| CONTENTS | ||
|---|---|---|
| Contents | ||
| Charity information |
||
| Trustees annual report |
||
| Independent auditor's |
report | 6-9 |
| Statement offinancial | activities | |
| Balance sheet | ||
| Statement ofcash flows | 12 | |
| Notes to the financial | statements | 13-16 |
| Registered | cbarity | name | Ahlebait Foundation |
Ahlebait Foundation |
|||||
|---|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 1180040 | |||||||
| Charity Commission | England | and | Wales | ||||||
| Principal | and registered | office | Suite 07, I" Floor | ||||||
| Memo House | |||||||||
| Kendal Avenue | |||||||||
| London | |||||||||
| W3 OXA | |||||||||
| Trustees | Syed Baqar Abbas Zaidi | ||||||||
| Hassnain Zahra |
Zaidi | ||||||||
| Ali )afar Zaidi | |||||||||
| Syedah Zainab | lqbal (resigned | 2 March 2021) | |||||||
| Sycda Anmol Ume Laila (resigned |
2 March 2021) | ||||||||
| Benish Fatimah | Zaidi | (appointed 2 |
March 2021) | ||||||
| Auditors | KKAssociates | ||||||||
| Chartered Accountants |
and Registered | Auditors | |||||||
| 305 Crown House, Park Royal | |||||||||
| North Circular | Road | ||||||||
| London | |||||||||
| NW10 7PN | |||||||||
| Bankers | Barclays Bank | UK PLC | |||||||
| I Churchi II Place |
|||||||||
| London | |||||||||
| E145HP |
| YE | AR ENDED 31 | MARCH 202 | 1 | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2021 | 2020 | ||
| Nate | f | f | f | ||
| INCOME AND | |||||
| ENDOWMENTS FROM: | |||||
| Donations and legacies |
2 | 8,686 | 425,635 | 434421 | 326,023 |
| Investments | 3 | ||||
| TOTAL INCOME | 8,686 | 425,635 | 434,321 | 326,023 | |
| EXPENDITURE ON: | |||||
| Ratsing funds | (7,132) | (7,132) | |||
| Charitable activities |
(1,000) | (408,656) | (409,656) | (316,234) | |
| TOTAL EXPENDITURE | (8&132) | (408,656) | (416,788) | (316,234) | |
| NKT INCOME/ | |||||
| (EXPENDITURE) | 554 | 16,979 | 17,533 | 9,789 | |
| OTFIKR RECOGNISED | |||||
| GAINS/(LOSSES) | 4 | ||||
| NET MOVEMENT IN FUNDS | 554 | 16,979 | 17,533 | 9,789 | |
| RECONCILIATION | OF | ||||
| FUNDS: | |||||
| Total funds brought forward |
5,520 | 4469 | 9,789 | ||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 8,9 | 6,074 | 21,248 | 27322 | 9,789 |
| 39 | MARCH | 2021 | ||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Note | ||||||
| CURRENT ASSETS | ||||||
| Debtors | ||||||
| Cash at bank and m hand | 28422 | 10,789 | ||||
| CREDITORS: Amouats | falling due within | one | 28422 | 10,789 | ||
| year | 7 | (1,000) | (1,000) | |||
| NET CURRENT ASSETS | 27422 | 9,789 | ||||
| TOTAL ASSETSLESS | CURRENT LIABILITIES | 27,322 | 9,789 | |||
| TOTAL NET ASSETS | 27,322 | 9,789 | ||||
| FUNDS OF THE CHARITY | ||||||
| Itestrtcted income funds |
21,248 | 4,269 | ||||
| Unrestricted income funds |
6,074 | 5,520 | ||||
| TOTAL CHARITY FUNDS | 10 | 27,322 | 9,789 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Cash flows from operating | activities | |||||
| Net income | 17,533 | 9,789 | ||||
| Adjustments for: | ||||||
| Foreign currency gains |
||||||
| Other interest receivable | and | similar income | ||||
| Changes in: | ||||||
| Trade and other | debtors | |||||
| Trade and other | creditors | 1,000 | ||||
| Cash generated | from operations | 17,533 | 10,789 | |||
| Interest received | ||||||
| Net cash from operating | activities | 17,533 | 10,789 | |||
| Net increase in | cash and cash equivalents | 10,789 | 10,789 | |||
| Cash and cash | equivalents | at beginning | ofyear | t /,533 | ||
| Cash and cash | equivalents | at end ofyear | 28422 | 10,789 |
| Restricted | Total | Funds | Total Funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | 2021 | 2020 | |||||||||
| 0 | |||||||||||
| 4. | OTHER RECOGNISED | GAINS/(LOSSES) | |||||||||
| Foreign currency gains | |||||||||||
| 5. | CHARITABLE ACTIVITIES | ||||||||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||||
| Funds | Funds | 2021 | 2020 | ||||||||
| Charitable | expenditure | 408,656 | 408,656 | 315,234 | |||||||
| Governance | costs —Audit fees | 1,000 | 1,000 | l,000 | |||||||
| 1,000 | 408,656 | 409,656 | 316,234 | ||||||||
| The charitable | expenditure | was incurred | in accordance | with the charity's objects. | |||||||
| 6. | DEBTORS | ||||||||||
| 2021 | 2020 | ||||||||||
| f | |||||||||||
| Gift Aid receivable | |||||||||||
| Other debtors | |||||||||||
| 7. | CREDITORS: Amounts | falliug | due within | one year | |||||||
| 2021 | 2020 | ||||||||||
| Accru ala | 1)000 | i,000 | |||||||||
| 11000 | 1,000 | ||||||||||
| 8. | UNRESTRICTED INCOME FUNDS | ||||||||||
| Balance at 31March 2020 |
Incoming resources |
Outgoing resources 31 |
Balance at March 2021 |
||||||||
| 4 | |||||||||||
| Unrestricted | funds | 5,520 | 8,686 | (8,132) | 6,074 |
| 9. | RESTRICTED INCOME | RESTRICTED INCOME | FUNDS | ||||
|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance at | ||||
| 31March | 2020 | resources | resources | 31March 2021 | |||
| Restricted funds |
4469 | 425,635 | (408,656) | 21,248 | |||
| 10. | SUMMARY OF | ASSETS | AND LIABILITIES OFEACH CATEGORY OF FUNDS OF | ||||
| THE CHARITY | |||||||
| Unrestricted | Restricted | Total | |||||
| Funds | Funds | Funds | |||||
| 2021 | 2021 | 2021 | |||||
| Debtors | |||||||
| Cash at bank and | in hand | 7,074 | 21448 | 28422 | |||
| Creditors (falling | |||||||
| due within | one year) | (1,000) | (1,000) | ||||
| Net assets | 6,074 | 21,248 | 27 322 | ||||
| Unrestricted funds |
6,074 | 6,074 | |||||
| Restricted funds |
21448 | 21,248 | |||||
| Total charity funds | 6,074 | 21,248 | 27322 | ||||
| Unrestricted | Restricted | Total | |||||
| Funds | Funds | Funds | |||||
| 2020 | 2020 | 2020 | |||||
| Debtors | |||||||
| Cash at bank and | in hand | 6,520 | 4,269 | 10,789 | |||
| Creditors (falling | |||||||
| due within | one year) | (1,000) | (1,000) | ||||
| Net assets | 5,520 | 4,269 | 9,789 | ||||
| Unrestricted funds Restricted funds |
5,520 | 4,269 | 5,520 4,269 |
||||
| Total charity funds | 5,520 | 4,269 | 9,789 |