Page 15 - A4 Journal 2019

The Master’s Year

Scholarships are ongoing and the Trustees, in conjunction with the Charity Committee and the Scholarship and Awards
Committee of the Company, are working on an expansion of these into other disciplines, albeit within the Trust’s objectives.
Likewise Prizes and Awards to educational bodies range from Universities to Craft Colleges and the giving to appropriate City
of London and Construction Charities is fully maintained.

In 2018 the Charitable Trust disbursed a total of £55,820 as follows:
A £3,000 Provision for Sir Ian Dixon CIOB Scholarship and £30,000 was given to Treloar's School from the "No Strings
Attached" appeal from restricted funds.
From designated funds disbursements were made as follows:

• £4,320 University of Westminster Property & Construction Department
• £3,000 Hereford Cathedral Stonemason apprentice
• £2,500 Building Research Establishment [for the Royal Charter Research Award]
• £2,500 Chartered Institute of Building, Faculty of Architects and Surveyors Scholars
• £2,000 Team Build Association
• £2,000 Barnardo's "The Hub" Construction Skills Centre
• £1,500 Treloar's School
• £1,000 Ironbridge Development Trust
• £1,000 St Lawrence Jewry Church Preservation Fund
• £750 Mansion House Scholarship Scheme
• £350 Royal Navy and Marines
• £350 RAF Wittering 5001 Squadron Prize
• £350 Shafting and Shoring Prize
• £350 Southbank University Constructors Prize
• £350 Tong Cup
• £250 Sheriffs' and Recorder’s Fund
• £250 City and Guild of London Institute
Since 1990 the capital sum for the Trust has been enhanced by capital donations (from members and corporate sponsors of
the Company) and by particular appeals such as the events at the Tower of London and HMS Belfast, and the Millennium
Appeal, which was fully expended.
It is the financial policy of the charity that unrestricted funds which have not been designated for a specific use should be
maintained while consideration is given to ways in which additional funds may be raised and future distributions made.
From the outset, the policy of charitable giving has been in line with the constitution of the Trust and since 1990 the Company
has appointed a Scholarships and Awards Committee which has targeted, in particular, educational and training scholarships
and awards in the construction industry and allied professions. This is an ongoing commitment for the future and the original
scholarships and awards are now being enhanced by further awards to cover the breadth of the disciplines within the ambit of
constructors The Trustees therefore ensure that the income from capital is sufficient to meet these commitments now, and
in the future, and to increase them where appropriate in monetary terms and also with appropriate new awards in the future.
To meet these aims the Trust’s policy on distribution of income is to distribute donations of an income nature. All specific (or
restricted) funds raised by appeals at dinners, or otherwise, are disbursed in full.

Members are urged to consider both regular donations and bequests to the Charitable Trust and details of how this can be
done are available from the Honorary Treasurer of the Charitable Trust - Honorary Court Assistant Norman Brown.

Charitable Giving

One of the key aims of any Livery Company is to support those in need, and each year the City livery companies give some
£67m to charitable causes and provide 75,000 pro bono hours of support from their members. We in the Worshipful
Company of Constructors provide for charity through our Charitable Trust. This year the Master, Michael Parrett, set out at
the beginning of his year to raise £50,000 for charity, and with the help of his ex-colleagues, members of the Company, and
commercial sponsorship, he managed to do just that. His fund-raising extravaganza enabled the Company to present
cheques for £10,000 to each of Clic-Sargent, the children’s cancer charity, and the Sheriffs’ and Recorder’s Fund. In both
cases the monies were ring-fenced to support their construction centric activities. In the case of Clic-Sargent the money
went towards their “Home from Home“ initiative, which seeks to provide family homes in which seriously ill children can be
with their siblings and parents at such a critical time in their young lives. The donation to the Sheriffs’ and Recorder’s fund
will be used to further their work to provide training and apprenticeships for young offenders to enter a career in the
construction industry.

Autumn 2019 | The Journal of the Worshipful Company of Constructors | Page 15