(HARITY MMISSION Trustees, Annual Report for the period Frrrn Islt d) 9 1 to le del Section A Reference and administration details Chanty nane l GUL MAWAZ KHAN MEM(JtIAL FOUNDAnON her n•xes the Chanty Is known by Regislered tharrty nLMnber Irf any} Chanty's ppaI athJre5s , 72 FftyOJ Y Cknan Cffj MKI I3an Names of the ¢harity InJstees Vho mar4ge drIty Name of person lor body entitl•d to appolnl tru$t•e lif any) BOARD TnL%lee Name Offi¢• Ilf anyl T*hol• y•ar 1 8A8AR NAWAZ WA 2 OASAR RAIA 3 ASIM JAVED 10 12 13 14 15 16 17 18 19 20 Names of the Injstees for the chanty. Il any Itor examF4e. wy cuStyIan trtee$l Name Dates acted If not for vthole year
Soilion A Reloronce ènd adtniftislration dc.t3ils (iontinuod) inlgFmalMI Iiamt ol thxl •1 n¥nes d seri statt rn•mber5 £oilion 8 Slru(turi', 9ovefn3nie an d fn3n3 gc. ME nt Ouuytiorn ql tht thairfs ts¥sts Typt d pverniry docwne {eq dted, rwuli onsrtitutson (19 Iru54 c•rnparyl Com cio (ty appoirfed ty. inted b the board wlev•rt, aboul . pdkkns •MJ wM•d¥r athP•d forthE arHI ol .th thlthy's arry wid¢r nthwAk Wh wlmh th* th¥7ty workj. . Tr1•twlp t•th ary rql•l•d pall. . tlthlees" ol rnaipi wisbj and th• Iyii•m and IA
Section C Objectives and activities Sumrnaiy ol the obiecls ol Ihe charity sei out in 11$ 9overnlng do(urnefit ROMOrnN OF REUGIOUS FiARPAONY. .PROpTICl CF EQUry ATrlD DNERsifY FOR THE PUBLIC BENEFIr. -THE PRE¥ENTION OR REUEF OF POVERTY IN THE EUROPE MIOOLE EAST AND sour ASIA BY PROVIDING GFIANTS. ITEAIS AND SERVICES TO INDIMDUALS IN NEEDS ANDIOR CHARITIES. Surntnafy ol ihe maifi aclivities ftdorlakeq loi the public benelii in ielation 10 ihese obiecls {ificlude within Ihis 5¢Xtion the siaiutory declaraln thai iru5tees hab had fegard to the guan(e i55ued by the Chafity Cofftffti55wI plIK benefi ACTMTIES CCKUI )T BE LwfMNKEN BY THE CH4RITY fLIETO TrE PENDAPIIC TrAVEL RESThCTION IN THE UK HOWEVER THE CHARITh F14S 3FEP4 ABLE TO CCAIPIL£ DATA IDEiifiFYREAS. INDIWDiIALSND FMILIES FOR PRfMSC4 C ASSISTEPLE THRCrt 5I14LL PROJECTS FOR PUBLIC BENEFITS IN I UNE WtTr¢ LX4RSTY OBJECTWES MORE OVER (WIRTY IS ALSO WORK TO | PRODIKE DIGITALLY FOR INCRESSING ITS OUT REACHAAD RAISI FUNDS. THE TRUSTEES ARE DETERMINED TO GENERATE )llE MEANINGFVLLACTMTIES IN RESPECY OF GEWRATING F1I40SI4D SPENDING FOR PUBLIC BENEFIT LXJRINGTFE CIIRRENTYEAR IN THE LIGHr¢% CWITY c(1$sICI+GljOEINES. Addiliofial dtièls ol obie(INes and a(livilie5 loptwjnal into(matN)n) You chooit to ifi¢lude luither slalement5. wheie releyanl. aiMyJt: . poIY on gianlrnak#. ' pol¥ pro0mMe rela invesiwL- . cwtsiknjt nwdE by voluThleei5. Section D Achievements and peifoimance SummaFV ol Ihc achieKYneftis ol Ihe rhaF)ly ¢luring ihe yeai E QL4RITY BEENABLE TO OPERATE DUE TO PENDAMIC. , IKJWEVER THE ACHIVEMENT5 WILL BE REPORTEO INTTr¢E NT REPORT. TAR
Section E Financial review Bre1 stateFnent of tho tharity s policy on reserves Oelails of any funds materially in deficit Further financial review details (optional infomationl You may choose lo indude addrt50nal InfoatIon, where relevant, about. the ¢harrty s pnncipal sou[S ol funds linduding any fundraisingl". how eyndilure has supported the key objectives of the charty., inveslmenl wAicy and obje(*ives induding any ethical Invè5trnent policy adopted. Section F Other optional information Section G Declaration The trustees dèGlare that they have approved the trustees, report above Signed on half ol the charity's trustees S'gnaturelsl Full name(sl AR NAWAZ RAJA P051b"on leg SeClary, Chair. etcl CHAIR
GULL MAWAZ KHAN MEMORIAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021
1. STATUS AND ACTIVITIES
- 1.1 Gull Mawaz Khan Memorial foundation (the Chairty) is registered with Charity Commission for serving the residents of UK , Europe , Middle Eaast and South Asia. At present the chirty is not oprational owing of pendamic. How ever the chairty will be oprational and reported its activities in the next report,
1.2 The financial statements are presented in British Pounds, which is the chirty functional and presentation currency.
2. SIGNIFICANT ACCOUNTING POLICIES
2.1 Statement of compliance
These financial statements have been prepared in accordance with approved accounting standards as applicable in UK. Approved accounting standards comprise of International Financial Reporting Standards for Small and Medium Sized Entities issued by IASB International Accounting Standards Board as notified by Securities and Exchange Commission of United Kingdom.
Charity has adopted the International Financial reporting Standards for the first time.
2.2 Payables
Liabilities for payables are carried at cost which is the fair value of the consideration to be paid in future for goods and services received, whether billed to the charity or not.
2.3 Provisions
Provisions are recognised in the balance sheet when the Charity has a legal or constructive obligation as a result of past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made as to the amount of obligation. Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate.
2.4 Provision for taxation
Provision for current taxation is based on income taxable at current tax rates after taking into account tax rebates and tax credits available under the law.
2.5 Fixed assets
Fixed assets are stated at cost less accumulated depreciation and impairment in value, if any.
Depreciation is charged to income applying the reducing balance method at the rates specified in the fixed assets note.
Depreciation on additions during the year is charged from the month in which an asset is acquired or capitalised, while no depreciation is charged for the month in which the asset is disposed off. The assets' residual values and useful lives are reviewed at each financial year end and adjusted if impact on depreciation is significant.
Maintenance and normal repairs are charged to income as and when incurred. Major renewals and improvements are capitalised.
Gains and losses on disposal of fixed assets are included in current income.
2.6 Stores
These are valued at cost. Cost is determined using First In First Out method.
2.70 Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered in the normal course of business.
2.71 Donations in kind
Donations received in kind are accounted for at fair value.
Disclouser :
There are no financial transaction made by the Gull Mawaz Khan memorial foundation ( from 20-08-2019 to 31-12-2021 ) Owing to pendamic.
Gull Mawaz khan Memorial Foundation not held any asset or laibility for the current periored,