## **Tayyab Trust**
**Unit 9, Triangle Business Park**
**Paddock Huddersfield**
**Charity Registration No: 1179751**
**Financial statements: Year ended 30/09/2021**
**Accountancy Management Services 455 Whalley New Road,**
**Blackburn**
## **Tayyab Trust**
## **Unit 9, Triangle Business Park**
## **Paddock, Huddersfield**
## **Contents**
|**Contents**||
|---|---|
||**Page**|
|Trustees’ annual report|4|
|Statement of Trustees’ responsibilities|6|
|Auditors report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Statement of Cash Flows|10|
|Notes to the financial statements|11|
Page 2 of 14
## **Tayyab Trust**
## **Unit 9, Triangle Business Park Paddock, Huddersfield**
## **Reference & Administrative details**
## **Charity name**
Tayyab Trust
## **Charity registration number**
1179751
## **Principal office**
Unit 9, Triangle Business Park Paddock Huddersfield HD1 4PR
## **Trustees**
Mr. M Patel Mr. A Khatwani Mr. M A Qasmi Mr. M A Khan
## **Auditors**
Accountancy Management Services SBU Ltd 455 Whalley New Road Blackburn BB1 9SP
Page 3 of 14
## **Tayyab Trust**
## **Unit 9, Triangle Business Park**
## **Paddock, Huddersfield**
**Trustees’ Annual Report**
## **STRUCTURE, GOVERNANCE & MANAGEMENT**
## **Governing Document**
The charity is constituted as a charitable trust, governed by a Trust Deed, and is registered with the Charity Commission under charity number 1179751.
## **Organisational Structure**
General control and management of the charity responsibility lies with the trustees. The trustees receive no remuneration or other financial benefits to fulfil this role and give their time freely for the above purpose. The charity trustees meet on a quarterly basis and are responsible for all decision taken in relation to the overall control and strategic management of the charity. The operational management of the charity is delegated to sub committees. Sub committees are currently set up for academic, finance, construction & maintenance functions.
## **Recruitment, Appointment and Training of Trustees**
New trustees are brought into the organisation, when required, on the basis of eligibility, competence, specialist knowledge and skills. The responsibility for the appointment of new trustees lies with the existing trustees. It is the policy of the Tayyab Trust that each trustee during induction is given a copy of the trust deed, the latest audited accounts, recent meeting minutes and guidance regarding the policies and procedures adopted by our charity.
## **Risk Management**
Risks are assessed, identified, managed and constantly reviewed. A set of policies and procedures are developed to manage risks, which form the internal controls framework. The policies are set by the management team and authorised by trustees with implementation delegated to the management team. The relevant policies and procedures are communicated to all staff and training given where applicable. Periodic policy reviews are undertaken to seek to ensure the internal controls framework remains relevant.
The organisation has both employer liability and public liability insurance policies in place. All employees are put through appropriate Disclosure and Barring Service checks.
## **OBJECTIVES AND ACTIVITIES**
The objects of charity are set out in the charity’s governing document:
The prevention and relief of poverty:
This is achieved by providing grants, items, and services to individuals in need and or charities, assisting other organisations working to prevent and relieve poverty. – Assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate sustainable income and self-sufficient.
The charity has undertaken a drive to raise funds for its set objectives during the year. It has with the assistance of consultants raised funds and delivered a number of projects during the year.
It has identified partners with whom they will be working with to assist in the delivery of its objectives and will continue to deliver to the most needy in society wherever possible. The objects of the charity are set out in the charity’s governing document:
The prevention and relief of poverty:
This is achieved by providing grants, items, and services to individuals in need and or charities, assisting other organisations working to prevent and relieve poverty. – Assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be selfsufficient.
The charity has undertaken a drive to raise funds for its set objectives during the year it has with the assistance of consultants raised funds and delivered a number of projects during the year.
**Trustees’ Annual Report**
Page 4 of 14
## **Tayyab Trust**
## **Unit 9, Triangle Business Park**
## **Paddock, Huddersfield**
It has identified partners with whom they will be working with to assist in the delivery of its objectives and will continue to deliver to the most needy in society wherever possible.
## **Achievements and performances**
The trust has raised awareness and the need for its objectives and the need for the delivery of its services to individuals and communities. It has raised funds throughout the year and has undertaken various projects including:
- Items provided for safety and protection
- Water sanitation
- Hand pump installation
- Clean water to drink and wash
- Food aid
- Medical provisions and strategies
- Livelihood support
## **Financial review**
The charity’s financial position during the year end 30 September 2021
2021 2020 £ £ Net income 1,096,871 238,907 Unrestricted 1,096,871 43.596 Restricted 0 195,311
## **Plans for future periods**
The trustees will continue to raise funds and work with partners to provide for the projects requirements as necessary: without running out of resources. This can be achieved with continued support of the donating public and partner organisation that will also support the charity’s mutual objectives.
## **Funds held a custodian trustee**
The charity does not maintain any fixed assets, other than the operating assets of cash.
Page 5 of 14
## **Tayyab Trust**
## **Unit 9, Triangle Business Park**
## **Paddock, Huddersfield**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of 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.
## **Statement of Disclosure to auditors**
So far as the trustees are aware, there is no relevant audit information of which the company's auditors are unaware. Additionally, the trustees have taken all the necessary steps that they ought to have taken as trustees in order to make themselves aware of all relevant audit information and to establish that the company's auditors are aware of that information.
## **Trustees’ responsibilities statements**
The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)
## **Approval**
Approved by the trustees on 27[th] July 2022 and signed on their behalf by:
Mr M A Qasmi Trustee
Page 6 of 14
## **Tayyab Trust**
## **Unit 9, Triangle Business Park**
## **Paddock, Huddersfield**
## **Independent Examiner Report to the Trustees of Tayyab Trust**
## **Report of the independent auditors to the Trustees of the Tayyab Trust**
We have audited the financial statements of the Tayyab Trust for the year ended 30[th] September 2021 which comprise of the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and the related notes.
The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), in particular FRS102 (effective 1 January 2015). This report is made solely to the charity’s Trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity’s Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.
## **Respective Responsibilities of Trustees and Auditors**
As explained more fully in the Statement of Trustees' Responsibilities, the Trustees are responsible for the preparation of financial statements which give a true and fair view. We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s (APB’s) Ethical Standards for Auditors.
## **Scope of the audit of the financial statements**
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of whether the accounting policies are appropriate to the charity’s circumstances, and have been consistently applied and adequately disclosed, the reasonableness of significant accounting estimates made by the trustees, and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the Annual Report to identify material inconsistencies with the audited financial statements. If we become aware of any apparent material misstatements or inconsistencies, we consider the implications for our report.
## **Opinion on financial statements**
In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 30[th] September 2021, and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
Page 7 of 14
## **Tayyab Trust**
## **Unit 9, Triangle Business Park**
## **Paddock, Huddersfield**
## **Auditors Report to the Trustees of Tayyab Trust**
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:
- the information given in the Trustees’ Annual Report is inconsistent in any material respect with the financial statements;
- sufficient accounting records have not been kept;
- the financial statements are not in agreement with the accounting records and returns; or
- We have not received all the information and explanations we require for our audit.
## Signed: _Rizwan Essat_
Date: 28[th] July 2022
AMS Accountants SBU Ltd 455 Whalley New Road Blackburn BB1 9SP
Page 8 of 14
## **Tayyab Trust**
## **Unit 9, Triangle Business Park**
## **Paddock, Huddersfield**
## **Statement of Financial Activities (including Income and Expenditure account)**
## **For the Year ended 30[th] September 2021**
|**Note**
**Income and endowments**
Income from Donations and Legacies
3
Income from Projects
Medical Project
Water Projects
Other Projects
**Total Income**
**Expenditure on:**
Expenditure on raising funds
4
Expenditure on charitable activities
5
**Total Expenditure**
**Net Income**
Fund Balances brought forward
Transfer between funds
Fund Balances carried forward|**Unrestricted**
**Restricted**
**Endowment**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
898,003
97,375
17,525
83,968
**1,096,871**
734,640
**734,640**
**362,231 **
31,550
163,909
0
-
**393,781 **
**163.909**
**0**|**Totals**
**Totals**
**2021**
**2020**
**£**
**£**
898,003
142,170
97,375
35,140
17,525
49,001
83,968
12,596|
|---|---|---|
|||**1,096,871**
**238,907 **|
|||10,878
32,902|
|||**43,780**|
||||
|||**195,127**|
|||195,459
**332**
-**-**|
|||**557,690**
**195,459**|
A Statement of Total Recognised Gains and Losses is not required as all gains and losses are included in the Statement of Financial Activities. The accompanying notes on pages 11 to 14 form part of these financial statements.
Page 9 of 14
## **Tayyab Trust**
## **Unit 9, Triangle Business Park**
## **Paddock, Huddersfield**
## **Balance Sheet as at 30[th] September 2021**
|**Note**
**Current Assets:**
Cash at Bank and in Hand
10
**Creditors:**
Amounts falling due within one year
11
**Net Current Assets**
**Total Assets less Current Liabilities**
**Creditors:**
Amounts falling due after more than one year
**Net Assets**
**Funds:**
Restricted funds
Unrestricted funds
**Total Funds**|**Totals**
**Totals**
**2021**
**2020**
**£**
**£**
560990
196,959|
|---|---|
||196,959
3300
1,500|
||557,690
195,459|
||557,690
195,459
0
0|
||557,690
195,459|
||163,909
163,909
393,781
31,550|
||557,690
195,459|
Approved by the Trustees and signed on their behalf by
**Mr M A Qasmi Date Trustee**
27th July, 2022
Page 10 of 14
## **Tayyab Trust**
## **Unit 9, Triangle Business Park**
## **Paddock, Huddersfield**
## **Statement of Cash Flows for the Year ended 30[th] September 2021**
|**Cash flows from operating activities:**
**Net cash provided by operating activities**
**Adjustments for**
Bank interest & charges
Accrued expenses
**Cash generated from operations**
**Cash flows from financing activities:**
Bank Charges
**Net ash from operating activities**
**Net increase in cash & equivalents**
**Cash & equivalents at beginning of the year**
**Cash & equivalents at end of the year**|**Totals**
**Totals**
**2021**
**2020**
**£**
**£**
362,231
195,127
734
34
1,800
1478
364,765
196,639
734
34|
|---|---|
||364,031
196,605|
||364,031
196,605
196,959
354|
||560,990
196,959|
Page 11 of 14
## **Tayyab Trust**
## **Unit 9, Triangle Business Park**
## **Paddock, Huddersfield**
## **Notes to the Financial Statements**
**1. General Information** The Charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principle office is Unit 9, Triangle business park, Paddock, Huddersfield, Hd1 4RR
**2. Accounting policies (a) Basis of preparation** These financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards. The financial statements have been prepared in accordance with the statement of recommended practice (SORP), "Accounting and reporting by charities, Statement of Recommended Practice applicable to charities preparing the accounts in accordance with the financial reporting standard applicable in the UK and Republic of Ireland (FRS102) and as updated by Update Bulletin 1 (February 2016). **(b) Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees for the 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. Endowment funds are funds where there is no power to convert the capital into income. This is known as a permanent endowment fund. A permanent endowment fund must normally be held indefinitely. Where Trustees have the power to convert endowment funds into income, such funds are known as expendable endowments. A gift of an expendable endowment provides the Trustees with the power to convert all or part of it into income. **(c) Investment income** Income from investments and from rental income is included in the Statement of Financial Activities in the year in which it is receivable. **(d) Incoming resources** All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed under the various projects. For legacies, entitlement is the earlier of the charity being notified of an impending distribution of the legacy being received. Donated facilities are included at a value to the charity when this can be quantified and a third party is bearing the cost. **(e) Resources expended** All expenditure is accounted for an accruals basis and has been classified under the heading that aggregates all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on the basis consistent with the use of resources. **(f) Tangible Fixed Assets** Tangible fixed assets costing more than £ 1,000 are capitalised and included at cost including incidental expenses of acquisition. **(g) Depreciation** Depreciation is calculated on all tangible fixed assets at rates calculated so as to write off the cost of the asset less its estimated residual value over the useful economic life of that asset as follows: Freehold Land 2% per annum on a straight line method Freehold Buildings 2% per annum on a straight line method Fixtures & Equipment 15% per annum on a reducing balance **(h) Investment revaluation** Fixed asset investments are revalued at the market value as at the Balance Sheet date based on independent valuations from an external valuer. **(i) Stock** Stock consists of purchased goods for resale. Stock is valued at the lower of cost and net realisable value. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed. **(j) Accrued and Deferred Income** Accrued and Deferred Income represents the difference between course fees received from students up to the financial year end, and the amount of student fee income recognised in the Statement of Financial Activities on a pro rata basis across the academic period the fees relate to.
Page 12 of 14
## **Tayyab Trust**
## **Unit 9, Triangle Business Park**
## **Paddock, Huddersfield**
## **Notes to the Financial Statements**
|**3. Donations & legacies**
Day to Day welfare
Eid ul Adha Qurbani
Medical projects
Water projects
other projects
**4. Raising Awareness**
Advertising & publicity
**5. Cost of activities in furtherance of the charity objects**
Eid ul Adha Qurbani
Medical projects
Support Costs
**6. Analysis of support costs**
Finance Costs
Governance Costs
**7. Independant Examination Fee**
Independent examination of financial statements|**2021**
**£**
898,003
-
97,375
17,525
83,968|**2020**
**£**
35,000
111,170
35,140
49,001
12,956|
|---|---|---|
||**1,096,871**|**238,907**|
||**2021**
**£**|**2020**
**£**|
||**0**|**10878**|
||**2021**
**£**
27973
409100
295032|**2020**
**£**
25,302
5,000
2,600|
||**732105**|**30,902**|
||**2021**
**£**
735
0|**2020**
**£**
34
1,100|
||**735**|**1,134**|
||**2021**
**£**|**2020**
**£**|
||**1800**|**1,500**|
## **8. Staff Costs**
No Staff were employed during the year. All services were provided on a voluntary basis. Employee head count was nil and no employee received benefits over £60,000.
## **9. Trustees remuneration and expenses**
During the year no trustees or persons connected with them received any remuneration from the charity or any related party **.**
## **Notes to the Financial Statements**
Page 13 of 14
## **Tayyab Trust**
## **Unit 9, Triangle Business Park**
## **Paddock, Huddersfield**
|**10. Cash at Bank and in Hand**
Cash at Bank
**11. Creditors: amounts falling due within one year**
Accurals & deferred Income|**2021**
**2020**
**£**
**£**
**560,990**
**196,959**|
|---|---|
||**2020**
**2019**
**£**
**£**
**1,800**
**1,500**|
Page 14 of 14