2022-07-31-accounts - UK Seed Pakistan

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REGISTERED CHARITY NUMBER: 1158192

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 July 2022

for

UK Seed Pakistan

RA Accountants LLP 2nd Floor Grove House 55 Lowlands Road Harrow Middlesex HA1 3AW

UK Seed Pakistan

Contents of the Financial Statements for the Year Ended 31 July 2022

	Page
Report of the Trustees	1 to 2
Independent Examiner's Report	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Financial Statements	6 to 10
Detailed Statement of Financial Activities	11

UK Seed Pakistan

Report of the Trustees for the Year Ended 31 July 2022

The trustees present their report with the financial statements of the charity for the year ended 31 July 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 aims

SEED aims to be a platform for empowering Pakistani youth by providing means to education and vocational training. We will also engage with communities to provide Safe Drinking Water to underprivileged areas and to promote the importance of education. Ultimately, SEED Pakistan aims to create develop human resources for the benefit of Pakistani society as a whole.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1158192

Principal address

124 Baker Street London W1U 6TY

Trustees

Mr A Mashkoor Trustee Mrs F Tahir Trustee Mr M Hussain Trustee Ms F Ahmed Trustee Mrs Y Mashkoor Trustee Ms H Mirza Trustee

Independent Examiner

RA Accountants LLP 2nd Floor Grove House 55 Lowlands Road Harrow Middlesex HA1 3AW

Page 1

UK Seed Pakistan

Report of the Trustees for the Year Ended 31 July 2022

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

............................................................ Mr A Mashkoor - Trustee

Page 2

Independent Examiner's Report to the Trustees of UK Seed Pakistan

Independent examiner's report to the trustees of UK Seed Pakistan

I report to the charity trustees on my examination of the accounts of UK Seed Pakistan (the Trust) for the year ended 31 July 2022.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Abdul Hafeez RA Accountants LLP 2nd Floor Grove House 55 Lowlands Road Harrow Middlesex HA1 3AW

Date: .............................................

Page 3

UK Seed Pakistan

Statement of Financial Activities for the Year Ended 31 July 2022

		31.7.22	31.7.21
		Unrestricted	Total
		fund	funds
			as restated
	Notes	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		44,600	57,500
EXPENDITURE ON
Charitable activities
Educational causes		85,000	-
Other		141	17
Total		85,141	17
NET INCOME/(EXPENDITURE)		(40,541)	57,483
RECONCILIATION OF FUNDS
Total funds brought forward
As previously reported		273,863	228,880
Prior year adjustment	4	12,500	-
As restated		286,363	228,880
TOTAL FUNDS CARRIED FORWARD		245,822	286,363

The notes form part of these financial statements

Page 4

UK Seed Pakistan

Balance Sheet 31 July 2022 CURRENT ASSETS Notes Cash at bank CREDITORS Amounts falling due within one year 5 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 6 Unrestricted funds TOTAL FUNDS	31.7.22 31.7.21 Unrestricted Total fund funds as restated £ £ 246,722 287,263 (900) (900) 245,822 286,363 245,822 286,363 245,822 286,363 245,822 286,363 245,822 286,363

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Mr A Mashkoor - Trustee

The notes form part of these financial statements

Page 5

UK Seed Pakistan

Notes to the Financial Statements for the Year Ended 31 July 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial reporting Standard applicable in the UK and Republic of Ireland" and the companies Act 2006.

The financial statements have been prepared under historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Page 6

continued...

UK Seed Pakistan

Notes to the Financial Statements - continued for the Year Ended 31 July 2022

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2022 nor for the year ended 31 July 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2022 nor for the year ended 31 July 2021.

3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricte fund as restated £ INCOME AND ENDOWMENTS FROM Donations and legacies 57,500 EXPENDITURE ON Other 17 NET INCOME 57,483 RECONCILIATION OF FUNDS Total funds brought forward 228,880 TOTAL FUNDS CARRIED FORWARD 286,363

Page 7

continued...

UK Seed Pakistan

Notes to the Financial Statements - continued for the Year Ended 31 July 2022

4. PRIOR YEAR ADJUSTMENT

			2022		2021
	B/f funds		286,363		228880
	Net Movement in funds		(40,540)		44,983
	Prior Year Adjustment				12500
	C/f funds		245,822		286,363
5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE		YEAR
				31.7.22	31.7.21
					as
					restated
				£	£
	Other creditors			900	900
6.	MOVEMENT IN FUNDS
			Prior	Net
			year	movement	At
		At 1.8.21	adjustment	in funds	31.7.22
		£	£	£	£
	Unrestricted funds
	General fund	273,863	12,500	(40,541)	245,822
	TOTAL FUNDS	273,863	12,500	(40,541)	245,822

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ Resources expended £ Movement in funds £ 44,600 (85,141) (40,541)
	44,600 (85,141) (40,541)

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continued...

UK Seed Pakistan

Notes to the Financial Statements - continued for the Year Ended 31 July 2022

6. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net movement At 1.8.20 in funds £ £ Unrestricted funds General fund 228,880 57,483 TOTAL FUNDS 228,880 57,483 Comparative net movement in funds, included in the above are as follows: Unrestricted funds Incoming resources £ Resources expended £ General fund 57,500 (17) TOTAL FUNDS 57,500 (17) A current year 12 months and prior year 12 months combined position is as follows: Prior year Net movement At 1.8.20 adjustment in funds £ £ £ Unrestricted funds General fund 228,880 12,500 16,942 TOTAL FUNDS 228,880 12,500 16,942	At 1.8.20 £ 228,880	At 1.8.20 £ 228,880	Net movement in funds £ 57,483	Net movement in funds £ 57,483	At 31.7.21 £ 286,363 286,363 Movement in funds £ 57,483	At 31.7.21 £ 286,363 286,363 Movement in funds £ 57,483
	228,880		57,483
		57,500		(17)		57,483
months combined position is as follows: Prior year Net movement At 1.8.20 adjustment in funds £ £ £ 228,880 12,500 16,942					At 31.7.22 £ 258,322 258,322
228,880 12,500 16,942

Comparative net movement in funds, included in the above are as follows:

A current year 12 months and prior year 12 months combined position is as follows:

Page 9

continued...

UK Seed Pakistan

Notes to the Financial Statements - continued for the Year Ended 31 July 2022

6. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ Resources expended £ Movement in funds £ 102,100 (85,158) 16,942
	102,100 (85,158) 16,942

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2022.

Page 10

UK Seed Pakistan

Detailed Statement of Financial Activities for the Year Ended 31 July 2022

INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Pakistan educational fees Support costs Finance Bank charges Total resources expended Net (expenditure)/income	31.7.22 £ 31.7.21 as restated £ 44,600 57,500 44,600 57,500 85,000 - 141 17 85,141 17 (40,541) 57,483

This page does not form part of the statutory financial statements

Page 11