**REGISTERED COMPANY NUMBER: CE019254 (England and Wales) REGISTERED CHARITY NUMBER: 1185897**
## **ZOUQ FOUNDATION**
## **TRUSTEES' REPORT AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
Xeinadin Ground Floor Citygate Longridge Road Preston PR2 5BQ
**ZOUQ FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Trustees' Report**|2|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Statement of Financial Position**||6||
|**Statement of Cash Flows**||7||
|**Notes to the Statement of Cash Flows**||8||
|**Notes to the Financial Statements**|9|to|12|
**ZOUQ FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 OCTOBER 2024**
|**Trustees**|Dr Nadia Zouq|
|---|---|
||Dr Rehana Zouq|
||Mr Mohammed Azhar Zouq|
|**Registered office**|Zouq Foundation C/O Pakeeza Dairies|
||Kingsway West Business Park|
||Moss Bridge Road|
||Rochdale|
||Greater Manchester|
||OL16 5LX|
|**Registered company number**|CE019254 (England and Wales)|
|**Registered charity number**|1185897|
|**Independent examiner**|Xeinadin|
||Ground Floor|
||Citygate|
||Longridge Road|
||Preston|
||PR2 5BQ|
Page 1
**ZOUQ FOUNDATION TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 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 31 October 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).
## **Objectives and activities**
## **Objectives and aims**
The advancement of education, training and the prevention or relief of poverty, particularly by providing grants to support people suffering hardship, with the object of improving their conditions of life.
## **Achievement and performance**
The period up to 31 October 2024 completed our fifth year, and during that time we worked with other registered charities and organisations to successfully deliver a number of projects:
1. We funded National Zakat Foundation to support vulnerable families in the UK who struggled to afford basic living expenses such as food, clothing and housing-related costs.
2, We funded Ansar Finance to support struggling individuals and families in the UK who were under financial stress.
3. We funded Helping Households Under Great Stress to support UK families, particularly those from marginalised communities, by providing them with vouchers for food, utilities and access to counselling.
4. We funded Muslim Student House to provide a wide range of educational and social activities to children and adults in Manchester, UK.
5. We funded Imran Khan Cancer Appeal to support their efforts providing free cancer treatment to patients with limited means in Pakistan.
6. We funded Action For Humanity to perform hearing and vision tests on school children in Pakistan, providing treatment and follow-up care where necessary.
7. We funded Action For Humanity in Yemen to rehabilitate a school building, increasing access to education and improving learning outcomes. We also provided a grant to support small-scale fishermen and fisherwomen so that they could upgrade their equipment and secure more income.
8. We funded Action For Humanity in Syria to provide prosthetic limbs to ten children facing economic hardship and who had either upper or lower limb amputations. This enabled them to more fully participate in their community and attend school more easily.
9. We funded Al-Khair Foundation to provide disadvantaged families with newly constructed houses in Myanmar and Pakistan so that they could have a stable place of residence with improved living conditions. We also supported 100 women with training and materials so that they could generate income and support themselves and their dependents.
10. We funded Al-Khair Foundation to build tubewells in Bangladesh, improving access to clean water. We also funded the distribution of roller drums to women in Kenya so that they could more easily transport water instead of carrying a heavy container.
11. We funded Human Aid and Advocacy to provide beneficiaries in Afghanistan with training and materials such as sewing machines and motorised tricycles, supporting their efforts to generate a sustainable income for their families.
12. We funded Muslim Hands to construct a healthcare unit in rural Pakistan, giving local families easier access to basic health facilities and improving outcomes.
13. We funded Muslim Hands to provide beneficiaries in rural Mali with access to clean water, a milling machine and livestock, creating five new businesses to enable beneficiaries to generate a sustainable income. We also funded the construction of a shared community building in addition to offering free cataract treatment and aftercare where most needed.
14. We funded One Nation to deliver a number of livelihood projects supporting the efforts of disadvantaged families to generate a sustainable income in Pakistan and India.
15. We funded One Nation to provide cataract surgery to beneficiaries in Malawi who could not afford care, enabling them to more fully participate in their community. We also funded the construction of shelters in Bangladesh so that beneficiaries could have a stable place of residence with improved living conditions.
Page 2
**ZOUQ FOUNDATION**
**TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024**
## **Financial review**
## **Reserves policy**
The financial position is regularly reviewed by the trustees to ensure effective financial governance. This includes monitoring of the cash and bank balances by the trustees.The trustees are confident the organisation will continue to be able to meet with its obligations as they fall due.
## **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.
Approved by order of the board of trustees on 16 June 2025 and signed on its behalf by:
Dr Nadia Zouq - Trustee
Page 3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ZOUQ FOUNDATION (REGISTERED NUMBER: CE019254)**
## **Independent examiner's report to the trustees of Zouq Foundation ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Farook Patel FCA
Xeinadin Ground Floor Citygate Longridge Road Preston PR2 5BQ
17 June 2025
Page 4
**ZOUQ FOUNDATION**
**STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024**
**----- Start of picture text -----**
2024 2023
Unrestricted Total
fund funds
Notes £ £
Income and endowments from
Donations and legacies 2 616,500 400,000
Expenditure on
Charitable activities 3
Charitable donations 432,095 382,045
Support costs 930 1,670
Total 433,025 383,715
NET INCOME 183,475 16,285
Reconciliation of funds
Total funds brought forward 426,337 410,052
Total funds carried forward 609,812 426,337
**----- End of picture text -----**
The notes form part of these financial statements
Page 5
**ZOUQ FOUNDATION**
**STATEMENT OF FINANCIAL POSITION 31 OCTOBER 2024**
**----- Start of picture text -----**
2024 2023
Unrestricted Total
fund funds
Notes £ £
Current assets
Cash at bank 610,742 427,267
Creditors
Amounts falling due within one year 8 (930) (930)
Net current assets 609,812 426,337
Total assets less current liabilities 609,812 426,337
NET ASSETS 609,812 426,337
Funds 9
Unrestricted funds 609,812 426,337
Total funds 609,812 426,337
**----- End of picture text -----**
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 16 June 2025 and were signed on its behalf by:
Dr Nadia Zouq - Trustee
The notes form part of these financial statements
Page 6
**ZOUQ FOUNDATION**
**STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2024**
**----- Start of picture text -----**
2024 2023
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 183,475 16,315
Net cash provided by operating activities 183,475 16,315
Change in cash and cash equivalents in
the reporting period 183,475 16,315
Cash and cash equivalents at the
beginning of the reporting period 427,267 410,952
Cash and cash equivalents at the end of
the reporting period 610,742 427,267
**----- End of picture text -----**
The notes form part of these financial statements
Page 7
**ZOUQ FOUNDATION**
**NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2024**
**----- Start of picture text -----**
1. Reconciliation of net income to net cash flow from operating activities
2024 2023
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 183,475 16,285
Adjustments for:
Increase in creditors - 30
Net cash provided by operations 183,475 16,315
2. Analysis of changes in net funds
At 1.11.23 Cash flow At 31.10.24
£ £ £
Net cash
Cash at bank 427,267 183,475 610,742
427,267 183,475 610,742
Total 427,267 183,475 610,742
**----- End of picture text -----**
The notes form part of these financial statements
Page 8
**ZOUQ FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 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.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **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.
## **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.
## **Going concern**
Trustees consider that the charity has sufficient resources and there are no material uncertainties about the charity's ability to continue. Accordingly, trustees continue to adopt the going concern basis in preparing the financial statements.
## **2. Donations and legacies**
## **3.**
|Donations
**Charitable activities costs**
Charitable donations
Support costs|**2024**
**£**
616,500
**Support**
**Direct**
**costs (see**
**Costs**
**note 4)**
**£**
**£**
432,095
-
-
930
432,095
930|**2023**
**£**
400,000
**Totals**
**£**
432,095
930
433,025|
|---|---|---|
Page 9
continued...
**ZOUQ FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024**
## **4. Support costs**
**----- Start of picture text -----**
|||
|---|---|
|Governance|
|costs|
|£|
|Support costs|930|
**----- End of picture text -----**
## **5. Trustees' remuneration and benefits**
There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023.
## **6. Staff costs**
There were no staff costs for the year ended 31 October 2024.
No employees received emoluments in excess of £60,000.
## **7. Comparatives for the statement of financial activities**
**----- Start of picture text -----**
|||
|---|---|
|Unrestricted|
|fund|
|£|
|Income and endowments from|
|Donations and legacies|400,000|
|Expenditure on|
|Charitable activities|
|Charitable donations|382,045|
|Support costs|1,670|
|Total|383,715|
|NET INCOME|16,285|
|Reconciliation of funds|
|Total funds brought forward|410,052|
|Total funds carried forward|426,337|
**----- End of picture text -----**
Page 10
continued...
**ZOUQ FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024**
## **8. Creditors: amounts falling due within one year**
|**8.**
**Creditors: amounts falling due within one year**|||
|---|---|---|
|Accruals and deferred income|**2024**
**£**
930|**2023**
**£**
930|
|**9.**
**Movement in funds**
**Unrestricted funds**
General fund|**Net**
**At**
**movement**
**1.11.23**
**in funds**
**£**
**£**
426,337
183,475|**At**
**31.10.24**
**£**
609,812|
|**TOTAL FUNDS**|426,337
183,475|609,812|
|Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund|**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**
616,500
(433,025)|**Movement**
**in funds**
**£**
183,475|
|**TOTAL FUNDS**|616,500
(433,025)|183,475|
|**Comparatives for movement in funds**
**Unrestricted funds**
General fund|**Net**
**At**
**movement**
**1.11.22**
**in funds**
**£**
**£**
410,052
16,285|**At**
**31.10.23**
**£**
426,337|
|**TOTAL FUNDS**|410,052
16,285|426,337|
|Comparative net movement in funds, included in the above are as follows:
**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**
**Unrestricted funds**
General fund
400,000
(383,715)||**Movement**
**in funds**
**£**
16,285|
|**TOTAL FUNDS**|400,000
(383,715)|16,285|
Page 11
continued...
**ZOUQ FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024**
## **10. Related party disclosures**
There were no related party transactions for the year ended 31 October 2024.
Page 12