REGISTERED CHARITY NUMBER: 1141074 ort of ihe Trustees and Unaudited Financial Statements for the Year End¢d 31 Jul 2023 for NESSA FOUNDATION ELITE ACCOUNTANCY (UK) LTD 102 Mile End Road St¢pney London EI 4UN
NESSA FOUNDATION Contents of the Financial Statements for the Year F.nd¢d 31 Jul 2023 Page Report of the TTUStees Independeni Examiner's R¢port Statement of Financial Aciivilies Balance Sheet Notes to the Financial Statements 5t08
NESSA FOUNDATION ort for the Trustees for the Year Ended 31 Jul 2023 The trustee5 present their report with th¢ financial statements of the charity for the year ended 31 July 2023. The trustees Iiave adopted the provision5 of Accounting and Reporiing by Charities- Statement of Recommended Praciice applicable to charilies preparing iheir accounts in accordance ivith the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {¢ffective l January 2019). STRUCTURE, GOVERNANCE AND mANAGEMEr Governing documeDI The charity. is controlled by its governing document. a deed of trust and ¢onstitutes an uninvorporated charity- REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Dumber 1141074 PrÈn¢ipal #ddTess 5 Parkfield Road South Harrow Middlesex HA2 8LA Trustees Majiburrahman Choivdhury Md Shariful Islam Chy Tariq Ahmad Independent Examiner Rakibul Ah5an ACCA Elite Accountancy 102 Mil¢ End Road London EI 4UN Approved by order of the board of trustees on 917114 .and signed on its b¢half by.. Majiburrahman Choivdhury - Trustee Pag¢ I
Inde endeni Examiner'5 Re ort to the Trustee5 of NESSA FOUNDATION Independent examiner's report to the trustees of NESSA FOUNDATION I repoTI lu the ¢haritv Irusiees on my examination of the accounts of NESSA FOUNDATION (the Trust) for the year ended 31 July 2023. Respon$ibilities ¥nd basis of report As the eharity truslees of the Trust vou are responsibl¢ for the preparation of the accounts in accordance with the requirements of the Chariiies Act 2011 ('the Act,). report in r¢spe¢t of my examination of the Trust'5 accounts Caled out under section 145 of ihe Act and in arrying out my examination I have followed all applicable Directions given by ihe Charity Commission under section 145(5){b) of the Acl. Independent examiner's statement I have completed my examination. I confirm thai no material matters huve come to my attention in connection with ihe examination giving me rause to believe ihat in any material respect: accounting r¢tords were not kept in Tespecl of the Trust as required by section 130 of th¢ A¢t' or the accounts do not accord with those records; OT the a¢¢oun(s do noi comply ivith the applicable requirements concerning the form and content of in the Cliarities (Accounts and Reports) RegLJlaiiong 2008 oiher than any r¢quir¢m¢nt that the accounts give a true and fair view which is noi a mattCT considered as part of an independent examination. I have no ton¢ems and have come &¢r055 no other malters in connection with the examination io whieh all¢nlion should be drawn in thi5 report in order to enable a proper understanding of the actounis io be reached. Rakibul Ahsan ACCA Elite Accountancy 102 Mile End R02d London EI 4UN Date.. Page 2
NESSA FOUNDATION Statement of Financial Activities for the Year Ended 31 Jul 2023 31.07.2023 Unrestricted fund 31.07.2022 Total funds Notes INCOME AND ENDOWMENTS FROM Donation5 and legacies 30,662 1.048 EXPENDITURE ON Raising funds 24,460 554 NET INCOMEI{EXPENDITURE} 6,202 494 RECONCILIATION OF FUNDS Total funds brougbt forward (136) (630) TOTAL FUNDS CARRIED FORWARD 6,066 (136) Page 3
NESSA FOUNDATION Balance Sheet 31 Jul 2023 31.07.2023 Unrestricted tund 31.07.2022 Total funds Noies CURREf4T ASSETS Cash at bank 6,335 CREDITORS Amounis falling du¢ within one year {52gi (396) NET CURRF.NT ASSETSI{LIABILITIES) 5,806 {3961 TOTAL ASSETS LESS CURRENT LIABILITIES 5,806 (396) NET ASSETS 5,806 {396} FUNDS Unrestricted funds 5,806 (3961 TOTAL FUNDS 5.806 (396) 8t¢nients weT¢ approved by rhe board ot. TTUStees and authorised for issue on And were signed on lis behalf by: Majiburrahman'chowdhury- Trustee Page 4
NESSA FOUNDATION Noles to the Financial Statements for the Year Ended 31 Jul 202) ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entilv under FRS 102, have been prepared in accordance with the ChaTiiies SORP IFRS 102) 'Accounting and Reporting by Charities.. Statemeni of RecoiiiTnended Pr2ttiee applicable to charities preparing their accounts in accordance with the Fina])tial R¢porting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 20191. Financial Reporting Standard 102 'The Financial Rcporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. Th¢ finan¢ial stAieTllent5 have been prepared under the hisiorieal c05t convention. In¢om¢ All income is recognised in the Statement of Financial Activitie5 once the charity has entitlement to ihe funds, it is probable that the income will be received and the amount can be rneured reliably. Expenditure Liabilires are recognised as expendiliire as soon as there is a legal or constructive obligation committing the harity to that ¢xpeiiditure, it is probable ihat a transfer of economic benefils i¥ill be T¢quired in settlement and the amount of the obligalion can be measured reliabl J.. Expenditur¢ is acoounted for an accruals basis and has been ca155ified under headings that aggregate all cost relaled to the category. Where costs cannot be direcily attributed to particular headings they have been allocaied io activities on a basis consisten( with the us¢ of resources. Tex4tlOD The charity is ¢xempt from tax on its ¢haritable activities. Fund aecounting Unrestricted funds ¢an be used in accordance with the charitable objectives al the discretion of ihe trustees. Reslricled funds can only be used for particular restricred purtxbses within ihe objecls of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purpose. Further explanation of the nature and purpose of each tund is included in the notes to the financial sialements. Page 5
NESSA FOUNDATION Notes to the Financial Statements- continued lor the Year End¢d 31 Jul 202) MOVEMETrIT IN FUNDS Ai 01.08.22 Net Tnovement in funds At 31.07.23 UDr¢$tricled fund5 General fund 1396) 6.202 5.806 TOTAL FUNDS 1396} 6,202 5,806 Net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds UDrestrieted fuDd$ General fund 30,662 (24,460> 6,202 TOTAL FUNDS 30,662 (24,460) 6.202 Comparative5 for movement in funds At 01.08.21 Net movement in funds Al 31.07.22 Unrestricted funds General fund {8901 494.00 1396) TOTAL FUNDS (8901 494.00 {396) Comparative net movement in funds, included in the above are as folloivs.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1,048 (554) 494 TOTAL FUNDS 1.048 (554) 494 Page 6
NESSA FOUNDATION Notes to the Financial Statements continued for the Year Ended 31 Jul 2023 RAISING Fuf4DS Raising donations leg4£ies 31.07.23 31.07.22 Support costs 700.00 500.00 ¥Support cosl includes the accounrancy fees and other staff cost. Investment managemtnt ¢ost$ 31.07.23 31.07.22 Charitable Expenditure Charitable Donations given to oiher organizalions 21.730.00 2.030.00 23.760.00 54.00 54.00 Aggregate amounts 24,460.00 554.00 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneretion or other benefits for the year ended 31 July 2023 nor for Ihe year ended 31 July 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022. Page 7
NESSA FOUNDATION Not¢s to the Financial Si8temei)ts- continued for thc Year Ended 31 .lul 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AL TtVlTIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 1,048.00 EXPENDITURE ON Raising funds 554.00 NET INCOMEI(EXPENDITURE) 494.00 RECONCILIATION OF FUNDS Total funds brought fornard 1630) TOTAL FUNDS CARRIED FORWARD {136) CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.07.23 31.07.22 Other ¢Teditors 529.00 396.00 RELATED PARTY DISCLOSURES There were no related party transcations for the y¢ar ended 31 July 2023. Pag¢ 8