**ZARINA FOUNDATION Trustees' Annual Report Year ended 31 May 2023** The trustees present their report and the unaudited financial statements of the charity for the period ended 31 Mar 2023. ## **Reference and administrative details** |**Registered charity name**|Zarina Foundation| |---|---| |**Charity Number**|1190067| |**Principal office**|1 Abbotts Park Road| ||London| ||E10 6HT| |**The trustees**|Saleem Awan| ||Alisha Awan| |**Independent examiner**|Qamarul Islam| ||144 High Road Letyon| ||E15 2BX| 1 **ZARINA FOUNDATION Trustees' Annual Report Year ended 31 May 2023** ## **Structure, governance and management** Type of governing document Trust deed How the charity is constituted Trust Trustee selection methods Existing trustees appoint all new trustees The Trustees that have served the charity during the period are set out above. The board of Trustees have legal responsibility for the operation of the Trust. Majority of the trustees meet on a monthly basis and are responsible for providing strategic leadership and management for the whole charity. In discharging their collective responsibilities, the trustees are responsible for preparing the trustees annual report and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards under S44 of the Charity Act 1993 as amended by Charity Act 2006. The Trustees assess and monitor major risks to which the Charity is exposed, especially around the finances and operations of the Charity, and are satisfied that systems and procedures in place to mitigate the exposure of the charity to major risks. We would like to express our sincere appreciation to all our donors, volunteers & supporters who have been a means of great assistance physically, morally & financially resulting in the activities of the Charity to run smoothly. ## **Objectives and activities** ## **Summary of the objects of the charity set out in its governing document** The princial objecto of this chairty is the prevention or relief of pverty, both in the United Kingdom and Overseas, by providing: grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty. ## **Summary of the Main activities undertaken for the public benefit in relation to these objects** Aid in Goat sacrificing Water pump installation in remote areas Aiding shelter home and builidng homes for homeles ## **Risk management** The charity continues to have relevant operations policies and procedures in place. All significant activities undertaken are subject to a risk review as part of the initial project assessment and implementation. Major risks are identified and ranked in terms of their potential impact. The trustees review the risks on an ongoing basis and satisfy themselves that adequate systems and procedures are in place to manage the risks identified. Where appropriate, risks are covered by insurance 2 Zarina Foundation Annual Report and Accounts 2023 Isiered Ch•rlty (En￿Trd 1ndW*￿> ftuli¢qr•d C4mp•fiv I1￿7 CC17a IEKW) mopt of fin•ncibl artl¥ftles (Includlng summary Incpm• Fort d ¢wndltUf• ACCOU￿. Recommended utwrSes by *thliv Vhrtstrkte Re$irk￿ Endowmert Toiallufids Pl￿rye•r funds fi￿d5 Foi F02 F05 DOna￿on5 TOTAL INCOME AND ENOOWMENTS 205.750 205,750 205,750 205,750 ENpenthturew'. Ralsln8 lunds Toi•l expehdltyr• 197.205 197.205 197,205 N•t Incomell*xpehdlturel b•lor• tulorthe p¢rlod Tax pavable 545 8,Y5 8.545 perfod Totsi fund5 brouaht fon¥•rd Tot0lfvn￿￿rtféfvn¥errf 11,244 11.244 CC17A (E¥￿ Balance sheet Unrtsirklt Rèstrft￿ Endtswm￿ Totalthbs Total funds Hxed asxts Tanilble •ssets Foi F02 F03 Current•55•ts Cash it In h•r 13,644 13.644 13.644 13.644 4A98 Cr•dltorn: •moyntsl•llr¥du* wllNn oneywr IL244 11,244 11,244 Credltorn •mountsfalMni du••ft•rone Totqlnrtpss¢tsorlloblW Funds of the Ch•rlty Llnrestritw futhds 11,244 11,244 11.244 11.144 IL144 2,698 The ￿￿panY waseniided io exempthjn fmm audltundlr 1477otthe 2(1)6 rets￿n8 10 smal COM￿￿￿$. The members ha￿ Mt requlred the company to L*tsln 40 *￿Ilt In lc¢wdan￿tAth sectbjn 476ofthe Cm)•nlesAct 2￿fj. The dlrectcrfs aCkno￿ed￿e thdrre5POn51bUltle$for c0mptylw￿fh ￿ wu11err￿nts olthe Com￿r￿￿t wlth respect io accountln8 recofds and the weparatlon olaccourit& These accounts have been prepared lrt x¢tyJ•n¢e wlth the Pfu415hJns appkabkn ts yn#M ¢mp•r*s wblectto the 5moll companle5 r¢8lme and In accordance %￿th FRS102 SORP. 518ned by one or two trustee51dlrectors on beh•lfof all the trvSteesldl￿ttO SZARINA FOUNDATION. CHARITY No.. 1190067 I ABEIOTTS PARK ROAD LLYTON LONtX)N EI0 6HT www.zaiiiialoundaiion.LWg. Pwknt N•me Date of•pprov•l ddlmmlyvY¥ ShLE£M 27_03-202P $18nature of d1￿ctOraUthentka￿n1a(C0ufftt$ btlngserfw Companles House SiÉnatu Date ddlrnmlyvvv CC17a (Ex￿) Notes to the accounts Note l Basbsof wepara 1.188515 of accountln8 These accounts have been prepared underthe h1$tty￿ ¢OSl¢fyiveiiix)h with items recwised atcostor transacuonvalue unless otherwlse The btcounts have been ared In accordance wfth.. and wlth* the Statemeiit of Recofthn*￿ Pracdce.. AccowfjnRand Reporring by Charltles preparfng thelr accounts In accwdantt the Financiil RepNdngStand3rd applicablp in the UK and Republ ollreland IF￿ 1021 i55ued 16 Juty 2014 the fiThoncval Rep¢ytsn8Stsr¥lard applitable in the Uraied ￿ngdoM and Republk of Ireland IFRS • and wlth• and wlth the The charlty ¢onstytut¢s a publlc bethefft e￿￿ty asdeflned by FR5 102.. 1.2 Golhi tontem An explanatlon as to those factQfsthatgJpport tt* con¢￿11￿ thatth¢thathyts @olng concem. Ols¢losure 01 any uncertalntles that ma*ethe8ots¥cL¥*em•swrwkn dwbthil.. Not applk•ble Not applkable Where accountsare not pr¢par¢d M • ¢¢n¢¢m bas14 p*a5e dlth thls hct tO8ether wlth the baslson whkh the trustees prepared the K¢uunts*KI the reèsofi why the charSty Is not regarded 353 6dn8 concern. Notapplkable 1.3 £h•n6eof occountlffti polk¥ The accounts prese#1 • true and lalr¥*wand Mthèrysha¥e been mèdetotr* acwuniiw po4clesadopted kn note I l. Ye$. No. Pleosedlsc105e.' 11) the notwe olthe¢hryth &ttounihypoW.' 1111 the why opptylnq the newu(wwdffjp¢lkyy•4Wttmornrehble ndmorernle¥qntlft (1111 the amountolthe gdJ¥stm¢ntfvreoth IlneofftLledln thtcwrnrtprfo4 euch prlwperlodpresentedt¥rtd theoggreoote umow*olthvodJ¥sbn•# r¢lothg toperltsds btfve thosewesented. >41 FRS102SOAP. Plotwll¢oble Not0p￿ble 1.4 Ch•n8e5 to I￿0￿nIbni estlmètes No chan8es io accoun￿n estlmate5 have fK¢uNed In ￿ wort4w pe1knd13.46F￿l0250Rp1. Yes. No. Pleostdlsdose.. thenoiwe th currentperlod."u# 1.5 Mot•rt•l prloryear errors Identydln therythp¢fftsd1I47FRSIQ2S0RP). YE5. No. Ple05e dlsclose.. the o {Illfvr¢ochprlorptrlo¢lwesentedln th¢thnothttolthe(wrrftt eadp ur¢owitllntltemvffe¢ttd.' ond {IllJ the tunormtof the corrt(tlon ut the bég&7**oltheVtylestthrp￿1U￿I entedln the&ttoth Note Z IMS been pdoptedthen thts Is detulledth thebD#lJelow. 2.1 RECONCILIATION wfTN PREVIOUS GENERALLY ACCEIryEDACCOUNTIIIG PRAcncE Please provlde i de¥ulptknn ofthe natyr¢ofu(h kn•¢L#un¢*rf polkv There I￿￿thI CC178 IEA(41 Nde5 12 INCOME RecoqThltlon of These are Included In the Staternentof Financhil Atht*s IWAI wherL the charlty bec0me5en￿￿d to re5wrcu: It is more like￿ than Mtthatthe trustses wfjll fe£the the resowces the monetaryvalue can be n*aswed 5vlfic*Tht remability. There ha5 been no off5ettin8of as*ts •Thl liabili￿. ¢Ylr*ome ar41 exPer￿e$. unless requlred or permitted by the FRS 102 SORP or FRS 102. Yes No. Grnntsjnd dona¢luns Grants and donltlohs Incl￿¢¢ SOFA th¢8eneral Income reCOgntt4￿ thteria rf1S.10 to 5.12FRS102 SORPI. Yes No. In the ost of wrformance ￿lated 8rnr)ty Income mtsstonty be reco8nlsed to the extentthat the charttyhaswthJ8d the sp￿lfied000ds Yes Lwtles ie8acles are Included In the SOFAw￿n receipt lswob•ble. thatlk W￿Th Yes. V*re has been 8rantof probate. the executhr5 hh* e5tsbU5hed that there fjo¥*rnmeht The charfty ha5recel¥ed 4obYmnwJnty•ntsknll* repty1kn8peflod Yes. No. T•x r•d•lms0Tr Glft Ahl receIVab￿ Is In therelsa valkl dethr¥Uon Yes. donatloni Ind ￿rtI Irom the donN. kny Gfft Akl amount ieco¥ered on a donailon Is consbdered to be partof th•t8lft•nd ts tre•tel asan addl￿on ￿the same fund as the Inlilal donailon unle55the dorwyw the t*misof the appeal Mo. Cpntr•¢tu•l Ih¢om• Thls Is onty Included In the SoFAr#Ke the charlty h#$ pttyhJ¢d the related Yes. *hd pertomianee 8(tyJds or 5erykes or mei the perftym•tKe related (￿dI￿on$. v•l•t•d No. •t•dpods Donated 8ood5 are measured al tslr valye Ilh¢ amouni forwthkh thE as*t Yes. could be exhangedl unks5 Imprartkal toloso. No. The cost of any st￿kOl 8c¥>Js donated for dlstribullon to benetklarles Is Yes. deemed to be the falrvalue ol those 8lftsatthe Ilme olthefjr recelpt and the¥ ère re¢o8n15ed ofi tetelpL In the re[￿￿Kper￿ In whkh the stocks a¢edlstributed, Iheyare reco8n15ed as*fi expense atthe carrySn8amouThr of the 5tock5 at dlstrlbutkn. No. 00nated 8wds kn resale are measured at Illr wal￿ on knlllal rwnlkn, Yes. whkh15 the expe¢iel pr￿ted$ sale le55 the e¥pected ¢ostsof sa￿. and recc8n15ed lry'lncome from oth¢rtradln8aclfvfj￿eS. the £orrespondln8 Stock reco8nlsEd In the tsalè￿e ￿1. On its Sa￿ thevalue of$t￿* Ist￿r￿6 a8aln#.I￿i¥r* fr¢￿0th¢[trId￿aaC￿¥IdeS, and the pr¢xeedsfrom are also re¢08nlsed as'lrKome fr￿Tr othertradln8 athllles,. No. Goods donated tor oft*fjiw use by the re¢wlsed aSIan￿b￿ Ye5. fixed asseisar¥J IKlu0￿ Im the5oFA as￿￿lesp￿rtes¥ recelvable. No. GSft5 In klnd loruse by thÈ charfty are hKILthd lThthe WA as kncome frtyn Yes. dona￿On5 when reCe￿able. Donatod Mrtes•nd Donated serwcesand faciiitiesare knduded IA tt*SQFAt*hen recewed at Yes. f•dlltles the value ofthe 81ft to the ¢ha*itypm¥hled the oftt* th(an be mea5ure¢l rÈliabty. No. Oonated Se￿iCe5 fatilities that are consumed immedlatety are reco8nised as income wlth an equ￿alentaM￿f reccyksed asan ey¥ense ￿￿jer the approwiate headh¥ kn theSOF Yes. NO. SUP￿rttasts The charity has incurred expenditwe i)n Sup1￿cO51& Ye5. NO. CC17alEy£01) v9￿￿te¢rh￿P Thew41ue of bryvoluniary help recefftd isn0t￿￿￿￿ed In the accotsnts but Is descrtbed In the an1￿1 reporL Yes No Income Irom Thlsfjs Included In the accountswhen re￿p1 is probable and tt* amouni Ye5. iecehabte can be measured reuabty. No. Nla. Income from membershlp wtssvlptlDns Mefflber5hip wb¥ription5 ie¢eN¢d ihtr* nathola Oft3re re(wlsed Yes. In l)onatk)n5 and Le8ac4e5. 140. Member5hlp wbKrlp￿ons whkh 8lves a membtrthe ri8M to buy se￿ceS Yes. or otherbenefits afe reco8nlsed as Income ear￿ from the proYW¢>n ol Boodsand s￿(eS as tsKome fr￿th￿￿tys￿￿*•sI p•kl toth• kthpthd•tht GG17a (Ey Note6 T*￿Ible￿lled •55et5 6.1 Cortorvalu•iion Otherknftd& Rxlu Ilttlt)85 and ewlpment Totsl nd& machlnery and motor At the be8h)nln8 of the yea Addltlons Revaluatsons 5P05als Transfers At end of the year 6.2 Dwred•tlon •nd SlorRB ISlfal8hi SLorRO SLorRB SLorRB SLorRB Rel1￿￿￿& nce At beBlnrsln8of the year Olsposals Oepreclaiion Impalrment Transfers. At end of the year 6.3 14•1 book Net book value at the bE8lnnlngof the y•ar Nei book value at the end of the y¢ar 4 Imp•lmi¢hi- W&tA￿b¢•ts Lastyew.. Wot AWk•b GG17a (Ex41 10 6.5 Pvnlu the effertfve dvte olthertbvlwtlon thettarneoflndependent%vluer. Ifoppkuble 6.6 Othrdl¥dosuros Thls L4 0ndth¢¢ts￿j1$￿I1On￿tsts used. ' The'tronsfets'row Isfvmowements betweenllxed¢755et coreg¢vles. ** Ple05e Inthcote themethodaldewe¢itstl•ktyd¢letlrt9 th¢meihadnotop*o*tsL.strolqhtffin¢ RB=redudng boloncel. Alsopleose indlcote therote of deweciutlon.'for5trulghtllne. theonl￿*￿ftd￿eoS%rtfvl ietysJ.'fNr¢dudnqboloMce. wht7tts the percentoq¢ortntsol tleductlon. Note 7 7.1 An•lplsolcredllO Amounts yo*r Amounts Th15ye•r L15tyur Frw ollntsr•5t lo•h Accwed exp•ns•5 Tr4d•credltorJ Toi•l NMe8 fash •1 ￿nIkInd In hnd Th15yNr i1rty￿r Cash •tb•nk •nd on h•nd 13.644 13.644 4,498 CG178 (Exc*l 11 Ilote9 Charfiyfund5 9.1 DetsM5 of materl•l fvndsheld and movomwts**th theCUIIREiifreporth¥ pulod FurA names T￿t PE. EE Ror VR• Fuhd balances Trnnsfers G•kns•hd fund bI￿n￿% tarded Unre5tirc¢ed Income Re5tircted Inccffje UR 197.X6 IL244 Totsl Fynds•s pv b•l•n¢ethert Ye5. Fuhd bAlancesuthed foThMrd thdudeo55ets4nd Il•b1lldudu￿￿￿￿1•ed1n • No¢ Applk•bl• rtertlnqlortht¢urren¢ykn 9.2 D•t•lbofmit*rb•l funds hold and MO¥•m￿ durfNth•PAV1IOL￿￿￿h¥ P￿￿d Fund Mmes Type PQ EE R or Fyrtd Tr•n51•r% G•lhs •nl Fuhd b•l•n¢ rrl•d fowrd Unre5trlcted f¥nd5 Otherfvnds IJA Totsl Fundsm perts•l•nr•sh••i 140. Fund balancesuFrted In¢hth •ss•ts•nd M•bllth d•nOnth1￿ uwrffi¢y 9.3 Tr•nJters tsets¥￿1 fvnds Thls nlor tr•Dsl•r•hd ¥Jh•r• •ndo¥mwtls t• Intome, Amount 8etween unrestrlcted and r¢5trlcted lunds 8etY4een endowmentand resirlcted lur¥Js BEtween endowmentand uThrestrkted funds L•st Amount etween ursrestrkted and re51Jkted lufids Between endowment and re5tritted funds Between endowment and unreArirt¢l I￿￿$ CG17alExc4 12 # ## ##