REGISTERED CHARITY NUMBER: 1100194 REPORT OF THE TRUSTEES AND LINAUDITED FINANCfAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR HAZARA CHARITABLE TRUST Clemence Hoar Cummings Charted Accountants Riverslde Hc)uge 1-5 Como Street Romford Essex RM7 7DN
HAZARA CHARITABLE TRUST CONTENTS OF THE FINANCIAL STAYEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees I to 2 Independent Examiner's Report statement of Financial A¢tivitles Balan Sheet Notes to the Flnanclal Statements 6 to 10 Detailed Statement of FinanGial Activitie5
HAZARA CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their report wlth thÈ financial statements of thè charlty for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charitie5'. Statement of Recommended Practlce appllcable to charities preparing their accounts In accordance with the Financlal Reportlng Standard appllcable Sn the UK and Republlc of Ireland IFRS 102) {effectlve I January 20191. OBJECTIVES AND ACTIVITIES Objectives an<J aims The objectives and aims of the charity are as follows.. to advance education, to relieve poverty and slckness and preserve and protect good health among azara people anywhere in the world. to advance the educatlon of the p(Jblic In the understanding and appreciation of the Hazara arts and culture. to promote the benefit of the community and in particular but not exclusively, the Hazara community in the UK, Grantmaking The charity provides grant funding to projects that fall inside the scope of its charitable objectives, particularly projects that benefit Hazara communities, ACHIEVEMENTS AND PERFORMANCE Charitable activities Some of Marefat School team who migrated to the US after the collapse of Afghanistan to Taliban in 2021, and their supporlers created the 30-birds foundation in the US. 30-birds foundation was created to fund and facilitate the evacuation and resettlement of the students of Marefat School from Afghanistan to Cartada. As they did not have a charity in the UK, Hazara Charitablè Trust h@Iped them as a fiscal sponsor in the UK to facilitate their fundraising while they were trying to establish their own charity in the UK. We are now pleased to report that sir)ce 2024 the 30-birds foundation has successfully registered a charity in the UK and so all the funds raised during thé year for èvacuation in the UK were transferred lo thls charity. FINANCIAL REVIEW Principal funding 50urce5 and Overview of the year Thè primary source of funds during the year was the receipt of donations from the individuals wanting to support the evacuation of Narefat School students and their familles from Kabul to a safe place. Total donations and gronts received {Incluslve of glft aid) were É48,518 12024.. £127,095), of whlch £48,398 {2024- £126,975) were speclflcally for the evacation and resettlement of these students and their farnilies. The financial results for the year are set out In the attached accounts. They show a deficit of £103,975 for the year, compared wlth a surplus of É105,807 for the period ended 31 March 2024. The total reserves at 31 Narch 2025 were £69,571 compared with £173,546 at 31 March 2024. Total expenditure during the year was £152,493 {2024.' É21,288) of whSch £151,500 was sent to fund the evacuation of Marefat School students. The Trust continued to raise funds for the establishment Df a Community Centre for the Hazara people in the UK. During the year £120 {2024.' £120 ) was raised for this purpose. Reserves policy The policy of the Trustees is to use the income to support pmjp.ct£ rath(Jr than increa£e Its own fundg. position. The charity retains an amount of reserves which is considered sufficient to cover any expected general administration costs. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Hazara Charitable Trust is an unincorporated charity govÉrned by its constitution dated 19 July 2Qb02. Jt was registered as a charity with the Charity Commission on 20 October 2003. Page I
HAZARA CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees The appointment of new TrusLees is by invitation and a majority trustee agreement. New trustees will 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 The charity has no link with "Related Parties" as defined by the Statement of Recommended Practlce and has not combined with any other organisation in the pursuit of its charitable objectlves. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Dumber 1100194 Principal addre55 29 Ma£hiters Walk Romford E55ex RMI 4DA Trustees S Haidary T Ahmed E Sekandary K Ali M A Ekhtlarl Independent Examiner Clemence Hoar Cummings Chartered Accountants Riverside House 1-5 Como Street Romford Essex RM7 7DN Bankers National Westminster Bank PIC 27 High Road Chadwell Heath Romford Essex RM6 6QD Approved by order of the board of trustees on by.. and signed on its behalf S Haidary - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAZARA CHARITABLE TRUST Independent examlner's report to the trustees of Hazara Charitable Trust I report to the charity trustees on my examination of the accounts of Hazara Charitable Trust (the Trust) for the year ended 31 March 2025. Responsibilities and basis of report As the chariLy trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examlnation of the Trust's accounts carrled out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(bl of the Act. Independent examiner's statement I have completed my examination, I confirm that no material matters have come to my attention In connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respecL of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records. or 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, J have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Lee Blunden FCCA CfA Clemence Hoar Cummings Chartered Accountants Riverside House 1-5 Como Street Romford Essex RM7 7DN Date.. IS ..l.OQLJ04 Page 3
HAZARA CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total fL¢nds Unrestricted funds Restricted Notes INCOME AND ENDOWMENTS FROM Charitable activities 120 8,398 8,518 77,095 Charitable activities Core Activities 40,000 40,000 50,000 Total 120 48,398 48,518 127,095 EXPENDITURE ON Charitable activities Coro Activitios 152,493 152,493 21,288 NET INCONE/(EXPENDITURE) 120 (104,095) (103,975) 105,807 RECONCILIATION OF FUNDS Total funds brought forward 67,859 105,687 173,546 67,739 TOTAL FUNDS CARRIED FORWARD 67,979 1,592 69,571 173,546 The notes form part of thése flnancSal statements Page 4
HAZARA CHARITABLE TRUST BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted fund Notes CURRENT ASSETS Cash at bank 67,979 2,972 70,951 176,859 CREDITORS Amounts falling due within one year {1,380) {1,380) (3,3131 NET CURRENT ASSETS 67,979 1,592 69,571 173,546 TOTAL ASSETS LESS CURRENT LIABILITIES 67,979 1,592 69,571 173,546 NET ASSETS 67,979 1,592 69,571 173,546 FUNDS Unrestricted funds Restricted funds 67,979 1,592 67,859 105,687 TOTAL FUNDS 69,571 173,546 The f1nancial statements w re approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. S Haidary - Trustee T Ahmed - Trustee The notes form part of these flnancial statements Page 5
HAZARA CHARITABLE TRUST NOTES TO THE FXNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES 8asis of preparing the flnanclal statements The financial statements of the tharity, which is a public benefit entlty under FRS 102, have been prgpared in accordance with the Charitie5 SORP (FRS 102) 'Accounting and Reporting by Charities.. statement of Rocommended Practice applicablg. to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in tho UK and Republic of Ireland {FRS 102) (effective l January 2019),, Financlal Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, Ènd the Charities Act 2011. The financial Statements have been prepared under the historical e05t convention. InGome All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, It is probable that the income will be received and the amount can be measL¢red rellably. Grants receivable are recognised in the Statement of Financial Activities (SOFA) in the year in which they are receivable. Income is deferred only whèn the Charity has Lo fullil Londitions becomlng entitled to it or where the donor has specified that the income is to be expended in a future per£od. Income tax r@coverable in relation to donatlons received under Gift Aid or deeds of covenant is recognised at the tsme of the donation. Expendituve Llabilitie5 are recognised as expenditure as soon as there Is a leoal or constructive obligatlon committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be mea%ur@d rt3liably. Èxpenditure is acLounted for on an accruals basis and has been classifled undÉr hèadings that aggregate all cost related to the category. Where costs cannot be dii-ectly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resourceg. Grants offered subject to conditions which have nol been met at the year end date are noted as a commitment but not accrued as expenditure. Taxation As a charityi Hazara Chatable Trust is exempt from tax on income and oains falling within section 505 of the Taxes Act 1988 or s256 01 thè Taxation of Chargeable Galns ACL 1992 to the extent that these are applied to Its charitable objects. No tax charges have arisen in the Charity. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in further3nce of the General objectlves of the charity. Restricted funds are subjected to restrictlons on their expenditure imposed by the donor or through the terms of an appeal. CHARITABLE ACTIVITXES 2025 2024 Donations Gift ald 8,518 71,916 5,179 8,518 77,095 Page 6 Continued...
HAZARA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activlty Core Activities Grants 40,000 50,000 Grants received, included in the above, are as follows: 2025 2024 CHK Foundation The Rothschild Foundation 10,000 40,000 40,000 40,000 50,000 TRUSTEES. REMUNERATION AND BENEFITS There were no remuneration or other benefits paid to the trustees for the year ended 31 March 2025 nor for the periocl ended 31 March 2024. Trustees, expenses There were no trusteès, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted fund Total funds INCOME AND ENDOWMENTS FROM Charitable activities 120 76,975 77,095 Charitable activities Core Activities 50,000 50,000 Total 120 126,975 127,095 EXPENDITURE ON Charitable activities Core Activities 21,288 21,288 NET XNCOME 120 105,687 105,807 RECONCILIATION OF FUNDS Total funds brought forward 67,739 67,739 TOTAL FUNDS CARRIED FORWARD 67,859 105,687 173,546 Page 7 continued...
HAZARA CHARfTABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 CREDITORS: AMOUNTS FALLXNG DUE WITHIN ONE YEAR 2025 2024 Accrued expenses 1,380 3,313 MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund Community Centre fund 1,214 66,645 1,214 66,765 120 67,859 120 67,979 Restricted funds Marefat High School fund 105,687 {104,095) 1,592 TOTAL FUNDS 173,546 (103,975) 69,571 Net movement in fLFnds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds Community Centre fund 120 120 Restricted funds Marefat High School fund 48,398 (152,493) (104,095) TOTAL FUNDS 48,518 {152,493) {103,975) Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestrlcted lunds General fund Community Centre fund 1,214 66,525 1,214 66,645 120 67,739 12Q) 67,859 Restricted funds Marefat High School fund 105,687 105,687 TOTAL FUNDS 67,739 105,807 173,546 Page 8 continued...
HAZARA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS- continued Comparative net movement in funds, Included in the above are as follows- Incotning resources Resources expended Movement in funds Unrestricted funds Community Centre fund 120 120 Restricted funds Marefat High School fund 126,975 {21,2881 105,687 TOTAL FUNDS 127,095 (21,288) 105,807 A current year 12 months and prior year 12 months combined positlon is as follows.. Net movement in funds At 31.3.25 At 1.4.23 Unrestricted funds Ge.n&_ral fund Community Centre fund 1,214 66,525 1,214 66,765 240 67,739 240 67,979 Restricted funds Marefat High School fund 1,592 1,592 TOTAL FUNDS 67,739 1,832 69,571 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Community Centre fund 240 240 Restricted funds Marefat High Schftol fund 175,373 (173,781) 1,592 TOTAL FUNDS 175,613 1173,781) 1,832 Marefat High School fund This fund has been created for the benefit of Marefat High School, Afghanistan. Income attribut2d to this fund constitutes fundraising reteipts whg.re the appeal was specifically for this purpose. Expellditure attributed to this fund constitutes the costs of fundraising, grant funding paid to the school as well as any other administration and governance costs directly incurred for thls purpose. Community Centre fund This fund has been created for the purpose of setting up a community centre in the UK for the benefit of the Hazara community. Income attributed to this fund constitutes donations whlch the trustees have designated for thi5 pvrpose. Expenditure attributed to this fund constituteg the costs of fundraising as well as any other administration and govèrnance costs directly incurFed for this purpose. Page 9 contlnued...
HAZARA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2025 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025, nor were there any for the year ended 31 March 2024. Page 10
HAZARA CHARITABLE TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITXES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Charitable activities DorÈations Gift aid 8,518 71,916 5,179 8,518 77,095 Charitable activities Grants 40,000 50,000 Total Incoming resources 48,518 127,095 EXPENDITURE Charitable activities Grants to institutions 151,500 20,000 Support costs Finance ank charyes 15 15 Governance costs Accountancy and legal fees 978 1,273 Total resources expended 152,493 21,288 Net {expenditure)/income (103,975) 105,807 This page does not form part of the statutory financial statements Page 11