Charity Registration No: 800043
THE PLUMBERS CHARITY
TRUSTEES. REPORT AND ACCOUNTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024

CONTENTS
Page
Report of the Trustees
Independent examiner's report
Statement of Financial Activities
Balance Sheet
Notes to the accounts
7-10

THE PLUMBERS CHARITY
Report of the Trustees
For the
ear ended 29 Se
tember 2024
The trustees present their annual report and financial statements of the charity for the year ended 29
September 2024. The financial statements have been prepared in accordance with the accounting policies set
out in note 1 to the accounts and comply with the charity's trust deed. the Charities Act 2011 and 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 Treland
published on 1 January 2019.
Objects and activities
The objects of the charity are to apply the income of the Trust to such charitable institutions. objects or
purposes as the trustees. in their absolute discretion arKJ at such time and in such proportion. think fit. These
decisions are made entirely independently of the Worshipful Company of Plumbers. To apply all or any of the
capital of the Trust the consent of the Court must be obtained.
The ethos of the Livery Companies of London has always required that they foster. protect and enhance the
trade to which they are connected. As such they have always been staunch supporters and sponsors of
charitable giving especially with emphasis on education and training.
The charity's vision is 'Better plumbers, better plumbing. better health. better lives. Wlth objectives to SUPPOrt
and influence plumbing education, training and development, prornotion of the craft, sanitation projects.
clean water, public health and welfare. and to SUPPOrt other City charities and educational activities.
The twstees meet four times per annum to considei all applications for grants. The amount disbursed annually
is currently wthin the range £65.000 - £75,000 depending on the number of application5 and the level of
income. On the recommendation of the Education and Techntcal Committee bursaries are awarded to
apprentices to asslst them to purchase tools. The Companls Gold ar￿ Silver Medals are awarded in alternate
years.
Public benefft
When applying charitable funds, the trustees pay due regard to the Charity Commission guidance on public
benefit.
Achievements and performance
During the year the trustees awarded a total of..
£62,057 (2023: £52.753) in grants and donations to 33 (2023- 25) organisations,. and
£12.457 (2023: £1,112) in bursaries to 6 (2023- 2) individuals.
Other achievements include better communication through the improvement of our web pages and social
media. As a result. we have seen an improvement in the quality of our applications.
Financial Review
The charity generated a net surplus of £35.779 {2023- deficit of £9,893). The increase in net income is as a
result of gains on investment assets. The Trustee policy aimed at increasing the level of grants paid will
continue.
At 29 September 2024 the charity had total unrestricted funds of £750.000 (2023: £714,221), of which £746,893
{2023- £707,821) has been invested to provide income for future beneficiaries.

THE PLUMBERS CHARITY
Report of the Trustees
For the
ear ended 29 September 2024
Financial Review (continued)
The Trust's investments are managed by Cazenove Investments on a discretionary basis. The trustees require
environmental, social and governance (ESG) issues to be considered during investment analysis and decision-
making. The managers are targeted with producing income coupled with some capital growth. The trustees
have avoided investing in hedge funds and derivatives although it is accepted that some in house funds used
by Cazenove could have some elements within their structure. At each meeting the trustees receive a report
on the management of the investments by Cazenove.
At 29 September 2024. the charity held £3.107 (2023: £6.400) of free reserves. The trustees aim to commit
income to further its charitable objectives. including the disbursement of around £65,000 to £75.000 annually
as grants, awards and bursaries.
Structure. governance and management
The Worshipful Company of Plumbers Charitable and Educational Trust was established under a Trust Deed
dated the 15th July 1988 and registered as a charity on 13 September 1988. Supplemental Deeds were added
12 October 1994. 10 October 2017 and 23 October 2019. The Trust Deed is supplemented by a Governing
Document which was reviewed by Trustees during the year to 29 September 2024 and is due to be reviewed
again over the next two years.
The Trustees follow the Charity Commission's guidance and the charity complies with the seven principles set
out in The Charity Governance Code, a cross-sector collaknration developed with the help of over 200 charities.
The principles cover organisational purpose: leadership: integrity, decision making. risk and control; board
effectiveness." equality. diversity and inclusion: and openness and accountability.
The trustees who seNed throughoirt the year and up to the date of this report were-
C M Brooks (Resigned: 14 May 2024)
R D Burgon (Resigned: 11 September 2024)
M V Cooper
J Dalton
J Fisher
S L Hodkinson
J Rivers
J L Mager
C Joseph (Appointed: 14 May 2024)
D Reynolds {Appointed: 11 September 2024)
The board shall normally comprise up to eight twstees. all of whom shall be liverymen of the Company and
they are appointed by the Court. At least four of the trustees shall be members of the Court. The Chairman
shall be a member of the Court.
The trustees meet four times a year to manage the twst affairs.
Reference and administrative details
C17arity registration ntimber
800043
Secretary
C Sofaer
Operating address
Carpenter5, Hall
1 Throgmorton Avenue
London
EC2N 2JJ

THE PLUMBERS CHARtrY
Report of the Trustees
For the
ear ended 29 September 2024
Reference and administrative details (continued)
Independent Examiner
Paul Windmill FCA
Myers Clark
Egale I
80 St Albans Road
Watford
Herts WD17 1DL
8ankers
Royal Bank of Scotland
62-63 Threadneedle Street
London
EC2R 8LA
Investment advisors
Cazenove & Co.
3 Copthall Avenue
London
EC2R 7BH
Ststement of trustees. responsibilities
The trustees are responsible for preparing the Trustees. Report and the accounts in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial
year which give a true and fair view of the state of affairs of the charity al the year end and of its incoming
resources and application of resources for the year then ending.
In preparing these accounts, the trustees are required to:
-select suitable accounting p)licies and then apply them consistently.
-observe the methods and principles in the Charities SORP;
-make judgements and estimates that are reasonable and prudenL
-state whether applicable 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 disclose with reasonable accuracy at
anytime the financial position of the charity and enable them to ensure that accounts comply with the Charities
Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They are also
responsible for safeguarding the charitls assets and hence taking reasonable steps for the prevention and
detection of fraud and other irregularities.
On behalf of the board of trustees
S L Hodkinson
Chairman
QI 4p/LI 2025
cl U L

THE PLUMBERS CHARITY
Independent Examiner's Re
ort
I report to the trustees on my examination of the accounts of The Plumbers Charity. formerly known as The
Worshipful Company of Plumbers. Charitable and Educational Trust (the Trust) (Charity Registration no.
800043) for the year ended 29 September 2024 which are set out on pages 5 to 10.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 2011 {'the Act.).
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act
and in carrying out my examination E have followed all the applicable Directions given by the Charity
Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confinn that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the ACL or
2. the accounts do not accord with those records; or
3. 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 accounts give a 'true and fair view which is not a matter considered as part of an independent
examination.
I have no concems and have come across no other matters in connection with the examination to which
attention should be drawn in this rew)rt in order to enable a proper urKJerstanding of the accounts to be
reached.
Paul Windmill FCA
Myers Clark
Statutory Auditor a￿1 Chartered Accountants
Egale 1. 80 St Albans Road
Watford
Hertfordshire
WD17 1DL
Dated.. la F*nl 203S

THE PLUMBERS CHARITY
Statement of Financial Activities
For the
ear ended 29 Se
tember 2024
2024
2023
Notes
Income from:
Donations
Investment income
33,854
14.028
32,771
14.947
Total income
47.882
47.718
Expenditure on:
Investment managers, fees
Grants and donations
Bursaries
Management fee / Bookkeeping
Independent Examiner fees
Bank charges
Postage a￿1 CarTiage
(6,613)
(62.057)
(12,457)
(3,377)
{3.570)
(502)
(290)
{6,688)
{52,753)
{1.112)
(3.217)
(2.880)
(545)
Total expenditure
(88.866J
(67. 195)
Gains/(losses) on investment assets
76. 763
9.584
NET EXCESS OF INCOME OVER EXPENDtruRE FOR THE YEAR
35.779
(9.893)
RECONCIUATION OF FUNDS
Fund balances at 30 September 2023
714.221
724,114
Fund balan¢e5 at 29 September 2024
750.000
714.221
All funds are unrestricted
The notes on pages 7 to 10 form part of these accounts.

THE PLUMBERS CHARITY
Balance Sheet
As at 29 September 2024
2024
2023
Notes
Fixed assets
Investments
746,893
707,821
Current assets
Stock
Debtors
Cash at bank and in hand
595
5,783
299
595
7,500
1,185
6,677
9,280
Creditors: amounts falling due within one
year
(3,570)
(2,880)
Net current assets
3.107
6,400
Totsl assets less current liabilities
750.000
714.221
Funds
General Fund
750,000
714.221
The accounts We￿ approved by the Trustees on
o* A p r J 2025 and signed on their behalf by.
S L Hodkinson
Chairman
The notes on pages 7 to 10 form part of these accounts

THE PLUMBERS CHARITY
Notes to the Accounts
For the
ear ended 29 Se
tember 2024
Accounting policies
Basis ofpreparation anda5sessment ofgoing concem
The accounts (financial statements) have been prepared under the historical cost convention with
ttems recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these
accounts. The financial statements have been prepared in accordance with the Statement of
Recommended Practice- Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) issued on l January 2019. the Financial Reporting Standard applicable in the United Kingdom
and Republic of Ereland (FRS 102) and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties abwt the chariVs ability to continue
as a going concern.
Income recognition
Income is recognised as incoming resources when the trust has entitlement to the income, it is
financially measurable and certain of receipt. Income received for events tunning in future years is
deferred.
Investment income is recognised when credited to the income account held by the investment
managers.
Donations are recognised when the charity has been advised of the award or upon receipt. whichever
is earlier.
Income received for events in future years is deferred.
Expenditure recognition
Resources are recognised in the peri(Kl in which they are ir￿UrTed with liabilities ￿Ing recognised
where there is a current or constructive obligation to pay. Expenditure includes irrecoverable VAT.
Investments
Listed investments are a fomi of basic financial instrument. Investments are initially recognised at
transaction cost and subsequently at fair value. Fair value is taken to be the mid-market value at
close of trade. Realised and unrealised gains and losses are amalgamated and taken to the Statement
of Financial Activities.
Stock
Stocks are initially recognised at transaction value and subsequently valued at the lower of
transaction value or net realisable value.
Funds structure
Unrestricted funds represent fund available to be spent on the charitable objects at the trustees,
discretion.

THE PLUMBERS CHAIUTY
Notes to the Accounts (continued)
For the
ear ended 29 Se
tember 2024
Donations
2024
2023
Note
Individuals
33,854
32,771
33.854
32.771
Investment income
2024
2023
Income from listed investments
Interest receivable
13,922
106
14,778
169
14.028
14.947
Analysis of trustee remuneration and expenses
The trustees are considered to be the key management of the charity. There are no employees. None
of the trustees (or any persons connected to them) received any remuneration or reimbursed
expense5 in the year.
Yixed asset investments
2024
2023
Market value at 29 September 2023
Capital invested/(withdrawn)
Income received
Investment managers. fees
Increase/(Decrease) in market value
707,821
(45,000)
13.922
(6,613)
76,763
715,148
(25,000)
14,778
(6,688)
9,584
Market value at 29 September 2024
746.893
707,821
Cash
Listed Investments
5,607
741,287
34,067
673,754
746.893
707.821
Historical cost of listed investments
607,418
617,600

THE PLUMBERS CHARITY
Notes to the Accounts (continued)
For the
ear ended 29 Se
tember 2024
Fixed asset investments {continued}
2024
2023
Assets comprising more than 5% in value are:
70,000 Equity Income Trust (less than 5% in 2024)
280 Findlay Pafk American Fund
1.045 Vanguard S&P 500 ICtTS (600 units in 2023)
406 Robecco BP Global Premium Equities (less than 5% in 2024)
17,617 HSBC FTSE All-world Index Fund
783 JPMorgan America Equity Fund (less than S% in 2023)
27.889 M+ G Japan Fund (less than 5% in 2023)
35.504
41,054
40,170
44.593
37,485
47,636
84,721
44.416
77,588
39.770
Debtors
2024
2023
Trade Debtors
Debtors (Gift Aid)
Amounts due from The Worshipful Company of Plumbers
(75)
5,858
{500)
5,592
2.408
5.783
7.500
credito￿ amunts falling due within one year
2024
2023
Other Creditors and Accruals
3,570
2,880
3.570
2.880
Related Party Transacttons
The Worshipful Company of Plumbers appoints the trustees of the charity. As at 29 September 2024,
The Worshipful Company of Plumbers owed the charity £nil (2023.. £2,408) for costs paid on behalf of
The Worshipful Company of Plumbers. during the year.
During the year, there was a charge of £3.377 (2023: £3,214) for bookkeeping, relievinq a cost that
would otherwise have been charged to The Worshipful Company of Plumbers. Furthermore, duiing
the year the charity made a donation of £5,000 (2023.. £5,000) to The Worshipful Company of
Plumbers. Plumbing Museum and Workshop Trust. S L Hodkinson. a trustee of The Plumbers Charity,
15 also a trustee of The Worshipful Company of Plumbers Plumbing Museum and Workshop Trust.
The Plumbers Charity also made donations totalling £nil (2023.. £1,500) to The Parochial Church
Council of the Ecclesiastical Parish of St Magnus the Martyr with St Margaret New Fish Street and St
Michael Crooked Lane, London. M V Cooper. a trustee of The Plumbers Charity, is also a trustee of
The Parochial Church Council of the Ecclesiastical Parish of St Magnus the Martyr with St Margaret
New Fish Street and St Michael Crooked Lane. London.

THE PLUMBERS CHARITY
Notes to the Accounts {continued)
For the
ear ended 29 September 2024
Trustees. Donations
The aggregate amount of donations made to the charity by trustees was £2,440 (2023,. £2,060).
10
Grant Commitments
Grants and bursaries totalling £16,000 (2023: £15,388) have been approved for future years. They
have not been accrued in the financial statements but will form part of grants and bursaries in
future years.