**REGISTERED CHARITY NUMBER: 1188890** 

## Report of the Trustees and 

Unaudited Financial Statements for the Period 3 April 2020 to 31 March 2021 

for 

Quilfords Foundation (CIO) 



Quilfords Foundation (CIO) 

Contents of the Financial Statements for the Period 3 April 2020 to 31 March 2021 

||Page|
|---|---|
|Reference and Administrative Details|1|
|Report of the Trustees|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to the Financial Statements|5 to  7|
|Detailed Statement of Financial Activities|8|





Quilfords Foundation (CIO) 

Reference and Administrative Details for the Period 3 April 2020 to 31 March 2021 

|**TRUSTEES**|Askir Ali (appointed 3.4.20)|
|---|---|
||Musa Ali (appointed 3.4.20) (resigned 7.1.22)|
||Ms Nurjahan Begum (appointed 3.4.20)|
|**PRINCIPAL ADDRESS**|40 Greenleafe Drive|
||Ilford|
||Essex|
||IG6 1LL|
|**REGISTERED CHARITY**|1188890|
|**NUMBER**||
|**CHARITY INCORPORATION**|CE021394|
|**NO**||



Page 1 



Quilfords Foundation (CIO) 

## Report of the Trustees 

## for the Period 3 April 2020 to 31 March 2021 

The trustees present their report with the financial statements of the charity for the period 3 April 2020 to 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

For the public benefit and relief of those in need by reason of youth, age, ill-health, disability, social or economic disadvantage in particular but not exclusively, by coordinating and developing services such as providing basic necessities, water wells, food packages, educational resources, sanitation systems and medical needs. 

## **FINANCIAL REVIEW** 

## **Funds** 

The charity received donations totalling £11,356. After payments of outgoing expenses totalling £10,405, the charity was left with a surplus of £951 for the year. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

Quilfords Foundation (CIO) is an incorporated entity governed under a Constitution of a Charitable Incorporated Organisation. 

Approved by order of the board of trustees on 2 February 2022 and signed on its behalf by: 


Askir Ali - Trustee 

Page 2 



|Quilfords Foundation (CIO)|||
|---|---|---|
|Statement of Financial Activities|||
|for the Period 3 April 2020 to 31 March|2021||
|||Unrestricted|
|||fund|
||Notes|£|
|**INCOME AND ENDOWMENTS FROM**|||
|Donations and legacies||11,356|
|**EXPENDITURE ON**|||
|Raising funds|2|822|
|**Charitable activities**|||
|Project||9,583|
|**Total**||10,405|
|**NET INCOME**||951|
|**TOTAL FUNDS CARRIED FORWARD**||951|



The notes form part of these financial statements 

Page 3 



Quilfords Foundation (CIO) 

|Balance Sheet|||
|---|---|---|
|31 March 2021|||
|||Unrestricted|
|||fund|
||Notes|£|
|**CURRENT ASSETS**|||
|Cash at bank||1,451|
|**NET CURRENT ASSETS**||1,451|
|**TOTAL ASSETS LESS CURRENT**|||
|**LIABILITIES**||1,451|
|**ACCRUALS AND DEFERRED INCOME**4||(500)|
|**NET ASSETS**||951|
|**FUNDS**|5||
|Unrestricted funds||951|
|**TOTAL FUNDS**||951|



The financial statements were approved by the Board of Trustees and authorised for issue on 2 February 2022 and were signed on its behalf by: 


Askir Ali - Trustee 

The notes form part of these financial statements 

Page 4 



Quilfords Foundation (CIO) 

## Notes to the Financial Statements 

for the Period 3 April 2020 to 31 March 2021 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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. 

## **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. 

Page 5 

continued... 



Quilfords Foundation (CIO) 

## Notes to the Financial Statements - continued 

## for the Period 3 April 2020 to 31 March 2021 

## **2. RAISING FUNDS** 

## **Raising donations and legacies** 

|Charity registration fee<br>Professional fee<br>Support costs|£<br>500<br>300<br>22<br>822|
|---|---|



## **3. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the period ended 31 March 2021. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the period ended 31 March 2021. 

## **4. ACCRUALS AND DEFERRED INCOME** 

||£|
|---|---|
|Accruals and deferred income|500|



## **5. MOVEMENT IN FUNDS** 

||Net||
|---|---|---|
||movement|At|
||in funds|31.3.21|
||£|£|
|**Unrestricted funds**|||
|General fund|951|951|
|**TOTAL FUNDS**|951|951|



Net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**|Incoming<br>Resources Movement<br>resources<br>expended<br>in funds<br>£<br>£<br>£<br>11,356<br>(10,405)<br>951<br>11,356<br>(10,405)<br>951|
|---|---|



Page 6 

continued... 



Quilfords Foundation (CIO) 

Notes to the Financial Statements - continued for the Period 3 April 2020 to 31 March 2021 

## **6. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the period ended 31 March 2021. 

Page 7 



Quilfords Foundation (CIO) 

Detailed Statement of Financial Activities for the Period 3 April 2020 to 31 March 2021 

|**INCOME AND ENDOWMENTS**<br>**Donations and legacies**<br>Donations<br>Gift aid<br>**Total incoming resources**<br>**EXPENDITURE**<br>**Raising donations and legacies**<br>Charity registration fee<br>Professional fee<br>**Charitable activities**<br>Education<br>Housing<br>Medical<br>Water well<br>**Support costs**<br> **Finance**<br>Bank charges<br>Total resources expended<br>**Net income**|£<br>10,456<br>900<br>11,356<br>11,356<br>500<br>300<br>800<br>500<br>6,290<br>200<br>2,593<br>9,583<br>22<br>10,405<br>951|
|---|---|



This page does not form part of the statutory financial statements 

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