The Charity Registration Number is :- 1169028
ZUBEIDA CHARITABLE TRUST
Report and Accounts
31 March 2021
ZUBEIDA CHARITABLE TRUST
Report and accounts for the year ended 31 March 2021
Contents
| Page | ||
|---|---|---|
| Trustees' Annual Report | 1-3 | |
| Statement of Trustees's responsibilities | 4 | |
| Independent Accountant's Report | 5-6 | |
| Funds Statements:- | ||
| Statement of Financial Activities | 7 | |
| Statement of Financial Activities - Prior Year statement | 8 | |
| Movements in funds | 9 | |
| Income and Expenditure account | 10 | |
| Balance sheet | 11 | |
| Notes to the accounts | 12-16 |
ZUBEIDA CHARITABLE TRUST
Trustees' Annual Report for the year ended 31 March 2021
The Trustees present their Report and Accounts for the year ended 31 March 2021.
Reference and administrative details
The charity name.
The legal name of the charity is:- ZUBEIDA CHARITABLE TRUST.
The charity is also known by its operating name, Zubeida Charitable Trust.
The charity's areas operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1169028.
The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .
The governing document is dated 01 July 2016
1
ZUBEIDA CHARITABLE TRUST
Trustees' Annual Report for the year ended 31 March 2021
The principal operating address, telephone number, email and web addresses of the charity are:-
70 Edinburgh Road
London E17 7QB Telephone Email Address
The Trustees in office on the date the report was approved were:-
Mohamed Patel Ayub Patel Hammaad Patel Imran Patel
The following persons served as Trustees during the year ended 31 March 2021 :-
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
Zubeida Charitable Trust is a general purpose charity and aims to support a range of charitable causes for the public benefit.
The main focus being on
i.) humanitarian relief and development via financial or other aid; ii.) educational aid, religious (Islamic) and secular; iii.) medical aid.
The main activities undertaken in relation to those purposes during the year.
Making grants to charitable purposes for various public benefits.
The main activities undertaken during the year to further the charity's purpose for the public benefit.
Making grants for charitable purposes to various UK charities, which are registered with the Charities Commission.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
2
ZUBEIDA CHARITABLE TRUST
Trustees' Annual Report for the year ended 31 March 2021
The main achievements and performance of the charity during the year.
9 applications were received and approved to the following:
| Name | Charity Registeration Number |
|---|---|
| Valan Social Welfare Trust | 1119218 |
| Al-Hasanaat Foundation | 1142791 |
| Burma Aid | 1159972 |
| Molvi Ebrahim Mulla Foundation | 1096887 |
| Ummah Welfare Trust | 1000851 |
| Masjid AbuBakr | 1145777 |
| Global Welfare Relief | 1170887 |
| Imdaadul Ghurabaa Trust | 1077418 |
| Sightsavers | 207544 |
Financial review
The charity's financial position at the end of the year ended 31 March 2021
The financial position of the charity at 31 March 2021 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Restricted Revenue Funds Total Funds Unrestricted Revenue Funds available for the general purposes of the charity Net income |
2021 £ 4,973 104,999 527,377 632,376 |
2020 £ (3,244) |
|---|---|---|
| 88,264 539,139 |
||
| 627,403 |
Financial review of the position at the reporting date, 31 March 2021 .
The trustees consider the financial performance by the charity during the year to have been satisfactory.
Details of The Independent Examiner
MR P. JAYAWARDENE
Member of The Institute of Chartered Accountants and Statutory Auditors
4A The Avenue Highams Park London E4 9LD
3
ZUBEIDA CHARITABLE TRUST
Trustees' Annual Report for the year ended 31 March 2021
Statement of Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-
-
to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
-
state whether applicable accounting standards and statements of
recommended practice have been followed, subject to any material
departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 23 June 2021.
MR MOHAMED PATEL BSc MRICS
Trustee (Head)
4
ZUBEIDA CHARITABLE TRUST
Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2021
I report to the Trustees on my examination of the financial statements of the charity on pages 7 to 16 for the year ended 31 March 2021 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 12.
Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report
As described on page 4, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
a) examine the financial statements of the charity under Section 145 of the Act;
b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of Independent Examiner's Statement and scope of work undertaken
I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide
Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.
5
ZUBEIDA CHARITABLE TRUST Indepettd¢M Examine$ Ststemen¢ Report attd Opin¢on Subject ts Ihe limltations upon the scope ofmywork as detsikd above, I have (Mpleted myeXaTrati0Tr'. arKI confirm that.'- This is a reptsrt in re$iEct of an examinaiDn ¢2tried out under 145 of the Act and In accordance DI05 ywen by Charity Commission under$ection 14515llbl ofthe Actwhith mèy be apph'caNa", and th8t no material matters have rx>me to rny attenlk)n in rthnecbon with tha eminabon gNing me cause to believe that in any material fftsp8tt".- accounting CordS were not kept in raspectof the tharity as r¥uired by Sectipn 130 ofThe Ch8ribes Acl 2011-. the finan&81 Ststsments do not accord with thosa re(J)rds." or the financial Strternts do not comptywlh Ihe app1Kab requwemenis conceming the form and content of accounts set Out in the Charities IAttounts and Reports) Regulatsons 2008 otherthan any requirement Ihatthe accounts give a Irue and Pdirf wew. which is not a matterrnnsidered as part ofan hdependenl examination. have notbeen prepared in accordaDCWith the methods ano prinuples sel out in the FRS 102 SORP ISt*menl of Recommended Practice forA¢eounling and Reporting by CharFhesl 2015. las amended by the Bulletin issued in Odober2018 and appficable to all accounting 5)e0d£ beginning on or8fier 1st J8nuary 20191. ITh8 SORPI. I h8ve no concems and hÈve come across no other matters in ronnection with the examin#bon lo whith attention should be dr2wn in report in or(krto enab a proper undetstrnding oflhe finantyd statements lo be r88thed. MR P. JAY ENE. Independent Examiner Chartered Actsuntsnts and Stsluiory Auditors 4A The Avenue Highams Park London e4 gLD Tris reportwas signed on 23 June 2021
ZUBEIDA CHARITABLE TRUST - Statement of Financial Activities for the year ended 31 March 2021
Statement of Financial Activities for the year ended 31 March 2021
| Income & Endowments from: Donations & Legacies A1 Investments A4 Total income A Expenditure on: Charitable activities B2 Total expenditure B Net income for the year Net income after transfers A-B Reconciliation of funds:- E Total funds brought forward Total funds carried forward SORP Ref Net movement in funds |
Current year Unrestricted Funds 2021 £ 27,702 12,049 39,751 23,016 23,016 16,735 16,735 16,735 88,264 104,999 |
Current year Restricted Funds 2021 £ - - - 11,762 11,762 (11,762) (11,762) (11,762) 539,139 527,377 |
Current year Total Funds 2021 £ 27,702 12,049 39,751 34,778 34,778 4,973 4,973 4,973 627,403 632,376 |
Prior Year Total Funds 2020 £ 3,800 12,997 |
|---|---|---|---|---|
| 16,797 | ||||
| 20,041 | ||||
| 20,041 | ||||
| (3,244) | ||||
| (3,244) | ||||
| (3,244) 630,647 |
||||
| 627,403 |
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All activities derive from continuing operations
The notes attached on pages 12 to 16 form an integral part of these accounts.
7
ZUBEIDA CHARITABLE TRUST - Statement of Financial Activities for the year ended 31 March 2021
ZUBEIDA CHARITABLE TRUST - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP
| Income & Endowments from: Donations & Legacies A1 Investments A4 Total income A Expenditure on: Charitable activities B2 Total expenditure B Net income for the year Net income after transfers Reconciliation of funds:- E Total funds brought forward Total funds carried forward SORP Ref Net movement in funds A-B |
Prior Year Unrestricted Funds 2020 £ 3,800 12,997 16,797 8,300 8,300 8,497 8,497 8,497 79,767 88,264 |
Prior Year Restricted Funds 2020 £ - - - 11,741 11,741 (11,741) (11,741) (11,741) 550,880 539,139 |
Prior Year Total Funds 2020 £ 3,800 12,997 16,797 20,041 20,041 (3,244) (3,244) (3,244) 630,647 |
|---|---|---|---|
| 627,403 |
All activities derive from continuing operations
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.'
The notes attached on pages 12 to 16 form an integral part of these accounts.
8
ZUBEIDA CHARITABLE TRUST - Statement of Financial Activities for the year ended 31 March 2021
ZUBEIDA CHARITABLE TRUST - Resources applied in the year ended 31 March 2021 towards fixed assets for Charity use:-
| Funds generated in the year as detailed in the SOFA Net resources available to fund charitable activities |
2021 £ 4,973 4,973 |
2020 £ (3,244) |
|---|---|---|
| (3,244) |
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
Movements in revenue and capital funds for the year ended 31 March 2021
Revenue accumulated funds
| Unrestricted Funds 2021 £ Accumulated funds brought forward 88,264 16,735 104,999 Closing revenue funds 104,999 Summary of funds Unrestricted and Designated funds 2021 £ Revenue accumulated funds 104,999 Total funds 104,999 Recognised gains and losses before transfers |
Restricted Funds 2021 £ 539,139 (11,762) 527,377 527,377 Restricted Funds 2021 £ 527,377 527,377 |
Total Funds 2021 £ 627,403 4,973 632,376 632,376 Total Funds 2021 £ 632,376 632,376 |
Last year Total Funds 2020 £ 630,647 (3,244) |
|---|---|---|---|
| 627,403 | |||
| 627,403 | |||
| Last Year Total Funds 2020 £ 627,403 |
|||
| 627,403 |
The notes attached on pages 12 to 16 form an integral part of these accounts.
9
ZUBEIDA CHARITABLE TRUST - Statement of Financial Activities for the year ended 31 March 2021
ZUBEIDA CHARITABLE TRUST Income and Expenditure Account for the year ended 31 March 2021
| Income Income from operations Refunds from HMRC on gift aided donations Income from investments, other than interest receivable Interest receivable Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year Net income after tax in the financial year Net income before tax in the financial year Investment income |
2021 £ 26,751 951 11,100 949 39,751 39,751 23,278 11,500 34,778 4,973 - 4,973 4,973 |
2020 £ 3,800 - 12,000 997 |
|---|---|---|
| 16,797 | ||
| 16,797 | ||
| 8,541 11,500 |
||
| 20,041 | ||
| (3,244) - |
||
| (3,244) | ||
| (3,244) |
All activities derive from continuing operations
The headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 12 to 16 form an integral part of these accounts.
10
ZUBEIDA CHARITABLE TRUST - Balance Sheet as at 31 March 2021
| Note SORP Ref Fixed assets A Tangible assets 4 A2 Current assets B Debtors 5 B2 Cash at bank and in hand B4 Total current assets Creditors: amounts falling due within one year 6 C1 Net current assets The total net assets of the charity |
2021 £ 529,000 3,000 101,156 104,156 (780) 103,376 632,376 |
2020 £ 540,500 3,000 84,553 87,553 (650) 86,903 627,403 |
2020 £ 540,500 3,000 84,553 87,553 (650) 86,903 627,403 |
|---|---|---|---|
| 627,403 |
The total net assets of the charity are funded by the funds of the charity, as follows:-
| Restricted funds Restricted Revenue Funds 9 D2 527,377 Unrestricted Funds Unrestricted Revenue Funds 9 D3 104,999 Designated Funds Total charity funds |
539,139 527,377 88,264 104,999 632,376 |
539,139 88,264 |
|---|---|---|
| 627,403 |
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.
The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on pages 5 - 6.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
MR MOHAMED PATEL BSc MRICS
Trustee (Head)
Approved by the board of trustees on 23 June 2021
The notes attached on pages 12 to 16 form an integral part of these accounts.
11
ZUBEIDA CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2021
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Policies relating to categories of income and income recognition.
Nature of income
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Income recognition
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Dividends are accrued when the shareholder’s right to receive payment is established.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
Accounting for deferred income and income received in advance
Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.
Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.
When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.
Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.
Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.
12
ZUBEIDA CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2021
Income from legacies
Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to them, that where required, probate has been granted, the executor is satisfied that the property in question will not be required to satisfy claims in the estate, that it is probable that the amount will be received by the charity, and the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met.
Where a payment is received from an estate or is notified as receivable by the executors after the reporting date and before the accounts are authorised for issue but it is clear that the payment had been agreed by the executors prior to the end of the reporting period, then the amount concerned is treated as an adjusting event and accrued as income in the accounting period if receipt is probable.
Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the payment, details of the legacy aredisclosed as a contingent asset until the criteria for income recognition are met. Where a legacy is subject to the interest of a life tenant, the legacy is not recognised as income until the death of the life tenant.
If it is doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to reduce the amount of the legacy debtor and legacy income rather than charging the adjustment as expenditure in the Statement of Financial Activities
Donated goods, facilities and services
Donated fixed assets are recognised at the current fair value. All such donations are recognised as donation income, and debited to fixed assets.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Allocating costs to activities
Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.
The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-
Staffing - on the basis of time spent in connection with any particular activity.
Staffing - on a per capita basis, based on the number of of people employed within any partiular activity. Premises related costs - on the proportion of floor area occupied by a particular activity.
Non specific support costs - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures
Tangible fixed assets
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Freehold premises
2 % straight line
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
13
ZUBEIDA CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2021
2 Net surplus before tax in the financial year
| The net surplus before tax in the financial year is stated after charging:- Depreciation of owned fixed assets |
2021 £ 11,500 |
2020 £ 11,500 |
|---|---|---|
3 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
4 Tangible fixed assets
| Current Year Cost At 1 April 2020 At 31 March 2021 Depreciation At 1 April 2020 Charge for the year At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 Prior Year Cost 02 April 2019 31 March 2020 Depreciation 02 April 2019 Charge for the year 31 March 2020 Net book value 31 March 2020 01 April 2019 |
Land and Buildings £ 575,000 |
Plant & Machinery £ - |
Motor Vehicles £ - |
Total £ 575,000 |
|---|---|---|---|---|
| 575,000 | - | - | 575,000 | |
| 34,500 11,500 |
- - |
- - |
34,500 11,500 |
|
| 46,000 | - | - | 46,000 | |
| 529,000 | - | - | 529,000 | |
| 540,500 | - | - | 540,500 | |
| Land and Buildings £ 575,000 |
Plant & Machinery £ - |
Motor Vehicles £ - |
Total £ 575,000 |
|
| 575,000 | - | - | 575,000 | |
| 23,000 11,500 |
- - |
- - |
23,000 11,500 |
|
| 34,500 | - | - | 34,500 | |
| 540,500 | - | - | 540,500 | |
| 552,000 | - | - | 552,000 |
14
ZUBEIDA CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2021
| 5 Debtors Prepayments and accrued income 6 Creditors: amounts falling due within one year Accruals 7 Income and Expenditure account summary At 1 April 2020 Surplus after tax for the year At 31 March 2021 8 Particulars of how particular funds are represented by assets and liabilities |
2021 £ 3,000 |
2020 £ 3,000 |
|---|---|---|
| 3,000 | 3,000 | |
| 2021 £ 780 |
2020 £ 650 |
|
| 780 | 650 | |
| 2021 £ 627,403 4,973 |
2020 £ 630,647 (3,244) |
|
| 632,376 | 627,403 | |
| At 31 March 2021 Tangible Fixed Assets Current Assets Current Liabilities At 1 April 2020 Tangible Fixed Assets Current Assets Current Liabilities |
Unrestricted funds £ 529,000 (423,221) (780) |
Designated funds £ - - |
Restricted funds £ - 527,377 - |
Total Funds £ 529,000 104,156 (780) |
|---|---|---|---|---|
| 104,999 | - | 527,377 | 632,376 | |
| Unrestricted funds £ 540,500 (451,586) (650) |
Designated funds £ - - - |
Restricted funds £ - 539,139 - |
Total Funds £ 540,500 87,553 (650) |
|
| 88,264 | - | 539,139 | 627,403 |
15
ZUBEIDA CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2021
9 Change in total funds over the year as shown in Note 8 , analysed by individual funds
| Unrestricted and designated funds:- Unrestricted Revenue Funds Total unrestricted and designated funds Restricted funds:- Restricted Fixed Asset Funds Donations & Legacies Total restricted funds Total charity funds |
Funds brought forward from 2020 £ 88,264 |
Movement in funds in 2021 See Note 10 £ 16,735 |
See Note 0 £ - Transfers between funds in 2021 |
Funds carried forward to 2022 £ 104,999 |
|---|---|---|---|---|
| 88,264 | 16,735 | - | 104,999 | |
| - 539,139 |
(11,762) - |
- - |
(11,762) 539,139 |
|
| 539,139 | (11,762) | - | 527,377 | |
| 627,403 | 4,973 | - | 632,376 |
10 Analysis of movements in funds over the year as shown in Note 9
| Unrestricted and designated funds:- Unrestricted Revenue Funds Restricted funds:- Restricted Fixed Asset Funds |
Income 2021 £ 39,751 - |
Expenditure 2021 £ (23,016) (11,762) |
Other Gains & Losses 2021 £ - - |
Movement in funds 2021 £ 16,735 (11,762) |
|---|---|---|---|---|
| 39,751 | (34,778) | - | 4,973 |
11 The purposes for which the funds
Unrestricted and designated funds:-
Unrestricted Revenue Funds
Unrestricted Revaluation Reserve
These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
This fund represents the unrestricted surplus arising on the revaluation of the charity's assets.
Restricted funds:-
Restricted Fixed Asset Funds Restricted Revaluation Reserve
The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of the charity's assets.
12 Ultimate controlling party
The charity is under the control of its legal members.
16