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2023-06-30-accounts

1192756

CHARITY REGISTRATION NUMBER

UPSIGN NETWORK

TRUSTEES’ REPORTS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 JUNE 2023

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 2023

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 2023

The trustees present their report and the financial statements of the charity for the year ended 30 June 2023.

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

UPSIGN NETWORK TRUSTEES ANNUAL REPORT YEAR ENDED 30 JUNE 2023

The report of the trustees for the year ended 30 June 2023

Introduction

The trustees present their annual report and accounts for the year ended 30 June 2023.

There have been expenditures of £4,469 and income of £3,500 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 £4,469 and total income generated was £3,500 during the year ending 30 June 2023.

UPSIGN NETWORK TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 30 JUNE 2023

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:

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

...................................

Dr Khalid Mahmood Trustee

30 Apr 2024

...................................

Date:

UPSIGN NETWORK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 30 JUNE 2023

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
5
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
Unrestricted
Funds
Restricted
Funds
Total
Funds
---------------2023------------
---------------2022------------
£
£
£
£
£
£
3,500
-
3,500
5,470
-
5,470
-
-
-
-
-
-
3,500
-
3,500
5,470
-
5,470
-
-
-
-
-
-
3,448
-
3,448
1,871
-
1,871
1,021
-
1,021
1,019
-
1,019
4,469
-
4,469
2,890
-
2,890
(969)
-
(969)
2,580
-
2,580
2,580
-
2,580
-
-
-
(969)
-
(969)
2,580
-
2,580
1,611
-
1,611
2,580
-
2,580		 Unrestricted
Funds
Restricted
Funds
Total
Funds
Unrestricted
Funds
Restricted
Funds
Total
Funds
---------------2023------------
---------------2022------------
£
£
£
£
£
£
3,500
-
3,500
5,470
-
5,470
-
-
-
-
-
-
3,500
-
3,500
5,470
-
5,470
-
-
-
-
-
-
3,448
-
3,448
1,871
-
1,871
1,021
-
1,021
1,019
-
1,019
4,469
-
4,469
2,890
-
2,890
(969)
-
(969)
2,580
-
2,580
2,580
-
2,580
-
-
-
(969)
-
(969)
2,580
-
2,580
1,611
-
1,611
2,580
-
2,580
5,470
-
5,470
-
-
-
1,871
-
1,871
1,019
-
1,019
2,890
-
2,890
2,580
-
2,580
-
-
-
2,580
-
2,580
2,580
-
2,580

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.

UPSIGN NETWORK BALANCE SHEET AS AT 30 JUNE 2023

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 brought forward
TOTAL FUNDS		 2023
£
1,611
1,611
-
1,611
1,611
1,611
(969)
2,580
1,611		 2022
£
2,580
2,580
-
2,580
2,580
2,580
2,580
-
2,580

30 Apr 2024 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.

UPSIGN NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 JUNE 2023

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
---------------2023--------------
£
£
3,500
3,500
-
-
3,500
3,500		 Unrestricted
Funds
Total
-------------2022-------------
£
£
5,470
5,470
-
-
5,470
5,470

3. INVESTMENT INCOME

Bank deposit interest received Unrestricted
Funds
Total
-------------2023--------------
£
£
-
-		 Unrestricted
Funds
Total
---------------2022--------------
£
£
-
-

RESOURCES EXPENDED

4. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE

Unrestricted Total Unrestricted Total
Funds Funds
-------------2023------------- ----------2022----------
£ £ £ £
Direct charitable costs - - - -
Other - - - -
Total - - - -

UPSIGN NETWORK NOTES TO THE FINANCIAL STATEMENTS ( continued ) FOR THE YEAR ENDING 30 JUNE 2023

5. GOVERNANCE COSTS

Support cost of charitable
activities
Printing and publications
Travel and subsistence
General administrative expenses
Other administrative expenses
Total governance costs		 Unrestricted
Funds
Total
------------2023--------------
£
£
-
-
3,448
3,448
-
1,021
1,021
4,469
4,469		 Unrestricted
Funds
Total
--------------2022-------------
£
£
-
-
1,871
1,871
1,019
1,019
2,890
2,890

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 2023
£
-		 2022
£
-

Audit Trail

Document Details Document Details
Title Upsign Network - Annual accounts - June 2023
File Name Upsign Full Accounts YE 30.6.23.pdf
Document ID 557482da5cd2466386760eb29f39c51
Fingerprint b69d0e9f5480ac294225fc6bba094cd4
Status Completed
Document History
Document Created
Document Created by AccounTax Zone (staf@accountaxzone.com)
Fingerprint: 680746bab0cf1c6c595dd92d9d5279a8		 30 Apr 2024
01:20PM UTC
Document Sent Document Sent to Dr Khalid Mahmood (khalidlodhra@yahoo.co.uk) 30 Apr 2024
01:20PM UTC
Document Viewed
Document Viewed by Dr Khalid Mahmood (khalidlodhra@yahoo.co.uk)
IP: 82.3.90.38		 30 Apr 2024
01:40PM UTC
Document Signed by Dr Khalid Mahmood (khalidlodhra@yahoo.co.uk)
IP: 82.3.90.38
Document Signed 30 Apr 2024
01:40PM UTC
Document This document has been completed. 30 Apr 2024
Completed Fingerprint: b69d0e9f5480ac294225fc6bba094cd4 01:41PM UTC