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||CONTENTS||
|---|---|---|
|Contents|||
|Charity
information|||
|Trustees annual
report||4-5|
|Independent
auditor's|report|6-8|
|Statement offinancial|activities||
|Balance sheet||IO|
|Statement ofcash flows|||
|Notes to the financial|statements|12-15|
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|Registered|charity|name|The Habib University|Trust|Trust||||
|---|---|---|---|---|---|---|---|---|
|Charity registration||number|1152151||||||
||||Charity Commission|England|||and Wales||
|Principal|oAice||Habib House||||||
||||42 Moorgate||||||
||||London||||||
||||EC2R 6JJ||||||
|Trustees|||Charles Dorsey Mackay||||||
||||James Caen||||||
||||Iqbal Mohammed
Kadwani||||||
||||Syed Kausar Kazmi||||||
||||Shahrukh
Jumani||||||
||||Faheen Habib||||||
||||Ahsan Zahir Rizvi (resigned|||7|December 2021)||
|Auditors|||K KAssociates||||||
||||Chartered
Accountants||and Registered|||Auditors|
||||305 Crown House, Park||Royal||||
||||North Circular Road||||||
||||London||||||
||||NW10 7PN||||||
|Bankers|||Habib Bank AG Zurich||||||
||||142 Wigmore
Street||||||
||||London||||||
||||WIU 3SH||||||
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||YE|AR ENDED 31|MARCH 202|1||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|Total Funds|
|||Funds|Funds|2021|2020|
||Note|||||
|INCOME AND||||||
|ENDOWMENTS FROM:||||||
|Donations
and legacies|2||303i749|303,749||
|Investments|3||6,738|6,73S|I5,374|
|TOTAL INCOlVIE|||310,487|310,487|I5,374|
|EXPENDITURE ON:||||||
|Raising funds||(216)||(216)||
|Charitable
activities||(2,000)||(2,000)|(618,956)|
|TOTAL EXPENDITURE||(241@I||(2416)|(61li,956)|
|NET INCOME/||||||
|(KXPENDITURK)||(2,216)|310,487|308,271|(603,582)|
|OTHER RECOGNISED||||||
|GAINS/(LOSSES)|4||(60i656)|(60,656)|47,599|
|NET MOVEMENT IN FUNDS||(2,216)|249,831|247,615|(555,983)|
|RECONCILIATION|OF|||||
|FUNDS:||||||
|Total funds brought
forward||31,697|972,649|1,004@46|1,560,329|
|TOTAL FUNDS CARRIED||||||
|FORWARD|8,9|29,4S1|1,222,480|1,251,961|1,004,346|
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||||2021||2020|
|---|---|---|---|---|---|
|||Note|f||f|
|CURRENT ASSETS||||||
|Debtors||||||
|Cash a( bank and in hand|||1,256@61||1,006,746|
||||1,256,361||l,OOG,746|
|CRKD1TORS; Amounts|I'ailing due within one|||||
|year|||(4,400)||(2,400)|
|NF,TCURRFPfT ASSETS||||1,251,961|1,004,346|
|TOTAL ASSETS LESS|CURRENT LIABILITIES|||1,251,9GI|I,004,346|
|TOTAL NET ASSETS||10||1,251,961|l,004,34ti|
|FUNDS OFTHE CIIARITY||||||
|Rcsirictcd income funds||||1,222,450|972,649|
|Unrcsuime&l
income
I'uncfs||||29,4ftI|3l,697|
|TOfAL CHARITY FUNDS||tc||1,251,961|1,004,346|
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||||2021|2020|
|---|---|---|---|---|
|Cash flows from operating||activities|||
|Nct income|||308,271|(603,582)|
|rtjd usrnienrs for:|||||
|Foreign currency (losses)/gains|||(60,656)|47,599|
|Other interest receivable
and||similar income|(6,738)|(15,374)|
|Changesin:|||||
|Trade and other|debtors||||
|Trade and other|creditors||2,000||
|Cash generated|from operations||242,877|(571,357)|
|Interest received|||6,738|15,374|
|Net cash from operating
activities|||249,615|(555,983)|
|Net increase
in|cash and cash equivalents||249,615|(555,983)|
|Cash and cash|equivalents|at beginning ofyear|1,006,746|1,562,729|
|Cash and cash|equivalents|at end ofyear|1,256,361|1,006,746|
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|2.|DONATION
AND LEGACIES|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|Total Funds|
|||Funds|Funds|2021|2020|
|||s|||f.|
||Donations|||||
||Donations||303,749|303,749||
||Gilt Aid|||||
||||303,749|303,749||
||||Restricted|Total Funds|Total Funds|
||||Funds|2021|2020|
|3.|INVESTMENT INCOME|||||
||Bank interest income||6,738|6,738|15,374|
||||6,738|6,738|15,374|
|||12||||
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||||Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|
||||Funds|2021|2020|
||||g|||
|4.|OTHER RECOGNISED GAINS/(LOSSES)|||||
||Foreign currency|(losses)/gains|(60,656)|(60,656)|47,599|
||||(60,656)|(60,656)|47,599|
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|||||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2021|2020|
||Charitable|expenditure|in education|||||
||sector||||||616,956|
||Governance|costs —Audit fees||2,000||2,000|2,000|
|||||2,000|||618,956|
|6.|DEBTORS|||||||
|||||||2021|2020|
||Gilt Aid receivable|||||||
||Other debtors|||||||
|7.|CREDITORS: Amounts||falling due|within one year||||
|||||||2021|2020|
||Accruals|||||4,400|2,400|
|||||||4)400|2,400|
|UNRESTRI|CTED INC|OME FUNDS||||
|---|---|---|---|---|---|
|||Balance at|Incoming|Outgoing|Balance at|
|||31Mar 2020|resources|resources 31March 2021||
|||0||x||
|Unrestrirted|funds|31,697||(2,216)|29,481|
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|RESTRICTED INC|OME FUNDS||||
|---|---|---|---|---|
||Balance at|Incoraiag|Outgoing|Balance at|
||31Mar 2021|resources|resources|31March 2021|
|Education|972,649|310,487|(60,656)|1,222,480|
|||||Restricted|Total|
|---|---|---|---|---|---|
|||||Funds|Funds|
|||||2021|2021|
||||||f.|
|Debtors||||||
|Cash at bank|and|in hand|33,881|I/22, 480|1,256,361|
|Creditors (falling||||||
|due within||one year)|(4,400)||(4,400)|
|Net assets|||29,481|1,222,480|1351,961|
|Unrestricted|funds||29,481||29,481|
|Restricted
funds||||1,222,480|1,222,480|
|Total charity|funds||29,481|1,222,480|1,251,961|
||||Unrestricted|Restricted|Total|
||||Funds|Funds|Funds|
||||2020|2020|2020|
|Debtors||||||
|Cash at bank|and|in hand|34,097|972,649|i,006,746|
|Creditors (falling||||||
|due within||one year)|(2,400)||(2,400)|
|Net assets|||31,697|972,649|),004.346|
|Unrestricted
funds
Restricted funds|||31,697|972,649|3i,697
972,649|
|Total charity|funds||3),697|972,649|1,004,346|
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