FARANIS TRLIST- REGISTERED CHARITY IJ89488 YEAR EPIDED 29 APRIL 2023 CHARITABLE INCORPORATED ORGANISATION Faranis Trust Registered Charity Trlumber 1189488 Trustees, Annual Report and Financial Statements For the year ended 29 April 2023 ASIS OF PREPARATION REGISTERED OFFICE Receipts and payments 2nd Floor, Farani Taylor, Mermald House. 2 Puddlè Dock, London Tntee$'An0V¥I Reportandfl•anclal Ststements
FARAt41s TRUST. AEGISTER£D CHARITY 1189488 YEAR ENDED 29 APRIL 2023 01 Legal and Administrative Inforniation Charlty name Farani5 Trust Charity iegistration number 1189488 Legal form Charitable Incorporated Organisation (CIO), foundation model Date regÈsiefed 14 May 2020 Governingdocument Constitution (Charity Commissiou foundation model, adopted on registratiorL) Registered office 2nd Floor, Farani Taylor. Mermaid House. 2 Puddle Dock, I&)ndon Trustees Farhan Farani Ichairl, appointed 14 May 2020 Umar Khan (Trustee), appointed 14 May 2020 Bankers Lloyds Bank plc, sort code 30-62-60, account 39146968 Independentexaminer Not required- gr08s incolne below £25,000 (see note 6} As8 foundation model CIO, the charity'sonly votiJ¥JY2embetTareits ch8rity trustees. 02 Structure, Governance and Management Governing document. Faranis Trust is a Charitable Incorporated Organisation (foundation model>, registered with the Charity CommÈssion for England and Wales on 14 May 2020. It is governed by its constitutlon. As a foundation model CIO, its only voting members are its charity trustees. Charltable objects. The object of the CIO 1$ the preventlort or relief of povety anywhere in England by providing grants, Ltems, supplies, or such other means, as the trustees determine, to individuals in need, or other organisations worktng to prevent or relieve poverty. Appolntment of trustees. Trustees are appointed in accordance with the charitys constitution. New trustees receive an induction covering the charity's objects, its constitution and their duties as charity trustees. Management. The charÈty has no employees. Its work is carried out by the trustees on & voluntary basis. The trustees who served during the year are listed in the Legal and Administrative Information above. Trust£e5'Annual RepQrtandFlnancialStatents
FARANIS TRUST. REGISTERED CHARITY 1189488 YEAR ENDED 29 APRIL 2023 Risk management. The trustees have considered the principal risks to which the charity is exposed. During the period the charitys activity was limited to matntaining its arrangements, and the principal ri8k8 addressed were ensuring sound financial control and timely regulatory complipAnce, for which the trustees have put appropriate arrangements in place. 03 Objectives and Activities Objects and public benefit. The chgrity's object is the prevention or relief of poverty, as set out above. The trustees confirm that they have had regard to the Charity Commission's guidance on public benefit. During the year the charity was preparing to deliver public benefit through its planned charitable activities. REVIEW OF THE VEAR The CIO was in its earlyj pre-operational phase during the year. The trustees maintalned the eharity's governing arrangements and operated its bank account, which was opened during the year. No income ot expenditure was recorded during the year, and no charitable programmes were carried out. 04 Financial Review The results for the year are set out in the financial statements on the following pages. Reserves policy. The trustees consider the funds held at the year end to be appropriate for the charity's actlvities at this stage of its development. A formal reserves policy will be adopted as the charity's programmes commence. Going concern. The trustees are satisfied that the Charity can meet it5 liabilities as they fall due and have prepared the financial statements on a going concern basis. 05 Plans for Future Periods The trustees intend to commence the charitys operational programme- the funding of a school and related welfare activities in Pakistan - which began after the year end in July 2025. The trustees intend that all charitable funds will be received into and paid from the charity'5 own bank account, and that monitoring and reporting arrangements will be developed as activity grows. TTustÈes'AnnualRepDrtand Fl¢anclal Ststemfrnts
FARANIS TRUST- REGISTERED CHARITY kl89488 YEAR ENDEO 29 APRIL 2023 06 Statement of Trustees, Responsibilities The trnstees are responsible for preparing the Trusteeg Annual Report artd financial statements which give a proper record of the charity's receipts and payments and of its assets and liabilities, in accordance with the Charities Act 2011. In preparing these financial statements the trustees have selected suitable accounting policies and applied them consistently, and have prepared the accounts on a going concern basis. The trustees are responsible for keeping proper accounting records and for taking reasonable steps to safeguard the assets of the charity. APPAOVAI Approved bythe trustees on and signed on their behalf: Signed Name Posillon rfrusteel Yte&.AnnUal ReportandFlnanckil 5tsterneDts
FARANIS TRUST. REGISTERED CHARITY 1189488 YEAII ENDELI 29 APRIL 2023 FINANCIAL STATEMENTS Receipts and Payments Account For the year ended 29 April 2023 NOTE 2023 f 2022 £ REC£IPTS Donations and gifts 0.00 Total receipts PAYMENTS Bank charges 0.00 Total payments 0.00 Ntr MOVEMENT IN FUNDS Surplus l {deficit) for the year Cash funds brought ft)rward 0.00 Cash funds carried fonvard 0.00 The Aoteson the folloFvingpagesfornipartofthese fiJ3anciaJsratements. Tiustees'AnnuèlReport8nd Flnanclal 5t4tsments
FARAMIS TRUST. REGISTERED CHARITY 1189488 YEAR ENDED 29 APRIL 2023 FINANCIAL STATEMENTS Statement of Assets and Liabilities As at 29 April 2023 NOTE 2023 £ 2022 £ ASSETS Cash at bank- Ijoyds account Total assets o.oo FUNDS OF THE CHAR17Y Unrestrlcted funds Total thnds APPROVAL Approved by the tThstees on ad signed on their behalf: Ffl Ll bkhw Si8ned Name Po$ltlon (Trusleel Date TtUStees'ATmualReportand FlnaKlal Statements
FARANIS fRUST. REGISTERED CHARifi 1189408 YEAR ENOED 29 APRII 2023 FIIIANCIAL STATEME14TS Notes to the Financial Statements Donations and gifts No donation was received into the charitys bank account during the year. See note 5. Bank charges No bank charges were incurred during the year. Cash at bank The Lloyds account is the only bank account held by the charity. It was opened during the year. the balance at 29 April 2023 was £0.00. The charity held no other bank accounts, cash or investments. No eharitable activity in the year The trustees have confirmed that the charity carried out no charitable activity before July 2025. Any amounts applied in earlier periods thn)ugh the personal accounts of connected individuals did not relate to the charity and are not retlected in these financioj statements. Related pgxty transactlons Farhan Farani, the charity's Chair, is connected to City Solicitors (also trading as Farani Yaylorl, whieh is also the charity's registered office. No transactions occurred between the cbarity and this related party during the year. No trustee received any remurteration or reimbursed expenses during the year. Independent exarnlnatlon The charitys gross income for the year was below £2S,000, so independent examination is not required under section 145 of the Charkties Aet 2011. The financial statements have been prepared and approved by the tNstees. Comparative figures The charity was dorniant in the year ended 29 April 2022, with no income or expenditure; compar&tive figures are Shown as nil. Basis of preparatlon The financial statements have been prepared on the receipts and payments basis in accordance with the Charities Act 2011. As a CIO with gross Ancome below £250,000, the charity is eligible to prepare receipts and payments accounts. No fixed assets are held in the charity's name. Twustees'Annuhl Reportand Flnanelalststements