| Trustees | Mr S Suresh | |||
|---|---|---|---|---|
| Mr P Navendran | ||||
| Mr R Sritharan | ||||
| Mr S Selvendran | ||||
| Mr P Niranjan | ||||
| Mr S Dawned | ||||
| Mr M TSelvarajah | ||||
| Mrs A Vimaladasa | ||||
| Charity | number | 1103602 | ||
| Principal | address | 183 | ||
| Burnt Oak Broadway | ||||
| Edgware | ||||
| Middlesex | ||||
| HA8 SEH | ||||
| Auditor | RehncyShaheen | Chartered | Accountants | |
| 1276/1278 Green | ford Road | |||
| Greenford | ||||
| Middlesex | ||||
| UB6 OHH |
| Page | |||
|---|---|---|---|
| Tlllstecs | report | 1-13 | |
| Statement | oftrustees' | responsibilities | 14 |
| Independent auditor's |
report | 15-16 | |
| Statement | offinancial | activities | 17 |
| Statement | offinancial | position | 18 |
| Notes to the financial | statements | 19-27 |
| Plans for future periods |
|---|
| Plans- Short Term |
| The trustees conrad ertwo to three years us short term, and intent( to carry out the following tasks. 1.Continue to manage the Charity as efficien as possible by improving the commuoity and social activities. 2, Enhance the structure ofthe Charity by involving more youths who have completed either Diploma grade or Post Diploma grade in their chosen subjective. 3.Develop plan for future ofthe Charity considering/ nominating additional second-generation Trustees with due care. 4. Develop a Enancial plan and strategy for the purchase ofa &ee-hold property which will meet the Charity's administration and logistical ncert 5. Continue with current charitable activities considering the social impact on the community in the UK as well as other countries where OFAAL has vested interest. |
| 6. Develop comprehensive training program for newly Diploina or Post-Diploma passed out young musicians to become properly tmined examiners, since the Trustees firmly believe, that they are future ofOFAAL. 7.Aim to have lass than 20students in every Tamil classes conducted by OFAAL Tamil and Fine Arts School. 8. Aim to have at kast four fine art teachers for avery &ne art subjects (Vocal, Violin, Veena, Flute, keyboard, and percussion instrument) |
| 9,Makes the OFAAL Tamil &Fine Arts School opemtion to be the number one Tamil &Fine arts school in the UK. 10.To recruit a permanent staff during 2021 who hss the knowledge offine arts music subjects and the relevant markeL The trustees believe that this appoinnnent will ct'cate and pmmote the awareness of the extra benefits attached with the cogaboration with RSL and to deal with the passible extm demand that ofqual accredited corti&rates and ucss points will bring to OFAAL. |
| Plans - Medium Term |
| The trustees consider three to six years as medium term, and intend to carry out the following tasks. I.Continue to inanage the charity as efficien as possible and impmve community and social activities. 2.Continue to unpmve the Charity's youth organisation and promote youth activities. 3, Devise a plan to work with external UK educational system whereby OFAAL's Diploma or Post-Diploma qualifications are recognised forUCAS (Universities and Colleges Administration Service) points. 4. Expand the other geographical area within UK snd mainland European countries, where OFAAL does not conduct examination. |
| 5. Open another OFAAL Tamil and Fine Arts school operation into Greenford & Southall area where Tamils and South Asian people live predominantly |
| Plans - Long Term |
| The trustees considerbeyond six years as long term snd intend to carry out the following tasks. 1. Purchase a hue*old land where OFAAL could build a performance hall to conduct music programs and graduation ceremony. |
| 2. Continue to manaus the Charity m efficient as possible. 3.Msmtam ahigh standard by which OFAAL will be well known in the warM, 4, Active yonths are trained through whom OFAAL activities (independent exmnination as well Tiunil &Fine arts School) are |
| 5.Identify fully trained, efficient and trust worthy youths to whom the OFAAL operations can be handed over. |
| Structure, governance and management |
| Oriental Fine Arts Academy ofLondon isa charity established in England. The principal address is 183Burnt Oak Broadway, |
| The Charity is an unincorporated charity formed under a constitution under a deed dated 5th May 2004, which was adopted on 9th Deceinber 2000 and. as amended on 28th February 2004, 21st October 2011, and 10th November 2012. It has been registered with the Charity Commission under reference 1103602 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2020 | 2019 | |||
| Income from: | Notes | g | ||
| Charitable activities |
||||
| Investments | 146,639 | 384,502 | ||
| 1 | 6 | |||
| Total income | ||||
| 146,640 | 384,508 | |||
| ~s* dd |
||||
| Charitable activities |
5 | 130,633 | 349,213 | |
| Net income for the year/ | ||||
| Net incoming | resources | 16,007 | 35,295 | |
| Other recognised gains and losses |
||||
| Other gains or | losses | 7,420 | (2,799) | |
| Net movement | in funds | |||
| 23,427 | 32,496 | |||
| Fund balances at 1 January 2020 | 584,898 | 547,289 | ||
| Fund balances | at 31December 2020 | 608,325 | 584,898 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Fixed assets | ||||||||
| Intangible assets Tangible assets |
10 11 |
5,784 494,672 |
495,085 | |||||
| Current assets |
500,456 | 495,085 | ||||||
| Debtors Cash at bank and in |
hand | 12 | 5,974 219,555 |
3,813 149,364 |
||||
| Creditors: amounts | falling due within | one | 225,529 | 153,177 | ||||
| year | 13 | (117,660) | (63,364) | |||||
| Net current assets | ||||||||
| 107,869 | 89,813 | |||||||
| Total assets Jess current liabilities | 608,325 | 584,898 | ||||||
| Income funds | ||||||||
| Unrestricted funds |
||||||||
| 608,325 | 584,898 | |||||||
| 608,325 | 584,898 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| g | ||||
| Services Income |
provided to students from Tamil School |
122,699 | 341,271 | |
| 23,940 | 43,231 | |||
| 146,639 | 384,502 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2020 | 2019 | ||
| 6 | |||
| Interest | receivable |
| Expenditure | Expenditure | ||
|---|---|---|---|
| on charitable | on charitable | ||
| activities | activities | ||
| 2020 | 2019 | ||
| Examination costs Teachers' and examiners' expenses Volunteers expenses Venue hire Tamil school books Special training- fine arts teaching Tamil school travel gt subsisitence |
14,981 57,315 2,341 9,024 563 |
38,226 132,612 6,334 54,478 1,873 30,100 |
|
| 85,109 | 263,623 | ||
| Share ofsupport costs (see note 6) Share ofgovernance costs (see note 6) |
28,419 17,105 |
81,740 3,850 |
|
| 130,633 | 349,213 |
| 6 | Support costs | ||||||
|---|---|---|---|---|---|---|---|
| Support costs | Governance | 2820 | Support costs | Governance | 2019 | ||
| costs | costs | ||||||
| g | |||||||
| StafFcosts Depreciation Advertising Computer costs Travel |
7,575 1,859 |
7,575 1,859 |
16,470 550 606 23 |
16,470 550 606 23 |
|||
| Bank charges Office costs Function costs Website costs Premises costs Sundry expenses |
2,658 4,149 88 5,089 6,335 666 |
2,658 4,149 88 5,089 6,335 666 |
3,696 4,438 7,650 4,656 7,608 35,536 507 |
3,696 4,438 7,650 4,656 7,608 35,536 507 |
|||
| Audit fees Legal and professional |
3,600 13,505 |
3,600 13,505 |
3,600 250 |
3,600 250 |
|||
| 28,419 | 17,105 | 45,524 | 81,740 | 3,850 | 85,590 | ||
| Analysed between |
|||||||
| Charitable activities |
28,419 | 17,105 | 45,524 | 81,740 | 3,850 | 85,590 |
| Employment | costs | ||
|---|---|---|---|
| 2020 | 2019 | ||
| f | |||
| Wages and salaries | |||
| Other pension | costs | 7,107 | 16,089 |
| 468 | 381 | ||
| 7,575 | 16,470 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2020 | 2019 | ||||
| Foreign exchange (gains)/losses | |||||
| (7,420) | 2,799 | ||||
| 10 | Intangible | fixed assets | |||
| Website cost | |||||
| Cost | f | ||||
| At 1 January | 2020 | ||||
| Additions - |
separately | acquired | |||
| 7,230 | |||||
| At 31December 2020 | |||||
| 7,230 | |||||
| Amortisation | and impairment | ||||
| At 1 January | 2020 | ||||
| Amortisation | charged for the year | ||||
| 1,446 | |||||
| At 31December 2020 | |||||
| 1,446 | |||||
| Carrying amount |
|||||
| At 31 December 2020 | |||||
| 5,784 | |||||
| At 31December 2019 |
| 11 | Tangible fixed assets | ||||||
|---|---|---|---|---|---|---|---|
| Freehold land | Fixtures and | Computers | Total | ||||
| and buildings | fittings | ||||||
| Cost | |||||||
| At 1 January 2020 | 493,339 | 2,200 | 2,617 | 498,156 | |||
| At 31 December 2020 | 493,339 | 2,200 | 2,617 | 498,156 | |||
| Depreciation and impairment |
|||||||
| At I January 2020 Depreciation charged |
in the | year | 550 413 |
2,521 | 3,071 413 |
||
| At 31December 2020 | 963 | 2,521 | 3,484 | ||||
| Carrying amount |
|||||||
| At 31December 2020 | 493,339 | 1,237 | 96 | 494,672 | |||
| At 31December 2019 | 493,339 | 1,650 | 96 | 495,085 | |||
| 12 | Debtors | ||||||
| Amounts falling due within |
one year: | 2020 g |
2019 K |
||||
| Trade debtom | |||||||
| Other debtors | 5,174 | 1,953 | |||||
| 800 | |||||||
| Prepayments and accrued income |
|||||||
| 1,860 | |||||||
| 5,974 | 3,813 | ||||||
| 13 | Creditors: amounts falling |
due within one year | |||||
| 2020 | 2019 | ||||||
| Notes | f | ||||||
| Other taxation and social security Deferred income Other creditors |
14 | 113 61,886 |
1,292 8,897 |
||||
| Accruals and deferred income | 1,135 54,526 |
4,649 48,526 |
|||||
| 117,660 | 63,364 |
| 2020 | 2019 |
|---|---|
| 61,886 | 8,897 |