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2025-03-31-accounts

The Charity Registration Number is :- 1169028

ZUBEIDA CHARITABLE TRUST

Report and Accounts

31 March 2025

ZUBEIDA CHARITABLE TRUST

Report and accounts for the year ended 31 March 2025

Contents

Page
Trustees' Annual Report 1-3
Statement of Trustees's responsibilities 4
Independent Accountant's Report 5
Funds Statements:-
Statement of Financial Activities 6
Statement of Financial Activities - Prior Year statement 7
Movements in funds 8
Income and Expenditure account 9
Balance sheet 10
Notes to the accounts 11-15

ZUBEIDA CHARITABLE TRUST

Trustees' Annual Report for the year ended 31 March 2025

The Trustees present their Report and Accounts for the year ended 31 March 2025.

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 2025

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 2025 :-

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 2025

The main achievements and performance of the charity during the year.

13 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
Orphans inNeed 1144812
Al Fath Trust 1158726
Burma Aid 1159972
Imdaadul Ghurabaa Trust 1077418
Khair ul Nas Charitable Trust 1160903
Darur Rashad Trust 1182871

Financial review

The charity's financial position at the end of the year ended 31 March 2025

The financial position of the charity at 31 March 2025 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
2025
£
(5,978)
140,199
480,176
620,375
2024
£
13,726
134,204
492,149
626,353

Financial review of the position at the reporting date, 31 March 2025 .

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 2025

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 :-

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 24 June 2025.

Mohamed Patel

Mohamed Patel (Jun 24, 2025 12:50 GMT+1)

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 2025

I report to the trustees on my examination of the financial statements of Zubeida Charitable Trust (‘the charity') for the year ended 31 March 2025 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 (Jun 25, 2025 12:45 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 25 June 2025.

5

ZUBEIDA CHARITABLE TRUST - Statement of Financial Activities for the year ended 31 March 2025

Statement of Financial Activities for the year ended 31 March 2025

SORP
Ref
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
Net movement in funds
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward

Current year
Current year Current year Prior Year

Unrestricted
Funds
2025
£
Restricted
Funds
2025
£
Total Funds
2025
£
Total Funds
2024
£
65,243
14,342
79,585
73,590
73,590
5,995
5,995
5,995
134,204
140,199
-
-
-
11,973
11,973
(11,973)
(11,973)
(11,973)
492,149
480,176
65,243
14,342
79,585
85,563
85,563
(5,978)
(5,978)
(5,978)
626,353
620,375
68,927
14,190
83,117
69,391
69,391
13,726
13,726
13,726
612,627
626,353

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 2025

ZUBEIDA CHARITABLE TRUST - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

SORP
Ref
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
Net movement in funds
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Prior Year

Unrestricted
Funds
2024
£
68,927
14,190
83,117
57,605
57,605
25,512
25,512
25,512
108,692
134,204
Prior Year
Restricted
Funds
2024
£
-
-
-
11,786
11,786
(11,786)
(11,786)
(11,786)
503,935
492,149
Prior Year
Total Funds
2024
£
68,927
14,190
83,117
69,391
69,391
13,726
13,726
13,726
612,627
626,353

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 2025

ZUBEIDA CHARITABLE TRUST - Resources applied in the year ended 31 March 2025 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Net resources available to fund charitable activities
2025
£
(5,978)
(5,978)
2024
£
13,726
13,726

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 2025

Revenue accumulated funds

Unrestricted
Funds
2025
£
Accumulated funds brought forward
134,204
Recognised gains and losses before
transfers
5,995
140,199
Closing revenue funds
140,199
Summary of funds
Unrestricted
and
Designated funds
2025
£
Revenue accumulated funds
140,199
Total funds
140,199
Restricted
Funds
2025
£
492,149
(11,973)
480,176
480,176
Restricted
Funds
2025
£
480,176
480,176
Total
Funds
2025
£
626,353
(5,978)
620,375
620,375
Total
Funds
2025
£
620,375
620,375
Last year
Total Funds
2024
£
612,627
13,726
626,353
626,353
Last Year
Total Funds
2024
£
626,353
626,353

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 2025

ZUBEIDA CHARITABLE TRUST

Income and Expenditure Account for the year ended 31 March 2025

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
Governance costs
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
2025
£
53,460
11,783
12,000
2,342
79,585
79,585
73,163
11,500
900
85,563
(5,978)
-
(5,978)
(5,978)
2024
£
61,737
7,190
12,000
2,190
83,117
83,117
57,111
11,500
780
69,391
13,726
-
13,726
13,726

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 2025

SORP
NoteRef
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

2025
£
483,000
3,183
135,032
138,215
(840)
137,375
620,375
2024
£
494,500
6,161
126,472
132,633
(780)
131,853
626,353
2024
£
494,500
6,161
126,472
132,633
(780)
131,853
626,353
626,353

The total net assets of the charity are funded by the funds of the charity, as follows:-

Restricted funds
Restricted Revenue Funds
9
D2
480,176
Unrestricted Funds
Unrestricted Revenue Funds
9
D3
140,199
Designated Funds
Total charity funds
492,149
480,176
134,204
140,199
620,375
492,149
134,204
626,353

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.

Mohamed Patel

Mohamed Patel (Jun 24, 2025 12:50 GMT+1)

MR MOHAMED PATEL BSc MRICS

Trustee (Head)

Approved by the board of trustees on 24 June 2025.

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 2025

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 2025

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

12

ZUBEIDA CHARITABLE TRUST

Notes to the Accounts for the year ended 31 March 2025

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
2025
£
11,500
2024
£
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 2024
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
Prior Year
Cost
02 April 2023
31 March 2024
Depreciation
02 April 2023
Charge for the year
31 March 2024
Net book value
31 March 2024
01 April 2023
Land and
Buildings
£
575,000
Plant &
Machinery
£
-
Motor
Vehicles
£
-
Total
£
575,000
575,000 - - 575,000
80,500
11,500
-
-
-
-
80,500
11,500
92,000 - - 92,000
483,000 - - 483,000
494,500 - - 494,500
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

13

ZUBEIDA CHARITABLE TRUST

Notes to the Accounts for the year ended 31 March 2025

5
Debtors
Prepayments and accrued income
6
Creditors: amounts falling due within one year
Accruals
7
Income and Expenditure account summary
At 1 April 2024
Surplus after tax for the year
At 31 March 2025
2025
£
3,183
2024
£
6,161
3,183 6,161
2025
£
840
2024
£
780
840 780
2025
£
626,353
(5,978)
2024
£
612,627
13,726
620,375 626,353

8 Particulars of how particular funds are represented by assets and liabilities

At 31 March 2025
Tangible Fixed Assets
Current Assets
Current Liabilities
At 1 April 2024
Tangible Fixed Assets
Current Assets
Current Liabilities
Unrestricted
funds
£
483,000
(341,961)
(840)
Designated
funds
£
-
-
Restricted
funds
£
-
480,176
-
Total
Funds
£
483,000
138,215
(840)
140,199 - 480,176 620,375
Unrestricted
funds
£
494,500
(359,516)
(780)
Designated
funds
£
-
-
-
Restricted
funds
£
-
492,149
-
Total
Funds
£
494,500
132,633
(780)
134,204 - 492,149 626,353

14

ZUBEIDA CHARITABLE TRUST

Notes to the Accounts for the year ended 31 March 2025

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
2024
£
134,204
Movement in
funds in 2025
See Note 10
£
5,995
See Note 0
£
-
Transfers
between
funds in 2025
Funds carried
forward to
2026
£
140,199
134,204 5,995 - 140,199
-
492,149
(11,973)
-
-
-
(11,973)
492,149
492,149 (11,973) - 480,176
626,353 (5,978) - 620,375

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
2025
£
79,585
-
Expenditure
2025
£
(73,590)
(11,973)
Other
Gains &
Losses
2025
£
-
-
Movement
in funds
2025
£
5,995
(11,973)
79,585 (85,563) - (5,978)

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