**Company Registration No. 07687912 (England and Wales)** **ZAD FOUNDATION ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2021** ## **ZAD FOUNDATION ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2021** |**CONTENTS**|**PAGE**| |---|---| |Company information|3| |Directors' report|4| |Income statement|5| |Statement of financial position|6| |Detailed income statement|7| - 2 - **ZAD FOUNDATION COMPANY INFORMATION FOR THE YEAR ENDED 30 JUNE 2021** **Directors** Selwa AL-ABDALI Abdulmajeed AL-ABDALI Al Buder Ben AL HIRSI **Company Number** 07687912 (England and Wales) **Registered Office** 213 EVERSHOLT STREET LONDON NW1 1DE **Accountants** Austin Associates Basement Floor, 8, Shepherds Bush Road, London W6 7PJ - 3 - **ZAD FOUNDATION DIRECTORS' REPORT FOR THE YEAR ENDED 30 JUNE 2021** The directors present their report and accounts for the year ended 30 June 2021. ## **Directors** The following directors held office during the whole of the period: Selwa AL-ABDALI Abdulmajeed AL-ABDALI Al Buder Ben AL HIRSI ## **Statement of directors' responsibilities** The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Small company provisions** This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Signed on behalf of the board of directors ............................................................................ Selwa AL-ABDALI Director Approved by the board on: 30 June 2022 - 4 - **ZAD FOUNDATION INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2021** |Turnover
Other income
Cost of raw materials and consumables
Staff cost
Other charges
Profit/(loss)|**2021**
**£**
15,000
11,586
-
(2,501)
(17,086)
6,999|**2020**
**£**
15,368
(8,000)
(427)
(380)
(18,266)| |---|---|---| |||(11,705)| - 5 - ## **ZAD FOUNDATION STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2021** |Fixed assets
Current assets
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more than one year
**Net liabilities**
**Capital and reserves**
**NOTES TO THE ACCOUNTS**|11,390|**2021**
**£**
2,430
11,390
13,820
(34,747)
(20,927)
(20,927)|4,042|**2020**
**£**
430
4,042| |---|---|---|---|---| |||||4,472
(32,398)| |||||(27,926)| |||||| |||||(27,926)| |||||| ## **1 Statutory information** ZAD FOUNDATION is a private company, limited by shares, registered in England and Wales, registration number 07687912. The registered office is 213 EVERSHOLT STREET, LONDON, NW1 1DE. ## **2 Average number of employees** During the year the average number of employees was 3 (2020: 3). For the year ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. Approved by the board on 30 June 2022 Selwa AL-ABDALI Director Company Registration No. 07687912 - 6 - ## **ZAD FOUNDATION DETAILED INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2021** |**ZAD FOUNDATION**
**DETAILED INCOME STATEMENT**
**FOR THE YEAR ENDED 30 JUNE 2021**||| |---|---|---| |This schedule does not form part of the statutory accounts.||| ||**2021**|**2020**| ||**£**|**£**| |**Turnover**||| |Sales|15,000|13,305| |Fees|-|2,063| ||15,000|15,368| |**Other income**||| |Other operating income|(1,100)|-| |Government grants|12,686|(8,000)| ||11,586|(8,000)| |**Cost of raw materials and consumables**||| |Purchases|-|427| |**Staff costs**||| |Wages and salaries|-|380| |Temporary staff and recruitment|700|-| |Staff training and welfare|1,649|-| |Travel and subsistence|152|-| ||2,501|380| |**Other**||| |Rent|6,690|4,164| |Light and heat|2,747|1,111| |Telephone and fax|210|10| |Postage|-|68| |Stationery and printing|952|-| |Subscriptions|188|30| |Bank charges|-|40| |Insurance|1,297|1,445| |Equipment expensed|1,328|3,071| |Repairs and maintenance|1,328|7,917| |Donations|-|250| |Sundry expenses|-|110| |Accountancy fees|250|-| |Other legal and professional|500|50| |Other direct costs|1,596|-| ||17,086|18,266| |**Profit/(loss) on ordinary activities before taxation**|6,999|(11,705)| - 7 -