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2021-10-31-accounts

WHITECHAPEL MISSION Annual Report 2021

CONTENTS

Annual Report 2021 1

REPORT OF THE TRUSTEES

for the year ended 31st October 2021

The Trustees present their report along with the financial statements of the charity for the year ended 31st October 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Mission's Trust Deed, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice” applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019.

STRUCTURE, GOVERNANCE and MANAGEMENT

The Whitechapel Mission is a Local Church under the Model Trusts established under the Methodist Church Act 1976 (the Trusts) and constitutes an unincorporated charity.

Trustee vacancies are advertised to the members, supporters and friends of the Mission, and more widely. In accordance with the Trusts, the Trustees are appointed by the members of the Mission from the membership at the Annual General Meeting. The Trustees endeavour to ensure that there are sufficient Members with the range of skills and experience necessary so that Trustees can be elected to meet the governance requirements of the Mission.

New Trustees who are not familiar with the responsibilities of a charity trustee are provided with Charity Commission guidance and any other training required. If new Trustees have not experienced working as a volunteer in one of the day to day services of the Mission the opportunity is provided for them to do so.

The Trustees normally meet every three months and have appointed sub committees for particular areas of business. Matters for decision are normally brought forward by a sub-committee, an individual Trustee or the Director, considered and, if necessary, voted on. Details of the Trustees who have served

Annual Report 2021 2

during the year and since the year end together with other legal information required to be disclosed are set out on page 11

The charity is managed day to day by the Director in accordance with the objectives and policies decided by the Trustees.

The Mission is a Church in the Tower Hamlets Circuit of the Methodist Church and is represented on the Circuit Meeting. Presbyters appointed to the Circuit are entitled to be Trustees of the Mission. Rev John Hayes was a Trustee until he moved from the Circuit. His replacement as Circuit Superintendent, Rev Jenny Impey, then joined the Trustees. The Circuit is entitled to appoint an additional Trustee to the Mission, though the post is currently vacant.

Remuneration of the staff of the Mission is set with regard to market rates for similar employment and the policy of the Methodist Church with regard to the Living Wage.

FINANCIAL REVIEW

The accounts have been prepared under the accounting standard, FRS 102.

The charity made an operating surplus of £210,731 (2020: £72,680) in the year. This is a significant increase, resulting from an increase in income, particularly from corporate supporters. Gifts in kind have increased by nearly £168,013 mirrored by a parallel increase in expenditure. The value of the restricted property fund is unchanged from last year at £6,863,122 in accordance with the accounting policy established in 2017 for FRS 102 and explained in note 1 to the accounts. Total funds at the year end were £7,437,160 of which most were in the restricted property fund (£6,863,122) a small amount in the endowment fund (£12,202). Free reserves, those unrestricted reserves not invested in illiquid fixed assets, stood at £355,150.

New donors attracted last year have continued to support us generously, impressed by the work of the Mission in staying open throughout the Covid-19 pandemic to provide hot meals and other support to our homeless guests.

Annual Report 2021 3

Support from companies and trusts increased by £62,000 over last year. Our long standing supporters have continued to fund us at much the same rate as in the past. We are grateful for all our supporters, who have allowed the Mission to cope with increased demand at a time when the income of many charities has decreased.

Legacy income was £25,000 (2020: £2,000). The Mission is most grateful to the supporters who remember us in their will, but this is an unpredictable source of income which cannot be relied on to cover routine expenses.

The total increase in voluntary income is £276,240

Other income, mainly from rental of shops and key worker housing, was £195,000 (2020: £180,000).

Total recurrent costs at £ 1,419,361 (2020: £ 1,263,632) are £155,729 up on last year. This reflects the increased value of donations in kind (£168,013), but also reflects higher staff costs, offset by reduced expenditure on maintenance after a large refurbishment programme in 2020.

Capital expenditure was similar to last year at £71,792 (2020: £72,421).

PUBLIC BENEFIT

The Trustees have had regard to the Charity Commission’s guidance on public benefit in setting its objectives and planning its activities. The sections of this report headed ‘Activities’ and ‘Achievements and performance’ report on the Mission’s activities and successes. The work of the Mission benefits homeless people and key workers who access its services, and members of the public who are informed about homelessness, through our website, publications and talks.

Annual Report 2021 4

OBJECTS OF THE WHITECHAPEL MISSION

The constitution of the Mission permits a wide range of objects. The main objects of the Mission are:

ACTIVITIES

In order to support homeless people, the Mission has provided:

In order to provide housing for key workers the Mission has let 13 flats to medical staff from local hospitals at an affordable rent.

The Mission would not be able to achieve its aims and objectives without the generous gifts of time and effort given freely by volunteers. Our volunteers help in a variety of roles including the kitchen, sorting and distributing donations and giving general support to the people who use our services. The number of volunteers hours given in the year is estimated at 17,486. This is less than previous years as volunteering had to be restricted because of Covid regulations and the risk of introducing infection into the Mission. Volunteering activity has now resumed.

Annual Report 2021 5

ACHIEVEMENTS AND PERFORMANCE

The purpose of the Mission is to support any homeless person coming through the doors of the day centre, and to provide help and advice to assist them so that they are no longer homeless and in need of support. Ultimate success would therefore be indicated by a reduction in the number of people seeking our services. Unfortunately, pressures in society outside the Mission mean that

demand has not reduced. 32% of people using our services have been in care at some time and 38% have been in prison.

Official figures reveal that 8,096 people were found sleeping rough on any given night in London in 2017, an increase of 7% on the previous year. Rough sleeping in England has increased by 134% since 2010.

The Mission is open 365 days a year and about 450 people attend the day centre every day. However, 7,925 different people used the day centre during the year, of whom 2,724 used our advice services, an increase of 42% over last year. This shows that many people find the help they need and move on, to be replaced by others newly in need.

COVID – 19

During the year the country continued to be impacted by the Covid-19 outbreak. Most centres supporting homeless people remained closed, and cafes and other places where food was available were closed some of the time. Following concern about the impact of the virus on rough sleepers the government instituted a scheme to house homeless people in hotels and as a result many rough sleepers were moved from their usual locations. Food was not always available and some rough sleepers did not want to be accommodated. The Mission stayed open and served a hot breakfast and a packed lunch throughout, at all times adhering to government guidelines and with continual risk assessment. This remains the position.

More detail on the Mission’s response is described later in this report.

Annual Report 2021 6

PLANS FOR THE FUTURE PERIODS

The Trustees consider that the Mission is effective in its current activities, and that it should first ensure that those services can continue in the face of increasing demand and emerging strains on the physical capacity of the building. Accordingly, plans to improve the use of the existing space are in hand.

Efforts will continue to find new and varied sources of funding to ensure that the Mission remains financially resilient and can raise additional funds to meet demand.

FUNDRAISING ACT

The charity does not employ a professional fundraiser, nor does the charity contract with any commercial fundraising agencies. The charity is registered with the Fundraising Regulator and has signed up to The code of Fundraising Practice, and the charity does have regulatory procedures in place covering fundraising. No complaints have been received by the charity from its fundraising.

The charity only sends fundraising material and updates on the charity’s work to individuals who have actively opted in to receive contact of this nature from the charity in order to protect the public from intrusion. We aim to protect vulnerable members of the public from persistent contact by ensuring that updates on the charity’s activities are not too frequent, and are controlled at chief executive level.

Face to face fundraising activity is largely confined to instances where the charity is approached by an organisation to arrange a discussion on the work of the charity, where donations may be collected.

Annual Report 2021 7

RESERVE POLICY AND GOING

CONCERN STATEMENT

The Mission aims to maintain a level of reserves sufficient for it to maintain stability through a period of variable income such as that it has experienced in 2016. The Trustees would like to maintain a free reserve equivalent to expenditure of three months for these purposes. At the year end this target had been achieved and the free reserve stood at £355,150. As well as the free reserves the Mission has promises of support if needed from the Methodist Church amounting to £50,000 in total.

The accounts have been prepared on a going concern basis.

The Trustees consider that the charity's funds should have little exposure to risk. Accordingly, the charity has minimal investments not held on bank deposit to allow ready access to monies as and when required. The charity’s investments are held and managed by the Methodist Church and are invested in accordance with the social, environmental and ethical principles of the Methodist Church.

In common with all Methodist charities, the Charity's property is held by the Trustees for Methodist Church Purposes.

RISK MANAGEMENT

The strategic and operational risks involved in running the charity are kept under review by the Trustees and action is taken whenever necessary to ensure that, as far as is reasonably practical, these risks negated. Where it is considered appropriate suitable insurance cover is in place.

The Mission has rigorous operational procedures to ensure that Health and Safety risks arising from its provision of services to homeless people are minimised. Special risk assessments were undertaken and precautions were put in place after the Covid-19 outbreak. These assessments and the appropriate precautions have been continually reviewed as the outbreak progressed.

Regular and rigorous checks are made on the security of the Mission’s web-site.

Annual Report 2021 8

TRUSTEES’ RESPONSIBILITIES IN RELATIONS TO THE FINANCIAL

STATEMENTS

The Trustees are responsible for preparing the report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Annual Report 2021 9

Approved by the Trustees on 24th August 2022 and signed on their behalf by:

Michael Spurr Chair

Keith Aldred Treasurer

Annual Report 2021 10

MISSION STATEMENT

Founded in 1876, Whitechapel Mission has been caring for the poor and homeless of London regardless of race or religion, in their struggle against hunger, poverty, disease, prejudice and exclusion. Our work is inspired by our Christian concern.

General Office: Telephone: 020 7247 8280 The Whitechapel Mission 020 7247 8281 212, Whitechapel Road London E1 1BJ

Registered Charity No: 227905 email: mission@whitechapel.org.uk website: www.whitechapel.org.uk Director: Tony Miller MBE

Whitechapel Mission Managing Trustees:

Continuous Mr Michael Spurr (Chair) Mr Paul Hornsby (Secretary) Dr Keith Aldred (Treasurer) Mr Peter Butt Mr Stephen Perry Mr Peter Barlow Ms Joanna Fozzard Ms Cheryl Gurnham Revd Jennifer Smith Revd John Hayes resigned July 2021 Revd Jenny Impey appointed September 2021

Bankers: Independent Auditors: Barclays Bank PLC Begbies Chartered Accountants Mile End and Bow Branch 9 Bonhill Street 240, Whitechapel Road London London EC2A 4DJ E1 1BS Solicitors: Investment Advisers: Lovell Son & Pitfield Central Finance Board Investment Unit 9 Gray’s Inn Square 9 Bonhill Street Gray’s Inn London London. WC1R 5JT EC2A 4PE

Annual Report 2020 11

DIRECTOR’S COMMENTS

Written in November 2021

A second year dominated by the virus and the restrictions it brings upon us. A difficult year for all of us, but especially for those sleeping on our streets.

Many of London’s daycentres and soup kitchens remain closed this year and finding a safe place offering food, shelter and advice could be very difficult.

As winter approaches, the difficulties continue. Many centres remain closed and winter night shelters are requiring a double vaccination before one can be admitted.

But it is not just about offering food, showers, and clean dry clothing. Each individual experiencing homelessness needs a community of care that values the person’s goals and dreams, clearly sees the challenges and obstacles, and walks alongside the person every step of the way from homelessness to independent living.

Our advice centre has seen higher numbers than ever before and our outcomes are also higher than ever. Many hard-working Londoners have lost their livelihoods, and some have joined the thousands who were already living unsheltered in doorways or parks. While the rate of homelessness in London has intensified due to the impact of the

pandemic, The Whitechapel Mission is striving daily to provide needed relief and hope to our guests in need!

We welcome Pardip, Sam, Hayley, and Emma to our staff team this year. And we see Lukasz and George move on to new pastures. The Whitechapel Mission has witnessed countless acts of courage, generosity and resilience by our staff and volunteers. We are grateful to the essential workers who kept our doors open to serve our guests in need!

Thank you to everybody who have supported and ensured we could remain open and responding to the growing need.

We remain open and serving!

TONY MILLER MBE

Annual Report 2021 12

VOLUNTEERS

In March 2020, it was necessary to suspend our kitchen volunteering programme, to keep everybody safe. For most of the last 15 months, we have been without breakfast volunteers, although it was possible to welcome many clothing store volunteers between lockdowns. These fantastic people helped ensure that we had enough dry, warm clothing for everybody who needed it.

In July 2021, we saw the first volunteer groups return to the kitchens, with requests for breakfast volunteering going crazy from mid-September. Volunteers are an important and integral part of our work, and we are pleased to see the return of some old friends and many new ones.

We are still needing to consider the safety of our guests as well as the volunteers. We are restricting numbers of volunteers onsite at any time and requesting masks to still be warn. Due to the numbers of people, we are serving we have extended the times for serving meals, to reduce the size of any queues. This pandemic has forced us to consider new ways of thinking and new ways of delivery. We needed to reflect upon the additional demands, but also on a safe way to deliver food and services.

Our new upgraded kitchens delivered over 150,000 more

meals this year. Not only our famous traditional breakfasts, but we added lunches, as there were so few places to get food at other times of the day. The next step is to bring back volunteers to our advice centre and lifeskills. This should be possible by the New Year, but until then, Sonia and Hayley with the assistance of our Deacon Terry, continue to deliver the service every weekday.

Annual Report 2021 13

Over 1,325 volunteers, offering over 17,486 hours of their time.

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˝ That is what we offer in the LifeSkills, all said and done, we offer hope. ˝

– Sonia , Advice Worker

Annual Report 2021 15

SERVICES

In May 2021 it was possible for us to put some dining tables back and allow people to eat their meals inside the centre, but with the encouragement to “sit, eat and go”. We are hoping to have all tables back by Christmas. Many of our guests have not yet had the opportunity of a vaccination and we need to be careful when people just wish to sit at tables.

2,724 people used our advice services during the past year.

The computer suite remains as busy as last year, with many people using the service to apply for housing, work, or benefits. Many hard-working people have lost their livelihoods, and some have joined the thousands who were already living unsheltered in doorways or parks. These people have no history of homelessness and are experiencing the fear and isolation of rough sleeping for the very first time, and at a time when available services remain very low.

Sonia and Hayley start work at 8am each morning and usually find a queue of people already waiting for assistance. Very rarely are they without large number of people waiting to see then, but they do not go home until everybody has been seen. We look forward to the time when we can have volunteers assisting.

Some people just need a listening ear and somebody to share their fears with. Terry is invaluable and can offer the time to just sit, listen and offer both emotional support and practical advice.

The showers also continue to be in high demand with many people desperate for warm dry clothing as well the opportunity to take a hot shower. One of the few benefits of the pandemic, is supporters have had plenty of time to clear out their wardrobes and we have seen an increase in donations of clothing.

44% of people using our services are under 26 years of age.

Annual Report 2021 16

CHRIS’S STORY

Sonia: It’s lovely to have Chris here. Seeing him, thinking about it all, it just overwhelms me with so much love, and hope.

Chris: Right Girls! Hello. You want to know about what it was like, what I’ve done, and what it’s like now. I’m a member of AA. I learnt so much in AA about my childhood that I didn’t know, that caused me to become an alcoholic. All that trauma that I pushed down as a kid, being bullied, racial stuff, slurs to my mum, to my dad. I had so much anger and it builds up. Luckily enough when I was a kid I started boxing, because I was being bullied, and I was pretty good. But over the years, I still had that stuff going on, it was still there.

When I first started drinking, it was acceptable. Went to the pub, got a drink, come home and go to work. But over time, it chips away at you, and before I knew it, I was an alcoholic, but I didn’t want to see it. It is denial, basically. You lose your job, you’re late, messed up relationships. I always pointed the finger at them, I didn’t want to look at myself, it was always their fault. That’s the trait of an alcoholic, you don’t want to take responsibility.

I grew up in East London, I’m a local. Stepney. I turned pro as a boxer, and I did alright. But when I was 21, I lost my mum to cancer and that was a traumatic experience. I didn’t know how to talk to people, so I drank. And it done the trick to be honest, it gave me that ease and comfort that I wanted. You know that sigh of relief ahhh.

I met someone when I was 23. I settled down a little bit. Stopped drinking. I kept training, for my boxing. It kept me fit, and it took me away from that.

Then she had the kids, and we sort of went our separate ways. In comes the drink, it was my crutch. When we split up, I lost my boxing as well.

I got on the drink, to take away the pain. It’s like an anaesthetic. I started taking other substances too. Cocaine and in the late 90’s I started smoking crack. That got me downhill straight away. I could have bought 3 houses with the amount of money that I spent on it. What was I thinking?

In the end I was in and out of criminal activity. My health was deteriorating. That’s when I started coming to the mission. I couldn’t look after myself,

Annual Report 2021 17

I didn’t want to admit to it. I’d use the showers here. It’s lucky these places are here, otherwise I would have been dead a long time ago.

“There are people here that really care for you. Sue, Tony, Sonia, Will, they have stuck with me, they ask how I am.”

I had pneumonia and they took me to the hospital, I stayed there for a while. By then I was homeless, I lost everything. I lost my flat, my possessions, my family. It was a very dark place. I drank for a while after that, and I ended up in a hostel up the road. It was a hostel, but you were allowed to drink in there. It was a place where you go to die. It’s your last chance. If you don’t stop, you die. That’s God there.

God had come into my life and asked me, “Son, do you want to go out in a body bag, or do you want to try something different?”

Annual Report 2021 18

the £50 but it was essential.

In the end I got a place in rehab, and I remember telling Tony. He was so happy for

me. By then, I had enough. I really wanted to try something different. I started to get clean and sober.

Tony: Chris was a long-term user of our services. When we didn’t see him, we knew that usually meant he was back in prison for petty crime, or he was on a drinking bender. But he was a very amicable man who we could see clearly was trying but kept failing because of his alcohol addiction.

Suddenly one morning, he had a change in every way about him. You could see that he had enough of this and we was going to try his hardest. He wanted to change his life. We managed to get a sponsor who would fund his detox and he succeeded. He did 12 weeks in rehab, and he came back a new man. Completely sober.

Chris: When I came out, I came to the mission and spoke to Tony. I asked him for help. I told him I was clean, but that I needed tools, as I am a carpenter by trade. I’ll never forget what he did.

Tony: One day we were sitting and chatting, and he was telling me how determined he was that drink was not going to beat him, and that he was going to change his life. The enthusiasm and passion in his voice totally convinced that this man meant every word that he was saying.

But he needed income and he wanted to return to his trade as a carpenter. It wasn’t possible as he had been out of the field for so long, he had no tools, no safety equipment. He asked me if I could help him. He believed it would be about £50 to get him the basic tools to get back on his feet. So, we made a complete list of everything that he needed. Of course, it came to considerably more than

Chris: I started going to work on site, started getting my life back, it was nice. I started speaking to the mother of my children again. She’s no longer with us now, sadly she passed way. My kids are grown up now, ones a nurse, ones a chef, and one is figuring it out. The youngest is starting school. I’m getting things back, slowly. All those things I thought I lost; I’m getting back. I’m doing the programme and trying to help others. In the end, I was killing myself. But thanks to the grace of God.

“This place does help people. If you want the help, it’s here. There’s people here that do really care.”

So I am hoping, this story will help people. You can do it. But you have to want to, and you have to put the work in. I have to go to meetings, go through the 12-step programme, find a sponsor, and work at it every day.

I’ll always come back here. Like today, I came to see Sonia, I always buy her a coffee. I couldn’t have done that before, that money was always for drink. I try to talk to people now, I tell them they can do it. Pick the phone up instead of picking the drink up. Talk about it takes the power out of the urge.

I’ve been sober now for 14 years. Long may it last. And West Ham are massive

Annual Report 2021 19

NEW TEAM MEMBERS

During the year, we have welcomed Emma to our team, although we said hello in last years review. We also welcome Pardip, Hayley and Sam to the team.

These fantastic people join the rest of our #OurCovidHeros team, ensuring that nobody is turned away, everybody get free access to food, showers, clothing, and advice.

We remain open to all and provide our essential services everyday!

Annual Report 2021 20

SOCIAL MEDIA

Hopefully, you will have seen our increased presence on social media platforms, sharing what is happening each day within the Mission.

Last year, we launched our new website with a new look and more mobile device friendly. This website is designed, built and managed by the Whitechapel Mission Team. We would welcome your thoughts and suggestions.

If you are looking for the latest news that happens at Whitechapel, it can be found on our Instagram and Facebook pages.

Not everybody is comfortable with the social media platforms and visit websites, only when they are looking for something. This year we introduced an electronic newsletter, which will be in the form of an email and sent only when there is news worth knowing about. If you wish to sign up, this can be done on the front page of our website. We will not fill your inbox with unwanted emails.

Annual Report 2021 21

Calypso Browning Trust Credit Agricole Eversheds Sutherland

THANK YOU

Northriver Limited

Streets of London

LHA London

OurCovidHeros-This must start with a huge thank you to the members of staff who insisted that the Mission remained open and continues to assist people on a daily basis. Everything that we have managed to achieve during this difficult time would not have been possible without the staff being here each day.

And then, to all of you who have supported us over the past year in so many different ways we say a sincere “Thank you”. Our continued service could not happen without the support you have given us.

We hope that you are proud to be a member of the ‘Whitechapel family’ and that we will be able to count on your continued support for a long time to come. To mention any groups or individuals by name when so many have played a part in our story during the past year is difficult, but we really do need to thank our 5000club partners and supporters for their commitment to our work. The 5000club are those partners and supporters who have backed their giving of gifts and volunteering with a donation of £5,000 or more and their commitment is so important for the continuing work here.

During the past year our 5000club partners were:

Barclays Bank

Deutsche Bank

MCKS Charitable Foundation

CMS Cameron McKenna Nabarro Olswang Worshipful Company of Leathersellers Worshipful Company of Glovers Worshipful Company of Coopers Worshipful Company of Pewterers

Our aim is to serve the homeless and marginalised men and women who have become caught in the cycle of poverty, hopelessness and dependencies of many kinds, and our goal is to see their lives transformed to hope, joy and lasting productivity. Over the past twelve months your help and support has enabled us to reach out and made a difference to those who have nowhere else to turn. Together we are The Whitechapel Mission and together, with your continued help and support, we will keep going towards our goal.

In this Annual Report 2021 we have again tried to give you an insight into the work that goes on here at The Whitechapel Mission each and every day and hopefully you will have gained the sense of the urgency and the importance of what we do for those for whom The Whitechapel Mission and our promise is all they have to hold on to.

As we enter another year of service together, please will you continue to pray for everyone connected to the Whitechapel Mission– the staff, trustees, volunteers, supporters and guests alike.

Dentons LLP

Clarkson Platou

And thank you all once again.

Ashurst LLP

Irwin Mitchell LLP

Annual Report 2021 22

Independent auditors’ report

To the trustees of

Whitechapel Mission

Opinion

We have audited the accounts of The Whitechapel Mission for the year ended 31 October 2021 which comprise the Statement of Financial Activities, The Balance Sheet, The Statement of Cash flows and the notes to the accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the accounts:

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the accounts section of our report. We are independent of the Whitechapel Mission in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the accounts and our auditor’s report thereon. The are responsible for the other information. Our opinion on the accounts does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which the audit was capable of detecting irregularities, including fraud

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion.

There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Other matters which we are required to address

Your attention is drawn to the fact that the charity has prepared accounts in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the accounts to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Begbies

Chartered Accountants and Statutory Auditors

9 Bonhill Street, London, EC2A 4DJ

Begbies is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006

25

The Whitechapel Mission

Statement of financial activities

For the year ended 31 October 2021

For the year ended 31 October 2021
Note
Income from:
Donations and legacies
2
Charitable activities
Contributions for meals and clothing
Key Worker accommodation
Other trading activities
Rental Income - Commercial
Investments
Total income
Expenditure on:
Raising funds:
3
Services to homeless people
3
Key Worker accommodation
3
Total expenditure
4
Transfer between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
11
Net gains/(losses) on investment assets
Net Income/(expenditure)
Charitable activities
Raising funds		 Unrestricted
operating
fund
£
1,431,474
-
126,920
67,700
1,323
1,627,417
103,386
1,188,006
127,969
1,419,361
2,675		 Restricted
property fund
£
-
-
-
-
-
-
-
-
-
-
-		 Endowment
fund
£
-
-
-
-
-
-
-
-
-
-
-		 2021
Total
£
1,431,474
-
126,920
67,700
1,323
1,627,417
103,386
1,188,006
127,969
1,419,361
2,675
210,731
-
210,731
7,226,428
7,437,160		 2020
Total
£
1,155,234
1,795
125,937
55,505
1,322
1,339,795
80,781
997,793
185,058
1,263,632
(3,484)
210,732
-
210,732
351,104
561,836		 -
-
6,863,122
6,863,122		 -
-
12,202
12,202		 72,680
72,680
7,153,748
7,226,428

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 11 to the financial statements.

26

The Whitechapel Mission

Balance sheet

31 October 2021

31 October 2021
Note
Fixed assets
Tangible fixed assets
6
Investments
7
Current assets
Debtors
8
Cash at bank and in hand
Liabilities
9
Net current assets/(liabilities)
Net assets
Funds
10
Restricted funds
Revaluation reserve
Unrestricted funds
Endowment funds
Total charity funds
11
Creditors: amounts falling due		 Unrestricted
operating
fund
£
206,686
43,523
250,209
196,702
309,465
506,167
(194,540)
311,627
561,836
-
-
561,836
-
561,836		 Restricted
property
fund
£
6,863,122
-
6,863,122
-
-
-
-
-
6,863,122
5,740,954
1,122,168
-
-
6,863,122		 Endowment
fund
£
-
-
-
-
12,202
12,202
-
12,202
12,202
-
-
-
12,202
12,202		 2021
£
7,069,808
43,523
7,113,331
196,702
321,667
518,369
(194,540)
323,829
7,437,160
5,740,954
1,122,168
561,836
12,202
7,437,160		 2020
£
7,066,682
40,848
7,107,530
79,179
274,690
353,869
(234,971)
118,898
7,226,428
5,740,954
1,122,168
351,104
12,202
7,226,428

Approved by the trustees on and signed on their behalf by

Michael Spurr, Chair

Keith Aldred, Treasurer

27

The Whitechapel Mission

Statement of financial activities

For the year ended 31 October 2021

Statement of cash flows
2021 2020
£ £
Cash flow from operating activities:
Net cash provided by operating activates 49,745 146,847
Cash flow from investing activities:
Dividends, interest and rent from investments 69,024 56,827
Proceeds from sale of property, plant and equipment
Purchase of property, plant and equipment (71,792) (72,421)
Proceeds from the sale of investments - 18,708
Purchase of investments
Net cash provided by investing activities (2,768) 3,114
Cash flow from financing activities:
Repayments of borrowing
Cash inflows from new borrowing
Receipt of endowment
Net cash provided by financing activities -
Change in cash and cash equivalents in the reporting period 46,977 149,961
Cash and cash equivalents at the beginning of the reporting period 274,690 124,729
Cash and cash equivalents at the end of the reporting period 321,667 274,690
Reconciliation of net income/(expenditure) to net cash flow from operating
Net income/(expenditure) for the year as per the statement of financial 210,731 72,680
Adjustments for:
Depreciation 68,665 58,477
(Gains)/losses on investments (2,675) 3,484
Dividends, interest and commercial rent (69,023) (56,827)
Profit/(loss) on disposal of fixed assets - 2,806
(Increase)/decrease in stock
(Increase)/decrease in debtors (117,523) (11,446)
Increase/(decrease) in creditors (40,431) 77,674
Net cash provided by operating activities 49,745 146,847

The Whitechapel Mission

Notes to the financial statements

For the year ended 31 October 2021

  1. Accounting policies

  2. a) Statutory information The Whitechapel Mission is an unincorporated charity registered with the Charity Commission in England & Wales as established by the Model Trust deed of the Methodist Church of 1932, dated 15th December 1932 as amended 30th August 1967 and 2nd N b 1994

  3. b) Basis of preparation

The accounts have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The accounts have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

c) Going concern At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the charity continues to adopt the going concern basis of accounting in preparing the accounts. The Mission also has promises of support if needed from the Methodist Church amounting to £50,000 in total. Therefore the trustees consider the going concern basis to be appropriate. The Mission remained open during the Covid 19 pandemic and continued to serve meals to beneficiaries.

Voluntary income including donations, gifts and grants that provide core funding or are of general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when the donor specifies that the grant or donation must only be used in future accounting periods: or the donor has imposed conditions which must be met before the charity has unconditional entitlement. Gift Aid due on donations is included in the year in which the donation is received.

Income from charitable activities are sums received from carrying out the charity's objects. Income is comprised of rent from key worker accommodation accounted for on a receivable basis and contributions by beneficiaries for food and other items accounted for on receipt. Income from commercial rentals is funds received from letting part of the main church building which is in commercial use.

Income from investments is comprised of bank interest. Interest is recognised on a receivable basis.

e) Resources expended

Expenditure is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where support costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Support costs are general administrative overheads which are not allocable to specific charitable activities. Governance costs are included as an element of general support costs. Governance costs include the cost of the preparation and audit of the statutory accounts, the cost of trustees' meetings and any legal advice to trustees on governance or constitutional matters. Both support and general governance costs have been allocated 75% to services to homeless people, 20% to the provision of key The charity is not VAT registered and all expenses include applicable VAT.

In accordance with the SORP the value of services provided by general volunteers is not incorporated into these financial statements. Further details of the contribution made by volunteers can be found in the trustees' annual report.

1. Accounting policies (continued)

h) Donated goods

The Whitechapel Mission receives donations of food, toiletries bedding and clothing.

The SORP requires the valuation of donated good at fair value. Distributing and using donated goods in its service provision is an important part of the Mission's work, but it is difficult to place an accurate value on the donations.

The charity includes donated food and toiletries used in the delivery of services at the cost the charity estimates that it would pay for such goods if they were not donated. This assessment of value includes the bulk and trade discounts available for the large quantities of supplies used which may not be available to the original donor.

29

The Whitechapel Mission

Notes to the financial statements

For the year ended 31 October 2021

The charity includes donated clothing, bedding and other good distributed to beneficiaries at an estimate of value based on the volume of gifts received and used, compared to the volume of gifts recycled. A value is then estimated based on the price the charity could formerly obtain for that recycling. The charity receives both new and second items and there is no practical way in which the charity can more accurately assess the value of these donations, less the costs of collecting them from the donor where applicable, without using disproportionate resources in the calculation of a different estimate. Some donated items may be held in stock where multiple similar items are donated at the same time. No valuation is given to stock held at the year end which is not thought to be material to the user of the account.

A small proportion of the clothing received is not suitable for distribution. Where this is the case, funds received from the recycling sales were recognised as donations at the time of sale. From January 2020 it was not possible to sell recycled clothing, but from July 2021 sales resumed.

i) Tangible fixed assets

Tangible fixed assets are included at their historical cost, except for the property occupied by the charity which is at an estimated value based on the value for insurance purposes as at 1st November 2015. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Motor vehicles 20% straight line
Equipment and furniture 10% straight line
Computer equipment: laptops 25% straight line
Computer equipment: desktops 33.33% straight line

No depreciation is provided on the property as the residual value is considered to be above the carrying value shown in the accounts. The property is reviewed annually for impairment.

j) Listed investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in fair value will be recognised in the statement of financial activities. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading “Net gains/(losses) on investments” in the statement of financial activities. The charity does not acquire put options, derivatives or other complex financial instruments.

k) Taxation

The charity is exempt from tax on its charitable activities.

l) Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. The unrestricted funds in the financial statements all relate to operating activity.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a particular restricted purpose, or from the donation of assets which have restrictions placed on their use. The restricted funds in the financial statements relate to the charity's property, donated for use in delivering the charity's main activities.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Endowment funds are received from donors where the terms specify that the capital of the fund should be held in perpetuity, but income earned may be applied to the charity's objects.

2. Donations and legacies

Donations and legacies
Donations from individuals
Gift Aid donations
Legacies
Fundraising activities
Total
including food, clothing and toiletries
Donated clothing recycled
Donations from companies and charitable trusts
Estimate of the value of gifted provisions		 2021
Total
£
190,202
346,476
25,000
459,296
368,519
1,865
40,116
1,431,474		 2020
Total
£
160,599
376,301
2,000
396,758
200,506
-
19,070
1,155,234

30

The Whitechapel Mission

Notes to the Financial Statements

For the year ended 31 October 2021

Analysis of expenditure
Staff costs (Note 5)
Motor and travel
Purchased provisions including food,
Estimate of the value of gifted provisions
Subscriptions
Depreciation of fixed assets
Premises maintenance
Administration
Communications
Audit and professional fees
Support costs
Governance costs
Total expenditure 2021
Total expenditure 2020		 Raising funds Charitable activities Governance
costs
£
-
-
-
-
-
-
-
-
-
5,040		 Support costs
£
183,913
-
-
-
-
-
-
71,523
-
-		 2021
Total
£
603,346
9,112
131,094
368,519
4,983
68,665
97,971
71,523
53,851
10,298		 2020
Total
£
510,300
13,892
121,945
200,506
2,340
58,478
225,325
67,915
52,275
10,656
Raising funds
£
68,771
2,733
9,531
-
1,495
-
4,899
2,693
-		 Commercial
rentals
£
-
-
-
-
-
-
-
-
240		 homeless
people
£
338,479
6,378
121,563
368,519
3,488
54,932
53,884
40,388
5,018		 Key worker
accommodation
£
12,183
-
-
-
13,733
39,188
10,770
-
90,122
12,772
252		 240
-
-		 992,649
191,577
3,780		 75,874
51,087
1,008		 5,040
-
(5,040)		 255,436
(255,436)
-
103,146 240 - -
79,674 1,107 997,793 185,058 - -

All expenditure was unrestricted across both years

31

The Whitechapel Mission

Notes to the Financial Statements

For the year ended 31 October 2021

3 Analysis of expenditure - prior year comparative

Staff costs (Note 5)
Motor and travel
Purchased provisions including food,
Estimate of the value of gifted provisions
Subscriptions
Depreciation of fixed assets
Premises maintenance
Administration
Communications
Audit and professional fees
Support costs
Governance costs
Total expenditure 2020		 Raising funds Raising funds Charitable activities Charitable activities Governance
costs
£
-
-
-
-
-
-
-
-
-
5,100		 Support costs
£
61,236
-
-
-
-
-
-
67,915
-
-		 2020
Total
£
510,300
13,892
121,945
200,506
2,340
58,478
225,325
67,915
52,275
10,656
1,263,632
-
-
1,263,632
Raising funds
£
45,927
4,167
8,284
-
702
-
11,266
2,614
-		 Commercial
rentals
£
-
-
-
-
-
-
-
-
1,107		 homeless
people
£
357,210
9,724
113,660
200,506
1,638
46,782
123,929
39,206
4,449		 Key worker
accommodation
£
45,927
-
-
-
11,696
90,130
10,455
-
72,961
6,458
255		 1,107
-
-		 897,104
96,863
3,825		 158,208
25,830
1,020		 5,100
-
(5,100)		 129,151
(129,151)
-
79,674 1,107 997,793 185,058 - -

All expenditure was unrestricted across both years

32

The Whitechapel Mission

Notes to the financial statements

For the year ended 31 October 2021

4. Net expenditure for the year

This is stated after charging / crediting:

This is stated after charging / crediting:
2021 2020
£ £
Interest payable - -
Depreciation 68,665 58,478
Trustees' remuneration - -
Trustees' reimbursed expenses - 55
Auditors' remuneration:
§ Audit (excl. VAT) 4,200 4,200

Trustees' reimbursed expenses represents the reimbursement of travel and subsistence costs to nil (2020: two)

  1. Staff costs and numbers

Staff costs were as follows:

Staff costs were as follows:
Salaries and wages
Social security costs
Pension contributions
Total emoluments paid to staff were:		 2021
£
534,424
46,403
22,520
603,346
556,943		 2020
£
446,737
43,992
19,571
510,300
466,308

Total emoluments paid to staff were:

Emoluments were paid to the wife and daughter of the CEO, under a contract of employment with the charity agreed by the Trustees and at a salary set by the Trustees. Further details can be found in note 13.

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the statement of financial activities in the period to which they relate. During the year the charity's employees received independent advice regarding the new auto-enrolment pension scheme and provision has been made for the contributions due for those who have decided to join the scheme.

One employee earned between £60,000 and £70,000 during the year (2020: none). £2,635 was made in employer's pension contributions during the year on behalf of this employee.

The average weekly number of employees (full-time equivalent) during the year was as follows:

33

The Whitechapel Mission

Notes to the financial statements

For the year ended 31 October 2021

Head count Full time equivalent
2021 2020 2021 2020
No. No. No. No.
Employees 16 15 16 14
6. Tangible fixed assets
Land and Fixtures and Motor vehicles Computer Totals
£ £ £ £ £
Cost
At the start of the year 6,863,122 183,666 65,582 119,441 7,231,811
Additions in year 12,052 - 59,740 71,792
Disposals - - - - -
At the end of the year 6,863,122 195,718 65,582 179,181 7,303,603
Depreciation
At the start of the year - 52,797 34,906 77,426 165,129
Charge for the year 17,647 10,728 40,291 68,665
Disposals - - - - -
At the end of the year - 70,444 45,634 117,717 233,794
Net book value
At the end of the year 6,863,122 125,274 19,948 61,464 7,069,808
At the start of the year 6,863,122 130,869 30,676 42,015 7,066,682

The building occupied by the charity is held by the Trustees for Methodist Church Purposes (TMCP) as custodian

7. Investments

Investments
Market value at the year start
Withdrawal from investment
Unrealised gain / (loss)
Market value at the year end
Cash
Pooled investments		 2021
£
40,848
-
2,675
43,523
42,039
1,485		 2020
£
63,040
(18,708)
(3,484)
40,848
1,031
39,817

34

The Whitechapel Mission

Notes to the financial statements

For the year ended 31 October 2021

43,523 40,848

There were no investment assets held outside the UK

The investments are in pooled investment vehicles held by the Trustees for Methodist Church Purposes (TMCP) as custodian trustees. The valuations, at market value, are those provided by TMCP. The unrealised gains arising on investments at the end of the year are shown in the SOFA and in Note 11 below.

The investment exposes the charity principally to market price risk, but also to currency, credit and liquidity risk. By using the pooled investment vehicles of the TMCP the charity can access the diversification of investments, professional investment management expertise and appropriate ethical investment ethos which would be difficult to access elsewhere and reduces the risk to the charity.

8. Debtors and prepayments

Debtors and prepayments
Trade debtors
Other debtors		 2021
£
74,885
121,818
196,702		 2020
£
31,409
47,770
79,179

Other debtors contains a multi-year unrestricted grant of which £20,000 (2020: £30,000) remained outstanding at the balance sheet date. The charity is due to receive £10,000 for each of the next two years. Other debtors also includes the cost of a new donation collection vehicle and trailer which had yet to be delivered at the year end and are also reflected in trade crediors.

9. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Taxation and social security
Accruals and deferred income
Other creditors		 2021
£
79,418
16,626
42,533
55,963
194,540		 2020
£
56,771
15,170
52,331
110,699
234,971

Deferred income of £29,449 (2020 £29,449) represents rent received in advance for the following quarter.

10a. Analysis of net assets between funds (current year)

General Restricted Endowment Total funds
£ £ £ £

35

The Whitechapel Mission

Notes to the financial statements

For the year ended 31 October 2021

10b.
11a.
Movements in funds (current year)
At the start of
the year
£
Restricted & endowment funds
Endowment funds
12,202
Revaluation reserve
1,122,168
5,740,954
Total restricted funds
6,875,324
Unrestricted funds
Operating fund
351,104
Total funds
7,226,428
11b.
Movements in funds (prior year)
At the start of
the year
Tangible fixed assets
Investments
Net assets at 31 October 2020
Tangible fixed assets
Investments
Net current assets/(liabilities)
Analysis of net assets between funds (prior year)
Net current assets
Land and buildings
Net assets at 31 October 2021		 206,686
43,523
311,627
561,836
General
£
203,560
40,848
106,696
351,104
Incoming
resources
£
-
-
-
-
1,627,417
1,627,417
Incoming
resources		 6,863,122
-
-
6,863,122
Restricted
£
6,863,122
-
-
6,863,122
Outgoing
resources and
£
-
-
-
-
(1,419,361)
(1,419,361)
resources and
transfers		 -
-
12,202
12,202
Endowment
£
-
-
12,202
12,202
Gains on
Investments
£
-
-
-
2,675
2,675
Gains on
Investments		 7,069,808
43,523
323,829
7,437,160
Total funds
£
7,066,682
40,848
118,898
7,226,428
At the end of
the year
£
12,202
1,122,168
5,740,954
6,875,324
561,836
7,437,160
At the end of
the year

36

The Whitechapel Mission

Notes to the financial statements

For the year ended 31 October 2021

Restricted & endowment funds
Endowment funds
Donation to buy furniture
Revaluation reserve
Total restricted funds
Unrestricted funds
Operating fund
Total funds
Land and buildings		 £
12,492
-
1,122,168
5,740,954
6,875,614
278,134
7,153,748		 £
-
-
-
-
1,339,795
1,339,795		 £
-
-
-
-
-
(1,263,632)
(1,263,632)		 £
(290)
-
-
(290)
(3,194)
(3,484)		 £
12,202
-
1,122,168
5,740,954
6,875,324
351,104
7,226,428

11. Movements in funds (current year)\continued

Purposes of restricted funds

Included in fixed assets are land and buildings from which Whitechapel Mission operate, for which the title is held by the Trustees for Methodist Church Purposes (TMCP).

These assets have been included in the accounts of Whitechapel Mission as a restricted fund. Although the Whitechapel Mission have full use of the asset, for the current purposes the property does have to be returned to the control of TMCP if it is no longer used for those purposes. This obligation is in the nature of a restriction on the use of the asset and therefore this has been reflected in the accounts by treating the gift of the property as a restricted fund. The TMCP confirmed this is the correct legal position. The balance on the restricted fund therefore reflects the

Purposes of endowment funds

The endowment funds represent funds provided by the C.T. Catlin Bequest. The money is invested to generate income which may be used without restriction, but the endowment is permanent and the capital may not be spent.

12. Comparative information

The SOFA for the previous year, is as follows:

Comparative information
The SOFA for the previous year, is as follows:
Unrestricted Endowment 2020
£ £ £
Donations and legacies 1,155,234 - 1,155,234
Charitable activities

37

The Whitechapel Mission

Notes to the financial statements

For the year ended 31 October 2021

year ended 31 October 2021
Contributions for meals and clothing
Key Worker accommodation
Other trading activities
Rental Income - Commercial
Investments
Total income
Expenditure on:
Raising funds:
Commercial rentals
Services to homeless people
Key Worker accommodation
Total expenditure
Transfer between funds
Net movement in funds
Net Income/(expenditure)
Raising funds
Charitable activities
Net gains/(losses) on investment assets		 1,795
125,937
55,505
1,322
1,339,795
80,781
997,793
185,058
1,263,632
(3,194)		 -
-
-
-
-
-
-
-
-
(290)		 1,795
125,937
55,505
1,322
1,339,795
80,781
-
997,793
185,058
1,263,632
(3,484)
72,680
-
72,680
72,970
-
72,970		 (290)
-
(290)

13. Related party transactions

No trustee received a salary, benefits, travel expenses or other emoluments during the year.

No trustees donated restricted funding in the current or prior year. Unrestricted donations totalled £3,070 (2020: £3,540).

The charity has close links to the Methodist Church who also retain legal ownership of the Mission's freehold building. No Methodists grants were received during the year (2020 No Methodists grants were received ).

Key management comprises the two most senior employees: the chief executive and the manager of the centre. Salaries, employer's national insurance and employer's pension for key management totalled £121,837 (2020: £117,458). Key management are required to live in the Mission building in accommodation provided by the charity. The daughter of the key managment also worked in the charity during the year in the communicatiosn team and earned £45,924 including employer's pension and National Insurance contributions (2020 £20,933, part year

38

The Whitechapel Mission

Notes to the financial statements

For the year ended 31 October 2021

Staff loans to key management at the year end stood at £1,148 (2020: £2,500).

No separate trustee insurance was purchased during the year.

39

p