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2024-08-31-accounts

THE PEOPLES FOUNDATION

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR YEAR ENDED 31 AUGUST 2024

CONTENTS

Charity Information 1
Trustees Report 2 – 4
Independent Examiner’s Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to Accounts 8 – 9

The Peoples Foundation

Charity Information

Charity Name Peoples Foundation
Charity Number 1191129
Organisation Type Trust
Governing Document Trust Deed
Trustees Khalidur Rahman Khan (Chairman)
Aamir Ijaz
Mothiur Rahman Choudhury
Atiqur Rahman Thahid
Abdul Qayum
Shah Shozad Ali
Registered Office The Peoples Foundation
Unit 9, Longsight Business Park
Hamilton Road
Longsight
Manchester
M13 0PD
info@peoplesfoundation.net
Website peoplesfoundation.org.uk
Bank Natwest Bank
699 Wilmslow Road
Didsbury
Manchester
M20 6NW
Independent Examiner Amin & Co. Accountants
Studio 3, 1stFloor,
Longsight Business Park
Hamilton Road
Manchester
M13 0PD

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The Peoples Foundation

Trustees Report

The Trustees present their report and accounts for the year ended 31 August 2024

Objectives and Activities

The objective of the charity as specified in the trust deed is:

The prevention or relief of poverty or financial hardship anywhere in the world. Provide or assist in the provision of basic essentials such as food, clothing, medicine and sanitation. To advance education of orphans and children

Activities carried out to reach objectives

The charity has implemented many projects and appeals in order to achieve its charitable objectives. This includes but is not limited to:

Achievements and performance

This year has seen the charity stabilize with regular donations and constant support. Throughout the globe there have been many crises which required worldwide charities to come together to help support those affected

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Gaza in particular has needed the international community to come together to help ease the suffering. There have also been natural disasters such as the earthquake in Morocco, and flooding in Libya and Bangladesh. We are pleased to state that we were able to send emergency aid to all these places that were affected mainly through the donations of our amazing supporters

This year we were particularly impressed by our Dawah sessions in Zimbabwe in which an amazing 511 people reverted to Islam. We will continue implementing this project this coming year alongside our many other projects

The charity continues to implement projects continuously such as Food Aid and Water Aid projects, alongside the many other various forms of projects we carry out. As always whenever needed, we have made appeals for various projects and have had good responses to them from our donors

Looking ahead

We are looking to continue our various projects across the globe

We already have plans to continue with many of our projects and new appeals will be added as and when needed. We are confident that the charity can continue to provide essential aid on a regular basis and in times of emergency too

Structure, Governance and Management

The charity is regulated by its trust deed dated 19 August 2020

The charity is run entirely on a voluntary basis and is overseen by Trustees who are appointed. Trustees are appointed through agreements with all other Trustees at a scheduled meeting where the topic is considered. The Trustees are expected to have good integrity, passion and commitment to carrying out the charity objectives. The current Trustees may seek help and guidance from others in regards to the background and character of a new Trustee before appointment

The charity also gets help from volunteers but does not employ or pay anyone for the work carried out (excluding re-imbursements)

Statement of Trustees responsibilities

The Trustees are responsible for the overall running and maintenance of the charity. The Trustees are responsible for preparing the Trustees Annual Report and Financial statements in accordance to the relevant laws

The Trustees are also responsible for keeping proper accounting records, safeguarding the charity from risks, taking reasonable steps to prevent & detect any irregularities or frauds and follow & maintain all relevant applicable laws

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Financial review and reserves policy

We are pleased to say that the charity has continued bringing in many donations across the year and is in a stable position. The charity is currently in a healthy financial position from which it can continue its work

The main source of income for the charity was through charitable donations and the organization was also permitted to claim Gift Aid which helped cover all the running and admin costs, keeping the donations policy at 100%

The charity regularly has a small reserve policy to cover any unforeseen circumstances and in regards to the going concern for the charity it sees no issues for the continuance of the organization for the medium to long term future

Risk Assessment

The Trustees regularly assess and review any major risks which the charity may face at its meetings. The Trustees are satisfied with all the systems in place and can report that no major risks were brought to attention this previous year and no immediate risks have been identified to the running of the charity for the foreseeable future

Trustees Conclusion

The Trustees would like to take this opportunity to thank everyone who has helped us in our efforts to reach our charity objectives. This includes all donors, volunteers and the people who helped us implement all our projects

We are pleased to state that the charity was able to carry out many projects and reach a large population of people around the globe. This year has shown the generosity of humankind as although many people are struggling with the cost of living crisis, they still have donated generously to help those who may be struggling more and in need of more assistance

The Trustees Annual Report was approved on:

19 March 2025

Signed on behalf of all Trustees:

…………………………………………..

Khalidur Rahman Khan Chairman

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The Peoples Foundation

Independent Examiners Report

TO THE TRUSTEES OF PEOPLES FOUNDATION

I report to the trustees on my examination of the accounts of the PEOPLES FOUNDATION (the Trust) for the year ended 31 August 2024

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act')

I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act

Independent examiner's statement

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Financial Accountants (IFA), which is one of the listed bodies

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached

Amin & Co Accountants Ltd (Member of Institute of Financial Accountants) Studio 3, Longsight Business Park Hamilton Road Manchester M13 OPD

Date: 14-May-2025

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The Peoples Foundation

Statement of Financial Activities for Year Ended 31-August-2024

Notes
Income
Charitable Donations
Gift Aid / Admin
Total Income
Expenditure
Charitable Causes
Admin Costs
Total Expenditure
Net		 2024 2023
(£)
239,373
30,383
Restricted
Funds
(£)
254,739
254,739
174,520
174,520
80,219		 Unrestricted
Funds
(£)
30,207
30,207
43,853
3,309
47,162
-16,955		 Total
(£)
254,739
30,207
284,946

218,373
3,309
221,682

63,264
269,756
261,015
3,609
264,624
5,132

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The Peoples Foundation

Balance Sheet for Year Ended 31-August-2024

Notes
Current Assets
Cash & Bank Balances
Less: Current Liabilities
Net Current Assets
Income Funds		 2024 2022
(£)
39,290
1,020
38,270
Restricted
Funds
(£)
83,485
83,485
83,485		 Unrestricted
Funds
(£)
19,171
1,122
18,049
18,049		 Total
(£)
102,656
1,122
101,534
101,534
38,270

The financial statements were approved by the Trustees on:

19 March 2025

Signed on behalf of all Trustees:

…………………………………………..

Khalidur Rahman Khan Chairman

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The Peoples Foundation

Notes to Accounts

1. Accounting Policies

Basis of Accounting

These accounts have been prepared under the historical cost convention with items recognized at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts

The accounts have been prepared in accordance with the Statement and Recommended Practice:

Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and with the Charities Act 2011

Going Concern

The Trustees have concluded that there are no major financial risks or uncertainties pertaining to the on-going continuance of the charity for the medium or long term future

Fund Accounting

Restricted funds are donations made for specific appeals or causes imposed by the donor. Unrestricted funds are available for use at the discretion of the Trustees in furtherance to the objectives of the charity. Surplus Gift Aid funds are also available for use at the Trustees discretion

2. Income Resources

The primary source of income is through charitable donations from individuals and other organizations. The charity is also eligible to claim Gift Aid which is used towards the running and admin costs of the charity. All income can be measured with sufficient reliability

3. Expenditure

The main basis of expenditure is for charitable projects and some admin costs which is covered through Gift Aid funds

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Analysis of Expenditure
Charitable Causes
Admin Costs
Total Expenditure		 2024 (£)
218,373
3,309
221,682		 2023 (£)
261,015
3,609
264,624

4. Related Party Payments

There were no related party payments paid and no trustee claimed expenses or remuneration

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