| Page | |
|---|---|
| Reference &Administrative Information |
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| Trustees' Annual Report |
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| Independent Examiner's Rcport |
|
| Statement ofFinancial Activities | |
| Balance Sheet | |
| Notes to the Financial Statements |
11-18 |
| Trustees: | Chair: | Joannie Andrews | ||||
|---|---|---|---|---|---|---|
| Datoru Ben Paul-Worika | ||||||
| The Reverend Andrew |
Wilson | |||||
| John De La Cruz | ||||||
| Dr Roger Makanjuola | ||||||
| Beverley Piper-Harris | ||||||
| Valerie Harding | ||||||
| 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 4 Statutory | Auditors | ||
| Woodlands Grange, Woodlands |
Lane | |||||
| Bradley Stoke | ||||||
| Bristol, B324JY | ||||||
| Bankers: | HSBC | |||||
| 91High Street | ||||||
| Brentwood, Essex, | ||||||
| SM144RU | ||||||
| Investment | Advisors: | Sarasin and Partners LLP | ||||
| Juxon House | ||||||
| 100StPaul's Churchyard | ||||||
| London | ||||||
| EC4M SBU |
| Page 7 | ||||||||
|---|---|---|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||||||
| Unrestricted | Endowment | Total | Total | |||||
| funds | funds | funds | Funds | |||||
| Notes | ||||||||
| INCOME | ||||||||
| Income from | ||||||||
| Investments | 146,683 | 146,683 | 150,771 | |||||
| Donations | 75 000 | 75,000 | 75,000 | |||||
| Total income | 221,683 | 221,683 | 225,771 | |||||
| EXPENDITURE | ||||||||
| Costs ofraising funds, | ||||||||
| Investment manager |
fees | 20,598 | 20,598 | 22,408 | ||||
| Charitable activities |
||||||||
| Charitable Activities |
5/6 | 223,559 | 223,559 | 166,732 | ||||
| Realised and Unrealised | Losses | / (Gains) | ||||||
| on investment assets |
115 | 291,994 | 292,109 | (113,466) | ||||
| Total expenditure | 223,674 | 312,592 | 536,266 | 75,674 | ||||
| Net (loss) / income | (1,991) | (312,592) | (314,583) | 150,097 | ||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought | forward | 400,852 | 4,308,944 | 4,?09,796 | 4,559,699 | |||
| TOTAL FUNDS CARRIED | ||||||||
| FORWARD | 398,861 | 3,996,352 | 4,395,213 | 4,709,796 |
| 31.3.22 | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | ||||
| funds | funds | funds | ||||
| Notes | ||||||
| INCOME | ||||||
| Income from | ||||||
| Investments | 150,771 | 150,771 | ||||
| Donations | 75,000 | 75,000 | ||||
| Total income | 225,771 | 225,771 | ||||
| EXPENDITURE | ||||||
| Costs ofraising funds, | ||||||
| Investment manager |
fees | 22,408 | 22,408 | |||
| Charitable activities |
||||||
| Charitable Activities |
5/6 | 166,732 | 166,732 | |||
| Realised and Unrealised | (Gains) | |||||
| on investment assets |
(269) | (113,197) | (113,466) | |||
| Total expenditure | 166,463 | (90,789) | 75,674 | |||
| Net income | 59,308 | 90,789 | 150,097 | |||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 341,544 | 4,218,155 | 4,559,699 | ||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 400,852 | 4,308,944 | 4,709,796 |
| 31.03.23 | 31.03.22 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | |||
| funds | funds | funds | Funds | |||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Investments | 220,289 | 4,001,428 | 4,221,717 | 4,507,811 | ||
| CURRENT | ASSETS | |||||
| Cash at bank | 205,692 | 205,692 | 213,577 | |||
| Debtors | 10 | 13,334 | 13,334 | 8,264 | ||
| 219,026 | 219,026 | 221,841 | ||||
| CREDITORS | ||||||
| Amounts falling due within one |
||||||
| year | (40,454) | (5,076) | (45,530) | (19,856) | ||
| NKT CURRENT | ||||||
| ASSETS/LIABILITIES | 178,572 | (5,076) | 173,496 | 201,985 | ||
| NET ASSETS | 398,861 | 3,996352 | 4 395,213 | 4,709796 | ||
| FUNDS | 12 | |||||
| Unrestricted | funds | 398,861 | 398,861 | 400,852 | ||
| Endowment | funds | 3,996,352 | 3,996352 | 4,308,944 | ||
| TOTAL FUNDS | 398„861 | 3,996,352 | 4,395 213 | 4,709,796 |
| 31.03.22 | |||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | |||
| funds | funds | funds | |||
| Notes | |||||
| FIXEDASSETS | |||||
| Investments | 193,547 | 4,314,264 | 4,507,811 | ||
| CURRENT | ASSETS | ||||
| Cash at bank | 213,577 | 213,577 | |||
| Debtors | 10 | 8,264 | 8,264 | ||
| 221,841 | 221,841 | ||||
| CREDITORS | |||||
| Amounts falling due within one |
|||||
| year | (14,536) | (5,320) | (19,856) | ||
| NET CURRENT | |||||
| ASSETS/LIABILITIES | 207,305 | (5,320) | 201,985 | ||
| NET ASSETS | 400,852 | 4,308,944 | 4,709,796 | ||
| FUNDS | |||||
| Unrestricted | funds | 400,852 | 400,852 | ||
| Endowment | funds | 4 308,944 | 4,308,944 | ||
| TOTAL FUNDS | 400,852 | 4,308,944 | 4,709,796 |
| Page | 14 | |||||
|---|---|---|---|---|---|---|
| 2. | Investment | Income | ||||
| 12Months | 12Months | |||||
| 31.03.23 | 31.03.22 | |||||
| Dividends | received | 146,221 | 150,605 | |||
| Investment | Interest | 462 | 166 | |||
| 146,683 | 150,771 | |||||
| 3. | Donations | |||||
| 31.03.23 | 31.03.22 | |||||
| Donation | from Hackney Joint Estate Charity | 75,000 | 75,000 | |||
| 75 000 | 75,000 | |||||
| 4. | Expenditure | on raising funds | ||||
| 31.03.23 | 31.03.22 | |||||
| Investment | Manager Fees | 20,598 | 22,408 | |||
| 5. | Charitable | Activities | ||||
| 31.03.23 | 31.03.22 | |||||
| Grants awarded in period, see page 15 |
192,543 | 140,131 | ||||
| 192,543 | 140,131 |
| 5.Charitable | Activities | Activities | (continued) | 12Months | 12Months | ||
|---|---|---|---|---|---|---|---|
| 31.03.2023 | 31.03.2022 | ||||||
| Grants awarded | during | the | |||||
| penod: | |||||||
| Anna Fiorentini Arts |
School | 5,000 | 5,000 | ||||
| Apollo Music | |||||||
| projects | 3,000 | ||||||
| African Community | School | 10,000 | 8,000 | ||||
| Bags ofTaste | 5,000 | 4,960 | |||||
| Choice In Hackney | 9,113 | 4,000 | |||||
| Connecting Communities |
7,136 | 1,000 | |||||
| East End Citizens Advice | Bureau | 300 | |||||
| East End CAB Welfare &, | Debt Caseworker | 45,000 | 15,000 | ||||
| Frampton Park Baptist Church |
22,000 | 12,000 | |||||
| Gascoyne &Morningside | Youth Club Ltd | 3,939 | |||||
| Hackney City Farm |
5,000 | ||||||
| Hackney Doorways | 12,000 | 11,000 | |||||
| Hackney Migrant Centre | 2,000 | ||||||
| Hackney Playbus | 6,000 | ||||||
| Hackney Quest |
12,000 | 12,000 | |||||
| Legal Advice Centre | - Special Support | ||||||
| project | 12,000 | 10,000 | |||||
| Olu's Soup Kitchen | 4,832 | ||||||
| Premises Music Education | 1,250 | ||||||
| St Andrews Youth |
|||||||
| Developments | 9,640 | 18,050 | |||||
| StJohn ofJerusalem | 2,000 | 2,000 | |||||
| St.Joseph's Hospice | 8,000 | 4,000 | |||||
| Shepherdfold | |||||||
| Ministry | 5,000 | ||||||
| The Yard Theatre | 3,000 | ||||||
| Toshiba TECUK | 1,017 | 1,050 | |||||
| Woman's Trust |
10,873 | ||||||
| XLP in Hackney | 8,000 | 10,000 | |||||
| Other (Individual Grants under $2,000) |
1,514 | ||||||
| 192,543 | 140,131 |
| 6. | Support costs | Support costs | ||
|---|---|---|---|---|
| 31.03.23 | 31.03.22 | |||
| Professional | Fees and Administration | 26,660 | 22,293 | |
| Accountancy | and book-keeping | 1,800 | 1,800 | |
| Independent | examination | 1,140 | 1,080 | |
| Sundry Costs | 1,416 | 1,428 | ||
| 31,016 | 26,601 |
| Listed | |
|---|---|
| investments | |
| Market Value | |
| At 1 April 2022 | 4,507,811 |
| Disposals | |
| Additions | 5,792 |
| Revaluations | (292,109) |
| Net Revaluations | (286,317) |
| Interest | 223 |
| At 31March 2023 | 4,221,717 |
| Net Book Value | |
| At 31 March 2023 | 4,221,717 |
| At 31 March 2022 | 4,507,511 |
| Page 17 | ||||||||
|---|---|---|---|---|---|---|---|---|
| 10. | Debtors: | |||||||
| 31.03.23 | 31.03.22 | |||||||
| K | ||||||||
| Investment | Income (Unrestricted) | 13,334 | 8 264 | |||||
| 13,334 | 8,264 | |||||||
| 11. | Creditors: | |||||||
| 31.03.23 | 31.03.22 | |||||||
| Other creditors (Unrestricted) | 7,454 | 6,705 | ||||||
| Accruals - expenses (Unrestricted) | 3,000 | 3,000 | ||||||
| Accruals - expenses (Restricted) | 5,076 | 5,320 | ||||||
| Accruals —grants (Unrestricted) | 30,000 | 4 331 | ||||||
| 45,530 | 19,856 | |||||||
| 12. | Movement | in funds | ||||||
| Net movement | ||||||||
| At 01.04.22 | in funds | At 31.03.23 | ||||||
| Unrestricted | funds | |||||||
| General fund | 400,852 | (1,991) | 398,861 | |||||
| Endowment | funds | |||||||
| Endowment | fund | 4,308,944 | (312,592) | 3,996,352 | ||||
| Total Funds | ||||||||
| Net movement | in funds, | included | in the above are as follows: | |||||
| Income | Expenditure | Gains and | Movement in |
|||||
| losses | funds | |||||||
| Unrestricted | funds | |||||||
| General fund | 221,683 | (223,559) | (115) | (1,991) | ||||
| Eudowment | funds | |||||||
| Endowment | fund | (20,598) | (291,994) | (312,592) | ||||
| Total Funds | 221 633 | ~244,157) | ~292 11}9} | ~314,583) |
| 12. | Movement | in funds (continued) | |||
|---|---|---|---|---|---|
| Analysis ofNet Assets between Funds 2023 | |||||
| Fixed | Net | Total | |||
| Assets | Assets | ||||
| Unrestricted | funds | ||||
| General fund | 220,289 | 178,572 | 398,861 | ||
| Endowment | funds | ||||
| Endowment | fund | 4,001,428 | (5„076) | 3,996,352 | |
| Total Funds | 4,221,717 | 173,496 | 4,395,213 | ||
| Analysis ofNet Assets between Funds 2022 | |||||
| Fixed | Net | Total | |||
| Assets | Assets | ||||
| Unrestricted | funds | ||||
| General fund | 193,547 | 207,305 | 400,852 | ||
| Endowment | funds | ||||
| Endowment | fund | 4,314,264 | (5,320) | 4,308,944 | |
| Total Funds | 4,505,811 | 201,985 | 4,709,796 | ||
| 13. | Related Party Disclosures |