|||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|||
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|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|
##
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|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|
##
##
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##
|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|
##