Oo¢usign Envelope ID: EEOFOC2C-CCSE-435F-8008-$43D933005SC Charlty Number: 1122875 ESSA FOUNDATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
Docusign Envelope ID.. EEOFOC2CICSE43SF400&5430933005SC ESSA FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Yakub Ibrahim Patel Adam Hassan Umarii Ibrahim Bobat Charity Number: 1122875 Buslness Address PO Box 2076 Lynstock House Lynstock Way Lostock Bolton BL6 4SA Independent examlner Cowgills Limited Chartered Accountants Fourth Floor Unit 5B Tho Parklands Bolton BL6 4SD
Docusfign En¥elop& ID: EEOFOC2C-CCSE-43SF-800W30933005SC ESSA FOUNDATION CONTENTS Page Trustees, report Independent examiners, report to the trustees statement of financial activities Balance sheet Statement of cash flov Notes to the financial statements
Docu8n Envtslope ID.. EEOFOC2C-CC5E435F-8008-54309330055C ESSA FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees present their report along with the financial statements ofthe charity for the year ended 30 September 2024. The financial statements have been prepared in accordance with the accounting policles set out on page 7 and comply with the Charty's trust deed and applicable law. Constltutlon and charitable ob.ects The Essa Foundation is constituted under a trust deed dated 17 September 2007 and is a registered Charity number 1122875. The objects of the charity are to Telieve poverty, to support and provide funds to organisats'ons which provide religious or otherwise education to children and to donate funds for general charitable purpose. Develo ment a¢llvltle8 and achlevements th18 ear The trustees consider that the charity has continued to carry out its objectives. uture develo ments The charity will strive to meet it3 fvndamental objectives in thls coming year by increasing its activities in the local and wider communities. Transactlons and financlal osltlon The statement of financial actlvlties Shov a net increase in accumulated funds for the year of £203,613 as Essa Foundation carried out its objectives and the accumulated reserves stand at £274,294 in total. eseTheg The trustees are confident that the reserves will be utllised In pursuance of the charities objectlves. anlsatlonal structure The trustees who served during the year and since the year end are set out at the front of these accounts. Trustees are appointed by the board of trustees. Rlsk mana eman The trustees have examined the strateglc, business and operatlonal rlsks which the charity faces and confirm that the systems have been established to enable regular reports to be produced $0 that the necessary steps are taken to lessen these risks. statement of the Trustees, Flnanclal Res onslbllllles The trustees are responsible for preparing the Annual Report and the financial statements in accordance viith applicable law and regulations. The trustees are required to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of The Essa Foundation and of its incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees should follow best practice and: Select suitable accounting policies and apply these consistently Make judgements and estimates that are reasonable and prudent
Docu8ign Envelopè ID.. EEOFOC2GCC5E-435F-8008-54309330055C ESSA FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Prepare the financial statements on a going concern basis unless it is inappropriate to assume that Essa Foundation will continue their activities. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure the financial ststements comply with the applicable law, regulations and the trust deed. 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. On behalf of the Board of Trustees 81qn•dty.' DATE: 3/3/2025 1 10:21 AM GMT
Oocusign Envelope ID: EEOFOC2C-CC5E435F-8008-543D9330055C ESSA FOUNDATION INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 I report to the trustees on my examination of the accounts of Essa Foundation {the twst) for the year ended 30 Seplember 2024, which are set out on pages 4 to 8. Res onslbllltle and basls of re ort 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 {%he Act"). I report in respect of my examination of the Twstee's accounts carried out under section 145 of the 2011 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 2011 Act. ndent examlners, statoment I have completed my examination. I confirm that no material matters have come to my attention In connection with my examination givlng me cause to belleve that In any material aspect: 1) accounting records were not kept in respect of the Trust as requlred by section 130 of the Act; or 2) the account8 do not accord with those records: or 3) the accounts do not comply wilh 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 examinalion. I have no concerns and have come across no other matters in connection wlth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached, DATE: ALEX HESKETH ACA COWGILLS LIMITED CHARTERED ACCOUNTANTS Fourth Floor Unit 58 The Parklands Lostock Bolton BL6 4SD
Docusign Envelope ID.. EEOFOC2C4CSE435F-800&543D9330055C ESSA FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Noles Unrestricted Restricted Funds Funds Total 2024 Total 2023 INCOME AND ENDOWMENTS FROM: Donations 47 Total Income from charllable actlvltles 470 000 Expendlture on: Accountancy fee$ Donations Bank charges 1.140 265,000 247 1.140 265,000 247 1,140 212,000 Total expenditure on charitable activities 266 387 266 387 Net movement In fund• 203,613 203,613 (213,384) Total funds brought forward 1 284 065 Total fund8 ¢arrled fornard The note5 on page 7-8 form part of these financial statements.
DOcusn Envelope ID.. EEOFOC2&CC5E-435F-8OOB-54309330055C ESSA FOUNDATION STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Notes CURRENT ASSETS Cash at bank and in hand 275 244 275,244 71,631 CREDITORS: Amounts falllng due wlthln one year Net Current Asso18 274 294 NET ASSETS FUNDS Unrestricted funds 68 by.. 852e82C885B0459 Ibrahlm Bobat Trustee DATE: 3/3/2025 1 10:21 AM GMT The note8 on page 7-8 fonn part of these financial statements.
Oo¢vsOgn Envelope ID: EEOFOC2C-CCSE435F-800B-543D9330055C ESSA FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Noto 2024 2023 Cash flows from operatlng actlvltlos: Net cash provided by (used in) operats'ng acts'vities 203,613 {213,384) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 203,613 71.631 (213,384) 285,015 Cash and cash equivalents at the end of the reporting period 275,244 71,631
Oo¢uslgn Envelope ID-. EeoFOC2C-CC5E435F-8008-S4309330055C ESSA FOUNDATION NOTES TO THE FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTING POLICIES 1.1 Basls of accountlng The financial statements are prepared In accordance with applicable accounting standards Including FRS102"The Financial Reporting Standard applicable in the UK and Republic of Ireland" using the historical cost convention. The financial statements reflect the requirements of the Statements of Recommended Practice 'Reporting and Accounting by Charities, issued in October 2019. 1.2 Incomo and endowments Income and endowments from charrtable activities is received by way of donations and gifts and Is included in full in the Statement of Flnancial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included. 1.3 Expendltur• Expenditure on charitable acllvlties are recognlsed In the year In which they are Incurred. Expenditure on charitable activities include attributable VAT. which cannot be recovered. Support costs are those costs incurred directly In support of expenditure on the objects of the charity and include proiecl management. Management and administration costs are those incurred in Connection with administration of the charity and compliance with constitutional and statutory requlrements. DONATIONS Unrestrlcted Funds 2024 2023 Donats'ons received CREDITORS: Amounts falllng due wlthln one year 2024 2023 Accruals & deferred income UNRESTRICTED FUNDS 10ct23 Incomlnq Outqoino Transfers 30 Sept 24 Unrestricted fund
Docusign Envelope ID.. EEOFOC2C4CSE-435F4008-543D9330055C ESSA FOUNDATION NOTES TO THE FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 RECONCILIATION OF NET MOVEMENTS IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net movement In funds for the reportlng porlod (as per tha statement of flnanclal actlvltles Adjustments for: Decreasel(increase) in debtors Increaselldecrease) in creditors Net cash used In operatlng actlvltle8 203,613 (213.384) 203,613 213.384