Charlty registralion number 1101796 (England and Wales) ZNANIYE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ZNANIYE FOUNDATION LEGALAND ADMINISTRATIVE INFORMATION Trustees Ms Alna Mamaeva Ms G Kansadleva Ms A Baslrakova Ms S Page Mr Z Islam Ms S Hill Charlty number 1101796 Prlnclpal addross 52 Mayfi8ld Gardens Ealing London Unllod Klngdom W7 3RH Independent examlner Reddy Slddiqul LLP 183-189 The Vale Acton Londt)n Unlled Klngdom W3 7RW
ZNANIYE FOUNDATION CONTENTS Page Trusteas, r8POrt Independenl examinevs report Statement of financial acllvltles Balance sheet Notes to the flnanclal slalements 8-14
ZNANIYE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trusl88s present their annual report and financial stalemenls for Ihe year ended 31 March 2024. The fln8ncial statements hav8 been prepared in accordance wtlh the accountlng polic5es sel out in noto 1 to tha flnancial statements and comply wllh Ihe charlty's governlng document, the Charities Act 2011. FRS 102 "Th8 Flnancial Reportlng Standard applicable In Ihe UK and Republlc of Ireland" and the Charlties SORP "Accounting and Reporting by Charilies.. Slalemenl of Recommended Practice appllcabSe lo charities preparing their aocounts In accordance with the Financlal Reporling Standard applicable in Ihe UK and Republlc of Iraland {FRS 102)°. Objectlves and actlvltles One of our principal alms Is lo asslst chlldren and young people from BME Migrant f8milies, living In Income and soclally deprlved areas of London lo break the language, InrJJme and social de.privation barriers, foster 8 sense of Incluslon and d8v8lop the necessary self confldence to grow into responslble adults in a diverse soclety. We off6r a range of soclal servlces, as well as educational and rocroational activilios, including soclal porformances, and hands on Iralnlng, through whlch we promote community cohesion. inculcate life skills and self confidence Into chlldren and young people, as well as provldlng social and employment Informatlon and parenllng support and Iralnlng to adults. Znanlye Foundallon delivers seNices, a wide range of projects and educallonal programm6s lo childran. youth and fami118s in the varlDUS boroughs of London. We recognise the importance of supportlng thesa chlldran and young people lo rèach Ih81r potenlial, lo encourage Iheir self-expression, and to bulld social Inleracllon and communlly Int8grallon In safe, friendly and sllmulaling envlronments. Publlc benoflt The TnJ8lees have paid due regard lo guidance Issued by the Charily Commlsslon In decldlng what aclivltles the charlly should und8rtak8.
ZNANIYE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and performance Slgnillcant aclivitles 8nd 8chi8vements againsl obieclives Znaniye Foundation h8s continued to work with a vast communlty of children and youth seeking support and is proud lo have inilial8d various new programmes lo fulfil this 9oal. We remain Committed lo onsuring Ihal chlldr8n aged 3-18. primarily from low-income backgrounds, across all gender groups, minority ethnic communllles, and chlldren wllh special educational needs, as w811 as their families and communitles, have access lo high-quallty educallonal and personal development opportunities. Throughout lh8 year, we have acllvely fostered nèw rèlatlonshlps and partnerships wilh local schools and organlsatlons lo extend our reach and provide more chlldr8n, young people. and their famlli6s wllh suslalned support. These partnerships have been Instrumenlal Sn broadenlng our Impact and ènsurlng that those who need our sarvlces Ihc most Can access them. Znaniye Foundallon Continues lo offer safe, friendly, and stimulatlng environments where chlldren, young people, and adults can engage in enrichlng educalional programmes and activities that expand thelr posslblllllas and prospects. work remalns focused on benefillng ihe wlder CmmunI1Y by advocatlng for inlegrallon and soclal coheslon, brlnglng logether Individuals from dlverse backgrounds lo creale Incluslve and 8UPPOrtive 18arnlng spaces. Thls y8ar, we have strenglhened 8nd expanded sever81 key Inlllatlves to meet Ihe Incr8aslng demand for our servlces: Saturday Club.. We hav8 successfully grown a reliable and w8114lt8nded Saturday Club, w61coming 40-50 chlldran every weekend. Thls inlllallvo provides a structured and engaglng environment where chlldren receive Gore subl8cI support, creallve arts and cralls opportunities, and culluial awareness sassions. The programme is deslgned to foster conflden¢e, enhance learning ouIGom8s, and provide a supportlvé space for children from dlsadvanlaged backgrounds. STEM Club: Recognislng Ihe Importance of science. technology, 8ngineerlng, and mathematics (STEM) education, we h8va expanded our weekend STEM Club. Led by professional educators and Industry speclallsts, Ihls programme engages chlldren In hands-on experimenls, waclical Pfoblem-solving, and Innovallve 16arnlng 6xperlences deslgned lo Ignlte curiosily and encourage future careers In STEM flelds, Hollday Camps., In response to the growlng need for edu¢8llonal support and wellbelng Inlllallves, we have Increased our Hollday Camp PTovlslon. ensuring that more children have access lo physScal and emolion81 wellbelng support, structured aclivilies, 8nd nutrllious meals durlng school breaks. Méntorlng Programmes: We have conllnued our mentoring programmes, foJs1nu on secondary school studenls who benefit from personallsed guidance, careef SUPPOrt, and academlc menioring lo help them navigate Ihalr educallonal louiney and fulure asplrations. We have also r6malned proactive In respondlng lo Ihe long-teTm after.effecls of Covld-19, partlcularly the helghtened demand for educatlon81 support and accesslble learnlng opportunllies. In response, we have expanded exlstlng provlsion5 and Introduced new programmes to bridge 8118inment gaps and address th èvo5ving needs of the communities we serve. In recognilion of our outstandSng commitment to voluntary servl¢e, Znaniye Foundalion was nominated for the Klng's Award for Voluntary Service. a testament lo the dedication of our voSunteeTS, staff, and supporters who hav8 played a Gruclal role in maklng our Inilialive8 impactful and sustainable. Our ongolng efforts lo expand opportunltles, create Incluslve educatlonal envlronments, and support young people's development reflect our unwavering commilmenl lo tackling educalii)nal Inequality and fosterlng brlghler futures for the chlldren and families we seNe.
ZNANIYE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnancial raview The Trustees carefully monltor all fund ralsing and expendilure to ensure thal the Charity complles wllh the requirements ol Its donors. With the aid ol sound finandal management the charlty has achieved a satlsfactory outcome for Ihe year, with suffia8nt resources to continue its normal aclivilies In Ihe forthcoming y8ar. Reserves pojlcy It is the policy of the charity Ih8t unreslricled funds which have not been dèslgnated for a speclfic use should be maintained at a level equivalent to between thrée and six month's expendlture. The Trustees conslder that reserves at this level wlll ensuré that, in the event of a sSgnificant drop in funding, they will be able lo contlnue the charity's current acllvllles whllé conslderallon is given lo ways Sn which additional funds may be raised. Thls level of reseNes has bocn maintalned throughout the year. Major risks Thé Trustees has asscssed the malor risks io whlch Ihe charlty Is exposed. and are sallsfied that systems are In place to mlllgate exposure lo the major risks. The Management Commlllee has conducted a revlew of Ihé major risks to whlch the charity is exposed lo and conllnues to monitor Ihls on an ongolng basis. Where appropriale, systems or procedures have been esl8bllshed to mlllgat8 the iisks the charlty fac8s. Intemal conlrol risks are mlnlmlsed by the lrnplementallon of proceduras for authorlsalion of all transacllons and projects. Pro¢edures are In plac8 to ensure compliance with health and safely of staff, volunteers, clients and vlsltors to the cenlre. These procedures are periodically r8vS8WS to ensure Ihat they conllnue to meet Ihe needs of th6 charity. Plans for future perlods As we forge ahead In our misslon to suppori chlldren and young peopl8 In and around London, we remaln commltted lo acllvely Ilslenlng to our servlce users and cA)mmunily, Thls ongolng engagement ensures that our projects, educallonal programmes, and support seNIc8s dlreclly address the evolvlng needs of tho Indlvlduals and families we seNe. Through our continued research. we alm to provide pra¢tl¢al advice. offering valuabla résour8 for navigating Ilfe's challenges. Slmullaneously, we're eited lo creallng volunleèrlng and work opportunllles Ihal empower individuals, conlribullng to personal and professional growth. Our hollslic approach seeks to not only alleviate the immediate effects of poverty and inequallty bul also foster a sense of b8longlng and promote positive change in lives and communlt18S. Structuré, oovernance and management The Trusteès who seryed during tho year and up lo the dale of slgnature of th8 financial statements were: Ms Alna Mamaava Ms G Kansadieva Ms A Baslrakove Ms S Page Mr Z Islam Ms S Hlll R6crullmenl and appolnlmgnl of trusl6&s The companls current pollcy concerning Ihe paymenl of trade creditors is to follow thè CBI'S Prompt Payers Code {coples are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1 DU}. The company's current pollcy concernlng the payment of Irade credltors Is to: satlle the lerrns of payment with suppllers when agreeing the terms of each transaction: ensur8 that suppliers are made aware of Ihe terms of payment by inclusion of tho ralovant térms in conlracls; and pay In accordance with Ihe CoMpanS contractual and other legal obligations.
ZNANIYE FOUNDATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Organlsational stnicture Znaniye Foundation has a Management Commitlee of 5 Irustees who meet regularly and are r6sponsible for the slrateglc directlon 8nd policy of the charily. R6laElonship with rela18d p8rties In the spirlt of transparency and adher8nce lo good govemance praclices, we wish to acknowledge the presence of related party Iransacllons wilhln our charitable organisation. Our charily, deeply rootèd In community engagÉmenl and driven by mulll-generatlonal InvolvÉm6nt, Includes key individuals who share familial Iles. Notably, A Mamaéva and Pallma Shareefy are engaged In a molher-daughler relalionshlp. mlrroring the similar familial bond between Evle Hlll and S Hlll. It Is pertinenl to menllon Ihat A Mamaeva and S Hlll hold poslllons as Iruslees of our charity. ConcurrÉnlly, Palima Shareafy and Evie Hill contrlbute lo our mission not only as part-time employèes bul also as dedicated volunteers. Thls dlsclosuro is made In Ihe Inlerest of malnlainlng th8 hlghest standards of Inlegrlty and transparency In our operations and gov8rnance. The Trustees, report was approv8d by the Board TTuslee8. Ms Alna M8maeva Trustea Ms G Kansadleva Trustee 27 January 2025
ZNANIYE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ZNANIYE FOUNDATION I r8porl lo the Trusteès on my examination of the financial slatemenls of Znaniye Foundalion (the charily) for the year ended 31 March 2024. Rasponslbllltles and basls of report As the Trusteos of the charily you are responsible for the preparation of the financial statement8 in accordance wilh the requirements of the Charilles Act 2011. I roport In SpeCt of my 8xamlnallon of tha charilrfs financlal statements rrIed out under secllon 145 of tho Charilles Acl 2011. In carying oul my examlnation I have followed the Directions given by the Charlty Commlsslon vnder Secllon 145{5){bl of the Charllles Act 2011. Independent examlner's statement Your att&nllon Is drawn to the fact that the charily has prepared Ihe flnanclal slalemenls In 8¢¢ordance wlth the relevant verslon of the Slalem8nl of Recommended Pracllce appllcable lo charitles preparlng thalr financlal slalements In accordance with th6 Financlal Rèportlng Slandard appllcable in Ihe UK and Republic ol Ireland (FRS 102) In preference to the Accounting and Reportlng by Charllles.. Slalement of Recommended Practlce issued on 1 Aprll 2005 which is referred to in the exlanl regulallons bul has now been wlthdrawn. I Understand Ih81 thls has b8en done in order lor Ihe finandal slatemenls to provlde a Irue and falr view in accordance with UK Ganorally Accepted Accounllng Practice. I have complotod my examinalion. I confirm Ihat no matters hav8 come to my altention in conneclion wilh the examinallon giving me Cause to believe Ihal in any malerlal respect: accounllng records wer6 not kept In respecl of the charfty as required by secllon 130 of th6 Ch8rities Acl 2011. the financlal st8tèmenls do not accord wilh those records., or the flnanclal slalémenls do nol comply wilh Ihe applrcable requirements concernlng th8 form and content of Ilnanclal statements sel out In the Charities (Accounts and Reports) Regulations 2008 other than any requlrement that the flnanclal statements give a true and falr vlew. whlch Is not a maller consldered as part of an Indepondenl examlnallon. I hav6 no concarns and have come 8¢ross no other malters in connection wilh the examination lo which attention 8hould be drawn in this report In order to enable a proper understanding of the linancial 8lalements to be reached. Reddy Siddlqul LLP 183-189 The Vale Acton London W3 7RW Unlted Kingdom 27 January 2025
ZNANIYE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrastrlcted Roslrlcted funds funds 2023 2023 Total 2024 2023 Notes Income and ondowments from: Donations and legacies Oth8r income 3.183 90.231 93.414 3.297 18 48,420 51,717 18 Total Income 3.183 90,231 93,414 3.315 48,420 51,735 Expendlture on: Ralslng funds Charitabl8 8ctivilies 612 3.524 612 43,958 5.816 57,756 63,572 40,434 Total expendlture 5,816 57.756 63.572 4,136 40,434 44,570 Net Incomel{8xp&ndltur81 and movemant In funds (2,633) 32,475 29.842 {821) 7,986 7,165 Reconclllatlon of funds: Fund bal8nc8s at 1 April 2023 8.651 35,063 43,714 9.472 27,077 36,549 Fund balancè8 at 31 March 2024 6,018 67,538 73,556 8,651 35,063 43.714 The slal8menl of financial aclivilies includes all galns and losses recogn188d In Ihe year. All Sncoma and expendlture derive from conlinuing activllles.
ZNANIYE FOUNDATION BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxed asset5 Tangible assets 12 682 908 Current assels Debtors Cash at bank and In hand 13 169 74,085 44,186 74.254 44,188 Credltors: amounts falllng due wlthln one yoar 14 (1.380) {1.380) Net currant assets 72.874 42,806 Total assets less current Ilabllltlés 73,556 43,714 Tho funds of thè eharlty Restricted 5ncoma funds Unreslrlcted funds 15 16 67,538 6,018 35,063 8,651 73,556 43,714 Th8 flnanclal statements were approved b thè Trustees on 27 January 2025 Ina Mamaeva Trustee
ZNANIYE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounllng pollcles Charlty Informatlon Znaniye Foundation was rogislered as a charity on 18th January 2003 and is governed by ils amended conslitutlon dated 2nd October 2010 and subsequently on 3rd September 2019. 1.1 Accountlng conventlon Th8 Ilnanclal statemen18 have been prepared In accordance with the charltvs governing documenl, Ihe Charllles Act 2011, FRS 102 "The Financial Reportlng Standard appllcabl8 in Ihe UK and Rapublic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Slal6m8nl of Recommended Practice applicable to charities preparing their accounls in accordance with thei Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102)" The charity is a Publlc Benofit Enlily as defined by FRS 102. The ¢hadly has taken advanlage of the provlsions In the SORP for charltles not lo prepar8 a slalemenl of cash flows. The flnancl81 slalements have dep8Tted frcmn Ihe Charltles (Accounts and Reports) Regulallons 2008 only lo the extent requlred lo provide a Inje and fair view. Thls departure has Involved followlng Ihe Slalement of Recommended Pracllce lor charilles applying FRS 102 ralher than tho verslon of the Statement of Recomm8nded Pracllcè whlch is referred lo In Ihe Regulations bul whlch has slnce been wltlidrawn. The linancial slalemenls are prepared in slerling. which is the functional Currency of Ihe Charity. Monetary amounls In these financlal slalemenls are rounded lo lh8 nearesl £. The flnandal statements hav8 b8en piep3r8d under the hlstorlcal cosl cnnvenllon, Imodlf18d lo Include Ihé reva5uatlon of freehold properties and lo includ8 Investment propertles and certaln fln8nclal Inslrumenls at falr valu81. The prlncipal accounling polldos adopted are set out below. 1.2 Golng concern Al lh8 Ilme of approvlng Ihe flnan¢lal slatemenls. the Tmsteas have a reasonablè èxpeclatlon that th6 charlty has adequale resources lo contlnua In operational exlstenc6 for Ihe for8seeabl8 fulure. Thus tha Truslees contlnue lo adopt the golng concem basis of accounting in preparing the financlal statements. 1.3 Charltable funds Unreslricted funds are available for use at discretion of the Twstees in furtheranc8 of Ih81r charilable objectives. Reslricled funds are subjecl lo spedfic conditions by donors or grantors as lo hDW Ihey may be us8d. Tho purposes and uses of the reslricled funds are sel out In the notes to th8 financial statement8. Endowment funds are subject lo specific condilions by donors Ihat the capilal must be malnlained by the charity. 1.4 Income Income is recognlsed when the charfly is legally entllled lo It after any performance condillons have been mel, the amounts can be measured reliably, and il 15 probable Ihat Income wlll be rec8iV8d. Cash donallons are recognised on rece5pt. Other donalions are recognlsed once the charily has been notlfied of the donallon, unless performance conditions requlre deferral of the amount. Income tax recoverable In relation to donallons receivod under Glfi Ald or deeds of covenant Is recognlsed al the Ilme of Ihe donallon. Legacles are recognlsed on recelpl or otherwise if Ihe charily has been mtllled of an impendlng dlslribulion, the amount is known, and recelpl is exp8Cted. If the amount is not known. Ihe legacy is treated as 8 contingent assel.
ZNANIYE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclès {Contlnued) 1.5 Expendlture Liabilities are recognised when resources are expended. All expendlture Is accounted for on an accruals basls and has been classified under headlngs Ihal aggregate all costs related lo the category. 1.6 Tanglble flxed assets Tangible fixed assels ar6 Inlllally measured at cost and subsequently measured al cost or valuatlon. net of deprecl81ion and any impairmanl losses. Doprecialion is recognised so as to write off the cost or valuation of assets less their resldual values over Ihelr useful Ilves on the following bas8S: Computers 25% redudng balance Th8 galn or Ioss 8ri8lng on the disposal of an asset is dotamlned as the differenc9 between the sa18 proceeds and Ihe carrying value of the asset, and is recognised in Ihe statement of finandal aclSvlties. 1.7 Impalrment of flxed assots Al each reportlng end dale, the charlty revlews the carrylng amounts of Ils langlbl8 assels to delermlne whether there is any Indlcation that Ihosa assets have suffered an Imp81rmenl loss. If any such Indlcation exlsls, the recoverable amount of the ass81 Is estlmated In order lo delermlne the exlenl of th8 Impalrment loss Ilf any). 1.8 Cash and cash equlvalents Cash and cash 8qulvalents Include cash In hand, deposlts held al ¢all wlth banks, othor short-tèrm liquld nvastinents wllh origlnal maluritSes of Ihree months ¢y less, and bank ov8rdr8fts. Bank overdrafts are shown wllhln borrowings In current Ilabllili6S. 1.9 Flnanclal Instruments The charity has &lecled to apply the provlslons of Sectlon 11 'Basic Flnanclal Instrumenis, and SeclSon 12 'Olher FinancSal Instruments Issues, of FRS 102 to all of Ils financial instruments. Flnancial Instruments are recA)gnlsed In th8 charltys balance sheet when the charlty becomes party lo the contractual provisions of Iho inslrumenl. Flnancial assets and Ilabililies are offset. with the net amounts presented in the financ181 stalemenls. when there is a legally enforceable right to set off the recognlsed arnounts and there Is an inlenllon lo settle on a nat basis or lo reallse thé asset and sellle tha liability slmultaneously. Baslc flnancial assets Basic financlal assets, whlch Include debtors and cash and bank balances, are inliially m68suréd al transaction pri includlng transaction costs and are subsequently carried al amortised cn81 uslng the effeclivo Inlarast melhod unless the arrangement constilules a fin8ncing Iransacllon. where the transactlon is measured al the presenl value of Ihe future receipts discounted at a market rate of Intere51. Financlal assets classified as receivable within one year are not amorlised.
ZNANIYE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policles (Contlnued) Baslc flnanclal Ilabilltles Basic financial liabilities, Including creditors and bank loans are Inltlally recognlsed 8t transacllon pri unless the arr8ngement constltutes a finandng transaction, where the debt Instrument Is measured al Ihe presenl value of the fulur8 payments discounled al a market ral8 of Interest. Flnancial liab51illes classlfied as payabl6 wllhln one year are not amortised. Debl In8lrum8nts are subsequenlly carrled at amortlsgd cost, uslng Ihe effecllve Interesl ratè method. Trade credllors are obllgatlons lo pay for goods or services Ihat have bean acqulred In the ordinary cours8 of operalions from suppllars, Amounts payable ar6 classified as curr8nt liabilities If payment Is due within one year or less. If not, they are presenlod as non-current liabllities. Trad6 creditors ara recognis8d Inltially al transacllon price and subsequently measured al amortised cost using the effeGlive interesl method. Derecognieion of flnan¢lal Ilabllltles Flnanclal Ilabllltles are der8cognlsed when Ihe charity's contraclual obllgallons explr8 or are discharged or canc8116d. 1.10 Employae beneflts The cosl of any unused hollday entlllemenl Is recognlsed In the perlod In whl¢h Ihe employee's s8rvlce8 are fec&lv8d. Termlnalion beneflls are recognised Immediately as an expense when Ihe charlty Is demonstrably commltted to terminate Ihe employment of an employee or lo provide lerminalion banefils. Crlllcal accountlng estlmates and Judgement8 In the appllcallon of the Charity's accounting pollcbs, the TrLSSt66s are required to make ludgem8nls, esllmales and assumptions about Ihe carrying amount of assets and Ilabllilies Ihal are not readlly 8PP8renl from other sources. The estimalos and assoclaled assumptions are based on historlcal experlènca and other factOTS Ihal are considere(I to b8 relevanl. Actual results may differ from these estimales. The estimates and undarlylng assumpiions are reviowed on an ongoing basls. Revislons to accounllng estimates are recognised in the pèriod in which Ihe aslimate Is revisod wh8r6 the revision affecls only that period, or in lh8 period of the rovislon and future pariods where Ihe ravision affecls both current and fulura P8riods. Income from d<Jnatlons and lagacles Unr8Strlcted Restrlcted funds funds 2024 2024 Total Unreslrlcted Rastrlcted funds funds 2023 2023 Total 2024 2023 Donalions and glfls 3.183 90,231 93,414 3,297 48,420 51,717 10-
ZNANIYE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Other income Unrestricted Unre8trlcted funds funds 2024 2023 Other Incom6 18 Expondlture on ralslng funds Unrestrlcted Unr8strlctod funds funds 2024 2023 Fundralslng and publlclty Support cosls 612 Expéndlture on charltable activitios Charltablè Actlvltles 2024 Charltable Acllvltles 2023 Dlrgct costs Depreclallon and Impairmenl Charll8ble Expenditure 227 75 303 302 303 Sharè of 8UPPOrt and govarnance costs (see note 7) Supporl Governance 62,700 570 42,845 810 63,572 43,958 Analysls by fund Unrestilclod funds Reslrlcted funds 5,816 57,756 3,524 40,434 63,572 43.958 11
ZNANIYE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to actlvltles 2024 2023 62,700 570 43,457 810 Govèrnance costs 63,270 44,267 Analysed between: Fundraislng Charitabl8 Activities 612 43.655 63,270 63,270 44,267 Net movement In fund8 2024 2023 The nel mov8manl In funds Is Slated alter charolngl(edl1Ing)'. Fees payable for the Ind8P8ndenl examlnallon of the charlty's financla slalemenls Depreclallon of own8d langible fixed assels 227 303 Truste&s None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity durlng Ihe year. 10 Employeés The average monthly number of employees during Ihe year was: 2024 Number 2023 Numb8r Total There W8ro no employees whose annual remuneratlon was more th8n £60,000. Remun8ratlon of key management parsonnel Th8 remuneralion of key nianagement personnel was as follows: 11 Taxatlon The chariiy is axempt from laxalion on ils acllvilles because all Its Income is applied for charilable purposes. 12-
ZNANIYE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Tangible flxed assets Computers Cost At 1 April 2023 1,615 At 31 March 2024 1,615 Depreciation and Impalrmont At 1 Apdl 2023 D8preGiation charged in Ihe year 706 227 Al 31 March 2024 933 Carrying amount Al 31 March 2024 682 At 31 March 2023 908 13 Dèbtors 2024 2023 Amounts falllng due wlthln on8 year: Other debtors 169 14 Credltors: amounts falllng dua wllhln one year 2024 2023 Accruals 8nd deferred Income 1,380 1,380 15 Rastrlcted funds The reslricted funds of the charity comprls8 Ihe unexpended balancas of donations and grants held on trusl subJ8Ct lo spécific conditions by donors as to how thèy may be used. At 1 Aprll 2023 Incomlng Resources At 31 March resources expended 2024 35.063 90,231 (57.756) 67,538 Prevlous yèar: At 1 Aprll 2022 Incomlng resources R8sourc8s At 31 March axpanded 2023 27.077 48,420 (40.434) 35,063 13-
ZNANIYE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Unrestricted funds Th6 unrestrlcled funds of th6 charlly comprise the un8xpended balances of donatlons and grants which are nol sublecl to spedfic condillons by donors and grantors as lo how they may be tjsed. Thes6 Include deslgnaled funds whlch have been set aside cwt of unrestricted funds by the Iruslees for speclfic purposes. At 1 Aprll 2023 Incomlng r8sources R690urces At 31 March expendod 2024 General funds 8.651 3,183 IS,816) 6,018 Pravlous yaar: At 1 Aprll 2022 Incomlng resources Rasourc•s At 31 March expended 2023 General funds 9,472 3,315 (4,136) 8,651 17 Analy$l8 of net assets b8tw•8n funds Unrestrlcted funds 2024 Rèstrlctad funds 2024 Total 2024 At 31 Mar¢h 2024: Tanglble 8ssats Current asselsl(Ilabllllles) 682 5.336 682 72,874 67,538 6,018 67,538 73,556 Unrestrlcted funds 2023 Restrlcted funds 2023 Total 2023 At 31 March 2023: Tangible assels Current asselsl{Ilabilities) 908 7,743 908 42,806 35.063 8.651 35,063 43,714 18 Relaled party transactlons During Ihe year few Iruslees were paid fees for addittonal services they provide lo the charity over and above normal trustee dulles. 14-