2023-04-05-accounts

			Page
Reference and adminisfrative		details ofthe Charity, its Trustee and advisers
Trustee's report			2-6
Independent auditors'	report	on the financial statements	7-10
Statement offinancial	activities
Balance sheet			12
Statement ofcash flows			13
Notes to the financial	statements		14-30

Trustee		The Worshipful	Company	Company	ofTallow Chandlers
Charity registered
number		246255
Principal office		Tallow Chandlers'		Hall
		4 Dowgate Hill
		London
		EC4R 2SH
Independent	auditors	Kreslon Reeves	LLP
		Chartered Accountants
		Springfield House
		Springfield Road
		Horsham
		West Sussex
		RH12 2RG
Bankers		Coutls &Co
		440 Strand
		London
		WC2R OQS
Investment	managers	Quilter Cheviot	Limited
		Senator House
		85 Queen Victoria		Street
		London
		EC4V 4AB

for the year en	de	d	5 April	2023
						Restricted	Designated	Total	Total
						funds	funds	funds	funds
					Note	2023 6	2023 f	2023 6	2022 E
Income from:
Donations and	legacies				4	35,802	520,047	555,849	705,310
Investments					5		357,471	357,471	325,499
Total income						35,802	877,518	913,320	1,030,809
Expenditure on:
Raising funds							70,135	70,135	67,757
Charitable activities							548,522	548,522	996,326
Total expenditure							618,657	618,657	1,064,083
Net income/(expenditure)				before net
(losses)/gains		on investments				35,802	258,861	294,663	(33,274)
Net (losses)/gains			on investments				(1,311,639)	(1,311,639)	967,416
Total transfers
Net movement	in		funds			35,802	(1,052,778)	(1,016,976)	934,142
Reconciliation	of		funds:
Total funds brought			forward			(53,724)	12,474,862	12,421,138	11,486,996
Net movement	in	funds				35,802	(1,052,778)	(1,016,976)	934,142
Total funds carried forward						(17,922)	11,422,084	11,404,162	12,421,138

Balance sheet as at 5April 2023
				2023		2022
		Note		8
Fixed assets
Investments		12		11,322,966		12,408,503
				11,322,966		12,408,503
Current assets
Debtors		13	179,735		330,666
Cash at bank and in hand			248,824		88,788
			428,559		419,454
Creditors: amounts	falling due within one
year		14	(232,026)		(307,819)
Net current assets				196,533		111,635
Total assets less current liabilities				11,519,499		12,520,138
Creditors: amounts	falling due after more
than one year		15		(115,337)		(99,000)
Net assets				11,404,162		12,421,138
7'otal net assets				11,404,162		12,421,138
Charity funds
Restricted funds		17		(17,922)		(53,724)
Unrestricted funds		17		11,422,084		12,474,862
Total funds				11,404,162		12,421,138

Statement ofcash flows forthe year ended 5April	2023
			2023	2022
				6
Cash flows from operating	activities
Net cash used in operating	activities		28,667	(585,438)
Cash flows from investing	activities
Dividends, interests and rents from investments			357,471	325,499
Proceeds from sale ofinvestments			1,304,168	932,899
Purchase ofinvestments			(978,232)	(1,294,196)
Net cash provided by/(used in) investing		activities	683,407	(35,798)
Change in cash and cash	equivalents in	the year	712,074	(621,236)
Cash and cash equivalents	at the beginning	ofthe year	118,079	739315
Cash and cash equivalents	at the end of	the year	830,153	118,079
The notes on pages 14to 30form part ofthese financial statements

					Restricted	Designated	Total
					funds	funds	funds
					2023	2023	2023
					6	6	5
Donations from Liverymen	and	Freemen	(including	tax
recoveries)						111,723	111,723
Other donations					35,802	293,403	329,205
Donation from The Worshipful		Company	of Tallow	Chandlers		114,921	114,921
Total 2023					35,802	520,047	555,849
					Restricted	Designated	Total
					funds	funds	funds
					2022 f	2022 5	2022 f
Donations
Donations from Liverymen	and	Freemen	(including	tax
recoveries)						111,134	111,134
Other donations					177,679	39,030	216,709
Donation from The Worshipful		Company	ofTallow	Chandlers	237,207	140,260	377,467
Total donations					414,886	290,424	705,310
Total 2022					414,886	290,424	705,310

	Designated	Total
	funds	funds
	2023	2023f
Dividends	322,963	322,963
Interest	34,508	34,508
Total 2023	357,471	357,471
	Designated	Total
	funds	funds
	2022	2022
	5	8
Dividends	305,352	305,352
Interest	20,147	20,147
Total 2022	325,499	325,499

			Designated	Total
			funds	funds
			2023	2023
			6	R
Investment	management	costs	48,170	48,170
Support costs - raising		funds	21,965	21,965
Total 2023			70,135	70,135
			Designated	Total
			funds	funds
			2022	2022
				8
Investment	management	costs	48,851	48,851
Support costs - raising		funds	18,906	18,906
Total 2022			67,757	67,757
Analysis	ofsupport costs

		Designated	Total
		funds	funds
		2023f	2023 R
Staff costs		15,531	15,531
Office costs		3,217	3,217
Premises costs		3,057	3,057
Professional	costs	160	160
Total 2023		21,965	21,965
		Designated	Total
		funds	funds
		2022 8	2022f
Staff costs		13,860	13,860
Office costs		2,794	2,794
Premises costs		2,099	2,099
Professional	costs	153	153
Total 2022		18,906	18,906

							Grants to	Total
							Institutions	funds
							2023	2023
								6
Grant funding							393,967	393,967
							Grants to	Total
							Institutions	funds
							2022f	2022
Grant funding							866,377	866,377
Analysis	ofgrants
						Restricted	Designated	Total
						funds	funds	funds
						2023	2023	2023
						6	6	6
Grants paid		to institutions	in the current year			62,974	350,426	413,400
Awards							5,893	5,893
Payments	to institutions		supporting		the poor and pensioners
connected		with the Tallow		Trade			700	700
Movement		in grant creditor				(62,974)	36,948	(26,026)
Total 2023							393,967	393,967
						Restricted	Designated	Total
						funds	funds	funds
						2022	2022	2022
								F
Grants paid to institutions				in the current year		666,893	365,747	1,032,640
Awards							6,593	6,593
Payments	to institutions		supporting		the poor and pensioners
connected		with the Tallow		Trade			700	700
Movement		in grant creditor				(195,443)	21,887	(173,556)
Total202	2					471,450	394,927	866,377

			Grants to	Total
			Institutions	funds
			2023	2023
				8
The Halley Academy			92,974	92,974
Cubitt Town Junior School			45,070	45,070
Greig City Academy			39,500	39,500
Bart's 8 Royal London School o fMedicine			22,500	22,500
St Paul's Cathedral Chorister Tr		ust and Friends ofSt Paul's Cathedral	11,837	11,837
It's Your Life			10,800	10,800
London Wildlife Trust			10,000	10,000
Into University			10,000	10,000
Blossoms London			8,400	8,400
Reed's School			8,000	8,000
City of London School for Girls			8,000	8,000
Guildhall School Trust			8,000	8,000
City of London Volunteer	Police	Cadets	7,500	7,500
The Poppy Factory			7,000	7,000
Manchester University			6,600	6,600
Bankside Open Spaces	Trust		6,500	6,500
First Aid Nursing Yeomanry			6,000	6,000
King Edward's School			6,000	6,000
Lord Mayor's Appeal			5,000	5,000
Kids Space			5,000	5,000
London Youth Choir			5,000	5,000
TalentEd			5,000	5,000
Batemans Trust			5,000	5,000
CPotential Trust			5,000	5,000
Highlights			5,000	5,000
North London Hill Club			5,000	5,000
FOSFA			5,000	5,000
London's Air Ambulance			4,425	4,425
Clean Break Theatre Company			4,000	4,000
London Symphony Orchestra			4,000	4,000
Switch			4,000	4,000
Ellen McArthur Cancer Trust			3,294	3,294
Cherry Trees			3,000	3,000
The Creative Dimension	Trust		3,000	3,000
Ahoy Centre			3,000	3,000
Helping Disabilities			3,000	3,000
Turkey Syria Disaster			2,500	2,500
Future Frontiers			2,000	2,000

to the financial statements year ended 5 April 2023
Analysis ofgrants (continued)
Sheriffs and Recorders Fund	2,000	2,000
Miracles	2,000	2,000
Believe UK	2,000	2,000
Girls Friendly Society	2,000	2,000
Plafform Cricket TH Youth Support	2,000	2,000
Youth Futures	2,000	2,000
Homers Company Science Open Doors	1,400	1,400
Level Water	1,000	1,000
British Red Cross Ukraine appeal	1,000	1,000
Grants ofless than F1,000 were made totalling	2,100	2,100
Total2023	413,400	413,400

		Designated
		funds	Total
		2023	2023
		8	6
Grant funding		537,582	537,582
Support costs		10,940	10,940
		548,522	548,522
	Restricted	Designated
	funds	funds	Total
	2022	2022 f	2022 f
Grant funding	471,450	517,088	986,538
Support costs		7,788	7,788
	471,450	524,876	996,326

		Grant	Support	Total
		funding	costs	funds
		2023	2023	2023
			6
Grant funding		393,967	143,615	537,582
Governance	costs		10,940	10,940
Total 2023		393,967	154,555	548,522
		Grant
		funding of	Support	Total
		activities	costs	funds
		2022f	2022f	2022f
Grant funding		866,377	122,161	988,538
Governance	costs		7,788	7,788
Total 2022		866,377	129,949	996,326
Analysis of	support costs
			Total	Total
			funds	funds
			2023f	2022 F
Staff costs			115,430	104,768
Office costs			3,217	2,794
Premises costs			9,171	6,296
Other costs			15,316	7,843
Professional	costs		481	460
Governance	costs		10,940	7,788
Total 2023			154,555	129,949

						2023	2022
							6
Fees payable	to the Charity's	auditor		for the audit ofthe Charity's	annual
accounts						10,260	7,128
Fees payable	to the Charity's	auditor		in respect of:
All non-audit	services not included		above			660	660

	Listed	Cash for re-
	investments f	investment 6	Total
Cost or valuation
At 6 April 2022	12,379,212	29,291	12,408,503
Additions	978,232	552,038	1,530,270
Disposals	(1,304,168)		(1,304,168)
Revaluations	(1,311,639)		(1,311,639)
At 5 April 2023	10,741,637	581,329	11,322,966

		2023	2022f
Due within one year
Other debtors		170,734	324,082
Income tax recoverable	(gift aid)	9,001	6,584
		179,735	330,666

		2023	2022
		6
Other creditors		20,762	56,564
Accruals and deferred	income	11,000	8,628
Grant commitments		200,264	242,627
		232,026	307,819

2023f	2022
115,337	99,000

				Under one	Over one	Total
				year	year	funds
				2023	2023	2023
Grant commitments		brought	forward	242,626	99,000	341,626
New commitments		entered	into in year	278,631	115,337	393,968
Grants paid	during	year		(419,993)		(419,993)
Commitments	now	due within one year		99,000	(99,000)
Total 2023				200,264	115,337	315,601
				Under one	Over one	Total
				year	year	funds
				2022	2022	2022
				6	5	F
Grant commitments		brought	forward	444,358	70,825	515,183
New commitments		entered	into in year	767,376	99,000	866,376
Grants paid	during	year		(1,039,933)		(1,039,933)
Commitments	now	due within one year		70,825	(70,825)
Total2022				242,626	99,000	341,626

			Balance at 6			Gains/	Balance at 5
			April 2022	Income	Expenditure	(Losses)	April 2023
			E	E	E	E	E
Unrestricted		funds
Designated		funds	12,4'74,862	877,518	(618,657)	(1,311,639)	11,422,084
Restricted	funds
Restricted	fund - FOSFA		2,840				2,840
Restricted	fund - The Halley
Academy			(56,564)	35,802			(20,762)
			(53,724)	35,802			(17,922)
Total offunds			12,421,138	913,320	(618,657)	(1,311,639)	11,404,162
Statement	offunds - prior year
			Balance at			Gains/	Balance at
			6 April 2021	Income	Expenditure	(Losses)	5Apdl 2022
			E	E	E	E	E
Unrestricted		funds
Designated		funds	11,484,156	615,923	(592,633)	967,416	12,474,862
			Balance at			Gains/	Balance at
			6 April 2021	Income	Expenditure	(Losses)	5April 2022
			E		E		E
Restricted		funds
Restricted	fund - FOSFA		2,840				2,840
Restricted	fund - The Halley
Academy				414,886	(471,450)		(56,564)
			2,840	414,886	(471,450)		(53,724)
Total offunds			11,486,996	1,030,809	(1,064,083)	967,416	12,421,138

Analysis of n	et assets between funds - current year
		Restricted	Designated	Total
		funds	funds	funds
		2023	2023	2023
			6	6
Fixed asset investments			11,322,966	11,322,966
Current assets		125,934	302,625	428,559
Creditors due	within one year	(143,856)	(88,170)	(232,026)
Creditors due	in more than one year		(115,337)	(115,337)
Total		(17,922)	11,422,084	11,404,162
Analysis of net assets between funds - prior year
		Restricted	Designated	Total
		funds	funds	funds
		2022 8	2022 5	2022f
Fixed asset investments			12,408,503	12,408,503
Current assets		193,968	225,486	419,454
Creditors due	within one year	(247,692)	(60,127)	(307,819)
Creditors due	in more than one year		(99,000)	(99,000)
l		(53,724)	12,474,862	12,421,138

					2023f	2022
Nei income/expenditure		for the year (as per		Statement of Financial
Activities)					(1,016,976)	934,142
Adjustments for:
Gains on investments					1,311,639	(967,416)
Dividends and interest		from investments			(357,471)	(325,499)
Decrease/(increase)	in	debtors			150,931	(110,621)
Increase/(decrease)	in	creditors			(59,456)	(116,044)
Net cash provided	by/(used		in) operating	activities	28,667	(585,438)