11. Expenditure on charitable activities (continued)
Grant commitments vary in size from an individual post to a full redesign of a service or a building. This can cause significant
movements in the expenditure within a category from one year to the next.
New grants committed in the year are recognised as charitable expenditure in the year in which they are made and are shown above.
Writebacks of underused grants are released against the line of charitable expenditure to which they were originally made. In year
grants awarded totalled £87,938,000 (2022: £99,508,000). Grant writebacks totalled £17,257,000 (2022: £12,150,000) and discounting
adjustments resulted in £3,409,000 credit to expenditure (2022: £7,943,000 credit to expenditure).
Grants to institutions and partner organisations resulted in expenditure of £50,395,000 (2022: £60,331,000). Grants to individuals
totalled £16,877,000 (2022: £19,084,000). A list of the grants made to institutions and partner organisations is disclosed in a separate
publication which is available on the Charity's website.
The grants figure shown above comprises both multi-year grants where the full cost is recognised as a liability on the balance sheet
in the year of commitment and those grants, mainly Macmillan grants, which are wholly disbursed during the year. Multi-year grants
are recognised as expenditure in full in the year of commitment.
12. Net expenditure for the year
This is stated after charging: 2023 2022
£'000 £'000
Depreciation 545 417
External auditor fees
• Audit work 146 168
• Audit related assurance services 6 8
Operating lease rentals:
• Property 3,424 3,323
• Vehicles and equipment - 22
External auditor fees above represent the fees receivable by the auditors (see note 9).
No trustee has received any remuneration from the Group during the year (2022: £nil). The total amount of trustee expenses incurred
directly by Macmillan or reimbursed during the year was £8,301 (2022: £5,339), which all related to trustee meetings and seminar
attendance. Two trustees were reimbursed in 2023 (2022: two). Donations received from trustees during the year totalled £1,780
(2022: £2,688). Trustees also generate non donation income through their involvement in, and support of, other Macmillan activities.
106
Environmental, social
and governance review
Financial review
Strategic report
Overview
Financial statements
Thank you