Registered Charity Number 1181041
PARGOLF INTERNATIONAL FOUNDATION
Trustees Report and Annual Accounts
For The Year Ended 31 December 2023
PARGOLF INTERNATIONAL FOUNDATION Report and accounts Contents
| Page | |
|---|---|
| Trustees' Report | 1 |
| Statement of Trustees' responsibilities | 5 |
| Summary of Receipts and Payments | 8 |
| Statement of Assets & Liabilities | 9 |
| Notes to the accounts | 11 |
PARGOLF INTERNATIONAL FOUNDATION Charity Information
Trustees
Nahimul Islam Kramut Ali Mahmud Shahriaz
Accountants
MD Dilwar Hussain -FCCA Birchtree Sullivan 301 Lock Studios London London E3 3YD
Bankers
n/a
Registered office
301 Lock Studios London London E3 3YD
Registered number
1181041
1
PARGOLF INTERNATIONAL FOUNDATION
The report of the trustees for the year ended 31 December 2023
Introduction
The trustees present their annual report and accounts for the year ended 31st December 2023.
The board of trustees are satisfied with the performance of the charity during the year and the position at 31st December 2023 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations.
Name, registered office and constitution of the charity
The legal registration details are :
Date of formation 07/12/2018 The Principal Office is 301 Lock Studios, 7 Corsican Square, E3 3YD Charity Registration Number 1181041 The telephone number is ,07773336668
Objectives and Activities of the Charity
A summary of the objects of the charity as set out in its governing document.
The object[s] of the CIO is:
1) advancing amateur golf
2) advancing education by developing the mental and physical and moral capabilities of individuals through participation in golf as a leisure activity
3) promoting community participations in healthy recreation
Public benefit that is provided by the charity
amateur golf, advancing education by developing the mental and physical and moral capabilities of individuals through participation in golf as a leisure activity. Promoting community participations in healthy recreation
2
PARGOLF INTERNATIONAL FOUNDATION
The report of the trustees for the year ended 31 December 2023
Achievements and Performance of the Charity
A review of charitable activities undertaken by the charity
The Charity has been dormant since set up to 31 December 2023. There has been no income and set up/administrative costs have been funded by supporters of the Charity who will be repaid once funds are generated.
Structure, Governance and Management
Nature of the Governing Document and constitution of the charity
The Charity is incorporated and governed by its own Foundation constitiution The trustees have overall control and responsibility for policy and major decision making.
The methods adopted for the recruitment and appointment of new trustees
Other than the Trustees and those persons connected with them there are no individuals who are related parties.
Details of transactions with related parties are shown in the notes to the accounts. This includes remuneration and expenses paid to Trustees.
The Trustees are appointed at the Charity’s Annual General Meeting and retire from office at the third AGM following the AGM at which they were elected. Any casual vacancy arising during the year is filled by co-option of a person onto the board; that person is then duly elected at the subsequent Annual General Meeting.
No third party has a right to appoint a Trustee.
Financial Review
Policies on reserves
The Charity does not currently have a reserves policy as it is not fully operating, but Trustees are aware that some funds need to be retained where: a) Grants have been made that require contribution in future years b) Working capital is needed for future events that are planned to generate income
3
PARGOLF INTERNATIONAL FOUNDATION
The report of the trustees for the year ended 31 December 2023
The members of the Board of Trustees of the Charity during the year ended 31st December 2023 were :
Nahimul Islam Kramut Ali Mahmud Shahriaz
The members of the Board of Trustees of the Charity at the date the report and accounts were approved were:-
Nahimul Islam Kramut Ali Mahmud Shahriaz
Independent Accountant
MD Dilwar Hussain -FCCA Chartered Certified Accountant Birchtree Sullivan 301 Lock Studios London London E3 3YD
Statement of Trustees' Responsibilities
The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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state whether applicable accounting standards and statements of recommended practice have been followed , subject to any material
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departures disclosed and explained in the financial statements;
4
PARGOLF INTERNATIONAL FOUNDATION
The report of the trustees for the year ended 31 December 2023
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are also responsible for the contents of the trustees' report, and the responsibility of the independent examiner in relation to the trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 10 October 2024.
Mahmud Shahriaz Trustee
5
PARGOLF INTERNATIONAL FOUNDATION Statement of Receipts and payments for the year ended 31 December 2023
| Revenue Receipts Donations received Total Revenue Receipts A1 Payments Total Revenue Payments A3 Total Payments Net Payments Net Deficit Total Receipts from all sources Preparation of annual accounts |
Unrestricted Restricted Total Last Year Funds Funds Funds Total Funds 2023 2023 2023 2022 £ £ £ £ - - - - - - - - - - - - 804 - 804 504 804 - 804 504 804 - 804 504 (804) - (804) (504) (804) - (804) (504) |
|---|---|
6
PARGOLF INTERNATIONAL FOUNDATION Statement of Assets and Liabilities as at 31 December 2023
| Unrestricted | Restricted | Total | Last Year | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Cash funds | |||||
| Cash and bank balances at start of year | - | - | - | - | |
| Deficit on Receipts and Payments Account | (804) | - | (804) | (504) | |
| Cash and bank balances at the end | |||||
| of the year | B1 | (804) | - | (804) | (504) |
Mahmud Shahriaz
Chairman Approved by the board of trustees on 10 October 2024
The notes on pages 11-12 form an integral part of these accounts.
Mahmud Shahraiz (Oct 25, 2024, 12:36pm)
7
PARGOLF INTERNATIONAL FOUNDATION
Notes to the Accounts
for the year ended 31 December 2023
1 The nature and purpose of each fund
The funds have been separated in accordance to the projects carried out by ParGolf International Foundation
2 Statement that no remuneration was paid to a trustee or any persons connected with them
No remuneration was paid to any trustee or any person connected with a trustee.
9
Issuer
Issuer Birchtree Sullivan Chartered Certified Accountants Document generated Thu, 10th Oct 2024 15:45:05 BST Document fingerprint 07ca526a16b995a50aa9f4f230ceefb3
Parties involved with this document
Document processed
Party + Fingerprint
Fri, 25th Oct 2024 12:36:01 BST Mahmud Shahraiz - Signer (77222bdda7bea36177e86175fd92ad9f) Audit history log Date Action Thu, 10th Oct 2024 15:45:05 BST Envelope generated by Birchtree Sullivan Chartered Certified Accountants89.38.121.136 Thu, 10th Oct 2024 15:45:05 BST Document generated with fingerprint 07ca526a16b995a50aa9f4f230ceefb389.38.121.136 Thu, 10th Oct 2024 15:45:05 BST Document generated with fingerprint 1c5d20ab151a0d90b0e3a0f4e3df573789.38.121.136 Thu, 10th Oct 2024 15:47:18 BST Sent the envelope to Mahmud Shahraiz for signing89.38.121.136 Thu, 10th Oct 2024 15:47:18 BST Document emailed to party email13.40.37.151 Fri, 25th Oct 2024 12:26:47 BST Sent Mahmud Shahraiz a reminder to sign the document.89.38.121.136 Fri, 25th Oct 2024 12:26:48 BST Document emailed to party email18.130.201.38 Fri, 25th Oct 2024 12:26:50 BST Mahmud Shahraiz opened the document email.72.14.199.65 Fri, 25th Oct 2024 12:35:44 BST Mahmud Shahraiz opened the document email.66.249.93.69 Fri, 25th Oct 2024 12:35:48 BST Mahmud Shahraiz viewed the envelope82.19.156.99 Fri, 25th Oct 2024 12:36:02 BST Mahmud Shahraiz signed the envelope82.19.156.99 Fri, 25th Oct 2024 12:36:02 BST This envelope has been signed by all parties82.19.156.99 Fri, 25th Oct 2024 12:36:02 BST Mahmud Shahraiz viewed the envelope82.19.156.99 Fri, 25th Oct 2024 12:36:03 BST Dropbox integration upload completed for envelope Pargolf International Foundation Final Accounts 31.12.2023.pdf Fri, 25th Oct 2024 12:36:04 BST Dropbox integration upload completed for envelope Pargolf International Foundation Final Accounts 31.12.2023.pdf