2021-12-31-accounts - Human Welfare International Charitable Trust

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	Page
Trustees' Report	1 to	7
Statement ofTrustees' Responsibilities
Report ofthe Independent Auditors	9 to	11
Statement ofFinancial Activities	12
Statement ofFinancial Position	13 to	14
Statement ofCash Flows	15
Notes to the Statement ofCash Flows	16
Notes to the Financial Statements	17 to 28
Detailed Statement ofFinancial Activities	29 to 30

							31.12.21	31.12.20
				Unrestricted		Restricted	Total	Total
				fund		fund	funds	funds
			Notes
INCOME AND ENDOWMENTS
FROM
Donations and legacies			2	554,492			554,492	285,576
Investment income			3	42,720			42,720	46,407
Total				597,212			597,212	331,983
EXPENDITURE ON
Charitable activities
Religous Activity Charitable Donations				131,277 64,578		422	131,277 65,000	108,648
Support costs and Administration		Costs		325,983			325,983	240,758
Other				408,103			408,103
Total				929,941		422	930,363	349,406
Net gains on investments				355,606			355,606	20,517
NET INCOME/(EXPENDITURE)				'22,877	.	t (422)	. 22,455-	3,094
RECONCILIATION	OF FUNDS
Total funds brought forward				2,643,813		422	2,644,235	2,641,141
TOTAL FUNDS CARRIED
FORWARD				2,666,690			2,666,690	2,644,235

		Unrestricted	Restricted	31.12.21 Total	31.12.20 Total
FIXEDASSETS	Notes	fund	fund	funds	funds
Tangible assets Investment property	10 11	2,605,761 1,300,000		2,605,761 1,300,000	3,082,938 944,394
		3,905,761		3,905,761	4,027,332
CURRENT ASSETS
Debtors Cash at bank and in hand	12	20,368 380,761		20,368 380,761	19,363 ' 282,440
		401,129		401;129	301,803
CREDITORS
Amounts falling due within one year	13	(301,719)		(301,719)	(183,629)
NET CURRENT ASSETS		99,410		99,410	118,174
TOTAL ASSETSLESSCURRENT
LIABILITIES		4,005,171		4„005;"171,	4,145,506
CREDITORS
Amounts falling due after more than one
year	14 (1,338,481)		(1,338,481)		(1,501,271)
NET ASSETS		2,666,690		2,666,690	2,644,235

17
	2,666,690	2,643,813
		422
	2,666,690	2,644,235

	Notes	31.12.21	31.12.20
Cash flows from operating activities
Cash generated from operations 1 Interest paid		238,737 (46,991)	104,767 (59,404)
Net cash provided by operating activities		191,746	45,363
Cash flows from investing	activities
Purchase oftangible fixed Interest received	assets	(1,842)	(4,726)
			7
Net cash used in investing	activities	(1,842)	(4,719)
Cash flows from financing	activities
Loan repayments in year		(91,583)	(68,720)
Net cash used in financing activities		(91,583)	(68,720)
Change in cash and cash
equivalents in the reporting period Cash and cash equivalents at the		98,321	(28,076)
beginning ofthe reporting	period	282,440	310,516
Cash and cash equivalents	at the
end ofthe reporting period		380,761	282,440

	f	or the Year Ended 31st	or the Year Ended 31st	December 2021	December 2021
1.	RECONCILIATION ACTIVITIES	OFNET INCOME TO		NET CASH FLOW FROM		OPERATING
					31.12.21	31.12.20
	Net income for the reporting ofFinancial Activities) Adjustments for:		period (as per the Statement		22,455	3,094
	Depreciation charges Gain on investments Interest received Interest paid Impairment oftangible fixed assets Increase in debtors Increase/(decrease) in creditors				70,917 (355,606) 46,991 408,103 (1,005) 46,882	80,290 (20,517) (7) 59,404 (12,027) (5,470)
	Net cash provided by operations				238,737	104,767
2.	ANALYSIS OF CHANGES		IN NET DEBT
				At 1.1.21	Cash flow	At 31.12.21
	Net cash
	Cash at bank and in hand			282,440	98,321	380,761
				282,440	98,321	380,761
	Debt
	Debts falling due within Debts falling due after 1	1 year year		(122,673) (1,501,271)	(71,208) 162,790	(193,881) (1,338,481)
				(1,623,944)	91,582	(1,532,362)
	Total			(1,341,504)	189,903	(1,151,601)

DONATI	ONS AND LEGACIES
		31.12.21	31.12.20
Donations
Insurance	claims	454,492	280,196
Furlough	Grant	100,000
			5,380
		554,492	285,576

INVESTMENT INCOME
	31.12.21	31.12.20
Rents received
Deposit account interest	42,720	46,400
		7
	42,720	46,407

				Grant
				funding of
				activities	Support
			Direct	(see note	costs (see
			Costs	5)	note 6)	Totals
	Religous Activity Charitable Donations Support costs and Administration		129,592	65,000	1,685	131,277 65,000
	Costs		309,630		16,353	325,983
			439,222	65,000	18,038	522,260
5.	GRANTS	PAYABLE
					31.12.21	31.12.20
	Charitable	Donations			65,000

SUPPO	RT COSTS
				Governance
		Management	Finance	costs	Totals
Religous Support	Activity costs and Administration	132	1,553		1,685
Costs				16,353	16,353
		132	1,553	16,353	18,038

No employees received emoluments	No employees received emoluments	in excess off60,000.
COMPARATIVES FORTHE STATEMENT OF FINANCIAL			ACTIVITIES
		Unrestricted	Restricted	Total
		fund	fund	funds
INCOME	AND ENDOWMENTS	FROM
Donations	and legacies	285,154	422	285,576
Investment	income
		46,407		46,407
Total
		331,561	422	331,983
EXPENDITURE ON
Charitable	activities
Religous Activity Support costs and Administration		108,648		108,648
Costs
		240,758		240,758
Total
		349,406		349,406

9.	COMPARATIVES F continued	OR THE STATEM	ENT OF FINANCIAL	ACTIVITI	ES-
			Unrestricted	Restricted	Total
			fund	fund	funds
	Net gains on investments		20,517		20,517
	NET INCOME		2,672	422	3,094
	RECONCILIATION	OFFUNDS
	Total funds brought forward		2,641,141		2,641,141
	TOTAL FUNDS CARRIED
	FORWARD		2,643,813	422	2,644,235
10.	TANGIBLE FIXEDASSETS
				Fixtures
				&fittings
			Freehold	and
			property	Equip	Totals
	COST
	At 1stJanuary 2021 Additions Impairments		3,518,865 (408,103)	194,851 1,842	3,713,716 1,842 (408,103)
	At 31stDecember 2021		3,110,762	196,693	3,307,455
	DEPRECIATION
	At 1st January 2021 Charge for year		492,095 62,215	138,683 8,701	630,778 70,916
	At 31stDecember 2021		554,310	147,384	701,694
	NET BOOKVALUE
	At 31stDecember 2021		2,556,452	49,309	2,605,761
	At 31stDecember 2020		3,026,770	56,168	3,082,938

for the Year Ended 31stDe INVESTMENT PROPERTY	cember 2021
FAIR VALUE
At 1st January 2021
Revaluation	944,394
	355,606
At 31stDecember 2021
	1,300,000
NET BOOK VALUE
At 31stDecember 2021
	1,300,000
At 31stDecember 2020
	944,394

Fair value	at 31stDecember 2021 is represented
Valuation	in 2014
Valuation	in 2015	378,860
Valuation	in 2016	30,000
Valuation	in 2017	87,000
Valuanon	in 2019	(3,123)
Valuation	in 2020	110,000
Valuation	in 2021	20,517
Cost		355,606
		321,140
		1,300,000

DEBTORS:AMOUNTS FALLING D	UE WITHIN ONE YEAR
	31.12.21	31.12.20
Other debtors
Prepayments	11,216 9,152	15,910 3,453
	20,368	19,363

CREDITORS: AMOUN	N ONE YEAR
	31.12.21	31.12.20
Bank loans and overdrafls (see note 15) Other loans (see note 15) Social security and other taxes	163,881 30,000 710	92,673 30,000 744
Other creditors Accrued expenses	72,486 34,642	34,170 26,042
	301,719	183,629

31.12.21	31.12.20
1,502,362	1,593,944

Unrestricted funds
General fund
Restricted funds
Hospital Fund
TOTAL FUNDS

	Net
	movement	At
At 1.1.21	in funds	31.12.21
2,643,813	22,877	2,666,690
422	(422)
2,644,235	22,455	2,666,690

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		597,212	(929,941)	355,606	22,877
Restricted funds
Hospital Fund
			(422)		(422)
TOTALFUNDS		597,212	(930,363)	355,606	22,455

			Net
			movement	At
		At 1.1.20	in funds	31.12.20
Unrestricted	funds
General fund		2,641,141	2,672	2,643,813
Restricted funds
Hospital Fund			422	422
TOTALFUNDS		2,641,141	3,094	2,644,235

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
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
A current year	12months	and prior year 12months	combined position is as follows:
				Net
				movement	At
			At 1.1.20	in funds	31.12.21
Unrestricted	funds
General fund			2,641,141	25,549	2,666,690
TOTAL FUNDS			2,641,141	25,549	2,666,690

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		928,773	(1,279,347)	376,123	25,549
Restricted funds
Hospital Fund		422	(422)
TOTALFUNDS		929,195	(1,279,769)	376,123	25,549

		Human Welfare International Charitable Trust	Human Welfare International Charitable Trust	Human Welfare International Charitable Trust
		Detailed Statement ofFinancial Activities
		for the Year Ended 31stDecember		2021
				31.12.21	31.12.20
INCOME AND ENDOWMENTS
Donations and	legacies
Donations
Insurance claims				454,492	280,196
Furlough Grant				100,000
					5,380
				554,492	285,576
Investment income
Rents received
Deposit account	interest			42,720	46,400
					7
				42,720	46,407
Total incoming	resources			597,212	331,983
EXPENDITURE
Charitable activities
Wages
Rent and Rates				16,598	15,404
Insurance				13,911	15,364
Light and heat				10,452	21,240
Sundries				61,405	53,418
Repair &Maintenance				594	3,178
Food &Catering				143,915	4,182
Buildings repairs Visiting priests				4,415 20,163	8,603 28,559
Freehold property Fixtures and fittings				49,861 62,215	30,114 70,377
Bank loan interest				8,702	9,912
Charitable Donations				46,991	59,404
				65,000
				504,222	319,755
Other
Impairment losses	for tangible	fixed
assets
				408,103
This page does		not form part ofthe statutory	financial	statements

			Detailed Statement ofFinancial Activities
			for the Year Ended 31stDecember 2021
				31.12.21	31.12.20
Support costs
Management
Postage and stationery				132	383
Finance
Bank charges				1,553	766
Governance costs
Auditors' remuneration Auditors' remuneration		for	non audit	5,000	6,000
work Telephone Legal and Professional		fees		8,400 2,953	9,600 3,902 9,000
				16,353	28,502
Total resources expended				930,363	349,406
Net expenditure before		gains and
losses				(333,151)	(17,423)
Realised recognised	gains and losses
Realised gains/(losses)	on investment
property				355,606	20,517
Net income				22,455	3,094