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|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|
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|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|
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|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|
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|||||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|
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||||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|
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|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||||
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|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||||
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|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|
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|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|
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||||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|
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|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|
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|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||