Charitable Incorporated Organisation, No: 1161963 ## **Trustees’ Annual Report & Statement of Financial Activity for the Year Ended 31 Mar 2023** ## **Trustees** Syed Shah (Chair) Luqman Haqeem (Laxmi Narayan Chudali) Muhammad Awan Jakir Ahmed Chowdhury Dr Ayman Abdu Khalid Mehmood Shahid Hussain 1 ## Contents |1|Reference and Administration Details ........................................................................................... 2|Reference and Administration Details ........................................................................................... 2| |---|---|---| ||1.1|Charity Name & Registration ................................................................................................. 2| ||1.2|Charity’s Address ................................................................................................................... 3| ||1.3.|Names of the Trustees Who Manage the Charity ................................................................. 3| ||1.4.|Names of Advisors & Senior Members of Staff ..................................................................... 3| ||1.5.|Bank ....................................................................................................................................... 3| |2|Structure, Governance & Management ......................................................................................... 3|| ||2.1.|Type of Governing Document ............................................................................................... 3| ||2.2.|Charitable Objects ................................................................................................................. 3| ||2.3.|Trustee Selection Methods.................................................................................................... 4| |3|Activities ......................................................................................................................................... 4|| ||3.1|Statutory Declaration ............................................................................................................ 4| |4|Financial Review ............................................................................................................................. 4|| ||4.1|Details of Any Funds Materially in Deficit ............................................................................. 4| ||4.2|Policy on Reserves ................................................................................................................. 5| ||4.3|Principal Sources of Funding and Outgoings ......................................................................... 5| ||4.4|Remuneration of Trustees ..................................................................................................... 5| ||4.5|Financial Status ...................................................................................................................... 5| ||4.6|Statutory Statements on Liabilities ....................................................................................... 5| |5|Statement of Financial Activity ...................................................................................................... 7|| |5.1||Receipts & Payments Accounts ................................................................................................. 7| ||5.1.1|Summary of Receipts & Payments Accounts ......................................................................... 8| ||5.1.3|Disposition of Funds .............................................................................................................. 8| ||5.1.4|Approval of the Board of Trustees ........................................................................................ 8| ||5.2|Notes to the Accounts ........................................................................................................... 8| 1 Reference and Administration Details 1.1 Charity Name & Registration Cambourne One (C1) 2 The charity is a Charitable Incorporated Organisation, registration no: 1181036, registered with the Charity Commission on 6 December 2018. - 1.2 Charity’s Address ## 48 BROOKFIELD WAY, LOWER CAMBOURNE, CAMBRIDGE, CB23 5ED - 1.3. Names of the Trustees Who Manage the Charity Syed Karim Shah (Chair); Ayman Abdu; Khalid Mehmood; Shahid Hussain; Luqman Haqeem (Laxmi Narayan Chudali); Muhammad Aslam Riaz Awan; Jakir Ahmed Chowdhury - 1.4. Names of Advisors & Senior Members of Staff None - 1.5. Bank Natwest, 56 St Andrew's Street, Cambridge, CB2 3DA ## 2 Structure, Governance & Management - 2.1. Type of Governing Document Constitution – based on the Charity Commission’s model governing document for Foundation Charitable Incorporated Organisations, ie: where the Trustees are the only Members of the charity. - 2.2. Charitable Objects As defined in Cambourne One’s Constitution (Governing Document): 1. TO ADVANCE ISLAM, FOR THE PUBLIC BENEFIT, IN PARTICULAR BUT NOT EXCLUSIVELY BY THE PROVISION OF FACILITIES FOR PUBLIC WORSHIP. 3 2. TO FURTHER OR BENEFIT THE RESIDENTS OF CAMBOURNE AND THE NEIGHBOURHOOD, WITHOUT DISTINCTION OF SEX, SEXUAL ORIENTATION, RACE OR OF POLITICAL, RELIGIOUS OR OTHER OPINIONS BY ASSOCIATING TOGETHER THE SAID RESIDENTS AND THE LOCAL AUTHORITIES, VOLUNTARY AND OTHER ORGANISATIONS IN A COMMON EFFORT TO ADVANCE EDUCATION AND TO PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE, RECREATION AND LEISURE TIME OCCUPATION, WITH THE OBJECTIVE OF IMPROVING THE CONDITIONS OF LIFE FOR THE RESIDENTS. 3. ANY CHARITABLE PURPOSES FOR THE PUBLIC BENEFIT AS ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE. IN FURTHERANCE OF THESE OBJECTS BUT NOT OTHERWISE, THE TRUSTEES SHALL HAVE POWER: TO ESTABLISH OR SECURE THE ESTABLISHMENT OF A COMMUNITY CENTRE AND TO MAINTAIN OR MANAGE OR CO-OPERATE WITH ANY STATUTORY AUTHORITY IN THE MAINTENANCE AND MANAGEMENT OF SUCH A CENTRE FOR ACTIVITIES PROMOTED BY THE CHARITY IN FURTHERANCE OF THE ABOVE OBJECTS. TO HELP YOUNG PEOPLE, ESPECIALLY BUT NOT EXCLUSIVELY THROUGH LEISURE TIME ACTIVITIES, SO AS TO DEVELOP THEIR CAPABILITIES THAT THEY MAY GROW TO FULL MATURITY AS INDIVIDUALS AND MEMBERS OF SOCIETY. THE PROMOTION OF RELIGIOUS HARMONY FOR THE BENEFIT OF THE PUBLIC BY: PROMOTING KNOWLEDGE AND MUTUAL UNDERSTANDING AND RESPECT OF THE BELIEFS AND PRACTICES OF DIFFERENT RELIGIOUS FAITHS. - 2.3. Trustee Selection Methods There must be at least three charity trustees. In appointing Trustees due consideration is given to ensuring that the Trustees have, between them, the skills and experience necessary to manage the charity effectively and in accordance with charity law. ## 3 Activities - 3.1 Statutory Declaration The Trustees of Cambourne One confirm that they have paid due regard to the guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake. ## 4 Financial Review - 4.1 Details of Any Funds Materially in Deficit 4 The Charity has no funds which are materially in deficit. - 4.2 Policy on Reserves The Charity’s policy on reserves is to generate and maintain a balance which is sufficient: a) to preserve the financial viability of the Charity in the event that unforeseen and/or unavoidable circumstance precipitate a short-term fall in its income; b) to enable the Charity, in the interests of meeting its objectives, to undertake from time to time the setting up of new and innovative projects on a pilot basis to demonstrate the viability and potential benefits of such activities as a precursor to securing the external funding necessary to maintain such projects on an on-going basis. For these purposes the Charity will endeavour to generate and maintain reserves which are at least 50% of its annual turnover. - 4.3 Principal Sources of Funding and Outgoings Cambourne One’s principal source of funds is club fees. It has not engaged in any specific applications for grants or fundraising activities in the current year. Cambourne One’s principal outgoings are facility costs for the running of clubs, and teaching costs. - 4.4 Remuneration of Trustees All Trustees act in a voluntary capacity and receive no remuneration or other material benefits from their services to the Charity. Out-of-pocket expenses necessarily and reasonably incurred by Trustees in promoting the purposes of the Charity are reimbursed at cost. - 4.5 Financial Status Though modest, Cambourne One’s current resources from unrestricted donations are sufficient to meet its outgoings for at least next year. All the indications are that this will remain the case for the foreseeable future. - 4.6 Statutory Statements on Liabilities 5 The Trustees declare that: - The charity has given no guarantees where potential liability under the guarantee is outstanding at the date of this statement (eg: any outstanding/ongoing contract or legal undertaking to buy or provide specific services); - The charity has no debt outstanding at the date of this statement which is owed by the CIO and which is secured by an express charge on any assets of the CIO (eg: a mortgage on property owned by the charity); Approved by the Trustees and signed on their behalf, Syed Kareem Shah (Chair) Date: 31/03/2023 6 5 Statement of Financial Activity ## 5.1 Receipts & Payments Accounts |**Receipts & Payments for the Financial Year Ended 31-Mar-23**|**Receipts & Payments for the Financial Year Ended 31-Mar-23**|**Receipts & Payments for the Financial Year Ended 31-Mar-23**|**Receipts & Payments for the Financial Year Ended 31-Mar-23**|**Receipts & Payments for the Financial Year Ended 31-Mar-23**| |---|---|---|---|---| |**A1 - RECEIPTS**|**Current Financial**||**Year**|**_Last Year_**| ||Unrestr'd
Funds**£**|Restricted
Funds £|Total**£**|Total**£**| |Voluntary Income
Income Generation
Investments Income|0
0
0||0
0
0|_0_
_0_
_0_| |Charitable Income|3,166|0|3,166|_3,393_| |Other Receipts|0||0|_0_| ||3,166|0|3,166|_3,393_| |**A2 - ASSETS & INVESTMENTS**||||| |Sale of Investments
Sale of Assets|0
0||0
0|_0_
_0_| ||0|0|0|_0_| |**TOTAL RECEIPTS**
**A3 - PAYMENTS**|**3,166**|**0**|**3,166**|**_3,393_**| |||||| |Generating Funds|0||0|_0_| |
Charitable Activities|-1,578|0|-1,578|_-983_| |Support Costs
Othe Payments|0
0||0
0|_0_
_0_| ||-1,578|0|-1,578|_-983_| |**A4 - ASSETS & INVESTMENTS**||||| |Purchase of Investments
Purchase of Assets|0
0||0
0|_0_
_0_| ||0|0|0|_0_| |**TOTAL PAYMENTS**
**NET OF RECEIPTS-PAYMENTS**|**-1,578**|**0**|**-1,578**|**_-983_**| ||**1,588**|**0**|**1,588**|**_2,410_**| |**A5 - Transfers Between Funds**|0|0|0|**_0_**| |**NET AFTER TRANSFERS**|**1,588**|**0**|**1,588**|**_2,410_**| |||||| 7 ## 5.1.1 Summary of Receipts & Payments Accounts **----- Start of picture text -----**
Allocation of Actual Funds for the Financial Year To 31-Mar-23
Current Financial Year, Last Year
Unrestr'd Restricted
Total £ Total £
Funds £ Funds £
Actual Funds Brought Forward 4,033 - 4,033 1,623
Movement After Transfers 1,588 0 1,588 2,410
Total Funds Carried Forward 5,621 0 5,621 4,033
**----- End of picture text -----**
## 5.1.3 Disposition of Funds The Charity has no designated or restricted funds ## 5.1.4 Approval of the Board of Trustees The Trustees declare that they have approved the above Annual Report & Statement of Financial Activity. Signed on behalf of the Trustees Syed Kareem Shah (Chair) **----- Start of picture text -----**
Date: 31/03/2023
**----- End of picture text -----**
## 5.2 Notes to the Accounts - a) Accounting Policies The financial statements have been prepared in accordance with the Charities Act 2011 Section 133, using the Receipts and Payments basis available to small charities. - b) Salaries No trustee receives any payments for the services they provide to the charity. In the current financial year, the charity employed no staff or external contractors. - c) Fixed Assets The charity has not purchased or disposed of any fixed assets in the current financial year. - d) Rounding Discrepancies 8 All amounts are recorded to the penny, but in these accounts are shown as digitally rounded to the nearest pound. This can occasionally result in a total apparently not being the sum of its constituent amounts. All individual amounts, and their totals, are nevertheless correct. 9