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|Referenceandadministrativeinformation|3-4|
|---|---|
|Trustees'AnnualReportfortheyearended31December2020|5-15|
|Independentauditor'sreporttotheTrusteesofLondonCatalyst|16-19|
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|Statementoffinancialactivities|20|
|---|---|
|Balancesheet|21|
|Notestothefinancialstatements|22-30|
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|Summaryofallgrantspaidorcommittedin2020|31-35|
|---|---|
|TheHospital-SundayAppealdonationsin2020|36|
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|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|||
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11 June 2021
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|||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|
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|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|