Charity Regi8tratlon No. 228361
William Kendall's Charity
Report and Accounts
Year ended 31st March 2025

WILUAM KENDALL'S CHARITY
FOR THE YEAR ENDED 31 MARCH 2026
Contents
Pago
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes lo the Accounts
Detsikd Statement of Financi￿ Activities
14
8-14
15

WILLIAM KENDALL'S CHARITY
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES REPORT
The Trustees present the annual report and financial slalemenls ot the charity for th8 yaar ended 31
March 2025. The financial Statements have been prepared in accordance wlh tha accounting policios
sel out in note 2 to the accounts and compty with the charity's trust d88d, the Chari(ies Act 2011 and
Accounting and Repoiting by Chartties.. Statement of Racommended Practice applicable lo ¢haribes
preparing their accounts in accordance with thè Financial Reporting Standard applicable in the UK and
Republr of Ireland - SORP FRS 102 {effective 1 January 2019}.
Objectives and actlvltles
Willkqm Kendall's Charity is administerod tr￿aY under a Scheme approved by the Charity Commission
dated 13 August 19g2.
The objective of the charity is to make grants in accordanee wrth the Scheme and the Trustee pays du8
regard to th& Charty Commission's guidance on publ￿ benefit. The nel income of the charity is divided
into Ihfee parts, each subject to its own reStr￿tIonS..
il One half of the net income of the charity is available for the relief in need of inhabrtanls of Greater
London who are in conditions of need, hardship or distress with a preference for inhabitants ofthe Cty
of London. This is known as the Greater London Fund.
ill One quarter ol the net income of the charity is available for charftable purposes for the general
benefit of the inhabrtanls of the London Borough of Bexley. This is known as the Bexley Fund.
iiil One quarter of the net income of th& charity is available for the relief in need of persons who are in
conditions of need. hardship or distress, with a preference for Wax Chandlers, C¢)mpany member8.
their dependents, and fomer employees of the Company. This is known as the Persons in Need Fund.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding wh￿h
acliwtios the charity should undertake.
Achievements and performance
During the year the charity awarded grants of £68,88512024.. £79,20118s sel out in note 5. These
grants were used for a wide variety of puipo8es including supporting local primary schools and local
community projects and funding school fees. This enabled the ¢harity lo meet its objectives of the relief
of need, hardship or distress and the use of funds for ¢haiitable purposes for the inhabitants of the
London Borough of Be￿ey.
Financial review
The charty deiives ils income from a portlolio of investments. There are no reslrith.ons in the Trust
Scheme so the Trustee 18 bound by the prowsions of the TN$lee Act 2000 in raspecl of investments.
The Truslee$' aim is to balanee the ngeds of present and future beneficiaries and as sueh aim lo
achieve the best possibla totsl return and follow a medium ri$k strategy. The Trustees aim to maintain
the capf(al of the investment funds at least in line wth inflation. The charity does not cary free reseNes
as 811 its objective5 are met through the usg of the Endowment Fund and the Restricted Fund.
Page 1

WILLIAM KENDALL'S CHARITY
FOR THE YEAR ENDED 31 MARCH 202S
TRUSTEES REPORT
Investsnent funds are managed on behalf of the Trustee5 by Cazenove capit￿ wlhin the charit￿$
investment policy. Investsnenl returns. both Capit￿ and income. are reviewed regularty and monitored
against the general investment market.
The market value of investments at 31 Ma￿h 2025 was £6,118,779 {2024.' £6.029,7021. There was a
n&t gain on the investments of £20,422 (2024.. net gain of £811,895).
Ouring the year the charty received investment income of £188,01312024.. £161,649) an increase
compared lo 21r24 of £26,364 {2024." an increase of £20,108).
StructuY•. governance and management
The governing document of th9 charity rs the Trust Schgne of 13 August 1992. The corporate Truslge
is The Worshipful Company of Wax Chandlers la Cty Livery Company). and its Court of Assistants
(equlvalent of a 8oard of DIreCt￿S) are the charty Tnjstses within the m￿1￿9 of the Charf(ie$ A¢t
2011.
New charity trustees are elected by th& CourL The Court is advised by the Charty Cornmittee on dl
aspects of policy and odminislralion.
The day lo day administration of the Charity is undertaken by the C￿lk. The Trustee is notffied of any
updates lo any Charity Commission legislation relevant to the charity and the way ft operates.
Reference and administration d•tsils of the charlty, Its TNstse and advlsers
William Kenddfs Charty is a register8d charity no. 228361.
The principal a&dress ofthe charty is Wax ChandleTS' Hall, 6 Gresham Street, London EC2V 7AD.
The Trustee is The Worshipful Company of Wax Chandlers, operating under a Charter granted by King
Charlas 11 on 23 November 1663. The members of the Court of the C¢Jnpany serve as the charity
Trustees wrthin the meaning of the charit￿S Act 2011. The membership of the Court during the year
and up to the date of the approval of the Trustees Report is shown below".
Mastor
Mrs Lynda Mar$lon-Weslon
Deputy Master
Dame Fiona Woolf
Upperwardon
Mr lan Appleton
Rentsr Warden
Mrs Margaret Ginman
P￿82

LUAM KENDALL'S CHARITY
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES REPORT
Court Asslstants
Mr Anthony Ward
Mr Jonathan Simpson
Mr Haydn Cole
Mr Robert McLean
Dr Flank Cselik
Mrs Constanlina Firth
Mr Andrew Blaxland
Past Master Court Asslstants
Mr John Sleeman
Mr Peter Tompkins
Mr Arthur Davey
Mrs Joan Beawngton
Mrs Susan Grgen
Mr Tim Mailo
Mr Anthony Bid(more(resvJned 01.0&241
lerk
Mr Richard B Moule
The principal advisers to the charlty are:
Bankers
Cafcash Limrted
Kings Hill
Wesl Malling
K8nl
ME19 4TA
Investment Managers
Cazenove Capital
1 London Wall Place
London
EC2Y SAU
Sollcltors
Reedsmilh Rtchaids BU￿er LLP
Bea￿Ort House
15 St Botolph Street
London
EC3A 7EE
Independent Examiner
Sarah Shearer FCA
Emmaus Chartered A¢¢ountants
377-399 London Ro&J
Camber18y
Surrey
GU1S 3HL
Page 3

WILLIAM KENDALL'S CHARITf
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES REPORT
Statement of trust￿. rg$ponsibiliti88
Charity law requires the Trustees lo prepare fi'nanciai statements for each financial year. which give
true and fair wew of the stale of affairs of tha charty and of the net incomingl loutgoing} ￿ourCeS for
the year. In preparing the financial statements the Iruslees are required lo..
. Sel&t su(table accounting poI￿leS and appty them con8i8tenlty.'
. Make judgements and eslimale8 that ale reasonable and prudent., and
Prepare the financial statements on a going concem basis unless rt is inapprcpriate to do w.
The Trustees 8re responsible for keeping proper a¢￿UntIng r￿OrdS which discl¢)se Mlh reasonable
accui&y al any time th& financkql posi(ion of the charty and to enable ri to ensure that the financial
slatomants compty with the Charities Act 2011. They are also responsibie for safeguarding the assets
of the chanty and hence for taking steps for the prevention and detection of fraud and other
irregula¥th'es.
This report and the financral statements have been prepared in accordance with-.
. the provisions of the Charitses Acts., and
. statement of Reccfflmended Practice.. Accounting and Reporting by Charities is$ued ￿ 1 January
2019.
Approved by the Trustees on l¥.....fth£ 2025 and signed on their behalf by..
Mrs Lynda Marslon-weslon
Master
Mr lan Appleton
Upper Warden
Pag8 4

INDEPENDEKf EXAMINER'S REPORT
TO THE TRUSTEES OF
WILLIAM KENDALL'S CHARrrY
.(Ihe Charlty'l
I r8POrt lo the charity Iruslees on my examination of Ihg accounts of the Charty for the year
ended 31 March 2025 which are sel oul on pages on pages 6 to 7 followng. which have
been prepared on the basis of the accounting policies Set out on pages 8 10 9.
Responslbllltles and basls of report
A5 the charity5 Irusle&s you are responsible for the preparat￿n of the account8 in
accordance with the reqLFiremenls of the Charities Act 2011 {'Ihe Act'i.
I report in respect of my examination of the charit￿5 accounts carried out under section 145
of the Act and in canwng out my gxaminalion I have followe(l all the applicable Directions
given by the Charty Commission under section 14515llbl of the Act.
Independent •xarninerfs statoment
I have completed my examinat￿n. I confirm that no rnalerial matters have come lo my
attention in connedion with the examination giving m& caus& to believe that in any material
respect
1. accounting rocords were not kept in rospgct of the Charfly as required by sectw)n 130 of
the Act," or
2. the accDunts do not accord with those records., or
3. the accounts do not comply with the applicable requirements concerning the foTm and
content of accounts sel out in the Charities IA¢counl$ and Reportsl Regulations 2a08 other
than any requirement that the aecounls give a 'true and lair VI￿ ￿lch is not ? matter
considered as part of an Independant Examination.
I have no concerns and havè come across no other matters in conn&tK)n with the
8xamin*ion lo which attention should be drawn in this report in order to enable a proper
understanding of the accounts lo be reached.
Sarah Shearer FCA
Member of the Insts'lute of Chartered Accountants England & Walos
Emmaus Chartered Accountants
377-399 London Road
cam￿deY
Surrey
GU15 3HL
Dale=
ZoL(
Page 5

LUAM KENDALL'S CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING IhlCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARGH 2025
Pemianenl Restricted
End¢)wment
FurKIs
2025
2025
Totsl Pemian￿t Restricted
Funds Endowment
Funds
2025
2024
2024
Total
Funds
2024
Note
INCOME AND ENDOWME1￿$ FROM..
Inve5tmen15
171,641
171,641
164,266
164,266
Total income and endowments
171,841
171.641
1M266
164,266
EXPENDITURE ON:
Portfolh) management fe8S
Grants
Recharged costs
Governanc9 costs
other
Exchange rale variance
36,481
36,481
68.885
36.279
2,910
120
16.5121
31,876
31,876
79,201
37.714
2,748
121
1,694
68,885
36,279
2,910
120
79,201
37,714
2.748
121
(6,512)
1,694
Total expenditur•
Net galnsl{10ssesl on Investments
29,969
108,194
138.163
33.FlO
119,784
153,354
20,422
20.422
811,895
811.895
Net movement In tunds
9,S471
63A47
S3.900
778,326
44A82
822,807
Reconciliation of funds:
Total funds bioughl forward
5,941.289
418.545 6,359,834 5.162,965
374,062 5.537,028
Totsl lunds carried fonvard
5,931,742
481,992 6,413,734 5.941.289
418,545 6.359,834
Th8 notes on page 8-14 fcffii part of these accounts.
Page 6

WILLIAM KENDALL'S CHARITY
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
FIXED ASSETS
Invsslments
11
6.118.779
6,118,779
6,029,702
6.029,702
CURRENT ASSETS
Debtors
Cash at bank and in hand
12
29,892
267,870
110,151
222,￿3
297,763
333.OS4
CREDITORS: Amounts falling
due wlthin one ygar
13
12.8081
(2,922)
Net current ass•ts I Illabilitlos)
294,955
330.132
Total asSOts168s current liabilities
6.413.734
6.359,834
TOTAL NET ASSETS
6.413.734
6,359.834
FUND BALANCES
Permanent Endowment fund
RestrKted Income funds
14
5,931,742
481,992
6A13.734
5,941,289
478,545
6.359.834
The financid statements were approved by the Trustees on
025 and were signed on their behalf by=
nda Marston-weston
Master
Mr lan Appleton
Uppor Warden
The notes on page 8-14 form part of these aecounls.
Paga 7

LUAM KENDALL'S CHARI
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
1 Statutory Infomiation
William Kendaifs Charity is a charty registered in England and Wales wth The Charities Commission.
Detail$ of rt$ registered number and address ale shown in the Trustees Report, pago 2.
2 Ac￿UntIng Pollclgs
The prrncipal accounting policth whi¢h are adopted consistently in the preparatN)n of the finanelal
statements are set out below.
al Ba818 01 accounting
The finaneial statements have been prepared under the historical cost wnvenlion wth rtem5 recognised
at cost or transaction valua unless othe￿Ise staled in the relevant notes to these financial s18lemenl9.
The financial Statements have been prepared in accordance wrth the Financial Repo￿.ng Standard 102
IFRS 102 published March 2018- effective 1 Jan 20191 and the Charities Stslement of Recommended
Practice (char￿e5 SORP IFRS 1021 second edi1Son published October 20191.
Willpm Kendall's Charity meets the dafinitic￿ of a public benefit entty under FRS 102.
bl Flnaneial reporting standard 102- reduced disGlosuro exemptlons
The charity has taken advantage of the followng disclosure exemption in preparing these financial
stslemenls, as permitted by FRS 102 The F+nancial Reporting Standard wpluble in the UK and
Republic of Ireland,:
- the rèquirement$ of Section 7 Statement of Cash Flows
c) Income
Investment income relate510 dividends on listed shares and is recognised upon antillemenl. Income
from legacies is recognised when a dislrii)ulion is received from the estate or, rf earlier, when the charity
has been notified that a distribution will be mada and the amount receivable can be measured rejiabty.
Olher incc¥ne is reco9nised upon ent￿ernent.
Incoming resources are allocated to funds in th8 proportions laid down in the Trust Scheme.
dl Expendllure
Expenditure is recognised once there is a legal or constructive obligation lo make a payment lo a third
party, it is probabl8 that Settlement wll be required and the amount of the obligation can be measured
reliably.
Allocatlon of expenditure
Expenditure 1$ accounted for on an aceruals basis and allocated to the rel8vant aclivily. Where an
expense reLqtes to M¢)￿ than one activity il is apport￿ned on an appropriate basis as detailed in the
support cost noto.
Grants offered subject to condit￿nS which have not been m9t at the year end date are noted as a
commitmént but not accrued as expenditure.
e} Investments
Investrments are included al fair value at the Balance Sheet date.
Page 8

WILLIAM KENDALL'S CHARrrY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
fj Debtors
Atl debtors are incfuded at the 58ttlemont amount due. Prepay7nents are vdued al the amount prepaid
nel of any trade discounts due.
gl Gash and tash equlvalents
Cash and cash equivalents include cash in hand, d8posit$ heid at call wlh banks, other short-term
IiquKI inveslmenls with ortginal maturitias of three months or less, and bank overdrafts.
h) Creditors and provlsions
Creditors and provisions are recognised where the charity has a present d)ligation arising from a past
event that will probabty result in the transfer of funds to a third party and the amount due lo setUe the
r*JlKJalion can be measured or eslimaled reliably. Creditors and provisions are recognised al their
selllemonl amount after allowing for any trade discounts due.
i} Flnancial instrum•nts
The charity only has ffinan¢kl1 assets and liabi1it1gs of a kind that qualfy as basic financial instruments.
The listed investments which are shares held in an inveslment portfolio are recognyzed al their fair
value. All other basic financial instruments are ini118lly recognised al transeLtion value and
subsequently measur￿1 81 their Settlement value.
JI VAT
The ¢harity is not registered for VAT and aecordingly expenditure ineludes VAT where appropriate.
k> Taxation
The charity is exanpt from lax on ils charitablè activities.
11 Golng Concern
The Tn￿lee$ GonsKler that there are no materi￿ uncertainties about the charity's ability lo continue as a
going concern.
ml Fund accountlng
- Pemianenl endowment fund8 are those funds ¥vhlch are retoine(I for the futur8 b&nefil of the charity's
beneficiarie8. Income deriving from these funds is 4)plied as r4uir8d by the Twsl Scheme.
Restn"cted incorne funds are those funds that have to be 4)plied in accordance with the w8hes of a
donor or the proportion5 laid out in the Trust Scheme.
- Furthar expl*)ation of the nature and purpose of e￿h furKI 18 included in the notes to the financial
statements.
n) Key esllmates and judg8monts
The Trustees feel t￿re were no judgemants or estimates made in the process of applwng the
accounting policie5 that had a significant effect on the amounts recognized in the financial stslement.
Page 9

WILLIAM KENDALL'S CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
3 Investment Income
2025
2024
Listed investments
Interest receivabl8
169,487
2,154
171,641
161,649
2,617
164 266
4 Ralglng funds
2025
2024
Investment managament ¢osts
Portfolio management
36 481
36.481
31.876
31876
S Grants payable
Bexley
Fund
Gr8at¢r Persons in
London Need Fund
Fund
Totsl
2025
Total
2024
BVSC Various
Trinilas Sl Paul$
Trinilas Acadèmy Trust
Outward Bound Trust
Guildhall School of MUS￿ & Drama
City of London School
Crown and Manor Boys Club
The Federation of London - Lon(kJn Youth
Tenebrae Choir
Lord Mayorfs Appoat
The Ringing Workl
Slepney Farm
Chrisvs Hospttal Sch¢JoI
JUSB
Jubiiee Primary Sch¢￿1
St Paul's (Slade Greenl Primary School
Carmelrte Monastery
LE Hocking
20,563
20,563
10.000
10,000
6.400
5,550
5,122
5,000
3,000
2,000
1.000
250
22,897
10,000
10.000
3.000
6,132
5,550
5,250
4.000
6,400
5,5SO
5.122
s,coo
3.000
2,000
1.000
1,000
250
10,000
5,122
5,000
5,000
5,000
1,000
250
79,201
19.322
88.885
6 R•charyad •xpon$8s
2025
2024
Staff costs
Trustees insurance
36,000
279
36 279
37,450
264
37.714
Stsff costs and Trustees insurance are administration costs recharged by The Worshipful Company of
Wax Chandlers. See note 16.
Page 10

WILLIAM KENDALL'S CHARrrY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
7 Govemance costs
2025
2024
Independenl Examiner's fee
2,910
2,910
2,748
2748
Sundry costs
2025
2024
Bank charges
120
120
121
121
9 Trustees remungration and axpensgs
There were no trustees, r9muneration or other b8nefrts for the year ended 31 March 2025 nor for the
year end8d 31 March 2024.
There were no tnjstees, expenses reimbursed for the year ended 31 March 2025 nor for th8 year ended
31 Mareh 2024.
10 Staff costs
Staff costs Comprise administration costs recharged by The Worshipful Company of Wax Chandler8.
See note 16. Key management personnel comprises only the truslges, none cl whom were
remunerated. No employees rec￿vad emdument5 in excess of £60,000.
11 Fixed Asset Investments
2025
2024
Listed lnV￿tm•nts
Fair value at 1 April 2024
Fees charged
ItKome re-invested
Movement in unrealised gainslllctysesl
Movement in exchange rate
Fair valuo at 31 March 2025
6.029.702
(38,481)
98,624
20,422
5,251.171
131,8761
206
811,895
1,694
6118779
The asset albcalKJn %Mthin investmpnts was as follm..
2025
2024
UK Holdings
Overseas Holdings
2.857,470
3 261309
2,508,356
02
No IKsldings comprise more than 5% of the investment portfol￿ in 2025 and 2024.
12 D8btors
2025
2024
other debtors and prepayments
29.892
29.892
110,151
110151
Page11

WILLIAM KENDALL'S CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
13 Crodltovs: liabilitim falling due withln one year
2025
2024
Trade eredilor$
Accruals
264
2,658
2922
2,808
14 Funds
The End¢Jvmenl fund represents th¢)se assets which must ba permanenlty held by the Charity.
principalty financial investments. Income arising on the Endowment fvnd can be used in accordance
th the objeels of the chari(y and is irKluded as reslricled income. Any capital gains or k)sses arising
on the investment forms part of the fund. Investment management charges relating lo the fund are
charged against the End¢xvmgnl funds.
Restri￿ed funds musl bg used for the specffic purposo la￿ down by the donor. Expenditure which
meets that purkX)se is allocaled to the relevant roslricted fund.
Specifical￿.
- The Greater London Fund- One ha￿ of the nel income of the charity is available for the relief in need
of inhabitants of Greater London who are in Conditions of need. hardship or distress wth a preference
fu inhabitsnls of The City of London.
Bexley Fund - One quarter of the nel income of th& charity is avail*)le for charitable purposes for lh&
general benefit of the inhabitants of the London Bor¢ugh of Bexley.
- Persons in Need Fund - One quarter of tho net incixne of Ihg charity is available for the relief in need
of person5 who are in conditions of need. hardship or distress. with a preference for Wax Chandlers,
Company members. their dependents, and f0rn7er employees of the Company.
Movement tn funds
At 01.04.24
Net At 31.03.25
Movement
in funds
Restricted funds
Pemianent EndowTnent Fund
Bexley Fund
Greater London Fund
Persons In Need Fund
5.941,289
13,780
289,284
115,499
19,54n 5,931,742
12,520
26,300
37,166
326,430
13.761
129,261
TOTAL FUNDS
6 359 834
53900 6413734
During the year tho movoments In the ¢harlty'8 funds were a$ followa:
I￿ornIng Outgoing
reSour￿S
resources
Gain8 and
Isses
Funds
transfor
Mov8ment
in funds
Re8trlctad funds
Permanent Endowment Fund
Baxléy Fund
Greater London Fund
Persons In Need Fund
6,512
42,910
85,820
42,910
138,481}
130,3901
{48,6541
129,149}
20.422
19,5471
12,520
37,166
13,761
TOTAL FUNDS
178 153
20.422
Page 12

WILUAM KENDALL'S CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2026
CompaTativ•s for movement In funds
At 01.04.23
Nel At 31.03.24
movement
in funds
R&stricted funds
Pemianent Endowment Fund
Bgxley Fund
Greater London Fund
Pefsons In Need Fund
5,162,964
35,756
237,805
100,500
TT8.325 5,941,289
(21,9761
13,780
51,460
289,264
14,999
115,499
TOTAL FUNDS
5 537 026
822 807 6 359 834
Comparative net movement in funds, Included In tho above are a$ followg..
Incoming Outgoing
resources resources
Gain8 arKI
losses
Funds
transfer
Movement
in funds
Restrlcted funds
Pernianent Endovrfnent Fund
Bexley Fund
Giealer Lot7don Fund
Person8 In Need Fund
TOTAL FUNDS
{33,570)
143,043)
150,6731
26,068
1 53.354
811,895
778,325
{21.9781
51,460
14,999
822 807
41,067
82,133
41,067
(20,000}
20,000
811895
During tho year ended 31 m?￿h 2024, £20.000 was Iran3ferred from the Bexley Fund to the Greater
London Fund. Thi$ transfer is lo cover grants issued to St Paul'8 (Slade Greenl Primary School and
Jubilee Primary School during the year ended 31 March 2023 and year ended 31 March 2022 which
had been paid from the G￿Ster London Fund in errol.
15 Anatysls offunds
Pemanenl
End¢)wment
Fund
Bexley
Fund
Greater
London
Fund
Persons
In Neod
Fund
Tot
At 31-0>25
Investments
Nel Current assets
5.931,742
46,759
73,739
93,518
147,477
240.9g6
46,7S9 6.118,779
73,739
294.955
120.498 6 413 734
5 931742
Pemianenl
Endowrnant
Fund
Bexley
Fund
Greater
London
Fund
Persons
In Need
Fund
Total
Al 314)>24
Inve$tmenl8
Nel Gu￿ent assets
5,941,289
22,103
82,533
44,206
165.066
209 272
22,103 6,029.702
82,533
330,132
104 636 6.359 834
5 941289
Page 13

LLIAM KENDALL'S CHARITY
NOTE8 TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2026
16 Ralated party disclosures
The Worshipful Company of Wax Chandlers 1$ the sole Trustee of the Charity and appoints tha person8
who act as the Trustees of the Charty. The Charity sharas accommod8tion and certain costs wlh The
Worshipful Company of Wax Chandlers.
During the year, £36,279 {2024'. £37,714) was recharged to the Charity by The Worshipful Company of
Wax Chandlers in this respect. Al 31 March 2025 the Charty owed th& Company £nil12024.' £2641.
During the year ending 31 March 2023. the Charty loaned £100,OCQ to the Company. At 31 March
2025 the Company owed £29.633 (2024.. £65,331) to the Charty.
17 Connected parti
The Charty has a common Trustee and $haTes accommodation with the Wax Chandlers Charitable
Trust. Al 31 March 2025 the Charrty owed £nil12024'. £nil) lo the Wax Chandlers Charitable Tnjsl.
18 Grant Commltments
The Charty Committee made a long tem) gfant eommitmonl from the Person$ in Need Fund to Christ,
Hospital School for a sludenl bursary of £35,000 over a 7 year p8riod. The third trancho of this grant
was paid out during 31 Mareh 2025 and the amount paid was £5,122. The commitment will be
completed in the year ended 31 March 2028.
Charity Committee mad& a grant commitmont of £10,000 from The Bexley Fund to Jubilee Primary
School and St. Paul's (Slade Green) Primary School for the next three years.
19 Flnanclal Instruments
2025
2024
Financial Inslnjmenl al Fair
Value
6,118,779 6,029,702
The Fair Value of the listed invesknents 1$ deriv&J from the market price of the relevant shares as al the
year end. For furthar informathjn, see Note 11 of th¢ accounts.
Page 14

WILUAM KENDALL'S CHARITY
D￿AlLED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025
31.03.2025 31.03.2024
INCOME AND ENDOWMEfrrrs
Investment income
Other investment income
Loan interest recewed
Bank interest received
169,487
581
1.573
161,649
1,281
1,336
Total Incoming resourc
171,841
164.266
EXPENDITURE
Inv0Stmont management costs
Portfolio management
36,481
31,8Y6
cha￿able attivitles
Grants
staff ￿sts
Trustees insurance
68,885
36,000
279
79,201
37.450
264
Governance costs
Accountancy fees
2,910
2,748
Other
Bank charggs
Exchange rate vwnce
120
16,5121
121
1,694
Total resources exponded
138,163
153,354
N8t Incom￿{exP9nd[tUrO) before galns and losse8
33.478
10,912
Net incomellexpenditurel
33.478
10.912
Thi5 page does not form part of tho Stat￿Ory financial statements.
Pag& 18