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2023-07-31-accounts

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 31/07/2023 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 31/07/2023.

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:

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: 30/05/2024

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

1

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

October 2018

IER

2

Charity Name No (if any) THE REFAI FOUNDATION (UK) 1177092 Receipts and payments accounts CC16a For the period Period start date Period end date To from 01/08/2022 31/07/2023

Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
29,642
-
-
-
-
-
-
29,642
-
-
-
29,642
4,994
1,783
122
-
-
-
-
-
6,899
5,000
-
5,000
11,899
17,743
-
33,675
51,418		 Restricted
funds
to the nearest £		 Endowment
funds
to the nearest £		 Total funds
to the nearest £		 Last year
to the nearest £
Donations 29,642 61,375 - 91,017 55,459
- - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for
AR)		 29,642 61,375 - 91,017 55,459
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
55,459
Grants 4,994 111
Professional Fees 1,783 1,750
Bank Charges 122 187
SundryCosts - 21
- -
-
-
- -
- -
- -
**Sub total ** 6,899 2,069
A4 Asset and investment
purchases, (see table)
Loan given to charity 5,000
-
**Sub total ** 5,000 -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
2,069
17,743 61,375 79,118 53,390
- - - -
33,675 46,060 79,735 26,345
51,418 107,435 158,853 79,735

Page 1

R&P Accounts

Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
When due
(optional)
Date of
approval
Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Signature
Details
Accounts Examination Fees - 2023
Details
Cash in Hand & in Bank
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Accounts Examination Fees - 2022		 Unrestricted
funds
to nearest £		 Restricted
funds
to nearest £
51,418 107,435 -
- - -
- - -
51,418 107,435 -
Date of
approval
USMAN SARODIA

Page 2

R&P Accounts

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 01 08 2022 To 31 07 2023

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) 1177092 Charity's principal address 26 BROADWAY ROAD LEICESTER Postcode LE5 5TA

THE REFAI FOUNDATION (UK)

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
HAIDARALI
GULAMHUSEN
KHALIFA
JAMILAHMED
MAMODO ISSUFO
DR USMAN
SARODIA
MOINUDDIN
KAMALUDDIN
SAIYED REFAI
SHARFRAZ
PINJARA

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

TAR

March 2012

1

Section B Structure, governance and management

Description of the charity’s trusts

CONSTITUTION ADOPTED 09 FEBRUARY 2018 AS AMENDED ON 29 Type of governing document MAY 2021

CHARITABLE INCORPORATED ORGANISATION How the charity is constituted

APPOINTED BY TRUSTEE MAJORITY Trustee selection methods

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Section C Objectives and activities

(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 assistance in the provision of educational activities and facilities, such as schools, libraries and training centres, and the provision of scholarships for the benefit of said persons;

Summary of the objects of the charity set out in its (2) governing document

To relieve financial hardship, distress and suffering among poor people, victims of natural disasters 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 food, clothing, utensils, medical treatment and accommodation for the said persons.

TAR

March 2012

2

During the period, the trustees raised funds from the public for a Summary of the main partnership project in India to support education of children in activities undertaken poverty. The partnership was with the Refai Public School based for the public benefit in India which benefits over 400 children annually to access in relation to these schooling in mainstream curriculum subjects, resources and objects (include midday meals. The trustees were exploring the delivery of funds within this section the due to changes in regulations in the area of benefit to overcome statutory declaration restrictions for charity transfers and are confident that this will be that trustees have resolved in the coming year. had regard to the guidance issued by The above activities help the trustees to relieve financial hardship the Charity among those that cannot afford to attend school and those that Commission on suffered hardship to meet their basic needs. The trustees have public benefit) had due regard to the public benefit guidance of the charity commission and confirm that they are delivering public benefit.

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

Section D Achievements and performance

During the period, the trustees raised funds from the public for a Summary of the main partnership project in India to support education of children in poverty. achievements of the charity The partnership was with the Refai Public School based in India which during the year benefits over 400 children annually to access schooling in mainstream curriculum subjects, resources and midday meals. The trustees were exploring the delivery of funds due to changes in regulations in the area of benefit to overcome restrictions for charity transfers and are confident that this will be resolved in the coming year.

The above activities will help 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 £91,017 of which Brief statement of the £61,375 was restricted and £29,642 was unrestricted. The expenditure charity’s policy on reserves for the year was £6,899 and an interest-free loan of £5,000 was made to a local charity to support its appeal. The charitable expenditure was low mainly due to the restriction of funds transfer to area of benefit. The charity had a surplus of £79,118 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 £158,853 which the charity intends to use for charitable expenditure in future years and to pay for some operational costs. The trustees have a policy to retain £2,000 in unrestricted reserves to meet operational costs.

TAR

March 2012

3

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) USMAN SARODIA Position (eg Secretary, Chair, TRUSTEE etc) Date

TAR

March 2012

4