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2022-12-31-accounts

ANNUAL REPORT

WWW.GOREEBFUND.COM

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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

259 (2ND FLOOR) WHITECHAPEL ROAD LONDON, E1 1DB

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

CHARITY REG: 1122271

CONTENTS

PAGE NUMBERS

  1. Trustees' Report 3 to 5 2. Our Projects 6 to 21 3. Independent Examiner Report 22 4. Statement of Financial Activity 23 5. Statement of Financial Position 24 6. Statement of Cash Flows 25 7. Notes to the Financial Statements 26 to 30

Page: 2 GOREEB & YATEEM TRUST FUND | ANNUAL REPORT 2022

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

TRUSTEES REPORT

Who we are

We are a charity that primarily operates to improve the quality of life for orphans and the needy in Bangladesh. Our projects are focused on health and sanitisation, education, empowerment of disabled and other disadvantaged individuals, as well as ensuring nutrition. We aim to make a difference by building community spaces for individuals who would otherwise live in a permanent state of destitution (kindly see the annual report for more details).

Financial review

As we continued a strong level of engagement with our donor base. We were able to spend around £860k on delivering essential life saving projects (kindly see the annual report for more details). The balance sheet has reserves of £135,687 of which £111,099 is for delivery of projects that we are committed to.

Reserves policy

Reserves here are used to describe the part of the charity’s funds that are freely available for its operating purposes, not subject to commitments, planned expenditure and spending limits. They exclude restricted funds, which are subject to conditions of use, as specified by donors. We aim to maintain reserves that would provide at least 3 months operational continuity in the event of any instance in which the charity would have to temporarily halt its activities.

The trustees believe the financial statements should be prepared on the going concern basis, and that the charity is slowly work towards operating at its desired reserves level.

Page: 3 GOREEB & YATEEM TRUST FUND | ANNUAL REPORT 2022

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

TRUSTEES REPORT

Page: 4 GOREEB & YATEEM TRUST FUND | ANNUAL REPORT 2022

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Statement on Trustees’ Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulatory requirements applicable to registered charities in England & Wales. The Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards) and applicable law, and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (Charities SORP) FRS102.

Under charity law the Trustees 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 Charity, its income and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity to ensure that the financial statements comply with the Charities Act 2011. 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.

In so far as the Trustees are aware:

Sheikh Saleh Ahmed Hamidi

Trustee

12[th] October 2023

Page: 5 GOREEB & YATEEM TRUST FUND | ANNUAL REPORT 2022

GOREEB & YATEEM TRUST FUND HOUSING PROJECT-2022 MOULVIBAZAR 2022 SO FAR HOUSING PROJECT 95 Houses Built Over 650 Houses Constructed Our Housing project provides a permanent shelter for poor families that are living in rural and poor conditions. The extreme floods caused in 2022 has destroyed thousands of homes and we have received so many applications frorn those affected. ANNUAL REPORT2022

After efore After 11 Before After Befo After Before After ' Before After ANNUAL REPORT 2022

2022 24 Masjid Built SO FAR 74 Masjid Constructed Our first Masjid was constructed in 2012 from a single donor who had the desire to build a place of worship. This then transpired into a fully-fledged project in 2019 and since then we have constructed 74 Masjids. Each Masjid can hold up to 120 to 150 worshippers at one single time. ANNUAL REPORT 2022

Before After ore After After After After After After r TTTTTYTTTT t,IIT.[,1111 . ANNUAL REPORT 2022

-1 2022 425 Water Wells Installed SO FAR WATER PROJECT 2,185 Water Wells Installed Access to fresh and clean water is one of Bangladesh's biggest problem with many areas till today struggling. We provide both tube well and deep tube well depending on the location and need of the area. In 2022, we provided 25 deep tube wells in Bangladesh. 10 ANNUAL REPORT 2022

teb&Y*emTru%Funa har 8EWELLPROJECT 2021 IfE85 YAIEtIlNal F SUNQIRYII GAIBIKDHA Et8FY17EI¥117WII 2022 Galbanklha Cumi B$YATFIX IRUSTFUNJ Nabl9otsJ I ¥J anga ANNUAL REPORT 2022 11

IY•X:.: 2022 Over £20K Spent to Empower Families SO FAR Over £148K Spent to Empower Families Our Family Empowerment project enables an individual to earn a Sivelihood for their family. We do this by providing them tool and machinery to earn an income. So far, we have distributed 385 rickshaws, 956 sewing machines, 215 fishing boats and 150 Two Wheeled Carts (Thelagari). ANNUAL REPORT 2022 12

tIlN •a•• PH9 ANNUAL REPORT2022 13

GOREEB & YATE UST FUND zar, Sunamganj Ramadan Family Food Pac Distribution.2022 UK REG:1122271 BD R bfund.CDm &FFEB 6 YA TEEM TRUSlid¥U RAMADAN £fr FAMILY FOOD PACK 2022 SO FAR 3,822 Food Packs Distributed 17,247 Food Packs Distributed The cost of living and inflation has impacted Bangladesh drastically with many families struggling to afford basic necessities and groceries. A family food pack feeds a family of four for 30 days. 14 ANNUAL REPORT 2022

oiilvl Kamalga 60ffEBS mganj 111 ItW5T i41m0n￿liat. -&.1￿. Sreemangal ANNUAL REPORT 2022 15

GOREEB & YATEEM TRUST FUN HEALTH CARE AND MEDICAL FREE MEDICA¥ PROJECT-2022 1 1122271 WWW.GOREEBFUN CJ @ BD REG. I, 2022 Over £39K Spent SO FAR Over £345K Spent Our Healthcare and Medical Project provides all types of medical care to the poor and needy people of Bangladesh. We carry out medical camps to assess and cure illnesses as well as cataract surgeries. In the summer of 2022, north-east Bangladesh was hit with the worst flooding in nearly two decades. Our team was on the ground providing aid to thousands of people. 16 ANNUAL REPORT 2022

M•dleal Camp GQREEB & YATEEM TRU51 F U HEALTH CARE r4ND MEDICAL FREE MEBI& . PRQJECT-202 CAMP REEB & Y ATEEM TRUST FUNO IIJ MEDICAL FREE MEDICAL CAMP CT-2022 Iw ti c EY -m TRUST f!IpJn li EE MED 6. 1650 ME EC •:..Y.7 71 GOREEB fiYP- HEAL UST FUND IIOJEC 6.1122211 Bllnd su port Indlvlth￿. Medlcal S ANNUAL REPORT 2022 17

AIR WHEELCHAIR PROJECT 2022 120 Wheelchairs distributed SO FAR 6,575 Wheelchairs dSstributed WIIELCHAIA PRW.202 Our Wheelchair project has helped thousands of disabled people in their mobility. Wheelchair is not actively purchased by the poor because it is seen as an expensive item. We have made this possible for so many people across Bangladesh. 18 ANNUAL REPORT 2022

IOJ EDUCATION PROJECT 2022 Over £142K Spent SO FAR Over £824K Spent Education should be accessible to all children but this is not the case in Bangladesh. Our Education Project provides education to hundreds of students including Blind Hafiz. The donations cover the children's education, fcod, medical and accommcdation. ANNUAL REPORT 2022 19

QURBANI AKIKAH YATEEM TRUST FUND 022 2022 1,242 unlts of Qurbanl dlstrlbuted SO FAR 7,037 units of Qurbani distributed Qurbani and Akikah is a very joyous occasion for many poor households as they receive free meat which is unaffordable for them. Meat is seen as a luxury item for the poor people of Bangladesh and on these special occasions, they are able to share thejoy 20 ANNUAL REPORT 2022

1OJwiNTER PROJECTI Iy- 2022 700 Winter Blankets distributed SO FAR 15,548 Winter Blankets distributed Winter is always a very rough and tough time for everyone as services are overstretched and people generally fall ill. Poor families sometimes don't have basic items like a blanket and sleeping bag to keep them safe and warm from the winter cold. ANNUAL REPORT2022 21

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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 the charity for the year ended 31[st] December 2022.

Responsibilities and basis of report

The charity’s trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

The charity’s gross income exceeds £250,000, which requires an examiner to be appointed from a listed body.I confirm that I am qualified to undertake the examination because I am a member of the ACCA, which is one of the listed bodies, in section 124 of the Charities Act 2011.

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 charity as required by section 130 of the Act; or

  2. The accounts do not accord with those records

  3. The accounts do not comply with the applicable reporting requirements

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.

Iqbal Chowdhury FCCA

Association of Chartered Certified Accountants

16 High Holborn

London

WC1V 6BX

Date: 12[th] October 2023

Page: 22 GOREEB & YATEEM TRUST FUND | ANNUAL REPORT 2022

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND EXPENDITURE
INCOMING RESOURCES
Total
Unrestricted
Restricted
2022
Notes
£
£
£
Donations and Legacies
2
14,248
819,367
833,615
Gift Aid
144,578
144,578
Total Income
158,826
819,367
978,193
RESOURCES EXPENDED
Fundraising Costs
3
17,493
90,238
107,731
Charitable Activities Costs
4
9,048
850,313
859,361
Administrative Costs
5
10,378
44,065
54,443
Total Resources Expended
36,919
984,616
1,021,535
Net Surplus for the year
121,907
(165,249)
(43,342)
Funds as at 1 January 2022
23,803
155,226
179,029
Fund Movement
(121,122)
121,122
-
Funds as at 31 December 2022
10
24,588
111,099
135,687		 Total
2021
£
1,061,497
60,513
1,122,010
110,423
901,923
106,341
1,118,687
3,323
175,706
-
179,029

All of the charity’s activities derived from continuing operations during the above financial periods.

The charity has no recognised gains and losses other than those shown above.

Page: 23 GOREEB & YATEEM TRUST FUND | ANNUAL REPORT 2022

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

STATEMENT OF FINANCIAL POSITION

Fixed Assets:
Notes
Tangible Assets
6
Current Assets:
Debtors and Prepayments
7
Cash at Bank and in hand
Current Liabilities:
Amount falling due within one year
8
Net Current Assets
Total Net Assets
Funds
Unrestricted funds
10
Restricted funds
9
Total Funds		 £
62,135
74,552		 Total
2022
£
-
135,687		 60,540
123,865		 Total
2021
£
-
179,029
136,687
1,000		 184,405
5,376

135,687 179,029
24,588
111,099		 23,803
155,226
135,687 179,029

These financial statements were approved by the board of directors and authorised for issue on 20 October

Shamsul Haque Sheikh Saleh Ahmed Hamidi Trustee Trustee

Page: 24 GOREEB & YATEEM TRUST FUND | ANNUAL REPORT 2022

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

STATEMENT OF CASHFLOWS

Cash Outflow from Operating Activities
£
Operating Profit
(43,342)
Depreciation
-
(Gain)/Loss on fixed asset disposal
Operating Profit Before Working Capital Charges
(43,342)
(Increase)/Decrease in Debtors
(1,415)
Increase/(Decrease) in Creditors
(4,376)
Cash from Operations
Net Cash Generated from Operations
(49,133)
Cash Outflow from Investment Activities
Purchase of Tangible Fixed Assets
-
Net Cash inflow/outflow from investment Activities
Cash Outflow from Financing Activities
Increase/(Decrease) of Loans
Net Increase/(decrease) in Cash and Cash Equivalents
-
Opening Cash and Cash Equivalents
Closing Cash and Cash Equivalents
Reconciliation:
Cash at bank and in hand		 £
(43,342)
-		 £
(43,342)
-		 £
(43,342)
-		 2022
£
(49,133)
-
-
(49,133)
123,685		 £
2021
£
3,323
228
3,551
(23,624)
3,293
(16,780)
(16,780)
-
-
-
-
(16,780)
140,645
123,865
123,685
123,685		 £
2021
£
3,323
228
3,551
(23,624)
3,293
(16,780)
(16,780)
-
-
-
-
(16,780)
140,645
123,865
123,685
123,685

(16,780)

-
-
74,552 123,865
74,552 123,685
74,552 123,685

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

Page: 25 GOREEB & YATEEM TRUST FUND | ANNUAL REPORT 2022

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

1 Accounting Policies

Basis of preparation of accounts:

The financial statements have been prepared in accordance with 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) - (Charities SORP 2015 (FRS 102), and the Charities Act 2011.

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

Income:

Income is recognised in the period when the charity is entitled to it, the income can be be measured reliably, and it’s probably that the income will be received.

Donations are recognised when the charity has confirmation of the amount and settlement date. Income with performance related conditions is deferred until the conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity, and probably to be fulfilled in the period.

Expenditure categories:

Expenditure is included in the statement of financial activities when incurred, and includes attributable VAT which cannot be recovered. It is categorised as below:

Fundraising expenditure:

These relate to the costs of resources in running events for public collection, as well as processing fees on donation platforms.

Charitable activity costs:

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

Support costs:

Support costs relate to the costs of governance, IT, finance and other activities involved in managing the organisation.

Allocation of costs

Costs are allocated between restricted and unrestricted funds in according with the purpose that the expenditure represents. Where expenditure is directly incurred for projected delivery where those projects are funded by restricted income, the expenditure will also be categorised as restricted. At present the charity does not allocate any support costs to restricted funds.

Tangible fixed assets and depreciation:

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the annual rates in order to write off each class of assets over its estimated useful life.

FF & Office Equipment 20% on cost

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

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. Further information on projects within restricted funds

Page: 26 GOREEB & YATEEM TRUST FUND | ANNUAL REPORT 2022

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

Going concern:

At the time of approving the accounts, the trustees have assessed that the charity has adequate resources to continue in operational existence for at least another 12 months, thus adopting the going concern basis of accounts presentation. The year-end 2022 shows a depletion of unrestricted reserves, however this was significantly built up again in the subsequent months following successful fundraising campaigns in the month of Ramadan. The first 6 months of 2023 have shown a surplus of £0.2m, and with careful management, the charity will now look to rebuild its unrestricted reserves.

Income Summary

2
Charitable Activities Income
Unrestricted
Restricted
2022
£
£
£
General Donations
14,248
14,248
Ramadan & Food Pack Project
58,218
58,218
Qurbani & Aqiqah Project
58,039
58,039
Winter Blanket Project
5,530
5,530
Tube Well Project
126,397
126,397
Healthcare & Emergency Project
37,364
37,364
Wheel Chair Project
15,230
15,230
Housing Project
138,560
138,560
Masjid Project
239,231
239,231
Education Project
110,191
110,191
Family Empowerment Project
30,607
30,607
Gift Aid
144,578
144,578
Total Income
158,826
819,367
978,193		 2021
£
112,962
50,916
60,349
9,332
164,555
50,398
14,557
179,074
228,690
155,429
35,235
60,513
1,122,010

Expenses Summary

3
Fundraising Costs
Unrestricted
£
TV advertising and appeals
14,545
Digital Marketing
326
Mailing To Donors
1,489
Printing
654
Social Media Campaigns
Website
479
17,493		 Restricted
2022
£
£
75,036
89,581
1680
2,006
7679
9,168
3371
4,025
-
2472
2,951
90,238
107,731		 2021
£
85,885
568
10,657
6,739
4,129
2,445
110,423

Page: 27 GOREEB & YATEEM TRUST FUND | ANNUAL REPORT 2022

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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
Payroll processing
General office running costs
Donation processing fees
b) Governance Costs
Trustee travel costs
Audit Fees
Total Expenses
6
Tangible Fixed Assets:
COST
At 1 January 2022
Additions
At 31 December 2022
DEPRECIATION
At 1 January 2022
Charge for the year
At 31 December 2022
NET BOOK VALUE
At 31 December 2022
At 31 December 2021		 Unrestricted
£
9,048
9,048
Unrestricted
£
1,557
3,991
188
119
974
960
597
992
9,378
1,000
1,000
10,378
36,919
Fixture Computer
and Fittin equipment
£
£
2,367
1,013		 Restricted
£
2022
£
850,313
859,361
850,313
859,361
Restricted
2022
£
£
8,035
9,592
20,587
24,578
972
1,160
614
733
5,026
6,000
-
960
3,716
4,313
5,115
6,107
44,065
53,443
-
1,000
-
1,000
44,065
54,443
984,616
1,021,535
Totals
£
3,380
3,380
3,380
3,380
0
0		 2021
£
901,923
901,923
2021
£
9,525
71,243
1,140
743
5,600
228
-
3,880
8,232
100,591
950
4,800
5,750
106,341
1,118,687
2,367
1,013
2,367
1,013
2,367
1,013
0
0
0
0

Page: 28 GOREEB & YATEEM TRUST FUND | ANNUAL REPORT 2022

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

7
Debtors: Amount Falling Due < One Year
2022
£
Gift Aid
62,135
62,135
8
Creditors: Amount Falling Due < One Year
2022
Wages payable
£
Taxation and social security
Accruals
1,000
1,000
9
Restricted funds movement:
Opening
Restricted
Restricted
Ramadan & Food Pack Projects
Balance
£
30,724
Income
£
58,218
Expenses
£
70,289
Qurbani & Aqiqah Project
-
58,039
81,129
Winter Blanket Project
-
5,530
9,071
Tube Well Project
11,064
126,397
120,286
Healthcare & Emergency Project
15,157
37,364
47,440
Wheel Chair Project
21,011
15,230
11,131
Housing Project
77,270
138,560
173,699
Masjid Project
-
239,231
277,402
Education Project
-
110,191
166,511
Family Empowerment Project
-
30,607
27,658
Total
155,226
819,367
984,616
10 Movement in Funds
Unrestricted
Funds
£
Restricted
Funds
£
As at 1 January 2022
23,803
155,226
Current year
121,907
(165,249)
Transfer between funds
(121,122)
121,122
As at 31 December 2022
24,588
111,099		 7
Debtors: Amount Falling Due < One Year
2022
£
Gift Aid
62,135
62,135
8
Creditors: Amount Falling Due < One Year
2022
Wages payable
£
Taxation and social security
Accruals
1,000
1,000
9
Restricted funds movement:
Opening
Restricted
Restricted
Ramadan & Food Pack Projects
Balance
£
30,724
Income
£
58,218
Expenses
£
70,289
Qurbani & Aqiqah Project
-
58,039
81,129
Winter Blanket Project
-
5,530
9,071
Tube Well Project
11,064
126,397
120,286
Healthcare & Emergency Project
15,157
37,364
47,440
Wheel Chair Project
21,011
15,230
11,131
Housing Project
77,270
138,560
173,699
Masjid Project
-
239,231
277,402
Education Project
-
110,191
166,511
Family Empowerment Project
-
30,607
27,658
Total
155,226
819,367
984,616
10 Movement in Funds
Unrestricted
Funds
£
Restricted
Funds
£
As at 1 January 2022
23,803
155,226
Current year
121,907
(165,249)
Transfer between funds
(121,122)
121,122
As at 31 December 2022
24,588
111,099		 2022
£
62,135


Fund
Transfer
£
23,090
3,541
38,171
56,320		 2021
£
60,540
62,135 60,540
2022
£
1,000		 2021
£
293
283
4,800
5,376

1,000
Restricted
Expenses
£
70,289
81,129
9,071
120,286
47,440
11,131
173,699
277,402
166,511
27,658		 Closing
Balance
£
18,653
-
-
17,175
5,081
25,110
42,131
-
-
2,949
111,099
155,226
819,367		 984,616 121,122



Unrestricted
Funds
£
Restricted
Funds
£
23,803
155,226
121,907
(165,249)
(121,122)
121,122
24,588
111,099
Total
£
179,029
(43,342)
135,687

Page: 29 GOREEB & YATEEM TRUST FUND | ANNUAL REPORT 2022

GOREEB & YATEEM TRUST FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

11 Staff costs

Gross wages
Employer NIC		 31.12.22
31.12.21
£
£
55,727
23,604
0
0
55,727
23,604

No staff were remunerated in excess of £60,000.

Average number of employees 31.12.22
31.12.21
4
2

12 Taxation

The entity is a registered charity and does not undertake non-charitable activities, hence entitling it to tax exemptions from HMRC.

13 Post Balance Sheet Events

There were no significant post balance sheet events.

14 Contingent Liabilities

The charity had no contingent liabilities as at 31 December 2022 nor at 31 December 2021.

15 Related Party Transactions

A close family member of one of the trustees (S Hamidi) received £2,650.50 via payroll for work performed in the year (2021; £nil)

16 Gifts in Kind and Volunteers

During the year the charity benefited from unpaid work performed by volunteers.

Page: 30 GOREEB & YATEEM TRUST FUND | ANNUAL REPORT 2022