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2023-07-31-accounts

Page
REPORTOFTHETRUSTEE 1-9
REFERENCEANDADMINISTRATIVEDETAILS 10
STATEMENTOFTRUSTEE'SRESPONSIBILITIES 11
INDEPENDENTAUDITOR'SREPORT 12-14
STATEMENTOFFINANCIALACTIVITIES 15
BALANCESHEET 16
CASHFLOWSTATEMENT 17
NOTESTOTHEACCOUNTS 18-30

RANTSAWAR DEDBYFUNDINGCA TEGORY
Grantsby 2023Value Number
Theme ofgrants
awarded
Arts&Heritage £67,715 16
Church £41,800 17
Disability £50,662 12
Education £347,740 21
Elderly £47,411 13
Environment £24,000 5
Health £71,528 20
Military £32,000 8
Poverty £262,383 43
Youth £195,745 I 34
Total £1,140,985 189

CORPORATETRUSTEE: TheGrocers'TrustCompanyLimited
DIRECTORSOFTHE MrJamesThomson(resigned31stJuly2023)
CORPORATETRUSTEE: MrGuyChisenhale-Marsh(appointed1stAugust2023)
SirCharlesBowman
MrHenryColthurst
HisHonourSimonColtart
MrTobiasStubbs
BrigadierGrevilleBibbyCBE
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
INVESTMENTMANAGER: RathboneInvestmentManagementLimited
8FinsburyCircus
London
EC2M7AZ
SOLICITORS: CharlesRussellSpeechlysLLP
5FleetPlace
London
EC4M7RD

1 March 2024

Permanent Expendable
Endowment Endowment Restricted Unrestricted TotalFunds TotalFunds
Funds
Funds
Funds Funds 2023 2022
Note £ £ £ £ £
Income
and
endowments
from:
Donationsandlegacies 152,500 255,734 149,894 558,128 317,850
Investments 27,509 763,658 791,167 687,548
Totalincome 152,500 283,243 913,552 1,349,295 1,005,398
Expenditureon:
Raisingfunds
Fundraisingexpenses 31,418 31,418 31,271
Investmentmanagerfees 45,925
51,583
1,475 98,983 98,026
Expenditure
on
charitable
activities
Grant-making 4,5,6 180
-
167,035 1,068,967 1,236,182 1,113,824
Totalexpenditure 46,105
51,583
198,453 1,070,442 1,366,583 1,243,121
Net(expenditure)/income
beforeinvestmentgainsand
losses (46,105)
100,917
84,790 (156,890) (17,288) (237,723)
Netgains/(losses)on
investments 77,379
85,579
2,161
165,119
(2,582,975)
NETINCOME/(EXPENDITURE) 31,274
186,496
84,790 (154,729) 147,831 (2,820,698)
Transfersbetweenfunds 12 -
-
1,134 (1,134)
NETMOVEMENTINFUNDS 31,274
186,496
85,924 (155,863) 147,831 (2,820,698)
Balancesbroughtforward
atbeginningofyear 15,911,474 17,853,487 81,555 480,343 34,326,859 37,147,557
Balancescarriedforwardat 10,11,
endofyear 12 15,942,748 18,039,983 167,479 324,480 £34,474,690 £34,326,859

Permanent Expendable
Endowment Endowment Restricted Unrestricted TotalFunds TotalFunds
Funds Funds Funds Funds 2023 2022
Note £ £ £ £ £ £
FIXEDASSETS
Investments 7 15,880,735 17,563,509 494,981 33,939,225 33,974,512
15,880,735 17,563,509 494,981 33,939,225 33,974,512
CURRENTASSETS
Debtors 8 - 885 5,410 6,295 4,822
Cashatbank 65,730 480,646 166,594 (166,472) 546,498 364,427
65,730 480,646 167,479 (161,062) 552,793 369,249
CURRENTLIABILITIES
Creditors 9 (3,717) (4,172) (9,439) (17,328) (16,902)
NETCURRENTASSETS/
(LIABILITIES) 62,013 476,474 167,479 (170,501) 535,465 352,347
TOTAL
ASSETS
LESS
CURRENTLIABILITIES 15,942,748 18,039,983 167,479 324,480 £34,474,690 £34,326,859
Note 10 11 12

2023 2022
£ £
Cashflowsfromoperatingactivities:
Netcashusedinoperatingactivities (809,341) (873,262)
Cashflowsfrominvestingactivities:
Dividendsandinterest 791,006 687,514
Proceedsfromthesalesoffinancialinvestments 7,738,282 16,417,356
Purchaseoffinancialinvestments (8,143,999) (17,795,389)
Netcashprovidedby/(usedin)investingactivities 385,289 (690,519)
Changeincashandcashequivalentsinthereportingperiod £(424,052) £(1,563,781)
Changeincashandcashequivalentsinthereportingperiod (424,052) (1,563,781)
Cashatthebeginningofthereportingperiod 1,019,655 2,512,482
Exchangedifferencesoninvestmentcash 15,777 70,954
Cashandcashequivalentsattheendofthereportingperiod £611,380 £1,019,655
Reconciliationofnetincome/(expenditure)tooperatingcash
flows
Netincome/(expenditure)fortheyear 147,831 (2,820,698)
Adjustmentsfor:
Dividendsandinterest (791,006) (687,514)
(Gains)/lossesoninvestments (165,119) 2,582,975
(Increase)/decreaseindebtors (1,473) 53,274
Increase/(decrease)increditors 426 (1,299)
Netcashusedinoperatingactivities £(809,341) £(873,262)
1August Cashflows Othernon- 31July
2022 £ cash 2023
£ movements £
f
Cash atbankandinhand 364,427 182,071 546,498
Cash heldbyinvestmentmanagers 655,228 (606,123) 15,777 64,882
Total cashandcashequivalents 1,019,655 (424,052) 15,777 611,380

Permanent Expendable
Endowment Endowment Restricted Unrestricted TotalFunds
Funds
Funds
Funds Funds 2022
Note f f f f
Income
and
endowments
from:
Donationsandlegacies 180,774 137,076
317,850
Investments 34,481 653,067
687,548
Totalincome 215,255 790,143
1,005,398
Expenditureon:
Raisingfunds
Fundraisingexpenses - 31,271 31,271
Investmentmanagerfees 45,355
50,853
1,818
98,026
Expenditure
on
charitable
activities
Grant-making 4,5,6 180 224,890 888,754
1,113,824
Totalexpenditure 45,535
50,853
256,161 890,572
1,243,121
Netexpenditurebefore
investmentgainsandlosses (45,535)
(50,853)
(40,906) (100,429)
(237,723)
Netlossesoninvestments (1,175,827) (1,300,423) - (106,725) (2,582,975)
NETEXPENDITURE (1,221,362) (1,351,276) (40,906) (207,154) (2,820,698)
Transfersbetweenfunds 12 995 (995)
NETMOVEMENTINFUNDS (1,221,362) (1,351,276) (39,911) (208,149) (2,820,698)
Balancesbroughtforward
atbeginningofyear 17,132,836 19,204,763 121,466 688,492 37,147,557
Balancescarriedforwardat 10,11,
endofyear 12 15,911,474 17,853,487 81,555 480,343 f34,326,859

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

Grants Staffand
Payable Governance Total
Costs
£ £ £
Grant-making2023 1,140,985 95,197 £1,236,182
Grant-making2022 1,023,645 90,179 f1,113,824
Grantspayableweremadeinthefollowingcategories:
2023 2022
£ £
Education 336,740 311,912
ReliefofPoverty 262,383 213,182
Health 71,528 161,908
Youth 206,746 100,528
Disability 50,662 54,320
Environment 24,000 45,000
TheElderly 47,411 38,495
Churches 41,800 37,800
Arts&Heritage 67,715 34,500
Military 32,000 26,000
Total £1,140,985 £1,023,645

Staffcostsrelatetoonefull-timememberofstaff(2022-1): 2023 2022
£ £
Salaries 49,838 49,443
Socialsecuritycosts 5,747 5,755
Pensioncosts 11,322 7,277
Temporarystaff 15,565 14,895
Otherstaffcosts 1,992 4,590
Total £84,464 £81,960

ERNANCECOSTS
2023 2022
£ £
Auditfees 7,946 7,080
Subscriptions,printingandbankcosts 2,787 1,139
Total £10,733 £8,219
STMENTS
2023 2022
QuotedSecurities £ £
Marketvalue
Atbeginningofyear 33,319,284 34,595,180
Additions 8,143,999 17,795,389
Disposals (7,738,282) (16,417,356)
Gains/(losses) 149,342 (2,653,929)
Atendofyear 33,874,343 33,319,284
Cashheldbyinvestmentmanagers 64,882 655,228
Totalmarketvalueat31stJuly2023 £33,939,225 £33,974,512
Historicalcost
Atendofyear £30,964,421 £35,376,787

TORS
2023 2022
£ £
Incometaxrecoverable 5,279 4,789
Prepaymentsandaccruedinterest 1,016 33
£6,295 £4,822

DITORS—amountsfallingduewi thinoneyear
2023 2022
£ £
Accrualsanddeferredincome 16,000 15,000
Othercreditors 1,328 1,902
£17,328 £16,902
MANENTENDOWMENTFUNDS
Balanceasat Expenditure, Balanceasat
1stAugust2022 GainsandLosses 31stJuly2023
£ £ £
Grocers'Company 15,699,060 31,074 15,730,134
DameMargaretSlaney 191,305 380 191,685
Mercers'andWaterford 21,109 (180) 20,929
Total £15,911,474 £31,274 £15,942,748
Balanceasat Expenditure, Balanceasat
1stAugust2021 GainsandLosses 31stJuly2022
f f f
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) f15,911,474

Balanceasat Income Expenditure, Balanceasat
1stAugust2022 GainsandLosses 31stJuly2023
£ £ £ £
Grocers'Company 16,319,407 152,500 31,044 16,502,951
Queen'sGolden
JubileeScholarship 1,534,080 2,952 1,537,032
Total £17,853,487 152,500 £33,996 £18,039,983
Balanceasat Expenditure, Balanceasat
1stAugust2021 GainsandLosses 31stJuly2022
f f f
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) f17,853,487

TRICTEDFUNDS
Balanceasat Income Expenditure Transfers Balanceas
1stAugust between at31stJuly
2022 funds 2023
£ £ £ £ £
DameMargaretSlaney 250 4,416 (5,000) 334 -
Mercers'andWaterford (800) 800
Queen'sGolden
JubileeScholarship 81,305 23,093 (20,250) 84,148
FundraisingCampaigns
andEvents 151,374 (151,374)
Restricteddonations 104,360 (21,029) 83,331
Total £81,555 £283,243 £(198,453) £1,134 £167,479
Balanceasat Income Expenditure Transfers Balanceas
1stAugust between at31stJuly
2021 funds 2022
E f f E f
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 £121,466 £215,255 4256,161) £995 £81,555

2023 2022
£ £
DisastersEmergencyCommitteePakistanFloodsAppeal 5,000
DisastersEmergencyCommitteeTurkeySyriaEarthquakeAppeal 5,000
CityofLondonBoys'School 10,500
SouthendBoysChoir 500
DisastersEmergencyCommitteeUkraineAppeal 40,000
Grocers'CharityFundraisingDinner 24,000 19,000
£45,000 £59,000

Arts&Heritage £ Elderly £
MagpieDance £5,000 BentileeVolunteersCIO £5,000
PeckhamPlatformLimited £5,000 PerthGreenCommunityAssociation £5,000
SydenhamArts £5,000 TeamOasis £5,000
ThePorticoLibrary £5,000 TheWiltshireBobbyVanTrust £5,000
TheTwistingDucksTheatreCompany £5,000 WarwickPercyCommunityProjects £5,000
Theatre-Rites £5,000 ThePoirierFoundation £4,650
TudorHallSchool £5,000 RyedaleCarersSupport £3,993
TwoMoorsFestival £5,000 Men'sShedLichfield f3,250
UKNewArtists £5,000 HandofSolace f3,022
CollegeofArmsTrust £5,000 TotnesCaring £3,000
StPaul'sCathedralFoundation £5,000 CharlesYoungCentre £2,000
CityArts(Nottingham)Ltd £4,600 FoodCycleMarylebone £2,000
HeritageCharityLondon £4,500 CannockChaseShed £496
OperaHollandPark £2,000
HenryBoxCollection £1,000
RABBLETheatre £615
Churches £
StMary-le-Bow,Cheapside £5,000
StMaryBow&HolyTrinityBow(2) £4,750
StPeter'sChurch,Wrockwardine £4,500
StJohntheBaptist,Stone(2) £4,250
StStephen,Walbrook £3,000
StMichaelandAllAngels,Waterford £2,800
AllHallows,Bromley-by-Bow £2,000
AllSaintsChurch,Caldecote £2,000
StBarnabas,Homerton £2,000
StLadoca,Ladock £2,000
StMaryVirgin,Northill £2,000
StMary'sChurch,Bucknell £2,000
StMatthew,Highfield £2,000
StPeter'sChurch,Ugborough £2,000
OundleParishChurch £1,500
£41,800
£47,411
Disability £
DisabilityPeterborough £5,000
DisabledPersonsHousingService £5,000
LondonWheelchairRugbyClub £5,000
Shine21 f5,000
Stamma £5,000
Possobilities £4,900
BasingstokeMencap £4,787
ClearVisionProject £4,500
AutismVentures £4,000
DyscoverLtd £3,975
GoalballUK £3,000
CalvertTrusttheLakeDistrict £500

Environment £
SurfersAgainstSewage £15,000
The2MinuteFoundation £5,000
LakeDistrictFoundation £2,520
TheBarnOwlTrust £1,300
CatsProtection £180
£24,000
Health f
INSIGHTCounselling £5,000
Jo'sCervicalCancerTrust £5,000
MacmillanCancerSupport £5,000
Money&MentalHealthPolicyInstitute £5,000
OracleCancerTrust £5,000
Parent-InfantFoundation £5,000
RainbowTrustChildren'sCharity £5,000
RebuildEastMidlands £5,000
SEEDEatingDisordersSupportServices £5,000
SupportAfterMurderAndManslaughter £5,000
TheRoadToRecoveryTrust £5,000
Tom'sTrust £5,000
Medics&Me £3,000
SEENLimited £2,678
KingstonSamaritans £2,000
CareofPoliceSurvivors(2) f1,500
ProstateCancerUK £1,100
WitneyCommunityHospitalFriends £1,000
FriendsoftheRoyalMarsdenChelsea £250
£71,528
Military f
RhonddaHubforVeterans £5,000
TaxiCharityforMilitaryVeterans £5,000
VeteransatEase £5,000
Veterans'Growth £5,000
WingsForWarriors £5,000
FirstAidNursingYeomanry £3,000
ABFTheSoldiers'Charity £2,000
SSAFAForcesHelp £2,000
£32,000
Education £
OundleSchool £175,000
MossbourneCommunityAcademy(4) £43,800
CityofLondonSchoolforBoys(3) £20,029
ImperialCollegeLondon £15,000
TheElms(Colwall)Limited £13,310
City&GuildsofLondonArtSchool(2) £12,500
StPaul'sCathedralSchool £10,351
UniversityCollegeLondon £10,250
GuildhallSchoolofMusicandDrama £10,000
CityofLondonFreemen'sSchool £8,000
CityofLondonSchoolforGirls £8,000
Reed'sSchool(LondonOrphanAsylum) £7,500
RoyalCollegeofArt £6,000
MansionHouseScholarshipScheme £5,000
City&GuildsofLondonInstitute £3,000

ReliefofPoverty
LittleVillage £57,972
NoGoingBack-BounceBack(2) £15,000
DEC(DisastersEmergencyCommittee)(2) £10,000
VSO(VoluntaryServicesOverseas) £10,000
AdultLiteracyTrust £5,000
BassetlawFoodBank £5,000
BeyondDetention £5,000
BloomingBlossomsTrust £5,000
CityHarvestLtd £5,000
ClothingCoventry £5,000
CommunityOneStopShop(COSS) £5,000
GivingWorld £5,000
GloucesterCityMission £5,000
Kids'N'Action £5,000
Lighthouse £5,000
PeopleAriseNow £5,000
PeterboroughGoodStewardsTrust £5,000
ShepherdsBushFamiliesProject £5,000
SmartWorksBirmingham £5,000
StandOut £5,000
SussexCommunityFoundation £5,000
TempusNovo £5,000
TheChoirwithNoName £5,000
TheHouseofStBarnabas £5,000
OasisCentreCommunityProject £5,000
ThePCCParishofStPhilemonChurch £5,000
TheShrewsburyArk £5,000
TheUpperRoom(StSaviour's) £5,000
TheYouthBooth £5,000
UnderOneSkyCIO £5,000
WestKentDebtAdvice £5,000
WinterNightShelterMiltonKeynes £5,000
RahabProject £4,989
SmallActsofKindnessTrust £4,922
YoungandInspiredLtd £4,850
EdinburghCityMission £4,000
ReviveHealthyLiving £4,000
City&MetropolitanWelfareCharity £3,000
TransformationCPR £2,000
HopeforHunger £1,000
AllSaintsPreston £650
Youth
TheStephenLawrenceDayFoundation(2) £66,984
ChancetoShine £5,000
CommunityVentures(Middlesbrough) £5,000
DevonDevelopmentEducation £5,000
DostCentreforRefugeesandMigrants £5,000
FamilySupportLink £5,000
Home-StartDaventryandSouthNorthants £5,000
In2ChangeSouthYorkshire £5,000
LifeSkillsEducationCharity £5,000
ManandBoy £5,000
MinistryofStories £5,000
MyBigCareer £5,000
NortheastYoungDadsandLadsProject £5,000
Option4Change £5,000
Re:workLtd £5,000
Speakers'Trust £5,000
StandAgainstViolence £5,000
TheGreenTeam £5,000
TheLordMayor'sAppeal £5,000
TheOldVicTheatreTrust £5,000
TheRockYouthProject £5,000
Voyage £5,000
LifeChanceTrust £4,980
Home-StartWessex £4,555
ChildrenHeardandSeen £3,715
HarmonyYouthProject £2,700
Go!YouthTrust £2,400
CriminonUK £2,125
Switch180 £1,287
Black&MinorityEthnicYoungPeople £500
KidsInspire £500
SouthendBoysChoirandGirlsChoir £500
TeachtheFuture(SOS-UK) £500