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2021-02-28-accounts

Page
Trustees'
annual
report (incorporating
the		 director's report)
Independent
auditor's		 report to the members
Statement offinancial activities (including income and
expenditure
account)
Statement offinancial position 10
Statement ofcash flows
Notes to the financial statements 12
The following
pages		 do not form part ofthe financial statements
Detailed statement
of		 financial activities 21
Notes to the detailed statement offinancial activities 22

Reference and administrative and administrative and administrative details
Registered charity name Suncroft Donations Trust
Charity registration number 1147134
Company registration number 07936819
Principal office and registered Hallswelle
House
office 1 Hallswelle
Road
London
NW11 DDH
The trustees
Mr M Feldman
Mr J Feldman
Mr S Feldman
Mrs D Feldman
Mr H Feldman
Auditor GK &Co. LLP
Chartered
accountants		 &statutory auditor
Hallswelle
House
1 Hallswelle
Road
London
NW11 ODH

2021 2021 2020
Unrestricted
Note funds
f		 Totalfunds
E		 Total funds
E
Income and endowments
Donations
and legacies		 5 1,138,727 1,138,727
Investment
income		 6 6 6 33
Other income 7 1,090,811 1,090,811 1,066,438
Total income 2,229,544 2,229,544 1,066,471
Expenditure
Expenditure
on charitable		 activities 8,9 1,002,758 1,002,758 1.000,622
Total expenditure 1,002,758 1,002,758 1,000,622
Net income and net movement in funds 1,226,786 1,226,786 65,849
Reconciliation
offunds
Total funds brought
forward		 13,964,665 13,964,665 13,898,816
Total funds carried forward 15,191,451 15,191,ih51 13,964,665

2021 2020
Note 6 5
Fixed assets
Tangible fixed assets 13 19,343,941 19,343,941
Investments 14 1
19,343,942 19,343,942
Current assets
Cash at bank and in hand 28,676 112,987
Creditors: amounts falling due within one year 15 4,181,167 5,492,264
Net current
liabilities		 4,152,491 5,379,277
Total assets less current liabilities 15,191,451 13,964,665
Funds ofthe charity
Unrestricted
funds		 15,191,451 13,964,665
Total charity funds 16 15,191,451 13,964,665

Year end ed 28 February 2 021
2021 2020
r
Cash flows from operating activities
Net income 1,226,786 65,849
Adjustments
for:
Other interest receivable
and similar income		 (6) (33)
Interest payable and similar charges 174,625 197,489
Changesin:
Trade and other debtors 125
Trade and other creditors (2,158) 65,125
Cash generated from operations 1,399,247 328,555
Interest paid (174,625) (197,489)
Interest received 6 33
Net cash from operating
activities		 1,224,628 131,099
Cash flows from financing activities
Proceeds from loans from group undertakings (1,308,939) (47,300)
Net cash used
in		 financing
activities		 (1,308,939) (47,300)
Net (decrease)/increase
in		 cash and cash equivalents (84,311) 83,799
Cash and cash equivalents at beginning ofyear 112,987 29,188
Cash and cash equivalents at end ofyear 28,676 112,987

Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
6 6 6 P
Donations
Donations receivable 1,138,727 1,138,727
6. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
F 6 6 8
Bank interest receivable 6 6 33 33
7. Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
f		 2021
8		 Funds
6		 2020
8
Rents receivable 1,090,811 1,090,811 1,066,438 1,066,438
8. Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
6		 2021
f		 Funds
8		 2020
8
Donations paid 825,000 825,000 800,000 800,000
Support costs 177,758 177,758 200,622 200,622
1,002,758 1,002,758 1,000,622 1,000,622
9. Expenditure on charitable activities by activity type
Activities
undertaken Total funds Total fund
directly Support costs 2021 2020
F F 8
Donations paid 825,000 825,000 800,000
Governance costs 177,758 177,758 200,622
825,000 177,758 1,002,758 1,000,622

Investments
Shares in
gr'oup
undertakings
8
Cost or valuation
At 1 March 2020 and 28 February 2021
Impairment
At 1 March 2020 and 28 February 2021
Carrying
amount
At 28 February 2021 1
At 29 February 2020 1
All investments shown above are held at valuation.

Creditors : amounts
falling due within one year
2021 2020
Amounts owed to group undertakings 4,015,130 5,324,069
Other creditors 166,037 168,195
4,181,167 5,492,264

At
At 28 February
1 March 2020 Income Expenditure 2021
6 E
General funds 13,964,665 2,229,544 (1,002,758) 15,191,451
At
At 29 February 2
1 March 2019
6		 Income Expenditure
6		 020
f
General funds 13,898,816 1,066,471 (1,000,622) 13,964,665

Analysis ofnet as sets between funds
Unrestricted Total Funds
Funds 2021
6
Tangible fixed assets 19,343,941 19,343,941
Investments 1 1
Current assets 28,676 28,676
Creditors less than 1 year (4,181,167) (4,181,167)
Net assets 15,191,451 15,191,451
Unrestricted Total Funds
Funds 2020
Tangible fixed assets 19,343,941 19,343,941
Investments 1 1
Current assets 112,987 112,987
Creditors less than 1 year (5,492,264) (5,492,264)
Net assets 13,964,665 13,964,665

Analy sis ofchan ges
in net debt
At
At 1 Mar 2020 Cash flows 28 Feb 2021
Cash at bank and in hand 112,987 (84,311) 28,676
Debt due within one year (5,324,069) 1,308,939 (4,015,130)
(5,211,082) 1,224,628 (3,986,454)

2021 2020
6 6
Income and endowments
Donations
and legacies
Donations
receivable		 1,138,727
Investment
income
Bank interest receivable 33
Otherincorne
Rents receivable 1,090,811 1,066,438
Total income 2,229,544 1,066,471
Expenditure
Expenditure
on charitable		 activities
Legal and professional fees 3133 3,133
Other interest payable and similar charges 174,625 197,489
Donations
paid		 825,000 800,000
1,002,758 1,000,622
Total expenditure 1,002,758 1,000,622
Net income 1,226,786 65,849

Year ended 28 February 2 021
2021 2020
6 6
Expenditure on charitable activities
Donations paid
Activities undertaken directly
Donations
paid		 825,000 600,000
Governance costs
Governance costs - audit fees 3,000 3,000
Governance costs - legal and other professional fees 133 133
Bank charges, interest and finance fees payable 174,625 197,489
177,758 200,622
Expenditure on charitable activities 1,002,758 1,000,622