Registration number 1108383 NIAZ FOUNDATION FinaneiY41 Statements For tbe year ended 31 Marcb 2024
NIAZ FOUNDATION Legal and administrative Informatio Charity Number 1108383 Business Address 96 Thornton Road London SW12 OLL Accountants Coreacc Ltd l Nicoll way Borehamwood Hertfordshire WD6 2PP Trustees Muneeza Niazi Hassan Khan Bashir Karim Hassan Akhtar Niazi Mr Mohammed Ayaz Niazi Imran Khan Bankers Barclays Bank plc
NIAZ FOUNDATION Contents Page Statement of Trnstees Responsibility A¢¢ountants' report Profit and loss account Balance sheet
Statement of Trustees, Responslbilities The trustees are responsible for preparing the trustee annual financial report in accordance to the applicable law of United Kingdom generally acceptable accounting practice. Charity law requires the trustees to prepare accounts for each financial year which give a trne and fair view of the state of affairs and profit and loss of the Charity for that period. In prq)aring these accounts, the trustees are required to: _ -select Suitable accounting policies and then apply them consistently. -make adjustments and estimates that are reasonable and prudent. -Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable then] to ensure that the accounts comply with the Charities Acts. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other iffegularities. The trustees confirnl that the accounts comply with current statutory requirements and those of Charity's trust deed. Approved by the Board of Trustees And signed on behalf of Board Mohammed Ayaz Niazi Trustee Page 4
Independent examiner's report to the Trustees on the unaudited fmancial Statements of Niaz Foundation. st I report on the accounts of Niaz Foundation for the year ended 31 March 2024 set out on pages 6 to Respective Responsibilities of trustees and independent examiner The Charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charity Act 1993(the Act} as amended by the section 28 of the Charity Act 2006 and that independent examination is needed. It is my responsibility to examine the accounts under section 43(3) of the Act, as amended, to follow the procedures laid down in the General Direction given by the Charity Commission under section 43(7}(b) of the Act, as amended, and to state whether particular matters have come to my attention. Basis of Independent Examiners Statement My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a Comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent Examiners Statement In connection with my examination, no matter has come to my attention: To which my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Corecc Limited Chartered Certified Accountants Independent Examiner Page S
Statement of Financial Activities For Year Ended 31 March 2024 2024 2023 Total Donations 28,000 55,985 Resources Expended Wages & Salaries 9,661 10,119 Conversion and Refurbishment 3,399 Utilities 440 629 Computer Bureau cost 144 Bank Charges 67 Repair & Maintenance 1,828 1,505 Printing,Postage and Stationery 81 311 Transport and Motor Runing Expenses 2,761 2,148 Accoutancy 400 500 Sundries expenses 470 475 Donation and Food 7,942 9,892 Clothing 425 Depreciation 780 928 Total resources expended 24,574 30,340 Net Incomefor the year 3,426 25,645 Page 6
NIAZ FOUNDATION Balance sheet As at 31 March 2024 2024 2023 Fixed Assets Tangible assets 4,236 5,016 Current assets Cash at bank and in hand 202,348 202,348 198,142 198,142 Net currents assets 202,348 198,142 Total assets less current Liabilities 206,584 203,158 Net assets 206,584 203,158 Reserve Fund 203,158 177,513 Net Income 3,426 25,645 Total funds 206,584 203,158 Page 7