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 Advi￿13
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￿ appO￿ted 8ga Trusle8 on 1st 0¢to￿r 2024 and eleded 8s Chairman on 24th Oclob8r2024.
Mr Robert Metry.. appointed ag aT￿￿tee 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 hiS5eTv￿e Es A Chairfflan And Trustee on 241h OGtob81 2024.
Mr La￿anC8vIn8￿haII￿￿n coffl ￿et8 hi5 Se￿￿e as a Tru51e8, 8nd Treasureron 291h April 20Z6.
The Fund is adm￿￿1&￿ed by MIB Jdanla t￿84 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 beh￿f ol the WorshipfLA Ccmpany of Masons Man￿eMent of the Craft Fund'E inv￿lMentS is eXer￿Se￿ by Mr Maik
11 an 0(*¥￿￿ ¥rise$ whèn14al adv￿0 is ￿qu￿8￿. Ihis is sought on an adhw basis Rooks RKlor Solltyiots, Chalkner Ho￿. 19
c￿￿(enW￿l Close. Lor￿0￿. EC1R ORR The Tru31aBs djd not noBd 10 ÈÈAkI￿81 adV￿d￿lI￿ Ihe y
structure. Governance and Management
The Masons. Cornpany Craft Fbnd i4 constltutèd by Dèèd of Twsldaiéd gth May 19È5.
The ollginal T￿Sle9S were ￿pp￿￿ted by the Court of Assistants ol the Vvorshipfijl Company ol Mason5. Under present procgdurps
TruBiees appoint￿ll by th& Court will geN8 for a pèrk)d of five y&¥s, the optson ol further 2-year ￿TK￿S 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 kr￿￿9& 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 ban￿ng been ￿lI￿ja¢¢￿ by ertsuI￿9
that the Chairman of Ihe Fund. the TYts8iees and IhèAdmknlglratorcan all vièw Act￿nI 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 C1￿￿1&ble puipose t￿1 wl..
81 en¢wraoe thè exer¢k* and ma1n1a￿ standards oflhe ¢tsft ofsb￿MaSffiy
bl pres&￿9 Bnd Improvo craft ol stongma8onry
¢1 fo$ler, promote in¢rea¥e the inlertrsl of Ihts pull￿ in ihe craft of 5tonetna3￿￿y.
The Twstee$ 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 bu1U￿95 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 I￿k of lunding lo suppoil Ihp Iranirbg ol sloTb[￿a5on$. The Ctaft Fund Seeks lo gTheviaie thi4
prob￿M, Énd the Tru51ees Iherefore have M he9dlaiion In sssèrtsrvJ that ptsbllc bènèfil trom Its aJivitvèS
The T[ust8￿ funciion under operati￿al Guidaines wh￿h are rev￿ed anwalty. most on 31 Jthy 2024. when a nthy EquBlily.
Diversity 8nd Inclusivwess IEDII ptslity was Ineorpor?led. held fgvf limes p year, ?nd Trustees coDsutt informally as oflen
a5 necessary. If required. additional extraordinary meelings rnBy be held.. for InstBnce. in earty July eAch year gn ddditional mèeting 1$
htrld to ￿duct an ￿11[￿1 Sss8sstnenl of granl applicaiion5 for Ihe forthcorn￿g acthmK yeai. The Trustees disch2rge iheir dulles by
monitorlng the fund's inves￿ent porifDlio ort& èvèiy qtsartèr 2nd arranyiw ftyr IhÈ Inufftè $riging ID ￿ sp8DI pritnafily on sporh￿ing
e iraining of 51onem850ns The Trustees Blso make thnabons lo eS￿NIshmentS 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 M￿lt￿e￿ by way of¥n aMu81 tsudget 8nd Indfvidval p8wnts ara 8pprov¢d by thp T￿￿¢$.
Achlevements and Pertormance
rlng t￿Y￿arthe Craft Fund ￿tInu•d 10 ¥LVPOrt $1ud8nts al Bul￿1￿9 Crdfts College IBCCI. City & Guldsof LO￿0￿ Art8 School ICGLASI. al
Moullon and 8alh Con￿e5. &[[n￿ghoM City University. 33 granlswere award￿ and 18kon up in FN 20211125 (22 ￿ 20L123}. Oflhe9e 29 Were
awgrdèd lo students legming lh8 uaft, 4 ￿ gr9duaie18arn￿￿. All iolhè ol e 58.073 IE 38.133 In 2D23f241
In the currenl finanoal yeai120251261 lo date, 26 grants have been aprmved Thrs represenis a srgnifirAnl decrease iThIhe4p3re￿ numberol
S￿dents awaye ofltrÈ Masons Crnft Fund IIE gran1$ wh￿h Tru$lBe$ Èward." I￿re 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#l￿n, Tw$tse$ as¢￿$￿ aiihèir
on 31 July 25 not lo ￿Crease ihe value of gfgn15 awarded forthe academicyeBr 2025128.
Fundswprp ol$g prowdod ID ￿lI￿ge3 forptizes. Wh￿hV￿re enhanced by outs￿? swnsotship The CTrft Fund al$D made grpnts of
£2.500 each io B￿lding Crafts Cdlege and City & Guilds ol London Arts Schml for St￿ent Support Two bursary aw¥ds were rn8de
the E[￿ brod(e5 FuDd, and hvo frorn Ihe Sydney Mason Fund
An 8ccru81 is mad& in accounls at each year end lo eobEr any unp8hJ tr￿nIff￿ lor Ihe C￿￿0￿1 academ￿ yeai for which th8 Fund has
mad8 a u)Tnmitrnenl.11 Shou￿ be noted that a a)mTnitmenl is made lo a sltmlenl lor on5y on8 yeBr at a bmtr. *v$n Ihowh th$ cours¥ msy
bts for MO￿ Ihan y¢#r. The sludem wWi¢$ e$¢h yt8r f¢r a goni 1$ to proV￿e ewcknce from hL4 or her tutor of
satisfactory performance wthn reanilying.
Pag84

Flnancial Rovigwlor the Year 2024r25
Itweslmeni and rent4 income forthe yearwa$£ 67.6871£64,9601 compnsing rwenue trqm thè fund's Inveslmenl porttolros. Induditp the Sydney
Mason and E[￿ brookes tunds and renly from Greenlaw Court.
(Xhw inCQmèwagES6.287 {£24.6861￿MprL£ed maiDty ofdOnal￿n$ Livery C￿npanY tnBmbet5 uitt akl recovetable wdl as the
longstar￿ing Dtfsel arrangemenlwlh City Gvild¥ Loroon Arts Sch(hS.
Total income was E123.9141£99,64818nd loigl resoure£s oxpendeilw¢ro e117.OD21£99.6311 reSu￿n￿ 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￿ maiDrtie￿1ng ttlltg$$. arKI ol￿rappI0P[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 c￿tinUe to skthYtsw¢essoverthe coming ￿rts ￿ lh8 ait8inmenl of IIB aitll5 objg¢Jj￿S.
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 prO￿d￿re8 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 reQui￿rnents".
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 regul￿MentS 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
we￿￿oUth 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 fO￿ard
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 fO￿partO￿t￿e8efina￿AalSta1aM6Jj1&
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 slalemet*s have been wepared urKler the historical co31 conveniion. I￿1h 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 s1atsrn￿nt
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 he*Jlngs tw have been aiiocatd lo
acbvibes on a basis consistenl with the use of resol￿5.
Grants affered subject lo cor￿1￿0￿5 ￿￿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$ ¢harita￿e activ11￿s.
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 (G￿n1>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. exper￿eS 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&Iaten￿￿ts
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 finan￿8{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¢￿e￿ast￿l Insurance offi￿ 8.625Qts Non-cum IRRD PRF GBP.
IS,￿0 Lloyds 8anklng Gr￿p 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 thesnotr0rmpartofthestathryfyw￿￿glstsIQffloDts
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 fO￿ard
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%
ScO￿lSH 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 aCcU￿d 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