## 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:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP 2015 (FRS 102);
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable UK Accounting Standards have been followed, subject to any material
- Departures disclosed and explained in the financial statements;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that
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:
- There is no relevant audit information of which the charitable company’s auditor is unaware; and
- The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
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
i41m0nliat.
-&.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