REGISTERED CHARITY NUMBER: 1100194
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
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 2023
|
Page |
Page |
Page |
Report of the Trustees |
1 |
to |
2 |
Independent Examiner's Report |
|
3 |
|
Statement of Financial Activities |
|
4 |
|
Balance Sheet |
|
5 |
|
Cash Flow Statement |
|
6 |
|
Notes to the Cash Flow Statement |
|
7 |
|
Notes to the Financial Statements |
8 |
to |
13 |
Detailed Statement of Financial Activities |
|
14 |
|
HAZARA CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31March2023.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£105,024(2022:£983,592),of which
£105,024(2022:£983,592)werespecificallyfortheevacuationandresettlementofthesestudents and
their families.
Thefinancialresultsfortheyeararesetoutintheattachedaccounts.Theyshowadeficitof£177,676 for
theyear,comparedwithasurplusof£177,786fortheperiodended31March2022.Thetotalreserves at
31 March 2023 were £67,739 compared with £245,415 at 31 March 2022.
Totalexpenditureduringtheyearwas£282,700(2022:£805,806)ofwhich£280,000wassentto fund
theevacuationofMarefatSchoolstudents.NofundsweresentdirectlytoMarefatSchoolto support
teacher's wages (2022: £3,800).
The Trust continued to raise funds for the establishment of a Community Centre for the Hazara people in
the UK. During the year £1,080 (2022: £240 ) 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 2023
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
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 2023.
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
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
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 2023
Unrestricted
Restricted
funds
fund
Notes
£
£
INCOME AND ENDOWMENTS FROM
Charitable activities
2
1,080
93,944
Charitable activities
3
Core Activities
-
10,000
Total
1,080
103,944
EXPENDITURE ON
Raising funds
-
-
Charitable activities
4
Core Activities
-
282,700
Total
-
282,700
NET INCOME/(EXPENDITURE)
1,080
(178,756)
Transfers between funds
11
(657)
657
Net movement in funds
423
(178,099)
RECONCILIATION OF FUNDS
Total funds brought forward
67,316
178,099
TOTAL FUNDS CARRIED FORWARD
67,739
- |
2023
Total
funds
£
95,024
10,000
105,024
-
282,700
282,700
(177,676)
-
(177,676)
245,415
67,739 |
2022
Total
funds
£
906,592
77,000 |
|
|
983,592 |
|
|
1,440
804,366 |
|
|
805,806 |
|
|
177,786
- |
|
|
177,786
67,629 |
|
|
245,415 |
The notes form part of these financial statements
Page 4
HAZARA CHARITABLE TRUST
BALANCE SHEET 31 MARCH 2023
Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
9
-
Cash at bank
67,739
67,739
CREDITORS
Amounts falling due within one year
10
-
NET CURRENT ASSETS
67,739
TOTAL ASSETS LESS CURRENT
LIABILITIES
67,739
NET ASSETS
67,739
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Restricted
fund
£
-
2,040
2,040
(2,040)
-
-
- |
2023
Total
funds
£
-
69,779
69,779
(2,040)
67,739
67,739
67,739
67,739
-
67,739 |
2022
Total
funds
£
146,862
99,994
246,856
(1,441)
245,415
245,415
245,415
67,316
178,099
245,415 |
|
|
|
|
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 2023
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by 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 |
2023
£
(30,215)
(30,215)
(30,215)
99,994
69,779 |
2022
£
32,065 |
|
|
32,065 |
|
|
|
|
|
32,065
67,929 |
|
|
99,994 |
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 2023
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
OPERATING ACTIVITIES |
|
|
|
2023 |
2022 |
|
£ |
£ |
Net (expenditure)/income for the reporting period (as per |
|
|
the Statement of Financial Activities) |
(177,676) |
177,786 |
Adjustments for: |
|
|
Decrease/(increase) in debtors |
146,862 |
(146,862) |
Increase in creditors |
599 |
1,141 |
Net cash (used in)/provided by operations |
(30,215) |
32,065 |
2. ANALYSIS OF CHANGES IN NET FUNDS
|
At 1.4.22 |
Cash flow |
At 31.3.23 |
|
£ |
£ |
£ |
Net cash |
|
|
|
Cash at bank |
99,994 |
(30,215) |
69,779 |
|
99,994 |
(30,215) |
69,779 |
Total |
99,994 |
(30,215) |
69,779 |
The notes form part of these financial statements
Page 7
HAZARA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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 |
2023
£
91,307
3,717
95,024 |
2022
£
747,028
159,564 |
|
|
906,592 |
continued...
Page 8
HAZARA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
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
Core Activities |
Grant
funding of
activities
(see note
5)
£
280,000
Finance
£
120 |
|
|
|
|
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenoremunerationorotherbenefitspaidtothetrusteesfortheyearended31 March
2023 nor for the period ended 31 March 2022.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2023norfortheyear ended
31 March 2022.
continued...
Page 9
HAZARA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Charitable activities
240
Charitable activities
Core Activities
-
Total
240
EXPENDITURE ON
Raising funds
-
Charitable activities
Core Activities
-
Total
-
NET INCOME
240
RECONCILIATION OF FUNDS
Total funds brought forward
67,076
TOTAL FUNDS CARRIED FORWARD
67,316
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued expenses
11.
MOVEMENT IN FUNDS
Net
movement
At 1.4.22
in funds
£
£
Unrestricted funds
General fund
1,214
-
Community Centre fund
66,102
1,080
67,316
1,080
Restricted funds
Marefat High School fund
178,099
(178,756)
TOTAL FUNDS
245,415
(177,676) |
|
Restricted
fund
£
906,352
77,000
983,352
1,440
804,366
805,806
177,546
553
178,099
2023
£
-
2023
£
2,040
Transfers
between
funds
£
-
(657)
(657)
657
- |
|
Total
funds
£
906,592
77,000
983,592
1,440
804,366
805,806
177,786
67,629
245,415
2022
£
146,862
2022
£
1,441
At
31.3.23
£
1,214
66,525
67,739
-
67,739 |
Total
funds
£
906,592
77,000 |
|
|
|
|
|
983,592 |
|
|
|
|
|
1,440
804,366 |
|
|
|
|
|
805,806 |
|
|
|
|
|
177,786
67,629 |
|
|
|
|
|
245,415 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
continued...
Page 10
HAZARA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
Community Centre fund
Restricted funds
Marefat High School fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Community Centre fund
Restricted funds
Marefat High School fund
TOTAL FUNDS
Comparative net movement in funds, included in the above |
|
Incoming
Resources
resources
expended
£
£
1,080
-
103,944
(282,700)
105,024
(282,700)
Net
movement
At 1.4.21
in funds
£
£
1,214
-
65,862
240
67,076
240
553
177,546
67,629
177,786
are as follows: |
Movement
in funds
£
1,080
(178,756)
(177,676)
At
31.3.22
£
1,214
66,102
67,316
178,099
245,415 |
|
|
|
|
|
|
|
|
Unrestricted funds
Community Centre fund
Restricted funds
Marefat High School fund
TOTAL FUNDS |
Incoming
resources
£
240
983,352
983,592 |
Resources
expended
£
-
(805,806)
(805,806) |
Movement
in funds
£
240
177,546
177,786 |
|
|
|
|
continued...
Page 11
HAZARA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
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 1.4.21
£
1,214
65,862
67,076
553
67,629 |
Net
movement
in funds
£
-
1,320
1,320
(1,210)
110 |
Transfers
between
funds
£
-
(657)
(657)
657
- |
At
31.3.23
£
1,214
66,525 |
|
|
|
|
67,739
- |
|
|
|
|
67,739 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
Community Centre fund
1,320
-
Restricted funds
Marefat High School fund
1,087,296
(1,088,506)
TOTAL FUNDS
1,088,616
(1,088,506) |
Movement
in funds
£
1,320
(1,210)
110 |
|
|
Marefat High School fund
ThisfundhasbeencreatedforthebenefitofMarefatHighSchool,Afghanistan.Income attributed
tothisfundconstitutesfundraisingreceiptswheretheappealwasspecificallyforthis purpose.
Expenditureattributedtothisfundconstitutesthecostsoffundraising,grantfundingpaidto the
school as well as any other administration and governance costs directly incurred for this purpose.
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 2023
12. RELATED PARTY DISCLOSURES
Therewerenorelatedpartytransactionsfortheyearended31March2023,norwerethereany for
the year ended 31 March 2022.
Page 13
HAZARA CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
2023
£
INCOME AND ENDOWMENTS
Charitable activities
Donations
91,307
Gift aid
3,717
95,024
Charitable activities
Grants
10,000
Total incoming resources
105,024
EXPENDITURE
Charitable activities
Grants to institutions
280,000
Support costs
Finance
Bank charges
120
Governance costs
Accountancy and legal fees
2,580
Total resources expended
282,700
Net (expenditure)/income
(177,676) |
2022
£
747,028
159,564 |
|
906,592
77,000 |
|
983,592
804,171
195
1,440 |
|
805,806 |
|
177,786 |
This page does not form part of the statutory financial statements
Page 14