REGISTERED CHARITY NUMBER: 1188890 ort of the Truslees and Unaudited Financial Statements for the Year Ended 31 March 2024 for uilfords Foundation cio
uilfords Foundation cio Contents of the Financial Statements for the Year Ended 31 March 2024 Page Reference and Adminislrative Details Report of the Trustees Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements Detailed Statement of Financial Activities
uilfords Foundation cio Referen and Administrative Details for the Year Ended 31 March 2024 TRUSTEES Mr Askir Ali Ms Nurjahan Begum PRINCIPAL ADDRESS 40 Greenleafe Drive Ilford Essex IG6 1LL REGISTERED CHARITY NUMBER 1188890 CHARITY INCORPORATION CE021394 NO Page 1
uilfords Foundation cio ort of the Trustees for the Year Ended 31 March 2024 The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 lief 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 neSsIt1es, water wells, food packages, educational resources, sanitation systems and medical needs. FINANCIAL REVIEW Funds The charity reiVed donations totalling £12,050 (2023.. £10,900). After payments of outgoing expenses totalling £11,882 (2023.. £10,472), the charity was left with a surplus of £168 (2023.. surplus of £428) for Ihe year. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Quilfords Foundation {CIO) is an incorporated entity govemed under a Constitution of a Charitable Incorporated Organisation. Approved by order of the board of trustees on 10 January 2025 and signed on its behalf by.. Mr Askir Ali - Trustee Page 2
uilfords Foundation cio Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Unrestricted fund 31.3.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 12,050 10,900 EXPENDITURE ON Charitable activities Project 11,882 10,472 NET INCOME 168 428 RECONCILIATION OF FUNDS Total fund5 brought forward 1,069 641 TOTAL FUNDS CARRIED FORWARD 1,237 1,C69 The notes form part of these financial statem8nts Page 3
Quilfords Foundation cio Statement of Financial Posilion 31 March 2024 31.3.24 Unrestricted fund 31.3.23 Totsl funds Notes CURRENT ASSETS Cash at bank 1,237 1,(E9 NET CURRENT ASSETS 1,237 TOTAL ASSETS LESS CURRENT LIABILITIES 1,237 1,069 NET ASSETS 1,237 1,069 FUNDS Unrestricted funds 1,237 TOTAL FUNDS 1,237 1,C69 The financial ststements were approved by the Board of TNstees and authorised for issue on 10 January 2025 and were signed on its behalf by.. Mr Askir Ali - Trustee The notes fomi part of these financial statements Page 4
uilfords Foundation cio Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit enlity 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 IFRS 102) (effective 1 January 20191,, 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 expenditu, 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 arualS basis and has been classified under headings that aggregate all cost related to the category. ere 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.
uilfords Foundalion cio Notes to the Financial Statements- continued for the Year Ended 31 March 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no twstees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Project 10,472 NET INCOME 428 RECONCILIATION OF FUNDS Total funds brought foNard 641 TOTAL FUNDS CARRIED FORWARD 1,069 MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 1,C69 168 1,237 TOTAL FUNDS 1,C69 168 1,237 Page 6 continued..
uilfords Foundation cio Notes to the Financial Statements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS - continued Net movement in funds, in¢luded in the above are as follows- Incoming resources Resources Movement expended in funds Unrestricted funds General fund 12,050 (11,882) 168 TOTAL FUNDS 12,050 11.882) 168 Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 641 428 1,Cfj9 TOTAL FUNDS 641 428 1.C69 Comparative net movement in fvnds, included in the above are as follows- Incoming resources Resources Movement expended in funds Unrestricted funds General fund 10,900 (10,472) 428 TOTAL FUNDS 10,900 10,472) 428 Page 7 ¢ontinued...
uilfords Foundation cio Notes to the Financial Ststements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 641 1,237 TOTAL FUNDS 641 1,237 A cuent year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows- Incoming Resources Movement resOUrS expended in funds Unrestricted funds General fund 22,950 (22,354) 596 TOTAL FUNDS 22,950 22,354) 598 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 8
uilfords Foundation cio Detailed Ststement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Donations 12,050 10,900 Total incoming resources 12,050 10,900 EXPENDITURE Charitable activities Professional fee Event expenses Flood Ramadan Education Housing Medical Waterwell Zakat 1,000 1,382 1,000 1,450 1,480 3,160 200 2,000 3,008 2,174 500 1,000 4,000 11,882 10,472 Total resources expended 11,882 10,472 Net income 168 428 This pag8 does not fomi part of the statutory financial statements Page 9