##
##
|||Page|
|---|---|---|
|Trustees'|annual
report||
|Independent
examiner's
report to the trustees|||
|Statement|offinancial
activities||
|Statement|offinancial
position||
|Statement|ofcash flows||
|Notes to the financial statements|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Y|ear ended|31July|2020|2020||
|---|---|---|---|---|---|---|---|
||||||2020||2019|
||||||Unrestricted|||
||||||funds|Total funds|Total funds|
|||||Note|8|||
|Income and endowments||||||||
|Donations
and legacies
Investment
income||||4
5|347,643
12,043|347,643
12,043|895,970
12,000|
|Total income|||||359,686|359,686|907,970|
|Expenditure||||||||
|Expenditure
on|charitable|activities||6,7|413,307|413,307|923,035|
|Total expenditure|||||413,307|413,307|923,035|
|Net expenditure|and net|movement|in funds||(53,621)|(53,621)|(15,065)|
|Reconciliation|offunds|||||||
|Total funds brought
forward|||||211,055|211,055|226,120|
|Total funds carried forward|||||157,434|157,434|211,055|
##
|||Iraqi Welfare Assoc|Iraqi Welfare Assoc|iation|||
|---|---|---|---|---|---|---|
|||Statement ofFinancial||Position|||
|||31July|2020||||
|||||2020||2019|
||||Note||6||
|Fixed assets|||||||
|Tangible fixed assets|||13||1,087|626|
|Current assets|||||||
|Debtors
Cash at bank and in|hand||14|5,000
154,293||5,000
212,706|
|||||159,293||217,706|
|Creditors: amounts|falling|due within one year|15|2,946||7,279|
|Net current assets|||||158,347|210,429|
|Total assets less current||liabilities|||157,434|211,055|
|Net assets|||||157,434|211,055|
|Funds ofthe charity|||||||
|Unrestricted
funds|||||157,434|211,055|
|Total charity funds|||||157,434|211,055|
##
##
|Year|ended 31July 20|20||
|---|---|---|---|
|||2020|2019|
|Cash flows from operating
activities||E|E|
|Net expenditure||(53,621)|(15,065)|
|Adjustments
for:||||
|Depreciation
oftangible fixed assets
Dividends,
interest and rents from investments
Other interest receivable and similar income
Interest payable
and similar charges
Accrued (income)/expenses||854
(12,000)
(43)
362
(2,694)|657
(12,000)
1,073
2,820|
|Changes
in:||||
|Trade and other creditors||(1,639)|(1,019)|
|Cash generated
from operations||(68,781)|(23,534)|
|Interest paid
Interest received||(362)
43|(1,073)|
|Net cash used
in operating
activities||(69,100)|(24,607)|
|Cash flows from investing
activities||||
|Dividends,
interest and rents from investments
Purchase
oftangible assets||12,000
(1,315)|12,000|
|Net cash from investing
activities||10,685|12,000|
|Net decrease
in cash and cash equivalents
Cash and cash equivalents
at beginning
ofyear||(58,415)
212,708|(12,607)
225,315|
|Cash and cash equivalents
at end ofyear||154,293|212,708|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|have been had the impairmen
Donations
and legacies|t
not previously
been rec|ognised.|||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds
f|2020
6|Funds
6|2019
E|
|Donations|||||
|HMRC Gift Aid
Donations
Events &Trips
Grants received|79,752
237,217
1,785
28,889|79,752
237,217
1,785
28,889|162,296
723,574
7,100
3,000|162,296
723,574
7,100
3,000|
||347,643|347,643|895,970|895,970|
##
|Investment
income||||||
|---|---|---|---|---|---|
|||Unrestdcted|Total Funds|Unrestricted|Total Funds|
|||Funds
E|2020
6|Funds
f|2019|
|income from investment
Bank interest receivable|properties|12,000
43|12,000
43|12,000|12,000|
|||12,043|12,043|12,000|12,000|
##
##
||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2020|
|Financial Assistance
Newsletter
and Magazines
Events and Functions|263,733
7,270
25,520||263,733
7,270
25,520|
|Support costs|116,784||116,784|
||413,307||413,307|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2019|
||6|E||
|Financial Assistance
Newsletter
and Magazines
Events and Functions|772,013
4,795
28,693|7,704|772,013
4,795
36,397|
|Support costs|109,830||109,830|
||915,331|7,704|923,035|
##
##
##
##
##
|7.|Expenditure|o|n cha|ritabl|e
activ|ities|by|activity typ|activity typ|activity typ|e||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Activities|||||||
|||||||||undertaken||||Support|Total funds|Total fund|
||||||||||directly|||costs|2020|2019|
|||||||||||E|||E|E|
||Financial Assistance
Newsletter
and Magazines
Events and Functions
Governance
costs|||||||263,733
7,270
25,520||||113,335
3,450|377,067
7,270
25,520
3,450|878,645
4,795
36,397
3,198|
|||||||||296,523||||116,785|413,307|923,035|
|8.|Analysis ofsupport|||costs|||||||||||
|||||||||||||Financial|||
||||||||||||Assistance||Total 2020|Total 2019|
|||||||||||||E|E|E|
||Staff costs
Premises|||||||||||20,327
28,505|20,327
28,505|15,352
42,670|
||Communications||and|IT||||||||326|326|600|
||General office
Finance costs|||||||||||5,285
362|5,285
362|9,834
1,073|
||Governance|costs||||||||||3,450|3,450|3,198|
||Insurance|||||||||||532|532|522|
||Legal &professional|||fees||||||||56,509|56,509|35,923|
||Depreciation|||||||||||855|855|657|
||Promotion|||||||||||634|634||
|||||||||||||116,785|116,785|109,829|
|9.|Net expenditure||||||||||||||
||Net expenditure||is stated after charging/(crediting):||||||||||||
||||||||||||||2020|2019|
||||||||||||||E|E|
||Depreciation|of|tangible fixed assets||||||||||854|657|
|10.|Independent|examination|||fees||||||||||
||||||||||||||2020|2019|
||||||||||||||F|E|
||Fees payable to||the independent|||examiner||for;|||||||
||Independent|examination|||ofthe financial statements||||||||750|750|
|11,|Staff costs||||||||||||||
||The total staff costs and employee|||||benefits||for|the|reporting||period are|analysed as|follows:|
||||||||||||||2020|2019|
||||||||||||||E|E|
||Wages and|salaries|||||||||||20,327|15,352|
||The average|head count ofemployees|||||during the|||year|was|4(2019:3).|||
##
##
##
##
##
##
##
|13.|Tangible fixed asse|ts||||
|---|---|---|---|---|---|
||||Fixtures and|||
||||fittings|Equipment|Total|
||Cost|||F|E|
||At 1 August 2019
Additions||1,173|47,378
1,315|48,551
1,315|
||At 31July 2020||1,173|48,693|49,866|
||Depreciation|||||
||At 1 August 2019
Charge for the year||1,171|46,754
854|47,925
854|
||At 31July 2020||1,171|47,608|48,779|
||Carrying
amount|||||
||At 31July 2020||2|1,085|1,087|
||At 31 July 2019||2|624|626|
|14.|Debtors|||||
|||||2020|2019|
|||||E|E|
||Prepayments
and accrued income|||5,000|5,000|
|15.|Creditors' .amounts|falling due within one year||||
|||||2020|2019|
|||||E'|E|
||Accruals and deferred
income
Social security and other taxes|||2,946|5,640
109|
||Other creditors||||1,530|
|||||2,946|7,279|
##
##
##
##
##
|||||At||||
|---|---|---|---|---|---|---|---|
|||||1 August 201|||At|
|||||9|Income|Expenditure|31July 2020|
|||||E|E|E|E|
||General funds|||211,055|359,686|(413,307)|157,434|
|||||At||||
|||||1 August 201|||At|
|||||8|Income|Expenditure|31 July 2019|
|||||E||E|E|
||General funds|||218,416|907,970|(915,331)|211,055|
|17.|Analysis ofnet assets between funds|||||||
|||||||Unrestricted|Total Funds|
|||||||Funds|2020|
|||||||E|E|
||Tangible fixed assets
Current assets
Creditors less than
1||year|||1,087
159,293
(2,946)|1,087
159,293
(2,946)|
||Net assets|||||157,434|157,434|
|||||||Unrestricted|Total Funds|
|||||||Funds|2019|
||||||||F|
||Tangible fixed assets|||||626|626|
||Current assets
Creditors less than|1|year|||217,708
(7,279)|217,708
(7,279)|
||Net assets|||||211,055|211,055|
|18.|Analysis ofchanges||in net debt|||||
||||||At||At|
||||||1 Aug 2019|Cash flows|31Jul 2020|
||||||E|E|E|
||Cash at bank and in hand||||212,708|(58,415)|154,293|