**CHARITY REGISTRATION NUMBER: 1150092** ## **Community Against Poverty Foundation Unaudited Financial Statements** ## **31 March 2023** ## **M.R ACCOUNTANTS & TAX ADVISERS** Chartered Certified Accountants 50 Brian Road Romford Essex RM6 5BX ## **Community Against Poverty Foundation** ## **Financial Statements** ## **Year ended 31 March 2023** ||**Page**| |---|---| |Trustees' annual report|**1**| |Independent examiner's report to the trustees|**9**| |Statement of financial activities|**10**| |Statement of financial position|**11**| |Statement of cash flows|**12**| |Notes to the financial statements|**13**| ## **Community Against Poverty Foundation** ## **Trustees' Annual Report** ## **Year ended 31 March 2023** The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. ## **Reference and administrative details** **Registered charity name** Community Against Poverty Foundation **Charity registration number** 1150092 **Principal office** ## **The trustees** Mr. M A Samad Mr. A Noor Mr. A Monojir Mr. A Rouf **Independent examiner** M.R Accountants 50 Brian Road Romford Essex RM6 5BX **1** ## **Community Against Poverty Foundation** **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2023** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** Community Against Poverty (CAP) Foundation is a UK registered charity (1150092) with the charity commission. It is a trust, registered with the Charity Commission on 7th December 2012 **.** ## **Message from the Trustees** We are thrilled to share an update on Cap Foundation's performance during the year ending March 31, 2023. The Board of Trustees is delighted with the remarkable achievements and milestones attained during this period, thanks to the overwhelming support from our local and international community. Cap Foundation remains in a secure position to continue its impactful activities in the coming years, and its sustainable assets ensure fulfilment of obligations and continued aid work globally. We extend our heartfelt gratitude to the community, individual donors, and businesses throughout the UK for their unwavering support in making these accomplishments possible. Regarding the appointment of Trustees, our board holds the responsibility of recruiting new members and volunteers. Our selection process emphasizes experience and skill sets relevant to specific areas, with formal interviews conducted. To ensure responsible participation in aid trips, only a select few individuals are permitted to travel for projects abroad, while others actively engage in fundraising and contribute to our charity campaigns. Trustee induction and training are integral to our governance. All trustees have access to our governing document, organizational policies, and role responsibilities. Continuous training is encouraged to stay abreast of changes in the charity sector, ensuring our team is well-equipped to lead effectively. In terms of risk management, the Trustees have diligently assessed major risks pertaining to the exposure to these risks. Decisions are collectively made through quarterly trustee meetings, fostering transparency and collaboration. As trustees of Cap Foundation, we feel privileged to contribute to a noble cause addressing global concerns. We remain committed to upholding the highest standards of governance and appreciate the ongoing support that propels our mission forward. ## **Aim and Objectives** At Cap Foundation, our purpose extends beyond charity; we strive to empower and inspire communities, enabling individuals to build, create, and plan for a brighter future. Our overarching mission is to eradicate poverty, offer education, and foster health and welfare through innovative and sustainable solutions, ensuring that everyone has the opportunity for a life of basic living standards and meaningful opportunities. Cap Foundation operates based on three core principles: Global Reach, Effective Engagement, and Innovation. Our strategy revolves around inspiring and empowering individuals, supporting other charities and non-profit organizations in managing urgent global disasters. **2** ## **Community Against Poverty Foundation** **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2023** In the current year, Cap Foundation is actively involved in a range of activities aimed at supporting disadvantaged communities. These initiatives include providing fresh water facilities, sustainable income and food supplies. We are committed to self-sustainability through projects like Cap Village Corner Shop and the Fish4Life Boat Project. Additionally, we respond to the emergency needs arising from the Covid-19 pandemic and to the Turkish earthquake disaster. Our global efforts extend to building community mosques and contributing to continue the construction work for our Orphan Village Development in Bangladesh. The charity remains dedicated to providing humanitarian assistance to the most vulnerable social groups, addressing needs locally in the UK and globally ## **Recruitment and appointment of new trustees** The board of trustees have overall responsibility to recruit new trustees and volunteers. In selecting volunteers, we take on-board experience and skill-sets that will contribute towards success in the particular area the person is being selected for. Formal interviews are performed. Cap Foundation has a strict policy with regards to aid trips, hence only a select few individuals are allowed to travel to participate in projects abroad. Many volunteers participate in raising funds and contribute towards our charity campaigns to support the core of its charity activities. ## **Trustee induction and training** A copy of the governing document - and all the policies relating to the organisation (also outlining the roles and responsibilities) is available to all trustees at Cap Foundation. The Trustees are always encouraged to keep up to date with regular changes to the charity sector. Training is always available and accessible for all Trustees. ## **Risk management** The Trustees have assessed the major risks to which the charity can be exposed to with those relating to the operations and finances of the charity and are satisfied that systems are in place to mitigate our exposure to the major risks. Decisions are reached through quarterly trustee meetings. ## **Public Benefit** The Trustees affirm compliance with Section 17, ensuring that all our objectives and activities align with the public benefit. Our commitment to transparency, impact, and innovation remains at the forefront of our mission as we continue to make a positive difference in the lives of those in need. **3** ## **Community Against Poverty Foundation** **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2023** ## **ACHIEVEMENTS AND PERFORMANCE** The charity carries out a wide range of activities in pursuance of its charitable aims. The Trustees consider that these activities can be summarised below: ## **Bangladesh flood:** In the wake of devastating floods in Bangladesh's northeast caused by relentless monsoon rains, affecting over 4 million people along the Surma-Kushiyara river, Cap Foundation swiftly responded. Focused on Sylhet, Sunamganj, and parts of Netrokona districts, the floods disrupted all road communications, leaving around 90% of residents stranded, relying on boats for travel. Cap Foundation took a proactive role, coordinating relief efforts across 23 Upazilas. Our assistance included dry food, cooked meals, fresh water, sanitation and basic medicines delivered to hundreds of rescue centers and key marketplaces. Implementing short-term and mid-term goals, Cap Foundation initiated repairs on damaged houses and provided numerous tin-shed houses for flood victims. Recognizing the impending challenges of post-flood conditions, Cap Foundation remains committed to addressing disease outbreaks and the urgent need for shelters. Our ongoing efforts aim to support the worst flood-stricken communities on their path to recovery. ## **Turkey Earthquake:** On February 6, 2023, a devastating magnitude 7.8 earthquake struck southern Turkey near the northern border of Syria, followed by a magnitude 7.5 quake nine hours later, leaving a trail of destruction. The first earthquake, comparable to the powerful 1939 event, resulted in 50,783 deaths, 107,204 injuries, and 297 missing in Turkey, while Syria reported 8,476 deaths and 14,500 injuries. In response, the Cap Foundation swiftly mobilized, deploying a team of 45 experienced volunteers over three months from February to April. The volunteers provided crucial aid, including hot meals, food parcels, winter clothing, fresh water, and toys for children. An adept medical team offered traumafocused counselling to those living in makeshift tents. The foundation's efforts impacted approximately 35,000 people, but the commitment to support victims remains steadfast. Cap Foundation plans to continue its assistance, implementing mid-term and longterm goals to help those affected rebuild their lives. ## **THE GUARDIANS - Cap Foundation’s Orphan Village in Bangladesh:** Cap Foundation want to address the vulnerability of many orphans forced onto the streets with "The Guardians," a cutting-edge orphan village complex. This facility, featuring dormitories, a school, masjid, sports centre, youth club and outdoor playground, empowers orphans with education and recreational opportunities. The youth club not only provides apprenticeships for teenagers but also instils hope for their future. Mental health support is readily available on-site, ensuring the well-being of the orphans. Stringent security measures, including CCTV surveillance, thorough screening, and staff safeguarding and child protection training, further safeguard their environment. Donors enjoy a personal connection **4** ## **Community Against Poverty Foundation** **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2023** through monthly face-to-face video calls with the sponsored orphans, inviting others to join Cap Foundation in providing these children with a brighter and more promising future. ## **Community Mosque Development Initiative:** Cap Foundation is actively contributing to the construction of mosques in Bangladesh, specifically targeting disadvantaged communities. Each mosque is thoughtfully designed to accommodate up to 150 people at a time, fostering an inclusive space for prayer, community gatherings, social engagement, and educational activities for the youth. Our commitment extends beyond providing a place of worship; these mosques will be equipped with essential facilities, including attached ablution areas, restrooms, and running water. This ensures that the local communities have access to clean and hygienic facilities for their daily prayers, promoting overall well-being and inclusivity. Through this initiative, Cap Foundation aims to create not only places of spiritual significance but also community hubs that enhance the social, educational, and communal aspects of the lives of those we serve. ## **Community Fresh Water Project:** Waterborne diseases, stemming from the consumption of contaminated water, pose significant health risks, leading to various diarrheal diseases like Cholera, Guinea worm disease, Typhoid, and Dysentery. Recognizing this critical issue, Cap Foundation has established research and inspection teams operating in diverse regions of Bangladesh. Our collaborative approach involves working closely with local communities and water sector experts to implement sustainable water sources. This proactive effort not only addresses the immediate health hazards posed by contaminated water but also contributes to a long-term improvement in the quality of life for rural communities in Bangladesh. Through the Community Fresh Water Project, Cap Foundation is dedicated to ensuring access to safe and clean water, mitigating the prevalence of waterborne diseases, and fostering a healthier, more resilient society. ## **Sustainability Project - Fish4Life Boat Project:** Embracing the proverb, "Give a man a fish, and you feed him for a day; teach him to fish, and you feed a family for life," Cap Foundation introduces the transformative Fish4Life Boat Project. In a country like Bangladesh, prone to seasonal flooding for 6-8 months each year, communities face challenges in basic mobility, including taking children to school or reaching the nearest hospital in emergencies. Understanding these conditions, we have provided over 350 boats to families in rural areas of Greater Sylhet over the past three years. This initiative goes beyond financial relief, as it not only saves families from the monthly burden of boat rental expenses (typically 1500 BDT) but also empowers them to earn a living through fishing. By offering a means of self-sufficiency, we aim to uplift these communities, allowing them to stand on their own two feet and secure their livelihoods. **5** ## **Community Against Poverty Foundation** **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2023** The Fish4Life Boat Project is a testament to Cap Foundation's commitment to creating lasting positive impacts and fostering sustainable change in the lives of those we serve. ## **Sustainability Project - Cap Village Corner Shop:** Empowering individuals to achieve self-sufficiency is at the heart of our mission. While offering immediate relief through food, medicine, or cash assistance addresses urgent needs, Cap Foundation recognizes the importance of sustainable, long-term solutions to lift families out of extreme poverty permanently. In the last three years, Cap Foundation has been actively providing corner shops to the most destitute families in Greater Sylhet division, with a significant focus on supporting widows and vulnerable families. This initiative is designed to be a one-time intervention, enabling families to break free from the cycle of extreme poverty and achieve self-sufficiency. The corner shops serve as a means for each family to earn a living, contributing to the sustained livelihoods of these vulnerable communities. Cap Village Corner Shop exemplifies our commitment to creating lasting positive change and fostering self-sufficiency within the communities we serve. ## **COVID-19 Emergency Response in the UK - Supporting Elderly & Vulnerable:** The global spread of the Coronavirus has left an indelible impact. At Cap Foundation, we recognize our responsibility to engage with all citizens and extend support to the most vulnerable individuals in our communities. In response to the pandemic, our focus has been on providing assistance to the elderly and vulnerable populations. Cap Foundation has successfully distributed food packs across several boroughs within Greater London. Our initiative aims to alleviate the challenges faced by individuals and families struggling to venture out for essential shopping. By delivering food parcels, we strive to ensure that the elderly and vulnerable receive the necessary support during these challenging times. This emergency response underscores Cap Foundation's commitment to community well-being and our dedication to assisting those in need during the COVID-19 crisis. ## **Ramadan Food Distribution:** Ramadan is a sacred fasting month observed by the global Muslim community. In Bangladesh, where many already endure life below the poverty line, the impact is profound. Cap Foundation recognizes the pressing need to address the challenges faced by the disadvantaged during this holy month. Our objective at Cap Foundation is clear: to provide sustenance for the most destitute in Bangladesh. This year, we are proud to have delivered food parcels to over 4,000 families, averaging around 5 members each, totalling approximately 20,000 individuals across various districts. Each food package thoughtfully includes essentials such as rice, onions, potatoes, oil, lentils, chickpeas, dates, salts, and spices. **6** ## **Community Against Poverty Foundation** **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2023** Through this crucial food supply, we aim to alleviate the struggles and hunger faced by these families, providing relief for the entire month of Ramadan. By ensuring access to essential provisions, we hope to make their day-to-day activities and work more manageable during this sacred time. Cap Foundation remains comitted to making a positive impact and supporting those in need, particularly during significant cultural and religious observances. ## **Annual Qurbani:** Qurbani is the sacred act of offering an animal sacrifice to Allah (SWT) on Eid-ul-Adha, a significant ritual associated with Hajj. It is obligatory for all Muslim adults who are eligible to pay Zakat. At Cap Foundation, we acknowledge the importance of Qurbani, especially for our school families, a majority of whom are orphans living in poverty with children. Recognizing that not everyone has the means to participate, we carefully select animals and distribute the meat to children, widows, and orphans. The impact of every donation is profound, extending beyond individual families. We ensure that the meat is sourced locally in Bangladesh, benefiting not only the recipient families but also their local communities. By adhering to this practice, we aim to strengthen community bonds and contribute to the well-being of those in need. Your support ensures that the spirit of Qurbani resonates not just within individual households but across the broader fabric of local communities. ## **Zakat and Fitrana Distribution:** Zakat, a fundamental pillar of Islam, requires every mentally sound, adult Muslim surpassing the nisab to contribute 2.5% of their wealth. Meanwhile, Fitrana, a pre-Eid donation of excess food, is obligatory for self-sufficient adults and extends to their dependents. Similar to previous years, CAP Foundation has empowered families, encompassing many individuals, through Zakat distribution. These funds aid immediate necessities like food, medicine, and clothing, and families are also empowered to invest in ventures such as agriculture for sustainable livelihoods. ## **FINANCIAL REVIEW** The committee would report that the income of the charitable company in respect of unrestricted funds was £412,171.00 (2022 £134,327.00). The income in respect of restricted funds was £00.00 (2022 £235,753.00). The statements of financial activities show the total resources expended was £202,567.00 for unrestricted and £224,053.00 for restricted funds. ## **DUE DILIGENCE** During specific periods, Cap Foundation mobilizes dedicated teams comprising trustees, staff, and volunteers to assess project progress and raise awareness and funds for humanitarian crises. The deployment of volunteers, subject to a rigorous selection process involving due diligence, interviews, and reference checks, underscores Cap Foundation's commitment to transparency and accountability. The organization's monitoring and safeguarding policies, transparently communicated to recipients, **7** ## **Community Against Poverty Foundation** ## **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2023** ensure adherence to established standards. The emphasis on maintaining an acceptable standard of services and activities is reinforced by robust financial controls, including meticulous accounting of charity expenditures. This comprehensive approach reflects Cap Foundation's dedication to effective relief work and responsible resource management. In recent years, Cap Foundation has undertaken both successful long-term and short-term projects, each accompanied by invaluable lessons. These experiences have served as catalysts for continuous improvement, prompting us to revisit and update our policies and services. By actively addressing the challenges encountered and incorporating the insights gained, Cap Foundation has not only adapted but thrived. This iterative process has enabled us to enhance our effectiveness and better serve the communities we aim to support. ## **PLANS FOR FUTURE PERIODS** Our future endeavours at Cap Foundation encompass not only sustaining relief efforts in natural disaster zones but also extending support to regions grappling with extreme poverty. Our commitment involves providing essential aid—such as food, medical assistance, and clean water—while concurrently initiating sustainable projects to empower communities. The ultimate goal is to elevate beneficiaries to a selfsufficient status, reducing reliance on humanitarian aid. Our approach prioritizes efficiency, effectiveness, and professionalism in serving communities. Regular reviews and updates for the management committee of Trustees ensure alignment with Charity Commission guidelines, emphasizing the importance of maintaining reserves for core activities, safeguarding against income shortfalls, and fostering balanced, long-term strategic planning. **8** ## **Community Against Poverty Foundation** **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 March 2023** The trustees' annual report was approved on 31 January 2024 and signed on behalf of the board of trustees by: Mr. M A Samad Chair | Trustee **9** ## **Community Against Poverty Foundation** ## **Independent Examiner's Report to the Trustees of Community Against Poverty Foundation** ## **Year ended 31 March 2023** I report to the trustees on my examination of the financial statements of Community Against Poverty Foundation ('the charity') for the year ended 31 March 2023. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity’s gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. Accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. The financial statements do not accord with those records; or 3. The financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. M.R Accountants Independent Examiner 50 Brian Road Romford Essex RM6 5BX 31 January 2024 **10** ## **Community Against Poverty Foundation** ## **Statement of Financial Activities** ## **Year ended 31 March 2023** |**Note**
**Income and endowments**
Donations and legacies
**4**
**Total income**
**Expenditure**
Expenditure on raising funds:
Cost of charitable activities and
raising donations
**5**
**Total expenditure**
**Net (expenditure)/income and net**
**movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|Unrestricted
funds
**£**
188,118
188,118
202,567
202,567
**(14,449)**
82,361
67,912|Restricted
funds
**£**
224,053
224,053
224,053
224,053
-
-
-|**2023**
**Total**
**funds**
**£**
**412,171**
**412,171**
**426,620**
**426,620**
**(14,449)**
**82,361**
**67,912**|2022
Total funds
£
370,080| |---|---|---|---|---| |||||370,080| |||||388,140| |||||388,140| |||||| |||||(18,060)| |||||100,421| |||||82,361| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. **The notes on pages 13 to 19 form part of these financial statements.** **11** ## **Community Against Poverty Foundation** ## **Statement of Financial Position** ## **Year ended 31 March 2023** |**Year ended 31 March 2023**||| |---|---|---| |**Note**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**9**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Funds of the charity**
Unrestricted funds
**Total charity funds**
**10**|**2023**
**£**
**68,662**
**750**
**67,912**
**67,912**
**67,912**
**67,912**
**67,912**|2022
£
83,111
750| |||82,361| |||82,361| |||82,361| |||82,361| |||82,361| These financial statements were approved by the board of trustees and authorised for issue on 31 January 2024, and are signed on behalf of the board by: Mr. M A Samad Chair | Trustee **The notes on pages 13 to 19 form part of these financial statements.** **12** ## **Community Against Poverty Foundation** ## **Statement of Cash Flows** ## **Year ended 31 March 2023** |**Year ended 31 March 2023**||| |---|---|---| |**Cash flows from operating activities**
Net (expenditure)/income
Cash generated from operations
Net cash (used in)/from operating activities
**Net (decrease)/increase in cash and cash equivalents**
**Cash and cash equivalents at beginning of year**
**Cash and cash equivalents at end of year**|**2023**
**£**
**(14,449)**
**(14,449)**
**(14,449)**
**(14,449)**
**83,111**
**68,662**|2022
£
(18,059)| |||(18,059)| |||(18,059)| |||(18,059)
101,170| |||83,111| **The notes on pages 13 to 19 form part of these financial statements.** **13** **Community Against Poverty Foundation** **Notes to the Financial Statements** ## **Year ended 31 March 2023** ## **1. General information** The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Ground Floor, Room 10, 7-15 Greatorex Street, London, E1 5NF. ## **2. Statement of compliance** These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. ## **3. Accounting policies** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. **14** **Community Against Poverty Foundation** **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** **3. Accounting policies** _**(continued)**_ ## **Incoming resources** All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. ## **Resources expended** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. ## **Financial instruments** A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. **15** **Notes to the Financial Statements** _**(continued)**_ ## **Community Against Poverty Foundation** ## **Year ended 31 March 2023** ## **3. Accounting policies** _**(continued)**_ ## **Financial instruments** _**(continued)**_ Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. ## **4. Donations and legacies** |**Donations**
General donations
Donations via gift aid
Other in kind donations
**Grants**
Grants|Unrestricted
Funds
£
88,163
45,157
60,797
-
188,118|Restricted
Funds
£
224,053
-
-
-
224,053|**Total Funds**
**2023**
**£**
**306,217**
**45,157**
**60,797**
**-**| |---|---|---|---| ||||**412,171**| **16** ## **Community Against Poverty Foundation** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** |**4.**
**Donations and legacies****_(continued)_**
**Donations**
General donations
Donations via gift aid
Other in kind donations
**Grants**
Grants|Unrestricted
Funds
£
44,513
42,965
46,849
-
134,327|Restricted
Funds
£
203,753
-
-
32,000
235,753|**Total Funds**
**2022**
**£**
248,266
42,965
46,849
32,000| |---|---|---|---| ||||370,080| ## **5. Cost of charitable activities and raising donations** |Rent and rates
Legal and professional fees
Telephone
Internet and computer expenses
Wages and salaries
Water well
Covid 19 - Bangladesh
Turkey Earthquake
Community mosque development
Ramadan food distributions
CAP Academy
Guardians orphans village
Overseas operational costs
Zakah/Fitrah
Village corner shop
Covid 19 - UK Project
Fish4Life - Boat project
Annual qurbani
Events and activities
Stationary, postage and advertising
Accountancy fees
Bank and credit card charges
Promotion and marketing
Emergency Flood Response: Food, Iron
roof tin, Household essentials, Tin sheds &
Village houses|Unrestricted
Funds
£
5,490
1,498
1,274
2,289
5,111
7,650
-
15,427
-
8,000
-
30,000
6,817
-
3,845
6,000
13,500
-
35,728
4,139
770
6,700
29,315
19,014
202,567|Restricted
Funds
£
-
-
-
-
-
23,675
-
60,545
17,775
24,500
-
20,678
-
12,500
-
15,200
-
1,680
-
-
-
-
-
47,500
224,053|**Total Funds**
**2023**
£
**5,490**
**1,498**
**1,274**
**2,289**
**5,111**
**31,325**
**-**
**75,972**
**17,775**
**32,500**
**-**
**50,678**
**6,817**
**12,500**
**3,845**
**21,200**
**13,500**
**1,680**
**35,728**
**4,139**
**770**
**6,700**
**29,315**
**66,514**
**426,620**| |---|---|---|---| **17** ## **Community Against Poverty Foundation** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** |**5.**
**Cost of charitable activities and raising donations****_(continued)_**
Unrestricted
Funds
£
Rent and rates
5,948
Legal and professional fees
2,286
Telephone
1,335
Internet and computer expenses
1,050
Wages and salaries
9,831
Water well
26,325
Covid 19 - Bangladesh
7,245
Community mosque development
9,500
Ramadan food distributions
21,450
CAP Academy
3,273
Guardians orphans village
12,575
Overseas operational costs
10,392
Zakah/Fitrah
-
Village corner shop
3,375
Covid 19 - UK Project
12,536
Fish4Life - Boat project
6,000
Annual qurbani
-
Events and activities
2,780
Stationary, postage and advertising
1,272
Accountancy fees
750
Bank and credit card charges
3,464
Promotion and marketing
11,000
152,387|Restricted
Funds
£
-
-
-
-
-
50,100
-
46,900
41,050
-
54,215
-
8,888
-
32,000
-
2,600
-
-
-
-
-
235,753|Total Funds
2022
£
5,948
2,286
1,335
1,050
9,831
76,425
7,245
56,400
62,500
3,273
66,790
10,392
8,888
3,375
44,536
6,000
2,600
2,780
1,272
750
3,464
11,000| |---|---|---| |||388,140| ## **6. Independent examination fees** Independent examiner fees charges were £750.00. ## **7. Staff costs** There were two members of staff during the year. ## **8. Trustee remuneration and expenses** No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. ## **9. Creditors: amounts falling due within one year** ||**2023**|2022| |---|---|---| ||**£**|£| |Accruals and deferred income|**750**|750| **18** ## **Community Against Poverty Foundation** **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** ## **10. Analysis of charitable funds** |**Unrestricted funds**
General funds
General funds
**Restricted funds**
Restricted Fund 1 - desc in a/cs
Restricted Fund 1 - desc in a/cs
**11. Analysis of net assets between funds**
Current assets
Creditors less than 1 year
**Net assets**
Current assets
Creditors less than 1 year
**Net assets**|At
1 April 2022
£
82,361
At
1 April 2021
£
100,421
At
1 April 2022
£
-
At
1 April 2021
£
-|Income
£
188,118
Income
£
134,327
Income
£
224,053
Income
£
235,753|Expenditure
£
(202,567)
Expenditure
£
(152,387)
Expenditure
£
(224,053)
Expenditure
£
(235,753)
Unrestricted
Funds
£
68,662
(750)
67,912
Unrestricted
Funds
£
83,111
(750)
82,361|**At**
**31 March 2023**
£
**67,912**| |---|---|---|---|---| |||||At
31 March 2022
£
82,361| |||||**At**
**31 March 2023**
£
**-**| |||||At
31 March 2022
£
-| |||||**Total Funds**
**2023**
**£**
**68,662**
**(750)**| |||||**67,912**| |||||**Total Funds**
**2022**
**£**
**83,111**
**(750)**| |||||**82,361**| **19** ## **Community Against Poverty Foundation** **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** ||At||**At**| |---|---|---|---| ||1 April 2022|Cash flows|**31 March 2023**| ||£|£|**£**| |Cash at bank|83,111|(14,449)|**68,662**| |and in hand|||| **20**