REGISTERED CHARITY NUMBER: 508853
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2020 for BEBE NANKI CHARITABLE TRUST
AS Kalsi & Co, Chartered Accountants 77 Holyhead Road Birmingham West Midlands B21 OLG
BEBE NANKI CHARITABLE TRUST
Report of the Trustees for the Year Ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 508859
Principal address 189 ROOKERY ROAD HANDSWORTH BIRMINGHAM West Midlands B21 OLG
| Trustees | ||
|---|---|---|
| K S Ajimal | Trustee | |
| MrsA K Kalsi | Trustee | |
| B D Lyall | Trustee | |
| K K Padan | Trustee | |
| NK Phull | Trustee | |
| DS Phullar A S$ Virdee BS Gill |
Trustee Trustee Trustee |
-appointed 15.10.20 |
| Independent examiner | ||
| AS Kalsi & Co, Chartered |
Accountants | |
| 77 Holyhead Road | ||
| Birmingham | ||
| West Midlands | ||
| B21OLG |
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error, Approved by order of the board of trustees on 22 [IZ] 2orf and signed on its behalf by:
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Page 1
BEBE NANKI CHARITABLE TRUST
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |
|---|---|
| Report ofthe Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 8 |
| DetailedStatementofFinancialActivities | 9to10 |
Independent Examiner's Report to the Trustees of BEBE NANKI CHARITABLE TRUST
| report on the accounts for the year ended 31 December 2020, which are set out on pages three to eight.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act').
| have examined your charity's accounts as required under section 145 of the Charities Act 2011 (‘the Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
- Ai. that accounting records were not kept as required by section 130 of the Act; or 2: that the accounts do not accord with those records: or 3; that the accounts do not comply with the accounting requirements of the Act; or 4. that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
| have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission | have found no matters that require drawing to your attention.
Ujjal Ghosh AS Kalsi & Co, Chartered Accountants 77 Holyhead Road Birmingham West Midlands B21 OLG
Date: ee Ok as
Page 2
BEBE NANKI CHARITABLE TRUST
Statement of Financial Activities for the Year Ended 31 December 2020
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|||||||
|---|---|---|---|---|---|
|31.12.20|31.12.19|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOMING|RESOURCES|
|Incoming|resources|from|generated|
|funds|
|Voluntary|income|85,700|248,320|
|Investment|income|2|23,946|26,248|
|Total|incoming|resources|109,646|274,568|
|RESOURCES|EXPENDED|
|Costs|of|generating|funds|
|Costs|of generating|voluntary|income|.|100|
|Fundraising|trading:|cost|of goods|sold|
|and|other|costs|21,708|24,129|
|Other|resources|expended|108,467|112,191|
|Total|resources|expended|130,175|136,420|
|NET|INCOMING/(OUTGOING)|
|RESOURCES|(20,529)|138,148|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|2,627,463|2,489,315|
|TOTAL FUNDS|CARRIED|FORWARD|2,606,934|2,627,463|
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The notes form part of these financial statements
Page 3
BEBECHARITABLENANKI TRUST
Balance Sheet At 31 December 2020
| 31.12.20 | 31.12.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXEDASSETS | |||
| Tangible assets | 5 | 2,710,638 | 2,743,500 |
| CURRENT ASSETS | |||
| Cash at bank | 442 258 | 464,666 | |
| NETCURRENT ASSETS | 442 258 | 464,666 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 3,152,896 | 3,208,166 | |
| CREDITORS | |||
| Amounts falling due after more than one | |||
| year | 6 | (545,962) | (580,703) |
| NET ASSETS | 2,606,934 | 2,627,463 | |
| FUNDS | 7 | ||
| Unrestricted funds | 2,606,934 | 2,627,463 | |
| TOTALFUNDS | 2,606,934 | 2,627,463 |
The financial statements were approved by the Board of Trustees on de Lb2f 2027 and were signed on its behalf by:
Alloprésal a
The notes form part of these financial statements
Page 4
BEBE NANKI CHARITABLE TRUST
Notes to the Financial Statements for the Year Ended 31 December 2020
13 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Previous years figures are re-arranged and adjusted wherever necessary.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
- INVESTMENT INCOME
| 31.12.20 | 34.12.19 | |
|---|---|---|
| . | £ | |
| Rents received | 23,944 | 26,248 |
| Deposit account interest | 2 | - |
| 23,946 | 26,248 |
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BEBECHARITABLENANKI TRUST Notes to the Financial Statements - continued for the Year Ended 31 December 2020
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
- STAFF COSTS
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|---|---|---|---|---|---|---|---|---|---|---|
|31.12.20|31.12.19|
|z|£|
|Wages|and|salaries|-|3,466|
|The|average|monthly|number|of|employees|during|the|year was|as|follows:|
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31.12.20 31.12.19
No employees received emoluments in excess of £60,000.
5. TANGIBLE FIXED ASSETS
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|||||||||
|---|---|---|---|---|---|---|---|
|Freehold|Plant|and|Fixtures|
|property|machinery|and|fittings|Totals|
|£|£:|£|£|
|COST|
|At|1|January|2020|and|
|31|December|2020|3,067,711|16,313|151,661|3,235,685|
|DEPRECIATION|
|At|1|January|2020|362,879|16,297|113,009|492,185|
|Charge|for year|27,048|16|5,798|32,862|
|At|31|December|2020|389,927|16,313|118,807|525,047|
|NET|BOOK|VALUE|
|At|31|December|2020|2,677,784|-|32,854|2,710,638|
|At|31|December|2019|2,704,832|16|38,652|2,743,500|
|6.|CREDITORS:|AMOUNTS|FALLING|DUE|AFTER|MORE THAN|ONE YEAR|
|31.12.20|31.12.19|
|£|£|
|Bank|loans|545,962|580,703|
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BEBE NANKI CHARITABLE TRUST
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
a MOVEMENT IN FUNDS
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|---|---|---|---|---|---|---|---|---|---|---|
|Net|
|movement|
|At-1.1.20|infunds|At|31.12.20|
|ze|£|+|
|Unrestricted|funds|
|General|fund|2,627|463|(20,529)|2,606,934|
|TOTAL|FUNDS|2,627,463|(20,529)|2,606,934|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|109,646|(130,175)|(20,529)|
|TOTAL|FUNDS|109,646|(130,175)|(20,529)|
|Comparatives|for movement|in|funds|
|Net|
|movement|
|At|1.1,19|infunds|At31.12.19|
|£|£|£|
|Unrestricted|Funds|
|General|fund|2,489,315|138,148|2,627,463|
|TOTAL FUNDS|2,489,315|138,148|2,627,463|
|Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:|
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|274,568|(136,420)|138,148|
|TOTAL FUNDS|274,568|(136,420)|138,148|
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BEBE NANKI CHARITABLE TRUST
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
Fs MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
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|---|---|---|---|---|
|Net|
|movement|
|At|1.1.19|infunds|At|31.12.20|
|£|E|£|
|Unrestricted|funds|
|General|fund|2,489,315|117,619|2,606,934|
|TOTAL|FUNDS|2,489,315|117,619|2,606,934|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|384,214|(266,595)|117,619|
|TOTAL FUNDS|384,214|(266,595)|117,619|
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BEBE NANKI CHARITABLE TRUST
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
| 31.12.20 | 31.12.19 | |
|---|---|---|
| E | £ | |
| INCOMING RESOURCES | ||
| Voluntary income | ||
| Donations | 76,758 | 238,103 |
| Gift aid | 8,942 | 10,217 |
| 85,700 | 248,320 | |
| Investment income | ||
| Rents received | 23,944 | 26,248 |
| Deposit account interest | 2 | - |
| 23,946 | 26,248 | |
| Total incoming resources | 109,646 | 274,568 |
| RESOURCES EXPENDED | ||
| Costs of generating voluntary income | ||
| Cost of Raising Funds | - | 100 |
| Fundraising trading: cost ofgoods sold and other costs | ||
| Bank loan interest | 21,708 | 24,129 |
| Support costs | ||
| Information technology | ||
| Repairs and renewals | 25,200 | 12,332 |
| Other | ||
| Wages | - | 3,466 |
| Rates and water | 12,597 | 12,557 |
| Insurance | 4,225 | 3:555 |
| Light and heat | 21,995 | 28,745 |
| Telephone | 1,296 | 1,714 |
| Postage and stationery | 621 | 588 |
| Premises Cleaning | 5,721 | 4,009 |
| Freehold property | 27,048 | 27,322 |
| Plant and machinery | 16 | 6 |
| Fixtures and fittings | 5,798 | 6,821 |
| 79,317 | 88,783 | |
| Other 2 | ||
| SecurityCosts | 1,200 | 4,200 |
This page does not form part of the statutory financial statements
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BEBE NANKI CHARITABLE TRUST
Detailed Statement of Financial Activities
for the Year Ended 31 December 2020
| 31.12.20 | 31.12.19 | |
|---|---|---|
| £ | £ | |
| Other 3 | ||
| Other Premises Costs | - | 1,626 |
| Other 4 | ||
| Professional and legal fees | 2,750 | 8,250 |
| Total resources expended | 130,175 | 136,420 |
| Net(expenditure)/income | (20,529) | 138,148 |
This page does not form part of the statutory financial statements
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