##
|||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||
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||||||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|
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##
|||||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|
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|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|
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|||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||
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|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||
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||||||||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|
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||||||||||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|
##
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||||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|