2020-12-31-accounts - Tamil Welfare Association (Newham) UK

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

STATEMENT OF FINANCIAL	STATEMENT OF FINANCIAL	ACTIVITIES FOR THE YEAR	ENDED 31	DECEMBER 2020
			Restricted	Unrestricted		Total
		Notes	Funds	Funds	2020		2019
INCOMING RESOURCES	FROM GENERATED FUNDS
Voluntary Income
Grants			165,869		165,869		110,070
Government LegalDept Receipts				73,459	73,459		117,433
Donations				16,761	16,761		14,369
Membership subscriptions				1,310	1,310		405
Covid business rates relief				10,000	10,000
Income from generating	funds						3,061
Interest receivable					18		17
Total incoming resources			165,869	101,548	267,417		245,355
RESOURCES USED
Direct charitable expenditure			172,808		172,808		208,479
Governance costs			17,855	8,237	26,092		35,372
			190,663	8,237	198,900		243,851
NET INCOMING RESOURCES			(24,794)	93,311	68,517		1,504
BEFORE TRANSFERS
Transfer from Unrestricted		Funds	24,794	(24,794)
Transfer to Designated Fund				(60,000)	(60,000)
				8,517	8,517		1,504
Add Balance brought forward					24,185		22,681
Balance carried forward					32,702		24,185

	2020	2019
Z.GRANTS RECEIVED
Analysis by:
Legal Aid Agency re: legal work	23,841	51070
City Bridge Trust re; Case workers	40,650	34,000
Trust for London	22,378
London Legal Support Trust	10,000	15,000
Access to Justice Re:Advisory	34,000
The A0Charitable Trust	15,000	10,000
Refugee action and NACOM	10,000
Community fund rer Covid 19relief	10,000
	165,869	110,070

			2020	2019
3.NET INCOMING	RESOURCES
The net incoming	resources	is stated
after charging:
Depreciation
Operating lease rentals:			1,186	650
			1,186	650
			2020	2019
4.INTEREST RECEIVABLE
Bank and other interest receivable			18	17
			18	17
			2020	2019
5.INTEREST PAYABLE
On bank loans and overdraft			6,400	6,456
			6,400	6,456

		2020	2019
6.DIRECTORS AND EMPLOYERS
Staff costs:
Wages and salaries		59,683	60,127
Social security costs			2,362
		59,683	62,489
7.TANGIBLE ASSETS
	Land &	Fixtures &
	buildings	fittings	Total
Cost
At 1stJanuary 2019	356,420	45,208	401,628
At 31stDecember 2020		4,260	4,260
	356,420	49,468	405,888
At 1stJanuary 2019		41,560	41,560
At 31stDecember 2020		1,186	1,186
		42,746	42,746
Net book value at 31st December 2020	356,420	3,074	3,074
Net book value at 31st December 2019	356,420	3,648	360,068
		2020	2019
Analysis of net book value of land and buildings:
Freehold		356,420	356,420

			2020	2019
8.DEBTORS
Other debtors			1,137	1,890
prepayments and accrued	grant income		6,414	30,490
			7,551	32,380
			2020	2019
9.CREDITORS, AMOUNTS	FALLING
WITHIN ONE YEAR
Bank loan and overdrafts			12,450	15,163
Accruals and grants received		in advance	3,473	4,043
			2020	2019
10.CREDITORS: AMOUNTS		FALLING
DUE AFTER MORE THAN ONE YEAR
Bankloan			135,627	141,683
			135,627	141,683
11.BORROWINGS			2020	2019
The company's borrowings	are repayable
as follows:
In one year, or less or on demand			12,450	12,177
Between one and two years			24,353	24,353
Between two and five years			111,274	120,316
			148,077	156,846


Income
Restricted Funds
Grant Received		(Sch 1)		165,869		110,070
a
Direct Charitable	ex enditure
Client disbursements			96,266		117,219
Children's project					395
Education project			287		1,158
Age Concern project			719		2,140
Salaries and wages (incl. N. l)			59,683		62,489
Professional fees			900		1,500
Volunteers and sessional workers			11,530		18,045
Staff recruitment	and training		538		83
Rates and insurance			2,885		5,450
			172,808		208,479
Governance Costs
Light and heat			3,014		2,478
Telephone and fax			2,417		3,758
Printing, postage	and stationery		1,814		5,019
Office maintenance			3,269		6,208
Accountancy			3,000		3,095
Security costs			625		501
Travelling			3,171		3,084
Bank charges			545		858
			17,855		25,001
				190,663		233,480
Net surplus / deficiency				(24,794)		(123,410)


Unrestricted Funds
Income
Government Legal Dept receipts		73,459		117,433
Culturual activities collections				2,666
Membership fees received		1,310		405
Covid business rates relief		10,000
Donations and other income		16,761		14,369
Family outing				395
		101,530		135,268
o
Cultural activities			2,983
Sundry expenses	552		86
Membership and subscrlptions	99		196
Depreciation	1,186		650
	1,837	1837	3,915	3915
Net surplus		99,693		131,353
Gross Incomin resources before		74,899		7,943
Interest and other Income
OTHER INCOME AND EXPENSES
Interest recievable
Bank deposit interest		18		17
INTEREST PAYABLE
On bankloan		6,400		6,456
NET INCOMING RESOURCES		68,517		1,504

Schedule 1-Grants received		2020	2019
Legal Aid Agency re: Legal work		23,841	51,070
City Bridge Trust re:Case workers		40,650	34,000
London Legal support		10,000	15,000
Access to Justice re:Advisory	work	34,000
Trust for London		22,376
The A 0 Charitable Trust		15,000	10,000
Refugee Action and NACOM		10,000
Community Fund re; Covid Relief		10,000
		165,869	110,070