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2020-12-31-accounts

CONTENTS PAGES
Reference
8 Administrative
Information
Trustees'
Annual
Report		 2-3
Statemer.:tsofTrustees' Responsibilities
Independent
Examiner's		 Report
Statement
of Financial		 Activities
Balance Sheet
Cash F:'ow Statement
Notes to the Financial Statements 9-16

Registered office: Unit 14,
Park Royal Metro Centre,
Britannia Way,
London,
England,
NW10 7PA
Trustees: Mr Malcolm Steer (Chairman)
Mr Roy Kemp (Treasurer)
The Revd Amir Bazmjou
The Revd Mansour Borji (resigned 40ctober)
Mr John Clark
Mrs Rachel Fadipe
Mr Panayiotis
Keenan
Mr Terence Ascott
Miss Rita El-Mounayer
Independent examiner: Neil Kingston
FCA
Burton Sweet Chartered Accountants
The Clock Tower
5 Farleigh Court
Old Weston Road,
Flax Bourton,
Bristol, BS481UR
Bankers: Barclays Bank PLC,
Acorn House,
36-38 Park Royal Road.
London, NW10 7JA
Triodos Bank,
Deanery Road,
Bristol BS15AS
Solicitors: Wellers Law Group LLP (incorporating Cooke Matheson Solicitors).
7-8 Gray's
inn Square,
Gray's
Inn,
London WC1R 5JQ

PARS MEDIA TR
STATEMENT OF FIN
YEAR ENDED 31 D		 UST
ANC
ECEM		 IAL ACTIVITIES {INC
BER 2020		 LUDING INCOM E AND EXPENDITUR E ACCOUNT}
Total funds Total funds
2020 2019
Note
Income from:
Charitable
activities
Television
production
Rental income		 income 521,206
2,100		 436.326
Total income 523,306 436,326
Expenditure
on:
Charitable
activities		 481,136 476.785
Total expenditure 481,136 476,785
Net incomei{expenditure) for the period 42,170 (40.459)
Total funds brought forward 13 152,006 192,465
Total funds carried forward 194,176 152,006

PARS MEDIA T
BALANCE SHEET		 PARS MEDIA T
BALANCE SHEET		 RUST
AT 31 DECEMBER 2020 Company number: 07851180
2020 2019
Note F E
Fixed Assets
Tangible fixed assets 110,764 151.707
Current assets
Debtors 7,889 4.628
Cash at bank 91,810 15.429
99,699 20,057
Creditors: Amounts falling
due within one year (16,287) {19,758
Net current assets 83,412 299
Net assets 194,176 152,006
Unrestricted funds
General
funds		 14 83,412 299
Designated
funds		 14 110,764 151,707
Total funds 194,176 152,006

Note 2020f
Net cash inflow from operating activities 82,376 (549)
Non-operational
cash flows:
Investing activities
Payments
for tangible		 fixed assets (5,995) f2 849)
(5,995) (2,849)
Net cash inflowi(outflow) for the year 76,381 (3,398)

2 Expenditure
on: Ch		 arit able
activiti		 es
Support
Staff Costs Costs Total funds Total funds
Direct Costs
f		 (Note 5) (Note 3)
f		 2020
f		 2019
Television
production		 105,850 276,887 98,399 481,136 476. 85
105,850 276,887 98,399 481,136 476,785
Prior year comparative Support
Staff Costs Costs Total funds
Direct Costs
f		 (Note 5)
f		 (Note 3)
f		 2019
f
Television
production		 123,962 239,253 113,570 476,785
123,962 239,253 113,570 476,785
3 Support Costs Total funds Total funds
2020f 2019
f
Freight and transport
Travel 8 subsistence		 37
2,514		 l52
8,283
Hospitality
&gifts
Entertaining
Software		 800
726		 240
Studio maintenance
and cleaning
Legal and professional
fees
Depreciation
Rent and storage
Utilities
Office supplies
Telephone
& internet
Printing,
postage
and stationery
Insurance
Sundry costs
Governance
costs		 7,805
1,264
46,938
25,331
3,541
1,067
1,628
100
973
3,291
2,384		 9,780
3,684
54,667
25,3":0
3,630
1,035
1,795
3
2,584
74?
1,660

This is stated after charging:
Total Funds Total Funds
2020f 2019
Depreciation 46,938 54,667
independent
examiner's
fee:
For independent
examination
For preparation
of statutory		 accounts 953
952		 756
756
(Over)!under
accrual on prior		 year independent examination fee 303 (500)
The aggregate payroll costs were: Total Funds Total Funds
2020 2019
K
'Rages 8 salaries
Sociai security costs
Pensions		 256,757
13,524
6,406		 2",9.690
12,064
5,066
Other staff costs 200 2.433
276,887 239,25 ~
The ave rag e
weekly number of employees
d		 uring the year was as follows:
2020 2019
No. No.
Number of staff 15 13

7 Tangible fixed assets Tangible fixed assets
Studio Fixtures Studio Office IT
8 Fittings
f		 Equipment
f		 Equipment
f		 Equipmentf Totalf
Cost
At 1 January 2020 237,286 181,519 7,746 37,072 463,623
Additions 904 5,091 5.995
At 31 December 2020 237,286 182,423 7,746 42,163 469.618
Depreciation
At 1 January 2020 163,570 114,939 3,918 29,489 311,916
Charge for the year 23,729 16,951 696 5,562 46,938
At 31 December 2020 187,299 131,890 4,614 35,051 358,854
Net book value
At 31 December 2020 49,987 50,533 3,132 7,112 110,764
At 31 December 2019 73,716 66,580 3,828 7,583 151,707
8 Debtors
2020f 2019
VAT reclaimable 3,848 4.628
Other debtors 4,041
7,889 4,628
9 Creditors: Amounts falling due within one year
2020 2019
f
Trade creditors 5,513 2,236
Accruals
and deferred		 income 7.905 6,823
Other liabilities 2,869 10.699
16,287 19,758

2020 2019
Land 8 Lar.:d8
Buildings Bui!dir.:gs
E
V/ithin one year 24.000 24.000
Vvithin 2 to 5 years 6,000 30,000
11 Reconcili ation
of net		 mov ement
in funds		 to n et cash inflow from operating
activ		 ities
2020 2019
Statement of Financial Activities: Net movement in funds 42,170 (40,459)
Depreciation 46,938 54,667
increase I(decrease) in creditors (3,471) (16,500)
Decrease I (increase) in debtors {3,261) 1,743
Net cash {outflow)/inflow from operating activities 82,376
12 Analysis of changes in cash during the year
2020f 2019 Change
Cash at bank and
in hand		 91,810 15,429 76,381
2019 2018 Change
f.
Cash at bank and
in hand		 15,429 18,827 {3,398)

Movement in funds
At At
1Jan 31 Dec
2020 Income Expenditure Transfers 2020
E E
Unrestricted funds
Designated
fund
General funds		 151,707
299		 523,306 (46,938)
(434,198)		 5,995
(5,995)		 1!0?64
83,412
Total funds 152,006 523,306 ~(481,136 194,176
Prior year comparative
At At
1Jan 31 Dec
2019 Income Expenditure Transfers 2019
f.
Unrestricted funds
Designated
fund
General
funds		 192,465 436,326 (54,667)
(422,118)		 13,909
(13,909)		 151,707
299
Total funds 192,465 436,326 ~(476,785 152,006