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2021-12-31-accounts

ANNUAL REPORT

WWW.GOREEBFUND.COM

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 GOREEB & YATEEM TRUST FUND

CHARITY REG:1122271 TEL: 0207 247 8245 EMAIL: INFO@GOREEBFUND.COM

259 (2ND FLOOD) WHITECHAPL ROAD LONDON, E1 1DB

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 CHARITY REG: 1122271

CONTENTS

PAGE NUMBERS

  1. Trustees' Report

  2. Our Projects

  3. Auditor's Report

  4. Statement of Financial A ctivity

  5. Statement of Financial P osition

3 to 5

6 to 21 22 to 25 26

27

  1. Statement of Cash flow s 28

  2. Notes to the Financial S t atements 29 to 33

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A N N U A L R E P O R T 2 0 2 1

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

TRUSTEES REPORT

Who we are

We are a charity that primarily o perates to improve the quality of life fororphan s and the needy in Bangladesh. Our projects are fo c ussed on health and sanitisation, education, empowerment of disabled and other disadvantag e d individuals, as well as ensuring nutrition. We a im to make a difference by building communi t y spaces for individuals who would otherwise li v e in a permanent state of destitution.

Financial review

A second successive year of sur p lus, £3,323 (2020: £83,032) followed, as we con t inued a strong level of engagement with our donor b ase. We were able to spend more on project delivery in the year, following some difficulties in th e lockdown period. The balance Sheet has reserves of £179,029 of which £155,226 is for delivery o f projects that we are committed to.

Reserves policy

Reserves here are used to descr i be the part of the charity’s funds that are freely available for its operating purposes, not subject to commitments, planned expenditure and spe n ding limits. They exclude restricted funds, which a re subject to conditions of use, as specified by d onors. We aim to maintain reserves that would provide at least 3 months operational continuity i n the event of any instance in which the charity w o uld have to temporarily halt its activities. We ar e currently operating below our minimum reserves le v el; however, we have commenced appropriate b udgeting in 2022 to build up our unrestricted reserv e s, and ensure there is no further overspending o n restricted projects.

The Trustees believe the financi a l statements should be prepared on the Going C oncern basis, and that the charity is slowly work t o wards operating at its desired Reserves level.

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GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

TRUSTEES REPORT

A N N U A L R E P O R T 2 0 2 1

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GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Statement on Trustees’ Respon s ibilities

The trustees are responsible f or preparing the Trustees’ Annual Report a n d the financial statements in accordance wit h applicable law and regulatory requirement s applicable to registered charities in Englan d & Wales.The Trustees have elected to pre p are the financial statements in accordance wit h United Kingdom Generally Accepted Acco u nting Practice (United Kingdom Accounting S tandards) and applicable law, and in accor d ance with Accounting and Reporting by Charities: Statement of Recommended Pra c tice (Charities SORP (FRS102)).

Under charity law the Truste e s must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Ch a rity, its income and application of resources o f the Charity for that period. In preparing th e se financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records th a t are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of t h e Charity to ensure that the financial state m ents comply with the Charities Act 2011. They a re also responsible for safeguarding the as s ets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Sheikh Saleh Ahmed Hamidi

Trustee

26[th] October 2022

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A N N U A L R E P O R T 2 0 2 1

Housing is an essential need and priority. for everyone. Providing a permanent sheEter for a family is life changing. Housing project for poor and needy people is one of our main flagship projects and in 2021 we have built over 100 houses. So far from 2007 till now we have built over 550 houses. 2021 110 Houses built SO FAR Over 550 Houses constructed 2022 PLAN To construct 200 Houses 11 ll is A118h Who rnade YOUT habitstions homes of rest and quiet for you. Source.. Sura Nahl. Veise 80 'OR Tr.Tr:K &. I',ITEEIJ ANNUAL REPOR T 2021 Page 6

.5 with a ￿lId roof. [￿aning Icnger ha￿ tofear ihe vveatner and can sleep In peace May Allah ',oward ÈhÈdonor> ol r YTF2nd b￿$ thOm,￿,1￿h moiÈ puaco and happinÈsg. ANNUAL REPORT2021 Page 7

The construction of a Masjld comes wlth enormous reward In Islam as Masjids arethe heart and focal point of the Muslim communty where they prayto their Lord, supplicate to him and meettheir fellow Muslims. In 2021 we have built 23 Masjlds and so far we have constructed 50 Masjids. Insha'Allah we want to construct more Masjids wllh yQUf help and suppoit 2021 23 Masjids constructed SO FAR 50 Masjids constructed 2022 PLAN To construct 30 Masjids Il The rnosque5 of A113h are only to be mBiDtained by Ih05e who believe in ￿[ah the Last Day and establish prayer and give zakah and do not feareKcepi Allah. for A Is expected thatthose will be of the lrightlyl gyided.ii Soutce.. Surah 9".18 ANNUAL REPORT 2021 Page 8

vioasa tommunitytould DotpÉr'.ormaui prayÈrÈ1Th2 bullt Mag'id IVÈluSt aL%outmafia9Éd latonatluCtÈ hoLSÈ'&.Ilh ÈiruYYS, gtmÉ tlay, and bambw Ilvias21<I3yS Our dream toh3ve3 TrA33iid Inthesiape ola bA2siid Alh3mdul-,Ilah,viittr A11ahsmereywern￿ habe 3 Mas Id, ANNUAL REPORT2021 Page 9

Water is one of the most valuable gift from Allah to his cre8tion as it is paramount to our survival. Unfortunately millions of peope around the world have difficulty in accessing clean water. We have been helping poor people get access to clean and drinkable water since 2007. In 2021 we have managed to install around 700 waler wells and so far f rom 2007 till now we have installed over 1,750 water wells in different parts of Bangladesh. 2021 700 Water Wells installed SO FAR Over 1,750 Water Wells installed 2022 PLAN To install over 1 K Water Wells Ilwe made walerevery living thing.. SourcÉ." Sur8h 21. Verse 30 FIL￿E(l YI ANNUAL REPORT 2021 Page 10

T￿￿ '&khif.ENI FUNJ Thiswatèr w@11 has chan9od our Iiwg C￿ldn1 fiid elèan watoranswhèrÈ noarby and to walk sgv@ral m.llés on cecasion to got Vb'ai@r GYTF If,siall&athiS waterwell antthas IrdnsfoinEdGuF lips because1￿n0<1 h3veiw31erc105e byand riolongerrEedtotra'￿1 a d13p.ce OnlyAllah=an rev¢ard thosÈwho dan21È& fort￿11$ 4vatÈr wÉll ANNUAL RFPORT 2Q21 Page 11

Our Family Empowerment projecl aims to provide families with the knowledge and tools so thal they can build nurturing and safe homes for their f8mily. Providing them their own tools has helped them earn theirown livelihood and save thecostthey would incur if they were to rent or lease the item. Alham- dulillah sincethe start of this project we have managed to distribute over350 rickshaws, 860 sewing machines and over 180 fishing boats. 2021 Over £38K spent to Empower family SO FAR Spent over £127K 2022 PLAN To Distribute: 200 Rickshaws 500 Sewing Machines 100 Fishing Boats Help one another in acts of piety and righteous- ness. And do not asslst each other in acis of sinlulDe55 and transgress10n. Ye￿1y, Aikh is severe in punishment Source.. Surah 27. VeF5e 30 ANNUAL REPORT 2021 Page 12

S YATEEM IRUSIF WIIQIJIRifAHF I had nothing much itt do, and bÈing a fÉmalÈ I ttsuldnt %vor4 anWi￿r￿ duÈto eunuial iÈagoYg L%ut gifro I *Èii'iig m￿h1￿@. i am ANNUAL REPORT 2021 Page 13

Our Ramadan and Famlly Foodpack project has been able to help hundreds of Ihe poorest familles across Bangladesh. Thls Is Increaslngly Important durlng the month of Ramadan when wlthout them thousands wlll not be able to fulfll thelr rellglous obllgatlon. In 2021 alone we were able to dlstrlb- ute over 2,880 Ramadan and Family Foodpacks but with your help we will be able to reach even more people who need it the most. 2021 Over 2.880 Foodpacks distributed SO FAR Over 13,000 Foodpacks distributed 2022 To distributo 5,000 Foodpacks We feed you forlhe sake of God, desiring nertheF recompense northanks.ii Source.. SuTrh 76.9 ANNUAL REPORT 2021 Page 14

DAN FAMIILY STRI 021 FU Since GITF has been distributing Ramadan Foc4 Pa=ks. ￿'e are able lo have gcoy geh￿ and Iftar In thè past, It was s-mplo Itèms, whl=h Kiè Ibould havÈ throughout yoar, but no￿ ivè can ha 50meihir.g special as It IS a spe￿121 montn May Allah rewaid eweryone Viiyo has donated IQ these pafvk$ IVÈ pr2yAllah makÈ% ￿ÈN*.1ng èasy ftsrthw and that GWtF toThtinuÈS to ￿arè lor ug ANNUAL REPORT 2ll21 Page 15

Good and free healthcare is a big issue in poor and developing countries due to poor infrastucture and mismanagement. Our medica5 project includes Blind Support. Cataract, Medical Support and Disabilily SUPPOrt lo poor and needy families in different parts of Bangladesh. In 2021 we have spent < i around £25k on different medical projects and so-far we have spent over £300k. 2021 Over £25k spent on Healthcare projects SO FAR Spent over £300k on Healthcare projects 2022 PLAN To help more than 10 major operations M TRUST FiIRin •• The p￿phet [) said.. 'There are two blessing5 that many people are dec¢Ned into10sing heahh and flee time Ji JEC tA 12271 Source.. Sdhih afv8ukh&n 0412 ANNUAL REPORT 2021 Page 16

& YAIEFMrnSTFIINO EEBftYAIEEI1TRII￿ Lllh E&LTV ANIl￿E￿I fAIEÈIrf IkLJT 9%¢￿￿•&PT .J4 14L l am much ￿tter a-,.0 t￿lIh ￿ntIr.￿￿ treatme￿, i yyiII get b&k ta ffull Pp31tn soori ANNUAL REPORT 2021 Page 17

WHEELCHAIR 2021 SO FAR We distributed over 210 ¥VhÈelchalrs Over 6,500 Wheelchairs dlstrlbuted 2022 PLAN Iiyy To dlstrlbuto Whoelchalrs Many poor and disabled people are struggling to move around in Bangladesh due lo lack of wlieelchair and olher mobility. our wheelchair project has made over 6,500 rTh)bile in Bangladesh. In 2021 we funded over 210 wheelchairs for disabled people and so far we have distributed over 6,500 wheelchair. sibnMaMkWLYted.. ."and tlgsthgs be uwn hlm. .5%￿￿1Say.D l sed(refi4e ln frtyn dlsablHty, SW, v￿rd￿￿71￿.Znd l seek refugP in You I t￿01th￿￿0Ve3ndfQniIt I￿450f￿1eaTld death ANNUAL REPORT2021 Page18

A good education with a good upbringing is very important for tEople in FK)or and developing countries which will help them oome out of poverty and realise their full potential. Alhamdulillah GYtF has been supporting many education projecls in UK and Bangladesh since our establishment. In 2021 we have spent over £200k to help and support varioLiS education projects including our support for Blind and Orphan students. 2021 SO FAR 2022 PLAN er£200k Spent on EdutatSon Proie¢ts £682k spent To continue and expand ow E4Sucadon Project5 DUCA TION PIX)JECT ¢Jn i)ur Ed￿￿tion Proie¢ts IIAnd pray. Lord! InC￿aSe me&n knowledge. Soutce.. Surah 2(k.114 ANNUAL REPORT2021 Page 19

QURBANI & AKIKAH 2021 SO FAR Ov•r 1,000 units of Qurbani dlstrlbute Distributed over 5.700 unlts 2022 PLAN To dlstrlbute over 2,500 units ¢ti Every year, your Qurbani donations help piovide quality meat to thousands of families in need and living in poverly Giving meat to the less fortunale as required during Qurbani spreads happiness so they may also enjoy the evenl, celebration and festivities of Eid ul-Adha. Thor Meal Wll Ilot ke3thA1I3 'Nt* Wll T￿r Wod. What ReathesHim Is PEtyFrfrnYwi• In 2021 we have dislributed over 1,000 unils of Qurbani and Aqiqah. Please look out for our Qurbani prices closer to the month of Dhul Hijiah. ANNUAL REPORT2021 Page 20

For millions of families in need, winler is the harshest time of year, signaling 3 struggle for supiival against extreme temperatures and bitter cold. This is the case in Bangladesh as those in need face poor living conditions and do not have the luxury of adequate heating. In 2021 we have managed to distribute over 1,100 blankets to those in need and provide them warmth during the cold season. Since our initiation of Ihis project we have distribut- ed over 14,800 winter blankets. wrfE 2021 SO FAR 2022 PLAN 1.100 Wnter Blankets distributed Spent over 117k on Winter project To provide over IOOO ¥Mnter Blankets WINTER PROJECT Stilayffl ibn Aamir RH narfaies ihat when winier Would arrhve Sayyiduna Umar Ibn al.Kh8E- tsb IR3dhiallahu ￿h￿l would be exira rnindlul ol them èndwnteto them. advising.""WintEr. whieh is an enemy. has come. so prepare for it wilh wcol, leathers s£xks, and socks, Use wool as your undei<knihing and outer£I￿hlfig, because Ihe cold is an enerny thar enter5 quickty but leaves sbwly.•i Sour qurah ?0114 ANNUALREPORT2021 Page 21

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

INDEPENDENT AUDITOR’S REPORT

Opinion

We have audited the accounts of Goreeb and Yateem Trust Fund (the ‘charity ’ ) for the year ended 31 December 2021 which co m prise the statement of financial activities, th e balance sheet, the statement of cash flows, princi p al accounting policies and the notes to the ac c ounts. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standa r ds, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicabl e in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice) . In our opinion, the accounts:

— Give a true and fair view o f the state of the charity’s affairs as at 31 Dece m ber 2021 and of its income and expenditure for th e year then ended;

— Have been properly pre p ared in accordance with United Kingdom Generally Accepted Accounting Practice; and

— Have been prepared in acco r dance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in ac c ordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are furth e r described in the auditor’s responsibilities for th e audit of the accounts section of our report. W e are independent of the charity in accordance wit h the ethical requirements that are relevant to our audit of the accounts in the UK, including t he FRC’s Ethical Standard, and we have fulfill e d our other ethical responsibilities in accordance w ith these requirements.

We believe that the audit evi d ence we have obtained is sufficient and appr o priate to provide a basis for our opinion.

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GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

INDEPENDENT AUDITOR’S REPORT

Conclusions relating to going concern

In auditing the accounts, we h a ve concluded that the trustees’ use of the going concern basis of accounting in the preparation o f the accounts is appropriate.

Based on the work we have per f ormed, we have not identified any material un c ertainties relating to events or conditions that, in d ividually or collectively, may cast significant d o ubt on the charity’s ability to continue as a going c o ncern for a period of at least twelve months fr o m when the accounts are authorised for iss u e.

Our responsibilities and the r e sponsibilities of the trustees with respect t o going concern are described in the relevant sections of this report

Other information

The trustees are responsible fo r the other information. The other information comprises the information included in the an n ual report and accounts, other than the accou n ts and our auditor’s report thereon. Our opinion on the accounts does not cover the other informa t ion and we do not express any form of assurance c onclusion thereon.

In connection with our audit of the accounts, our responsibility is to read the o t her information and, in doing so, consider whether the other information is materially inconsis t ent with the accounts or our knowledge ob t ained in the audit or otherwise appears to be m aterially misstated. If we identify such material inc o nsistencies or apparent material misstatement s , we are required to determine whether there is a m aterial misstatement in the accounts or a mate r ial misstatement of the other information. If, based on the work we have performed, we conclude t hat there is a material misstatement of this o t her information, we are required to report that fact.

We have nothing to report in t h is regard.

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GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

INDEPENDENT AUDITOR’S REPORT

Matters on which we are required to report by exception

We have nothing to report i n respect of the following matters in relation t o which the Charities Act 2011 requires us to repo r t to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the t rustees’ responsibilities statement, the trustee s are responsible for the preparation of the account s and for being satisfied that they give a true and fair view, and for such internal control as the tru s tees determine is necessary to enable the pre p aration of accounts that are free from material miss t atement, whether due to fraud or error

In preparing the accounts, the t rustees are responsible for assessing the charit y ’s ability to continue as a going concern, disclosing, as applicable, matters related to goin g concern and using the going concern basis of acc o unting unless the trustees either intend to liqu i date the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain re a sonable assurance about whether the accoun t s as a whole are free from material misstatement, w hether due to fraud or error, and to issue an a uditor’s report that includes our opinion. Reasona b le assurance is a high level of assurance, but is n ot a guarantee that an audit conducted in accorda n ce with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from f raud or error and are considered material if, i n dividually or in the aggregate, they could reasona b ly be expected to influence the economic decisions of users taken on the basis of these accounts.

Irregularities, including fraud, are instances of non-compliance with laws a nd regulations. We design procedures in line w ith our responsibilities, outlined above, to detect material misstatements in respect of irr e gularities, including fraud. The extent to whic h our procedures are capable of detecting irregularit i es, including fraud is detailed below:

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

— The engagement partner e n sured that the engagement team collectively had the appropriate competence, capabilities and s kills to identify or recognise non-compliance w ith applicable laws and regulations;

— We identified the laws an d regulations applicable to the charity throu g h discussions with management, and from our kn o wledge and experience of the sector, and ass e ssed compliance by reviewing legal correspondenc e provided by management.

— We focused on specific law s and regulations which we considered may h a ve a direct material effect

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GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

INDEPENDENT AUDITOR’S REPORT

We assessed the susceptibilit y of the charity’s financial statements to ma t erial misstatement, including obtaining an underst a nding of how fraud might occur, by:

— Making enquiries of manag e ment as to where they considered there was s u sceptibility to fraud, their knowledge of actual, susp e cted and alleged fraud; and

— Considering the internal c o ntrols in place to mitigate risks of fraud and non-compliance with laws and regulations.

There are inherent limitations i n our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is tha t we would become aware of non-compliance.

Auditing standards also limit t h e audit procedures required to identify non-c o mpliance with laws and regulations to enquiry of t h e trustees and other management and the ins p ection of regulatory and legal correspondence, if any.

Material misstatements that ar i se due to fraud can be harder to detect than those that arise from error as they may involve delib e rate concealment or collusion.

A further description of our res p onsibilities for the audit of the accounts is loc a ted on the Financial Reporting Council’s website at w ww.frc.org.uk/auditorsresponsibilities. This d e scription forms part of our auditor’s report.

Use of our report

This report is made solely to th e charity’s trustees, as a body, in accordance wi t h section 144 of the Charities Act 2011 and with re g ulations made under section 154 of that Act. Our audit work has been undertaken so that we m i ght state to the charity’s trustees those matte r s we are required to state to them in an auditor’s r e port and for no other purpose. To the fullest e xtent permitted by law, we do not accept or assu m e responsibility to anyone other than the cha r ity and the charity’s trustees as a body, for our audi t work, for this report, or for the opinions we ha v e formed.

Mr Nur Ahmed Chowdhury (S e nior Statutory Auditor) For and on behalf of Abacus P a rtners (Ldn) LLP Statutory Auditor Unit A, Abbotts Wharf 93 Stainsby Road London E14 6JL

Date: 26th October 2022

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GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

STATEMENT OF FINANCIAL ACTIVITIES

Total Total
Unrestricted Restricted 2021 2020
INCOME AND EXPENDITURE Notes £ £ £ £
INCOMING RESOURCES
Donations and legacies 2 112,962 948,535 1,061,497 924,109
Gift Aid 60,513 60,513 39,800
Total Income 173,475 948,535 1,122,010 963,909
RESOURCES EXPENDED
Fundraising costs 3 17,073 93,350 110,423 111,144
Charitable Activities Costs 4 8,567 893,356 901,923 690,671
Administrative Costs 5 21,496 84,845 106,341 79,062
Total Resources Expended 47,136 1,071,551 1,118,687 880,877
Net Surplus for the year 126,339 (123,016) 3,323 83,032
Funds as at 1 January 2021 27,457 148,249 175,706 92,674
Fund Movement (129,993) 129,993 - -
Funds as at 31 December 2021 10 23,803 155,226 179,029 175,706

All of the charity’s activities derive d from continuing operations during the above financi a l periods.

The charity has no recognised gai n s and losses other than those shown above.

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GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 goreeb & yateem STATEMENT OF FINANCIAL POSITION Total 2021 Total 2020 Note5 Fixed Assets.. Tanglble Assets 228 Current Asse￿. Deblots and prepayments Cash al Bank and in hand 60,540 123.865 184,405 36,916 140.645 177,561 Current Liabilitie& Amount falling due ￿thin one year 5,376 2.083 Net Currènt A55etS 179,029 175,478 Total Not A￿1$ 179.029 175.706 Funds Unrestricted funds R8Stricl8d funds 10 23.803 155.226 27,457 148.249 Total Funds 179 029 175 706 These fjnanclal statements were approwj by the board of directors and authorised for issue on 26 October Shamsul Haque Trust88 Sheikh Saleh Ahrn8d Hamidi Trustee AUNNUAL REPORT 2021 Page 27

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

STATEMENT OF CASHFLOWSy

S
y
TATEMENT OF CAS		 HF LOW S
2021 2020
£ £ £ £
Cash Outflow from Operating
Activities
Operating Profit 3,323 83,032
Depreciation 228 228
(Gain)/Loss on fIxed asset disp
osal
Operating Profit Before Working
Capital Chgs		 3,551 83,260
(Increase)/Decrease in Debtors (23,624) (36,916)
Increase/(Decrease) in Creditor
s		 3,293 301
Cash from Operation
s		 (16,780) 46,645
Net Cash Generated from Oper
ations		 (16,780) 46,645
Cash Outflow from Investme
nt Activities
Purchase of Tangible Fixed Ass
ets		 - -
Net Cash inflow/outf
low from investment Activities		 - -
Cash Outflow from Financing
Activities
Increase/(Decrease) of Loans - - - -
Net Increase/(decrease) in Cas
h and Cash Equivalents		 (16,780) 46,645
Opening Cash and Cash Equiva
lents		 140,645 94,000
Closing Cash and Cash Equiva
lents		 123,865 140,645
Reconciliation:
Cash at bank and in hand 123,865 140,645
123,865 140,645

No separate statement of changes in net debt has been prepared as there is no diff e rence between the movements in cash and cash e quivalents and movement in net cash (debt).

A N N U A L R E P O R T 2 0 2 1

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GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

1 Accounting Policies

1.1 Basis of preparation of accounts:

The financial statements have b een prepared in accordance with Accounting and R e porting by Charities: Statement of Recommended P ractice applicable to charities preparing their accoun t s in accordance with the Financial Reporting Stand a rd applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP 2015 (FRS 102), and the Charities Act 2011.

The charity meets the definitio n of a public benefit entity under FRS 102. Items are r ecognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). The functional currency for presentation is st e rling, with balances rounded to the nearest pound.

1.2 Income:

Income is recognised in the p e riod when the charity is entitled to it, the income can be be measured reliably, and its probably that t h e income will be received. Donations are recognised whe n the charity has confirmation of the amount and settlement date. Income with peformance related conditions is deferred until the conditions are fully m et, or the fulfilment of those conditions is wholly w ithin the control of the charity, and probably to be fulfilled in the period.

1.3 Expenditure categories:

Expenditure is included in the s tatement of financial activities when incurred, and in c ludes attributable VAT which cannot be recovere d . It is categorised as below:

Fundraising expenditure:

These relate to the costs of re s ources in running events for public collection, as wel l as processing fees on donation platforms.

Charitable activity costs:

These expenditures are for deliverance of objectives set out in the Trustees' report, a nd relate mainly to direct charitable work cond u cted, in addition to direct costs incurred in facilitating those projects.

Support costs:

Support costs relate to the co s ts of governance, IT, finance and other activities invol v ed in managing the organisation.

1.4 Allocation of costs

Costs are allocated between r e stricted and unrestricted funds in according with the p urpose that the expenditure represents. Wher e expenditure is directly incurred for projected delivery where those projects are funded by restricted incom e , the expenditure will also be categorised as restrict e d. At present the charity does not allocate any s upport costs to restricted funds.

1.5 Tangible fixed assets and depreciation:

Tangible fixed assets are stat e d at cost less depreciation. Depreciation is provided a t the annual rates in order to write off each class of assets over its estimated useful life. FF & Office Equipment 20% on cost

1.6 Funds:

Unrestricted funds are availabl e for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are funds whi c h are to be used in accordance with specific restrictions imposed by donors or which have been rai s ed by the charity for particular purposes. The cost of raising and administering such funds are c harged against the specific fund. Further information o n projects within

A N N U A L R E P O R T 2 0 2 1

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GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

1.7 Going concern:

At the time of approving the accounts, the trustees have assessed that the charity h as adequate resources to continue in opera t ional existence for at least another 12 months, thus a dopting the going concern basis of accounts pre s entation. The Trustees do not consider COVID-19 to have had a significant impact on donations, and can d emonstrate a resilient support basis throughout the p andemic, and after the year-end.

Income Summary

2
3		 Charitable Activities Income
General Donations
Ramadan & Foodpack Project
Qurbani & Aqiqah Project
Winter Blanket Project
Tubewell Project
Healthcare & Emergency Proje
Wheel Chair Project
Housing Project
Masjid Project
Education Project
Family Empowerment Project
Gift Aid
Total Income
Expenses Summary
Fundraising Costs
TV advertising and appeals
Digital Marketing
Mailing To Donors
Printing
Social Media Campaigns
Website
Unrestricted
Restricted
2021
£
£
£
112,962
112,962
50,916
50,916
60,349
60,349
9,332
9,332
164,555
164,555
ct
50,398
50,398
14,557
14,557
179,074
179,074
228,690
228,690
155,429
155,429
35,235
35,235
60,513
60,513
173,475
948,535
1,122,010
Unrestricted
Restricted
2021
£
£
£
13,279
72,606
85,885
88
480
568
1,648
9009
10,657
1,042
5697
6,739
638
3491
4,129
378
2067
2,445
17,073
93,350
110,423		 2020
£
77,507
79,487
56,582
5,222
139,330
50,991
25,861
148,474
166,712
153,840
20,103
39,800
963,909
2020
£
90,535
596
7,869
3,216
7,528
1,400
111,144

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GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

4
Charitable Activities Cost
Direct project implementation
5
Administrative Cost
a) Support Costs
Rent, Rates and insurance
Staff costs
Telephone & Internet
Subscriptions
Consultancy
Depreciation
General office running costs
Donation processing fees
b) Governance Costs
Trustee travel costs
Audit & Accountancy Fees
Total Expenses
6
Tangible Fixed Assets:
COST
At 1 January 2021
Additions
At 31 December 2021
DEPRECIATION
At 1 January 2021
Charge for the year
At 31 December 2020
NET BOOK VALUE
At 31 December 2021
At 31 December 2020		 Unrestricted
Restricted
2021
£
£
£
8,567
893,356
901,923
8,567
893,356
901,923
Unrestricted
Restricted
2021
£
£
£
1,473
8,052
9,525
11,015
60,228
71,243
176
964
1,140
115
628
743
866
4,734
5,600
228
228
600
3,280
3,880
1,273
6,959
8,232
15,746
84,845
100,591
950
950
4,800
4,800
5,750
-
5,750
21,496
84,845
106,341
47,136
1,071,551
1,118,687
Fixtures
Computer
and Fittings equipment
Totals
£
£
£
2,367
1,013
3,380
2,367
1,013
3,380
2,139
1,013
3,152
228
228
2,367
1,013
3,380
0
0
0
228
0
228
2020
£
690,671
690,671
2020
£
8,779
50,306
947
2,316
5,400
228
1,674
7,612
77,262
1,800
1,800
79,062
880,876

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GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

7
Debtors: Amount Falling Due
Gift Aid
8
Creditors: Amount Falling Du
Wages payable
Taxation and social security
Accruals
9
Restricted funds movement:
Ramadan & Foodpack Projects
Qurbani & Aqiqah Project
Winter Blanket Project
Tubewell Project
Healthcare & Emergency Proje
Wheel Chair Project
Housing Project
Masjid Project
Education Project
Family Empowerment Project
Total
10 Movement in Funds
As at 1 January 2021
Current year
Transfer between funds
As at 31 December 2021
< One Year
2021
£
60,540
60,540
e < One Year
2021
£
293
283
4,800
5,376
Opening
Restricted
Restricted
Balance
Income
Expenses
£
£
£
32,591
50,916
52,783
60,349
66,894
9,332
9,600
23,181
164,555
176,672
ct
50,398
35,241
23,101
14,557
16,647
69,376
179,074
171,180
228,690
279,201
155,429
218,229
35,235
45,104
148,249
948,535
1,071,551
Unrestricted Restricted
Funds
Funds
£
£
27,457
148,249
126,339
(123,016)
(129,993)
129,993
23,803
155,226
2020
£
36,916
36,916
2020
£
283
1,800
2,083
Fund
Closing
Transfer
Balance
£
£
30,724
6,545
-
268
-
11,064
15,157
21,011
77,270
50,511
-
62,800
-
9,869
-
129,993
155,226
Total
£
175,706
3,323
179,029		 7
Debtors: Amount Falling Due
Gift Aid
8
Creditors: Amount Falling Du
Wages payable
Taxation and social security
Accruals
9
Restricted funds movement:
Ramadan & Foodpack Projects
Qurbani & Aqiqah Project
Winter Blanket Project
Tubewell Project
Healthcare & Emergency Proje
Wheel Chair Project
Housing Project
Masjid Project
Education Project
Family Empowerment Project
Total
10 Movement in Funds
As at 1 January 2021
Current year
Transfer between funds
As at 31 December 2021
< One Year
2021
£
60,540
60,540
e < One Year
2021
£
293
283
4,800
5,376
Opening
Restricted
Restricted
Balance
Income
Expenses
£
£
£
32,591
50,916
52,783
60,349
66,894
9,332
9,600
23,181
164,555
176,672
ct
50,398
35,241
23,101
14,557
16,647
69,376
179,074
171,180
228,690
279,201
155,429
218,229
35,235
45,104
148,249
948,535
1,071,551
Unrestricted Restricted
Funds
Funds
£
£
27,457
148,249
126,339
(123,016)
(129,993)
129,993
23,803
155,226
2020
£
36,916
36,916
2020
£
283
1,800
2,083
Fund
Closing
Transfer
Balance
£
£
30,724
6,545
-
268
-
11,064
15,157
21,011
77,270
50,511
-
62,800
-
9,869
-
129,993
155,226
Total
£
175,706
3,323
179,029		 2021
£
60,540
60,540
2021
£
293
283
4,800
5,376
Restricted
Expenses
£
52,783
66,894
9,600
176,672
35,241
16,647
171,180
279,201
218,229
45,104
2020
£
36,916
36,916
2020
£
283
1,800
2,083
Fund
Closing
Transfer
Balance
£
£
30,724
6,545
-
268
-
11,064
15,157
21,011
77,270
50,511
-
62,800
-
9,869
-
148,249
948,535		 1,071,551
129,993
155,226
Unrestricted Restricted
Funds
Funds
£
£
27,457
148,249
126,339
(123,016)
(129,993)
129,993
23,803
155,226
Total
£
175,706
3,323
179,029

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GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS

11 Staff costs

Gross wages
Employer NIC		 31.12.21
31.12.20
£
£
39,677
23,604
0
0
39,677
23,604

No staff were renumerated in e x cess of £60,000.

Average number of employe
es		 31.12.21
31.12.20
2
1

12 Taxation

The entity is a registered chari t y and does not undertake non-charitable activities, h e nce entitling it to tax exemptions from HMRC.

13 Post Balance Sheet Events

There were no significant post balance sheet events.

14 Transaction with Trustees

There were no reimbursement s made to Trustees during the year (2020: nil)

15 Contingent Liabilities

The charity had no contingent l iabilities as at 31 May 2021 nor at 31 May 2020.

16 Related Party Transactions

There were no related party transactions during the year.

17 Gifts In Kind And Volunteers

During the year the charity be n efited from unpaid work performed by volunteers.

18 Liability of members

The charity is constituted as a charitable incorporated organisation. In the event of t h e charity being wound up members have no li a bility to contribute to its assets and no personal responsibility for settling its debts and liabilities.

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Page 3316