Company Registration No. 07966699 (England and Wales) Registered charlty number: 1150374 SHVBBAK: A WINDOW ON CO•rnPORARY ARAB CULTURE (A Not For Prollt Company Umited By Guaranlee) AND FINJNCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 3)21 CHANfER. BROWNE & CURRY Chartered Accountanis 1 P0 Place 72-74 Sl Dionis Rowj LryKlon SW6 4TU. JADRIWO 2510912021 COMPANIES HOLISE
SHUBBAL. A VdlNDOVI ON COIITEIAPORARY ARAB CULTURE CONTETrThS 10
SHUBBAK: A NDow ON COMTEMPORARY ARAB CULTURE REPORT OF THE TRiISTEES FOR THE YEAR ENDED 31 IURCH >)21 AWIMWWO (OM7FMpokur .IAi4B(ULWRE The trustees arè dirèctots ol the chity lor the ol the Corwies kt, present thew port ark the lirla1 ar ernled 31 March 2021 are also Fffepared 10 moet Ihe iewirements lor a The statemtnls c£ffipty ith the chare$ 2011. thè CompanM Acl 2006, the Memoranthm and AJhcles ol Associaln. and n &c4)Tdm witti the Staterwrf of RerommeThJed Pwli¢e'. AccwntirKJ aryj RÈportirYJ by Charitie5 prewiThJ their accounts wrth the FinaTh)al ReFwbng Swdard awicthe in th& UK and Republic of lielaNI IFRS 1021 i5SU8d in Caober 2019 aThJ tl FinKial Atp)itiThJ Startslard in thg Unrted lfjntylom and Rgpublic of Irelatyj {FRS 1¢)2} UK Gewalty Prxtice as it appl trom 1 January 2019. C13 r•p(xi 2tr20121 has been a chIeir¥ yw, iakèn up ty a $igrMficant ¢>Jtsiknert of #Llmlws aTrJ plans thè to the CIJ 19 pandemic. thays IAve boén oll.yearf in th8 banImal lesti¥al cydè. txrt a year lor Whil8 for thè lirsl 6 ol the year rThJst physKal &tNity to be st¢%¥ed aThY we were latitYJ signrficanl finwKial Irailty, we can sldl back on a year of aclMÈvèmants. irmMI1J an onlinè aTh pwti¢ipalK)n & erygement pwegramme. ¢¢nb"mAtTh ol Ywryj ShLthak, financi stabilisatn of the . acliv8 pLannI for thè 221 t¥41. ol a new cthair aTrJ appjintmert of an enlarged team to d81iver the 2021 lestfval. Shutoak has pyoven r¢5ilw¢e kwKt•atK#) li l¥thrwJ th8 clkn of Ihg y. n is well •Ju¥wJ to deltsverlho 27 lesliv. The purFose lrtiOCt) ol ts chway ig: The true89 confi IW Ily have C¥)m[ ith thg W in seiaty 17 of the Cknaritss Act 2011 to have due regard to the publ bÉnelil gum1 wbIL% by the CommissJn. In swrf'ng our Ot1tr¥eS lor the year arKI in anning our aclbvrt. the twstees have Cons¥je CorThntssw's gJxJan¢e on pubk benelil. ilUn9 . the gUIdae on public benetrt aThJ te? clwgrJ. StKknbak works in partW5hy wth arts inst11uts across London. and in setting the level of lees, clwges •J Co, thè trUte$ gr¥e ¢•lul wnsKleration to tha a(£essknlty Èvents ior Itosè on kn¥ iThx>mas. W• also tJr0d a ol Irt• w•nts were hald In tvder lo have the TP vis#>n Ihai shapes our yal tiVitieS is aThl Ic6WIj ol kr* &rMI th8 apprectal#Jn ol the , in partlar Imsè FYcxthKed by artists in or Arab Ihe pTovisKJn ol events f Iho
SHUBBAK. A MNDOW ON coiifEMPORARY ARAB CULTURE Lc45dUJ REPORT OF THE TRUSTEES ICONTThWED) FOR THE YEAR ENDEO 31 MARCH ay21 07•17 (QP0 .11W3L1IE to s a largtrscde hvtrweek festwd that offers Lcth, UK aThl abth"ènces ihe to dlscover erwsomg of the most ex¢itrrKJ Ixaws ol c4)nlemr•yary Arab Te, in partnershp with leajing culbjral organisath)rL3 in LorKkn. the UK and ts Arab TN)n. intemation pathersw aTrJ •xcharw ol audIen. possitrAè eomnwnty in Londm aThd in UK in knne t•hlh cwrenl btsiness pla As the off.year in Ihe lestivafs b¢ennial Lryde. the m&n tr¥Ity of Ihe clwity has been pL•)rMrvJ arKI preparirYJ lor thg 2021 fesiNal. In the Parthm fv plrrirwJ w•s sw8rdy Irèquanty w)lem1ptl lo wnstanuy uncertain coThJitions ol aThl teniatNe 0ing up ol I1bJ1aI s, closures of parfneT vewes, in11$ty to nd[l ¥IlS aThl ajrtwlrwrt of mterna¥ travel to frav¢l or quarantiNng testrKtws. The board corldered to 2tr21 festival at varNxJs 1rts. dways camè to tho tlon ihat holding a testpid in 2021 was irrywjtant lo gJwxJrt Ihe th•rtès, ark1 steIlle 110 7A seNè. Young Shubbak and intemat10ty. TP Onli shared in Jth&lJuty 2020 ty over 1500 people. ust 2020. In Juty and Wst Skwttd( l¢d pariKA'paW rylh Junction in Pèthli¢W B&sin. C9rapher Bèn Fury ton sassToYts wilh y£j aged 12.24. leaJiThJ to SI¢ Ilmed dae lilms in August with over 20 lrnqr Syrian leadry lo a miryostte. dwlay5 Contrjut of thè parbcipants. The wortsw feed into mapjccrynmissw lor Ihe artist for ¢hp fostival prograrnm¢ in Juty 2021. praclice. Frfesented in lIa)ration ¥Jilh ts 8riii5h ¢•J4. (knr 1wJ pe¢¥lo 1st 9 tYe¢emLw. lolk)wed by alurther event Ort 9 frAarth. P492
SHUBBAL. A fAINDOW ON coiifEIAPORARY ARAB CULTURE REPORT OF THE TRUSTEES (C014TINUED) FOR THE YEAR ENDED 31 MARCH 2021 AWNDOWON .(PRIB(ULILLgE Irtsits to irttèmati0 Oue to the panderrwe thére was no InteMb)n travel p) the tmrt Shubbak tcd( plKe in 8trategK intemalional online fora and cerenceS, salz fjobal cA)nfere tsn thg Fl8 of Festivds. and.thè lfttemalional F¢stival Acadèmy Atslièr. UK partners Shuttk c(rfrfinued to expaThJ 116 netxmkof in fv UK afKI th¥ek)ped ngw ¢0llaboAtis with Count8fjx)ints Arts, Chekna phIC Gardens. Th• Barta¢an arml Arfs TEAM AND MANAGEIAEI Fares lknussa as ExeVe tirectryin earfy 2020. &nce N)v•mÈer 2020 wè tr111 up th• tearn agaAI to deher the 2021 lestivaL Thi5 the aFpJintrnent of ryked extrernely wen with each other. Shubbak t4)ntinued to ha its ii the Bwtbsh C•nbe. Fin•n¢lal Vwility 2Wd0121 was a chleThJing year. A nurrthr of Shutthk's lurth swwM•d thir grant giving committnts due to thè pandmic. Inthvi&Jal Ih8tr ¢k¥wIX to CON1d41. We had to rwotiale fLtn(brs wylh somtr funders, as wg COLdd not wn pro1tr as on9nty en¥isJn8d. The period from .1 to tober ex{sed the charity to S3iMficant finwal fwlty. Ths was mrfTrJated by futhghwy starf a1 re¢knng Council Tational liance gran( the SU$$ of the Reery FWKI gTart reinstatemènl ol grant Ifom A M Tlis enJled to rAan •NI bryatty lor Iht 2021 l¢wd. and SplItTrY. ort 27 Febwary 2012" al regi%tered as a Chanty on 7 January 2013. It is Med by its Memrandum and Arttde8 dis1ved, each nmber wil c4)ntiilxrte up to £1 towards th¥ r*t of tss01 and the b'thfibOS inoJrred by lh& Chanty.
SHUBBAK: A WINDOW ON CONTEMPORARY ARAB CULTURE REp0F OFThE TRUSTEES ICONTINUEDI FOR THE YEAR ENDED 31 MAIICH 2rki IUU(ULTURE As sei out in I Artth ol A$sc¢1. th? mernber($l may PfOF#)se aTrJ aFfPJint any W11)g person to os a trustee fol Ihe Charlty. A Intsite's tsmi of Olf $ three year When nsIde11r9 a rinated IwLtr. the Charity WMII. lake Into accouni the ot intste8s. ol th& p¥op)seiJ tnJste8 and the required by Ihe charlty. The u¥teè$ arè also the directLVS ol the compary. We led a i#ruitmentlor a Char li eaty 2021. Th iothe app¢rth ol Sh&Jk El Dardiry. Trugtee ¥knllon •nd tralnl New tnjsiees t1 bè madts lamllkqr ¥•th the otiecw rAan frwl81 staKK8 of ts ¢hartty. TnMte8s also bg gNtn a copy of ts r•nl guthKe mat¢rial from tr Charity Commiss)n. An annual risk rewle Is uTrJerten by Ihe tnthes. The Tn exar11 ts fflw stratag4 iwiness arbj operabonal risks tknh ts charity laces ar•J VM Fxrt in pe lo mrfyte thes8 tsks. t756,4661. Expondikn• for thg Jpar. •xcbAing t1¢X41 s•rvic8s. arn0th lo £223.199 {2020: £676,053) and was prirnarity arltable obje¢bve. The Truslees have revfth¥ed fv dwws neets for reswves in kn wih ts guidaF• ossld by the Charity Commission. ensure the i£ sulltferrt money to corfThJe our core xtyvit durlTrJ a of unlor8seen drfli¢uMy" develop th• oroanisabon, irtknJiTrJ travd arNJ strategic rdaiionsh¥)s lo expand partnar5hip: Thg Trusteès have examined thè r8qUWèTnenl lor r•str¥s Mt investèd in tangib a58ets to cnver the maining committe(l operallonaj actiwti.es from kn)c(fft for three months. Based on ¢uTheni eommitments, this r•ww•m•nl is £48.C(K). any excwiond eosts of cinimstances. Attr dale, ts degynaie(J lur¥J arrWn¢ to £20.OCQ. Thè biennial 2021 lesipial look t4ace trom 20 17 21. kn tr r•4 T. Wrlh approL 45 events. l)olh online and physic. it achleved an atyJier¢e ol over 44.CrfXI aTrJ offere¢l a wAd&ratvJiry wogramme to meet our eharilablè obJ"eciives. In 2021r22 we atso t* plannifWJ a framtion to teadership with Ihe departur8 of the CEO Eckhard ThrnaF and a1n of ioiffl CEOS Alzo{l a Taghrid Choucair-vizoso In Septernter 2tr21. The chawity is devebpiThJ a new Flan far 2022rzJ ar•J slart•d ryc¢ess ol aFWyirYJ lor kn Cwncll EnglaTrJ NPO pern)d trom 2023 orrwards. Page 4
SHUBBAK: A WINDOW ON CONTEIIPORARY AIIAB CULTURE REPORT OF THE TRUSTEES (COIrnNUEDI FOR THE YEAR ENDED 31 PAARCH 2f21 A WINDOWO . IPA81LiTU Registergd ¢harity number 1150374 Compary nurrt Rwsiered off l Gouth Squwe LoTrJon EC4A 30E thJr•d¥lsers IndepeTrJenl Examlner 1 Plalo Place 72.74 St DK)nB Road SW6 4TU Sdlcltors Bolmonl Ho Sxabon Way West Swsex RH10 1JA Banke Lfojth TSB Bth( pk 1>21 The (knjrarn &wTey TW9 18P The directors of the chitab company1lh• dmwityl are ts trlee$ lor puw ol charty Jaw. Tr trletS aThJ May800n Pachachi (Char ufi1 3 March 2W21: In&j 3 20211 Shailia El Dafthry I Cha¥ from 3 1h *211 Aafon Cezar Lynn Gaspard Sumantro Ghgsg J¢>sepline Glawille Almir Kobjac Fady Alra
SHUBBAL. A WINDOW ON CONTEMPORARY ARAB CULTURE REPOAT OF THE TRUSTEES (CONnNUED) FOR THE YEAR ENDED 31 MARCH 2tr21 . A YKMNwfA -.IIIIBOJLTIAE The Tntsteès Iwh) ** dir>J¥ ot Slu+> lor the rAfP)ses of rjxwpany law) 8rn rwinsknlè lor pr8paring thè Company law TlT¢S the to pare finarrial ststfflnents for eath fInaTh) yw vthth give a In and lair view of the slato of Ihe of ts clwiW cThnpwry arKI ol th& w)miro resource5 aThJ of resour$, irxkJdrwJ lh iOrn¢ ar#1 eXThre. ol the dwitablB rAnpwfor th per. obseNo the m•lh)ds and wino in ts Charibes SORP: Slatg Wheth UK ACccAalr¥ &arKlard5 have ba•n foiftrad. SleCt k• arw material timg thg tinarti F)sthn ol the chaJilabk i>)mpony able them to ensure that the 1FnanC staianents comply with the compan Acl 6. Tlw are rèsE10 kn safegjardry ts assets of ehitabYè company and accounts havè t8n prop1 in a>>JrdwKe tr ¥eoal woviswts ol Part 15 of the Corrwiés Act 2fy)6 relating lo small cowpantos. By order ol TnAI¢•s Shadsa El Dardiry Cholr ol Oowd ol TN•l•es P•39 6
SHUBBAL. A NDow ON CONTEMPORARY ARAB CULTURE INDEPENDENf EXAWNERS REPORTTO THE TRUSTEES OF SHU8BAK: A WINDOW ON coiifEMPORARY"ARAB CULTURE fthe Company? I rawrt to th8 charty trustges on rny axamination of the slatamorts of the chlty lor tho year erKlgd 31 March 2021. thich c¢)mwise the slalernent of finwKial &tr¥ibes. the balance sheet and the Responslbllllleg and basis of Mport As the charitys trusteps of the Company {arKJ also its directors for the purpDses of company law) you are responsible for the prepaFation ol the finartial statements in aCCorde .with the rgwirements of the C(Ynpanies Acl 2006 nhe 2006 Acf). Having satisfied myseff that the fftnart1 staternents ol th8 Compary are not re(¥Jir1 lo be arted undgr Part 16 01 the 2006 kl and are dis•blg for independgnt examination, I reFXt in respect ol my èxamination ol your charitys financial statements as carried under section 145 of the Charities Act 2011 Ilhe 2011 Act'l. In carrwng tsjt my. examwiation I hav• fdlowed the L)ir¢¢tions gven by ts Chlty Commission under S9clion 145(51 (bl of Ihe 2011 ACL Independent •xamlnefs stalgmenl Since the Companys gr¢)ss injme gx¢eed8d £250.fJ)O YO eMin&r rnust be a mwnber of a bcJy listed in seclion 145 01 the 2011 ACL I Clfirm that l am walifigd lo undertake the eMinatIon bgcause l arn a member of AEw vknich is of tt h'sted bo(tie I have Completed My èxamination. I confimi that no mattws have wne to my attgnli¢)n in ¢cArOn wiéh the examlftati gNing me cause to bdiève in any matèrial rèspect: 1. aUnti recoth were not kgpt in resp1 01 ts Company as required by sectim 386 of the 2006 Act: or 2. the financial stat8ments do not aceord 7hilh those rOcd$. or 3. the financial slalements do not comth the accounling rewirements of sgction 396 01 the 2006 Act other than any rewirement Ihat ts accwnts.gNe a Iruè fair viev¥ Ththich FS not a matter considered as part of an independent gxarninatTron: or 4. Ihè finatia statements have not been weF4rJ in a¢£ord ith the meth¢)ds and prlncis of the Statement of Recommended Pradice lor &countifwJ and reportir#J by charilies lapplicable to chariti9$ preparing their finan1 statements in accrydarte with th8 Finartyal Rerxlry Stsndard applKat4e in th& UK and Republic of Irdand IFRS 10211. I have no concwns and have come a¢ross no fv rnattgrs n conrndion with the exaMI10n which attention should to dra*n in this rerth in wder to onatlg a woper uTrkntanding ol thg financial statements 10 bo reached. P.G. Brown• FCA CTA Chartered Accountarts 1 at0 72-74 St Dionis Road London SW6 4TU. Date: 8 S8Member S)21 Page 7
SHUBBAIL. A VIINDOW ON COMTEMPORARY ARAB CULTiIRE STATEMENT OF FINANCIAL ACTMTIES FOR ThE YEAR ENDED 31 IIARCH 2021 SLIMMARY INCOME AND EXPENDITURE AccoiNir funds INCOME Grants and ¢knaJons 157.142 491.670 10.915 736.011 20,455 10.915 Tot1 Inm• 157 142 502.585 756.466 EXPENtXTURE Chariiable acbvitles 153,928 69271 223,199 678.053 Toi81 •xpendiiuYe 153.928 69271 223.199 67&053 191.51S 87.871 279.386 78.413 Trtnslets b8tw•en fu1$ 8.797 111.29n 2CKIJ12 76.574 279.386 rn413 Totrl lun(& broughtf0Thd 84,416 17,STh) 74.512 176.428 015 TOTAL FUNDS CARRIED FORWARD 284728 20CW 151086 455814 176428 The Ststm*nt ol Financial Activities all gains and Fosses in Ihg p8ri All income and expenditure dèrive trom tinuing ac11v@s. notes on paps 11 to 15 form pwt ofthese ffinanclal statements.
SHUBBAK: A ND0vI OM COIITEMPOIL4RY ARAB CULTURE BALANCE SHEET AT 31 MARCH 2021 2020 Tolal fvnds Tolal nds Curr¢nt assets Cash al bank and in harnl 12 460,019 198.943 Credllov8: amount$ fallbng dug withn one ar 22.515 Net assets 455.814 176,428 Funds ol the Restr¢ded lunds Designated fund Unfestrict8d funds 9,10 151,086 20.000 284,728 74,512 17.500 84,416 In pr8parirwJ these fwwKral statements: (al The dir8Ctors are ol the opinkm that the Company is entit to tlw exeiwion frorn audr( conferred by Section 477 of the Companw Act 2006: Ibl No notice has b88n d8posited under Seciion 476 of the Companigs Acl 2006, aFKI (c) The dIreor$ acknowledge tsr responSlI111eS for.. lil ensuring that the company keeps &courrtvvJ rec(vds tich wAh tIOn 386 of the Companies Act 2006, and {ii) preparing fInarK1 statements wtmch we a Ir ar•J far vi8w of the state of affars of ihe company as at ond ol the fina1 perKKI arKI of its suU$ or deficit for Ihg fThnciat period in accordanc6 with the rewiremgrts of Sections 394 arvj 395, arKI othenwise ¢omFAy with the rtyuirements of this Act rolatirvJ to xcourts, far as opplicle lo tho wrr¥wiy. These finla1 st*ements have been Fffepared in &COrda wilh wovisions to ¢ompanie$ subject to th8 small regime. The financial alemertS were approvgd by the of thedors arNJ trustees on 8 September 2021. Shadia El Ddiry Chair of Trustees Companyfieglslrntk•n Numbw. 07966699 Thg notés on pages 11 to 15 frym an port of tt8 fir1 stateMts.
SHUBBAIL. A MMI>OW OM coiifEMPOIIARY ARAB CULTURE STATEMENT OF CASH FLOWS FOR THE YEAR ENDFD 31 MARCH 2021 Cash flows from 0rting aclfvOII•s Net cash provided by opeTatirrfJ a¢iivitie8 . 11 261.076 {140,122) chan In Cash and cash •quival•nts in tho y Cash and cash 8quivalerts brought forward 198,943 &39.06S 12 460,019 198.943 The notes on pages 11 to 15 frym an integal part ol Ihese fir*la1 statement P&Je 10
SHUBBAK: A WINI)OW ON coirfEMPORARY ARAB CULTURE NOTES TO THE FINANCIAL STATEMEIITS FOR THE YEAR ENQED 31 MARCH 2021 Accountlng pollcle8 1.1 Basis of proparati Shut4Jak is a UK reg9Ster charity incorpored as a CpanY limiled by guarantee. The address of the registered office is gven in the chayty infomiation on page 5. The nature ot the charity's operalions and prirKipal actiwlies are directed al advanang the education of thg public in Arab cuhure and other a¥wts ol Arabic arts, L¥lre and hen thrcrtwh pubiic perfomiances and thScAs1o. incbJthrwJ stagirvj a biernial festival. The Charity constitutys a pmic bgnefit entity as dgfin8d by FRS 102. The financhil statements have been prepared in accordarte with Aceounttng aThJ Flewrting by Charilies: Statement of FlecommervJ8d Practtce a1le to eharib.es preparirwJ their accounts In accordance with the Financial Rep)rtiThJ Standard aFplicable in the UK and Republic of Ireland issued ID Cktober2019. the FInarla1 Reporting Starthrd applic4e in the United Kirwdom and R6Fthic of Ireland IFRS 102}. the Charities Act 2011. and UK Generally The ffinanoal slatements have 8par1 historKal cost corNention lth Iter recognised at ¢ost or transadion value unless otherwis& staled. 1.2 Fund accountkng Unrestrictwj income fynds represent r¢scwr¢es vthich may t used ttrrnds meeting any of the chan"table oty'ects of Shthbak at the discrelion of the trustees. Designated IlS coryri5e unrestriclwj funds that have been set asNJe by th& trustees for paCular pu0$6$. The aim and use ot each d8svJnated lutM8 is set oul in th8 Th)les to the financial statemenls. Restricted fur#ls are resourrx which are to b9 aFWied to s[¢ puryws irnpowj by the lundgrldonor 1.3 In¢on recognlU¢n Items of inrne are rec(xJThwJ inCluth in th8 acL¥)unts when al of Ihe follDwiTrJ criteria are met: • The tharity is legally enliued to the lunds: any perfomiance coThJitions attached lo the itern(s} of in(x)rne have been mel or are fulty within the control of the charity; . there is suffi(yent certainty ttwl receipt of Ih8 is CSlered pyobalk; and • ihe amount can be measured reliably. 1.4 Expendltuve recognltlon Resources expgnded are incIjed in the Statement of Financial Acts¥ilies on an accruals basis. inclu&ve of any VAT which cannot be recovered. ExpeIre directty attribLrtable to any SpefiC aGtivilies has been incluled in these c¥)st acliwtios. Where costs are attributable to more than one acbmty Ihey have t*en wy)rtioned acT055 calegorie5 on a baS consistent with the use of these resources. PaJe11
SHUBBAIL. A MNDOW ON coi¢fEMPORARY AIiAB CULniRE PIOTES TOTHE FINANQAL STATEIIEKfs ICONTIMUED) FOR THE YEAR ENDED 31 MARCH 2021 Tr• eompany an awar•3e of4 •mpb)y8es dwirstho y•arwKd31 M¥eh 2021 (2020: 3 employee51. LJrfng the year tTrJed 31 Marth 2020. a trust•e. jOsq1n Cjawlle. was papj £100 for chairing a scussim as part of the corryany¥ iiteratyra projramme duriThJ Ihe tesiwdl. This task was carried out In gr freelanc8 capxity as a ller arnj journ$t other Ilee$ fecelved any renerknTr during thg 31 March 2021. Dhati Festival AM Qattan Fo¥ndation AJnal la SaTd Frmtsndation wtsJramNl Asab lor Arts and Culkn Arts Council ErMJlarnJ Bagrl FouThlab'i)n 8rft&h CourKil CoCkay- lknfor aryl Th¢ LorKlon Community Foundal)n C&)ronwws Job Retentiort Creative Europe Creative Scolland Departrn8nt for D91t. Culiure. M81 and Sp)rt Cuttural Aecmy Fur Dmsos FovThtsiion Ford Foundation Goethe Institute Imemaiional Prize for Afab¢ F¢bon Ker6ington & Chotsea Foundation Paul Hamtyn F<wKlation aatar FOda)n Intemal)nal Royal Borough 01 Kensiwon & Cl UNESCO Prfvato donors 45,WJ S.962 10,000 10.0 11.258 22.757 172.757 .155,489 16.119 16.119 11.735 11.735 11".270 7,521 7.521 110.702 10.347 2266 15.C(Kl 76.¢ 76.C(xI 40.(W 40.oc 117.641 47,552 6.0(Xl 23,138 17.728 491 670 T4AHlfwdS COralKY Income 1.381 20,455 Page 12
SNUBBAK. A WINDOV• ON CONTEIAPORARY CULTURE FOR THE YESI EI&JÉD 31 MARCII 2021 Mty ¢fAts Festiv and Pf4ttictéts MarkthNJ arn1 Stsff Sarts EmFloyws' NatiNal IngJraK• cM¥txnK 21. 17,996 10,674 ,501 612 70 39,811 18.426 130,99) 8222 .449 7.610 2.182 114.633 Consulanls 7,152 6.256 14.782 12.464 25,422 37 11.354 Ind•peTrJ•nlewnir*s lep ,271 24199 678.0&1 7 cred110. annts faliNJ 3.lYJO 1.196 17,754 1.162 111297) Tran5fwto d05giai¢dfvrn1 I2.5) Pw49 13
SHUBBAK. A VIINDOW OM coITfEMPORARY ARAB CULTURE NOTES TO THE FINANCIAL STATEMEpifs (COIMNUED) FOR THE YEAR ENDFD 31 MARCH 2021 9 Statement ot funds Tho i10me furKls of charity irtlude restiicled fu comwisiThJ the f01h)vr&:" Curr•nl year klareh 2021 Unrestricted furKIs Designated fuTr Restricted funds 84.416 17.500 345,443 1153.9281 8,797 284,728 20.0 151.086 157.142 176 428 502 585 69.271 11.297 Prlor year bplw••n Bakn¢e 31 eXrNIed fisnd Mah 2020 March 2019 Unrestricted luThls Do$igtHted furwj Restricted ILWKIS 86.391 3CO.650 {285.125) (17,5> 17.5 84.416 17,500 74.512 176,428 11,624 455816 98.015 756.466 392 928 678.053 D•signated lund The des¢gnated fund comkYÈses unrestrthl furKls that have been set aside by the truslees to megt Restrlcted lunds Restricted are oUrCeS arg to t aFvlied to Sr Fwoses imposed by the furKlerldonor. P&Je 14
SHUBBAK: A MI? ON CONTEMPOIIARY ARAB CULTURE NOTES TO THE FINANCIAL STATEMEPW3 (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 10 Any ol rnt as9els bolween lunds Currnnt year Tt>tl Cuffent assets Creditors: amujnts IlI1j due witrin o 151,086 460,019 {4.2C6) 14,2(6) Pflor year TotAI Current assets Creditors: amourrts fallry du8 within one 106.931 17.5CKI 74,512 198.943 {22,515) (22,515) 11 Reconclllatlon of ftet Move kn IwKl$ t• Mt cash Ilow from operatlng actlvlties N9t ifwme for the ygar las per Statemerrt of Finartlal Adivitio$1 279.386 78,413 (Ir¢reasfryde¢rea$0 in de$ IrKreaseI{doaS) wi creditors 32,612 {251.147) (18.3101 12 Analy81s of ¢ash KI cash equlv•lw Cash * bat Cash hartl 459,798 221 198, 221 Tolal At 31 March 2021. thè company had sev8n rnerth. Exh mgmberfs guarantee is limi1 io £1. P*Jo15