#
##
##
|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|