| PAGE | ||
|---|---|---|
| Legal and Administration | ||
| Trustees Report | 2-4 | |
| Independent Examiner's |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to Accounts | 8-1 1 |
| Trustees: | Trustees: | Lorna Reith | Chair | Chair | |||||
|---|---|---|---|---|---|---|---|---|---|
| Dr. S.Whittle | Vice | Chair | |||||||
| Mr Andrew Krokou |
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| Councillor S.Peacock | |||||||||
| Councillor G Bull | |||||||||
| Cllr Kaushika Amin |
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| Toni Mallett | |||||||||
| Rev Andrew Williams |
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| Cllr Reg Rice | |||||||||
| Mark Grosskopf | |||||||||
| Cllr Bibi Khan | |||||||||
| Cllr Tammy Palmer |
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| Ch | ittN | b | 207490 | ||||||
| Address: | Tottenham District Charity |
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| Town Hall Approach | Road | ||||||||
| Tottenham | |||||||||
| London | |||||||||
| N15 4RY | |||||||||
| Inde | endent | Examiner: | AA Boafo- Brewu, FCCA | MBA | |||||
| Augustus 8 Co. |
|||||||||
| Chartered Certified Accountants |
8, | Registered | Auditors | ||||||
| 374 Ley Street | |||||||||
| llford, Essex | |||||||||
| 1G1 4AE | |||||||||
| Investment | Mana | ers: | Gracechurch Wealth |
Management | LLP | ||||
| EFX House | |||||||||
| 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 | |||
| 2023 | 2022 | |||||
| Income and endowments | ||||||
| Donations and le acies: |
||||||
| Donations | 296 | 296 | 49,800 | |||
| Investment Income |
155,486 | 155,486 | 170,777 | |||
| Total Incoming resources | 155,782 | 155,782 | 220,577 | |||
| ~E* /ha |
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| Costs of raising funds. | ||||||
| Investment management |
cost | 4 | 13,119 | 13,119 | 15,155 | |
| Expenditure on charitable |
||||||
| activities: | ||||||
| Pensions | 54,114 | 54,114 | 50,045 | |||
| Grants | 94,484 | 94,484 | 96,471 | |||
| Sub Total | 148,598 | 148,598 | 146,516 | |||
| Total expenditure | 16'1,717 | 161,717 | 161,672 | |||
| Net income/(expenditure) | ||||||
| before gains/(losses) | on | |||||
| investments | (5,935) | (5,935) | 58,905 | |||
| Gains on Land Building | ||||||
| Gains/(loss) on Investment |
8 | (40,088) | (140,896) | (180,984) | 44,690 | |
| Net movement in funds |
(46,023) | (140,896) | (186,920) | 103,595 | ||
| Reconciliation of Funds |
||||||
| Total Funds brought forward | 684,047 | 2,994,788 | 3,678,835 | 3,575,240 | ||
| Fund balances carried | ||||||
| forward at 31 March 2023 | 638,024 | 2,853,892 | 3,491,915 | 3,678,835 |
| Notes | Unrestricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Fund | Funds | Funds | |||||
| 2023 | 2022 | |||||||
| 6 | ||||||||
| FIXEDASSETS: | ||||||||
| Tangible Assets | 1,372,700 | 1,372,700 | 1,372,700 | |||||
| Investments | 421 431 | 1 481 192 | 1 902 623 | 2 083608 | ||||
| Total Fixed Assets | 421 431 | 2853,892 | 3,275323 | 3456 308 | ||||
| CURRENT | ASSETS: | |||||||
| Debtors | 32,731 | 32,731 | 32,207 | |||||
| Cash at bank and | in hand | 189864 | 189864 | 196510 | ||||
| Total Current Assets | 222,596 | 222,596 | 226,717 | |||||
| LIABILITIES: | ||||||||
| Creditors: Amount | falling | due within one year | 10 | 6004 | 6004 | 6 190 | ||
| Net Current | Assets | 216,592 | 216,592 | 222,527 | ||||
| Net Assets | 638,023 | 2,853,892 | 3,491,915 | 3,678,835 | ||||
| Total Funds | ofthe chari | |||||||
| Permanent | Endowment | Fund | 2,853,892 | 2,853,892 | 2,994,788 | |||
| Unrestricted | funds | 638023 | 638023 | 684 047 | ||||
| 638,023 | 2,853,892 | 3,491,915 | 3,678,835 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| 6 | E | ||||
| Donations, | legacies and | Sundry Income: | |||
| 2 | Donations | 49,800 | |||
| Sundry Income | 296 | ||||
| 49,800 | |||||
| 3 | Investment | income: | |||
| Rent Receivable | 100,216 | 115,761 | |||
| Dividends | - Equities | 55,000 | 55,000 | ||
| Interest on | cash deposits | 270 | 16 | ||
| 155,486 | 170,777 | ||||
| 4 | Investment | management | cost | ||
| Investment | management | fees | 13119 | 15,155 | |
| 13,119 | 16,155 |
| Since the charity has no employees all cost are alloc |
ated to governance costs |
|
|---|---|---|
| 2023 | 2022 | |
| Governance costs | E | E |
| Secretarial Services | 10,910 | 9,345 |
| Accountancy 8 Bookkeeping |
6,990 | 6,530 |
| Independent Examiner's fee |
2,674 | 2,547 |
| Sundry Expenses | 808 | 1,342 |
| 21,382 | 19,764 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Grant /Pension | Governance | Total | |||
| Funded activity |
cost | F | |||
| Funded from unrestricted | fund | ||||
| Pensions/Bonus | 46,328 | 7,787 | 54,114 | 50,045 | |
| Grants | 80,888 | 13,595 | 94,484 | 96,471 | |
| 127,216 | 21,382 | 148,598 | 146,516 |
| 7 | Tangible Fixed Assets | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Freehold Land 8 Buildings |
708 High Rd | 710 High Rd. | 724-6 High Rd. | ||||||
| London N17 | London N17 | London N17 | TOTAL | ||||||
| 6 | F | ||||||||
| Value at 1 April 2022 | 450,600 | 296,600 | 625,500 | 1,372,700 | |||||
| Revaluation Gain/(Losses) |
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| Value at 31 March 2023 | 450,600 | 296,600 | 625,500 | 1,372,700 | |||||
| Value at 31 March 2022 | 450,600 | 296,600 | 625,500 | 1,372,700 | |||||
| 8 | Fixed Asset Investments | ||||||||
| Restricted Fund |
2023 | 2022 | |||||||
| Permanent Endowment |
Fund: | 5 | 8 | ||||||
| Market value brought forward |
at 1 April | 2022 | 1,622,088 | 1,587,297 | |||||
| Prior Year Adjustment | |||||||||
| Addition during the year |
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| Minus: Net loss on revaluation- |
Investments | 1,622,088 ~140,8M |
1,587,297 34,791 |
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| Market value as at 31 March 2023 | 1,481,192 | 1,622,088 | |||||||
| Unrestricted Fund |
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| Market value brought forward |
at 1 April | 2022 | 461,519 | 451,621 | |||||
| Prior year adjustment | |||||||||
| Net movement in Unrestricted |
Funds during year: | 461,519 | 451,621 | ||||||
| General Fund |
(40,088) | 9,898 | |||||||
| Market value as at 31 March 2023 | 421,43'I | 461,519 | |||||||
| Investment at market value comprised: |
2023 | 2022 | |||||||
| Equities | 1,902,623 | 2,083,608 | |||||||
| Total | 1,902,623 | 2,083,608 | |||||||
| 9 | Analyis of current assets | 2023 | 2022 | ||||||
| Debtors | 5 | f | |||||||
| Insurance &Rent income |
due | —710 | High Road | 31,482 | 29,707 | ||||
| Insurance &Rent income |
due | - 708 | High Road | 1,249 | 5,500 | ||||
| Rent due - 724-726 High | Road | (3,000) | |||||||
| Sundry Debtors | |||||||||
| 32,731 | 32,207 | ||||||||
| Cash at bank | 189,864 | 196,510 | |||||||
| 222,596 | 228,717 | ||||||||
| Debtors and Cash at bank related to | unrestricted | funds. | |||||||
| 0 | Creditors under 1year |
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| Independent Examiner's fee Professional Fee |
2,674 3,330 |
2,547 3,644 |
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| 6,004 | 6,190 | ||||||||
| All creditors relate to unrestricted |
funds |
| Analysis o | fcharitable | fund | ||||||
|---|---|---|---|---|---|---|---|---|
| Analysis of |
Fund | Balance | Income | Expenditure | Transfers | Gain and | Fund | |
| Movements | B/Fwd | (Losses) | C/Fwd | |||||
| E | E | F | ||||||
| Permanent | Endowment | Fund | 2,994,788 | 140,896 | 2,853,892 | |||
| Urestricted | Funds | 684,047 | 155,782 | 161,717 | 40,088 | 638,023 | ||
| 3,678,835 | 155,782 | 151,717 | 180,984 | 3,481,915 |