Charity number: 291878 ## **Fatimid Foundation** **Accounts and Trustees Report FOR THE YEAR ENDED 30/06/2022** **Prepared By:** CBS Accountants Ltd Chartered Accountant Unit17, Orbital 25 Business Park Dwight Road Watford Hertfordshire WD18 9DA ## **Fatimid Foundation** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 30/06/2022** ## **TRUSTEES** Mohammad Khaleel Chowdhree Mohammad Ilyas Ahmad Chaudhary Syed Mohsin Akhtar Afshan Chowdhree ## **REGISTERED OFFICE** 141 Ridge Lane Watford Hertforshire WD17 4SU ## **CHARITY NUMBER** 291878 ## **BANKERS** Lloyds Bank ## **ACCOUNTANTS** CBS Accountants Ltd Chartered Accountant Unit17, Orbital 25 Business Park Dwight Road Watford Hertfordshire WD18 9DA page 1 ## **Fatimid Foundation** ## **ACCOUNTS FOR THE YEAR ENDED 30/06/2022** ## **CONTENTS** ||Page| |---|---| |Report of the Trustees|3| |Independent Examiner's Statement|4| |Statement of Financial Activities|6| |Balance Sheet|7| |Notes to the Accounts|8 to 11| |Detailed Statement of Financial Activities|10| page 2 **Fatimid Foundation** **TRUSTEES' REPORT FOR THE YEAR ENDED 30/06/2022** The trustees present their report and accounts for the year ended 30/06/2022 ## **PRINCIPAL ACTIVITIES** The principal activity of the charity in the year under review was Blood bank and haematogical services . ## **STRUCTURE GOVERNANCE AND MANAGEMENT** structure and governance text goes here The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. This report was approved by the Board of Trustees on 28/07/2022 Mohammad Khaleel Chowdhree Trustee page 3 **Fatimid Foundation** ## **INDEPENDENT EXAMINER'S STATEMENT** ## **FOR THE YEAR ENDED 30/06/2022** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FATIMID FOUNDATION** I report on the accounts of the company for the year ended 30/06/2022 . ## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER** The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Institute of Chartered Accountants in England and Wales . Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - state whether particular matters have come to my attention. ## **BASIS OF INDEPENDENT EXAMINERS STATEMENT** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. page 4 **Fatimid Foundation** ## **INDEPENDENT EXAMINER'S STATEMENT** ## **FOR THE YEAR ENDED 30/06/2022** ## **INDEPENDENT EXAMINERS STATEMENT** In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 386 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached ................................................... Date: 28/07/2022 CBS Accountants Ltd Chartered Accountant Unit17, Orbital 25 Business Park Dwight Road Watford Hertfordshire WD18 9DA 01923750950 page 5 **Fatimid Foundation** ## **Statement of Financial Activities for the year ended 30/06/2022** |**Income**
Income from generated funds
Income from charitable activities
**Total Income and endowments**
**Expenses**
Costs of generating funds
Expenditure on Charitable activities
**Total Expenses**
**Net gains on investments**
**Net Income**
**Gains/(losses) on revaluation of fixed assests**
**Net movement in funds:**
**Net income for the year**
Total funds brought forward
**Net funds carried forward**|**Unrestricted**
**funds**
**£**
37,025
**37,025**
52,042
**52,042**
**(15,017)**
**(15,017)**
18,486
**3,469**|**Restricted**
**funds**
**£**
-
**-**
-
**-**
**-**
**-**
-
**-**|**2022**
**Total**
**£**
37,025
**37,025**
52,042
**52,042**
**(15,017)**
**(15,017)**
18,486
**3,469**|_2021_
_Total_
_£_
_24,275_| |---|---|---|---|---| |||||_24,275_| |||||_18,042_| |||||_18,042_| |||||_6,233_| |||||_6,233_
_12,553_| |||||_18,786_| This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities page 6 ## **Fatimid Foundation** ## **BALANCE SHEET AT 30/06/2022** |**Notes**
**CURRENT ASSETS**
Cash at bank and in hand
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CAPITAL AND RESERVES**
**Unrestricted funds**
**5**
Designated funds|3,469
3,469|**2022**
**£**
3,469
3,469
3,469
3,469|_18,786_
_18,786_|_2021_
_£_
_18,786_| |---|---|---|---|---| |||||_18,786_| |||||_18,786_| |||||_18,786_| For the year ending 30/06/2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. ## **Approved by the board of trustees on 28/07/2022 and signed on their behalf by** ............................. Mohammad Khaleel Chowdhree Trustee page 7 **Fatimid Foundation** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30/06/2022** ## **1. ACCOUNTING POLICIES** ## **1a. Basis Of Accounting** The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **1b. Incoming Resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **1c. Resources Expended** 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. ## **1d. Allocation And Apportionment Of Costs** All costs relate to the single activity of the charitable company and are recognised accordingly. ## **1e. 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. Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects. ## **1f. Cash Flow Statement** The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015). ## **1g. Turnover** Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. page 8 ## **Fatimid Foundation** ## **2. EMPLOYEES** **2022** _2021_ **No. No.** - _-_ Average number of employees **3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022** _2021_ **£** _£_ ## **4. LIMITED BY GUARANTEE** The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £, to the company should it be wound up. At 30/06/2022 there were members. ## **5. UNRESTRICTED FUNDS** |**Brought**
**forward**
**£**
18,486
18,486|**Incoming**
**resources**
**£**
37,025
37,025|**Outgoing**
**resources**
**£**
(52,042)
(52,042)|**Transfers**
**£**
-
-|**Carried**
**forward**
**£**
3,469| |---|---|---|---|---| |||||3,469| ## **6. RESTRICTED FUNDS** |**Brought**
**forward**|**Incoming**
**resources**|**Outgoing**
**resources**|**Transfers**|**Carried**
**forward**| |---|---|---|---|---| |**£**|**£**|**£**|**£**|**£**| page 9 ## **Fatimid Foundation** ## **Incoming Resources for the year ended 30/06/2022** |**Incoming resources**
**Incoming resources from generated funds**
**Charitable Activity**
From Charitable Activities 1|37,025|**2022**
**£**
37,025
37,025
37,025|_24,275_|_2021_
_£_
_24,275_
_24,275_
_24,275_| |---|---|---|---|---| page 10 |**Fatimid Foundation**||_2021_
_£_
_18,000_
_42_| |---|---|---| |**Expenses**
**for the year ended 30/06/2022**
**Expenses**
**Costs of generating funds**
**Charitable Activities**
Charitable donations
Bank charges|**2022**
**£**
52,021
21
52,042
52,042|| |||_18,042_| |||_18,042_| page 11