Results
The results for the year are set out in the Financial Statements. The net incoming
resource for the year increased by £71,552.00 and the amount attributable to unrestricted
funds now stands at £24,311.00
Reserves Policy
The Charity carries out a variety of both long term and short term projects, and the
Trustees have examined the requirements for free reserve which are those unrestricted funds
not invested in fixed assets, designated for specific purpose, or otherwise committed. The
free reserves at 31st December 2006 were £101,732.00 and the Trustees believe it to be
insufficient and are considering ways in which additional unrestricted funds can be raised.
Statement of Trustees Responsibilities
Charity Law requires the Trustees to prepare Financial Statements for each financial year
which give a true and fair view of the state of affairs of the charity and its incoming
resources and resources expanded during that year.
In preparing those Financial Statements, the Trustees are required to:
• Select suitable accounting policies and apply them consistently
• Make judgement and estimates that are reasonable and prudent
• Prepare the Financial Statement on the going concern basis unless it is
inappropriate to presume that the charity will continue to operate.
• The Trustees are responsible for keeping proper accounting records, which disclose with
reasonable accuracy at any time the financial position of the charity and to enable them
to ensure that the Financial Statements comply with the Charity Act. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Independent Examiners
The Trustees acknowledge and appreciate the honorary service provided by Shah Kazemi & co. And their
reappointment will be proposed at the Annual General Meeting.