##
||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||||||
##
##
##