Registernd Charity No: 208350 Newham People's Trust Fund Annual Report and Financial Statements for the Year Ended 31°, May 2023 Newham People's Trust Fund Contents P•g•s Char6ty detailB Trust•e8' r•port Ind¢pendenl examinerf8 report stst•mént of flnaneAal aL#lvlti88 B818nce Sheet Notes to th? flngnclal 8tatem¢nts 10-16 Newham People's Trust Fund Charity Details Trustsos Rokhsana Fiaz Patriclo Holland Joy Laguda Mari8 Gabrlel Salim Patsl Paul Chelli8h Eugeno Gilkes Zuber Gulamussen Nl•h¥ Lathlgr• Cl•rk to the Tw•t L￿don Borough of Newham Pdn¢lpal offlc• Navtham Dod($ldo 1000 CIoGk8idè Road London E16 2QU Slatus Tha Newham Peoplo's Trust Fund 18 ￿gISt•red In England and W818s aB a ch•rfty, number 208350. Newham People's Trust Fund Trustees. report for the year ended 31st May 2023 The Irustses present thèir annual report and flnandal Statements of the chadty for the year ended 31st May 2023. The fin8n¢ial statements havo been prepar8d In accordance wth the accounb'ng polid8$ set out in note I to the accounts and complywilh th8 charitys ITUSt deed, the Chariti8s Act 2011 and Accounting and Rep¢Jrtlr¥J by Charities.. Statement of Recommended Praclice appllcable lo charities pr8parirrfJ their accounts in accordance wth the Flnancial R&portiTrJ Standard for Smaller Entiiies publi8h8d on 16107114. The Charlty detailB on page 1 fomi part of Ihls report. Stmcturg. gov•mance and m•n•gemfrnt The Trust Is r8glst8red as a ch8rfty in ErrfJland and Wakn, numb&r 208350, and 1$ admlnS8tergd by the London Borough of Newham on behalf oflhe Tnjstees. The Trust OP¢i8ted as The Newham Ciwc Ambassadors Fund I'lhe Clvic Ambassadors Fund.) until 11 February 2009. On 11 February 2009. the Trust was erealed by the ¢onsolldation ol the Civic Ambassadors Fund with a number of other charltles. 815¢ 8dminlstered by tho London Borough of Newham. The Trust Is gov¥med under a Sch&me ol Charity Commission doled 11 February 2009 as gmended by a rtsolutlon dated 3 August 20091"Ihe Scheme of Charity Commission'l. The Trust w8É known as the Mayor of Newh8m's TTUSI Fund frorn February 2009 untll th• name wa6 changed lo The Newh8m Pèople's Tru81 Fund on the 14 September 2011. The Trust 1$ reglslered und8r this name with the Chorfty Commisslon. Tha Trustees 8r8 ￿SPonSIble for the strateglc dlractlon and polw of the Trust and. subpcl to any prudant delegatlon to adv18er$ 8nd ogents, rnak& all subsiantivè d8cision5 in rèlallon to the Trust. In furtherarKe of Ihls, the Trustges meet four t￿M•S a year, wth additional me¥tln9s beirvJ call8d as and wh•n necessary. Undar the S¢heme ol Charity Commlsslon, th• Trust was rtqulr&J to oppolnl one Ex offl¢lo Trustee, four Nomln8led Trustees and not more Ih8n SIX Gowopted Trusta8s. The Trusl¢e$ are drawn from councillors. local busine55e8 and community org8nlsatlon8. Rokhsana Flaz has baèn appolnled a$ Mayor of Newham, and Ih8roforg as Ex offido Trusltst of the Trust, on 7 May 2018. Nominated Trugt8es mu31 be ¥ppolnted by thè Mayor lor a period of four yeors, subjèct to the t•rmlnatSon provlslons sel out in Iha Scheme of Chority CommI¥sk￿. The appolntmenl of a Cothopted Truslae musl bè made al a speclal meetlrG of Ihg Truste88. Newham People's Trust Fund Trustees, report for the year ended 31st May 2023 Trust••s Tho Trustees of the TrLKSt who served duriThJ the year and since year end are sel oui below.. (appointed 7 May 20181 1oppoSnled 11 February 2009 (appointed 11 Fgbruary 20091 lappointed 3 August 20091 (appolnted 21 July 20161 {appolnled 29 September 20161 (appointed 29 Seplemb8r 20161 (oppolnted 29 September 20161 Rokhsana Fiaz Patricia HollarKI Joy Laguda Marie G8brl•l S8llm Patsl Paul Ch•llSah Eugene Gllkes Zuber Gulamussan Mayor of Newham l Ex officio Tru5teo Nominated Trustee Nominated Trustee Co-opted Trustee Nominat8d Tmstee C&opted Trustee Ctropted Trustee Ctropl•d Trustee No buslness may b• transacled al a m•eling un1è88 throe TnJ3tee$ ar8 pre8enl, one of whorn must be 8 Nominoted Trustee. The Trustees may 8ppolnt a comrnlttee ol not le55 than h¥0 of Ihelr number to deal wth applicalbons for assistance from th& Trustwhich Cannot await th6 Trustees, next meeting. The deusions of 5u¢h a committee musl b¢ reported lo the Trustees al their next meetlng. Except ￿th th• Pflor written approval of the Charity Commi381on, no Trustee may racalve any bonafil In mor or In kind from Ihtr Trust. or have 8 flnan¢io1 Interest In tha supply ol goo¢J$ or 8ervlc•s lo the Trust, or acquire or hold any inlere5t In property of the Tru81. Naw Truste83 are brfofed on their bg81 oblbalii)n8 under charftylow. the eonlent of the Sthern• of Charfty Commission and any am&ndm8nls made lo it, the content of the Twsl's 18lest annual report anij financial stalernenls, th8 decision making processes of the Trust and th& Tfusl's lulure plans and objectives. The TNstee8 are kapl updated on any changes to theSr obligauons and rosponsibilth'es. Obl•etlv•* and act1v1t1￿ for th• publlc b•n•llt Under the Scherne ol Charlly Commiss4on. the ci>lect of th• Tru8t 1$, for the publlc b8n8flt, to promote any charftab18 purpose for the b8n&fit of re8ldenls of the London Borough of Nowham in Such ¢horliable ways as th8 Trusleos see fll. The 8lrol¢gy of the Trust lo meet Its obj￿1 1$ to provlde flnanclBI as8lsl8nc• through its two branch88. th8 Educatlon Branch and the Rell818ronch, by the making of grants prlmarfly lo Indlviduo18 for a rangg of needs. The Education Bfgnch'8 objectlve 1$ to provlde fln8ncSal assl8t8nc8 to promote the trtjucatlon of p•rson$ under th? oge of 25 are resldenl in thè London Borough ol Newham. The Rellef 8ranch'3 objectlve18 lo provld8 financlal assistance for the relief of por8ons who èro r8sldent in th• London Borough of N8wham and who are sick, cOnvale￿nt, disabled, or Othe￿Se in poor mentsl or physlcal health, or who have recogni3ed l•aming difficu￿10$. The Trustees have p8ld due Tegard lo the Charty Commisslon's guidance on pvbllc bgn8frt, a8 requlred by Sects'on 4 01 the Charities Act 2006, when revlowlng the obj$ctg and slratagy of the Twst. In particul8r. the Trustees have ¢onsldered how p18nnad activlties will ¢ontribulelo th8 objective5 of th¢TnJst and IhAtthe grants being awarded by the Trust are for the public benefit. Newham People's Trust Fund Trustees, report for the year ended 31$t May 2023 Grant maklng polley The dec15ion to grant a request for asslstance frryn the Trust and Ihe amount agreed Is al the dlscr9tlon of tha Trustees. Residents ol Newhom may apply, or a thlrd pArty (for example a council offiG8r. teachef, social worker or ¢ommunity support worker) may apply on b8haff of the re5id•nt for a granL Charibes thlth are r¢gistered in the London Borough ol Newham may also apply on behalf of individuals. Theré has b88n no meetin9 of the Trustees in 2022-23, due to no applications being recoivèd by the Tru$l to conrjder. The maximum amount that the Trustees wlll consSder granting is normally ￿,0c￿. Th8 Trustees may doado to provide aS$l$lar￿ In several ways.. Making grants of monay., Providing or poykng for go)ds, serwces or facilitk?3', or Making grAnts of rnoney to olhor people or bodl8B wtho provlde ￿d$. servicès or facilities lo appI￿ants. Grants or bursaTie8 Can be given lo Indlvlduals or the Instltutbns 8tt8nded by indivlduals to facllit81e further leamlng 8$ approved by the Trustees. The Trust does not fund org8nisalion$ or projects, but applications from Indlvidva18 or Indlvlduals known to organisallons r•$ident In Nowham ore welcomed. The Trust does rK*l lund universlty fees. laptops and computers or provld8 asslstance with debt clearan￿. The Trust wll not provlde asslstance In paylng ront, gas. elgclrlc or 8ny olhgr blll arr&ars. Furlhem¢ye. Ihg TTUSt18 not a supplement lo benefit paymentg. houslng Bllowances, chlld benaffts etc. Flnanckql or other as81slan¢¢ can also be given lo assl818n gpplicant's entry Into a prolession or trade, OT to assl$l them lo tr8v81 abroad lo pursug their educallon. Provision for any educallonal SnstStullon In Newham of ny klnd not normally provlded for by tha local authorlty may under 8xir8ordinary or¢umslances b8 agreod behvoen th¢ Trustees and tha governor8 of thè sthool ConC•r￿d. bl Achl•v•meTrt8 and p•rformanc• The Trust r&caiv8d donalbons lotalling £36 during Ihe year12022'. £361. In addttlon Ihe Trust goneraled Inve8lm$nl income of £30,00012022.. £30,000). During 2022123 year the Trusl owarded no granls12021122'. £010s shown in nota 6 to tho finand81 st¥lom•nts. Flnancl81 rnvl•w Th¢ nat movement in funds for the ygar, as shown in th& statement of flnandal activ￿8$ on pago 8, amounted lo a surplus of £29,53812022.' surplus of £29,536). Thè value of the Tfusl's net asset8 •t 31 May 2023 wa$ £1,626,96412022.' £1,597,428). Inv•stm•nt pollcy and perfom)ance The Trustetrs hava sot a target rate of return of 2.5% per annurn on the Trust 8 Inveslments. whith arè rnanag8d by the London Borough of NevJh8m on behalf ol the Trust. Newham People's Trust Fund Trustees, report for the year ended 31st May 2023 Investment incom8 during the year arnount8d to £30,00012022'. £30,000). This equated to an annual av&rage return of 2.38% in the year12022: 2.38V.I. The Trustees wll continue lo monitor the performance of the TTUS1'5 investsnenls against the target rale of return. Pollcy statement on f•s•rv•s and Golng Conc•m The unrestrlcted fund5 available for oxpondlture amounted lo 8 su￿lus of £19,62912021122.' £20,093). Th fvnds al 31 May 2023 will be retained lo finance the Trust's chJritsble objects, lo meet ongoing operatlng ex￿n68￿ and are con&deTod lo b8 approprfat• and acceptsbla by the Trustees. The Trustees cons￿er Ihg roserve requlramenls of th8 restricted and endowmont funds 38parately. The Twsiees Inlernl lo retaln Investments of £1,257,637 in Per￿tubty. Investment income eamad ￿11 b8 allocated to th• Relief Pnnch 8ThJ Educatson Branch restricted funds a¥ appropriate and dlstrlbuled in accordan¢• ￿th the obj•clves of ththrye branches. £1.257,637 is the tsrget level of r•s&rv8s that the charfly currenuy wi8hes lo hold. Durlng the year. Investment income lotalllng £30,000 was all￿al￿d to the roslrlct¥d funds1£22,500 Educgllon Branch. £7,500 RelSef Bran¢hl for futurg distribution. Al 31 May 2023, the total fund8 r8talned tho reslrtctsd and endowm¢nl funds were £1,607.3351£1,257,637 endowment funds, £349,698 re8tri¢l8d lund8I. The trustees are aware of th8 requlmm8nt of the Charlty Cornmls8k*n8rs to r8vlew Ihelr pollcy on reserv•s 01 regular Inlwals. The Trusl h95 accumul8l•d funds and do•s not depend on fundral8ing gctivllie8. To malnlaln th8 Trusl•¥' P05rtion 88 a going concern the current intention 18 lo maintaln mlnlmum cash balances of £10,OW and minimum reservo balances of £1,267,637. As at May 2023 those balances were £3fj9,327 and £1,626,964 peclvely. Plan• lor futur• d•v•lopment• The Trustees plan to contlnuo lo provlde charit8ble support In gccordance ￿th Its obl8¢llv8s ond 8tral¥gy. Newham People's Trust Fund Trustees, report for the year ended 31st May 2023 Newham People's Trust Fund Trustees, report for the year ended 31st May 2023 ststemvnt of Trust••g' responslbilitie• The Tru51ees are re8P0115iblg for Preparfng the Trustee5' Report and IhÈ financial slalement8 in ac¢ordancp th applicable law and United Kin9dorn Accounting Standards Iuntted Kingdom Generally Accepted Accounting Praclic•l. Tha law applS¢abl8 to charilles In ENJland and Wales requires the Trustee8 to prepare flnancSal stalern8nts for each financial year whkh give a tnje and fair vlew of the stale of affaSrs of the Tnjst and of the incoming resources and application of ￿SOurceS ol tha Trust for that period. In prgparing these financial stslements, th Trustees ar¢ roquSred to: Sfjlact Suitab￿ acCoun￿ng pollclts gnd then apply thern con3IBl•nlly,' Observe tho m¥thod8 and prir￿P10S in the Ch8rthe8 SORP.. Makè ludg8ments arKI e8llmot88 that are raasonable and prudent., St818 vthether Jppllcablo accounlSng standard8 h8v• been followed. subject lo gny materlal doportureB dIsclo$￿ and explained In the financial $10tement8: and Pr•pare the fln8nclal stslements on tha golng Concern ba$18 unl48¥ f( is Inapproprfat8 lo prosurne that the Tru$t wlll contlnug In buslne85, The TfUSta•g Bre reSpon￿bIe for keeplng proper acmunting records that disclose wlth reasonabl8 accuracy al any tlrne tho flnancSal posillon of ihe Trust 8nd enable them lo ensure th81 the flnancl81 siatoments comply wth the Charities Acl 1993. as amended by th¢ Charities Act 2006, the Charlly (Accounts and Reports) RegulalSon$ 2008 and the provision8 ol th8 goveming d￿Ment. Th•y ar& a180 rtrsponsSble for safoguardlng th& assets ol the Trust and hence for laklng reasonabl¢ steps for the prevenllon and deleclitsn of fraud and other Irrogularille5. Inl•m•l controls and mttlg•tlon of major rlok• The Trusta•s have identified and reviewod the major rtsks of the Tru81 gnd have eslabllshed InlÈrnAI conlrc48 to mthgale thos0 risks. The TnJsl•as confirm Ihot the control$ Implemented aro approprt8te to the 8120 of the TNst and of the nature ol Sts operauons, On behalf of th• Tru•t••• Tru$t Mayor Rokhsana Fiaz OBE Mayor of Newham 12025 2¥ March 2025 Newham People's Trust Fund Independent Examiner's report to the Trustees of Newham People's Trust Fund Ind•p•nd•nt •xamlnor's r•port to tho tru•t••• of N•wh•m Peoplo'• Tru•t Fund {ch•rlty numts•r 2083501 I rqpurt 10 the my 0xamI￿￿A0t th• ol th• atov• cha￿ty Iyho Trusfi th• ￿•r •ndBd 31 May 2023. R•spon•lblllU•• Ind tr••h ¢1 fwrt AS IN8iees. you ¥r¢ rtspon8ibl¢ lorth• prqpirathJTh clth• ln ar£t¢d•n¢• *ith re9ulr•m•nls of Iho Ch8dlle¥ kt 2011 llh• Act'l I r•port in fospecial my oxaminalion 01 tho TTust'$ t￿1 und*¥ ￿lIon 145 of lh• 2011 Act and In e4rryinG oui my vxxmin8uon I have lolbwed ill of the applIC4b￿ Thrrfikinl glv•n ty lh• Ch•rtty comm￿10n undor Jaclk)n 144SXbl ol tho ACL lTrd•p•nd•rt •ximifi•fi tht•m•nl I h•v• u)mpl•l•¢J rny •x*mI￿110n. I confkni that no m•l•rl•l mtters ho￿ corn lo my •it•l¢knn In COnn•￿￿n tho •xwnkn•lkin whl¢h 9￿6• rm to bèllw• Ihjt ITh *ny Mote￿8$ r•sp•ct' th• act4unlJng records w•r• nol kapt in aco)rdanrAry teckn 1yJ 01 th• Cherltl•i Act, lh• acwunb dKI nol ac£ord with Ihe ￿Coun￿r4 réeoro8', thè ac¢ounb did not cOrn￿Y wth th• applicable ie4uwem•nls concemlng form and ¢onwnl ol llnADdal $Wl•mantB $81 oui In Ihe chad1￿$ IAKourt￿ and RèportBI Regul¥iion8 2008 Oihar than •Thy l•q￿￿T￿ent that tho thone￿I itslomonlJ Iv• i ¥Jue aThJ fa* vNryw a mthr ￿nI￿rth li of an Indwndeffl ex•mhMi*Jn. I ￿¥0 oJrn• no oth•r to**kh. h my OF4n*n. 8hould b• dr•wi h c￿¥10 •Tha￿• pmp•r uTrlernl*rAkng of Ih•llfjwnLW 8W8ThnlA to be I•￿h•d. P•tvWorth. CPFK IIAAT l**ay Cotiag•, Torv4r, Cumbvll L121 IBA 27 M•rch 2026 Newham People's Trust Fund Statement of Financial Activities for the year ended 31st May 2023 Siatemont of Ilnanclal actlvltl•s for th• yÈar end￿ 31 May 1023 Vhreslrtttwl Restrfjct FM•d6 Funds Ts)tsl Fuid8 2021122 2022QJ Donattons and Legaaes l)Iher Tra¢JnoALlwbe9 IT￿sI￿OnI and 0thg1 Incomg 36 10.000 Totsl thcorn8 and End()￿8￿￿ 30.036 JO.036 Raislno ￿￿1]5 Charrtatye athi118S Gov•mance Costs Tt*ab Expendmurg Ilet mOve￿tIn lunds 041 3￿000 29.536 29,SJ6 5I8nce al 1 June 2022 10,093 J19,098 1257,637 1.597A29 Jt31 W 2023 15 19,629 1597A28 All of the Tnjsfs acts'wtles are derived frorn conunulng operatlons. The Tru61 ha8 no recogni8ed 9alns and k)$8es oth•rth8n tho8• Shown abovo And ihoroftye no 8eparal¥ gtatsmonl of total r8cognl88d g8ln$ and1088e8 h88 b8en Pm￿ntsd. Ther& 1$ no dlffererKe b8fv4een tho Mt Inccfflè for the year statod above, and its hl$torlcal Cost aqufvalenl. Newham People's Trust Fund Balance Sheet at 31st May 2023 Balance Sh•8t as at 31 May 2023 N(ts$ 2022rI3 21r12 10 1.257.63T 1257.637 De￿Or9 C8sh ot bank and in hand 11 369.327 369.327 339.791 339.791 Creth'tors.. 8nK)unts falling due YKthin one year 12 M•1 curront as•&ts 269.327 339,791 Net u•MI• 1,626.964 1.597.428 Endowm8nl R8stricted Uniastricted 14 14 14 1251,637 349.69B 19,629 1.257.63T 319.6 20,093 Totsl fvnd• 1.597.428 The flnancl81 $1olement8 on p9988 8 to 16 were 8pproved by th8 Trusta•s on I gned on Ihelr beham by.. l and w8r• Trust•• Flayor Rokhsana Fiaz OBE Mayor of Newham March 2025 10 Newham People's Trust Fund Notes to the financial statements for the year ended 31st May 2023 Prln¢lpal accounting policiés The financi818tatem8nts have b88n prepared in accordance with the Stslement of Re￿mmended Practke.. Accounting and Reporting by Charities preparing their accounts in 8ccordan¢e wrth the Flnancial Reportlng Standard applicable in the UK and Republic of Ir$lond IFRS 1021 issued on 16 July 2014 and tho Flnanrjal Rtrportlng Standard 8pplicable in th¢ United Kingdorn and RepLbli¢ of Ireland IFRS 1021 and th¢ Charili$s Act 2011 and UK Generally Accepted Practic8 as It applies from 1 January 2015. A summary of the prfnap81 accounting policie8, whlch have been applled Consistently, Is sel out below. Basls of accounting Th•financlal s18tament5 are prepared on the going concem bas58 and In aCcor(la￿ ￿th th¢ hlstorfc cost convention a5 modified by the revaluauon of inveslmenls. Incom• Income Is credllgd to the Blatsmènt of flnanc6813¢llvltl8s on a r•cfjlvable basls and valued on dato of pledgelraceipl. Invastm8nl in¢om& is staled in¢lvsiva of recoverable tsxatlon. Where Inc¢mlrvJ resources have related expèndilur8 laswlh tundroising Incomo) the Incomlng resourceB and related exp￿dsture ar• rèported gr088 in th• financial slalemants. Donated 8ervlces and fa¢ilili¢s arè included in the statsrnenl of flnanclal 8¢llvltles In the y•ar In whlch they are r￿1vable, whwo they are quantsfiable, and wh¢r8 a thlrd p8rty Is b&arlng the ¢o$l. Income re￿1v•d Is dlsclos8d in not8 14 thlch wlll dotail whothar It Is re3lrict•d ond unr•8lrfctad. Expondltur• Llabllilles ars recognlsed as ￿$OUr¢08 expended wh&n Ihero18 818991 or ¢onstru¢fjve obllg8Uon comrnttung tho Trust lo the oxpendituro. Grant payments 8r& recognlsed In the flnanclal ststomenls when payrnents ar• mado on b•haW of tha Trust by the local authorSty and thes• payments c8n be identrfled and allocated lo granl reclpients. Exwndtturè br￿￿￿•d vhll be dlBdosod under th• c8t8gorl8s of., ¢ost$ of gener8Ung fund8, charttgble aoalv4tlo8 and gov8mgnc8 costs. Gov•mgnce COBIS Include costs a$sociai8d wSth meetin9 the conslilutbnal and 8t¥tutory requlrthn•nts of the Trust. Newham People's Trust Fund Notes to the financial statements for the year ended 31st May 2023 Prlnclpal •¢countSng policles Icontlnuedl InvMtm•nts Inve31m•nts are included In the finanth81818tèments al martet value at tho balance sh8•t dale. R8alised and unrealised 9ain8 gnd losses are ¢redbd or deb{t￿ to the stal8ment of financial a¢llvities in the yeoi in which thoy grts9. Fund accountlng The unrestricted fund comprfsès 9on8ral fund8 whith rnoy be Lwd towards metsung the charftable oblectlve8 of Ih Trust at the dlscrotlon of the Truslo•$. The restrfcted and expendablo ondowment hjnds ¢omprtse fijnds sublact to donci Imp088d COnd￿lOn3 whlch 8rn wlthln the charltabie obheth'ves of tht Trust, Taxatlon Th8 Trust is a Teg15t8reurc8J Expended At 1 31 May 2023 2022 Endowment funds Education 8r8neh Rpligf Branch Other endovrnnts 964.687 282.950 10.000 964.687 282.950 10,000 1,257,637 1257.637 RestrScknl fiJnd8 Education Branch Reliqf Branch 272.155 47,543 22.500 7,500 294.655 55.043 319,698 349.6 unrestr1￿￿￿ Fund• General Funds 20.093 36 500 19.629 1.597.428 JO,D36 1.626.964 Endowm•nt funds: EducatSon 8r•n¢h The Educ8tlDn Branch endowmant fund was eslabllshed from ftjnds transferred from other ¢h8dtles In accordan¢a wtth the S¢htrme of Chority Commission. Interest e8rned on the endowment fund IB ￿$trIcted lo provldlThJ financSal assistance lo promote Ihs èduc8tlon of p•r8on$ under th& age of 25 who aro fesldenl in th• London Borough of Ne¥tham. R¢ll•f Branch The Relief Br8n¢h endowment fur¥J was establl3hgd from funds 1[an￿erred from olh•r charille5 8¢¢ordance th8 Schgrne of Charlty Commi55ion. Int8r8st earned on the endowTnent fund Is restrfjcl*J to provlding flnanclal assistance for the rellef of persons who aro resldent In the London Borough of Newham. Oth•r ondgvmi•nts Intergst aamed on the other endowment fund Is AvoSlabl8 to fvnd tho actlvities of tha Trust. 15 Newham People's Trust Fund Notes to the financlal statements for the year ended 31st May 2023 Restrlctod fund$: Educatlon Brnnch The Educa￿en Bfanth reslrf¢led fund includgs the r8Strict8d income from the Educa￿0￿ Branch endowment furKi and may be used lo provide financial ossislance a3 notad above. R•liof Branch The Relief Branth rèstricted fund includes the restricted Inojme from the Rel1￿ Branch erKlo%•rneni furKI and may be usèd lo provide finandal osslstanc8 as not8d above. 15 An•ly81• ol n•t •88ats botw••n fund• Unr•stN¢t•d Funds R•strlctrd Funds Endovffli•nt Funds Total 2022111 Total 2021122 Fund tsalance5 al 31 May 2023 are represented by. Investrnenls Debtors Cash at bank and In hand CreaKJrs.' amDun15 lalllng due wtthin one year 1.257,6J7 1,257.637 1.257.637 19.629 349.698 369,327 339.791 1207 637 1820 964 1 597 42B 16 R•con¢lllatlon of mov•m•nt In fund• Totsl 2021122 Totsl 2022123 Open5ng funds Net Sncome lor the year 1.597.428 29.536 1,567,892 29.536 ¢I￿ng Funds 1,626.964 1,597,428 17 R•l•tsd p•rty tran¥actlon8 A number of Indlvlduals who 3eYv¢d as Trustees duriro the year were also ¢ounrAllor8 of the London B¢yough of Newham. The London Borough of Newh8m adminbsters Ihe Tru81 on behawof th8 Trust&es and manages the Trust'5 investm•nts. 16