Company Registration Number is :- CE023609
The Charity Registration Number is :- 1190896
I WAQF CHARITABLE TRUST
Report and Accounts
31 March 2026
I WAQF CHARITABLE TRUST
Report and accounts for the year ended 31 March 2026
Contents
| Page | ||
|---|---|---|
| Trustees' Annual Report | 1-4 | |
| Statement of Trustees's responsibilities | 5 | |
| Independent Accountant's Report | 6 | |
| Funds Statements:- | ||
| Statement of Financial Activities | 7 | |
| Statement of Financial Activities - Prior Year statement | 8 | |
| Movements in funds | 9 | |
| Income and Expenditure account | 10 | |
| Balance sheet | 11 | |
| Notes to the accounts | 12-18 |
I WAQF CHARITABLE TRUST
Trustees' Annual Report for the year ended 31 March 2026
The Trustees present their Report and Accounts for the year ended 31 March 2026.
Reference and administrative details
The charity name.
The legal name of the charity is:- I WAQF CHARITABLE TRUST.
The charity is also known by its operating name, I WAQF CHARITABLE TRUST`.
The charity's areas operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1190896.
The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .
The governing document is dated
17 August 2020
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
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I WAQF CHARITABLE TRUST
Trustees' Annual Report for the year ended 31 March 2026
The principal operating address, telephone number, email and web addresses of the charity are:-
209A Streetly Road Erdington Birmingham B23 7AH Telephone: 01216030077
Email Address: info@iwaqf.net
The Trustees in office on the date the report was approved were:-
Mr H Rashid Mr R Rashid Mr H R Kalla Mr S S Abedi Mr I Rashid
The following persons served as Trustees during the year ended 31 March 2026 :-
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
Appointed on Resigned on Mr H Rashid Mr R Rashid Mr H R Kalla Mr S S Abedi Mr I Rashid 25/03/2026 All the trustees are also members of the charity.
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
To further such charitable purposes (charitable under English Law) as Trustees see fit from time to time for the public benefit by making grants to individuals and to registered, excepted and exempt charities.
The main activities undertaken in relation to those purposes during the year.
The charity in line with its aims has been investing the donations received to date and is currently reviewing the investments in order to make a decision on what charitable activities/grants are to be undertaken in the next year.
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I WAQF CHARITABLE TRUST
Trustees' Annual Report for the year ended 31 March 2026
The main activities undertaken during the year to further the charity's purpose for the public benefit.
The charity is a I Waqf and so the main activity this year has been arranging for the appropriate investment of funds for further capital growth.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
The short term and longer term aims and objectives.
In the short to medium term all donations are likely to be invested with a view to capital growth. If there is income generated then this will be assessed and if considerable will be donated towards charitable purposes at the discretion of the Trustees.
The charity's strategies for achieving its aims and objectives in the future.
To ensure that the charitable Waqf has a significant value which will then allow various charitable projects to be undertaken in a sustainable manner.
The contribution of volunteers during the year.
There are currently no volunteers in the charity.
3
I WAQF CHARITABLE TRUST
Trustees' Annual Report for the year ended 31 March 2026
Financial review
The charity's financial position at the end of the year ended 31 March 2026
The financial position of the charity at 31 March 2026 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Total Unrestricted Funds Restricted Revenue Funds Total Restricted Funds Total Funds Unrestricted Revenue Funds available for the general purposes of the charity Net income |
2026 £ 226,672 164,516 164,516 453,063 453,063 617,579 |
2025 £ 206,766 |
|---|---|---|
| 155,061 | ||
| 155,061 | ||
| 235,846 | ||
| 235,846 | ||
| 390,907 |
Financial review of the position at the reporting date, 31 March 2026.
The trustees consider the financial performance by the charity during the year to have been satisfactory.
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
Details of The Independent Examiner
MR P. JAYAWARDENE
Member of The Institute of Chartered Accountants and Statutory Auditors
4A The Avenue Highams Park London E4 9LD
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I WAQF CHARITABLE TRUST
Trustees' Annual Report for the year ended 31 March 2026
Statement of Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-
-
to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 15 June 2026.
MR R RASHID Trustee
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I WAQF CHARITABLE TRUST`
Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2026
I report to the trustees on my examination of the financial statements of I WAQF CHARITABLE TRUST`(‘the charity') for the year ended 31 March 2026 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.
Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement, Report and Opinion
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
The financial statements do not accord with those records; or
The financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Signed:-
MR P. JAYAWARDENE - Independent Examiner
For and on behalf of Gardezi Jay & Company
Chartered Accountants and Statutory Auditors
4A The Avenue Highams Park London E4 9LD
This report was signed on 15 June 2026
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I WAQF CHARITABLE TRUST - Statement of Financial Activities for the year ended 31 March 2026
Statement of Financial Activities for the year ended 31 March 2026
| Income & Endowments from: Donations & Legacies A1 Investments A4 Total income A Expenditure on: Charitable activities B2 Total expenditure B Net income for the year Net income after transfers A-B Reconciliation of funds:- E Total funds brought forward Total funds carried forward SORP Ref Net movement in funds |
Current year Unrestricted Funds 2026 £ 20,082 29,700 49,782 40,327 40,327 9,455 9,455 9,455 155,061 164,516 |
Current year Restricted Funds 2026 £ 233,217 - 233,217 16,000 16,000 217,217 217,217 217,217 235,846 453,063 |
Current year Total Funds 2026 £ 253,299 29,700 282,999 56,327 56,327 226,672 226,672 226,672 390,907 617,579 |
Prior Year Total Funds 2025 £ 293,037 13,177 |
|---|---|---|---|---|
| 306,214 | ||||
| 99,448 | ||||
| 99,448 | ||||
| 206,766 | ||||
| 206,766 | ||||
| 206,766 184,141 |
||||
| 390,907 |
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All activities derive from continuing operations
The notes attached on pages 12 to 18 form an integral part of these accounts.
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I WAQF CHARITABLE TRUST - Statement of Financial Activities for the year ended 31 March 2026
I WAQF CHARITABLE TRUST - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP
| Income & Endowments from: Donations & Legacies A1 Investments A4 Total income A Expenditure on: Charitable activities B2 Total expenditure B Net income for the year Net income after transfers A-B Reconciliation of funds:- E Total funds brought forward Total funds carried forward Net movement in funds SORP Ref |
Prior Year Unrestricted Funds 2025 £ 124,225 13,177 137,402 78,448 78,448 58,954 58,954 58,954 96,107 155,061 |
Prior Year Restricted Funds 2025 £ 168,812 - 168,812 21,000 21,000 147,812 147,812 147,812 88,034 235,846 |
Prior Year Total Funds 2025 £ 293,037 13,177 306,214 99,448 99,448 206,766 206,766 206,766 184,141 |
|---|---|---|---|
| 390,907 |
All activities derive from continuing operations
The notes attached on pages 12 to 18 form an integral part of these accounts.
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I WAQF CHARITABLE TRUST - Statement of Financial Activities for the year ended 31 March 2026
Movements in revenue and capital funds for the year ended 31 March 2026
Revenue accumulated funds
| Unrestricted Funds 2026 £ Accumulated funds brought forward 155,061 9,455 164,516 Closing revenue funds 164,516 Summary of funds Unrestricted and Designated funds 2026 £ Revenue accumulated funds 164,516 Total funds 164,516 Recognised gains and losses before transfers |
Restricted Funds 2026 £ 235,846 217,217 453,063 453,063 Restricted Funds 2026 £ 453,063 453,063 |
Total Funds 2026 £ 390,907 226,672 617,579 617,579 Total Funds 2026 £ 617,579 617,579 |
Last year Total Funds 2025 £ 184,141 206,766 |
|---|---|---|---|
| 390,907 | |||
| 390,907 | |||
| Last Year Total Funds 2025 £ 390,907 |
|||
| 390,907 |
The notes attached on pages 12 to 18 form an integral part of these accounts.
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I WAQF CHARITABLE TRUST - Statement of Financial Activities for the year ended 31 March 2026
I WAQF CHARITABLE TRUST - Income and Expenditure Account for the year ended 31 March 2026
| Income Income from operations Refunds from HMRC on gift aided donations Income from investments, other than interest receivable Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Governance costs Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year Net income after tax in the financial year Net income before tax in the financial year Investment income |
2026 £ 233,217 20,082 29,700 282,999 282,999 54,327 2,000 56,327 226,672 - 226,672 226,672 |
2025 £ 276,435 16,602 13,177 |
|---|---|---|
| 306,214 | ||
| 306,214 | ||
| 98,248 1,200 |
||
| 99,448 | ||
| 206,766 - |
||
| 206,766 | ||
| 206,766 |
All activities derive from continuing operations
The headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 12 to 18 form an integral part of these accounts.
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I WAQF CHARITABLE TRUST - Balance Sheet as at 31 March 2026
| Note SORP Ref Fixed assets A Tangible assets 5 A2 Investments held as fixed assets 6 A4 Total fixed assets Current assets B Debtors B2 Cash at bank and in hand B4 Total current assets Creditors: amounts falling due within one year 7 C1 Net current assets 8 The total net assets of the charity |
5,798 141,116 |
|---|---|
The total net assets of the charity are funded by the funds of the charity, as follows:-
| Restricted funds Restricted Revenue Funds 10 D2 453,063 Unrestricted Funds Unrestricted Revenue Funds 10 D3 164,516 Total charity funds |
235,846 453,063 155,061 164,516 617,579 |
235,846 155,061 |
|---|---|---|
| 390,907 |
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.
The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 6.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
MR R RASHID
Trustee
Approved by the board of trustees on 15 June 2026
The notes attached on pages 12 to 18 form an integral part of these accounts.
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I WAQF CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2026
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Policies relating to categories of income and income recognition.
Nature of income
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Categories of Income
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
Income recognition
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
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I WAQF CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2026
Policies relating to assets, liabilities and provisions and other matters.
Fixed Asset Investments
Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated.
Fixed asset investments in unlisted equities are shown at the balance sheet date at the best estimate of their market value, where practicable. Where valuation techniques are considered unreliable or where, in the opinion of the trustees, the costs outweigh the benefits to the users of the accounts, the investment is included at cost, and a review is undertaken at each year end as to whether the asset should be written down.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
There are no endowment funds.
2 Staff costs and emoluments
| Salary costs Gross Salaries excluding trustees and key management personnel Total salaries, wages and related costs Numbers of full time employees or full time equivalents The average number of total staff employed in the year was |
2026 £ 23,625 |
2025 £ 31,298 |
|---|---|---|
| 26,606 | 31,298 | |
| 2026 1 |
2025 1 |
Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
3 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
4 Trustees' expenses
No trustee expenses were incurred, either in the current or prior year.
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I WAQF CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2026
5 Tangible fixed assets
| Current Year Cost At 1 April 2025 Additions At 31 March 2026 Net book value At 31 March 2026 At 31 March 2025 Prior Year Cost 01 April 2024 Additions 31 March 2025 Net book value 31 March 2025 31 March 2024 |
Land and Buildings £ - - |
Plant & Machinery £ - - |
Long Term Investments £ 134,235 37,500 |
Total £ 134,235 37,500 |
|---|---|---|---|---|
| - | - | 171,735 | 171,735 | |
| - | - | 171,735 | 171,735 | |
| - | - | 134,235 | 134,235 | |
| Land and Buildings £ - - |
Plant & Machinery £ - - |
Long Term Investments £ 84,196 50,039 |
Total £ 84,196 50,039 |
|
| - | - | 134,235 | 134,235 | |
| - | - | 134,235 | 134,235 | |
| - | - | 84,196 | 84,196 |
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I WAQF CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2026
6 Investments held as fixed assets
| Investments in subsidiaries £ Carrying values of investments At 1 April 2025 - Additions - At 31 March 2026 - Analysis between fair value and historical cost Investments as above held at fair value - Total at 31 March 2026 - Analysis of Other Classes of Investment Investment properties At 1 April 2025 Additions At 31 March 2026 Summary of other classes of investments at 31 March 2026 Investment properties |
Investments in subsidiaries £ - - |
Listed investments £ - - |
Other Classes of Investment £ 178,430 183,500 |
Total £ 178,430 183,500 |
|---|---|---|---|---|
| - | - | 361,930 | 361,930 | |
| - | - | 361,930 | 361,930 | |
| - | - | 361,930 | 361,930 | |
| Included at historical cost, less write down £ - - |
Included at fair value £ - 178,430 |
Total £ - 178,430 |
||
| - | 178,430 | 178,430 | ||
| - | 178,430 | 178,430 | ||
| - | 361,930 | 361,930 |
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I WAQF CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2026
| 7 Creditors: amounts falling due within one year Accruals PAYE, NIC VAT and other taxes Other creditors 8 Income and Expenditure account summary At 1 April 2025 Surplus/(Deficit) after tax for the year At 31 March 2026 |
2026 £ 3,000 - 60,000 |
2025 £ 3,070 442 60,000 |
|---|---|---|
| 63,000 | 63,512 | |
| 2026 £ 390,907 226,672 |
2025 £ 184,141 206,766 |
|
| 617,579 | 390,907 |
9 Particulars of how particular funds are represented by assets and liabilities
| At 31 March 2026 Tangible Fixed Assets Investments at valuation:- Fixed asset investments Current Assets Current Liabilities At 1 April 2025 Tangible Fixed Assets Investments at valuation:- Fixed asset investments Current Assets Current Liabilities |
Unrestricted funds £ 171,735 361,930 (306,149) (63,000) |
Designated funds £ - - - |
Restricted funds £ - - 453,063 - |
Total Funds £ 171,735 361,930 146,914 (63,000) |
|---|---|---|---|---|
| 164,516 | - | 453,063 | 617,579 | |
| Unrestricted funds £ 134,235 178,430 (94,092) (63,512) |
Designated funds £ - - - - |
Restricted funds £ - - 235,846 - |
Total Funds £ 134,235 178,430 141,754 (63,512) |
|
| 155,061 | - | 235,846 | 390,907 |
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I WAQF CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2026
10 Change in total funds over the year as shown in Note 9 , analysed by individual funds
| Funds brought forward from 2025 Movement in funds in 2026 See Note 11 £ £ Unrestricted and designated funds:- Unrestricted Revenue Funds 155,061 9,455 Total unrestricted and designated funds 155,061 9,455 Restricted funds:- Restricted Revenue Funds 235,846 217,217 Total restricted funds 235,846 217,217 Total charity funds 390,907 226,672 11 Analysis of movements in funds over the year as shown in Note 10 Income Expenditure 2026 2026 £ £ Unrestricted and designated funds:- Unrestricted Revenue Funds 49,782 (40,327) Restricted funds:- Restricted Revenue Funds 233,217 (16,000) 282,999 (56,327) |
Funds brought forward from 2025 £ 155,061 |
Movement in funds in 2026 See Note 11 £ 9,455 |
See Note 0 £ - Transfers between funds in 2026 |
Funds carried forward to 2027 £ 164,516 |
|---|---|---|---|---|
| 155,061 | 9,455 | - | 164,516 | |
| 235,846 | 217,217 | - | 453,063 | |
| 235,846 | 217,217 | - | 453,063 | |
| 390,907 | 226,672 | - | 617,579 | |
| Other Gains & Losses 2026 £ - - |
Movement in funds 2026 £ 9,455 217,217 |
|||
| 282,999 | (56,327) | - | 226,672 |
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I WAQF CHARITABLE TRUST
Notes to the Accounts for the year ended 31 March 2026
12 The purposes for which the funds as
Unrestricted and designated funds:-
Unrestricted Revenue Funds
Unrestricted Revaluation Reserve
These funds are held for meeting the objectives of the charity, and to provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use.
These funds represent the unrestricted surplus arising on the revaluation of the charity's assets.
Restricted funds:-
Restricted Revaluation Reserve
Restricted Revenue Funds
These funds represent the restricted surplus arising on the revaluation of the charity's assets.
These funds represent the restricted surplus arising for unspent amounts, which may only be used for specific purposes.
These funds are restricted by the donor.
13 Ultimate controlling party
The charity is under the control of its legal members.
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