2021-03-31-accounts - Shah Walayat Foundation

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Statement of Fi 31 March 2021	nancial Position
			2021	2020
		Note		E
Fixed assets
Tangible fixed assets		12	267,809	179,085
Current assets
Debtors		13	581	581
Cash at bank and in	hand		99,152	32,197
			99,733	32,778
Net current assets			99,733	32,778
Total assets less current liabilities			367,542	211,863
Creditors; amounts	falling due after more than one year	14	17,750	19,050
Net assets			349,792	192,813
Funds ofthe charity
Unrestricted funds			349,792	192,813
Total charity funds		15	349,792	192,813

value, over the useful economic	value, over the useful economic	life ofthat asset a	s follows
Plant and machinery		15%reducing	balance
Fixtures and	fittings	15%reducing	balance
Impairment	offixed assets

Expenditure	on charitable a	ctivities by activity typ	e
		Activities
		undertaken		Total funds	Total fund
		directly	Support costs	2021	2020
				F
Activity type Governance	1 costs	1,694	27,102	1,694 27,102	25,543
		1,694	27,102	28,796	25,543

7.	Analysis of	sup	port costs
				Analysis of
				support costs
				activity 1	Total 2021	Total 2020
					F
	Staff costs			5,760	5,760	5,760
	Premises			1,847	1,847	3,720
	Communications		and IT	691	691	388
	General office			340	340	600
	Finance costs					30
	Accountancy			875	875	875
	Repairs and	maintenance		5,231	5,231	895
	Depreciation			328	328	547
	I ight and heat			8,534	8,534	9,022
	Insurance			4,844	4,844	3,706
				28,450	28,450	25,543
8.	Net income
	Net income	is stated after charging/(crediting):
					2021	2020
	Depreciation	of	tangible fixed assets		328	547

					2021	2020
Fees payable	to the independent		examiner for:
Independent	examination	ofthe financial statements			875	875
Staffcosts
The total staff costs and		employee	benefits for the reporting	period are analysed as follows
					2021	2020
					F
Wages and salaries					5,760	5,760
The average	head count	ofemployees during the year was		1 (2020: 1).
No employee	received employee		benefits ofmore than f60,000 during the		year (2020: Nil).

~ no trustee expenses have Tangible fixed assets	been incurred; or
	Freehold	Plant and	Fixtures and
	property	machinery	fittings	Total
Cost
At 1 April 2020	176,898	140,038	18,132	335,068
Additions	89,052			89,052
At 31 March 2021	265,950	140,038	18,132	424,120
Depreciation
At 1 April 2020		140,038	15,945	155,983
Charge for the year			328	328
At 31 March 2021		140,038	16,273	156,311
Carrying amount
At 31 March 2021	265,950		1,859	267,809
At 31 March 2020	176,898		2,187	179,085
Debtors
			2021	2020
			f
Other debtors			581	581

13.	Debtors (continued)	Debtors (continued)
	The debtors above include the following		amounts	falling due after more than one year:
				2021	2020
				581	581
14.	Creditors: amounts	falling due after	more than	one year
				2021	2020
				f	f.
	Accruals and deferred	income		1,750	3,050
	Other creditors			16,000	16,000
				17,750	19,050

						At
		At			31	INarch 202
		1 April 2020	Income	Expenditure		1
		F
General funds		192,813	185,775	(28,796)		349,792
						At
		At			31	March 202
		1 April 2019	Income	Expenditure		0
				F
General funds		126,582	91,774	(25,543)		192,813
Analysis ofnet assets between funds
				Unrestricted	Total Funds
				Funds		2021 f
Tangible fixed assets Current assets				267,809 99,733		267,809 99,733
Creditors less than	1 year			(17,750)		(17,750)
Net assets				349,792		349,792
				Unrestricted	Total Funds
				Funds		2020
Tangible fixed assets Current assets				179,085 32,778		179,085 32,778
Creditors less than	1 year			(19,050)		(19,050)
Net assets				192,813		192,813