| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 8 |
| Report ofthe Independent Auditors |
9 to | 10 | |
| Statement of Financial Activities | |||
| Balance Sheet | 12 | ||
| Cash Flow Statement | 13 | ||
| Notes to the Cash Flow Statement | 14 | ||
| Notes to the Financial Statements | 15 to | 20 | |
| Detailed Statement of Financial Activities | 21 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| un s | un | |||||
| Notes | F | |||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
2 | 1,031,379 | 1,031,379 | 1,352,362 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Balqees Welfare Pakistan Just Giving |
471,252 | 471,252 | 1,525,050 4,000 |
|||
| Other | 5,352 | 5,352 | 1,500 | |||
| Total | 476,604 | 476,604 | 1,530,550 | |||
| NET INCOME/(EXPENDITURE) | 554,775 | 554,775 | (178,188) | |||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
2,115,089 | 2,115,089 | 2,293,277 | |||
| TOTAL FUNDS CARRIED FORWARD | 2,669,864 | 2,669,864 | 2,115,089 |
| 31 De | cember 2022 | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Notes | |||||
| CURRENT ASSETS | |||||
| Cash at bank | 2,678,239 | 2,678,239 | 2,123,489 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
10 | (8,375) | (8,375) | (8,400) | |
| NET CURRENT ASSETS | 2,669,864 | 2,669,864 | 2,115,089 | ||
| TOTAL ASSETS LESSCURRENT | |||||
| LIABILITIES | 2,669,864 | 2,669,864 | 2,115,089 | ||
| NET ASSETS | 2,669,864 | 2,669,864 | 2,115,089 | ||
| FUNDS | |||||
| Unrestricted funds |
2,669„864 | 2,115,089 | |||
| TOTAL FUNDS | 2,669,864 | 2,115,089 |
| for the | Year Ended 31 | December 2022 | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Notes | E | |||||
| Cash flows from | operating | activities | ||||
| Cash generated | from operations | 1 | 554,750 | (176,688) | ||
| Net cash provided | by/(used | in) operating | activities | 554,750 | (176,688) | |
| Change in cash |
and cash | equivalents | ||||
| in the reporting | period | 554,750 | (176,688) | |||
| Cash and cash | equivalents | at the | ||||
| beginning ofthe |
reporting | period | 2,123,489 | 2,300,177 | ||
| Cash and cash | equivalents | at the end | ||||
| ofthe reporting | period | 2,678,239 | 2,123,489 |
| ACTIVITIES | |||
|---|---|---|---|
| 2022 | 2021 | ||
| F | |||
| Net income/(expenditure) for the reporting Statement of Financial Activities) Adjustments for: |
period (as per the | 554,775 | (178,188) |
| (Decrease)/increase in creditors |
(25) | 1,500 | |
| Net cash provided by/(used in) operations |
554,750 | (176,688) |
| At 1.1.22 | Cash flow | At 31.12.22 | |
|---|---|---|---|
| F | |||
| Net cash | |||
| Cash at bank | 2,123,489 | 554,750 | 2,678,239 |
| 2,123,489 | 554,750 | 2,678,239 | |
| Total | 2,123,489 | 554,750 | 2,678,239 |
| GRANTS PAYABLE | ||
|---|---|---|
| 2022 | 2021 | |
| F | ||
| Balqees Welfare Pakistan | 471,252 | 1,525,000 |
| Just Giving | 4,000 | |
| 471,252 | 1,529,000 |
| Governance | ||||
|---|---|---|---|---|
| costs | ||||
| F | ||||
| Other resources expended | 5,352 | |||
| NET INCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||
| 2022 | 2021 | |||
| f | ||||
| Auditors' | remuneration | 3,000 | 1,000 |
| for the Year Ended 31 Decem | for the Year Ended 31 Decem | for the Year Ended 31 Decem | for the Year Ended 31 Decem | ber 2022 | |||||
|---|---|---|---|---|---|---|---|---|---|
| 9. | COMPARATIVES FOR | THE STATEMENT OF FINANCIAL | ACTIVITIES | ||||||
| Unrestricted | Restricted | Total | |||||||
| funds | fund | funds | |||||||
| F | |||||||||
| INCOME AND ENDOWMENTS | FROM | ||||||||
| Donations and legacies |
1,352,362 | 1,352,362 | |||||||
| EXPENDITURE ON | |||||||||
| Charitable activities |
|||||||||
| Balqees Welfare Pakistan Just Giving |
1,525,050 4,000 |
1,525,050 4,000 |
|||||||
| Other | 1,500 | 1,500 | |||||||
| Total | 1,530,550 | 1,530,550 | |||||||
| NET INCOME/(EXPENDITURE) | (178,188) | (178,188) | |||||||
| RECONCILIATION | OF | FUNDS | |||||||
| Total funds brought | forward | 2,293,277 | 2,293,277 | ||||||
| TOTAL FUNDS CARRIED | FORWARD | 2,115,089 | 2,115,089 | ||||||
| 10. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||||
| 2022 | 2021 | ||||||||
| E | |||||||||
| Accrued expenses | 8,375 | 8,400 | |||||||
| 11. | MOVEMENT IN FUNDS |
||||||||
| Net | |||||||||
| movement | At | ||||||||
| At 1.1.22 | in funds | 31.12.22 | |||||||
| E | |||||||||
| Unrestricted funds |
|||||||||
| General fund | 2,115,089 | 554,775 | 2,669,864 | ||||||
| TOTAL FUNDS | 2,115,089 | 554,775 | 2,669,864 | ||||||
| Net movement in funds, |
included | in the above are | as follows: | ||||||
| Incoming | Resources | Movement | |||||||
| resources | expended | in funds | |||||||
| Unrestricted funds |
|||||||||
| General fund | 1,031,379 | (476,604) | 554,775 | ||||||
| TOTAL FUNDS | 1,031,379 | (476,604) | 554,775 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.1.21 | in funds | 31.12.21 | |||
| Unrestricted | funds | ||||
| General | fund | 2,293,277 | (178,188) | 2,115,089 | |
| TOTAL | FUNDS | 2,293,277 | (178,188) | 2,115,089 |
| Comparative | net movement in funds, in |
cluded in the above are as follow |
s: | |
|---|---|---|---|---|
| Incoming | Resources | Movement | ||
| resources | expended | in funds f |
||
| Unrestricted | funds | |||
| General fund | 1,352,362 | (1,530,550) | (178,188) | |
| TOTAL FUNDS | 1,352,362 | (1,530,550) | (178,188) |
| A current yea | r 12 months and prior year |
12 months combined position is |
as follows: | |
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1.1.21 | in funds | 31.12.22 | ||
| F | ||||
| Unrestricted | funds | |||
| General fund | 2,293,277 | 376,587 | 2,669,864 | |
| TOTAL FUNDS | 2,293,277 | 376,587 | 2,669,864 |
| A current yea above are as |
r 12 months and prior yea follows: |
r 12 months combined net move |
ment in funds, |
included in |
|---|---|---|---|---|
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| E | F | |||
| Unrestricted | funds | |||
| General fund | 2,383,741 | (2,007,154) | 376,587 | |
| TOTAL FUNDS | 2,383,741 | (2,007,154) | 376,587 |
| Detailed Statement o for the Year Ended |
f Financial Activities 31 December 2022 |
|
|---|---|---|
| 2022 | 2021 | |
| Donations and legacies |
||
| Donations | 1,031,379 | 1,352,362 |
| Total incoming resources |
1,031,379 | 1,352,362 |
| EXPENDITURE | ||
| Charitable activities |
||
| Grants to institutions | 471,252 | 1,529,000 |
| Support costs | ||
| Finance | ||
| Bank charges | 50 | |
| Governance costs | ||
| Auditors' remuneration Accountancy and legal fees |
3,000 2,352 |
1,000 500 |
| 5,352 | 1,500 | |
| Total resources expended | 476,604 | 1,530,550 |
| Net income/(expenditure) | 554,775 | (178,188) |