| Page | ||||||
|---|---|---|---|---|---|---|
| Reference and Administrative | Details ofthe Charitable | company, | its Trustees and | |||
| Advisers | ||||||
| Trustees' Report |
2-7 | |||||
| Independent | Auditors' | Report | on the Financial Statements | 8-11 | ||
| Statement of | Financial | Activities | 12 | |||
| Balance Sheet | 13 | |||||
| Statement of | Cash Flows | 14 | ||||
| Notes to the | Financial | Statements | 15-27 |
| Trustees | Madhavi Vadera | |||
|---|---|---|---|---|
| Rupin Vadera | ||||
| Vandana Shah |
||||
| Darpan Patel |
||||
| Pia Mandus | ||||
| Company | registered | |||
| number | 06792434 | |||
| Charity registered | ||||
| number | 1136839 | |||
| Registered | office | 76 Park Street | ||
| London | ||||
| W1K2JY | ||||
| Company | secretary | Ruxandra Sandu |
||
| Chief executive officer | Madhavi Vadera | |||
| Independent | auditors | Lubbock Fine LLP | ||
| Chartered Accountants |
8 Statutory Auditors | |||
| Paternoster House |
||||
| 65St Paul's Churchyard | ||||
| London | ||||
| EC4M 8AB |
| Restricted | Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| Note | 2022 | 2022 F |
2022f | 2021 | |||
| Income from: | |||||||
| Donations and legacies |
850,000 | 850,000 | 310,029 | ||||
| Total income | 850,000 | 850,000 | 310,029 | ||||
| Expenditure on: |
|||||||
| Charitable activities |
23,954 | 564,002 | 587,956 | 165,735 | |||
| Total expenditure | 23,954 | 564,002 | 587,956 | 165,735 | |||
| Net (expenditure)/income | (23,954) | 285,998 | 262,044 | 144,294 | |||
| Transfers between |
funds | 14 | (51,312) | 51,312 | |||
| Net movement in |
funds before other | ||||||
| recognised gains/(losses) |
(75,266) | 337,310 | 262,044 | 144,294 | |||
| Other recognised | gains/(losses): | ||||||
| (Losses)/gains on |
revaluation | of fixed | |||||
| assets | (23,463) | (23,463) | 166,944 | ||||
| Net movement in |
funds | (75,266) | 313,847 | 238,581 | 311,238 | ||
| Reconciliation of |
funds: | ||||||
| Total funds brought | forward | 75,266 | 5,281,637 | 5,356,903 | 5,045,665 | ||
| Net movement in funds |
(75,266) | 313,847 | 238,581 | 311,238 | |||
| Total funds carried forward | 5,595,484 | 5,595,484 | 5,356,903 |
| 2022 | 2022 | 2021 | 2021 | ||||
|---|---|---|---|---|---|---|---|
| Note | F | F | |||||
| Fixed assets | |||||||
| Investment property |
10 | 5,700,000 | 5,100,000 | ||||
| Current assets | |||||||
| Debtors | 125,707 | 261,460 | |||||
| Cash at bank and | in | hand | 190,755 | 14,572 | |||
| 316,462 | 276,032 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | 12 | (244,312) | (19,129) | ||||
| Net current assets | 72,150 | 256,903 | |||||
| Creditors: amounts | falling due after more | ||||||
| than one year | 13 | (176,666) | |||||
| Total net assets | 5,595,484 | 5,356,903 | |||||
| Charity funds | |||||||
| Restricted funds |
14 | 75,266 | |||||
| Unrestricted funds |
14 | 5,595,484 | 5,281,637 | ||||
| Total funds | 5,595,484 | 5,356,903 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | F | |||||
| Cash flows from operating | activities | |||||
| Net cash provided by operating activities |
17 | 699,129 | (115,774) | |||
| Cash flows from investing | activities | |||||
| Investment property refurbishment costs |
(522,946) | (23,452) | ||||
| Net cash used in investing | activities | (522,946) | (23,452) | |||
| Change in cash and cash |
equivalents | in | the year | 176,183 | (139,226) | |
| Cash and cash equivalents | at the beginning | ofthe year | 14,572 | 153,798 | ||
| Cash and cash equivalents | at the end | of | the year | 18 | 190,755 | 14,572 |
| The notes on pages 15to 27 form part ofthese financial statements |
| Restricted | Unrestricted | Total |
|---|---|---|
| funds | funds | funds |
| 2022 | 2022 | 2022 |
| F | F | |
| 850,000 | 850,000 | |
| Restricted | Unrestricted | Total |
| funds | funds | funds |
| 2021 | 2021 | 2021 |
| 10,000 | 300,029 | 310,029 |
| Restricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | Total | ||
| 2022 F |
2022 F |
2022f | ||
| Charitable | activity | 23,954 | 564,002 | 587,956 |
| Unrestricted | ||||
| funds | Total | |||
| 2021 | 2021 | |||
| F | ||||
| Charitable | activity | 165,735 | 165,735 |
| Activities | Grant | ||||
|---|---|---|---|---|---|
| undertaken | funding of |
Support | Total | ||
| directly | activities | costs | funds | ||
| 2022 | 2022 | 2022 | 2022 | ||
| F | |||||
| Charitable | activity | 23,954 | 523,312 | 40,690 | 587,956 |
| Grant | ||||
|---|---|---|---|---|
| funding of |
Support | Total | ||
| activities | costs | funds | ||
| 2021 | 2021 | 2021 | ||
| F | F | E | ||
| Charitable | activity | 141,731 | 24,003 | 165,734 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 F |
2022 F |
2021f | ||
| Awareness | Event | 23,954 | 23,954 | |
| Analysis | ofsupport costs |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2022 | 2021 | |||||
| F | ||||||
| Staff costs | 10,355 | |||||
| Accountancy | fees | 840 | 3,088 | |||
| Audit fees (governance) | 9,600 | 7,500 | ||||
| Other support costs | 5,672 | 622 | ||||
| Insurance | 1,460 | 1,166 | ||||
| Brand strategy, | website development | and other professional | fees | 5,147 | 5,111 | |
| Rates and Utilities | 7,234 | 4,645 | ||||
| Property repairs |
1,655 | |||||
| Travel | 166 | |||||
| Fundraising | costs | 216 | 216 | |||
| 40,690 | 24,003 |
| Grants to | Grants to | Total | |
|---|---|---|---|
| Institutions | Individuals | funds | |
| 2022 | 2022 | 2022 | |
| F | F | E | |
| Grants | 498,752 | 24,560 | 523,312 |
| Grants to | Grants to | Total | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Institutions | Individuals | funds | ||||||||||
| 2021 | 2021 | 2021 | ||||||||||
| F | F | E | ||||||||||
| Grants | 108,632 | 33,099 | 141,731 | |||||||||
| The Charitable | company | has made | the following | material | grants to institutions | during the year: |
||||||
| 2022 | 2021 | |||||||||||
| F | ||||||||||||
| Name of institution | ||||||||||||
| Crisis | 20,000 | |||||||||||
| Dawn Charitable | Trust | 50,000 | ||||||||||
| Pan Intercultural | Arts | —Amies | Choir | Project | 34,282 | 31,432 | ||||||
| Pan Intercultural | Arts | —Counselling | Support | 4,700 | ||||||||
| Pan Intercultural | Arts | - Papillon | Project | 51,670 | ||||||||
| Migrant Help |
15,000 | |||||||||||
| Future Leaders | Programme | 375,000 | ||||||||||
| Other grants | to | institutions | 22,800 | 2,500 | ||||||||
| 498,752 | 108,632 | |||||||||||
| 7. | Auditors' remuneration |
|||||||||||
| 2022 | 2021 | |||||||||||
| F | ||||||||||||
| Fees payable | to the Charitable | company's | auditor | for the | audit ofthe | |||||||
| Charitable | company's | annual | accounts | 9,600 | 7,500 |
| Staff c | osts | ||
|---|---|---|---|
| 2022 | 2021 | ||
| F | |||
| Wages | and salaries | 10,000 | |
| Social | security costs | 355 | |
| 10,355 |
| 2022 | 2021 |
|---|---|
| No. | No. |
| Freehold | |
|---|---|
| investment | |
| property | |
| E | |
| Valuation | |
| At 1 January 2022 | 5,100,000 |
| Additions | 623,463 |
| Loss on revaluation | (23,463) |
| At 31 December 2022 | 5,700,000 |
| 2022 | 2021 | ||
|---|---|---|---|
| F | E | ||
| Due within | one year | ||
| Prepayments | and accrued income | 125,707 | 261,460 |
| 125,707 | 261,460 |
| 2022 | 2021 | ||
|---|---|---|---|
| F | |||
| Trade creditors | 6,666 | 425 | |
| Other creditors | 1,531 | 1,655 | |
| Accruals and deferred | income | 106,115 | 17,049 |
| Grants payable - Institutions | 130,000 | ||
| 244,312 | 19,129 |
| 2022 | 2021 |
|---|---|
| 176,666 |
| Balance at | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||||
| January | Transfers | Gains/ | December | |||||
| 2022 F |
Income F |
Expenditure F |
in/out F |
(Losses) F |
2022f | |||
| Unrestricted | ||||||||
| funds | ||||||||
| Designated | ||||||||
| funds | ||||||||
| Investment | ||||||||
| property | fund | 5,100,000 | 623,463 | (23,463) | 5,700,000 | |||
| General | funds | |||||||
| General | Funds | 181,637 | 850,000 | (564,002) | (572,151) | (104,516) | ||
| Total | ||||||||
| Unrestricted | ||||||||
| funds | 5,281,637 | 850,000 | (564,002) | 51,312 | (23,463) | 5,595,484 | ||
| Restricted | ||||||||
| funds | ||||||||
| Property | ||||||||
| purchase | and | |||||||
| refurbishment | 65,266 | (65,266) | ||||||
| Awareness | ||||||||
| event | 10,000 | (23,954) | 13,954 | |||||
| 75,266 | (23,954) | (51,312) | ||||||
| Total of | funds | 5,356,903 | 850,000 | (587,956) | (23,463) | 5,595,484 |
| Statement | offunds | (continued) | |||||
|---|---|---|---|---|---|---|---|
| Statement | offunds | - prior year | |||||
| Balance at | |||||||
| Balance at | 31 | ||||||
| 1 January | Transfers | Gains/ | December | ||||
| 2021 F |
Income F |
Expenditure F |
in/out F |
(Losses) F |
2021f | ||
| Unrestricted | |||||||
| funds | |||||||
| Designated | |||||||
| funds | |||||||
| Investment | |||||||
| property | fund | 4,909,604 | 23,452 | 166,944 | 5,100,000 | ||
| General funds | |||||||
| General Funds |
47,343 | 300,029 | (165,735) | 181,637 | |||
| Total | |||||||
| Unrestricted | |||||||
| funds | 4,956,947 | 300,029 | (165,735) | 23,452 | 166,944 | 5,281,637 | |
| Restricted | |||||||
| funds | |||||||
| Property | |||||||
| purchase | and | ||||||
| refurbishment | 88,718 | (23,452) | 65,266 | ||||
| Awareness | |||||||
| event | 10,000 | 10,000 | |||||
| 88,718 | 10,000 | (23,452) | 75,266 | ||||
| Total offunds | 5,045,665 | 310,029 | (165,735) | 166,944 | 5,356,903 |
| Analysis | ofn | et assets between funds - current year |
||
|---|---|---|---|---|
| Unrestricted | Total | |||
| funds | funds | |||
| 2022 | 2022 | |||
| F | ||||
| Investment | property | 5,700,000 | 5,700,000 | |
| Current assets | 316,462 | 316,462 | ||
| Creditors | due | within one year | (244,312) | (244,312) |
| Creditors | due | in more than one year | (176,666) | (176,666) |
| Total | 5,595,484 | 5,595,484 |
| Analysis | ofnet assets between funds - prior |
year | ||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| F | F | E | ||
| Investment | property | 5,100,000 | 5,100,000 | |
| Current assets | 75,266 | 200,766 | 276,032 | |
| Creditors | due within one year | (19,129) | (19,129) | |
| Total | 75,266 | 5,281,637 | 5,356,903 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| F | |||||
| Net income for the year (as per Statement | of Financial Activities) | 262,044 | 144,294 | ||
| Adjustments for: |
|||||
| Decrease/(increase) | in debtors | 135,753 | (261,460) | ||
| Increase in creditors |
301,332 | 1,392 | |||
| Net cash provided | by/(used | in) operating | activities | 699,129 | (115,774) |
| 2022 | 2021 | ||
|---|---|---|---|
| F | |||
| Cash | in hand | 190,755 | 14,572 |
| Total | cash and cash equivalents | 190,755 | 14,572 |
| At 1 | At 31 | |||||||
|---|---|---|---|---|---|---|---|---|
| January | December | |||||||
| 2022 | Cash flows | 2022 | ||||||
| F | ||||||||
| Cash | at | bank | and | in | hand | 14,572 | 176,183 | 190,755 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Contracted | for but not provided | in these financial statements | ||||
| Refurbishment | of investment | property | 270,963 |