Set Educations Foundatlon
Trustees. Annual Report
Year ended 31 March 2023
STATEMENT OF TRUSTEES RESPONSIBIUTIES
The trusiees (who are also the direthors ol Set EducatKJr6 Foundatbn IN the purposes of company
lawl arè rssFY)nsiblè lor thè rèparation tha Trusi8es' Rwrt and tha linaneial st8tèmènis in
accordance with a￿•G9b18 law and Vniled Krudom Acwjnting St8nd8rds Iunrtgd Kin&lorn
Generally Accepted Ac(¥￿nI￿ prec￿}.
Company roquires the trustses to prepare linartial sthtoments for each financ*al year which 9fv0 a
twè and lair vièw ol th$ slatè ol alfairs ol Iha tharila￿e tomparty and of Ihè inccyning rasoureè and
application of resource, including the inc0rn8 and expenditure, ol th8 charitab18 company for Iho
perKMJ. In preparing Ihose linanoal s¢atements. the uusiees are required 10
select suitsble accounting polioes and then atwy ihen conskstenuy..
observe the M￿h¢)dS aThJ pnnopks in the tharrty SORP..
make jttyments and esiimates thai are reascmable and prudeN:
prepare Ihe finarfual *a*ments on Ihe LKJing (on(em basis unbss tt Is inapproprSats to
prosume that Ihe (knarrtab￿ cc*npany Will CDnbnu6 in business
The Iru$tees are re¥x)nsible for keepin9 prcFer ￿oUntIng rrfords ¥thith disclose with reasonable
acturacy at any time the finanoal position of Ihe charitabk company aThJ to enable them to ensure
that Ihe financial statsments comply wrth the companles Act 2(K6. They are also responsible for
saf•guarding thè assèts tsf thè d￿ritable cc¥npany asMI hance iakiThJ rèasonablè slaps for tha
prev8ntion and det8CtK)n of traud olher regulalx>n5.
29 Jan 2024
Approvad by ordar of tha t4)ard of trust8SS .............................. And sIg￿d ts b8h811 by,
Sana HUSsair￿ Truste8
Imran Ahm8d Khan- Trust•8
Syed Saqib AbdS- Twst8•
It￿1
Hasnpin Raztr Trusteo
Syed8 Raw Fabm8 Riz¥i- Trusiee

CHARITY REGISTRATION NUMBER: 1175825
Set Educations Foundation
Unaudited Financial Statements
31 March 2023

Set Educations Foundatlon
Financial Statements
Year ended 31 March 2023
Page
Trustees, annual report
Independent examiner's report to the trustees
Statement of financial activities
Statement of financial position
Statement of cash flows
Notes to the financial ststements
The followlng pages do not form part of the flnanclal statements
Detailed statement of financial activities
13
Notes to the delailed statement of financial activities
14

Set Educations Foundation
Trustees. Annual Report
Year ended 31 March 2023
Since its inception SET Edu¢aUon Foundation is providing support to The SET School, run by
non-profit organizalion Saran Educational Trust (SETI, in Karachi Pakistsn. The school is working for
about past 25 years to provide education for the children from low- and middle-income slrala of thè
society. The fee charged lo the students is subsidis&d across the board with additional financial
assistance available on a need basis. The school has two campuses and currently more than 800
students are gnrolled.
In 2018. SET Education foundallon signed an MOU with SET, Pakistan which was later renewed in
2022. In accordance with this MOU, SET Education Foundation is providing financial support to SET.
Pakistsn to facilitate them in offering financial support to their students. SET Education Foundation
also aims to enhance their support to SET Pakistan in the form of educational resources. equipment,
training and fa¢ilibe5 in the future.
We have been raising money through personal donab'ons in the UK. All these funds are collected
purely through bank transfers. Donakn'ons are acquired through personal relations and word of mouth
lo the wider community. Besides these donations. thgie Is no Dther source of funds. We have not
carried out any fundraislng events as yet and have not collected cash contributions to date. although
we would like lo expand this in the future. Once sizeable are collected, these are transferred lo SET
Pakistan through banking channel.
The year end 131 March 20231 has been marked with a surge in inflats'on and recession, all over the
worfd. This has aggravated the problems faced by the low4ncome families in the developing countries.
As a resutt. the money available lo them lo educate their children has further reduced. We al SEF UK
must devise way8 to increase th8 fund collection in UK and provide greater support to the ngedy
studènts.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by ils goveming documents, a dead of trust, and constitutes a limited
company, limited by guarantee. as defined by the Companies Act 2006.
Rof•rèn¢¢ and administratlv¢ detalls
Register8d Charlty narne
Sel Educations Foundation
Charlty reglstration numbor
1175825
Principal officg
159
Christchurch Avenue
Harrow
The trustees
Mrs Sana Hussain
Mr Imran Ahmed Khan
Mr Syed Saqib Abdi
Dr Hasnain Raza
Syeda Rabab Fatima Rizvi
Independent examiner
Digit Accountants Limited
83 Uxbridge Road
Stanmorè
Middlesex
HA7 3NH

Set Educations Foundation
Trustees, Annual Report
Year ended 31 March 2023
STATEMENT OF TRUSTEES RESPONSIBILITIES
The tTUStees (who are also the directors of Sel Educatlons Foundation for the purposes of company
lawl are responsible for the reparation the Trusltse$' Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial slalements for each financial year which give a
true and fair view of the stale of affalrs of the ¢haritsble company and of the incoming resource and
application of resource, including the income and expenditure. of the charitable company for the
period. In preparing those financial statements, the trustees are required lo
select suitsble accounting policies and then apply then consistently..
obsetve the methods and principles in the charity SORP..
make judgements and estimates that are reasonable and prudent..
prepare the fin8nci81 stalemBnls on the golng concern basis unless It Is Snappropriate to
presume that the chari18ble company will conlinL¢e in business
The trustees are responsib￿ for keeping proper accounting records which disclose with reasonable
accuracy al any b'me the financial position of the Charitable company and to enable them to enstjre
that the financial statements comply with the companies Act 2006. They are also responsible for
safeguarding the assets of the charilable company and hence for tsking re8sonablts steps for the
prevention and detection of fraud and other regulations.
29 Jan 2024
Approved by order of the board of trustees on .............................. and signed on its behalf by.,
Sana Hussain- Trustee
Imran Ahmed Khan - Trustee
Syed Saqib Abdi- Trustee
IZ+4 1
a Rabab Fallma Rlzvl- Trustee
Hasnain Fiaza- Trustee
Sye

Set Educations Foundation
Independent Examiner's Report to the Trustees of Set Educations Foundation
Year ended 31 March 2023
I report lo the trustees on my examination of the financial statements of Sel Educations Foundation
I'lhe club'l for the year ended 31 March 2f)23.
Responslbilities and basls of report
As the trustees of the club you are responsible for the preparation of the financial ststements in
accordance with the requirem$nts of the Charities Act 20111 the Act'l.
I report in respect of my examination of the club's financial statements carried out under section 145 of
the 2011 Act and in carryng out my examination I have followed all the applicable Directions given by
the Charity Commission under section 14515llbl of the Act.
Indepondent examlner's statoment
I have cornpleted my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the club as required by section 130 of the
Act., or
the financlal slalemenls do not accord with thos8 records., or
the ftnancial statements do not comply with the applicablg requirements ¢oncerning the
form and ¢onlenl of accounts sel out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a 'lrue and faiff view which is not a
matter considered as part of an independent examination.
I hav6 no concerns and have corne across no other matters in connection with the &xamination lo
which attention should be drawn in thls report in order to enable a proper understsndin9 of the
accounts lo be reached.
Inde
dent Examiner
Digit A￿oun￿nIS Limited
83 Uxbridge Road
Stanmore
Middlesex
HA7 3NH

Set Educations Foundation
Statement of Financial Activities
Year ended 31 March 2023
2023
Unrestricted
funds Total funds
2022
Total funds
Note
In¢om• and ondowments
Donations and legacies
Total Income
6,527
6,297
6,527
6,297
Expendltur8
Expenditure on charitable activities
Costs of other trading activities
Total expenditure
7.075
350
4.050
350
7.425
4.400
Net lexpenditur•llln¢ome and net mov•ment in fund$
{8981
1,897
Reconciliatlon of funds
Total funds brought forward
Total funds carried forward
1,399
1,399
14981
1,399
501
501
The ststement of financial actwities includes all gains and losses recognised in the year.
l income and expenditure derive from continuing activities.
The notès on p89es 7 lo 11 fomi part of these financlal 8tstements.

Set Educations Foundation
Statement of Financial Position
31 March 2023
2023
2022
Not•
Current a$sets
Cash at bank and in hand
1,802
3,OOQ
Creditors: amounts falling due wlthln one year
Ngt curr•nt assets
1.301
1,601
501
1,399
Total a$$et$ less current liablllti¢$
501
1,399
Creditors.. amounts falling due after more than one year
Net a$$•ts
501
1.399
Fund$ of the ¢harity
Unrestricted funds
501
1,399
Total charlty fundts
10
501
1.399
These financial ststemenls were approved by the board of trustees and authorised for issue on
29 Jan 2024
and are signed on behalf of the board by..
Sana Hussain- Trustee
Imran Ahmed Khan- Ttusteg
Syed Saqib Abtli- Truste&
Hasn8in Raza- Twstee
Syeda Rabab Fatim8 Rizvi- Trustee
The notes on pages 7 to 11 form part of these financial stat8m*nts.

Set Educations Foundatlon
Statement of Cash Flows
Year ended 31 March 2023
2023
2022
C4sh flow$ from operating activities
Nel lexpenditureyin¢ome
(8981
1.897
Adjustments for..
Accrued expenses
Other credlLors
13501
19011
646
Cash generated frorn operations
Net cash (used inllfrom operating aclivilie8
18981
18981
646
Cash flow$ from financing activities
Proceeds l {Paymenisl from Director's loan
N81 cash from financing activities
1300}
13001
1.251
1,251
Net Idecreasellln¢reasa In cash and cash equivalents
Cash and cash equivalents at b•glnnlng of year
Cash and ¢a$h èquivalents at end of year
11.1981
3.000
1,897
1,103
1,802
3.000
The notss on pages 7 to 11 forni part of thèse flnan¢lal $￿t￿)ents.

Set Educations Foundation
Notes to the Financial Statements
Year ended 31 March 2023
General infomiall¢n
The charity is a public benefrt enlily and a registered charity in England and Wales and is
unincorporated. Thg address of the principal offic8 18 159 Christchurch Avenue, Harrow. HA3
8NS.
Statement of compliance
These financial slalemenls have been prepared in ¢ompliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of I￿land., the Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 102) (Charities
SORP IFRS 102}l and the Charities Act 2011.
A¢¢ounting policlo$
Basis of pr•paratlon
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment propertl95 rneasured al fair
value through income or expendf(urg.
The financial slalements are prepared in sterfing. which is the functional curren¢y of the entity.
Golng concern
There are no material uncertainties about thtr charity's ability lo corrtinue.
Fund a¢counting
Unrestricted funds are available for use at the discretion of the trustees lo further any of the
charitls purposes.
Designated funds are unrestricted funds eamiarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure dedared by the donor or
through the lemis of an appeal, and fall into one of two sub-classes.. reslricled income funds or
endowment funds.

Set Educations Foundation
Notes to the Financial Statements (Conllnued)
Year ended 31 March 2023
Ac¢ountlng poli¢S•$ (contrnuédj
Incomlng r•sources
All incoming resour¢es are included in the slalernenl of financial activities when enliUement has
passed lo the charity., il is probable that the economic benefits associated with the Iransa¢lion
will flow lo the charity and the amount can be reliably measured. The following S￿¢ITIC policies
are applied to particular Categories of income:
income from donation5 or grants is recognlsed when there Is evidence of onlitlemenl lo the
gift, receipt is probable and ils amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured al the fair value of the goods unless this is
impractical lo measure reliably, in which case the value is derived from the cost lo the donor
or the eslirnated resale value. Donated facilities and ServI￿S are recognised in the
a¢¢ounts when received if the value Can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This Is classified as unrestricted funds unless there is a contractual
requirement for il lo be spent on a particular purpose and returned rf unspent, in which case
il may be iegarded as restricted.
Resources expended
Expenditure is recognised on an ac¢ru81s basis as 8 liability is incurred. Expendituie includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates..
expendlture on raising funds Includes the costs of all fundraising activities, events,
non-charitable trading aclivilies, and the sale of donated goods.
expentlilure on charitable activf(ies includes 811 costs incurred by a charity in undertaking
activities that further ils charitable alms for the benefit of its beneficiaries, including those
support Costs and costs relalin9 to the govemance of Ihg ¢harily apportioned to charitable
actiwties.
other expenditurg incltjdes all expenditure that is nelther related lo ralslng funds for th8
charity nor part of its expenditure on charitable aclNities.
All ￿$tS are allocated to expenditurè categories refiecting the use of the resource. Direct costs
attributsble lo a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities Ih&y contribute to on a reasonable, justifiable and consislenl basis.
Flnancial instruments
A financial asset or 8 financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Baslc flnanclal instruments are initially re￿nISed al the amount receivable or payable including
any related transaction costs.

Set Educations Foundation
Notes to the Financial Statements i¢ootlnu
Year ended 31 March 2023
Accounting poli¢l¥s f¢ontinuedJ
Flnanclal instrumonts Icontlnuedj
Current assets and current liabilities are subsequently measured al the cash or other
consideration expected lo be paid or ￿¢81Ved and not discounted.
Debt instruments are subsequently measured at amorbsed cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the inv8stm8nl is subsequently measured at fair value with ¢h8nges in fair value
recognised in income and expenditure. All other such invgstments are subsequently measured at
cost l$ss impalrment.
Other financial instrum8nts. including darivalives, are initially recognised al fair value, unless
payTnenl for an asset is deferred beyond norrnal business tgmis or financed at a rale of interost
that is not a market rate, in which cas& the asset is measured at the present value of the future
payments discounted al a market rate of interest for a simllar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the stslgmenl of ffnancial activlties, wf(h the exception of hedging instruments in a
designated hedging rtslalionship.
Financial assets that a￿ measured al cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting dale. If there is objective evidence of impaimienl, an
impairment loss is recognised under the appropriate heading in the slalemenl of financi81
activities in which the initial gain was recognised.
For all equty instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impaimienl. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any rev8rsals of impairment are recognised imrnedialely, to the exlenl that the reversal does not
result in 8 carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Donatlons and legacies
Total Funds Total Funds
2023
2022
Donatlons
Donations type 1
6,527
6.297
Exp•ndlturè on charitable actlvltl•s
Total Funds Total Funds
2023
2022
Expenditures incurred on charitable activities
7.075
4,050

Set Educations Foundation
Notes to the Financlal Statements (contlnued)
Year ended 31 March 2023
Costs of other trading activitie$
Total Funds Totsl Funds
2023
2022
Operating trading company- legal and professional fees
350
350
Particulars of employees
The total staff costs and employee benefrts for the reporting period are analysed as follows..
2023
2022
The average head count of employees during the year was Nil12022-. Nill.
No employee received employee benefits of more than £60,000 during the year12022'. Nill.
Creditors: amounts falling due wlthln on• y•ar
2023
2022
Director's loan
Accruals and deferTrd income
951
350
1.251
350
1.301
1,601
Crtdltors: amounts falling due after more than one year
2023
2022
Other creditors
10

Set Educations Foundation
Notes to the Financial Statements (¢onllnuedJ
Year ended 31 March 2023
10. Analysis of charitable funds
Unrestrlcted funds
At
1 April 2022
and
31 March 20
23
General funds
501
At
1 April 2021
and
31 March 20
22
General funds
1,399
11. Analysls of changes in not debt
At
At 1 Apr 2022 Cash flows 31 Mar 2023
Cash at bank and in hand
Debt due within and after one year
3,000
11,601}
1,399
11,1981
300
1,802
(1,3011
501
18981
11

Set Educations Foundatlon
Management Information
Year ended 31 March 2023
The followlng pages do not form part of the financial Statements.
12

Set Educations Foundation
Detailed Statement of Financlal Activities
Year ended 31 March 2023
2023
2022
Incom• and endowments
Don8tions and legacies
Donations
6,527
6,297
Total incom8
6,527
6,297
Expendlture
Expenditure on charitable activities
Expenditures Incurred on charitable acllvilles
Bank charges
7.000
75
4,000
100
7.075
7,100
Costs of other tradlng activities
Legal and professional fees
350
350
Total expenditure
7,425
4,400
Net {èxp•ndlturellincome
{8981
1,897
13

Set Educations Foundation
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2023
2023
2022
Expenditure on charltable actlvlties
Expenditures incuTred on charitable activities
Bank charges
7.000
75
4,000
50
7.075
4,000
Costs of raising donations and1oga¢lgs
7,075
4,050
Costs of other trading adivltl•$
Cost$ of other trading activities - Oper8tlng tradlng company
Operating trading company- legal and professional fees
350
350
Costs of other tradlDg a¢tlvltles
350
350
14