2020-12-31-accounts - Afghan Ekta Cultural/religious Community Centre

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		Page
Trustees report		1-5
Independent auditor's	report	6-9
Statement offinancial	activities	to
Balance sheet
Statement ofcash flows		12
Notes to the financial	statements	13-23

				Unrestricted	Endowment	Total	Unrestricted
				funds	funds		funds
				2020	2020	2020	2019
			Notes	6	F	6	6
Income
Donations			3	682,580		682,580	1,118,250
Qitaritabia. ~yjtitt8 Other trading activities				18,000		18,000	18,000
Investments				67		67	146
Other income					24,545	24,545
Total income and		endowments		700,647	24,545	725,192	1,136,396
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Raising funds			7	77,423		77,423	146,467
Charitable activities			8	672,788		672,788	781,681
Total resources	expended			750,211		750,211	928,148
Net gains/(losses)		on investments	12	30,637		30,637	31,051
Net movement	in	funds		(18,927)	24,545	5,618	239,299
Fund balances at 1 January 2020				9,348,188		9,348,188	9,108,889
Fund balances	at	31 December 2020		9,329,261	24,545	9,353,806	9,348,188

			2020	2019
		Notes	6	6
Fixed assets
Tangible assets		13	11,760,376	12,012,098
Current assets
Stocks		14	9,201	16,738
Debtors		15	11,900	49,091
Investments		16	58,433	414,839
Cash at bank and in	hand		553,970	503,320
			633,504	983,988
Creditors: amounts	falling due within
one year		18	(287,822)	(440,904)
Net current assets			345,682	543,084
Total assets less current liabilities			12,106,058	12,555,182
Creditors: amounts	falling due after
more than one year		19	(2,752,252)	(3,206,994)
Net assets			9,353,806	9,348,188
Capital funds
Endowment funds			24,545
Income funds
Unrestricted funds -	general		9,329,261	9,348,188
			9,353,806	9,348,188

					2020		2019
				Notes	6		f
Cash flows from operating activities
Cash generated from operations				23		121,672		500,966
investing	activities
Purchase	of tangible fixed assets				(1,630)		(244,782)
Proceeds	on disposal of investments				368,274		(73,082)
Investment	income received				67		146
Net cash investing	generated from/(used activities		in)			366,711		(317,718)
Financing	activities
Repayment	of bank loans				(437,733)		45,017
Net cash financing	(used In)/generated activities	from				(437,733)		45,017
Net increase In cash and cash			equivalents			50,650		228,265
Cash and	cash equivalents at beginning			ofyear		503,320		275,055
Cash and	cash equivalents at	end of		year		553,970		503,320

Donations
			Unrestricted	Unrestricted
			funds	funds
			general	general
			2020	2019
			E	E
Donations	and	gifts	624,513	1,076,219
Other			58,067	42,031

Unrestricted	Unrestricted
funds	funds
general	general
2020	2019
E	E
18,000	18,000

Unrestricted	Unrestricted
funds	funds
general	general
2020	2019
E	E
67	146

			Endowment	Total
			funds
			2020	2019
			6	6
Coronavirus	Job Retention	Scheme Grant	14,545
Covid19 - Business support		grant	10,000
			24,545

		Unrestricted	Unrestricted
		funds	funds
		general	general
		2020f	2019 6
Food	cost	77,423	146,467
		77,423	146,467

			Charitable	Governance	Total	Total
			activities	costs	2020	2019
			2020	2020
			f	6
Charitable	activities		60,000		60,000
Donation	to charities		6,000		6,000	7,937
			66,000		66,000	7,937
Share of	support costs (see note 9)		589,550		589,550	721,527
Share of	governance	costs (see note 9)		17,238	17,238	52,217
			655,550	17,238	672,788	781,681

Support costs
	Support	Governance	2020	Support	Governance	2019
	costs	costs		costs	costs
	f	6		6	8
Staff costs	74,373		74,373	80,939		80,939
Depreciation	253,352		253,352	255,704		255,704
Rent	12,047		12,047	58,644		58,644
Rates	27,017		27,017	15,307		15,307
Insurance	24,035		24,035	23,227		23,227
Light and Heat	38,985		38,985	13,286		13,286
Cleaning and Casual	35,759		35,759	44,703		44,703
Repairs and Renewals	37,982		37,982	48,859		48,859
Motor &Travel expenses	1,815		1,815	4,290		4,290
Printing, postage and Telecom	3,419		3,419	9,683		9,683
Interest paid on Loan	76,408		76,408	123,820		123,820
Bank Charges	4,358		4,358	43,065		43,065
Audit fees		9,090	9,090		9,600	9,600
Legal and professional		8,148	8,148		42,617	42,617
	589,550	17,238	606,788	721,527	52,217	773,744
Analysed between
Charitable activities	589,550	17,238	606,788	721,527	52,217	773,744

Net gains/(	loss	es) on investments
			Unrestricted	Unrestricted
			funds	funds
			general	general
			2020	2019
			E	E
Revaluation	of	investments	18,769	31,051
Gain/(loss)	on	sale of investments	11,868
			30,637	31,051

13	Tangible fixed assets
			Land and	Plant and	Fixtures,	Total
			buildings	machinery	fittings 8,
					equipment
					E
	Cost
	At 1 January 2020		13,063,798	30,532	142,228	13,236,558
	Additions			1,630		1,630
	At 31 December 2020		13,063,798	32,162	142,228	13,238,188
	Depreciation
	At 1 January 2020		1,105,266	26,719	92,476	1,224,461
	Depreciation charged	in the year	242,313	1,088	9,950	253,351
	At 31 December 2020		1,347,579	27,807	102,426	1,477,812
	Carrying amount At 31 December 2020		11,716,219	4,355	39,802	11,760,376
	At 31 December 2019		11,958,532	3,813	49,753	12,012,098
14	Stocks
					2020	2019
					E	E
	Finished goods and goods for resale				9,201	16,738

15	Debtors
					2020	2019
	Amounts	falling due within one year:			E	E
	Other debtors				5,400	42,591
	Prepayments		and accrued income		6,500	6,500
					11,900	49,091
16	Current	asset	investments
					2020	2019
					E	E
	Donated	gold			58,433	414,839
17	Loans and overdrafts
					2020	2019
					E	E
	Bankloans				2,896,226	3,333,959
	Payable	within	one year		143,974	126,965
	Payable	after one year			2,752,252	3,206,994
	Amounts	included above which		fall due after five years:
	Payable	by instalments			2,320,329	2,826,099

Creditors: amounts falling due within	one year
		2020	2019
	Notes	E	E
Bank loans	17	143,974	126,965
Other creditors		133,360	228,555
Accruals		10,488	85,384
		287,822	440,904

19	Creditors: amounts falling due	Creditors: amounts falling due	Creditors: amounts falling due	after more than one	after more than one	after more than one	year
										Notes				2020 6			2019f
	Bank loans										17		2,752,252			3,206,994
20	Analysis of net assets between			funds
						Unrestricted					Endowment			Total		Unrestricted
								funds					funds				funds
									2020				2020	2020			2019
										8			6		f		F
	Fund balances at 31 December		2020 are
	represented by:
	Tangible assets						11,760,376						11,760,376			12,012,098
	Current assets/(liabilities)						345,682							345,682			543,084
	Long term liabilities						(2,752,252)							(2,752,252)		(3,206,994)
							9,353,806							9,353,806		9,348,188
21	Related party transactions
	There were no disclosable related			party	transactions	during		the year				(2019-none).		No trustee		received any
	remuneration during the year.	Other than			the trustees,		the charity			does			not consider	itself to	have any other
	key management personnel.	No expenses were reimbursed							to trustees.				No trustee	or other	person		related
	to the charity had any interest		in	any contract or transaction					entered			into by the charity during				the	year or
	the preceding year.
22	Taxation
	Afghan Ekta Cultural/Religious		Community Centre			is	exempt		from		tax		on income	and gains to the extent
	that these are applied to its charitable objectives.
23	Cash generated from operations													2020			2019
														F			F
	Surplus for the year													5,618			239,299
	Adjustments for:
	Investment income recognised		in	statement offinancial			activities							(67)			(146)
	Foreign exchange differences													18,769			31,051
	Gain on disposal of investments													(11,868)
	Fair value gains and losses on		investments											(18,769)			(31,051)
	Depreciation and impairment	oftangible			fixed assets									253,352			255,704
	Movements in working capital:
	Decrease in stocks													7,537			262
	Decrease/(increase) in debtors													37,191			(49,091)
	(Decrease)/increase in creditors												(170,091)				54,938
	Cash generated from operations													121,672			500,966

Analysis	ofchanges in net (debt)/funds
		At 1 January	Cash flows	At 31 December
		2020		2020
		f	f	6
Cash at	bank and in hand	503,320	50,650	553,970
Loans falling due within one year		(126,965)	(17,009)	(143,974)
Loans falling due after more than one year		(3,206,994)	454,742	(2,752,252)
		(2,830,639)	488,383	(2,342,256)