REGISTERED CHARITY NUMBER: 1155934
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
The Noor Foundation Uk
Nabaile Young Chartered Accountants 334 Slade Lane Manchester United Kingdom M19 2BL
The Noor Foundation Uk
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 |
The Noor Foundation Uk
Report of the Trustees
for the Year Ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and activities
The work of this CIO is set out in its constitution (dated 2 January 2014). It was established to continue the work of the previous incarnation of The Noor Foundation UK (registration number 1068649) which is; the relief of poverty, sickness and distress anywhere is the world, in particular but not exclusively by aiding in establishing and maintaining kidney treatment centres in Pakistan.
ACHIEVEMENT AND PERFORMANCE
At the time of the preparation of these accounts, confirmation of transfer of assets from the Charity to the CIO is awaited.
FINANCIAL REVIEW
The chairman, honorary officers and Trustees have reviewed the reserves of the charity. Their policy is to hold enough funds to meet six months operating costs of the "The Noor Foundation UK."
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Noor Foundation UK (registration no 1155934) is a charitable incorporated organisation (CIO) which was registered by the Charity Commission on 25 February 2014.
This CIO was created to continue the work of The Noor Foundation UK (registration no 1068649).
This CIO was created following a resolution by the members of The Noor Foundation UK (registration no 1068649) on 22 February 2014 as follows:
"The proposed Resolution is that conditional upon satisfactory registration of The Noor Foundation UK Charitable Incorporated Organisation ("the CIO") with the Charities Commission:
-
The affairs of The Noor Foundation UK ("the Charity" ), charity registration number 1068649, Commission, be wound up and the Charity dissolved;
-
The Executive Committee realise such assets of the Charity as may be necessary to satisfy the debts and liabilities of the Charity (if any) and subject to discharge of those debts and liabilities transfer any assets held by the Charity to the CIO;
-
Subject to agreement of the Trustees of the CIO, and completion of appropriate application forms, the membership of the Charity be transferred to the CIO."
This CIO is governed by its constitution.
Page 1
L• nd REFERENCE AND ADMINISTRATIVE DEfAILS Registered Charity number 1155934 Principal addrnss 1 Downfield Closé Ramsbottom Lanchashire BLO 9HN Trustees S NAQSHBANDI Chaimian M MALIK Trustee Mrs S S NAQSHBANDI Trustao K S NAQSHBANDI TNstee Mrs L S KHAN Twstee Approved by order of the board of trustees on .......... ... behalf by.. sÉgned on its K S NAQSHBANDI - Truste8 Page 2
The Noor Foundation Uk
Statement of Financial Activities for the Year Ended 31 March 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Raising funds 2 Charitable activities Kidney dialysis Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.3.22 Unrestricted fund £ 98,800 300 73,317 73,617 25,183 223,456 248,639 |
31.3.21 Total funds £ 90,422 |
|---|---|---|
| - 79,302 |
||
| 79,302 | ||
| 11,120 212,336 |
||
| 223,456 |
The notes form part of these financial statements
Page 3
31 March 20 31.3.22 Unrestrictwj fund 31.3.21 Total funds Notes CURRENT ASSETS Investments Cash 81 bank and In hand 15,165. 251,7e8 15,165 208.291 2e8,931 223,4 CREDITORS Amounts f811ing due Y•ithin one year (18,292) NET CURRENT ASSETS 248.639 223,458 TOTAL ASSETS LESS CURRENT LIABIUTIES 248,639 223.456 NET ASSETS 248.639 223.4 FUNDS Unrestricted funds 248,639 223,45S TOTAL FUNDS 248.639 223,456 Thè financtal statements Voere approved by the Board of Trustees and authorised for issue on . and were signed C its behalf by: S NA(2SHBANDI- Trustee The notes fomi part of these financial statements Page 4
The Noor Foundation Uk
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 1993.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Investments
Current asset investments are at the lower of cost and net realisable value.
Page 5
continued...
The Noor Foundation Uk
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
2. RAISING FUNDS
| Raising donations and legacies | ||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Support costs | 300 | - |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 90,422 |
| EXPENDITURE ON | |
| Charitable activities | |
| Kidney dialysis | 79,302 |
| NET INCOME | 11,120 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 212,336 |
| TOTAL FUNDS CARRIED | |
| FORWARD | 223,456 |
Page 6
continued...
The Noor Foundation Uk
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 5. CURRENT ASSET INVESTMENTS Unlisted investments 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 7. MOVEMENT IN FUNDS At 1.4.21 £ Unrestricted funds General fund 223,456 TOTAL FUNDS 223,456 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 98,800 TOTAL FUNDS 98,800 Comparatives for movement in funds At 1.4.20 £ Unrestricted funds General fund 212,336 TOTAL FUNDS 212,336 |
||
|---|---|---|
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continued...
The Noor Foundation Uk
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 90,422 | (79,302) | 11,120 |
| TOTAL FUNDS | 90,422 | (79,302) | 11,120 |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| movement | At | ||
| At 1.4.20 | in funds | 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 212,336 | 36,303 | 248,639 |
| TOTAL FUNDS | 212,336 | 36,303 | 248,639 |
| A current year 12 months and prior year | 12 months combined | net movement in fund | |
| included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 189,222 | (152,919) | 36,303 |
| TOTAL FUNDS | 189,222 | (152,919) | 36,303 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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continued...
The Noor Foundation Uk
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 9
The Noor Foundation Uk
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2022 | ||
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 98,800 | 90,422 |
| Total incoming resources | 98,800 | 90,422 |
| EXPENDITURE | ||
| Charitable activities | ||
| Fresenius medical care | 65,554 | 64,101 |
| Exchange gains/(losses) | 7,584 | 14,816 |
| 73,138 | 78,917 | |
| Support costs | ||
| Finance | ||
| Bank charges | 23 | 385 |
| Information technology | ||
| Light and heat | 156 | - |
| Governance costs | ||
| Accountancy and legal fees | 300 | - |
| Total resources expended | 73,617 | 79,302 |
| Net income | 25,183 | 11,120 |
This page does not form part of the statutory financial statements
Page 10