2022-12-31-accounts - Professional Education Foundation UK

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Charity Number: 1168078

Professional Education Foundation UK

Report and financial statements For the year ended 31 December 2022

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Professional Education Foundation UK Reference and administration information

Charity number

1168078

Registered office and operational address

27 Station Road Wraysbury Staines-upon-Thames TW19 5ND

Trustees

Trustees who served during the year and up to the date of this report were as follows:

Hafiz Haq Chair Amir Mashkoor Naseem Amin Suniya Qureshi

Key management personnel

The trustees

Bankers

Lloyds Bank 25 Gresham Street London EC2V 7HN

Independent Examiner

Patrick Morrello ACA Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 0AS

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Trustees’ Annual Report for the period

From 1[st] Jan 2022 To 31[st] Dec 2022

Charity name: Professional Education Foundation UK

Charity registration number: 1168078

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	Poverty Alleviation through professional Education
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Paying the education cost of the poor professional students, who have gotten and admission in a professional college but can’s pay their fees for next 4-5 years
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	Yes, The trustees have understood and regard the guidance by the Charity Commission on public benefit

Additional information (optional) You may choose to include further statements where relevant about:

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SORP reference
Scholarships should be given to
Para 1.38 students from the under privileged
Policy on grant making section of society in Pakistan, with a
family income of under GBP 250/month
and have earned more than 65% marks
in Higher Secondary School.
Para 1.38
Policy on social investment
including program related
investment
Para 1.38
Contribution made by
volunteers
Other
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Achievements and Performance

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SORP reference
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Achievements and Performance	Achievements and Performance	Achievements and Performance
SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Professional Education Foundation UK funded the education costs of 226 professional students studying medicine, engineering and IT thereby helping them to stand on their own feet and support their families

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set Para 1.41	Achievements against objectives set Para 1.41	Achievements against objectives set Para 1.41
Performance of fundraising activities against objectives set Para 1.41
Investment performance against objectives Para 1.41
Other

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Financial Review

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Review of the charity’s Para 1.21 Funds of GBP 88031 were raised, and
financial position at the end GBP 83252 were spent, out of which
of the period GBP 81612 were paid towards education
cost of 226 students, while GBP 1640
were spent as expenses
Statement explaining the Para 1.22 The charity maintains a policy of
policy for holding reserves keeping 5% of annual donations of the
stating why they are held last year. The trustees do not consider
maintaining a higher level of reserves
since the charity does not have any
ongoing financial commitments.
Amount of reserves held Para 1.22 The year 2022 ended with GBP 38983 in
the bank
Reasons for holding zero Para 1.22
reserves
Details of fund materially in Para 1.24
deficit
Explanation of any Para 1.23
uncertainties about the
charity continuing as a going
concern
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Additional information (optional) You may choose to include further statements where relevant about:

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

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Structure, Governance and Management

Description of charity’s trusts:		Poverty alleviation
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	By majority vote of trustees

Additional information (optional) You may choose to include further statements where relevant about:

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

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Charity name Professional Education Foundation UK
Other name the charity uses
Registered charity number 1168078
Charity’s principal address 27 Station Road
Wraysbury
TW19 5 ND
U.K.
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Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Hafiz Haq Chairman Full year Board of Trustees
2 Amir Mashkoor Trustee Full year
3 Naseem Amin Trustee Full year
4 Suniya Qureshi Trustee Full year
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

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Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

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Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Hafiz Haq Position (eg Secretary, Chair Chair, etc) Date 9th Sep 2023

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Report to the trustees of Professional Education Foundation UK

I report to the trustees on my examination of the accounts of the above charity for the year ended 31 December 2022 as set out on pages 10 to 11.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination was carried out in accordance with 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 the 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 statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

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 Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Patrick Morrello ACA Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 0AS

Date: 26 / 09 / 2023

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Professional Education Foundation UK Charity Number 1168078

Receipts and Payments Accounts for the period from 1 January 2022 to 31 December 2022

Receipts and payments

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Unrestricted Restricted
funds funds Total funds Last year
£ £ £ £
Receipts
Grant - SEED Pakistan 20,000 - 20,000 20,000
-
Grant - Euro Charity Trust 44,444 44,444 38,377
Grant - MAP-UK 4,109 - 4,109 2,967
Other donations 15,818 - 15,818 10,791
Gift Aid 3,660 - 3,660 770
Total receipts 88,031 - 88,031 72,905
Payments
-
Grants paid 81,612 81,612 67,580
Office and administration 1,277 - 1,277 480
Fundraising 288 - 288 288
Bank charges 75 - 75 60
Total payments 83,252 - 83,252 68,408
Net of receipts/(payments) 4,779 - 4,779 4,497
Transfers between funds - - - -
-
Cash funds last year end 34,204 34,204 29,707
Cash funds this year end 38,983 - 38,983 34,204
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Professional Education Foundation UK

Charity Number 1168078

Statement of assets and liabilities at 31 December 2022

C a s h f u n d s Bank current account Deposit accounts Petty cash o t a l c a s h f u n d s i a b i l i t i e s F u n d Accountancy and Independent Examination Unrestricted xpenditure to refund to trustee Unrestricted	U n r e s t r i c t e d f u n d s £ 38,983 - - 38,983 2 0 2 2 £ - 800 800	R e s t r i c t e d f u n d s £ 34,204 - - 34,204 2 0 2 1 £ 480 173 653

Approved and signed on behalf of all trustees on ____:26 / 09 / 2023

Hafiz Haq, Chair

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