2021-03-31-accounts

Trustees		Mr Abdul Gaffar Khatri
		DrAl-Rehan Dhanji
		Mr Bozlur Rahman
		Mr Faizal Lalloo
		Mr Talhet Anwar
		Dr. Razwan Siddique
Chairperson		Mr Taihet Anwar
Chief executive officer		Dr Mahmoud lbrahim
Charity number		1170486
Principal address		49 Heathcote Court
		Heathcote Avenue
		liford
		Essex
		lG5 OQR
Independent	examiner	AF Coopers 8 Co
		Chartered Certified Accountants
		29 Park Grove Road
		Leytonstone
		E114PT
Bankers		Lloyds Bank Pic

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2021	2021	2021	2020	2020	2020
			Notes		F	F.	K
~loc mc from:
Donations and legacies			3	100,127	201,708	301,835	93,450	97,830	191,280
Other trading	activities		4	68,560		68,560
Investments			5	5		5
Total income				168,692	201,708	370,400	93,452	97,830	191,282
Ex enditure	on:
Raising funds				49,832		49,832
Charitable activities			7	69,117	201,708	270,825	14,992	97,830	112,822
Total resources
expended				118,949	201,708	320,657	19,816	97,830	117,646
Net income for		the year/
Net movement		in funds		49,743		49,743	73,636		73,636
Fund balances	at 1
April 2020				140,882		140,882	67,246
Fund balances		at 31
INarch 2021				190,625		190,625	140,882		140,882

Fixed assets
Tangible assets						3,309
Current assets
Cash at bank and	in	hand	189,230
Creditors: amounts		falling due within
one year			(1,087)		(750)
Net current assets				188,143		137,573
Total assets less	current liabilities			190,625		140,882
Income funds
Unrestricted funds	-	general		190,625		140,882
				190,625		140,882

	Accounting policies {Continued)	Accounting policies {Continued)
	income from sale in the charity's Ebay shop is recognised at the poirit of sale. All trading exercised course of carrying out a primary purpose ofthe charity.	in the
	Expenditure
	Expenditure is recognised when it is incurred. Expenditure is reported gross ofrelated income.
	Tangible fixed assets
	Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation,	net of
	depreciation and any impairment losses.
	Depreciation is recognised so as to write off the cost or valuation of assets less their residual values	over
	their useful lives on the following bases:
	Fixtures and fittings 25% on written down value
	The gain or loss arising on the disposal of an asset is determined as the difference between the sale
	proceeds and the carrying value ofthe asset, and is recognised in net incomel(expenditure) for the year.
1.7	Impairment offixed assets
	At each reporting end date, the Seven Spikes reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the
	impairment loss (ifany).
1.8	Cash and cash equivalents
	Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts	iiquid are
	shown within borrowings in current liabilities.
	Financial instruments
	The Seven Spikes has elected to apply the provisions of Section 11 'Basic Financial instruments' Section 12'Other Financial Instruments Issues' ofFRS 102to all of its financial instruments.	and
	Financial instruments are recognised in the Seven Spikes's balance sheet when the Seven Spikes becomes party to the contractual provisions ofthe instrument.
	Financial assets and liabilities are offset, with the net amounts presented in the financial statements,	when
	there is a iegaily enforceable right to set offthe recognised amounts and there is an intention to settie	on a
	net basis orto realise the asset and settle the liability simultaneously.
	Derecognition offinancial liabilities
	Financial liabilities are derecognised when the Seven Spikes's contractual obligations expire or are discharged or cancelled.
	Taxation
	Seven Spikes Relief Foundation is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010.Accordingly, the Charity is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1I992 in
	respect ofincome and gains arising

				Unrestricted	Restricted		Total
				funds	funds
				general
				2021	2021	2021
	Donations	and	gifts	80,306	201,708	282,014	191,280
	Gift aid received			19,821		19,821
				100,127	201,708	301,835	191,280
	For the year ended 31 March 2020			93,450	97,830		191,280
4	Other trading		activities
						Unrestricted	Total
						funds
						general
						2021
	Ebay shop	turnover				68,560

Unrestricted	Unrestricted
funds	funds
general	general
2021	2020
	E

					Unrestricted	Unrestricted
					funds	fllnds
					general	general
					2021	2020
					f.
	Ex enditures	on		Fundraisin
	Rent rates and		utilities		8,467
	Misc fundraising			costs	1,796	785
	Travelling costs				2,600	1,187
	Administrative		costs		2,877	1,480
	Salaries and	wages			9,182
	Depreciation	and		impairment	827	1,103
	Bank and finance			charges	'l,137	269
	Expenditures	on		Fundraising	26,886	4,824
	T~ladlll costs
	Operating ebay		charity shop		22,946
					49,832	4,824
7	Charitable activities
					Charitable	Charitable
					Expenditure Expenditure
					2021	2020
	Family support				96,382	48,694
	Food supply				59,06?	14,726
	Orphans				4,775	15,000
	Water projects				34,836	13,411
	Education				6,650	6,000
	General charitable			activities	69,'l17	14,991
					279,292	112,822
					2?0,825	112,822
	Analysis by	fund
	Unrestricted	funds		- general	69,117	14,992
	Restricted funds				201,708	97,830
					270,825	112,822

Number of The average	employees monthly number ofemployees during	the year was:
		2021	2020
		Number	Number
Employment	costs		2020
Wages and	salaries	9, l82

Tangible fix	ed asset	s
			Fixtures end fittingsf
Cost
At 1 April 2020			4,412
At 31 March	2021		4,412
Depreciation	and impairment
At 1 April 2020			1,103
Depreciation	charged	in the year	827
At 31 March	2021		1,930
Carrying amount
At 31 March	2021		2,482
At 31 March	2020		3,309

11	Creditors: amounts	falling due within one year
			2021	2020
			K
	Other taxation and social secudty		437
	Accruals and deferred	income	650
			1,087