Trustees’ Annual Report for the period
From 01/08/22 Period start date To 31/07/23 Period end date
Charity name: Savayra Foundation UK
Charity registration number: 1101220
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Poverty relief Education of orphan girls and destitute women |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Provision of training at Savayra Skill Centre for the education of women and girls to enable them to acquire the skills to earn a living and thus alleviate poverty. Support for emergency healthcare for poor and destitute women Income support program via Rickshaw provision Distribution of Ramadhan Food Parcels |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Skills, resource and support to alleviate poverty as per the objectives of the charity and guidance on public benefit |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The Savayra Centre has once again expanded its provision during this period. We established a hair and beauty training facility and income support progremme Women and girls were offered training programs to establish a hair and beauty salon at the Savyra centre. The charity invested in the infrastructure to establish a hair and beauty salon which now provides a regular income for local women and girls. The IT lab continues to be a success with additional training provided for the trainer enabling a broader provision of IT courses. We continue to invest in the centre including introducing green measures around waste disposal and will invest in solar power in the next accounting period. The Rickshaw program has been reevaluated and continues to provide a source of income to some of the most needy families. The charity continues to establish a culture of gender equality and support for womens empowerment work in a rural environment. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
To expand the range of skills training offered at the centre and to ensure the skills are relevant to today’s job market. The establishment of the hair and beauty salon and training centre means this objective was achieved. |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Fundraising targets were exceeded due to specific and targeted fundraising for the hair and beauty salon project. Despite capital investment and spend the charity continues to maintain reserves as agreed by trustees. |
|
| Investment performance against objectives |
N/a | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Fundraising was assisted by raising funds for specific capital investment for hair and beauty salon and training facilities |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The trustees have agreed to hold 18months of running costs as reserves and this target is currently being exceeded |
| Amount of reserves held | Para 1.22 | 24 months |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The principal source of funds remain friends, family and personal networks of the trustees. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | To test capital spend against job creation and ensure long term financial sustainability for the centre. To consider investments that protect the environment and provide costs savings. |
| A description of the principal risks facing the charity |
Para 1.46 | Pool of donors still remains relatively small and to focus on extending this. |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust Deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Trust |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Appointment by other trustees as per trust document |
| Additional information (optional) You may choose to include further statements |
where relevant about: | |
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | All trustees advised and signposted to make use of Charity Commission circulars and advice |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | The charity had continued discussions with local NGOs and charities working in the same geographical area with a view to offering up space at the centre for joint / partnership working. These discussions have not come to fruition at this stage. |
| Other |
Reference and Administrative details
| Charity name | Savayra Foundation UK |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1101220 |
| Charity’s principal address | 47 Trueman Avenue Heckmondwike West Yorkshire WF16 9JY |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Javed Iqbal | Chairman | |||
| Tanzeel Qureshi | ||||
| Mohammed Waheed |
Treasurer | |||
| Tabasum Aslam | ||||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity Name and objects of the N/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/a safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Javed Iqbal | ||
Chairman |
||
| 03042023 | ||
| 03042023 |
SAVAYRA FOUNDATION UK RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDING 31ST JULY 2023
| RECEIPTS Donations Fundraising Event Gift Aid/Bank Interest Other Income PAYMENTS Zakat/Reward Scheme Hall Booking (Function) Pakistan Printing, Sta. & Post Material for skill Centre Saloon Project Food Distribution Project Skill Centre Running Costs Salaries Skill Centre Utilities Travel Expense Office Running Costs Rent & Rates Repair & Maintenance Miscellaneous Expenses Exchange Rate Difference Bank Charges Surplus/Deficit |
£'s 59386.00 0.00 0.00 0.00 5447.00 265.00 1989.00 2352.00 2500.00 1758.00 4666.00 8590.00 976.00 2480.00 2040.00 7.00 4008.00 197.00 114.00 158.00 |
£'s 59386.00 |
|---|---|---|
| 37547.00 | ||
| 21839.00 |
SAVAYRA FOUNDATION UK STATEMENT OF ASSETS & LIABILITIES AS AT 31ST JULY 2023
| ANALYSIS OF FUNDS Unrestricted Funds Balance brought forward Receipts Payments Balance carried forward Restricted Funds Balance brought forward Receipts Payments (Saloon Payment) Balance carried forward TOTAL FUNDS FIXED ASSETS Ambulance Depreciation @ 25% NET ASSET VALUE CURRENT ASSETS Cash in Bank - UK Cash in Bank/Hand - Pakistan NET ASSET VALUE |
£'s 47408.00 59386.00 (37547.00) |
|---|---|
| 69247.00 | |
| 0.00 (12272.00) |
|
| (12272.00) | |
| 56975.00 | |
| 2015.07 (503.77) |
|
| 1511.30 | |
| 51157.00 5818.00 |
|
| 56975.00 |
SAVAYRA FOUNDATION UK UK BANK ACCOUNT AS AT 31ST JULY 2023
£'s
| PAYMENT TYPE Direct Debits Gift Aid/Bank Interest Bank Deposits & Transfers RECONCILIATION Opening Balance Receipts Transfers from Saving A/C Payments Transfers to Saving A/C Closing Balance As per Bank Statement 70046477 As per Bank Statement 93366308 |
Account No. 70046477 46184.00 59386.00 (54413.00) |
5521.00 0.00 53865.00 |
Total 46184.00 59386.00 0.00 (54413.00) |
|---|---|---|---|
| 59386.00 | |||
| Account No. 93366308 |
|||
| 51157.00 | 0.00 | 51157.00 | |
| 51157.00 0.00 |
|||
| 51157.00 |
Independent Examiner's Report to the Trustees of Savayra Foundation UK
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 July 2023.
Responsibilities and basis of report
As the charity’s trustees 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 examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) 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 respect of the charity 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] ‘.
I 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.
………………………………………………
Taiq Habib, MiP, A.C.M.A CIMA
Bay Hall Miln Road Birkby Huddersfield HD1 5EJ
Dated: 05 Feb 2024