This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2020-12-31-accounts

				Page
Reference and Administrative		Details ofthe Company,	its Trustees and Advisers
Trustees' Report				2-5
Independent Auditors'	Report	on the Financial Statements		6-9
Statement of Financial	Activities			10
Balance Sheet				11-12
Statement ofCash Flows				13
Notes to the Financial	Statements			14 - 21

		THE AMJAD AND	THE AMJAD AND	THE AMJAD AND	SUHA BSEISU FOUNDATION	SUHA BSEISU FOUNDATION
		(A Company			Umited	by Guarantee)
REFERENCE AND		ADMINISTRATIVE	DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS
		FOR THE	YEAR		ENDED 31 DECEMBER 2020
Trustees		Amjad A N Bseisu,		Director and Trustee
		Suha RTBseisu,		Director snd		Trustee
Company	registered
number		06018191
Charity registered
number		1118545
Registered	office	Cunard House	5th	Floor
		15Regent Street
		London
		SW1Y4LR
Company	secretary	Julia Walker
Auditors		Harris &Trotter	LLP
		Statutory Auditors
		64 New Cavendish		Street
		London
		W1G STB

					Unrestricted	Total	Total
					funds	funds	funds
				Note	2020 6	2020 6	2019f
Income from:
Donations and legacies				2	860,480	860,480	1,928,207
Investments				3	11,367	11,367	107,060
Total income					871,847	871,847	2,035,267
Expenditure on:
Charitable activities:
Grants paid				4	327,963	327,963	514,038
Governance costs				5	147,092	147,092	172,221
Total expenditure					475,055	475,055	686,259
Net income before		net (losses)/gains	on
investments					396,792	396,792	1,349,008
Net (losses)/gains	on investments				(1,653,305)	(1,653,305)	1,737,254
Net (expenditure)/income					(1,256,513)	(1,256,513)	3,088,282
Net movement In	funds				(1,256,513)	(1,256,513)	3,085,262
Reconciliation of	funds:
Total funds brought		forward			11,264,599	11,264,599	8,178,337
Net movement in funds					(1,256,513)	(1,256,513)	3,085,252
Ttlfdi		fd			10,006,086	10,008,086	11,254,599

Unrestricte	Total	Total
d funds	funds	funds
2020	2020	2019
6
860,480	860,480	1,928,207
1,928,207	1,928,207

		Unrestricte	Total	Total
		d funds	funds	funds
		2020f	2020	2019f
Investment	income	11,367	11,367	83,777
Dividends	received			23,283
		11,367	11,367	107,060
Total 2019		107,060	107,050

	Grants to	Total	Total
	Institutions	funds	funds
	2020 K	2020 K	2019f
Grants paid	327,963	327,663	514,038
Total 2019	514,038	514,038

		Unrestricte	Total	Total
		d funds	funds	funds
		2020	2020	2019
		K	6	L
Staff salaries		32,242	32,242	27,146
Conference expense		74,430	74,430
Staff national	insurance	1,491	1,491
Staff pension	costs	597	597	368
Loan interest		11,300	11,300	99,595
Foreign exchange		14,167	14,167	33,269
Computer expense		2,157	2,157	2,913
Bank charges		2,520	2,520	3,176
Audit fees		8,130	8,130	5,280
Travel		58	58	474
		147,092	147,092	172,221

		Listed	Unlisted
		investments	investments	Total
		6	6	8
Cost or valuation
At 1 January 2020		11,960,097	1,081,250	13,041,347
Additions		1,656,404		1,656,404
Disposals		(2,347,879)		(2,347,879)
Revaluations		(1,440,980)		(1,440,980)
Foreign exchange	movement	(222,269)	(13,850)	(236,119)
At 31 December 2020		9,605,373	1,087,400	10,672,773
Net book value
At 31 December 2020		9,605,373	1,067,400	10,672,773
At 31December 2019		11,950,097	1,081,250	13,041,347

	2020	2019
Due within one year
Accrued income	9,353
Tax recoverable	93,750	83,250
	103,103	83,250

Bank loans (secured)
Pension fund payable
Other creditors
Accruals and deferred	income

							Balance at
		Balance at 1					31
		January				Gains/	December
		2020f	Income f	Expenditure	f	(Losses)f	2020f
Unrestricted	funds
General Funds - all funds		11,264,599	871,847	(475,055)		(1,653,305)	10,008,088
Statement of	funds - prior year
							Balance at
		Balance at					31
		1January				Geinst	December
		2019f	income f	Expenditure		(Losses)f	2019f
Unrestricted	funds
General Funds - all funds		8,178,337	2,035,267	(685,259)		1,737,254	11,264,599

										Unrestricted	Tote/
										funds	funds
										20'l9f	2019f
	Fixed asset investments									13,041,347	13,041,347
	Current assets									322,562	322,562
	Creditors due	within	one year							(2,099,310)	(2,099,310)
	Total									11,264,599	11,264,599
13.	Reconciliation	of	net movement			in funds		to net cash flow	from operating	activities
										2020 K	2019f
	Net income/expenditure			for the		period	(as per Statement		of Financial
	Activities)									(1,256,513)	3,086,262
	Adjustments	for:
	Gains/(losses)	on investments								1,653,305	(1,737,254)
	Dividends, interests		and	rents	from investments					(11,367)	(107,060)
	Decrease/(increase)		in debtors							(19,853)	169,250
	Decrease in creditors									(948,102)	(620,048)
	Net cash provided		by/(used		in) operating			activities		(582,530)	791,150

		2020	2019
		6
Cash	in hand	383,419	239,312
Total	cash and cash equivalents	383,419	239,312