## _IG Accounting & Finance Ltd_ BUSINESS ADVISORS • ACCOUNTANTS • TAX ADVISORS 25 March 2022 Mr Esat Brace Community House 311 Fore Street London N9 0PZ NENE TEREZA Dear Esat, ## **Accounts for Period ended 30/06/2021** Please find attached final accounts for NENE TEREZA for the period ended 30/06/2021 [including abbreviated accounts if appropriate]. Please review the attached carefully and if you are happy that the accounts can be approved please print out a set of each of the attached documents, obtain appropriate signatures at the foot of each Balance Sheet [and Directors Report, if relevant] and return the signed documents to this office. Please do not hesitate to contact us if you have any queries. Yours sincerely, Isa Gashi 769 High Road Leytonstone, London, E11 4QS Telephone: 020 3632 0148 Mobile: 07919 515454 E-mail: info@igaccounting.co.uk ## **NENE TEREZA** ## **Charity No. 1137791** ## **Company No. 06920109** **Trustees' Report and Unaudited Accounts** **30 June 2021** **NENE TEREZA Contents** ||Pages|| |---|---|---| |Trustees' Annual Report||1| |Independent Examiner's Report||2| |Statement of Financial Activities||3| |Summary Income and Expenditure Account||4| |Balance Sheet||5| |Statement of Cash flows||6| |Notes to the Accounts||7| |Detailed Statement of Financial Activities||8| Page 1 **NENE TEREZA Trustees Annual Report** The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 June 2020. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Company No. 06920109** ## **Charity No. 1137791** ## **Principal Office** Community House 311 Fore Street London N9 0PZ Address Line 5 ## **Registered Office** Community House 311 Fore Street London N9 0PZ ## **Directors and Trustees** The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: S. Curraj D. Hoti A. Hyse��� G. Ibrahmi A. Milkurti ## **Key Management Personnel** Esat Brace ## **Accountants** IG Accounting & Finance Ltd 769 High Road Leytonstone London E11 4QS ## **OBJECTIVES AND ACTIVITIES** In setting out our objectives and aims the trustees has given a careful consideration to the Charity Commission guidance on public benefit the charity is committed to provide. Page 2 ## **NENE TEREZA** ## **Trustees Annual Report** It has been another successful year at Nene Tereza, we have continued to be the voice of our service users. The work that staff, volunteers and partners it is of a great quality and full of energy dedication and passion to bring the best to each and every one they come in contact with reassuring and confirms that this organisation has their own agenda finding a solutions for the issues they are facing with. The range of service that we have provided to our community is astonishing. We have set put few highlights for the year. The main objectives are the advancement of education of young The objects of the charity are the advancement of education (including mother tongue and other training) for boys and girls aged 5-16 as well as for adults learning skills for life, women’s projects, legal advice, for the public benefit through the provision of facilities for the supplementary education programmes, relief of the poverty and financial hardship for Albanian people, and also other nationalities by providing interpretation, advocacy and career advice. ## **Aims and objectives** - Our objectives are set to reflect our educational aims and the ethos of the supplementary education. It is important to us that we support maintain and enhance the academic success of the supplementary school. - To provide and promote supplementary education for Albanian children; to engage young people in different sport activities; to provide training and confidence-building for Albanian speaking woman. - To promote self-empowerment for refugees and asylum seekers within the Albanian community of London. To raise awareness of legal rights, citizenship, duties and requirements, either as UK citizens, refugees or asylum seekers within the Albanian community of London. To establish and maintain links with other similar organizations that provide support to refugee – asylum seeker communities - To improve the mainstream educational achievements and the self-confidence of pupils, the majority of whom come from the Albanian community, by providing out-of-school extra teaching in English and Maths. - To teach and celebrate Albanian language and culture to children from or close to the Albanian community. - To provide parents from Albanian-origin families with support for themselves; and to assist them support their children better in mainstream schools. The primary purpose of the trustees’ annual report (the treasures report) is to ensure that the charity is publicly accountable to its stakeholders for the stewardship and management of the funds it holds on trust. As a Treasurer I always consider the information needs of the primary users of the report. At Nene Tereza we normally include funders, donors, financial supporters, service users and other beneficiaries. The report is prepared to assist the user to make economic decisions in relation to the charity and to assess the Nene Tereza progress against its objectives and to understand its plans in relation to its purposes Nene Tereza is not set up with financial management in mind – is it set up in response to a Community need, by founders who have a passion to create change and deliver on a mission. The staff members as well as volunteers have worked hard during the year and have managed the Albanian supplementary schools across London, communications and many other areas of administration, having in mind that something which must be done to allow the charity’s mission-oriented work to take place. Similarly, those who sit on a charity’s trustee board, or spend their days working for it, we all become involved because we believe in Nene Tereza objectives, aims and aspirations – all the trusties’ members are particularly financially literate or competent. Yet from the day that we gain our first income, financial management becomes a consideration; a factor impacting upon the charity’s success. As the charity has grown, financial issues has become more prominent, presenting challenges, insight, threats and opportunities, and how finance is approached comes to play a key role in the determining the charity’s actions, impact and sustainability. The Financial year 2020/21 has certainly been a year of Nene Tereza. We would like to thank in advance all our funders and other supporters who also helped us continue and develop with our projects, and every one setting up and taking Nene Tereza forward, my fellow directors, our members end everyone who has given us support and guidance over the last year, without all the Community donation and other funding Nene Tereza quite simple wouldn’t exist. Page 3 **NENE TEREZA Trustees Annual Report** We are extremely grateful for the trust that members has shown in us and our commitment to all of our members is that we will do our best to repay back. Looking backwards: so, what have we achieved this year: During this financial year the whole organization, trustees, members, volunteers and staff pulled together demonstrated significant commitment to all Nene Tereza’s service users and uses that commitment to get us through the whole period. We managed to secure a higher income over £120K and reduce expenditure as much as we could, which is a great achievement as we aim to suffice and secure future grants based on this year’s results. We have been awarded with the gold certificate from the head of supplementary schools (NRC) as a one of the best supplementary schools in London All staff had in house training such safe guarding as well as child protection, fundraising, all staff and volunteers are CRB checked, We have a connection across the other charities across the country such as Somalian, Turkish, Enfield volunteer action, NRC, Barnett, Haringey. In the Enfield borough alongside with mother tongue project we have also run a successful Strengthening family strengthening communities (SFSC) project. This project was run in collaboration with NOSOK Centre over a week. It was a great pleasure to work together and share our experiences as well as achieve our aims objectives and targeted goals. SFSC is an inclusive evidence-based parenting programme, designed to promote protective factors which are associated with good parenting and better outcomes for children. We have supported Albanian family in needs with foods and clothes. We have also run a project for elderly people, which has been very successful. We made sure that our charity will need a certain level of reserves to manage cash flow and provide working capital for day-to-day operations. Reason for holding reserves vary between year to year, and that depends on the factors such as income and expenditure. We always make sure that we justify our reserves by not holding a high level of cover for risks and unforeseen events appears, Our funds are meant to be spent; therefore we are able to provide solid, considered justification for keeping funds back as reserves and spending them. Reserves are unspent income and strategic decisions need to be made around when and how this is best spent, reserves are unspent income and strategic decisions need to be made around when and how this is best spent, to achieve this balance, we make sure that we need to have a good understanding of the financial strategy and business model together with the risks inherent in the model. Whatever decision our organization makes about finances, we always ensure that it is an active decision, made as part of the strategic planning, and recognizing that grants/donations are a resource to be managed and utilised to meet the needs of beneficiaries. Our Charity trustees have a fundamental duty to manage their charity’s assets in the best interests of its beneficiaries, in this case our Community as a stakeholders This year the charity has seen an increase income figure in comparison to last year, we are so grateful for that, however, we needed to focus on our financial health during this financial year to continue to keep the financial stability. It is worth mentioning here that expanding our fundraising activities is essential and remaining our primary focus for this academic year and beyond. We have establish and maintain links with other similar organizations that provide support to their own communities. There is no any material expenditure which might enhance future income generation ## **ACHIEVEMENTS AND PERFORMANCE** The Trustees are pleased with the achievement of the charitable activities to date, but would like to expand and find other opportunities for the supplementary education programs. At present we have more than 100 children attending in the classes and hopping that the number will increase in the near future. ## **FINANCIAL REVIEW** The charity considers that the present level of funding is satisfactory to support the continuation of these Page 4 **NENE TEREZA** **Trustees Annual Report** activities. The overall financial position of the charity is adequate. PRINCIPAL FUNDING SOURCES The main funding sources come from: BBC children in need, Grants and donations, The London Community, Main Grants, the Bridge Renewal, National Heritage. ## **PLANS FOR FUTURE PERIODS** . Nene Teresa considers that it is well placed to be able to meet demands for other opportunities which are available. The report does provide a summary of the charity’s plans for the future, including its aims and objectives and details of any activities planned to achieve them. Below will explain in more details the trustees’ perspective of the future direction of the charity. It does explain, where relevant, how experience gained or lessons learned from past or current activities have influenced future plans and decisions about allocating resources to their best effect. Looking forward we are proud for what have we achieved this year, but now there is much more to do. If we look ahead I believe that we have challenges facing us, however, I am sure that by working very hard and being together everything is possible, to achieve our goals and objectives. Plans for 2021-2022 We are planning to continue to provide the services that respond to the needs of the Albanian community in the UK. To continue and provide all the services that we have provided in 2020-2021 We aim to expand our activities not only in London areas but in other UK cities, Build partnership with other charity organizations Secure funding to have a leadership programme with professionals from different sectors. Develop high quality systems and processes to enable better communications both internally and externally. Explore further funding to develop further sport, integration work and heritage work. We are going to update our constitution, to add more aims and objectives, as well as will prepare the five years business plan. Our plans for the new coming year are: We would like to organise a club for Albanian elderly living in isolation within the London Borough of Enfield and Haringey. Our aim is to organise two activities a month for 10 months. The aims of these activities is to bring this group of people together and participate in various activities including visits to museums, social activities with elderly from other local communities, inter-generation workshops in which elderly will do activities with young people, table games activities as well as reading and film clubs. Our aim of this project is to create the following difference: - Reduce isolation of elderly within the Albanian community - Improved health well-being - Improved inter-generation communication and learning - Improved community cohesion and sense of belonging This project will benefit mainly Albanian elderly living in Haringey and Enfield, however it will also benefit other local elderly Developing mor comprehensive offer to support our users Considering how can we improve the sustainability of what we do Reviewing our model of working to ensure it is both agile and able to support our commitment to our local areas. Our policies have been reviewed and we are working intensively to develop the theory of change for most of the individual projects that we have up and running. We will be focusing this year on reviewing the safeguarding policy and procedures using the guidelines provided by NRC For the future plans the trustees intend to continue their current strategies of maintaining the Charities’ position in a competitive market by investing to provide high quality education for our beneficiaries. Achieving a high standard of results is a constant aim whilst maintaining the breadth and depth of the supplementary education provided. The Director and staff continue to review the needs to ensure that the mother tongue and other activities remain appropriate for our service users’ development. Our future plans are financed primarily from grants, donations income and from our reserves. The trustees need to maintain an equitable balance ensuring our current service users benefit whilst, at the same time, ensuring a sound infrastructure and financial base are preserved for the next generation of students and others in the same way as our current service users benefit today from the investment made in the past. In my opinion the organization is solvent and well managed financially, Page 5 ## **NENE TEREZA** ## **Trustees Annual Report** I understand that charities below the audit threshold are not required to provide this level of detail, but we know that it is good practice to describe how income is generated in order to support the charity’s activities. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf of the board Dhurata Hoti Secretary ## Nene Tereza The trustees of the Nene Tereza Charity present their annual report and audited accounts for the year ended 30 June 2021 and confirm they comply with the requirements of the Charities Act 2011, the trust deed and the Charities SORP (FRS 102). Page 6 **NENE TEREZA Independent Examiners Report** ## **Independent Examiner's Report to the trustees of NENE TEREZA** I report to the charity trustees on my examination of the accounts of NENE TEREZA for the year ended 30 June 2020 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes. ## **Responsibilities and basis of report** As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act. Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that: - accounting records were not kept in accordance with section 386 of the 2006 Act ; or - the accounts do not accord with those records; or - the accounts do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or - the accounts have not been prepared in accordance with the Charities SORP (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Isa Gashi ACCA IG Accounting & Finance Ltd 769 High Road Leytonstone London E11 4QS 30 June 2021 Page 4 **NENE TEREZA Statement of Financial Activities** ## **for the year ended 30 June 2021** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
HMRC furlough payments
4
5
**Total**
**Expenditure on:**
Charitable activities
6
Other
7
**Total**
Net gains on investments
**Net income/(expenditure)**
8
Transfers between funds
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
120,728
15,776|**Unrestricted**
**funds**
**2021**
**£**
120,728
15,776|**Total funds**
**2021**
**£**
120,728
15,77
136,504
26,610
110,455
137,065
-
(501)
-
(501)
(501)
15,611|**Total funds**
**2020**
**£**
81,180
-| |---|---|---|---|---| ||136,504
26,610
110,455|||81,180
12,844
54,589| ||137,065
-|||67,433
-| ||(501)
-|||13,747
-| ||(501)|||13,747| ||(501)
15,611|||13,747
1,864| ||||15,110|| |||15,110||15,611| Page 5 **NENE TEREZA Summary Income and Expenditure Account** ## **for the year ended 30 June 2021** |Income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net income/(expenditure) before tax
for the year
**Net income /(expenditure )for the year**|**2021**
**£**
136,504
136,504
130,238
6,767
137,005
(501)
(501)|**2020**
**£**
81,180
-| |---|---|---| |||81,180| |||65,933
1,500| |||67,433| |||13,747| |||13,747| Page 6 **NENE TEREZA Balance Sheet** ## **at 30 June 2021** |**Company No.**
**06920109**
**Notes**
**Fixed assets**
Tangible assets
10
**Current assets**
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
11
**Unrestricted funds**
General funds
11
**Reserves**
11
**Total funds**|
**2021**
**£**
14,291
14,291
819
819
819
15,110
15,110
15,110
15,110
15,110
15,110|**2020**
**£**
3,500| |---|---|---| |||3,500
12,111| |||12,111| |||12,111
15,611| |||15,611| |||15,611| |||15,611| |||15,611| |||15,611| These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 30 June 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 30 June 2021 And signed on its behalf by: A. Hysenaj Trustee 30 June 2021 Page 7 **NENE TEREZA Statement of Cash flows for the year ended 30 June 2021** |**Cash flows from operating activities**
**Net income/(expenditure) per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
HMRC furlough payments
**Net cash provided by/(used in) operating activities**
**Cash flows from investing activities**
Payments for property, plant and equipment
HMRC furlough payments
**Net cash used in investing activities**
**Net cash from financing activities**
**Net increase/(decrease) in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2021**
**£**
(501)
6,767
(15,776)
(9,510)
(17,558)
15,776
(1,782)
-
(11,292)
12,111
819
819
819|**2020**
**£**
13,747
1,500| |---|---|---| |||15,247
(5000)| |||(5000)| |||| |||-| |||10,247
1,864| |||12,111| |||12,111| |||12,111| Page 8 **NENE TEREZA Notes to the Accounts** ## **for the year ended 30 June 2021** - **1 Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 9 **NENE TEREZA Notes to the Accounts** ## **Expenditure** Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Freehold investment property** Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. ## **Intangible fixed assets and amortisation** Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses. ## **Stocks** Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 10 **NENE TEREZA** **Notes to the Accounts** ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Research and development** Expenditure on research and development is written off in the year in which it is incurred. ## **Foreign currencies** Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. ## **Leased assets** Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. ## **Pension costs** The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. ## **2 Company status** The company is a private company limited by guarantee and consequently does not have share capital. Page 11 **NENE TEREZA** **Notes to the Accounts** ## 3 **Statement of Financial Activities - prior year** |3|**Statement of Financial Activities - prior year**||||| |---|---|---|---|---|---| |||**Unrestricted**|||| ||||**funds**|**Total funds**|| ||||**2020**||**2020**| ||||**£**||**£**| |**Income and endowments from:**|||||| ||Donations and legacies||81,180||81,180| |**Total**|||81,180||81,180| |**Expenditure on:**|||||| ||Other||67,433||67,433| |**Total**|||67,433||67,433| |**Net**|**income**||13,747||13,747| |**Net**|**income before other**||||| |**gains/(losses)**|||13,747||13,747| |**Other gains and losses:**|||||| |**Net**|**movement in funds**||13,747||13,747| |**Reconciliation of funds:**|||||| |Total funds brought forward|||1,864||1,864| |**Total funds carried forward**|||15,611||15,611| |4|**Income from donations and legacies**||||| |||**Unrestricted**|**Total**||**Total**| ||||**2021**||**2020**| |||**£**|**£**||**£**| ||BBC|11,823|11,823||18,973| ||Donations|-|-||2,402| ||Grants|108,905|108,905||33,245| ||JP Foundation||||| |||-|-||26,560| |||120,278|120,278||81,180| ||5.**Other Income**|**Unrestricted**|**Total**||**Total**| ||||**2021**||**2020**| |||**£**|**£**||**£**| |||15,776|15,776||-| |||15,776|15,776||| Page 12 **NENE TEREZA Notes to the Accounts** ## 5 **Expenditure on charitable activities** |**Expenditure on charitable activities**||||| |---|---|---|---|---| |_Expenditure on charitable_
_activities_
Project development
_Governance costs_
6
**Other expenditure**
Donations
Teaching expenses
Advertising
Employee costs
Premises costs
Amortization, depreciation
General administrative costs
Legal and professional costs
7
**Net income/(expenditure) before transfers**
This is stated after charging:
Depreciation of owned fixed assets
8
**Staff costs**
Salaries and wages
No employee received emoluments in excess of £60,000.
9
**Tangible fixed assets**
**Cost or revaluation**
At 01 July 2020
Additions|**Unrestricted**
**£**
26,550
26,550
**Unrestricted**
**£**
35,519
18,859
-
39,576
3,527
6,767
2,907
300
110,455
**2021**
**£**
6,767
34,576
34,576
||**Total**
**Total**
**2021**
**2020**
**£**
**£**
26,550
12,844
26,550
12,844
**Total**
**Total**
**2021**
**2020**
**£**
**£**
35,519
10,824
18,859
9,813
-
280
39,576
20,154
3,527
1,240
6,767
1,500
2,907
10,278
300
500
110,455
54,589
**2020**
**£**
1500
12,430
12,430
**£**
**£**
5,000
5,000
17,558
-|| |||||| |||||| |||||54,589| |||||**2020**
**£**
1500
12,430| |||||12,430| |||||**£**
5,000| |||||-| Page 13 **NENE TEREZA** ## **Notes to the Accounts** |**E TEREZA**
**es to the Accounts**||| |---|---|---| |At 30 June 2021
**Depreciation and**
**Impairment**
At 01 July 2020
Depreciation charge for the
year
At 30 June 2021
**Net book values**
At 30 June 2021
At 30 June 2020||| |||| |||| |||| Page 14 **NENE TEREZA Notes to the Accounts** ## **10 Movement in funds** |**10 Movement in funds**||| |---|---|---| |**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Revaluation Reserves:**
**Total funds**
**11 Analysis of net assets between funds**
Fixed assets
Net current assets
**12 Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 July**
**2020**
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**Resources**
**expended**
**£**
**£**
15,611
136,504
(137,065)
15,611
136,504
(137,065)
**Unrestricted**
**funds**
**£**
14,291
819

15,110
**At 1 July**
**2020**
**Cash flows**
**New**
**HP/Finance**
**leases**
**£**
**£**
**£**
12,111
(11,292)
12,111
(11,292)

12,111
(11,292)
-|**At 30 June**
**2021**
**£**

15,050| |||15,050
**Total**
**£**
14,291
819| |||15,110| |||**At 30 June**
**2021**
**£**
819| |||-
819| |||819| ## **13 Related party disclosures** ## _**Controlling party**_ The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 15 **NENE TEREZA Detailed Statement of Financial Activities** ## **for the year ended 30 June 2020** |**Income and endowments from:**
Donations and legacies
BBC
Donations
Grants
JP Foundation
**Total income and endowments**
Other
**Total Income and endowments**
**Expenditure on:**
Charitable activities
Project development
**Total of expenditure on charitable**
**activities**
Other expenditure
Donations
Teaching expenses
Advertising
Employee costs
Salaries/wages
Director’s remuneration
Staff training
Staff welfare
Premises costs
Rent
General administrative costs,
including depreciation and
amortisation
Depreciation of
Bank charges
Information and publications|**Unrestricted**
**funds**
**2021**
**£**
11,823
66,150
42,755
-
120,728
120,728
15,776
136,504
26,550
26,550
26,550
38,519
18,859
-
57,378
18,196
16,380
4,000
1,000
39,576
3,527
3,527
6,767
68
73|**Total funds**
**2021**
**£**
11,823
66,150
42,755
-
120,728
120,728
15,776
136,504
26,550
26,550
26,550
38,519
18,859
-
57,378
18,196
16,380
4,000
1,000
39,576
3,527
3,527
6,767
68
73|**Total funds**
**2020**
**£**
18,973
2,402
33,245
26,560
81,180
81,180
-
81,180
12,844
12,844
12,844
10,824
9,813
280
20,917
12,430
-
7,000
724
20,154
1,240
1,240
1,500
135
2,245| |---|---|---|---| Page 15 ## **NENE TEREZA** ## **Detailed Statement of Financial Activities** |**NE TEREZA**
**tailed Statement of Financial Activities**|||| |---|---|---|---| |Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband|367
257
1,830
312
9,674|367
257
1,830
312
9,674|2,270
70
5,100
458| ||||11,778| Page 16 **NENE TEREZA** ## **Detailed Statement of Financial Activities** |Legal and professional costs
Audit/Independent examination
fees
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income/(expenditure)**
**Net income/(expenditure) before**
**other gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|15,611
15,110||300
300
110,455
137,005
-
(501)
-
-
(501)
(501)
-|300
300
110,455
137,005
-
(501)
15,611
15,110
(501)
(501)
-|500| |---|---|---|---|---|---| ||||||500| ||||||| ||||||54,589| ||||||67,433
-| ||||||13,747| ||||||13,747
-| ||||||13,747| |||-|||1,864| |||-|||15,611| Page 17