CHARITY REGISTRATION NUMBER: 1053102 St Lazarus Community of East London Trust Unaudited Financial Statements 31 December 2020 ErER Chartered Certified Accountants Ground Floor East 30-40 Eastcheap City of London London EC3M 1HD
it Lazarus Communlty of East London Trust Flnancial Ststements Year ended 31 Decernber 2020 Pages Trustees, annual report 1103 Independent examinerfs report to the trustees Statement of flnancial acmies Statement of financial posiiion Notes to the financial statements 7t016
St Lazarus Community of East London Trust Trustees. Annual Report Year ended 31 December 2020 The trustees present their re[ and the unaLMJited financial statements of the charity for the year ended 31 Dec8tnb9T 2020. Referenc8 and admlnlstratlvo delalls Reglstered charlty name St Lazarus Cofflmunty of Ea London Tntst Charity registration number lo5312 Prlnclpal of15ce Si. Lazarus arKI SL ArKlrews Church Rutland Road Forest Gate London E7 8PH Tho Irustoes His Erninen Archbishop Nikilas Loulias Mr Alexandros Pe10da$ Mr Angelos Zacharia Mr Panawotis Fokou Mr Chris Alexandrou Mr Alecos LyEardrcMJ Mr Panayiotis Kourtbs Mr Peter Zenios Independenl examlner DavKI KAY Chartered Certifie¢J Accountar Ground Aoor E 31)40 Easlcheap City of London London EC3M 1 HD
St Lazarus Community of East London Trust Trustees. Annual Report {¢c¥th Year ended 31 December 2020 Stw¢tyre, gov8mance Man8nt Legal and Administrative The chartty is controlled ty a de&J of trust whh sets the bS on which trustees operate arKI conlrd lh8 INsl.The trust is an unIror)*Bd entity arKI govemed by the trust dewj. Govemance The trusl is controlled and ¢)perated in Ihe interest of the local communty by elected trustees.The trustees are appointed for a ts¥8lve month pernd after which they may be re-elected. The trustees meet on a quarterly basis lo deliberato on the current issues a1 make apwcpriate and m40rity deciSn$ concerning the ehariws linanci arkj SOCI aff&rs. Risk Managemenl The IrLJStees have a dity lo saf&Juard the chantls assets and to ersure that the charity has adequate funds to meet all its current and fulure commrtrnents. The trustees ensure that the ¢UTrenl wocedures in place are able to meet the above duties and are reviewed regularly to &sUre they iemwn effective and relevant Objectlves and actlvllles General Obje¢tives The objects ol the charity are to acfvance Ihe Greek Orthcrtjox faith,to advance public education,to relieve poverty,sid(ness and distress and to provKle faCIleS in the interest of the social welfare loy recreation and leisure time acbvrties wrth the aim ot improving the condition of li18 loi the inhabitants of the London Borough ol Newtsm and rts environs. Welcoming arKI Hospitality The charity has actively encouraged and implemenled a poly whith welcomes eVerylY regardless ol ethni¢ity and social background who wish to rship and actsvely pacipate in the charity's currertt and luture aclivNies. Fund raising activities A sponsored wk held annually where members of the congregation and other volunteers participate. An annual fel8 is held at church pmiseS where eVeY is inwbj to part[Pate. Members of the commttteè arKJ those from St. Martha and Maria Charty OTganisation prepare food and assorted sweets which is sold lo guests. Supwrters and other members ol Ihe public are invited lo sponsor those participating. Other actmties under consKleration are swnsor&Y five sNde football toumaments aryj annual day trips.TtrE Committee is comeS new Kleas to improve and illcrease fund raising. Improving communicat The charity is hoping to buitt a website which il hopes will improve mmUnat10n tse1n the charity and the public and lo better promte the chartvs otyKtr"ves.
St Lazarus Communlty ot East London Trust Trustees, Annual Report (¢onlln4ted) Year ended 31 December 2020 Achlevements and perfomwn¢e During the Current year the trustees worked lo maintain the focus ot the trusfs actNilies as la1d out in tts objectives. These objectives are the provision of services for the local community, the uThJerslanding of Greek Orthodox faith. Ihe leaching and promotion ol Greek language, culture and ethos. It also provides SUPFX)rt lo members of the community in need through the work ol the Ladies Auxiliary committee whKh provides meals 10 those in need and visits and comforts people in hospitals. Flnan¢lal revlew Current Results The results for the period are shown on pages 5 10 6 together with the attached notes on pages 7 10 11 in the accounts. The Charity has register a net deficit of £26,237 01 donations received over expgnditure incurred which was offset against the charitys unreslrictaa reserves. FinanGial instruments The charity has a loan from the S&nl Nicholas Educational Trust which it took out in April 2017 and is pawng back in monthly instsllmants. The Iruslees, annual r8FXIrt was approved on 20 December 2022 and sign8d on of the board ol trustees by.. Mr Alexandros Pelopidas Trustee Mr Angelos Zacharia Trustee
St Lazarus Community of East London Trust Independenl Examiner's Report to the Trustees ol St Lazarus Community ol Easl London Trust Year ended 31 December 2020 I report lo the trustees on my examination ol the financial slalements ol St Lazarus Community of Easl London Trust I'the charity) for the year ended 31 December 2020. Responslbilitie$ and basls of report As the trusteos of the charity you a responsible lor the preparation of Ihe linancial statements in accordance wf(h the requirements of ihe Chariti88 Act 2011 Ilhe Aol'}. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrwng out my examination I have followed all the applicable Directions given by the Charity Commission under SelOn 14515llbl of She Act. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me Gause to believe that in any material resFXt'. accounling records were not kept in respact ol the charity as required by seclion 130 01 the Act., or the financial statemerrts do not accord with those records., or the financial statements do not comply th the applicable requirements concerning the form and content ol accounts set out in the Charities (Accounts and Rewrtsl Regulalions 2008 other ihan any requlrement that the acoourrts give a 'lrue and lair. view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attenb'on shoukj be drawn in this report in ordor to enable a proFfr urmlerstanding ol Ihe accounts to be reached. David Kay Chartered Certified Accountants Indendent Examiner Ground Floor East 30-40 Eastche2p City ol London London EC3M 1HD
St Lazarus Community of East London Trust Stslement of Financial Activilies Year ended 31 December 2020 2019 Unrostri¢ted funds Totsl fvnd$ Toll funds Incomg and endowmènt8 Donations and legacies Other trading activities Investment incom& 31,149 3,872 41 31.149 3.872 41 51.047 121 Total Incorne 35,062 35,062 51.168 Expendltur• Expenditure on rai8ing fUls.. Costs ol raisir¥J donatn$ aTrJ legacies Totsl •xpendltur• 61.299 61,299 61.299 49,686 61.299 49,686 Not (oxpondltur•ylncon 126,237) 128.237) olr ro¢ognlsgd galn8 and losae8 Gains from revalualton ot thxed assets 161,600 161,600 135.363 Not moyomonl In nd* 135.363 Re¢onclllatlon ol fvnds Total funds broughl forward a8 previously rwrted Prior year adjustment TO1 funds brought Ii)rward as restst&l Total lunds corrlod lorward 1,636,563 1,836,563 1,634,601 1,636,563 1.771,926 1.636,563 1.771.926 1.635,081 1,636,563 The slalernonl of linarKial activilies inclLMYes all gwns arKI losses recognised in thg aT. l income and oxpendtture derive trom continuiTrJ actswli•s. Tho nots$ on pggos 7 to 16 fomi prt otthg$0 flmnclal stalemet
St Lazarus Community of East London Trust Statement ol Financial Position 31 December 2020 2020 2019 Not• Flxod assets Tangibl& fixed assets Heritage assets 12 1.576,821 13 169.020 1.419,7) 169.020 1,745,841 1.568,810 Currant a$s6ts Stock5 Debtors Cash at bank aThJ in hand 14 15 3,260 6,971 53,854 69,938 57,114 77.014 Crodltors: amounts falllng dug ThTlthln one year Net ¢urrent assets 16 31,029 26,085 29,261 47.7S3 1,636.563 1,636,5&9 Totsl assets less current liabilltl•s 1,771,926 1,771,926 Net assets Funds of the ¢harlty Unre51ricted funds.. Revaluation resglV9 Other unrestricted income lurKIs 161,600 1.610,326 1.771.926 1.771,926 1,636.563 1.636.563 1,636,563 Total unrostriGtod funds Total charity funds 19 These financial statements were aFproved by the board ol truslees and authorised lor issue on 20 December 2022, and are signed on behalf ol the board by.. Mr Alexandros Pelopidas Trustee Mr Angelos Zacharia Trustee Th? notgs on pages 7 to 16 fonn part of thw flnancbal ststemènts.
St Lazarus Communlty of East London Trust Notes to the Financlal Stalemenls Year ended 31 Decomber 2020 G8neral informatlon The ¢harrty is a public banefit entity and a regi8lered charty in EnglaTrd and Wales and is unincorporated. The afjdress of the prirripd office Sl. Lazarus and St Andrews Church, Rulland Road. Forest Gate, LOn, E7 8PH. Stalemfrnt ot compllanee These linanrial statements havo boen prepafed in (xJmpllan¢e Vlith FRS 102, 'The Financial Reporting Standard awlicable in the UK and the Republic of Ir¢land', the Statement ol Recommended Practr. aF¢)licable lo chariti&s preparing their Unts in a¢¢ordance with th8 Financial Reporting SlarKlard appIable in the UK and Rgpublic of Ir8larKI IFRS 102} (Charities SORP IFRS 10211 arKI Chariti8s P&t 2011. countlng pollcle• •1$ of pr•parntlon The flnan¢ial statements have ljeen prepar8d on th8 hlslori¢al cost basis. as modffied by Ihg revalualion ol certain financid assets and liatmlrtles and investment WrtieS measured at fair value Ihrough in¢ome or expendilurts. The financial slalements are prepar&g in stertirvJ, wttich Is Ihg lunctiond currency of the 8nbly. Golng conc•rn Therg are no material uncertainties alut the chartys thllty lo o)ntinuo. Judgements and koy 8our¢o• of o8llmatlon unrtaInty Juthjemenls 1. The Carrng values of propety. plant and 1Pmen1 and intangible assets are assessed annually or more frequently il warranled by a chang¢ in circum*anc8. 11 rt is determined that the Carrn9 values ol assets cannot be ra0)VerJ. Ihe uTrJo4wnable amourts are ¢harg&d against current earnings. Estimation Uncertainty The useful lrfe ol kgy awts are estimatsd hawr¥J regard to such faclors as asset malnlenanca and usage. The useful INes of koy assets are annualty. Fund accountlng unrestrict fuNls are availat4e for use at tho thscretion of tho trustees to Ivrth•r any of tho ¢haritls purpo. Designated furKls are unr8str1Id furmts earmarkgJ by the tru&ees lor pattilar fvture project or ¢ommitment. Reslricled funds are Suectj lo restrictions on their expenthturg thlared by the donor or through Ihg terms of an atveal. and fall into one of Iv1 S¢laSSeS.. restricted income fund5 or end¢)wment fUts.
Sl Lazarus Community of East London Trust Notes to Ihe Financial Ststements (¢onllnuod) Yèar 8nd8d 31 Decemb6r 2020 Ac¢ountlng poll¢les (con11nd) nmmlng resour All incoming resources are included in the statement of financial activities when entiuement has passed lo the charity- il is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to parb"¢ular ¢alegories of income.. income from donations or grants is rgcognised when there is evidence of entr(lement to the gift, receipt is probable and its amount can be measured raliably. legacy income is recognised when receipt is probable and 8ntitlemerrt is established. income from donated goods is measured at the lair value ol the goods unless this is impractical to measure reliably, in which cas6 the value is derived from the cost to the donor OT the eslimated $Ie value. Donated facilities and services are recognised in the accounts when received rf the vdue can ba reliably measured. No amounts are includ1 lor the contribution ol genoral volunteers. income from contracts for the supply of semces 18 recconised WTth the delivery of the contracted service. This is classified as unrestrictèd funds unless there is a conlradual requirement for il lo be spent on a paCular purp)se and returned if unspent, in which Gase may be regardect as raslricled. Re$ource$ expended Expenditure is fgcognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recoVed. and is classified under headings of the statement of linancial activitses to which it relates.. experKliture on raising funds includes the costs ol all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charrtable activities includes all costs incurred by a charity in undertaking actwilies that further its charitable aims tor the benefit ol its beneficiaries, including those support costs and costs relating to the govemance of the chartty apportion8d to charitable aclivilies. other expenditure includes all expenditure that is neither lated to raising funds lor the charity nor part of its expenditure on charitable activities. All costs are allocated to exp9ndilure categories rellgcting the use ol the resource. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute lo on a reasonable. jJJslili8ble and consistent basis. Tonglble assets Tangible assets are initially recorded ai co, and subsequently slated at ¢ost less any accumulated depreciation and impalrmenl losses. Any tangible assets carr al valued amounts are recorded at the fair value at the dale of revaluab.on less any subsequent accumulated depro¢ialion and SubSU8nt accumulated impirment losses.
Sl Lazarus Community of East London Trust Notes to the Financial Statements {coniinued) Year ended 31 December 2020 Accounting poll¢les (contlnueé) Tanglble assets (¢Onllnu¢d) An increase in the carrying amount ol an asset as a result ol a revalualion, is recognised in other recognised gains and losses, unless it reverses a Charge for impaimient that has previously been recognised as expenditure wrthin the statement ol financial actsvilies. A decrease in the carryng amount of an asset as a result of revaluation. is reCOgned in other recognised gains and losses, except to which it offsets any previous revaluallon Gain, in which Gase the loss is shown within other recognised gains and losses on the slalem8nt ol finanoial activities. Deprgclatlon Depreciation is calculated so as lo write oll the cost or valuatson ol an asset, less its residual value, over the usefvl economic lrfe of that asset as follows: FTeehold Land £1,250,000 nol depreciated, Building £300,000 is depreciat&l at 1¥& 5 /0 rUcIng balance Fixtures and fittings Herltage 8ss•ts The charity holds heritage assets.which ar9 tangible fixed asseis ol historical,artistio or scientific importance that are held lo advance prevention and coservalion objectives of the charity- Newly purchased heritage assets are capitalised and included al cost including any incidental expenses of acquisilion. Where heritage assets were acquired in past accounting peTilS and not capitalised. il can be difficult or costly lo attribute a cost or value 10 them. In such casgs. these assets are excluded from the balance sheet il reliable o)sl information is not available and conventional valuation awroaches lack sufficient reliability or significant costs are involved in the reconstruction or analysis ol past accounb'ng Tecords or in valuation, which are onerous compared with the additional benefit derived by users of the a¢oounts in assessing the Irusl8es slewardship ol the assets. T1 very long expected lives of heritage assets, due lo their nature, value and need lo be protected and preserved means that depreciation is not material and is,Iherefore,not provided. Impalrment of flxed assets A remew IOT indicators ol impaimient is carried out at each repong date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amounl, the asset is impwred accordingly. Prior impaimients are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when il is not possible to estimate the recoveralJe amount ol an indivKlual asset, an estimate is made ol the recoverable amount of Ihe cash- generating unit to which the asset belongs. The cash-generattng unit is the smallest identifiable group ol assets that irtludes the asset and generates cash inflows Ihai largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill. the goodwi11 acquired in a business combination is, from the affjuisition date, alloGated to each of the cash-generating units thal are expected lo benefit from the synergies ol the combination. irrespective of whether other assets or liabilities of the charity are assigned to those units.
St Lazarus Communlty of East London Trust Notes io the Flnanclal Stalemenls Year ended 31 December 2020 Ac¢ountlng policlgs Slocks Stocks are measured al the lower of cost and eslimaled sellino price less costs to complete and sell. Cost includes all (xjsts ol purchase, costs ol nVeOn and other Gosts incurr&J in briroing tho stock to its present Iccalion and condrflon. Government grnnts Govornm&nt grants are recryJnis•d al the fair value of the assel re¢eried or rtrAwabl8. Grants are not recognised untsl there is reasonable assurance that Ihe ¢harTty will comply wlth tha Cotxlitions attaching to them arKI the grants will be reNed. Where the grant does not imwse Specifi fulure performance-r8Lqted conditions on the recipient, il is recognised in Income when the grant wc¢eeds are received or recavable. Where the grant does impose specifi1 tulure perfoManCe-relat conditions on th¢ r¢¢ipienl, il is ognised in income only when the Ferfomianctrrolalod condiiions have been mel. Whoro grants received are pmr lo satisfying the revenu8 rn"on Cfltena, they are Tgwgnised as a nan¢lo1 In¥truments A financial ass81 or a linanoal liabdity is recognised only when the chwity bMe$ a paty lo the contra¢tuJ provtsions of Ihe instrumont. Basic financial inslrumenls are InallY recognised at the amount rowVa or payabla Including any related transaction costs. Current assets and rrent liabifrttes are subwuenty moasured al the cash or other ¢onsid8ralion 8xpect8d to b8 paid or re¢eiv8d and r1 discounted. Debt instruments are suÈ6equenlly measur1 at amortwl cost. Wher9 invsslments In shares are publi¢ty traded or their fair value can olh6rwi88 measured raliably, the investment is subwuenlty measured at Iwr value wth changes in lair value recognised in income and expeThJiture. Al other such investrnents ara subw4uerrtly rneasud at cost less impairment. Other financial instruments, In¢lj1 d8ftvalNes, are Inth"ally Twni$1 at falr value. unles8 payment for an asset is deferr1 beyond nomial business terms or financed at a rale ol interest that 1$ not a mathel Tate, in which case the asset is measured at the present value ol the tulure payments diswunled at a market rat• of interest lor a similar debt instrument. Other financial instruments are subsequenty measurod at fair valu8. V1h any changos ognised in the statemènt of Ilnancaal acbwbes. with the exception of hech3ing instruments in a designated hethairo relathhip. Financial assets that are mgasur8d al st or amortised cost are review&d for c4)jeclivo Qde8 of impairment al the end of each Tep)rting dale. 11 thero is (&'ective ewdon¢e ol impairment, an impairment loss is re¢))gnisod under the appropriale headiThJ in Ihe statement of financial actsviknes in which the lirtl gain was rwni8ed. io
St Lazarus Community of East London Trust Notes io the Flnancial Statements Year ended 31 December 2020 £countlng pollcles (conth Flnanclal Instwments (eonttrn For JI equity inslrLtrnents regard18ss ol snifance, and other financial assets that are indmdually Snrf¢anl. Ihese are assessod irKJivJually tor impaimient. Other financial assets a either assessed indivKlualty or grouped on the basis ol similar credit risk characteristics. Any feversals ot impairment are rn11 IMMlatelY. to th8 exlent that the reversal does not resutt in a ¢arry)ng amount of ihe financial assel Ihat exceeds what tho carryrKJ amount would have been had tho imp&'mienl not previ¢)usly been recognisad. Inod conlrlbutlon pl•n¥ Contributions lo defined cOntributn plans are rwni8ed as an expense in ihe pgricd in which the related s9rvte is provJed. Prepaid cOntritonS are re¢ognis&J as an assel lo the exlenl that the prepayment Igad to a rthction in fulura payments or a cash refund. When contributvJns aro not exFectsd to be sellled wholly within 12 months ol the end ol the rewrting date in which the employEes render the relat&J service, the lithlty is measured on a discounted present valye basis. The unwinding of the discount is reccgnised as an expense in th8 period in vthich it ari. Donatlon8 and lty•cl8• Unrestricbj Total Fund• Unrestrictsd Total Funds Funts Funds 2019 Donatlon8 Congregation nIntrtiOn & Donallons Sponsored Walk Church Fote 25,092 1.100 48,707 1,340 48.707 1,340 1,000 1.1 Qrants Government grant income 4,957 31.149 4,957 31.149 51.047 51,047 Othèr Iradlng actlvltl8* UnresiTiCted Total Fund• unStricted Tolal Funds Funds Funds 2019 Parking Income 3,872 3.872 Inv•81ftrt Incom Unrgstricted Totol Fund• Unrestricted Total Funds Funds 2020 Funds 2019 Bank inlerost receNable 41 41 121 121 11
St Lazarus Community ot East London Trust Noles lo the Financial Statemenls Year ended 31 December 2020 Costs ot ralslng dorntlons and legacles Unrestrctsd Total Funds Unrestricted Total Funds Funds Funds 2019 Costs of rwing (h)natiO arKI legaryes - Donations 61,299 61.299 49,686 49,686 NBt (exp11re)nncon N8t (expen¢Sturellincome is Stal after chargWlcr4Yrfingl.' 2019 Depre(Mation of tangble frxed assets 4.569 1,652 Indep examinatlon feos 2019 Fees payable lo the inthperKlerrt examiner for.. IndepeTrJent examination of thè financial slatements 11K Staff costs The total staff Costs and empk)yee nefftS tor the repJTliThJ perij are andysed as followE.' 2019 Wag8s and salaries Employer contribLrf¥Jns to penSn pkns 15.21)0 11,4 100 15,31XI 11,5LN) The average head cwnl of ernOyeeS duriNJ th8 year was 4 {2019: 2). No employee receivgj employee benefits ol more than £60.(x) duriro the year (2019.. Nil). 11. Trustoe remun9ratk and exnseS No remuneration, expenses or other tenefils from Ihe charrty were rgcewed bythe trustees. 12
St Lazarus Community of East London Trust Noles lo the Financial Statemenls (¢tsnllnuedJ Year ènded 31 December 2020 12. Tangible fixed as$•t$ Freehold Fixtures and property fittings Total Cost At 1 January 2020 Revaluations 1.388,400 161.600 90,713 1,479,113 161.6CX) At 31 December 2020 1,550,¢0 90,713 1,640.713 Depreclatlon At 1 January 2020 Charge lor the year At 31 December 2020 59,323 1.569 59,323 4,569 63.892 3,000 3,000 60,892 Carrylng amount At 31 Decomber 2020 1,547.000 1,388,400 29,821 31,390 1.576,821 At 31 December 2019 1,419.790 1& Herltage assets The heritage assets are the sculptures, icons and olher religious ornamgnts made from precious metals that are utilised in the church. These ilems are acquired by the trustees and are IcK)ked after and mwnlained by a group 018 volunteers. Herltage asset 1 Cost or valuatlon At 1 January 2020 and 31 Decernbor 2020 Accumulated depreciatlon At 1 January 2020 and 31 Docgmber 2020 Carrylng amount At 31 Dgcember 2020 169,020 169,020 169,020 Al 31 December 2019 The statues, icons and ornaments have all been reported al cost. 13
St Lazarus Communlty of Easl London Trust Notes to the Flnanclal Statemenls {eonMnu8dJ Year ended 31 December 2020 1& Herltage assets {conllnued) Heritage assets ro¢ognlsed at valuatlon In respect ol heritage assets recognised al valuation. the aggregate (y)51. depreciation and comparable carrwng amourrt that would have be8n recognised rf the assets had been carried under the historical cost model are a5 follows.. Herltagg asset 1 At 31 December 2020 Aggregate cosl Aggregate depreciation Carrylng value 169,020 169,020 At 31 December 2019 Aggregate cost Aggregate depreciation Carrwng vdue 169,020 169,020 1& Sto¢k$ 2019 Raw materials and consumables 3,260 6,971 15. Deblors 2019 Prepayments and a¢crued income 105 16. Credltors.. amounts falllng due wlthln one year 2020 2019 Bank loans and overdrafts Trade creditors Accruals and deferred inGome 25.900 2,761 2,368 28,301 960 31,029 29,261 17. PMslons and other post retlrement bon8flts Dellned contrlbutlon plans The amount recognised in income or expendhure as an expense in Telalion lo defined contribution plans was £10012019.. £1001. 14
St Lazarus Community of East London Trust Notes lo the Flnancial Statemènts (eontlmthyj Year ended 310ecember 2020 18. Govgrnment grants The amounts recc¥Jnised in the financial statements for government grants are as follows.. 2020 2019 Reeognised in income Irom donations and legacies: Government grants income 4,957 19. Analysls ot charftable fundB Unrestrlcted fund$ At 1 Jan 2020 Gains and Prior year losses adjustments31 Dec 2020 Income Expenditure Generd funds Revaluation reserve 1,636,563 35,062 161,299) 1,610,326 161,600 161,600 161.60 1,636,563 35,062 161,2991 1,771,926 At 1 Jan 2019 Gains and Prior year At losses adjuslmeTrts 31 2019 Income Expenditure General funds Revalualion resetve 1,634.601 51,168 149,6861 480 1,636,563 1.634,601 51.168 149.6861 480 1,636,563 20. An0tyS of not 8wJets between funds Unrestricted Total Funds Funds 2020 Tangible fixed assets Heritage assets Nel a&*t¥ 1,576,821 169,020 1,745,841 1.576,821 169.020 1,745.841 Unrestricted Total Funds FLsnds 2019 Tangiblg fixed assets Heritage assets Net awt$ 1,419,790 169,020 1,419,790 169,020 1,588,810 1,588,810 15
St Lazarus Community of East London Trust Noies to the Financial Stalemenls (¢othwdJ Year ended 31 December 2020 21. Flnanelal Instruments The ¢arwng amount for each category of financial instrument is as foll¢)ws'. 2020 2019 Flnpncial Ilabllltlo$ mèasured at lalr valu8 through income and 0xndIture Financial liabilities measured at fair value through income and expenditure 25.900 28,3¢J) The loan will be derecognised ollcg It has been paid ofl in lull. The current eArrying value of the loan to Saint Nicholas Educalional Trusl is £25,900. 16