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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||unde|Funds|Funds|Funds|
||||Notes|||2020|2019|
|||||||9|9|
|INCOSIE FROM||||||||
|Donations||||607,756||607,756|7,092,471|
|TOTAL||||607,756||607,756|7,092,471|
|EXPENDITURE|ON|||||||
|Direct Charitable|Activities|||||724 081|667661|
|TOTAL||||724,081||724,081|667,661|
|NET INCOME||||(116,325)||(116,325)|6,424,810|
|TRANSFERS BETWEEN FUNDS||||||||
|NET MOVEMENTS||IN FUNDS||(116,325)||(116,325)|6,424,810|
|TOTAL FUNDS|BROUGHT FORWARD|||6,500,038||6500038|75228|
|TOTAL FUNDS|CARRIED FORWARD||9|6,383,713||||
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|||ST|AT|E|MENT|OF CASH F|LOWS|||
|---|---|---|---|---|---|---|---|---|---|
|||||||2020||2019||
|8 tement ofCash Fl||||||||||
|Net cash used in operating|activities||||||42,023||(33,707)|
|Cash flows from investing|activities:|||||||||
|Purchase
of property,
plant|and equipment|||||(21,811)||||
|Net cash (used in)/provided|by investing|||activities|||(21,811)|||
|Change
in cash and cash|equivalents||in the|||||||
|reporting
period|||||||20,212||(33,707)|
|Cash and cash equivalents|at the|beginning|||ofthe|||||
|reporting
period|||||||43,176||77,519|
|Cash and cash equivalents|at the|end|ofthe|||||||
|reporting
period|||||||83,388||43,1|
|Reconciliation
ofnet incomei ex||nditure|||to net cash|flow fro||||
|~oe
(~oct'v
ies||||||||||
|Net income for the reporting|period||||||(116,325)||6,424,810|
|4~8||||||||||
|Depreciation
charges|||||||141,514||115,576|
|Donated
property|||||||||(6,583,945)|
|(Increase)r decrease
in debtors|||||||(4,405)||(684)|
|(Decrease) Iincrease
in creditors|||||||21,239||10,536|
|Net cash used in operating|activities||||||2,0||433, 033|
|Anal
is ofcash and cash|uivalents|||||||||
|Cashin
hand|||||||63,388||43,176|
|Total cash and cash equivalents|||||||63,388||43,176|
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|D RECT C
RITABLE EXPE||||
|---|---|---|---|
|||2020|2019|
|||$|$|
|Computer
running
costs||4,611|7,195|
|Printing,
postage and stationery||985|2,563|
|Hosting
and property expenses||165,301|144,855|
|Staff costs||398,887|377,197|
|Legal and professional||2,499|8,332|
|Audit fees||12,284|11,943|
|Depreciation||141,514|115,576|
|TANGIBLE FIXEDASSET||||
||Freehold|Motor||
||~Pro ert||Total|
||$|$|8|
|Cost||||
|At 1stJanuary
2020|6,583,945|31,166|6,615,111|
|Additions||21,811|21,811|
|At 31stDecember 2020|6,583,945|52,977|6,636922|
|Depreciation||||
|At 1stJanuary 2020|109,732|13,636|123,368|
|Provided for year|131,678|9,836|141,514|
|At 31stDecember 2020|241,410|23,472|264 882|
|Net BookValue||||
|At 31stDecember 2020|6,342,535|29,505|6,372,040|
|At 31stDecember 2019|6,474,213|17,530|6,491,743|
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|6.|DEBTORS||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||2020|2019|
||||||||||||||$|$|
||Prepayments||||||||||||||
|7.|FINANCIAL INSTR|||MEN||6|||||||||
||The financial statements||||include the following||||in respect of items held at fair|||value at 31 December:|||
||||||||||||||2020|2II21.|
||||||||||||||$|$|
||Financial assets|measured||||at|amorlised|cost|||||||
||Finandal
liabilities||measured||||at amortised|cost|||||44,657|27,893|
|8.|CREDITORS FALLING||||DUE||WITHIN ONE YEAR||||||||
||||||||||||||2020|2019|
||||||||||||||8|$|
||Trade creditors||||||||||||15,713||
||Tax and social securities||||||||||||12,908|8,433|
||Accruals||||||||||||16,180|11,943|
||Other creditors||||||||||||12,764|15,950|
|9.|ALYSIS0||E|AS|||||||||||
|||||||||||~Gneral||Fixed Asset|Restricted|Total|
||||||||||||~Fun|~Fund|Funds|~pn s|
||||||||||||2020|2020|2020|2020|
||||||||||||$|$|$||
||Non-current
assets
Current assets
Current
liabilities||||||||||29,505
69,238|6,342,535||6,372,040
69,238
~7™|
||Net assets||||||||||41 178|6,342,535||6,383,713|
|||||||||||General||Fixed Asset|Restricted|Total|
||||||||||||Funds|Funds|Funds|Funds|
||||||||||||2019|2019|2019|2019|
||||||||||||$|$|$||
||Non-current
assets||||||||||17,530|6,474,213||6,491,743|
||Current assets
Current
liabilities|||||||||44,621
~X.32$||||44,621|
||Net assets||||||||||25,825|6,474,213||6,500,038|
|10.|NIOVEMENT
IN|FUNDS|||||||At 1st||||Transfer|At Sist|
||||||||||January|~ln|min|QEIgous|Between|December|
||||||||||2020|Resources||Resources|Reserves|2020|
||||||||||$||||$|9|
||Restricted Funds||||||||||||||
||Total Restricted|Funds|||||||||||||
||Unrestricted
Funds||||||||||||||
||Fixed Asset Fund||||||||6,474,213|||(I31,678)||6,342,535|
||General Funds||||||||25,825|||||41,178|
||Total Unrestricted||Funds|||||||||||6,383,713|
||Total Funds||||||||||||||
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|||~Att t|Unaudited|||lanai.|At 31st|
|---|---|---|---|---|---|---|---|
|||January|~lncomla|~Ou|oln|Between|December|
|||2019|Resources|Resources||Reserves|2019|
|||$||||5|$|
|Restdicted Funds||||||||
|Total Restricted
Funds||||||||
|Unrestricted
Funds||||||||
|Fixed Asset Fund|||6,583,945|(109,732)|||6,474,213|
|General Funds|||||||25,825|
|Total Unrestricted
Funds||75228|7,092,471|(667,661)|||6,500,038|
|TotalFunds||||||||
||||||||2019|
|The average
monthly|number ofemployees|||||||
|during the year was 7(2019:9)||||||||
|Staff costs amounted|to:-|||||||
|Wages and salaries||||||371,766|377,197|
|Social secudity costs||||||19,984|23,058|
|Pension costs||||||5,137|5,601|
|||||||396887|405856|
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