| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees (incorporating | strategic and | 1 | to | 5 |
| directors reports) | ||||
| Report ofthe Independeat Auditors |
6 | to | 8 | |
| Statemeat ofFinancial Activities | ||||
| Statement ofFinancial Position | 10 | |||
| Statement ofCash Flows | ||||
| Notes to the Statement ofCash Flows | 12 | |||
| Notes to the Financial Statements | 13 | to | 22 | |
| Detailed Statement ofFinancial Activities | 23 | to | 24 |
| 31.5.22 | 31.5.21 | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | ||||
| INCOME AND ENDOWMENTS | FROM | |||
| Donations and legacies |
1,159,872 | 973,780 | ||
| Other trading activities |
92,834 | 77,140 | ||
| Investment income |
88 | 23 | ||
| Total | 1,252,794 | 1,050,943 | ||
| EXPENDITURE ON | ||||
| Raising funds | 36,364 | 34,672 | ||
| Charitable activities |
||||
| Projects (India) Barnet Community Centre Project Elderly Home Project (India) Projects (Sri Lanka) Covid —19relief |
287,966 331,574 33,708 |
144,362 48,350 2,050 374,160 |
||
| Centre Overhead Expenditure Charitable Activities (UK) Building Maintenance &Running Finance Charges Legal and professional cost Motor and travel costs |
Cost | 53,791 14,348 87,517 2,256 1,240 27,627 |
9,434 16,715 33,408 936 2,115 15,985 |
|
| Total | 876,391 | 682,187 | ||
| NET INCOME | 376,403 | 368,756 | ||
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward |
454,016 | 85,260 | ||
| TOTAL FUNDS CARRIED FORWARD | 830,419 | ~454 016 |
| 31.5.22 | 31.5.21 | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | 6 | ||||
| FIXED | ASSETS | ||||
| Tangible | assets | 12 | 7,211 | 9,014 | |
| CURRENT ASSETS | |||||
| Stocks | 13 | 3,120 | 3,120 | ||
| Cash at | bank and in hand | 871,383 | 494,882 | ||
| 874,503 | 498,002 | ||||
| CREDITORS | |||||
| Amounts | falling due within | one year | 14 | (10,801) | (3,000) |
| NET CURRENT ASSETS | 863,702 | 495,002 | |||
| TOTAL | ASSETSLESSCURRENT | ||||
| LIABILITIES | 870,913 | 504,016 | |||
| CREDITORS | |||||
| Amounts | falling due atter more than one year | 15 | (40,494) | (50,000) | |
| NET ASSETS | 830,419 | 454,016 | |||
| FUNDS | 17 | ||||
| Unrestricted funds: |
|||||
| General | fund | 830,419 | 454,016 | ||
| TOTAL | FUNDS | 830,419 | 454,016 |
| 31.5.22 | 31.5.21 | ||||
|---|---|---|---|---|---|
| Notes | f | ||||
| Cash flows from operating | activities | ||||
| Cash generated &om operations Interest paid |
I | 387,062 ~1,143 |
360,786 | ||
| Net cash provided by operating | activities | 385,919 | 360,786 | ||
| Cash flows from investing | activities | ||||
| Interest received | 88 | 23 | |||
| Net cash provided by investing | activities | 88 | 23 | ||
| Cash flows from financing | activities | ||||
| Loan repayments in year |
(9,506) | ||||
| Net cash (used in)/provided | by | financing | activities | ~9,506) | |
| Change in cash and cash equivalents the reporting period |
in | 376,501 | 360,809 | ||
| Cash and cash equivaleats beginning ofthe reporting |
at the period |
494,882 | 134,073 | ||
| Cash and cash equivalents | at | the end | of | ||
| the reporting period |
871,383 | 494,882 |
| RECONCILIATION | RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROIVI | OF NET INCOME TO NET CASH FLOW FROIVI | OPERATING | |
|---|---|---|---|---|---|
| ACTIVITIES | |||||
| 31.5.22 | 31.5.21 | ||||
| f | f | ||||
| Net income for the | reporting | period (as per the Statement ofFinancial | |||
| Activities) | 376,403 | 368,756 | |||
| Adjustments for: |
|||||
| Deprecianon charges |
1,803 | 2,253 | |||
| Interest received | (88) | (23) | |||
| Interest paid | 1,143 | ||||
| Increase/(decrease) | in | creditors | 7,801 | ~10,200 | |
| Net cash provided | by | operations | 387,062 | 360,786 |
| ANALYSIS OFCHA | NGES IN NET FUNDS | |||
|---|---|---|---|---|
| At 1/6/21 | Cash flow | At 31/5/22 | ||
| Net cash | ||||
| Cash at bank and in hand | 494,882 | 376,501 | 871,383 | |
| 494,882 | 376,501 | 871,383 | ||
| Debt | ||||
| Debts falling due alter | 1 year | (50,000) | 9,506 | ~40,494) |
| (50,000) | 9,506 | (40,494) | ||
| Total | 444,882 | 386,007 | 830,889 |
| DONATIONS AND LE |
GACIES | |||
|---|---|---|---|---|
| 31.5.22 | 31.5.21 | |||
| Gifts | 3 | |||
| Donations | 1,152,718 | 955,190 | ||
| Money BoxCogection Grants |
7,151 | 8,590 ~10000 |
||
| 1,159,872 | ~973780 | |||
| Grants received, included | in the above, are as follows: | |||
| 31.5.22 | 31.5.21 | |||
| Other grants | 10,000 | |||
| 3. | OTHER TRADING ACTIVITIES | |||
| 31.5.22 | 31.5.21 | |||
| Just giving charitable project | 92,834 | 77,140 | ||
| 4. | INVESTMENT INCOME | |||
| 31.5.22 | 31.5.21 | |||
| Bank Interest Received | 88 | 23 |
| RAISING FUNDS | ||||||
|---|---|---|---|---|---|---|
| Raising donations | and legacies | 31.5.22 | 31.5.21 | |||
| Donation and Gilt | 36,364 | 34,672 | ||||
| CHARITABLE ACTIVITIES COSTS | ||||||
| Grant | ||||||
| funding of | ||||||
| activities | Support | |||||
| (see note | costs (see | |||||
| 7)I | note 8) 6 |
Totals 8 |
||||
| Projects (India) | 287,966 | 287,966 | ||||
| Barnet Community | Centre Project | 331,574 | 331,574 | |||
| Projects (Sri Lanka) | 33,708 | 33,708 | ||||
| Centre Overhead Expenditure |
53,791 | 53,791 | ||||
| Charitable Activities |
(UK) | 14,348 | 14,348 | |||
| Building Maintenance | 8'r Running | Cost | 87,517 | 87,517 | ||
| Finance Charges | 2,256 | 2,256 | ||||
| Legal and professional Motor and travel costs |
cost | 1,240 27,627 |
1,240 27,627 |
|||
| 667,596 | 172,431 | 840,027 | ||||
| GRANTS PAYABLE | ||||||
| 31.5.22 | 31.5.21 | |||||
| f | ||||||
| Projects (India) Barnet Community |
Centre Project | 287,966 331,574 |
144,362 | |||
| Elderly Home Project (India) | 48,350 | |||||
| Projects (Sri Lanka) Covid - 19relief |
33,708 | 2,050 374,160 |
||||
| Charitable Activities |
(UK) | 14,348 | 16,715 | |||
| 667,596 | 585,637 |
| SUPPORT COSTS | ||||||
|---|---|---|---|---|---|---|
| Governance | ||||||
| Management | Finance | Other | costs | Totals | ||
| 6 | ||||||
| Centre Overhead | ||||||
| Expenditure | 52,618 | (7,227) | 8,400 | 53,791 | ||
| Building Maintenance | & | |||||
| Running Cost |
61,035 | 26,482 | 87,517 | |||
| Finance Charges | 2,256 | 2,256 | ||||
| Legal and professional | cost | 1,240 | 1,240 | |||
| Motor and travel costs | 27,627 | 27,627 | ||||
| 113,653 | 2,256 | 48,122 | 8,400 | 172,431 |
| Net incom | e/(expenditure) is stated after charging/(crediting |
); | |
|---|---|---|---|
| 31.5.22 | 31.5.21 | ||
| Auditors' | remuneration | 8,400 | |
| Depreciation - owned assets | 1,803 | 2,253 |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL AC | TIVITIES |
|---|---|
| Unrestricted | |
| fund | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies |
973,780 |
| Other trading activities |
77,140 |
| Investment income |
23 |
| Total | 1,050,943 |
| EXPENDITURE ON | |
| Raising funds | 34,672 |
| Charitable activities |
|
| Barnet Community Centre Project |
144,362 |
| Elderly Home Project (India) | 48,350 |
| Projects (Sri Lanka) | 2,050 |
| Covid - 19relief | 374,160 |
| Centre Overhead Expenditure |
9,434 |
| 11. | COMPARATIVES | F | OR THE S | TATEMENT OF FINANCIAL AC | TIVITIES -continued |
|---|---|---|---|---|---|
| Unrestricted | |||||
| fund | |||||
| Charitable Activities |
(UK) | 16,715 | |||
| Building Maintenance | &Running | Cost | 33,408 | ||
| Finance Charges | 936 | ||||
| Legal and professional | cost | 2,115 | |||
| Motor and travel costs | 15,985 | ||||
| Total | 682,187 | ||||
| NET INCOME | 368,756 | ||||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 85,260 | |||
| TOTAL FUNDS CARRIED FORWARD | 454,016 | ||||
| 12. | TANGIBLE FIXEDASSETS | ||||
| Motor | |||||
| vehicles | |||||
| COST | |||||
| At 1 June 2021 and | 31 May 2022 | 14,084 | |||
| DEPRECIATION | |||||
| At 1 June 2021 | 5,070 | ||||
| Charge for yem | 1,803 | ||||
| At 31 May 2022 | 6,873 | ||||
| NET BOOKVALUE | |||||
| At 31May 2022 | 7,211 | ||||
| At 31May 2021 | 9,014 |
| 13. | STOCKS | STOCKS | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 31.5.22 | 31.5.21 | ||||||||
| Stocks | 3,120 | 3,120 | |||||||
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||||||
| 31.5.22 | 31.5.21 | ||||||||
| 8 | |||||||||
| Trade creditors | 1 | ||||||||
| Accrued | expenses | 10,800 | 3,000 | ||||||
| 10,801 | 3,000 | ||||||||
| 15. | CREDITORS: AMOUNTS FALLING DUE AFTERMORE | THAN ONE | YEAR | ||||||
| 31.5.22 | 31.5.21 | ||||||||
| 40,494 | 50,000 | ||||||||
| 16. | LOANS | ||||||||
| An analysis of | the maturity ofloans is given below: | ||||||||
| 31.5.22 | 31.5.21 | ||||||||
| Amounts | falling between one and | two years: | |||||||
| Bank loans - | 1-2years | 40,494 | 50,000 | ||||||
| 17. | MOVEMENT | IN FUNDS | |||||||
| Net | |||||||||
| movement | At | ||||||||
| At | 1/6/21 | in funds | 31/5/22 | ||||||
| 6 | 6 | ||||||||
| Unrestricted | funds | ||||||||
| General | fund | 454,016 | 376,403 | 830,419 | |||||
| TOTAL | FUNDS | 454,016 | 376,403 | 830,419 | |||||
| Net movement | in funds, included | in tbc above are as follows: | |||||||
| Incoming | Resources | Movement | |||||||
| resources | expended | in funds | |||||||
| Unrestricted | funds | ||||||||
| General | fund | 1,252,794 | (876,391) | 376,403 | |||||
| TOTAL | FUNDS | 1,252,794 | (876,391) | 376,403 |
| Comparatives | for movement in funds |
|||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At I/6/20 | in funds | 31/5/21 | ||
| f. | ||||
| Unrestricted | funds | |||
| General fund | 85,260 | 368,756 | 454,016 | |
| TOTAL FUNDS | 85,260 | 368,756 | 454,016 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | m funds | ||
| Unrestricted | funds | |||
| General fund | 1,050,943 | (682,187) | 368,756 | |
| TOTAL FUNDS | 1,050,943 | (682,187) | ~368756 |
| A current yea | r 12months and prior year 12 |
months combined position is as follo |
ws: | |
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At I/6/20 | in funds | 31/5/22 | ||
| Unrestricted | funds | |||
| General fund | 85,260 | 745,159 | 830,419 | |
| TOTAL FUNDS | 85,260 | 745,159 | 830,419 |
| A current yea as follows: |
r 12months and prior year 1 |
2months combined net movement in |
funds, included i |
n the above a |
|---|---|---|---|---|
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 2,303,737 | (1,558,578) | 745,159 | |
| TOTALFUNDS | 2,303,737 | ~1,558,578) | 745,159 |
| 31.5.22 | 31.5.21 | ||
|---|---|---|---|
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Gills | 3 | ||
| Donations | 1,152,718 | 955,190 | |
| Money Box Collection Grants |
7,151 | 8,590 10,000 |
|
| 1,159,872 | 973,780 | ||
| Other trading activities Just giving charitable project |
92,834 | 77,140 | |
| Investment income |
|||
| Bank Interest Received | 88 | 23 | |
| Total incoming resources |
1,252,794 | 1,050,943 | |
| EXPENDITURE | |||
| Raising donations Donation and Giit |
and legacies | 36,364 | 34,672 |
| Charitable activities |
|||
| Other Premises Cost | 4,327 | ||
| Grants to institutions | 667,596 | 585,637 | |
| 667,596 | 589,964 | ||
| Support costs | |||
| Management Rates and water |
6,650 | 1,867 | |
| Insurance | 716 | 674 | |
| Light and heat Telephone Advertising General Expenses Rent |
15,685 1,840 36,308 11,951 38,700 |
18,214 1,550 4,957 475 9,000 |
|
| Motor vehicles | 1,803 | 2,253 | |
| 113,653 | 38,990 | ||
| Finance | |||
| Bank charges Bank loan interest |
1,113 1,143 |
461 | |
| 2,256 | 461 |
| 31.5.22 | 31.5.21 | |||
|---|---|---|---|---|
| Finance | ||||
| Other | ||||
| Repairs &Maintenance | 29,298 | |||
| Motor &Travel | 15,677 | 15,985 | ||
| Computer | Cost | 1,907 | ||
| Legal aud | professional | cost | 1,240 | 2,115 |
| 48,122 | 18,100 | |||
| Governance costs |
||||
| Auditors' | remuneration | 8,400 | ||
| Total resources expended | 876,391 | 682,187 | ||
| Net income | 376,403 | 368,756 |