| Page | ||||
|---|---|---|---|---|
| Charity information | ||||
| Trustees' Annual Report |
1 | |||
| Statement ofdirectors' | responsibilities | 10 | ||
| Independent Accountant's |
Report | 11 | ||
| Funds Statements:- | ||||
| Statement of Financial |
Activities | 13 | ||
| Balance sheet | 14 | |||
| Cash flow statement | 15 | |||
| Notes to the accounts | 17 |
| The financial position ofthe charity at 30June 2021 and |
The financial position ofthe charity at 30June 2021 and |
comparatives | for the prior period, as |
|---|---|---|---|
| more fully detailed | in the accounts, can be summarised | as follows:- | |
| 2021 | 2020 | ||
| Net income | (309,900) | 49,336 | |
| Unrestricted Revenue Funds available for the general purposes ofthe charity |
28,471 | 342,714 | |
| Restricted Revenue |
Funds | 14,688 | 10,345 |
| Total Funds | 43,159 | 353,059 |
| SORP | Current year | Current year | Current year | Prior Year | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||||
| Funds | Funds | ||||||
| 2021 | 2021 | 2021 | 2020 | ||||
| E | F | ||||||
| Income &Endowments | from: | ||||||
| Donations 8 Legacies |
A1 | 37,108 | 49,563 | 86,671 | 57,992 | ||
| Investments | A4 | 6 | 6 | 314 | |||
| Total income | 37,114 | 49,563 | 86,677 | 58,306 | |||
| Expenditure on: |
|||||||
| Raising funds | B1 | 5,731 | 5,731 | ||||
| Charitable activities |
B2 | 291,711 | 45,220 | 336,931 | 59,018 | ||
| Total expenditure | B | 297,442 | 45,220 | 342,662 | 59,018 | ||
| Net (loss)/gains on investments |
B4 | (53,915) | (53,915) | 50,048 | |||
| Net income for the year | (314,243) | 4,343 | (309,900) | 49,336 | |||
| Net income after transfers | A-B-C | (314,243) | 4,343 | (309,900) | 49,336 | ||
| Net movement in funds |
(314,243) | 4,343 | (309,900) | 49,336 | |||
| Reconciliation offunds:- |
|||||||
| Total funds brought | forward | 342,714 | 10,345 | 353,059 | 303,723 | ||
| Total funds carried forward | 28,471 | 14,688 | 43,159 | 353,059 |
| SORP | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | Ref | 2021 | 2020 | ||||||
| F | E | ||||||||
| Fixed assets | A | ||||||||
| Tangible assets | 9 | A2 | 1,012 | 1,350 | |||||
| Investments | held as | fixed assets | A4 | ||||||
| Total fixed assets | 1,012 | 1,350 | |||||||
| Current assets | B | ||||||||
| Cash at bank | and in |
hand | B4 | 42,147 | 36,349 | ||||
| Net current assets | 42,147 | 351,709 | |||||||
| The total net | assets | ofthe charity | 43,159 | 353,059 | |||||
| The total net | assets | ofthe charity are funded | by the funds ofthe | charity, as follows:- | |||||
| Restricted funds | |||||||||
| Restricted Revenue |
Funds | 12 | D2 | 14,688 | 10,345 | ||||
| 14,688 | 10,345 | ||||||||
| Unrestricted | Funds | ||||||||
| Unrestricted | Revenue | Funds | 12 | D3 | 28,471 | 342,714 | |||
| 28,471 | 342,714 | ||||||||
| Total charity | funds | 43,159 | 353,059 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| f | ||||||||
| Cash flows from operating | activities | |||||||
| Net cash provided by operating |
activities as shown | below | 5,792 | 49,471 | ||||
| Cash flows from investing | activities | |||||||
| Interest received | ||||||||
| Other investment income, including rents from investments |
314 | |||||||
| Purchase of property, plant and |
equipment | (1,149) | ||||||
| Purchase of investments | ||||||||
| Net cash provided by investing activities |
B | (835) | ||||||
| Cash flows from financing | activities | |||||||
| Net cash provided by financing activities |
||||||||
| Overall cash provided by all activities |
A+B+C | 5,798 | 48,636 | |||||
| Cash movements | ||||||||
| Change in cash and cash equivalents from activities |
in | the | ||||||
| year ended 30June 2021 | 5,798 | 48,636 | ||||||
| Cash and cash equivalents at |
1 July 2020 | 36,349 | ||||||
| Change in cash and cash equivalents due to exchange |
rate | movements | ||||||
| Cash at bank and in hand | less overdrafts | at | 30 | June | 42,147 | 48,636 |
| Net income as shown |
in the Statement | in the Statement | of Financial Activities | (309,900) | 49,336 |
|---|---|---|---|---|---|
| Adjustments for:- |
|||||
| Depreciation charges |
338 | 449 | |||
| Write downs of investments | |||||
| Net unrealised losses |
on investment | assets | |||
| Dividends, interest and |
rents from investments | (6) | (314) | ||
| Net cash provided | by operating | activities | 5,792 | 49,471 | |
| Analysis ofcash and cash equivalents | |||||
| 2021 | 2020 | ||||
| E | f | ||||
| Cash in hand at for the year ended 30 |
June 2021 | 42,147 | 36,349 | ||
| Notice deposits - (less | than 3 months) | ||||
| Total cash and cash equivalents | 42,147 | 36,349 |
| Nature of income | ||||||
|---|---|---|---|---|---|---|
| Gross income represents the value, net ofvalue added tax and discounts, of |
goods provided | to customers | and work | |||
| carried out in respect ofservices provided to customers. |
||||||
| Categories of Income | ||||||
| Income is categorised as income from exchange transactions (contract income) |
and income from non-exchange | |||||
| transactions (gifts), investment income and other income. |
||||||
| Income from exchange transactions is received by the charity for goods or |
services supplied under contract or where |
|||||
| entitlement is subject to fulfilling performance related conditions. The income |
the charity receives is approximately | equal | ||||
| in value to the goods or services supplied by the charity to the purchaser. |
||||||
| Income from a non-exchange transaction is where the charity receives value from the donor without providing |
equal | |||||
| value in exchange, and includes donations of money, goods and services freely |
given without | giving equal | value | in | ||
| exchange. | ||||||
| Income recognition | ||||||
| Income, whether from exchange or non exchange transactions, is recognised |
in | the statement | of financial | activities | ||
| (SOFA) on a receivable basis, when a transaction or other event results in an |
increase in the |
charity's assets or | a | |||
| reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured |
||||||
| reliably. | ||||||
| Income subject to terms and conditions which must be met before the charity |
is | entitled to the | resources is not |
|||
| recognised until the conditions have been met. |
||||||
| All income is accounted for gross, before deducting any related fees or costs. |
||||||
| Policies relating to expenditure on goods and services provided to |
the charity. | |||||
| Recognition of liabilities and expenditure |
||||||
| A liability, and the related expenditure, is recognised when a legal or constructive |
obligation exists as a result ofa past |
|||||
| event, and when it is more likely than not that a transfer ofeconomic benefits |
will be required | in settlement, | and when | |||
| the amount of the obligation can be measured or reliably estimated. . |
||||||
| Liabilities arising from future funding commitments and constructive obligations, |
including performance related grants, |
|||||
| where the timing or the amount ofthe future expenditure required to settle the |
obligation are |
uncertain, give rise |
to | a | ||
| provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any |
||||||
| increases in liabilities, and is decreased by the utilisation of any provision within |
the period, and reversed | if any provision | ||||
| is no longer required. These movements are charged or credited to the respective funds and |
activities to which the | |||||
| provision relates. |
||||||
| Allocating costs to activities | ||||||
| Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and |
support | costs | ||||
| are apportioned between activities. |
| 5 | Net surplus | before tax in the | financi | al year | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||||
| F | ||||||||||
| The net surplus | before tax in the financial | year is stated | after | charging:— | ||||||
| Depreciation of |
owned fixed assets | 338 | 449 | |||||||
| 6 | Investment gains |
|||||||||
| Total realised | gains/(losses) | (53,915) | (53,915) | 50,048 | ||||||
| All the gains and losses in the prior year was unrestricted. | ||||||||||
| 7 | Staff costs and emoluments | |||||||||
| Salary costs | 2021 | 2020 | ||||||||
| F | ||||||||||
| Gross Salaries | excluding trustees |
and key | management | personnel | 33,024 | 40,393 | ||||
| Employer's National Insurance for |
all staff | 1,255 | 3,602 | |||||||
| Total salaries, | wages and related | costs | 34,279 | 43,995 | ||||||
| The estimated full time equivalent |
number | of all staff employed | in | the year was | ||||||
| The estimated | full time equivalent number ofall staff |
employed as above |
| Current Year |
Plant & Machinery |
Total | |||
|---|---|---|---|---|---|
| Cost | |||||
| At 1 July 2020 | 3,367 | 3,367 | |||
| At 30June 2021 | 3,367 | 3,367 | |||
| Depreciation | |||||
| At 1 July 2020 | 2,017 | 2,017 | |||
| Charge for the year | 338 | 338 | |||
| At 30June 2021 | 2,355 | 2,355 | |||
| Net book value | |||||
| At 30June 2021 | 1,012 | 1,012 | |||
| At 30June 2020 | 1,350 | 1,350 | |||
| 10 | Income and Expenditure | account summary | 2021 | 2020 | |
| At 1 July 2020 | 353,059 | 303,723 | |||
| Surplus after tax for the year | (309,900) | 49,336 | |||
| At 30June 2021 | 43,159 | 353,059 |
| At 30June 2021 | At 30June 2021 | Unrestricted | Restricted | Total |
|---|---|---|---|---|
| funds | funds | Funds | ||
| E | F | |||
| Tangible | Fixed Assets | 1,012 | 1,012 | |
| Current | Assets | 27,459 | 14,688 | 42,147 |
| 28,471 | 14,688 | 43,159 | ||
| At1 July2020 | Unrestricted | Restricted | Total | |
| funds | funds | Funds | ||
| E | E | E | ||
| Tangible | Fixed Assets | 1,350 | 1,350 | |
| Current | Assets | 341,364 | 10,345 | 351,709 |
| 342,714 | 10,345 | 353,059 |
| Change in total f |
un | ds ove | r the | year as show | n in Note 11,analys |
ed by individu |
ed by individu |
al funds |
al funds |
|
|---|---|---|---|---|---|---|---|---|---|---|
| Funds brought | Movement in |
Transfers | Funds carried | |||||||
| forward from |
funds | in 2021 | between | forward to | ||||||
| 2020 | funds | in 2021 | 2022 | |||||||
| See Note 13 | ||||||||||
| E | ||||||||||
| Unrestricted and designated |
funds:- | |||||||||
| Unrestricted Revenue |
Funds | 342,714 | (314,243) | 28,471 | ||||||
| Total unrestricted | and designated | funds | 342,714 | (314,243) | 28,471 | |||||
| Restricted funds:- | ||||||||||
| Zakat Reserve | 9,329 | (8,065) | 1,264 | |||||||
| Sadaqa Reserve | 995 | 5,876 | 6,871 | |||||||
| Prison Reserve | 21 | 21 | ||||||||
| Education Fund Reserve |
6,532 | 6,532 | ||||||||
| Total restricted funds | 10,345 | 4,343 | 14,688 | |||||||
| Total charity funds | 353,059 | (309,900) | 43,159 |
| Other | ||||||
|---|---|---|---|---|---|---|
| Income | Expenditure | Gains & | Movement | |||
| Losses | in funds | |||||
| 2021 | 2021 | 2021 | 2021 | |||
| E | E | |||||
| Unrestricted and designated |
funds:- | |||||
| Unrestricted Revenue |
Funds | 37,114 | (297,442) | (53,915) | (314,243) | |
| Restricted funds:- | ||||||
| Zakat Reserve | 28,055 | (36,120) | (8,065) | |||
| Sadaqa Reserve | 6,496 | (620) | 5,876 | |||
| Qurbani Reserve |
2,860 | (2,860) | ||||
| Education Fund Reserve |
11,132 | (4,600) | 6,532 | |||
| Fidya Reserve | 1,020 | (1,020) |
| 16 | Donations, | Grants and | Grants and | Grants and | Grants and | Legacies | Legacies | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current year | Current year | Current year | Prior Year | |||||||||||
| Unrestricted | Restricted | Total Funds | Total Funds | |||||||||||
| Funds | Funds | |||||||||||||
| 2021 | 2021 | 2021 | 2020 | |||||||||||
| Donations and |
gifts | from | individuals | |||||||||||
| Small donations | individually | less than | 61000 | 5,558 | 49,563 | 55,131 | 57,992 | |||||||
| Total donations individuals |
and gifts | from | 5,568 | 49,563 | 55,131 | 57,992 | ||||||||
| All the donations | and | gifts | in the prior | year were | unrestricted. | |||||||||
| Donations and |
gifts | from | individuals | (Include | HMRC | refunds on gift |
aided donations) | -Prior Year | analysis | |||||
| Prior Year | Prior Year | Prior Year | ||||||||||||
| Unrestricted | Restricted | Total Funds | ||||||||||||
| Funds | Funds | |||||||||||||
| 2020 | 2020 | 2020 | ||||||||||||
| Prior year | 41,164 | 16,828 | 57,992 | |||||||||||
| Current year | Current year | Current year | Prior Year | |||||||||||
| Unrestricted | Restricted | Total Funds | Total Funds | |||||||||||
| Funds | Funds | |||||||||||||
| 2021 | 2021 | 2021 | 2020 | |||||||||||
| Revenue grants | from government | and | ||||||||||||
| public bodies | ||||||||||||||
| HMRC CJRS | 31,540 | 31,540 | ||||||||||||
| Total public sector | revenue grants | 31,540 | 31,540 | |||||||||||
| Total Donations, | Grants and | Legacies | ||||||||||||
| Total Donations, Legacies |
Grants and | 37,108 | 49,563 | 86,671 | 57,992 |
| Unrestricted | Unrestricted | Restricted | Prior Year | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Prior year | Funds | Funds | Total Funds | ||||||||
| 2020 | 2020 | 2020 | |||||||||
| E | E | E | |||||||||
| Total Donations, Legacies |
Grants and | 41,164 | 16,828 | 57,992 | |||||||
| 17 | Investment | income | |||||||||
| Current year | Current year | Current year | Prior Year | ||||||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||||
| Funds | Funds | ||||||||||
| 2021 | 2021 | 2021 | 2020 | ||||||||
| Bank Interest | Receivable | ||||||||||
| Other Investment | Income | 314 | |||||||||
| Total investment | income | A4 | 6 | 314 | |||||||
| 18 | Expenditure | on | charitable | activities- Grant funding | ofactivities | ||||||
| Current year | Current year | Current year | Prior Year | ||||||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||||
| Current Year | Funds | Funds | |||||||||
| 2021 | 2021 | 2021 | 2020 | ||||||||
| E | E | E | |||||||||
| Grants made | to | organisations | 255,715 | 45,220 | 300,935 | 10,350 | |||||
| Total grantmaking | costs | B2c | 255,715 | 45,220 | 300,935 | 10,350 | |||||
| Breakdown | of | Grants made to organisations | |||||||||
| Current year | Current year | Current year | |||||||||
| Current Year | Unrestricted Funds |
Restricted Funds |
Total Funds | ||||||||
| 2021 | 2021 | 2021 | |||||||||
| Africa Amanah | Foundation | 255,715 | 40,000 | 295,715 | |||||||
| Dar al Inayah | 4,600 | 4,600 | |||||||||
| Gambia Funds |
620 | 620 | |||||||||
| 255715 | 45220 | 300935 | |||||||||
| All the expenditure | in the prior year was unrestricted. | ||||||||||
| Prior Year | Prior Year | Prior Year | |||||||||
| Unrestricted | Restricted | Total Funds | |||||||||
| Prior Year | Funds | Funds | |||||||||
| 2020 | 2020 | 2020 | |||||||||
| Grants made | to | organisations | 10,350 | 10,350 | |||||||
| Total grantmaking | costs | B2c | 10,350 | 10,350 | |||||||
| All the expenditure | in the prior year was unrestricted. | ||||||||||
| Breakdown | of | Grants made to organisations | |||||||||
| Prior Year | Prior Year | Prior Year | |||||||||
| Prior Year | Unrestricted Funds |
Restricted Funds |
Total Funds | ||||||||
| 2020 | 2020 | 2020 | |||||||||
| E | E | E | |||||||||
| Gambia Food | Distribution | 10,000 | 10,000 | ||||||||
| Gambia Zakatul | Fitr | 350 | 350 | ||||||||
| 10350 | 10350 |
| 19 | Support costs for charitable | Support costs for charitable | activities | activities | ||||
|---|---|---|---|---|---|---|---|---|
| Current year | Current year | Current year | Prior Year | |||||
| Unrestricted | Restricted | Total Funds | Total Funds | |||||
| Current Year | Funds | Funds | ||||||
| 2021 | 2021 | 2021 | 2020 | |||||
| 9 | E | |||||||
| Employee costs notincludedin | direct costs | |||||||
| Salaries - Administrative | staff | 33,024 | 33,024 | 40,393 | ||||
| Employers' Nl - Administrative |
staff | 1,255 | 1,255 | 3,602 | ||||
| Training and welfare - |
staff | 1,330 | 1,330 | 1,330 | ||||
| Travel and subsistence | -staff | 1,535 | ||||||
| Administrative overheads |
||||||||
| Telephone, fax and internet |
859 | |||||||
| Software licences and | expenses | 500 | ||||||
| Financial costs | ||||||||
| Bank charges | 49 | 49 | ||||||
| Depreciation &Amortisation in |
total for | 338 | 338 | |||||
| Support costs before | reallocation | 35,996 | 35,996 | 48,668 | ||||
| Total support costs - | Current | Year | 35,996 | 35,996 | 48,668 |
| 20 | Total Charitable | Total Charitable | expenditure | expenditure | |||||
|---|---|---|---|---|---|---|---|---|---|
| Current year | Current year | Current year | Prior Year | ||||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||
| Current Year | Funds | Funds | |||||||
| 2021 | 2021 | 2021 | 2020 | ||||||
| 2 | 6 | 2 | |||||||
| Total grantmaking | costs | B2c | 255,715 | 45,220 | 300,935 | 10,350 | |||
| Total support | costs | B2d | 35,996 | 35,996 | 48,668 | ||||
| Total charitable | expenditure | B2 | 291,711 | 45,220 | 336,931 | 59,018 | |||
| Prior Year | Prior Year | Prior Year | |||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Prior Year | Funds | Funds | |||||||
| 2020 | 2020 | 2020 | |||||||
| Total grantmaking | costs | B2c | 10,350 | 10,350 | |||||
| Total support | costs | B2d | 48,668 | 48,668 | |||||
| Total charitable | expenditure | B2 | 48,668 | 10,350 | 59,018 | ||||
| 21 | Expenditure | on | raising funds | and costs of investment management |
|||||
| Current year | Current year | Current year | Prior Year | ||||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||
| Current Year | Funds | Funds | |||||||
| 2021 | 2021 | 2021 | 2020 | ||||||
| 6 | 2 | ||||||||
| Investment management |
costs | 5,731 | 5,731 | ||||||
| Total fundraising | costs | B1 | 5,731 | 5,731 |