TnA ORNIAN COX & ASHB Y INTERLIT FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A Registered Charity Number 1099186 NORMAN COX &ASHBY CharteredAccountanls
INTERLIT FOUNDATION CONTENTS Page REPORTS Report of the Trustees Report of the Independent Examiner FINANCIAL STATEMENTS Statement of Financial Athvities Balance Sheet Notes to the Financial Ststements 10-13
INTERUT FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual reFX)rt and the financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting wlicies set out in note 1 to the accounts and comply wilh the charws trust deed. the Charities Act 2011 and Accounting and Reporting by Charities.. Statement off Re¢ommended Practice applicab to chartiies preparing their acGounts in accordance wtth the Financial Reporting StarKlards appluble in the UK and Republic and Ireland IFRS 102). OBJECTIVES AND AcTIVlEs FOR THE PUBUC BENEFIT The poSe3 of the charity are the advancement of edUCatn and the relief of povety through trusts, non-Governmental organisations (NGOS). chartties and other organisations working in Pakistan and surrounding countries.. The trustees confimi that they have referred to the Charity Commission's guidan on public benefft when revTrewvig the trust's aims and objectives, in planning future actrvities and setting the grant making policy for the year. The charity furlhers tts charitable pury)oses for the pub¢ benefft through making grants to the InterLit Foundation Pakistan which aims to provKJe'. langLtage and culture leaming materials to infomi and support national and international institutions, including universities, schools and NGOS- publication se5 to assist 1ndNUal authors, as V11 as natk)nal and intemational institutions, in the Preparat)n of their materials for publallOn in print, audio and digital fomi. This includes publishing assistance in the fields of audit and children's literacy,. books and audio materials made available through local and international bookshops, digital OLrtlets and language and culture leaming programmes., educational consuancY that provides positive infomiation about Paknstan and the surrounding region and its many wonderful pw)le, ngUageS and cuf(UTBS GRANT MAKING POLICIES Grants ae considered when applioxtions are receried from IrrterLit Foundation P8ki$tsn. No other grants are considered. The chartty has established its gr8nt making policy to achieve it5 objects for the public bene
INTERLIT FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) ACHIEVEMENTS AND PERFORMANCE (CONTINUED) The charity furthers its charTlable puseS by maknng grants primarily to the Inlerlit Foundatlo Pakistan, which in 2024 was successful in providing mUpIe charitable services. The provision of language and culture leaming materials they provided included: The production of simpk community health materials in Pashto. The need for such materials was made know by a not-for-profft hospital in northwest Pakistan, for use by patients and their relatives. 'Ears, Nose and Throat", prcxluced in 2023, ts very popular. It is read at the hospital wilh many people taking copies home. °A sick child. was prirrted in 2024 with one thousand copies. Copies are donated to the hospital. Mhat shall we ear was also printed in 2024 with one thousand copies. CopEs are donated to the hospital. The "Children's English-Pukhto Diclionarf was publtshed in 2024. This dictionary is unique because it not only provides common works in both Lgnguages but also helps children to undersland Ihe usage of these words through stories which appear on most pages. In addition, lis first ever English-Pukhto pthiial dtIonary includes hundreds of photographs of lrfe in Pakistsn. The content was focused on topics relevant to Pukhtun cutture but also covered topics from the wider world to open children's horvzons beyond their daity experiences. Putting this book together represented hundreds of hours work. The fomiatting work on the ten thousand yrd"EnglISh lo Afghan Pashto D[Onary. has continued. Every word is being carefully arranged in 8 double-column lormat to provide the end-user with an easy-tovuse book. The "Pashto Phrasebook. was first created and produced by Interllit Foundation Paknstanin 2008. At the end of 2024, rather than simply reprinting this iesource. the decision was made lo update and re-present this text so that tts language and cumure learning content can be made avaiEable to a new generation of Pakistani and foreTrgn visitors coming to Pakistan's northwest. InterLrt staff have provided cullural and linguistic seNices to indNiduals working in Pakistan. In 2024, this included assisting one academic in post-doctoral research, following on from her PhD on women's public sphere influence in Khyber Pakhtunkhwa. Books and audio materials remain availabEe at bookshops and on the InlerLit Foundation website. Reprints are made as stock is depleled. The charity remains committed to honoring the herttage, language and literature of the region. Its educational materials are made av8iL4ble through its website, local and intemational bookshops and educational institUtnS and organisations. The InterLit Foundation webstte cOntinL to seNe Ihose looking for resources about the culture and languages of the Pashtuns of Pakistan and Afghanistan. It continues to be visited by scholars, educators and interested individuals. The trustees are grateful the seNteth ofan IT consutsnt who continues to help the charity mainlain its website. The InterLit Foundation remains ready to promt)te a positive understanding of the literature, languages and rich cutture of the region.
INTERUT FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) FINANCIAL REVIEW The Unrestricted Income General Fund reVed no income during the year12023.' £501. The expenditure consisted of support costs of £22,623 {2023= £23.640) resulting in a deficit £22,623 {2023'. £23,590). A transfer of £22,623 was made from the Restricted Fund to reimburse the costs. At 1 January 2024 a deficit balan of £40,576 was brought loard (2023: £16,986) and at 31 December 2024 a def11 balance of £40.576 was carried forward. The Restricted Income Fund, the Book PubliCatn Fund, receNed donations of £30,900 in the year (2023.. £32,150). The expenditure comprised giants paid of £31,600 12023.. £14,000) resulting in a def1t of £70012023: £18,150). The bance broughl forward at 1 January 2024 was £91,319 and £67,996 was Carried foTh¥ard at 31Dmber 2024. RISK MANAGEMENT The trustees have reviewed the risks to which they conslder the trust to be susceptible, in accordance with the Charty CDmmissK)n guKlelines. The trustees are satisfied that systems are in place lo mitigate the tharty'$ exposure to major rks. RESERVES POLICY There were no unrestrfcted reserves of the chariiy at 31 December 2024 (2023.. nil). The trustees have reviewed this position and note the Im[tanCe of being able to meet the charitable objectives ofthe InlerLit Foundalion Pakistan and fund grants when required. STRUCTURE, GOVERNANCE AND MANAGEMENT The tnjsl is a registered charity. number 1099186. and is conslitutgJ under a trust deed dated 21 October 2002. The Irust is directed by a board of trustees. all of whose rneMbe are vdunteers. The trustees met three times during the year and reviewed the chariS activities, supported and encouraged the work and planned for the future. Decisions are taken by a simple majority. No remuneration is paid to any of the trustees and exFenses incurred on behalf of the djarty are reimbursed. Potential new trustees are generally people known to one or mote of the existing trustees who have an area of expertise to offer the charity and who have sympathy with its aims and objectives, trustees are appointed by resolution of the trustees passes at a special meeting. Once appointed, new trustee$ ieam more about the WO of the charty.
INTERLIT FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 {CONTINUED} STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED) In January 2023, the Charity Commt8sion engaged with the charty as part of Its proactive project looking at chartties operating in Pakislan. The trustees mel the Charity Commission in April ané consideration was given to Ihe chariVs governan, including potential conflicts of interest. the independence of trustees 8nd their management of Ihe charity, As a result, the Commission issued adv and guidan in August, The trustees met lo consider the Commission's findings and agreed new wrttten polioies covering areas of importarFce in the governance of the charity. A detaiW response was sent to the Commission in November 2023 and having reviewed the information supplied to it in the round, irs a letter dated 1 February 2024, the Charty Comrntssn assessed the charity to be *tholty compltant. in addressing the action require. REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Susan Smith Geoffrey Smith Doreen Blackman Rosemarie A Jolley Joshua J Cottingham Hannah R Prosser Catherine M B Young (Appointed on 1 DeCemr 20241 (Resigned on 19 October 2024) Principle Office 20 Stratford Street Tunbridge Wel KentTNI 2JH Independent Examiner N M Gower-smith FCA Norman Cox & Ashby CharteredAccountants Flat 3, 18 Lewes crenI Brighton. East Sussex BN2 1 GB Bankers Lloyds Bank p 82 Mount Pleasant Road Tunbridge Wells, Kent TN1 1RP
IrERUT FOUNDATION REpoirr OF THE TRUISTEES FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) THE TrusfEES' RESPONSIBILIT]ES IN RELATION TO THE FINANCIAL STATEMENTS The trustees are responsbi le for preparing a tri. annual report and finanaal statement5 in accordance with applicabte law and United lfjngdom A(Lounting Standards luned Klngdom GeneratyAccepled Accounting Practrej. The law applicable to charitles in England and re4UiA8 the charity trustees to wepare financiaI statements for ffach year whith gtve a Itue 8nd fair view of the state of thrs of the charity and of the incomTng resour and appfKation of resouw of the charity for that period. In preparing the financial ststements. the trustees are required to: (a) select suitable accounting pdtcies and then appty them consistent. (b) observe the melldS and principles in the apprabl2 Chatities SORP." (c) make judgements antj esttmates that WE reasonable and pruden¢ (dl state whether applicablg a(rounting standards have been followed, subject to any mateTial departuros that must be disclosed and exrAained in the fiE)anctal statements", (e) prepa the financial statements on the going cOrtM ba%is unless il is inapproprh*p to p8Me that the w[ (x)ntinue in operalion. The trustees are respo[1b}e for keeping piDper accounting records that dtsclose wtth reasonabb accuracy at any tirne the financ1 positton of the charity and to enable them to enwre that the financial staiemeFtts comply wilh the Chaitie5 Art 2011. the 8pplicabl6 Charities (Acoiutts and Reports) Regulations. and the provisions of the trust deed. They are also responsible for safeguar(ling tha assets of the chaY and taking reasonable steps for the prevertion and detectw)n otfraud and other irreauJarittes. Approved by the twstee5 on 26 September 2025 their behalf by R AJolley Trustee
INTERLrr FOUNDATION REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF INTERLIT FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2024 I report to the trustees on my examination of the accounts of InterLit Foundation ft)r the year ended 31 December 2024 set out on pages 7 to 14. RESPONSIBILITIES AND BASIS OF REPORT As the tharity's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Chartties Att 2011 fthe Acf,) I report in respect of my exaMatiOn of the tharitys accounts Ixrried out under section 145 of the 2011 Act and in carying out my examination, I have follow all the Directions given by the Charity Commission under section 145(5){b) of the Act. INDEPENDENT EXAMINER'S STATEMEP I have completed my examination. I rJ)nfTh th no matwial matters have come to my attention . in connectton with the examination which give me use to beIve that in any material respect.. the accounting records were n(k kept in a(ZOrdan with section 130 of the Charttles Act or the accounts did not accord wtth the accounting records" or the accounts did not compty wtth the appltcalAe requirements o)ncerning the forni and contents of accounts set OLrt tn Chariltes {A(xounts and Rewrts) Regutations 2008 , olher than ary requirement that the accounts gNe a Yrue and fair view. which 18 not a rnatter considered as FQrt of an indeptht examination. I have no concems and have me across no other matters In nneCn with the examination to which attention shoukl be drawn in this report in order to enable a proper understanding of the accounts to be reached. NMGO NORMAN &ASHBY CharteredAccount8nts Flat 3, 18 Lewes cscent righton East Susx BN2 1GB r-sm 2 OGtobw2025
INTERLIT FOUNDATION sTATEMETr QF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted Fund Fund Total 2024 Total 2023 Note INCOME Donations 30.900 30,900 32,200 TOTAL INCOME 30,9)0 30,900 32,2C() EXPENDITURE Charitable Activities Grants Paid Support Costs (31.600) (31,600} (14,000) (22,6231 {23,6401 (22,623) TOTAL EXPENDITURE (22,623) {31,600) {54,223) 37,640 NET INCOME I (EXPENDITURE) {22,623) (700} (23.323) (5,440) TRANSFERS 22,623 (22,623} NET MOVEMENT IN FUNDS (23,323) {23,323} (5,440) RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD AT 1 JANUARY 2024 (40,576) 91,319 50.743 56.183 TOTAL FUNDS CARRIED FORWARD AT 31 DECEMBER 2024 £(40,576) £67,996 £27,420 £50,743
INTERLIT FOUNDATION BALANCE SHEEr AT 31 DECEMBER 2024 2024 2023 Note CURRENT AssErs Cash at Bank and in HaThJ 29.010 52,177. TOTAL CURRENT ASSEFS 52.177 LIABILITIES Creditors falling due within one year Accruals 1.590 1.434 MET CURRENT AssErs 27.420 50,743 NET ASSETS £27.420 £50.743 THE FUNDS OF THE CHARrrY UnrestriGted Income Fund General Fund (40.576) (40,576) RestrFCted Fund 67,996 91,319 TOTAL CHARrrY FUNDS £27,420 £50.743 Approved by the trustees on 26 September 2025 and gnl on their Ilf by RAJolley Trustee
INTERLIT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 ACCOUNTING POLICIES la) Basis of Preparation and assessment of Going cOnM The financial statements have been prepared urKler the historical cost convention with Items recognised at cost or transactwon value unless otherwise stated in the relevant note to these accounts. The financial ststements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their aGcounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - Charities SORP {FRS 102), the Financial Reporting Standards applicable in the united Kingdom and Republic of Ireland (FRS 102) and the Charities Act2011. The trust constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the trust's abilty to continue as a going concem. (b) Reconciliation previous Generally Apted Accounting Practice In preparing the accounts, the trustees have considered whether in applying the accoLFnting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was needed. No nStatements were required. (c} Fund Structure The unrestricted income fund comprises those fvnds which the trustees are free to use tor any purpose in furtheran of the objectives of the charity Restricted income ndS are funds raised for specific purposes or that have restrictions imposed by donors and can only be applied for the particular purposes specified by the donors. (d} Incoming Recognition All income is recognised once tt)e charity has entiuement to the income, there is sufficient certainty or receipt and so it Ès probable that the income will be received, and the amount of income receivable can be measured reliabty. Donations are recognised when received by or on behalf of the Gharity. Other income is recognised when it has been communicated in writing with notification of both the amount and settlement date. Income from translation SeICe8 and sale of books is accounted for when received.
INTERLIT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 ACCOUNTING POLICIES (CONTINUED) (e) Expenditure Recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to thal expendrture, tt is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses, including govemance costs, are allocated or apporboned to the applicable expenditure headings in the ststement of financial acbvities Grants are made to the InterLit Foundation Pakistan to enable it to meet its tharitable objectives. Grants are made at the discretion of the trustees. (fj Allocation of Support and G0Veman Costs Support costs have been differentiated beeen governan costs and other support costs. Government costs comprise all costs involving the public acGounlability of the charity and its compliance with regulation and good practi. These costs include costs related to the independent examination and Iwstees expenses. Ig) Charitable Aclsvities The expenditure on charitable activittes induded Ihose costs incurred directly on the objects of the charity, governance costs and support costs. 10
INTERLIT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) Unrestticted Restricted Fund Fund Total 2024 Total 2023 2 EXPENDITURE Charitsble Activities Grants Paid to Intedlt Foundation Pakistan Five grants {2023: 2 grants) 31.600 31,600 14,000 Support Costs Bank Charges Postage Travel IT Consultancy Language Services Governance Costs Independent Examinerfs Fee Accountant's Fee Sundries 45 45 330 30 300 611 21,205 18,458 2.000 18,458 2.000 795 795 200 795 795 200 747 747 22,623 22,623 23,640 TOTAL EXPENDIITURE £22,623 £31.600 £54.223 £37.640 3 EMPLOYEES There were no employees during this year or the previous year.
INTERLIT FOUNDATION NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2024 4 RECONCILATION OF FUNDS Unrestricted Restricted Fund Fund Total 2024 Total 2023 Cash at Bank and in Hand Creditors and Accruals (39.022) (1.554} 68.032 29,010 52,177 (1,554) (1,434) £(40,576) £68,032 £27,456 £50,743 5 ANALYSIS OF UNRESTRICTED INCOME FUND GENERAL FUND At 1 January 2024 Income during the year Expènditure during the year Trdnsfer from Book PubliGations Fund (40.576) {16,986) 50 (22,623) (23,460) 22.623 At 31 December 2024 £(40,576) £(40,576) 6 ANALYSIS OF RESTRICTED INCOME FUND BOOK PUBLICATIONS FUND At 1 January 2024 Income during the year Expenditure during the year Transfer to Book Publications Fund 91.319 73,169 30,900 32,150 {31,600} (14,000) (22,623) At 31 December 2024 £67.996 £91,319 The fvnd is used for the costs associated with the publication of literature distributed in Pakistan. 12
INTERLIT FOUNDATION NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMER 2024 (CONTINUED) 7 RELATED PARTY TRANSACTIONS Two of the trustees, Mr G Smith and Mrs S Smith. are trustees of Intertit Foundation Pakistan. The Restricted Fund includes grants to that trust of £31.600 (2023.. £14,000) for book publications. B TRANSACTIONS WITH TRUSTEES Neither the trustees nor any persons connected with them have e1Ved any remuneration during the year. 13