Charity registration number: 1210440
ICANYOUCANTOO FOUNDATION TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 11 OCTOBER 2024 TO 31 AUGUST 2025
Rose & Co Tax Advisory Ltd
Icanyoucantoo foundation Contents
| Page | |
|---|---|
| Trustees' Report | 1—2 |
| Accountant's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6—8 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 9 |
Icanyoucantoo foundation Trustees' Report For the Period 11 October 2024 to 31 August 2025
The trustees present their report and the financial statements for the period ended 31 August 2025.
Objectives and Activities
Aims and Objectives
The aim of the charity is to advance in life and relieve the needs of young people who are from socially and economically disadvantaged backgrounds and communities by making grants and donations to:
A - Develop their skills, capacities and capabilities to enable them to participate in society as mature and responsibile individuals and;
B - relieve their poverty or financial hardship including that of their families by providing or assisting in the provision of essentials items or goods.
Public Benefit
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Reference and Administrative Details
Trustees
Mr Nirad Varni - Chair Mr Kudakwashe Mika Mr Sunad Joshi
Charity Number
1210440
Principal Address
37 Parkdale Road Thurmaston Leicester LE4 8JQ
Accountants
Rose & Co Tax Advisory Ltd 32 Malmesbury Road South Woodford E18 2NN
Page 1
Icanyoucantoo foundation Trustees' Report (continued) For the Period 11 October 2024 to 31 August 2025
The trustees' report was approved by the board of trustees and signed on its behalf by:
Nirad Varni
Mr Nirad Varni Trustee Date
02 Jun 2026
Page 2
Icanyoucantoo foundation Accountant's Report For the Period 11 October 2024 to 31 August 2025
Accountant's report to the board of trustees on the preparation of the unaudited statutory accounts of Icanyoucantoo foundation for the period 11 October 2024 to 31 August 2025.
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of Icanyoucantoo foundation for the period 11 October 2024 to 31 August 2025 which comprise the Statement of Financial Activities (including Income and Expenditure Account), Statement of Financial Position and the related notes from the charity’s accounting records and from information and explanations which you have provided us with.
This report is made solely to the board of trustees of the charity, as a body, in accordance with our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of Icanyoucantoo foundation , and state those matters that we have agreed to state to the board of trustees of the charity, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Icanyoucantoo foundation and its board of trustees, as a body, for our work or for this report.
It is your duty to ensure that Icanyoucantoo foundation has kept sufficient accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus or deficit of the charity. You consider that Icanyoucantoo foundation is exempt from the requirement to have a statutory audit or an independent examination for the period 11 October 2024 to 31 August 2025.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Date
Rose & Co Tax Advisory Ltd 32 Malmesbury Road South Woodford E18 2NN
Page 3
Icanyoucantoo foundation Statement of Financial Activities For the Period 11 October 2024 to 31 August 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 EXPENDITURE ON: Raising funds 4 NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 8 |
31 August 2025 Unrestricted funds £ 15,950 |
|---|---|
| (1,568 ) | |
| 14,382 | |
| 14,382 - |
|
| 14,382 |
The notes on pages 6 to 8 form part of these financial statements.
Page 4
Icanyoucantoo foundation Statement of Financial Position As At 31 August 2025
| Notes CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 7 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 8 behalf of the board Mr Nirad Varni Trustee te Nirad Varni 02 Jun 2026 |
31 August 2025 Unrestricted funds £ 15,552 |
|---|---|
| 15,552 (1,170 ) |
|
| 14,382 | |
| 14,382 | |
| 14,382 | |
| 14,382 | |
| 14,382 | |
The notes on pages 6 to 8 form part of these financial statements.
Page 5
Icanyoucantoo foundation Notes to the Financial Statements For the Period 11 October 2024 to 31 August 2025
1. General Information
Icanyoucantoo foundation is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1210440 . The principal address is 37 Parkdale Road, Thurmaston, Leicester, LE4 8JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements 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 charity is a Public Benefit Entity as defined by FRS 102.
2.2. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.
Restricted funds are to be used for specific purposes as laid down by the donor.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2.3. Incoming Resources
Income is recognised in the statement of Financial Activities (SoFA) when:
The charity becomes entitled to the resources It is more likely than not that the trustees will receive the resources The monetary value can be measured with sufficent reliability.
2.4. Resources Expended
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.
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.6. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
2.7. 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 or the terms of the appeal have specified otherwise.
3. Income from Donations and Legacies
| . Income from Donations and Legacies |
|
|---|---|
| 31 August | |
| 2025 | |
| Unrestricted | |
| funds | |
| £ | |
| Donations and gifts | 15,950 |
Page 6
Icanyoucantoo foundation Notes to the Financial Statements (continued) For the Period 11 October 2024 to 31 August 2025
| 4. Analysis of Expenditure Raising funds 5. Support Costs General administration 6. Average Number of Employees Average number of employees during the period was: NIL 7. Creditors: Amounts Falling Due Within One Year Accruals and deferred income 8. Movement in Funds Unrestricted funds General: General unrestricted fund Total funds |
As at 11 October 2024 £ - |
Activities undertaken directly £ 367 |
Support costs (see note 5 ) £ 1,201 |
31 August 2025 Total £ 1,568 |
|---|---|---|---|---|
| Income £ 15,950 |
Expenditure £ (1,568 ) |
31 August 2025 Raising funds £ 1,201 |
||
| 31 August 2025 £ 1,170 |
||||
| As at 31 August 2025 £ 14,382 |
||||
| - | 15,950 | (1,568 ) | 14,382 |
- Transactions with Trustees
During the period there were no expenses reimbursed to the trustees or paid directly to third parties.
31 August 2025 £
Page 7
Icanyoucantoo foundation Notes to the Financial Statements (continued) For the Period 11 October 2024 to 31 August 2025
10. Related Party Disclosures
There have been no related party transactions in the reporting period.
Page 8
Icanyoucantoo foundation Detailed Statement of Financial Activities For the Period 11 October 2024 to 31 August 2025
| INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts EXPENDITURE ON: Raising funds JustGiving charges Accountancy fees Bank charges NET INCOME |
31 August 2025 Total funds £ 15,950 |
|---|---|
| 15,950 | |
| 15,950 (367) (1,171) (30) |
|
| (1,568) | |
| (1,568) | |
| 14,382 |
Page 9
Issuer
Rose & Co
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Tue, 2nd Jun 2026 9:13:37 BST Tue, 2nd Jun 2026 9:13:38 BST Tue, 2nd Jun 2026 9:13:38 BST
Mr Nirad Varni - Signer (4937cb45f63907d39545bd32ee4c0954) Mr Kudakwashe Mika - Copied In (692f64e764ed58fd4a853b2f32acdcda) Mr Sunad Joshi - Copied In (90f56c8987b5d64a053251962d19241d)
Audit history log
Date
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Tue, 2nd Jun 2026 9:06:09 BST Envelope generated with fingerprint 88318ff84990fa96b53db07a554fa550 (35.176.231.177) Tue, 2nd Jun 2026 9:06:09 BST Document generated with fingerprint 3f664d372381918a91ee7844dbd67c02. (35.176.231.177) Tue, 2nd Jun 2026 9:06:09 BST Document generated with fingerprint d0750e2b7e81fdfcef9e7c63588bed2c. (35.176.231.177) Tue, 2nd Jun 2026 9:06:09 BST Mr Nirad Varni has been assigned to this envelope. (35.176.231.177) Tue, 2nd Jun 2026 9:06:09 BST Mr Kudakwashe Mika has been assigned to this envelope. (35.176.231.177) Tue, 2nd Jun 2026 9:06:09 BST Mr Sunad Joshi has been assigned to this envelope. (35.176.231.177) Tue, 2nd Jun 2026 9:06:25 BST Envelope generated Tue, 2nd Jun 2026 9:06:25 BST Sent the envelope to Mr Nirad Varni for signing Tue, 2nd Jun 2026 9:06:27 BST Document emailed to party email Tue, 2nd Jun 2026 9:12:14 BST Mr Nirad Varni viewed the envelope (80.169.146.178) Tue, 2nd Jun 2026 9:13:14 BST Mr Nirad Varni viewed the envelope (80.169.146.178) Tue, 2nd Jun 2026 9:13:37 BST Mr Nirad Varni signed the envelope (80.169.146.178) Tue, 2nd Jun 2026 9:13:38 BST Sent the envelope to Mr Kudakwashe Mika for signing (80.169.146.178) Tue, 2nd Jun 2026 9:13:38 BST Sent the envelope to Mr Sunad Joshi for signing (80.169.146.178) Tue, 2nd Jun 2026 9:13:38 BST This envelope has been signed by all parties (80.169.146.178) Tue, 2nd Jun 2026 9:13:38 BST Signed document confirmation emailed to party email (80.169.146.178) Tue, 2nd Jun 2026 9:13:38 BST Signed document confirmation emailed to party email (80.169.146.178)
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