REGISTERED COMPANY NUMBER: 03949712 (England and Wales) SCOTTISH REGISTERED CHARITY NUMBER: SC041327 ENGLAND AND WALES REGISTERED CHARITY NUMBER: 1083036
Report of the Trustees and Financial Statements for the Year Ended 31 December 2023 for
Sarwar Foundation
Contents of the Financial Statements for the Year Ended 31 December 2023
| Page | |
|---|---|
| Report of the Trustees | 1-6 |
| Independent Examiner's report | 7 |
| Statement of Financial Activities | 8 |
| Balance sheet | 9-10 |
| Notes to the Financial Statements | 11-13 |
| Detailed Statement of Financial Activities | 14-15 |
Sarwar Foundation
Report of the Trustees for the year ended 31 December 2023
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 December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 03949712
Scottish Registered Charity number
SC041327
England and Wales Registered Charity number
1083036
Registered office
3 Woodside Park Avenue London E17 8EN
Trading Address 320 Victoria Road Glasgow G42 7RP
Trustees
M Hassan M Khalid A Majid M A Rajak P Sarwar S King M Hanif F Sarwar
Secretary
S King
Independent examiner
DA Accountants Spiersbridge Business Park 1 Spiersbridge Way Glasgow G46 8NG
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Bankers
Habib Bank Zurich Plc Showroom 5, The Point 173-175 Cheetham Hill Road Manchester M8 8LG
Bank of Scotland 464 Victoria Rd Glasgow G42 8PB
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Public benefit Statement
The trustees confirm they have referred a statement on public benefit to the Charity Commission. In their opinion, the Sarwar Foundation fully satisfies the Charity Commission’s test of public benefit. The charity provides people in the UK with an opportunity to express their compassion or generosity towards those in need in Pakistan and elsewhere. The charity drives change for a positive future by providing free healthcare, supplying clean drinking water, educating children and empowering women.
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Sarwar Foundation Report of Trustees
for the year ended 31 December 2023
The Trustees present their report and accounts for the year ended 31 December 2023.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
We the trustees present the report on the activities of the financial period January 1, 2023, to December 31, 2023.
Objectives and aims
The Sarwar Foundation works to save lives, transform the lives of those in need, and create fulfilling lives.
We save lives by providing access to quality healthcare and clean drinking water; we transform lives by educating children and helping those in need; and we create fulfilling lives by empowering women with new skills in our HunarGah centres.
Our values are driven by social justice, the principles of equality and fairness, promoting greater diversity, and a sense of pride in our history and communities.
We run projects in Pakistan and the UK.
Significant Activities
In 2023, we launched an emergency appeal to support earthquake relief in Türkiye (Turkey) and Syria. The Sarwar Foundation's partners were on the ground to conduct an assessment of the immediate needs and provide emergency assistance.
We once again ran another highly successful Toybank Appeal at Christmas. Working with Scottish Women's Aid and Glasgow's No.1 Baby and Family Support Service, our annual appeal supported hundreds of children and young people across Scotland. Donations were used to buy new toys or gift vouchers for those who may otherwise receive nothing at Christmas.
Our 2023 Ramadan campaign focused on: raising funds to provide food parcels for a family in Pakistan; sponsoring a child's education in Pakistan; and supporting the Crookston Community Group in Glasgow to provide meals for refugees and families.
Sarwar Foundation projects in the UK
•Charity shop in Glasgow •Christmas Toybank appeal •Ramadan campaign
The Sarwar Foundation organises charity events and fundraising activities in the UK. All funds raised from our charity shop go towards our ongoing projects. We organised one largescale fundraising event in 2023, and we were the charity partner for a number of awards ceremonies.
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Sarwar Foundation Report of Trustees for the year ended 31 December 2023
Christmas Toybank Appeal
We organised a nationwide Toybank campaign to provide Christmas presents for Scottish families struggling during the festive season. The campaign was arranged by the Sarwar Foundation in conjunction with Scottish Women's Aid and the Glasgow No.1 Baby and Family Support Service.
Funds were raised for the following groups:
•Glasgow Number 1 Baby and Family Support Unit
•Glasgow Women's Aid
•Stirling & District Women's Aid
•West Lothian Women's Aid
•South Community Recovery Network
•G15 Youth Project
•Carbain Primary School
•Jeely Piece Club
We would like to thank all those who donated.
Ramadan 2023 campaign
Our Ramadan 2023 campaign focused on alleviating hunger in the UK and Pakistan, and providing education for children in Pakistan.
•Our three fundraising initiatives encouraged donations for the following:
•£30 to help the Sarwar Foundation to provide a food parcel for the whole month of Ramadan for a family in Pakistan.
•£120 to sponsor a child's education for an entire year at the Pir-Mahal Foundation School.
•£25 to support The Crookston Community Centre in its efforts to provide food parcels for refugees and families in need.
Events and awards
We held a fundraising dinner on 6 March 2023 where Ch Mohammad Sarwar was the guest of honour. Funds were raised to support earthquake relief in Türkiye (Turkey) and Syria, as well as an extension to the Sarwar Foundation School in Pakistan and supporting children's education.
We were the charity partner at the following events:
•The British Asian Wedding Awards, raising funds for women's empowerment
•The British Muslim Awards, raising funds for women's empowerment
•The Scottish Curry Awards, raising funds for earthquake relief in Türkiye
•The English Curry Awards, raising funds for women's empowerment
•Scottish Women's Awards, raising funds for women's empowerment
•The Scottish Asian Food Awards, raising funds for women's empowerment
•Scottish Hair & Beauty Awards, raising funds for our annual Christmas Toy Appeal
•Scottish Asian Business Awards, raising funds for women's empowerment
We are grateful to our events partner, Oceanic Events, for its continued support.
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Sarwar Foundation Report of Trustees for the year ended 31 December 2023
Sarwar Foundation in Pakistan
Projects are overseen in Pakistan by our partner Sarwar Foundation, Charity number 0048228. The following information references work of Sarwar Foundation in Pakistan.
Sarwar Foundation projects, Pakistan:
•Sarwar Foundation hospitals
•Medicine and eye camps •Health awareness campaigns
•Sarwar Foundation School, Pir Mahal
•Clean Water filtration plants •HunarGah centres - skill development for women •Sponsorship of children's education
In 2023, the Sarwar Foundation provided our partner charity with £100,000 for a hospital extension, £3,300 to sponsor children's education, and £120,000 for an extension to the Sarwar Foundation School.
Emergency appeals
On Monday 6 February 2023, two earthquakes of 7.8 and 7.5 magnitudes struck south east Türkiye and north west Syria. A second quake, which had a magnitude of 7.5, hit Turkey's Elbistan district of Kahramanmaras province. The Sarwar Foundation's partners were on the ground to conduct an assessment of the immediate needs and provide emergency assistance.
We raised £120,000 for our earthquake appeal.
Public benefit statement
The trustees confirm they have referred a statement on public benefit to the Charity Commission. In their opinion, the Sarwar Foundation fully satisfies the Charity Commission's test of public benefit. The charity provides people in the UK with an opportunity to express their compassion or generosity towards those in need in Pakistan and elsewhere. The charity drives change for a positive future by providing free healthcare, supplying clean drinking water, educating children and empowering women.
S King Trustee & Secretary
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Independent Examiner's Report to the Trustees of Sarwar Foundation
I report on the accounts for the year ended 31 December 2023 set out on pages seven to fourteen.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 201 1 Act)) and that an independent examination is required. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under Section 145 of the 2011 Act
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to follow the procedures laid down in the General Directions given by the Charity Commission
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(under Section 145(5)(b) of the 2011 Act); and
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to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.
Independent examiner's qualified statement
No other matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006
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to prepare accounts which accord with the accounting records, comply with the accounting
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requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Dinesh Hallan, FCCA DA Accountants Chartered Certified Accountants
Spiersbridge Business Park 1 Spiersbridge Way Glasgow G46 8NG 13 September 2024
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Sarwar Foundation
Statement of Financial Activities for the year ended 31 December 2023
| INCOMING RESOURCES Incoming resources from generated funds Voluntary income Activities for generating funds Total incoming resources RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income Fundraising trading Charitable activities International projects Governance costs Other resources expended Total resources expended NET INCOMING/(OUTGOING) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2023 £ 495,950 99,208 595,158 49,655 - 333,975 62,207 31,862 477,699 117,459 271,781 389,240 |
2022 £ 354,667 126,490 481,157 43,662 - 553,083 84,598 33,367 714,710 (233,553) 505,333 271,780 |
|---|---|---|
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Sarwar Foundation Balance Sheet as at 31 December 2023
| Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank Cash in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Funds Unrestricted funds 10 Total funds |
2023 £ 3,180 4,750 383,245 818 388,813 (2,753) 386,060 389,240 389,240 389,240 |
2022 £ 3,710 4,750 265,130 764 270,644 (2,574) 268,070 271,780 271,780 271,780 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2023 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 small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements were approved by the board of trustees on 13 September 2024 and were signed on its behalf by:
S King
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Sarwar Foundation Notes to the Accounts for the year ended 31 December 2023
1 Accounting policies
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2 ACTIVITIES FOR GENERATING FUNDS
| Recycling Charity shop income Toybank donations Charity box income 3 COSTS OF GENERATING VOLUNTARY INCOME Fundraising costs Motor vehicle costs Miscellaneous costs |
2023 £ 3,818 79,191 1,321 14,878 99,208 2023 £ 46,511 1,617 1,527 49,655 |
2022 £ 3,587 80,655 16,468 25,780 126,490 2022 £ 40,529 2,600 533 43,662 |
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Sarwar Foundation
Notes to the Accounts for the year ended 31 December 2023
| 4 NET INCOMING/(OUTGOING) RESOURCES Rent |
2023 £ 19,000 19,000 |
2022 £ 19,000 19,000 |
|---|---|---|
5 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 or for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 or for the year ended 31 December 2023.
| 6 STAFF COSTS 2023 £ Wages and salaries 55,639 55,639 The average monthly number of employees during the year was as follows: 2023 Employees 2 No employees received emoluments in excess of £60,000. 2 Employees 2023 Number Average number of persons employed by the company 2 3 Tangible fixed assets Cost At 1 January 2023 At 31 December 2023 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 |
2022 £ 45,898 45,898 2022 2 2022 Number 2 Motor vehicles £ 5,300 5,300 1,590 530 2,120 3,180 3,710 |
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Sarwar Foundation
Notes to the Accounts for the year ended 31 December 2023
| 4 Debtors Trade debtors 5 Creditors: amounts falling due within one year Trade creditors Other taxes and social security costs Accruals 10 MOVEMENT IN FUNDS 2022 £ Unrestricted funds Cash & Paypal account 764 Charity Main Account 210,840 Zakat fund 46 Charity Shop 54,244 265,894 TOTAL FUNDS 265,894 Net movement in funds, included in the above are as follows: |
2023 £ 4,750 2023 £ 894 859 1,000 2,753 Movement £ 53 130,129 (21) (11,992) 118,169 118,169 |
2022 £ 4,750 2022 £ 894 680 1,000 2,574 2023 £ 818 340,969 25 42,252 384,064 384,064 |
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| Unrestricted funds Cash & Paypal account Charity Main Account Zakat fund Charity Shop |
Incoming resources £ 53 497,204 2,270 126,280 625,807 625,807 |
Resources expended £ - (367,075) (2,291) (138,272) (507,638) (507,638) |
Movement £ 53 130,129 (21) (11,992) 118,169 118,169 |
|---|---|---|---|
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Sarwar Foundation
Detailed Statement of Financial activities for the year ended 31 December 2023
| INCOMING RESOURCES Voluntary income Donations Activities for generating funds Recycling Charity shop income Toybank donations Charity box income Total incoming resources RESOURCES EXPENDED Activities for generating funds Fundraising costs Motor vehicle costs Miscellaneous costs International projects U.K Projects & Donations to other charitable causes Suport costs Management Salaries Pensions Premises costs: Rent Rates and water Insurance Light and heat Cleaning Telephone Repairs and maintenance |
2023 £ 495,950 495,950 3,818 79,191 1,321 14,878 99,208 595,158 46,511 1,617 1,527 49,655 333,975 5,885 339,860 55,639 683 56,322 19,000 1,089 309 3,119 545 552 1,260 25,874 |
2022 £ 354,667 354,667 3,587 80,655 16,468 25,780 126,490 481,157 40,529 2,600 533 43,662 553,083 38,700 591,783 45,898 - 45,898 19,000 1,599 1,328 4,253 317 594 195 27,286 |
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Sarwar Foundation
Detailed Statement of Financial activities for the year ended 31 December 2023
| General admin Bank charges Depreciation Information technology Postage, printing and stationery Computer & IT costs Legal and professional costs: Accountancy fees Advertising and PR Other legal and professional Total resources expended |
2023 £ 1,768 530 2,298 1,322 101 1,423 1,788 250 229 2,267 477,699 |
2022 £ 3,327 530 3,857 1,155 140 1,295 894 - 35 929 714,710 |
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