Regsitered Number 1177711 Kayeff Foundation Accounts 30 April 2022
Kayeff Foundation LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
K. Z. Fazil A F Fazil S Fazil Z Abbas
Charity numbe r 1177711
Principal address
Grove Corner Royston Grove Pinner Middlesex HA5 4HD
Accountants
A H JEEWAJEE & CO.
92 Betham Road Greenford Middlesex UB6 8SA
1
Kayeff Foundation Registered number: 1177711 Trustees' Report
The Trustees of the charity present their report with the financial statements of the charity for the year ended 30 April 2022. The Trustees confirm that they have referred to the General Guidance issued by the Charity Commission when reviewing and planning the charity's aims and objectives.
Mrs S. Fazil, a trustee, gifted another property to the Trust in the year to 30 April 2022.
Trustees
The following persons served as Trustees during the year:
K. Z. Fazil A F Fazil S Fazil Z Abbas
This report was approved by the Board of Trustees on 5 July 2022 and signed on its behalf by.
Ms. K. Z Fazil Trustee
2
Kayeff Foundation Accountants' Report for the year ended 30 April 2022
Accountants' report to the trusteess of Kayeff Foundation
In accordance with your instructions, we have prepared the accounts of the charity for the year ended 30 April 2022, which comprise the Profit and Loss Account and Balance Sheet from the accounting records of the charity and on the basis of information and explanations you have given to us
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
A. H. JEEWAJEE & CO.
92 Betham Road Greenford Middlesex UB6 8SA
05 July 2022
3
Kayeff Foundation Profit and Loss Account for the year ended 30 April 2022
| Receipts Other income Expenditure on charitable activities Gross profit Other charges Surplus for the year Surplus for the year transferred to unrestricted funds |
2022 £ 23,263 6,317 (18,000) 11,580 (8,355) 3,225 3,225 |
2021 £ 38,071 6,306 (1,388) 42,989 (350) 42,639 42,639 |
|---|---|---|
4
Kayeff Foundation Registered number: 1177711 Balance Sheet as at 30 April 2022
| Fixed assets Current assets Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Net assets Funds |
2022 £ 424,809 58,607 (375) 58,232 483,041 483,041 483,041 |
2021 £ 421,953 51,751 (980) 50,771 472,724 472,724 472,724 |
|---|---|---|
The financial statements were approved by the Trustees and authorised for issue on 5 July 2022 and are signed on their behalf by:
Ms K Z Fazil Trustee
5
Kayeff Foundation Notes to the Accounts for the year ended 30 April 2022
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Leasehold land and buildings
over 50 years over the lease term
2 Tangible fixed assets
| Cost At 1 May 2021 Additions At 30 April 2022 Depreciation At 1 May 2021 Charge for the year At 30 April 2022 Net book value At 30 April 2022 At 30 April 2021 |
Land and buildings £ 421,953 2,856 424,809 - - - 424,809 421,953 |
Plant and machinery etc £ - - - |
Total £ 421,953 2,856 424,809 - - - 424,809 421,953 |
|---|---|---|---|
The asset is a leasehold residential property which was donated by Mrs Sabah Fazil, a trustee of Kayeff Foundation.
6
Kayeff Foundation Detailed profit and loss account items for the year ended 30 April 2022
This schedule does not form part of the statutory accounts and should NOT be sent to HMRC
| Receipts Donations received in this period Rental Income received Other income Tax refund claimed from HMRC Expenditure on charitable activities Charitable activities Other charges Premises costs: Rent Service charges General administrative expenses: Repairs and maintenance Legal and professional costs: Accountancy fees |
2022 £ 4,435 18,828 23,263 6,317 18,000 300 3,948 4,248 3,732 3,732 375 375 8,355 |
2021 £ 25,225 12,846 38,071 6,306 1,388 - - - - - 350 350 350 |
|---|---|---|
7
Kayeff Foundation Detailed balance sheet items as at 30 April 2022
This schedule does not form part of the statutory accounts and should NOT be sent to HMRC
| Fixed assets Land and buildings Current assets Other debtors Cash at bank and in hand Total current Assets Creditors: amounts falling due within one year Other creditors Net assets Reserves Net assets Funds Net Current Assets Brought forward Unrestricted funds |
2022 £ 424,809 14,438 44,169 58,607 375 58,232 429,045 53,996 483,041 50,771 3,225 53,996 |
2021 £ 421,953 7,346 44,405 51,751 980 50,771 421,953 50,771 472,724 8,132 42,639 50,771 |
|---|---|---|
8
Kayeff Foundation
Detailed rental income & expenses account
for the year ended 30 April 2022
This schedule does not form part of the statutory accounts and should NOT be sent to HMRC
| RENTS RECEIVABLE (13 months) LESS EXPENSES Council Tax & Ground rent Rental Commission Service charges Insurance Sundry expenses Replacement of domestic items Repairs Net Income (Loss) |
£ £ 18,828 300 3,948 329 3,732 8,309 £ 10,519 |
|---|---|
9