REGISTERED CHARITY NUMBER: 1100194
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
FOR
HAZARA CHARITABLE TRUST
Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
HAZARA CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
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Page |
Page |
Page |
Report of the Trustees |
1 |
to |
2 |
Independent Examiner's Report |
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3 |
|
Statement of Financial Activities |
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4 |
|
Balance Sheet |
|
5 |
|
Cash Flow Statement |
|
6 |
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Notes to the Cash Flow Statement |
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7 |
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Notes to the Financial Statements |
8 |
to |
13 |
Detailed Statement of Financial Activities |
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14 |
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HAZARA CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31March2022.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with
theFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives and aims of the charity are as follows:
-toadvanceeducation,torelievepovertyandsicknessandpreserveandprotectgoodhealth among
Hazara people anywhere in the world.
-toadvancetheeducationofthepublicintheunderstandingandappreciationoftheHazaraarts and
culture.
-topromotethebenefitofthecommunityandinparticularbutnotexclusively,theHazaracommunity in
the UK.
Grantmaking
Thecharityprovidesgrantfundingtoprojectsthatfallinsidethescopeofitscharitable objectives,
particularly projects that benefit Hazara communities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
SomeofMarefatSchoolteamwhomigratedtotheUSafterthecollapseofAfghanistantoTaliban in
2021,andtheirsupporterscreatedthe30-birdsfoundationintheUS.30-birdsfoundationwascreated to
fundandfacilitatetheevacuationandresettlementofthestudentsofMarefatSchoolfromAfghanistan to
Canada.AstheydidnothaveacharityintheUK,HazaraCharitableTrusthelpedthemasafiscal sponsor
intheUKtofacilitatetheirfundraisingwhiletheyweretryingtoestablishtheirowncharityintheUK. All
the funds raised for evacuation in the UK were transferred to 30-birds foundation in the US.
FINANCIAL REVIEW
Principal funding sources and Overview of the year
Theprimarysourceoffundsduringtheyearwasthereceiptofdonationsfromtheindividualswanting to
supporttheevacuationofMarefatSchoolstudentsandtheirfamiliesfromKabultoasafeplace. Total
donationsandgrantsreceived(inclusiveofgiftaid)were£983,592(2021:£3,944),ofwhich £983,592
(2021: £3,563) were specifically for the evacuation and resettlement of these students and their families.
Thefinancialresultsfortheyeararesetoutintheattachedaccounts.Theyshowasurplusof £177,786
fortheyear,comparedwithasurplusof£776fortheperiodended31March2021.Thetotalreserves at
31 March 2022 were £245,415 compared with £67,629 at 31 March 2021.
Totalexpenditureduringtheyearwas£805,806(2021:£3,168)ofwhich£800,371wassenttofund the
evacuationofMarefatSchoolstudentsand£3800wassenttoMarefatSchooltosupportteacher's wages
(2021: £2,839).
The Trust continued to raise funds for the establishment of a Community Centre for the Hazara people in
the UK. During the year £240 (2021: £381) was raised for this purpose.
Reserves policy
ThepolicyoftheTrusteesistousetheincometosupportprojectsratherthanincreaseitsown funded
position.Thecharityretainsanamountofreserveswhichisconsideredsufficienttocoverany expected
general administration costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
HazaraCharitableTrustisanunincorporatedcharitygovernedbyitsconstitutiondated19July2002. It
was registered as a charity with the Charity Commission on 20 October 2003.
Page 1
HAZARA CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
TheappointmentofnewTrusteesisbyinvitationandamajoritytrusteeagreement.Newtrusteeswill be
considered based upon their relevant skills, applicable to the charity's objectives.
Induction and training of new trustees
An informal training programme is provided to newly appointed trustees.
Related parties
Thecharityhasnolinkwith"RelatedParties"asdefinedbytheStatementofRecommendedPractice and
has not combined with any other organisation in the pursuit of its charitable objectives.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1100194
Principal address
29 Mashiters Walk
Romford
Essex
RM1 4DA
Trustees
S Haidary
Z Sekandary (resigned 2/12/2021)
A Rezai (resigned 2/12/2021)
T Ahmed
E Sekandary
K Ali
M A Ekhtiari
Independent Examiner
Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
Bankers
National Westminster Bank Plc
27 High Road
Chadwell Heath
Romford
Essex
RM6 6QD
Approvedbyorderoftheboardoftrusteeson.............................................andsignedonits behalf
by:
.......................................................
S Haidary - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
HAZARA CHARITABLE TRUST
Independent examiner's report to the trustees of Hazara Charitable Trust
IreporttothecharitytrusteesonmyexaminationoftheaccountsofHazaraCharitableTrust(the Trust)
for the year ended 31 March 2022.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance
with the requirements of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheAct and
incarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission
under Section 145(5)(b) of the Act.
Independent examiner's statement
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalisted body.
IcanconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamaregisteredmember of
FCCA CTA which is one of the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention in
connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Lee Blunden
FCCA CTA
Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
Date: .............................................
Page 3
HAZARA CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
2
240
Charitable activities
3
Core Activities
-
Total
240
EXPENDITURE ON
Raising funds
-
Charitable activities
4
Core Activities
-
Total
-
NET INCOME
240
RECONCILIATION OF FUNDS
Total funds brought forward
67,076
TOTAL FUNDS CARRIED FORWARD
67,316 |
Restricted
fund
£
906,352
77,000
983,352
1,440
804,366
805,806
177,546
553
178,099 |
2022
Total
funds
£
906,592
77,000
983,592
1,440
804,366
805,806
177,786
67,629
245,415 |
2021
Total
funds
£
3,944
- |
|
|
|
3,944 |
|
|
|
329
2,839 |
|
|
|
3,168 |
|
|
|
776
66,853 |
|
|
|
67,629 |
The notes form part of these financial statements
Page 4
HAZARA CHARITABLE TRUST
BALANCE SHEET 31 MARCH 2022
Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
9
-
Cash at bank
67,316
67,316
CREDITORS
Amounts falling due within one year
10
-
NET CURRENT ASSETS
67,316
TOTAL ASSETS LESS CURRENT
LIABILITIES
67,316
NET ASSETS
67,316
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Restricted
fund
£
146,862
32,678
179,540
(1,441)
178,099
178,099
178,099 |
2022
Total
funds
£
146,862
99,994
246,856
(1,441)
245,415
245,415
245,415
67,316
178,099
245,415 |
2021
Total
funds
£
-
67,929
67,929
(300)
67,629
67,629
67,629
67,076
553
67,629 |
|
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
S Haidary - Trustee
.............................................
T Ahmed - Trustee
The notes form part of these financial statements
Page 5
HAZARA CHARITABLE TRUST
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Change in cash and cash
equivalents in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the
end of the reporting period |
2022
£
32,065
32,065
32,065
67,929
99,994 |
2021
£
(975)
(975)
(975)
68,904
67,929 |
|
|
|
The notes form part of these financial statements
Page 6
HAZARA CHARITABLE TRUST
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022
1. |
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM |
OPERATING ACTIVITIES |
OPERATING ACTIVITIES |
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Net income for the reporting period (as per the Statement |
|
|
|
of Financial Activities) |
177,786 |
776 |
|
Adjustments for: |
|
|
|
Increase in debtors |
(146,862) |
- |
|
Increase/(decrease) in creditors |
1,141 |
(1,751) |
|
Net cash provided by/(used in) operations |
32,065 |
(975) |
2. ANALYSIS OF CHANGES IN NET FUNDS
|
At 1.4.21 |
Cash flow |
At 31.3.22 |
|
£ |
£ |
£ |
Net cash |
|
|
|
Cash at bank |
67,929 |
32,065 |
99,994 |
|
67,929 |
32,065 |
99,994 |
Total |
67,929 |
32,065 |
99,994 |
The notes form part of these financial statements
Page 7
HAZARA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements
have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
GrantsreceivablearerecognisedintheStatementofFinancialActivities(SoFA)intheyear in
whichtheyarereceivable.IncomeisdeferredonlywhentheCharityhastofulfil conditions
becomingentitledtoitorwherethedonorhasspecifiedthattheincomeistobeexpendedin a
future period.
IncometaxrecoverableinrelationtodonationsreceivedunderGiftAidordeedsofcovenant is
recognised at the time of the donation.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a
commitment but not accrued as expenditure.
Taxation
Asacharity,HazaraCharitableTrustisexemptfromtaxonincomeandgainsfallingwithin section
505oftheTaxesAct1988ors256oftheTaxationofChargeableGainsAct1992totheextent that
these are applied to its charitable objects. No tax charges have arisen in the Charity.
Fund accounting
Unrestrictedfundsareavailableforuseatthediscretionofthetrusteesinfurtheranceof the
General objectives of the charity.
Restrictedfundsaresubjectedtorestrictionsontheirexpenditureimposedbythedonor or
through the terms of an appeal.
2. CHARITABLE ACTIVITIES
CHARITABLE ACTIVITIES |
|
|
Donations
Gift aid |
2022
£
747,028
159,564
906,592 |
2021
£
3,944
- |
|
|
3,944 |
continued...
Page 8
HAZARA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
3. INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Core Activities
Grants received, included in the above, are as follows:
Headley Trust
CHK Foundation
Esmee Fairbairn Foundation
The Rothschild Foundation
4.
CHARITABLE ACTIVITIES COSTS
Core Activities
5.
GRANTS PAYABLE
Core Activities
6.
SUPPORT COSTS
Raising donations and legacies
Core Activities |
Grant
funding of
activities
(see note
5)
£
804,171
Finance
£
-
195
195 |
|
|
|
|
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenoremunerationorotherbenefitspaidtothetrusteesfortheyearended31 March
2022 nor for the period ended 31 March 2021.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2022norfortheyear ended
31 March 2021.
continued...
Page 9
HAZARA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Charitable activities
381
EXPENDITURE ON
Raising funds
-
Charitable activities
Core Activities
-
Total
-
NET INCOME
381
RECONCILIATION OF FUNDS
Total funds brought forward
66,695
TOTAL FUNDS CARRIED FORWARD
67,076
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued expenses
11.
MOVEMENT IN FUNDS
At 1.4.21
£
Unrestricted funds
General fund
1,214
Community Centre fund
65,862
67,076
Restricted funds
Marefat High School fund
553
TOTAL FUNDS
67,629 |
Restricted
fund
£
3,563
329
2,839
3,168
395
158
553
2022
£
146,862
2022
£
1,441
Net
movement
in funds
£
-
240
240
177,546
177,786 |
|
|
Total
funds
£
3,944 |
|
|
|
|
329
2,839 |
|
|
|
|
3,168 |
|
|
|
|
776
66,853 |
|
|
|
|
67,629 |
|
|
|
|
|
|
|
|
|
|
continued...
Page 10
HAZARA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
Community Centre fund
240
-
Restricted funds
Marefat High School fund
983,352
(805,806)
TOTAL FUNDS
983,592
(805,806)
Comparatives for movement in funds
Net
movement
At 1.4.20
in funds
£
£
Unrestricted funds
General fund
1,214
-
Community Centre fund
65,481
381
66,695
381
Restricted funds
Marefat High School fund
158
395
TOTAL FUNDS
66,853
776
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
Community Centre fund
381
-
Restricted funds
Marefat High School fund
3,563
(3,168)
TOTAL FUNDS
3,944
(3,168) |
Movement
in funds
£
240
177,546
177,786
At
31.3.21
£
1,214
65,862
67,076
553
67,629
Movement
in funds
£
381
395
776 |
|
|
continued...
Page 11
HAZARA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Community Centre fund
Restricted funds
Marefat High School fund
TOTAL FUNDS |
At 1.4.20
£
1,214
65,481
66,695
158
66,853 |
Net
movement
in funds
£
-
621
621
177,941
178,562 |
At
31.3.22
£
1,214
66,102 |
|
|
|
67,316
178,099 |
|
|
|
245,415 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
Community Centre fund
Restricted funds
Marefat High School fund
TOTAL FUNDS |
Incoming
resources
£
621
986,915
987,536 |
Resources
expended
£
-
(808,974)
(808,974) |
Movement
in funds
£
621
177,941
178,562 |
|
|
|
|
Marefat High School fund
ThisfundhasbeencreatedforthebenefitofMarefatHighSchool,Afghanistan.Income attributed
tothisfundconstitutesfundraisingreceiptswheretheappealwasspecificallyforthis purpose.
Expenditureattributedtothisfundconstitutesthecostsoffundraising,grantfundingpaidto the
schoolaswellasanyotheradministrationandgovernancecostsdirectlyincurredforthis purpose.
Duringthethe2021/22financialyear,increasedfundingwasreceivedinordertoassistwith the
evacuation of the students from Marefat High School.
Community Centre fund
ThisfundhasbeencreatedforthepurposeofsettingupacommunitycentreintheUKfor the
benefitoftheHazaracommunity.Incomeattributedtothisfundconstitutesdonationswhich the
trusteeshavedesignatedforthispurpose.Expenditureattributedtothisfundconstitutes the
costsoffundraisingaswellasanyotheradministrationandgovernancecostsdirectlyincurred for
this purpose.
continued...
Page 12
HAZARA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
12. RELATED PARTY DISCLOSURES
Therewerenorelatedpartytransactionsfortheyearended31March2022,norwerethereany for
the year ended 31 March 2021.
Page 13
HAZARA CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
INCOME AND ENDOWMENTS
Charitable activities
Donations
Gift aid
Charitable activities
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Grants to institutions
Support costs
Finance
Bank charges
Governance costs
Accountancy and legal fees
Total resources expended
Net income |
2022
£
747,028
159,564
906,592
77,000
983,592
804,171
195
1,440
805,806
177,786 |
2021
£
3,944
- |
|
|
3,944
- |
|
|
3,944
2,839
30
299 |
|
|
3,168 |
|
|
776 |
This page does not form part of the statutory financial statements
Page 14