Charity registration number: 1192586
BAK FOUNDATION TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Watergates Chartered Certified Accountants & Registered Auditors Watergates Building, 109 Coleman Road Leicester LE5 4LE
BAK Foundation Contents
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6—8 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 9 |
BAK Foundation Reference and Administrative Details For The Year Ended 31 December 2024
| Trustees | B A Khan - Chair |
|---|---|
| N Khan - Trustee | |
| C J Wain - Trustee | |
| M E Wain - Trustee | |
| A D Cullum - Trustee | |
| M S Bajwa - Trustee | |
| Charity Number | 1192586 |
| Independent Examiner | Nazir Malida FCCA |
| Watergates | |
| Chartered Certified Accountants & Registered Auditors | |
| Watergates Building, 109 Coleman Road | |
| Leicester | |
| LE5 4LE |
Page 1
BAK Foundation Trustees' Report For The Year Ended 31 December 2024
The trustees present their report and the financial statements for the year ended 31 December 2024.
Objectives and Activities
Aims and Objectives
Objectives and Aims
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1.To provide capital, training and funding to those communities that would otherwise lack resource andopportunity.
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2.To relieve financial hardship, distress, and suffering amongst the poor, destitute, homeless andothers inneed of support. 3. To make grants for items, equipment, services, and facilities including the provision of food, other basic necessities and costs of attending schools for the benefit of said persons.
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To assist in the provision of any charitable service to said persons when the opportunity is presented.
Significant Activities
Significant activities
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Bradford Fire Station, Fire Fighters 56 for 56 Campaign, raising money for the Bradford City fire disaster
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Annual charity bike ride for Mental Health Day and awareness.
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Hope Rises, charity ladies event raising money for Gaza.
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Supported Local charity Give a Gift's Ladies event with Raffle and Prizes
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Provided Ramadan food packs in partnership with local Charity Give a Gift.
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Provided Eid gift packs for the destitute and Asylum Seekers
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Provided clothes and food packs for the homeless and destitute
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Christmas Toy appeal, donation of toys for Christmas to a local school in Leeds.
Achievements and Performance
Main Achievements
BAK foundation were able to provide significant aid to various persons in need of support through their determined efforts.
Financial Review
Financial Position
BAK Foundation has demonstrated that it is an effectively run organisation with overall surplus funds. The charity had a net surplus of £51,067.62 (2023: £63,941.45).
Future Plans
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.
Structure, Governance and Management
Governing Document
The charity is controlled by its governing document, a deed of trust and constitutes an incorporated organisation.
The trustees' report was approved by the board of trustees and signed on its behalf by:
B A Khan Trustee 27th October 2025
Page 2
BAK Foundation Independent Examiner's Report to the Trustees of BAK Foundation For The Year Ended 31 December 2024
I report to the trustees on my examination of the accounts of BAK Foundation (the Trust) for the year ended 31 December 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 the 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:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and contents 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 21st October 2025 Watergates Building, 109 Coleman Road Leicester LE5 4LE
Page 3
BAK Foundation Statement of Financial Activities For The Year Ended 31 December 2024
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 2 EXPENDITURE ON: Raising funds 3 Charitable activities: 3 Support costs Other NET (EXPENDITURE)/INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 7 |
2024 Unrestricted funds £ 23,493 |
2023 Unrestricted funds £ 23,744 |
|---|---|---|
| (29,957) (2,514) (3,895) |
(15,456) (3,163) (1,838) |
|
| (36,366) | (20,457) | |
| (12,873) | 3,287 | |
| (12,873) 63,941 |
3,287 60,654 |
|
| 51,068 | 63,941 |
The notes on pages 6 to 8 form part of these financial statements.
Page 4
BAK Foundation Statement of Financial Position As At 31 December 2024
| Notes CURRENT ASSETS Cash at bank and in hand NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 7 On behalf of the board B A Khan Trustee 27th October 2025 |
2024 Unrestricted funds £ 51,068 |
2023 Total funds £ 63,941 |
|---|---|---|
| 51,068 51,068 |
63,941 63,941 |
|
| 51,068 | 63,941 | |
| 51,068 | 63,941 | |
| 51,068 | 63,941 | |
| 51,068 | 63,941 | |
The notes on pages 6 to 8 form part of these financial statements.
Page 5
BAK Foundation Notes to the Financial Statements For The Year Ended 31 December 2024
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements 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 charity is a Public Benefit Entity as defined by FRS 102.
1.2. 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.
1.3. Incoming Resources
All income is recognised in the Statement of Financial Activities once the charity has entitlement to thefunds, it is probable that the income will be received and the amount can be measured reliably
1.4. Resources Expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligationcommitting the charity to that expenditure, it is probable that a transfer of economic benefitswill berequired in settlement and the amount of the obligation can be measured reliably. Expenditure isaccounted for on an accruals basis and has been classified under headings that aggregateall cost
related to the category. Where costs cannot be directly attributed to particular headings they have beenallocated to activities on a basis consistent with the use of resources.
1.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
1.6. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
2. Income from Donations and Legacies
| 2024 | 2023 | |
|---|---|---|
| Unrestricted | Unrestricted | |
| funds | funds | |
| £ | £ | |
| Donations and gifts | 23,493 | 23,744 |
Page 6
BAK Foundation Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
3. Analysis of Expenditure
| Raising funds Support costs Raising funds Support costs . Support Costs Employee costs General administration Employee costs General administration |
Activities undertaken directly £ 21,575 - |
Support costs (see note 4) £ 8,382 2,514 |
2024 Total £ 29,957 2,514 |
|---|---|---|---|
| 21,575 | 10,896 | 32,471 | |
| Activities undertaken directly £ 15,455 - |
Support costs (see note 4) £ 1 3,163 |
2023 Total £ 15,456 3,163 |
|
| 15,455 | 3,164 | 18,619 | |
| Raising funds £ - 8,382 |
Support costs £ 2,388 126 |
2024 Total £ 2,388 8,508 |
|
| 8,382 | 2,514 | 10,896 | |
| Raising funds £ - 1 |
Support costs £ 3,125 38 |
2023 Total £ 3,125 39 |
|
| 1 | 3,163 | 3,164 |
4. Support Costs
5. Staff Costs
Staff costs were as follows:
| taff costs were as follows: | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages and salaries | 2,388 | 3,125 |
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
- Average Number of Employees
Average number of employees during the year was: NIL (2023: )
Page 7
BAK Foundation Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
7. Movement in Funds
| . Movement in Funds |
||||
|---|---|---|---|---|
| Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 January 2024 £ 63,941 |
Income £ 23,493 |
Expenditure £ (36,366) |
As at 31 December 2024 £ 51,068 |
| 63,941 | 23,493 | (36,366) | 51,068 | |
| As at 1 January 2023 £ 60,654 |
Income £ 23,744 |
Expenditure £ (20,457) |
As at 31 December 2023 £ 63,941 |
|
| 60,654 | 23,744 | (20,457) | 63,941 |
8. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
9. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
Page 8
BAK Foundation Detailed Statement of Financial Activities For The Year Ended 31 December 2024
| INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts EXPENDITURE ON: Raising funds Donations Printing, postage and stationery Computer software, consumables and maintenance Advertising and marketing costs Sundry expenses Charitable Activities: Support costs Wages and salaries Bank charges Other Other expenditure type A NET (EXPENDITURE)/INCOME |
2024 Total funds £ 23,493 |
2023 Total funds £ 23,744 |
|---|---|---|
| 23,493 | 23,744 | |
| 23,493 (21,152) (423) (14) (8,368) - |
23,744 (14,893) (562) - - (1) |
|
| (29,957) (2,388) (126) |
(15,456) (3,125) (38) |
|
| (2,514) (3,895) |
(3,163) (1,838) |
|
| (3,895) | (1,838) | |
| (36,366) | (20,457) | |
| (12,873) | 3,287 |
Page 9