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2021-02-28-accounts

Page
Report ofthe Trustees 1 to 7
Statement ofTrustees' Responsibilities
Independent
Examiner's
Report
Statement
ofFinancial		 Activities 10
Balance Sheet 11 to 12
Notes to the Financial Statements 13 to 19
Detailed Statement
of		 Financial Activities 20 to 21

for the Y ear Ended 28 February 2021
Penod
2/3/19
Year Ended to
28/2/21 29/2/20
Unrestricted Restricted Total Total
funds fund funds funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies 52,020 2,542 54,562 87,595
Charitable activities
Charitable activities 6,129 6,129
Investment income 2 16,800 16,800 16,800
Unrealised Gain on Fixed Asset 300,000 300,000
Total 374,949 2,542 377,491 104,395
EXPENDITURE ON
Raising funds 3,471 3,471 6,760
Charitable activities
Suppori costs 1,610 1,610 900
Charitable activities 10,634 10,634 28,498
Other 1,370 1,370
Total 17,085 17,085 36,158
NET INCOME 357,864 2,542 360,406 68,237
RECONCILIATION OF FUNDS
Total funds brought forward 835,424 835,424 767,187
TOTAL FUNDS CARRIED FORWARD 1,193,288 2,542 1,195,830 835,424

Balance Sheet
28 February
2021
28.2.21 29.2.20
Notes
FIXEDASSETS
Tangible
assets		 528,518 673,798
Investment
property		 500,000
1,028,518 673,798
CURRENT ASSETS
Cash at bank 478,508 472,212
CREDITORS
Amounts
falling due within		 one year (144,678) (144,068)
NET CURRENT ASSFTS 333,830 328,144
TOTAL ASSETS LESSCURRENT
LIABILITIES 1,362,348 1,001,942
CREDITORS
Amounts
falling due after more than one year		 10 (166,518) (166,518)
NET ASSETS 1,195,830 835,424
FUNDS 13
Unrestricted
funds		 1,193,288 835,424
Restricted
funds		 2,542
TOTAI. FUNDS 1,195,830 835,424

Period
2/3/19
Year Ended to
28/2/21 29/2/20
Rents received 16,800 16,800
VET INCOME/(EXPENDITURE)
Nct income/(expenditure) is stated after charging/(crediting):
Period
2/3/19
Year Ended to
28/2/21 29/2/20
13epreciation —owned assets 56 69

Unrestricted Restricted Total
funds fund funds
INCOME AVD ENDOWMENTS FROM
Donattons and legacies 87,595 87,595
Investment income 16,800 16,800
Total 104,395 104,395
EXPEVDITURE ON
Raising funds 6,760 6,760
Charitable activities
Support costs 900 900

CON PARATIVES
continued		 FO R THE STATEMENT OF F INANCIAL ACTIVITIES 28TH FEB20 20-
Unrestricted Restricted Total
funds fund funds
f.
Charitable
activities		 28,498 28,498
Total 36,158 36,158
NET INCOMF, 68,237 68,237
RECONCILIATION OF FUNDS
Total funds brought forward 767,187 767,187
TOTAL FUNDS CARRIED FORWARD 835,424 835,424
KEY MANAGEMENT PERSONNEL

7. TANGIBLE FIXEDASSETS TANGIBLE FIXEDASSETS
Freehold Plant and
property machinery Totals
COST
At
1 March 2020		 673,520 3,121 676,641
Additions 54,776 54,776
Reclassification (200,000) (200,000)
At 28 February 2021 528,296 3,121 531,417
DEPRECIATION
At
l March 2020		 2,843 2,843
Charge for year 56 56
At 28 February 2021 2,899 2,899
NET BOOK VALUE
At 28 February 2021 528,296 222 528,518
At 29 February 2020 673,520 278 673,798
INVESTMENT PROPERTY
FAIR VALUE
Revaluation 300,000
Reclassittcation 200,000
At 28 February 202 I 500,000
NET BOOK VALUE
At 28 February 2021 500,000
At 29 February 2020

9. CRFDITORS: AMOUNTS FALLING DU E WITHIN ONE YEAR
28.2.21 29.2.20
Other loans (see note 11)
Accrued expenses		 143,228
1,450		 143,228
840
144,678 144,068
10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.21		 29.2.20
Baal& loans (see note 11) 166,518 166,518
11. LOANS
An analysis ofthe maturity ofloans is given below:
28.2.21 29.2,20
Amounts
falling due within
Karzi Hasana		 one year on demand: 143,228 l43,228
Amounts
I'ailing due in more than five years:
Repayable
by instalments:
Bank loans more 5 yr by instal		 166,518 166,518
The bank loan is secured on the investment property.
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS 28.2.21 29.2.20
Unrestricted Restricted Total Total
funds fund funds funds
Fixed assets 528,518 528,518 673,798
Investments 500,000 500,000
Current assets 475,966 2,542 478,508 472,212
Current
liabilities		 (144,678) (144,678) (144,068)
Long term liabilities (166,518) (166,518) (166,518)
1,193,288 2,542 1195,830 835,424

MOVEMENT
IN FUNDS
Net
movement At
At I/3/20 in funds 28/2/21
Unrestricted
funds
General
fund
Revaluation
reserve		 835,424 57,864
300,000		 893,288
300,000
835,424 357,864 I 193288
Restricted funds
Ristricted
fund		 2,542 2,542
TOTAL FUNDS 835,424 360,406 1,195,830
Net movement
in funds, included		 in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted
funds
General
lund
Revaluation
reserve		 74,949
300,000		 (17,085) 57,864
300,000
374,949 (17,085) 357,864
Restricted
funds
Restricted fund 2,542 2,542
TOTAL FUNDS 377,491 (17,085) 360,406
Comparattves
for movement		 in funds
Net
movement At
At 2/3/19 in funds 29/2/20
Unrestricted
funds
General
fund		 767,187 68,237 835,424
TOTALFUNDS 767,187 68,237 835,424

Incoming Resources Movement
resources expended tn funds
Unrestricted funds
General fund 104,395 (36,158) 68,237
TOTAL FU DS 104,395 (36,158) 68,237

for the Year End e d 28 February
2021
Period
2/3/19
Year Ended to
28/2/21 29/2/20
INCOME AND ENDOWMENTS
Donations
and legacies
Donations 54,562 87,595
Investment
income
Rents received 16,800 16,800
Charitable
activities
Grants 6,129
Unrealised
Gain on		 Fixed Asset
Gain on revaluation ofassets 300,000
Total incoming
resources		 377,491 104,395
EXPENDITURE
Raising donations and legacies
Subcontractor 3&471 6,760
Charitable
activities
Rates and water 1,179 1,222
Light and heat
Telephone		 2,004 3,052
247
Postage and stationery 217
Sundries
School expenses
IT maintenance
cost
Repairs &renewals		 1,448
1,330		 2,786
2,834
452
14,118
Travelling
costs
Plant and machinery		 1,000
56		 69
Bank loan interest 3273 3,522
10,507 28,302

for the Ye ar Ended 28 February
2021
Period
2/3/l 9
Year Ended to
28/2/21 29/2/20
Charitable activities
Other
Donation to other charities 1,370
Support costs
Finance
Bank charges 127 i96
Governance costs
Accountancy fees 1,610 900
Total resources expended 17,085 36,158
Net income 360,406 68,237