## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name **members of** NOUVELLE OPTIQUE UK **On accounts for the year** 31 MARCH 2023 **Charity no** 1187124 **ended (if any) Set out on pages** 1 TO 2 (remember to include the page numbers of additional sheets) **Respective** The charity's trustees are responsible for the preparation of the accounts. **responsibilities of** The charity’s trustees consider that an audit is not required for this year **trustees and examiner** under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. - **Basis of independent** My examination was carried out in accordance with general Directions given **examiner’s statement** 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 the 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** In connection with my examination, no matter has come to my attention **examiner's statement** 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 Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act - have not been met; or 1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. **Date:** 24/01/2024 **Signed: Name:** M F Suleman **Relevant professional** Accountant **qualification(s) or body** **IER** **March 2012** 1 ## **(if any):** **Address:** c/o Fusion Accounting Ltd, 398A East Park Road Leicester LE5 5HH ## **Section B Disclosure** Only complete if the examiner needs to highlight material problems. **Give here brief details of** None **any items that the examiner wishes to disclose** . **IER** **March 2012** 2 CHARrrY REGISTRATION NUMBER 1187124 NOUVELLE OPTIQUE FINANCIAL STATEMENTS 31 MARCH 2023 NOUVELLE OPTIQUE FINANCIAL STATEMENTS PERIOD TO 31 MARCH 2023 CONTENTS PAGE Trustees Annual Report Statement of Financial Activtties Balance Sheet Statement of Cash flows Notes to the Statement of Cash fllyws Notes to the Financial state￿nts 11>12 NOUVELLE OPTIQUE TRUSTEES ANNUAL REPORT PERIOD TO 31 MARCH 2023 The Trustees have P￿SUre kn presenty thek report and thanclal statements of the Chartty for the peiiod to 31 MARCH 2023. REFERENCE AND ADMINISTRATIVE DEfAILS 9gl•tsr￿ ch•rtty namo NOUVELLE OPTIQUE CHARITY REGISTRATION number 1187124 R•gl•t•r•d offle•: 151 IQMbe￿ Ro&l. Leicesbr, LE2 1 LP THE Tru•tw• The Trustees who seNed the charity during the period V￿[0 as folkl￿. IVANCE ELLEN CAROLE {appointed 1311 or2022) SOW ABOUBACAR {appoinled 13110r2022) MIDODJI AG80GBODO (appointed 1311012022) MOHAMED ED-DENGUIR (res￿ne(j 1311012022) GREGORY JOEL PAUL SEIGNARD {resign&J 13110r2022) A￿R MEKROUS (rnsyned 1311012022) Charlty Accountant• Fusion Accounting Ltd 398A Ea8t Park Road, Le￿o$tor LE5 SHH Charlty Bankorn Barckqys Bank 1 Churchill Place, London E14 5HP STRUCTURE, GOVERNANCE AND MANAGE1￿NT NOUVELLE OPTIQUE ts a Charttabbe Incorporated Organisalion (CIO) governed by tts con8trtuthJn executed on 23rd December 2019 and was registered wilh Ihe Charty Commlssbn on the 23f December 2019. New trustees are appointed by a nomination process and majorlty declsion of the tru8tee8. The daY-l￿daY running of the Charity is delegated to the Char of Ihe charity M8.1Van￿ Ellen Carole. Trustees meet wularty to make dec￿1)n9 and disojss all aspects of Ihe dArity. The charity does not employ any staff arKI hen￿ it relies on the voluntary Ime of the trustee8 to manage Ihe affaiTr of the (*anty. No volunteers are empbyed in Ihe charlty. Durin9 the period. the charity had established partnership with Nouvelle Othue France to collaborate ar#1 cooperate on joint propcts n purnuit of the Charty objethes Mi varM)us countries. NOUVELLE OPTIQUE TRUSTEES ANNUAL REPORT (eonthxM¢ PERIOD TO 31 MARCH 2023 OBJECTIVES AND ACTivrriES The objectives of the organisation, as set out in ts goveming d0￿ment are: (1) To relieve financial hardship, distress and suffering among poor peo￿ and other people in need by means of, but not exclusivety, making grants or bans for Prov￿1ng or paying for items, equipment, serrf1￿8 and facilrties, wicluding the provision of food. ck)thff)g, dean water and the establishment of a hardshlp fund for the benefft of the saKI per50ns' (21 To advance education for the benefft of the poor. the illiterate and the general publlc by means of, but not exclusively, the provisN)n or assistsnce in the provisM)n of educalM)nal resources. equipment, activittes and facilities. such as schools and trainlng centres,. (3) To 8dvance the religion of Islam. by means of. but not exdusN8ty, promoting the teachings and tenets of Islam via the provision or assistance in the provish)n of Islamic pLaces of worship and Islamic education ctasses in accor(lance with the teachings of the Quran and Sunnah of the Prophet Muhammad (peace and bl8ssings be upon him) as interpreted by the Ahle Sunnah Wal Jamaah school of thought. The charity alms to support the reli8f of finandal hardshp, advance 8duc4llon and advance Islam In various parts of the world. The charty does not have any empbyeés. All adminkstration and fiJndraising are completed by trustee volunteers. Thus, voknnteer5' contributN)n is signfficant to the charty's abilty to undertake all its activities. The charity measures success in the period by assessing the level of donations raised, the number of projects planned and delivered in expending those donations, and the number of beneficiaries. The achievements end aCtiv￿e8 undertaken during the Perh￿ shown bek)w, and indicate8 a successful period of raising funds and defwering benefft to tens of thousands of needy people. ACHIEVEMENTS AND PERFORMANCE During the year, NOUVELLE OPTIQUE has. through Its partner chadty Nouvelle Optique France, rak8ed charitable fijnds for varnus projects and successfulty delrvered a programm8 of pov8rty r81i8f, hardship relief, Islamic athancement, and educational advancement for needy persons In various countri8s indudlng uGhana, Ivory Coast. Burkina Faso, Togo and Cambodla. The d8lfvery of projects was via four delrver partners vthich reached out to the aforemenlloned countrles. The achievements included: Construdion of 19 water welLs for clean water Drilling of 2 boreholes for clean water Instsllation of 148 vmter pumps Installation of 1 water tank Dlstribution of 8,925 meals for the poor Construction or rehabrfitstA)n of 2 m¢)sques NOUVELLE OPTIQUE TRUSTEES ANNUAL REPORT f¢tyrfhM PERIOD TO 31 MARCH 2023 DistributK)n of 300 books to s(*￿1 chihjren The vrater ￿￿116. boreholes, water pumps, *pter tanks, and meals all helped the charity meets its objective to relEve financral hardship. The cortstruction and rehabilitation of mosques helped the charity its objective to advance Islam for public benefft. The books helped the charity to meet its objectr¥e to advan￿ educalion for publ￿ ben8fit. The chanty measures perfomiance of the athieV￿nt by determining the w)uts from eath project and compared with the outy)uts stated rn the proposa15 recei¥&l from delNery partners. This way the trustees are able to ensure thal the outputs are in lin8 With the expoctalThis of the chanty and that the projects are delpierlig impact and b8nefft to thè public. PUBLIC 8ENEFrr STATEMEiir The Irustees have consKlered general guhJanc• on publ￿ benefft issued by the Chaiity Commi88ion and has taken due regard of that guidance. The trustees consKler that they are satk8fi8d that the harity's activrbes do benefft the public as it meeting an identifkqble need among those in need. The trustees have benefitted many needy irKINiduals and famili8s arKI has helped them to alleviats thelr flnanclal needs in ts'mes of desperalion in order to sustaln INing. advan￿ education via provlsM)n of resources vthere they dMI not have the m8ans and tharKed Islam by assistance in the provi8ion of places of ￿rshiP. GRANT MAKING POLICY The chanty gp4e8 grnnts to partner organisatK*ns that have financial hardship, education and Islamlc projects operaling in the areas of benefft. the partner organisations, the neèds of the poor are mot for their basic ne￿$rt￿ to sustain lrfe and the establiShm￿t of clean water ￿lL6 and watsr pumps. The educatK)nal and Islam￿ ne•J8 a￿ also Met V•ith grants to establk8h the facilit￿S or with resources. The criteria for beneficiari% of part￿r organisatK)ns is that the tsenef￿iary Is either poor arKI residwig in a poor village, or an area affec*d by a natural disaster, or affected by COVID-19 will no sour(x of vic0￿, or an Orphan and does not have the means to have Tegular meab, or poor househokl with no source of income or no)me, or part of a large famity does not have suffK*nt #Kome to rneet the costs for bask necessitiès In addition, the grants to patrer (KganisalK￿8 alhm the charlty to establsh, repair and su8takn Islamic places of y￿rShiP and educational iisttulM)ns. Each partner organisa￿n Is Se￿cted in accordance with the Oue Dilwjencé of the chanty. NOUVELLE OPTIQUE TRUSTEES ANNUAL REPORT (c PERIOD TO 31 MARCH 2023 FINANCIAL REVIEW NOUVELLE OPTIQUE had secured furKls frorn public donors arKI grant makers (from Sister charities in Fran￿) ft)r their actNrties totalling £164,302 during the year. was a substantral decrease from previous pericwj (£1,900,049) becaw sister chartty in France receNed less donations for joint projects. Al income from public donors and nstilut￿nS were directty to the Charity or to the Partner Charity V￿re made via the bankwig Syst￿ a￿1 comprwl of reslithd funds grven for partkular proiects. The expenditure for the year vrds £108.223 (21r22:£1.955.512), was prrnarily partner grants totalling £105,361 (2022'.£1,948,813) mth to partners of the Chanty. This generated a surplus of £58,079 for the perknd. Thi5 was added to the resep4es of the chanty and at the end of the perK)d the charity hekl £58.441 n Restrthd feserves arNJ £5,806 in Unrestricted reser￿S- total £64,247. There o no set reseryes policy as all surpknses will be used for frrture charitable expenditure. The income of the charity rs expected to increase significanty due to Nouvelle Optique France conducting further charitabl8 appeals for joint projects. PLANS FOR FUTURE PERIODS Future plans are to continue to raise more funds from the pubk and delr¥er more charitabb projects n tsne with the aYn8 of Charty arn set out above. RESPONSIBILrriES OF THE TRUSTEES The charws trustees are reSp¢M)8lb￿ for pr8pafKVJ th8 Trust888 Annual Report arKI the financial $talements in accordance apPI￿ab[e law and United Kngdom Account'ng Standards {Untted Qngdom Generally Accept&d AcC￿ntry Practre). The law applvble to tharities in Engknd aNI Wales requyes the trustees to prepare financlal statements for each financial year wthich gpie a true and fair VEW of the stste of affairs of the charty and of the inc(xning res(wrces and applIcatx￿ of resources of the charity for that period. Sn preparing these financial statements. the trustees are requred to.. Select suitable accounthg pol￿108 and then appty them wiS￿lenty. obseNe ￿ rmthods and pmciples in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether appI￿able accc4Jnting standards have been fo10￿ed, subject to any material departures disclosed and expLained in the financial statements.. prepare the financHI statements on the gorw coThxn basis unless it is inappropriate to presume that the chanty will continue kn operakn. NOUVELLE OPTIQUE TRUSTEES ANNUAL REPORT (¢tyrfh¥MO PERIOD TO 31 MARCH 2023 The tru8te8s are responsib￿ for keeping proper aco)unting records that di8cbos8 *ryth rea8onabkry accuracy at any time the financial posf(¥)n of the charity and enable them to ensure that th8 financial statements Comp￿ with the Charit*s Act 1993 and the Charity (Accounts and Reports) Regulations 2008. The trustees are also fesponsbbe for safeguardirYJ the assets of the charity and hence for taking reasonab￿ step8 for the prevenl#)n arKI deteCt￿n of fraud aThJ other irregularit￿. APPROVAL The report was approveAI by the TnJst•os on And signed on Ihoir behall by VA. Ivance Ellen Carole Trustee NOUVELLE OPTIQUE STATEMEKf OF FINANCIAL ACTMTIES (SOFA) PERIOD TO 31 MARCH 2023 Total Funds Perfod to 31 23 Total 31 Mar 22 Funds Funds INCOME from donatkxs and Segacies 2 163.802 164,302 1.900,iM9 Total 163,802 164,302 1,900.049 EXPENDrruRE charilable actriitss 3 105,361 106,223 1.955.512 Totsl 105.361 106,223 1.955,512 NET INCOk 1362) 58A41 58.079 (55,463) Transf8r8 bet¥%een funds Net movement in fund8 13621 68M1 68.079 (55,463J Reconclllallon of funds Total funds brought forbrdrd 6,168 6.168 61,631 Total funds carrled forward 68,441 64,247 6,168 NOUVELLE OPTIQUE BALANCE SHEET PERIOD TO 31 MARCH 2023 Total Funds Period to 31 Mar 23 Unrnstrlctad Rostrlctsd Funds Funds Total 31 Mar22 CURRENT ASSETS Cash ￿ harKI arKI bank 10,606 68.441 89,047 10,218 Total 10,606 58A41 69,047 10,218 LIABILITIES Creditors.. amounts falling S due wilhln one year 4.800 4,060 Net current a$￿ts 64,247 8,168 Total 088ets les8 current liabilit PA,247 8,168 Total Net AB80ts 64.247 6,188 Tho fund• of th• charlty Unrestricted funds Restncted funds 6,168 6,168 Total 8,168 8.168 These accounts were approved by Ihe Trust8e8 on and are swJned ￿ their behaff ty.. Ms. Ivance ELkn Caro Trustee CHARITY REGISTRATION Number. 1187124 NOUVELLE OPTIQUE STATEMENT OF CASH FLOWS PERIOD TO 31 MARCH 2023 31 Mar 23 31 Mar22 CASH FLOWS FROM OPERATING ACTIVITIES Cash generated fr(xn 1 58,829 (52,163) N•t u•h provklod by operallng a¢tfvltle• 58.829 (52,163) Change In cash and Cash equlvalonts In the rgportlnq porlod 58,829 (52.163J Ca•h and cash oqulval•nt• at th• boglnnlng of th• r•portlng porlod 10,218 82.381 Ca•h and c4•h oqulv•lent• at th• •nd of th• rnportlng ￿lIod 69,047 10,218 NOUVELLE OPTIQUE NOTES TO THE STATEMENT OF CASH FLOWS PERIOD TO 31 MARCH 2023 1.Reconciliation of net income to net cash flow from operatlng a¢Uviti 3110312023 31/03/2022 Net Incom• for th• r•portlng p•rl¢xl (a8 por the Statomant of Flnanclal Actlvltl••) 58.829 (55,463) Adjustments for. Increase in debtors Increase in creditors 3.300 Net ca•h provlded by oporallon8 58,829 (52,163) 2. Analy81• of changes In net funds At 0110412022 Cash flow At 3110312023 Net cash Cash at bank and in hand 10,218 58,829 69,047 Total 10,218 58,829 69,047 Tho not•3 forni part of these financial slatements NOUVELLE OPTIQUE NOTES TO THE FINANCIAL STATEMEKrs PERIOD TO 31 MARCH 2023 1. ACCOUNTING POLICIES a) Bas18 of accounllng The accounts have been prepared w) acconlance with the Statement of Recommended practi￿.. Accwntr'ng and Reporb'ng by Charities preparing their accounts in accordance wTrth the Financial Reporting StaTrJard appl￿b￿ in the UK and Republ￿ of Ireland {FRS 102) issued on 16 Juty 2014 and with the Financial Reporting Standard applICab￿ in the United Kingdom and Republ￿ of Ireland (FRS 102) and *ith the Charit*s Act 2011. The tharity constitutes a public bel￿ft entity as defr*d by FRS 102. b) Fund accountlng Unrestricted funds are general funds that are available for use at Ihe trustees, discretion in furtheran(x of any of obJetheB of the chaiity. Restricted funds are those donabj for use in a partiujlar area or for speufic purp08e8, the use ol which is restricted to that area or purp088 and thè reslJKtion means that the funds can only b8 used for Specrr￿ prOj￿ts or &tivrlies. c) Incomlng re8ourc Voluntary income, incbjdmg donations. gffts and and grants that provKle core funding or are of a general nature. are recogn￿ed b**)ere tsre is entitlernent, certainty of receipt and the amount can be measured wilh sUft￿nt relkibilty. Income from tharitable activrtEs ￿ck￿leS Incon￿ recognised as eamed (a8 the related goods or 8ervlces are provKled) under contract or vthere enti￿rnent to grant luTrJlng subject to specifK perfOrnian￿ condilions. Grant inc4)me InC￿ded in this category prov¥Jes funding to support programme activiti88 and is r8cognised where there entIt￿Ment, certainty of recept arKI the amount can be measured with suffi￿nt rellabllty. d) Regourco8 OXPond•d Expenditure 15 recogni50d th a liabilty is incurred. Funding provKI￿1 through Lx)ntractual agreements ar￿ perfomiance related grants are reix)gnised as gocKls or servi suppl￿. Other grant pa￿ents are re(x)gnised vthen a Lx)nstnKtive oblNJation ar*es that resutts in the payment being an UnavoK1ab￿ commitrnent. Costs of raising lunds are those CCK8ts incurred n attracting voluntary income, and those incurred trading actrrfities that raw funds. NOUVELLE OPTIQUE NOTES TO THE FINANCIAL STATEMEKfs (contlnuod) PERIOD TO 31 MARCH 2023 2. DONATION & LEGACIES Unrn•trlctod R•strkt•d Total Funds Funds Fund• 2023 Total 2022 Donallon8 Donations 163.802 164,302 1.9110,049 TOTAL 183.802 164.302 1.900,049 3. EXPENDrruRE - Charltablo AclJvltlo• Granls making is primarily undertaken urMl8r a partnership agreement with four charities based in Morocco, Cambcmlia. Ghana and Madagascar as detailed below. Unrestrtctod Re8trlcted Total Funds Fund• Funds 2023 Total 2022 Grnnts CambodKqn Muslim Irrtell8Ctual Alliance The Abdul Aziz Charilablo & Humanrtarian Foundat {Ghana> Association Al Kharat {Morocco) MAMOA (Madaga8¢ar Charlty) 28,852 28,852 1,182,224 76,509 76,609 480,797 180,465 105,327 SUB TOTAL Charftablo Actlvltl•• {oth•r) 106,361 106,361 1,948,813 Audit Fees Bank Charges Consultancy Fees Accountancy Fees Travel C￿ts Post4e Costs 3,300 1,166 800 750 362 321 112 112 750 750 SUB TOTAL 6.699 TOTAL 105.361 106,223 1,966,612 -11- NOUVELLE OPTIQUE NOTES TO THE FINANCIAL STATEMENTS (ContInu￿) PERIOD TO 31 MARCH 2023 4. Staff Di8clo8urns Total nurnber of staff empbyed during the per￿d is O and sub8equenty no staff member was pad more than £60,000 during the F￿thI. S. CREDITORS: Amounts falllng due ￿1n ono year Trad• cr•dltor• Audit Fee 2022 Accountancy Fees for 2022 Ac¢ountsncy & Exarnination Fees 2023 3,300 750 750 4,800 8. TRANSFERS BEfwEEN FUNDS No 7. CONNECTED PARTY TRANSACTIONS There were no payTnents made to any trustee or connecteAI perwn during the period for any remuneration or expenses. No donalK)ns were received from truste￿ during the period. -12-