ed in) financing activities 1,008.412 1,006,392 Change in cash and cash equivalents for the year (88.033) 92,680 Cash cash equivalents At 31$1 oober 2025 .131,474 1,219,507 1.126,827 Ai 1° November 2024 1,219,507 (88,033} Movement (0$ aVe) 92,680 20
The Dyers, Company Charitable Trust Notes to the accounts at31°' October 2025 l. Accounting policies (a) Basis of prepargtion and assessrnenl of going eoneern The accounrs have been prepared under the historical cost convention with items recognised at cost ortransaction value unless oihenvise staled in the Televant accounting poli¢i¢s b¢low or ihe notes io these accounts. The accounts have been prepared in accordance with Accountirtg and Reporting by Charities: Statement of Recommended Practice {second edition October 2019) appli¢abl¢ to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢able in ihe UK and Republic of Ireland {Charities SORP FRS 1021, the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The Trust constitute5 a public benefit entity as defined by FRS 102. The Trnstee consider5 Ihat there are no material UT)C¢rtainties about the Trust's ability to continue as & going concern. (b) Funds ytrueture Th¢ ¢hariry has an expendable endowment fijnd. The ternis of the endowment allow the capithl of the fund to be spent if the Trustee so detennine5. The general fund 1$ unrestricted and is available to use for any purpose in furtherance of the ch&Titable objecls. (c) Inveslment Incorne Investment income is recognised when receivable. (d) Interest Incorne Interest income is recognised when receivable. (e) Donatlons Reeelvable All income is recognised once the charity has entitlement lo the in¢ome, it is probable that the income will be rec¢ived, and the amount of income receivable can be measured reliably. Donations are reeognised when ihe TNSI has been notified in writing of both the grnount and setLlement date. {fj Expertditure Expenditure is ac¢ount¢d for on an a¢ernals basis. When a commitmeni has been made to pay a grani in future years. such as educational bursaries or longer-tem) grant commitments where any condition5 of ihe grant are expected to be met, the amount of the ¢ommitsnent is recognised and reported in addition to cash expenditure in the year thai the comrnimenl is made. Irrecoverable VAT 15 ¢harged against the expenditte heading for which it is incurred. {¥) Allocatlon of eosts Expenditure on the charitable activity include5 all grant5 and awards made by the trust during the year. All such donations are recowised in the year of the award. The office staff are employed on joint employm¢nt contracts. the costs of employment are borne in the first instance by The Dyers, Company but apportioned to the charity as they arise. The investment adviser'5 fee and bank charg¢5 are clw8ed against investment management costs. 21
The Dyers, Company Charitable Trust Notes to the accounts at 31¥t October 2025 l. Accounting policies eontld (h) Investments Investment5 are a fonn of basic finencial instrument and are initially r¢¢ognised At their transaction value and subsequently measured at their fair value as at the balance sheet date using the quoled market price. The stotement of financial activities includes the net gains and losses arising on revaluation and disposals throughout ihe year. The Trust docs nol ¢urr¢iitly hold options, derivatives or other complex financial in5trurnent5. The main fonn of financial risk faced by the ¢harity is that of volatility in equity mw*ets and inv¢slm¢nt Tnark¢ts due to wider economic condition5, the attitude of invcsiors to invesThent risk, and changes in sentiment conceming equiiies and within particular sectors or sub-s¢ciors. (i) Re81istd 8ains and losy All gains and losses are taken to th¢ Statem¢nl of Finan¢ial Activities as they arise. Realised gains ond losses on investmenls are calculated as the diffeTcn¢e b¢tw¢¢n sales proceed5 and their openin8 ing yolue or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and 105se5 are calculated as the diff¢rence behveen the fair value at the year end and their carrying value. Realised and Unrealis investment gains and losses are combined in the Staiemeni of Financial Activities. O) Flnanclal instruments The charity only ha5 financial &ss¢tS And finAncial liabilities of a kind that qualify as basic financial instruments. Basic financial instrumcnts are initially recognised at transaction value and subsequently m¢Ured at the settlement value. Ik) Slgnificant judgements estlmate$ The Trusiee consider5 that there are no signifi¢an¢ judgement oreas in the Application of the accounting policies. 22
The Dyers, Company Charitable Trust Notes to the accounts at 31st Octobgr 2025 3J October 2025 31 Oeiober 2Q24 Investment income Listed investsnents.. Dividends & interest on securitics 1,068,329 1,064,935 In1¢r¢5t'. Interest on bank deposit5 32,274 32,395 Total investment incorne 1,100,603 1,097,330 Voluntsry income- donations received The Dyer5' Company (Exptndable Endowment) Donations & legacies (Expendable Endowm¢n¢) Current Liveryrnen (General Fund) Other donaiions (General Fund) Gift Aid (General Furtd) 1,008,412 1,006,392 250 358 406 160 40 1,008,970 1,007,048 Charitable Activity Grants & don8tloTrs (see note 14} Grants & donations paid within the year Provi5ion5 foT fvture grani$ & donations- General Fund 1,000,000 28,400 1,028.41X) 868.703 {7,6) 861,103 Other expendl¢wr¢ Staff ¢ost$ (see note 51 Audit fee 63,635 9,600 6.633 79.868 60,042 9,240 7,667 76,949 Trnv¢l, office and g¢neral Grants & donxt10115 Pn)visions for future grants & donation5- EDdowment Furjd Total eh#rltable actlvity expenditure 1,108,268 938,052 23
The Dyers. Company Charitable TnLsI Notes to the accounts at 3151 October 2025 31 October 2025 31 October 2024 Analysis of staff costs Salaries and b¢n¢fit$ in kind 45,(M)O 13,273 5.362 42.484 Pension costs 12.717 4,841 60,042 Employer's National Insurance Conrributions 63,635 All the above ¢osis are represented by recharges to the Charity from the Dyer5' Company whi¢h undertakes the processing of the payroll for the staff concerned. The average number of ¢mployees where a proportion of their employmenl costs have been charged to the Charity during the year wa5 5 (2024.. 5) with all employee time involved in providing eiiher support to the administra¢ion and governan¢¢ of the Charity or support services io the charitable activities. Th¢ Trust considers its key management personnel compT15¢ the TTU51e¢ and the Chief Execuiive. The total reehar8ed employment benefiis of the key management pcrsonnel were £15,658 {2024'. £14,130). No re¢har8ed individual management remuneration exceeded £60,00012024.. none). Investment management costs Investment management fees Bank Charges 74.805 72,247 304 304 75,109 72,551 Listed investments Market value at the start of the year Additions in the Ye af cost Value of investments received by donation Disposals in the year at carying value Gain l (L0551 in the year on inve5ttnents retained M8rket value at the end of the year 30.560,692 1,913,274 1,008,412 (1,907,867) 2.297.872 28,237,628 1,621,025 1,006,392 (1,768.781) 1.464,428 33,872,383 30,560,092 Historic cost of investments held at the end of the year 20,470.154 19,153278 24
The Dyers. Company Charitable Tnjst Notes to the accounts at 31° October 2025 31 Ociober 31 Ociober 2025 2024 Debtors Divid¢nds & interest accrued 7,428 1,371 754 7,124 1,305 720 Prepaid insurance Pr¢paid staff expcnditure 9.553 9.149 Creditor5 Grant commitments due in less than one year Norwich School 61,100 12,(MK) 8,000 2.500 63,800 St Paul's Cathedrdl St Saviour's Sehool City University 10.O(K) 83,600 81,8fM) Audit fee 9,600 6.878 9,240 6,334 500 Investment rnanagemenl Travel 100,078 97,874 10. Analysis of charitable funds Unrestricted Funds Expendable Endowrnent Funds Total Funds 3111 October 2025 Investments 214,236 1,141,027 {100.078) {192,700) 1,062,485 33,658.147 33,872,383 ,141,027 (100,078) (192,700) 34,720,632 Curr¢nt A55¢t5 Current Liabilitie5 Provisions Tot#1 33ffj3&147 25
The Dyers, Cotnpany Charitable Trust Notes to the accounts at 3111 October 2025 Unrestricted Fun Expendable Endowment Funds Total Funds 31, October 2024 Investments 180.020 1,228,655 (97,874) (166.1(10) ,144,701 30,380,672 30,560,692 1,228,655 {97,874) (166,100) 31.525.373 Curreni Assets Current Liabilities Provisions Total 30.380,672 The Expendable Endowmeni Fund comprises gift5 to th¢ Trust. including any resultani realised or unreg41ised movement on investments, and th¢ capital may b¢ r¢t4in¢d or Spent by the Trustee. The Expendable Endowment Fund is mostly Tepresent¢d by listed inv¢stments. The Gen¢ral Fund comprises the accumu1ed income of ihe charity, which is used to meet the 4nrtual charitable dona¢ions and the rnnning expenses ofmanagement and admini5trdtion. 11. Transactions with the trustee Neither the Trustee, nor any person connected to the Trustee, has r¢¢¢iv¢d any r¢muneration from the Trust durin8 the year other than the apportionment of slaff cost5 from Th¢ Dy¢rs' Company for management and administration as a result of join¢ employment ¢ontracts12024.. £nil). 12. Related party transactions The Trustee is The Dyers. Company. During rhe year, The Dyeis, Company made donatiOll5 to th¢ Charity totallin £l,(KJ8,412 (2024.. £1,006,392). The Dyers, Company 15 also the Tru5te¢ of Thc Dyers, Alm5hou8c Charity CIO, to which the Charity donated £153,632 during the year (2024., £nil). The Dyers, Company also recharged 58IJTI¢S and on-costs amounting 10 £63,635 (2024: £60.041). The balance owed to The DyeTS' Company at 31" October 2025 aTnourtted to £nil {2024.. £nil). 8 Court members of The Dyers, Company clairned trdvel expenses amounting to £4,142 (2024.. £4,895). Note 14 r¢¢ord5 those beneficiaries of which Coun members are governors or trustee5. There are no other related paty trantionS requiring dl$¢105ure. 13. Capital commitments At the balance sheet date the charity had noi contracted for any capital expenditure. 14. Charitable grants and donations The Dyeing Industry Association of Weaver5, Spinners and Dyers Bradford Textile Society Cockpit Arts Royal School of Needlework 31 October 2025 2,000 1.500 9.000 5,000 £17,500 26
The Dyers, Company Charitable Trust Notes to the accounts at 31°, October 2025 14. Charitable grants and donations eontld Edueation (Schools Affiliations) Boutcher C of E Primary School Non¥ich School Sl Saviour's & St Olave's 31 Ociober 2025 92.(M)O 77,943 112,800 £282.743 'Members of the Court and Livery of The Dyers, Company, the Charity, trUse. hold positions of govemoT at these schools. Edycatloll 4nd th¢ Young I. Wiglon Baden-Powell Scout Group Big House Theatre Company Bookmark Reading Charity Brili5h Ro¢ing S¢hool Newmarket Camden School for Girls Cirdan Sailing T51 City and Guilds of London Insiiiuie City University Crispin School- Wessex Learning TTU51 Dulwich Village CotE Infant's Scht)oI PTFA Friends of Scott Polar Rese&rch Institute Fulham Reach Boat Club Greenhouse Sports Gr¢y Coat Hospital School Guildhall School of Music & Drama Herne Bay School London Youth Rowing Mary Hare Foundation Mid-suffolk Gymn951ics Club Music and Change PACE Royal Welsh College of Music and Drama St Michael's Fellowship Sr Paul's Cathedral Choir- Girls Voices Salisbury Area Young Musician5 Srnallp¢ir¢ Tru51 Tr¢loar Trust Wigtown Festival Company World Heart Beat Music Academy XLP Young Actor5 Theatre in Islington Young Musi¢ian$ Symphony Orchestra 5,000 1,000 2.000 3,000 5,000 5.000 5.000 10,000 2.000 2,000 1,000 3,000 5,000 3,000 5.1)00 3,000 5,000 3,000 3,000 1,000 5.000 2.500 3,000 12,0(M) 1.000 2,925 5,000 3,000 3,000 3,000 4.000 2,500 £118,925 Educatloll- Colouratlon Aspect De Montfort University Edinburgh Colleg¢ of Art Heriot Watt University Middlesex University Nottingham Trent University United in Design 6,500 4,000 9.000 17.000 9.500 5,000 £51,000 27
The Dyers. Company Charitable Trust Notes to the accounts at 315t October 2025 14. Charitable grants and donations contld 31 OclÉpbÈr 2025 The Church Chemin N¢uf Society Community of St Anselrn, L8mbeth Palace Crawley Baptist Church Friends of Nojivich Cathedral Friends of Wymondham Abbey St Andrew'g Church. Holt Si George's Church Preshute Si. James's Church. Garlickhythe Si James's Church Rowledge Si Lawr¢n¢¢, Le¢hlade- Project Inspire St Lawrence Nettleden St Paul's Cathedral The Royal Foundation of Si Katherine Trustees of the United Guilds Se)vice 2.500 1,000 2.000 1.000 3.000 3.000 1.000 12.000 3.000 5.000 2,000 2,000 5,000 ?00 £42,700 The Clty Lord Mayor's Appeal Sheriff5' and Recorder's Fund 5,000 5.000 £10,000 The Armed Servlces (Affillatlons) 4th Bn Parachut¢ R¢gim¢nl 31P Signal Regim¢nt Queert's Gurkha Signals HMS Vanguard 617 Squadron RAF 14,OLM) 14,000 14,OnO ,000 6,000 £5fj,000 The ArTh Servlcey (Chgrltleg) 1475 (Dulwich) Air Squadron ATC Cadets ABF The Soldiers, Charity First Aid Nursing Yeomanry (Princess Royal'5 Volunteer Corps) Gurkha Welfare Trust Royal Air FoTce Benevolent Fund The Royal Navy and Royal Marines Charity (Submarine Family Fund) The Ulysses Trust 3,000 15,000 3.000 5,000 5,0(M) 10.O(x) 3,000 £44,000 Health and Welf*re Age Exchange AIDS Care Eduetttion and Training Alport UK Alzheimer's Support Appleton Thorn Village Hall Fund Assis( Shetrield Association for Post Natal Illn¢s5 2.000 2,000 1,000 3.000 500 2,500 3,000 28
The Dyers, Company Charitable Trust Notes to the accounts at 31&t Oclober 2026 14. Charitable grant5 and donations contld 31 Ocrob¢r 2025 Htalth and Welfare conud Aut15m Bedfordshire Bbkewell and Eyam Community Transport Balfron Pathways Bowel Cancer UK Canine Partner5 for Indep¢nd¢nc¢ Centre for Sustainable Healthcare Cheny Trees Childhood First Foundation (Institute of Integratrd Systemic Therdpy) Children's Heart Unit Fund Cleanup UK Cochlear Implanted Children's Support Group Crawl¢y Fri¢nd5 Housing Asso¢iation Cystic Fibrosis Trust DEBRA Dementia Support Disabled Sailors Association {Thomas Morley Trust) Evelina London Children's Charity (Guy's Hospital) Event Mobility Frensham Ponds Sailabiliry Hampshire & Isle of Wight Community Fund H05pice of Si Franci5 H05Pltality and Hope Huntingdon Disease Association Integraied Neurological Service5 Jessica Bethell Foundation Lalib¢la Trust Leuchie House Marlborough & Distri¢1 Link Scheme Motor Neurone Disease A550ci41ion Oakhaven Hospice Orchid Cancer Appeal Place211e PMH Bord¢TS Que¢n Mother's Clothing Guild Rev William Popillon's Charity RNLI Rob¢5 Proje¢t Romsey Young Carers Salisbury District Hospital Charitable Fund Sheffield Conversation Club Sick Children's Trust St Mungo's The Katherine Low Seiilement Battersea TThssell Trust War Child W¢ Can Make It- I(nowle W¢st CIC Xenia 1,000 1,300 1,500 2.000 5.000 2,500 5.000 5,000 2,500 1,000 2.000 3.000 3,000 1,000 3,000 1,000 2,000 2,000 4,000 5,000 3.000 5,000 1,000 2.000 2,500 5,000 5,000 1.000 5,000 1,000 0,000 2,000 5.000 3,000 3,000 5,000 3.000 2,500 1,000 1,000 3.000 10,000 3,000 30,000 5,000 3,000 1,000 £184,000 29
The Dyers, Company Charitable Trust Notes to the accounts at 31st October 2025 14. Charitable grants and donations contld 31 Oclober 2025 The Arts Artists, General B¢n¢vol¢nt Institution Ch¢15¢a Arts Club Trust Chelsea Opera Group Trust Fulham Palace TN51 Grange Festival Highland Society of London Huguenot Heritage King George V Fund for A¢iors & Actresses Musi¢ at Beaulieu Trust New Brewery Arts Centre Royal Overseas League Stroudwater Textile Trusi Watem)ill Theatre TTUSL Wollaton Hisiorical and Conservation Society Wymondham Heritag¢ Society 1,000 1.000 1,000 2,000 1.000 3,000 2,000 2,000 1,000 3,000 2,000 1.000 1.000 2,000 £24,000 Other Appe819 Bernvick Swan and Wildlife Trust Swan l.ifeline Swan Sgn¢tuary Swan Suprrt)rt 6,500 £15,500 The Dyers, Almshouse ChaTIty CIO £153,632 Total of Kr4lltJ and don4ti0rt8 made In the yelr Change In provlslon for future fvndlng ¢ommltments £28,400 Total direct charlthble expendltur¢ £1,028,400 Full details of the grant expendilure for the prior year are publicty available at.. hÉips.'//r¢gi51er-of-chttri¢ies.¢haritycommisJiongov.uklchorEty-Jearch/-/charity-delai15/289547/OccotS-ud- 30
The Dyers. Company Charitable Trust Notes to the accounts at 31°, October 2025 15. Future funding commitments The Trust ha5 given an undertaking to Norwich Sehool, which is not legally binding. and is subject to annual review. to help fmance a bursary schenje to pay one half of the fees of a numbEr of schoolchildren, with that grant to be matched by the School. Within its finan¢i81 year lh¢ Trust supported one pupil from Ch year group (years 7 to 13). Under the tem)s of the SORP for chariiies accountin& the Trus( has made a provision of £213,800 (2024.. £223,400) repsenting the liability to finance six pupils for the remainder of their School Careers (six years, five y¢ars. four years. three yeors. two years and one year. respectively). Of this. £61,100 15 due within one year. The TTUSt ha5 also given the following undertakings, whi¢h are noi legally binding and, where appropriate, are subject to annual review.. St Saviour's & St Olave's S¢hool. to assist students going on to university. A £12,0(Xl provision has en mad¢ (2024.. £12,000), of whi¢h £8,000 is due within one year, City, Univ¢r5ity of London, to a5SiSt in Student bursorie$. A £2,500 (2024.. £12,500) provision has been mad¢, £2,500 of which is due within one year. St Paul'5 Cathedral, to spon50r a chorister a5 part of the Girls, Voices programme. A £48,000 (2024.. £nil) provision has been made, of which £12,000 is due within one yeor. The totsl of all of these provisions expected to be made from ihe General Fund 15 £276,3CH) {2024- £247,900). 31
The Dyers, Company Charitable Tnt Notes to the accounts at 315t October 2025 16. Statement of financial activities- prior year For comparison purp05e5 the St8t¢Tnent of Financial Activities of the prior year is reproduced here in its entirety.. Expendable Endowment Fund Unrestricted General Fund Total 31 October 2024 Tothl 31 October 2023 Noies Intome: Tnvesimenr incomc 1,097,330 406 1,097,736 1,097,330 1,007,048 2.104,378 1,011,044 1,025,067 2,036.111 Donutions 1.006,642 1,006.642 Totsl i•¢om• ExpeDdlture.' Charitablc aciivitie5 4,5,14 938.052 72.551 1,010,603 938.052 72,551 1.010,603 827.865 67,309 895.174 Investsneni mana8¢ment ¢os¢s Total ¢xp¢ndlturt Net intome I lexpendlturtl before R•lh$ and Ioss•g Dn Investment8 1.006.642 87,133 1.093,775 1,140,937 Net ¥alnJ I IloJKsl on Investments 1,329,628 1,329.628 271,785 Net movement In fuThdJ for the year 2,336,270 87,133 2,423,403 1.412,722 Fund b414nees brought forwird 28,044,402 1,057.568 29,101,970 27,689,248 Fund bAl8Dces c#rrled forvArd 30,380,672 1,144,701 31,525,373 29,101,970 32