| Directors: | Mr SKangesan |
|---|---|
| Mr A Patel | |
| Mr RDadwal (until 3' July 2021) | |
| Secretary: | Mr S Kangesan |
| Registered Office: | 49Plashet Road |
| Upton Park | |
| London E13OQA | |
| Accountants: | Sokhi &Associates Ltd |
| Chartered Certified Accountants |
|
| 86BAlbert Road | |
| Ilford | |
| Essex | |
| IGI 1HR |
| Page | |||
|---|---|---|---|
| Management | Committee | Report | |
| Independent | Examiners | Repo&t | |
| Statement of | Financial Activities | ||
| Balance Sheet | |||
| Notes | |||
| Detailed Profit and Loss | Account | 15 |
| FOR THE Y | EAR ENDED 31ST | MARCH 2022 | MARCH 2022 | ||
|---|---|---|---|---|---|
| Restricted | Total | Total | |||
| Unrestricted | Income | Funds | Funds | ||
| Funds | Funds | ||||
| 2022 | 2021 | ||||
| Incoming resources | |||||
| Grants &Contracts | 21,146 | 210,258 | 231,404 | 345,846 | |
| Donations &Other Similar Income | 7,078 | 7,078 | 10,972 | ||
| Total incoming resources |
28,224 | 210,258 | 238,482 | 356,818 | |
| Resources used | |||||
| Direct Charitable Expenditure |
84,932 | 123,105 | 208,037 | 244,410 | |
| Other expenditure | 13,360 | 100,360 | 113,720 | 87,461 | |
| Total resources used | 98,292 | 223,465 | 321,757 | 331,871 | |
| Gross transfers between funds |
(70,068) | 70,068 | |||
| Net movement in funds |
(83,255) | (83,255) | 24,947 | ||
| Total funds brought forward | 75,000 | 162,021 | 237,021 | 212,074 | |
| Total funds carried forward | 75,000 | K | 78,746 | f153,746 | K237,021 |
| COMPANY NUMBER:3031652 | COMPANY NUMBER:3031652 | COMPANY NUMBER:3031652 | ||
|---|---|---|---|---|
| SUBCO TRUST | ||||
| BALANCE SHEET | ||||
| AT 31MARCH | 2022 | |||
| Note | 2022 | 2021 | ||
| Fixed assets | ||||
| Tangible assets | 55,123 | 51,028 | ||
| Current assets | ||||
| Cash at bank and in hand | 172,524 | 203,153 | ||
| Creditors | ||||
| Amounts falling due within |
||||
| one year 4 |
(73,901) | (17,160) | ||
| Net current assets | 98,623 | 185,993 | ||
| Total assets less current liabilities | 153,746 | 237,021 | ||
| Net assets | K 153,746 | S | 237,021 | |
| Capital and reserves | ||||
| Restricted reserves | 78,746 | 162,021 | ||
| Profit and loss account | 75,000 | 75,000 | ||
| Shareholders' funds |
K 153,746 | K | 237,021 |
| FOR THE YEAR | ENDED 31MARCH 2022 | |||
|---|---|---|---|---|
| Other | Restricted | Total | ||
| Reserves | Reserves | Equity | ||
| Balance | at 1April 2020 | 75,000 | 162,021 | 237,021 |
| Changes | in equity | |||
| Total comprehensive income |
(70,068) | (13,207) | (83,275) | |
| Balance | at31March 2021 | 4,932 | 148,814 | 153,746 |
| Changes | in equity | |||
| Transfer | between funds | 70,068 | (70,068) | |
| Balance | at 31March 2022 | f75,000 | K78,746 | K 153,746 |
| ncome | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| Da Care |
144,424 | 144,424 | 120,245 | ||
| Dunhill Medical Trust |
9,462 | 9,462 | |||
| National Lotte Covid 19Grant |
86,417 | ||||
| Race E uali —Dementia |
9,940 | ||||
| DMT-MLMC | 19,495 | ||||
| LBN —E ui ment | 3,729 | ||||
| LBN —Meals Subsid | 20,000 | ||||
| LBN —Hardshi Fund |
14,052 | ||||
| LBN —Connect Newham | 33,712 | 33,712 | 8,922 | ||
| LBN —Rates relief | 10,000 | ||||
| Awards for All |
9,890 | ||||
| Race E uali —Dementia |
25,352 | ||||
| Newham Food Bank |
5,966 | ||||
| LBN —Recove Grant Covid |
1 | 3,810 | 3,810 | ||
| LBN —Mental Health | 9.952 | 9,952 | |||
| Vibrance Personal Bud et | 6,160 | 6,160 | 10,440 | ||
| LBN —Herita eLe ac |
8,000 | 8,000 | |||
| LBN —Discretionar Grants |
11,684 | 11,684 | |||
| Universi ofEast London |
4,200 | 4,200 | 1,400 | ||
| Fundraisin Income |
4,464 | ||||
| Income From Meals Service | 163 | 163 | 4,444 | ||
| Donations | 6,222 | 6,222 | 897 | ||
| Miscellaneous Income |
693 | 693 | 1,185 | ||
| 28,224 | 210,258 | 238,482 | 356,818 |
| Land | Plant | |||
|---|---|---|---|---|
| and | and | |||
| Buildings | Machinery | Total | ||
| Cost: | ||||
| At 1 April 2021 | 89,834 | 207,001 | 296,835 | |
| Additions | 0 | 41,155 | 41,155 | |
| Disposals | 0 | (101,358) | (101,358) | |
| At 31March 2022 | 89,834 | 146,798 | 236,632 | |
| Depreciation: | ||||
| At 1 April 2021 | 72,684 | 173,123 | 245,807 | |
| Charge for the year | 1,715 | 9,922 | 11,637 | |
| On disposals | 0 | (75,935) | (75,935) | |
| At 31 March 2022 | 74,399 | 107,110 | 181,509 | |
| Net book value: | ||||
| At 31March 2022 | 15,435 | 6 39,688 | K | 55,123 |
| At 31March 2021 | 17,150 | E, 33,878 | K | 51,028 |
| 4. | Creditors - amounts | falling due within | one year | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Other creditors | 17,781 | 17,160 | |||
| Deferred Income —Compass Wellbeing | Grant | 56,120 | 0 | ||
| K73,901 | K 17,160 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Grants | |||||||
| National Lottery Covid 19 Grant |
0 | 86,417 | |||||
| Vibrance Personal Budget | 6,160 | 10,440 | |||||
| University ofEast London | 4,200 | 1,400 | |||||
| Race Equality - Dementia | 0 | 9,940 | |||||
| DMT -MLMC | 0 | 19,495 | |||||
| Dunhill Medical Trust | 9,462 | 0 | |||||
| LBN - Equipment | 0 | 3,729 | |||||
| LBN - Meals Subsidy | 0 | 20,000 | |||||
| LBN - Hardship Fund |
0 | 14,052 | |||||
| LBN - Connect Newham | 33,712 | 8,922 | |||||
| LBN - Rates Relief | 0 | 10,000 | |||||
| LBN - Recovery Grant Covid | 1 | 3,810 | 0 | ||||
| LBN - Mental Health | 9,952 | 0 | |||||
| LBN - Heritage Legacy | 8,000 | 0 | |||||
| LBN —Discretionary Grant |
11,684 | 0 | |||||
| Awards For All | 0 | 9,890 | |||||
| Race Equality - Dementia | 0 | 25,352 | |||||
| Miscellaneous income |
693 | 1,185 | |||||
| Newham Food Bank |
0 | 5,966 | |||||
| Donations | 6,222 | 877 | |||||
| Fundraising Income |
0 | 4,464 | |||||
| Day Care | 144,424 | 120,245 | |||||
| 238,319 | 352,374 | ||||||
| Miscellaneous Other Operating |
Income | ||||||
| Income from Meals Service | 163 | 4,444 | |||||
| 238,482 | 356,818 | ||||||
| Overheads | |||||||
| Other Administrative Costs |
321,757 | 331,871 | |||||
| (321,757) | (331,871) | ||||||
| (Loss)/Profit on ordinary |
activities | K(83,275) | 24,947 |
| FORT | HE YEAR | ENDED 31MARCH 2022 | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Other Administrative | Costs | ||||
| Salaries and National Insurance |
84,932 | 81,576 | |||
| Other StaffCosts | 9,202 | 2,985 | |||
| Light &Heat | 2,349 | 1,295 | |||
| Rent &Rates | 17,755 | 15,287 | |||
| Printing, Postage and Advertising |
2,314 | 666 | |||
| Telephones and Fax |
5,536 | 4,028 | |||
| Insurance | 9,877 | 9,662 | |||
| Licences and Subscriptions | 263 | 5,376 | |||
| Cleaning &Pest Control | 2, 1II | 841 | |||
| Travel, Trips &Holiday | expenses | 395 | 2,861 | ||
| Vehicle Running Expenses |
10,648 | 9,209 | |||
| Luncheon Club Expenses |
5,475 | 3,267 | |||
| Legal, Professional &Consultancy | Fees | 3,375 | 7,276 | ||
| Events, Functions &Activities | 0 | 1,000 | |||
| Bank Charges | 120 | 0 | |||
| Sundry | 48 | 100 | |||
| Covid 19PPE | 63 | 1,569 | |||
| Repairs &Maintenance | 30,662 | 4,758 | |||
| Elders Activities | 0 | 2,054 | |||
| StaffTraining | 167 | 140 | |||
| Big lottery Reaching Communities National Lottery —Covid 19 |
0 31,152 |
15,208 56,637 |
|||
| Race Equality Foundation | 0 | 25,413 | |||
| Dunhill Medical Trust |
21,306 | 14,478 | |||
| LBN - Connect Newham | 33,712 | 8,923 | |||
| Meals C19 | 0 | 9,924 | |||
| Donations | 6,171 | 0 | |||
| DC C19 | 5,130 | 8,517 | |||
| Food Bank | 0 | 5,966 | |||
| LBN - Hardship | 0 | 10,591 | |||
| Awards for All | 3,244 | 4,890 | |||
| LBN - Equipment | 0 | 3,799 | |||
| University ofEast London | 2,800 | 1,400 | |||
| LBN - Covid Recovery | I | 3,813 | 0 | ||
| LBN - Mental Health | 9,943 | 0 | |||
| UCL Eval Exchange | 756 | 0 | |||
| LBN - Heritage Grant | 4,077 | 0 | |||
| LBN - Carers | 1,001 | 0 | |||
| Accountancy | 1,800 | 1,800 | |||
| Depreciation | 11,637 | 10,375 | |||
| Profit on disposal ofAssets | (77) | 0 | |||
| 321,757 | 331,871 | ||||
| Total overhead expenses |
8321,757 | K331,871 |