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||CONTENTS||
|---|---|---|
|Contents|||
|Charity information|||
|Trustees annual
report||4-5|
|Independent
auditor's|report|6-8|
|Statement offinancial|activities||
|Balance sheet||10|
|Statement ofcash flows|||
|Notes to the financial|statements|12-15|
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|Registered|charity|name|The Habib University|The Habib University|Trust|Trust||
|---|---|---|---|---|---|---|---|
|Charity registration||number|1152151|||||
||||Charity Commission||England||and Wales|
|Principal|office||Habib House|||||
||||42 Moorgate|||||
||||London|||||
||||EC2R 6JJ|||||
|Trustees|||Charles Dorsey Mackay|||||
||||James Caan|||||
||||Iqbal Mohammed|Kadwani||||
||||Syed Kausar Kazmi|||||
||||Shahrukh
Jumani|(resigned 29 June 2022)||||
||||Faheen Habib|||||
||||Ahsan Zahir Rizvi|(resigned 7|||December 2021)|
||||Asif Rangoonwala|(appointed|||29 June 2022)|
|Auditors|||K KAssociates|||||
||||Chartered
Accountants|||and Registered Auditors||
||||305 Crown House,|Park||Royal||
||||North Circular Road|||||
||||London|||||
||||NW10 7PN|||||
|Bankers|||Habib Bank AG Zurich|||||
||||142Wigmore
Street|||||
||||London|||||
||||W1U 3SH|||||
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||YE|AR ENDED 31|MARCH 202|2||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|Total Funds|
|||Funds|Funds|2022|2021|
||Note|||||
|INCOME AND||||||
|ENDOWMENTS FROM:||||||
|Donations
and legacies|||52,990|52,990|303,749|
|Investments|||3,631|3,631|6,738|
|TOTAL INCOME|||56,621|56,621|310,487|
|EXPENDITURE ON:||||||
|Raising funds||(774)||(774)|(216)|
|Charitable
activities||(29000)||(2,000)|(2,000)|
|TOTAL EXPENDITURE||(2,774)||(2,774)|(2,216)|
|NET INCOME/||||||
|(EXPENDITURE)||(2,774)|56,621|53,847|308,271|
|OTHER RECOGNISED||||||
|GAINS/(LOSSES)|||25,190|25,190|(60,656)|
|NET MOVEMENT IN FUNDS||(2,774)|81,811|79,037|247,615|
|RECONCILIATION|OF|||||
|FUNDS:||||||
|Total funds brought
forward||29,481|1,222,480|1,251,961|1,004,346|
|TOTAL FUNDS CARMED||||||
|FORWARD|8,9|26,707|1,304,291|1,330,998|1,251,961|
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|||Note||||
|---|---|---|---|---|---|
|CURRENT ASSETS||||||
|Debtors||||||
|Cash at bank and in hand|||1@33/98||1,256,361|
|CREDITORS: Amounts|falling due within one||IP33,398||1,256,361|
|year|||(2,400)||(4,400)|
|NKT CURRENT ASSETS||||1,330,998|1,251,961|
|TOTAL ASSETSLESS|CURRENT LIABILITIES|||1,330,998|1,251,961|
|TOTAL NKT ASSETS||10||1@30,990|1,251,961|
|FUNDS OFTHK CHARITY||||||
|Restricted income funds||||1@04,291|1,222,480|
|Unrestricted
income funds||||26,707|29,481|
|TOTAL CHARITY FUNDS||10||1@30,990|1,251.961|
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|||||2022|2021|
|---|---|---|---|---|---|
|Cash flows from operating||activities||||
|Net income||||53,847|308,271|
|Adjustments for:||||||
|Foreign currency (losses)/gains||||25,190|(60,656)|
|Other interest receivable
and||similar income||(3,631)|(6,738)|
|Changes in:||||||
|Trade and other|debtors|||||
|Trade and other|creditors|||(2,000)|2,000|
|Cash generated|from operations|||73,406|242,877|
|Interest received||||3,631|6,738|
|Net cash from operating
activities||||77,037|249,615|
|Net increase in|cash and cash equivalents|||77,037|249,615|
|Cash and cash|equivalents|at beginning|ofyear|1,256,361|1,006,746|
|Cash and cash|equivalents|at end ofyear||1,333,398|1,256,361|
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|2.|DONATION
AND LEGACIES||||||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds||Total Funds|
|||Funds|Funds||2022|2021|
||Donations||||||
||Donations||52,990|52,990||303,749|
||Gift Aid||||||
||||52,990|52,990||303,749|
||||Restricted|Total|Funds|Total Funds|
||||Funds||2022|2021|
|3.|INVESTMENT INCOME||||||
||Bank interest income||3,631||3,631|6,738|
||||3,631||3,631|6,738|
|||12|||||
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|||Restricted|Total Funds|Total Funds|
|---|---|---|---|---|
|||Funds|2022|2021|
|4.|OTHER RECOGNISED GAINS/(LOSSES)||||
||Foreign currency (losses)/gains|25,190|25,190|(60,656)|
|||25,190|25,190|(60,656)|
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|||||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2022|2021|
||Charitable|expenditure|in education|||||
||sector|||||||
||Governance|costs —Audit fees||2,000||2,000|2,000|
|||||2,000||2,000|2,000|
|6.|DEBTORS|||||||
|||||||2022|2021|
||Gift Aid receivable|||||||
||Other debtors|||||||
|7.|CREDITORS: Amounts||falling due|within one year||||
|||||||2022|2021|
||Accruals|||||2,400|4,400|
|||||||2,400|4,400|
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|UNRESTRI|CTED INC|OME FUNDS||||
|---|---|---|---|---|---|
|||Balance at|Incoming|Outgoing|Balance at|
|||31Mar 2021|resources|resources|31March 2022|
|Unrestricted|funds|29,481||(2,774)|26,707|
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||Y|Y|EAR ENDED 3|1 MARCH 2022|||
|---|---|---|---|---|---|---|
|9.|RESTRICTED INCOME||FUNDS||||
||||Balance at|Incoming|Outgoing|Balance at|
||||31Mar 2021|resources|resources|31March 2022|
||Education||1,222,480|81,811||1,304,291|
|10.|SUMMARY OFASSETS||AND LIABILITIESOF EACH CATEGORY OFFUNDS OF||||
||THE CHARITY||||||
||||Unrestricted||Restricted|Total|
|||||Funds|Funds|Funds|
|||||2022|2022|2022|
||Debtors||||||
||Cash at bank and|in hand||29,107|1,304,291|1,333,398|
||Creditors (falling||||||
||due within|one year)||(2,400)||(2,400)|
||Net assets|||26,707|1,304,291|1,330,998|
||Unrestricted
funds|||26&707||26,707|
||Restricted funds||||1,304,291|1,304,291|
||Total charity funds|||26,707|1,304,291|1,330,998|
||||Unrestricted||Restricted|Total|
|||||Funds|Funds|Funds|
|||||2021|2021|2021|
||Debtors||||||
||Cash at bank and|in hand||33,881|1,222,480|1,256,361|
||Creditors (falling||||||
||due within|one year)||(4,400)||(4,400)|
||Net assets|||29,481|1,222,480|1,251,961|
||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|
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