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← Teebah Foundation

2024-07-31-accounts

CHARITY COMMISSION FOR ENGLAND AND WALES

Annual Accounts for the period

Charity Name: Teebah Foundation Charity Registration Number: 1116883 Accounting Period: 01/08/2023 - 31/07/2024 Trustee: M A Harrath

SECTION A: STATEMENT OF FINANCIAL ACTIVITIES

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£ £
Income from Donations 183,579.91
And Gift Aid
Expenditure on:
Charitable Activities 30,688.24
Raising Funds 1,215.74
31,903.98
Net Income 151,675.93
Administrative Expenses 3,982.99
Net Movement in Funds 147,692.94
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SECTION B: BALANCE SHEET

Current Assets
Debtors - other charities
Cash at Bank
Current Liabilities
Creditors due within 1 year		 £
£
28,127.52
9054.00
142,057.23
1,937.81
170,184.75
10,991.81
0.00
0.00
Net Assets 170,184.75
10,991.81
Reserve Funds
Funds		 170,184.75
10,991.81
Net Funds 170,184.75
10,991.81

The charity is entitled to exemption from audit for the year ended 31 July 2024 as per Charities Commission guidance.

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and the UK Accounting Standard (UK GAAP).

The financial statements are prepared for each financial year, which give a true and fair view of the state of affairs of the charitable organization. This includes the incoming resources and application of resources, i.e. income and expenditure of the charitable organization for that period. In preparing these financial statements, the trustees are required to select suitable accounting policies and apply them consistently. They should observe the methods and principles in the Charity SORP, which can help to make judgements and estimates that are reasonable and prudent.

The basis of preparing the financial statements is in accordance with the Charities SORP (FRS 102) under provisions of Section 1A ‘Small Entities’ of Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention and accrual accounting.

The financial statements were approved by the trustee and authorised for issue on 31[st] March 2025 and were signed by:

M A Harrath – Trustee / Director

SECTION C: TRUSTEE’S REPORT

M A Harrath (Trustee) held office during the whole of the accounting period to the date of this report, 31[st] March 2025.

The trustee has adopted the provisions of Accounting and Reporting by Charities: Statements of recommended Practice applicable to Charities preparing his Accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (effective 1 January 2015). We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

The trustees have maintained their Mission and Values, in order to achieve their charitable objectives.

The following reviews have taken place and outcomes are satisfied, with policies up to date, in accordance to best practice guidance from the Charities Governance code (7 matters) by Charities Commission and Essential Duties for all trustees, has been maintained.

There are no serious incidents to report.

This report is approved by the trustee, M A Harrath, on behalf of all trustees. Dated 31[st] March 2025.

SECTION D: INDEPENDENT EXAMINER’S REPORT

Independent Examination on the Unaudited Financial Statements of Teebah Foundation for the year ended July 2024. Dated 3rd April 2025

As a Fellow member of the ACCA, I am subject to its ethical and other professional requirements for Good Conduct and as a Member of Good Standing. As per Practice Note 11 of Charities Commission, I have a legal duty as an Independent Examiner to confirm this report to Charities Commission.

The Charity is exempt from an Audit due to its income as well as balance sheet figure, being reported under the required thresholds respectively. In this case, the income is reported under £250,000 and an Independent Examination is required by Charities Commission. Of the nine significant matters, outlined by the governing body as per April 2020 guidance, and the 13 Directions of Reporting (as per CC32), with understanding of Practice Note 11, I have conducted my Independent Examiner’s Report.

There have been no matters of Material Significance, of which there are 9 matters. There are no concerns in the 7 key matters according to Practice Note 11.

The charity is eligible for an Independent Examination. There is no conflict of interest arising as an Examiner. I have checked sufficient records in order the ensure the accounts match with degree of accuracy. There are no Related Party transactions to disclose. With a review of the charity’s financial sustainability and assessment of going concern by the trustees, I am satisfied there are measures in place and are adequate.

In reference to the financial statements provided to me, I observe no significant matters to report. This is on the basis of sufficient information provided to me, in order to arrive at this conclusion. There has been a check on estimates or judgements made for the preparation of accounts and accounting policies have been discussed, which form the content of the accounts. Where there have been instances for further details or an explanation required, this has been met with an acceptable response. The accounts have been prepared with the FRS 102 update.

Taking into account best practices noted above, the Report is finalised with no opinion expressed. I confirm the end of the Independent Examination.

MISBA BEG