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|||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||
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|||||||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|
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||||||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|
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||||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|
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|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.||||||||||||||
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||||||||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|
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||||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||
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|||||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|