Regi8tsYed number.. 07316170
Ch*Tr4ty numb•r. 1137700
BRrrisH PAKISTAN FOUNOATION
FOR DEVELOPMENT
UNAUDITED
TRUSTEES, REPORT
AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEM8ER 2023

BRITISH PAKISTAN FOUNOATION FOR DEVELOPMENT
IA Compwny Llmlt•d by Gu•rant8•1
CONTENTS
Pag8
R•f•rnnc• and Admin1#tr￿￿ Dots11$ ot th• Company. Its Trusts•¥ and Advi••
TN*t•￿' Report
Truat•eb' R•4pDnilbllltl•8 St#t•m•nt
Independent Exaffllngrf• R•port
8t•t•m•nt of Fln•ncl•l Actlvitl••
In¢om• Ind Exp•ndltur• Account
Balanc• 8h••t
Not•• to th• Flnlnclil StAtsm•nt•
10-16

BRITISH PAKISTAN FOUNDATION FOR DEVELOPMENT
IA¢ompany Llmit•d tsy Guarants*l
REFERENCE AND ADMINISTPATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THe YEAR ENOEO 31 OECEM8eR 2023
A Rang￿t￿8{a Iresigned 1S July 20241
Dr N Amln
Z Shah
FAII
Dr S La￿1 lappoinled 27 Juty 20231
M Qaisar (appoint￿ 4 July 20231
A Shaikh lappoinled 22 November 20231
A Toru lappointed 22 Novèmbgr 20231
R 8halti Irolianed 7 March 20241
S MalSk (resigned 4 Septamber 20231
Comp•ny regS•toi•d nufflb•r
07318170
Ch4rlty r•ght•rnd nUffl￿r
1137700
Regl•t•r•d offlc•
Quaen Anne Manw¢MI, 86.87 Wimpol• Str•el, London, W1G9RL
Chi•f •x•cutlv• offl¢•r
Dr N Amin
Page I

8RITISH PAKISTAN FOUNDATION FOR DEVELOPMENT
IA C+)mpany Umltsd by Guarantsel
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Irustees present their 8nnual ioport and financial slal8menls for the ye&r ended 31 Oec*ntseT 2023.
The a￿oUnt5 have b¢en prepar8d in xc¢id8nce bwth the accounting policies set out In note 1 to the accoun15
and cornply wlh Ihe Ch￿￿9 Trust Deed. the Compani88 Act 2006 and A¢eounting and Reporting by Chadll¢8".
Slalemenl of Recernmended Practice appllcable to Gharilie$ prep4rlryJ their accounts in accordance wilh th¢
Financkgl Peporting Slandard applicable in the UK and Republic of Ireland IFRS 1021. las amended for
aeeounling period$ comrnencina from 1 January 20161.
Chjrbty Ml••lon
To eng89e. unSte and empower Ihe UK'S mor8 than 1.5 million BriliBh PakISt￿ls, by brin9ing thém to￿t￿r.
giving Ihèm a vou, and supporting thelr Bocio-•wnomic developmonl.
Our Vl•lon
To create a platform Ihal serye? and protects the be81 intero8t$ ol th• BrltS$h PakIStar￿ eommunlty.
Obl•¢tlve• Ind actlvltl
Founded wi 2010, wo are Londen-ba$ed, nol-lor-profit. Secular. and non.partisan. We fun progrAnwn•$
n4￿9nwlde in partn¢iship with local Community, building organizalions working for Ihe 8AME communily. While
b00511ng communily bullding. the BPF also •cl$ as a liaison befvffjan the diJ$pora and government41 and
nongovernrnenial organisation$ in both tbe UK and Paki$18n. Vve h8v8 been actively worklng to expand our
plallorm wilh Ihe kind 5UPPOrt of our Boafd. Palrons and M•mbern.
Achl•v•m•nts and p•rform4nc•
A114Youth PArtn•rshlp
The BPF partnered with AIMYtyJlh as pgrt ol an oulrea¢h inltialive lor Ihtr Aspire programme enatylin9 U5 10 reach
th• youth In Rochdalo We have fjlre8dy members of Ihi$ programme who hav8 begun Iheir Mentortng with u$.
The obie¢lives of A114Youlh locus around keeping the youth ofl Ihe JIr￿ls, helping create sale 5pa¢e$ for th?
youth lo gain independence, make nev4 friend5, builtl Iheir eonfidence, g¥in new skills and much more. W& plan
lo continue our work with Ihe A114Youlh to ensure a8 many young Indiylduals benefit from our programme$
Ilke Aspire,
A•plro Mgntor•hlp Programm•
391 Mtrntees and Menlors slgned up an the platform.. 254 m•nlors and 137 mentees. 34 Mentees hgve been
efther malch•d. started rnenloring or compleled their progr8mme slnce wt fiisl $18rted Ihe Aspire programrne. In
total the Aspire progromme has generated over E12k ol firsl-oréer so¢Jal valuè lol the British P8klslanl
cornmunily. nol counllng the p80pb who ha¥e gol Into full lime job5. or PhD progTammg$, or rnDre. For cohort 2
we hav• a rnorg arnbillou$ laFg￿ to ¢omplele 130 Menlee5 matches by tho end ol yaar.
Eld In lh8 Square continue5 lo be 8 great Su￿885 Ihis year resulled in over 150 newsleller up$. We
h3¥e several eXcI￿n9 ev8nl$ and partner$hip5 taryeted al Dur dernegraphic including an e¥#nt on finarte• al
Detoittè, In lalks wlth Mw Sheikh to h05t an event on media and ￿811¥8 arts.
eniyoo's succè$s and vislbilily has ltrd 10 them winning Nutional Lotitrry funding in addition lo their lead5
¢r•¥ling partnership opportunllieg. lor example with the Bu5ines& Launthpod's Young and Gifted progr8mmo.
Oeloitte's Muslim Nebvork 8nd Wand6worth's S¢clal Levellin9 up commuThty fund. We are al a ¢rucial polnt in
th& progr8mrne where we have several excitin9 opportunilie¥ lo execu18 afi¢J the start of the academi¢ y¢ar
where focu8 turn5 to programme8 like our5.
Eld In th• Squave
'd in th8 Square al Trafalgar Square logk place in London with an exc￿1￿ll array of aclivibes aThJ bDolhs. BPF
Set up a booth lo engage with the c(tmrnunity about our work and prcmte the Aspire mentorship programme
th team Mentyoo.
P8ge 2

BRITISH PAKISTAN FOUNDATION FOR DEVELOPMENT
IA Company Limited by Guarant9•1
TRUSTEES, REPORT ICONTINiJEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
The whole day wa$ spent Inleraciing with curious meffl￿r5 of the community. young and old. answering all their
questions aboui BPF and Aspire. Wè had over 200 slgnups for the Aspirg Mentorship PrOgrarI￿&. and rrore
with our newsleiier lollowing the event.
The Legacy ProJ•ct. Honourin9 our Proh¢( Pl*ntin9 our FU￿r¢
Post the launch a￿1 81 the Pakt8lan High Cornmi88ion, Ihe was lo host sevtral fiJndraislng events sn
collaboration w￿th programme partnw5. Bul after the devaslaling floods In P8ki$lan, the comfflunily locus shifted
lo fundfaising for nood reliel ond the Executive Commltlee lor The Leg8cy Projeci decided IhÈi11 was bes110 not
push the proj8cI 38 wè would not b2 able lo compete with fundraisin9 lor flood relief 8nd would also seem lo be
In poor la51e. We collBborated wilh UKMAP and APWA. who held Flood Fundraising evén18 81 PHC. and
contribuled a share ol the profits wllh tho Legacy Projeci ro$vlling in Ihe spons¢y$hip of E2.02S.
W• used our Pfolecl lo highlight the Impac¢ of clirnaie change on the Flood5 in Pakl$lan. whil? str•¥$ing tha
importance ol more green Inilialives like ours. While overall tree sponsorship numbers have been far from
expeclaiion$, we have managed 10 creaio 5ponsor5hip worth £31.575. with further £3.750 p18dged. The $ale$ lo
d8le have enabled u5 to r•coup the Initial Inv$$imenl In mtrrch8ndising and w& have now b••n 8blt lo repay Ihe
loan we received from Flangoonwala Foundation 10 gel Ihis proiecl off Ihe ground. Sales lo dal? hav? also
en8blgd us to etsver the séeond banche ol our paymènt lo Nallen81 Trust lo pay lor a furth8T 3.375 1£16,8751
tre•8.
We have already paid lor 7SO1£3,7501 trea# 81 Ihe limts w? Svaned Ihe agreemenl with Naiional Truat. Alihough
thè payment for the second Ir8nche was du8 in 88ily October. they have been undersianding the silualion
regarding donor laiigue due lo thtr floo¢s in PBki918n. Th•s laktrs u$ lo a lolal number ol 1¥8?s planled lo 4,125.
wllh Ihe alrn ol r¢aehing our larggl of 7500 in Ihe coming months.
We relaunched thé fund-raising programme in Fobrtsary 2023 with a Chai Party al the Pa￿813￿ High
Comrnis$ion In partnership wllh tho Pski$lan So¢lgty where we Interacied the ¢ommunlly and briefed them
on way$ Ihey can support tha Legacy Proje¢l, The Event w88 aM¢nded by over 75 gue815 includin9 the Hlgh
Commissioner and his wife.
Fllm 8cr••nln9
In tglebrats'ng anolher1•8ding wom•n who conslantty shows h•r supporf fer the P8ki$ianl eommunily, The 8riliBh
Pakistan Foundation In collaboration with The Ismaili Centre London hosted a $old-oul screening ol Jemima
Khan'$ Whai's Lovè Gol lo Do with 11? The $cr&ening was lollowad by an emciling panel discussion with
Jemima Khgn (Writer & Producefl Sh&hza(J Youn8$ (Founder & CEO of Muzzl. and Ammara Maqstsod
IA$sociale Pfofe$$or in Social Anihropolegy. UCLI and N8$e8m Ji¥r81 IPhD Anthropology $lu(Jenl al LSEI.
Moderated by Maribill Qaiser. the panel di$cu$$ion covered Some key Ihemej from the movie Includin9 modem
Muslim malchm8king, the complexity of Ihe Brltish Pakisiani id&niily. Ihe evoluiion of the desp larnily unii. and
much moro Made possible by Iht team al Studio Canal and Media Hive. the event was he￿ in support al The
Le9acy Proja¢l.
Int•rvl•w8
Monthly inleryiews were arranged, via 2¢)gm. and shared on our YouTube ¢hannel, 8PF website and oui 80cial
med18 plalftsrrns. The per¥onalilies Involved also shared ¢n their own social media. allowino cross-promotion.
Res8aich. inlèNiew qutr51ions and vldeo èdiling were done by the BPF leam.
Ev•nt•
In September 2023. BPF hosted Ihe eveni, 'How to B￿ak into Financlal and Professional S•rvice$' In
collaèJoralion with M8ntyo¢ and Oeloillo Muslim Netyvork.
The evenl was organised in coll8boraison with Mentyoo, who are our partner5 foi the Aspiie Mentorship
Pfogramme and Deloille IAuslim Ne￿Ork. We opened il up lo 8rilish Muslims, rather than jusl Pakista￿$. since
we were partnenng with DMN.
Page 3

BRITISH PAKISTAN FOUNDATION FOR DEVELQPMENT
IA Company Umited by Guarant•o1
TRLISTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEM8eR 2023
Th8 panel fèatured.. Wi Almakky.. Global Head ol Payment Solution$ lor Mebilily Sector ai JP Morgan. Sehr
A$kari.' Senior Vice Pres￿en1 at Citibank. Khorrorn Hus83in.' Managing Director al Bank of America. 11 was
moderale(I by Ibrahim Fefulloo, Ihe C¢-Founder ol Mtrnty￿, CEO of Menlyoo a)d Head of Fi￿ar￿ ai SluRent$.
It Was promoted on BPF'S soci81 rn8dia plarforrn$ Iln?18gr8m, Facebook, Twitter and Linkedlnl in Ihe weeks
leading up to the evenl, as well 8$ In our newsleller. We shaied a link lo our Evenlbrile pa90 8ach time
promoted the event. As a result. wè had 82 p8ople book IT8e Ilckets. whic* m¢ant we w81e at full capacity. We
also had over len p8opIg on our waillng list. Dèloltte Musllm Nelvnrk a150 shared Ihe event wilh their nelwork.
resulting In 35 Ilckels Ixioked.
On Ih? day, Iha tumout was approxim&lely So all6nde￿, preilominanlly Sludenisfyoung prole88ionals Irorn
Pakisiani background. Leaflets regarding the Aspire Mentorship Prograrnme were given lo all att?ndee8 at the
end ol Ihe event. sign-up QR codes. Foll¢w4in9 lh8 e¥enl. 18 pgopltr Ji9ned up as menlges and hvo peoplg
¥igned up 88 mentors.
Flnancl•l R•vl•w
Durin9 the year 8PF rec•iv8d don4llon5 of £93.700 12022.. E58,9891, the mosl synificbrt of whlch ¢omlng frDm
ZVM Rangoonwala Foundaiion amounting lo £80.￿Ol2022.. £30,300).
8PF a&9 ralèed a further £1,910 12022" E3,8351 from programm• and rn8mb8rahip inillalive&. added together
Ihis rneanl lotol incom? was £95,61012022. £60.8241.
Totol ro8ourco1 eKp•nde4 totall¢d £68.44012022.. £92,549).
For every £1 spent ty 8PF..
Charitabl• Actfvibes 94p
Gov•rnanc8 Co8t5'. ep
Th• Briiigh P*iKtan Foundaipon is both • r8gisl&red chsfily and con8tiluled a$ a company limited by qu#rant•e
and net havlrg a 8haFa capital. The 8PF 15 gove4nod by tt8 trust ¢Je¢d de¢wNnt submitl•d to the charlly
mmi8slon in Jvly 2010.
BPF boa(d VO¢e cn nomlnatlons. wh*h are $hDnN$tefl by lead boord rn8mber$ and tho nominati¢￿8 are
sèconded by oll the TruBlees.
Approved by order of the members of the board of Trustees and $lgned on Ihelf beh&Y by,.
Dr N Amln
D81e.
Page 4

BRITISH PAKISTAN FOUNDATION FOR DEVELOPMENT
IA Company Llmitsd by Guarantee
STATEMENT OF TRUSTEES, RESPONSIBILinES
FOR THE YEAR ENDEO 310E¢EMBER 2023
The Truslets (who 8re also the di18ctors ol Ihe Comp8ny for the purposes of company lawl are respon$ibl8 lor
prtrparing the Trustees. Report and the financial Slal&menls In accoidance with applicable law and United
King*)m Accounting Standards (United lfjn9dom Generally Acceplad Accounllng Pracllc•l.
Company Iw requires the Trustees lo prepare finan¢ial slaiemenls for each finan¢lal Undef CDmp8ny 18w. the
Trustees rnusi not approve Ihe financial $131em8nls unltrss Ihey 8re Satlsfied that Ihey give a true and fair view ol
the state ol affairs of Ihe Company and of lis incorning resour¢es and Jppli¢aiion of resources. including its
in¢om& expendilure. for Ih81 period. In prep8ring these financial ¥taiemenls. tho frusltre$ are requirod to-.
select Suitable acCO￿lIng policies 8nd then apply them consistenity,.
obseryd Ihe meihods and prineiples of Ihe Charities SORP IFRS 1021..
mahe judgements accounting esiirnai8s thai are reasona￿2 and prudent.,
slate wh8lh&r applicable UK Accounting Standards IFRS 1021 have been followed. suty'e¢t to Any rnat¢rial
departures dlsclosed and explained In Ihe financia S131gmenls'.
prepare Ihe fin8ncSal s181ement5 on the goinp concern ba$15 unle$8 Ot is In8pprcprl*le lo pre&urne that the
Company wll coniinue bu51re85.
The Trustee5 aré re5pon$ible for k•¢pin9 adequate accouniing records thai a￿ suificiani lo ehw and •xplain
the Cornpanys Iransa¢iion$ and dixlose with re8$0nable 8ecur8cy al any limè the finan¢ial position of the
Company and enabl& them to ensure Ihal the ffnancial stalemenis etsmply wilh Ihts Cornpanies Aci 2008 They
are also re$ponsible lor safe9uarding the assols of the Cornpany ancl hence lor laking reasonatsll $l&pi for th•
prevonts.on and del¢cilon ol fraud and olhér 1rr8gularll181.
Apwoved by ordor ol th¢ members of th8 board ol Truileei and 519ned on its b•hall by..
Cir N Amln
O•t•'.
2r/o?14
Page 5

8RITiSH PAKISTAN FOU14DATION FOR DEVELOPMENT
IA Company Llmit8d by Guarantee
INDEPENDENT EKWINER'S REPORT
FOR THE YEAR ENDED 31 oecEM8ER 2023
lftd•pgndent examln•¢$ Report to the TN$tses of Brltish Pakl•t¥n Foundation Fc*r D•¥el¢)pment
rth• Comp•ny'l
I report lo lh8 charity TTUSte¢s on my exarnknatIc￿ of the accounts of th• Company lor the year ended 31
December 2023.
R••ponilbllltl•s and B••ls of R•p¢rt
As the Truslees of Ihe CornpBny land ils dlreclor5 for the purpo&tss of eompany you aro responsible lor the
pr•parallon of ltte accvJnls In a￿eldance ￿th the r8quir8menls of the Companies Act 20061.lhe 2006 Act'l.
HavSng 88li5fred my#elt th81 thè aeeounls of the Company gr• not fequii•d to be audlled undw Part 16 01 t
2006 Acl and are frligiblo for Indepondent examinalityn, I report in raspecl of my ex#min81ion ol the Componls
accoun1$ carrigd out under $ection 145 01 the Charilles Acl 2011 I'lhe 2011 Acl'l. In ￿Trying oul my examinati
I have followed the Oirection6 givan by Ihfj Charfty Commission undèi seclion 14SISllbl ol the 2011 Act.
Ind•p•nd•nt Ex•mln•l• St*t•m•nt
I hovè completed my emor￿nation, I confirm that no maltefS have ￿me lo my 8tt8ntion In connection vlth Ihe
èXaMknat￿0n g￿ing ma lo belkg¥•'.
counllng record6 werg not kept in r•sFect of tha Comp8ny as required by sèetlon 386 of the 2(N)6 Act.,
or
th¢ aecoun¢s do not gccord with those ro¢ord5', or
the account$ do nol comply wth the accounling requiremenl$ of 58clion 396 of Ibe 20[6 A¢1 other than
ally fequlremenl that the account5 give 8 'true and fai¢ v*w which 1$ not a rn•tler con$Klgred ès p8rt of
8Th Indapendenl exarnlnaiion., or
Ihe occount5 have not beon prep￿￿ed in accordance ￿th the methods 8nd pAnU￿e8 ol Ihe Slalernenl of
R¢¢ommended Praclice for aceounling and mporting by ch#rllie$ applicable lo charitie8 prtpèring Ihelr
acounl8 In 8ccord8n¢• %44th thg Finanual R8Pertin9 Standard 8pplicabie in tho UK and ReputAK of
Irtrland IFRS 1021.
I hgve no concemB pnd have comtr a¢roJs no olher matlers In connection wilh Ihe oxaminalion to whlch
attenlion Should be drawn ITr th'8 report In ordèr lo enable a pioper understandlng of the accounls lo be reache¢J.
SwJned".
Dated.,
Mafk N811i9an FCA
for and on behaw ol
Wellden Tumtryjll Llfflited
Cl)rernont Lane
Esher
Surrey
Iff10 9FO
Page 6

8RIYISH PAKISTAN FOUNDATION FOR DEVELOPMENT
IA company Llmilod by Guarantse}
STATEMENT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 31 DECEMBER 2023
unr0￿11¢tod
lunds
2023
Tolal
fund5
2023
Total
fu￿¥
2022
Note
In¢om• from..
t)onalions and le9acie$
95,810
95,610
80,824
Yotsl In¢om•
95,610
95,610
80,824
Ex￿ndItUT* on:
charl1a￿e let￿tieS
88,422
68,422
92,$49
Tot•1 •xp•ndlturn
68,422
88,422
92,549
N•t rnov•m•nt In lund•
27,188
27,188
131.7251
R•con¢lll•¢lon ollund•'.
Totsl lund8 brought forward
Nat moY8menl in fund•
117,8811
27.188
117,8611
27,188
13,844
131.72SI
Total fund• c•rrl•d f0Th￿rd
g,307
9,307
117,8811
The StaterneTht ol Financial AcfvilieB IncSud85 all g•ln8 and lo$w reeoqnl•ed In th¢ yyw.
The notes on pages 1D to 16 form part of the8e financlal sialom•nt8,
Page 7

BRITISH PAKISTAN FOUNDATION FOR DEVELOPMENT
IA Company Umll•d by Guarant8•)
SUMMARY INCOME AND expENOITURE ACCOUNT
FOR THE YEAR ENDED 31 DEceMBER 2023
Total fij[￿6
2023
Total lunds
2022
Gro•• In¢om• In th• r•portlny p•rlod
Les8.' Total exp8ndttur
95,810
{68.4221
80,824
1¥2.5491
N•t k￿m•ll?￿p•ndI1Ur9I lor th• rnportlng p•wlod
27.188
131.7251
The on p•g•s 1D to 16 fr*rm part oflh838 fin8w81 stalem•Dts.
P￿8

BRITISH PAKISTAN FOVNDATION FOR OEVELOPMENT
IA Company Llmlted by Guarante•l
REGISTERED NUMBER.. 07316170
BALANCÉ SHEET
AS AT 31 DECEM8ER 2023
2023
2022
Note
Flx•d a*￿t$
Curr•nt *•••ts
Cash at b8nk and in hand
12.4S7
10,119
12,457
10,119
Cr•dllors.' amounts falling du• wlthin one
year
13,1501
128.0001
N•t eurr•nt a••g1s I Iliblllt••
9.307
117.8811
Totsl ••••t• current Il•bllltl•s
9.307
117.8811
Totsl net A8••1•
5,307
117.8811
Ch•rlty fund¥
Restricted fund
Unr8strlcted funds
10
io
9.307
117.8811
Tot•1 lund8
9.307
117,8811
The Company was entr'tl¢d lo ex•mption from ￿l￿11 under s8¢tion 477 of th? Companles Act 20C6.
Th8 m•mb8rs hav8 not requir8d Ihe compony to obtain w 8udil for lh¢ year in question in a¢¢ord8nee wmh
cli¢rt 476 of Compan￿8 Act 2C#J6.
The Tr¢J8lees adlnowledgts Ihelr r8sponsibililie$ lor ￿)MplyIng with ihe roquiremenls of tha Acl vllh respecl Ic
aGcounknng records 8nd prèparalion or rinonclal staiemeni5.
The financbl statements have been prepared in aco)rdonce with the pro¥islon8 appIl￿ble to enllll88 subject tg
Ihe $mall ¢ornpani85 regim8.
The fina￿181 Slalemenls were approved and authoris8d for i$su8 by the Trusl¢¢8 and signed on Iheir beh8tt by..
DrNAmin
Date..
2s1of li
The notes on pag88 10 10 16 form part of Iheaè finandal $lalem8nts.
Pa98 9

BRITISH PAKISTAN FOUNDATION FOR DEVELOPMENT
IA Company Llmlted by Guaranto91
NOTES TO ThE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
General Infonnatlon
The Brili$h Pakistan Foundation Is 8 ￿1vate Company ¥mited by guarantee incorporaleé in England and
Wale5, rags$tr31ion number 07316170, ¢harily number 1137700, fe9l$lered office of Queen Anne
Manstons. 86187 Wmpolo Street, London W1G 9RL
eountlng poll¢lo
2.1 B••is of prepafOUon of flnanclal •tatom•nt•
rh¢ financial 51aiem8nt5 hav8 been prepared in accordance wilh the Chath5e5 SORP IFRS 1021
Accounilng ReportiNJ by Charllles". Slalomenl of Recommended Practice applicable to ¢harltie$
preparln9 Iheir a¢¢ount5 in oecordan¢e with tho Financlal Reporting Slandafrl appli¢abl* in the UK
and Republk of Ireland IFRS 1021. Ihe Fln8n¢i81 Reporting Slandard applicable in the UK and
Republlc ol Ireland IFRS 1Q21 And Ihe Companies Acl 2006.
el￿11￿ Pakl8ian Foundallon For Developmefit meets tho definIt￿n of a wblir benofil wllty under
FRS 102. A53el8 and IiaLx'llties are initlally recognised al hi8toric81 co?t or tran8acli¢n value unle$$
otherwlse Staled in Iho rel￿an1 accounting policy.
2.2 Ooiny ¢onc•rn
Th• found8tlon was in 8 nel 08581 posits'on a8 al the talance 8h••t dale. The Iru$l885 have prepaied
the financl8181alement$ on a golng concvrn bas1$ whSch mean¥ Ihal the foundat￿rt will continua to
m881 Ils Ilabililiès a* they fall due for a p8riod of al 18asl 12 months from the dale of approval ot t
rinsndal slaiemenls, In as$8s6ing the going con¢¢rn po6iUan, Ihe Iruslees cite the g•neralion ol
income from donalioni $ub&8qu8nl lo th$ peiiod end dale lo allow the loundaiion lo meet tts liabilities
as Ihey fall clue. Further, Ihe IrusteÈ8 ato Ihelr or*Jcing support should it ￿ required. On this basis
the trustees conslder It appropriat¢ lo Prepa￿ the Fln8ncl81 Sl8lement$ on a going concwn ba$is,
2,3 Incom•
I Income Is r•oJgn16ed one& the Cornpany has enllUem8nl lo lh8 income, ft Is probBbl• that the
Income %dll b¢ rèc8lved and the amoLmt ol Income rec81vablo can be measured reliably.
The recognition ol income from legaci•s Is dependent gn •$iablishing enlillernenl, the prebabillly of
T8colpl and Ihè abllily 10 èstlmale wdh 5uffieienl 8ccurg¢y the amounl racèSvab1?. EviLSence of
•nlidefflenl to J legacy exists whon Ihe Company has 5uifi¢ienl evld•nce Ihat a gift ha$ beon left to
them Ilhrough knowledge of tha exlslencè cf 8 valid will 8nd the de81h of Ibe benefaclorl 8nd Ihe
executor 15 5atlsfied Ihal the property in question will nol be required to salijfy claims in lh8 èslale.
ReceN)t of 3 legacy must be recognised when it is probable that il will be rec¢ived and Ihe lair ¥alug
of the amount r8ceiv8ble. which WIN generally btr the ?xpecled c4sh amount 10 be dlslrlbuled lo lh•
Company. Con be reliably rneasured.
Granlg are induded In tho Slalernenl of Finoncial Activil￿& on 8 receivable b88i6. The b81anc• ol
income received for speafic purposes but not èxpend8d during the period 1$ shown in Ihe relevanl
lunds on the Balance Sheet. Where income is feceived In advance of anlillemenl of r8ceipl. ils
reccgnl￿Q￿ is deferred 8nd includ8d in cr8ditor5 as deferrnd income. Where ￿n￿t￿ment cKcur$
before incomo i¥ r¥e*fved, income Is accrued.
Page 10

BRITISH PAKISTAN FOUNOATION FOR DEVELOPMENT
Company Llmited by Guqrante*l
NOTE5 TO TPIE FINANCIAL STATEMENTS
FOR THE YEAR ENDED J1 DECEMBER 2023
A¢¢tsuntlno polici¢$ IcontSnu8dl
2.4 Expondltur•
Expenditure is recogni3ed ance Iheie is a legal or e¢)n5trucllve obligation to Iransfer 8conomic benefrt
lo g third party. Il is probable that a Iransfer of econcmic benefrts WWI be required in selllemenl and
the amount of Ihe obligation can b& measur8d rèllably. Exp8ndilure Is dassifigd by activily. The CD818
of each aclivity arè made up ol lh8 total of direct CO51$ and 8haied cosls. incjudlng suppart CO515
involved In undertaking 8ach activily. Olrecl co$is allribulable 10 a single 8clivily Hre allocated dIre￿lY
lo Ihal activity Shared c0515 which contribute lo more than onè actlvlly and support costs whith are
nol attributable lo a single a¢tivily ara apptsrtioned between those a¢ti¥ilies on a basls consislenl with
the u$e of resourc85. Cèntral &laff c0515 are allocalgd on the b8$i$ of lirne $p•nt. and depr¢rAalion
charges alloc8led on Ihe portion of the as$el'& u88.
Expenditur8 on chanlable aclivit18s 16 Incurred en dirodly undertaking the oclivilie$ whith lurther the
Company's objectives. as well 85 any 8$sorialed support costs.
Grants payai4e are charged In the yeor whon the offer 1$ mada excepl In Ihosa cases where the offer
is condiiltsnal. such grants being recogni5ed as 8XP8nditurè when the condillons altaching are
fulllled. Grant$ offer?d Subject to conditions whlch have not b88n met al the year end are noted as
commitment, bul nol accrued 88 expenditur6.
All expendbtur¢ IB inclu8lve ol irre¢ovéfable VAT.
2.5 C••h Jt bank and In hand
Cash al bank and In hand includes c8$h 8nd 5hort-teTm highty liquld investments with a ihart malurlly
of Ihree monihs or less Irom the dale of acqui$ilion or opening ol the depos￿ or similar actounl.
2.6 Llabllltl•* ind provlKion*
Liabilities are r8coonised when there is an obllgjlion at Ihe Balance Sheet dale as a r8$utt ol a past
eveni. Il IG piobable thai a Iransfer of economic benefit w+ll be rtwired in Sèitlèment. and th8 amount
ol th• seiiiemenl can b8 eslimaled rellably.
Liabllilie8 a18 r8cognis&d al arnounl Ihal the Company anlicipales il wll pay to settle thè debt or
the 8mount it has received as ¥dvanced p8ymenls for the goodg or $8rvicos il musl provide.
Provi3ions are m8a$ured at Iht b•$1 esllmale of thé amounts required to Sottle lh• obligation. Where
the eflect ol the time value of rnoney 1$ maleri81. the provl$ion is based on ihe pre$enl value of those
arnounli, discounted al th¢ pre-tax discount ral8 Ihal ffjlects Ihe risks specific lo the liabillty. The
unwinding of the dlscounl is reGognised in Ihe Sl8ttrment of Finanaal Activilley a& a finance cost.
2.7 FlnanGl•l In*trum•n¢s
The Campany only h05 financial asse18 and finana81 ligbilities ol a klnd that qualify 88 baslc finanryal
inBtruments. Basic financlal instruments are Inilialty recognis8d at Iransadian value and sub$equenNy
measured al their Settlernenl value with the exception ol bank loans whth ar• subsequenily
m•asured al amorkn'$¢d c051 usiw the eflective inleresl method.
2.8 Fund accoun￿n9
General funds 8re unreslrict8d funds which ar8 8vallable for use al the discrelion of the Trustee5 in
furtherance of the general objectives of the Company and whith h8ve not bben dèsigna18d for olher
purpo888.
Page11

BRITISH PAKISTAN FOUNDATION FOR oevELOPMENT
IA Company Llm5t•d by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 0ECEMeeR 2023
Incom• from donatlon8 and le9aci
Unrestricted
funds
2023
Total
funds
Z023
DonallonB and legac￿$
Membershy fees
93,700
1,910
93,700
1.910
95,810
95.810
Unrnstrkted
fund
2022
Total
funds
2022
Oon8llon8 and Iv9acwg
Patrons programme
Membership ftei
68.989
1.250
2,S85
56.989
1.250
2,585
80.824
60,824
An4ly•l• ol •xp•ndltur• on Gharltabl• •¢tlvltl••
Summary by fund typo
Unreslrlcted
l￿d8
2023
Total
2023
Charflable actl¥It￿$
68,422
68.422
Vnrestrided
f￿￿$
2022
TotAI
2022
Charilabb aclivtti8$
92,549
92.$49
Page 12

BRITISH PAKISTAN FOUNDATION FOR DEVELOPMENT
IA Gompany Umltod by Guarantael
WOTES TO THE FINANCIAL STATEMeNT8
FOR THE YEAR ENDED31 DECEMBER 2023
An*ly•is of •xpendlturo by a¢tlvltl¢•
G￿t
fundin9 of
aclwit'es
2023
Suppryt
costs
Totol
lund$
2023
2023
Chorilable actfvtile8
13,943
54,479
68.422
Grant
rundln9 01
Support
COBts
Total
fvnd
2022
2022
2022
Charltmble 8divitse$
37.605
92,549
AnAlwih of •upport Go•ts
Total
fundi
2023
Athllie9
2023
Consullancy fees
Awounlancy lees
Office expenses
Other expen8e$
Computer e¥pen$gs
49,153
1.890
1,321
1,386
749
49.153
1.89)
1.321
749
54,479
$4,479
Pagts13

BRITISH PAKISTAN FOUNDATION FOR DEVELOPMENT
IA Company Llmlted by Guarante•l
NOTE5 TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Anatysi8 of •xpendltur• by athltlea l¢ontinu¢dl
Analy•l• of support eO818160ntlnu•dl
Totsl
lunds
2022
Aelivitie$
2022
Con$ullancy fe•B
Accountancy fe88
Office trxpens65
Other 8xp8nS•S
50,301
1,575
2,103
g64
50,301
1,576
2,103
9S4
54,944
54.944
IDd•p•nd•ffl •¥•mln•rf• r•mun•rntlon
Th8 ind8pgn#8nl examiner'i reMl¥￿ra1lon amouTht8 ta an kndepend•nl examlner lao 01 £3.1S012022 .
£3.0001.
Tru•ts••' r•mun•r•don and •xp•n•••
Ourln9 lh• y•ar, no TWIt•￿ rec8lved any remunaralknn or Ot￿r benoflls12022- £NILI.
DurSng the year endéd 31 Decemb•r 2023, no Tru8tee havg been inrJJrr•d12022- ENILI.
¢r•dS¢or•.' Amounts lalllng du• wlthln on• y•ar
20Z3
2022
Olher loan8
Accrual8 and defeff•d income
25.￿0
3,150
3,150
28.ly
The loan Irom ZVM R3ngoDllwala Foundalicn was rep81d kn the year.
Paye 14

BRITISH PAKISTAN FOUNDATION FOR DEVELOPMENT
IA Company Lbmitgd by Guaranto•1
NOTES TO Tme FINANCIAL STATEMENTS
FOR TrIE YEAR ENDED 31 DECEMBER 2023
Fln•nci*l instrument•
2023
2022
FlnanGlal am•¢•
Financial asststs me88ured 41 tsir value Ihrough inceffj• and expandltu
12,457
10.119
Finoncia( 858et$ rn*•&ured &t lalr valu• through incomè and exFen¢Jtturn compli88 cash ind c8sh
•wlYakgnls.
10. Stat•m•nt of lund•
8t•t•m•nt Of fvnd•- curr•nly•ar
BBIBncq al
31
D8camber
2023
B4￿nce 8t I
Jarhuary
2023
In￿rn￿ Expendilure
Unmtvlct•d lund•
General Funds- all fundi
117.8811
95,610
168,4221
9.307
St•l•m•nt of fvnd•- prlor y•ir
8•lane• •1
31
D•cember
2022
Balance $1
1 January
Incomè Expendlture
Unv•JJtrl¢tsd lund•
Ganoral Funds- all fvnds
13,844
60,824
192,5491
117,8811
Page 15

RJTISH PAKISTAN FOUNOATION FOR DEVELOPMENT
IA Company Limlt•d ty Guarantsol
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 DECEMBER 2023
11. An•lysls of not a8$eta between lund•
Analyals of a*sets belween lundD- ¢UTrent year
Unreslri¢ted
funds
2023
Total
lunds
2023
Current ¥$s8ts
Credltor¥ wlthin one year
12.457
13.150)
12.457
13,1501
Tot•1
9,307
9.307
Analy•ls of net ￿••1* b•tsM•n lund•- prfor y•ar
Unresirtcled
funds
2022
Total
funds
2022
Curyent 8$Jel8
Credhor¥ ¢Juo wlthh one year
10,119
128,IX)01
10.119
128,OC#)I
Tot•1
117,8811
117.8811
12. CompAny •latrJ8
Th• Company Is a thate Cory8ny limll811 by guarantee and Consequ￿tlY doe6 have share capital.
Each of the Irusiws 18 liable lo contribute an arn￿￿1 nol exceedlng E1Q lowardj the asset$ of the
Company in the event of liquidation.
IJ. Controllrng party
Th• Company is hmlt•d by guarant•8 and is Controlled by tho board of trustee8.
Page 16