**1192756**
**CHARITY REGISTRATION NUMBER**
## **UPSIGN NETWORK**
**TRUSTEES’ REPORTS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 JUNE 2022**
## **ACCOUNTAXZONE LIMITED**
Chartered Certified Accountants
& Business Advisors
20-22 Wenlock Road, London, England, N1 7GU
## **UPSIGN NETWORK**
## **TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 JUNE 2022**
|**CONTENTS**|**PAGE**|
|---|---|
|Reference and administrative details|1|
|Trustees’ Annual Report|2-3|
|Statement of Financial Activities|4|
|Balance sheet|5|
|Notes to the financial statements|6-7|
## **UPSIGN NETWORK REFERENCE AND ADMINISTRATIVE DETAILS YEAR ENDED 30 JUNE 2022**
The trustees present their report and the financial statements of the charity for the year ended 30 June 2022.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered charity name** UPSIGN NETWORK **Charity registration number** 1192756 **Principal office** 10 Penrith way Aylesbury HP21 7JZ **Trustees** Dr Jawwad Arshad Darr PhD Dr Khalid Mahmood Ms Nosheen Ramzan **Bankers** National Westminster Bank Plc Chatham Customer Service Centre, Waterside Court Chatham Maritime ME4 4RT
- 1 -
## **UPSIGN NETWORK TRUSTEES ANNUAL REPORT YEAR ENDED 30 JUNE 2022**
## **The report of the trustees for the year ended 30 June 2022**
## **Introduction**
The trustees present their annual report and accounts for the year ended 30 June 2022.
There have been expenditures of £2,890 and income of £5,470 during the year.
## **Name, registered office and constitution of the charity**
The full name of the charity is **UPSIGN NETWORK** .
## **The legal registration details are: -**
Date of formation 11 December 2020 The Registered Office is 10 Penrith way, Aylesbury, HP21 7JZ Charity Registration Number 1192756 The telephone number is 07508672210
## **OBJECTIVES AND ACTIVITIES**
## **The contribution of volunteers**
The charity has drawn upon the pool of volunteers without whom the level of work that we undertake would be significantly less.
## **Summary of main activities of the charity in relation to its objects**
Upsign Network was constituted under the governing document dated 11 December 2020. The objective of Upsign Network is to advance the education of the public in the subjects of science, technology, the humanities and such other academic disciplines as the trustees in their discretion think fit, including but not exclusively, by fostering networking and collaboration between universities and other institutions in the UK and Pakistan and by organising events, workshops and seminars.
The charity operates on a non-profitable basis.
## **Risk management**
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that the systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
## **FINANCIAL REVIEW**
There total expenditure incurred was £2,890 and total income generated was £5,470 during the year ending 30 June 2022.
- 2 -
## **UPSIGN NETWORK TRUSTEES ANNUAL REPORT** _**(continued)**_ **YEAR ENDED 30 JUNE 2022**
## **RESPONSIBILITIES OF THE TRUSTEES**
The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing 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 judgments and estimates that are reasonable and prudent;
- state whether applicable 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 operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed by order of the trustees
**----- Start of picture text -----**
...................................
**----- End of picture text -----**
Dr Khalid Mahmood Trustee
................................... 20 Apr 2023
Date:
- 3 -
## **UPSIGN NETWORK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 30 JUNE 2022**
|**Notes**
**INCOMING RESOURCES**
Incoming resources from
generating funds:
Voluntary
income
**2**
Interest income
**3**
**TOTAL INCOMING**
**RESOURCES**
**RESOURCES EXPENDED**
Charitable
activities
**4**
Support cost of charitable
activities
General administrative
expenses
**5**
**TOTAL RESOURCES**
**EXPENDED**
**NET INCOMING/ OUTGOING**
**RESOURCES**
**FOR THE YEAR**
**RECONCILIATION OF**
**FUNDS**
Total funds brought forward
NET INCOMING/ OUTGOING
RESOURCES
FOR THE YEAR
**TOTAL FUNDS CARRIED**
**FORWARD**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
--------------**-2022**------------
**£**
**£**
**£**
**5,470**
**-**
**5,470**
**-**
**-**
**-**
**5,470**
**-**
**5,470**
**-**
**-**
**-**
**-**
**-**
**-**
**2,890**
**-**
**2,890**
**2,890**
**-**
**2,890**
**2,579**
**-**
**2,579**
**-**
**-**
**-**
**2,579**
**-**
**2,579**
**2,579**
**-**
**2,579**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
---------------**2021**------------
**£**
**£**
**£**
-
-
-
-
-
-|
|---|---|---|
|||-
-
-|
|||**-**
**-**
**-**|
|||**-**
**-**
**-**
**-**
**-**
**-**|
|||**-**
**-**
**-**|
|||-
-
-|
|||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
- 4 -
## **UPSIGN NETWORK BALANCE SHEET AS AT 30 JUNE 2022**
|**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS: Amounts falling due within one year**
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted income funds
**TOTAL FUNDS**|**2022**
**£**
2,579
**2,579**
-
2,579
2,579
**2,579**
2,579
**2,579**|**2021**
**£**
-|
|---|---|---|
|||**-**
-|
|||-|
|||-|
|||**-**|
|||-
**-**|
These financial statements were approved by the member of the committee on the ___________ and are signed on their behalf by:
Dr Khalid Mahmood Trustee
**The notes on pages 6 to 7 form part of these financial statements.**
- 5 -
## **UPSIGN NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 JUNE 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, the Statement of Recommended Practice "Accounting and Reporting by Charities" issued in March 2005 (SORP 2005) and the Charities Act 2011.
## **2. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES**
|Voluntary income
Gift Aid
**Total**|**Unrestricted**
**Funds**
**Total**
**---------------2022--------------**
**£**
**£**
**5,470**
**5,470**
**-**
**-**
**5,470**
**5,470**|Unrestricted
Funds
Total
-------------2021-------------
£
£
-
-
-
-
-
-|
|---|---|---|
## **3. INVESTMENT INCOME**
|Bank deposit interest received|**Unrestricted**
**Funds**
**Total**
**-------------2022--------------**
**£**
**£**
**-**
-|Unrestricted
Funds
Total
---------------2021--------------
£
£
**-**
-|
|---|---|---|
## **RESOURCES EXPENDED**
## **4. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE**
|Direct charitable costs
Other
**Total**|**Unrestricted**
**Funds**
**Total**
**-------------2022-------------**
**£**
**£**
-
-
-
-
-
-|Unrestricted
Funds
Total
----------2021----------
£
£
-
-
-
-
-
-|
|---|---|---|
- 6 -
## **UPSIGN NETWORK NOTES TO THE FINANCIAL STATEMENTS (** _**continued**_ **) FOR THE YEAR ENDING 30 JUNE 2022**
## **5. GOVERNANCE COSTS**
|**Support cost of charitable**
**activities**
Printing and publications
Travel
**General administrative expenses**
Other administrative expenses
**Total governance costs**|**Unrestricted**
**Funds**
**Total**
**------------2022--------------**
**£**
**£**
**-**
**-**
**-**
**-**
-
**2,890.32**
**2,890.32**
**2,890.32**
**2,890.32**|Unrestricted
Funds
Total
--------------2021-------------
£
£
**-**
**-**
**-**
**-**
-
-
-
-|
|---|---|---|
## **6. STAFF COSTS AND EMOLUMENTS**
No employees were hired during the year and no payments were made in this respect during the year. The trustees worked voluntarily and did not receive any remuneration for their services.
## **7. CREDITORS: Amounts falling due within one year**
|Accruals|**2022**
£
-|**2021**
£
-|
|---|---|---|
- 7 -
4120r23. 12 30 PM
Print annual retum I ChaTity Cotnrnission
GOV.UK Ch
arity Commission
Charity Commission Annual Return 2022
UPSIGN NETWORK
Charity registration number:1192756
Most of the Information you glve in this form will become pubticly allable on the Reglster of Charltles.
Anyfleld that the Charlty Commission will not dispLaywiU be clearty marked.
Thls document Is a record of the Informatlon provlded In theAnnual Return 2022.
PART A- Charity information
Financial period
Flnanclal perlod start date
0110712021
Flnancial period end date
3010612022
Income and spending
Inwme £
£ 5.470
Spendlng £
£ 2.890
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Fundraising- professionalfundraiser
Did your charlty raisefunds from the public?
Government contracts
Durlng the financlal period forthis annual retum. did the charity receive income from
contracts (otherthan grant agreements)with centralgovernment or Io(21authorities?
No
Government grants
Durlng the financial perlod forthls annual retum. dld the charlty recelve Income from grants
from central government or local authorltles?
Incomefrom outsidethe UK
Dld your charlty recelve Incomefrom outsldethe UK ?
No
Spending outside England &Wales
Did your charity operate outside EngLand and Wales?
Total Spending outside England & Wales
Trading subsidiaries
Did the charity have any subsidiaries?
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Trustee payments
Did any of thetrustees receive any remuneration. payments or benefits from the charlty other
than refunds of legitimatetrustee expenses?
Dld any of the trustees resign and then up ernplrnent with the charlty?
Employees, salarles
Dld any ofyour charlty's staff recelvetots1empl0 benefits of £60.000 or more?
Select No If your charlty does not have any staff or does not pay any staff.
No
For your hlghest pald member of stsff only. whatwas thetOtsLdlue of thelremployee
benefits?
(For example If your highest paid member of staff reiVed £35,000 enter 35000). If you do
not have any staff or did not pay any staff. enter O (zero)
Volunteers
How many UKvolunteers, excludlng trustees. dldthe charfty have durfng the flnanclal perlod?
Financial controls
Did your charlty review Its internalfinanclalcontrols?
Yes
Safeguarding
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Has the charity obtained a standard. enhanced or enhanced with barred lists DBS check on
alltrustees. employees and volunteerswho are in rolesthat are eligible forthese checks?
SeLectYes if there are no trustees. employees orvolunteers in roles that are eligible forthese
types of DBS checks.
Yes
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## Audit Trail
## **Document Details**
**Title** Upsign Network - June 22 Accounts **File Name** Upsign Full Accounts YE 30.6.22 - V2.pdf, Annual Return 2022-Final.pdf **Document ID** fcdac0befe1e492198dd02def479dfb4 **Fingerprint** 8f876635c06925c4d8afb5f8a44b58a2 **Status** Completed
## **Document History**
|**Document Created**|Document Created by AccounTax Zone (ali.arshad@accountaxzone.com)
Fingerprint: 8ef1fd24a48c96fc6cabd1d12e114fac|20 Apr 2023
07:38AM UTC|
|---|---|---|
|**Document Sent**|Document Sent to Dr Khalid Mahmood (khalidlodhra@yahoo.co.uk)|20 Apr 2023
07:38AM UTC|
|**Document Viewed**|Document Viewed by Dr Khalid Mahmood (khalidlodhra@yahoo.co.uk)
IP: 82.3.90.38|20 Apr 2023
07:47AM UTC|
|**Document Signed**|Document Signed by Dr Khalid Mahmood (khalidlodhra@yahoo.co.uk)
IP: 82.3.90.38|20 Apr 2023
07:57AM UTC|
|**Document**|This document has been completed.|20 Apr 2023|
|**Completed**|Fingerprint: 8f876635c06925c4d8afb5f8a44b58a2|07:57AM UTC|