##
||Page|
|---|---|
|Reference &Administrative
Information||
|Trustees'
Annual
Report||
|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||||
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|||||||||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|
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||||||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|
##
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||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|
##
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|||||||||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|||||
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