REGISTERED CHARITY NUMBER: 1192904
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
Sultanpur Imam Yusuf Trust
Sultanpur Imam Yusuf Trust
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 9 |
| Detailed Statement of Financial Activities | 10 |
Sultanpur Imam Yusuf Trust Reference and Administrative Details for the Year Ended 31 December 2022
TRUSTEES Mr S I Siddique Chair Ms F F Chowdhury Trustee Mr M A Ahmed Trustee PRINCIPAL ADDRESS 13 Belfield Close Rochdale 0L162XY Greater Manchester 0L162XY
PRINCIPAL ADDRESS
REGISTERED CHARITY 1192904 NUMBER
INDEPENDENT EXAMINER Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY
Page 1
Sultanpur Imam Yusuf Trust
Report of the Trustees for the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance in life and relieve needs of young people through: (a)the provision of recreational and leisure time activities (b) providing support and activities which develop their skills, capacities and capabilities. for the public benefit, the relief and assistance of people in need who are the victims of natural disaster or catastrophe. to advance the education of people in need in Bangladesh
FINANCIAL REVIEW
Funds in surplus
The charity received total income of £35,734 (2021:£31,976) during the year. After payments of outgoing expenses of £39,954 (2021: £21,065) the charity was left with a deficit of £4,220 (Surplus 2021: £10,911) for the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Approved by order of the board of trustees on 29 March 2023 and signed on its behalf by:
Mr S I Siddique - Trustee
Page 2
Independent Examiner's Report to the Trustees of Sultanpur Imam Yusuf Trust
Independent examiner's report to the trustees of Sultanpur Imam Yusuf Trust
I report to the charity trustees on my examination of the accounts of Sultanpur Imam Yusuf Trust (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
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 Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts 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 accounts to be reached.
Askir Ali Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY
29 March 2023
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Sultanpur Imam Yusuf Trust
Statement of Financial Activities
for the Year Ended 31 December 2022
| Period | |||
|---|---|---|---|
| 22.12.20 | |||
| Year Ended | to | ||
| 31.12.22 | 31.12.21 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 35,626 | 31,974 | |
| Other income | 109 | 2 | |
| Total | 35,735 | 31,976 | |
| EXPENDITURE ON | |||
| Raising funds | 2 | 429 | 442 |
| Charitable activities | |||
| Charitable activities | 39,526 | 20,623 | |
| Total | 39,955 | 21,065 | |
| NET INCOME/(EXPENDITURE) | (4,220) | 10,911 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 10,911 | - | |
| TOTAL FUNDS CARRIED FORWARD | 6,691 | 10,911 |
The notes form part of these financial statements
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Sultanpur Imam Yusuf Trust
Balance Sheet 31 December 2022
| 31.12.22 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 7,111 CREDITORS Amounts falling due within one year 5 (420) NET CURRENT ASSETS 6,691 TOTAL ASSETS LESS CURRENT LIABILITIES 6,691 NET ASSETS 6,691 FUNDS 6 Unrestricted funds 6,691 TOTAL FUNDS 6,691 |
31.12.21 Total funds £ 11,331 (420) 10,911 10,911 10,911 10,911 10,911 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 March 2023 and were signed on its behalf by:
Mr S I Siddique - Trustee
The notes form part of these financial statements
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Sultanpur Imam Yusuf Trust
Notes to the Financial Statements for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement 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 2019)', 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 Statement of Financial Activities once the charity 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 that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable 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.
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continued...
Sultanpur Imam Yusuf Trust
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
2. RAISING FUNDS
Raising donations and legacies
| Period | ||
|---|---|---|
| 22.12.20 | ||
| Year Ended | to | |
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Support costs | 429 | 442 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the period ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the period ended 31 December 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES |
|---|---|
| Unrestricted | |
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 31,974 |
| Other income | 2 |
| Total | 31,976 |
| EXPENDITURE ON | |
| Raising funds | 442 |
| Charitable activities | |
| Charitable activities | 20,623 |
| Total | 21,065 |
| NET INCOME | 10,911 |
| TOTAL FUNDS CARRIED | |
| FORWARD | 10,911 |
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continued...
Sultanpur Imam Yusuf Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | ||||
| £ | £ | ||||
| Other creditors | 420 | 420 | |||
| 6. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.1.22 | in funds | 31.12.22 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 10,911 | (4,220) | 6,691 | ||
| TOTAL FUNDS | 10,911 | (4,220) | 6,691 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 35,735 | (39,955) | (4,220) | ||
| TOTAL FUNDS | 35,735 | (39,955) | (4,220) | ||
| Comparatives for movement in funds | |||||
| Net | |||||
| movement | At | ||||
| in funds | 31.12.21 | ||||
| £ | £ | ||||
| Unrestricted funds | |||||
| General fund | 10,911 | 10,911 | |||
| TOTAL FUNDS | 10,911 | 10,911 |
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continued...
Sultanpur Imam Yusuf Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
6. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 31,976 (21,065) 10,911 31,976 (21,065) 10,911 |
|---|---|
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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Sultanpur Imam Yusuf Trust
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Detailed Statement of Financial Activities for the Year Ended 31 December 2022 |
|||
|---|---|---|---|
| Period | |||
| 22.12.2 | 0 | ||
| Year Ended | to | ||
| 31.12.22 | 31.12.21 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations | 35,626 | 31,974 | |
| Other income | |||
| Other Income | 109 | 2 | |
| Total incoming resources | 35,735 | 31,976 | |
| EXPENDITURE | |||
| Support costs | |||
| Finance | |||
| Bank charges | 9 | 22 | |
| Other | |||
| Charitable donation | 39,526 | 20,623 | |
| Governance costs | |||
| Accountancy and legal fees | 420 | 420 | |
| Total resources expended | 39,955 | 21,065 | |
| Net (expenditure)/income | (4,220) | 10,911 |
This page does not form part of the statutory financial statements
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