2024-06-30-accounts - Insan Trust

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Registered number CE024188

Registered charity number 1191609

Insan Trust

Report and Accounts

30 June 2024

Insan Trust Report and accounts Contents

	Page
Company information	1
Report of the Trustees	2
Independent examiner's report	4
Statement of financial activities	5
Balance sheet	6
Notes to the financial statements	7

Insan Trust Company Information

Trustees

Uphaz Gill Tariq Naeem Gill Shahzad Sohail Khan

Accountants

Paragon 155 Normanton Road Derby DE23 6UR

Registered office 218 Billet Road Romford RM6 5QR

Company Registered number CE024188

Charity Registered number 1191609

Insan Trust Registered number: CE024188 Report of the Trustees

The trustees present their report and the financial statements for the period ended 30 June 2024. The trustees who served during the year and up to the date of this report are set out on page 1.

Structure, governance and management

Insan Trust is a company limited by guaranteed (CE024188).

The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. The directors, who are the trustees in charity law are responsible for the overall management and control of the company working with other persons on an entirely voluntary basis.

Trustees are appointed in accordance with the Insan Trust constitution. Once appointed, Trustees are given an introduction of the charity and information about its objects, Trustees are also given a copy of the constitution and aims and objectives. Role descriptions are issued to each Trustee and full induction is given setting out the obligations of a Trustee. All Trustees are issued with a copy of the Charity Commission's guide The Essential Trustee'.

The Trustees meet every 3 months.

The Trustees actively review the major risk to which the charity is exposed to on a regular basis, in particular those relating to its operations and finances. The system is established to mitigate these.

Objectives and activities for the public benefit

The charity helps to support the poor and needy, working for their right, provding children the access to education, providing the poor access to basic healthcare and the means for social economic and welfare support.

Financial Review

The charity income which is £319,865 for the period ended 30 June 2024.

Insan Trust Registered number: CE024188 Report of the Trustees (continued)

Statement of trustee's responsibilities

The trustee are responsible for the preparing the Trustees' Annual Report and financial statements in accordance with applicable law and United Kingdom generally Accepted Accounting Standard.

In these financial statements, the trustees are required to:

Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP; Make judgement and estimates that are reasonable and prudent; State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees 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 the Charities Act 1993 and the Charity (Accounts Reports) Regulations 2008 . They are also responsible for safeguarding the assets of the charitable trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the board

Tariq Naeem Gill

24 April 2025

Insan Trust

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 30 June 2023

Independent examiner's report to the trustees of Insan Trust

I report to the charity trustees on my examination of the accounts of Insan Trust for the year ended 30 June 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW 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 giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Irfan Younus FCA

Paragon Chartered Accountants 155 Normanton Road Derby DE23 6UR

24 April 2024

Insan Trust

Profit and Loss Account for the year ended 30 June 2024

Notes INCOMING RESOURCES Donations Received 2 RESOURCES EXPENDED Charitable Activities 3 Managing and administering the charity 4 Net Incoming Resources Total funds carried forward	2024 £ Unrestricted Funds 319,865 (311,539) (415) (311,954) 7,911 7,910

Insan Trust Balance Sheet as at 30 June 2024

Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Total assets less current liabilities Net assets Funds Surplus for the year Shareholders' funds	2024 £ 8,310 8,310 (400) 7,910 7,910 7,910 7,910 7,910

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

Tariq Naeem Gill Director Approved by the board on 24 April 2025

Insan Trust Notes to the Accounts for the year ended 30 June 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared under the historic cost convention and in accordance with the Charities Act 2011 and follow the recommendations in the Statement of Recommended Practice- Accounting and Reporting by Charities 2005.

Incoming resources

All incoming resources are included in the statement of financial activates when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expanded

Expenditure is recognised on an accrual basis as a liability is incurred.

Taxation

The Charity is generally exempt from Income Tax and Corporation Tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates as the Charity is not VAT registered.

2 Donations and Legacies

2 Donations and Legacies Donations 3 Charitable activity costs Direct costs 4 Support cost Accountancy Software / IT	2024 £ 319,865 319,865 2024 £ 311,539 311,539 2024 £ 400 15 415

5 Trustees remuneration and benefits

There were no trustee's remuneration or other benefits for the year ended 30 June 2024.

Insan Trust

Notes to the Accounts for the year ended 30 June 2024

6 Creditors: amounts falling due within one year Accountancy	2024 £ 400 400