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|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|
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|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|||
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|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|
##
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|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||
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|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|
##
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|||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|
##
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|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|
##
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|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|
##
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|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|
##
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|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|
##
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||||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|
##