||||Page|Page||
|---|---|---|---|---|---|
|Reference and Administrotlve
Details||||||
|Strategic Report||||||
|Report ofthe Trustees|||3|to|4|
|Report ofthe Independent
Auditors|||5|to|6|
|Statement
of Financial|Activities|||||
|Balance Sheet||||||
|Cash Flow Statement||||||
|Notes to the Cash Flow Statement||||10||
|Notes to the Finonclal|Statements||11|to|18|
|DetaRed Statement
of|Financial|Activities|19|to|20|
|TRUSTEES|||~r. FAlaoui Bouarraqui|~r. FAlaoui Bouarraqui|Chairman|Chairman||
|---|---|---|---|---|---|---|---|
||||N G Misirli (resigned|21.3,21)||||
||||Dr. A Abushwaima|||||
||||AJ Koubaisy|||||
||||5Bouabdallah|||||
||||M Ibrahim (appointed||20.5.20)|||
||||I Kady (appointed
20.5.20)
SMohamed
(appointed
20.5.20) (resigned||||I 8.21)|
||||TAydarus
(appointed||20.5.20)|||
||||5Aimahdawi
(appointed|||25.8.21)||
|COMPANY|SECRETARY||R Al Rawi|||||
|REGISTERED|OFFICE||MCC|||||
||||Ratby Lane|||||
||||Markfield|||||
||||LE67 9SY|||||
|REGISTERED|COMPANY|NUMBER|04927787 (England|and||Wales)||
|REGISTERED|CHARITY NUMBER||1103290|||||
|AUDITORS|||Fortus Audit
LLP|||||
||||Chartered
Accountants|||and Statutory Auditor||
||||31 High View Close|||||
||||Hamilton
Office Park|||||
||||Leicester|||||
||||Leicestershire|||||
||||LE4 9LJ|||||
##
##
##
##
##
##
##
##
##
##
##
||||2020|2019|
|---|---|---|---|---|
||||Unrestdicted|Total|
||||fund|funds|
|||Notes|F.|E|
|INCOME AND ENDOWMENTS
Donations and legacies|FROM||227|185|
|Investment
income
Other income|||578,777
12,488|745,566|
|Total|||591,492|745,751|
|EXPENDITURE ON|||||
|Raising funds
Raising donations
and legaoes
Other trading
activities|||14,479
6,837|50,873
4,618|
||||21,316|55,491|
|Charitable
activities
Charitable
activities|||667,022|667,436|
|Other|||7,756|14,169|
|Total|||696,094|737,096|
|Net gains/(losses)
on investments|||(19,01St||
|NET INCOME/(EXPENDITURE]|||(123,617t|8,655|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought
forward|||8,329,708|8,321.053|
|TOTAL FUNDS CARRIED FORWARD|||8,206,091|8.329,708|
||||2020|2019|
|---|---|---|---|---|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|5|E|
|FIXED ASSETS
Tangible assets||14|2,716|3,195|
|Investments
Investment
properly
Sooal investments||15
16|2,765,712
4,604,438|2.765,712
5,085,630|
||||7,372,866|7,854,537|
|CURRENT ASSETS
Debtors
Cash at bank and|in hand|17|106,675
865,078|199,338
448,324|
||||971,753|647,662|
|CREDITORS
Amounts
falling due within one year||18|(81,919)|(101,989)|
|NET CURRENT ASSETS|||889.834|545,673|
|TOTAL ASSETS LESS|CURRENT LIABILITIES||8,262,700|8,400,210|
|CREDITORS
Amounts
falling due after more than one year||19|(56.609)|(70,502)|
|NET ASSETS|||8,206,091|8,329.708|
|FUNDS
Llnreslricted
funds|||8,206,091|8,329,708|
|TOTALFUNDS|||8,206,091|8,329,708|
||||||2020|2019|
|---|---|---|---|---|---|---|
|||||Notes|E|E|
|Cash flows from operating
activities
Cash generated
from operations
Interest paid|||||(21,914)
(10,2281|20,317
(10,228)|
|Net cash (used in)/provided|by operating||octiv Ses||(32,142)|10,089|
|Cash flows from investing
activities
Sale ofsoaal investments
Interest received|||||462,177
611|895|
|Nei cash prowded
by investing
activities|||||462,788|895|
|Cash flows from financing
Loan repayments
in year|activities||||(13,892)|(13,892)|
|Net cash used in tinoncing|activities||||(13.892)|(13,8921|
|Change
in cash and cash
reporting
period|equivalents|In|the||416.754|(2.908)|
|Cash and cash equivalents
the reporting
period|at the beginning|||of|448,324|451,232|
|Cash and cash equivalents
reporting
period|at the end|of|the||865,078|448,324|
|RECONCILIATION
OF|NET (EXPENDITURE)/INCOME|NET (EXPENDITURE)/INCOME|TO NET CASH FLOW FROM OPERATING|ACTIVITIES||
|---|---|---|---|---|---|
|||||2020|2019|
|Net (expenditure)/Income
for the reporting
Financial Activities)||period (as per the Statement of||(123,617)|8.655|
|Adjustments
for:
Depreciation
charges
Losses on investments||||479
19,015||
|Interest received||||(611)|(895)|
|Interest paid
Decrease/(increase)
(Decrease)/increase|in debtors
in creditors|||10,228
92,662
(20,070)|10.228
(9,637)
11,402|
|Net cash (used in)/provided
by operations||||(21,914)|20.317|
|2|ANALYSIS OF CHANGES|IN NET FUNDS||||
|---|---|---|---|---|---|
||||At 1.1.20|Cash flow|At 31.12.20|
|||||E|K|
||Net cash|||||
||Cash at bank and in hand||448.324|416,754|865,078|
||||448,324|416.754|865,078|
||Debt|||||
||Debts falling due within
~ebts failing due after|I year
I year|(13.892)
(70,502)|13,893|(13,892)
(56,609)|
||||(84,394)|13,893|(70,501)|
||Total||363,930|430.647|794,577|
##
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##
##
##
##
##
##
##
##
##
|Trustees' expenses||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|
|||||||||E||
|Trustees' expenses||||||||3.458|4,996|
|STAFF COSTS||||||||2020|2019|
|||||||||E|E|
|Wages and salanes
Social security costs
Other pension costs||||||||50,941
1,162
1,120|46,799
474|
|||||||||53,223|47,273|
|The average
monthly||number||ofemployee&||during|the year was as follows:|||
|||||||||2020|2019|
|Fundraising,
marketing,|||administration|||||2|2|
|No employees
received|||emoluments||in excess ofE60,000.|||||
|COMPARATIVES
FOR|THE STAI'EMENT||||OF FINANCIAL||ACTIVITIES||Unrestricted|
||||||||||fund|
||||||||||E|
|INCOME AND ENDOWMENTS||||FROM||||||
|Donations and legacies|||||||||185|
|Investment
income|||||||||745,566|
|Total|||||||||745,751|
|EXPENDITURE ON||||||||||
|Raising funds
Raising donations
and
Other trading
activities|||legacies||||||50,873
4,618|
||||||||||55,491|
|Charitable
activities
Charitoble
activities|||||||||667,436|
|Other|||||||||14,169|
|Total|||||||||737.096|
|NET INCOME|||||||||8,655|
|RECONCILIATION
OF||FUNDS||||||||
|Total funds brought|forward||||||||8,321,053|
|TOTAL FUNDS CARRIED|||FORWARD||||||8,329,708|
##
##
##
##
##
|TANGIBLE FIXED ASSETS||||
|---|---|---|---|
||Fixtures|||
||and|Computer||
||fittings|equipment|Totals|
||E|5|5|
|COST||||
|At
I January 2020 and 31 December 2020|21,387|2,584|23,971|
|DEPRECIATION||||
|At
I January
2020
Charge for year|18,380
451|2,396
28|20,776
479|
|At 31 December 2020|18,831|2.424|21,255|
|NET BOOK VALUE||||
|At 31 December 2020|2,556|160|2,716|
|At 31 December 2019|3,007|188|3,195|
|INVESTMENT
PROPERTY||||
|FAIR VALUE||||
|At
I January 2020||||
|and 31 December 2020|||2,765,712|
|NET BOOK VALUE||||
|At 31 December 2020|||2,765,712|
|At 31 December 2019|||2,765,712|
##
##
|SOCIAL INVESTMENTS||
|---|---|
||Mixed|
||motive|
||properties|
|MARKET VALUE||
|At I January 2020|5,085.630|
|~isposals|(481,192)|
|At 31 December 2020|4,604,438|
|NET BOOK VALUE||
|At 31 December 2020|4,604,438|
|At 31 December 2019|5,085,630|
##
##
##
|DEBTORS: AMOUNTS|DEBTORS: AMOUNTS|FALLING|FALLING|DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||K|K|
|Prepayments
Prepayments|and accrued income||||105,865
810|199,190
148|
||||||106.675|199.338|
|CREDITORS.'|AMOUNTS
FALLING DUE WITHIN ONE YEAR||||||
||||||2020|2019|
|||||||K|
|Bank loans and overdrafts
Accrued expenses|||Isee note 20j||13,892
68,027|13.892
88.097|
||||||81,919|101,989|
|CREDITORS:|AMOUNTS
FALLING DUE AFTER MORE THAN ONE YEAR||||||
||||||2020|2019|
||||||K|K|
|Bank loans (see note||201|||56,609|70,502|
|LOANS|||||||
|An analysis of the maturity|||of|loans
is given below;|||
||||||2020|2019|
||||||K||
|Amounts
falling due||within|ane year on demand.||||
|Bank loan 2|||||13,892|13,892|
|Amounts
falling between one and two years:|||||||
|Bank loan 2|1-2||||13.892|13,892|
|Amounts
falling due||between||two and five years.|||
|Bank loan 2|2-5 yrs||||42,717|41,677|
|Amounts
falling due||in more than five years:|||||
|Repayable
Bank loan 2|by instalments:
& 5yrs by inst|||||14,933|
##
##
|2020|2019|
|---|---|
|E|E|
|70,501|84.394|
##
||||||||Net||
|---|---|---|---|---|---|---|---|---|
||||||||movement|At|
|||||||At 1.1.20|in funds|31.12.20|
||||||||8||
|Unrestricted|funds||||||||
|General
fund||||||8.329,708|(123,617)|8,206,091|
|TOTALFUNDS||||||8.329.708|(123.617)|8.206,091|
|Net movement||in funds, included||in the above|are as follows:||||
||||||Incoming|Resources|Gains and|Movement|
||||||resources|expended|losses|in funds|
||||||E|E|E||
|Unrestricted|funds||||||||
|General
fund|||||591,492|(696,094)|(19,015)|(123,617)|
|TOTAL FUNDS|||||591,492|(696,094)|(19,015)|(123.617)|
|Comparatlves||for movement|in|funds|||||
||||||||Net||
||||||||movement|At|
|||||||At 1.1.19|in funds|31,12.19|
||||||||R||
|Unrestricted|funds||||||||
|General
fund||||||8,321,053|8,655|8,329,708|
|TOTAL FUNDS||||||8,321,053|8,655|8,329,708|
|Compara|tive|net movement
in funds, includ|ed
in the above are as follows:|||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|||||E|E|
|Unrestricted||funds||||
|General|fund||745,751|(737.096)|8,655|
|TOTALFUNDS|||745,751|(737.096)|8,655|
##
##
|||2020|2019|
|---|---|---|---|
||||E|
|INCOME AND ENDOWMENTS||||
|Donations
and legacies
Other income||227|185|
|Investment
income
Rents received
interest receivable||578,166
611|744,671
895|
|||578,777|745,566|
|Other income
Job retention scheme||12,488||
|Total incoming
resources||591,492|745,751|
|EXPENDITURE||||
|Raising donations
and
Other operating
leases
Insurance|legacies|1,236|5,460
1.377|
|Telephone
Postage and stationery
Marketing
and publicity
Bank charges
Fixtures
6, fittings dep'n
Bank interest||1,758
675
131
451
10,228|1,730
606
30.771
170
531
10,228|
|||14,479|50,873|
|Charitable
activities
Wages
Social secunty
Pensions
Other operating
leases
Rates and water||44,299
117
784
1,950
9,015|42,164
(433)
1,950
13,335|
|Insurance
Telephone
Postage and stationery
Legal and professional
fees
Bank charges
Property expenses
Foieign exchange
losses
Office services||443
628
11,114
258
489,315
(7,950(
1,369|491
618
217
57,590
437
407,640
8,097
2,403|
|Travel expenses
Other property expenses
Grants to instdutions||388
60.908
49,740|110.263
22,664|
|||662,378|667.436|
|Support costs||||
|Management
Wages
Social security
Pensions||5,535
1,022
280|3,863
755|
||||4,618|
##
|||2020|2019|
|---|---|---|---|
|Management||||
|Governance
costs
Trustees' expenses
Wages
Socialsecurity||3,458
1,107
23
56|4,996
772
152|
|Pensions
Auditors'
remuneration||6,666|6,476
390|
|Other operating
leases||89|98|
|Insurance|||323|
|Legalfees
Telephone
Printing, postage and stationery
Membership
fees
Bank charges
Fixtures & fittings dep n||126
48
790
9
28|124
43
750
12
33|
|||12,400|14,169|
|Total resources expended||696,094|737,096|
|Net (expenditure)/income|before gains and losses|(104,602)|8,655|
|Realised recognised
gains
Realised gains/(losses)
on|and losses
fixed asset investmenh|(19,015)||
|Net (expenditure)/income||(123,617)|8,655|