| Page | ||||
|---|---|---|---|---|
| Strategic Report | ||||
| Report ofthe Trustees | 2-5 | |||
| Report ofthe Independent Auditor |
6-7 | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Cash Flow Statement | 10 | |||
| Notes to the Cash Flow Statement | ||||
| Notes to the Financial | Statements | 12 | to | 18 |
| Detailed Statement ofFinancial Activities | 19-20 |
| Statement ofFinancial for the Year Ended 30 |
Activities June 2022 |
|||||
|---|---|---|---|---|---|---|
| 30.6.22 | 30.6.21 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
2 | 1,216 | 1,216 | 20,609 | ||
| Other trading activities | 3 | 6,761,701 | 6,761,701 | 6,045,539 | ||
| Investment income |
4 | 22,040 | 22,040 | 22,039 | ||
| Other income | 34,790 | 34,790 | 2,205 | |||
| Total | 6,819,747 | 6,819,747 | 6,090,392 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 5 | 5,204,518 | 5,204,518 | 4,453,384 | ||
| Charitable activities |
||||||
| Charitable activities |
1,109,450 | 1,109,450 | 1,405,955 | |||
| Total | 6,313,968 | 6,313,968 | 5,859,339 | |||
| NET INCOME | 505,779 | 505,779 | 231,053 | |||
| Transfer between funds |
||||||
| 505,779 | 505,779 | 231,053 | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward | 7,625,125 | 680,602 | 8,305,727 | 8,074,674 | ||
| TOTAL FUNDS CARRIED FORWARD | 8,130,904 | 680,602 | 8,811,506 | 8,305,727 |
| Balance Sheet | |||
|---|---|---|---|
| 30June 2022 | |||
| 30.6.22 | 30.6.21 | ||
| Total | Total | ||
| funds | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 10 | 6,604,270 | 6,881,480 |
| CURRENT ASSETS | |||
| Stocks | 11 | 1,542,252 | 1,321,458 |
| Debtors | 12 | 2,424,184 | 1,931,053 |
| Cash at bank and in hand | 355,077 | 322,047 | |
| 4,321,513 | 3,574,558 | ||
| CREDITORS | |||
| Amounts falling due within one year |
13 | (805,523) | (763,268) |
| NET CURRENT ASSETS | 3,515,990 | 2,811,290 | |
| TOTAL ASSETSLESSCURRENT LIABILITIES | 10,120,260 | 9,692,770 | |
| CREDITORS | |||
| Amounts falling due after more than one year |
14 | (1,308,754) | (1,387,043) |
| NET ASSETS | 8,811,506 | 8,305,727 | |
| FUNDS | 16 | ||
| Unrestricted funds |
8,130,904 | 7,532,892 | |
| Restricted funds | 680,602 | 772,835 | |
| TOTAL FUNDS | 8,811,506 | 8,305,727 |
| Cash Flow Statement | ||||||
|---|---|---|---|---|---|---|
| for the Year Ended 30June | 2022 | |||||
| 30.6.22 | 30.6.21 | |||||
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated &om operations |
562,710 | 759,082 | ||||
| Interest paid | (39,250) | (28,651) | ||||
| Net cash provided by operating activities |
523,460 | 730,431 | ||||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed | assets | (412,181) | (659,863) | |||
| OverdraA reduced |
2,821 | |||||
| Loan repayment | (78,289) | (78,763) | ||||
| Interest received | 40 | 39 | ||||
| Net cash used in investing | activities | (487,609) | (778,687) | |||
| Change in cash and cash |
equivalents | in | ||||
| the reporting period |
35,851 | (8,156) | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 315,807 | 323,963 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
351,658 | 315,807 |
| RECONCILIATIO ACTIVITIES |
OFNE | T INCOME TO | NET CASH FLOW FROM O | PERATING | ||
|---|---|---|---|---|---|---|
| 30.6.22 | 30.6.21 | |||||
| Net income for the | reporting | period (as per the Statement ofFinancial | 505,779 | 231,053 | ||
| Activities) | ||||||
| Adjustments for: |
||||||
| Depreciation charges |
689,310 | 755,775 | ||||
| Loss on disposal offixed assets | 81 | 84 | ||||
| Interest received | (40) | (39) | ||||
| Interest paid | 39,250 | 28,651 | ||||
| Increase in stocks | (220,794) | (88,072) | ||||
| Increase in debtors | (493,131) | 476,024 | ||||
| Increase/(decrease) | in creditors | 42,255 | (644,393) | |||
| Net cash provided | by operations | 662,710 | 759,082 | |||
| ANALYSIS OF CASH AND | CASH EQUIVALENTS | |||||
| 30.6.22 | 30.6.21 | |||||
| f. | K | |||||
| Cash in hand | 16,719 | 25,434 | ||||
| Notice deposits (less | than 3 months) | 338,358 | 296,613 | |||
| Overdrafts included |
in bank loans and overdrafts | falling due within one year | (3,419) | (6,240) | ||
| Total cash and cash | equivalents | 351,658 | 315,807 | |||
| ANALYSIS OF CHANGES IN NET DEBT |
| ANALYSIS OF CHA | N | GES IN NET DEBT | |||
|---|---|---|---|---|---|
| At 1.7.21 | Cash flow | At30.6.22 | |||
| Net cash | |||||
| Cash at bank and in hand | 322,047 | 33,030 | 355,077 | ||
| Bank overdraft | (6,240) | 2,821 | (3,419) | ||
| 315,807 | 35,851 | 351,658 | |||
| Debt | |||||
| Debts falling due within | 1 year | (103,730) | (1,308,754) | (1,412,484) | |
| Debts falling due after | 1 | year | (1,387,043) | 1,387,043 | |
| (1,490,773) | 78,289 | (1,412,484) | |||
| Total | (1,~174,966 | 114,140 | (1,060,826) |
| Freehold | property | Straight line over | fifly years |
|---|---|---|---|
| Long leasehold | Straight line over | fifty years | |
| Plant and | machinery | 20%on reducing | balance |
| Fixtures | and fittings | 20%on reducing | balance |
| Motor vehicles | 33%on reducing | balance | |
| Computer | equipment | 25%on reducing | balance |
| 3. | OTHER TRADING ACTIVITIES | ||||
| 30.6.22 | 30.6.21 | ||||
| Media and publication | income | 6,761,701 | 6,045,539 | ||
| 4. | INVESTMENT INCOME | ||||
| 30.6.22 | 30.6.21 | ||||
| Rents received | 22,000 | 22,000 | |||
| Deposit account interest | 40 | 39 | |||
| 22,040 | 22,039 | ||||
| 5. | RAISING FUNDS | ||||
| Raising donations | and | legacies | |||
| 30.6.22 | 30.6.21 | ||||
| Telephone | 28,043 | 19,071 | |||
| Postage and stationery | 28,381 | 31,542 | |||
| Sundries | 24,576 | 4,542 | |||
| Opening stock |
1,369,066 | 1,298,694 | |||
| Purchases | 28,323 | 1,049 | |||
| Direct costs | 4,342,850 | 3,615,249 | |||
| Closing stock | (1,587,374) | (1,369,066) | |||
| Repairs and maintenance | 30,171 | 75,148 | |||
| Motor expenses | 7,291 | 3,716 | |||
| Travelling expenses |
29,964 | 31,865 | |||
| Computer costs |
596,028 | 589,024 | |||
| Refreshments (Ziafat) |
10,256 | 6,633 | |||
| Equipment | 109,261 | 106,183 | |||
| Equipment hire |
187,601 | 39,498 | |||
| Loss on sale ofassets | 81 | 84 | |||
| 5,284,518 | 4,453,232 | ||||
| Other trading activities | |||||
| 30.6.22 | 30.6.21 | ||||
| Bad debts | 152 | ||||
| Aggregate amounts |
5,204,518 | 4,453,384 |
| 30.6.22 | 30.6.21 | |
|---|---|---|
| Depreciation - owned assets | 689,310 | 755,775 |
| Deficit on disposal offixed assets | 81 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| fund | fund | funds | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
20,609 | 20,609 | ||
| Other trading activities |
6,045,539 | 6,045,539 | ||
| Investment income |
22,039 | 22,039 | ||
| Other income | 2,205 | 2,205 | ||
| Total | 6,090,392 | 6,090,392 | ||
| EXPENDITURE ON | ||||
| Raising funds | 4,453,384 | 4,453,384 | ||
| Charitable activities |
||||
| Charitable activities |
1,405,955 | 1,405,955 | ||
| Total | 5,859,339 | 5,859,339 | ||
| NET INCOME | 231,053 | 231,053 | ||
| Transfer between funds |
92 233 | ~92233 | ||
| 323,286 | (92,233) | 231,053 | ||
| RECONCILIATION | OF FUNDS | |||
| Total funds brought | forward | 7,301,839 | 772,835 | 8,074,674 |
| TOTAL FUNDS CARRIED FORWARD | 7,625,125 | 680,602 | 8,305,727 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Freehold | Long | Plant and | ||
| property | leasehold | machinery | ||
| COST | ||||
| At 1 July 2021 | 4,364,617 | 1,132,685 | 1,340,182 | |
| Additions | 1,229 | 37,374 | ||
| Disposals | (8,750) | |||
| At 30June 2022 | 4,364,617 | 1,133,914 | 1,368,806 | |
| DEPRECIATION | ||||
| At 1 July 2021 | 580,238 | 123,620 | 1,311,188 | |
| Charge for year | 68,073 | 22,678 | 13,274 | |
| Eliminated on disposal |
~8,669) | |||
| At 30June 2022 | 648,311 | 146,298 | 1,315,793 | |
| NET BOOK VALUE | ||||
| At 30 June 2022 | 3,716,306 | 987,616 | 53,014 | |
| At 30June 2021 | 3,784,379 | 1,009,065 | 28,994 | |
| Fixtures | ||||
| and | Motor | Computer | ||
| fittings | vehicles | equipment | Totals | |
| COST | ||||
| At 1 July 2021 | 1,283,866 | 79,509 | 6,867,370 | 15,068,229 |
| Additions | 110,143 | 263,435 | 412,181 | |
| Disposals | ~8,750) | |||
| At 30June 2022 | 1,394,009 | 79,509 | 7,130,805 | 15,471,660 |
| DEPRECIATION | ||||
| At 1 July 2021 | 914,930 | 65,958 | 5,190,815 | 8,186,749 |
| Charge for year | 95,816 | 4,472 | 484,997 | 689,310 |
| Eliminated on disposal |
~8,669) | |||
| At 30 June 2022 | 1,010,746 | 70,430 | 5,675,812 | 8,867,390 |
| NET BOOKVALUE | ||||
| At 30June 2022 | 383,263 | 9,079 | 1,454,992 | 6,604,270 |
| At 30June 2021 | 368,936 | 13,551 | 1,676,555 | 6,881,480 |
| 11. | STOCKS | ||
|---|---|---|---|
| 30.6.22 | 30.6.21 | ||
| Finished goods |
1,542,252 | 1,321,458 | |
| 12. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 30.6.22 | 30.6.21 | ||
| Trade debtors | 1,517,573 | 862,373 | |
| Other debtors | 386,560 | 409,607 | |
| VAT | 99,402 | 132,217 | |
| Prepayments and accrued income |
420,649 | 526,856 | |
| 2,424, 184 | 1,931,053 | ||
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 30.6.22 | 30.6.21 | ||
| Bank loans (see note 15) | 107,149 | 109,970 | |
| Trade creditors | 565,990 | 565,869 | |
| Other creditors | 16,723 | 20,104 | |
| Accrued expenses | 115,661 | 67,325 | |
| 805,523 | 763,268 | ||
| 14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
| 30.6.22 | 30.6.21 | ||
| Bank loans (see note 15) | 1,30&,754 | 1,387,043 | |
| 15. | LOANS | ||
| An analysis ofthe maturity ofloans is given below: | |||
| 30.6.22 | 30.6.21 | ||
| Amounts falling due within one year on demand: |
|||
| Bank overdraft | 3,419 | 6,240 | |
| Bank loans | 103,730 | 103,730 | |
| 107,149 | 109,970 | ||
| Amounts falling between one and two years: |
|||
| Bank loans - 1-2years | 103,730 | 103,730 | |
| Amounts falling due between two and five years: |
|||
| Bank loans - 2-5 years | 311,190 | 311,189 | |
| Amounts falling due in more than five years: Bank loan &Syrs |
893,834 | 972,123 |
| MOVEMEN | T IN FUNDS | |||||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1.7.21 | in funds | 30.6.22 | ||||
| Unrestricted | funds | |||||
| General fund |
7,625,125 | 505,779 | 8,130,904 | |||
| Restricted funds |
||||||
| Restricted fund | 680,602 | 680,602 | ||||
| TOTAL FUNDS | 8,305,727 | 505,779 | 8,811,506 | |||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| Unrestricted | funds | |||||
| General fund |
6,819,747 | (6,313,968) | 505,779 | |||
| TOTAL FUNDS | 6,819,747 | (6,313,968) | 586,779 | |||
| Comparatives | for movement | in | funds | |||
| Net | ||||||
| movement | At | |||||
| At 1.7.20 | in funds | 30.6.21 | ||||
| Unrestricted | funds | |||||
| General fund | 7,301,839 | 323,286 | 7,625,125 | |||
| Restricted funds | ||||||
| Restricted fund |
772,835 | (92,233) | 680,602 | |||
| TOTAL FUNDS | 8,674,674 | 231,053 | 8,305,727 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General | fund | 6,090,392 | (5,859,339) | 231,053 | |
| TOTAL | FUNDS | 6,090,392 | (5,859,339) | 231,053 |
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.7.20 | in funds | 30,6.22 | |
| Unrestricted funds |
|||
| General fund |
7,301,839 | 829,065 | 8,130,904 |
| Restricted funds | |||
| Restricted fund |
772,835 | (92,233) | 680,602 |
| TOTAL FUNDS | 8,074,674 | 736,832 | 8,811,506 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 12,910,139 | (12,173,307) | 736,832 | |
| TOTAL FUNDS | 12,910,139 | (12,173,307) | 736,832 |
| Detailed Statement | ofFinancial Activities | ofFinancial Activities | ||
|---|---|---|---|---|
| for the Year Ended | 30 June 2022 | |||
| 30.6.22 | 30.6.21 | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Donations | 1,216 | 20,609 | ||
| 1,216 | 20,609 | |||
| Other trading activities | ||||
| Media and publication | income | 6,761,701 | 6,045,539 | |
| Investment income |
||||
| Rents received | 22,000 | 22,000 | ||
| Deposit account interest | 40 | 39 | ||
| 22,040 | 22,039 | |||
| Other income | ||||
| Other income | 34,790 | 2,205 | ||
| Total incoming resources |
6,819,747 | 6,090,392 | ||
| EXPENDITURE | ||||
| Raising donations | and | legacies | ||
| Telephone | 28,043 | 19,071 | ||
| Postage and stationery | 28,381 | 31,542 | ||
| Sundries | 24,576 | 4,542 | ||
| Opening stock | 1,369,066 | 1,298694 | ||
| Purchases | 28,323 | 1,049 | ||
| Direct costs | 4,342,850 | 3,615,249 | ||
| Closing stock | (1,587,374) | (1,369,066) | ||
| Repairs and maintenance | 30,171 | 75,148 | ||
| Motor expenses | 7,291 | 3,716 | ||
| Travelling expenses |
29,964 | 31,865 | ||
| Computer costs |
596,028 | 589,024 | ||
| Refreshments (Ziafat) |
10,256 | 6,633 | ||
| Equipments | 109,261 | 106,183 | ||
| Equipment hire |
]87,601 | 39,498 | ||
| Loss on sale oftangible | fixed assets | 81 | 84 | |
| 5,204,518 | 4,453,232 | |||
| Other trading activities |
||||
| Bad debts | 152 | |||
| Charitable activities |
||||
| Rates and water | 71,072 | 97,956 | ||
| Insurance | 69,487 | 66,561 | ||
| Light and heat | 114,916 | 125,280 | ||
| Telephone | 21,931 | 54,639 | ||
| Postage and stationery | 3,640 | 74,308 | ||
| Sundries | 7,361 | 68,630 | ||
| Repairs &maintenance | 62,125 | 55,371 | ||
| Motor vehicle expenses | 1,468 | 7,020 |
| Detailed Statement ofFinancial Activities | ||
|---|---|---|
| for the Year Ended 30June 2022 | ||
| Professional fees |
2,482 | 49,335 |
| Auditor's remuneration |
11,980 | 11,050 |
| Refreshments (Ziafat) |
10,193 | 6,669 |
| Exchange (gains) / losses | 4,235 | 4,710 |
| Depreciation oftangible fixed assets | 689,310 | 755,775 |
| Bank interest | 4,537 | 3,684 |
| Mortgage interest |
34,713 | 24,967 |
| 1,109,450 | 1,405,955 | |
| Total resources expended | 6,313,968 | 5,&59,339 |
| Net income | 505,779 | 231,053 |