EAST RIDING COMMUNITY FOUNDATION TRUST FINANCIAL STATEMENTS FOR 30 April 2021 Charity Number 11871S6 EAST RIDtNG COMMUNITY FOUNDATION TRUST FINANCIAL STATEMENTS YEAR ENDED 30 April 2021 CONTENTS PAGE Members of the Board and professional advisers Trustees Annual Report Siatement of financial activities Balance sheet Notes to the financial statements 9-12 The following pages do not lorni part of the financlal statements EAST RIDING COMMUNITY FOUIYDATION TRUST MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Reglstrred charity name TRUST EAST RIDING COMMUNITY FOUNDATION Charlty number 1187156 Operation addre 66 Myrtlc Way BROUGH HU15 ISR Trustees Mr Waqar Khan Dr Saad Kalim Mr Ismail El-sharkaThy Dr Muhammad Jawtsid Akbar Dr Aril Allmed Jamali Mr Ibrar Ali Kh2n Management Committee member$ Mr Waqar Khan Bankers HSBC 34 Jameson Street Hull HUI 3JX EAST RIDING COMMUNITY FOUNDATION TRUST TRUSTEES AIYIYUAL REPORT YEAR ENDED 30 April 202] The trustees have pleasure in presenting their report and the financial stst¢D]cllts of th¢ chuity for the ye2r ¢nded 30 April 2021 REFERENCE AND ADMINISTRATIVE DETAILS Reference and administrative details are shown in th¢ sch¢dule of mernber5 of the knard and professional advis¢rs on page l of the financial statements. THE TRUSTEFS The tmstees who seThed the charity dur￿n8 th¢ pffliod were as follows: Mr Waqar Kban Dr Saad Kalim Mr Ismail El-sharkawy Dr Muhdmmad Jawaid Akbar MT Afil Ahmed Jamali Mr Ibtsr Ali Khan LaDguag¢ ela$$ teA¢hSng L&nguage Classes for the young continued throughout the year with covld SOPS. OTHER ACTIVITIES R¢li¢f of poverty Provision of food bank and fun￿31 services Provision of facilitating community development in the Borougb of Elloughton (EASt Rising of Yorkshire} To advance the education. particularly by the provision of languag¢ classes supplementary school for the LOII]DIUDity To advance community's cohesion and interfaith hamiony. RESULTS Th¢ r¢sulis for th¢ year ar¢ shown on page 6. The progress during the year and the position at the year end is considered to be satisfactory. RISK REVtEW The TNstees have conducted their own review of the major risks to which thc Charity is exposed and stcp$ h2vc bccn initiatcd to minimi$c thc idcntificd risks. Ail functions of the Charity are subj¢¢ted to periodic review resulting in a proces$ of ongoing itnprovement. RESPOSIBILITIES OF THE TRUSTEES The chaTity's I￿￿teeS are responsible for preparing th¢ Trust¢cs Annual Report and the financial statements in accordance with applicable law and United Kingdom A￿O￿Lting Standards (United KingdoJn Generally Accepted Accounting Practice). Th¢ law appiicable to ch￿ItieS in Englamd and Wales requires the t￿￿tee8 to pyepare financial statements for each financial which give 2 trne and fair vi¢w of th¢ statc of affaiTS of the charity and of the incoming resources and applicalion of resourctg of the charity for period. In pr¢paring these fillancial staleillents, the trustees are required to.. EAST RIDING COMMUNITY FOUNDATIOIY TRUST TRUSTEES ANNUAL REPORT YEAR ENDED 30 Aprll 21121 RESPOSIBILITIES OF THE TRUSTEES ( Selcct Sultable accounling policies and then apply them consisteDtIyJ Obs¢rv¢ the m¢thods and ptin¢ipl¢s in the Charities SORP. Moke judgements Jnd estimates that are reasonable and prLthnt,' State whcther applicable accounting standards have beett followed, subj¢ct to any material Departures disclosed and ¢xplain¢d in th¢ fina￿la1 stat¢m¢nts' Prepare the financial statements ort the going concern basis unless it is irÈappropriate to presume that the charity will continue in operation. The trustees are re6wnsible for keeping proper accounting records that disclose with rv&sonable accuracy at any time ihe financial position of the charity and enable them to ¢nsur¢ that th¢ fiDan¢ial statements comply with the Charities Act 1993 and the Clwity (Accounts and Reports) Regulations 2008. The trnstees aTe albo r¢spon$ibl¢ for $af¢guarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Mr Waqar i(han Trustee 20- January 2022 ## **East Riding Community Foundation Trust STATEMENTS OF FINANCIAL ACTIVITIES For The Year Ending 30 April 2021** |Note
**INCOMING RESOURCES**
Incoming resources from generating funds:
Voluntary income
2
**TOTAL INCOME RESOURCES**
**RESOURCES EXPENDED**
Cost of generating funds:
Cost of generating voluntary income
6
**TOTAL RESOURCES EXPENDED**
**NET INCOMING RESOURCES FOR THE YEAR**
12
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**funds 2021**
229,868.70|**Total Funds**
**2021**
229,868.70| |---|---|---| ||229,868.70|229,868.70| ||5,212.32|5,212.32| ||5,212.32|5,212.32| ||224,656.38
-|224,656.38
-| ||224,656.38|224,656.38| The Statements of Financial Activities include all gain and losses in the year and therefore a statement of total recognised gains and losses has not been prepared All of the above amount relates to continuing activities ## **East Riding Community Foundation Trust Balance Sheet For The Year Ending 30 April 2021** |**Note**
**FIXED ASSETS**
Land & Building
14
**CURRENT ASSETS**
Stock
15
Debtors
16
Cash at bank and in hand
17
**Total Current Assets**
**Total Assets**
**CREDITORS: Amounts falling due within one year**
18
**NET CURRENT Liabilities**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS: Amounts falling due after one year**
19
**NET ASSETS**
**FUNDS**
Reserve
Unrestricted income funds
**TOTAL FUNDS**|**£**
**2021**| |---|---| ||-
-
-
225,356.38
**225,356.38**
**225,356.38**
700.00| ||**700.00**| ||**224,656.38**
-| ||**224,656.38**| ||224,656.38| ||**224,656.38**| ||-| These financial statements were approved by the members of the committee on the …...................and were signed on their behalf by: ## **East Riding Community Foundation Trust NOTES TO THE FINANCIAL STATEMENT For The Year Ending 30 April 2021** ## **BASIS OF ACCOUNTING** The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, the Statement of Recommended Practice "Accounting and Reporting by Charities" issued in March 2005 (SORP 2005) and the Charities Act 1993. ## **FIXED ASSETS** All fixed assets are initially recorded at cost. ## **DEPRECIATION** Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of th ## **STOCKS** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **2 Voluntary Income** **2021 INCOMING RESOURCES VOLUNTARY INCOME** Donations- Construction fund Donations collected for others, and functions Collection for purchase of property General donation 229,868.70 Madrassa collection **TOTAL INCOMING RESOURCES 229,868.70** ## **3 COST OF GENERATING VOLUNTARY INCOME** **Restricted funds Total Funds 2021** Salaries 1,797.50 Professional Fees 1,050.00 Misc Expense 490.82 Accountinh Fee 700.00 Rent / Council 1,174.00 **Cost of generating income 5,212.32 12 NET INCOMING RESOURCES FOR THE YEAR 2021** This is stated after charging: 224,656.38 Depreciation Auditors' remineration: > audit of the financial statement ## **12 NET INCOMING RESOURCES FOR THE YEAR** ## **East Riding Community Foundation Trust NOTES TO THE FINANCIAL STATEMENT For The Year Ending 30 April 2021** ## **14 TANGIBLE FIXED ASSETS** **----- Start of picture text -----**
Freehold Computer Freehold Computer Fixtures &
property equipment property equipment Fittings Motor Vehicles Total
COST
- - -
At 1 May 2020
Additions - - -
At 30 APR 2021 - - -
DEPRECIATION
At 1 May 2020
Charge for the year
At 30 APR 2021
NET BOOK VALUE
- - -
At 1 May 2020
At 30 APR 2021 - - -
**----- End of picture text -----**
## **East Riding Community Foundation Trust NOTES TO THE FINANCIAL STATEMENT For The Year Ending 30 April 2021** |**15**|**STOCK**|| |---|---|---| |||**2021**| ||Stock|| |**16**|**DEBTORS**|| |||**2021**| ||Sundry Debtors- Rent|| ||Other debtors-|| ||Gift Aid Tax Rebate|| ||Prepayments and accrued|| |||| |**17**|**CASH AT BANK AND IN HAND**|| |||**2021**| ||Islamic Bank Of Britain|| ||Barclays current account|225,356.38| ||Cash In Hand|| |||**225,356.38**| |**18**|**CREDITORS: Amount falling due within one year**|| |||**2021**| ||Bank Loans and Overdraft|| ||Outstanding Zakat and Fitra Distribution|| ||Other Creditors|700.00| ||Accruals|| |||700.00| **2021** ## **East Riding Community Foundation Trust NOTES TO THE FINANCIAL STATEMENT For The Year Ending 30 April 2021** ## **19 CREDITORS: Amount falling due after more than one year** Bank loan and overdrafts ## **20 RESTRICTED INCOME FUNDS** Restricted Funds |**Balance at**|**Incoming**
**resources**|**Incoming**
**resources**|**Balance at 31**| |---|---|---|---| |**1 April**
**2019**|||| ||||**March 2021**| ## **21 UNRESTRICTED INCOME FUNDS** |General Funds|**1 April**
**2019**
-|**Incoming**
**resources**
224,656.38|**Incoming**
**resources**|**Balance at 31**
**March 2021**
224,656.38| |---|---|---|---|---| ||**-**|**224,656.38**|**-**|**224,656.38**| ## **23 RELATED PARTY TRANSACTIONS** During the year the Charity was under the control of Trustees and Management Committee members as listed on page 1. None of the trustee or management committee member were remunerated or paid any expenses. However, they used the facilities offered by the Charity for performance of their religious duties like other memebers of the Muslims community