REGISTERED CHARITY NUMBER: 1194209
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31/12/2023
for
CHINAR AID UK
1
Chinar Aid UK CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/12/2023
| Page | |
|---|---|
| Report of the Trustees | 3-4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 |
| Detailed Statement of Financial Activities | 9 |
2
Chinar Aid UK Report of the Trustees FOR THE YEAR ENDED 31/12/2023
Charity Objectives
The prevention or relief of poverty of the kashmiri people based in united kingdom and 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 through orphan sponsorship programme.
3
Chinar Aid UK Report of the Trustees FOR THE YEAR ENDED 31/12/2023
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 needy people 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.
26/01/25
Approved by order of the board of trustees on and signed on its behalf by:
Waseem Ahmed (Jan 26, 2025 22:54 GMT)
Waseem Ahmed - Chair
4
Chinar Aid UK
Independent Examiner’s Report to the Trustees FOR THE YEAR ENDED 31/12/2023
I report on the accounts for the year ended 31 December 2022, which are set out on pages 2 to11.
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 my 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 commission under section 145(5)(b) of the 2011 Act
-
to state whether particular matters have come to my attention
Basis of independent examiner’s report
My examination was carried out in accordance with the 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 you as 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 next statement.
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
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Deen Alvi Co
Date: 24/01/2025
5
Chinar Aid UK
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
| Note INCOMING RESOURCES Incoming resources from generated funds Voluntary income 3 Total incoming resources RESOURCES EXPENDED Costs of generating funds Support costs 4 Total resources expended NET INCOMING/(OUTGOING) RESOURCES RECONCILIATION OF FUNDS Total funds brought forward 7 TOTAL FUNDS CARRIED FORWARD |
Unrestricted £ 24,929 24,929 30,207 30,207 (5,278) 13,950 8,672 |
2023 Total £ 24,929 24,929 30,207 30,207 ( 5,278) 13,950 8,672 |
2022 Total £ 24,509 |
|---|---|---|---|
| 24,509 | |||
| 12,781 | |||
| 12,781 | |||
| 11,728 | |||
| 2,222 | |||
| 13,950 |
Waseem Ahmed (Jan 26, 2025 22:54 GMT) 26/01/25
Nasim Ali (Jan 26, 2025 23:21 GMT) 26/01/25
Syed Asad Ali Jaffari (Jan 26, 2025 21:57 GMT)
26/01/25
6
Chinar Aid UK
BALANCE SHEET
AS AT 31 DECEMBER 2023
| Note FIXED ASSETS Tangible fixed assets 5 CURRENT ASSETS Cash at bank and in hand LIABILITIES Creditors: amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 7 Unrestricted funds General funds Restricted funds TOTAL FUNDS |
£ £ - 11,673 11,673 3,000 8,673 8,673 8,673 8,672 - 8,672 2023 |
2022 £ 13,950 |
|---|---|---|
| 11,673 3,000 |
13,950 | |
| 13,950 | ||
| 13,950 | ||
| 13,950 | ||
| 13,950 | ||
| 13,950 |
26/01/25 Approved by the Board of Trustees on …................ and signed on their behalf by
~~...................................~~ Waseem Ahmed (Jan 26, 2025 22:54 GMT) ............. Waseem Ahmed - Chair
~~..............................~~ Nasim Ali (Jan 26, 2025 23:21 GMT) .................. Syed Asad Ali Jaffari - Trustee
~~......................................~~ Syed Asad Ali Jaffari (Jan 26, 2025 21:57 GMT) .......... Nasim Ali - Trustee
7
Chinar Aid UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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.
2 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.
| 3. INCOMING RESOURCES Voluntary income Total incoming resources 4. RESOURCES EXPENDED Support costs Donation paid Fund raising Bank charges Software Total resources expended |
Unrestricted £ 24,929 |
Restricted £ - |
2023 Total £ 24,929 24,929 ~~-~~ 24,929 25,780 4,350 77 - 30,207 30,207 |
2022 Total £ 24,509 |
|---|---|---|---|---|
| 24,929 | - | 24,509 | ||
| ~~-~~ | ~~-~~ | ~~-~~ | ||
| 24,929 | - | 24,509 | ||
| 25,780 4,350 77 - |
- |
9,024 3,559 83 115 |
||
| 30,207 | - | 12,781 | ||
| 30,207 | - | 12,781 |
8
Chinar Aid UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
| FOR THE YEAR ENDED 31 DECEMBER 2023 | ||
|---|---|---|
| 5. TANGIBLE FIXED ASSETS Costs As at 1 January 2023 Additions As at 31 December 2023 Accumulated Depreciation As at 1 January 2023 Charge for the year As at 31 December 2023 Net Book Value At the end of the year At the start of the year 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals Deferred income Net wages 7. MOVEMENT IN FUNDS |
Office Equipment - - - - - - - 2023 £ - 3,000 - 3,000 |
Total £ - - |
| - | ||
| - - |
||
| - | ||
| - | ||
| - | ||
| 2022 £ - |
||
| - | ||
| Unrestricted funds: General fund Total unrestricted funds Restricted funds: Voluntry income Income from Fundraising Total unrestricted funds TOTAL FUNDS |
At the start of the year £ 13,950 |
Incoming resources £ 24,929 |
Outgoing resources £ ( 30,207) (30,207) 0 - 0 ( 30,207) |
Transfers £ - - - - - - |
At the end of the year £ 8,672 |
|---|---|---|---|---|---|
| 13,950 | 24,929 | 8,672 | |||
| - | 0 - |
- - |
|||
| - | - | - | |||
| 13,950 | 24,929 | 8,672 |
9
2025-01-26
Chinar Aid UK v2- Accounts 2023
Final Audit Report
Created: 2025-01-26 By: Muhammad Khan (deenalvico@gmail.com) Status: Signed Transaction ID: CBJCHBCAABAAMAHBjk4RNIbsr1doXD6Jnimaspwz-WAl
"Chinar Aid UK v2- Accounts 2023" History
Document created by Muhammad Khan (deenalvico@gmail.com) 2025-01-26 - 9:56:14 PM GMT
Document emailed to Waseem Ahmed (waseem__kh@hotmail.com) for signature 2025-01-26 - 9:56:18 PM GMT
- Document emailed to Nasim Ali (ayyan.nasim14@yahoo.com) for signature 2025-01-26 - 9:56:18 PM GMT
Document emailed to Syed Asad Ali Jaffari (zainjaffari01@gmail.com) for signature 2025-01-26 - 9:56:19 PM GMT
Email viewed by Syed Asad Ali Jaffari (zainjaffari01@gmail.com) 2025-01-26 - 9:56:38 PM GMT
Document e-signed by Syed Asad Ali Jaffari (zainjaffari01@gmail.com) Signature Date: 2025-01-26 - 9:57:39 PM GMT - Time Source: server
Email viewed by Nasim Ali (ayyan.nasim14@yahoo.com) 2025-01-26 - 10:16:14 PM GMT
Email viewed by Waseem Ahmed (waseem__kh@hotmail.com) 2025-01-26 - 10:53:37 PM GMT
- Document e-signed by Waseem Ahmed (waseem__kh@hotmail.com) Signature Date: 2025-01-26 - 10:54:24 PM GMT - Time Source: server
Document e-signed by Nasim Ali (ayyan.nasim14@yahoo.com) Signature Date: 2025-01-26 - 11:21:32 PM GMT - Time Source: server
Agreement completed.
2025-01-26 - 11:21:32 PM GMT