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2023-09-01-accounts

CHARITY REGISTRATION NUMBER: 1183031

Naz Legacy Foundation Unaudited Financial Statements

1 September 2023

TURPIN BARKER ARMSTRONG

Chartered Certified Accountants Allen House

1 Westmead Road

Sutton Surrey SM1 4LA

Naz Legacy Foundation

Financial Statements

Year ended 1 September 2023

Page
Trustees' annual report 1
Independent examiner's report to the trustees 7
Statement of financial activities 8
Statement of financial position 9
Notes to the financial statements 10
The following pages do not form part of the financial statements
Detailed statement of financial activities 20

Naz Legacy Foundation

Trustees' Annual Report

Year ended 1 September 2023

The trustees present their report and the unaudited financial statements of the charity for the year ended 1 September 2023.

Reference and administrative details

Registered charity name Naz Legacy Foundation Charity registration number 1183031 Principal office Unit C119 Trident Business Centre 89 Bickersteth Road Tooting London SW17 9SH The trustees B Nasir I Sanaullah H Bokhari H Kaufman S Musa T Jones Independent examiner David Payne FCA Turpin Barker Armstrong Allen House 1 Westmead Road Sutton Surrey SM1 4LA

1

Naz Legacy Foundation

Trustees' Annual Report (continued)

Year ended 1 September 2023

Structure, governance and management

The Charity is constituted as a Charitable Incorporated Organisation (CIO).

The trustees were appointed in April 2019, when Naz Legacy first registered with the Charity Commission for three years and were selected due to their personal relationship with Naz Bokhari OBE and commitment to the Naz Legacy Foundation since 2012.

Three new trustees were appointed by the Board in December 2021. Selection was based on their skill set and their previous work with the Foundation.

Objectives and activities

The Naz Legacy Foundation is a UK-based charity which seeks to promote excellence in education and positive integration into British society. The Foundation was established to continue the legacy of the late Naz Bokhari OBE. This Foundation has been set up by his family who wish to honour his life and good work. It hopes that like him, by promoting excellence in education and positively integrating in British society, we can all make an impact.

The Foundation has the mission of raising aspirations and promoting positive integration, which is enacted through programmes for public benefit.

Interfaith Iftar

The Foundation organises high profile community integration events, and the Interfaith Iftar is the highlight of the Foundation’s calendar. It offers young people (14-30) the opportunity to meet people from different faiths and none and directly engage with leaders in our society

Diversity Programme

The Diversity Programme provides a series of educational and cultural enrichment opportunities for young people from disadvantaged and minority backgrounds, including opportunities to learn about the rich heritage of diverse role models in Britain. The Programme aims to make young people aware of the positive contributions they can make to society.

Naz Bokhari Fellowship

A mentoring programme delivered to one young person at Ernest Bevin Secondary school in Tooting, where Naz had his headship.

Muslim Teachers Association (MTA)

The Foundation is incubating the MTA within the charity. The MTA was founded by Naz Bokhari over 40 years ago and the charity will support its relaunch.

Grant-Making Approach

A key tool by which the trustees will further the Foundation's Purpose is through the provision of small monetary grants to winners of the Naz Bokhari Fellowship.

Eligibility

All students at participating schools or colleges are eligible for consideration for a grant as part of the Award determination process. The Award will be used to support a student from the participating school or college who has:

2

Naz Legacy Foundation

Trustees' Annual Report (continued)

Year ended 1 September 2023

Selection process

The Award will recognise those students who have exemplified the values of Naz Bokhari and the Foundation.

Selection based on the above criteria is delegated to staff at participating schools/colleges on the basis that they know their students best. The Foundation ensures that the school staff involved in the selection process fully understand the criteria to be applied in the selection process and will ensure that such have been applied before confirming any Award, including the allocation of the funds.

Monitoring and Publication

It is the policy of the Trustees to monitor all grants made.

Recipients must be informed that the grant must be used for legitimate expenditure related to their academic and/or career aspirations. The Foundation will work with Award winners, as part of the wider support package, to help the recipients to use the funds to best effect to further their long-term aims. Recipients are required to report on how they have used the funds and how the financial support has helped them achieve their long-term aims. The Trustees also expect to receive copies of any published articles, papers or other outputs.

Contribution made by volunteers

The Foundation has been supported by its volunteers from its inception in 2012. The Foundation has an advisory team, compromising of six volunteers, who help steer the direction of the Foundation. They support the Director in planning events, running events and with future planning and grant applications. The Foundation also relies on its army of volunteers to support the high-profile interfaith events, the charity organises in Ramadan.

We have a number of volunteers who support in the delivery of our Diversity Days and Interfaith events.

Achievements and performance

Interfaith

In Ramadan, March/April 2023, we hosted an Interfaith Iftar in partnership with the Natural History Museum. Over 100 young people from all backgrounds were in attendance. The event brought together all of the UK’s major faith leaders, and speakers included Secretary of State for Education, Rt Hon Gillian Keegan MP, Sir Patrick Valance, Miranda Lowe MBE, Rabbi Hackenbroch and Dr Doug Gurr. The event centred around how people can use their faith to protect the natural word and encourage others to become advocates for the planet.

In partnership with St George’s Hospital Charity, we organised the first Interfaith Iftar in Tooting in March 2023. Residents, faith leaders, local councillors and the Deputy Mayor of Wandsworth came together to discuss and debate how faith and non-faith communities can come together for the betterment of all communities.

In April 2023, we hosted an Eid reception at Hampton Court Palace where we were joined by our guest of honour, HRH Princess Badiya of Jordan.

The 10th Anniversary of the Naz Legacy foundation was hosted by the City of London which was attended by Sadiq Khan, Sir Mufti Hamid Patel, Bishop of London and Chief Rabbi Mirvis. This event helped to raise funds for the Foundation’s endowment, to financially secure the future of the Foundation.

3

Naz Legacy Foundation

Trustees' Annual Report (continued)

Year ended 1 September 2023

Achievements and performance (continued)

Diversity Programme

Our 2022/23 Diversity Programme began with a Diversity Day with the Royal Navy at HMS President. 60 young people from years 7-9 were able to build teamwork and leadership skills, and learn about the diverse roles available in the Royal Navy. This was followed by a Diversity Day at Kensington Palace where the young people explored diversity through history and discussed the importance of celebrating diversity in the UK.

This year we have also hosted Diversity Days at:

Work experience placements were carried out with Historic Royal Palace who hosted six students, and one student gained experience in Wes Streeting MP’s office.

The Diversity Programme also provided a series of workshops on challenging hate and the importance of community building and civic participation as methods to achieve this – in increasingly polarised times it is crucial that conversations with young people on these topics continue.

The Diversity Programme has engaged with over 1,576 students directly so far.

In the past 12 months, the Foundation has made great strides towards its objectives. The Foundation has focussed on raising aspiration amongst young people through its Diversity Programme and has encouraged positive integration via its Interfaith events and the Diversity Programme.

Interfaith Iftar

The evaluation from the 2023 Interfaith Iftars. The key finding are,

Diversity Programme

The evaluation from beginning to end of the Diversity Programme produced the following key findings:

4

Naz Legacy Foundation

Trustees' Annual Report (continued)

Year ended 1 September 2023

Performance of fundraising activities against objectives set

The fundraising aim for the charity is to ensure it has enough funds available to continue the employment of its staff, run and develop its programme - both of these objectives have been met. We will also be fundraising over the next 12 months

to increase the number of staff, capacity and programme delivery.

We also aim to maintain reserve for six months of running costs.

Policies and procedures adopted for the induction and training of trustees

The Charity has the following policies in place:

The charity’s organisational structure and any wider network with which the charity works

Trustees have delegated the running of the Foundation to the executive made up of four full time members of staff.

Whilst trustees oversee the governance and finances of the Charity, the executive has been given the responsibility to look after the day to day running of the Foundation.

A description of the principal risks facing the charity

The Charity is in a reasonably good position currently, however, the biggest risk to the charity is the long-term impact of the economic uncertainty of the country. Staffing and turnover of staff is also a risk.

The charity has previously been dependant on philanthropic donations; however, the charity has increased its applications for grants and has also received a number of grants which has helped us diversify our income.

Relationship with any related parties

The charity has no related parties.

5

Naz Legacy Foundation

Trustees' Annual Report (continued)

Year ended 1 September 2023

Financial review

The charity is in a stable financial position.

The charity has a four month reserve to ensure it is able to cover core cost and reassess its financial and organisational future.

The charity hold a reserve of £48,000

The main source of funding for the charity in 2022/2023 was through charitable donations and grants to support the Foundation's programme.

The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:

B Nasir Chair of Trustees

6

Naz Legacy Foundation

Independent Examiner's Report to the Trustees of Naz Legacy Foundation

Year ended 1 September 2023

I report to the trustees on my examination of the financial statements of Naz Legacy Foundation ('the charity') for the year ended 1 September 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales ( ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

David Payne FCA Independent Examiner

Turpin Barker Armstrong Allen House 1 Westmead Road Sutton Surrey SM1 4LA

7

Naz Legacy Foundation

Statement of Financial Activities

Year ended 1 September 2023

2023 2022
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 4 267,018 5,000 272,018 91,178
Other income 5 – – – 506
-------------------------------- ----------------------- -------------------------------- ----------------------------
Total income 267,018 5,000 272,018 91,684
================================ ======================= ================================ ============================
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies 6 115,407 5,000 123,626 105,245
Other expenditure 7 63 – 63 47
-------------------------------- ----------------------- -------------------------------- --------------------------------
Total expenditure 115,469 5,000 120,469 105,292
================================ ======================= ================================ ================================
-------------------------------- ----------------------- -------------------------------- --------------------------------
Net income/(expenditure) and net
movement in funds 151,549 – 151,549 (13,608)
================================ ======================= ================================ ================================
Reconciliation of funds
Total funds brought forward 82,804 – 82,804 96,412
-------------------------------- ----------------------- -------------------------------- --------------------------------
Total funds carried forward 234,353 – 234,353 82,804
================================ ======================= ================================ ================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

8

Naz Legacy Foundation

Statement of Financial Position

1 September 2023

2023 2022
Note £ £
Fixed assets
Intangible assets 12 2,295 3,825
Tangible fixed assets 13 525 682
----------------------- -----------------------
2,820 4,507
Current assets
Debtors 14 28,220 15,000
Cash at bank and in hand 212,791 74,123
-------------------------------- ----------------------------
241,011 89,123
Creditors: amounts falling due within one year 15 9,478 10,826
-------------------------------- ----------------------------
Net current assets 231,533 78,297
-------------------------------- ----------------------------
Total assets less current liabilities 234,353 82,804
-------------------------------- ----------------------------
Net assets 234,353 82,804
================================ ============================
Funds of the charity
Unrestricted funds 234,353 82,804
-------------------------------- ----------------------------
Total charity funds 17 234,353
================================		 82,804
============================

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:

B Nasir Trustee

9

Naz Legacy Foundation

Notes to the Financial Statements

Year ended 1 September 2023

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Unit C119 Trident Business Centre, 89 Bickersteth Road, Tooting, London, SW17 9SH.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the

charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

10

Naz Legacy Foundation

Notes to the Financial Statements (continued)

Year ended 1 September 2023

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

11

Naz Legacy Foundation

Notes to the Financial Statements (continued)

Year ended 1 September 2023

3. Accounting policies (continued)

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the charity's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Website - 25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

12

Naz Legacy Foundation

Notes to the Financial Statements (continued)

Year ended 1 September 2023

3. Accounting policies (continued)

Impairment of fixed assets (continued)

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

13

Naz Legacy Foundation

Notes to the Financial Statements (continued)

Year ended 1 September 2023

3. Accounting policies (continued)

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Donations and legacies

Unrestricted Unrestricted Restricted Total Funds Total Funds
Funds Funds 2023
£ £ £
Donations
Donations 207,120 – 207,120
Grants
Grants receivable 59,898 5,000 64,898
-------------------------------- ----------------------- --------------------------------
267,018 5,000 272,018
================================ ======================= ================================
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Donations
Donations 73,287 – 73,287
Grants
Grants receivable 17,891 – 17,891
---------------------------- -------------- ----------------------------
91,178 – 91,178
============================ ============== ============================
5. Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
£ £ £ £
VAT refund – – 506 506
============== ============== ============== ==============
6. Costs of raising donations and legacies
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Costs of raising donations and legacies - Donations 115,407 5,000 120,407
================================ ======================= ================================

14

Naz Legacy Foundation

Notes to the Financial Statements (continued)

Year ended 1 September 2023

Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Costs of raising donations and legacies - Donations 105,245 – 105,245
================================ ============== ================================
7. Other expenditure
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
£ £ £ £
Donations - Bank Charges 63 63 47 47
============== ============== ============== ==============
8. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2023 2022
£ £
Amortisation of intangible assets 1,530 2,295
Depreciation of tangible fixed assets 259 279
Operating lease rentals 117 7,247
======================= =======================
9. Independent examination fees
2023 2022
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 6,600
=======================		 2,500
=======================

10. Staff costs

The average head count of employees during the year was 2 (2022: 2).

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

11. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

15

Naz Legacy Foundation

Notes to the Financial Statements (continued)

Year ended 1 September 2023

12. Intangible assets

Goodwill
£
Cost
At 2 September 2022 and 1 September 2023 6,120
=======================
Amortisation
At 2 September 2022 2,295
Charge for the year 1,530
-----------------------
At 1 September 2023 3,825
=======================
Carrying amount
At 1 September 2023 2,295
=======================
At 1 September 2022 3,825
=======================
13. Tangible fixed assets
Plant and
machinery
£
Cost
At 2 September 2022 961
Additions 102
-----------------------
At 1 September 2023 1,063
=======================
Depreciation
At 2 September 2022 279
Charge for the year 259
-----------------------
At 1 September 2023 538
=======================
Carrying amount
At 1 September 2023 525
=======================
At 1 September 2022 682
=======================
14. Debtors
2023 2022
£ £
Trade debtors 25,000 15,000
Other debtors 3,220
---------------------------- ----------------------------
28,220 15,000
============================ ============================

16

Naz Legacy Foundation

Notes to the Financial Statements (continued)

Year ended 1 September 2023

15. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals and deferred income 6,600 2,500
Social security and other taxes 2,878 8,326
----------------------- ----------------------------
9,478 10,826
======================= ============================

16. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,427 (2022: £1,268).

17. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At At
2 September 1 September
2022 Income Expenditure 2023
£ £ £ £
General funds 82,804 267,018 (115,469) 234,353
============================ ================================ ================================ ================================
At At
2 September 1 September
2021 Income Expenditure 2022
£ £ £ £
General funds 96,412 91,684 (105,292) 82,804
============================ ============================ ================================ ============================
Restricted funds
At At
2 September 1 September
2022 Income Expenditure 2023
£ £ £ £
Restricted Fund – 5,000 (5,000) –
============== ======================= ======================= ==============
At At
2 September 1 September
2021 Income Expenditure 2022
£ £ £ £
Restricted Fund – – – –
============== ============== ============== ==============

17

Naz Legacy Foundation

Management Information

Year ended 1 September 2023

18. Analysis of net assets between funds

Unrestricted Total Funds
Funds 2023
£ £
Current assets
Creditors less than 1 year
-------------- --------------
Net assets - -
============== ==============
Unrestricted Total Funds
Funds 2022
£ £
Current assets 93,773 93,773
Creditors less than 1 year (3,754) (3,754)
---------------------------- ----------------------------
Net assets 90,019 90,019
============================ ============================

18

Naz Legacy Foundation

Management Information

Year ended 1 September 2023

The following pages do not form part of the financial statements.

19

Naz Legacy Foundation

Detailed Statement of Financial Activities

Year ended 1 September 2023

2023 2022
£ £
Income and endowments
Donations and legacies
Donations 207,120 73,287
Grants receivable 64,898 17,891
-------------------------------- ----------------------------
272,018 91,178
-------------------------------- ----------------------------
Other income
VAT refund – 506
-------------- --------------
-------------------------------- ----------------------------
Total income 272,018 91,684
================================ ============================
Expenditure
Costs of raising donations and legacies
Charity events 23,693 18,828
Wages and salaries 67,606 54,618
Employer's NIC 335 456
Pension costs 1,427 1,268
General expenses 117 7,247
Rent 5,000 3,750
Insurance 499 330
Printing, postage, and stationery 397 190
Travel costs 1,451 1,253
Legal and professional fees 1,845 2,941
Telephone 371 10
Accountancy 6,600 2,500
Amortisation 1,530 2,295
Depreciation 259 279
Charitable donations 15 199
Advertising 2,706 389
Subscription cost 2,742 2,324
Training 3,186 5,086
Computer costs 628 1,282
-------------------------------- --------------------------------
120,407 105,245
-------------------------------- --------------------------------
Other expenditure
Donations - Bank Charges 63 47
-------------- --------------
-------------------------------- --------------------------------
Total expenditure 120,469 105,292
================================ ================================
-------------------------------- --------------------------------
Net income/(expenditure) 151,549 (13,608)
================================ ================================

20

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Signature 1

Signed by bushra Nasir using authentication code TEEybjReR2ZTQkg0 at IP address 5.69.113.250, on 2024/06/27 14:36:09 Z.

bushra Nasir's e-mail address is: bushranasir786@hotmail.com.

bushra Nasir added the following comments:

"Signed document again as requested"