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2021-12-31-accounts

Trustees’ Report to Members at Havering Talking Newspaper AGM October 15[th] 2022

closure of the Talking Newspaper that operated in Waltham Forest. The interest from our savings account was £133 so in total we received £111,896. We thank all those who have donated to us during 2021. In 2022, we were surprised and so grateful to have received another substantial legacy of £200,000 from the estate of Mary Driscoll, she was a long-serving volunteer with our Talking Newspaper. This amount will be included in the accounts for 2022 and presented at the AGM in 2023. As Trustees we are currently setting up a platform that will allow us to deposit a large proportion of our funds, likely to up to £300,000 in multiple savings accounts to maximise the interest rates and enjoy the protection of the Financial Services Commission. The platform is run by Flagstone in conjunction with the Charities Aid Foundation which offers guidance for charities when managing their funds.

Greg Brome, Chairman on behalf of the Trustees

31.12.21 31.12.20 31.12.20
t
INCOMING RESOURCES
Voluntarylncome:
Donations/Legacies 86,763 1 50
3
TNDonation onclosure 25,000 0
Gift Aid 0 0
Activitiesfor generating funds: 0 0
lnterestReceived 133 58
Total lncomingResources 111,896 ---ltqq-
RESOURCES EXPENDED
COVID/H&S 138 125
StudioEquipment 2,390 0
StudioMaintenance 4,492 45
Memory SticksandKey rings 0 0
Electricity 78 263
WaterRates 40 67
lnsurance (includingFire) 784 920
Conference 50 0
AGMExpenses 266 0
Telephone 211 263
Postage 0 10
Depreciation 917 960
Padded Postage Bags 0 0
$undries
Totalresources expended
374
_____9J4_
194
ru
NET(OUTGOTNGyTNCOMTNGRESOURCES 102,156 -1,341
Reservesat1stJanuary 2021 22,944 24,314
RESERVESAT 31stDECEMBER2021 125,060 22,904

FixedAssets
Recording
ComputersEquipment Total
Costasat01.01.21 0 3709 3709
Additions 0 876 876
Disposals 00 0
Co$ asat31.12.21 0 4585 4585
Depreciationasat01.01.2{ 0 1831 1831
Depreciation firrthe year 0 917 917
Disposals 0 0 0
Depreciationasat91.12.21 0 2748 2748
Written down valueasat0,l.01.21 0 1877 1877
Written down valueasat 3{.12.2{ 0 1837 1837

31.12.21 31.12.20 31.12.20
t
INCOMING RESOURCES
Voluntarylncome:
Donations/Legacies 86,763 1 50
3
TNDonation onclosure 25,000 0
Gift Aid 0 0
Activitiesfor generating funds: 0 0
lnterestReceived 133 58
Total lncomingResources 111,896 ---ltqq-
RESOURCES EXPENDED
COVID/H&S 138 125
StudioEquipment 2,390 0
StudioMaintenance 4,492 45
Memory SticksandKey rings 0 0
Electricity 78 263
WaterRates 40 67
lnsurance (includingFire) 784 920
Conference 50 0
AGMExpenses 266 0
Telephone 211 263
Postage 0 10
Depreciation 917 960
Padded Postage Bags 0 0
$undries
Totalresources expended
374
_____9J4_
194
ru
NET(OUTGOTNGyTNCOMTNGRESOURCES 102,156 -1,341
Reservesat1stJanuary 2021 22,944 24,314
RESERVESAT 31stDECEMBER2021 125,060 22,904

FixedAssets
Recording
ComputersEquipment Total
Costasat01.01.21 0 3709 3709
Additions 0 876 876
Disposals 00 0
Co$ asat31.12.21 0 4585 4585
Depreciationasat01.01.2{ 0 1831 1831
Depreciation firrthe year 0 917 917
Disposals 0 0 0
Depreciationasat91.12.21 0 2748 2748
Written down valueasat0,l.01.21 0 1877 1877
Written down valueasat 3{.12.2{ 0 1837 1837