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||CONTENTS||
|---|---|---|
|Contents|||
|Charity information|||
|Trustees annual report||4-5|
|Independent
auditor's|report|6-8|
|Statement offinancial|activities||
|Balance sheet||10|
|Statement ofcash flows|||
|Notes to the financial|statements|12-14|
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|Registered|charity|name|The Habib University|Trust|Trust||||
|---|---|---|---|---|---|---|---|---|
|Charity registration||number|1152151||||||
||||Charity Commission|England|||and Wales||
|Principal|office||Habib House||||||
||||42 Moorgate||||||
||||London||||||
||||EC2R6JJ||||||
|Trustees|||Charles Dorsey Mackay||||||
||||James Caen||||||
||||Iqbal Mohammed
Kadwani|||(resigned||19May 2023)|
||||Syed Kausar Kazmi||||||
||||Shahrukh
Jumani (resigned|||29|June 2022)||
||||Faheen Habib||||||
||||Asif Rangoonwala(appointed||||29 June|2022)|
||||Murtaza Jessa (appointed||1|April 2023)|||
|Auditors|||KKAssociates||||||
||||Chartered
Accountants|and||Registered||Auditors|
||||305 Crown House, Park Royal||||||
||||North Circular Road||||||
||||London||||||
||||NW10 7PN||||||
|Bankers|||Habib Bank AG Zurich||||||
||||142Wigmore Street||||||
||||London||||||
||||W(U 3SH||||||
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||YE|AR ENDED 31|MARCH 202|3||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|Total Funds|
|||Funds|Funds|2023|2022|
||||||f|
|INCOME AND||||||
|ENDOWMENTS FROM:||||||
|Donations
and legacies|2||18,275|18&275|52,990|
|Investments|3||9,058|9,058|3,631|
|TOTAL INCOME|||27P33|27@33|56,621|
|EXPENDITURE ON:||||||
|Raising funds||(1472)||(1,272)|(774)|
|Charitable
activities||(2,014)||(2,014)|(2,000)|
|TOTALEXPEND~||(3486)||(3486)|(2,774)|
|NET INCOME/||||||
|(EXPENDITURE)||(3,286)|27,333|24,047|53,847|
|OTHER RKCOGNISED||||||
|GAINS/(LOSSES)|4||35,587|35,587|25,190|
|NKT MOVEMENT IN FUNDS||(3,286)|62,920|59,634|79,037|
|RECONCILIATION|OF|||||
|FUNDS:||||||
|Total funds brought
forward||26,707|1404/91|1,330,998|1,251,961|
|TOTAL FUNDS CARRIED||||||
|FORWARD|8,9|23,421|1/67&211|1,390,632|1,330,998|
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|||||2023||2022|
|---|---|---|---|---|---|---|
||||stote|||f,|
|CURRENT ASSETS|||||||
|Debtors|||6|7,775|||
|Cash at bank and in hand||||1385~7||1,333,39$|
|||||1493432||1,333,3og|
|CREDITORS: Amounts|falling dne within|one|||||
|year|||7|(2,400)||(2,400)|
|NFT CURRENT ASSETS|||||1490,632|1,330,99g|
|TOTAI
ASSETSLESS|CURRENT LIABILITIES||||1490,632|1.330,998|
|TOTAL NET ASSETS|||10||Ir390,632|1,330,998|
|FUNDS OFTHE CIIARITY|||||||
|Restricted
income funds|||||1/67,211|1,304.291|
|Unrestricted
income funds|||||23,421|26,707|
|TOTAI, CHARITY FUNDS|||to||1490,632|L330,990|
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||||2022|2021|
|---|---|---|---|---|
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|Cash tlovrs from operating||activities|||
|Net income|||24,047|53,847|
|Adjustments for:|||||
|Foreign currency (losses)/gains|||35,587|25,190|
|Other interest receivable
snd||similar income|(9,058)|(3,631)|
|Changes in:|||||
|Trade and other|debtors||(7,775)||
|Trade and other|creditors|||(2,000)|
|Cash generated|from operations||42,801|73,406|
|Interest received|||9,058|3,631|
|Net cash from operating
activities|||51,859|77,037|
|Net increase in|cash and cash equivalents||51,859|77,037|
|Cash and cash|equivalents|at beginning ofyear|1833,398|1,256,361|
|Cash and cash|equivalents|at end ofyear|1/85,257|1,333,398|
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|2.|DONATION
AND LEGACIES|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|Total Funds|
|||Funds|Funds|2023|2022|
||Donations|||||
||Donations||18,275|18475|52,990|
||Gift Aid|||||
||||18&275|18)275|52,990|
||||Restricted|Total Funds|Total Funds|
||||Funds|2023|2022|
|3,|INVESTMENT INCOME|||||
||Bank interest income||9,058|9,058|3,631|
||||9,058|9,058|3,631|
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|||Restricted|Total Funds|Total Funds|
|---|---|---|---|---|
|||Funds|2023|2022|
|4.|OTHER RECOGNISED GAINS/(LOSSES)||||
||Foreign currency (losses)/gains|35,587|35,587|25,190|
|||35,587|35,587|25,190|
|5,|CHARITAB|LE A|CTIV|ITIES|||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total Funds|Total Funds|
||||||Funds|Funds|2023|2022|
||Charitable|expenditure||in education|||||
||sector||||||||
||Governance|costs|- Bank charges||14||14||
||||- Audit fees||Z,000||2,000|2,000|
||||||2,014||2,014|2,000|
|6.|DEBTORS||||||||
||||||||2023|2022|
||Gill Aid receivable||||||||
||Other debtors||||||7,775||
||||||||7,775||
|7.|CREDITORS: Amounts|||falling due|within one year||||
||||||||20Z3|2022|
||Accrusls||||||2,400|2,400|
||||||||2,400|2,400|
|UNRESTRI|CTED INC|OME FUNDS||||
|---|---|---|---|---|---|
|||Balance at|Incoming|Outgoing|Balance at|
|||31Mar Z022|resources|resources|31March 2023|
|Unrestricted|funds|26,707||(3/86)|23,421|
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||YEAR ENDED 3|YEAR ENDED 3|YEAR ENDED 3|1 MARCH 2023|||
|---|---|---|---|---|---|---|
|9.|RESTRICTED INCOME FUNDS||||||
||||Balance at|Incensing|Outgoing|Balance at|
||||31Mar 2022|resources|resources|31March 2023|
||Education||1@04/91|621920||1,367411|
|10.|SUMMARY OFASSETS||AND LIABILITIESOFEACH CATEGORY OFFUNDS OF||||
||THE CHARITY||||||
||||Unrestricted|||Total|
|||||Funds||Funds|
|||||2023f||2023|
||Debtors||||||
||Cash at bank and|in hand||25,821|1@67,211|1493,032|
||Creditors (falling||||||
||due within|one year)||(2,400)||(2,400)|
||Net assets|||23,421|1367,211|1,390,632|
||Unrestricted
funds|||23,421||23,421|
||Restricted
funds||||1@67&211|I@67,211|
||Total charity funds|||239421|1467,211|1,390,632|
||||Unrestricted||Restricted|Total|
|||||Funds|Funds|Funds|
|||||2022|2022|2022|
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||Debtors||||||
||Cash at bank and|in hand||29,107|1,304,291|1,333,398|
||Creditors (falling||||||
||due within|one year)||(2,400)||(2,400)|
||Net assets|||26,707|1,304,291|1,330,998|
||Unrestricted
funds|||26,707||26,707|
||Restricted funds||||1,304,291|1,304,29l|
||Total charity funds|||26,707|1,304,291|1,330,998|