REGISTERED CHARITY NUMBER: 1109321 REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 FOR MINHAS CHARITABLE TRUST R Pau & Co Limited Chartered Certilied Accountants 12-16 Station Street East Coventy West Midlands CV6 5FJ
MINHAS CHARITABLE TRUST CONTENfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balanee Sheet Notes to tbe Financial Statements Detailed Statement of Financial Activities io
MINHAS CHARIT ABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 The trustees present their report with the fiTJancial statements of the charity for the year ended 31 st March 2024. The tNstees have adopted the provisions of Accounting and Reporting by Charities: Staternenl of Recommended Practice applicable to chaTities prepaTing their accounts in accordance with the Financial Kcporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims To provide financial and material support to advance the Islamic religion andlor educatioJk andlor relieve people in need throughout the world. Significant activities Th¢ main activities undertaken are: - The raising of fill]ds from individuals and businesses Identifying and funding projects. When identifying individuals in need, the principles of 'Zakat' are used. ACHIEVEMENT AiYD PERFORMANCE Fundrnising activities During this period, funds were raised by approaching individuals and busin¢sses known to the trustees. Several grants and donations were made. These includ¢d donations to the the Stepping Stone charity and the Jigsaw charity. FllYANCIAL REVIEW Reserves policy We hold £41,593 (2023.. £40,051) all of which are unrestricted fLmds and we are owed £2,747 (2023: £2,122) in gift aid tax r¢funds which are also unrestricted. We aitn to hold £46000 and £50,000 in reserves at the year end, this policy will be reviewed each year. Funds are being accumul&ted in anticipation of helping fmd a hospital construction project. Our main source of funds is individuals and businesses in the United Kingdom. The donations which we have made this year SUPPOrt all three of the key objectives of advancing ISlar advancing education and providing relief for people in need. This was done by making donations to people in need in Pakistan, orphan5 in Kashmir and the homeless in the UK. FtrruRE PLANS We intend to focus on providing relief and help on small construction projects in Pakistan. STRUCTURE, GOVERNANCE AND MANAGEMENT Goverlling document The charity is controlled by its governing docurnent, a deed of trust and constitute5 an unincorporated charity. Trustee selection methods Trnstees are appointed or reappointed every three years. REFERENCE AIYD ADMINJSTRATIVE DETAILS Registered Charity number 1109321 PriD¢ipal address 5 Asthill Croft Coventy CV3 6HL Page I
MINHAS CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Trustees Mr Z Hussain fvfr M R Minhas B.Sc.,C.Eng.)MIEE Mr T Mahrnud Trustee Independent Exllminer R Pau & Co Limited Chartered Certified Accountants 12-16 Station Street East Coventy West Midlands CV6 5FJ Banker5 National Westminster Bank PIC 519 Foleshill Road Coventy West Midlands CV6 SAU Approved by order of the board of trustees on 14th August 2024 and signed on its b¢half by.. Mr Z Hussain - Trnst¢¢ Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MINHAS CHARITABLE TRUST Independent examitter's report to the trustees of Minhas Charitsble Trust I report to the chaTity trustees on my examination of the accounts of Mtnhas Charitable Trust (the Trust) for the year ended 3 1st March 2024. Responsibililies and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance witb the requirements of the Charities Act 2011 Cthe Act'}. I report in respect of Tny examination of the TTUSt's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicabl¢ Directions given by the Charity Commission under Seclion 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confim that no material rnatters 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 Trust as required by Section 130 of the Act; or the accounts do not accord with those records. or th¢ accounts do not comply wilh the applicable requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiren]ent that the accounts give a true and fair view which is not a matter considered &5 part of an independent examination. I have no concerns and have come across no other matters in comiection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. R Pau & CO Limited R Pau & Co Limited Chartered Certified Accountants 12-16 Station Str¢¢t Easl Coventry West Midlands CV6 5FJ 14th August 2024 Page 3
MINHAS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 2024 Unrestricted fund 2023 Totsl fimds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 29,831 30,608 EXPENDITURE ON Raising funds 27,810 17,056 Charitable activities Goverance Cost 600 576 Other 10 Total 28.418 17,642 NET INCOME 1,413 12,966 RECONCILIATION OF FUNDS Total funds brought foard 41,597 28,631 TOTAL FUNDS CARRIED FORWARD 43,010 41,597 The notes forni part of these fmancial statements Pa2e 4
MINHAS CHARITABLE TRUST BALANCE SHEET 31ST MARCH 2024 2024 Unrestricted fund 2023 Total nds Notes CURRENT ASSETS Debtors Cash at bank and in hand 2,747 41,593 2,122 40,051 44,340 42,173 CREDITORS Amounts falling due within on¢ year (1,330) (576) NET CURRENT ASSETS 43,010 41,597 TOTAL ASSETS LESS CURRENT LIABILITIES 43,010 41,597 NET ASSETS 43,010 41,597 FUNDS Unrestricted fiu)ds 43,010 41,597 TOTAL FUNDS 43,010 41,597 The financial statements were approved by th¢ Board of Trustees and authorised for issue on 14th August 2024 and were signed on its behalf by.. Mr Z Hussain - Tste¢ The notes forni part of these financial statements Page 5
MINHAS CHAIUTABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES Basls of preparing the finydncial statements The financial statements of the charity, which is a public ben¢fit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting StAndard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have becn prepared Under the hislorical c05t convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the nds. it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure &s soon as there is a legal or constructive obligation committing the charity io that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. IPThere costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tax2tion The charity is exempt from tax on its charitable activitkes. Fund accounting Unrestricted funds can be used in accoTdan¢¢ with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restrictcd purposes within the objects of the charity. Restrictions arise when specified by the donor or when ndS are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the fmaT]¢ial statements. RAISING FUNDS Raising donations and legaeies 2024 2023 Donations paid 27,810 17,056 Page 6 continued...
MINHAS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 3 1st March 2024 nor for the year ended 31st March 2023. Trustees, expenses There were no ttustees, expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nd INCOME AND ENDOWMENTS FROM Donations and legacies 30,608 EXPENDITURE ON Raising flmds 17,056 Charitable activities Goverance Cost 576 Other io Total 17,642 NET INCOME 12,966 RECONCILIATION OF FUNDS Total fimds brought fonvard 28,631 TOTAL FUNDS CARRIED FORWARD 41,597 DEBTORS: AMOUNTS FALLING DUE WllIN ONE YEAR 2024 2023 Trade Debtor 2,747 2,122 P¢ige 7 continued..-
MINHAS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 ST MARCH 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Other creditors 730 600 576 1,330 576 MOVEMENT IN FUNDS Net movement in fimds At 3113/24 At 114123 Unrestrieted funds General fund 41,597 1,413 43,010 TOTAL FUNDS 41,597 1,413 43,010 Net movement in funds, Tncluded in the above are as follow5: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 29,831 (28,418) 1,413 TOTAL FUIYDS 29,831 (28,418) 1,413 Comparatives for movement in funds Net movement in funds At 3113r23 At 114122 Unrestricted funds G¢neral fund 28,631 12,966 41,597 TOTAL FUNDS 28,631 12,966 41,597 Page 8 continued...
MINHAS CHARITABLE TRUST NOTES TO THE FtNANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024 MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrieted funds General fund 30,608 (17,642) 12,966 TOTAL FUIYDS 30,608 (17,642) 12,966 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 3113124 At 114122 Unrestricted funds General thnd 28,631 14,379 43,010 TOTAL FUNDS 28,631 14,379 43.010 A current year 12 months and prior year 12 months combined net movement in hmds, included in the above are as follows: Incoming resources R¢50urces expended Movement in ndS Unrestrieted funds General fLmd 60,439 (46,060) 14,379 TOTAL FUNDS 60,439 (46,060) 14,379 RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 3 1st March 2024. Page 9
MINHAS CHARITABLE TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 ST MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donalions and legacies Donations received Gift aid 27,085 2.746 28,486 2,122 29,831 30,608 Total ineoming resources 29,831 30,608 EXPENDITURE Raising donalions and legaeies Donations paid 27,810 17,056 Support Costs Finance Bank Charges 10 Governance Costs Accountancy charges 600 576 Total resources expended 28,418 17,642 Net income 1,413 12,966 This page does not forn) part of the statutory financial statements Page 10