2020-12-31-accounts - Hassanali & Jennabai Visram Foundation (Aka H & J Visram Foundation

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Mr	G Newhouse	G Newhouse	Chair
Mrs	Y Somji		Treasurer	and Charity Correspondent
Mrs	SManji		Secretary
Mr	Mohamed	Visram	Pnmary	Charity Partner Liaison and Project Identifier

				2020	2019
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	f
FIXEDASSETS
Investment property		240,000		240,000	240,000
CURRENT ASSETS
Debtors	6	4,910	234	5,144	4,510
Cash at bank		127,483	391,704	519,187	448,157
		132,393	391,938	524,331	452,667
CREDITORS
Amounts fallmg due within one year	7	(1,650)		(1,650)	(1,650)
NET CURRENT ASSETS		130,743	391,938	522,68]	451,017
TOTAL ASSETSLESSCURRENT LIABILITIES		370,743	391,938	762,681	691,017
NET ASSETS		370,743	391,938	762,681	691,017
FUNDS
Unrestricted funds				370,743	399,361
Restricted funds				391,938	291,656
TOTALFUNDS				762,681	691,017

COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
			f
INCOME AND ENDOWMENTS FROM
Donations and legacies		86,976	131,500	218,476
Investment income		9,622	531	10,153
Total		96,598	132,031	228,629
EXPENDITURE ON
Raising funds		11,960		11,960
Charitable activities
Education		22,635	14,000	36,635
Medical		6,516		6,516
Humanitarian
		28,200	11,200	39,400
Disaster relief		3,700		3,700
Total		73,011	25,200	98,211
NET INCOME		23,587	106,831	130,418
RECONCILIATION	OF FUNDS
Total funds brought	forward	375,774	184,825	560,599
TOTAL FUNDS CARRIED FORWARD		399,361	291,656	691,017
INVESTMENT PROPERTY
FAIR VALUE
At 1st January 2020
and 31stDecember 2020				240,000
NET BOOK VALUE
At 31stDecember 2020				240,000
At 31stDecember 2019				240,000

DEBTORS:AMO	UNTS FAL	LING DUE WITH	IN ONE Y	EAR
						2020	2019
							f
Loan receivable						4,060	3,660
Rent deposit						850	850
Prepayments						234
						5,144	4,510
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE				YEAR
						2020	2019
Other credttors						1,650	1,650
MOVEMENT IN	FUNDS
					Net	Transfers
					movement	between	At
			At I/I/20 I		in funds	funds f	31/12/20
Unrestricted funds
General fund			399,361		(27,595)	(1,023)	370,743
Restricted funds
Investment property	and Income	for education	69,825			(64,825)	5,000
Investment property			200,531		100,282	55,950	356,763
Kolkata House Project			18,500				18,500
Prayer Hall &School Studies			2,750				2,750
Food parcel and Ramadan Relief				50			50
Education					(1,023)	1,023
Property Investment	and Property	Expenses				8,875	8,875
			291,656		99,259	1,023	391,938
TOTAL FUNDS			691,017		71,664		762,681
Net movement in funds, included		m the above are as	follows:
					Incoming	Resources	Movement
					resources	expended	m funds
Unrestricted funds
General fund					64,979	(92,574)	(27,595)
Restricted funds
Investment property					100,282		100,282
Education						(1,023)	(1,023)
Medtcal &. Health					850	(850)
					101,132	(1,873)	99,259
TOTAL FUNDS					166,111	(94,447)	71,664

					Net
					movement	At
				At I/I/19	in funds	31/12/19
						I
Unrestricted funds
General fund				375,774	23,587	399,361
Restricted funds
Investment property	and Income for education			69,825		69,825
Investment property				100,000	100,531	200,531
Kolkata House Project				15,000	3,500	18,500
Prayer Hall & School Studies					2,750	2,750
Food parcel and Ramadan Relief					50	50
				184,825	106,831	291,656
TOTAL FUNDS				560,599	130,418	691,017
Comparative net movement		in funds, included	in the above are as foIIows:
				Incommg	Resources	Movement
				resources	expended	in funds
Unrestricted funds
General fund				96,598	(73,011)	23,587
Restricted funds
Investment property				100,531		100,531
Kolkata House Project				17,500	(14,000)	3,500
Prayer Hali &.School	Studies			13,750	(11,000)	2,750
Food parcel and Ramadan Rehef				250	(200)	50
				132,031	(25,200)	106,831
TOTAL FUNDS				228,629	(98,211)	130,418

					Net	Transfers
					movement	between	At
			At I/I/19		in funds	funds	31/12/20
					f
Unrestricted funds
General fund				375,774	(4,008)	(1,023)	370,743
Restricted funds
Investment property	and	Income for education		69,825		(64,825)	5,000
Investment property				100,000	200,813	55,950	356,763
Kolkata House Project				15,000	3,500		18,500
Prayer Hall & School Studies Food parcel and Ramadan Relief					2,750 50		2,750 50
Education					(1,023)	1,023
Property Investment	and	Property Expenses				8,875	8,875
				184,825	206,090	1,023	391,938
TOTAL FUNDS			560,599		202,082		762,681
A current year 12months		and prior year 12months	combined	net movement	m funds, included	m the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
						f
Unrestricted funds
General fund					161,577	(165,585)	(4,008)
Restricted funds
Investment property					200,813		200,813
Kolkata House Project					17,500	(14,000)	3,500
Prayer Hall & School	Studies				13,750	(11,000)	2,750
Food parcel and Ramadan		Relief			250	(200)	50
Education Medical &Health					850	(1,023) (850)	(1,023)
					233,163	(27,073)	206,090
TOTALFUNDS					394,740	(192,658)	202,082

	2020	2019
	f
INCOME AND ENDOWMENTS
Donations and legacies
Donations	155,777	218,476
Investment income
Rents received	10,052	9,337
Deposit account interest	282	816
	10,334	10,153
Total incoming resources	166,111	228,629
EXPENDITURE
Raising donations and legacies
Property expenses	777	11,960
Charitable activities
Grants to institutions	93,670	86,251
Total resources expended	94,447	98,211
Net income	71,664	130,418