Aba5aleh Foundatlon Chatlty No. 1169106 Trustees. Report and Unaudlted Accounts 01 June 2021 Scanned with Camscanner
| Pages | ||
|---|---|---|
| Trustees' Annual Report |
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| Independent Examiner's |
Report | |
| Statement ofFinancial Activities | ||
| Balance Sheet | ||
| Notes tothe Accounts | Bto10 | |
| Statement ofCash flows | ||
| Detailed Statement of Financial Activities | 12 |
| or the year ende | d | 1June 2021 | |||
|---|---|---|---|---|---|
| Unrest rlcte | |||||
| d funds | Total funds | Total funds | |||
| 2021 | 2021 | 2020 | |||
| 6 | E | 6 | |||
| Income and endowments | |||||
| from: | |||||
| Donations and | legacies | 1,146 | 1,146 | 7,917 | |
| Total | 1,146 | 1,146 | 7,917 | ||
| Expenditure on: |
|||||
| Other | 66,920 | 66,920 | 24,790 | ||
| Total | 66,920 | 66,920 | 24,790 | ||
| Net gains on investments | |||||
| Net expenditure | (65,774) | (65,774) | (16,873) | ||
| Transfers between | funds | ||||
| Net expenditure gains/(losses) |
before other | (65,774) | (65,774) | (16,873) | |
| Other gains and | lames | ||||
| Net movement | In funds | (65,774) | (65,774) | (16,873) | |
| Recondllatlon offunds: |
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| Total funds brought | forward | (4,054) | (4,054) | ||
| Total funds carried | forward | (69,828) | (69,828) | (16,873) |
| Abasaleh Foundation Balance Sheet at 1June 2021 |
Abasaleh Foundation Balance Sheet at 1June 2021 |
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|---|---|---|---|---|---|---|
| Charity No. 1169106 | 2021 | 2020 | ||||
| 6 | 6 | |||||
| Current assets | ||||||
| Cash at bank and | in | hand | 7,572 | 4,861 | ||
| 7,572 | 4,861 | |||||
| Net current assets | 7,572 | 4,861 | ||||
| Total assets less current llablgtles | 7,572 | 4,861 | ||||
| Creditors: Amounts | falling due after more than one year | 6 | (77,400) | 8,915 | ||
| Net (llabgitles)/assets | exduding | pension asset or liability | (69,828) | 13,776 | ||
| Total net (Babilitles)/assets | (69,828) | 13,776 | ||||
| The funds ofthe charity | ||||||
| Restricted funds | ||||||
| Unrestricted funds |
||||||
| General funds | (69,828) | (4,054) | ||||
| (69,828) | (4,054) | |||||
| Reserves | ||||||
| Total funds | (69,8281 | (4,054) | ||||
| Approved by the trustees on 31March 2022 |
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| And signed on their behalf by: |
| Fund accounting | Fund accounting | Fund accounting | Fund accounting | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | These are available for use atthe discretion ofthe trustees in furtherance |
of | the | |||||
| general objects ofthe charity. | |||||||||
| Designated | funds | These are unrestricted funds earmarked by the trustees |
for particular purposes. |
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| Revaluation | funds | These are unrestricted funds which indude a revaluation |
reserve representing | the | |||||
| restatement ofinvestment assets at their market values. |
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| Restricted funds | These are available for use subject to restrictions imposed |
by the donor | or through | ||||||
| terms ofan appeal. | |||||||||
| Income | |||||||||
| Recognition | of | Income is included in the Statement ofFinancial Activities |
(SoFA) when the charity | ||||||
| income | becoines entitled to, and virtually certain to receive, the | income and the | amount of | ||||||
| the income can be measured with sufficient reliability. |
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| Income with | related | Where income has related expenditure the income and |
related expenditure | is | |||||
| expenditure | reported gross in the SoFA. | ||||||||
| Donations | and | Voluntary income received by way ofgrants, donations |
and gifts is included in |
the | |||||
| legacies | the SoFA when receivable and only when the Charity has unconditional |
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| entitlement to the income. |
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| Tax reclaims | on | Income from tax reclaims is included in the SoFAatthe |
same time asthe | ||||||
| donations | and | gifts | gift/donation to which Itrelates. |
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| Donated services | These are only included in income (with an equivalent amount in expenditure) |
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| and facilities | where the benegt to the Charity Isreasonably quantifiable, measurable |
and | |||||||
| material. | |||||||||
| Volunteer | help | The value ofany volunteer help received is not included |
in the accounts. | ||||||
| Investment | income | This is Included in the accounts when receivable. |
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| Gains/(losses) | on | This includes any gain or loss resulting from revaluing investments to market |
value | ||||||
| revaluation | of | fixed | at the end ofthe year. | ||||||
| assets | |||||||||
| Gains/(losses) | on | This includes any gain or loss on the sale ofinvestments. | |||||||
| investment | assets |
| s tothe Acc | s tothe Acc | ounts | ||||
|---|---|---|---|---|---|---|
| Expenditure | ||||||
| Recognition | of | Expenditure Is recognised on an accruals basis. Expenditure Includes any VAT which |
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| expenditure | cannot be fully recovered, and is reported |
as part ofthe expenditure to which it |
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| relates. | ||||||
| Expenditure | on | These comprise the costs associated with | attracting | voluntary | income, fundraising | |
| raising funds | trading costs and investment management |
costs. | ||||
| Expenditure | on | These comprise the costs incurred by the |
Charity in the delivery ofIts activities and |
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| charitable | activities | services in the furtherance ofits objects, including |
the making | ofgrants and | ||
| governance costs. |
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| Grants payable | All grant expenditure isaccounted for on |
an actual | paid basis | plus an accrual for | ||
| grants that have been approved by the trustees at |
the end of | the year but not yet | ||||
| paid. | ||||||
| Governance | costs | These include those costs associated with |
meeting | the constitutional and statutory |
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| requirements ofthe Charity, including any audit/independent |
examination fees, |
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| costs linked to the strategic management | ofthe Charity, together with a share of | |||||
| other administration costs. |
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| Other expenditure | These are support costs not allocated to a particular | activity. |
| 2 | Statemen | t | ofFinandal | Activities - prior year | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| funds | Total funds | ||||||
| 2020 | 2020 | ||||||
| Income and endowments | from: | ||||||
| Donations | and legacies | 7,917 | 7,917 | ||||
| Total | 7,9D | 7,917 | |||||
| Expenditure | on: | ||||||
| Other | 24 79p | 24 790 | |||||
| Total | 24 79p | 24790 | |||||
| Net | income | (16,873) | (16,873) | ||||
| Net | Income before other | ||||||
| gains/(losses) | (16,873) | (16,873) | |||||
| Other gains and losses: | |||||||
| Net | movement | in funds | (16,873) | (16,873) | |||
| gecondliation | offunds: | ||||||
| Total funds brought forward | 12,819 | 12,819 | |||||
| Total funds carried forward | (4,054) | (4,054) | |||||
| 3 | Income from donations | and legades | |||||
| Unrestricted | Total | Total | |||||
| 2021 | 2020 | ||||||
| E | E | ||||||
| 1,146 | 1,146 | 7,917 | |||||
| 1,146 | 1,146 | 7,917 | |||||
| 4 | Other expenditure | ||||||
| Unrestricted | Total | Total | |||||
| 2021 | 2020 | ||||||
| 66,920 | 66,920 | 24,790 | |||||
| 66,920 | 66,920 | 24,790 |
| 2021 | 2020 |
|---|---|
| E | E |
| 77,400 | (8,915) |
| 77,400 | (8,915) |
| Incoming | |||||||
|---|---|---|---|---|---|---|---|
| resources | Resources | At 1June | |||||
| At 2June | (Including other |
expended | 2021 | ||||
| 2020 | gains/losses) | ||||||
| E | |||||||
| Restricted funds: | |||||||
| Unrestricted funds: General funds |
(4054) | 1146 | (66920) | (69,82$) | |||
| Revaluation | Reserves: | ||||||
| Total funds | (4,054) | 1,146 | (66,920) | (69,828) | |||
| 8 | Analysis of | net | assets between funds | ||||
| Unrestricted | Total | ||||||
| funds | |||||||
| E | E | ||||||
| Net current | assets | 7,572 | 7,572 | ||||
| Creditors due in more than one year and | P7,400) | (77,400) | |||||
| provisions | (69,828) | (69,828) | |||||
| 9 | Recondllation | ofnet debt | |||||
| At 2June | At1June | ||||||
| 2020 | Cash flows | 2021 | |||||
| f | E | E | |||||
| Cash and cash | equivalents | 4,861 | 2,711 | 7,572 | |||
| 4,861 | 2,711 | 7,572 | |||||
| dbt | 4,861 | 2,711 | 7,572 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 6 | E | |||
| Cash flows from operating | acthrltles | |||
| Net expenditure per Statement ofFinancial Activities |
(65,774) | (16,873) | ||
| Adjustments for. |
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| Increase/(Decrease) ln trade and other |
payables | 86,315 | (8,915) | |
| Net cash provided by/(used |
ln) operating | activities | 20,541 | (25,788) |
| Net cash from Investing activities |
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| Net cash from Rnancfng activities | ||||
| Net Increase/(decrease) In |
cash and cash | equivalents | 20,541 | (25,788) |
| Cash and cash equivalents | atthe beginning ofthe year | 4,861 | 12,819 | |
| Cash and cash equivalents | atthe end ofthe year | 25,402 | (12,969) | |
| Components ofcash and cash equivalents | ||||
| Cash and IIank balances | 7,572 | 4,861 | ||
| 7,572 | 4,861 |
| forthe year ended | 1June | 2021 | Unrestricted | |||
|---|---|---|---|---|---|---|
| funds | Total funds | Total funds | ||||
| 2021 | 2021 | 2020 | ||||
| E | E | |||||
| Income and endowments | fram: | |||||
| Donations and legacies | 1,146 | 1146 | 7917 | |||
| 1,146 | 1,146 | 7,917 | ||||
| Total income and | endowments | 1,146 | 1,146 | 7,917 | ||
| Expenditure on: |
||||||
| Other expenditure | ||||||
| tt gap | 66920 | 24,790 | ||||
| 66,920 | 66,920 | 24,790 | ||||
| Total ofexpenditure | ofother costs | 66,920 | 66,920 | 24,790 | ||
| Total expenditure | 66,920 | 66,920 | 24,790 | |||
| Net gains on investments | ||||||
| (65,774) | (65,774) | (16,873) | ||||
| Net expenditure | ||||||
| Net expenditure | before other | (65,774) | (65,774) | (16,873) | ||
| gains/(losses) | ||||||
| Other Gains | ||||||
| Net movement in funds |
(65,774) | (65,774) | (16,873) | |||
| Reconciliation of | funds: | |||||
| Total funds brought | forward | (4,054) | (4,054) | |||
| Total funds carded | forward | (69,828) | (69,828) | (16,873) |