| Page | |||||||
|---|---|---|---|---|---|---|---|
| Section | 1 | Legal and | Administrative | Details | |||
| Section 2 | Trustees' | Annual Report |
|||||
| Section | 3 | Statement | ofTrustees' | Responsibilities | |||
| Section 4 | Financial | Statements | 10 | ||||
| Section | 5 | Independent Auditor's |
Report | 18 | |||
| Appendix | 1 | Distribution | ofGrants | by | Trustees 2021-2022 | 21 |
| lowing were in place during th |
e period to t | he signing ofthe accounts: |
|---|---|---|
| London Borough of Barnet | Councillor | Alex Prager (to 5 May 2022) |
| Councillor | Edith David (from 5 May 2022) | |
| London Borough of Brent | Councillor | Mary Daly (to 5 May 2022) |
| Councillor | Ihtesham Azal (from 5 May 2022) |
|
| London Borough ofCamden | Councillor | Heather Johnson, Chair |
| London Borough of Harrow | Councillor | Nitin Parekh (to 5 May 2022) |
| Councillor | Pritesh Patel (from 5 May 2022) | |
| City ofWestminster | Councillor | Angela Harvey( to 5 May 2022) |
| Councillor | Concia Albert (from 5 May 2022) |
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i8ook';Value, at ., '.,'3'ij03,-22: ".i |
||||
|---|---|---|---|---|---|---|---|---|---|---|
| Blackrock | Charities | Growth | & Income Fund | 9,782,184 | 1,106,648 | 553,244 | 11,442,076 | 10,960,760 | ||
| Property | Unit Trust | 549,279 | -563,193 | 13,914 | 0 | 0 | ||||
| Cash Instruments/Pending | 432,218 | -432,215 | 0 | 0 | ||||||
| 10,763,681 | 1,106,648 | -995,410 | 13,914 | 553,244 | 11,442,076 | 10,960,760 |
| ' | ' | ||||||||||||||||||||||
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| Income and Endowments | Income and Endowments | from: | ||||
|---|---|---|---|---|---|---|
| Investments - Dividends |
293,753 | 293,753 | 394,810 | |||
| Interest | 14 | 14 | 31 | |||
| Donations - Investment Fee |
rebate | 96,533 | 96,533 | 46,949 | ||
| Total Income | 293,767 | 96,533 | 390,300 | 441,790 | ||
| Charitable activities |
—grants | -276,961 | -276,961 | -376,626 | ||
| - support | costs | -16,806 | -16,806 | -35,752 | ||
| Total Expenditure | -293,767 | -293,767 | -412,378 | |||
| Net operating income |
96,533 | 96,533 | 29,412 | |||
| Gains/(Losses) on |
investments | 567,157 | 567,157 | 1,142,683 | ||
| Net movement in |
funds | 663,690 | 663,690 | 1,172,095 | ||
| 10,778,386 | 10,778,386 | 9,606,291 | ||||
| Total Funds at 31 | March | 11,442,076 | 11,442,076 | 10,778,386 |
| Fixed Assets | |||
|---|---|---|---|
| Investments | 11,442,076 | 10,763,681 | |
| Current Assets | |||
| Debtor - Cash | with LB Harrow | 74,442 | 132,209 |
| Sundry Debtors |
81,947 | 75,474 | |
| 156,389 | 207,683 | ||
| Liabilities | |||
| Amounts falling due within one year |
-156,389 | -192,977 | |
| Net Current Assets | 14,706 | ||
| Net Assets | 11,442,076 | 10,778,386 | |
| Endowment | Fund | 11,442,076 | 10,778,386 |
| Dividends | 293,753 | 394,810 | ||
|---|---|---|---|---|
| Interest (LB Harrow) | 14 | 31 | ||
| 293,767 | 394,841 | |||
| Donation - Investment Fee Rebate |
96,533 | 46,949 | ||
| Total Income | 293,767 | 96,533 | 394,841 | 46,949 |
| 3.Charitable activities |
||||
| Distributions to Authorities |
||||
| London Borough of Barnet | 31.012 | 85,891 | 116,799 | |
| London Borough of Brent | 27.680 | 76,663 | 104,250 | |
| London Borough ofCamden | 10.714 | 29,674 | 40,352 | |
| London Borough of Harrow | 5.594 | 15,493 | 21,068 | |
| City ofWestminster | 25.000 | 69,240 | 94,157 | |
| 100.000 | 276,961 | 376,626 | ||
| Support Costs (Note 4) | 16,806 | 18,214 | ||
| Total Charitable Expenditure |
293,767 | 394,841 |
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|---|---|---|---|---|---|---|---|
| Administration costs (LB |
Harrow) | 5,875 | 7,896 | ||||
| Trustees' Insurance |
700 | 700 | |||||
| Professional Fees - Investment |
Advisor | 4,320 | 4,320 | ||||
| Stock Exchange Register | 91 | 78 | |||||
| Annual Audit Fee |
5,400 | 4,980 | |||||
| Increase to Prior Year Audit fee | 420 | 240 | |||||
| 16,806 | 0 | 18„214 | 0 | ||||
| Investment Management |
Fees | 0 | 17,538 | ||||
| 16,806 | 0 | 18,214 | 17,538 |
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| Blackrock | Charities | Growth | & Income Fund | 9,854,112 | 9,782,184 | 10,960,760 | 11,442,076 | n/a | n/a | ||||||
| UK Fixed | Interest | 0 | 0 | 0 | 0 | n/a | n/a | ||||||||
| UK Equities | 0 | 0 | 0 | 0 | n/a | n/a | |||||||||
| Overseas | Equities | 0 | 0 | 0 | 0 | n/a | n/a | ||||||||
| Property | Unit Trusts | 443,086 | 549,279 | 0 | 0 | n/a | n/a | ||||||||
| Cash Instruments | and pending | 432,218 | 432,218 | 0 | 0 | n/a | n/a | ||||||||
| 10,729,416 | 10,763,681 | 10,960,760 | 11,442,076 | 2.2 | 6.3 |
| Investments | Cash | Total | ||
|---|---|---|---|---|
| f | ||||
| Market Value | ||||
| At 1 April 2021 | 10,331,463 | 432,218 | 10,763,681 | |
| Additions | 1,106,649 | 1,106,649 | ||
| l3isposals | (549,279) | (432,218) | (98'I,497) | |
| Revaluation | gain | 553,243 | 553,243 | |
| At 31 March | 2022 | 11,442 076 | 0 | 1'I,442,076 |
| Investment | ains | losses | ||
| Realised | 13,914 | |||
| Unrealised | 553,243 | |||
| 567,157 |
| Blackrock Management | Fee Rebate | 14,706 | |
|---|---|---|---|
| Inland Revenue (Tax Refunds) | 2,327 | 2,327 | |
| Blackrock Invest Income | 79,620 | 58,441 | |
| 81,947 | 23332 |
| London | Borough of Barnet | -41,090 | -34,184 |
|---|---|---|---|
| London | Borough of Brent | -36,675 | -30,511 |
| London | Borough of Camden | -14,196 | -76,612 |
| London | Borough of Harrow | -3,515 | -6,166 |
| City of | Westminster | -33,124 | -27,557 |
| Audit Fee 20/21 8 21/22 | -5,400 | -9,960 | |
| London | Borough of Harrow administration | -13,771 | -7,896 |
| Sundry | Creditors | -8,620 | -91 |
| -156,390 | -192,977 |
| Restricted | Funds | 293,767 | -293,767 | 0 | ||
|---|---|---|---|---|---|---|
| Endowment | Funds | 10,778,386 | 96,533 | 0 | 567,157 | 11,442,076 |
| Total | 10,778,386 | 390,300 | -293,767 | 567,157 | 11,442,076 |
| Restricted | Funds | 156,389 | -156,389 | ||
|---|---|---|---|---|---|
| Endowment | Funds | 11,442,076 | 0 | 11,442,076 | |
| Total | 11,442,076 | 156,389 | -156,389 | 11,442,076 |
| ~Paddin ton Development |
Trust | F1,000.00 | ~Two rogramme starting from September 2021 |
~Two rogramme starting from September 2021 |
||
|---|---|---|---|---|---|---|
| The Mosaic Community | Trust UK | F1,000.00 | Reducing social isolation and loneliness Asian communities |
in BAME | South | |
| Attend Iris theatre StJohns Church, Kensal |
Green | E2,000.00 F4,000.00 F2,000.00 |
New project befriending 4 radio microphones, digital mixin desk and amp New bench & play castle for the com~munnit |
|||
| The Avenues~outh~roject | 54,000.00 | Staffing cost for our summer~ro~ramme | ||||
| Westbourne Park Family """"r'v |
Centre | 52,500.00 53000.00 |
General rent and rona~in cost Urg~ent re airs for the race tion area Bruce House |
|||
| Blind Aid | ||||||
| St John and St Elizabeth John's Hospice) |
Charity (St | F3,456.00 | Syringe drivers | |||
| St. Mungo's Community Association |
Housing | E1,000.00 | Westminster Outreach Support worker |
|||
| London Institute for mathematical sciences |
E2,000.00 | Seminar room equipment | ||||
| The Fitzrovia Commu~nit |
Centre Ltd | 55000.00 | Staff Sala cost 2021 nj |
|||
| Univer~sit Of Westminster |
F2,000.00 | Running cost 1/8/21-31/7/22 | ||||
| Farms for ~Cit Children |
F3,000.00 | Running cost for Ci~t Children 2021 |
||||
| Kongolese Centre for Information Advice |
and | F1,250.00 | Funding for of26weeks, meeting every hours. |
Saturday for 3 | ||
| A~e UK Westminster | E2,000.00 | Running cost month in activities December 2021 |
||||
| Paddington Arts |
F2,000.00 | assist with replacing the lightin~sstem |
in the main | hall | ||
| St.Vincent's Family Project |
F4,000.00 | To assist with 3 part-time staff to run "family space" project |
||||
| F48,706.00 |
| Organisation | Organisation | Award | Purpose | Date | ||||
|---|---|---|---|---|---|---|---|---|
| Creation of Barnet Social Action Hub, offering | ||||||||
| accredited, certificated and quality |
assured training |
in | ||||||
| STONEG ROVE | 4,500.00 | social action to residents and organizations. |
06/04/2021 | |||||
| Support for newly arrived Farsi-speaking families |
to | |||||||
| help them integrate and a lunch club for isolated |
||||||||
| COMMUNITY | NETWORK | 1,875.00 | older people from that community. | 27/04/2021 | ||||
| A project offering supported work |
experience and an |
|||||||
| LEARNING THROUGH | after-school club for young people |
from Barnet who | ||||||
| HORSES | 2,500.00 | have completed a therapy or education course, |
22/04/2021 | |||||
| Construction ofwar memorial. |
||||||||
| BARNET WAR | MEMORIAL | 5,000.00 | 03/06/2021 | |||||
| Refurbishment of premises for use |
for community | |||||||
| LIVING WAY MINISTRIES | 5,000.00 | tailoring business/training. |
12/07/2021 | |||||
| BARFIELD ALLOTMENT | 1,500.00 | Construction ofchicken coop with |
hen house | 14/09/2021 | ||||
| RNID | 2,375.00 | Support groups for people who suffer from tinnitus | 26/10/2021 | |||||
| HENDON | SEA | TRAINING | ||||||
| CORPS | 5,000.00 | Replacement offlooring in clubhouse |
25/11/2021 | |||||
| FRIENDS | OF CHILDS HILL | |||||||
| PARK | 2,960.00 | Planting ofJapanese Sakura cherry | trees | 25/11/2021 | ||||
| RNID | 2,375.00 | Support groups for people who suffer from tinnitus. | 20/01/2022 | |||||
| On-line e-classes for hard-to-reach | older people | from | ||||||
| black, minority ethnic and refugee |
communities | with | ||||||
| WIDE | 2,500.00 | a language barrier. |
21/02/2022 | |||||
| E35,585.00 |
| Organisation | Amount Paid |
|||
|---|---|---|---|---|
| Jason Robert Foundation | 5,000.00 | |||
| BRENT PRIVATE TENANTS' | RIGHTS GROUP LIMITED | |||
| T/A Advise 4 Renters b |
4,542.27 | |||
| Friends of Barham Libra |
651.58 | |||
| Kilburn State of Mind b |
2,646.40 | |||
| Sufra - Nw London b |
4,782.46 | |||
| Unique Community Charity |
(803646): | 5,000.00 | ||
| Vendor Name Friends of Barham | Library | 817.36 | ||
| Kilburn State of Mind (808820):P | 2,353.60 | |||
| Sunahs Crisis Team C.I.C | 4,898.65 | |||
| Friends of Barham Library |
( | 1,071.65 | ||
| Springboard Youth Academy |
CIO | 2,960.96 | ||
| English For Action (815290): | 5,000.00 | |||
| STJOHN PAROCHIAL CHURCH |
COUNCIL OF THE | 5,000.00 | ||
| ECCLESTICAL | ||||
| Vendor Name Friends of Barham | Library (727165): | 912.50 | ||
| Vendor Name Community | Action on Dementia Brent |
4,850.00 | ||
| Tamil Association of Brent |
3,389.00 | |||
| Ashford Place | 4,991.00 | |||
| Iraqi Welfare Association | 5,000.00 | |||
| Total | 63,867.43 |