Charity Registration No. 1163657
SHAHID AFRIDI FOUNDATION - UK (the "Charity")
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020
On behalf of the Trustees 27 September 2021
SHAHID AFRIDI FOUNDATION (UK)
CONTENTS
| Page | |
|---|---|
| CHARITY INFORMATION | 2 |
| TRUSTEES' REPORT | 3 |
| INDEPENDENT EXAMINER'S REPORT | 5 |
| STATEMENT OF FINANCIAL ACTIVITIES | 6 |
| STATEMENT OF FINANCIAL POSITION | 7 |
| NOTES OF THE ACCOUNTS | 8 |
SHAHID AFRIDI FOUNDATION (UK)
CHARITY INFORMATION
| Trustees | Current | Joined |
|---|---|---|
| Ms Shaheen Zaman Khan | 14.02.2019 | |
| Dr Waqar Ahmed | 12.09.2020 | |
| Dr Atif Malik | 12.09.2020 | |
| Charity number | 1163657 | |
| Registered office | 38 Leyfield, | |
| Worcester Park, | ||
| Surrey, | ||
| KT4 7LR | ||
| Bankers | Habib Bank Limited | |
| 65 – 69 Edgeware Road | ||
| London | ||
| W2 2HZ |
On behalf of the Trustees 27 September 2021
Page 2
SHAHID AFRIDI FOUNDATION (UK)
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2020
The trustees' present their report and financial statements for the year ended 30 November 2020.
Objectives:
The objective of the Charity is to further such charitable purposes as the Trustees see fit from time to time in particular but not exclusively by making grants to charities and organisations furthering charitable purposes which support:
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The advancement of education in particular those supporting the construction and running of schools in deprived or underdeveloped areas of the world.
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The advancement of health and the saving of lives in particular those supporting the construction and running of hospitals and that promote good medical practice for the benefit of patients in deprived or under developed areas of the world.
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The procurement and provision of water facilities for people in need.
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The promotion of the arts and culture for the public benefit and those charities or organisations furthering charitable purposes that promote amateur sport or games (in particular but not limited to the sport of cricket) i.e. sports or games which promote good health by involving physical or mental skill or exertion among those in deprived or under developed areas of the world.
The charity do following activities to achieves its objectives:
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The promotion of education and health in deprived or underdeveloped areas.
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The construction and running of hospitals in deprived or underdeveloped areas.
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The promotion of sports in deprived or underdeveloped areas.
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The provision of means to access clean water for the needy.
The first project for the Foundation was the setting up of the Sahibzada Fazal Rehman Memorial and Charity Hospital in Kohat KPK, Pakistan.
Governing Document:
The charity is controlled by its governing document, a deed of trust, and constitutes a charitable incorporated organisation (CIO) by the Charities Act 2006.
Activities and performance during the year:
Our aim is to support projects in underdeveloped countries. The initial support is in Pakistan which involve projects such as the maternity hospitals in Tangi Banda, Kohat and Hospital in Tharparkar Sindh. Our aim was to raise money by organising charity fund raising events across the UK. Charity has hosted fundrasing dinners in London, Birmingham and Leeds. During 2020, amount of £85,627.92 was transferred to Pakistan which was used to:
i) donate water tanks / Hand pumps in KPK / Sindh;
ii) purchasing of medicine and zakat for SFCH Hospital; and
iii) Provide funding for the establishment of schools for the needy around Pakistan.
The Trustees and volunteers have worked tirelessly to raise funds for the Foundation.
The results for the year are set out in the attached accounts. The Surplus for the year amounted to £ 202,388 (2019: £30,963)
Page 3
In reviewing the Charity reserve, the trustees' have decided that the charity needs to hold a small amount of reserves to cover emergency situations.
For planned programme the charity takes around 3 to 6 months to make funding decisions and its policy is never to commit funds that it does not have. Therefore to prevent disruption to overseas programme it is felt around 6 months of reserves need to be held.
The amount of reserves held is therefore broadly in line with the Trustees' view of reserve's needs. Reserves are expected to remain at the planned level for the foreseeable future. Any excess reserves will be committed in the new financial year.
The restricted funds should not be included in the Trustees' view of reserve needs because these restricted funds are only for to organise the relevant programmes. Normally these funds should be spent within 6 months of receipt.
Trustees are currently assessing the current pandemic situation; however, they do not foresee any negative impact on charity's fundraising abilities.
On behalf of the Trustees 27 September 2021
............................................. Shaheen Zaman Khan Trustee
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INDEPENDENT EXAMINER REPORT TO THE TRUSTEES' OF SHAHID AFRIDI FOUNDATION (UK) FOR THE YEAR ENDED 30 NOVEMEBR 2020
We report on the accounts for the year ended 30th November 2020 set out on pages 6 to 8.
Respective responsibilities of trustees and examiner:
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and to state whether particular matters have come to my attention.
Basis of the independent examiner's report:
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
Independent examiner's statement:
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mrs. Mehreen Khalid Director Swenta Limited IFA Membership No: 269191
27 September 2021
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SHAHID AFRIDI FOUNDATION (UK)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 NOVEMBER 2020
| Income and Endowments Donation and legacies Donations - (Unrestricted funds) Total incoming resources Resources expended Pakistan and other Projects Advertising and Event organising expenses Travel and subsistence Bank charges Wages & Salaries Pension Sundry Expenses Total resources expended On behalf of the Trustees 27 September 2021 (Deficit) / Surplus funds for the year Surplus brought forward from previous year Surplus resevre carried forward |
30-Nov-20 £ 338,831 338,831 124,132 19,202 1,007 105 20,000 419 2,541 167,406 171,425 30,963 202,388 |
30-Nov-19 £ 147,734 |
|---|---|---|
| 147,734 | ||
| 195,500 15,956 2,621 205 20,000 372 2,809 - |
||
| 237,463 | ||
| (89,730) | ||
| 120,692 | ||
| 30,963 |
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SHAHID AFRIDI FOUNDATION (UK)
STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2020
| Cash at bank Creditors Net assets Reserves Unrestricted Funds Total funds |
30-Nov-20 £ 215,728 (13,340) 202,388 202,388 202,388 |
30-Nov-19 £ 38,586 (7,623) |
|---|---|---|
| 30,963 | ||
| 30,963 | ||
| 30,963 |
Approved by the Board of trustees' for issue on 27 September 2021
Name Shaheen Zaman Khan Trustee
Page 7
SHAHID AFRIDI FOUNDATION (UK)
NOTES TO THE FINANCIAL STATEMENTS
AS AT 30 NOVEMBER 2020
1. Reporting entity
Shahid Afridi Foundation - UK (the "Charity") is a registered charity and operates from 38 Leyfield, Worcester Park,Surrey, KT4 7LR.
2. Basis of preparation
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 1January 2015)', 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.
These financial statements are presented in Pound Sterling, which is the Charity's functional currency. Except as otherwise indicated, financial information presented has been rounded to the nearest pound sterling.
3. Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds and it is probable that the income will be received and the amount can be measured reliably. 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 objective of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
4. Liabilities
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure and 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.
5. Tax
The charity is exempt from tax on its charitable activities.
6. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits or expenses paid for the year ended 30th November 2020 (2019: nil).
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7. Related party disclosures
During 2020 the charity has transferred the amount to Shahid Afridi Foundation Pakistan Chapter.
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