Regislered charity number.. 314211 The Worshipful Company of Tin Plate Workers Alias Wire Workers Charity Trust Trusteè's FlepDrt and Financial Statements 31 May 2024
The Worshipful Comparty of Tin Plate Workers Alias Wire Workers Charity Trust (registered number 314211 Contents Page Charily information Trustee's report Independenl Extlininer's reprirl lo the Trustee Stslemenl of linancial aclivilios 24 Balance she81 Notes lo Ihp (inrinrial $1411e.iiiHr7ls 9-11
Thè Worshlpful Company of Tln Plate Workers Allas Wlre Workars Charity Trust (r•gister•d numhr 314211) Inforniation Tru8t•o ThÉ Worshipful Company of fm Plate Workers Alias Wir8 Workèrs Bankers 66 High Slreol Ne'.¥ Nllaldoi) Surrey. KT3 4HD Investment Manager CCLA Fund Management Llrniled 1 Ang81 Lane LorOn EC4R 3A8 Indep•nd•nt Examlner Moorgale Ac¢ountsn¢y Ltd Chartered ACurIt8ntS Downsview House 141-143 Slatlon Road E8sI Oxted Surrey RH80QE Clerk Neil Lyon, MA. FSA 29 Abington Park Crescent Northampton NN3 3AD Charlty number 314211
The Worshipful Company of Tin Plate Workers Alia$ Wlre Workers Charity Trust (registered number 314211) Trustee's report - year ended 31 May 2024 T he T Slee presents its report and financial slal8ments of the Gharity Trust Ilhe "Chlc dty") for Ihe Year endpd 31 Mir y 2024, Constitutlon The charity is managed by Ilie Worshipful Company of Tin Plate INorkers alia5 Wire Workors of the crts( uf L(Jrid()ii Illie "C()rnp¢Jny'l. The Compaiiy was incorporated by Royic I Charter on 29th Deceinber 1670 and received Ihe slalus of a Livcry Company on 91h Docember 1766 Tlie Cliarity wa.s stsl lip by a Declaralion of Trust claled 1 9th April 1944 and is a registered Cl)arily numbor 314211 . Trustee and govornanco The Lompany is the Trustee of Ilie Chafily. Respcfftsibility lor thanogement of the affairs of the Cornpany rests wilh the Court and the Maslor. The markigement of the Charlty is deleutited by the Court lo Ihft Compai)y'% Edur.Alldi), EiitÉ3fpflsè and Charitias Conimittfi 117 rfi8pocI of donations and awards, lo tho Finance & Invcslmenl Comniittcc in rospcct of Ihc invcslmenl managèiiienl c)r Iht4 ¢haril8blc funds. and lo Ihp Miislor and Clork ivho Hre respor)sibl6 lor Ilie aulho". j581ion of oxpendilure Both Commille.e% report regularly lo the Court and lo the M8slor on their activities and dulles. Appolntment and Tr3lnlng of Trustoes The menibership of the Committees and the appolntnient ol 11)eir Chairmcn is made from exisling member5 01 Ihe Compciny by the Courl after C<1refiil consideration of Iheic eligibi15ly, Iier50nal coinpelenc&, specialist skills and kiio4vledge. New meinbers of Ihese Committees Ic nd off ice holders aro indiicled into Ihe w'orkinq5 of the Ch8rlty inGludino Court policy and procedure%. Rlsk Management The Truslee'q resprJn8ibilily l(ir Ihe maiiagemenl of the ii)vpslnienl r15ks f<iced by the Charity 18 delegiile,d lo Ihc Finance and Invoslmenl Committee. Risks ¢iro identified, assessed and n)onilorvd cind a report submitted to lh& Court In respecl of any idénlified weakness8s. The key controls iised by th8 Lharily include.. formal agendas lor 311 Coiniiiille6 and Court activity-, delailed lerrns ol referencp for all Commillee5', stratégic planning an(1 bu(igpling', gst3blish8d organisalional struciure and lines of reporting.. rlpdrlf 1luih()ris¢l1inn and ripproval Ipvels., thè Chairn)an ol the Education, Enterprise and Charllies Coft)mlllee rcportirjg in wriling lo the Court Iouf limes per ycir the appoinlmeiil ol a 188dii)g expert invesliiienl manager lo mai)agp Ihp. osst)l alloGalion aqreeé with Ilie Truslv.¥. Thruugli Ihe risk mt]n8gcmcnl processes esllblished for tho Chaflty. the I'ruste@ is satisfied 11)Éil where major risks have been idenlifipd, appr(Jpriale remedial ao.linn h88 been lelken as r48cessary. It is rccognised that System5 can only provide reasonable birt not absolvle assuranr.e that fll*ljor risk5 have been adequately managed.
Thé Worshlpful Company of Tln Plate Workers Allas Wlre Workers Charity Trust (registered number 314211 Trustee's rèport - year ended 31 May 2024 Objectives and grant-maklng policy,. public benefit The Charity Fund wab èstablished for general charitable purposes. Grants arp. n)a(le. l() supi)nrt Ihp. needy, undorprivilcgod children and to provide bursaries Dnd awards to apprenlicei aiid io pupils i, sludéi)Is al scliools ai)d inslilLsIioi)S C>f l)iglier education. Iii seleLlii)g lJeiiefiGi4rieb. 11?e undvrlying principlo Is lo oive preference lo orqanisalions i'iilh link5 lo tho Company's nietals trades or Ine City ol Lonofoii. Graiil.% lo e.liiiriliè.% iii vjhirh one or ii)are. Liverynien of Ihp C(Iiiii)ai)y hilve. rif) cir.livo PL'rsuniil involvcmonl are also considered. The Charily FLind also SLlPPQrts awards lo youn9 people 10 ÉncourAge Ihern inlc) m8niifaclLiring ifidiilry Hiid ertlp.rprise Tli? Qomi)Ai)y % E(lJculior). Enlpri)ri%p. anil C,l)Aritiès Cr)rt)Inillp.e fecommcnds bcncficicirios lo the Company's Lourt on thé baslts Ot th8 abov@ underlying priThciples'. il reviWS règul%1 r¥ciyief)Ib dl)d tyVllsid¥rs pulenli<il noiv JLJnoficiario5 ¢inniJcJlly. Ihus ttiisuring Ih¥il the Trustee ha5 regard lo the Charity Comn)ission's guidanc8 nn puhlic banefll. FlnHnci81 controls Tli# [Jvk5 tiiid rc'cords of Ihc Charily FuiiLI dre ri':oii)laiiied by Ihc Clcrk. Tho Fund's Inveslmenls are n)aTha9ed on a day.lo-day basis by CLLA. The Conipany's Finance and Irivp%liiipril CurTiiiiillee is res"pivnsilJle fvr (irranging Ihe prepcllciliL)n lind ¢lLt(Jil yf 11)e ai?nU(Il fin<lnGial slatemenls and r6porling lo Ilie Lourt of Ilie ConipTany on 11)e. ovp.rall fiiiaiicial position ol Ilie Fuiid. Flnanrlal review aiid reserve pollcy Tlic,. Fdiioolion, F.nlorpfi5o Bnd Chciri1105 Comrnillee s recomrnond&lions for outgoing donallons al'e made K'ith a vielv to pasbing on lo bèneficiaries all donations réceived williir) Ilie. 5ie¢ir, sijpplemcnlcd by drciwing down from the Charity Fund. Thc aijailablp dri¢ wdo4iin from the Charity's investment fund .should be iiiythirig 111¢41 is available in p.xoe8s ot 4'1a ol the lolal Anr)lJdl r¢lurn fr)r tho Chcirily FLind lincom& and capital grovhh} is iecognised that there are fluclualions in returns aiid the Inajority of donit lions ?r re on an 3nnLi31ised basi5 8nrl Iheroforo this policy 15 lo be reviewed over a medium term period. 11 is the vieiv of IhÈ Trustee Ilial this Is the appropriate lèvel of expen¢Jilurp io mccl Ihc Charily s nmmilrncnls on ci going concern ba515, Tli? Aei:cJuiilg slinw Iliv. Cli:.Irily FLJlI(I IC) liave) a value 38 :al 31 bArly ?,0?.4 of £1.880.928 12023.. r.1,760.1(Jyj. Investment powers and restriction9 The Lharity F'und consists of clonalions ivhich haiie b8en received over 1118 y88rs aiid in'81M?.I.il ii)eome r)ul ol which grani% are rnade Al)iiually. The Futi¢J cunsliliilp.8 2¢ n oxpcndablTr cndoivmont and provides a means of financial stability, particulir rly where qrants arè anvisageo to be paid over a nunibtsr ul yedrs. Achievements and performance Cyf.'4ril% l()l<illin9 £72.797 ivoro mado diiring the yecir12Q23.' £79.2fJ8}. These are delaiied in Note 2 10 the accounts. The lic 19esl %ingle grants. of £12,oao 2nd £11,oan, vJp.r6b mJ(le 10 Ilio Chaivibc'rl..iin Enlorprise Projecl and lo the Annual Special Aivard re5pectii'ely. Detailed reports on the iinpacl of the granls are published in the Comp?r)y's annuHI rieipisleller, fhc Lanlhorn, vchich IS Icvciilable on the Compi¢ ny's websilc my.lInP1a1eW0rkerS.co.Uk. Grants made lo SUPPOrt the work of other Charities, lor example the Lord Mayor's Appeal dttd Ihe Sherilfb. Rp.r.()rdor's Flind. conlribulc lo Iho objeclivo5 Qf Ihose, Cliarilies, which report Independently. Ai)plicalioiis lor grarils should bc addressed lo Ilie Clerk.
The Worshlpful Company of Tln Plate Workers Allas Wlre Workers Charity Trusl {registered number 314211 } Trustee's report - year ended 31 May 2024 Responsibllltles of the Trustee Thé Trustee is rÈsponsible for preparing the Trustee's. repori and thc financial statements in Iccordance with applicable law ?nd Uniled Kingdom AILounling Slcindards (United Kirigdoin Generc111y Accepted Accouiitiiig Practicel. Company law requir95 the charily Tru51ee lo prepare fin¢inLial slalemenls lor èacli year which give a Ifue and laif vie1N of the siale of aff alrs of Ihe charily and the incon)ing resourGos and applicallon of resources. inc.luding the in-ome and expendiliire, for Ih.Il Period. In preparinq these financial slalemenls, tho Trusloc is requirod to.. Select suitsble accounting policiès and Ihèn apply tham conslslei)Ily', observe the methods and principles ID the appliLable Chcirilies SORP., make Judgements aiid accounting estimates Ihal ale reasonablè an(1 pru(IpMI", prcparc thc finonGial slalcmcn15 on Ihc going conGern botsi5 unless Il is inapproprialÉ lo pre511mc Ilial the charity will eoiilinu8 in business. The Tru&lee Is responsible tor koaping adequ,Ite accounllno r8¢ords that are sufficient lo show and explain the charitvs Iransaclions and disclose with reasonable 2ccufiry al any lime Ihe financlal posilion o( Ihe Ghorily and en&blo Ihem lo ensuro Ihal tho financial statements comply wilh Ihc Companiés Act 20D6. They are also re8ponslbl@ for safeguarding Ihe a55els ol tho ch8rity and hence for Icikin9 reasonable steps for the prevE>nlion and detection of fraud and oll)&r iriEyyuldrili¥b. Tl)fi Tfu%lap.'8 .Inniial rti)orl And qlrrfilegir repnrl i¥e.rp appinve.<l on 4 fJ8cember 2024 ai)d signp.d nn behalf ol the TrLsslee b. IAarlin Thacker of Felternear Master
TO THE TRUSTEE OF THE WORSHIPFUL COMPANY OF TIN PLATE WORKERS
ALIAS WIRE WORKERS
Charity Trust (registèred number 3142111
IAle report to the Truslee on my examination ol the lirsaiibial slalLsmenls of the
IAlor$hiiJliil Comp8ny of Tiii Pl8lc' Workcrs Ali8% Wirp. Wofker¥ C.l)arily Trusl Ilhc
Charity I lor the yèar èr)dèd 31 fvlay 2024
R6sponslbllllle8 and basls of report
As Ihp. Tru51ec Df the Chcirily yoii Ic fe re5pon5ible for Ilie. pr.¢ritIon ol Ihe financi1e I
slalernents in accordance with Ihe TeqLiiremenls of the Charilies Acl 2011 Itlie 2011
We. re,porl ir) re%per.t ol my pxaininhlinn of the Charity's financial stalemeii',8 parried OLJI
under section 145 of the 2011 Act In carryiqg out my QX
TO THE TRUSTEE OF THE WORSHIPFUL COMPANY OF TIN PLATE WORKERS ALIAS WIRE WORKERS Charlly Trust (registered number 314211) ¥l,.[u) P¥ler Sèecl FCA loorqale Accoiinlcryncy Ltd (Stalulory auditor) Downsvieiy House 141-143 SIAlion roaol East Oxted SLirrey RH8 OQE
The Worshipful Company of Tin Plate Workers Alias Wire Workers Charity Trust {register6d numb•r 314211) Statement of financial activltles for the year ended 31 May 2024 Notes 2024 2023 Oonalioi)s - Includino Idx raclaimed Invelmenl income Interest on cash re8eNP. 27.033 25,487 503 53,023 29.113 169 29,282 Resourcès •Kp•nd•d Grants Bank charges Independent Exarninallonl Audil Fee 72,797 60 1.62a 74.477 79,258 62 1,500 80,820 121.454) {51 ,5381 Realised gain on salos of inveslmonls Unrealisad gain on inveslmenls Nel Sufplus of incoming resource3 (20,891 > 163,074 120,729 1,014 38,116 (12,4081 Trust fund balance broughl fornvard 1,760,199 1,772,607 Trust fund balance carried forward 1880,928 1,760,199
The Worshipful Company of Tin Platè Workérs Alla$ Wlre Workers Charity Trust (registered number 314211) Balancè sheet as al 31 May 2024 2024 2023 Fixed assets Inv85lmenls 1,854,657 1.712,474 Current asset5 Deblors Cash al bank gnd in hand 1,002 28.829 1,002 50,223 Creditors: amounts falllng due wlthin onè year 3,5601 3.500 26,271 47.725 Toial assets less current Ilabilltles Net Assets 1,880.928 1,880,928 1.760,199 1,760,199 Trusl Fund 1,880.928 ,760,199 The notes on pages 9 to 11 form part of these fingncial statements. The5¢ financiol 51al8mentS W8re approved by tho Trustee on 4 December 2024 and sgfted on ils behalf by-. Martin Thackor of Fetternear aster
The Worshipful Company of Tin Plate Workers Alias Wiré Workèrs Charity Trust {registered number 314211) Notes to the financial slalements Accounling policlès 8•sls off preparatlon The accouiits have beeii prepared Lhnder the hisloriLal cost biaSIS ds Inocliligd by th? revalualion of ¢ert1c in financ1171 D35e.l% tincl li8bililies nieasured at fair valLlè in accordsnce 'wilh FRS 102, The Financi21 Reporting Standard applicable ir) Ihe UK And ReF)Iiblic of IrelAnd. 11)e Slalei)16nl ol Recommended Praclice opplicHble lo charitiès preparing their financial statements in accord<iDce 'Illi Ilie Financial RepDrting Slandrird cippIIcdble ir) Ilie UK ai)d Ireland (FRS1021 (Charities SORP IFRS 10211.. and th8 Cliarilies Act 2011. Going con¢9rn Tho Trusleo bt)lioves Ihdl there ar8 no mèlerial uncertainlies aboLII Ihe Charitys ability lo ¢onlinLie for at least the next hyelve months. Incomln9 resourGe5 All income is inclLided in Ihe slalemenl of flnanci81 activities 'hen enlitlernent has passed lo the Chr?rily, il 18 1)fol)alil& Ihal the economlc b8nefiLs associated 'wilh Ihe Iransdrlinr) will Ilciw Ir) Iliv. Charity and tho amounl Gi¢ n be feligjbly ii)easured. The following policies are appli8cI lo particular (:alp.gories of income.. income from donations or oranls is reL'ognised wh8n there Is evldence of enlltlement lo the gill. Ilie receipi is probable aiid the amount can be reliably measured. legacy inconie Is recognlsed when rprfiipi 18 1)robable. aiid g.ntillemp.ii1 is es12blishèd. no amoun15 included lor Ilie contribution of gcncrEJl voluntoors. Resources expended Expenditure is r8cagnls&d on an acciLia15 basis a% A Iiiihilily 111 Iiic,urrp.d it nd 1.% r.la%siliftd under hcadings of the stateme.nt of finaiiLial activilles to which il rolates, All coslb are dllocaled lo expenditur8 categories refleclinq the use of Ihe reSOUfCO. Oirecl cos15 attrihutable to a singl8 activity 8re allocaled (lir&clly lo tlial aclivlty. Investm•nts Listed investmenls are measured al fair valup.. Unlisted investnients are measured al fair value unloss the V£11iie cgnnnl h¢*. Ireasur&d reliably, in which case they are measur6d al cosl1055 any 8ccu1Ulated iii)pairmenl losse5, Changos in lair VAlua ar8 ii)cludèd in tl)e SIHlemenl of Financial Aclivilies. Debtors Short 18rm dabltsrs are rTieasLJred al Iransir clion price (which is usuAlly Ihe invoice pricel, less any impairment 1055es for bad and doubtfijl debts Loans and other financial assets are initially recognisv(l al Irdnbaclion pric& including any Iians<iLlion costs and subsequen15y meJsur¥(I dl amortised cost determined usinq the effeclive inleresl me.IIiod, less any impairment losses for bad and doubrful debt5, Credllots Short tern) creditors are measured ol Iransciclion price (which is usually Ihe invoice pricel. Loans .?nd nlher linflntiiril liahililias are initially recogni5ed at Ircinsaclion price nel of any Irpnsaclion Go$15 and subsequently measLJred at amort15cd c051 determined using the elfeclive Interest melliod.
The Worshipful Company of Tin Plate Workers Alias Wire Workers Charity Trust (registered number 314211} Notes to the financial statements T8xatlon No Pfovision ha8 been madè lor uorporalion tax or dplprre,fl lix as the Charity is a regi%le.rfid charity cind therefore exempl. As tho Charity's aclivilios are classified as &xe.mpl or non-hLisiness activities for the purposes tsl value added t8x. Ilie Cliarily is Vfiable lo rcclaim ariy value added tax N,hich il Sliffors on purGhase8. Expondilure in Ihe5c financial stslements IS Iher#foro shown as inclusive of any value added lax. 2 Direct charitab le expenditure 2024 2023 rrade and enterprlse-related awards Llianiberlain Enterprise Proj&cl CcimlJrid(Je University Bri115h Arl fvlcdal Socicly Central Sl Martins IUAL:. incl I larold Flobbsl Jewellery Awards Ir()iibridge Gorge MLibeum Tr(Jsl Metals Industry Apprgntices ol the Year Lc)ughh()roiAgh Univprqily Dt15ign Award% Swqnspx University scholarghiii 8iid Pflze% IsupportFbd by 3 donation from tha Simon Gibson Trust) ROYGII College of Art Cerarnics Priz8 Rtslls R()yLe C(Infvren¢¥ Tr¢gv¥I Aw<ir(Is City UIiiKiÉbr8ily Travt)Iling Si:halarsliips Car(Ilff Ur)iv¥r%ily ijfiztts Imperlal Lollege & Nlancheslei Unlversity Awards COCKPIT Arl Arkwright Scholarships Arlv,l<*Lls prujeGls Isheifivld) HGrilaqe Crafts T()(Ilin9 Apiirp.nli{:r.bhip 12,000 2.000 12.UOO 1.QOO 1.150 2,300 500 2,786 4,20 2,500 500 3,050 2.200 5,000 2.150 272 3,200 300 1 ,000 4.400 300 1.UOO 2,200 2.200 .3.000 41.986 .25.512 City ftnd surroundino areas Iiinef London piirriary schools City & Guilés of Landon In.%tilute ily af London Froompn's School Guildhall School of Mus ic and Drama Livery SLhi)()l% Link ABF The Soldiers, Lharity Conneclion al Sl Nl¢irli r).% First Cily of London Scout Group 1,147 500 2,2ao 2,000 250 ,200 2.000 125 500 1,500 1,000 1.000 FJI Loiiduri Taxi Driv¥rb' Fijnd lor Cl)ildTen Lord Mayor's Charity Nl,311.sioii House Scholarship Schome lJudchute Farm and Pafk Ruyal 8rilish Legion Sl Margaret's Lothbury Sl Paul's Caihedral Sheriffs. & Rècordees kuiid -1,2J5 1.500 500 1.000 7.000 1,500 1,000 2.000 1.QOO 1.000 22,685 2,000 1,000 1,000 10
The Worshipful Company of Tin Platè Workers Allas Wire Workors Charity Trust (registered number 314211) Notes to th• financial statemènts 2024 2023 Spèeial Grants Annual Special Award", Lumi Foundalion Scar Free The Maslefs Fund In memory ol Pasl Masiers BRAKE Irlie Ruad Sdlely Lhkhnlyl 10.000 1.000 1.000 2.1no 10,000 1,000 300 500 14.600 13.8L)O Total charltablo éxp•ndltur6 72.797 79,258 3 Inv8stment$ - Mark•t Valu¢ 2024 2023 Inveslnienls 811 JLine Disposals AljdilOnS Unrealised gains 1.712,474 (1.710,2041 1.689,313 163,074 1,773.344 198,986) 38.11 Investments al 31 May 1,854,657 1,712,474 Cost of investments at 31st May 1.690.864 1.279,947 During the year, Inve51menl in Accumulalion Unils wer¢ sold and bought Income Units. resulted In rec&iving £25.487 12023.. £nil) investment income. No proceeds were received from the sale of inveslmenls (2023.. £100.0001. Investments as al 31, May 2024 and 2023 comprised unlls in th8 COIF Gharilies Inveslmenl Fund 4 Trust managèment Durlno the ye¢ir. Inveslmenl in Accumulallon Unil% were sold and the proceeds used lo buy Income Units. Thi.* re8uiied in Ihe Charity Fund receiving £25,487 (2023., £nill invc51menl inGome, No prcKeeds were received Irom the Sa of inveslmenls (202J: £1UIJ,0001. Investments as at 31 May 2024 and 2023 comprised units In the COIF Charities Investment Fund.