2020-12-31-accounts

		Page	Page
Reference and Administrative Details
Report. ofthe Trustees		2	to	8
Independent Examiner's	Repott
Statement of Financial	Activities		10
Balance Sheet
Notes tothe Financial	Statements	12	to	20
Detailed Statement ofFinancial Activities		21	to	22

Trustees			A Rashidian	(Chairman)	(Chairman)
			A Rasiegar	(Co-Chairman)
			I Sandmann
			A Amiri
Chief Executive Officer			Dr 1Curtis	OBE,FBA (resigned —30/09/2020)
Academic Director			Dr J Curtis	OBE, FBA (I'rom 01/10/2020)
Director of	Operations		A Johansen	(from 01/10/2020)
Principal address			Asia House
			63New Cavendish		Street
			London
			WIG 7LP
Registered	office		Asia House
			63New Cavendish		Street
			London
			WIG 7LP
Registered	company	number	02510489(England		and Wales)
Registered	charity number		1001785
Independent	Examiners		Faiz dt Co	Limited
			Chartered Accountants
			8BAccommodation		Road
			Golder Green
			London NW11 8ED
Bankers			CAF Bank	Ltd
			25 Kings Hill Avenue
			Kings Hill
			West Mailing
			Kent
			lvIE19 4JQ
			Page I

Statement of Financial for the Year Ended 31	Activit Decem	ies ber 202	0
						31/12/20	31/12/19
			Unrestricted	Restricted	Endowment	Total	Total
		Notes	fund f	fund	fund	funds f.	funds f
INCOME AND
ENDOWMENTS FROM
Donations and legacies		2	114,124			114)124	187,165
Charitable activities		4
Direct Charitable Exp			262,$93			262,893	404,160
Other trading activities		3	~15 824			~15 824
Total			392,841			392,841	591,325
EXPENDITURE ON
Raising funds		5	172)228			172,228	235,116
Charitable activities
Direct Charitable Exp			137,790			137,790	282,776
Total			310,018			310)018	517,892
NKT INCOME			82,823			82)823	73,433
Transfers between funds		15	~113585)		~113585
Net movement in funds			(30,762)		1137585	$2,823	73,433
RECONCILIATION	OF
FUNDS
Total funds brought forward			146319			146319	72 886
TOTAL FUNDS CARRIED FORWARD			~tt5 557	-	~113585	~229 142	146,319

2,	DONATIONS AND LEGACIES
		31/12/20	31/12/19
	Gifis	(2)
	Donations	~114126	~187 )65
		~114124	~187 165
3.	OTHER TRADING ACTIVITIES
		31/12/20	31/12/19
		K
	Other income	15,824

	INCOME FROM CIIARITABLE ACTIVITIES	INCOME FROM CIIARITABLE ACTIVITIES	INCOME FROM CIIARITABLE ACTIVITIES	INCOME FROM CIIARITABLE ACTIVITIES
					31/12/20	31/12/19
	Chairman Dtnner		Activity Direct Charitable	Exp	30,000	f 46,629
	Monthly events Norouz Gala		Direct Charitable Direct Charitable	Exp Exp	2,550 184,208	2,575 326,970
	Persian Language Online Other income		Direct Charitable Direct Charitable	Exp Exp	40,000 5,810	21,748 6,238
	Nahrein Fellowships		Direct Charitable	Exp	325
					~262 893	~404 160
5.	RAISING FUNDS
	Raising donations and legacies				31/12/20	31/12/19
	Support costs				~82 772	119105
	Other trading activities				31/12/20	31/12/19
					f
	Support costs				~89 456	~ll 6011
	Aggregate amounts				~172 228	235,116
6.	CHARITABLE ACTIVITIES COSTS
					31/12/20	31/12/19
	Social and entertainment				111,169	162,330
	Conferences, workshops Courses	Ik	lecture series		4&361 5,272	65,443 4,275
	Performing Arts Fellowship and curatorship Grants				325 2,250	19,751 20,354
	Archive and digitizatton Persian Language Online Annual Report				10,243 4,170	3,000 3,878 3,745
	Total				137,790	282,776

SUPPORT		COSTS
					Governance
				Other	costs	Totals
					E
Raising donations and legacies Other trading activities				~$9 456	82,772	$2,772 ~89 456
				~89 456	~82 772	~172 228
Support costs, included			in the above, are as follows:
Other					31/12/20	3I/12/19
					Other
					trading	Total
					activities	activities
						f
Wages Rent					34,749 46,980	46,068 55,400
Insurance Computer expenses Telephone Postage and stationery General office expenses Governance costs					296 2.237 878 731 1,394 ~2191	2,432 11576 4,461 ~6074
					~$9 456	~116011
Governance costs
					31/12/20	3I/I 2/19
					Raising
					donations
					and	Total
					legacies	activities f
Wages Travel and		entertainment			70,551 207	93,532 9,296
Insurance Computer expenses Telephone Postage and stationery Sundries Legal and professional			fees		296 6,710 878 731 1,208 ~2191	7,295 1,576 I@14 ~6092
					~82 772	~119 105

10	STAFFCOSTS
.					31/12/20	31/12/19
	Wages and salaries				~105 300	139,600
					~105 300	139,600
	The average monthly number ofemployees		during the year	was as follows:
					31/12/20	31/12/19
	Administration				4	4
	No employees received emoluments	in excess ofI60,000.
11.	COMPARATIVES FOR THE STATEMENT OF FINANCIAl, ACTIVITIES Unrestricted Restricted Endowment					Total
			fund	fund	fund	funds
						f.
	INCOME AND ENDOWMENTS Donations and legacies	FROM	187,165			187,165
	Charitable activities Direct Charitable Exp		399,160	5,000		404,160
	Total		586,325	5,000		591,325
	EXPENDITURE ON Raising funds		235,116			235,116
	Charitable activities Direct Chantable Exp		278,501	4,275		282,776
	Total		513,617	4,275		517,892

11.	COlVIPARATIVES F continued	ORTIIE STATE	MENT OF FINA	NCIAL ACTI	VITIES-
			Unrestricted	Restricted	Endowment	Total
			fund	fund	fund	funds
	NET INCOME		72,708	725		73,433
	Transfers between funds		725	~725)
	Net movement in funds		73,433			73,433
	RECONCILIATION	OFFUNDS
	Total funds brought forward		72,886			72,886
	TOTAL FUNDS CARRIED
	FORWARD		146,319			146319
12.	TANGIBLE FIXEDASSETS
						Computer
						equipment
	COST
	At 1 January 2020 and
	31December 2020					300
	DEPRECIATION
	At 1 January 2020 and
	31December 2020					300
	NET BOOK VALUE
	At 31December 2020
	At 31December 2019

13.	DEBTORS.	AMOUNTS FALLING DUE WITHIN ONE	AMOUNTS FALLING DUE WITHIN ONE	YEAR
					31/12/20	31/12/19
						I
	Trade debtors				29,669
	Norouz Venue Deposit (Grosveno Other debtors				19,272 ~5000	~5000
					~53 941	5,000
14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					31/12/20	31/12/19
	Social securitY and other taxes					910
	Net wages Pension				339	3,164 272
	Accrued expenses				~3000	~4669
					~339	9015
15.	MOVEMENT IN FUNDS
				Net	Transfers
				movement	between	At
			At 1.1.20	in funds	funds	31.12.20
				f
	Unrestricted	funds
	General fund		146319	82,823	(113,585)	115,557
	Endowment	funds
	Endowment	Fund			113,585	113&585
	TOTAL FUNDS		~146319	~82 823	-	~229 142
	Net movement in fimds, included		in the above are as follows
				Incommg	Resources	Movement
				resources	expended f	in funds f
	Unrestricted	funds
	General fund			392,841	(310&018)	82,823
	TOTAL FUNDS			~392 841	~310018)	~82 823

Camparattves for movement in	funds
		Net	Transfers
		movement	between	At
	At 1.].19	in funds	funds f	31.12.19 f
Unrestricted funds
General fund	72,886	72,708	725	146,319
Restricted funds
Restricted Funds		725	(725)
TOTAL FUNDS	72,886	73433	-	1~46 319

Comparative net movement in funds, inc	luded in the above are as follows	:
	Incoming	Resources	Movement
	resources	expended	in funds
	f
Unrestricted funds
General fund	586,325	(513,617)	72,708
Restricted funds
Restricted Funds	5,000	(4,275)	725
TOTAL FUNDS	~591 325	~517 892)	73433

			Net	Transfers
			movement	between	At
		At 1.1.19	in funds f	funds f	31.12.20 f
Unrestricted	funds
General fund		72,886	155,531	(112,860)	115,557
Restricted funds
Restricted Funds			725	(725)
Endowment	funds
Endowment	Fund			113,585	I13,585
TOTAL FUNDS		72,886	156,256		229,142

	Incoming	Resources	Movement
	resources	expended	in funds
	f.
Unrestricted funds
General fund	979,166	(823,635)	155,531
Restricted funds
Restrioted Funds	5,000	(4,275)	725
TOTAL FUNDS	984,166	(827,910)	156,256

For the Year En	d	ed 31 Decetnber 2020
			31/12/20	31/12/19
			f,
INCOME AND		ENDOWMENTS
Donations and	legacies
Gills			(2)
Donations			~114126	187 165
			114,124	187,165
Other trading	activities
Other income			15,824
Charitable activities
Chairman Dinner			30,000	46,629
Monthly events			2,550	2,575
Norouz Gala			184,208	326,970
Persian Language		Online	40,000	21,748
Other income			5,810	6,238
Nahrein FeHowships			325
			~262893	404,160
Total incoming		resources	392,841	591,325
EXPENDITIIRE
Charitable activities
Direct Expenses			137,790	282,776
Support costs
Other
Wages			34,749	46,068
Rent			46,9$0	55,400
lnsm ance			296
Computer expenses			2s237	2,432
Telephone			$7tt
Postage and stationery			731	1,576
General office expenses Governance costs			1,394 ~2191	4,461 6 074
			$9,456	116,011
Governance costs
Wages			70,551	93,532
Canied forward			70,551	93,532

Detailed Statement of Fin For the Year Ended 3!D	ancial Activities ecember 2020
		31/12/20	31/12/19
		f,	f
Governance costs
Brought forward Travel and entertainment		70,551 207	93,532 9,296
Insurance		296
Computer expenses		6&710	7,295
Telephone Postage and stationery Sundries Legal and professional	fees	878 731 1,208 ~2191	1,576 1,314 6,092
		~82 772	119,105
Total resources expended		~310018	517,892
Net income		81,8?3	73,433