| CONTENTS | PAGE | ||
|---|---|---|---|
| Members ofthe board |
and professional | advisers | |
| Trustees annual report |
2-5 | ||
| Independent auditor's |
report to the trustees | 6-8 | |
| Statement offinancial |
activities | ||
| Balance sheet | 10 | ||
| Statement ofcash flows |
|||
| Notes to the financial statements | 12-16 |
| Registered | charity name | The British Friends of Bar | lian University |
|---|---|---|---|
| Charity number | 314139 | ||
| Address | 28 Portland Place |
||
| London | |||
| W1B 1LY | |||
| Trustees | Mr RTager QC PhD (Hon.) (Chairman) | ||
| Mr D Gradel PhD (Hon.) | |||
| Associate | The Rt. Hon. Sir Bernard | Rix (Hon. Vice-President) | |
| Auditor | JPL | ||
| Chartered Accountants |
|||
| 8 Statutory Auditor |
|||
| 110Chandos Avenue |
|||
| Whetstone | |||
| London | |||
| N20 9DZ | |||
| Members | ofthe Committee | Mr Doron Cohen | |
| Mr RTager QC PhD (Hon.) | |||
| Mr D Gradel PhD (Hon.) | |||
| Mr Shlorno Rechtschaffen | LLM MBA | ||
| Cllr Eva Greenspan | |||
| Bankers | Barclays Bank | ||
| 1 Churchill Place |
|||
| London | |||
| E145HP |
| Y | EAR | ENDED 30SEP | TEMBER 20 | 20 | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||||
| Funds | Funds | 2020 | 2019 | ||||
| Note | |||||||
| INCOMING RESOURCES | |||||||
| Incoming resources | from | ||||||
| generating funds: |
|||||||
| Voluntary income |
2 | 535,014 | 48,445 | 583,459 | ],045,965 | ||
| TOTAL INCOMING | |||||||
| RESOURCES | 535,014 | 48,445 | 583,459 | 1,045,965 | |||
| RESOURCES EXPENDED | |||||||
| Costs ofgenerating | funds: | ||||||
| Costs ofgenerating | |||||||
| voluntary income |
3 | (4,401) | (4,401) | (1,395) | |||
| Charitable activities |
4/5 | (484,666) | (484,666) | (649,659) | |||
| Governance costs |
6 | (190,553) | (190,553) | (205,956) | |||
| TOTAL RESOURCES | |||||||
| EXPENDED | (489,067) | (190,553) | (679,620) | (857,010) | |||
| NET | |||||||
| INCOMING/(OUTGOING) | |||||||
| RESOURCES FOR | THE | ||||||
| YEAR | 45,947 | (142,108) | (96,161) | 188,955 | |||
| RECONCILIATION | OF | ||||||
| FUNDS | |||||||
| Total funds brought | forward | 93,503 | 142,108 | 235,611 | 46,656 | ||
| TOTAL FUNDS CARRIED | |||||||
| FORWARD | 139,450 | 139,450 | 235,611 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Note | |||||
| FIXEDASSETS | |||||
| Tangible assets | 2,321 | 3,094 | |||
| CURRENT ASSETS | |||||
| Debtors | 11,591 | 9,540 | |||
| Cash at bank | 139,922 | 233,249 | |||
| 151,513 | 242,7S9 | ||||
| CREDITORS: Amounts | falling due within one | ||||
| year | 10 | (14PS4) | (10,272) | ||
| NET CURRENT ASSETS | 137,129 | 232,517 | |||
| TOTAL ASSETSLESS | CURRENT LIABILITIES | 139,450 | 235,611 | ||
| NET ASSETS | 139,450 | 235,611 | |||
| FUNDS | |||||
| Restricted income funds | 142,108 | ||||
| Unrestricted income funds |
12 | 139,450 | 93,503 | ||
| TOTAL FUNDS | 139,450 | 235,611 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| g | |||||
| Note | 2020 | 2019 | |||
| CASH FLOWS FROM | OPERATING ACTIVITES | ||||
| Net Cash used in operating activities |
15 | (93,327) | 185,074 | ||
| CASH FLOWS FROM | INVESTING ACTIVITIES | ||||
| Purchase offixed assets | |||||
| CHANGE IN CASH & | CASH | EQUIVALENTS IN | THE | ||
| YEAR | (93,327) | 185,074 | |||
| Cash &cash equivalents | brought | forward | 233,249 | 48,175 | |
| CASH &,CASH EQUIVALENTS CARRIED | |||||
| FORWARD | 139,922 | 233,249 |
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2020 | 2019 | ||
| Donations | |||||
| Donations | received | 535,014 | 535,014 | 792,401 | |
| Grants receivable | |||||
| Grants from Bar lian University | 48,445 | 48,445 | 253,564 | ||
| 535,014 | 48,445 | 583,459 | 1,045,965 |
| COSTSO | F G | ENERATIN | G VOLUNTAR | Y INCOME | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Total | Funds | ||||
| Funds | 2020 | 2019 | ||||||
| Mailshots | and | Fundraising | events | 4,401 | 4,401 | 1,395 |
| 4. | COSTS OF | CHARITABLE ACTIVITIES | BYFUND TYPE | ||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | |||
| Funds | 2020 | 2019 | |||
| Distributions | to Bar lian University | 484,666 | 484,666 | 649,659 | |
| 5. | COSTSOF | CHARITABLE ACTIVITIES | BYACTIVITY TYPE | ||
| Activities | |||||
| undertaken | Total Funds | Total Funds | |||
| directly | 2020 | 2019 | |||
| Distributions | to Bar lian University | 484,666 | 484,666 | 649,659 |
| 6. | OPERATING AND GOVERNANCE | OPERATING AND GOVERNANCE | OPERATING AND GOVERNANCE | OPERATING AND GOVERNANCE | COSTS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||||
| Funds | Funds | 2020 | 2019 | ||||||||
| 104,879 | 104,879 | 120,864 | |||||||||
| 7,665 | 7,665 | 11,912 | |||||||||
| 1+71 | 1/71 | 1,374 | |||||||||
| 31,450 | 31,450 | 53,066 | |||||||||
| 965 | 965 | 1,055 | |||||||||
| 5,400 | 5,400 | 5,400 | |||||||||
| 478 | 478 | 797 | |||||||||
| 773 | 773 | 1,031 | |||||||||
| 21,503 | 21,503 | (15,707) | |||||||||
| 16,069 | 16,069 | 26,164 | |||||||||
| (190,553) | 190,553 | ||||||||||
| 190,553 | 190,422 | 205,956 | |||||||||
| 7. | NET INCOMING/(OUTGOING) | RESOURCES FOR THE YEAR | |||||||||
| This is stated after charging/(crediting): | |||||||||||
| 2020 | 2019 | ||||||||||
| Depreciation | 773 | 1,031 | |||||||||
| Auditors' remuneration: |
|||||||||||
| - audit ofthe financial | statements | 5,400 | 5,400 | ||||||||
| Exchange (gains)/losses | 21,503 | (15,707) | |||||||||
| 8. | STAFF COSTS AND EMOLUMENTS | ||||||||||
| Total staff costs were as | follows: | ||||||||||
| 2020 | 2019 | ||||||||||
| Wages and salaries | 104,879 | 120,864 | |||||||||
| Social security costs | 7,665 | 11,912 | |||||||||
| Staff pension costs | 1/71 | 1,374 | |||||||||
| 113,915 | 134,150 | ||||||||||
| Particulars ofemployees: | |||||||||||
| The average number ofemployees | during | the year, | calculated | on the | basis | offull-time | equivalents, | ||||
| was as follows: | |||||||||||
| 2020 | 2019 | ||||||||||
| No | No | ||||||||||
| Number ofadministrative | staff | 1 | 2 | ||||||||
| Number ofmanagement | staff | 1 | 1 | ||||||||
| 2 | 3 |
| YE | AR ENDED 30 | SEPTEMBER | 2020 | ||
|---|---|---|---|---|---|
| The number ofemployees | whose remuneration | for the year fell | within the following | bands, were: | |
| 2020 | 2019 | ||||
| No | No | ||||
| f70,000to f.79,999 | 1 | 1 | |||
| 9. | TANGIBLE FIXEDASSETS | ||||
| Equipment | |||||
| COST | |||||
| At 1 October 2019 |
31,122 | ||||
| Additions | |||||
| At 30September 2020 | 31,122 | ||||
| DEPRECIATION | |||||
| At 1 October 2019 |
28,028 | ||||
| Charge for the year | 773 | ||||
| At 30September 2020 | 28,801 | ||||
| NET BOOK VALUE | |||||
| At 30September 2020 | 2/21 | ||||
| At 30 September 2019 | 3,094 | ||||
| 10. | CREDITORS: Amounts | falling due within | one year | ||
| 2020 | 2019 | ||||
| Other Creditors and Accruals | 14,384 | 10,272 | |||
| 11. | RESTRICTED INCOME | FUNDS | |||
| Balance at | Outgoing | Balance at | |||
| 1Oct 2019 | resources | 30Sep 2020 | |||
| Restricted Fund | 142,108 | (142,108) | 125,035 |
| Balance at | Incoming | Balance at |
|---|---|---|
| 1Oct 2019 | resources | 30Sep 2020 |
| 93,503 | 45,947 | 139,450 |
| ANALYSIS | OF NET ASSETS BETWE | EN FUNDS | ||
|---|---|---|---|---|
| Tangible | Net current | |||
| fixed assets | assets | Total | ||
| Restricted Income Funds | ||||
| Unrestricted | Income Funds | 2/21 | 137,129 | 139,450 |
| Total Funds | 2/21 | 137,129 | 139,450 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Within one year | 43,036 | 39,991 | ||
| Between two and five years | 14,660 | 52,946 | ||
| 57,696 | 92,937 | |||
| 15. | CASH GENERATED FROM OPERATIONS | |||
| 2020 | 2019 | |||
| Surplus/(deficit) for the year |
(96,161) | 188,955 | ||
| Add back depreciation charge |
773 | 1,031 | ||
| Movements in workin ca ital |
||||
| (Increase)/decrease in debtors |
(2,051) | |||
| Increase/(decrease) in creditors |
4,112 | (4,912) | ||
| Cash generated from/(absorbed |
by) operations | ~93@27 | 183,074 |