REGISTERED CHARITY NUMBER: 1174299 Report of tke Trnstegs Dd Unaudited Finamcial S¢atemtnts for the Year Ended 31 August 2021 for cre#n Foundatio chart¥ Accountsnts and Blts5 Advis¢)rs Regency House 33 Wood Street Barn H¢rtforilshire EN5 4BE
Creamg Foulld8tio CoDtellts of tke Fill#kneial Statettllts for tht Year End¢d 31 ADgJst 2021 P8ge Report of the Trugtees IDdependenl Ex8miTrePs Report Stt¢ment of FlnADcts] Activities Blan£e Sheel to the Financial Stxtemtnts Detailed Ststtmtnt of F&tt•nei*l Activities
Creazns Foundativ Report of the Trustees tor the YeAr Ett4led 31 August 2tr21 The trustees preseztt theÉr report witb the fiDaDcJh] staterncnts of the for the year ended 31 August 2021. Th¢ trustees have adopted the provisions of Accounttng and ReportiDg by Clarities.. Stat¢ll of RecotnIllett Prdctice applicable to charili£s pr¢pariDg their accouDts iu accordaoce Trith the FInala1 kie[1 StaTMlard applicable in the UK at)d Republic of It¢hand (FRS 102) (effve l JamMy2019). GoverniDg The chatity TS contnillal by its governÉng iknmw a deed of In alkl u)rnttbrtes an un1nLW cknity. REFERENCE AM) ADMINISlliATIV£ DETAIiS Rtgistered Chrity RumbeF 1174299 PrAnclpal at1dres8 2od Floor Roding House 2 Cabridge Road Barkirtg IGII 8NL Trnstees B Aqil Ttwstee O Haque Trustee J Sarwar Tntstee IDdependent EymiDer gency House 33 Wood Street Barnet Henfordshire EN5 4BE Approved by ordcr ofthe bd of tnL4ttS tsn....... ..... ...... ...................... aTMI si9a1)n its bchalfty. O Haque- TO
Independent Examins ReTM)rt to the Trustees of Crtsms Foundation Indendent exarniner's rtpthrt to the trnstees of Crtaths Ftsuud8ti• I report to the charity tnLSttts on my ex#minion of the accounts of Creams Fothtion (the Tn]st) for the year ended 31 August 2021. Responsibiliti£8 &nd b85is of r¢port As ihe charity trnstees of the Tnjst you ar¢ r¢5poA%ible for the preparation of the xcounts in aordanCe the requiTUnts of the Charities Act 2011 {'the Ace). I report in respwt of my examinatton of th¢ Tnlses accowits carrt¢d out under section 145 of the Ac¢ aTwJ in catrying out my examination I have followed all applicable DirtctiOTL5 given by the Charity Commission und¢r 5ertion 14515Mb) of th¢ Act. Independent exmin¢r's statement I have completed my exaTnillation. I nfim] that no material matws have lo tny attention in conJK¢uon with the examination giving me U$¢ to belieye that in any material resp¢eL accounting re¢(ts we not kept in rwect of the TrsE &$ Tequired by section 130 ofthe Ae¢ or the ac£ounts do accord with those records: or the do not Comply wth the appliLable requirements concerning the forn) 2nd content of accour%ts set out in the Clwities (Accounts and Rey)rts) Regul10 2(K>8 other than any requirement that the arwutts give a ije and fasr vi¢w thich i5 not a matttr consid¢r¢d as part of an Independent examination. I have no conccrns and have come a¢ross no rts mattcr5 in cOTu¢t10ll th¢ exornination to whhch atkntion should be drawn Én this rewrt in order to enable a proper W8ndIng of the acCMts to be reached. FCCA Cam¥rights Chartered Acntants atxl Advisors Regency House 33 Wood Sts%et Bamet Hertfordshire EN5 4BE Date..
Crt8nu Foundation Ststemellt of Activities for th• Year Ended 31 Augll5t 2021 511 Totsl nds UDre5trkted Re5tTiCted fuud fuud Totxl funds No¢es INCOllfE AND ENDOWMENfs FROM Dondti()rt$ and lega¢i¢s 13564 104.379 117.943 lQ829 EXPENDITURE ON Rai5jrtg fisnd5 461 461 1,679 Charitable activitie5 Orphans In Need Forgott¢n Wom¢n Sharing Wortdets Ethar Reli¢f Kort- Helptsw orphatts prosper througlt education Charity Right for Sudan Arnanah 25.200 25.200 (5.000) 13.000 9,708 40,200 45.400 39.000 10,000 io,o(M) Totsl S,661 79.400 85,061 58,387 NET llYCOMEI(EXPEI¥IDITURE) 7.903 24.979 32,882 {41.558) RECONCILIATION OF FUI¥DS Totxl funds brought forw*Td 15,OIKI 15.000 56,558 TOTAL FUNDS CARRIED FORWARD 22,903 24,979 47,882 15,000 Tr notes forni part of these finm¢ial statrnjents
Creaw Foundtlott Blallee SIKet 31 Allgttst 2021 3118ff21 Tot•1 3118120 Tot81 fuDd$ N•te8 C&sh at battk 22W3 24979 47,882 15.000 22.SY13 24.979 47,882 15.000 LIABILTnES 21J3 24,979 47. 15,000 NET ErS 2213 24.979 47.882 15.0(X) Uorestri¢trd fuu(b 22.9)3 24,979 15,0(M) 47.882 15.0(X) The financial statements were appToYed by the Board of TA 8TrJ #thri1 for issue on .. and were SI*d on ity behalf br. O Haque- TnLStee
CreaJNg Found8txo otrs to the Floanell Sttements for the Year Ended 31 Aut( 2021 ACCOUNTING POLICI&S Ba515 of pr<ring tht Ilmanclal stat¢¢ts The fiJ&tscial ststrments of the rhariry, s%thich is a public benefit entiry under FRS 101 have been prepared in accordance with the Charities SORP (FRS 102) 'Accouniing and Rqw)rting by Charities: Statement of Re¢ommended Practice applicable to charities preparing their accounts in accordan¢£ ryth the Financial Reporting Standatd applicable in th¢ UK aTJd Republic of Ireland (FRS 102) (effective l January 2019)., Financial Rwrting Standard 102 The Financial RerK>ning Stsndard applicable in the UK and Republi¢ of Ir¢iand' and the Charities Ad 2011. The financi stateFnents have been prepared under the h]"stori¢ai cost cention. Incorn¢ Ail Éncome is re¢OlISed in the 5tE[n¢T]1 of Financtal Activiti¢s once the charity has entitlcnwit thc fids. it 1$ probable that the itKome will be receÉved and the amount can be measured reliabty. Expendiknre Liabilities ar¢ reCOlS &$ cxpcndith as s)on there is a Iwl ¢x ConstruVe obligation comnytting the charity to thRt exp¢nd]tLC, it is probable that a trpn5fer of economic benefits will br r4uited in setttem&rt and the amount of the oblL8aiion can be rnea5ud reli8bly. Exi>enditi]re is a¢¢ounted for on an accruals basis and has been classified under headirtgs thai aggrewe all cost relatrd to the tegOry. Where costs (annot b¢ dtrertly attributed to rArticular h¢adin85 they h&Y¢ been allocated to activitits On V4 basis with the us¢ of resow¢es. Gralts offered subject to COTmliti05 whtch Iwe t)¢X been met atthe year date are nota a commktment but noi a¢¢nd as expenditure. Txtlon The ¢harity ts exempt from tsx OD its ch¥itable activitie5. Fond a¢¢ounting Utjrestricted fimds Ee used in a¢cordanc¢ with th¢ ¢haritsble objeS at the discretion of the trttdees. Restyed fund5 can onty be used for particutar restrict Purpo within the objects of the charity. Restrictions arise when specified by the dorK)r or Hhcn fimds are rais&l for partieuiar restric*d purp)ses. Fwth¢r explanation of the nattwe and purpose of each fvr¥J is included in the notes to thc financial 51atcn. TRUSTEES, REMUNERATION AND BENEFTrs Thtt¢ were no tr1te¢s. run¢10 or oth¢r bfits for the year ended 31 August 2021 n(K for the year ended 31 AUtst 2020. Thve were no trustees, ¢XP¢EWS paid fv the yetr ended 31 Aiigust 2021 EW for the year end 3 1 August 2020. continued...
Cream5 FOndatIO Notes to the Financial StatemeDts- cDtstimued for the Year Eaded 31 August 2021 COMPARATIVES FOR THE STATEMEwf OF FINANCIAL ACTivmES Unrestrittsd nd Restrict¢4 fund Total ds INCOME AND EP4DOWMEpifs FROM Donations and l¢g¥cie5 16.829 16.829 EXPENDTfuRE ON RaL5ing fvDds 1,679 1,679 Charitsble ai¢tiwities Forgotten Woma) Sharing Wonde Eth Reljef Kort- Helping orpha% prosper thrthh (5.000) 13.000 9,708 {5.000) 13,000 9.708 39.000 39.000 Total 1.679 56.708 58.387 NET INCOMEI(EXPE]¥DITURE) 15.150 (56.708) {41.558) Tran$f¢n bttsveen {1.212) 1,212 Net movement in fud5 13.938 {55.496) 141,558) RECONCELIATION OF FUNDS Total funds brought forward 1.062 55,496 56.558 TOTAL FUNDS CARRIED FORWARD 15.000 15.000 MOVE.MENf IN FUNDS Net At 31ll1 At 119r20 ID funds Unrestricted hnds General fid 1 S.(KM) 7.3 22.903 Restricted funds 24.979 24,979 15.0 32.882 47,882
Creall Foundgtio Notrs to th¢ FiD#ncial StateweDts- COtiDed for the Year EDded 31 Anyst 2021 MOVEMENf IN FUNDS. cootinued Net movement in included in th)v¢ as follows: Ineoming resourtts Resollyees exptnded Movtment Unrestsicted funds General fiLTrd 13.564 (5.661) 7,903 Rutri¢t¢d fbwds Zakat 104.379 (79.4¢X>) 24,979 117.943 {85.061) 31882 Compgrntiyes for moveme1 fvnds Net Trallsfe mov¢nlI between funds At 310 At 119119 Unrestricted General fvnd 15.150 (1,212) 15.0 Restriotsd fllllds 55.496 (56,708) 1,212 56558 (41,558) 15.000 Comparaiive rtet movement in fund% inGludcd in the alw)ve arc as folloms: In¢0m1 R¢Srr£S Movem¢nt resollrces ¢ipeDded ill funds lInrtr1rted Genera] fund 1&829 (1.679) 15.150 Restricted funds (56.708) (56,708) TOTAL FUf4DS 16,829 158J87) {41,558) coniinued...
Cregms Foondxtio Note5 to th¢ Financiil Stattments- eoDtiDued for tht Ytar Ended 31 Augtt¥t 2021 MOTrTMEKf IN FUNDS- eoutinued A CWTent year 12 months and prioryear 12 nM)nths wmbitKd Fw)sÉtion is as follows: r4et oveThemt fuads Transfers betwee ds At 31Mnl At 119119 Unrestricttd funds G¢n¢rai fund 1,062 23.053 {E.2121 22.903 Restricted (ndS 55,496 (31,729) 1.212 24.979 56.558 (8,676) 47,882 A current year 12 m(xth 2nd prior yr 12 Th)rtths ¢ombined net movement in fimd& irt¢lud¢d in the above are as folloTh3'. tncominz Regourtes txpended Movement futids Unrestricted fvnds Geller fiu 30J93 (7J40) 23,OS3 Restricted funds Zakat 104J79 (136.108) (31.729) TOTAL FUNDS 134,772 (143.448) (8,676) RELATED PARTY DISCLOSURES During the y. the charity re¢¢iv4>J £75,876 frorn cr£ Fran¢hising LiThited and zoo Ltmited. The trustees Mr B Aqil 8nd Mr J S8nv8r arc drt0[5 of Creams Frdnchisin8 Limited and ZrneX Limited. The eomparty a]so received donations of £2i.000 from Verit&s Point Lirnit>L a company of whith Mr J San is a dire(or. Nfr J Sarwar donad £3.502 and Mr B Aqil donjted £1 1.000 duritrg the y¢ar as Mrll. Mr O Haqu¢'5 wife and dau8hter a150 d(wtrd £1.300 during th¢ year.
crea% Foundation Detalled Ststement of Fin¥n¢ial Ac¢fvStle8 for the Year Endtd 31 August 21121 3118lll 3118no INCOMK AND ENDOVIMENTS Do#ations legacies Donations 117,943 16,8?9 Total ineoming resourcts 117,943 16.829 EXPEiYDrruRE Ralsftsg donations leggci¢J Website costs Volunteers, oveYse&8 travel 741 938 461 1.679 Chxritsblt #¢tiwttie5 Grants to instittllions 84,600 56.708 Total resourGes exnded 85,(kn1 58,387 Net illcomel{¢ip¢tydlture) 32.882 (41,558) Thts pag¢ does not form part of the staturory financial statemtnts