2022-03-31-accounts

Trustees		A M Baker1
		Rev BBatstone2
		SGoldberg (resigned		31 October 2022)
		E C Griffith
		TJ Hammett1
		Archdeacon J E	I Hawkins
		J Manyan
		P C Roberts MBE (appointed			1 September 2022)2
		I R M Woolf1,3
		" Members ofthe Investment			Committee
		~ Ex Officio Trustees ' Ex Officio Trustee to 31/08/2022,				appointed	as co-opted Trustee on 03/10/2022
Charity registered
number		1160318
Principal office		St Mary's C of E	Primary School
		Rectory Gardens
		London
		N8 7PJ
Independent	auditors	BKLAudit LLP
		Chartered Accountants
		Statutory Auditor
		35 Ballards Lane
		London
		N3 1XW
Bankers		National Westminster		Bank Plc
		The Broadway
		1 Crouch End Hill
		London
		N8 8DL
Investment	managers	Barclays
		1 Churchill Place
		Canary Wharf
		London
		E145HP

				Unrestricted	Total	Total
				funds	funds	funds
				2022	2022	2021
			Note	f.	f.
Income from:
Investments				263,394	263,394	310,129
Total income				263,394	263,394	310,129
Expenditure on:
Raising funds				135,471	135,471	124,889
Charitable activities				706,543	706,543	791,426
Total expenditure				842,014	842,014	916,315
Net movement	in funds before other recognised
gains				(578,620)	(578,620)	(606,186)
Other recognised		gains:
Gains on revaluation		offixed assets		1,852,578	1,852,578	6,136,466
Net movement	in funds			1,273,958	1,273,958	5,530,280
Reconciliation	offunds:
Total funds brought		forward		27,497,478	27,497,478	21,967,198
Net movement	in funds			1,273,958	1,273,958	5,530,280
Total funds carried forward				28,771,436	28,771,436	27,497,478

				2022		2021
		Note		f.
Fixed assets
Investments		10		26,258,907		28,026,159
Investment property		9		3,108,379
				29,367,286		28,026,159
Current assets
Debtors			18,699		25,999
Cash at bank and	in hand		57,306		88,751
			76,005		114,750
Creditors: amounts	falling due within one
year		12	(671,855)		(643,431)
Net current liabilities				(595,850)		(528,681)
Total assets less	current liabilities			28,771,436		27,497,478
Total net assets				28,771,436		27,497,478
Charity funds
Restricted funds		13
Unrestricted funds		13		28,771,436		27,497,478
Total funds				28,771,436		27,497,478

						2022	2021
Cash flows from operating			activities
Net cash		used in operating	activities			(806,290)	(872,855)
Cash flows from investing			activities
Dividends,		interests and rents from investments				263,394	310,129
Proceeds		from sale of investments				18,660,768	8,227,437
Purchase		of investments				(15,040,938)	(7,682,663)
Purchase		of investment property				(3,108,379)
Net cash		provided by investing activities				774,845	854,903
Cash flows from financing			activities
Net cash		provided by financing activities
Change	in cash and cash		equivalents	in	the year	(31,445)	(17,952)
Cash and		cash equivalents	at the beginning		ofthe year	88,751	106,703
Cash and		cash equivalents	at the end	of	the year	57,306	88,751

					Unrestricted	Total
					funds	funds
					2022	2022
	Rental	income			5,252	5,252
	Quoted	investments			258,142	258,142
					263,394	263,394
					Unrestricted	Total
					funds	funds
					2021	2021
	Quoted	investments			310,129	310,129
3.	Investment		management	costs
					Unrestricted	Total
					funds	funds
					2022	2022
	Investment		management	fees	135,471	135,471
					Unrestricted	Total
					funds	funds
					2021	2021
	Investment		management	fees	124,727	124,727
	Tax payments				162	162
					124,889	124,889

Grants to	Grants to	Total
Institutions	Individuals	funds
2022	2022	2022
682,582		682,582

Grants	to	schools/beneficiaries	682,582		682,582
			Grants to	Grants to	Total
			Institutions	Individuals	funds
			2021	2021	2021
Grants	to	schools/beneficiaries	764,200	3,000	767,200

			2022	2021
Name of institution
Greig City Academy			210,000	240,000
Bishop Stopfords School			38,422	20,400
StAidians VC Primary School			15,000	25,000
St Michael-at-Bowes			15,000	21,800
St Marys C of E Primary	School		238,000	255,000
StArms CE Primary School			28,363	35,000
St Michaels CE Primary	School		29,842	30,000
St Pauls and All Hallows	Primary	School	44,280	54,000
StJames CE Primary School			15,675
Holy Trinity CE Primary School			25,000	35,000
YMCA North London			5,000	30,000
North London Pastoral Assistants		Scheme	18,000	18,000
			682,582	764,200
			682,582	764,200

Promoting	education
Promoting	education

Unrestricted
funds	Total
2022	2022
706,543	706,543
Unrestricted
funds	Total
2021	2021
791,426	791,426

		Grant
		funding of	Support	Total
		activities	costs	funds
		2022	2022	2022
Promoting	education	682,582	23,961	706,543
		Grant
		funding of	Support	Total
		activities	costs	funds
		2021	2021	2021
Promoting	education	767,200	24,226	791,426

								Promoting	Total
								education	funds
								2022	2022
	Insurance	costs						324	324
	Administrator		charges					11,716	11,716
	Bank charges							26	26
	Accounting	8	audit costs					10,800	10,800
	Misc costs							1,095	1,095
								23,961	23,961
								Promoting	Total
								education	funds
								2021	2021
	Insurance	costs						370	370
	Administrator		charges					12,388	12,388
	Bank charges							28	28
	Telephone	costs						640	640
	Accounting	8	audit costs					10,800	10,800
								24,226	24,226
7.	Auditors'	remuneration
								2022	2021
	Fees payable		to the Charity's	auditor		for the audit ofthe Charity's	annual
	accounts							6,000	6,000
	Fees payable		to the Charity's	auditor		in respect of:
	All non-audit		services not included		above			3,000	3,000

	Listed	Cash on
	investments	Portfolio	Total
	f.	f.	f.
Cost or valuation
At 1 April 2021	27,981,770	44,389	28,026,159
Additions	5,463,033	9,577,905	15,040,938
Disposals	(9,312,547)	(9,348,221)	(18,660,768)
Revaluations	1,852,578		1,852,578
At 31 March 2022	25,984,834	274,073	26,258,907
Net book value
At 31 March 2022	25,984,834	274,073	26,258,907
At 31 March 2021	27,981,770	44,389	28,026,159

		2022	2021
Due within	one year
Investment	income receivable	18,699	25,999
		18,699	25,999

Grant creditors
Accruals and deferred	income

2022f	2021
649,730	622,200
22,125	21,231
671,855	643,431

Stateme	nt o	ffunds - curren	t year
							Balance at
			Balance at 1			Gains/	31 March
			April 2021	Income	Expenditure	(Losses)	2022
Unrestricted		funds
General	Funds - all funds		27,497,478	263,394	(842,014)	1,852,578	28,771,436

Stateme	nt o	ffunds - prior y	ear
							Balance at
			Balance at			Gains/	31 March
			1 April 2020	Income	Expenditure	(Losses)	2021
Unrestricted		funds
General	Funds - all funds		21,967,198	310,129	(916,315)	6,136,466	27,497,478

						Balance at
		Balance at 1			Gains/	31 March
		April 2021	Income	Expenditure	(Losses)	2022
General	funds	27,497,478	263,394	(842,014)	1,852,578	28,771,436

						Balance at
		Balance at			Gains/	31 March
		1 April 2020	Income	Expenditure	(Losses)	2021
General	funds	21,967,198	310,129	(916,315)	6,136,466	27,497,478

Analysis of net assets between funds - current ye	ar
	Unrestricted	Total
	funds	funds
	2022	2022
Fixed asset investments	26,258,907	26,258,907
Investment property	3,108,379	3,108,379
Current assets	76,005	76,005
Creditors due within one year	(671,855)	(671,855)
Total	28,771,436	28,771,436

Analysis ofnet ass	ets betw	een f	unds - prior	year
					Unrestricted	Total
					funds	funds
					2021	2021
Fixed asset investments					28,026,159	28,026,159
Current assets					114,750	114,750
Creditors due within	one year				(643,431)	(643,431)
Total					27,497,478	27,497,478
Reconciliation of net movement			in funds to	net cash flow from operating	activities
					2022f	2021
Net expenditure for	the year (as per Statement			of Financial Activities)	(578,620)	(606,186)
Adjustments for:
Dividends, interests	and rents	from	investments		(263,394)	(310,129)
Decrease/(increase)	in debtors				7,300	(8,871)
Increase in creditors					28,424	52,331
Net cash used in operating		activities			(806,290)	(872,855)

		2022	2021
Cash	in hand	57,306	88,751
Total	cash and cash equivalents	57,306	88,751