Registered number 1199000
AL KAUTHAR AID CIO
Report and Accounts
31 March 2023
AL KAUTHAR AID CIO Report and accounts Contents
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
AL KAUTHAR AID CIO Report of the Trustees For the year ended 31 March 2023
The trustees are pleased to present their annual report together with the financial statements of the charity for the period ended 31 March 2023.
The financial statements comply with the Charities Act 2011, the Memorandum and Articles of Association, and Accounting Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordence with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES Objectives and aims
AL Kauthar Aid is a charity organisation working in Bangladesh to strengthen humanity's fight against poverty,social injustice and natural disaster. Our objective is to advance such charitable purposes as the board members see fit from time to time.
AL Kauthar Aid believes that we can end the injustice of poverty forever. Through the provision of immediate relief and establishment of self-sustaining development programmes, we aim to invest in real and effective solutions. By establishing firm and loyal grassrootes relationships with local and national partners we are able to access some of the most hard-to-reach places in Bangladesh at the most vulnerable of times.
AL Kauthar Aid believes that our programmes paves the way for empowered, self-serving communities. We also recognise that the provision of food, medical aid and emergency shelter in times of humanitarian crisis is essential for the immediate preservation of life. As such, we value the importance of a multidimensional aid approach and dedicate our time between emergency relief and long-term development.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grant making policy for the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Al Kauthar Aid is a Charitable Incorporated Organisation and was entered on the register of charities on 18 May 2022, with registered charity number 1199000
Appointment of Trustees
Trustees are appointed and can serve more than one term.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Financial Review
Al Kauthar Aid CIO is primrily funded by donations. The total income for the year was £1,632 (2022 : £0)
The Statement of Financial Activities for the year ended 31 March 2023 shows a deficit of £218 (2022: £0)
The Balance Sheet at 31 March 2023 shows total funds of (£218) (2022: £0)
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AL KAUTHAR AID CIO Report of the Trustees Fortheyear ended 31 March 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Number
1199000
Registered office
G02 APPOLD COURT 8 GODFREY PLACE LONDON E2 7NT Trustees Abdul Hakim Appointed 18 May 2022 Raiyan Abdullah Appointed 18 May 2022 Rabia Begum Appointed 18 May 2022
Independent Examiner Anwar F Chowdhury FCCA ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays RM17 5DS
Report of the trustees, approved by order of the board of trustees, as the company directors, on 10 June 2024 and signed on the board's behalf by:
Abdul Hakim-Chairman
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Independent Examiner's Report to the Trustees of AL KAUTHAR AID CIO
Independent examiner's report to the trustees of Al Kauthar Aid CIO
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("The Charities Act") and that an independent examination, is needed.
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in accordance with section 130 of the Charity Act: or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Anwar F Chowdhury FCCA ACN Accountants Chartered Certified Accountants
41 Orsett Road Grays RM17 5DS
10 June 2024
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AL KAUTHAR AID CIO Statement of Financial Activities for the year ended 31 March 2023
| INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Other Net loss Total funds TOTAL FUNDS CARRIED FORWARD |
2023 Unrestricted Fund £ 1,632 (1,850) (218) (218) (218) |
|---|---|
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AL KAUTHAR AID CIO Registered number: Balance Sheet as at 31 March 2023
1199000
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year Net current liabilities Net liabilities FUNDS Unrestricted funds TOTAL FUNDS |
82 (300) |
2023 Unrestricted Fund £ (218) (218) (218) (218) (218) |
|---|---|---|
The financial statements were approved by the Board of Trustees on 10 June 2024 and were signed on its behalf by:
Abdul Hakim - Chairman
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AAL KAUTHAR AID CIO Notes to the Accounts for the year ended 31 March 2023
Accounting policies
Basis of prepararing 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.
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 corporation 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.
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023.
STAFF COSTS
There were no employee for the year ended 31 March 2023..
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023..
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