CHARITY REGISTRATION NUMBER.. 1191798 LOC FOUNDATION Unaudited Financial Statements 31 December 2024 K B M UK LIMITED Chartered Certified Accountants 1 Concord Business Centre Concord Road London UK W3 OTJ
LOC FOUNDATION Financial Statements Year ended 31 December 2024 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Slatement of financial position Statement of cash flows Notes to the financial statements
LOC FOUNDATION Trustees. Annual Report Year ended 31 December 2024 The Iruslees present their report a% the unaudtted financial statements of the charity for the year ended 37 December 2024. Reference and administrative details Registered charity name LOC FOUNDATION Charity registrntion number 1191798 Principal office 18 Chestnut Vvalk Warford WD24 6NS England The trustees Mr S AFyned MrFAIi Ms M Ahmed MrUAIi Independent examlner KBM UK LTD 1 Concord Business Cenlre Concord Road London UK W3 OTJ Structure, governance and management LOC Foundation is charitable incorporated organis*ion. were incorporated on 14 October 2020. The day lo day running of the charty ts led by managing trustee, Mr Faisal Ali who manages the daily activilies of the charity and management related tasks. Mr Ali also participates in fundraising for the charity and travels lo pla where charrtable activities are undertaken. Objectives and activities The charity helps poor families. schools, chiklren along the line of control. This range5 from sending lolhes. prowde stslionery equipment for schcK)Is. providing medical aid and IT equipment for the poor. The main obj'ectives of the organisation are.. The pievenlron or relief of poverty aMC9St those Imng in Kashmir Nakyal Sector by the provision of grants of items, equipment and funds to relieve their needs and the relief and assistance of people in Kashmir Nakyal Sector. who are victims of war or natural disaster. trouble or ¢ataslrophe in particular by the suppty of grants. The relief of financial need and suffering among vitims of natural or other kinds of disaster in the form of money lor other means deemed suitable) persons, bodies. organisations affe¢led in such ways as the trustees shall think fil.
LOC FOUNDATION Trustees, Annual Report{continued) Year ended 31 December 2024 Achievements and perforrnance In 2024. our primary project was the J8naza Gha in the village of Kenli. Nakyal sector. The goal was lo assist the local community wilh burols. as their mosque was not suitable for conducting a proper funeral procession. Thanks to generous donations. the community in Kenti can now comfortably accommocfale around 1500 people. alkm'ng them lo pay their respects lo the deceased. In addition to this, the Loc Foundation continued rts efforts lo provtde clean drinking water for both the local community and the Jandrote hospital. Further donalK)ns were made lo support the Free Kidney Dialysi5 Centre at the Nakyal hospital. Looking ahead. our focus will remain on providing water boreholes to areas in need and offering assistance lo IcLal h05Prtals and schools thal Tequire support. Financial rèview The Chaftty received donation and funds £12.545 during the period. Total outgoing $oUrCeS amounted lo £10.453 of which £9,833 relates lo restricted charitable activthes and £621 on the costs of running the office and on other Governance costs. Total available funds al 31 December 2024 amounted to £16.649 of which £16.156 related lo unrestricted funds aniy £493 vrd5 available for restricted puiposes. The Trustees are s*isfieil that the chariVs aciivities during the pericrfl have mel their objectives and are salisfied with the financial position at the period end. The Iruslees, annual report was approved on 8 May 2025 and swJned on behalf of the board of trustees by: Mr S Ahmed Trustee
LOC FOUNDATION Independent Examiner's Report to the Trustees of LOC FOUNDATION Year ended 31 December 2024 I report to the ttustees on my examination of Ihe financial stslements of LOC FOUNDATION I'the charitll for the year ended 31 December 2024. Responsibilities and basis of report As the Iruslees of the charity you are responsible foi the preparation of the financial slalements in accordance with the requirements of the Charilies Act 2011 {'the Act'i. I report in respect of my examination of the charitys financk41 slalements carried out under section 145 of the 2011 Act and in carrwng out my examinati I have followed all the applicable Directions given by Ihe Charty Commission under seciion 14515llbl of the Act_ IndepèndÈnt examinerfs ststement I have completed my examination. I confirm that material matters have come to my attention in connection ¥Mlh the examinatton giwng me cause to believe that in any material respect.. accounling records were not kept in SpeCt of the charity as required by section 130 of the Act.. or the financial statements do not accord wlh those records.. or the financial statements do not comply wrth the applicable iequiremenls concerning the form and ¢onlenl of accovnls set out in the Charlties (Accounts and Reports) Regulations 2008 other than any requirement that the a¢counls give a 'lrue and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no olher matters in connection with Ihe examination to which attention shoLtld be drawn in Ihis report in order to enable a proper understanding of the accounts lo be reached KBM UK LTD Independent Examiner 1 Concord Business Centre Concord Road London UK W3 OTJ
LOC FOUNDATION ststement of Financial Activities Year ended 31 December 2024 2024 Restcicted funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donations and legacies Total incomg 8,715 8.71 S 3,830 12,545 12.476 3.830 12,545 12,476 Expenditure Expenditure on raising fund5". Costs of other trading aclivrtie5 ExpenditLtre on charitable a¢lwities Total expenditure 288 9.972 621 9,833 9,833 10.453 621 10.453 10,260 Net Income 16,cK)31 2.092 2.216 Transfers between fund5 (6.4961 6.496 Net movement in funds 1.598 493 2.092 2,216 Reconciliation of funds Total funds brought forward Total funds carried forward 14.558 14.558 12,342 16,156 493 16.649 14.558 The statement of financial achvTties includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclsvrties. The notes on pages 7 to 12 form part of these finon¢lal statements.
LOC FOUNDATION Statement of Financial Position 31 December 2024 2024 2023 Note Current assets Cash al bank and in hand 17.556 15.709 Creditors- amounts falling due within one year Net current assets 11 1.151 16,650 14.558 Total assets less current liabilities 16,650 14,558 Net assets 16,650 14,558 Funds ofthe ¢harity Reslricled funds Unreslri¢led funds 493 16.156 14.558 Total charity funds 12 16,649 14.558 These financial slalemenls were approved by the board of Irustees and aulhorised for issue on 8 May 2025. and are soned on behalf of the board by.. Mr S Ahmed Trustee The notes on pages 7 to 12 form part of these financial statements.
LOC FOUNDATION Statement of Cash Flows Year ended 31 December 2024 2024 2023 Cash flows from operating activities Nel income 2,092 2.216 Adjustments for. Interest payable ar srmilar charges 20 27 Changes in." Trade 2nd other credtiors 12451 1.867 Cash generated from operatS 2.243 Interest paid Nel cash from operating 8elMties {201 1271 2.216 1,847 Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 1.847 15.709 2,216 13,493 17.556 15,709 The note5 on pages 7 to 12 fom) part ofthese financial slaternents.
LOC FOUNDATION Notes to the Financial Statements Year ended 31 December 2024 General information The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 18 Chestnut Walk. Watford. WD24 6NS, England. Statement of ¢omplian¢e These financ&al statements have been ppared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ifeland,. the Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accoidance wilh the Financial Reporting Standard applicable in the UK and Republt of Ireland IFRS 1021 {Charities SORP IFRS 10211 and the Charittes Act 2011. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and Irdbilities and inveslment properties measured al fair value through income or expendtture. The financial slalemenls are prepared in steding. whh is the functional currency of the entity. Going concern There are no material uncertainties atQLrt the charitys ability lo continue. Judgements and kèy sources of estimation uncertainty There are no material uncertainties about the charty's ability lo continue. Fund accounting Unrestricted funds are avaikble for use at the discretion of the trustees to further any of the charity's purposes. Designated funds a unrestricted funds eamiarked by the Iruslees for particular future prqect or commiimenl. Reslricled funds are subjected lo restriclilws on their expenditure declared by the donor or through the lemis of an appeal, 8nd fall into one of tsvo sub-classes.. restricted income fund5 or endowment funds.
LOC FOUNDATION Notes to the Financial Statements fcontinued) Year ended 31 December 2024 Accounting policies {witin Incoming resources All incoming resources are included in the slalement of financial activities when entitlement has passed lo the chartty". il is probable that the economic benefits aS50ciated with the trarisaclion will flow lo the charily and Ihe amotjnl can be relBbly measured. The following Spec1¢ policies are applied lo particular categories of income.. income from donations or granls is recogni8ed en Ihere is evidence of enlittemenl lo the gift. receipt is probable and its amounl can be measured reliably. legacy income is recognised when rerapt F5 probable and entiuemenl is established. income from donated goods is measured al the fair value of the goods unless this is impractical to measure reliably. in which case the walue is der5ved from the cost lo the donor or the estimated resale value. Donated facilities and service5 are recogni5ed in the accoun15 when received rf Ihe value can be reliabty measured. No amounts are included for Ihe contribution of general volunteers. income from contracts for the suppty of semces is recognised with the delivery of the contracted servi. This is classrfied as unreslftcled funds unless there is a conlraclual requirement for it to be spent on a particular purpose and returned if unspent. in which case it may be regarded as reStted. Resour¢es expended Expenditure 15 recognised on an acuuals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be ful recovered, and is classified under headings of the statement of financial 8clivilies to which it relales.. expenditure on raising funds includes the costs of all lundraising aclivÈlies. events. non- haritable trading activilies, and the sale of donated goods. expenditure on charitable aclNities includes all costs incurred by a charity in undertaking activities that further its charttable aims for the benefit of its beneficiaries, including Ih05e support costs and costs relating to the governance of the charity apportioned lo charitable aCliwt$. other experKliture includes all expenditu Ihal is neiiher related lo raising funds for the charity nor part of ils expendiéure on chariiable actNrties. All costs are allrKale(I lo expenditure categorie5 refiecting the use of the resource. Difecl costs attributable lo a single 8CtMty are allocated directty to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable. justrfiable and ¢onsislenl basis. Financial instruments A financial asset or a financial liabilty 1$ recognised only when the charity becomes a paty lo the contractual provisions of the inslrumenl. Basic financk?l instruments are initialty recognised al the amount receNable or payable ineluding any related Iransaeth)n eosts.
LOC FOUNDATION Notes to the Financial Statements (¢ontlnuedJ Year ended 31 December 2024 Accounting policies {COnlintsÈ Financial instruments fcon&nuedJ Cuffent assets and curreni liabilrtie5 are subsequentty measured at the cash or other C0115ideration expected lo be pawl or received and not discounted. Debt instruments are subsequently measured al amortised cosl. Where investments in shares are publicty traded or Iheir fair walue can otherwise be measured reliably, the investment Is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other sLh investments are subsequenlty measured at cost less impairment. Other financial instruments. induding derivalwes. are H)itially reccvjnised al fair value. unless payment for an asset is deferred beyond normal business ternis or financed al a rale of interest that is not a market rate. in which case the asset is measured al the present value of the future payments discounted al a market rate of interesl for a similar debt instrument. Other financial instruments are subsequenlty measured al fair value, wf(h any changes recognised in the slalement of financial activities. wlh the excepb.on of hedging instruments in a designated hedging relalionship. Financial assets Ihat are measured at cost or amortised cost are reviewed for objective evidence of impaiment at the end of each reporting dale. If there is objeclive ewdence of impairment. an impairment loss is recognised under the appropriate heading in the statement of financial activit$ in which the inrtj.al gain was recognised. For all equty instruments regardless of significan. and other financial assets Ihal are individually significant. these are assessed indNidually for impaTment_ Other financial assets are either assessed indivtdually or grouped on the basis ol similar credit risk charactenstiCS. Any reversals of impairment are recoJnised imme(lialely, lo the extent that the reversal does not result in a car.ng amount of the financial asset that exceeds what the carrwng amount would have been had the impairment not previousty been recognised. Donations and legacies Unfeslricted Funds Restricted Total Funds Funds 2024 Donations Donatk)ns 6,567 3.830 10,397 Gifts HMRC Gift Aid 2,148 2,148 12.545 8.715 3.830 Unreslncled Funds Restricted Total Funds Funds 2023 Donations Donations 8.412 2,750 11,162
LOC FOUNDATION Notes to the Financial Statements {coniinuedJ Year ended 31 December 2024 Donations and legacies fcontinuedj Unfeslticted Funds Reslricl8Y Total Funds Funds 2023 Gifts HMRC Gift Aid 1,314 1.314 9.726 2.750 12,476 Costs of other trading activities UnreStrted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Costs of other trading activities - Adverttr"sing an¢J pUblty 288 288 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Charitable Activrties Support costs 9.833 9,833 620 621 621 9,833 10,453 Unrestricted Funds Restricted Total Funds FLtrnds 2023 Charitable Actiwties Support costs 369 779 8,824 9,193 779 1,148 8,824 9.972 Expenditure on charttable activities by activity type Aclivilies undertaken direcdy Support costs Total funds 2024 Total fund 2023 Charitable Activities Governance cosis 9,833 9.833 620 9,193 779 620 9.833 620 10,453 9.972 10
LOC FOUNDATION Notes to the Financial Statements f¢ontinuedJ Year ended 31 December 2024 Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements Other financial serytces 300 300 300 600 600 Staff costs The avefage head count of employees during the year was Nil12023.. Nill. No employee ieceived employee benefits of more than £60.000 during the year12023.' Nill. 10. Trustee muneratIon and expenses No salarS or wages have been paKI to employees. including the members of the committee. uring the year. The Twstees receNed no remuneration or expenses for acting as trustees. During the year the total of expense reimbursed lo the trustees. incurred in the course ol acting as members of the charity, amounted lo £Nil_ 11. Creditors= amounts falling due within one year 2024 2023 Trade creditors Accruals and defeffed inccfne 306 600 551 600 1,151 12. Analysls of charitable funds Unrestricted funds At 31 December 2024 At 1 January 2024 Income Expendiluie Transfers General funds 14,558 8,715 16211 16,4961 16.156 At 31 December 2023 At 1 January 2023 Income Expenditure Tr8nsfers General funds 12,342 9.726 11.4361 16,0741 14,558 11
LOC FOUNDATION Notes to the Financial Statements (etsitrtinvedy Year ended 31 December 2024 12. Analysis of charitable funds fcontsnved) Restricted funds At 31 December 2024 At 1 January 2024 Income ExpendEiure Transfers Reslricled Fund 1 - desc in alcs 3.830 19.8331 6,496 493 At 31 December 2023 At 1 January 2023 Income Expenditure Tran5fer5 Reslricled Fund 1 desc in alcs 2,750 (8,8241 6.074 13. Analysis of net assets between funds Unreslricted Total Funds Funds 2024 Cuffent assets 16.650 16.65D Unrestricted Total Funds Funds 2023 Tangible fsxed assets CUrn1 assets 14.558 14,558 14,558 Net assets 14,558 14. Financial instruments The carrwng amount for each Category of financBI instrument is as follows.. 2024 2023 Financial assets measured at fair value through income and expenditure Financial asseis measured at fair value through income and expenditure 17.556 15,708 15. Analysis of changes in net debt At At 1 Jan 2024 Cash flows 31 Dec 2024 Cash al bank and in hand 15,709 1,847 17.556 12