Clwity Re￿8t￿￿OnNth r8164
The Wax Chandlers,
Charitable Trust
Report and Accounts
Year ended 31st March 2024

THE WAX CHANDLERS. CHARITABLE TRUST
FOR THE YEAR ENDED 31 MARCH 2024
Contènts
Pag•
Trustees, Annual Report
Independent Ex8minerfs Rep)rt
Statement of Financral AclNibes
Bala￿e Sheet
Notes to the Accounts
Detailed Statement d Financial A¢tivikne5 wrth Comparatives
14
8-14
15

THE WAX CHANDLERS. CHARrrABLE TRUST
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES REPORT
The Trustees present the annual report and financial stat9ments of the ¢hartyfor the year ended 31
March 2024. The finanGial statements have bggn prepared in accordance with the ￿CountIng por￿leS
Set out in note 2 to the accounts and compty with the charity'8 trust deod, the Charttièg Act 2011 and
A￿0￿￿ting and Reporting by Ch#frbes.' Statement of Recommended Practice applicable to charthes
preparing their accounts in accordance ￿th the Financial Reporting Standard appluble in the UK and
Republ￿ of Ireland- SORP FRS 102 (effecti￿ 1 January 2019).
ObJoctfvg8 and actSviti•s
The objective of the charity 15 to make grants for general charitable purposes. The Trustees have
agreed to continue to IKJnour earlier commthents made in perpetuty regardiry the suppty of candles
at St. Paul's Cath•drl (former Aldrklge 8equestl and Ightham Church {fomier Ttssj Bequesti.
Prionty 15 given lo the making of grants for the e￿Ourag￿rnent of be•keepiry. for innovatlon aThJ
advances in modem wax indu$ty. and tha drssemination of kno￿Odge regarding bee keeping and
the modern use8 of wax. The Trustee payE due regard lo the Charity Commission's guidance on publ
benefft.
The Trustee8 have paid due regard to guidance issuad by the Charity Commissicn In d&iding which
aetwtties the charty should undertake.
A¢hi•vem•nts and p•rfomiancg
Durlng IIE year the charfty awarded grants of £27,258 {2023.' £19,852) as Set in note 6. Thesa
grants enabled the recipients to maintain and research into beekeeping, and lo conlinue The Vvax
chand￿r$ Charitab18 Trust's ci)jectives of innovation and advanceg in the modem wax industy. and
the dissemination of knowkdge regarding beekeeping and the modern uses of wax. The grants also
enabled the continual supply of candles al Sl. Paul's Cathedral (f¢)rmer Aldridge Bequest) and Ighlham
Church Ifomi&r Todd Bequest). The grants given also r815ed the prolile of The Worshipful Compary of
Wax Chandlers (Trustee of The Wax Chandlers Charitable Trust) 8rKA anC￿ra9ed new members to
jthn the Company.
Flnanclal revlthv
The charity d¢rNes 118 income frcfn a portfolio ot investments and personal donations from members of
The Worshipful Company of Wax Chandlers. There are no restrictK)ns in the Trust Scheme so the
Trustee8 are bound by the prowslons of the Trust88 Act 2000 in respect of investment$.
The Trustees. aim Is lo balance the ne&Js of present and future beneficiaries and as such aim to
a¢hieve the best possible total return and follow a medium risk strategy. The Trustees aim to maintain
the captsl of the investrn8nt funds al least in line ￿th Inflation. The free reserves of the charty are
retained to ensure th8 charity has sufficient reseNe$ to meet ts future ¢c￿M￿ents whrch include staff
costs, rrther overhead commitments and potenti￿ inveBtrnent opportunilies. The fr89 reseNes at 31
March 2024 were £391.$4412023'. £360,562).
Investment funds are managed on behaw of the Twstees by Cazerove Capital within tho charws
investsnenl polrey. Invesknent retums. toth capital and income, are revivwed reg￿arty and moniiored
against the general investment m8rkeL
Page 1

THE WAX CHANDLERS. CHARITABLE TRUST
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES REPORT
The market value of an liste(l investhents In¢￿￿[n9 ¢a$h al 31 March 2024 w88 £1,276,95612023.'
£1,084,396}. There was a net gain on the inve8lments of £162,08712023.' netloss of £15,185).
DurirvJ the year the ch*liy r￿thved inv&8tment income of £29,550 {2023.. £25,137) an i￿￿$?
mpared to 2023 of £4,413 (2023.. an increase of £2.64n and committed £27,258 to grants (2023..
£17,852).
Ai 31 Match 2024 each fund had odequale Tesources to fulfil the charty$ planned grant programme
{8ee note 6).
Structurei governanc• and managemgnt
The governir*d dc¢ument of the charity IB the Trust D88d of 29 March 1979 amended by re801utpJn
dated 22 June 1998 arKI 28 Mar¢h 2C4)8. The corporate Trustee is The Worshipful Company of Wax
Chandlers la City Livery Comparyl, and its Court of Assistants (equivalent of a Board of Diredorsl are
the charty Trustees within meaning of the charit￿ Act 2011.
New charty trustees are ekcted by COU￿ Tho Court FS advised by the Charrfy Committee on all
aspects of poli￿ and *imini$tration.
The day to day odminislration of the charlty Is undertaken by Ihg Clerk. The Trustee is notified of any
updates lo any Charity CommissiC￿ legi$1o1ion relevant to the charity and the way It operates.
Rgf•r•nce and administration drfall$ of tho charlty. Its Tru8tsè and advlsèrs
Wax Chandlers, Chartable Trust is a registergd charity no. 278164.
The principal address of the charity is Wax Ch•ndlers' Hall, 8 Gre8ham Streel. London EC2V 7AD.
Tho Trustee is Th8 Worshipful Company of Wax Chandlers. cp8rating under 8 charter granted by King
Chad8811 on 23 NOVem￿r 1663. The m8mbeTS of tha Court ofthe Ccthpany Se￿ as the Gharty
Trustees wlhin the meaning of the Charitie8 Act 2011. The membership of the C￿rt during the year
arKI up lo the date of the approval of the TNstee's Report i% shovm belthv..
Mast
Dame Fiona Woom
Dgputy Master
Mr Timothy M81
Upper Warden
Mrs Lynda Marston-weston
Renter Warden
Mr lan Appleton
Page 2

THE WAX CHANDLERS. CHARITABLE TRUST
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES REPORT
Court Assistants
Ms Margar8t Ginman
Mr Robert Holland
Mr Jonathan Simpson
Mr Anthony Ward
Mr Haydn Cole
Mr Robert McLean
Mr Andrew Bla￿and
Dr Frank Cselik
Mrs Gonstantin8 Firth
Past Master Court A88lst•nts
Mr John Sleanan
Mr Peter TLJnpkin$
MrArthur Da
Mrs Joan Be4￿ngton
Mrs Susan Green
MrAnthony B￿more
Clerk
Mr R￿hard B Moule
principal advisers to th• charlty arè:
Bank•r5
Cafcash Limlted
Kings Hill
Wesl Malling
Kent
ME19 4TA
Investment Managers
Cazenove Capital
1 London INall Pla¢9
London
EC2Y &4U
Sollcltors
Reedsmith Richardts Butler LLP
Beaufort House
15 Sl Botolph Street
London
EC3A 7EE
Indep•ndent Attountant
Sarah Shearer FCA
Emmaus Chartered Accountants
377-399 London Road
Camberi8y
Surr8y
GU15 3HL
Page 3

THE WAX CHANDLE￿ CHARITABLE TRUST
FOR THE YEAR E14DED 31 flARCH 2024
TRUSTEES REPORT
Statamènt of trustws. responsibilltlgs
Chanty law rèqwres the Trustees to prepara finani¥al 8tatsments fcf each financral year. wh￿h give a
Inje Bnd fair vièw of the stal? of affaKs of the charity of the Incom￿￿1 {(xrtgoW resources for
thè year. In preparing the financial statemenlg the trusteas are reguir&J to:
• Select suitable accounllng policies and apptythem consistenltr.
Make judgements and 8sllmates that a￿ reasonable and prLKlent'. and
. Prfjparg the ￿anc￿91 slalemwts on a goin9 c¥¥n(xrn bagis ￿lesS it 1$ irwpri)prial8 lo do so.
The Trustees are r8sw)n$ible for keeping propèr accounttyw re￿rtS which disdos• reasonab18
accU￿cY al any tim& tha financial positson ofthe charity and to enable rt to ensure that the finan(xal
statèmènts comptyvrilh Ihg Charities Act 2011. They are also responsible for safeguarding thè assets
ol Iha charty arKI hence for tskln9 Steps for Ihe wevontion and d8tecttrt￿ of froud and other
irregularib8S.
This report and th8 financial statements have begn wep8rgJ in acc(ffdance wilh..
. the proviwon5 of the Chaiib8s Acts,. and
. statement of Recommend8d Prach¢e.' Acownling and Rew1ing by Chwthes k8suwJ on 1 January
2019.
Ar4)roved bythe Truste￿ on ...................................2024 and sNJned w Ihgir behall by..
D8me F￿rta Woolf
Master
ynda Marston-weston
Upper Warden
Page 4

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
THE WAX CHANDLERS. CHARITABLE TRUST
{Ihe Charity.)
I report to the d)aTty tru8tee8 on my 8xamlnatlon of the accounts of the Charty for tfr£ year ended 31
March 2024 which are $el out on pages on pages 610 7 folkywing. which have been prepared on the basi8
of the accountiro policies set out on pages 8 10 9.
Regpon8ibilitie8 and bas18 of report
As the charrtl3 trustees you are responsible for the preparation of the accounts in aCC￿d9nCe wth the
r8quirgments of the Charities Act 2011 (Yhe Arf>.
I report in respect of my examirbation of the charitys accounts carried out under section 145 of Ihg Ad and
in carrying out my 8xaninalion I have followed all Ihg applicable Directions given by the Ch8r
Commission under 59dK*n 145151(b) of the Act.
Independent examlner's statom8nt
I have completed my examination. l ¢onfimi that no material matter5 have ￿me to my atention in
nn8ction with the examination giving me ￿Use lo bolle￿ that in any material respect".
1. accounting records w918 not kept in respe¢l of the Charity a5 rgquired by section 130 of the Act,. or
2. the accounts do not ac￿rd with those records; c
3. the accounts do not ￿mpty ￿￿th the appli¢abl8 requirements concerning the fonn and content of
accounts set out in thg Charities {Accounts and Reports) Regulations 2008 other than any requirement
that th? accounts give a 'lrue and fair which ￿ not a matter considered as part of an Indepgndent
Examination.
I have no coneerns and have come across no other matters K) ¢onrttlK)n with the examination to wh￿h
att&nlion strKJuld be drawn in this report in order to enable a proper Ltnderstanding of the accounts to be
reached.
Sarah Shearer FCA
Mgmber of the Institute of Chartored Accountants England & Wales
Emmaus Chartered Accountants
377-399 Lo1￿￿ Road
Camb
Surrey
GU15 3HL
Date".
Zf/t/¥
Page 5

THE YIAX CHANDLERS. CHARrrABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE AccouKr
FOR THE YEAR ENDED 31 MARCH 2024
[￿able unrej￿£d Restrickny
Erthmnenl Furnls
FuTrJs
2024
7ot*l ey¥enda￿e UNEBtrkted ResM¢t¢d
Fund•
Endo%Ynenl
Fund
2023
2023
Tolal
fuDd¥
2023
2024
2024
2024
2023
INCOME AND ENOOTMIENTS FROM..
Donations and legacEs
Legae4#5
Investments
82,237
5,935
88,172
20,387 173,801
10,000
1•4,168
10,0
20,137
29.550
25.137
Total Incom• and gndovM0b7ts
111.787
5,935
117.722
45,504 183.801
229,30B
EXPENDrruRE ON:
Inveskn)8nt managerfs fegs
Grants
Fund raisi￿
OfficA ￿nt aThJ rates
Recharged &xp8nses
Independènt Exarninefs fvo
Bank fee8
Pollinatiro London Togather
Exchangfr rate variance
4,119
1,883
27,258
2,177
39,463
38,574
2,172
61
6.002
27.268
2.177
39,463
36.514
2.172
61
52.180
162
4.058
1,855
17,852
820
6,913
17,862
820
10,978
2,010
72
10,978
2,010
72
147,930
181)
S2.180
147,930
{811
T4)t•l eX￿nd￿re
4,119 109.6•0
52.18D
165,989 4.068
31506 147,930
185,495
N•t g•In￿o￿4•1 on I￿￿￿10￿￿ 111,240
50.847
162.087 110,421) (4.7641
{10,1861
N•t mov•m•rt In lund$
107,121
62,944 (46,2451
113.119 (14.4801
7,234
36.871
28.62S
R•con¢Oll•llon of fund•:
Totsi funds brought foNard
685,192 360,562 183,288 1,229,022 699,671 353,328 147,398 1.2110.397
Trarofer of Polllngting London Tcgether funds
126,9621 26,￿2
Tot*1 fund• ¢•rrF•d forward
792.313 386.544 163,984 1,342.842 884192 380,562 1B3.268 1,229.022
Tht notss on pages &14 form part ofthèse account&
Page 6

THE WAX CHANDLERS. CHARITABLE TRUST
BALANCE SHEET
AS AT 31 AIARCH 2024
2024
2023
FIXED ASs￿s
Investmer
12
1.276,956
1,084.393
1,276,956
1.084.393
CURRE1￿ ASSETS
Other debtors and prepaym*)ts
Cash 81 bank and in haThJ
13
54,815
35.447
152,974
90,262
157,658
CREtXTORS: Amounts falling
due withln one y•ar
14
124.376)
(13,029)
N•t tuvrent a88ets I Illablllfjesl
65.886
144,629
Total as￿￿195$ ¢Urt ￿h111￿•S
1,342042
1.229.022
TOTAL NET ASSETS
1.342.842
1.229.022
FUND BALANCES
Expendable Endowmentf(HvJs
Restrictad lurKIs
Unrestricted income funds
15
792.313
163,984
386.544
e*95,192
183,268
1,342.842
1329.022
1311 Iw21r
The financaal Statements were apFxoved by the Tntstaas on ....2024 and were sKJnwJ on their behair
Dame Fi(M)a w￿lf
Master
Mrs
ynda Mai$ton-Weston
Upper Warden
The notes on pages &14 form part of these accounts.
Page 7

THE WAX CHANDLERS. CHARrrABLE TRUST
NOTES TO THE Accoupirs
FOR THE YEAR ENDED 31 MARCH 2024
1 Statutory Inft•m)atlon
The Wax Chand18TS' Charitable Trust is a charity registered in England and Wales wth Cheritie8
CiJmmi$$ion. Details ol its wistered number aNJ address are $hcwn in the Tfuslees Report. page 2.
2 A¢countlng Pollcles
The prlncipal accounting policies which are adopted ￿nsiSten11Y in the preparation of tho financial
stslemenls are set out below.
a) B•sls of accountlng
The financial 8talemenls have been prepared under the histortcal cost ¢onvention wth f(ems rI￿09n16¢d al
Cost or transaclton walue unless otheTh￿se stated in the relevant notes lo these financi￿ stslwnents. The
financial statements hav8 bagn propared in accordan￿ with the Charities Statement of Recommended
Practic8 (Charities SORP IFRS 1021 second published October 2019} and the Finan￿al Reporting
standard 102 {FRS 102 published March 2018- effectivg 1 Jan 2019).
The Wax Chandlers. Charitabie Trust meets the definithjn of a public benefft entity under FRS 102.
b) Flnanclal reportlng Standard 102- reduGed dlsclo8ure exemptlons
The ch8rty has takén advantsge of thè fdlowing discl¢)sure exempt￿ in preparing these financial
Stat8mants, as pe￿￿ed by FRS 102 The Financial Reporting Standard applicable in the UK a￿1 Republic
of Ireland,:
- the requirements of Section 7 Statement ol Ca$h Flows
o) Income
Donat￿ income 1$ rewnised upon entitlement. ReGov8rable gift aid is recc*Jni8ed when tha related
donation is received. Gift aid that has not been r￿0vered by the balanee sheet dale is included as a
debtor. Investment incomo r¥lale8 to di￿￿endS on listed shares and is f&ogni$ed upon entillemenl.
Incomo from legau8s is reeognised when a dislributK)n is received from the estate or, if eadier, when the
charity has been notified that a distribution will be made and the amount receivable can be measur8d
reliably. Other income is recognised upon entidement.
d) Exp•nditu
Expenditure is reeognised onc? there a legal OT constructive obligats'on lo meke a payment lo a third
party. it is probablo that sattbement wll be required and amount of the obligth.on can be m8asurad
reliabty.
Allocation of •xpendlture
Expenditure 18 xcounted for on an gccrual8 basi8 and althoted to the relevant aclwAy. Where an expense
relates to more than one actimty rt is apportioned on an appr￿Ste basig as detailed in the support cost
note.
Grants offered subject to cormlilrons which have not been met at the year end date aro noted as a
commitment bul not accrued as expenditure.
•) Invejtmonts
Investment$ are included at far value at the balance sheet date.
Page 8

THE WAX CHANDLERS. CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
fj Debtorn
AN debtQTS are included al the 8etUement amount due. Prepayment$ are valued at the Jnount prepaid net
any trade discounts du
g) Cash and ￿9h equfvalents
Cash arKI cash equivalents include ca$h in hand. deposits hgld at C811 with banks, other short-term IK4uid
investments ￿th orginal malurilies of three monlhs cx188$. and bank overdraft$.
h) Crodltors and provlslon6
C￿￿110¢S and provisions are recognised whgre the ch?iity has a present obligalion ad8ing frrxn a past
event that will probabty result in the transfer of funds to a Ihlrd paty and the amount due to settle the
I)bI￿allOn ean be m&Asured or eslimaled relk?bly. cr￿ltOrS and provish?ns are wognlsed at their
settlement amount after allowng fof any trade discount8 due.
l) Flnanclal Instruments
The charty onty has financial assets and liabilit￿$ of a kind that qualfy as b88ic financial instrumerts. The
list￿ investments which are shares held in an investment portfolio are recogniied al their fair value. All
other basic financial instruments are In￿￿ty r￿OgnIsed at trans&tK*n value and subsequently m&38ured at
their setugment value.
JI VAT
The charty is not rogistered for VAT and accKJrdingty expenditure includes VAT where appropriate.
kl T*xatlon
The charity 18 exempt from tsx on its charitsble ￿ll￿ties.
l) Going Concem
The Trustees consider that there are no malerkil uncertainlies the charity's abibty to continuè as a
going Concgrn.
ml Fund accountlng
- Expendable Endowment Funds are those fvnds which are retainth￿ lor the future beneffl of the Charitls
beneficiarie8 but may be converted into income at tha trustees, di$cretion. Income deTNing from these
funds is unrestricted.
- Restricted funds are donations which the donor ha$ are to bè so19￿ u8ed for part￿￿lar area8 of
the Trust's wcrfk.
- Unreslricled funds are expandable at the discretion of the Trustee8 in furtherance of the c4)jects of the
charity.
- Further expLgnation of the nature and purpose of eath fund is irduded in th8 notes lo the financial
$tatements.
n) Key estlmates and Judgemènts
The Trustee8 feel there were no judgements made in the process of app￿n9 accounting pOI￿leS that
had a signifKanl effect on the amounts re¢c#JnEed in the financial $talemenL
Page 9

THE WAX CHANDLERS. CHARrrABLE TRUST
NOTES TO THE ACCOVNrs
FOR THE YEAR ENDED 31 MARCH 2924
3 Incom• from donatlons and l•gacl
2024
2023
Cash donalioro li￿[KI1n9 tax rtrovorable)
Legacies
88.172
194,168
10,000
204,168
88.172
4 Investment In¢om•
2024
2023
I￿orne from listed irwestments
Interest re¢ewatle
29,316
234
29,550
24,398
739
25.137
Ra18ing funds
2024
2023
Investment management Costs
Investment manag6rfee8
6,002
6,002
5,913
5,913
6 Grants payab
2024
2023
N*ional Honey Show
Asian Homel Alert
Ulster Bgekeepers A$S$￿Iation
Bees Abroad
Sl Marls Regents Park
St. Paul's Cathedral FOundat￿n
British Bèekeepers Association
5 Rrftes
Chades Buller400 FouThJation
st Vedasl
We5tmin51er Abb8y
Cty Special Events
Dr Stephen Green
M D McLoughlin
LCSC Annual Subs
Hayes & Fi￿h
William K￿d311,$ Chwty- candles for Sl. Paul's
A Briseombe
WCC J RKller
RAF Benevofenl Fund
City of London
FUF Conirosby
SLIU
Trustees of the UGS
Clty Special Events
St. Ma￿8 Secret Garden {Buzz in th8 Cty}
8.000
5,000
4,OC(J
3,150
2,000
1,186
1,210
7CN)
500
428
2.920
1,301
1.100
1,013
200
200
200
100
100
2,191
750
714
500
375
300
200
200
188
12,000)
17.852
27,258
Page 10

THE WAX CHANDLERS. CHARrrA8LE TRUST
NOTES TO THE AccouKf8
FOR THe YEAR ENDED 31 MARCH 2024
7 Recharyed éwnsos
2024
2023
Stoff costs
Off￿e costs
36,250
10,000
978
10.978
36,514
Staff Costs and office costs are administration costs recharged by The Worshipful Company ol Wax
Chandler8. See note 17.
8 Govèrna￿9 costs
2024
2023
Independent Examinerfs fee
2.172
2.010
2.010
9 Other costs
2024
2023
Bank charges
61
61
72
10 Trustees remun•ratk4n and expenses
There Y￿re no trustees, rernunerat￿ or other benerrts for the year ended 31 Marth 2024 nor fortho year
ended 31 March 2023.
There were no ITuslees' expenses reimbursod for the yoar ended 31 March 2024 nor for the y8aT ended 31
March 2023.
11 Staff costs
Staff costs c(>nprtse administration costs recharged by The W￿81￿pful C¢¥npany of Wax Chandlers. See
note 17.
Key management personnel eomprises on￿the trustees, none ofwhom wore r¥mun8rated.
) empknyees rec8w8d emoluments in ex￿5$ of £60,000.
12 Flx•d Asset Investments
2024
2023
List￿ Investments
Fair value at 1 April 2023
Fees charged
Irwme re-invested
ovement in Unreal￿ed g8insllk)ssas)
Movem6nt in exchange rate
Fair value at 31 March 2024
1,084,393 1.105.055
16,002}
15,913)
36,316
3SS
162.087
115,1851
162
81
1276 956 1084 393
The Fix&S Asset Investments include both tho Unra$trtt8d and ReStr￿ted fund$. For further inform*ion,
$ee r￿te 16 of the &counts.
Page 11

THE WAX CHANDLERS. CHARrrABLE TRUST
NOTES TO THE AGCOUIITS
FOR THE YEAR ENDED 31 MARCH 2024
Th8 a88et allocatron wllhln investsnents wa$ as foltm:
2024
2023
UK Hddings
Overseas Holdings
506,315
480.828
770,641
603,565
1276 956 1084 393
No hoklings comprrse more than 5% of the investment portfolto in 2023 or 2022.
13 DebtorJ
2024
2023
Trade debtors
GfftAd
Invesbnent In¢ome
39.343
4,681
7,926
54,815
4,684
14 Crodltor3: IlabililiK falllng du8 wlthln ono y•ar
2024
2023
Trade creditors
Accruals
22.264
2,112
24,376
10.264
2,765
13.029
15 Funds
Expendable Endowment Funds are thosg funds which are retained for the future benefrt of the chanlls
benefi￿a￿e3 but may be ccfivertod into income al the trustees, discretion. Income derpling from these
funds 13 unrestricted.
Unrestrided Incc4ne Funds are ￿se funds that are available to tha trustees to apply to the general
charilable purposes as laNJ out in the Trust Deed.
R8strict&l funds must be used for the 5p8crf￿ purpose laid down by tho donor. Expenditure which meets
that purp059 is alkxaled to the relevant restrthd fund.
Specfftalty.
- The Hall Fabric Fund- a fund used for refvrbishing Wax Chandkrs. Hall
- Pollinating London Tcgether- a fund that supports pollinators and related events
Movement In funds
Al 01.04.23
Net At 31.03.24
Movement
in fvnd8
Expendabl• Endowment Fund
Unrestiicl•d funds
685,192
360,562
107,121
25,981
792.313
386,544
R8stri¢led funds
Hall Fabric Fund
Pollinating London Together
TOTAL FUNDS
158.054
25,213
1 229 022
5.930
125,213}
113 819 1.342.842
163,984
P898 12

THE WAX CHANDLERS. CHARrrABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
l)urln9 the y￿r the mov•monts in th• charity's funds wero as follows:
Incoming Outgoing Gains and
rKources resourGes
Funds Movwnent
transfer
in funds
Expgndable Endo￿nt Fund
14,1191
111.240
107,121
Unrgstrlctod fund#
111.787
1109,690)
50,847
{26,9621
25,981
Rgstrfcted funds
Ham Fabric Fund
Pollinating London Together
TOTAL FUNI)S
5.930
5.930
125.2131
(52,180)
165,989
117,722 ￿ 162.087
DuriThJ the year. Pollinallng London Together (which was a prq'ect part funded by The Wax Chandlers,
Charitable Trust) eslablishgd itself as a separate charity no. 1201781. registered wth The Charity
Commission. 11 ￿11 be adminiqtered separately from The Wax Chandlers, Charitable Trust. The funds
relating lo Pollinating Lon¢Jon Together were a combination of Unroslricled and Restrirtfyj Funds which
were then combined into the Restricted Fund ptigr to liansferring to the new charrty.
26.962
113,819
Comparatlv•J for mov•ment In funds
Al 01.04.22
Net At 31.03.23
m¢)vemenl
in funds
Expendable Endowm•nt Fund
699,671
{14,480)
685.192
Unrestrlctod funds
353,325
7.234
360,562
Restricted funds
Hall FabrK Fund
Poll*iating London Together
TOTAL FUNDS
143.07S
4,323
14,980
20.891
158,054
25.213
1,200,394
28,625 1,229,022
Comparative not mov•ment In funds included In the above are as follows:
Incomlng Outgoing Gain8 and Movement
resources resour￿3
in funds
Expondable Endo¥￿trnt Fund
(4.058)
(10.421)
{14.4801
Unrgstrlcted funds
45,504
{33,5CEI
(4,764)
7,234
Rgstrfjcted fund¥
Hall Fabric Fund
Pollinating London Together
14,980
168,821
14,980
20,891
{147,9301
TOTAL FUNDS
229 305
185,495
15,185
28,625
Page13

THE WAX CHANDLERS. CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
16 Anjtysh of fundl
Ftxed
Assets
Current
Current
Assets Liabilib8s
Total
At 31-03-24
Expendab￿ Endowmonl
Unrestrided
RestrKted
792,313
320,659
183,984
1276 956
792.313
386,545
163,984
90 262 1 342.842
24.376
90.262
{24,3761
Al 314)>23
Expendable Endowmenl
Unrestricled
Re81riclwJ
685,192
241,147
158.054
1.084.393
685,192
360,563
183,268
1,229,022
132,445
25.213
157.658
113,029)
13.029
17 Rglated party dlsclosures
The Worshipful Ccmp8ny of Wax Chandlers 18 the sole Tru3t88 of the Charity and appoints the person$
vtho act as the Trustees of the Chsrity. The Charity shares a¢comm&Jation and cgrtain costs Thg
Worshipful Company of Wax Chandlers.
During the year £36,51412023'. £10.9781 was recharged lo the Charty by The Worshipful Company of Wax
Chandlers in this respect. At 31 March 2024 the Charity owed the Company £22,26412023'. £10,264).
During the year, the Company donated £40,27312023.' nil) to the Charty.
18 Connected parti•x
The Charity has a common Trustee and Shares accommodation with Willlam Kendall's Charty. Al 31
March 2024 the Charfy was owed £nil12023.' £nil} by Wllliam Kendall's Charty.
19 Flnanclal Instrumonts
2024
2023
Financial Instrument at Faw Value
1,276.956 1.084.393
Th8 Fair Valuo of the listed investments is derived from the market pr￿* of rdev8nl share8 a8 at th8
year end. For further infom)ation, see Note 12 of the account8.
Page 14

THE WAX CHANDLERS, CHARifABLE TRUST
DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024
31.03.2024 31.03.2023
INCOME AND eNDOWMENTS
Donats'(￿S and lews
Legacies
Other investrrtent income
88,172
194.168
10,000
25,137
29.550
Totsi Incomlng tesourc
117.722
229,305
EXPENDITURE
Invostmont managemonl costs
Porifolio management
6.002
5,913
Charltablo actlvltles
Grar
Fund raising costs
27,258
2.177
36,250
39,463
52,180
17,852
820
10.000
714
147.930
Office rent and rates
Pollinating London Together
Govemanco costs
Accounl8n¢y fe
Trustees insurane6
2,172
2,010
Other
Bank charges
Exchange rate varlar
61
162
72
{811
Totsl rosources expended
165.989
185.496
N•t incom•l(expondhurol before galns and losses
148267)
43.B10
Net in¢0mell•xp￿ditUrnI
(48,2671
43,810
This page d)es r*)t fomi part d the slatLrtory financial ststwnents.
Page15