2023-12-31-accounts - Global Donors Forum (UK)

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Global Donors Forurm (UK)

Charity No. 1180597

Company No. CE015558

Trustees' Report and Unaudited Accounts

31 December 2023

Global Donors Forurm (UK) Contents

	Pages
Trustees' Annual Report	2
Independent Examiner's Report	3
Statement of Financial Activities	4
Summary Income and Expenditure Account	5
Balance Sheet	6
Statement of Cash flows	7
Notes to the Accounts	8 to 11
Detailed Statement of Financial Activities	12

Page 1

Global Donors Forurm (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 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. CE015558

Charity No. 1180597

Principal Office and 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 Studio U.02 2 Seabraes lane Dundee DD1 4AB

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 30 August 2024

Page 2

Global Donors Forurm (UK) Independent Examiners Report

Independent Examiner's Report to the trustees of Global Donors Forurm (UK)

I report to the charity trustees on my examination of the financial statements of Global Donors Forurm (UK) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements 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 financial statements 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:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 financial statements to be reached.

M Esat FCPA FMAAT -- Association of Certified Public

Accountants / Association of Accounting Technicians Dataday Accountability Limited Studio U.02 2 Seabraes lane Dundee DD1 4AB 30 August 2024

Page 3

Global Donors Forurm (UK) Statement of Financial Activities

for the year ended 31 December 2023

Unrestricted funds 2023 £ -	Restricted funds 2023 £ -	Total funds 2023 £ -	Total funds 2022 £ 14,900
- 550	- -	- 550	14,900 553
550 -	- -	550 -	14,903 -
(550) -	- -	(550) -	(3) -
(550)	-	(550)	(3)
(550) -	- 104	(550) 104	(3) 107
(550)	104	(446)	104

Page 4

Global Donors Forurm (UK) Summary Income and Expenditure Account

for the year ended 31 December 2023

Income Gross income for the year Expenditure Total expenditure for the year Net expenditure before tax for the year Net expenditure for the year	2023 £ - - 550 550 (550) (550)	2022 £ 14,900
		14,900
		14,903
		14,903
		(3)
		(3)

Page 5

Global Donors Forurm (UK) Balance Sheet

at 31 December 2023

Company No. CE015558 Notes 2023 £ Current assets Cash at bank and in hand 204 204 Net current assets 204 Total assets less current liabilities 204 Creditors:Amounts falling due after more than one year 7 (650) Net (liabilities)/assets excluding pension asset or liability (446) Total net (liabilities)/assets (446) The funds of the charity Restricted funds 8 Restricted income funds 104 104 Unrestricted funds 8 General funds (550) (550) Reserves 8 Total funds (446)	2022 £ 554
	554
	554 554 (450)
	104
	104
	104
	104 -
	-
	104

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 2023 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 30 August 2024

And signed on its behalf by:

S. Ashraf Trustee 30 August 2024

Page 6

Global Donors Forurm (UK) Statement of Cash flows for the year ended 31 December 2023

Cash flows from operating activities Net expenditure per Statement of Financial Activities Adjustments for: Increase in trade and other payables Net cash used in operating activities Net cash from investing activities Net cash from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances	2023 £ (550) 200 (350) - - (350) 554 204 204 204	2022 £ (3) -
		(3)
		-

		-

		(3)
		107
		104

		554

		554

Page 7

Global Donors Forurm (UK) Notes to the Accounts

for the year ended 31 December 2023

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 related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. 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 8

Global Donors Forurm (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.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 9

Global Donors Forurm (UK) Notes to the Accounts

3 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies	Unrestricted funds 2022 £ 14,900 14,900 14,903 14,903 (3) (3) (3) - (3)	Restricted funds 2022 £ - - - - - - - 107 107	Total funds 2022 £ 14,900
			14,900 14,903
			14,903
			(3)
			(3)
			(3) 107
			104

5 Other expenditure

Premises costs General administrative costs Legal and professional costs

Unrestricted £ 350 - 200 550	Total 2023 £ - - Total 2023 £ 350 - 200 550	Total 2022 £ 14,900
		14,900
		Total 2022 £ 300 3 250
		553

6 Staff costs

No employee received emoluments in excess of £60,000.

Page 10

Global Donors Forurm (UK) Notes to the Accounts

7 Creditors:

amounts falling due after more than one year

2023 £ 650 650 At 1 January 2023 104 104 - 104 At 1 January 2023 £	Resources expended £ - - (550) (550) Unrestricted funds £ 204 (650) (446) Cash flows £	2022 £ 450
		450
		At 31 December 2023 £ 104
		104
		(550)
		(446)
		Total £ 204 (650)
		(446)
		At 31 December 2023 £
554	(350)	204
554 554	(350) (350)	204
		204

11 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 11

Global Donors Forurm (UK) Detailed Statement of Financial Activities

for the year ended 31 December 2023

Income and endowments from: Donations and legacies Total income and endowments Expenditure on: Premises costs Rent General administrative costs, including depreciation and amortisation Bank charges Legal and professional costs Audit/Independent examination fees Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	2023 £ - - - 350 350 - - 200 200 550 550 - (550) (550) - (550) - (550)	2023 £ - - - - - - - - - - - - - - - - 104 104	Total funds 2023 £ - - - 350 350 - - 200 200 550 550 - (550) (550) - (550) 104 (446)	Total funds 2022 £ 14,900
				14,900
				14,900 300
				300
				3
				3
				250
				250

				553
				553 -
				14,347
				14,347 -
				14,347
				107
				14,454

Page 12