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 P￿0 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 ch*ity lor the ol the Corwies kt, present thew ￿port ark the lir￿la1 ￿ar ernled 31 March 2021 are also Fffepared 10 moet Ihe iewirements lor a The statemtnls c£ffipty *ith the char￿e$ 2011. thè CompanM Acl 2006, the Memoranthm and AJhcles ol Associal￿n. 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 C*aober 2019 aThJ tl* Fin*Kial Atp)itiThJ Startslard in thg Unrted lfjntylom and Rgpublic of Irelatyj {FRS 1¢)2} UK Gewalty Prxtice as it appl￿ trom 1 January 2019. C￿1￿3 r•p(xi 2tr20121 has been a ch￿Ie￿ir¥ yw, iakèn up ty a $igrMficant ¢>Jtsiknert of #Llmlws aTrJ plans thè to the CIJ 19 pandemic. thays IAve boén oll.yearf in th8 b￿anImal lesti¥al cydè. txrt a year lor Whil8 for thè lirsl 6 ol the year rThJst physKal &tNity ￿ to be st¢%¥ed aThY we were latitYJ signrficanl finwKial Irailty, we can sldl ￿ back on a year of aclMÈvèmants. ir￿mMI1￿J an onlinè aTh pwti¢ipalK)n & erygement pwegramme. ¢¢nb"mAtTh ol Ywryj ShLthak, financi￿ stabilisat￿n of the . acliv8 pLannI￿ for thè 2￿21 t￿￿¥41. ol a new cthair aTrJ appjintmert of an enlarged team to d81iver the 2021 lestfval. Shutoak has pyoven r¢5ilw¢e kwKt•atK#) li l¥*thrwJ th8 clkn of Ihg y￿. n is well •Ju¥wJ to deltsverlho 2￿7 lesliv￿. The purFose lrtiOCt) ol ts chway ig: The tru*e89 confi￿ IW Il*y have C¥)m[￿ *ith thg W in seiaty 17 of the Cknaritss Act 2011 to have due regard to the publ￿ bÉnelil gum1￿ wbIL%￿ by the Commiss*Jn. In swrf'ng our Ot1￿tr¥eS lor the year arKI in anning our aclbvrt￿. the twstees have Cons¥je￿ CorThntssw's gJxJan¢e on pubk benelil. i￿lU￿n9 . the gUIda￿e on public benetrt aThJ te? clwgr*J. StKknbak works in partW5hy wth arts inst11ut￿s across London. and in setting the level of lees, clwges •*J Co￿￿, thè trU￿te$ gr¥e ¢*•lul wnsKleration to tha a(£essknlty Èvents ior Itosè on kn¥ iThx>mas. W• also t￿Jr0d a ol Irt• w•nts were hald In tvder lo have the TP* vis#>n Ihai shapes our ￿yal ￿tiVitieS is aThl Ic6WI￿j ol kr* &rMI th8 apprectal#Jn ol the , in part￿lar 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 0￿7•￿17 (Q￿P0 .11W3￿L1￿IE to s* a largtrscde hvtrweek festwd that offers Lcth, UK aThl abth"ènces ihe to dlscover erwsomg of the most ex¢itrrKJ Ixa*ws ol c4)nlemr•yary Arab ￿￿Te, in partnershp with leajing culbjral organisath)rL3 in LorKkn. the UK and ts Arab T￿N)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)lem1pt￿l lo wnstanuy uncertain coThJitions ol aThl teniatNe 0￿ing up ol I￿1bJ1aI s￿, closures of parfneT vewes, in￿11$ty to ￿nd[￿l ¥￿IlS aThl ajrtwlrwrt of mterna￿¥ travel to frav¢l or quarantiNng testrKtws. The board cor￿ldered to 2tr21 festival at varNxJs ￿￿1rts. dways camè to tho ￿￿t￿lon ihat holding a testpid in 2021 was irrywjtant lo gJwxJrt Ihe th•rtès, ark1 st*e￿Ille￿ *110 7A* seNè. Young Shubbak and intemat10￿ty. 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. C￿￿￿9rapher Bèn Fury ton sassToYts wilh y£￿￿j aged 12.24. leaJiThJ to SI￿¢ Ilmed da￿e lilms in August with over 20 lrnqr Syrian leadry lo a miryostte. dwlay5 Contr￿jut￿ 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 ¢•J￿4. (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 InteM*b)n￿ travel p) the tmrt Shubbak tcd( plKe in 8trategK intemalional online fora and c￿￿erenceS, salz￿ fjobal cA)nfere￿ tsn thg Fl￿￿8 of Festivds. and.thè lfttemalional F¢stival Acadèmy Atslièr. UK partners Shutt*k c(rfrfinued to expaThJ 116 netxmkof in fv UK afKI th¥ek)ped ngw ¢0llaboAti￿s with Count8fjx)ints Arts, Chekna ph￿IC Gardens. Th• Barta¢an arml Arfs TEAM AND MANAGEIAEI Fares lknussa as Exe￿*Ve tirectryin earfy 2020. &nce N)v•mÈer 2020 wè tr￿111 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 ch￿leThJing year. A nurrthr of Shutthk's lurth swwM*•d thir grant giving committ￿nts due to thè pand*mic. Inthvi&Jal Ih8tr ¢k¥wIX￿ to CON1d4￿1. We had to rwotiale fLtn(brs wylh somtr funders, as wg COLdd not wn pro1￿tr as on9n￿ty en¥is*Jn8d. The period from ￿.1 to ￿tober ex{￿sed the charity to S*3iMficant finwal fwlty. Ths was mrfTrJated by futhghwy starf a￿1 re¢knng Council ￿Tational ￿liance gran( the SU￿$$ of the Re￿￿ery FWKI gTart reinstatemènl ol grant Ifom A M Tlis en*Jled to rAan •NI bryatty lor Iht 2021 l¢wd. and SplIt￿TrY. ort 27 Febwary 2012" al￿ regi%tered as a Chanty on 7 January 2013. It is ￿Med by its Memrandum and Arttde8 dis￿1ved, each n*mber 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 W￿11)g person to os a trustee fol Ihe Charlty. A Intsite's tsmi of Olf￿ $ three year* When ￿nsIde11r9 a r￿inated 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. T***h iothe app¢*rth￿ ol Sh&Jk El Dardiry. Trugtee *¥knllon •nd tralnl New tnjsiees t￿1 bè madts lamllkqr ¥•th the otiecw rAan frw￿l81 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 uTrJert*en by Ihe tnthes. The Tn￿ exar11￿ ts fflw stratag4 iwiness arbj operabonal risks tknh ts charity laces ar•J VM Fxrt in p*e 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￿• ossl￿d 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 Th￿rnaF￿ and a￿￿1n￿ 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 ch￿itab￿ company1lh• dmwityl are ts tr￿lee$ lor puw ol charty Jaw. Tr tr￿letS aThJ May800n Pachachi (Char ufi1￿ 3 March 2W21: I￿n&j 3 20211 Shailia El Dafthry I Cha¥ from 3 ￿1￿h *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 T￿lT¢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* i￿Orn¢ ar#1 eX￿Thr￿￿e. ol the dwitablB rA*npwfor th* per￿. obseNo the m•lh)ds and wino* in ts Charibes SORP: Slatg Wheth￿ UK ACccA￿alr¥ &arKlard5 have ba•n foiftra*d. S￿leCt 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 rèsE￿￿10 kn safegjardry ts assets of eh*itabYè company and accounts havè t*8n prop￿1 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 ch￿lty 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 aCCord￿e .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(¥Jir￿1 lo be a￿￿rted undgr Part 16 01 the 2006 kl and are dis•blg for independgnt examination, I reF*Xt 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 Ch￿lty 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￿ e￿Min&r rnust be a mwnber of a bc*Jy listed in seclion 145 01 the 2011 ACL I C￿lfirm that l am walifigd lo undertake the e￿MinatIon 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 ¢cAr￿￿On wiéh the examlftati￿ gNing me cause to bdiève in any matèrial rèspect: 1. a￿Unti￿ recoth were not kgpt in resp￿1 01 ts Company as required by sectim 386 of the 2006 Act: or 2. the financial stat8ments do not aceord 7hilh those rOc￿d$. 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 weF4r*J in a¢£ord￿ *ith the meth¢)ds and prlnci*s of the Statement of Recommended Pradice lor &countifwJ and reportir#J by charilies lapplicable to chariti9$ preparing their finan￿1 statements in accrydarte with th8 Finartyal Rer*xlry 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 exaMI￿10n ￿ 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 Tot*1 In￿m• 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 fu￿1$ 8.797 111.29n 2CKIJ12 76.574 279.386 rn413 Totrl lun(& broughtf0Th￿d 84,416 17,STh) 74.512 176.428 015 TOTAL FUNDS CARRIED FORWARD 284728 20CW 151086 455814 176428 The Stst*m*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 dIre￿or$ acknowledge tsr responS￿lI111eS 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 fina￿1￿ perKKI arKI of its su￿U$ 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 opplic*le lo tho wrr¥wiy. These fin￿la1 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 D￿diry Chair of Trustees Companyfieglslrntk•n Numbw. 07966699 Thg notés on pages 11 to 15 frym an port of tt￿8 fir￿￿1 stateM￿ts. SHUBBAIL. A MMI>OW OM coiifEMPOIIARY ARAB CULTURE STATEMENT OF CASH FLOWS FOR THE YEAR ENDFD 31 MARCH 2021 Cash flows from 0￿r￿ting 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 incorpor*ed as a C￿panY 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¥l￿re and hen* thrcrtwh pubiic perfomiances and thScA￿s1o￿. 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 a￿1￿le 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 FInar￿la1 Reporting Starthrd applic*4e in the United Kirwdom and R6Fthic of Ireland IFRS 102}. the Charities Act 2011. and UK Generally The ffinanoal slatements have ￿8par￿1 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 I￿￿lS coryri5e unrestriclwj funds that have been set asNJe by th& trustees for pa￿Cular pu￿0$6$. 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 in￿rne 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 C￿S￿lered pyobalk; and • ihe amount can be measured reliably. 1.4 Expendltuve recognltlon Resources expgnded are incI￿jed in the Statement of Financial Acts¥ilies on an accruals basis. inclu&ve of any VAT which cannot be recovered. Expe￿I￿re directty attribLrtable to any Spe￿fiC 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 ba￿S 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•arwK*d31 M¥eh 2021 (2020: 3 employee51. L*Jrfng the year tTrJed 31 Marth 2020. a trust•e. jOsq￿1n￿ 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￿￿$t ￿ other I￿lee$ fecelved any re￿nerknTr during thg 31 March 2021. Dhati Festival AM Qattan Fo¥ndation AJnal la SaTd Frmtsndation wtsJramN*l 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 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 An￿y* ol rnt as9els bolween lunds Currnnt year Tt>t*l Cuffent assets Creditors: amujnts I￿lI1￿j 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{d￿oaS￿) 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