Aba5aleh Foundatlon Chatlty No. 1169106 Trustees. Report and Unaudlted Accounts 01 June 2021 Scanned with Camscanner |||Pages| |---|---|---| |Trustees' Annual
Report||| |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:|||||| |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|||||| |---|---|---|---|---|---|---| |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||||||| |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.||||| |Revaluation||funds||These are unrestricted
funds which indude a revaluation||reserve representing|||the| |||||restatement
ofinvestment
assets at their market values.|||||| |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.|||||| |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|||||| |||||entitlement
to the income.|||||| |Tax reclaims||on||Income from tax reclaims
is included
in the SoFAatthe|same time asthe||||| |donations|and||gifts|gift/donation
to which Itrelates.|||||| |Donated services||||These are only included
in income (with an equivalent
amount
in expenditure)|||||| |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.|||||| |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|||| |expenditure|||cannot be fully recovered,
and is reported|as part ofthe expenditure
to which it||| ||||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||| |charitable|activities||services in the furtherance
ofits objects, including||the making|ofgrants and| ||||governance
costs.|||| |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|| ||||requirements
ofthe Charity, including
any audit/independent|||examination
fees,| ||||costs linked to the strategic management|ofthe Charity, together with a share of||| ||||other administration
costs.|||| |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.||||| |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||||| |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)|