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2020-12-31-accounts

ANNUAL REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 FOR GOREEB & YATEEM TRUST FUND CHARITY REG: 1122271 TJt]RE ANNUAL REPORT WHEEL IKREE:1122 2020 Tel.. 0207 247 8245 259 (2nd Flood) Whitechapl Road London. El IDB Email: info@goreebfund.com Web: www.goreebfund.com

ABOUT US AsSalatnual&ikum Warahmthiiahl wabèraka￿h Dèar brothèr8 and 1Ètèi, My Trame 15 s￿ikh Saleh Ahftd Hamidi, In ?￿7. rny vdrfe I werfr in White¢hgpd. London Whllst ÈhDPPiW a Por8￿ gppioach8d ffl and statèd Ihat Ihèy m2 ¥Bry well and ihai ihey watch my PTQg14tnme$ OD TV regularfy. They 1￿ hAndbd tsv8r otnè IllJn@y 8nd r4quDStsd th•1 I donal6 thls ijn thgli b•hall In Banglatssh. I was ￿d￿Ing as lowh&l16hould doand d￿ld•d not to put ￿￿Th•Y In g p•i¥on$l •¢¢ouni tynd IMpul￿v01Y da￿ded to èTrièr Ihè HS8C brknch on Whilechapèl Road ILoThlonl And opèn An account Ih Ihv nFm'Goivvb wnd Y8lTrym Trus1 Fund, To my BuFprW And a& dayg paggèd Iha Amount kèpt on Incfeasiw al which polnl I decid&d to rogl8l•r Ihe chqrltywith t￿ Chorlly Commi5sloD Thus. In 2008 Ihw cholily w•6 swKg&sfully rngl&tered 05 tsoreeb and Yaleern Twsl Pund. We ore now one ol only a hgndlul ol charities who pnmgilly In BHnglHd9¥h This h4$ kwv9n GYTF a promknènt p￿¢0 In Iht UK to ÈAAiStth6 ￿&fortUnatE In Bangl&dèoh. Qur prolacts no%¥ eovor rthig10184ngl8dosh 89 wo havo grown In aThd gtienglh. We yralg 8 ol wosec18 in Banglesh 811 of Iwnd on our website GYTF h85 9rD￿n In strenpth Ih8nks io ihp olourdDnonry thè hard￿1￿ ol tspAn both Int￿ UK BAn￿adeSh. Wfr8thlDcont￿￿&wkth our aiBcis hop8 that ￿ walk log8th@r kn gain r8ward in this worfd and I￿rer. Please prayfDfTne 8ndmyfAmily. thebD8tdoftwsiees and my ￿l￿RgUeS ￿ Ihalwa can ¢￿tinu8 io dèdicate affort6 tootté cauÈes. agk Y￿ IorYtsur(X)ntin￿d *wrrt. IGYTFI s￿1th Hamkl FowderTw5tee KINNUAL REPORT2020 PAGE 02

Goreeb and Yateem Project Expenditure 2020 and So far £14S.034 £134.123 £124.247 2107,437 £41.7 E50.fjM 30.232 £17,733 El,gJ3 Ma4￿j Tubewdl Famlty Ramlldan & E￿￿Ower￿?nI Fwd Paek hee*hllir EducaiK wirter ANNUAL REPORT 2020 PAP?1 03

97 Houses built 446 Houses bullt 200 tt Uihmin Illy Houses plan to build 1Mn Ihw I 44 T￿1¥1 HOUSING A decent house truly changes the feeble state of many poor and needy families to a better and comfortable situation. Housing is one of ourflagship project and so far we have managed to provide housing to around 45ofamilies Alhamdulillah. Most of our houses are standard two bedroom with a varenda which cost £1500. ANNUAL REF4)PT2020 PAGE 04

ibt WPORE AFTER BEFORE AFTER BEFORE AFTER We used to Iwe In a very pool coTrdition, oui house was broken with no pioper roof on top, in rainy season ourwhole hDu5e used to g Y¢¢t ¢0htiDV¢￿$1y. We W¢vld lik• tothank Gor¢4b &Yat¢em f¢1 pr¢Vi&in9 Ovr hou5q ￿ bvrni compl¢tly froma fiTq vthKh app••rqd M￿f￿1￿Ye1￿cI1lc tèb￿.wÈ%¥QrÈho￿é￿sSFOroV ayearstayirtgindiffÈrÈnt P￿lehoUSe$.A1hI￿dUIll1lhQrndoI 2O2oGYFf£onstruCted4bÈaut￿uIhoUsè￿* e•ndrnyfomitywrthakitdFEnandtoiletliriliti¢s.-AbdvlWidvd ANNUAL REPJRT 2020 PAP,105

18 Mas bu ids 27 Mas Ids It 20 Masjids plan to build SIID PROIECT 2D2G, In Piith¥ MASJID Masjid is the hub of the community but in poorer community it is very difficult forthem to put funds togetherto build a masjid sothis iswherewe come into supportthem.Alhamdulillah, sofarwe have built 27 masjids and we want to build more with your help and support. Price of each Masjid is £10,000 which will include ful l Masjid construction, a wudu area and toilet facilities. ANNUAL REPf)kl 2020 PAI￿ 06

111, ORE ui j IMArrARQ41V ANJAIAJ JAktÈAllJrD AAIAOONJ Whadavry5mYI MISI￿￿￿OUr￿¢aIC¢th￿￿Ityfv￿￿fftn•lOprdY the candthn vM5 ￿tt00 great ￿h￿[￿Ul111al now mrethan IOD peopl canpray Ints￿ Masjid atonce.Weareth￿thltQth￿ d(m￿[￿rth&1rgDlg￿DU5 donaiwtoc¢nnJct)bréndne4vmJsihJwrthwthJ￿rQlIeIflCIIItlts Ow M45jid was obèndoned due to la¢k of FundsJs our ayea is really poortDget anyworkdone A1hatDdulil￿h, Yve would liketothank th• donoF Ythts hés don**d this boèutiful Masiid whlch èllow+d US to play s time5aday3ndhwernomin915kmKckne5f<Jrourchildren. ANNUAL REpfJRI 2020 PAGÈ 07

560 Tubewells implemented 1060 Tubewells implemente(J 1000 EEB 61AT TRUST Fuk -JECT 2LI Tubewells to Impltm•nt •￿. Vffi￿ li b￿r H• OULVIBAIA, 771 REG..1&50 lbu0•￿ WATER PROJECT Despite Bangladesh being the land of water, poorfamilies are still strugg ling to get access to easy and clean water as they often use unclean water from local ponds or lakes. Waterwell is also one of our flagship projects and thanksto our generous donors and suporters we have been able to provide over 2,000 water pumps in many different distrirts of Bangladesh. Cost of each Tube Well (Hand Pvmpl is £250, around 4 to 5 families can benefit from it and a DeepTube well is £950 which allows a small community to drink clean and fresh water. ANNUAL RE&rfl￿l2020

PRQJECT2Q-. I Goreth&¥iknm TiuslFund EEB S YATEEM TR JE ILPR rJtlREEB Fty AIEEIIIRUSI I TU Ll MOUINIBIJRSIDAA l fft, iiiii!i!;'i¥'. RFFBS YATEI STFU 'IIREEF S YATFFtI TR ljlll 11 MOULlll&WR I Sanur Mlah. Agi￿n. MoulvibAz8r J05Mine wehpve bEen piveDo Iu￿W￿l1 byyou makiThgduafor W• wd lo￿ fario gèisom•frshdrinknno y hFv?91v￿ U54 well whKhwewp￿¢i￿rt￿asS￿V1y M?yPJlthbleJ3y￿ far lth praythAt￿lAh Th￿T￿lIqtodts￿i Qorywb&YHtaem Usatubp ￿11 wg Hwodnnking fre&h w&lpi mgmbws SU￿r￿d ptybowpll weh￿ ￿ w¥lk IFomru hom•. I￿11￿$ rAhiJus4nJthayc•Troilb8Mffilliom Ih wpterknyllyoupwd ANNUALREPOIII 2020 PAIJE 09

40 Ricksh8VI distributed 100 Sewing Machine funded 213 Rickshaw distributed 1560 Sewlng Machine lunded SO Rtck9haw to di8trlbute ieponèd Th 4nd 100 Sewlng Machine to lund h•nth Wl¥. Pr¢w Ot A￿￿. FAMILY EMPOWERMENT One of the best wayto take people out of poverty isto give them decent work or buy toolsand equipments with which they can earn their own living. Alhamdulillah at Goreeb and Yateem we have managed to distributeover200 rickshaws and around 6oosewing machines helping poorfamiliesto earn money with their own asset.The cost of each Family Empowerment Project are £250 for each Rickshaw, £18ofor one Fishing boat and £7oforeach Sewing Machine. ANNUAL REF'0412020 PA'JI 10

AKKtrIv1PR￿E¢T-? S•wing Machin4 Proj*ct Meandkids were struggling to moke ends meetduetoCOVID.19as I wa5 working in peoples houses to make living. While we were i lotkdown wlth nowork I had an opportunlty to leain about tailtsring. Ritkshaw Proj4rt l used to rent out a fick5haw to rnakè 4 livin9 for rny fomity, which 4VaS Goreeb 4ndY4teorn who provided rne wilh 4 Rick5hJw now I c4n horne and lookaftérmyfamilv. ANNUAL REPORT2020 F￿R)F 11

2,600 Foodpacks distributed teem Trust Fe Ir 10,500 Foodpacks distributed JD 5,000 Foodpacks tobe distributed WMI him lytrAng b•ino knm RAMADAN & FAMILY FOOD PACK Ramadan can be a very difficult month for poor people to find day jobs as work slows down and can be limited and many poorfamily will struggle to feed their loved ones. A foodpack gift with essentials is assuring forthe poorfamilies. 2020 saw usdistribute 2,600 Ramadan and Family Foodpacksand so we have distributed over 10,000 food parcels. Cost of each Ramadan and Family food pack is £30 which allows a familyof 4 to feed for30 days. KINNUAL REPORT 2020 PA,Jl 12

i￿¢￿h&y￿tethy7I￿tFI' li 4 APRIL,. l*/ I was worried for the month of Ramadan, as I have105t myjobdveio COVID-19.ThankstoGoreeb&YateemTru5t Fvndfor providing Ram8danfoTrdpack for me and ryfamity a5 Itg11owed u5 to keep Ourfast in the blessed month. l am an eldedy mother and have > disaNe kids at home nd inthe monthof RèmadJn it becomes diffi¢ultto pvtiftJri on Ihe pl6le Thanksfjoreeb andYate@m for IDokiry after me forthe last 5 yèèrs. I￿tr￿lIAL REPORT2020 PA(,.1 13

£38k spent on Healthcare projects £280k spent on Healthcare projects £50k plan to spend on Healthcare projects HEALTH AND MEDICAL Free Healthcare facility and provision is very limited in Bangladesh and many poor people can not afford basic rnedical provision. Alhamdulillah, we have been providing Blind Support, Catara around io Individial Medical Support and Disability support to poor and needy families in different parts of Bangladesh. In 2020 we have spent around £4ok on medical project and so-far we have spent around £280k. Cost of each cataract surgery is £50. ANNUAL REFiIfiT 2020 PAGI 14

GDREEB B YATEEM TRUST F PQNAPTAPII INHIGKSthWLhlOUIIIBI I'll I,,11 P'- ATEEM TRUST FUND INDIVIDUAL MEDICAL FEEDBACK 66 5hv kn￿￿ A t￿￿￿r ITh h•r thr￿ bEW aHr(ilng Idp ARrr brl a yrnhlpm h1% Pl￿rI Ahrnod Dblr ID Pll%% D mt55ao?b￿￿￿r￿1ld￿orIle￿￿l￿￿5￿PpDrI1￿lilheY tho ho iome lo th￿r Ihost who hewihEVL¢XJ5aTrdJOf￿her￿Ple1n￿L%1Ejh eYewnE fu krrp him 99 ANNUAL REPOPT 2020 PAC,1 15

iXIEfr1117Tn EDIf6.￿S￿ (• C, .Lrfinknll l ••WJ WHEELCHAIR { 273 6,300 300 Wheelchalr• distributed Wheelchalrs di$tributed Wheelchalrs to distribute 2020 SO FAR 2021 PLAN Wheelchair is a great way to get mobile for disabled people. In 2020 we funded over 300 wheelchairs for disabled people and so far we have distributed around 61300 wheelchair. Cost of each Wheelchair is £70. ANNUAL REWIR T 2020 PAGI 16

LIOJ EDUCATION £145k £480k £150k spent on Educatlon prolect• Spent on EdU￿tIon project8 plan to •pend on Edueatlon prolects 2020 SO FAR 2021 PLAN Nl?Ai A good edcuation with a good upbringing is very important for people in developing countrytotruly come out of poverty and reliase their full potential. Alhamdulillah, Goreeb and Yateem has been supporting many education projects in UK and Bangladesh since the beginning. In 2020 we have spent closeto £15okto help and support various education projects including our support for Blind and Orphan students. £300 will provide one year support. KINNUAL REPO?T 2020 PA,Jl 17

I PROJE SUMMGAYI I ¥, IM IIREEB 5 YATEEM IRLSI FUNU BANI PROJEcf.20 ¥ANI PROIIC QURBANI & AKIKAH .1921 iALwIRHAI,yMUV 5,000 1,500 unlt• of Qurbanl dlstrlbuted units of unit8 ol

1 > > Qurbanl dl•trlbuted Qurbanl lo dlstrlbute 2020 SO FAR 2021 PLAN CT. Poor people look forward to Qurbani so they can receive and eat some meat. Goreeb andyateem has been carrying out Qurbani project for a long time and in 2020 we carried out around 1,000 units of Qurbani and Akikah. Look out for our Qurban i project detail and price closer to the time. dNrnr dthlofknimirn In thodw DF hish￿￿5. th* 4NL14L REPO4T2020 PA, J[ 18

1,100 J 14,000 1,500 WINTER Wlnter Blankets dl$tTlbuted Wlnter Blankets dljtrlbuted Wlnter Blankets to dljtrlbute 2020 SO FAR 2021 PLAN Winteris a tough time for poor people astheir living condition are notvery good foradequate heating. In 2020 over 1,000 blanket was distributed by Goreeb and Yateem to poor and needy families to keep them safe from cold. We have distributed around 14,000 winter blankets so far. Cost of each winter blanket IS £10. ANNUAL REWIR T 2020 PAGE 19

GOREEB AND YATEEM TRUST FUND

Contents of the Financial Statements for the Year Ended 31 December 2020

Page Page
Report of the Trustees 1 to19
Independent Examiner's Report 23
Statement of Financial Activities 24
Balance Sheet 25
Cash Flow Statement 26
Notes to the Cash Flow Statement 27
Notes to the Financial Statements 28 to35
Detailed Statement of Financial Activities 36 
GOREEB AND YATEEM TRUST FUND

Reportof the Trustees
for the Year Ended31 December 2020

The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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 Objectives and activities

Activities include providing financial support towards the educational needs of children from deprived families; helping to deliver education by providing access to educational materials and development programmes for study as well as building shelter for the homeless. Other projects include wheelchair distribution, winter clothing distribution, sewing machine distribution among poor women, orphan sponsorship, Qurbani projects and financial support for widowed women. The charity continues to provide humanitarian assistance to those who need it most with the aim to empower society, and invest in the educational needs of the future generation of Bangladesh.

Public benefit

The Trustees confirm that they abide by the Charity Commissions guidance on public benefit in complying with Section 17 of the Charities Act 2011 to have due regard to public benefit in meeting its objectives and activities.

ACHIEVEMENT AND PERFORMANCE Please see Appendix 1.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Goreeb and Yateem Trust Fund is formed under a Declaration of Trust dated 11 January 2008.

Organisational structure & Governance

Goreeb & Yateem Trust Fund is a UK based registered charity organisation established in 2007 with the aim of helping to eradicate poverty for children and poor people throughout Bangladesh. The organisation currently has 10 Trustee board members. The Trustees are elected and operate in accordance with the Trust Deed and Governing constitution of the charity.

The trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and regulations. The trustees are required to maintain adequate accounting records that disclose with reasonable accuracy the charity's financial transactions.

Goreeb & Yateem Trust Fund works with delivery partner organisations towards achieving common goals. These include educational institutions as well as other non governmental organisations.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1122271

Principal address First Floor 251 Whitechapel Road london E1 1DB

Trustees Sheikh Saleh Ahmed Hamidi Secretary Kalam M A T Choudhury Moulana Abdul Jolil (resigned 23.2.21) Shamsul Haque Chairman Asaduz Zaman Muhammad Badrul Haque 

Page 21

GOREEB AND YATEEM TRUST FUND

Reportof the Trustees
for the Year Ended31 December 2020

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS

Approved by order of the board of trustees on 26 October 2021 and signed on its behalf by:

SH

................................................................. Shamsul Haque - Trustee 

Page 22

Independent Examiner's Reporttothe Trustees
of GOREEB AND YATEEM TRUST FUND

Independent examiner's report to the trustees of GOREEB AND YATEEM TRUST FUND I report to the charity trustees on my examination of the accounts of GOREEB AND YATEEM TRUST FUND (the Trust) for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Anwar F Chowdhury FCCA ACCA ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS

Date: 26 October 2021

Page 23

GOREEB AND YATEEM TRUST FUND

Statement of Financial Activities for the Year Ended 31 December 2020

Unrestricted
funds
INCOME AND ENDOWMENTS FROM
Notes
£
Donations
2
117,307
EXPENDITURE ON
Raising funds
3
13,526
Charitable activities
4
Ramadan & Foodpack Projects
-
Winter Blanket Project
-
Qurbani & Aqiqah Projects
-
Tubewell Project
-
General
6,854
Healthcare & Emergency Projects
-
Housing Project
-
Wheel Chair Project
-
Mosjid Project
-
Education Project
-
Family Empowerment Project
-
Other
3,231
Total
23,611
NET INCOME/(EXPENDITURE)
93,696
Transfers between funds
13
(63,951)
Net movement in funds
29,745
RECONCILIATION OF FUNDS
Total funds brought forward
(2,288)
TOTAL FUNDS CARRIED FORWARD
27,457		 Restricted
funds
£
846,602
97,618
54,449
9,408
57,878
117,206
-
47,011
137,628
19,838
146,937
153,308
15,985
-
857,266
(10,664)
63,951
53,287
94,962
148,249		 31.12.20

Total
funds
£
963,909
111,144
54,449
9,408
57,878
117,206
6,854
47,011
137,628
19,838
146,937
153,308
15,985
3,231
880,877
83,032
-
83,032
92,674
175,706		 31.12.19
Total
funds
£
546,857
104,475
23,855
9,111
23,609
52,827
-
54,747
51,834
15,187
54,441
82,155
22,337
51,910
546,488
369
-
369
92,305
92,674 
The notes form part of these financial statements

Page 24

GOREEB AND YATEEM TRUST FUND

Balance Sheet
31 December2020
Unrestricted
funds
FIXED ASSETS
Notes
£
Tangible assets
10
228
CURRENT ASSETS
Debtors
11
36,916
Cash at bank
1,831
38,747
CREDITORS
Amounts falling due within one year
12
(11,518)
NET CURRENT ASSETS
27,229
TOTAL ASSETS LESS CURRENT
LIABILITIES
27,457
NET ASSETS
27,457
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
138,814
138,814
9,435
148,249
148,249
148,249		 31.12.20

Total
funds
£
228
36,916
140,645
177,561
(2,083)
175,478
175,706
175,706
27,457
148,249
175,706		 31.12.19
Total
funds
£
456
-
94,000
94,000
(1,782)
92,218
92,674
92,674
(2,288)
94,962
92,674

The financial statements were approved by the Board of Trustees and authorised for issue on 26 October 2021 and were signed on its behalf by:

SH

............................................. Shamsul Haque - Trustee

SSAH

.............................................

Sheikh Saleh Ahmed Hamidi - Trustee

The notes form part of these financial statements

Page 25

GOREEB AND YATEEM TRUST FUND

Cash Flow Statement
for the Year Ended31 December 2020
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 31.12.20
£
46,645
46,645
46,645
94,000
140,645		 31.12.19
£
25,764
25,764
25,764
68,236
94,000 
The notes form part of these financial statements

Page 26

GOREEB AND YATEEM TRUST FUND

Notes to the Cash Flow Statement

for the Year Ended 31 December 2020

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

31.12.20 31.12.19
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 83,032 369
Adjustments for:
Depreciation charges 228 228
(Increase)/decrease in debtors (36,916) 26,696
Increase/(decrease) in creditors 301 (1,529)
Net cash provided by operations 46,645 25,764

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.20 Cash flow At
Net cash
£
£
Cash at bank
94,000
46,645
94,000
46,645
Total
94,000
46,645		 31.12.20
£
140,645
140,645
140,645		 
The notes form part of these financial statements

Page 27

GOREEB AND YATEEM TRUST FUND

Notestothe Financial Statements
for the Year Ended31 December 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on cost Computer equipment - 25% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

Page 28

continued...

GOREEB AND YATEEM TRUST FUND

Notestothe Financial Statements - continued

for the Year Ended 31 December 2020

2. DONATIONS

DONATIONS
Donations
Gift aid		 31.12.20
£
924,109
39,800
963,909		 31.12.19
£
509,406
37,451
546,857

3. RAISING FUNDS

Other trading activities
Advertising, promotions and Campaign
Postage and printing
Ramadan Cost		 31.12.20
£
100,539
3,215
7,390
111,144		 31.12.19
£
104,475
-
-
104,475

4. CHARITABLE ACTIVITIES COSTS

Grant
funding of
activities
Support
(see notecosts (see
5)
note 6)
£
£
Ramadan & Foodpack Projects
47,973
6,476
Winter Blanket Project
8,983
425
Qurbani & Aqiqah Projects
53,268
4,610
Tubewell Project
105,854
11,352
General
-
6,854
Healthcare & Emergency Projects
42,857
4,154
Housing Project
125,531
12,097
Wheel Chair Project
17,733
2,105
Mosjid Project
133,353
13,584
Education Project
140,773
12,535
Family Empowerment Project
14,346
1,639
690,671
75,831
5.
GRANTS PAYABLE
31.12.20
£
Ramadan & Foodpack Projects
47,973
Winter Blanket Project
8,983
Qurbani & Aqiqah Projects
53,268
Tubewell Project
105,854
Healthcare & Emergency Projects
42,857
Housing Project
125,531
Wheel Chair Project
17,733
Mosjid Project
133,353
Education Project
140,773
Family Empowerment Project
14,346
690,671		 Grant
funding of
activities
Support
(see notecosts (see
5)
note 6)
£
£
Ramadan & Foodpack Projects
47,973
6,476
Winter Blanket Project
8,983
425
Qurbani & Aqiqah Projects
53,268
4,610
Tubewell Project
105,854
11,352
General
-
6,854
Healthcare & Emergency Projects
42,857
4,154
Housing Project
125,531
12,097
Wheel Chair Project
17,733
2,105
Mosjid Project
133,353
13,584
Education Project
140,773
12,535
Family Empowerment Project
14,346
1,639
690,671
75,831
5.
GRANTS PAYABLE
31.12.20
£
Ramadan & Foodpack Projects
47,973
Winter Blanket Project
8,983
Qurbani & Aqiqah Projects
53,268
Tubewell Project
105,854
Healthcare & Emergency Projects
42,857
Housing Project
125,531
Wheel Chair Project
17,733
Mosjid Project
133,353
Education Project
140,773
Family Empowerment Project
14,346
690,671		 Grant
funding of
activities
Support
(see notecosts (see
5)
note 6)
£
£
Ramadan & Foodpack Projects
47,973
6,476
Winter Blanket Project
8,983
425
Qurbani & Aqiqah Projects
53,268
4,610
Tubewell Project
105,854
11,352
General
-
6,854
Healthcare & Emergency Projects
42,857
4,154
Housing Project
125,531
12,097
Wheel Chair Project
17,733
2,105
Mosjid Project
133,353
13,584
Education Project
140,773
12,535
Family Empowerment Project
14,346
1,639
690,671
75,831
5.
GRANTS PAYABLE
31.12.20
£
Ramadan & Foodpack Projects
47,973
Winter Blanket Project
8,983
Qurbani & Aqiqah Projects
53,268
Tubewell Project
105,854
Healthcare & Emergency Projects
42,857
Housing Project
125,531
Wheel Chair Project
17,733
Mosjid Project
133,353
Education Project
140,773
Family Empowerment Project
14,346
690,671		 Totals
£
54,449
9,408
57,878
117,206
6,854
47,011
137,628
19,838
146,937
153,308
15,985
766,502
31.12.20
£
47,973
8,983
53,268
105,854
42,857
125,531
17,733
133,353
140,773
14,346
690,671		 31.12.19
£
21,576
8,241
21,353
47,780
49,516
46,882
13,736
49,240
74,306
20,203
352,833 
Page 29

continued...

GOREEB AND YATEEM TRUST FUND

Notes to the Financial Statements - continued

for the Year Ended 31 December 2020

6.
SUPPORT COSTS
Management
Finance
£
£
Other resources expended
566
-
Ramadan & Foodpack Projects
1,700
628
Winter Blanket Project
112
41
Qurbani & Aqiqah Projects
1,210
447
Tubewell Project
2,980
1,100
General
2,243
926
Healthcare & Emergency Projects
1,090
403
Housing Project
3,176
1,172
Wheel Chair Project
552
204
Mosjid Project
3,567
1,316
Education Project
3,291
1,215
Family Empowerment Project
431
159
20,918
7,611		 Other
£
2,665
4,148
272
2,953
7,272
3,685
2,661
7,749
1,349
8,701
8,029
1,049
50,533		 Totals
£
3,231
6,476
425
4,610
11,352
6,854
4,154
12,097
2,105
13,584
12,535
1,639
79,062

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

Trustees' expenses
31.12.20 31.12.19
£ £
Trustees' expenses - 2,410
8. STAFF COSTS
31.12.20 31.12.19
£ £
Wages and salaries 30,279 30,741
30,279 30,741
The average monthly number of employees during the year was as follows:
31.12.20 31.12.19
Admin 2 2
No employees received emoluments in excess of £60,000.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations 120,089 426,768 546,857
EXPENDITURE ON
Raising funds 104,475 - 104,475
Charitable activities
Ramadan & Foodpack Projects - 23,855 23,855
Winter Blanket Project - 9,111 9,111
Qurbani & Aqiqah Projects - 23,609 23,609 
Page 30

continued...

GOREEB AND YATEEM TRUST FUND

Notes to the Financial Statements - continued

for the Year Ended 31 December 2020

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted Restricted
funds
funds
£
£
Tubewell Project
-
52,827
Healthcare & Emergency Projects
-
54,747
Housing Project
-
51,834
Wheel Chair Project
-
15,187
Mosjid Project
-
54,441
Education Project
-
82,155
Family Empowerment Project
-
22,337
Other
51,910
-
Total
156,385
390,103
NET INCOME/(EXPENDITURE)
(36,296)
36,665
RECONCILIATION OF FUNDS
Total funds brought forward
34,008
58,297
TOTAL FUNDS CARRIED FORWARD
(2,288)
94,962
10.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
COST
£
£
At 1 January 2020 and
31 December 2020
2,367
1,013
DEPRECIATION
At 1 January 2020
1,911
1,013
Charge for year
228
-
At 31 December 2020
2,139
1,013
NET BOOK VALUE
At 31 December 2020
228
-
At 31 December 2019
456
-		 Total
funds
£
52,827
54,747
51,834
15,187
54,441
82,155
22,337
51,910
546,488
369
92,305
92,674
Totals
£
3,380
2,924
228
3,152
228
456		 
Page 31

continued...

GOREEB AND YATEEM TRUST FUND

Notestothe Financial Statements - continued

for the Year Ended 31 December 2020

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£ £
Other debtors 36,916 -
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£ £
Taxation and social security 283 283
Other creditors 1,800 1,499
2,083 1,782

13. MOVEMENT IN FUNDS

OVEMENT IN FUNDS
Net Transfers
movement between At
At 1.1.20 in funds funds 31.12.20
£ £ £ £
Unrestricted funds
General fund (2,288) 93,696 (63,951) 27,457
Restricted funds
Ramadan & Foodpack Projects 16,718 15,873 - 32,591
Zakat/Fitra Project 666 - (666) -
Qurbani & Aqiqah Project (3,304) (7,821) 11,125 -
Winter Blanket Project (897) (4,788) 5,685 -
Tubewell Project 17,124 6,057 - 23,181
Healthcare & Emergency Project (9,761) (1,899) 11,660 -
Wheel Chair Project 20,061 3,040 - 23,101
Housing Project 75,650 (6,274) - 69,376
Mosjid Project (10,794) 553 10,241 -
Rohingya Projects 1,557 - (1,557) -
Education Project (840) (17,206) 18,046 -
Family Empowerment Project (11,218) 1,801 9,417 -
94,962 (10,664) 63,951 148,249
TOTAL FUNDS 92,674 83,032 - 175,706 
Page 32

continued...

GOREEB AND YATEEM TRUST FUND

Notestothe Financial Statements - continued

for the Year Ended31 December 2020

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 117,307 (23,611) 93,696
Restricted funds
Ramadan & Foodpack Projects 79,487 (63,614) 15,873
Qurbani & Aqiqah Project 56,582 (64,403) (7,821)
Winter Blanket Project 5,222 (10,010) (4,788)
Tubewell Project 139,330 (133,273) 6,057
Healthcare & Emergency Project 50,991 (52,890) (1,899)
Wheel Chair Project 25,861 (22,821) 3,040
Housing Project 148,474 (154,748) (6,274)
Mosjid Project 166,712 (166,159) 553
Education Project 153,840 (171,046) (17,206)
Family Empowerment Project 20,103 (18,302) 1,801
846,602 (857,266) (10,664)
TOTAL FUNDS 963,909 (880,877) 83,032
Comparatives for movement in funds
Net
movement At
At 1.1.19 in funds 31.12.19
£ £ £
Unrestricted funds
General fund 34,008 (36,296) (2,288)
Restricted funds
Ramadan & Foodpack Projects - 16,718 16,718
Zakat/Fitra Project 666 - 666
Qurbani & Aqiqah Project 255 (3,559) (3,304)
Winter Blanket Project 294 (1,191) (897)
Tubewell Project 10,243 6,881 17,124
Healthcare & Emergency Project 9,286 (19,047) (9,761)
Wheel Chair Project 10,213 9,848 20,061
Housing Project 13,618 62,032 75,650
Mosjid Project 1,841 (12,635) (10,794)
Rohingya Projects 1,557 - 1,557
Education Project 10,324 (11,164) (840)
Family Empowerment Project - (11,218) (11,218)
58,297 36,665 94,962
TOTAL FUNDS 92,305 369 92,674 
Page 33

continued...

GOREEB AND YATEEM TRUST FUND

Notestothe Financial Statements - continued

for the Year Ended31 December 2020

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 120,089 (156,385) (36,296)
Restricted funds
Ramadan & Foodpack Projects 40,573 (23,855) 16,718
Qurbani & Aqiqah Project 20,050 (23,609) (3,559)
Winter Blanket Project 7,920 (9,111) (1,191)
Tubewell Project 59,708 (52,827) 6,881
Healthcare & Emergency Project 35,700 (54,747) (19,047)
Wheel Chair Project 25,035 (15,187) 9,848
Housing Project 113,866 (51,834) 62,032
Mosjid Project 41,806 (54,441) (12,635)
Education Project 70,991 (82,155) (11,164)
Family Empowerment Project 11,119 (22,337) (11,218)
426,768 (390,103) 36,665
TOTAL FUNDS 546,857 (546,488) 369

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.1.19 in funds funds 31.12.20
£ £ £ £
Unrestricted funds
General fund 34,008 57,400 (63,951) 27,457
Restricted funds
Ramadan & Foodpack Projects - 32,591 - 32,591
Zakat/Fitra Project 666 - (666) -
Qurbani & Aqiqah Project 255 (11,380) 11,125 -
Winter Blanket Project 294 (5,979) 5,685 -
Tubewell Project 10,243 12,938 - 23,181
Healthcare & Emergency Project 9,286 (20,946) 11,660 -
Wheel Chair Project 10,213 12,888 - 23,101
Housing Project 13,618 55,758 - 69,376
Mosjid Project 1,841 (12,082) 10,241 -
Rohingya Projects 1,557 - (1,557) -
Education Project 10,324 (28,370) 18,046 -
Family Empowerment Project - (9,417) 9,417 -
58,297 26,001 63,951 148,249
TOTAL FUNDS 92,305 83,401 - 175,706 
Page 34

continued...

GOREEB AND YATEEM TRUST FUND

Notestothe Financial Statements - continued

for the Year Ended31 December 2020

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources
expended		 in funds
£ £ £
Unrestricted funds
General fund 237,396 (179,996) 57,400
Restricted funds
Ramadan & Foodpack Projects 120,060 (87,469) 32,591
Qurbani & Aqiqah Project 76,632 (88,012) (11,380)
Winter Blanket Project 13,142 (19,121) (5,979)
Tubewell Project 199,038 (186,100) 12,938
Healthcare & Emergency Project 86,691 (107,637) (20,946)
Wheel Chair Project 50,896 (38,008) 12,888
Housing Project 262,340 (206,582) 55,758
Mosjid Project 208,518 (220,600) (12,082)
Education Project 224,831 (253,201) (28,370)
Family Empowerment Project 31,222 (40,639) (9,417)
1,273,370 (1,247,369) 26,001
TOTAL FUNDS 1,510,766 (1,427,365) 83,401

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2020.

Page 35

GOREEB AND YATEEM TRUST FUND
Detailed Statement of Financial Activities
for the Year Ended 31 December 2020
31.12.20 31.12.19
£ £
INCOME AND ENDOWMENTS
Donations
Donations 924,109 509,406
Gift aid 39,800 37,451
963,909 546,857
Total incoming resources 963,909 546,857
EXPENDITURE
Other trading activities
Advertising, promotions and Campaign 100,539 104,475
Postage and printing 3,215 -
Ramadan Cost 7,390 -
111,144 104,475
Charitable activities
Grants to charitable projects 690,671 352,833
Support costs
Management
Trustees' expenses - 2,410
Rent & rates 8,778 11,561
Telephone 947 1,069
Office stationary 1,948 5,007
Accountancy 2,100 1,500
IT and website expenses - 930
Consultancy 5,401 13,718
Meeting expenses - 140
General admin expenses 1,744 2,207
20,918 38,542
Finance
Donation processing fees 7,611 2,489
Other
Project Management Staff Wages 30,279 30,741
Casual staff salaries 20,026 17,180
Depreciation of tangible fixed assets 228 228
50,533 48,149
Total resources expended 880,877 546,488
Net income 83,032 369 
This page does not form part of the statutory financial statements

Page 36

Charlty Reg. Number: 1122271 C05ta Coffèè JD gFH)ris GLYeeb S YaieÈ Tiu81 Fu lechapel Siaiion SlatlODe HSBC4D AL RAYAN BANK Goreab & Yateem Trust Fund Sort Code.. 30-00-83 AC Numbèr.. 01351301 IBAN.. GB72 ARAY 3000 8301351301 BIC.. AFIAYGB22 Whitechai Goreèb & Yaleem Trust Fund Sort Code.. 4￿02-33 AC Nurnber.. 71593579 IBAN.. G881 HBUK 40023371593579 BIC.. HBUKGB4115A e¢hapd Markei The Poyal Londo Hospilgl. Emeigency.- WAYS TO DONATE Q info@goreebfund.com o www.goreebfund.com Gorgeb & Yateem Trust Fund 25912nd Floor) Whilgchapel Road London E1 1D8 United Kingdom 0207 247 8245 0749 874 9015 000 Designed by-. taranaa.co.uk