2023-05-31-accounts - Alridha Foundation

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Trustees' annual report (incorporating			the	director's	report)
Independent examiner's report to the			trustees
Statement offinancial	activities	(including		income and
expenditure account)
Statement offinancial	position
Notes to the financial	statements					10

				2023	2022
			Note
Fixed assets
Tangible fixed assets			14	17,894	22,368
Current assets
Debtors			15	1,108	358
Cash at bank and in		hand		40,829	52,461
				41,937	52,819
Creditors: amounts		falling due within one year	18	11,867	11,826
Net current	assets			30,070	40,993
Total assets	less current liabilities			47,964	63,361
Creditors: amounts		falling due after more than one year	17	45,298	50,184
Net assets				2,666	13,177
Funds ofthe	charity
Unrestricted	funds			2,666	13,177
Total charity	funds		19	2,666	13,177

ver the useful e	conomic life o	fthat asset as follo	ws:
Short leasehold	property	7%straight	line
Fixtures and fittings		25% straight	line
Equipment		25%straight	line

Donations	and legacies
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
Donations			8	F	F
Donations	and Religious dues	49,121	49,121	34,762	34,762
Grants
Grants received Government grant income		147,510	147,510	117,173 12,189	117,173 12,189
		196,631	196,631	164,124	164,124

		Unrestricted	Funds	Unrestricted	Funds
		Funds	2023	Funds	2022
				5	5
School	Fees	14,976	14,976	14,609	14,609

Expenditure	on charitable a	ctivities by activity type
		Activities
		undertaken	Support	Total funds	Total fund
		directly	costs	2023	2022
		F	6		5
Foundation School Governance	costs	110,282 13,607	53,271 32,457 12,501	163,553 46,064 12,501	144,084 34,786 9,560
		123,889	98,229	222,118	188,430

8.	Analysis of	sup	port c	o	s	ts
											Analysis of
											support costs	Total 2023
												E
	Staff costs										28,759	28,759
	Premises										32,208	32,208
	General office										12,911	12,911
	Human resources										10,290	10,290
	Finance costs										1,560	1,560
	Governance	costs									12,501	12,501
											98,229	98,229
9.	Net expenditure
	Net expenditure		is stated			after charging/(crediting):
											2023	2022
	Depreciation	of	tangible		fixed assets						4,474	4,473
10.	Independent	examination				fees
											2023	2022
											E	E
	Fees payable	to	the independent					examiner for:
	Independent	examination				ofthe	financial statements				5,100	5,100
11.	Staff costs
	The total staff costs and				employee			benefits for the reporting			period are analysed as follows:
											2023	2022
	Wages and salaries										E 39,360	E 20,247
	The average head count				ofemployees				during	the year was	3(2022: 2).
	No employee	received employee					benefits of			more than E60,000 during the year (2022: Nil).
12.	Trustee remuneration			and expenses

13.	Tangible f	ixed asse	t	s
						Short
						leasehold	Fixtures and
						property E	fittings f		Equipment F	Total 8
	Cost
	At1 June	2022 and		31	May 2023	58,154	57,805		2,381	118,340
	Depreciation
	At1 June2022					35,786	57,805		2,381	95,972
	Charge for	the year				4,474				4,474
	At 31 May	2023				40,260	57,805		2,381	100,446
	Carrying amount
	At 31 May	2023				17,894				17,894
	At 31 May	2022				22,368				22,368
14.	Debtors
									2023	2022
									6	E
	Other debtors								1,108	358
15.	Creditors:	amounts		falling due within one year
									2023	2022
									8	f
	Bank loans	and overdrafts							121	54
	Accruals and deferred Other creditors			income					10,500 1,246	10,500 1,272
									11,867	11,826
18.	Creditors: amounts		falling due after			more than one	year
	Bank loans	and overdrafts							2023 8 45,298	2022 f 50,184
17.	Government	grants
	The amounts	recognised			in the financial statements for		government	grants are as follows:
	Recognised Government	in income from donations grants income				and legacies			2023 f	2022 8 12,189