2024-08-31-accounts

CHARITY REGISTRATION NUMBER: 1143725

Ansar Foundation

Unaudited Financial Statements

31 August 2024

Ansar Foundation

Financial Statements

Year ended 31 August 2024

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	3
Statement of financial activities	4
Statement of financial position	5
Notes to the financial statements	6
The following pages do not form part of the financial statements
Detailed statement of financial activities	14

Ansar Foundation

Trustees' Annual Report

Year ended 31 August 2024

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 August 2024.

Reference and administrative details

Registered charity name Ansar Foundation Charity registration number 1143725 Principal office 43 Wychwood Avenue Luton Bedfordshire LU2 7HT

The trustees

Ms Sabah Malik Mr Mohammed Farooq Malik Mr Mohsin Farooq Malik Mr Omar Farooq Ms Shahnaz Farooq Malik Independent examiner Durrani & Co 72 Cardigan Street Luton Bedfordshire LU1 1RR

Structure, governance and management

History, objectives and activities of the Charity

On constitution it was believed the relief of poverty in Kashmir, Pakistan required addressing. The charity began with an initial grant. Both the initial grant and subsequent grants since have been under the terms which allow the trustees to either retain the amounts as capital or to spend them.

Management and Governance arrangements

The constitution provides for a minimum of three trustees. Where there is a requirement for new trustees, these would be identified and appointed by the remaining trustees, subject to the approval by AGM. The chair of the trustees is responsible for the induction of any new trustee which involves awareness of a trustee's responsibility, the governing document, administrative procedures, the history and philosophical approach of the charity. The trustees have taken steps to identify major risks to which the charity is exposed and systems have been established to mitigate those risks.

1

Ansar Foundation

Trustees' Annual Report (continued)

Year ended 31 August 2024

Objectives and activities

The objectives of the charity include;

a) Ensuring the delivery of humanitarian aid directly to those in need

b) Partnership with local charitable organisations including international registered charities to ensure that aid reaches to the most deserving people

c) The relief of financial need and suffering among victims of natural or other kind of disasters in the form of money (or other means deemed suitable) for persons, bodies, organisations and/or countries affected.

Achievements and performance

During the year the charity continued with its high profile charity work. This included:

During the year the Charity continued to complete various projects in Northern Pakistan. The main achievements of the charity during the year was the continuation of building a school for Orphans. The construction and completion will occur in subsequent periods. The aim is to provide free education to the poor and vulnerable. The charity will provide the opportunity for the poor and needy to escape their current predicaments through educating themselves and equipping themselves for a better future.

The charity continued to organise the erection of water pumps and water wells in northern areas where there is a huge shortage of drinking water facilities and the people have to travel miles to fetch water. There was also further expenditure on qurbani and livelihood projects ensuring the poor and needy have suitable supplies for winter and for their wellbeing.

Also there was livelihood support for widows and orphaned young women in terms of the sewing project where they could learn new skills which would enable them to provide themselves.

The charity also continued to build a school for poor children. The school's aim is to provide poor children with education they have not been able to access due to their predicament.

Financial review

The net incoming resources for the year were a gain of £30,954 (2023 - loss of £678). At the end of the financial year the reserves were £227,951 of this £128,693 are restricted funds and £99,258 are unrestricted funds (2023 - reserves were £196,998 of this £97,421 are restricted funds and £99,577 are unrestricted funds). The adequacy of the reserves policy is reviewed annually. The trustees are satisfied that reserves are presently more than adequate to meet future expenditure. The reserves policy is to have reserves available in order to ensure the day to day operation continue into the foreseeable future.

The trustees' annual report was approved on 24 September 2024 and signed on behalf of the board of trustees by:

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Mr Mohammed Farooq Malik Trustee

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Ansar Foundation

Independent Examiner's Report to the Trustees of Ansar Foundation

Year ended 31 August 2024

I report to the trustees on my examination of the financial statements of Ansar Foundation ('the charity') for the year ended 31 August 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Durrani & Co Independent Examiner

72 Cardigan Street Luton Bedfordshire LU1 1RR

3

Ansar Foundation

Statement of Financial Activities

Year ended 31 August 2024

			2024		2023
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	12,157	113,921	126,078	153,562
		────────	─────────	─────────	─────────
Total income		12,157	113,921	126,078	153,562
		════════	═════════	═════════	═════════
Expenditure
Expenditure on charitable activities	5,6	12,476	82,649	95,124	153,963
Other expenditure	7	–	–	–	277
		────────	─────────	─────────	─────────
Total expenditure		12,476	82,649	95,124	154,240
		════════	═════════	═════════	═════════
		────────	─────────	─────────	─────────
Net income/(expenditure) and net
movement in funds		(319)	31,272	30,954	(678)
		════════	═════════	═════════	═════════
Reconciliation of funds
Total funds brought forward		99,577	97,421	196,998	197,676
		────────	─────────	─────────	─────────
Total funds carried forward		99,258	128,693	227,951	196,998
		════════	═════════	═════════	═════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 6 to 12 form part of these financial statements.

4

Ansar Foundation

Statement of Financial Position

31 August 2024

		2024	2023
	Note	£	£
Fixed assets
Tangible fixed assets	12	15,298	1,259
Current assets
Debtors	13	860	–
Cash at bank and in hand		213,424	196,624
		─────────	─────────
		214,284	196,624
Creditors: amounts falling due within one year	14	1,630	885
		─────────	─────────
Net current assets		212,654	195,739
		─────────	─────────
Total assets less current liabilities		227,952	196,998
		─────────	─────────
Net assets		227,952	196,998
		═════════	═════════
Funds of the charity
Restricted funds		128,693	97,421
Unrestricted funds		99,258	99,577
		─────────	─────────
Total charity funds	15	227,951 ═════════	196,998 ═════════

These financial statements were approved by the board of trustees and authorised for issue on 24 September 2024, and are signed on behalf of the board by:

Mr Mohammed Farooq Malik Trustee

The notes on pages 6 to 12 form part of these financial statements.

5

Ansar Foundation

Notes to the Financial Statements

Year ended 31 August 2024

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 43 Wychwood Avenue, Luton, Bedfordshire, LU2 7HT.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

(a) No cash flow statement has been presented for the company.

(b) Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the statement of financial activities.

6

Ansar Foundation

Notes to the Financial Statements (continued)

Year ended 31 August 2024

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

7

Ansar Foundation

Notes to the Financial Statements (continued)

Year ended 31 August 2024

3. Accounting policies (continued)

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles

• 20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

8

Ansar Foundation

Notes to the Financial Statements (continued)

Year ended 31 August 2024

3. Accounting policies (continued)

Impairment of fixed assets (continued)

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

4. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Donations
Donations type 1	–	113,921	113,921
Donations type 2	–	–	–
Gifts
Gifts type 1	12,157	–	12,157
	────────	─────────	─────────
	12,157	113,921	126,078
	════════	═════════	═════════
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Donations
Donations type 1	–	135,807	135,807
Donations type 2	17,755	–	17,755
Gifts
Gifts type 1	–	–	–
	────────	─────────	─────────
	17,755	135,807	153,562
	════════	═════════	═════════

9

Ansar Foundation

Notes to the Financial Statements (continued)

Year ended 31 August 2024

5. Expenditure on charitable activities by fund type

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2024
			£	£	£
	Activity type 1		–	82,649	82,649
	Support costs		12,476	–	12,475
			────────	────────	────────
			12,476	82,649	95,124
			════════	════════	════════
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			£	£	£
	Activity type 1		390	109,451	109,841
	Support costs		44,122	–	44,122
			────────	─────────	─────────
			44,512	109,451	153,963
			════════	═════════	═════════
6.	Expenditure on charitable activities by activity type
		Activities
		undertaken		Total funds	Total fund
		directly	Support costs	2024	2023
		£	£	£	£
	Activity type 1	82,649	–	82,649	109,841
	Governance costs	–	12,475	12,475	44,122
		────────	────────	────────	─────────
		82,649	12,475	95,124	153,963
		════════	════════	════════	═════════
7.	Other expenditure
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2024	Funds	2023
		£	£	£	£
	Loss on disposal of tangible fixed
	assets held for charity's own use	–	–	277	277
		════	════	════	════
8.	Net income/(expenditure)
	Net income/(expenditure) is stated after charging/(crediting):
				2024	2023
				£	£
	Depreciation of tangible fixed assets			3,824	315
	Loss on disposal of tangible fixed assets			–	277
	Foreign exchange differences			(264)	38,361
				═══════	════════
9.	Independent examination fees
				2024	2023
				£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial	statements		885	885
				════	════

10

Ansar Foundation

Notes to the Financial Statements (continued)

Year ended 31 August 2024

10. Staff costs

The average head count of employees during the year was Nil (2023: Nil).

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

11. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

There were no trustee expenses paid for the period ended 31st August 2023.

12. Tangible fixed assets

			Motor
			vehicles
			£
	Cost
	At 1 September 2023		4,804
	Additions		17,863
			────────
	At 31 August 2024		22,667
			════════
	Depreciation
	At 1 September 2023		3,545
	Charge for the year		3,824
			────────
	At 31 August 2024		7,369
			════════
	Carrying amount
	At 31 August 2024		15,298
			════════
	At 31 August 2023		1,259
			════════
13.	Debtors
		2024	2023
		£	£
	Other debtors	860	–
		════	════
14.	Creditors: amounts falling due within one year
		2024	2023
		£	£
	Accruals and deferred income	1,630	885
		═══════	════

11

Ansar Foundation

Notes to the Financial Statements (continued)

Year ended 31 August 2024

15. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
	At
1	September			At
	2023	Income	Expenditure	31 August 2024
	£	£	£	£
General funds	99,577	12,157	(12,476)	99,258
	════════	════════	════════	════════
	At
1	September			At
	2022	Income	Expenditure	31 August 2023
	£	£	£	£
General funds	126,611	17,755	(44,789)	99,577
	═════════	════════	════════	════════
Restricted funds
	At
1	September			At
	2023	Income	Expenditure	31 August 2024
	£	£	£	£
Restricted Fund 1 - desc in a/cs	97,421	113,921	(82,649)	128,693
	════════	═════════	════════	═════════
	At
1	September			At
	2022	Income	Expenditure	31 August 2023
	£	£	£	£
Restricted Fund 1 - desc in a/cs	71,065	135,807	(109,451)	97,421
	════════	═════════	═════════	════════
Analysis of net assets between funds
			Unrestricted	Total Funds
			Funds	2024
			£	£
Tangible fixed assets			15,298	15,298
Current assets			214,284	214,284
Creditors less than 1 year			(1,630)	(1,630)
			─────────	─────────
Net assets			227,952	227,952
			═════════	═════════
			Unrestricted	Total Funds
			Funds	2023
			£	£
Tangible fixed assets			1,260	1,260
Current assets			196,623	196,623
Creditors less than 1 year			(885)	(885)
			─────────	─────────
Net assets			196,998	196,998
			═════════	═════════

16. Analysis of net assets between funds

17. Related parties

There were no related party transactions during the period.

12

Ansar Foundation

Management Information

Year ended 31 August 2024

The following pages do not form part of the financial statements.

13

Ansar Foundation

Detailed Statement of Financial Activities

Year ended 31 August 2024

	2024	2023
	£	£
Income and endowments
Donations and legacies
Donations type 1	113,921	135,807
Donations type 2	–	17,755
Gifts type 1	12,157	–
	─────────	─────────
	126,078	153,562
	─────────	─────────
	─────────	─────────
Total income	126,078	153,562
	═════════	═════════
Expenditure
Expenditure on charitable activities
Charitable donation	–	2,700
Mosque project	8,448	13,717
Housing project	4,934	48,257
Water project	23,934	780
Livelihood and Ramadhan project	23,822	28,038
School project	14,212	8,979
Qurbani project	7,299	7,370
Motor vehicle expenses	806	–
Legal and professional fees	3,092	885
Other office costs	1,023	979
Depreciation	3,824	315
Bank charges	95	95
Foreign exchange gain/loss	(264)	38,361
Sub-contract labour	3,899	3,487
	─────────	─────────
	95,124	153,963
	─────────	─────────
Other expenditure
Loss on disposal of tangible fixed assets	–	277
	────	────
	────────	─────────
Total expenditure	95,124	154,240
	════════	═════════
	────────	─────────
Net income/(expenditure)	30,954	(678)
	════════	═════════

14