R•glstered Charlty No: 208350 Newham People's Trust Fund Annual Report and Financial Statements for the Year Ended 31" May 2022
Newham People's Trust Fund Contents P•ges Charfty d8talls Tru81ee8' report Independent examlnef8 report Slatsml of flnanclgl actlvlUe8 Balance sh8•t NotOB to tho fln8ndo1 statéments I18
Newham People's Trust Fund Charity Details Trusts•s Rokhsana Fiaz Patricia Holland Joy Laguda Mart0 Gabriel Salim Patel Paul Chelllah Eugen• Gllkes Zubei Gulamussen Nl•ha Lathlgra Cl•rk to th• Tru•t London Borough of Navtham Pwln¢lpo1 offlc• N8wham Dockslae 1000 Dockside Road London E10 2QU The Newham People's Trust Fund is Tegisleied in EnglBnd and Wales 88 a chadty. number 208350.
Newham People's Trust Fund Trustees, report for the year ended 31st May 2022 Thtt Iruslees psent their annual report and financSal statsments of the ch8rity for the year ended 31st M8y 2022. The financial Statements hav& bean prepared in accordance with the accounting policies sel OLrt in note 1 to the accounts and comptywith the chairty's trust deed, thg Charitie3Act2011 and Accounting and Repo.ng by Charities.. Statefflenl of Rgcomrnended Practice applicable to charfties preparing thelr accounts In accordance wlh th• Financial Report& Standard for Smaller Enlttle$ publSshed on 16107114. The Charity detalLs on page 1 fom part of this report. Stry¢tur•. governan¢o and man•g¢m•nt The Tnjst Is registered as o tharity England and W81es. number 208350. ond is admlnistered by the London Borough of Nawham on behaof the Tru5te88. The Tnjst operated 88 Thg Newham Clwc Ambassadors Fund I'th• Ciwc Ambassadors Fund'} until 11 F8bw8ry 2009. On 11 FebrLJary 2009. the Trust was created by Ihe consolidolon of the Cl¢ Ambassadors Fund with a number of other charfl8. also adminl3ler8d by the London Borough of Newham. The Trust is govemed undor a Schem8 of Charity Commission dated 11 February 2009 0$ 8mendeiS by a resolution dated 3 August 20091.the Schem• of Charity Comlnission'l. The Trusl was known As the Mayor of NhaM'S Tru8t Fund frorn February 2009 until the name wa8 changed to The Newham People's TrLJSt Fund on the 14 Seplembef 2011. The Trust Is r¢glstered un¢J8r thls namè w the Charity Commlssion. The Trustees are respon81bl¢ lor the slrateglc dlrèctlon and pollcy of the Twst and, subj8Ct to any prud¢nt dalegation to 8dvS8&rs ond agents. make all subs18nliva decisions in relation to th8 Trust. In furth8rAnce of IhlB. th8 Trusl•es meet four tlmes a year, wlh oddttion81 m¢etlngs bel c811ed os and whw n8ce88ary. Under the Sch•m• of Charlty Commlssion, the Trust was requlr9d to 8ppolnl one Ex offlcb Trustee, four Nominated Trustees and not more than SIX cOted TrUstS. The TNSta8s are drawn from councillors. kjcal busines$ and communlty orgonlsallons. Rokh8an8 Fl8z h8$ ba8n oppolnted 88 Mayor ol Newh8m, and Ih•refore o¥ Ex officio Trustee of the Tru8t, on 7 M8y 2018. Nomlnated Trust88s rnust be appointed by the Mayor Ic* 8 rtod of four y8ars, 5uble¢t to the termination provisions set out in Ihg Scheme of Charfty Commi581on. The appointm&nl of a Co-optod Trustee must b• made al a 8pedo1 meeting of th• Trustees.
Newham People's Trust Fund Trustees, report for the year ended 31st May 2022 Trustse8 The Trust ofthe Trust who sorved dudng th8 year and since the ye8r end are sel out b810w.' lappolnt8d 7 May 20181 lappoinled 11 February 20091 (appointed 11 February 2009} lappointed 3 August 20091 lappoinled 21 July 20161 lappolnted 29 Sgplember 20161 lappoinled 29 Septemb8r 20161 lappointsd 29 Septembor 20161 Rokhs8na FSaz Patrici8 Holland Joy Laguda M8rlg GabTlel Salim Patel Paul Ch8lli8h Eu9en& Gilke$ Zuber Gulamus3en Mayor ol Newham l Ex offido Tfusltse Nominated Tnjstee Nomlnated Trust•• CovOPte¢J Truslee Nomlnated Trusta Co-oplad Tru6189 Co-opted Tnjstee C¢wted Trust8e No business may be tr8nsacted al 8 m••tlrrfJ unless three Trustees are prts88ni. one of whom must bo o Nominated Tnjstee. The Truste&s may appoint a committeg of not le8S than 0 ol th•Sr numb8r to deal with applications for assistance from the Trustvthich cannot awalt the Tfuslee6' nexi meeting. The deciBlons of suth a comrnittee musl be r¢port8d to the Tnjstees al thelr n¢xt meeting. Except wlih the prfor written approvol of the Charfty Comm15&on, no Truste• may recolve Any benefft In mcffley or In klntj from the Trust, or have a financlal Interest in the supply of goods or 88tvlces lo the Trust, or acqulre ¢y hold any Int•r¢sl In property of the TTUg1, Now Trustees are brielgd on thglr l¢gal obligations under ch8rlty law, the conlont of thè Scheme of Charfly Comrni581on and any amandments rn8de to il. the conl•nt ol the Trust's late51 annual report and flnanclol statements, the decision making processes of the Trust and the Trusl's lulure plans and oblectlve8. The Trust•88 gre kept updated on any ¢han9es to Ihelr obligation3 and rasponsiblllti88. ObJ•ctlv•$ and actlvltl•• for th• publ1¢ b•n•fit Under tha Scheme ol ChaTIfy Comml$skJn, the objèct of Ihe Trusl Is. for the publSc ben8fft. to promolg any charitable purpose for the b¥neflt of re3Id&nts ol the Lond4)n Borough ol Newham In such ¢h8rft8ble ways as Ihs Trustees see fil. The Strategy of the Trust to meet Its obl8ct Is lo provlda financi81 o$$iStarKe thre4h bts branches, th8 Educatlon Branch And the R¢lièf Bronch, by tho maklng ol or8nts prtmarfly lo indivlduals for a rang& ol needs. The Education Branth's objective Ss to provldé financiol assistance lo promote the •ducallon of p¢rson8 under th¢ 8ge 0125 who are resident in thg London Borough of Newham. The Rellel Branch's objectlv¢ Is to provlde flnanclal assistance for tho rell•f of porsons who are rosldent In tha London Borough of Newham and vtho are Sick, ¢onvalescenl. dlsabled, or otherwise Sn poor mental or physical health, or who have re¢ognlsed leamlng drfficuffjeB. The Trustees have paid due regard to the Charity Commission's guidance on public benefit, as reguired by Section 4 of the Ch8rilies Act 2006, when reviewing th¢ objects and strategy of the Tw$l. In particular. the TNstees have ConSered how planned activities vlll contribute to the objedves of Ih&TnJ5t and that thegranls bèlng awarded by the Trust are lor public ben&fft. Grant maklng pollcy
Newham People's Trust Fund Trustees, report for the year ended 31st May 2022 The decislon to grant a r•qLbesl for a8slstance from Trust and thg amount 89reed is at the discretion of the Trustees. Residents ol Newh may apply. or o third patylfor examp18 a counryl officer, tsacher. socia5 worker or community support worker) may apply on behalf of the rnsident for a grant. Chariti'es which are r¢gister8d in the London Borough of Newham may Also apply on behalf of indlviduals. There has been no m8eting of the Trustees in 2021-22, duè to no applications being receNed by Ihe Trust lo consider. The maximum amount that the Trustees will con84Jer granllng Is normally £2,000. The Tmstees may decide lo provid8 osslstsnce in $8v8rg1 ways- Making grants ol money., Providlng or paying lor goojs, s8ceS or faclltU&s: or Making grants of money to other p¢ople OT boales vtho provlde good$, sarvlces (x facilities to applicants. Grants or bur5arf8s can be given lo individuols OT the Insthutlons attend8d by Indiwduals to focllltats further leamlng as approved by the Trustees. The Trust do8s not fund organi5ats.ons or projects. bul appllc8llons from Indfvidua18 or Indlvlduals known to organisatlons r88id•nl In NewhBm arg welcom. The TrLOt doos ncl fund unlversty fees, laptOP5 and cornputers or provide asslstance wllh debl clearance. Tho Trust wll not provije as3ist8nc¢ in paying ron( gos, electric or any other blll arr•8TS. Furthemior$, the Trust is not a supplemtrnt lo ben8fl1 p8ym6nts, houslng allowances. child ben•flis atc. Flnancial or other assislanco also be given lo a58181 on applicant's gnlry into 8 profe58iM or trade, or to assi$l Ihern to travel abroad lo pursug Ihelr educatlon. Provision for any educational In$tllutlon in Newham of any klnd nol norm8lly provided for by ihe Ioc818ulhorlty may undei extr8ord5nary clr¢umslance8 be agreed b8lween tho Trustees 8nd the governors of School concemed. bl A¢hl•v•m•nts and p•rforni•nce Th& Trust recelved donations lotalling £36 durlng the year12021.. £361- In addlllon th& Trust g•nèraled Snveslmenl income 01 £30.000 {2021.. £30,000). Durir¥J 2021122 yeor the Trust gwarded no grants12020121.' £0} as shown In noto 6 to thè fin8nGlal Btal8ments. Flnanclal revl•w The nel movèment Sn funds lor Ihe year, as shown in the stalem•nl of finand81 activ19 on pgge 8, amounted to a surplus of £29,53612021.' surplus of £29,536). The v8lug of the Trust'8 ng18ssels at 31 May 2022 wa$ £1,597,42812021: 1,567,892). Inv••tm•nt poll¢y and perforniAn¢• The Truslees have set a target r•le of return of 2.5% per annum on tho Trust's inve61menl5. which ar• managed by Ihg London Borough ol Newham on behalf of the Trust.
Newham People's Trust Fund Trustees, report for the year ended 31st May 2022 Investment inwmè during the yèar amounted to £30,00012021.. £30,000). Thls equated lo an annual Vgrage return of 2.38°k in the year12021.' 2.38°hl. The Trustees will continue to monitor the perfomiance ofthe Trust's investments agaln8t the tsrget r8te of rglum. Pollcy st•tsm•nt on r•sorS The unrostrlcted funds av8i18ble for expendlturg amounted lo a surplus of £20.09312020121". £20,557). Tho fvnds at 31 May 2022 11 be retained lo finane• the Tnjsl's ¢haritBble objects. lo meet ongoing operating expènses and are co)sklered to be appr(¥Jrfate and accoptable by the Trustse8. Tha Trustees conslder the rewv• requSremenl$ of the r831rfcted and endowment fund8 separatsly. The Trustees inteThJ lo relaln inv8Stment3 of £1.257,637 in pertu1tY. Inveslmonl Incoma $amed wll be allocated to the Relief Branch Educatlon Branch r8strlcted funds as appropriate and disth'buted In occordan¢8 the Ob1v•S of these br8n¢h•$. £1.257,837 Is the tsrgot level of re8erve8 that the charlty curr•ntly S8h•S to hold. Durfng the yèar, investment Incorne totalling £30,IYJO was alloc8te(I to the re81rletsd funds1£22,SC() Educallon Branch, £7,500 R8llèf 8rAnchl for futuro dlstrlbutlon. At 31 May 2022, the total funds r&talned in the restrlcted and endowment funds w•r& £1.577,3351£1,2S7,637 8ndowm8nt funds, £319,698 re3tri¢led fund81. The tru3tee3 are aware of the r8qulr8ment of the Chorlty Commissloners lo rovl8w their pollcy on r8serv88 al r$glar Intervals. The Trust has accumulated fund8 and does not depgnd on fundr8i8ing 8ctivilie8. To maintain the Trustee'8 poslllon as a going concern the current intention is lo maintain minimum ca3h balances of £10,000 and minimum raserve balances of £1.267,837. As At May 2022 th¢$¢ balanc Wefe £339,791 and £1,597,428 rfjspethvely. Plan8 for futur• d•v•lopmonts The Trust8 plan lo conllnue to provide charitablg Support Sn acLordancè Its objectfve8 and strategy.
Newham People's Trust Fund Trustees, report for the year ended 31st May 2022
Newham People's Trust Fund Trustees, report for the year ended 31st May 2022 stst•mont of TruBtsos' rnsponslbilitl8S The Trustees are responsible for pieparing the Tru51ees' Raport and the financial stgternents In accordance with appllcable law 8nd United Kingdom Accounting Standard8 Iunlted Kingdom Generally Accepted Acwunling Proth"cel. The18W 8ppllcable lo charities in England and Wales raquires the Trustees to prepare financial statements for each financial year which give 8 true and fair vt8w of the s181& of affairs of th• Trust 8rKI of the incoming resources and applic8lksn of resre&S of the Trust for that period. In preparing these financi818tsl¢mgnts, the TNstOos are required lo.. Select 8Urtable accounting pollcles and than apply thern conslstently,. Obs¢rv8 the methods and princlples in the Ch8filYd8 SORP- Make judgeménts an¢J estimate8 Ihgt are reasonablè and prudent., stste thelh8r appllcable actswnlln9 slan¢J8rds hav8 been followed, subject lo any matsrf81 departUTeB dlsclosed and •xplalned in the flnanclal stslem8nts; 8nd Prepare th8 financSal 518t8mants on the 9olng concern b8sis unb8s It18 Inappropdaté lo presume th81 Ihe Trust wlll ¢ontlnue in bu$inass. The Trusteas erè r8sponslbl8 for keeplng proper accounllng records that d13close wrth reasonablo accur8ey al any Ilmo the finan¢ial poslllon of the Trust ond enable them to en811re that the fln3ncl81 siatements comply wth the Charllles Act 1993, 88 Bmend¢d by the Charltlas Act 20(. th¢ Charity IA¢¢ounts and Reports) Regul¥tlons 2008 and the provlslons of th8 govefnlng docum•nt. They are a150 spOnSIble for 8afeguardln9 the assots of tho Trust arKJ hen¢a for taking reasonable steps for the prevenllon and det•ctl¢)n of fraud and oth•r ifrogvlariti¢$. Intsmal control• and mltlgatlon of major rl•k• The Trusleets hav• Id•ntffjed an¢J r88w8d the major rfsks of th8 Twst and hav• 08tabllshed inl8rn01 controls lo miligata these risks. Th• Trustees Confirm that the Controls [mement•d are approprlato to the $lz• of tho Trust and of th¢ nalure of 118 opèratlons. On b•h•lf ofth• Tru•t••• Tru*t•• Mayor Rokhsana Fiaz OBE Mayor of Newham 2 y March 2025 12025
Newham People's Trust Fund Independent Examinerfs report to the Trustees of Newham People's Trust Fund Indopondent examIne5 r•port to th• trust•g$ of Nowham Poopl•'• Trust Fund Ichorlty numbgr 208350) I r•p)rt to the tr1885 on my exomlnatbn of Ihe aoUnt¥ of Ihe above charlty I'lh• Trust'l for t year ondod 31 May 2022. R••pon•lbllftlg• •nd ol rnport As the Crtty.¥ trust, you ar• r¢sponslbl• for lh• wtparatvi of the ac¢c•Jni8 In aceord•nc• wilh the requir•ments of the ChBdtl88 Act 20111lh• Aeri I rèport In r•specl ol my ¢xamlnBll¢h ol thè ae¢ount$ coffied out uThaer sedon 145 of tM 2011 Aet and in carrylng out my examlnallon I have lollowed 811 of Ihe appllcatl• Dlr•clloni given by Ihe Charty Commi$slon undw ation 144Sllbl of ¢h• Ad. Ind•pgnd•nt •xlr,8 tt•m•nt I have c(wnpl8t•d my •xAMInaOn. l o)nfirm th81 no rngtértal matters have come to my attonlon In conneLbn vAth Ihe examlnalh)n whlch glv•8 me rU to bdleve that in Bny mAi•rfal re8pKI.' the actn1th9 r•cord8 wmre not kept In adanc wfth s8cUon 130 ofkn ChBrlti•• Act. or the omnts d4d not accord 1h the 8ccounting roLX)r¢s,' or th8 accouftt$ dd not jMPty with Ihe •pplicable requlrements conc•mlng lh• forn And ntsn1 ol fin8nckql slatemenls set Out in Ihe Charities (ACnIS And Reports) R•gu181ions 2C418 other Ihan 811y requir¢menl that Ihe finana81 &talem8nts glve 8'tru8 and falr vw whlch is not a rnatter consirlered •s part of an Ind•p•nd8nt gxamln81tDn. I h•ve ¢om• a(098 no other m#tl•rs to %thich, In my oplnknn, atten¢Th shtyjd be thawn In ord•r lo propor un¢J•tstAnthrg of Ihe flnAnc6al sl•lenI8 to b• f•Kh*J. P•t•r Worth, CPFA, PAAAT Rallway Cotts98, ToThor. Cumbrfa LAZ1 118A 21 IAwch 2025
Newham People's Trust Fund Statement of Financlal Activities for the year ended 31st May 2022 Sfaternwrt olfinanclal actlviti•i for the yeoi 8nd4d 31 May 20 Uire5twKted ReslrKted Funds EDdoTheMt Total Fundi Funds 2021122 Toial F4Thd8 2020121 Donaon5 and L8ga069 OihÈr Tradlnq ALIMts"es Inwgstrnenl and Otherlncoffl• Jo,000 Tolal kncome aNd ÉndtrAThenls 30,036 30,056 Raislngfunog Charbtabl8 admttes Governance C08ts 500 Ttknl Expondhre NeImtye1In lund8 14641 29,53 ?9,$36 Balance al 1 June 2021 20,557 t.257,6JT 1,S87,892 1,5J8J50 BalDDC• at 31 IAty 2022 15 20.093 )19.098 I J5T,037 1.59T.428 1,567,892 All of the Tru8t'8 aCtIe8 are derived from continuing opeiatlons. Thtr Trust has no recfJnls•d galns and los888 other than those shown abovè 8nd thfjrelore no $8parate 8lat•ment of totsl rw)gnlsed galns •nd lossos has b88n presenl•d. Thera S¥ no dlfferenco baiween the nel Inwno for the staled above, and ils hlstorlcal Cost •qulvaltnl.
Newham People's Trust Fund Balance Sheet at 31st May 2022 Balon¢• Sheel as at 31 htsy 2022 Not 21Yi1r22 20211121 FIX a Investm8nts 10 1,251,637 1,257,637 Ir DeL*ors Cash * b3nk and in hand J39.791 339.791 310,255 310.255 CTgdrtors-. amounts falling due wthin ollo yèar 12 Net cu81 a$8ets 339,791 310255 Endowffnt Roslriclgd Unrestricted 14 14 14 1.251.637 319.698 20,093 1,257.637 289.698 20.551 Total fvnds Tho fln8ncSal Stalemts on pag08 8 to 16 were approved by the Trusta•s on I signed on thelr behaLf by.. l and wore Trust•• Mayor Rokhsana Fiaz OBE Mayor of Newham March 2025 10
Newham People's Trust Fund Notes to the financial statements for the year ended 31st May 2022 Prlnclpal aoUntIng polScies The fin8nclal staternenls have been prnpared in accordar with tho Statement of R8commeTrJod Praclbca: Accounting and Reportiro by Charities preparlng thelr accounts in accordance with the Financial Reportiro Standard pplleAble in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and the Finanotal ReporUn9 Slandard appli¢8blo In the United Klngdom and Republic of Ireland IFRS 1021 and the Charities Act 2011 and UK Generally Accapted Practlce as il applies from 1 January 201 S. A $umm8ry ol th& prirKipal o¢counling polkies, which have been applied consislenlly, is Set below. Ba8b• of a¢¢ountlng The fln8nclal statements are prepared on the golng con¢em basis and In acwdanc6 with the hlstorfc cosl convention 8$ modified by tha revaluation of Investrnents. Incom• Income 4$ credlted lo the s18temenl of ffinanclol aclivltl•$ M a receivable basls and valued on dale of pladgelrttelpl. Investsnant Income is slal¢d Inclusive of rècoverable lax8110n. Where Incomlng resources have relatod expendilur•18swSlh bjndraislng income) the Incomlng resources and relotsd exp8ndlture aro Teportod gr08s in the flnan¢lal statement8. Donoted 86rvkes and lacllltles are Inoluded in th$ statement ol ffin8nGial actlv1tl In the 8T In whkh they are recelvable, where Ihoy are quantifiablo, ond where 8 Ihlrd party18 b8ariTrJ the cost. IncLJme r8¢e6v•J 1$ dl8cIo8ed In note 14 whl¢h will detail whether Is rostrtcted and unrestdcl8d. Exp•ndltur• Llabilities are rgcognlsed as resourc88 •xpend¢d wh•n th8re18 a18901 or ConstrLIv• obligation ¢ommlttlTrJ th¥ Trust to tho ¢xpendKure. Grant payments ar8 recognlsed In th• financl818tat•ments whon payTnenl3 are made on behalf of the Trust by the IrKal authority and Iheso payments can b¢ Identlfied and allocated lo gr8nl recipients. Exp8ndlture incurf•d wlll be di8do88d under the c8t¢gorles of, costs of geren9 fund8, ch8rf18bl• actlvill¢s and govèmance costs. Gov8mance co31$ Induda costs assoclated wllh m8•llng the con811tIon01 and statulory reqviromants of the Tnjst. Prlnclpal accountlng pollcies {eontlnuedl
Newham People's Trust Fund Notes to the financial statements for the year ended 31st May 2022 Inv•stments Investments are Includ in Il financlal ststements at market V81u8 at the balance sheet datè. Reallsed and unreallsed gains and losses are crgdited or debit•J to the 31atement of financlol activities In th8 year in whlch they arise. Fund accounting The unrestrictod fund comprise5 g•neral funds may b6 used towards megdng the charltable oblectlves ol the Tnjsl at the disc¥eti'on of the Trustees. Thg restrictèd and 8xpendab18 andowment ftjnds comprise fund$ sublect lo donor Impos8d condlilons which are wilhln the chariiable obje¢tives of the Trust. Taxatlon The Trust 18 a registered thadly, and therefora It Is not Ilable for Incom& tax or ¢orpor8tlon tax on Income derlvad from Sis charflabl• activilles, BS It falls within th¢ varfous eyemptlons ava118bl8 to regSster8d charilles. VAT is Indud¢d vllhin ¢xpenditur• whara r( is not recoverable. C•¥h flow $t•t•ment The TN$l qualifies as a small entity and ¥$ a Consequ. It 13 exempt from the r8quemenl to publlsh a cgsh flow statèment under FlnanrAal Reporting Standard 1 Irevis•dl "Cash flow ststamenl.. Don•tlon• and L•g•clei RostrSct8d Eido*wt FuRd• F•nd• Total 2021122 Tota 2020121 Fund• Total fvnds tran8ferre(J from ¢thgr tharfe$ MonetaryDonationg Donalons In TrI) 38 36 38 Oth•r Trndlng Actlvltl•8 No lundralsing advltles look Pla in 2020121. 12
Newham People's Trust Fund Notes to the financial statements for the year ended 315t May 2022 Inve¥lm•nt and Other Incom• Note 4 Unwtrf¢t•d Funds R•$trf¢tsd Funds Endowm•nt Funds Total 2021122 Totsl 2020121 Inter8Ston cash deroslts Bank Interest 30,000 30.000 30,0 30.000 30.000 Inveslmenl balance of É1,257.6371s held by LBN on behalf of th• N8wham People's Tnjsl FL. Intoresl is paid al fix amount of £30,000 per year equating to a 2.38OA return. R•lslng Fund• The c081 of fundralslng a¢Uvlllo8 durlng the year w85 nll. Charllabl• Actlvttl•• Th• vall of grants dlstdbuted durfng the y¥ar w88 as follows.. Unr•8trtthd Fund• R••trlcl•d Fund• Endo*Ynent Fund• Total 2021122 Tal 2020121 Educlltl Brnn¢h Otr R•ll•f 8rnnch Otr 10th8r grants dlslrlbuted duflng Ihe year were to Indivlduals. Gov•rnan¢• costs Total 2020121 Total 2021122 Admirtslr8l Costs lTrJeperKlent Examinallon Fe 500 300 SC soo Tho v8luo of facllities provid8d by the London Borough Newham 8uch as staff lime. office space and the use of office aquipmenl ha$ not been recogni38d in the finanry81 statements ol the Trust in 2020121 because th$ benefit is not easily quanflabIe. Governance costs of £500 pres8n1 the indepondent exarninatM)n fee charged by Worth T&thnical AcLounling Solufjons Llmited. 13
Newham People's Trust Fund Notes to the financial statements for the year ended 31st May 2022 Banking Arrangemgnts Th8 Trust doès t cperate Tis own bank accounts. Monies a held on ils bohalf by th• London Borough of Newhom and Ihe Trust receiv8s Interestfrcxn thè CouncAI on tse balanc•s. currently 81 g fixed amountof £30.000 par annum os agreed on 7 July 2009. K•y Manag•m•nt Personnd, Stsff co8ts and Tru8to0•' remunortlon Key m¥nagemenl pgrsonn81 havo b•8n Identffied as.. Melnir Hall- Chief Accountant for London Borough of Nawharn Nlsha Lalhl9ra- Clark to the Trust N•bther ofthos¢ officers rècelved gny remvner4Jon from tho Trust in 2021122 No employ888 were 8mployed by th& Trust durfng the year12020121.' Non81. The Trustees r•ceived no r8muneratlon Sn respact of thelr services lo th¢ Tru81 during the year12021122". £nill. No paenIOr reimbursernent of Dut ofp(ke1exPenseS w8smade lo any ofth8 Trustees or lo thlrd parti•sforexpen$es incurred by Ihe Trustees during tho year12021122'. £Nill. 10 Flx•d A¥#•t Inv•8tments Notè 10 Total 2021122 Al 1 Jur 2021 AOJtlonslOIsFKJ801$ 1.257,837 At 31 May 2022 1 257 $37 All Inveslm•nts represent ¢a$h held as part of tho investment portfollo. 11 D•btorn Total 2020121 Tot412021122 Cjonallons r•dev8ble AccrLpd lrtome 14
Newham People's Trust Fund Notes to the financlal statements for the year ended 318t May 2022 12 Cr•dltors: amount$ tslllng du• wlthln on• year Total 2020121 Total 2021122 Grarts Payab18 A¢¢wL8 13 Post B•lanc• Sh••t Ev•nt• Thwe hWJr& no ovents to report. 15
Newham People's Trust Fund Notes to the financial statements for the year ended 31st May 2022 14 Anal15 of fund¥ Noie 14 AnalsBls of Fund¥ Incomlng R•sourc•i Re8ouru$ Exp•nd•d At1 Jun• 2021 At 31 May 2022 Endowm•ntfunds Education Branch Re@f Branch Olher 0ndowntS 964.687 282,950 10,000 964.687 282.950 10,000 1,257,637 1,257,637 R•strlcted fund$ Education Bra1h Relef Br8n¢h 249.655 40,043 22.500 7.500 272.155 47,543 289.698 30,000 319 698 Unr•*trlctsd Fund• Gener81 F 20,557 36 500 20.093 1567 892 soo 1 597 428 Endowm•nt fvnd•: Educatlon Branch The Educ8lion Branch endowmenl fijnd was &8tablishod fr(Yn fund¥ transferred from other chorlues In accordanca Ihg Scherno of Charfty Cornmlssion. Inl&re$t eam8d on the endowrnent fund is restricted to provlding flnanclal assislancg lo promote th8 educatlon of persons under the age of 25 who am residont In the London eorough of Nowhom. R•ll•f Br•nch Th8 Rellel Branch 8nd0vnI fund was è8tablSshed from fund8 Ir8nsferr8d other charltlas in aceofdance the S¢h8me of Charity Commissbn. Interest 88rned on th¢ endowmont fund is rèstrfcted lo providing flnoncABI essSstance for the rellof of p•rsons who are resid8nl In the London Borough of Newham. Oth•r •ndowments Inlgrest eaTrd on the other •ndcwmenl fund Is avai18blg to fund tho activiti¢s of the Trust. 16
Newham People's Trust Fund Notes to the financial statements for the year ended 31$t May 2022 Restrlct•d funds: Educatlon Branch The Educ81ion Branch reslrfcted fund indudes th• restricted income frcffl the Educ8tion 8Tan¢h eThJowment fund aryj may be usgd lo provide finanryal assistance a8 noted above. ReJl•f Branch The Relief Blanch restricted fvnd Includes the re8tricle<l Income from tho Rellef Br8nch endowm¥nt fund and may be used lo provide flnanclal asslstance as nol&d above. 15 Analy•ls of n•t ••••ts bOtOn funds Not• 16 Unr•strlct•d Funds R•strlcled Funds Endovmi•nt Funds Total 2021122 Tatal 2020121 Funa balances at 31 May 2020 are represenleij by". Investments Debtors Cash at bank and In fiand Ciedilors.. amDunts falllng rjue wrtnin cffle year 1,257,637 1.257,637 1.257.637 20,093 319.698 339.791 310,255 2D.093 319,691 1.267.637 1.597.428 1,067,092 16 R•conclll•tlon of movom•nt In fvnd• N(rte 16 Totèl 2021122 Total 2020121 OnIng fund5 Net for lh9 y80r 1,567,892 29,536 1,538,3S6 29.536 Cbslry FuTh1$ 1 $97 428 1507 892 17 Rel¥t•d party tran•a¢tlons A ntjmber ol Indlvidua13 who served as Truslees during the y98f were also councillors of the London Borough of Newham. The London Borou of Nwham administer5 the Trust on behalf of the Trustees and manages the Trust, investments. 17