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2023-03-31-accounts

Registered Charity number 1173312

GALBUR FOUNDATION

Report and Accounts

31 March 2023

1

GALBUR FOUNDATION Report and accounts Contents

Page
Company information 1
Directors' report 3
Profit and loss account 4
Balance sheet 5

2

GALBUR FOUNDATION Charity Information

The charity is presenting its financial report for the period from 1 April 2022 to 31 March 2023

Trustees

Mr Dahir Ibrahim - Chair Mr Abdiasis Abdi - Treasurer Mr Abdiqani Ahmed -Trustee Mr Shangeel Ibrahim -Trustee

Accountants

E & A Accountants 228A Seven Sisters Road Holloway London N4 3NX

Bankers

Barclays

Registered office

34 WINCHELSEA ROAD LONDON NW10 8UW

Registered Charity Number

1173312

3

Galbur Foundation Profit and Loss Account for the year ended 31 March 2023

Note
s
Incoming Resources
2
Total
Expenses
Charitable & Legal Activities
3
Governance fees
3.1
Surplus /(deficit) for the period
Surplus /(deficit) brought forward
Funds as at 31 March 2023
Unrestricte
d
Restricte
d
2023
2022
£
£
£
£
Total
Total
41,070
4,033
45,103
28,303
41,070
4,033
45,103
28,303
(44,407)
(34,507)
-
-
696
(6,204)
15,276
21,480
-
-
15,972
15,276

4

Galbur Foundation Balance Sheet as at 31 March 2023

Notes
Current assets
Cash at bank and in hand
Net current assets
Total assets less current
liabilities
Net assets
Funds
Profit and loss account
19
Charity funds
15,972 2023
£


15,972
15,972
15,972
15,972
15,972
15,276 2022
£


15,276
15,972 15,276
15,276
15,276
15,276
15,276

The statement of financial activities as set out on page 4 for the financial year ending 31 March 2023, and the statement of the assets and liabilities as set out on this page are as approved by the trustees on 14 December 2022.

Dahir

--------------------------Chair Dahir Ibrahim

5

Galbur Foundation Detailed profit and loss account for the year ended 31 March 2023

Gifts & Donations
Islington Council
Islington Council (LIF)
Cripplegate Foundation
Members funding
Donations
Total
2022
2022
2023
£
£
£
Unrestricted
Restricted
Total
21,270
0
2,600
2,600
9,700
9,700
1,500
1,500
10,033
0
10,033
35,070
45,103
2022
£
Total
28,303
28,303

6

Galbur Foundation Detailed profit and loss account for the year ended 31 March 2023

3
Direct Charitable expenses
Administrative expenses
Employee costs:
Staff & volunteer costs
Travel and subsistence
Refreshment
Premises costs:
Rent & hiring studio
General administrative expenses:
Camping and youth services
Stationery, printing & admin
Education assistant
Outreach, Workshop & training
Counselling
Total charitable Expenses
3.1
Governance fees
Audit fees
Accountancy fees
Total Expenses
2,022
2,022
2023
£
£
£
Restricted
Unrestricted
Total
2,600
1,320
3,920
-
600
600
-
2,480
2,480
2,600
4,400
7,000
6,420
6,420
6,420
-
6,420
1,500
1,500
-
1,030
1,030
7,807
7,807
12,670
12,670
7,980
7,980
29,957
1,030
30,987
-
-
-
38,977
5,430
44,407

7