REGIS'I'ERLD CHARII'Y NUMBER: 1114772
REPORT OF THE TRUSTEES AND
NAUDITED FINANCIAL STATEMENTS
FOR
HEN
NDA
Whitehead & Howarth
327 Clifton Drivc South
Lytham St Annes
Lanca8hire
FY8 IHN

THE
C.ONTENTS OF THE FINANCIAL
TATEME￿s
Page
Report of the Trustees
I to 2
Independent Examiner's Report
Statement of Financial Activities
BAIAnc¢ Sheet
Cash Flow Statement
Notey to the Cash Flow Ststement
No¢¢$ lo th¢ Tr ininciAI S¢a¢¢m¢nt$
8 to 11
DetRiled Statement of Flnanelal Aetlvl¢le$
12

THE NEII'STAR FOUNDATION
REPORT OF THE TRUSTEF.S
for the I'eAr Ended 31 MARCH 2024
The trustees have pleasure in presenting their report and thc accounts of tlie charity for the year ended 31 March 2023.
The trustees have adopled the provisions of the Statement of Re¢oniniended Practice (SORP} "Accounting and
D the annual report and financial statements of the charity.
Reporting by Charities" (FRS 102) in preparin.
The financial statem¢nts have been prepared in accordance with the accounting policies Set out iv not¢ I to th¢ accounts
and ¢vniply with the charity's Tnist Deed. the Charilies Act 201 l and Accoiinting and Rcportin¥ by Charities: Statement
of Recommended Practi¢¢ 41ppli¢able lo charities prcparing th¢ir acrounls in a¢¢ordance with the Financial Reporting
Standard applicable in the UK and Repiiblic of Ireland (effective October 2019).
OBJECI'IVES AIYD AcfiviTIES
Objectives And aims
The charity's objects are to relieve poveity, sickne.ss, hardship and di.%tress to human lifc in ¥eneral in any part of the
world through donations or provision of aid in the fomi ot. medical or food or in sucl) manner as the trustees may
deterniine from time to tiine and to advance and promote education in any parf of the world. The trust has received
donations from individuals and organisations whicli have raised money lo fulfil its aims. During the year, fiinds of
£235,000 have been raised and donations have been made lo needy individuals. This has been in the form of monetary
donations which have been used to biiy essentials and medicine for poverty stricken individuals who have been affecied
by natLiral or manmade disasiers.Grdnt5 urc awardvd to projects following review by the Triistees.
Public benefit
Tlie tru.stees have had due regard to guidance published by the Charity c.ommission with regards to public benefil and
are satisfied that the charity satisfies the requirements.
ACHIEVEMENT AND PERFORMANCE
ChAritsble activities
The charity lias in particular helped orphans and widows in developing countries lo hclp theni lo be looked after in a
dignified manner and for widowy to be selt-sufficicnt by mcans of providing vocational training in order for them trj earn
livclihood.
FINANCIAL RFVIEW
inancial position
Details of tile results for the year can be found on page 5.
FIITURE PLANS
The Irust¢cs will continue to make donations to individuals and projects that meet the ¢ri¢eria in¢lud¢d in the Charity
objects.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is governed by its Trust Deed dated 3 April 2006 (as amended by resolution d&ted 5 April 2013)
ReeTUitment and appointment of new trustee5
There must be at least three trustees. Apart from the first trustees, every trustee must be appointcd for a temi of 5 years
by a re501ulion of the trustees passcd at a special meeting under clause 15 of the deed. In Selecting individuals for
appointment as trustees, the trustees musl have regard to the skills. knowledge and experience needed for the effective
adrninistration ot ihe charity. Trustees are provided witli iiiforniation relating to the charity on appointment.
The trustees must hold al leasl two ordinary meelings each year.
Risk management
The Irusl¢¢s hav¢ r¢vi¢wed the risk5 to which the charity is subject and eslablish¢d procediires to mitigate these risks
REFERENCE AND ADi¥IINISTRATIVE DETAILS
Registered Charity number
1114772
Page I

THE NEWSTAR FOUNDATION
REVORT OF THE TRUSI"EES
for the Year Ended 31 MARCH 2024
Prineipal address
Caxton House
Caxlon Road
Fulwood
Preston
PR2 9ZB
Trustees
l Bargit Chairman
Mrs S Bargit
Reference and administrulive details are shown in the schedule of charity inforniation on page l of the accounts.
Details of trustccs wlio scrved in the year can be found on page l.
Independent Ex4mlner
Whitehead & Howarth
J27 c.lifton Drive South
Lytham St Annes
l.ancashir¢
FY8 IHN
RESERVES
Free reserves are currently £514,832. Th¢ trustees review grant ¢laim$ as appropriate and pay grants each year.
Approved by order of the board of trustees on ..
..?!i.oiJzs.................
and signed on its behalf by:
Mrs S Bargit - I'ruslee
Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
'I"HE NEWSTAR FOIINDATION
Independent examiner's report to the trustees of The Newstar Foundation
I report to the charity trustees on my exainination of the accounts of The Newstar Foundation (tlie Trust) for the year
ended 31 Mar¢h 2024.
Re5ponslbllltle$ Ind basis of report
As the charity trustees ot tl)e Trust you are responsible for the preparation of tlie accounts in accordance wÉlh the
requirements of the Charities Act 2011 ('Ihe Act,).
I report in re5pert of my examination of the Trust's accounts carried out undei. Section 145 of the Act and in carrying oul
my examination I have followed all applicable Directions given by the Charity Commission linder Section 145{5)(b) of
Ihe Act.
Ind¢pendent exAminer'$ $t•tement
I liave completed my examination. I confinn that Jlo niaterial matters have comc to my attentioii 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; OT
the accounts do not accord with those reLordb: ur
the a¢¢ounts do not comply with the applicable requirements concerning the forni and content of accounts set out
in the Charities {AcLounls and Reports) Regiilations 2008 other than any requiremcnt that the accounts give a
trLie and fair view which is not a maller considered as part of an independent examination.
I have no concerns and have come across no other matters in conneclion with the examination to which attention should
be drawn in thi¥ rL'port in order to enable a proper undei'slanding of ihe accounts to be reachcd.
Mark C.roasdale BS¢ fcA
Whi¢ehead & Howarth
327 Clifton Drive South
Lytl)am St Annes
Lancashire
FY8 1 FIN
Date.,
Page 3

THE NEWSTAR FOUNDATION
ATEMENT
for the }'
rEn
F FIN,
' AL A 'TIVITI
IMAR
H 2024
31.3.24
Unrestricted
funds
31.3.23
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2J5.000
340,000
Investment income
151
TotAI
235.151
340,000
EXPbNDII'URE ON
CharltAble getivities
Donation paid out
201,850
2.50,055
LYET INCOME
33,301
89,945
RF,C.ONCILIATION OF FUNDS
Tolal funds brought forward
481,531
391.586
TOTAL bUNDS CARRIED F'ORWARD
514.832
481,531
CONTINUING OPERATIONS
The Statement of Financial Aclivities inclLides all gains and losses in the year and thcrcforc a stAtement of totsl
recognised gains and losses has not been prepared. All of the above amounts relate to continliing activiti¢s. All income
and expendiliire in (he ciirrent and previous year was unrestricted.
Tlie notes form part of tlie5e financial statements
Page 4

THE NEWSTAR FOIINDATION
BALANCE SHEET
31.3.24
Unrestricted
funds
31.3.23
Total
funds
Notes
CURRENT ASSETS
Debtors
c.ash ai bank
2,500
514.157
2,500
480,8.$6
516,657
483.356
CREDITORS
Amounts falling due wiihin one year
{1.825)
(1,825)
NET CURRENT A&SETS
514.832
481.531
TOTAL ASSETS LESS CURRENT
LIABILITIES
514.832
481,531
NET ASSETS
514,832
481.531
Fu￿Ds
Unrestricted funds
514,832
481,531
TOTAL FUNDS
514,832
481.531
The financial statements were approved by the Boai'd of TrLlStees and aLlthorised for issu¢
. J.110!1&.g.............. and were signed on its behalf by:
on
l Bargil - Trustee
The notes forn) part of these financial statements
Page 5

THE NEWSTAR FOIINDATIOY
CASH FLOW STATEMENT
or the Year En
31 MARCH 2024
31.3.24
31.3.23
Notes
Cash flows from operAting *etivities
Cash ¥enerated from operation5
33.150
98.115
Net cash provided by operating activities
33.150
98.115
Cash flows from investing activities
Intercst received
15
Net cash provided by investing aetivities
Ch#n%e in eAsh 4nd cash equivalents in
the reporting period
C*sh and cM¥h equivalents at the
beginning of the reporting period
i3,301
98.115
4SO,856
382,741
Cash And eA$h equtvglent$ at ihe end of
the reporting period
514,157
480,856
The notes forn) part of these financial statements
Page 6

THE NEWSTAR FOUNDATION
I%OTES TO THE CASH FLOW STATFMENT
for the Year Ended 31 MARCH 2024
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERA"I'ING AC.TIVITIES
31.3.24
31.3.23
Nel income for the reporting p¢riod (A8 per the Si*tement of Financial
A¢tivili¢s)
Adjustments for:
Interes1 received
D¢cr¢as¢ in debioTS
Decrease in Creditors
33,301
89.945
{151)
10,000
(1.830)
Net cAsh provided by operations
33.150
98,115
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.23
Cash flow
At 31.3.24
Net ca$h
Cash at bank
480,856
514.157
480,856
33,301
514,157
Debt
l)ebts falling due within l year
(1,825)
(1.825}
(1,825)
(1,825)
'I'ot41
479,031
33,301
512,332
The notes fom) part of these financial statements
Page 7

THE NEWSTAR FOIIIYDATIO.N
NOTES TO THE FINAI%CIAL STATEMELYTS
for the Y¢4r Ended 31 MARCH 2024
ACCOUNTING POLICIES
Basis of preparing the financi81 statements
The financial statements of the charity, which is a public benefit entity under FRS 102. have been prepared in
accordance wilh the Charitie5 SORP (FRS 102) 'Accounting and Rcpurting by Charities.. Statement of
Recommended Practice applicable to charitics prcparin¥ Iheir accounts in a¢¢ordance with th¢ Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 2019)..
Financial Reporting Standaid 102 'The Financial Reporting Standard applicable in the UK and Republi¢ of
Ireland, and the Charities A¢t 2011. The financial statements have been prepared under the histr)rical cost
convention.
,ludgements and key AINumptions
Thcrc are no judgemen¢$ or key assumptions niade in the preparation of accounts.
Income
All inconie is recognised in the Statemenr of Financial Activities once the ¢harity has entitlement to the funds. it
is probable that the income will be received and the amount Can be measured reliably.
Expenditur¢
Liabilities are recognised as expenditu￿ as soon as there is a legal or constructive obligation ¢oinmitting the
charity to that expenditure, it 15 probable tliat a transfer of economic ben¢fits will b¢ required in scltlenienl and
the amount of the obligation can be Ineasured rcliably. Expenditure is accounted for on an aLLruals basis aiid has
been classified under headings that aggregate all cost related lo the ¢al¢gory. Where cost$ cannot be dire¢tly
attributed to particular h¢ading5 thcy have been allocated to activities on a basis consistenl with the use of
resources.
Taxotion
The charity is exempt from tax on it5 charitable aclivilies.
Fund aeeountlng
Unreslri¢t¢d fiinds can be iised in accordance wilh rhe ¢haritable objectivcs at the di$¢retion of the trustees.
Restricled funds ¢an only be used for particular restricted purposes within the objects of the ¢harity. Restrictions
ariy when specified by the donor or wlicn funds are raised for particular restricted purposcs.
Further explanation of the nature and purpose ofeach fund is included in the notes to the finan¢ial slatements.
Going eoneern
The trustees assess whether the use of going concern is appropriate, ie whethei. thei'e are any material
uncertainties related to events or conditions that may cast significant doubt on the ability of thc charitable
company to continue as a going concern. The Iruslees make this &ssessmenl in respect ot. a pcriod of at least one
year from the date of authorisalion for issue of ihe accounts and have concliided ihat the charity has udequate
resources to continue in oper&tional existencc for the foreseeable future and there are no matcrial uncertainties
about tlie charity's ability lo continue a5 a going concerii. There are no signifi¢inl areas of adjustments or key
assumptions in the preparation of the accounts.
Page 8
Continued...

THE NEWSTAR FOUNDATION
NOTES TO THE FINA￿'CIAL sTATE1￿lENTs - continued
the l'ear Ended 31 MARCH 2024
INVESTMETrIT INCOME
31.3.24
31.3.23
Deposit account interest
TRUSTEES, RE￿luNERATIoN AND BETr4EFITS
There were no trLlStees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended
) l March 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
COMPARATIVES FOR TIIE STATEMENT OF FINANCIAL A￿1vITIEs
Unrc5tri¢ted
fiiiids
IIYCOME AND ENDOWMENTS FROM
Donations and legacies
340,000
EXPENDITURE ON
C"h4ril#ble #¢¢ivi¢ie¥
Donaiion paid out
250,055
NET INCOME
89,945
RECONCILIAI'ION OTr Tr'UNDS
Total funds brought forward
391,586
TOTAL FUNDS CARRIED FORWARD
481,531
DEBTORS: Amol￿s FALLING DUE WITHIN ONE YEAR
31.324
31.3.23
Other debtors
2,500
2,500
Page 9
continued...

THE NEW'STAR FOUNDATION
NOTES TO THE FINANCIAL STATEMEIYTS - continu
for the l'ear Ended 31 MARCH 2024
CREDITORS: AMOUNTS FALLING DUE WITHIIY ONE YEAR
31.3.24
3 1.3.23
Otlier creditors
,825
1,825
LOANS
An analysis of ihe maturity of loans is given below..
31.3.24
31.3.23
Amounts fallintr due wiihin one year on demand:
Other loans
1,825
1,825
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestrlcted funds
General fijnd
481,531
33.301
514,832
TOTAL FUNDS
481,531
33.301
514,8.32
Net movement in fLinds. in¢liided in the above are as follows:
Inioming
resour¢¢$
Resour¢¢s
expcnded
Movem¢nl
in fijnds
lJnrestrleted funds
Gcncral fund
235.151
{201,850)
33,301
TOTAL FUNDS
235.151
(201.850}
33.301
Comparatives for movemenl in funds
Nel
movement
in funds
At
31.3.23
At 1.4.22
Unrestricted funds
General fund
J91,586
89,945
481.531
TOTAL FUNDS
391.586
89,945
481,531
Page 10
continued...

THE NEWSTAR FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS-
for th
inued
arEn
I MAR "H 2024
MOVEMENT IN FUNDS- continued
Coniparalive net moveinent in funds, included in the above are a5 follows-
Incoming
resouTce5
Resources
expended
Movcment
in funds
Ilnre8tricted fund5
General fund
340.000
(250,055)
89,945
TOI'AL FUNDS
340,000
(250,055)
89.945
A current year 12 months and prior year 12 nionths coinbincd p051tion is as follows..
Nel
movement
in funds
At
31..3.24
At 1.4.22
Unre5tric¢ed fund$
General fund
391,586
123,246
514.832
TOTAL Fu￿Ds
391,586
123,246
514.832
A ciiritnl year 12 month5 and prior year 12 months Combined net movement in funds, included in the above arc
as follows:
Incoming
resourcc5
Resources
expended
Movement
in funds
Unrestricted fund¥
General ￿lld
575,151
(451.905)
123,246
TOTAL FUNDS
575,151
(451.905)
123,246
RELATED PARTY DISCLOSURES
Sazeda Bargit is considered to be a related party as they are a trustee of the charity. Imran Bargit is considered to
be a related party as he is tlie husband of Sazeda Bargit.
During tlie ycar, the Lharily received donalion$ of £20.000 {2023.' £Nil) from Nova Apparel Limited, a company
in which Iniran Bargil has Control. Addiiionally, Imran & Sazeda Bargil niade charitable donations of £50.000
(2023: £45,000) to the Foundation. At the year end £1.825 (2023: £1.825} was owed ta Iniran Bargil relating to
expenses incurred on behalf of the Charity. No remuneration or reimbursement5 for expcnses were paid to the
tNst¢es in Ihe year.
Pagell

THE NEWSTAR FOUNDATION
DETAILED STATETrIENT OF FINANCIAL ACTIVITIES
24
31.3.24
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
175,000
60,000
295,000
45.000
235,000
J40.000
Inw¢$tmen¢ in¢ome
Deposit accounl interest
151
Total ineoming resources
235,151
340,000
EXPENDITURE
Charitable activitlC5
Donations paid out
201,190
250.685
Support costs
Covernance costs
Ac¥ounlancy and leg41 fees
660
(630)
Total resour¢¢s ¢xp¢nd¢d
201,850
250.05.S
Net income
89,945
This page does not forni part of the statutory financial statements
Page 12