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|Contents|||||||
|---|---|---|---|---|---|---|
|||||||Page|
|Reference and admlnstrative|||details ofthe charity, its Trustees and advisers||||
|Report ofthe|Trustees|||||2-7|
|Independent|Auditor's|Report|||||
|Statement of|Financial|Activities and Income||gr expenditure|account|10|
|Balance Sheet|||||||
|Notes tothe|Finandal|Statements||||12-16|
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|Trustees||The following are the Trustees who served dunng|The following are the Trustees who served dunng|The following are the Trustees who served dunng|The following are the Trustees who served dunng|The following are the Trustees who served dunng|The following are the Trustees who served dunng|the year and|
|---|---|---|---|---|---|---|---|---|
|||are appointed as and when necessary.|||||||
|||Ms. Tracey Fletcher|||||||
|||Mr. Thomas Gayfer|||||||
|||Ms. Palrikea Okonkwo|||||||
|||Ms, Anne Young|||||||
|Director||Ms. Rachel Oglethorpe|||||||
|Address||Marshall
House|||||||
|||66Newcomen
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|||||||
|||91Charterhouse
Street|||||||
|||London|||||||
|||EC1M 6HR|||||||
|Bankers||Messrs C Hoare &|Co.||||||
|||37 Fleet Street|||||||
|||London|||||||
|||EC4P 4DQ|||||||
|Investment|managers|Brewin Dolphin Securiees Limited||||(until|27 March|2022)|
|||12Smithfield
Street|||||||
|||London|||||||
|||EC1A9BD|||||||
|||lnvestec Wealth 8 Investment|||Limited||(until 27 March 2022)||
|||2Gresham Street|||||||
|||London|||||||
|||EC2V 7QP|||||||
|||Sarasin 8 Partners|t)K|(from 28 March|||2022)||
|||Juxton House|||||||
|||St Paul's Churchyard|||||||
|||EC4M 8BU|||||||
|Charity Number||259963|||||||
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|The total grants awarded
are as follows:||||||
|---|---|---|---|---|---|
|1.1 OPEN FUND GRANTS|||2022||2021|
|ROUND 1i MULTI-YEAR - Year 3of3||||||
|Home-Start
Southwark||E|30000|E|30000|
|IRMO (Indoamerican
Refugee and Migrant Organization)
Loughborough
Junction
Action Group||E|30.000
30.000|E
E|30,000
30,000|
|St.Matthew's
Project||E|30,000|E|30,000|
|Stepping Stones Learning
and Leisure
Westminster
House Youth Club||E
E|30,000
30,000|E
E|30.000
30,000|
|TOTAL OPEN FUND GRANTS ROUND 1||E|180,000|E|180,000|
|ROUND 2; MULTI-YEAR - Year 1 of3||||||
|Bright Centres||E|30,000|||
|CEF Lyncx (Community
Education
Foundation|&Lyncx)|E|30,000|||
|Juvenis||E|30,000|||
|Southside
Young Leaders Academy (SYLA)||E|25,000|||
|Southwark
Day Centre for Asylum Seekers||E|30,000|||
|Spring Community
Hub||E|30,000|||
|Your Story||E|30,000|||
|TOTAL OPEN FUND GRANTS ROUND 2|||205,000|||
|1.2 OPEN FUND GRANTS.' ONE-OFF DEVELOPMENT||||||
|Brixton Wings||E|5,000|||
|TOTAL OPEN FUND GRANTS||E|390,000|E|180,000|
|2.STRATEGIC FUND GRANTS:||||||
|iVAR (Open and Trusting
Campaign)||E|1000|E||
|TOTAL STRATEGIC FUND GRANTS||E|1.000|E||
|TOTAL OPEN AND STRATEGIC FUNDS AWARDED||E|391,000|E|180,000|
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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||Unrsstricted|Unrestncted|
|||||||Notes|Fund|Fund|
|Income from:|||||||||
|Investments|||||||158.487|164,258|
|Total Income|||||||158,487|164,258|
|Expenditure
on:|||||||||
|Raising funds|||||||||
|Investment
management||||costs|||11,215|19,724|
|Charitable
activities|||||||||
|Grants|||||||391,000|180,000|
|Salaries|||||||48,370|4D,535|
|Administrsbon||costs|||||38,504|32,746|
|Total Expenditure|||||||489,089|273,005|
|Net Expenditure||before gains|||on||||
|Investment assets|||||||(330,602)|(108,747)|
|Galas/(Losses)|on||investment||assets||(702,768)|910,048|
|Nst (Expenditure)|||Income||||(1,033,370)|801,30'I|
|Net movement|in|funds|||||(1,033,370)|8D1,301|
|Reconciliation|offunds||||||||
|Total Funds at 1st||October||2021|||6,024,626|5,223,325|
|Total Funds at|30th September||||2022|14|4,991,256|6.024,626|
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|lh|e year ended 30September 202|2|||||||
|---|---|---|---|---|---|---|---|---|
|2|Investment
income|||||2022||2021|
||Income from investments||||8|158,48|8|184.258|
|3|Grants to Instgutions|||||2022||2021|
||Charitable
Grants approved:|||||E||p|
||Open Fund Grants||||||||
||Round 1:Multi-Year - Year 3of|3|||||||
||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||30.000|
||Westminster
House Youth Club|||||30,000||30,000|
||Total Open Fund Grants Round|1||||180,000||180,000|
||Round 2:Multi-Year -Year 1of|3|||||||
||Bright Centres|||||30,000|||
||CEF Lyncx (Community
Education|Foundation|&|Lyncx)||30,000|||
||Juvenis|||||30,000|||
||Southside Young Leaders Academy(SYLA)|||||25,000|||
||Southwark
Day Centre (or Asylum|Seekers||||30,000|||
||Spring Community
Hub|||||30,000|||
||Your Story|||||30,000|||
||Total Open Fund Grants Round|2||||205,000|||
||Round 2:One-Off Development||||||||
||Brixton Wings|||||5,000|||
||Total Open Fund Grants|||||390,000||180,000|
||Strategic Fund Grants||||||||
||IVAR|||||1,000|||
|||||||1,000|||
||Total Open and Strategic Funds|Grants|||8|391,000|E|180,000|
|THE PETER MINET TRUST||||||||
|---|---|---|---|---|---|---|---|
|NOTES TO THE ACCOUNTS||||||||
|Forthe year ended 30September 2922
5 Salaries|||||2022
f||2021f|
|Salary ofTrust Director
Pension to former employee
National
insurance|||||40,200
5,270
890||33.208
5,246
408|
|Contribution
to Trust Director's pension||plan||f|2,010
48,370|f|1.674
40,535|
||||||No||No|
|The average
monthly
number of employees||||was|1||1|
|No employee
received remuneration|of|more||than f60,000.||||
|Apart from the Trustees, key management
comprises the Trust Director.
remuneration
of key management
amounted
tof40,200(2021:f33,208)|||||The aggregate|||
|6 Related party transactions||||||||
|There were no related
party transactions|||other than those stated in Note||4.|||
|7 Administration|||||2022f||2021
f|
|Office expenses|||||10,147||12,435|
|Property expenses|||||11,816||9,035|
|Professional fees|||||9,972||4,444|
|Trustee training|||||1,071|||
|Audit fee - current year|||||3,480||3,300|
|Auditors - other services|||||734||555|
|Depreciation|||||1,284
38,504|f|2,977
32,746|
|8 Investments|||||2022||2021f|
|Listed Investments||||||||
|Market value et 1 October 2021||||5,558,909|||4,673,945|
|Additions||||5,843,099|||676,715|
|Disposals||||(5,733,564)|||(701,799)|
|Realised losses
Revaluation
of portfolio||||(341,192)
~361.
8|||(5,138)
915,186|
|||||4,965,676|||5,558,909|
|Cash with investment
managers|||||8,000||149,950|
|Market value at 30September 2022||||4,973,676|||5,708,859|
|9|Tangible 6Intangible|Assets||Tangible|Tangible||Intangible|||
|---|---|---|---|---|---|---|---|---|---|
|||||Office|Benefactor||Webstte|||
|||||equipment|software||build||Total assets|
||Cost|||E|E||E||E|
||Cost at 1stOctober 2021|||5,409|2,010||6,000||13,419|
||Additions|||1.288|||||1,288|
||At 30th September 2022|||6,697|2,010||6,000||14.707|
||Depreciation|||||||||
||At 1st October 2021|||4.613|2,010||6,000||12,623|
||Charge for Ihe year|||1,284|||||1,284|
||At 30th September 2022|||5,897|2,010||6,000||13,907|
||Net Book Value|||||||||
||At 30th September 2022||E|800 E|Nil|E|Nil|6|800|
||At 30th Seplember 2021||E|796 E|Nil|E|Nil|E|796|
|10|Debtors||||||2022||2021|
||Due within ons year:||||||E||E|
||Dividends
receivable||||||||2,466|
||Accrued income||||||g95|||
||Prepaid
rent and services||||||8,924||8,101|
|||||||E|9,919|E|10,567|
|11|Creditors||||||2022||2021|
||Due within one year:|||||||||
||Audit fee||||||3,480||3,300|
||Professional fees||||||7,340||6,637|
||Other creditom||||||335||175|
|||||||E|11,155|E|10,112|
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||||Balance|||Transfers|Balance at|Balance at|
|---|---|---|---|---|---|---|---|---|
||||01-Oct-21|Income|Expenditure|in/out||30-Sep-22|
||||6|2|6|||6|
|Designated|funds||180,000|||230,000||410.000|
|Expenditure|||5,471,130|158,487|(489,089)|(230.000)||4.910,528|
|General fund: Gains/(I. oases) on|||||||||
|investments|||373,496|-|702,768||||
|Total Unrestricted||funds|6,024,626|158,487|(1,191,857)|||4,991,256|
|Total offunds|||6,024,626|158.487|1,191,857||2|4,991,256|
##
|||||Balance|||Transfers|Balance at|Balance at|
|---|---|---|---|---|---|---|---|---|---|
|||||01-Oct-20|Income|Expenditure|in/out||30-Sep-21|
||||||||2|||
|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||||536552||910048|||3734g6|
|Total Unrestricted||funds||5,223,325|164,258|637,043|||6,024,626|
|Total offunds||||5,223,325|164,258|637,043||6|6,024,626|
##
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|Analysts ofnet assets between funds - Cunent year||||
|---|---|---|---|
||Unrestricted|Designated|Total|
||Funds|Funds|Funds|
||6|6|6|
|Invsstmsnts|4,563,676|410,000|4,973,676|
|Tangible fixed assets|800||800|
|Current assets|27,935||27,935|
|Creditors due within one year|11,155|||
||4,561,256|410,000|4,991,256|
|Analysis ofnet assets between funds - Prior year||||
||Unrsstricted|Designated|Total|
||Funds|Funds|Funds|
||6|6|6|
|Invsshnents|5,528,859|180,000|5,708,859|
|Tangible fixed assets|798||796|
|Current assets|325,083||325,083|
|Creditors due within one year|10,112|||
||5,644,626|180,000|6,024,626|
|8|Investments|||||||Property|Cash with|Cash with||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Quoted UK||Cash with|Investment||Property||2022|2021|
||||||Investments|Stockbroker||Fund|Managers|||Total|Total|
||||||E|||f||E||E||
||Market value 1stOctober 2021||||5,308,583||146,870|250,326||3,080||5,708,859|5,112,881|
||Additions||||5,843,099|||||||5,843,099||
||Disposals||||(5,733,564)|||||||(5,733,564)||
||Net movement|in Cash|||||(146,870)|||(3,080)||(149,950)|(314,070)|
||Realised investment||gain/(loss)||(341,192)|||||||(341,192)||
||Unrealised
investment||gains(loss)||(361,576)|||||||(361,576)|910,048|
||Market value|30th September 2022||E|4,715,350|E||f 250,326|f||f|4,965,676|E 5,708,859|
||Historical cost|at 30th September 2022||f|3,128,478|f|146,870|E 241,062|r|3,080|f.|3,519,490|E 3,519,490|
||Historical cost|at 30th September 2021||f|3,128,478|E|146,870|E 241,062|f.|3,080|f|3,519,490|E 3,723,576|
||UK Investments||||||||||f|2,803,975|E 3,432,538|
||Foreign Investments||||||||||E|2,161,701|E 1,680,343|
|||||||||||||4,965,676|5,112,881|