2020-12-31-accounts - Human Welfare International Charitable Trust

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		Page
Trustees' Report	1	to	8
Statement ofTrustees' Responsibilities
Report ofthe Independent Auditors	10	to	12
Statement ofFinancial Activities		13
Statement ofFinancial Position	14	to	15
Statement ofCash Flows		16
Notes to the Statement ofCash Flows		17
Notes to the Financial Statements	18	to	28
Detailed Statement ofFinancial Activities	29	to	30

						31.12.20	31.12.19
				Unrestricted	Restricted	Total	Total
INCOME AND ENDOWMENTS FROM			Notes	fund	fund	funds f	fundsf
Donations and legacies			2	285,154	422	285,576	452,405
Investment income				46,407		46,407	41,740
Total				331,561	422	331,983	494,145
EXPENDITURE ON
Charitable activities
Religous Activity Charitable Donadons				108,648		108,648	156,897
Support costs and Administration		Costs		240,758		240,758	82,000 253,204
Total				349,406		349,406	492,101
Net gains on investments				20,517		20,517	123,000
NET INCOME				2,672	422	3,094	125,044
RECONCILIATION	OFFUNDS
Total funds brought forward				2,641,141		2,641,141	2,516,097
TOTAL FUNDS CARRIED FORWARD				2,643,813	422	2,644,235	2,641,141

				31.12.20	31.12.19
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets Investment property	11 12	3,082,938 944,394		3,082,938 944,394	3,158,501 923,877
		4,027,332		4,027,332	4,082,378
CURRENT ASSETS
Debtors Cash at bank and in hand	13	19,363 282,018	422	19,363 282,440	7,336 310,516
		301,381	422	301,803	317,852
CREDITORS
Amounts falling duc vtrithin one year	14	(183,629)		(183,629)	(253,179)
NET CURRENT ASSETS		117,752	422	118,174	64,673
TOTAL ASSETSLESSCURRENT
LIABILITIES		4,145,084	422	4,145,506	4,147,051
CREDITORS
Amounts falling due atter more than one year	15	(1,501,271)		(1,501,271)	(1,505,910)
NET ASSETS		2,643,813	422	2,644,235	2,641,141

2,643,813	2,641,141
422
2,644,235	2,641,141

				Statement ofCash Flows
		for	the	Year Ended 31stDecember 2020
				31.12.20	31.12.19
			Notes
Cash flows from operating		activities
Cash generated from operations Interest paid				104,767 (59,404)	153,141 (73,936)
Net cash provided by operating activities				45,363	79,205
Cash flows from investing		activities
Purchase oftangible fixed Interest received	assets			(4,726)	(9,873)
				7	15
Net cash used in investing	activities			(4,719)	(9,858)
Cash flows from financing		activities
1Vew loans in year Loan repayments in year				(68,720)	1,212,263 (1,336,632)
Net cash used in financing	activities			(68,720)	(124,369)
Change in cash and cash eqrdvalents			in
the reporting period Cash and cash equivalents		at the		(28,076)	(55,022)
beginning ofthe reporting		period		310,516	365,538
Cash and cash equivalents		at the end	of
the reporting period				282,440	310,516

ACTIVITIES	CSH FLOW F	ROM OPERATIN	G
		31.12.20	31.12.19
Net income for the reporting Financial Activities) Adjustments for:	period (as per the Statement of	3,094	125,044
Depreciation charges Gain on investments Interest received		80,290 (20,517)	81,205 (123,000)
Interest paid (Increase)/decrease in debtors Decrease in creditors		(7) 59,404 (12,027) (5,470)	(15) 73,936 299 (4,328)
Net cash provided by operations		104,767	153,141

		At 1.1.20	Cash flow	At 31.12,20
Net cash
Cash at bank and in hand		310,516	(28,076)	282,440
		310,516	(28,076)	282,440
Debt
Debts falling due within Debts falling due Wer 1	I year year	(186,753) (1,505,910)	64,080 4,639	(122,673) (1,501,271)
		(1,692,663)	68,719	(1,623,944)
Total
		(1,382,147)	40,643	(1,341,504)

2.	DONATI	ONS AND LEGACIES
				31.12.20	31.12.19
	Donations Furlough	Cnnnt		280,196 5,380	452,405
				285,576	452,405
3,	INVESTMENT INCOME
				31.12.20	31.12.19
	Rents received Deposit account interest			46,400 7	41,725 15
				46,407	41,740
4.	CHARITABLE ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 6)	Totals
	Religous Activity Support costs and Administration		107,499	1,149	Z 108,648
	Costs		212,256	28,502	240,758
			319,755	29,651	349,406
5.	GRANTS	PAYABLE
				31.12.20	31.12.19
	Charitable	Donations
					82,000

5.	GRANTS	PAYABLE
	Charitable	Donations

SUPPORT COSTS	for th	e Year Ended 31stDecember	2020
				Governance
		Management f	Finance	costs	Totals
Religous Activity Support costs and A&hninistration		Costs 383	766	28,502	1,149 28,502
		383	766	28,502	29,651
AUDITORS' REMUNERATION
				31.12.20	31.12.19
Fees payable to the charity's financial statements Other non-audit services	auditors for the audit ofthe charity's			6,000 9,600	f, 5,000 11,130

There were no Truste STAFFCOSTS	e expenses this year.
				31.12.20	31.12.19
Wages and salaries				15,404	15,646
				15,404	15,646
The average monthly	number ofemployees	during	the year was as foliows:
Southall				31.12.20	31.12.19
				1	1

	for t	he Year Ended 31stDecember 2020	he Year Ended 31stDecember 2020	he Year Ended 31stDecember 2020
10.	COMPARATIVES FORTHE	STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			fund	fund	funds
	INCOME AND ENDOWMENTS FROM
	Donations and legacies		452,405		452,405
	Investment income		41,740		41,740
	Total		494,145		494,145
	EXPENDITURE ON
	Charitable activities
	Religous Activity Charitable Donations Support costs and Administration	Costs	156,897 81,869 253,204	131	156,897 82,000 253,204
			491,970	131	492,101
	Net gains on investments		123,000		123,000
	NET INCOME/(EXPENDITURE)		]25,175	(131)	125,044
	RECONCILIATION OFFUNDS
	Total funds brought forward		2,515,966	131	2,516,097
	TOTAL FUNDS CARRIED
	FORWARD
			2,641,141		2,641,141

11.	for the Year End TANGIBLE FIXEDASSETS	ed 31stDecember 2020
			Fixtures
			2 fittings
		Freehold	and
		property	Equip	Totals
	COST
	At 1st January 2020 Additions	3,518,865	190,125 4,726	3,708,990 4,726
	At 31stDecember 2020	3,518,865	194,851	3,713,716
	DEPRECIATION
	At 1stJanuary 2020 Charge for year	421,718 70,377	128,771 9,912	550,489 80,289
	At 31stDecember 2020	492,095	138,683	630,778
	NET BOOKVALUE
	At 31stDecember 2020	3,026,770	56,168	3,082,938
	At 31stDecember 2019	3,097,147	61,354	3,158,501
12.	INVESTMENT PROPERTY
	FAIR VALUE
	At 1stJanuary 2020 Revaluation			923,877
				20,517
	At 31stDecember 2020
				944,394
	NET BOOKVALUE
	At 31stDecember 2020
				944,394
	At 31stDecember 2019
				923,877

	31.12.20	31.12.19
Other debtors Prepayments	15,910 3,453	3,213 4,123
	19,363	7,336
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	31.12,20	31.12.19
Bank loans and overdrafis (see note 16) Other loans (see note 16) Social security and other taxes Other creditors Accrued expenses	92,673 30,000 744 34,170 26,042	156,753 30,000 840 55,144 10,442
	183,629	253,179
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN	ONE YEAR
	31.12.20	31.12.19
	1,501,271	1,505,910

MOVEIVlENT	IN FUNDS
			Nct
			movement	At
		At 1.1.20	in funds	31.12,20
Unrestricted	funds			f
General fund		2,641,141	2,672	2,643,813
Restricted funds
Hospital Fund			422	422
TOTAL FUNDS		2,641,141	3,094	2,644,235

			Incoming	Resources	Gains and	Movement
			resources	expended	fosses	in funds
			f.
Unrestricted		funds
General	fund		331,561	(349,406)	20,517	2,672
Restricted funds
Hospital	Fund		422			422
TOTAL	FUNDS		331,983	(349,406)	20,517	3,094

					Net
					movement	At
				At 1.1.19	in funds	31.12.19
Unrestricted	funds
General fund				2,515,966	125,175	2,641,141
Restricted funds
Hospital Fund				131	(131)
TOTALFUNDS				2,516,097	125,044	2,641,141
Comparative	net movement	in funds, included	in the above	are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted	funds
General fund			494,145	(491,970)	123,000	125,175
Restricted funds
Hospital Fund				(131)		(131)
TOTAL FUNDS			494,145	(492,101)	123,000	125,044

			Net
			movement	At
		At 1.1.19	in funds	31.12.20
Unrestricted	funds
General fund		2,515,966	!27,847	2,643,813
Restricted funds
Hospital Fund		131	291	422
TOTALFUNDS		2,516,097	128,138	2,644,235

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds		f,
General fund		825,706	(841,376)	143,517	127,847
Restricted funds
Hospital Fund		422	(131)		291
TOTAL FUNDS		826,128	(841,507)	143,517	128,138

Detailed Statement ofFinancial Activities
for the Year Ended 31stDecember 2020
	31,12.20	31.12.19
		6
INCOME AND ENDOWMENTS
Donations and legacies
Donations Furlough Grant	280,196 5,380	452,405
	285,576	452,405
Investment income
Rents received
Deposit account interest	46,400 7	41,725 15
	46,407	41,740
Total incoming resources	331,983	494,145
EXPENDITURE
Charitable activities
Wages Rent aud Rates	15,404	15,646
Insurance	15,364	8,605
Light and heat Sundries	21,240 53,418	19,564 55,788
Repair &Maintenance Laundry &,Cleaning	3,178 4,182	1,348 5,878
Food &.Catering Buildings repairs Visiting priests Freehold property Fixtures and fittings Bank loan interest	8,603 28,559 30,114 70,377 9,912	301 33,171 20,603 61,860 70,377 10,828
Charitable Donations	59,404	73,936
		82,000
	319,755	459,905

					Detailed Statement ofFinancial Activities
					for the Year Ended 31stDecember 2020
						31.12.20	31.12.19
Support costs
Management
Postage and Travelling	stationery					383	168 1,707
						383	1,875
Finance
Bank charges						766	1,518
Governance	costs
Auditors' remuneration Auditors' remuneration Telephone Legal and Professional			for non audit work fees			6,000 9,600 3,902 9,000	5,000 11,130 4,490 8,183
						28,502	28,803
Total resources	expended					349,406	492,]01
Net (expenditure)/income				before gains and
losses
						(17,423)	2,044
Realised recognised		gains and			losses
Realised gains/(losses)			on	investment
property						20,517	123,000
Net income
						3,094	125,044