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• m8keiudgements and eslimales that Are ¥ea50nabk and prudenl
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• stale whether applicable United Kingdom A¢couniin9 stsndards have been followed.
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prepare the accouDl$ on Ihe gn9 concern basK5 unkss Il Is Inappropiiat8 10 pi¥¥ume
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The Wt)r5hipful CDtnpany of BUher$ General charrt$
Un¥VdIt balanc• #h••t 5 11 2023
DRAFT
Noies
2023
2022
InvèÈim•nis
2.(7 539
2.167.637
Tax reoJ¥er8Ye
Prepayments and Income
Cash and In haTrJ
2.672
a.847
9,29S
7,552
20.$84
55.575
Cr•dIta amoJMS talli4&
wthinry* year
12,f611
12.5351
17,923
53.040
Ne¢¢urrentass818
N•tAgBots
2.025,462
2.220.677
Th•fvn& ufth• ¢h•rity
Perm8nenlerdThwYenl funds
Tre8the furd
448.275
3.957
1.573.230
2.025,462
476.814
?n74
Ur511thd general lunds
1,741 789
2,Z20.077
The
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. J7, 77c¢•J,,23
TheWot5hiolul Company of Butchers Gefieral Charities 13
**The Worshipful Company of Butchers Education Charity**
**Annual Report and Unaudited Accounts**
5 April 2023
Charity Registration Number 297603 (England and Wales)
**Contents**
|**Reports**||
|---|---|
|Legal and administrative information|1|
|report|3|
|Independent examiner
report|8|
|**Accounts**||
|Unaudited statement of financial||
|activities|9|
|Unaudited balance sheet|10|
|Principal accounting policies|111|
|Unaudited notes to the accounts|144|
The Worshipful Company of Butchers Education Charity
## **Legal and administrative information**
## **Trustees**
Master, Wardens and Court of the Art or Mistery of Butchers of the City of London
**Members of the Court**
Peter Allen John Allton Jones David Baker Graham Baker (Resigned September 2022) Margaret Boanas (Master to October 2022) William Buchanan Amanda Buitelaar Andrew Burton Steve Chick Jim Connell Paul Dolan Tim Dumenil Rachel Griffiths Gwyn Howells Andrew Parker (Master from October 2022) Julien Pursglove Dave Richards Jean Sawdon (Resigned September 2022) Anthony Stanton Timothy Stone Bill Thurston (Appointed from October 2022) Christopher Wood Peter Wright (Appointed from October 2022)
**Registered/principal office** Worshipful Company of Butchers Butchers Hall 87 Bartholomew Close London EC1A 7EB **Telephone number** 020 3931 8350 **Fax number** 020 7606 4108 **E-mail** clerk@butchershall.com **Charity registration number** 297603 (England and Wales)
The Worshipful Company of Butchers Education Charity
**1**
## **Legal and administrative information**
**Independent examiner** Stephen Tanner Kreston Reeves LLP Chartered Accountants 2nd Floor 168 Shoreditch High Street London E1 6RA **Bankers** CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ **Investment advisors** Investec 30 Gresham Street London EC2V 7QP
The Worshipful Company of Butchers Education Charity
**2**
5 April 2023
The trustees have pleasure in presenting their annual report and the accounts which represent the activities of the Charity for the year ended 5 April 2023. These have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
## **Structure, governance and management**
## _**Legal Status**_
The Worshipful Company of Butchers General Charities fund was established on 2 January 1969 by The Master, Wardens and Commonalty of the Art or Mistery of Butchers of the City of London to support charitable purposes anywhere in the world. The Charity incorporated the Lonsdale Memorial Fund and the Institute of Meat Educational Foundation, whose funds were utilised to support educational activities within the meat and associated trades.
The Educational Funds were derived from donations from liverymen including legacies from the late liverymen George Lonsdale and Past Master Ernest Gunner. In addition, the Funds benefited in 1994 from the transfer of the charitable funds from The Institute of Meat. The
Under a Scheme of the Charity Commissioners dated 21 April 1999, the Educational Fund of the Worshipful Company of Butchers General Charities was transferred to the Charity with effect from 6 April 1999. By a deed dated 3 December 1998 The Ilse and Michael Katz Trust, which was established on 3 September 1987, was renamed The Worshipful Company of Butchers Education Charity.
In February 2007 a transfer of funds was made from the Gary Baker Education Trust. This donation is an expendable endowment and income arising is available for the general purposes of the Charity and the award of a special prize in honour of the memory of Gary Baker.
## _**Governance**_
The trustees of the Charity are the Master, Wardens and Assistants of the Court of the Worshipful Company of Butchers. The Charity and Education Committee, comprising of a Warden as the Chairman and selected Court members, as well as co-opted liverymen ensure that there is a strategy and a five-year plan and that it is executed correctly, seeking approval from Court for key decisions. The day-to-day administration of the Charity is undertaken by the Worshipful Company of Butchers.
The Worshipful Company of Butchers Education Charity
**3**
5 April 2023
## **Structure, governance and management** (continued)
## _**Governance** (continued)_
Committee members are recruited from among the Livery of the Worshipful Company of Butchers. Membership rotates every September although a number of Liverymen remain on the committees for a number of years in order to provide continuity. The Chairman normally remains in post for two years. At the first meeting of each committee, the Clerk briefs all of the new members on their responsibilities and gives each new member a copy of the governing scheme and the latest report and accounts. There are normally four meetings a year.
The C managed through the Investment Committee of The Worshipful Company of Butchers who meet four times a year. The Investment Committee is made up of members of the Court and specialist co-opted Liverymen. Its role is to ensure that the Education investments are being managed correctly and provide information on the estimated annual income available for donations. The Investment Committee use the services of Investec who hold an advisory mandate.
## _**Risk Management**_
The trustees are satisfied that the current levels of internal financial controls mitigate the risk of error and fraud. Consideration of investment risks was included in the tender process for an investment manager. The wider concepts of strategic and business risk were considered during the financial year and have been reported.
The trustees aim to continue monitoring risk as an ongoing process that is part of the normal daily management of the Charity. It is felt that this method is proportionate to the levels of income and expenditure typical of this Charity.
## **Objectives and activities**
The Charity was established to promote, advance and support the education and training of persons engaged or about to be engaged in the end-to-end meat industry in the United Kingdom.
The Charities vision is:
- **industry to learn and grow, from apprentices to directors and**
- **decision-makers. To encourage education opportunities for all levels of the industry and to ensure the provision of meaningful professional recognition**
- **To position the Worshipful Company of Butchers with a stronger role in encouragement and facilitation of education at all levels of the industry and in all**
The Worshipful Company of Butchers Education Charity
**4**
5 April 2023
There are six objectives which are:
- in the area
- of industry education.
- duplication
- but exploiting synergies with other bodies.
- To work more closely as a facilitator with other meat industry bodies engaged in education and training. This includes the possibility of working with Ofqual, who are taking over the important role of External Quality Assurance for all apprenticeships other than degrees. We have applied to provide Ofqual with the industry expertise they need for meat apprenticeships.
- meat
- education activities.
- To establish measurable standards for the effective monitoring and evaluation of all its activities.
- To work with the campaign to include food industry qualifications in the Lifetime Skills Guarantee. All the food liveries in the pan-livery food group are supporting the campaign started by the Food and Drink Training and Education Council (ftc).
## **Public Benefit**
The trustees have taken due consideration of the Charity Commission guidance on Public
## **Achievements and performance**
## _**Grant making policy and grants made**_
The Charity awards educational grants, awards and prizes to further its charitable objectives. The Charity made payments totalling £35,456 (2022: £50,539) to promote, advance and support training and education in or about the meat industry.
|Harper Adams University Meat Training Bursaries
Institute of Meat Prize Giving
British Charcuterie
Livery Link Schools
Gary Baker Award Prize
Support Costs|**2023**
**2022**
£
£
26,460
34,485
5,100
5,601
-
5,000
-
125
1,000
2,000|
|---|---|
||32,560
47,211
2,896
3,328|
||35,456
50,539|
The Worshipful Company of Butchers Education Charity
**5**
5 April 2023
## **Financial review**
The Charity had total income of £29,262 (2022: £35,113) and total expenditure of £41,082 (2022: £53,677). After investment losses of £57,522 (2022: Gains of £59,921) net expenditure was £69,342 (2022: net income of £41,357).
## _**Reserves and Investment Policy**_
In light of the limited scope for fundraising, the trustees consider that the reserves are not excessive. The assets in the general and restricted funds are adequate to fulfil the obligations of the charity, and are realisable at short notice. There is the opportunity to support specific education projects by requesting Charities.
The investment manager is employed on an advisory basis, working within the terms contained within the standard terms of investment approved by the trustees during the year. All investments are quoted on the London Stock Exchange. All investments have been acquired in accordance with the statutory powers available to the trustees.
The main investment objective and the risk tolerance of the investment policy approved by the Court are:
To achieve a total real return over a five year period to preserve the permanent endowment in real terms whilst sustaining a spending rate of 3% of the total asset value per annum.
To maintain an overall total risk level that reduces to an acceptable level the likelihood of the portfolios total return being exhausted under any likely five-year market fall whilst allowing the charity to support its spending commitments over this period.
At 5 April 2023 there were total reserves of £798,888 (2022: £868,230), including £53,934 (2022: £57,576) of endowment funds and £1,831 (2021: £1,831) of restricted funds. Free reserves were £743,123 (2022: £808,823).
The trustees are responsible for preparing the annual report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Practice).
Charity law requires the trustees to prepare accounts for each financial year which give a e and expenditure during the year and of its state of affairs at the end of the year. In preparing those accounts, the trustees are required to:
select suitable accounting policies and then apply them consistently;
- observe the methods and principles in Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102);
The Worshipful Company of Butchers Education Charity
**6**
5 April 2023
make judgements and estimates that are reasonable and prudent;
- state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that are sufficient to nsactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, applicable Charity (Accounts and Reports) Regulations and the provisions of th fraud and breaches of law and regulations.
Approved by the trustees and signed on their behalf by
John Allton Jones Chair of the Charities Committee
Approved by the trustees on:
The Worshipful Company of Butchers Education Charity
**7**
5 April 2023
## **trustees of The Worshipful Company of Butchers**
## **Education Charity**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2023.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the accounts in accordance wi
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.
I have completed my examination. I confirm that no material matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:
- accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- The accounts do not accord with those records; or
- the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accou
- is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Stephen Tanner BSc (Econ) FCA Kreston Reeves LLP Chartered Accountants 2[nd] Floor 168 Shoreditch High Street London E1 6RA
The Worshipful Company of Butchers Education Charity
**8**
## **Unaudited of Statement of Financial Activities** 5 April 2023
**----- Start of picture text -----**
Restricted Permanent
Unrestricted funds Total 2023 Total 2022
Fund Endowment
£ £ £ £ £
Income from:
Donations
- -
11,474 11,474 17,025
and legacies
Investments 16,607 1,181 - 17,788 18,088
Total income 28,081 1,181 - 29,262 35,113
Expenditure
on:
- -
Raising funds 5,626 5,626 3,138
Charitable
-
34,456 1,000 35,456 50,539
activities
Total
-
40,082 1,000 41,082 53,677
expenditure
Net income
for the year
before
(12,001) 181 - (11,820) (18,564)
investment
gains and
losses
(Losses)
-
gains on (53,699) (3,823) (57,522) 59,921
investments
Net
(expenditure)
income and
-
(65,700) (3,642) (69,342) 41,357
net
movement in
funds
Fund
balances
brought 808,823 57,576 1,831 868,230 826,873
forward at
06/04/2022
Fund
balances
carried 743,123 53,934 1,831 799,888 868,230
forward at
05/04/2023
**----- End of picture text -----**
None of the activities were acquired or permanently discontinued during the above two financial periods.
The Worshipful Company of Butchers Education Charity
**9**
**Unaudited Balance Sheet** 5 April 2023
|Notes
**Fixed assets**
Investments
5
**Current assets**
Accrued Income
6
Cash at bank and in hand
**Creditors**: amounts falling due
within one year
7
**Net current assets**
**Net assets**
**The funds of the charity**
Permanent endowment funds
8
Restricted funds
9
Unrestricted general funds|**2023**
**£**
795,457
3,597
2,484
6,081
(2,650)
3,431
799,888
53,934
1,831
743,123
799,888|2022
£|
|---|---|---|
|||864,549|
|||3,136
3,070|
|||6,206
(2,525)|
|||3,681|
|||868,230|
|||57,576
1,831
808,823
868,230|
The accounts on pages 9 to 167 were approved by the trustees and signed on their behalf by:
John Allton Jones Chair of the Charities Committee
Approved on:
The Worshipful Company of Butchers Education Charity
**10**
**Principal accounting policies** 5 April 2023
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the accounts are laid out below.
## **Basis of preparation**
These accounts have been prepared for the year to 5 April 2023 with comparatives presented for the year ended 5 April 2022.
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these accounts.
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The accounts are presented in sterling and are rounded to the nearest pound.
## **Critical accounting estimates and areas of judgement**
In preparing the accounts, the trustees and management were not required to make significant judgements and estimates.
With regard to the next accounting period, the year ending 5 April 2024 the most significant areas that affect the carrying value of the assets held by the charity are the level of investment return and the performance of the investment markets.
## **Assessment of going concern**
The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The trustees have made this assessment in respect to a period of one year from the date of approval of these accounts.
The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.
The Worshipful Company of Butchers Education Charity
**11**
**Principal accounting policies** 5 April 2023
## **Donations and Legacies**
Donations are recognised when receivable and the amount can be measured reliably by the charity.
Legacies are included in the statement of financial activities when there has been a grant of probate, the executors have established that there are sufficient surplus assets in the estate to pay the legacy, and any conditions attached to the legacy are within the control of the charity.
## **Interest and dividend income**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity. This is normally upon notification of the interest paid or payable by the bank.
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
## **Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
All expenditure is comprised of direct costs incurred on raising funds or activities in furtherance of the charitable objectives and is accounted for on an accrual basis.
Grants payable are included in the statement of financial activities when approved and when the intended recipient has either received the funds or been informed of the decision to make the grant and has satisfied all performance conditions. Grants approved but not paid at the end of the financial year are accrued. Grants where the beneficiary has not been informed or has to fulfil performance conditions before the grant is released are not accrued for but are disclosed as financial commitments in the notes to the accounts.
## **Investments**
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Realised and unrealised gains (or losses) are credited (or debited) to the statement of financial activities in the year in which they arise.
The Trustees have adopted a total return approach to investment and spending as permitted under the Trusts capital and income act 2013 and the Charity Commission regulations associated with it. This was approved by the Trustees in 2020/21 and brought into effect from 06/04/2021 using the average value of the endowment over the previous five years as a base point.
The Worshipful Company of Butchers Education Charity
**12**
**Principal accounting policies** 5 April 2023
## **Debtors**
Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid.
## **Cash at bank and in hand**
Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition.
## **Creditors and provisions**
Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt.
## **Funds**
Endowment funds comprise monies which must be held as capital. Permanent endowment funds must be permanently retained by the trustees and cannot normally be spent as if they were income. Where the trustees have a power of discretion to convert endowed capital into income, the fund is known as an expendable endowment. Income arising from endowment funds is credited to general funds and applied for general purposes.
Restricted funds comprise monies raised for, or which have their use restricted to, a specific purpose, or contributions subject to donor-imposed conditions.
Unrestricted funds represent those monies which are freely available for application towards achieving any charitable purpose that falls within the charity's charitable objects.
The Worshipful Company of Butchers Education Charity
**13**
**Unaudited notes to the accounts** 5 April 2023
## **1 Donations and legacies**
**----- Start of picture text -----**
2023 2022
£ £
Donations 11,474 17,025
11,474 17,025
2 Investment income
2023 2022
£ £
Fixed interest securities
3,063 3,648
Property and Alternatives
1,336 1,215
Equities
13,389 13,225
17,788 18,088
**----- End of picture text -----**
## **3 Expenditure on raising funds**
Expenditure on raising funds comprises investment management fees and custody fees both of which are which are charged to unrestricted funds.
## **4 Charitable activities**
|Harper Adams University Meat Training Bursaries
Institute of Meat Prize Giving
British Charcuterie
Livery Link Schools
Gary Baker Award Prize
Support Costs|**2023**
**2022**
£
£
26,460
34,485
5,100
5,601
-
5,000
-
125
1,000
2,000|
|---|---|
||32,560
47,211
2,896
3,328|
||35,456
50,539|
All charitable expenditure is unrestricted, there is no expenditure of restricted funds. (2022: £Nil).
The charity is administered on a pro bono basis by The Worshipful Company of Butchers. No remuneration or expenses is payable to trustees. Support costs include the independent accrual of £2,650 (2022: £2,520).
The Worshipful Company of Butchers Education Charity
**14**
**Unaudited notes to the accounts** 5 April 2023
## **5 Investments**
**----- Start of picture text -----**
2023 2022
£ £
At market value:
As at 6 April 2022 864,549 806,836
Additions 78,651 128,440
Disposals proceeds (96,941) (132,354)
Net (losses) gains on disposal and revaluation of investments (58,398) 60,037
Movement in Cash 7,596 1,590
As at 5 April 2023 795,457 864,549
Market Market
value value
2023 2022
£ £
Portfolio structure
Fixed Interest 67,660 49,985
UK Equities 157,684 180,999
International Equities 417,774 453,678
Property 34,437 33,580
Alternatives 99,838 135,840
Cash 18,064 10,467
As at 5 April 2023 795,457 864,549
**----- End of picture text -----**
**----- Start of picture text -----**
6 Debtors
2023 2022
£ £
Quarter 4 Dividend Income 3,597 3,136
7 Creditors: amounts falling due within one year
2023 2022
£ £
Accruals - 5
Audit Accrual 2,650 2,520
2,520 2,525
**----- End of picture text -----**
The Worshipful Company of Butchers Education Charity
**15**
**Unaudited notes to the accounts** 5 April 2023
## **8 Expendable endowment fund**
|**xpendable endowment fund**||
|---|---|
|**As at 6 April 2022**
Gift Component
**Movements in Year**
Investment Return-Dividend
Investment Return-Realised and
unrealised gains and losses
Less Expenditure
**As at 5 April 2023**|**Trust for**
**Investment**
**Unapplied**
**Total**
**Return**
**Total**
**Endowment**
£
£
£
50,000
7,576
57,576
-
1,181
1,181
-
(3,823)
(3,823)
-
(1,000)
(1,000)|
||50,000
3,934
53,934|
The Gary Baker Memorial Fund arose from a donation received in February 2007 from the trustees of the Gary Baker Trust. The fund is an expendable endowment although the trustees have no plans to spend any of the capital. Income arising from the fund is available for the general purposes of the charity, with a provision up to £1,000 being earmarked for a special bursary each year, with the winner being nominated by the Harper Adams University through the facilitation of Liveryman Bob Bansback and approved by the Court and the Baker Family.
The Gary Baker Memorial Fund is held within the investment portfolio and gains and losses on the portfolio are apportioned to the fund on a pro-rate basis based on the proportion of the total holding each year.
## **9 Restricted funds**
|6 April 2021|**Expenditure**|6 April 2022 **Expenditure**
5 April 2023
£1,831
-
£1,831|
|---|---|---|
|FJ Mallion Fund
£1,831|-||
The FJ Mallion Fund is represented by assets held as cash. The Fund is used to purchase books for the Library. There has been no expenditure for the last two years.
The Worshipful Company of Butchers Education Charity
**16**
**Unaudited notes to the accounts** 5 April 2023
## **10 Statement of Funds 2023**
||**2021 Investment**
**Growth**
**Dividend**
**Income**
**Other**
**income**
**Spend**
**2022**|
|---|---|
|Endowment: Gary Baker Memorial Fund
Unrestricted
Restricted FJ Mallion|54,430
3,953
1,193
-
(2,000)
57,576
770,612
55,968
16,894
17,025
(51,676)
808,823
1,831
-
-
-
-
1,831
826,873
59,921
18,087
17,025
(53,676)
868,230|
||**2022 Investment**
**Loss**
**Dividend**
**Income**
**Other**
**income**
**Spend**
**2023**|
|Endowment: Gary Baker Memorial Fund
Unrestricted
Restricted FJ Mallion|57,576
(3,823)
1,181
-
(1,000)
53,934
808,823
(53,699)
16,607
11,474
(40,082)
743,123
1,831
-
-
-
-
1,831
868,230
(57,522)
17,788
11,474
(41,082)
798,888|
## **11 Staff costs**
The average number of persons employed by the charity during the year was nil (2022 - nil).
There were no employees whose total employee benefits (excluding pension costs) exceeded £60,000 (2022 nil).
## **12 Benefits**
or expenses for the year ended 5 April 2023 (2022 nil).
## **13 Related Party Disclosure**
The charity received no charitable donations from court members in the year (2022 nil).
The Worshipful Company of Butchers Education Charity
**17**
5 April 2023
## **trustees of The Worshipful Company of Butchers**
## **Education Charity**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2023.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the accounts in accordance wi
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.
I have completed my examination. I confirm that no material matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
The accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accou
is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Stephen Tanner BSc (Econ) FCA Kreston Reeves LLP Chartered Accountants 2[nd] Floor 168 Shoreditch High Street London E1 6RA
28 November 2023
The Worshipful Company of Butchers Education Charity
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