| Trustees' report | |
|---|---|
| Legal and administrative details |
|
| Trustees' responsibilities statement |
|
| Independent auditor's |
report |
| Statement offinancial | activities |
| Balance sheet | |
| Cash floiv statement | |
| Notes to the cash floiv | statement |
| Accounting policies |
|
| Notes to the financial | statemeuts |
| Note | Unrestricted | Unrestricted | |
|---|---|---|---|
| Total funds | Total funds | ||
| 2020 | 2019 | ||
| g | |||
| INCOME FROM: | |||
| Donations | 1,500,000 | 3,000,000 | |
| lnvestmcnt income |
4,413 | 1,809 | |
| TOTAL INCO MF. | 1,504,413 | 3,001,809 | |
| EXPENDITURE ON: | |||
| Charitable activities |
1,187,090 | 2,054,120 | |
| TOTAL EXPENDITURE | 1,187,090 | 2,054,120 | |
| NET INCOME FORTHE YEAR AND NET | |||
| MOVKMKNT OF FUNDS | 317,323 | 947,689 | |
| TOTAL FUNDS brought forward at I August | 1,179,486 | 231,797 | |
| TOTAL FUNDS carried forward at 31July | 1,496,809 | 1,179,486 |
| Note | 2020 | 2019 | |||
|---|---|---|---|---|---|
| CURRENT | ASSETS | ||||
| Debtors | 19,396 | ||||
| Cash at bank | and in hand | 1,716,699 | 1,575,189 | ||
| 1,716,699 | 1,594,585 | ||||
| CREDITORS: amounts | falling due ivithin | ||||
| one year | (219,890) | (415,099) | |||
| NLrT CURRENT ASSLrTS | 1,496,809 | 1,179,486 | |||
| TOTAL ASSETSLESS | CURRENT | ||||
| LIABILITIES | 1,496,809 | 1,179,486 | |||
| FUNDS | |||||
| Unrestricted | funds | 1,496,809 | 1,179,486 |
| Note | 2020 | 2019 | |||
|---|---|---|---|---|---|
| Net cash inflow from operating | activities | 141,510 | 1,240,673 | ||
| Increase in cash | 141,510 | 1,240,673 | |||
| Reconciliation ofnet cash fluw to movement | in net funds | ||||
| 2020 | 2019 | ||||
| Increase in cash in the year | 141,510 | 1,240,673 | |||
| Change in net fuuds resulting from cash flows |
141,510 | 1,240,673 | |||
| Net funds at I August 2019/2018 |
1,575,189 | 334,516 | |||
| Net funds at 31July 2020/2019 | 1,716,699 | 1,575,189 |
| 2020I | 2019 | ||||
|---|---|---|---|---|---|
| a. RECONCILIATION | OF NET INCOMING RESOURCES TO | ||||
| NET CASH INFLOW FROM | OPERATING ACTIVITIES | ||||
| Net incoming resources |
317,323 | 947,689 | |||
| Decrease in debtors | 19,396 | 96,543 | |||
| (Decrease)/Increase in |
creditors | (195,209) | 196,441 | ||
| Net cash inflow from operating | activities | 141,510 | 1,240,673 | ||
| b. ANALYSIS OFNET | FUNDS | Increase | |||
| 2019 | in year | 2020 | |||
| Cash fund deposit and | at bank | 1,575,189 | 141,510 | 1,716,699 |
| FNI ORMATION REGARDI | NG EMPLOYEES AND TRUSTEES | ||
|---|---|---|---|
| 2020 | 2019 | ||
| No | No | ||
| Average number ofemployees | during the year heing thc full time | ||
| equivalent for part time staff |
1.9 | 2.2 | |
| Total remuneration costs |
168,839 | 176,764 |
| Analysis ofstaff costs | Analysis ofstaff costs | 2020 | 2019 |
|---|---|---|---|
| Salaries and wages | 139,519 | 149,890 | |
| Pension costs | 11,873 | 11,935 | |
| NI costs | 16,836 | 14,316 | |
| Apprenticeship | levy | 611 | 623 |
| Total | 168,839 | 176,764 |
| 2020 | 2019 | ||
|---|---|---|---|
| Malaysian | Ministry ofEducation | 1,500,000 | 3,000,000 |
| 1,500,000 | 3,000,000 | ||
| The income for the years ended 31 July 2020 and 31 July 2019was all unrestricted. |
| CHARITABLE ACTIVITIES | ||
|---|---|---|
| 2020 | 2019 | |
| Unrestricted | Um'estrictcd | |
| Direct costs | ||
| Promotion; | ||
| -main projects | 944,047 | 1,309,828 |
| Grant to MCSC | 500,000 | |
| 944,047 | 1,809,828 | |
| Support costs | ||
| Rent and rates | 3,540 | 5,713 |
| Property costs | 19,392 | 18,631 |
| Salaries - administration | 157,955 | 165,868 |
| Office expenses | 11,176 | 7,748 |
| Travel | 773 | 663 |
| Telephone, postage and couriers | 1,901 | 3,347 |
| Legal fees | 25,621 | 20,091 |
| Bank charges | 845 | 895 |
| Governance costs (note 4) |
21,840 | 21,336 |
| 243,043 | 244,292 | |
| 1,187,090 | 2,054,120 |
| 2020 | 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||||||
| Auditor's | remuneration | - | fcopayable | to | thc | Trust's | auditor | 10,956 | 10,440 |
| Tl'Casurcl' | 10,884 | 10,896 | |||||||
| 21,840 | 21,336 |
| DEBTORS:AMOUNTS FALLING DUE WITH | IN ONE YKAR | |
|---|---|---|
| 2020 | 2019 | |
| Prepayinent | 19,396 | |
| 19,396 |
| CREDIT | ORS: AMOUNTS FALLING DUE WIT | HIN ONE YEAR | |
|---|---|---|---|
| 2020 | 2019 | ||
| Trade creditors | 71,087 | 148,564 | |
| Accmals | 11,007 | 22,440 | |
| Inter-trust | creditor | 137,796 | 244,095 |
| 219,890 | 415,099 |
| COMPARATIVE STAT | EMENT | OF FINANCIAL ACTIVI | TIES | |
|---|---|---|---|---|
| Unrcstrictcd | Unresttdcted | |||
| total funds | total funds | |||
| 2019 | 2018 | |||
| INCOME FROM; | ||||
| Donations | 3,000,000 | 149,933 | ||
| lnvestmcnt income |
1,809 | 585 | ||
| TOTAL INCOME | 3,001,809 | 150,518 | ||
| EXPENDITURE ON: | ||||
| Charitable activities |
2,054,120 | 1,977,710 | ||
| TOTAL EXPENDITURE | 2,054,120 | 1,977,710 | ||
| NKT INCOME (EXPENDITURE) | FOR THE | |||
| YEAR AND NKT MOVEMENT | OFFUNDS | 947,689 | (1,827,192) | |
| TOTAL FUNDS brought | forward | at I August | 231,797 | 2,058,989 |
| TOTAL FUNDS carried | forward | at 31July | 1,179,486 | 231,797 |