The Charity Registration Number is :- 1169028
ZUBEIDA CHARITABLE TRUST
Report and Accounts
31 March 2024
ZUBEIDA CHARITABLE TRUST
Report and accounts for the year ended 31 March 2024
Contents
| Page | ||
|---|---|---|
| Trustees' Annual Report | 1-3 | |
| Statement of Trustees's responsibilities | 4 | |
| Independent Accountant's Report | 5-6 | |
| Funds Statements:- | ||
| Statement of Financial Activities | 7 | |
| Statement of Financial Activities - Prior Year statement | 8 | |
| Movements in funds | 9 | |
| Income and Expenditure account | 10 | |
| Balance sheet | 11 | |
| Notes to the accounts | 12-16 |
ZUBEIDA CHARITABLE TRUST
Trustees' Annual Report for the year ended 31 March 2024
The Trustees present their Report and Accounts for the year ended 31 March 2024.
Reference and administrative details
The charity name.
The legal name of the charity is:- ZUBEIDA CHARITABLE TRUST.
The charity is also known by its operating name, Zubeida Charitable Trust.
The charity's areas operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1169028.
The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .
The governing document is dated 01 July 2016
1
ZUBEIDA CHARITABLE TRUST
Trustees' Annual Report for the year ended 31 March 2024
The principal operating address, telephone number, email and web addresses of the charity are:-
70 Edinburgh Road
London E17 7QB Telephone 07877136033
Email Address
The Trustees in office on the date the report was approved were:-
Mohamed Patel
Ayub Patel Hammaad Patel Imran Patel
The following persons served as Trustees during the year ended 31 March 2024 :-
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
Zubeida Charitable Trust is a general purpose charity and aims to support a range of charitable causes for the public benefit.
The main focus being on
i.) humanitarian relief and development via financial or other aid; ii.) educational aid, religious (Islamic) and secular; iii.) medical aid.
The main activities undertaken in relation to those purposes during the year.
Making grants to charitable purposes for various public benefits.
The main activities undertaken during the year to further the charity's purpose for the public benefit.
Making grants for charitable purposes to various UK charities, which are registered with the Charities Commission.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
2
ZUBEIDA CHARITABLE TRUST
Trustees' Annual Report for the year ended 31 March 2024
The main achievements and performance of the charity during the year.
10 applications were received and approved to the following:
| Name | Charity Registeration Number |
|---|---|
| Al-Hasanaat Foundation | 1142791 |
| Ummah Welfare Trust | 1000851 |
| Molvi Ebrahim Mulla Foundation | 1096887 |
| Crescent Learning Centre (Makki Masjid Trust) | 1129470 |
| Valan Social Welfare Trust | 1119218 |
| Global Welfare Relief | 1170887 |
| Sayaban Welfare | 1196536 |
| India Muslim Releif Committee | 290198 |
| Burma Aid | 1159972 |
| Orphans inNeed | 1144812 |
| Masjid-E- Umer Trust | 1083652 |
| Imdaadul Ghurabaa Trust | 1077418 |
Financial review
The charity's financial position at the end of the year ended 31 March 2024
The financial position of the charity at 31 March 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Restricted Revenue Funds Total Funds Unrestricted Revenue Funds available for the general purposes of the charity Net income |
2024 £ 13,726 134,204 492,149 626,353 |
2023 £ (13,269) |
|---|---|---|
| 108,692 503,935 |
||
| 612,627 |
Financial review of the position at the reporting date, 31 March 2024 .
The trustees consider the financial performance by the charity during the year to have been satisfactory.
Details of The Independent Examiner
MR P. JAYAWARDENE
Member of The Institute of Chartered Accountants
4A The Avenue Highams Park London E4 9LD
3
ZUBEIDA CHARITABLE TRUST
Trustees' Annual Report for the year ended 31 March 2024
Statement of Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-
-
to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material
-
departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 17 September 2024.
MR MOHAMED PATEL BSc MRICS Trustee (Head)
4
ZUBEIDA CHARITABLE TRUST
Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2024
I report to the trustees on my examination of the financial statements of Zubeida Charitable Trust (‘the charity') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.
Respective responsibilities of the Trustees and the Independent Examiner and the basis of the 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 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, Report and Opinion
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:
Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
The financial statements do not accord with those records; or
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 financial statements to be reached.
Signed:-
Peter Jayawardene Peter Jayawardene (Sep 18, 2024 13:12 GMT+1)
MR P. JAYAWARDENE - Independent Examiner
Member of The Institute of Chartered Accountants
4A The Avenue Highams Park London E4 9LD
This report was signed on 18 September 2024
5
ZUBEIDA CHARITABLE TRUST - Statement of Financial Activities for the year ended 31 March 2024
Statement of Financial Activities for the year ended 31 March 2024
| Income & Endowments from: Donations & Legacies A1 Investments A4 Total income A Expenditure on: Charitable activities B2 Total expenditure B Net income for the year Net income after transfers A-B Reconciliation of funds:- E Total funds brought forward Total funds carried forward SORP Ref Net movement in funds |
Current year Unrestricted Funds 2024 £ 68,927 14,190 83,117 57,605 57,605 25,512 25,512 25,512 108,692 134,204 |
Current year Restricted Funds 2024 £ - - - 11,786 11,786 (11,786) (11,786) (11,786) 503,935 492,149 |
Current year Total Funds 2024 £ 68,927 14,190 83,117 69,391 69,391 13,726 13,726 13,726 612,627 626,353 |
Prior Year Total Funds 2023 £ 35,846 13,698 |
|---|---|---|---|---|
| 49,544 | ||||
| 62,813 | ||||
| 62,813 | ||||
| (13,269) | ||||
| (13,269) | ||||
| (13,269) 625,896 |
||||
| 612,627 |
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All activities derive from continuing operations
The notes attached on pages 11 to 15 form an integral part of these accounts.
6
ZUBEIDA CHARITABLE TRUST - Statement of Financial Activities for the year ended 31 March 2024
ZUBEIDA CHARITABLE TRUST - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP
| Income & Endowments from: Donations & Legacies A1 Investments A4 Total income A Expenditure on: Charitable activities B2 Total expenditure B Net income for the year Net income after transfers A-B Reconciliation of funds:- E Total funds brought forward Total funds carried forward Net movement in funds SORP Ref |
Prior Year Unrestricted Funds 2023 £ 35,846 13,698 49,544 51,121 51,121 (1,577) (1,577) (1,577) 110,269 108,692 |
Prior Year Restricted Funds 2023 £ - - - 11,692 11,692 (11,692) (11,692) (11,692) 515,627 503,935 |
Prior Year Total Funds 2023 £ 35,846 13,698 49,544 62,813 62,813 (13,269) (13,269) (13,269) 625,896 |
|---|---|---|---|
| 612,627 |
All activities derive from continuing operations
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.'
The notes attached on pages 11 to 15 form an integral part of these accounts.
7
ZUBEIDA CHARITABLE TRUST - Statement of Financial Activities for the year ended 31 March 2024
ZUBEIDA CHARITABLE TRUST - Resources applied in the year ended 31 March 2024 towards fixed assets for Charity use:-
| Funds generated in the year as detailed in the SOFA Net resources available to fund charitable activities |
2024 £ 13,726 13,726 |
2023 £ (13,269) |
|---|---|---|
| (13,269) |
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
Movements in revenue and capital funds for the year ended 31 March 2024
Revenue accumulated funds
| Unrestricted Funds 2024 £ Accumulated funds brought forward 108,692 25,512 134,204 Closing revenue funds 134,204 Summary of funds Unrestricted and Designated funds 2024 £ Revenue accumulated funds 134,204 Total funds 134,204 Recognised gains and losses before transfers |
Restricted Funds 2024 £ 503,935 (11,786) 492,149 492,149 Restricted Funds 2024 £ 492,149 492,149 |
Total Funds 2024 £ 612,627 13,726 626,353 626,353 Total Funds 2024 £ 626,353 626,353 |
Last year Total Funds 2023 £ 625,896 (13,269) |
|---|---|---|---|
| 612,627 | |||
| 612,627 | |||
| Last Year Total Funds 2023 £ 612,627 |
|||
| 612,627 |
The notes attached on pages 11 to 15 form an integral part of these accounts.
8
ZUBEIDA CHARITABLE TRUST - Statement of Financial Activities for the year ended 31 March 2024
ZUBEIDA CHARITABLE TRUST
Income and Expenditure Account for the year ended 31 March 2024
| Income Income from operations Refunds from HMRC on gift aided donations Income from investments, other than interest receivable Interest receivable Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year Net income after tax in the financial year Net income before tax in the financial year Investment income |
2024 £ 61,737 7,190 12,000 2,190 83,117 83,117 57,111 11,500 69,391 13,726 - 13,726 13,726 |
2023 £ 28,596 7,250 12,000 1,698 |
|---|---|---|
| 49,544 | ||
| 49,544 | ||
| 50,533 11,500 |
||
| 62,813 | ||
| (13,269) - |
||
| (13,269) | ||
| (13,269) |
All activities derive from continuing operations
The headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 11 to 15 form an integral part of these accounts.
9
ZUBEIDA CHARITABLE TRUST - Balance Sheet as at 31 March 2024
| Note SORP Ref Fixed assets A Tangible assets 4 A2 Current assets B Debtors 5 B2 Cash at bank and in hand B4 Total current assets Creditors: amounts falling due within one year 6 C1 Net current assets The total net assets of the charity |
2024 £ 494,500 6,161 126,472 132,633 (780) 131,853 626,353 |
2023 £ 506,000 3,142 104,265 107,407 (780) 106,627 612,627 |
2023 £ 506,000 3,142 104,265 107,407 (780) 106,627 612,627 |
|---|---|---|---|
| 612,627 |
The total net assets of the charity are funded by the funds of the charity, as follows:-
| Restricted funds Restricted Revenue Funds 9 D2 492,149 Unrestricted Funds Unrestricted Revenue Funds 9 D3 134,204 Designated Funds Total charity funds |
503,935 492,149 108,692 134,204 626,353 |
503,935 108,692 |
|---|---|---|
| 612,627 |
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.
The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 5.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
MR MOHAMED PATEL BSc MRICS Trustee (Head)
Approved by the board of trustees on 17 September 2024
The notes attached on pages 11 to 15 form an integral part of these accounts.
10
ZUBEIDA CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2024
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Policies relating to categories of income and income recognition.
Nature of income
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Income recognition
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Dividends are accrued when the shareholder’s right to receive payment is established.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
Accounting for deferred income and income received in advance
Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.
Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.
When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.
Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.
Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.
11
ZUBEIDA CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2024
Income from legacies
Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to them, that where required, probate has been granted, the executor is satisfied that the property in question will not be required to satisfy claims in the estate, that it is probable that the amount will be received by the charity, and the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met.
Where a payment is received from an estate or is notified as receivable by the executors after the reporting date and before the accounts are authorised for issue but it is clear that the payment had been agreed by the executors prior to the end of the reporting period, then the amount concerned is treated as an adjusting event and accrued as income in the accounting period if receipt is probable.
Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the payment, details of the legacy are disclosed as a contingent asset until the criteria for income recognition are met. Where a legacy is subject to the interest of a life tenant, the legacy is not recognised as income until the death of the life tenant.
If it is doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to reduce the amount of the legacy debtor and legacy income rather than charging the adjustment as expenditure in the Statement of Financial Activities
Donated goods, facilities and services
Donated fixed assets are recognised at the current fair value. All such donations are recognised as donation income, and debited to fixed assets.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Allocating costs to activities
Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.
The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-
Staffing - on the basis of time spent in connection with any particular activity. Staffing - on a per capita basis, based on the number of of people employed within any partiular activity. Premises related costs - on the proportion of floor area occupied by a particular activity.
Tangible fixed assets
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Freehold premises
2 % straight line
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
12
ZUBEIDA CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2024
2 Net surplus before tax in the financial year
| The net surplus before tax in the financial year is stated after charging:- Depreciation of owned fixed assets |
2024 £ 11,500 |
2023 £ 11,500 |
|---|---|---|
3 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
4 Tangible fixed assets
| Current Year Cost At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 Prior Year Cost 01 April 2022 01 April 2023 Depreciation 01 April 2022 Charge for the year 01 April 2023 Net book value 01 April 2023 01 April 2022 |
Land and Buildings £ 575,000 |
Plant & Machinery £ - |
Motor Vehicles £ - |
Total £ 575,000 |
|---|---|---|---|---|
| 575,000 | - | - | 575,000 | |
| 69,000 11,500 |
- - |
- - |
69,000 11,500 |
|
| 80,500 | - | - | 80,500 | |
| 494,500 | - | - | 494,500 | |
| 506,000 | - | - | 506,000 | |
| Land and Buildings £ 575,000 |
Plant & Machinery £ - |
Motor Vehicles £ - |
Total £ 575,000 |
|
| 575,000 | - | - | 575,000 | |
| 57,500 11,500 |
- - |
- - |
57,500 11,500 |
|
| 69,000 | - | - | 69,000 | |
| 506,000 | - | - | 506,000 | |
| 517,500 | - | - | 517,500 |
13
ZUBEIDA CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2024
| 5 Debtors Prepayments and accrued income 6 Creditors: amounts falling due within one year Accruals 7 Income and Expenditure account summary At 1 April 2023 Surplus after tax for the year At 31 March 2024 8 Particulars of how particular funds are represented by assets and liabilities At 31 March 2024 Unrestricted Designated funds funds £ £ Tangible Fixed Assets 494,500 - Current Assets (359,516) Current Liabilities (780) - 134,204 - At 1 April 2023 Unrestricted Designated funds funds £ £ Tangible Fixed Assets 506,000 - Current Assets (396,528) - Current Liabilities (780) - 108,692 - |
5 Debtors Prepayments and accrued income 6 Creditors: amounts falling due within one year Accruals 7 Income and Expenditure account summary At 1 April 2023 Surplus after tax for the year At 31 March 2024 8 Particulars of how particular funds are represented by assets and liabilities At 31 March 2024 Unrestricted Designated funds funds £ £ Tangible Fixed Assets 494,500 - Current Assets (359,516) Current Liabilities (780) - 134,204 - At 1 April 2023 Unrestricted Designated funds funds £ £ Tangible Fixed Assets 506,000 - Current Assets (396,528) - Current Liabilities (780) - 108,692 - |
5 Debtors Prepayments and accrued income 6 Creditors: amounts falling due within one year Accruals 7 Income and Expenditure account summary At 1 April 2023 Surplus after tax for the year At 31 March 2024 8 Particulars of how particular funds are represented by assets and liabilities At 31 March 2024 Unrestricted Designated funds funds £ £ Tangible Fixed Assets 494,500 - Current Assets (359,516) Current Liabilities (780) - 134,204 - At 1 April 2023 Unrestricted Designated funds funds £ £ Tangible Fixed Assets 506,000 - Current Assets (396,528) - Current Liabilities (780) - 108,692 - |
2024 £ 6,161 |
2023 £ 3,142 |
|---|---|---|---|---|
| 6,161 | 3,142 | |||
| 2024 £ 780 |
2023 £ 780 |
|||
| 780 | 780 | |||
| 2024 £ 612,627 13,726 |
2023 £ 625,896 (13,269) |
|||
| 626,353 | 612,627 | |||
| Restricted funds £ - 492,149 - |
Total Funds £ 494,500 132,633 (780) |
|||
| 134,204 | - | 492,149 | 626,353 | |
| Unrestricted funds £ 506,000 (396,528) (780) |
Designated funds £ - - - |
Restricted funds £ - 503,935 - |
Total Funds £ 506,000 107,407 (780) |
|
| 108,692 | - | 503,935 | 612,627 |
14
ZUBEIDA CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2024
9 Change in total funds over the year as shown in Note 8 , analysed by individual funds
| Unrestricted and designated funds:- Unrestricted Revenue Funds Total unrestricted and designated funds Restricted funds:- Restricted Fixed Asset Funds Donations & Legacies Total restricted funds Total charity funds |
Funds brought forward from 2023 £ 108,692 |
Movement in funds in 2024 See Note 10 £ 25,512 |
See Note 0 £ - Transfers between funds in 2024 |
Funds carried forward to 2025 £ 134,204 |
|---|---|---|---|---|
| 108,692 | 25,512 | - | 134,204 | |
| - 503,935 |
(11,786) - |
- - |
(11,786) 503,935 |
|
| 503,935 | (11,786) | - | 492,149 | |
| 612,627 | 13,726 | - | 626,353 |
10 Analysis of movements in funds over the year as shown in Note 9
| Unrestricted and designated funds:- Unrestricted Revenue Funds Restricted funds:- Restricted Fixed Asset Funds |
Income 2024 £ 83,117 - |
Expenditure 2024 £ (57,605) (11,786) |
Other Gains & Losses 2024 £ - - |
Movement in funds 2024 £ 25,512 (11,786) |
|---|---|---|---|---|
| 83,117 | (69,391) | - | 13,726 |
11 The purposes for which the funds
Unrestricted and designated funds:-
Unrestricted Revenue Funds
Unrestricted Revaluation Reserve
These funds are held for meeting the objectives of the charity, and to provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use.
This fund represents the unrestricted surplus arising on the revaluation of the charity's assets.
Restricted funds:-
Restricted Fixed Asset Funds Restricted Revaluation Reserve
The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of the charity's assets.
12 Ultimate controlling party
The charity is under the control of its legal members.
15