2022-07-31-accounts - The Refai Foundation (UK)

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Trustees. Annual Report for the period Period start date Day Monlh 01 ! Period end dale Day Month To 31 07 Year From 2021 2022 Section A Reference and administration details Charity name THE REFAI FOUNDATION {UK) Other names charity is known by Registered charity number (if any) 1177092 Charity's principal address 26 BROADWAY ROAD LEICESTER Postcodo LE5 STA Names of the charity trustees who manage the charity Dates acted If not lor who year Trustsè namè Office lif any) Namè of pèrson lor body) èntitlèd toa oint trustee lif an HAIDARALI GULAMHUSEN KHALIFA JAMILAHMED MAMODO ISSUFO DR USMAN SARODIA MOINUDDIN KAMALUDDIN SAIYED REFAI SHARFRAZ PINJARA 10 12 13 14 15 16 17 18 19 20 TAR MaT¢h 2012

Names of the trustees for the charity, if any, Ifor example, any custodian trusteès) Name Dates actsd if not for whole ear Names and addresses of advlsers (Optlonal Infomlatlon) of advlser Name Address Name of chiftt executive or names of senior staff mèmbers (Optional infonnation) Section B Structure, governance and management Oescrfptlon ol the charlty's trusts CONSTITUTION ADOPTED 09 FEBRUARY 2018 AS AMENDED ON 29 MAY 2021 Type of goveming document s+ Ptt. on- How the charity is constituted eg. tfUST. ase! itsn.. ¢o-: ;rari CHARITABLE INCORPORATED ORGANISATION Trustee selection methods leg. appoiiled by, ele¢: APPOINTED BY TRUSTEE MAJORITY Additional govamanc• issu•s (Optional information> You may choose to include additional infomation, wher8 relevant, about= policies and procedures adopted for the induction and training of trustees., the charity's organisational structure and any wider neork wrf(h which the charity works., relationship with any related parties., trustees, consideration of major risks and the system and procedures to manage them. Section C Objectives and activities TAR Mareh 2012

{1) To advance education for the benefit of the poor, the underprivileged and the general public by means of, but not exclusively, the provision or the assislance in Ihe provision ol educalional activities and facilities, such as schools, libraries and training centres, and the provision of scholarships for the benefit of said persons. Summary of the objgcts of Ihe charfty set out in its govorning document (2) To relieve financial hardship, distress and suffering among poor people, victims of nalural disaslers and other people in need, by means of, but not exclusively, making grants or loans for providing or paying for items, equipment, services and facilities, including the provision of lood, clothing, utensils. medical treatment and accommodation for the said persons. During the period, the trustees raised funds from the public for a partnership project in India to supp)rt education of children in poverty. The partnership was with the Refai Public School based in India which benefits over 400 children annually to access schooling in mainstream curriculum subjects, resources and midday meals. The trustees were exploring the delivery of funds to overcome restrictions on the area of benefit and are confident that this will be res0ed in the coming year. Summary ofthp main activities undertaken for the public bènefit In relation to these objècts linclude within this section the ststutory declaration that trustees have had regard to the guldance Issued by the Charity Commission on public benefit) The above activities help the trustees to relieve financial hardship among those that cannot afford to attend school and those that suffered hardship lo meet their basic need5. The trustees have had due regard to the public benefit guidance of the charity commission and confinn that they a delivering public benefft. Additional detalls of objectives and activities (Optional information) TAR March 2012

You may choose to include further statements, where relevant, about: policy on granlmaking: policy programme related investment., ontribution made by volunteers. Section D Achievements and performance During the period, the trustees raised fvnds from the public for a partnership project in India to support education of children in poverty. The partnership was with the Refai Public School based in India which benefits over 400 children annually to aCSS schooling in mainstream curriculum subjects, resou$ and midday meals. The trustees were exploring the delivery of funds to overcome restrictions on the area of benefit and are confident that this will be resolved in the coming year. Summary of tho main achievements of the charlty during the year The above activities have helped the trustees to relieve financial hardship among those that cannot afford to attend school and those that suffered hardship to meet their basic needs. Section E Financial review During the period, the charity secured total donations of £55,459 of which £46,060 was restricted and £9,399 was unrestricted. The expenditure for the year was £2,069 mainly due to the restriction of funds transfer to area of benefrt. The charity had a surplus of £53,390 which was mainly retained funds to be sent once the transfer process is resolved. The cumulative surplus funds held at the end of the period were £79,735 which the charity intends to use for charFtable expenditufe in future years and to pay for some operational costs. The trustees have a policy to retain £1,000 in unrestricted reserves to meet o rational costs. Brief statemont of tho charity's policy on rgserves Details of any funds matarially In deficit TAR March 2012

Further financial review details (Optional information) You may chooso to include additional information, where re18vant about.. the charity's principal sources of funds (including any fundraising); how expendrture has supported the key obj'ectives of the charrty.. investment policy and objectwes including any ethical investment policy adopted. Section F Other optional information Section G Declaration Th? trustees declar• that they have approved the trustees. roport above. Signed on behalf of tho charity's trustees Signatur•lsl Full name(s) Position (eg Secretary, Chair, etc) USMAN SARODIA TRUSTEE Date TAR March 2012

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of THE REFAI FOUNDATION (UK)

On accounts for the year 31/07/2022 Charity no 1177092 ended (if any) Set out on pages 1 TO 2 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/07/2022.

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:[FSuleman ] Date: 28/05/2023

Name: Fayyaz Suleman Relevant professional Accountant qualification(s) or body (if any):

Address: c/o Accounts Examination Department Fusion Accounting Ltd

398A East Park Road, Leicester, LE5 5HH

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

October 2018

IER

Give here brief details of None any items that the examiner wishes to disclose .

October 2018

IER

CHARITY COMMISSION FOR ENGLANO AND WALES Charity Name THE REFAI FOUNDATION IUKI Receipts and payments accounts No Irf aryl 1177092 CC16a For the perlod Period slartdate Period end date 3110712022 To 01108r2021 Section A Receipts and payments Unrestrlcted funds Restrlcted funds Endowment funds Total funds Last y¢ar t•th• M•r•st t• th• n•r•8t£ tp th• n••r•stt th• n•ar•3t£ th• n•rnst£ A1 Recei Donalb)ns 46.060 56A59 22.¢81 Toss Income ARJ 9,399 46.060 66A69 22,181 A2 Assat and Investment sales. 1880 table). Total r8cwpts 66,469 A3Pa mènts Grants Website costs Bank Charges Professional Fees Sundry Costs 111 111 S7,292 240 187 1.760 21 187 1,750 21 Sub total 2.069 2,069 37,566 A4 Asset and Invesknent urchases. s•• tsbl• Sub total 2,089 2.069 37,566 Net of receiptsl{payments) A6 Transfers between funds A8 Cash funds last year end Cash funds this year end 7,330 46,060 63,3 15.386 33,675 46,060 79,735 28,345 Page 1 R&P Accounts

Section B Statement of assets and liabilities at the end of the period Unrestrlcted funds Restricted funds Endowment fund5 t• n•ar•st£ Catpgories De¥ai1s tr n•Ar•st£ B1 Cash funds Cash In Hand & In Bank 33.676 ,060 Total cash funds 33,676 48,060 Unrestrfrt•d lund$ Restrlcted funds Endowm•nt funds Detsils Fund towhhh as$•tb•l(n DÈtstsls C•st{opknll vnal Fund to whl•h s•tb•lon Oot2ils Cogt lopkn•ll onal B4 Assots retained for tho charity's own use Fund t• wh1• r•lAt•5 Amountdu• Vlh•n du• 86 Liabilities Aceounts Ex8mknalh>n F88s-2022 General 750 A¢counts Feb8- 2021 Gonwal 600 SbJned byone tpJses on behalf of all the twstses Signature Print Name Dalè of roval USMAN SARODIA Page 2 R&PA¢counts