Registered number 07376162
Charity number 1140216
FOUNDATIONS FOR PEOPLE (Company limited by guarantee)
Report and Accounts
31 March 2025
FOUNDATIONS FOR PEOPLE Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Director/ Trustees' report | 2 |
| Independent Examiners Report | 3 |
| Statement of Financial Activities (Income and expenditure accou | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
FOUNDATIONS FOR PEOPLE Company Information
Directors
Mr B M Bostan (Trustee) Mr R Ali (Trustee) Mr M Mohammed (Trustee)
Accountants
Munir Chaudry Associates Chartered Certified Accountants 1 Edmund Street Bradford West Yorkshire BD5 0BH
Registered office
3 Paternoster Lane, Bradford, West Yorkshire BD7 3DS
Companies House number 07376162
Charity number 1140216
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FOUNDATIONS FOR PEOPLE Registered number: 07376162 Directors' Report
The directors present their report and accounts for the year ended 31 March 2025.
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.
The company was able to provide charitable and religious services to the local community. It continues to use any funds raised to promote education, sell books and islamic products, health awareness and offer a place of worship to 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)
The organisational structure and how decisions are made:
The organisation is run by an elected board of Directors/ Trustees, who are elected from the membership of the organisation. The board members meet on a regular basis to discuss the affairs of the organisation and make the decisions from the board room
The board of directors/trustees position is permanent until they resign.
Risk Management
The directors and trustees have a duty to identify and review the risks to which the charity is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against fraud and error
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 28 November 2025 and signed on its behalf.
Mr Bashart M Bostan, Mr Rehan Ali and Mr Mahroof Mohammed Directors/ trustees
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FOUNDATIONS FOR PEOPLE Independent Examiners Report
Accountants' report to the directors of FOUNDATIONS FOR PEOPLE for the year ended 31 March 2025
The trustees (who are also the administrators of the charity for the purposes of charity law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention.
Independent examiner's statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come to my attention to indicate that:
- accounting records have not been kept in accordance with Charities Act 2011 • the accounts do not accord with such records:
• where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements and, or are not consistent with the Charities SORP (FRS102)
• any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts.
Shahbaz Munir (FCCA) Munir Chaudry Associates Chartered Certified Accountants
1 Edmund Street Bradford West Yorkshire BD5 0BH
The report was approved by the Independent Examiner on: 28 November 2025
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FOUNDATIONS FOR PEOPLE
Statement of Financial Activities (Income and expenditure account) for the year ended 31 March 2025
| Income Grants & Donations A Resources expended Direct charitable expenditure Management and administration of the charity Total resources expended B C Adjustment to reserves Net Movement in funds Total funds brought forward Total funds carried forward See note 8 Net Incoming Resources available for charitable applications Net Incoming Resources before revaluations and investment asset disposals (A-B = C) |
Restricted Unrestricted Total 2025 2025 2025 £ £ £ 1,000 278,974 279,974 1,000 278,974 279,974 (1,000) (116,261) (117,261) - (141,513) (141,513) - 21,200 21,200 - 21,200 21,200 - - - - 21,200 21,200 - 662,622 662,622 - 683,822 683,822 |
Total 2024 £ 247,226 247,226 (130,889) (95,007) 21,330 21,330 - 21,330 641,292 662,622 |
|---|---|---|
The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales and is reconciled to the total funds as shown in the Balance Sheet Notes as required by the said Statement.
All activities derive from continuing operations
The notes and schedule to the Statement of Financial Activities form an integral part of these accounts
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| FOUNDATIONS FOR PEOPLE Registered number: Balance Sheet as at 31 March 2025 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 Net assets Capital and reserves Called up share capital (guarantees) Reserves accumulated 8 Net reserves |
07376162 36,445 180,794 217,239 2,070 |
2025 £ 464,543 219,309 683,852 30 683,822 683,852 - |
2024 £ 464,543 36,445 169,594 206,039 (7,930) 198,109 662,652 30 662,622 662,652 - |
|---|---|---|---|
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 28 November 2025
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FOUNDATIONS FOR PEOPLE Notes to the Accounts for the year ended 31 March 2025
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.
Analysis of incoming resources and analysis of management and admin. costs
Charitable expenditure includes all expenditure directly related to the objects of the charity and comprises the following :-
- Costs of raising and generating funds a. Costs of raising and generating funds b. Grants and donations payable in furtherance of the charity's objectives
c. Activities in furtherance of the charity's objectives
- d. Management and administration of the charity
The details required by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales are shown in the Statement of Financial Activities (income and expenditure account).
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
Fixtures, fittings, tools and equipment
0% straight line because the director's believe that the market value is greater than cost
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.
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FOUNDATIONS FOR PEOPLE Notes to the Accounts for the year ended 31 March 2025
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.
| 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 2024 464,543 - At 31 March 2025 464,543 - Depreciation At 31 March 2025 - - Net book value At 31 March 2025 464,543 - At 31 March 2024 464,543 - |
2025 Number 9 Motor vehicles £ - - - - - |
2024 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 Reserves accumulated Restricted Unrestricted £ £ |
2025 £ (2,070) 2025 £ |
2024 £ 7,930 2024 £ |
|---|---|---|
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FOUNDATIONS FOR PEOPLE Notes to the Accounts
for the year ended 31 March 2025
| At 1 April 2024 Surplus/ (deficit) for the year At 31 March 2025 |
- - - |
662,622 21,200 683,822 |
662,622 21,200 683,822 |
641,292 21,330 662,622 |
|---|---|---|---|---|
Reconciled to Balance Sheet and Statement of Financial Activities (Income and expenditure account)
6 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
7 Other information
FOUNDATIONS FOR PEOPLE is a private company limited by guarantee and incorporated in England. Its registered office is:
3 Paternoster Lane, Bradford, Wes
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.
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FOUNDATIONS FOR PEOPLE
Detailed income and expenditure account for the year ended 31 March 2025
This schedule does not form part of the statutory accounts
| Restricted Unrestricted Total 2025 2025 2025 Income £ £ £ Al Baseerah Travel (see subsidiary accounts) - - - Educating Muslims, Fees and Albaseerah Quran Sc - 50,406 50,406 Donations and other income such as rent, int, invest 1,000 95,460 96,460 Salafi Book Store and AQS - 133,108 133,108 Gift aid and grants - - - 1,000 278,974 279,974 Less: Direct charitable expenditure Purchases (goods, services and books etc) - 84,281 84,281 Decrease in stocks - - - Donations to other charities 1,000 31,980 32,980 1,000 116,261 117,261 Less: Administrative expenses Employee costs: Wages and salaries - 99,296 99,296 Staff training and welfare - 3,086 3,086 Motor expenses - 36 36 - 102,418 102,418 Premises costs: Rates and water - 3,142 3,142 Light and heat - 16,717 16,717 Cleaning and service charges - 738 738 - 20,597 20,597 General administrative expenses: Telephone and fax - 576 576 Stationery, software and printing - (54) (54) Bank and card machine charges - 4,596 4,596 Insurance - 2,281 2,281 Equipment hired and expensed - - - Repairs and maintenance - 6,832 6,832 - 14,231 14,231 Legal and professional costs: Accountancy fees - 1,725 1,725 Solicitors fees/ other legal - 352 352 Advertising and PR - 2,190 2,190 - 4,267 4,267 Total administrative expenses - 141,513 141,513 Net movement in funds - 21,200 21,200 |
Restricted Unrestricted Total 2024 2024 2024 £ £ £ - - - - 46,902 46,902 3,115 93,732 96,847 - 82,127 82,127 - 21,350 21,350 3,115 244,111 247,226 241 72,380 72,621 - 15,970 15,970 2,056 40,242 42,298 2,297 128,592 130,889 - 63,850 63,850 - 4,026 4,026 - 455 455 - 68,331 68,331 - 2,591 2,591 - 10,216 10,216 - - - - 12,807 12,807 - 336 336 - 1,622 1,622 - 1,009 1,009 - 1,290 1,290 - 1,290 1,290 818 4,785 5,603 818 10,332 11,150 - 1,350 1,350 - 1,248 1,248 - 121 121 - 2,719 2,719 818 94,189 95,007 - - 21,330 21,330 |
|---|---|
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