ABU FAISAL TRUST
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Charity Commission Reference No. 1154975
Document ID: 926d51cb-01ec-4831-a9db-7fcb9fee9a89
ABU FAISAL TRUST
Contents
| CONTENTS | PAGE |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees' Annual Report | 2 - 4 |
| Independent Examiners Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 12 |
Document ID: 926d51cb-01ec-4831-a9db-7fcb9fee9a89
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: 926d51cb-01ec-4831-a9db-7fcb9fee9a89
ABU FAISAL TRUST
Trustees' Report
The trustees of Abu Faisal Trust present their Report and Audited Financial Statements for the year ended 31st December 2022.
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 activities undertaken by the charity during the year in question was that of providing Ramadhan food parcels, water projects, masjid builds and orphan sponsorship to name a few. Like every year a large focus of the charity has been providing food and water to local residents affected by the devastations.
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' Ms Shagufta Nawaz Ms Afsana Mahmood Ms Kulsoom Abdul Haji Satia
Financial review
During the year the charity received income donations of £260,023 (2021 - £206,014). Expenditure incurred during the year amounted to £278,323 (2021 - £199,150). This meant overall there was a deficit of £18,300 (2021 - £6,864 surplus) in the year, however there is a surplus of funds carried forward amounting to £46,885 (2021 - £65,185) and a positive bank balance of £50,624 (2021 - £65,631). This shows that the charity has capacity to undertake more projects and will look to do so as and when needed.
Future plans
The trustee's plans for the forthcoming 12 months are to continue with 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 and orphan projects in addition to anything else that may arise during the year where AFT thinks it can make a difference.
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
2
Document ID: 926d51cb-01ec-4831-a9db-7fcb9fee9a89
ABU FAISAL TRUST
Trustees' Report
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.
Financial Instruments
The accounts are set out on pages 6 - 12. They have been drawn up in compliance with the Companies Act 2006, the relevant provisions of the Charities Act 2011 and recommendations of the revised Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102), issued by the Charity Commissioner for England and Wales (SORP FRS 102 - effective 1 January 2019).
3
Document ID: 926d51cb-01ec-4831-a9db-7fcb9fee9a89
ABU FAISAL TRUST
Trustees' Report
Audit exemption and special provisions
The Trustees have taken advantage of the exemption from audit conferred by Section 477 of the Companies Act 2006 and the accounts for the year are unaudited.
This report is prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP FRD 102 - effective 1 January 2019) and the provisions applicable to companies subject to the small companies regime in Part 15 of the Companies Act 2006.
Approved by the trustees and on behalf of Abu Faisal Trust
S Nawaz Trustee
22/10/2023 Dated: …...............................
4
Document ID: 926d51cb-01ec-4831-a9db-7fcb9fee9a89
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 2022, which are set out on pages 5 to 10. 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
24/10/2023 Dated: …........................................
5
Document ID: 926d51cb-01ec-4831-a9db-7fcb9fee9a89
ABU FAISAL TRUST
Statement of Financial Activities
| Notes Income and endowments from: Donations and legacies 2 Charitable activities 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 |
2021 Unrestricted Restricted Total Total funds funds funds funds £ £ £ 260,023 - 260,023 205,224 - - - 790 260,023 - 260,023 206,014 (276,661) - (276,661) (197,755) (1,662) - (1,662) (1,395) (278,323) - (278,323) (199,150) (18,300) - (18,300) 6,864 65,185 - 65,185 58,321 46,885 - 46,885 65,185 2022 |
|---|---|
All income and expenditure derive from continuing operations.
The comparative SOFA is presented in Note 11 of the financial statements.
6
Document ID: 926d51cb-01ec-4831-a9db-7fcb9fee9a89
ABU FAISAL TRUST
Statement of Assets and Liabilities
| Notes Fixed Assets Tangable Assets 7 Current Assets Debtors 8 Cash at bank and in hand 9 Liabilities 10 Net Current (Liabilities)/Assets Net (Liabilities)/Assets The funds of the charity: Restricted Unrestricted Creditors: Amounts falling due within one year |
Unrestricted Restricted Total £ £ £ 699 - 699 699 - 699 225 - 225 50,624 - 50,624 50,849 - 50,849 (4,663) - (4,663) 46,186 - 46,186 46,885 - 46,885 - - - 46,885 - 46,885 46,885 - 46,885 2022 |
2021 Total £ 978 978 225 65,631 65,856 (1,649) 64,207 65,185 - 65,185 65,185 |
|
|---|---|---|---|
Approved by the trustees, signed and dated on their behalf by:
S Nawaz
Trustee
22/10/2023 Date: …..............................
7
Document ID: 926d51cb-01ec-4831-a9db-7fcb9fee9a89
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 2019) - (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.
Income from charitable activities
Income from charitable activities, includes the sale of dates, is recognised in the period it is receivable.
Expenditure
Unless otherwise stated, resources expended are accounted for on an accruals basis.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Depreciation is provided on the following basis:
Office equipment - 25% straight line
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discounts offered. Prepayments are valued at the amount prepaid net of any discounts due.
Cash at bank and in hand
Cash held by the charity is inclued at the amount actually held and counted at the year end.
Liabilities
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement. The amount of the settlement can be estimated reliably.
8
Document ID: 926d51cb-01ec-4831-a9db-7fcb9fee9a89
ABU FAISAL TRUST
Notes to the Financial Statements
| 2 Donations and legacies Donations 3 Income from Charitable Activities Income from activities for generating funds Date sales Total Incoming Resources 4 Expenditure on charitable amounts Travel Bank charges Wages and salaries Website development Telephone Motor expenses Freight charges Depreciation Staff welfare Donation platform charges Donations Analysis of wages and salaries Wages and salaries Social security |
Unrestricted Restricted 2022 2022 £ £ 260,023 - 260,023 - - - - - 260,023 - Unrestricted Restricted 2022 2022 £ £ 3,719 - 633 - 24,782 - - - - - 2,394 - 212 - 279 - - - 321 - 244,321 - 276,661 - |
Total Total 2022 2021 £ £ 260,023 205,224 260,023 205,224 - 790 - 790 260,023 206,014 Total Total 2022 2021 £ £ 3,719 1,478 633 640 24,782 - - 39 - 831 2,394 1,913 212 1,356 279 140 - 882 321 - 244,321 190,476 276,661 197,755 2022 2021 £ £ 21,713 - 3,070 - 24,783 - |
|---|---|---|
The average number of employees during the year amounted to 1.
No employee received employee benefits for the year of more than £60,000.
9
Document ID: 926d51cb-01ec-4831-a9db-7fcb9fee9a89
ABU FAISAL TRUST
Notes to the Financial Statements
- 5 Analysis of governance and support costs
| Analysis of governance and support costs Accountancy services Premises expenses Total Expenditure |
Unrestricted Restricted Total Total 2022 2022 2022 2021 £ £ £ £ 762 - 762 360 900 - 900 1,035 1,662 - 1,662 1,395 278,323 - 278,323 199,150 |
|---|---|
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:
| Telephone Mileage Use of home Total number of members paid expenses Tangable fixed assets Cost At 31 December 2021 Additions At 31 December 2022 Depreciation At 31 December 2021 Charge for the year At 31 December 2022 Carrying amount At 31 December 2022 At 31 December 2021 |
Total 2022 £ - - 900 1 Office Equipment £ 1,118 - 1,118 140 279 419 699 978 |
Total 2021 £ 831 1,913 1,035 1 Total £ 1,118 - 1,118 140 279 419 699 978 |
|---|---|---|
- 7 Tangable fixed assets
10
Document ID: 926d51cb-01ec-4831-a9db-7fcb9fee9a89
ABU FAISAL TRUST
Notes to the Financial Statements
| Debtors Prepayments |
Unrestricted Restricted Total Total 2022 2022 2022 2021 £ £ £ £ 225 - 225 225 225 - 225 225 |
|---|---|
8 Debtors
9 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.
10 Creditors: Amounts falling due within one year
| Accruals Other creditors Creditors: Amounts falling due within one year |
Unrestricted Restricted Total Total 2022 2022 2022 2021 £ £ £ £ 450 - 450 450 4,213 - 4,213 1,199 4,663 - 4,663 1,649 |
|---|---|
11
Document ID: 926d51cb-01ec-4831-a9db-7fcb9fee9a89
ABU FAISAL TRUST
Notes to the Financial Statements
11 Statement of Financial Activities for the year ended 31 December 2021
| Income and endowments from: Donations and legacies Charitable activities 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 |
2021 2020 Unrestricted Restricted Total Total funds funds funds funds £ £ £ 205,224 - 205,224 171,179 790 - 790 - - - - 40 206,014 - 206,014 171,219 (197,755) - (197,755) (120,621) (1,395) - (1,395) (1,200) (199,150) - (199,150) (121,821) 6,864 - 6,864 49,398 58,321 - 58,321 8,923 65,185 - 65,185 58,321 |
|---|---|
12
Document ID: 926d51cb-01ec-4831-a9db-7fcb9fee9a89
Completed Document Audit Report
Completed with SignWell.com
Title: Abu Faisal Trust - 2022 Accounts
Document ID: 926d51cb-01ec-4831-a9db-7fcb9fee9a89
Time Zone: (GMT+00:00) Coordinated Universal Time
Files
Abu Faisal Trust - 2022 Accounts.pdf
Oct 22, 2023 12:10:25 UTC
Activity
| Calculayte | created the document | Oct 22, 2023 |
|---|---|---|
| IP: 82.22.107.89 | 12:17:15 UTC | |
| Calculayte | sent the document to info@abufaisaltrust.com and | |
| admin@calculayte.co.uk | Oct 22, 2023 | |
| 12:19:22 UTC | ||
| Shagufta Nawaz | first viewed document | Oct 22, 2023 |
| IP: 95.146.204.248 | 13:10:03 UTC | |
| Shagufta Nawaz | signed the document | Oct 22, 2023 |
| IP: 95.146.204.248 | 13:11:18 UTC | |
| Calculayte | first viewed document | Oct 24, 2023 |
| IP: 82.22.107.89 | 21:38:58 UTC | |
| Calculayte | signed the document | Oct 24, 2023 |
| IP: 82.22.107.89 | 21:39:15 UTC |
Document ID: 926d51cb-01ec-4831-a9db-7fcb9fee9a89