| CONTENTS | ||
|---|---|---|
| CHARITY INFORMATION | ||
| TRUSTEES' REPORT | 2-3 | |
| INDEPENDENT EXAMINER'S REPORT |
4-5 | |
| STATEMENT OF FINANCIAL ACTIVITIES | ||
| BALANCE SHEET | ||
| NOTES TO THE ACCOUNTS | 8 -11 |
| Date ofTrust | Deed: | 14 May 1990 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Settlor: | Akbarali F A Pabani |
||||||||
| Trustees: | Akbarali F A Pabani |
||||||||
| Bahadurali F A |
Pabani | ||||||||
| Aminmohamed | F A Pabani | ||||||||
| Nizar Pabani | |||||||||
| Objects ofTrust; | The trust shall pay or apply | the | income | ofthe trust fund | in such a manner as | ||||
| they shall in their absolute |
discretion | think | fit to or for the benefit | of any | |||||
| charitable object or purpose |
with | the power to resort to | the capital of | the trust | |||||
| for any purpose | |||||||||
| Solicitors: | DKLM Solicitors | ||||||||
| City House | |||||||||
| 3Cranwood Street |
|||||||||
| London | |||||||||
| EC1V9PE | |||||||||
| Independent | Examiner: | Robin Worby | |||||||
| Moore Northern | Home Counties | Ltd | |||||||
| Nicholas House | |||||||||
| River Front | |||||||||
| Enfield | |||||||||
| Middlesex | |||||||||
| EN1 3FG | |||||||||
| Bankers: | Barclays Bank | PLC | |||||||
| Barciays Business Centre | |||||||||
| Uxbridge Branch |
|||||||||
| 142 High Street | |||||||||
| Uxbridge | |||||||||
| Middlesex UB8 |
1DS |
| Method o | fa ointment |
fa ointment |
|
|---|---|---|---|
| A F A Pabani | Appointed | at trust inauguration | |
| B FA Pabani | Appointed | at trust inauguration | |
| A Pabani | Appointed | 14 November | 2007 |
| N B Pabani | Appointed | 14 February | 2012 |
| Principal Address | Nicholas | House | |
| River Front | |||
| Enfield | |||
| Middlesex | |||
| EN1 3FG |
| Unrestricted Fund |
Unrestricted | Fund | ||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| 6 | 8 | |||||
| INCOME | ||||||
| Incoming resources | from generated | funds | ||||
| Voluntary Income: |
||||||
| Donations, Legacies |
and Similar Resources (Gross) | 21,600 | 24,392 | |||
| Investment Income; |
||||||
| Rents Received | 18,294 | 20,973 | ||||
| Gross Interest Received | 11 | 742 | ||||
| Total Incoming Resources |
39,905 | 46,107 | ||||
| EXPENDITURE | ||||||
| Charitable Activities: |
||||||
| Donations Paid (Note |
3) | 39,480 | 60,316 | |||
| Ground Rent, rates, Insurance, |
Service | Charges | ||||
| and Maintenance | 1,874 | 1,646 | ||||
| Commission - Letting |
Fees | 1,829 | 2,097 | |||
| 43,183 | 64,059 | |||||
| Governance costs (Note 2) |
2,476 | 2,665 | ||||
| Total expenditure | 45,659 | 66,724 | ||||
| Net (expenditure)/Income | (5,754) | (20,617) | ||||
| Gains and losses on investment | assets | |||||
| Net Movement in Funds |
(5,754) | (20,617) | ||||
| Total Funds Brought Forward | 536,630 | 557,247 | ||||
| Total Funds Carried Forward | 530,876 | 536,630 |
| Unrestr | c e un |
nres r c e un |
||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| E | 8 | |||||
| FIXEDASSETS | ||||||
| Investment Property |
(Note 6) | 430,000 | 430,000 | |||
| CURRENT ASSETS | ||||||
| Debtors: | ||||||
| Other debtors | 2,027 | 4,056 | ||||
| Trade debtors | 421 | |||||
| Cash at Bank | 158,214 | 164,388 | ||||
| TOTAL CURRENT ASSETS | 160,241 | 168,865 | ||||
| CREDITORS: Amounts | falling | due within one year (Note 7) | (26,969) | (27,121) | ||
| NET CURRENT ASSETS | 133,272 | 141,744 | ||||
| CREDITORS: Amounts | falling | due after one year (Notes 8 & 9) | (32,396) | (35,114) | ||
| NET ASSETS | 530,876 | 536,630 | ||||
| INCOME FUNDS | ||||||
| Unrestricted funds (Note |
10) | 530,876 | 536,630 | |||
| 530,876 | 536,630 |
| 2021f | 2020 f |
||
|---|---|---|---|
| Accountancy Bank charges Loan interest |
fees | 1,830 646 |
1,850 51 764 |
| 2,476 | 2,665 |
| AKF | 12 | 4,800 | |||
|---|---|---|---|---|---|
| Sri Sathya Sai R & D Building |
Charitable —Roof for |
Trust (UK) Mosque |
12 1 |
1,200 3,430 |
|
| Focus | Humanitarian | 5 | 29,000 | ||
| The Salvation | Army | 1 | 350 | ||
| Others | (all below F1,000) | 2 | 700 | ||
| 33 | 39,480 |
| This property | is held under a | is held under a | long term lease and produces | long term lease and produces | long term lease and produces | a rental income | for the trust. The value of |
|---|---|---|---|---|---|---|---|
| property is stated at open market value. The valuation |
has | been estimated | by the Trustees. Details of |
||||
| the movement | in the valuation | are shown | below: | ||||
| 02-1 | 2020 | ||||||
| 6 | f | ||||||
| Cost/valuation | brought | forward | 430,000 | 430,000 | |||
| Revaluation | |||||||
| Cost/valuation | carried forward | 430,000 | 430,000 | ||||
| CREDITORS: | Amount | falling | due within | 1 year | |||
| 2021 | 2020 | ||||||
| f | f | ||||||
| Bank loans and | overdrafts | 3,453 | 3,605 | ||||
| Other creditors | 23,516 | 23,516 | |||||
| 26,969 | 27,121 |
| CREDITORS: Amount | falling due between | 1 and 5years | ||
|---|---|---|---|---|
| 2021 6 |
2020f | |||
| Bank loans and overdrafts | 13,811 | 14,421 |