REGISTERED COMPANY NUMBER: CE021807 (England Wsle5) REGISTERED CHARITY NUMBER: 1189429 REPORT OF THE TRUSTEES AND UNAUDITED Fif4ANCIAL STATF.MENT R THF. YF.AR F.NDF.D 1ST MAY 2024 FOR F,LIAS MATTU FO NDATION CIO rrench l.udlam & Co Limitcd Mountf1eld 14ou8e 661 I li Street King%winford West Midland5 DY6 8AL
ELIAS MATTU FOUNDATION CIO cor4TEf4TS OFTHE FINANCIAL STATEMENTS FOR THE YEAR EJYDED 31ST MAY 2024 Page Report of the Trustees ldependent ExMmlDer's Report S¢Aiement of Flnan¢lg1 Actlvltles Slal¢m¢nl of Flnin¢lal Posltlo Not¢5 to the Flnan¢lal Si*l¢m¢tsts Detalled StlltemeDt of Financial Activities 12
LIAS MATTU FOUNDATION io REP RT FTFIF. TRU ND TEE The trustees who are also directors of ihe chariiy for the purposes of the Companies Act 2006, present their report with the rmancial stdtements of the charity for the year ended 31 st May 2024. The trustees have adopted the provissons of Acc(Trunting and Reporting by Charilies.. Statemenl of Recommended Practice applicable to Lharilies preparin their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (¢ffe¢iiv¢ I January 2019). O&IECTIVF.S AND ACTIVITIES Objectives and aim5 The purpose of the cl)arity is to help relieve thos¢ in nc¢d by reason of youth, age, ill-health, disability, finqncial hardship or other disadvaniage in the UK. Publlc benefit -The charity provides cloihes and food io those in need in the community. Th¢ trusi¢¢g have had rebiard to Charity Commission UTuidanLe on publiu bencfil. STRIICTURF., C.OVEKNANCE AND MANAGF.MF.NT GoverninR dneumcnt Th¢ ¢hllrity is conirolled by its goveming document, a deed ol-rru%t, and constitutes a limited company, limited by guaranie¢. as defined by the Companies Act 2006. RF.FERENCE AND ADMINI.STRATIVE DETAILS R¢%i51ered Cump¥ny nvmber CF.021807 ILnb)land dnd Walcsl ReLvistertd Chgrlty number 1189429 Registered offi¢e 8 Owen Road Pennlields Wolverhamplort W¢5t Mbdlands WV3 OFIP Trustees Mrs A M Matlu Miss M K Sidhu P Rih Independent Examincr French I,iidlam & C.0 l.imit¢d Moiintficld I Inusc 061 High Sireet Kingswinford Wcst Midlands DY6 BAL and Signed on it5 bchalf by..
ELIAS MATTU FO NDATION CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2024 A M Mottu- Trustee Pag¢ 2
INDEPENDEwf EXAMII4ER'S REPORT TO THE TRUSTEES OF ELIAS MATTU FOUNDATION CIO Independent examiner's report to the trustees of Eli#s Ma¢tu Fnund*tion CIO ('the CTrmp&ny') I report to the eharity trustees on my examination of the accounts of the Company for the year ended 31 st fvlay 2024. R¢spnn5ibllities gnd basi5 of r¢port As the chariry's tnlslees of Ihe Company (and also its direetOTS for the pvrp05es of company law) you are responsible for the prcparation of the accounts in accoTdancc wirh the requirements of the Companies Act 20061'thc 2006 Art'l. I laving satiEfi¢d myself that the accounts of the Comrtrany are not required lo be audited under Part 16 of the 2006 Act and are eligTible for independent examination, I report in respect of my ¢xamination of your charity's accounts as carried out under Scclion 145 ofthc Charities Act 2011 {'the 201 l A¢t'}. In carrying out my examination I have followed the Directions given by ihe Charily Commission under Section 145{51 Ibl ot'the 201 l Act. Ind¢ptndent examlner's $tAtement I have compleied my examiiiation. I confimi that no motters have come lo my allention in conne¢lion with the exAminaiion givingi Tn¢ ¥JUSe to b¢li¢ve'. a¢counling records were not kept in resp¢el of the Company Js required by Section 380 of the 2000 Ad; or the accounts do not accord with those records; or thc accounts do not comply with the accountin8 requirements of %ection 396 of ihe 2006 Act other than any rcquircin¢ni ihat the a¢counts givc a truc and fair view whicli is not a Inatter considered a8 Part of bn independent examination. or th¢ a¢coiLnts h&ve not been prepared in aecord&n¢e with the methods and principles of Statem¢nt of Ramn7¢dQd Ilracticf for o¢¢oullling and rcporting hy charilies {applicable to charities preparin8 their accour$15 in accnrdancc with the Financial Reporting.8tandard applieablc in the UK and Republic ot Ireland IFRS 102}1. I havc no coiicem.% and have come acTOSS no other matters in connection with thc cxaminatiijn to which allenlion should bc drawi in this report in ordcr to cnable a pmpcr understandin&T of the a¢coun15 to be reached. John Fullman French Ludlam & Co Limilcd Mountficld I louse 661 High Street Kingswinford West Midlands DY6 8AL Date.. 141L,.- Page 3
ELIAS MArru FOUNDATION CIO STATEMENT OF FINANCIAL ACTIVITIES ORPOIL4TING AN INCOME AND EXPENDITURE ACCOUN FOR THE YEAR ENDED 31ST MAY 2024 IN 2024 Total funds 2023 Total funds Unrestrieted fund Restricted Not INCOME AND ENDOWMENTS FROM Donaiions and legacies 106,897 1116,897 176,494 EXPENDITURE ON Raising tunds 112.168 lJ30 113,498 191,065 NET INCOMEI(EXPENDITURE) (5,271) (la30) {6,601) (14,5711 RECONCILIATION OF FUNDS Total funds brought forward 11,973 lJ30 13,303 27,874 TOTAL FUNDS CARRIED FORWARD 6,702 6,702 13,303 The notes forni part of these f]nancial statements Pa8e 4
ELIAS M TTU FO NDATI STATEMENT OF FINANCIAL POSITION 2024 Tnt41 runds 2023 Tolal fimds Unrestricied fund Restricted fimds Notes FIXF.D ASSETS Tangible assets ,626 1.626 3,733 CURRENT ASSETS Debtors Cash al bank 1,330 8.9JO 6,486 6.486 6.486 6,486 10,260 CRF.DITORS Ainounts falliiig di1¢ within on¢ year (1.41D) (1,4101 (6901 NF.T CURRENT A&iSETS 5,076 5,076 9.570 TOTAL A.SSETS LF.SS CURRENT LIAHILITIF. 6,702 6,702 13.303 NF.T Ak44F.TS 6,702 6,702 13.303 FUNDS Unresiricted fund5 Kc51ri¢iLd lunds 6,702 11,973 1,330 TOTAL FUNDS 6.702 13.303 The charitable company 18 entitled to exemption from audit under S¢¢tion 477 ofthe Companies Aci 2006 for the year ended 31 st May 2024. The mcmbeTS have not rcquircd the company to obtain an audit of it5 finan¢ial statements for the year ended 31 st May 2024 in ¥teeordancc with SeLtion 476 of the Companie5 Act 2006. I'he Iruslees acknowledge their Tespon5ibilities for {¥) en5UTln¥¥ thai Ihe charitable company keeps aceounting records that comply with sections 380 and 387 of the Companie5 Act 2Q06 and preparing financial %talemen¢5 which give a trne and fair view of the stste i)f aif2irs of the eharitsble company as at the end of ¢a¢h financial ycar and of its surplu5 or defiLiI for each financial year in accordance with the requirements Of Sectian8 394 and 395 and which oiherwi5e comply i%'iih the rcquirement5 of the Companies Aci 2006 relating to financial slalements, so far as applicabl¢ to the charitable company. (b) The notes fomi part ofthese financial statements Pa&Fe 5 coniinued...
ELIAS MATTU FOUNDATION CIO STATEMELYT OF FINANCIAL POSITIOJY- continued 31ST MAY 2014 These fmancial staternentg have been prepared in accordance with the provisions applicable to charitable Companies subject to the small Companies Tegime. The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. A M Mattu - TrtJsi¢e M K Sidhu - Trustee P Birch Trustee The noles fotin part ofth¢s¢ fujancial statements Page 6
ELI MATT NDATION TES TO THE FTNANCIAL STATEMENTS FOR THE YF.AR F.NDF.D 31ST MAY 2024 AccourfrJr4G POLICJLS Ilasi4 of preparing the financial statements The financial statements of the chaTltable company, which 15 a public b¢nefit cntity undcT FRS 102, have b¢¢n prepared in accordance with ihe Charities SORP IFRS 1021 'Accounting and Reporting by Charili¢s.' Statement of RecomTnended Practice applicable to chRrities preparing their accounts in avgrdanc¢ with the Financial Reporting Statidard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland, 8nd the Companies A¢t 2006. The linancial Slatetnents have been prepared under the hi5tori¢al c05t Convention. Income All income is recognised in the Ststement of Financial Activities once the charity has entitlement 10 the funds. it is probablc that th¢ inwme will b¢ received and th¢ amount can be measured r¢liably. Expenditure Liabililies are recognised as expenditure as soon as thcre is a legal or consiNctive obligation committing the charity to ihal expenditure. it is probable that a transfer of economic benefits will be required in settleinent and thc amount of11)e obligation c81) b¢ rn¢a5ured r¢liably. Exp¢nditure is a¢¢ount¢d for on an &¢crua15 basis aiid has b¢en classified under headings ihal ag&?rcgatc all cost related to the eate&)ory. WThere costs cannot be directly attributed to particular headin&ib thcy havc bcen alloLa¢ed to %livit1¢5 on a basib COIISi51¢nl with th¢ u5¢ of r¢50WC¢S. TAngibl¢ flxed A$%ets Deprecialion is provided al the following Hnnual rales in order to WTite oft'ea¢h assei over ils estimoied useful life. Computcr equipment- 330/0 Straight I,in¢ Ta%¥tlon The charity is cxcmpt from ¢orpora¢ioD tax on it5 charitable a¢iiviii¢s. Fund gcfountin% Unrrstricled lunds can bc u5cd in accorddnLe with the ¢harit&ble Objective 8t tho dis¢r¢tion of th¢ tru51ces. Resiri¢tcd funds can only be used for particular restricted purposes within the object$ of the ¢harity. R¢strictions arise when specified by the donor or when fund5 ar¢ raised for parti¢ular restrietLd purposes. Hire purchase And le*sing eommltmtnts Renta15 paid und¢r operating leases are Charged to the Sialemeni of Financial Activitie5 on a 5¢raiBht linc basis over the period of the lease. Pag¥ 7 eoi)tinud...
ELIAS MATTU FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS- CODtittued FOR THE YEAR ENDED 31ST MAY 2024 NET INCOMEI(EXPENDITURE) Nd incomeJ{expenditure) i5 stated after chargingl{creditin8)'. 2024 2023 DepTe¢iation - owned asseis Other operaiing leases 2,831 1,200 2,936 12,000 ITrIDEPENDENT EXAMINER'S FEES 2024 2023 F¢es payable io the charity's auditors foT the gudit of the ¢harity's financial Statements 720 660 TRUSTEES, REMUNEIL4TION AND BENEFITS Rent has been paid to Mrs Asha MAttu, trustee. toialling £1,000 during the year. Manjit Sidhu and Asha MAttu had expenses paid by the chariry iotslling £1.625.60 for taxi farcs. COMPARATIVES FOR THE STATEMENTOF FINANCIAL ACTIVITIF.S Unr¢stri¢t¢d fijnd Reslri¢ted fund5 Total runds INCOME AND ENDOWMEIYTS FROM Donations and legacies 164.509 11,985 176,494 EXPENDITURE ON Raising funds 180,393 10.672 191.065 NET INCOMEI(EXPENDITURE) (15,884) (14,571) KECONCILIATION OF FUNDS Toial ndS brought fonvard 27,L157 17 27,874 TOTAL FUNDS CARRIED FORWAR 11,973 1,330 13.303 Page 8 continued...
IAS TI OTES TO THF. FIN continued FOR THE YEAR ENDED 31ST MAY 2024 TANGIBLE FIXF.D ASSETS Computer equipment COST At I si June 2023 Additiuns 8,894 724 At 31 st May 2024 9,618 DEPRF.CIATION At I st.Iiine 2023 Charge for year 5.161 2.831 At 31 st May 2024 7.992 NET BOOK VALUE At 31 st May 2024 1,626 At J I st May 2023 3,733 DEIITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other d¢biors 1,330 CREDITOR,S: AMOUNTS FALLINC DUE WITHIN ONE YEAR 2024 2023 So¢ial sccurity and other taxes Accrued expen4es {29) 1,439 (291 719 1.410 690 MOVEMF.NT IN FUNI)S Nel movement in funds Ai 1.6.23 Al 31.5.24 Unre5¢ri¢ted furtd5 General fund 11,973 (5,2711 6,702 Re5lrlct¢d funds PCC For West Midlands la30 (1,3301 TOTAL FUNDS IJJ03 (6,6011 6,702 cotttiniiA
ELIAS MATTU FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR EJYDED 31ST MAY 2024 MOVEMEl+rr IN FUNDS- eontlDued Net movement in fiuKls, included in the above are as follows.. Incoming resources Re50ur¢es expended Movemeni in funds Unrestricted funds Genernl fid 106,897 (112.168) {5,271) Re$¢ri¢led fndS PCC For West Midlands (1,330) (1,330) TOTAL FUNDS 106,897 {113,498) 16,601) Comp4r4llv¢s for mov¥ment in funds Net movemen¢ in fvnds Ai 1.6.22 At 31.5.23 Uorestricted fund5 General fund 27,857 (15,8841 11,973 Restrlcted futtd$ N&tional Lottery Community Fund PCC For Wes¢ Midlands 17 1,330 1,330 17 1,313 1,330 TOTAL FUNDS 27,874 (14,571) 13,303 Compari¢ive nei movemen¢ in fimds, included in the abov¢ are as follows.. Incoming resources Resourees expend¢d Mov¢m¢nt in fundy Unrestrlcted knnd$ General fid 164,509 {180,393) {15,8841 Restricted fudS National Lottery Community Fund PCC For West Midlands Walsall MBC (17) 18.6701 (1,985) i 0,000 1.985 1,330 11,985 (10,672) ,313 TOT AL FUNDS 176,494 {191,065} 114.571) Pag¢ 10 continu¢d...
ELIAS MATTU FOUNDATION CIO NOTF.S TO THF. FINANCIAL STATF.MF.NTS- CDDlinu¢d FOR THF. YF.AR F.NDED 31ST MAY 2024 MOVCMENT IN FUND.S- eontlnued A current year 12 month5 and prior year 12 months Combined position iy &$ follows.. Net movement in funds At 1.6.22 At 31.5.24 Unrestricted fund5 General fund 27.857 {21,155) 6,702 Restricted fuThd5 NAtional Lottery Community Fund 17 1171 TOTAL FUNDS 27.874 (21.172) 6,702 A CUTrcn( ycar 12 Inonths and priar ycar 12 month5 combincd net movement in funds, includcd in the above are &5 follows.. In¢()ming resources Resourccs expended Movement in fund5 Unrc.4trlcted fund$ General tiind 271,406 (292,561) 121,155) Re%tri¢ted funds Notional Lotlcry Ctsmmuniry fund PCC F(Ir Wc81 Midlands Wo1sAII MBC {17) { i o.oooi (1,985) {17} i 0,000 1,985 11,985 112,002) TOTAL FUNDS 283,391 {304.5631 (21,172) RELATF.D PARTY DISCLO.SURES All transaclion5 Wlth related pat1ies are disc105ed in note 4.
ELIAS MATT FOUNDATION CIO DETAILED STATEMENT OF FINANCIAL A IVITJES FOR THE YEAR ENDED 31ST MAY 2024 2024 2023 INCOME AND ENDOWMEIYTS Dongtions leg*eles Donations Grants 6,897 100.00 176,494 106.897 176,494 Tothl incoming r¢sourees 106.897 176,494 EXPENDITURE Other tradlng #ctlvltles Pur¢hases Course costs Events 92,475 1.6711 5.365 153,661 10,655 99,510 164,316 Support ¢0515 Rent Rates and water Insurance Light and heat T¢lephorte Postage and stationery AdvertisinL4 Sundries Motor expenses Repairs and mainlenance Volunteer expenses 1,200 1,295 381 1,040 554 133 221J 1.6S7 1,838 902 1,217 52.000 1,399 396 1.152 468 1,039 1.630 2,233 2.836 10,437 23,153 Otber Depreciation 2,831 2.936 GoverDance eosts Auditors, remwier4¢ion 720 660 Total resou¢5 ¢xp¢nded 113,498 191,065 Nct expenditNr¢ (6,601) 114,571) This page does noi forni part of the statutory financial statements Page 12