2025-06-30-accounts - Upsign Network

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1192756

CHARITY REGISTRATION NUMBER

UPSIGN NETWORK

TRUSTEES’ REPORTS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 JUNE 2025

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 2025

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 2025

The trustees present their report and the financial statements of the charity for the year ended 30 June 2025.

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 2025

The report of the trustees for the year ended 30 June 2025

Introduction

The trustees present their annual report and accounts for the year ended 30 June 2025.

There have been expenditures of £12,994 and income of £13,320 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 £12,994 and total income generated was £13,320 during the year ending 30 June 2025.

UPSIGN NETWORK TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 30 JUNE 2025

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

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

Dr Khalid Mahmood Trustee

14 Apr 2026

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

Date:

UPSIGN NETWORK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 30 JUNE 2025

		Unrestrict ed Funds	Restricte d Funds	Total Funds	Unrestri cted Funds	Restric ted Funds	Total Funds
		---------------2025------------			---------------2024------------
		£	£	£	£	£	£
	Notes
INCOMING RESOURCES
Incoming resources from
generating funds:
Voluntary income	2	13,320	-	13,320	7,540	-	7,540
Interest income	3	-	-	-	-	-	-
TOTAL INCOMING RESOURCES		13,320	-	13,320	7,540	-	7,540
RESOURCES EXPENDED
Charitable activities	4	-	-	-	-	-	-
Support cost of charitable activities	5	1,198	-	1,198	950	-	950
General administrative expenses	5	11,796	-	11,796	5,612	-	5,612
TOTAL RESOURCES EXPENDED		12,994	-	12,994	6,563	-	6,563
NET INCOMING/ OUTGOING
RESOURCES			-
FOR THE YEAR		326		326	977	-	977
RECONCILIATION OF
FUNDS
Total funds brought forward		2,588	-	2,588	1,611	-	1,611
NET INCOMING/ OUTGOING
RESOURCES		326	-	326	977	-	977
FOR THE YEAR
TOTAL FUNDS CARRIED FORWARD		2,914	-	2,914	2,588	-	2,588

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 2025

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	2025 £ 2,914 2,914 - 2,914 2,914 2,914 326 2,588 2,914	2024 £ 2,588
		2,588 -
		2,588
		2,588
		2,588
		977 1,611
		2,588

14 Apr 2026

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 2025

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 ---------------2025-------------- £ £ 13,320 13,320 - - 13,320 13,320	Unrestricted Funds Total -------------2024------------- £ £ 7,540 7,540 - -
		7,540 7,540

3. INVESTMENT INCOME

Bank deposit interest received RESOURCES EXPENDED	Unrestricted Funds Total -------------2025-------------- £ £ - -	Unrestricted Funds Total ---------------2024-------------- £ £
		- -

4. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE

	Unrestricted		Unrestricted
	Funds		Funds
	-------------2025-------------		----------2024----------
	£	£	£	£
Direct charitable costs	-	-	-	-
Other	-	-	-	-
Total	-	-	-	-

UPSIGN NETWORK NOTES TO THE FINANCIAL STATEMENTS ( continued ) FOR THE YEAR ENDING 30 JUNE 2025

5. GOVERNANCE COSTS

Support cost of charitable activities Printing and publications Travel General administrative expenses Other administrative expenses Total governance costs	Unrestricted Funds Total ------------2025-------------- £ £ - - 11,796 11,796 - 1,198 1,198 12,994 12,994	Unrestricted Funds Total --------------2024------------- £ £ - - 5,613 5,613 950 950
		6,563 6,563

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	2025 £ -	2024 £
		-