REGISTERED COMPANY NUMBER: 05553717 (Englind and Wales) RECISTERED CHARITY NUMBER: 1112670 Report ofthe Trnsttts #Trd UnldIted Flnithekni St*temeDts Tor the Yur Ended 31 MAreh 2022 G. F. FOUNDATION LIMITED Brindley3 Limited 2 Wheeley5 Road Ed8basion Binninghwn West Midlands B152LD
G. F. FOUNDATION LIMITED Contents tsf the Flnaneial StatemeThts ror the Year EDded 31 M•r¢h 21122 Pxge Report of the Trn$tees I to 2 Independent Exmlner'i Report ststement of Flllaneial Attlvltles Statement of Fkn#tsel#l P5110 Notsj to the St#temetsts 6 to 10 DetAllcd St#teffjeD¢ tsf Fltt#ndl Aedvlt
G. F. FOUNDATION Lll¥frrED Report Df the Trustees ftsr the Year Ended 31 March 2022 The trwstees who are also directors of the charity for th¢ purw of the Companies Act 2)6, pr¢s¢nt their rew>rt with the r]nancial Statements of the charity for the year ended 31 March 2022. The tru5ttts have adopfyj the provisions of Accounting and Reporting by Charitics: Stat¢ment of Recomrnended Praciice applicable to charitie5 preparing their accounts in accordallce with the FinaDcial Rerx)rting Stsndard applicabl¢ in the UK aDd Republic of Ireland IFRS 102) (effective I January 20191. OBJECTIVES AND ACTIVITILS Objectives Attd A¢tivlti¢i The Chan'iy is constituted as a company limited by 8U¥t¥ntee. and is therefote govern by a Tn¢rnorarMlum alld articles of association. ACHIEVEMENT AND PERFORMANCE During the year, grants of £58012021.. £13,900) made for buildin8 proJts. Oth¢r 5igDificant donatiotts were mth for Poor, Needy and Elderly £49.207 (2021.. £19,940). Other do11¢)5 and grants £17.602 (2021.. £14,405). Full detai15 of the charity's perfomiance aTe shown on page 4 of the Ounts. In the opinion of th¢ tru5t¢es. the clwi.ty has perforn)ed well during the yeor. FINANCIAL REVIEW During th¢ year, th¢ charity ¢¢iV¢d donatio and investment income totalling £48.504 12021.. £27.165) and paid out grants, donations and other expenses totslling £69,513 {2021.. £57.4541. The net derll after chargin8 overheads was £21,009 {2021.. £30.2891 and this 18 eorried forward the following year. STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is a company limited by guarante¢ it is r¢BiStered with the Charitie5 Commission under the re8iskntion number of 1112670. The trnsiees are appointed by the Board of TrIJe¢S and serve (or five years after which period they m4y Put themselves for re.appointm¢nl. RF.FF.RENCE AND ADLMINISTRATIVE DETAILS Registered CompAny number 05553717 (England and Wal¢s) R¢gl$ter¢d Ch*rlty number 1112670 Regljtered offlee Unit I Century Park Garrison Lane Biryningham B9 4NZ Trustees Shaheed Fazal Director NassiT Gulamabb&s FaTJI Dir¢ Mohammed Gulamabbas Fazal Director Director ecret#ry Stbeed Fazal
G. F. FOUNDATION LIMITED Report of tbe Trusteej for the Year Ended 31 March 21122 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examlner Sallad Sumar ICAEW Brindley5 Litnited 2 Wheeleys Road Edgba5ton Birniingham West Midland8 B15 2LD 0610912022 Approved by or(kr of th¢ Ird of trustees on........................................ . .. aDd si8n¢d on its behalf by.. Shaheed Fa - Tntee
dependeDt Examiner's Report ts the Trustees of G. F. FouDdation Limited IDdependtnt exmlner's report to the trusttes of G. F. Foundtion Littted ('tbe Comp&ny') I report to the charity trustee5 on my examinaiion of the ac¢oullts of the Company for the year ended 31 March 2022. Responsibilities •nd baslj •f report As the charity's trustees of the Company (and aiso its dLrttt0 for the purpises of company law) you are responsible for the preparation of th¢ accouDts in ordanCe with thc r¢quirtMts of the CompleS Act 2¢X)6 ('the 2006 Ad). Having satl8fJed myself that the accounts of the Cornpany are not required to be audited under Part 16 of the 2(X)6 Act and are eligible for indeF¢nd¢nt ¢xatniDatiorL I rew in r¢5ped of my examinalion of your ctMrity'S accounts as GUTi¢d out under section 145 of the Clwiiies Act 2011 {'the 2011 Aci'l. In caryying Out my examination I hav¢ followed the Directions given by the Charity Commis$iott under section 145{5) (b) of the 2011 ACL Independent ey4mlner's itsteme*t I have completed my exarninatio I confirni that no matters have c¢)me to my attention in con[tion with the examination giving m¢ caus¢ to bcli¢v¢'. accounting rwords were not kept in re5ped olth¢ Conyy as Wired by s¢¢tion 386 of the 2Crt)6 Ac¢: or the accounts do not accord with those records. or th¢ accounts do not comply with the accounting requiTem¢nts of section 396 of the 2006 Act other than any requirement that the accounL5 give & true end fair view which is nol a matter copsid¢red as part of an ind¢p¢ndent ¢xamination' or the accounts have Dot beert prepared in aOrdance with the methots gnd principles of the Siat¢ment of Recommended Practice foT accowitinB and ryrting by charities (applicable to chaTiti¢s preparing their accounts in accordanc¢ with thc Financial ReFKtrrting Standgrd applicable in the UK and R¢public of Ireland (FRS 1021). I have no concerns And have come across no oth¢r nmtters in connection with th¢ examination to which 4tt¢ntion should be drawn in this report in order ¢0 ertabl¢ a proper understanding of the accounts to be reached. Sajiad Sumar ICAEW Brindl¢ys Limited 2 Wheeley5 Road Edgbaslon Bimiingham West Midlands B152LD 0610912022 P8g¢ 3
G. F. FOUNDATION LIMITED stateellt of FlllaDcial A¢tivities for the Year Ended 31 Marth 2022 2022 Total fuDd5 2021 Total ftmds funds fijnds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 48.504 26,658 Investment income 507 Total 27,165 EXPENDtTURE ON Charltable actlvltles Educational Assitsnce to Individuals Medical A5SjStan¢¢ to Individuals Assistsnce io Poor. Needy, Elderly and Hom¢l¢ss Grants to Institution5 Grants for Buildirtg Projects Other Donations and Grants 3,878 2,107 19.940 1,538 13,900 14,405 25(1 49207 250 49,207 17,602 17,002 Other 1,686 Total 69JA3 69,513 57.454 NET INCOMEI(EXPENDITURE) (21,009> (21,0091 (30,289) RECONCILIATION OF FUNDS Total fundi brought forwArd 41770 44426 74,715 TOTAL FUIYDS CARRIED FORWARD 21,767 1,650 23,417 44,426 The not&5 fomi partof these finala1 ststcrtthts Pag¢ 4
G. F. FOUNDATION LIMITED Statement ol Finaocial Posilio 31 March 2022 2022 Total nds 2021 Total fimds Not¢5 CURREiYf ASSETS Cash at bank 1.650 23,837 44.846 CREDITORS Amounts falling within one year (4201 (420) 14201 NET CURREKf ASSETS 21.767 1,6YI 23.417 44,426 TOTAL ASSETS LESS CURRENT LIABILITIES 21,767 1.650 23,417 44,426 NET ASSETS 21.767 1,650 23317 44,426 FUNDS Unrestricted funds Restrt¢t¢d fid$ 21,767 1,650 42,776 1,650 TOTAL FUNDS 23,417 44,426 The charitable company is entitled ¢x¢mwion from audit under Section 477 of th¢ Companies Act 2006 for the y¢•r ended 31 mch 2022. The members have not required the company to ¢A>iain an audit of its financial ststem¢uts for the year ended 31 March 2022 in a¢cordanc¢ with S¢¢tiort 476 of the Companies Aci 2(KJ6. The trustees aeknowled8e their responsibilities for (a} ensuring the ¢harit4bl¢ Mparty keeps KuwJDtiD8 recorth ¢omply with Sections 386 and 387 of the Companies Act 2(M)6 and preparing fin8nciul statements which give a true and fair view of the state of affairs of the charitsble ¢ompany as at the end of each financial y¢aT gnd of its surplus or deficit for each financial year in accordance wi(h the requirem¢nts of S¢ctions 394 and 395 and wFLi¢b otherwise cornply with the requirements of the Companies Act 2006 relating to financial statements. so 95 wli¢able to the charitable company. (b) The% financial 5tatem¢nts ve been prepared tll accordance with the provisions applicable to clwitable companies subject to the small companies re8ime. 0610912022 The financid ststements were approv by the BoArd of Tntstees and authori3 for issue on ....................... and were $ign¢d on its behalf by.. Shaheed Fazal - Tnlee The notrs forni part of these finaD¢ial statements Page 5
G. F. FOUNDATION LIMrrED L¥otu to the Financial Statements for the Year Ended 31 Mirch 2012 AccouNfiNG POLICIES Basil of prep4riDg the fin•n¢i*l 5tstements The financial 5taternents of the charitable company, which is a public benefit entity under FRS 102, have been PTepared in accordance with th¢ Chariti¢s SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommendcd Practice applicable w charitie5 prepaTiD8 their ac¢ow)ts in accordance with the Financial Reporting Standord appli¢abl¢ in th¢ UK and Republic of Ireland (FRS 102) (¢ffwtiYe l January 20191,, Financial R¢porting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, aDd the Companies Act 26. Th¢ finaDcial $tat¢m¢nts bav¢ been preparrAI under th¢ histori1 eost convention. All income is reco8nised in the Statement of Financial Activiiies once the charity h&5 ¢ntitlemettt (o the fiJnd& it is probabl¢ th?t th¢ in¢om¢ will be received and the amowil can be measured reliably. Expenditure Liabilities are recognised as expenditure 45 51X)n L% thue is a legai or constrwtive obligatioo ¢ommittin8 the charity. to tha¢ ¢xp¢nditure, it is probable that 8 transfer of economi¢ benefits will be rquired in settlemcnt Jnd th¢ Amouni of the obligation can b¢ m¢a5urcd reliably. Expenditure is accounred for on an awruils basis and has been ¢lassifi¢d under headings that a88regaie all cosi relaied to the cat¢gory. Where costs cannot be directly Jttributed to particular hding5 they haye been 4llocated a¢tiviti¢s on a basis consistent with the us¢ of r¢sources. Taxado The charity is exempt from corporation tax on its thatitabl¢ WiVitiU. Fund ie¢ountln8 Unrestn'cled fvnd5 b¢ u8¢d in g¢¢ordance with the clwitable obj#tiv¢s at the discretion of the trustees. Re$tri¢t¢d fvnds cart ortly be used for particular restrictryj PUTW)5es within the objects of the chaTity. R¢$trictions arise when specified by the donor or when fith(ts are rnised for particular r¢stri¢ted purpose$. Further explanation of th¢ n¥nwe and pwpos¢ of each fund is includ in th¢ ttot¢s to the fmoncial stat¢n]ents. INVESTMENT INCOME 2022 2021 D¢posit a¢¢ount itttere8t 507 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2022 nor for the yehr ended 31 March 2021. Tru$te¢s' ¢sp¢iise8 There were no trUSlets' expenses pwd for the y[ ¢nd¢d 31 March 2022 llor foT the year ended 31 March 2021. Page 6 continued...
G. F. FOUNDATION LIMrrED Notes to the Fin4Dcial Statetllents- Continued for tbe Year Ended 31 March 2022 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnrestriCt Restricted fidS Total fiwds INCOME AND ENDOWMENTS FROM DonatiQDS and legacies 26,658 26.658 Investment incon 507 507 Total 27.165 27.165 EXPENDITURE ON Ch#rlt*ble #ttlvltle$ Educational Assitance to Individuals Medical A5Ststanee to IndividUS Assisiance to Pr, Needy. Eld¢rly and Homeless GTanls to Institutions Grants for Building Pmjects Other Dona¢ions atKI Grattts 3.878 2,107 3,878 2,107 19,940 1.538 13,900 14,405 19,940 1.538 13,900 14.405 Oth¢r 1,686 1.686 TotAI 57,454 57.454 NET INCOMEJ{EXPENDITVRE> (30289) {30,289) RECONCILIATION OF FUNDS Total funds brollgbt forward 73.065 1.650 74,715 TOTAL FUNDS CARRIED FORWARD 42.776 1.650 44,426 Page 7 ontinued...
G. F. FOUNDATION LIMITED Notes to the Fin4Dcial Statements- ¢ODtinued for the Year Ended 31 Mareh 2022 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Accrued expenses 420 420 MOVEMENT IN FUNDS Net Itve]nent in funds At 31.3.22 At 1.4.21 Unrcslrlcted funds Dortations Rw¢iv¢d 42,776 (21,0091 21,767 Restrleted funds Donations Received 1,6511 1,650 TOTAL FUNDS 44.426 (21,)9) 23,417 Nel rnovement it) fun included in the ebove are as follows: lrteominB Resourees e%p¢nded Movement in funds Unrutrl¢t¢d fvnds Donations Received {69,51J) (21,IX19) TOTAL FUNDS (69,5131 (21,009) Ctsmp•r•tlves ftsr movement lfy funds Net movement in At 31.3.21 At 1.4.20 Unreitrlcted Tnd% Donations Received 73,065 {30.289) 42,776 Restrlcted funds Donations Received 1.650 1,650 TOTAL FUNDS 74.715 (30,289) 44,426 Pagc 8 continued...
G. F. FOUNDATION LI1lTED Notes to the FinADcial Statemets- continued for th¢ Year Ended 31 Mvch 2022 MOVEMENT IN FUNDS- contiDued Comparduve net movement in fimds. included iti the above are ¥s follows.. Movement in funds expended UDre5trl¢ted fundi Dotydtions Received 27,165 157.454) (30,289) TOTAL FUNDS 27,165 (57,454) 130.289) A current year 12 month5 aT prioryear 12 months combined w)sition is as follows.. Net verneut in ftmds At 31.3.22 At 1.4.20 Unrestrlcted fund$ Donations Receiyed 73,065 151,298) 21,767 Restricted funds Donations Received 1.650 1.650 TOTAL FUNDS 74,715 (51,2981 23,417 A euTr¢ni y¢ar 12 Months and prior yw 12 months combined n¢t nwv¢ment ID fillmls, in¢lud¢d in the above are ft•llows'. Incomin8 resources Movement in funds ¢xpended Unrestrlcted funds Donations R¢¢¢iYed 75,669 (126,967) 151,298) TOTAL FUNDS 75.669 (126.9671 151,298) continued...
G. F. FOUNDATION LIMITED Notes to tbe FiDaDci81 StAt¢meDts- continuLxI ror the Y¢ar Ended 31 March 2022 RELATED PARTY DISCLOSURES There were no related party transactions for the y¢arended 31 March 2022. Page 10
G. F. FOUNDATION LIMITED Detailed Statement of FatIll Activities fr the Year Ettded 31 Mreh 2022 2022 2021 INCOME AND ENDOWMENTS Donitlons and legicles Donations from Businesses Dollations from Family M¢rnbers Donations from Supporters 31JOI 15380 1,923 21,581 3,915 1,162 26,658 Investment Income D¢posit account interest 507 Tot81 Incomlng resourc 4&504 27.165 EXPEIYDITURE Charltable Aetlyltles Educational Assisiance to Indi vidllals Medi¢al A5$15tanc¢ lo IrHlividu als Assistance to Poor, Needy, Eld ¢rly Hom¢less Gr8nt5 to Institutions Grants for Building Proj¢¢ts Other Donations and Grants 3,878 2,107 19,940 1,538 13.900 14,405 250 49,207 580 17.602 67,639 55,768 Support costs Flnin£e Bank ¢harge8 291 117 Governn¢e eo$ts Sundries Accountancy fees 1,149 420 420 1,583 1,569 Total resou¢9 expended 69J13 57,454 Net eipeDdlture {21,009) (30,289) This pgc d(K5 ttot forni part of the st8bJtory fitiallcial ststemellts Pagell