Halal Food Foundation Limited - Charities report - 18.1

Halal Food Foundation Limited - Charities report - 18.1

HALAL FOOD FOUNDATION LIMITED - Company Information

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IRIS Accounts Production v18.2.1.62 Other Company accounts True False Pounds 1.11.16 31.10.17 31.10.17 FY Ahmed Latif Ehsan Shahid Choudhry FRS 102 Unaudited Large and medium-sized companies regime for accounts Full Charities SORP True True True False True False True iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure062258762016-10-31062258762017-10-31062258762016-11-012017-10-31062258762015-10-31062258762015-11-012016-10-31062258762016-10-3106225876ns0:CharitableCompanyLimitedByGuarantee2016-11-012017-10-3106225876ns15:PoundSterling2016-11-012017-10-3106225876ns0:Trustee22016-11-012017-10-3106225876ns0:Trustee12016-11-012017-10-3106225876ns11:FRS1022016-11-012017-10-3106225876ns11:AuditExempt-NoAccountantsReport2016-11-012017-10-3106225876ns11:LargeMedium-sizedCompaniesRegimeForAccounts2016-11-012017-10-3106225876ns11:FullAccounts2016-11-012017-10-3106225876ns11:CharitiesSORP2016-11-012017-10-3106225876ns16:EnglandWales2016-11-012017-10-3106225876ns11:RegisteredOffice2016-11-012017-10-3106225876ns0:Trustee32016-11-012017-10-3106225876ns11:CompanySecretary12016-11-012017-10-3106225876ns10:WithinOneYear2017-10-3106225876ns10:WithinOneYear2016-10-310622587622016-11-012017-10-3106225876ns10:AllPeriods2017-10-3106225876ns10:AllPeriods2016-10-3106225876ns10:IncreaseDecreaseDueToTransitionFromPreviousStandard2015-11-012016-10-3106225876ns10:IncreaseDecreaseDueToTransitionFromPreviousStandard2015-10-3106225876ns10:IncreaseDecreaseDueToTransitionFromPreviousStandardns10:WithinOneYear2015-10-31
REGISTERED COMPANY NUMBER: 06225876 (England and Wales)
REGISTERED CHARITY NUMBER: 1139457
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2017
for
Halal Food Foundation Limited
Nationwide Accountants Ltd
683 London Road,
North Cheam,
Sutton
Surrey
SM3 9DL
Halal Food Foundation Limited
Contents of the Financial Statements
for the Year Ended 31 October 2017










Page

Report of the Trustees 1

Statement of Financial Activities 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8

Reconciliation of Income and Expenditure 9

Reconciliation of Funds 10 to 11

Halal Food Foundation Limited
Report of the Trustees
for the Year Ended 31 October 2017
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 31 October 2017.
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).

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.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06225876 (England and Wales)

Registered Charity number
1139457

Registered office
Balfour House 3rd Floor
741 High Road
London
N12 0BP

Trustees
Ehsan Shahid Choudhry None
Ahmed Latif Retired
Dr Ghayasuddin Siddiqui Community Worker

Company Secretary
Abdul Matin Khan

Approved by order of the board of trustees on 25 July 2018 and signed on its behalf by:



Ehsan Shahid Choudhry - Trustee
Page 1
Halal Food Foundation Limited
Statement of Financial Activities
for the Year Ended 31 October 2017
31.10.17 31.10.16

Unrestricted
funds		 Total
funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 93,483 77,776
Investment income 2 128 198
Total 93,611 77,974

EXPENDITURE ON
Raising funds 44,580 47,218
NET INCOME 49,031 30,756
RECONCILIATION OF FUNDS

Total funds brought forward 369,106 338,350
TOTAL FUNDS CARRIED FORWARD 418,137 369,106
The notes form part of these financial statements
Page 2
Halal Food Foundation Limited
Balance Sheet
At 31 October 2017
31.10.17 31.10.16

Unrestricted
funds		 Total
funds
Notes £    £   

CURRENT ASSETS
Debtors 6 400,980 332,317
Prepayments and accrued income 2,096 2,096
Cash at bank and in hand 17,913 36,697
420,989 371,110

CREDITORS
Amounts falling due within one year 7 (2,852 ) (2,004 )

NET CURRENT ASSETS 418,137 369,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

418,137
369,106
NET ASSETS 418,137 369,106
FUNDS 8
Unrestricted funds 418,137 369,106
TOTAL FUNDS 418,137 369,106
The notes form part of these financial statements
Page 3 continued...
Halal Food Foundation Limited
Balance Sheet - continued
At 31 October 2017
The charitable company is entitled to exemption from audit under
Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the
year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

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.
These financial statements have been prepared in accordance with the
special provisions of Part 15 of the Companies Act 2006 relating to
charitable small companies.

The financial statements were approved by the Board of Trustees on 25 July 2018 and were signed on its behalf by:




Ahmed Latif -Trustee
The notes form part of these financial statements
Page 4
Halal Food Foundation Limited
Notes to the Financial Statements
for the Year Ended 31 October 2017
1. ACCOUNTING POLICIES

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.

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.

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.

Taxation
The charity is exempt from corporation tax on its charitable activities.

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.

Further explanation of the nature and purpose of each fund is included in the notes to the
financial statements.

2. INVESTMENT INCOME

31.10.17 31.10.16
£    £   
Interest receivable - trading 128 198

Page 5
Halal Food Foundation Limited
Notes to the Financial Statements - continued
for the Year Ended 31 October 2017
3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2017
nor for the year ended 31 October 2016.

Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2017 nor for the year
ended 31 October 2016.

4. STAFF COSTS
The average monthly number of employees during the year was as follows:

31.10.17 31.10.16
1 1

No employees received emoluments in excess of £60,000.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted
funds
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 77,776
Investment income 198
Total 77,974

EXPENDITURE ON
Raising funds 47,218
Total 47,218
NET INCOME 30,756
RECONCILIATION OF FUNDS

Total funds brought forward 338,350
TOTAL FUNDS CARRIED FORWARD 369,106

Page 6
Halal Food Foundation Limited
Notes to the Financial Statements - continued
for the Year Ended 31 October 2017
6. DEBTORS

31.10.17 31.10.16
£    £   
Amounts falling due within one year:
Halal Food Authority 386,766 332,317

Amounts falling due after more than one year:
Office Deposit 14,214 -

Aggregate amounts 400,980 332,317

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17 31.10.16
£    £   
Trade creditors 2,352 2,004
Accrued expenses 500 -
2,852 2,004

8. MOVEMENT IN FUNDS





At 1.11.16		 Net
movement
in funds

At 31.10.17
£    £    £   
Unrestricted funds
UNRESTRICTED 369,106 49,031 418,137

TOTAL FUNDS 369,106 49,031 418,137

Net movement in funds, included in the above are as follows:

Incoming
resources		 Resources
expended		 Movement
in funds
£    £    £   
Unrestricted funds
UNRESTRICTED 93,611 (44,580 ) 49,031

TOTAL FUNDS 93,611 (44,580 ) 49,031

Page 7
Halal Food Foundation Limited
Notes to the Financial Statements - continued
for the Year Ended 31 October 2017
8. MOVEMENT IN FUNDS - continued


Comparatives for movement in funds




At 1.11.15		 Net
movement
in funds

At 31.10.16
£    £    £   

Unrestricted Funds
UNRESTRICTED 338,350 30,756 369,106

TOTAL FUNDS 338,350 30,756 369,106
Comparative net movement in funds, included in the above are as follows:

Incoming
resources		 Resources
expended		 Movement
in funds
£    £    £   
Unrestricted funds
UNRESTRICTED 77,974 (47,218 ) 30,756

TOTAL FUNDS 77,974 (47,218 ) 30,756

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2017.

Page 8
Halal Food Foundation Limited
Reconciliation of Income and Expenditure
for the Year Ended 31 October 2016




UK GAAP		 Effect of
transition to
FRS 102

FRS 102
Notes £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 77,776 - 77,776
Investment income 198 - 198
Total 77,974 - 77,974
EXPENDITURE ON
Raising funds 47,218 - 47,218
NET INCOME 30,756 - 30,756
Page 9
Halal Food Foundation Limited
Reconciliation of Funds
At 1 November 2015
(Date of Transition to FRS 102)




UK GAAP		 Effect of
transition to
FRS 102

FRS 102
Notes £    £    £   
- - -
TOTAL ASSETS LESS CURRENT LIABILITIES - - -
- - -
FUNDS
TOTAL FUNDS - - -
Page 10
Halal Food Foundation Limited
Reconciliation of Funds
At 31 October 2016




UK GAAP		 Effect of
transition to
FRS 102

FRS 102
Notes £    £    £   

CURRENT ASSETS
Debtors 332,317 - 332,317
Prepayments and accrued income 2,096 - 2,096
Cash at bank and in hand 36,697 - 36,697
371,110 - 371,110

CREDITORS
Amounts falling due within one year (2,004 ) - (2,004 )

NET CURRENT ASSETS 369,106 - 369,106
TOTAL ASSETS LESS CURRENT LIABILITIES 369,106 - 369,106
NET ASSETS 369,106 - 369,106
FUNDS
Unrestricted funds 369,106 - 369,106
TOTAL FUNDS 369,106 - 369,106
Page 11