2021-03-31-accounts - Osmani Trust

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				Page
1.	Legal And	Administrative	Information
2,	Trustees'	report		2 —22
3.	Auditors report			23-26
4.	Statement	of Financial	Activities	27
S.	Statement	of Financial	Position	28
6.	Statement	of Cashflaws		29
7.	Notes to the Financial		Statements	30-35

Directors/Trustees	Directors/Trustees	Imadul Islam (Chairperson)	Imadul Islam (Chairperson)	Imadul Islam (Chairperson)
		Sati Aminur Rahman		(Secretary)
		Shaynul Khan (Treasurer)
		Sirajul Islam
		Syed Tohel Ahmed
		Nadia Ali
		Akrom Miah
Executive	Director	Shafiur Rahman
Principal	and Registered	Osmani Centre
Office		Sg Underwood	Road
		London
		E1SAW
Auditors		Abacus Partners	(Ldn) LLP
		Statutory Auditors
		Unit A, Abbotts	Wharf
		93Stainsby Road
		London E146JL
Banker		HSBC
		1-3Bishopsgate
		London EC2N 3AQ

Welfare	fk Debt	34	162
Food bank (collectionl ~ db k(d I ~)		20 ~12	2336 142
Support	for Troubled	N/A	99
Families
No ofvolunteers		N/A	36
Total		66	2633

	other stress factors and enabled them to regain their	own personal sense ofid	entity.	entity.
	Young people within those families, because of being	on the programme, have	improved their school
	attendance and academic performance, their understanding ofonline safety, a		stronger sense of
	their own identity and increased motivation and clarification oftheir prospects.		Our young people
	now continue their journey of self-belief and self-love, allowing themselves to be open to			happiness
	and success.
~	16new families joined the ongoing family rnentoring	Increase in families getting	Early Help
	programme
	20young people and girls a accessed a range of spaces,	Young people and girls are	able to, and	do,
	activities, and social opportunities across Tower Hamlets	access a range ofspaces, activities and		social
		opportunities across Tower	Hamlets
	20families stated improvement in confidence, after	Increase in confidence in young people		and
	having received support from the project for three to	families
	four months.
	19young people and families reported better able to	Increase in resilience in young people and
	cope with problems	families
	15parents attended parenting skills course and	Parents improvement in parenting skills
	reported improvements in parenting skills after
	participation in course.
	23 young people and families that participated in the	, Increase in young people and families
	project had better awareness of local services and how	awareness of local services	and access them to
	to access them if in crisis	deal with crisis
	20families stated better environment at home	Improvement in family
		relationship/environments	for children	and
		young people

AcUvCK	2021 22	2021 22	22				2023 24	2023 24
Balance	~	Achieve	A~hi					~Ahi		t	tt
5hheetR~		~sur luslE balance	IEbalance ~Mi t t			ttt	~	balance ~Mi t t	*	it'll
	~	Maintain	tota	I Balance				total Balance		Sheet
		R gati tt	Sheet		f140K+			f160K+
		Balance Sheet					~	Build on	and
		f120K+						maintain	reserves

erves currently	stand at f8	1,313and
Total unrestricted	funds of	f81,313
Less designated Totalreserves	funds	(f0) f81,313

The minimum Requirement Requirement	reserve requirement for essential services for staff	is calculated	as follows: f80,000 f90,000
Requirement Total reserve	for other charitable requirement	expenditure	f25,000 f195,000

					Total	Total
			Unrestrbted	Restricted	2021	2020
INCOME AND EXPENDITURE			2	2	6	6
		Notes
INCOMING RESOURCES
Voluntary Income			1,000	10,120	11,120	46,305
Activities for Generating	Funds		45,110		45,110	274,833
Charitable Activities income			215,884	442,555	658,439	439,329
Other Income			75,175	7,118	82,293	7,118
Total Income			337169	459,793		767,585
RESOURCES EXPENDED
Voluntary Cost		9	4,216		4,216	1,523
Fundraising Cost		10	1,833	17,701	19,534	36,550
Chariksble Activities Cost		11	123,781	369,367	493,148	454,868
Adrrt nisirafive Cost		12	134,196	77,517	211,713	260,667
Total Resources Expended			264,025	464 585	728610	753,608
NET INCOME /DEFICIT FOR THE YEAR			73,144	(4,793)	68,351	13,977
Fund as at 1 April 2020(bipwd.)			47,636	5,776	53,412	39,435
Fund Movement		21	(39,467)	39,467
Fund as at 31 March 2021			81313	40450	121,763	53,412

				2021		2020
			f	f		f.
Cash OuNow from Operating Activiges
Operating Profit			68,351		13,977
Depreciation			18,298		21,850
(Gain)/Loss on feud asset disposal
Operating Prost Before	Working Capital	Chgs	84,649		35,827
(Increase)/Decrease in Debtors			25,843		5,597
hcrease/(Decrease) in Creditors			132,396		20,874
Cash from Operations			242,887
Net Cash Generated from Operations
Cash OuNow from Invesbnent Activilies
Purchase ofTangibu Fixed Assets			(5,331)		(5,449)
Fixed assets disposal
Net Cash inlhw/outfiow	from irwestment	Activities		(5,331)		(5,449)
Cash Outflow from Financing ActiviTies
Capital grant released				7,118	7,118
hcrease/(Decrease) ofLoaru
Net Increase/(decrease)	in Cash and Cash Equivalent			220,494		17,090
Opering Cash and Cash Equivahnts				41,873		24,783
Closing Cash and Cash Equivalents				~262367		~41873
Reconciliation:
Cash at bank snd in hand				262,367		41,873
				~262 367		41,873

8	OTHER GRANTS/DONATIONS:	OTHER GRANTS/DONATIONS:		Unrsstricted	Restricted	2021	2020
					s
	BSCommerclal Grant			63	7,118	7,181	7,118
	HMRC JRS Grants			75,112		75,112
				75,175	7,115		7,118
	Total Income			33T,16$	459,793	7$6$61	7.118
	EXPENDITURE SUSISIARY
9	VOLUNTARY COSTS: Subscriptions			Unrestricted 4,216 4,216	Rest/lctsd E	2021f 4,216 4216	2020 E~1523 1,523
10	FUNDRAISING COSTS:			Unrssiricted E	Rest/Ialsd f	2021	2020 E
	Siagcost			1,833 1,833	17701 17,701	19,534	36,550 36,550
11	CHARITABLE ACTIVITIES CDS78:			Unrestricted	Rastricted	2021	2D20
				E			E
	Salaries and wages Employer's NIC Employers Pension Training &Accredited Learning Sessional Coaahss and workshops Actilibr Costs			65,138 5,235 958 183 7,849 1,562	195,415 15.704 2,874 549 23,648 12,052	260,553 20,938 3,832 732 31,398 13,604	177,324 13,379 1,984 4,743 47,815 20,688
	Excumians			943	2,829	3,772	8,856
	Insurance			1,199	3,596	4,795	4,617
	Trawl Expenses IT &Web Expenses Building Maintenance & Facilities/ Utilities Publicity and Marketing Telephone/Internet Printing/Postage/Copying, and Stationery Equipment oosts Rellt			36 3,378 1,449 513 1,343 832 1,235 15,640	111 10,133 34,357 1,539 4,029 2,495 55,636	147 13,511 35,606 2,052 5,372 3,327 1,235 71,276	865 727 42,833 1,206 3,082 4,469 956 95,035
	Depreciation on Furniture, Fittings Cafeteda running costs		and Equipment	16,298		16,295	21,85D 1,341
	Foodbank				4,500	4,500
	Other Expenses			123,781	369,367	493,148	3,398
12	ADISINISTRATIVE COSTS:			Unrestrirried	Restricte	2021	2020
				E			E
	a) Support Corm Salarie and wages Employer's NIC Employe/s Pension Actiuties Cast			68,659 3,044 1,051 175	20,446	89,105 3,044 1,D51 175	96,062 4,9D2 1,026 2.561
	Sessional Workem						28,572
	Bank Interest and Charges Consumables			411	227	411 834	1,778 5,103
	Building Maintenance & Facilities/ ITMaintenance		Utgities	8,696	3,814 2,767	12,510 2,767	9,894 149
	Emnts &Campaigns Printing/Postage/Copying, Equipment Publicity and Marketing Telephone/Fsx/Internet Loan Interest	and Statione/7		1,426	681 1,100	681 1,100 1,426	312 915 1,684 335 631 2,856
	Rent &Senice Charges Stslf Training Depreciation on Furniture, Fittings Legal 8 Pmlessional Fees		and Equipment	3,338	14,599	14,599 3,338	19,465 541 2,708
				87,407		131,041	179,294
				32

	b) Governance Cosh;	b) Governance Cosh;	b) Governance Cosh;
	Salaries and wages					12,243	6,257	18,500	18,500
	Employer's	NIC and	Pension			2,407		2,407	2,419
	Recruitment	8,CRB				652		652	1,681
	Insurance					982		982	946
	Payroll Senfces					1,100		1,100	1,100
	Bookkeeping and Accountancy					2,400		2,400	2,400
	Audit Fees					3,600		3,600	3,600
	Consultancy	and Professional		fees		23,210	27,625	50,835	50,000
	Meefing expenses/Refreshment					195		195	727
						46,789	33,882	80,672	81,373
						134196	77,517	211,713	260,667
	Total Expenses					264,025	464,585	728,610	~753608
13	PROJECT	tNCOME	SUMEIARY:					2021	2020
						Unrestricted	Restricted	Total	Total
						Income	Income	Income	Income
						6	6	6	6
	Aasha					170,403	208,330	378,733	277,333
	Education	and Employment		Project		7,014	52,360	59,374	101,231
	Shaathi Mentoring		Project			3,467	65,864	69,331	67,830
	OC Acfixa					110	2,250	2,360	50,690
	Osmani Centre and		Central	Income		156,176	130,988	287,164	270,502
						337,169	459,793	796,961	767,585
14	PROJECT	EXPENSES SUMMARY:						2021	2020
						Unrestricted	Restricted	Total	Total
						Expenses f	Expenses 6	Expenses F.	Expenses 6
	Aasha					71,289	196,028	267,317	169,422
	Education	and Errployment		project		27,548	66,026	93,575	112,223
	Shaathi Mentcring		Project			29,226	57,863	87,088	123,013
	OC Active					17,247	28,051	45,298	63,569
	Osmani Centre and		Central	Expenses		118,715	116,617	235,331	285,381
						264,025	464,585	728,610	753,608
15	RESTRICTED FUND MOVEMENT:				Opening				Closing
					Balance	Incorriing	Resources	Adjustment	Balance
					01.04.2020	Resources	Expended	Fund Transfer	31,03.2021
							5	5	6
	Aasha					208,330	196,028		12,302
	Education	and Employment		Project		52,360	66,026	13,666
	Shaathi Menloring		Project			85,864	57,863		8,001
	OC Acfive					2,250	28,051	25,801
	Osmani Centre and Central			Income	5,776	130,988	116,617		20,147
					5,776	459,793	464,585	39,467	40,450

										Land	and	buildings
										2021		2020
										6		8
							Under one year			114,500		114,500
							Between 2-5years
							More than 5years
Analysis of		changes	in net	debt
The	analysis	below serves as		a nels	tn Ihs cash fiow 9)sbment
						Newaoel	New	Fa) vah	F	bneachanls		Im*rnon-	nl end
		o)year		C e0		nshaah»u		anvalamn		m	n	oahchandes	oiyeer
			0	0		l				l		l	0
Cosh			41,073	220,494									262,367
cash	saa)vs lash
OverdraIhdly
Toss)	ush		41,073	220,404
Loons	I year		)34,140)	10,847									(14,293)
Loans	I year		143.»3)		4,133								(392ad)
F no ate I vases
7 I llmwowlhlla			77473	24,180									03,2»
			)36,600	244,674									209,074