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2021-03-31-accounts

Page
Reference and administrative details ofthe charity, its Trustees and advisers
Trustees' report 2-5
Independent
auditor's		 report on the financial statements 6-9
Statement offinancial activities 10
Balance sheet
Statement ofcash flows 12
Notes to the financial statements 13-25

Reference and administrative details ofthe charity, its Trustees and advisers details ofthe charity, its Trustees and advisers details ofthe charity, its Trustees and advisers details ofthe charity, its Trustees and advisers details ofthe charity, its Trustees and advisers
for the year ended 31 March 2021
Trustees Judge Emma Arbuthnot (resigned 31 January 2021)
Richard Kozak JP
Jane Richardson JP
Miss Louise Moloney
Judge Tanweer
Ikram
District Judge Sam Goozee
Senior District Judge Paul Goldspring (appointed 1 March 2021)
Charity registered
number 1046214
Principal office Ealing Magistrates Court
The Court House
Green Man Lane
London
W13OSD
Independent auditor Sayers Butterworth LLP
Chartered
Accountants		 &Statutory Auditor
3rd Floor
12Gough Square
London
EC4A 3DW
Bankers Barclays Bank pic
2 Victoria Street
London
SW1H OND
Investment advisors Sarasin & Partners LLP
Juxon House
100St Paul's Churchyard
London
EC4M 8BU

Expendable As restated
endowment Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
Note F
Income and endowments from:
Investments 190,544 190,544 191,103
Total income and endowments 190,544 190,544 191,103
Expenditure
on:
Raising funds:
Investment
management		 costs 33,746 33,746 32,742
Charitable
activities		 143,915 143,915 156,179
Total expenditure 177,661 177,661 188,921
Net income before net gains/(losses)
on investments 12,883 12,883 2,182
Net gains/(losses) on investments 850,628 850,628 (196,528)
Net income/(expenditure) 850,628 12,883 863,511 (194,346)
Transfers
between		 funds 13 1 213 (1,213)
Net movement
in		 funds 851,841 11,670 863,511 (194,346)
Reconciliation
of		 funds:
Total funds brought forward 4,304,237 65,676 4,369,913 4,564,259
Net movement
in funds		 851,841 11,670 863,511 (194,346)
Total funds carried forward 5,156,078 77,346 5,233,424 4,369,913

Balance sheet Balance sheet
as at 31 March 2021
2021 2020
Note
Fixed assets
Tangible assets 513
Investments 5,156,078 4,304,237
5,156,591 4,304,237
Current assets
Cash at bank and in hand 173,648 159,323
173,648 159,323
Creditors: amounts falling due within one
year 10 (96,815) (93,647)
Net current assets 76,833 65,676
Total assets less current liabilities 5,233,424 4,369,913
Total net assets 5,233,424 4,369,913
Charity funds
Expendable endowment funds 5,156,078 4,304,237
Unrestricted funds 77,346 65,676
Total funds 5,233,424 4,369,913

2021 2020
Cash flows from operating activities
Net cash used
in operating		 activities 16,223 13,224
Purchase oftangible
fixed assets		 (684)
Proceeds from sale of investments 864,986
Purchase of investments (866,199)
Net cash (used in)/provided by investing activities (1,897)
Change in cash and cash equivalents
in		 the year 14,326 13,224
Cash and cash equivalents at the beginning ofthe year 159,323 146,099
Cash and cash equivalents at the end of the year 173,649 159,323
The notes on pages 13to 25 form part ofthese financial statements

Unrestricted Total
funds funds
2021 2021
E
Income from investment portfolio 190,544 190,544
Unrestricted Total
funds funds
2020 2020
Income from investment portfolio 191,103 191,103
4. Investment management costs
Unrestricted Total
funds funds
2021 2021
Investment management fees 33,746 33,746
Unrestricted Total
funds funds
2020 2020
Investment management fees 32,742 32,742

Unrestricted Total
funds funds
2021 2021
Grants and relief payments 136,000 136,000
Support costs 7,915 7,915
Total 2021 143,915 143,915
Unrestricted Total
funds funds
2020 2020
Grants and relief payments 148,500 148,500
Support costs 7,679 7,679
Total 2020 156,179 156,179

Activities
undertaken
directly		 Support
costs		 Total
funds
2021 2021f 2021
Grants and relief payments 136,000 136,000
Support costs 7,915 7,915
Total 2021 136,000 7,915 143,915

Analysis ofe x penditure by activities (continuedj
Activities
undertaken Support Total
directly costs funds
2020 2020 2020
Grants and relief payments 'l48,500 148,500
Support costs 7,679 7,679
Total 2020 148,500 7,679 156,779
Analysis ofdirect costs
Total Total
funds funds
2021 2020
Grants and relief payments 136,000 148,500
Grants payable included in the above:
2021 2020
Addaction 6,000
Centre point 5,000 5,000
The Passage 5,000 5,000
The Manna Society 5„000 5,000
StAndrews 5,000
The Margins Project 5,000 5,000
The Big Issue 5,000 5,000
Toynbee
Hall		 5,000 5,000
East End CAB 5,000 5,000
Only Connect 5,000 5,000
St Hilda's 7,000 5,000
Refuge 7,500 5,000
Subtotal 54,500 61,000

Analysis ofexp e ndit ure
by activities (continued)
2021 2020
Subtotal
brought		 forward 54,500 51,000
Support Through Court 5,000 5,000
Tower Hamlets Mission 5,000 5,000
WLM 5,000 5,000
Glass Door 5,000 5,000
Clean Break 7,000 5,000
999Club 4,500 3,000
Clapton Common Boys Club 2,500 2,500
PACT 12,500
St Mungo's 10,000
St.Giles Trust 10„000
The Felix Project 5,000
Frontline 5,000
Beam 5,000
Prisoners'
Family		 and Friends 10,000
Prisoner's
Education		 Trust 10,000
Stoll 5,000
Thames Reach 5,000
Bede 5,000
The Stuart Low Trust 5,000
The Coombe Trust 5,000
Standing
Together		 5,000
Spitelfields
Crypt		 Trust 4,000
Marylebone
Project		 3,000
136,000 148,500

Analysis ofs upport costs
2021 2020
Audit fee (including 20% VAT) 6,348 6,174
Administration costs 1 333 1,430
Depreciation 171
Bank charges 63
7,915 7,679

Computer
equipment
f.
Cost or valuation
At 1 April 2020 1,478
Additions 684
At 31 March 2021 2,162
Depreciation
At 1 April 2020 1,478
Charge for the year 171
At 31 March 2021 1,649
Net book value
At 31 March 2021 513
At 31March 2020

Listed
investments
Cost or valuation
At 1 April 2020 4,304,237
Additions 866,199
Disposals (809,423)
Revaluations 795,065
At 31 March 2021 5,156,078
Net book value
At 31 March 2021 5,156,078
At 31March 2020 4,304,237
All investments are carried at their fair value.

2021 2020
F
Accruals and deferred income 7,815 8,147
Grants accrued 89,000 85,500
96,815 93,547

2021 2020
Financial assets
Financial assets measured at fair value through income and expenditure 5,156,078 4,304,237
Financial assets measured at amortised cost 173,648 159,323
5,329,726 4,463,560
2021 2020
Financial liabilities
Financial liabilities measured at amortised cost 96,815 93,647

Increase in expendable endowment funds 4,304,237
Decrease in unrestricted funds (4,304,237)

As restated Balance at
Balance at 1 Transfers Gains/ 31 March
April 2020 Income Expenditure in/out (Losses) 2021
K
Unrestricted
funds
General Funds-
all funds 65,676 190,544 (177,661) (1,213) 77,346
Endowment
funds
Endowment
Funds
expendable		 4,304,237 1 213 850,628 5,156,078
Total offunds 4&369,913 190,544 (177,661) 850,628 5,233,424
Statement offunds - prior year
As restated
As restated As restated Balance at
Balance at Gainsr 31March
1April 2019 Income Expenditure (Losses) 2020
Unrestricted funds
General Funds - all funds 63,494 191,103 (188,921) 65,676
Endowment funds
Endowment Funds-
expendable 4,500,765 (196,528) 4,304,237
Total offunds 4,564,259 191,103 (188,921) (196,528) 4,369,913

Analysis of net assets between funds -curr ent year
Expendable
endowment Unrestricted Total
funds funds funds
2021 2021 2021
Tangible fixed assets 513 513
Fixed asset investments 5,156,078 5,156,078
Current assets 173,648 173,648
Creditors due within one year (96,815) (96,815)
Total 5,156,078 77,346 5,233,424

2021 2020
Net
income/expenditure		 for the year (as per Statement of Financial
Activities) 863,511 (194,346)
Adjustments
for:
Depreciation
charges		 171
(Gains)/losses
on investments		 (850,628) 196,528
Increase
in creditors		 3,169 11,042
Net cash provided
by		 operating activities 16,223 13,224
2021 2020
Cash in hand 173„649 159,323
Total cash and cash equivalents 173,649 159,323