Charity Registration No: 1116845
AY AND Y PATEL CHARITABLE TRUST Financial Statement & Trustees Reports Year End 31st December 2023
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A Y AND Y Patel Charitable Trust
Trurstees & Administrative Details
Charity Registration No: 1116845 Registered office and address: 138 Savile Road Dewsbury West Yorkshire WF12 9LR Trustees: Yakub Yusuf Patel Chair Person Ahmed Yusuf Patel Yunus Yusuf Patel Mohammed Hanif Pate Ashif Ahmed Patel Bank Detail: Lloyds Bank 20 Market Place Dewsbury West Yorkshire WF13 1DF Independent Examiner Accoutant: Noormohammed Akuji 114 Leeshall Road Dewsbury WF12 0RW
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Trustees Details
A Y Y PATEL CHARITABLE TRUST CHARITY NO: 1116845 FINANCIAL STATEMENT AS OF 31/12/2022
| INCOME Description Opening Balance - 01/01/2023 A Y & Y PATEL TRAFERS - 07/03/2023 A Y & Y PATEL TRAFERS - 17/03/2023 A Y & Y PATEL TRAFERS - 27/03/2023 A Y & Y PATEL TRAFERS - 14/11/2023 BROOKFIELD RETAILS OPEN HORIZON LTD NOWELL FORECOURTS LTD PARADISE PRIMERY TRUST CHAPPLE PRODUCTS TRUST YMI GROUP - YUSUF ZAKAT BACS RECALL - WRONG ACCOUNTS DETAILS Total INCOME for Yend 2023 EXPENDITURE UK CHARITY PAYMENTS INDIA DISASTERIES CHARITY PAYMENTS SAUDI ARABIA POOR CHARITY PAYMENTS MACMILLAN CANCER CHARITY BANK SERVICE CHARGE MEND CHARITY PAYEMENT UMMAH WELFARE TRUST DISASTEREOUS CAUSE Total EXPENDITURE Yend 2023 Carry Forward Balance as of 31/12/2023 |
YE2023 Amount 58,008.64 50,000.00 50,000.00 50,000.00 60,000.00 1,000.00 500.00 7,750.00 1,500.00 250.00 279,008.64 245,140.58 16,020.00 - 96.00 121.97 - - 261,378.55 17,630.09 |
YE2022 Amount 78,479.81 100,000.00 50,000.00 - - 1,000.00 1,000.00 2,200.00 11,675.00 525.19 |
|---|---|---|
| 244,880.00 | ||
| 116,707.48 37,329.30 - 96.00 138.58 600.00 32,000.00 |
||
| 186,871.36 | ||
| 58,008.64 |
Income Statement
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AY and Y Patel Charitable Trust Charity No: 1116845 Expenditure Countywise Payment Reports
| Country Name India United Kingdon Totals Year End Dec-2022 |
Amount Paid 16,020.00 245,140.58 |
|---|---|
| 261,160.58 |
Countywise Payment
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A Y & Y Patel Charitable Trust
Statement of responsibilities of the trustees
The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial
Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Objectives and activities
Achievements and performance
Financial review
The A Y AND Y Patel Charitable Trust held £ at the end of the reporting period
The A Y AND Y Patel Charitable Trust does not hold reserves beyond required funds to keep the Foundation operational and pursue its charitable objectives.
It is possible that the Future of Humanity Institute may not be able to engage with theA Y AND Y Patel Charitable Trust in the future, though this is still uncertain. The trustees will keep this under review and may consider scaling down the A Y AND Y Patel Charitable Trust’s operations in the future, if this becomes appropriate. supporting projects which address human civilisation’s long-term prospects for survival and flourishing.
The A Y AND Y Patel Charitable Trust commenced active operations during this reporting period, in June 2021. Much of the A Y AND Y Patel Charitable Trust’s activity in the first few months of operation involved setting up appropriate systems in order to support its future work, and initial activities such as opening its bank account and holding initial trustee meetings. During this period, the trustees worked to support the Future of Humanity Institute in its work as much as it was able to do so, and also worked to explore and support other charitable projects which could address human civilisation’s long-term prospects for survival and flourishing. This mainly involved facilitating discussions and research into potential projects which could achieve the Foundation’s charitable purposes.
The A Y AND Y Patel Charitable Trust’s financial position remains strong at end of Year 2023.
AY&Y Company made charity Funds £210,000 during the reporting period Of 2023 those funds have well spent around £261,378.55 mostly on back-end to spent on Humaniterian couses in UK's disastorus charities & India.
The A Y AND Y Patel Charitable Trust commenced operations and set up the necessary systems to support its future charitable activities. It carried out detailed planning activities in order to consider how it might best support the Future of Humanity Institute in the future, with the aim of supporting the Future of Humanity Institute in conducting its research on identifying and mitigating potential existential risks to humanity. The A Y AND Y Patel Charitable Trust also provided support to two other charitable projects, which aimed to consider alternative ways to address human civilisation’s long-term prospects for survival and
flourishing, including supporting those projects in considering the best way to structure their activities for charitable purposes.
____ Yakub Yusuf Patel Trustee A Y AND Y Patel Charitable Trust
Trustee's Reports
Trustee's Reports
Independent Auditor Reports.
I report to the charity trustees on my examination of the accounts of A Y AND Y Charitable Trust for the year ended 31 December 2023 set out on pages 4.
A Y AND Y Charitable Trust Independent examiner's report to the trustees of A Y AND Y Charitable Trust ("the Company") As the charity’s trustees of the Company, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
I confirm that no material matters have come to my attention which gives me cause to believe that: * Accounting records were not kept in accordance with section 386 of the Companies Act 2006; or * The accounts do not accord with such records; or * The accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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; or *The accounts have not been prepared in accordance with the Charities SORP (FRS102). 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.
Having satisfied myself that the accounts of the A Y AND Y Patel Charitable Trust are not required to be audited under the part 16 of the 2006 act. Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act. The company’s gross income not exceeded £250,000 and I am qualified to undertake the examination. I have completed my examination. There for 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 undertanding of the accounts to be reached.
_____ Noormohammed Akuji Independent Accountant & Auditor 114 Leeshall Road Dewsbury WF12 0RW Date: 15/10/2023
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Examiner Reports