2023-12-31-accounts - 13 Foundation

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Registered number CE011046 Charity Number: 1173385

13 Foundation

Report and Accounts

31 December 2023

13 Foundation Registered number CE011046 Trustees' Annual Report for the year ended 31st December 2023

The directors of the charitable company, (‘the Charity’), are its Trustees for the purposes of charity law and throughout this report are collectively referred to as the trustees. Their responsibilities include all the responsibilities of directors under the Companies Acts and of trustees under the Charities Act.

Public Benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities.

13 Foundation - the Organisation:

13 Foundation is a charitable trust governed by a constitution that was adopted on the 13th June 2017. The trustees named on the Charity Commission page have served the organisation during the last financial year.

Appointment of the trustees is governed by the constitution of the organisation. The roles and responsibilities of the Executive Trustees will be governed by the current Charities Act and the Society's 'Roles and Responsibilities' document.

Aims and Objectives

The relief of those who are in financial need or who are experiencing suffering as a result of local, national or international disaster or by reason of their social and economic circumstances amongst the communities around the world.

The aim of advancing measures to combat social and economic inequalities

The reduction in levels of poverty

The provision of relief and aid to overseas territories and famine relief

Where it operates

United Kingdom

Classification

What

GENERAL CHARITABLE PURPOSES
THE ADVANCEMENT OF HEALTH OR SAVING OF LIVES
DISABILITY
THE PREVENTION OR RELIEF OF POVERTY

13 Foundation Registered number CE011046

Trustees' Annual Report for the year ended 31st December 2023

Who

CHILDREN / YOUNG PEOPLE
ELDERLY / OLD PEOPLE
PEOPLE WITH DISABILITIES
PEOPLE OF A PARTICULAR ETHNIC OR RACIAL ORIGIN
OTHER CHARITIES OR VOLUNTARY BODIES
THE GENERAL PUBLIC / MANKIND

How

PROVIDES SERVICES
SPONSORS OR UNDERTAKES RESEARCH
OTHER CHARITABLE ACTIVITIES

Its achievements and performance, including reporting on its public benefit

13 Foundation is currenty looking at projects to adopt

A financial review including any debts

13 Foundation has no debts at present

Reserves Policy

It is the opinion of the Board of Directors, it should hold financial reserves because:

(i) It requires protection against the ability to continue operating despite a significant delay in income streams;

(ii) It requires protection should the charity lose significant income/funding or have to cease its operations and fulfil contracted obligations;

(iii) It requires protection against general business risks, fluctuations in income streams and unforeseen costs;

(iv) It may require funds to restructure or finance future growth and development. The definition of financial reserve for this purpose is the amount of unrestricted reserves not invested in fixed assets.

An annual review of reserves will be carried out in order to:

Current reserves held with current policy level
Ensure the reserves level requirement continues to be appropriate after consideration of all financial risks and current/future plans
Ensure current budgets and future financial plans remain consistent with the reserves policy.

Risk Management

The Trustees have the responsibility for implementing a managed approach to risk management.

Details of any funds held as a custodian trustee

Custodian Trustee has no funds at present at his/her disposal

13 Foundation Registered number CE011046 Trustees' Annual Report for the year ended 31st December 2023

Statement of the Directors Trustees's Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, 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 February 2016) .

In particular, the Companies Act 2006 and charity law require the Board of Trustees 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 Board is 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; and
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 the Companies Act 2006 and comply with regulations made under the Charities Act. 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.

13 Foundation Registered number CE011046 Trustees' Annual Report for the year ended 31st December 2023

In so far as the Trustees are aware

there is no relevant information of which the charitable company's independent examiner is unaware; and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the company's accountants are aware of the information.

Small Company

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Approval of this report

This report was approved by the board of trustees on 17th July 2024

IFTI IFRAHIM

Mr Iftakhar Ifrahim Director and Trustee

13 Foundation Independent Examiner's Statement, Report and Opinion

I report on the accounts of the company for the period ended 31st December 2023

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention

Basis of Independent Examiner's Report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with my examination, no material matters have come to my attention (other than that disclosed below *) which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
the accounts do not accord with such records; or

• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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

13 Foundation Independent Examiner's Statement, Report and Opinion

the accounts have not been prepared in accordance with the Charities SORP (FRS102).

I 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.

Nasir Laher

AMS Accountants SBU Ltd Accountants and Business Advisors 455 Whalley New Road Blackburn Lancashire BB 19SP 17th July 2024

13 Foundation Statement of Financial Activities for the year ended 31 December 2023

Incoming resources from generated funds Grants and donations Interest receivable Total incoming resources Resources expended Charitable activities 2 Governance costs 3 Total resources expended Net incoming/(outgoing) resources for the year Total funds brought forward at 1 January 2023 Total funds carried forward at 31 December 2023		2023 £ - - - - - - - - -		2022
				£ - -
				-
				- -
				-

				- -
				-

There are no gains or losses other than those recognised in the Statement of Financial Activities

All incoming resources and resources expended are derived from continuing activities

The notes attached on pages 9 to 11 form part of these accounts

13 Foundation Registered number: CE011046 Balance Sheet as at 31 December 2023

Notes Fixed assets Tangible assets 4 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 6 Funded by Unrestricted funds	- -		2023 £ - - - - - - -	- -		2022
						£ - -

						- -
						-
						-
						-

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

These accounts replace the original accounts.

These accounts are now the statutory accounts.

The accounts are prepared as they were at the date of the original accounts.

IFTI IFRAHIM

Iftakhar Ifrahim Director Approved by the board on 17th July 2024

13 Foundation Notes to the Accounts for the year ended 31 December 2023

1 Accounting policies

Incoming resources

Donations and grants

Income from donations and grants, including capital grants, is included in incoming resources when these are receivable except as follows:-

When donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods.

When donors impose conditions which have to be fulfilled before the charity becomes entitled to use of such income, the income is deferred and not included in incoming resources until the preconditions for use have been met.

When donors specify that donations and grants, including capital gains, are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.

Interest receivable

Interest is included when receivable by the charity.

Expenditure

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributed to one of the functional categories of resources expended in the SOFA.

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% reducing balance

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors

Creditors and provision are measured and accounted for in accordance with usually accepted accruals principles.

Taxation

As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applied towards the charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

13 Foundation

Notes to the Accounts

for the year ended 31 December 2023

2 Charitable activities Employee costs: Travel and subsistence General administrative expenses: Stationery and printing Bank charges Insurance Depreciation Functions and catering Donations Legal and professional costs: Advertising and PR Other legal and professional Total 3 Governance Accountancy 4 Tangible fixed assets Cost At 1 January 2023 At 31 December 2023 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022		2023 £ - - - - - - - - - - - - - 2023 £ - -		2022 £ -
				-
				- - - - - -
				-
				- -
				-

				-
				2022 £ -
				-
			Plant and machinery etc £ -
			-
			- -
			-
			-
			-

13 Foundation Notes to the Accounts for the year ended 31 December 2023

3 Creditors: amounts falling due within one year Other creditors 6 Creditors: amounts falling due after one year Directors Loans	2023 £ - 2023 £ -	2022 £ -
		2022 £ -

7 Other information

13 Foundation is a private company limited by shares and incorporated in England. Its registered office is: KIngs Mill Dewsbury West Yorkshire WF12 9AN