2022-02-28-accounts - The Latif Foundation

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			Pages
Trustees' Annual Report			2tog
Independent Examiner's	Report
Statement ofFinandal	Activities
Balance Sheet
Notes to the Accounts			7to 12
Detailed Statement ofFlnandal		Acttvitles	13to 14

	Notes
Income and endowments
from:
Oonadons and legacies
Investments
Total
Expenditure on:
Raising funds
Other
Total
Net gains on investments
Net income
Transfers between funds
Nat income before other
gains/(losses)
Other gains and losses
Net movement in funds
Recondliadon offunds:
Total funds brought forward
Total funds carried forward

Unrestricted
funds	Total funds	Total funds
2022	2022	2021
6	6	6
38,24S	38,248	22,725
131,721	131,721	106,298
169,969	1.69,969	129,023
138,890	138,890	110,526
12360	12,460	13,5S9
151,350	151.350	124,115
		187,544
18,619	18,619	192,452
18,619	18,619	192,452
18,619	18,619	192,452
1,918,014	1,91S,014	1,725,562
1,936,633	1,936,633	1,918,014

and the Ch	arities A	ct 2011.
Change in	basis of	accounting orto previous accounts
There has	been no	change to the accounting policies (valuation rules and method ofaccounting)			since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds		These are avagable for use atthe discretion ofthe trustees in furtherance			ofthe
		general objects ofthe charity.
Designated	funds	These are unrestricted funds earmarked by the trustees	for particular purposes.
Revaluation	funds	These are unrestricted funds which include a revaluation	reserve representing
		the restatement ofinvestment assets at their market values.
Restricted	funds	These are available for use subject to restrictions imposed by the donor		or
		through terms ofan appeal.
Income
Recognition of		Income is included in the Statement ofFinancial Activities (SoFA) when the
income		charity becomes entitled to, and virtually certain to receive, the income		and		the
		amount ofthe income can be measured with suffldent	reliabgity.
Income with related		Where income has related expenditure the income and	related expenditure			is
expenditure		reported gross In the SoFA.
Donations	and	Voluntary income received by way ofgrants, donations	and gifts IsInduded			in
legacies		the the SoFAwhen receivable and only when the Charity, has uucondhlonal
		entitlement to the income.
Tax reclaims on		Income from tex reclaims Is included in the SoFA at the	same time astjie
donations	and gifts	gift/donation to which itrelates.
Donated services		These are only included in income (with an equivalent amount in expenditure)
and facilities		where the benelit to the Charity is reasonably quantifiable, measurable		and
		material.
Volunteer	help	The value ofany volunteer help received is not induded	in the accounts.
kwestment	income	This is Included Inthe accounts when receivable.
Gains/(losses) on		This Includes any gain or loss resulting from revaluing investments to market
revaluation	ofAxed	value atthe end ofthe year.
assets
Gains/(losses) on		This Includes any gain or loss on the sale ofinvestments.
investment	assets

Income from	don	at	ions and legades
				Unrestricted	Total	Total
					2022	2021
				f	f	6
General donations				38,248	38,248	22,725
				38,248	38,248	22,725
Income from	investments
				Unrestricted	Total	Total
						2021
Rental Income				131,721	131,721	104,000
Loan interest	received					2,29$
				131,721	131,721	106,298
Expenditure	on raising funds
				Unrestricted	Total	Total
					2022	2021
					E	6
Costs ofgeneitrtlng			volunmry
income
Donations made overseas				126,500	126,SOO	107,000
Donations made		UK		12,390	12,390	3,526
				138,$90	138,890	110,526

5	Other expenditure
				Unrestncted	Total	Total
					2022	2021
				6		6
	Sundry Expenses			138	138
	Premises costs			8,929	8,929	8468
	Amortisatlon, deprecindon,
	impairment, profit/loss	on		$7	87	102
	disposal ofgxed assets
	General administrative	costs		566	566	501
	Legal and professional	costs		2,740	2,740	4,418
				12,460	12,460	13,5$9
6	Nat income before transFers
				2022		2021
	This ls stated aFter charging:			E
	Depreciation ofowned	fixed assets		87		102
7	Staffcosts
	No employee received	emoluments	in excess of660,000.
8	Tangible fixed assets
				Fixtures 8
						Total
				Fittings
					6	6
	Cost or revaluation
	At 1March 2021				$00	$00
	At 28 February 2022				800	800
	Oepreciation and
	impairment
	At1March 2021				222	222
	Depreciation charge for the				87	87
	year
	At 28February 2022				309	309
	Net book values
	At 28 February 2022				491	491
	At 28 February 2021				57$	57&

9	Investments
			Freehold
			Investment
			Property	Total
			f	f
	Cost or revalue&on
	At 1March 2021		2,460,097	2,460,097
	At 28 February 2022		2,460,097	?„460,097
	Net book values
	At 2$ February 2022		24N.097	2400097
	At 2$ February 2021		2,400.007	2480.N7
10	Debtors
			2022	2021
			f	f
	Trade debtors		17,839	17,839
	Other debtors		42,800	47,500
			00,630	60.339
11	Creditors:
	amounts falling due within	one year
			2022	2021
	Trade creditors		3,325	3,325
	Loans from trustees		746,949	996,949
	Accruals		2,2$0	1,140
	Deferred Income		430,000	180,000
			11&2554	1,181.414
12	Deferred income
	Movement ofthe deferred	income shown	in Creditors: amounts foging due within one year
			2022	2021
				f
	At1March		180,000	1&0,000
	Deferred in current year		250,000
	At 28 February		430,000	180.0N

				Unrestricted
				funds	Total funds	Total funds
				2022	2022	2021
				E	6	6
Income and endowments			from:
Donations and legades
General donations				38,248	38,248	22,725
				3S,248	38,248	22,725
Investments
Rental Income				131,721	131,721	104,000
Loan interest received						2,298
				131,721	131,721	106,298
Total income and endowments				169,969	169,969	1?9,023
Expenditure on:
Costs ofgeneraung	donations and
legacies
General donations				138,890	138,890	110,526
				138,890	138,890	110,526
Total ofexpenditure	on	raising		138,890	138,890	110,526
funds
Other expenditure
Sundry Expenses				138	138
				13S	138
Premises costs
Rates				1,828	1,828	6,247
Premises insurances				7,101	7,101	2,321
				8,929	8,929	8,568
General administrative		costs,
including depreciation		and
amortisation
Depreciation ofFixtures			6
Fittings
Depreciation of				87	87	102
Sank charges				566	566	501
				653	653	603
Legal and professional		costs
Accountancy and	bookkeeping			1,140	1,140	1,140
Solicitor's fees				1,600	1,600	3,278
				2,740	2,740	4,416
Total ofexpenditure	of	other costs		12,460	12,460	23.589
Total expenditure				151,350	151,350	124,115
Net gains on investments						187,544

Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Recondliation offundsi
Total funds brought forward
Total funds carried forward

18,619	18,619	192,452
18,619	18,619	192,452
18,619	18,619	192,452
1,918,014	1,918,014	2,725,562
1,936,633	1,936,633	1,918,014