Registered company number 7473840
Registered charity number 1140835
Tayyib Foundation
Trustee's Report and Accounts
31 December 2020
TAYYIB FOUNDATION
CONTENTS
| Page | ||
|---|---|---|
| Legal and administrative information | 1 | |
| Trustee's report | 2-3 | |
| Independent examiner's report | 4 | |
| Statement of financial activities | 5 | |
| Balance Sheet | 6 | |
| Notes to the financial statements | 7 | - 8 |
TAYYIB FOUNDATION
COMPANY INFORMATION
| Charity number | 1140835 |
|---|---|
| Company number | 7473840 |
| Registered Office | 536 Valley Road |
| Nottingham | |
| NG5 1FL | |
| Trustees | Rehmatullah Chishti |
| Naseer Ud Din Naseer | |
| Samina Kauser | |
| Habib Ur Rehman | |
| Mohammad Hanif | |
| Bankers | Nat West Bank |
| 105 Radford Road | |
| Hyson Green | |
| Nottingham | |
| NG7 5DY |
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TAYYIB FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2020
The trustees present their report and the financial statements for the year ended 31 December 2020. The trustees who served during the year and upto the date of this report are set out on page 1.
Structure, governance and management
Tayyib Foundation is a company limited by guaranteed (7473840) and incorprated on 20 December 2010 and it was registered as a charity on 16 March 2011 (1140835) The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. The directors, who are the trustees in charity law are responsible for the overall management and control of the company working with other persons on an entirly voluntary basis.
Trustees are appointed in accordance with Tayyib Foundation constitution. Once appointed, Trustees are given introduction of the charity and information about its objects, Trustees are also given the copy of the consititution and aims and objective, Role description are issued to each trustee and full induction is given setting out the obligations of a trustee. All trustees are issued with copies of the Charity Commission's guidance.
The trustees meet every 3 months.
The trustees actively review the major risk to which the charity is exposed to on a regular basis, in particular those relating to its operations and finances. The system is established to mitigate these.
Objectives and activities for the public benefit
The principal aims of the charity and objective of the charitable company are (A) THE RELIEF OF POVERTY AND SICKNESS ANYWHERE IN THE WORLD. (B) TO ADVANCE THE EDUCATION OF PERSONS IN NEED, INCLUDING ORPHANS, ANYWHERE IN THE WORLD THOUGH THE CONSTRUCTION OF SCHOOLS, COLLEGES, TRAINING CENTRES AND UNIVERSITIES.
Achievement and performance
During the year we continued to raise funds for the maintenance and running of the school in Pakistan and to sponsor orphan children. We also implemented water projects and food distribution through Qurbani.
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TAYYIB FOUNDATION
REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2020
Financial Review
The charity relies on on voluntary income which is £57176 for the period ended 31 December 2020.
Plan for the future
We will continue with our core activities of supporting orphans and establishing schools in some of the most poverty stricken areas of the world.
Statement of trustee's responsibilities
The trustee are responsible for the preparing the Trustees' Annual Report and financial statements in accordance with applicable law and United Kingdom generally Accepted Accounting Standard.
In these financial statements, the trustees are required to:
Select suitable accounting policies and then apply then consistently; Observe the methods and principle in the Charities SORP; Make judgement and estimates that are reasonable and purdent;
State whether applicable UK Accounting Statndard have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statement on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charitable trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the board
Rehmatullah Chishti
Date: 15 September 2021
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TAYYIB FOUNDATION
INDEPENDENT EXAMINERS REPORT
I report on the accounts of Tayyib Foundation for the year ended 31st December 2020 set out on pages 2 to 8
Respective responsibilities of trustees and examiner
The charity’s trustees (who are the directors of the company) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the Act) as amended by section 28 of the companies Act 2006 and that an independent examination is needed. Having satisfied myself that the charity is not subject to an audit under the company law and is eligible for independent examination. It is my responsibility to examine the accounts under section 43(3)(a) of the Act. as amended; to follow the precedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the Act, as amended; and to state whether particular matters have come to my attention.
Basis of Independent examiner’s state
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 statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention
-
1- Which gives me reasonable cause to believe that in, any material respect, requirements:
-
to keep accounting records in accordance with section 386 Company Act 2006; and
-
the financial statement have been prepared in accordance with the companies Act 2006; and with the methods and principles of the Statement of Recommended Practice; Accounting and Report by Charities.
have not been met; or
- 2- to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed Name: A Shah
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Date: 15 September 2021
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TAYYIB FOUNDATION
STATEMENT OF FINANCIAL ACTIVITES
FOR THE YEAR ENDED 31 DECEMBER 2020
| STATEMENT OF FINANCIAL ACTIVITIES Notes Incoming Resources Incoming Resources from Generated Funds Donations Total Income Resources Resources Expanded Charitable Activites 2 Governance Cost 4 Support Cost 3 Total Resources Expended Reconcilation of Funds Net Income/(Outgoing) Resources Transfers between Funds Net Movement in Funds Total funds brought forward Total Funds carried forward |
Unrestricted Restricted Total Total Funds Funds 2020 2019 |
|---|---|
| 57,176 - 57,176 63,048 |
|
| 57,176 - 57,176 63,048 |
|
| - 46,284 46,284 60,730 350 350 350 520 520 804 |
|
| 870 46,284 47,154 61,884 |
|
| 56,306 46,284 - 10,022 1,164 46,284 - 46,284 - |
|
| 10,022 - 10,022 1,164 9,053 9,053 7,889 |
|
| 19,075 - 19,075 9,053 |
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TAYYIB FOUNDATION
BALANCE SHEET
AS AT 31 DECEMBER 2020
| Notes Fixed assets Current assets Cash at bank Debtors Creditors: amount falling due within one year Net current assets (liabilites) Total assets less current liabilites Creditors: amount falling due after one year Net Assets Funds Unrestricted Funds Restricted Funds |
'2020 £ £ 0 19,425 19,425 350 19,075 19,075 - 19,075 19,075 19,075 |
'2019 £ £ 0 9,403 9,403 350 9,053 9,053 - 9,053 9,053 9,053 |
'2019 £ £ 0 9,403 9,403 350 9,053 9,053 - 9,053 9,053 9,053 |
|---|---|---|---|
| 19,425 350 |
9,403 350 |
||
| 9,053 - |
|||
| 9,053 | |||
| 9,053 | |||
| 9,053 |
Approved by the Trustees on 15th September 2021 and signed by:
Rehmatullah Chishti
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TAYYIB FOUNDATION
NOTES TO THE ACCOUNTS FOR THE ENDED 31 DECEMBER 2020
1 Accounting policies
1.1 Basis of accounting
The financial statments are preapred under the historic cost convention and in accordance with the Financial Reporting statndards, the Statement of Recommended Practice 'Accounting and Reporting by Charities 'issued in March 2005 (SORP 2005) and the Charities Act 1993.
1.2 Funding accounting
Unrestricted funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity
Restricted funds are thise donated for use in a particular area or for specific purpose, the use of which is ristricted to that area or purpose.
1.3 Incoming resources
All incoming resources are included in the statement of financial activites when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
1.4 Resources expanded
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which can not fully recovered, and is reported as part of the expenditure to which it relates.
Goverance costs include those costs associated with meeting the consititutional and statutory requirements of the charity and costs linked to the strategic management of the charity.
1.5 Depreciation
Depreciation is calculated to write off the cost, less estimated residual values of tangible fixed assets over their estimated useful lives to the Charity. The annual depreciation rates and methods are as follows:-
Equipment - 4 years
2 Cost of charitable activites
| Grants payable | Unrestricted Restricted 2020 2019 Funds Funds Total Total £ £ 46,284.00 46,284.00 60,730.00 |
|---|---|
| 46,284.00 46,284.00 60,730.00 |
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TAYYIB FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
| 3 Support cost Fundraising costs Prining & Stationery Depreciation Wages 4 Governance Costs Accounts Fees |
2020 2019 520 620 184 |
|---|---|
| 520 804 |
|
| 2020 2019 350 350 |
|
| 350 350 |
5 Taxation
The charity's activities fall within the examptions afforded by the provisions of the income and Corporation Act 1988. Accordingly, there is no taxation charge in these accounts.
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