| CONTENTS | Page | ||
|---|---|---|---|
| 1. Information | |||
| 2. Trustees' | Report | 3-8 | |
| 3. Independent Auditor's |
Report | 9- 12 | |
| 4. Statement | of Financial | Activities | |
| 5. Statement | of Financial | Position | 14 |
| 6. Statement | of Cashflows | 15 | |
| 7. Notes to | the Financial | Statements | 16-19 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | 2020 | ||
| INCOME AND EXPENDITURE | Notes | F | E | ||
| INCOMING RESOURCES |
|||||
| Donations and legacies |
2 | 415,397 | 990,302 | 1,405,699 | 971,907 |
| Grants | 3 | 15,000 | 15,000 | ||
| Total Income | 415397 | 1 005 302 | 1 420 699 | 971 907 | |
| RESOURCES EXPENDED | |||||
| Fundraising costs |
4 | 101,258 | - | 101,258 | 14,828 |
| Charitable Activities Costs |
5 | 11,336 | 695,910 | 707,246 | 204,609 |
| Administrative Costs |
6 | 81,000 | - | 81,000 | 23,887 |
| Total Resources Expended | 193594 | 695910 | 889504 | 243 324 | |
| Net Surplus for the year | 221,803 | 309,392 | 531,195 | 728,583 | |
| Funds as at 1 June 2020 | 314,313 | 414,270 | 728,583 | ||
| Fund Movement | |||||
| Funds as at 31 May 2021 | 10 | 536116 | 723 662 | 1 259 778 | 728 583 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Notes | F | F | ||||
| Fixed Assets: | ||||||
| Tangible Assets | 7,280 | |||||
| Current Assets: | ||||||
| Debtors and prepayments | ||||||
| Cash at Bank and | in hand | 1,257,498 | 728,583 | |||
| 1,257,498 | 728,583 | |||||
| Current Liabilities: |
||||||
| Amount falling due |
within one year | 5,000 | ||||
| Net Current Assets | 1,252,498 | 728,583 | ||||
| Total Net Assets | 1,259,778 | 728,583 | ||||
| Funds | ||||||
| Unrestricted funds: |
General | 10 | 536,116 | 314,313 | ||
| Restricted fund |
9 | 723,662 | 414,270 | |||
| Total Funds | 1,259,778 | 728,583 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| E | ||||||||
| Cash Outflow from |
Operating | Activities | ||||||
| Operating Profit |
531,195 | 728,583 | ||||||
| Depreciation | 1,820 | |||||||
| (Gain)/Loss on fixed |
asset disposal | |||||||
| Operating Profit Before Working |
Capital Chgs | 533,015 | 728,583 | |||||
| (Increase)/Decrease | in Debtors | |||||||
| Increase/(Decrease) | in Creditors | 5,000 | ||||||
| Cash from Operations | 538,015 | 728,583 | ||||||
| Net Cash Generated | from Operations | 538,015 | 728,583 | |||||
| Cash Outflow from |
Investment | Activities | ||||||
| Purchase ofTangible |
Fixed Assets | (9,100) | ||||||
| Fixed assets disposal | ||||||||
| Net Cash | inflow/outflow | from Investment | Activities | (9,100) | ||||
| Cash Outflow from |
Financing | Activities | ||||||
| Increase/(Decrease) | ofLoans | |||||||
| Net Increase/(decrease) in Cash |
and Cash Equivalents | 528,915 | 728,583 | |||||
| Opening Cash and Cash Equivalents |
728,583 | |||||||
| Closing Cash and Cash Equivalents | 1,257,498 | 728,583 | ||||||
| Reconciliation: | ||||||||
| Cash at bank and in | hand | 1,257,498 | 728,583 | |||||
| 1,257,498 | 728,583 |
| Charitable Activities |
Charitable Activities |
Income | Unrestricted f |
Restricted | 2021f | 2020 | |
|---|---|---|---|---|---|---|---|
| General donations | 415,397 | 415,397 | 397,046 | ||||
| Project related donations | 990,302 | 990,302 | 574,861 | ||||
| 415397 | 990302 | 1 405699 | 971 907 | ||||
| Grant income | |||||||
| East End Community | Fund | 5,000 | 5,000 | ||||
| London Community |
Foundation | 10,000 | 10,000 | ||||
| 15,000 | 15,000 | ||||||
| Ex enses Summa | |||||||
| Fundraising Cost |
Unrestricted f |
Restricted f |
2021f | 2020f | |||
| Costs of generating | donations | and legacies | 60,233 | 60,233 | 14,828 | ||
| Comission charges |
pertaining | to collections | 41,025 | 41,025 | |||
| 101,258 | 101,258 | 14,828 | |||||
| Charitable Activities |
Cost | Unrestricted f |
Restricted f |
2021f | 2020 | ||
| Storage and transport | 10,008 | 10,008 | |||||
| Direct project implementation | 685,902 | 685,902 | 204,609 | ||||
| Travel | 11,336 | 11,336 | |||||
| 11,336 | 695,910 | 707,246 | 204,609 | ||||
| Administrative Cost |
Unrestricted | Restricted | 2021 | 2020 | |||
| a) Support Costs | |||||||
| Rent, rates and insurance | 24,872 | 24,872 | 23,887 | ||||
| Subscriptions | 1,604 | 1,604 | |||||
| Printing, postage and |
stationery | 2,740 | 2,740 | ||||
| Telephone 8 internet |
charges | 3,794 | 3,794 | ||||
| Depreciation | 1,820 | 1,820 | |||||
| Bank charges | 971 | 971 | |||||
| Repairs and maintenance | 7,943 | 7943 | |||||
| 43,744 | 43,744 | 23,887 | |||||
| b) Governance Costs |
|||||||
| Legal and consultancy | fees | 27,256 | 27,256 | 67,905 | |||
| Management expenses |
5,000 | 5,000 | |||||
| Audit 8 Accountancy | Fees | 5,000 | 5000 | ||||
| 37,256 | 37,256 | 67,905 | |||||
| 81,000 | 81,000 | 91,792 | |||||
| Total Expenses | 193594 | 695910 | 889504 | 311,228 |
| Office | |
|---|---|
| Equipment | |
| F | |
| Cost: | |
| At 1stJune 2020 | |
| Addition | 9,100 |
| Disposal | |
| 9,100 | |
| Depreciation: | |
| At 1stJune 2020 | |
| Disposal elimination |
|
| Charge for the year | 1,820 |
| 1,820 | |
| Net Book Value | |
| At 31st May 2021 | 7,280 |
| At June 2020 |
| Creditors: | Amount | FaIling Due c One Year | 2021 | 2020 | |||
|---|---|---|---|---|---|---|---|
| E | |||||||
| Accruals | 5,000 | ||||||
| 5000 | |||||||
| Restricted | funds movement: | Opening | Restricted | Restricted | Closing | ||
| Balance | Income | Expenses | Adjustment | Balance | |||
| E | E | ||||||
| Borehole | 25,257 | 194,770 | 86,000 | 134,027 | |||
| Education | 377,492 | 678,037 | 543,715 | 511,814 | |||
| Food | (2,201) | 66,390 | 2,337 | 61,852 | |||
| Zakaat | 13,722 | 66,105 | 63,858 | 15,969 | |||
| Total | 414,270 | 1,005,302 | 695,910 | 723,662 |
| Movement in |
Funds | Unrestricted | Restricted | |
|---|---|---|---|---|
| Funds | Funds | Total | ||
| F | ||||
| As at 1 June | 2020 | 314,313 | 414,270 | 728,583 |
| Current year | 221,803 | 309,392 | 531,195 | |
| As at 31 May | 2021 | 536,116 | 723,662 | 1,259,778 |