REGISTERED COMPANY NUMBER: 06225876 (England and Wales) REGISTERED CHARITY NUMBER: 1139457
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 January 2021
for
Halal Food Foundation Limited
Nationwide Accountants Ltd 704 London Road North Cheam Sutton Surrey SM3 9BY
Halal Food Foundation Limited
Contents of the Financial Statements for the Year Ended 31 January 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 to 4 |
| Statement of Financial Activities | 5 to 6 |
| Balance Sheet | 7 to 8 |
| Notes to the Financial Statements | 9 to 15 |
| Detailed Statement of Financial Activities | 16 to 17 |
Halal Food Foundation Limited
Report of the Trustees
for the Year Ended 31 January 2021
During the past year, the charity has continued to provide guidance, advice, and assistance to the community on all aspects of Halal. Recognising the growth in Halal products, and large number of individuals and companies involved in the production of Halal goods and services, the charity expects the time given over to providing this service to grow considerably. Our challenge is to continue to provide the infrastructure to maintain a high quality of provision.
The charity also received several requests for educational grants and assistance, and after discussion and approval by trustees, thankfully it was able to respond to these. It was also to provide support to the annual conference of our trading company (the Halal Food Authority) so that much of its content contained information and advice within our remit.
I am immensely grateful to all the staff and my fellow trustees for their time and commitment to all parts of our work.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06225876 (England and Wales)
Registered Charity number
1139457
Registered office
Balfour House 3rd Floor 741 High Road London N12 0BP
Trustees
Ehsan Shahid Choudhry Ahmed Latif Dr Ghayasuddin Siddiqui Abdul Matin Khan
Page 1
Halal Food Foundation Limited
Report of the Trustees for the Year Ended 31 January 2021
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
Nationwide Accountants & Tax Advisors Ltd 704 London Road North Cheam Sutton Surrey SM3 9BY
Approved by order of the board of trustees on 30 September 2021 and signed on its behalf by:
Abdul Matin Khan - Trustee
Page 2
Independent Examiner's Report to the Trustees of Halal Food Foundation Limited
Independent examiner's report to the trustees of Halal Food Foundation Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2021.
Responsibilities and basis of report
As the charity's trustees 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 Act').
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 charity'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 145(5) (b) of the 2011 Act.
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Independent Examiner's Report to the Trustees of Halal Food Foundation Limited
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Nationwide Accountants & Tax Advisors Ltd 704 London Road North Cheam Sutton Surrey SM3 9BY
Date: .............................................
Page 4
Halal Food Foundation Limited
Statement of Financial Activities
for the Year Ended 31 January 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Total EXPENDITURE ON Raising funds 3 Charitable activities grants Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.1.21 Unrestricted funds £ 366,499 9 366,508 44,628 10,695 55,323 311,185 567,842 879,027 |
31.1.20 Total funds £ 247,175 27 247,202 47,964 540 48,504 198,698 369,246 567,944 |
|---|---|---|
The notes form part of these financial statements
Page 5
Halal Food Foundation Limited
Statement of Financial Activities for the Year Ended 31 January 2021
Surplus and Deficit Account 968
Posting discrepancies were found in the reserve accounts listed below. This is because the brought forward postings in the current year are not equal to the figures carried forward by IRIS at the end of last year. Please check your postings in the brought forward account for the surplus and deficit account 968.
| surplus and deficit account 968. | ||
|---|---|---|
| Unrestricted | ||
| funds | Total funds | |
| £ | £ | |
| Brought forward - 968/1 | 567,842 | 567,842 |
| Carried forward | 567,944 | 567,944 |
| Difference | 102 | 102 |
Post to relevant accounts (see ICHA chart of accounts for further details)
The notes form part of these financial statements
Page 6
Halal Food Foundation Limited
| Balance Sheet 31 January 2021 Notes CURRENT ASSETS Debtors 7 Cash at bank and in hand CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 9 NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
31.1.21 Unrestricted funds £ 701,425 192,158 893,583 (1,389) 892,194 892,194 (13,167) 879,027 879,027 879,027 |
31.1.20 Total funds £ 456,263 124,915 581,178 (416) 580,762 580,762 (12,818) 567,944 567,944 567,944 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
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Halal Food Foundation Limited
Balance Sheet - continued
31 January 2021
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 20 September 2021 and were signed on its behalf by:
Abdul Matin Khan - Trustee
The notes form part of these financial statements
Page 8
Halal Food Foundation Limited
Notes to the Financial Statements
for the Year Ended 31 January 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from corporation 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.
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continued...
Halal Food Foundation Limited
Notes to the Financial Statements - continued for the Year Ended 31 January 2021
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. INVESTMENT INCOME
| Interest receivable - trading RAISING FUNDS Raising donations and legacies Staff costs Donations Bank Charges Accountancy Rent and Service charges Travelling Support costs |
31.1.21 £ 9 31.1.21 £ 33,077 9,575 16 700 322 - 938 44,628 |
31.1.20 £ 27 31.1.20 £ 29,008 10,000 63 500 5,390 200 2,803 47,964 |
|---|---|---|
3. RAISING FUNDS
Raising donations and legacies
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2021 nor for the year ended 31 January 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2021 nor for the year ended 31 January 2020.
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Halal Food Foundation Limited
Notes to the Financial Statements - continued for the Year Ended 31 January 2021
| 5. AVERAGE NO. OF EMPLOYEES 1 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds Charitable activities grants Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricte funds £ 247,175 27 247,202 47,964 540 48,504 198,698 369,246 567,944 |
|---|---|
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continued...
Halal Food Foundation Limited
Notes to the Financial Statements - continued
for the Year Ended 31 January 2021
| 7. DEBTORS Amounts falling due within one year: Traditional Halal Halal Food Authority Staff Loan Halal Food Authority Expenses Other Debtor - Barnet Prepayments Amounts falling due after more than one year: Office Deposit Aggregate amounts 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other Creditor Social security and other taxes Net pay Accrued expenses |
31.1.21 £ 1,869 673,123 4,005 - 307 7,907 687,211 14,214 701,425 31.1.21 £ 100 3 - 1,286 1,389 |
31.1.20 £ 1,819 245,676 700 192,536 - 1,318 442,049 14,214 456,263 31.1.20 £ - (69) 485 - 416 |
|---|---|---|
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Halal Food Foundation Limited
Notes to the Financial Statements - continued
| for the Year Ended 31 January 2021 | for the Year Ended 31 January 2021 | |||
|---|---|---|---|---|
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | ONE YEAR | ||
| 31.1.21 | 31.1.20 | |||
| £ | £ | |||
| Other creditors | 13,167 | 12,818 | ||
| 10. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.2.20 | in funds | 31.1.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| UNRESTRICTED | 567,842 | 311,185 | 879,027 | |
| TOTAL FUNDS | 567,842 | 311,185 | 879,027 | |
| Net movement in funds, included in the above | are as follows: | |||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| UNRESTRICTED | 366,508 | (55,323) | 311,185 | |
| TOTAL FUNDS | 366,508 | (55,323) | 311,185 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.2.19 | in funds | 31.1.20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| UNRESTRICTED | 369,246 | 198,698 | 567,944 | |
| TOTAL FUNDS | 369,246 | 198,698 | 567,944 |
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Halal Food Foundation Limited
Notes to the Financial Statements - continued for the Year Ended 31 January 2021
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds UNRESTRICTED TOTAL FUNDS |
Incoming resources £ 247,202 247,202 |
Resources expended £ (48,504) (48,504) |
Movement in funds £ 198,698 198,698 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds UNRESTRICTED TOTAL FUNDS |
At 1.2.19 £ 369,246 369,246 |
Net movement in funds £ 509,883 509,883 |
At 31.1.21 £ 879,129 879,129 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds UNRESTRICTED TOTAL FUNDS |
Incoming resources £ 613,710 613,710 |
Resources expended £ (103,827) (103,827) |
Movement in funds £ 509,883 509,883 |
|---|---|---|---|
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continued...
Halal Food Foundation Limited
Notes to the Financial Statements - continued for the Year Ended 31 January 2021
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2021.
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Halal Food Foundation Limited
| Detailed Statement of Financial Activities for the Year Ended 31 January 2021 INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Investment income Interest receivable - trading Total incoming resources EXPENDITURE Raising donations and legacies Wages Donations Bank Charges Accountancy Rent and Service charges Travelling Charitable activities Grants to individuals Support costs Management Pensions Insurance Computer Costs Telephone Carried forward |
31.1.21 £ - 366,499 366,499 9 366,508 33,077 9,575 16 700 322 - 43,690 10,695 - 109 529 300 938 |
31.1.20 £ (1) 247,176 247,175 27 247,202 29,008 10,000 63 500 5,390 200 45,161 540 345 103 180 360 988 |
|---|---|---|
This page does not form part of the statutory financial statements
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Halal Food Foundation Limited
| Detailed Statement of Financial Activities for the Year Ended 31 January 2021 Management Brought forward Advertising Consultancy Governance costs Accountancy and legal fees Total resources expended Net income |
31.1.21 £ 938 - - 938 - 55,323 311,185 |
31.1.20 £ 988 1,365 400 2,753 50 48,504 198,698 |
|---|---|---|
This page does not form part of the statutory financial statements
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