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2022-07-31-accounts

Page
REPORTOFTHETRUSTEE 1-9
REFERENCEANDADMINISTRATIVEDETAILS 10
STATEMENTOFTRUSTEE'SRESPONSIBILITIES 11
INDEPENDENTAUDITOR'SREPORT 12-14
STATEMENTOFFINANCIALACTIVITIES 15
BALANCESHEET 16
CASHFLOWSTATEMENT 17
NOTESTOTHEACCOUNTS 18-29

#ofgrants
GrantsbyTheme 2022Value awarded
Arts £28,500I 9
Churches £37,800I 16
Disability £54,321I 16
Education £311,912 21
Elderly £38,495 9
Environment £45,000 11
Health £161,907 28
Heritage £6,000I 2
Military £26,000I 6
Poverty £213,182 30
Youth £100,528 24
£1,023,645 172

CHARITY 255230
REGISTRATION
NUMBER:
TRUSTEE: TheGrocers'TrustCompanyLimited
SETTLOR: TheGrocers'Company
SECRETARYTOTHE BrigadierGrevilleBibbyCBE
TRUSTEE:
CHARITYMANAGER: MsMichelleMolyneux
PRINCIPALOFFICE: Grocers'Hall
PrincesStreet
London
EC2R8AD
AUDITOR: BuzzacottLLP
130WoodStreet
London
EC2V6DL
BANKER: BankofScotlandplc
25GreshamStreet
London
EC2V7HN
INVESTMENT RathboneNomineesLimited
CUSTODIANS PortofLiverpoolBuilding
PierHead
Liverpool
L31NW
(From1stJuly2021)
INVESTMENT RathboneInvestmentManagementLimited
MANAGER: 8FinsburyCircus
London
EC2M7AZ
(from1stMay2021)
SOLICITORS: CharlesRussellSpeechlysLLP
5FleetPlace
London
EC4M7RD

Permanent Expendable
Endowment Endowment Restricted Unrestricted TotalFunds TotalFunds
Funds
Funds
Funds Funds 2022 2021
Note £ £ £ £ £
Income
and
endowments
from:
Donationsandlegacies 180,774 137,076 317,850 6,330,908
Investments - 34,481
653,067
687,548 470,589
Totalincome - 215,255 790,143 1,005,398 6,801,497
Expenditureon:
Raisingfunds
Fundraisingexpenses 31,271 31,271
1,518
Investmentmanagerfees 45,355
50,853
1,818 98,026 7,800
Expenditure
on
charitable
activities
Grant-making 4,5,6 180 224,890 888,754 1,113,824 957,445
Totalexpenditure 45,535
50,853
256,161
890,572
1,243,121
966,763
Net(expenditure)/income
beforeinvestmentgainsand
losses (45,535)
(50,853)
(40,906) (100,429)
(237,723)
5,834,734
Net(losses)/gainson
investments (1,175,827) (1,300,423) (106,725) (2,582,975) 6,675,460
NET(EXPENDITURE)/INCOME (1,221,362) (1,351,276) (40,906) (207,154) (2,820,698) 12,510,194
Transfersbetweenfunds 12 995 (995)
NETMOVEMENTINFUNDS (1,221,362) (1,351,276) (39,911) (208,149) (2,820,698) 12,510,194
Balancesbroughtforward
atbeginningofyear 17,132,836 19,204,763 121,466 688,492 37,147,557 24,637,363
Balancescarriedforwardat 10,11,
endofyear 12 15,911,474 17,853,487 81,555 480,343 £34,326,859 £37,147,557

Permanent Expendable
Endowment Endowment Restricted Unrestricted TotalFunds TotalFunds
Funds Funds Funds Funds 2022 2021
Note £ £ £ £ £ £
FIXEDASSETS
Investments 7 15,849,512 17,528,990 596,010 33,974,512 36,449,560
15,849,512 17,528,990 596,010 33,974,512 36,449,560
CURRENTASSETS
Debtors 8 4,822 4,822 58,096
Cashatbank 65,678 328,670 81,555 (111,476) 364,427 658402
65,678 328,670 81,555 (106,654) 369,249 716,198
CURRENTLIABILITIES
Creditors 9 (3,716) (4,173) (9,013) (16,902) (18,201)
NETCURRENTASSETS/
(LIABILITIES) 61,962 324,497 81,555 (115,667) 352,347 697,997
TOTAL
ASSETS
LESS
CURRENTLIABILITIES 15,911,474 17,853,487 81,555 480,343 £34,326,859 £37,147,557
Note 10 11 12

2022 2021
£ £
Cashflowsfromoperatingactivities:
Netcashusedinoperatingactivities (873,262) (695,229)
Cashflowsfrominvestingactivities:
Dividendsandinterest 687,514 422,163
Proceedsfromthesalesoffinancialinvestments 16,417,356 30,530,251
Purchaseoffinancialinvestments (17,795,389) (27,986,859)
Netcash(usedin)/providedbyinvestingactivities (690,519) 2,965,555
Changeincashandcashequivalentsinthereportingperiod £(1,563,781) £2,270,326
Changeincashandcashequivalentsinthereportingperiod (1,563,781) 2,270,326
Cashatthebeginningofthereportingperiod 2,512,482 242,156
Exchangedifferencesoninvestmentcash 70,954
Cashandcashequivalentsattheendofthereportingperiod £1,019,655 £2,512,482
Reconciliationofnet(expenditure)/incometooperating
cashflows
Net(expenditure)/incomefortheyear (2,820,698) 12,510,194
Adjustmentsfor:
Dividendsandinterest (687,514) (422,163)
Donationofinvestments (6,108,283)
Losses/(gains)oninvestments 2,582,975 (6,675,460)
Decrease/(increase)indebtors 53,274 (10,108)
(Decrease)/increaseincreditors (1,299) 10,591
Netcashusedinoperatingactivities £(873,262) £(695,229)
1August Cashflows Othernon- 31July2022
2021 £ cash £
£ movements
£
Cashatbankandinhand 658,102 (293,675) 364,427
Cashheldbyinvestmentmanagers 1,854,380 (1,270,106) 70,954 655,228
Totalcashandcashequivalents 2,512,482 (1,563,781) 70,954 1,019,655

Permanent Expendable
Endowment Endowment Restricted Unrestricted TotalFunds
Funds Funds Funds Funds 2021
Note f f f f
Income
and
endowments
from:
Donationsandlegacies 6,018,779 123,877 188,252 6,330,908
Investments 28,246 442,343 470,589
Totalincome -
6,018,779
152,123 630,595 6,801,497
Expenditureon:
Raisingfunds
Fundraisingexpenses 1,518 1,518
Investmentmanagerfees 3,659
4,046
95
7,800
Expenditure
on
charitable
activities
Grant-making 4,5,6 121 99,563 857,761
957,445
Totalexpenditure 3,780
4,046
101,081 857,856
966,763
Net(expenditure)/income
beforeinvestmentgainsand
losses (3,780)
6,014,733
51,042 (227,261)
5,834,734
Netgains/(losses)on
investments 3,464,568
3,030,028
180,864 6,675,460
NETINCOME/(EXPENDITURE) 3,460,788
9,044,761
51,042 (46,397) 12,510,194
Transfersbetweenfunds 12 6,128 (6,128)
NETMOVEMENTINFUNDS 3,460,788
9,044,761
57,170 (52,525) 12,510,194
Balancesbroughtforward
atbeginningofyear 13,672,048 10,160,002 64,296 741,017 24,637,363
Balancescarriedforward
10,11,
atendofyear 12 17,132,836 19,204,763 121,466 688,492 f37,147,557

Permanent Expendable
Endowment Endowment Restricted Unrestricted TotalFunds
Funds Funds Funds Funds 2021
Note £ £ £ £ £
FIXEDASSETS
Investments 7 17,097,984 18,909,754 441,822 36,449,560
17,097,984 18,909,754 - 441,822 36,449,560
CURRENTASSETS
Debtors 8 3,844 54,252 58,096
Cashatbank 38,511 299,057 121,022 199,512 658,102
38,511 299,057 124,866 253,764 716,198
CURRENTLIABILITIES
Creditors 9 (3,659) (4,048) (3,400) (7,094) (18,201)
NETCURRENTASSETS
34,852 295,009 121,466 246,670 697,997
TOTAL
ASSETS
LESS
CURRENTLIABILITIES 17,132,836 19,204,763 121,466 688,492f37,147,557
Note 10 11 12

Grants Staffand
Payable Governance Total
Costs
£ £ £
Grant-making2022 1,023,645 90,179 £1,113,824
Grant-making2021 875,895 81,550 £957,445
Grantspayableweremadeinthefollowingcategories:
2022 2021
£ £
Education 311,912 288,010
ReliefofPoverty 213,182 99,612
Health 161,908 86,788
Youth 100,528 80,479
Disability 54,320 78,144
Environment 45,000 24,000
TheElderly 38,495 58,840
Churches 37,800 39,800
Arts 28,500 68,770
Military 26,000 31,452
Heritage 6,000 20,000
Total £1,023,645 £875,895

Staffcostsrelatetoonefull-timememberofstaff(2021-1): 2022 2021
£ £
Salaries 49,443 47,088
Socialsecuritycosts 5,755 5,283
Pensioncosts 7,277 6,930
Temporarystaff 14,895 9,282
Otherstaffcosts 4,590 4,562
Total £81,960 £73,145

ERNANCECOSTS
2022 2021
£ £
Auditfees 7,080 7,300
Subscriptions,printingandbankcosts 1,139 1,105
Total £8,219 £8,405
STMENTS
2022 2021
QuotedSecurities £ £
Marketvalue
Atbeginningofyear 34,595,180 24,354,829
Additions 17,795,389 34,095,142
Disposals (16,417,356) (30,530,251)
(Losses)/gains (2,653,929) 6,675,460
Atendofyear 33,319,284 34,595,180
Cashheldbyinvestmentmanagers 655,228 1,854,380
Totalmarketvalueat31stJuly2022 £33,974,512 £36,449,560
Historicalcost
Atendofyear £35,376,787 £33,017,392

TORS
2022 2021
£ £
Incometaxrecoverable 4,789 4,889
Prepaymentsandaccruedinterest 33 53,207
£4,822 £58,096

2022 2021
f f
Accrualsanddeferredincome 15,000 14,800
Othercreditors 1,902 3,401
£16,902 £18,201
MANENTENDOWMENTFUNDS
Balanceasat Expenditure, Balanceasat
1stAugust2021 GainsandLosses 31stJuly2022
£ £ £
Grocers'Company 16,905,529 (1,206,469) 15,699,060
DameMargaretSlaney 206,018 (14,713) 191,305
Mercers'andWaterford 21,289 (180) 21,109
Total £17,132,836 £(1,221,362) £15,911,474
Balanceasat Expenditure, Balanceasat
1stAugust2020 GainsandLosses 31stJuly2021
f f f
Grocers'Company 13,486,289 3,419,240 16,905,529
DameMargaretSlaney 164,350 41,668 206,018
Mercers'andWaterford 21,409 (120) 21,289
Total f13,672,048 f3,460,788 f17,132,836

Balanceasat Income Expenditure, Balanceasat
1stAugust2021 GainsandLosses 31stJuly2022
£ £ £
Grocers'Company 17,554,127 (1,234,720) 16,319,407
Queen'sGolden
JubileeScholarship 1,650,636 - (116,556) 1,534,080
Total £19,204,763 £- £(1,351,276) £17,853,487
Balanceasat GainsandLosses Balanceasat
1stAugust2020 31stJuly2021
f f f
Grocers'Company 8,839,572 6,018,779 2,695,776 17,554,127
Queen'sGolden
JubileeScholarship 1,320,430 - 330,206 1,650,636
Total (10,160,002 f6,018,779 (3,025,982 (19,204,763

Balanceasat Income Expenditure Transfers Balanceas
1stAugust between at31stJuly
2021 funds 2022
£ £
DameMargaretSlaney 1,424 3,826 (5,000) 250
Mercers'andWaterford (800) 800
Queen'sGolden
JubileeScholarship 70,899 30,656 (20,250) 81,305
FundraisingCampaigns
andEvents (857) 138,773 (137,916)
Restricteddonations 50,000 42,000 (92,195) 195
Total f121,466 £215,255 £(256,161) £995 £81,555
Balanceasat Income Expenditure Transfers Balanceas
1stAugust between at31stJuly
2020 funds 2021
£ £ £ £ £
DameMargaretSlaney 2,285 4,139 (5,000) 1,424
Mercers'andWaterford (800) 800
Queen'sGolden
JubileeScholarship 60,292 24,107 (13,500) 70,899
FundraisingCampaigns
andEvents 1,719 8,877 (16,781) 5,328 (857)
Restricteddonations 115,000 (65,000) 50,000
Total £64,296 £152,123 £(101,081) £6,128 £121,466

£34,500
Churches
StMatthew,Highfield(2) £7,000
StMary-le-Bow,Cheapside £5,000
StStephen,Walbrook £3,000
StMichaelandAllAngels,Waterford £2,800
AllHallows,Bromley-by-BowPCC £2,000
AllSaintsChurchPCC,Caldecote £2,000
Awardsunder£2,000(2) £2,000
StBarnabas,HomertonPCC £2,000
StJohntheBaptist,ParishofStone £2,000
StMaryBow&HolyTrinityBowChurch £2,000
StMaryVirgin,NorthillPCC £2,000
StMary'sChurch,Bucknell £2,000
StPeter'sChurch,Ugborough £2,000
St.Ladoca,Ladock £2,000
£37,800
Elderly
AsbestosSupportCentralEngland £5,000
BasingstokeNeighbourcare £5,000
FulhamGoodNeighbourService £5,000
TheAnneRobsonTrust f5,000
TheLippyPeopleCharitableTrust £5,000
LiveMusicNow £4,795
Turner'sHouseTrust £3,200
Omega £3,000
HackneyCaribbeanElderlyOrg. £2,500
£38,495
Environment
TeachtheFuture £6,000
ecobirmingham £5,000
InterClimateTrust £5,000
TheBristolNaturalHistoryConsortium £5,000
TheFrozenArk £5,000
WildThings £5,000
InternationalOtterSurvivalFund £4,500
YoungPeople'sTrust £3,000
WiltsandBerksCanalTrust £2,500
FutureTreesTrust £2,000
ProtectOurWintersUK £2,000
£45,000
Disability
BlindinBusinessTrust £5,000
BrighterOpportunitiesSpecialPeople £5,000
Scope £5,000
TheGoedLife £5,000
TheHydrationFoundation £5,000
TouretteSyndromeAssociation £5,000
Jigsaw(Bury) £4,984
FriendsandPlacesTogether £4,000
TheSensoryPlace £3,500
AdvocacyOrkney £3,000
HeadwayPortsmouth&SEHampshire £2,195
Awardsunder£2,000(5) £6,641
£54,320
Military
BuildingHeroes £5,000
GiveUsTime £5,000
LittleTroopers £5,000
UKVeteransHearingFoundation £5,000
FirstAidNursingYeomanry £3,000
ABFTheSoldiers'Charity £2,000
Awardsunder£2,000(1) £1,000

Health ReliefofPoverty
MQMentalHealthResearch £53,936 TheHouseofStBarnabas £52,026
BritishTinnitusAssociation £5,000 DEC(DisastersEmergencyCommittee) £40,000
CounsellingintheCommunity £5,000 TheKensington&ChelseaFoundation £10,000
DEBRA £5,000 VSO(VoluntaryServicesOverseas) f10,000
DoctorsinDistress £5,000 AspirationsProgramme £5,000
NIDAS £5,000 BramberBakehouse £5,000
OrchidCancerAppeal £5,000 ChristianAction&ResourceEnterprise £5,000
Ovacome £5,000 ContactHostel £5,000
SomethingToLookForwardTo £5,000 GloucestershireBundles £5,000
TeapotTrustSCIO £5,000 Home-StartCambridgeshire £9,058
TheBrainTumourCharity £10,000 MaggsDayCentre £5,000
TheCarlieTufnellCharitableTrust £5,000 StreetPaws £5,000
TheListeningPlace £5,000 TheBigIssueFoundation £5,000
TheLordMayor'sAppeal f5,000 TheCowshed £5,000
TheRosemaryFoundation f5,000 TheMarginsProject £5,000
TheodoraChildren'sCharity £5,000 TheRecruitmentJunction £5,000
WestKentMind £5,000 TheTalentTap £5,000
KidsInspire £4,640 WestonFavellCentreFoodBank £5,000
HOPEforPaediatricEpilepsyLondon £4,386 REFEO £4,900
LittleHeartsMatter £4,000 HospitalityandHope £4,800
ProstateCancerUK £2,550 BournemouthFoodbank £3,500
KingstonSamaritans £2,000 HOHCharitableTrust £3,500
MakingMiracles £2,000 City&MetropolitanWelfareCharity £3,000
Awardsunder£2,000(5) £3,396 ChristChurchSouthampton £2,500
LeightonLinsladeHelpers £2,000
Awardsunder£2,000(4) £2,898
£161,908
Education
OundleSchool £150,000
MossbourneCommunityAcademy £20,000
TheElms(Colwall)Limited £13,310
ImperialCollegeLondon £11,250
StPaul'sCathedralSchool £10,352
City&GuildsofLondonArtSchool(2) £22,500
TheGuildhallSchoolofMusicandDrama £10,000
UniversityCollegeLondon £9,000
CityofLondonFreemen'sSchool(2) £8,000
CityofLondonSchoolforBoys £8,000
CityofLondonSchoolforGirls £8,000
Reed'sSchool £7,500
RoyalCollegeofArt £6,000
ChelseaAcademyFoundation £5,000
HollandParkSchoolTrust £5,000
MansionHouseScholarshipScheme £5,000
UniversitiesCollegesChristian £5,000
UniversityofSt.Andrew's £5,000
City&GuildsofLondonInstitute £3,000
£311,912
TotalGrants £1,023,645
£213,182
Youth
NoGoingBack £10,000
ABandofBrothers £5,000
ArundelCastleCricketFoundation £5,000
BeFreeYoungCarers £5,000
Black&MEYoungPeople'sProject £5,000
CAFLO £5,000
MarkEvisonFoundation £5,000
OurTime £5,000
TheBreckFoundation £5,000
ThePreciousTrust £5,000
TheSeparatedChildFoundation £5,000
TheUlyssesTrust £5,000
HothouseTheatre £4,987
TheYouthCounsellingProject £4,900
DoorstepLibraryNetwork £4,780
YoungPeople'sPuppetTheatre £4,500
KidsinMuseums £4,000
LightUpLearning £4,000
YoungSpeakersScotland £4,000
ExposureOrganisationLimited £2,000
Awardsunder£2,000(4) £2,361
£100,528