REGISTERED CHARITY NUMBEIL. 1118941 rt f th Tru8tees and UnAudlted FlnA ¢121 Stat me ar for THE A123 Ahmed & Co 284 Station Road Harrow Middlesex HAI 2EA
THE AI ST Contents of the Financial Statements for the Year Ended 31 March 2024 P4g¢ Report of the Trustees Independent Ex&miner'8 Report Statement of Flnanel&l Actlvltles Balance Sheet Notes to the Financlal Statements 9 to 14 Detalled Statement of Fln*nclal Aetlvltles 15
THE A123 TRUST orto the Trust for the Year Ended 31 March 2024 The ttreS present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted th¢ provisions of Accounting and Reporting by Charities: Statement of Recommendd Prnctice 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). ORIECTtVES AND ACTIVITIES Objectives, Aims and Strategles Our Alm Thc objccty of the charity are sel out in the charity's trust deed are SuMnSed as follow$: The main purpose of the Charity Is to support education in the UK and ov¢rscas, specifically in Kenya. Further funds raised for the Charity will be used for the relief of financial hardship. 5WStainable dcv¢lopmenL feedins programmes and health care among people living or working principally, but not exclusively, in the geographical area of Africa and Asia by providin8 such persons with 8oodslservices which they could not otherwise afford through lack of means. To donate funds to urganisations which advance education by providing and assi8tin8 in the provision of facilities for education in Africa and Asia. To promote any other charitable purp08e in furtherance of the obj¢cts a8 ihe trus*es from time to time del¢rn)ine. Our Vlslon To becotne the UK'S leading Educational TNst to promote education both in th¢ UK and abroad. Our Mlsslon To meel the needs of the community by providing and estsblishing a high quality educational instittites and developing services to meet the social. physical and intellectual needs of all ages and backgrounds, working in partnership with local public. private and third sector organisations. To eslabltsh and support sustatnable development projects. To provide healthcare and relief of hardship through feeding programmes. Our ObJe¢tlv¢g To establtsh an efficient and cffective governance structure with clear policic8 and proeedures. To maintain and stren8then our partncrships Wlth local and national organi5ations to advance and furth¢r the aims of the charity. To effectively manage the operalions and expenditure of The A123 Trust with clarity and transparency. Strote8ley We want to make The A123 TNst a major source of funding educational establishments whcrcvcr thes¢ may be required, specifically in Kenya. Our key strategy during the year was to rnaximise income from our existing investment property and acquire osher such assets which would generate an on-going income for the Trust in the future. We Are also considering appointlng a dedicated fundraiser to enable The A123 Trust to establish and support more significant educational projects. An important part of our strategy is community welfare and educ8tion for all projects that we support. Page I
A123 TRUST ort of the Trustee for the Ye4r Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Charitable Actlvities In th¢ fiscal year 2023 -2024, the charity focussed and consolidated on its flve core ledvltleg as follows: l. Generydl Feedlng and Romadhgn Food Dlgtrlbutlon ¥nd Feeding 2. Educatlon 3. Infras¢ru¢ture capacity 4. Trgmily Support . Health l. General Feedlng And Ramadhan Food Dlstrlbutlon and Feedlng The Feeding Centr¢ ¢stablish¢d in Njiru in 2016 continu¢s to be used to feed hundreds of adults and children and io support and facililatc local events throughout ihe year. The buying of local produce also helps th¢ subsistence farn)¢rs in the area #nd provides employment in this largely poor rural area. The centre has also been used as a 'food bank, to distribute cooking oils. vegetables, and meat to poor local families in the festive seasons r¢gardless of religious or racial denominations. R&mdhan this year saw food distribution across flve eountriel. Kenya - eirca five hundred monthly food packs same as 2023. consisting of 8kg Flour, two litres Oil. 2kg Sugar. I kg Salt, 0.5k8 of dates. 4 kg Rice. two pockets of ieabags and som¢ local v¢g¢tables. This was all distributed to the local poor families in Njiru Mosque (150), Mapotcni (150). Choka (80), Mwiki (80), Daweti Islami (50) and nearby localities Also provided light meals for fast opening throughout the 30 days to approximately fifty people in the local Njiru mosque The Trust has also continued t>UPPOrtinB monthly fceding in Kawangware. a Nairobi Slum area in parlnership with Cjreen Africa (local NGO operating in Kenya) Home GreLn Afri¥a Global Foundation . Th¢ Trust contribulci> goal meui f()r thL mcals that are COL)ked locally on site. It alsu Lontinucs to make smdll iontributions to other cbaritics (Pangani Childrenb centre and Daweti Itlami) Saudl Ar4bla - 30 days fast openin8 for Circa sixty people sponsored in Ma$Jld-e-Nabwl in Medlna, Eypt- one hundred food distribution packs distributed to needy families in Cairo PakSst*n - Food Distribution and Catering for circa 150 children ngl•desh Money donated to local UK Women's organi88tion who support Ramadan food distribution in Bangladesh Other fccding activities of the Tru8t included the following (continuing on from129t year):. (8) Distributed meat to over 100 nccdy families during the festival of Eid ul Adha. (b) Hot>t and lund thc Eid ul Milud funLtiun during the festive days over sixty fnilieS all¢ndcd. (d) Donated for Ramadan food distribulion in Yemcll 2. Lducitlon The A123 Trust wntinue5 to sponsor direct education projects being by various UK and international charities and welfare associations. The trust has also directly sponsored school fees in some casc5. continuing on a case-by-case basis. This year. we continued to sponsor the two boys in Eldoret Boarding School, University fees in Karachi, the Siraj foundation for the education of Blind Girls in Turkey. This year, the tnjst collaborated with Green AfrleA Home - Green Afrlca Glob¥l Foundailon, to Tevisit the syllabus and teachers. We have implemented the following cIAs5es. l. Teaching English to Afghan Refugecs of all agcs 2. Teaching English to Junior Children aged 5 8 3. Teaching English to Middlc Childr¢n from Daweti Islami aged 7 - 12 4. Teaching IT to older children from Daweti Islami aged 12- 17 5. Tc3rbins IT to Middle Children a8ed 7-12 Page 2
THE A12 TRUST ort of Ihe Tru for the Yer EDded 31 March 2024 The sy118bus remains &8 set up 1&8t year and consists of thIng Internet NAvl£tlon, BA51c Adv4nted MS Word, ExceL and Power Poinl. Each class housed between 12-15 pupils, all from thc local arw who had achieved secondary ll¢atIOn and were looking to augment their IT skills to secure and enhance their job opportunities. 2 Hlk Vlslon Camergs had to be replaced followin8 their theft last year. Security has been strengthened following these thefts. The Trust continu¢s to employ three local full-lime employ¢cs and one part time, to Sthff the feeding ceDtre mdintcnancc and clcaning and also for srfurity of th¢ Orphan ¢hildr¢n housed locally. In addition to the Camera's the Trnst has paid for and maintains five dogs for security of the equipment and children. The Trust has agreed to fund three teachers for English and IT provisioned by Green Afric& 3. InfrA5tructure Cwp4cIty Consolidating on the progress made in Njiru in 2023, In 2024. the trust fLmdeAI the addition of Other stone-built Llassroom. together with the required classroom furniture and teaching resources. This was to enable smaller class sizes and to split out the younger children from the older children. The trust funded the repairs of a local road serving the Njiru mosque and educaiionavfeeding Centre, an essential for th¢ local wpulaiion and Lhildrcn, 4. Famlly Help The Trust has received request from and helped individual family units after due ¢x8mination of the Circumstances and eliBibility with ihe Aims and objectives of the Trust. The recipients this year were a local family in Njiru (food rations, college fees. and transport). Egypt (family feeding support). Pakistan (FOO Medical, Rent, Clothing) family support for a girl who ¥ufTers frL7m menial illness. S. Health The Trust conttnues to support. l. Great Ormond Street Children's Hospital 2. Multiple Eye Surgery Operations for local family man in Njiru at the Aga Khan hospitsl in Nairobi Fundralllng actlvltles Fundr&ising at present is prinwily from the donations by the current donors until Such time that the tNst can afford lo Appoint a full time administration and fund raising manager in place. FUTURE PLANS The Trust's fo¢u8 for next year will b¢ on the following,. EducAtlon Continue to consolidatc th¢ educational pro8fdmme and infrastructur¢ in Njlru. Introduce ass¢ssm¢nts and ccrtification where possibl¢ working with lo¢al parniers. Continue lo support school and college fees for pupils and families in need. The trust intends is to continue with the current scope ofwork, until such lime as arrangements C8n be made with Dgwet-e-lslaml to build a Ioc81 school which offers Islamic and secular subjects to a widc range of students. Feedlng Centre Continue to sustain the f¢edin8 programme. Continue with the local food bank distribution. Chlldren's Home (Njlru) Provide educational resources to support the schooling. Health Continue to pay medical bills for deserving local familie5. Assist with hIthcare provision and teaching in Njiru. Pag¢ 3
THE A123 TRUST ort of th¢ Truste for the Yegr Ended 31 March 2024 STRUCTURE. GOVERNANCE MD MANAGEMENT Governlng documen¢ The A123 Trust is constituted a charitable trust registered with the Charity Commission on 25 April 2(K>7 under charity number 1118941. The charity is controlled by its governing document, a deed of trust created on 10 February 2007. and constitutes an unincorporated charity. Recruitment and appolntment of new Irnstees The Trusl D¢¢d govems thL' appointtncnt of the trustees. The board of trustees is authorised to appoint new tSteeS to fill in vacancies arising through reSIatiOn or death of an existing trustee. OryanlsationAI Strueture The charity Iruste¢s are r¢skX)nsibl¢ for thc g¢n¢rnl control and management of the charity. The tnjstees give their time freely and receivc no remuneration or oth¢r financial benefits. The trust¢¢s meet together on a monthly basis to discuss and rcvtew and make decisions in relation to the running of The A123 Trust and other tiVitieS provided by the charity. To &ssist the Smooth running of the charity. the trust¢¢s have set UP A number of sub committees. such as fund raisinB. education. whool building projec¢ financial managernent committees. The Sub committees report back to the full meeting of the truste¢$ for infomation and approval os required. Inductlon and trainlng of new tru8tees Following app)intment. new trustees are introduced to their new role and given copies of the trust deed a Code of Conduct and a guide lo the policies and procedur¢s adopt¢d by the charity. A number of publications from the Charity Commission are also provided includinB thc guidance on charities and public bcncfit in ordcr to lo familiarise Ihe new trustees about the Trust's activities thai deliver the public ben¢fil. This ensur¢s that n¥w Irustees &re aware of the scope of their responsibilities under the Charities Act. Initially, new trustees work with an exisiing trustee assisting on particular aclivili¢s and projeL'lb' by the charity. AftLr 4uti%f8clory feedback from cxisting trust¢es. they arL' then giv& th¢ t&sk vf Iing a particular activity or proj¢ct, reporting pr()¥rcss ttt tru5tees' mcclinbts. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 1118941 Prlncipal address 153 Norval Road North Wembley Middlesex HAO 3SX Trustee$ Mr Shamas D¢¢n Awan Mr Shafkel Dccn Awan Mr5 Halima Bh8tt1 Mr Raiyan Awan Ms Azra Awan Independent Examlner Tofail Ahmed M.Com, FCA , CTA Ahmed & Co 284 Station Road Harrow Middlesex HAI 2EA Page 4
EA12 TRUS ort of the Tru for th¢ Year Ended 31 March 2024 Approved by order of the board of trustees on 30 January 2025 and signed on its behalf by: Mr Shalket Deen Awan- Trustee Pa¥¥ 5
end t Examlner's Re ort to the Trn THE A123 TR ST esof Independent ex*mlner's report to tbe trustees of THE A123 TRUST I report to the chartty trustees on my examination of the account5 of THE A123 TRUST (the Tn1) for the year ended 31 March 2024. Respon$lbllltles and basls of report As the cliarity trustce8 nf thc Trust you are reqponsible for the preparation of the accounts in aonIanC¢ with the requirements ofthe Chariti¢s Act 2011 ('the ACV). I report in respect of my examination of th¢ Trust'5 accounts Carried out under Section 145 of the Act and in carryin8 oui my examinalion I have follow all applicablc Dir¢ctions 8iven by the Charity Commission under Section 145(5)(b) of the ALI. Independent examiner's statement I have completcd my examination. I confirm that no material matters have come to my attention in connection with the ex8min8tion giving me cause to believe that in any mat¢rial r¢sp¢ct: accounting r¢cords w¢re not kcpi in respect of the Trust os required by Section 130 of the Act: or the accounts do not accord with those records. or the ac¢ounts do not comply with the applicable requirements concerning the forni and conteni of accounts set out in the Charities IAccounts and Reports) Regulattons 2008 oiher 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 hav¢ no concerns and hav¢ Come ncross no other matters in Connection with the examination to which attention should be drawn in this report in order to enable a proper underslanding of the accounts to bc reachcd. Tofail Ahmed M,cO FCA . CTA Ahmed & Co 284 Station Road HaoW Middleqex HAI 2EA 30 January 2025 Pa8e 6
A123 TR Ststement of Financial Activiti for the Ye*r End l March 2024 2024 Total funds 2023 Totsl funds Unrestricted funds Restricted fund Notes tNCOME AND ENDOWMEwfs FROM Donations and legacies 88,189 88,189 63.777 Investment income 21 Total 109423 109423 EXPENDITURE OIY Raising funds 5.485 5,485 3.611 Charitable acdvltles Treeding the poor and n¢¢dy Promoting sustainable developments Supporting educational PToje¢t8 Supporting healthcare projects Cjovernance Supporting humanithrian aid efforts 31,125 10.157 16.416 3,962 2.519 31,125 10,157 16.416 3,962 2.519 14,482 7.630 17,775 4.020 3,014 4.459 Total Net InS on Investsmts 185 000 NET INCOME 220.046 220.046 17,186 RECONC.ILIATION OF FUIYDS Total funds brought forward 671.910 671.910 654.724 TOTAL FUNDS CARRIED FORWARD 891956 891956 671910 Thc not¢J forni wt of th¢s¢ fuwicial gtatements Page 7
THE A123 TRUST Balan¢e heet 31 March 2024 2024 Total fimds 2023 Totsl fundg Unrcstricted fun Restrictcd fijnd Notes FIXED ASSETS Tangible assets Invesknent property 1.465 1,465 2.087 646.465 646,465 462,087 CURREIYT ASSETS Debiurs Cash at bank and in hand 24,599 227 162 24,599 227 162 11,705 203 738 251.761 251.761 215.443 CREDITORS Amounts falling du¢ within on¢ year (6,270) (6.270) (5,620) NET CURRENT ASSETS 245 491 245 491 209 823 TOTAL ASSETS LESS CURRENT LIABILITIES 891,956 891.956 671,910 NET ASSETS 891956 891956 671910 FUNDS UnresiriL*d fijnds 10 891956 671910 TOTAL FUNDS 891956 671910 The financial statements wcre approved by the Board of Trustecs and auth0ri5ed for issue on 30 January 2025 and w¢re signed on it8 behalf by: Mr Sh8tket Deen Awan - Trustee The notes forni part of th¢ fmancial statcmcnts Page 8
THE A123 TRUS t to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTIIYG POLICIES Basls of preparlng the fln4nelal statements The finAncial ststements of the charity. which 18 a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reportin8 by Charities: Staiernent 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 Stsndard 102 Th¢ Financial Reporting Standard applicable in the UK and R¢public of Ir¢lalld' and th¢ Chariti¢s Art 2011. Th¢ fuwicial Stat¢¢llts h8ve been prepared under the bistorical cost onv¢ntion, as modified by the valuation of c¢rtain assets. Income AII income is recogniscd in th¢ Stai¢m¢nt of Financial Activitics on¢¢ th¢ charity has ¢ntitlem¢nt to th¢ fimds, it is probable that the income will b¢ rec¢ived and the amount Can be measured reliably. ExpeDdlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditur¢. it is probable that a transfer of economic benefits will be required in s¢ttlem¢nt and the amount of thc obligation can be measured r¢liably. Expenditwe is accounted for on an accruals basis and has been classified under headings that aggreghte all cost related io th¢ cateBOry. Where costs cannot be dIreCY attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tanglble flxed assets D¢pr¢¢ia(ion 18 provid¢d ai th¢ followi annual raios iu Ord lo 11¢ off ¢a¢h 888¢t over Als estimated usefi lif¢. Moior vehicles Computer equipment 250/0 on reducing balance 250/0 on cost Investment property Investment property is shown 4t most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Ststement of Financial Activities. Taxtlon Th¢ charity ts exempt from t on its charitsble activities. Fund aceountlng Unrestricted fvnds can be used in accordance with the charitsble obje¢tive8 at the discretion of the trustees. R¢stri¢t¢d funds can only be used for particular r¢stricd pury)oKs within th¢ objects of the charity. Restrictions arise when specified by th¢ donor or when funds are raised for parti¢ular restricted puryK)ses. Further explanalion of the nature and purpose of fimd is includcd in the notes to the fancial slatements, Pag¢ 9 Continu..
HE A123 T N les to the Flnanclal Statem nts- conti ror the Y¢ar Ended 31 Mar¢h 2024 INVESTMENT INCOME 2024 2023 Rents received RAISING FUNDS Investment management Costs 2024 2023 Propety repairs Rates and water Landlord's insurance Ligbt and heal 325 2,296 643 482 TRUSTEES, REMUNERATION AND BENEFITS There were no truslee8' remuneration or other benefits for the year ended 31 March 2024 nor for the year endeAI 31 March 2023. Trustees, expen8eJ There were no tnte¢s, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARATtVES FOR THE STATEMEIYT OF FINAIYCIAL AcfIviTIES Unrestriclcd funds Restricted fuod Totsl funds INCOME AND ENDOWMENTS FROM Donations and l¢gaLies 62,396 1,381 63,777 InvcstmcDt in¢ome Totsl EXPENDITURE OIY Raiging funds 3.611 3.611 Ch8rll8ble actlvltleg Feeding the poor and needy Promotin8 Sustainable developments Supwrting educational pr()je¢t8 Supporting healthcare projects Governance Supporting humanitsrian aid efforts 13,101 7.630 17,775 4,020 3,014 ,381 14.4152 7.630 17.775 4,020 3,014 Total 381 IYET INCOME 17,186 17.186 RECONCILIATION OF FUNDS Totsl funds brought forward 654.724 654,724 Pag¢ 10 ontinued...
A123 TRUST N testo lal Stst rnents- ontin f(Jr the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINAIYCIAL ACTIVITIES - ¢ontlnued Unrestricted Restricted fund Totsl funds TOTAL FUNDS CARRIED FORWARD 671910 671910 TANGIBLE FIXED ASSETS Motor vehicles Computer equipment Totsls COST At l April 2023 and 31 March 2024 DEPRECIATION At l April 2021 Charge for year 1,313 422 1.800 200 3.113 622 At 31 March 2024 NET BOOK VALUE At 31 March 2024 1,265 200 At 31 March 2023 INVESTMENT PROPERTY FAIR VALUE At l April 2023 460,1)00 185 000 Revaluation At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 Based on sal¢ pri¢¢s of similar properties in the area and in consultstion with th¢ lo¢al cstate agents. the tru8tces have valued its investsnent property at £645,000. Pagcll Continue..
THE A123 TRUST Notes to the Flnancivdl Statement$- ontlnu f r the Yevdr Ended 31 Ma h 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors CREDITORS: AMOUNTS FALLING DUE WITHI14 ONE YEAR 2024 2023 oth Credilors io. MOVEMEiYf IN FUNDS Net movement At 31.3.24 At 1.4.23 Unregtrleted funds CJeneral fund School Buildin8 Project (Nairobi) 571.910 220.046 791.956 671910 891956 TOTAL FUNDS 671910 891956 Net movement in funds. included in the above are as follow8: Incoming resources Resources expcDdcd Gains and losse5 Movement in funds Unrestrleted fundj General fimd 109,423 (74,377) 185.(KlO 220,046 TOTAL FUNDS 109423 Comp•rallve8 for movement In fundi Nel movement in funds At 31.3.23 At 1.4.22 Unrestrleted thnds CF¢neral fund School Building Project (Nairobi) 554,724 17.186 571.910 654 724 671910 TOTAL FUNDS 654 724 671910 Page 12 continued...
THE A123 TRU IIT t to th Flnan talements - ontln for the Year Ended 31 March 20 io. MOVEMENT IN FUNDS- contlnued Comparattve net movement in funds, included in the above are as follows: Incoming resowces Resources expended Movement in funds Unrestrlcted funds General fimd 70,796 (53.610) 17,186 Re8trlcled fund8 Zakat Fund 1.381 (1,381) TOTAL FUNDS 54 991) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.24 Al 1.4.22 Unrestrlcted funds General fund School Buildin8 Project (Nairobi) 554,724 237,232 791,956 loo 000 654 724 237 232 891956 TOTAL FUNDS 654 724 237 891956 A currcnt year 12 months and prior year 12 months combin¢d o¢t mov¢m¢nt in funds, included in the above ar¢ as follows: Incoming resouwe8 Resources expende41 Gains And lo Movement in funds Unre8trleted funds General fund 180219 (127,987) 185,000 237.232 Re8trlcted fund% Zakat Fund 1,381 (1,381) TOTAL FUNDS 129 368) 237 232 Pagc 13 continued...
A123 TR Notes to the Finan ial Statements - con f r thc Year Ended 31 March 2024 li. RELATED PARTY DISCLOSURES There were no related paty trnnsactions for the year ended 31 March 2024. Page 14
THE A123 T us etalled Statement of Flnanclal Actlv r the Yer Ended 31 March 2024 2024 2023 INCOME AND ENtK)WMEIYTS Don8tlonJ and legAcleJ Donations Gift aid Zakat received 77.995 10.194 56.167 6,229 88.189 63.777 InvtMent Income Rents received Total Incomlng rejources 109.423 72,177 EXPELYDITURE IDveJtment management co8lJ Property repairs Ra¢e5 and water Landlord's insurance Li8ht and he&t 325 2,296 643 482 5,485 3,611 Chrltabl¢ actlvltl Feeding pro8ramme Sustainable developments Education81 projects Healthcare donations supportll hLllnaniwian aid ¢ffort8 31,125 10,157 16.416 3,962 14,482 7,630 ) 7.775 4,020 66,373 48.366 Support ¢0 Governance colts Telephone Sundries Accountancy Depreciation of motor vehicles D¢prlation of Computer U1pM¢DI 451 97 1.8(K) 422 2(K) 1.800 563 200 Totsl resources expended Net Income Thi5 page does not fomi pmrt of th¢ statutory fman¢ial stst¢m¢nts Pag¢ 15