Khatam Alnabaeen Limited - Charities report - 19.1

REGISTERED COMPANY NUMBER: 08404576 (England and Wales)

REGISTERED CHARITY NUMBER: 1168024

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2019

FOR

KHATAM ALNABAEEN LIMITED

(A COMPANY LIMITED BY GUARANTEE)

KHATAM ALNABAEEN LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2019

Page

Reference and Administrative Details

1

Report of the Trustees

2 to 5

Independent Examiner's Report

6

Statement of Financial Activities

7

Balance Sheet

8

Notes to the Financial Statements

9 to 16

KHATAM ALNABAEEN LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 28 FEBRUARY 2019

TRUSTEES

S F Hosseini Milani (Managing Trustee & director)

S E Shahrestani (Trustee & director)

M E Mesbahi (Trustee & director)

REGISTERED OFFICE

Foframe House

35 - 37 Brent Street

London

NW4 2EF

PRINCIPAL ADDRESS

Unit 6, Wellesley Court

Apsley Way

London

NW2 7HF

REGISTERED COMPANY NUMBER

08404576 (England and Wales)

REGISTERED CHARITY NUMBER

1168024

INDEPENDENT EXAMINER

Sabat Accountants Ltd

Foframe House

35 - 37 Brent Street

London

NW4 2EF

BANKERS

Barclays Bank

75 King Street

Hammersmith

London

W6 9HY

KHATAM ALNABAEEN LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 28 FEBRUARY 2019

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the

financial statements of the charity for the year ended 28 February 2019. The trustees have adopted the provisions of

Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their

accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)

(effective 1 January 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The purpose of the charity is promotion of racial and religious harmony through education. In shaping our objectives and

activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public

benefit: running a charity (PB2)'.

The activities undertaken by the charity to promote its objectives and aims was to organise inter faith and intra faith

conferences and seminars.

Significant activities

During the year the charity under took the following activities;

1. We completed the final draft on (Islamic Commercial Law) which is going to be a textbook for MA students at The Islamic

College in partnership with Middlesex University, London.

2. A conference for religious speakers in Arabic was held at Khatam al-Nabaeen on 22/04/2018. Most of such speakers are

in charge of Saturday schools in England and Wales.

3. On 30/04/2018 a seminar to deal with domestic violence was arranged from 10:00 - 15:00. Dr Milani, Mrs Maha Ridha

and Mrs Huda Jawad were amongst the speakers who discussed the misrepresentation of some religious texts and other

cultural habits that cause domestic violence.

4. A round table discussion with a group of Imams in charge of some Shia mosques in London, was held on Monday

07/05/2018 . The main theme of this discussion was: 'How to promote moderation and avoid extremism'.

5. On 20/07/2018, a seminar was held for three big groups of Muslims performing for pilgrimage to Makkah in the Hajj

season. All spiritual, social and rituals of pilgrimage were discussed to the attendees.

6. On Thursday 31/05/2018 a round table discussion was held regarding 'Revelation: Muslim and Jewish perspectives'. The

senior Rabbi Mark Goldsmith and Dr Milani presented details of what both faiths know about revelation. Mrs Mehri Niknam

from The Joseph Interfaith Foundation contributed to the discussions too.

7. Dr Milani represented Khatam al-Nabaeen in a round table discussion about the challenges that Christians face in the

Middle East on 05/07/2018 at Al-Khoei Foundation. The keynote speaker was Prince Hasan Bin Talal of Jordan, and 30

faith leaders attended this event.

8. A Summer school for Islam and Christianity was run from 01/08/2018 until 08/08/2018 in Oxford. Eight Muslim students

and eight Christian students (some to be ordained as priests) attended this course for the complete week. Khatam

al-Nabaeen contributed both academically and financially to this cause.

9. On Sunday 04/11/2018 Khatam al-Nabaeen arranged a huge multi-faith peace procession in support of Justice and

Human Rights at Marble Arch, to commemorate the Martyrdom of Imam Hussain.

10. On Thursday 08/11/2018 an interfaith seminar was held between 9:30 and 14:00. 60-70 various faith leaders were

invited to this seminar. 200 students from Al-Zahra school and Islamia school attended this seminar.

11. On Monday 12/11/2018, 42 students from Dr Challoner's Grammar School supervised by their religious studies teacher,

Mr Liam Deakin attended Khatam Al-Nabaeen for a course on Islamic Philosophy. They enjoyed the informative lecture of

Dr Milani on various aspects of Islam followed by Q&A session.

12. A conference on Mental Health was held on Thursday 15/11/2018 in cooperation with London Interfaith Forum and

London Citizens.

13. We ran a course on Ethical Values and Theology (in Arabic) for ladies whose mother tongue is Arabic, on Mondays and

Tuesdays every week between 10:00 and 14:00. This course was taught by S. M. Rabbani and was for 10 weeks.

14. A course of Advanced level of Islamic Jurisprudence started at Khatam al-Nabaeen from Monday 19/11/2018 and run

every Monday and Wednesday between 13:30 and 15:00, until 17/03/2019.

15. A conference for teachers for training on the GCSE Religious Studies curriculum was held on 14/02/2019. The speakers

included Deborah Weston from NATRE, Imam Monawar Hussain from The Oxford Foundation, Imam Qari Asim from Leeds

Makkah Mosque, Dr Chris Hewer, Scholar and Consultant, Dr Rebecca Masterton from Online Shia Studies, Anjum Anwar,

Education Consultant, Sheikh Mohammed Al-Hilli, Scholar and Researcher, and Dr Milani from Khatam al-Nabaeen.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

In order to meet the objectives, the charity organised and participated in several inter and intra faith activities including

seminars, conferences and workshops during the year. They include the following;

1. As part of our plans to support moderation in behaviour and combat extremism, the Trustees of Khatam al-Nabaeen

attended a service shared by various organisations with the theme of "United for Peace".

The following organisations had delegates to the meeting:

- Muslim Hands

- The Oxford Foundation

- Al-Khoei Foundation

- The Clothworkers Company

- West London Synagogue

- London Buddhist Centre

2. Theology course run over five weeks in June/July, from 04/06/2018 until 02/07/2018.

3. Monthly Group Discussion for the Family Affair's Committee on the first Sunday of each month in partnership with the

Imam Ali Foundation. Dr Milani's role in such gatherings is focused on the spiritual and social elements needed for families

to build up a strong bond between them. Counselling is another task that spouses seek from Dr. Milani with regard to their

problems.

FINANCIAL REVIEW

Financial position

During the year under review the charity received unrestricted income of £22,722 (2018: £14,200) and restricted income of

£242,171 (2018: £40,477) and had an expenditure of £54,850 (2018: £44,619) and £74,732 (2018: £15,910l) for

unrestricted and restricted respectively. At the balance sheet date the charity held restricted and unrestricted funds of

£580,524 (2018: £445,213).

Principal funding sources

The charity relies on donations from the public. The donations received from the public enables the charity to carry out its

activities.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained

at a level equivalent to between three and six months running costs. The trustees consider that reserves at this level will

ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while

consideration is given to ways in which additional funds may be raised. Based on this policy the reserves to be held are

between £15,000 and £30,000. At the end of the year, the charity has unrestricted reserve fund of £402,771 and restricted

reserve fund (not available for general purpose) of £177,753.

Financial and risk management objectives and policies

The Trustees recognise that effective risk management is essential in achieving the Charity's objectives. Risk management

is considered as an integral element of all decision making and identifying appropriate procedures to endure that the risk

levels are acceptable in each case. The Charity review these policies annually to ensure that they are up to date.

FUTURE PLANS

The charity anticipates to under take the following activities during the coming financial year:

1. To continue a course on Ethical Values and Theology (in Arabic) for ladies whose mother tongue is Arabic, on Mondays

and Tuesdays every week between 10:00 and 14:00. This course is planned to be taught by S.M.Rabbani and will continue

for 20 weeks.

2. A course of Advanced level of Islamic Jurisprudence will start at Khatam al-Nabaeen from Monday 21/03/2019 and will

run every Monday and Wednesday between 13:30 and 15:00, until 4/12/2019.

3. We intend to arrange a conference for training teachers on the GCSE Religious Studies curriculum. The speakers who

are invited include Deborah Weston from NATRE, Imam Monawar Hussain from The Oxford Foundation, Imam Qari Asim

from Leeds Makkah Mosque, Dr Chris Hewer, Scholar and Consultant, Dr Rebecca Masterton from Online Shia Studies,

Anjum Anwar, Education Consultant, Sheikh Mohammed Al-Hilli, Scholar and Researcher, and Dr Milani from Khatam

al-Nabaeen. This conference will continue for 3 days from 9th July 2019 to the 11th.

4. We will coordinate with the following organisations to set up a programme to support moderation in behaviour and

combat extremism:

- Muslim Hands

- The Oxford Foundation

- Al-Khoei Foundation

- The Clothworkers Company

- West London Synagogue

- London Buddhist Centre

5. Monthly Group Discussion for the Family Affair's Committee on the first Sunday of each month in partnership with the

Imam Ali Foundation. Dr Milani's role in such gatherings is focused on the spiritual and social elements needed for families

to build up a strong bond between them. Counselling is another task that spouses seek from Dr. Milani with regard to their

problems.

6. Khatam Al-Nabaeen committed itself to the summer school for Islam and Christianity that will run from 22/08/2019 until

28/08/2019 in Oxford. Eight Muslim students and eight Christian students (some to be ordained as priests) will attend this

course for the complete week. Khatam Al-Nabaeen will contribute academically and financially to this cause.

7. Khatam Al-Nabaeen will arrange a huge multi-faith peace procession in support of Justice and Human Rights at Marble

Arch, to commemorate the Martyrdom of Imam Hussain on Saturday 19/10/2019. We expect that more than ten thousand

people will take part in this program.

8. Theology course will be run over five Tuesdays, in May/June 2019:

a) Tuesday 07/05/2019 between 11am and 1pm.

b) Tuesday 14/05/2019 between 11am and 1pm.

c) Tuesday 21/05/2019 between 11am and 1pm.

d) Tuesday 28/05/2019 between 11am and 1pm.

e) Tuesday 04/06/2019 between 11am and 1pm.

9. We are aiming to publish books for the students of all Islamic Schools explaining the policy for what the Department for

Education requires about Relationship and Sex Education. We are going to focus on the following tasks:

a) Islamic teachings on relationships and the nature and meaning of sexual love.

b) Islamic teachings and the importance of marriage and loving.

c) The physical and psychological changes that accompany puberty.

d) To ensure that Muslim schools strive to do the best for all of the pupils, irrespective of race, ethnic or national origin, sex,

gender identity, religion or sexual orientation.

10. To continue our interfaith and intrafaith activities in the same manner of what we did in previous years.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a company limited by guarantee and is controlled by its Memorandum and Articles of Association dated 15

February 2013 as amended by special resolutions dated 19 February 2016 and 27 June 2016.

Recruitment and appointment of new trustees/directors

The Charity may appoint a person who is willing to act to be a director/trustee.

Organisational structure

The charity has 3 trustees as mentioned in the Administrative Details heading. The managing trustee is S F Hosseini Milani.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are also the directors of Khatam Alnabaeen Limited for the purposes of company law) are responsible

for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom

Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard

102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of

the state of affairs of the charitable company and of the incoming resources and application of resources, including the

income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees

are required to

-

select suitable accounting policies and then apply them consistently;

-

observe the methods and principles in the Charity SORP;

-

make judgements and estimates that are reasonable and prudent;

-

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time

the financial position of the charitable company and to enable them to ensure that the financial statements comply with the

Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking

reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to

small companies.

Approved by order of the board of trustees on 1 November 2019 and signed on its behalf by:

S F Hosseini Milani - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

KHATAM ALNABAEEN LIMITED

Independent examiner's report to the trustees of Khatam Alnabaeen Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2019.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2.

the accounts do not accord with those records; or

3.

the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached

Sajjad Tejani

ACCA

Sabat Accountants Ltd

Foframe House

35 - 37 Brent Street

London

NW4 2EF

1 November 2019

KHATAM ALNABAEEN LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 28 FEBRUARY 2019

28.2.19

28.2.18

Unrestricted funds

Restricted funds

Total funds

Total funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3

22,723

242,171

264,894

54,697

Total

22,723

242,171

264,894

54,697

EXPENDITURE ON

Charitable activities

Orphans

-

50,000

50,000

2,400

Education

-

24,732

24,732

13,510

Other

54,850

-

54,850

44,619

Total

54,850

74,732

129,582

60,529

NET INCOME/(EXPENDITURE)

(32,127

)

167,439

135,312

(5,832

)

Transfers between funds

15

76,289

(76,289

)

-

-

Net movement in funds

44,162

91,150

135,312

(5,832

)

RECONCILIATION OF FUNDS

Total funds brought forward

434,899

10,314

445,213

451,045

TOTAL FUNDS CARRIED FORWARD

479,061

101,464

580,525

445,213

KHATAM ALNABAEEN LIMITED

BALANCE SHEET

AT 28 FEBRUARY 2019

28.2.19

28.2.18

Unrestricted funds

Restricted funds

Total funds

Total funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

10

658,833

-

658,833

662,694

CURRENT ASSETS

Debtors

11

2,513

-

2,513

-

Prepayments and accrued income

804

-

804

2,429

Cash at bank

-

101,464

101,464

10,314

3,317

101,464

104,781

12,743

CREDITORS

Amounts falling due within one year

12

(6,089

)

-

(6,089

)

(3,224

)

NET CURRENT ASSETS/(LIABILITIES)

(2,772

)

101,464

98,692

9,519

TOTAL ASSETS LESS CURRENT LIABILITIES

656,061

101,464

757,525

672,213

CREDITORS

Amounts falling due after more than one year

13

(177,000

)

-

(177,000

)

(227,000

)

NET ASSETS

479,061

101,464

580,525

445,213

FUNDS

15

Unrestricted funds

479,061

434,899

Restricted funds

101,464

10,314

TOTAL FUNDS

580,525

445,213

The charitable company is entitled to exemption from audit under

Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended

28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)

ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act

2006 relating to charitable small companies.

The financial statements were approved by the Board of Trustees on 1 November 2019 and were signed on its behalf by:

S F Hosseini Milani -Trustee

KHATAM ALNABAEEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2019

1.	STATUTORY INFORMATION

Khatam Alnabaeen Limited is a charitable company, limited by guarantee, incorporated in the United Kingdom and

registered in England and Wales. The company's registered office and principal address is found on the Reference

and Administrative Details on page 1.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been

prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of

Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting

Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting

Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies

Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Pound Sterling (£) which is the functional currency of the company.

Monetary amounts in these financial statements are rounded to the nearest £.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going

concern.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as

permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

-

the requirements of Section 7 Statement of Cash Flows;

-

the requirement of Section 3 Financial Statement Presentation paragraph 3.17(d);

-

the requirements of Section 11 Financial Instruments paragraphs 11.41(b), 11.41(c), 11.41(e), 11.41(f), 11.42, 11.44,11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

-

the requirements of Section 12 Other Financial Instruments paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, management have been required to make judgements,

estimates and assumptions. These estimates relate to the carrying value of assets and liabilities that are based on

underlying assumptions and other factors, which are considered to be relevant. Actual results may differ from these

estimates. These estimates and assumptions are reviewed on an on-going basis.

There are no key sources of estimation uncertainty that have a significant effect on the amounts recognised in the

financial statements.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is

probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity

to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount

of the obligation can be measured reliably. 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.

Debtors

Trade and other debtors are recognised at the settlement due after any trade discount offered. Prepayments are

valued at the amount prepaid net of any trade discounts due.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligations resulting from a past event that

will probably result in the transfer funds to a third party and the amount due to settle the obligation can be measured

or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for

any trade discounts due.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but

not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

- 2% on cost

Fixtures and fittings

- 20% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any

accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset

to the location and condition necessary for it to be capable of operating in the manner intended by the management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when

the cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The

carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit and loss

during the period in which they are

incurred.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and

the carrying value of the asset, and is recognised in the profit and loss account.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if

appropriate, or if there is an indication of a significant change since the last reporting date.

Impairment

A review for indicators of impairment is carried out at each reporting date with the recoverable amount being

estimated where such indicators exists. Where the carrying value exceeds the recoverable amount, the asset is

impaired accordingly.

Depreciation of freehold property relates to the building element only.

Taxation

The charity is exempt from corporation 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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable

company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

3.	DONATIONS AND LEGACIES

During the year the charity received a one-off donation of £143,560 as endowment. This amount is included in the

restricted funds.

4.	GRANTS PAYABLE

During the year the charity provided grants of £73,603 to institutions and £1,129 to individual. These grants were

paid in support of orphans - £50,000 and for education - £24,732. Grants paid to Iraqi Orphans Foundation during

the year amounted to £50,000.

5.	SUPPORT COSTS

Management

Finance

Governance costs

Totals

£

£

£

£

Other resources expended

52,882

168

1,800

54,850

Governance costs includes payments to the independent examiner of £1,800 (2018: £1,800) for independent

examination fees.

Support costs, included in the above, are as follows:

Management

28.2.19

28.2.18

Other resources expended

Total activities

£

£

Wages

33,472

26,232

Pensions

460

36

Rates and water

3,406

3,279

Insurance

850

488

Light and heat

895

762

Telephone

1,055

882

CCTV

1,601

686

Repair and maintenance

1,443

597

Computer and IT expenses

79

-

Depreciation of tangible and heritage assets

9,621

9,506

52,882

42,468

Finance

28.2.19

28.2.18

Other resources expended

Total activities

£

£

Bank charges

168

151

Interest paid

-

200

168

351

Governance costs

28.2.19

28.2.18

Other resources expended

Total activities

£

£

Accountancy fees

1,800

1,800

6.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

28.2.19

28.2.18

£

£

Depreciation - owned assets

9,621

9,506

7.	TRUSTEES' REMUNERATION AND BENEFITS

There was no trustees' remuneration or other benefits for the year ended 28 February 2019 nor for the year ended

28 February 2018.

Trustees' expenses

There were no trustees' expenses paid for during the year ended 28 February 2019 nor for the year ended 28

February 2018.

8.	STAFF COSTS

28.2.19

28.2.18

£

£

Wages and salaries

33,472

26,232

Other pension costs

460

36

33,932

26,268

The average monthly number of employees during the year was as follows:

28.2.19

28.2.18

Administration

2

1

No employees received emoluments in excess of £60,000.

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted funds

Restricted funds

Total funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

14,220

40,477

54,697

Total

14,220

40,477

54,697

EXPENDITURE ON

Charitable activities

Orphans

-

2,400

2,400

Education

-

13,510

13,510

Other

44,619

-

44,619

Total

44,619

15,910

60,529

NET INCOME/(EXPENDITURE)

(30,399

)

24,567

(5,832

)

Transfers between funds

18,936

(18,936

)

-

Net movement in funds

(11,463

)

5,631

(5,832

)

RECONCILIATION OF FUNDS

Total funds brought forward

446,362

4,683

451,045

TOTAL FUNDS CARRIED FORWARD

434,899

10,314

445,213