| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 6 |
| Report ofthe Independent Auditors |
7 | to | 10 |
| Statement of Financial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 13 | to | 19 |
| Detailed Statement ofFinancial Activities | 20 |
| 31.3.21 | 31.3.20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Notes | funds I |
funds 6 |
funds 6 |
fundsI | ||
| INCOME AND ENDOWMENTS | FROM | |||||
| Investment income Other income |
2 | 199,824 ~61316 |
199,824 ~61316 |
217,683 ~21764 |
||
| Total | 261,140 | 261,140 | 239,447 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 3 | 78,286 | 5,711 | 83,997 | 148,813 | |
| Net gains on investments | ~1018000 | |||||
| NET INCOME/(EXPENDITURE) | 182,854 | (5,711) | 177,143 | 1,108,634 | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward | 142,673 | 5,405,199 | 5,547,872 | 4,439,238 | ||
| TOTAL FUNDS CARRIED FORWARD | ~325 527 | ~5399488 | ~5725 015 | ~5547 872 |
| 31.3.21 | 31.3.20 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Notes | funds I |
funds I |
funds I |
fundsI | |
| FIXEDASSETS | |||||
| Investment property |
6,000,000 | 6,000,000 | 6,000,000 | ||
| CURRENT ASSETS | |||||
| Debtors | 8 | 44,479 | 44,479 | 16,734 | |
| Cash in hand |
364 294 | 364 294 | 228 262 | ||
| '}08,773 | 408,773 | 244,996 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
9 | (83,246) | (600,512) | (683,758) | (697,124) |
| NET CURRENT ASSETS | 325527 | ~60~ 512) | ~274985) | ~452128) | |
| TOTAL ASSETS LESSCURRENT LIABILITIES | 325,527 | 5,399,488 | 5,725,015 | 5,547,872 | |
| NET ASSETS | 325 527 | 5 399488 | 5 725015 | 5 547 872 | |
| FUNDS | 12 | ||||
| Unrestricted funds |
325,527 | 142,673 | |||
| Restricted funds |
5399488 | 5405199 | |||
| TOTAL FUNDS | 5 725 015 | 5 547872 |
| Investment | management | management | costs | ||
|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | ||||
| I | 6 | ||||
| Insurance | 13,483 | 11,993 | |||
| Sundries | 125 | ||||
| Management | fees | 19,793 | 25,939 | ||
| Property repairs |
14,871 | 71,828 | |||
| Bank Charges | 113 | 124 | |||
| Light 8r heat | 17,689 | 16,172 | |||
| Cleaning | 2,766 | 2,016 | |||
| Water rates | 233 | 679 | |||
| Irrecoverable | VAT | 2,548 | 1,933 | ||
| Postage and | stationary | 25 | |||
| Computer expenses |
384 | 384 | |||
| Bank interest | 128 | ||||
| Interest - LBTH overdraft | 5,712 | 8,862 | |||
| Accountancy | fees | 3,500 | 3,400 | ||
| Auditors' remuneration |
2,500 | 2,500 | |||
| Legal lk professional | fees | 380 | 2,700 | ||
| Finance charges | 30 | ||||
| 83997 | ~148 813 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds I |
funds I |
fundsI | ||
| INCOME AND ENDOWMENTS | FROM | |||
| Investment income Other income |
217,683 ~21764 |
217,683 ~21764 |
||
| Total | 239,447 | 239,447 | ||
| EXPENDITURE ON | ||||
| Raising funds | 139,823 | 8,990 | 148,813 | |
| Net gains on investments | 1018000 | ~1018000 | ||
| NET INCOME | 99,624 | 1,009,010 | 1,108,634 | |
| Transfers between funds | ~31606) | 31606 |
| COMPARATIVES | FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued | FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued | FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds I |
funds I |
fundsI | |||
| 68,018 | 1,040,616 | 1,108,634 | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward | 74,655 | 4,364,583 | 4,439,238 | ||
| TOTAL FUNDS CARRIED FORWARD | 142 673 | ~5 | 405 199 | 5 547 872 | |
| INVESTMENT PROPERTY | |||||
| FAIR VALUE | |||||
| At 1April 2020 | |||||
| and 31 March 2021 | ~6000 000 | ||||
| NET BOOK VALUE | |||||
| At 31 March 2021 | 6000 000 | ||||
| At 31 March 2020 | ~6000 000 |
| The two properties at 179-181and 183-185 Whitechapel Sullivan, Chartered Surveyors during September 2019 at value represents a fair value at the Balance Sheet date. |
The two properties at 179-181and 183-185 Whitechapel Sullivan, Chartered Surveyors during September 2019 at value represents a fair value at the Balance Sheet date. |
The two properties at 179-181and 183-185 Whitechapel Sullivan, Chartered Surveyors during September 2019 at value represents a fair value at the Balance Sheet date. |
The two properties at 179-181and 183-185 Whitechapel Sullivan, Chartered Surveyors during September 2019 at value represents a fair value at the Balance Sheet date. |
The two properties at 179-181and 183-185 Whitechapel Sullivan, Chartered Surveyors during September 2019 at value represents a fair value at the Balance Sheet date. |
Road, London, El 1DN E6,000,000. The Trustees |
were revalued by Dobbin 8r are of the opinion that this |
were revalued by Dobbin 8r are of the opinion that this |
were revalued by Dobbin 8r are of the opinion that this |
|---|---|---|---|---|---|---|---|---|
| DEBTORS: | AMOUNTS FALLING DUE WITHIN |
ONE YEAR | ||||||
| 31.3.21 | 31.3.20 | |||||||
| I | I | |||||||
| Amount due Prepayments |
from tenants | 32,683 ~11796 |
8,320 8414 |
|||||
| 44479 | ~16 734 | |||||||
| CREDITORS: AMOUNTS FALLING |
DUE WITHIN ONE | YEAR | ||||||
| 31.3.21 I |
31.3.20 I |
|||||||
| Other loans | (see note 10) | 600,512 | 594,800 | |||||
| VAT Rent deposit Accruals Rent/Service |
charge received | in advance | 1,890 31,840 20,555 28 961 |
3,764 59,820 15,662 ~23 078 |
||||
| 683 758 | 697 124 |
| Net | ||||||||
|---|---|---|---|---|---|---|---|---|
| movement | At | |||||||
| At lx820 | in funds | 31.3.21 | ||||||
| I | I | I | ||||||
| Unrestricted | funds | |||||||
| General | fund | 142,673 | 182,854 | 325,527 | ||||
| Restricted funds | ||||||||
| Generalfund | ||||||||
| 3,785,592 | (5,711) | 3,779,881 | ||||||
| Property | revaluation | reserve. | ~1619607 | ~1619607 | ||||
| ~5405 199 | ~5711) | ~5399488 | ||||||
| TOTAL | FUNDS | ~5547 872 | ~177 143 | ~5725 015 | ||||
| Net movement | in funds, | included | in the above are as follows: | |||||
| Incoming | Resources | Movement | ||||||
| resources I |
expended 6 |
in funds I |
||||||
| Unrestricted | funds | |||||||
| General | fund | 261,140 | (78,286) | 182,854 | ||||
| Restricted funds | ||||||||
| General | fund | |||||||
| (5,711) | (5,711) | |||||||
| TOTAL | FUNDS | ~261 140 | ~83997) | ~177143 |
| Net | Transfers | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| movement | between | At | |||||||||
| At 1.4.19 | in funds | funds | 31.3.20 | ||||||||
| f | f | f | f | ||||||||
| Unrestricted | funds | ||||||||||
| General | fund | 74,655 | 99,624 | (31,606) | 142,673 | ||||||
| Restricted funds | |||||||||||
| General | fund | ||||||||||
| Property | revaluation | reserve. | 3,762,976 601607 |
(8990) ~1 018000 |
31,606 | 3,785,592 1619607 |
|||||
| ~4364 583 | ~1009010 | 31606 | ~5405 199 | ||||||||
| TOTAL | FUNDS | ~4439 238 | 1 108634 | ~5547 872 | |||||||
| Comparative | net movement | in funds, | induded | in the above are as follows: | |||||||
| Incoming | Resources | Gains and | Movement | ||||||||
| resources f |
expended f |
losses f |
in funds f |
||||||||
| Unresbicted | funds | ||||||||||
| Generalfund | 239,447 | (139,823) | 99,624 | ||||||||
| Restricted funds | |||||||||||
| General | fund | ||||||||||
| Property | revaluation | reserve. | (8,990) | ~1018000 | (8,990) 1018000 |
||||||
| ~8990) | 1018000 | ~1009010 | |||||||||
| TOTAL | FUNDS | ~239 'l47 | ~148813) | ~1018000 | ~1108634 | ||||||
| A current year 12 months | and prior year 12 months | combined | position is as follows: |
||||||||
| Net | Transfers | ||||||||||
| movement | between | At | |||||||||
| At 1.4.19 f |
in funds f |
funds f |
31.3.21 f |
||||||||
| Unrestricted | funds | ||||||||||
| General | fund | 74,655 | 282,478 | (31,606) | 325,527 | ||||||
| Restricted funds | |||||||||||
| General | fund | ||||||||||
| Property | revaluation | reserve. | 3,762,976 ~601607 |
(14,701) ~1018000 |
31,606 | 3,779,881 ~1619607 |
|||||
| ~4364 583 | 1003 299 | 31606 | 5 399488 | ||||||||
| TOTAL FUNDS | ~4439 238 | ~1285777 | ~5725 015 |
| Incoming | Resources | Gains and | Movement | ||||
|---|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||||
| E | E | E | E | ||||
| Unrestricted | funds | ||||||
| General | fund | 500,587 | (218,109) | 282,478 | |||
| Restricted funds | |||||||
| General | fund | ||||||
| (14,701) | (14,701) | ||||||
| Property | revaluation | reserve. | 1~018000 | 1~018000 | |||
| ~14701) | 1~018000 | 1~003299 | |||||
| TOTAL | FUNDS | ~500 587 | ~232 810) | 1~018000 | 1~285 777 |
| 31.3.21 | 31.3.20 | |||
|---|---|---|---|---|
| I | I | |||
| INCOME AND ENDOWMENTS | ||||
| Investment income |
||||
| Rents receivable | 199,824 | 217,683 | ||
| Other income | ||||
| Insurance reimbursed |
10,215 | 10,945 | ||
| Service charges | 27,626 | 12,566 | ||
| Utilities recharged Bad Debt Recovered |
17,333 ~6142 |
(1,747) | ||
| ~61316 | ~21764 | |||
| Total incoming resources |
261,140 | 239,447 | ||
| EXPENDITURE | ||||
| Investment management |
costs | |||
| Insurance | 13,483 | 11,993 | ||
| Sundries | 125 | |||
| Management fees |
19,793 | 25,939 | ||
| Property repairs |
14,871 | 71,828 | ||
| Bank Charges | 113 | 124 | ||
| Ught &heat | 17,689 | 16,172 | ||
| Cleaning | 2,766 | 2,016 | ||
| Water rates | 233 | 679 | ||
| Irrecoverable VAT |
2,548 | 1,933 | ||
| Postage and stationary | 25 | |||
| Computer expenses |
384 | 384 | ||
| 8'ank interest | 128 | |||
| Interest - LBTH overdraft | 5,712 | 8,862 | ||
| Accountancy fees |
3,500 | 3,400 | ||
| Auditors' remuneration |
2,500 | 2,500 | ||
| Legal 8 professional | fees | 380 | 2,700 | |
| Finance charges | 30 | |||
| ~83997 | ~148813 | |||
| Total resources expended | ~83997 | ~148813 | ||
| Net income | ~177 143 | ~90 634 |