REGISTERED CHARITY NUMBER: 1103676
Report of the Trustees and Financial Statements
for the Year Ended 31 March 2021
for
Women's Interfaith Network
Parker Cavendish Chartered Accountants 28 Church Road Stanmore Middlesex HA7 4XR
Women's Interfaith Network
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
Women's Interfaith Network
Report of the Trustees for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The promotion of religious harmony for the benefit of the public by facilitating and encouraging interaction and friendship among people from different faith backgrounds in order to promote understanding and appreciation of distinctive beliefs and practices and of common ground. To support and promote the establishment of local interfaith groups.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1103676
Principal address
ORT House 1st Floor, Women's Interfaith Network 126 Albert Street London NW1 7NE
Trustees
Lady G Levy G N Walker N Salmanpour (resigned 8.11.20) Dr M Mehmood (appointed 8.11.20)
Independent Examiner
Parker Cavendish Chartered Accountants 28 Church Road Stanmore Middlesex HA7 4XR
Approved by order of the board of trustees on 14 February 2022 and signed on its behalf by:
Lady G Levy - Trustee
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Independent Examiner's Report to the Trustees of Women's Interfaith Network
Independent examiner's report to the trustees of Women's Interfaith Network
I report to the charity trustees on my examination of the accounts of Women's Interfaith Network (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mervyn Beth FCCA Parker Cavendish Chartered Accountants 28 Church Road Stanmore Middlesex HA7 4XR
14 February 2022
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Women's Interfaith Network
Statement of Financial Activities for the Year Ended 31 March 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 245,910 EXPENDITURE ON Charitable activities Event costs 2,577 administration costs 2,564 Other 183,085 Total 188,226 NET INCOME 57,684 RECONCILIATION OF FUNDS Total funds brought forward 182,366 TOTAL FUNDS CARRIED FORWARD 240,050 |
2020 Total funds £ 497,603 8,361 1,292 332,125 |
|---|---|
| 341,778 | |
| 155,825 26,541 |
|
| 182,366 |
The notes form part of these financial statements
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Women's Interfaith Network
Balance Sheet 31 March 2021
| 2021 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 4 348 CURRENT ASSETS Debtors 5 6,917 Cash at bank and in hand 238,707 245,624 CREDITORS Amounts falling due within one year 6 (5,922) NET CURRENT ASSETS 239,702 TOTAL ASSETS LESS CURRENT LIABILITIES 240,050 NET ASSETS 240,050 FUNDS 8 Unrestricted funds 240,050 TOTAL FUNDS 240,050 |
2020 Total funds £ 545 6,917 183,789 190,706 (8,885) 181,821 182,366 182,366 182,366 182,366 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 14 February 2022 and were signed on its behalf by:
G Levy - Trustee
The notes form part of these financial statements
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Women's Interfaith Network
Notes to the Financial Statements
for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year/period, and also have been consistently applied within the same accounts.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost Computer equipment - 20% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
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Women's Interfaith Network
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
4.
5.
| 2021 Support staff 2 No employees received emoluments in excess of £60,000. TANGIBLE FIXED ASSETS Fixtures and Computer fittings equipment £ £ COST At 1 April 2020 and 31 March 2021 5,565 4,982 DEPRECIATION At 1 April 2020 5,565 4,437 Charge for year - 197 At 31 March 2021 5,565 4,634 NET BOOK VALUE At 31 March 2021 - 348 At 31 March 2020 - 545 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Other debtors 4,667 Prepayments & accrued income 2,250 6,917 |
2020 2 Totals £ 10,547 10,002 197 10,199 348 545 2020 £ 4,667 2,250 6,917 |
2020 2 Totals £ 10,547 10,002 197 10,199 348 545 2020 £ 4,667 2,250 6,917 |
|---|---|---|
| 348 | ||
| 545 | ||
| 2020 £ 4,667 2,250 |
||
| 6,917 |
continued...
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Women's Interfaith Network
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 7) Taxation and social security Other creditors 7. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts 8. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
2021 2020 £ £ - 1,849 1,643 340 4,279 6,696 5,922 8,885 2021 2020 £ £ - 1,849 Net movement At At 1.4.20 in funds 31.3.21 £ £ £ 182,366 57,684 240,050 182,366 57,684 240,050 Incoming Resources Movement resources expended in funds £ £ £ 245,910 (188,226) 57,684 245,910 (188,226) 57,684 Net movement At At 1.4.19 in funds 31.3.20 £ £ £ 26,541 155,825 182,366 26,541 155,825 182,366 |
2020 £ 1,849 340 6,696 8,885 2020 £ 1,849 At 31.3.21 £ 240,050 |
2020 £ 1,849 340 6,696 |
|---|---|---|---|
| 8,885 | |||
| 2020 £ 1,849 |
|||
| 240,050 | |||
| 57,684 | |||
| At 31.3.20 £ 182,366 |
|||
| 182,366 |
continued...
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Women's Interfaith Network
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 497,603 (341,778) 155,825 497,603 (341,778) 155,825 |
Incoming Resources Movement resources expended in funds £ £ £ 497,603 (341,778) 155,825 497,603 (341,778) 155,825 |
|---|---|---|
| 155,825 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.4.19 in funds £ £ 26,541 213,509 26,541 213,509 |
At 31.3.21 £ 240,050 |
|---|---|---|
| 240,050 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 743,513 (530,004) 213,509 743,513 (530,004) 213,509 |
Incoming Resources Movement resources expended in funds £ £ £ 743,513 (530,004) 213,509 743,513 (530,004) 213,509 |
|---|---|---|
| 213,509 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
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Women's Interfaith Network
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| INCOME AND ENDOWMENTS Donations and legacies Event & donations Deposit account interest Total incoming resources EXPENDITURE Charitable activities Event costs Other Wages Postage & stationery Subscriptions Rent & rates Film production & video costs Insurance Computer costs Telephone Depreciation of tangible fixed assets Support costs Management Advertising Finance Training Bank charges Governance costs Professional fees Total resources expended Net income |
2021 £ 245,795 115 245,910 245,910 2,084 69,900 814 191 7,623 102,989 669 702 - 197 183,085 457 920 180 1,100 1,500 188,226 57,684 |
2020 £ 497,425 178 |
|---|---|---|
| 497,603 | ||
| 497,603 4,664 62,431 798 298 10,805 255,025 906 516 1,149 197 |
||
| 332,125 3,661 12 176 |
||
| 188 1,140 |
||
| 341,778 | ||
| 155,825 |
This page does not form part of the statutory financial statements
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