COMMUNITY FUNERAL RELIEF
Charity No. 1190713
Trustee's Annual Report and financial statements
30 June 2023
COMMUNITY FUNERAL RELIEF CONTENTS
| Pages | |
|---|---|
| Trustees Annual Report | 2 |
| Independent Examiner's report | 3 |
| Statement Of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes To The Accounts | 6-12 |
| Detailed Statement Of Financial Activities | 13-14 |
Page 1
COMMUNITY FUNERAL RELIEF TRUSTEES ANNUAL REPORT
The Trustee, presents their report with the unaudited financial statements of the charity for the year ended 30 June 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1190713
Registered Office
42 Gardner Close London E11 2HN
Trustee
The following Trustee served during the year:
MBARAK HUSSEIN MBARAK
Trustees
ALI MKUBWA SAID FARIDA MOHAMMED ALLY AISHA OMAR
SALIM AMAR SAAD MALIK MAHMUD OMAR ABUBAKAR HAMAD
SAMIRA MOHAMED YAHYA FAHMI MASOUD SAID BIMU HASSAN ABDALLAH
Accountants
Paul Victoria Accountants 2nd Floor 134 South street Romford, Essex RM1 1TE
The Trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with taking reasonable steps for the the Companies Act 2006. The Trustee is also responsible for safeguarding the assets of the charity and hence prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
MBARAK HUSSEIN MBARAK Chairman 10 July 2023
Page 2
Independent Examiner’s report to the trustees/directors of COMMUNITY FUNERAL RELIEF CIO
I report on the accounts for the year ended 30 June 2023 which are set out on pages 3 to 14.
Respective responsibilities of trustees/Directors and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees/directors consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 ("the 2011 Act") and that an independent examination is needed. It is my responsibility to:
· examine the accounts under section 145 of the 2011 Act,
· to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act, and
· to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees/directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the requirements:
· to keep accounting records in accordance with section 130 of the 2011 Act; and
· to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met ; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
10 July 2023
Olusola Olalekan Shokunbi FCCA Paul Victoria Accountants
2nd Floor, 134 South street, Romford, Essex RM1 1TE
COMMUNITY FUNERAL RELIEF STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 30 June 2023
| Notes Income and endownments from: Donations and Legacies 4 Total Expenditure on: Raising funds 5 Charitable activities 6 Other 7 Total Net gains on inestment Net(expenditure)/income 8 Transfers between funds Net(expenditure)/income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestrict ed funds 2023 £ 31,600 31,600 0 14,924 2,228 17,152 0 14,448 0 14,448 0 14,448 92,376 106,824 |
Restricte d funds 2023 £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
Total Funds 2023 £ 31,600 31,600 0 14,924 2,228 17,152 0 14,448 0 14,448 0 14,448 92,376 106,824 |
Total Funds 2022 £ 27,072 |
|---|---|---|---|---|
| 27,072 0 6,600 1,649 |
||||
| 8,249 0 |
||||
| 18,823 0 |
||||
| 18,823 0 |
||||
| 18,823 73,553 |
||||
| 92,376 |
Page 3
COMMUNITY FUNERAL RELIEF BALANCE SHEET
as at 30 June 2023
| Notes Fixed assets Tangible assets 10 Current Assets Debtors 11 Cash at bank and in hand Net Current Assets Creditor: Amounts falling due within one year Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 12 Restricted income funds Unrestricted funds 12 General funds Reserves 12 Total funds |
2023 £ 0 0 10,000 97,174 107,174 107,174 (350) 106,824 106,824 106,824 0 0 106,824 106,824 106,824 |
2022 £ 0 |
|---|---|---|
| 0 10,000 82,726 |
||
| 92,726 | ||
| 92,726 (350) 92,376 |
||
| 92,376 | ||
| 92,376 | ||
| 0 | ||
| 0 92,376 |
||
| 92,376 | ||
| 92,376 |
The financial statements on pages 3 to 14 were approved by the Trustees on 10 July 2023 and were signed on its behalf by:
MBARAK HUSSEIN MBARAK Chair of Trustees
Page 5
COMMUNITY FUNERAL RELIEF NOTES TO THE ACCOUNTS
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts inaccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)(effective1 January 2015) -(Charities SORP(FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies(valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
| Fund accounting | |
|---|---|
| Unrestricted funds | These are available for use at the discretion of the trustees in furtherance of the |
| general objects of the charity. | |
| Designated funds | These are unrestricted funds earmarked by the trustees for particular purposes. |
| Revaluationfunds | These are unrestricted funds which include are valuation reservere presenting the |
| restatement of investment assets at their market values. | |
| Income | |
| Recognitionof income | Income is included in the Statement of Financial Activities (SoFA)when the charity |
| becomes entitled to,and virtually certain to receive,the income and the amount of | |
| income can be measured with sufficient reliability. | |
| Income with | Where income has related expenditure the income and related expenditure is reported |
| related expenditure | gross in the SoFA. |
| Donations and | Voluntary income received by way of grants,donations and gifts is included in the SOFA |
| Legacies | when receivable and only when the Charity has unconditional entitlement to the income. |
| Volunteer help | The value of any volunteer help received is not included in the accounts. |
| Investment income | This is included in the accounts when receivable. |
| Gains/(losses)on | This includes any gain or loss resulting from revaluing investments to market value at |
| revaluation of fixed | the end of the year. |
| assets | |
| Gains/(losses) on | This includes any gain or loss on th esale of investments. |
| investment assets |
Page 6
COMMUNITY FUNERAL RELIEF NOTES TO THE ACCOUNTS
Expenditure
Recognition of Expenditure is recognised on anaccruals basis.Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to whch it relates. Expenditure on These comprise the costs associated with attracting voluntary income,fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of it sactivities and charitable activities services in the furtherance of its objects,including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrualf for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutionaland statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity. Taxation The charity is exempt from corporation tax on its charitable activities.
Intangible fixed assets and amortisation
Intangible fixed assets(including purchase dgoodwill,patents and trademarks) are carried at cost less accumulated amortisation and impairement losses.
Stocks
Stock is included at the lower of cost or net realisable value.Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discount due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand,demand deposits with banks and other short-term highly liquid investments with original maturties of three months or less and bank overdrafts. In the statement of financial position,bank overdrafts are shown within borrowings or current liabilities. In the Statement of CashFlows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demandand form an integral part of the company's cash management.
Page 7
COMMUNITY FUNERAL RELIEF NOTES TO THE ACCOUNTS
Trade and other creditors
Short term creditors are measured at the transaction price.Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charityare translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of charity are recorded at the rate of exchange on the date that the transaction occurred.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and the reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balancy of liability. Finance expenses are recognised immediately, unless they are directly attributableto qualifying assets, in which case they are capitalised in accordance with the charity's spolicy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, suchi ncentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expenses on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been the company has no further payments obligations. The contributions are recognised as expenses when they fall due.Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held seperately from the company in independently administered funds.
2. Company status
The organisation is a registered Charity organisation and consequently does not have share Capital.
Page 8
COMMUNITY FUNERAL RELIEF NOTES TO THE ACCOUNTS
3 Statement of Financial Activities-prior year
| Unrestricted funds Restricted funds 2022 2022 £ £ Income and endowments from: Contributions and joining fee 0 27,072 Total 0 27,072 Expenditure on: Raising funds 0 0 Charitable activities 0 6,600 Other 0 1,649 Total 0 8,249 Net expenditure 0 18,823 Transfer between funds 0 0 Net Income before other gains/(losses): 0 18,823 Other gains and losses: 0 0 Net movement in funds: 0 18,823 Reconciliation of funds: Total funds brought forward 0 73,553 Total funds carried forward 0 92,376 4 Income from contributions and joining fee Unrestricted funds Total 2023 £ £ 31,600 31,600 31,600 31,600 5 Expenditure on raising funds Total 2022 £ Costs of generating voluntary income 0 0 |
Total funds 2022 £ 27,072 |
|---|---|
| 27,072 0 6,600 1,649 |
|
| 8,249 | |
| 18,823 0 |
|
| 18,823 0 |
|
| 18,823 73,553 |
|
| 92,376 | |
| Total 2022 £ 27,072 |
|
| 27,072 | |
| Total 2022 £ 0 |
|
| 0 |
Page 9
COMMUNITY FUNERAL RELIEF NOTES TO THE ACCOUNTS
6 Expenditure on charitable activities
| Unrestricted fuds £ Expenditure on charitable activities 14,924 Governance costs 0 14,924 7 Other expenditure Unrestricted funds £ Employee costs 0 Motor and travel costs 0 Premises costs 0 Amortisation, depreciation, 0 impairment, profit/loss on 0 disposal of fixed assets 0 General administrative costs 1,028 Legal and professional costs 400 Other 800 2,228 8 Net (expenditure)/income before transfers 2023 This is stated after charging: £ Depreciation of owned fixed assets 0 9 Staff costs 2023 Salaries and wages 0 Social security costs 0 0 |
Total 2023 £ 14,924 0 14,924 Total 2023 £ 0 0 0 0 0 0 1,028 400 800 2,228 |
Total 2022 £ 6,600 0 |
|---|---|---|
| 6,600 | ||
| Total 2022 £ 0 0 0 0 0 0 1,299 350 0 |
||
| 1,649 | ||
| 2022 £ |
||
| 0 | ||
| 2022 0 0 |
||
| 0 |
No employee received emoluments in excess of £60,000.
Page 10
COMMUNITY FUNERAL RELIEF NOTES TO THE ACCOUNTS
| 10 Tangible fixed assets Cost or revaluation Additions at 30 June 2023 Depreciation and impairement At 1 November 2022 Depreciation charge for the year at 30 June 2023 Net book values At 30 June 2023 At 30 June 2022 11 Debtors Other debtors 12 Movement in funds At 1 August 2022 £ Unrestricted funds: General funds 92,376 Revalation Reserves: 92,376 |
TFA 2 £ 0 0 0 0 0 0 0 Incoming resources (including other gains/loss es) £ 31,600 31,600 |
TFA3 £ 0 0 0 0 0 0 0 2023 £ 10,000 10,000 Resource s Expended £ 16,352 16,352 |
Investment £ 0 0 0 0 0 0 0 Gross Transfers £ 0 0 |
Total £ 0 |
|---|---|---|---|---|
| 0 | ||||
| 0 0 |
||||
| 0 | ||||
| 0 | ||||
| 0 | ||||
| 2022 £ 10,000 |
||||
| 10,000 | ||||
| At 30 June 2023 £ 107,624 |
||||
| 107,624 |
Page 11
COMMUNITY FUNERAL RELIEF NOTES TO THE ACCOUNTS
13 Analysis of net assets between funds
| 13 Analysis of net assets between funds | |
|---|---|
| Unrestricted funds £ Fixed assets 0 Net current assets 0 0 |
Total £ 0 0 |
| 0 |
Page 12
COMMUNITY FUNERAL RELIEF DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 30 June 2023
| Unrestricted funds | Total funds | Total funds | |
|---|---|---|---|
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Income and endowments from: | |||
| Joining Fee | 1,745 | 1,745 | 0 |
| Renewal Fee | 10,444 | 10,444 | 0 |
| Upgrade Fee | 555 | 555 | 0 |
| Contributions | 18,856 | 18,856 | 27,072 |
| 31,600 | 31,600 | 27,072 | |
| Total income and endownments | 31,600 | 31,600 | 27,072 |
| Expenditure on: | |||
| Costs of generating donations and | |||
| legacies | 0 | 0 | 0 |
| 0 | 0 | 0 | |
| Total of expenditure on raising funds | 0 | 0 | 0 |
| Charitable activities | 14,924 | 14,924 | 6,600 |
| 14,924 | 14,924 | 6,600 | |
| Total of expenditure on charitable activities | 14,924 | 14,924 | 6,600 |
| Other expenditure | 0 | 0 | 0 |
| 0 | 0 | 0 | |
| Employee costs | |||
| Salaries/wages | 0 | 0 | 0 |
| Employer's NIC | 0 | 0 | 0 |
| 0 | 0 | 0 | |
| Motor and travel costs | |||
| Vehicles-General costs | 0 | 0 | 0 |
| Vehicles-Fuel | 0 | 0 | 0 |
| Travel and subsistence | 0 | 0 | 0 |
| 0 | 0 | 0 | |
| Premises costs | |||
| Rent | 0 | 0 | 0 |
| 0 | 0 | 0 |
Page 13
COMMUNITY FUNERAL RELIEF DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 30 June 2023
| General administrative costs, including depreciation and amortisation Bank charges Equiment expensed Software, IT support and related costs Stationery and printing Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investment Net(expenditure)/income Transfers between funds Net(expenditure)/income before other gains/(losses) Other Gains Net movement in funds |
178 0 0 850 0 0 1,028 0 400 400 1,428 16,352 0 15,248 0 15,248 0 15,248 |
178 0 0 850 0 0 1,028 0 400 400 1,428 16,352 0 15,248 0 15,248 0 15,248 |
50 0 0 513 0 0 |
|---|---|---|---|
| 563 | |||
| 0 350 |
|||
| 350 | |||
| 913 | |||
| 8,249 0 |
|||
| 18,823 0 |
|||
| 18,823 0 |
|||
| 18,823 |
Page 14