2023-03-31-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 2023 for BARKING AND ILFORD UNITED CHARITIES

Independent Examiner’s Report to the Trustees of Barking and Ilford United Charities

I report to the trustees on my examination of the accounts of the Barking and Ilford United Charities for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity

Independent examiner’s 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:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts 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 independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be

Signed:

Name: Michael Lomotey FCCA Address: Fred Michael & Co Ltd.

216 High Road, Chadwell Heath, RM6 6LS.

Date : 27/02/2024

Page 1

Barking and Ilford Charities Charity No (if any) 252133 Annual accounts for the period Period end Period start date To 1-Apr-22 date 31-Mar-23

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


		-		-				-
27,986		-		-		27,986			22,191
131,480		-		-		131,480			135,213

447		-					447		421
		-		-				-	-
-		-		-				-	-
159,912		-		-		159,912			157,825

Resources expended

Expenditure on:

Accountancy fees Alarm lines Bank charges & interest Council Tax Donations 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

500	-	-	500	2,510
	-	-	-
110	-	-	110	153
	-	-	-	41
750		-	750	1,000
16,299	-	-	16,299	17,253
14,710	-	-	14,710	10,309
37,132	-	-	37,132	68,479
21,722	-	-	21,722	13,562
	-	-	-
2,377	-	-	2,377	3,766
2,696	-	-	2,696	1,542
7,590	-	-	7,590	7,140
-	-	-	-
	-	-	-	27,776
	-	-	-
	-	-	-
	-	-	-
-	-	-	-	-
103,886	-	-	103,886	153,530

56,026	-	-	56,026	4,295
-	-	-	-	-
56,026	-	-	56,026	4,295
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
56,026	-	-	56,026	4,295

194,891	-	-	194,891	190,597
250,917	-	-	250,917	194,891

Page 2

Section B Balance sheet TO 188t yaar fvndB J8 Totsl thIB yw Fixed assots CHARIN¢O: Ac¢umulallon sharps (Note 181 Charws Officlal Investment Fund (Note 141 E4uipmen¢s { Heating SyternI InstMents (Note 17 FOI F02 FIX3 F04 Ft6 20.361 20.361 20.361 20 Current assets Barclays 8ank4urrent National Savlngs 8ankryiBve8lJnent account Investments othor debtors Co$h at bank and In hand INol• 241 228.3f3 228.373 172,346 1.461 1.461 {N4)te 17AI 230 334 174 308 Cr8diiorn: amounts famlng due within on• ar (Nole 201 230 174 250 194 Crgditor5: amounts faffing due after one year INote 20) Provisions for liabtliliÈs 250.917 250,917 Funds ofthe Charfty Endowmentfunds RastrKted Income fund Unrgstrictsd fund$ Re¥aluation re5ew¥e 250.917 2Y).917 194.891 Total fimds 250,917 50917 SJnad by crE or tre$ on behofal Date of 8pt*oval Prinl Nwne PwJe 3

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
•	and	with*				the Financial Reporting Standard applicable in the United Kingdom and Republic of 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 Not applicable the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the Not applicable going concern assumption doubtful; Where accounts are not prepared on a going Not applicable 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.

1.3 Change of accounting policy

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

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).

----- Start of picture text -----
Yes
-Tick as appropriate
No 
Please disclose:
(i) the nature of any changes; Not applicable
(ii) the effect of the change on income and expense or
Not applicable
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or Not applicable
more future periods.
1.5 Material prior year errors
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
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.
----- End of picture text -----

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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

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
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.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Support costs
The charity has incurred expenditure on support costs.
Volunteer help
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
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'.
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.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
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
 the monetary value can be measured with sufficient reliability.
Donated goods
Contractual income and
performance related
grants
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
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
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.
Government grants
The charity has received government grants in the reporting period
Tax reclaims on
donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift 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.
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
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 services and
facilities
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
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.
Investment gains and
losses

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

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a


Page 6

2.3 EXPENDITURE AND LIABILITIES

2.4 ASSETS
Intangible fixed assets
Heritage assets
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
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.
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.
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.
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.
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
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.
Stocks and work in
progress
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
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
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
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.
Current asset investments
The charity has has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and 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.

Page 7

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 £ £ 250 0 250 0 0 0

Page 8

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

4.1 Staff Costs
		This year			Last year
		£			£
Salaries and wages			7,590			7,140
Social security costs
Pension costs (defined contribution scheme)
Other employee benefits				-		-
	Total staff costs		7,590			7,140

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

Band	Number of employees
£60,000 to £69,999	Not applicable
£70,000 to £79,999	Not applicable
£80,000 to £89,999	Not applicable
£90,000 to £99,999	Not applicable
£100,000 to £109,999	Not applicable

Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity

4.2 Average head count in the year The parts of the charity in which the employees work

Not applicable


Fundraising		-	-
Charitable Activities		-	-
Governance		-	-
Other		1	1
	Total	1	1

Page 9

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

Not applicable Not applicable Not applicable

4.4 Redundancy payments

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

Total amount of payment Please state the accounting policy for any redundancy or termination payments The extent of redundancy funding at the balance sheet date The nature of the payment (cash, asset etc.)	Not applicable Not applicable Not applicable Not appplicable

Page 10

Section C Notes to the accounts (cont)

----- Start of picture text -----
Note 14 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
14.1 Cost or valuation
Freehold land & Other land & Plant, Fixtures, fittings Total
buildings buildings machinery and and equipment
motor
vehicles
£ £ £ £ £
At the beginning of the year - - - 137,382 137,382
Additions - - - - -
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year - - - 137,382 137,382
14.2 Depreciation and impairments
Basis SL or RB (Straight SL or RB SL or RB SL or RB SL or RB
Line or Reducing
Balance)
Rate 5 yrs SL
At beginning of the year - - - 137,382 137,382
Disposals - - - - -
Depreciation - - - -
Impairment - - - - -
Transfers - - - - -
At end of the year - - - 137,382 137,382
14.3 Net book value
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.
Last year: Please provide a description of the events and circumstances that
led to the recognition or reversal of an impairment loss.
14.5 Revaluation
If an accounting policy of revaluation is adopted, please provide: This year Last year
N/A N/A
the effective date of the revaluation
N/A N/A
the name of independent valuer, if applicable
the methods applied and significant assumptions
the carrying amount that would have been recognised had the assets been - -
carried under the cost model.
14.6 Other disclosures
This year Last year
£ £
(i) Please state the amount of borrowing costs, if any, capitalised in the construction of N/A N/A
tangible fixed assets and the capitalisation rate used.
(ii) Please provide the amount of contractual commitments for the acquisition of tangible N/A N/A
fixed assets.
(iii) Details of the existence and carrying amounts of property, plant and N/A N/A
equipment to which the charity has restricted title or that are pledged as
security for liabilities.
----- End of picture text -----*

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.

Page 11

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)

Cash & cash equivalents Listed investments Investment properties Social investments Other Total Carrying (fair) value at beginning of period - 20,583 - - - 20,583 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 - 20,583 - - - 20,583 Please specify additions resulting from acquisitions through business combinations, if any. Not applicable	Cash & cash equivalents Listed investments Investment properties Social investments Other Total - 20,583 - - - 20,583 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Cash & cash equivalents Listed investments Investment properties Social investments Other Total - 20,583 - - - 20,583 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
	-	20,583 - - - 20,583
		Not applicable

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.

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

Page 12

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

sheet.
Analysis of current asset investments Cash or cash equivalents Investment properties Social investments 6.5 Guarantees Listed investments 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 Please explain how the guarantee furthers the charity's aims Other investments Total	- - Not applicable Not applicable Not applicable Last year £ £ - This year - - - 20,583 20,583 - - 20,583 -	- Last year £ £ - This year - - - 20,583 - - 20,583 -
		- 20,583

Page 13

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

7.1 Analysis of creditors
		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			-			- -		-
	Total		-			- -		-

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* 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	This year Last year £ £ - - - - - -
	- -

Page 14

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year Last year £ £ - - - - 230,334 174,308 - -
	230,334 174,308

Page 15