2022-03-31-accounts

Contents		Page
Trustees' Annual Report		1-4
Independent Examiner's	Report	5
Statement of Financial Activities		6
Balance Sheet		7
Notes to the Accounts		8-14
Detailed Statement ofFinancial Activities		15

					Permanent	Restricted	Total	Permanent	Restricted	Total
					Endowment	Funds	Funds	Endowment	Funds	Funds
					2022	2022	2022	2021	2021	2021
				Note			f	f	6
INCOME AND ENDOWMENTS				FROM:
Investments				3		125,546	125,546		149,581	149,581
Total income and	endowments					125,546	125,546		149,581	149,581
EXPENDITURE ON:
Portfolio management		fees			31,079		31,079	28,026		28,026
Grants						60,557	60,557		60,730	60,730
Grant administration						551			1,000	1,000
Recharged costs						25,764	25,764		15,609	15,609
Governance costs						2,520	2,520		3,240	3,240
Other						193	193		138	138
Exchange rate variance						2,201	2,201
Total expenditure					31,079	91,785	122,314	28,026	80,717	108,743
Net gains/(losses)	on	investments			503,518		503,518	678,204		678,204
Net incoming/(outgoing)			resources		472,439	33,761	506,200	650,178	68,864	719,042
Other recognised	gains/(losses):							1,176		1,176
Net movement in funds					472,439	33,761	506,200	851,354	68,884	720,222
Reconciliation offunds:
Total funds brought	forward				4,789,588	310,922	5,100,510	4,138,234	242,058	4,380,292
Total funds carried forward					5,262,027	344,683	5,606,710	4,789,588	310,922	5,100,510

		AS AT 3	1 MARCH 202	2
		Note	f	2022 f		2021f
FIXEDASSETS
Investments				5,349,192		4878 741
				8 349 192		4878741
CURRENT ASSETS
Debtors		12	266		36,503
Cash at bank and in hand			260,247		189,742
			260,513		226,245
CREDITORS: Amounts	falling
due within one year		13	(2,995)		(4,476)
Net current assets I(liabilities)				257,518		221,769
Total assets less current liabilities				5,606,710		5,100,510
TOTAL NET ASSETS				5,606,710		5,100,510
FUND BALANCES
Permanent Endowment	fund	14		5,262,069		4,789,588
Restricted Income funds				344,641		310,922
				5,606,710		5,100,510

4	Raising funds
												2022	2021
												f
	Investment management			costs
	Portfolio management											31,037	28,026
												31,037	28,026
5	Grants payable
						Bexley	Greater		Persons	in	Total		Total
						Fund	London		Need Fund			2022	2021
							Fundf
	Stepney City Farm						15,000					15,000
	St. Paul's Cathedral	t					2,191					2,191
	Lord Mayor's Appeal						1,000					1,000
	St.Vedast						650					650
	Historic Royal Palaces						2,500					2,500
	Jubilee Primary School						5,000					5,000
	StPaul's (Slade Green)		Primary School				5,000					5,000
	Christ's Hospital School								5,122			5,122
	City of London School for Girls								10,250			10,250	15,500
	Guildhall School ofMusic &Drama								1,525			1,525	5,250
	BVSCVarious 21/22				12,318							12,318	12,000
	Livery Kitchen Initiative												2,000
	JustB												15,000
	Headway SELNWK												2,000
	Age UK Bexley												1,971
	Veterans Club Bexley												2,000
	Belvedere Community	Ceigreenwich			&								3,009
	Bexley Community Hospice												2,000
					12,318		31,341		16,897			60,557	60,730
6	Recharged expenses
												2022	2021
												F	5
	Staff costs											25,000	15,000
	Office costs											764	609
												25,764	15,609
	Staff costs and office	costs		are administration		costs	recharged	by	The Worshipful			Company	ofWax
	Chandlers. See note	16.
7	Governance costs
												2022	2021
												F	6
	Independent Examiner's		fee									2,520	3,240
												2,520	3,240

11	Fixed Asset	Investm	ents
							2022	2021
							6	6
	Listed investments
	Fair value	at 1 April 2021					4,878,741	4,227,474
	Fees charged						(31,037)	(28,026)
	Income re-invested						172	1,089
	Movement	in unrealised		gains/(losses)			503,518	678,204
	Movement	in exchange		rate			(2,201)
	Fair value	at 31 March 2022					5 349192	4 878 741
	The asset allocation within			investments	was as follows:
							2022	2021
							F	8
	UK Holdings						2,011,253	1,782,011
	Overseas	Holdings					3,337,825	3,084,759
	Cash held	for reinvestment					114	11,971
							5 349 192	4 878 741
	No holdings comprise		more than 5%of		the investment	portfolio	in 2022 and 2021.
12	Debtors
							2022	2021
							F	F
	Investment	income					2	36,503
	Other debtors and		prepayments				264
							266	36563
13	Creditors: liabilities		falling due within		one year
							2022	2021
	Other creditors						475	475
	Accruals						2,520	4,001
							2,995	4 476

Movem	ent	in funds
				At 01.04.21	Net	At 31.03.22
					Movement
					in fundsf
Restricted		funds
Permanent		Endowment	Fund	4,789,588	472,439	5,262,027
Bexley	Fund			40,795	11,400	52,195
Greater	London Fund			186,847	15,542	202,389
Persons	In Need Fund			83,280	6,820	90,100
TOTAL	FUNDS			5,100,510	506,200	5,606,710

During	the	year the m	ovements in the	charity's funds were	as follows:
				Incoming	Outgoing	Gains and	Movement
				resources	resources	losses	in funds
				8		9
Restricted		funds
Permanent		Endowment	Fund		(31,079)	503,518	472,439
Bexley	Fund			31,387	(19,987)		11,400
Greater	London Fund			62,773	(47,232)		15,542
Persons	In Need Fund			31,387	(24,567)		6,820
TOTAL	FUNDS			125,546	~122,8641	503,518	506,200

Comparatives	for movement	for movement	in funds
					At 01.04.20	Net	At 31.03.21
						movement
						in funds
					6
Restricted funds
Permanent Endowment		Fund			4,138,234	651,354	4,789,588
Bexley Fund					32,127	8,668	40,795
Greater London	Fund				138,549	48,298	186,847
Persons In Need Fund					71,382	11,898	83,280
TOTAL FUNDS					4,380,292	720 218	5,100510
Comparative net movement			in funds, included	in the above	are as follows:
				Incoming	Outgoing	Gains and	Movement
				resources	resources	losses	in funds
					6		6
Restricted funds
Permanent Endowment		Fund			(26,850)	678,204	651,354
Bexley Fund				37,395	(28,727)		8,668
Greater London	Fund			74,791	(26,493)		48,298
Persons In Need Fund TOTAL FUNDS				37,395 149581	(25,497) ~707567	678204	11,898 720218
Analysis offunds
				Fixed	Current	Current	Total
				Assets	Assets	Liabilities
At 31-03-22 Restricted				5,349,192 5,349,192	6 6 260,513 ~2,995 260,513 ~2,005		6 5,606,710 5,606,710
At 31-03-21
Restricted				4,878,741 4,878,741	226,245 (4,476) 226,245 ~4,470		5,100,510 5,100.510

DETAILED P	ROF	IT AND LOSSACCOUNT FOR THE Y	EAR ENDED 31 MARCH	2022
			31.03.2022	31.03.2021
				E
INCOME AND ENDOWMENTS
Investment income
Other investment income			125,546	149,581
Total incoming resources			125,546	149,581
EXPENDITURE
Investment management		costs
Porffolio management			31,079	28,026
Charitable activities
Grants			60,557	60,730
Grant making costs			551	1,000
Staff costs			25,000	15,000
Office costs			764	609
Governance costs
Accountancy fees			2,520	3,240
Other
Bank charges			193	138
Exchange rate variance			2,201
Total resources expended			122,864	108,743
Net income/(expenditure)		before gains and losses	2,682	40,838
Realised recognised	gains and losses
Realised gains/(losses)	on	investments		1,176
Net income/(expenditure)			2,682	42,014