| 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 | The British Friends of Bar lian University |
|---|---|---|---|
| Charity number | 314139 | ||
| Address | 1 Spaniards Park |
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| Columbas Drive |
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| London | |||
| NW3 7JD | |||
| Trustees | Mr R Tager QC PhD (Hon.) (Chairman) Mr D Gradel PhD (Hon.) |
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| Associate | The Rt. Hon. Sir Bernard | Rix (Hon. Vice-President) | |
| Auditor | JPL | ||
| Chartered Accountants |
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| 8 Statutory Auditor |
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| 110Chandos Avenue | |||
| Whetstone | |||
| London | |||
| N20 9DZ | |||
| Members of | the Committee | Mr Doron Cohen | |
| Mr R Tager QC PhD (Hon.) Mr D Gradel PhD (Hon.) Mr Shlomo Rechtschaffen LLM MBA |
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| Cllr Eva Greenspan | |||
| Bankers | Barclays Bank | ||
| 1 Churchill Place |
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| London | |||
| E145HP |
| YEAR | END | ED 30SEPTE | MBER 2021 | |
|---|---|---|---|---|
| Unrestricted | Total | |||
| Funds | Funds | |||
| 2021 | 2020 | |||
| Note | ||||
| INCOMING RESOURCES | ||||
| Incoming resources from generating | funds: | |||
| Voluntary income Grants received |
767,978 15/97 |
583,459 | ||
| TOTAL INCOMING RESOURCES | 783475 | 583,459 | ||
| RESOURCES EXPENDED | ||||
| Costs ofgenerating funds: |
||||
| Costs ofgenerating | ||||
| voluntary income Charitable activities Governance costs |
3 4/5 6 |
(5,180) (291,768) (220,138) |
(4,401) (484,666) (190,553) |
|
| TOTAL RESOURCES EXPENDED | (517,086) | (679,620) | ||
| NET | ||||
| INCOMING/(OUTGOING) | ||||
| RESOURCES FOR THE | ||||
| YEAR RECONCILIATION OFFUNDS |
266,289 | (96,161) | ||
| Total funds brought forward |
139,450 | 235,611 | ||
| TOTAL FUNDS CARRIED FORWARD | 405,739 | 139,450 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | |||||
| FIXEDASSETS | |||||
| Tangible assets | 1,741 | 2,321 | |||
| CURRENT ASSETS | |||||
| Debtors Cash at bank |
19,572 393,597 |
11,591 139,922 |
|||
| CREDITORS: Amounts | falling due within one | 413,169 | 151,513 | ||
| year | 10 | (9,171) | (14,384) | ||
| NET CURRENT ASSETS | 403,998 | 139,129 | |||
| TOTAL ASSETSLESS | CURRENT LIABILITIES | 405,739 | 139,450 | ||
| NET ASSETS | 405,739 | 139,450 | |||
| FUNDS | |||||
| Unrestricted income funds |
405,739 | 139,450 | |||
| TOTAL FUNDS | 405,739 | 139,450 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | 2021 | 2020 | |||
| CASH FLOWS FROM | OPERATING ACTIVITES | ||||
| Net Cash used in operating activities |
12 | 253,675 | (93,327) | ||
| CASH FLOWS FROM | INVESTING ACTIVITIES | ||||
| Purchase offixed assets | |||||
| CHANGE IN CASH dk | CASH | EQUIVALENTS IN THE | |||
| YEAR | 253,675 | (93,327) | |||
| Cash &cash equivalents | brought | forward | 139,922 | 233,249 | |
| CASH 8r, CASH EQUIVALENTS CARRIED | |||||
| FORWARD | 393,597 | 139,922 |
| Unrestricted | Total | ||
|---|---|---|---|
| Funds | Funds | ||
| 2021 | 2020 | ||
| Donations | |||
| Donations received Grants receivable |
767,978 | 535,014 | |
| Job Retention Grants from |
Scheme grant Bar lian University |
10,284 5,112 |
48,445 |
| 783474 | 583,459 |
| 3. | COSTS O | F GENERATI | NG VOLUNTARY | INCOME | ||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | ||||
| Funds | 2021 | 2020 | ||||
| Mailshots | and fundraising | events | 5,180 | 5,180 | 4,401 | |
| 4. | COSTS OF CHARITABLE ACTIVITIES | BYFUND TYPE |
| 4. | COSTS OF | CHARITABLE ACTIVITIES | BYFUND TYPE | ||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | |||
| Funds | 2021 | 2020 | |||
| Distributions | to Bar lian University | 291,768 | 291,768 | 484,666 | |
| 5. | COSTS OF | CHARITABLE ACTIVITIES | BYACTIVITY TYPE |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Total Funds | Total Funds | |||||
| directly | 2021 | 2020 | |||||
| Distributions | to | Bar | lian | University | 291,768 | 291,768 | 484,666 |
| OPERATING AND | GOVERNANCE COSTS |
||
|---|---|---|---|
| Unrestricted | Total | ||
| Funds | Funds | ||
| 2021 | 2020 | ||
| Salaries and wages Employer's NIC Staffpension costs Premises costs Accountancy fees |
102,487 7,810 1+17 79,929 828 |
104,879 7,665 1,371 31,450 965 |
|
| Audit fees Bank charges |
5,400 699 |
5,400 478 |
|
| Depreciation | 580 | 773 | |
| Foreign currency (gain)/loss Office administrative expenses |
9,672 11,416 |
21,503 16,069 |
|
| 220,138 | 190,553 |
| 2021 | 2020 | ||
|---|---|---|---|
| Depreciation | 580 | 773 | |
| Auditors' remuneration: |
|||
| - audit ofthe financial Exchange (gains)/losses |
statements | 5,400 9,672 |
5,400 21,503 |
| Total staff costs were as follows: | ||
|---|---|---|
| 2021 | 2020 | |
| Wages and salaries | 102,487 | 104,879 |
| Social security costs Staffpension costs |
7,810 1/17 |
7,665 1,371 |
| 111,611 | 113,915 |
| was as f | ollows: | , | q, | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| No | No | |||
| Number | ofadministrative | staff | 1 | 1 |
| Number | ofmanagement | staff | 1 | 1 |
| 2 | 2 |
| The number ofemployees | whose remuneration | for the year fell within the following | for the year fell within the following | bands, were: | |
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| f70,000to f79,999 | No 1 |
No 1 |
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| 9. | TANGIBLE FIXEDASSETS | ||||
| Equipment | |||||
| COST | |||||
| At 1 October 2020 Additions |
31,122 | ||||
| At 30September 2021 | 31,122 | ||||
| DEPRECIATION | |||||
| At I October 2020 Charge for the year |
28,801 580 |
||||
| At 30September 2021 | 29/81 | ||||
| NET BOOK VALUE | |||||
| At 30September 2021 | 1,741 | ||||
| At 30 September 2020 | 2,321 | ||||
| 10. | CREDITORS: Amounts | falling due within | one year | ||
| 2021 | 2020 | ||||
| Other Creditors and Accruals | 9,171 | 14,384 | |||
| 11. | UNRESTRICTED INCOME FUNDS | ||||
| Balance at | Incoming | Balance at | |||
| 1Oct 2020 | resources | 30Sep 2021 | |||
| General Funds | 139,450 | 266/89 | 405,739 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Surplus/(deficit) for the year |
266/89 | (96,161) | ||
| Add back depreciation | charge | 580 | 773 | |
| Movements in workin |
ca ital | |||
| (Increase) in debtors Increase/(decrease) in |
creditors | (7,981) (5+13) |
(2,051) 4,112 |
|
| Cash generated from/(absorbed |
by) operations | 253,675 | ~93,327 |