EAST RIDING COMMUNITY FOUNDATION TRUST FINANCIAL STATEMENTS
FOR 30 April 2023
Charity Number 1187156
EAST RIDING COMMUNITY FOUNDATION TRUST
FINANCIAL STATEMENTS
YEAR ENDED 30 April 2023
CONTENTS PAGE
| CONTENTS PAGE | |
|---|---|
| Members of the Board and professional advisers | 3 |
| Trustees Annual Report | 4-5 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9-12 |
The following pages do not form part of the financial statements
EAST RIDING COMMUNITY FOUNDATION TRUST
MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS
Registered charity name TRUST
EAST RIDING COMMUNITY FOUNDATION
Charity number 1187156
Operation address
Trustees
6 Common Lane, Brough HU15 1PT Mr Waqar Khan Dr Saad Kalim Mr Ismail El-sharkawy Dr Muhammad Jawaid Akbar Dr Afil Ahmed Jamali Mr Ibrar Ali Khan
Management committee members
Mr Waqar Khan
Bankers
HSBC 3-4 Jameson Street Hull HU1 3JX
EAST RIDING COMMUNITY FOUNDATION TRUST
TRUSTEES ANNUAL REPORT
YEAR ENDED 30 April 2023
The trustees have pleasure in presenting their report and the financial statements of the charity for the year ended 30 April 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 1 of the financial statements.
THE TRUSTEES
The trustees who served the charity during the period were as follows:
Mr Waqar Khan Dr Saad Kalim Mr Ismail El-sharkawy Dr Muhammad Jawaid Akbar Mr Afil Ahmed Jamali Mr Ibrar Ali Khan
Language class teaching
Language classes for the young continued throughout the year with covid SOPS.
OTHER ACTIVITIES
Relief of poverty Provision of food bank and funeral services
Provision of facilitating community development in the Borough of Elloughton (East Rising of Yorkshire)
To advance the education, particularly by the provision of language classes and supplementary school for the community
To advance community’s cohesion and interfaith harmony.
RESULTS
The results for the year are shown on page 6. The progress during the year and the position at the year end is considered to be satisfactory.
RISK REVIEW
The Trustees have conducted their own review of the major risks to which the Charity is exposed and steps have been initiated to minimise the identified risks. All functions of the Charity are subjected to periodic review resulting in a process of ongoing improvement.
RESPOSIBILITIES OF THE TRUSTEES
The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
EAST RIDING COMMUNITY FOUNDATION TRUST
TRUSTEES ANNUAL REPORT (continued)
YEAR ENDED 30 April 2023
RESPOSIBILITIES OF THE TRUSTEES (continued)
-
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles in the Charities SORP;
-
Make judgements and estimates that are reasonable and prudent;
-
State whether applicable accounting standards have been followed, subject to any material
-
Departures disclosed and explained in the financial statements;
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the trustees
........................................................ Mr Waqar Khan Trustee
20[Th] January 2023
East Riding Community Foundation Trust MANAGEMENT INFORMATION For The Year Ending 30 April 2023
The following pages do not form part of the statutory financial statements
East Riding Community Foundation Trust STATEMENTS OF FINANCIAL ACTIVITIES For The Year Ending 30 April 2023
| INCOMING RESOURCES Note Incoming resources from generating funds: Voluntary income 2 TOTAL INCOME RESOURCES RESOURCES EXPENDED Cost of generating funds: Cost of generating voluntary income 3 Depreciation TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES FOR THE YEAR 4 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds 2023 180,946.17 |
Total Funds 2023 180,946.17 180,946.17 77,848.58 487.11 78,335.69 102,610.48 - 102,610.48 |
Unrestricted funds 2022 40,534.32 |
Total Funds 2022 40,534.32 40,534.32 |
|---|---|---|---|---|
| 180,946.17 | 40,534.32 | |||
77,848.58 487.11 |
21,467.19 811.83 |
21,467.19 811.83 |
||
| 78,335.69 | 22,279.02 | 22,279.02 | ||
102,610.48 - |
18,255.30 - |
18,255.30 - |
||
| 102,610.48 | 18,255.30 18,255.30 |
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 2023
| Note £ 2023 FIXED ASSETS Land & Building 13 520,000.00 Computer Equipment 13 217.79 Fixture & Fittings 13 2,451.69 CURRENT ASSETS Stock Debtors - - Cash at bank and in hand 7 67,002.69 Total Current Assets 589,672.17 Total Assets 589,672.17 CREDITORS: Amounts falling due within one year 8 2,150.00 NET CURRENT Liabilities 2,150.00 TOTAL ASSETS LESS CURRENT LIABILITIES 587522.17 CREDITORS: Amounts falling due After one year 242,000.00 NET ASSETS 345,522.17 FUNDS Reserve Profit BF 242,911.68 Unrestricted income funds 102,610.48 TOTAL FUNDS 345,522.16 - |
£ 2023 |
£ 2022 |
|---|---|---|
| 531,585.80 272.24 2,884.34 - - 59,569.30 594,311.68 594,311.68 1,400.00 |
||
| 2,150.00 | 1,400.00 | |
| 587522.17 242,000.00 |
592,911.68 350,000.00 |
|
| 345,522.17 | 242,911.68 | |
| 242,911.68 102,610.48 |
224,656.38 18,255.30 |
|
| 345,522.16 | 242,911.68 | |
| - | - |
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 2023
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 that asset.
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
| ary Income | ||
|---|---|---|
| INCOMING RESOURCES VOLUNTARY INCOME Donations- Construction fund Donations collected for others, and functions Collection for purchase of property General donation Madrassa collection TOTAL INCOMING RESOURCES |
2023 | 2022 |
| 180946.17 180946.17 |
40534.32 40,534.32 |
3 COST OF GENERATING VOLUNTARY INCOME
| OF GENERATING VOLUNTARY INCOME | |
|---|---|
| Salaries Professional Fees Direct Cost Insurance Computer Expense Bank Charges Postage and Stationary Repair & Maintenance Utilities Misc Expense Accountinh Fee Rent / Council Cost of generating income |
Restricted funds Total Funds 2022 Restricted funds Total Funds 2022 |
| 5,440.00 3,210.00 14,586.80 230,74.97 729.69 622.09 1108.00 260.00 62.40 40.00 530.48 21851.71 10,199.76 1829.01 177.84 1500.00 5,583.02 750.00 700.00 6916.00 144.00 77,848.58 21,467.19 |
4 NET INCOMING RESOURCES FOR THE YEAR
| COMING RESOURCES FOR THE YEAR | ||
|---|---|---|
| 2023 | 2022 | |
| This is stated after charging: | 103,097.59 | 19,067.13 |
| Depreciation | 487.11 | 811.83 |
| Auditors' remineration: | ||
| > audit of the financial statement |
East Riding Community Foundation Trust NOTES TO THE FINANCIAL STATEMENT For The Year Ending 30 April 2023
5 STOCK
6 DEBTORS
Stock
| 2023 | 2022 |
|---|---|
| 2023 | 2022 |
Sundry Debtors- Rent Other debtorsGift Aid Tax Rebate Prepayments and accrued
7 CASH AT BANK AND IN HAND
| HSBC : Amount falling due within one year Bank Loans and Overdraft Outstanding Zakat and Fitra Distribution Other Creditors Accruals |
2023 2022 |
|---|---|
| 67,002.69 59,569.30 |
|
| 67,002.69 59,569.30 |
|
| 2023 2022 |
|
| 2,150.00 1400.00 |
|
| 2,150.00 1400.00 |
8 CREDITORS: Amount falling due within one year
East Riding Community Foundation Trust NOTES TO THE FINANCIAL STATEMENT
For The Year Ending 30 April 2023
9 CREDITORS: Amount falling due after more than one year
----- Start of picture text -----
2023 2022
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Bank loan and overdrafts
10 RESTRICTED INCOME FUNDS
| Balance at 1 May 2022 |
Incoming resources |
Incoming resources |
Balance at 30 |
|---|---|---|---|
| April 2023 |
----- Start of picture text -----
Restricted Funds
----- End of picture text -----
11 UNRESTRICTED INCOME FUNDS
General Funds
| Balance at 1 May 2022 242,911.68 |
Incoming resources 102,610.48 |
Incoming resources |
Balance at 30 April 2023 345,522.16 |
|---|---|---|---|
| 242,911.68 | 102,610.48 | - | 345,522.16 |
12 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
East Riding Community Foundation Trust NOTES TO THE FINANCIAL STATEMENT For The Year Ending 30 April 2023
13 TANGIBLE FIXED ASSETS
| ED ASSETS | ||||
|---|---|---|---|---|
| Freehold | Computer | Fixtures & | ||
| property | equipment | Fittings | ||
| COST | ||||
| At 1 May 2022 | 531,585.80 | 362.98 | 3,605.43 | - |
| Disposal | 11,585.80 | |||
| Additions | 362.98 | 3,605.43 | ||
| At 30 APR 2023 | 520,000.00 | 362.98 | 3,605.43 | |
| DEPRECIATION | ||||
| At 1 May 2022 | 90.75 | 721.09 | ||
| Charge for the year | 54.46 | 432.65 | ||
| At 30 APR 2023 | - | 145.19 | 1153.74 | |
| NET BOOK VALUE | ||||
| At 1 May 2022 | - | - | ||
| At 30 APR 2023 | 520,000.00 | 217.79 | 2,451.69 |
EAST RIDING COMMUNITY FOUNDATION TRUST DETAIL STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2023
| INCOMING RESOURCES VOLUNTARY INCOME Donations- Construction fund Donations collected for others, and functions Collection for purchase of property General donation Madrassa collection INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Tax recovered under Gift Aid TOTAL INCOMING RESOURCES RESOURCES EXPENDED COSTS OF GENERATING VOLUNTARY INCOME Donations and other collections Funeral expenses and Van expenses FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS Cost of sales- Opening stock Cost of sales- Purchases Cost of sales- Closing stock Staff costs- Wages & Salaries INVESTMENT MANAGEMENT COST Expenses |
2023 2022 180,946.17 229,868.70 |
|---|---|
| 180,946.17 229,868.70 |
|