The
DURUNIC
CHARITY COMMISSION
FOR ENGLAND AND WALES
FourtdUlon
Trustees, annual report {including Directors, report) for the period
From: Period start date 0110212020
To: Period end date 3110112021
Charity name:
DURONIC FOUNDATION LIMITED
Charlty registration number:
1177860
Company number:
09939647
Ob'ectives and actlvities
SORP reference
Summary of the purposes of the
charity as set out in its governing
document
Para 1.17
The purpose of the charity is the prevention and
relief of poverty in the UK and the overseas.
Main activities of the trusl are
1. Supporting and funding emergencies
2. Building homes for p¢)or people in third wodd
countries
3. Providing medical care for people in third world
country
4. Providing educational support to poor people
5. Feeding the homeless
Summary of the main activities in
relation lo those purposes for the
public benefit, in particular, the
aclivilies, projects or services
identified in the accounts.
Para 1.17and 1.19
Statement confiming whether the
trustees have had regard to the
guidance issued by Ihe Charity
Commission on public benefit
The trust confirms that the trustees have had
Regard to the guidance issued by the Charity
Commission on public benefit.
Para 1.18
Additional information (optional)
You ma
choose to include further statements where relevant about-
SORP reference
Policy on grant making
Para 1.38
Policy on social investment
including program related
investment
Para 1.38
Contribution made by
volunteers
Para 1.38
Charity name..
Charity rgglslratign numb*r'.
Company number..
DURONIC FOUNDATION LIMITED
1177860
09939647
Achievements and performance
Duronic Foundation have supported 15 orphanages school
and have supported education for six children from poor
background,
Summary oflhe main
achievements of the charity,
identifying the differen the
charity's work has made lo
the circumstances of its
beneficiaries and any wider
benefits lo society as a whole.
The Foundation have supported 80 families with food. 240
families wilh clothing and organised an eye camp that
resulted in 28 operations and full medication for 12
individuals.
Para 1.20
The Foundation have also build and repair 55 shelters for
poor people and built 4 tube wells to provide water for local
community.
Additional information (optional)
You ma
choose to include further statements where relevant about..
Achievements against objeclives
set
Para 1.41
Performancé of fundraising
activities against objectives sel
Para 1.41
Investment performance againsl
objectives
Par8 1.41
Other
Charlty namo..
Charity registration nuMr=
Company number:
DURONIC FOUNDATION LIMITED
1177860
09939647
Financial review
Review of the charity's financial
position at the end of the period
Para 1.21
There are enough funds to carry on
Slalement explaining the policy for
holding reserves stating why they
are held
Para 1.22
The reserves ar8 held so that the ongoing projects
can be funded.
Amount of reserves held
Para 1.22
£1,480
Reasons for holding zero reserves
Para 1.22
NIA
Details of fund materially in deficit
Paia 1.24
NIA
Explanation of any uncertainties
about the charity continuing as a
going concern
Para 1.23
NIA
Additional information {optionall
You ma
choose lo include further statements where relevant aboul..
The charity's principal sources of
funds (including any fundraising)
Para 1.47
Investment policy and objectives
including any social investment
policy adopted
Para 1.46
A description of the principal risks
facing the charily
Para 1.46
Other
Charlty name-
Chzrity registration number.
Company number:
DURONIC FOUNDATION LIMITED
1177860
09939647
Structure, governance and management
Description of Charity's Irusls..
Type of governing document.. for
example, trust deed,
memorandum and articles of
association etc
Para 1.25
Trust Deed
How is the charity constituted?
for example limited company,
unincorporated association, CIO
Para 1.25
cio
Trustee selection methods
including details of any
constitutional provisions e.g.
election lo post or name of any
person or body entitled to appoint
one or more trustees
Para 1.25
Appointed by General Meeting of Trust
Additional information (optional)
You ma choose lo include further statements where relevant about..
Policies and prOdureS adopted
for the induclion and training of
trustees
Para 1.51
The charity's organisational
structur8 and any wider network
with which the charily works
Para 1.51
Relationship with any related
parties
Para 1.51
Other
Charlty namo..
Charlty reglstratSon number-.
ompany number..
DURONIC FOUNDATION LIMITED
1177860
09939647
Reference and administrative details
Chari
name
Other name the chari
uses
istered charit
number
Charit
rinci
al address
DURONIC FOUNDATION LIMITED
1177860
1AS
ilsb Road, Romford, Essex RM8 8SB
Names of the charity trustees who manage the charity
Trustee name
Office Ilf any)
Dates acted Sf not for
whole
ar
Name of person lor bodyl entltled lo
oint trustee
Ifan
Mohamrlled Sajid
Ali Menon
Shamirn Uddin
Muhammad Islam
Manjurul
10
12
13
14
15
16
17
18
19
20
Cor
orale trustees - names of the directors at the dale the re
Directgr name
ortwasa
roved
Name of trustees holdin
Trustee name
tille to
ro
ert belon
in
lo the charit
Dates acted If not for whole
Charlty name:
Charity reglstration number..
Company number:
DURONIC FOUNDATION LIMITED
1177860
09939647
Funds held as custodian trustees on behalf of others
Description of the assets held in
this capacity
NIA
Name and objects of the charily
on whose behalf the assets are
held and how this falls within
the custodian ¢harily's objects
NIA
Details of arrangements for safe
ustody and segregation of
such assets from the Charity's
own assets
NIA
Additional informatlon (optional)
Names and addresses of advisers (optional informatlon)
e of adviser
Name
Address
Name of chief executive or names of senior staff members {optional information)
Exemptions from disclosure
Reason for non-disclosure of ke
ersonnel details
Other o
tional information
Charlty name:
Charity registration numbèr-
Company number:
DURONIC FOUNDATION LIMITED
1177860
09939647
Declarations
The company has taken advantage of the small companies. exemption in preparing Ihe
rgport above.
The Irustees declare that they have approved the trustees, report (including directors.
report) above.
Slgned on behalf of the ¢harity'$ tru5teesldirectors
Signature(s}
Full namelsl
Mohammed Sajid
Ali Menon
Shamim Uddin
Position (for
example Secretary,
Chair, etc)
DIRECTOR
TRUSTEE
Date
%". 2L-i 11
0s]ogJ2ts'11
DURONIC FOUNDATION LIMITED Charity No 1177860 Company No Annual accounts for the period Period end Period start date **To 2/1/2019** date **1/31/2020**
## **Section A Statement of financial activities (including summary income and expenditure account)**
|**Section A Statement of fnancial activities (including summary**
**income and expenditure account)**|**Section A Statement of fnancial activities (including summary**
**income and expenditure account)**|**Section A Statement of fnancial activities (including summary**
**income and expenditure account)**|**Section A Statement of fnancial activities (including summary**
**income and expenditure account)**|**Section A Statement of fnancial activities (including summary**
**income and expenditure account)**|**Section A Statement of fnancial activities (including summary**
**income and expenditure account)**|
|---|---|---|---|---|---|
|**Recommended categories by activity**
Guidance Note
**Total funds**
**£**
**£**
**£**
**£**
**£**
**Income (Note 3)**
F01
F02
F03
F04
F05
**Income and endowments from:**
Donations and legacies
S01
25,574 - - 25,574 32,575
Charitable activities
S02 - - - - -
Other trading activities
S03 - - - - -
Investments
S04 - - - - -
Separate material item of income
S05 - - - - -
Other
S06 - - - - -
**_Total_**
S07
25,574 - - 25,574 32,575
**Expenditure (Notes 6)**
**Expenditure on:**
Raising funds
S08 - - - - -
Charitable activities
S09
58,000 - - 58,000 2,000
Separate material expense item
S10
Other
S11
560 - - 560 557
**_Total_**
S12
58,560 - - 58,560 2,557
S13 - 32,986 - - - 32,986 30,018
Tax payable
S14
- - - - -
S15 - 32,986 - - - 32,986 30,018
S16
- - - - -
**Net income/(expenditure)**
S17 - 32,986 - - - 32,986 30,018
**Extraordinary items**
S18 - - - -
**Transfers between funds**
S19 - - - - -
S20 - - - - -
Other gains/(losses)
S21 - - - - -
**_Net movement in funds_**
S22 - 32,986 - - - 32,986 30,018
Total funds brought forward
S23 - - - 34,466 4,448
**_Total funds carried forward_**
S24 - 32,986 - - 1,480 34,466
**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**
**Net income/(expenditure) before tax**
**for the reporting period**
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
Net gains/(losses) on
investments
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fxed assets for the
charity’s own use
**_Reconciliation of_**
**_funds:_**||||||
||-|-|-|-|-|
||-|-|-|-|-|
||- 32,986|-|-|- 32,986|30,018|
|||||||
||-|-|-|34,466|4,448|
||- 32,986|-|-|1,480|34,466|
Charity Name
Charity No Company No
## **Section B Balance sheet**
|Guidance Note
**£**
**£**
**£**
**£**
**£**
**Fixed assets**
F01
F02
F03
F04
F05
**Intangible assets (Note 15)**
B01
- - - - -
**Tangible assets (Note 14)**
B02
- - - - -
**Heritage assets (Note 16)**
B03
- - - - -
**Investments (Note 17)**
B04
- - -
**_Total fxed assets_**
B05
- - - - -
**Current assets**
**Stocks (Note 18)**
B06
- - - - -
**Debtors (Note 19)**
B07
- - - - -
**Investments (Note 17.4)**
B08
- - - - -
**Cash at bank and in hand (Note 24)**
B09
2,032 - - 2,032 35,018
**_Total current assets_**
B10
2,032 - - 2,032 35,018
B11
552 - - 552 552
**_Net current assets/(liabilities)_**
B12
1,480 - - 1,480 34,466
**_Total assets less current liabilities_**
B13
1,480 -**-**1,480 34,466
B14
- - - - -
**Provisions for liabilities**
B15
- - - - -
**_Total net assets or liabilities_**
B16
1,480 - - 1,480 34,466
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
-
- -
B18
-
- -
**Unrestricted funds**
B19
1,480
- 1,480 34,466
**Revaluation reserve**
B20
-
**Fair value reserve**
B21
**_Total funds_**
B22
1,480 - - 1,480 34,466
**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**Creditors: amounts falling due**
**within one year (Note 20)**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Restricted income funds (Note 27)**|Guidance Note
**£**
**£**
**£**
**£**
**£**
**Fixed assets**
F01
F02
F03
F04
F05
**Intangible assets (Note 15)**
B01
- - - - -
**Tangible assets (Note 14)**
B02
- - - - -
**Heritage assets (Note 16)**
B03
- - - - -
**Investments (Note 17)**
B04
- - -
**_Total fxed assets_**
B05
- - - - -
**Current assets**
**Stocks (Note 18)**
B06
- - - - -
**Debtors (Note 19)**
B07
- - - - -
**Investments (Note 17.4)**
B08
- - - - -
**Cash at bank and in hand (Note 24)**
B09
2,032 - - 2,032 35,018
**_Total current assets_**
B10
2,032 - - 2,032 35,018
B11
552 - - 552 552
**_Net current assets/(liabilities)_**
B12
1,480 - - 1,480 34,466
**_Total assets less current liabilities_**
B13
1,480 -**-**1,480 34,466
B14
- - - - -
**Provisions for liabilities**
B15
- - - - -
**_Total net assets or liabilities_**
B16
1,480 - - 1,480 34,466
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
-
- -
B18
-
- -
**Unrestricted funds**
B19
1,480
- 1,480 34,466
**Revaluation reserve**
B20
-
**Fair value reserve**
B21
**_Total funds_**
B22
1,480 - - 1,480 34,466
**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**Creditors: amounts falling due**
**within one year (Note 20)**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Restricted income funds (Note 27)**|Guidance Note
**£**
**£**
**£**
**£**
**£**
**Fixed assets**
F01
F02
F03
F04
F05
**Intangible assets (Note 15)**
B01
- - - - -
**Tangible assets (Note 14)**
B02
- - - - -
**Heritage assets (Note 16)**
B03
- - - - -
**Investments (Note 17)**
B04
- - -
**_Total fxed assets_**
B05
- - - - -
**Current assets**
**Stocks (Note 18)**
B06
- - - - -
**Debtors (Note 19)**
B07
- - - - -
**Investments (Note 17.4)**
B08
- - - - -
**Cash at bank and in hand (Note 24)**
B09
2,032 - - 2,032 35,018
**_Total current assets_**
B10
2,032 - - 2,032 35,018
B11
552 - - 552 552
**_Net current assets/(liabilities)_**
B12
1,480 - - 1,480 34,466
**_Total assets less current liabilities_**
B13
1,480 -**-**1,480 34,466
B14
- - - - -
**Provisions for liabilities**
B15
- - - - -
**_Total net assets or liabilities_**
B16
1,480 - - 1,480 34,466
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
-
- -
B18
-
- -
**Unrestricted funds**
B19
1,480
- 1,480 34,466
**Revaluation reserve**
B20
-
**Fair value reserve**
B21
**_Total funds_**
B22
1,480 - - 1,480 34,466
**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**Creditors: amounts falling due**
**within one year (Note 20)**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Restricted income funds (Note 27)**|Guidance Note
**£**
**£**
**£**
**£**
**£**
**Fixed assets**
F01
F02
F03
F04
F05
**Intangible assets (Note 15)**
B01
- - - - -
**Tangible assets (Note 14)**
B02
- - - - -
**Heritage assets (Note 16)**
B03
- - - - -
**Investments (Note 17)**
B04
- - -
**_Total fxed assets_**
B05
- - - - -
**Current assets**
**Stocks (Note 18)**
B06
- - - - -
**Debtors (Note 19)**
B07
- - - - -
**Investments (Note 17.4)**
B08
- - - - -
**Cash at bank and in hand (Note 24)**
B09
2,032 - - 2,032 35,018
**_Total current assets_**
B10
2,032 - - 2,032 35,018
B11
552 - - 552 552
**_Net current assets/(liabilities)_**
B12
1,480 - - 1,480 34,466
**_Total assets less current liabilities_**
B13
1,480 -**-**1,480 34,466
B14
- - - - -
**Provisions for liabilities**
B15
- - - - -
**_Total net assets or liabilities_**
B16
1,480 - - 1,480 34,466
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
-
- -
B18
-
- -
**Unrestricted funds**
B19
1,480
- 1,480 34,466
**Revaluation reserve**
B20
-
**Fair value reserve**
B21
**_Total funds_**
B22
1,480 - - 1,480 34,466
**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**Creditors: amounts falling due**
**within one year (Note 20)**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Restricted income funds (Note 27)**|Guidance Note
**£**
**£**
**£**
**£**
**£**
**Fixed assets**
F01
F02
F03
F04
F05
**Intangible assets (Note 15)**
B01
- - - - -
**Tangible assets (Note 14)**
B02
- - - - -
**Heritage assets (Note 16)**
B03
- - - - -
**Investments (Note 17)**
B04
- - -
**_Total fxed assets_**
B05
- - - - -
**Current assets**
**Stocks (Note 18)**
B06
- - - - -
**Debtors (Note 19)**
B07
- - - - -
**Investments (Note 17.4)**
B08
- - - - -
**Cash at bank and in hand (Note 24)**
B09
2,032 - - 2,032 35,018
**_Total current assets_**
B10
2,032 - - 2,032 35,018
B11
552 - - 552 552
**_Net current assets/(liabilities)_**
B12
1,480 - - 1,480 34,466
**_Total assets less current liabilities_**
B13
1,480 -**-**1,480 34,466
B14
- - - - -
**Provisions for liabilities**
B15
- - - - -
**_Total net assets or liabilities_**
B16
1,480 - - 1,480 34,466
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
-
- -
B18
-
- -
**Unrestricted funds**
B19
1,480
- 1,480 34,466
**Revaluation reserve**
B20
-
**Fair value reserve**
B21
**_Total funds_**
B22
1,480 - - 1,480 34,466
**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**Creditors: amounts falling due**
**within one year (Note 20)**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Restricted income funds (Note 27)**|Guidance Note
**£**
**£**
**£**
**£**
**£**
**Fixed assets**
F01
F02
F03
F04
F05
**Intangible assets (Note 15)**
B01
- - - - -
**Tangible assets (Note 14)**
B02
- - - - -
**Heritage assets (Note 16)**
B03
- - - - -
**Investments (Note 17)**
B04
- - -
**_Total fxed assets_**
B05
- - - - -
**Current assets**
**Stocks (Note 18)**
B06
- - - - -
**Debtors (Note 19)**
B07
- - - - -
**Investments (Note 17.4)**
B08
- - - - -
**Cash at bank and in hand (Note 24)**
B09
2,032 - - 2,032 35,018
**_Total current assets_**
B10
2,032 - - 2,032 35,018
B11
552 - - 552 552
**_Net current assets/(liabilities)_**
B12
1,480 - - 1,480 34,466
**_Total assets less current liabilities_**
B13
1,480 -**-**1,480 34,466
B14
- - - - -
**Provisions for liabilities**
B15
- - - - -
**_Total net assets or liabilities_**
B16
1,480 - - 1,480 34,466
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
-
- -
B18
-
- -
**Unrestricted funds**
B19
1,480
- 1,480 34,466
**Revaluation reserve**
B20
-
**Fair value reserve**
B21
**_Total funds_**
B22
1,480 - - 1,480 34,466
**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**Creditors: amounts falling due**
**within one year (Note 20)**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Restricted income funds (Note 27)**|
|---|---|---|---|---|---|
||-
-|||-
-
1,480
-|-|
|||-|||-|
||1,480||||34,466|
|||||||
|||||||
||1,480|-|-|1,480|34,466|
## _**The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.**_
_**The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.**_
_**The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.**_
_**These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.**_
Signed by one or two trustees/directors on behalf of all the trustees/directors
Date of Print Name approval dd/mm/yyyy
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**----- Start of picture text -----**
8/5/2021
Mohammed Sajid Ali Menon
Date
Signature
dd/mm/yyyy
Signature of director authenticating accounts being sent to
Companies House
8/5/2021
Muhammad Manzurul Islam Print name
**----- End of picture text -----**
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## **Section C Notes to the ac**
## Note 1 **Basis of preparation**
## _**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost c transaction value unless otherwise stated in the relevant note(
The accounts have been prepared in accordance with:
the Statement of Recommended P √ preparing their accounts in accorda in the UK and Republic of Ireland (F
- and with* √ preparing their accounts in accorda in the UK and Republic of Ireland (F the Financial Reporting Standard ap
- • and with* Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
* -Tick as appropriate
## **1.2 Going concern**
_**If there are material uncertainties related to events or c charity's ability to continue as a going concern, please p applicable", if appropriate:**_
An explanation as to those factors that support the conclusion that the charity is a going concern;
Disclosure of any uncertainties that make the going concern assumption doubtful;
Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and no changes have note { }.
Yes* √ * -Tick as appropriate No* _**Please disclose:**_
## _**(i) the nature of the change in accounting policy;**_
_**(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and**_
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4
_**(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS102 SORP.**_
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the repo
Yes* √ * -Tick as appropriate No*
## _**Please disclose:**_
## _**(i) the nature of any changes;**_
_**(ii) the effect of the change on income and expense or assets and liabilities for the current period; and**_
_**(iii) where practicable, the effect of the change in one or more future periods.**_
## **1.5 Material prior year errors**
No material prior year error have been identified in the reportin Yes* √
* -Tick as appropriate No*
## _**Please disclose:**_
## _**(i) the nature of the prior period error;**_
_**(ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and**_
_**(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.**_
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## **ccounts**
convention with items recognised at cost or
(s) to these accounts.
Practice: Accounting and Reporting by Charities ance with the Financial Reporting Standard applicable FRS 102) issued on 16 July 2014
pplicable in the United Kingdom and Republic of
**----- Start of picture text -----**
√
**----- End of picture text -----**
## _**conditions that cast significant doubt on the provide the following details or state "Not**_
**----- Start of picture text -----**
N/A
N/A
N/A
**----- End of picture text -----**
e been made to the accounting policies adopted in
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orting period (3.46 FRS102 SORP).
ng period (3.47 FRS102 SORP).
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## **Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies**
_**This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.**_
## **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE**
**Please provide a description of the nature of each change in accounting policy**
_**Reconciliation of funds per previous GAAP to funds determined under FRS 102**_
**Start of End of period period £ £**
**Fund balances as previously stated** _**Adjustments:**_
## **Fund balance as restated**
_**Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102**_
**End of period£ Net income/(expenditure) as previously stated** _**Adjustments:**_
**Previous period net income/(expenditure) as restated**
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**Section C Notes to the accounts (**
|**Note 2**|**Accounting policies**||
|---|---|---|
|**2.2 INCOME**|||
|**Recognition of income**|These are included in the Statement of Financial Activities (SoFA) when:||
||· the charity becomes entitled to the resources;||
||· it is more likely than not that the trustees will receive the resources;|Yes*|
||· the monetary value can be measured with sufcient reliability.|√|
|**Ofsetting**|There has been no ofsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.|Yes*|
|**Grants and donations**|Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).|Yes*
√|
||In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specifed goods or services as entitlement to the grant|Yes*|
||only occurs when the performance related conditions are met (5.16 FRS 102 SORP).||
||Legacies are included in the SOFA when receipt is probable, that is, when there has been||
|**Legacies**|grant of probate, the executors have established that there are sufcient assets in the
estate and any conditions attached to the legacy are either within the control of the|Yes*|
||charity or have been met.||
|||Yes*|
|**Government grants**|The charity has received government grants in the reporting period||
||Gift Aid receivable is included in income when there is a valid declaration from the donor.||
|**Tax reclaims on**|Any Gift Aid amount recovered on a donation is considered to be part of that gift and is|Yes*|
|**donations and gifts**|treated as an addition to the same fund as the initial donation unless the donor or the||
||terms of the appeal have specifed otherwise.||
|**Contractual income and**|This is only included in the SoFA once the charity has provided the related goods or|Yes*|
|**performance related**|services or met the performance related conditions.||
|**grants**|||
|||Yes*|
|**Donated goods**|Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.||
||The cost of any stock of goods donated for distribution to benefciaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on|Yes*|
||receipt. In the reporting period in which the stocks are distributed, they are recognised||
||as an expense at the carrying amount of the stocks at distribution.||
||Donated goods for resale are measured at fair value on initial recognition, which is the||
||expected proceeds from sale less the expected costs of sale, and recognised in 'Income|Yes*|
||from other trading activities' with the corresponding stock recognised in the balance||
||sheet. On its sale the value of stock is charged against 'Income from other trading||
||activities' and the proceeds from sale are also recognised as 'Income from other trading||
||activities'.||
||Goods donated for on-going use by the charity are recognised as tangible fxed assets|Yes*|
||and included in the SoFA as incoming resources when receivable.||
||Gifts in kind for use by the charity are included in the SoFA as income from donations|Yes*|
||when receivable.||
|**Donated services and**|Donated services and facilities are included in the SOFA when received at the value of|Yes*|
|**facilities**|the gift to the charity provided the value of the gift can be measured reliably.||
||Donated services and facilities that are consumed immediately are recognised as income|Yes*|
||with an equivalent amount recognised as an expense under the appropriate heading in||
||the SOFA.||
|||Yes*|
|**Support costs**|The charity has incurred expenditure on support costs.||
|**Volunteer help**|The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.|Yes*
√|
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|**Income from interest,**|This is included in the accounts when receipt is probable and the amount receivable can|Yes*|
|---|---|---|
|**royalties and dividends**|be measured reliably.|√|
|**Income from**
**membership**
**subscriptions**|Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.|Yes*|
||Membership subscriptions which gives a member the right to buy services or other|Yes*|
||benefts are recognised as income earned from the provision of goods and services as||
||income from charitable activities.||
|**Settlement of insurance**
**claims**|Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income
in the SoFA.|Yes*|
|**Investment gains and**
**losses**|This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the|Yes*|
||year.||
|**2.3 EXPENDITURE**|**AND LIABILITIES**||
||Liabilities are recognised where it is more likely than not that there is a legal or|Yes*|
|**Liability recognition**|constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.|√|
|**Governance and support**
**costs**|
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its|Yes*|
||compliance with regulation and good practice.||
||Support costs include central functions and have been allocated to activity cost||
||categories on a basis consistent with the use of resources, eg allocating property costs
by foor areas, or per capita, staf costs by the time spent and other costs by their usage.|Yes*|
|**Grants with performance**|
Where the charity gives a grant with conditions for its payment being a specifc level of||
|**conditions**|service or output to be provided, such grants are only recognised in the SoFA once the|Yes*|
||recipient of the grant has provided the specifed service or output.||
|**Grants payable without**
**performance conditions**|Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be|Yes*|
||recognised.||
|||Yes*|
|**Redundancy cost**|The charity made no redundancy payments during the reporting period.||
|||Yes*|
|**Deferred income**|No material item of deferred income has been included in the accounts.||
|**Creditors**|The charity has creditors which are measured at settlement amounts less any trade
discounts|Yes*|
||A liability is measured on recognition at its historical cost and then subsequently|Yes*|
|**Provisions for liabilities**|measured at the best estimate of the amount required to settle the obligation at the
reporting date|√|
|**Basic fnancial**
**instruments**|The charity accounts for basic fnancial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to
11.19, FRS102 SORP.|Yes*
√|
|**2.4 ASSETS**|||
|**Tangible fxed assets for**|These are capitalised if they can be used for more than one year, and cost at least||
|**use by charity**||Yes*|
||They are valued at cost.||
||The depreciation rates and methods used are disclosed in note 14.||
|**Intangible fxed assets**|The charity has intangible fxed assets, that is, non-monetary assets that do not have
physical substance but are identifable and are controlled by the charity through custody|Yes*|
||or legal rights. The amortisation rates and methods used are disclosed in note 15.||
||They are valued at cost.|Yes*|
|**Heritage assets**|The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientifc, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation|Yes*|
||rates and methods used as disclosed in note 16.||
|||Yes*|
||They are valued at cost.||
||Fixed asset investments in quoted shares, traded bonds and similar investments are||
|**Investments**|valued at initially at cost and subsequently at fair value (their market value) at the year
end
The same treatment is applied to unlisted investments unless fair value cannot be|Yes*|
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end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments
**Stocks and work in** Stocks held for sale as part of non-charitable trade are measured at the lower or cost or **progress** net realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Yes* Yes* Yes* Yes*
Debtors (including trade debtors and loans receivable) are measured on initial **Debtors** recognition at settlement amount after any trade discounts or amount advanced by the Yes* charity. Subsequently, they are measured at the cash or other consideration expected to be received.
The charity has investments which it holds for resale or pending their sale and cash and **Current asset** cash equivalents with a maturity date less than one year. These include cash on deposit **investments** and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.
Yes*
Yes*
They are valued at fair value except where they qualify as basic financial instruments.
## **POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE**
CC17 FRS 102 SORP
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CC17 FRS 102 SORP
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14
**Section C Notes to the accounts (cont)**
## **Note 3 Income**
**----- Start of picture text -----**
Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds Prior year
£ £
Donations Donations and gifts 25,574 - - 25,574 32,575
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities - - - - -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total 25,574 - - 25,574 32,575
Charitable
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Other
trading - - - - -
activities: - - - - -
- - - - -
Other - - - - -
Total - - - [ - - ]
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - [ - - ]
Separate - - - - -
material - - - - -
item of - - - - -
income - - - - -
Total - - - [ - - ]
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - [ - - ]
TOTAL INCOME 25,574 - - 25,574 32,575
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
**----- End of picture text -----**
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**Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)**
**Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).**
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CC17a (Excell
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D811112021
**Section C Notes to the accounts (cont)**
**----- Start of picture text -----**
Note 6 Expenditure
Restricted
Unrestricted income Endowment
Analysis of expenditure funds funds funds Total funds Prior year
£ £
Expenditure on Incurred seeking donations - - - - -
raising funds:
Incurred seeking legacies - - - - -
Incurred seeking grants
Operating membership schemes and
social lotteries
Staging fundraising events
Fundraising agents
Operating charity shops
Operating a trading company
undertaking non-charitable trading
activity
Advertising, marketing, direct mail and
publicity - - - - -
Start up costs incurred in generating
new source of future income - - - - -
Database development costs - - - - -
Other trading activities
Investment management costs: - - - -
Portfolio management costs - - - - -
Cost of obtaining investment advice
- - - - -
Investment administration costs
- - - - -
Intellectual property licencing costs
- - - - -
Rent collection, property repairs and
maintenance charges - - - - -
- - - - -
Total expenditure on raising funds - - - - -
Expenditure on 58,000 - - 58,000 2,000
charitable
activities - - - - -
- - - - -
- - - - -
Total expenditure on charitable
activities 58,000 - - 58,000 2,000
Separate - - - - -
material item of
expense - - - - -
- - - - -
- - - - -
Total - - - - -
Other Bank Charges 8 - - 8 5
- - -
- - - - -
- - - - -
- - - - -
Total other expenditure 8 - - 8 5
**----- End of picture text -----**
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## **TOTAL EXPENDITURE**
58,008 - - 58,008 5
CC17a (Excel)
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## **Other information:**
## **Analysis of expenditure on charitable activities**
**----- Start of picture text -----**
Grant
Activity or funding Support Total this Total prior
Activities undertaken directly
programme of Costs year year
activities
£ £ £ £ £
Activity 1
Activity 2
Other
Total
Prior year expenditure on charitable
activities can be analysed as follows:
Within the expenditure items above the
following items are material: (please
disclose the nature, amount and any prior
year amounts)
Where sums originally denominated in
foreign currency have been included in
expenditure, explain the basis on which
those sums have been translated into
sterling (or the currency in which the
accounts are drawn up).
**----- End of picture text -----**
CC17a (Excel)
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## **Section C Notes to the accounts**
## **Note 10 Details of certain types of expenditure**
**Note 10.1 Fees for examination of the accounts**
## _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
**Independent examiner’s fees Assurance services other than independent examination Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner**
**This year £** 552
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Last year
552
CC17a IExcell
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0811112021
## **Section C Notes to the accounts**
## **Note 20 Creditors and accruals**
## _**Please complete this note if the charity has any creditors or accruals.**_
## **20.1 Analysis of creditors**
|**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**
**Payments received on account for contracts**
**or performance-related grants**|**Amounts falling due**
**within one year**|**Amounts falling due**
**within one year**|**Amounts f**
**after more t**|
**h**|
|---|---|---|---|---|
||**This year**
**£**|**Last year**
**£**|**This year**
**£**||
||-|-|-||
||-|-|-||
||-|-|-||
||-|-|-||
||552|552|-||
||-|-|-||
||-|-|-||
||552|552|-||
## **20.2 Deferred income**
## _**Please complete this note if the charity has deferred income.**_
## _**Please explain the reasons why income is deferred.**_
|**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**|**This year**
**£**|
|---|---|
||-|
||-|
||-|
||-|
CC17a (Excel)
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## **(cont)**
**falling due han one year Last year £** - - - - - - - -
**falling due han one year**
**Last year £** - - - -
CC17a (Excel)
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**Section C Notes to the accounts**
**----- Start of picture text -----**
|||
|---|---|
|Note 24 Cash at bank and in hand|
|This year|
|£|
|Short term cash investments (less than 3 months maturity date)|-|
|Short term deposits|-|
|Cash at bank and on hand|2,032|
|Other|-|
|Total|2,032|
**----- End of picture text -----**
CC17a (Excel)
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## **(cont)**
**Last year £** - - 35,018 - 35,018
CC17a (Excel)
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CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's report on the
accounts
Section A
Independent Examinerfs Report
Report to the trusteesl
members of
DURONIC FOUNDATION LIMITED
On accounts for the year
ended
Charity no
{if any}
1177860
3110112021
Set out on pages
10
I report to Ihe trustees on my examination of the acwunts of the above
charity {'the Trust.) for the year ended 3110112020
Responsibilities and
basi5 of roport
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
("the Act").
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145{5)Ibl of the Act.
Independent
examiner's statement
appl]]. Delete I l if not applicable.
I have completed my examination. I confirm that no material matters have
come to my attention in connection with the examination
ent
I have no concerns and have come across no other matters in connection
with the examination to which attention should be drawn in this report in
order lo enable a proper underslanding of the accounts lo be reached.
Please delete the words in the brackets if they do not apply.
Signed:
Date:
21
Name:
Mrs Sumithra Varatharasasingam
Relevant professional
qualification{s) or body
ACMA FCCA
IER
Oet 2018
(if any):
Address:
1027a Garratl Lane
Tooling
London SW17 OLN
Section B
Disclosure
Only complete if the examiner needs lo highlight material matters of concern
(see CC32, Indopendent examination of charity accounts- directions and
guidance for examiners).
Give here brief details of
any items that the
examiner wishes to
disclose.
IER
Oct 2018