Charity number: 1155934 The Noor Foundation UK Trustees, report and financial statements for the year ended 31 ML arch 2024
The Noor Foundation UK Contents Page Lega] and admim"strativ¢ information TeS report Independent examincrs. report Sraiemeni of financial activiues locome and cxpcnditure accounr Balance .theet IK0te5 10 the financial statments 10-12
The Noor Foundation UK Legal and administrative inforniation Charity number 115 j914 Business address l Downfi¢ld Close Ratnsbottom tADcashitc BLO 9HTr4 Registered office I DowT]field aose Ramsbouom Lancashire BLO 9HN Chainnan Mr Shafiquc N4shbandi Founder Secretary Mr K&%hif Naqshb4ndi Member) (Founder Trustees Ms Saba Naqshbanth" (FounderTrustee) Mr Mahmood Malik (Founder Trusieel Mrs Lubna Khan (Founder Trusiec) Accountants Nabaile Young UK 334 Slade Lane ManchcsTcr M19 ?BL Page I
The Noor Foundation UK Report of the tn]stees for the year ended 31 imarch 2024 The ttustecs prcscnt thcir report and the financial statcmcnis for the year ¢nded 31 March 2024. The tnjsiees who servcd during the year and up to the datc of thi.s repon are se( oul on page l. Structurey governance and managemenl Gokeniing documeui The Noor Foundatinn UK {registraiion no I15i9.34) i.s a charitsble incorporaied organi11n (Cto) which was regisred by the Chariiy Commission on 25 February ?014. This CTO cred io conunue the work- of Tr oor Foundaiion UK {regtslralion no 1068649). This Cto created following a resolulion by the members ofTr Noor Foundaiion UK (registrauon no l C819) on 2? February ?014 as follows: The propo.%ed Resolulion is thai conditional upon saiisfaciory registrdtion nf The NToor Foundation UK Charithle Incorporated OrganI10n ("the Cto") with the Chariiies Commisblon.. l. The affairs ol The Noor Foundation UK ("the Chariiy"), charli! registration nuvnber 1068649. Commission. be ivound up the Chariiy dissoli'ed: 2. The Executive Committee realise such assets of the Chartry as may be necessary to satisfy the debts and liabiliues of the ChartLy (if any) and subjeci io di.%charge of those debts and liabiliiies tran.qfer any asseLS held by the Chariiy 10 the CIO: !. Subjeci io agreemeni of the Te$ of the CIO, and compleiion of appropriaie applicaiion fornL8. the membership of the Chariry be uansferred io the CIO." This Cto is governed by ILS consiituiion. Bvard of Tnistees The Noor Foundation is manaoed by a dcdicaicd board of uust¢es, who ofvcrSCL the straieiyic dir¢¢rion of thc charity. Their roles include ensuring that thc cbaTity objectiN'es and adhcres 10 the highesi standards of oovernance and financial manavement. The t]usie¢s r¢cJularly reviem. the Ch]ry.5 pcrformance and set strdt¢gic ooalk for the upcoming y¢an. The govcrnance framework is desiun¢d to ensure that decision-makin£ is transpatcnl. and thai the ¢haJiiy opcralcs efficienily and sustainably. Page 2
The Noor Foundation UK Report of the trustees for the )ear ended 31 ,March 2024 Objectivls and activities The LXooT Foundaiion UK Icharity Regis(raiion No. 1155934) w'as established as a Chariiablc Incorpordted Oroanisaiion ICIO) on 25 February 2014, continuin work of ili predccessor chariry. The Noor Foundation UK IChari(y RegistraEion lio. 1068649). The chariry was crcalcd with the mission 10 prOldC rc"ef from poverry. sickness, and distress globally. with a panicular fuS on cstablishing and maintsining kidney treatment centtcs in Pakistan. The charity's maiD objective is to provide free kn"dlley dialysis s¢rviccs to the underprivileged irt Pakistan. In conjunction with its panner NGOS in Pakistan (the local PakisLim rcgistcred Noor Foundaiions and MSMS Socieryl. we operate 20 dialysis cenrres across Pakistan. serving 1,7(M) patients a[UallY. Our c¢ntrcs arc straicgically located in key locauons 10 ensure equirable access to lifc-saving dialysis treaimeni for individvals who would otherwise havc no means of affordintt such care. This Ttuslces ArUal Report rcflccts thc Noor Foundauon's ongoino cotntniiThnI to its mission of profvidinu lifc-saving dialysis rrearment to thc poor and undersetved in Pakislan. We are deeply aItl for the continued support of all our s(akcholders. and w¢ look forward 10 aclll"evtng epen greater impact in the coming year. Achievcments and perforniance In the reporring year. thc Xoor Foundallon coniinucd its tireless effons ro roeet the needs of kidney dialysis patients in Pak]"Slan. The chariry delivcrcd over 184.tK)O dialysis sessions across 20 centres. marking another siJo ificant milesione ID our work-. The work of the chartry continues 10 be driven by its mission of alleviating the burden of lidncy disease in Pakisian: vthere dialysis treaimcnt costs are often unaffordablc for many pauenis. Acknuivledgemenis We would like to express our deepesi ¢Fratiwde io all our donors. volunteers, and supporTcfs V¥ho have made our work possiblc. IN"ithout your qcncrou5 colllribuuons. IhL NOOT Foundation w'ould noi ablc to achicvc thc significani impacl it bas had in providinu frec kidney dialysis Ircatrncnts 10 those tn tteed. We also exiend our thatS to the Noor Foundation Pakn"stan and MSMS Sociery for their continued collaboiarion and partncrskn"p in dch'vcring quah.ry hLalthcarc 10 kidncy paiiLnis acmss Pakn"stan. Financial revie Th¥ Lhairm. hunurary ufficcrs and Trusiees have reviem'cd ihc rcsep¥es of t chatiN. Their policy is 10 hold enouoh funds io mc¢t six rnonths operdiing cosis of (he "Thc Noor Foundation UK." Plans for future periods As we look to (he Ihjturc. thL Ni (x)r Foundation re[nni committed io expanding i(S Teach and impa¢t. Key objectives for Ihc upcomino year include". l. Expanding Dialysis Scrvices.. We aim 10 increaic thc number of dialysis sessions proi'idcd across our existino cenrres and expand our services io additional rcoioDS. Increasing FuDdraisinu Efforts= Str¢ngtheninLTr our fijndrdisinu efforts 10 ensurc a steady stream of incomL foi. oui- ongoiD¢Y operduons and io fijnd ncm. projects. Page 3
The Noor Foundation UK Report of the trustees for the year ended 31 March 2024 3. Collaborauons and Partncrships.. Exploring new partnerships wilh healthca providers. both locally and internationally. to itnprove our scrviccs and reach more pauents in ne£d. Statement of Irustee5' responsibililie5 The trustres are respoTLsible for preparing the Tns, Annual Rewrt and the financial statements in accordance with applicable law and United Kinodom Accountsng Swidards (Uniied Kingdom Generally Accepled Accouniing Praciice). law applicable ro charities in England and Wales requires the irustees to prepare financial ststemenis foT each financial year W"Ch civc a TTUC and fair vicw of chariry and of th¢ incoming rcsourcc5 and applicaiion of rLsources of thc chariry for that year. In preparing these financial stalentS thc lrnstees are required to: select suitable accounting policies and then apply them consi>ienily: obseTre the n*thods and principles in the Charittes SORP. makc judgcmcnts and c5urnatC5 thai arc reLsonable and prudcnt: siaie whcthcr applicablc UK Accounting Srandards have becn lollowed. 5ubjcci ro any Maria] dcpartures disc105ed and explained in the financia] sraiements" and prepare the financial sthiements on the goino concern basis unless it is illappropriate 10 presume that Ihe chariry will continue in operation. The tNsiees are responsible for keeping proper accountino records which disclose with reasonable accuracy at any lime the financial pusiiion of the chariiy and enable them to ensure that the findncial staiemenis comply with the ChlieS Act 1993 and the Charity (Accounis and Repons) Regulaiions ?Th)8. They are also responsible lor safeguarding the asse of the charity and hence for taking re&sonable sreps for the preven(ion and deieciion of fraud and other On behatf ol the board Mi Kashif NaqshbaDdi {Found¢r Tr¥lcmbcr) Secretarv Page 4
The Noor Foundation UK Independent examiner's report to the trustees on the unaudited financial 5lalements of The Noor Foundation UK. I rcport on the accounL4 of Thc Noor Foundahon UK for the year ended 31 March ?074 out on page$ 2 10 12. Respective responsibilities of trustees and independent examiner A.$ Ihe charity'% trusteei S'ou are responiible for Ehe preparaiiDn ol Ihe accounis. you consider that the audit requirement of seciion 43(?) of Ihe Charities Aci 199.3 (the .4ci), as amended by section ?8 of the Chariiics Act ?(K)6 does noi apply and that an independeni examination is neede(L Ti is my responsibiliiy Lo exarnine the accoun(s under section 41(.11(aj of the ,4ci. &9 amended: io lolloiv the procedures laid down in the General Directions oiven by the Chariiy Commission under.%eciion 4117)Ib) of the .4cL as amended. and 10 thether particular ma(Icrs hai'c come to my aiieniion. Basi5 of Independent examiner's statement My examinaiion I7S carried oui in accordance with the General Direciions given by tk Chariiy Commission. examinacion IludeS a rei-iew of the accounting records kepi by the chariry and a comparison of the accounts preSend with thoie records. li also includes con>iderauon of any unusual iiems or disclosures in the accounts. and seekintr explanaiions from you as fftistres concemino an!, such rnaiiers. The procedures undertaken do noi provide all the evidence thai would be required in an audii and consequenily no opinion is given &s to whether the accounis presen( a 't and fair view and the rewrt is limited io those mtrr5 set oui in the siaieTnent below. Independent examiner's statement In connecuon with my examinauon. no maIr has come to my al[10. {]) W"Ch gives me reasonable causc to beh.eve that in any material respccT ihe requirements.. 10 keep proper accouniing records in accordance 7th section 41 of the Act: and 10 prepare accounts H,"ch accord Mith the a¢couniing rccords and to comply ihe accounling rcquirements nf rhe Act have not been mei: or (li) to which. in my opinion. att¢nrion should drawn in ordcr to cnable a proper understsndkng of thc accounrs ro be rea¢hcd. Independent examiner Page i
The Noor Foundation UK ststement of financial actiiities For the )ear ended 31 Nlarch 2024 Unrestricted Cun 2024 Total 2023 Totsl Notes Incoming resources Incoming reqnuTC¢.s from generating fijnds.. N'olunlary income 67.292 67.292 101.149 Total incoming resources 67.292 101.149 Resources twended Dialysis machines repairs and maintenan¢e Accoun(ancy fees Othct office expenses Exchange {gains)Ilosses 65.1.30 65,1.10 47.881 25 6,322 25 6.322 ?0.368 Total resource5 expended 71,777 71.777 68.549 To1 funds broughi forward ?76.757 976,757 281.240 Total funds carried forward ?79.272 27? 272 313.840 The notes on page$ 10 to 12 forni integral part of these financial statements. Page 6
The Noor Foundation UK Income and expenditsre account For the year ended 31 March 2024 2024 2023 Notes Income 67.292 101.149 Operating expendilure (71.7771 168,549) Operating (deficitvsurplus 14.4851 .12.(A)O Retained (deficit)Isurplus for the financial yrar 14.4851 32.600 The notes on pages 10 to 12 fom an integral part of these financial statements. Page 7
The Noor Foundation UK The notts on pag¢5 10 to 12 fornj an inlvwral part of ihose financial statements. Page 8
The Noor Foundation UK Balance sheet as at 31 March 2024 2024 2023 oles Current a55ets Tniesiments Ca%h ai bank and in hand 15.165 ?9?.-549 3?7.5rJ) 3?7.51K> 307,714 Creditors: amounts falling due within one year (50.7431 {?6.4741 Net current a&sets •76.7 j7 281.240 Net assets ?76.7)7 281,240 Funds unrestr1cd i0¢ funds 276.7)7 281,240 Total funds ?76.757 281.240 The finat]cia] stamenl% were approved by the J5(teS on and signed on its behalf by Mr Shafique Naqshbandi Founder Trustee The notes on page$ 10 10 12 fom an integral part of these financial statements. Page 9
The Noor Foundation UK Notes to financial ststements ror the year ended 31 %1arch 2024 Accounting policies The principal accounung policies are summarised below. The accouniing policies have been applied consistenily throughoui thc ycar and thc prcccding ycar. 1.1. Basts of accounting The financial statcmcnts arc prepared under the hisEorical cosi convention and in accordance wirh Ihe Siafcmcnl of Recommended Practice 'Accounting and Reporting by Ckniues. issued in March ?(M)5 ISORP 2(K)5) and the Cbatiues Act 199). 1.2. Incoming rLsources ,411 incomino resources are included in the sthtrment of financia] aciiviiies hen the chariiy is enii(led (o (he income and the amount can be quaniified with reasonable accuracy. The following specific policies are applied to particular categories of income.. Voluniary income is rcccii.cd by way of granLS, donations and gifts and is included in full in the statement of financial activilies when receivable. Grants w'here entiderncn( is noi conditional on the delivery of a specific perfornwKe by the chaTiiy. are recognised the chariry becomes unconditionally entiiled to the grdnt. Donated services and facilities arc itKludcd ai the value ro the chariry Véhere ihis can be quanlified. The value of services proiided by voluntCCTS I* not been iDclud¢d. Gifts doDatcd for rcsalc includcd as incorning rcsourccs within acti111¢$ for gcncTriing fijnds whcn thcy arc sold. 1.3. Resources expended Expcndiiurc is recognised on ajy accnjal basis &% a liabiliry is incurTed. Expenditurc includcs any VAT wthich catmoi be fully recovered. atLd is reported as part of the exndire io which it rclales. Costs of generaung funds comprise the cosis &ssociaied with auracling volunlary income and the eosis of trath.ng for fundraising purposes including the chariiy's shop. Chariiable cxpenditure comprise5 those cos(s incurred by the chariiy in the deliiery of ILS aciivilies 2nd 5ervi¢e5 for ils beneficiaries. It includes boih Cosis thai Can be allocaied directly 10 such aciivi(ies and those costs of an indirect nature nccci5ary 10 5uppon them. 1.4. Investments Current asse( ini'cstmcnts are ai the lower of cost and net reali5ablc valuc. 1.5. Foreign currencies Voluntary income ITnres¢ricted funds 2024 Total 2023 Donation5 67.292 67.•9? 101.149 67,?92 101,149 Page 10
The Noor Foundation UK Notes to financial statements for the year ended 31 Nlarch 2024 Employees Employment costs No salaries or 'ageS have been paid to employce4. iluding the trnsiee.%, during the year. umber of emplo)'ees The averaoe monthly numbers of employees (including Inlee$l durtng the year. calculaied on the basis of full (imc cquivalcnLb. was as folloi¥s: 2024 Number 2023 Ilumber Administration Current a55et investments 2024 20?3 Other unlistcd invcstments Creditor5: amounts falling due within one vear 2024 2023 Trade crediiors Other creditors Accrual.s and deferred incomc ?5.707 25,874 9(K) 6(X) 50.743 ?6,474 Analysi5 of net a&sets between fund5 Tot21 funds Fund balances ar_31 March ?0?4 i% rcprc%cnied by: Pagell
The Noor Foundation UK Notes to financial statements for the year ended 31 l1arch 2024 Unrestricted funds Al 01 April Incoming Outgoing 2023 resources resources At 31 March 2024 General funds 67.292 {71.775) 276,757 Page 12
The Noor Foundation U]( The following pages do not forni part of the ststutorj account&
The Noor Foundation UK Detailed statement of financial activities For the year ended 31 Nlarch 2024 2024 ?J)23 Incoming resources Incoming resources from genernting funds: Vnliinlon, income Donauons 67,29? 101.149 67.?9? 101.149 Total incoming resources from generating funds 67.?99 101.149 Total incoming resources 67.292 101,149 Resources expended Costs of generating fund5: Activiry l - Professional - Ac¢ountancy fccs 3(M) 300 3(M) 300 Total cost of generating ioluntary income Fundraising trading: Cost of gd5 sold and other costs Total costs of generating funds 31x1 300 31x1 300 Page 14
The Noor Foundation UK Detsiled statement of fmancfial activities For the year ended 31 March 2024 2024 2023 Charitable aetiTrities KidneTr dia]vsis Aciii'iiie.f undenaken direcil), Dialysis machines rq)air5 and maintet]ance 6).130 47,881 65.130 47.881 KidneTr dial)sis tolal expenditure Total charitsble activity expenditure Governance costs Aciii'iiies uiidertal-en direcily Office expenses- Other Exchangc gainsloosses) 65.110 47,881 65.130 47.1181 24 6.322 ?0.368 6.-346 20.368 Total goTrernance costs 20,368 Net incominW(outgoing) resources for the year (4,4841 32.6(K) Page 15