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|---|---|---|---|---|---|---|
|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||17|
|Appendix|1|Distribution|of Grants|by|Trustees 2022-2023|20|
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|London Borough of Ha
Trustee Investment
Act|London Borough of Ha
Trustee Investment
Act|rrow administers
the Charity.
Its powers of
1961.|investment|are limited|
|---|---|---|---|---|
|Principal address||The Honorary
Secretary,
Edward
Harvist|Charity,||
|||L.B.of Harrow, P.O. Box21, Harrow,
Middlesex,||HA1 2XY|
|Honorary|Secretary|Vishal Seegoolam|||
|||Democratic,
Electoral and Registration
Services Manager|||
|||(London Borough of Harrow)|||
|Honorary|Treasurer|Sharon Daniels|||
|||Director of Finance (London Borough of|Harrow)||
|Registered|Custodian|Bank of New York Mellon (International)|Limited,||
|||One Canada Square, London, E14 5AL|||
|Investment|Managers|BlackRock Investment
Management
(UK) Limited,|||
|||12Throgmorton
Avenue,
London, EC2N|2DL||
|Auditors||Alliotts LLP Chartered
Accountants
and|Business|Advisors,|
|||Manfield
House,
1 Southampton
Street,|London,||
|||WC2R OLR|||
|Bankers||National
Westminster
Bank Plc, Harrow|Town Centre Branch,||
|||315Station Road, Harrow,
Middlesex
HA1 2XZ.|||
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||||||||II|4||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||C||||||
|Blackrock|Charities|Growth|&|Income|Fund|11,442,076|||-1,072,119|10,369,957|10,960,760|
|||||||11,442,076|||-1,072,119|10,369,957|10,960,760|
|llocations
at th|e end ofeach|quarter
in t|he ye|ar to 31 M|arch|2023.||||
|---|---|---|---|---|---|---|---|---|---|
|Asset Class|Strategic|Allocation|at 30|Allocation|at 30|Allocation|at 31|Allocation|at 31|
||Benchmark|June 2022||Sept 2022||Dec 2022||March 2023||
||Allocation|||||||||
|UK Equities|30|27.1||24.4||25.3||27.6||
|Global equities|30|30.7||28.4||30.4||28.2||
|(ex UK)||||||||||
|Fixed Income|20|12.8||13.7||16.6||3.9||
|Property|10|5.7||5.1||7.9||3.2||
|Alternatives|10|18.8||21.8||19.7||23.9||
|Cash and||4.9||6.6||0.1||13.2||
|Derivative||||||||||
|cover||||||||||
|Total|100|100||100||100||100||
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|Income and Endowments|Income and Endowments|from:|||||
|---|---|---|---|---|---|---|
|Investments
- Dividends|||333,410||333,410|293,753|
|- Interest|||709||709|14|
|Donations - Investment|Fee|rebate|10,786||10,786|96,533|
|Total Income|||344,905||344,905|390,300|
|Charitable
activities|||-320,368||-320,368|-276,961|
|Governance
Costs|||-24,537||-24,537|-16,806|
|Total Expenditure|||-344,905||-344,905|-293,767|
|Net operating
income||||||96,533|
|Gains/(Losses)
on investments||||-1,072,119|-1,072,119|567,157|
|Net movement
in funds||||-1,072,119|-1,072,119|663,690|
|Total Funds at 1 April||||11,442,076|11,442,076|10,778,386|
|Total Funds at 31 March|||0|10,369,957|10,369,957|11,442,076|
|||!i**j**l'),(, (»|||
|---|---|---|---|---|
|Fixed Assets|||||
|Investments|||10,369,957|11,442,076|
|Current Assets|||||
|Debtor - Cash|with LB Harrow||20,997|74,442|
|Sundry Debtors|||84,597|81,947|
||||105,594|156,389|
|Liabilities|||||
|Amounts
falling due within one year|||-105,594|-156,389|
|Net Current Assets|||||
|Net Assets|||10,369,957|11,442,076|
|Endowment|Fund||10,369,957|11,442,076|
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|Dividends||333,410||293,753||
|---|---|---|---|---|---|
|Interest (LB Harrow)||709||14||
|Blackrock fee rebate|21-22|10,786||0||
|||344,905||293,767||
|Donation - Investment|Fee|||||
|Rebate|||0||96,533|
|Total Income||344,905|0|293,767|96,533|
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|||,|,e',|||
|---|---|---|---|---|---|
|Distributions
to|Authorities|||||
|London Borough|ofBarnet||31.012|99,353|85,891|
|London Borough|ofBrent||27.680|88,678|76,663|
|London Borough|of Camden||10.714|34,324|29,674|
|London Borough|of Harrow||5.594|17,921|15,493|
|City ofWestminster|||25.000|80,092|69,240|
||||100.000|320,368|276,961|
|Support Costs (Note 4)||||24,537|16,806|
|Total Charitable|Expenditure|||344,905|293,767|
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|||||||||'2||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||jijjPIli.|||||||||
|||||||44||||,44||
|Administration||costs (LB||Harrow)|||6,668||||5,875|
|Trustees'
Insurance|||||||700||||700|
|Professional||Fees|- Investment||Advisor||4,320||||4,320|
|Stock Exchange Register|||||||52||||91|
|Annual
Audit||Fee|||||7,000||||5,400|
|Increase to|Prior Year Audit fee||||||1,200||||420|
|Income Tax||rebate|written|back|||4,597||||0|
||||||||24,537||0||16,806|
|Investment|Management|||Fees|||||0|||
||||||||24,537||0||16,806|
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|P~'|P|7||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|'P||||||||||||||
|Blackrock|||Charities|Growth|8|Income|Fund|10,960,760|11,442,076|10,960,760|10,369,957|-5.39|-9.37|
|||||||||10,960,760|11,442,076|10,960,760|10,369,967|-6.39|-9.37|
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|Inland Revenue (Tax Refunds)||2,327|
|---|---|---|
|Blackrock Invest Income|84,597|79,620|
||84,597|81,947|
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|||'J'|
|---|---|---|
|||P|
|||P|
|London Borough of Barnet|-22,190|-41,090|
|London Borough of Brent|-19,806|-36,675|
|London Borough ofCamden|-7,666|-14,196|
|London Borough of Harrow|-4,003|-3,515|
|City ofWestminster|-17,889|-33,124|
|Audit Fee 21/22 and 22/23|-13,600|-5,400|
|London Borough of Harrow administration|-20,362|-13,771|
|Sundry Creditors|-78|-8,620|
||-105,594|-156,390|
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|Restricted|Funds||344,905|-344,905|||
|---|---|---|---|---|---|---|
|Endowment|Funds|11,442,076|0||-1,072,119|10,369,957|
|Total||11,442,076|344,905|-344,905|-1,072,119|10,369,957|
|Restricted|Funds||105,594|-105,594||
|---|---|---|---|---|---|
|Endowment|Funds|10,369,957|0||10,369,957|
|Total||10,369,957|105,594|-105,594|10,369,957|
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|Organisation|||||Project||||Value|Date Paid|
|---|---|---|---|---|---|---|---|---|---|---|
|Brent Mencap|||||Glam Gate Project||||4,994.00|21/11/2022|
|Preston
Manor School,||Lighthouse||(SLCN ARP)|Lighthouse||||5,000,00|08/11/2022|
|Queen's
Park Area Residents'|||Association||Queen's
Park Day 2022||||1,500.00|08/11/2022|
|Randall
Care Homes|||||Kokoro||||5,000.00|08/11/2022|
|Afghan Voice CiC|||||Booklet UK - Easing Integration
Social Inclusion|||8|5,000.00|01/09/2022|
|Advice For Renters|||||Mobile Advice Centre||||5,000.00|25/08/2022|
|Innovative
Opportunities|||||'Finding the you in me' - Lets
Mental
Health||talk||5,000.00|25/08/2022|
|DanceWest|||||Move to Health||||2,800.00|25/08/2022|
|POTENTIAL YOUTH MENTORING|||||POTENTIAL YOUTH MENTORING||||5,000.00|25/08/2022|
|Kore Development
Charity|||||Lions Taekwondo
Equipment||||5,000.00|24/08/2022|
|New Testament
Community|||Project||Equipment
and Outings||||4,495.20|24/08/2022|
||||||"Together we can! Celebrating||||||
|Brent Chinese Association|||||diversity
and improving
wellness of||||1,500.00|24/08/2022|
||||||Brent Residents"||||||
|Clube dos Brasileirinhos
Asian People's
Disability||Alliance|||The Weaving
History Project
Brazilians
in Brent
Hoist HelpIDevelopment|—British
Centre|||5,000,00
5,000.00|24/08/2022
05/08/2022|
|Lets Unite For Autism|Limited||||SEN
MULTISPORT||||4,997.00|05/08/2022|
|Saint Matthew's
Church||Willesden|||Provision of a heating system
meeting rooms.||to our||5,000.00|05/08/2022|
|Basch Helps CIC|||||Angel Box||||5,000.00|25/07/2022|
|Jade mutua foundation||trust|||Brent community||||5,000.00|25/07/2022|
|KOVE|||||Giving Older People a Voice||||2,710.00|25/07/2022|
|Barn Hill Conservation|Group||||Conservation
and Biodiversity
Awareness||||4,552.00|11/07/2022|
|NCDP CIC|||||Puberty 8 Menstruation
workshops||||4,923.91|11/07/2022|
|Boom-Wow Theatre
CIC|||||Breaking Through: Sensory
connections
beyond screens||||5,000.00|28/06/2022|
|FMG Social CIC|||||CHEP- Children
Health
Education
Programme||||5,000.00|28/06/2022|
|Dreamwave
Arts CIC /|Sovereign|||Comics Limited|The Smash Maths project||||4,997.00|08/06/2022|
|Gladstone
Park|||||Flower Beds||||2,400.00|01/05/2022|
||||||||||109,869.11||
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