���������������������������������������������������������� **Registered number - 04709100 Charity number - 1141414** ## **JOHN TROTTER TRUST** **(a company limited by guarantee and not having a share capital)** **DIRECTORS 'ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2021** ���������������������������������������������������������� ## **JOHN TROTTER TRUST** ## **CONTENTS PA�E** ||Page(s)| |---|---| |Reference and administrative details of the charity and advisers|1| |Trustees' report|2 - 7| |Independent examiner's report|8| |Statement of financial activities|9| |Balance sheet|10| |Notes to the financial statements|11-15| ���������������������������������������������������������� ## ���N TR�TT�R TR�ST R���R�N�� �N� ���INISTR�TI�� ��T�I�S �� T�� ���RIT� �N� ���IS�RS ��R T�� ���R �N��� �1 �����B�R 2021 **Company Registered Number�** 0�709100 **Charity Registered Number�** 11�1�1� ## **Registered O��ice�** St �l�ans Road� Barnet� �N5 ��� ## **Independent e�aminer�** �riffin Stone �oscrop � �o �hartered �ccountants 21-27 �am�'s �onduit Street �ondon ��1N ��S ## **Ban�ers�** Barclays Ban� Plc �hetstone Branch 1250 �igh Road �ondon N20 0PB 2 ���������������������������������������������������������� ## ���N TR�TT�R TR�ST (a company limited �y guarantee and not having a share capital) �ompany Registration Num�er� �709100 �harity �ommission Registered Num�er� 11�1�1� Registered �ffice� 5� St �l�ans Road� Barnet� �N5 ��� ## R�P�RT �� T�� �IR��T�RS The directors present their report �ith the accounts for the year ended �1 �ecem�er 2021� ## **Structure� management and governance** 1 The company �as incorporated on 2� �arch 200�� Previously �no�n as The �ohn Trotter �all Trust the company changed its name on 10 �anuary 2011 to the �ohn Trotter Trust� The �emorandum and �rticles of �ssociation �ere amended on 1 �pril 2011 and the main o��ect in the amended �rticles of �ssociation �ere changed to the advancement of the �hristian religion for the �enefit of the pu�lic �y such charita�le activities as the directors deem fit� It �as registered as a charity �ith the �harity �ommission on 1� �pril 2011� - 2 The directors �ho served during the year �ere� �r �avid Parry (�hair) (Resigned on 2� �anuary 2021) �emisi Ba�are �rs �ean �orney �r �hris �ixon (Treasurer) �r Paul �ac�son �r Richard �a�son �r �raham Paddon Rev�d �ndy Rimmer �r Simon �ndre� �right (appointed 2� �anuary 2021) � Ne� directors are appointed from time to time� �eing persons �ho have an interest in the o��ectives of the company� The directors met eleven times during the year� �t each of their regular monthly meetings� the directors received a financial update from the Trust�s Treasurer� ## **Ob�ectives and activities** � The �ohn Trotter Trust is the registered charity for the �pen �oor �entre� The Trust �as originally esta�lished at the re�uest of the �hrist �hurch Barnet Parochial �hurch �ouncil to negotiate the purchase and consider the use of the former �ictorian school ad�acent to �hrist �hurch� The �pen �oor �ppeal� launched formally in 2010� raised funds initially to ena�le the purchase of the former school (in 2012) and �ith the particular aim of using the �uilding to increase the fre�uency and range of activities for older mem�ers of the local community in particular� �ut �y no means exclusively� offered �y �hrist �hurch� The �uilding �as purchased in early 2012 and opened formally as the �pen �oor �entre in �ay 2017� ## **Highlights o� the year** 5 �ndy �right succeeded �avid Parry as �hair of the �ohn Trotter Trust on the 2�[th] �anuary 2021 after a handover period� The Trustees �ould li�e to than� �avid for his invalua�le contri�ution � ���������������������������������������������������������� to the Trust over many years �oth as �hair and also as an active volunteer� � �ue to the impact of the ���I�-19 pandemic� and in line �ith government guidelines and regulations� the �pen �oor �entre �as closed for the first 19 �ee�s of 2021� Not�ithstanding� and �ith support from a range of sta�eholders� the Trust �as delighted to continue offering the highly successful community lunches programme at reduced scale until �aster� 7 The �entre finally re-opened to the pu�lic on Tuesday 18[th] �ay 2021 and su�se�uently remained open for the rest of the year other than for normal holiday closure periods in �ugust and �ecem�er� �olunteers attended an accredited food hygiene re-fresher course as part of the preparations to re-open� 8 The Trustees and �anagement Su�-�ommittee decided to re-open the �entre �ith a ne�� and shorter� timeta�le of opening hours than previously �as the case � namely to open �ee�ly from Tuesday to �riday inclusive and from 0900 until 1�00 each day� These arrangements have �or�ed �ell in 2021 as the �entre emerged from the pandemic �ut �ill �e �ept under revie� in a for�ardloo�ing context to help ensure that the �entre�s opening hours reflect the evolving demands and re�uirements of the community� 9 Trustees� volunteers� and employees ali�e �ere all united in their delight at the re-opening of the �entre and the opportunity it afforded to serve the local community again� The high levels of encouragement and enthusiasm received from customers have re-affirmed �hat a special place it represents in the community and �hat a privilege it is to support� 10 In line �ith experience seen else�here across some sectors of the �� economy� the initial resumption of activity �egan slo�ly at first �ut su�se�uently pic�ed up �uite �uic� after the first fe� �ee�s� This reflected the cautious approach �eing ta�en �y the much of pu�lic in general� and especially those �ho are elderly and more vulnera�le� to using hospitality venues and shared indoor spaces again follo�ing the easing of government restrictions� 11 This cautious approach �as also evident in the �entre�s room hire activities �here some user charities that support the elderly in particular did not return to the �entre and resume their normal activities until mid-summer� 12 �hilst shorter opening hours and lo�er levels of footfall adversely impacted the financial performance of the Trust during the year it �as encouraging to see that income from charita�le activities had reached c��5-75� of pre-pandemic levels on a �ee�ly �asis �y Septem�er� Not�ithstanding emergence of the omnicron variant in late �� this performance trend further improved to�ards the end of the year and is hoped �ill continue through 2022 helping to strengthen financial resilience after the impacts of the pandemic� 1� The �entre �as delighted to support several important events during the year than�s to the outstanding efforts of the team� These included the community launch in Septem�er of the Barnet ��P �e�t �entre� a partnership �et�een �hrist �hurch Barnet and t�o other local churches �ith �hristians �gainst Poverty� The �ayor of Barnet and the Rt �on �em�er of Parliament for �hipping Barnet �oth supported and attended the launch �hich �as a great success� In addition to hosting ��elcome� meals for ne� mem�ers of �hrist �hurch the �entre also helped cater for a large prophecy conference that �as held at the church in �cto�er� � ���������������������������������������������������������� ## �olunteers 1� The �entre can currently call on around 20 active volunteers from �ithin and �eyond the �hrist �hurch congregation� �hilst not all volunteers �ere a�le to return �hen the �entre re-opened� �e have �een delighted to �elcome several ne� volunteers in recent months �ho are ma�ing a �onderful and much appreciated contri�ution �ith further applications in the pipeline� �ith fresh initiatives planned for 2022� the Trustees �ould still �elcome further applications from ne� or aspiring volunteers �ho �ould li�e to get involved� �hilst the �entre �as closed in early 2021� volunteers �ere informed of developments via periodic updates from the �hairman and other mem�ers of the team supplemented �y regular �oom calls� ## **Public bene�it statement** 15 The directors (as trustees of the charity)� are responsi�le for directing the policy and general management of the affairs of the company� In doing so they have complied �ith their duty to have due regard to the guidance provided �y the �harity �ommission on pu�lic �enefit and in particular� the specific guidance on charities for the advancement of religion� 1� The Trustees� ongoing response to the �ovid 19 pandemic and the support of the local community in using the �entre since it re-opened in �ay are testimony to the high regard in �hich the �entre is held �y the local community and the value it places on the services it provides �oth �ithin the �entre itself and in the community at large� �ne measure of this is the donations totaling more than �21�000 (including associated �ift �id) that �ere received during 2021 compared �ith �25�991 in 2020� �nother is the success of the trust in raising significant funds for the proposed first floor development from several grant-ma�ing trusts during the year� ## **Achievements o� the Trust** 17 Purchase of the former British Red �ross �entre �as completed on 28 �arch **2012** � This �as made possi�le �y the support of the mem�ers of �hrist �hurch� Barnet and mem�ers of the local community� �uring **2014** � as a result of the continued generosity of the mem�ers of �hrist �hurch� Barnet� mem�ers of the local community and local grant-ma�ing organisations� sufficient additional funds �ere raised to ena�le preliminary internal reconfiguration and development �or� to �e underta�en� �uring **201�** � follo�ing receipt of significant additional funds from individual donors and national grant-ma�ing trusts and the offer of a loan facility from �ingdom Ban�� the Trustees invited tenders for �uilding �or� to renovate and redevelop the �hole of the ground floor� �aldera �onstruction �as a�arded the tender and �egan �or� at the end of �uly 201�� 18 The redevelopment of the ground floor of the �pen �oor �entre �as completed in �anuary **2017** and the Trust formally too� possession of the �entre in �e�ruary of that year� The �entre �as formally opened �y the Bishop of Stepney� the Rt Revd �drian Ne�man in �ay 2017� 19 The �or� involved renovating and redeveloping the ground floor of the �uilding to provide a facility �here older mem�ers of the community in particular can socialise� access support services and advice� participate in a variety of activities and meet and share their day �ith others� The �pen �oor �entre has a �elcoming �lounge-style� reception and coffee �ar along �ith a caf� area offering �rea�fasts and lunches enhanced �y a permanent exhi�ition of art �or�s �y mem�ers of the Barnet �uild of �rtists� The �entre also has� a dedicated meeting room �ith pro�ection facilities� a modern� �ell-e�uipped �itchen� toilets (including accessi�le toilet)� energy-efficient heating and lighting� an intruder-alarm system� a 55� T�� and free �i-fi throughout� 20 In **201�** � the Trust received the �utstanding Service to the �ommunity �ivic ��ard from Barnet �ouncil in recognition of the � _... outstanding dedication and contribution (of the Centre) to the community by providing a resource centre to the senior population of Barnet ...’_ � By �arch **2020�** �hen the �entre had to close as a result of the �ovid 19 pandemic� there had �een some �0�000 visits 5 ���������������������������������������������������������� to the �entre since its formal opening less than three years previously in 2017� 21 The Trust has planning permission for a side extension to the ground floor along �ith the insertion of a ne� first floor� The former �ill �e used to relieve pressure on the �itchen� and facilitate potential usage as a training facility �hilst also providing additional� and much needed� �itchen storage space� The first floor �ill also �e used to support �hrist �hurch�s emerging �compassion ministries�� including an enhanced food �an� facility� an area for activities� advice and services relevant to people in the local community� a larger space �hich might also serve as a �inter night shelter and a �elcoming reception area� Su�stantial ne� funding �as successfully raised for the development in 2021 �ith �1�8���1 �eing received in 2021� ta�ing the total amount received or pledged �y �1 �ecem�er 2021 to more than ��20�000 against a �700�000 target (�122�000 as at �1 �ecem�er 2020)� In con�unction �ith �hrist �hurch� the Trustees are actively see�ing to understand ho� community needs are evolving post pandemic �ith a vie� to adapting plans if�as appropriate� This includes revie�ing �hether the proposed development can �e sensi�ly phased to allo� an earlier start to the �uilding �or�� ## **Financial revie�** 22 The accounts for the year sho� a deficit on the �eneral �und of �18�92� in accounting terms ma�ing a total �alance on the �eneral �und at the end of the year of �1�085�950� By contrast� a surplus of �1���511 is sho�n on the Restricted �und �ith a total year-end �alance on this fund of �18��82�� �s such� a positive net movement in funds of �1�5�588 �as recorded on overall funds during the year �ith a year-end com�ined fund total of �1�272�77� (�1�112�8�� in 2020)� 2� The operating deficit in accounting terms on the �eneral �und for 2021 reflects a lo�er level of income received as the �entre experienced unplanned closure for 19 �ee�s (representing ���) of the year� The operating loss also reflects the gro�ing impact of inflation on food�ingredient prices and utility �ills� If the c��20�000 of depreciation is �added �ac�� as a non-cash item� then the �entre recorded a modest positive operating surplus in cash flo� terms� 2� The significant net surplus of �1���511 on the Restricted �und principally reflects the receipt of cash grants totaling �1�0�000 during the year less associated costs� 25 The trustees have agreed that the Trust should aim to retain free reserves e�uivalent to three months� expenditure (excluding depreciation)� e�uating to approximately �15�000 in 2021 compared �ith �1��000 in 2020� �t the �alance sheet date �hilst the charity had net total funds of �1�272�77� this �as made up of fixed assets of �1�178��87� current assets of �20��280 (�hich includes restricted funds of �18��82�)� �ith current lia�ilities of �12�291 and longer-term lia�ilities of �9��701� �hilst the charity had a net current assets position of �190�989 overall� this reduces do�n to ���1�5 in respected of unrestricted net current assets �hen restricted funds of �18��82� are deducted� This means that the charity�s free reserves at the �alance sheet date �ere �11�000 �elo� their target level of �15�000� 2� The Trustees remain mindful of the need to manage the li�uidity of the charity carefully to ensure that its o�ligations continue to �e met �hen they fall due� This includes a monthly revie� of the Trust�s financial position in cashflo� terms and� in 2021� included the decision ta�en in con�unction �ith �ingdom Ban� to recommence the repayment of interest and capital on the secured loan from �une� �l�eit a post �alance-sheet date event� the receipt in �e�ruary 2022 of a �15�000 cash donation from a local grant-ma�ing trust has �olstered the level of free reserves availa�le that �ill remain under scrutiny over the coming months as the charity re-�uilds financial resilience follo�ing the pandemic� � ���������������������������������������������������������� ## **Directors� responsibilities** 27 The trustees (�ho are also directors of the company for the purposes of company la�) are responsi�le for preparing the �irectors� report and the financial statements in accordance �ith applica�le la� and �nited �ingdom �ccounting Standards (�nited �ingdom �enerally �ccepted �ccounting Practice)� 28 �ompany and charity la� re�uires the �irectors to prepare financial statements for each financial year �hich give a true and fair vie� of the state of affairs of the charita�le company and of the incoming resources and application of resources� including the income and expenditure� of the charita�le company for that period� In preparing these financial statements the �irectors are re�uired to� - select suita�le accounting policies and the apply them consistently� - o�serve the methods and principles in the �harities S�RP� - ma�e �udgments and estimates that are reasona�le and prudent� - state �hether applica�le �� �ccounting Standards have �een follo�ed� su��ect to any material departures disclosed and explained in the financial statements� - prepare the financial statements on the going concern �asis unless it is inappropriate to presume that the charita�le company �ill continue in operation� 29 The directors are responsi�le for �eeping proper accounting records �hich disclose �ith reasona�le accuracy at any time the financial position of the company and to ena�le them to ensure that the accounts comply �ith the �ompanies �ct 200�� They are also responsi�le for safeguarding the assets of the company and hence for ta�ing reasona�le steps for the prevention and detection of fraud and other irregularities� �0 In preparing this report� the �irectors have ta�en advantage of the small companies exemption provided �y section �15� of the �ompanies �ct 200�� - �1 �pproved �y the �oard of directors and signed on its �ehalf �y� SI��N �N�R�� �RI��T ���IR��N �ate� ��������� 7 ���������������������������������������������������������� ## **Independent E�aminer's Report to the Trustees o� John Trotter Trust** I report on the accounts of the company for the year ended �1 �ecem�er 2021 �hich are set out on pages 9 to 15� ## **Respective responsibilities o� trustees and e�aminer** The trustees (�ho are also the directors of the company for the purposes of company la�) are responsi�le for the preparation of the accounts� The trustees consider that an audit is not re�uired for this year under section 1��(2) of the �harities �ct 2011 (the 2011 �ct) and that an independent examination is needed� �aving satisfied myself that the charity is not su��ect to audit under company la� and is eligi�le for independent examination� it is my responsi�ility to� - examine the accounts under section 1�5 of the 2011 �ct� - follo� the procedures laid do�n in the general �irections given �y the �harity �ommission under section 1�5(5)(�) of the 2011 �ct� and - state �hether particular matters have come to my attention� ## **Basis o� independent e�aminer's report** �y examination �as carried out in accordance �ith the general �irections given �y the �harity �ommission� �n examination includes a revie� of the accounting records �ept �y the charity and a comparison of the accounts presented �ith those records� It also includes consideration of any unusual items or disclosures in the accounts� and see�ing explanations from you as trustees concerning any such matters� The procedures underta�en do not provide all the evidence that �ould �e re�uired in an audit and conse�uently no opinion is given as to �hether the accounts present a �true and fair vie�� and the report is limited to those matters set out in the statement �elo�� ## **Independent e�aminer's statement** I have completed my examination� I confirm that no matters have come to my attention in connection �ith the examination giving me cause to �elieve that in any material respect� - 1� accounting records �ere not �ept in respect of the company as re�uired �y section �8� of the 200� �ct� or - 2� the accounts do not accord �ith those records� or - �� the accounts do not comply �ith the accounting re�uirements of section �9� of the 200� �ct other than any re�uirement that the accounts give a �true and fair vie�� �hich is not a matter considered as part of an independent examination� or I have no concerns and have come across no other matters in connection �ith the examination to �hich attention should �e dra�n in this report in order to ena�le a proper understanding of the accounts to �e reached� Richard �ill ��� **�ri��in Stone Moscrop � Co** �hartered �ccountants ��������� 21-27 �am��s �onduit Street �ondon ��1N ��S �ate� 2022 8 ���������������������������������������������������������� ## **JOHN TROTTER TRUST** ## **STATEMENT OF FINANCIAL ACTI�ITIES (INCORPORATIN� THE INCOME AND E�PENDITURE ACCOUNT)** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** |Notes
**Income �rom�**
�onations and legacies
2
�harita�le activities
�
Investments
�
**Total income**
**E�penditure on�**
�osts of raising funds
5
�harita�le activities - depreciation
�ther charita�le activities
�-7
**Total e�penditure**
**Net movement in �unds**
**Reconciliation o� �unds�**
Total funds �rought for�ard
**Total �unds carried �or�ard**|year ended �1 �ecem�er 2021
unrestricted
restricted
total
�
�
�
22��12
1���0��
188��75
�8��09
2�58�
�1�192
-
15
15
**�0�921**
**1�����1**
**229���2**
-
��150
��150
20��8�
-
20��8�
59�158
-
59�158
**79��44**
**4�1�0**
**�3�994**
**(1��923)**
**1�4��11**
**14�����**
1�10��87�
22��1�
1�127�18�
**1�0���9�0**
**1����24**
**1�272�774**|�
�7�117
2��109
1�
2020| |---|---|---| |||**73�239**| |||���20
20��8�
51��19| |||**7���2�**| |||**(2�3��)**
1�115�229| |||**1�112��43**| �ll activities relate to continuing operations� The attached notes form part of these accounts 9 ���������������������������������������������������������� ## **JOHN TROTTER TRUST Company Registration Number� 04709100** ## **BALANCE SHEET AS AT 31 DECEMBER 2021** |Notes
**Fi�ed assets**
Tangi�le assets
9
**Current assets**
�e�tors
10
Stoc�
�ash at �an� and in hand
**Current liabilities**
�reditors� �mounts falling due �ithin one year
11
**Net current assets�(liabilities)**
Total assets less current lia�ilities
�reditors� �mounts falling due after one year
12
**Net assets**
**Fund**
**�eneral �und**
1�
**Restricted �unds**
1�|2021
�
1�178��87
28�
1�000
201�99�
20��280
12�291
**190�9�9**
**1�3�9�47�**
9��701
**1�272�774**
**1�0���9�0**
**1����24**
**1�272�774**|2020
�
1�199�17�| |---|---|---| |||1��95
700
�0�7�2| |||�2�857
17�5�8| |||**2��319**| |||**1�224�492**
97��05| |||**1�127�1�7**| |||**1�104��74**
**22�313**| |||**1�127�1�7**| The �irectors consider that the company is entitled to exemption from the re�uirement to have an audit under the provisions of section �77 of the �ompanies �ct 200� (�the �ct�) and mem�ers have not re�uired the company to o�tain an audit for the year in �uestion in accordance �ith section �7� of the �ct� The �irectors ac�no�ledge their responsi�ilities for ensuring that the company �eeps accounting records �hich comply �ith section �8� of the �ct and for preparing financial statements �hich give a true and fair vie� of the state of affairs of the company as at �1 �ecem�er 2021 and of its net incoming resources for the year then ended in accordance �ith the re�uirements of sections �9� and �95 of the �ct and �hich other�ise comply �ith the re�uirements of the �ompanies �ct 200� relating to the financial statements so far as applica�le to the company� The financial statements have �een prepared in accordance �ith the special provisions relating to companies su��ect to the small companies regime �ithin Part 15 of the �ompanies �ct 200�� The �inancial statements �ere approved �y the �irectors and signed on their �ehalf �y� SI��N �N�R�� �RI��T ���IR��N ��������� �ate� The attached notes form part of these accounts� 10 ���������������������������������������������������������� ## **JOHN TROTTER TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **1� Accounting Policies** ## **1�1 Basis o� preparation o� �inancial statements** The financial statements have �een prepared under the historical cost convention �ith items recognised at cost or transaction value unless other�ise stated in the relevant notes to these accounts� The financial statements have �een prepared in accordance �ith the Statement of Recommended Practice� �ccounting and Reporting �y �harities preparing their accounts in accordance �ith the �inancial Reporting Standard applica�le in the �� and Repu�lic of Ireland (�RS 102) effective 1 �anuary 2019 and �inancial Reporting Standard applica�le in the �nited �ingdom and Repu�lic of Ireland (�RS 102)� �harities �ct 2011 and the �ompanies �ct 200�� ## **1�2 Company Status** The company is a company limited �y guarantee� The mem�ers of the company are the directors named on page 2� In the event of the company �eing �ound up� the lia�ility in respect of the guarantee is limited to �10 per mem�er of the company� ## **1�3 Fund accounting** �eneral funds are unrestricted funds �hich are availa�le for use at the discretion of the mem�ers in furtherance of the general o��ectives of the �harity� Restricted funds represent money that has �een given to only �e applied for a specific purpose� ## **1�4 Income** ## **Recognition o� income�** Income is included in the Statement of �inancial �ctivities (S���) �hen� a� the company �ecomes entitled to the resources� �� it is pro�a�le that the company �ill receive the resources� and c� the monetary value can �e measured �ith sufficient relia�ility� ## **�rants and donations�** �rants and donations are only included in the S��� �hen the company has unconditional entitlement to the resources� ## **Ta� reclaims on donations and gi�ts�** Incoming resources from tax reclaims are included in the S��� at the same time as the gift to �hich they relate and amounts o�ed to the charity at the �alance sheet date in this regard are sho�n as de�tors� ## **Income �rom charitable activities** Sales from the charitia�le use of the �uildings includes the operation of the caf� and hall hire� ## **1��� E�penditure** Resources expended are disclosed inclusive of ��T �here applica�le� �xpenditure incurred in connection �ith freehold land and �uilding �hich are not of capital nature are allocated as charita�le activites in S��� on the �asis that all charita�le activities of the company �ill �e carried out from it��irect costs of operations as sho�n in note �include salary costs and costs of food�drin�s and consuma�les related to the operation of the caf��Support costs �ithin charita�le activities are those costs incurred indirectly in support of expenditure on the o��ects of the charity or in connection �ith the management and administration of the charity��overnance costs reflect the costs of complying �ith constitutional and statutory re�uirements� 11 ���������������������������������������������������������� ## **JOHN TROTTER TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued)** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **1��� Tangible �i�ed assets and depreciation** �ixed assets are stated at cost less accumulated depreciation� �epreciation is provided at rates calculated to �rite off the costs of each asset over its expected useful life� �reehold land and �uilding and professional fees and fixtures and fittings associated �ith the redevelopment of the �uilding are stated at cost� �epreciation on the �uilding element has commenced� ## **1�7 Interest receivable** Interest on funds held on deposit is included �hen receiva�le and the amount can �e measured relia�ly �y the charity� this is normally upon notification of the interest paid or paya�le �y the �an�� ## **1�� Debtors** �e�tors are recognised at the settlement amount� Prepayments are valued at the amount prepaid� ## **1�9 Cash at Ban� and in hand** �ash at �an�and in hand includes �an�current accounts and deposit accounts �ith a short maturity of three months or less from the date of opening of the account�The �an��alance at �1 �ecem�er 2021 is split �et�een restricted and unrestricted funds as analysed in note 1�� ## **1�10 Liabilities and provisions** �ia�ilities are recognised �hen there is an o�ligation at the Balance sheet date as a result of a past event� it is pro�a�le that a transfer of economic �enefit �ill �e re�uired in settlement�and the amount of the settlement can �e estimated relia�ly��ia�ilities are recognised at the amount that the charity anticipates it �ill pay to settle the de�t or the amount it has received as advanced payments for the goods or services it must provide� ## **1�11 Financial instruments** The charity only has financial assets and financial lia�ilities of a �ind that �ualify as �asic financial instruments� Basic financial instruments (including de�tors and creditors) are initially recognised at transaction value and su�se�uently measured at their settlement value� 12 ���������������������������������������������������������� ## **JOHN TROTTER TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued)** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **2� Income �rom donations� grants and legacies** |�onations
Income tax recovera�le on gift aid
�rants
Total donations and legacies|�nrestricted
Restricted
Total 2021
�
�
�
11�5�7
��0��
17�599
�����
-
�����
7��12
1�0�000
1�7��12
22��12
1���0��
188��75|Total 2020
�
22��57
�����
21�127| |---|---|---| |||�7�118| - �nrestricted �rants includes furlough monies received of ����12 (2020 - �9���0)� ## **3� Income �rom charitable activities** |�undraising
Income from renting car par�ing spaces
Income from charita�le activities
Total fundraising income|�nrestricted
Restricted
Total 2021
�
�
�
-
2�58�
2�58�
2�1�0
-
2�1�0
����79
-
����79
�8��09
2�58�
�1�192|2020
�
1�875
2�000
22�2��| |---|---|---| |||2��109| Income from charita�le activities represents sales from drop-in cafe and room hires� In 2020� the income of �1�875 �as in respect of Restricted �unds� ## **4� Investment income** |�nrestricted
Restricted
Total 2021
�
�
�
�ividends and interest
-
15
15
**�� Costs o� raising �unds**
�nrestricted
Restricted
Total 2021
�
�
�
�ther fundraising costs
-
��150
��150
�ll of the fundraising costs from 2020 �ere chargea�le to restricted funds�
**�� Charitable activities (e�cluding depreciation)**
�nrestricted
Restricted
Total 2021
�
�
�
**Direct costs**
�ost of operations - drop-in cafe and room hires
�����1
-
�����1
**Support costs**
�aintenance of land and �uilding
528
-
528
Pu�lic lia�ility and �uilding insurance
2�18�
-
2�18�
Ban�ing fees
1��
-
1��
Building utility costs
5�2�9
-
5�2�9
8�098
-
8�098
�harita�le activities (excluding depreciation)
51�529
-
51�529
**7� Charitable activities - governance costs**
�nrestricted
Restricted
Total 2021
�
�
�
Independent examination fee
1�582
-
1�582
Interest paid on secured loan
��0�7
-
��0�7
7��29
-
7��29|2020
�
1�| |---|---| ||2020
�
���20| ||2020
�
�8����| ||280
1�778
1�0
���05| ||5�59�| ||���95�| ||2020
�
1��09
��05�| ||7����| 1� ���������������������������������������������������������� ## **JOHN TROTTER TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS(Continued)** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **�� Total E�penditure** �uring the year� no Trustees received any remuneration (2020 - �NI�)� �uring the year� no Trustees received any �enefits in �ind (2020 - �NI�)� �uring the year� no Trustee received any reim�ursement of expenses (2020 - �NI�)� Included in the direct costs (note �) are �18�120 of staff costs for t�o employees (2020 - �19��8� for t�o employees)� ## **9� Fi�ed Assets** |�ost as at 1 �anuary 2021
�dditions during the year
�ost as at �1 �ecem�er 2021
�epreciation as at 1 �anuary 2021
�epreciation
�epreciation as at �1 �ecem�er 2021
Net �oo� value as at �1 �ecem�er 2021
Net �oo� value as at �1 �ecem�er 2020
**10� Debtors**
�ther de�tors
**11� Creditors� Amounts �alling due �ithin one year**
�ccruals and deferred income
Secured �oan
Secured �oan� refer to Note 12�|�reehold �and
and Buildings
�
1�250��15
-|
�ixtures and
�ittings
�
2��79�
-
2��79�
10�90�
2��80
1��58�
1��212|Total
�
1�277�111
-| |---|---|---|---| ||1�250��15||1�277�111| ||�7�0��
18�00�||77�9�8
20��8�| ||85�0�0||98��2�| ||1�1�5�275||1�178��87| ||1�18��281|15�892|1�199�17�| |||2021
�
28�
2021
�
���80
7�911
12�291|2020
�
1��95| ||||2020
�
��89�
12���5| ||||17�5�8| ||||| 1� ���������������������������������������������������������� ## **JOHN TROTTER TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS(Continued)** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **12� Creditors� Amounts �alling due a�ter one year** ||2021|2020| |---|---|---| ||�|�| |Secured loan|9��701|97��0�| The Trust has a long-term loan ta�en out to fund the development of the freehold property �no�n as the �pen �oor �entre (formerly �no�n as the Red �ross �entre)� This loan is secured on the freehold property� �f the �alance repaya�le �y instalments on the secured loan���1��8�(2020 - ����725) �as repaya�le after more than 5 years� ## **13� Statement o� �unds** |�
�
�
�eneral funds
1�10��87�
�0�921
79�8��
22��1�
1�8���1
��150
**Total Funds**
1�127�187
229�582
8��99�
**13� Analysis o� net assets bet�een �unds**
**Restricted �unds**
**Unrestricted �unds**
�
�
Tangi�le fixed assets
-
1�178��87
Stoc� � de�tors
-
1�285
�ash at �an�
18��82�
15�170
�reditors due �ithin one year
-
(12�291)
�reditors due after one year
-
(9��701)
18��82�
1�085�950
**Brought**
**For�ard**
**(restated)**
**Income**
**E�penditure**
Restricted funds - Phase II �pen
�oor Pro�ect|�
1�085�950
18��82�
**Carried**
**For�ard**| |---|---| ||1�272�77�| ||**Total �unds**
2021
�
1�178��87
1�285
201�99�
(12�291)
(9��701)| ||1�272�77�| ## **14� Related party transactions** Rev�d � Rimmer �ho �as a director of the company during the year �as also a mem�er of the Parochial �hurch �ouncil of �hrist �hurch� Barnet� �r R �a�son �ho �as a director of the company �as also a mem�er of the Parochial �hurch �ouncil of �hrist �hurch until 21 �pril 2021� �uring the year total donations of �7�0�� (2020 - �10��50) �ere received from the Trustees� In 2020 ��9 �as paid to a company of �hich a Trustee is a director and shareholder� This payment �as in respect of the commissioning of e�uipment for the �uilding and �as supplied at cost price to the charity� There �ere no e�uivalent payments to related parties in 2021� 15