REGISTERED CHARITY NUMBER.. 292070 ( v )7 Report of the Trustees and Financial Ststements for the Year Ended 31st March 2025 for The Masons. Company Craft Fund Grenfell Jame3 Associates Limited 13 The Courtyard Timothys Bridge Road stratford Upon Avon Warwickshire CV37 9NP
The Masons. Company Craft Fund Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Tiuslees 3to5 Independent Examiners Report Staternent of Financial Aclivilies Statement of Finanaal Positions Notes to the Financial Statements 91015
The Masons. ¢ornpany ¢raft FunLI ¢haTrman Report forthe Year Ended 31 March 2025 THE WORSHIPFUL COMPANY OF MASONS THE MASONS COMPANY CRAFT FtJND Trustggs. Annual R9 ortforth9 9wr 8ndèd 31&t March 2025 Relerence and Administration Details of the Charlty. its Tru5tee3 and Advi13 The Nla50rbs' Company CrBft Fund 15 a registered chBrrty. No.292070. The tharity forms part of Ihe CQfPDralé gltudurÈ ol Wor8hlpthJ Company of MBsons of lh£ City of London, one ol the City's Livety Comwfjigs. Tho TruatÈès on tha da ol approvd of Ihs ieptyn Ylsre MrM8thn FO appOted 8ga Trusle8 on 1st 0¢tor 2024 and eleded 8s Chairman on 24th Oclob8r2024. Mr Robert Metry.. appointed ag aTtee on 28th July 2023 and 8s Depuiy Chalrman from 111h July 2025. MrAIAn Kraven. appoinled as a TFV51ee on 151h June 2024. Mr Russell Taylor. appoimled Bsa Tru51ee on 23rd JBnwJ 2025. Mr Nith188 Hammond.. gpry>inl8d Rs 8 Trv31ee and Treasurer on 29th April 2025. MrAdriaTr Munns Gompleied hiS5eTve Es A Chairfflan And Trustee on 241h OGtob81 2024. Mr LaanC8vIn8haIIn coffl et8 hi5 See as a Tru51e8, 8nd Treasureron 291h April 20Z6. The Fund is adm1&ed by MIB Jdanla t84 Administrator of th8 Wotshpful Company of Masor, and thts In¢lude$ the m8lnlwAn¢e of the Crsft Fund's books of t¢unt. The slockbrokeax lo the 8re J M Flnn & Co Ltd al 2S Coplh&ll Avenu< Lonthn EC2R 7AH. The Company &Lso rnanag8 inve51ments on behf ol the WorshipfLA Ccmpany of Masons ManeMent of the Craft Fund'E invlMentS is eXerSe by Mr Maik 11 an 0(¥ ¥rise$ whèn14al adv0 is qu8. Ihis is sought on an adhw basis Rooks RKlor Solltyiots, Chalkner Ho. 19 c(enWl Close. Lor0. EC1R ORR The Tru31aBs djd not noBd 10 ÈÈAkI81 adVdlI Ihe y structure. Governance and Management The Masons. Cornpany Craft Fbnd i4 constltutèd by Dèèd of Twsldaiéd gth May 19È5. The ollginal TSle9S were ppted by the Court of Assistants ol the Vvorshipfijl Company ol Mason5. Under present procgdurps TruBiees appointll by th& Court will geN8 for a pèrk)d of five y&¥s, the optson ol further 2-year TKS If the Court Bgrg26 wlh Euch a r*offtmendation from Tfu6tee5. Tru$iees a¢knowledy& th• import¥n¢¥ of trn$urlng thai ihey have 6ufficlenl kr9& to carry out th$ir dulks. ana recelve appropr18te trainino new devolopmwls relèvsnl b IkÈir rde. a$ Iru31ee& New Ttystees $re required to slyn a Oedaraknon ol Eli9ibilty. They are asked to study the Charity Commis8ion's website and are encourAoed lo atte one ol the regular training events organisod by broker& JM Finn & ¢0 Ltd." Ihe mo31 such pvoDI held on 17 Novetnb8r 2022." the next evonl is for Navember 2024 11 is believed Ihal the Tiuslees a eompetent to carry Ihgr ro. ond Dew Tiu$l¢ps we provided %%ilh ielevanl InfotmalK>n aiwjul Ihe Tru51 as part of Ihgir 1[UGt). TheTNsIEes continue to monitorlhwr pxpo¥ure lo risk. Rth in ugng inleinel banng been lIja¢¢ by ertsuI9 that the Chairman of Ihe Fund. the TYts8iees and IhèAdmknlglratorcan all vièw ActnI ar brokei delails separalely al any tiffle. Paymenlsfrom Ihe fund are madè byon-llnè banking and require auihori$aliOn waratèly by twts TrLÉtge8 P8ge 3
Objectives andAclivilies lo the Public 8enefit Tha pmcipa object ol Ihecharly is io promote any C11&ble puipose t1 wl.. 81 en¢wraoe thè exer¢k and ma1n1a standards oflhe ¢tsft ofsbMaSffiy bl pres&9 Bnd Improvo craft ol stongma8onry ¢1 fo$ler, promote in¢rea¥e the inlertrsl of Ihts pull in ihe craft of 5tonetna3y. The Twstee$ S mindTul ol thB requiiement to that the charity has obiBciives that are applied lo puts1 benofil. Th8 cratt 01 stonemasonry Was 8 prominent Irade for ¢enlunp% prwJ very rnany gfihe UK'S mo51 hislotir bu1U95 arfr 111 ol slong. Th& public ha5 clear wis11 io pieserve swh bvildiws las witnessed by the strony wpular £nd media inlerest in thè buill herilagel £nd lo crÈaiÈ nÈw one5. blrt this 15 under ihreal through the Ik of lunding lo suppoil Ihp Iranirbg ol sloTb[a5on$. The Ctaft Fund Seeks lo gTheviaie thi4 probM, Énd the Tru51ees Iherefore have M he9dlaiion In sssèrtsrvJ that ptsbllc bènèfil trom Its aJivitvèS The T[ust8 funciion under operatial Guidaines whh are reved anwalty. most on 31 Jthy 2024. when a nthy EquBlily. Diversity 8nd Inclusivwess IEDII ptslity was Ineorpor?led. held fgvf limes p year, ?nd Trustees coDsutt informally as oflen a5 necessary. If required. additional extraordinary meelings rnBy be held.. for InstBnce. in earty July eAch year gn ddditional mèeting 1$ htrld to duct an 11[1 Sss8sstnenl of granl applicaiion5 for Ihe forthcorng acthmK yeai. The Trustees disch2rge iheir dulles by monitorlng the fund's invesent porifDlio ort& èvèiy qtsartèr 2nd arranyiw ftyr IhÈ Inufftè $riging ID sp8DI pritnafily on sporhing e iraining of 51onem850ns The Trustees Blso make thnabons lo eSNIshmentS where glurtenls 8rn gboul slonwnagonry and r$$iryalion. and whèie informalion abput slooomasonry is available and IhD craft is 9xhibi1 dgmonslraled lo IM publl ExpendllJie$ 8re conlroll>S and Mlte by way of¥n aMu81 tsudget 8nd Indfvidval p8wnts ara 8pprov¢d by thp T¢$. Achlevements and Pertormance rlng tYarthe Craft Fund tInu•d 10 ¥LVPOrt $1ud8nts al Bul19 Crdfts College IBCCI. City & Guldsof LO0 Art8 School ICGLASI. al Moullon and 8alh Cone5. &[[nghoM City University. 33 granlswere award and 18kon up in FN 20211125 (22 20L123}. Oflhe9e 29 Were awgrdèd lo students legming lh8 uaft, 4 gr9duaie18arn. All iolhè ol e 58.073 IE 38.133 In 2D23f241 In the currenl finanoal yeai120251261 lo date, 26 grants have been aprmved Thrs represenis a srgnifirAnl decrease iThIhe4p3re numberol Sdents awaye ofltrÈ Masons Crnft Fund IIE gran1$ whh Tru$lBe$ Èward." Ire Kx ÈL%0 adecreaSB IkA$ye$rh siuthts undertaking o)nlinuolion Ifainjllg. Notiog Ihg slgDth¢anl rise ID graDI aFyliralion$ ovTrr Ihg ptPViOUs year, tho r9ducgJ IBv•l ol naiH)nal fi#ln, Tw$tse$ as¢$ aiihèir on 31 July 25 not lo Crease ihe value of gfgn15 awarded forthe academicyeBr 2025128. Fundswprp ol$g prowdod ID lIge3 forptizes. WhhVre enhanced by outs? swnsotship The CTrft Fund al$D made grpnts of £2.500 each io Blding Crafts Cdlege and City & Guilds ol London Arts Schml for Stent Support Two bursary aw¥ds were rn8de the E[ brod(e5 FuDd, and hvo frorn Ihe Sydney Mason Fund An 8ccru81 is mad& in accounls at each year end lo eobEr any unp8hJ trnIff lor Ihe C01 academ yeai for which th8 Fund has mad8 a u)Tnmitrnenl.11 Shou be noted that a a)mTnitmenl is made lo a sltmlenl lor on5y on8 yeBr at a bmtr. v$n Ihowh th$ cours¥ msy bts for MO Ihan y¢#r. The sludem wWi¢$ e$¢h yt8r f¢r a goni 1$ to proVe ewcknce from hL4 or her tutor of satisfactory performance wthn reanilying. Pag84
Flnancial Rovigwlor the Year 2024r25 Itweslmeni and rent4 income forthe yearwa$£ 67.6871£64,9601 compnsing rwenue trqm thè fund's Inveslmenl porttolros. Induditp the Sydney Mason and E[ brookes tunds and renly from Greenlaw Court. (Xhw inCQmèwagES6.287 {£24.6861MprL£ed maiDty ofdOnaln$ Livery CnpanY tnBmbet5 uitt akl recovetable wdl as the longstaring Dtfsel arrangemenlwlh City Gvild¥ Loroon Arts Sch(hS. Total income was E123.9141£99,64818nd loigl resoure£s oxpendeilw¢ro e117.OD21£99.6311 reSun in fiel Incarning resouices of £6,972 (£151. Lxpenditures irt¢lUd £10,8201£10.1951 for thpfund managèr's feeswhith vBry rylh the invèabmenl PDrtfolio's perfornance anJf14.008 1£14.1751 In administrati( CQSts Faid ID thè Masons, Company The fund's ifivesimefil Portfolio is rnanaged on a iotal reiuffl basis. L(wes Inveslrnenls durngthe Ye¥We £,286 (gain8 of£54.9751 8 dvÉYse market condi1)ns. As 0131 Mar 25 nel a55et$of tho kwdswere £1,643.098 {£1.6U9,rt121 which induded &h in hand of £103.8561£82.6681. Plans for th• Futu ThgTru31ee$will ¢OMinve lo lials&wi maiDrtie1ng ttlltg$$. arKI olrappI0P[pate 10 &r)UrAge irKrea5e in appltytH)n4 for grantsio sUPPOrt thetraining ol slonemason$ in the UK The Tru5tses firmty bdieve Ihal the Furd win ctinUe to skthYtsw¢essoverthe coming rts lh8 ait8inmenl of IIB aitll5 objg¢JjS. OD behalf of thb Trugtees artin F Chainn 11 Noverniw2025 Psps
The Masons. Company Craft Fund Independent Report forthe Year Ended 31 March 2025 THE WORSHIPFUL COMPANY OF MASONS THEM SONS. COMPANY CRAFT FUN Ind&pendent Examlneys reportto the TrustÉe5 ofthe Masons. Company Crdft Fund Ithe Fund) We report on the accounts of the Fund f(K the year ended 315t March 2025, which are set out pages 210 6. Respectlvè Re5ponsibiliti8s of Trustees and Examln8rs The Fund's trustees are responsible for the preparation of the accounts. The Gharity's Iruslees considerthai an audit is not required for this year under section 144121 of the Charities Aet2011 (the 2011 Adl and that an independonl examination is needed. examine the accounts undersedion 145 of the 2011 Act.. to follow the prOdre8 laid down In the gener81 DirÈclions given bythe Charity Commission vndersection 1451Sllbl of the 2011 Act, 3nd to state whetherparticularmatters have come to our8ttenb"Dn. Basls of Independent ExamlnÈrs report Our examination was carried out in accordance the General Direction8 given by the Charity Commi8sionors. An examination includes a review of the accounting record5 kept by the Fund 8nd a cotnpari50n of the accounts present with those record5. It also includes ¢onsKleration of any unusJ81 itern5 or disclosures in the accounts. and seeking explanations from you os trustees concerning any SUGh matters. Thè procedures undertaken do not provlde all the evidence that would be required in an audit and, consequenrfy, no opinion is given as to whetherthe accounts present a 'true and fair VIÈW and th report is limited to those matters sel out in next statement. Independent Examiner5 Statement In connection with ourexamination, no matterhas tome to our attention.. 111 which gives us reasonable cause to believe thai In any material respect the reQuirnents". lo keep accounting records in accord8nce with Section 130 of the 2011 Act,. and to prepare accounts which accord wilh th8 accounling records and comply with the a¢counting regulMentS ef the 2011 Act have not been mel,. or 121 lo which, in our opinlon. attention should be drawn in order to en8bl8 a proper un(Jerstanding of the accounts to be athed. B P Woodward F 2 Firs Close Blodington OKon OX7 6UA DLRees Thakes 33 The Street Manuden CM23 IDF Dats.. |,.Iz Pago 6
Th• Masons, Company Cralt Fund Statement al Flnanclal Actlvllles forthe Year Ended 31 March 2a2S Sydney Mason Fund Erlc 2025 Totsl FyndB 2024 Total Funds Maln Fund Fund Noles INCOMING RESOURCES Incomlng r¢8ources froffl gengratgd funds Inve51menl ificome Other income 61.457 2.985 3,245 67,887 56,287 64,960 94.686 Totsl Incomlng resourcej 117,744 2,9B5 3,246 123,974 99.646 RESOLIRCES EXPEPIDED Donatlons Granis & Small Don3IDns City& Gullds London Arts School- Annual Grant City& Guilds ol London Insb-lule- JV ProieGt Sydney Mason Fund- Gra Olher Prizes and Award5 Building Crafts Colle9è- Amual Grant Masler thtsmell Awards Eiic Brookes Buisary 10,790 2.500 10,OIX) 10.790 2.500 10,000 2.500 1.743 2.500 1.320 2,750 11.494 2.500 10.000 s.000 2.884 2.500 2,500 1.743 2.5 1,320 2.750 2,750 Total OonaiiM8 28,853 2,500 2.750 34.103 37.128 st Building Crafts Collaga weoUth College Moulltsn Bath Sludgnl Grants C&GLAS City & Guilds ofLondon Art Sthool Caiftdr81 Worshop FellowEhp 21.333 21.333 12.633 2,800 5.940 2,800 5.940 5.600 3.650 22.QOO 23.000 5.000 11,250 5.000 Total Grgnts 58.073 58.073 38,133 Other Fund Managers Faas Admlnistraiion & offi expenses 10.820 13.946 10,820 14,006 10,195 14,175 Total resources expended 111,692 2.560 2,750 117,002 89.631 NET INCOMING RESOURCES 6.OS2 425 4gS 6,972 Other recaonlsed gains Il1088esl ins l {lossesl on Inve51m8nl a$58ts Net movement In funds 6,052 425 496 8,972 15 Total funds brought fOard TOTAL FUNDS CARRIED FORWARD 6.052 425 495 6,972 15 TOTAL FUNDS BROUGHT FORWARD 1,523,129 80,772 85,511 1,689.412 1,694.422 Gaillsl Ilossesl on invesltnenl assets 151,5591 18421 18851 153.2861 54,975 TOTAL FUNDS CARRIED FORWARD 1,477,622 80,355 85,121 1,843,098 1,6e9,412 P8ge 7
The Masons. Company Craft Fund Balan¢tr Sheèt ror th• Year End8d 31 March 2025 Sydnèy Mason Fund Eri¢ Brookes Fund 2025 Tatal Funds 2024 Total Fund8 Main Fund Notes FIXED ASSETS In¥eslmenls 1,433,046 78.478 82,493 1,S94,017 1,640,669 CURRENT ASSETS Oebiors Prepayments & acctued inGome Cash 01 bank 4,528 7,942 93,300 700 7.942 103,856 12,748 82,669 100.928 3,677 4,377 6.879 105,770 6,879 117,026 CREDITORS Atnounls falling due wthin one ye81 161.1941 12.5001 14.2501 167,9441 152,1851 NET CURRENT ASSETS 44,576 1.877 2.629 49,082 48,743 TOTAL ASSETS LESS CURRENT UABILITIE& 1,477,622 80.3S5 85,121 1,643,098 1,689.412 NET ASSETS 1.477.622 80,355 85,12q ,643,098 1.689.412 FVNDS Unrestricted lund$ Restricted funos 1,477,622 165476 1.523.129 166 283 1.643,098 1,689.442 The financial slalemenls wtre approved by the Board ol Trustees on................................... . and We signed on Trustee Twslee Tiustety Trus Th$ o0tsS fOpartOte8efinaAalSta1aM6Jj1& Page 8
The Masons. Company Craft Fund Notas to thg Flllanclal Statements fortho Year Ended 31 Alarch 2025 I ACCOUP4TING POLICIES Accountlno conventlon Tl fin8nciBI slalemets have been wepared urKler the historical co31 conveniion. I1h the excepb'on of Inveslmenis vknith are incknded al market value. as modified by the revaluaboll of certain assels and in accordance wlh the Flnanaal Reporting Standard 102'The Finanaal Reportin9 Standard applicable in the UK arKJ Reputlic of Irelanrt, induding Ihe promsions of Section 1A'Sm811 Enlilies" ihe Chanbes A¢1 2011 and the rnquirefflellls of Ihe s1atsrnnt of Recommended Practi. Accounting and Reporbw by Charities. Incoming resources I Incorning resoL¥8 induded on tt)e sialemenl of Financ1al Actiwffie5 then the diarfty Is legally enlilkd lo the kn¢e and Ihe amothi can be qu8nlified wih reasonabk accuracy. Ra80ur¢•s expended Expendilurels 8CCOWted an aecruals basis and has been classified under headiiws Ih8t aggregate 811 cost relat to the category. Where toÈis cannot be directly 8ttfjbuled to particdar heJlngs tw have been aiiocatd lo acbvibes on a basis consistenl with the use of resol5. Grants affered subject lo cor105 1c have not been mel ai the yearend dale are noted as a commitment not a¢tARd ag expendilure. Taxatlo Th8 charity is exempl frorn 1oxon11$ ¢haritae activ11s. Fund atcountln UnEstricted can be used In attorOan¢e Ihe charilatle objects'ves al Ihe discretion ofihe trustees. Re¥trieiéd funds can ordy ba u8ed for particul8r reslrtcled purposes wlliln Ihe objec15 of ihe charity. Reslrictlons 8rfse when specified by Ihe donor orythen funds are r818ed for particular ostri¢t pwoses. Furtherewanaoon nature and purpose of ea¢h fund Is included In the notes lo IIE financial 8ia18ments. 2 INVESTMENT INCOME 2076 2024 Rents recdve(J (Gn1>W Court) Investment income IMalnlS5neyEricl Deposll acc(xJnl Interest 18,368 47,903 17,100 46,744 67,687 64,960 a TRUSTEES, REMUNERATION AND BENEFITS There no trustees, remuneration orolherbenefts for the year ended 31st Marth 2(k5 norfer the year ended 31: Trnsteès. oxpénsas There re llo Iruslees. expereS pald fortheyear ded 31st March 2024 nor for1 year ended 3151 Mard12026 4 OTHER INCOME 2025 2024 Donalions 56.287 34.686 56,287 34,686 Thanoresknpartofthese financial&Iatents Page 9
The Masons. CoTT]pany Craft Fund Notes to thè Financial Ststements for the Year Ended 31 March 2025 S FIXED ASSET INVESTMENTS Main Fund Sydnéy Mason Eric Brookes Fund Fund TOTAL 2025 TOTAL 2024 PORTFOLIO VALUATION 8ook Cost Revaluations 1.480,697 147.6511 79,320 18421 83,378 18851 1,643,395 149,3781 1,579.812 60,857 Market Value 1,433.046 82,493 78,478 1,594,017 1,640,669 8 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors 5.228 5,511 5.228 5,511 7 CREDITORS- AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Yeoman Masc>ns Fund A¢crual8 460 67,484 520 51,665 67,944 52,185 The nol8s formpartoflhese financial slalement5 Page 10
The Masons, Cornpany Craft Fund Notes to the Flnanclal Statetnents for the Ye3r Ended 31 March 2025 MOVÉMENT IN FUNDS Balance as at 0110412024 Net InGorning Galns I (Lossès) resources Investménts Balancé as at 311Q312025 Unrestrlcted funds M8in Fund 1.523,129 6,052 151,5591 1,477,622 Restricted funds Sydney Mason Fund EriG Brookes Fund 80,772 85,511 425 495 18421 18851 80,355 85,121 TOTAL FUNDS 1.689.412 6,972 IS3,2861 1,643,098 9 SYDNEY klASON FUND 2026 24)24 INCO•AE Inveskn8nl Income 2,985 2.536 2,985 2,536 EXPENDITURE student Giants & Omer Expens88 2,560 5,060 SURPLUS FOR THE YEAR 425 12.5241 10 ERIC BROOKES FUND 2025 2024 INCOME Investment Income 3,245 2,724 3,245 2,724 EXPENDITURÉ Student Grants & Other Expenses 2.750 2,750 SURPLUS FOR THE YEAR 495 26 rhe noles lonn partoffthese finan8{State{Renls Page11
10. WORSHIP COMPANY OF MASONS CRAFT FUND VESTM AT 31 MARCH 20 Market Value 31.OJ.2 COST Cmwd Iunrestrlctedl U* Gilts UNITEO KINGDOM TREASUR Y4.25% 0710612032 UNITED KINGDOM TREASURY 4.25% Q710312036 UNITED KINGDOM TREASURY 4.25% 0710912039 UNITED KINGDOM TREASURY 4.25% 0711212040 17.926 43,982 29.017 17.352 41,984 26.693 Bond Funds ts.06'A MI TWENf(FOUR DYNAMIC SOND GROSS I INC NAV JANUS HENDERSON FD ThAGMT LTD FIXED INTEREST MONTHLY I 37.089 39,52J 38.464 36,962 Prtltrr•nc• Shares 2.30 13.250 E¢eastl Insurance offi 8.625Qts Non-cum IRRD PRF GBP. IS,0 Lloyds 8anklng Grp 9.25'A Non-cum IRR PRF SHS 32,804 35.935 Bévola es 1.50 DIAGEO PLC ORD G8PO.28 1011108 14,082 15.310 637 Johnson matthey0 GBP 1.047619 BOUGHT 375 CRODA INTL ORO G8PO.1060 Commod$ WISDOMTREE METAL SECUR lEs ETFS PHYSICAL GOLD 34,661 38.034 mant 2,290 Halma Ord GBP 0.10 9,266 31230 Emar MaTkets Investmtsnts Fund 2.40% PACIFIC CAPITAL UCITS FUNDS PLC NORTH OF soufH EU ALL CAF 34,882 34,496 Financial SeTviGe8 1.92% LONDON STOCK EXCHANGE GROUP ORD GBPO.6918604 21,026 29.223 Gas Water & Mvtllutlllt19¥ 1.86% 2.310 Nolk)nal Grid Ord GBP 0.113953 23,743 30.114 InduJtii&l En in•e 280 Splrax-S3rco EngineÈring Ord GBP 0.269230769 20.811 17.304 INDUSTRIAL SUPPORT SERMCES 2.09% DIPLOMA PLC ORD GBPO.OS 11.439 31,922 Llfe In$uran¢¢ 1210 Prudenl&al Ord GBP 0.05 9,984 9,997 Sub Total ¢ath•d foyward.. 380 415 433 020 Thepage thesnotr0rmpartofthestathryfywglstsIQffloDts Paoo12
THE WORSHIPFULCOMPANY OF MASONS CRAFT FUND INVESTMENT PORTFOLIO T 31 MARCH 2025 Market Value 31.03.25 COST Maln Trust Fund Iunrestrictedl Sub Total brought forward 380.41S 433.020 Media 1, 180 RELX PLC GBPO.1444 14,0¢ 36.600 PERSONAL CARE DRUG & GROCER 725 Unilèver PIC Ord GBP 0.031131 ST 17.608 33,423 Phamaeeutleals & Blote¢hnolo 2.52% GSK PLC ORD G8PO.3125 29,312 28.436 Rèal Estate Investment Trusts 3.82% 5,090 Segro GBP 3.085 DERWENT LONDON ORD GBPO.OS 14,348 31.639 RETAILERS 1.48°1, WH SMITH PLC GBPO.2209 25,010 18,832 TRAVEL & LEISURE 1.54 INTERNATIONAL CONSOLIDATED AIRLINE QRD 22,122 33,591 NVESTMENT FUNDS 165QA MERCANTILE INVESTMENT TST PLCITHEI ORO 32,112 33.907 INDUSTRIAL MET ALS & MINING 1.78°A RIO TtNTO ORD GBPO.10 15,106 23.8 North America 23.44% 12,210 JP Morgan American Investment Trust Ord GBO.05 Ishares Core S & P500 Ucils ETF USD Inc INVESCO MARKETS111 PLC EQQQ NASDAQ-100 UCITS SSGA SPOR ETFS EUROPE I PLC SPDR S&P 400 US MID CAP UCITS 24,599 35,778 80.950 36,564 107,370 98.642 98,Cb4 32,478 Sub Total carrfed fornard 727 931 1 007 853 Th8 P8ge does nol fomipartolthe ststulory financialslalements P8g8 13
12. THE WORSHIPFUL COMPANY OF MASONS CRAYf FUND INVESTMENT PORTFOL OAT 1MA CH2 Mark8t Valu¢ 31.03.25 COST Main Tnjst Fund IUnrÈ$tri¢tedl BIF Sub Total brought fOard T27.931 1,007,853 Asia Ex Ja an 4.26% 18.330 Schroder Oriental Inci)me Fund Ord GBPO.01 HSBC ETFS PLC K4SCI PACIFIC EX JAPAN IG8PI STEWART INVESTORS ASIA PACIFIC LEADERS B INC GBP 24,953 37,988 25,337 23,846 an Investments Fund 130% PICTET JAPANESE EQUITY SELECTION I GBP 34.526 33.068 8.36 VANGUARD FUNDS PLC FTSEALLWORLD ETF INC NAV FUNDSMITH SUSTAINABLE EQUITY FUND SUSTAINABLE EQUITY INC 37.355 54,933 NVE TMENT F NDS 7.14% ScOlSH MORTGAGE INVTRUST ORD GBPO.05 IMPAX ENVIRONMENTAL MARKETS ORD SHS GBPO.10 13,154 24,958 ,849 21.14S Infra5tru¢turo 8.59% The Renewables Infrastructure GRP Ord NPV Foresight Solar Fund Ltd NPV 31 Infrastructure NPV 20,017 23,494 12,587 17,746 15,931 25,703 GRESHAM HOUSE ENERGY 29,682 14,592 SDCL ENERGY EFFICIENCY INC TST PLC ORD DIGITAL 9 INFRASTRUCTURE PLC ORO NPV Greencoat UK Wind PIC ORD G8P 0.01 22,834 22,068 3.40% 23. Fi¢ton Property Income Ltd 9,878 17,Q65 BOUGHT 180CK> HOME REIT PLC ORD GBPO.01 BJP5HK1 @ GBP 1-HOME REIT PLC ORD GBPO.01 11,830 Trits% Big 8ox Reit Pl Ord GBP 0.01 21,947 24,963 Euro e Investment Funds. 2.35% VANGUARD FUNDS PLC FTSE DEVELOPED EURP EX UKUCITS ETF I 34,919 33,710 1.432.046 CASH SEThLEMENT ACCOUNT CASH ON DEPOSIT INCOME ACCOUNT Totsl aCcUd interest 2,781 2.781 1,069.696 1,436,391 Tr6p8ge ¢Yoes rnl lomipartollhe slattslory Nn8nc181 slalements Page 14
THE WORSHIPFUL COMPANY OF MASONS THE MASONS COMPANY CRAFT FUND INVESTMENT PORTFOLIO AT 31 IIARCH 2025 Market Value 31.03.25 COST Sydney Mason Fund (Restricted) 68.881 Coleman Street Invs Inc Units 78,218 78.478 Market Value 31.03.25 COST Eric Brookes Fund (Restrictsd) 44,11$5 Goieman tstreet invs Inc vofttolio 84,111 Tho page do8$ not fgffjj part ollhè slalutory financial statemenls Page 15