Charity number" 1153943 N Nasr Foundation Trustees. report and financlal statements for the year ended 31 October 2023 N Nasr Foundation Contents Page Legal and adminislrative infomialion Trustees report statement of financial activities Balan￿ sheet Notes to the financial slalemenls N Nasr Foundation Legal and admlnlstratlve Information Charity number 1153943 Public address 35 Daytesford Crescent Cheadle Cheshi SK81LQ Trustees Nabeil Nasr Yezi Nasr Nadia Nasr Accountants Ilyas Patel (Accountants) Limited Chartered Certified Accourktanls Soloman House Belgrave Court Caxton Road Fulwood Preston PR2 8BP Report of the trustees for the year ended 31 October 2023 The Iruslees present their report and the financial stalemenls for the year ended 31 October 2023. The trustees who served during the year and up to the dale of Ihis report are as follows:_ Nabeil Nasr Yezi Nasr Nadia Nasr Structure, governance and management N Nasr Foundation, was consliluled on 24th Septembgr 2013 and is registered with the Charity Commission under charity number 1153943. Trustees are appoinled by the Board of TrLAStees. The procedure lo appoint or withdraw a Irustee is in accordance with the conslitulion. There are informal procedures in place for the induction and training of new trustees. The trustees are also encouraged to attend relevant external briefing Iraining courses. The Board of Trustees are responsible for the management ol the risks faced by the charily. Risks are identified, assessed and controls established Ihroughoul the year. Objectives and activities The objectives of the trust as per the Constitution are:. a) to donate funds to support organisaltonslinslilulions internallonally which proV￿e relrJious or otherwise educations lo the poor and needy b} to donate funds to organisationslbodies wh￿h advance religion or provide public servtces cl support and provide funds lo organisalionslinstitutions which relieve sickness and preserve and protect good health dl lo relieve poverty PublK benefrt We have referred to the guldance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. These activities fil within the following descriptions of charitable purposes as set out in the Charities Act, for the benefit of the public=_ a) the advancement of religion b) the advancement of education c} the prevention or relief of poverty Achievements and performance The trust has mainlained its objectives by providing funds to organisalions and inslitullons that provide services to those in need. The trust has also maintained ils duty lo undertake and arrange assessments to ensure Ihal hazards are being properly identrfied and appropriate protective measures are in place lo assist in minimising Ihe possibilily of loss from risk. Periodic rev¢ews lake place lo assess the performance of the systems implemented. Financial review The Irusl's principal funding source FS from voluntary donations. Overheads have remained consistent. The financial situation of the trust continues to be satisfactory. The piesenl level of funding is adequate to support the continuation of the trust and the trustees consider the financial position of the charity to be salisfaclory. Reserves policy l-lie Ii'ii.%lpp.% I:oiisidor Ilio. lv.voil (Il ILssei'ves lo l)e' iiiui'e. tli,111 cioleqiial?. loi Ilie Lhai'ily's nottci%. As Ilie li Lisl Ila iio lii)cgiiei¢?l obligalioiis aiiol ,qliiio¥l l(IOl/n r)1 IiJnLI% rll-o Iise(I IL) siiiiporl olliei- orgaiiisdlions and wl)on Ilicy ,grc4 c?vai1iL ble, il is nol coijsidpi-od iiec.ossai-s' {(] l-Ic4ve A VCS lijr iii-e sel 813-6 nioiilhs ul rLJI)i)iiig Loslb as Il'ler-￿ are ncjne Plans for fiitLiro periods TIILI Ii'iislees plan Io iiitqiiilaiii Ilie Éiclivilios ab 111 Ilr)s1 poriods in oi'iler lo Loiiliiiue lo siipporl olhei. orcjaiii￿aIlQlis Ilidl niee.I 11 ie IriJsl'% (,'hc1rilc1ble objoolives. Statement rjf ti'tigtees, i-espoi)sibilities Tlio ITLJslpe5 al'e Fespc)1isible foi. pi'QPc7ring Ilie frLJslees' ￿}[111clI IRepoi'l and Ihp fiiiaiic181 slalemenls i olf.cordaiice wiilli applicahle l(IbV 8nd Ur)iled lution are included in the accounts as gffts only sold or dIst￿b￿le￿ by the charity. Gfjt5 in kind ftsT use by the charity are included in tho SOFA as ncoming resource5 when re¢&ivable. Donated 5ervl¢e$ and facllltles Thes8 ar8 only included in In¢om*ig r8sources Iwilh an equDiabnt amunl In resources expend$dl whete thB b£nefil lo Iht charity is reasonably quantili8b18, measurable and tTrgleri41, Th8 valu8 plac&d on these resour￿5 Is the e$llmal8d value lo the charily of thè servic& or facility recewed. Volunteer help ThB value of any voluntary help reoived is not licluded in the accounts bul TS des¢rA)&d in the trustees. annu81 repori. Thls ￿ Indudod in the accounts Whe￿ rg¢ewablè. Investment Income Investment gain5 and lo$ses This iiclude5 atly gain or fo5$ on th* salo of investments and any g8ln or ￿sS r8sulling froFn revalulng inv681ments lo mark8t v8lu£ al the end of th8 yfrar. EXPENDITURE AND LIABILITIES LlabllSty reGognitlon Liabilities are recognised as soon as there is a legal or¢onslructiv8 obltqatK>n comnutling the charily to pay out resources. InGlude ¢osls of Ihe p¥eparation and Bxarnination of statutory accounts. Ihe costs of tnJsle& m$$lM)gs and cost of any legal advicè to Irusle8s on gOverna￿0e or conslilulional mallers. Where Ihe £harity gives a grant with conditKins for Its paymanl baing a specific level of soWIC8 01 oulpul lo be provided, such grants ar8 only recognised in the SOFA once lh8 recipi8nt of the grant has Prov￿ed the spe¢il¢d $tsrvice oroulput. These 21& only rgcognBed ITE the accoun15 when a comnilmenl has been tnade and there are no ¢ondilions lo be mel relalifig to the grant which remain in the cont￿1 of the chaTrly. Support cosls inrludB central funGltins and have been allocat8d to 8Ctivily cost cale9ories on a basis wnsislenl wqlh the use of resources, eg alo¢aling property costs by fitsorarèas. or pei apits, 81%lf costs by the timè spsnl and other costs by their usagÈ. GovernancB G05ts Grants wlth perlorniancè ¢ondltlons Grants payable wlthout pèrformance condltlon5 Support Costs ASSETS Tangible fixed assets for use by charlty Investmenfs TbÈsè are eapllalis8d if they Gan be used for mr8 than one year, and GQSI at leasl £500. They are valueil at ci)sÉ Dr a re3sonablÈ valu& on receipt. Inv&slments quoted on a recognised stock exchan9e are valued al mad(81 value al the yeaT end. Other inveslrfftnt as88ts are included al ITU51ees' bost tsl¥n8le of rnarkttt val￿e sto¢ks and work In wogress ThBsE are valued al the lower of ¢osl or mark&t value. POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE Section C Notes to the accounts Icontl Notè 3 Analysls of incoming resources Incomlng resources m8y be furtheranalysed If thls would help th• readerol the accoun¢$. Thls y8ar Last year Anal sis Voluntary Income Dc￿atbrn$ Total 40.QOD 16,725 Actlvltles for generating funds Total Investment Income Total Incomlng resource8 from ¢haritable activit1•5 Total Section C Notes to the accounts (conti Note 4 Analysis of resources expended Resources expended moy be further analysed if thls would help th8 reader of the accounts. Thls year Last year Anal SIS Costs of generatlng voluntary Income Total Fundralslng tradlng osts Total Investment management costs Total Charltable a¢tlvlties Donations Hurnan Donaiions other 34,900 Total 82,552 113457 Governance costs Accountanc Bank char es 145 Total Section C Notes tothe accounts (cont Note 5 Support Costs Please complete this note if the charlty has analysed its expenses using activity Gategorles and has support costs. Fundraising activlty Charltable Activity Governan¢e Actlvity Total Cost Su ort Cost t Total Note 6 Detalls of certain items of expenditure 6.1 Trustee expenses Please provlde detalls of the amount of anypayment or reimbursem8nt of out-of-pocket expenses made to trustees or to thiTrd partles for expenses Incurred by trustees. If no expenses were paid, please enter'None' in the approprlale box(es). This year Last year Nurnber of trustees who were paid expenses Nature of the expenses Total amount paid 6.2 Fees for examination or audit of the accounts Please provlde details of the amount pald for anystatutory external scrutiny of accounts and other seThlees provided by your independent examiner oraudiTtor. If nothlng was paid please enter NONE ffn the appropriate This year Last year Independent examlner's or auditors. fees for reporting on the accounts Other lees (for example". advice, consultancy, accountancy seNicesl paid to the independent examlner or auditor 1122 1122 NONE NONE Section C Notes to the accounts (cont) Note 7 Paid employees Please complete this not8 if tho charity has any employees. 7.1 staff Costs Thls year Last year Gross wages, salarles and beneflts In klnd Employer's Natlonal Insurance costs Penslon costs Total staff Costs 7.2 Average number of full-tlme equivalent employees In the year This year Number Last year Number The parts of the charity in whiGh the employeès work Total 7.3 Deflned contribution penslon scheme Please complete rf8 defined contrlbutlon pension scheme Is o Brlef details of the schem erated. Thls year Last year ThÈ costs of the scheme to the charity for tho y&ar The amount of any contrlbutlons outstanding at the yèar end Th8 amount of any contrlbutlons prepaid at the year end Section C Notes to the accounts (cont) Note 8 Grantmaking Please complete thls noto If the charity made any grants or donations whleh In aggregate fom) a matgrial part of the charltable actlvltles undertaken. 8.1 Total value of grants Grants to institutlons Total amount £ Grants to individuals Total amount £ Pur ose for which rants made Total 8.1 Grantmaking costs If the charlty's accounts are prepared on the "actiVJTty basis" please give detaff15 of any support cost associated wlth grantmaklng. Please enter"Nll" if the charity does not Idontlfy and/oralJocate support Gosts. Support costs of grantmaking 8.3 Grants made to institutions the charlty has made grants to partlcular institutlons that are material In the Gontext of its grantmaklng please glve details of the Institutlon supported, purpose of the grant and total pald to eaGh Instllutlon Ilsted. Sufficlent Information should be Iven to rovide a reasonable understandin of the ran e of institutlons su orted. Total amount of rants aid£ Names of institutions Purpose Total grants to Instltutlons Section C Notes to the accounts (contl Note 9 Tangible fixed assets Please complete this note If the charlty has any tanglble flxed assels 9.1 Cost or valuatlon Freehold lanrl & bulldlngs Other land & buildlngs Plant, machinery and motor vehicles Flxtures, flttlngs and equlpment Payments on account and assets under constructlon Total Balance brought lorward Additlon8 Revaluations Disposals Transfers Balance carried forward 9.2 Accumulated depreciation and impalrment provlslons 'Basls SLorRB SLorRB SLorRB SLorRB SLorRB Rate Balance brought forward Depreciation charge for year Impalrment provisions Revaluations Disposals Transfers. Ba￿nce carried forward 9.3 Net book value Brought forward Carried fonmard 9.4 Revaluation If any fffxed assets have been revalued please glve details of the valuerand method of V*71uation The Yransfors- row is for movem&nts between fixed asset Categor￿S. ' Please indiGatÈ the method of depreciat￿￿ by deleling the method not applicable (SL - slraighl line,. RB = reducrng balance)- Also please indicato Ihe rale of depreciat￿￿.. for Stra￿h1 lin6. what is the anliGipaled life of th8 asset (in ye8rs),' for reducing balance. what is the percentag8 annual deduction. Sèction C Notes to the accounts {contl Note 10 Investment assets Plgase complete this note if the charlty has any investment assets. 10.1 Fixed assets investments Carrying Imarketl value al beginning of year Add.. additions to investments al cost Less= disposals al carrying valu@ Addlldeductl.. nel gainlllossl on revalualK>n Carrying Imarkel} value al end of year Please provide below.. 10.2 A breakdown of the market values of investments shown above agreeing wlth tho balance sheet row BO3. 10.3 A breakdown of thg Income from Investments agreeing with SOFA row SO3. Analysis of investments 10.2 Market value at year end 10.3 Income from investments for the year Investment properties Investments Ilsted on a recognised stock exchange or held in common invèstment funds, open ended Investment Companies, unit trusts or other ¢ollectivo Investmant schemes Investmants In subsidiary orconnected undertakings and companles Securitigs not listed on a recognised Stock Exchange Cash held as part of the investment portfollo other investments Tolal 10.4 Matorial investment holdings If any single Investment 15 wnalerial in torms of its value (for exampl8 reprnsents more than 5 per cent of the value of the ¢harity'5 total investments) please provide details. Investment held Market Value 14 Section C Notes to the accounts {contl Note11 Debtors and prepayments Please complete thls note If the charity has any debtors or ments. Amounts falllng due within one year Thls year Last year Analysis of debtors Amounts falling due after more than one year Thls year Last year Trade debtors Amounts due from subsldlary and assoclated undertakings otherdebtors Prgpayments and accrued Income Total Note 12 Creditors and accruals Pleasè complete thls note If the charlty has any G￿ditOrS or accruals. 12.1 Analysis of creditors Amounts falllng due wlthln one year Thls year Last year Amounts falling due after more than one year This year Last year Loans and overdrafts Trade credltors Amounts due to subsidiary and assoclated undertaklngs other creditors 8,562 1,122 9.684 7.440 Accruals and doferred income Total 8,562 12.2 Security over assets If any loan, overdraft or other credltor holds a charge or othersecurity over any assets of the charityplease provide detalls. Section C Notes to the accounts (conti Note 13 Endowment and reslricted income fund5 Please complete this section If the Gharity has any endowment or restricted Income funds. 13.1 Funds held Please glve a brlef description of any of the followlng type of funds held by the charity- pemianent endowment funds {PE},' expendable endowment funds {EE)', and restricted income funds, includlng speclal trusts, of the charity IRI- Type PE, EE orR Purpose and Restrlctions Fund Name 13.2 Movement5 of major funds Please glve details of the movements of the major funds summarised in the restricted and endowment columns of the Statement of Flnancial Activities. Fund balances brought fO￿ard Fund balances carried fonmard Incomlng resources Outgoing resources Gains and losses Trdnsfers Fund names Total Funds 13.3 Transfers between funds Please give detalls of any transfers between funds. From Fund {Name To Fund Namel Reason Amount 16 Section C Notes to the accounts (contl Note 14 Transactions wlth related parties If the charity has any transactlons with related parties (other than the trustee expenses explalned in note 6) dptails of such transactions should be provlded In this note. If there are no transactions to report. please enter"None" in the relevant boxes. 14.1 Remuneratlon and beneflts Please glve the amount of, and legal authority for, any remuneratlon or other benefils paid to a truste• or other relatedparties by the charlty or any inslitution or company connected with it. Amounts pald or benef It value Name of trustee or connected party Legal authority (eg order, goveming document) Thls year Last yoar 14.2 Loans Please giTve detaiTls of ènd amounts owlng to or from the charity's trustees or other relaled parties by the ¢haft7ty at the year end. Amount owing This year Last year Namè of trustee or conneeted party Legal authority Due to trustees and rolatod parties Due from truslees and relatgd parties 14.3 other transactlon{sl with trustees or related partles Please give details of any transaGtion undertaken by (or on behalf ofj the charlty In whlch a tmstee orrelated party has a material interest. Name ol the trustge or related art Description of the transaction This yèar Last year Relationshl to charlt ection C Notes to the accounts (cont} ote 15 Additional Disclosures "he following are significant matter5 which are not covered in other notes and need to be included to provide I pyoper understanding of the accounts. If there is insufficient room here, please add a separate sheet.