Charity number: 1185424
The Kamran Shabir Welfare Foundation Trustees' report and financial statements for the year ended 31 December 2024
The Kamran Shabir Welfare Foundation
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2 - 3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 9 |
The Kamran Shabir Welfare Foundation
Legal and administrative information
Charity number 1185424 Business address Greencoat House 4th Floor 261-271 Stratford Road Birmingham B11 1QS Registered office Greencoat House 4th Floor 261-271 Stratford Road Birmingham B11 1QS Trustees Mohammed Ibrar Shabir Sobia Shabir Mohammed Rizwan Shabir Accountants SF Chartered Certified Accountants Fairgate House 205 Kings Road Tyseley Birmingham B11 2AA
Page 1
The Kamran Shabir Welfare Foundation
Report of the trustees
for the year ended 31 December 2024
The trustees present their report and the financial statements for the year ended 31 December 2024. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
The charity is a Charitable Incorporated Organisation which was registered 20th September 2019.
The organisation was originally founded with three trustees.
Objectives and activities
The aims of the organisation is to relieve poverty for the public benefit, in particular but not limited to relieving orphans in the UK and abroad by providing grants to charities or other non-profit organisations or individuals identified by such means as the trustees may in their absolute discretion, determine.
Achievements and performance
During the year, the focus of the organisation has been to share information of the charity and its purpose in order to generate interest and further donations in the future.
The organisation has been able to sponsor a school in Pakistan who work with special needs children.
Financial review
During the year, the organisation generated £80,719 in donations and expensed £3,315
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. 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
Page 2
The Kamran Shabir Welfare Foundation
Report of the trustees for the year ended 31 December 2024
On behalf of the board
Mohammed Rizwan Shabir
Trustee
Page 3
The Kamran Shabir Welfare Foundation
Independent examiner's report to the trustees on the unaudited financial statements of The Kamran Shabir Welfare Foundation.
I report on the accounts of The Kamran Shabir Welfare Foundation for the year ended 31 December 2024 set out on pages 2 to 9.
Respective responsibilities of trustees and independent examiner
As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act), as amended by section 28 of the Charities Act 2006 does not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section 43(3)(a) of the Act, as amended; to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the Act, as amended; and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
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 statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(i) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep proper accounting records in accordance with section 41 of the Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...........................................................
Farah Saddique FCCA
Association of Chartered Certified Accountants Independent examiner Fairgate House 205 Kings Road Tyseley Birmingham B11 2AA
Page 4
The Kamran Shabir Welfare Foundation
Statement of financial activities
For the year ended 31 December 2024
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Voluntary income 2 80,719 Total incoming resources 80,719 Resources expended Charitable donations 2,755 Accountancy fees 120 Other office expenses 255 Donations - Bank charges 185 Total resources expended 3,315 Total funds brought forward 176,406 Total funds carried forward 253,810 |
2024 Total £ 80,719 80,719 2,755 120 255 185 3,315 176,406 253,810 |
2023 Total £ 86,578 |
|---|---|---|
| 86,578 | ||
| 1,495 240 - 197 |
||
| 1,932 | ||
| 91,760 | ||
| 176,406 |
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 7 to 9 form an integral part of these financial statements.
Page 5
The Kamran Shabir Welfare Foundation
Balance sheet
as at 31 December 2024
| Notes Fixed assets Intangible assets 4 Current assets Cash at bank and in hand Net current assets Net assets Funds 5 Unrestricted income funds Total funds |
2024 £ £ 1,000 252,810 252,810 252,810 253,810 253,810 253,810 |
2023 £ £ 1,000 175,406 175,406 175,406 176,406 176,406 176,406 |
2023 £ £ 1,000 175,406 175,406 175,406 176,406 176,406 176,406 |
|---|---|---|---|
| 176,406 | |||
| 176,406 | |||
| 176,406 |
The financial statements were approved by the trustees on and signed on its behalf by
Mohammed Rizwan Shabir Trustee
The notes on pages 7 to 9 form an integral part of these financial statements.
Page 6
The Kamran Shabir Welfare Foundation
Notes to financial statements for the year ended 31 December 2024
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 1993.
1.2. Cashflow
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
1.3. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
1.4. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
1.5. Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same year unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.
Page 7
The Kamran Shabir Welfare Foundation
Notes to financial statements for the year ended 31 December 2024
| 2. Voluntary income Unrestricted funds £ Donations 80,719 80,719 |
2024 Total £ 80,719 80,719 |
2023 Total £ 86,578 |
|---|---|---|
| 86,578 |
3. Employees
Employment costs
No salaries or wages have been paid to employees, including the trustees, during the year.
Number of employees
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
| 2024 Number Develop- 4. Intangible fixed assets ment costs £ Cost At 1 January 2024 and At 31 December 2024 1,000 Net book values At 31 December 2024 1,000 At 31 December 2023 1,000 5. Analysis of net assets between funds Unrestricted funds £ Fund balances at 31 December 2024 as represented by: Intangible fixed assets 1,000 Current assets 252,810 253,810 |
2023 Number |
|---|---|
| Total £ 1,000 |
|
| 1,000 | |
| 1,000 | |
| Total funds £ 1,000 252,810 253,810 |
Page 8
The Kamran Shabir Welfare Foundation
Notes to financial statements for the year ended 31 December 2024
| 6. | Unrestricted funds | At | At | ||||
|---|---|---|---|---|---|---|---|
| 01 | Jan 2021 | Incoming | Outgoing | 31 Dec 2021 | |||
| 2024 | resources | resources | 2024 | ||||
| £ | £ | £ | £ | ||||
| 176,406 | 80,719 | (3,315 | ) | 253,810 |
Page 9
The Kamran Shabir Welfare Foundation
The following pages do not form part of the statutory accounts.
The Kamran Shabir Welfare Foundation
Detailed statement of financial activities
For the year ended 31 December 2024
| Incoming resources Incoming resources from generating funds: Voluntary income Donations Total incoming resources from generating funds Total incoming resources Resources expended Costs of generating funds: Cost of generating voluntary income Donations Charitable donations Donations - Professional - Accountancy fees Donations - Office - Other Donations - Bank charges Total cost of generating voluntary income Fundraising trading: cost of goods sold and other costs Total costs of generating funds |
2024 £ £ 80,719 80,719 80,719 80,719 2,755 120 255 185 3,315 3,315 3,315 |
2023 £ £ 86,578 86,578 86,578 86,578 1,495 240 - 197 1,932 1,932 1,932 |
2023 £ £ 86,578 86,578 86,578 86,578 1,495 240 - 197 1,932 1,932 1,932 |
|---|---|---|---|
| 86,578 | |||
| 86,578 | |||
| 86,578 | |||
| 1,932 | |||
| 1,932 | |||
| 1,932 |
Page 11
The Kamran Shabir Welfare Foundation Detailed statement of financial activities For the year ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Charitable activities | ||
| Net incoming/(outgoing) resources for the year | 77,404 | 84,646 |
Page 12