## **Pove** rt **y** Re **lie** f **Funds SCIO**
OSCR REGISTERED CHARITY NUMBER: **SC053035**
## **Trustees Annual Report And Financial Statements**
**For Year Ending 31[st] January 2025**
**POVERTY RELIEF FUNDS SCIO**
**Contents of the Financial Statements for the Year Ended 31[st] January 2025**
|**Subjects**|**Page Number**|
|---|---|
|**Charity Information**|**3**|
|**Report of the Trustees**|**4-6**|
|**Statement of Financial Activities**|**7-8**|
|**Balance Sheet**|**9**|
|**Notes to the Financial Statements**|**10-13**|
|**Report of the Independent Examiner**|**13-14**|
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**POVERTY RELIEF FUNDS SCIO**
## **Charity Information**
Poverty Relief Funds SCIO
**For the Year Ended 31[st] January 2025**
## **TRUSTEES (for OSCR):**
## **REGISTERED OFFICE:**
44 Meadowhill, Newton Mearns, Glasgow, G77 6SX
## **CONTACTS:**
Website: Not yet available.
## **REGISTERED NUMBER:**
Registered Name: Poverty Relief Funds SCIO
OSCR REGISTERED SCOTTISH CHARITY NUMBER: **SC053035**
## **INDEPENDENT EXAMINER:**
Ali & Associates Accountants Chartered Certified Accountants 585 London Road, Bridgeton, Glasgow, G40 1NE
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**POVERTY RELIEF FUNDS SCIO**
## **Report of the Trustees**
## **Trustee's Annual Report and Accounts for the year ended 31[st ] January 2025 Charity Number: SC053035**
This report is prepared in accordance with current statutory requirements, the constitution of the charity and the Statement of Recommended Practice (SORP) Accounting and Reporting by charities.
## **About Poverty Relief Funds SCIO**
**Poverty Relief Funds SCIO** was established on 4[th] January 2024 by the initiative of three dedicated local doctors. This organization covered the geographical Spread: UK and overseas. Our registered beneficiaries: Children or young people: Older People; and People with a particular needs.
Types of activity undertaken: It makes grants, donations or gifts to organizations.
## **Aims and Objectives:**
1. The prevention or relief of poverty
2. The advancement of education
3. The relief of those in need by reason of age, ill-health, disability, financial hardship or other disadvantage
## **Current Work Programmes:**
The following activities are performed by the organization:
Food parcel Buying household necessities Cash donations
## **Activities and Achievements for the last year**
There are multiple activities taking place weekly/daily done by Poverty Relief Funds SCIO during the above-mentioned period. Summary of them are as follows –
1. Distribtuion of foods directly to the needy
2. Provided food parcel via local charity like Glasgow Central Mosque
3. Donations to other registered charity – local and overseas
4. Cash donations
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**POVERTY RELIEF FUNDS SCIO**
## **Governing Document**
Poverty Relief Funds SCIO is a charity registered in Scotland. Its governing document is its constitution which was agreed and adopted on 4[th] January 2024. We seek to review and update it in our next session 2026.
## **Recruitment and appointment of the Trustees**
As set out in the constitution, four trustee members will have permanent life trusteeship. They can retire but they must be replaced by someone to hold the same status.
If the Charity at a meeting which the trustee retires does not fill the vacancy of the retiring trustee, he shall, if willing to act, be deemed to have been reappointed unless at the meeting it is resolved not to fill the vacancy of the retiring trustee, or unless a resolution for the reappointment of the trustee is put to the meeting and lost.
## **Trustee Remuneration and Expenses**
The Trustees will not receive any compensation for their services as Trustees.
## **Financial Review**
Accounting refence is 31st January 2025.
We refer to Statements of Financial Activities (Income and Expenditures) and Balance Sheet in the following pages (page 8 to 15) for detailed financial review.
The charity is reporting a surplus of £9,901 in unrestricted funds in the year ended 31 January 2025.
Total expenditure was £600 during the last financial year.
## **Plans for the Future**
We plan to continue with delivering current core services and activities.
## **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 hazard, fraud, and error.
## **Statements of Director’s responsibilities**
The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and SORP (Statement of Recommended Practice). The law requires Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable organization for that period. The Trustees are also responsible for keeping proper records and paperwork.
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**POVERTY RELIEF FUNDS SCIO**
## **Independent Examiner**
As per the consensus of the Board of Trustees Ali & Associates Accountancy, FCCA will act and remain as an Independent Examiner in office in the foreseeable future.
May Allah accept our all efforts and multiply our rewards until the Day of Judgment. Ameen
This report and accounts were approved for and on behalf of Poverty Relief Funds SCIO by-
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**POVERTY RELIEF FUNDS SCIO**
## **Poverty Relief Funds SCIO**
## **Statements of Financial Activities**
**for the period from 4 January 2024 to 31 January 2025**
|**Notes**
**Incoming Resources**
1(c)
Donations received
Collection for associated charities
**Total Incoming resources**
**Resources Expended**
1(d)
**Charitable activities expenditures**
**a) DEVELOPMENT EXPENDITURES**
Other Project cost/expenses
Volunteer expenses
**Sub-Total**
**b) ADMIN AND OTHER EXPENSES**
Charity Iftar and Dinner
Depreciation
Office Expenses
Printing, postage, stationery & literature
Others (incl. Bank charges)
Repairs and maintenance
Other Expenses
Paid to associated charities
**Sub-Total**
**Total charitable activities cost**
**c) GOVERNANCE EXPENDITURES**
Independent examination or audit
**Sub-Total**
**Total Resources Expended**|**Unrestricted**
**Funds**
**£**
10,501
-
10,501
-
-
**-**
-
-
-
-
-
-
200
400
**600**
**600**
-
**-**
**600**|**Restricted**
**Funds**
**£**
-
-
-
-
**-**
-
-
-
-
-
-
-
-
**-**|**2025**
**Total**
**£**
-
-|
|---|---|---|---|
||||-|
||||-
-|
||||**-**|
||||-
-
-
-
-
-
-
-|
||||**-**|
|||||
|||**-**|**-**|
|||-
**-**
**-**|-|
||||**-**|
|||||
||||**-**|
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POVERTY RELIEF FUNDS SCIO
Net mcwements in funts
9.1
Fund Transfor
TO Funds brought lopmard
Total funds carried forward
This and accounts were appn)ved for and on behalf of Poverty Relief Funds SCIO by-
**POVERTY RELIEF FUNDS SCIO**
## **Poverty Relief Funds SCIO Balance Sheet as at 31 January 2025**
|**Notes**
**Fixed assets**
Tangible assets
**Current assets**
Cash in hand and at Bank
**Creditors: amounts falling due within one year**
3
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than**
**one year**
**Net assets**
**The Funds of the Charity**
Revaluation reserve
Unrestricted Income Funds
4
Restricted Income Funds
**Total Charity funds**|**10,101**
**(200)**|**2025**
**£**
**-**
**9,901**|
|---|---|---|
||||
|||**9,901**
**-**|
|||**9,901**|
|||**-**
**9,901**
**-**|
|||**9,901**|
This report was approved by the board of Trustees on 5 April 2025 and signed on its behalf.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
## **Following notes are mandatory parts of the financial statements and reports.**
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**POVERTY RELIEF FUNDS SCIO**
## **Poverty Relief Funds SCIO Notes to the Accounts**
**for the period from 4 January 2024 to 31 January 2025**
## **1 Accounting policies**
## **(a) Basis of accounting**
The financial statements are prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant Notes to these financial statements.
The financial statements 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 for Smaller Entities (effective January 2015), the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006. The principal accounting policies adopted in the preparation of the financial statements are set out below.
## **Change in basis of accounting**
Transition to FRSSE SORP 2015
Due to the application of the Financial Reporting Standard for Smaller Entities 2015 and the related Statement of Recommended Practice: Accounting and Reporting by Charities, the prior year figures have been restated to reflect the required reporting categories. This has resulted in Governance Costs being reclassified within the costs of Charitable Activities. There has been no change to the previously reported surplus or closing reserves.
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
## **Changes to previous accounts**
No changes have been made to accounts for previous years.
## **(b) Nature and purpose of funds**
Funds are classified as either restricted funds or unrestricted funds, defined as follows.
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity.
Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted fund for the day-today running of the charity.
## **(c) Incoming resources**
All incoming resources are recognised once the charity has entitlement to the resources. Voluntary income is received by way of donations from individuals within the local community.
## **Recognition of incoming**
**resources**
These are included in the Statement of Financial Activities (SoFA) when:
· the charity becomes entitled to the resources;
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**POVERTY RELIEF FUNDS SCIO**
- the trustees are virtually certain they will receive the resources; and
· the monetary value can be measured with sufficient reliability. Where incoming resources have related **Incoming resources with related** expenditure (as with fundraising or contract income) the incoming resources and related expenditure are **expenditure** reported gross in the SoFA. Grants and donations are only included in the SoFA **Grants and donations** when the charity has unconditional entitlement to the resources. Incoming resources from tax reclaims are included **Tax reclaims on donations and** in the SoFA at the same time as the gift to which **gifts** they relate. This is only included in the SoFA once the related **Contractual income and** goods or services have been delivered. **performance related grants** Gifts in kind are accounted for at a reasonable **Gifts in kind** estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably **Donated services and facilities** quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. The value of any voluntary help received is not included in the accounts but is described in the **Volunteer help** trustees’ annual report. This is included in the accounts when receivable. **Investment income** This includes any gain or loss on the sale of investments and any gain or loss resulting from **Investment gains and losses** revaluing investments to market value at the end of the year.
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**POVERTY RELIEF FUNDS SCIO**
## **(d) EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
**Governance costs**
Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
Where the charity gives a grant with conditions for its payment being a specific level of service or **Grants with performance** output to be provided, such grants are only **conditions** recognised in the SoFA once the recipient of the grant has provided the specified service or output. These are only recognised in the accounts when a commitment has been made and there are no **Grants payable without** conditions to be met relating to the grant which **performance conditions** remain in the control of the charity.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating **Support Costs** property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **(e) Charitable activities expenditures**
Charitable expenditure comprises of those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the direct pay and support costs relating to those activities.
## **(f) Tangible fixed assets and depreciation**
## **Tangible fixed assets for use by charity**
Charity does not own the premises outright.
These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt.
The freehold property is valued at historic cost and it is not depreciated, as the community centre premises is considered to have a useful life as a building of greater than 50 years and so any depreciation charge is considered immaterial.
## **Investments**
The charity does not have any investment assets.
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**POVERTY RELIEF FUNDS SCIO**
## **Stocks**
No tock but if there is any stock is valued at the lower of cost and net realisable value.
|**2 Net movements in funds**
Total Incoming resources
Total Resources Expended
**3**
**Creditors: amounts falling due within one year**
Other creditors
**4 Funds of the Charity**
Total Funds brought forward
Net movements in funds
Total funds carried forward|**2025**
**£**
10,501
600|
|---|---|
||£9,901|
||**2025**
**£**
200|
||**2025**
**£**
-
9,901|
||9,901|
## **5 Financial review**
Please see page 6 for financial review.
## **Independent examiner's report to the trustees of Poverty Relief Funds SCIO**
I report on the financial statements for the year ended 31 January 2025 which are set out above pages.
## **Responsibilities of the trustees and the independent examiner**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006. Charities (Regulation and Administration) (Scotland) Act 2023; Statement of Recommended Practice (SORP) Charity SORP 2005, Charity SORP 2014 - FRSSE and FRS 102.
The charity trustees consider that an audit is not required under the section 144 (2) of the Charities Act 2011 but the accounts are subject to independent examination. Having satisfied myself that the charity is not subject to audit under charity law, or otherwise, and is eligible for independent examination, it is my responsibility to:
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POVERTY RELIEF FUNDS SCIO
examine the accounts as required under section 44(1) (c) of The 25 Act and unthr Section 145 of
the Charites Aci 2011 and
10 51alc whetr particular wnaltrrs havc con* io wny atlcnlion.
Basis of Inde
endent Examiner's Statement
I conducted my examination in accordance with Regulation I l of ChaJities Accounts {Sclnd) Regulations
2(X16. An cxamination includcs a r¢vi¢w of ih¢ arcounling rrciyds kcpi by lh¢ charity and a COTnparison of thc
accounis presented with ihose records. li also inclu(ks consithrdiion of any unusual iiems or dIlOsureS in ihe
accounts and seeks explanations from t1 trustees concerning any such matters. Tr procedures undertaken do
not provide all evidence thal would Lr rEquirEd in an audit, and information supplied by the irustecs in the
course of the examination is not subjected to audii iests or enquiries. and consequenily I do noi express an audit
opinion on the view given by the accounts. and in particular. l express no opinion as to whether the accounts
give a trne and fair view of ihe affair5 of tk charity. and my report is limited io Ihe matters sel oui in the
statement Etlow. I planned and rfOrmed our examinatlOD SO &S to saiisfy myself that the objectives of the
independent examination were achieved and before fjnalising the I obtain written assurances from the
trustees of all material mattrs.
I can confirni ihdt ihis IS d reiM)rt in re5peci of an exInalI0n Ced oui under seciion 4411) (cl of ihe Aci
conducted in accordance with the guidance issued by the OfFice of the Sc(*tish Charity Regulator (OSCR): and
that in the course of my examination. no matter has come to rny attention=_
l. Which gives me a r¢asonablc cause that in any material asp¢ct th¢ following rcquirctnents:
to keep accounting records in accordance with Section 44 (1) (a) of the 2(X)5 Acl and Regulation 4
of the 2(K)6 Accounts Regulation, and
to prepare financial statements thal accord with the accounting records and comply with
Reguldlion 8 of the ?(Xkn Accounis Reguldllons
or
2. To which, in my opinion, attention should drawn in order to enable a proper understanding of
the financial records lo be reached.
0510412025
(SLqmp)
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