REGISTERED CHARITY NUMBER: 1100194
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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 2024
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Page |
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Report of the Trustees |
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to |
2 |
Independent Examiner's Report |
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3 |
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Statement of Financial Activities |
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4 |
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Balance Sheet |
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5 |
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Notes to the Financial Statements |
6 |
to |
10 |
Detailed Statement of Financial Activities |
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11 |
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HAZARA CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31March2024.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£127,095(2023:£105,024),of which
£126,975(2023:£103,944)werespecificallyfortheevacuationandresettlementofthesestudents and
their families.
Thefinancialresultsfortheyeararesetoutintheattachedaccounts.Theyshowasurplusof £105,862
fortheyear,comparedwithadeficitof£177,676fortheperiodended31March2023.Thetotal reserves
at 31 March 2024 were £173,601 compared with £67,739 at 31 March 2023.
Totalexpenditureduringtheyearwas£21,233(2023:£282,700)ofwhich£20,000wassenttofund the
evacuation of Marefat School students.
The Trust continued to raise funds for the establishment of a Community Centre for the Hazara people in
the UK. During the year £120 (2023: £1,080 ) 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.
Recruitment and appointment of new trustees
TheappointmentofnewTrusteesisbyinvitationandamajoritytrusteeagreement.Newtrusteeswill be
considered based upon their relevant skills, applicable to the charity's objectives.
Page 1
HAZARA CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT 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
Approved by order of the board of trustees on 29 January 2025 and signed on its 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 2024.
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
29 January 2025
Page 3
HAZARA CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
2
120
Charitable activities
3
Core Activities
-
Total
120
EXPENDITURE ON
Charitable activities
Core Activities
-
NET INCOME/(EXPENDITURE)
120
RECONCILIATION OF FUNDS
Total funds brought forward
67,739
TOTAL FUNDS CARRIED FORWARD
67,859 |
Restricted
fund
£
76,975
50,000
126,975
21,288
105,687
-
105,687 |
2024
Total
funds
£
77,095
50,000
127,095
21,288
105,807
67,739
173,546 |
2023
Total
funds
£
95,024
10,000
105,024
282,700
(177,676)
245,415
67,739 |
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|
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|
The notes form part of these financial statements
Page 4
HAZARA CHARITABLE TRUST
BALANCE SHEET 31 MARCH 2024
Unrestricted
funds
Notes
£
CURRENT ASSETS
Cash at bank
67,859
CREDITORS
Amounts falling due within one year
6
-
NET CURRENT ASSETS
67,859
TOTAL ASSETS LESS CURRENT
LIABILITIES
67,859
NET ASSETS
67,859
FUNDS
7
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Restricted
fund
£
109,000
(3,313)
105,687
105,687
105,687 |
2024
Total
funds
£
176,859
(3,313)
173,546
173,546
173,546
67,859
105,687
173,546 |
2023
Total
funds
£
69,779
(2,040)
67,739
67,739
67,739
67,739
-
67,739 |
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ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
29 January 2025 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
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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
Donations
Gift aid |
2024
£
71,916
5,179
77,095 |
2023
£
91,307
3,717 |
|
|
95,024 |
continued...
Page 6
HAZARA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
3. INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Core Activities
Grants received, included in the above, are as follows:
CHK Foundation
The Rothschild Foundation |
2024
£
50,000
2024
£
10,000
40,000
50,000 |
2023
£
10,000 |
|
|
2023
£
10,000
- |
|
|
10,000 |
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenoremunerationorotherbenefitspaidtothetrusteesfortheyearended31 March
2024 nor for the period ended 31 March 2023..
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2024norfortheyear ended
31 March 2023.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Charitable activities
1,080
Charitable activities
Core Activities
-
Total
1,080
EXPENDITURE ON
Charitable activities
Core Activities
-
NET INCOME/(EXPENDITURE)
1,080
Transfers between funds
(657)
Net movement in funds
423
RECONCILIATION OF FUNDS
Total funds brought forward
67,316
TOTAL FUNDS CARRIED FORWARD
67,739 |
Restricted
fund
£
93,944
10,000
103,944
282,700
(178,756)
657
(178,099)
178,099
- |
Total
funds
£
95,024
10,000
105,024
282,700
(177,676)
-
(177,676)
245,415
67,739 |
|
|
|
continued...
Page 7
HAZARA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
2024 |
2023 |
|
£ |
£ |
Accrued expenses |
3,313 |
2,040 |
7. MOVEMENT IN FUNDS
At 1.4.23
£
Unrestricted funds
General fund
1,214
Community Centre fund
66,525
67,739
Restricted funds
Marefat High School fund
-
TOTAL FUNDS
67,739
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
Community Centre fund
120
Restricted funds
Marefat High School fund
126,975
TOTAL FUNDS
127,095
Comparatives for 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) |
|
Net
movement
in funds
£
-
120
120
105,687
105,807
Resources
expended
£
-
(21,288)
(21,288)
Transfers
between
funds
£
-
(657)
(657)
657
- |
|
At
31.3.24
£
1,214
66,645
67,859
105,687
173,546
Movement
in funds
£
120
105,687
105,807
At
31.3.23
£
1,214
66,525
67,739
-
67,739 |
|
|
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|
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continued...
Page 8
HAZARA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
Community Centre fund
Restricted funds
Marefat High School fund
TOTAL FUNDS |
Incoming
resources
£
1,080
103,944
105,024 |
Resources
expended
£
-
(282,700)
(282,700) |
Movement
in funds
£
1,080
(178,756)
(177,676) |
|
|
|
|
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 1.4.22
£
1,214
66,102
67,316
178,099
245,415 |
Net
movement
in funds
£
-
1,200
1,200
(73,069)
(71,869) |
Transfers
between
funds
£
-
(657)
(657)
657
- |
At
31.3.24
£
1,214
66,645 |
|
|
|
|
67,859
105,687 |
|
|
|
|
173,546 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
Community Centre fund
Restricted funds
Marefat High School fund
TOTAL FUNDS |
Incoming
resources
£
1,200
230,919
232,119 |
Resources
expended
£
-
(303,988)
(303,988) |
Movement
in funds
£
1,200
(73,069)
(71,869) |
|
|
|
|
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 9
HAZARA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
8. RELATED PARTY DISCLOSURES
Therewerenorelatedpartytransactionsfortheyearended31March2024,norwerethereany for
the year ended 31 March 2023.
Page 10
HAZARA CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
FOR THE YEAR ENDED |
31 MARCH 2024 |
|
|
2024 |
2023 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Charitable activities |
|
|
Donations |
71,916 |
91,307 |
Gift aid |
5,179 |
3,717 |
|
77,095 |
95,024 |
Charitable activities |
|
|
Grants |
50,000 |
10,000 |
Total incoming resources |
127,095 |
105,024 |
EXPENDITURE |
|
|
Charitable activities |
|
|
Grants to institutions |
20,000 |
280,000 |
Support costs |
|
|
Finance |
|
|
Bank charges |
15 |
120 |
Governance costs |
|
|
Accountancy and legal fees |
1,273 |
2,580 |
Total resources expended |
21,288 |
282,700 |
Net income/(expenditure) |
105,807 |
(177,676) |
This page does not form part of the statutory financial statements
Page 11