Charity Registration No. 1173602
DIYA EDUCATION FOUNDATION (the "Charity")
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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DIYA EDUCATION FOUNDATION
CONTENTS
| Page | |
|---|---|
| CHARITY INFORMATION | 3 |
| TRUSTEES' REPORT | 4 - 5 |
| INDEPENDENT EXAMINER REPORT | 6 |
| STATEMENT OF FINANCIAL ACTIVITIES | 7 |
| STATEMENT OF FINANCIAL POSITION | 8 |
| NOTES OF THE ACCOUNTS | 9 |
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DIYA EDUCATION FOUNDATION
CHARITY INFORMATION
| Trustees | Current | Joined |
|---|---|---|
| SANA AHMED | 1 January 2016 | |
| NOORUR RAHMAN ABID | 1 January 2014 | |
| FAROUK IQBAL CHAUDHARY | 7 February 2019 | |
| WASEEM SADIQUE | 1 January 2016 | |
| HAMZA SALMAN ABID | 7 February 2019 | |
| Charity number | 1173602 | |
| Registered offce | 7 St. Christophers Court, Lower Road, | |
| Chorleywood, Rickmansworth | ||
| Hertfordshire | ||
| WD3 5JZ |
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DIYA EDUCATION FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 JUNE 2024
Objectives:
The advancement of education among underprivileged students in Pakistan by supporting DIYA Pakistan, an NGO registered in Pakistan by such means as are exclusively charitable in accordance with the laws of England and Wales including but not limited to awarding scholarships, maintenance allowances or any other financial assistance to students studying in primary or secondary schools, colleges, institutions of higher or further education, vocational institutes or universities.
Governing Document:
The charity is controlled by its governing document and constitutes a charitable incorporated organization (CIO) by the Charites Act 2006
Activities and performance during the Period:
The attached financial statements reflect the financial performance of the charity during the second year. Donations received were transferred to Diya Pakistan to meet the charitable objectives. How our organisation stipulates how the funds should be used by DIYA Pakistan:
Diya Education Foundation actively decides how the funds would be utilised in Pakistan. The process is phased in different steps as explained below:
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Diya Education Foundation will ask Diya Pakistan to provide a report on the areas where the funds are required. Diya Education Foundation will also be involved in local research to gather the information where funds are required for educational needs.
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Diya Education Foundation will scrutinise the information for eligibility criteria, standard operating procedures, control mechanism and monitoring methodology being exercised by Diya Pakistan.
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After evaluating the report the trustees will decide to release the funds to Diya Pakistan. Diya Pakistan will receive the funds in different stages based on the completion of project. This is to ensure that Diya Education Foundation is fully involved in the project and the reporting would be requested at each stage before any further funds are released.
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Diya Education Foundation will continuously monitor the process and would also be involved in direct supervision to ensure the funds are being utilised for objectives they have been remitted for.
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Diya Pakistan will also be responsible to provide the completion report for the funds received and then utilised in Pakistan for the objectives confirmed by Diya Education Foundation.
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DIYA EDUCATION FOUNDATION
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 30 JUNE 2024
Grants
Diya Education Foundation will have an independent grant evaluation criteria based on the following principles: i) Eligibility of Beneficiaries / Impact Analysis ii) Policies and procedures
iii) Equal Opportunity / No Discrimination Policy iv) Continuous Monitoring Mechanism
Leadership and Management Team
Diya Pakistan is led by a highly qualified and professional management team since inception. Diya Education Foundation would like to work with Diya Pakistan to utilise their resources and expertise in this field. Its current trustees include the following:
Mr. NoorUr Rahman Abid
Mr. Ashar Nazim
Mrs. Shafqat Tahira
Mr. Muhammad Farooq
Mr. Gul Muhammad
Brig. Aftab Ahmad (retd.)
Brig. Iftikhar Hussain Shah (retd.)
Mr. Adil Abid
Ms. Sana Ahmed
Ms. María Aznar
Mr. Saad Asghar Ali
Continuous Monitoring Mechanism
In addition, Diya Education Foundation will deploy a multi-pronged continuous mechanism whereby the activities of Diya Pakistan wou be monitored and reviewed by:
i) Field visits and direct feedback ii)Quarterly management reports iii) External audit reports iv) Internal audit reports
v) Attendence in Diya Pakistan's Board meetings
On behalf of the board of trustees' 17 April 2025
WaseemS aqidue NoorUR rahma nAdib San aAhmed i Mun Waseem Sadique NoorUr Rahman Abid Trutsee Trutsee Trutsee
Fraou kChaudhry
HamzS alama nAdib
Trutsee Trutsee
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DIYA EDUCATION FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2024
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30-Jun-24 30-Jun-23
£ £
Income and Endowments
Donations - (Unrestricted funds) 3 37,645 37,892
Total incoming resources 37,645 37,892
Resources expended
Pakistan education projects 30,000 23,000
Total resources expended 30,000 23,000
Surplus funds for the year and carried forward 7,645 14,892
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DIYA EDUCATION FOUNDATION
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024
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30-Jun-24 30-Jun-23
Cash in hand 93,196 85,551
Net assets 93,196 85,551
Reserves
Unrestricted Funds 93,196 85,551
Total funds 93,196 85,551
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DIYA EDUCATION FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
AS AT 30 JUNE 2024
1. Reporting entity
Diya Education Foundation (the "Charity") is a registered charity and operates from 7 St. Christophers Court, Lower Road, Chorleywood, Rickmansworth, Hertfordshire, WD3 5JZ. The charity was incorporated on 28 June 2017.
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 01 January 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 Tax
The charity is exempt from tax on its charitable activities.
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