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2021-05-31-accounts

Contents Page
Directors'/Trustees' report 1-5
Auditors report 6-8
Statement of Financial Activities
Statement of Financial Position 10
Notes to the financial statements 11-16

Total Total
Unrestricted Restricted 2021 2020
Notes F E
c min
R
Donations
and legacies		 4 293,711 293,711 191,548
Investment
Income		 133,419 133,419 147,419
Grants
and other income		 67,900 67,900
495,029 495,029 338,967
investment
Management
Costs		 13,645 13,645 23,371
Direct Charitable
expenditure		 45,605 45,605 93,830
Management
and Administration		 35,306 35,306 37,055
Total Resources Expended 94,556 94,556 154,256
Net income from charity's
activities		 400,473 400,473 184,711
Gains
/ (losses) on property		 Disposal
Net Movement
before unreallsed
gains and losses 400,473 400,473 184,711
Gains/(losses)
on investment		 property
revaluation (1,128,020)
Net Movement
in Funds		 400,473 400,473 (943,309)
Funds as at 1 August 2020 4,21?,181 3,385 4,220,566 5,163,874
Restated
reserves
Funds as at 31 May 2021 4,617,654 3,385 4,621,039 4,220,565

R r
4 Donations and legacies Unrestricted Restricted 2021 2020
F
General
Donations		 283,681 283,681 121,364
COVID-19 assistance 44,537
User Group Contributions 25,647
GIR Aid 10,030 10,030
293,711 - 293711 191,548
5 Investment Income Unrestricted Restricted 2021 2020
F
Rental Income 133,417 133,417 147,417
Profit on Bank Balance 2 2 2
133,419 - 133,419 147,419
6 Grants and other Income Unrestricted Restricted 2021 2020
F.
Gain on disposal offixed asset 42,086 42,086
HMRC JRS 12,906 12,906
Newham
Council		 12,908 12,908
67,900 67,900
Total Income 495,029 495,029 338,967

nses Summa nses Summa
7 Investment
Management		 Costs Unrestricted Restricted 2021 2020
E f. f.
Property
maintenance		 5,316
Insurance 4,867 4,867 3,392
Legal and professional fees 6,170 6,170 3,175
Finance charges 2,608 2,608 11,488
13,645 13,645 23,371
8 Direct Charitable
Expenditure		 Unrestricted Restricted 2021 2020
E E E E
Rent, Rates and Water 19,088 19,088 16,282
Salaries, Eer's NIC and Pensions Note 14 19,966 19,966 31,340
Electricity
& Gas		 893 893 1,651
OIRce insurance 634
Cleaning
& maintenance		 1,415 1,415 1,610
Telephone
and internet		 235 235 460
Printing,
postage and stationery		 3,826 3,826 623
Community
Activities
CQVID-19 assistance 41,152
Sundry Expenses 183 183 78
45,605 — 45,605 93,830
9 Management
And Administration		 Unrestricted Restdcted 202'I 2020
a) Support Cost: Funds Funds
E		 Totalf Total
E
Rent, Rates and Water 6,363 6,363 5,427
Salaries, Eer's NIC and Pensions Note 13 15,396 15,396 17,242
Dice Insurance 211
Telephone
and internet		 352 352 153
Electricity
& Gas		 298 298 550
Cleaning
& maintenance		 472 472 537
Printing,
postage
and stationery		 1,275 1,275 208
Bank and Credit Card Charges 164 164 226
Depreciation
offixture,		 Rttings & equipment 1,655 1,655 1,712
25,974 25,974 33,296
b) Governing
Cost:
Salaries, Eer's NIC and Pensions Note 13 5,132 5,132 5,747
Accountancy
Fees		 2,100 2,100 2,304
Auditor
Remuneration		 2,100 2,100 2,736
9,332 9,332 10,787
35,308 35,306 44,083
Total Expenses 94,556 94,557 183,703

10 Tangible Fixed Assets: Assets: Assets: Long Long lease Freehold Freehold
Land & Land & Investment Fixtures, Fittings
Buildings Buildings Property & Equipm Total
f F F
At Cost or valuation 1 August 2020 31,849 1,558,073 3,080,000 62,595 4,732,517
Addtions 31,159 1,032 32,191
Dlsposals (31,849) (31,849)
FV Gains/(iosses) on Investment Property revaluation
Transfers to Investment property
1,589,232 3,080 000 63,627 4„732859
Depreciation
b/fwd.		 56,260 56,260
Depreciation
for the year		 1,655 1,655
Depreciation
on disposal
57,915 57,915
Net book value at 31 May 2021 1,589,232 3,080,000 5,712 4 674,944
Net book value at 31 July 202d 31,849 1,558,073 3,080,000 6,335 4,676,256
The net book value oftangible fixed assets investment comprised; 2021f 2020f
Compass House, Nevllle Street 1,200,000 1,200,000
169 Mile End Road 1,880,000 1 880,000
3,080,000 1,880,000
rV
ue		 2021 2020f
Cost ofInvestment Properties 3,080,000 3,080,000
Gains
/ (losses) on		 revaluation of Fixed assets
3,080,000 3,080, 0DO
The Trustees
ham		 not considered that any fair value adjustments are required for the period The investment
property
continued		 to have the same tenant, and there was no Indication ofa decrease in rental potential.
Other Debtors: 2021 2020
f F
Loan debtors 46,114 57,873
Rent and other debtors 42,334 28,167
Pensions 128
Bank
88,578 88,040
12 Creditors: Amount Falling Due Within One Year 2021 2020
Rent Deposits 35,375 35,375
Accruals 9,240 12,000
MCA 20,000
Payroll, paye and pensions 3,372 6,531
Private Loans 13,700 42,950
Bank Loan 123,471
61,688 240,327
14

Amount Failing Due After More Than One Year 2021 2020
MCA and Other Creditors 336,686 246,686
Bank Loan 128,598
336,686 325,284

Staff Emoluments: Staff Emoluments: 2021 2020
6 E
Total wages and
Employer's
NIC		 salaries 39,580
38		 50,693
2,517
Employer's
Pension		 875 1,120
40,494 54330
Direct Charitable 19,966 54,330
Others 20,528
40,494 54,330
Avg No ofemployees: Adrnin
Avg No ofemployees: Direct
Employees
paid		 in excess off60,000 during the year None None

16 Movement
In Funds		 Unrestricted Designated Unrestricted Restricted Total
Fund Fund Total Fund Fund
F E
As at 1 August
2020		 102,629 4,114,552 4,217,181 3,385 4,220,566
Current year surplus/(deficit) 400,473 400,473 400,474
Gains
/ (losses) on revaluation		 of Fixed assets
Current year transfer (210,006) 210,006
As at 31 May 2021 293 096 4,324,558 4,617,655 3,385 4,621,040