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2022-03-31-accounts

		Page
Report ofthe Trustees	1	to	6
Report ofthe Independent Auditors	7	to	10
Statement of Financial Activities
Balance Sheet		12
Notes to the Financial Statements	13	to	19
Detailed Statement of Financial Activities		20

						31.3.22	31.3.21
				Unrestricted	Restricted	Total	Total
			Notes	funds I	funds I	funds I	fundsI
INCOME AND ENDOWMENTS		FROM
Investment income			2	153,777		153,777	199,824
Other income				29,543		29,543	61,316
Total				183,320		183,320	261,140
EXPENDITURE ON
Raising funds			3	76,384	6,173	82,557	83,997
NET INCOME/(EXPENDITURE)				106,936	(6,173)	100,763	177,143
RECONCILIATION	OF FUNDS
Total funds brought	forward			325,526	5,399,488	5,725,014	5,547,872
TOTAL FUNDS CARRIED FORWARD				432,462	5,393,315	5,825,777	5,725,015

					31.3.22	31.3.21
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	f	f	f	f
FIXEDASSETS
Investment properly		7		6,000,000	6,000,000	6,000,000
CURRENT ASSETS
Debtors		8	15,555		15,555	44,479
Cash in hand			445,946		445,946	364,29'I
			461,501		461,501	408,773
CREDITORS
Amounts falling due within	one year	9	(29,039)	(606,685)	(635,724)	(683,758)
NET CURRENT ASSETS			432,462	(606,685)	(174,223)	(274,985)
TOTAL ASSETS LESSCURRENT LIABILITIES			'}32,462	5,393,315	5,825,777	5,725,015
NET ASSETS			432,'l62	5,393,315	5,825,777	5,725,015
FUNDS		12
Unrestricted funds					432,462	325,527
Restricted funds					5,393,315	5,399,488
TOTAL FUNDS					5,825,777	5,725,015

			31.3.22	31.3.21
			E	E
Rents receivable			153,777	199,824
RAISING FUNDS
Investment management		costs
			31.3.22	31.3.21
			E	E
Insurance Sundries			12,375 240	13,483
Management fees			7,766	19,793
Property repairs Bank Charges			15,030 122	14,871 113
Light &heat Cleaning Water rates Irrecoverable VAT Postage and stationary			23,440 1,512 4,252 3,857 25	17,689 2,766 233 2,548 25
Computer expenses			384	384
Interest —LBTH overdraft Accountancy fees Auditors' remuneration Legal ik professional fees			6,173 3,100 2,700 1,581	5,712 3,500 2,500 380
			82,557	83,997

COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			fundsI	funds I	funds
INCOME AND ENDOWMENTS		FROM
Investment income Other income			199,824 61,316		199,82'} 61,316
Total			261,140		261,140
EXPENDITURE ON
Raising funds			78,286	5,711	83,997
NET INCOME/(EXPENDITURE)			182,854	(5,711)	177,143
RECONCILIATION	OF FUNDS
Total funds brought	forward		142,673	5,405,199	5,547,872
TOTAL FUNDS CARRIED FORWARD			325,527	5,399,488	5,725,015
INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2021
and 31 March 2022					6,000,000
NET BOOK VALUE
At 31 March 2022					6,000,000
At 31 March 2021					6,000,000

B.	DEBTORS:	AMOUNTS	AMOUNTS	FALLING DUE	FALLING DUE	FALLING DUE	WITHIN ONE YEAR	WITHIN ONE YEAR	WITHIN ONE YEAR
											31.3.22		31.3.21
												6
	Amount due	from tenants										7,727		32,683
	Prepayments											7,828		11,796
												15,555		44,479
	CREDITORS: AMOUNTS				FALLING DUE WITHIN				ONE YEAR
											31.3.22		31.3.21
												f		6
	Other loans	(see note	10)								606,685		600,512
	VAT Rent deposit											8 3,861		1,890 31,840
	Accruals											19,549		20,555
	Rent/Service	charge received in				advance						5,621		28,961
											635,724		683,758
10.	LOANS
	An analysis ofthe maturity				of loans is given below:
											31.3.22		31.3.21
														f
	Amounts falling due within				one	year on demand:
	LBTH loan facility										606,685		600,512
11.	SECURED DEBTS
	The following	secured	debts		are	included	within	creditors:
											31.3.22		31.3.21
	LBTH loan facility										606,685		600,512
	The London	Borough	of	Tower		Hamlets	loan	facility	is secured	by a subsequent	charge	on the	charity's	freehold
	property.

							Net
							movement	At
						At 1xL21 f	in funds f	31.3.22
Unrestricted		funds
General	fund					325,526	106,936	432,462
Restricted funds
General	fund
Property	revaluation		reserve.			3,779,881 1,619,607	(6,173)	3,773,708 1,619,607
						5,399,488	(6,173)	5,393,315
TOTAL	FUNDS					5,725,014	100,763	5,825,777
Net movement		in funds,		included	in the above are as follows:
						Incoming	Resources	Movement
						resources f	expended f	in funds f
Unrestricted		funds
General	fund					183,320	(76,384)	106,936
Restricted funds
General	fund
							(6,173)	(6,173)
TOTAL	FUNDS					183,320	(82,557)	100,763
Comparatives		for movement			in funds
							Net
							movement	At
						At 17L20	in funds	31.3.21
						f	f
Unrestricted		funds
General	fund					142,673	182,854	325,527
Restricted funds
General	fund
Property	revaluation		reserve.			3,785,592 1,619,607	(5,711)	3,779,881 1,619,607
						5,405,199	(5,711)	5,399,488
TOTAL FUNDS						5,547,872	177,143	5,725,015

			Incoming	Resources	I4ovement
			resources I	expended I	in funds 5
Unrestricted		funds
General	fund		261,140	(78,286)	182,854
Restricted funds
General	fund
				(5,711)	(5,711)
TOTAL	FUNDS		261,140	(83,997)	177,143

					Net
					movement	At
				At 13L20 I	in funds	31.3.22
Unrestricted		funds
General	fund			142,673	289,790	432,463
Restricted		funds
General	fund
Property	revaluation		reserve.	3,785,592 1,619,607	(11,884)	3,773,708 1,619,607
				5,405,199	(11,884)	5,393,315
TOTAL	FUNDS			5,547,872	277,906	5,825,778

Acurren	t ear	12months	andi12th	bid
	y		pror year mons	comne	net movement in funds,	included	in t	e above are	as
follows:
					Incoming	Resources		lvlovement
					resources I	expended f		in funds f
Unrestricted		funds
General	fund				444,460	(154,670)		289,790
Restricted funds
General	fund
						(11,884)		(11,884)
TOTAL	FUNDS				444,460	(166,554)		277,906

				31.3.22	31.3.21
				6	I
INCOME AND ENDOWMENTS
Investment income
Rents receivable				153,777	199,824
Other income
Insurance reimbursed				7,468	10,215
Service charges				18,208	27,626
Utilities recharged				3,867	17,333
Bad Debt Recovered					6,142
				29,543	61,316
Total incoming	resources			183,320	261,140
EXPENDITURE
Investment management			costs
Insurance				12,375	13,483
Sundries				240
Management fees				7,766	19,793
Property repairs				15,030	14,871
Bank Charges				122	113
Light Biheat				23,440	17,689
Cleaning				1,512	2,766
Water rates				4,252	233
Irrecoverable VAT				3,857	2,548
Postage and stationary				25	25
Computer expenses				384	384
Interest —LBTH overdraR				6,173	5,712
Accountancy fees				3,100	3,500
Auditors' remuneration				2,700	2,500
Legal 8 professional		fees		1,581	380
				82,557	83,997
Total resources expended				82,557	83,997
Net income				100,763	177,143