CHARITY COMMISSION
FOR ENGLAND ANO WALES
Independent examiner's report
on the accounts
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I report lo the true88 on my ex8minatson of the accounts of tho ab
charlty llhe Trust-) for tho year ended
R•spon$lbllltlos ar As charity trustees, you are responsible for preparation of the
b•sl¥ of r•port accounts in accordance with the Charrties Act 2011 ('the Acf).
I report in respect of my examination ol the Trusfs accourrts Can out
under seclion 145 of the 2011 Act and in carrying out my examinats'on. I
have followed all the applicable Directions gNen by the Charity Commission
under section 145(Sllb) of the AIX.
Independent rrhe charty's gross incne exceeded £250,000 and l am qualthed to
examlnerfs Statement undertake the examination by being a qualified member of [insert name of
applicable listed bodyll.
I have completed my examination. I confimi that no maten
matters have
come to my attention (other than that disclosed below ") in connection with
the examination which gNes me cause to believe that in. any matenal
the accountirKJ rec(Kds were not kept in aCcrdanCe section 130
of the Ad, or
the accounts did nol accord wilh Ihe accounting records". or
the accounts did not compty wrth the applicable reQuirnents
concerning the fom and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 other than any rèauirement
that the accounts give a Irue and fair, wew which is not a matter
considered as part of an independent examinatson.
I have no cor)wns and have come across no other matteTS in connecii
wrth the examination to which attention should be drawn in this report in
order to enable a proper understanding of the accounts to be reached.
' Ple8se (klete the words in the brackets rfthey (*} not apply.
Date:
Name:
Ivc
Relevant professlonal
quallfication(s) or body
(if any):
IER
OGtober 2018
Addr".
Sl. ll
Section
Ol¥clo8iire
Onty coniplol• rf th8 •M*min•r n8eAl# lo highlighl matters of concern Isee CC32.
lrnl•p•ndonl •x•minatlon of ch•rty •ccount•. diiections and guidance for
•x•mln•rs).
Glve hw• d•t•ll¥ ol •ny
Items that ex*mln•r
wtsh•s to dl•cl¢)••
IER
October 2018
## **The ASAMAA Charitable Trust**
## **Registered with the Charity Commission, Reg No. 1199636**
## **Accounts for the year ended 5 April 2023**
## **Report of the chair of trustees**
The charity was created in March 2017 as a vehicle for charitable giving by the founding trustees and has from that date been recognised as a charity for tax purposes.
Its main areas of interest are cancer support, community services, classical music, Chislehurst-based organisations, animal welfare and education.
In previous years the Trust has made modest donations and grants to charities within its main areas of interest. During the course of 2022 an opportunity arose to purchase a property in Ilkley, Yorkshire, to provide a home for young men with learning difficulties, with care and support to enable them to develop more skills for independent living. Care and support will be provided by Carers and Companions, an organisation based in Ilkley and owned by Ilkley Community Enterprise, a registered charity.
Given the scale of the investment and its long-term nature, three new trustees were recruited, and the trust was registered for the first time with the Charity Commission.
At 5 April 2023 the trustees of the charity were:
Anthony Allen (founding trustee and chair) Marion Allen (founding trustee) Zoe Dooley (appointed May 2022) Joanna Friel (appointed May 2022) Anthony Wiffen (appointed May 2022)
Anthony Allen Chair of trustees 20 September 2023
The ASAMAA Charitable Trust
## **The ASAMAA Charitable Trust**
## _**Statement of financial activities Year ended 5 April 2023**_
|**The ASAMAA Charitable Trust**
**_Statement of financial activities_**
**_Year ended 5 April 2023_**||
|---|---|
|Notes
Incoming Resources
Donations
2
Gift Aid reclaimable
Interest received
Resources expended
Charitable activities
3
Fees and expenses
4
Net income
Funds brought forward
**Funds carried forward**|2023
_2022_
£491,634
_£10,026_
127,941
_0_
42
_0_|
||619,617
_10,026_|
||13,200
_36,438_
3,402
_-31_|
||16,602
_36,407_|
||603,015
_-26,381_
11,508
_37,889_|
||**£614,523**
**_£11,508_**|
2
The ASAMAA Charitable Trust
## **The ASAMAA Charitable Trust**
## _**Balance Sheet 5 April 2023**_
|**The ASAMAA Charitable Trust**
**_Balance Sheet_**
**_5 April 2023_**||
|---|---|
|Notes
Fixed Assets
5
Current Assets:
Cash
Debtors
2
Total current assets
Total assets
Less creditors
6
**Net Assets**|2023
_2022_
£487,259
_£0_
437,972
_11,508_
127,941
_0_|
||565,913
_11,508_|
||1,053,172
_11,508_
438,649
_0_|
||**£614,523**
**_£11,508_**|
The notes on pages 4-6 form a part of these accounts.
Accounts approved by the trustees, and signed by the chair of trustees
Anthony Allen 20 September 2023
3
The ASAMAA Charitable Trust
## **Notes to the accounts**
## **Note 1. Accounting policies**
## _**1.1 Basis of accounting**_
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
- the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
- and with the Charities Act 2011.
## _**1.2. Going Concern**_
There are no uncertainties related to events or conditions that cast doubt on the charity's ability to continue as a going concern.
## _**1.3 Income**_
## _**1.3.1 Recognition of income**_
Income is included in the Statement of Financial Activities when:
- the charity becomes entitled to the resources;
- it is more likely than not that the trustees will receive the resources; and
- the monetary value can be measured with sufficient reliability.
## _**1.3.2 Offsetting**_
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
## _**1.3.3 Grants and donations**_
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
## _**1.3.4 Government grants**_
The charity has received no government grants in the reporting period
## _**1.3.5 Tax reclaims on donations and gifts**_
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor specified otherwise.
## _**1.3.6 Support costs**_
The charity has incurred no expenditure on support costs.
## **1.3.7 Income from interest, royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
## _**1.4 Expenditure and Liabilities**_
## _**1.4.1 Liability recognition**_
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## _**1.4.2 Creditors**_
The charity has creditors which are measured at settlement amounts less any trade discounts
## _**1.4.3 Provisions for liabilities**_
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date
## _**1.5 Assets**_
## _**1.5.1 Property**_
Property purchased for use by charity is valued at cost, less any impairment, which will be reviewed every three years. No depreciation is applied to property.
4
The ASAMAA Charitable Trust
## _**1.5.2 Debtors**_
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
## **Note 2. Analysis of Income**
## _**2.1 Donations**_
All donations were made by the founding trustees. These include costs disbursed by them on behalf
of the charity of £2,556 related to the purchase of the Ilkley property, being:
Legal Fees, £1,606 Advance on purchase legal fees, £350 Survey costs £600
## _**2.2 Gift Aid recoverable, £127,941**_
A prior year adjustment of £5,033 is included for gift aid claims in respect of donations in:
2021 – 25% on £10,108 – £2,527
2022 – 25% on 10,026 - £2,506
Gift aid repayments will be claimed in respect of donations in 2023 – 25% on £491,634 - £122,980
## **Note 3. Charitable Activities**
Grants made to institutions during the year
|**_Names of institution_**|**_Purpose_**|**_Total amount of grants_**|
|---|---|---|
|Ilkley Community Enterprise|Supporting learning|£10,000|
||disability||
|Friends of Scadbury Park|Chislehurst based|100|
||environment||
|English National Opera|Education|1,500|
|Lee Grove Club|Supporting learning|1,600|
||disability||
|**_Total grants to institutions during the year_**||**£13,200**|
_**Last year:**_
## _**13.3 Analysis of grants paid (included in cost of charitable activities)**_
|**_Analysis_**|**_Institutions_**||**_Individuals_**|**_Total_**|
|---|---|---|---|---|
|Classical Music
|£24,600|||£24,600|
|Education|5,000|-||5,000|
|Cancer Support|1,000|-||1,000|
|Animal Welfare|1,500|||1,500|
|Chislehurst Based environment|4,338|-||4,338|
|**_Total_**|**_£36,438_**|**_-_**||**_£36,438_**|
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## The ASAMAA Charitable Trust
## **4. Fees and expenses**
|Independent examiner’s fees
Transaction fees
Fund management fees
Legal Fees
**Total**
**. Purchase of fxed assets**
Purchase of 9 Regent Road, Ilkley
Purchase Price
Costs of purchase
Legal
Search etc
Survey
**_Total cost of purchase_**|This year
_Last year_
£840
_£0_
60
_0_
896
_31_
1,606
_0_
**£3,402**
**_£31_**
£485,000
1,182
477
600
2,259|
|---|---|
||**_£487,259_**|
## **5. Purchase of fixed assets**
This property was purchased to be used as accommodation for selected individuals with severe learning difficulties to develop skills to enable them to lead more independent lives Exchange took place on 5 April Deposit paid, 5 April 48,500 Accrual for payment due on completion, 5 May £438,759
## **6. Creditors**
|**. Creditors**|||
|---|---|---|
||This year|_Last year_|
|Independent examiner fees|£840|_£0_|
|Completion payment on purchase of 9 Regent Road (paid 5|438,759||
|May 2023)|||
|**_Total_**|**_£438,649_**|**_£ 0_**|
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