| Contents | |||
|---|---|---|---|
| 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 | details | of | the | charity, its Trustees and advisers | |
|---|---|---|---|---|---|---|---|
| for the | year | ended | 31 | March 2023 | |||
| Trustees | Richard Kozak JP | ||||||
| Jane Richardson JP (resigned | 5 December 2022) | ||||||
| Jane Smith JP (appointed | 5 January 2023) | ||||||
| Miss Louise Moioney | |||||||
| Judge Tanweer Ikram |
|||||||
| Senior District Judge Paul | Goldspring | ||||||
| District Judge Nina |
Tempia | ||||||
| Charity registered | |||||||
| number | 1046214 | ||||||
| Principal office | Ealing Magistrates | Court | |||||
| The Court House | |||||||
| Green Man Lane | |||||||
| London | |||||||
| W13 OSD | |||||||
| Independent | auditor | Sayers Butterworth | LLP | ||||
| Chartered Accountants |
8 Statutory | Auditor | |||||
| 3rd Floor | |||||||
| 12 Gough Square | |||||||
| London | |||||||
| EC4A 3DW | |||||||
| Bankers | Barclays Bank pic | ||||||
| 2 Victoria Street | |||||||
| London | |||||||
| SW1H OND | |||||||
| Investment | advisors | Sarasin 8 Partners | LLP | ||||
| Juxon House | |||||||
| 100St Paul's Churchyard | |||||||
| London | |||||||
| EC4M 8BU |
| Expendable | |||||||
|---|---|---|---|---|---|---|---|
| endowment | Unrestricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| Note | E | ||||||
| Income and endowments | from: | ||||||
| Investments | 179,851 | 179,851 | 182,201 | ||||
| Total income and | endowments | 179,851 | 179,851 | 182,201 | |||
| Expenditure on: |
|||||||
| Investment management |
costs | 33713 | 33713 | 36,094 | |||
| Charitable activities |
128,438 | 128,438 | 137,727 | ||||
| Total expenditure | 162,151 | 162,151 | 173,821 | ||||
| Net income before net (losses)/gains | |||||||
| on investments | 17,700 | 17,700 | 8,380 | ||||
| Net (losses)/gains | on investments | (316,289) | (316,289) | '/ 10,804 | |||
| Net (expenditure)/income | (316,289) | 17,700 | (298,589) | 119,184 | |||
| Transfers between |
funds | 12 | 3112 | (3,112) | |||
| Net movement in |
funds | (313,177) | 14,588 | (298,589) | 119,184 | ||
| Reconciliation of |
funds: | ||||||
| Total funds brought | forward | 6,269,666 | 82,943 | 6,362,608 | 5,233,424 | ||
| Net movement in funds |
(313,17?) | 14,588 | (298,589) | 119,184 | |||
| Total funds carried forward | 4,956,488 | 97,531 | 5,054,019 | 5,352,608 |
| Balance sheet | Balance sheet | |||||||
|---|---|---|---|---|---|---|---|---|
| as at 31 March 2023 | ||||||||
| 2023 | 2022 | |||||||
| Note | ||||||||
| Fixed assets | ||||||||
| Tangible assets | 171 | 342 | ||||||
| Investments | 4,956,488 | 5,269,665 | ||||||
| 4,956,659 | 5,270,007 | |||||||
| Current assets | ||||||||
| Cash at bank and | in | hand | 177,290 | 166,148 | ||||
| 177,290 | 166,148 | |||||||
| Creditors: amounts | falling due within one | |||||||
| year | 10 | (79,930) | (83,547) | |||||
| Net current assets | 97,360 | 82,601 | ||||||
| Total net assets | 5,054,019 | 5,352,608 | ||||||
| Charity funds | ||||||||
| Expendable endowment |
funds | 12 | 4,956,488 | 5,269,665 | ||||
| Unrestricted funds |
12 | 97,531 | 82,943 | |||||
| Total funds | 5,054,019 | 5,352,608 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Cash flows from operating | activities | ||||||
| Net cash | used in operating | activities | 14 | 14,254 | (4,717) | ||
| Purchase | of investments | (3,112) | (2,783) | ||||
| Net cash | used in investing |
activities | (3,112) | (2,783) | |||
| Change | in cash and cash | equivalents | in | the year | 11,142 | (7,500) | |
| Cash and | cash equivalents | at the beginning | ofthe year | 166,148 | 173,648 | ||
| Cash and cash equivalents | at the end | of | the year | 15 | 177,290 | 166,148 |
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2023 | 2023 | ||||
| F | |||||
| income from | investment | portfolio | 179,851 | 179,851 | |
| Unrestricted | Total | ||||
| funds | funds | ||||
| 2022 | 2022 | ||||
| Income from | investment | portfolio | 182,201 | 182,201 | |
| 4. | Investment | management | costs |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2023 | 2023 | |||
| Investment | management | fees | 33,713 | 33,713 |
| Unrestricted | Total | |||
| funds | funds | |||
| 2022 | 2022 | |||
| Investment | management | fees | 36,094 | 36,094 |
| Unrestricted | ||
|---|---|---|
| funds | Total | |
| 2023 | 2023 | |
| E | ||
| Grants and relief payments | 120,500 | 120,500 |
| Support costs | 7,938 | 7,938 |
| Total 2023 | 128,438 | 128,438 |
| Unrestricted | ||
| funds | Total | |
| 2022 | 2022 | |
| Grants and relief payments | 130,250 | 130,250 |
| Support costs | 7,477 | 7,477 |
| Total 2022 | 137,727 | 137,727 |
| Activities | |||
|---|---|---|---|
| undertaken | Support | Total | |
| directly | costs | funds | |
| 2023 | 2023 | 2023 | |
| E | E | ||
| Grants and relief payments | 120,500 | 120,500 | |
| Support costs | 7,938 | 7,938 | |
| Total 2023 | 120,500 | 7,938 | 128,438 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total | |||
| directly | costs | funds | |||
| 2022 | 2022 | 2022 | |||
| Grants and relief payments | /30,250 | 'I30,250 | |||
| Support costs | 7,477 | 7,477 | |||
| Total 2022 | 130,250 | 7,477 | 137,727 | ||
| Analysis ofdirect costs | |||||
| Total | Total | ||||
| funds | funds | ||||
| 2023 | 2022 | ||||
| E | |||||
| Grants and relief payments | 120,500 | 130,250 | |||
| Grants payable | included | in the above: | |||
| 2022 | 2021 | ||||
| E | |||||
| 999Club | 3,500 | ||||
| AET (Alcohol Education | Trust) | 5„000 | |||
| Centre point | 5,000 | 5,000 | |||
| Circle Community | 5,000 | ||||
| Clean Break | 7,500 | 7,500 | |||
| East End CAB | 5,000 | ||||
| Emmaus SLC |
5,000 | 9,000 | |||
| Frontline | 5,000 | ||||
| Glass Door | 5,000 | 5,000 | |||
| Groundswell | 5,000 | ||||
| Inner London Probation | Service | 1,250 | |||
| Just for Kids | 5,000 | ||||
| Subtotal | 47,500 | 36,250 |
| Analysis ofexpe | nditure by activities (continued) |
||
|---|---|---|---|
| 2023f | 2022 E |
||
| Subtotal brought |
forward | 47,500 | 36,250 |
| Key4 Life | 10,000 | ||
| Little Angel Theatre | 500 | ||
| Only Connect | 5,000 | 5,000 | |
| PACT | 12,500 | 12,500 | |
| Prison Fellowship | 5,000 | ||
| Refuge | 5,000 | 7.500 | |
| Spitalfields Crypt |
Trust | 5,000 | |
| St Andrews | 5,000 | ||
| St Giles Trust | 10,000 | 'I5,000 | |
| St Hilda's | 5,000 | ||
| St Mungo's | 10,000 | ||
| Support Through | Court | 5,000 | |
| Thames Reach | 5,000 | ||
| The Big Issue | 5,000 | 5,000 | |
| The Felix Project | 5,000 | 5,000 | |
| The Margins Society |
5,000 | ||
| The Marylebone | Project | 5,000 | |
| The Spires Centre | 5,000 | 5,000 | |
| Tower Hamlets | 5,000 | 5,000 | |
| Toynbee Hall |
5,000 | ||
| 120,500 | /41,250 | ||
| Less: unclaimed | grants | (6,000) | |
| Total grants payable | 120,500 | 136,250 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| E | ||||
| Audit fee (including | 20%VAT) | 6,720 | 5,903 | |
| Administration | costs | 950 | 1,302 | |
| Depreciation | 171 | 171 | ||
| Bank charges | 97 | 101 | ||
| ?,938 | 7,477 |
| Computer | ||
|---|---|---|
| equipment | ||
| Cost or valuation | ||
| At 1 April 2022 | 2,162 | |
| At 31 March 2023 | 2,162 | |
| Depreciation | ||
| , | At 1 April 2022 | 1,820 |
| Charge for the year | 171 | |
| At 31 March 2023 | 1,991 | |
| Net book value | ||
| At 31 March 2023 | 171 | |
| At 31March 2022 | 342 |
| Listed | ||
|---|---|---|
| investments | ||
| F | ||
| Cost or valuation | ||
| At 1 April 2022 | 5,269,665 | |
| Additions | 3,112 | |
| Revaluations | (316,289) | |
| At 31 March 2023 | 4,956,488 | |
| Net book value | ||
| At 31 March 2023 | 4,956,488 | |
| At 37 March 2022 | 5,269,665 | |
| All investments | are carried at their fair value. |
| 2023 | 2022 | |
|---|---|---|
| E | ||
| Accruals | 7,430 | 7,547 |
| Grants payable | 72,500 | 76,000 |
| 79,930 | 83,547 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| E | |||||||
| Financial | assets | ||||||
| Financial | assets measured | at fair value through | income and expenditure | 4,956,4&& | 5,269,665 | ||
| Financial | assets measured | at amortised | cost | 177,290 | 166,148 | ||
| 5,133,778 | 5,435,813 | ||||||
| 2023 | 2022 | ||||||
| Financial | liabilities | ||||||
| Financial | liabilities | measured | at amortised | cost | 79,930 | 83,547 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | Gains/ | 31 March | |||
| April 2022 | Income | Expenditure | in/out E |
(Losses) f |
2023 E |
|
| Unrestricted | ||||||
| funds | ||||||
| General Funds- | ||||||
| all funds | 82,943 | 179,851 | (162,151) | (3,112) | 97,531 | |
| Endowment | ||||||
| funds | ||||||
| Endowment | ||||||
| Funds- expendable |
5,269,665 | 3,112 | (316,289) | 4,956,488 | ||
| Total offunds | 5,352,608 | 1?9,851 | (162,151) | (316,289) | 5,054,019 | |
| Statement offunds | - prior year | |||||
| Balance at | ||||||
| Balance at 1 | Transfers | Gains& | 31Marcia | |||
| April 2021 | Income | Expenditure | inlout | (Losses) | 2022 | |
| Unrestricted | ||||||
| funds | ||||||
| General Funds- | ||||||
| all funds | 7Z,346 | 182,201 | (173,821) | (2,783) | 82„943 | |
| Endowment | ||||||
| funds | ||||||
| Endowment | ||||||
| Funds— | ||||||
| expendable | 5,156,078 | 2,783 | 110,804 | 5,269,665 | ||
| Total offunds | 5,233,424 | 182,201 | ('I73,821) | 110,804 | 5,352,608 |
| Analysis of net assets between funds - curr | ent year | ||
|---|---|---|---|
| Expendable | |||
| endowment | Unrestricted | Total | |
| funds | funds | funds | |
| 2023 | 2023 | 2023f | |
| Tangible fixed assets | 171 | 171 | |
| Fixed asset investments | 4,956,488 | 4,956,488 | |
| Current assets | 177,290 | 177,290 | |
| Creditors due within one year | (79,930) | (79,930) | |
| Total | 4,956,488 | 97,531 | 5,054,019 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| F | |||||||||
| Net (expenditure)/income |
for | the | year | (as per | Statement | of Financial | |||
| Activities) | (298,589) | 119,184 | |||||||
| Adjustments for: |
|||||||||
| Depreciation charges |
171 | 171 | |||||||
| Losses/(gains) on investments |
316,289 | ('110,804) | |||||||
| Decrease in creditors |
(3,617) | (13,268) | |||||||
| Net cash provided by/(used |
in) operating | activities | 14,254 | (4,717) | |||||
| 15. | Analysis ofcash and cash | equivalents |
| 2023 | 2022 | ||
|---|---|---|---|
| Cash | in hand | 177,290 | 166,148 |
| Total | cash and cash equivalents | 177,290 | 166,148 |
| At 1 April | At 31 March | |||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | Cash flows | 2023 | ||||||
| F | ||||||||
| Cash | at | bank | and | in | hand | 166,148 | 11,142 | 177,290 |