## **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.
- **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:** 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
- (eg. trust deed, constitution)
CHARITABLE INCORPORATED ORGANISATION How the charity is constituted
- (eg. trust, association, company)
APPOINTED BY TRUSTEE MAJORITY Trustee selection methods
- (eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with 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**
(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:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
## 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:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
- investment policy and objectives including any ethical investment policy adopted.
## **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