DocuSign Envelope ID: 93AC0387-04E7-41B5-84B7-7DA9290EC46B
Charity No. 1113301
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PAKTRUST.ORG
Annual Report and Financial Statements
Year ended: 31 December 2022
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DUA GOVERNANCE
Chartered Accountants and Business Advisors Bradford Court 123-131 Bradford Street Digbeth, Birmingham B12 0NS
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DocuSign Envelope ID: 93AC0387-04E7-41B5-84B7-7DA9290EC46B
Contents Page 3 Legal and administrative information 4 Report of the Trustees 8 Independent Examiner Report 9 Receipts and Payments 10 Statement of Assets and Liabilities 11 Notes forming part of the financial statements
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DocuSign Envelope ID: 93AC0387-04E7-41B5-84B7-7DA9290EC46B
Legal and Administrative Information
Charity number 1113301 Registered address MR SAJID M RAMZAN 6 THE DRIVE LONDON E18 2BL Mr Ghulam Hussain Trustees Mr Rashid Ali Mr Mohammed Ilyas Mr Sajid Mohammed Ramzan NatWest Bankers address Walthamstow Central 204 High Street London E17 7LL
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Report of the Trustees for the year ended 31 December 2022
PAKTRUST.ORG
The Trustees present their annual report and accounts for the year ended 31 December 2022.
The accounts have been prepared in accordance with the receipts and payments basis in accordance with the Charity Commission guidance.
Structure, governance and management
The charity is an unincorporated charity, formed under a trust deed dated 9 October 2005. The charity registered with the Charities Commission on the 15 March 2006.
Trustees are legally responsible for the governance and management of the charity. The Trust has 4 Trustees appointed for life.
Trustees are responsible of setting strategies and policies for ensuring these are implemented.
Risk management
The charity's trustees have considered the major risks to which the charity is exposed and have reviewed potential risks. Systems and procedures have been put in place to manage the risks and to mitigate any adverse outcomes.
Objectives and Activities
To relieve poverty, distress and suffering in Pakistan & Kashmir, or for Pakistan & Kashmiri Nationals in any part of the world, (including starvation, sickness or any physical disability or affliction) and primarily when arising from any public calamity (incl. Famine, earthquake, war or civil disturbance).
Our activities provide relief through the provision of food, healing, clothing, sanitation, shelter, training, and education, social, economic and financial support by making grants or providing services or facilities.
Achievements and Performance
In 2022, there was a busy year of charitable activities for PakTrust, with notable accomplishments:
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PakTrust successfully raised funds for the Kashmir International Relief Fund (KIRF) hospital, facilitating significant improvements to the Gynaecology Operations theatre. These enhancements have greatly improved neonatal and paediatric care, ultimately ensuring safer and more effective deliveries.
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PakTrust embarked on its most substantial endeavour to date, partnering with POBTrust to perform 1,000 cataract eye surgeries within a single year. Remarkable progress was achieved by the end of December 2022, instilling high hopes of meeting the ambitious target.
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Pakistan was once again struck by floods, affecting millions of people and claiming thousands of lives from mid-June 2022 to November 18, 2022. PakTrust raised funds and distributed them through its long-standing disaster relief partner, Minhaj Welfare.
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PakTrust funded the procurement of an additional Kidney Haemodialysis machine for the KIRF Dialysis Centre in Jatlan, Mirpur. Furthermore, PakTrust financed 2,300 Dialysis sessions, representing the most significant single cost in 2022.
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PakTrust actively participated in the annual Qurbani sacrifice and the distribution of meat to impoverished families.
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The annual support continued for the Azad Kashmir Association for Blind (AKAB) school children.
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While PakTrust had primarily focused on projects within Pakistan since its inception, with limited attention to the welfare of Pakistani and Kashmiri communities in the UK, the postCOVID-19 era brought recognition of the significant challenges faced by the elderly in these communities. Similar to many other communities, they suffered from isolation and the aftermath of the pandemic. In response, PakTrust introduced the WiseAgers programme. This initiative established a weekly day centre in Walthamstow (initial 6-week pilot was twice weekly), East London, with support from the Waltham Forest Islamic Association (WFIA), where elders could come together in a social setting. Here, they engage in conversations about cherished memories, participate in exercises, enjoy games, share tea and biscuits, and even go on daytrips. The primary objective is to enhance their physical, social, and mental well-being. This project has received tremendous appreciation and support within the community.
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Notably, trustees generously donated a significant amount of their personal time, totalling 1,144 hours, which is estimated as a donation equivalent to £27,360. In addition, PakTrust benefited from the use of a hall for its WiseAgers elderly centre free of charge, with a value of £3,200. Therefore, there was a total of £30,560 worth of donated time and use of the hall.
Charitable Donations - Donated Free of Charge to PakTrust
| Name | Purpose | Days | Hours | Hourly Rate |
Amount |
|---|---|---|---|---|---|
| Sajid Ramzan | Management/Admin/Book keeping |
60 | 480 | 30 | £14,400 |
| Sajid Ramzan | Advertising/Media Design | 7 | 56 | 25 | £1,400 |
| Sajid Ramzan | 6 months WiseAgers DayCentre | 43 | 344 | 20 | £6,880 |
| Faiza Ramzan | 6 months WiseAgers DayCentre | 15 | 120 | 15 | £1,800 |
| 3 Trustees | 12 Months Meetings | 18 | 144 | 20 | £2,880 |
| Sub-Total | 143 | 1144 | 110 | £27,360 | |
| WFIA Hall Usage |
WiseAgers 1/2 day a week | 32 | 128 | 25 | £3,200 |
| Totals | £30,560 |
Public Benefit Statement
The section of this report below entitled ‘Objectives and activities’ sets out the objects and aims of the charity. The trustees have considered this, in conjunction with the guidance contained in the Charity
Commission’s general guidance on public benefit, and have concluded that:
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the aims of the charity continue to be charitable;
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the work done by the charity gives identifiable benefits to the charitable sector and both directly and
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indirectly to individuals in need;
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the benefits are for the public; not unreasonably restricted in any way;
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there is no detriment or harm arising from the aims or activities.
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Financial Review
During the financial period of 2022, the Trust received total income of £64.7k (2021: £156k). After incurring payments of £102.5k (2021: £78.2k). The carried forward cash fund balance is £72.7k (2021: £110.5k).
Reserves Policy
The trustees believe that the charity has sufficient cash in the bank and adequate fund raising plans in place to ensure the charity is able to meet its costs.
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Trustees' responsibilities statement
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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 irregularities
30 October 2023
This report was approved by the trustees on…………………….and signed on their behalf by:
…………………………………….
Mr Sajid Mohammed Ramzan
Trustee
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Independent Examiner's Report to the trustees of PAKTRUST.ORG
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 8 to 10.
Respective responsibilities of trustees and examiner
As the charity’s trustees of PAKTRUST.ORG 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 PAKTRUST.ORG's accounts carried out under section 145 of the 2011 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:
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accounting records were not kept in respect of PAKTRUST.ORG as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting 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.
DUA GOVERNANCE …………………………. Chartered Accountants and Business Advisors Nasir Rafiq BA FCA Bradford Court 30 October 2023 123-131 Bradford Street Digbeth, Birmingham Date ...................... B12 0NS
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Receipts and Payments Accounts
From 1 January 2022 to 31 December 2022
| Receipts Donation Sub total Assets and Investment sales Total receipts Payments Welfare & Disaster Relief Medical Projects Educational Grants Other Costs Subtotal Assets and Investment purchases Total payments Net of receipts/(payments) Transfers between funds Cash funds last year end Cash funds this year end |
Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 0 64,660 64,660 156,000 |
|---|---|
| 0 64,660 64,660 156,000 0 0 0 0 |
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| 0 64,660 64,660 156,000 |
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| 0 15,275 15,275 1,271 0 85,294 85,294 71,889 0 1,000 1,000 2,500 908 908 2,499 |
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| 908 101,568 102,476 78,158 0 0 0 0 |
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| 908 101,568 102,476 78,158 |
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| -908 -36,908 -37,816 77,841 |
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| 0 0 16,564 93,922 110,486 32,644 |
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| 15,656 57,014 72,670 110,486 |
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DocuSign Envelope ID: 93AC0387-04E7-41B5-84B7-7DA9290EC46B
PAKTRUST.ORG
Statement of Assets and Liabilities As at 31 December 2022
| Cash Funds Cash at Bank Cash held in hand Total Cash funds Investment Assets Assets retained for the charity’s own use Total Liabilities |
Unrestricted Funds £ 15,656 0 15,656 0 0 0 15,656 0 |
Restricted Funds £ 57,014 0 57,014 0 0 0 57,014 0 |
Total 2022 £ 72,670 0 72,670 0 0 0 72,670 0 |
Total 2021 £ 110,486 0 |
|---|---|---|---|---|
| 110,486 | ||||
| 0 | ||||
| 0 | ||||
| 0 | ||||
| 110,486 | ||||
| 0 |
30 October 2023
Approved by the Board on ………………………………. And signed on its behalf by:
…………………………………….
Mr Sajid Mohammed Ramzan
Trustee
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DocuSign Envelope ID: 93AC0387-04E7-41B5-84B7-7DA9290EC46B
PAKTRUST.ORG (Reg. 1113301)
Notes forming part of the financial statements for the year ended 31 December 2022
1. Accounting policies
- (a) Basis of preparation
The accounts have been prepared in accordance with the receipts and payments basis in accordance with the Charity Commission guidance.
(b) Charity status
PAKTRUST.ORG was established under a trust deed and is a registered with the Charity Commission under the reference of 1113301. The Trustees are appointed and function in accordance with the deed.
(c) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
(d) Receipts
All incoming resources are included in the Receipt & payment Accounts when the charity actually receives legally entitled income.
(e) Payments
All expenditure is accounted for on payments basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
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