REGISTERED CHARITY NUMBER: 1125910
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
THE AFGHAN CHILDREN'S TRUST
Andertons Europe Limited 1st Floor 156 Cromwell Road Kensington London SW7 4EF
THE AFGHAN CHILDREN'S TRUST
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 |
THE AFGHAN CHILDREN'S TRUST
Report of the Trustees for the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Structure, governance and management Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Reference and administrative details Registered Charity number
1125910
Principal address
Flat1 , 151 Lennox Gardens London SW1X 0DF
Trustees
MRS M Gailani M D Zekrya H J N Nezam M Nazemi
Independent Examiner
Andertons Europe Limited 1st Floor 156 Cromwell Road Kensington London SW7 4EF
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................................
M Nazemi - Trustee
Page 1
Independent Examiner's Report to the Trustees of THE AFGHAN CHILDREN'S TRUST
Independent examiner's report to the trustees of THE AFGHAN CHILDREN'S TRUST
I report to the charity trustees on my examination of the accounts of THE AFGHAN CHILDREN'S TRUST (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Alwin Cumlajee FCCA FAIA Andertons Europe Limited 1st Floor 156 Cromwell Road Kensington London SW7 4EF
Date: .............................................
Page 2
THE AFGHAN CHILDREN'S TRUST
Statement of Financial Activities for the Year Ended 31 December 2022
| 2022 Unrestricted fund Notes £ Income and endowments from Donations and legacies 65,645 Expenditure on Raising funds - Charitable activities Charitable donations 18,000 Other 480 Total 18,480 NET INCOME/(EXPENDITURE) 47,165 Reconciliation of funds Total funds brought forward 724,831 Total funds carried forward 771,996 |
2021 Total funds £ - 2,071 - - 2,071 (2,071) 726,902 724,831 |
|---|---|
The notes form part of these financial statements
Page 3
THE AFGHAN CHILDREN'S TRUST
Balance Sheet 31 December 2022
| 2022 Unrestricted fund Notes £ Current assets Cash in hand 770,580 Creditors Amounts falling due within one year 4 (1,430) Net current assets 769,150 Total assets less current liabilities 769,150 NET ASSETS 769,150 Funds 5 Unrestricted funds 769,150 Total funds 769,150 |
2021 Total funds £ 725,781 (950) 724,831 724,831 724,831 724,831 724,831 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. M Nazemi - Trustee
The notes form part of these financial statements
Page 4
THE AFGHAN CHILDREN'S TRUST Notes to the Financial Statements for the Year Ended 31 December 2022
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 5
continued...
THE AFGHAN CHILDREN'S TRUST Notes to the Financial Statements - continued for the Year Ended 31 December 2022
2. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
3. Comparatives for the statement of financial activities
| Comparatives for the statement of financial activities | |
|---|---|
| Unrestricted | |
| fund | |
| £ | |
| Expenditure on | |
| Raising funds | 2,071 |
| NET INCOME/(EXPENDITURE) | (2,071) |
| Reconciliation of funds | |
| Total funds brought forward | |
| As previously reported | - |
| Prior year adjustment | 726,902 |
| As restated | 726,902 |
| Total funds carried forward | 724,831 |
Page 6
continued...
THE AFGHAN CHILDREN'S TRUST
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
4. Creditors: amounts falling due within one year
| Other creditors 5. Movement in funds At 1.1.22 £ Unrestricted funds General fund 724,831 TOTAL FUNDS 724,831 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 65,645 TOTAL FUNDS 65,645 Comparatives for movement in funds Prior year adjustment £ Unrestricted funds General fund 726,902 TOTAL FUNDS 726,902 |
2022 £ 1,430 Net movement in funds £ 44,319 44,319 Resources expended £ (21,326) (21,326) Net movement in funds £ (2,071) (2,071) |
2021 £ 950 At 31.12.22 £ 769,150 769,150 Movement in funds £ 44,319 44,319 At 31.12.21 £ 724,831 724,831 |
|---|---|---|
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continued...
THE AFGHAN CHILDREN'S TRUST
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
5. Movement in funds - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds General fund - (2,071) TOTAL FUNDS - (2,071) A current year 12 months and prior year 12 months combined position is as follows: Prior Net year movement At 1.1.21 adjustment in funds £ £ £ Unrestricted funds General fund - 726,902 42,248 TOTAL FUNDS - 726,902 42,248 |
Movement in funds £ (2,071) (2,071) At 31.12.22 £ 769,150 769,150 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
|---|---|---|
| General fund | 65,645 (23,397) |
42,248 |
| TOTAL FUNDS | 65,645 (23,397) |
42,248 |
Page 8
continued...
THE AFGHAN CHILDREN'S TRUST
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
6. Related party disclosures
There were no related party transactions for the year ended 31 December 2022.
Page 9
THE AFGHAN CHILDREN'S TRUST Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Income and endowments Donations and legacies Donations Total incoming resources Expenditure Raising donations and legacies Foreign exchange gain / loss Accountancy Charitable activities Exceptional items Other Independent Examination fee Total resources expended Net income/(expenditure) |
2022 £ 65,645 65,645 - - - 18,000 480 18,480 47,165 |
2021 £ - - 1,596 475 2,071 - - 2,071 (2,071) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 10