2021-12-31-accounts - A M Qattan Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Reference and Admln	stratlve Details ofthe Foundadon,
Truslees' Report and	tratsylc Report	2-16
Statement ofTrustees'	ResponslblSttes	17
Independent Auditors'	Report on the Ftnanctel Statements	16-21
Statement ofFlannelet	Actfvtttes
Balance Sheet		23
Statement ofCash Rows		24
Notes tothe Flnanctel	Statements	25 - 50

Trustees		Omar Abdul Muhssn	Omar Abdul Muhssn	AI-Qstbrn,
		Dr Naiws AKhgan
		Nadia Hi(nb, Secndary
		Abls Msayah,	Treasurer
		Dr Khalll Hindi
		Dr Rslf Zreik
		rofessor Khaled Fahmy
		Or Mama Qsto
Company registered
number		02171693
Charily registered
number
Registered	ogloe	Tower House
		226 Cromwell	Road
		London
		SWSOSW
Director Oeneral		Fide Touma - Ramallsh
Independent	sudgors	MHA Maclntyre	Hudson
		Chartered Accountants		and Statutory	Auditor
		London
		E ropeArsb Bank
		73Brook Street
		Mayfair
		London
		W1K4HX
		Bardsys Bank
		Level 12
		1 Churchill Place
		London
		E145HP
		Thomas Eggsr
		75/76 Shoe Lane
		London
		EC31 3JB

						As restated
			Unrestricted	Restricted	TotM	Total
			funds	funds	funds	funds
		Note	2021 K	2021 8	2021 8	2020f
Income from:
Oonahons, legackrs and granls			$,305,314	4,050,000	11'5,014	5,306,398
Charhabla achvWes			4S,420	80,S29	125,749	99,792
Other trading cttlvthes				257,007	257,807	138,971
Investments			17e,yie	185,10$	301,034	287.894
Other income				20,341	20,$41	42,867
Total Income			0,507,400	$~,325	11,707,005	5,875,422
Expenditure on:
Raising funds		7	42,414	310~	352,000	45,024
Charhable achvihes		8,9	707,0SS	e~,ies	T,IO$,001	7,740.036
(Gain)l bss on fonugn exchange			(20,550)	(317,171)	($43,7S3)	982,486
Total expenditure			81SW1	4~/Te	7,042,988	8,787,646
Net (losses)lgalns	on investments	15	(045,390)	053,3$5	207,97S	(848,773)
Net movement In	funds		5,12$,599	(175,7$5)	4,952,814	(3,540,896)
Iteconclhatlon of	funds:
Total funds brought	forward		10,873,032	28,920,104	30,793,730	43,334,S32
Net movement in funds			5,120,$00	(17S,705)	4052,014	(3,540,696)
Total funds carried forwanl			10,002,2$1	2$,744,319	44,740,550	39,793,736

						As mststed
			Unrestdcted	Restricted	Total	Tolal
			funds	funds	ftmds	funds
		Note	2021 f	2021 8	2021 8	2020f
Income from:
Donahons, legacies and grams			$,305,$14	4050,000	11'5,014	5,RW,396
Chsrhsbur sdivhurs			45,420	00,$29	125,740	99,292
Other trading actlvNes In~			178,740	2S7,007 105,1$0	257,007 301,0$4	138,971 287,894
Other income				20,$41	20,$41	42,567
Total Income			8,507,400	8~,$25	11,707,005	6.876,422
Expenditure on: Raising funds Charitable activities		7 8,9	42/14 707,0$0	$10~ 0~,185	$52,000 7,0$$,001	45,024 7,740,035
(Gainy bss on fonugn exchange			(20,550)	(317,174)	($43,7$$)	982,485
Total expenditure			013~1	$238/75	7342,aaa	8,767,646
Net (losses)lgalns	on InvsstmenN	15	(045,$00)	05$,305	207,975	(648.773)
Nst movement In	funds		5,120,500	(175,705)	4.952.014	(3,540,596)
Recondhatlon of	funds:
Total funds brought	foneard		10,873,032	28,020,104	30,79$,7$8	43,334,632
Net movement in funds			5,120,500	(17S,705)	4,952,014	(3,540,896)
Total funds carried forward			10,002,2$1	20,744,319	44,740,550	39.793,736

Tangible assets			14		25,301,2$4		21,915,089
Investments			15		14,770,050		14,554,923
					40,071,013		38,470,0f2
Stocks			18	17,404		20,491
Debtors			17	1,500,250		1,493,T34
Cash at bank and In hand			2$,24	7,$$2,$02		7,214,354
				0,050,135		8,720,579
Creditors: amounts	fslhng	due within one
year			18	(1,970,150)		(2,848,337)
Net cunent assets					0,000,90$		8,082,242
Total assets less cunent		l4bSMes			40,052,000		42,552,254
Provisions for empkryees'		benefits	19		{2~,340)		(2,758,518)
Total nst assets					44,740,550		39,793,738
Charily funds
Restricted funds					20,744,319		28,920,104
Unrestricted funds					10,002,2$1		10,873,832
Total funds					44,740,$50		39,793,738

						2020
						E
Cash flows from operating	sttvttfes
Nel cash used in operating	ectiviges			22	4r072,504	(302,205)
Cash flows hom InvesSng	acttviSes
Investment income				4	341,034	200,441
Purchase oftangible fixed assets				14	{4,414,443)	(1,037,882)
Proceeds from sale ofinvesbnenls				15	1,014,400
Purchase ofinvesbnents				15	(1,410,510)
Net cash used In Investing	cthhrhies				(3,054,554)	(837.441)
Change In cash and cash	ertulvatents	In	the year		110,034	(1,220,848)
Cash and cash equivalents	at the beginning		ofthe year		7,214,354	8,444,000
Cash and cash ertulvatents	at the end	of	the year	23	7,332,302	7,214,354

									Un	striated			Total
										ftrnds			funds
										2021			2021
										E			E
Donations									6,317,527			3,061~	9,378,823
Grants										26430		L589,304	1,815,534
Government		grants								21,557			21,557
Total 2021									6,365,314			4,650,600	11,01$,914
The Chenty hes cbdmed funding outbreak The Charity furloughed				from government ils staff under the				suppot schemes in response to the coronevlrus govenvnent's Coronevirus Job Retention Scheme
and funding		received ofE21,557(2020:			E40W4)		relates Iostaff costs In respect					ofthose furloughed staff
members.	There are no		unfuiSlled	conditions		and	alber conSngendes eaaching					to grarrh that have been
recognised		in income.
											As restated		As restated
									Unrestricted			Rstrtcted	Total
										funds		lbnds	funds
										2020		2020	2020
										E		E	E
Donations										50t,493		4.227,093	4,728.588
Grants												537,588	537,588
Government		grants								40,224			40,224
Total 2020		es restated								541,717		4,784,881	5,308,398

	Un estrcted	Reatrtctad	Total
	funda	funda	funds
	2021	2021	2021
	E	E	E
The Mosaic Rooms	45,420	61,956	107,378
Culture end Educaaon		18.373	18.$7$
Total 2021	45,420	80,320	128,740
	V~	As restated RasdfcM	As resorted Total
	funds	funds	Arnds
	2020	2020	2020
	E	E	E
The Mosaic Rooms	11,572	76,493	88,085
Culture and Educe0on		11,227	11,227
Total 2020as restated	11,572	87,720	99,292

		Restricted	Total
		funds	funds
		2021	2021
		2	E
Reslaurant	Income	257,867	2$7,&87
		As resarted	4s restated
		estdcasd	Total
		rbnds	lbnds
		2020	2020
		2	2
Restaurant	Income	138,971	138,971

	Unrastcted	Reetrtctad	Total
	funds	funds	funds
	2021	2021	2021
		8	8
Rental income	176,470	59,954	238,424
Income from listed investments		43,417	43,417
Bank interest receivable	276	81,817	82,093
Total 2021	176.746	185,188	381,934
		As restated	As restated
	Vnresfrfcted	Rsttfcted	Total
	Mlkfs	funds	futids
	2020 f	2020 f	2020 5
Rental income	174,839	25,T79	200,618
Income from listed investments		81,874	61,674
Bank interest receivable		25,472	25.802
Total 2020esresetted	174,969	1I2,925	287,894

			estrtcled	Restricted	Total
			funds	funds	funds
			2021	2021	2021
				0	0
Investment	management	costs	42,414		~14
Restaurant	costs			310,404	$10~
			42,414	310,484	302,000
				U~	Total
				rtrnds	Ibnds
				2020 0	2020f
Investment	management	costs		45.024	45,024

			Un strtcted		Total
			funds		funds
			2021		2821
			E		8
The Mosaic	Rooms		364,287		304,207
Culture and	Education		298,041	4.523,410	4,021,451
Public Programme			135,308	1,712,755	1,040,003
Total 2021			797.636	6,236,165	7,033,001
			V sttlcted	Restrrcted
			ttsrds	lbnds
			2020f	2020f
Culture and	Aria Programme		135,481	2,428,947	2.582,408
Educabonal	Research 6De	retopment	Programme		1,738,822
Child Centre			91.835	2,219,401	2,311,038
Public Programme			43,826	858,048	901,874
The Mosaic	Rooms		128,291		128,291
Totsl2020			498,811	7,243.218	7,740,035

		ActhrtBes	Orant
		undertaken directly	funding of cthhrtgsa	Support	Total funds
		2821	2821	2021	2821
		E		6	6
The Mosaic	Rooms	279,210		50,077	364W7
Culture and	Educatbn	1,661,774	750,748	2,408.929	4,821A1
Pubtc Programme		754,432		1.093.631	1,848,863
Total 2821		2,695,416	785.748	3,552,637	7,033,881
		Acgvrgerr	Grant
		nndertaken	fundfng or		Toter
		dfnrcgy	IIVWrrs		ltrnds
		2020 8	2020 L'		2020f
Culture and	Arts Programme	463,827	1,149,078	949,503	2.582.408
Educegonal	Research &Development
Programme		1,104,815		888,943	1,838,428
Child Centre		1,394,041	71,470	845.525	2.311.036
Pubic Programme		555,857	10,754	335,463	901,874
The Mosaic	Rooms	98,402		27,889	126,291
		3,818,542	1,278,170	2,846,323	7,740,036

							Total	Total
							funds	funds
							2021	2020
							0
	Staff costs						1,5$0,705	1,155.548
	Depredahon	and Impsirments					1,202,0$1	1,385,120
	Adverhsement	and promodon					20,770	21,079
	Events and schvthes						2,750	3,519
	Governance	costs					$2,040	28,215
	Insurance						22,755	24,312
	Legal snd ploiessionsl		fees				04,375	32.084
	Maintenance	and consumables					207,020	35,035
	Other cords						174,000	101,494-
	Other skdf costs						23,S74	8,074
	Premises costs						05,002	44,752
	Subscriptions	snd msmberemp		fees			$,$57	7,908
	Transportahon, travel		and accommoda5on				4,040	205
	Rsidendes	and workshop expenses
							$,552,0$7	2,845,323
10.	Governance	costs
							2021	2020
							0	E
	Auditor's rwIlunefshon		-Audit	ofhle	hnsnclsl statallsnts		10,000	12,500
	Audilor's remunerahon Auditor's remuneration		-Preparation ofthe hnandal -Other ~udh ssrvkxrs			skrlements	4,140 11,100	3,840 9,T75
							$2,040	28,215

Grants	paid	to	instlhraons	582~	1,018,5gf
Grants	paid	to	indMduals	222,552	259,579
				785,74$	f,278,170

HE YEAR ENDED $1 DECEM	BER 2021
		2021 5	2020f
Al-Awda Center for Childhood	and Youth		12,464
Al Hoash		IS,702	81,795
Al Made Assockrtion			I2.484
Art to Henri (Fan Min Al Qalb)		21,702
Associaaon Circus Mini (Assirk	Assaghir)		18,696
Atabet Farm		11,0$0
Bakxli Center krr Culture 5Arts Bait Byout Charkable~n			I5,580 15.580
Bethlehem Non Centra			I2,464
Birzeit Llnlversity		1$,1$7	86,833
Columbia University			21,422
Dar Al Kalima College		N,TSS	38,546
Fragments (Shatheya) Theatre			15,580
Fridge Theatre Assockrtion (Thelajs Theatre)			12,464
Gaza Assodatke for Culture and Art		50,07$	59,477
General Union of Cultural Centers		20,155	70,788
Human Devekpmental Associatke		17,4N
Khalil Sakaklni Cukural Center		2$,000	70,788
Khazaaen Assockrtmn			15,580
Naqsh Popular Art Associaaon			12,464
Dushaq Arts Center			13,710
Pakrsttne Wri$ng Assodaaon			18,696
Partners for Sustainable Development		11,$50
Qandeel for Arts and Culture		$$,141	54,2f4
Sakyia		71,$4$
Shubbak		$5,000
The Pales$nian Museum		12,501	49.299
Visual Arts Forum		2I,NS	112,081
Yaa Samer Dence Theatre			18,696
Grants paid lo intttulons &510,000		100,$$2	98.016
		5$2,200	1,018,59I
Grants lo individuals		22$,4$2	259,579
		7$5,7N	1,278,I70

	2821
	8
Wages snd salarkrs	2,581,893	2,877,857
Social security costs	22,534	10,958
Pension costs	282,835	573,349
	2,887,282	3.281,984

2021	2020
No.	Iuo.

	Freehold	Fumkure,
	land and buSdlngs 8	RBlngs and books 8	Computer equipment 0	Motor vehicles f	Total 8
Cost orvatwSon
At 1 January 2021	22,002,173	2,040,407	790,027	120800	20,527,003
Additions	4,230,500	123,510	0,002	40,702	4,410,003
Disposals Exchange differences		(7$,000) 30~	(40,000) 10,303	2,540	(110,700) 357,00$
At 31 December 2021	27,207,200	$,034,35S	772,100	171,007	$1,105,444
Depieclatkm
At 1 January 2021	2,302,$02	1,519,04$	000,009	103,070	4,812,804
Charge for the year	~08,616	202,004	106,874	6,030	1,262,032
On disposals		P1,420)	(40,0$4)		(112,000)
Exchange diNsrences	40,0$0	41,$71	0,002		100,513
Al 31 December 2021	3,319,755	1,772,303	001,001	110,051	5,804,100
Net book value
At 31 December 2021	2$,007,S11	1,201,002	91,07S	00,70025,301,204
At31December 2020	20,279,871	1,428,S44	109,838	1S,536	21,015,069

Due wShln one year
Trade debtors			20,31S	(1,240)
Other debtors			87,041	89,920
Prepeyments and accrued income			1,302,003	1.405,054
			1,500~	1,493,734
CredBors:Amounts	faglng dua	wlthtn one year
			2021
			8
Trade creditors			115,003	44,585
Other tarragon and sodal security			10,022	8,584
Other creditors			110,545	80,724
Aocruals and deferred	income		1,735,800	2,512,484
			1,078,150	2,S48,337
			2021
Deferred Income
Defened income at 1	January		1,040~	1,018,781
Resources deferred during the year			1,702,720	1,940,433
Amounts released from pnndous		pedods	(1,040.433)	(1.018.781)
Defened Income at	31December		1,702,720	1,940,433

		Severance
		psy		Total
		5		E
At 1 January 2021		1,031,89$	920,020	2,758,518
Addibons		130,001	238,340	300~
Amounts Exchange	used differences	(000,003) 13,727	(341,180) 9,523	f941,048) 23~
		1,381,035	82$,313	2~,348

							Selsnce st
		Balance et					31
		1January				Gains
		2020 E	Income f	Expendsure	f	(Losses) E	2020 E
Un estrldad	funds
UK branch		10,687,215	728,258	(541,841)			10,873,632
Restricted Itmds
UK branch			78,493			201	173,002
Palessne branch		32,551,109	5,070,671	(7243,218)		(1,631,480)	28,747,102
		32,647,417	5,147,164	(7,243418)		(1,831,259)	28,920,104
Total offunds		43,334,632	5,875,422	(7,7&5,059)		(1,631,259)	39,793,738

Analysis	ofnet assets between funds -cunent year
		Unestrhded	Restdctsd	Total
		funds	funds	funds
		2021	2021	2021
		E	E	E
Tangible fixed assets		3,407,000	21,894g54	25,301,254
Fixed asset inveslments		10,087,793	4,682,886	14,770,050
Current assets		2,614,747	0244,308	0,080,135
Credeors Provisions	due within one year for SablWes snd charges	(107,309)	(1,870,841) (2,206,348)	(1,078,150) (2~,340)
Total		16,002331	2S,744,319	44,740,550
Analysis	ofnet asseM between funds -prtor yeef
			Rsfncferr	7oral
			fbnds	funds
			2020	2020
			E	E
Tangible exed assets		14,132	21,000,957	2f,of5,089
Fixed asset inveslmenls		8,878,160	5,676,763	f4,554,923
Cunenl excels		2,oee,ese	8,044,934	e,728 57o
Credeors	due within one year	(102,305)	(2,544,032)	(2,848.337)
Prrwisions	for liabilities end charges		(2,758,518)	(2,758.518)
		10,673,632	26,920,104	39,793,136

									2021	2020
									8	E
	Net (expendkure)(income Flnanckd Acgvides)			for the	perkxf	(as per	Ststemenl	of	4,052,014	(3,540,808)
	Ar((ustments for.
	Deprecialion (Gain)l loss	8impairment charges on Investmenls						14 15	1,282,032 (207,975)	1,385,120 848,773
	Investment Loss on the Decrease in	Income sale oflixed assels stocks						6 14 16	(301,0$4) 4,730 $,007	(200,441) 52,362
	Increase In debtors (Decreasey increase (Oecreasey Increase		in creditors In Ovkrlons					17 18 19	(15,S25) (000,107) (552,170)	(1,332,835) 1,401,074 333,131
	Foreign exchange ad)usknent			on fixed sssskr				14,15	($05,102)	TT1,507
	Nst cash provided (used In)hry operagng					acthrlges			4,072,500	(302,205)
2$.	Analysis of	cash and	cash	equivalents
									2021	2020
									8
	Cash in hand								7,332,$02	T,214,354
	Total cash and cash		ertulvalonts						7,$$2,302	7,214,354
								At 1		At $1
								January		December
								2021	Cash Bows	2021
									8	8
	Cash at bank	and in hand						7,214,$54	110,838	7,$32,$02
								7,214,354	110,038	7,$$2,302

				2021f	2020f
Contrlbuson	from Al Qattan Chsrssble Trust -Guernsey			2,101,057
ln4ind donaike from Ne)wa. Hani, Leans snd Omar AKhNm UnrestrkNed ccnbibution from Omar Al-Qattsn				3,001,500	f,f88,497
Unrestrktsd Restncted Unrestridsd Restdcted	donsgon from AKhNtan CharNable Trust contrlbuson from Na)ws Al-Qstlsn Famsy Trust - Sdence Studio contribution from Na)wa, Hani, Leeneh and Omar~n contrfbutkrn from Leenah Al-Qstbm -Curatorial Unit			300,000 50,055 171,521	70,032
Net assets	wNh donor	restricson -Ns)ws Al-QsNan Farngy Trust	-Scxence
Studio Net assets	wilh donor	esttkscn -Omar Al~n - New Susding	Factsses	330,415
Net assets FacNNNes	wkh donor	sttictbn -Leenah Al-Qatlan -New Building		72,710
Nel assets	wNh donor	esbkgon - Leenah AMadan -Curatorial	UnN	113,550
				7,020,313	4,258,805