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