Charity Number: 1168078
Professional Education Foundation
UK
Report and financial statements For the year ended 31 December 2023
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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 Robina Kamlin
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 2023 To 31[st] Dec 2023
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:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | Scholarships should be given to students from the under privileged 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. |
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| Policy on social investment including program related investment |
Para 1.38 | |
|---|---|---|
| Contribution made by volunteers |
Para 1.38 | |
| Other |
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 375 professional students as compared to 226 students last year. They all are 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 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
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Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Funds of GBP 95,436 were raised, and GBP 107,859 were spent, out of which GBP 106,400 were paid towards education cost of 375 students, while GBP 1459 were spent as expenses. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity maintains a policy of keeping 5% of annual donations of the 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 2023 ended with GBP 26560 in the bank |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional) You may choose to include further statements where relevant about: The charity’s principal Para 1.47 sources of funds (including any fundraising) Investment policy and Para 1.46 objectives including any social investment policy adopted A description of the principal Para 1.46 risks facing the charity 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: |
|---|---|---|
| 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
| 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
| 1 2 3 4 5 |
Trustee name | Office (if any) | Dates acted if not for whole year | Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Hafiz Haq | Chairman | Full year | Board of Trustees |
|
| Amir Mashkoor | Trustee | Fullyear | ||
| Naseem Amin | Trustee | Fullyear | ||
| Suniya Qureshi | Trustee | Fullyear | ||
| Robina Kamlin | Trustee | Appointedpostyear end |
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
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
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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 adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
|
|---|---|---|---|
| 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.
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Signed on behalf of the charity’s trustees
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Signature(s)
Full name(s) Hafiz Haq
Position (eg Chair
Secretary, Chair,
etc)
Date 5th Mar 2024
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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 2023 as set out on pages 10 to 11.
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,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
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to state whether particular matters have come to my attention.
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.
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Act; and
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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.
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Patrick Morrello ACA Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 0AS
Date: 13 / 05 / 2024
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Professional Education Foundation UK Charity Number 1168078
Receipts and Payments Accounts
for the period from 1 January 2023 to 31 December 2023
Receipts and payments
| Receipts Grant - SEED Pakistan Grant - Euro Charity Trust Grant - MAP-UK Other donations Gift Aid Total receipts Payments Grants paid Office and administration Fundraising Bank charges Total payments Net of receipts/(payments) Transfers between funds Cash funds last year end Cash funds this year end |
Unrestricted funds £ 20,000 57,400 11,730 5,596 710 |
Restricted funds £ - - - - - |
Total funds £ 20,000 57,400 11,730 5,596 710 |
Last year £ 20,000 44,444 4,109 15,818 3,660 |
|---|---|---|---|---|
| 95,436 | - | 95,436 | 88,031 | |
| 106,400 1,126 288 45 |
- - - - |
106,400 1,126 288 45 |
81,612 1,277 288 75 |
|
| 107,859 | - | 107,859 | 83,252 | |
| 12,423 - - 38,983 |
- - - |
12,423 - - 38,983 |
4,779 - 34,204 |
|
| 26,560 | - | 26,560 | 38,983 |
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Professional Education Foundation UK Charity Number 1168078
Statement of assets and liabilities at 31 December 2023
| Cash funds Bank current account Deposit accounts Petty cash Total cash funds Liabilities Fund Expenditure to refund to trustee Unrestricted |
Unrestricted funds £ 26,560 - - |
Restricted funds £ 38,983 - - |
|---|---|---|
| 26,560 | 38,983 | |
| 2022 £ 859 |
2021 £ 800 |
|
| 859 | 800 |
10 / 05 / 2024 Approved and signed on behalf of all trustees on ____:
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Hafiz Haq, Chair
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