REGISTERED COMPANY NUMBER:
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REGISTERED CHARITY NUMBER:
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REPORT OF THE TRUSTEES AND |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 5TH APRIL 2019 |
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FOR |
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AL-FOUZ TRUST |
REGISTERED COMPANY NUMBER:
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REGISTERED CHARITY NUMBER:
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REPORT OF THE TRUSTEES AND |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 5TH APRIL 2019 |
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FOR |
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AL-FOUZ TRUST |
AL-FOUZ TRUST |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5TH APRIL 2019 |
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Report of the Trustees | 1 | to | 2 |
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Independent Examiner's Report | 3 | to | 4 |
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Statement of Financial Activities | 5 |
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Balance Sheet | 6 | to | 7 |
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Notes to the Financial Statements | 8 | to | 12 |
AL-FOUZ TRUST (REGISTERED NUMBER: 06780443) |
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REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 5TH APRIL 2019 |
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The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their |
report with the financial statements of the charity for the year ended 5th April 2019. The trustees have adopted |
the provisions of 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 2015). |
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STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited |
by guarantee, as defined by the Companies Act 2006. |
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REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
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Registered Charity number |
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Registered office |
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Trustees |
Dr M J H Qureshi Consultant psychiatrist |
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Mr M A Abbasi Engineering manager |
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Mr W Alghanim General manager |
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Company Secretary |
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Independent Examiner |
Michael Heaven & Associates Limited |
Chartered Certified Accountants |
47 Calthorpe Road |
Edgbaston |
BIRMINGHAM |
B15 1TH |
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Approved by order of the board of trustees on
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AL-FOUZ TRUST (REGISTERED NUMBER: 06780443) |
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REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 5TH APRIL 2019 |
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
AL-FOUZ TRUST |
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Independent examiner's report to the trustees of Al-Fouz Trust ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended |
5th April 2019. |
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Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are |
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 |
('the 2006 Act'). |
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Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the |
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's |
accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my |
examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the |
2011 Act. |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
AL-FOUZ TRUST |
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Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the |
examination giving me cause to believe: |
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1. |
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act;
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2. | the accounts do not accord with those records; or |
3. |
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. |
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
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I have no concerns and have come across no other matters in connection with the examination to which |
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
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Director of |
Michael Heaven & Associates Limited |
Chartered Certified Accountants |
47 Calthorpe Road |
Edgbaston |
BIRMINGHAM |
B15 1TH |
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18th February 2020 |
AL-FOUZ TRUST |
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STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 5TH APRIL 2019 |
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2019 | 2018 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
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EXPENDITURE ON |
Raising funds | 2 |
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Charitable activities |
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Total |
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NET INCOME/(EXPENDITURE) | ( |
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RECONCILIATION OF FUNDS |
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Total funds brought forward |
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TOTAL FUNDS CARRIED FORWARD |
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34,202 |
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CONTINUING OPERATIONS |
All income and expenditure has arisen from continuing activities. |
AL-FOUZ TRUST (REGISTERED NUMBER: 06780443) |
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BALANCE SHEET |
5TH APRIL 2019 |
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2019 | 2018 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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NET ASSETS |
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FUNDS | 6 |
Unrestricted funds | 33,316 | 34,202 |
TOTAL FUNDS |
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34,202 |
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2019. |
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The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2019 in accordance with Section 476 of the Companies Act 2006. |
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The trustees acknowledge their responsibilities for |
(a) |
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of
the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
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AL-FOUZ TRUST (REGISTERED NUMBER: 06780443) |
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BALANCE SHEET - continued |
5TH APRIL 2019 |
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These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
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The financial statements were approved by the Board of Trustees on
behalf by: |
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AL-FOUZ TRUST |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5TH APRIL 2019 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard |
applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements |
have been prepared under the historical cost convention. |
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Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the |
funds, it is probable that the income will be received and the amount can be measured reliably. |
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Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing |
the charity to that expenditure, it is probable that a transfer of economic benefits will be required in |
settlement and the amount of the obligation can be measured reliably. 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. |
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Taxation |
The charity is exempt from corporation tax on its charitable activities. |
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Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the |
trustees. |
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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. |
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Further explanation of the nature and purpose of each fund is included in the notes to the financial |
statements. |
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AL-FOUZ TRUST |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 5TH APRIL 2019 |
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2. | RAISING FUNDS |
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Raising donations and legacies |
2019 | 2018 |
£ | £ |
Support costs |
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3. | TRUSTEES' REMUNERATION AND BENEFITS |
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There were no trustees' remuneration or other benefits for the year ended 5th April 2019 nor for the year |
ended 5th April 2018. |
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Trustees' expenses |
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There were no trustees' expenses paid for the year ended 5th April 2019 nor for the year ended |
5th April 2018. |
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4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted |
fund |
£ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
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EXPENDITURE ON |
Raising funds |
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Charitable activities |
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Total |
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NET INCOME/(EXPENDITURE) | ( |
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AL-FOUZ TRUST |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 5TH APRIL 2019 |
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4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted |
fund |
£ |
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RECONCILIATION OF FUNDS |
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Total funds brought forward |
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TOTAL FUNDS CARRIED
FORWARD |
34,202 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Accrued expenses |
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6. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 6/4/18 | in funds | 5/4/19 |
£ | £ | £ |
Unrestricted funds |
General fund | 34,202 | (886 | ) | 33,316 |
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TOTAL FUNDS |
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(886 | ) | 33,316 |
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Net movement in funds, included in the above are as follows: |
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Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 330 | (1,216 | ) | (886 | ) |
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TOTAL FUNDS |
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AL-FOUZ TRUST |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 5TH APRIL 2019 |
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6. | MOVEMENT IN FUNDS - continued |
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Comparatives for movement in funds |
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Net |
movement | At |
At 6/4/17 | in funds | 5/4/18 |
£ | £ | £ |
Unrestricted funds |
General fund | 39,040 | (4,838 | ) | 34,202 |
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TOTAL FUNDS | 39,040 | (4,838 | ) | 34,202 |
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Comparative net movement in funds, included in the above are as follows: |
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Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 1,606 | (6,444 | ) | (4,838 | ) |
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TOTAL FUNDS | 1,606 | (6,444 | ) | (4,838 | ) |
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A current year 12 months and prior year 12 months combined position is as follows: |
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Net |
movement | At |
At 6/4/17 | in funds | 5/4/19 |
£ | £ | £ |
Unrestricted funds |
General fund | 39,040 | (5,724 | ) | 33,316 |
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TOTAL FUNDS | 39,040 | (5,724 | ) | 33,316 |
AL-FOUZ TRUST |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 5TH APRIL 2019 |
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6. | MOVEMENT IN FUNDS - continued |
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A current year 12 months and prior year 12 months combined net movement in funds, included in the |
above are as follows: |
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Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 1,936 | (7,660 | ) | (5,724 | ) |
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TOTAL FUNDS | 1,936 | (7,660 | ) | (5,724 | ) |
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7. | RELATED PARTY DISCLOSURES |
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There were no related party transactions for the year ended 5th April 2019. |