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|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|
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|||||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|
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|||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|
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||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|
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|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||||||||||
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|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|
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|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|
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|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|
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