Charity Registration No. 1182111 Companv Regis¢ra¢ion No. CE016567 ff ngland and Wales) NAYBA ANNUAL REPORT ALYD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR E]%DED 31 MARCH 2021
NAYBA LEGALAND ADMINISTRATIVE INFORMATION Trustees David Wcsilakc Bonnie Yule-Kuehne Bishop Dr Wayne Malcolm Dr Shola Adeaga (Appoinled 16 July 2021) Charity number 1182111 Company number CE016567 Registered office 5 The Square Bagshot Surrcy GU19 SAX Jndependent examiner David Howard I Park Road Hampton Wick Kingston UtK)n Thames KTI 4AS
NAYBA CONTENTS P4ge Trustees report Independent examinerfs report Sialemenl of financial activities Balance sheet Notes to the financial statements
NAYBA TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The Trustees present their report and financial statements for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial slalemenls and comply wilh the Nayba charity's CIO Foundation, the Companies Act 2006 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin¥ Sthndard applicable in Ihe UK and Republic of Ireland (FRS 102)" (a5 amended for accounting periods commencing from l January 2016) Objectives And actlvities The objeciives of ihe charity are for the public benefit: lo advance educaiion. training and development particularly but not exclusively by providing skills and knowledge to church and community leaders and volunteers lo enable them io better serve their communities. lo promote the el¢lencY and etTecliveness of charitable organisations by= seeking to build the capacity of the chrislian community through the facilitation of collaborative networks, measuring social and economic impaci, promoting best practice and effective use of resources,. and the provision of grdnt funding to facilitate churche5 and charities in effecting community Iransfommlion. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. Achievements and performgnce Financigl review It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent to between ihree and six monih's expenditure. The Trustees considers that reserves at this level will ensure that. in the event of a significant drop in funding. they will be able to continue the charity's current activities while consideration is given lo ways in which additional funds may be rdi5ed. This level of reseTves has been maintained throughout the year. The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place lo mitigate exposure to the major risks. Structure¥ governance and management The charity is a charilable incorymiraled organisation. The Truslecs, who arc also ihe direciors for Ihe purpose of company law. and who served during the year and up to the datc of signaturc of thc financial statcmcnts wcrc= David Westlake Bonnie Yule-Kuehne Bishop Dr Wayne Malcolm Dr Shola Adeaga (Appointed 16 July 2021)
IIAYBA TRUSTEES REPORT IINCLL,DII%G DIRECTORS, REPORT) (CONTINUED) F"OR THE YEAR E,*DED 31 .VARCH 2021 The company's current policy concerning the paymcnt of trade creditors is to follou" the CBI'5 Prompt Payers L'ude (Lopies dre availdble trom the CBI. C'entre PoinL 103 .e. Oxford StreeL London I,( IA IDUI. The Lompany's current policv conceming the paymcnt of trade crcditor5 is to: settle lh¢ lerrns of payinent with suppliers when agreeingi the tern)s of edLh transaLtion: cn%urc ihai Suppliers are made aware of the iem)s of paJ7neni by inclusion of the rclev#ni Icmis in LunlraLts: arKI pay in JLcordance wilh ihc compllny's contrncbjal and other legal obligations. IDelails of or¥anisaiional slructure.I The Trustees rq)ort Was approved by the Board of Trustees. Truslee Daied: ....
NAYBA INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NAYBA I report to the Trustees on my examinalion of ihe financial slatemenls of Nayba (Ihe charity) for the year cndcd 31 March 2021. Responsibilities and basis of report As the Trustees of the ¢harity (and also its directors for the purposes of company law) you are respon.sible for thc prcparalion of the financial statcmcnts in accoTdanec with ihc rcquiremcnts of the Companies Act 2006 (the 2006 Acl). Having satisfied myself that the financial slalemenls of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. report in respect of my cxaminaiion of ihc charity's financial stsicmcnts carricd oui under Section 145 of thc Charitics Act 2011 Ith¢ 2011 A¢tl. In carrying out my cxamination I hai'c followed all the applicable Dire¢tions given by the Charity Commission under section 145(5)(b) of ihe 201 I Aci. Independent examiner'5 Statement I have completed my examination. l ¢onfim that no matters have come to my attention in connection with the cxaminalion giving mc cause io bclievc thai in any material rcspeci= accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; OT the financial slaiemenis do noi accord wilh ihose records- or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts gIe a true and fair view which is not a matter considered as part of an independeni examination- or the financial statements haN'e noi been prepared in accordance with the methods and principles of the Sialemenl of Recommended Praciice for accounting and reponing by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matteT5 in connection with the examination to which attention should be drawn in this rert in order to enable a proper understanding of the financial statements to be reached. David Howard I Park Road Hampton Wick Kingston Upon Thames KTI 4AS 2611012021
NAYBA STATEMENT OF FINANCIALACTIVITIES IIYCLUDING IIYCOME AIYD EXPEIYDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted funds Total 2021 2020 Notes Donations and legacies 186,529 178,829 enditure on: Raising tunds 1,100 5,821 Charitable activities 177.121 153.245 (hher 8,980 Total resources expended 178,221 168,046 Net income for the vearl Net movement in funds 8,308 10,783 Fund balances at l April 2020 10,784 Fund balances at 31 March 2021 19.092 10,783 The statement of financial activities includes all gains and losses recognised in the year. All inconie and expenditure derive from continuing activities. The statement of ftnancial activities also complies wilh ihe requirements for an income and expenditure account under the Companies Act 2006.
IIAYBA BALANCE SHEF.T ASAT31 M.4RCH2021 2021 2020 Currenl assets DebtOTS C'&%h at bank and in hand 2.287 26.182 23.159 5.072 28.469 28.231 Creditors: amounts falling due within one l'ear (9.377) 117.4481 Nel currcnl asscls 19,092 10,783 Income funds L.nrestrictid 19.092 10,783 19.092 10.783 The company is entiiled to the exemption from the audit requirement con1alTl in SLXtion 477 of the Companies Act ?IKkn. for the year ended 31 March 20? l. No membcr of the company has dep)sited a notice. pursuanl to section 476. requiring an oudii of these financial slaiements. The Trnstees acknowledge their responsibilities for ensuring that the charity k¢eps accountin8 r¢cords which comply with 4ection 386 of the Act and for preparing financial statements w,hich gifve a mie and fair i'icw of the statc of affairs of the company as at the end of the financial Vear and of its incoming resources and applicaiion of resource& including its income and expendittwe. for the financial year in accordancc with the requirements of seclions J94 and 395 and which othenv15e comply M'ith the requirements of the Cornpanies Act 21M)6 relating io financial siaiements. so far &$ applicable to the company. These financial statement> have iKen prepared in acconlance with the provisions applicable lo companies subjeL't lu the small companies regime. 2611012021 The financial Sthlemenis We approved by the Truslees on ......................... Dai.'id Ivesilake Trustee Compan!. Registration No. CE016567
NAYBA NOTES TO THE FINAIYCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies Charity information Nayba is a charitablc incorporated organisation in England and Walcs. Thc rcgistercd office 15 5 The Square, Bagshot, Surrey, GU19 SAX. 1.1 Accounting convention The financial statements have been prepared in accordance with the charily's CIO Foundation, the Companies Act 2(K)6 and "Accounting and Rewirtin¥ by Charities= Statement of Recommended Praelice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicablc in thc UK and Republic of Ireland IFRS 102}" las amcnded for accounting period5 commencing from l January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charilies applying FRS 102 Update Bullctin I not to prcpare a Statement of Cash Flow5. The financial statements are prepared in sterling, which 15 the functional currency of the charity. Monetary amounts in these financial slalemenis are rounded to the nearest £. Thc financial slatements have been preparcd under thc historical cost COnention. modificd to include the revaluaiion of freehold properties and io include invesiment propenies and certain financial instruments ai fair value. The principal accounting policies adopted are set out below. 1.2 Going coneern At the time of approving the financial statements. the Trustees have a reasonable expectation thal the charity has adequaie resources io conlinue in operaiional existence for the foreseeable future. Thus the Trnstees continue lo adopt the going concern basis of accounting in preparing ihe financial slalements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objcctivcs unlcs5 the funds havc bccn dc5ignatcd for other purrrfysc5. Restricted funds are subject to specific conditions by donors as to how they may be used. The purFrt)ses and uscs of ihc rcsiricicd funds arc sci oui in the noics io ihc financial staicments. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Incoming resources Income is recognised when the charity is legally cntitled to it after any performance conditions have been mel, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recogni5ed on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfonnance conditions require deferrdl of the amount. Income tax recoverable in Telation to donations reccived under Gift Aid or deeds- of covenant is rccogniscd at the time of the donation.
NAYBA NOTES TO THE FINAIYCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accounting polieies (Continued) Legacies are recognised on receipt or otherwise if the charity has been nolified of an impending dislribuiion. Ihe amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. .5 Resources e%pended Expenditure is recognised on an accruals basis when incurred. It is reported in the Statement of Financial Activities as follows.. Direct Charitable Expenditure - these are cosis incurred by the charity in the delivery of its activities and services for its beneficiaries. Support ¢osts include other n]nning costs and governanc¢ costs. These are incurred by the charity and are necessary to aid and support the running of the charity and are included wiihin expenditure on charitable activities. All costs are allocated to charitable activities of the SOFA on a ba515 designed to reflect ihe use of the resource. Support Costs relating to a particular fund are allocated directly. others are apportioned on an appropriate basis when applicable. The charity has ideniified one direct charithble activity. 1.6 Cash And cash equivalents Cash and cash cquivalcnts include cash in hand, dcposiis held ai call wilh banks, other short-tcrni liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrdfts are shown within borroiyings in current liabilities. .7 Financial instruments The charity has elected to apply the provisions of Section I I 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charily's balance sheet when the charity becomes party to the ontrdctual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable righi io set off ihe recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simulianeously. Basicfinaneial assets Basic financial assets, which include dcbtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried at amortised cosl using the effective interest method unless the arrangemenl consiiiuies a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rdte of interest. Financial assets classified as receivable within one year are no¢ amonised.
NAYBA NOTES TO THE FINAIYCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accounting polieies (Continued) Basicfinancial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrdngement constitutes a financtng transaction. where the debt instrnment is measured at the prcscnt valuc ol thc fulurc paymcnis discounicd Ai a markci ratc of intcrcsl. Financial liabililics Classified as payable within one year are not amortised. Debt instrum¢nts are subsequently carried at arnortised cost. using the effective interest rate method. Trade creditors are obligations to pay for g(th or services that have been acquired in the ordinary course of operations froTn supplicrs. Amounts payable arc classified as currcnt liabilities if payment 15 due within one year or less. If not, they are presented as non-current liabililies. Trade creditors are recogniscd initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognifton offinanei41 liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.8 Employee benefits The cost ol any unused holiday enliilemeni is recognised in the period in which the employee's services are received. Terniination benefits are recognised immediately an expense when ihe charity is demonstrably committed io ienninale the employment olan employee or to provide nInation benefits. .9 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Donations and legacies Unrestricte Restricted Total Total funds funds 2021 2021 2021 2020 Donations and gifts 186,529 186.529 178,829 For the year ended 31 Mareh 2020 149.825 29,004 178,829
NAYBA NOTES TO THE FINAIYCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 R4ising funds Unrestricte Total funds 2021 2020 Fundraistn and ublici Other tundraising costs 5,821 1,100 5,821 Charitable activities Unrestricte Restricted d fund5 funds Total 2021 Total 2020 Staff costs Charitable expenditure 79.594 81,047 79,594 81.047 153,245 160,641 160,641 153,245 Share of governance costs (¢ not¢ ) 16,480 16.480 177.121 177,121 153,245 Analysis bv fund Unrestricted funds 177,121 177,121 For the year ended 31 March 2020 Unrestricted funds Restricted funds 124.241 124,241 29,004 29.IMM 124,241 29,004 153,245 Trustees None of the Trustees {or any persons connecled with them) received any remuneration or benefits from the charity during the year.
NAYBA NOTES TO THE FINAIYCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Employees Number of employees The average monthly number of employees during the year was: 2021 Number 2020 Number Emplo)ment eosts 2021 2020 Wages and salaries Social security costs Othcr pcnsion costs 69,193 4.753 5,648 79.594 The key management personnel of the charity comprise of the Trustees and the Chief Executive oificer. The iotal remunerniion of the Chief Executive oificer during the year was £69.193 (2020.. £0). Other Unrestricte Tolal funds 2021 2020 Other expenditure 8,980 8,980 Debtor5 2021 2020 Amounts f¥lling due within one !'e¥r: Other dcbiors Prepayrnents and accrued incotne 2,287 21.464 1,695 2,287 23,159 10-
NAYBA NOTES TO THE FINAIYCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Credilors: amounts falling due Thrythin one year 2021 2020 Other taxation and social security Trade creditors Accruals and deferred income 7,935 1,440 17,448 9.377 17.448 10 Related partv transactions There were no disclosable related party trdnsactions during the year (2020- none). 11