## **NAEEM & HUMA FOUNDATION**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **REGISTERED CHARITY NO. 1186384**
**TAXEXPRESS UK LTD 18 BEEHIVE LANE ILFORD, ESSEX IG1 3RD**
## **NAEEM & HUMA FOUNDATION**
## **CONTENTS**
||**Page No**|
|---|---|
|**Income & Expenditure Account**|**1**|
|**Balance Sheet**|**2**|
|**Notes to the Financial Statements**|**3 - 4**|
## **NAEEM & HUMA FOUNDATION COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE DETAILS**
|**Registration**|Naeem & Huma Foundation is an|
|---|---|
||unincorporated Charity registered under Charities Act 1993|
||(Registration|
|**Address**|18 Beeches Crescent|
||Chelmsford|
||Essex|
||CM1 2FU|
|**Independent**|Taxexpress UK Ltd|
|**Examiners**|18 Beehive Lane|
||Ilford, Essex|
||IG1 3RD|
|**Board Of Trustees**|Dr Huma Habib|
||Meerab Baig|
||Abdul Rehman Baig|
|**President**|Dr Mohammad Naeem Baig|
## **NAEEM & HUMA FOUNDATION INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2021**
|**Incoming Resources**
Donation received
**Total Incoming Resources**
**Resources Expended**
**Charitable expenditure:**
**_Support costs_**
Wages
Vehicle Repair & Maintenance
Travel Expenses
Financial Aid To Families
Financial Aid re: Educational Support
Financial Aid re:Special Children Support
Financial Aid re: Sports Aid
Financial Aid re: Health Aid
Financial Aid re: Miscellaneous Aid
Donation re. Filtration Plant
Donation re. Agriculture
Donation re. Graveyard Maintenance
Donation re. Road Maintenance
Donation re. Sewing Machines
Donations PPE re. Covid - 19
Food Distribution
Office Expenses
Small Tools
Telephone
**Depreciation**
Equipment and Fixture & Fittings
**Total Resources Expended**
**Net Incoming Resources**
**Total Funds Brought Forward**
**Total Funds Carried Forward**|**2021**
Unrestricted
funds
**£**
17,906
**17,906**
4,413
632
359
2,447
468
45
223
9
194
2,257
322
48
292
952
399
593
81
254
95
135
**14,219**
**14,219**
**3,687**
**-**
**3,687**|
|---|---|
**1**
## **NAEEM & HUMA FOUNDATION BALANCE SHEET AT 31 MARCH 2021**
**----- Start of picture text -----**
2021
Notes £
FIXED ASSETS
Tangible Assets 3 617
CURRENT ASSETS
Debtors 4 -
Cash at bank & in hand 3,070
3,070
CURRENT LIABILITIES
Other creditors 5 -
Net Current Assets 3,070
-
Creditors: amounts falling due after one year
Net Assets 3,687
CAPITAL AND RESERVE:
Accumulated funds b/f -
Surplus/(Deficit) during the year 3,687
Balance C/Fwd 3,687
Approved by the Committee:
President: ………………………………
Date:
**----- End of picture text -----**
**2**
**NAEEM & HUMA FOUNDATION NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2021**
## **1 ACCOUNTING POLICIES**
## **1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS**
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
## **1.2 TANGIBLE FIXED ASSETS AND DEPRECIATION**
Depreciation is provided after taking accounts of any grants receivable to write off the cost or valuation of fixed assets including assets subject to hire purchase contracts over their expected useful lives on the followings annuals rates on cost in the first year and on written down values thereafter.
Fixtures & Fittings 18% Equipment 18%
## **2 RESPONSIBILITIES OF EXECUTIVE COMMITTEE**
The executive committee is required to prepare financial statements for each financial year, which gives a true and fair view of the charity's state of affairs at the end of the year and income and expenditure for the year ended. In preparing those financial statements, the committee is required to select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable. The committee must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operations. The committee is responsible for keeping proper accounting records which disclose at any time the financial position of the charity and to enable it to ensure that the financial statements comply with the charity's constitutional and legal provision. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
**3**
## **NAEEM & HUMA FOUNDATION NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2021**
## **3 Fixed Assests**
## **TANGIBLE ASSETS**
|**Cost**
At 15.11.2019
Addition
Disposal
At 31.03.2021
**Depreciation:**
At 15.11.2019
Charge for the year
At 31.03.2021
**Net book value at 31.03.2021**
**Net book value at 15.11.2019**||**Equipment**
**£**
753
-
753
135
135
**617**
**-**|**£**|**Total**|
|---|---|---|---|---|
|||||-
793
-
793
-
143
143
**617**
**-**|
**4**