| CONTENTS | CONTENTS | |||
|---|---|---|---|---|
| Page | ||||
| Charity information |
||||
| Report ofthe Chair | ||||
| Report of the Trustees | 4-8 | |||
| Report ofthe Independent Examiner |
||||
| Statement of Financial | Activities | 10 | ||
| Statement of Financial | Position | |||
| Notes to the Financial | Statements | 12 —16 | ||
| The following pages do not form part of | the statutory | financial statements: | ||
| Income & Expenditure | Account (General | Fund) | 18 |
| Note | Unrest ricte d Gene ral Fund |
Unrestricted Designated Funds |
Restricte d Funds |
2021 Total | 2020 Total | |
|---|---|---|---|---|---|---|
| Incoming resources | ||||||
| Income from charitable activities |
8,125 | 8,125 | 73,852 | |||
| Income from trading activities |
2,266 | 2,266 | ||||
| Rent receivable | 768 | 768 | 39,741 | |||
| Sponsorship | 1,000 | 1,000 | 1,200 | |||
| Grants and donations |
2&3 | 155,581 | 5,000 | 160,581 | 23,283 | |
| Other income | 99 | 99 | 147 | |||
| Total incoming resources |
167,839 | 5,000 | 172,839 | 138,223 | ||
| Resources expended | ||||||
| Expenditure on activities in furtherance ofthe Trust's objects |
91,428 | 7,865 | 1,550 | 100,843 | 83,218 | |
| Cost of fundraising 8 publicity |
22,320 | 1,311 | 23,631 | 26,033 | ||
| Management and administration |
23,408 | 1,311 | 24,719 | 25,646 | ||
| Total resources expended | 137,156 | 10,487 | 1,550 | 149,193 | 134,897 | |
| Net incoming/(outgoing) resources before transfers |
30,683 | (10,487) | 3,450 | 23,646 | 3,326 | |
| Transfers between funds |
||||||
| Net movements in funds |
30,683 | (10,487) | 3,450 | 23,646 | 3,326 | |
| Fund balances brought forward |
55,308 | 234,996 | 290,304 | 286,978 | ||
| Fund balances carried forward | 85,991 | 224,509 | 3,450 | 313,950 | 290,304 |
| Note | 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Fixed assets | ||||||||
| Tangible fixed | assets | 238,479 | 250,645 | |||||
| Curre nt Assets | ||||||||
| Stock | 1,064 | |||||||
| Trade debtors | 1,200 | |||||||
| Prepayments | and | accrued income | 7,827 | 4,450 | ||||
| Other debtors | 2,165 | 307 | ||||||
| Cash at bank | 74,513 | 46,490 | ||||||
| 85,569 | 52,447 | |||||||
| Liabilities: amounts | falling due within | one year | ||||||
| Trade Creditors | 2,325 | 2,391 | ||||||
| Ticket income | held | 4,342 | 1,331 | |||||
| Accruals | 1,007 | 1,596 | ||||||
| Other creditors | 2,418 | 7,464 | ||||||
| 10,092 | 12,782 | |||||||
| Net Current Assets (Liabilities) | 75,477 | 39,665 | ||||||
| Net Assets | 313,956 | 290,310 | ||||||
| Represented by: |
||||||||
| Restricted funds |
||||||||
| Restricted funds |
3,450 | |||||||
| 3,450 | ||||||||
| Unrestricted funds |
||||||||
| General funds |
85,991 | 55,308 | ||||||
| Designated funds |
3 | 224,509 | 234,996 | |||||
| 310,500 | 290,304 | |||||||
| 313,950 | 290,304 | |||||||
| Trustees' capital |
||||||||
| Net Funds | 313,956 | 290,310 |
| Fund balance | Fund balance | |||||||
|---|---|---|---|---|---|---|---|---|
| brought | Depreciation | Transfers | carried | |||||
| forward | forward | |||||||
| E | ||||||||
| Freehold | Property | Fund | 232,335 | (9,157) | 0 | 223,178 | ||
| House-lights | Fund | 2,661 | (1,330) | 0 | 1,331 | |||
| 234,996 | (10,487) | 0 | 224,509 |
| Fund balance | Grants 8 | Fund balance | |||||
|---|---|---|---|---|---|---|---|
| brought | donations | Expenditure | carried | ||||
| forward | received | forward | |||||
| B | f | f | |||||
| London | Borough | ofTower | Hamlets | 0 | 5,000 | (1,550) | 3,450 |
| 0 | 5,000 | (1,550) | 3,450 |
| TANGIBLE FIXEDASSE | TS | TS | |||||
|---|---|---|---|---|---|---|---|
| Freehold improvements- tP I' Ch h S Paul's urch |
Freehold im prove ments- Road |
Furniture & equipment |
Kitchen furniture & equipment |
Steinway piano |
TQT | ||
| Cost | |||||||
| Balance at 31 March 2020 | 456,660 | 5,000 | 94,683 | 4,391 | 17,372 | 578,106 | |
| Additions | 0 | 0 | 0 | 0 | 0 | 0 | |
| Balance at 31 March 2021 | 456,660 | 5,000 | 94,683 | 4,391 | 17,372 | 578,106 | |
| Depreciation | |||||||
| Balance at 31 March 2020 | 214,044 | 5,000 | 91,045 | 0 | 17,372 | 327,461 | |
| Charge for the year | 9,157 | 0 | 1,912 | 1,097 | 0 | 12,166 | |
| Balance at 31 March 2021 | 223,201 | 5,000 | 92,957 | 1,097 | 17,372 | 339,627 | |
| Net book value | |||||||
| At 31 March 2021 | 233,459 | 1,726 | 3,294 | 0 | 238,479 | ||
| At 31 March 2020 | 242,616 | 3,638 | 4,391 | 0 | 250,645 |
| Note | Unrestricted General Fund |
Unrestricted Designated Funds |
Restricted Funds |
2020 Total | 2019Total | ||
|---|---|---|---|---|---|---|---|
| Incoming resources |
|||||||
| Income from charitable | activities | 73,852 | 73,852 | 71,165 | |||
| Rent receivable | 39,741 | 39,741 | 39,266 | ||||
| Sponsorship | 1,200 | 1,200 | 2,300 | ||||
| Grants and donations |
28 3 | 16060 | 0 | 7 223 | 23,283 | 27,281 | |
| Other income | 147 | 147 | 152 | ||||
| Total incoming resources |
131,000 | 0 | 7,223 | 138,223 | 140,164 | ||
| Resources expended | |||||||
| Expenditure on activities |
in | ||||||
| furtherance ofthe Trust's |
68,130 | 7,865 | 7,223 | 83,218 | 101,142 | ||
| objects | |||||||
| Cost offundraising & publicity |
24,722 | 1,311 | 26,033 | 31,077 | |||
| Management and administration |
24,335 | 1,311 | 25,646 | 26,480 | |||
| Total resources expended | 117,187 | 10,487 | 7,223 | 134,897 | 158,699 | ||
| Net incoming/(outgoing) resources before transfers |
13,813 | (10,487) | 3,326 | (18,535) | |||
| Transfers between funds |
|||||||
| Net movements in funds |
13,813 | (10,487) | 3,326 | (18,535) | |||
| Fund balances brought |
forward | 41,495 | 245,483 | 0 | 286,978 | 305,513 | |
| Fund balances carried forward |
55,308 | 234,996 | 0 | 290,304 | 286,978 |
| Unrestricted | Restricted | ||
|---|---|---|---|
| Funds | Fund | Total | |
| F | f | ||
| Fixed Assets | 238,479 | 0 | 238,479 |
| Current Assets | 82,119 | 3,450 | 85,569 |
| Curre nt liabilitie s | 10,092 | 0 | 10,092 |
| 310,506 | 3,450 | 313,956 |
| INCOME | @2221 g |
@2221 g |
2021 f, |
2021 f, |
~220f 2020 |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income from | charitable | activities | ||||||||||
| Ticket & programme | income | |||||||||||
| Own & shared | promotions | 7,475.94 | 28,392.61 | |||||||||
| Fundraising | events | 0.00 | 1,322.75 | |||||||||
| Recharged | costs | 447.65 | 1,118.73 | |||||||||
| Hall hire | (691.40) | 11,610.80 | ||||||||||
| Fees 8 workshop | income | received | 893.00 | 31,406.94 | ||||||||
| 8, | 125.19 | 73,851.83 | ||||||||||
| Cafe income | ||||||||||||
| Rent | 767.84 | 28,671.00 | ||||||||||
| Utilities & |
recharges | 0.00 | 11,069.70 | |||||||||
| 767.84 | 39,740.70 | |||||||||||
| Bar Income | 2,265.96 | 0.00 | ||||||||||
| Sponsorship | income | 1,000.00 | 1,200.00 | |||||||||
| Voluntary income |
||||||||||||
| Grants | 125,328.95 | 5,000.00 | ||||||||||
| Donations, | friends | & | giR | aid | 30,251.68 | 11,060.07 | ||||||
| Legacy | 0.00 | 0.00 | ||||||||||
| 155,580.63 | 16,060.07 | |||||||||||
| Other income | ||||||||||||
| Bank interest | 24.23 | 55.24 | ||||||||||
| Miscellaneous | income | 74.86 | 92.04 | |||||||||
| 99.09 | 147.28 | |||||||||||
| GENERAL FUND INCOME FOR THE | YEAR | 167,838.71 | 130,999.88 | |||||||||
| EXPENDITURE | ||||||||||||
| Bar costs | ||||||||||||
| Purchases | net | of | clsoing | stock | 1,055.67 | 0.00 | ||||||
| Equipment | maintenance | & lease | 819.00 | 0.00 | ||||||||
| Bank and | credit | card | charges | 264.12 | 0.00 | |||||||
| Staff training | 85.00 | 0.00 | ||||||||||
| Miscellaneous | 184.56 | 0.00 | ||||||||||
| 2,408.35 | 0.00 | |||||||||||
| Charitable activity |
costs | |||||||||||
| Project 8 | event | costs | 50,135.81 | 22,747.26 | ||||||||
| Property costs | ||||||||||||
| Maintenance | 6,786.45 | 11,049.70 | ||||||||||
| Insurance | 2,961.86 | 2,519.46 | ||||||||||
| Utilities | 6, | 117.80 | 13,722.44 | |||||||||
| 15,866.11 | 27,291.60 | |||||||||||
| Administration | costs | |||||||||||
| Staff costs | 60,943.13 | 62,892.41 | ||||||||||
| Marketing | and | publicity | 1,882.55 | 4,622.39 | ||||||||
| Website design | & updates | 0.00 | 200.00 | |||||||||
| Office | 4,327.73 | 4,107.48 | ||||||||||
| Bank and | credit | card | charges | 802.37 | 1,246.79 | |||||||
| Bad and doubtful | debts | 0.00 | 0.00 | |||||||||
| Professional fees |
(payroll) | 660.20 | 468.35 | |||||||||
| Miscellaneous | 0.00 | 0.00 | ||||||||||
| 68,615.98 | 73,537.42 | |||||||||||
| Depreciation | ||||||||||||
| Furniture, | fixtures | & equipment | 1,678.97 | 833.42 | ||||||||
| 1,678.97 | 833.42 | |||||||||||
| EXPENDITURE SUB-TOTAL | 138,705.22 | 124,409.70 | ||||||||||
| Expenditure reallocated |
to | Restricted | Funds | ~1.550.00 | ~7,223.38 | |||||||
| GENERAL | FUND EXPENDITURE FOR THE | YEAR | 137,155.22 | 117,186.32 | ||||||||
| NET | GENERAL FUND SURPLUS (DEFICIT) | 30,683.49 | 13,813.56 |
| CONTENTS | CONTENTS | |||
|---|---|---|---|---|
| Page | ||||
| Charity information |
||||
| Report ofthe Chair | ||||
| Report of the Trustees | 4-8 | |||
| Report ofthe Independent Examiner |
||||
| Statement of Financial | Activities | 10 | ||
| Statement of Financial | Position | |||
| Notes to the Financial | Statements | 12 —16 | ||
| The following pages do not form part of | the statutory | financial statements: | ||
| Income & Expenditure | Account (General | Fund) | 18 |
| Note | Unrest ricte d Gene ral Fund |
Unrestricted Designated Funds |
Restricte d Funds |
2021 Total | 2020 Total | |
|---|---|---|---|---|---|---|
| Incoming resources |
||||||
| Income from charitable activities |
8,125 | 8,125 | 73,852 | |||
| Income from trading activities |
2,266 | 2,266 | ||||
| Rent receivable | 768 | 39,741 | ||||
| Sponsorship | 1,000 | 1,000 | 1,200 | |||
| Grants and donations |
2&3 | 155,581 | 5,000 | 160,581 | 23,283 | |
| Other income | 99 | 147 | ||||
| Total incoming resources |
167,839 | 5,000 | 172,839 | 138,223 | ||
| Resources expended | ||||||
| Expenditure on activities in furtherance ofthe Trust's objects |
91,428 | 7,865 | 1,550 | 100,843 | 83,218 | |
| Cost of fundraising 8 publicity |
22,320 | 1,311 | 23,631 | 26,033 | ||
| Management and administration |
23,408 | 1,311 | 24,719 | 25,646 | ||
| Total resources expended | 137,156 | 10,487 | 1,550 | 149,193 | 134,897 | |
| Net incoming/(outgoing) resources before transfers |
30,683 | (10,487) | 3,450 | 23,646 | 3,326 | |
| Transfers between funds |
||||||
| Net movements in funds |
30,683 | (10,487) | 3,450 | 23,646 | 3,326 | |
| Fund balances brought forward |
55,308 | 234,996 | 290,304 | 286,978 | ||
| Fund balances carried forward | 85,991 | 224,509 | 3,450 | 313,950 | 290,304 |
| Note | 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Fixed assets | ||||||||
| Tangible fixed | assets | 238,479 | 250,645 | |||||
| Curre nt Assets | ||||||||
| Stock | 1,064 | |||||||
| Trade debtors | 1,200 | |||||||
| Prepayments | and | accrued income | 7,827 | 4,450 | ||||
| Other debtors | 2,165 | 307 | ||||||
| Cash at bank | 74,513 | 46,490 | ||||||
| 85,569 | 52,447 | |||||||
| Liabilities: amounts | falling due within one year | |||||||
| Trade Creditors | 2,325 | 2,391 | ||||||
| Ticket income | held | 4,342 | 1,331 | |||||
| Accruals | 1,007 | 1,596 | ||||||
| Other creditors | 2,418 | 7,464 | ||||||
| 10,092 | 12,782 | |||||||
| Net Current Assets (Liabilities) | 75,477 | 39,665 | ||||||
| Net Assets | 313,956 | 290,310 | ||||||
| Represented by: |
||||||||
| Restricted funds | ||||||||
| Restricted funds |
3,450 | |||||||
| 3,450 | ||||||||
| Unrestricted funds |
||||||||
| General funds |
85,991 | 55,308 | ||||||
| Designated funds |
3 | 224,509 | 234,996 | |||||
| 310,500 | 290,304 | |||||||
| 313,950 | 290,304 | |||||||
| Trustees' capital |
||||||||
| Net Funds | 313,956 | 290,310 | ||||||
| Authorised and approved |
for issue by the Trustees | on | i.—..~.January 2022. |
| Fund balance | Fund balance | |||||||
|---|---|---|---|---|---|---|---|---|
| brought | Depreciation | Transfers | carried | |||||
| forward | forward | |||||||
| Freehold | Property | Fund | 232,335 | (9,157) | 0 | 223,178 | ||
| House-lights | Fund | 2,661 | (1,330) | 0 | 1,331 | |||
| 234,996 | (10,487) | 0 | 224,509 |
| Fund balance | Grants 8 | Fund balance | |||||
|---|---|---|---|---|---|---|---|
| brought | donations | Expenditure | carried | ||||
| forward | received | forward | |||||
| B | f | f | |||||
| London | Borough | ofTower | Hamlets | 0 | 5,000 | (1,550) | 3,450 |
| 0 | 5,000 | (1,550) | 3,450 |
| TANGIBLE FIXEDASSE | TS | TS | |||||
|---|---|---|---|---|---|---|---|
| Freehold improvements- StP I' Ch h Paul's urch |
Freehold im prove ments- Road |
Furniture & equipment |
Kitchen furniture & equipment |
Steinway piano |
TQT | ||
| Cost | |||||||
| Balance at 31 March 2020 | 456,660 | 5,000 | 94,683 | 4,391 | 17,372 | 578,106 | |
| Additions | 0 | 0 | 0 | 0 | 0 | 0 | |
| Balance at 31 March 2021 | 456,660 | 5,000 | 94,683 | 4,391 | 17,372 | 578,106 | |
| Depreciation | |||||||
| Balance at 31 March 2020 | 214,044 | 5,000 | 91,045 | 0 | 17,372 | 327,461 | |
| Charge for the year | 9,157 | 0 | 1,912 | 1,097 | 0 | 12,166 | |
| Balance at 31 March 2021 | 223,201 | 5,000 | 92,957 | 1,097 | 17,372 | 339,627 | |
| Net book value | |||||||
| At 31 March 2021 | 233,459 | 1,726 | 3,294 | 0 | 238,479 | ||
| At 31 March 2020 | 242,616 | 3,638 | 4,391 | 0 | 250,645 |
| Note | Unrestricted General Fund |
Unrestricted Designated Funds |
Restricted Funds |
2020 Total | 2019Total | ||
|---|---|---|---|---|---|---|---|
| Incoming resources |
|||||||
| Income from charitable | activities | 73,852 | 73,852 | 71,165 | |||
| Rent receivable | 39,741 | 39,741 | 39,266 | ||||
| Sponsorship | 1,200 | 1,200 | 2,300 | ||||
| Grants and donations |
28 3 | 16060 | 0 | 7 223 | 23,283 | 27,281 | |
| Other income | 147 | 147 | 152 | ||||
| Total incoming resources |
131,000 | 7,223 | 138,223 | 140,164 | |||
| Resources expended | |||||||
| Expenditure on activities |
in | ||||||
| furtherance ofthe Trust's |
68,130 | 7,865 | 7,223 | 83,218 | 101,142 | ||
| objects | |||||||
| Cost offundraising & publicity |
24,722 | 1,311 | 26,033 | 31,077 | |||
| Management and administration |
24,335 | 1,311 | 25,646 | 26,480 | |||
| Total resources expended | 117,187 | 10,487 | 7,223 | 134,897 | 158,699 | ||
| Net incoming/(outgoing) resources before transfers |
13,813 | (10,487) | 3,326 | (18,535) | |||
| Transfers between funds |
|||||||
| Net movements in funds |
13,813 | (10,487) | 3,326 | (18,535) | |||
| Fund balances brought |
forward | 41,495 | 245,483 | 0 | 286,978 | 305,513 | |
| Fund balances carried forward |
55,308 | 234,996 | 0 | 290,304 | 286,978 |
| Unrestricted Funds |
Restricted Fund |
Restricted Fund |
Total | |
|---|---|---|---|---|
| F | f | |||
| Fixed Assets | 238,479 | 0 | 238,479 | |
| Current Assets | 82,119 | 3,450 | 85,569 | |
| Curre nt liabilitie s | 10,092 | 0 | 10,092 | |
| 310,506 | 3,450 | 313,956 |