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





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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2021|2021|2021|2020|2020|2020|
||||Notes||F|F.|K|||
|~loc mc from:||||||||||
|Donations<br>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<br>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|





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|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<br>funds|-|general||190,625||140,882|
|||||190,625||140,882|





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





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|||||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|





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||||||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<br>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<br>costs||||||
||Operating<br>ebay||charity shop||22,946||
||||||49,832|4,824|
|7|Charitable<br>activities||||||
||||||Charitable|Charitable|
||||||Expenditure<br>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<br>by|fund|||||
||Unrestricted|funds||- general|69,117|14,992|
||Restricted funds||||201,708|97,830|
||||||270,825|112,822|





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



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|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<br>amount||||
|At 31 March|2021||2,482|
|At 31 March|2020||3,309|





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



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