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





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|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<br>Keenan|||||
|||Mr Terence Ascott|||||
|||Miss Rita El-Mounayer|||||
|Independent|examiner:|Neil Kingston<br>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<br>inn Square,|||||
|||Gray's<br>Inn,|||||
|||London WC1R 5JQ|||||







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|PARS MEDIA TR<br>STATEMENT OF FIN<br>YEAR ENDED 31 D|UST<br>ANC<br>ECEM|IAL ACTIVITIES {INC<br>BER 2020|LUDING INCOM|E AND EXPENDITUR|E ACCOUNT}|
|---|---|---|---|---|---|
|||||Total funds|Total funds|
|||||2020|2019|
||||Note|||
|Income from:||||||
|Charitable<br>activities<br>Television<br>production<br>Rental income|income|||521,206<br>2,100|436.326|
|Total income||||523,306|436,326|
|Expenditure<br>on:<br>Charitable<br>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|





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|PARS MEDIA T<br>BALANCE SHEET|PARS MEDIA T<br>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<br>funds|||14|83,412||299|
|Designated<br>funds|||14|110,764||151,707|
|Total funds||||194,176||152,006|



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





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|2|Expenditure<br>on: Ch|arit|able<br>activiti|es|||||
|---|---|---|---|---|---|---|---|---|
|||||||Support|||
||||||Staff Costs|Costs|Total funds|Total funds|
|||||Direct Costs<br>f|(Note 5)|(Note 3)<br>f|2020<br>f|2019|
||Television<br>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<br>f|(Note 5)<br>f|(Note 3)<br>f|2019<br>f||
||Television<br>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<br>f|
||Freight and transport<br>Travel 8 subsistence|||||37<br>2,514||l52<br>8,283|
||Hospitality<br>&gifts<br>Entertaining<br>Software|||||800<br>726||240|
||Studio maintenance<br>and cleaning<br>Legal and professional<br>fees<br>Depreciation<br>Rent and storage<br>Utilities<br>Office supplies<br>Telephone<br>& internet<br>Printing,<br>postage<br>and stationery<br>Insurance<br>Sundry costs<br>Governance<br>costs|||||7,805<br>1,264<br>46,938<br>25,331<br>3,541<br>1,067<br>1,628<br>100<br>973<br>3,291<br>2,384||9,780<br>3,684<br>54,667<br>25,3":0<br>3,630<br>1,035<br>1,795<br>3<br>2,584<br>74?<br>1,660|





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|This is stated after charging:||||||
|---|---|---|---|---|---|
|||||Total Funds|Total Funds|
|||||2020f|2019|
|Depreciation||||46,938|54,667|
|independent<br>examiner's<br>fee:<br>For independent<br>examination<br>For preparation<br>of statutory|accounts|||953<br>952|756<br>756|
|(Over)!under<br>accrual on prior|year independent|examination|fee|303|(500)|



|The aggregate|payroll costs were:|Total Funds|Total Funds|
|---|---|---|---|
|||2020|2019|
|||K||
|'Rages 8 salaries<br>Sociai security costs<br>Pensions||256,757<br>13,524<br>6,406|2",9.690<br>12,064<br>5,066|
|Other staff costs||200|2.433|
|||276,887|239,25 ~|



|The ave|rag|e<br>weekly number of employees<br>d|uring the year was as follows:||
|---|---|---|---|---|
||||2020|2019|
||||No.|No.|
|Number|of|staff|15|13|



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|7|Tangible fixed assets|Tangible fixed assets||||||
|---|---|---|---|---|---|---|---|
||||Studio Fixtures|Studio|Office|IT||
||||8 Fittings<br>f|Equipment<br>f|Equipment<br>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<br>and deferred|income|||7.905||6,823|
||Other liabilities||||2,869||10.699|
||||||16,287||19,758|





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|||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<br>of net|mov|ement<br>in funds|to n|et cash inflow|from operating<br>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<br>in hand||||||91,810|15,429|76,381|
||||||||2019|2018|Change|
||||||||||f.|
||Cash at bank and<br>in hand||||||15,429|18,827|{3,398)|





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|Movement|in funds||||||
|---|---|---|---|---|---|---|
|||At||||At|
|||1Jan||||31 Dec|
|||2020|Income|Expenditure|Transfers|2020|
|||E||E|||
|Unrestricted|funds||||||
|Designated<br>fund<br>General funds||151,707<br>299|523,306|(46,938)<br>(434,198)|5,995<br>(5,995)|1!0?64<br>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<br>fund<br>General<br>funds||192,465|436,326|(54,667)<br>(422,118)|13,909<br>(13,909)|151,707<br>299|
|Total funds||192,465|436,326|~(476,785||152,006|





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