2022-05-31-accounts - Zarina Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Registered charity name	ZarinaFoundation
Charity Number	1190067
Principal office	1AbbottsParkRoad
	London
	E106HT
The trustees	SaleemAwan
	AlishaAwan
Independent examiner	Qamarul Islam
	144High Road Letyon
	E152BX

ancial activities	(including	summary	income and	expenditure acccj	expenditure acccj
Recommended categories by activity	Notes	Unrestricte	Restricted	Endowment	Total funds	Prior year
		d funds	income	funds		funds
			funds
		£	£	£	£	£
		rUl		*t-U6*		F05
Income and endowments from:
Donations	3	374,331			374,331
TOTAL INCOME AND ENDOWMENTS		374,331			374,331
Expenditure on:
Raising funds	4	377,687			377,687
Total expenditure		377,687			377,687
Net income/(expenditure) before tax for the reporting		3,356			3,356
period
Taxpayable
Net income/(expenditure) after tax for the reporting		3,356			3,356
period
*Reconciliation of funds:*
Totalfunds broughtforward		6,054			6,054
*Total funds carried forward*		2,698			2,698

2.2 INCOME
Recognition of	These are included in the Statement of Financial Activities (SoFA)when:
	the charity becomes entitled to the resources;
	itis more likely than not that the trustees will receive the resources;	Yes*		No*	N/a*
	the monetary value can be measured with sufficient reliability.
Offsetting	There has been no offsetting of assets and liabilities, or income and	Yes*		No*	N/a*
	expenses, unless required or permitted by the FRS 102SORPor FRS 102.		*•</*
Grants and donations	Grants and donations are only included in theSoFAwhen the general	Yes*		No*	N/a*
	income recognition criteria are met (5.10 to 5.12 FRS102 SORP).					1
	In the case of performance related grants, income must only be	Yes*		No*	N/a*
	recognised to the extent that the charity has provided the specifiedgoods				^	1
Legacies	Legacies are included in theSOFAwhen receipt is probable, that is, when	Yes*		No*	N/a*
	therehas been grant of probate, the executors have established that there					1
Government grants	The charity has received government grants in the reporting period	Yes*		No*	N/a*
Tax reclaims on	Gift Aid receivable is included in income when there is a valid declaration	Yes*		No*	N/a*
donations and gifts	from the donor. Any Gift Aid amount recovered on a donation is
	considered to be part of that gift and is treated as an addition to the same
	fund as the initial donation unless the donor or the terms of the appeal
Contractual income	This is only included in theSoFAonce the charity has provided the related	Yes*		INO	M/a*
and performance	goodsor services or met the performance related conditions.				IN/a
related grants
Donated goods	Donatedgoodsare measured at fair value (the amount for which the asset	Yes*		Nn*	M/a IN*/d
	could be exchanged) unless impractical to do so.
	The cost of any stock ofgoodsdonated for distribution to beneficiaries is	Yes*		INO	M/a*
	deemed to be the fair value of those gifts at the time of their receipt and				N/a
	they are recognised on receipt. In the reporting period in which the stocks
	aredistributed, they are recognised as an expense at the carrying amount
	of the stocks at distribution.
	Donatedgoodsfor resale are measured at fair value on initial recognition,	Yes*		No*	N/a*
	which is the expected proceeds from sale less the expected costs of sale,				V "
	and recognised in 'Income from other trading activities' with the
	corresponding stock recognised in the balance sheet. On its sale the value
	of stock is charged against 'Income from other trading activities' and the
	proceeds from sale are also recognised as 'Income from other trading
	activities'.
	Goods donated foron-goinguse by the charity are recognised as tangible	Yes*		No*	N/a*
	fixed assets and included in theSoFAas incoming resources when
	receivable.
	Gifts in kind for use by the charity are included in theSoFAas income from	Yes*		No*	N/a*
	donations when receivable.
Donated services and	Donated services and facilities are included in theSOFAwhen received at	Yes*		No*	N/a*
facilities	the value of the gift to the charity provided the value of the gift can be
	measured reliably.
	Donated services and facilities that are consumed immediately are	Yes*		No*	N/a*
	recognised as income with an equivalent amount recognised as an
	expense under the appropriate heading in the SOFA.
Support costs	The charity has incurred expenditure on support costs.	Yes*		No*	N/a*
CC17a (Excel)	5				27/02/2023

Volunteer help	The value of any voluntary help received is not included in the accounts	Yes*		No*	N/a*
	but is described in the trustees' annual report.
Income from interest,	This is included in the accounts when receipt is probable and the amount	Yes*		No*	N/a*
royalties and	receivablecan be measured reliably.			V
Income from	Membership subscriptions received in the nature of a gift are recognised	Yes*		No*	N/a*
membership	in Donations and Legacies.
subscriptions
	IV/lprnnPrcninciihQr'rinl'innc v A / h i r h 0 i \ / p c^m p m h p rt h pr i o h t_fr_Hiiv/c p r \ / i ^ o c ivit::iiiuc.ioiiipouky^ciI ^ L I U M O WIIIV^IIgivc^aiiiciiiudL I I CiigiiiLUuuyo C i V l v ^ c o	Yes*		No*	N/a*
	or other benefits are recognised as income earned from the provision of
	cnnH^anri<:pr\/irp^PQinrnmp frnm rhpritphip arti\/itip<:
settlement or	Insurance claims are only included in theSoFAwhen the general income	Yes*		No*	N/a*
Insurance claims	recognition criteria are met (5.10 to 5.12 FRS1Q2 SORP) and are included
	as an item of other income in the SoFA.
Investment gains and	This includes any realised or unrealised gains or losses on the sale of	Yes*		No*	N/a*
losses	investmentsand anygainor loss resulting from revaluing investments to
	marketvalue at the end of the year.
2.3 EXPENDITURE
Liability recognition	Liabilities are recognised where it is more likely than not that there is a	Yes*		No*	N/a*
	legal or constructive obligation committing the charity to pay out
	resourcesand the amount of the obligation can be measured with
Governance and	Support costs have been allocated between governance costs and other	Yes*		No*	N/a*
	support. Governance costs comprise all costs involving public
	accountability of the charity and its compliance with regulation andgood
	Support costs include central functions and have been allocated to activity	Yes*		No*	N/a*
	cost categories on a basis consistent with the use of resources, eg		yi
	allocating property costs by floor areas, or per capita, staff costs by the
	timesoent and other costs bv their usaee.
Grants with	Wherethe charity gives a grant with conditions for its payment being a	Yes*		No*	N/a*
performance	specific level of service or output to be provided, such grants are only
conditions	recognised in theSoFAonce the recipient of the grant has provided the
	specified service or output.					11
Grants payable	Wherethere are no conditions attaching to the grant that enables the	Yes*		No*	N/a*
without performance	rl/-»n/"\rfV> r i i ' \ it"/^`r Q` - ^ l i c + iz-^llx/ ^ \ / p i p t'rxo ^/-x m m it m orxt 3 li^rxiitx/ T/-x r t rx p TI 1`11`			*>/•*
conuiiions	uonor cnariiy lo reaiisiicaiiy avoio irietoiTiriiiirTieru,a iiduiiiiy lor iiie luii TiirxpirxcT prxlifT^tiprx m i i c t rxo rpf"OCTniCprl
	lurixjing ooiigdLixjn rnusi ue recugrnitru.
Redundancy cost	The charity made no redundancy payments during the reporting period.	Yes*		No*	N/a*
				V *		1
Deferred income	No material item of deferred income has been included in the accounts.	Yes*		No*	N/a*
Creditors	The charity has creditors which are measured at settlement amounts less	Yes*		No*	N/a*
	any trade discounts		V
Provisions for	A liability is measured on recognition at its historical cost and then	Yes*		No*	N/a*
liabilities	subsequently measured at the best estimate of the amount required to
	settlethe obligation at the reporting date
Basic financial	The charity accounts for basic financial instruments on initial recognition	Yes*		No*	N/a*
instruments	as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per
	paragrapns i i . i / to i i . i y , rKbiuz bUKr.
2.4 ASSETS
Tangible fixed assets	These are capitalised if they can be used for more than one year, and cost
	They are valued at cost.	Yes*		No*	N/a*
						1
Intangible fixed	The charity has intangible fixed assets, that is, non-monetary assets that	Yes*		No*	N/a*

assets	do not have physical substance but are identifiable and are controlled by					7
	the charity through custody or legal rights. The amortisation rates and
	methods used are disclosed in note 15.
	They are valued at cost.	Yes*		No*		N/a*
Heritage assets		Yes*		No*		N/a*
	artistic,scientific, technological, geophysical or environmental qualities
	thatare held and maintained principally for their contribution to
	knowledge and culture. The depreciation rates and methods used as
	disclosed in note 16.
		Yes*		No*		N/a*
	They are valued at cost.				1	yr
Investments	Fixed asset investments in quoted shares, tradedbondsand similar	Yes*		No*		N/a*
	investments are valued at initially at cost and subsequently at fair value
	(theirmarket value) at the year end. The same treatment is applied to
	unlisted investments unless fair value cannot be measured reliably in
	which case it is measured at cost less impairment.
	Investments held for resale or pending their sale and cash and cash	Yes*		No*		N/a*
	equivalents with a maturity date of less than 1 year are treated as current
	asset investments
Stocks and work In		Yes*		No*		N/a*
progress	loweror cost or net realisable value.					^	1
		Yes*		No*		N/a*
	net realisable value based on the service potential provided by items of
	stock.
		Yes*		No*		N/a*
	occur on the contract.		1			^	1
Debtors	Debtors (including trade debtors and loans receivable) are measured on	Yes*		No*		N/a*
	initialrecognition at settlement amount after any trade discounts or
	amount advanced by the charity. Subsequently, they are measured at the
	cash or other consideration expected to be received.
Current asset		Yes*		No*		N/a*
investments	and cash and cash equivalents with a maturity date less than one year.
	These include cash on deposit and cash equivalents with a maturity of loss
	than one year held for investment purposes rather than to meet short-
	termcash commitments as they fall due.
	They are valued at fair value except where they qualify as basic financial	Yes*		No*		N/a*
	instruments.

Analysis of Income II n r p c t r i r t p R p c t r i r t p r f	Analysis of Income II n r p c t r i r t p R p c t r i r t p r f	C il U U W ii l c iH		r r i O ry c a i
d funds	Income	funds
	funds
£	£	£	£	£
Donations and Donationsand gifts 374,331			374,331
legacies:
Total 374,331			374,331
TOTAL INCOME 374,331			374,331
Other Information:
All Income in the prior year was unrestricted except for: (please provide description and			Not Applicable
amounts)
Where any endowment fund Is converted Into Income In the reporting period, please give the			Not Applicable
reason for the conversion.
Where any endowment fund Is converted Into Income In the prior period, please give the			Not Applicable
reason for the conversion.
Within the Income Items above the following Items are material: (please disclose the	nature,		Not Applicable
amount and anv prior vear amounts)
This year: Where sums originally denominated In foreign currency have been Included In			Not Applicable
Income, explain the basis on which those sums have been translated Into sterling (or	the
currency In which the accounts are drawn up).
Last year: Where sums originally denominated In foreign currency have been Included In			Not Applicable
Income, explain the basis on which those sums have been translated Into sterling (or	the
currency In which the accounts are drawn up).

Note4 Expenditure
	This year					Last year
Analysis	Unrestricte	Restricted	Endowment		Total funds	Total funds
	d funds	Income	funds
		funds
	£	£	£		£	£
Expenditure on raising funds:
Advertising,marketing,directmail and publicity	414				414
Telephoneand fax	3S0				3S0
Postage	40				40
Subscription
Printing& Stationery	S49				S49
Motorexpenses	IDS				lOS
Bankcharges	343				343
Repairandmaintenacecharges	1,010				1.010
Insurance	302				302
Light andheat
Otherlegal and prof	803				803
CommunityWelfare	371,971				371,971
AccountancyfeesSee Note S	1,800				1,800
Total expenditure on raising funds	377,687				377,687
TOTAL EXPENDITURE	377,687 I	- J	-	I	377,687

*examiner. If nothing was paid please enter '0' in the appropriate box(es).*
	This year	Last year
	£	£
Independent examiner's fees
Assurance services other than Independent examination
Tax advisory fees
Other fees (for example: financial advice, consultancy, accountancy services) paid to the Independent	1,800	1,800
examiner

Note 6 Tangible fixed assets *Please complete this note if the charity has any tangible fixed assets* 6.1 Cost or valuation
Freehold	Other land &	Plant,	Fixtures,	Total
land &	buildings	machinery	fittings and
buildings		and motor	equipment
		vehicles
£	£	£	£	£
Atthe beginning of theyear
Additions
Revaluations
Disposals
Transfers*
Atend of theyear
6.2 Depreciation and Impairments
SLorRB	SLorRB	SLorRB	SLorRB	SL orRB
(Straight
Lineor
Reducing
Balance)
** Rate
Atbeginning of theyear
Disposals
Depreciation
Impairment
Transfers*
Atend of theyear
6.3 Net book value
Netbookvalueat the beginning oftheyear
Netbookvalueat the end of theyear
6.4 Impairment:
*This year: Please provide a description of the events and circumstances that led to the*		Not Applicable
*recognition or reversal of an impairment loss.*
*Last year: Please provide a description of the events and circumstances that led to the*		Not Applicable
*recognition or reversal of an impairment loss.*

	Amounts		Amounts
	This year	Last year	This year	Last year
	£	£	£	£
	1,800	1,800
Total	1,800	1,800
			This year	Last year
			£	£
			4,498	7,854
			4,498	7,854

Fund names	Type PE, EE R	or Purpose and	Fund	Income	Expenditure	Transfers	Gains and	Fund
	UR *	Restrictions	balances				losses	balances
			brought					carried
			forward					forward
			£	£	£	£	£	£
Unrestircted income	UR		6,054	374,331	377,687			2,698
Restircted income	R
*Other funds*	N/a	N/a
*(balancing figure)*
	Total Funds as per balance sheet		6.054	374,331-	377.687			2.698

Fund names	Type PE, EE R or Purpose and	Type PE, EE R or Purpose and	Fund	Income	Expenditure	Transfers	Gains and	Fund
	UR*	Restrictions	balances				losses	balances
			brought					carried
			forward					forward
			£	£	£	£	£	£
Unrestricted funds	UR
*Other funds*	N/a	N/a
*(balancing figure)*
	Total Funds as per balance sheet