Charity Registration No. 1183520
SENTINEL FOUNDATION (the "Charity")
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
SENTINEL FOUNDATION
| CONTENTS | |
|---|---|
| Page | |
| CHARITY INFORMATION | 2 |
| TRUSTEES' REPORT | 3 |
| INDEPENDENT EXAMINER'S REPORT | 5 |
| STATEMENT OF FINANCIAL ACTIVITIES | 6 |
| STATEMENT OF FINANCIAL POSITION | 7 |
| NOTES OF THE ACCOUNTS | 8 |
SENTINEL FOUNDATION
CHARITY INFORMATION
| Trustees | Current | Joining Date |
|---|---|---|
| Choudhry Muhammad Tufail Zafar | 21-May-19 | |
| Muhammad Shahid Iqbal Chaudhry | 21-May-19 | |
| Chaudhry Muhammad Zahid Iqbal | 21-May-19 |
| Charity number | 1183520 |
|---|---|
| Registered office | Sentinel House, Unit 36 |
| Oakwood Hill Industrial Estate | |
| Oakwood Hill Loughton | |
| Essex | |
| IG10 3TZ |
Page 2
SENTINEL FOUNDATION TRUSTEES' REPORT
FOR THE YEAR ENDED 30 JUNE 2021
The trustees' present their report and financial statements for the year ended 30 June 2021
Objectives:
The objective of the Charity are that it will be working in partnership with organisations in Pakistan, who will operate educational and health facilities on day to day basis.
1) The advancement of education in pakistan by establishing schools in undeveloped areas and providing grants of financial assistance to economically disadvantaged students to assist with payment of school/college fees.
2) The relief of sickness and the preservation and protection of good health in pakistan by establishing medical care centres in undeveloped areas and supporting existing medical care centres
3) The relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage in pakistan.
Governing Document:
The charity is controlled by its governing document, a deed of trust, and constitutes a charitable incorporated organisation (CIO) by the Charities Act 2006.
Activities and performance during the year:
There were no activites peroformed for the reporting period.
On behalf of the board of trustees 30 June 2021
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Trustee
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INDEPENDENT EXAMINER REPORT TO THE TRUSTEES' OF SENTINEL FOUNDATION FOR THE YEAR ENDED 30 June 2021
We report on the accounts for the year ended 30th June 2021 set out on pages 6 to 8.
Respective responsibilities of trustees and examiner:
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and to state whether particular matters have come to my attention.
Basis of the independent examiner's report:
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
Independent examiner's statement:
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr. Khalid Ahmed Memon
Director Swenta Limited IFA Membership No: 249951 30 June 2021
Page 5
SENTINEL FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2021
| Income and Endowments Donation and legacies Donations - (Unrestricted funds) Total incoming resources Resources expended Total resources expended (Deficit) / Surplus funds for the year Surplus brought forward from previous year Surplus resevre carried forward |
30-Jun-21 £ 0.00 |
|---|---|
| 0.00 | |
| 0.00 | |
| 0.00 | |
| 0.00 | |
| 0.00 | |
| 0.00 |
Page 6
SENTINEL FOUNDATION
STATEMENT OF FINANCIAL
POSITION AS AT 30 JUNE 2021
| 30-Jun-21 | |
|---|---|
| £ | |
| Cash at bank | - |
| Creditors | - |
| Net assets | - |
| Reserves | |
| Unrestricted Funds | - |
| Total funds | - |
| Approved by the Board of trustees' for issue on 30 June 2021 | |
| ............................................. | |
| Trustee |
Page 7
SENTINEL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
AS AT 30 JUNE 2021
Reporting entity
SENTINEL FOUNDATION (the "Charity") is a registered charity and operates from Sentinel House, Unit 36 Oakwood Hill Industrial Estate, Oakwood Hill , Essex, IG10 3TZ
Basis of preparation
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
These financial statements are presented in Pound Sterling, which is the Charity's functional currency. Except as otherwise indicated, financial information presented has been rounded to the nearest pound sterling.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds and it is probable that the income will be received and the amount can be measured reliably. Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objective of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Liabilities
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure and it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tax
The charity is exempt from tax on its charitable activities.
Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits or expenses paid for the year ended 30th June 2021
Page 8