## **ABU FAISAL TRUST**
## **REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2020**
**Charity Commission Reference No. 1154975**
Document ID: 0d8d81ed-35c3-4a65-a167-b4cbae5cc7d1
## **ABU FAISAL TRUST**
## **Contents**
|**CONTENTS**|**PAGE**|
|---|---|
|Legal and Administrative Information|1|
|Trustees' Annual Report|2 - 3|
|Independent Examiners Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 - 10|
Document ID: 0d8d81ed-35c3-4a65-a167-b4cbae5cc7d1
## **ABU FAISAL TRUST**
## **Legal and Administrative Information**
**Charity Name** Abu Faisal Trust **Trustees** Ms Shagufta Nawaz Ms Afsana Mahmood Ms Kulsoom Abdul Haji Satia **Charity Registered Number** 1154975 **Address** 14 Cowan Brae East Park Road Blackburn Lancashire BB1 8BB **Independent Examiners** Y Mahmood Calculayte Limited 59 Providence Street Blackburn Lancashire BB1 5PT **Bankers** Santander UK PLC 32 - 34 King William Street Blackburn Lancashire BB1 7DP
1
Document ID: 0d8d81ed-35c3-4a65-a167-b4cbae5cc7d1
## **ABU FAISAL TRUST**
## **Trustees' Report**
The trustees of Abu Faisal Trust present their Report and Audited Financial Statements for the year ended 31st December 2020.
## **Principal aims and objectives:**
The objective of the charity is the prevention or relief of poverty by providing grants, items and services to individuals in need and all charities working to prevent or relieve poverty.
The relief and assistance of people in any part of the world who are victims of war or natural disaster, trouble or catastrophe in particular by the supply of food, water and shelter.
The advancement of education by the provision of books, uniforms, stationary and other such items for the purposes of education.
## **Main activities and achievements:**
The main activity undertaken by the charity during the year in question was that of providing Ramadhan food parcels, water projects to those less fortunate. This year a large focus of the charity has been providing food and water to local residents affected by the devastation of the Covid-19 pandemic.
## **Legal and Administrative information:**
Charity legal name Abu Faisal Trust Charity number 1154975 Address 14 Cowan Brae East Park Road Blackburn Lancashire BB1 8BB Trustees' Mrs Nadia Mohammed (Resigned 26 September 2021) Ms Shagufta Nawaz Ms Afsana Mahmood Ms Kulsoom Abdul Haji Satia
## **Financial review**
During the year the charity received income donations of £171,179. Expenditure incurred during the year amounted to £121,821. This meant overall there was a surplus of £49,398 in the year and a surplus of funds carried forward amounting to £58,321 and a positive bank balance of £60,373. This shows that the charity has capacity to undertake more projects and will look to do so as and when needed.
## **Covid-19**
The Covid-19 pandemic has been in full swing during the year and has caused major disruption across the world. This has halted many plans and fundraising events which we had planned to undertake, nonetheless fundraising has still continued using alternative methods such as advertising on WhatsApp, Facebook etc. The wider community has come together to help those who have been affected or are of high risk by distributing foods parcels.
## **Future plans**
The trustee's plans for the forthcoming 12 months are to make a start on the school build projects for those deprived of education and continue with the livelihood schemes to support those whom are less fortunate. The trustee's will also continue to work on water projects and orphan projects.
2
Document ID: 0d8d81ed-35c3-4a65-a167-b4cbae5cc7d1
## **ABU FAISAL TRUST**
## **Trustees' Report**
## **Reserve Policy**
Unrestricted funds are needed:
- to ensure its core activity could continue during a period of unforseen difficulty
- to maintain a contingency reserve to safeguard the charity in the event of unforeseen circumstances
The level of reserves is monitored and reviewed by the trustees' annually
## **Statement of the Responsibilities of Abu Faisal Trust**
The trustees' are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The 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 the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:-
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
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, the Charity (Accounts and Reports) Regulations. 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.
The trustees' are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the UK governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions.
The trustees' are also responsible for all trust finance, its management and control. These responsibilities include:
- a) Keeping “proper accounting records” which are sufficient to show and explain all the trusts's transactions and must include a record of all relevant assets and liabilities
- b) Ensuring that the finances of the trust are under its control and only delegated if the trust can ensure that its wishes will be followed.
- c) Preparing annual financial statements and report, which shall be presented to the trustees' in accordance with the requirements of the Church Representation Rules.
## **Public Benefit**
The trustees' confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the trust's aims and objectives and in planning future activities.
Approved by the trustees and on behalf of Abu Faisal Trust
07/11/2021 S Nawaz Dated: …............................... Trustee
3
Document ID: 0d8d81ed-35c3-4a65-a167-b4cbae5cc7d1
## **ABU FAISAL TRUST**
## **Independent Examinations Report**
## **Independent Examiners Report to the trustees of Abu Faisal Trust**
I report on the accounts of the charity for the year ended 31 December 2020, which are set out on pages 5 to 9. Your attention is drawn to the fact that the Charity has prepared the Financial Statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.
## **Respective responsibilities 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 not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes 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 you as trustees concerning any such 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 a “true and fair view” and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- 1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord to the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable the proper understanding of the accounts to be reached
## **Y Mahmood ACCA**
Calculayte Limited 59 Providence Street Blackburn Lancashire BB1 5PT
07/11/2021 Dated: …........................................
4
Document ID: 0d8d81ed-35c3-4a65-a167-b4cbae5cc7d1
## **ABU FAISAL TRUST**
## **Statement of Financial Activities**
|**Notes**
**Income and endowments from:**
Donations and legacies
**2**
Investments
**3**
**Total income**
**Expenditure on:**
Charitable activities
**4**
Governance and support costs
**5**
**Total expenditure**
**Net expenditure and net movement in funds**
**for the year**
**Reconciliation of funds**
Funds brought forward
Funds carried forward|**2019**
**Unrestricted**
**Restricted**
**Total**
**Total**
**funds**
**funds**
**funds**
**funds**
**£**
**£**
**£**
171,179
-
171,179
31,375
40
-
40
16
171,219
-
171,219
31,391
(120,621)
-
(120,621)
(33,903)
(1,200)
-
(1,200)
(1,225)
(121,821)
-
(121,821)
(35,128)
**49,398**
**-**
**49,398**
**(3,737)**
8,923
-
8,923
12,660
58,321
-
58,321
8,923
**2020**|
|---|---|
All income and expenditure derive from continuing operations.
The comparative SOFA is presented in Note 10 of the financial statements.
5
Document ID: 0d8d81ed-35c3-4a65-a167-b4cbae5cc7d1
## **ABU FAISAL TRUST**
## **Statement of Assets and Liabilities**
|**Notes**
**Current Assets**
Debtors
**7**
Cash at bank and in hand
**8**
**Liabilities**
**9**
**Net Current (Liabilities)/Assets**
**Net (Liabilities)/Assets**
**The funds of the charity:**
Restricted
Unrestricted
Creditors: Amounts falling due
within one year|**Unrestricted**
**Restricted**
**Total**
**£**
**£**
**£**
-
-
-
60,373
-
60,373
60,373
-
60,373
(2,052)
-
(2,052)
58,321
-
58,321
58,321
-
58,321
-
-
-
58,321
-
58,321
58,321
-
58,321
**2020**||**2019**
**Total**
**£**
150
11,620
11,770
(2,847)
8,923
8,923
-
8,923
8,923|
|---|---|---|---|
Approved by the trustees, signed and dated on their behalf by:
## **S Nawaz**
Trustee
Date: …..............................07/11/2021
6
Document ID: 0d8d81ed-35c3-4a65-a167-b4cbae5cc7d1
## **ABU FAISAL TRUST**
## **Notes to the Financial Statements**
## **1 Principal of accounting policies**
## **Basis of accounting**
The financial statements 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 the Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
## **Fund accounting**
Unrestricted funds represent the funds of Abu Faisal Trust that are not subject to any restrictions regarding their use and are available for application on the general purpose of Abu Faisal Trust.
Restricted funds are funds subject to specific conditions imposed by the donor or by specific terms of a trust deed or other legal measure.
The accounts include all transactions, assets and liabilities for which Abu Faisal Trust is responsible in law.
## **Income**
Income from donations & legacies
Collections are recognised when received by or on behalf of Abu Faisal Trust.
Planned giving receivable under covenant is recognised only when received.
Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised.
Grants and legacies to Abu Faisal Trust are accounted for as soon as Abu Faisal Trust is notified of its legal entitlement and the amount due.
## **Expenditure**
Unless otherwise stated, resources expended are accounted for on an accruals basis.
## **Assets and liabilities**
Current assets
Cash held by the charity is inclued at the amount actually held and counted at the year end.
7
Document ID: 0d8d81ed-35c3-4a65-a167-b4cbae5cc7d1
## **ABU FAISAL TRUST**
## **Notes to the Financial Statements**
|**2**
**Donations and legacies**
Income Tax Recoverable
Donations
**3**
**Investment**
Bank Interest Receivable
**Total Incoming Resources**
**4**
**Expenditure on charitable amounts**
Travel
Bank charges
Website development
Telephone
Motor expenses
Advertising
Printing and stationary
Staff welfare
Donations
**5**
**Analysis of governance and support costs**
Accountancy services
Premises expenses
**Total Expenditure**|**Unrestricted**
**Restricted**
**Total**
**Total**
**2020**
**2020**
**2020**
**2019**
**£**
**£**
**£**
**£**
-
-
171,179
-
171,179
31,375
171,179
-
171,179
31,375
40
-
40
16
40
-
40
16
**171,219**
**-**
**171,219**
**31,391**
**Unrestricted**
**Restricted**
**Total**
**Total**
**2020**
**2020**
**2020**
**2019**
**£**
**£**
**£**
**£**
5,697
-
5,697
2,909
525
-
525
215
250
-
250
1,315
1,258
-
1,258
2,157
270
-
270
540
-
-
-
185
-
-
-
31
643
-
643
-
111,978
-
111,978
26,551
120,621
-
120,621
33,903
**Unrestricted**
**Restricted**
**Total**
**Total**
**2020**
**2020**
**2020**
**2019**
**£**
**£**
**£**
**£**
300
-
300
150
900
-
900
1,075
1,200
-
1,200
1,225
**121,821**
**-**
**121,821**
**35,128**|
|---|---|
## **6 Trustees remuneration, benefits and expenses**
Members of Abu Faisal Trust give their time freely and receive no remuneration for the work they undertake in relation to Abu Faisal Trust. However, they can claim expenses to reimburse them for costs suffered in fulfilling their duties relating to Abu Faisal Trust.
Expenses were incurred by trustees, as detailed below:
8
Document ID: 0d8d81ed-35c3-4a65-a167-b4cbae5cc7d1
## **ABU FAISAL TRUST**
## **Notes to the Financial Statements**
|**6**|**Trustees remuneration, benefits and expenses****_(continued)_**|**Total**|**Total**|
|---|---|---|---|
|||**2020**|**2019**|
|||**£**|**£**|
||Telephone|1,258|2,157|
||Mileage|270|540|
||Use of home|900|1,075|
||Total number of members paid expenses|1|1|
|**7**
**Debtors**
Prepayments|**Unrestricted**
**Restricted**
**Total**
**Total**
**2020**
**2020**
**2020**
**2019**
**£**
**£**
**£**
**£**
-
-
-
150
-
-
-
150|
|---|---|
## **8 Unrestricted bank funds**
These funds are held for the meeting of the objectives of the charity, to provide reserves for future activities. These funds under charity legislation are free from all restrictions on their use.
|**9**
Accruals
Other creditors
**Creditors: Amounts falling due**
**within one year**|**Unrestricted**
**Restricted**
**Total**
**Total**
**2020**
**2020**
**2020**
**2019**
**£**
**£**
**£**
**£**
450
-
450
150
1,602
-
1,602
2,697
2,052
-
2,052
2,847|
|---|---|
9
Document ID: 0d8d81ed-35c3-4a65-a167-b4cbae5cc7d1
## **ABU FAISAL TRUST**
## **Notes to the Financial Statements**
## **10 Statement of Financial Activities for the year ended 31 December 2019**
|**Income and endowments from:**
Donations and legacies
Investments
**Total income**
**Expenditure on:**
Charitable activities
Governance and support costs
**Total expenditure**
**Net expenditure and net movement in funds**
**for the year**
**Reconciliation of funds**
Funds brought forward
Funds carried forward|**2019**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**funds**
**£**
**£**
**£**
31,375
31,375
16
16
31,391
-
31,391
(33,903)
(33,903)
(1,225)
(1,225)
(35,128)
-
(35,128)
**(3,737)**
**-**
**(3,737)**
12,660
-
12,660
8,923
-
8,923|**2018**
**Total**
**funds**
37,768
11
37,779
(31,318)
(150)
(31,468)
**6,311**
6,349
12,660|
|---|---|---|
10
Document ID: 0d8d81ed-35c3-4a65-a167-b4cbae5cc7d1
## Completed Document Audit Report
Completed with SignWell.com
## **Title: Abu Faisal Trust 2020 Accounts**
Document ID: 0d8d81ed-35c3-4a65-a167-b4cbae5cc7d1
## **Files**
Abu Faisal Trust 2020 Accounts.pdf
Nov 07, 2021 15:51:02 UTC
## **Activity**
|**Yasser Mahmood**|created the document|Nov 07, 2021|
|---|---|---|
|IP: 81.98.189.83||15:52:57 UTC|
|**Yasser Mahmood**|sent the document to yasser@calculayte.co.uk and|Nov 07, 2021|
|IP: 81.98.189.83|snwz_1234@hotmail.co.uk|15:56:13 UTC|
|**Shagufta Nawaz**|first viewed the document|Nov 07, 2021|
|IP: 82.132.184.88||16:31:35 UTC|
|**Shagufta Nawaz**|signed the document|Nov 07, 2021|
|||16:33:41 UTC|
|**Yasser Mahmood**|first viewed the document|Nov 07, 2021|
|IP: 81.98.189.83||23:06:24 UTC|
|**Yasser Mahmood**|signed the document|Nov 07, 2021|
|||23:07:07 UTC|
Document ID: 0d8d81ed-35c3-4a65-a167-b4cbae5cc7d1