CHARITY REG. NO. 2074 TOThENHAM DISTRICT CHARITY REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
TorrENHAIA DISTRICT CHARITY CONTEKrs PAGE Legal and AdrninistratK Trnstees Rep 24 Indythnt Exananefs Rewt staternt of Financial Activit$ Balance Sheet Notes to Acc(nts 11
LEGAL AND ADMNISTRATION INFORIIATION Tnwtee8: Loma Rth Toni Mallett Ch Chair cnCilI0[ S. Poac£rk Cllr Kaushika Amin Rev Andr8w Imllrams Cllr Reg Rte Gnr Mark Grosskopf Bibi Khan Cjk Ahmed Mahbub Cllr Ibrah#n Cha Numbr. 207490 Addrtss: Tottenham Oirict arity PO Box 806 Northwich Cheshire CW3 Ind dont Ex•mlnar: gustus & Co. Chartered Certified Al>1ants & Registered A1[tOrS 374 Ley Street Ilford, Essex 1G14AE Investrnont Mana (knchufch l*Vealth Management LLP EFX House 1 Boycott Avenue OkltKook Milton Keynes MK6 2RW Bank Barclays Bank PLC LoThJon N22 6QQ
TOThENHAM DISTRICT Trnstees Annual Re rtfortho oar onded 31 March 2025 The trustees submil theirannua report t(ether with the financial statements forthe year ended 31 March 2025. The financial statements have been prepared Mi accordancewith the acmuntir¥J policies set out in note 1 to the accounts and compty with the charity's trust deed, the Charities Act 2011 and A¢untIng and Reporiing by Charit*s.' Statement of Recommended Practice applicable to chafities in preparing thetrs in accordan with the FinaThial Reporting Standard applicab ¥) the UK and Repubk of Ireknd publ1s15 on 16 July 2014. Govwnl Document The Charity w8s regthred on 15 May 1962.1115 govemed by tn1 deed daled 210(thr 1970 and 24 Juty 1980. Ob ectlves The main obieds ofthe tharity the wow1 dassIstan in the fomi ofgrants to the poorer residents in Tottenham and those who are house due lo sickness. particularly obj people. In addition, the chartty provmles grants in the fomi of n¥Mlhty pensions lo the okjer aml poorer residents in Tottenham. North London to supplement the Slate pension. Revlew of Actfviti The aCCnts for the year under revi are attxhed. The main incomes of the rJ)arity are dFwidends frc#n investments arvj renl ITOM investnw)t pro8. The investments are a Combinat of Restricted and UnrestrKXed Funds. I)me from investment properties. restricted and unr&#ri¢ted funds are expended to athieve the oWNes of the charity. The total Inco for the year under review was £185.500 expenditure was £156272. Trustee8 Sele¢tlon Method The board of Trustees consist when compbte of twefve persorts made up of seven Nomtnatlve and fve clptatiVe TTuslees. The Trustees are persons who Ihwh resklence. occupati¢Jn, or empbyrnenl, orolhernise have spectal knrmiledge ofTottenham area. Councal of London Borough of HarirvJey appoints the Nonwth Twslees for a temi of f(r years. Cf>OPtats"ve Truslees 8re appointed for 8 temi of fve yws ty a re&SutIc of th8 TteeS passed at special rting. Achl•v6mgnt and Actlvltles durln the Yoar The charity rrenttY has arcAJnd 103 active pensM)ner5 on its fist who vme paid £250 in April. £250 in October and an additiond pens of £11)0 in December. The maximum number of penstoners the charity can offer the pension ai a timo is 150 and they must be resident in Tottenham, North London. The total spent in pensions and bonuses duiing the year under review amounted to £64.964. In additM)n. grant-in-a#J lotallirKJ £47.499 was gpien out to approved applwits during th8 year for the provISK of food arKI essential items to the poorest and most vulnerth in Tottenham. How <>UT actlvltlès dollver ubllc beneffts Our main &tivitie$ and who we try to help are as deSbed In objectives and actNities. All the chafiiable actiwties focus on thctse obJ1VeS to further our tharitale puwes for the publi benefft.
Regorvè Pollc The cajrrent poficy of the Chartty is lo dislnTrJule all income generated dur the year lo fulfil its obje1xi. The Tfustees WIH revmv thts cY frcwn time to twne. The current unrestricted reserve of the 11 is £739.281. Grant Makln Grants are gene• given to resklents li T0ttenhn whose applcatKins are assessed by the Grants Sutthnmttee based on laid d(pn criteria and condition& Plans for the future The tharity will continue in the foreseeable future to help aifeviate the financTal burden on the Vul1? and ts old who * re5Klent Tottenha North London. Invesbn•nt 11¢ and rformance The imfestment pdicy of Ihe ¢arity continue to be the mixed porMio of properties and st(Kk. The overaif performan( h8$ been g(JyJ dewle 8 dOuM al the end of the financial year. and the annual relums adequate tor irK¥)n needs. The trustees. financi81 8dvÉsor is Gracethurch Weatth managnt LLP. In monetary temis, the portfofio dettea8ed try £33,286 between the vaatIonS dated 01KJ4r2024 WKI 31103r2025. Due to a shirt for infiatn and interest rate cuts, VK started the financtal year with a dip, but this SCM)n tumed r(wnd and was folh)wed by a pericJ of strong & sustained growth in worfd markets as we headed tixyards the US eleclion. Markets were volatile, bul by early December the 'tknv Jones Industtial Average. in the US had [en from 39.760 to over 45.000. whith equates lo a rise of more than 13%. and nb3rkets aroutKI Ihe worfd foilwed. Wih Trump swom irrto office In January 2025. there was significant around the US markets at that stage. with talks of gr1h and tax tsjts. Ixrt then canp the tsriff announcement and everything ¢han9ed. blbrld markets. not least those in the US. kMMe. and the maprity of the gains we had seen over the year TAre wikd CA To put ltrs into contexi in tenns of our p(lNM) we slarted ts year (1" h4xII 2024) having just gone thrOh the £2m mark at £2.005.198. ar¥J we ended financial year (3111 March 2025) al £1,971.912. This represents a Ight fall, but rf we take into account the withdmyals of £60,[K oler persod. then this means we dtd still a<thie¥e a modest level of gr0h despbte market cofApse. thlst disappointing lo experience sucth 8 dramatic and unexpected fall in workl rn8ets these events do happen periodir2lly. as we have seen previousty in our Fmxtfolto. bui this sort rf voktirty aso brings with it opportunity. To put the longer lami perfomwce into perSFectr', over 5 years to 31¢¢ March 2025. the portfolio ha5 achieved growth of 34.93%, whth in 'simple interesv tenns equates to lust under 7% pa. Rlsk mana The dlarity does not envisage any operaknnal risk In of its small size. The area of possitrAe risk 15 retum on investment and perfornn. Ixrt li is hopwj that wilh the appointsnent of professw)nal financial adw'sor this mthgated.
State ent of Trustoès R•s ngibllltles The trustees are responsible tor prepartThJ the Trustees, Annual Rep(Yl and th6 finan21 statements in accordance with appltcable law ar¥J United KubJdom AcUntIng Standards (United lfjngdom Generalty Accepted Acctxjnting Practice). The law applicable to charities in Engtand & Wales requires the trustees to prepare financial statements for each financial year vthtch give a true and fair vtew of Ihe stste of atrairs of the arity and of the incoming resources and applicati( of resources ofthe drity for that period. In preparing these finanaal staternent& the ttustees are required to: a) select suilable accountirKJ polKies and apply them consistentty" b) obSen the nths and principies in the Charittes SORP,. c) make judgments and eslKrthes thai are reasonable and F d) state whetlF applrcable accounting standards have Ln folkrrted, subj&1 to any material depArtU dis(xed and ext4ained in Ihe financial staterrents. e) prepare the fmanctal statements on the going COnrn basis unless it is inappropriate to presume tha the drity will continue in operalion. The trustees e reswmsiblts for keepiw wJffKxent 8ccountiig r01$ that disck)se with reasonable accuracy at any tirr the ffftanck81 Wsiti of the cTrwity and enable them to ensure that the financial statements comply vfith the chareS Ad 2011, the applicable Charities (Accounts and Repor1$) Regulattons, and the FvIsiOnS of the Trtl deed. They ale also responsible for safeguarding ttle awts of Ihe charity and tak reasonable steps for the wevention and detection of fraud and other irfegUknes. The Irustees are responsible the rnten8Th and integrity of the charty and financial infomiation included on the charws website in accofd8nce with iSlatn in the United Kingdom wep8T and disseminatw)n of fina87 ststement Declaralion I declare, in my cwity of trustee thaL" The trustees ppr{y1 the repKNI above LlJuty 2025 and non eir hall Name Loma Reilh Positi(. Chair
TOTTENHAM DISTRICT CHARITY ndent Examlnefs Ro rt tts tho Trustees of Tottenham Olstrict Charl I rewt to the tNstees on my exanfftthn of Ihe financ4al slatements of Tottenham Disth¢t Chaiity Ilhe charity? for Ihe year ended 31 March 21r25 wtiich cryise the Statemenl of Fknand81 Adivrtits. the Balance Sheet and rekted notes. Thi8 report is made 8dely kn 11te charity's trustees, as a bo. n attordance lIh Sect 145 of the ChaFilies 2011. My th tm$ been undaken ¥0 that I Mjht stale to the charity's trusl8es those Matte l affl r8quired to state to them in Ihis report lor no oth8r purpose. To the lulesl exnI pemitted by law, l (kn not accepi assume respons1)]'fity to anyone other than the thrity and the charity's trustees a5 a b)dy. for my work, tr this report. LY the opinions I have fomwd. Responsibllltles and basls of report A8 the trustees of the charty. you are rosprmlL4e frx the eparati0ft of the fMClaI Statements . accord¥e with the requiremerts Oftt chare8 fvLt 2011 Ilhe k). I report in respect of my eXamfvW of the clwity'¥ finarKiaf statements carried tyjt under section 145 of the Act in carrying oul my examinabon I have fo%?Ed au Il awicable Dwactio grn by the Charity Commisslon under seclion 145{6)Ib} of the P£t. An deperKnt 8xanThnalion does Mt involve gthriro al the IdenCe that be rewired in an audit and c(SequentIY does not cover all the matters that an aLKfrtcff considers In giving their opinion ¢ the financial statements. The planning and ¢lUcI of an audit goes beyond the knited assurance that an independent examination can VOVKle. Consequenuy. l express as to whether the fmancial stslemenls present a Urue and frdirf vrew and my rgPNt i8 Ilmited 1¢ those 5pecifr matters set out in the indeperKlent exaKnS slatomenL Independent examln•es statennt If the charity's gr05s wjcome eXded £250.(MKI YIMK axaminer must ba a memtrr of a body listed in section 145 ofthe 2011 Act Your tsome fcthe year was bek7Wthis amounL I confvm that l am qualified to undertake the exam1rtion be¢aU l am a DnlerOIAcQA Li one ofthe Ilsttsj tiodie& I have Completed my exam1rlI0 I confinn that no materi81 maiters have cx)me to my aitention in corne¢tf•n wlth the examination giving me Izuse to bekn that in any material respect.. accounting re¢y)rds thre kept tn respecl oftr charity as requi by seth.on 130 rflhe Act: the financial statemènts do Th)t acctyd with those re¢wd8: or the ffinancial ststements th) cornpty ith the appCable requirements ¢onceming the fom) and content of accounts set out in the Ctr*rittes (Accouts and Reports) RegulatKJn$ 2008 other than any requirement that the xcounts g¥0 8 fwr is tx)t a matter CDn5idered as part of an independent eXaMation. I have concem$ and have c(yne ams ollw mallefs in cormctX the èxarrinatK41 to whith attenlK)n $h(wld b8 drawn in Ihi% raport to enable a propar Undern1 of the fmancial statements tr> be reached. A A Boafo- FCCA. MBA Augustus & Co Chartered Certif1 AcwJntarts & Registered Audknr 374 Ley Street Essex IG14AE Dated. 1 71. /2oi s-
TOTTENHAM DISTRICT CHARITY STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 3 Total Funds Fund Fund5 Funds 202S 2024 Income and endovrnients Donations an aclos: Donations 210 210 514 Investmerrt Income 185.2} 185.500 185.2 186.500 205.393 205,908 Total Incoming resou* Costs of raising fund& Investment ThAnagement co 14.017 14,017 19.225 Expendtiure on tharitable ad1vit. Pensions 82.173 60.082 141256 82.173 66.434 Grants 63.983 8ub Total 142256 130,418 Total expendllure before galng1(losses) on Galns on Land Buildlng Galnsl{10s8) on Inve81rnen 156.272 158.272 29.227 149,643 56,265 £29,227 (7.373) 125.913) 33,285 102,575 Nel wovement in funds 21.855 (25,913) 4,058 158.840 Rn¢11{alK of Funds Total Funds brrwht forward Prior YearAdjustsnent Total Funds brought for4Yard Fund balances caffled 3,175.18S.CKJ 31,319.00 3,491,915 717.009 2,931747 3.650.756 fot4ward at 31 Marth 224 11 738,864 2.907.834 3,646.698 3.650,756 The Notes on pages 8 to 11 form pJt of Ihese acujunts
TOTfENHAAI DISTRICT CHARITY HEET AT 31 MARCH 2025 Fund Funds 2024 FIXED ASSETS.. Tangible Assets Investments 1,3T2.7(K) 1,535.134 2.WJ7,834 1,372,700 1.971.913 3.344,613 1.372,7tKI 2.005,198 3,377.898 436,779 438.779 Total Fixed Assets CURRENT ASSETS: Debtors 11.075 11,D75 79.466 199.705 279,171 Cash at bank and in ha 297,268 308.343 297.268 308,343 Total Current Assets LIABILITIES: Creditors: Amount faThng tJL 10 Net CuThenl Assets 6,259 302.084 6,259 302,084 6.314 272.857 n8,863 2.907,834 3.646.698 3,650.756 Total Fundg ol the Charl 11 Pernent Endowment FurKI 2.907,834 2.907,834 738.864 3.646.698 2.933.747 717.009 3,660.756 unre5tn.cied funds 738,864 738 I907.834 Approv and Signed o Ifof T loLf Stgnature: Lorna Reith - Chair &gnatU.. T¢1 Malett- Chair The Notes on pages 8 to 11 fonn part of these accnts
1 Accounlkng Pokl•s prepeJirvJ theii a¢etsJrrts in accoEd8nce wilh Ihtr Finaè1 ReF4th SIrd awli¢ab in tho UK and Republ of Irond IFRS I2) issued on Juty 16 ju 2014 the stthr appl"c4b18 ¢n United F(j.Orn aThJ R8puUK of Ireknj {FRS JIYLI ONJ Chsitw Ara 2111. tntstses in furthefant• tsfthè oftha thwity. g) Fr11dLrtdWld of Harll4ey and a ofthe Royal In51ilute clCh8rtergJ IRICSI actsths foi okl r85•Jent8 inTottÈtham WB8. It Mbduth toth that ¢an be &Iated dir8• to such aLliwbe5 a% those of an iTrSr•cl natLffe rSary lo them. SLV reqU¥ents of Ihe Charty ar#1 irtlwJB tha oxsnwn8rf¥ costs Srthed to1he ¥tyalwJ man8g•ment ofts charity. q) Rt•ltsodgalns w10& purtha88 Va rf acquir to the frttd8y rfthe Unmdiged gatns and k)$8BS 8re c4oted as tha f8¥ ai tha Jwr KI th?ircgrryMg Re8bsed 8TrJ unrealsed kn¥Bstrnont aThl kffjses are combwvJ &at*npnt ol Athit85.
NOTES TO THE AccouKrs 2025 2024 DonatloDs. hgaclm and Sundry In¢om•: Donations Sundry Irx>)m& 31x1 214 300 210 210 Invo8tsnent incomè: Rent ReN8e tIMderbJs- EqLFitles Inthst on cash deF1 122.259 60,000 3,031 185.290 143,722 60.000 1.671 20S.393 Inv951menl maftagement cost In¥e8th18nt managemert fees 14,017 14017 19.225 19,225 In 2tr25 all t14.01712tr24 È19225) ofWNejtrmanagCtv& athtmrt lo endw Ailocatlon of gov•rnance and ¢)ther support costs 2025 S8U6tarf81 Seryi¢es Accounlaw & BookkeepiFVJ Independent Examinef8 fee Sundry Expenses 12.850 13.425 11.540 7.120 710 29.793 1.470 22.938 Analysls of charltab expendliure The charity undertak8s ils charil8tk thrOh grant to Irth$ 2025 2024 Funded from unr•strktgd fimd PensionslBonus Grants 17.210 12,583 29.793 2.173 60.082 142.266 54.114 47.499 112A63 148.698
THE ACCOUNTS 11 Aly¥18 ol ch•rltabl• fund Bffv (Loss881 Pwrnanent 2.933.747 Ure6bÈcthd 717.ClJ9 25.912 2.9)7.834 7.373 7,884 185,5(Kl 158.273 4650.7S6 185 156273 34285 3,646,698 12 EnWoy Romunornll¢MI 13 Rtsd Paty Trans•cSoM And Tru5tee¥' Remuneratlon & Exp•n respectof lh• yoar. 11