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2023-03-31-accounts

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Charity registration number 1098822

ORISON CHARITABLE TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

DocuSign Envelope ID: D7C695E3-F6EC-4548-A527-FF302B7F17C2

ORISON CHARITABLE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr Mustafa Hemani Mr Taslim Kanji Mr Mustafa Mohamed Charity number 1098822 Registered office 17 Grassmoor Road Birmigham B38 8BX Auditor Deitch Cooper LLP 3 Hobbs House Harrovian Business Village Bessborough Road Harrow Middlesex HA1 3EX Bankers CAF Bank The Co-operative Bank Plc

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ORISON CHARITABLE TRUST

CONTENTS

Page
Trustees’ report 1-3
Independent auditor's report 4-6
Statement of financial activities 7
Statement of financial position 8
Statement of cash flows 9
Notestothefinancialstatements 10-17

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ORISON CHARITABLE TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Charities Act 2011 and "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 2019).

Objectives and activities

The objects of the Charity are:

Public benefit

The Trustees have complied with their duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance issued by the Charity Commission. The Trustees have considered the general guidance on public benefit issued by the Charity Commission and in particular its supplementary guidance on the advancement of religion for the public benefit in deciding what activities the Charity should undertake.

Activities

The Charity's activity during the period was making grants to various projects within its charitable objectives. These included:

C. Economic uplifting programs

E. Ramadan appeal

Volunteers

The Trustees with to thank all the volunteers who contributed to the charitable activities.

Achievements and performance

Significant activities and achievements against objectives

Total grants towards the achievement of projects selected by the trustees were £1,721 ,459 in 2023 and £2,752,578 in 2022.

The Trustees are happy with the achievement of the charity in its grant making activities.

os

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ORISON CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Financial review

The Charity's principal source of income was unrestricted voluntary donations. Income from donations amounted to £1,840,912 (2022: £2,553,891). Total expenditure on charitable activities amounted to £1,721,459 (2022: £2,752,578). The surplus for the year of £120,053 will be carried forward within unrestricted funds for expenditure on future projects. Total fund balances at 31 March 2023 comprised £723,428 (2022: £603,375). All funds are unrestricted funds and can be used at the discretion of the Trustees.

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 in excess of expected support and governance 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. This level of reserves has been maintained throughout the year.

Major risks

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Risks are reviewed on an ongoing basis.

Plans for future periods

Future plans are for the Charity to continue to provide grants to worldwide projects.

Structure, governance and management

The Charity is an unincorporated charitable trust governed by a declaration of trust dated 10th July 2003 and subsequent deeds of amendment.

The Trustees who served during the year and up to the date of signature of the financial statements were: Mr Mustafa Hemani

Mr Taslim Kanji

Mr Mustafa Mohamed

Recruitment and appointment of trustees

The recruitment and the appointment of the Trustees is governed by the Charity's declaration of trust. None of the Trustees has any beneficial interest in the Charity.

Organisational structure

The Charity trustees are responsible for the general control and management of the Charity. The trustees give their time freely and receive no remuneration or other financial benefits.

The trustees meet together as a body monthly and are responsible for all decisions taken in relation to running the Charity.

ere

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ORISON CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Statement of Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 Charity and of the incoming resources and application of resources of the Charity for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees' report was approved by the Board of Trustees.

ceDocuSigned Molamed.by:

Mr Mustata Mohiamed Trustee

26 January 2024

23s

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ORISON CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF ORISON CHARITABLE TRUST

Opinion

We have audited the financial statements of Orison Charitable Trust (the ‘Charity’) for the year ended 31 March 2023 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ot Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

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ORISON CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ORISON CHARITABLE TRUST

Responsibilities of Trustees

As explained more fully in the statement of Trustees' responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the financial statements to material misstatements including obtaining an understanding of how fraud might occur by making enquiries of management and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls we performed the following procedures:

In response to the risk of irregularities and non-compliance with laws and regulations we designed procedures which included, but were not limited to, agreeing financial statement disclosures to underlying supporting documentation and remaining alert for actual and potential litigation and claims during our other audit procedures. We did not identify any key audit matters relating to irregularities, including fraud.

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DocuSign Envelope ID: D7C695E3-F6EC-4548-A527-FF302B7F17C2

ORISON CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ORISON CHARITABLE TRUST

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in audit procedures performed and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. Auditing standards also limit the audit procedures required to identify noncompliance with laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council's website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Deitch Cooper LLP

26 January 2024

Accountants Statutory Auditor

3 Hobbs House Harrovian Business Village Bessborough Road Harrow Middlesex HA1 3EX

Deitch Cooper LLP is eligible for appointment as auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

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ORISON CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted Unrestricted
funds funds
2023 2022
Notes £ £
Income from:
Donations and legacies 3 1,840,912 2,553,891
Investments 4 600 137
Total income 1,841,512 2,094,028
Charitable activities 1,721,459 2,752,578
Net income/(expenditure) and movement in funds 120,053 (198,550)
Reconciliation of funds:
Fund balances at 1 April 2022 603,375 801,925
Fundbalancesat31March2023 723,428 603,375

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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ORISON CHARITABLE TRUST

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 11 344,178 341,800
Current assets
Debtors 12 66,709 117,194
Cash at bank and in hand 321,803 148,002
388,512 265,196
Creditors: amounts falling due within 13
one year 9,262 3,621
Net current assets 379,250 261,575
Total assets less current liabilities 723,428 603,375
The funds ofthe Charity
Unrestricted funds 723,428 603,375
723,428 603,375

The financial statements were approved by the Trustees on 26 January 2024 aDocuSigned\C coonby: ¢ [fstDocuSigned Molamedby: Mr Taslim56BAD73F227B4FD...Kanji Mr0C35E49D359E4C0...Mustafa Mohamed Trustee Trustee

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DocuSign Envelope ID: D7C695E3-F6EC-4548-A527-FF302B7F17C2

ORISON CHARITABLE TRUST

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2023

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2023|2022| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|generated|from/(absorbed|by)|17| |operations|124,574|(195,604)| |Investing|activities| |Purchase|of tangible|fixed|assets|(2,973)|-| |Proceeds|from|investment|loans|and| |receivables|56,000|20,495| |New|investment|loans|and|receivables|(4,400)|(70,000)| |Investment|income|received|600|137| |Net|cash|generated|from/(used|in)| |investing|activities|49,227|(49,368)| |Net|cash|used|in|financing|activities|-|-| |Net|increase/(decrease)|in|cash|and|cash| |equivalents|173,801|(244,972)| |Cash|and|cash|equivalents|at|beginning|of year|148,002|392,974| |Cash|and|cash|equivalents|at|end|of year|321,803|148,002|

----- End of picture text -----

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DocuSign Envelope ID: D7C695E3-F6EC-4548-A527-FF302B7F17C2

ORISON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Charity information

Orison Charitable Trust is an unincorporated UK registered charity, formed under a trust deed, registered charity number 1098822. The charity is a public benefit entity. The charity address is 8 Colburn Avenue, Pinner, Middlesex, HA5 4PF.

The financial statements have been prepared in accordance with the Charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate bank balances and unrestricted funds to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Income Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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ORISON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

(Continued)

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

The Charity is not VAT registered.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land Not depreciated Computers 20% straight line basis

Freehold land and assets in the course of construction are not depreciated.

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 statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Le

DocuSign Envelope ID: D7C695E3-F6EC-4548-A527-FF302B7F17C2

ORISON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Donations and gifts 1,840,912 2,593,891

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DocuSign Envelope ID: D7C695E3-F6EC-4548-A527-FF302B7F17C2

ORISON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

3 Income from donations and legacies

(Continued)

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Donations and gifts
Unrestricted donations 1,703,250 2,424,492
Gift aid receivable 137,662 129,399
1,840,912 2,553,891
Unrestricted Unrestricted Unrestricted
funds funds
2023 2022
£ £
Interest receivable 600 137
Expenditure on charitable activities
Grants to
projects		 Welfare
support		 Total Grants to
projects		 Welfare
support		 Total
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Direct costs
Grant funding of activities
(see note ) 1,634,796 7,565 1,642,361 2,677,934 6,190 2,684,124
Share ofsupport and governance costs (see note 7)
Support 74,838 - 74,838 56,165 - 56,165
Governance 4,260 - 4,260 12,289 - 12,289
1,713,894 7,565 1,721,459 2,746,388 6,190 2,752,578
Analysis by fund
Unrestrictedfunds 1,713,894 7,565 =1,721,459 2,746,388 6,190 2,752,578

5 Expenditure on charitable activities

6 Description of charitable activities

Grants to projects

Grants to projects includes providing grants and financial assistance towards projects that are within the charitable objects of the Charity. This included Tableegh, relief of poverty, medical and educational support, and grants to needy individuals.

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DocuSign Envelope ID: D7C695E3-F6EC-4548-A527-FF302B7F17C2

ORISON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

6 Description of charitable activities

(Continued)

Welfare support

Welfare support represents the counselling services provided to people (especially women) with a variety of issues in the UK.

7 Support costs allocated to activities

Support costs allocated to activities
2023 2022
£ £
Staff costs 56,496 50,666
Depreciation 595 -
Bank charges 2,619 690
Telephone 1,191 473
Printing, postage and stationery - 360
IT and computer costs 1,557 1,980
Light and heat 1,594 1,996
Travel 10,786 -
Governance costs 4,260 12,289
79,098 68,454
Analysed between:
Grants to projects 79,098 68,454
2023 2022
Governance costs comprise: £ £
Audit fees 4,260 3,600
Legal and professional - 8,689
4,260 12,289

All support costs and governance costs have been allocated to the grant to projects as any welfare support expenditure is treated as a direct cost.

8 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year (2022: Enil).

No trustees claimed expenses or had their expenses met by the charity during the year (2022: Enil).

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DocuSign Envelope ID: D7C695E3-F6EC-4548-A527-FF302B7F17C2

ORISON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

9 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
5 4
Employment costs 2023 2022
£ £
Wagesandsalaries 56,496 50,666

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

  1. Tangible fixed assets
11. Tangible fixed assets
Freehold land Computers Total
£ £ £
Cost
At 1 April 2022 341,800 - 341,800
Additions - 2,973 2,973
At 31 March 2023 341,800 2,973 344,773
Depreciation and impairment
Depreciation charged in the year - 595 595
At 31 March 2023 - 595 595
Carrying amount
At 31 March 2023 341,800 2,378 344,178
At 31 March 2022 341,800 - 341,800
12 Debtors
2023 2022
Amounts falling due within one year: £ £
Otherdebtors 66,709 117,194

Other debtors includes gift aid receivable from HMRC of £41,469 (2022: £47,194).

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DocuSign Envelope ID: D7C695E3-F6EC-4548-A527-FF302B7F17C2

ORISON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

13 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2023 2022
£ £
Other taxation and social security 313 81
Other creditors 4,750 -
Accruals and deferred income 4,199 3,540
9,262 3,621

14 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources At 31 March
2022 resources expended 2023
£ £ £ £
General funds 603,375 1,841,512 (1,721,459) 723,428
Previous year: At 1 April Incoming Resources At 31 March
2021 resources expended 2022
£ £ £ £
Generalfunds 801,925 2,554,028 (2,752,578) 603,375

15 Analysis of net assets between funds

Unrestricted
funds
2023
£
Fund balances at 31 March 2023 are represented by:
Tangible assets 344,178
Current assets/(liabilities) 379,250
723,428

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DocuSign Envelope ID: D7C695E3-F6EC-4548-A527-FF302B7F17C2

ORISON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

15 Analysis of net assets between funds

(Continued)

Unrestricted
funds
2022
£
Fund balances at 31 March 2022 are represented by:
Tangible assets 341,800
Current assets/(liabilities) 261,575
603,375

16 Related party transactions

During the year, prior year loan given to Jaffer Trading Ltd, a company in which a director is the son of a Trustee, was repaid in full. The balance owed at the year end is £nil (2022: £50,000).

17 Cash generated from operations

Cash generated from operations 2023 2022
£ £
Surplus/(deficit) for the year 120,053 (198,550)
Adjustments for:
Investment income recognised in statement of financial activities (600) (137)
Depreciation and impairment oftangible fixed assets 595 -
Movements in working capital:
(Increase)/decrease in debtors (1,115) 13,905
Increase/(decrease) in creditors 5,641 (10,822)
Cashgeneratedfrom/(absorbedby)operations 124,574 (195,604)

18 Analysis of changes in net funds

The Charity had no material debt during the year.

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