**REGISTERED COMPANY NUMBER: 08411403 (England and Wales) REGISTERED CHARITY NUMBER: 1151221** **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 28 February 2021** ## **for** **AL BATOOL (A.S.) SERVICES LIMITED** Walji & Associates 336 Pinner Road Harrow HA1 4LB **AL BATOOL (A.S.) SERVICES LIMITED** ## **Contents of the Financial Statements for the Year Ended 28 February 2021** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**|4|to|5| |**Notes to the Financial Statements**|6|to|11| |**Detailed Statement of Financial Activities**|12|to|13| **AL BATOOL (A.S.) SERVICES LIMITED** ## **Report of the Trustees** ## **for the Year Ended 28 February 2021** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28 February 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** 08411403 (England and Wales) **Registered Charity number** 1151221 ## **Registered office** 336 Pinner Road Notrth Harrow Middlesex HA1 4LB ## **Trustees** R Esmail Mrs R Esmail Dr Z A Esmail Dr J A Jaffer ## **Company Secretary** Mrs R Esmail ## **Independent Examiner** Walji & Associates 336 Pinner Road Harrow HA1 4LB Approved by order of the board of trustees on 2 September 2021 and signed on its behalf by: R Esmail - Trustee Page 1 ## **Independent Examiner's Report to the Trustees of AL BATOOL (A.S.) SERVICES LIMITED** ## **Independent examiner's report to the trustees of AL BATOOL (A.S.) SERVICES LIMITED ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2021. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Walji & Associates Walji & Associates 336 Pinner Road Harrow HA1 4LB 2 September 2021 Page 2 **AL BATOOL (A.S.) SERVICES LIMITED** ## **Statement of Financial Activities** ## **for the Year Ended 28 February 2021** |**28.2.21**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**113,633**
Investment income
2
**273**
**Total**
**113,906**
**EXPENDITURE ON**
Raising funds
**-**
**Charitable activities**
Charitable Activities
**177,543**
Other cost
**37**
**Total**
**177,580**
Net gains/(losses) on investments
**-**
**NET INCOME/(EXPENDITURE)**
**(63,674)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**120,710**
**TOTAL FUNDS CARRIED FORWARD**
**57,036**|29.2.20
Total
funds
£
172,569
284
172,853
59,460
113,837
19,716
193,013
(40,000)
(60,160)
180,870
120,710| |---|---| The notes form part of these financial statements Page 3 **AL BATOOL (A.S.) SERVICES LIMITED** ## **Balance Sheet** ## **28 February 2021** |**28.2.21**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Tangible assets
6
**59,697**
**CURRENT ASSETS**
Debtors
7
**80,972**
Investments
8
**10,950**
Cash at bank and in hand
**96,547**
**188,469**
**CREDITORS**
Amounts falling due within one year
9
**(191,130)**
**NET CURRENT ASSETS**
**(2,661)**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**57,036**
**NET ASSETS**
**57,036**
**FUNDS**
11
Unrestricted funds
**57,036**
**TOTAL FUNDS**
**57,036**|29.2.20
Total
funds
£
62,988
79,703
-
168,429
248,132
(190,410)
57,722
120,710
120,710
120,710
120,710| |---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 4 **AL BATOOL (A.S.) SERVICES LIMITED** ## **Balance Sheet - continued** ## **28 February 2021** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 2 September 2021 and were signed on its behalf by: R Esmail - Trustee J A Jaffer - Trustee The notes form part of these financial statements Page 5 **AL BATOOL (A.S.) SERVICES LIMITED** **Notes to the Financial Statements** **for the Year Ended 28 February 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. - Plant and machinery - 20% on cost ## **Investment property** Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 6 continued... **AL BATOOL (A.S.) SERVICES LIMITED** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 28 February 2021** ## **2. INVESTMENT INCOME** |||**28.2.21**|29.2.20| |---|---|---|---| |||**£**|£| ||Interest received|**273**|284| |**3.**|**NET INCOME/(EXPENDITURE)**||| ||Net income/(expenditure) is stated after charging/(crediting):||| |||**28.2.21**|29.2.20| |||**£**|£| ||Depreciation - owned assets|**2,773**|2,877| ||Deficit on disposal of fixed assets|**-**|16,506| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** ## **Trustees' expenses** There were no trustees' remuneration or other benefits for the year ended 28 February 2021. Last year, one trustee was remunerated expenses amounting to £811. One trustee was also provided a loan of £34. This was paid back in full during the year. ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|172,569| |Investment income|284| |**Total**|172,853| |**EXPENDITURE ON**|| |Raising funds|59,460| |**Charitable activities**|| |Charitable Activities|113,837| |Other cost|19,716| |**Total**|193,013| |Net gains/(losses) on investments|(40,000)| |**NET INCOME/(EXPENDITURE)**|(60,160)| continued... Page 7 **AL BATOOL (A.S.) SERVICES LIMITED** **Notes to the Financial Statements - continued** ## **for the Year Ended 28 February 2021** |**5.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|| |---|---|---|---|---|---| ||||||Unrestricted| ||||||fund| ||||||£| ||**RECONCILIATION OF FUNDS**||||| ||**Total funds brought forward**||||180,870| ||**TOTAL FUNDS CARRIED FORWARD**||||120,710| |**6.**|**TANGIBLE FIXED ASSETS**||||| |||Freehold||Plant and|| |||property||machinery|Totals| |||£||£|£| ||**COST**||||| ||At 1 March 2020|**56,405**||**14,383**|**70,788**| ||Disposals||**-**|**(518)**|**(518)**| ||At 28 February 2021|**56,405**||**13,865**|**70,270**| ||**DEPRECIATION**||||| ||At 1 March 2020||**-**|**7,800**|**7,800**| ||Charge for year||**-**|**2,773**|**2,773**| ||At 28 February 2021||**-**|**10,573**|**10,573**| ||**NET BOOK VALUE**||||| ||At 28 February 2021|**56,405**||**3,292**|**59,697**| ||At 29 February 2020|56,405||6,583|62,988| |**7.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| |||||**28.2.21**|29.2.20| |||||**£**|£| ||Other debtors|||**80,972**|79,703| continued... Page 8 **AL BATOOL (A.S.) SERVICES LIMITED** **Notes to the Financial Statements - continued for the Year Ended 28 February 2021** |**8.**
**CURRENT ASSET INVESTMENTS**
Bitcoin Purchase
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other loans (see note 10)
Accrued expenses
**10.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
**11.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|
At 1.3.20
£
**120,710**
**120,710**
Incoming
resources
£
**113,906**
**113,906**||**28.2.21**
**£**
**10,950**
**28.2.21**
**£**
**189,750**
**1,380**
**191,130**
**28.2.21**
**£**
**189,750**
Net
movement
in funds
£
**(63,674)**
**(63,674)**
Resources
expended
£
**(177,580)**
**(177,580)**|| |---|---|---|---|---| |||||| continued... Page 9 **AL BATOOL (A.S.) SERVICES LIMITED** **Notes to the Financial Statements - continued for the Year Ended 28 February 2021** ## **11. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |At 1.3.19
£
**Unrestricted funds**
General fund
180,870
**TOTAL FUNDS**
180,870
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
172,853
(193,013)
**TOTAL FUNDS**
172,853
(193,013)
A current year 12 months and prior year 12 months combined position is as follows:
At 1.3.19
£
**Unrestricted funds**
General fund
180,870
**TOTAL FUNDS**
180,870|Net
movement
At
in funds
29.2.20
£
£
(60,160)
120,710
(60,160)
120,710
Gains and
Movement
losses
in funds
£
£
(40,000)
(60,160)
(40,000)
(60,160)
Net
movement
At
in funds
28.2.21
£
£
(123,834)
57,036
(123,834)
57,036| |---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
286,759
286,759|Resources
expended
£
(370,593)
(370,593)|Gains and
Movement
losses
in funds
£
£
(40,000)
(123,834)
(40,000)
(123,834)| |---|---|---|---| continued... Page 10 **AL BATOOL (A.S.) SERVICES LIMITED** **Notes to the Financial Statements - continued for the Year Ended 28 February 2021** ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 28 February 2021. Page 11 ## **AL BATOOL (A.S.) SERVICES LIMITED** |**Detailed Statement of Financial Activities**||| |---|---|---| |**for the Year Ended 28 February 2021**||| ||28.2.21|29.2.20| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donation Received|**113,633**|172,569| |**Investment income**||| |Interest received|**273**|284| |**Total incoming resources**|**113,906**|172,853| |**EXPENDITURE**||| |**Other trading activities**||| |Bad debts|**-**|59,460| |**Charitable activities**||| |Medical|**91**|337| |Orphans and Widows|**23,143**|4,213| |Programs|**308**|8,114| |Trips|**-**|11,045| |Education support|**86,945**|89,866| ||**110,487**|113,575| |**Support costs**||| |**Other**||| |Rates and water|**75**|128| |Light and heat|**37**|101| |Telephone|**303**|535| |Postage and stationery|**193**|262| |Rent|**215**|1,347| |Repairs & Renewals|**136**|1,723| |Sundries|**250**|1,030| |Accountancy fee|**720**|720| |Bank Charges|**21**|289| |Exchange rate diff|**55,403**|(6,351)| |Advertising|**6,967**|-| |Fixtures and fittings|**2,773**|2,877| |Loss on sale of tangible fixed assets|**-**|16,506| ||**67,093**|19,167| |**Governance costs**||| |Trustees' expenses|**-**|811| This page does not form part of the statutory financial statements Page 12 **AL BATOOL (A.S.) SERVICES LIMITED** |**Detailed Statement of Financial Activities**||| |---|---|---| |**for the Year Ended 28 February 2021**||| ||28.2.21|29.2.20| ||£|£| |Total resources expended|**177,580**|193,013| |**Net expenditure**|**(63,674)**|(20,160)| This page does not form part of the statutory financial statements Page 13