2022-03-31-accounts - The Wax Chandlers' Charitable Trust

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Contents			Page
Trustees' Annual Report			1-4
Independent Examiner's	Report		5
Statement of Financial Activities			6
Balance Sheet			7
Notes to the Accounts			8-14
Detailed Statement ofFinancial Activities		with Comparatives	15

			Expendable	Unrestricted	Restricted	Total	Expendable	Unrestricted	Restricted	Total
			Endowment	Funds	Funds	Funds	Endowment	Funds	Funds	Funds
			2022	2022	2022	2022	2021	2021	2021	2021
		Note	f	f	f	f	f	f		F.
INCOME AND ENDOWMENTS FROM:
Donations and legacies		3		49,093	171,053	220,145		11,046	36,963	48,009
Legacies								1,000		1,000
Investments		4		22,490		22,490		25,961		25,961
Total income and endowments				71,583	171,053	242,636		38,007	36,963	74,970
EXPENDITURE ON:
Investment manager's	fees		3,813	1,743		5,555	3,447	1,575		5,022
Grants				27,382		27,382		19,582		19,582
Fund raising costs				1,968		1,968		575		575
Recharged expenses				5,500		5,500		15,609		15,609
Independent Examiner's	fee			1,980		1,980		2,040		2,040
Trustees insurance				264		264		255		255
Bank fees				97		97		69		69
Sundr)r costs								704		704
Pollinating London Together					54,992	54,992			5,627	5,627
Exchange rate variance				(3)
Total expenditure			3,813	38,930	54,992	97,737	3,447	40,409	5,627	49,483
Net gains/(losses) on	investments		62,275	28,465		90,740	82,444	37,678		120,122
Net incoming/(outgoing)		resources	58,462	61,118	116,061	235,642	78,997	35,276	31,337	145,610
Other recognised gains/(losses):							193	88		281
Net movement in funds			58,462	61,118	116,061	235,842	79,190	35,368	31,337	145,891
Reconciliation offunds:
Total funds brought forward			641,209	292,210	31,337	964,755	562,019	256,846	-	818,865
Total funds carried forward			699,671	353,328	147,397	1,200,395	641,209	292,210	31,337	964,755

3	Income from donations		and	legac	ies
						2022	2021
	Cash donations (including			tax recoverable)		220,145	48,009
	I egacies						1,000
						220,145	49,009
4	Investment income
						2022	2021
						5	5
	Income from listed investments					22,477	25,959
	Interest receivable					13	2
						22 495	25,951
5	Raising funds
						2022	2021
	Investment management			costs		F
	Investment manager		fees			5,555	5,022
						5555	5022
6	Grants payable
						2022	2021
	BeeFarmers Association					7,000	7,000
	National Honey Show					7,153	6,500
	BeesAbroad					4,300
	Welsh Beekeepers	Association				6,000
	British Beekeepers Associatim					1,250
	Fellowship ofClerks					740	150
	RAF Benevolent Fund					500
	RAF Coningsby					500
	StVedast					378	832
	City of London					375
	Hayes &Finch (Todd		Bequest)			186
	St. Mary's Secret Garden			(Buzz	in the City)	(1,000)	3,000
	Guys &St Thomas'	Charity					2,000
	LCSCAnnual Subs						100
						27,382	19,582
7	Recharged expenses
						2022	2021
							6
	Staff costs (including		Pollinating		Together staff costs)	37,761	19,421
	Office costs (including		Pollinating		Together office costs)	1,061	797
						38,822	20,218

d Asset Investments
		2022	2021
		E	6
Listed investments
Fair value at 1 April 2021		876,826	761,435
Fees charged		(5,555)	(5,022)
Income re-invested Movement in unrealised Movement in exchange	gains/(losses) rate	143,044 90,740 ~3	291 120,122
Fair value at 31 March	2022	1 105055	878 826

asset alloc	ation within investments was as follows:
		2022	2021
		F	6
UK Holdings		441,446	322,507
Overseas	Holdings	520,310	548,357
Cash held	for reinvestment	143,299	5,962
		1 105055	070 826

13	Debtors		FOR THE YEAR ENDED 31 MARCH	2022
				2022	2021
	Gift Aid			33,497	8,085
	Investment	income		11	6,417
	Other debtors and prepayments			946	475
				34,454	14,977
14	Creditors: liabilities		falling due within one year
				2022	2021
	Grants payable			2,000	3,000
	Accruals			1,980	2,040
				3,980	5,040

FOR	FOR	FOR	THE YEAR ENDED 31 MARCH 2022	THE YEAR ENDED 31 MARCH 2022	THE YEAR ENDED 31 MARCH 2022
During the year the movements			in the charity's funds were as follows:
				Incoming	Outgoing	Gains and	Movement
				resourcesf	resources	losses f	in funds
Expendable Endowment	Fund				(3,813)	62,275	58,462
Unrestricted funds				71,583	(38,933)	28,465	61,115
Restricted funds
Hall Fabric Fund				135,050			135,050
Pollinating London Together				36,003	(54,992)		(18,988)
TOTAL FUNDS				242 636	~97737	90,740	235639
Comparatives for movement		in	funds
					At 01.04.20	Net	At 31.03.21
						movement
						in funds
					f		f
Expendable Endowment	Fund				562,019	79,190	641,209
Unrestricted funds					256,846	35,364	292,210
Restricted funds
Hall Fabric Fund						8,025	8,025
Pollinating London Together						23,311	23,311
TOTAL FUNDS					818,865	145,890	964,755
Comparative net movement		in funds, included		in the above are as follows:
				Incoming	Outgoing	Gains and	Movement
				resources F	resourcesf	losses	in fundsf
Expendable Endowment	Fund				(3,254)	82,444	79,190
Unrestricted funds				38,007	(40,321)	37,678	35,364
Restricted funds
Hall Fabric Fund				8,025			8,025
Pollinating London Together				28,938	(5,627)		23,311
TOTAL FUNDS				74,970	~49.202	120,122	146,690

DETAILED PR	OFIT	AND LOSSACCOUNT FOR THE Y	EAR ENDED 31 MARCH	2022
			31.03.2022	31.03.2021
			E	F
INCOME AND ENDOWNIENTS
Donations and legacies			220,145	48,009
Legacies				1,000
Other investment income			33,510	25,961
Total incoming resources			253,655	74,970
EXPENDITURE
Investment management		costs
Porffolio management			5,555	5,022
Charitable activities
Grants			27,382	19,582
Fund raising costs			1,968	575
Staff costs			5,000	15,000
Office costs			500	609
Pollinating London Together			54,992	5,627
Governance costs
Accountancy fees			1,980	2,040
Trustees insurance			264	255
Other
Bank charges			97	69
Sundry costs				704
Exchange rate variance			(3)
Total resources expended			97,734	49,483
Net income/(expenditure)		before gains and losses	155,921	25,488
Realised recognised	gains	and losses
Realised gains/(losses)	on investments			281
Net income/(expenditure)			155,921	25,769