Crescent Relief
TRUSTEES ANNUAL REPORT
YEAR ENDING 31[ST] OCTOBER 2022
Crescent Relief (London) 317, Legrams Lane, Bradford, BD7 2HX
| ID | PROJECTS AND DETAILS | LOCATION | STATUS |
|---|---|---|---|
| 1 | Mumta Vocational Institute: Education / Technical & vocational Training for male and female destitute students. |
Mirpur, AJK | 4 Sessions of each course of 3 months are completed during the financial year 21-22. |
| 2 | Income Generating / Self- Reliance |
Azad Jammu Kashmir and Pakistan |
Sewing Machines and tools were provided to Successful, destitute students. Purchased a Fruit cart, relevant fruit to sell for a physically disabled person. Motor bike parts and repair Shop for disabled person. |
| 3 | Immediate & Emergency Relief: Relief for Flood affected families. |
Punjab, Sindh, and Baluchistan Provinces |
Emergency flood relief Provided in three provinces of Pakistan includes food packs, Tents, hygiene kits etc. |
| 4 | Financial Aid Financial Aid to deprived, needy, and deserving persons. |
Azad Jammu Kashmir and Pakistan |
Sadaqa to needy families, Restricted financial aid to poor families. Regular financial support to Widows & Orphans. Education expenses for orphans destitute and Needychildren. |
| 5 | Diagnostic Laboratory | Mumta Lab, within Mumta Welfare Institute, Mirpur, AJK |
This is an ongoing project The Blood Test Laboratory is in operation. The tests are performed free for the deserving people. |
| 6 | Health and safety Clean Water Supply Projects in AJK |
Khad Gujran District Kotli AJK |
projects completed. Bore hole, including pump and pipe fitting and construction of Storage tank completed. |
| 7 | Medical diagnostic camps | Hajira District Sudnutti, Abbaspur District Punch and Forward Kahuta District Havaily |
Blood test camps arranged in Hajira, Abbaspur and Forward Kahuta to help people with medical check-ups to diagnose illnesses at early stages so a cure can beprovided. |
| 8 | Medical Aid Cataract surgery tests. Blood diagnostic tests Camps. Medicines and treatment cost |
Azad Jammu Kashmir and Pakistan |
Financial aid for medical treatment to heart patient, medicines to deserving patients. Wheelchair to disabled persons. 2 Eye camps in District Mirpur with (restricted donations), diagnostic blood tests in Sadnutti, Havaily and Poonch Districts. |
| 9 | Ramadan & Eid Food Package, Fitrana and Aftari |
Neelum, Havaily, Abbaspur, Mirpur in Azad Jammu Kashmir and Kotaddu in Pakistan |
Food Packs were distributed during Ramadan, Arranged Aftaries & Cash Eid Gift (Fitrana) was distributed before Eid day. Eid Gifts on Eid Al-Adha. |
|---|---|---|---|
| 10 | Qurbani / Udhiya | Districts Neelum, Havaily, Bhimber, Mirpur, Kotli, Poonch AJK. District Bahawalpur and Multan in Pakistan |
Qurbani was offered and meat was distributed during three days of Eid Al- Adha. |
| 11 | Mosque Construction, | Districts Neelum | Masjid constructed in District Neelum with restricted donation. |
| 12 | Crescent Relief Trustees and Donor’s visits |
Mirpur Azad Kashmir and Pakistan |
CRL trustees and donors visited Vocational Institute and project sites during financial year 21 - 22. Attached are some images of visits made by our Chairman Mr. M. Rashid, trustee Mr M. Afzal Rehman, trustee Mr. M. Shahzad, trustee Mr Y. Khan and Malik Ghazanfar Ali, Dr ……………………….. some donors. |
| 13 | Qurbani / Udhiya | Rangpur, Bangladesh | Qurbani was offered and meat was distributed during three days of Eid Al-Adha. |
1 - VOCATIONAL INSTITUTE
Unemployment is one of the biggest problems in the Third World, most of the people are unskilled, due to which there is no other source of generating income except labour work. If these youths are taught skills, they may be able to get jobs in various institutions or do small businesses. There are opportunities to acquire skills from the government and in the private institutes for those who could afford to pay the fees, but for those who are poor cannot acquire skills using the same means.
Keeping such conditions in view, we established a vocational Institute in which we have been running courses of information technology, tailoring, dressmaking, beautician courses, and hairdressing.
We were not expecting the level of success that we have had. Many students have achieved jobs in many factories and workshops, and some have successfully started their own businesses. We also provide free machines and other tools to students who were unable to purchase them for themselves.
Some photos of the classes are attached.
1 - MALE COMPUTER CLASSES
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I- FEMALE COMPUTER CLASSES
I- TAILERING AND DRESS MAKING CLASSES Il frl
1 - BEUTITION CLASSES
1 - MALE HAIR DRESSING CLASS
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2 - INCOME GENERATING PROJECTS
We realise that the more we recognise the already downtrodden destitute the more they will be motivated to make a change in their lives by acquiring skills and putting them to use by earning a livelihood. So, when the courses are completed, we hold a ceremony where we give out certificates to those who qualified and give out the sewing machines or similar material to launch them into their n career. This time we also provided a motorbike to a disabled young Abdul Wahab who works as a car mechanic and completed our basic computer course.
3 - IMMEDIATE AND EMMERGENCY RELIEF
We had a flood across Pakistan in 2022. It became the centre of attention of the media of Pakistan due to its magnitude and the damage it caused. We immediately allocated funds and gave instruction to Mumta Welfare association who went into action and moved to South Punjab and Baluchistan and started to give financial aid and food packs.
----- Start of picture text -----
Flood affected families South Punjab, Pakistan
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3 - IMMIDATE AND EMMERGENCY RELIEF For Flood Affected Families, Baluchistan, Pakistan
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3 - IMMIDATE AND EMMERGENCY RELIEF For Flood Affected Families, Sindh, Pakistan
4 - FINANCIAL AID
We have conducted intensive and thorough surveys to sieve out the orphans and widows who are most needy and have little or no means of income. At present, due to restricted funds, we are financially supporting 8 widows and their families and some orphans and their families. We invite and present cheques to them every 4 months.
We regularly receive requests from people for different types of one-off financial support to fund simple wedding ceremonies, start a new business venture e.g., wheel cart(rari) for selling things like fruit or small accessories.
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5 - DIAGNOSTIC (BLOOD AND URINE TEST) LABORATORY
When people consult the doctor, the doctor would normally tell them to have certain tests done in a diagnostic lab and bring the results to the doctor. At this point, most people get stuck as they will not have the financial means to pay for these tests so we decided to install the required machines and instruments and hire the qualified staff to offer these tests to those who cannot afford to have these done. We now do undertake tests for the following: Lipid Profile, Blood CBC, ESR, HBSag, HCV, HIB, MP, Typhoid, H. Pylori, LFTs, RFTs, U. Acid, Blood Sugar, RAF, CRD, ASO, Blood Group, UPT, Urine(R/e), Albumin, Po4, Electrolytes, Calcium, PT APTT, BT CT, OG TT, LDH, CPK, CK-MB, and AST.
6 - CLEAN DRINKING WATER PROJECT
Khad Gujran District Kotli AJK water scheme
Bore hole, including pump and pipe fitting and construction of Storage tank completed.
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7 – MEDICAL DIAGONISTIC CAMPS
One of the problems in far flung areas is that the people don’t know what illness they may have due to which various complication start to arise with time and by the time the person’s symptoms prevent them from living a normal life, it can get too late to cure so we decided to set preventative blood test camps to help people with medical check-ups to catch illnesses at early stages so a cure can be provided.
8 - FREE EYE CAMP (FOR CATRECT SURGERY)
The destitute who have cataract in their eyes and live in remote areas have more than normal challenges in life. Without cleaning the cataract from their eyes, they cannot work or do the day-to-day activities, and this further complicates their life. We held eye camps in various areas like Mirpur, District Poonch and District Havaily. These camps have 2 sessions per camp: first session is to determine if the patient has any contagious illnesses that they may pass on to others and if they are able to have the operation done. The other session is to operate on those who were separated out for that purpose.
9 - RAMADHAN FOOD PACK RELIEF AFTARIES & CASH EID GIFT (FITRANA)
Ramadan is a month where people fast all day and at the end many don’t have enough to eat, and this is a painful experience for children and adults alike. We arranged Aftaris for some of the destitute. Eid celebration are typically a sad reminder to the poor of their plight when they see people with their best clean clothes and shoes and see them going to shops to buy things with the money given to them by their parents and others. We organised and distributed cash gifts for the children etc so that they can also have something to celebrate with.
10 - QURBANI / UDHIYA
There are many areas where the people don’t get to eat meat all year including Eid ul Adha, so we arranged for qurbanis to be done. In 2022, we organised qurbani in various districts and localities e.g., Districts Neelum, Havaily, Bhimber, Mirpur, Kotli, Poonch AJK. District Bahawalpur and Multan in Pakistan.
11 - MASJID AND COMMUNITY CENTRE
Masjid An-Nas and community centre is constructed at Gujjar Banda, District Neelum with restricted donation.
12 - CRESCENT RELIEF TRUSTEES AND DONORS VISIT
We endeavour to have the trustees and donors of CRL visit our Vocational Institute and at project sites to motivate and encourage volunteers to continue their work with passion and sincerity. Attached are some images of visits made by our Chairman Mr. M. Rashid, trustee Mr M. Afzal Rehman, trustee Mr. M. Shahzad, trustee Mr Y. Khan and some donors.
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DocuSign Envelope ID: F01B9FDC-58DC-43AA-9B7A-D890761E8481
Company Registration number: 04084325 Charity Registration number: 1087724
CRESCENT RELIEF (LONDON)
(A Company Limited by Guarantee)
Annual Report and Financial Statements for the Year Ended 31 October 2022
DocuSign Envelope ID: F01B9FDC-58DC-43AA-9B7A-D890761E8481
CRESCENT RELIEF (LONDON) (A Company Limited by Guarantee)
Contents
| Contents | |
|---|---|
| Page | |
| Reference and Administrative Details | 1 |
| Strategic Report | 2 |
| Trustee's Report | 3 |
| Statement of Trustee's Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statement | 8 to 13 |
DocuSign Envelope ID: F01B9FDC-58DC-43AA-9B7A-D890761E8481
CRESCENT RELIEF (LONDON) Reference and Administrative Details
Trustee Mohammed Rashid Principal Office 317 Legrams Lane Bradford BD7 2HX Registered Office 317 Legrams Lane Bradford BD7 2HX Company Registration Number 04084325 Charity Registration Number 1087724 Independent Examiner Tanweer Hussain Update Accountants Limited (Certified Public Accountants) 26 Station Road Manor Park London E12 5BT
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CRESCENT RELIEF (LONDON) Strategic Report for the Year Ended 31 October 2022
The trustee, a director for the purposes of company law, presents his strategic report for the year ended 31 October 2022, in compliance with S414C of the Companies Act 2006.
The strategic report was approved by the member of the charity on 19 July 2023 and signed on its behalf by:
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….................................
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…................................. Mohammed Rashid Trustee
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CRESCENT RELIEF (LONDON) Trustee's Report
The member, a director for the purpose of company law, presents the annual report together with the financial statement of the charitable company for the year ended 31 October 2022.
Objectives and activities
Public benefits
Activities undertaken to further public benefit
The member confirms that he has complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Structure, governance and management Financial instruments
Objectives and policies
The charity's activities expose to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustee, which provide written principles of the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes
Cash flow risk
The charity's activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credit risk
The charity's principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net allowances for doubtful receivables. An allowance for impairment is make where there is an identified loss event which, based on previous experience, is evidence of a deduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are bank with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are variable for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.
Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
The annual report was approved by the member of the charity on 19 July 2023 and signed by on its behalf by:
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…...................................
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…................................... Mohammed Rashid Trustee
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CRESCENT RELIEF (LONDON)
Statements of Trustee's Responsibilities
The trustee (who is also the director of Crescent Relief (London) for the purposes of company law) is responsible for preparing the trustee's report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the member to prepare financial statements for each financial year. Under company law the member must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the member is required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The member is responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is 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.
Approved by the member of the charity on 19 July 2023 and signed on its behalf by:
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…...................................
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…................................... Mohammed Rashid Trustee
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CRESCENT RELIEF (LONDON) Independent Examiner's Report
I report on the accounts of the charity for the year ended 31 October 2022 which are set on pages 6 to 13.
Respective responsibilities of trustee and examiner
The trustee (who is also the director of the company for the purposes of company law) is responsible for the preparation of the accounts. The trustee considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examiner is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as member concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of
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- Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
………………………………………………………………… Tanweer Hussain, B.Com, ACPA
(On & For Behalf Of UPDATE ACCOUNTANTS LIMITED)
Date: 19 July 2023
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CRESCENT RELIEF (LONDON)
Statement of Financial Activities for the Year Ended 31 October 2022
(Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Total Income Expenditure On: Raising funds Charitable activities 4 Total Expenditure Net income Reconciliation of funds Total funds carried forward 13 Note Income and Endowments from: Donations and legacies 3 Total Income Expenditure On: Raising funds Charitable activities 4 Total Expenditure Net income Reconciliation of funds Total funds carried forward 13 |
Unrestricted funds £ 113,970 113,970 (90,456) (73) (90,529) 23,441 (23,441) Unrestricted funds £ 113,161 113,161 (80,954) (89) (81,043) 32,118 (32,118) |
Total 2022 £ 113,970 113,970 (90,456) (73) (90,529) 23,441 (23,441) Total 2021 £ 113,161 113,161 (80,954) (89) (81,043) 32,118 (32,118) |
|---|---|---|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 13.
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CRESCENT RELIEF (LONDON)
(Registration number: 04084325) Balance Sheet as at 31 October2022
| Note Fixed assets Tangible assets 10 Current assets Cash at bank and in hand Creditors: Amount falling due within one year 11 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Other reserves Total unrestricted funds Total funds 13 |
2022 £ 335 118,728 (2,164) 116,564 116,899 23,441 93,458 116,899 116,899 |
2021 £ 408 93,400 (350) 93,050 93,458 32,118 61,340 93,458 93,458 |
|---|---|---|
The financial statements on pages 6 to 15 were approved by the trustees, and authorised on 19 July 2023 and signed on their behalf by:
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….....................................
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…..................................... Mohammed Rashid Trustee
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Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2021
1 Charity status
The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustee is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appliable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Crescent Relief (London) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost of transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustee consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Exemption from preparing a cash flow statement
The Charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in witing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly withing the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.
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Crescent Relief (London) Notes to the Financial Statements for the Year Ended 31 October 2021
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustee's meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income of capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction cost. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statements of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund Structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
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Crescent Relief (London) Notes to the Financial Statements for the Year Ended 31 October 2021
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an agreement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settle, b) the charity transfers to another party substantially all of the risks and rewards of ownership or the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
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Crescent Relief (London) Notes to the Financial Statements for the Year Ended 31 October 2021
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instrument, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference share and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measure at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
Derivative financial statements
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or less is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
3 Income from donations and legacies
| Donations from individuals 4 Expenditure on charitable activities Note Governance costs 5 |
Unrestricted funds General £ 113,970 Unrestricted funds General £ 73 |
Total 2022 £ 113,970 Total 2022 £ 73 |
Total 2021 £ 113,161 Total 2021 £ 89 |
|---|---|---|---|
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Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2021
| 5 Analysis of governance and support costs Unrestricted funds Governance costs General £ Depreciation, amortisation and similar costs 73 Other governance costs 0 73 6 Net incoming/outgoing resources Net incoming resources for the year include: Depreciation of fixed assets 7 Trustee remuneration and expenses 8 Staff costs The average payroll costs are as follows: Staff costs during the year were: Staff wages and PAYE No employee received emoluments of more than £60,000 during the year. |
Total 2022 £ 73 0 73 2022 £ 73 2022 £ 10,030 |
Total 2021 £ 89 0 89 2021 £ 89 2021 £ 7,243 |
|---|---|---|
9 Taxation
The charity is registered charity and is therefore exempt from taxation.
| 10 Tangible fixed assets Furniture and equipment £ Cost At 10,332 At 10,332 Depreciation At 9,924 Charge for the year 73 At 9,997 Net book value At 335 At 408 31 October 2022 31 October 2021 1 November 2021 31 October 2022 1 November 2021 31 October 2022 |
Total £ 10,332 10,332 9,924 73 9,997 335 408 |
|---|---|
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Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2021
11 Creditors: amounts falling due within one year
| Accruals 12 Reserves At 13 Funds Incoming resources Unrestricted funds £ General (113,970) Incoming resources Unrestricted funds £ General (113,161) 14 Analysis of net assets between funds Tangible fixed assets Current assets Current liabilities Total net assets 15 Analysis of net funds At 1 November 2021 £ Cash at bank and in hand 93,400 Net debt 93,400 1 November 2021 |
2022 £ 2,164 Other reserves £ (93,458) Resources expended £ 90,529 Resources expended £ 81,043 Unrestricted funds General £ 335 118,728 (2,164) 116,899 Cash flow £ 23,499 23,499 |
2021 £ 350 Total £ (93,458) Balance at 31 October 2022 £ (23,441) Balance at 31 October 2021 £ (32,118) Total funds £ 335 118,728 (2,164) 116,899 At 31 October 2022 £ 116,899 116,899 |
|---|---|---|
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Company Registration number: 04084325 Charity Registration number: 1087724
CRESCENT RELIEF (LONDON)
(A Company Limited by Guarantee)
Annual Report and Financial Statements for the Year Ended 31 October 2022
DocuSign Envelope ID: F01B9FDC-58DC-43AA-9B7A-D890761E8481
CRESCENT RELIEF (LONDON) (A Company Limited by Guarantee)
Contents
| Contents | |
|---|---|
| Page | |
| Reference and Administrative Details | 1 |
| Strategic Report | 2 |
| Trustee's Report | 3 |
| Statement of Trustee's Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statement | 8 to 13 |
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CRESCENT RELIEF (LONDON) Reference and Administrative Details
Trustee Mohammed Rashid Principal Office 317 Legrams Lane Bradford BD7 2HX Registered Office 317 Legrams Lane Bradford BD7 2HX Company Registration Number 04084325 Charity Registration Number 1087724 Independent Examiner Tanweer Hussain Update Accountants Limited (Certified Public Accountants) 26 Station Road Manor Park London E12 5BT
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CRESCENT RELIEF (LONDON) Strategic Report for the Year Ended 31 October 2022
The trustee, a director for the purposes of company law, presents his strategic report for the year ended 31 October 2022, in compliance with S414C of the Companies Act 2006.
The strategic report was approved by the member of the charity on 19 July 2023 and signed on its behalf by:
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…................................. Mohammed Rashid Trustee
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CRESCENT RELIEF (LONDON) Trustee's Report
The member, a director for the purpose of company law, presents the annual report together with the financial statement of the charitable company for the year ended 31 October 2022.
Objectives and activities
Public benefits
Activities undertaken to further public benefit
The member confirms that he has complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Structure, governance and management Financial instruments
Objectives and policies
The charity's activities expose to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustee, which provide written principles of the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes
Cash flow risk
The charity's activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credit risk
The charity's principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net allowances for doubtful receivables. An allowance for impairment is make where there is an identified loss event which, based on previous experience, is evidence of a deduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are bank with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are variable for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.
Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
The annual report was approved by the member of the charity on 19 July 2023 and signed by on its behalf by:
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…................................... Mohammed Rashid Trustee
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CRESCENT RELIEF (LONDON)
Statements of Trustee's Responsibilities
The trustee (who is also the director of Crescent Relief (London) for the purposes of company law) is responsible for preparing the trustee's report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the member to prepare financial statements for each financial year. Under company law the member must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the member is required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The member is responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is 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.
Approved by the member of the charity on 19 July 2023 and signed on its behalf by:
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…................................... Mohammed Rashid Trustee
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CRESCENT RELIEF (LONDON) Independent Examiner's Report
I report on the accounts of the charity for the year ended 31 October 2022 which are set on pages 6 to 13.
Respective responsibilities of trustee and examiner
The trustee (who is also the director of the company for the purposes of company law) is responsible for the preparation of the accounts. The trustee considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examiner is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as member concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of
-
- Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
………………………………………………………………… Tanweer Hussain, B.Com, ACPA
(On & For Behalf Of UPDATE ACCOUNTANTS LIMITED)
Date: 19 July 2023
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CRESCENT RELIEF (LONDON)
Statement of Financial Activities for the Year Ended 31 October 2022
(Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Total Income Expenditure On: Raising funds Charitable activities 4 Total Expenditure Net income Reconciliation of funds Total funds carried forward 13 Note Income and Endowments from: Donations and legacies 3 Total Income Expenditure On: Raising funds Charitable activities 4 Total Expenditure Net income Reconciliation of funds Total funds carried forward 13 |
Unrestricted funds £ 113,970 113,970 (90,456) (73) (90,529) 23,441 (23,441) Unrestricted funds £ 113,161 113,161 (80,954) (89) (81,043) 32,118 (32,118) |
Total 2022 £ 113,970 113,970 (90,456) (73) (90,529) 23,441 (23,441) Total 2021 £ 113,161 113,161 (80,954) (89) (81,043) 32,118 (32,118) |
|---|---|---|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 13.
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CRESCENT RELIEF (LONDON)
(Registration number: 04084325) Balance Sheet as at 31 October2022
| Note Fixed assets Tangible assets 10 Current assets Cash at bank and in hand Creditors: Amount falling due within one year 11 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Other reserves Total unrestricted funds Total funds 13 |
2022 £ 335 118,728 (2,164) 116,564 116,899 23,441 93,458 116,899 116,899 |
2021 £ 408 93,400 (350) 93,050 93,458 32,118 61,340 93,458 93,458 |
|---|---|---|
The financial statements on pages 6 to 15 were approved by the trustees, and authorised on 19 July 2023 and signed on their behalf by:
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…..................................... Mohammed Rashid Trustee
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Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2021
1 Charity status
The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustee is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appliable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Crescent Relief (London) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost of transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustee consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Exemption from preparing a cash flow statement
The Charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in witing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly withing the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.
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Crescent Relief (London) Notes to the Financial Statements for the Year Ended 31 October 2021
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustee's meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income of capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction cost. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statements of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund Structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
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Crescent Relief (London) Notes to the Financial Statements for the Year Ended 31 October 2021
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an agreement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settle, b) the charity transfers to another party substantially all of the risks and rewards of ownership or the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
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Crescent Relief (London) Notes to the Financial Statements for the Year Ended 31 October 2021
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instrument, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference share and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measure at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
Derivative financial statements
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or less is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
3 Income from donations and legacies
| Donations from individuals 4 Expenditure on charitable activities Note Governance costs 5 |
Unrestricted funds General £ 113,970 Unrestricted funds General £ 73 |
Total 2022 £ 113,970 Total 2022 £ 73 |
Total 2021 £ 113,161 Total 2021 £ 89 |
|---|---|---|---|
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Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2021
| 5 Analysis of governance and support costs Unrestricted funds Governance costs General £ Depreciation, amortisation and similar costs 73 Other governance costs 0 73 6 Net incoming/outgoing resources Net incoming resources for the year include: Depreciation of fixed assets 7 Trustee remuneration and expenses 8 Staff costs The average payroll costs are as follows: Staff costs during the year were: Staff wages and PAYE No employee received emoluments of more than £60,000 during the year. |
Total 2022 £ 73 0 73 2022 £ 73 2022 £ 10,030 |
Total 2021 £ 89 0 89 2021 £ 89 2021 £ 7,243 |
|---|---|---|
9 Taxation
The charity is registered charity and is therefore exempt from taxation.
| 10 Tangible fixed assets Furniture and equipment £ Cost At 10,332 At 10,332 Depreciation At 9,924 Charge for the year 73 At 9,997 Net book value At 335 At 408 31 October 2022 31 October 2021 1 November 2021 31 October 2022 1 November 2021 31 October 2022 |
Total £ 10,332 10,332 9,924 73 9,997 335 408 |
|---|---|
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Crescent Relief (London)
Notes to the Financial Statements for the Year Ended 31 October 2021
11 Creditors: amounts falling due within one year
| Accruals 12 Reserves At 13 Funds Incoming resources Unrestricted funds £ General (113,970) Incoming resources Unrestricted funds £ General (113,161) 14 Analysis of net assets between funds Tangible fixed assets Current assets Current liabilities Total net assets 15 Analysis of net funds At 1 November 2021 £ Cash at bank and in hand 93,400 Net debt 93,400 1 November 2021 |
2022 £ 2,164 Other reserves £ (93,458) Resources expended £ 90,529 Resources expended £ 81,043 Unrestricted funds General £ 335 118,728 (2,164) 116,899 Cash flow £ 23,499 23,499 |
2021 £ 350 Total £ (93,458) Balance at 31 October 2022 £ (23,441) Balance at 31 October 2021 £ (32,118) Total funds £ 335 118,728 (2,164) 116,899 At 31 October 2022 £ 116,899 116,899 |
|---|---|---|
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