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2020-12-31-accounts

Page
Annual
Report Charity		 information
Trustees' Annual
Report
Independent
auditor's		 report 15
Funds Statements:-
Statement ofFinancial Activities 16
Statement
of Financial		 Activities - Prior Year statement 17
Statement
oftotal recognised		 gains and losses 18
Movements
in funds		 19
Income and Expenditure account 20
Balance sheet 21
Cash flow statement 23
Notes to the accounts 25

64 Broadway
Boardman
House, Stratford
London,
E151NT
Telephone 02088101664Email Address info@emfoundation org uk Web address www. emfoundation. org. uk
The Trustees
in office on the date the		 report was approved were:-
Mr Anil Bhanot OBE, FCA
Mr Surindar
Singh Syan LLB
Dr Santosh Bhanot PhD
(Appointed		 5th May 2020)
Mr Dilip Joshi MBE, FCILT
(Appointed
10th June 2020)
Mr Sunil Purohit
(Resigned
9th February 2020)
Ms Tangy Morgan
(Resigned 11th		 Februanr 2020)

The charity'8 finan cial position at the end oithe year ended 31 December 2020
The financial
position		 ofthe charity at 31 December 2020 and comparatives for the prior period,
as more fully detailed in the accounts, can be summarised as follows:-
2020 2019
8 E
Nst Income 239,251 1,858
Unrestricted
Revenue
Funds, include s
substantial
sum for properties costs		 6,890.317 6,620,552
Unrestricted
revaluation		 reserve 7,138,959 7,138,959
Total Unrestricted
Funds		 14,029,276 13,751},511
Restricted Revenue
Funds		 2,387,651 2,418,165
Total Restricted Funds 2,387,651 2,418,165
Tots}Funds 16,416,927 16,177,676

soap
Raf		 Currant year
Unrestricted
Funds		 Current year
Rsatrlclad Funds		 Current year
Talal Funds		 Prior Year
Terai Funda
2020 2020f 2020 2019
6
Income 8 Endowments from:
Donations 8Legacies Al 398,156 398,156
Charitable
activities		 A2 281,094 281,094 6,871
Other trading activities A3 359,468 359,468 848,383
Investments A4 1,167,722 1,167,722 1,300,175
Total income 2,206r440 2,206,440 2,155,429
Expenditure
on:
Raising funds Bl 597,229 597,229 638,445
Charriable
activities		 82 1,369,960 1,369,960 1,515,126
Total expenditure 1,967,189 1,967,189 2,153,571
Net gains on investments 64
Net income for the year 239,251 239,251 1,858
Net income after transfers A-B-C 239,251 239,251 1,858
Net movement
in funds		 239,251 239,251 1,858
Reconciliation
of funds:-
Total funds brought forward 13,759,511 2,418,165 16,177,676 9,036,859
Unrestricted
Revaluation		 Reserve 7,138,959
Total funds carried forward 13,998,762 2,418,165 16,416,927 16,177,676

Prior Year Prior Year Prior Year
SORP
Ref		 Total Funds
Unrestricted
Funds		 Resuicted Funds
2919 2919 2919
9 6 9
income & Endowments from:
Donations
&Legacies		 A1
Chantable
acbvities		 A2 6,871 6,871
Other trading
activities		 A3 848,383 848,383
investments A4 1,300,175 1,300,175
Total income 2,155,429 2,155,429
Expenditure
on:
Raising funds 81 638,445 638,445
Charitable
activities		 82 1,515,126 1,515,126
Total expenditure 2,153,571 2,153,571
Net income for the year 1,858 1,858
Net income after transfers 1,858 1,858
Net gains on revaluation offixed assets Dl 7,150,000
Net movement
in funds		 7,151,858 1,858
Reconciliation
offunds:-
Total funds brought forward 9,262,681 9,036,859
Unrestricted
Revaluation		 Reserve 7,138,959
Total funds carried forward 16,414,539 16,177,676

2020f 2019
6
Funds generated in the year as detailed in the SOFA 239,251 1,858
Resources applied on functional fixed assets (19,648) (3,688,699)

Unrestricted Restricted Total Last yssr
Funds Funds Funds Totslyunds
2020 2020 2020 2010
1 f 0
Accumulated funds brought forward 6,651,066 2,387,651 9,038,717 2,416,307
Recognised gains and losses before transfers 239,251 239,251 1,858
6,890,317 2,307,651 9,277,960 2,410,165
Closing revenue funds 6,890,317 2,387,651 9,277,968 2,418,165
Revaluation Reserve Fund Unrestricted Restricted Total Last year
Funds Funds Funds Total Funds
2020 2020 2020 2010
2 f 8
At 1 January 7,138,959 7,138,959 6,620,552
Net gains on revaluation offixed assets 7,138,959
At 31December 7,130,959 7,138,959 13,759,511
Summary of funds Unrestricted Restricted Total Last Year
snd Funds Funds Total Funds
Designated
funds
2020 2020 2020 2019
1 0 4 f
Revenue accumulated funds 6,890,317 2,387,651 9,277,968 2,418,165
Revaluation reserve fund 7,138,959 7,138,959 13,759,511
Total funds 14,029,276 2,387,651 16,416,927 16,177,676

Income and Expenditure
A
Companies
Act 2000		 cc ount f or th e year ended 31 December 20 20as required
by th		 e
2020 2019
8 8
Income
Income from operations 1,038,718 855,254
Investment
income and interest
Income from investments,
other than		 interest receivable 1,167,450 1,299,824
Interest receivable 272 351
Grom income in the year before exceptional items 2406,440 2,155,429
Gross income in the year including exceptional items 2,206,440 2,155,429
Expenditure
Charitable
expenditure,
excluding		 depreciation and amortisation 1,170,392 1,307,984
Depreciation
and amortisation		 108,377 112,517
Fundraising
costs		 597,229 638,445
Governance costs 12,500 10,254
Interest payable 78,691 84,371
Realised losses
on disposals ofsocial investments		 which are programme related
Total expenditure
in the year		 1,967,189 2,153,571
Net income before tax in the financial year 239,251 1,858
Tax on surplus on ordinary activities
Net income after tax in the financial year 239,251 1,858
Retained surplus for the financial year 239,251 1,858
A0 activities derive from continuing operations

SDRP
Note Ref 2020 2019
6
Fixed assets A
Tangible assets 8 A2 3,656,640 3,745,369
Investments
held as		 fixed assets 10 A4 15,000,000 15,000,000
Total fixed assets 18,656,640 18,745,369
Current assets B
Stocks B1 6,715 6,865
Debtors 12 B2 172,223 55,499
Cash at bank and in hand B4 408,810 281,125
Total current assets 587,748 343,489
Creditors: amounts falling due within
one year 13 C1 (439,810) (493,017
Net current assets/(liabilities) 147,938 (149,528)
18,804,578 18,595,841
Total assets less current liabilities
Creditors: amounts falling due after more
than one year 14 C2 (2,387,651) (2,418,165)
The total net assets ofthe charity 16,416,927 16,177,676
The total net assets ofthe charity are funded by the funds ofthe charity, as follows:-
Restricted funds
Restricted Revenue Funds 18 D2 2,387,651 2,418,165
2,387,651 2,418,165
Unrestricted
Funds
Unrestricted
Revenue		 Funds 18 D3 6,890,317 6,620,552
Unrestricted
Revaluation
Reserve		 18 D4 7,138,959 7,138,959
14,029,276 13,759,511
Designated
Funds
Total charity funds 16,416,927 16,177,676

Cash Flow Statement fo r the year en ded 31 De cember 2 020
2020 2019
6
Cash flows from operating activities
Net cash used
in operating
activities as shown		 below 8 ~),020,363) ~))).)82,)26
Cash flows from investing activities
Interest received 272 351
Other investment
income, including
rents from investments		 1,167,450 1,299,824
Proceeds from sale of property, plant and equipment 3,655,442
Purchase of property,
plant and		 equipment (19,648) (33,257)
Purchase ofinvestments (5,018,674)
Net cash provided
by i(used in )investing		 activities B 1,148,074 (96,314)
Cash flows from financing activities
Cash inflows from new bonowings (30,514) 122,579
Net cash (used in )/provided by financing activities (30,514) 122,579
Overall cash provided
by i(used in )all activities		 A+B+C 97,197 (11,140,861)
Cash movements
Change
in cash and cash equivalents
from activities		 in the
year ended 31 December 2020 127,710 (11,140,861)
Cash and cash equivalents
at
1		 January 2020 281,100 217,528
Cash at bank and in hand less overdrafts at 31December DD8,81D ~1D,923,333)

Net
income as shown		 in the Statement of Financial Statement of Financial Activities 239,251 1,858
Adjustments
for:-
Depreciation
charges		 108,377 112,517
Write downs ofinvestments
Net gains on investment assets (9,981,326)
Dividends,
interest and		 rents from investments (1,167,722) (1,300,175)
Decrease
in stocks		 150
Increase
in debtors		 (116,724)
Decrease
in creditors, excluding		 loans (83,695)
Net cash used in operating activities a (1.020,363) ~11187128,
Analysis ofcash and cash equivalents
2020 20'I9
8
Cash
in hand at for the		 year ended 31 December 2020 408,810 281,126
Overdralts
facility repayable		 on demand (26)
Total cash and cash equivalents 408,810 281,100

Tangible fixed assets are measured
at their onginsl cost value, or subsequent
revaluation,
or ifdonated, as described		 Tangible fixed assets are measured
at their onginsl cost value, or subsequent
revaluation,
or ifdonated, as described		 Tangible fixed assets are measured
at their onginsl cost value, or subsequent
revaluation,
or ifdonated, as described		 Tangible fixed assets are measured
at their onginsl cost value, or subsequent
revaluation,
or ifdonated, as described
above. Cost value includes
all costs expended
in bringing
the asset into its intended
working		 condition.
Depreaation
has been provided at the following
rates in order to wnte offthe assets to their		 anticipated
residual
value		 ovi
estimated
useful lives.
Freehold Premises
2 % acquision cost ofPeeple Centre property
Leasehold premises
0 %on investment
property
Fixtures, fittings 8 equipment
20 %Reduang
balance
Investment
properties are included
in the balance sheet at their open market value, Although		 this accounting policy is in
accordance
with the SORP, it is departure
from the general requirement
ofthe Companies		 Act 2008for ag tangible asser
be depriciated
In opinion ofthe Trustees compliance
with the standard
is necessary for the		 finanaal
statements
to		 give
a We and fair view. Depreciation
or amorbsation
is only one ofmany factors reflected
in the		 annual
valuation		 and the amc
ofthis which might overwise
have been charged cannot be separately
identified
or qualified.
Accounting
for capital grants and fixed asset funds.
Gifts of tangible fixed assets or grants ofa capital nature, given for the purposes ofacquiring
specific assets		 to be fully
utilised
in the furiherance
ofthe objects ofthe charity, are credited to fixed asset funds after		 the donated asset has been
received or sums have been properly expended
on the restricted
purpose.
Where the terms ofthe gift require the charity to hold the asset on an ongoing basis fora speafic purpose,
then the
fixed asset fund so created is categorised as a restricted fixed asset fund, and the relevant restnctions are noted in the
fixed asset note 8.
Where the terms ofthe gift are met once the asset is acquired, so allowing the charity to use the asset on an
unrestricted
basis, including
the right to receive the proceeds ofany future sale ofthe asset		 on an unrestncted basis,
then the fixed asset fund so created is categorised as a designated
fixed asset fund.
When assets are acquired for the furtherance
ofthe charity's objects, utilising
the charity's
own unrestncted
funds,		 a
transfer is made from unrestricted
funds to a designated
fixed asset fund
Whether acquired
with unrestricted
or restricted funds, the asset acquired
is initially shown		 in the balance sheet at the
full cost of acquisition
or subsequent
revaluation.
As the related assets are depreciated,
in accordance
with the depreciation
policy, in order to		 rellect the dimunition
in		 the
asset,a transfer
is made from the relevant fixed asset funds to either unrestricted
or restricted
revenue funds,		 as
appropriate
to the terms ofthe original
gift, ifany.
The effect ofthis policy is that the aggregate
of all fixed asset funds shall equate to the net book value offixed		 assets.
In the first year that this policy was adopted, a transfer to fixed asset funds was made equivalent
to the net book value		 of
the assets.
Any residual
liability to the donor arising from, for example, the asset's future sale, is disclosed as a contingent		 liability
unless the event that would tngger repayment
ofthe grant becomes probable
in which case		 a liability for repayment is
recognised

3 Net su rplus
 before tax in the financial year
2020 2019
6 6
The net surplus before tax in the financial year is stated after charging:-
Depreciation
of		 owned fixed assets 108,377 112,517
Pension costs 11,452 12,519
Auditors' remuneration 12,500 10,000
4 Interest payable 2020 2019
6 E
Loan interest 78,691 84,371

Salary costs 2020 2019
6
Gross Salaries excluding
trustees and key management
personnel		 831,649 890,376
Employer's
National
insurance
for ail staff		 30,969 42,301
Employer's
contribution
to defined
benefit pension schemes		 3,467 3,904
Employer's
operating costs ofdefined contribution		 pension schemes 7,985 8,615
Trustees'
Remuneration
as detailed
in note 0
Total salaries, wages and related costs 874,070 945,196
Numbers offull time employees or full time equivalents 2020 2019
The average
number oftotal staff employed
in the year was		 53 51
The average number
of part time staff employed		 in the year was 12 11
The average number of full time staff employed
in the year was		 42 42
The estimated
full time equivalent
number ofail staff employed		 in the year was 47 46
The estimated
equlvaienl
number offuff time		 staff deployed in different activities in the year wasi-
Engaged an charitable
activities		 37 35
Engaged
on management
and administration		 10 10
The estimated
full time equivalent
number of		 affstatF employed as above 47 46
No No
Numbers ofsuch staff to whom benefits are accruing:-
Auto enrolment pension schemes 43 42
43 42

The expenses reimbursed reimbursed to trustees, to trustees, to trustees, or paid directly to or paid directly to third parties, in the current or prior year, was as shown below
2020 2019
6 6
The amount
reimbursed		 to trustees 254
The nature ofthe trustees' expenses was travel, subsistence etc.
The number of trestees' to whom expenses were reimbursed was 2
7 Deferred income - Unrestricted and Designated funds
Opening Released Received Deferred
Deferrals from prior less released at year end
yearn
4		 in year
f
Quarterly
Invoices		 115,317 101,803
Total 115,317 101,803
2020 2019
6 6
These deferrals are included in creditors 101,803 115,317
The deferrais included in creditom relate to quarterly invoices.
8 Tangible fixed assets
Fixtues,
Land and
Buildings		 fittings,
tools and		 Motor
Vehicles		 Total
eouioment
2
Cost
At 1January 2020 4,205,599 589,136 4,794,735
Additions 19,648 19,648
At 31December 2020 4,205,599 608,784 4,814,383
Depreciation
Transfers
to investments		 Property 573,880 475,486 1,049,366
Charge for the year 84,378 23,999 108,377
At 31 December 2020 658,258 499,485 1,157,743
yfet book value
At 31December 2020 3,547,341 f09399 3,656,640
At 31 December 2019 3,631,719 113,650 3,745,369

Investments
subsidiaries		 in Listed
investments		 Other Classes
oflnvestmsnt		 Total
Carrying values ofinvestments
At I January 2020 15,000,000 15,000,000
At 31 December 2020 15,000,000 15,000,000
Analysis
between		 fair value and historical cost
Investments
as above held at fair value		 15,000,000 15,000,000
Analysis of Other Classes ofInvestment
Included at
histoncs1
cost, less		 Included at fair
value		 Total
ellis dowll
Summary ofother classes ofinvestments at 31 December 2020
Cash orcash equivalents 15,000,000 15,000,000
11 Stocks &Work in Progress 2020 2019
9 9
Stocks 6,715 6,865
6,715 6.865

12 Debtors
2020 2019
2
Trade debtors 86,388 39,100
Other debtors 85,835 16,399
172,223 55,499
13Creditors: amounts falling due within one year 2020 2019
8 2
Bank loans and overdrafts 26
Trade creditors 159,757 193,047
Accruais 60,740 85,239
Deferred Income - Unrestricted 8 designated funds 101,803 115,317
PAYE, NIC VAT and other taxes 40,625 92,196
Other creditors 76,885 7,192
439,810 493,017
14Creditors: amounts falling due after one year 2020 2019
6
Bank loans snd overdrafls 2,387,651 2,418,165
15 Revaluation
reserve
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds TotsiFunds
Funds Funds
2020 2020 2020 2010
5 2 2 2
At 1 January
2020		 7,138,959 7,138,959 7,138,959
At 31December 2020 7,138,959 7,138,959 7,138,959
16 Income and Expenditure account summary 2020 2019
2 6
At 1January 2020 1,858
Surplus for the year 239,251 1,858
At 31December 2020 241,109 1,858

At3?December 2020 Unrestricted Designated Rsstncted Total
funds funds funds Funds
E E E E
Tangible Fixed Assets (88,729) 3,745,369 3,656,640
Investments
at valuation:-
Frxad asset investments 15,000,000 15,000,000
Current Assets (1,799,903) 2,387,651 587,748
Current
Liabilities		 (439,810) (439,810)
Long Term Liabilities (2,387,651) (2,387,651)
10,283,907 6,133,020 16,416,92?
At 1January 2020 Unrestricted Designated Restricted Total
funds funds funds Funds
E E E E
Tangible Fixed Assets 3,745,369 3,745,369
Investments
at valuation-
Fixed asset investments 15,000,000 15,000,000
Current Assets (2,044,162) 2,387,651 343,489
Current
Liabilities		 (493,017) (493,017)
10,044,656 6,133,020 16,177,676
18 Change
in		 total fun d s o ver the year as show n
in Note 17,anal		 ysed
by i		 ndiv idual
funds
Funds Movsmsm in Funds carried
brcu9ht funds in 2020 Tmnsism forward to
forwani from between funds 2021
2010 in 2020
See Note 19 gee Nots 10
2
Unrestricted and designated funds:-
Unrestncted Revenue Funds 6,651,066 239,251 6,890,317
Unrestricted Revaluation Reserve 7,138,959 7,138,959
Total unrestricted
and		 designated funds 13,790,025 239,251 14,029,276
Reslricied funds:-
Restricted Revaluation Reserve
General
fund		 2,357,651 2.357.651
Total restricted funds 2,387,651 2,387,651
Total charity funds 10,177,670 239,251 16,410,927
19 Analysis ofmovements in funds over the year as shown
in Note 18
Other
Income Expenditure Gains 8 Movement
Losses In funds
2020 2020 2020
6 E E
Unrestricred end designated funds:-
Unrestricted Revenue Funds 2,206,440 (1,967,189) 239,251
Unrestricted Revaluation Reserve
230,251

20 Donations
and		 Legacies Legacies
Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2020 2020 2020 2019
6 2 6 f
Revenue grants from government and public bodies
Leicersler City Grant 39,222 39,222
Total public sector revenue grants 39,222 39,222
Grants receivable -Coranavirus Job Retention Scheme
Total Grants receivable
Job Retention Scheme		 - Coranavirus 358,934 358,934
Total Donations and Legacies A1 398,156 398,156
21 Income from charitable
activities -		 Trading Activities
Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2020 2020 2020 2019
6 6 6
Primary purpose and ancillary trading
Arts Council
Funding		 35,000 35,000 6,871
Cultural
Recovery		 Fund - 1 129,841 129,841
Charitable
activities		 income 4,772 4,772
Total Primary purpose
trading		 and ancillary 169,613 169,613 6,871

Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds TotelFunde
Funds
2020 2020 2020 2019
9 2 2
Grants Income
Big Lottery - Sports 4,800 4,800
Leicester & Rutland Fund - 1 5,000 5,000
Leicester & Rutland Fund - 2 I0,000 10,000
Community Lottery Grant 9,225 9,225
Defra Grant 42,502 42,502
Total Grants Income 111,481 111,481
Total Charitable
income from		 funders 111,481 111,481
23 Total Income from charitable activities
Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
9 9 2
2020 2020 2020 2019
Total income from charitable trading 169,613 169,613 6,871
Total Charitable
income		 from funders 111,481 111,481
Total from charitable activities A2 281,094 281,094 6,871
24 Income from other, trading activities
2020 2020 2020 2019
Current year Current year Current year Prior Year
Unrestricted Total Funds Total Funds
F naris Restricted Funds
2020 2020 2020 2019
9 9 9
Trading activities to
charity		 raise funds for the 359,468 359,468 848,383
Total from other activities A3 359,468 359,468 848,383

25 Investment i ncom e
Current year Current year Current year Prior Year
Unrestricted Restricted Funds TotalFunds TotalFunds
Funds
2020 2020 2020 2019
f 0 0 0
Property Rental Income 1,167,450 1,167,450 1,299,824
Bank Interest Receivable 272 272 351
Total investment income A4 1,167,722 1,167,722 1,300,175
26 Expenditure on charitable activities - Direct spending
Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2020 2020 2020 2019
2 0 0 0
Gross wages
activities		 and salaries - charitable 601,341 601,341 612,884
Employers' Nl - Charitable activities 24,148 24,148 33,994
Defined contribution
charitable
activities		 pension costs- 7,985 7,985 8,615
Travel and Subsistence
Activities		 - Charitable 3,974
Marketing
and
services		 advertising ofcharitable 2,689 2,689 11,041
Rates 4,139 4,139 16,416
Direct cost 100,925 100,925 210,669
Bad debts 16,405
Light and heat 63,817 63,817 85,078
Cleaning 20,285 20,285 13,391
Insurance 10,979 10,979 18,097
Repairs and maintenance 55,763 55,763 65,447
Sundry expenses 2,286 2,286 2,263
Total direct spending 62a 894,357 894,357 1,098,274

Current year Current year Current year Prior Year
Unrsstrictsd Restricted Funds Totslsunds ToislFunds
Funds
2020 2020 2020 2019
8 6 8 8
Software 2,752 2,752 3,817
Printing,
postage		 and stationery 2,098 2,098 3,952
Telephone 11,482 11,482 14,385
Computer costs 4,604 4,604 4,602
Equipment Hire and Leasing 13,698 13,698 20,395
Subscription s 2,398 2,398 3,557
Legal & Professional fees 1,446 1,446
Security 28,285
Staff training and welfare 739 739 760
Hygiene 9,245
Equipment
expensed		 7,449 7,449 10,331
Total charitable trading costs 62b 46,666 46,666 99,329
Current year Current year Current year Prior Year
Unrestricted Restricted Funds ToisiFunds Total Funds
Funds
2020 2020 2020 2019
6 8 8 6
Grants made to organisations 27,681 27,681 37,611
Costs relating to the award of grants 179,137 179,137 6,871
Total grantmaking costs 62c 206,818 206,818 44,482

Breakdown ofGrants made to Breakdown ofGrants made to organisations
Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds TctaiFunds
Funds
2020 2020 2020 2019
E E E
EMF grants anaiysed 27,681 27,681 37,611
22 661 27,681 37,611
29 Support costs for charitable activities
Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds TotaiFunds
Funds
2020 2020 2020 2019
E E E E
Professional fees paid to advisors other than the auditor or examiner
Accountancy
fees		 fees other than audit 12,500 tO,COO
Legalfees 1,260 1,260
Management fees 50,922
Financial costs
Bank charges 8,791 8,791 4,977
Loan interest 78,691 78,691 84,371
Depreciation
the period		 &Amortisation
in total for		 108,377 108,377 112,517
Support costs before reallocation 209,619 209,619 262,787
Total support costs 209,619 209,619 262,787

Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
202e 2e20 2e2e 2019
E E E E
Auditor's fees 12,500 12,500 10,000
Trustees' expenses 254
Total Governance costs 12,500 12,500 10,254

31 Total Charitable expenditure
Current year Current year Current year Prior Year
Unrestricted Restricted Funds TolalFunds ToialFunds
Funds
2020 2020 2020 2019
s
Total direct spending B2a 894,357 894,357 1,098,274
Total charitable trading costs B2b 46,666 46,666 99,329
Total grantmaking costs B2c 206,818 206,818 44,482
Total support costs B2d 209,619 209,619 262,787
Total Governance costs B2e 12,500 12,500 10,254
Total charitable expenditure B2 1,369,960 1,369,960 1,515,126
Expenditure
on raising fund		 s and c osts o finvestment
ma		 nagement
Current year Current year Current year Prior Year
Unrestricted Restricted Funds TolalFunds ToialFunds
Funds
2020 2020 2020 2019
9 6 s s
Hardware
&software		 5,051 5,051 4,893
I egal fees 6,527 6,527 10,100
Book-keeping fees 18,100 18,100 16,602
Travel expenses 1,051 1,051 1,754
Movement
in stock for non		 primary 64
purpose
trading
Property
repairs and maintenance
non charitable
property		 for 54,109 54,109 81,981
Light &heat 71,113 71,113 94,156
Rates 52,257 52,257 55,715
Insurances 22,725 22,725 19,046
Other premises costs 2,451 2,451 2,733
Phone & broadband 6,699 6,699 11,370
Fund Raising cost 21,520
Gross wages and salaries - fundraising 230,308 230,308 277,492
Employers'
Nl - fundraising		 activities 6,821 6,821 8,307
Defined benefit pension costs-
fundraising
activities		 3,467 3,467 3,904
Cleaning 25,659 25,659 26,121
Stationery and printing 572 572 242
Bad debts 85,796 85,796
Staff training
and welfare		 4,523 4,523 2,445
Total fundraising
costs		 B1 597,229 597,229 638,445

SOFA ref 2020 2019
8
Activity
income from charitable activities
Investment activities 281,094
Other income resources 6,871
Total Income from charitable activities A2 281,094 6,871
Summary ofTotal income, including the items above
Chantable activities A2 281,094 6,871
Other activities A3 359,468 848,383
Donations &Legacies Al 398,156
Investment income A4 1,167,722 1,300,175
Total income as shown in the SOFA 2,206,440 2,155,429
34 Analysis ofcharitable expenditure by activity
Actlvar
Direct costs Support Grant
coals funding of Total Total
activities
2020 2020 2020 2020 2019
8 6 6 6 8
Investment seri vi ties
Charitable trading costs
Professional
fees		 13,760 13,760 10,000
Financial costs 163,394 163,394 196,888
Total Investment activities
177,154 177,154 206,888

ivity analy sis of Income and e xpen diture
for the fo		 r the year en ded 31D ece mber 2020
Direct costs Support Grant
coats funding of Total Total
actnnties
2020 2020 2020 2020 2019
6 6 8 6
Charllable activities
Direct costs 894,357 894,357 764,364
Charitable trading costs 46,666 46,666 98,539
Amorlisation and Loan Interest costs 32,465 32,465 (99,654)
Grants paid 206,818 206,818 43,455
Total Charitable activities 941,023 32,465 206,818 1,180,306 806,704
Summary ofcharitable costs by
activity
Direct costs Support Grant
Costs funding of Total Total
activities
2020 2020 2020 2020 2019
8 2 8 8 6
Total Investment accvities 177,154 177,154 206,888
Total Charitable activities 941,023 32,465 206,818 1,180,306 806,704
Total Governance costs as detailed in
Note 30 12,500 12,500 10,254
Total charitable expenditure 941,023 222,119 206,818 1,369,960 1,023,846
Governance Finance Human Other Total
Activity Resources Overheads
Investment activities 163,394 13,760 177,154
Charitable activities 12,500 32,465 44,965
Grand Total 12,500 195,859 13,760 222,119
Summary ofgrant making by activity
Grants to
institutioiis		 Grants to
individuals		 Support
Costs		 Total Total
2020 2020 2020 2020 2019
8 6 6 8 k
Charitable activities 2,800
Choice International 4,500
Diversity Grant 1,000
Peepul Delhi 21,139 33,811
Neelam Story Mental Health Vodeo 500
Peepui Kathmandu 1,542
27,681 37,611

Activity
Fundraising activities Fundraising
activities		 Fundraising
activities
2020 2019
6 6
Direct fundraising costs 597,229 638,445
Governance cosrs Governance
Costs		 Governance
COStS
2020 2019
I 6
Other Expenditure
-		 Governance costs as detailed in Note 30 12,500 10,254
Total non charitable expenditure 2020 2019
6 8
Total costs of Fundraising activities 597,229 638,445
Total non charitable expenditure 597,229 638A45
2020 2019
8 5
6,715 6,865