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2022-01-31-accounts

Ob'ectives
and activities
SORP reference
Summary
ofthe purposes
ofthe
charity as set out in its governing
document
Para 1.17 The purpose
ofthe charity is the prevention
and
relief of poverty
in the UK and the overseas.
Main activities ofthe trust are
Summary
ofthe main activities
in
relation to those purposes
for the
public benefit,
in particular,
the
activities,
projects or services
identified
in the accounts.
Para 1.17and 1.19 1.Supporting
and funding
emergencies
2. Building
homes for poor people
in third world countries 3.
Providing
medical care for people
in third world
country 4. Providing
educational
support
to poor
people 5. Feeding the homeless
Statement
confirming
whether
the
trustees
have had regard to the
guidance
issued
by the Charity
Commission
on public benefit
Para 1.18 The trust confirms that the trustees
have had
Regard to the guidance
issued
by the Charity
Commission
on public benefit.

SORP reference
Policy on grant making Para 1.38
Policy on social investment
including program related Para 1.38
investment
Contribution
made
volunteers
by Para 1.38

Duronic Foundation
have supported
3orphanages
school
and have supported
education
for 10children
from poor
background,
Summary
ofthe main
achievements
ofthe charity,
identifying
the difference the
charity's
work has made to
Para 1.20 The Foundation
have supported
95families
with food. 240
families
with clothing.
Provided
101families
with Blankets
and winter clothing.
the circumstances
of its
beneficiaries
and any wider
benefits to society as a whole.
The Foundation
have also build and repair 101 shelters for
poor people and built 4tube wells to provide water for local
community.

Achievements
against objectives
set
Para 1.41
Performance
offundraising
activities against objectives set
Para 1.41
Investment
performance
against
objectives
Para 1.41
Other

Review ofthe charity's
financial
position at the end ofthe period
Para 1.21 There are enough funds to carry on
Statement
explaining
the policy for
holding
reserves
stating
why they
are held
para 1.22 The reserves are
can be funded.
held so that the ongoing projects
Amount
ofreserves
held
Para 1.22 81898
Reasons for holding zero reserves Para 1.22 N/A
Details of fund materially
in deficit
Para 1.24 N/A
Explanation
of any uncertainties
about the charity
continuing
as a
Para 1.23 N/A
going concern
Additional
information
(optional)
You ma
choose to include further
statements where relevant about:
The charity's
principal
sources of
funds (including
any fundraising)
Para 1.47
Investment
policy and objectives
including
any social investment
Para 1.46
policy adopted
A description
ofthe principal
risks
facing the charity
Para 1.46
Other

Description
of charity's
trusts:
Type ofgoverning
document:
for
example,
iru,"'I deed
lrli n'ioi Biicli its
"'rtd aliicle., n'i
Para 1.25 Trust Deed
associalicn elc
How is the charity constituted?
Iol "txaitntjlle
fil'i'iiied
ct3tltpatfy,
Para 1.25 CIO
unincorpcraied
association,
CIO
Trustee selection methods
including
details of any
constitutional
provisions e.g.
election to post or name of any
Para 1.25 Appointed by General Meeting ofTrust
person or body entitled
to appoint
one or more trustees
Additional
information
(optional)
You ma
choose to include further
statements where relevant about:
Policies and procedures
adopted
for the induction
and training
of
Para 1.51
trustees
The charity's
organisational
structure
and any wider network
Para 1.51
with which the charity works
Relationship
with any related
parties
Para 1.51
Other

es ofthe charity tru es ofthe charity tru stees who manage th e charity
Trustee name Office (ifany) Dates
whole
acted if not for
ear
Name ofperson ior body) entitled to
a
oint trustee (ifan
)
Mohammed Sajid
Ali Menon
Shamim
Uddin
Muhammad Islam
Manjurul

0z
8no Unrestricted Restricted
income
Endowment Prior year
Recommended
categories
by activity funds funds funds Total funds funds
E E E E
income (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations
and legacies
601 87,029 87,029 25,574
Chaditable
activities
602
Other trading
activities
S03
Investments S04
Separate
material
item ofincome
S05
Other 606
Total S07 87,029 87,029 25,574
Expenditure
(Notes
6)
Expenditure
on:
Raising funds 808
Charitable
activities
S09 86,045 86,045 58,000
Separate
material expense
item 810
Other 811 566 566 560
Total 612 86,611 86,611 58,560
Net income/(expenditure) before tax for
the reporting
period
613 418 418 32,986
Tax payable 614
Net income/(expenditure) after tax
before investment gains/(losses) 615 418 418 32,986
Net gains/(losses)
on
investments 616
Net income/(expenditure) 617 418 418 32,986
Extraordinary
items
618
Transfers
between
funds 619
Other recognised gains/(losses):
Gains and losses on revaluation offixed assets for the
charity's
own use
620
Other gains/(losses) 621
Net movement
in funds
622 418 418 32,986
Reconciliation
of
funds:
Total funds brought
forward
623 1,480 34,466
Total funds carried forward 624 418 1,898 1,480
Ql
QZ
uOCIue Unrestricted
funds
f
Restricted
income
funds
f
Endowment
funds
f
Total this
year
f
Total last
yearf
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) 801
Tangible assets (Note 14) 802
Heritage assets (Note 16) 803
Investments (Note 17) 804
Total fixed assets 805
Current assets
Stocks (Note 18) 805
Debtors (Note 19) 807
Investments (Note 17.4) 803
Cash at bank and in hand
(Note 24)
800 2,450 2,450 2,032
Total current assets 810 2,450 2,450 2,032
Creditors: amounts
falling due within
one year
(Note 20)
811 552 552 552
Net current assets/(/fab//itfes) 812 1,898 1,89 1,480
Total assets /ess current liabilities 813 1,898 1,480
Creditors: amounts
falling due after
one year (Note 20) 814
Provisions for liabilities 815
Total net assets or liabilities 815 1,898 1,898 1,480
Funds ofthe Charity
Endowment
funds
(Note 27) 817
Restricted income funds (Note 27) 818
Unrestricted
funds
810 1,898 1,898 1,480
Revaluation
reserve
820
Fair value reserve 821
Total funds 822 1,898 1,898 1,480

An explanation
as to those factors that support
NIA
the conclusion
that the charity is a going
concern;
Disclosure ofany uncertainties
that make the
NIA
going concern assumption
doubtful;
Where accounts are not prepared
on a going
NIA
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.

CC17o IEx¢ell 30J1112022

Note 2 Accounting
policies
2.2 INCOME
Recognition of Income These are included
in the Statement ofFinanoal
Activities (SoFA) when:
~
the charity becomes entitled to the resources;
it is more likely than not that the trustees
will receive the resources;
~
the monetary
value can be measured
with sufficient
reliability.
Offsetting There has been no offsetting ofassets and liabilities,
or income and expenses, unless
required
or permiued
by the FRS 102SORP or FRS 102.
Grants and donations Grants and donations
are only included
in the SoFA when the general income recognition
criteria are met (5.10to 5.12FRS102SORP).
In the case ofperformance
related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement
to the grant
only occurs when the performance
related conditions are met (5.16FRS 102SORP).
Legacies are included
in the SOFA when receipt is probable,
that is, when there has
Legacies been grant ofprobate, the executors have established
that there are sumcient assets in
the estate and any conditions attached to the legacy are either within the control ofthe
charity or have been met.
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 ofthat gift and is
donations and gifts treated as an addition to the same fund as the initial donation
unless the donor or the
terms ofthe appeal have specified otherwise.
Contractual income and This is only included
in the SoFA once the chariiy has provided
the related goods or
performance related services or met the performance
related conditions.
grants
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 ofany stock ofgoods donated
for distribution
to beneficiaries
is deemed to be
the fair value ofthose gifts at the time oftheir receipt and they are recognised
on receipt.
In the reporting
period
in which the stocks are distributed,
they are recognised as an
expense at the carrying
amount ofthe 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 ofsale, and recognised
in 'Income
from other trading
activities'
with the corresponding
stock recognised
in the balance
sheet.
On its sale the value ofstock 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
fixed assets
and included
in the SoFA as incoming
resources when receivable.
Gifts in kind for use by the chariiy are included
in the SoFA as income from donations
when receivable.
Donated services and Donated services and facilities are included
in the SOFA when received at the value of
facilities the gift to the charity provided
the value ofthe gift can be measured
reliably.
Donated services and facilities that are consumed
immediately
are recognised as income
with an equivalent
amount recognised as an expense under the appropriate
heading
in
the SOFA.
Support costs The chariiy has incurred
expenditure
on support costs.
Volunteer help The value ofany voluntary
help received is not included
in the accounts
but is described
in the trustees'
annual
report.
income from interest, This is included
in the accounts when receipt is probable and the amount
receivable can
royalties and royalties and dividends be measured
reliably.
income from membership Membership
subscriptions
received
in the nature ofa gift are recognised
in Donations
subscrlptions and Legacies.
Membership
subscriptions
which gives a member the right to buy services or other
benefits are recognised as income earned from the provision ofgoods and services as
income from charitable
activities.
Settlement
claims
ofinsurance Insurance
claims are only included
in the SoFA when the general income recognition
criteria are met (5.10to 5,12FRS102SORP) and are included as an item ofother
income
in the SoFA.
Investment
losses
gains and This includes
any realised or unrealised
gains or losses on the sale ofinvestments
and
any gain or loss resulting
from revaluing
investments
to market value at the end ofthe
year.
2.3EXPENDITURE AND LIABILITIES
Liabilities are recognised
where
it is more likely than not that there isa legal or
Liability recognition constructive
obligation
committing
the charity to pay out resources and the amount
obligation
can be measured
with reasonable
certainty.
ofthe
Governance and support Support costs have been allocated between
governance
costs and other support.
costs Governance
costs comprise ag costs involving
public accountability
ofthe charity and ils
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 floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Grants with performance Where the charity
gives a grantwith
conditions
for its payment
being a specific level of
conditions service or output to be provided,
such grants are only recognised
in the SoFA once
the
recipient ofthe grant has provided
the specified service or output.
Grants payable without Where there are no conditions
attaching
to the grant that enables the donor chanty
to
performance conditions realistically
avoid the commitment,
a liability for the full funding
obligation
must be
recognised.
Redundancy cost The charity made no redundancy
payments
during the reporting
period.
Deferred income No material
item ofdeferred
income has been included
in the accounts.
Creditors The charity has creditors which are measured
at settlement
amounts
less any trade
discounts
A liability is measured
on recognition
at its historical cost and then subsequently
Provisions for gabglties measured
at the best estimate ofthe amount
required
to settle the obligation
at the
reporting
date
Sasic financial
instruments
The chariiy accounts for basic financial
instruments
on initial recognition as per
paragraph
10.7FRS102SORP. Subsequent
measurement
is as per paragraphs
11.17
to 11,19,FRS102SORP.
2.4ASSETS
Tangible fixed assets for These are capitalised
ifthey can be used for more than one year, and cost at least
use by charity
They are valued at cost.
The depreciation
rates and methods
used are disclosed
in note 14.
The chariity has intangible
fixed assets, that is, non-monetary
assets that do not have
Intangible fixed assets physical substance
but are identifiable
and are controlled
by the charity through
custody
or legal rights.
The amortisation
rates and methods
used are disclosed
in note 15.
They are valued at cost.
The charity has heritage assets, that is, non-monetary
assets with historiic, artistic,
Heritage assets scientific, technological,
geophysical
or environmental
qualities
that are held
and
maintained
principally
for their contribution
to knowledge
and culture.
The depreciation
rates and methods
used as disclosed
in note 16.
They are valued at cost.
Fixed asset investments
in quoted shares, traded bonds and similar investments
are
Investments valued at initially atcost 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
measured
reliably
in which case it is measured at cost less impairment.
Investments
held for resale or pending
their safe and cash and cash equivalents
with a
Note 3 Income Income Income
Restricted
Analysis of income Unrestricted
funds
income
funds
Endowment
funds
Toter funds Prior year
E 5
Donations Donations and ifts 87,029 87,029 25,574
and legacies: Gift Aid
Le acies
General grants provided by government/other
charities
Membership subscriptions and sponsorships
which are in substance
donations
Donated goods, facilities and services
Other
Total 87,029 87,029 25,574
Charitable
activities:
Other
Total
Other trading
activities:
Other
Total
Income from Interest income
investments: Dividend income
Rental and leasin income
Other
Total
Separate
material item
of income
Total
Other: Conversion ofendowment funds into income
Gain on disposal ofa tangible fixed asset held
for charit 's own use
Gain on disposal ofa programme related
investment
Royalties from the exploitation of intellectual
ro eit ri hts
Other
Tots I
TOTAL INCOME 87,029 87,029 25,574
Other information:
All income in the prior year wss 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.
Within the income items above the following Items are
material: (please disclose the nature, amount and any prior
year amounts)
Note 6 Expenditure
Restricted
Analysis ofexpenditure Unrestricted
funds
income
funds
Endowment
funds
Total funds
6
Prior yesr
f
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
activi
Advertising,
marketing,
direct mail and
ublici
Start up costs incurred in generating
new source offuture income
Database development costs
Other trading
activities
Investment
management
costs:
Porffolio mana
ement 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
charitable
on 86045 86,045 58000
activities
Total expenditure
on charitable
activities
86,045 86,045 58,000
Separate material
item ofexpense
Total
Other Bank Char es 14 14
Total other expenditure 14
TOTAL EXPENDITURE 86,059 86,059 58,008
Analysis ofexpend iture
o
n charit able
activities
Grant
Activity or
programme
Activities undertaken directly funding
of
Support
Costs
Total this
year
Total
prior year
activities
Activity
1
Activit
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).

Note 24
Cash at bank and
in hand
This year Last year
Short term cash investments (less than 3months maturity date)
Short term deposits
Cash at bank and on hand 2,450 2,032
Other
Total 2,450 ,032