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2022-04-30-accounts

Charity registration number: 1192578 Company registration number: 11960360

IAC UK

(A CHARITABLE COMPANY LIMITED BY GUARANTEE)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

IAC UK

CONTENTS

FOR THE YEAR ENDED 30 APRIL 2022

_______________

Pages
Legal and Administrative Information 2
Trustees’/Directors’ Report 3 - 7
Independent Examiner’s Report 8 - 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Financial Statements 13 - 21

1

IAC UK

LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 30 APRIL 2022

_______________

Trustees/Directors Dr Junaid Mohammad Azam
Abadul Haque
Imran Farooq
Mohammad Zaheer Yaqoob
Principal Address Kings Court
17 School Road
Birmingham
B28 8JG
Charity registration number: 1192578
Company registration number: 11960360
Independent Examiner Wahid Gazge FCA
Cliveden Avenue
Birmingham
B42 1SW
Bankers Barclays Bank Plc
Birmingham
B14 7LA

2

TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 30 APRIL 2022

IAC UK

_______________

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their report and independently examined financial statements for the year ended 30 April 2022.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Structure, governance and management

Governing document/Constitution

IAC UK (working names ‘International Aid Charity’ and ‘International Aid Charity UK’) is a charitable company and is also registered as a charity. The company was incorporated on 24 April 2019 (Company number 11960360) and established under a Memorandum of Association (as last updated on 23 November 2020), which established the objects and powers of the charitable company and is governed under its Articles of Association. The charity was registered with the Charity Commission on 30 November 2020, with Charity number 1192578.

Recruitment and training of Trustees/Directors

The Board of Trustees/Directors currently consists of four members who were recruited due to their commitment and expertise. Role descriptions, where applicable, are issued to each Trustee and a full induction is given setting out the obligations of a Trustee. The list of current Trustees/Directors can be found on page 2 of this document.

Trustees

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Organisational structure

The Charity is principally based in Birmingham (UK) but works with organisations across the United Kingdom and abroad. The Trustees/Directors are responsible for the governance of the Charity, and the day-to-day management is performed by a team of volunteers and consultants when required.

Volunteers

The charity is being run through the kind help of many committed volunteers making up the equivalent time of at least one full time employee. The Trustees/Directors would like to thank all the volunteers without whom the Charity would not be able to run.

3

TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 30 APRIL 2022

IAC UK

_______________

Related parties

There were no related party transactions in the year or the prior year.

Keys risks and uncertainties

The Trustees/Directors actively review the major risks which the Charity faces on a regular basis, in particular those relating to its operations and finances. They are satisfied that systems are in place to mitigate the charity’s exposure to the major risks. The risk management strategy comprises:

The strategy will be reviewed regularly by the Trustees/Directors.

Aims, objectives and activities

Aims, objectives and intended impacts

Objects:

(1) The prevention or relief of poverty, anywhere in the world, by:

(a) Providing grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty;

(b) Providing or assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be selfsufficient; and

(c) Developing the capacity and skills of the members of any socially and economically disadvantaged community, anywhere in the world, in such a way that they are better able to identify and help meet their needs and to participate more fully in society.

(2) To advance the Islamic religion for the public benefit, anywhere in the world, in accordance with the ‘ahl-us-sunnah wal-jamma’ah’ methodology as understood by mainstream Sufi traditions, mainly but not exclusively through the holding of prayer meetings, lectures, and producing and/or distributing literature on Islam, to enlighten others about the traditional orthodox Islamic religion.

4

IAC UK

TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 30 APRIL 2022

_______________

Public benefit statement

The section of this report above entitled ‘Aims, objectives and activities’ sets out the aims and priorities of the Charity. The Trustees/Directors have considered this matter, in conjunction with the guidance contained in the Charity Commission’s general guidance on public benefit, and have concluded:

Review of achievements and performance for the year

IAC UK was established in April 2019 as a charity to help the disadvantaged across the world, with an initial primary focus on working to help refugees from Syria living in Turkey and Jordan.

Food Aid

During the year to 30 April 2022, the primary focus was on providing food aid to refugees in Turkey through our Food Box distribution campaigns but the charity also provided food aid through our Qurbani campaign in Malawi, Pakistan and Kenya.

Zakat distribution

Zakat distribution is another key characteristic of our work and Zakat funds were used in the year to provide much needed relief for refugee families in Turkey to provide food, shelter and monetary grants to both refugee families and the families of scholars.

Emergency Aid - Afghanistan

After the collapse of the economy in Afghanistan post-Taliban takeover, the people became desperately in need of help and we worked through a local partner there to deliver emergency food aid packs for the most vulnerable, including the families of female teachers who were unable to work in their schools.

Covid-19 Impact

The ability for us to deliver projects was heavily impacted by monetary pressures on our donor base making fundraising more difficult and Covid restrictions in delivery countries, especially Turkey, making project delivery impossible on some projects that needed local authority clearance and was not received due to Covid restrictions.

5

TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 30 APRIL 2022

IAC UK

_______________

Review of achievements and performance for the year (cont.)

Delivery partners

IAC USA, IAC Turkey, Sustainable Aid Foundation (Malawi), Star of Hope Association (Kenya) and Helping Little Angels (Pakistan).

The charity would like to thank its many delivery partners in the UK and abroad for helping IAC UK to fulfil it’s projects through their networks.

Financial review

The principal source of funding for the Charity is from individual donors. Voluntary donations received in the period amounted to £302,291 (2021: £406,926). This increase is due to a greater emphasis on campaigning for new projects on social media and through volunteer networks. Charitable expenditure in the period came to £276,724 (2021: £305,488). Support costs are kept under tight control and monitored regularly.

Reserves Policy

The Charity holds unrestricted funds which have been provided to the charity via donations and charitable activities. Under the terms of the donations, the charity must retain the assets in perpetuity and can only use the income to support its charitable activities.

The unrestricted funds represent income earned but not yet utilised in supporting charitable activities. At 30 April 2022, the charity held unrestricted and undesignated reserves of £28,943 (2021: £38,883). Restricted funds at the end of the period came to £178,080 (2021: £142,573).

Going Concern

The Charity reported a cash inflow for the period of £24,567 (2021: Inflow of £86,821) and expects to make an inflow in the coming year. After making further appropriate enquiries and gaining assurances over income levels, the Trustees/Directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and at least 12 months from the date of the signing of these financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Future plans

The Charity intends to continue with the projects it has started and to grow them further, whilst looking into new avenues of work both by adding more projects and also by expanding our work into new countries in the forthcoming year.

Orphans & Education Funds - The charity raised funds in the prior year through fundraising campaigns to support Orphans and also Education and is in the process of starting to design projects with its partners to help deliver targeted and planned help in the near future.

6

IAC UK

TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 30 APRIL 2022

_______________

Statement of Trustees/Directors’ responsibilities

The Trustees/Directors are required to prepare financial statements for each financial year in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which give a true and fair view of the state of affairs of the Charity and the incoming resources and application of resources, including the net income and expenditure for the year. In preparing those financial statements, the Trustees/Directors are required to:

The Trustees/Directors are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and all other applicable law. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Accounts preparation

The Trustees/Directors confirm that the accounts comply with current statutory requirements, and with those of the governing instrument.

This report was approved by the Trustees/Directors on 21 July 2022 and signed on their behalf, by:

Abadul Haque Trustee

7

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 30 APRIL 2022

_______________

Independent Examiner’s Report to the Trustees/Directors of IAC UK

I report on the financial statements of the charity for the year ended 30 April 2022 are set out on pages 10 to 21.

This report is made solely to the charity’s Trustees/Directors, as a body, in accordance with section 145 and the regulations made under section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s Trustees/Directors those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees/Directors as a body, for my work, for this report, or for the opinions I have formed.

Respective Responsibilities of Trustees/Directors and Examiner

The Trustees/Directors are responsible for the preparation of the financial statements. The Trustees/Directors consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.

Having satisfied myself that the company is not subject to audit under charity or company law and is eligible for independent examination, it is my responsibility to:

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept 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 seeks explanations from the Trustees/Directors, concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.

8

IAC UK

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 30 APRIL 2022

_______________

Independent Examiner’s Statement

In the course of my examination, no matter has come to my attention:-

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Signed on 21 July 2022:

Wahid Gazge FCA

Cliveden Avenue Birmingham B42 1SW

9

IAC UK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2022

_______________

Unrestricted Restricted
Total		 Unrestricted Restricted Total
Funds Funds 2022 Funds Funds 2021
Note £ £ £ £ £ £
Income from:
Donations and legacies 2
19,733 282,558		 302,291 44,417 362,509 406,926
_ _ __ __ __ __
Total income 19,733 282,558 302,291 44,417 362,509 406,926
_ _ __ __ __ __
Expenditure on:
Charitable activities 3 39,252 237,472 276,724 32,638 272,850 305,488
_ _ __ __ __ __
Total expenditure 39,252 237,472 276,724 32,638 272,850 305,488
_ _ __ __ __ __
Net income/(expenditure)
before transfer (19,519) 45,086 25,567 11,779 89,659 101,438
Transfers between funds 9,579 (9,579) - 10,964 (10,964) -
_ _ __ __ __ __
Net movement in funds (9,940) 35,507 25,567 22,743 78,695 101,438
Reconciliation of funds
Total funds brought forward 38,883 142,573 181,456 16,140 63,878 80,018
_ _ __ __ __ __
Total funds carried forward 28,943 178,080 207,023 38,883 142,573 181,456
_ _ __ __ __ __

The notes on pages 13 to 21 form part of these financial statements.

10

IAC UK

BALANCE SHEET AS AT 31 MAY 2022

_______________

2022 2021
Note £ £ £ £
Current assets
Cash at bank and in-hand 12 207,023 182,456
__ __
207,023
182,456
Current liabilities
Creditors (due within 1 year) 7 - 1,000
__ __
- 1,000
Net current assets 207,023 181,456
__ __
Net assets 207,023 181,456
__ __
Funds
Unrestricted funds: General reserve 8,9 28,943 38,883
Restricted funds 8,9 178,080 142,573
__ __
207,023 181,456
__ __

The notes on pages 13 to 21 form part of these financial statements.

The financial statements were approved by the Trustees/Directors on 21 July 2022 & signed on their behalf, by:

Abadul Haque Trustee

11

IAC UK

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2022

_______________ _______________ _______________ _______________
Note 2022
2021
£ £
Cash flows from operating activities:
Net cash provided by operating activities 11 24,567 86,821
__ __
Cash flows from investing activities:
None - -
__ __
Net cash provided by investing activities - -
__ __
Increase / (decrease) in cash & cash equivalents
in the reporting period 24,567 86,821
__ __
Cash & cash equivalents at the beginning of
the reporting period 182,456 95,635
__ __
Cash & cash equivalents at the end of the
reporting period 12 207,023 182,456
__ __

The notes on pages 13 to 21 form part of these financial statements.

12

IAC UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

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1. Accounting policies

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The following principal accounting policies have been applied:

a) Incoming resources

Income includes the total funds received during the period and comprises donations collected directly or by volunteers and income from fundraising events. Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty.

Income tax reclaimable under the Gift Aid Scheme is recognised on an accruals basis once income is considered probable.

Donors are given the option to restrict their donation when it is made. Any Gift Aid claimed on restricted donations is classed as unrestricted income.

b) Resources expended and basis of allocation

Expenditure is included when incurred and has been shown in the Statement of Financial Activities inclusive of non-recoverable Value Added Tax.

Expenditure on operational programmes is recognised in the period in which it is incurred.

Currently all costs are directly attributable to specific activities, but where required, certain shared costs will be apportioned to general funds and activities in furtherance of the objects of the Charity.

c ) Funds accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees/Directors in furtherance of the general objectives of the company and which have not been designated for other purposes.

13

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

IAC UK

_______________

c ) Funds accounting (cont.)

Designated funds are unrestricted funds earmarked by the Trustees/Directors for particular purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund.

d) Tangible Fixed assets

Tangible fixed assets are depreciated per the following rates:

Furniture & Equipment - 20% annually on a straight line basis

Tangible assets bought for less than £1,000 are not capitalised.

e) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount. Prepayments are valued at the amount paid in advance net of any trade discounts.

f) Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

g) Financial instruments

The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

h) Judgements in applying accounting policies and key sources of estimation uncertainty

In preparing the Financial Statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

The directors consider that there are no significant areas of key judgement or estimation uncertainty.

14

IAC UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

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2. Donations and legacies

Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
£ £ £ £
Voluntary donations 10,453 282,558 293,011 406,926
Legacies 9,000 - 9,000
-
Book donations 280 - 280
-
___ ___ ___ ___
19,733 282,558 302,291 406,926
___ ___ ___ ___
2(A). Analysis of voluntary donations income
By activity Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
£ £ £ £
Zakat distribution - 8,564 8,564 59,684
Food Aid (incl. Qurbani) - 241,979 241,979 218,706
Orphans Fund - 13,431 13,431 51,961
Emergency Aid - 15,245 15,245 15,012
Scholars Fund - - - 12,500
Education Fund - 654 654 1,337
Donated card fees - 2,685 2,685 3,309
Not specified by activity 19,733 - 19,733 44,417
___ ___ ___ ___
19,733 282,558 302,291 406,926
___ ___ ___ ___

15

IAC UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

_______________

2(A). Analysis of voluntary donations income (cont.)

By country Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
£ £ £ £
Turkey - 217,935 217,935 266,160
Jordan - - - 1,337
Malawi - 5,500 5,500 12,000
Kenya - 4,500 4,500 4,000
Pakistan - 8,000 8,000 -
Afghanistan - 15,245 15,245 -
Lebanon - - - 15,012
UK - 4,707 4,707 2,407
Unspecified location 19,733 26,671 46,404 106,010
___ ___ ___ ___
19,733 282,558 302,291 406,926
___ ___ ___ ___
3. Charitable expenditure
Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
£ £ £ £
Grants distributed - 234,787 234,787 269,541
Support costs 39,252 2,685 41,937 35,947
___ ___ ___ ___
39,252 237,472 276,724 305,488
___ ___ ___ ___

16

IAC UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

_______________

3(A). Analysis of grants distributed

By activity Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
£ £ £ £
Food Aid (incl. Qurbani) - 215,557 215,557 174,779
Zakat distribution - - - 67,210
Emergency Aid - 19,230 19,230 15,052
One-off projects - - - 12,500
___ ___ ___ ___
- 234,787 234,787 269,541
___ ___ ___ ___
By country Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
£ £ £ £
Turkey - 197,557 197,557 232,489
Jordan - - - 2,000
Malawi - 5,500 5,500 12,000
Kenya - 4,500 4,500 4,000
Pakistan - 8,000 8,000 -
Afghanistan - 19,230 19,230 -
Lebanon - - - 15,052
UK - - - 4,000
___ ___ ___ ___
- 234,787 234,787 269,541
___ ___ ___ ___
3(B). Support costs
Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
£ £ £ £
Consultancy costs 33,900 - 33,900 28,500
Office costs 1,310 - 1,310 1,478
Governance costs (incl. accounting
and card processing fees) 4,042 2,685 6,727 5,969
___ ___ ___ ___
39,252 2,685 41,937 35,947
___ ___ ___ ___

17

IAC UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

_______________

4. Net incoming resources for the year
2022 2021
£ £
This is stated after charging:-
Independent examiner’s fee
 1,000 1,000
___ __

5. Staff & Trustees/Directors costs

There were no employees in the period (2021: None).

During the period £NIL of expenses were incurred for the reimbursement of Trustees’/Directors’ expenses (2021: £Nil). The Trustees/Directors received no other remuneration for this period or the prior period.

6. Volunteers

The charity is being run through the kind help of many committed volunteers and some consultants who occasionally give their time at heavily discounted rates. The Trustees/Directors would like to thank all the volunteers without whom the Charity would not be able to run. A note must be made of the hard work of those volunteers who help with fundraising and also those who have been personally involved in carrying out distribution of aid. They spent their own time overseas, paying for their own travel and accommodation and all associated costs, in ensuring that the aid reached places where it was needed. The charity is indebted to the service they have provided.

7. Creditors (due within one year)

7. Creditors (due within one year)
2022 2021
£ £
Accruals - 1,000
___ ___
- 1,000
___ ___

18

IAC UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

_______________

8. Statement of funds

Brought Incoming Resources Fund Carried
forward resources expended transfers forward
£ £ £ £ £
2021-22: Current year
(a) Restricted funds
Zakat – General* 27,570 3,857 - (19,556) 11,871
Zakat – UK
 3,736 4,707 - - 8,443
Food Aid (incl. Qurbani) 48,740 241,979 (215,557) 5,992 81,154
Orphans Fund 51,961 13,431 - - 65,392
Education Fund 1,337 654 - - 1,991
Emergency Aid - 15,245 (19,230) 3,985 -
Fields of Belonging (UK) 9,229 - - - 9,229
Donated card fees - 2,685 (2,685) - -
__ __ ___ ___ ___
Total restricted funds 142,573 282,558 (237,472) (9,579) 178,080
__ __ ___ ___ ___

* Any Zakat funds which were donated specifically for an activity are included in the activity specific figures

2020-21: Prior year

(a) Restricted funds
Zakat – General* 52,313 58,284 (67,210) (15,817) 27,570
Zakat – UK
 2,336 1,400 - - 3,736
Food Aid (incl. Qurbani) - 218,706 (174,779) 4,813 48,740
Orphans Fund - 51,961 - - 51,961
Education Fund - 1,337 - - 1,337
Emergency Aid - 15,012 (15,052) 40 -
Scholars Fund - 12,500 (12,500) - -
Fields of Belonging (UK) 9,229 - - - 9,229
Donated card fees - 3,309 (3,309) - -
__ __ ___ ___ ___
Total restricted funds 63,878 362,509 (272,850) (10,964) 142,573
__ __ ___ ___ ___

* Any Zakat funds which were donated specifically for an activity are included in the activity specific figures

19

IAC UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

_______________

8. Statement of funds (cont.)

2021-22: Current year

(b) Unrestricted funds
General reserve
38,883
19,733
(39,252)
_ _ ___
Total funds
38,883
19,733
(39,252)
_______
2020-21: Prior year
(b) Unrestricted funds
General reserve
16,140
44,417
(32,638)
_ _ _
Total funds
16,140
44,417 (32,638)
_ _____ ___
9. Analysis of net assets between funds
(a) Current year
Unrestricted
funds
£
Fund balances at 30 April 2022 are represented by:
Net current assets
28,943
__
Total funds
28,943
__		 9,579
___
9,579
___
10,964
_
10,964
_
Restricted
funds
£
178,080
__
178,080
__		 28,943
___
28,943
___
38,883
_
38,883
_
Total
funds
£
207,023
___
207,023
___

20

IAC UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

_______________

9. Analysis of net assets between funds (cont.)

(b) Prior year
 Unrestricted Restricted Total
funds funds funds
£ £ £
Fund balances at 30 April 2021 are represented by:
Net current assets
 38,883 142,573 181,456
__ __ ___
Total funds
 38,883 142,573 181,456
__ __ ___
10. Related parties
There were no related party transactions in the period.
11. Reconciliation of cash flows from operating activities
2022 2021
£ £

Net income / (expenditure) for the reporting period
25,567 101,438
Increase / (decrease) in creditors (1,000) (14,617)
___ ___
Net cash provided by operating activities 24,567 86,821
___ ___
12. Analysis of cash and cash equivalents
2022 2021
£ £
Cash at bank and in hand 207,023 182,456
___ ___
Total of cash and cash equivalents 207,023 182,456
___ ___

21