Registered Charity number 1186636
ASUM UK Report and Accounts
31 December 2022
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ASUM UK Registered number: 1186636 Trustees' Report
The trustees present their report and accounts for the year ended 31 December 2022.
Principal activities
The main objective of the charity is to advance education and for the benefit of underprivileged children and the general public by means of providing educational activities and facilities such as schools, nurseries and training centres. The charity also provides food and medical treatment as
Activities and progress
ASUM UK ensures and provides public benefit as follows:
Educational facilities Mlima School Project Malawi Qurbani Operation Malawi Hot Food Distribution Malawi Food Package Building Water Borehole In Rural Areas
Trustees
The following persons served as trustees during the year: Mr MR Mussa Trustee Mr RM JUMA GHUMRA Trustee Mr RY TAYUB Trustee
Reserves policy
The Trustees aim to maintain sufficient reserves so as to give flexibility to cover temporary timing differences for donations received, adequate working capital for core costs and which allow them to respond quickly to the needs of the Trust.
Risk Management
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate our exposure to major risks.
Results
The charity has overspent by £14,000 for the year.
This report was approved by the board on 01 October 2023 and signed on its behalf.
Mr M R Mussa Trustee
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ASUM UK Independent Examiner's Report to the Trustees of ASUM UK .
I report on the accounts of ASUM UK for the year ended 31 December 2022, which are set out on pages 3 to 6.
Respective responsibilities of trustees and examiner The Charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and an independent examination is needed.
It is my responsibility to: examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the General Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention.
Basis of independent examiner's report My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner's statement In connection with my examination, no matter has come to my attention: i) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act, have not been met; or ii) to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached.
I.F Patel Leicester Commercial Accountants London Road Leicester
01/10/2023
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ASUM UK Statement of Financial Activities for year ended 31 December 2022
Incoming Resources Donations Total Incoming Resources Resources expended Total Outgoing Resources Net Incoming Resources TOTAL FUNDS CARRIED FORWARD |
Unrestricted Unrestricted fund fund 2022 2021 448,000 471,000 448,000 471,000 462,000 135,475 462,000 135,475 (14,000) 335,525 (14,000) 335,525 |
Unrestricted Unrestricted fund fund 2022 2021 448,000 471,000 448,000 471,000 462,000 135,475 462,000 135,475 (14,000) 335,525 (14,000) 335,525 |
|---|---|---|
135,475 335,525 335,525 |
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ASUM UK BALANCE SHEET AT 31[ST] DECEMBER 2022
| Notes CURRENT ASSETS Cash at bank NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
2022 £ 321,160 321,160 321,160 321,160 321,160 321,160 |
2021 £ 335,525 335,525 335,525 335,525 335,525 335,525 |
|---|---|---|
The financial statements were approved by the Board of Trustees on 10th October 2022 and were signed on its behalf by:
Mr M R Mussa -Trustee
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ASUM UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD JANUANRY 2022 TO 31 DECEMBER 2022
1. ACCOUNTING POLICIES
ACCOUNTING CONVENTION
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
INCOMING RESOURCES
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
RESOURCES EXPENDED
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year- end date are noted as a commitment but not accrued as expenditure.
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31st December 2022.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the period ended 31st December 2022.
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ASUM UK
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE PERIOD 1ST JANUARY 2022 TO 31ST DECEMBER 2022
| INCOMING RESOURCES Voluntary income Donation Total incoming resources RESOURCES EXPENDED Charitable activities Grants to institutions Support costs Management Postage and Stationery Finance Bank Charges Total resources expended Net income |
2022 £ 448,000 448,000 462,000 80 285 (14,365) (14,365) |
2021 £ 471,000 471,000 135,000 190 285 135,475 335,525 |
|---|---|---|
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