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|Legal and Administration|||
|---|---|---|
|Trustees Report||2-4|
|Independent
Examiner's|Report||
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|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||||||
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|||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||||
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||||||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|
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|||||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|
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|Since the charity has no employees|all cost are allocated to governance|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|
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|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|
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|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||||||||
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|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|
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