2023-03-31-accounts - North London Charities Ltd

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Trustees' annual report (incorporating		the	director's	report)
Independent auditor's	report to the members
Statement offinancial	activities (including		income and
expenditure account)
Statement offinancial	position				10
Notes to the financial	statements

				2023	2023	2022
				Unrestricted
			Note	funds f	Total funds 8	Total funds 6
Income and endowments
Donations and legacies investment income			5 6	159,108 118,341	159,108 118,341	113,278 147,679
Total income				277,449	277,449	260,957
Expenditure Expenditure on charitable	activities		7,8	145,901	145,901	131,536
Total expenditure				145,901	145,901	131,536
Net income and net movement		in funds		131,548	131,548	129,421
Reconciliation offunds
Total funds brought forward				333,157	333,157	203,736
Total funds carried forward				464,705	464,705	333,157

		31 March	2023
				2023	2022
					5
Fixed assets
Tangible fixed assets			11	11)027r180	11027390
Investments			12	206	206
				11,027,596	11,027,596
Current assets
Debtors			13	350,962	299,695
Cash at bank and in	hand			104,128	89,452
				455,090	389,147
Creditors: amounts	falling due within	one year	14	30i473	11,083,586
Net current assets				424,617	(10,694,439)
Total assets less current Ilabgities				11r452,213	333,157
Creditors: amounts	falling due after	more than
one year			15	10,987,508
Net assets				464,705	333,157
Funds ofthe charity Unrestricted funds				464,705	333,157
Total charity funds				464,705	333,157

Donations	a	n	d legacies
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds f	2023 8	Funds	2022
Donations
Donations	received			159,108	159,108	113,278	113,278
Investment		income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
				E			L'
Income from		listed investments		2,578	2,578	2,455	2,455
Rents receivable &service charge
income				115,763	115,763	145,224	145,224
				118,341	118,341	147,679	147,679
Expenditure			on charitable activities	by fund type
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
				5		E	8
Donations	made			97,440	97,440	103,720	103,720
Property outgoings Support costs				35,800 12,661	35,800 12,661	24,527 3,289	24,527 3,289
				145,901	145,901	131,536	131,536

Expenditure on charitable ac	tivities by activity type
	Activities
	undertaken	Total funds	Total fund
	directly Support costs f	2023 8	2022 8
Donations made	97,440	97,440	103,720
Property outgoings Governance costs	35,800 12,661	35,800 12,661	24,527 3,289
	12,661	145,901	131,536
Net income
Net income is stated after charging/(crediting):
		2023	2022
		8	E
Fees payable for the audit ofthe financial statements		9,000	3,000

11.	~ No remuneration or other benefits from employment w received by the trustees. Tangible fixed assets	ith the charity or a related entity were
		Investment
		Property
	Cost
	At 1 April 2022 and 31 March 2023	11,027,390
	Depreciation
	At 1 April 2022 and 31 March 2023
	Carrying amount At 31 March 2023	11,027,390
	At 31 March 2022	11,027,390
12.	Investments
		Listed
		investments
		6
	Cost or valuation
	At 1 April 2022 and 31 March 2023	206
	Impairment
	At 1 April 2022 and 31 March 2023
	Carrying amount At 31 March 2023	206
	At 31 March 2022	206

12.	inVeStmentS (eanrhuerr)	inVeStmentS (eanrhuerr)	inVeStmentS (eanrhuerr)
	UK group undertaking					Vitalina	Ltd	Igerville	Ltd		Housefrash		Ltd
	Country of incorporation					England		England			England
	Class and number	ofshares			held	Ordinary		Ordinary			Ordinary
						100shares	at E1	2shares at		F1	4shares at		61
	Proportion ofshares		held			100%		100%				100%
	Cost ofshares					F100
	Capital and reserves					F85,758		E7,511				R(704)
	Net profit for the year
	before payment to	NLC				E101,029		E5,300				R(708)
	Deed ofCovenant	payment
	to NLC					6101,029		F5,300
13.	Debtors
											2023		2022
	Other debtors										350,962		299,695
14.	Creditors: amounts		falling due within			one year
											2023		2022
											F.
	Amounts owed to related			undertakings								11,037,508
	Other creditors										30,473		46,078
											30,473	11,083,586
15.	Creditors: amounts		falling due after			more than one year
											2023		2022
											6		6
	Amounts owed to undertakings				in which	the charity	has a
	participating interest									10,987,508

Unrestricted funds
						At
			At		31March 202
			1 April 2022	Income	Expenditure	3
			6	K		6
Income and expenditure		account	333,157	277,449	(145,901)	464,705
						At
			At		31 March 202
			1 April 2021	Income	Expenditure	2
				E
Income and expenditure		account	203,736	260,957	(131,536)	333,157
Analysis of net assets		between funds
					Unrestricted	Total Funds
					Funds	2023
						6
Tangible fixed assets Investments					11,027,390 206	11,027,390 206
Current assets					455,090	455,090
Creditors less than	1 year				(11,017,981)	(11,017,981)
Net assets					464,705	464,705
					Unrestricted	Total Funds
					Funds	2022 f
Tangible fixed assets Investments					11,027,390 206	11,027,390 206
Current assets					389,147	389,147
Creditors less than	1 year				(11,083,586)	(11,083,586)
Net assets					333,157	333,157