Charlty number: 1153943 N Nasr Foundation Trustees, report and flnanclal statements for the year ended 31 October 2024 N Nasr Foundatlon Contents Page Legal and administrattve information Trustees report Statement of flnancial activities Balance sheet Notes to the financial statements 6-18 N Nasr Foundation Legal and administrative infomiation Charity number 1153943 Publlc address 35 Daylesford Crescent Cheadle Cheshire SK8 1LQ Trusteès Nabeil Nasr Yezi Nasr Nadia Nasr Accountants Ilyas Patel (Acc£)untantsl Limited Chartered Certified Accountants Soloman House Belgrave Court Caxton Road Fulwood Preston PR2 8BP Report of the trustees for the year ended 31 October 2024 The trustees present their report and the financial statements for the year ended 31 October 2024. The trustees who served during the year and up to the date of this report are as follows:_ Nabeil Nasr Yezi Nasr Nadia Nasr Structure, governance and managernent N Nasr Foundatron, was constituted on 24th September 2013 and is registered with the Charity Commission under charity number 1153943. Trustees are appointed by the Board of Trustees. The procedure to appoint or withdraw a trustee is in accordance with the constitution. There are informal Pr￿edureS in place for the induction and training of new trustees. The trustees are also encouraged to attend relevant external briefing training courses. The Board of Trustees are responsible for the management of the risks faced by the charity. Risks are identified, assessed and controls established throughout the year. Objectlves and activities The objectives of the trust as per the Constitution are:. a) to donate funds to support organisationslinstitutions internationally which provide religious or otherwise educations to the poor and needy b) to donate funds to organisationslbodies which advance religion or provide public services c) support and provide funds to organisationslinstitutions which relieve sickness and preserve and protect good health d) to relieve poverty Public ben8fit We have referred to the guidance contained in the Charity CommisS￿n'S general guidance on public benefit when reviewing our aims and objectives and in planning our future activilies. These activilies fit 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 maintained its objectives by providing funds to organisations and inSt￿ut￿OnS that provide services to those in need. The trust has also maintained its duty to undertake and arrange assessments to ensure that hazards are being properly identified and appropriate protective measures are in place to assist in minimising the possibility of loss from ris k. Periodic reviews take place to assess the performance of the systems implemented. Financial review The trust's principal funding source is from voluntary donaticpns. Overheads have remained consistent. The financial situation of the trust continues to be satisfactory. The present level of funding is adequate to support the continuation of the trust and the trustees consider the financial position of the charity to be satisfactory. Reserves policy The trustees consider the level of reserves to be more than adequate for the charity's needs. As the trust has no financial obligations and alrnost 100 % of funds are used to support other organisations as and when they are available, it is not considered necessary to have a reserves figure set at 3-6 months of running costs as there are none. Plans for future periods The trustees plan to maintain the activities as in past periods in order to continue to support other organisations that meet the trust's charitable objectives. 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). Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these ftnancial statements the trustees are required to: select suitable accounting policies and then apply them consistentty", observe the rnelhods and principles in the Charities SORP; make judgements and estrmates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disck)sed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charily will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial postion of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008, They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the board Nabeil Nasr Trustee N Nasr Fouiidalion Charity No {if any) eriod 1153943 Annual accounts for the CC17a Pefiod start dal8 0111112023 Po1*)d end date i 3111012024 Section A Statement of financial actlVAties Restricted Income funds Recommended categorles by a¢tlvlty Detalls of own analysls Unreslrlcted funds Endowrnent funds Total thls yoar Total last year Incoming resources {Note 3 Incomlng rèsourcos Irom nfrratgd lund8 F01 F02 F03 F04 F05 Vduntsry Income 50,000 50,000 40,000 Ac11￿1189 1nvts1m￿l lrtom Incomlng resour¢es Irom harltablo actlvltla5 Other Inttomlng resour¢•$ Total Incomlng resources Resources expended (Notes 4-8 Co8ts of Gongrallng Funds Cr*ta v(Auntaryiroyn8 S)7 Fundrth8lno tr￿r& ¢￿t$ Irwa&bnenl m8nwwttt6ts harltable a¢tlvltl•s S10 53.560 53,560 82,552 S11 Oth¢r r•8ourc•s oxpondgd S12 Total resources expended s13 Nae incoming/(outgolng) resources belore translers S14 Gross transfers between funds S15 Net incomlng/{outyolng) resour¢es before other recognlsed gains/{lossesJ s16 Olhor recognlsed galnsl(losses) Gains and losses on revaluation of fixed assets for the charity's own use Gains and losses on investment assets S17 S18 Net movement in lunds s19 Total funds brought forward Total funds camed fomard s21 8,864 8.864 4.182 Section B Balance sheet stricte Income lunds Unrestrlcted funds Endowment lunds Total Ihis year Total last ygar Fixed assets Tangible assets F01 F02 F03 F04 F05 (Note 9) Investments (Nole 10) Total fixed assots Current assets Slock and work in progress Debtors (Note 11) (Short terml Investments Cash at bank and in hand Total current assets 12,744 12,744 12,744 12,744 Creditors: amounts falllng due within one year (Note 12) BIO Net current assots/(IlabllltlesJ B11 4,182 4,182 Total assets less current Ilabllltles B12 4,182 4,182 Creditors: amounts falllng due aftor one year (Note 12) Provisions for Ilabllltles and charges B13 814 Net assets B15 4.182 4,182 Funds of the Charity Unrestricted funds B17 Restricted Income funds (Note 13) Endowment funds (Nots 131 818 B19 Total funds 4,182 4,182 Signed by one or two trvslees on behalf ol all the ttuslees Print Name Dal& of app￿Val ¢)1 Iii Signature NJ Section C Notes to the accounts Note 1 Basis of preparation Thls section should be completed by all charities. 1.1 Basis of accountlng These accounts have be8n prepared on the basts of historic cost (except that investments are shown at market value) in accordance with.. Accounting and Re and with" ortin by Charities - Statement of Recommended Practice (SORP 2005); Accounting Standards: Financial Reporting Standards for Smaller Enterprises (FRSSE): or and with th8 Charities Act. ' exc8 t for the followin Glve details in thls box If a different standard has been followed. -Tick as appropriate: If all relèvant disclosures shown In the pack hav8 b8en glven then p18ase tlck"Accounting Standards"; if disc108ures Completed In these accounts have been r8slrfcled to thos8 required by the FRSSE. then P￿ase Il¢k "Flnanclal Reportlng Standards for Sm8118r Enterprises (FRSSE).. 1.2 Change in basis of accounting There has been no change to the accountng policles (valuation rules and melhods of accounting) since last year Glve detalls In thls box of any material changes that have bean made. 1.3 Changes to prevlous accounts No changes have been made to accounls for previous years Glve details in thls box of any material changes that have been made. Section C Notes to the accounts (cont) Note 2 Accounting pollcles Thls stsndard lisl of gccounting policies has been applled by tho charlty except for those deleted. Where a different or addltlonal pollcy has been adopted then Ihls Is detalled In the l)ox below. INCOMING RESOURCES Recoanltlon of incomina resource5 These are included in the Slalement of Financial Activltles ISOFAI 4then.' the charily becomes 8nlitled lo thè r8sources', the twslèes are virtually certain they will receive the resources., and the Fmynelary valu8 can be m6asured with sufficient reliability. ere incoming resources have related expendttlire (as w¢th fundrdising or contract Inco￿￿) th8 incoming resources and related expenditure are reported gross in lh& SOFA. Grants and donalM)ns are onty included in the SOFA when the charity has uncondltbnal enlillemenl lo Ihe resources. Incomlng resources wSth related exp8ndlture Grants and donatlons Tax re¢lolm$ on donatlons and Incoming r8source8 Irom lax reclavns are knthded in the SOFA ot the same Ilme as tha gift to glfts which they relate. Conlractual Income and This Is only Inc4udad in th8 SOFA once the relal8d goods or seNlces have been dellv8r@d. performance related grants Glfts In klnd Glfts In kind are accounted for al a r8asonabl8 8slvnale of Iheir value lo tha chaiily or the amount aclualty realised. Glfts in kind lor sal8 or dislrtsulknn are Includad In th8 accounls as gifts only wh8n sohd or dlslribuled by the charily. Grfts in knd for use by th8 chaiity are Included In tho SOFA as incoming resources when r8C81vable. Donatod sorvlees and facllltle5 These are only Includ&d in incOm￿g resources (wilh an equwalenl amount in resour¢os exp8nd6d) where lh6 benefit lo tho charity Is reasonably quanliliable, rneasurable and material. The value placod on these resour¢e$ Is the eslinated value lo tho ¢haTily of thè Servlce or facility r8cefved. Volunteer help The value of any voluntary help rèe•fv6d 15 not w)chJd&d In th8 accounts but is desGribed In the Iruslees, annual report. Thls is ￿cluded in the accoun18 when receN8blo. Invo8tmont Income Investmgnt galn$ ond108868 This includes any galn or knss on the sale of inv8slm8nls and any ga￿ or10$8 resulllng from valulng inveslm6nls lo market value al th6 ond of Ihe year. EXPENDITURE AND LIABILITIES Llablllty recognltlon Liabilities a￿ recognknd as soon as Ihere is a legal or conslwctive oblp3ation ¢ommllling lh8 charity lo pay out r&sources. Indude costs ol the preparalk)n and examlnalion of slalulory accounts, th8 costs of trustee meellngs and cost of any leoal advice lo Iwslees on govemance or ¢onsl(Lulional matte￿. Wher8 the charity gI￿S a grant with condlllons for ils paynEnl belng a specific level of seNlce or oulpul to be provided, such grants are only recognlsed In the SOFA once Ihe reclplenl of Iho grant has provided the specffj￿d service or output. Those are only recogni5ed in the accounls when a commitmènt has been n7ade and theft are no condit*Jns lo be mel relating to th& gTrnl Yknich remain in tho control of the charity. Supporl costs include c8nltal funclion5 and hav& been anocated lo activity cost categories oll a basis conslslent with Ihe u59 of ￿$Our￿$. eg a1￿catIng property costs by floor areas, or per capila. stall Costs by Ihe t￿718 spent and olh8r costs by thelr usage. Gov¢rnan¢o ¢08t$ Grants wlth performanc8 condltlons Grant$ payable wlthout performance conditions Suppoit Costs ASSETS Tanglble fixod assets for use by Charlty Investments These are capmallsed 11 they can be used for ryK)re Ihan one year. and cost at least £500. They are valued al cost or a reasonable vahje on feceipl. InvestH￿ntS quoted on a recogni88d stock exchange are valLsed al market value al th8 year ond. Other inveslfflent as5e15 a￿ widuded al Iruslees, best estimate of mart(et value. These are valued al Ihe lower of cost or markel value. Stocks and work In progress POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE Section C Noles to the accounts {cont) Note 3 Analysls of Incoming resources Incomlng resources may be furtheranalysed 11 thls would help tho readerof the accounts. This year Last year Anal is Voluntary Income Donations Total Actlvlt10s for ganeratlng funds Total Investment Income Total Incomlng resources from horltable actlvltlas Total Section C Notes to the accounts (cont) Note 4 Analysis of resources expended Resources expended May be furtheranalysed if thls would help the reader of the accounts. Thls year Last year Ana sis Costs of generatlng voluntary income Total Fundraising trading costs Total Investment management costs Total Charltable activities Donations Human Donations olher e81 Total Governance costs Accountanc Bank char es Total Section C Notes to the accounts {cont) Note 5 Support Costs Please complete this note if the charfty has analysed its expenses uslng activity categorles and has support costs. Fundralslng aclivlty Charltabl8 Activlty Governance AGtivity Total Cost Su ort cost t Total Note 6 Detalls of certaln Items of expenditure 6.1 Trustee expenses Please provldo detalls of the amount of any payment or tplmbursement of out-of-pocket oxpenses made to trustees or to thlrd partles for expenses Incurred by trustees. If no expenses were pald, please enter 'None' In the appmprlate box(es). Thls year Last year Number of trustees who were pald expenses Nature of the expenses Total amount pald 6.2 Fees for examlnatlon or audlt of the accounts Please pmvlde detalls of the amount pald for any statutory extemal scmtiny of accounts and other setrvlces provided by your Independent examlner or audltor. If nothlng was paid please enter NONE in the approprfate box(esJ. Thls year Last year Independent examlner's or auditors. fees for reporting on the accounts Other fees {for exampl8: advice, consultancy, accountancy servlcos) pald to the independent examlner or audltor 1122 1122 NONE NONE 10 Section C Notes to the accounts (cont) Note 7 Pald employees Please complete this note If the charlty has any employees. 7.1 Staff Costs This year Last year Gross wages, salarles and benefit5 in klnd Employer's Natlonal Insurance costs Penslon costs Total staff costs 7.2 Average number of full-tlme equivalent employaes In the year Thls year Number Last year Number The parts of the charlty In whlch the employees work Fiip.draisiiicJ C,'Iicll'l l Note 9 Tangible fixed assets Please complete thls note If tho charlty has any tangible fixed assets 9.1 Cost or valuation Freehold land & buildings Other land & bulldlngs Plan( machlnery and motor vehlcles Flxtures, rittlngs and equipment Payments on account and assets under constructlon Total Balance brought forward Additions Revaluations Disposals Transfers Balance carried forward 9.2 Accumulated depre¢latlon and ImpaFrnient provlslons Basis SLorRB SLorRB SLorRB SLorRB SLorRB Rate Balance brought forward Deprecktion charge for year Impairment provisions Revaluations Disposals Transfers. Balance carried forward 9.3 Net book value Brought forward Carried forward 9.4 Revaluatlon If any flxed assets have been revalued please give details of the valuer and method of valuatlon The "Iransfers. row is for movements between fixed asset Gategori&s. ' Please indicate the method of depreciation by deleting the method not applicable (SL = slraight line,. RB - reducing b8lanGe). Also pleasg indicate the rate of depreciation.. for slraight line. what is Ihe anticipated life of the asset (in years),. for reducing balance, what is the percenlage annual dedUct￿n. 13 Section C Notes to the accounts (cont) Note10 Investment assets Please complete this note if the charity has any Investment assets. 10.1 Flxed assets investments Carrying (market) value at beginning of year Add: additions to investments at cost Less.. disposals at carrying va￿e Addl(deduct): net gainl{loss) on revaluation Carrying (market) value al end of year Please provide below.. 10.2 A breakdown of the markèt values of Investmenls shown above agreelng wlth the balance sheet row BO3. 10.3 A breakdown of Ihe Income from Investments agreelng wlth SOFA row SO3. Analysis of investments 10.2 Markot value at year end 10.3 Income from investments for the year Investment properties Investments Ilsted on a recognlsed stock exchange or held In common Investment funds, open ended investment companies, unit trusts or other collective Investment schemes Invéstmonts In subsldlary or connécted undertaklngs and companles Securltles not lisled on a recognlsed Stock Exchange Cash held as part of the investment portfolio Other investments Total 10.4 Material investment holdings If any slngle Investment Is material in terms of it5 value (for example represents more than S per cent of the value of the charfty's total Investmenls) please provlde details. Investment held Market Value 14 Section C Notes to the accounts (cont) Note11 Debtors and prepayments Please complete thls note If tha charlty has any debtors or ments. Amounts falllng due wlthln one year Thls year Last year Analysls of debtors Amounts falling due after more than one year Thls year Last year Trade debtors Amounts due from subsidiary and assoclated undertaklngs other debtors Prepayments and accrued Income Total Note12 Credltors and accruals Please Complete thls note If the charlty has any credltors or accruals. 12.1 Analysls of credltors Amounts falling due wlthln one year Thls year Last year Amounts falllng due after more than one year Thls year Last year Loans and overdrafts Trade credltors Amounts due to subsldSary and assoclated undertakings Other credltors 8,562 Accruals and deferred Sncome Total 8.562 9.684 12.2 Security over assets If any loan, overdraft or other crndltor holds a charge or other securlty overany assets of the charlty please provlde detalls. 15 Section C Notes to the accounts (cont) Note13 Endowmenl and restricted income funds Please complete thls sectlon If the charity has any endowment or restricted income funds. 13.1 Funds held Please glve a brlef descrlption of any of the following type of funds held by the charlty: pemianent endowment funds (PE); expendable endowment fund5 (EE); and restricted income funds, Includlng special trusts. of the charity (R). Type PE, EE orR Purpose and Restrfctlons Fund Name 13.2 Movements of major funds Please glve detalls of the movements of the major funds summarlsed In the restricted and endowment columns of the Statement of Flnancial Actlvltles. Fund balances brought forward Fund balance8 carrled foThvard Incomlng resourcos Outgoing resourcos Gains and losses Transfars Fund names Total Funds 13.3 Transfers between funds Please give details of any transfers between funds. From Fund (Name) To Fund Name Rea50n Amount 16 Section C Notes to the accounts Icont) Note 14 Transactions with related parties If the charity has any transactlons with related partSes (other than the trustee expenses explained in note 6) detalls of such transactions should be pmvided in this note. If there are no transactlons to report, please enter "None" In the relevant boxes. 14.1 Remuneration and benefits Please glve the amount of, and legal authorlty for, any remuneration or other benefits paid to a trustee or other related partles by the charity or any institution or company connected with it. Amounts pald or beneflt value Name of trustee or connected party Legal authority (eg order. governing document) This year Last year 14.2 Loans Please glve details of and amounts owing to or from the charlty's trustees or othor related partles by the charlty at the year end. Amount owlng This year Last yoar Name of trustee or onnected party Legal authority Due to trustees and related parties Due from trustees and related parties 14.3 Other transactlon(s) wlth trustees or related parties Please glve detalls of any transaction undertaken by (or on behalf ofj the charlty In whlch a trustee orrelated party has a material interest. Namo of the trustee or related art Description of the transactio This year Lasl yoar Relatlonshi to charit 17 ection C Notes to the accounts (cont) ote 15 Additional Disclosures "he following are significant matters which are not covered in other notes and need lo be included to provide proper understanding of the accounts. If there is Insufficient room here, please add a separate sheet. 18 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examlner's Report Report to the trustees N Nasr Foundation On accounts for the year ended Charlty no (if any) 31 October 2024 1153943 Set out on pages 1and2 I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 3111012024. Responsibllltles and basls ol report As Ihe charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act"). I report in respect of my examination of the Trust's accounts carried out under seclion 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 Ihe Act. Independent I have completed my examination. I confirm that no materlal matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or the accounts did nol 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 Ihat 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 Ihe examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Slgned: Date: 12112125 Name: ILYAS PATEL Relevant professional quallficatlon{s) or body (If any): FCCA Address: Soloman House, Belgrave Court, Preston PR2 9PL IER Oct 2018 Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32. Independent examination of charity accounts". direclions and guidance for examiners). Glve here brief details of any items that the examlner wlshes to disclose. IER Oct 2018