Acorah Software Products - Accounts Production 19.2.450 false true 31 August 2024 1 September 2023 No description of principal activity true 1 September 2024 31 August 2025 31 August 2025 09725989 Mr M Tahar Mr N Tahar Mrs N Tahar Mr T Haque 1183673 false true true true true false Advancement of education for the benefit of the general public true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09725989 2024-08-31 09725989 2025-08-31 09725989 2024-09-01 2025-08-31 09725989 frs-char:CharitableCompanyLimitedByGuarantee 2024-09-01 2025-08-31 09725989 frs-bus:FullAccounts 2024-09-01 2025-08-31 09725989 frs-bus:MediumEntities 2024-09-01 2025-08-31 09725989 frs-bus:Medium-sizedCompaniesRegimeForAccounts 2024-09-01 2025-08-31 09725989 frs-bus:Medium-sizedCompaniesRegimeForDirectorsReport 2024-09-01 2025-08-31 09725989 frs-char:TotalUnrestrictedFunds 2024-08-31 09725989 frs-char:TotalUnrestrictedFunds 2025-08-31 09725989 frs-char:TotalUnrestrictedFunds 2024-09-01 2025-08-31 09725989 frs-char:UnrestrictedFundsGeneral 2024-08-31 09725989 frs-char:UnrestrictedFundsGeneral 2024-09-01 2025-08-31 09725989 frs-char:UnrestrictedFundsGeneral 2025-08-31 09725989 frs-char:IndependentExaminationCharity 2024-09-01 2025-08-31 09725989 frs-countries:EnglandWales 2024-09-01 2025-08-31 09725989 frs-char:Trustee1 2024-09-01 2025-08-31 09725989 frs-char:Trustee2 2024-09-01 2025-08-31 09725989 frs-char:Trustee3 2024-09-01 2025-08-31 09725989 frs-char:Trustee4 2024-09-01 2025-08-31 09725989 frs-char:Activity1 2024-09-01 2025-08-31 09725989 1 2024-09-01 2025-08-31 09725989 2023-08-31 09725989 2024-08-31 09725989 2023-09-01 2024-08-31 09725989 frs-char:TotalUnrestrictedFunds 2024-08-31 09725989 frs-char:TotalUnrestrictedFunds 2023-09-01 2024-08-31 09725989 frs-char:UnrestrictedFundsGeneral 2023-08-31 09725989 frs-char:UnrestrictedFundsGeneral 2023-09-01 2024-08-31 09725989 frs-char:UnrestrictedFundsGeneral 2024-08-31 09725989 frs-char:NameGrantRecipient1 1 2023-09-01 2024-08-31 09725989 1 2023-09-01 2024-08-31
Company registration number: 09725989
Charity registration number: 1183673
MASOMO FOUNDATION LIMITED
Trustees' Report and
Unaudited Financial Statements
For The Year Ended 31 August 2025
MASOMO FOUNDATION LIMITED
Contents
Contents
Page
Reference and Administrative Details 1
Trustees' Report 2—4
Independent Examiner's Report 5
Statement of Financial Activities (including Income and Expenditure Account) 6
Statement of Financial Position 7
Notes to the Financial Statements 8—12
Page 1
MASOMO FOUNDATION LIMITED
Reference and Administrative Details
For The Year Ended 31 August 2025
Reference and Administrative Details
Trustees
Mr M Tahar - Director
Mr N Tahar
Mrs N Tahar
Mr T Haque
Charity Number 1183673
Company Number 09725989
Registered Office 45 Trinity Road
London
SW17 7SD
Independent Examiner M A Zaffar FCA
Kalam House, Suite 505
252-256 Romford Road
London
E7 9HZ
Page 1
Page 2
MASOMO FOUNDATION LIMITED
Company No. 09725989
Trustees' Report For The Year Ended 31 August 2025
Trustees' Report
The trustees present their report and the financial statements for the year ended 31 August 2025.
Objectives and Activities
Aims and Objectives
The purposes of the charity as set out in its governing document
Masomo Foundation Limited is an independent charity, whose charitable objectives, as set out in its constitution is to promote the advancement of education for the benefit of the general public of the less fortunate and destitute children in the world starting with Kenya.
The main activities undertaken in relation to those purposes during the period
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The policies adopted in furtherance of these objects during the period to 31 August 2025 are as describe below, and there has been no change in these during the year.
Public Benefit
The main activities undertaken during the year to further the charity's purpose for the public benefit
All the donations to the foundation will be utilized for the betterment of the students in accordance with the objective of the charity for the benefit of the public. There will be no administration charges by the directors; they will work voluntarily without any remuneration.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Achievements and Performance
Main Achievements
Achievements and performance
The foundation sponsors children in secondary schools, institutions of higher education and universities. Every student under our bursary scheme is required to meet up minimum academic standards in order to continue receiving financial assistance.
Plan for the future is to continue playing an important role in the development of the less fortunate and most vulnerable and poor students by educating them and making them valuable member of the society.
The main achievements and performance of the charity during the year
During the period the foundation sponsored various children in secondary schools, institutions of higher education and universities. Every student under our bursary scheme was required to meet up minimum academic standards in order to continue receiving financial assistance.
Fundraising activities during the year
The charity relies on donations received friends and families of the trustees and general public, whose support is valued. There have been no other fundraising activities.
The difference the charity's performance during the year has made to the beneficiaries of the charity .
By sponsoring various students in Kenya the Charity is playing an important role in the development of the less fortunate, most vulnerable and poor students by educating them and making them valuable member of the society, which will help in eradicating poverty and making them self-reliant and prosperous.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Financial Review
Page 2
Page 3
MASOMO FOUNDATION LIMITED
Trustees' Report (continued)
For The Year Ended 31 August 2025
Financial Position
Financial review of the position at the reporting date, 31 August 2025.
The trustees consider the financial performance by the charity during the period to have been satisfactory.
The Trust's income for the year was £15,965 out of which total costs of £7,307 were met. The net incoming resources /(expenditure) arising of £8,658 was transferred to accumulated funds.
Reserves Policy
The Trustees' policy is to operate on the basis of being able to continue to generate sufficient incoming resources to maintain reserves at a level sufficient. The charity has sufficient, but not excessive, funds to maintain its current level of charitable distributions, and has achieved its reserve policy.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, Governance and Management
Governing Document
The charity is a company limited by guarantee, registered under the Companies Acts and its governing document is a Memorandum and Articles of Association under company legislation. Governing document is a Memorandum and Articles of Association under company legislation.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
Trustee Selection Methods
The Board periodically invites nominations of new Trustees. These are discussed and agreed at Board meetings depending on the strategic needs of the Trust and the role played by Trustees who are retiring. All the abovementioned Trustees were re-appointed during the year.
None of the members of the trustees has any beneficial interest in the company. All of the members of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Other Information
Supplier payment policy
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The company's current policy concerning the payment of trade creditors is to:
• settle the terms of payment with suppliers when agreeing the terms of each transaction;
• ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
• pay in accordance with the company's contractual and other legal obligations.
Trade creditors of the company at the year end were equivalent to 21 day's purchases, based on the average daily amount invoiced by suppliers during the year.
Page 3
Page 4
MASOMO FOUNDATION LIMITED
Trustees' Report (continued)
For The Year Ended 31 August 2025
Statement of Trustees' Responsibilities
The trustees (who are also the directors of MASOMO FOUNDATION LIMITED for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they 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 company for that period. In preparing the financial statements the trustees are required to:
  • select suitable accounting policies and then apply them consistently;
  • observe the methods and principles in the Charity SORP;
  • make judgments and accounting estimates that are reasonable and prudent; and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr M Tahar
Trustee
Mr N Tahar
Trustee
30/04/2026
Page 4
Page 5
MASOMO FOUNDATION LIMITED
Independent Examiner's Report to the Trustees of MASOMO FOUNDATION LIMITED
For The Year Ended 31 August 2025
Independent Examiner's Report to the Trustees of MASOMO FOUNDATION LIMITED
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.
Responsibilities and Basis of Report
As the charity 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”).
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 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:
  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
  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).
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.
M A Zaffar FCA
30/04/2026
Kalam House, Suite 505
252-256 Romford Road
London
E7 9HZ
Page 5
Page 6
MASOMO FOUNDATION LIMITED
Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 August 2025
Statement of Financial Activities (including Income and Expenditure Account)
2025 2024
Unrestricted funds Unrestricted funds
Notes £ £
INCOME AND ENDOWMENTS FROM:
Donations and legacies 3 15,965 14,380
EXPENDITURE ON:
Raising funds 4 (7,307 ) (12,542 )
Charitable activities: 4
NET INCOME 8,658 1,838
NET MOVEMENT IN FUNDS 8,658 1,838
RECONCILIATION OF FUNDS:
Total funds brought forward 13,992 12,154
TOTAL FUNDS CARRIED FORWARD 10 22,650 13,992
The notes on pages 8 to 11 form part of these financial statements.
Page 6
Page 7
MASOMO FOUNDATION LIMITED
Statement of Financial Position
As At 31 August 2025
Statement of Financial Position
2025 2024
Unrestricted funds Total funds
Notes £ £
CURRENT ASSETS
Cash at bank and in hand 23,400 14,742
23,400 14,742
Creditors: Amounts Falling Due Within One Year 9 (750 ) (750 )
NET CURRENT ASSETS (LIABILITIES) 22,650 13,992
TOTAL ASSETS LESS CURRENT LIABILITIES 22,650 13,992
NET ASSETS 22,650 13,992
FUNDS OF THE CHARITY
Unrestricted Funds 22,650 13,992
TOTAL FUNDS 10 22,650 13,992
For the year ending 31 August 2025 the charitable company was entitled to exemption from audit 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 trustees 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.
On behalf of the board
Mr M Tahar
Trustee
Mr N Tahar
Trustee
30/04/2026
The notes on pages 8 to 11 form part of these financial statements.
Page 7
Page 8
MASOMO FOUNDATION LIMITED
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
MASOMO FOUNDATION LIMITED is a company limited by guarantee, incorporated in England & Wales, registered number 09725989 and registered charity number 1183673 . The registered office is 45 Trinity Road , London , SW17 7SD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements 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 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Significant judgements and estimations
In the application of the charity’s accounting policies, the trustees are required to make judgements,estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.3. Incoming Resources
The charity relies on donations received friends and families of the trustees and general public, whose support is valued. There have been no other fundraising activities.
The difference the charity's performance during the year has made to the beneficiaries of the charity .
By sponsoring various students in Kenya the Charity is playing an important role in the development of the less fortunate, most vulnerable and poor students by educating them and making them valuable member of the society, which will help in eradicating poverty and making them self-reliant and prosperous.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
2.4. Resources Expended
During the period the foundation sponsored various children in secondary schools, institutions of higher education and universities. Every student under our bursary scheme was required to meet up minimum academic standards in order to continue receiving financial assistance.
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
...CONTINUED
Page 8
Page 9
MASOMO FOUNDATION LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.5. Cash and Cash Equivalents - continued
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
3. Income from Donations and Legacies
2025 2024
Unrestricted Unrestricted
funds funds
£ £
Donations and gifts 15,965 14,380
4. Analysis of Expenditure
2025
Grant funding of activities
(see note 5 ) 		Support costs
(see note 6 ) 		Total
£ £ £
Raising funds 6,500 807 7,307
2024
Grant funding of activities
(see note 5 ) 		Support costs
(see note 6 ) 		Total
£ £ £
Raising funds 11,500 1,042 12,542
5. Grants Payable
2025
Grants to
Institutions Support costs Total
£ £ £
Raising funds 6,500 57 6,557
Advancement of education for the benefit of the general public - 750 750
6,500 807 7,307
Page 9
Page 10
MASOMO FOUNDATION LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2024
Grants to
Institutions Support costs Total
£ £ £
Raising funds 11,500 292 11,792
Advancement of education for the benefit of the general public - 750 750
11,500 1,042 12,542
Grants paid to institutions, included above, are as follows:
2025 2024
£ £
Masomo Foundation Nairobi 6,500 11,500
6. Support Costs
2025
Raising funds
£
General administration 807
2024
Raising funds
£
General administration 1,042
7. Independent Examiner's Remuneration
2025 2024
£ £
Independent examination of the financial statements 750 750
8. Average Number of Employees
Average number of employees during the year was: NIL (2024: NIL)
- -
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Accruals and deferred income 750 750
Page 10
Page 11
MASOMO FOUNDATION LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
10. Movement in Funds
As at 1 September 2024 Income Expenditure As at 31 August 2025
£ £ £ £
Unrestricted funds
General:
General unrestricted fund 13,992 15,965 (7,307 ) 22,650
Total funds 13,992 15,965 (7,307 ) 22,650
As at 1 September 2023 Income Expenditure As at 31 August 2024
£ £ £ £
Unrestricted funds
General:
General unrestricted fund 12,154 14,380 (12,542 ) 13,992
Total funds 12,154 14,380 (12,542 ) 13,992
11. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
12. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
13. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 11
Page 12
MASOMO FOUNDATION LIMITED
Detailed Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 August 2025
Detailed Statement of Financial Activities (including Income and Expenditure Account)
2025 2024
Total funds Total funds
£ £
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Donations and gifts 15,965 14,380
15,965 14,380
15,965 14,380
EXPENDITURE ON:
Raising funds
Grants to institutions (6,500) (11,500)
Printing, postage and stationery (15) (15)
Independent examiner's fees (750) (750)
Legal fees - (220)
Bank charges (42) (57)
(7,307) (12,542)
(7,307) (12,542)
NET INCOME 8,658 1,838
Page 12