FARANIS TRUST A Charltable Incorporated Organisation Registered Charity Number1189488 Trustees, Annual Report and Financial Statements For th8year ended29Apri12032 Faran15T¥ugt. Charltyll89488. Truslqes Annual Rèport & Flnanclal St&tsm8nts. Forthe yearended 29 Aprll 2022
l Legal and Administrative Information Charity name Faranis Trust Charlty registration number 1189488 Legal form Charitable Incorporated Organisation ICIOI, foundation model Date registered 14 May 2020 Governing document Constltutlon Icharity Commission foundation model, adopted on registration) Registered off ice Fleet House 8-12 New Bridge Street London EC4V 8AL Trustees Farhan Farani (Chairl, appointed14 May 2020 Umar KhanlTwsteel, appointed14 May 2020 Bankers None during the year (the charity's Lloyds Bank account was opened in the year ended 29 April 2023) Independent examiner Not required- gross income below £25,000 (see note 31 As 8 foundation model CIO, the charitys only voting men7bers are its charity trustees. 2 Structure. Governance and Management Governlng document. Faranis Trust is a Charitable Incorporated Organlsation (foundation model), registered wlth the Charity Comrnission for England and Wales on14 May 2020. It is governed by its constitution. As 8 foundation model CIO, Its only votlng members are Its charity trustees. FaranlsTrust. Charity1189488. TNsttrÈgknnu&l Report & Fln8nclal Statements. Forthe ye8r ended 29Aprll 2022
Charltable objects. The object of the CIO Is the prevention or relief of poverty anywhere in England by providing grants, items, supplies, or such other means, as the trustees determine, to indivlduals in need, or other organisations working to prevent or relieve poverty. Appolntment of trustees. Trustees are appointed in accordance with the charity's constitution. The trustees who served during the year are Ilsted in the Legal and Admlnlstrative Information above. Management. The charity has no employees. Its affairs are conducted bythe trustees on a voluntary basis. 3 Objectives, Activities and Review Objects and publlc beneflt. The charltvs object Is the prevention or rellef of poverty, as set out above. The trustees confirm that they have had regard to the Charity Commissions guidance on public benef it. Revlew of theyear. The charity remained dormant throughout the year. It received no Income, incurred no expenditure, and did not operate a bank account or hold any assets during the year. Financlal revlew. The Charity had no f inancial transactlons during the year ended 29 April 2022 and held no funds at the year end. Reserves. The charity held no reserves. A reserves policy will be adopted when the charity commences its activlties. Golng concern. The trustees have prepared the financial statements on a going concern basis. 4 Statement of Trustees. Responsibilities The trustees are responsible for preparing the Trustees, Annual Report and f Inanclal statements whlch give a proper record of the charitls recelpts and payments and of its assets and liablllties, in accordance with the Charities Act 2011. The trustees are F8r8nlB Trust. CrIty 1189488. TrUSteAnnual Report & Flnanclal Ststemonts. FortheyBerended 29 Apfll 2022
responsible for keeping proper accounting records and for taking reasonable steps to safeguard the assets of the charity. and signed on their behalf .. Signed: _--..-...-........- Position: Faranls Trust. Charftyll89488. Trustees Annual Report & FlnancS8l Staremtsnt8- For thtrygBrendgd 29Aprll 2022
Receipts and Payments Account For the year ended 29Apri12022 NOTE 2022 1 2021 £ RECEIPTS Donations and gifts Total receipts PAYMENTS Charitable and other payments Total payments NET MOVEMENT IN FUNDS Surplus I (def Icltl for the year Cash funds brought forward Cash funds earrled forward The notes on the followlng page form part of these financial statements. Far8nls Trust. ChèrlLy1189488.Tru$rggiAnnual Report & nnanc181Stgtgmgllts. For thq yearended 29 Aprll 2022
Statement of Assets and Liabilities As at29Apri12022 140T£ 2022 2021 e ASSETS Cash at bank Total assets FUNDS OFTHE CHARITY Unrestricted funds Total funds Approved bythe trustees on_ . and slgned on their behalf .. Signed.. .,-. Position: FJr8nl¥Trust. Charity1189488. Tru$teegAnnual Report & Flnanclal StatBmpnts. For th?y88rend8d 29Aprll 2022
Notes to the Financial Statements l No Income or expenditure The charitywas dormant during the year ended 29 April 2022. It received no income and incurred no expendlture. 2 Bank account. assets and Ilabllltles The charlty did not operate a bank account durlng the year and held no assets or liabilities. The charity's Lloyds Bank account was opened later, during the year ended 29 April 2023. 3 Independent examinatlon The charity's gross income was below £25,OQO, so independent examination is not required under section145 of the Charities Act 2011. The f inancial statements have been prepared and approved by the trustees. 4 Related party transactions There were no related party transactlons during the year ended 29 April 2022. No trustee received any remuneration or reimbursed expenses. 5 Comparatlve f Igures Comparatlve f igures are for the charity's f irst accountlng perlod, 14 May 2020 to 29 April 2021, during which the charity was also dormant. 6 Basls of preparatlon The f inancial statements have been prepared on the receipts and payments basls in accordance with the Charities Act 2011. As a CIO with gross income below £250,000, the charity is eligible to prepare receipts and payments accounts. No f ixed assets are held in the charitys name. Faranl8Trust. Chèrlty118g488. TruEte85 Annual REport & Flnanclal St8temenrs. Fartheyearended 29ApTiI 2022