REGISTERED CHARITY NUMBER: 1190642 Re rt f the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 Foundation cio
Mera Foundation cio Contents of the Financial Statements for the Year Ended 31 March 2024 Page Reference and Administrative Details Report of the Trustees Statement of Financial Activities Statément of Financial Position Notes to the Financial Statements Detalled Slatement of Financial Activtties 10
Mera Foundation cio Reference and Administrative Details for the Year Ended 31 March 2024 TRUSTEES Muhammed Meraj Ms Fathema Begum Ismail Muzammel Meraj PRINCIPAL ADDRESS 209 Clayhall Avenue Iord Essex IGS ONZ REGISTERED CHARITY NUMBER 1190542 CHARITY INCORPORATION CE022635 NO Page 1
Mera Foundation cio ort of the Trustees for the Year Ended 31 March 2024 The trustees present their report with the financial stslements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Slatement of Recommended Practice applicable to char[tS preparing their accounts in accordance with the Financlal Reportlng Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). FINANCIAL REVIEW Funds The ¢haTty received donations totalling £9.971 {2023- £9,704). After payments of outgoing expenses totalling £9.914 {2023'.£7,943), the charity was left with a surplus of £57 {2023.' surplus of £1.761) for the year. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Meraj Foundalion (CIO) is an Incorporated enty govemed under a Constitution of a Charitable Incorporated Organisation. Approved by order of the board of trustees on 26 Seplember 2024 and signed on its behalf by.. Muhammed Meraj - Trustee Page 2
Mera Foundation cio statement of FinanGial Activtties 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 9.704 EXPENDITURE ON Charitable activities Project 9,914 7,942 57 1.762 NET INCOME RECONCILIATION OF FUNDS Total funds brought forward 697 2,459 TOTAL FUNDS CARRIED FORWARD 2,516 The notes fom part of these financial statements Page 3
Mera Foundation Statement of Financial Position 31 March 2024 31.3.24 Unrestricted fund 31.3.23 Total fvnds Notes CURRENT ASSETS Cash at bank 2,816 2,759 CREDITORS Amovnts falling due within one year (300) {300) NET CURRENT ASSErs 2,459 TOTAL ASSETS LESS CURRENT LIABILITIES 2,516 2,459 NET ASSETS 2,459 FUNDS Unrestricted funds 2.516 TOTAL FUNDS 2.516 The financial statements were approved by the Board of Trustees and authorised for issue on 26 September 2024 and were signed on st$ behalf by.. Muhammed Meraj- Trustee The notes form part of these financial Statements Page 4
Mera Foundation cio o the Financial Statements for Ihe Year Ended 31 March 2024 ACCOUNTING POLICIES Basls of preparfng the financlal ststements The financial ststements of the charity, which is a public benefrt entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities.. Stalement 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 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 Ststem8nt of Financial Activities once the chariiy 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 thal expendrture. rt is probable that a transfer of economic benefits will be required in settlement and Ihe amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under hèadings that aggregate all cost related to the category. Where cosls cannot be directly attributed to particular headings they have been allocated to activths on a basis consistent with the use of resourc88. TaxatSon The charity is exempt from tax on its charitable activtties. Fund accountlng Unrestricted funds can used in accordance with the tharrtable 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...
Mera Foundation cio Notes to the Financial Ststements - conts'nued for the Year Ended 31 March 2024 TRUSTEES, REMUNERATION AND BENEFrrs 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 trustees, expenses paid for the year ended 31 MarGh 2024 nor for the year ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricte fund INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charltablg activitles Project NET INCOME 1,762 RECONCILIATION OF FUNDS Tolal fvnds brought forward 697 TOTAL FUNDS CARRIED FORWARD Page 6 conlinued...
Mera Foundation cio Notes to the Financial Statements - continued for the Year Ended 31 March 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other credrtors 300 300 MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestrlcted funds G8neral fund 2,459 57 2,516 TOTAL FUNDS 57 Net movement in funds, included in the above are as follows.. Incoming resource8 Resources Movement expended in funds Unrestricted fund8 General fund 9,971 (9,9141 57 TOTAL FUNDS 57 Comparatlves for movement In funds Net movement in funds At 31.3.23 At 1.4.22 Unrestrlcted funds General fund 697 1,762 2,459 TOTAL FUNDS 697 2,459 Page 7 continued...
Mera Foundation cio Not s to the Financial Ststements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS - contlnued Comparative nel movement in funds. induded in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 9.704 (7,942) 1.762 TOTAL FUNDS 9.704 A current year 12 months and prior year 12 months combined posrtion is as follows.. Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 697 1,819 2,516 TOTAL FUNDS 697 A current year 12 months and prior year 12 months comned net movement in funds, included in the above are as foll¢)WS-. Incoming resources Resources Movement expended in funds Unrestrlcted funds General fund 19.675 (17,856) 1,819 TOTAL FUNDS 19,675 {17,856) 1,819 Page 8 continued...
Foundati Notes to the Financial Statements- continued for the Year Ended 31 March 2024 RELATED PARTY DISCLOSURES There were no related party transa¢tions for the year ended 31 March 2024. Page 9
Mera Foundats'on cio Detsiled Statement of Financial Aclivf(ies for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donatlons and legacles Donations 9,971 9.704 Total Incoming resources 9,971 9,704 EXPENDITURE Charltable actlvltles Project costs 9,614 7.638 Support costs Flnance Bank charges Governance costs AGcountancy artd legal fee$ 300 300 Total resources expended Nel Income 57 1,762 Thi5 page does not fom part of the statulory financial 5tatemen15 Page 10