REGISTERED COMPANY f4UMBER: CF,021807 (ErtEland and Wal) REC.ISTERF.D CHARITY NUfvIBER: 1189429 REPORT OF THF. TRUSTEES AND UNAIJDITF.D FINAN IAL TEMENTS THF. YEAR ENDF,D VOR IAS MATTU F()IJNDATION CIO Frcnch Ludlam & Co l.iniited Mouritfield I-loil.¢ 661 I ligh Strccl Kingswinford West Midlands DY6 8AL
ELIAS MATTU FOUNDATIOPI CIO CONTENTS OF THE FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2025 Page Report of the Trustees Independtnt EJaminer'J Report St¥tement of Financi41 Actlvilles St8¢em¢ttl of FinAncl#l Po$i¢lon Note$ to the Fittan¢lal S¢4tem¢Thtg Detlled Staiernent of FlTh#nci#l A¢ilvltl¥s 12
ELIAS MATTU FOUNDATION CIO RF.PORT OF THY. TRUSTEES FOR THF, YF.AR V.NI)FD 31ST MAY 2025 The trustee5 who are also directors of the charity for the purpose5 of the Companies Aci 2006, present their report with the finan¢ial stateiiients of the charity for ihe year ended 3 1st Md> 2025. The trusiees have adopied the provisions ot Accounting and Repurting by Chdrities". Statement of RecoMe17ded Prdctice applicable lo Charities preparing Ihtir accounts in accordaiice with the Financial Reporting Stsndard applicable in the UK and Rq)Ltblic of Ireland IFRS 1021 (effectiv¢ I January 2019). OBJF.CTIVF.S AND ACTIVITIES Objectives and aims The purpose ol. the charity 15 to help relieve those in nced by reason of youth. age. ill-health. disability, fiNncial hardship or other disadvantage in the UK. Puhlie benefit The ¢hdrity provides clothes and food to those in need in the community. The trustees hdve had regard io Chariiy Commission bFuidance on publi¢ b¢nefif. STRIICTUKF, C,OVERNANCF. AND MANAC.EMFNT Cjoverning document I'lie charity is L()nlroll¢d by it5 governing do¢um¢nt, a deed of trust, and con%titutes a limited company, lirniied by guarantee, as defined by (he Companies Act 2006, RF.FF.RENCE AND ADMINISTRATIVE DETAILS Re%i¥¢ered Cnmpany numhcr CE02180711..nb12< nd dnd Walcsl Re%lslered Charlty number 1189429 ReRlstered vfficc B nwLn Rnad Pennfields Wolverhllinpton W¢%1 Midlands WV3 OHP Trustees Mr5 A M MattLI Miss M K Sidhu P Birch Independtnt Examlner French l.udlam & Co Limited ML¥untfield House 661 High Street Kingswinford West Midland8 DY6 8AL Approved by order of the board of tNstees on and signed on its behalf by.. age
ELIAS mAu FOUNDATION CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2025 Page 2
INDEPENDF,NT F,XAMINF.R'S RF.PORT TO THF. TRUSTF.F.S OF ELIAS MATTU FOUNDATION CIO Independent exarniner'5 report to th¢ Iruslees of F,lias M4ltu Foundofion CIO {'th£ Company,) I report to ihe charity truslees on my examination of the account5 of the Company for the year ended 315t May 2025. Responsibilities basis of report A5 tlie chaiity'5 Iru51ees ol. the Company land also its director5 for the purposes of cornpany law} you are responsible for the preparation of the a¢counts in ac¢ordaiice with the requirements of the Companies Act 2006 {'the 2006 ACVI. Having saiisfied myself thai the accounts of the Company arr not required to be audited under Part 16 of the 2006 Act and g4re eligible for indcp¢ndcnt examination. I report in respeci of my examination of your charity's accounts as carried out undcr Seclion 145 of the Chariiics Aci 2011 I'th¢ 201 l Act.). In carrvingi out my examination I have followed the Dire¢tions givcn by the Charitr), Commission undcr Scction 145(5) (h) of the 201 l Act. Indtpendent CX9miner's $tatement I l)avc compleicd my exaimination. I confirni Ihai no ma(t¢rs have ¢ome to my aiteniion in cann¢ctian with the examination givin8 mc cause to believe.. dccountin&i reLords were not k¢pt in respeLt of the Con)pany as required by Section 386 of the 2(106 Act., or lh¢ a¢counls do not accoTd with those rccord5' or the accounls di) not ci)mply with the accounting? requirements of section 396 of the 2006 Aci other than afty requirement that the aount gyive a true and fair view which 15 n(Trt a niatteT considered as purt ol. an indep¢ndent examinaiion,, or the a¢coiints have not been prepared in accardance with the methnds and principleE of the Statemcnt of Re¢omirended Practi¢¢ for a¢cnunting und reportinLT by charities lappli¢abl¢ to charities pr¢parinB their &c¢()unts in accordance wilh the Financial Rcportin8.8tandard applicable in ihe UK and Republic of Ireland IFRS 102)). I liav¢ no ¢oncerns and have Lom¢ a¢r055 other matt¢rs in ¢onneetion with ihe cxaininaiion (o which attention Should be drawi in this repon in ordcr 10 cnable a propcr iindcrslanding of thc accoiints lo be reached. .JL Pb Jolin Fullnian rrcnch l.udlam & Co I,imii¢d M(>Linifield I l()LL8e 661 High Street Kin85wiI)ford Wcsl Midlands DY6 8A1. Date.. 41.C.,.7.1.th1"
ELIAS MAThU FOUNDATION CIO STATEMENT OF FIIYANCIAL ACTIVITIES Ilf4CORPORATITr4G AN IIYCOME AND EXPENDITURE ACCOUNT FOR THE YEAIi LTr4DED 31ST MAY 2025 2025 Total rund5 2024 Toial fidS Unrestricted tund Restricted fid$ Noies INCOME AND ENt>OWMENTS FROM Donations and leg&ei¢s 58,160 58.160 106.897 EXPENDITURE ON Raising funds 65.430 65,430 113.498 NET INCOMEI{EXPENDITURE) {7,270) (7,270) (6.601) RECONCILIATION OF FUNDS Total funds brought forward 6,702 6,702 13.303 TOTAL FUNDS CARRIED FORWARD {568> 1568) 6.702 The note5 fomi part of these tinancial statements Page 4
ELIAS MATTU FOUNDATION CIO STATEMENT OF FINANCIAL POSITION 31ST MAY 2025 2025 Total fuDds 2024 Total funds Unrestricted fjjnd Re5triLted funds Notes FIXEI) A.Ts Tangible asscts 278 278 1.626 CURRF.NI T ASSETS Cas1) al bank 564 564 6.486 CRF.DITORS Ainounts falling du¢ within one year (1.410> (1.410) 11.410) NF.T CURRF.NT ASSF.TSI(LIABILITIESI {846) (846) 5,076 TOTAI. ASSETS LF.SS CURRENT LIABILITIES 15681 6,702 NF.T ASSETS {568) 6.702 FIINDS Unre5tri¢ted funds (5681 6,702 TOTAL FUYDS 6,7Q2 ThL Lharildble company 15 entiiled to ex¢mplion from 3udil undcr S¢¢lion 477 of the Lompanics Act 2006 for Ihe year ended Jlsi May 2025. The meinbers have ii()I rLquired th¢ COTiipanv lo ()bldill an audil i)f its financial sialements lor the year ended 31 sl May 2025 in ac¢ordaiice witli S¢Ltion 476 ()fii)L Coinp&nies ALI 2006. The triJsl¢es &¢knowlcdge thLir responsibilities for en.%uring? Ihal the charitabl¢ company kccp.% accounting reLords that comply with Sec(iONs 386 and 387 of ihe Companies Act 211Q6 and prcparing financial .%t8tcm¢nt.% whioh give a Irue and fair view of the slate ofaffairs of tlie chari12ble corrpany as al Ihc ¢nd ol'¢acli financial ycar and of its surplus or deficit for each financial ycar in accordllnce with the requiremen15 of Sections 394 and 39.$ and which othcrwi5c coihply willi the requirements of the c.ompanies Ao 2Q06 rclaling to financial statements, so far a5 appliLable lo th¢ ¢horitable Company. (b) The notes forni part of these financial statements Page 5 continued...
ELIAS MATTU FOUNDATION CIO TATEMENT OF FINANCIAL POSITION - contin JIST MAY 2025 These financial statements hav¢ been prepared in aceordance with the PTOVLsions applicable to chariiable companies subject to the srnall companies regime. Th¢ financial statements were approv¢d by the Board of Trustees and auihorised for issue on and were signed on its behalf by.. 0.411.7.J.7LI4. ........... A M Mattu - Tru5tec M K Sidhii - TTUStee P Birch . Trustee The notes fomi part of th¢s¢ finaneial 5tatcments Page 6
ELIAS MATTU FOUNDATION CIO NOTES TO THF. FINANCIAL STATF,MF,NTS FOR THE YEAR F.NDED 31ST MAY 2025 ACCOUNTING POLICIES Basis of preparing the fin*n¢i#l statements The financial statements of the charitable company. which is a public benefit entiiy under PRS 10? have been prepdred in aLcordanLe with the Charities SOtiP IFRS 1021 'Aeeoui)ling and Reporting by Ch8Tilie5.' StAtement of Recominended Pra¢tice applicable to charilies preparin& their accounis in accordance with the Financial Reporting Siandard applicable in the UK and Republic uf Ireland IFRS 1021 (eftectiwe l January 2019).. Fillancial R¢porting Siandard 102 'The Fillancial Rcporting Standard applicable in ihe U'K and Republic of Ireland. and the Companies Aci 2006. The financial statements have been prcpared under the historical cost Lunvention. Ineome All incaTn¢ is toglled ill th¢ Stal¢menl of l.'inallcial Activities once the chaTity has entitlement 10 the funds, it is probable rhat the income will be received and the amouni Can be measured reliably. F.xpendlture l.iabilitie% aTC rccognistd as expcndilurc 8oon as there is a l¢gal or eonstni¢tive obligation ¢ommilling the eharity to tlial expendiiurL, It is probablc that a transfer of economic benefits will be required in setilemenl and the amount of the obligalion can be mcasured reliably. Expcnditurc is accthijnicd ltir on an accruals basi% and has been classilied under headiiigps that aggFregaie all cost related to Ihe cate&)ory. Where Liists c&nnol be directly attTibuted to particular h¢adiii&75 thLJ hav¢ bLLn allo¥aied io acliviti¥s on u basis Lvn¥i51¢nt with tli¢ use vl'rtsour¢¢5. T¥ngible Ilxed assets Dcprcciation is provided at the following annual Tate5 in order tu WTite off each a55ei over its c8timfjicd use1 life. Computer equipment. 330/0 Straight Linc Tax¥tlon ThL cliarily is e%¢inpl frorn ¢orporation tÈx on its charitabl¢ Aclivitics. Fund ¥rcnun¢ing Unrc%iriclcd fiinds Can be used in accordance with Ihe ¢harit¥blc objcclivc5 ai lh¢ discretion of th¢ Iruiecs. Restricted liinds ean only be used for particular r¢stricted purposcs wiihin ihe objects of the charity. Restrictions arise when 5pecificd by Ihc donor or wheii funds dre rdised liir pariicular rcslriclcd purposes. 14ire purchase legsln% LommltmentS Rcnlal.s paid under op¢raling Icu.%c% are charbFed lo the Statemen( of Financial Aclivities on a stTaiBhi line basis over the period of thc Icasc. Colitlliued...
ELIAS MATTU FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS- conlhnued FOR THE YEAR ENDED 31ST MAY 2025 NET INCOMEI(EXPENDITURE) Nei incomellexp¢nditure) is stated after chargin{credItIng)'. 2025 2024 Depreciaiiop - owned assets Oth¢r operatin8 leases lJ48 2.831 1,200 INDEPENDENT EXAMINER'S FEES 2025 2024 Fees payable io the charity's auditors for the audit of the charity'5 f2]wicial 51atern¢nts 720 720 TRUSTEES, REMUNERATION AND BENEFITS Rent has been paid to Mrs Asha Mattu, trusL¢¢, totglling £NIL durin¥ lh¢ year. (2024 £1,000) Manjit Sidhu and Asha Mattu had ¢xp¢nses paid by the charity totalling £1,247.03 for taxi f&res. (2024 £1,625.60) COMPARATIVES FOR THE STATEMEf4T OF FINANCIAL ACTIVITIES Unrestricied fund R¢stricied funds Total nds INCOME AND ENDOWMENTS FROM Donations and legacies 106.897 106,897 EXPENDITURF. OIY Raisin8 lunds 112,168 1,330 113,498 NET INCOMEI(EXPENDITURE) (5,271) 11,330) (6,6011 RECONCILIATION OF FUNDS Total funds bTought lorward 11,973 1,330 13.303 TOTAL FUNDS CARRIED FORWARD 6,702 6,702 Page 8 continued...
EI.IA8 MATTU FOUNDATION Io NOTES TO THE FINANCIAL STATF,MEKtS- continued FOR THF, YEAR ENDED 31ST MAY 2025 TANC.IBLF. FIXED ASSETS Computer equipment COST At 1st Junc 2024 and 31 Et May 2025 9,618 DEPRECIATION Al I sl June 2024 ChargT¢ for year 7.992 1,348 Ai 31 si May 2025 9,340 NET fiooK VALUE Al 31 sl May 2025 278 At 3 Isi May 2024 1,626 CRF.DITORS.' AMOUNTS FALI.ING DUE WITHIN ONF. YF.AR 2025 2024 Social security and other taxe$ A¢¢rucd exp¢nsLs (29) 1,439 (29} 1.439 1,410 1.410 MOVEMENT IN FUNDS Nel movement in funds Ai 1.6,24 At31.5.25 Unrtstrleled funds General fuiid 6,702 {7,270} (568) TOTAL FUNDS 6.702 (7,270) 1568) Net movement in funds. included in Ihe above are as follTrws'. Inwming resou¢1 Resourc¢s expended Moveimcnt in funds Unreslricted fund$ General nd 58.160 (65,430) (7,270) TOTAL FUNDS $8.160 (65.4301 (7,270) PabTe 9 ontinued...
ELIAS MATTU FOUNDATION CIO NOTES TO THE FIt4IANCIAL STATEMENTS- continued FOK THE YEAR ENDED 31ST MAY 2025 MOVEMENT IN FUNDS- continued Comparatiwes for Jnovemetht in fuDds Net movcment in funds Ai 1.6.23 At31.5.24 Unrestricted funds Gcneral fund 11.973 {5.2711 6,702 R¥$¢ric¢ed funds PCC For W¢st Midlands 1.330 {1,3301 TOTAL FUNDS 13,303 16,601) 6.702 Comparyaiive net movemenl in funds, included in the above are as follows.. Incoming resources Resources exp¢nded Moveineiii in lunds Uthr¢slriciwJ fund$ General fund 106,897 {112,168) (5.271) Reslrlcttd fund8 PCC For West Midlands {1,3301 11,3301 TOTAL FUNDS 106,897 (113,4981 16,601) A ¢ent year 12 months and prior year 12 monihs combined position is as follows.. Net movement in tunds At 1.6.23 At 31.5.25 UDf¢51ri¢ted funds General fund 11,973 (568} R¢striettd funds PCC For West Midlands 1,330 (1,330) TOTAL FUNDS 13,303 (13.871) (568) PBg¢ 10 continued...
IAS MA TTU FOUNDATION CIO TE THE FINANCIAL STATEMF.f4TS- conti IST AY 2n25 ue MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 rnonths combined net movement in funds, included in the above are as rollows.. Incomin resources Resources expended Movement in fijnds Unr¢4tri¢ted fvnd$ General fiind 165,057 (177.598} {12.541) Rtstriettd PCC For West Midlands (1,330) {1.330) TOTAL FUNDS 165,057 {178.9281 RELATED PARTY DISCLOSURES All transa¢tions with rclated parties are disclosed in noic 4.
ELIAS MATTU FOUNDATION CIO DETAILED STATF.MENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MAY 2025 2025 2024 INCOME AND ENDOWMENTS DonAtlons legacies Donations Ornnts 4,982 53,178 6,897 100.000 58,160 106.897 Tot41 in¢omin% resouretg 58,160 106,897 EXPENDITURE Other trAdlng actlvliles Purchases CouT5e ¢o$ts Ew¢nts 52,860 92.475 1,670 5,365 52,860 99.510 Syppvrl ¢0915 MttnuxemeAt Rent Rates and water Insurdnce Light And heat Telephone Posla¥¢ and stationery Advertising Sundries Motor expense5 Repair5 and maintenance Volunteer ¢Kpeiis¢$ 1,200 1,295 3J44 3112 610 1,040 554 133 220 1,657 1.838 902 1,217 622 180 1,7¥2 1,574 486 1,522 10,502 10,437 Other Depreeiation lJ48 2,831 Audiior$' remuneration 720 720 Total resour¢es expended 65.430 113.498 N¢t ¢xp¢Trditure (7.270) {6.6011 This page does not forni part of the statutory financial siaiements Page 12