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|---|---|---|---|---|
|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||
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|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|
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|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)|
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|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|
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|||||||
|---|---|---|---|---|---|
|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||
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|||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|