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2020-12-31-accounts
| Referenceandadministrativeinformation |
3-4 |
| Trustees'AnnualReportfortheyearended31December2020 |
5-15 |
| Independentauditor'sreporttotheTrusteesofLondonCatalyst |
16-19 |
| Statementoffinancialactivities |
20 |
| Balancesheet |
21 |
| Notestothefinancialstatements |
22-30 |
| Summaryofallgrantspaidorcommittedin2020 |
31-35 |
| TheHospital-SundayAppealdonationsin2020 |
36 |
| capitalgrowthand |
income.Thein |
vestmentpara |
metersar |
eshowninthefollowingtable. |
|
ALLOCATION |
STRATEGIC |
|
|
| ASSETCLASS |
AT31DEC |
ASSET |
RANGE |
BENCHMARKINDICES |
|
2020 |
ALLOCATION |
|
|
| Cash |
2.5 |
5 |
0-15 |
Sterling3monthLIBOR |
| Governmentbonds |
|
7 |
0-20 |
FTSEAllStocksAllGilts |
| Indexlinkedbonds |
|
0 |
0-20 |
FTSEAllStocksIndexLinked |
| Corporatebonds |
|
8 |
0-20 |
MerrillLynchSterlingCorporateBonds |
| Overseasbonds |
|
0 |
0-10 |
JPMorganGlobalGovernmentBonds |
| Totalbonds |
11.6 |
15 |
10-30 |
|
| UKequities |
|
35 |
25-55 |
FTSEAllShare |
| Overseasequities |
|
35 |
15-45 |
MSCIACWorldexUK |
| Totalequities |
73.4 |
70 |
55-85 |
|
| Property |
|
10 |
5-15 |
MSCIUKMonthlyPropertyIndex |
| Absolutereturn |
|
0 |
0-10 |
RPI+2.5%p.a. |
| Commodities |
|
0 |
0-10 |
RogersInternationalCommodity |
| Totalalternatives |
12.5 |
10 |
5-20 |
--- |
| Total |
100 |
100 |
|
|
11 June 2021
|
|
2020 |
2019 |
|
|
Total |
Total |
|
Notes |
Funds |
Funds |
| Incomeandexpenditure |
|
£ |
£ |
| Income |
|
|
|
| Donations |
2 |
17,216 |
23,656 |
| InvestmentIncome |
3 |
212,200 |
305,075 |
| Totalincome |
|
229,416 |
328,731 |
| Expenditure |
|
|
|
| CostsofRaisingFunds |
|
|
|
| FundraisingCosts |
4 |
(3,545) |
(3,599) |
| InvestmentManagementCosts |
4 |
(31,854) |
(29,441) |
| ExpenditureonCharitableActivities |
|
|
|
| Grant-making |
4,6 |
(302,947) |
(299,356) |
| SupportCosts |
4,5 |
(98,307) |
(102,605) |
| TotalExpenditure |
4 |
(436,653) |
(435,001) |
| NetExpenditurebeforeinvestmentgains |
|
(207,237) |
(106,270) |
| Gainsoninvestments |
8 |
396,731 |
1,477,507 |
| NetIncomeandNetMovementinFundsforthe |
|
|
|
| Year |
|
189,494 |
1,371,237 |
| ReconciliationofFunds: |
|
|
|
| Balancesbroughtforwardat |
|
|
|
| 1January |
|
14,000,962 |
12,629,725 |
| Balancescarriedforwardat |
|
|
|
| 31December |
10,11 |
14,190,456 |
14,000,962 |
|
Notes |
|
2020 |
|
2019 |
|
|
£ |
£ |
£ |
£ |
| INVESTMENTS |
|
|
|
|
|
| Fundinvestments |
8 |
14,198,986 |
|
14,002,952 |
|
| TOTALFIXEDASSETS |
|
|
14,198,986 |
|
14,002,952 |
| CURRENTASSETS |
|
|
|
|
|
| Debtors |
9 |
28,307 |
|
26,100 |
|
| CashatBank |
|
10,589 |
|
11,344 |
|
|
|
38,896 |
|
37,444 |
|
| CURRENTLIABILITIES |
|
|
|
|
|
| Creditorsduewithinoneyear |
10 |
(47,426) |
|
(39,434) |
|
| NETCURRENTLIABILITIES |
|
|
(8,530) |
|
(1,990) |
TOTALASSETSLESS
CURRENTLIABILITIES |
|
|
14,190,456 |
|
14,000,962 |
| RepresentedBy: |
|
|
|
|
|
| UnrestrictedFunds |
11 |
|
14,190,456 |
|
14,000,962 |
| TOTALFUNDS |
12 |
|
14,190,456 |
|
14,000,962 |
| 2.DONATIONS |
|
|
|
|
|
|
2020 |
|
2019 |
|
|
£ |
|
£ |
| Donationsincludingdeedsofcovenant&GiftAid |
|
17,216 |
|
13,656 |
| BrownDogFamilyFoundation |
|
|
|
10,000 |
|
|
17,216 |
|
23,656 |
| Seepage36forthelistofdonationsreceivedintheyear. |
|
|
|
|
| 3.INVESTMENTINCOME |
|
|
|
|
|
|
2020 |
|
2019 |
|
|
£ |
|
£ |
| DividendsonUK/Foreignpooledfunds |
|
212,200 |
|
305,075 |
|
|
212,200 |
|
305,075 |
4.
TOTALEXPENDITURE |
|
|
|
|
|
|
|
2020 |
2019 |
|
£ |
£ |
£ |
£ |
|
STAFFCOSTS |
OTHER |
TOTAL |
TOTAL |
| Costsofraisingfunds |
|
|
|
|
| Fundraisingcosts |
3,545 |
|
3,545 |
3,599 |
| InvestmentManagementcosts |
|
31,854 |
31,854 |
29,441 |
| Charitableactivities |
|
|
|
|
| Grantmaking(note6) |
|
302,947 |
302,947 |
299,356 |
| Supportcosts(note5) |
67,352 |
30,955 |
98,307 |
102,605 |
| TotalExpenditure |
70,897 |
365,756 |
436,653 |
435,001 |
|
2020 |
2019 |
|
£ |
£ |
| Wagesandsalaries(95%) |
67,352 |
68,383 |
| Managementfees |
14,056 |
19,963 |
| Insurance |
783 |
783 |
| Sundryexpensesandotherexpenses |
5,256 |
5,976 |
| Auditor'sremuneration(note6) |
10,860 |
7,500 |
|
98,307 |
102,605 |
| taffCostsandRemunerationofKeyManagementPersonnel: |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Wagesandsalaries |
67,054 |
62,326 |
| Socialsecuritycosts |
3,840 |
3,521 |
| Overaccrualofhistoricsocialsecuritycosts |
(6,536) |
|
| Pension |
6,539 |
6,135 |
|
70,897 |
71,982 |
|
2020 |
2019 |
|
No. |
No. |
| SupportStaff |
1.4 |
1.4 |
6.
GOVERNANCECOSTS |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Currentyearauditfees |
7,680 |
7,500 |
| Prioryearauditfees |
3,180 |
|
| Total |
10,860 |
7,500 |
|
2020 |
2019 |
|
£ |
£ |
| Institutional |
303,745 |
302,391 |
| Prioryeargrantswithdrawn/returned |
(798) |
(3,035) |
|
302,947 |
299,356 |
|
(165grants) |
(167grants) |
|
2020 |
2019 |
|
£ |
£ |
| Listedinvestments |
|
|
| Marketvalueat1January |
13,935,508 |
12,540,115 |
| Additions |
709,371 |
4,350,914 |
| Disposals |
(911,244) |
(4,433,028) |
| NetRealisedandUnrealisedGains |
396,731 |
1,477,507 |
| Marketvalueat31December |
14,130,366 |
13,935,508 |
| Cashdepositsheldforinvestment |
68,620 |
67,444 |
| Totalinvestmentsat31December |
14,198,986 |
14,002,952 |
| Historicalcostat31December |
|
|
| (includingdeposits) |
12,080,521 |
12,399,281 |
| nvestmentsincludingcashdepositsareheld |
inthefollowinggeographicalareas: |
|
|
2020 |
2019 |
|
£ |
£ |
| UK |
7,882,775 |
8,761,787 |
| Europe(ExUK) |
536,041 |
488,846 |
| NorthAmerica |
658,130 |
695,186 |
| Pacific |
588,904 |
474,298 |
| Global |
4,533,136 |
3,582,835 |
|
14,198,986 |
14,002,952 |
han5%ofthetotalmarketvalueofnon-cashinvestments. |
|
|
|
2020 |
2019 |
|
£ |
£ |
| (sharesIIIPLC-CoreMSCIWorld |
2,132,247 |
1,897,521 |
| CharitiesPropPropertyFund |
1,335,087 |
1,372,894 |
| EvenlodeInvMgmtLtd |
1,234,394 |
1,369,108 |
| FundsmithLLP |
1,150,885 |
|
| VanguardFundsPLC-FTSE250UCITSETF |
887,309 |
954,686 |
| VanguardFundsPLC-S&P500UCITS |
811,794 |
725,922 |
| Legal&General—UKIndexTrust |
740,187 |
1,749,215 |
| LinkFundSolutionsLTD |
709,951 |
771,059 |
9.
DEBTORS |
|
|
|
2020 |
2019 |
|
£ |
£ |
| AccruedIncome |
28,307 |
26,100 |
|
28,307 |
26,100 |
| 10. CREDITORSDUEWITHINONEYEAR |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Accrualsforgrantspayable |
12,500 |
8,000 |
| Taxationandsocialsecurity |
1,873 |
8,389 |
| Tradecreditors |
33,053 |
22,785 |
| Othercreditors |
|
260 |
|
47,426 |
39,434 |
|
|
2020 |
|
2019 |
|
|
£ |
|
£ |
| Balanceat1January |
|
14,000,962 |
|
12,629,725 |
| Netexpenditureintheyear |
|
(207,237) |
|
(106,270) |
| Gainoninvestmentassets |
|
396,731 |
|
1,477,507 |
| Balanceat31December |
|
14,190,456 |
|
14,000,962 |
2.
ANALYSISOFNETASSETS |
BETWEENFUNDS |
|
|
|
|
|
|
2020 |
2019 |
|
£ |
£ |
£ |
£ |
|
FIXEDASSETS |
NETCURRENT
LIABILITIES |
TOTAL |
TOTAL |
| Unrestrictedfunds |
14,198,986 |
(8,530) |
14,190,456 |
14,000,962 |
|
14,198,986 |
(8,530) |
14,190,456 |
14,000,962 |
| Thetotalunrealisedgainsasat31December2020constitutemovementson |
|
| revaluationandareasfollows: |
2020 |
| Unrealisedgainsincludedaboveon investments |
2,118,465 |
| Reconciliationofmovementsinunrealisedgains: |
|
| Unrealisedgainsat1January2020 |
1,603,671 |
| Add:inrespectofdisposalsintheyear |
118,063 |
| Minus:netlossesarisingonrevaluationsintheyear |
396,731 |
| Totalunrealisedgainsat31December2020 |
2,118,465 |
| PROJECTGRANTS |
|
|
|
| Organisation |
Purpose |
Borough |
|
| Advice4renters |
SeniorRentersGroup |
Brent |
3,600 |
| LewishamRefugeeMigrant |
MigrantHubSetUp |
Greenwich |
4,000 |
| Network |
|
|
|
| AllHallowsFernStreetCentre |
FamilyEarlyHelpMatters |
TowerHamlets |
3,000 |
| Slide |
PerformanceGroupforAdultswitha |
Croydon |
2,000 |
|
LearningDisability(ALD) |
|
|
| AgeingWellInLewisham |
MyTimeToShineArtGroup |
Lewisham |
1,000 |
| PlayForProgress |
DramatherapyProgramme |
Croydon |
2,000 |
| GrowingHopeKing'sCross |
OccupationalTherapy/Speech& |
Camden |
2,000 |
|
LanguageTherapyService |
|
|
| WeSwim |
InclusiveSwimmingProgramme |
Islington |
1,000 |
| StepByStep |
SportsForChildrenWithSpecial |
Hackney |
1,000 |
|
Needs(SEND) |
|
|
| BagsOfTaste |
TacklingFoodPoverty:Training& |
Haringey |
2,000 |
|
VolunteerSupport |
|
|
| KidsKitchenCollectiveCIC |
KidsKitchenPopUps |
WalthamForest |
1,000 |
| EatClub |
DietandNutritionWorkshopsFor |
Southwark |
1,000 |
|
YoungPeopleAtDepaulUK |
|
|
| MindinCamden |
VoicesUnlockedPeerSupport |
London |
4,000 |
| ECYPS |
BreathingSpaces:ForParents |
Enfield |
2,000 |
|
ExperiencingPoorMentalWell-Being |
|
|
| FaceFrontTheatre |
SENDtheatreprogramme |
London |
1,000 |
| MadeinHackney |
Communityfooddeliveryservice |
Hackney |
3,000 |
| Young&Inspired |
BreakfastClubForChildrenWith |
Hackney |
500 |
|
SEND |
|
|
| TheCanvasCafe |
FoodDeliveryServiceforHomeless |
TowerHamlets |
1,500 |
|
People |
|
|
| Skylarks |
Outreachsatelliteplaysessionsfor |
Richmond |
4,500 |
|
ChildrenwithSEND |
|
|
| HounslowCitizensAdvice |
DebtAdviceService |
Hounslow |
3,000 |
| SuttonCruseBereavement |
AdviceandSupportService |
Sutton |
4,000 |
| GriefMattersSouthwark |
CounsellingSupportForNHSStaff |
Southwark |
5,000 |
| TheSpitzTrust |
CareHomeSongWritingProject |
Islington |
2,000 |
| SpitalfieldsCryptTrust |
AddictionRecoveryProgramme |
Islington |
3,000 |
| ParaDance |
OnlineDanceProject |
London |
2,000 |
| AbbeyCommunityCentre |
TechBuddiesProjectForThoseAged |
Camden |
2,500 |
|
70+ |
|
|
| BeyondtheStreets:DoorofHope |
OutreachWelfareSupportToWomen |
TowerHamlets |
3,000 |
|
SellingSexOnTheStreets |
|
|
| EnglishforAction |
CommunityOrganisers:One-To-One |
Lambeth |
1,500 |
|
SupportToMigrantsAndAsylum |
|
|
|
Seekers |
|
|
| HodanSomali |
EldersBefriendingProject |
Kensington& |
1,500 |
|
|
Chelsea |
|
PROJECTGRANTS(continued)
|
|
|
|
| Organisation |
Purpose |
Borough |
|
| Generate |
Anti-RacismTrainingForALD |
Wandsworth |
1,500 |
| OtakarKrausMusicTrust |
MusicGroupForPeopleRecovering |
Richmond |
1,500 |
|
FromMentalIII-Health |
|
|
| MarthaHouseAssociation |
MigrantAndRefugeeAccommodation: |
Hackney |
4,000 |
|
New`MoveOn'House |
|
|
| HealthyGenerations |
CovidDietandHealthOnlineSessions |
Islington |
1,000 |
| RefugeeCafé |
VolunteerTrainingProgramme |
Lewisham |
2,000 |
| Nightwatch |
EmergencySuppliesForHomeless |
Croydon |
3,000 |
|
OutreachProject |
|
|
| ComplementaryCare |
UrologyReflexologyProject |
Kingston |
3,000 |
| FeastWithUs |
VolunteerCoordinator:FoodParcel |
Camden |
3,000 |
|
DeliveryServiceToVulnerablePeople |
|
|
| CHATSPalace |
Artsgroupforolderpeople |
Hackney |
2,000 |
| RusheyGreenTimeBank |
LaunchpadFund:ToStimulateSocial |
Lewisham |
5,500 |
|
ActionProjects |
|
|
| FriendsOf1TowerBridge |
CareHomeArtandBefriendingProject |
Southwark |
1,600 |
| (Attend) |
|
|
|
| CarisCamden |
HostelPlayGroup |
Camden |
2,000 |
| CoachingForUnpaidCarers |
CarersCoaching |
Tower |
4,895 |
|
|
Hamlets/Hackney |
|
| AgeUKLondon |
FluVaccineBAMEOutreach |
Hammersmith |
4,000 |
|
Campaign |
&Fulham |
|
| WalthamForestConsciousCare |
MentalHealthPeerSupportGroups |
WalthamForest |
3,000 |
| Community |
|
|
|
| BreakingBarriers |
RefugeeEmploymentService |
Hackney |
3,000 |
| MarthaHouse |
RefugeeMoveOnAccommodation |
Hackney |
1,500 |
|
(PrivateDonation) |
|
|
| CroydonNightwatch |
HomelessOutreach |
Croydon |
1,500 |
|
(PrivateDonation) |
|
|
| SAMARITANGRANTS |
|
|
| Organisation |
District |
£ |
| EnfieldCitizensAdviceBureau |
Enfield |
1,300 |
| StonewallHousing |
London/Islington |
1,000 |
| TheMannaSociety |
Southwark |
1,000 |
| TheManna |
Islington |
1,000 |
| TraumaticStressClinic |
Camden |
2,500 |
| PositivelyUK |
Islington |
1,250 |
| CampSimcha |
London-Wide |
1,000 |
| ChaucerCentre |
Southwark |
1,000 |
| DisablementAssociationHillingdon |
Hillingdon |
400 |
| TheMarginsProject |
Islington |
1,000 |
| BigLocalWorks |
Southwark |
800 |
| HillingdonCarers |
Hillingdon |
1,000 |
| RoyalLondonHospitalSocialWorkTeam |
TowerHamlets |
800 |
| StChristopher'sHospice |
Bromley |
1,300 |
| SouthwarkAdultMentalHealthService |
Southwark |
1,500 |
| SouthLondonRefugeeAssociation |
Lambeth |
1,300 |
| LondonPathway |
Tower Hamlets |
1,000 |
| ActionForRefugeesInLewisham |
Lewisham |
1,000 |
| HounslowCitizensAdvice |
Hounslow |
1,500 |
| HelenBarnberFoundation |
London-Wide |
1,000 |
| VineyardCommunityCentre |
Richmond |
1,000 |
| CommunityDrugAlcoholRecoveryServices |
Merton |
1,500 |
| GlassDoorHomelessCharity |
Kensington&Chelsea |
1,500 |
| School-HomeSupport |
Barking&Dagenham |
1,000 |
| EarlyInterventionDept.CNWL |
Westminster |
800 |
| TheUpperRoom(StSaviour's) |
Hammersmith&Fulham |
1,500 |
| AgeUKRedbridge,Barking&Havering |
Redbridge,Barking&Havering |
1,500 |
| HealthyLivingProjectsLtd |
Redbridge |
1,600 |
| RoomToHeal |
Islington/London |
1,250 |
| AgeUKEastLondon |
Hackney/EastLondon |
1,500 |
| CameWomenDevelopOrganisation |
Ealing |
500 |
| AllPeopleAllPlaces |
Haringey |
1,000 |
| WoodfieldTraumaServiceCNWL |
Westminster |
1,000 |
| TheBaobabCentre |
Islington/London-Wide |
1,250 |
| BirthCompanions |
London-Wide |
1,500 |
| TheCaridonFoundation |
Croydon |
1,000 |
| TheRefugeeCouncil |
Hackney |
1,500 |
| Greenwich&BexleyCommunityHospice |
Greenwich |
1,000 |
| ElfridaSociety |
Islington |
1,000 |
| SLAMMentalHealthHomeTreatmentTeam |
Wandsworth |
500 |
| SLAMStart&SLTTeam |
Southwark |
1,500 |
| BonnyDownsCommunityAssociation |
Newham |
1,000 |
| Body&Soul |
London-Wide |
1,500 |
| KingsCollegeHospitalIntegratedDischargeTeam |
Lambeth |
1,000 |
| HolyTrinityChurch |
Haringey |
750 |
| AlternativesTrustEastLondon |
Newham |
1,250 |
| Welcare |
Lambeth |
1,000 |
| TheFoodChain |
London-Wide |
1,250 |
| BellFarmChristianCentre |
Hillingdon |
750 |
| SAMARITANGRANTS(continued) |
|
|
| Organisation |
District |
£ |
| MigrantsOrganiseLtd |
Ken&Chelsea/London |
1,500 |
| StGilesTrust |
Southwark/London |
1,000 |
| PositiveEast |
TowerHamlets/EastLondon |
1,250 |
| ToynbeeHall |
Tower Hamlets |
1,500 |
| EpsomGeneralHospital |
Surrey |
750 |
| AceOfClubs |
Lambeth |
1,500 |
| LondonJesusCentre |
Westminster |
1,000 |
| CityGateway |
TowerHamlets |
1,000 |
| BigIssueFoundation |
London-Wide |
1,000 |
| StepByStep |
Haringey |
840 |
| DiabetesActionCIC |
WalthamForest |
1,500 |
| Z2K |
Westminster |
1,500 |
| Praxis |
TowerHamlets |
1,500 |
| Guy's&StThomas'PalliativeCare |
Southwark |
800 |
| RiverHouseTrust |
Hammersmith&Fulham |
800 |
| Pathway |
Camden/TowerHamlets |
1,000 |
| StGeorge'sNHSTraumaticStressTeam |
Wandsworth |
1,000 |
| StJohnTheEvangelistChurch |
Hackney |
1,000 |
| LloydParkChildren'sCharity |
WalthamForest |
1,500 |
| MalachiPlace |
Redbridge |
1,000 |
| HSSH |
Ealing |
1,500 |
| CampaSimcha |
London |
1,000 |
| MildmayMissionHospital |
TowerHamlets |
1,000 |
| StJoseph'sHospice |
Hackney |
1,000 |
| HomertonHospital |
Hackney/EastLondon |
1,000 |
| LewishamAMHTeam |
Lewisham |
800 |
| 1485Charity |
|
|
| RefugeeActionKingston |
Kingston |
1,500 |
| HounslowCitizensAdvice |
Hounslow |
2,000 |
| VineyardCommunityCentre |
Richmond |
1,500 |
| TheUpperRoom(StSaviour's) |
Hammersmith&Fulham |
1,500 |
| AgeUKEastLondon |
Hackney/EastLondon |
2,000 |
| ComplimentsoftheHouse |
Lambeth |
1,500 |
| YKHDonation |
|
|
| RefugeeActionKingston |
Kingston |
1,500 |
| 999Club |
Lewisham |
1,500 |
| Donor |
|
£ |
| AntonyHornbyTrust |
|
1,000 |
| BERodmellTrust |
|
64 |
| ShareCertificateAuction(Spink&SonLtd) |
|
81 |
| StPaul'sCathedralRecitalCollection |
|
208 |
| StPaul'sCathedralDean'sFund |
|
500 |
| TheLovedayCharitable Trust |
|
1,000 |
|
InstitutionsTotal |
2,853 |
|
Individuals&anonymous |
12,037 |
|
Trustees |
2,326 |
|
TotalDonations |
17,216 |