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|||||||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||
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|||||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|
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|||||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|
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||||||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|||||||
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|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|
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|||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|
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|||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|
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|Staff c|osts|||
|---|---|---|---|
|||2022|2021|
|||F||
|Wages|and salaries|10,000||
|Social|security costs|355||
|||10,355||
|2022|2021|
|---|---|
|No.|No.|
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||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||
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|||||||||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|
##
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|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|
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|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|
##
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|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|
##
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|||||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)|
##
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|||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||