2021-03-31-accounts - Tottenham District Charity

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Legal and Administration
Trustees Report		2-4
Independent Examiner's	Report

Trustees:	Trustees:	Trustees:		Mr Andrew Krokou		Chair	Chair
				Dr. S.Whittle		Vice		Chair
				Councillor S.Peacock
				Mr Peter Jones
				Councillor G Bull
				Rev Dr Bunmi Fagbemi
				Cllr Lorna Reith
				Cllr Reg Rice
				Mark Grosskopf
				Cllr Bibi Khan
				Clive Boutle
				Cllr Tammy Palmer
~Ch	i	N	b	207490
Address:				Tottenham District Charity
				Town Hall Approach	Road
				Tottenham
				London
				N15 4RY
Inde		endent	Examiner:	A A Boafo - Brewu,	FCCA	MBA
				Augustus &Co.
				Chartered Certified	Accountants		8	Registered	Auditors
				374 Ley Street
				flford, Essex
				1G1 4AE
Investment			Mana ers:	Gracechurch Wealth Management				LLP
				EFXHouse
				1 Boycott Avenue
				Oldbrook
				Milton Keynes
				MK6 2RW
Bankers:				Barclays Bank PLC
				Wood Green
				London
				N22 6QQ

		Notes	Unrestricted	Endowment	Total	Total
			Funds	Fund	Funds	Funds
					2021	2020
Income and endowments
Donations and le acies:
Donations			250		250	650
Investment Income			142,677		142,677	165,635
Total Incoming resources			142,927		142,927	166,285
~ECht
Costs of raising funds:
Investment management	cost	4	13,790		13,790	11,659
Expenditure on charitable
activities:
Pensions			55,450		55,450	62,655
Grants			64,248		64,248	68,047
Sub Total			119,698		119,698	130,702
Total expenditure			133,488		133,488	142,361
Net income/(expenditure)
before gains/(losses) on
investments			9,439		9,439	23,924
Gains on Land Building
Gains on Investment			93,459	328,477	421,936	(37,705)
Net movement in funds			102,898	328,477	431,375	(13,781)
Reconciliation of Funds
Total Funds brought forward Prior Year Adjustment			597,131 2,578,054 ~6,936 ~2,383		3,175,185 ~3&,318	3,188,966
Total Funds B/Fwd. Restated Transfer between funds			590,195 ~77850,	2,553,671 77,850	3,143,866
Fund balances earned
forward at 31 March 2021			615,243	2,959,997	3,575,240	3,175,185
The Notes on pages 8to 11form		part of	these accounts

					Notes	Unrestricted	Endowment	Total	Total
						Funds	Fund	Funds	Funds
								2021	2020
									6
FIXEDASSETS:
Tangible Assets							1,372,700	1,372,700	1,372,700
Investments						451 621	1 587,297	2 038918	1 648,302
CURRENT	ASSETS:			Total Fixed Assets		451,621	2,959,997	3,411618	3,021 002
Debtors						49,825		49,825	49,700
Cash at bank and		in hand				130011		130011	109581
			Total Current Assets			179,836		179,837	159,282
LIABILITIES:
Creditors: Amount		falling		due within one year	10	16214		16214	5099
Net Current	Assets					163,622		163,623	154,183
				Net Assets		615,243	2,959,997	3,575,240	3,175,185
Total Fund	ofthe	chari
Permanent Endowment			Fund				2,959,997	2,959,997	2,578,054
Unrestricted	funds					615243		615243	597131
						615,243	2,959,997	3,575,240	3,175,185

				2021f	2020 5
	Donations	and legacies:
2	Donations			250	650
				250	650
3	Investment	income:
	Rent Receivable			87,500	116,280
	Dividends - Equities			55,000	48,750
	Interest on	cash deposits		177	605
				142,677	165,635
4	Investment	management	cost
	Investment	management	fees	13,788	11,659
				13,788	11,659

Since the charity has no employees	costs
	2021	2,020
Governance costs	f	F
Secretarial Services	8,900	8,900
Accountancy 8 Bookkeeping	6,200	6,200
Independent Examiner's fee	2,426	2,310
Sundry Expenses	2,173	6,181
	19,698	23,591

to old age pensioners wh	o should	be resident in Tot	tenham, North Lo	ndon.
				2021	2020
		Grant /Pension	Governance	Total
		Funded activity	cost	E
Funded from unrestricted	fund
Pensions/Bonus		46,325	9,125	55,450	62,655
Grants		53,676	10,573	64,249	68,047
		100,001	19,698	119,699	130,702

NOT	ES TO THE ACCOUNTS
7	Tangible Fixed Assets
	Freehold Land & Buildings	708 High Rd			710	High Rd.	724-6 High Rd.
		London N17 f			London N17 f		London N17 f	TOTAL
	Value at 1 April 2020			450,500	296,600		625,500	1,372,700
	Revaluation Gain/(Losses)
	Value at 31 March 2021			450,600	296,600		625,500	1,372,700
	Value at 31 March 2020			450,500	295,500		625,500	1,372,700
8	Fixed Asset Investments
	Restricted Fund						2021	2020
	Permanent Endowment Fund:
	Market value brought forward	at 1 April		2020			1,283,204	1,312,557
	Prior Year Adjustment						(24,383)
	Addition during the year
	Market value brought forward at 1 April Adjust: Net Profit (Loss) on revaluation-			2020 Restated Investments			1,258,821 328,477	1,312,557 ~29,353
	Market value as at 31 March 2021						1,587,297	1,283,204
	Unrestricted Fund
	Market value brought forward	at 1 April		2020			355,098	373,450
	Prior Year Adjustment						(5,936)
	Addition during the year
	Net movement in Unrestricted General Fund	Funds	during year		Restated:		358,152 93,459	373,450 ~8,352
	Market value as at 31 March 2021						451,621	365,098
	Investment at market value comprised:						2021	2020
	Equities						2,038,918	1,548,302
	Total						2,038,918	1,648,302
9	Analyis of current assets Debtors						2021 f	2020
	Insurance &Rent income due	- 710	High Road				2,481	1,199
	Insurance &Rent income due	- 708	High Road				5,549	7,242
	Rent due - 724-725 High Road						41,795	40,780
	Sundry Debtors							479
							49,825	49,700
	Cash at bank						130,010	109,581
							179,836	159,281
	Debtors and Cash at bank related to		unrestdcied		funds.
10	Creditors under 1 year
	Independent Examiner's fee						2,425	2,310
	Professional Fee						13,788	2,789
							16,214	5,099
	All creditors relate to unrestncted funds

Analysis of	Fund		Balance	Income	Expenditure	Transfers	Gain and	Fund
Movements			B/Fwd				Losses	C/Fwd
			F					5
Permanent	Endowment	Fund	2,553,671			77,850	328,477	2,959,997
Unrestricted	Funds		590,195	142,927	~7733,488	~77858	93459	815243
			3,143,866	142,927	( 133,488)		421,936	3„575,240