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|||||Page||
|---|---|---|---|---|---|
|Report ofthe Trustees|||1|to|6|
|Independent
Examiner's||Report||||
|Statement ofFinancial||Activities||||
|Balance Sheet|||9|to|10|
|Notes to the Financial|Statements||11|to|19|
|Detailed Statement of|Financial Activities||20|to|21|
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|for the Year Ended 31|Decem|ber 202|1||||||
|---|---|---|---|---|---|---|---|---|
||||||||31/12/21|3I/12/20|
||||Unrestricted|Restricted|Endowment||Total|Total|
||||fund|fund|fund||funds|funds|
|||Notes|f||f||||
|INCOME AND|||||||||
|ENDOWMENTS
FROM|||||||||
|Donations
and legacies||2|67,839||||67,839|114,124|
|Charitable
activities||4|||||||
|Direct Charitable
Exp|||49~6||||49,236|262,893|
|Other trading activities||3||||14|14|15,824|
|Total|||117,075|||14|117,089|392,841|
|EXPENDITURE ON|||||||||
|Raising funds||5|94/60||||94)260|172,228|
|Charitable
activities|||||||||
|Direct Charitable
Exp|||16,328||||16,328|137,790|
|Total|||110,588||||I]0,588|310,018|
|NET INCOME|||6,487|||14|6,501|82,823|
|Transfers
between
funds||15|~30 98)||~30|398|||
|Net movement
in funds|||(23,911)||30,412||6,501|82,823|
|RECONCILIATION|OF||||||||
|FUNDS|||||||||
|Total funds brought
I'orward|||115,557||113,585||229,142|146,319|
|TOTAL FUNDS|||||||||
|CARRIED FORWARD|||91,646||143|997|235,643|229,142|
|31 December|2021|||||||
|---|---|---|---|---|---|---|---|
|||||||31/12/21|31/12/20|
||||Unrestricted|Restricted|Endowment|Total|Total|
||||fund|fund|fund|funds|funds|
|||Notes|||8|||
|CURRENT
Debtors|ASSETS|13|||||53,94!|
|Cash at bank|and in hand||95,037||143,997|239,034|~178 540|
||||95,037||143,997|239)034|232,481|
|CREDITORS||||||||
|Amounts
faging due within
one year||14|(3,391)|||(3,391)|(3,339)|
|NET CURRENT ASSETS|||~91 646||~143997|~235 643|~229 142|
|TOTAL ASSETSLESS||||||||
|CURRENT|LIABILITIES||91,646||143,997|235,643|229,142|
|NET ASSETS|||91646||143,997|235,643|229,142|
|FUNDS||15||||||
|Unrestricted|funds|||||91,646|115,557|
|Endowment|funds|||||~143997|~113585|
|TOTAL FUNDS||||||~235 643|229,142|
##
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|2.|DONATI|ONS
AND|LEGACIES||||
|---|---|---|---|---|---|---|
|||||31/12/21|31/12/20||
|||||8|f||
||Gills|||||(2)|
||Donations|||~67839|~114|126|
|||||~67 839|~114|124|
|3.|OTHER|TRADING|ACTIVITIES||||
|31/12/21|31/12/20|
|---|---|
|14|~15 824|
##
|4.|INCOME FROM CHAR|ITABLE ACTIVI|TIES||||
|---|---|---|---|---|---|---|
||||||31/12/21|31/12/20|
||Chairman
Dinner|Activity
Direct Charitable|Exp||8|30,000|
||Monthly
events
Norouz Gala|Direct Charitable
Direct Charitable|Exp
Exp||3,356|2,550
184,208|
||Persian Language
Online
Other income
Nahrein
Fellowships|Direct Charitable
Direct Charitable
Direct Charitable|Exp
Exp
Exp||41,655
4,225|40,000
5,810
3?5|
||||||~49 36|262,893|
|5.|RAISING FUNDS||||||
||Raising donations
and legacies||||31/12/21|31/12/20|
||||||f.||
||Support costs||||~58 198|82,772|
||Other trading activities||||31/12/21|31/12/20|
||Support costs||||~36 062|89456|
||Aggregate
amounts||||~94 260|172 28|
|6.|CHARITABLE ACTIVITIES COSTS||||||
||||||31/12/21|31/I2/20|
||||||6|f|
||Social and entertainment||||(4,625)|111,169|
||Conferences,
workshops & lecture series
Courses||||7,793
4)522|4,361
5,272|
||Performing
Arts
Fellowship
snd curatorship
Grants|||||325
2,250|
||Exhibition catalogue cost
Persian Language
Online
Annual
Report||||383
8,255|10,243
4, 170|
||Total||||16,328|137,790|
||Sorial and entertainment|costs above is a refund||received|Irom hotel for the cancellation|ofNorouz|
||Gala.||||||
##
|SUPPORT COS|TS||||
|---|---|---|---|---|
||||Governance||
|||Other|costs|Totals|
||||6||
|Raising donations
and legacies
Other trading activities
Direct Charitable
Exp||36,062
~1|58,198|58,198
36,062
~1)|
|||36,061|58,198|~94 259|
##
|Other||||||||
|---|---|---|---|---|---|---|---|
|||||||31/12/21|31/12/20|
|||||Other|Direct|||
|||||trading|Charitable|Total|Total|
|||||activities|Exp|activities|activities|
|Wages
kent||||23,D99
6,DDD||23,099
6,00D|34,749
46,980|
|Insurance|||||||296|
|Computer
expenses
Telephone
Postage and stationery
General office expenses
Governance
costs||||2,294
3)162
~1507||2,294
3,161
1,507|2 237
878
731
1,394
)2 191|
|||||36,062||~36 061|~89 456|
|Governance||costs||||||
|||||||31/12/21|31/!2/20|
|||||||Raising||
|||||||donations||
|||||||snd|Total|
|||||||legacies|activities
f|
|Wages
Travel and|entertainment|||||46,898
24|70,551
207|
|Insurance|||||||296|
|Computer expenses
Telephone
Postage and stationery
Sundries||||||6,883
2,886|6,710
878
731
1,2D8|
|Legal and|professional||fees|||~1507|~2191|
|||||||58,198|~82 772|
##
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##
##
||||31/12/21|31/12/20|
|---|---|---|---|---|
|||||6|
|Wages|and|salaries|69,997|105300|
||||~69 997|~105 300|
||The average monthly
number ofem|ployees
du|ring
the year|was as follows|:||
|---|---|---|---|---|---|---|
||||||31/I2/21|31/12/20|
||Administration||||3|4|
||No employees
received emoluments|in excess|off60,000.||||
|11.|COlVIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||||
||||Unrestricted|Restricted|Endowment|Total|
||||fund|fund|fund|funds|
||INCOME AND ENDOWlVIENTS|FROM|||||
||Donations
and legacies||114,124|||114,124|
||Charitable
activities||||||
||Direct Charitable
Exp||262,893|||262,893|
||Other trading activities||15 824|||15,824|
||Total||392,841|||392,841|
||EXPENDITURE ON||||||
||Raising funds||172,228|||172228|
||Charitable
activities||||||
||Direct Charitable
Exp||137,790|||137,790|
|11,|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES-|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES-|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES-|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES-|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES-||
|---|---|---|---|---|---|---|
||continued||||||
||||Unrestricted|Restricted|Endowment|Total|
||||fund|fund|fund|funds|
||||f.|8|8|f.|
||Total||310,018|||310,018|
||NET INCOME||82,823|||82,823|
||Transfers
between
funds||~II3 585)||113585||
||Net movement
in fuads||(30,762)||113,585|82,823|
||RECONCILIATION|OF FUNDS|||||
||Total funds brought|forward|146,319|||146,319|
||TOTAL F'UNDS CARRIED||||||
||FORWARD||115,557||113585|229 142|
|12.|TANGIBLE FIXED|ASSETS|||||
|||||||Computer|
|||||||equipment|
||COST||||||
||At I January 2021 and||||||
||31December 2021|||||300|
||DEPRECIATION||||||
||At
I January 2021 snd||||||
||31December 2021||||||
||NET BOOK VALUE||||||
||At 31December 2021||||||
||At 31December 2020||||||
##
##
|||||||31/I2/21|31/12/20|
|---|---|---|---|---|---|---|---|
||Trade debtors||||||29,669|
||Norouz Venue
Other debtors||Deposit (Grosveno||||19,272
~5000|
||||||||53,941|
|14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||||
|||||||31/12/21|31/12/20|
|||||||f|f|
||Trade creditors|||||(I)||
||Social security
Pension||and other taxes|||295
97|339|
||Accrued expenses|||||3,000|~3000|
|||||||~391|3339|
|15.|MOVEMENT||IN FUNDS|||||
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.1.21
f.|in funds|funds|3'l.l2,2I
f|
||Unrestricted|funds||||||
||General
fund|||115,557|6,487|(30398)|91,646|
||Endowment|funds||||||
||Endowment|Fund||113,585|14|30498|143,997|
||TOTAL FUNDS|||~229 142|6,501||235,643|
||Net movement||in funds, included|in the above are as follows:||||
||||||Incoming|Resources|Movement|
||||||resources
f|expended|in funds|
||Unrestricted||funds|||||
||General fund||||117,075|(H0,588)|6,487|
||Endowment|funds||||||
||Endowment|Fund|||14||14|
||TOTAL FUNDS||||~117089|~110588)|~6501|
##
##
|Comparative|s
for movement
in|funds||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1.1.20|in funds|funds|31.12.20|
||||f||f.|
|Unrestricted
General
fund|funds|146,319|82,823|(113,585)|I!5,557|
|Endowment|funds|||||
|Endowment|Fund|||113,585|113,585|
|TOTAL FUNDS||146,319|82 823||229,142|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources
f|expended
f.|in funds
f|
|Unrestricted||funds||||
|General|fund||392,841|(310,018)|82,823|
|TOTAL|FUNDS||392,841|~310,018|~82 823|
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1.1.20|in funds
f|funds
f|31.12.21|
|Unrestricted|funds|||||
|General fund||146,319|89,310|(143,983)|91,646|
|Endowment|funds|||||
|Endowment|Fund||14|143,983|143,997|
|TOTAL FUNDS||~146 319|~89 324|-|235,643|
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General
fund||509,916|(420,606)|89,310|
|Endowment|funds||||
|Endowment|Fund|14|||
|TOTAL FUNDS||509930|~420,606)|~89 324|
##
|Detailed Statement ofFinancial|Activities|||
|---|---|---|---|
|for the Year Ended 31 December|2021|||
|||31/12/21|31/12/20|
|||f.||
|INCOME AND ENDOWMENTS||||
|Donations
and legaries||||
|Gifts|||(2)|
|Donations||67,S39|114,126|
|||67,839|114,124|
|Other trading
activities
Other income||14|15,824|
|Charitable
activities||||
|Chairman
Dinner|||30,000|
|Monthly
events
Norouz Gala||3456|2,550
184,208|
|Persian Language
Online
Other income||41,655
4,225|40,000
5,810|
|Nahrein
Fellowships|||325|
|||49,236|262,893|
|Total incoming
resources||117,089|392,841|
|EXPENDITURE||||
|Charitable
activities||||
|Direct Expenses||16+29|137,790|
|Support costs||||
|Other||||
|Wages
Rent||23,099
6,000|34,749
46,980|
|Insurance|||296|
|Computer
expenses||2,294|2,237
878|
|Telephone
Postage and stationery
General office expenses
Governance
costs||3,161
~1507|731
1,394
~2191|
|||36,061|89,456|
|Governance
costs||||
|Wages
Carried
forward||46,898
46,898|70,551
70,551|
|Detailed Statement of Financial Activities|Detailed Statement of Financial Activities|||
|---|---|---|---|
|for the Year Ended 31 December 2021||||
|||31/12/21|3I/12/20|
|||6||
|Governance
costs||||
|Brought forward
Travel and entertairunent||46,898
24|70,551
207|
|Insurance|||296|
|Computer
expenses
Telephone
Postage and stationery
Sundries||6,8S3
2,886|6,710
878
731
1,208|
|Legal and professional|fees|1,507|2,191|
|||~58 198|82 772|
|Total resources expended||110,58S|310,018|
|Net income||~6501|~82 823|