FARANIS TRVST. REGISTÉRED CHARITY 1189488 YEAR ENDED 29 APRIL 2025 CHARifA8LE INCQRPQRATEO ORGAN15ATION Faranis Trust Regtstered charity Number 1189488 Trustees, Annual Report and Financial Statements For the year ended 29 April 2025 BASIS OF PREPARATION REGISTERED OFFICE Receipts and payments 2nd Floor, Faranl Taylor, Mermaid House, 2 Puddle (k, London Tiustees'AnnOIllepOrLTrd FlnancialStatemEtyts
FARAIIIS TRUST. 5tEGISTERED CNARITY 1189488 YEAR ENDED 29 APRIL 2025 01 Legal and Administrative Inforn]ation Charity name Faranis Trnst Charity registration number 1189488 Legal form Charitable Incorporated Org&nisation (CIO), foundation model Date registered 14 May 2020 Governingdocument Constltutlon (Charity Commlsslon foundation model, adopted on registratAolll Registèred offlce 2nd Floor, Farani Taylor. Mermaid House, 2 Puddle Dock, London Trustees Farhan F&rani (Chair), appointed 14 May 2020 Umar Ithan (Trustee), appointed 14May 2020 Bankers Lloyds Bank plc, sort code 30.62-(l, account 39146968 Independentexaminer Not required- gross Income below £25,0 (see note 61 Asa foundation njodel CIO, the charity& onlyvotingmenthers areit6 tharity tStee& 02 Structure, Governance and Management Governing document. Faranis Trust is a Charitable Incoryorated Organlsation (foundation model), registered wkth the Charity Commission for England and Wales on 14 May 2020, It is governed by its constitution. As a foundation model CIO, its only voting members are its charity trustees. Charitable objects. The object of the CIO is the preverttion or relief of poverty anywhere in England by providing grants, items, supplies, or such other means, as the trustees determine, to individuals in need, or other organisations working to prevent or relieve poverty. Appointment of trustees. Trustees are appointed in accordance with the charity's constitution. New trustees receive an induction covering the charity's objects, Its constitution and their duties as charity trustees. Management. The charity has no employees, Its work Is carried out by the trustees on a voluntary basis. The trustees who served during the year are listed in the Legal and Administrative Information above. TfUStees'AnovalReportaDd FlnaDtlalStthments
FARANIS TfiusT. REGISTERED CHARITY IIB9488 YEAR ENOED 29 APRIL 202S Rlsk management. The trustees have considered the principal rÉsks to which the charlty is exposed. During the perlod the charitys activity was limited to maintaining its arrangements, and the principal risks addressed were ensuring sound financlal control artd timely regulatory compliance, for which the trustees have put appropriate arrangements in place. 03 Objectives and Activities Objects and public benefit. The charity's object is the prevention or relief of poverty, as set out above. The trustees confirnl that they have had regard to the Charity Commtssion's guidance on public benefit. During the year the charity was preparing to deliver public benefit through its planned charitable activities. IIEVIEW OF THE YEAR The CIO remained in its pre-operationai phase for most of the year. A donvAtion of £500 was received from a connected party. Charitable activity- the funding of a school in Pakistan- commenced shortly after the year end, in July 2025, and will be reflected in the accounts for the year ending 29 April 2026. 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 actiVAties at this stage of its development. A formal reserves policy will be adopted as the charity's programmes cotnmence. Going concern. The trustees are satlsfied that the tharity can meet its liabilittes as they fall due ond have prepared the financial statements on a going concern basis. 05 Plans for Future Periods The trustees intend to comrnence the charity's operational programrne- 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 tharitable funds will be received into and paid from the charity's own bank account, and that monitoring and reporting arrangements will be developed as activity grows. Trustee¥ Annual ReportandFlnanclo15tst¢rneThts
FARANIS TRUST. RÉGISTERED CHARITY 1189488 YEAR Et40E0 29 APRIL 2025 06 Statement of Trustees, Responsibilities The trustees are responsible for preparing the Trustees, Annual Report and financial statements which give a proper record of the charity's receipts and payments and of its assets and liabilities, in accordance with the Charitles 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 gokng concern basis. The trustees are responsible for keeping proper accounting records and for taking reasonable steps to safeguard the assets of the charity. APPRO¥AL Approved by the trnstees on 2pT and signed on their behalf: . Signed Name P05itiofi [rSteel Date Tru$tee5'knnual Report*Nd Fthantialsiatemtnts
FARANIS TRUST- REGISTERED CHARITY 1189488 YEAft ENDED 29 APRIL 2025 FINANCIAL STATEMENTS Receipts and Payments Account For the year ended 29 April 2025 NOTÉ 2025 £ 1024 £ AECEIPTS Donations and gifts 500.00 0.00 Total receipts 500.00 0.00 PAYMENTS Bank charges 60.00 Totsl payments 60.00 0.00 NET MDVEMENT IN FVNDS Surplugl {deficit) for the year 440.00 0.00 Cash fiinds brought forward Cash funds carriedfonvard 440.00 0.00 The notes on the folJo%vingpagesformpartof these financiaJstateJnents. TrtF51ees'Annual Reportand FlnanclalStsiemeAts
FARAN15 TRUST. REGISTEREO CHARITY II89488 YEAR ENDED 29 APRIL 2025 FINANC1AL STATEMENTS Statement of Assets and Liabilities AS at 29 April 2025 IIOTÈ 202S £ 2024 £ ASSETS Cash at bank- Lloyds account 440.00 Total assets 440.00 0.00 FUNDS OF THE CHARITY Unrestricted fund8 440.00 0.00 Total fund8 440.00 0.00 APPROVAL Approved by the trustees on t and signed on their behalf: Signed ame Posltion (frusteel Date Irustee5'Annual ReportaTrd Flnancialstalements
FARANIS TRUST. REGISTERED CHARITY EL89488 YEAR ENOEO 29 APRIL 2025 FINAtIClAL STATEMENTS Notes to the Financial Statements Donations and gift8 A donation of £500 was reeeived in the year from City Solicitor8 {¥J80 trading a8 Farani Taylor). This was the only receipt into the charitys bank account during the year. See note 5. Bank charges Bank charges of £60.00 represent Lloyds Bank account service charges. Cash at bank The Lloyds account is the only bank account held by the charity. Its balance was £0.00 at 29 April 2024 and £440.00 at 29 April 2025. The charity held no other bank aeeounts, cash or investments. No clwitable activity An the year The trustees have confirmed that the charity carried out no charitable activity before July 2025. Any amounts applied in earlier periods through the personal accounts of connected individuals did not relate to the charity and are not reflected in these financial statements. Related party transactions Farban Farani, the charity's Chair, is connected to City Solicitors (also trading as Farani Taylor), which is also the charity's registered office. The donation received by the charity (£500 in the year) was made by that firm. No trustee received any remuneration or reimbursed expenses during the year. Independent examinatlon The charity's gross income for the year was below £25,000, so independent examinatkon is not required under section 145 of the Charities Act 2011. The financial Statements have been prepared and approved by the trustees. Comparatlve figures Comparative figures are for the year ended 29 April 2024. Basis of preparation The financial statements have been prepared on the recelpts and payments basis in accordance with the Charities Act 2011. As a CIO with gross income below £250,000, the charity 18 eligible to prepare receipts and payments accounts. No fixed assets held in the Charitys name. Trnstt&s'Anw¥l Reportand FlnancialSlbleFYJents