Company registration number.. 0426994i
Charity registration number.. 1095i79
First Asian Support Trust (FAST) Ltd
(A company limiied by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2021
IIINIIIIIII
*A87SHSQR•
0810712022
COMPANIES HOUSE
Al
*136

First Asian Support Trust (FAST) Ltd
Contents
Refer¢n¢e and Administrative Detsils
Trustees. Rep)rt
2to3
Sratemeni of Tnjsiees. Responsibiliiies
Sratemeni of Financial Activities
Sto6
Balance Sheet
Notes to the Financial Statements
8t018

First Asian Support Trust (FAST) Ltd
Referenee and Administrative Details
Trusttes
Wasaq Sheikh
Nusrnt Parvin Ahmad
Naheed Ali
Secretary
Nusrnt Parvin Ahmad
Charity Registration Number
1095J79
Company RegistratioTh Nurnber
04269943
The chariry is inco￿Orated in England and Wales.
Mac House
4749 Carnarvon Street
Manchester
Greater Manchester
M3 IEZ
Registered Office
Printipal Offite
Mac House
4749 Carnarvon Stre
Manchester
Greater ManChe￿¢r
M3 IEZ
Ateountants
Shacter Cohen & Bor LLP
31 Sackvile Street
Manchester
MI 3LZ
Bankers
Royal Bank of Scotland
Drnmmond Ho
l RedheutsJs Avenue
EdinburJts h
EH12 9JN
Page I

First Asian Support Trust (FAST) Ltd
Trustees, Report
The rrustees. who are direcwrs for the PUTwises of company law, pre%nt the annual report t()gether with the
financial siaiements of the charitsble company for the year ended 31 March 2021.
Objeetives"and aetivities
Public benefil
New Cuffent Objects..
To fi￿her or benefit the residents of Manchesier and the neighbourhood, withoui distinction of sex, sexual
orientation, race or of political, religious or other opinions by associating cooeiher the said Tesidents and ihe
local auihorilies, voluntary and other organisaiions in a common effort to advance education and io PTovide
facilities in the interests of social welfare for recreaiion and kisure rime occupation with ihe objective of
improving the conditions of life for the residents. Including by=
a. adyancing educaiion by the provision of such rraining facilities as will enable such persons io acquire and
develop skills which wll enhance rheir dioiial. financial and social inclusion..
relieving unemployment for the benefit of the public in such ways as may be thought fil including assistance
to find emplo￿7nent-
. advancing social ￿lIk1ng for ihe public b¢nefii by providing information, advice and guidance relating to
employmen¢ trdining. health, social welfare, benefits and associated topics-
d. promoting equality and diversity for th¢ public knefit by prtsm(Aints activilies to fosier understsnding
between peopl¢ foThn diver5¢ back￿OUnds-
e. prtsrnotinty s(>cial inclusion for the public benefit by prtventino people from becomints socially excluded.
relievints ihe needs of ihose people who are socially excluded and assistino them io iniewie inro society.
For the purpose of this clause 'so¢ially excluded, means beino excluded from society, or pa￿ of society, as a
result of one of more of the followints faciots.- unemployment. financial hardship., youth or old aoe,. ill health
(physical or menial). substance abuse or dependency including alcohol and drU￿- discrimination on the grounds
of sex. race. disability. ethnic origin. ielitsion. belief. creed. sexual orienraiion or gender re-asS1￿Men[,. poor
educational or skills atrainmeTrt.' relationship and family breakdown- p)or housing {Ihat 15 housing ihat does not
meet basic habirable standards- crirne (either as a victim of crime or as an off¢nder rehabilitating inio society)..
The trn5t¢e5 confinn that they have cornplied with the requiretnents of section 17 of the Charities Act 2011 to
have due regard to Ihe public benelit guidance published by the Charity CoTllrniSSiOn for Enoland and Wales.
Structure. governance and management
Financial instruments
Objeciives tsndpolicies
The charity's activities expose it to a number of financial risks including credit risK cash flow risk and liquidity
risk. The use of financial derivaiives is (Toverned by ihe charity's policies approved by the board of trustees.
which provide written principles on the use of financial deriv*ives (o manage (hese risks. The charity does not
use derivative financial instruments for speculaiive purpose5.
Cashjlow risk
The charity's acriviiie5 expose it prirnarily to the financial risks of changes in foreign currency exchange rates
and interest rates. The charity use5 fI)re1￿ exchange fonvard contracts and interesl rate Swap contra¢ts to h¢dg¢
these exposures.
Interesi bearing assets and liabilitie5 are held at fixed rate to ensure certainty of ¢a5h flow5.
Page 2

Firsl Asian Support Trust (FAST) Ltd
T￿st¢¢$'. Report
Credil risk
The charity's principal financial assets are bank balanc¢s and ￿h. trade and other receivables, and inVEStments.
The charity's credit risk is primarily attribuiable to its trade receivables. The amounts presented in the balance
sheet ale nei of allowances for doubifijl receivables. An allowance for impairnient is rnade wheTe there is an
identified loss eveni which, based on previous experience. is evidence of a Teducrion in the recoverability of the
cash f]ows.
The credit risk on liquid fi]nds and derivative financial instruments is limiied because the counterparties are
banks with high credit-ratings a55igned by intcrnaiional credit-rating aoencies.
The charity has no sigrhificant concentration of credit rtsl with exposure spread over a large number of
ounterparties and customers.
Liquidity risk
In order to maintain liquidity io ensure thai sulTicient fijnds are available for ongoing operaiions and ￿t￿re
developments, the charity uses a mixture of lono_iem) and short_terni debt finance.
Further dethils regarding liquidity risk can be found in the Staremen¢ of a￿O￿lting policies in the financial
statements.
The annual report was approved by the tr1￿ceS of the charity on 16 May 2022 and SI￿¢d on ir5 behalf by:
Nusrai Patvin Ahmad
Company Secreiary and Trusitt

First Asian Support Trust (FAST) Ltd
Statement of Trustees. RespoD5ibilities
The trusrees (who are also ihe direciors of First Asian Support Trusi (FAST) Ltd for the pU￿oSeS of company
law) are resp)nsible for preparing ihe trustees. report and the financial statements in accordanee with the United
Kingdom Accounting Sthndards (United Kingdom Generally A¢¢epted A¢¢ollnting Prncti¢e) and applicable law
and regulations.
Cornpany law requires the trustees to prepare financial $￿tementS for each financial year. Under company law
the trusiee5 must not approve ihe financial Maiements unless they are 5ali5fied Ihat they give a tnje and fair view
of the state of affairs of the charithble company and of its incoming resources and application of resource
including its income and expenditure, for th￿ period. In preparing these financial sratements. the rrusitts are
required to..
select suitsble accountino policies aThJ apply them con5iStenity'
observe the rnethods #nd principles in the Charities SORP.
make judgements ond estiTnat¢s #re reasonable and prudeni..
state wheiher applicable UK Accountino s￿ndards have been followed, subject to any ma¢erial departures
disclosed and explained in the financial sraiements. and
prepare the fiDan¢ial sralemenrs on the going concern basis unless Lt is inappropriate w presume thai the
harilable company will conrinue in busines5_
The trustees are responsible for keeping adeqU￿e accounting records th￿ are sulTicieni to show and explain the
charithle company's iransactions and disclose with reasonable accuTacy * any lime the financial ph)sirion of the
charithble company and enable rhem to ensure (h￿ the financial sthremenrs comply with ihe Companies Act
2006. They are also responsible for safeouarding the assers of the ¢harirable company and hence for taking
reasonable steps for rhe prevention and dei¢ciion of fraud and other I￿egUlarl11e5.
Approved by the tsustees of the charity on 16 May 2022 and signed on its behalf by..
Nusrai Parvin Ahmad
Company Secretary at)d Trvstee
Page 4

First Asian Support Trust (FAST) Ltd
Statement of Financial Aetivities for the Year Ended 31 March 2021
ncluding Income and Expenditure A¢¢ount and Stalemen¢ of Total Recognised Gains
and Losses)
UnrestTieted
fund5
Restricted
funds
Total
2021
Note
Jneome and Ertdowments from:
Donation5 and legacies
Charitable acrivities
hei trading activities
Other in¢omt
46
46
25.557
16.600
2,520
25,557
16,600
2.520
Total income
19,166
25.557
44.723
Expendilure on:
chan￿ble activities
(48.961)
(48,961)
Total expenditure
(48.961)
48,961
Net lexpenditureyincorne
(29.795)
25.557
(4.238
Net movement in funds
(29,795)
25,557
(4.238)
Recon¢ilia¢ion of funds
Tothl funds broughi fon¥ard
31,429
(18,674)
12,755
Totsl funds Carried fon¥ard
16
8,517
Tots11
2020
Unrestricled
funds
Restrieted
funds
Note
IneoThe and Endowments Irom:
Donations and leg￿1¢5
Charitable actjVLtie5
Orher ttading activities
Other income
107
4.998
22,375
5,425
107
14,968
22.375
5,425
9.970
Total income
i2.905
9,970
42,875
Expenditure on:
Raisints fvnds
(150)
(29,800)
(150)
{29,800)
(9.970)
Charitable a¢tivities
Other expend)￿Te
(9,970)
Total expenditure
{29,950)
(9,970)
{39.920
Net income
2,955
2,955
Net movemenr in funds
2,955
2,955
R¢conciliation of fund5
Total fLLnds brought foTWJTd
Total funds carried forward
28,474
(18,674)
9.800
16
31.429
18.674
12,755
The notes on pages 8 to 18 form an integral part of these financial staternenls.
Page 5

First Asian Support Trust IFAST) Ltd
Statement of Financial Aetivities for the Year Ended 31 March 2021
ncluding Income and E.xpenditure A¢¢ount and Statement of Total Reeogttised Gains
and Losses)
All of the charity'5 activities derive froTn continuino operations during the above No periods.
The funds breakdoN*n for 2020 is shown in n￿e 16.
The no￿ on pages 8 to 18 form an integral part of these financial statement5.

First Asian Support Trnst (FAST) Ltd
(Registration number: 04269943)
Balance Sheel as at 31 March 2021
2021
2020
Not¢
Fixed a$5ets
Tangible assets
16.958
21.198
Current assets
Clsh ai bank and in hand
14
8.045
7,749
Credttor5." Amounts falling due within one year
15
16.486
(16,192
Net curren¢ liabilities
(8.441)
(8.443)
Net as5¢15
8.517
12.755
Funds of the charity:
Restritted incorne funds
Re5tri¢ted funds
6,883
(18,674)
Unreslri¢¢ed incom¢ funds
Unrestricted funds
1.634
31,429
Total funds
16
8.517
12,755
For the financial year ending 31 March 2021 the charity was entitled to exemption from audit Under 5eclion 477
of the Companies Act 2006 relatino io small companies.
Directors. responsibilities..
The members have Ttot required the charity to obtsin an audii of irs accounts for the year in question in
cordance with se¢iion 476. and
The directors acknowledge iheir responsibilities for complying with the requirements of the Act with respect
io accounting records and the preparation of aryounts.
The ftnancial statements on patres 5 10 18 were approved by the mistees, and authorised for issue on 16 May
2022 and $i￿ed on their behalf by".
Nusrat Parvin Ahrnad
Cornpany Secretary and Trustee
The notes on pages 8 to 18 fijrni an init￿1 part of these financial ststemenrs.
Page 7

First Asian Support Trust (FAST) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
I Charity status
The charity is limited by
tsuarantee, incorporated in Enoland and Wales. and consequently does not have share
capitsl. Each of the trusiees is liable io conthbu(e an arnounr not exceeding £Nil towards the &ssets of the charity
in the event of liquidation.
The address of its registered office is..
Mac House
4749 Camarvon Streei
Manchester
Greater Manchesier
M3 IEZ
These financial siarements were authorised for issue by the trustees on 16 May 2022.
2 Accounting policie5
Summary of significant accounting policies and key accounting estimates
The principal accounring policies applied irt the preparation of these financial Maiements are set out below.
Th¢s¢ poli¢ies have been consisienily applied to all the years presented, unless otheti¥ise 5ts1ed.
Staiement of complianee
The financial statemenis have been prepared in accordance with Accounting and Reponing by Charities..
Statemeni of Recommended Practice (applicable to charitie5 preparing their accounts in accordance wilh the
Financial Reportin(p Standard applicable in the UK and Republic of Ireland (FRS 102}) {issued in October 2019)
{Charities SORP (FRS 102)), the Financial Reporting Standard applhtable in the UK and Republic of Ireland
(FRS 102) and the Companies Act 2006.
Basis of preparatio
First Asian Support Trust (FAST) Ltd rneets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recoJts ised at historical Cost or Iransaction value unless otherwise staled in the rel¢vant
accouniino policy notes.
Going <oncern
The trusiees consider ihai ihere are no material uncertaTniies aboui the charitys ability to continue as a going
concern nor any si.onificant areas of uncertainty that affect the caTryincw value of assets held by the charity-
Exemption from preparing a cash flow statement
The charity opted io early adopt Bulletin I published on 2 February 2016 Ind httve therefore not included a cash
tlow statemertt in these fillancial MateTnents.
Income and endowments
All income is recoonised once the charity has entitlement io the incom¢, it is probabl¢ that th¢ income will be
Tereived and lh¢ amount of th¢ income receivable can Ix mthsured r¢liably.
Page 8

First Asian Support Trust (FAST) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
Donations are recognised when the charity has been notified in WTiting of tr*)th the amunt and selllemeni d￿t.
In the event ihar a donation 15 subject to conditions thai require a level of ￿rf0MIan¢e by the charity before rhe
charity is entirled ro the fijnds, the income is def¢￿ed and not recognised until either those conditions are fully
meu or the fulfilrneni of rhose condition5 is wholly within the control of the charity and it is probable that these
conditions will ￿ Sjlfilled in the reporting wiod.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation lo that expendiwre, it 15 probable
settlement is required and the amount ean be measured reliably. All costs are allocared ro the applicable
expenditure heading that egate similar costs to ihar category. Where costs cannot be directly arribuied to
particular headings they have been allocared on a basis consistent with the use of resource5. Wlth central staff
costs allocated on the basis of titne spent, and depreciaiion charges allocated on the portion of the asset's use.
Other support costs are allocated based on ihe spread of siaff costs_
Raisingfun
These are costs incurred in attrdcting voluntary income. the management of investh)ents and those incuTTed in
tr4ding activities that raise fiLnd5.
Chtsriitsble dciiviiies
Chariiable expenditure comprise5 th1)5¢ ￿sts i￿Vrred by the charity in the delivery of its activities and services
for its beneficiaries. It includes both co5￿ that ¢an be allocated direcily io such activities and those costs of an
indireci nature necessary to support them.
Support costs
Support C95ts include centrdl functions and have been allocated io activity cosi categories on a basis consistenl
with the use of rt50urces, for example, allocatinc•
property costs by floor areas. or per capita, staff c051s by rhe
time spent and other cosis ty iheir usage.
Governance costs
These include the costs attributable to the charity's compliance wtth constitirtional and Statutory requirements,
including audil. Strategic management and tsw5tees's mttlings and reirnbur5ed expeDse5.
Taiatton
The charity 15 considered io pass ihe tests srf in Pardgrdph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable company for UK corporacion tax PUTposes. Accordinèqly, the
charity is poteniially exempt from I￿allOn in respect of income or capi￿) gain5 T¢c¢ived within ¢al¢gories
covered by Chapter ? Pan I l of the Coq)OTation Aci 2010 or Seciion 256 of ihe T&xaEion of Chargeable
Gains Act 1992, to the extent ihai such income or gains are applied exclusively io charirable purposes.
Tangible fixed assets
Individual fixed assets ¢OSiing £10.￿ or more are initially recorded * cosi less any subsequent accumulated
depreciation and subsequent accumulated impairment losses.
Depreciation and arnortisation
Depre¢iatÈon is provided on tangible fixed assets so as to write off the cosl or valuation, le55 any estimated
residual value, over their expecred tssefijl economic lifr as follows-.
Page 9

First Asiao Support Trusl (FAST) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
A￿et class
Furniture and equipment
Depreciation method and Tate
20% Reducing balance basis
Trade debtors
Trade debtors are amounts due from customers ftir merchandise sold or services perfomed in the ordinary
course of business.
Trade de￿or9 are recogniscd initially ai ihe transaction price. They are subsequently measured ar amortised cost
using the effective interest method, less provision for impaim)eni. A provision for ihe impaim)ent of trade
debtors is estsblL5hed when there 15 objective evidence that the chaiity will not be able to collect all amounts due
according to the original tenns of the receivables.
Cash and cash equivglents
Cash and cash equivalents comprise cash on hand and call deTM)sits, and other shorr-teTm hitsJly liquid
invesmjents that are readily convertible to a known arnount of cash and are subject io an insiylificant risk of
change in value.
Trade crediiors
Trade creditOTS are oblitrations io pay for gr￿$ or smiices that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the charity does noi have an
unconditional riJo t, at rhe end of the reporting period. io defer seulement of the creditor for ai least twelve
months after the reporting date. If there is an unconditional right to defer Se￿]ement for ai least twelve months
after the reporting dale, they are presentrd as non-curreni liabilitie5.
Trade creditors are recognised initially at the transaction price aTKI 5ub5¢quently measured ￿ aTNTrni5ed cost
Using the effective interest meih¢)d.
Borrowings
Interest-bearing borrowings are iniiially recorded at fair value. net of transaction costs. Interest-bearing
borrowing5 are Subsequently carried at arnorti5ed cosL with the difference between the proceed5, net of
transaction costs. and ihe amount due on redernption being reCo￿lSed a5 a charge to the Statement of Financial
Activities over ihe period of the r¢levant borrowing.
Interest expense 15 recogni5ed on the b&515 of the effective interest method and is included in interest payable
and Similar ¢harges.
Borrowings are classified as current liabilities unle$5 the charity has an unconditional right to defer settlement of
the liability for at least twelve months after the reporting date.
Fund $tructurt
Unrestricted income funds are genernl funds that are available for use at the trustee5 discretion in furtherance of
Ihe objectives of the charity.
Restricted income fvnds are those donated for use in a particular area or for specifi¢ purpose5, the use of which
is restricted to that area or purpose.

First Asian Support Trust (FAST) Ltd
Notes to the Financial StYdtemeDts for the Year Ended 31 Mareh 2021
Financial instruments
C14S5ifi¢olio
Financial assets and financial liabilities are re¢ognised when the charity be¢ome$ a party io the contracDJal
provisions of the insmimenr.
Financial liabilities and equity insmjrnents are classified according w the sub5tsn¢e of the contrdctual
arrangements eniered into. An equity instrument is any contraa that evidences a residual interest in the asset5 of
the charity after deductino all of its liabiliiies.
Recogniiion andmea511reineni
All financial assets and liabilities are initially measured at transaction price (IDcluding trdnsaction cost5), exceN
for those financial assets classified as ai fair value through profjt or loss, which are initially measured at fair
value (which is nornally the trnnsaction price excluding transaction cost5), unless the arrangement tonstilutes a
financing transaction. If an arrdngement constitutes a financing transaction, the financial asset or financial
liability 15 measured at the present value of the firture payments discounted at a markei rate of interest for a
Similar debt instrument.
Financial a5set% and liabilities are only offset in the statement of financial p)silion when. and only when ihere
exists a legally enforceable riJo i to set off ihe recognised amounts and ihe charity intends either to settle on a
nei basis, or io realise the asset and settle ihe liability simulraneousty.
Financial assers are dere¢o￿Lsed when and only when a) the contracts￿1 rights to th¢ ¢&sh flow5 frotn the
financial asset expire or are settled. b) the ¢harity mfrr5 to another paty substantially all of the risks and
ward5 of ownership of the financial assei or C) the charity, despite havino retained some. bur not all.
significant risks and rewards of ownership, has transferred control of the asset io anoiher pary.
Financial liabilities are derecO￿lSed only when the obliJo tion specified in the contract is discharge￿ cancelled
or expires.
Page 11

Firsl Asian Support Trusl (FAST) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
ins(rum¢nts
Debt instruments which meet the following conditions are subseqlhenity measured at amortised cost Using Èhe
effective intere￿ method..
{a) The cOntractt￿l return to the holder is (i) a fixed amount- (li) a positive fixed rare or a posiiive variable rate-
or {iii) a combination of a positive or a negative fixed rate and a positive variable raie.
(b) The contract may provide for repayThents of the principal or the return to the holder (but not both) to be
linked to a single relevant observable index of general price inflation of the currency in which the debi
instrumenr is denominated. provided such link5 are not leveraged.
(c) The contraci may provide for a deterniinable variation of the return to the holder during the life of the
instrument. provided rhat (i) Ihe new raie satisfies condirion (a) and the variation is not conringent on furnre
events other than I l) a chanoe of a contracNal variable raie. (2) io protea the holdeT against credit deterioration
of the issuer,. (i) changes in levies applied by a central bank or arising from Changes in relevant taxation or law-
or (li) the new raie is a markei rate of inieresi and wi5fies condition la).
(d) There is no contracthal provision that Coul￿ by it5 tenn& result in the holder losing the principal amount or
any inter¢* #ttributsble io the ¢urreni period OT Prior perityts.
(e) Contraclual provisions that permit the issuer to prepay a debi instrumeni or permit the holder to put it back io
the issuer before maiurity are not conlincweni on futute events. other than to proiect the holder against the credit
deterioration of the issuer or a chaTttse in control of the issuer. or w protect the holder or issuer against chanc•es
in leYKes applied by a central bank or arising from chanoes in relevant ￿￿arIon or law.
{fj Contractual provisions may permii the extension of the terni of the debt instrumenL provided that the rettwn
io the holder and any other contracnjal provisions applicable during the exiended iern) satisfy the conditions of
paragraphs (a) to {c).
Debi instrumenis ihat are classified as payable or receivable within one year on initial recognition and which
meet the above condiiions are measured ai Ihe undiscounted amount of the ¢a5h or other consideration expected
to be paid or received, nei of impairn)eni.
With the exception of some hedging instwments, other debt instruments not rneeting these conditions are
measured at fair value through profit or1055.
Commimlents to make and receive loans which meet the condition5 m¢ntiond abov¢ ar¢ measured at ¢05t
(which may be nil) less impairnient.
Investments
Investments in non-eonvertible preference shares and non-puttable ordinary 01 preferettce shares (where shares
are publicly traded or their fair value is reliably me&%urdble) are measured tt fair Yalue through prgfit or 105$.
Where fair value cannot be measured reliably, investments are measured at cost less impainnent.
Investments in subsidiaries and ￿social£S are measured at cost less impairment. For investTnents in 5ubsidiarie5
acquired for cgnsideration including the issue of shares qualifyin
for rne￿tr relief, c05t 15 measured by
reference to the norninal value of the shares issued plu5 fair value of other consideratioTh. Any premiurn 15
ignor¢d.

First Asian Support Trust (FAST) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
Derlvarivefinuncithlinstruments
The ¢harity uses derivative financial instruments to reduce exposure to foreign exchange risk and inter￿¢ rdte
movemenls. Th¢ ¢harity does noi hold or issue derivaiive financial instmments for speculative purpose5.
Derivalive5 are initially recogni$￿ at fair value at ihe date a derivative contract is eniered into and are
subsequently rerneasured to their fair value at each reportin
date. The resultints gain or is recognised in
statement of financial activities illunedialely unles5 the derivative is deSI￿lated and effective as a hedging
instrumeni in which eveni the timing of the recognition in statement of financial activities depends on the
nattwe of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active matkei. When quoied prices
are unavailable. the price of a Tecenl rraiisaction for an identical asset provides evidence of fair value as long as
there ha5 not been a 5ignifi¢ant change in ¢conomic Circumstances or a significant lapse of time since the
transa¢tion took plate. If the market is noi active and recent transaciions of an identical assei on their own are
noi a good estimate of fair value, the fair value is estimated by using a valu*ion technique.
3 Income from donations and lega¢ies
Unrestricted
funds
GeTrer*l
Totsl
funds
Donaiions and legacies",
Donations
46
46
Total for 2021
46
46
Total for 2020
107
107
4 Intome from ch*rit*ble aetivities
Restrieted
luNds
Total
2021
Community grant
MCC
14,317
11,240
14.317
11,240
25,557
25.557
Unrestricted
lunds
her
Re5tri¢ted
fund5
Total
2020
Community Wdnt
MCC
4.998
4.998
9,970
9,970
4,998
9,970
14,968

First Asian Support Trust (FAST) Ltd
Noles to th¢ Financial Statements for the Year Ended 31 March 2021
5 lTrcome from otkner trnding activities
Unrestricted
fund5
General
Total
funds
Events in¢om¢'
Other events income
16,6
16.600
Total for 2021
16.600
16,600
Total for 2020
22.375
22,375
6 Other income
Unrtstritted
funds
Genernl
Totsl
2021
Total
2020
Rentsl income
2,520
2,520
5,425
7 Expenditure on raising funds
a) Inve$tment management tosts
Unrtstrieted
funds
General
Total
funds
Note
Tothl for 2021
Total for 20211
150
150
Patse 14

First Asian Support Trust (FAST) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
8 Expenditure chxritable attivities
Unrestricted
funds
GeNernl
Tot*1
funds
Nott
Govemance costs
10
48.961
48.961
Total lor 2020
29.800
?9.800
Tothl
expenditure
In addition to the expenditure analysed above, Ihere are also governance costs of £48.961 (2020 £29,800)
which relate directly io charitsble aciivilies. See nore 10 for fvnher details.
9 Other expendilure
Restricted
funds
Total
funds
Not¢
Total for 2021
Total for 2020
9.970
9,970
10 Analysis of gover￿*￿te and support eosts
Covernanee eosts
Unrtstricted
fund5
General
Total
funds
Accountancy ftts
Ftts paid to accountants
Consultancy fees
Depreciation, arnortisarion and other similar costs
Other governance costs
2.072
I,i85
4,240
41.264
2,072
1.38S
4,240
41,264
Total for 2021
48.961
48.961
Total for 2020
29,800
29.800
Page 15

First Asian Support Trust (FAST) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
I I Staff eost$
The ats¢tyeoaie payroll c￿ts were Is follows:
2020
Staff tosts during the year were:
Other 5raff costs
9,970
No ernployee received emoluments of moT¢ than £60.OtX) during the year.
Patse 16

First Asian Support Trust (FAST) Ltd
Notes to the Financi21 Statements for the Year Ended 31 March 2021
12 Taxatiort
The charity is a reoistered charity and is iherefore exempi from toxation.
13 Tangible fixed assets
Furniture and
equipment
Total
Cost
Ai l April 2020
65,330
Ai )] March 2021
Depreciation
At l April 2020
Chartse for the year
44.132
4.240
44,132
4,240
Ai i l March 2021
Net book value
Ai 31 March 2021
16,958
16,958
Ai ? l March 2020
21,198
21,198
14 Cash artd eash equivalents
2021
2020
Cash ￿ bank
8,045
7,749
15 Creditors- arnounts falling due within one year
2021
2020
Trade creditors
Trustees current accounts
Accrua15
841
12,445
3.200
1,947
12,445
1,800
16.486
16,192

First Asian Support Trust (FAST) Ltd
Notes to th¢ Financial Statements for the Year Ended 31 Mar¢h 2021
16 Fwnds
Balance at I
April 2020
Incornin%
resources
Resources
expended
Balanet at 31
Mareh 2021
Unrestricted funds
General
19.166
(48.961)
1.634
Restricted funds
(18,674)
25,557
6,88)
Total funds
12,755
44.72i
{48,961
8.517
Balance at I
April 2019
Imeoming
resources
Resources
expended
Balance at 31
March 2020
tsnrestricttd fund5
General
28.474
32.905
{29.950)
9.970
31,429
Resiricted funds
(18.674)
9.970
18.674
Tot41 fund5
9,800
42,875
{39,920)
12,755
17 Analysis of net assets between fund5
Unrestricted
funds
General
Total funds at
31 March
2021
Tangible fixed a55els
Current assets
Current liabilities
16.958
8,045
16,486
16,958
8,045
16,486
T￿al net assets
8.517
8.517
Unrestrieted
funds
General
Total funds at
31 March
2020
Tangible fixed a55ets
Current assets
Current liabilities
21.198
7,749
(16,192)
21,198
7,749
(16.192)
Total net ￿set$
12.755
12,755
Page 18