ABU FAISAL TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Charity Commission Referenee No. 1154975 Document ID.. 60acdffe-ec75-4913-85dc-efd8ff88b3ab ABU FAISAL TRUST Contents CONTENTS PAGE Lcgal and Adminisiraiii'c Inlormaiion Trusiees. Annual Report Inder¢ndeni Examiners Rep)rt Statement ot. l.inancial Activities Balance Slieet Notes to the Financial Stat¢m¢nts Document ID.. 60acdffe-ec75-4913-85dc-efd8ff88b3ab ABU FAISAL TRUST Legal and Adnjinistrative Information Charity Natlle Abu Faisal Trust Tru5¢ees Ms Shagutkn Na￿.a7 Ms Afsana Mahmood Ms Ku1500m.4bdul I laji Satia IResign¢d I Sept 241 Mrs Nabccla Mirza (Apwinicd I Scpi 241 ChArity Registered Number 1154975 Address 14 Coivan Brac Tr.￿t Park Road BlaLkburn BBI 8BB Independent EKaminers Y Mahmood Calcula}T¢ l.iinit¢d 59 Providenct Sireei 41a¢kburn Lancashire BBI 5vr Bankers SanLindei IJK I)LC 32 34 King William Streci B1￿khUr￿ BBI 7DP Document ID.. 60acdffe-ec75-4913-85dc-efd8ff88b3ab ABU FAISAL TRUST Trustees. Report The tn)stees ot'Abu faisal Trust present their Report and Audited financial Srateinents for the }'ear ended 3 1st t)eceniber 2023. PriTJripal aims and objectives: The i)bjeLtive uf the Lharit) 1% the preventi()n i)r relief i)f pi)N'erty b). pruviding ¥ranl%, item% and serviLes tu indi￿ldUd15 in ncLd and all chaTiIiLS working 10 prciLmt or rclicvt povcrtS'. Thc rcliLt'anil assisianLC of pcoplL in anv pan of ihi world who arl ViLtims of war or natiiral disasicr, IroLiblc or carasiropht in panicular bi. the supplN' ot'tood. ii'aier and shelter. The adwallceinent ot'education by the proi'ision of book& unitorm& ststionar! aiid other such items for the purposes of education. Main activitie5 and achievements: -l-h¢ main activiti¢s undertak-en b}. th¢ cliarity duTiiig the N'ear in qu¢stion i%'as that of proiiiding Ramadhan food parcels. 4.ater pr()jecLs. Inasjid build% i)rphan %p()n%()rship til iiatne a few. Like eveTr ￿'ear a lar¥e f()cu4 1)f the LhariTh ha bctn providing fo(Nl and waiLr to local residents alTccicd bj Ihc dLvagiations. Legal Administrative illfoTtDation'. Charity legal name Abu Faisal Trust Chariiy number 154975 Address 14 Cow'an Brat East Park Road BlaLkburn -anc&shiT¢ BBI 8BB TrUg￿t$, Ms Shagufta Nawaz Ms Atsana Maliniood Ms Kulsoom Abdul Haji Satia (Resigiied l Septeinber 20241 Mrs Na￿'LIa Mirza IAppoiniLd I SipicmbLr 20241 Financial review During the Near the charit>. received income donations ot'£354,373 12022- £260,0231. Expenditure incurred during the }'ear amoullted lo £294.37612022- £278.3231. This 17]eant overall there was a surplus of £51).99717022. ti¥.300 deticitl in the year. tUTiliennDre Ih¢re is a surplus of fuiids ¢arri¢d fonvard arnounliiig to £106.%%212fl22. £46.88il Wid pv%itive bank haldn¢e of Ila8.54912O22- £iO,6241. Thi% dial the ¢hJrit}' h&5 rapacity ti) undertake tllQTe PTojeLig Nvill look 10 do so tss and when needed. Future plans Tli¢ tn]st¢¢'5 plan5 tor forthcoming 12 montlis ar¢ to continue widi die school build projed5 for those deprived of edu¢atiiin aiid ¢i)ntinu¢ ￿'Ith Ilie lil'elihood ￿CheMeS lo support those i*liotn art 1¢45 fortuiiate.'I lie trust¢¢'s i¥ill a150 Luntinue tu wurk ()n waier and orph￿ piujeLts in ddditiun lu ￿).1hing else thai Tllay ￿l.￿e during the Ve￿ where AFT thinks li can makL a dit'fcrcncL. Reserve Policy Ilnre%triLled fund4 needed.. ts) en4ure 114 LÉ)re aLl1vit￿ L()uld L(Inlinue during a peiii)d of unfi)r%een difficult} t() tnaintdin d L()titin¥enL} ￿*e[YE l() %ale¥uLird the lh￿ilY in th¥ event i)I'unfureseen LifLumsrtdnLes The level ofTeseTves is TnonilOTed and reviewed by Ihe Irugtees, annually Document ID.. 60acdffe-ec75-4913-85dc-efd8ff88b3ab ABU FAISAL TRUST Trustees, Report Statetnent of the Responsibilitie5 of Abu Faisal Trust .11¢ Irust¢¢s' are re5pon8ible for preparing die Aiiiiual Report aiid the fiiiancial slat¢ineiits iii a¢cordan¢¢ i¥ith applicabl¢ law and LJnit¢d Kingdiiin A¢rounling Standards IUnit¢d Kingdotn G¢n¢rul]￿ Accepted Accountiiig I'racti¢el- The applicable t() Lhdrilie% in Engldnd 11.'ale% require% the Irustee4' 11) prepare fin￿CIaL %tstemenL% fcir financial NLar which gilt a IruL and fair i'iLW ofihL siatL ofaf(airs of IhL chdril), and of IhL inLoming rLSOLifeLS and application of resources of ihe chariry. for thai period. In preparing ih¢s¢ fillancial siaremenis. Ihe irusiees are required io'.- led suitabl¢ arrounting policie5 and then apply th¢tn ¢onsistently'. obgLfvL thc Ineihods dnd prinLiplcs in Ihc Charilics SORP- make jiidgemenis and estimates Ihal are reasonable and priident., sLqt¢ whtlher applicable accounting sL2ndards liave been tollowed, subject lo any material departures disclosed prep4r¢ th¢ tinaiicial staleiii¢nts on the goiiig concern ba515 unless it is inappropriat¢ to pre5uni¢ that the charity ill continue in operation The truste¢s' are re5ponsibl¢ for keeping proper accounting records that disc105e with reasonable accurac}. at any time the tinancial pn8ition of th¢ cliarity and eiiable Ilietn to ¢nsur¢ that th¢ financial stulem¢ntS c(iinpl>' with the Ch(Iriti¢s Act 2a1 I, the Chariry IA¢¢(iuiils and RetK)rtsl Rtgiilation4. Thev are re&pL)n%ible for safeguarding the ass¢ts' (If th¢ charil) and hence for taking reasonable sieps (OT Ihe PTeieniion and deieciion of rtaud and oiher iTregularilies. The Iiusiees. are responsible foi Ihe mainienance irtie¥rit)' ofihe chatily anli finL2rtcial infomiaiion included ort Ihe chariij s WLbsitL. LLgislaiion in Ihc UK govLrning Ihc prcparaiion and disscminaiion of ihc financial s181cmcnis ma ditler from legislaiion in other jurisdictions. 'li¢ trLJSt¢¢s' are also re5pon5ible for all tTU5t finaiice. its iiianageiiient and control. Ihese responsibiliti¢s include.. al K¢epillg-'proper accouiiting records. 14.hich are suffici¢lli to sli0￿ and explain all the trusts's transactions and rnusl include a record of all rel¢vant ￿5¢t5 and liabilitie5 bl Ensuring that the tinanc£s of the trust are under lis control and onlv delegated il'the trust can ell5UTe Iliai its she5 M'ill b¢ follo￿¢d. cl Preparing annual tinaiicial staternents aiid which shall be presented to the truste¢s' in accordance with the requireniellts ol'the Churcli Representatioii Rules. Publit Benefit The irLiblCCS' confirm ihai the> have reftrred io ihe giiid8nce conthintd in the Charli> Commission'b general guidance on public benetit iwhen reNiew'iiig the trust's ainis and objectives and in planning future activities. Fin&nti*l Instruments The accounts are set oui on pages 6- 12. The), hai'e beeti drawti up in coinplianLe ￿t[h tht Companies Act 2006, Iht relei'ani provisions ot the Chariiies Aci 201 l and recoinmendaiions ot-lhe revistd Statement ot'Recommended Praciice.. Accountiiig and Reporting b>. Charities IFRS 1021. issued bTr the Charil>' Cominissioner tor England and W'ales ISORP R% 102_ ettective l January 20191. Document ID.. 60acdffe-ec75-4913-85dc-efd8ff88b3ab ABU FAISAL TRUST Trustees. Report Audit exemption spe¢i*l provisjOrt5 Thc TrusicLS havc iakLn ailvantagc ofihc cxcmpiion from audii confcrrcd b> Scciion 477 ofthc Companics Aci 2006 and the accounts for ihe Near are iinaudittd. This report 1% PTepared in acci)rdLlnLe iviih Ihe statement i)r Recommended PrL2Lliee-. Aecoiiniing and Reporling b), ChariiiLS ISORP FRD 102- cffLYtiiL l Januarv 20191 and thi proi'isions applieablL 10 Lompaniis subjLYt 10 th¥ small companies regimt in Part 15 ot'the Companies Act 2006. Approved bv the trusiees and on behalfof Abu Faisal Trnsi 2211012024 S Naw'az Trustee Dated.. Document ID.. 60acdffe-ec75-4913-85dc-efd8ff88b3ab ABII FAISAL TRII8T Independent Examinations Report Independent Examiners Report to the trustee5 of Abu Faisal Trust I rep()Il i)n the dLL()Utit% lif the Lhdrilv fi)r IhE }edr ended 31 DeLetnbei- 2023, 1%'hiLh %et i)Iil ()n P atlenli()n. BAsis of independent examiner's report examinaiion ￿'aS carried out in accordaiice ￿1th the general Directions gI￿¢ll by the Charity. Commission. Ali examination includes a revi•¥ ot'tlie accouiiting records k-ept bTr the charity. and a coiMpaTison ot tlie accouiits preseiit¢d i¥ith thos¢ records. It also iiiclud¢s consideration of any unusual itetns or di5c105ure5 Iti the aLL()unl%. and seeking eXpl￿￿￿tIllnI friim }'i)u trustee4 L()nLeniiiig anl 4ULh inaller4. The i)11)Ledure% undLrVdkLn do not providL all thL Lvidcnce that ivould bL fLquired in an audil and eonsL4uenily no opinion is gi￿ett as io iYhLihcr Ihc acLOUrtis prcscrti a-.truc and lair ViL%V' and Ihc rcport is limiicd io ihosc mattLrs sci oiit in tht sraitment below. Indepertdetht examiner's stAtement In coiiiiedion i￿1th Iny examination. no niatt¢r has Com¢ to iiiy att¢ntion'. I I whiLh give% ine reasoiiahle Lau%e li) believe that in an}- Inalerial re%peL* the re4uiremenl%.- ti) keep dLLuunlin¥ reLI)rd% in dLLiTridiltiLe with *eLtii)n 130 1)f the 2011 ALt- io prtpare accounis which accord to the accounting reeords and to comply with the accouniing reqiiirtmeiiis of ihe 2011 Act have not been mei: or 21 10 ￿,hICh. in m) opinion. allcntion should bc dra￿￿ in ordcr 10 ctYdblL thc propcr undcrsianding of ihc ccounis 10 be reaLhed Y Mllhmood ACCA calcula￿¢ l.iniit¢d 51) Proi'idence Street Blackburn llLa5hire BBI 5PT Daicd.. 2311012024 Document ID.. 60acdffe-ec75-4913-85dc-efd8ff88b3ab ABU FAISAL TRUST St2temtnt of Fithartcixl Artivities 2023 2022 Notes Unrestricted funds Restricted funds Total funds funds Income endowtnent5 fro]]]'. Di)tialiorts legaLies 354,373 354,373 260,023 Charitablc aLl1￿111t8 Total intome 354,373 354.373 260,023 Expenditure on.. 1292,8731 1292.8731 1276,6611 Gov¢rnanc¢ and suppon costs 11.6621 Total txpenditure 294.376 1?94,3761 278.323 Net expenditure net TnovemeTJt in funds for the year 18JOO Reconeiliition of funds und5 brought tori¥ard 46.885 46,885 65,185 Funds carricd foNard 106,882 106,882 46.885 All income and expendilure derive from eoniinuing operniions. The comparative SOFA is presentrd in Note I l of Ihe financial siaiemtnis. Document ID.. 60acdffe-ec75-4913-85dc-efd8ff88b3ab ABU FAISAL TRUST Statement of Assets Liabilities 2023 Unrestritted 2022 Total Notes Regtricted Total Fixed Assets Tangabl¢ Assets 419 419 419 419 6()9 699 Current Assets Debtors Casli at bank and in hand 525 108.549 109,074 525 108,549 109,074 225 50.624 50.849 Credil()r%-. Atni)unL% fdlling due iihin onL yLar io 14,6631 Net Current ILiabilitièsVAssets 106,463 106,463 46.186 Net {LiabilitiesllAssets 106,882 106,882 46.885 The funds of the eharity.. RLsiriciLd UnTesirieied 106.882 106.882 46,885 l()6.882 4().885 Approv¢d by th¢ trL)St¢¢& sign¢d and dated on their b¢halt by.. S Naw#z Tru%lee 2211012024 DaiL'. Document ID.. 60acdffe-ec75-4913-85dc-efd8ff88b3ab ABII FAISAL TRUST Notes to the Finathtixl Stxtements Printip*l of Attounting policies Basis of a¢eounting Tlie fill￿1claI staterneiiL% have been prepaTed in accordance with Accountiiig dnd Repnrting hN' Charities.. Stalemenl uf Recomtnended PraLIiLe appliLable 10 Lharilies preparing Iheir aCLounlS in aLLard￿te wilh the Financial Reporting Siandard applicable in the UK and the Rtpiiblic of Ireland IFRS 10?) (effective Januarv 20191- Icharilits SORP IFRS 10211, the Financial Reporiing Standard applicable in the UK 8iJd Republic of Ireland IFRS 1021. Fund attounting UnresiriLied funds represeni Ihe funds o(.4bu Faisal Trusi IhL21 É2re noi subjeLI 10 resiriciiorts regarding Ihtir use and are available for appliLalion on Ihe general Plirpose of AbLI Faisal Trusi. Restricted funds are funds subject to specific coiidition5 imposed by the donoT or by Specific tenns of a trust d¢¢d or other l¢g31 tne4sur¢. The aeefjunis incliide all tran￿¢t10nS, assets and liabilities for which Abu Faisal Trust is responsiblt in laiv. Ineome InL()Ine fi()rn diindtion% & le CollLLlions arL fLcoenigLd ￿hLn rLCLivcd by or on bLhaifofAbu Faisal Trust. Planned giving receivable under covenani is reCo￿lsed Ollly when received. Incorne tax recoTrerabl¢ on coTreiiants or gift aid donation5 is r¢cogni5ed ivh¢n the incom¢ 15 recognised. 6rallts and legacies to Abu faisal Trust ar¢ accounted for as soon as Abu Faisal Trust is notifi¢d of ils legal entitl¢rn¢iit and the ainount due. Income trorn char1Lgble actii'itits Income trorn cliarithble activities, includes the sale of dates: Is recognised in the period it is receivable. Expenditure Unless otherwise siaitd, resources exptnded are accounted tor on an accruals basis. T#thgible fixed x$$ets and depreci#tio]J Tangibl¢ a55ets ar¢ initially ￿Corded at cost, and subs¢quentlv stated at cost less any accuniulated d¢pr¢Liation and irnpairm¢nt loss¢ D¢pr¢ciation is calculated so a5 to i4.rite oft-the cost or valuation of all a55et, le55 its residual va]ue, over th¢ uKful ¢¢onoinic lif¢ of that a94¢t Us folloi¥s'. F)¢pr¢ciation is proTrided on the follo￿ing basi5'. Oftice equiprneiit 250/0 straight liiit Debtors T1￿¢ and other d¢btor5 are recognised at the 5ettl¢m¢nt atnount after anTr trade discounts otT¢r¢d. Prepavments are i'alutd at ihe amount prepaid net of anN' discounts due. CAsh at bank in hartd Cash hLld by ihc eharily is incluLd ai Ihc amouni aLILially hLld and counicd at tht vcar Lnd. -iabilili¢s ar¢ r¢cogni5ed ivh¢n th¢r¢ is an obligation at th¢ 14alance %h¢¢t dat¢ a5 4 r¢5uIt of a past ¢v¢nl it is PTI)bdhle thdt a transfer lif eLI)nc)IniL benefit will be Tequired in 4etileinenl. The atn<)Iiiit i)f the %ettletnent L bL Lstimated rLliabl). Document ID.. 60acdffe-ec75-4913-85dc-efd8ff88b3ab ABL FAJ5AL TRL15T IYole5 to the biThaneial Statement5 DoDations *nd Icgacies Lnrestricted Restricted Total Total 2023 21123 2023 2022 Doiiations 354,J7) i54.37i 354.J73 J54,i7i 2SO.023 260.023 In¢ome Irom Ch¥rit¥bl¢.A¢tivitie$ Ineome from 31Ctiiitie$ for %entrJtlDg fun￿$ DatL' salLg Total Inetsming Resourtes 354,373 344,373 260,023 F.¥E)enditure on ¢harit*hle amounrs I"nre$tri¢ted Re$tri¢ted Total 2022 2023 2023 2023 Travel Bank Lharges Wages and salaries W¢bsitL & d¢¥'ilopmcni Generdl e¥pen5es Motor ¢xpens Freibhi bhdrgeb Depreciatian Sthtrwcifar DOl￿tion platform cliarges Donations 6,433 462 23,136 958 400 6,433 462 23,136 9)8 400 3,719 633 24.782 2,394 212 279 280 280 616 260.588 292.871 616 260.588 292.87.1 321 244.321 276.661 Analy515 of wage5 and ￿]￿rieS 2023 2022 Wages and £al3ries SvLldl seLurilv 23.136 3,070 24.783 'I'he average nuIn￿r of e]nplo}'ees duringthe yeJr ￿li011Thted lo l. No employee Teceived aiiplo}'ee benefits forthe yearof illore than £60,000. Document ID.. 60acdffe-ec75-4913-85dc-efd8ff88b3ab ABL FAJ5AL TRL15T IYole5 to the biThaneial Statement5 Anaty'sis ¢bf govcrngnce And %upport eo%t5 Lnrestricted Restricted Total Total 2023 21123 2023 2022 Accounlanci. services Pr¢mis¢s ¢Np¢nses 003 900 1.503 762 900 1.662 900 1.503 Total Fxp¢nditur¢ 294.376 294.376 27%,323 'I'rustees remuneration, be￿erits and expenses Memba3 of Abii Faisal ITUSt give their liine freely and Teceive no i￿TrUneratiOn for Ilie M'ork they undertake in relaliun lu Abu Faibiil Trust. H￿%.e￿¥[, theN' Llaiin expenses tu reimburse Ihetn furLobsIs SulleT￿ in l..Ip¢ns¢s wer¢ Incurr￿ by tr￿¢¢*9, ￿ d¢t8iled belo￿,. Total 2023 Total 2022 Telepliune Mileage vf hume Tothl number ol'memher% paid expenses 900 9)0 Tangablt fiyeil a&stts Office Fquipment Total Al 31 Decem￿[ 2022 Additions At 31 DeceTnber 2023 Dtpr¢ciatio Al 31 December 2022 Cliarg¢ torth¢ k¢ar 419 280 419 280 At 31 Deecmbcr 2023 699 699 Cthrrying amount At 31 Deecmber 2023 419 419 At 31 D¢cemb¢r 2022 699 699 10 Document ID.. 60acdffe-ec75-4913-85dc-efd8ff88b3ab ABL FAJ5AL TRL15T IYole5 to the biThaneial Statement5 Debtors Lnrestricted Restricted Total Total 2023 21123 2023 2022 l¥epaymaits 52) 525 52) 525 22) 225 Ilnrcstrieted bank funds These funds are held fvr Ihe meetin¥ ofthe UbjE¢liV￿ ofih¢ Lh8rit!', its prvvide [￿e[￿e5 (tsr fulure activilies. These funds under chariii, legislation ar¢ fre¢ from all resirictions on (heir us¢. 10 Creditors: .4mounts falling ¢lue within ont )'cAr L"nreslricted Restricted 2023 2023 l-otal 2023 lotal 2022 ALLrual& ()Ilier credithrs 579 2.032 579 2,032 450 4.213 4.663 Document ID.. 60acdffe-ec75-4913-85dc-efd8ff88b3ab ABII FAISAL TRUST Notes to tht Finathtial Statements Statement of Financial Aetivities for the year ended 31 December 2022 2V22 Unrestrieted Restricted (und5 funds Z021 Total funds Total fund5 ncomc a]Jd eJ]dow]nents from= Donations and legacies 260.023 260,023 205,224 Chariiable aclivilies 790 Totsl income 260.023 260.023 ?06.014 Expenditure on: Chariiable aciiviiies 1276.6611 1276.6611 1197,7551 (iovernance and support costs 11.6621 11.6621 Total expenditure ?78.3231 27¥.323 Net expenditure and net movement in funds for the )'ear 118JlJOI 18,3001 61164 Reconciliation of funds Funds broughi torni'ard 65.185 65.185 58.321 Funds carritd forward 46.885 46.885 65.185 12 Document ID.. 60acdffe-ec75-4913-85dc-efd8ff88b3ab