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|---|---|---|---|---|
|Report ofthe Trustees (incorporating|strategic and|1|to|6|
|directors reports)|||||
|Report ofthe Independent
Auditors||7|to|9|
|Statement ofFinancial Activities|||10||
|Statement ofFinancial Position|||||
|Statement ofCash Flows|||12||
|Notes to the Statement ofCash Flows|||13||
|Notes to the Financial Statements||14|to|23|
|Detaged Statement ofFinancial Activities||24|to|25|
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|||||31.5.23|31.5.22|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|||
|INCOME AND ENDOWMENTS||FROM||||
|Donations
and legacies||||2,073,321|1,159,872|
|Other trading activities||||60,389|92,834|
|Investment
income||||1,972|88|
|Total||||~2135682|~1252794|
|EXPENDITURE ON||||||
|Raising funds||||54,792|36,364|
|Charitable
activities||||||
|Projects (India)||||276,700|287,966|
|Barnet Community
Centre Project|||||331,574|
|Elderly Home Project (India)||||166,000||
|Projects (Sri Lanka)||||6,989|33,708|
|Centre Overhead
Expenditure||||96,609|53,791|
|Charitable
Activities (UK)||||16,487|14,348|
|Building Maintenance|&Running|Cost||158,558|87,517|
|Finance Charges||||3,084|2,256|
|Legal and professional|cost|||27,400|1,240|
|Travel Expenses||||46,179|27,627|
|Motor Expenses||||709||
|Total||||853,507|876,391|
|NET INCOME||||1,282,175|376,403|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought
forward||||830,420|454,017|
|TOTAL FUNDS CARRIED FORWARD||||2 112,595|830420|
##
|||31.5.23|31.5.22|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|FIXEDASSETS||||
|Tangible assets|12|1,994,425|7,211|
|CURRENT ASSETS||||
|Stocks|13|3,120|3,120|
|Debtors|14|6,000||
|Cash at bank and in hand||195,464|~871383|
|||204,584|874,503|
|CREDITORS||||
|Amounts
falling due within one year|15|(55,666)|(10,800)|
|NKT CURRENT ASSETS||148,918|863,703|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||2,143,343|870,914|
|CREDITORS||||
|Amounts
falling due after more than one year|16|(30,748)|(40,494)|
|NET ASSETS||~2112595|830420|
|FUNDS|18|||
|Unrestricted
funds:||||
|General fund||2,112,595|830,420|
|TOTAL FUNDS||2,112,595|~830 420|
##
||||31.5.23|31.5.22|
|---|---|---|---|---|
|||Notes|||
|Cash flows from operating|activities||||
|Cash generated
fium operations|||1,332,1 10|387,062|
|Interest paid|||(902)|(1,143)|
|Net cash pmvided
by operating
activities|||1,331,208|385,919|
|Cash flows from investing|activities||||
|Purchase oftangible fixed assets|||(1,999,353)||
|Interest received|||1,972|88|
|Net cash (used in)/provided|by investing|activities|(1,997,381)||
|Cash flows from fmancing|activities||||
|Loan repayments
in year|||(9,746)|(9,506)|
|Net cash used in financing|activities||(9,746)|~9,506)|
|Change in cash and cash|equivalents|in|||
|the reporting
period|||(675,919)|376,501|
|Cash and cash equivalents|at the||||
|beginning
ofthe reporting|period||871,383|494,882|
|Cash and cash equivalents|at tbe end|of|||
|the reporting
period|||~195464|871,383|
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|RECONCILIATION|RECONCILIATION|OFNET INCOME TONET CASH FLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES|
|---|---|---|---|---|
||||31.5.23|31.5.22|
|Net income for the|reportiag period (as per the Statement ofFinancial||||
|Activities)|||1)282,175|376,403|
|Adjustments
for:|||||
|Depreciation
charges|||12,139|1,803|
|Interest received|||(1,972)|(88)|
|Interest paid|||902|1&143|
|Increase in debtors|||(6,000)||
|Increase in creditors|||44,866|7,801|
|Net cash provided|by|operations|1,332,110|387,062|
|2.|ANALYSIS OF CHANGES IN NET FUNDS||||
|---|---|---|---|---|
|||At 1/6/22|Cash flow|At 31/5/23|
|||||f,|
||Net cash||||
||Cash at bank and in hand|871,383|~675,919)|195,464|
|||871,383|~675,919|195,464|
||Debt||||
||Debts falling due afler 1year|40,494|9,746|30,748|
|||40,494|9,746|30,748|
||Total|830,889|666 173|164716|
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||DONATIONS
AND LEGACIES|||
|---|---|---|---|
|||31.5.23|31.5.22|
||Donations|1,961,210|1,152,721|
||Money BoxCollection
Other Income|106,037
~6074|7,151|
|||2,073,321|1,159,872|
|3.|OTHER TRADING ACTIVITIES|||
|||31.5.23|31.5.22|
||Just giving charitable project|60,389|92,834|
|4.|INVESTMENT INCOME|||
|||31.5.23|31.5.22|
||||8|
||Bank Interest Received|1,972|88|
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|||||||31.5.23|31.5.22|
|---|---|---|---|---|---|---|---|
||Donation and Gilt|||||54,792|36,364|
|6.|CHARITABLE ACTIVITIES COSTS|||||||
||||||Grant|||
||||||funding of|||
||||||activities|Support||
||||||(seenote|costs (see||
||||||7)|note 8)|Totals|
||Projects podia)||||276,700||276,700|
||Elderly Home Project (India)||||166,000||166,000|
||Projects (Sri Lanka)||||6,989||6,989|
||Cenue Overhead
Expenditure|||||96,609|96,609|
||Charitable
Activities|(UK)|||16,487||16,487|
||Building Maintenance||&Running|Cost||158,558|158,558|
||Finance Charges|||||3,084|3,084|
||Legal and professional||cost|||27,400|27,400|
||Travel Expenses|||||46,179|46,179|
||Motor Expenses|||||709|709|
||||||466,176|332,539|798,715|
|7.|GRANTS PAYABLE|||||||
|||||||31.5.23|31.5.22|
||Projects podia)|||||276,700|287,966|
||Barnet Community|Centre Project|||||331,574|
||Elderly Horne Project (India)|||||166,000||
||Projects (Sri Lanka)|||||6,989|33,708|
||Charitable
Activities|(UK)||||16,487|14,348|
|||||||466,176|667,596|
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|SUPPORT COSTS|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||Governance||
||||Management||Finance|Other|costs|Totals|
|Centre Overhead|||||||||
|Expenditure||||59,083||28,526|9,000|96,609|
|Building Maintenance|dr||||||||
|Running
Cost||||94,680||63,878||158,558|
|Finance Charges|||||3,084|||3,084|
|Legal and professional||cost||||27,400||27,400|
|Travel Expenses||||||46,179||46,179|
|Motor Expenses||||||709||709|
|||||153,763|3,084|166,692|9,000|332,539|
|NET INCOME/(EXPENDITURE)|||||||||
|Net income/(expenditure)||is|stated|after charging/(crediting):|||||
||||||||31.5.23|31.5.22|
|Auditors'
remuneration|||||||9,000|8,400|
|Depreciation - owned|assets||||||12,139|1,803|
##
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|COMPARATIVES FOR THE STATEMENT OFFINANCIAL AC|TIVITIES|
|---|---|
||Unrestricted|
||fund|
|INCOME AND ENDOWMENTS FROM||
|Donations
and legacies|1,159,872|
|Other trading activities|92,834|
|Investment
income|88|
|Total|1,252,794|
|EXPENDITURE ON||
|Raising funds|36,364|
|Charitable
activities||
|Projects (india)|287,966|
|Barnet Conununity
Centre Project|331,574|
|Projects (Sri Lanka)|33,708|
|Centre Overhead
Expenditure|53,791|
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|COMPARATIVES||FORTHE S|TATEMENT OF FINANCIAL AC|TIVITIES - continued|
|---|---|---|---|---|
|||||Unrestricted|
|||||fund|
|Charitable
Activities||(UK)||14,348|
|Building Maintenance||&Running|Cost|87)517|
|Finance Charges||||2,256|
|Legal and professional
Travel Expenses||cost||1,240
~27 627|
|Total||||876,391|
|NET INCOME||||376,403|
|RECONCILIATION||OFFUNDS|||
|Total funds brought|forward|||454,017|
|TOTAL FUNDS CARRIED FORWARD||||830,420|
##
|TANGIBLE FIXEDASSE|TS|||||
|---|---|---|---|---|---|
||||Fixtures|||
||Freehold|Jewellery|and|Motor||
||property|&Valuables|fittings|vehicles|Totals|
||8|||||
|COST||||||
|At 1 June 2022||||14,084|14,084|
|Additions|1,978,345|14,008|7,000||1,999,353|
|At 31May 2023|1,978,345|14,008|7,000|14,084|2,013,437|
|DEPRECIATION||||||
|At 1 June 2022
Charge for year|10,580||117|6,873
1,442|6,873
~12139|
|At31 May 2023|10,580||117|8,315|19,012|
|NET BOOKVALUE
At 31May 2023|1,967,765|~14 008|~6883|~5769|1,994,425|
|At 31May 2022||||7211|7211|
##
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|13.|STOCKS||||||
|---|---|---|---|---|---|---|
||||||31.5.23|31.5.22|
||||||8||
||Stocks||||3,120|3,120|
|14.|DEBTORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
||||||31.5.23|31.5.22|
||||||8||
||Other debtors||||6,000||
|15.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||31.5.23|31.5.22|
||Other creditors||||34,666||
||Accrued expenses||||21,000|10,800|
||||||55,666|10,800|
|16.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN|||ONE|YEAR||
||||||31.5.23|31.5.22|
||||||f.||
||Bank loans (see note 17)||||30,748|40,494|
|17.|LOANS||||||
||An analysis ofthe maturity ofloans is given below:||||||
||||||31.5.23|31.5.22|
||Amounts
falling between one snd two years:||||||
||Bank loans -|1-2years|||30,748|40,494|
|18.|MOVEMENT IN FUNDS||||||
||||||Net||
||||||movement|At|
||||At|1/6/22|in funds|31/5/23|
|||||I|||
||Unrestricted|funds|||||
||General fund||830,420||1,282,175|2,112,595|
||TOTAL FUNDS||830,420||~1282 175|2,112,595|
##
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|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||8||g|
|Unrestricted|funds||||
|General fund||2,135,682|(853,507)|1,282,175|
|TOTAL FUNDS|||||
##
|Comparatives|for movement
in funds||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1/6/21|in funds|31/5/22|
|||f,|||
|Unrestricted|funds||||
|General fund||454,017|376,403|830,420|
|TOTAL FUNDS||454,017|376,403|830420|
|||Incotning|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||1,252,794|(876,391)|376,403|
|TOTALFUNDS||~1252794|~876,391)|376,403|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1/6/21|in funds|31/5/23|
|Unrestricted|funds||||
|General fund||454,017|1,658,578|2,112,595|
|TOTAL FUNDS||454,017|1,658,578|2,112595|
##
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||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
||||k|||
||Unrestricted|funds||||
||General fund||3,388,476|(1,729,898)|1,658,578|
||TOTAL FUNDS||3,388,476|~1729,898)|1,658,578|
|19.|RELATED|PARTY DISCLOSURES||||
##
|||31.5.23|31.5.22|
|---|---|---|---|
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||||
|Donations||1,961,210|1,152,721|
|Money BoxCollection||106,037|7,151|
|Other Incoine||6,074||
|||2,073,321|1,159,872|
|Other trading activities||||
|Just giving charitable project||60,389|92,834|
|Investment
income||||
|Bank Interest Received||1,972|88|
|Total incoming resources||2,135,682|1,252,794|
|EXPENDITURE||||
|Raising donations|and legacies|||
|Donation and Gifi||54,792|36,364|
|Charitable
activities||||
|Grants to institutions||466,176|667,596|
|Support costs||||
|Management||||
|Rates and water||3,641|6,650|
|Insurance||949|716|
|Light and heat||45,225|15,685|
|Telephone||1,836|1,840|
|Postage and stationery||2,153||
|Advertising||8,629|36,308|
|General Expenses||33377|11,951|
|Rent||45,814|38,700|
|Freehold property||10,580||
|Fixtures and fittings||117||
|Motor vehicles||1,442|1,803|
|||153,763|113,653|
|Finance||||
|Bank charges||2,182|1,113|
|Bank loan interest||902|1,143|
|||3,084|2,256|
##
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|||31.5.23|31.5.22|
|---|---|---|---|
|Finance||||
|Other||||
|Repairs kMaintenance||82,050|29,298|
|Motor &Travel||46,888|15,677|
|Computer
Cost||2,721|1,907|
|Legal and professional|cost|27,400|1,240|
|StaffWelfare||7,633||
|||166,692|48,122|
|Governance
costs||||
|Auditors'
remuneration||9,000|8,400|
|Total resources expended||853,507|876,391|
|Net income||1,282,175|376,403|