## **PAIGHAM TRUST**
**CHARITY NO: 1192892 FINANCIAL STATEMENTS FOR THE YEAR ENDED 15 OCTOBER 2024**
## **PAIGHAM TRUST**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 15 OCTOBER 2024**
## **INDEX TO FINANCIAL STATEMENTS**
## **PAGE REF**
1 Trustees Report
2 Independent Examiners Report 3-6 Financial Statements and Note
## **PAIGHAM TRUST FINANCIAL STATEMENTS FOR**
## **THE YEAR ENDED 15 OCTOBER 2024**
## T **USTEES ANNUAL REPORT**
The Trustees peruse the annual report and financial statements for the year ended 15 October 2024
Charity Name: - Paigham Trust Principal Address of Charity: - 93 Greenhill lane Bradford BD3 8DZ
## **OBJECTS OF THE CHARITY**
“To advance the Islamic faith for the public benefit throughout the UK through the provision of educational programmes and books.” “The relief and assistance of people in any part of the world who are the victims of natural disasters, trouble or catastrophe in particular by providing financial assistance and/or goods and services.”
## **NAMES OF THE TRUSTEES**
The trustees of the charity are as follows: -
1. Mahmood Ul Hassan Yazdani
2. Salah Ud Din
3. Mohammed Abdul Hadi
4. Hafiz Hamood-UR-Rehman
5. Mahmood Hussain
The trustees are volunteers who serve in office for a period determined by general meeting. The trustees generally give their time freely and receive no remuneration or other benefits. Please see page 4.
## **STRUCURE GOVERNANCE & MANAGEMENT**
## **ORGANISED STRUCTURE**
The trustees meet at regular intervals and are responsible for all decisions in relation to the running of the charity.
## **RECRUITMENT OF TRUSTEES**
The existing trustees are responsible for the recruiting of new trustees but in doing so the trustees seek the views and recommendations of others.
## **RISK MANAGEMENT**
The trustees seek to take no risks with the running of the charity and the finances of the charity are kept under constant review.
## **ACTIVITIES & ACHIEVEMENTS**
The Charity has pursued its objectives during the period of advance the Islamic faith for the public benefit throughout the UK through the provision of educational programmes through the Tv channel. Further the charity has printed Ten thousand of Quran to distribute to the public worldwide. Furthermore, the food and assistance were given to people who were affected by flood in India.
## **DECLARATION**
I declare in my capacity of charity chairperson that the trustees have approved the above report and have authorised me to sign it on their behalf.
Abdul hadi
## **Mohammed Abdul Hadi**
**Dated: 1 Dec 2024**
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## **REPORT TO THE TURSTEES AND MEMEBERS OF PAIGHAM TRUST**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 15 OCTOBER 2024**
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is our responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145 (5)(b) of the Act); and
-
to state whether particular matters have come to our attention.
## **Basis of independent examiner’s statement**
Our examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statements below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act, and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
**…………………………………..**
## Abdul hadi
## **Mohammed Abdul Hadi**
**Dated: 1 Dec 2024**
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## **PAIGHAM TRUST**
## **ACCOUNTING STATEMENT STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 15 OCTOBER 2024**
## **INCOME RESOURCES**
|**NOTES**
**Incoming Resources**
Donations
Rent
**Total Incoming Resources**
**RESOURCES EXPENDED**
Charitable Expenditure
(2ai)
**Total Resources Expended**
**Net Movement in Funds**||**UNRESTRICTED**|
|---|---|---|
|||**FUNDS**
**2024**
**£**
14520
-
14520
14530
14530
**(10)**|
||
||
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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## **BALANCE SHEET AS AT 15 OCTOBER 2024**
## **NOTES**
|**CURRENT ASSETS**
Cash at Bank & in Hand
**CURRENT LIABILITIES**
Trade Creditors
**TOTAL NET CURRENT ASSETS**
**LESS CURRENT LIABILITIES**
**NET ASSETS**
**REPRESENTED BY: INCOME**
**FUNDS**
**Unrestricted Funds**
Funds brought forward
Deficit for Year|**2024**
**£**
0
(10)|
|---|---|
||
(10)|
||**(10)**|
||0
0|
||**0**|
The financial statements were approved by the trustees 1 Dec 2024
Abdul hadi
**Mohammed Abdul Hadi**
**Dated: 1 Dec 2024**
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**NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 15 OCTOBER 2024**
## **ACCOUNTING POLICIES**
**1.**
**(a) Basis of accounting**
These accounts have been prepared in accordance with accounting standards, Accounting, and Reporting by Charities Statement of Recommended Practice (SORP 2005) and the Charities Act 2011.
## **2. EXPENDITURE**
## **(a) Analysis of Resources Expended**
## **i) Charitable Expenditure**
**2024**
Total 14530
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## **NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 15 OCTOBER 2024 CONT….**
## **3. TRUSTEES AND OTHER RELATED PARTIES**
No payments were made to trustees or other related parties for reimbursement of out-of-pocket expenses incurred by them.
## **4. CONTINGENT LIABILITIES**
No material liabilities existed at the year-end.
## **5. DECLARATION**
## **(a) Charges in Year End**
The trustees have established 15 October as the financial year-end date.
## **(b) Designated Funds**
The Charity does not have any designated funds.
## **(c) Discontinued, Continuing and Acquired Operations**
All the charities operations are continuing operations and there were no operations Discontinued or acquired during the year.
## **(d)**
## **Inalienable or historic Assets**
The charity has no assets at the balance sheet dated classed as inalienable or historic.
## **(e) Intangible Assets**
The charity has no intangible assets.
## **(f) Subsidiaries**
The charity has no subsidiary companies
## **(g) Uncapitalised Fixed Assets**
The charity has no material fixed assets, which have not been capitalised and Included on the balance sheet
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