| Page | ||
|---|---|---|
| Trustees' Annual Report | ||
| Independent Examiner's |
Report to the Trustees | |
| Statement ofFinancial | Activities | |
| Statement ofFinancial | Position | 10 |
| Statement ofCash Flows | ||
| Notes to the Financial | Statements | 12 |
| Reference and Adm | Reference and Adm | inistrative D |
etails |
|---|---|---|---|
| Registered charity | name | Munshi Trust UK |
|
| Charity registration | number | 1093706 | |
| Principal office | Unity House | ||
| Fletcher Street | |||
| Bolton | |||
| Lancashire | |||
| BL36NE | |||
| The Trustees | |||
| Mr Mushtaq Munshi |
|||
| Mr Dilaver Valli | |||
| Mr Ebrahim Kassim Bassa | |||
| Mr Ibrahim Khansaheb | |||
| Mr Salim Ibrahiiu Patel | |||
| Mr Haroon Rashid Yakub Patel | |||
| Mr Munavvar IVIunshi |
|||
| Ms Razia Munshi | |||
| Independent | Examiner | MARK ILLINGSWORTH | |
| The Old Mill, | |||
| 9Soar Lane | |||
| Leicester | |||
| LE3 SDE |
| 2021 | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| funds | Total funds | Total funds | |||||
| Note | |||||||
| Income and endowments | |||||||
| Donations and legacies |
636,327 | 636)327 | 285,462 | ||||
| Investment income |
1,235 | 1,235 | 1,554 | ||||
| Total income | 637,562 | 637,562 | 287,016 | ||||
| Expenditure | |||||||
| Expenditure on charitable |
activities | 6,7 | 321,476 | 321,476 | 282, 164 | ||
| Total expenditure | 321,476 | 321,476 | 282,164 | ||||
| Net income and net | movement | in funds | 316,086 | 316,086 | 4,852 | ||
| Reconciliation offunds |
|||||||
| Total funds brought | forward | 662,845 | 662,845 | 657,993 | |||
| Total funds carried | forward | 978,931 | 978,931 | 662,845 |
| 31Mar | ch 2021 | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Current Assets Cash at bank and in hand |
979,723 | 663,565 | ||
| Creditors: amounts falgng due vvitbin one year | 11 | 792 | 720 | |
| Net Current Assets | 978,931 | 662,845 | ||
| Total Assets X,ess Current Liabilities | 978,931 | 662g45 | ||
| Net Assets | 978,931 | 662,845 | ||
| Funds ofthe Charity ihuestricted funds |
978,931 | 662„845 | ||
| Total charity funds | 978831 | 662,845 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Cash Flows from Operating | Activities | |||
| Net income | 316,086 | 4,852 | ||
| Adjustments for: | ||||
| Other interest receivable and | similar incotne | (1,235) | (1,554) | |
| Interest payable | and similar charges | 392 | 287 | |
| Accrued expenses | 72 | 60 | ||
| Cash generated | I'rom operations | 315,315 | 3,645 | |
| Interest paid | (392) | (287) | ||
| Interest received | 1,235 | 1,554 | ||
| Net cash Irom operating activities |
316,158 | 4,912 | ||
| Net Increase in | Cash and Cash Equivalents | 316,158 | 4,912 | |
| Cash and Cash | Equivalents | at Beginning ofYear | 663,565 | 658,653 |
| Cash and Cash | Equivalents | at End ofYear | 979,723 | 663,565 |
| Donations and Legacies |
||||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| 8 | ||||
| Donations | ||||
| Donations | 636,327 | 636,327 | 285,462 | 285,462 |
| Investment I |
ncome | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| 8 | g | 8 | ||||
| Bank interest | receivable | 369 | 369 | 1,554 | 1,554 | |
| Exchange rate | gain | 866 | 866 | |||
| 1,235 | 1,235 | 1,554 | 1,554 | |||
| Expenditure | on Charitable | Activities | by Fund Type | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| 6 | ||||||
| Direct charitable activities | 320,092 | 320,092 | 280,847 | 280,847 | ||
| Support costs | 1,384 | 1,384 | 1,317 | 1,317 | ||
| 321,476 | 321,476 | 282,164 | 282,164 |
| Activities | Activities | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||||||||||
| directly | Support costs | 2021 | 2020 | |||||||||
| 6 | ||||||||||||
| Direct charitable | activities | 320,092 | 992 | 321,084 | 281,877 | |||||||
| Governance | costs | 392 | 392 | 287 | ||||||||
| 320,092 | 1,384 | 321,476 | 282,164 | |||||||||
| Analysis of | Support Costs | |||||||||||
| Independent | ||||||||||||
| Bank | charges | exaininers | fees | Stationery | Total 2021 | Total 2020 | ||||||
| Governance | costs | 391 | 391 | 287 | ||||||||
| Support costs | 792 | 200 | 992 | 1,030 | ||||||||
| 391 | 792 | 200 | 1,383 | 1,317 | ||||||||
| Independent | Examination | Fees | ||||||||||
| 2021 | 2020 | |||||||||||
| Fees payable | to the independent | examiner | for: | |||||||||
| Independent | examination | of | the | financial | statements | 792 | 660 |
| Unrestricted funds |
|||||||
|---|---|---|---|---|---|---|---|
| At | |||||||
| At | 31March 202 | ||||||
| I April 2020 | Income | Expenditure | 1 | ||||
| General funds | 662,845 | 637,562 | (321,476) | 978,931 | |||
| At | At | ||||||
| I April 2019 | Income | Expenditure | 31March 2020 | ||||
| General funds | 657,993 | 287,016 | (282,164) | 662,845 | |||
| 13. | Aaalysis ofNet Assets Between Funds | ||||||
| Unrestricted | Total Funds | ||||||
| Funds | 2021 | ||||||
| 6 | |||||||
| Current assets | 979,723 | 979,723 | |||||
| Creditors less than I | year | (792) | (792) | ||||
| Net assets | 978,931 | 978,931 | |||||
| Unrestricted | Total Funds | ||||||
| Funds | 2020 | ||||||
| Current assets | 663,565 | 663,565 | |||||
| Creditors less than I | year | (720) | (720) | ||||
| Net assets | 662,845 | 662,845 | |||||
| 14. | Analysis ofChanges | in Net Debt | |||||
| At | |||||||
| At I Apr 2020 | Cash flows | 31Mar 2021 | |||||
| Cash at bank and in hand | 663,565 | 316,158 | 979,723 |