H..T. FOUNDATION LTD Company Registration Number: 5342902 (England 2nd Wales) Charity number 11 l(M)77 Report of the Trustees and Unaudited Financial Ststements for the year ended 31 March 2024
CONTENTS OF THE FINANCIAL STATEMEiYrs FOR PERIOD ENDED 31 MARCH 2024 Page Trustees report 14 Independent examiners, report &6 Statement of financial activities Balance sheet &9 Notes to the financial statements i(kii
CHARITY INFORMATION FOR PERIOD ENDED 31 MARCH 2024 BOARD OF TRUSTEES: Mr l Arif (Appointed 1410112024) Mr R Khan Mr A Zakria Mr U M Shariff Miss R M Smith COMPANY SECRETARY Mr U Shariff REGISTERED OFFICE: 36 King George Close Sunbury on Thames Middlesex TW16 7NW COMPANY REGISTERED NUMBER: .5342902 REGISTERED CHARITY NUMBER: 1110077 BANKERS: HSBC Bank PIC 127 High Street Hounslow TW3 IQP INDEPEIYDENT EXAMINER Syon Associates Business & Tax Advisers 6 Portland Business Centre Datchet Berkshire SL3 9EG
Page I Report of the trustees for the year ended 31 March 2024 The trustees present their report and the financial ststements for the year ended 31" March 2024 References and administrative ftnforniation The H.E.A.T Foundation Ltd is a Charitable Incorporated Organisation registered with Charity Commission under number 1110077. The restered office of H.E.A.T Foundation is at 36. King George Clos¢, Sunbury on Thames. TWI 6 7NW. Structureg governance and mydnydgement Governing Document The H.E.A.T Foundation Ltd is a Cl)aritable Incorporated Organisation incorporated in UK and registered as a charity. The charitable organisation was established under the constitution which established the objects. powers. rules & regulations of the Charitable Incorporated Organisation. Board of Trustees The trustees rneet every three month and as and when required to mak¢ d¢cisions concerning the running of the charity. Th¢ board is r¢sponsible for safeguarding the assets of charity including taking all reasonable steps for the pr¢v¢ntion and detection of fraud and other irregularities and io provide reasonable assurance that: It is operating efficiently and effectively. Proper records are maintained and financial inforn)ation internally OT for publication are reliable. It complies with relevant laws and r¢gulations. Trustees Remuneration and expenses No member of trustees received any remuneration or expenses during the year. UK running cost of the charity were paid by the tsvstees and shown An account as donations in kind. Recruitment, induction and training of trnstee New trustees will be recruited by: Recommendation from existing Board member or trustees A prospective trustee will be invited to a meeting with existing Board member to discuss suitability for a trustee role. Background to the chatity is given so they fully understand the charity aims and objectives. They are also inforn]ed of the responsibilities of the trustee and are referred to the guidance provided by the Charity Commission, before they are offered the position and if they accept than they are appointed. On appointment to the board a Trustee Declaration fonn is signed
Page 2 A new trustee will be giv¢n acce&s lo the charity governing documenL accounts and financial inforniation. policies and any other inforniation which explains how Claty works. Objectives and activities The object of the Charity is to promot¢ any charitabl¢ purposes for the benefit of the community in Asi4 with projects in India and Pakistan and in particular the advancement of Health. Education and Training for the relief of tx)verty, distress and sickness, and in furtherance of the said purpose to promote and organise co-operation in the achievement of th¢ same and to that end to bring together representatives of the voluntary organisations and statutory authorities within the area. We work with local schools and societies to provide education and training for 550 poor children in four educational centres. Two in India and two in Pakistan. Achievements and perforniance The H.E.A.T. Foundation continue to give financial support as the school convert from Urdu to English Medium under the new name of Vaniyambadi Global School with 150 childr¢n. We are continually phasing oul th¢ original Urdu Medium School. The H.E.A.T. Foundation continue to provide full financial support to Holy Faith School based in Indi with 193 children. The school is now fjnanced through Jesus Loves Welfare and Full Gospel Ministries who hold the FCRA certificate. allowing them to accept overseas donations. The H.E.A.T. Foundation continues to provide financial support by paying fees for the education of 114 children in Spring Public School based in mansCh Pakistan including providing other equipment's such as new generator. Spring Public School is also running a day education Centre nearby for the very poor children providing basic education for 92 working children. The H.E.A.T. Foundation also sets aside a disaster relief fund to help poor surrounthng community during crises, the fund was utilis¢d for food distribution during Coronavirus and during recent Flooding as they had devastating effects in the area by the loss of employment.
Page 3 Financial review The charity total income for the year ended 31" March 2024 was £27.406 (£29,120) which included donation in kind of £287 (£287) This year income has (tropped by 6 % (210/0) due to income not returning back after effect of covid. Reserve Policy The charity has a commitment to build meaningful reserve and will set up appropriate amount for specific projecl as required. The board are aware of the need to build and retain charity's reserves of £IOO.000. and only take on new projects without effecting the base reserve. It has also set aside £4.000 per year as disasters relief fund for use in times of emergency current balance is £13,639. Both reserves are being maintained within th¢ main bank account. however additional bank account with CAF bank have been set up to ensure that no sing]¢ bank balance exceeds the bank guarantee of £85,000. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropnate controls are in place to provide reasonabje assurance against fraud and error. Trustees have a duty to fully cornply with the General Dats Prol¢ction Regulation 2 } rc1679 in May 2018, to ensure that the charity complies with its legal obligations and appropriat¢ly prot¢ths its stakeholders, p¢rsonal inforn]ation and privacy at all levels of operation. ststement of the trustees, responsibilities The trustees are responsible for prepanng the annual report and the financial statement in accordance with applicable law and United Kingdom Generally Accepted Accounting Practie Law applicable to charftties in England and Wales requires the trustees to prepare financial statement for each financial year which gives true and fair view of the chatity's financial activities during the year and of its financial position at the end of the year. In preparing financiat statements giving true and fair view, the trustees are required to.. select suitable accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prudent and prepare the financial statements on the going concern basis unless it is inappropriate to presume thal the charity will continue in operdtion. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial POSAtion of the charity and enable them to ensure that the financial statement comply with the Chan'ties Act 201 l. They are also
Page 4 responsible for safeguarding the &ssets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the special provision of Part 15 of the Company Act 2006 relating to small companies. sI¢d on behalf of the board on 2024 Iq-11-t Mr Adam Zakria Trustee Date
Page 5 Independent examiner's report to the trustees of H.E.A.T Foundation Ltd I report on the accounts of H.E.kT Foundation Ltd for the year ended 31st March 2024, which are set out on pages 7 to I l. This report is made solely to the trustees. &8 a body. in accordance with section 154 of the Charities Act 2011 (the 201 l Act). My work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent perniitted by law. I do not accept or assume responsibility to anyone other than the charity and the charity's trustees. as a body, for my work. for this report. or foi the opinions I hav¢ forn]¢d. Respectlve responsibilities of trustees and examiner The trustees (who are also directors of the company for the purpose of company law) are responsible for the preparation of the accounts. The trustees consider thai an audit is not required for t. s year under section 144(2) of the 201 l Act. and that an independent examination is needed. Having salisficd mys¢lf that the charity is not subject to audit under the company law and is eligible for independent examination. it is my responsibility to: examine the accounts under section 145 of the 20 I l Act: to follow the procedures laid down in the general Directions Ven by the Charity Commission under section 145(5Xb) of the 2011 Act: and to state whether matters have come to my attention. Basis of independent examiner's ststement 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 disclosure in the accounts and seeking explanations from you as trustees concerning any such matters. The procedure undertaken do not provide all the 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 ill the statement below.
Page 6 Independent examiners statement In connection Jvith my examination, no matter has come to my attention: a) which gives me reasonable cause to believe that in any material respect. the requir¢m¢nts: to keep accounting records in accordanLY with section 386 of the Companies Act 2006. and to prepare accounts which accord with the accounting records. comply with the accounting requiremenl of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommend PractiLY: Accounting and Reporting by CharAti¢s. have not been met. or b) which. in my opinion. attention should be drawn to enable a proper understanding of th¢ accounts to be reached. Syon Associales Business & Tax Advisers 6 Portland Business Centre Datchet Berkshire SL3 9EG Date 19 November 2024
Page 7 STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2024 2024 2023 INCOME Noles Donations Investment income Total Income 24,999 28,498 62 29,120 27,407 Expendlture on Charitable actlvltles Direct Expenditure 3&4 Net Income l Expenditure (40.088) Not Movement in Funds (9,771) (40,088) Balance brought forward 163 957 204 045 Balance carrled forward 163 957 The company has no recognised gains or losses.
Page 8 BALANCE SHEET AS AT 31 MARCH 2024 NOTES 2024 2023 Flxed Assets Tangible Assets Current Assets Debtors Cash at bank 9,826 10,397 153 560 163,957 154.186 Credltorn: Amounts falling due within one year Net Current Assets (Llabllltles) 154.186 163,957 Total A88•ts loss currnnt Ilabllltlos 154 186 163957 FUNDS unrestiied Funds Restricted Funds 154,186 163.957 154 186 163957 The notes forn) part of Ihese financial stalements
Page 9 Balance Sheet- continued As at 31•t Marth 2024 The (*arity company was entitled to exemption under section 477 of the Companies Act 2006 for the year ended 31° March 2024. The members have not required the tharitable company to obtain an audit of its financial statement for the year ended 31° March 2024 in accordance with section 476 of the Companies Act 2006 The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting record that comply with sections 376 and 387 of the Company Act 2006: and preparing financial statements which give true and fair of the state of affairs on the charitable cornpany as at the end of each financial year and its surplus or deficit for each financial year in acc£)rdance wilh the requirements of the Company Act 2006 relats'ng finan(xal ststemenis, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Company Acl 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effeGts've January 2015) The financial statements were approved by the Board of Trustees on 2024 and signed on behalf by: Mr Umar Shariff - Trustee t>ate
Page 10 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 MARCH 2024 1. Accounting Pollcies Basls of preparing the Flnancial Statsments The financial statements of the charitable company have been prepared in accordance with the Charity SORP (FRSSE) 'AccA)unting and Reporting by Charities.. Statement of Recommended Practice applicable to tharities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE) (effective 1 January 2015),. Ihe financial statements have been prepared under the historical cost convention, as modified by revaluation of certain assets. Income All income is recognised in the siatement of Financial Aciivities once the charity has entitlement lo the funds and indudes gross Interest and monitory value of donations in kind. Expendlture Liabilities are recognised as expenditure as soon as there Is a legal or constructive obligation committing the tharity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of obligation can be measured reliably. Tangible Assets The charitable company has no fixed assets. Taxatlon The tharity is exempt from corporation tax on its charitable activities. Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the disuBtion of the truslees. Donations in Kind All the UK cost of running the charity in respect of the period has been paid by Umar Shariff and amounted to £287 (£287) and has been shown in the accL)unt as Donations.
Page 11 2. Investment Income 2024 2023 Interest rnceived 2.408 622 3. Charitable Acllvities Costs 2024 2023 Vaniyarnbadi Global Sthool - India Holy Faith School- India Food Distribution - IndialPakistan Mansehra School - Pakistan RBNI Kids with AIDIHIV Sisters of St. Therese Convent School - India 0 11.600 23,042 22,000 0 18,000 9.200 9,650 4,286 36 528 68 397 4. Dlrect Costs of Charltsble Actlvltle8 2024 2023 Insurance Other Expenses 287 363 650 287 523 810 5. Debtors 2024 2023 Other Debtors 9 826 10 397 This is related to the amount of tax on gift aid yet to be claimed. 6. Trustees, Remuneratlon, Benefits and Expenses There was no trustees, remuneration, benefits, or expenses neither for the year ended 31 March 2024 nor for the year ended 31 March 2023.