Registered charity number 1191609
Insan Trust
Trustee's Report and Accounts
30 June 2021
INSAN TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021
The trustees present their report and the financial statements for the year ended 30 June 2021
Structure, governance and management
Insan Trust is a Charitable Incorporated Oganisation (CIO) and registered with the Charity Commssion as a charity on 2nd October 2020 The CIO is governed by a constitution which sets out the powers of the charity. The trustees in charity law are responsible for the overall management and control of the charity working with other persons on an entirly voluntary basis.
Trustees are appointed in accordance with constitution. Once appointed, Trustees are given an introduction of the charity and its objects, Trustees are also given a full induction setting out the obligations of a trustee and provided with copies of the Charity Commission's guidance. The trustees meet every 3 months.
The trustees actively review the major risk to which the charity is exposed to on a regular basis, in particular those relating to its operations and finances. The system is established to mitigate these.
Statement of trustee's responsibilities
The trustee are responsible for the preparing the Trustees' Annual Report and financial statements in accordance with applicable law and United Kingdom generally Accepted Accounting Standard.
In these financial statements, the trustees are required to: Select suitable accounting policies and then apply then consistently; Observe the methods and principle in the Charities SORP; Make judgement and estimates that are reasonable and purdent; State whether applicable UK Accounting Statndard have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statement on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charitable trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Achievement and performance
During the year the charity had not opened a bank account due to COVID
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INSAN TRUST
BALANCE SHEET
AS AT 30 JUNE 2021
| Notes Fixed assets Current assets Cash at bank Debtors Creditors: amount falling due within one year Net current assets (liabilites) Total assets less current liabilites Creditors: amount falling due after one year Net Assets Funds Unrestricted Funds Restricted Funds |
'2021 £ £ 0 0 0 0 0 0 0 0 0 0 |
'2021 £ £ 0 0 0 0 0 0 0 0 0 0 |
|---|---|---|
| 0 0 |
||
| 0 | ||
| 0 | ||
| 0 |
Approved by the Trustees on 2nd January 2023 and signed by:
S Ahmed
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