REGISTERED COMPANY NUMBER: 08747195 (England and Wales) REGISTERED CHARITY NUMBER: 1162576
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 October 2021 for The Anzal Begum Foundation Limited
The Anzal Begum Foundation Limited
Contents of the Financial Statements for the Year Ended 31 October 2021
| Page | |
|---|---|
| Contents of the Financial Statements | |
| Report of the Trustees | 2-6 |
| Report of the Independent Examiner | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 • 14 |
The Anzal Begum Foundation Limited
Contents of the Financial Statements for the Year Ended 31 October 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2021. 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 2015).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our charity's purposes are as set out in the objects contained in the company's governing documents and are;
Disaster relief - the relief of financial need and suffering among victims of natural or other kinds of disaster in the form of money (or other means deemed suitable) for persons, bodies, organizations and/or countries affected worldwide, including the provision of medical aid.
Relief of poverty- the prevention or relief of poverty ( or financial hardship) anywhere in the world by providing or assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be selfsufficient
Relief of sickness
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The relief of sickness and the preservation of health amongst people residing permanently or temporarily in Pakistan, Bangladesh and India.
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To assist in the treatment and care of persons suffering from mental or physical illness of any description or in need of rehabilitation as a result of such illness, by the provision of facilities for work and recreation.
Relief of financial hardship
- The relief of financial hardship among people living or working in England and Wales - particularly Birmingham and areas stated outside of the UK - (Afghanistan, Armenia, Bangladesh, Burma, Cameroon, Central African Republic, Chad, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea - Bissau, India, Indonesia, Iran, Iraq, Israel, Ivory Coast, Jordan, Kenya, Lebanon, Liberia, Libya, Malawi, Malaysia, Mali, Mauritania, Morocco, Mozambique, Namibia, Nepal, Niger, Nigeria, Occupied Palestinian Territories, Pakistan, Republic of Congo, Syria, Turkey, Turkmenistan and Yemen) by providing such persons with (goods/services) which they could not otherwise afford through la ck of means.
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The Anzal Begum Foundation Limited
Report of the Trustees for the Year Ended 31 October 2021
OBJECTIVES AND ACTIVITIES - continued
Objectives and aims - continued
- The relief of financial hardship either generally or individually, of people living in - (Afghanistan, Armenia, Bangladesh, Burma, Cameroon, Central African Republic, Chad, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia, Gabon, Gambia, Ghana. Guinea, Guinea - Bissau, India, Indonesia, Iran, Iraq, Israel, Ivory Coast, Jordan, Kenya, Lebanon, Liberia, Libya, Malawi, Malaysia, Mali, Mauritania, Morocco, Mozambique, Namibia, Nepal, Niger, Nigeria, Occupied Palestinian Territories, Pakistan, Republic of Congo, Syria, Turkey, Turkmenistan and Yemen) by making grants of money for providing or paying for items, services or facilities.
The trustees consider that they have complied with the duty in section 17 of the Charities Act 2011 lo have due regard lo public benefit guidance published by the Charily Commission.
ACHIEVEMENT AND PERFORMANCE Charitable activities
Our primary charitable activities during the year were:
- To co ordinate and organize awareness events for the Anzai Begum Foundation to communicate the vision and the objectives set out within the charity organization.
-The organization of events with a view to raise funds strategically lo be delivered as grants to worthy causes as set out in the objectives of The Anzai Begum Foundation.
-To develop a marketing strategy to build an audience to reach through social media platforms, mostly Facebook during this period.
-To offer opportunities for volunteers to apply and become involved in the work and vision of the charily and also allocate an ambassador to build credibility.
-The income generated by the charity arose entirely from donations and grants made were within the objectives set out for the Anzai Begum Foundation.
• To look at change strategy lo continue our charity's vision and purpose through the COVID19 Pandemic.
FINANCIAL REVIEW
Reserves policy
The trustees do not currently have a reserves policy as the charily does not employ staff or acquire any liabilities. At an appropriate lime the trustees are likely to adopt a policy of at least three months running costs.
Financial Overview
The trustees consider this year's reserves position of £98,265 to be sufficient to fulfill all obligations expected within the next 12 months.
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The Anzal Begum Foundation Limited
Report of the Trustees for the Year Ended 31 October 2021
FINANCIAL REVIEW - continued
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorizing these financial statements, The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
FUTURE PLANS
The future priorities evolve around the following activities and strategy:
- To organize and upscale in the size of awareness and fundraising events.
-To place targets for fundraising and look at a strategy where this can be shared amongst volunteers working towards the vision and objectives as set out in the articles of the charity,
-To develop a robust grant allocation strategy to ensure the charity grants are in line with resolving issues such as poverty, orphan support, domestic violence and food shortages locally and internationally.
-To embark on a long term orphan care and fresh water project within the locality of Pakistan to provide sustainable orphan care and fresh water access to large area of beneficiaries within the Tharparkar district of Pakistan.
-To explore medical and educational projects for the long term fundraising objectives over at least 24 months with a view to collaborate in the build and development of SMART JC\ hospital and a school specifically for educating orphans.
-To look at a marketing a tool to connect lnstagram and Facebook platforms to really develop and engage ar, audience and create opportunities to promote content to raise such as in Ramadan.
-To explore further opportunities to collaborate with other charities and organizations, lo expand our projects and delivery, and that we continue support in line with The Anzai Begum Foundation's vision, aims and objectives.
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The organization is a charitable company limited by guarantee incorporated on 24 October 2013 and registered as a charity on 8 July 2015. It was established under a Memorandum of Association, the objects of which were amended by the Annual General Meeting on 30 May 2015 prior to application for registration as a charity, It is governed under Its Articles of Association.
Organizational structure
The directors of the company are also charily trustees for the purposes of charity law and form the Board of the company,
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The Anzal Begum Foundation Limited
Report of the Trustees
for the Year Ended 31 October 2021
Key management remuneration
The board of directors, who are the charity's trustees comprise the key management personnel of the charity, in charge of directing, controlling, running and operating the charity on a day to day basis. No directors were remunerated for services provided to the charity for this reporting period.
Risk management
The significant risks facing the charity continue to be a downturn in voluntary donations made to the charity as a result of challenging economic conditions. In order to manage this risk, the trustees continue to implement a strategic fundraising plan.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 08747195 (England and Wales)
Registered Charity number
1162576
Registered office
66-68 Summer Lane Birmingham West Midlands 819 3NG
Trustees
Muhammed Waqaas Babar Mauheed Johngir
Accountants
SAB & SAB Accountants 24 Finnemore Road
Birmingham B9 5XN
Independent Examiners
Pir Khan 24 Finnemore Road Birmingham B95XN
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The Anzal Begum Foundation Limited
Report of the Trustees for the Year Ended 31 October 2021
STATEMENTOF TRUSTEES RESPONSIBILITIES
The trustees (who are also the directors of The Anzai Begum Foundation Limited for the purposes of company law) are responsible for preparing the report of the trustees and the financial statements in accordance with applicable law and United Kingdom accounting standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently,
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observe the methods and principles in the Charity SORP,
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make judgements and estimates that are reasonable and prudent,
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prepare the financial statements on the going concern basis unless it is inappropriate to
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presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 29 July 2022 and signed on its behalf by: I f / /f<'"'"t-r II ""r ,?'1 � (��;/.-i/ Mauheed Johngir Trustee /Y.--..:{
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The Anzai Begum Foundation Limited
Independent Examiner's Report to the Trustees for the Year Ended 31 October 2021
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 October 2021 which are set out on pages' 8 to 14.
Responsibilities and basis of report
As trustees of the charity you are responsible for the preparation of the accounts In accordance with the requirements of the Charities Statement of Recommended Practice (SORP).
Having satisfied myself that the accounts of the Charity are not required to be audited and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) ofthe2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe:
1) accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2) the accounts do not accord with those records; or
3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
I have no concerns and have come across no 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,
') r, 24 Finnemore Road ���t\:--- Birmingham B95XN
29/07/2022
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The Anzai Begum Foundation Limited
Statement of Financial Activities f or the Year Ended 31 October 2021
| 31.10.21 | 31.10.21 | 31.10.20 | ||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| Notes | ||||
| £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 2 | 199,330 | 199,330 | 60,251 |
| Total | 199,330 | 199,330 | 60,251 | |
| Expenditure on | ||||
| Charitable activities | ||||
| Charitable activities | 3 | 108,609 | 108,609 | 55,500 |
| Total | 108,609 | 108,609 | 55,500 | |
| NET INCOME | 90,721 | 90,721 | 4,751 | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought frard | 7,544 | 7,544 | 2,793 | |
| TOTAL FUNDS CARRIED FORWRD | 98,265 | 98,265 | 7,544 |
CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities.
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The Anzai Begum Foundation Limited
Balance Sheet
for the Year Ended 31 October 2021
| 31.10.21 | 31.10.21 | 31.10.20 | ||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| funds | fnds | funds | ||
| Notes | £ | £ | £ | |
| CURRENT ASSETS | ||||
| Cash at bank and in hand & Other Debtors | 145,058 | 145,058 | 58,404 | |
| CREDITORS | ||||
| Amounts falling due within one year | 5 | 530 | 530 | 860 |
| NET CURRENT ASSETS/(LIABILITIES) | 144,528 | 144,528 | 57,544 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 144,528 | 144,528 | 57,544 | |
| CREDITORS | ||||
| Amounts falling due afer more than one yea, | 11 | 46,263 | 46,263 | 50,000 |
| NET ASSETS | 98,265 | 98,265 | 7,544 | |
| FUNDS | ||||
| Unrestricted funds | 98,265 | 98,265 | 7,544 | |
| 98,265 | 98,265 | 7,544 |
For the year ending 31 October 2021, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the Board of Trustees on 29 July 2022 and were signed on its behalf by:
Mauheed Johngir Trustee
g
The Anzal Begum Foundation Limited
Notes to the Financial Statements
for the Year Ended 31 October 2021
1 ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 fract1 ce 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 2015)', 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 the historical cost convention.
Income
All income is recognized in the Statement of Financial Activities once the charity 11as entitlement to the funds, ii is probable that the income will be received and the amount can be measured reliably.
For donations to be recognized the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then the income is deferred until those conditions are fully met or the fulfillment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is usually upon notification of interest paid or payable by the Bank.
Expenditure
Liabilities are recognized 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 s settlement and the amount of the obligation can be measured reliably. Expenditure is acco1Jnted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Where costs cannot be directly attributed to a particular heading they have been allocated to activities on a basis consistent with the use of resources. Expenditure is classified under the following activity headings:
Charitable activities - this comprises the direct costs of activities undertaken to further the purposes of the charity, Including grants payable and all associated support costs.
Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside the central of the charity.
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The Anzal Begum Foundation Limited
Notes to the Financial Statements for the Year Ended 31 October 2021
ACCOUNTING POLICIES - continued
Expenditure continued
Support costs are those that assist in the work of the charity but do not directly represent charitable activities and include office costs, governance costs, and administrative and payroll costs. They are i11cu1Jed directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.
Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
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.
2 DONATIONS AND LEGACIES
| 31.10.21 | 31.10.20 | ||
|---|---|---|---|
| £ | £ | ||
| Donations | 199,330 | 60,251 | |
| 3 | CHARITABLE ACTIVITIES COST | ||
| 31.10.21 | 31.10.20 | ||
| £ | £ | ||
| Charitable activities Governance cost |
108,609 108,609 |
55,070 430 SS,Sii |
4 TRUSTEES REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2021 nor the year ended 31 October 2020.
Trustees "expenses
There were no trustees' expenses paid for the year ended 31 October 2021 nor the year ended 31 October 2020 except f[o] r reasonable out of pocket expenses.
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The Anzal Begum Foundation Limited
Notes to the Financial Statements for the Year Ended 31 October 2021
5 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals and deferred income 31.10.21 £ 530 |
31.10.20 £ 860 |
|---|---|
6 GRANT PAYMENTS
There were 12 grants awarded during the year to Human Appeal which is a UK Registered Charity (Registration number 1154288). These grants amounted to £64,935.
7 MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At31.10.21 in funds At31.10.20 £ £ £ 98,265 90,721 7,544 98,265 ~~90,72�~~ ~~7~~,544 |
|---|---|
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 199,330 108,609 90,721 199,330 108,609 90,721 |
|---|---|
- 8 RELATED PARTY DISCLOSURES
There were no transactions with related parties in this reporting period.
9 COMMITMENTS
There were no operating lease payments committed beyond the year ended 31 October 2021 nor for the year ended 31 October 2020
10 STAFF COSTS ANO ASSOCIATED EXPENSES
There were no staff costs or associated expenses for the year ended 31 October 2021 nor for the year ended 31 October 2020.
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The Anzal Begum Foundation Limited
Notes to the Financial Statements for the Year Ended 31 October 2021
11 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| Covid-19: Bounce Back Loan (BBLS) 31.10.21 £ 46,263 |
31.10.20 £ 50,000 |
|---|---|
The Charity successfully applied for a £50,000 loan from the Covid-19: Bounce Back Loan Scheme. 'this was received in June 2020.
12 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2020
| INCOME AND ENDOWMENTS FROM Donations and legacies Total EXPENDITURE ON Charitable activities Charitable activities Total NET INCOME RECONCILIATION OF FUNDS Total funds brought fiard TOTAL FUNDS CARRIED FORWRD |
31.10.20 Unrestricted funds £ 60,251 31.10.20 Restricted funds £ |
31.10.20 Total fnds £ 60,251 |
|---|---|---|
| 60,651 55,500 55,500 4,751 2,793 7 544 |
60,651 55,500 |
|
| 55,500 4,751 2,793 7 544 |
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The Anzal Begum Foundation Limited
Notes to the Financial Statements for the Year Ended 31 October 2021
13 COMPARATIVE MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 OCTOBER 2020
| FORTHEYEAR ENDED 31 OCTO | BER 2020 | |||
|---|---|---|---|---|
| Net | ||||
| movement | ||||
| At 31.10.20 | in funds | j | 31.10.19 | |
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fnd | 7,544 | 4,751 | 2,793 | |
| TOTAL FUNDS | 7.544 | 4 751 | 2 793 |
Net movement in funds, included In the above are as follows:
| Unrestricted funds General fund Incoming resources £ 60,251 Resources expended £ 55,500 |
Movement in funds £ 4,751 4.751 |
|---|---|
| TOTAL FUNDS 60 251 55 500 |
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