NAEEM & HUMA FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REGISTERED CHARITY NO. 1186384 TAXEXPRESS UK LTD 18 BEEHIVE LANE ILFORD, ESSEX IG1 3RD
NAEEM & HUMA FOUNDATION CONTENTS Page No Income & Expenditure Account Balanc8 Sheet Note8 to the Financial Statements
NAEEM & HUMA FOUNDATION COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE DETAILS Reglstratlon Naeern & Huma Foundation is an unincorwrated Chartty regi818red under Charities Act 1993 (Regislralion Addr9$5 18 Beeches Crescent Chelmsford Essex CM1 2FU Independent Examlner8 Taxexpress UK Ltd 18 Beehive Lane liford, Essex IG13RD Board Of Trustees Dr Huma Habib Meerab Baig Abdul Rehman 8aig President Dr Mohammad Naeem Baig
NAEEM & HUMA FOUNDATION INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 unrestcted Unresbi¢ted fvnds 2023 Incomln Resources Donation received Total Incomlng Resour¢es 19,872 19,872 17,581 17,581 Resources Ex ended Charitable ex Support costs ages Vehicle Repair & Maintenance Travel Expenses Financial Aid To Families Financial Aid re.. Educational SupFKsrt Financial re.. Health 'd Financial Aid re.. Miscellaneous Aid Donation re. Nursery Project Donation re. Library Donation re. Filtration Plant Donation re. Graveyard Maintenance Donation re. Sand Crush Donation re. Loader Donation re. Road Maintenance 9nditure". 5,283 205 576 4.629 577 1.260 403 13 6,894 225 758 5,295 286 143 122 68 239 174 1.142 pps Staff Training & Wdfare Food Distribution Office Expenses Tdephone Gleaning expenses Equipment and Fixture & Fittings 22 132 423 28 110 297 75 15,892 121 19 91 14,431 Total R¢sourc¢s Expended 15.892 14.431 Net Incomlng Resources Total Funds Brought Forward Total Funds Carried Forward 3.980 5.294 9,274 3,160 2,144 5,294
NAEEM & HUMA FOUNDATION BALANCE SHEET AT 31 MARCH 2024 2024 2023 Notes FIXED ASSETS Tangible Assets 341 416 CURRENT ASSETS Debtors Cash at bank & in hand 8,933 8,933 4.878 4,878 CURRENT LIABILITIES Other creditors Net Current A58ets 8,933 4,878 Creditors: amounts falllng due after on¢ year Net Assets 9,274 5,294 CAPITAL AND RESERVE: AccumLJlated funds bm 5,294 2,144 Surplusl{Deficitl during the year 3,980 3,150 Balance CIFwd 9,274 5,294 Approvgd by the Committee: President: a-hi9 lo.q_ >rfL} Dat•:
NAEEM & HUMA FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES 1.18ASIS OF PREPARATION OF FINANcL STATEMENTS The financisl statemen1 have been prepared under the historical cost converrtion as modifi&J by the revaluation of certain fixed ass8ts. 1.2 TANGIBLE FIXED ASSETS AND DEPRECIATION Depreciallon Is provideil after tsking accounts of any grants receivable to write off the cost or valuation of fixed ass8is induding 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. Flxture$ & Fittings Equipment 180 18% RESPONSIBILITIES OF EXECUTIVE COMMirrEE The executlV6 committee is required to prepare finarrial slalements for each financial year, which gives a true and fair view of the chartvs state of affairs al the end of the year and income and expenditure for the year ended. In preparing those financial $18iemenls, the committee is required to sdect suitable accounb'ng wlici8S and then apply them on a consistent basis: making judgemonls and estimates that are prudent arKI reasonable. The committee musl also prepare the financial slalemenls on the going concem basis unless tt is inappropriate lo presume that the charity will continue in operations. The committee is responsible for keeping proper accounting records which disdose at any time the financial position of the chari and lo enable tt to ensure that the finanryal statements comply wth the charitls con51ilulM)nal and legal provlsion. They are dso resFX)nsitrAe for safeguarding the assets of the charity and for laktng reasonable steps for the prevention and delecb'on of fraud and other irregularities.
NAEEM & HUMA FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Flxed Assasts TANGIBLE ASSETS ui Total Cost At 31.03.2023 Addilior¢ Disposal AI 31.03.2D24 753 753 753 753 Depreciation: AI 31.03.2023 Charg8 for the year At 31.03.2024 337 75 412 337 75 412 Not book value at 31.03.2024 341 341 Not book valuo at 31.03.2023 416 416