AL-FAIZ TRUST ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
AL-FAIZ TRUST PROJECTED FINANCIL STATEMENTS YEAR ENDED 31 MARCH 2024
TRUSTEES REPORT
The trustees present their report and the projected financial statements for the year ended 31[st] March 2024
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Chairman (Unpaid) Mr Muhammad Sajjad Yousaf Rizvi
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Trustee (Unpaid) Fazal Hanan
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Trustee (Unpaid) Mrs Halima Sadia
Principal Activity
The principal activity of the trust is to benefit the poor and disadvantaged people in the rural areas in term of meeting their education helping the community by providing them basic facilities, establishing small hospitals where doctors and health programs are not available and work for disabled people.
Trustees Responsibilities
The charities acts require the board of trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the charity as at the end of the financial year and of the surplus of deficit of the charity. In preparing those financial statements the board is required to:
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Select suitable accounting policies and then apply them consistently.
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Make judgments and estimates that are reasonable and prudent and prepare the financial
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Statements on going concern basis unless it is inappropriate to presume that the
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Charity will continue in business
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State whether applicable accounting standards and statements of recommended practice
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Have been followed, subject to any material departures and explained in financial statements.
The trustees are also responsible for maintaining adequate accounting records which disclose with reasonable transactions and enable them to ensure that the financial statements comply with regulations. The Trustees are also responsible for the contents of the trustees’ report.
Approved by the Trustees on 12 December 2024
By order of the Committee
AL-FAIZ TRUST
CIO Registered Number 1127776
| 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | |||||||||
| INCOMING RESOURCES | |||||||||||
| Grants and Donations | £0.00 | £34,520 | £34,520 | ||||||||
| Charitable Trading | £0.00 | £0.00 | £0.00 | ||||||||
| Interest Received | £0.00 | £0.00 | £0.00 | ||||||||
| TOTAL INCOMING RESOURCES | £0.00 | £34,520 | £32,520 | ||||||||
| RESOURCES EXPENDED | |||||||||||
| Direct Charitable Expenditure | £0.00 | £91,984 | £91,984 | ||||||||
| Administration and AdvisoryServices | £0.00 | £12,573 | £12,573 | ||||||||
| TOTAL RESOURCES EXPENDED | £0.00 | £104,577 | £104,577 |
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| SURPLUS/(DEFICIT) FOR THE YEAR | |||||||||||
| TRANSFER | £0.00 | £65,087 | £65,087 | ||||||||
| BALANCE BROUGHT FORWARD | £0.00 | £9,569 | £9,569 | ||||||||
| £0.00 | £4,599 | £4,599 | |||||||||
| CARRIED FORWARD | £0.00 | £4,599 | £4,599 |
AL-FAIZ TRUST
CIO Registered Number 1127776
Trustees Report and Accounts for the year ended 31 March 2024
| FIXED ASSETS | £230,000 | £230,000 | £230,000 | |
|---|---|---|---|---|
| CURRENT ASSETS | ||||
| Amounts Due and Prepayments Cash at Bank and in Hand |
Amounts Due and Prepayments | £0 £4,599 |
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| £234,599 | ||||
| CREDITORS | ||||
| Amounts falling due within one year | £0 | |||
| NET CURRENT ASSETS | £234,599 | |||
| Amounts falling due more than one year | £305,317 | |||
| TOTAL ASSETS LESS LIABILITIES | (£70,718) ~~Ld~~ |
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| CHARITY FUNDS | ||||
| Funds | (£70,718) | |||
| TOTAL CHARITY FUNDS | (£70,718) | |||
| Accounts approved by Trustees: | ||||
| Muhammad Sajjad Yousaf Rizvi |
~~………………………………………~~ …………………….. Muhammad Sajjad Yousaf Rizvi (Thu, 12th Dec 2024 14:28:11 GMT)
AL-FAIZ TRUST
CIO Registered Number 1127776
Trustees Report and Accounts for the year ended 31 March 2024
1. Accounting policies basis
The accounts have been prepared under the historical cost convention and in accordance with:
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Accounting by Charities - Statement of Recommended Practice (SORP 2005)
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and with financial reporting standards for Smaller Enterprises (FRSSE)
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and with the Charities Act 2011
The Charitable Incorporated Organisation (CIO) 1127776 was registered on 30[th] August 2013, to take forward the work of the Unincorporated Association registered number 265351. Assets, liabilities and funds of the two charities are combined. This is further explained in the introduction to the Trustees Annual Report.
Change in basis of accounting
Employees are shown as average number of full-time equivalents for the year. Previously number of employees at the end of year was shown. The comparative has been updated accordingly.
Incoming resources
Incoming resources are recognised on a receivable basis
Expenditure and liabilities
Liabilities are recognised on an accrual’s basis
| 2.GRANTS AND DONATIONS RECEIVABLE (UNRESTRICTED) Donations Other Donations 3.INCOME FROM CHARITABLE TRADING (RESTRICTED) |
2024 £ £34,520.92 £0.00 £34,520.92 2024 £__ £0.00 |
2024 £ £34,520.92 £0.00 £34,520.92 2024 £__ £0.00 |
2024 £ £34,520.92 £0.00 £34,520.92 2024 £__ £0.00 |
|---|---|---|---|
| £34,520.92 | |||
| 2024 __ £0.00 |
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AL-FAIZ TRUST
CIO Registered Number 1127776
Trustees Report and Accounts for the year ended 31 March 2024
DIRECT CHARITABLE EXPENDITURE
| 2024 2024 £0 £0 £0 £0 2024 2024 Unrestricted Restricted £0 £0 £0 £0 £0 £0 £91,789 £0 £91,789 £0 £0 £0 £0 £0 £195 £0 2024 2024 £278 £0 £743 £0 £2,603 £0 £1,646 £0 £5,270 £0 £600 £0 £2,140 £0 £4,563 £0 £7,303 £0 |
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|---|---|
| Day Centre Cost | |
Payroll |
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Advertisments |
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| Other and Depreciation | |
Refurbishment |
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| Community Service Costs | |
| Payroll | |
Office |
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| Bank Charges | |
| ADMINISTRATION AND ADVISORY SERVICES (UNRESTRICTED) | |
| Insurance | |
| Telephone | |
Advertisement |
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| Travel | |
| EMPLOYEES | |
| The average number of full-time equivalent employees for the year was:- | |
| Water | |
| Administration/Stationery | |
Light & Heat |
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Total |
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| CREDITORS Amounts falling due within one year: - Accountancy Fee Accruals Note- All staff are employee, no agency staff have been employed |
AL-FAIZ TRUST
CIO Registered Number 1127776
Trustees Report and Accounts for the year ended 31 March 2024
| Funds(bank) ANALYSIS OF NET ASSETS BETWEEN FUNDS RESTRICTED FUNDS RESTRICTED FUNDS Balance as at 31 March 2024 UNRESTRICTED FUNDS Balance as at 31 March 2024 |
FIXED ASSETS NET CURRENT ASSETS TOTAL £230,000 £4,599 £234,599 £230,000 £4,599 £234,599 £0 £4,599 |
|---|---|
FURTURE COMMITMENTS –
The trustees have no material future commitments as at 31 March 2024 other than those shown in the accounts.
Issuer CBS Accountants Ltd Document generated Thu, 12th Dec 2024 13:20:57 GMT Document fingerprint c142c89c9bc2a6d2bcd98251fabc86ff
Parties involved with this document
Document processed Party + Fingerprint Thu, 12th Dec 2024 14:28:11 GMT Muhammad Sajjad Yousaf Rizvi - Signer (820cbbe4736c12097c71a59f5de243ec)
Audit history log
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