Registered Charity Number :- 1145499
M. NAZIR EDUCATIONAL TRUST
TRUSTEES’ REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR END 31 March 2024
M. Nazir Educational Trust 123 Claude Road London 02085563912 m_nazir_edtrust@yahoo.co.uk
CONTENTS
M. NAZIR EDUCATIONAL TRUST
FOR THE YEAR ENDED 31 March 2024
TRUSTEES' REPORT ....................................................................................................................................................... 3 INDEPENDENT EXAMINER'S REPORT ....................................................................................................................... 6 STATEMENT OF FINANCIAL ACTIVITIES ................................................................................................................ 7 BALANCE SHEET ........................................................................................................................................................... 8 NOTES TO THE FINANCIAL STATEMENTS .............................................................................................................. 9
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TRUSTEES' REPORT
M. NAZIR EDUCATIONAL TRUST
FOR THE YEAR ENDED 31 March 2024
Annual Trustees Report
Please provide the following details for M.Nazir Educational Trust trustees report, for the year ended 31-032024:
Reference and Administration Details
Registered Charity Number - 1145499
Charity's Principal Address - 123 Claude Road, Leyton, Lomdon, E10 6NF
The following were the trustees who held office during the year:
-
Zeenat Ali
-
Javed Akbar Khan
-
Dr Shaukat Nawaz Khan
-
Liaqat Ali
Structure, Governance and Management
Description of the Charity's Trusts
The Charity is governed by a Trust Deed constituted by a Trust. The trustees are appointed by a majority resolution of the Trustees passed at a special meeting.
1. Objectives
· To give children the skills and support to have an improved and better life, allowing them to become active members in society.
· To provide basic needs to the poor and needy in the local vicinity of Chakwal.
· To provide food, clothing, shelter, education and healthcare to children from poverty-stricken areas in Chakwal, Pakistan. Provide sports and recreational opportunities for poor children.
Activities
M Nazir Educational Trust provides free food, clothing, shelter, health checks and education daily to around 100 children.
After school clubs for local children from poor backgrounds.
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M. NAZIR EDUCATIONAL TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 March 2024
Teaching Skills including, sports, games, youth clubs, sewing, cooking, writing, drama, religious learning to help build their confidence and develop their thinking and skills.
Hot Meals are prepared during special occasions and holidays.
Meat is distributed to families who cannot afford meat.
Food packs are to be given to the poor and needy in the local area who cannot afford basic food to live and survive.
Water pumps and wells are built for poor families who don’t have access to clean water.
2. Achievement and Performance
Ramadan – 550 food packs distributed to the poor and needy families in the local area, who could not afford food.
Free iftar meals for the poor and needy families who fast during the month of Ramadan, in the local area. 500600 boxes a day for 1 whole month.
Distribution of meat amongst 700 families on Ramadan.
Eid shopping trips with all the children to local mall and then a trip to the local park where and a special meal was prepared by a local restaurant.
Solar panels were installed at M Nazir Trust. Two students’ mehndi function (pre wedding) celebrated at M Nazir Trust.
4320 families received 2kg meat bags - Meat distribution to poor and needy families from Qurbani.
86 children received free education all year.
50 children come daily after school, to build on a skill. These include - games club, sewing, cooking, trampolining, swimming, sports including, cricket, football and basketball.
30 children learnt how to sew and were awarded sewing machines and certificates. They were able to sew their own traditional clothes.
Children performed plays at the annual presentation.
3. Financial Review
We don’t keep any money in reserves. Income and expenditure is all done via our business account.
4. Future developments
Planning to build a sports hall for the girls to enjoy sports.
Invest in some farming and animals to access fresh milk for the girls at M Nazir.
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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 March 2024
M. NAZIR EDUCATIONAL TRUST
5. Statement of Trustees Responsibilities
The trustees are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011.
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M. NAZIR EDUCATIONAL TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 March 2024
Independent Examiners Report to the Accounts
Charity No. 1145499
Respective Resonsibilites of Trustees and Examiner
The Charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is mot required for this year under section 42(2) of the Charities Act 1993 (the 1993 Act) and that an indepedent xamination is needed.
Its is my responsibilty to:
Examine the accounts under section 43 of the 1993 Act 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 To state whether particular matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination was carried out in accordance with general directions given by the examination. An examination include a review of 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 the trustees concerning any sich matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present 'true and fair' view and the report is limted to those matters set out in the statement below.
Independent Examiner's Statement
In conneection with my examination, no matter has come to my attention
-
Which gives me reasonable cause to belive that in, any material respect, the requirements, to keep accounting records in accordance with section 41 of thr 1993 act; and to prepare accounts which accord with the accounting records anf comply with the accounting requirements of the 1993 act have not been met: or
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Name: M. Omair Ahmed
Professional qualification body: MAAT
Date: January 31, 2025
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STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 March 2024
M. NAZIR EDUCATIONAL TRUST
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Total Expenditure on: Charitable activities 4 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ Total Funds 2024 £ Total Funds 2023 £ 39,645.14 39,645.14 49,659.01 30,612.00 30,612.00 32,924.00 |
|---|---|
| 70,257.14 70,257.14 82,583.01 |
|
| 55,560.00 55,560.00 74,345.00 |
|
| 55,560.00 55,560.00 74,345.00 |
|
| 14,697.14 14,697.14 8,238.01 |
|
| 14,697.14 14,697.14 8,238.01 8,238.01 8,238.01 - |
|
| 22,935.15 22,935.15 8,238.01 |
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M. NAZIR EDUCATIONAL TRUST
BALANCE SHEET
FOR THE YEAR ENDED 31 March 2024
| Recommended categories by activity Notes Current assets Debtors Cash at bank and in hand 6 Total current assets Net current assets/(liabilities) Total net assets or liabilities Funds of the Charity Unrestricted funds 7 Restricted income funds 7 Endowment funds 7 Revaluation reserve Total funds |
Unrestricted funds £ Total Funds 2024 £ Total Funds 2023 £ 150,000.00 150,000.00 - 17,453.59 17,453.59 152,756.45 167,453.59 167,453.59 152,756.45 167,453.59 167,453.59 152,756.45 |
|---|---|
| 167,453.59 167,453.59 152,756.45 |
|
| 22,935.15 22,935.15 8,238.01 - - - - - - 144,518.44 |
|
| 22,935.15 22,935.15 152,756.45 |
The financial statements were approved by the Board on 03-Feb-2025 and signed on its behalf by:
Zeenat Ali Trustee
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M. NAZIR EDUCATIONAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
1 Accounting Policies
1.1 Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.2 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “Accounting and Reporting by Charities: 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)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.3 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
2 Income from Donations and Legacies
| Analysis Donation and gifts Ramadhan |
Unrestricted funds £ 29,317.68 10,327.46 39,645.14 |
Total funds 2024 £ 29,317.68 10,327.46 39,645.14 |
Total funds 2023 £ 15,956.00 33,703.01 |
|---|---|---|---|
49,659.01 |
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NOTES TO THE FINANCIAL STATEMENTS
M. NAZIR EDUCATIONAL TRUST
FOR THE YEAR ENDED 31 March 2024
3 Income from Charitable Activities
| Analysis Orphanage |
Unrestricted funds £ 30,612.00 30,612.00 |
Total funds 2024 £ 30,612.00 30,612.00 |
Total funds 2023 £ 32,924.00 32,924.00 |
|---|---|---|---|
4 Expenditure on Charitable Activities
| Analysis Bank charges Cost of services Donations Legal/professional fees |
Total funds 2024 £ 90.00 150.00 55,320.00 - 55,560.00 |
Total funds 2023 £ 45.00 - 74,000.00 300.00 |
|---|---|---|
| 74,345.00 |
5 Debtors: Amounts falling due after one year
| Other debtors | Total funds 2024 £ 150,000.00 150,000.00 |
Total funds 2023 £ - - |
|---|---|---|
6 Cash at bank and in hand
| Total funds 2024 £ Cash at bank and on hand 17,453.59 17,453.59 |
Total funds 2023 £ 152,756.45 |
|---|---|
152,756.45 |
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NOTES TO THE FINANCIAL STATEMENTS
M. NAZIR EDUCATIONAL TRUST
FOR THE YEAR ENDED 31 March 2024
7 Charity funds
7.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names | Fund balances brought forward |
Income | Expenditure | Transfers | Gains and losses |
Fund balances carried forward |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Unrestricted funds | ||||||
| General Fund | 8,238.01 | 70,257.14 | (55,560.00) | - | - | 22,935.15 |
| Total | 8,238.01 | 70,257.14 | (55,560.00) | - | - | 22,935.15 |
| tails of material funds held and movements during the | PREVIOUS reporting perio | |||||
| Fund names | Fund balances brought forward |
Income | Expenditure | Transfers | Gains and losses |
Fund balances carried forward |
| £ | £ | £ | £ | £ | £ | |
| Unrestricted funds | ||||||
| General Fund | - | 82,583.01 | (74,345.00) | - | - |
8,238.01 |
| Total | - | 82,583.01 | (74,345.00) | - | - |
8,238.01 |
7.2 Details of material funds held and movements during the PREVIOUS reporting period
7.3 Transfers between funds This Year
| Amount | ||
|---|---|---|
| £ | ||
| Between unrestricted and restricted funds | - | |
| Between endowment and restricted funds | - | |
| Between endowment and unrestricted funds | - | |
| Last Year | ||
| Amount | ||
| £ | ||
| Between unrestricted and restricted funds | - | |
| Between endowment and restricted funds | - | |
| Between endowment and unrestricted funds | - |
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