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 2024 for
Sarwar Foundation
Contents of the Financial Statements for the Year Ended 31 December 2024
| Page | |
|---|---|
| Report of the Trustees | 1-4 |
| Independent Examiner's report | 5 |
| Statement of Financial Activities | 6 |
| Balance sheet | 7 |
| Notes to the Financial Statements | 8-10 |
| Detailed Statement of Financial Activities | 11-12 |
Sarwar Foundation
Report of the Trustees for the year ended 31 December 2024
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 2024. The financial statements have been prepared in accordance with the accounting policies and comply with the Charities Act 2011, the Companies Act 2006, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities SORP (FRS 102) as amended by the Charities SORP (FRS 102).
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 (resigned 22/05/25) A Majid (resigned 01/09/25) M A Rajak P Sarwar S King M Hanif F Sarwar M Sarwar (appointed 22/05/25)
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
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 2024
The Trustees present their report and accounts for the year ended 31 December 2024.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
We the trustees present the report on the activities of the financial period January 1, 2024, to December 31, 2024.
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 2024, our Ramadan appeal supported the work of Medical Aid for Palestinians (MAP) in Gaza. MAP provided immediate aid to those in great need, and donations from the Sarwar Foundation were used to buy medicines, medical items and equipment for hospitals, along with hygiene equipment and food packs.
We once again ran another Toybank Appeal at Christmas. The toybank appeal supports the Women’s Aid network in Scotland, helping women and children living in refuges to enjoy Christmas in a safe home. We also ran a similar ‘toys for Eid’ campaign.
Sarwar Foundation projects in the UK:
•Charity shop in Glasgow
-
•Christmas Toybank appeal
-
•Eid Toybank appeal
All funds raised from our charity shop go towards our ongoing projects.
We organised the 12th 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 the Scottish Women’s Aid network.
The toybank supported the following groups:
•South Community Recovery Network
-
•G15 Youth Project
-
•Carbrain Primary School
-
•Milnbank Monday Club
-
•The Family Contact Team at HMP Barlinnie.
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Sarwar Foundation Report of Trustees for the year ended 31 December 2024
Glasgow Women's Aid told us how grateful the organisation is for the support is has received. “It means that women and children living in refuge can enjoy their first Christmas in a safe home.” We would like to thank all those who donated.
In 2024, we also ran a similar campaign at Eid, working with Glasgow Women’s Aid.
Our Ramadan 2024 campaign focused on the humanitarian emergency in Gaza. We raised money for Gaza through the charity Medical Aid for Palestinians (MAP), which has been on the ground for almost 40 years. MAP provides immediate aid to those in great need, and donations from the Sarwar Foundation were used to buy medicines, medical items and equipment for hospitals, along with hygiene equipment and food packs. We continued to raise money for MAP following Ramadan, with a total annual contribution from the Sarwar Foundation of £64,767.
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
•Clean Water filtration plants •HunarGah centres – skill development for women •Sponsorship of children’s education
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 2024 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:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission
-
(under Section 145(5)(b) of the 2011 Act); and
-
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
- to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006 - to prepare accounts which accord with the accounting records, comply with the accounting 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 3 September 2025
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Sarwar Foundation
Statement of Financial Activities for the year ended 31 December 2024
| 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 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 |
2024 £ 128,426 88,506 216,932 12,689 315,798 64,055 32,323 424,865 (207,933) 389,239 181,306 |
2023 £ 495,950 99,208 |
|---|---|---|
| 595,158 49,655 333,975 61,524 31,862 |
||
| 477,016 | ||
| 118,142 271,781 |
||
| 389,923 |
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Sarwar Foundation Balance Sheet as at 31 December 2024
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 3 | 2,650 | 3,180 |
| Current assets | |||
| Debtors | 4 | 4,750 | 4,750 |
| Cash at bank | 177,158 | 383,245 | |
| Cash in hand | 663 | 818 | |
| 182,571 | 388,813 | ||
| Creditors: amounts falling due within one | |||
| year | 5 | (3,915) | (2,753) |
| Net current assets | 178,656 | 386,060 | |
| Net assets | 181,306 | 389,240 | |
| Funds | |||
| Unrestricted funds | 10 | 181,306 | 389,240 |
| Total funds | 181,306 | 389,240 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2024 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 3 September 2025 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 2024
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 |
2024 £ 3,150 78,310 7,046 - 88,506 2024 £ 10,292 1,418 979 12,689 |
2023 £ 3,818 79,191 1,321 14,878 |
|---|---|---|
| 99,208 | ||
| 2023 £ 46,511 1,617 1,527 |
||
| 49,655 |
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Sarwar Foundation
Notes to the Accounts for the year ended 31 December 2024
| 4 NET INCOMING/(OUTGOING) RESOURCES Rent |
2024 £ 19,000 19,000 |
2023 £ 19,000 |
|---|---|---|
| 19,000 |
5 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 or for the year ended 31 December 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 or for the year ended 31 December 2024.
| 6 STAFF COSTS 2024 £ Wages and salaries 54,486 54,486 The average monthly number of employees during the year was as follows: 2024 Employees 2 No employees received emoluments in excess of £60,000. 2 Employees 2024 Number Average number of persons employed by the company 2 3 Tangible fixed assets Cost At 1 January 2024 At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 |
2023 £ 55,639 |
|---|---|
| 55,639 | |
| 2023 | |
| 2 | |
| 2023 Number 2 |
|
| Motor vehicles £ 5,300 |
|
| 5,300 | |
| 2,120 530 |
|
| 2,650 | |
| 2,650 | |
| 3,180 |
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Sarwar Foundation
Notes to the Accounts
for the year ended 31 December 2024
| 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 2023 £ Unrestricted funds Cash & Paypal account 818 Charity Main Account 340,968 Zakat fund 25 Charity Shop 42,252 384,063 TOTAL FUNDS 384,063 Net movement in funds, included in the above are as follows: Incoming resources Unrestricted funds £ Cash & Paypal account 90,249 Charity Main Account 1,116,711 Zakat fund 1,330 Charity Shop 104,146 1,312,436 1,312,436 |
2024 £ 4,750 2024 £ 894 1,601 1,420 3,915 Movement £ (154) (214,226) 1,321 6,818 (206,241) (206,241) Resources expended £ (90,403) (1,330,937) (9) (97,328) (1,518,677) (1,518,677) |
2023 £ 4,750 |
|---|---|---|
| 2023 £ 894 859 1,000 |
||
| 2,753 | ||
| 2024 £ 663 126,742 1,346 49,070 |
||
| 177,821 | ||
| 177,821 | ||
| Movement £ (154) (214,226) 1,321 6,818 |
||
| (206,241) | ||
| (206,241) |
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Sarwar Foundation
Detailed Statement of Financial activities for the year ended 31 December 2024
| INCOMING RESOURCES Voluntary income Donations Gift Aid 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 Support costs Management Salaries Pensions Premises costs: Rent Rates and water Insurance Service charges Light and heat Cleaning Telephone Repairs and maintenance |
2024 £ 117,519 10,907 128,426 3,150 78,310 7,046 - 88,506 216,932 10,292 1,418 979 12,689 315,798 7,519 323,317 54,486 2,050 56,536 19,000 1,274 308 565 3,350 317 525 1,820 27,159 |
2023 £ 482,421 13,529 |
|---|---|---|
| 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 |
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Sarwar Foundation
Detailed Statement of Financial activities for the year ended 31 December 2024
| Sarwar Foundation Detailed Statement of Financial activities for the year ended 31 December 2024 |
||
|---|---|---|
| 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 |
2024 £ 2,647 530 3,177 526 224 750 894 - 343 1,237 424,865 |
2023 £ 1,768 530 |
| 2,298 | ||
| 1,322 101 |
||
| 1,423 | ||
| 1,788 250 229 |
||
| 2,267 | ||
| 477,699 |
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