2021-12-31-accounts

Chief Executive's Report		3-4
Trustees Report including Directors Report:
Reference and Administrative	Details	5
Objectives and Activities		6-7
Performance and Achievements		7-8
Governance and Management		8-9
Financial Review		9-11
Independent Auditors Report		12-15
Statement of Financial Activities		16
Balance Sheet		17
Statement ofCash Flows		18
Notes to the Financial Statements		19-31

Chairman	oftrustees	Philip Howard
		Rebecca Byme
		Michael Hlggin
		Leone McKinley
		Jan Pethick
		Michael StAldwyn
		Joanna Rowelle
Chief Executive		Pat Shelley
Charity Number		1086850
Company	Number	4133046
Registered	ONce	Tottenham Green Enterprise		Centre
		Town Hall Approach	Road
		Tottenham
		N1S 4RX
Auditors		Kevin J Rhind
		Comer Cottage
		Hempstead
		Noiwlch
		NR12 OSH
Bankers		CAF Bank
		Kings Hill
		West Mailing
		Kent ME194TA

Forthe year ended 31stDe	cemb	er 2021
			Restricted	Unr~estrtct
			~Fn s	Funds	2021	2020
		Notes	E	E	E	E
Incoming Resources
Incoming resources from generated
funds:
Voluntary income
Grants and donations		4	342,920	212,004	554,924	467,532
Incoming resources from choritable
activities
Rents receivable				163,275	163,275	128,842
Other				30,489	30,489	26,324
Total Incoming Resources			342,920	405,768	748,688	622,698
Resources Expended
Costofgenerating funds
Cost ofgenerating voluntary	income		30,000	34,294	64394	71,750
Chari table activities
Rent and service charges		7	10,000	176,776	186,776	174,299
Support to young entrepreneurs		and
businesses		7	183,789	221,993	405,782	335,842
		7	193,789	398,769	592458	510,141
Other
Transfer ofReserve to
Launch ItTrust Paisley						13,850
Total Resources Expended			223,789	433,063	656,852	595,741
Net Income/(Expenditure)	for the Year 10		119,131	(27,295)	91,836	26,957
Transfers between Funds		18	(2,890)	2,890
Net Movement in Funds			116,241	(24,405)	91,836	26,957
Fund Batances Brought Forward		18	56,859	8,614	65,473	38,516
Fund Balances Carried Forward		18	E173,100	E(15,791)	6157,309	E65,473

					~221		2il?2I
			Notes	E	E	E	E
Fixed Assets
Tangible Assets			13				3,062
Current Assets
Debtors			14	141,700		47,995
Cash at Bank and in	Hand			248,437		202,683
				390,137		250,678
Creditors: Amounts		falling
due within one year			15	198+51		155,368
Net Current Assets					191,786		95,310
Total Assets less Current
Liabilities					192,135		98,372
Creditors: amounts	falling
due after more than		one year	16				32,899
					E157,309		E65,473
Reserves
Restricted Funds			18		173,100		56,859
Unrestricted Funds			18		(15,791)		8,614
Total Funds			20		E157,309		E65,473

Forthe year 31stDecembe	r 20	21
				2021	2020
			Notes	E	E
Cash Flow from Operating	Activities		21	46,103	52,488
Interest Paid
Net Cash Flow from Operating		Activities		46,103	52,488
Cash Rows from Investing	Activities
Investment Income
Purchase ofTangible Fixed	Assets
Net Cash Flow from Investing Activities
Increase In Cash and
Cash Equivalents in the year				45,754	52,488
Cash and Cash Equivalents	at
the beginning ofthe year				202,683	150,195
Total Cash and Cash Equivalents
at the end ofthe year				E248,437

4.	Donations and Grants
				Restricted	Unrestricted	2021	2020
				E	E	E	E
	Arm Ltd				5,000	5,000
	Basil Postan				20,000	20,000	20,000
	The Blagrave Trust			70,530		70,530	81,695
	The Bridge House Estates						21,900
	Byrne Charitable Trust				25,000		24,989
	CAF Bank						5,000
	Catherine and John Armitage				50,000	50,000	40,000
	Coronavirus Job Retention		Scheme	4,600		4,600	35,716
	D'Angelin				10,000	10,000	7,500
	Drapers' Company						20,000
	Charities Aid Foundation			111,400		111,400
	The Findlay Charitable	Trust					15,000
	Garfield Weston Foundation				25,000	25,000
	The Generations Foundation			7,500		7,500
	The Greater London Authority			63,890		63,890
	Harlngey Council						10,000
	Paul Hanison						10,000
	C.Hoare &Co				5,000	5,000
	Philip Howard				2,500	2,500	12,500
	KFC Foundation				10,000	10,000	5,000
	Uberum Foundation						6,000
	Moat Homes Ltd			10,000		10,000
	Paul Hamlyn Foundation			45,000		45,000	50,000
	Jan and Belinda Pethick Charitable			Fund	10,000	10,000	10,000
	The Progress Foundation			15,000		15,000
	The Rank Foundation				25,000	25,000	30,000
	Southwark Council						25,000
	Swlre Charitable Trust			10,000		10,000	10,000
	The Tallow Chandlers'	Company		5,000		5,000	5,000
	Troy Asset Management				21,500	21,500	11,500
	29"May Charitable Trust						7,500
	Gift Aid Received				688	688	3,125
	Other Donations				2,316	2316	107
				E342,920	E212,004	E554,924	E467,532

		2021	2020
		E	E
Fundraising	events		1,825
Other		30,489	24,499
		E30,489	E26,324

Analysis of E	xpenditure	on Charitab	le Activities
			Undertaken	Support
			Directly	Costs	Total	2020
			E	E	E	E
Rent and service charges			186,776		186,776	174,299
Salaries, NI and pensions			184,072		184,072	199,365
Consultancy	fees		9,750		9,750	4,000
Awards			76,176		76,176	39,088
Project costs			55,846		55,846
Information	technology		11,674	4,629	16,303	16,255
Offic costs,	including	insurance	11,496	20,298	31,794	33,806
Other staff costs			9,370		9,370	5,746
Bad debts written off			3,833		3,833	10,020
Concesslonary loan recovered			(12,500)		(12,500)
Capital items	and depreciation		3,062		3,062	3,066
Other Support costs				18,068	18,068	18,326
Governance	costs			10,008	10,008	6,170
			E539,555	E53,003	E592,558	E510,141

		2021	2020
		E	E
Other Support costs:
Accountancy	costs	18,000	18,000
Bank charges	and interest	523	326
		E18,523	E18,326
Governance	costs:
Auditors' remuneration		6,000	6,000
Conference fees		2,253
Travel costs		1,755
Legal fees			170
		E10,008	E6,170

Net Outgoing	Resources
		2021	2020
		E	E
Net Outgoing	Resources is stated
after charging:
Depreciation		3,062	3,066
Auditors' remuneration:
For audit services		6,000	6,000
Operating lease rentals		95,000	105,000

follows:
		2021	2020
		Number	Number
Direct Charitable	Expenditure	2	2
Fundraising		1.6	2
Support		1.9	1.5
			5.5
Staff Costs:		E	E
Wages and Salaries		210,993	232,979
Sodal Security Costs		19,289	19,888
Pension Costs		14,981	14,015
		E245463	E266,882

13.	Tangible Fixed	Assets
			Furniture	ONce	&Computer
			&Fittings	Equipment		Total
			E		E	E
	Cost
	At 1stJanuary	2021	3,950		11,311	E15,261
	Additions				349	349
	At 31stDecember 2021		3,950		11,660	E15,610
	Depreciation
	At 1stJanuary	2021	3,950		8,249	12,199
	Charge for the	year			3,062	3,062
	At 31stDecember 2021		3,950		11,311	E15,261
	Net BookValues
	At 31stDecember 2021				349
	At 31stDecember 2020				3,062	E3,062
14.	Debtors
				2021		2020
				E		E
	Rent Debtors			57,078		29,410
	Gift Aid Receivable			625		9,375
	Grants receivable			63,890
	Concessionary	Loan to The Trampery		12,500
	Prepayments			6,350		6,435
	Other including	Staff Travel Loans		1,257		2,775
			E141,700			E47,995

Creditors:	Amounts	falling due within o	ne year
			2021	2020
			E	E
Trade Creditors			54,077	52,065
Other Creditors			1,676	5,885
VAT			4,745	607
PAVE and	Nl		6,740	9,568
Accruals			131,113	87,243
			E198351	E155,368
Creditors:	Amounts	falling due after more than one year
			2021	2020
			E	E
Tenants'	Rental Deposits		634426	E32,899

non-ca	ncella	ble operating leases, as foll	ows:
			Land	and	Bugdings
			2021		2020
			E		E
Expiry	Date
WIthin	one	year	E25,000		E25,000

			2021	2020
			E	E
Net Income	for the Year		91,836	26,957
Depreciation	Charge		3,062	3,066
Increase In	Debtors		(93,705)	(3,598)
Increase in Creditors			44,910	26,063
Cash Flow from Operating		Activities	E46,103	E52,488