2020-08-31-accounts - The Arab Educational And Cultural Forum

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.


Trustees'	annual report	(incorporating		the	director's	report)
Independent examiner's		report	to the	trustees
Statement	of financial	activities	(including		income	and expenditure	account)
Statement	of financial	position
Notes to the financial statements

						Period fiom	Period fiom
						1 Jan 19to
				Year to31	Aug 20	31	Aug 19
				Unrestricted
				funds	Total funds	Total funds
			Note
Income and endowments
Donations and legacies Charitable activities				400 53,344	400 53,344		26,853
Investment income				197	197		155
Total income				53,941	53,941		27,008
Expenditure Expenditm'e on charitable	activities		8,9	53,582	53,582		44,056
Total expenditure				53,582	53,582		44,056
Net income/(expenditure)	and net movement	in funds		359	359		(17,048)
Reconciliation offunds
Total funds brought forward				98,430	98,430		115,478
Total funds carried forward				98,789	98,789		98,430

				2020		2019
			Note
Fixed assets
Tangible fixed assets			14		1,457
Current assets
Debtors			15			400
Cash at bank and in	hand			101,544		99,120
				101,544		99,520
Creditors: amounts	falling due within	one year	16	4,212		1,090
Net current assets					97,332	98,430
Total assets less current liabilities					98,789	98,430
Net assets					98,789	98,430
Funds ofthe charity
Vm estricted funds					9S,7S9	98,430
Total charity funds			18		98,789	98,430

5.	Donations	and	and	legacies
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2020	Funds	2019
	Donations
	Donations				400	400
6.	Charitable	activities
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2020	Funds	2019
	School fees				53,344	53,344	26,853	26,853
7.	Investment	income
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2020	Funds	2019
	Bank interest		receivable		197	197	155	155
8.	Expenditure		on charitable		activities by fund type
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2020	Funds	2019
	School running Support costs			costs	52,232 1,350	52,232 1,350	42,956 1,100	42,956 1,100
					53,582	53,582	44,056	44,056
9.	Expenditure		on charitable		activities by activity type

Expenditure	ies by activity type
	Activities
	undertaken		Total funds	Total fund
	directly	Support costs	2020	2019
School running costs Governance costs	52,232	1,350	52,232 1,350	42,956 1,100
	52,232	1,350	53,582	44,056

10.	Analysis of	support costs
						Analysis	of
						support costs
						activity	1	Total 2020	Total 2019
	Governance	costs				1,350		1,350	1,350
11.	Independent	examination	fees
									Period trom
								Year to	1 Jan 19to
								31Aug 20	31 Aug 19
	Fees payable Independent	to the independent examination ofthe		examiner financial	for: statements				650

Staff costs
The total staff costs	and employee benefits for		the	reporting	period are analysed	as follows:
							Period fiom
						Year to	1 Jan 19to
						31Aug 20	31Aug 19
Wages and salaries						41,334	24,435
The average head count ofemployees		during	the	year was 20 (2019:21). The average number			offull-time
equivalent employees	during the year	is analysed		as follows:		2020	2019
						No.	No.
Teachers and administrators						6	6

14.	Tangible fixed assets
			Equipment	Total
	Cost
	At 1 September 2019		2, 104	2&104
	Additions		1,457	1,457
	At 31August 2020		3,561	3,561
	Depreciation
	At 1 September 2019and 31August	2020	2,104	2&104
	Carrying amount At 31August 2020		1,457	1,457
	At 31 August 2019
15.	Debtors
			2020	2019
	Prepayments and accrued income			400
16.	Creditors: amounts falling due within	one year
			2020	2019
	Accruals and deferred income		3,704	1,040
	Social security and other taxes		508	50
			4,212	1,090
17.	Deferred income
			2020	2019
	Amount deferred in year		1,400

18.	Analysis ofc	harita	ble funds
	Unrestricted	funds
					At			At
				1	September 20			31August 202
					19	Income	Expenditure	0
	General fimds				98,430	53,941	(53,582)	98,789
								At
					At			31August 201
				I January 2019		Income	Expenditure	9
	General funds				115,478	27,008	(44,056)	98,430
19.	Analysis ofnet assets between funds
							Unrestricted	Total Funds
							Funds	2020
	Tangible fixed assets						1,457	1,457
	Current assets						101,544	101,544
	Creditors less	than	1 year				(4,212)	(4,212)
	Net assets						98,789	98,789
							Unrestricted	Total Funds
							Funds	2019
	Tangible fixed assets
	Cuirent assets						99,520	99,520
	Creditors less	than	1 year				(1,090)	(1,090)
	Net assets						98,430	98,430