2023-03-31-accounts - The Masons Company Craft Fund

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		Page
Report ofthe Trustees		1 to 3
Independent Examiners	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial Statements		7 to 9
Investments		10to 13

								Sydney	Sydney		Eric Brookes	2023	2022
							Main Fund	hlason	Fund		Fund	Total Funds	Total Funds
					Notes		5	2			f	5
INCOIIIING RESOURCES
Incoming resources from generated						funds
Investment income						2	60,402		2,312		2,729	65,443	63,571
Other income												37478	58 128
Total incoming	resources						97,879		2,312		2,729	102,920	121,699
Donations
Grants &Donations							9,679					9,679	8,833
Donations to City &Guilds London Arts						School	2,500					2,500	2,500
City &Guilds of	London	Institute		-JV	Project		10,000					10,000	10,000
Sydney Mason Fund													2,500
Other Prizes and Awards							1,943					1,943	7,148
Building Crafts College							2,500					2,500	2,500
Edic Brookes Bursary											1,500	1,500
Total Donations							28,622				1,500	28,122	33,481
Student Grants
Building Crafts College							11,750					11,750	19,050
Moulton							1,850					1,850	6,250
Bath							3,000					3,000	5,500
City &Guilds of	London	Art School					13,350					13,350	13,250
Cathedral Grants- Apprenticeships							7,800					7,800	9,000
Total Grants							37,750					37,750	53,050
Other
Admimstration expenses							13,221			72		13,293	12,501
Fund Manager's	Fees						10,756					10,756	13,092
Total resources	expended						88,349			72	1,500	89,921	112,124
NET INCOMING	RESOURCES						9,530		2,240		1,229	12,999	9,575
Net movement	in funds						9,530		2,240		1,229	12,999	9,575
TOTAL FUNDS	CARRIED FORWARD						9,530		2,240		1,229	12,999	9,575
TOTAL FUNDS	BROUGHT		FORWARD				1,690,697	84,153			92,372	1,867,222	1,792,774
Gains/(lasses)	on investment		assets				(231,928)	(4,419)			(9,452)	(245,799)	64,872
TOTAL FUNDS	CARRIED FORWARD						1,468,299	81,974			84,149	1,634,422	1,867,221

				Sydney	Eric Brookes	2023	2022
			Main Fund	Mason Fund	Fund	Total Funds	Total Funds
	Notes		2		2	5
FIXEDASSETS
Investments		5	1,425,913	77,998	81,989	1,585,900	1,802,954
CURRENT ASSETS
Debtors			952			952	120
Prepayments &accrued income Cash at bank			28,269 56,768	3,976	3,659	28,269 64,403	13,280 98,251
			85,989	3,976	3,659	93,624	111,651
CREDITORS
Amounts falling due within one year			(43,602)		(1,500)	(45,102)	(47,382)
NET CURRENT ASSETS			42,387	3,976	2,159	48,522	64,268
TOTAL ASSETS LESSCURRENT	LIABILITIES		1,468,300	81,974	84,148	1,634,422	1,867,222
NETASSETS			1,468,300	81,974	84,148	1,634,422	1,867,222
FUNDS
Unrestricted funds Restricted funds						1,468,299 166,123	1,690,697 176,524
						1,634,422	1,867,221

Restncted funds	can only be used for particular	can only be used for particular	restncted	purposes	within	within	the objects ofthe chafity. Restrictions arise	the objects ofthe chafity. Restrictions arise
when specified by the donor or when funds are			raised for	particular	restficted purposes.
Further explanation		ofthe nature and purpose	of each fund is included			in	the notes to the financial statements.
INVESTMENT INCOME
							2023	2022
								F.
Rents received							17,100	15,050
Investment income							48,004	48,513
Deposit account	interest						339	8
							65,443	63,571
Fund manager's	fees for the year ending 31 March 2023			total 610,756		(2022:613,082)
OTHER INCOME
							2023	2022
							6	6
Donations							37,478	40,017
Fundraising								3,111
Legacies (reshicted)
Legacies (unrestricted)								15,000
							37,478	58,128

	Main	Eric Brookes	Sydney Illlason	TOTAL	TOTAL
	Fund f	Fund f	Fund f	2023	2022 f
PORTFOLIO VALUATION
Book Cost	1,175,287	89,745	80,096	1,345,128	1,288,500
Revaluations	250,626	(7,756)	(2,098)	240,772	514,454
Market Value	1„425,913	81,989	77,998	1,585,900	'I,802,954

8	II/IOVEMENT IN FUNDS
		Balance	as at	Net Incoming	Balance	as at
		01/04/2022		resources	31/03/2023
		6		6
	Unrestricted funds
	Main Fund	1,690,697		(222,398)	1,468,299
	Restricted funds
	Sydney Mason Fund		84,451	(2,477)		81,974
	Eric Brookes Fund		92,073	(7,924)		84,149
	TOTAL FUNDS	1,867,221		(232,799)	1,634,422
9	SYDNEY MASON FUND
				2023	2022
				6	6
	INCOhllE
	Donation from Main Fund
	Bank Deposit Interest					1
	Investment Income			2,312		2,266
				2,312		2,267
	EXPENDITURE
	Student Grants 8 Other Expenses			72		2,696
	SURPLUS FOR THE YEAR			2,240		(329)

						INarket
						Value
					COST	31.03.23
Main Trust Fund	(Unrestricted)				8	f
390 Ml TWENTYFOUR DYNAMIC	BOND GROSS			I INC NAV	37,278	35,638
2,410ISHARES BOUGHT 2410ISHS GBP			IDX LKD GLT ETFGBPB1G!		50,001	34,878
41,400JANUS HENDERSON FD	MGMT UK LTD			FIXED INTEREST MOI'	39,523	37,045
Preference Shares 2.76%
25,760 Ecclesiastical Insurance Office 8.625% Non-Gum IRRD PRF GBP'					32,804	34,003
760 Diageo Ord GBP0.28935185					14,082	27,466
375CRQDA INTL QRD GBP0.1060					25,026	24,368
Electronic &Electrical E ui ment		343%
2,290 Helms Ord GBP 0.10					10,721	31,206
Financial Services 1.16%
360LONDON STOCK EXCHANGE		GROUP	QRD	GBP0.6918604	29,684	28,325
Gas Water &Mutliutilities 1.26%
2,310National Grid Ord GBP0.113953					19,402	25,329
Industrial En ineerin 2.02%
280Spires-Ssrco Engineering Ord	GBP0.269230769				20,811	33,194
Life Insurance
1,210 Prudential Qrd GBP0.05						13,334
			Suit Total carried forward:		289 297	324788

					Market
					Value
				COST	31.03.23
Main Trust Fund	(Unrestricted)			8	E
			Sub Total brought forward	289,297	324,786
1,180RELX PLC GBP0.1444 Industrial Metals &Minie 760 Rio Tinto Ord GBP0.10 ~/				17,490 18,011	30,892 33,964
725 Unilever Pic Ord GBP0.031111				17,608	30,378
Pharmaceuticals 8 Biotechnolo	1 38%
2,178Glaxosmithkline Ord GB0.25				32,824	31,124
Industrial Su ort Services 1.56%
1,240 Diploma Pic Ord GBP0.05				17,090	34,844
Real Estate Investment Trusts	252%
17,150MERCANTILE INVESTMENT	TST FLC(THE) ORD			36,788	34,386
700 Derwent London GBP0.05				22,696	16,506
4,580Segro GBP0.10				14,348	35,156
TRAVEL &LEISURE 1 61%
12,880 INTERNATIONAL CONSOLIDATED			AIRLINE ORD	22,122	19,446
~*"'"'"
12,210JP Morgan Amedican Investment		Trust Ord GB0.05		27,442	86,691
2,695 Ishares Core S 5 P500 Uuts ETF		USD Inc		41,831	88,490
			Sub Total carried forward	557547	~766683

				Market
				Value
			COST	31.03.23
Main Trust Fund (Unrestricted)
			B/F
		Sub Total brought forward	557,547	755,663
18,330Schroder Oriental Income Fund	Ord	GBP0.01	32,087	47,383
700 MORGAN STANLEY INVESTMENT FUNDS ASI			50,182	28,910
685 VANGUARD FTSEA/W ETF 87NLLH2		@GBP 64.909425	45,189	58,585
9,100 Soouish Mortgage Inv Trust Qrd	GBP	0.05	13,154	61,753
6050 IMPAX ENVIRONMENTAL MARKETS		QRD SHSGBP0.10	24,958	25,924
810GAM STAR FUND DISRUPTIVE GTH INSTITUTIONAL			34,131	38,249
37,450 FUNDSMITH SUSTAINABLE EQUITY FUND SUSTAINABLE EQUI			66,007	63,905
32,650 DIGITAL 9INFRASTRUCTURE	PLC	ORD NPV	33,024	19,949
26,650The Renewables Infrastructure	GRP	Ord NPV	32,039	33,259
33,150Foresight Solar Fund Ltd NPV			34,978	36,730
10,626 31 Infrastructure NPV			20,978	33,259
34,000TRIPLE POINT ENRGY EFF INFR BMCBZL04GBP 1			34,020	21,250
24,040 Greencoat UK Wind Pic ORD GBP0.01			26,790	37,695
22,800 GRESHAM HOUSE ENERGY			29,882	35,340
23,800 Plcton Property Income Ltd			9,878	16,493
17,640 Aberdeen Standard EURGBP0.1			17,660	12,048
17,750 CIVITAS			17,770	9,532
18,000 HOME REIT PLC ORD GBP 0.01			18,020	6,849
11,630Trttax Btg BoxReit Pl Ord GBP	0.01		11,995	16,270
ENERGY EFFICIENCY
28,600 SDCL ENERGY EFFICIENCY INC TST PLC ORD			35,007	24,024
~UK Tre eau
34,900UNITED KINGDOM TREASURY			30,193	31,842
			1,175,289	1,425,913
CASH
SETTLEMENTACCQUNT			0	0
CASH ON DEPOSIT			5,246	5,246
INCOMEACCOUNT			272	272
Total secured interest				249
			1,180,806	~4434,680

	THE WORSHIPFUL COMPANY OF IIIIASONS
	THE MASONS COIIIIPANY CRAFT FUND
	INVESTMENT PORTFOLIO AT 31 MARCH 2023
			Market
			Value
		COST	31.03.23
Sydney Mason Fund	(Restricted)	6	6
68,881 Coleman Street Invs Inc Units		80,096	77,998
			Market
			Value
		COST	31.03.23
Eric Brookes Fund	(Restricted)		8
as,tas coieman street mvs mc pornono		89,745	81,989