UANTUM SEVEN ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2024
QUANTUM SEVEN FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
TRUSTEES REPORT
The trustees present their report and the projected financial statements for the year ended 31 MARCH 2024
Chair (Unpaid) Zubair Birgeoglu Trustee (Unpaid) Ayesha Imran Trustee (Unpaid) Halit Ekrem Sevkli Trustee (Unpaid) Azim Ul Hassan Kidwai
Principal Activity
The principal activiW is General Charitable purposes
Trustees Responsibilities
The Charities Acts require the Board of Trustees 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 of deficit of the charity. In preparing those financial Statements the board is required to:
-
Select suitable accounting policies and then apply them consistently.
-
Make judgments and estimates that are reasonable and prudent and prepare the financial
-
Statements on 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 and explained in financial Statements. The trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position Of the charities and enable them to ensure that the financial statements comply with regulations made under the Charities Act. The Trustees are also responsible for the contents of the trustees report.
Approved by the Trustees on 19 May 2025
By order of the Committee
Zubair Birgeoglu Ayesha Imran Halit Ekrem Sevkli Azim Ul Hassan Kidwai
QUANTUM SEVEN
CIO Registered Number 1203893
Trustees Report and Accounts for the year ended 31 March 2024
| INCOMING RESOURCES Grants and Donations Charitable Trading Hmrc Grants TOTAL INCOMING RESOURCES RESOURCES EXPENDED Direct Charitable Expenditure Administration and Advisory Services TOTAL RESOURCES EXPENDED SURPLUS/(DEFICIT) FOR THE YEAR TRANSFER BALANCE BROUGHT FORWARD CARRIED FORWARD |
2024 2024 2024 2024 Restricted Designated Unrestricted Total £ £ £ £ £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 |
|---|---|
| £0.00 £0.00 £0.00 £0.00 |
|
| £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 |
|
| £0.00 £0.00 £0.00 £0.00 |
|
| £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 |
|
| £0.00 £0.00 £0.00 £0.00 |
|
| £0.00 £0.00 £0.00 £0.00 |
QUANTUM SEVEN
CIO Registered Number 1203893
Trustees Report and Accounts for the year ended 31 March 2024
| FIXED ASSETS Property CURRENT ASSETS Amounts Due and Prepayments Cash at Bank and in Hand Debtors CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS LIABILITIES CHARITY FUNDS Funds TOTAL CHARITY FUNDS Accounts approved by Trustees: Zubair Birgeoglu Ayesha Imran Halit Ekrem Sevkli Azim Ul Hassan Kidwai |
FIXED ASSETS Property CURRENT ASSETS Amounts Due and Prepayments Cash at Bank and in Hand Debtors CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS LIABILITIES CHARITY FUNDS Funds TOTAL CHARITY FUNDS Accounts approved by Trustees: Zubair Birgeoglu Ayesha Imran Halit Ekrem Sevkli Azim Ul Hassan Kidwai |
2024 £ £0.00 0.00 0.00 0 £0.00 0.00 |
|---|---|---|
| £0.00 | ||
| £0.00 | ||
| £0.00 | ||
| £0.00 | ||
QUANTUM SEVEN
CIO Registered Number 1203893
Trustees Report and Accounts for the year ended 31 March 2024
I.ACCOUNTING POLICIES
Basis
The accounts have been prepared under the historical cost convention and in accordance with;
-
Accounting by Charities - of Recorrmended Practice (SORP 2005);
-
and W'ith Financial reporting standards for Smaller Enterprises (FRSSE);
-
and with the Charities Act 2011
The Charitable Incorporated Organisation (CIO) 1203893 was registered on July 2023. to take forward the work of the Unincorporated Association. This
is further explained in the introduction to the Trustees Annual Report
Change in basis of accounting
Enployees are Shown as average nurrber of full equivalents for the year. Previously number Of employees at the end Of year was shown. The comparative has been updated accordinalv. Incoming resources Incoming resources are recognised or-I a receivable basis
Expenditure and liabilities
Liabilities are recognised on an accruals basis
Fixed Assets and Depreciation
Fixtures and fittings are depreciated at 20% of written down value The minibus has been depreciated at 35% of written down value
2.GRANTS AND DONATIONS RECEIVABLE
| Donations Grants Other Donations 3.1NCOME FROM CHARITABLE TRADING (UNRESTRICTED) |
2024 £ £0.00 £0.00 |
|---|---|
| 0.00 | |
| £0.00 |
QUANTUM SEVEN
CIO Registered Number 1203893
Trustees Report and Accounts for the year ended 31 March 2024
| DIRECT CHARITABLE EXPENDITURE | 2024 | 2024 | ||
|---|---|---|---|---|
| Restricted | Designated | |||
| £ | £ | |||
| Day Centre Cost | ||||
| Payroll | £0.00 | £0.00 | ||
| Meals for clients | £0.00 | £0.00 | ||
| Other and Depreciation | £0.00 | £0.00 | ||
| Refurbishment | £0.00 | £0.00 | ||
| £0.00 | £0.00 | |||
| £0.00 | £0.00 | |||
| Community Service Costs | ||||
| Payroll | £0.00 | £0.00 | ||
| Rent/Utlilities/other | £0.00 | £0.00 | ||
| Other | £0.00 | £0.00 | ||
| £ | - | £ | - | |
| ADMINISTRATION AND ADVISORY SERVICES (UNRESTRICTED) | ||||
| Telephone | £0.00 | £0.00 | ||
| Donations | £0.00 | £0.00 | ||
| Bank charges | £0.00 | £0.00 | ||
| £0.00 | £ | - |
||
| EMPLOYEES | ||||
| The average nurtber Of full equivalent enployees for the year was:- | ||||
| Travel | £0.00 | £0.00 | ||
| Adrnnistration | £0.00 | £0.00 | ||
| Community Services | £0.00 | £0.00 | ||
| Total | £0.00 | £0.00 | ||
| Note- All staff are employee, no agency staff have been employed |
| CREDITORS Amount falling due within one year:- Paye/wages Accountancy Fee Utilities |
2024 £0.00 £0.00 £0.00 £0.00 |
|---|---|
| £0.00 |
QUANTUM SEVEN
CIO Registered Number 1203893
Trustees Report and Accounts for the year ended 31 March 2024
ANALYSYS OF NET ASSETS BETWEEN FUNDS
| FIXED ASSETS |
NET CURRENT ASSETS |
TOTAL | |
|---|---|---|---|
| £ | £ | £ | |
| 0.00 | |||
| Funds (bank) | 0.00 | 0.00 | 0.00 |
| 0.00 | 0.00 | 0.00 | |
| RESTRICTED FUNDS | |||
| Balance as at | 0.00 | 0.00 | |
| DESIGNATED FUNDS | 0.00 | ||
| Balance as at 31 March 2024 | 0.00 | 0.00 | |
| UNRESTRICTED FUNDS | 0.00 | ||
| 0.00 | |||
| Balance as at 31 2024 | 0.00 | 0.00 |
FURTURE COMMITMENTS
The tustees have no material furture commitments as at 31 March 2024 other than those shown in the accounts.