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|Contents|||||||
|---|---|---|---|---|---|---|
|||||||Page|
|Reference and adminstrative||details ofthe charity,||its Trustees and advisers|||
|Report ofthe Trustees||||||2-8|
|Independent
Auditor's|Report|||||9-10|
|Statement of Financial|Activities||and income &expenditure||account||
|Balance Sheet||||||12|
|Notes to the Financial|Statements|||||13-17|
##
##
|||||||||
|---|---|---|---|---|---|---|---|
|Trustee|s||The following are the Trustees|||who served during|the year and|
||||are appointed
as and when necessary.|||||
||||Mr. Simon Hebditch|||(resigned|23 February 2021)|
||||Ms. Aanchal
Clare|||(resigned|10September 2021)|
||||Ms. Tracey Fletcher|||||
||||Mr. Thomas Gayfer|||||
||||Ms. Patricia Okonkwo|||||
||||Ms. Laura Solomons|||(resigned|10September 2021)|
||||Ms. Anne Young|||||
|Director|||Mrs. Rachel Oglethorpe|||||
|Address|||Marshall
House|||||
||||66 Newcomen
Street|||||
||||London|||||
||||SE1 1YT|||||
|Auditors|||RPG Crouch Chapman|LLP||||
||||Chartered
Accountants|||||
||||5th Floor|||||
||||14-16Dowgate
Hill|||||
||||London EC4R 2SU|||||
|Solicitors|||Stone King LLP|||||
||||Boundary
House|||||
||||91 Charterhouse
Street|||||
||||London|||||
||||EC1M 6HR|||||
|Bankers|||Messrs C. Hoare &Co.|||||
||||37 Fleet Street|||||
||||London|||||
||||EC4P 4DQ|||||
|Investment||managers|Brewin Dolphin
Securities||Limited|||
||||12Smithfield
Street|||||
||||London|||||
||||EC1A 9BD|||||
||||Investec Wealth
& Investment|||Limited||
||||2 Gresham
Street|||||
||||London|||||
||||EC2V TQP|||||
|Charity|Number||259963|||||
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|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||Unrestricted|Unrestricted|
||||||||Notes|Fund|Fund|
|||||||||f|E|
|Income from:||||||||||
|Investments||||||||164,258|172,219|
|Total income||||||||164,258|172,219|
|Expenditure
on:||||||||||
|Raising funds||||||||||
|Investment|management||||costs|||19,724|17,341|
|Charitable
activities||||||||||
|Grants||||||||180,000|255,000|
|Salaries||||||||40,535|27,005|
|Administration|||costs|||||32,746|20,496|
|Total Expenditure||||||||273,005|319,842|
|Gains/(Losses)||on||investment||assets||910,048|(536,552)|
|Net (Expenditure)||||Income||||801,301|(684,175)|
|Net movement||in|funds|||||801,301|(684,175)|
|Reconciliation||offunds||||||||
|Total Funds at|1st||October||2020|||5,223,325|5,907,500|
|Total Funds at||30th September||||2021|14|6,024,626|5,223,325|
##
|||||Notes||2021||2020f|
|---|---|---|---|---|---|---|---|---|
|Fixed Assets|||||||||
|Intangible assets||||9|||2,000||
|Tangible assets||||9|796||796||
|Investments||||7|5,708,859||5,112,881||
|Current Assets||tlat||||5,709,655||5,115,677|
|Debtors||||10|10,567||17,732||
|Cash at bank|||||314,516||99,301||
||||||325,083||117,033||
|Current
Liabilities|||||||||
|Creditors:
A
t t
Ill|g d||y|11|~10.112||9,567||
|Net Current Assets||||||314,971||107,466|
|Total Assets|Less Current||Liabilities|||6,024,626||5,223,143|
|Funds ofthe|Charity||||||||
|Unrestricted||||14||6,024,626||5,223,325|
##
||Reporting
Standard
102a|s amen|ded|by Update|Bulletin 1.|||||
|---|---|---|---|---|---|---|---|---|---|
|2|Investment
Income||||||2021f||2020f|
||Income from investments|||||f|164,258|F.|172,219|
|3|Grants to institutions||||||2021f||2020f|
||Charitable
Grants approved:
0 en Fund Multi-Year Grants|||||||||
||Home-Start
Southwark||||||30,000||30,000|
||Indoamerican
Refugee and Migrant|||Organization|(IRMO)||30,000||30,000|
||Loughborough
Junction Action Group||||||30,000||30,000|
||St Matthew's
Project||||||30,000||30,000|
||Stepping Stones Learning|and Leisure|||||30,000||20,000|
||Westminster
House Youth|Club|||||30,000||30,000|
||||||||180,000||170,000|
||0
n Fund
i
le Grant|||||||||
||Home-Start
Lambeth
Total 0 en Fund Grants||||||180,000||10,000
180,000|
||Strate
ic Fund Grants|||||||||
||Lambeth
Community
Response
Fund|||Waves 1&|2:Walcot|||||
||Educational
Foundation||||||||25,000|
||Southwark
Community
Response||Fund Waves 1||&2:United St|||||
||Saviour's
Charity||||||||25,000|
||Southwark
Community
Response||Fund Wave 3:United St Saviour's|||||||
||Charity||||||||25,000|
||||||||||75,000|
||Total Open and Strategic|Funds|Grants|||f|180,000|f|255,000|
##
|5|Salaries|||||||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||6||6|
||Salary ofTrust Director|||||||||||33,208||20,079|
||Pension to former employee|||||||||||5,246||5,180|
||Social Security costs|||||||||||408||748|
||Contribution
to Trust Director's|||pension||plan||||||1,674||998|
||||||||||||6|40,535|F|27,005|
||The average
monthly
number ofemployees||||||||was as follows:|||No||No|
||Administration
(part time|shared||with|The||Idlewild Trust until 22|||||1||1|
||March 2021).||||||||||||||
||No employee
received remuneration||||of|more|||than 660,000.||||||
||Apart from the Trustees,|key management||||||comprises||the Trust|Director.|The aggregate|remuneration||
||ofkey management
amounted|||to 633,208||||(2020:620,079)|||||||
|6|Related party transactions||||||||||||||
||There were no related
party||transactions||||other than those stated||||in Note|4.|||
|7|Administration|||||||||||2021
6||2020f|
||Office expenses|||||||||||12,435||7,480|
||Property expenses|||||||||||9,035||5,777|
||Professional
fees|||||||||||4,444||1,247|
||Audit fee - current year|||||||||||3,300||3,240|
||Auditors - other services|||||||||||555||263|
||Depreciation|||||||||||2,977||2,489|
|||||||||||||32,746|6|20,496|
|8|Investments|||||||||||2021||2020|
|||||||||||||6||6|
||Listed Investments||||||||||||||
||Market value at 1 October|2020||||||||||4,673,945||5,360,845|
||Additions|||||||||||676,715||308,389|
||Disposals|||||||||||(701,799)||(458,737)|
||Revaluation
Investec portfolio
Revaluation
Brewin
Dolphin
portfolio|||||||||||16,019
894,029|(14,271)
~522,281||
|||||||||||||5,558,909||4,673,945|
||Cash with investment
managers|||||||||||149,950||438,936|
||Market value at 30September 2021|||||||||||5,708,859||5,112,881|
##
|9|Tangible 8 Intangible|Assets||Tangible|Tangible||Intangible|||
|---|---|---|---|---|---|---|---|---|---|
|||||Olfice|Benefactor|||||
|||||equipment|software|Website
build|||Total assets|
||Cost||||f||||F|
||Cost at 1stOctober 2020|||4,614|2,010||6,000||12,624|
||Additions|||795|||||795|
||At 30th September 2021|||5,409|2,010||6,000||13,419|
||Depreciation|||||||||
||At 1st October 2020|||3,636|2,010||4,000||9,646|
||Charge for the year|||977|-||2,000||2,977|
||At 30th September 2021|||4,613|2,010||6,000||12,623|
||Net Book Value|||||||||
||At 30th September 2021||f|796 f|Nil||Nil||796|
||At 30th September 2020||f|978 f|Nil|f|2,000|f|2,978|
|10|Debtors||||||2021||2020|
||Due within one year:||||||F||F|
||Dividends
receivable||||||2,466||2,173|
||Prepaid
rent and services||||||8,101||15,560|
||||||||16,567|6|17732|
|11|Creditors||||||2021||2020|
||Due within one year:||||||f||f|
||Audit fee||||||3,300||3,240|
||Professional
fees||||||6,637||5,834|
||Other creditors||||||175||493|
|||||||f|10,112|f|9,567|
##
##
##
|14 Statement offunds - Current year|14 Statement offunds - Current year|14 Statement offunds - Current year|14 Statement offunds - Current year|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Balance||||||||Transfers|Balance at|
||||||01-Oct-20||Income|||Expenditure||in/out|30-Sep-21|
|||||||f|||f||f|f||
|Designated
funds|||||360,000|||||||(180,000)|180,000|
|Expenditure|||||5,399,877|||164,258|||(273,005)|180,000|5,471,130|
|General fund: Gains/(Losses)||on||||||||||||
|investments|||||536,552||||||910,048||373,496|
|Total Unrestricted
funds|||||5,223,325|||164,258|||637,043||6,024,626|
|Total offunds|||||5,223,325|||164,258|||637,043||f 6,024,626|
|The designated
fund represents|||the|planned
commitment|||||made|to|multi year|grants. The Trustees are ofthe||
|opinion that this represents|a|designated|||fund because|||an|intention||exists to|set aside these|funds to provide|
|multi year grants.||||||||||||||
|Statement offunds - Prior|year|||||||||||||
|||||Balance||||||||Transfers|Balance at|
||||||01-Oct-19||Income|||Expenditure||in/out|30-Sep-20|
||||||||||||f||f|
|Designated
funds||||||||||||360,000|360,000.00|
|Expenditure|||||5,907,500|||172,219|||(319,842)|(360,000)|5,399,877|
|General fund: Gains/(Losses)||on||||||||||||
|investments|||||||||||536,552||536,552|
|Total Unrestricted
funds|||||5,907,500|||172,219|||(856,394)||5,223,325|
|Total offunds||||5,907,500|||172,219||||856,394||f 5,223,325|
|5 Analysis ofnet assets between|||funds||- Current|year||||||||
|||||||||||Unrestricted||Designated|Total|
||||||||||||Funds|Funds|Funds|
||||||||||||f||f|
|Intangible
fixed assets|||||||||||0||0|
|Tangible
tixed assets||||||||||5,529,655||180,000|5,709,655|
|Current assets
Creditors due within one year|||||||||||325,083
10,112||325,083
~10,112|
|||||||||||5,844,626||160,000|6024,626|
|Analysis
ofnet assets between|||funds||- Prior year|||||||||
|||||||||||Unrestricted||Designated|Total|
||||||||||||Funds f|Funds|Funds f|
|Intangible
fixed assets|||||||||||2,000||2,000|
|Tangible fixed assets||||||||||4,755,859||360,000|5,115,859|
|Current assets
Creditors
due within one year|||||||||||117,033
9,567||117,033
~40662|
|||||||||||4,865,325||360,000|5,225,325|