Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31[st] March 2024
Charity Assist Accountants Ltd
Certified Public Accountants and Charity Independent Examiners
Unit 27 Batley Enterprise Centre
513 Bradford Road Batley West Yorkshire
WF17 8LL
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Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31[st] March 2024
| Contents | Page |
|---|---|
| Basic information | 3 |
| Trustees annual report | 4-10 |
| Independent examiners report | 11-12 |
| Income and expenditure accounts | 13-14 |
| Notes to the accounts | 15-19 |
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Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31[st] March 2024
Basic information
Address
Al Saaf Foundation Ltd 18 Norton Tower
Halifax HX2 0NG
Bank
Barclays Bank 1-3 Parliament Street
York
YO1 8SE
Accountants
Charity Assist Accountants Ltd Unit 27 Batley Enterprise Centre
Batley
WF17 8LL
Charity registration number
1191452
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Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31[st] March 2024
Trustees’ annual report (including Directors’ report) for the period
From: 1[st] April 2023 To: 31[st] March 2024
Charity name: Al Saaf Foundation Ltd
Objectives and activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | the objects of the charity are to: (1) The relief of poverty and preservation of health, anywhere in the world, in particular but not exclusively in Gambia by building community wells and the provision of food packages. (2) The advancement of the Islamic faith, anywhere in the world, in particular but not exclusively in Gambia by the provision of funds to build a masjid. (3) The relief of financial need and suffering among victims of natural or other kinds of disaster in the form of money (or other means deemed suitable) for persons, bodies, organisations and/or countries affected. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The charity bought food packages such as rice, cooking oil and sugar to help relieve poverty in Gambia. It also helped build a masjid for the community, built community wells and sponsored orphans in Gambia. It helped with earthquake relief in Mirpur. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Directors are responsible for preparing the Directors Annual Report and the Financial Statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). In preparing the financial statements, the directors are required to: |
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Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31[st] March 2024
• Select suitable accounting policies and then apply them consistently; • Make judgements and estimates that are reasonable and prudent; • Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with Companies Act 2006 and the Statement of Recommended Practice, Accounting and Reporting by Charities (FRS102).
Achievements and performance
Summary of the main The charity was able to carry out water achievements of the charity, projects, food distribution projects, Qurbani identifying the difference the project and Ramadan food packs in different charity’s work has made to the Para 1.20 countries (see accounts for details). The charity circumstances of its also managed to provide grants to a UK charity beneficiaries and any wider Rafah International. benefits to society as a whole.
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Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31[st] March 2024
Pictures of projects during the year .
Gambia project
Turkey project
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Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31[st] March 2024
Pakistan project
Uganda Project
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Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31[st] March 2024
Morrocco project
Niger project
Ghana project
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Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31[st] March 2024
Financial review
| Financial review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity is showing a surplus on the movement in funds. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity does not a reserve policy in place as the trustees intended to help relieve the poverty by getting donations from friends and family. The charity was set informally between friends and family. |
| Amount of reserves held | Para 1.22 | £0 |
Reference and administrative details
| Charity name | Al Saaf Foundation Ltd |
|---|---|
| Other name the charity uses |
|
| Registered charity number |
1191452 |
| Charity’s principal address |
Al Saaf Foundation Ltd, 18 Norton Tower, Halifax, HX2 0NG |
| 1 2 3 4 |
Trustee name | Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|
| Nayim Akram | ||
| Irfan Afzal | ||
| Asam Munir | ||
| Rizwan Shabir |
Corporate trustees – names of the directors at the date the report was approved
Director name Nayim Akram Irfan Afzal Asam Munir Rizwan Shabir
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Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31 March 2024 st Declaratlons Tho company has tak•n advantag• of the Small compani08' •x•mptlon In preparing th• report above. Thè trustees d•clare that th•y hav• approved tho tru8to08' report (Includlng director8, rèport) abov•. Slgned on behalf of the charlty's tru$tee$ldlre¢tors Slgnature(sl Full namelsl Irfan Alzal P051tlon (for example Secretary, Chalr. etcl Dir8ctor Date 27108124 io
Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31[st] March 2024
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Independent Examiner’s Report | Independent Examiner’s Report | Independent Examiner’s Report | Independent Examiner’s Report | Independent Examiner’s Report | Independent Examiner’s Report | |
|---|---|---|---|---|---|---|
| Report to the trustees/directors/ members of On accounts for the year ended |
Al Saaf Foundation Ltd | |||||
| 31stMarch 2024 | ||||||
| 12754204 | ||||||
| Charity no: | 1191452 | Company no.: |
Set out on pages 13-14
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 / 03 / 2024 . Responsibilities and As the charity’s trustees of the Company (who are also the directors of basis of report the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
| Independent examiner's | I have completed my examination. I confirm that no material matters |
|---|---|
| statement | have come to my attention which gives me cause to believe that: |
| • accounting records were not kept in accordance with section 386 of the | |
| Companies Act 2006; or | |
| • the accounts do not accord with such records; or | |
| • the accounts do not comply with relevant accounting requirements | |
| under section 396 of the Companies Act 2006 other than any | |
| requirement that the accounts give a ‘true and fair’ view which is not a | |
| matter considered as part of an independent examination; or | |
| •the accounts have not been prepared in accordance with the Charities | |
| SORP (FRS102). |
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Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31 March 2024 st [rf •ry): FA F17 8LL 12
Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31[st] March 2024
| Charity NameAl Saaf Foundation Ltd | Charity NameAl Saaf Foundation Ltd | Charity NameAl Saaf Foundation Ltd | Charity No | 1191452 | 1191452 | ||
|---|---|---|---|---|---|---|---|
| Company No |
12754204 | ||||||
| Annual accounts for the period | |||||||
| Period start date | 01.04.2023 | To | Period end date |
31.03.24 | |||
Section A Statement of financial activities (including summary income and expenditure account)
| Recommended categories by activity | Recommended categories by activity | Guidance Note | Unrestricted funds |
Restricted income funds |
Endowment funds |
Total funds | Prior year funds |
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |||
| Income (Note 3) | F01 | F02 | F03 | F04 | F05 | ||
| Income and endowments from: | |||||||
| Donations and legacies | S01 | 24,581 | 191,611 | - | 216,192 | 241,618 | |
| Charitable activities | S02 | - | - | - | - | - | |
| Other trading activities | S03 | - | - | - | - | - | |
| Investments | S04 | - | - | - | - | - | |
| Separate material item of income | S05 | - | - | - | - | - | |
| Other | S06 | - | - | - | - | - | |
| Total | S07 | 24,581 | 191,611 | - | 216,192 | 241,618 | |
| Expenditure (Notes 6) | |||||||
| Expenditure on: | |||||||
| Raising funds | S08 | - | - | - | - | - | |
| Charitable activities | S09 | 3,150 | 184,799 | - | 187,949 | 195,119 | |
| Separate material expense item | S10 | - | - | - | |||
| Other | S11 | 174 | - | - | 174 | - | |
| Total | S12 | 3,324 | 184,799 | - | 188,123 | 195,119 | |
| Net income/(expenditure) before tax for the reporting period |
S13 | 21,257 | 6,812 | - | 28,069 | 46,499 | |
| Taxpayable | S14 | - | - | - | - | - | |
| Net income/(expenditure) after tax before investment gains/(losses) |
S15 | 21,257 | 6,812 | - | 28,069 | 46,499 | |
| Net gains/(losses) on investments |
S16 | - | - | - | - | - | |
| Net income/(expenditure) | S17 | 21,257 | 6,812 | - | 28,069 | 46,499 | |
| Extraordinary items | S18 | - | - | - | - | ||
| Transfers between funds | S19 | - | - | - | - | - | |
| Other recognised gains/(losses): | |||||||
| Gains and losses on revaluation of fixed assets for the charity’s own use |
S20 | - | - | - | - | - | |
| Other gains/(losses) | S21 | - | - | - | - | - | |
| Net movement in funds | S22 | 21,257 | 6,812 | - | 28,069 | 46,499 | |
| Reconciliation of funds: |
|||||||
| Total funds brought forward | S23 | 32,078 | 26,732 | - | 58,810 | 12,311 | |
| Total funds carried forward | S24 | 53,335 | 33,544 | - | 86,879 | 58,810 |
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Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31 March 2024 st 1191452 Section B Balance sheel Flx•d a$s•ts F07 FCQ F04 Twibtyj #t# IrA•kn•Tr ( 17> Curr•nt a6•0t6 DtrLr INi* l• In¥uotn IN 17.4> Cdh4tbnk rtd in hrtd 241 23.66F 26 194 )3.914 33.W 4,8 18,379 016 60210 51.835 Credor•'. ll•ur on• Yeai 53.335 33.544 46,8 810 53.335 86,87 5&BID on• y• tor 1bIll•• S3.335 33.4 16,879 Funds of th• Charlty EThknwmnl fvnd (P4ot• 271 Llnr••irfjGW V07B Fir¥hx r••v¥ T•i•lJl*¥ds a6,879 A1 do Itlan A12A 27AW24 dor 2?4 irt&n Njzai 14
Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31 March 2024 Section C st Notes to the accounls Note 1 Basis of preparation This serlion sh)uld be completed by all charities. 1.1 Basis ofaccounting These aCCjnts have teen wepared under the histcfical cc6t eCVenticfft 1th items reccgnised at costor transtion value unless othewi%e stated in the relevant note(s} to these accounts. The &counls have teen epared in accordance with.. the Ststement of Reccrfnmended Practice.. kcounting and Repcfting by CharitEs preparing their a¢¢ounts in accordance with the Financial Repc#ng Standanl applicatrje in the UK Repu1¢ of Ireland {FRS 1021 issued cffj 16 July 2014 and with" a)d with" the FInCIal Rewb"ng Standard aFplicat4e n the United Kin9Jom and Republic of eland IFRS 1021 and with the Charities Act 2011. The Charity ccfjstitutes a W1¢ Imefrt ts'ty as defined by FRS 102." "wriae 12 Going concern there are material uncertainties related to events or condilions that castsignifiGant doubton the charitys ability to continue as agoing concem, please provide the following details orstate -Not applicable-, rfapprowiate.. An eXana1[On as to thc6e factor5 that support the cCnclusic that the Charity is )ing concem.. The charity is showing a sUlUS at theeThYof the financial 1.3 Change ofaccounting policy The &counts presenl a true and fa.r view no changes have teen maje to the aCCjnting pdicies adopted in note { }- .TX &s 1AChangesto accounting estrmates No chge5 to xcounting estimates have o¢cunEd in the rerKJrting pericd {3.46 FRS102 SORPI. Yes" No. 1.5 Malerial prior Jtar errors No material r errorhave Len idenbfEd in the re Yes. orb'n erK) 3.47 FRS102 SORP . -TKk a5 15
Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31[st] March 2024
| Note 3 | Income | |||||
|---|---|---|---|---|---|---|
| Analysis of income | Unrestricted funds |
Restricted income funds |
Endowment funds |
Total funds | Prioryear | |
| £ | £ | |||||
| Donations and legacies: |
Donations and gifts | 191,611 | - | 191,611 | 187,820 | |
| Gift Aid | 24,581 | - | - | 24,581 | 32,148 | |
| Legacies | - | - | - | - | - | |
| General grants provided by government/other charities |
- | - | - | - | 21,650 | |
| Membership subscriptions and sponsorships which are in substance donations |
- | - | - | - | ||
| Donated goods, facilities and services | - | - | - | - | - | |
| Other | - | - | - | - | ||
| Total | 24,581 | 191,611 | - | 216,192 | 241,618 | |
| TOTAL INCOME | 24,581 | 191,611 | - | 216,192 | 241,618 |
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Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31[st] March 2024
| Note 6 | Expenditure | Expenditure | |||||
|---|---|---|---|---|---|---|---|
| Analysis of expenditure | Unrestricted funds |
Restricted income funds |
Endowment funds |
Total funds | Prioryear | ||
| £ | £ | ||||||
| Expenditure on raising funds: |
Incurred seeking donations | - | - | - | - | - | |
| Incurred seekinglegacies | - | - | - | - | - | ||
| Incurred seeking grants | |||||||
| - | - | - | - | - | |||
| Total expenditure on raising funds | - | - | - | - | - | ||
| Expenditure on charitable activities |
Accountancy fees | 975 | - | - | 975 | 975 | |
| Annual return | 325 | - | - | 325 | 125 | ||
| Bank charges | 931 | 931 | 788 | ||||
| Gift aid charges | 539 | 539 | 710 | ||||
| Governance | - | - | 400 | ||||
| Grants Sri Lanka | - | 2,000 | 2,000 | - | |||
| Grants Gambia | 33,185 | 33,185 | 28,115 | ||||
| Grants Ghana | 18,290 | 18,290 | 47,265 | ||||
| Grants Guinea | 2,016 | 2,016 | |||||
| Grants Jerusalem | 100 | 100 | |||||
| Grants Morocco | 5,919 | 5,919 | |||||
| Grants Niger | 6,812 | 6,812 | 14,575 | ||||
| Grants Pakistan | 33,665 | 33,665 | 20,156 | ||||
| Grants Palestine | 39,500 | 39,500 | 3,680 | ||||
| Grants Turkey | 8,156 | 8,156 | 32,343 | ||||
| Grants Uganda | 28,532 | 28,532 | 34,547 | ||||
| Grants UK organisations | 6,625 | - | 6,625 | 11,100 | |||
| Independent examination | 300 | 300 | 300 | ||||
| Printing, postage & stationery | 80 | 80 | 40 | ||||
| Total expenditure on charitable activities |
3,150 | 184,799 | - | 187,949 |
195,119 | ||
| Other | Justgivingfees | 174 | - | - | 174 | - | |
| - | - | - | - | - | |||
| Total other expenditure | 174 | - | - | 174 | - | ||
| TOTAL EXPENDITURE | 3,324 | 184,799 | - | 188,123 | 195,119 |
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Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31[st] March 2024 Note 10 Details of certain types of expenditure
| Note 10 Details of certain types of expenditure | Note 10 Details of certain types of expenditure | Note 10 Details of certain types of expenditure | Note 10 Details of certain types of expenditure | Note 10 Details of certain types of expenditure | ||
|---|---|---|---|---|---|---|
| Note 10.1 Fees for examination of the accounts | ||||||
| Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es). |
||||||
| This year | Last year | |||||
| £ | £ | |||||
| Independent examiner’s fees | 300 | 300 | ||||
| Assurance services other than independent examination | ||||||
| Tax advisory fees | ||||||
| Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner |
| Note 19 Debtors and prepayments | Note 19 Debtors and prepayments | Note 19 Debtors and prepayments | ||
|---|---|---|---|---|
| Please complete this note if the charity has any debtors or prepayments. | ||||
| 19.1 Analysis of debtors | ||||
| This year | Last year | |||
| £ | £ | |||
| Trade debtors | - | - | ||
| Prepayments and accrued income | - | - | ||
| Other debtors (estimated gift aid) | 23,687.0 | 26,194.0 | ||
| Total | 23,687.0 |
26,194.0 |
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Al Saaf Foundation Ltd Income and Expenditure Accounts for the year ended 31[st] March 2024
| Note 20 Creditors and accruals | Note 20 Creditors and accruals | ||||
|---|---|---|---|---|---|
| Please complete this note if the charity has any creditors or | accruals. | ||||
| 20.1 Analysis of creditors | |||||
| Amounts falling due | Amounts falling due after | ||||
| within oneyear | more than oneyear | ||||
| This year | Last year | This year | Last year | ||
| £ | £ | £ | £ | ||
| Accruals for grants payable | - | - | - | - | |
| Bank loans and overdrafts | - | - | - | - | |
| Trade creditors | - | - | - | - | |
| Payments received on account for contracts | |||||
| or performance-related grants | - | - | - | - | |
| Accruals and deferred income | 1,500 | 1,400 | - | - | |
| Taxation and social security | - | - | - | - | |
| Other creditors | - | - | - | - | |
| Total | 1,500 | 1,400 | - | - |
| Note 24Cash at bankand in hand | Note 24Cash at bankand in hand | Note 24Cash at bankand in hand | ||
|---|---|---|---|---|
| This year | Last year | |||
| £ | £ | |||
| Short termcash investments (less than 3 months maturity date) | - | - | ||
| Short termdeposits | - | - | ||
| Cash at bankand on hand | 64,692 | 34,016 | ||
| Other | - | - | ||
| Total | 64,692 | 34,016 |
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