Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC Charity number-. 1132115 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 THE PORTERS, TRUST MENZIES TER THINKING
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST CONTENTS Page Roterèrtee and administrative details of the Charlty, its Trustees and advis•rs Trust•o8' r•port Indèp•nd•nt •xamlnerf8 report ststem•nt olfinan¢lal actlvlUe8 Balance sheet Not•$ to the financial stat•ments 8-16
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2022 Trustees Streathers Trust Corporation Limitod MrCWGLang Chartty r¢9iStered number 1132115 Prineipal offlee rjo stather$ Huhgate LLP 1 Heath Street Hampstead London MW3 6TP Accountsnts Menzies LLP Charte Accountsnts Cantrum House 36 Ststion Road Egham Surrey TW20 9LF Bankers Adarn & Co 22 King Street London SW1Y 60Y Solieitorn Streathers Highgate LLP 1 Heath Street Harnpstead London NWS 6TP Invèstment Advisors James Hambro & Company Limrted 45 Pall Mall London SW1Y 5JB Arena Wealth Chiswick Gate 598-608 Chiswick High Road Chiswick London W4 SRT Page 1
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2022 The Trustees pre$ent thelr annual report together with tha financial statements of the Charity for the year 6 April 2021 to 5 April 2022. Objaetivos and actlvStles a. Policie¥ and obl•etlvoS The primary objeet of the Trust Is to make donations to registered charities and charitable purposes. Thè Truste8s' broad policy is to invest capital to Produ an income and to distribute available Income to charitable causes. The TrusteÈs Individually identify potential reCipntS for donations. Each of thè potèntial recipients is considered by ihe Trust885 collectively and if a grant is approved an appropriate donation is detemiinéd. Slnce the Trustees identify sufficient potential reoipients to whom to distribute th8 incorne of the Trust. the Trustees do not W15h to receive unsolicited applications for grants. In recent years the Twstees have also invèst8d in properties for charitable use. The Trustees have referred to the Charity Comrni5sion'5 guidan on public benefit when reviewing the charity's aim5 and objectives and in planning future activib"es. In particular. the Trustaès have consicjered how planned acbviti85 will contribute to the aims and objective5 they have set. A¢hSevements and perfonnane• Main achl•v•m•nts of tho Charity Charitable donations totalling £210,154 12021.. £109.3331 were made to a wide range of projects during the year. Th? Trustees consider that the obiectsve5 of th6 charity were adequately met and the public benefit qU4Ments fulfrlled. It is the Truste8s' policy to visit or otherwise contad tho r6eipi6nts ol donations to ensure the ants"cipated benèfit has bè8n reived. b. Investment poll¢y and perforrnane• Th& Trustees have WKle investment powers and during the peri¢xl half of the Trust's financial investrnenls were managed by Arena Wealth and the other half were martaged by James Hambro and Co so that investment perfom)ance can be cornpared and risk managed. Investment performance is monitored regularly throughout the year. Thè Trust continue5 to own three prop8rt18s in Besant Walk N7, Doughty Court E1W and St Cuthbert's House E14. It is anb"apated that these propertie5 will be retained by the Trust as investments and made available to local charitias lor charitsble purposes. Flnan¢ial revlew a. Golng concern After rnakin9 appropriate enquiries., the trustees have reasonable expectation that the Trust has 8dequaté SoUr$ to continue in operational existencè for the foreseeable future. For this rea50n they continue to adopt the going concern basis in preparing the finanaal statements. Further details regarding the adoption ol the going concern basis can be found In the Accounting Policia$. b. R•sèr¥o8 poIIcy It is the Trustges. bro8¢J policy to spend all the incomg arising in each period, and if detsded apprtspriat&, to distributa capital too. 1115 not considered necessary to maintain substantial other reserves. At the balance sheet date the Charity hekj serves of £3.258.62312021.. £3,356,0301. Pe2
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 c. Prlnclpal rl¥k8 and uncertaintie8 The Trustees are responsible for the rnanagement of ri5k5 facad by the charity. Risk5 are identr.fied and assessed and controls are estab115hed throughout the year. A formal rewew of the charity's risk managem8nt process is undertaken on an annual basis. The key controls used by the charity include formal agendas and minut85 for Trustee meetings. dear planning, budgeting and accounting. and clear authorisation and approval levèls ol all grants and other èxpenditure. The Trustees ar& satisfied that the major risks identified have been adequately mitig8tad. stru¢tur•, gov•man¢e and rnanagem•nt a. ConBlitution The Porter5, Trust is consts'tuted by thè Will of the late Mrs E A Porter and was registered 85 3 charity on the 14 October 2009. The Trust doès not employ any staff. Thg Trust is administered by Trustses, both unpaid. The Trustees are both actlvely involved in the adminislralion of thè Trust and meèt as necessary. All major decisions are taken at thèsè meetings. The day to day management of the tNst 13 delegated to Mr C Daynes of Streathers Highgate LLP Isolirytorsl. b. Mothod8 of appointment or •l•ctyon of Tru8ts85 Under the goveming docurnen( a minimum of trus9 arè required. The existing Trustees have the power to 8ppoint additional trustees to the board. New trustees would be expected to demonstrate that they bring skills, abilities and connections which would further the objecti$ ol the Trust. Any new trustees would be directed to familiarise themselves ¥wth relevant Charity Commission guidanc* conMIng the role of a trust. Plan8 forfutur• period$ The Tru$te&s do not anticipate any significant changestg the tharity wthin the nexi t¢ five years. Page 3
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Statement of Tru8to•6' mpon$ibilitios The Trustse$ ore responsible for pparing thg Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards Iunrted Kingdom Generally ACpted Accounting Practice). The law applicable to charthes in England & Wales requires the Trustees to prep8rè finaneial statements for each finanaal year which gve a true and fair view of the state of affairs of tha Charity and of its incoming resour$ and application of resource5, induding its income and expenditure, frjr that period. In prèparing these finanriBI 5tstemgnts, the Trustees are reouired Its-. sèlact surtable accounting policies and then apply Ihern consistently". obseive the methods and principlès tsf the Charities SORP IFRS 1021,. makè judgments and accounting estimates that are reasonable and prudent., State whether applicable UK Aecounting Standards IFRS 1021 hava been foloWed. subject to any matèrial epartuS clisclosed and explained in the financial statements". prepare the financial 5tat8rnents on the going concem basis unl&ss it is inappropriate lo pr85ume that the Charity will continue in bu¥in85S. The Trustees are responsible for kgeping adequate accounting records that arè sufficient to show and explain the Charity. transactions and disclose wth reasonable accuracy at any time the financial position ol the Charity and enable them to ensure that the financial statements comply with th8 Chanties Act 2011. the Charity (Accounts and Reports) Regulations 2008 arEcI the provisions of the They are also responsib18 for safeguarding the assets of thg Charity and hen Iof taking asonable steps for the prev8ntion and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by". C14P) 1 98}3 Str•at Trustee 03te'. Trust Co or irnitsd Page 4
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST MENZIES INDEPENDENT EXAMINERS, REPORT Ind•p•nd•nt ¢xamlnerf$ rèport to tho Tru$tse¥ of Th• Porters. Trust I'the CharfVI I report to thè charty Trustees on my trx8mination ofthe account$ olthè Charity lor the year èndèd 5 April 2022. Responslbilitie8 and basis of report As the Trustees of the Charity you are responsible for the pParatIOn of the aecounts In accordance wlh tre rèquiramènts of the Charib'es Act 2011 1'th* 2011 Acf l. I report in respect of my examination ol the Charity's accgunls carried OLrt under section 145 01 the 2011 Act and in carrying out my 8xaminats.on I have followed th8 applicable DI¢tionS given by the Charity Commission undèr seetion 14515llbl of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attèntlon Sn connection wilh the examination gNing me cause to be118ve that in any material respect. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act, or the a¢ThJunt$ do not accord with those records." or the accounts do not comply with the applicable requiremants conceming the forn and content of accounts sel out in the Charities (Account5 and Reports) Regulation3 2008 othèr than any requirement that the accounts give a 'tr and tsirf viow which is not a matter collsid8r8d as part of an independent examination. I have no concerns and hav8 come across no other matters in connection wth the axamination to which attention 5h¢uld ba drawn in thks report in order to enabk a proper understandin9 of thè accounts to be reached. This report is made solely to thè Charity's Trustees. as a body, in accordan with Part 4 of thè Charities (Accounts and Reports) Regulations 2008. My wort( has been undertaken so that I might state to the Charitys Trustees those rnattèrs l am required to state lo them In an Independent ex8minér's rèport and for no other purposè. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body. for rny work or lor this report. DO¢uSnId by.. Signed. Dated.. 22-Dec-2022 634F24DE92A4471 Janice Matthews FCA Menzias LLP Chartered Ae¢ountanls Centrum House 36 Station R08d Egham Surrey TW20 9LF Page 5
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022 Unre$tri¢ted funds 2022 R•8trlcted funds 2022 Total funds 2022 Total funcls 2021 Note Income from: Donations and legaCS Investments 115,000 115,000 12,491 12,491 70,865 T¢)tsl Ineom• 12,491 115,000 127,491 10.865 Expendlturn on: Charitabk actwrtEs 222,614 S1.000 273,514 742, 794 Totsl •xp•ndlture 222,$14 51,000 273.614 142, 794 Net lexpendlturelllncorne bèforè nèt galns on inv•$tm•nts Net gains on Investments 1210,0231 48,616 64.0¢10 1146,0231 48,616 {731,929) 2qO.571 Not moY•m•nt In fund8 1161,4071 64.000 197.407) 78,642 Reconcillation of funds: Tot funds brought forward Net movement in funds 3,315.030 1161,4071 41,000 64,000 3,356,030 197,407) 3,277,388 78,642 Totsl fund8 carrled fonward 3,153,623 105,000 3,268.623 3,356.030 The Statement of financial actimties indude5 all gains and losses rgco9nised in the year. The notes on pages e to 16 lom p8rt of these finanual statements. Page 6
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST BALANCE SHEET AS AT 5 APRIL 2022 2022 2021 Notè Fixed assets Investments 3,001,458 2,961,904 3,001,458 2,961,904 Current a$• Debtors Cash al bank and in hand 10 262,000 14,789 250.000 171.827 276.789 421.827 Creditors.. amounts falling due within one year 11 119.8241 (27,701J Net currènt assets 257,16S 394. 126 Total n•¢ a$sets 3.268,623 3.356,030 Charfty fvnd$ Restricted fvnds unStrICted funds 12 106.0110 3,153,623 41,000 3,315,03Q 12 Totsl funds 3,258,623 3.356,L13Q Thè financial t5 wera approved and aLrthorised lor issue by the Trustees and signed on their behalf by.. rAVI ) gqhJ55 tlon Llm5tod er8 Trust G Date.. £1 The notes on pages 8 to 16 fomi part of these finanaal statements. Pag8 7
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 G8norn1 Infomiation The Porters, Trust is a charity which provkJe3 grants to variety ol insts'tutions, their charity number and address can be found on page 1. Accounting polici9¥ 2.1 Bas1$ of preparation of financial ¥tat8m•nts The financial statements have been prepar*d in accordan with the Charits'es SORP IFRS 1021- Accounting and Reporting by Charities.. Statement of Recommended Prattti applicable to charities preparing their account$ in accordancè with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191. the Financi Reporting Stsndard applicable in the UK aThY Republic of Irèland IFRS 1021 and the Charities Act 2011. The financial statements h8vo begn prgpar8d to gi a 'true and fair view and have departed Irorn the Charits'e$ (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and lai¢ view. This departurg has involved following the Charities SORP IFRS 1021 publishad In October 2019 rather than the A¢countin9 and Reporting by Charities.. Statement ol ReccKnrnended Practice Èffectiv6 trom 1 April 2005 which has sin¢e b88n wthdrawn. rhe Porters, Trust rneets the definition ol a public benefft entity under FRS 102. As5et$ and liabilities are initially cOgnised at historical cost or transaction value unless othernise staled in the relevant accounty'ng px)licy. 2.2 Golng conGgrn After making appropriate enquirie5. the Trustees have a reasonable expectation that the charity has aclequate r8SOUlC8S to conbnue in operational existen for the foreseeable futurè. For this rèason thèy continue to adopt the going ctsncem basis when preparing trbe finanrial ststement$. 2.3 Income All in¢orne is racognisad onco the Charity has entitlement to the incomè, it is probabla that tho income will be reiVed and the amount of income re¢eiv8ble can be measured reliably. Income tax recovgrabfe in rèlation to inveslmènt income is recognised at the lirne the investment income is receivable. 2.4 Expgnditure Expenditure is recognised once there 15 a legal or con5tructiva obligation to transfer economic benefitto a third party, it is probable that a transfer of econornic b8n8fits will be raquired in settlement an¢J the amount of the obligation can measured reliably. Expenditure is classified by actsmty The costs ol each activity are made up of the total of direct Msts and sharèd costs, inclucling support costs involved in undertaking èach activity. DI¢t costs attributable to a single acbvity are allocated directly to that activity. Shared costs whith contribute to rnore than one activity and support costs which are nol attributablè to a single activity are apportioned betrveen those actwit185 on a basis consistent with the use of resour3. Central staff costs are allocated on the basis of time spent, and dreatIOn chargos aoCated on the portson of the asset's use. Expenditure on charitable activities is incurred on diredly U[ertakIng thè aetywties which further the Charitys objective5, as well as any associated support costs. Grants payable are charged in thè yaar vthèn the offer is made except in those cases where the off8r is ndits"onal, such grants being recognised as expènditure when the conditions attaching are fulfi118d. Grants offered subject to coridilions which have not been met at the year end are not8d as a commitment, but nol accrued as expenditure. Page 8
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Accounting policiès {eontinuèdl 2.4 Expendlture {continuedl l &xp&nditure is inclusivg of irrecoverabk VAT. 2.5 Interg8t re¢•lvablè Intest on funds hel¢J on deposit is ineluded when reivable and the 8Tnount can be measured rèliably by the Charity", this is normally upon notificab'on of the Interest paid or payable by the institution with whorn the fvllds are dèposited. 2.6 Investments Fiyèd assat investments a a forn of financial instrument and are initialty recogn15ed at their transaetion cost and sub5Équently measured at fair value at the Balance sheet date, unless the value cannot be measuréd reliably in which case it 15 measured at cost less irnpairrnent. Investment gains and losses. whether realised or unrealised. are ccffibined and pres8nted as 'GainsllLossesl on invgstmènts, in the Ststement ol finanual activities. Invèstmènts held as fixed assets are shn at C05t PTovision for impaimient. 2.7 Debtors Trade and other debtors are recognis8d at the settlement amount aftor any tradè dlscount Offed. Prepayrnents ara valuad at the amount prepaid net of any trade discounts due. 2.8 Cash at nk and In hand Cash al bank and In hand Includes cash and short-term highly liquid investments with a short maturity of three months or les5 from the date of acquisition or opening of the deposit or similar account. 2.9 Llabllitiè8 and provl8lon8 Liabilities are recognised when there is an obliga1ion at the Balancè sheet date as a result of a past event. it 18 probable that a transfer of econornic benefit will be required in settlement, and the arnount ol the setdement eAn be estimated reliably. Liabilities are recognised 8t the amount that the Charity anticipates il wll pay to setue the debt or the amount il has reiVed as advanced payrn8nts for th6 goods or servi$ it must provide. Provision5 orè measured at the best estimate of th& amounts requirad to settle the obligation. Where 8ff8Ct of the time value of money is material, the provision is based on the present value ol those amounts, discounted at the pre-tsx discount rata that reflects the risks specific to thè liability. The unwinding of the discount is recognised in the Statement of financial activth'es as a finance co3t. 2.10 Fund accountlng General funds are unrgslrictèd funds which are avalable for use atth¢ dlsLYetion of the Trustees in furtherancè ol the general objectives of the Chanty aj which have not been designated for other purposes. Restricted funds afy funds which are to be used in accordancè with sfiC $trictionS imposed by donots or which have been raised by the Charity lor particular purposes. The costs of raising and 8drnini$lering such fun¢Js are charged against the spècific fund. The aim and use of each re5trided fund is set out in the notes tg the financi81 statements. Investment income, gains and losses are allocated to the appropriate lund. Page 9
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 In¢om• from donatlons and lega¢i08 Restricted fund$ 2022 Total funds 2022 Total nGIs 2021 DonatlWS 115,0(KJ 11S,000 Invostment Income Unrestrictèd fund¥ 2022 Total funds 2022 Tot81 lunds 2021 Investment inwrne Interest receivable 12,134 357 12,134 357 10,564 301 12,491 12,491 10,865 Totsl 2021 10,865 10.865 Page 10
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Anaty81s of 9rants 2022 2021 ARK Coworking Bishop of Islin9ton CCFON CSJ Award 20,000 5,000 5,000 &ooo 10,000 Grace Church Manch85tef GrowTH Holy Trinity Sydenham Jubilee Centre 5.000 8,0(10 Sooo 12.000 Kid5 Matter KXC LICC 10,000 10,000 20,000 6,000 5.000 45,000 30,000 5,000 6.821 6,000 1,000 8,333 16,000 15.000 Ltsndon CSty Mission London Dioeèsan PCC of St Mark 45.(XJO Riverbank Sick Children's Trust St Alban's Fulham steyning Downland Scheme St Mark's Tollington Sl MattheS Tipton St Paul's Shadwdl 8,333 210,164 109.333 Anafysls of oxpendlture by activities Aetivltlès undertakon dlrgctty 2022 Grant lunding of activltle8 2022 Support costs 2022 Totsl fun418 2022 Total funds 2021 01ct Costs 34,934 210.154 28,426 273,514 742, T94 Total 2021 109.333 33,461 142, 794 Pagè11
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YE4R ENDED 5 APRIL 2022 Anal16 of exp8ndltur• by actlvStle8 Itonllnu•dl Anaiysls of suppc•rt ¢o¥ts Totsl funds 2022 Total funds 2021 Aetivitl•s 2022 Accountsncy fees Legal and professional fees 5.478 22.948 5,478 22,948 4.498 28.963 28,426 28,426 33,461 Total 2021 33,461 33.461 Independènt •xamln•rfs r•munorntlon 2022 2021 Fees payable to the Charity's independènt èxaminèr lor the independent examinabon of tha Charity's annual accounts 5,478 4,98Q Tru8tee8' romuneratlon and •xpens•8 During the year, no Tru5tee3 r1Ved any remuneration or other benefi'ts (2027 - £NIL). During the yèar ended 5 April 2022, no Tru$lee expense5 have been incurred (2021- £NIU. Page 12
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5APRIL 2022 Fixed assèt Inve8tm8ntS Other fixed Llstsd Unlisted a8set InvMthi•nts Invg8tments Investments Total Cost or valuation At 6 April 2021 Rev8luations Cash mov8ments 1.207.328 48,618 19,062 57.926 1,696,650 2,961,904 48.616 19,0621 At 5 April 2022 1.246.882 57,926 1,696,650 3.001,458 Nat book value At S April 2022 1,246,882 67.926 1,696,650 3.001,458 At 5 Apnl 2021 1,207,328 57.926 1, 696,650 2.961.904 Valuation The listed investments are held at fair valuè, wrth reference to readily availablè markèt priS. The unlisted $ecuritiÈs arè held at cost as they are bonds held for fixed terms. The ¢apital is returned to the charity t th6 ènd ol the fixed term. Movements in the fair value would be immaterial. Th8 properties are held at cost as the properts.es are used to directSy dolivèr Impact rather than being hèld to provide financial rgtum. 10. Debtor¥ 2022 2021 Due after more than om ar Oth*r dtrbtors 282.000 250,000 262,000 250.000 262,000 250,000 11. Cr•dltOT•: Amounts falllng duo wlthln one year 2022 2021 Accruals and deferred income 19,624 27, 701 Page 13
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 12. Statement of funds ststèment of funds- cuffont ar Balancè at 6 April 2021 Galnsl Balanco at 6 ILos8e81 April 2022 Income Expendsture Unrestrlcted fund$ General Funds 3,315,030 12,491 1222,514 48,616 3,153.823 Restricted funds D'souza Fund Hawkins Fund 115.000 130.0001 121,0001 85,000 20,000 41,000 41.0110 115,000 161.0001 105,000 Total of funds 3,356,030 127,491 1273,5141 48,618 3,258,623 The Hawkins Fund arose upon the donation ol a sum ol money out of the estate of the late Miss C A Hawkin5 by niece. The rntsnies are Itistributed at the discretion of th6 trustees who take into account wishes expressed lo thom from time to tim¢ by that nièce. The D'stsuza Fund arose upon the donabon tsf a sum of money out of the estate of the late Celestine D'souza. The monies are distributed at the discretion of the tIUStees who take into account wi$b8S expressed to them from tme to time by Mrs D'souza's famity. Page 14
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YE4R ENDED 5 APRIL 2022 12. statement of funds Icontlnu¢dl Slatem?nt of tunds . prlor year B818nce at 7 April 2020 G8in (Loss8sJ Balance at 5 Apnl 2021 Inc(wng E¥penditu Unrestrictsd funds General Funds- all funds 3,236,388 10,865 (142.794) 2tO,571 3,315,030 Restricted fund# Hawkins Fund 41.000 41,(100 Total of lunds 3,277,388 70,865 (142, 794) 210,571 3,356,030 13. Analysis of n•t 08¥ets between funds Analy818 of ngt x$$ots ba¢¢n fund8 - eurr•nt year Unrestricted funds 2022 Re$trict8d lunds 2022 Total funds 2022 Fixed asset investmonts Debtor5 due after more than ont year Current asséts Creditors due within one year 2,896,458 262,000 14.789 119,6241 105,000 3,001,458 262,000 14789 119,6241 Total 3,153,623 105,000 3,2S8,623 Analysls of net a$•ets befvmn funds . prior year un$tCled funds 2021 Restricted funds 2027 Total funds 2021 Fixed asset investments Debtors due after more than ona y&ar Curr?nt assets Creditors due wrthin one year 2,920,904 250,000 171.827 (27.701) 41,000 2,961.904 25Q,000 171,827 {21, 707) Total 3,315,030 41,(XlO 3,356,030 Page 15
Docusign En¥ÈlopÈ ID." 2C3BOE6E49F3-44E8-BFE2432BD962DEFC THE PORTERS, TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 14. Relatsd party transactions Streathers Highgate LLP invoiced fees of £14.499 Iinclusive ol VATI 12021." £10.3801 to the charity during tha penod in rèspect of legal and administrative costs. Streath8rs Trust Corporation Lirnit8d, which is controlled by Streath8rs Highgate LLP is a trustse of the charity. Page 16