**REGISTERED CHARITY NUMBER: CE022879** ## **TRUSTEES' REPORT AND** ## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **FOR** ## **BAK FOUNDATION** Watergates Ltd 109 Coleman Road Leicester LE5 4LE **BAK FOUNDATION** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** **----- Start of picture text -----**
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Trustees' Report 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Statement of Financial Position 6
Notes to the Financial Statements 7 to 8
Detailed Statement of Financial Activities 9
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**BAK FOUNDATION** **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022** The trustees present their report with the financial statements of the charity for the year ended 31st December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Policy on grant making** o All trustees involved in decisions. o Donations to be made to charitable companies, destitute and those companies and individuals in need. o All decisions to be confirmed by trustees. ## **Policy on social investments** o Our contribution is towards a better world and a more sustainable future. In order to provide capital, training and funding to these communities that would otherwise lack resource and opportunity. ## **Contribution summary of volunteers** o All volunteers are unpaid o All volunteers equally contribute and are approved and supervised by the trustees. ## **Achievements against objectives and Goals** o Makes grants to individuals o Makes grants to organisations o Relieving financial hardship, distress and suffering among homeless and poor families o Making grants for items, equipment's, services and facilities o See table of activity above. -1- **BAK FOUNDATION** **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **OBJECTIVES AND ACTIVITIES** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Main Activities|-2022| |Dates|Activities|Beneficiaries|Event|Amount| |Raise money| |Forget Me not|for Forget me| |Ladies only charity|Childrens Hospice|not children's| |20 January 2022|evening|(FMN)|hospice|£5718| |Fundraising for| |forget me not| |Forget me not|childrenshospi| |14 April 2022|Eid treat boxes|childrens hospice|ce| |580 back to| |school packs| |given to| |Back to school|Early years KSl and|thelocal| |8 July 2022|packs|KS2 in our local area|schools| |Annual Charity| |Bike Ride - The|Leeds mind and Forget|Bike ride|£3771| |11 September|York Minister|Me Not Children's|where riders|(FMN)£1500| |2022|Challenge|Hospice (FMN)|rode l 00 miles|(Leeds Mind)| |Stalls were set| |Annual Charity|up to raise| |Bike Ride - The|funds| |21 September|York|forPakistan| |2022|MinisterChallenge|Fundraising|floods|£250| |Fundraising for Forget| |Christmas Raffle-|Me Not|Advent| |1 November 2022|Advent Calender.|ChildrenHospice|Calender| |Hamper| |packswere| |made and| |distributed to| |schools,| |childrens| |23 December|Winter Hamper|Collaborated with Give|centres and| |2022|packs|a Gift Leeds|partner| |Toys donated| |to the| |childrens ward| |Partnership with|at Leeds| |24 December|Christmas toy|SnapFitness (leeds|General| |2022|appeal|oakwood)|lnfirmary| |Principle source of funds:| |o Fundraising events| |o Trustee donations| |o Public donations.| **----- End of picture text -----**
## **Principle Risks:** There are no principal risks facing the charity ## **FINANCIAL REVIEW** ## **Financial Objective** To maintain momentum and continue the work which has been itemised. To raise between £5,000 - £10,000 per annum to be redeployed into objectives of the charity. -2- **BAK FOUNDATION** **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. The charity is run with up-to-date compliance with the relevant legislation regulations. It promotes a culture where everyone works towards fulfilling the charities vision. The trustees ensure that high standards of governance are adhered to. The trustees ensure that there is unanimous decision always making within the foundation on events and charitable donations maintaining high ethical standards. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** CE022879 ## **Principal address** ## **Trustees** Mr B A Khan Mrs N Khan Mr C J Wain Mrs M E Wain Mr A D Cullum Mr M S Bajwa ## **Independent Examiner** Watergates Ltd 109 Coleman Road Leicester LE5 4LE Approved by order of the board of trustees on 25th February 2024 and signed on its behalf by: Mr C J Wain - Trustee -3- **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BAK FOUNDATION** ## **Independent examiner's report to the trustees of BAK Foundation** I report to the charity trustees on my examination of the accounts of BAK Foundation (the Trust) for the year ended 31st December 2022. ## **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** 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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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 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. Nazir Malida FCCA Watergates Ltd 109 Coleman Road Leicester LE5 4LE 25th February 2024 -4- **BAK FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022** |**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies|**Unrestricted**
**fund**
**£**
**88,566**| |---|---| |**EXPENDITURE ON**
Raising funds
2|**37,363**| |**NET INCOME**|**51,203**| |**TOTAL FUNDS CARRIED FORWARD**|**51,203**| The notes on page 0 form part of these financial statements -5- **BAK FOUNDATION** ## **STATEMENT OF FINANCIAL POSITION 31ST DECEMBER 2022** |**Notes**
**CURRENT ASSETS**
Cash at bank|**Unrestricted**
**fund**
**£**
**51,203**| |---|---| |**NET CURRENT ASSETS**|**51,203**| |**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**|**51,203**| |**NET ASSETS**|**51,203**| |**FUNDS**
4
Unrestricted funds|**51,203**| |**TOTAL FUNDS**|**51,203**| The financial statements were approved by the Board of Trustees and authorised for issue on 25th February 2024 and were signed on its behalf by: Mr B A Khan - Trustee The notes on page 0 form part of these financial statements -6- **BAK FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **1. ACCOUNTING POLICIES** ## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **INCOME** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **EXPENDITURE** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **TAXATION** The charity is exempt from tax on its charitable activities. ## **FUND ACCOUNTING** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. RAISING FUNDS** ## **RAISING DONATIONS AND LEGACIES** |Donations
Support costs|**£**
**25,867**
**11,496**
**37,363**| |---|---| -7- **BAK FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st December 2022. ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 31st December 2022. ## **4. MOVEMENT IN FUNDS** |**Net**
**movement**
**At**
**in funds**
**31.12.22**
**£**
**£**
**Unrestricted funds**
General fund
**51,203**
**51,203**| |---| |**TOTAL FUNDS**
**51,203**
**51,203**| Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund|**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**
**88,566**
**(37,363)**|**Movement**
**in funds**
**£**
**51,203**| |---|---|---| |**TOTAL FUNDS**|**88,566**
**(37,363)**|**51,203**| ## **5. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st December 2022. -8- **BAK FOUNDATION** **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022** **£** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Donations
**Support costs**
**Finance**
Postage and stationery
Bank charges
Other costs
Total resources expended
**Net income**|**88,566**
**88,566**
**25,867**
**283**
**118**
**11,095**
**11,496**
**37,363**
**51,203**| |---|---| This page does not form part of the statutory financial statements -9-