## **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** 31/07/2024 **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 31/07/2024. - **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:** 31/05/2025 **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 ||||||||| |---|---|---|---|---|---|---|---| |**Trustees' Annual Report**|||||**for theperiod**||| |**From**|Period start date|||**To**|Period end date||| ||Day
01|Month
08|Year
2023||Day
31|Month
07|Year
2024| ## Section A Reference and administration details |**Charity name**
**Other names charity is known by**
**Registered charity number (if any)**
**Charity's principal address**|
THE REFAI FOUNDATION (UK)|
THE REFAI FOUNDATION (UK)| |---|---|---| |||| |||| ||1177092|| ||
WOODLANDS, 5 BLACKTHORN LANE, OADBY|| ||LEICESTER|| |||| ||**Postcode**|**LE2 4FA**| **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** Type of governing document - (eg. trust deed, constitution) How the charity is constituted CONSTITUTION ADOPTED 09 FEBRUARY 2018 AS AMENDED ON 29 MAY 2021 CHARITABLE INCORPORATED ORGANISATION - (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 **Summary of the** persons; **objects of the charity set out in its** (2) **governing document** To relieve financial hardship, distress and suffering 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 delivered the partnership project **Summary of the main** in India to support education of children in poverty. The **activities undertaken** partnership was with the Refai Public School based in India **for the public benefit** which benefits over 400 children annually to access schooling in **in relation to these** mainstream curriculum subjects, resources and midday meals. **objects (include** The direct support of the charity this year has resulted in the **within this section the** sponsorship of over 350 students studying at the school. **statutory declaration that trustees have** The above activities help the trustees to relieve financial hardship **had regard to the** among those that cannot afford to attend school and those that **guidance issued by** suffered hardship to meet their basic needs. The trustees have **the Charity** had due regard to the public benefit guidance of the charity **Commission on** commission and confirm that they are delivering public benefit. **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 delivered the partnership project in India **Summary of the main** to support education of children in poverty. The partnership was with **achievements of the charity** the Refai Public School based in India which benefits over 400 children **during the year** annually to access schooling in mainstream curriculum subjects, resources and midday meals. The direct support of the charity this year has resulted in the sponsorship of over 350 students studying at the school. ## **Section E Financial review** During the period, the charity secured total donations of £45,037 of which **Brief statement of the** £23,873 was restricted and £21,164 was unrestricted. The expenditure **charity’s policy on reserves** for the year was £126,730 which was mainly grants to the partner charity of £126,234. The interest free loan given to the local charity was returned during the year. The charity had a deficit for the year of 76,693 which was met with prior year surpluses. At the end of the period, the charity held £82,160 in surplus funds 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 matèrially In daficit Further flnan¢lal revléw detalls (Optional inforniatlon) You may choosa to include additional infomation, 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 trusteg3' report above. Signèd on behalf of the charity's trustees Slgnature(s) Full name(s) Position (•g S•crntary, Chair, gt¢) USMAN SARODIA TRUSTEE Dat• q/ 2f TAR March 2012 **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** 01/08/2023 31/07/2024 |**Section A Receipts and payments**|**Section A Receipts and payments**|||||| |---|---|---|---|---|---|---| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**21,164**
**-**
**-**
**-**
**-**
**-**
**-**
**21,164**
**5,000**
**-**
**5,000**
**26,164**
**-**
**-**
**304**
**192**
**-**
**-**
**-**
**-**
**496**
**-**
**-**
**-**
**496**
**25,668**
**-**
**51,418**
**77,086**|**Restricted**
**funds**
**to the nearest £**
**23,873**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**23,873**
**-**
**-**
**-**
**23,873**
**126,234**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**126,234**
**-**
**-**
**-**
**126,234**
**- 102,361**
**-**
**107,435**
**5,074**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**45,037**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**45,037**
**5,000**
**-**
**5,000**
**50,037**
**126,234**
**-**
**304**
**192**
**-**
**-**
**-**
**-**
**-**
**-**
**126,730**
**-**
**-**
**-**
**126,730**

**- 76,693**||**Last year**
**to the nearest £**| |Donations|**21,164**|||||**91,017**| |||||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**21,164**|||||**91,017**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| |**Loan repayment**|**5,000**|||||| ||**-**
|||||**-**| |~~**_Sub total_**~~|**5,000**|||||**-**| |**_Total receipts_ **
**A3 Payments**||||||| |||||||**91,017**| |||||||| |Grants|**-**|||||**4,994**| |Professional Fees|**-**|||||**1,783**| |Bank Charges|**304**|||||**122**| |Website Costs|**192**|||||**-**| ||**-**|||||**-**| |||||||**-**| |||||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_ **|**496**|||||**6,899**| |||||||| |**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_**||||||| |||||||**11,899**| |||||||| ||**25,668**|**- 102,361**|**-**|
**- 76,693**||**79,118**| ||**-**|**-**|**-**|**-**||**-**| ||**51,418**|**107,435**|**-**|**158,853**||**79,735**| ||**77,086**|**5,074**|**-**|**82,160**||**158,853**| Page 1 R&P Accounts Section B Statement of assets and liabilities at the end of the period UniestriGted funds t• h••r•gt£ Restricted nds Endowment funds Categories D¢tails n•Af•St £ n•ar•5t£ 81 C#sh funds Cash in Hand & in Bank 77,066 5,OY4 Total cash funds 77.086 6,074 {waTee balarKWWrth receiplsand pawnents Lu#ls11 Unrestri¢t•d funds Restricted funds Endowment funds Details to n•qT•St£ to n•qr•st£ FuThd to whS¢h SW b•l•n Curr•ntval In Detai15 83 Inv•5tm•rrt ass•ts Fund t•whi¢h aBS•t b•lon Details C•st (Op￿￿n￿lI yrv*nt ¥•1 tonal B4 Assets ret•in•d for th• charity's ovrn us• Fund ts whl¢h Mlat•s Amountdu• n*1 Wh•n du• n41 Detai15 Acwunts Examination Fees- 2022 B6 Llabiliti•s Gener2 750 Accounts Eyamination Fees- 2023 Genèra 700 A￿￿ts Examination Fees- 2024 General 70Q S￿ned by or two tru$tee$ on behaW of all trustee5 Signatrjre Print Name D81è of rov81 USMAN SAROD FZYUf. Pap2 R&PAccounts