REGISTERED CHARITY NUMBER: 1158192
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 July 2024
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 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 8 |
| Detailed Statement of Financial Activities | 9 |
UK Seed Pakistan
Report of the Trustees for the Year Ended 31 July 2024
The trustees present their report with the financial statements of the charity for the year ended 31 July 2024. 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 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................... Mr A Mashkoor - Trustee
Page 1
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 2024.
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 2
UK Seed Pakistan
| Statement of Financial Activities for the Year Ended 31 July 2024 Notes INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Educational causes Disaster Relief Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.7.24 Unrestricted fund £ 156,256 105,000 - 166 105,166 51,090 88,790 139,880 |
31.7.23 Total funds £ 54,751 106,600 105,000 183 211,783 (157,032) 245,822 88,790 |
|---|---|---|
The notes form part of these financial statements
Page 3
UK Seed Pakistan
Balance Sheet
31 July 2024
Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 4 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 5 Unrestricted funds TOTAL FUNDS |
31.7.24 Unrestricted fund £ 140,780 (900) 139,880 139,880 139,880 139,880 139,880 |
31.7.23 Total funds £ 89,690 (900) 88,790 88,790 88,790 88,790 88,790 |
|---|---|---|
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 4
UK Seed Pakistan
Notes to the Financial Statements
for the Year Ended 31 July 2024
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.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.
Page 5
continued...
UK Seed Pakistan
| Notes | to the Financial Statements-continued | |||
|---|---|---|---|---|
| for the Year Ended 31 July 2024 | ||||
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 54,751 | |||
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| Educational causes | 106,600 | |||
| Disaster Relief | 105,000 | |||
| Other | 183 | |||
| Total | 211,783 | |||
| NET INCOME/(EXPENDITURE) | (157,032) | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 245,822 | |||
| TOTAL FUNDS CARRIED | ||||
| FORWARD | 88,790 | |||
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.7.24 | 31.7.23 |
|||
| £ | £ | |||
| Other creditors | 900 | 900 | ||
| 5. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At |
|||
| At 1.8.23 | in funds | 31.7.24 |
||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 88,790 | 51,090 | 139,880 | |
| TOTAL FUNDS | 88,790 | 51,090 | 139,880 |
Page 6
continued...
UK Seed Pakistan
Notes to the Financial Statements - continued for the Year Ended 31 July 2024
5. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 156,256 156,256 |
Resources expended £ (105,166) (105,166) |
Movement in funds £ 51,090 51,090 |
|---|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.8.22 £ 245,822 245,822 |
Net movement in funds £ (157,032) (157,032) |
At 31.7.23 £ 88,790 |
|---|---|---|---|
| 88,790 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 54,751 54,751 |
Resources expended £ (211,783) (211,783) |
Movement in funds £ (157,032) (157,032) |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.8.22 | in funds |
31.7.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 245,822 | (105,942) | 139,880 |
| TOTAL FUNDS | 245,822 | (105,942) | 139,880 |
Page 7
continued...
UK Seed Pakistan
Notes to the Financial Statements - continued for the Year Ended 31 July 2024
5. 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 £ 211,007 211,007 |
Resources expended £ (316,949) (316,949) |
Movement in funds £ (105,942) (105,942) |
|---|---|---|---|
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2024.
Page 8
UK Seed Pakistan
| Detailed Statement of Financial Activities for the Year Ended 31 July 2024 INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Pakistan educational fees Disaster Relief Causes Support costs Finance Bank charges Total resources expended Net income/(expenditure) |
31.7.24 £ 156,256 156,256 105,000 - 105,000 166 105,166 51,090 |
31.7.23 £ 54,751 54,751 106,600 105,000 211,600 183 211,783 (157,032) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 9