| Page | |
|---|---|
| Reference dr Administrative Information |
|
| Trustees' Annual Report |
|
| independent Examiner's Report |
|
| Statement ofFinancial Activities | |
| Balance Sheet | |
| Notes to the Financial Statements |
1 |
| Trustees: | Chair: | Joannie Andrews | |||||
|---|---|---|---|---|---|---|---|
| Datoru Ben Paul-Wook a | |||||||
| The Reverend Andrew |
Wilson | ||||||
| John De La Cruz | |||||||
| Dr Roger Makanjuola | |||||||
| Beverley Piper-Harris | |||||||
| Valerie Harding | |||||||
| Councillor Katie Hanson | |||||||
| Lisa Raine Hunt | |||||||
| Councillor Joseph Ogundemuren |
(appointed 25 | May 2022) | |||||
| Administrators: | The Trust Partnership | ||||||
| 6 Trull Farm Buildings | |||||||
| Tetbury | |||||||
| Gloucestershire | |||||||
| GL8 SSQ | |||||||
| Independent | Examiner: | Dunkley's, Chartered |
Accountants | tk Statutory | Auditors | ||
| Woodlands Grange, Woodlands |
Lane | ||||||
| Bradley Stoke | |||||||
| Bristol, B324JY | |||||||
| Bankers: | HSBC | ||||||
| 91 High Street | |||||||
| Brentwood, Essex, | |||||||
| SM144RU | |||||||
| Investment | Advisors: | Sarasin and Partners LLP | |||||
| Juxon House | |||||||
| 100StPaul's Churchyard | |||||||
| London | |||||||
| EC4M SBU |
| Page 7 | ||||||||
|---|---|---|---|---|---|---|---|---|
| 31.3.22 | 31.321 | |||||||
| Unrestricted | Endowment | Total | Total | |||||
| funds | funds | funds | Funds | |||||
| Notes | f, | f, | f | |||||
| INCOME | ||||||||
| Income from | ||||||||
| Investments | 150,771 | 150,771 | 168,557 | |||||
| Donations | 75 000 | 75,000 | 65 000 | |||||
| Total income | 225,771 | 225,771 | 233,557 | |||||
| Costs ofraising funds, | ||||||||
| Invesbnent | manager | fees | 22,408 | 22,408 | 20,537 | |||
| Charitable activities |
||||||||
| Charitable Activities |
5/6 | 166,732 | 166,732 | 194,811 | ||||
| Realised and | Unrealised | (Gains) | ||||||
| on investment | assets | (269) | (113,197) | (113,466) | (762,012) | |||
| Total expenditure | 166,463 | (90,789) | 75,674 | (546,664) | ||||
| Net income | 59,308 | 90,789 | 150,097 | 780421 | ||||
| RECONCILIATION | OFFUNDS | |||||||
| Total funds | brought | forward | 341,544 | 4,218,155 | 4,559,699 | 3,779,478 | ||
| TOTAL FUNDS CARRIED | ||||||||
| FORWARD | 400 852 | 4308,944 | 4 709 796 | 4,559,699 |
| 31.3.21 | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | ||||
| funds | funds | funds | ||||
| Notes | ||||||
| INCOME | ||||||
| Income from | ||||||
| Investments | 168,557 | 168,557 | ||||
| Donations | 65 000 | 65 000 | ||||
| Total income | 233,557 | 233,557 | ||||
| EXPENDITURE | ||||||
| Costs ofraising funds, | ||||||
| Investment manager |
fees | 20,537 | 20,537 | |||
| Charitable activities |
||||||
| Charitable Activities |
5/6 | 194,811 | 194,811 | |||
| Realised and Unrealised | (Gains) | |||||
| on investment assets |
(716) | (761,296) | (762,012) | |||
| Total expenditure | 194,095 | (740,759) | (546,664) | |||
| Net income | 39,462 | 740,759 | 780,221 | |||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 302,082 | 3,477,396 | 3,779,478 | ||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 341 544 | 4218,155 | 4,559699 |
| 31.03.22 | 31.03.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | |||
| fuads | funds | funrh | Funds | |||
| Notes | f | f | ||||
| FIXEDASSETS | ||||||
| Investments | 9 | 193,547 | 4,314264 | 4,507,811 | 4,383,107 | |
| CURRENT | ASSETS | |||||
| Cash at bank | 213,577 | 213,577 | 183,158 | |||
| Debtors | 10 | 8,264 | 8464 | 8,046 | ||
| 221,841 | 221,841 | 191204 | ||||
| CREDITORS | ||||||
| Amounts falling due within one |
||||||
| year | (14,536) | (5,320) | (19,856) | (14,612) | ||
| NET CURRENT | ||||||
| ASSETS/LIABILITIES | 207305 | (5,320) | 201,985 | 176,592 | ||
| NET ASSETS | 400,852 | 4,308944 | 4709 796 | 4559699 | ||
| FUNDS | 12 | |||||
| Unrestricted | funds | 400,852 | 400,852 | 341,544 | ||
| Endowment | funds | 4,308944 | 4 308 944 | 4218,155 | ||
| TOTAL FUNDS | 400 852 | 4 308,944 | 4,709,796 | 4,559699 |
| 31.03.21 | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | ||||
| funds | funds | fuads | ||||
| Notes | f | f. | ||||
| FIXEDASSETS | ||||||
| Investments | 9 | 159,588 | 4,223,519 | 4,383,107 | ||
| CURRENT | ASSETS | |||||
| Cash at bank | 183,158 | 183,158 | ||||
| Debtors | 10 | 8,046 | 8,046 | |||
| 191,204 | 191204 | |||||
| CREDITORS | ||||||
| Amounts falling due within one |
||||||
| year | 11 | (9,248) | (5,364) | (14,612) | ||
| NET CURRENT | ||||||
| ASSETS/LIABILITIES | 181,956 | (5,364) | 176,592 | |||
| NET ASSETS | 341 544 | 4 | 218 155 | 4559699 | ||
| FUNDS | 12 | |||||
| Unrestricted | funds | 341,544 | 341,544 | |||
| Endowment | funds | 4 | 218 155 | 4 18 155 | ||
| TOTAL FUNDS | 341 544 | 4 | 18 155 | 4559699 |
| Page | 14 | |||||
|---|---|---|---|---|---|---|
| 2. | Investment | Income | ||||
| 12Months | 12Months | |||||
| 31.03.22 | 31.03.21 | |||||
| f | ||||||
| Dividends | received | 150,605 | 168,358 | |||
| Investment | Interest | 166 | 199 | |||
| 1~50771 | 1~68 557 | |||||
| 3. | Donations | |||||
| 31.03.22 | 31.03.21 | |||||
| Donation | from Hackney Joint Estate Charity | 75,000 | 65,000 | |||
| ~75 000 | ~65 000 | |||||
| 4. | Expenditure | on rahing funds | ||||
| 31.03.22 | 31.03.21 | |||||
| Investment | Manager Fees | ~22 408 | ~20 537 | |||
| 5. | Charitable | Activities | ||||
| 31.03.22 | 31.03.21 | |||||
| Grants awarded in period, see page 15 |
1~40 131 | 1~64 26 |
||||
| 1~40 131 | 1~64 26 |
| Page 15 | ||||||
|---|---|---|---|---|---|---|
| 5.Charitable Activities (continued) |
12Months | 12Months | ||||
| 31.03.2022 | 31.03.2021 | |||||
| Grants awarded during the period: |
||||||
| Age UK East London | 1,000 | |||||
| Anna Fiorentini Arts School |
5,000 | 2,000 | ||||
| Apollo Music Projects | 3,000 | 3,000 | ||||
| African Community School |
8,000 | 5,040 | ||||
| Bags ofTeste | 4,960 | 2,500 | ||||
| Beersheba Living Well | 2,006 | |||||
| Choice In Hackney | 4,000 | 2,500 | ||||
| Clapton Common Boys Club | 1,000 | |||||
| Claudia Jones Organisation | 2,806 | |||||
| Connecting Communities |
1,000 | |||||
| East End Citizens Advice Bureau | 300 | 8247 | ||||
| East End CAB Welfare dt | Debt | Caseworker | 15,000 | 15,000 | ||
| Family Action | 1,000 | |||||
| Food Lifeline (ZSV Trust) | 1,000 | |||||
| Frampton Park Baptist Church |
12,000 | 12,000 | ||||
| Gascoyne 8:Momingside | Youth Club Ltd | 3,939 | ||||
| Hackney Caribbean Elderly |
Organisation | 1,024 | ||||
| Hackney Church |
1,000 | |||||
| Hackney Doorways | 11,000 | 15,000 | ||||
| Hackney Foodbank | 2,500 | |||||
| Hackney Migrant Centre | 2,000 | 5,500 | ||||
| Hackney Playbus | 4,000 | |||||
| Hackney Quest |
12,000 | 13,840 | ||||
| Hayes and English Funeral | Directors | 2,370 | ||||
| Legal Advice Centre - Special Support Project | 10,000 | 10,000 | ||||
| London Borough ofHackney | 225 | |||||
| Made in Hackney | 2,500 | |||||
| North London Action For | The Homeless | 1,000 | ||||
| Olu's Soup Kitchen | 4,832 | 5,000 | ||||
| Re-engage (Contact the Elderly) | 1,522 | |||||
| St Andrews Youth Developments |
18,050 | 21,610 | ||||
| StJohn ofJerusalem | 2,000 | 2,000 | ||||
| St.Joseph's Hospice | 4,000 | |||||
| StMungos's | 777 | |||||
| Sdvation Army Cambridge | Heath | 1,250 | ||||
| Shepherdfold Ministry |
5,000 | |||||
| Solace | 500 | |||||
| Skillspool Training - Managing | Change | 4,656 | ||||
| The Yard Theatre | 3,000 | 3,000 | ||||
| Toshiba TECUK | 1,050 | 704 | ||||
| XLP in Hackney | 10,000 | |||||
| Other Gndividual Grants under f2,000) |
1 249 | |||||
| 149131 | 164326 |
| Page 16 | ||||
|---|---|---|---|---|
| 6. | Support costs | |||
| 31.03.22 | 31.03.21 | |||
| Professional | Fees and Administration | 22,293 | 26,801 | |
| Accountaacy | and book-keeping | 1,800 | 1,800 | |
| Indepeadent | examination | 1,080 | 1,080 | |
| Sundry Costs | ~1428 | 804 | ||
| 26,601 | ~30 485 |
| Listed | |
|---|---|
| investments | |
| Mattret Value | |
| At I April 2021 | 4,383,107 |
| Disposals | (4,519,358) |
| Additions | 4,530,596 |
| Revaluations | 113,466 |
| Net Revaluations | ~124704 |
| At 31March 2022 | ~4507 811 |
| Net BookValue | |
| At 31March 2022 | ~4,507 811 |
| At 31March 2021 | ~4383 107 |
| OTH | E FINANCIAL | STATEMENTS F | OR THE YEAR ENDING 3 | 1MARCH 2022 | ||
|---|---|---|---|---|---|---|
| Page 17 | ||||||
| 10. | Debtors: | |||||
| 31.03.22 | 31.03.21 | |||||
| Investment Income (Unrestricted) |
~8264 | ~8046 | ||||
| 8,264 | ~8046 | |||||
| 11. | Creditors: | |||||
| 31.03.22 | 31.03.21 | |||||
| f. | ||||||
| Other creditors (Unrestricted) | 6,705 | 6,248 | ||||
| Accruals - expenses (Unrestricted) | 3,000 | 3,000 | ||||
| Accruals - expenses (Restricted) | 5,320 | 5,364 | ||||
| Accruals —grants (Unrestricted) | ~4831 | |||||
| 19,856 | 14,612 | |||||
| 12. | Movement in funds |
|||||
| Net movement | ||||||
| At 01.04.21 | in funds | At 31.03.22 | ||||
| Unrestricted | funds | |||||
| General fund | 341,544 | 59,308 | 400,852 | |||
| Endowment | funds | |||||
| Endowment fund |
4,218,155 | 90,789 | 4,308,944 | |||
| Total Funds | ~4,559699 | ~150097 | ~4709796 | |||
| Net movement | in funds, included | in the above are as foRows: | ||||
| Income | Expenditure | Gains and | Movement in |
|||
| losses | funds | |||||
| Unrestricted | funds | |||||
| General fund | 225,771 | (166,732) | 269 | 59,308 | ||
| Endowment | funds | |||||
| Endowment fund |
(22,408) | 113,197 | 90,789 | |||
| Total Funds | 225 771 | ~189140) | ~113 466 | ~150097 |
| 12. | Movement | in funds (continued) | ||||
|---|---|---|---|---|---|---|
| Analysis ofNet Assets between Funds 202Z | ||||||
| Fixed | Net | Total | ||||
| Assets | Assets | |||||
| 8 | ||||||
| Unrestricted | funds | |||||
| General fund | 193,547 | 207,305 | 400,852 | |||
| Endowment | funds | |||||
| Endowment | fund | 4,314464 | (5,320) | 4,308,944 | ||
| Total Funds | ~4507 811 | ~201 | 985 | 4,709,796 | ||
| Analysis ofNet Assets between Funds 2021 | ||||||
| Fixed | Net | Total | ||||
| Assets | Assets | |||||
| f. | ||||||
| Unrestricted | funds | |||||
| General fund | 159,588 | 181,956 | 341,544 | |||
| Endowment | funds | |||||
| Endowment | fund | 4,223,519 | (5,364) | 4,218,155 | ||
| Total Funds | ~4383,107 | ~176 | 592 | ~4559 699 | ||
| 13. | Related Party Disdosures |