GHAZALI EDUCATION TRUST (UK) LIMITED
TRUSTEES' REPORT & FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2023 CHARITY REGISTRATION NO: 1142618 COMPANY REGISTRATION NO: 07439650
GHAZALI EDUCATION TRUST (UK) LIMITED
CONTENTS
| Page | |
|---|---|
| Trustees and Professional Advisors | 1 |
| Trustees Report | 2 - 3 |
| Independent Review | 4 |
| Receipts and expenditure account | 5 |
| Balance Sheet | 6 |
| Notes to the accounts | 7 |
GHAZALI EDUCATION TRUST (UK) LIMITED
TRUSTEES AND PROFESSIONAL ADVISORS
TRUSTEES:
Mr. Syed Shaukat Ali Mr. Syed Aamir Mahmood Mr. Sohail Zarrar Mr. Maqsood Anwar
BUSINESS ADDRESS:
66A Station Parade Barking, England IG11 8EA
BANKERS:
BARCLAYS BANK 1 Churchill Place London E14 5HP
ACCOUNTANTS:
Zaheer and Company 63 Kingsway Burnage Manchester M19 2LL
Page 1
TRUSTEES' REPORT
The trustees (management committee members) present their Report and the Financial Statements for the year Ended 30 November 2023.
Status
The Ghazali Education Trust (UK) Limited is a registered charity under the charity number 1142618. It has no taxable activities and is therefore not liable to UK taxation. It is, however, unable to reclaim VAT on expenditure incurred.
Company Registration No. 07439650 Charity Registration No. 1142618
Trustees
The trustees who held office during the year were as follows:
Mr. Syed Shaukat Ali
Mr. Syed Aamir Mahmood
Mr. Sohail Zarrar
Mr. Maqsood Anwar
Bankers
BARCLAYS BANK 1 Churchill Place London E14 5HP
Accountants
Zaheer & Co , Registered Auditors , 63 Kingsway , Burnage, Manchester,M19 2LL
Auditors
Zaheer & Co, Registered Auditors, 63 Kingsway, Burnage, Manchester, M19 2LL.
Principal Activities
The objectives of the charity are the advancement of education and relief of poverty in Pakistan and in the Pakistani community in the UK. The charity has been actively pursuing these objectives.
A number of fund raising events were organised during the year, where the focus was to impact education, knowledge along with donation collection.
The trustees confirmed that their decision making and running of the charity is to provide public benefit. They have full regard to relevant guidelines issued by Charity Commission
Organisational Structure
The charity is a limited company by guarantee and is not profit making. The trustees are responsible for the overall management and control of the charity.
Page 2
Risks
The trustees have taken steps to establish the risks to which the charity is exposed and have put systems in place to mitigate those risks.
Review of the Results
The trustees consider that the results set out on pages 5 to 7 are satisfactory. They are of the opinion that the balance on the funds is sufficient to meet any future commitments.
Fixed Assets
The fixed assets are depriciated and currently there is no fixed assets
Trustees Responsibilities
Charity law requires the trustees to prepare accounts for each financial year (or other accounting period) which give a true and fair view of the state of affairs of the Company and of its surplus or deficit for that year. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonably prudent;
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prepare accounts on a going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the accounts comply with the Charity Act 1993. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In preparing the above report, the trustees have taken advantage of special exemptions applicable to small companies.
Signed on Behalf of the Board:
Signed-----------------------------------------------------------Trustee
Date:-
Page 3
INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF GHAZALI EDUCATION TRUST (UK) LIMITED
We report on the accounts of the Ghazali Education Trust (UK) Limited, registered charity number 1142618 for the accounts period ended 30th November 2023 set out on pages 5 to 7.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's trustees are responsible for the preparation for the accounts. The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is our responsibility to:
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examine the accounts (under section 43(3)(a) of the 1993 Act)
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act); and
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to state whether particular matters have come to our attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT:
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
INDEPENDENT EXAMINER’S STATEMENT:
In connection with our examination, no matter has come to our attention;
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(1) which gives us reasonable cause to believe that in any material respect the requirements
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. to keep accounting records in accordance with section 41 of the Act; and
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. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
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(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr. Farroukh Zaheer (FCCA)
Zaheer and Company
Chartered Certified Accountants and Registered Auditors 63 Kingsway Burnage Manchester M19 2LL Date: Page 4
GHAZALI EDUCATION TRUST (UK) LIMITED RECEIPTS AND EXPENDITURES ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2023
| Notes RECEIPTS 1 EXPENDITURES 2 NET INCOME / LOSS FOR THE YEAR BALANCE BROUGHT FORWARD BALANCE CARRIED FORWARD |
£ £ Restricted Un-restricted - 118,369 - 118,369 88,299 - 88,299 - 30,070 61,176 - 91,246 2023 |
£ £ Restricted Un-restricted - 76,178 - 76,178 63,564 - 63,564 - 12,614 48,562 - 61,176 2022 |
|---|---|---|
Page 5
GHAZALI EDUCATION TRUST (UK) LIMITED BALANCE SHEET AS AT 30 November 2023
| Notes CURRENT ASSETS Cash at bank 3 CURRENT LIABILITIES Creditors 4 NET CURRENT ASSETS NET ASSETS CAPITAL AND RESERVES Reserves b/f Income of receipts over expenditure for the year |
£ £ £ Restricted Un-restricted - 114,385 - 114,385 - 23,139 - 23,139 - 91,246 - 91,246 - 61,176 - 30,070 - 91,246 2023 |
£ Restricted - - - - - - - - - |
£ £ Un-restricted 62,106 62,106 930 930 61,176 61,176 48,562 12,614 61,176 2022 |
|---|---|---|---|
I approve there accounts and confirm that there trustees have made available all the information and explanations for their preparation.
Signed---------------------------------------------------------------------Trustee
Date:-
Page 6
GHAZALI EDUCATION TRUST (UK) LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2023
| Note: 1 Donations Income from donations were accounted for on a receipt basis. Note: 2 Events Promotions Hall booking & Catering Travel & subsitance Charitable expenditure Postage, printing, and stationery Wages & Salaries Accountancy fees Credit card & Bank charges Advertising Telephone & Internet Other Legal and professional Note: 3 Fast Pay Bank Account Note: 4 Ukim Accruals |
Restricted | Un-restricted 118,369 118,369 Un-restricted 14,000 41,900 - 150 - 27,006 930 2,245 712 413 943 88,299 2023 28,270 86,114 21,279 1,860 2023 2023 |
Restricted |
Un-restricted 76,178 76,178 Un-restricted 6,349 32,201 5,890 2,495 835 12,000 930 2,487 - 376 - 63,564 2022 - 62,106 - 930 2022 2022 |
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Page 7