2023-03-31-accounts - Foundations For People

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Registered number 07376162

Charity number 1140216

FOUNDATIONS FOR PEOPLE (Company limited by guarantee)

Report and Accounts

31 March 2023

FOUNDATIONS FOR PEOPLE Report and accounts Contents

	Page
Director/ Trustees' report	1
Accountants' report	2
Income and expenditure account	3
Balance sheet	4
Notes to the accounts	5

FOUNDATIONS FOR PEOPLE Registered number: 07376162 Directors' Report

The directors present their report and accounts for the year ended 31 March 2023.

Principal activities

The company's principal activity during the year continued to be an Islamic Education Charity and a place of Worship for the local community.

Directors/ Trustees

The following persons served as directors during the year:

Mr B M Bostan (Trustee) Mr R Ali (Trustee) Mr M Mohammed (Trustee)

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 22 December 2023 and signed on its behalf.

Mr Bashart M Bostan, Mr Rehan Ali and Mr Mahroof Mohammed Directors/ trustees

FOUNDATIONS FOR PEOPLE Accountants' Report

Accountants' report to the directors of FOUNDATIONS FOR PEOPLE

You consider that the company is exempt from an audit for the year ended 31 March 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

in accordance with your instructions, we have prepared the accounts which comprise the Income and Expenditure account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Adam & Co Accountancy Ltd Chartered Certified Accountants

First Floor 1 Edmund Street Bradford West Yorkshire BD5 0BH

22 December 2023

FOUNDATIONS FOR PEOPLE

Income and expenditure account for the year ended 31 March 2023

Notes Income 1 Cost of generating income Gross profit Administrative expenses Operating surplus Surplus/ (deficit) for the financial year	2023 £ 317,806 (129,712) 188,094 (141,421) 46,673 46,673	2022 £ 210,144 (122,615) 87,529 (92,839) (5,310) (5,310)

FOUNDATIONS FOR PEOPLE Registered number: Balance Sheet as at 31 March 2023 Notes Fixed assets Tangible assets 3 Current assets Stocks Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 7 Net assets Capital and reserves Called up share capital (guarantees) Reserves accumulated 8 Net reserves	07376162 2023 £ 464,543 52,415 131,552 183,967 (4,748) 179,219 643,762 (3,531) 640,231 30 640,201 640,231 -	2022 £ 464,543 52,415 107,599 160,014 (4,749) 155,265 619,808 (26,250) 593,558 30 593,528 593,558 -

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Mr Bashart M Bostan, Mr Rehan Ali and Mr Mahroof Mohammed Director/ Trustee

Approved by the board on 22 December 2023

FOUNDATIONS FOR PEOPLE Notes to the Accounts for the year ended 31 March 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover (Income)

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Unrestricted funds

Unrestricted funds are the net incoming resources available for the objects of the charity without specified purposes and are part of the general funds.

Restricted funds

Restricted funds are the net incoming resources avaiable for a particular area or purpose stated by the donor and are allocated appropriately.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Freehold/ (leasehold) land and buildings 0% straight line because the director's believe that the market value is greater than cost Fixtures, fittings, tools and equipment shown as equipment expensed

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

FOUNDATIONS FOR PEOPLE Notes to the Accounts

for the year ended 31 March 2023

2 Employees Average number of persons employed by the company There were no employees receiving more than £30,000 per annum 3 Tangible fixed assets Land and buildings Plant and machinery etc £ £ Cost At 1 April 2022 464,543 - At 31 March 2023 464,543 - Depreciation At 31 March 2023 - - Net book value At 31 March 2023 464,543 - At 31 March 2022 464,543 -	2023 Number 8 Motor vehicles £ - - - - -	2022 Number 6 Total £ 464,543 464,543 - 464,543 464,543

Land and buildings are not being depreciated because the directors believe market value is greater than the cost.

4 Creditors: amounts falling due within one year Other creditors 5 Creditors: amounts falling due after one year Loans 6 Reserves accumulated Restricted £ At 1 April 2022 - Surplus/ (deficit) for the financial ye - At 31 March 2023 -	Unrestricted £ 593,528 46,673 640,201	2023 £ 4,748 2023 £ 3,531 2023 £ 593,528 46,673 640,201	2022 £ 4,749 2022 £ 26,250 2022 £ 598,838 (5,310) 593,528

Please see detailed income and expenditure statement for restricted and unrestricted income and expenditure analysis.

7 Controlling party and related parties

The directors/ trustees have control of the company/charity. There were no related parties except that the charity owns 100% of Al Baseerah Travel Limited

FOUNDATIONS FOR PEOPLE Notes to the Accounts for the year ended 31 March 2023

8 Other information

FOUNDATIONS FOR PEOPLE is a private company limited by guarantee and incorporated in England. Its registered office is:

3 Paternoster Lane, Bradford, West

The company uses the following trading names: Masjid As-Sunnah Albaseerah Salafi Bookstore Albaseerah Travel Down to Earth Educating Muslims

11 Going concern

The company has sufficient cash at bank and has raised further funds since the year end, which provide adequate resources to finance committed development programme, along with the day to day operations. The trustees monitor the expenditure level and adjust development expenditure to ensure that expenditure is only incurred when sufficient funds are available to cover payments as they fall due. On this basis, the trustees have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of twelve months after the date on which this report and financial statements are signed. For this reason, it continues to adopt the going concern basis in the financial statements.

12 Winding up or dissolution of the company/charity

If the charity were to be dissolved or wound up the trustees would pass any net assets to similar organisations and deserving causes.

FOUNDATIONS FOR PEOPLE

Detailed income and expenditure account for the year ended 31 March 2023

This schedule does not form part of the statutory accounts

Income Al Baseerah Travel (subsidiary) Educating Muslims and Albaseerah Quran School M A Sunnah -Donations and other income Salafi Book Store and AQS Government Grants Less: Cost of generating income Purchases (goods, services and books etc) Donations to other charities Less: Administrative expenses Employee costs: Wages and salaries Staff training and welfare Motor expenses Premises costs: Rent Rates and water Light and heat General administrative expenses: Telephone and fax Stationery, software and printing Bank and card machine charges Insurance Repairs and maintenance Legal and professional costs: Accountancy fees Solicitors fees/ other legal Consultancy fees Advertising and PR Total administrative expenses Surplus/ (deficit) for the financial year	Restricted Unrestricted Total 2023 2023 2023 £ £ £ - - - - 35,438 35,438 12,916 112,282 125,198 - 157,170 157,170 - - - 12,916 304,890 317,806 441 86,817 87,258 12,475 29,979 42,454 12,916 116,796 129,712 - 87,853 87,853 - 2,162 2,162 - 455 455 - 90,470 90,470 - 10,005 10,005 - 2,624 2,624 - 19,349 19,349 - 31,978 31,978 - 920 920 - 1,629 1,629 - 3,031 3,031 - 1,469 1,469 - 8,686 8,686 - 15,735 15,735 - 1,350 1,350 - 226 226 - 675 675 - 987 987 - 3,238 3,238 - 141,421 141,421 - 46,673 46,673	Total 2022 £ - 35,685 74,684 97,108 2,667 210,144 75,511 47,104 122,615 71,100 131 - 71,231 - 1,593 10,156 11,749 794 1,748 2,807 1,040 2,097 8,486 1,345 13 - 15 1,373 92,839 (5,310)