2021-03-31-accounts - Barking And Ilford United Charities -Estate Charity

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REGISTERED CHARITY NUMBER: 252133

Report of the Trustees and Financial Statements for the Year Ended 31 March 2021 for BARKING AND ILFORD UNITED CHARITIES

Independent examinerfs report to the trustees of Barking and Ilford United Charities I report to the trustees on my examination of the accourrts of the Barking and Ilford United Charit5 for the year ended 31 March 2021. Responsibillties and basis of report As the charity trustees of the Trnst you are responsible forthe Pfeparation of the accounts in accordance with the requirement5 of the Charities Act 2011 {'the ACV). I repon in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carrying out my examinatron I have flOwed all the applicable DirertlOll5 given by the Charity Commission under section 14515llbl of the ACL Independent èxamtnerfs statement I have completed my examination_ I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect= l. accounting records were not kept in respect of the Tmst as required by section 130 0* the Act: or 2. the accounts do not accord wtth those records- or 3. the accounts do not comply wrth the applicable requirements concerning the form and content of accounts Set out in the Charities IAccottrnts and Reports) Regulations 2008 other than any requirement that the accounts give a'true and fair view which is not a matter considered as part of an indeperbdent examination. I have no concerns and have come auoss no othÈr matters tn connection wtth the examination to which attention should be drawn in this rÈw)rt in order to enable a propÈr understanding of the accounts to be reached. Signed.. Name: Michael Lomotey. FCG Address= Fred Michael & Co Ltd. 216 High Road. Chadwell Heath. RM6 6LS Date.. 30-0 1.101 Pa3e 1

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Barking and Ilford Charities Charity No
(if any) 252133
Annual accounts for the period
Period end
Period start date 1-Apr-20 To date 31-Mar-21
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Section A Statement of financial activities

Recommended categories by activity

Incoming resources

Income and endowments from:

Extraordinary Repair fund-Charinco shares (Reinvested) London Borough of Braking and Dagenham:Housing benefit Occupant's contributions The National Association of Almshouses Common Investment Fund-Income shares HMRC Employment Allowance Grant Other

Total

	Restricted	Restricted
Unrestricted	income		Endowment						Prior year
funds	funds		funds		Total funds				funds
£	£		£			£			£
F01	F02		F03			F04			F05


		-		-				-
22,804		-		-		22,804			34,745
124,077		-		-		124,077			102,700

447		-					447		447
		-		-				-	-
-		-		-				-	-
147,327		-		-		147,327			137,891

Resources expended

Expenditure on:

Accountancy fees

Alarm lines

Bank charges & interest Council Tax

Electricity General management costs General repairs and maintenance Heating: Fuel oil Honoria-secretarial Insurance and subscription Miscelllaneous expenses Warden's & Assitant Warden's costs Water and sewerage costs Depreciation-equipments

Charitable activities

Separate material item of expense

Other

Total

Net income/(expenditure) before investment gains/(losses)

Net gains/(losses) on investments

Net income/(expenditure) Extraordinary items

Transfers between funds Other recognised gains/(losses):

Gains and losses on revaluation of fixed assets for the charity’s own use Other gains/(losses)

Net movement in funds

Reconciliation of funds:

Total funds brought forward

Total funds carried forward

	400	-	-		400
		-	-		-
	104	-	-		104	136
	247	-	-		247	561
	11,095	-	-		11,095	9,342
	10,304	-	-		10,304	9,550
	67,460	-	-		67,460	60,000
	10,080	-	-		10,080	16,062
		-	-		-
	2,056	-	-		2,056	2,333
	1,981	-	-		1,981	200
	7,027	-	-		7,027	7,000
-	973	-	-	-	973	435
	27,776	-	-		27,776	27,776
		-	-		-
		-	-		-
		-	-		-
	-	-	-		-	-
	137,555	-	-		137,555	133,396


	9,772	-	-		9,772	4,495
	-	-	-		-	-
	9,772	-	-		9,772	4,495
	-	-	-		-	-
	-	-	-		-	-

	-	-	-		-	-
	-	-	-		-	-
	9,772	-	-		9,772	4,495

	180,825	-	-		180,825	176,329
	190,597	-	-		190,597	180,825

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Section B Balance sheet Unrestricted income End0ert funds Totsl last par Total thls Fixed assets CHARINCO: k¢umulation shares (Note 151 Charity's oifictal Investment Fund (Note 141 Equipments l Heating Sysytem) Investments INote In Total frAedassets F01 F02 F04 F05 20.361 20,361 20,361 222 27.T16 222 27.7T6 222 55,553 76.137 Current assets Barclays 8ank<urrent National Savings Bank-inveslment account Invgstments Other debtors Cash at bank and in hand (Note 241 144.767 144.767 106,485 1,461 1.461 1,461 (Note 17.4) 500 500 500 Total currentassets ,729 108,446 Credltorn: amounts falllng due vAthln one year (Note 20) 4,492 4.492 3.758 Net current assetsl(liabilities) 142.237 104,889 Totalassets less cuffent Ilablllues 180,825 Creditors: amounts falling due after one year {Nots 20) Proviyions for Ilabilities Total net assèts orliabllllies Funds of the Charity Endovmient funds 190,597 190,597 180.825 Restrlcted income funds Unrestricted funds Rgvaluation reser¥8 190,597 190,597 180,825 Total funds 190.597 180,825 Signed by one ortwo trustee8 on behaff ol a the trustees Date of approval ddltnml sTraTe Print Name Zi/0 Qb(iorA*J QLo¥

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities
• and with*  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
the Financial Reporting Standard applicable in the United Kingdom and Republic of
• and with* Ireland (FRS 102)
and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the charity is a going concern;

Disclosure of any uncertainties that make the going concern assumption doubtful;

Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

Not applicable Not applicable Not applicable

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1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in notes.

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Yes 
-Tick as appropriate
No
Please disclose:
(i) the nature of the change in accounting policy; Not applicable
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information; Not applicable
and
(iii) the amount of the adjustment for each line affected Not applicable
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS 102 SORP.
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1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes No		* -Tick as appropriate

Please disclose:

*Please disclose:*
*(i) the nature of any changes;*	Not applicable
*(ii) the effect of the change on income and expense or* *assets and liabilities for the current period; and*	Not applicable
*(iii) where practicable, the effect of the change in one or*	*Not applicable*
*more future periods.*

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1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

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Yes
-Tick as appropriate
No 
Please disclose:
(i) the nature of the prior period error; Not appplicable
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and
Not appplicable
(iii) the amount of the correction at the beginning of the Not appplicable
earliest prior period presented in the accounts.
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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

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This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a
different or additional policy has been adopted then this is detailed in the box below.
Recognition of income These are included in the Statement of Financial Activities (SoFA) when:
 the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and Yes No N/a
 the monetary value can be measured with sufficient reliability. 
Yes No N/a
There has been no offsetting of assets and liabilities, or income and expenses, unless required
Offsetting or permitted by the FRS 102 SORP or FRS 102. 
Yes No N/a
Grants and donations are only included in the SoFA when the general income
Grants and donations recognition criteria are met (5.10 to 5.12 FRS102 SORP). 
Yes No N/a
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP). 
Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has Yes No N/a
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the 
charity or have been met.
Yes No N/a
Government grants The charity has received government grants in the reporting period

Gift Aid receivable is included in income when there is a valid declaration from the
Tax reclaims on donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift Yes No N/a
donations and gifts and is treated as an addition to the same fund as the initial donation unless the donor or

the terms of the appeal have specified otherwise.
Yes No N/a
Contractual income and
This is only included in the SoFA once the charity has provided the related goods or
performance related services or met the performance related conditions. 
grants
Yes No N/a
Donated goods are measured at fair value (the amount for which the asset could be
Donated goods
exchanged) unless impractical to do so. 
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
Yes No N/a
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised 
as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
Yes No N/a
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading 
activities'.
Yes No N/a
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable. 
Yes No N/a
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable. 
Yes No N/a
Donated services and Donated services and facilities are included in the SOFA when received at the value of
facilities the gift to the charity provided the value of the gift can be measured reliably. 
Donated services and facilities that are consumed immediately are recognised as Yes No N/a
income with an equivalent amount recognised as an expense under the appropriate

heading in the SOFA.
Yes No N/a
Support costs The charity has incurred expenditure on support costs.

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2.4 ASSETS Intangible fixed assets Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. They are valued at cost. Volunteer help These are capitalised if they can be used for more than one year, and cost at least The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Investment gains and losses The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fixed assets for use by charity The depreciation rates and methods used are disclosed in note 9.2. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.		Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a 

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Heritage assets The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. They are valued at cost. Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net progress realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Debtors (including trade debtors and loans receivable) are measured on initial recognition at Debtors settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. The charity has has investments which it holds for resale or pending their sale and cash and Current asset cash equivalents with a maturity date less than one year. These include cash on deposit and investments cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due.

They are valued at fair value except where they qualify as basic financial instruments.

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Yes No N/a

Yes No N/a

Yes No N/a

Yes No N/a

Yes No N/a

Yes No N/a

Yes No N/a

Yes No N/a

Yes No N/a

Yes No N/a

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Section C Notes to the accounts

Note 3 Details of certain items of expenditure

3.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees	This year Last year £ £ 0 0 0 0 0 0

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Section C Notes to the accounts (cont)

Note 4 Paid employees

Please complete this note if the charity has any employees.

4.1 Staff Costs

Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits

Total staff costs	This year Last year £ £ 7,026 7,000 - -
	7,026 7,000

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Not applicable

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

None

Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity Band £90,000 to £99,999 £100,000 to £109,999 £60,000 to £69,999 £80,000 to £89,999 £70,000 to £79,999	Not applicable Number of employees Not applicable Not applicable Not applicable Not applicable Not applicable

4.2 Average head count in the year

The parts of the charity in which the employees work

Fundraising Charitable Activities Governance Other Total	This year Last year Number Number - - - - - - 1 1
	1 1

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4.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the payment

Please state the legal authority or reason for making the payment

Not applicable Not applicable

Please state the amount of the payment (or value of any waiver of a right to an asset)

Not applicable

4.4 Redundancy payments Please complete if any redundancy or termination payment is made in the period.

Total amount of payment

The nature of the payment (cash, asset etc.)

The extent of redundancy funding at the balance sheet date

Not applicable Not appplicable Not applicable

Please state the accounting policy for any redundancy or termination payments

Not applicable

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Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

Note 14 Tangible fixed assets *Please complete this note if the charity has any tangible fixed assets* 14.1 Cost or valuation	ts *tangible fixed assets*
Freehold land & buildings Other land & buildings £ £ At the beginning of the year - - Additions - - Revaluations - - Disposals - - Transfers - - At end of the year - - Basis* SL or RB (Straight Line or Reducing Balance) SL or RB Rate At beginning of the year - - Disposals - - Depreciation - - Impairment - - Transfers - - At end of the year - - Net book value at the beginning of the year - - Net book value at the end of the year - - 14.4 Impairment This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. 14.2 Depreciation and impairments 14.3 Net book value*	Freehold land & buildings Other land & buildings £ £ - - - - - - - - - -	Plant, machinery and motor vehicles Fixtures, fittings and equipment Total £ £ £ - 137,382 137,382 - - - - - - - - - - - -
	- -	- 137,382 137,382
		SL or RB SL or RB SL or RB 5 yrs SL - 81,829 81,829 - - - - 27,776 27,776 - - - - - -
	- -	- 109,606 109,606

	- - - -	- 55,553 55,553 - 27,776 27,776

Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

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14.5 Revaluation
the methods applied and significant assumptions
the name of independent valuer, if applicable
If an accounting policy of revaluation is adopted, please provide:
the carrying amount that would have been recognised had the assets been
carried under the cost model.
the effective date of the revaluation
14.6 Other disclosures
(i) Please state the amount of borrowing costs, if any, capitalised in the construction of
tangible fixed assets and the capitalisation rate used.
(ii) Please provide the amount of contractual commitments for the acquisition of tangible
fixed assets.
(iii) Details of the existence and carrying amounts of property, plant and
equipment to which the charity has restricted title or that are pledged as
security for liabilities.

This year
Last year
N/A
N/A
N/A
N/A
- -
This year
Last year
£
£
N/A
N/A
N/A
N/A
N/A
N/A

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

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Section C Notes to the accounts (cont)

Note 6 Investment assets

Please complete this note if the charity has any investment assets.

6.1 Fixed assets investments (please provide for each class of investment)

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Cash & cash Listed Investment Social
Other Total
equivalents investments properties investments
- 20,583 - - - 20,583
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- 20,583 - - - 20,583
Not applicable
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Carrying (fair) value at beginning of period

Add: additions to investments during period Less:* disposals at carrying value

Less: impairments

Add: Reversal of impairments

Add/(deduct): transfer in/(out) in the period Add/(deduct): net gain/(loss) on revaluation Carrying (fair) value at end of year

*Please specify additions resulting from acquisitions through business combinations, if any.

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

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6 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

Analysis of investments Cash or cash equivalents Investment properties Other investments Total Social investments Grand total (Fair value at year end+Cost less impairment) Listed investments	- - - - - - Cost less impairment 20,583 - Fair value at year end £ - £ -
	- 20,583

6.3 If your charity holds investment properties, please complete the following note:

(i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity (ii) Name or independent valuer, if applicable, and relevant qualifications

(iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds

(iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements

Not applicable Not applicable Not applicable Not applicable

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6.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

Analysis of current asset investments

Cash or cash equivalents Listed investments Investment properties Social investments Other investments Total

This year		Last year
£		£
	-		-
	-		-
	20,583		20,583
	-		-
	-		-
	-		20,583

6.5 Guarantees

Please provide details and amount of any guarantee made to or on behalf of a third party

Name of the entity or entities benefitting from those guarantees

Not applicable Not applicable Not applicable

Please explain how the guarantee furthers the charity's aims

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Section C Notes to the accounts (cont)

Note 7 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

7.1 Analysis of creditors

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Amounts falling due Amounts falling due after
within one year more than one year
This year Last year This year Last year
£ £ £ £
Accruals for grants payable - - - -
Bank loans and overdrafts - - - -
Trade creditors - - - -
Payments received on account for contracts or
performance-related grants - - - -
Accruals and deferred income - - - -
Taxation and social security - - -
Other creditors 4,492 3,758 - -
Total 4,492 3,758 - -
7.2 Deferred income
Please complete this note if the charity has deferred income.
Please explain the reasons why income is deferred.
Not applicable
Movement in deferred income account This year Last year
£ £
Balance at the start of the reporting period - -
Amounts added in current period - -
Amounts released to income from previous periods - -
Balance at the end of the reporting period - -
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Page 18

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total

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This year Last year
£ £
- -
- -
146,729 108,446
- -
146,729 108,446
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