2022-03-31-accounts - West Hackney Parochial Charity

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Report ofthe Trustees	1to 5
Mependent Examiner's Report
Statement ofFinancial Activities
Comparative Statement ofFmancial Activities
Balance Sheet
Con; arative Balance Sheet	10
Notes to the Financial Statements	11to 'l9
Detailed Statement ofFinancial Activities	20

						31,0322	31.03,21
			Vnrestricted	Designated	Endowment	Totai	Total
			funds	funds	funds	funds	funds
		Nates
INCOME
Income from
Donations			8,230	66,770		75,000	65,000
Investment income			1368S7			136857	152208
Total income			145,087	66,770		211,857	217,208
EXPENDITURE
Costs of raising funds
Investment manager	fees		(11,930)			{11,930)	(10,652)
Charitable activities
Grants to institutions
		4/5	139,313	50,000		189,313	127,120
Grants to individuals		4/5	11,606			11,606	13,960
Unrealised (Gains)
an investmcot assets					(135,463)	(135,463)	(905,028)
Total Expenditure/(Income)			138,989	50,000	(135,463)	53,526	(774,600)
Net income			6,098	16„7/0	135,463	158@31	991„808
RECONCILIATION	OFFUNDS
Total funds brought	forvvard		258,944	(41,?70)	5,298,649	5,515,823	4,524,015
TOTAL FVNDS CARRIED
FORWARD			265 042	25,000	5,434 112	5674 154	5 515,823

						31.03.21
			Unrestricted	Dengnsted	Endowment	Total
			funds	funds	funds	funds
		Notes
INCOME
Income from
Donations			3,230	61,770		65,000
Investment income			152,208			152,208
Total income			155,438	61,770		217,208
EXPENDITURE
Costs ofraising funds
Investment manager	fees		(10,652)			(1,0,652)
Charitable activities
Grants to institutions
		4/5	67,120	60,000		127,120
Grants to individuals		4/S	13,960			13,960
Unreal ised {Gains)
on investment assets					(905,028)	{905,028)
Total Expenditure/(Income)			70,428	60,000	{905,028)	(774,600)
Net income / {expenditure)			85,010	1,770	905,028	991,808
RKCONCILIATION	OFFUNDS
Total funds brought	forward		173,934	(43,540)	4,393,621	4,524,015
TOTAL FUNDS CARRIED
FORWARD			258 944	{41,770	5 298,649	5,S15,823

Balance Sheet At 31March 2022
							31.03.2).	31.03.21
			Unrestricted	Designated		Endowment	Total	Total
			funds	funds		funds	funds	Funds
		Notes
FIXEDASSETS
Investments						5,355,608	5,355,608	5,220,269
CURRENT ASSETS
Cash at bank			306,626			78,504	385,130	346,864
			306,626			78,504	385,130	346,864
CREDITORS
Amounts falling due	within one
year			(41,584)	(25,000)			(66,584)	(51,310)
NKT CURRENT ASSETS			26S,042	(25,000)		78,504	318,546	295,554
TOTAL ASSETSLESS
CURRENT			265,042	(25,000)		5,434,112	S,674,154	5,515,823
LIABILITIES
CREDITORS
Amounts falling due	in more
than one year
			265 042	25 000		5,434,112	S674,154	5 515823
FUNDS
Unrestricted funds			265,042				265,042	258,944
Designated funds				(25,000)			(25,000)	(41,770)
Endowment funds						5„434112	5434,112	5 298 649
TOTAL FUNDS			265,042	25,000		5,434,112	5 674 154	5,515„823
The financial statements behalf by:	were approved	by the	Board ofTrustees	on,.....	l..+....~~.-..~L		.......and were	signed on its

					31,03,21
		Unrestricted	Designated	Endowment	Total
		funds	funds	funds	funds
	Notes		f,
FIXEDASSETS
Investments				5,220,269	5,220,269
CURRENT ASSETS
Cash at bank		268,484		78,380	346,864
		268,484		78,380	346,864
CREDITORS
Amounts faBing due within one
year		{9,540)	(41770)		{51,310)
NET CURRENT ASSETS		258,944	(41,770)	7S,380	295,554
TOTAL ASSETSLESS
CURRENT		258,944	(41,770)	5/98,649	5,515,823
LIABILITIES
CREDITORS
Amounts fling due in more
than one year
NET ASSETS		258,944	41,770	5298,649	5,515,823
FUNDS
Unrestricted funds		258,944			258,944
Designated funds			(41,770)		(41,770)
Endowment funds				5298,649	5298,649
TOTAL FUNDS		25S,944	41 770	5298 649	5515,823

The grants	carried forward off25,000 are tranche gr	ants that will be paid over t	he next year,
			31.03.22	31.03.21
Skyway				3,250
Hackney	Shed Inclusive Theatre Workshops			8,520
Literacy Pirates				15,000
East End	Citizens Advice Bureau			15,000
North London Action for the Homeless		Due 03/12/22	15,000
Immediate	Theatre	Due 03/12/22	10,000
				~41 77

									31.03.22	31.03.21
	Recipient			Purpose		ofGrant
Adult Support
Bags ofTaste			Budget cooldng course - cooking lessons to try the dishes learned at home				thatprovide	the ingredients	5,000	5 132
British Refugee Council			London Destitution Service						5,000	4,0M
City and Hackney	Carers Centre		Carers Emotional Support Service							4,424
East End Citizens	Advice Bureau		Weiatre Benetlts and Debt		Caseworker		Stmtcgic project over 2 years			30„000
Hackney Foodbank			Poodbank Development	2021					10,000
Hackney hdigrsnt	Centre		Advice Drop IsService						5,000	5,000'
MRS independent	Living		Side by Side						5,000
North London Action ibr the Homeless			Drop in Sessions for the homeless						30,000
Refugee Women Association			Women Wellness Project						5,000
Skillspool Training		CIC	Enable IT						4,12S
Skyway			Coronavirus Emergency	Rehef						1,000
StJoseph's Hospice			Hackney Namaste Care	Service					5,000	5,000
									74,12S	54,556
Children and Young People
Drama Expressions		for Children	Couftdencc Code						5,000
Hackney Play bus			Bonding With Baby						5,000
Inspire			Inspired Directions						10,000
Literacy Pirates			Core funding, literacy, confidence			and perseverance		over 2years		30,0M
NWF Shacldewell		Primary School	Puuding to support with	costofYear 6PGLschool residential.					5,181
NWF Sltacldewell		Primary Schon!	Sun Trap Forest Centre	Trip for Year 6					3,200
Reach Out			Petchey Academy Project						5,0M
									33,3S1	30,000
Homeless ness
Hackney Doorways			Winter Night. Shelter						16,000	16,000
									18,000	16,000
Recreation
Duckie Ltd			The Posh Club - Dance	Club					5,000
Duckie Ltd			Posh Club TV
Hackney Shed			Hackney Shed Fest						5,000
lnunediate Tlieatre			Pathways toEmployment-		Strategic grant				20,000
Rodolfus Foundation			Rodolfus Choral Acadetny						2,000
StPaul's Church			The Cantignorus Chorus	Comrnsdty Choir					3,000
Through the Noise			Mindmusic						5,{}00
									40,000	5,000
Individual Grants
Grants paid to individuals			Grants to assist 20 Hackney residents. (202131 Hackney Residents)						10,147	12,989
Grants paid to individuals			Grsots issued in prior year		not taken up					(1,39S)
									10,147	11,591
									175,656	117,141

					31.03.22	31,03.21
Accountancy	and book-keeping				1,800	1,800
Incidental expenses					2,025	993
Independent	examination				11200	1,200
Administration		—governance (See support	costs below)		6,674	6,161
Administration-		other (See support costs	below)		~4070	4,134
						~l4 288
					310320&&	31,03.2021
		Adininistration	Nsnagetaent	Accountancy	Total Support	Total Support
		Costs	Costs	Costs	Cast	Cast
Grsrit Adrcfriistratiori		.',417		2,077
Governance Adctirristration			6,674		6,074
Othe Adaiinistradan		3,180			L.070
		10,59			20 ~38

				3103 2022	31.03,20'1
	Grants	Administration	Gavernsnce	Total	Total
Grants ta Institeions	165,509	8,9'6	14,858	189,313	U7 120
Grants to Individuals	10.,W7	548	911	11,606	1396D
Total Cast			15,.7N	200,919	141,080
hD estment manager fees				(11,930)	(10,052)
TotalEpenditure				'18S.989	130,428

AXKD ASSETINVESTMENTS
	Listed
	investments
MARKET VALUE
At 1April 2021	5,220,269
Dlsposais	{124)
Additions
Revaluations	l3S463
At 31March 2022	5,355,608
NKT ROOK VALUE
At31March 2022	5,355608
At 31March 2021	5,220269

		31.03.22	31,03.21
Other creditors		6,456	5/27
Grants Payable within	1year	57,128	43,083
Accrued expenses		~3000	~3000
		66P84	51,310
		31.03.22	31.03.21
Grants Payable in more	than I year

			Net movement
		At 01.04.21	in funds	At 31.03.22
			f.
Unrestricted	lunds
General fund		258,944	6,098	265,042
Designated	funds
Forward grant conunitments		(41,770)	16,770	(25,000)
Endowment	funds
Endowment	fund	5,298,649	135,463	5,434,112
TOTAL FUNDS		5515823	158331	5674,1S4

		Income	Expenditure	Gains and	Movement in
				losses	funds
Unrestricted	funds
General fund		145,087	(138,989)
Designated	funds
Forward grant cotnmitments		66,770	(50,000)		16,770
Endowment	funds
Endowment	fund			135,463	135,463
TOTAL FUNDS		211,857	~188383'I	135463	158331
ANALYSIS	OF NET ASSETS BETWEEN FUNDS 2022
			Fixed	Net	Total
			Assets	Assets
			f,
Unrestricted	funds
GeneraI fund				265,042	265,042
Designated	funds
Forward grant commitments				(25,000)	(25,000)
Endowment	funds
Endowment	fund		5,355,608	78,504	5,434,112
TOTAL FUNDS			5,355668	318.546	S 674.154

Bonations
Donation from Hackney Joint
Estate Charity	75,000		65,000
Investment income
Dividends received	136,667		151,951
Deposit account interest	190		257
	~336 857		152208
Total income	211,857		2I7,208
Costs of raising funds
Investment manager fees	{11,930)		(10,652}
Charitable activities
Grant administration	9,494		9,645
Grants to institutions	165,509		1'05,556
Grants to individuals	10,147		11,591
	185,150		126,792
Governance costs
Accountancy and book-keeping	1,800		1,800
Incidental expenses	2,025		993
Independent examination	1,200		1,200
Administration -governance	6,674		6,161
A.dministration -other	~4070		4 U4
	15,769	'	14288
Unreaiised (gains) on investments	(135,463)		(905,028)
Total expenditure	53,526		(774,6QO)
Net income	158,331		991,808