``` REGISTERED CHARITY NUMBER: 1069509 ``` ## **`REPORT OF THE TRUSTEES AND`** ``` UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ``` ## **`FOR`** ## **`THE TRS FOUNDATION`** ``` Mehta & Tengra Chartered Accountants ``` ``` 9 Berners Place London W1T 3AD ``` ``` THE TRS FOUNDATION ``` ``` CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ``` ||**`Page`**| |---|---| |**`Report of the Trustees`**|`1 to 2`| |**`Independent Examiner's Report`**|`3`| |**`Statement of Financial Activities`**|`4`| |**`Balance Sheet`**|`5`| |**`Cash Flow Statement`**|`6`| |**`Notes to the Cash Flow Statement`**|`7`| |**`Notes to the Financial Statements`**|`8 to 13`| |**`Detailed Statement of Financial Activities`**|`14`| ``` THE TRS FOUNDATION ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 ``` ``` Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended 31December2022.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities: StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` The object of the charity is to promote such object as are now or may hereafter be deemed by law to be charitable. ``` ## **`ACHIEVEMENT AND PERFORMANCE`** ## **`Charitable activities`** ``` The main charitable activities are: ``` ## **`1. Overseas/UK aid for advancement of education and health`** ``` The TRS Foundationcontributed£1,000to Learningfor Lifewhoseprimaryobjectiveis to assistSouth Asia`s most marginalized population to gain access to education, health & employment. ``` ## **`2. Advancement of community development`** ``` TheTRSFoundationcontributed£5,000toIslamicReliefwhichpromotessustainableeconomic& social development by working with local communities, regardless of race religion or gender. ``` ``` The TRS Foundationcontributed£5000to The LadyFatemahCharitableTrustwhoseprimaryobjectiveis to empower whole communities in the world's poorest places to transform their life chances. ``` ## **`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`** ``` Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandto ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ``` ``` Thetrusteeshaveunrestrictedpowersofinvestingandtransposinginvestmentsinallrespectasifthey are absolutely entitled to the trust fund beneficially. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`** ``` 1069509 ``` ## **`Principal address`** ``` Southbridge way Southall Middlesex UB2 4AX ``` ``` Page 1 ``` ``` THE TRS FOUNDATION ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022`** ## **`Trustees`** ``` F T Suterwalla H T Suterwalla M T Suterwalla S T Suterwalla I T Suterwalla ``` ## **`Independent Examiner`** ``` Perosha B Tengra Chartered Accountant Mehta & Tengra Chartered Accountants 9 Berners Place London W1T 3AD ``` ## **`CHARITY COMMISSIONERS GUIDE ON PUBLIC BENEFIT`** ``` ThetrusteeshavepaiddueregardtothecharitycommissionersguidanceonPublicBenefitindeciding what activities the charity should undertake. ``` ``` Approved by order of the board of trustees on 13 March 2023 and signed on its behalf by: ``` ``` F T Suterwalla - Trustee ``` ``` Page 2 ``` ``` INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE TRS FOUNDATION ``` ## **`Independent examiner's report to the trustees of The TRS Foundation`** ``` I report to the charitytrusteeson my examinationof the accountsof The TRS Foundation(the Trust) for the year ended 31 December 2022. ``` ## **`Responsibilities and basis of report`** ``` As the charity trustees of the Trust you are responsiblefor the preparationof the accountsin accordancewith the requirements of the Charities Act 2011 ('the Act'). ``` ``` IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActand in carryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommission under section 145(5)(b) of the Act. ``` ## **`Independent examiner's statement`** ``` Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentionin connection with the examination giving me cause to believe that in any material respect: ``` `1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.` ``` I have no concerns and have come across no other matters in connectionwith the examinationto which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` Perosha B Tengra Chartered Accountant Mehta & Tengra Chartered Accountants 9 Berners Place London W1T 3AD ``` ``` 13 March 2023 ``` ``` Page 3 ``` ``` THE TRS FOUNDATION ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022`** |**`2022`**
**`Unrestricted`**
**`funds`**
`Notes`
**`£`**
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
**`25,000`**
`Investment income`
`3`
**`69`**
**`Total`**
**`25,069`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`4`
`The Lady Fatemah (a.s) Charitable Trust`
**`5,000`**
`Graham Layton Trust`
**`1,000`**
`Islamic Relief`
**`5,000`**
`BW Foundation`
**`5,000`**
`Learning for Life UK`
**`1,000`**
`Unicef UK`
**`1,000`**
`Save the Children`
**`-`**
`Clayhall Community Centre`
**`1,000`**
`Governance cost`
**`900`**
`British Asian Trust`
**`-`**
`Muslim Aid`
**`-`**
`Muslim Hands UK`
**`-`**
`Human Appeals`
**`-`**
`Association of NHS Charities`
**`-`**
`Action aid`
**`-`**
`Al Khair Foundation`
**`-`**
`Other`
**`12`**
**`Total`**
**`19,912`**
**`NET INCOME/(EXPENDITURE)`**
**`5,157`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`11,191`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`16,348`**|`2021`
`Total`
`funds`
`£`
`-`
`91`
`91`
`2,000`
`-`
`1,000`
`-`
`1,000`
`1,000`
`1,000`
`-`
`(3,900)`
`1,000`
`1,000`
`1,000`
`1,000`
`1,000`
`1,000`
`1,000`
`31`
`9,131`
`(9,040)`
`20,231`
`11,191`| |---|---| ``` The notes form part of these financial statements ``` ``` Page 4 ``` ``` THE TRS FOUNDATION ``` ## **`BALANCE SHEET 31 DECEMBER 2022`** |**`2022`**
**`Unrestricted`**
**`funds`**
`Notes`
**`£`**
**`CURRENT ASSETS`**
`Cash at bank`
**`19,228`**
**`CREDITORS`**
`Amounts falling due within one year`
`9`
**`(2,880)`**
**`NET CURRENT ASSETS`**
**`16,348`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`16,348`**
**`NET ASSETS`**
**`16,348`**
**`FUNDS`**
`10`
`Unrestricted funds`
**`16,348`**
**`TOTAL FUNDS`**
**`16,348`**|`2021`
`Total`
`funds`
`£`
`13,171`
`(1,980)`
`11,191`
`11,191`| |---|---| ||`11,191`| ||`11,191`
`11,191`| ``` The financialstatementswere approved by the Board of Trustees and authorisedfor issue on 13 March 2023 and were signed on its behalf by: ``` ``` F T Suterwalla - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 5 ``` ``` THE TRS FOUNDATION ``` ## **`CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022`** |`Notes`
**`Cash flows from operating activities`**
`Cash generated from operations`
`1`
`Net cash provided by/(used in) operating activities`
**`Cash flows from investing activities`**
`Interest received`
`Net cash provided by investing activities`
**`Change in cash and cash equivalents in`**
**`the reporting period`**
**`Cash and cash equivalents at the`**
**`beginning of the reporting period`**
**`Cash and cash equivalents at the end of`**
**`the reporting period`**|**`2022`**
**`£`**
**`5,988`**
**`5,988`**
**`69`**
**`69`**
**`6,057`**
**`13,171`**
**`19,228`**|`2021`| |---|---|---| |||`£`| |||`(14,831)`
`(14,831)`
`91`
`91`
`(14,740)`
`27,911`
`13,171`| ``` The notes form part of these financial statements ``` ``` Page 6 ``` ``` THE TRS FOUNDATION ``` ## **`NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022`** ## **`1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES`** |**`ACTIVITIES`**||| |---|---|---| |**`Net income/(expenditure) for the reporting period (as per the`**
**`Statement of Financial Activities)`**
**`Adjustments for:`**
`Interest received`
`Increase/(decrease) in creditors`
**`Net cash provided by/(used in) operations`**|**`2022`**
**`£`**
**`5,157`**
**`(69)`**
**`900`**
**`5,988`**|`2021`| |||`£`
`(9,040)`
`(91)`
`(5,700)`
`(14,831)`| ## `2.` **`ANALYSIS OF CHANGES IN NET FUNDS`** ||`At 1.1.22`|`Cash flow`|**`At 31.12.22`**| |---|---|---|---| ||`£`|`£`|**`£`**| |**`Net cash`**|||| |`Cash at bank`|**`13,171`**|**`6,057`**|**`19,228`**| ||**`13,171`**|**`6,057`**|**`19,228`**| |**`Total`**|**`13,171`**|**`6,057`**|**`19,228`**| ``` The notes form part of these financial statements ``` ``` Page 7 ``` ``` THE TRS FOUNDATION ``` ``` NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` The financialstatementsof the charity,which is a public benefit entity under FRS 102, have been prepared inaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)', FinancialReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republic of Ireland'and the CharitiesAct 2011. The financialstatementshave been prepared under the historical cost convention. ``` ``` There havebeen no changesto accountingpoliciessincelastyear nor havebeen any changesto accounts for previous years. ``` ## **`Income`** ``` AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesare recognisedasexpenditureassoonasthereis a legalor constructiveobligation committing thecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequired in settlementand the amount of the obligationcan be measuredreliably.Expenditureis accountedfor on an accrualsbasis and has been classifiedunder headings that aggregate all cost related to the category. Where costscannotbe directlyattributedto particularheadingstheyhavebeen allocatedto activitieson a basis consistent with the use of resources. ``` ``` Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a commitment but not accrued as expenditure. ``` ## **`Taxation`** ``` The charity is exempt from tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial statements. ``` ``` continued... ``` ``` Page 8 ``` ``` THE TRS FOUNDATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`** |**`2.`**
**`DONATIONS AND LEGACIES`**
`Donations`
**`3.`**
**`INVESTMENT INCOME`**
`Bank deposit interest`
**`4.`**
**`CHARITABLE ACTIVITIES COSTS`**
`The Lady Fatemah (a.s) Charitable`
`Trust`
`Graham Layton Trust`
`Islamic Relief`
`BW Foundation`
`Learning for Life UK`
`Unicef UK`
`Clayhall Community Centre`
`Governance cost`
**`5.`**
**`GRANTS PAYABLE`**
`The Lady Fatemah (a.s) Charitable Trust`
`Graham Layton Trust`
`Islamic Relief`
`BW Foundation`
`Learning for Life UK`
`Unicef UK`
`Save the Children`
`Clayhall Community Centre`
`British Asian Trust`
`Muslim Aid`
`Muslim Hands UK`
`Human Appeals`
`Association of NHS Charities`
`Action aid`
`Al Khair Foundation`|`Grant`
`funding of`
`activities`
`(see note`
`5)`
`£`
**`5,000`**
**`1,000`**
**`5,000`**
**`5,000`**
**`1,000`**
**`1,000`**
**`1,000`**
**`-`**
**`19,000`**|**`2022`**
**`£`**
**`25,000`**
**`2022`**
**`£`**
**`69`**
`Support`
`costs (see`
`note 6)`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`900`**
**`900`**
**`2022`**
**`£`**
**`5,000`**
**`1,000`**
**`5,000`**
**`5,000`**
**`1,000`**
**`1,000`**
**`-`**
**`1,000`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`19,000`**||| |---|---|---|---|---| |||||`2021`| |||||`£`| |||||`-`| |||||| |||||| |||||`2021`| |||||`£`| |||||`91`| |||||| ||||`Totals`
`£`
**`5,000`**
**`1,000`**
**`5,000`**
**`5,000`**
**`1,000`**
**`1,000`**
**`1,000`**
**`900`**
**`19,900`**|| ||||`2021`|| ||||`£`
`2,000`
`-`
`1,000`
`-`
`1,000`
`1,000`
`1,000`
`-`
`1,000`
`1,000`
`1,000`
`1,000`
`1,000`
`1,000`
`1,000`
`13,000`|| ``` continued... ``` ``` Page 9 ``` ``` THE TRS FOUNDATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`** ## **`5. GRANTS PAYABLE - continued`** ``` The total grants paid to institutions during the year was as follows: ``` |
`Graham Layton Trust`
`The Lady Fatemah (a.s) Charitable Trust`
`Islamic Relief`
`BW Foundation`
`Learning for Life UK`
`Unicef UK`
`Save the Children`
`Clayhall Community Centre`
`British Asian Trust`
`Muslim Aid`
`Muslim Hands UK`
`Human Appeals`
`Association of NHS Charities`
`Action aid`
`Al Khair Foundation`|**`2022`**
**`£`**
**`1,000`**
**`5,000`**
**`5,000`**
**`5,000`**
**`1,000`**
**`1,000`**
**`-`**
**`1,000`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`19,000`**|`2021`| |---|---|---| |||`£`
`-`
`2,000`
`1,000`
`-`
`1,000`
`1,000`
`1,000`
`-`
`1,000`
`1,000`
`1,000`
`1,000`
`1,000`
`1,000`
`1,000`
`13,000`| ## **`6. SUPPORT COSTS`** |**`SUPPORT COSTS`**|| |---|---| ||`Governance`| ||`costs`| ||`£`| |`Governance cost`|**`900`**| ## **`7. TRUSTEES' REMUNERATION AND BENEFITS`** ``` There were no trustees'remunerationor other benefitsfor the year ended 31 December2022 nor for the year ended 31 December 2021. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31December2022norfortheyear ended 31 December 2021. ``` ``` continued... ``` ``` Page 10 ``` ``` THE TRS FOUNDATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`** ## **`8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**||| |---|---|---| ||`Unrestricted`|| ||`funds`|| ||`£`|| |**`INCOME AND ENDOWMENTS FROM`**||| |`Investment income`|`91`|| |**`EXPENDITURE ON`**||| |**`Charitable activities`**||| |`The Lady Fatemah (a.s) Charitable Trust`|`2,000`|| |`Islamic Relief`|`1,000`|| |`Learning for Life UK`|`1,000`|| |`Unicef UK`|`1,000`|| |`Save the Children`|`1,000`|| |`Governance cost`|`(3,900)`|| |`British Asian Trust`|`1,000`|| |`Muslim Aid`|`1,000`|| |`Muslim Hands UK`|`1,000`|| |`Human Appeals`|`1,000`|| |`Association of NHS Charities`|`1,000`|| |`Action aid`|`1,000`|| |`Al Khair Foundation`|`1,000`|| |`Other`|`31`|| |**`Total`**|`9,131`|| |**`NET INCOME/(EXPENDITURE)`**|`(9,040)`|| |**`RECONCILIATION OF FUNDS`**||| |**`Total funds brought forward`**|`20,231`|| |**`TOTAL FUNDS CARRIED FORWARD`**|`11,191`|| |||| ``` continued... ``` ``` Page 11 ``` ``` THE TRS FOUNDATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`** ## **`9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |`Other creditors`
**`10.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Comparative net movement in funds, included in the above are as`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|**`2022`**
`2021`
**`£`**
`£`
**`2,880`**
`1,980`
`Net`
`movement`
`At`
`At 1.1.22`
`in funds`
`31.12.22`
`£`
`£`
`£`
**`11,191`**
**`5,157`**
**`16,348`**
**`11,191`**
**`5,157`**
**`16,348`**
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
**`25,069`**
**`(19,912)`**
**`5,157`**
**`25,069`**
**`(19,912)`**
**`5,157`**
`Net`
`movement`
`At`
`At 1.1.21`
`in funds`
`31.12.21`
`£`
`£`
`£`
`20,231`
`(9,040)`
`11,191`
`20,231`
`(9,040)`
`11,191`
`follows:`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`91`
`(9,131)`
`(9,040)`
`91`
`(9,131)`
`(9,040)`||`2021`
`£`| |---|---|---|---| ||||`1,980`| ||||| ``` continued... ``` ``` Page 12 ``` ``` THE TRS FOUNDATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`** ## **`10. MOVEMENT IN FUNDS - continued`** ``` A current year 12 months and prior year 12 months combined position is as follows: ``` |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At`
`At 1.1.21`
`in funds`
`31.12.22`
`£`
`£`
`£`
`20,231`
`(3,883)`
`16,348`
`20,231`
`(3,883)`
`16,348`|`Net`
`movement`
`At`
`At 1.1.21`
`in funds`
`31.12.22`
`£`
`£`
`£`
`20,231`
`(3,883)`
`16,348`
`20,231`
`(3,883)`
`16,348`| |---|---|---| |||`16,348`| ``` Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedin the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`25,160`
`(29,043)`
`(3,883)`
`25,160`
`(29,043)`
`(3,883)`| |---|---| ## **`11. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 31 December 2022. ``` ``` Page 13 ``` ``` THE TRS FOUNDATION ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022`** |`2022`
`£`
**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
**`25,000`**
**`Investment income`**
`Bank deposit interest`
**`69`**
**`Total incoming resources`**
**`25,069`**
**`EXPENDITURE`**
**`Charitable activities`**
`Grants to organisations`
**`19,000`**
**`Other`**
`Bank charges`
**`12`**
**`Support costs`**
**`Governance costs`**
`Overprovision of accountancy`
**`-`**
`Accountancy`
**`900`**
**`900`**
`Total resources expended`
**`19,912`**
**`Net income/(expenditure)`**
**`5,157`**|`2021`
`£`
`-`
`91`
`91`
`13,000`
`31`
`(4,800)`
`900`
`(3,900)`
`9,131`
`(9,040)`| |---|---| ``` This page does not form part of the statutory financial statements ``` ``` Page 14 ```