CHARITY REGISTERED NUMBER: 1177143 ENGLAND AND WALES ## **AL SAHARA EDUCATIONAL & WELFARE TRUST** **REPORTS OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024** ## **CONTENTS OF FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31st MARCH 2024 ## **PAGE CONTENT** - 2 CHARITY INFORMATION - 3-4 TRUSTEES' REPORT - 5 STATEMENT OF TRUSTEES' RESPONSIBILITIES - 6 INDEPENDENT EXAMINER'S REPORT - 7 RECEIPTS AND PAYMENTS ACCOUNT - 8 STATEMENT OF ASSETS AND LIABILITIES 9-10 NOTES TO THE ACCOUNTS ## **AL SAHARA EDUCATIONAL & WELFARE TRUST CHARITY INFORMATION** FOR THE YEAR ENDED 31st MARCH 2024 ## **TRUSTEES:** Mr. Imran Rashid (Chair) Mr. Khurram Rashid (Trustee) Mr. Kamran Rashid (Trustee) ## **REGISTERED OFFICE:** 18 Sandpiper Mews, Bradford, BD8 0RG ## **CHARITY NUMBER:** 1177143 ## **ACCOUNTANTS:** Xpert Accountants Ltd Chartered Certified Accountants 671 Manchester Road, Denton, Manchester, M34 2NA ## **BANKERS:** Barclays Bank UK PLC ## **AL SAHARA EDUCATIONAL & WELFARE TRUST REPORT OF THE TRUSTEES** FOR THE YEAR ENDED 31st MARCH 2024 The trustees present their report for the year ended 31st March 2024. ## **STRUCTURE, GOVERNANCE, AND MANAGEMENT** The charity was formed and registered with the Charity Commission on 13th February 2018. The Trustees have assessed the major risks to which the charity is exposed, particularly those related to operations and finances, and believe effective insurance, checks, controls, and procedures are in place to mitigate these risks. The Trustees meet regularly to review legal and administrative matters, establish policy, and plan long-term strategies. Trustees have the power to appoint and remove trustees as per the governing document. ## **OBJECTIVES AND ACTIVITIES** The charity’s objectives include promoting the benefit of individuals in underdeveloped areas of Pakistan, particularly Azad Kashmir, through: - (A) Provision of recreational facilities for social welfare. - (B) Advancing education and health preservation. - (C) Providing necessary resources such as school equipment and facilities. The trustees are committed to using the charity's income exclusively for public benefit and have adhered to Charity Commission guidelines. While no funds were disbursed this year, future projects aim to expand these objectives. ## **ACHIEVEMENTS AND PERFORMANCE** The Trustees organized fundraising events across the country, raising awareness about deprivation in Azad Kashmir and Pakistan. The charity raised £2,160.00 in donations this year. ## **FINANCIAL REVIEW** The accounts are prepared on a receipts and payments basis covering a twelve-month period. The primary funding source is public donations. Administrative expenses are minimal and personally covered by the trustees, ensuring that funds are directed towards charitable activities. No reserves are currently maintained as all funds are disbursed for immediate use. ## **AL SAHARA EDUCATIONAL & WELFARE TRUST STATEMENT OF TRUSTEES' RESPONSIBILITIES** The Trustees are required to prepare financial statements that give a true and fair view of the charity’s financial position and performance. To do so, the Trustees must: - Select and apply suitable accounting policies consistently. - Make judgments and estimates prudently. - Prepare the financial statements on a going concern basis. The Trustees are also responsible for safeguarding the charity’s assets and preventing fraud. Under the Charities Act 2011, Trustees may prepare accounts on a receipts and payments basis if the charity’s income does not exceed £250,000. ## **DECLARATION** The Trustees approve this report: Signed: .............................................. Mr. Imran Rashid Chairman & Trustee Date: 22 January 2025 ## **INDEPENDENT EXAMINER'S REPORT** I report on the accounts of the charity for the year ended 31st March 2024. ## **RESPECTIVE RESPONSIBILITIES** The Trustees are responsible for preparing the accounts. The Trustees consider that an audit is not required under section 144 of the Charities Act 2011 but that an independent examination is necessary. As the independent examiner, my responsibility is to: - Examine the accounts under section 145 of the Charities Act 2011. - Follow Charity Commission procedures. - Provide a report stating any matters that require attention. ## **BASIS OF STATEMENT** My examination was conducted per Charity Commission guidelines. An examination includes reviewing records, comparing them to accounts, and seeking explanations for discrepancies. This is not an audit and no opinion on the accounts' accuracy is given. ## **INDEPENDENT EXAMINER’S STATEMENT** In my opinion: 1. The charity has maintained proper accounting records as required under section 130 of the Charities Act 2011. 2. No matter has come to my attention that requires further disclosure for a proper understanding of the accounts. Signed: .............................................. Xpert Accountants Ltd Chartered Certified Accountants ## **RECEIPTS AND PAYMENTS ACCOUNT** FOR THE YEAR ENDED 31st MARCH 2024 |**Category**|**2024(£)**|**2023(£)**| |---|---|---| |**Income**||| |Donations|2,160.00|2,240.00| |**Expenditure**||| |Direct Expenses|5,025.00|-| |**Net Receipts/(payments)**|(2,945.00)|2,240.00| |Opening Balance|7,093.94|4,918.94| |Closing Balance|4,228.94|7,093.94| ## **STATEMENT OF ASSETS AND LIABILITIES** AS AT 31st MARCH 2024 |**Category**|**2024(£)**|**2023(£)**| |---|---|---| |**Fixed Assets**|-|-| |**Current Assets**||| |Cash in Bank|7,093.94|4,918.94| |**Liabilities**|-|-| |**Net Assets**|7,093.94|4,918.94| ## **NOTES TO THE ACCOUNTS** FOR THE YEAR ENDED 31st MARCH 2024 1. **Accounting Policies** The accounts are prepared on a receipts and payments basis per Charity Commission guidelines. 2. **Income** Income is recognized when received. 3. **Expenditure** Expenses are recorded when paid. There were no direct charitable expenditures during the year. 4. **Trustees and Employees** No trustees received remuneration or expenses during the year. The charity has no employees, relying solely on volunteers. 5. **Fixed Assets** No fixed assets are held. 6. **Reserves** The charity does not maintain a reserve fund as most administrative costs are covered by trustees personally. The financial statements were approved on 22 January 2025 by the Board of Trustees and signed on their behalf by: ## **Mr. Imran Rashid** Chairman & Trustee