Global Donors Forum (UK)
Trustees' Report and Unaudited Accounts
31 December 2020
Global Donors Forum (UK) Contents
| Pages | ||
|---|---|---|
| Trustees'AnnualReport | 2 | |
| IndependentExaminer'sReport | 3 | |
| Statement of FinancialActivities | 4 | |
| SummaryIncomeandExpenditure Account | 5 | |
| BalanceSheet | 6 | |
| Notesto the Accounts | 7 to | 10 |
| DetailedStatement of FinancialActivities | 11 to | 12 |
Page 1
Global Donors Forum (UK) Trustees Annual Report
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2020.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. CE015558
Charity No. 1180597
Registered Office
Barking Business Centre 50 Cambridge Road
Barking IG11 8FG
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year:
S. Ashraf
T.H. Cheema
U.W. Cheema
Accountants
Dataday Accountability Limited
Suite12, Stewart House 56 Longbridge Road Barking IG11 8RT
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
S. Ashraf Trustee 21 January 2022
Page 2
Independent Examiners Report
Global Donors Forum (UK)
Independent Examiner's Report to the trustees of Global Donors Forum (UK)
I report to the charity trustees on my examination of the accounts of Global Donors Forum (UK) for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the Charities SORP (FRS 102).
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 to enable a proper understanding of the accounts to be reached.
M ESAT FCPA FMAAT
Association of Certified Public Accountants / Association of Accounting Technicians
Dataday Accountability Limited
Suite12, Stewart House
56 Longbridge Road
Barking
IG11 8RT
21 January 2022
Page 3
Global Donors Forum (UK) Statement of Financial Activities
for the year ended 31 December 2020
| for the year ended 31 December 2020 | |||
|---|---|---|---|
| Notes Income and endowments from: Donationsandlegacies 3 Total Expenditure on: Charitableactivities 4 Other 5 Total Netgainsoninvestments Netincome Transfersbetweenfunds Netincome before other gains/(losses) Othergainsandlosses Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward |
Unrestricted funds 2020 £ 800 |
Totalfunds 2020 £ 800 |
Totalfunds 2019 £ 106,951 |
| 800 - 790 |
800 - 790 |
106,951 97,743 9,045 |
|
| 790 - |
790 - |
106,788 - |
|
| 10 - |
10 - |
163 - |
|
| 10 | 10 | 163 | |
| 10 163 |
10 163 |
163 - |
|
| 173 | 173 | 163 |
Page 4
Global Donors Forum (UK) Summary Income and Expenditure Account
for the year ended 31 December 2020
| Income Gross incomefor the year Expenditure Totalexpenditurefor the year Netincome before taxfor the year Netincomefor the year |
2020 £ 800 800 790 790 10 10 |
2019 £ 106,951 |
|---|---|---|
| 106,951 | ||
| 106,788 | ||
| 106,788 | ||
| 163 | ||
| 163 |
Page 5
Global Donors Forum (UK) Balance Sheet
at 31 December 2020
| at 31 December 2020 | |
|---|---|
| Company No. CE015558 Notes 2020 £ Current assets Cashat bankandin hand 173 173 Netcurrent assets 173 Totalassets lesscurrentliabilities 173 Net assetsexcludingpension asset orliability 173 Totalnet assets 173 Thefundsofthecharity Restrictedfunds 7 Unrestrictedfunds 7 Generalfunds 173 173 Reserves 7 Totalfunds 173 |
2019 £ 163 |
| 163 | |
| 163 163 |
|
| 163 | |
| 163 | |
| 163 | |
| 163 | |
| 163 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 December 2020 the company was entitled to exemption under section 477 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 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 21 January 2022
And signed on its behalf by:
S. Ashraf Trustee 21 January 2022
Page 6
Global Donors Forum (UK) Notes to the Accounts
-
for the year ended 31 December 2020
-
1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 - January 2015) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the
-
general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with Where income has related expenditure the income and related expenditure is related reported gross in the SoFA. expenditure Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year.
assets
Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
Global Donors Forum (UK) Notes to the Accounts
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other - short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 8
Global Donors Forum (UK) Notes to the Accounts
- 3 Income from donations and legacies
| 3 Incomefrom donationsandlegacies |
|||
|---|---|---|---|
| 4 Expenditure oncharitable activities Expenditureoncharitable activities Governancecosts 5 Other expenditure Motorand travelcosts Premises costs Generaladministrative costs Legaland professional costs |
Unrestricted £ - 800 800 Unrestricted £ - 225 165 400 790 |
Total 2020 £ - 800 800 Total 2020 £ - - - - - Total 2020 £ - 225 165 400 790 |
Total 2019 £ 67,895 39,056 |
| 106,951 | |||
| Total 2019 £ 79,993 12,270 5,280 200 |
|||
| 97,743 | |||
| Total 2019 £ 534 1,487 1,251 5,773 |
|||
| 9,045 |
6 Staff costs No employee received emoluments in excess of £60,000.
Page 9
Global Donors Forum (UK) Notes to the Accounts
7 Movement in funds
| 7 Movementinfunds |
||||
|---|---|---|---|---|
| Restrictedfunds: Unrestrictedfunds: Generalfunds RevaluationReserves: Totalfunds 8 Analysisofnet assetsbetweenfunds Netcurrentassets 9 Reconciliation ofnet debt Cashandcash equivalents Net debt |
At 1January 2020 163 |
Incoming resources (including other gains/losses ) £ 800 |
Resources expended £ (790) |
At 31 December 2020 £ 173 |
| 163 | 800 At 1January 2020 £ |
(790) Unrestricte dfunds £ 173 173 Cashflows £ |
||
| 173 | ||||
| Total £ 173 |
||||
| 173 | ||||
| At 31 December 2020 £ |
||||
| 163 | 10 | 173 | ||
| 163 163 |
10 10 |
173 | ||
| 173 |
10 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 10
Global Donors Forum (UK) Detailed Statement of Financial Activities
for the year ended 31 December 2020
| for the year ended 31 December 2020 | |||
|---|---|---|---|
| Income and endowmentsfrom: Donationsandlegacies Total income and endowments Expenditure on: Charitableactivities Totalofexpenditure oncharitable activities Travelandsubsistence Premises costs Rent Generaladministrativecosts, includingdepreciationand amortisation Bankcharges General insurances Sundry expenses Legaland professionalcosts Accountancyand bookkeeping Otherlegaland professional costs Totalofexpenditure ofothercosts Totalexpenditure Netgainsoninvestments Netincome Netincome before other gains/(losses) |
Unrestricted funds 2020 £ - 800 800 800 - - - - - - - - 225 225 2 - 163 165 400 - 400 790 790 - 10 10 |
Totalfunds 2020 £ - 800 800 800 - - - - - - - - 225 225 2 - 163 165 400 - 400 790 790 - 10 10 |
Totalfunds 2019 £ 67,895 39,056 |
| 106,951 | |||
| 106,951 79,993 12,270 5,280 200 |
|||
| 97,743 | |||
| 97,743 534 |
|||
| 534 | |||
| 1,487 | |||
| 1,487 | |||
| 23 737 491 |
|||
| 1,251 | |||
| 625 5,148 |
|||
| 5,773 | |||
| 9,045 | |||
| 106,788 - |
|||
| 163 | |||
| 163 |
Page 11
Global Donors Forum (UK) Detailed Statement of Financial Activities
| GlobalDonorsForum(UK) DetailedStatement ofFinancialActivities |
|||
|---|---|---|---|
| Other Gains Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward |
- 10 163 173 |
- 10 163 173 |
- |
| 163 | |||
| - | |||
| 163 |
Page 12