FOUNDATIONS FOR PEOPLE - Filleted accounts

Registered number

07376162

FOUNDATIONS FOR PEOPLE

Filleted Accounts

31 March 2025

FOUNDATIONS FOR PEOPLE
Registered number:		07376162
Balance Sheet
as at 31 March 2025
Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		464,543			464,543

Current assets
Stocks		36,445			36,445
Cash at bank and in hand		180,794			169,594
		217,239			206,039
Creditors: amounts falling due within one year	6	2,070			(7,930)

Net current assets			219,309			198,109

Net assets			683,852			662,652

Capital and reserves
Called up share capital (guarantees)			30			30
Reserves accumulated	8		683,822			662,622

Net reserves			683,852			662,652
			-			-
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr Bashart M Bostan, Mr Rehan Ali and Mr Mahroof Mohammed
Director/ Trustee
Approved by the board on 28 November 2025

FOUNDATIONS FOR PEOPLE
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover (Income)
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Unrestricted funds
	Unrestricted funds are the net incoming resources available for the objects of the charity
	without specified purposes and are part of the general funds.

	Restricted funds
	Restricted funds are the net incoming resources avaiable for a particular area or purpose
	stated by the donor and are allocated appropriately.

	Analysis of incoming resources and analysis of management and admin. costs
	Charitable expenditure includes all expenditure directly related to the objects of the charity and comprises the following :- Costs of raising and generating funds The costs of raising and generating funds includes fees incurred in respect of management fees.
	a. Costs of raising and generating funds
	b. Grants and donations payable in furtherance of the charity's objectives
	c. Activities in furtherance of the charity's objectives
	d. Management and administration of the charity

	The details required by the Statement of Recommended Practice for Accounting and
	Reporting issued by the Charity Commissioners for England & Wales
	are shown in the Statement of Financial Activities (income and expenditure account).
	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets
	over their estimated useful lives.
	Freehold/ (leasehold) land and buildings			0% straight line because the director's believe
				that the market value is greater than cost
	Fixtures, fittings, tools and equipment			shown as equipment expensed

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					9		6
	There were no employees receiving more than £30,000 per annum

3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	464,543		-		-		464,543
	At 31 March 2025	464,543		-		-		464,543

	Depreciation
	At 31 March 2025	-		-		-		-

	Net book value
	At 31 March 2025	464,543		-		-		464,543
	At 31 March 2024	464,543		-		-		464,543
	Land and buildings are not being depreciated because the directors believe market value
	is greater than the cost.

4	Creditors: amounts falling due within one year					2025		2024
£							£
	Other creditors					(2,070)		7,930


5	Reserves accumulated	Restricted	Unrestricted			2025		2024
£			£		£		£
	At 1 April 2024	-		662,622		662,622		641,292
	Surplus/ (deficit) for the year	-		21,200		21,200		21,330

	At 31 March 2025	-		683,822		683,822		662,622

	Reconciled to Balance Sheet and	Statement of Financial Activities (Income and expenditure account)


6	Controlling party and related parties

	The directors/ trustees have control of the company/charity. There were no related parties except that the charity owns 100% of Al Baseerah Travel Limited


7	Other information

	FOUNDATIONS FOR PEOPLE is a private company limited by guarantee and incorporated in England. Its registered office is:
	3 Paternoster Lane, Bradford, West Yorkshire BD7 3DS
	The company uses the following trading names:
	Masjid As-Sunnah
	Albaseerah
	Salafi Bookstore
	Albaseerah Travel
	Down to Earth
	Educating Muslims


11	Going concern

	The company has sufficient cash at bank and has raised further funds since the year end, which
	provide adequate resources to finance committed development programme, along with the day
	to day operations. The trustees monitor the expenditure level and adjust development expenditure
	to ensure that expenditure is only incurred when sufficient funds are available to cover payments
	as they fall due. On this basis, the trustees have reasonable expectation that the company has
	adequate resources to continue in operational existence for the foreseeable future, being a period
	of twelve months after the date on which this report and financial statements are signed. For this
	reason, it continues to adopt the going concern basis in the financial statements.


12	Winding up or dissolution of the company/charity

	If the charity were to be dissolved or wound up the trustees would pass any net assets to similar
	organisations and deserving causes.