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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|
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|||||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|
|glU29KIIIkrr20'||||||||
|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|
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||||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|
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||||||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|
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|Donations|||||
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||funds|funds|
||||general|general|
||||2020|2019|
||||E|E|
|Donations|and|gifts|624,513|1,076,219|
|Other|||58,067|42,031|
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|general|general|
|2020|2019|
|E|E|
|18,000|18,000|
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|general|general|
|2020|2019|
|E|E|
|67|146|
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||||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|
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|9|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|
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|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|
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|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|
##
##
|24|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)|