| Page | ||
|---|---|---|
| Trustees' annual report |
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| Independent examiner's report to the trustees |
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| Statement offinancial | activities | |
| Statement offinancial | position | |
| Notes to the financial statements |
| Registered | charity | name | THE LATIF FGUNOATION |
|---|---|---|---|
| Charity registration | number | 1088421 | |
| Principal office | 65Westfield Road | ||
| Edgbaston | |||
| Birmingham | |||
| West Midlands | |||
| B153JF | |||
| The trustees | |||
| Mr Mohammed Ishtiaq Latif |
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| Mrs Naghrna Ishtlaq Latif |
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| Mrs Seerna Ishtiaq Latif Awan | |||
| Mr Kashif Ishtiaq Latif | |||
| Mrs Aaisha Ishtiaq Latif Milns | |||
| Mrs Nazis Ishtiaq Latif | |||
| Mrs Farah lshtlaq Latif |
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| Mr llyas Latlf (Deceased 10/11/2020) | |||
| Mr Arnir Ishtiaq Latif |
| Accountants | Clark &Dean Taxpro Limited |
|---|---|
| Chartered Certified Accountants |
|
| Benson House | |
| 98-104 Lombard Street | |
| Birmingham B12OQR |
| 2021 | 2021 | 2020 | |||
|---|---|---|---|---|---|
| Unrestricted | |||||
| funds | Total funds | Total funds | |||
| Note | |||||
| Income and endowments | |||||
| Donations and legacies |
22,725 | 22,725 | 27,204 | ||
| Investment income |
291,544 | 291,544 | 102,167 | ||
| Interest received on Loan | advance | 2,298 | 2,298 | ||
| Total income | 316,567 | 316,56? | 'I29,37'I | ||
| Expenditure | |||||
| Expenditure on raising funds: |
|||||
| Costs of raising donations | and legacies | 6 | 110,526 | 110,526 | 131,775 |
| Expenditure on charitable |
activities | 7,8 | 13,589 | 13,589 | 15,309 |
| Total expenditure | 124,115 | 124,115 | 147,284 | ||
| Net Surplus/(Expenditure) | and net movement | r'n funds | 192,452 | 192,452 | (17,913} |
| Reconciliation offunds |
|||||
| Total funds brought forward | 1,918,014 | 1,918,014 | 1,?43,475 | ||
| Total funds carried forward | 1,918,014 | 1,918,014 | 1,728,882 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| E | F | ||||
| Fixed assets | |||||
| Tangible fixed assets | 12 | 2,460,675 | 2,621,645 | ||
| Current assets | |||||
| Debtors | 65,339 | 132,839 | |||
| Cash at bank | and in hand | 573,414 | 152,294 | ||
| 638,753 | 285,133 | ||||
| Creditors: amounts | failing due within one year | 14 | 1,181,414 | 1,181,216 | |
| Net current | liabilities | (542,661) | (896,083) | ||
| Total assets | less current liabilities | 1,918,014 | 1,725,562 | ||
| Funds ofthe charity Unrestricted funds |
1,918,014 | 1,725,562 | |||
| Total charity | funds | 15 | 1,918,014 | 1,225,582 |
| Ye | ar ended 2 | 8 February | 8 February | 2 | 021 | ||||
|---|---|---|---|---|---|---|---|---|---|
| 5. | Investment | income | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2021 | Funds | 2020 | ||||||
| Income from | investment | properties | 291,544 | 29't,544 | 102,167 | 't02,167 | |||
| Loan interest | received | 2,298 | 2,298 | ||||||
| 293,842 | 293,842 | 102,167 | 102,167 | ||||||
| 6. | Costs ofraising donations | and legacies | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2021 | Funds | 2020 | ||||||
| F | |||||||||
| Donations | paid | 110,526 | 110,526 | 131,775 | 131,775 | ||||
| 7. | Expenditure | on charitable | activities | by fund type | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2021 | Funds | 2020 | ||||||
| E | F | E | |||||||
| Supportcosts | 13,589 | 13,589 | 15,509 | 15,509 | |||||
| 8. | Expenditure | on charitable | activities | by activity type | |||||
| Support | Total funds | Total fund | |||||||
| costs | 2021 | 2020 | |||||||
| f. | |||||||||
| General office expenses | 2,32't | 2,321 | |||||||
| Governance | costs | 11,268 | 11,268 | 15,509 | |||||
| 13,589 | 13,589 | 15,509 | |||||||
| 9. | Analysis ofsupport costs | ||||||||
| Bank | |||||||||
| Insurance | interest | Total 2021 | Total 2020 | ||||||
| F | f. | f. | |||||||
| General office expenses | 2,321 | 2$321 |
| Freehold | Fixtures 8 | ||||
|---|---|---|---|---|---|
| property | Fittings | Total | |||
| Cost at 01 March 2020 | 2,620,965 | 800.00 | 2,621,765 | ||
| Disposals | 0868 | ~160868 | |||
| At 28 February 2021 | 2,460,09? | 800,00 | 2,460,897 | ||
| Depreciation | |||||
| At 1 March 2020 and | 28 February 2021 | 222.00 | 222.00 | ||
| Carrying amount |
|||||
| At28 February 2020 | 2,460,097 | 578.00 | 2,460,675 | ||
| 13. | Debtors | ||||
| 2021 | 2020 | ||||
| Trade debtors | 17,839 | 17,839 | |||
| Other debtors | 47,500 | 115,000 | |||
| 65,339 | 132,839 | ||||
| 14. | Creditors: amounts | falling due within one year | |||
| 2021 | 2020 | ||||
| E | F | ||||
| Bank loans and overdrafts | |||||
| Other creditors | 1,\81,414 | 1,181.216 | |||
| 1,181,414 | 1,181,216 |
| Unrestricted | Total Funds | ||
|---|---|---|---|
| Funds | 2020 | ||
| E, | |||
| Tangible fixed assets | 2,460,675 | 2,621,645 | |
| Current assets | 638,?53 | 285,133 | |
| Creditors less than | 1 year | (1,181,414) | (1,181,216) |
| Net assets | 1,918,014 | 1,725,562 |