NAEEM & HUMA FOUNDATION
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
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 YEAR ENDED 31 MARCH 2022
| 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. School Project Donation re. Nursery Project Donation re. Qabrastan Project Donation re. Library Donation re. Filtration Plant Donation re. Agriculture Donation re. Graveyard Maintenance Donation re. Road Maintenance Donation re. Sewing Machines Donations PPE re. Covid - 19 PPS Staff Training & Welfare IT expense Food Distribution Office Expenses Small Tools Light & Heat Telephone Cleaning expenses Depreciation Equipment and Fixture & Fittings Total Resources Expended Net Incoming Resources Total Funds Brought Forward Total Funds Carried Forward |
2022 Unrestricted funds £ 23,757 23,757 7,017 764 596 4,563 567 - 301 - 361 594 1,812 5,583 464 23 - 128 1,292 - - 21 146 4 405 9 57 111 132 237 111 25,301 25,301 1,543 - 3,687 2,144 |
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 2022
| Notes FIXED ASSETS Tangible Assets 3 CURRENT ASSETS Cash at bank & in hand CURRENT LIABILITIES Other creditors 5 Net Current Assets Creditors: amounts falling due after one year Net Assets CAPITAL AND RESERVE: Accumulated funds b/f Surplus/(Deficit) during the year Balance C/Fwd |
2022 £ 507 1,637 1,637 - 1,637 - 2,144 3,687 (1,543) 2,144 |
2021 £ 617 3,070 3,070 3,070 - 3,687 3,687 3,687 |
|---|---|---|
Approved by the Committee:
President: ………………………………
Date: 11/06/2022
2
NAEEM & HUMA FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
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 YEAR ENDED 31 MARCH 2022
3 Fixed Assests
TANGIBLE ASSETS
| Cost At 31.03.2021 Addition Disposal At 31.03.2022 Depreciation: At 31.03.2021 Charge for the year At 31.03.2022 Net book value at 31.03.2022 Net book value at 31.03.2021 |
Equipment £ 753 - 753 135 111 246 507 618 |
£ | Total | |
|---|---|---|---|---|
| 753 - - 753 135 111 246 507 - |
4