The Charity Registration Number is :- 1175804
SAMR TRUST
Report and Accounts
31 December 2020
## **SAMR TRUST**
## **Report and accounts for the period ended 31 December 2020**
## **Contents**
||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1-4|
|**Statement of Trustee's Responsibilities**||5|
|**Independent Accountant's Report**||6-7|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||8-9|
|Movements in Revenue funds & Capital funds||10|
|Income and Expenditure account||11|
|**Balance sheet**||12|
|**Cash flow statement**||13-14|
|**Notes to the accounts**||15-21|
## **SAMR TRUST**
## **Trustees' Annual Report for the year ended 31 December 2020**
The Trustees presents his Report and Accounts for the year ended 31 December 2020.
## **Reference and administrative details**
## _**The charity name.**_
The legal name of the charity is:- SAMR TRUST.
The charity is also known by its operating name, SAMR 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 1175804.
The charity also operates in the following countries:-
## **Country**
Pakistan Uganda Sri Lanka Africa
## _**Legal structure of the charity**_
The charity is constituted as an unincorporated charity, established by Trust Deed. The governing document of the charity is the Trust Deed establishing the charity.
The governing document is dated 22 March 2017 There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
The trustees are all individuals.
1
## **SAMR TRUST**
## **Trustees' Annual Report for the year ended 31 December 2020**
## **The principal operating address, telephone number, email and web addresses of the charity are:-**
224 High Street Walthamstow London E17 7JH Telephone: 0207-305-5613 Email Address: samrtrust@gmail.com Web address: http://www.samrtrust.org
## **The Trustees in office on the date the report was approved were:-**
Samee Ullah Dr Matee Rajput Ziaullah Rajput
## **The following persons served as Trustees during the year ended 31 December 2020 :-**
||**Appointed on**|**Resigned on**|
|---|---|---|
|Sana Ullah|01/01/2017|12/02/2021|
|Samee Ullah|01/01/2017||
|Dr Matee Rajput|22/03/2017||
|Ziaullah Rajput|23/02/2021||
All the trustees are also members of the charity.
## **Objects and activities of the charity**
## _**The purposes of the charity as set out in its governing document.**_
The purpose of the charity is to help and improve the conditions of those who are less fortunate and in need of help across the UK, Asia (Pakistan and Sri Lanka so far) and Africa (Uganda). We aim to do so by providing clean safe drinkable water, basic medical assistance, education assistance and by distributing basic food packs.
## _**The main activities undertaken in relation to those purposes during the year.**_
During this difficult year, we
Provided food packs to over 3000 families across Pakistan.
Provided emergency coronavirus assistance to communities here in the UK and abroad. Installed over 200 water hand pumps across Pakistan and Africa. Installed numerous water filtration plants across Pakistan.
Provided free medical camps and basic daily medications to those needed.
2
## **SAMR TRUST**
## **Trustees' Annual Report for the year ended 31 December 2020**
## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_
In this short time, we managed to install numerous water filtration units which will provide safe clean drinking water to thousands of families daily.
In addition, food packs, medical assistance and clothing has been provided to the needy.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
## _**The short term and longer term aims and objectives.**_
In the short term, we want to continue and develop further the projects we have started. Establish stronger connections locally and internationally to assist us further.
In the long term, we want provide in more areas and countries the projects we have started.
## _**The charity's strategies for achieving its aims and objectives in the future.**_
Maintaining the good standard we have set out. Connecting more reliable and established local people to assist in our projects to enable them to be more efficient and identify the neediest people and communities.
## **The main achievements and performance of the charity during the year.**
The main achievement was the provision of installing the water filtration plants in a very short time considering the budget allocated, locations and staff restrictions.
## **Financial review**
## _**The charity's financial position at the end of the year ended 31 December 2020**_
The financial position of the charity at 31 December 2020 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|**Net income**
Unrestricted Revenue Funds available for the
general purposes of the charity
**Total Funds**|**2020**
**£**
34,288
95,815
**95,815**|**2019**
**£**
33,986|
|---|---|---|
|||61,527|
|||**61,527**|
3
## **SAMR TRUST**
## **Trustees' Annual Report for the year ended 31 December 2020**
## _**Financial review of the position at the reporting date, 31 December 2020 .**_
The trustees consider the financial performance by the charity during the year to have been satisfactory.
## _**Policies on reserves.**_
We continue to strive to build reserves but like many organisations find an ever-increasing demand for our service. We believe that given the level of local, national and international support, we can continue to be able to provide these charity projects nationwide in the UK and to other countries.
## _**Availability and adequacy of assets of each of the funds**_
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
## **Details of The Independent Examiner**
MR P. JAYAWARDENE
Member of The Institute of Chartered Accountants
Hamilton House 4A The Avenue London E4 9LD
4
SAMR TRUST
Trustees. Annual Report for the year ended 31 December 2020
statement of Trustees, Responsibilities
The charivs trustees are responsible for the preparalion of the accounts in accordance with the
terms of the Charities Act 2011 and the Charities IAccounts and Reports) Regulations 2008.
Notwilhslanding the explicit requirement in Ihe 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 deleimined lo
inlerprel Ihis responsibility as requiring them to follow cuiienl best practice and prepare th&
accounts according lo the FRS 102 SORP (Statement of Recommended Practice for Accounting
an(5 Reporting by Charities) 2015, las amended by the Bulletin issued in October 2018 and
applicable lo all accounting periods beginning on or after 1st January 20191, (The SORPI,
In particular. charity law requires the Trustees, if they prepare accounts L)n an accruals basis, lo
prepare financial statements for each financial year which give a true and fair view of the slate of
affairs of the charity 88 at the end of the financial yeai and of the suiplus or deficit of the charity. In
preparing those financial statements the Trustees are required lo
lo prepare the accounts in accord8n¢e with United Kingdom Generally Accepted
Accounling Practice (United Kingdom Ac¢ounling Standards and applicable lawl.
select suitable accounting policies and apply them consislenlly".
make judgements and eslimales that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless il is inappropriate
to presume that the charity will continue in business.,
slate whether applicable accounting standards and slalements of
recommended practice have been followed, subject lo any material
departures disclosed and explained in the financial stalements.,
The law requires that the trustees musl not approve the accounts unless they are satisfied that they
give a true and fair view of the stste 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 disdose
with reasonable accuracy at any time the financial position of th8 charity and which are sufficiènt to
show and explain the charity's Iran$a¢lions and enable them to ènsure that the financial statements
comply with regulations made under thè Charities Act 2011. They are also responsible for
safeguarding the assels tsf the charity and hence lor tsking reasonablè steps for the prevention and
detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the TruslÈes' report. and the statutory responsibility of the
Independent Examiner in ielalion to IIE Trustees, report is lirniied to examining the report and ensuring that. on
the face Df th& report, ther8 are no mat&rial inconsistencies with the fIguS disclosed in the financial
slatem&nts.
Thi8 report was 8Fproved by th& board of truslees on 28 Sèptember 2021.
MR SAMEE ULLAH
Trustee
## **SAMR TRUST**
## **Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 December 2020**
I report to the Trustees on my examination of the financial statements of the charity on pages 8 to 21 for the year ended 31 December 2020 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) adapted to meet the needs of unincorporated organisations, 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 15.
## **Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report**
As described on page 5, 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.
6
## **SAMR TRUST**
## **Independent Examiner's Statement, Report and Opinion**
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-
This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
accounting records were not kept in respect of the charity as required by with Section 130 of The Charities Act 2011;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;
have not been prepared in accordance with the methods and principles set out in 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).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
**Signed:-**
## _peterjayawardene_
MR P. JAYAWARDENE - Independent Examiner
Member of The Institute of Chartered Accountants
Hamilton House 4A The Avenue London E4 9LD
This report was signed on 28 September 2021
7
## **SAMR TRUST - Statement of Financial Activities for the year ended 31 December 2020**
## _**Statement of Financial Activities for the year ended 31 December 2020**_
|**SORP**
**Ref**
**Current year**
**Income & Endowments from:**
Donations & Legacies
A1
182,949
**Total income**
**A**
**182,949**
**Expenditure on:**
Raising funds
B1
-
Charitable activities
B2
148,661
**Total expenditure**
**B**
**148,661**
**Net income for the year**
**34,288**
**Transfers between funds**
**C**
-
**Net income after transfers**
**A-B-C**
**34,288**
**Net movement in funds**
**34,288**
**Reconciliation of funds:-**
**E**
-
**Total funds brought forward**
61,527
**Total funds carried forward**
**95,815**
**Unrestricted**
**Funds**
**2020**
**£**|**Current year**
-
**-**
-
-
**-**
**-**
-
**-**
**-**
-
-
**-**
**Restricted**
**Funds**
**2020**
**£**|**Current year**
**182,949**
**182,949**
**-**
**148,661**
**148,661**
**34,288**
**-**
**34,288**
**34,288**
**-**
**61,527**
**95,815**
**Total Funds**
**2020**
**£**|**Prior Year**
**148,947**
**Total Funds**
**2019**
**£**|
|---|---|---|---|
||||**148,947**|
||||**2,279**
**112,682**|
||||**114,961**|
|||||
||||**33,986**
-|
||||**33,986**|
||||**33,986**
-
**27,541**|
||||**61,527**|
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 the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
## **The notes attached on pages 15 to 21 form an integral part of these accounts.**
8
## **SAMR TRUST - Statement of Financial Activities for the year ended 31 December 2020**
## **SAMR TRUST - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP**
|**SORP**
**Ref**
**Income & Endowments from:**
Donations & Legacies
A1
**Total income**
**A**
**Expenditure on:**
Raising funds
B1
Charitable activities
B2
**Total expenditure**
**B**
**Net income for the year**
**Transfers between funds**
**C**
**Net income after transfers**
**Net movement in funds**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**|**Prior Year**
**Unrestricted**
**Funds**
**2019**
**£**
148,947
**148,947**
2,279
112,682
**114,961**
**33,986**
-
**33,986**
**33,986**
-
27,541
**61,527**|**Prior Year**
**Restricted**
**Funds**
**2019**
**£**
-
-
-
-
**-**
-
-
-
**-**
-
-|**Prior Year**
**Total Funds**
**2019**
**£**
**148,947**
**148,947**
**2,279**
**112,682**
**114,961**
**33,986**
**-**
**33,986**
**33,986**
**-**
**27,541**|
|---|---|---|---|
|||**-**|**61,527**|
All activities derive from continuing operations
**The notes attached on pages 15 to 21 form an integral part of these accounts.**
9
## **SAMR TRUST - Statement of Financial Activities for the year ended 31 December 2020**
## **SAMR TRUST - Resources applied in the year ended 31 December 2020 towards fixed assets for Charity use:-**
|Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
**Net resources available to fund charitable activities**|**2020**
**£**
34,288
(21,296)
**12,992**|**2019**
**£**
33,986
-|
|---|---|---|
|||**33,986**|
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 December 2020**
## **Revenue accumulated funds**
|**Unrestricted**
**Funds**
**2020**
**£**
Accumulated funds brought forward
61,527
Recognised gains and losses before
transfers
34,288
**95,815**
**Closing revenue funds**
**95,815**
**Summary of funds**
**Unrestricted**
**and**
**Designated funds**
**2020**
**£**
Revenue accumulated funds
95,815
**Total funds**
**95,815**|**Restricted**
**Funds**
**2020**
**£**
-
-
**-**
**-**
**Restricted**
**Funds**
**2020**
**£**
-
**-**|**Total**
**Funds**
**2020**
**£**
**61,527**
**34,288**
**95,815**
**95,815**
**Total**
**Funds**
**2020**
**£**
**95,815**
**95,815**|**Last year**
**Total Funds**
**2019**
**£**
**27,541**
**33,986**|
|---|---|---|---|
||||**61,527**|
||||**61,527**|
||||**Last Year**
**Total Funds**
**2019**
**£**
**61,527**|
||||**61,527**|
**The notes attached on pages 15 to 21 form an integral part of these accounts.**
10
## **SAMR TRUST - Statement of Financial Activities for the year ended 31 December 2020**
## **SAMR TRUST**
## **Income and Expenditure Account for the year ended 31 December 2020**
|**_Income_**
Income from operations
**Gross income in the year before exceptional items**
**Gross income in the year including exceptional items**
**_Expenditure_**
Charitable expenditure, excluding depreciation and amortisation
Fundraising costs
Governance costs
**Total expenditure in the year**
**Net income before tax in the financial year**
Tax on surplus on ordinary activities
**Net income after tax in the financial year**
**Retained surplus for the financial year**|**2020**
**£**
182,949
**182,949**
**182,949**
147,848
-
600
**148,661**
**34,288**
-
**34,288**
**34,288**|**2019**
**£**
148,947|
|---|---|---|
|||**148,947**|
|||**148,947**|
|||112,082
2,279
600|
|||**114,961**|
|||**33,986**
-|
|||**33,986**|
|||**33,986**|
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 15 to 21 form an integral part of these accounts.**
11
SAMR TRUST- Balance Sheet as at 31 December 2020
SORP
NolÈ Ref
2020
2019
FIKed assets
Tan9iblè assets
21,083
Total flxed assèts
21,083
Current assets
Debtors
Cash at bank and In hand
B2
1.25S
66,033
78,584
Total current assets
79.493
67,288
Creditor5- 3moLtnts Tralling due within
one year
8 C1
14.7611
15.7611
Net CUTrent assets
74,732
61,527
The total net assels of the ¢harlty
95,815
61,527
The total net assets of th? charity are funded by the funds of the charity, as lollows=.
Restricted funds
Unrestricted Funds
UnrÈ81riclèd Revenl Funds
11 D3
95,815
61,527
95.815
61.527
Designat•d Funds
Total charity funds
95,BIS
61,527
The'SORP R&f indicate(J above is the classification of Balance Sheet items as sei out in the fomal SORP
documents. As required by paragraph 4.60 of the SORP, the brought foward and carrred fotward fund5 above
have been agreed tts the SOFA..
The Trustees acknowledge thèir responsibililiÈ& for tomplying with the requirements of charity legislation with
respect lo a¢¢ounting re¢ords and thè pr&p8ratson of 8ccounts.
The charity Is subject lo Independent Examination under charity legislation, and the feport of the Independent
Examiner is on pages 6- 7.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts. if il were so
regIsted, itwould be eligibEe to prepare accounts in accoidance with the provisions in Part 15 of the Compantss
Act 2006. applicable lo compani&s subject lo the small companies regitlle.
MR SAMEÉ ULLAH
Trustee
Approved by the board of trustees on 28 Septernber 2021
Tho notes atts¢heil on pagÈs 15 to 21 form an Intègral part of these accounts.
12
## **SAMR TRUST**
## **Cash Flow Statement for the year ended 31 December 2020**
|**Cash flows from operating activities**
Net cash provided by operating activities as shown below
**A**
**_Cash flows from investing activities_**
Purchase of property, plant and equipment
**Net cash provided by investing activities**
**B**
**_Cash flows from financing activities_**
**Net cash provided by financing activities**
**C**
**Overall cash provided by all activities**
**A+B+C**
**Cash movements**
Change in cash and cash equivalents from activities in the
year ended 31 December 2020
Cash and cash equivalents at 1 January 2020
**Cash at bank and in hand less overdrafts at 31 December**|**2020**
**£**
33,847
(21,296)
**(21,296)**
**-**
**12,551**
12,551
66,033
**78,584**|**2019**
**£**
34,782|
|---|---|---|
|||-|
|||**-**|
|||**-**|
|||**34,782**
34,782
31,251|
|||**66,033**|
13
## **SAMR TRUST**
## **Cash Flow Statement for the year ended 31 December 2020 SAMR TRUST**
## **Cash Flow Statement for the year ended 31 December 2020 - Continued**
## **Reconciliation of net income to net cash flow from operating activities**
|Net income as shown in the Statement of Financial Activities
**_Adjustments for :-_**
Depreciation charges
Decrease in debtors
Increase in creditors, excluding loans
Increase in provisions
**Net cash provided by operating activities**
**A**
**Analysis of cash and cash equivalents**
Cash in hand at for the year ended 31 December 2020
**Total cash and cash equivalents**|**2020**
**£**
34,288
213
346
(1,000)
-
**33,847**
**2020**
**£**
78,584
**78,584**|**2019**
**£**
33,986
-
(1,255)
2,051
-|
|---|---|---|
|||**34,782**
**2019**
**£**
66,033|
|||**66,033**|
## **SAMR TRUST**
## **Cash Flow Statement for the year ended 31 December 2020 - Continued**
## **Analysis of change in net debt**
|Cash
**Total**|**_At start_**
**_of year_**
66,033
66,033|**_Cash_**
**_Flows_**
12,551
12,551|**_At end_**
**_of year_**
78,584|
|---|---|---|---|
||||78,584|
14
## **SAMR TRUST**
## **Notes to the Accounts for the year ended 31 December 2020**
## **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.
## **Going Concern**
The charitable activities are entirely dependent on continuingog the voluntary donations. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.
## **Risks and future assumptions**
The charity is a public benefit entity.
## _**Policies relating to categories of income and income recognition.**_
## **Nature of income**
Gross income represents the value of donations received from donors and coffee shop sales.
## **Categories of Income**
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
**Income from exchange transactions** is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
**Income from a non-exchange transaction** is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
15
## **SAMR TRUST**
## **Notes to the Accounts for the year ended 31 December 2020**
## **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.
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.
## **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.
16
## **SAMR TRUST**
## **Notes to the Accounts for the year ended 31 December 2020**
## _**Policies relating to expenditure on goods and services provided to the charity.**_
## **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
## **Volunteers**
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note 4.
## _**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.
Land and buildings
over 100 years
A regular annual review of the likelihood of asset impairment is undertaken.
17
## **SAMR TRUST**
## **Notes to the Accounts for the year ended 31 December 2020**
## **Debtors**
Debtors are measured at their recoverable amounts at the balance sheet date.
## **Financial instruments including cash and bank balances**
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
There are no endowment funds.
## **2 Liability to taxation**
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose.
## **3 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **4 The contribution of volunteers**
The charity depends on the support of its volunteers, which is much appreciated. The volunteers work tirelessly to achieve the goals of the charity and their contributions cannot be measured. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.
## **5 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.
18
## **SAMR TRUST**
## **Notes to the Accounts for the year ended 31 December 2020**
## **6 Tangible fixed assets**
|**_Current Year_**
**Cost**
At 1 January 2020
Additions
**At 31 December 2020**
**Depreciation**
At 1 January 2020
Charge for the year
**At 31 December 2020**
**Net book value**
**At 31 December 2020**
**At 31 December 2019**
**_Prior Year_**
**Cost**
01 January 2019
Additions
**01 January 2020**
**Depreciation**
01 January 2019
Charge for the year
**01 January 2020**
**Net book value**
**01 January 2020**
**01 January 2019**|**Land and**
**Buildings**
£
-
21,296|**Plant &**
**Machinery**
£
-
-|**Motor**
**Vehicles**
£
-
-|**Total**
£
-
21,296|
|---|---|---|---|---|
||**21,296**|**-**|**-**|**21,296**|
||-
213|-
-|-
-|-
213|
||**213**|**-**|**-**|**213**|
||**21,083**|**-**|**-**|**21,083**|
||||||
||**-**|**-**|**-**|**-**|
||**Land and**
**Buildings**
£
-
-|**Plant &**
**Machinery**
£
-
-|**Motor**
**Vehicles**
£
-
-|**Total**
£
-
-|
||**-**|**-**|**-**|**-**|
||-
-|-
-|-
-|-
-|
||**-**|**-**|**-**|**-**|
||**-**|**-**|**-**|**-**|
||||||
||**-**|**-**|**-**|**-**|
19
## **SAMR TRUST**
## **Notes to the Accounts for the year ended 31 December 2020**
## **7 Debtors**
|**7 Debtors**||
|---|---|
|Trade debtors
Prepayments and accrued income
**8 Creditors: amounts falling due within one year**
Trade creditors
Accruals
**9 Income and Expenditure account summary**
**At 1 January 2020**
Surplus after tax for the year
**At 31 December 2020**|**2020**
**2019**
**£**
**£**
-
1,000
909
255|
||**909**
**1,255**|
||**2020**
**2019**
**£**
**£**
414
4,081
4,347
1,680|
||**4,761**
**5,761**|
||**2020**
**£**
**2019**
**£**
61,527
27,541
34,288
33,986|
||**95,815**
**61,527**|
## **10 Particulars of how particular funds are represented by assets and liabilities**
|**At 31 December 2020**
Tangible Fixed Assets
Current Assets
Current Liabilities
**At 1 January 2020**
Tangible Fixed Assets
Current Assets
Current Liabilities|**Unrestricted**
**funds**
**£**
**Designated**
**funds**
**£**
**Restricted**
**funds**
**£**
**Total**
**Funds**
**£**
21,083
-
-
**21,083**
79,493
-
**79,493**
(4,761)
-
-
**(4,761)**|
|---|---|
||**95,815**
**-**
**-**
**95,815**|
||**Unrestricted**
**Designated**
**Restricted**
**Total**
**funds**
**£**
-
**funds**
**£**
**funds**
**Funds**
**£**
**£**
-
-
**-**
67,288
-
-
**67,288**
(5,761)
-
-
**(5,761)**|
||**61,527**
**-**
**-**
**61,527**|
20
## **SAMR TRUST**
## **Notes to the Accounts for the year ended 31 December 2020**
## **11 Change in total funds over the year as shown in Note 10 , analysed by individual funds**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**Total unrestricted and designated funds**
**Total charity funds**|**Funds brought**
**forward from**
**2019**
**Movement in**
**funds in 2020**
**Transfers**
**between**
**funds in 2020**
**Funds carried**
**forward to**
**2021**
**£**
**See Note 12**
**£**
**See Note 0**
**£**
**£**
61,527
34,288
**-**
**95,815**|
|---|---|
||**61,527**
**34,288**
**-**
**95,815**|
|||
||**61,527**
**34,288**
**-**
**95,815**|
## **12 Analysis of movements in funds over the year as shown in Note 11**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds|**Income**
**2020**
**£**
182,949|**Expenditure**
**2020**
**£**
(148,661)|**Other**
**Gains &**
**Losses**
**2020**
**£**
-|**Movement**
**in funds**
**2020**
**£**
**34,288**|
|---|---|---|---|---|
||**182,949**|**(148,661)**|
**-**|**34,288**|
## **13 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.
## **14 Ultimate controlling party**
The charity is under the control of its legal members.
21
## SAMR TRUST UK 20EWFRS102NONEND 31 DEC 2020
## Final Audit Report
## 2021-10-27
Created: 2021-10-27 By: pervez lattif (info@plc4accounts.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAabaKIYew6Dque3d4UpAmF8E_0rlu3gzd
## "SAMR TRUST UK 20EWFRS102NONEND 31 DEC 2020" Hist
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