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|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||||||
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|||||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|
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|||||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|
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||||||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|
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|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|
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|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|
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|||||||||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|
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||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|
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|||2022|2021|
|---|---|---|---|
|Due within|one year|||
|Investment|income receivable|18,699|25,999|
|||18,699|25,999|
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|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|
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|||||||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|
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|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)|
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|||2022|2021|
|---|---|---|---|
|Cash|in hand|57,306|88,751|
|Total|cash and cash equivalents|57,306|88,751|
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