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2022-03-31-accounts

		Pacaee
Chair's Report		2 —3
Directors' and Trustees'	Report	4 —10
Independent Examiner's	Report
Statement ofFinancial Activities		12
Balance Sheet		13
Notes to the Financial Statements		14—24

REFERENCE AND ADMINISTRATIVE DETAILS	REFERENCE AND ADMINISTRATIVE DETAILS	REFERENCE AND ADMINISTRATIVE DETAILS	REFERENCE AND ADMINISTRATIVE DETAILS
Company	Number:		01659324
Charity Number:			289423
Directors:			Maria Way —Chair
			Lelah Palmer —Treasurer
			Richard Bartram
			Warren Drew
			Brogan McPherson
			Victoria Actua
			Rev Ben Bell
			Ruth Lomax
			Cllr Kam Adams	(Appointed		12/01/2022)
Secretary:			Paul Fleming
Senior Management:			Paul Fleming —Executive Director
Registered		Office:	156 Hoxton Street,		London	N1 6SH
Website:			www. hoxtontrust.	org
Independent		Examiner:	David Terry FCA,
			Ramon Lee Ltd, 93Tabernacle				Street, London EC2A 4BA
Bankers:			Bank of Scotland,		London	Chief Office Branch, P.O. Box 1000, BX2 1LB
Solicitors:			Nicholas &Co., 18-22Wigmore				Street, London W1U 2RG

							Unrestricted	Restricted	Total	Total
						Notes	Funds	Funds	2022	2021
									6	f
Income
Donations							22,181		22,181	9,288
Income from		charitable		activities			23,278	41,690	64,968	86,042
Income from		trading	activities				72,366		72,366	65,549
Total income							117,825	41,690	159,515	160,879
Expenditure
Cost of raising funds						5	18,268		18,268	25,482
Expenditure		on charitable			activities	5	98,155	33,500	131,655	122,208
Total expenditure							116,423	33,500	149,923	147,690
Net income/(expenditure)					and net		1,402	8,190	9,592	13,189
Reconciliation		offunds
Total funds,	brought		forward				62,483		62,483	49,294
Total funds,		carried	forward				63,885	8,190	72,075	62,483

GRANTS	AND DONATIONS
		Unrestricted	Restricted	Total	Total
		Funds	Funds	2022	2021
				E	E
L B.Hackney		15,000		15,000
Individual	giving	7,181		7,181	9,288
		22,181		22,181	9,288

INCOME FROM CHARITABLE ACTIVITIES	INCOME FROM CHARITABLE ACTIVITIES	INCOME FROM CHARITABLE ACTIVITIES
			Unrestricted	Restricted	Total	Total
			Funds	Funds	2022	2021
					8	6
Legal Advice
Barton House Group			7,500		7,500
City Bridge Trust				11,500	11,500	13,750
East End Citizens Advice	Bureaux			15,000	15,000	15,000
Trust for London				7,000	7,000	14,500
Neighbourly Community	Fund					400
The Screwfix Foundation						2,430
The Foyle Foundation						8,000
Furlough Grant			1,028		1,028	17,462
Community Gardening
Garden income			14,750		14,750
National Lottery Community		Fund		8,190	8,190	12,500
Agulhas Donation						2,000
			23,278	41,690	64,968	86,042

NCOME FROM OTHER TRADI	NG ACTIVITIES
	Unrestricted	Restricted	Total	Total
	Funds	Funds	2022	2021
	f		f
Rental Income	66,366		66,366	65,549
Bad debts recovered	6,000		6,000
	72,366		72,366	65,549

ANALYSIS	OF EXPENDITURE
		Raising	Legal	Community	Total	Total
		Funds	Advice	Gardening	2022	2021
			f
Salary costs		11,175	59,196	25,814	96,185	84,839
Volunteer expenses			682	1,365	2,047	700
Premises costs		6,092	6,092	6,092	18,276	19,646
Other direct	project costs		1,849	11,877	13,726	6,831
Support notes (Note 6)		901	8,404	8,404	17,709	33,874
Governance	costs (Note 6)	100	940	940	1,980	1,800
		18,268	77,163	54,492	149,923	147,690

The charity	initially	identifies	identifies	the	costs	of its support	of its support	functions.	functions.	It then	identifies	identifies	those	those	costs which	relate to	relate to
the governance function.			Governance			costs and	other support costs				are	apportioned			separately	between
charity's key activity		undertaken			(see	note 5) in	the year.		All	the general		support		and governance			costs
have been	apportioned		to	the	various	charitable		activities	on the		basis	of	staff	time allocated		to	each
activity.
						Support				Governance					Total		Total
								Costs		Costs					2022		2021
								f							f		8
Finance and	administration		staff					3,725							3,725		6,088
Communication and		ITcosts						5,337							5,337		4,010
Legal and professional costs								935							935		934
General office costs								471							471		20
Bad debts								7,241							7,241		22,822
Independent	Examiner's fees									1,980					1,980		1,800
							17,709			1,980				19,689			35,674

NET INCOME/(	EXPEND	ITURE) FOR THE YEAR
			2022	2021
Net movement	in funds	is shown after charging:
Independent examiner's		fees	1,980	1,800
Operating lease	rent		8,000	6,000
Depreciation on	tangible	fixed assets	1,874	3,158

			2022	2021
STAFF	COSTS
Salaries			93,696	84,098
National	Insurance		3,589	1,864
Pension			2,625	2,325
Redundancy		pay		2,532
			99,910	90,819

		2022	2021
Net book	value:
Fixtures,	fittings and equipment	327	491
Computer	Equipments	2,705	3,816
		3,032	4,307

				3,032	4,307
Movements in the period:
Cost:		Opening	Additions	Disposals	Closing
		Balances			Balances
Fixtures,	fittings and equipment	21,431			21,431
Computer	Equipments	6,242	600		6,842
		27,673	600		28,273
Depreciation:		Opening	Charge	Disposals	Closing
		Balances	For Period		Balances
		f	6		6
Fixtures,	fittings and equipment	20,940	164		21,104
Computer	Equipments	2,426	1,711		4,137
		23,366	1,874		25,241

2022	2021
	3,142
	3,142

CREDITORS: amounts falling due within one year
	2022	2021
Accruals	1,980	2,144
Other Creditors	1,176	478
Taxation and social security	4,636	1,779
	7,792	4,401

MOVEMENT IN FUNDS
		Balance at	Income	Expenditure	Balance at
		'01/04/2021			31/03/2022
Restricted funds:
City Bridge Trust			11,500	11,500
East End Citizens Advice Bureaux			15,000	15,000
Trust for London			7,000	7,000
National Lottery Community	Fund		8,190		8,190
			41,690	33,500	8,190
Unrestricted funds
General funds		62,483	117,825	116,423	63,885
		62,483	117,825	116,423	63,885
Total funds		62,483	159,515	149,923	72,075

MOVEMENT	IN FUNDS (Cont/d)
Movement in funds —previous		year
			Balance at	Income	Expenditure	Balance at
			01/04/2020			31/03/2021
Restricted funds:
Legal Advice	service			31,930	31,930
				31,930	31,930
Unrestricted	funds
General funds			49,294	128,949	115,760	62,483
			49,294	128,949	115,760	62,483
Total funds			49,294	160,879	147,690	62,483

			Unrestricted	Restricted	Total
			Funds	Funds	2022
				f
Tangible	Fixed assets		3,032		3,032
Net Current assets			60,853	8,190	69,043
			63,885	8,190	72,075
ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS —previous				year
			Unrestricted	Restricted	Total
			Funds	Funds	2021
				f	f
Tangible	Fixed assets		4,307		4,307
Net Current assets			58,176		58,176
			62,483		62,483
DEFERRED INCOME
				2022	2021
Balance	brought	forward			7,250
Amount	released	to income	in the year		(7,250)
Amount	deferred	in the year
Balance	carried	forward

At 31 March	2022, the charity had annual commitments	under non-cancellable operating leases	as follows:
		2022	2021
Operating	Lease Commitment
In one year		8,000	18,000
Two to five	years	32,000	16,008
		40,000	34,008