Charlty reglstrallon numbgr 1189023 IEn9land and Wale$} SAAYA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
SAAYA LEGAL AND ADMINISTRATIVE INFORMATION Trustee¥ MrMSRana Mrs Saba Saqib Mrs SadiaAhmad Ms M Hussaln Charlty numbar (England and Wales 1189023 PrlnGlpal address 2 Crescent Parade Uxbridge Middlesex United Kingdom UBIOOLG Accountants MUS Accountan15 Llmlted 268 Bath Road, Rggus Offic8 146 Slough SL140X
SAAYA CONTENTS P4ge Trustees report A¢¢ountanls' rèport Slalemenl of financlo18Ctivities Balance sh99t NDlas lo the flnoncial 8lal8manls
SAAYA TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Th& Iruslees present their report and financial slalèmènlg for the period ended 31 December 2024. SAAYA was reglsl8red with charity commission on 14 Aprll 2020 as CIO - Foundation (Charitable Irbcorporat8d OrgÈnlsalionl. Th8 financial slalemenls have been prepared In accordanc8 with the accounling policies set out in note 1 to th& rinancial slal8menls and comply with the charity's Conslilulion of a charitable incorporal8d organis81ion whose only votlng members are ils charity Iruslee8, the Charities Act 2011 and 'Aceounling and Reporting by Charllles.. Stat@menl of Recommended Pracllc6 appllcable lo charities pr8paring their accounts In accordance wllh Ihe Financial Reporung Standard applicable in the UK and Republi¢ ol Ireland IFRS 1021. leffeclive 1 January 2Q1191. Objoctlvas and a¢tlvltles The charfty's objects are as follow8- Al Thè prevention or rellef of poverty in Pakislan, England and Wales by providing grants, Sl&ms and services lo Indlvlduals in need and lor charitiès, or other organlsalions Wofklng lo prevent or relièv$ poverty. 81 Tha r@11gf of financlal hardshlp among paople living or working In Pakislan, England and Wales by provldlng such persons with goodslservlces whl¢h Ihay could not otherwise afford through lack of means. Cl To promolo $tr¢181 Induslon foT th9 publlc benèfit by preventing people from b&coming soclally excluded and a$51sling Ihgm lo Inlègrale into so¢igly. For the purpose of thls caus8 "Socially Excluded means being excluded from socl6ty, or part of socigly, as a rasull of being a mgmber of a soclally and eGonomically deprlved comrnunlty. DI For the ptjbllc benèfit lo promote thg ¢duGallon Ilncludlng soclal and physSc81 Iralnlng} of p8ople undor the age of 25 years in Pakistan In such a way as the ¢harily trusteès think lil. including by.. 1. Awarding lo such person's scholarshlps, malnt8nance allowances or grants len8ble al any Unlv8rsity, College or Inslilullon of hlgher or further educallgn. 2. Provlding their gdu¢alion Ilncludlng the study of Muslc or other Arts), lo und9rtak8 travel in furtherancè of th91 adu¢8llon or lo prepare for gnlry lo any occupation, Iradg or profgsslon on18avlng any $ducalSonal eslabllshmenl. Th¢re has been no change In thes8 during the yèar. Tha trustees have pald dug ra9ard te guldane* l$su8d by tha Charity Commlssion Sn d8cidlng what a¢livilies the charity should undertako. Achlevements and performance Flnan¢lal review The charity maintains a stabl8 finanGSal PDslllon. During th8 p&rlod, 11 rgceived unreslricled voluntary donallons lolalling £24,970 12022.. £21.0361. Total payments of £14,321 12022.. £7,472 Iwere made In respect ol donation81 grants lo Charltable Institution ' No¥een Zindagi Welfare Trust (Reglslered no.. 102814V6801 in Pakistan. Total level of L¢nreslricled funds as al 31 December 2023 was £42,15712022'. £31.5081. It is the poli¢y of the charity that unreslriclgd lunds whlch have not btten detyignaled for a speclfic use should be maintained al a level aquivalenl lo between three and slx month's expgndilure. The Irusle@s consider that reserves al this level will Qnsure that, in the event ol a significant drop in funding, they will be able to continue the charItS ¢urrgnl activities while consideration Is givtsn to ways in whlch addllSonal funds may be raised. This l@vo1 of ms8rve$ has begn malnÈained Ihreughout the year. Thè trustees have assessed the major risks lo which the charity is exposed, and ar& salisfi8d that systems are in place lo miligale exposurg lo the major risks. Structure. governance and managgment The charity is a CIO Foundallon and is governed by ils ¢onslitulion of a Charitable Incorporated Organisatlon whose only voting members ar& ils charity Iruslees.
SAAYA TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Tha Irust@es who served durlng the year and up lo the dale of signature of th8 financial stslem8nls w&re'. MrMSRana Mrs Saba Saqib Mrs Sadla Ahmad Ms M Hussaln The fir81 charlly Irusle8s ar& appoSnled Indeflnllely (i.e. for life or until they relirel. Apart from the firs Irus18è8, èvery Irustsa must be appointed for a term of 2 years by a rgsolullon passed al 8 properly convened maeung of the charlly Irusleos. In sèlecting IndlvSdual for appolnlmgnt as charity Iruslees, Ihe charity trustee8 musl have regard la tha Skills, knowledge and expérience needed lor the effective Bdmlnlslralion of the CIO. Two Iruslees ara the flrsl trustees of the ¢harlly and ara appointèd indefiniloly li.a. for life or until they r¢llr81. Charity can appolnt maximum 7 Iru81ee8 al any Ilme In a¢cordance wlth Ils governing documents. The charity musl have minimum of 3 Iruslees al any tlme. None of th6 Irus1888 ha$ any benoficial Interest In Ihe charlty. All of the Irusle8s are memb8rs of tho ¢hgrily. Reference and admlnl8tratlv& delalls: Reglstèred Charlty numbèr 1189023 Prlnclpal addre8$ 2 Crescent Parad8 Uxbrldge, Middlp$¢x Unlled Klngdom UB10 OLG The Irusl8es report wa3 approved by th8 8oaid of Trust8es. Mrs Saba Saqlb Trustèè 31 OGlober 2025
SAAYA CHARTERED CERTIFIED ACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SAAYA FOR THE YEAR ENDED 31 DECEMBER 2024 In order lo assist you lo fulfil your dulles under the Charlties Act 2011, we hav8 pr8par@d for your approval the financial 8talom8nl8 of SAAYA for the year en<i¢d 31 December 2024, whlch ¢¢)mprise the stalemenl of financial a¢livilies and the related notes from the charity's accounting records and from information and explanallons you have given us. As a pracllslng m8mbèr firm of th8 Association of Chart8red Certified Accounlanls. we are sublecl Its ethlcal and othar prolegslonal requirements whlGh are delalled al htlps:lkn.accaglobal.¢omlgblenlm8mrI$tsn8rd$l[lgs- and-s¢andardslrulebook.hlml. Thls report is mad@ lo th8 charity's liuslees. as a body, in accordance with the 18rms of our engagement leller dated 8 October 2021. Our work has baen undertaken solely to Pfepare for your approval th8 financial slal8menls of SAAYA 8nd slal8 those mallars that we have agreed lo slate lo the charitls Iruslees. as a body, In this report In accordanc8 wllh th8 requiretnenls of the Association of Chartered C8rtlfled A¢¢ounlanls as detailed al hllp8:11 www.accaglDbal.com/¢onlenUdaMlACCA_GlobalechnlC0VfoCt8chnjcal-factShÈet-163.Pdf. To the fullest exlenl permllled by law, we do not accept or assume responsibility lo anyone other Ihan SAAYA and the charlvs Iruste¢s as a body, lor our work or for this report. It Is your duty to ensure Ihal SAAYA has kept adequate aceounllno records and lo prgpare slalulory financlal slalemenls that give a truè and fair view of Ihe 8ssals, Ilabililies, (inancial position gnd surplus ol SAAYA. You consider that SAAYA Is ax8mpl from the slalutory 8udil requlr¢m¢nl lor the year, and Is not iequlred to obtaln an indepondtrnt examinerf3 report. W8 havè not been instructed lo cairy out an audll or 8 review ot the flnanclal slalemen18 of SA4YA. For Ihls reason, we have not verified the accuracy or completeness of thg accounllng records or Inlormallon and èxplanations you have glvan lo us and we do not. Ihgreforo, 8xpre3s arly oplnSon on the slalulory flnanclal ststemenls. MUS Accountants Llmlt&d Chartered Certified Accounlanls 268 8alh Road, Regus Office 146 Slough SL14DX 31 October 2025
SAAYA STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unr¢$lrlcted funds 2024 Unrestrictod funds 2023 Notes Income from: DonalSons and18gacles 25,748 24,970 Total incomg 25,748 24,970 Exp•ndlturo on.. Charitable aGlivili¢s 23,692 14,319 Total oxpendlturo 23,892 14,319 Net Income and movgmont In fund8 2,056 10,651 Reconclllatlon of funds: Fund balances at 1 January 2024 42,159 31,508 Fund balancès at 31 December 2024 44,215 42,159 The sla16menl ol flnan¢lal actlvllles Includes all galns and losses recognlsed In the year. All Income and ¢xp8ndltur8 derivts from contlnuing acllvllles.
SAAYA BALANCE SHEET ASAT31 DECEMBER 2024 2024 2023 Notgs Currènt assets Cash al bank ancl In hand 44,215 42.159 Net current asset 44.215 42,159 Thè funds of th• charlty Unreslricled funés 44.21 S 42,159 44,215 42,159 The financlal slalemenls were approved by the Irusle8s on 31 October 2025 Mrs Saba Saqlb Trustat
SAAYA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting polÈelès Charlty Information SA4YA registered as a charity with charity commisslon on 14 April 2020 as CIO - Foundation (Charitable Incorporated Organisalionl havlng charity registration numbar.. 1189023. The reglslered offlce 1$ 2 Crescent Parade, Uxbridge, Middl898x, UB10 OLG. 1.1 Accountlng conv&ntlon The financial slalemenls have been prapared In accordanc8 with the charills Conslilulion of o charllable Incorporatad organisalion whose only vollng membèrs are Ils ch8rlty Irusleos. the Chariligs Act 2011, FRS 102 "The Financial Reporting Standard appllcable in the UK and Republic of Ir@IBnd' I'FRS 102,1 and the Ch8rifjes SQRP "Accounting and Reporting by Charities.. Stal8rnenl of Recommended Pracllce applicable to charitl8s preparing thelr accounts In accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffeclive 1 January 20191. The Charity is a Public Benefit Enlily as deflned by FRS 102. The charlly has taken advantage of the provlslons In the SORP for charlllés not lo prepare a Slalemenl gf Cash Flows. Thg flnancial $lal&mèn19 ara prepared In slerllng, whlch 18 Ihg functional currancy of the charfty. Monetary amounts In these financlal statements are roundod lo the n0arè$l £. Thg financlal slal8manls havo boèn preparad under the hl8lorleAI co81 convention. The prln¢lpal accounllng poll¢les adopted are 381 out below. 1.2 Golng concorn At the limo of approvlng the Ilngncial stalemenls, the Iruslees have a rgosonoblo axpaclalion that the charlly has adequole resources lo conlSnue In operallonal exlslence for the foresee8blg lulure. Thu8 the Iruslè88 continue lo adopt the golng concern basls of gG¢ounling in preparlng the flnancial stslemenls. 1.3 Charltable funds Unre51rioted funds are avallable for use al the discrellon of the Irus168s in furlheranc& of Ihglr oharllabls obj8clIv88. Reslrlclad funds ar8 subl8cl lo specific condlllons by donors or grantors as lo how Ih8y may be used. Th& purwses and uses of the reslrlclttd funds are sel out In the note8 to the flnanclal slalomgnts. Endowment funds are sublecl to speciflc condlllons by donors that the capital must be maintained by th& charity. 1.4 Incomg Income is recognis8d when Ihg charity i818gally enlilled io il after any performance condillons have be8n m81, the amounts can be measured reliably, and il Is probable that income will be rpceiv&d. Cash donalSons are recognlsed on recelpl. Other donallons are recognised once the charity has been notified of the dtsnalion, unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations rec8ived under Gift Aid or deeds of covenant Is recognised al the ts'me of tha donatlon. Legacie8 are recognised on receipt or otherwise if th8 charity has been notified of an impending distribution, tha amount is known, and receipt 18 6XPgQted. If th6 amount is not known, the legacy is treated as a conlingenl asset.
SAAYA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢counting poli¢l&s IContSnuedl 1.5 Expenditure Expendllure 59 recognised once there is a legal or conslructlve obllgalion lo transfer economlc benefll to a thlrd party, 11 Is probable that a transfer of economic benefits wlll bè raquirad in sattlamenL and the amount of Ihg obligation can be measured reliably. Expenditur6 is classified by activity. The costs of $ach activity are made up of the lolal of diracl costs and shared costs, Including sUPPOrt costs Involved in undertaklng each activity. Direct costs atlrlbulabl@ to 8 single activity ara Alloeatad directly to that aclivily. Shared costs which contribute lo more than one aGtivily and support costs which are not allribulabl& io a slngle actlvlty are apportioned betwe8ri thos8 aclivilies on a basis consistent with the usè ol resource8. Central staff costs are allocated on the basls of tlme spent, and depreciallon charg8s ar8 allocated on the portlon of th8 asset's use. 1.6 Cash and cash •qulva19nls Cash and cash equivalents Include cash In hand. deposlls held al call wllh banks, oiher short-term liquid investments with orlginal malurilies of thr88 months or less. and bank overdrafts. Bank overdrafts are shown within borrowings In curienl Ilabi11118s. Bas1¢ Ilnan¢lal assets Basic financlal assèis, whlch Include debtors and c95h and bank balances, are inlllally measured al Ir8ns8clion price Including Iransacllon ¢osis and are subsequonlly Garriad at amortlsed cost using the ¢ffoCtIvè Interest method unl8ss the èrrangemgnl conslilules a financlng Iran8oction, where the Irans8¢llon Is measured al the prasenl value of tho fulvra recelpls dl3counled al a market rats ol Inlaresl. Flnanclal ass$l$ lassified as recèivable wlth5n one year are not amort1sed. Basle Iln8nclal Ilabllltles Bayic fln8ncial Ilabllitl8s, Including creditors and bank loans are Initially recognised al IransactlDn pric8 unless tha arrangamant conslilultss a flnanclng Iransacllon, where the debt Snslrumenl is moasurèd 81 the present valuo of tha future payménts dlscounled al a market rale of Inleresl. Financial Ilabllllles classlfied as payable wllhln on8 year are not amortlsgd. Dabl Instruments are subsequ8nlly ¢arrled at amortlsed c051, using th& effecllve Snler851 rate melhDd. Trado credilorg arè obllgatlons lo pay for good5 or servic¢$ that have been acqulrad in th8 ordlnary course of operatlons from suppliers. Amounts payable are classified as current liabilities il payment is due wilhln one year or lass. If not, they are presented a8 non-currenl liabilities. Trade crgdSlors are recognised initially at Iransacuon prfco and subsequently measured al amortlsed cost u8ing Ihtr gffg¢tlva Interest method. Derecognition of fln4n¢lal Ilabllltles Financial liabilities orfy derecognlsed when the charlty'¥ contractual obligations 8xpire or are discharged or cancelled. 1.7 Employee beneflts The cost ol any unused holiday entlement is recognlsèd In the period in which th¢ employee's seNices arg rèceived. Termlnallon benefits are re¢tsgnl8ed Immadiately as an exp8nse when the charity is demonstrably ¢ornmllled lo lerminate the ernployrnent of an employeo or lo provide lermlnalion benefits.
SAAYA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Critical ac¢ounting èstlmatas and judgements In th8 application of the charfty's accountlng policies, the trustees ara r8qulred lo mak8 judgements, estlmal&8 and assumptions about the carrying amount of assets and liablli118s that are not readily apparent from other sources. The eslimales and assoclal¢d assumptions are bas8d on historic81 expari8n¢o and other factors that are considerèd lo be relevant. Actual results may differ from thes6 estlmalgs. Thé èsllmales and underlying assumptions are r8viewed on an ongoing basls. RevlsSons l? a¢¢ounling èsllmal&s arg récognised in the period In which the estimate is revised where tha revision affgcls only that poriDd, or In the period of the ravlsion and lulure periods where the revision affects bcjlh curranl and fulura perlods. In¢omo from donatlons and1gga¢lès Unre$trlcted funds 2024 Unre8tri¢t&d funds 2023 Don8llon3 and gllls 25,748 24,970 Charltsble actlvltl•8 Charltabl• Charltable Expendlturè Expendlturè 2024 2023 Grant fundlng ol acllvilies1$98 note 51 23,692 14,319 Grants payablg Charitable Charltabl8 Expènditure Expendlturo 2024 Grants lo inslilullon$'. Khud Mukhlar Relief Foundallon 23,692 14,319 Trust•OS None of the iruslees lor any persons connected with theml received any remunerab'on or benefits from the charity during the year. Taxatlon The charity is 8x8mpt from laxaliDn on Ils aclivS1ies because all its income is applied for charitable purposes.
SAAYA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Unr•strl¢tgd funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants whlch are not subject to SP8cific conditions by éonors and grantors as lo how they may be used. Thesé includo designated funds which hav8 b88n sg1 aside out of unrestricted funds by tha Iruslees for specific purp08è8. At l January 2024 Ineomlng R8sour¢es resources ¢xp¥ndgd At31 December 2024 Genaral funds 42,159 25,748 123,6921 44,21S Prevlous year: At 1 January 2023 In¢omlng Re8ource8 r8soure•s axnd¢d At31 December 2023 General funds 31,508 24,970 {14,3191 42,159 Rglat•d party transactSons There were no disclosabltr related party Iransactlons durfng Ihg yoar12023 - none).