REGISTERED COMPANY NUMBER: 08411403 (England and Wales) REGISTERED CHARITY NUMBER: 1151221
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 28 February 2023
for
AL BATOOL (A.S.) SERVICES LIMITED
Walji & Associates Accountants 336 Pinner Road North Harrow Middlesex HA1 4LB
AL BATOOL (A.S.) SERVICES LIMITED
Contents of the Financial Statements for the Year Ended 28 February 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
AL BATOOL (A.S.) SERVICES LIMITED
Report of the Trustees
for the Year Ended 28 February 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28 February 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
08411403 (England and Wales)
Registered Charity number 1151221
Registered office
336 Pinner Road Notrth Harrow Middlesex HA1 4LB
Trustees
R Esmail Mrs R Esmail Dr Z A Esmail Dr J A Jaffer
Company Secretary
Mrs R Esmail
Independent Examiner
Walji & Associates Accountants 336 Pinner Road North Harrow Middlesex HA1 4LB
Approved by order of the board of trustees on 16 November 2023 and signed on its behalf by:
R Esmail - Trustee
Page 1
Independent Examiner's Report to the Trustees of AL BATOOL (A.S.) SERVICES LIMITED
Independent examiner's report to the trustees of AL BATOOL (A.S.) SERVICES LIMITED ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Mustafa Walji
Walji & Associates Accountants 336 Pinner Road North Harrow Middlesex HA1 4LB
16 November 2023
Page 2
AL BATOOL (A.S.) SERVICES LIMITED
Statement of Financial Activities
for the Year Ended 28 February 2023
| 28.2.23 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 167,580 Other income 46,860 Total 214,440 EXPENDITURE ON Charitable activities Charitable Activities 194,213 NET INCOME 20,227 RECONCILIATION OF FUNDS Total funds brought forward 405,569 TOTAL FUNDS CARRIED FORWARD 425,796 |
28.2.22 Total funds £ 403,734 27,171 |
|---|---|
| 430,905 | |
| 82,372 | |
| 348,533 57,036 |
|
| 405,569 |
The notes form part of these financial statements
Page 3
AL BATOOL (A.S.) SERVICES LIMITED
Balance Sheet
28 February 2023
| 28.2.23 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 56,405 CURRENT ASSETS Debtors 6 80,972 Investments 7 10,950 Cash at bank and in hand 301,249 393,171 CREDITORS Amounts falling due within one year 8 (23,780) NET CURRENT ASSETS 369,391 TOTAL ASSETS LESS CURRENT LIABILITIES 425,796 NET ASSETS 425,796 FUNDS 10 Unrestricted funds 425,796 TOTAL FUNDS 425,796 |
28.2.22 Total funds £ 56,834 80,972 10,950 447,943 539,865 (191,130) 348,735 405,569 405,569 405,569 405,569 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 4
AL BATOOL (A.S.) SERVICES LIMITED
Balance Sheet - continued
28 February 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 16 November 2023 and were signed on its behalf by:
R Esmail - Trustee
J A Jaffer - Trustee
The notes form part of these financial statements
Page 5
AL BATOOL (A.S.) SERVICES LIMITED
Notes to the Financial Statements for the Year Ended 28 February 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 28.2.23 | 28.2.22 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 429 | 2,863 |
Page 6
continued...
AL BATOOL (A.S.) SERVICES LIMITED
Notes to the Financial Statements - continued for the Year Ended 28 February 2023
3. TRUSTEES' REMUNERATION AND BENEFITS
Trustees' expenses
During the year, one trustee was remunerated expenses amounting to £1,437.
There were no trustees' remuneration or other benefits for the year ended 28 February 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| Unrestricted | |||
|---|---|---|---|
| fund | |||
| £ | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 403,734 | ||
| Other income | 27,171 | ||
| Total | 430,905 | ||
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitable Activities | 82,372 | ||
| NET INCOME | 348,533 | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 57,036 | ||
| TOTAL FUNDS CARRIED FORWARD | 405,569 | ||
| TANGIBLE FIXED ASSETS | |||
| Freehold | Plant and | ||
| property | machinery | Totals | |
| £ | £ | £ | |
| COST | |||
| At 1 March 2022 and 28 February 2023 | 56,405 | 13,865 | 70,270 |
| DEPRECIATION | |||
| At 1 March 2022 | - | 13,436 | 13,436 |
| Charge for year | - | 429 | 429 |
| At 28 February 2023 | - | 13,865 | 13,865 |
| NET BOOK VALUE | |||
| At 28 February 2023 | 56,405 | - | 56,405 |
| At 28 February 2022 | 56,405 | 429 | 56,834 |
continued...
Page 7
AL BATOOL (A.S.) SERVICES LIMITED
Notes to the Financial Statements - continued for the Year Ended 28 February 2023
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 7. CURRENT ASSET INVESTMENTS Bitcoin Purchase 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other loans (see note 9) Accrued expenses 9. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Other loans 10. MOVEMENT IN FUNDS At 1.3.22 £ Unrestricted funds General fund 405,569 TOTAL FUNDS 405,569 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 214,440 TOTAL FUNDS 214,440 |
28.2.23 £ 80,972 28.2.23 £ 10,950 28.2.23 £ 23,000 780 23,780 28.2.23 £ 23,000 Net movement in funds £ 20,227 20,227 Resources expended £ (194,213) (194,213) |
||
|---|---|---|---|
continued...
Page 8
AL BATOOL (A.S.) SERVICES LIMITED
Notes to the Financial Statements - continued for the Year Ended 28 February 2023
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.3.21 £ Unrestricted funds General fund 57,036 TOTAL FUNDS 57,036 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 430,905 TOTAL FUNDS 430,905 |
Net movement At in funds 28.2.22 £ £ 348,533 405,569 348,533 405,569 Resources Movement expended in funds £ £ (82,372) 348,533 (82,372) 348,533 |
At 28.2.22 £ 405,569 |
|---|---|---|
| 405,569 | ||
| 348,533 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.3.21 £ 57,036 57,036 |
Net movement in funds £ 368,760 368,760 |
At 28.2.23 £ 425,796 |
|---|---|---|---|
| 425,796 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 645,345 645,345 |
Resources Movement expended in funds £ £ (276,585) 368,760 (276,585) 368,760 |
Resources Movement expended in funds £ £ (276,585) 368,760 (276,585) 368,760 |
|---|---|---|---|
| 368,760 |
continued...
Page 9
AL BATOOL (A.S.) SERVICES LIMITED
Notes to the Financial Statements - continued for the Year Ended 28 February 2023
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 28 February 2023.
Page 10
AL BATOOL (A.S.) SERVICES LIMITED
Detailed Statement of Financial Activities for the Year Ended 28 February 2023
| Detailed Statement of Financial Activities for the Year Ended 28 February 2023 |
||
|---|---|---|
| 28.2.23 | 28.2.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donation Received | 167,580 | 403,734 |
| Other income | ||
| Other income | - | 27,141 |
| Gift Aid income | 46,776 | - |
| Interest received | 84 | 30 |
| 46,860 | 27,171 | |
| Total incoming resources | 214,440 | 430,905 |
| EXPENDITURE | ||
| Charitable activities | ||
| Medical | - | 15,150 |
| Orphans and Widows | 31,074 | 17,327 |
| Trips | - | 6,000 |
| Covid Aid | - | 100 |
| Disaster Relief | 250 | - |
| Business start up | 800 | - |
| Education support | 133,518 | 30,258 |
| 165,642 | 68,835 | |
| Support costs | ||
| Other | ||
| Travel | 8,655 | - |
| Repairs & Renewals | - | 9,930 |
| Accountancy fee | 840 | 720 |
| Bank Charges | 24 | 24 |
| Legal fees | 9,905 | - |
| Freight & handling | 6,313 | - |
| Website | 2,405 | - |
| Fixtures and fittings | 429 | 2,863 |
| 28,571 | 13,537 | |
| Total resources expended | 194,213 | 82,372 |
| Net income | 20,227 | 348,533 |
This page does not form part of the statutory financial statements
Page 11