2024-03-31-accounts - Firdous Foundation

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Charity Number: 1175024

FIRDOUS FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2024

FIRDOUS FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Idris Mussa Bapu (Chair) Habib Patel Sajid Patel Badrealam Patel Charity Number: 1175024 Contact Address P O B OX 1 9 0 The Courtyard Calvin Street Bolton BL1 9AQ Independent examiners Lookman Divelli ACMA CGMA Pure Accountancy & Consultancy Services Ltd Association of Chartered Management Accountants 73 Junction Road Bolton BL3 4NF Bankers Natwest Bank plc 19 Market Street Manchester M1 1WR

FIRDOUS FOUNDATION

Page Trustees’ report 1 Independent examiners’ report to the trustees 2 Statement of financial activities 3 Balance sheet 4 Notes to the financial statements 5 – 8

FIRDOUS FOUNDATION

FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their financial statements of the charity for the 12 months to the year ended 31[st] of March 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 6 and comply with the charity’s trust deed and applicable law.

Statement of the Trustees’ Financial Responsibilities

The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations.

The trustees are required to prepare financial statements for each financial period in accordance with Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of Firdous Foundation and of its incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees should follow best practice and:

Select suitable accounting policies and apply these consistently
Make judgements and estimates that are reasonable and prudent
Prepare the financial statements on a going concern basis unless it is inappropriate to assume that Firdous Foundation will continue their activities.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure the financial statements comply with the applicable law, regulations and the trust deed. 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.

On behalf of the Board of Trustees

Idris Mussa Bapu (Chair)

DATE: 1st February 2025

FIRDOUS FOUNDATION

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31[st] MARCH 2024

I report on the accounts of the Trust for 12 months up to the year ended 31[st] March 2024, which are set out on pages 3 to 8.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed by a qualified person falling under the section 145(4).

It is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the General Directions given by the Charity Commissioner under section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.

Basis of independent examiners’ report

My examination has been carried out in accordance with the General Directions given by the Charity Commissioner. 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 the seeking of explanations from you as 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 examiners’ statement

In connection with my examination, no matter has come to my attention:

which gives me reasonable cause to believe that, in any material respect, the requirements:
(a) to keep accounting records in accordance with section 130 of the 2011 Act; and (b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

DATE:1[st] February 2025

73 JUNCTION ROAD Bolton BL3 4NF

PURE ACCOUNTANCY & CONSULTANCY SERVICES LTD LOOKMAN DIVELLI ACMA CGMA ASSOCIATION OF CHARTERED MANAGEMENT ACCOUNTANTS

FIRDOUS FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[st] MARCH 2024

		Unrestricted	Restricted	Total	Total
	Notes	Funds	Funds	2024	2023
Incoming Resources		£	£	£	£
Charitable Activities Income	2	182,550	-	182,550	174,473
Other Income		-	-	-	-
Total Incoming Resources		182,550	-	182,550	174,473
Resources Expended
Cost of Generating Funds Charitable
Activities	3	182,525	-	182,525	174,453
Management and Administration	4	4	-	4	29
Total Resources Expended		182,529	-	182,529	174,482
Net (expenditure)/income for the year		21	-	21	(9)
Transfers between funds		-	-	-	-
Net movements in Funds		21	-	21	(9)
Total Funds Brought Forward		0	-	0	9
Total Funds Carried Forward		21	-	21	0

The notes on pages 5 to 8 form part of these accounts.

FIRDOUS FOUNDATION

BALANCE SHEET

FOR THE YEAR ENDED 31[st] MARCH 2024

Notes FIXED ASSETS Tangible Assets 5 CURRENT ASSETS Debtors Cash at Bank and in hand 6 CURRENT LIABILITIES Creditors: Amounts falling due within one year 7 Net Current Assets NET ASSETS FUNDS Unrestricted Funds 8	£ 0 21 21 (0)	2024 £ 0 21 21 -	£ 0 0 0 (0)	2023 £ 0 0
				0

				9

Approved by the Board of Trustees and signed on their behalf by:

Idris Mussa Bapu Trustee

DATE: 1[st] February 2025

The notes on pages 5 to 8 form part of these accounts.

NOTES TO THE FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[st] MARCH 2024

FIRDOUS FOUNDATION

1 ACCOUNTING POLICIES

1.1 Basis of accounting

The financial statements are prepared in accordance with applicable accounting standards using the historical cost convention.

The financial statements reflect the requirements of the Statements of Recommended Practice and ‘Reporting and Accounting by Charities’ issued in October 2005.

1.2 Fund Accounting

Unrestricted Funds are funds which are available for the use of discretion of the Trustees in furtherance of the general objectives of the charity and have not been put aside for other purposes.

Restricted Funds are funds which are to be used in accordance with specific restrictions which have been raised by the charity for a specific purpose. The cost of raising and administering such funds are charged against the specific fund.

1.3 Incoming resources

Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included.

1.4 Resources expended

Resources expended is accounted for on an accrual basis and recognised in the period in which they are incurred. Resources expended include attributable VAT, which cannot be recovered.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.

Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

1.5 Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Freehold Land - None Freehold Building - None Fixtures & Fittings - 10% Straight line basis

Properties are included in the balance sheet at cost.

1.6 Tangible fixed assets and depreciation

None of the charity’s functional fixed assets have been revalued during the year.

FIRDOUS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONT …) FOR THE YEAR ENDED 31[st] MARCH 2024

2 CHARITABLE ACTIVITIES INCOME Donations 3 Costs of Charitable Activities Charitable Project & Activities Costs Wages & PAYE 4 MANAGEMENT AND ADMINISTRATION Legal & Professional Bank Charges Sundry expenses	Unrestricted Funds £ 182,550	2024 £ 182,550 2024 £ 182,525 0 182,525 2024 £ 0 4 0 4	2023 £ 174,473
			2023 £ 174,453 0 174,453
			2023 £ 0 29 0 29

FIRDOUS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONT …) FOR THE YEAR ENDED 31[st] MARCH 2024

5 TANGIBLE FIXED ASSETS COST At 1st April 2023 Additions Disposals At 31st March 2024 DEPRECIATION At 1st April 2023 Charge for the period Disposed in the period At 31st March 2024 NET BOOK VALUES At 1st April 2023 At 31st March 2024 6 CURRENT ASSETS Cash at Bank Cash in Hand 7 CURRENT LIABILITIES Accruals Loans	Property £ - - - - - - - - - -	Fixtures & Fittings £ - - - - - - - - - - 2024 £ - 0 0 2024 £ 0 0 0	Total £ - - -
			-
			- - -
			-
			-
			-
			2023 £ 9 0 9
			2023 £ 0 0 0

FIRDOUS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONT …) FOR THE YEAR ENDED 31[st] MARCH 2024

8 UNRESTRICTED FUNDS Unrestricted fund	31st Mar 23 £ 0	Incoming £ 182,550	Outgoings £ (182,529)	Transfers £ -	31st Mar 24 £
					21

The trustees are free to use unrestricted funds in accordance with the charitable objectives.