2021-08-31-accounts

Charity and company information	Charity and company information
Trustees' annual report		4-7
Objectives and activities
Public benefit
Achievements and performance
Financial review
Structure, governance	and management
Future developments
Independent auditors' report		8-9
Financial statements		10-19
Statement offinancial	activities	10
Balance sheet
Statement ofcash flows
Notes to the financial	statements	13-19

Executive		Committee	Officers	Naorni Stuart	(Chairman)	(Chairman)
(Trustees	and directors)			Amalia Michaels Anthony Sober	(Vice chairman) (Treasurer)
				Brian Levy	(Assistant treasurer)
			Other members
				Maggie Crawford
				Ruth Freeman
				Herbie Goldberg
				Diana King
				Marie-Ange King ' Susan Kwok
				Hazelanne Lewis
				*Gerta Regensburger
				Pam Strangman
				Shafeeq Siddiqui
				Ron Tucker
				Gilli Vafidis
				* =co-opted member
Company	Secretary			Hazelanne Lewis
Registered		charity number		288434
Company	number			01752272
				Registered in England
Registered		office		Old Town Hall
				213Haverstock Hill
				London NW3 4QP
Independent		auditors		Knox Cropper LLP
				Chartered Accountants
				65 Leadenhall Street
				London EC3A 2AD
Solicitors				Bates Wells 8 Braithwaite	London	LLP
				10Queen Street Place
				London EC4R 1BE
Bankers				CAF Bank Ltd
				25 Kings Hill Avenue
				West Mailing ME194JQ

			Note	Unrestricted	Restricted	2021	2020
				funds	funds	Total	Total
				f000	f000	f000	f000
Income
Membership	income			80		80	131
Donations	and	legacies		7		7	253
Investment	income			53		53	48
				140		140	432
Charitable	activities						3
Total				140		140	435
Expenditure
Raising funds				22		22	30
Charitable	activities
Study groups				153		153	189
Events	and	sundry income					5
				153		153	194
Total				175		175	224
				(35)		(35)	211
Net gains/(losses)		on investments:
Realised
Unrealised				290		290	49
Net income for the		year		255		255	260
Reconciliation	offunds:
Total funds brought		forward		1,928		1,928	1,668
Total funds carried		forward		2,183		2,183	1,928

		Note	2021	2020
			f000	E'000
Fixed assets
Tangible fixed assets		10	28	31
Investments		11	2,065	1,595
			2,093	1,626
Current assets
Debtors and prepayments		12	17	21
Cash at bank and	in hand	13	130	287
			147	308
Current liabilities:
Creditors payable	within one year	14	57
Net current assets			90	302
Total assets less current liabilities			2,183	1,928
Creditors payable after more than one year
Net assets		15	2,183	1,928
Representing:
The income funds of	the charity
Unrestricted funds:		16
General fund			733	478
Designated funds			1,450	1,450
			2,183	1,928
Restricted funds
			2,183	1,928

				Note	2021	2020
					f000	f000
Cash flows from operating	activities
Net income for the year
as shown in statement	offinancial activities		on page 10		255	260
Adjustments for:
Distributions and interest from investments				4	(53)	(48)
Depreciation charges				10	3	11
Net (gains)/losses on investments				11	(290)	(49)
(Increase)/decrease in	income tax recoverable			12	(11)	8
(Increase)/decrease in	legacy receivable			12
(Increase)/decrease in	other debtors and	prepayments		12	15	4
(Decrease) in subscriptions in advance				14	28	(63)
Increase/(decrease) in	commitment under	property agreement		14
Increase/(decrease) in	other creditors and	accruals		14	23
Net cash provided by /	(used in) operating	activities			(30)	123
Cash flows from investing	activities
Distributions and interest from investments				4	53	48
Purchase oftangible fixed assets				10		(26)
Sales/ urchases) ofinvestments				11	180
Net cash provided by/(used in) investing		activities			(127)	22
Cash flows from financing	activities
Repayments of borrowing
Net cash (used in) financing activities
Change in cash and cash	equivalents in the	year			(157)	145
Cash and cash equivalents	at the beginning ofthe year				287	143
Cash and cash equivalents	at the end ofthe		year	13	130	288
The notes on pages 13to 19 form part ofthese			financial statements.

					Unrestricted	Restricted	2021	2020
					funds	funds	Total	Total
					f000	f000	f000	f000
5	Income from charitable	activities
	Events and sundry income:
	Easter conference
	Outings and concerts
	Sundry income
8	Costs ofraising funds
	Payments to other charities	(see note 19)			10		10	19
	Publicity				1		1
	Support costs —see note 9(d)				7		11
					18		22	30
7	Costs ofstudy groups
	Accommodation				117		118	138
	Other direct costs				8		8	18
	Support costs —see note 9(d)				28		28	33
					153		153	189
8	Costs ofevents and ofsundry			income
	Easter conference
	Outings 'and concerts
	Sundry income
	Support costs —see note 9(d)
9	Total expenditure included:
	(a) Rent and licence fees payable
	Leased accommodation						135	116
	Payments to secure availability		ofCafe premises					17
	Licensed accommodation							13
	Additional accommodation							4
							135	150
	(b) Professional charges
	Payable to the auditors
	Comprising charges in connection			with:
	independent audit

							2021	2020
							Total	Total
							f000	f000
	(d) Support costs
	Office accommodation						17	21
	Depreciation	ofoffice furniture		and equipment			1	1
	Communications						5	7
	National affiliation fees						9	11
	Governance	costs:
	Audit fee
	Other governance		costs
	Other support	costs
							35	46
	Allocated as	follows	—see note 1(c):
	Raising funds						7	12
	Study groups						28	32
	Events and	sundry	income					2
							35	46
10	Tangible fixed	assets
					Computer	Other	2021	2020
					equipment	equipment	Total	Total
						and furniture
					f000	f000	f000	f000
	Cost
	Brought forward				47	51	98	71
	Disposals in year
	Additions in year							27
					47	51	98	98
	Depreciation
	Brought forward				25	42		56
	Disposals in year
	Charge for year
					27		70
	Net book value
	at 31/08/2021				20		28	31
	Net book value
	at 31/08/2020				22

												2021	2020
												f000	f000
11	Investments
	Cost											1,595	1,546
	Sold in year
	Additions											180
	Gains											290	49
	Market value											2,065	1,595
	The investments		comprised		units	in the COIF			Charities	funds listed below.
	The changes	in market value			over		the year	were as follows:
							Brought		Purchased/	Realised	Unrealised	Carried
							forward	(sold) in year		gain/(loss)	gain/(loss)	forward
							f000		f000	OOOO	f000	f000
	Ethical Fund								"I80		24	204
	Global Equity	Income Fund
	Investment Fund						1,595				266	1,861
	Property Fund
							1,595		180		290	2,065
		2020					1,546					'/,595
12	Debtors and prepayments
	Income tax recoverable
	Legacy receivable
	Other debtors												8
	Prepayments												12
												17	21
13	Cash at bank and in hand
	Current accounts		and cash	in hand								120	277
	Demand deposit											10	10
												130	287
14	Creditors payable within				one		year
	Membership subscriptions			received			in advance					28
	Other creditors	and accruals										29
												57

					Tangible	Invest-	Net current	Finance	Total
					fixed assets	ments	assets	lease	2021
					OOOO	f000	f000	f000	f000
Unrestricted			funds
General		fund			28	615	90		733
Designated			funds			1,450			1,450
					28	2,065	90		2,183
Restricted	funds
					28	2,065	90		2,183
Movements			in unrestricted	funds
				Balance at	Income	Expenditure	Gains on	Transfers	Balance at
				31August			investments	between	31 August
				2020				funds	2021
				f000	f000	f000	f000	f000	f000
General fund
				478	140	(175)	290		733
Designated		funds
See below				1,450					1,450
				1,928	140	(175)	290		2,183
				2019					2020
General fund				218	435	(224)	49		478
Designated	funds			1,450					1,450
				1,668	435	{224)	49		1,928
Designated		funds

me and activities of U3A in Lon	don (see note 6);
		2021	2020
		f000	f000
The Hampstead School of Art		2	8
The Keats Community Library		2	3
The Primrose Hill Community	Association	2	4
Maggie's Cancerkin		2	0
Age UK Camden		2	0
		10