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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|10|
|Report ofthe Independent<br>Auditors|11|to|14|
|Statement ofFinancial Activities||15||
|Statement ofFinancial Position|16|to|17|
|Statement ofCash Flows||18||
|Notes to the Statement ofCash Flows||19||
|Notes to the Financial Statements|20|to|30|
|Detailed Statement ofFinancial Activities|31|to|32|





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|1.|General Donations||6,561,380|
|---|---|---|---|
|2.|Qurbani Collections||371,611|
|3.|Other Income (Council Grant)||27,000|
|4.|Revaluation ofInvestment|properties|90,000|
|5.|Investments<br>Income||478,431|
||Total Income||7,528,422|
|Disbursements<br>were as follows:-||||



|l.|Qurbani Performed in Pakistan||371,611|
|---|---|---|---|
|2.|Purchase ofequipment<br>sent to|Pakistan for charitable purposes|21,497|
|3.|Presidenza Del Consigl Donation for Covid 19||251,610|
|4|Donated toNHS Charities||1,000,000|
|5.|Charitable<br>Costs||326,858|
|6.|Governance<br>Costs||242,634|
|7.|Other Costs||11,611|
|8.|Transferred<br>to the unrestricted|reserve fund|5,302,601|
||Total Disbursements||7,528,422|





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|||||||31.12.20|31.12.19|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|||||
|INCOME AND ENDOWMENTS FROM||||||||
|Donations<br>and legacies|||2|6,561,380|371,611|6,932,991|5,352,174|
|Investment<br>income||||478,431||478,431|127,259|
|Other income||||27,000||27,000||
|Total||||7,066,811|371,611|7,438,422|5,479,433|
|EXPENDITURE ON||||||||
|Raising funds||||80,866||80,866|75,349|
|Charitable<br>activities||||||||
|Costs for generating|charitable income|||206,721||206,721|257,396|
|Charitable<br>Donations||||1,273,107|371,611|1,644,718|587,250|
|Other||||293,516||293,516|273,316|
|Total||||1,854,210|371,611|2,225,821|1,193,311|
|Net gains on investments||||90,000||90,000||
|NKT INCOME||||5,302,601||5,302,601|4,286,122|
|RECONCILIATION||OF FUNDS||||||
|Total funds brought|forward|||38,296,904||38,296,904|34,010,782|
|TOTAL FUNDS CARRIED FORWARD||||43,599,505||43,599,505|38,296,904|





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||||||31.12.20|31.12.19|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes|||||
|FIXEDASSETS|||||||
|Tangible assets||12|378,668||378,668|389,534|
|Investments|||||||
|Investments||13|1,525,685||1,525,685||
|Investment<br>property||14|2,160,000||2,160,000|2,070,000|
||||4,064,353||4,064,353|2,459,534|
|CURRENT ASSETS|||||||
|Debtors: amounts|falling due within one year|15|37,426||37,426|41,908|
|Debtors: amounts|falling due after more than||||||
|one year||15|5,717||5,717|7,117|
|Investments||16|39,250,192||39,250,192|35,098,798|
|Prepayments<br>and accrued income|||9,109||9,109|12,309|
|Cash at bank and in hand|||275,584|371,611|647,195|712,726|
||||39,578,028|371,611|39,949,639|35,872,858|
|CREDITORS|||||||
|Amounts<br>falling due within one year||17|(22,811)|(371,611)|(394,422)|(23,022)|
|NET CURRENT|ASSETS||39,555,217||39,555,217|35,849,836|
|TOTAL ASSETSLESSCUIG4KNT|||||||
|LIABILITIES|||43,619,570||43;619,570|38,309,370|
|ACCRUALS AND DEFERRED INCOME||18|(20,065)||(20,065)|(12,466)|
|NKT ASSETS|||43,599,505||43,599,505|38,296,904|





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||||||Statement ofCash Flows|Statement ofCash Flows||
|---|---|---|---|---|---|---|---|
||||for|the|Year Ended|31stDecember 2020||
|||||||31,12.20|31.12.19|
|||||Notes||||
|Cash flows from operating||activities||||||
|Cash generated<br>&om operations||||||5,209,317|3,824,025|
|Net cash provided by operating<br>activities||||||5,209,317|3,824,025|
|Cash flows from investing||activities||||||
|Purchase oftangible fixed|assets||||||(10,597)|
|Purchase offixed asset investments||||||(1,525,685)||
|Saleoffixed asset investments|||||||6,632,054|
|Short term Investment||||||(4,151,394)|(10,438,055)|
|Interest received||||||402,231|51,059|
|Net cash used in investing|activities|||||(5,274,848)|(3,765,539)|
|Change in cash and cash|equivalents|||in||||
|the reporting<br>period||||||(65,531)|58,486|
|Cash and cash equivalents||at the||||||
|beginning<br>ofthe reporting||period||||712,726|654,240|
|Cash and cash equivalents||at the|end|||||
|ofthe reporting<br>period||||||647,195|712,726|





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|RECONCILIATIO<br>ACTIVITIES|N<br>OFNET INCOME TO NET CASH FLOW F|ROM OPERATIN|G|
|---|---|---|---|
|||31.12.20|31.12.19|
|Net income for the|reporting period (as per the Statement of|||
|Financial Activities)||5,302,601|4,286,122|
|Adjustments<br>for:||||
|Depreciation<br>charges||10,866|11,611|
|Losses on investments||(90,000)||
|Interest received||(402,231)|(51,059)|
|Decrease/(increase)|in debtors|9,082|(19,794)|
|Increase/(decrease)|in creditors|378,999|(402,855)|
|Net cash provided|by operations|5,209,317|3,824,025|
|ANALYSIS OF CHANGES IN NET FUNDS||||



||At 1.1.20|Cash flow|At 31.12.20|
|---|---|---|---|
|Net cash||||
|Cash at bank and in hand|712,726|(65,531)|647,195|
||712,726|(65,531)|647,195|
|Liquid resources||||
|Deposits included in cash||||
|Current asset investments|35,098,798|4,151,394|39,250,192|
||35,098,798|4,151,394|39,250,192|
|Total|35,811,524|4,085,863|39,897,387|





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|DONATIONS<br>AND LEGACIES|||
|---|---|---|
||31.12.20|31.12.19|
|Donations|6,768,893|5,148,907|
|Gift aid|164,098|203,267|
||6,932,991|5,352,174|



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||||31.12.20|31.12.19|
|---|---|---|---|---|
|Rental|Income||76,200|76,200|
|Deposit|account|interest|402,231|51,059|
||||478,431|127,259|



|4.|RAISING|FUNDS||||
|---|---|---|---|---|---|
||Raising donations||and legacies|||
|||||31.12.20|31.12.19|
||Publication|costs||59,682|55,822|
||Advertisement|||21,184|19,527|
|||||80,866|75,349|





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|5.|CHAMT|ABLE A|CTIVITIES COSTS|||||
|---|---|---|---|---|---|---|---|
||||||Grant|||
||||||funding of|||
||||||activities|Support||
|||||Direct|(see note|costs (see||
|||||Costs|6)|note 7)|Totals|
||Costs for generating||charitable|||||
||income|||178,431||28,290|206,721|
||Charitable|Donations|||1,644,718||1,644,718|
|||||178,431|1,644,718|28,290|1,851,439|
|6.|GRANTS|PAYABLE||||||
|||||||31.12.20|31.12.19|
||Charitable|Donations||||1,644,718|587,250|
||This amount includes the following payments:|||||||
||Qurbani performed||in Pakistan on behalf ofUK|donors for|2020||371,611|
||Purchase ofvarious||equipments<br>tobe used in Pakistan||||21,497|
||Presidenza|Del Consigl Donation for Covid19|||||251,610|
||Donated toNHS Charities Together||||||1,000,000|
||||||||1,644,718|





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|7.|SUPPORT CO|ST|S||||||
|---|---|---|---|---|---|---|---|---|
||||||||Governance||
|||||||Finance|costs|Totals|
||Other resources|expended||||40,016|242,634|282,650|
||Costs for generating||charitable||income||28,290|28,290|
|||||||40,016|270,924|310,940|
|8.|OTHER||||||||
||||||||31.12.20|31.12.19|
||Depreciation||||||10,866|11,611|
||Support costs||||||282,650|261,705|
||||||||293,516|273,316|
|9.|AUDITORS' REMUNERATION||||||||
||||||||31.12.20|31.12.19|
||Fees payable to|the|charity's|auditors for the audit ofthe charity's|||||
||financial statements||||||9,600|9,000|
||Other non-audit|services|||||19,392|18,432|
||Total fees payable||||||28,992|27,432|





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|31.12.20|31.12.19|
|---|---|
||4,491|



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|STAFF COSTS|||||
|---|---|---|---|---|
||||31.12.20|31.12.19|
|Wages and salaries|||133,154|168,484|
|Social security costs|||6,335|9,435|
|Other pension costs|||524|1,232|
||||140,013|179,151|
|The average monthly|number ofemployees|during the year was as follows:|||
||||31.12.20|31.12.19|
|Average Monthly Employees|||10|12|





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|12.|TANGIBLE FIXEDAS|SETS||||
|---|---|---|---|---|---|
||||Office|||
|||Freehold|Furniture|Motor||
|||property|k, Equipment|Vehicles|Totals|
||COST|||||
||At 1stJanuary 2020 and|||||
||31stDecember 2020|420,509|56,104|10,597|487,210|
||DEPRECIATION|||||
||At 1stJanuary 2020|42,052|52,975|2,649|97,676|
||Charge for year|8,410|469|1,987|10,866|
||At 31stDecember 2020|50,462|53,444|4,636|108,542|
||NET BOOKVALUE|||||
||At 31stDecember 2020|370,047|2,660|5,961|378,668|
||At 31stDecember 2019|378,457|3,129|7,948|389,534|
|13.|FIXEDASSETINVESTMENTS|||||
|||||31.12.20|31.12.19|
||Long term Investment|||1,525,685||
||There were no investment|assets outside the UK.||||
||Investments<br>(neither listed|nor unlisted) were as follows:||||
|||||31.12.20|31.12.19|
||Long term deposit|||1,525,685||





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|FAIRVALUE||
|---|---|
|At 1stJanuary 2020|2,070,000|
|Revaluation|90,000|
|At 31stDecember 2020|2,160,000|
|NKT BOOKVALUE||
|At 31stDecember 2020|2,160,000|
|At 31stDecember 2019|2,070,000|



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|DEBTORS|||
|---|---|---|
||31.12.20|31.12.19|
|Amounts<br>falling due within one year:|||
|Other debtors|36,026|40,508|
|Lease incentive|1,400|1,400|
||37,426|41,908|
|Amounts<br>falling due after more than one year:|||
|Lease incentive|5,717|7,117|
|Aggregate<br>amounts|43,143|49,025|





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|CUR|RENT|ASSETINVESTMENTS|||
|---|---|---|---|---|
||||31.12.20|31.12.19|
|Short|Term|Investment|39,250,192|35,098,798|




|CREDITORS: AMOUNTS FALLING DUK WITHI|N ONK YEAR||
|---|---|---|
||31.12.20|31.12.19|
|Social security and other taxes|2,089|2,218|
|Other creditors|391,183|19,654|
|Tenant's deposit|1,150|1,150|
||394,422|23,022|



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|ACCRUALS|AND DEFERRED INCOME|||||
|---|---|---|---|---|---|
|||||31.12.20|31.12.19|
|Accruals and|deferred income|||20,065|12,466|
|MOVEMENT IN FUNDS||||||
|||||Net||
|||||movement|At|
|||At 1.1.20|—|in funds|31.12.20|
|Unrestricted|funds|||||
|General fund||38,296,904||5,302,601|43,599,505|
|TOTAL FUNDS||38,296,904||5,302,601|43,599,505|





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|||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|
|||||resources|expended|losses|in funds|
|Unrestricted|funds|||||||
|General fund||||7,066,811|(1,854,210)|90,000|5,302,601|
|Restricted funds||||||||
|Qurbani||||371,611|(371,611)|||
|TOTAL FUNDS||||7,438,422|(2,225,821)|90,000|5,302,601|
|Comparatives|for movement||in funds|||||
|||||||Net||
|||||||movement|At|
||||||At 1.1.19|in funds|31.12.19|
|Unrestricted|funds|||||||
|General fund|||||34,010,782|4,286,122|38,296,904|
|TOTAL FUNDS|||||34,010,782|4,286,122|38,296,904|
|Comparative|net movement|in|funds, included|in the above|are as follows:|||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
|Unrestricted|funds|||||||
|General fund|||||5,112,551|(826,429)|4,286,122|
|Restricted funds||||||||
|Qurbani|||||366,882|(366,882)||
|TOTAL FUNDS|||||5,479,433|(1,193,311)|4,286,122|





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||||Net|||
|---|---|---|---|---|---|
||||movement||At|
|||At 1.1.19|in funds|—|31.12.20|
|Unrestricted|funds|||||
|General fund||34,010,782|9,588,723||43,599,505|
|TOTAL FUNDS||34,010,782|9,588,723||43,599,505|



|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||12,179,362|(2,680,639)|90,000|9,588,723|
|Restricted funds||||||
|Qurbani||738,493|(738,493)|||
|TOTAL FUNDS||12,917,855|(3,419,132)|90,000|9,588,723|



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||Detailed Statement ofFinancial Activities|||
|---|---|---|---|
||for the Year Ended 31stDecember 2020|||
|||31.12.20|31.12.19|
|INCOME AND ENDOWMENTS||||
|Donations<br>and legacies||||
|Donations||6,768,893|5,148,907|
|Gift aid||164,098|203,267|
|||6,932,991|5,352,174|
|Investment<br>income||||
|Rental Income||76,200|76,200|
|Deposit account interest||402,231|51,059|
|||478,431|127,259|
|Other income||||
|Council Grant||27,000||
|Total incoming resources||7,438,422|5,479,433|
|EXPENDITURE||||
|Raising donations|and legacies|||
|Publication<br>costs||59,682|55,822|
|Advertisement||21,184|19,527|
|||80,866|75,349|
|Charitable<br>activities||||
|Wages||133,154|168,484|
|Social security||6,335|9,435|
|Pensions||524|1,232|
|Rent and Rates||15,057|15,116|
|Insurance||8,653|6,864|
|Light and heat||6,188|4,111|
|Telephone||2,640|3,997|
|Repairs And Renewals||2,453|2,539|
|Other Expenses||3,427|1,875|
|Carried forward||178,431|213,653|





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||||Kdhi International<br>Foundation<br>(UK)|||
|---|---|---|---|---|---|
||||Detailed Statement ofFinancial Activities|||
||||for the Year Ended 31stDecember 2020|||
|||||31.12.20|31.12.19|
|Charitable<br>activities||||||
|Brought forward||||178,431|213,653|
|Charitable<br>Donations||||1,644,718|587,250|
|||||1,823,149|800,903|
|Other||||||
|Freehold property||||8,410|8,410|
|Fixtures and fittings||||469|552|
|Motor Vehicles||||1,987|2,649|
|||||10,866|11,611|
|Support costs||||||
|Management||||||
|Trustees' expenses|||||4,491|
|Finance||||||
|Bank A Credit Card|Charges|||40,016|32,543|
|Governance<br>costs||||||
|Auditors'<br>remuneration||||9,600|9,000|
|Auditors'<br>remuneration||for non audit work||19,392|18,432|
|Legal Fees||||24,004|16,752|
|Professional<br>Services||||4,286|22,500|
|Exchange Gain / Loss||||213,642|201,730|
|||||270,924|268,414|
|Total resources expended||||2,225,821|1,193,311|
|Net income before gains|||and losses|5,212,601|4,286,122|
|Realised recognised|gains and losses|||||
|Realised gains/(losses)||on|investment|||
|property||||90,000||
|Net income||||5,302,601|4,286,122|