2023-03-31-accounts - West Hackney Parochial Charity

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			Page
Report ofthe Trustees			1 to 5
Independent Examiner's		Report
Statement ofFinancial		Activities
Comparative Statement		ofFinancial Activities
Balance Sheet
Comparative Balance	Sheet		10
Notes to the Financial	Statements		11 to 19
Detailed Statement of	Financial Activities		20

						31.03.23	31.03.22
			Unrestricted	Designated	Endowment	Total	Total
			funds	funds	funds	funds	funds
		Notes
INCOME
Income from
Donations			28,500	46,500		75,000	75,000
Investment income			142,798			142,798	136,857
Total income			171,298	46,500		217,798	211,857
EXPENDITURE
Costs ofraising funds
Investment manager	fees		(13,047)			(13,047)	(11,930)
Charitable activities
Grants to institutions		4/5	126,015	43,000		169,015	189,313
Grants to individuals		4/5	11,009			11,009	11,606
Unrealised Losses/(Gains)
on investment assets					345,307	345,307	(135,463)
Total Expenditure/(Income)			123,977	43,000	345,307	512,284	(53,526)
Net Income/(Expenditure)			47,321	3,500	(345,307)	(294,486)	158,331
RECONCILIATION	OF FUNDS
Total funds brought forward			265,042	(25,000)	5,434,112	5,674,154	5,515,823
TOTAL FUNDS CARRIED
FORWARD			312,363	(21,500)	5,088,805	5,379,668	5,674,154

						31.03.22
			Unrestricted	Designated	Endowment	Total
			funds	funds	funds	funds
		Notes
INCOME
Income from
Donations			8,230	66,770		75,000
Investment income			136,857			136,857
Total income			145,087	66,770		211,857
EXPENDITURE
Costs ofraising funds
Investment manager	fees		(11,930)			(11,930)
Charitable activities
Grants to institutions		4/5	139,313	50,000		189,313
Grants to individuals		4/5	11,606			11,606
Unrealised (Gains)
on investment assets					(135,463)	(135,463)
Total Expenditure/(Income)			138,989	50,000	(135,463)	(53,526)
Net income			6,098	16,770	135,463	158,331
RECONCILIATION	OF FUNDS
Total funds brought forward			258,944	(41,770)	5,298,649	5,515,823
TOTAL FUNDS CARRIED
FORWARD			265,042	(25,000)	5,434,112	5,674,154

alance Sheet 31 March 2023
					31.03.23	31.03.22
	Unrestricted	Designated		Endowment	Total	Total
	funds		funds	funds	funds	Funds
	Notes
FIXEDASSETS
Investments				5,006,783	5,006,783	5,355,608
CURRENT ASSETS
Cash at bank	322,463			82,022	404,485	385,130
	322,463			82,022	404,485	385,130
CREDITORS
Amounts falling due within one
year	(10,100)	(21,500)			(31,600)	(66,584)
NET CURRENT ASSETS	312,363	(21,500)		82,022	372,885	318,546
TOTAL ASSETSLESS
CURRENT	312,363	(21,500)		5,088,805	5,379,668	5,674,154
LIABILITIES
CREDITORS
Amounts falling due in more
than one year
NET ASSETS	312,363	21,500		5,088,805	5,379,668	5,674, 154
FUNDS
Unrestricted funds	312,363				312,363	265,042
Designated funds		(21,500)			(21,500)	(25,000)
Endowment funds				5,088,805	5,088,805	5,434,112
TOTAL FUNDS	312,363	21,500		5,088,805	5,379,668	5,674,154
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om arative Balance Sheet 31 March 2022
					31.03.22
		Unrestricted	Designated	Endowment	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS
Investments				5,355,608	5,355,608
CURRENT ASSETS
Cash at bank		306,626		78,504	385,130
		306,626		78,504	385,130
CREDITORS
Amounts falling due within one
year		(41,584)	(25,000)		(66,584)
NET CURRENT ASSETS		265,042	(25,000)	78,504	318,546
TOTAL ASSETSLESS
CURRENT		265,042	(25,000)	5,434,112	5,674,154
LIABILITIES
CREDITORS
Amounts falling due in more
than one year
NET ASSETS		265,042	25,000	5,434,112	5,674,154
FUNDS
Unrestricted funds		265,042			265,042
Designated funds			(25,000)		(25,000)
Endowment funds				5,434,112	5,434,112
TOTAL FUNDS		265,042	25,000	5,434,112	5,674,154

							31.03.23	31.03.22
Dividends	received						136,692	136,667
Deposit account interest							6,106	190
							142,798	136,857
GRANTS	PAYABLE
							31.03.23	31.03.22
Committed	grants brought		forward				25,000	41,770
Grants awarded to institutions				and individuals	during	the year
less grant	commitments	no longer required					151,616	175,656
Committed	grants carried		forward				(21,500)	(25,000)
							155,116	192,426

			31.03.23	31.03.22
Hackney	Shed Inclusive Theatre Workshops	Due 08/12/23	6,500
Literacy Pirates		Due 08/12/23	15,000
North London Action for the Homeless				15,000
Immediate	Theatre			10,000
			21 500	25 000

										31.03.23	31.03.22
	Recipient				Purpose		ofGrant
Adult Support
Bags ofTaste			Mentored Home Cooking		Course					5,000	5,000
British Red Cross			Destitution Centre Food	Parcel project						5,000
British Refugee Council			London Destitution Service								5,000
EFA London			ESOLfor work' course	for Latin American				commumties		9,971
Hackney Foodbank			Foodbank Development	2021							10,000
Hackney Migrant	Centre		Advice Drop In Service								5,000
MRS Independent	Living		Side by Side							5,000	5,000
North London Action for the Homeless			Drop in Sessions for the	homeless							30,000
Refugee Women Association			Women Wellness Project								5,000
Skillspool Training		CIC	Enable IT								4,128
StJoseph's Hospice			Hackney Namaste Care	Service						5,000	5,000
Woman's Trust			Domestic Abuse Counselling			Service				10,873
										40,844	74,128
Children and Young		People
Cost ofLiving Grants for Schools			Cost ofLiving Grants							9,000
Drama Expressions		for Children	Confidence Code								5,000
Hackney Play bus			Bonding With Baby							5,500	5,000
Inspire			Inspired Directions								10,000
Literacy Pirates			Core funding, literacy, confidence				and perseverance		over 2 years	30,000
NWF Shacklewell	Primary School		Funding to support with	cost ofYear 6PGL school					residential.	3,600	5,181
NWF Shacklewell	Primary School		Sun Trap Forest Centre	Trip for Year 6							3,200
Reach Out			Petchey Academy Project								5,000
										48,100	33,381
Homelessness
Hackney Doorways			Winter Night Shelter							20,000	18,000
										20,000	18,000
Recreation
Duckie Ltd			The Posh Club - Dance	Club						2,500	5,000
Fiorenti Arts School			Access for All							5,000
Hackney Shed			Inclusive Theatre Workshops							17,900	5,000
Immediate Theatre			Pathways to Employment		- Strategic grant						20,000
Rodolfus Foundation			Rodolfus Choral Academy							2,000	2,000
St Paul's Church			The Cantignorus Chorus	Community			Choir				3,000
Through the Noise			Mindmusic								5,000
XLP (The Excel Project)			Commutnty Bus in West	Hackney						6,000
										33,400	40,000
Individual Grants
Grants paid to individuals			Grants to assist 22 Hackney residents. (2022 20 Hackney Residents)							9,272	10,147
										9,272	10,147
										151&616	175,656

							31.03.23	31.03.22
Accountancy		and book-keeping					1,800	1,800
Incidental	expenses						1,931	2,025
Independent		examination					1,200	1,200
Administration		—governance	(See	support costs	below)		7,461	6,674
Administration		—other (See	support costs below)				4,804	4,070
							17,196	15,769
							31.03.2023	31.03.2022
			Administration		Management	Accountancy	Total Support	Total	Support
				Costs	Costs	Costs	Cost	Cost
Grant Administration				8,188		3,024	11,212		9,494
Governance	Administration				7,461		7,461		6,674
Other Administration				3,509		1,295	4,804		4,070
Total Cost				11,697	7,461	4,319	23,477		20,238

					31.03.2023	31.03.2022
		Grants	Administration	Governance	Total	Total
Grants to Institutions		142,344	10,526	16,144	169,015	189,313
Grants to Individuals		9,272	686	1,052	11,009	11,606
Total Cost		151,616	11,212	17,196	180,024	200,919
Investment manager	fees				(13,047)	(11,930)
Total Expenditure					166,977	188,989

FIXEDASSET INVESTMENTS
	Listed
	investments
MARKET VALUE
At 1 April 2022	5,355,608
Disposals	(3,518)
Additions
Revaluations	~345,307)
At 31 March 2023	5,006,783
NET BOOKVALUE
At 31 March 2023	5,006,783
At 31 March 2022	5,355,608

CREDITORS:
			31.03.23	31.03.22
Other creditors			6,600	6,456
Grants Payable within	1 year		22,000	57,128
Accrued expenses			3,000	3,000
			31,600	66,584
			31.03.23	31.03.22
Grants Payable in more	than	1 year

			Net movement
		At 01.04.22	in funds	At 31.03.23
Unrestricted	funds
General fund		265,042	47,321	312,363
Designated	funds
Forward grant commitments		(25,000)	3,500	(21,500)
Endowment	funds
Endowment	fund	5,434,112	(345,307)	5,088,805
TOTAL FUNDS		5,674, 154	~294,486	5,379,668

		Income	Expenditure	Gains and	Movement in
				losses	funds
Unrestricted	funds
General fund		171,298	(123,977)		47,321
Designated	funds
Forward grant commitments		46,500	(43,000)		3,500
Endowment	funds
Endowment	fund			(345,307)	(345,307)
TOTAL FUNDS		217,798	~166,977)	~345,307)	~294,486)
ANALYSIS	OF NET ASSETSBETWEEN FUNDS 2023
			Fixed	Net	Total
			Assets	Assets
Unrestricted	funds
General fund				312,363	312,363
Designated	funds
Forward grant commitments				(21,500)	(21,500)
Endowment	funds
Endowment	fund		5,006,783	82,022	5,088,805
TOTAL FUNDS			5,006,783	372,885	5,379,668

ANALYSIS	OF NET ASSETSBETWEEN FU	NDS 2022
		Fixed	Net	Total
		Assets	Assets
Unrestricted	funds
General 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		5,355,608	318,546	5,674, 154

for the Year Ended 3	1Ma	rch 2023
			2023	2022
INCOME
Donations
Donation from Hackney Joint
Estate Charity			75,000	75,000
Investment income
Dividends received			136,692	136,667
Deposit account interest			6,106	190
			142,798	136,857
Total income			217,798	211,857
EXPENDITURE
Costs ofraising funds
Investment manager	fees		(13,047)	(11,930)
Charitable activities
Grant administration			11,212	9,494
Grants to institutions			142,344	165,509
Grants to individuals			9,272	10,147
			162,828	185,150
Governance costs
Accountancy and book-keeping			1,800	1,800
Incidental expenses			1,931	2,025
Independent examination			1,200	1,200
Administration —governance			7,461	6,674
Administration - other			4,804	4,070
			17,196	15,769
Unrealised losses/(gains)		on investments	345,307	(135,463)
Total expenditure			512,284	53,526
Net (Expenditure)/Income			~294,486)	158,331