INDEXT
THE RNAN
ATEME
THEY
P•ge N
Tvustees Professionol Ath5ty5
2to6
ststement of FinarKial Actf¥i
8•lance Sheet
101017
Notes to accwnt

THEH
AND PR
NO
ENDED
Trustè•
D M Spofforth oeE th•lwman
M A Muirhead
J E Mccabe
Dr D J GiKhardi
G W Haine5 M8E
H G Dav*s
C R Freedman
Dwchttty
HDMosS
Appointed 2 February 2021
Appjlnted 2 FeE￿uary 2021
R•w8ned 2 Felyuary 2021
DKe•s•d 16 Oecernber 2020
K R Plnk•r
D Awlllhms
Secretrry to Tnbtees.
RKJW
ChaFty Number.
292204
IndeperKlent Examiner.
FCA
Haysmacintyfe LLP
10 ¢￿een Street PIKe
London
EC4A 1AG
Chaiity Addre
7 Seaton ROMI
Wiwon
Lwcestershi
LEI8 2BV
InvestmentAthi50r*
8 Finslyjry Circus
LOn￿n EC2M 7AZ
Char￿5 Stardry It Co Lld
55 Bi5h)p5gate
Lonthjn £C2N 3AS
PrilKi￿1 Banker.
C Hoare & Co.
37 Fleet Strtet
EC4P4LXI
Pai* I

THE HORNE
IHE YEIR
The TnJstee$ present th*lr report and the finamial statemefrts for the ￿arended 31 Oecember 2020.
The Hornerscharty Fund was set up by a Deed dated S Marth 1929. Varlous •mendments and
amalgamatlons have taken place sknte then and • kheme of Adminlstratlon and Uftltlw Dlrertlon under
S9q61 of the Charltie5 Act 1993 dated 10 (lttember 2(￿2 combir*d those arraNaernents and &o¥*rn the
Charlty today. All the fele*Ant TmstfuThJs are accounted for In these fina￿1•1 statements.
The Board of TrU￿ee$ Is drnwn Irom t￿ Worstr4pfvl Company of Horners aTh4 number5 ten 11￿1¥6dUJ￿. The
Chalrman Is appolnted by the Bo•rd. The Truslees have appointed a Secretsry to rnanage thè
admlnistr•tSon and there are M employees. The Board norrnal￿ meets three tirnè5 a year. and the Trust••$
wld• powers to deal wlth Investnvènts and to adrnlthrtht Trust a￿ts.
The work of •s$•ssl￿ th• d•m•nds upon th• th•rlty. •rd meeti￿ as m•ny of those demind5 as P055ibl•, Is
dele8attd by th• Trust•es to two Commlttees, ￿e to deal wlth educational mètters aThJ at￿r to deal
with other m•ttefS Ot a more Reneral qrant-makirq nature. The Trustees are veryqratefvl for the hard work
and commltfflent of those Cornmittees. wfthoui *lM>5e effort5 the Ch•illy woukl not be •$ Su￿t$s1u1 In
meellnRthe needs of beneficlalles.
As Trustees of a publk b•n•fvt entrty. th• Trust••s (￿Arni th•t h•¥e referred to and Corn￿1¢d the
Charlty Comm15s1on's ¢enei•l 8uld•nce on publlc benefft when revlewln8 the ChariVs actfvitle5 and settin8
the grant maklne polKy. They also recryn15e the possible impact of the chise reLition5hip with the Lfvtry
Company on thelr affalrs and have taken step5 to mltlgate any rlsk of undut Influ•rf• in ofdei to malntaln
the Inltyrtty aNI IndependeKe of the Chawlty.
Re£Nitinert•ThJ Trninlry ofTntst
The Trustees, r¢cw4tnxnt pollcy 15 to setk out appmpd•t* pefsons from 144embers of the Court of the
Worshipful Company ol HornEf5 brirq •n experien¢e in dealing in the areas of ￿(111 co￿ern and
education wlthln the plastlts industry, and of R¢i¥em•nce and irts*stment matter5.
The Trustees elect one ol thelr number to irt •$ Owlwm•n for a perlod of 3 yeafs. Truste￿ •r• appolnted
under th• ¢overnlw3theme for• perlod of S ye•r&
When new Twstees are èppolnted. they •re hMllkn￿ed tArfth the provlslons of the sthemes, the flnanclal
sts￿$ of the trusts. the rninutes of pre¥￿S and are tnC4yJrayd to attend appropriate trainln8
courses. t￿lIr￿ the course of this year, WO￿ has been undert•ken to formalise the"induction pacv and to
produce a Guide for zll Tm5tees compr0s1￿ informats.on about the Trust inchJdI￿ Its con5tllutional
documents and Tnjstee polxies.
Page 2

ThEH
THE TR
THE YEAR
The Twstees have eryued kn • programnle of rtsk to ensure prfndpally that the Invèstrnents In thelr care are
relevant for the wrposes of the trusts. A risk matrr< has Ewn de¥eloped and is reNiewed re8ularty to identify other
potenllal risks, such as loss of reputstK>n and safeguardin8 risks. The Twustees akn have evaluated the recipients of the
grants to ensure proper usage. but #eneral￿ feel that the risk envyowwnent for thelr work 6$ hjw compared to many
other Charit￿S. Whi￿ r*ver alk¢wirethemsel¥esto Èecome corn￿•(ent.
(XJEcnvES AND ACTMTIES
The obiectNes of the Trusts and restFktKM￿0n their us• are as follo￿.
Th• Htyn•rs In •tcordart• wlth the 1929 trust de•d th• umxwnded don•tlons r•c•fv•d prknr to
1984 ar* hèhj on ptmianent endowm•nt. D￿￿110￿$ arAI lepcl•s receW ￿nce 1984 are held for ¢enernl charitsble
purposes, wrth partlcuL•r emph•Ys on 8rnnts to sm•ll charities supportiry educatlcffi. thildren. dlsadvantaged people
and the homelem in and •round the of L￿d0ft, charff¢ies proposed by rnembers of the Company, the Lord Mayor's
Charlty arrtl a partiojlar chosen C￿r￿*¥h year.
Edutlllon FUNI - Th• fvnd b expendable prlWly. lyjt Th)1 exdUS￿￿. f¢y edUCa￿onal purpjses espedally
lence eduution In xhools.
Tht)mu O•rfEe tharlty - The funds are expendalde to ￿ applltd In Khobafshlps arKI other charltable
purpjses. with special ernphasis on the bllnd.
The Plastlu Indi4try Edu¢•llon FWKI - Th• funds are exp•ndabl• and •r• for the proThy)tSon of •duc•tlon relat•d
to the pla5t¢cs industry.
Georye Be(k¢r Stholar*- The lunds eX￿nd*b￿ to bt appll•d In Wo¥￿1￿ scknl•nhlps In cert•ln Crty of Lundon
educatlonal institution5.
The A E Lawrence Vlll Fund - Thls twuest Is held ￿ Pemwnent EndowmenL •rKI Ir*come Is to be utlhsed lor
book prlles and bur5arie5 in ltyJr Cty of London educatlon•l Instituuons.
F Oxlrrf - Thb beycy b held for the benefit of ￿j15?￿S In schools, for advanCeTh￿Trt of xlence
•duc•iion.
The Charity is closely associated with the Worshlplul Comp•ny of Horners Ind vlrtualty all of tts dgnatlon income Is
reteived dl¥ectly ￿ Indlredty from wesent and past members of the Company, rts endOw￿nt havlre been fvnded bv
ffts and lè8aclts from C4)mpany members. The Comparfs exlsterKe ts predKated on iNlng somethlng back to soC￿ty.
and th• Charfjty serves as the ¥ehlde through which much of mèmberf finèntial assistance, volunteer help arld
experlence can be focussed and dlreckd In this re4Jert.
As explalned abo*, the Tfustees wndurt their aLli¥llle5 ￿ Means of two separate Committee5 of the Twstees. a
General charrtabk Commlttee whlth recornff*nds the charit3bJe 8Tants to be made and administers School scholarships
and I￿r$alle% and an Educalk￿?1 tharity Committee whKh develops 3Th4 funds science related educational projects.
This Indudes encouragi￿ chtklren in prirnary and secoThJary schl￿$ to Study STEM subjects. apprenticeship awards In
the polymer Industry, and the development of ex￿1￿￿* IA design and techMkey U￿n9 Potymers.
Pale 3

THE HI￿NE￿5
RT THE TRUSfEE5
cc*mNUED
Th£ YEAR
NDED
The Trustees ère ￿tIsfied thai duri￿ the coutse of thE ￿•1. from the fvnds bel￿ y￿rated, that they ha¥e been
able to meet the alms ol the settlors and donors as lar as p0ssfjb￿ wth the ￿$trIcked resources available. The stated
•lm for Trustees Is to spend In the fomi of ¢ranty awards, Iwrsarles and stholarshlp5 as ff￿ch of the fvnd$
av•ilablÈ to thern cornmensurate wlth Malntsinl￿ a sustaihable, temi Charity. Howebyr In the Ileht of the
exceptlonal drcurnstances of the Co¥hJ.19 pandenyc, t￿ Trustees decided to fflake a one-off donatlon of É50,IXWJ
from funds rede￿gnated from the Educath)n fvnd and dfvlded equalty behveen the London Communlty Response
Fund and the Nath)nil Emeryenc*s Trust CovI4-19 Appeal. The anaty￿s of Grnnts Is shown Sn note$ 2 and 4 of thls
report.
Fln•nd•l Reblew
During 2020. the Trustees aye able to ftFOrt that Income on the "Generaf frjnd avallable on an unrestdrted b•sls was
£ 79.60312019.. E61,9991, Ind charltaW* donations were £ 74.566 f2019.. £65.1541. Each year the current Master
ch￿se$ a des*nated th•r￿.ThiS year It SerkMJ5 TwusL a tharfty that runs prolects to ensure that everyone can
grow throurfh musk and musk m•kirq. £30.527 of the total amtyJnt donated In the year went to tN5 charlty. For the
"Edu¢atlon' Furnl, reported as Deslqnated Funds the siatement of Fln•nc6al Actfvlt*s. Income was £43.79812019..
£S9,948J. ai•lnst Rrants of £104.67612019.. £49.686J.
In addltlon to these fvnds over whlch the Trustees exerdse thelr d&(retlon. the Ch•dty holds certaln funds where tho
F*Jrposes lo whkh the rrthey can be dlretted Is subject to a rtstrlctkn by donor. tho w15hed to dktate how the
fvnds were spent. These fuThJ5 may be er(￿r edu¢atkni•l or ￿t depender¢t on the donorf5 wishes. Thls year the
r¢estfkted Funds Income was £30,121 {201* E34.gJ8J. •nd th•rtsble dgn•tlons were £58,52912019.' £44.257J.
In overall terms. totsl Income of £153,522 les$ 4f•nts of £237.771 and tosts of £26,582 r•sulted In • deflctt of
£110,832 before a h)5S On the capltal *•hJe of tyjr Investments of £56,934 res￿￿￿￿ in an o¥ernll ￿d￿CtIOn In funds of
£167,825.
The A E La¥ffence bequtst c4nt•lned • restrKlknn on the Spend1￿ of ca￿￿1, Ind w ts treld •$ • "Perrnanent
Endowment". year the Trustee5 disthlwted £ 40.677 1201*. £ 30.0501 In &JI￿rIeS aThJ book priies. Th
expendlture ts Inchjded *tthin the Restrkted Funds rewted abo¥t.
L955es rnad* on Investments In the year of f56.9Y4 12019.. E 366.￿7 Golnj. The Trustees do r￿judge thls short
term fall in the Stock Market. primarity caused by the pandem& to be • factor impacting on their grant makin8 ability,
nce ￿ Is not the Intentlon In the case of the majorlty of funds to spend In%*sted capital. and it ￿ the income which 1$
ut1115ed to promotè the alms of the drfferent lund5. Th? knpact of the Coronavfirus has adversety affected In¥e$tment
Ir*ome atTrd reduced the portfolio ¥a￿t in the Short temi, bul the loThaer term ¥iew remarn5 more stable.

THE
REP(MIT OFTHE TRUSTEES
ND
THEY
As the charity is essential￿ one that does not enter Into low term c(ffimitff*nts or projects. the Trustees do not
consider the ￿ed to hold 5*nfficant cash reser¥es. The Trustees rec(ytse that dorw)rs to our Char￿V fvnds
believe In the I0￿e¥lty of Livery Companies Rtner•lty Jnd t￿￿T r¢putstion for phllanthropy. and wlthout
restrKting in any way th• abillty of TDJstees to access capitsl, there 15 a 8enefal acuptarKe that capital #rowth
shoukl be rttaln•d In rts•rv•s, •llowlr4 the Income to be used for 8ood cause5. There ts no nèèd to conserve
I￿ome for a fvjture project, nor do Twstees ¥rrish to deplete the assets. thus redutin8 the abllty of fvture
8•n•ratlons to help those In r￿d. In th15 way the Trustees beliew tlxy are muknIsl￿d15trlbUtab1e irants whlle
ensurin£ the loThg-terni sustainabilityof the Chority.
Trustees h•ve whle wwers of In¥estrr*rf. arml ha¥e dtddtd to delewe the man•£ement of thelr
Inwstments to two Inveslment managers. The rnan4ement of the semrnllty of the funds h•$ been h•nded to
R•thbones, whose perforrnance Is rrthrtored quarter￿. •galnst benchmarks set by the Trustees. The A E
Lawrence Bequest has been placed with Charles S￿￿eV for min•4tment. Jnd 4mlIar￿ their performance Is
repgrted quarter￿ and rnonliored a￿1n$t be￿hMa￿ set ￿ the Tr¢Jstees. There are no ethkal or other
constralnts In geknlrethe Investments m•d•. apart from duWes knkl down by the TN5tèe Acl 2LKrfI.
The Trust•e$ conskler the perfornwnce of th• Charws Inwèstments for the year. tsklr¥ Into •ccounl the effects
of the p4ndemlc,to be yllsf4rt9ry.
Futuft PI•M
The Trurtees have no s*nlfkant plans to divtrt from ihelr ojrrent stratey. Matters ccffisklered at Board
meetln£s durir4 the year inchjded the Ch•iity'S response to the Crisls in cornrnunlty needs coused by the
pandernic.continuiry8 to reviEw the ￿¥t1￿•r￿e •rd risk rn•naiement of the tharty.updatin8 the Companv
websfte wlth deta1￿ of our work ind knpfrmrq communlcations wbth Company Thffiibers on the Char(ty's
activities and re7Aewir* intemil fin•nc41 contrds, procedures and pollcles. In the loreer term the Twstees with
to increase the avera8e don•tlon per Cornpany rnernber to a kniel commensurate with uther L￿ery Companies
contlnuln8 a c•my*n ofcommuntatkn •nd exhortatkni.
P4e5

THEH
OF THE TRusfEES
PrnNUED
THE YEAR ENDED
STATEMEKf C*TRUSIEES' RE5P(X4SIBiullES
The Twstees are responsible for preparing the Twslees. RepNt and finandal statements In accordance with
applkabl¢ tsw and Unltèd KinRdom Ac￿£￿nI4￿ Stand•rds Iunrted kn"r4dom GenernlkyAttepted Accounting Pradlcel.
The law to chariiies In E￿1nd & Wiks requires the twstees to prepare financial statements for eath
financlal year whkh Blve a true ar￿ falr t*lew of the stste of aff•lrs of the chawlty and of the Incomln8 resources and
•ppIKation of resources of the th•rlty fof th•t perlod. In We￿￿1vI these finar*thl staternen￿ th* trustees are requlred
Select sultsble accountln8 polk*s ard then appWthern ￿n￿StenI￿r.
Ob5eTh* the mtthods •nd prlndples In the Charllles SORP 2015 IFR51021:
Mak*lud¥ements and estlm•tes that are reasoNbl• and pnjdert
State whether applicabbe ac£ounll￿ stsndards h•¥e betn folowed. subjert lo any miterl*l departures dlsclosed
and explained In the flnanual statements.. and
Prepare the financlèl statements on the ¢orKem ￿S￿$ unless ft Is inapproprbat* to presume that the ¢harity
wlll contlrwe In opeiatlon.
The Trustees are r05ponsIb￿ for proper account1￿ records ihat dlsdos• wfth r•asonable KcuTr£y •t any tlme
the financial posrttsjn of the ch•r6ty •nd en•ble them to ensure thai the financlal st•tements compfy wlth the Charltles
Act 2011, Ihe Char￿¥ IAccovnts and Rewjrtsl ReBu&tkJns 2LW)8 aThJ the prowisknis of the trust deed. They are also
responslblt fof ￿feguardI￿ the awts of the dkrlty and he￿e for t•klw reasonable steps for the preventlon and
detectlon ollraud and other Irreylarltle&
On beh•lf of the Trustees
01tr 14 July 2021

THE HORNERS CH*MIY FUNO
INDEPENDE1￿ EXAMINER'S REP
THE YEM ENDED
BER
I report to the Twstees on my er4mwtion ofthe accounts ofthe forthe year erded 31°
O•c•mber 2020.
The trustees are reSpOns￿le for the prtpar•tion ofthe acLounts in a(£ordance T￿th t1￿ tequlremtnts of
the Charltle5 Act 20111-the 2011 Acfl. The trustees are satisfied that an aud￿ Is not requlred for thls year
under 5ect6on 144121 of the Charities Art 2011 lthe 2011 Acil and thosen I1￿te•d to h•¥e an
lfvJepnd•nt txamln•Von.
I report In r•swt of my ex•mlnation of th¢ accounts a5tarrl•d thjt under sertion 44111 Icl of t
2(K15 Act and s•ctlon 145 of the 2011 Ad. In (arryfjng out my tx•miNtlon I have followed the
requlrements of the appkn'cable Direclions wven by the Chath comm￿10￿ under sects.on 14515llbl of the
2011 A¢t.
I have completed my examination. I confFmthat no m•tttrs haw corne to my •ttentlon me cau
to belkvè that In •ny rnat•rlal r•sp•ct'.
account1￿ racord5 were not k•pt tn reswrt of thirlty as requlred by $edIL￿ 130 of the 2011
Art,. or
th¢ a￿Unts do not accord wlth thos• r•cords: or
the accounts do r￿l compty with the applKable requirements cmcemirwa the fomi and content of
acC￿nts set trjt In the Chartt*s (Accounts and Reportsl Re8ul•tlons 2CpJ8 L)ther than any requlrement
that the accounts 8t¥e J true and falr *thkh Is not a m•tter comtrjered as part of an Independent
examlnatlon.
I h•¥e no corK•ms aThl come lcmss no othvr matters In CLmr*ctiw wth the exarninatlon towhlth
Ittentlon should be drawn ihis r•port In Ofd•r to •Nbl• • prowr y1￿ers￿nd1lq of th• •ccounts to be
reachd.
Adarn Ha15ey FC4
Haysrnaclntyre LLP
10 Queen Street Place
London
EC4R IAG
Date 14 Juty 2021
Page 7

IHE
STATEMENf OF FINAN
ND
THEYEAR ENDED
MBER2
Unrestricted DesW4ted RestrKted Pemianent
Furn4$
FuThls
EndoW￿￿t
Totsl
2020
Total
2019
Income from In%*strnents
Donatlons
Fundraisine
15.476
34,119
41,202
2596
30,121
86.799
36,715
30,008
113,925
24,795
17,736
43,798
30,121
153,522
156.455
EXPENDMJRE
Investm•nt M•Miement Costs
Charft•ble Grants
Support & Go4*rn•rK• Costs
14,3931
{10.9761
174,5661 1104.6761 ISB.5291
11,3131
li.(k17J
Is)
Is.￿8)
124.1771
126.0991
1237,7711 1159,3971
12AOS1
13.3801
TOTAL EXPENt#TURE
{80,2721 1116,7391 158,5341
18,8081 1264,3541
1188,8761
Net 8ilnslllossesl
on Investments
119.2141
147A611
13N501
13.131
156,9941
366,507
NET INCOMEIIEXPENDITURE)
119.8831 1120A021 131.8631
4,323
1167,8251
334.087
Transler 6eh4*en Funds
17,(MY)I
NEfMovEMENT IN FUNDS
119,8831 1127,4021 124.8631
4.323
1167,8251
334,087
Br￿￿ht FOr￿￿Td- I. lanuèry 2020
618,322
1,784.554
301,560
91fi812
3.621.247
3,287,161
Cariled Forward. 31 [￿ember 2020
S98.439 1.657.152
27&697
921.135
3.453.422
3.621.247
All tvansacttons are derNed from tontinulng actfrllties
All and losses recc£nlsed In thE year•re Inchjded bn the Ststemefrt of Fln•nc&l Actiwtie5
e8

NOIES
2020
2020
2019
2019
FIXEDASSEfs
Investrnents
3.321.359
3A18,593
OJRRENT ASSETS
Cash at Bank and In HaThl
Debtc
124.1(K)
12.992
215,431
9.823
TOTAL CURAENT ASSErs
137.093
225.254
CURRENT UAAILMES
Amounts fallirq due
thln one yeaf
15.0301
I22.6￿)
NET OJRRENfASSETS
132.1
202.654
NEfA5SETS
3.4S3.422
3,621.247
FUNDS
Perrnanent Endowment
Aestrkted
0•$18nated
Unrestrkt
921.135
276,697
1.6S7,152
598A39
916.812
301.560
1.784.554
618,322
3.453.422
3.621.247
Approved bythe Trustees on 14 2021
and ￿gned on their behall
C￿lf0f the Twustees
Trustee

ThEH
ERS
NOIES TOTHE ACC
ENDED
Accoufffip4G p￿0£5
The financial ststements have been prepared in accordance *Atyth Accountyn£ and Rtpc•rting by Charrties..
Statement of RecommeThJed fvactjce *pplk4ble to c￿rrtIeS yep•rirq their acuyunts in accordance ¥￿th the
Financial Re&K*rtl￿ StsThJafd appkable in thr UK and Republk of Ireland l FRS 1021- Ichariiies SORPIFRS
1021 (Second Edttkn, effecl(ve IstJ•nu4ry 20191. The Horr*rs Charity Funds meets the definithin of a publlc
entny under FRS 102. Auets aNI l&bIll￿$ are Inrtialfy reco￿lS¢d at historkal c05t or transa(IhJn value unless
otheNlse stated In the relevant accountirvd poly notes.
bl Golbva Cc#Kem
The Trustees con5hJer there art M m•trrl•l uncert•ntles abwnt ttre Ch•r6ty's ablmtyto contlnue as a
concern. The T￿tWO1 ourfinancMI po$rti￿, restr¥es knl •rK4 future plans (Nes trustees conflderKe the
tharlty r•malns a conc•rn for the forese••We fvture.
Legac*s and donation5 are rec￿n￿ whtrn ￿tel¥*ble or when the c￿rIty be￿M¢S legal￿ entiiled to
them and they (an reasonably be measur•d In ftn•ncfj•l ternis. Recelpts of property, Investments or other
lfts In klnd are Ihtltsded èt ma￿t Value.
Investments •r* a lorm of b•sk fina￿la1 Inslruments and ar• Infjtlalty shown In the fln•ncl•l statements at
m•rket value. Mo¥enxnts In the market ¥abJ*5 of Investmènts are shown 1$ sJnrealSsed ialns and losses In
th¢ Stst¢m¢nt ol Flnancial Acttr¥lllts.
Profits aThJ tosses on the reaNMtk+n of Investments ¥re shown •$ reallsed galns and losses In the Stalernent
of Flnantlal Actfvitles. Re•llsed ylns •nd knsses on kN¢Stments are Calcu￿ between sales proceeds and
thelr openlng G•rry6ry values or thelf purchase value W acquired subsequent to the first day of thp financl•l
¥tar. Unre•16std ealns and k>sse$ are cakuLated as the dlfference be￿ten the falr value at the ￿lf end and
thelf c•rrylnivalue. Re•lhed Ind unreaMs¢d in¥estmentyins aThl losses lie C￿nbInEd In the St•tement of
Flnanclal Artfvitks.
•) T¥Matlon
As a registered charlty. the Trnst Funds •re exempt from *Kome M cowporatlgn lax and cap￿1 galns tax
derfved frorn rls charltat>le actl¥ltfjes. Recty4try of t•¥ dedurted at Sour￿ i5 credtted to the category of
Incoffle to whkh Fl relat•s.
Exp￿dI¢￿t
Dlred charrtable expendlture conslsts of all comnfftted expendliure directhf relalns to the objects of the
ChaTity. Adminlstratitsn costs inc￿de eXpendi￿re on general adminlstrètlon •nd expendI￿re on
manalernent and compltsnce wtth oinstitutional and sta￿tOry requlrements.
Irrtcover•ble VAT Is IrKluded the Categ￿ of expense5to whith it ￿￿t*s.
io

THEH
TO IHE ACC(XJPnS
ND
ENDED
The c3wtsI of Perna￿nt Endowment Funds must be M•iDtsIr￿ intsct with any income aros1￿ bel￿ availatle
for r*strict*d or &eneral thar￿able purposes of the C￿rrt*S, accordir* to the tern￿ of the Ofi8inal settlement.
h) Fund Accountl
Unrestricted fvnds comprlse awirnulated surpluses and defklts on le￿ra1 funds. They are a¥al￿ble for use at
the discretlon ol the trustees in lurthera￿e ol the 8eneral charrtable obiecti¥es.
DeslRnated ful￿$ are ffijnds set èskle bythe Trustees forspeclfk purposes.
Re￿Ikted are used for spedfk purposes as rtaied by the ￿nIOr. Exwndtture whlth meets these Cf6terl•
Is charqed to the fund.
Cmh and Cath Eqthalerts
C•sh and cash equwlents Includes c•sh •nd short tefm hvahty Ip4uid investments wth short tsrm m•tvrfty of
three months or leu Irom date ol •c4utsltton or openlw olthe de[￿ or slmilar xcounL
JI EMlm•ta ind
Esllmates •Thl ludiements are contlnu•lty eva￿ated and •re ￿led on hlstorkal experlence •NI other factors,
I￿￿ding expe¢tstions of fu￿re events that •re believ¢d to be reasonable under the circurnstances. A￿hoUgh
these ¢stlmates are ksed on the Trustee's best knowled￿ of the amunt, events or acilons. actual resuhs
uhimately differ from these estimètes. The Trustees do not conslder there to be any rnaterlal e5tirnates and
lud8ements.
*} Fln•ndal Instrum•rts
The thar￿ only has finarKfjal assets and fftn•ncOal lfjabllrtles of a kind t￿t qualfv Is bask ftnandal Instruments.
BasK fimncial instruments, in¢￿dIn4 trade •nd ot￿1 debtors •NI crtditors, •rt Ifvrtl•l￿ reC￿mIsed •t
tr•nsactlon v•lue and svbsequentty measured at thelr settlenwit va￿e.
Paee 11

THE H(MINE
THE
ND
NUED
THE
MBER
Funds
To Insutullo
Serlotss Trust
&ANDS
Hon•ypot children's C￿T
Providence Aow
Tower Hamlets Missh)n
Reart
InterAd Stroke Support
Clapton Common Boys
Pembroke House
Great Orniond Street Hospitsl
d8ate Primary School
Becket Pageant
Safvatton Arrny
St Paul's Cathedral Found•tJon
Lord Mayor's Charlty
Bllnd in Busines5
Others- up lo £l.(KX)
To Indlbth*
Bursarles
Book pr￿e5
Becker 5th0￿rShIP
30,527
2,481
30,527
2,481
5,0(X)
1,500
1,5
1,720
1.720
4,(A)) 4.Ll)O
1,838
37.177
37,177
3.SlXI
3,50D
5.000 5,(*J)
49,677 124,243
74.566
Grants from EduutlQn￿ Funth
London Cornmunty ftesponse
Nattonal Em•r8enc6es Trust
st￿nee Opens Doofs
Britlsh SCie￿e Assoclat
Royal 5oc*ty of 8knlrev
York 8EST
Polymer StudiesTtyJrs
Fantsstk Hastk
Others- up to £l.C(#)
25.C
7.100
io,c¥Jo
13,025
21,576
7.1
lo,￿)
13,025
21576
7.5(Kl
77S
775
103,876
7,1¢)J 110.976
Aw•rdsforTWles
To indivlduals- up to £l.I
Totsl ExP￿dIE￿Ie
1.752
2,552
58.529 237.ni
74,566
104.676
Independent Examiner's Fee5
Bank Charges
T(A•l EXp￿r*
2,160
245
2.405
233
1.313
Pa8e 12

THEH
TO THE ACCOUNTS
t￿MNuE0
prtty Y•ar
Totsl
Funds
Grnntsfrorn Gen￿1 FWMIS
To Instltutlo
SANDS
Lord Mayor'5 CharKv
S•ilous Trvst
Honeypot Chlldren's Ch•rfty
Blknd in Business
Provldence Row
1349 Woking ATC
KEEN London
Oasls Communlty Partnershlps
Chlldren's Uteracy Char
ma88￿.$- St Barts
stjames G•rllckhythe
others- up to £l.CKKI
To IndMdu•
Bursaries
Book Pr12•S
B•ck•r SclhJl•rshlp
25,orKI
2.500
2,5C
Is
29.550
29.550
500
5,5CKI
100.704
5.5
35.550
65.154
Iknrtiffom Educ￿10￿ F￿¥th
Sclence Opens l)oors
Plastks Hlstorlcal Soc*ty
ft•lph Anderson L•ctsJr•
Potymer Stud*s Tours
DeS￿n Innovatlon In Pl•sllcs
Careers Advke- HELP
Fantastlc Plastlc
8rllish Science Associathin
Others- up to £l,(iXJ
iO.OLN)
12.IM
10.126
io.ocx)
12.004
10.126
4S20
1,036
49.6B6
8520
1,036
56,686
AwwdsftyTrWes
To Indl¥kluats- up to £l,(*XI
1,707
2.007
Total Expendiiwe
65.154
49.986
44.257
159.397
ndependtnt EMmlnef'S Fees
lellal Feès
Bank Charles
1.076
1.076
15
Totsl EXPe￿Ilure
915
1.076
Pale 13

THEH
CHARTtY F
NOTES TO THE ACC(XJNTS
NUED
NDED
2020
2019
6 INVESTMEPITS
M•rket Vahje •$ at 1° Jawary 2020
Purchasts
Sales
Revaluati￿$ & reallsed Galns
Manalefflent Fees
3.418,593
3,oei,724
386,468
1417.7141
394.214
126.0991
1417,7141
141.8111
124.177>
Market Value as at 31° Deumber 2020
3,321.359
3.418.S93
The In¥•stm•nts h•ld ar• In the followlw cate8orles
C•sh
Ftsed Interest
UK Equities
rsea Equrtles
Alternathy Asset CFassas
I(￿.470
fA)5.533
1.122.402
1.021.557
471,391
89.142
567.085
1.317,376
993,862
451.128
3.321.359
3.418.593
PERMANENT ENDOWMEf4TFUKIS
Balance at
Net
Mtrd*m•nt
Baknnce at
31 December
2020
l January
X$20
on
{￿tio1r￿}
Aesources
lfivestrnents
Hom*rs Chaffty Funds
A E L•wren¢e Wlll Fund
876,812
18,8081
13,131
881.13S
91Q812
18.8081
13,131
921.135
Prfor V•ar
B•l•nce •t
Net
m0￿Ment
Balance at
31" Decernber
2019
br￿mi
l(wJt8oi￿> Investments
Resourc•5
2019
Homers Charity Funds
A E Lawrence Will Fund
40.0fy)
876,812
745594
IB.6771
139.89S
785,594
18,677)
139.895
916.812
P¥e 14

IHE HORNERS
IHE AC
NUED
THE YEAR EN
DE
BER2
BalarKe at
l°January
2020
Net
Mtr4ement BaLince at
31° December
2020
IrKLvni
lout8olr¥) In¥estments
Resources
Plast4cs Indvstry EduuthxTr FuThl
George Becker Scholarshlp
Thomas Clarke Charity
A E Lawrence Will Fund
D F Oxley Bequest
Science Oprns Doors
117596
45.772
14.871
70,547
I,fA7
13,4401
13,6231
18,6851
17,2tsJl
{102)
18,6411
13,2251
11.0591
9.475
110.592
39,107
10,190
71,337
42,800
2,672
2,774
301,560
121.4131
{3.4501
276,697
AEsTricfED FUNOS
lorYe¥
8alance at
l°January
2019
N•t
Movernent
Balance at
31" Dectmbtr
2019
1rKtynl￿1
Irwtyoiw) In¥estm•nts
Resources
ptasdcs Indu5tryEdutatlon Fund
George Becker Scholarshlp
Thornas Clarke Charlty
A E Lawrènte Wlll Fund
D F 0X￿V Bequest
Sclence Opens Doors
103A42
43.552
13.176
71,328
48531
1.774
12,rA6
S,599
117,596
45,772
14,871
70,547
13,3791
26
12S301
1.750
1.469
1774
281,803
12.8251
22,583
301.5E
PaBe 15

ThEH
(HARffY
P40TESTO TH£ ACCCWNTS
ND
EN
Current
Cutwtnt
L4bilbties
Inter
Fund
Totsl
2020
In¥estmEnts
Assets
PermanEnt Endovm*nt
Restrlcted
Desi£nated
Unrestrlrted
921.13S
2CKJ.830
1.649.145
S50,249
921,135
276.697
1.657,152
598,438
75,867
8.￿7
184.7741
137.093
14.1301
Total 14et Assets
3,321,3S9
137,093
(S￿30)
3A53.422
Ojrrent
Assets
Current
Ll•b116tles
Inter
FurKI
Total
2019
Prfor Y•ar
Inwstments
Permanent Endowment
Restrlcted
Oeslgnated
Unrestrkted
916.812
220.343
1,707,582
573.8S6
916I12
301,561
1,784.551
618.323
81.218
77.869
1159,0871
{9CQI
121.7Q)I
225.2S4
Totsl NetAssets
3.418.593
225.254
122.6CQI
3,621,247
10 TRUSTEES REMUNERATIIY4 AP4D EXPEPISES
No remuneTation was p¥J ty 15 ptydtrAt either dirttty cff iThlirecty ILV the to *yTNstee or to a
person or persons known to be conntded t*Ath •nyof th•m 1x119.. Nd).
No relmbursement of expenses have been rnade or are due to be made to the Twrtees In respert
of ihe year lo 31 D*tember 2020 (2019: NIII.
There were no re￿ted party transadions In year12019: nll).
Pa8e 16

ThEA
NUED
DE
BER
Prlor Y
Unrestrfjcted Des*nated ReStrK￿ Perrno￿nt
Funds
FUNIS
FU￿15 Erylowment
Total
2019
IN
Income from in¥estrr*nts
Donations
LegaC￿S
FundRaisi
21,241
20￿12
$8.176
1.772
113.925
22,585
19,
19.946
61,999
59.948
34.5L
156A5S
EXPENDrnJRE
Investment Man¥iem•nt Costs
Char4tsble Grants
Suppgrt & Go¥ernarte Costs
14.7231
165.1541
11,3891
112,6991
149,9861
{9151
18.6771
126,0991
1159,3971
13.3801
144,2571
11.076)
TOTAL EXPENDITURE
171,2661
163,5991
145,3331
18.6771 1188.8761
Net galnslllossesl
on Invtstments
51271
147.758
22,583
139.895
366,S07
NtTINCCNMEIIEXPENDrruRQ
47,1
144.107
11.757
131,218
334,L￿7
Transler Between Funds
NET MOVEMENf Ip4 FIR4DS
47.iNM
134107
19.757
131.218
334,087
Brought Fop*r4rd- I" January 2019
571.320
1.648,4H
281,803
785,594
3,287.161
Carrkd ForwArd- 31. December 2019
618.324
1.784,551
301,560
916,812
3.621,247
All transactlons are derh*d from Continui￿ actr¥ities
All 8ains and losses recagnised in theyear are il￿ded In Statsment of Fin•ndal Acmies
Page 17