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|---|---|---|---|---|
|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|||||
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||||||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|
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|Unrestricte|Total|Total|
|---|---|---|
|d funds|funds|funds|
|2020|2020|2019|
|6|||
|860,480|860,480|1,928,207|
|1,928,207|1,928,207||
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|||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||
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|||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|
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|||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|
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||2020|2019|
|---|---|---|
|Due within one year|||
|Accrued income|9,353||
|Tax recoverable|93,750|83,250|
||103,103|83,250|
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|Bank loans (secured)||
|---|---|
|Pension
fund payable||
|Other creditors||
|Accruals and deferred|income|
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||||||||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|
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|||||||||||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|
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|||2020|2019|
|---|---|---|---|
|||6||
|Cash|in hand|383,419|239,312|
|Total|cash and cash equivalents|383,419|239,312|
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