2024-07-31-accounts

Trustees’ Annual Report for the period

From 01/08/23 Period start date To 31/07/24 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 employment and 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 Food assistance- Ramadhan 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 continues to expand its provision and did so during this period. We partnered with a fashion design house to establish a new crafts training centre to train women in the art of block printing and hand embroidery. We created a bespoke Savayra product, the Shopper bag which is now being produced at the centre to create employment for destitute women. A partial solar system has been added to the centre to make the centre environmentally friendly and more sustainable. The Rickshaw program continues to be a success providing employment and a source of income for 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	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 Shopper project means this objective was achieved.
Performance of fundraising activities against objectives set		Fundraising targets were met with new donors identified to support and fund the Shopper project. The charity despite additional capital spend this year 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 focused on new donors for specific expansion and the new project whereas regular donors focused on core costs
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The trustees have agreed to hold a minimum of 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 remains friends, family and personal networks of the trustees.
Investment policy and objectives including any social investment policy adopted	Para 1.46	The Centre is starting to generate some income from courses and the Salon and this is starting the Centres slow transition to more financial sustainability.
A description of the principal risks facing the charity	Para 1.46	Pool of donors remains relatively small although it was extended this year due to support for the Ramadhan food parcels and specific funding for the Shopper project. Reserves remain strong.
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	The charity is seeking to renew or add to its trustee pool. All current trustees made aware of and advised to familiarise themselves with on-going guidance, training and support information provided by the Charities Commission
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 a successful at cost partnership with Aleph Studios to provide training and set up expertise re the Shopper project.
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
	180225
	180225

SAVAYRA FOUNDATION UK

RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDING 31ST JULY 2024

	£'s	£'s
S
Regular Donations	5361.00
Donations Fundraising	29525.00
Gift Aid/Bank Interest	0.00
Other Income	0.00	34886.00

RECEIPTS

PAYMENTS

Zakat/Reward Scheme 0.00 Hall Booking (Function) Pakistan 0.00 Printing, Sta. & Post 136.00 Material for skill Centre 3496.00 Food Parcel Programme 12000.00 Centre Running Costs 2389.00 Salaries 12055.00 Utilities (Electricity) 8371.00 Travel Expense 1340.00 Telephone & Internet 411.00 Repairs & Maintenance 3736.00 Miscellaneous Expenses 186.00 Exchange Rate Difference 158.00 Bank Charges 4.00 Surplus/Deficit	44282.00
	(9396.00)

SAVAYRA FOUNDATION UK STATEMENT OF ASSETS & LIABILITIES AS AT 31ST JULY 2024

ANALYSIS OF FUNDS

£'s

Unrestricted Funds Balance brought forward Receipts Payments Balance carried forward Restricted Funds Balance brought forward Receipts Payments 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	69247.00 34886.00 (44282.00)
	59851.00
	0.00 0.00 (11000.00)
	(11000.00)
	48851.00
	1511.30 (377.83)
	1133.48
	46058.00 2793.00
	48851.00

SAVAYRA FOUNDATION UK UK BANK ACCOUNT AS AT 31ST JULY 2024

£'s

	£'s
PAYMENT TYPE Direct Debits Gift Aid/Bank Interest Bank Deposits & Transfers	5361.00 0.00 29525.00
	34886.00

RECONCILIATION Opening Balance Receipts Payments Closing Balance As per Bank Statement 70046477	Account No. 70046477 51157.00 34886.00 (39985.00)
	46058.00
		46058.00

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 2024.

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:

1. accounting records were not kept in respect of the charity 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] ‘.

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: 23 January 2025