Charity registration number: 1188890
QUILFORDS FOUNDATION(CIO) TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2025
Quilfords Foundation(CIO) Contents
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5—6 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 7 |
Quilfords Foundation(CIO) Reference and Administrative Details For The Year Ended 30 March 2025
| Trustees | Mr Askir Ali - Chair |
|---|---|
| Mrs Nurjahan Begum - Trustee | |
| Charity Number | 1188890 |
| Principal Address | 40 Greenleafe Drive |
| Ilford | |
| IG6 1LL |
Page 1
Quilfords Foundation(CIO) Trustees' Report For The Year Ended 30 March 2025
The trustees present their report and the financial statements for the year ended 30 March 2025.
Objectives and Activities
Aims and Objectives
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
Financial Position
The charity received donations totalling £16,650 (2024: £12,050). After payments of outgoing expenses totalling £16,802 (2024: £11,882), the charity was left with a deficit of £152 (2024: surplus of £168 ) 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.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Askir Ali Trustee 07/01/2026
Page 2
Quilfords Foundation(CIO) Statement of Financial Activities For The Year Ended 30 March 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies EXPENDITURE ON: Charitable activities: 2 Charitable activities NET (EXPENDITURE)/INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 4 |
2025 Unrestricted funds £ 16,650 |
2024 Unrestricted funds £ 12,050 |
|---|---|---|
| (16,802) | (11,882) | |
| (152) | 168 | |
| (152) 1,238 |
168 1,070 |
|
| 1,086 | 1,238 |
The notes on pages 5 to 6 form part of these financial statements.
Page 3
Quilfords Foundation(CIO) Statement of Financial Position As At 30 March 2025
| Notes CURRENT ASSETS Cash at bank and in hand NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 4 |
2025 Unrestricted funds £ 1,086 |
2024 Total funds £ 1,238 |
|---|---|---|
| 1,086 1,086 |
1,238 1,238 |
|
| 1,086 | 1,238 | |
| 1,086 | 1,238 | |
| 1,086 | 1,238 | |
| 1,086 | 1,238 |
The financial statements were approved by the board of trustees and authorised for issue on 7 January 2026 and were signed on its behalf by:
Mr Askir Ali
Trustee
The notes on pages 5 to 6 form part of these financial statements.
Page 4
Quilfords Foundation(CIO) Notes to the Financial Statements For The Year Ended 30 March 2025
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements 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.
The charity is a Public Benefit Entity as defined by FRS 102.
1.2. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.
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.
1.3. Incoming Resources
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.
1.4. Resources Expended
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.
1.5. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
2. Analysis of Expenditure
| Charitable activities Charitable activities |
2025 Activities undertaken directly £ 16,802 |
|---|---|
| 2024 Activities undertaken directly £ 11,882 |
3. Average Number of Employees
Average number of employees during the year was: NIL (2024: NIL)
Page 5
Quilfords Foundation(CIO) Notes to the Financial Statements (continued) For The Year Ended 30 March 2025
4. Movement in Funds
| . Movement in Funds |
||||
|---|---|---|---|---|
| Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 31 March 2024 £ 1,238 |
Income £ 16,650 |
Expenditure £ (16,802) |
As at 30 March 2025 £ 1,086 |
| 1,238 | 16,650 | (16,802) | 1,086 | |
| As at 31 March 2023 £ 1,070 |
Income £ 12,050 |
Expenditure £ (11,882) |
As at 30 March 2024 £ 1,238 |
|
| 1,070 | 12,050 | (11,882) | 1,238 |
5. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
6. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
Page 6
Quilfords Foundation(CIO) Detailed Statement of Financial Activities For The Year Ended 30 March 2025
| INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts EXPENDITURE ON: Charitable Activities: Charitable activities Ramadan Education expenses Housing expenses Medical Flood Zakat Charitable donation Event expenses NET (EXPENDITURE)/INCOME |
2025 Total funds £ 16,650 |
2024 Total funds £ 12,050 |
|---|---|---|
| 16,650 | 12,050 | |
| 16,650 (865) - (6,257) - (780) (4,900) (4,000) - |
12,050 (2,000) (3,008) (2,174) (500) - (4,000) - (200) |
|
| (16,802) | (11,882) | |
| (16,802) | (11,882) | |
| (152) | 168 |
Page 7