## Unity Welfare Foundation
## Trustees’ report and Financial statements
For the year ended 31 March 2022
9 Whitwell Road, Plaistow London, E13 8BP www.uwf.org.uk Registered charity no: 1131928
## CONTENT
||Page|
|---|---|
|Legal and Administrative Information|1|
|About UWF|2|
|Structure: Governance and Management|4|
|Financial Review|6|
|Independent Examiner’s Report to the||
|Board of Trustees of UWF|8|
|Statement of Financial Activities|9|
|Balance sheet|10|
|Cash flow statement|11|
|Notes to the financial statements|12|
## LEGAL AND ADMINISTRATIVE INFORMATION
## **Status**
The trustees present their annual report and the financial statements for the year ended 31 March 2022 and confirm they comply with the Charities Act 2011, the trust deed and the Charities SORP.
## **Board of Trustees**
Mohammed Inham Uddin Hussain Ahmed Saiful Alom Muhammed Shayesta Miah Shamim Uddin Ahmed Shah Muhammed Anas Muhammed Moinul Haque Choudhury Mohammed Azizur Rahman
## **Registered charity number: 1131928**
## **Registered Office**
9 Whitwell Road Plaistow London E13 8BP
## **Independent Examiner**
Alamgir Hossain, ACCA
## **Bankers**
HSBC Bank Lloyds Bank NatWest Bank Barclays Bank Al Rayan Bank
Page 1 of 16
## ABOUT UWF
## **Our Objectives**
Our objectives are set to reflect our faith and community aims. Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review, the trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.
Our dual aims remain to provide a facility where Muslims can worship and to provide a community facility. Our long-term ambition is to build economically self-sustainable organization and through our community facilities and activities help make a difference in our community.
## **Our mission**
Our mission is to build model communities by creating a tension-free family through sustainable development programs that tackle the root causes of poverty.
## **What we do**
Unity Welfare Foundation UWF set up in 2009. UWF aims to help the poor especially females to overcome the suffering endured due to natural disasters, and lack of life’s basic necessities with all needy people regardless of their race, religion, gender, nationality or political opinion. Initial projects have been in Bangladesh but the plan is to take this worldwide.
We work on strategic programmes to eliminate poverty that focus upon education, skills training, healthcare, income generation projects and creating sustainable livelihoods.
These projects ensure that individuals in general and females particular can have access to basic necessities and the skills necessary to generate an income, so they are not permanently dependent on aid agencies for food and shelter.
In today’s world, females are vulnerable to exploitation of many kinds. In some areas, they resort to selling their body to support family and suffer from male dominance.
Creating successful communities is at the core of all our work UWF believes that a stable family unit is vital in ensuring the safety of vulnerable individuals and communities. UWF project aims to achieve this by providing assistance to couples to set up businesses and educating them in key social skills.
Since its inception, it has been the desire of UWF to work with other like-minded organisations. We are committed to ensuring that all donations reach those in needs, rather than being spent on administration, unless donor allow us to do so explicitly.
## **Achievements and Performance:**
## **Overseas**
Unity Welfare Foundation keeping in line with its objective prevention or relief of poverty,
Financial aid and food hampers to the needy in Bangladesh, Rohingya, during the month of Ramadaan (June/July 2021). Food and clothes packets were provided to poor families in Nepal. These projects were implemented through partners. A total of £1600 was spent.
£1000 was spent supporting the renovation of homes in Bangladesh
£575 was spent providing meat packs to refugee families in Bangladesh as Qurbani Project.
£9810 was spent as part of Medical Aid providing cataract operations to the poor and needy in Bangladesh.
Page 2 of 16
## **UK**
UWF installed food banks at the London Iqra Academy premise of 9 Whitwell Rd, E13 8BP where donors leave canned food which the needy can collect as well as pick up unwanted clothes
UWF continued to participate in Community Cohesion meetings like the previous year was continued with the local Metropolitan Police Clothe banks remained in operation, allowing locals to donate old and unwanted garments. The clothes were collected by a local firm and sent overseas.
Three investment properties were acquired for £1.093 million, generating an annual rent of £45,000 to support our existing projects.
Page 3 of 16
## STRUCTURE: GOVERNANCE AND MANAGEMENT
## **Governing document**
Unity Welfare Foundation is constituted as a charitable trust registered with the Charity Commission in September 2009 under charity number 1131928.
## **Organisational structure**
The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits. However, two trustees are also employed as staff to perform administrative and secretarial duties for the Charity.
The Board meets on a quarterly basis to review the organisation’s progress and strategy and maintain financial oversight. As a small organisation, there is a strong level of involvement of the Board in supporting UWF’s growth and development ranging from fundraising support to drafting policies and representing the organisation at external events.
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are
- reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees for the purposes of charity law who served during the year and up to the date of this report are set out on page 1.
## **Trustees Responsibility Statement**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
## **Risk Management**
The Board of Trustees has a risk management strategy which comprises:
- A quarterly review of the risks the charity may face.
- The establishment of systems and procedures to mitigate those risks identified.
- The implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
The main risks identified by the Board of Trustees in this year include:
- Reputational risk of working with other organisations or individuals which may affect our credibility amongst our diverse range of stakeholders.
Page 4 of 16
- Changes to the law on charities and campaigning. The Board is staying up to date with developments and ensuring that UWF remains compliant with requirements.
Charities Act. Initially, new trustees work with an existing trustee assisting on particular activities and projects run by the charity. After satisfactory feedback from existing trustees, they are then given the task of leading a particular activity or project, reporting progress at trustees' meetings.
## **Recruitment and appointment of trustees**
The existing trustees are responsible for the recruitment of new trustees but in so doing the trustees seek the views and recommendations of both elders and community leaders. The trustees believe this approach ensures that new trustees are respected members of the faith and local communities and ensures that good relations are fostered between the Mosque and the people of the local community that we serve.
In selecting new trustees, we seek to identify people who regularly attend events and functions organised by the charity and are willing to volunteer to help in our broader community work. Potential trustees are invited to attend trustees' meetings as observers and are given more details of the charity's aims and activities and, if all agree, they are then proposed as new trustees at the subsequent trustees' meeting. This process allows due consideration of the person's eligibility, personal competence, specialist knowledge and skills.
## **Induction and training of trustees**
## **Volunteers recruiting procedure**
Unity Welfare Foundation’s work would not be possible without the large numbers of volunteers who get involved in the day-today office activities as well as supporting at events and other activities. Volunteers are an important resource in both our faith and community work. Volunteers are involved in most of our faith and community. We encourage all members of our foundation to be involved in voluntary activities and to share their skills with others. All those volunteers working with projects involving children or other vulnerable groups are CRB checked.
## **Public benefit**
The Board of Trustees confirm that they abide by the Charity Commission’s general guidance on public benefit complying with Section 4 of the Charities Act 2011 to have due regard to public benefit in pursuance of its objectives and activities.
Following appointment, new trustees are introduced to their new role and given copies of the trust deed and a guide to the policies and procedures adopted by our charity. A number of publications from the Charity Commission are also provided including the guidance on charities and public benefit and on the advancement of religion for the public benefit. This ensures that new trustees are aware of the scope of their responsibilities under the
Page 5 of 16
## FINANCIAL REVIEW
The financial statements have been prepared in accordance with the accounting policies set out on page 12 of the attached Financial Statements and comply with applicable laws and requirements of the ‘Accounting and Reporting by Charities: Statement of Recommended Practice’ (SORP) issued by the Charity Commission.
The trustees have identified no material uncertainties that may cast a doubt on the ability of the charity to continue as a going concern.
## **Income**
The Charity’s total income for the year was £173.6k (2021: £111.6k), an increase of 56% compared to the previous financial year. The donation income has increased significantly during the financial year. The rental income has also increased by 48%.
## **Three years’ income trend (£000)**
**----- Start of picture text -----**
174
112
82
2020 2021 2022
**----- End of picture text -----**
**----- Start of picture text -----**
Income
Investment and
other income
26%
Donations
49%
Rent income
from properties
25%
**----- End of picture text -----**
## **Expenditure**
Our total expenditure for the year ended 31 March 2022 was £99.5k (2021: £145.9k). The expenditure on charitable objective was £70.2k (2021: £45.9k). Expenditure on investment properties was £27.6k in the financial year.
**----- Start of picture text -----**
Expenditure
Fundraising
2%
Property
Managem
ent
28%
Programme
70%
**----- End of picture text -----**
Page 6 of 16
Net a55ets
activities in the event of any income shortfalls to
implement long-temi strategic programmes and
The balance sheet for the charity shows a
balance of net assets of £1m 12021 £987.6k),
representing an increase of £74k in the working
capital and reserves during the financial year.
Flnancial risk
enable UWF to carry out its essential projects.
The reserve policy ensures, as far as possible,
the sustainability of charitable activities across
various sectors.
The Board of Truslees have the overall
responsibility for ensuring the Charrty has an
appropriate system of controls, financial and
otheiSe, across the entire organisation in
order to provide reasonable assurance that..
Its assets are safeguarded against
unauthorised use or disposition,
Proper records are maintained and that
financial infomiation is reliable,
The Charity compli85 Wlth relevant law5
and regulations.
The policy aims to have sufficient free resetves
to enable UVVF to cope with fluctuations and to
hold at least the equivalent of three months,
running cost of {£50k). The lolal reserves on 31
March 2022 were £1m12021'. £986k).
The accounts of the Charity were approved by
the Board ofTrustees on 27 January 2023
Tangible fixed assets
The changes in tangible fixed assets during the
period are shown in note 7 to the financial
statements.
Hussain Ahmed
Chairman
Investment pollcy
The Investment Policy of the Charity is to invest
its surplus funds and secure a loan (Quard
Hasana) from the local community to invest in
propertles that will generate income for the
Charity. The profit generated from investment
properties is utilized for a charitabl8 purposes.
Liabilitie5
The Charity had an OLrtstanding balance of
£2.55m (2021.. £1.78m) of Quard Hasana loan
from the local community. The Charity has
repaid the bounce-back loan of £50k in full to
HSBC.
Sai
ul Alom
Trustee
Reserve policy
The Trustees recognise the need lo hold
sufficient reserves lo allow protection of core
Page7 of16
## INDEPENDENT EXAMINER’S REPORT TO THE BOARD OF TRUSTEES OF UWF
I report on the accounts of the Unity Welfare Foundation for the year ended 31[st] March 2022, which are set out on pages 9 to 16.
the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
## **Respective responsibilities of Trustees and Examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(1) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
## **It is my responsibility to:**
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
In the course of my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with Section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with general Directions given by the Charity Commission.
3. this report is prepared solely for the use of Unity Welfare Foundation only. No responsibility is assumed to any other person.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and
Alamgir Hossain, ACCA
Date: 27 January 2022
Page 8 of 16
## **STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 March 2022**
|**Unrestricted**
**Funds**
**Notes**
£
**INCOME**
_Voluntary income:_
Donations
_2_
84,811
Income from investment properties
3
43,800
Other income
4
45,022
**TOTAL INCOME**
**173,633**
**EXPENDITURE**
**Costs of raising funds:**
Fundraising cost
1,736
Expenditure on investment properties
27,574
**Expenditure on charitable activities:**
UK Programme
43,173
Overseas Aid
27,002
**TOTAL EXPENDITURE**
5
**99,485**
**Net income/(expenditure) and net**
**movement in funds for the year**
**74,148**
**Reconciliation of funds:**
Total Funds brought forward
11
987,604
**Total funds carried forward**
**1,061,752**|**Restricted**
**Funds**
£
-
-
-
**-**
-
-
-
-
**-**
**-**
-
**-**|**Total**
**2022**
**£**
**84,811**
**43,800**
**45,022**|Total
2021
£
43,123
38,100
30,340|
|---|---|---|---|
|||**173,633**|111,563|
|||**1,736**
**27,574**
**43,173**
**27,002**|15,642
84,358
45,887
-|
|||**99,485**|145,887|
|||**74,148**
**987,604**|(34,324)
1,021,928|
|||**1,061,752**|987,604|
The results for the year shown above all derive from continuing operations.
All recognised gains and losses are reflected in the Statement of Financial Activities and therefore no separate statement of total recognised gains and losses has been presented.
The notes on pages 12 to 16 form an integral part of these financial statements.
Page 9 of 16
BALANCE SHEET
As at 31 March 2022
Notes
2022
2021
Restated
Fixed assgts
Tangible assets
Investment properties
1.707,456
1.680.030
1,673,566
931,948
3.387,486
2.605.514
Current assets
Debtors
Cash at bank and in hand
229,196
219,610
229,196
219,610
Credltors.. amounts falling due wilhln one year
11.5001
18,2901
Total assets less current liabillties
3,615.182
2,816,834
Creditors.. amounts falling due after more than one year
10
12.553,4301
11,829,230)
Net assets
1.061,752
987,604
The funds of the charity:
Unreslricled funds
Restricted funds
11
1,061.752
987,604
Total charity funds
1.061,752
987,604
The financ(al statements were approved by the Trustees on,, 27 January 2023 and signèd on its behalf
by..
Hussain Ahmed
Chalm)an
Saiful Alorn
Trustee
The a¢¢ompanying notes on pages 12 to 16 form an integral part of these Financial Stalemenls.
Page 10of 16
## **CASHFLOW STATEMENT For the year ended 31 March 2022**
|**Notes**
**Reconciliation of operating gain to net**
**cash inflow from operating activities**
Operating (loss) / gain
Add: Depreciation
Decrease / (increase) in debtors
(Deccrease) / increase in creditors
**Net cash inflow /(outflow) from operating activities**
**Cash flow statement**
Net cash inflow /(outflow) from operating activities
Net investment in properties
Payments to aquire tangible fixed assets
**Increase / (decrease) in cash in the year**
13
**Reconciliation of net cash flow to movement in net funds**
Increase / (decrease) in cash in the year
Net funds at 1 April 2021
**Net funds at 31 March 2022**|**2022**
**£**
**74,148**
**550**
**-**
**717,410**
**792,108**
**792,108**
**(748,082)**
**(34,440)**
**9,586**
**9,586**
**219,610**
**229,196**|2021
£
(34,324)
550
-
975,790|
|---|---|---|
|||942,016|
|||942,016
(915,064)
-|
|||26,952|
|||26,952
192,658|
|||219,610|
Page 11 of 16
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022**
## **1 Accounting policies**
## **a) Basis of accounting**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The accounting policies below have been adopted for material items.
## **b) Incoming resources**
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when UWF is entitled to the receipt and the amount can be measured with reasonable certainty. Gifts in Kind for which UWF accepts full responsibility for distribution are included in income at their market value when it is distributed and under Charitable Activities at the same value and time. The value of services provided by volunteers has not been included.
Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.
## **c) Resources expended**
Resources expended are recognised in the year in which they are incurred.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
## **d) Tangible fixed assets and depreciation**
Non-programme expenditure of more than £50 per item for buildings, equipment and leasehold improvements is capitalised at cost. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Leasehold properties Straight line over the life of the lease Freehold properties 0% straight line Computers and software 25% straight line Fixtures and fittings 10% straight line Office equipment 15% straight line Motor vehicles 15% straight line
## **e) Funds**
General funds are unrestricted funds which are necessary for the proper functioning of the charity and other funds available for use at the discretion of the trustees in furtherance of the charity’s objectives.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes.
Restricted funds are funds which are subject to specific restrictions as imposed by the donor or nature of the appeal.
## **f) Taxation**
As a registered charity, UWF is exempt from taxation of income and gains to the extent these are applied to charitable objectives.
Page 12 of 16
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022**
|**2**|**Donations**|||**Total**|Total|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|**2022**|2021|
|||£|£|**£**|£|
||Collection and Donation|44,872|-|**44,872**|22,087|
||Friday prayer collection|39,939|-|**39,939**|13,290|
||School collection|-|-|**-**|7,746|
|||84,811|-|**84,811**|43,123|
|**3**|**Rent income from investment properties**|||**Total**|Total|
|||Unrestricted|Restricted|**2022**|2021|
|||£|£|**£**|£|
||25 Carmen St|10,200||**10,200**|3,000|
||29 Hunter Road|12,000||**12,000**|13,500|
||9 Whitwell Rd|21,600||**21,600**|21,600|
|||43,800|-|**43,800**|38,100|
|**4**|**Other income**|||**Total**|Total|
|||Unrestricted|Restricted|**2022**|2021|
|||£|£|**£**|£|
||Bank deposit profit|1|-|**1**|-|
||Furlough grant income|17,717|-|**17,717**|30,340|
|||45,022|-|**45,022**|30,340|
Page 13 of 16
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022**
|**5**
**Analysis of expenditure on charitable activities**
Direct
costs
£
**Cost of generating funds**
835
**Expenditure on investment propert**
22,678
**Charitable activities**
UK Programme
11,343
Overseas Aid
12,985
**Total Charitable activities**
24,328
**Total expenditure**
**47,841**|Staff
costs
£
820
4,455
28,963
12,755
41,718
**46,993**|Support
costs
£
81
441
2,867
1,262
4,129
**4,651**|**2022**
**Total**
**costs**
**£**
**1,736**
**27,574**
**43,173**
**27,002**
**70,175**
**99,485**|2021
Total
costs
£
15,642
84,358
45,887
-|
|---|---|---|---|---|
|||||45,887|
|||||145,887|
## **5.1 Analysis of governance and support costs**
|**Governance cost**
Professional and Legal fee
**Support costs**
Telephone
Bank charge
General expenses
Depreciation
**6**
**Staff cost and number of employees**
The average monthly numbers of
employees in the UK during the year were**:**
Permanent
Volunteer (head count)
**Employment costs**
Gross Pay
Employer's national insurance|**2022**
**£**
**2,700**
**2,700**
**623**
**376**
**402**
**550**
**1,951**
**4,651**
**2022**
**Number**
**2**
**9**
**2022**
**£**
**46,993**
**-**
**46,993**|2021
£
1,500|
|---|---|---|
|||1,500
751
-
288
550|
|||1,589|
|||3,089|
|||2021
Number
2
8
|
|||2021
£
41,734
-|
|||41,734|
Salary paid to two staff are also trustees of the Charity. No employee earned more than £60,000 during the year (2021: None).
Page 14 of 16
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022**
## **7 Tangible fixed assets**
|**Cost**
At 1 April 2021
Additions
Disposals
As at 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the year
Disposals
As at 31 March 2022
**Net book values**
**At 31 March 2022**
**NBV at 31 March 2021**
**8**
**Investment properties**
29 Hunter Rd
191 Dersingham Avenue E12 5 QJ
78 Masterman Rd
189 Dersingham Avenue
27 Rutland Rd
**9**
**Creditors: amounts falling due within one year**
Salary Payable
Other creditors|**Freehold**
**Properties**
£
1,672,195
34,440
-
**1,706,635**
-
-
-
**-**
**1,706,635**
**1,672,195**|**Computers**
**& software**
£
390
-
-
**390**
390
-
-
**390**
**-**
**-**|**Fixtures &**
**fittings**
£
5,495
-
-
**5,495**
4,124
550
-
**4,674**
**821**
**1,371**
**2022**
**£**
**-**
**420,188**
**411,776**
**376,407**
**471,659**
**1,680,030**
**2022**
**£**
**-**
**1,500**
**1,500**|**Total**|
|---|---|---|---|---|
|||||£
1,678,080
34,440
-|
|||||**1,712,520**|
|||||4,514
550
-|
|||||**5,064**|
|||||**1,707,456**|
|||||**1,673,566**|
|||||2021
£
350,348
420,188
-
-
161,412|
|||||931,948|
|||||2021
£
6,790
1,500|
|||||8,290|
Page 15 of 16
## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022**
|**10**
**Creditors: amounts falling due in more than one year**
**Qard Hasanah**
Opening balance
Add: Receipt during the year
Less: Payment during the year
**Outstanding balance of Qard Hasana**
Bounceback Loan from HSBC
**11**
**Unrestricted fund balances**
**As at**
**Incoming**
**01-Apr-21**
**Resources**
**Unrestricted funds**
**£**
**£**
General fund
987,604
173,633
**Total funds**
**987,604**
**173,633**
**12**
**Net assets by funds**
Net assets
**13**
**Analysis of change in net funds**
Cash at bank and in hand|**Resources**
**Expended**
**£**
(99,485)
**(99,485)**
**Unrestricted**
**£**
1,061,752
**1,061,752**
**Opening**
**balance**
**1 April**
**2021**
**£**
219,610|**2022**
**£**
**1,779,230**
**1,355,200**
**(581,000)**
**2,553,430**
**-**
**2,553,430**
**Transfers**
**£**
-
**-**
**Restricted**
**£**
-
**-**
**Cash flow**
**movement**
**£**
9,586|2021
£
860,230
988,500
(69,500)|
|---|---|---|---|
||||1,779,230
50,000|
||||1,829,230|
||||**As at**
**31-Mar-22**
**£**
1,061,752|
||||**1,061,752**|
||||**Total**
**£**
1,061,752|
||||**1,061,752**|
||||**Closing**
**balance**
**31 March**
**2022**
**£**
229,196|
Page 16 of 16