2020-12-31-accounts

	Page
Legal and Administrative Information
Report ofthe Trustees
Report ofthe Auditors	7-10
Statement ofFinancial Activities
Statement ofFinancial Position	12
Statement ofCash Flows	13
Notes to the Financial Statements	14-18

Trustees and Directors	Trustees and Directors
		Naushad Nurdin	Jivraj
		Mansoor Esmail
		Salimah Currimbhoy
		Arif Pradhan
Company	Secretary	Mansoor Esmail
Registered	office	Jubilee Court
		331East Lane
		Wembley
		Middlesex
		HAO 3LB
Company	number	7051721
Charity number		1135681
Auditors		Fairman Harris
		Chartered Accountants
		1 Landor Road
		London
		SW9 9RX
Bankers		Lloyds Bank Plc
		Covent Garden Branch
		22/24 Southampton		Street
		London
		WC2E 7JB
Solicitors		Stone King LLP
		13Queen square
		Bath
		BA1 2HJ

			Unrestricted	Restricted	2020	2019
			funds	funds	Total	Total
		Notes	f.		8
INCOMING RESOURCES
Income and endowments	from:
Donations and ie acies
Grants and Donations			5,631		5,631	21,805
Ciiaritahie activities
Rental income			350,646		350,646	320,661
Other income
Miscellaneous income			3,452		3,452	3,069
Interest receivable			280		280	1,100
Gains from the revaluation	offixed assets		149,920		149,920
Total income			509,929		509,929	346,635
RESOURCES EXPENDED
Expenditure on:
Charitahie activ'ties:
(Costs ofactivities in furtherance ofthe
objects ofthe charity)
Administrative expenses			117,070		117,070	136,528
Governance costs			7,444		7,444	20,701
Financing costs			18,824		18,824	24,361
Depreciation			45,908		45,908	48,334
Total expenditure			139,246		189,246	229,924
Nct movcmcnt in funds	for the year		320,683		320,683	116,711
Balance brought forvvard			2,650,713		2,650,713	2,534,002
Total Funds as at 31December 2020			2,971,396		2,971,396	2,630,713

						2020	2019
						Total	Total
					Notes
Net cash (outflow)/inflow		from operating		activities	14	232,304	186,058
Returns on investments	and		servicing of	finance
Interest received						280	1,100
Interest paid						(18,160)	(23,798)
Net repayments ofamounts		borrowed				(31,207)	(155,637)
Cash from investment activities
Purchase offixed assets						(39,423)	(21,675)
Proceeds from sale oftangible			fixed assets				7,000
Cash flows from financing		activities
Net Proceeds from bank borrowings
Proceeds from other loans
Net (Decrease) / Increase		in	cash in the period			143,794	(6,952)
Cash at bank and in hand		at	1January			211,019	217,971
Net cash resources at31	December					354,813	211,019

							Unrestricted	$020	2019
							funds	Total	Total
									'f
	Audit fees						3,000	3,000	3,000
	Legal and professional						4444	4,444	17,701
							7,444	'/,444	20,701
6.	Net income (expenditure)
	The net incoming resources are stated			after charging the following costs:
							~Dt1 t	2020	~201
							fuun	~Tots	~otal
	Auditors' remuneration						3,000	3,000	3,000
7.	Property, plant and	equipment
	4t/I assets are heldfor	charitable pttrposes
							@Pant
		~t*t	4 1	~9c0	4	~iV otor	~ftxt tears	2020	2019
		~rertv		~ro	r	vehicles	ggg	BIn~nt	Total
	~Cos
	At 01/0I/2020			3,157,435		38,225	321,901	3,517,561	3,604,029
	Reclassification	250,880		(250,880)
	Additions			15,062			24,361	39,423	21,675
	Revaluation Disposals	149,920						149,920	~308,1431
	At 31/12/2020	4tlO	8llc	2,921,617		38.225	346,262	3,'706.904	3,517,561
	~Dci tt
	At 01/01/2020			188,685		24,986	223,332	437,003	482,893
	Charge for the year			20,965		2,648	22,295	45,908	48,334
	On disposals								(94,224)
	At 31/12/2020 ~Ct			209,650		27,634	245,627	482,911	437,003
	At 31/12/2020	400,800		2,711+67		10,591	100,635	3/23,993	3,080,558
	At 31/12/2019	250,880		2,717,870		13,239	98,569	3,080„4158	3,121,136

8. Debtors
					2020	2019
Trade receivables					19,762	16,770
Prepayments and accrued		income			2,351	2,531
					22„113	19,301
9. Cash and cash equivalents
					2020	$019
Net cash (outflow)/inflow		during	the period		143,794	(6,952)
					743,794	46,9527
10.Creditors: amounts	falling due		within	1year	2020	2019
Accruals					9,483	10,098
Bank loan due within	1year				30,002	30,555
Other payables					25,770	24,590
					65,255	65243
11.Creditors: amounts	falling due		after	more than 1year	2020	2019
Bank loan					564,268	594,922
					564,266	594,922
12,Bank Loan					2020	2019
					g	f,
Creditors include:
Amounts falling due	forpayment		after more than five years		444,260	472,702
Secured bank loans					594,270	625,477

14.Reconciliation	ofnet movement	ofnet movement	in resources to net cash flow from	in resources to net cash flow from	operating
activities.
						2020	~201
						8
Operating profit						188,643	139,409
Depreciation on	tangible	assets				45,908	¹8,334
Loss on Disposals						0	6,919
Decrease (increase) in debtors						(2,812)	(2,882)
Increase (decrease) in creditors						565	(5,722)
Net cash inflow/(outflow)		from operating		activities		232,306	l86,ll68
15.Reconciliation	offunds
				Balances at	Movement	in Resources	Balances at
				~01/D /2020	~I'	G~t'	~l/l2/2020
Unrestricted funds
General				2,650,713	509,929	(189,246)	2,971,396
						2020	2019
Represented by:
Fixed Assets						3,223,993	3,080,558
Cuizent Assets						376,926	230,320
Liabilities						(629,523)	(660,165)
						2,971,396	2,650,713

			2020			2019
INCOME
Donations and		legacies:
- Grants and Donations			5,631		21,805
				5,631			21,805
Other income
Interest receivable			280		1,100
Rent receivable			350,646		320,661
Miscellaneous	income		3,452		3,069
				354,378			324,830
				360,009			346,635
EXPENDITURE
Administrative		Expenses:
Council tax and		water rates	4,753		6,786
Light and heat			7,072		7,852
Insurance			3,901		3,527
Telephone and	fax		1,103		1,037
Computer and internet cost			255		122
Printing, postage and stationery			119		300
Salaries			48,565		48,362
Pensions			857		335
Employers NlC			696		104
Repairs and maintenance			36,338		39,341
Motor and travelling			12,340		19,850
Other charitable		activities	300		1+69
Staffwelfare			300
Loss on disposal		ofMotor Vehicles			6,919
Subscription			144
Sundry expenses			327		724
			117,070		136,528
Governance costs:
Legal &professional			4,444		17,701
Audit fees			3,000		3,000
			7,444		20,701
Finance Costs:
Bank charges			664		563
Bank loan interest			18,160		23,798
			18,824		24,361
Balances carried		forward	143,338	360,009	181,590		346,635

Ba!ances brought	forward	143,338	360,009	181,590	346,635
Depreci ntion:
Freehold property		20,965		20,965
Furniture and fixtures		22,083		23,176
Motor vehicles		2,648		3,862
Office and other	equipment	212		331
		45,908		48,334
			(189,246)		(229,924)
Surplus for the year			170,763		116,711