REGISTERED CHARITY NUMBER: 1194209
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31/12/2021
for
CHINAR AID UK
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CHINAR AID UK
Report of the Trustees FOR THE YEAR ENDED 31/12/2021
Charity Objectives
The prevention or relief of poverty of the kashmiri people based in Azad Kashmir and pakistan by providing food, medicine, clothing, educational resources and payment of tuition fees and medical bills.
ACHIEVEMENT AND PERFORMANCE:
CHINAR AID UK continues its dedication to serving orphans and widows and needy people by provding winter clothing, shoes and food packages to eligible families and individuals
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CHINAR AID UK
Report of the Trustees FOR THE YEAR ENDED 31/12/2021
Governance, administration and monitoring;
Monitoring of our work ensuring delivery in line with our charitable objects is carried out through an extensive paper trail for all projects along with monitoring visits carried out by staff to the areas of need. These trips include an assessment of the quality of delivery to our beneficiaries along with an examination of the financial and administration records.
CHINAR AID UK is entrusted by donors to deliver to orphans and widows and we maintain strict controls on expenditure, striving to keep associated costs to a minimum. Although we work to keep our administration costs to a minimum, we also value our commitment to ensuring that we are monitoring, assessing and improving our work with beneficiaries and this does require us to invest in thorough due diligence, staff and appropriate policies and procedures. CHINAR AID UK does not make any deduction to Zakat donations.
FINANCIAL REVIEW
The trustees regularly review the risks to the charity and are actively monitoring the reserves available to the charity. As there are no significant commitments and the work continues only when funds are available, the trustees have decided to maintain a minimal reserve to cover any contingencies. The trustees are satisfied that the all funds received have been applied in a wholly effective manner.
Approved by order of the board of trustees on .................................. and signed on its behalf by:
Waseem Ahmed - Chair
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CHINAR AID UK
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31/12/2021
| 31.12.2021 | ||
|---|---|---|
| Unrestricted | ||
| Notes | Fund | |
| INCOMING RESOURCES | £ | |
| Incoming resources from generated funds | ||
| Voluntary income | 2,291 | |
| Other Income | 0 | |
| RESOURCES EXPENDED | ||
| Charitable activities | ||
| Default | 69 | |
| NET INCOMING/(OUTGOING) | ||
| RESOURCES | 2,222 | |
| RECONCILIATION OF FUNDS | ||
| TOTAL FUNDS CARRIED FORWARD | 2,222 |
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CHINAR AID UK
BALANCE SHEET FOR THE YEAR ENDED 31/12/2021
| FIXED ASSETS Notes Tangible assets 4 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 5 NET CURRENT ASSETS/ (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS Unrestricted funds 6 TOTAL FUNDS |
31.12.2021 Unrestricted Fund £ 0 2,222 |
31.12.2021 Unrestricted Fund £ 0 2,222 |
|---|---|---|
| 2,222 0 |
||
| 2,222 | ||
| 2,222 | ||
| 2,222 | ||
| 2,222 |
The financial statements were approved by the Board of Trustees on ............................ and were signed on its behalf by:
Waseem Ahmed -Chair Raja Zia Khan -Trustee
Syed Asad Ali Jaffari -Trustee
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CHINAR AID UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/12/2021
1 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Taxation
The charity is exempt from tax on its charitable activities.
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
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CHINAR AID UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31/12/2021
| 2 TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries Trustees' expenses There were no trustees' expenses paid for the Period Ended 31 March 2020. 3 STAFF COSTS Wages and salaries The average monthly number of employees during the year was as follows: Ministers |
2021 £ 0 |
|---|---|
| 0 | |
| 2021 £ 0 |
|
| 0 | |
| 2021 £ |
|
| 1 |
No employees received emoluments in excess of £60,000.
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CHINAR AID UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31/12/2021
| 5 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 6 MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS MOVEMENT IN FUNDS CURRENT YEAR b/fwd Net movement in funds Unrestricted funds £ £ General fund 0 2,222 TOTAL FUNDS 0 2,222 Net movement in funds, included in the above are as follows: Unrestricted funds Incoming resources Resources expended General fund 2,291 (69) 2,291 (69) |
2021 £ 0 |
|---|---|
| 0 Net movement in funds 2021 £ 2,222 |
|
| 2,222 | |
| 2021 £ 2,222 |
|
| 2,222 | |
| Movement in funds 2,222 |
|
| 2,222 |
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CHINAR AID UK
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31/12/2021
| INCOMING RESOURCES Voluntary income Donations Other Income Total incoming resources RESOURCES EXPENDED Charitable activities Telephone Donations Paid Rent Travel Light and Heat Advertising Legal Fees Printing and Stationery Accountancy fees Bank charges Repairs Total resources expended Net (expenditure)/income |
2021 £ 2,291 |
|---|---|
| 2,291 0 2,291 0 0 0 0 0 0 0 0 0 69 0 |
|
| 69 | |
| 69 | |
| 2,222 |
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