2023-03-31-accounts - William Kendall's Charity (Wax Chandlers Company)

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Contents	Page
Trustees' Annual Report	1-4
independent Examiner"s Report	5
Statement cfFinancial Activities	6
Balance Sheet	7
Notes tothe Accounts	8-14
Detailed Statement ofFinancial Activities	15

			FO	RTHE YEAR	ENDED 31 M	ARCH 2023
				Permanent	Restricted	Total	Permanent	Resbicted	Total
				Endowment	Funds	Funds	Endowment	Funds	Funds
				2023	2023	2023	2022	2022	2022
			Mote	5			5		F
INCOME AND ENDOWMENTS FROM:
Investments			3		143,482	143,4&2		125,546	125,546
Total income and endowments					143,482	143,462		125,546	125,546
EXPENDITURE ON:
Portfolio management Grants	fees		4 5	31,496	74,712	31,498 74,712	31,079	60,557	31,079 50,557
Grant administration								551	551
Recharged costs Governance costs					35,978 2,550	35,978 2,550		25,764 2,520	25,764 2,520
Other					145	145		193	193
Exchange rate variance					719	719		2,201	2,201
Total expenditure				31~6	1'l4,103	145,599	S1,079	91,785	122,884
Net gains/(losses) on	investments			(67,566)		(67,566)	503,518		503,518
Net incomingl(outgoing)		resources		(99,062)	29,378	(69,684)	472,439	33,761	506,199
Net movement in funds				(99,062)	29,378	(69,684)	472,439	3$,761	506,20S
Reconciliation offunds:
Total funds brought forward				5,262,027	344,683	5,606,710	4,789,588	310,922	5,100,510
Total funds carried forward				5,162,964	374,061	5,537,027	5,262,027	344,683	5,606,710

4	Raising funds					2023	2022
							E
	Investment management Portfolio management	costs				31,496	31,037
						31,496	31,037
5	Grants payable
			Bexley	Greater	Persons in	Total	Total
			Fund	London	Need Fund	2023	2022
				Fund
				5
	Outward Bound Trust			5,820		5,820
	Dimbleby Cancer Care			2,000		2,000
	SL Paul's Cathedral			(2,191)		(2,191)	2,191
	Lord Mayor's Appeal			1,000		1,000	1,000
	Jubilee Primary School			5,000		5,000	5,000
	St Paul's (Slade Green) Primary School			5,000		5,000	5,000
	Chrisfs Hospital School				5,122	5,122	5,122
	City ofLondon School for	Girls			5,250	5,250	10,250
	Guildhall School ofMusic	&Drama			5,250	5,250	1,525
	BVSCVarious		42,461			42,461	12,318
	Stepney City Farm						15,000
	St.Vedast						650
	Historic Royal Palaces						2,500
			42 611	16620	15022	74712	60657
6	Recharged expenses
						2023	2022
						9	8
	Staffcosts					35,000	25,000
	Office costs					978	764
						35070	25 78,4

xed Asset Investments
				2023	2022
				5	6
Listed investments
Fair value at 1Apnl 2022				5,349,192	4,878,741
Fees charged				(31,496)	(31,037)
Income re-invested				1,760	172
Movement in unrealised gains/(losses) Movement in exchange rate Fair value at 31 March 2023				(67,566) ~19 5251 171	503,518 ~2.201 SS49192
e asset allocation within	investments	was as follows:
				2023	2022
				F	5
UK Holdings				2,410,287	2,011,253
Overseas Holdings				2,840,884	3,337,825
Cash held for reinvestment					114
				5251 171	5249 192
holdings comprise more than 5%of		the investment	portfolio	in 2023 and 2022.
btors
				2023	2022
				F	6
Investment income					2
Other debtors and prepayments				101,594	264
				101,594	266
editors: liabilities falling due within		one year
				2023 F	2022f
Trade creditors				35,264
Other creditors					475
Accruals				2,550	2,520
				37,814	2,995

During	the year the m	ovements in the	chanly'a funds were	as follows:
			Incoming	Outgoing	Gains and	Movement
			resources	resources	hsses	in funds
				F
Restricted funds
Permanent Endowment		Fund		(31,496)	(67,566)	(99,062)
Bexley	Fund		35,870	(52,309)		(16,438)
Greater	London Fund		71,741	(36,325)		35,416
Persons	In Need Fund		35,870	(25,470)		10,401
TOTAL	FUNDS		143402	~146599	~67006	~69084

	Comparatives	for movement	for movement	in funds		At01.04.21	Net	At 31.03.22
							movement
							in funds
							6
	Restricted funds
	Permanent Endowment		Fund			4,789,588	472,439	5,262,027
	Bexhy Fund Greater London	Fund				40,795 186,847	11,400 15,542	52,195 202,389
	Persons In Need Fund					83,280	6,820	90,100
	TOTAL FUNDS					51D0510	500200	56M710
	Comparative net movement			in funds, included	in the above	ars asfollows:
					Incoming	Outgoirig	Gains and	Movement
					resources	I'esau foes	losses	in funds
						8	6	F
	Restricted funds
	Perinansnt Endowment		Fund			(31,079)	503,518	472,439
	Bexley Fund				31,387	(19,987)		11,400
	Greater London Fund Persons In Need Fund TOTALFUNDS				62,773 31,387 125501	(47,232) ~24,M77 ~122,064	503.518	15,542 6,820 506.200
15	Analysis offunds
					Fixed	Current	Current	Total
	At 31-03-23				Assets	Assets f	Liabilities 6
	Restricted				5,251,171 5.251.171	323,670 (37,814) 323070 ~37.014		5,537,027 5537D27.
	At 31%3-22
	Reslricted				5349102 0,949192	260513 ~(2995 260513 ~2,000		5600710 5,6M, 710

DETAILED PROF	IT AND LOSS ACCOUNT FOR THE Y	EAR ENDED 31 MARCH	2023
		31.03.2023	31.03.2022
INCOME AND ENDOWMENTS
Investment income
Other investment income		141,451	125,548
Loan interest received		1,500
Bank interest received		530
Total incoming resources		14384&2	125,546
EXPENDITURE
Investment management	costs
Portfolio management		31,496	31,079
Charitable activities
Grants		74,712	60,557
Grant making costs			551
Stalf costs		35,000	26,000
Office costs		978	764
Governance costs
Accountancy fees		2,550	2,520
Other
Bank charges		145	193
Exchange rate variance		719	2,201
Total resources expended		145,599	122,884
Nst incomef{expenditure)	before gains and losses	(2,118)	2,682
Net income/(expenditure)		22.8182	2,882