| CONTENTS | |||
|---|---|---|---|
| Contents | |||
| Charity information | |||
| Trustees annual report | 4-5 | ||
| Independent examiner's |
report | ||
| Statement offinancial | activities | ||
| Balance sheet | |||
| Statement ofcash flows | |||
| Notes to the financial | statements | 10-13 |
| Registered charity | Registered charity | name | Ahlebait Foundation |
|||||
|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 1180040 | ||||||
| Charity Commission | England | and Wales | ||||||
| Principal and registered | office | 41 Priory Gardens | ||||||
| Ealing | ||||||||
| London | ||||||||
| W5 1DY | ||||||||
| Trustees | Syed Baqar Abbas Zaidi | |||||||
| Hassnain Zahra Zaidi |
||||||||
| Ali Jafar Zaidi | ||||||||
| Benish Fatimah Zaidi | ||||||||
| Independent | examiners | KKAssociates | ||||||
| Chartered Accountants |
and Registered | Auditors | ||||||
| 305 Crown House, Park | Royal | |||||||
| North Circular Road | ||||||||
| London | ||||||||
| NW10 7PN | ||||||||
| Bankers | Barclays Bank UK PLC | |||||||
| 1 Churchill Place |
||||||||
| London | ||||||||
| E145HP |
| YE | AR ENDED 31 | MARCH 202 | 3 | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2023 | 2022 | ||
| Note | |||||
| INCOME AND | |||||
| ENDOWMENTS FROM: | |||||
| Donations and legacies |
15,151 | 287,875 | 303,026 | 361,985 | |
| Investments | |||||
| TOTAL INCOME | 15,151 | 287,875 | 303)026 | 361,985 | |
| EXPENDITURE ON: | |||||
| Raising funds | (5,830) | (5,830) | (8,645) | ||
| Charitable activities |
(3,726) | (336,063) | (339,789) | (289,239) | |
| TOTAL EXPENDITURE | (9,556) | (336,063) | (345,619) | (297,884) | |
| NET INCOME/ | |||||
| (EXPENDITURE) | 5,595 | (4S,1S8) | (42,593) | 64,101 | |
| OTHER RECOGNISED | |||||
| GAINS/(LOSSES) | |||||
| NET MOVEMENT IN FUNDS | 5,595 | (48,188) | (42,593) | 64,101 | |
| RECONCILIATION | OF | ||||
| FUNDS: | |||||
| Total funds brought forward |
7,514 | 83,909 | 91,423 | 27,322 | |
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 8,9 | 13,109 | 35,721 | 48,830 | 91,423 |
| BALANCE 31 MARCH |
SHEET 2023 |
||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Note | |||||
| CIJRRKNT ASSETS | |||||
| Debtors | 30,000 | ||||
| Cash at bank and in hand | 19,430 | 92,023 | |||
| 49,430 | 92,023 | ||||
| CREDITORS: Amounts | falling due within one | ||||
| year | (600) | (600) | |||
| NET CURRENT ASSETS | 48,830 | 91,423 | |||
| TOTAL ASSETSLESS | CURRENT LIABILITIES | 48,830 | 91,423 | ||
| TOTAL NET ASSETS | 10 | 48,830 | 91,423 | ||
| FUNDS OF THE CHARITY | |||||
| Restricted income funds | 35,721 | 83,909 | |||
| Unrestricted income funds |
13,109 | 7,514 | |||
| TOTAL CHARITY FUNDS | 10 | 48,830 | 91,423 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Cash flows from operating | activities | |||||
| Net income | (42,593) | 64,101 | ||||
| Adjustments for: | ||||||
| Foreign currency gains | ||||||
| Other interest receivable | and | similar income | ||||
| Changes in: | ||||||
| Trade and other | debtors | (30,000) | ||||
| Trade and other | creditors | (400) | ||||
| Cash generated | from operations | (72,593) | 63,701 | |||
| Interest received | ||||||
| Net cash from operating | activities | (72,593) | 63,701 | |||
| Net increase in | cash and cash equivalents | (72,593) | 63,701 | |||
| Cash and cash | equivalents | at beginning | ofyear | 92,023 | 28,322 | |
| Cash and cash | equivalents | at end ofyear | 19,430 | 92,023 |
| NOTE | S TO THE FINANCIAL STATEME | S TO THE FINANCIAL STATEME | S TO THE FINANCIAL STATEME | S TO THE FINANCIAL STATEME | NTS | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| YEAR ENDED 31 MARCH 2023 | ||||||||||
| Restricted | Total Funds | Total Funds | ||||||||
| Funds | 2023 | 2022 | ||||||||
| 4. | OTHER RECOGNISED | GAINS/(LOSSES) | ||||||||
| Foreign currency | gains | |||||||||
| 5. | CHARITABLE | ACTIVITIES | ||||||||
| Unrestricted | Restricted | Total Funds | Total Funds | |||||||
| Funds | Funds | 2023 | 2022 | |||||||
| Charitable | expenditure | 336,063 | 336,063 | 281,225 | ||||||
| Governance | costs —administration | 3,726 | 3,726 | 8,014 | ||||||
| 3,726 | 336,063 | 339,789 | 289,239 | |||||||
| The charitable | expenditure | was incurred | in accordance | with the charity's objects. | ||||||
| 6. | DEBTORS | |||||||||
| 2023 | 2022 | |||||||||
| Gift Aid receivable | ||||||||||
| Donation receivable | 30,000 | |||||||||
| 30,000 | ||||||||||
| 7. | CREDITORS: | Amounts | falling due within | one year | ||||||
| 2023 | 2022 | |||||||||
| Accruals | 600 | 600 | ||||||||
| 600 | 600 | |||||||||
| 8. | UNRESTRICTED INCOME FUNDS | |||||||||
| Balance at | Incoming | Outgoing | Balance at | |||||||
| 31March | 2022 | resources | resources 31 | March 2023 | ||||||
| Unrestricted | funds | 7,514 | 15,151 | (9,556) | 13,109 |
| Balance at | Incoming | Outgoing | Balance at | |||
|---|---|---|---|---|---|---|
| 31 | March 2022 | resources | resources 31March 2023 | |||
| Restricted | funds | 83,909 | 287,S75 | (336,063) | 35,721 |
| HE CHAMT | Y | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| Funds | Funds | Funds | ||
| 2023 | 2023 | 2023 | ||
| Debtors | 30,000 | 30,000 | ||
| Cash at bank | and in hand | 13,709 | 5,721 | 19,430 |
| Creditors (falling | ||||
| due within one year) | (600) | (600) | ||
| Net assets | 13,109 | 35,721 | 48,830 | |
| Unrestricted | funds | 13,109 | 13,109 | |
| Restricted funds | 35,721 | 35,721 | ||
| Total charity | funds | 13,109 | 35,721 | 48,830 |
| Unrestricted | Restricted | Total | ||
| Funds | Funds | Funds | ||
| 2022 | 2022 | 2022 | ||
| Debtors | ||||
| Cash at bank | and in hand | 8,114 | 83,909 | 92,023 |
| Creditors (falling | ||||
| due within one year) | (600) | (600) | ||
| Net assets | 7,514 | 83,909 | 91,423 | |
| Unrestricted | funds | 7,514 | 7,514 | |
| Restricted funds | 83,909 | 83,909 | ||
| Total charity | funds | 7,514 | 83,909 | 91,423 |