Stanhill Foundation (A company limited by Guarantee) Report and Financial Statements For the Year Ended 30 November 2023 Charity Number 1129600 Registered Company Number 6756042
Stanhill Foundation Report of the trustees for the year ended 30 November 2023 The trustees are pleased to present report of the charity together with the financial statements of the charity for the period 1 Dgcember 2022 to 30 November 2023 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statemants comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Pra¢ti¢e. Our purposes and activities Stsnhill Foundation promotes charitsble pu0$e$ for the benefit ot. the community of Lancashire, racial harmony, edu¢ation. culture, financial hardship, advancement of faith, humanitarian causes, exclusively ch8ritable Causes In accordance wlth the laws of England and Wales as the trustees may from time to time decide. Slanhill foundation reiVed donations of £78,680 in the period which allowed it to make saveral grants in respect of the following fields. Human rights Academic Projects Religious Causes Education Povertylhardship The charity trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties. Flnancial review & Reserves pollcy During the year there has been £78,680 (2022: £287,719) of in(x)me all of which was derived from donations and grants. Totsl expenditure for the year was £81,665 (2022: £337,164). Governance costs amounted to £1.514 and distributions amounting to £80,145 w8r8 made. Accordingly, the Foundation recorded a deficit of £2,985 for the period and the total funds carried forward amounted to £1.924.
The Trustees have determined that unrestricled general reserves of at least £3,000 will be maintained in order to ensure that average annual operating and governance costs can be maintained at all times. At the y8ar end the charity held cash in hand of £4,324, of which restricted funds were £2,833. The charity relurned to having over £3.000 of unrestricted funds early in the subs8quenl year. The Truste8s are of the view that the Foundation is a going concem.
Reference and admlnlstrative details Charity number 1129600 Company number 6756042 Registèred Office Partnership House. Cadisle Place. London, SW1 P 1 BX Directors and trustees The directors of the Foundation are its trustees for the purpose of charity law. The trustees and officers serving during the year and on a continuing basis are.. Chairman of Trustees: Ilyas Khan Trustees: Anton, de Piro D'Amico Inguanez (Anton. d8 Piro) Waseem Shiraz Secretary: Waseem Shirdz structure, Governance and Management Governing Document Stanhill Foundation is a company limited by guarantee with company number 6756042 and is governed by its Memorandum and Articles ofAsso¢ialion dated 15 April 2019. It is a registered charity with the Charity Commission with charity number 1129600. Appointment of Trustees As set out in the Articles of Association trustees can be appointed by ordinary resolution or by a decision of the Directors. There must be at all times at least Iwo serving Trustses. None of the trustees receive remuneration or other benefils for their work with the Ftyjndation. Trustee tralnlng New trustees are provided with a briefing of th8ir legal obligations under charity and company law, the Charity Commission guidance on public benefil and the contents of the Foundation's Memorandum and Articles of Association. The Foundation will also facilitate access to external professional advisers should this be required.
Trustees. responsibilities In relation to the financlal statements The trustees (who are also directors of Stsnhill Foundatlon for the purposes of company law) are resFonsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Unit8d Kingdom Generally Accepted Accounting Practi.) Company law requir8S the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that pericrfj. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; comply with applicable accounting standards, including FRS 102, subject to any material departures disclosed and explained in the financial statements.. state whether a Statement of Recommended Practice (SORP) applles and has been followed, subject to any material departures which are explained in the financial statements. make judgements and estimates that are reasonable and prudent,. and prepare the financial statements on the going concem basis unless it is inappropriat8 to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the fnanCIal position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities Act 2011. They are also responsibl& for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregul8ritl8S. Extsrnal Scrutiny As a charity with a gross income in excess of £25,000 bul not exceeding £1,000,000 accounts musl be subject to outside scrutiny but trustees may choose either independent examination or audit by a registered auditor, unless the charity's goveming document stipulates one or the other. The Foundation's governing documents do not stipulate examination by an auditor and therefore extemal scrutiny has been undertaken by Independent examination By order of the board Trust8e- Anton. de Piro Date:
Independent Examinerfs Rèport to the Trustses of Stanhill Foundalion ('Ihe compan I repJrt lo the charlty trustees on my examination of the aGcounts of the Company for th8 year end8d 30 November 2023. Responslbllltles and basis of report As the charlws Injstees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 A¢t'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charily's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of th8 2011 Act. Independent Examinerfs Statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or the a¢wunts do not accord with those records. or the accounts do not comply with the aCunting quIreMents of section 396 of the 2006 Act other than any requirernent that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination., or the accounts have not been prepar8d in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reForting by charities. 21 31 41 I have no concems 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 accounls to be reached. LLP Adam Fullerton, FCA For and on behalf of Moore lfjngston Smith LLP Chartered Accountants 9 Appold Street London EC2A 2AP Date: 3 October 2024
Stanhlll Foundation statement of Financial Activities (Incorporatlng the Income and Expenditure account) For the year end 30 November 2023 2023 Unr8strict8d Restricted 2022 unrestre Restr¢cted Totsl 2023 Totsl 2022 Notgs IrKome from. Donation5 43,685 78,680 267.327 17.0(N) 284.327 Other trading acthvthes 3.392 3,392 Total 78.680 78,680 270.719 17,000 287.719 ExpeNJilLwe on: Charitable Activit8 81,665 81,665 320,164 17.000 337.164 Total 81,665 12,985) 81,665 320.164 17,000 337.164 149,4451 Ngt Movemenl in Funds 12,9851 149.4451 Funds br(Jught forward 2,076 2,833 4,909 51.521 2.833 54,354 Funds ¢arrled fONd 10 09 2,833 4,909 l inwma and expenditure derives from conlinuiro actwit. The notes on page 9 to 12 form an integral part of Ihgse g¢Ltnts.
Stanhill Foundation Balance Sheet as at 30 November 2023 2023 2023 2022 2022 Current ass8ts Cash at bank and in hd Other debl 4,324 4,324 7,309 Credttors: aUnts falllng du• within ono y•ar 2.400 N•t current assets 1,924 Total asGets l•ss ¢urrent liabilities Funds General fund$ 10 Resln"¢ted ftjnds I)9) 2.833 2,076 1.924 Th¥$0 financial statements have been ppared in accordan Wbth the special provisws of Part 15 of the Companies Act 2006 relating to small ¢ompanl8s. Forlhg year ondèd 30 November 2023 the company w8S ent8d to ¢x&mption from audit under section 477 of the Companies Act 2006 reL2ting to small (x)Mpan$. The members have nol requi1 the company to obtain ark aL*Jit in acurdance with sectiDn 476 of the Companies Act 2QO6. The directors acknoYAgdge ihgr responsibilty ts ccfflplying with th¢ rw4uir¥monts oftho Act with rsspect to accounting records and for the preparation of the acthunls. Approved and authorisod for issu$ by Ihe Board on Q>ate: S GaJb4rf- 2LYt£e Signed in their bohalf by-. &Uuk+4 2A Anton, de Piro Trustee Company Number 6756042
Stsnhill Foundation Notes to the Flnancial Statements For the year end 30 November 2023 l. A¢¢ountlrtg pollel•$ 1.1. Basis tsf w•paration of financlal ststements The financial ststements havg beèn ppared in accordance with the a¢¢ounting policies set out in notes to the ac¢x)unts and comply wfth the charity's governing document, tha chariti.es Acl 2011 and Acu)unb"ng ond "repth"ng by Charitses.. Statement of Recommended Practice applicab to charibes preparing their aceounts in (rdance wlh the Finan(aal Reporting Standard applicable in the UK 8n RapUbl of Iréland published on 16 July 2014. Tho fin8nog1 stat8ments are prepared on a going concem basis, under historic C4JSt ojnvention. The finanaal statements have been prepared in acCOrdar wth the Financial Reporting Standard appliCae in the UK and Republic of Irelan(J IFRS 1021 including Update Bulletin 1. Thè charitable C4)mpany is a publiG bengfit entty for the purposes of FRS 102 and Iher8fora the charitable company also prepared its finanual statements in accordance wrth the Ststement of Recommended PradiG applicabl& to charities preparing their accounts in accA)rdan¢fr the Finanaal RepcKting Standard applicablg in the UK and Republic of Ireland1Thg FR-S 102 Charitses SORPI, Ihe Companies Acl 2006 and the Charities Act 2011. The charity is a Public Beneffit Entity a8 defined by FRS 102. Th8 finanaal statem8nts are prepared in sterling whi¢h is the functional currency of the charity. netory amounts in these financial 8ts1ernenl8 are rounded lo th9 noar05t pound. 12. Golng COnM The trustees have assessed whèther the use of going cOnM is appropriate and hove considered possible events or CditionS that might cast significant doubt on Ihe abilty of Ihg charity to coniinue as a going cOnM. Thè trust88s hav8 madè this assessmenl for a peric of at least one year from the date of approval of tse financial ststem8nts. In particular the IteeS have considergd the charity's forecasts and projections and have tsken into aG(x)unt of pressures on donation and charitable income. After Tnaking enquiri85 tha trustees have concluded that there is reasonable exp8clation that the charity has adequate resources to contM)uo in operational existen for the foreseeable fuiure. Th8 charity therefore Cmtinuès to adopt tha going cKInrn basis in preparing its financial statements. 1a. In¢ome l incorne resources are indudgd in tho Ststem•nt of Finanaal Aclwib'es when the Foundaticffi i8 entitled to ineA)me, Ihe rèc8iPt is probable and the amount can be measured rtllably. 1.4. Unre$tri¢tsd funds These iesouices arise from grants and donation5 provided for unrestri¢t8d purposes and from accumulated surpluses and deficits in the operation5 for charrtabkg purposes and are expandable at the di$ebon Dfthe Trustees. 1.5. Dl91•d funds These funds have been designated for a partiojlar purpos8 by the Trust8es 1.& Restiicted funds These funds arisè from tx>nlrlbulions madg for SpIfiC puose8 and arè oxp8nds(I In ac£ordanc8 with th8se purposes.
Accounting PolScles Icontlnuedl 1.7. Expondlture Expendilure is classified under the prin¢ip81 cAtegorles of charitable expeni1rture and the costs of generating funds rather than the typtr of oxp¥nsg, in ordor to provi¢J¢ moro us$fvl Informali)n to users of these aCCc Irre0)Verab VAT is treated as An expensÈ. 1.8. Taxation The charity is exempl from corpor¥tion tsx on its charitsbl¢ 8¢Xivities. 1.9. Cash and ¢ash •quivalonts Cash and cash equiv8lents Ind 1.10. Fln•n¢l41 in$trum•nts The th8tity has $lècted to appty the provisions of Section 11 'Basic Financh4 InstrTrents. and Sectnn 12 '0thèr Financial Instruments Issues. of FRS 102 to all of its financial instruments. Finanaal instnjments are recognized li the charity's balance sheet when the charity becunes party to the wntractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in Ihe finanoal statements, when there is a legally enforceable right to s&t off Ihe recognizod amounts and there is Bn intention to settle on a net basis or to realise the asset and settle the li8bility simultaneousfy. With the eXCe.onS of ppayMentS and defeThed income all other debtor and c¥editor balances are nsideied to be bAsSc fjnanual instrUnts uThJor FRS 102. 1.11. Koy estSmatss and ludgemonts In preparing financial statements rt is nece35aryto make certain judgem8nts, estimates and assumptions that af the amounts recLyJnEe(J in the financial stslements. In the view of the trustees in app.ng the accounting Ex>lici9s adopted. WVJ Il9e8ts were require¢J Ihat have a signifficanl effect on Ihe amotlnts rèc(KJnizÉd in the finanaal statèm8nts nor do any estimates or assumF*ons mad& carry 8 Signifint risk of material adjustrnent in Ihe next finan¢Sal year. DanatSon Income 2023 unrèstrlCt Rèstrict8d 2022 Unrestricted Restricted 2023 2022 78.680 78.680 267,327 17,000 284,327 78.680 78,680 267 327 17,0th) 284,327 3, Expenditurè on Charltable Actlvliles 2023 Unr•strlct•d Restrictsd 2022 Unr98trictod Restricted 2022 2023 GrantslDon8tions Other choritable aGtiviti&s Support o)sts {s8e nots 41 80,145 80,145 317,322 17,1 334,322 1,520 1,520 2.842 2.842 81,665 81,665 320,164 17,OCKJ 337,164 io
The charity has taken advantage oflhe exemption avHilab19 in charity SORP ftot to disclos8 Scffic infomiats'on in relation to want rnaking, on the grounds that thg disc105ure couEd resuh in s&rious w¢judice to tho gRThJ maker aTrJlor the recipient instilutson or iNINiduals. 4. Support costs 2022 Genwal Expenses Independent examiners fee 0th8r expenses (governance costs) 262 2.580 1.514 5. Employees The charty haj no employges in 2023 and 2022 Dèbttxs 2023 2022 (Xher debtors 7. Crndilors: Amounts fallino dué Thith ono y•ar 2023 2022 A¢131$ 2,400 8. Tramactions Kryth Tru$t••s There wa$ no remunèrab.on (x 8XP8ns8s paid lo the Trusle8s during the year12022'. nill. Thtt Iotjndation Ceived donabons 8mc4Jnkng lo £16,50012022.. £68.2001 from TW Indus Limited of which Ilyas Khan Is a benoficial owner. Llmlted Uability The Trust ts a Company limited by guaranlg8 and has no share capilal. In th& ov8nt oflhe charity i*ing w(wd up, Ihg liability in respect of the guarantee is limite(I to £1 by th8 member of the charity
- Mov¢ment In funds As * 1 Decenknr Ilme 2022 Expenditure TrnnBfers A8 at 30 NovemYRr 2023 unreslri¢tj Funds 2.076 78,680 181,6651 19091 Restricted Funds 2,833 2,833 Total 78.680 81,665 1.924
- An91$ of N•st Assets Belween Fund5 Restricted Funds Unr6slri¢ted Funds Totsl Net Current Assets 2,833 09 1,924 12