Registered number 1168299
DAANISH FOUNDATION UK
Report and Accounts 30 November 2021
DAANISH FOUNDATION UK Report and accounts Contents
| Page | |
|---|---|
| Charity information | 1 |
| Trustees` Report | 2 |
| Accountants' report | 4 |
| Statement of Financial Activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 |
DAANISH FOUNDATION UK Charity Information
Trustees
DR JAWED SADIQI - CHAIRPERSON MR ARIAN SADIQI MRMOHAMMAD IQBAL OSMANI MR SHAMSADDIN SADIQI
Accountants
SAMI FRANCIS & CO ACCOUNTANTS 48 BILTON ROAD PERIVALE MIDDLESEX ENGLAND UB6 7DH
Bankers
THE LLOYDS BANK PLC REGISTERED OFFICE: 25 GRESHAM STREET LONDON EC2V 7HN
Registered office
6-9 THE SQUARE STOCKLEY PARK UXBRIDGE UB11 1FW
Registered number 1168299
1
DAANISH FOUNDATION UK CHARITY REGISTRATION :- 1168299 TRUSTEES` REPORT
The Trustees present their report and accounts for the year ended 30/11/2021 for the charity, Daanish Foundation UK with charity number 1168299.
The Trustees during the year are
Dr Jawed Sadiqi - Chairperson Mr Arian Sadiqi - Trustee Mr Miqbal Osmani - Trustee Mr Shamsaddin Sadiqi - Trustee
The principal address of the charity is: Flat 3, Campria House
1 Hamble Drive Hayes, UB3 2FN
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a Trust Deed that was adopted and last amended on 8th December, 2015. The Charity is governed by a Board on which the Trustees are represented. It meets regularly to review, plan activities and monitor the financial position
OBJECTIVES AND ACTIVITIES
The objectives of DF UK is to promote any charitable purpose as the Trustees see fit from time to time. The purpose has not been limited to the advancement of formal and extra-curricular, education and sporting activities for the Afghan people but also other minority ethnic communities resident in the United Kingdom, abroad and the general public.
As well as the primary aim of promoting education, DF UK seeks to undertake humanitarian crisis response projects to provide relief for the public benefit of people and/or refugees and/ or fleeing natural disasters and /or war stricken regions, as and when required and deemed necessary by the Trustees.
ACHIEVEMENTS AND PERFORMANCE
The Trustees consider the financial performance by the Charity during the year to be somehow satisfactory. The Trustees are working assiduously to generate more revenue for the operations of the Charity
FINANCIAL REVIEW
The income of the charity was £78,722. The total outgoing resources amounted to £76,701 leaving a slight surplus of £2,021. The charity made charitable donations to other charities with similar objectives to provide support for their work.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The Charity will seek.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
2
DAANISH FOUNDATION UK CHARITY REGISTRATION :- 1168299 TRUSTEES` REPORT
APPOINTMENT AND ELIGIBILITY FOR TRUSTEESHIP
-
(a) Every charity trustee must be a natural person.
-
(b) No individual may be appointed as a charity trustee
-
if he or she is under the age of 16 years; or
-
If he or she would automatically cease to hold office under the provisions of the constitution of the Charity
-
(c) No one is entitled to act as a charity Trustee whether on appointement or any re-appointment untill he or she has expressly acknowledged, in whatever way the charity trustees decide, his or her acceptance of the office of charity trustee.
Number of Charity Trustees
There must be at least three charity trustees. If the number falls below this minimum, the remaining trustee(s) may act only to call a meeting of the chairty trustees or appoint a new charity trustee.
Nominated Trustee (s)
-
(a) DF UK ("The Appointing Body") may appoint 12 charity trustees.
-
(b) Any appointment must be made at a meeting held according to the ordinary practice of the appointing body.
-
(c) Each appointment must be for a term of three years
-
(d) The appointment will be effective from the later of:-
-
(i) The date of the vacancy; and
-
(ii) The date on which the charity trustees of their secretary or clerk are informed of the appointment.
-
(e) The person appointed need not be a member of he appointing body
-
(f) A trustee appointed by the appointing body has the same duty under clause 9(i) as the othercharity trustees to act in the way he or she decides in good faith would be most likely to further the cause or purposes of the charity.
PUBLIC BENEFIT
The Trustees did consider the guidance produced by the Chairty Commission on the proivision of public benefit and they confirm that public benefit has been provided by:
-
Providing formal and informal extra curricular education to Afghan, other minority ethnic communities and the general public.
-
Providing forum for sporting activities for the general public
-
Visiting the sick in the Afghan community and the general public
-
Making occasional donations to similar charities and the good causesin good causes in the United Kingdom.
3
DAANISH FOUNDATION UK CHARITY REGISTRATION :- 1168299 TRUSTEES` REPORT
TRUSTEES RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the Charity. They are required to:
-
Select suitable accounting polities and apply them consistently.
-
Make judgments and estimates that are reasonable and prudent.
-
State whether the applicable accounting standards have been followed
-
Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the charity at any time and to ensure that such accounts comply with the Charities Act 2011. They also have a responsibility to safeguard the assets of the charity and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees and signed on their behalf by:
Dr Jawed Sadiqi Chairperson
4
DAANISH FOUNDATION UK
Independent examiner’s report to the trustees of Daanish Foundation UK
We report on the accounts of the Trust for the year ended 30/11/2021
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(2) of the Charities Act 2011 (the 2011Act) and that an independent examination is needed.
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 commission under section 145 (5) (b) of the 2011 Act
- to state whether particular matters have come to my attention
Basis of 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 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 next statement.
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 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
SAMI FRANCIS & CO ACCOUNTANTS CHARTERED CERTIFIED ACCOUNTANTS 48 BILTON ROAD PERIVALE MIDDLESEX ENGLAND UB6 7DH
3 September 2022
5
DAANISH FOUNDATION UK Statement of Financial Activities for the year ended 30 November 2021
| **UNRESTRICT. RESTRICTE ** | **UNRESTRICT. RESTRICTE ** | TOTAL | TOTAL | ||
|---|---|---|---|---|---|
| FUND FUND | FUND | FUND | |||
| Notes | 2021 | 2020 | |||
| £ | £ | ||||
| Incoming Resources | |||||
| Total Incoming resources | 78722 | 0 | 78,722 | 116,684 | |
| - | |||||
| Costs of Generating voluntary | income | -76101 | 0 | (76,101) | (90,755) |
| Governance costs | -600 | (600) | (800) | ||
| 2,021 | - | 2,021 | 25,129 | ||
| Surplus/(Deficit) | 2 | 2,021 | - | 2,021 | 25,129 |
| Net Resources for the year | 2,021 | - | 2,021 | 25,129 | |
| Total Funds brought forward | 25,964 | - | 25,964 | 835 | |
| Prio year Adjustment | (26,183) | (26,183) | |||
| Total Funds carried forward | 1,802 | - | 1,802 | 25,964 |
6
DAANISH FOUNDATION UK Balance Sheet as at 30 November 2021
| Notes Fixed assets Tangible assets 3 Current assets Other debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Accumulated Funds Unrestricted revenue Funds 7 Restricted revenue Funds Shareholders' funds |
2020 £ 150 1,747 705 2,452 (800) 1,652 1,802 1,802 - 1,802 |
2019 £ 188 - 26,576 26,576 (800) 25,776 25,964 25,964 - 25,964 |
2019 £ 188 - 26,576 26,576 (800) 25,776 25,964 25,964 - 25,964 |
|---|---|---|---|
| 25,964 | |||
| 25,964 - |
|||
| 25,964 |
The Board of Trustees acknowledge their responsibility for ensuring the organisation keeps proper accounting records in accordance with the requirements of the Charities Act 2011 as more fully set out under Trustees` Responsibilities in the Report of the Trustees.
DR. JAWED SADIQI Chairperson Approved by the board on 3 September 2022
7
DAANISH FOUNDATION UK Notes to the Accounts for the year ended 30 November 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). And the Charities Act 2006
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% net book value Motor vehicles 20% net book value
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
| 2 | Operating profit | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| This is stated after charging: | |||
| Depreciation of owned fixed assets | 38 | 47 |
8
DAANISH FOUNDATION UK Notes to the Accounts for the year ended 30 November 2021
3 Tangible fixed assets
| Cost At 1 December 2020 At 30 November 2021 Depreciation At 1 December 2020 Charge for the year At 30 November 2021 Net book value At 30 November 2021 At 30 November 2020 4 Debtors Other debtors 5 Creditors: amounts falling due within one year Other creditors 6 Accumulated Fund Revenue Reserves c/fwd 7 Surplus/Deficit Accum Fund B/fwd At 1 December 2020 Surplus/(Deficit) for the year P:rior Year Adjustment At 30 November 2021 |
2021 £ 1,747 2021 £ 800 2021 £ 1,802 2021 £ 25,964 2,021 (26,183) |
Plant and machinery etc £ 460 |
|---|---|---|
| 460 | ||
| 272 38 |
||
| 310 | ||
| 150 | ||
| 188 | ||
| 2020 £ - |
||
| 2020 £ 800 |
||
| 2020 £ 25,964 |
||
| 2020 835 25,129 - |
||
| 1,802 | 25,964 |
6 Endowment Fund
The Charity operated no Endowment Fund during the year.
9
DAANISH FOUNDATION UK Detailed Statement of Financial Activities for the year ended 30 November 2021
| TOTAL FUND 2021 £ Incoming Resources: Donations, offerings and grants 78,722 Cost of activities in furtherance of the Charity`s objective (74,071) Support Costs (2,030) Governance costs (600) 2,021 Net Surplus/(Deficit) 2,021 |
TOTAL FUND 2020 £ 116,684 (89,445) (1,310) (800) |
|---|---|
| 25,129 | |
| 25,129 |
10
DAANISH FOUNDATION UK Statement of Financial Activities for the year ended 30 November 2021
| DAANISH FOUNDATION UK Statement of Financial Activities for the year ended 30 November 2021 |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | TOTAL FUND | TOTAL FUND | ||
| 2021 | 2020 | ||||
| £ | £ | ||||
| A. INCOMING RESOURCES | |||||
| Offerings and donations | |||||
| Individual grants | 63,469 | - | 63,469 | 104,232 | |
| Donations | 15,253 | - | 15,253 | 12,452 | |
| 78,722 | - | 78,722 | 116,684 | ||
| B. RESOURCES EXPENDED | |||||
| Unrestricted | Restricted | TOTAL FUND | TOTAL FUND | ||
| COST OF GENERATING VOLUNTARY INCOME | 2021 | 2020 | |||
| £ | |||||
| Activities underken directly | |||||
| Grants | 22,147 | - | 22,147 | 23,962 | |
| Charity/programme activities | 3,020 | - | 3,020 | 4,625 | |
| Donations | 48,904 | - | 48,904 | 60,858 | |
| 74,071 | - | 74,071 | 89,445 | ||
| Support Costs | |||||
| Telephone, Web and fax | 558 | - | 558 | 1,000 | |
| Printing, postage and stationery | 95 | - | 95 | 139 | |
| Office supplies | 1,272 | - | 1,272 | - | |
| Bank charges | 24 | - | 24 | 15 | |
| Depreciation | 38 | - | 38 | 47 | |
| Sundry expenses | 43 | 43 | 109 | ||
| 2,030 | - | 2,030 | 1,310 | ||
| Total costs of generating voluntary income | 76,101 | - | 76,101 | 90,755 | |
| COST OF GOVERNANCE | - | - | - | ||
| Accountancy fees | 600 | - | 600 | 800 | |
| 600 | - | 600 | 800 | ||
| Total Expenditure | 76,701 | - | 76,701 | 91,555 |
11