THE SARWAR FOUNDATION | Annual Report 2024 ## **THE SARWAR FOUNDATION** Registered Charity No. 1057380 ## **TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENTS** Year Ended 31 March 2024 Prepared on the Receipts and Payments basis for a small charity. Page 1 THE SARWAR FOUNDATION | Annual Report 2024 ## **Contents** Independent Examiner’s Report to the Trustee of The Sarwar Foundation Trustees' Annual Report Reference and Administrative Details Structure, Governance and Management Objectives and Activities Public Benefit Achievements and Performance Grant-Making Activities Overseas Expenditure Financial Review Reserves Policy Risk Management Statement of Trustee Responsibilities Receipts and Payments Account Statement of Assets and Liabilities Notes to the Financial Statements Trustee Approval Page 2 THE SARWAR FOUNDATION | Annual Report 2024 ## **Independent Examiner’s Report to the Trustee of The Sarwar Foundation** I report on the accounts of The Sarwar Foundation for the year ended 31 March 2024, which are set out on pages 4-6. ## **Respective responsibilities of trustee and examiner** The trustee is responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the accounts do not accord with those records; or - the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Signed Name of Independent Examiner: Mr Hasnain Khaki Qualifications: Accountant BA (Hons) FCCA Address: 34 Pembroke Croft, Birmingham, B28 9EY Date: 19/12/2024 ## **Trustees' Annual Report** ## **Reference and Administrative Details** |**Item**|**Details**| |---|---| |Charity name|The Sarwar Foundation| |Registered charity number|1057380| |Principal address|Welcome House, Glover Street, Birmingham, B9 4EP| |Trustee|Mohammed Javed Sarwar| Page 3 THE SARWAR FOUNDATION | Annual Report 2024 Financial period Year Ended 31 March 2024 Governing document Trust deed ## **Structure, Governance and Management** The charity is governed by its trust deed. The trustee is responsible for the strategic direction, governance and administration of the charity. The trustee reviews the charity activities, financial position and risks on a regular basis. ## **Objectives and Activities** The charity advances charitable purposes through grant-making and support of educational, welfare, humanitarian and community projects. The trustee reviews grant-making activity to ensure it remains consistent with the charity objectives. ## **Public Benefit** The trustee confirms that due regard has been given to the Charity Commission's guidance on public benefit when carrying out the charity activities during the year. ## **Achievements and Performance** During the year the charity continued to support charitable organisations and projects in the United Kingdom and overseas through grant funding and donations. ## **Grant-Making Activities** Total charitable grants and donations amounted to £54,193.00. Major grant recipients were as follows: |**Major Recipient**|**Amount (£)**| |---|---| |Jamia Binoria Aalamia|11,000| |Jamia Khair Ul Madaris|8,500| |Abu Bakr Trust|5,000| |Other/not separatelyidentified|3,100| |Darul Uloom Deoband|3,000| |Al Khair Foundation|2,675| |Birmingham Central Mosque|2,000| |Imdad Muslimeen|1,700| |International Humanitarian Relief|1,700| |Jamia Uloom I Sharia|1,500| |Masjid Ul Irfan|1,250| |MUAIC|1,000| |Birmingham Central Mosque (Mosque Extension)|1,000| |Other charitable grants under £1,000 and not separately
identified|10,768.00| |Totalcharitable grants and donations|54,193.00| Reconciliation: major grants £43,425.00 plus other grants £10,768.00 equals total charitable grants £54,193.00. ## **Overseas Expenditure** The payment schedule identifies charitable expenditure by country as follows. Amounts not separately identified by country are shown as unspecified and are included in total charitable grants. |**Country / classification**|**Amount (£)**| |---|---| |UK|30,490.00| |Pakistan|13,400.00| |Unspecified|8,953.00| |Bangladesh|850.00| |India|500.00| |Totalcharitable grants and donations|54,193.00| Identified overseas expenditure totalled £14,750.00. The trustee applies appropriate due diligence and monitoring procedures in relation to overseas grants. Page 4 THE SARWAR FOUNDATION | Annual Report 2024 ## **Financial Review** Income for the year was £44,015.89. Total expenditure was £54,505.00, including charitable grants and donations of £54,193.00 and bank charges of £312.00. The deficit for the year was £10,489.11. Funds brought forward were £14,021.94 and closing unrestricted funds were £3,532.83. ## **Reserves Policy** The charity aims to maintain unrestricted reserves sufficient to meet future charitable commitments and operating costs. All funds held at the year end were unrestricted funds. ## **Risk Management** The trustee has reviewed the principal risks facing the charity and considers that appropriate financial controls and procedures are in place to safeguard the charity assets. ## **Statement of Trustee Responsibilities** The trustee is responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and Charity Commission guidance. The trustee is responsible for maintaining proper accounting records and safeguarding the assets of the charity. ## **Receipts and Payments Account** Year Ended 31 March 2024 |**Description**|**Amount (£)**| |---|---| |Receipts|| |Donations and contributions received|44,015.89| |Total receipts|44,015.89| |Payments|| |Charitable grants and donations|54,193.00| |Bankcharges|312.00| |Total payments|54,505.00| |Net deficit for the year|-10,489.11| |Funds brought forward|14,021.94| |Funds carried forward|3,532.83| ## **Statement of Assets and Liabilities** As at 31 March 2024 |**Assets and liabilities**|**Amount (£)**| |---|---| |Cashat bank|3,532.83| |Total assets|3,532.83| |Liabilities|Nil| |Net assets|3,532.83| |Unrestricted funds|3,532.83| ## **Notes to the Financial Statements** ## **1. Basis of preparation** The accounts have been prepared on the Receipts and Payments basis in accordance with the Charities Act 2011 and Charity Commission guidance for smaller charities. Page 5 THE SARWAR FOUNDATION | Annual Report 2024 ## **2. Incoming resources** Incoming resources comprise voluntary donations and contributions received during the year. ## **3. Charitable expenditure** Charitable expenditure comprises grants and donations made to organisations and projects furthering the charity objectives. ## **4. Trustee remuneration and expenses** No trustee remuneration, benefits or expenses were paid during the year. ## **5. Funds** All funds held at the year end were unrestricted funds available for the general purposes of the charity. ## **6. Grant schedule reconciliation** The grant schedule has been reconciled to charitable grants and donations of £54,193.00. Other grants include smaller grants under £1,000 and any payments not separately identified by recipient in the supporting schedule. ## **Trustee Approval** Approved by the trustee and authorised for issue. Trustee: Mohammed Javed Sarwar Signature: _______________________________ Date: 19/12/2024 Page 6