Charlly Reglstratlon No. 1101796 ZNANIYE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ZNANIYE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms Aina Mamaeva Ms G Kansadi8V8 Ms A Bastrakova Ms S Page Mr Z 1518m Ms S Hill (Appointed 29 October 20201 (Appointed 4 March 20211 (Appointed 30 Octob8r 20201 (Appointed 15 May 20201 Charity numb8r 1101796 Principal addrass 52 Mayf181d Gardgns London 13RH Independent examlner Reddy Slddlqul LLP 183-189 The Vale Acton London W3 7RW ZNANIYE FOUNDATION CONTENTS Page Trustees, report Independent 8xaminarfs raport statement of flnanclBI acuvltles Balance sheet Notes lo th8 finanu81 st8t8rn8nts ZNANIYE FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Trustees present thelr report and finan￿￿1 statements for the year ended 31 March 2021. The financial statements have been pr8pared in accordance wilh the accounting pollcies sel out in note 1 to the flnanclal statements and cotnply w11h the charitvs Igoveming documenll, the Charities Act 2011 and "Accounting and Reportin9 by Ch8rit18s'. Stalernent ol Recornmended Practice applicable to charities p￿paring their accounts In aecordance with the FinanrA81 Reporting Slgnd8rd applicable in the UK and Republlc of Ireland IFRS 102116ffethve 1 January 20191" Oblgctlvgs and actlvltlos One ol our principal alrns is lo assist chlldren and young people from BME Mlgrant familles. Ilving in Income and Socially deprived areas of London to break the languaga, income and soclal deprivation barri8r5. fosler Sense of inclusion and develop the necessary sell confidence to grow into responslble adults in a dlverse SOQi8ty. We offer a range of social services. as well as oducatlonal and recreatlonal acllvllies, Including soc181 performances, and hands on training, through which we promote community cohesion. inculcate life skills and self confid8fjce Into ¢hSldren and young people, as well as provldSng social and employment Information and P8rentlng support and training to 8dults. Znaniye Foundalion delivers $eM￿s. a wide range ol projects and education81 programmes to childr8ri, youth and farnilles In Ihe various boroughs of London. We recognise the Importance of 5UPPOrting th8S8 children and young people lo reach their potential, lo encourage their self- eXp￿sSion. and to build soclal Interaction and cornrnunity integration iri Safo, friendly and stirnulating environments. Th8 Trust8e5 hav8 paid du8 regard to guidance issued by Ihs Charity Commksslon in decldlng what activltlos the charlty should undertoke. Achlevements and performanc& Znaniye Foundatlon has begun to work with a rnuch va5t8r COrnTnunity of children and youth who are seeking Ihe extra svpport or involvement in their boroughs. The charity is very proud to have off8r$d $8f8, friendly and slimulaling atmospheres, Whe￿ children, young people and adults have engaged in various piojgcts and expanded their possibilities. A11 our work has always been with the Snlention of benefi￿ng the wlder cornrnunity and advocallng inlegrallon to bring iogelher as many people In the communlly as posslble. We havè focusgd heavily on social inclusion and social integration of chIld￿n and youth in particular. Over the past year, Znaniye Foundation has b6nefitted 5UPPOrted over 2500 childr8n 8cross London by providing supplementary education and wellbeing programme5. To be tnore specilic the oharity has helped children from the age of 3 - 18, children from low-lncome backgrounds, all gender groups, minority 81hnic groups, and special needs children to a¢￿sS opportunities allowing them tc> prosper both educationally and persoaally. The implications ol Covid-19 has caused a vast increase in the demand for our setvlees, and 8S such we have worked lo play 8 significant role in local communities. ensuring Ihat our youth Bre able to recov9r and grow tsirly. Flnanclal rèvl•w The TnJstee5 carefully monitor all fund ra￿l￿g and exp8ndllur8 to ensure th81 the Charity cornplies wilh Ihe requiremenis of its donors. Wlth the ald of sound financial man8g8tn8nt th8 ch8rily has achieved a satisfactory outcome for the year, wlth sufflelent resources to contlnue its nom81 actlvitl¢s In the forthwming year. It Ss the pollcy of the charSly that unrestricled funds which have not b8en de5ignal8d lor a specrfic u88 should be maintained at a level equwalent to between three and slx month's expendlture. The Trustees considers that reserves al Ihls level wlll ensur8 that. in the event ol a SIgn￿leant drop In fundlng. they will be able to contlnue the ¢harity's current a¢liiqli85 while consideration is given lo ways in whlch additional lunds may be rai58d. Thls18V81 of re88rves has be8n maintained throughout the year. ZNANIYE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 The Tiustees has assessed the major risks lo which the charity is exposed, 8rid are sali8fied that systems are In place to mltigate exposure lo the major rbsks. The Management Committee has condueted a review oflh8 rnajor risks to which the charity is exposed to and continues to monitor thls tsn an ongoing basis. Where appropriate, systems or prO￿dureS have been established to mitigate the risks the chartty faces. InteTnal control risks are mlnlmised by the irnplementation of procedures for authorisation of all transactlons and projeots. Procedures are in place to ensure cornpliance with health and safely of staff, volunteers, elients and visit015 to Ihe cantre. Th85è proc8dur85 are p8riodic8lly reviews lo ensure that they continue to meet the needs of the charity. As part ol our plans for the future, we hopo lo continue lo be able to suppoTrrt chbldren and young people in and around London, by delivering projects, eduoational programmes, and support to children, youth and laTllilies. We hope that through thè research we conduct wo will be ab18 to provide adv￿8 to f8milies, volunteering and work opporlunllies to people whilst also 5imult8ll80usly improving 1fv8s and comrnunlllgs, promotlng a sense of belonglng and addresslng som8 of the Issues of poverty and Inequality. Structurg, governance and management The Truslees who setved durSng tha yaar and up to tha datè of slgnatura of thè finandal slat8mènts wèra.. MsAlna Mamaava Ms G Kansadieva Ms A Bastrakova Ms S Paga Mr Z Islam Ms S Hlll M8 G Sliwva (Appolnted 29 October 20201 (Appointed 4 March 20211 (Appointed 30 October 20201 (Appointed 15 May 2020} (Resigned 7 July 20211 Thè company'5 current policy Concerning the P8yTn8nt of trade ¢r8ditors is to ft>llow th8 CBI'S Prompt Payers Code Icoples arè avallable from the CBI. Centre Po1nt, 103 Ngw Oxford StrgQt. London WC1A 1DUI. The companvs Current policy concernlng the payment ol trade ereditors1s to.. sellle the torrns of paymènt wilh supplSers when agreElng thB t8rrns of 8ach transaction. ensure that suppliers are made aware ol the terms of pByment by Incluslon ol the relevant terms In contracts,. and pay in accordance with the companvs contractual and other legal obligations. Znanlye Foundation has a Management Commltte& of S trusteas who meet regulady and ar6 responsible for the strateglc direction and policy of the charSty. The Trustees, Teport W85 approved by the 8oard of Trustees. Ms Aina Mamaeva Trustee Dated.. 16 July 2021 Ms G Kansadi8va Trustee Datèd.'16 July 2021 ZNANIYE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ZNANIYE FOUNDATION I rep(>rt to the Trustees on my examlnatlon of the fin8nclal statements of Znanlye Foundatlon (the charltyl for the year ended 31 March 2021. Responslbllltle5 and bas18 of report As the Trustees ol the chartly you are responslble for the preparatSon of the flnanLYal statements In accordan￿ with the requirernenls of the Charities Act 2011 Ilhe 2011 Acll. I r8POrt in respect of my exarninalion ol the ch8rity'5 financial stat8tn8ntS Carried out under sectlon 145 of the 2011 Act. In carryng out my examination I have followed all the appllcable D5￿ctIOns glven by the Chaiity Commis51on undèr sèction 14515llbl of the 2011 Aet. Independent examlnerfs statemgnt Your attentlon 18 drawn to the fact that the ch8rfty has prepared ffinanclal statements in accoTdance with Accounung and RepDrting by Charities preparfng Ihelr accounts in accordan￿ with the Financial Reporting Standard 8ppllcabl& In the UK and Republlc of Ireland IFRS 1021 In preference to the Accounting and ReportSng by Charfties.. Statement ol Recommended Practlce Issued on 1 Aprfl 2005 which is referred lo in the extant regulations but has now been withdrawn. l undersl8nd that this has b88n done in ord8r for financi81 st8t8m8nts to provide a true and faiT view accordance with Gonorally Accepted Accounting Practice effective for reportlng perlods bèglnning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause lo believe that in any malgrial respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or th& financlal statoments do not accord wlth those records.. or the finanrAal statements do nol comply with IhB applicablè rèqulroments eoneernlng the form and cont8nt of account5 Set out in the Charttie5 (Accounts and Report51 Regulatlons 2008 other than any r8qulrernenl that the accounts glve a true and falr vlew whlch Is not a mattor consldered as part ol an Independent examlnation. I have no Con￿￿$ and have come across no other matters in connedion witr th& exarnination lo whi allenlion should be drawn in this Tgport Sn ordor lo en8ble a proper understanding of the flnanclal statements lo be reached. Reddy Siddiqui LLP 183-189 The Vale Acton London W3 7RW Dated: 16 July 2021 ZNANIYE FOUNDATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 UnroStrict8d Restricted fund¥ funds 2021 2021 Total Unrestrict8d R8slricted funds funds 2020 2020 Total 2021 2020 Not08 Incom6 from: Donations and legacies 9,666 28.450 38,116 515 11,585 12,100 Charitable activities 370 33,877 34.247 405 2,031 2,436 Net incomellexpenditurel for tho yearl Nèt movèmènt In funds 9.296 15.4271 3.869 110 9,554 9,664 Fund balances at 1 April 2020 110 9.709 9,819 155 155 Fund balan¢g5 at 31 March 2021 9,406 4,282 13,688 110 9,709 9.819 The slalemenl ol financial activities Includes all gains and losses recognSsed Sn the year. All income and expenditure deTive frorn contlnulng acllvilles. ZNANIYE FOUNDATION BALANCE SHEET ASAT31 MARCH 2021 2021 2020 Notes Current assets Cash at bank and In hand 13,958 10,119 Credltors.. amounts falllng due wllhln one year 12701 {3001 Ngt currgnt ass8ts 13,688 9,819 Income funds Reslricled funds Unrestricted funds 4,282 9,406 9,709 110 13,686 9,B19 The financial stat8rn8nts were approved by the Truslees on 16 July 2021 MsAina Mam Trustè• 7/ (•1è ZNANIYE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollcles ChaTity infomiation Znaniye Foundatlon was registered as 8 charity on 18th January 2003 and is governed by Its amended conslltulion dated 2nd October 2010 and subs8qU8nlly on 3rd Seplembgr 2019. 1.1 Accountlng conventlon The financial statements have been prepawd In accordance with the charills tgoverning documentl, the Charitles Act 2011 and 'AccoLtntSng and Raporting by Charities.. Statement of Recommended Practlce applicable to charities preparing thelr accounts in accordance with th8 Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 {eff9¢1ive 1 January 2019)" The charity is a Publlc Benefit Entity as defined by FRS 102. The charity has taken advantage of the provlsions In the SORP for ch8ribes aptAySng FRS 102 Update Bulletin 1 not lo prepare a Statement ol Cash Flows. The llnanclal statements have d8P8rt8d from the Charities (Accounts and Reports) Regulatlons 2008 only to the extent requlred to provid8 a tIU8 and falr vlew, This departure has involved follovAng the Statement of Recommended Practictr for charit[85 applying FRS 102 rather than the verslon of the Statetnent of Recommended Pract1￿ whlch Is referred lo in the Re9ulalions bul which has SITh￿ been withdrawn. The financial slaternenls are prepared in sterfing, whlch Is the functional currency of the charity. Monetary amounts in these financial statements are rounded lo the nearest£. The financlal statemonts have b66n praparèd under thg hlslorical cost convention, rnodlfigd lo include Ihe revaluation of freehold woperties and to Include investment properties and certain financial instruments al lair value. The pflnclpal accountlng policles adopted are sat out below. 1.2 Golng concern Al the lime of approwng the financial slatements. the Trustees hav@ a r883On8ble expectation that the harily has adequate resources to contlnue in operallonal existenee for the foroseeable future. Thus the TTUStees continue lo adopt the going concern basis ol accountlng In preparing the financial slat8tn8nls. 1.3 Charltable funds Unrestricted funds are available foT use al the discretion of the Trustees in furth8ianc8 of Ih8ir charitable objertN88. Restricted funds are subject to SP8cifi¢ conditions by donors as lo how they may be used. The purposes and uses of th8 restricted funds are s81 out in the notes to the fillancial statements. Endowmènt funds are subject to speclflc ¢ondltion$ by donors that the capital must be maintained by the charity. 1.4 Income Income Is recognlsed wh&n the charfty Is legally èntltled to it aft8r any performance condltlons have been m81. the amounts can be measured reliably. and it is probable that Incotn8 will b8 r8C8iv8d. Cash donations are recognised on receipt. Other donations are recogni5ed once the charily has been notifi8d of the donation. unless performanoe conditions require deferral of the amount. Incomè t8x recoverable in r818tion lo donations received under Gift Aid or deeds ol covenant Is recognised at Ihe tlme of the donation. ZNANIYE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2021 Accountlng polScles {Contlnuedl Legacles are recognls8d on r8celpt or oth6Nilse If the charlly has been notllled ol an Impending dislribulion, th8 arnount 15 known. and rece1pt Is expected. If the amount is nol known, Ih818gacy is tr88t8d as a contlngent asset. 1.5 Expondlture Llabilitles are recognlsed when resources are expended. All exp8ndilurg is accounted for on an accruals b88ls and hBs been classlfied under headlngs that aggregate all costs r91ated to thé e8tagtsry. 1.6 Cash and cash equlvalents Cash and cash equivalents includg cash In hand, d8posits held at call wlth banks. other short-term Ilquld Investments with original malurilies of thre& months or les5. 8nd bank overdrafts. Bank overdrafts are shown within borrowng8 Cu￿nt Ilabllltles. 8aslc flnenclal assets Baslc financial assets, which indude d8blors and cash and bank balances, are Inltlally measured at transaction price including transaction costs and ale subsequently carrled at amortised cost using the effective interest m8thod unless the arrangement constitutes a finanang transaction, where the ITansaclion Is m8asur8d at the prasènt value ol th& future receSpts discounled at a market rale of inter8sl. Financial 85S8ts clas51fl8d as receivable within one year are not arnortised. Basic financial liabilitie5 Basic financial liabilltles, Including creditors and bank loans are initially Tecogni5ed 8t transactlon prlce unless the Arr8ngement conslltutes a financing transacllon, where th8 debt instrurtl8llt Is rn8asur8d at the pr85ent value of the future payments discounted at a mark8t rat8 of int8r88t. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effeclive interest rate melhod. Tr8d8 creditors 8re obligalion5 to pay lor goods or services that have been acquired in thg ordinary course of operatloll5 from suppllers. Amounts payable are classlfled as current liabiliti85 if payment Is due withln on8 ygar or less. 11 not, they are presented as non-curr8nl liabiliti8s. Tr8d8 credllors are recognised Inltially Bt transaction price and subsequen15y rneaSUT8d al 8mortlS8d cost using the effeeilve Interesl method. Derécognltlon of IlnanGlal Ilabllltles Flnancial liabllities are derecognised when the charflys contractU81 obllg8tions explre or 8re dlgcharged or cancelled. Crlllcal a¢¢ountlng estlmatas and ludgem•nts In the appllcatlon of the charftys accounUng policles, the Trus1998 ar8 requlred to make ludgemenls, esilmales and assumptions about the carrying arnount of assets and liabllitlES that a￿ not readlly apparent from other sources. The 98llrna18S and assoclated assumpllons are based on hlstorlcal expgrlence and other faclors Ihat ar8 (x)nsid8red to be relevant. Actual results may differ Irom these estimates. Th8 85timales and undorl￿ng assumpllons are revlewed on an ongoing basis. R8VlSlOnS to accounting estlmates are recognised in the period in which the esllmate Is rovised where the revision affects only that perlod, or In the period of Ehe revision and future periods wh8r8 the r8Vlslon affeets both current and futute psrlods. ZNANIYE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Donatlons and 1gga¢le8 Unr85triclgd Restrlcted funds funds Total Unre51ricled Restricted funds funds Total 2021 2021 2021 2020 2020 2020 Donation5 and gifts 9,666 28,450 38,116 515 11,585 12,100 Charltable actSvltles Charltable Charltable Expendllur8Exp&ndlture Headlng 1 Heading 1 2021 2020 Charitable expendlture heading I 33,977 2.136 Share of governance costs (see note 51 270 300 34,247 2,436 Analy$Ss by fund Unreslricled funds Restrfcted funds 370 33,877 405 2,031 34.247 2.436 Support e05ts Support Governance costs Costs 2021 Support Govemance oosls costs 2020 Accounlaney 270 270 300 300 270 270 300 300 Analysed b8tW88n Charitsble activitles 270 270 300 300 Governance costs Includes payments lo the Sndependgnl 9xaminallon of £27012020. £3001. ZNANIYE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Truste08 None ol the Trustees lor any persons connected wlth Ihernl ￿CeIved any remuneration or beneflts from the charity durtng the year. Ernploy88S The avgrage monthly number of ernploye88 during the year was.. 2021 Nurnbèr 2020 NLtmb•r Total Crèdltors,. amounts falllng due wlthln one year 2021 2020 Accru81s and d8ftsr￿d Income 270 300 Analy515 Ot net 8SS8t5 bal￿8￿ funds UnrestrÈcted Restricted funds funds 2021 2021 Total Unrestricted Restricted funds furids 2020 2020 Total 2021 2020 Fund balanees at 31 March 2021 are represented by.. Current asselsl 13,688 13,688 9,819 9.819 13.688 13,688 9.819 9,819 10 Related party transactlons During the year few Iruslees were paid fees for additional services they provide to the charity over and above normal trustee duties.