## **Trustees' Annual Report for the period** Period start date Period end date 01 July 2023 30 June 2024 **From** **To** ## Section A Reference and administration details **Charity name** The Maidenway-Khalique Foundation **Other names charity is known by Registered charity number (if any)** 1184363 **Charity's principal address** 175a Hoe Street Walthamstow London **Postcode E17 3AP** ## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Arsalan Khalique
Armaghan
2
Khalique
3 Salman Khalique
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
**Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** March **2012** **TAR** 1 ## **Names and addresses of advisers (Optional information)** |**Type of adviser**|**Name**|**Address**| |---|---|---| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Type of governing document CIO-Foundation constitution - (eg. trust deed, constitution) How the charity is constituted CIO - (eg. trust, association, company) Trustee selection methods Appointed - (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** **Summary of the objects of the charity set out in its governing document** TO ADVANCE SUCH CHARITABLE PURPOSES (ACCORDING TO THE LAW OF ENGLAND AND WALES) AS THE TRUSTEES SEE FIT FROM TIME TO TIME IN THE UK AND PAKISTAN, AND IN EACH CASE FOR THE PUBLIC BENEFIT, IN PARTICULAR BUT NOT LIMITED TO ADVANCING EDUCATION, THE RELIEF OF SICKNESS AND PROTECTION OF HEALTH, AND THE PREVENTION AND RELIEF OF POVERTY. March **2012** **TAR** 2 **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on 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. March **2012** **TAR** 3 Section D Achievements and performance **Summary of the main achievements of the charity during the year** March **2012** **TAR** 4 ## **Section E Financial review** **Brief statement of the charity’s policy on reserves** **Details of any funds materially in deficit** We make sure that we have sufficient funds to meet ongoing financial commitments. ## **Further financial review details (Optional information)** You **may choose** to include additional information, 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 trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s)** Arsalan Khalique **Position (eg Secretary, Chair,** Trustee **etc)** **Date** 22nd April 2025 March **2012** **TAR** 5 **REGISTERED COMPANY NUMBER: CE018165 (England and Wales) REGISTERED CHARITY NUMBER: 1184363** ## Report of the Trustees and ## Unaudited Financial Statements for the Year Ended 30 June 2024 ## for - The Maidenway Khalique Foundation HKL Accountants Limited 45 Cheriton Avenue Clayhall, Essex IG5 0QL - The Maidenway Khalique Foundation Contents of the Financial Statements for the Year Ended 30 June 2024 ||Page| |---|---| |Report of the Trustees|1| |Statement of Financial Activities|2| |Balance Sheet|3| |Notes to the Financial Statements|4 to 7| |Detailed Statement of Financial Activities|8| - The Maidenway Khalique Foundation ## Report of the Trustees ## for the Year Ended 30 June 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of 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 1 January 2019). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** CE018165 (England and Wales) ## **Registered Charity number** 1184363 ## **Registered office** 175a hoe Street Walthamstow London E17 3AP ## **Trustees** A Khalique S Khalique A Khalique ## **Company Secretary** Approved by order of the board of trustees on 6 August 2024 and signed on its behalf by: A Khalique - Trustee Page 1 - The Maidenway Khalique Foundation ## Statement of Financial Activities for the Year Ended 30 June 2024 ||30.6.24|30.6.23| |---|---|---| ||Unrestricted|| ||funds|Total funds| |Notes|£|£| |**EXPENDITURE ON**||| |**Charitable activities**||| |Donations|25,000|80,000| |Bank Charges|453|569| |**Total**|25,453|80,569| |Net gains/(losses) on investments|-|(95,728)| |**NET INCOME/(EXPENDITURE)**|(25,453)|(176,297)| |**RECONCILIATION OF FUNDS**||| |**Total funds brought forward**|798,159|974,456| |**TOTAL FUNDS CARRIED FORWARD**|772,706|798,159| The notes form part of these financial statements Page 2 - The Maidenway Khalique Foundation ## Balance Sheet ## 30 June 2024 |||30.6.24|30.6.23| |---|---|---|---| |||Unrestricted|| |||funds|Total funds| ||Notes|£|£| |**CURRENT ASSETS**|||| |Investments|4|300,899|300,899| |Cash at bank||471,807|497,260| |||772,706|798,159| |**NET CURRENT ASSETS**||772,706|798,159| |**TOTAL ASSETS LESS CURRENT**|||| |LIABILITIES||772,706|798,159| |**NET ASSETS**||772,706|798,159| |**FUNDS**|5||| |Unrestricted funds||772,706|798,159| |**TOTAL FUNDS**||772,706|798,159| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 6 August 2024 and were signed on its behalf by: A Khalique - Trustee The notes form part of these financial statements Page 3 - The Maidenway Khalique Foundation Notes to the Financial Statements for the Year Ended 30 June 2024 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, 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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** 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 objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023. Page 4 continued... - The Maidenway Khalique Foundation ## Notes to the Financial Statements - continued ## for the Year Ended 30 June 2024 ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**EXPENDITURE ON**
**Charitable activities**
Donations
Bank Charges
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED**
**FORWARD**
**4.**
**CURRENT ASSET INVESTMENTS**
Listed investments
**5.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.7.23
£
798,159
798,159|Unrestricted
funds
£
80,000
569
80,569
(95,728)
(176,297)
974,456
798,159
30.6.24
30.6.23
£
£
300,899
300,899| |---|---|---| |||Net
movement
in funds
At 30.6.24
£
£
(25,453)
772,706
(25,453)
772,706| Page 5 continued... - The Maidenway Khalique Foundation Notes to the Financial Statements - continued for the Year Ended 30 June 2024 ## **5. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources|expended|in funds| |||£|£|£| |**Unrestricted funds**||||| |General fund||-|(25,453)|(25,453)| |**TOTAL FUNDS**||-|(25,453)|(25,453)| |**Comparatives for movement in funds**||||| ||||Net|| ||||movement|| |||At 1.7.22|in funds|At 30.6.23| |||£|£|£| |**Unrestricted funds**||||| |General fund||974,456|(176,297)|798,159| |**TOTAL FUNDS**||974,456|(176,297)|798,159| |Comparative net movement in funds, included in the||above are as follows:||| ||Incoming|Resources|Gains and|Movement| ||resources|expended|losses|in funds| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|-|(80,569)|(95,728)|(176,297)| |**TOTAL FUNDS**|-|(80,569)|(95,728)|(176,297)| |A current year 12 months and prior year|12 months combined position is as follows:|||| ||||Net|| ||||movement|| |||At 1.7.22|in funds|At 30.6.24| |||£|£|£| |**Unrestricted funds**||||| |General fund||974,456|(201,750)|772,706| |**TOTAL FUNDS**||974,456|(201,750)|772,706| Page 6 continued... - The Maidenway Khalique Foundation for the Year Ended 30 June 2024 ## Notes to the Financial Statements - continued ## **5. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Gains and|Movement| |---|---|---|---|---| ||resources|expended|losses|in funds| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|-|(106,022)|(95,728)|(201,750)| |**TOTAL FUNDS**|-|(106,022)|(95,728)|(201,750)| ## **6. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30 June 2024. Page 7 - The Maidenway Khalique Foundation |Detailed Statement of Financial Activities
for the Year Ended 30 June 2024
**INCOME AND ENDOWMENTS**
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Grants to institutions
**Support costs**
**Finance**
Bank charges
Total resources expended
**Net expenditure before gains and**
losses
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset
investments
**Net expenditure**|30.6.24
£
-
25,000
453
25,453
(25,453)
-
(25,453)
(|30.6.23
£
-
80,000
569
80,569
(80,569)
(95,728)
176,297)| |---|---|---| This page does not form part of the statutory financial statements Page 8