REGISTERED CHARITY NUMBER: 1194209 Report of the Trustees and Unaudited Financial Statements For The Year Ended 3111212024 for CHINAR AID UK
ChinarAid UK CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3111212024 Page 34 Report of the Trustees statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activities
Chinar Aid UK Re ort of the Trustees FOR THE YEAR ENDED 3111212024 Charity Objectives The prevention or relief of poverty of the kashmiri people based in united kingdom and by providing food, medicine, clothing, educational reSoUrS and payment of tuition fees and medical bills. ACHIEVEMENT AND PERFORMANCE: CHINAR AID UK continues ils dedication to serving orphans and widows through orphan sponsorship programme.
Chinar Aid UK Re ort of the Trustees FOR THE YEAR ENDED 3111212024 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 adminislralion records. CHINAR AID UK is enlrusled by donors lo deliver to needy people and we maintsin strict onlrols 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 lo 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 Iruslees regularly review the risks lo the charity and are actively monitoring the reserves available to the charity. As there are no signifi'cant commitments and the work continues only when funds are available, the Iruslees have decided lo maintain a minimal reserve lo 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 29104125 and signed on its behalf by.. Waseem Ahmed - Chair
ChlnarAid UK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Note Unrestrlcted 2024 Total 2023 Totsl INCOMING RESOURCES Incomlng resources from generated lunds Voluntary income 24,113 24,113 24,929 Tal incomlng resources 24,113 24.113 24,929 RESOURCES EXPENDED Costs of Benerating funds Support costs 21,878 21.878 30,207 Total resources expended 21,878 21.878 30,207 NET INCOMINGIIOUTGOINGI RESOURCES 2,235 2,235 15,2781 RECONCILIATION OF FUNDS Total funds brought fon¥ard 8,673 8,673 2,222 TOTAL FUNDS CARRIED FORWARD 10.908 10.908 3,056 Waseemn]ed IApr2Y.lsll51th.3IGMT+LI &A&a IApr2Y.kn151803GMT*LI lJlpr29.2025oASGMTtll
ChlnarAid UK BAiANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note FIXED ASSETS TanEible fixed Bssets CURRENT ASSETS Cash at bank and in hand 15,347 11,673 15,347 11,673 LIA8ILITIES Creditors., amounts falling due within one year 4A40 3,000 NET CURRENT ASSErs 10,W7 8,673 TOTALASSETS LESS CURRENT LIABILITIES 10.907 8,673 NET ASSEf5 10,907 8,673 FUNDS Unrestricted funds General funds 10,9)8 8,672 Restricted fund5 TOTAL FUNDS 10,908 8.672 2910412. Approved bylhe Board of Trustee5 on................... and signed on their behalf by Was8em Ahmed - Chair Syed Asad Ali Jaffari - Tru8t8e Nasim Ali Trustee
ChlnarAid UK NOTES TO THE FINANCIAL STATEMENf5 FOR THE YEAR ENDED 310ECEMBER 2024 I ACCOVNTING POLICIES Accounting convention The financial stalÈmenl$ have been prepared under the histori(xl cJst convention, and In accordanff wlh the Finanryal Repgrting Stsndard for Stnaller Entities leffeclive April 20081, the Charities Act 2011 and the requirernenls of the Stslemenl of RecommenLled Practice, Accounting and Reporting by Charities. Incoming re50urc8s All inGoming resources are inGluded on the Statement gf FinanGial Artivities when the charty is legally enlilled to the incorne and the amount can be quantified with reasonable accuracy. Re50urces expended Expenditur8 Is accounted for on an accruals basis and has been cla88ified under headings that aggwale all cost related to the category. Wher& costs cannot b& directly attributed to particular headings they have been alloc8ted to activities on a basls COnSlStenl wilh the use of resources. Tangible fixed as$ets Depreaalion Is provided at the follo%ing annual rates in order lo write off each asset over ils eslimat8d u88ful life. FixturÈs and frttings Taxatlon The charity is exempl from lax on it5 charitable activities. 2 Fund accounting Unrestricted funds can be used in accordance the charitable objectiv&8 at the discretion of the trustees. Restricted funds can only be used for particular restricted purpose5 within the object5 of the charily. Restrictions arise when spefied by the donor orwhen funds are raised for particular restricted purposes. Furth&r explanation of the nature and purpo88 of each fund is Includ8d in the not88 to the financial stal&menls. - 20% on tost Hlre purchas8 and leaslng commltments Rentals paid under operating leases are charged to the Staternent of Financial Activities on ¥ slraighl line basis over the period of the kase. Unre5tricled Restricted 2024 Total 2023 Total INCOMING RESOURCES Voluntary Income 24,113 24.113 24,113 24.113 24,929 24.929 Total It)comlng resources 24,113 24,113 24,929 RESOURCES EXPENDED Support Costs DonHtion paid Fund raising Bank charges Software 13,620 8,257 13,620 8,257 25,780 4,350 77 21,878 21.878 30,207 Total resources expended 21,8n 21,878 30,207
Chlnar Ald UK NOTES TOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Equlpment Total TANGIBLE FIXED ASSETS Cos¢s at l January 2023 Additions at 31 December 2023 Accumulated Depreciation at l January 2023 Char8e for the year at 31 December 2023 Net Book Value Al the end ol the year Atthe start of the ye4r CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Accruals Deferred income Net wages 4,440 4,440 MOVEMENT IN FUNDS Atthe start of the year Incoming resources Outgoing resources Atthe end of the year TransFers Unrestricled funds.. General fund 8.673 24,113 121,8781 10,908 Total unrestricted éunds 8,673 24,113 121,8781 10,908 Restricted fund5: Voluntry income Income from Fundr3i5ing Totsl unrestricted lunds TOTAL FUNDS 8,673 24,113 121,8781 10,908