2022-02-28-accounts - Madaniyah Foundation

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

		Notes	Unrestricted	Restricted	2022	2021
			Funds	Fund	Total	Total
Income
Donations
Donations and legacies			132,809		132,809	54,562
Charitable activities
Charitable activities						6,129
Investment income		2	8,183		8,183	16,800
Unrealized Gain on Fixed Asset						300,000
Total income
			140,992		140,992	377,491
Expenditure
Raising funds			2,991		2,991	3,471
Charitable activities
Support Costs			2,650		2,650	1,610
Charitable activities			49,956		49,956	10,634
Other						1,370
Total			55,596		55,596	17,085
Net income			85,396		85,396	360,406
RECONCILATION	OF FUNDS
Total funds brought		forward	1,195,830		1,195,830	835,424
TOTAL FUNDS CARRIED FORWARD			1,281,226		1,281,226	1,195,830

	Notes	2022	2021
		Total	Total
Fixed assets
Tangible assets Investment Property		528,474 500,000	528,518 500,000
		1,028,474	1,028,518
Current assets
Cash at bank		398,630	478,508
CREDITORS
Amounts falling due within one year		(2,650)	(144,678)
NET CURRENT ASSETS		395,980	333,830
TOTAL ASSETS LESSCURRENT LIABILITIES		1,424,454	1,362,348
CREDITORS
Amounts falling due after more than one year	10	(143,228)	(166,518)
Net assets		1,281,226	1,195,830
FUNDS	13
Unrestricted funds Restricted funds		1,278,684 2,542	1,193,288 2,542
Total funds		1,281,226	1,195,830

EXPENDITURE ON
Raising funds		3,471		3,471
Charitable activities
Support costs		1,610		1,610
Charitable activities		10,634		10,634
Other		1,370		1,370
		17,085		17,085
NET INCOME		357,864	2,542	360,406
RECONCILIATION OF	FUNDS
Total funds brought forward TOTAL FUNDS CARRIED FORWARD		835,424 1,193,288	2,542	835,424 1,195,830

Fixed Assets	Freehold	Plant &	Total
Cost	property	Machinery
At 28 February 2021	528,296	3,121	531,417
Additions
At 28 February 2022	528,296	3,121	531,417
Depreciation
At 28 February 2021		2,899	2,899
Charge for the year			44
At 28 February 2022		2,943	2,943
Net book values
At 28 February 2022 At 28 February 2021	528,296 528,296	178 222	528,474 528,518

Notes to the Financial St	Notes to the Financial St	Notes to the Financial St	atements -continued	atements -continued	atements -continued
9.CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR			28.2.22	28.2.21
Other loans (see note 11) Accrued expenses						2,650	143,228 1,450
						2,650	144,678
10.CREDITORS:		AMOUNTS		FALLING DUE AFTER MORE THAN
ONE YEAR
Bank loans (see note 11)							143,228
11.LOANS
An analysis ofthe		maturity	of loans is given		below
Amounts falling		due in more than five
years:
Karzi Hasana							143,228
12.MOVEMENT	IN FUNDS					Net
					At	Movement	At
					01-03-2021	in Funds	28-02-2022
Unrestricted		funds
General fund					893,288	85,396	978,684
Revaluation	reserve				300,000		300,000
					1,193,288	85,396	1,278,684
Restricted Funds
Restricted fund					2,542		2,542
					1,195,830	85,396	1,281,226

INCOME AND ENDOWMENTS	INCOME AND ENDOWMENTS	28-02-2022	28-02-2021
Donations and legacies		E	F
Donations		95,388	54,562
Investment income
Rents received		8,183	16,800
Charitable activities
Grants		37,421	6,129
Unrealised Gain on Fixed Asset
Gain on revaluation	ofassets		300,000
Total incoming resources		140,992	377,491
EXPENDITURE
Raising donations	and legacies
Subcontractor		2,991	3,471
Charitable activities
Rates and water		6,734	1,179
Light and heat		3,334	2,004
Insurance		1,104	0
Postage and stationery			217
Salaries		5,562	0
School expenses		12,614	1,448
IT maintenance cost			1,330
Repairs 8 renewals		16,833	0
Travelling costs			1,000
Plant and machinery			56
Bank loan interest		3,268	3,273
		49,494	10,507