Charity registration number 1196208
THE MRS SARDAR SAIED CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
## Contents
1. Legal and administrative information
2. Trustees report
3. Grant making policy
4. Future plans
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr Faisal Awan Mrs Afshan Butt Mr M B N Butt
Secretary Mrs Afshan Butt
Charity number 1196208
Registered address 18 Riverside Close Kingston upon Thames KT12JF London
## **Trustees report**
For the year ended 31 March 2023
The trustees present their annual report and financial statements for the year ended 31 March 2023
## **Structure, governance and management**
The Mrs Sardar Saied Charitable Trust commenced its operations on 19/10/2021 following the adoption of its constitution and was registered as a Charitable Incorporated Organisation (CIO) with the Charity Commission, charity registration number 1196208
## **Trustees in 2023:**
Our charity is governed by a board of trustees responsible for overseeing grant distribution, financial management, and compliance with charity regulations. The Trustees do not receive any remuneration for their work as Trustees.
Dr Faisal Awan (Chairperson)
Mr M B N Butt (Treasurer)
Dr Afshan Butt (Secretary)
Our operations comply with the Charity Commission's guidelines and continue to seek ways to improve governance and transparency.
## **Objectives and Activities**
Our charity was recently established to honour the legacy of our late aunt. She had a lifelong commitment to helping financially support disadvantaged students.
To continue this worthy cause, she left an endowment donation in her estate. She wanted this capital invested and the returns used to provide grants to disadvantaged undergraduate students.
We could not provide these grants this financial year due to several factors. The volatility of the financial markets and strict investment criteria prevented us from finding suitable investment projects. We had considered various options, including more considerable endowment funds, but after due diligence, we concluded they were too risky for this financial year.
## **Grant making policy**
We have a grant-making policy alongside an application process that allows applicants to apply directly to the charity.
## **Funding priorities**
We strive to assist underprivileged university students in the UK. We may offer funding directly or through UK-based educational institutions that have an established system for identifying eligible candidates.
## **Financial review**
As outlined, we chose to preserve the endowment donation amount until a suitable investment can be identified; hence, no grants were given in this financial year. A summary is attached at the end of the report.
## **Plans for future periods**
1. Concentrate on identifying a suitable investment vehicle that will safeguard the capital and yield sufficient returns to fund these grants.
2. Establish a procedure to assess the financial background of applicants.
3. Collaborate with established institutions and explore the possibility of providing funding via these organisations.
Signed on behalf of the Board of Trustees
## **Trustee (Chair)**
## **Faisal Awan**
|**The Mrs Sardar Saied Charitable Trust**||**1196208**||
|---|---|---|---|
|**Receipts andpayments accounts**|||**CC16a**|
|10/19/2021
**For the period**
**from**|**To**|3/31/2023||
|**Section A Receipts and payments**|**Section A Receipts and payments**||||||
|---|---|---|---|---|---|---|
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**310,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**310,000**
**-**
**-**
**-**
**310,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**310,000**
**-**
**-**
**310,000**|**Total funds**
**to the nearest £**
**310,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**310,000**
**-**
**-**
**-**
**310,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**310,000**||**Last year**
**to the nearest £**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|**-**|||||**-**|
||||||||
|**A2 Asset and investment sales,**
**(see table).**|||||||
||**-**||||||
||**-**|||||**-**|
|**_Sub total_**|**-**|||||**-**|
|**_Total receipts_ **
**A3 Payments**|||||||
|||||||**-**|
||||||||
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_ **|**-**|||||**-**|
||||||||
|**A4 Asset and investment**
**purchases, (see table)**|||||||
||**-**||||||
||**-**||||||
|**_Sub total_ **|**-**|||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||
|||||||**-**|
||||||||
||**-**|**-**|**310,000**|**310,000**||**-**|
||**-**|**-**|**-**|**-**||**-**|
||**-**|**-**|**-**|**-**||**-**|
||**-**|**-**|**310,000**|**310,000**||**-**|
CCXX R1 accounts (SS)
1/30/2025
1
|**Section B Statement of assets and liabilities at**|**Section B Statement of assets and liabilities at**|**Section B Statement of assets and liabilities at**|**the end of the period**|**the end of the period**|**the end of the period**|**the end of the period**||
|---|---|---|---|---|---|---|---|
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**||**Unrestricted**
**funds**
**to nearest £**||**Restricted**
**funds**
**to nearest £**||**Endowment**
**funds**
**to nearest £**|
||||**-**||**-**||**310,000**|
||||**-**||**-**||**-**|
||||**-**||**-**||**-**|
||||**-**||**-**||**310,000**|
||||||||OK|
||||||||**Endowment**
**funds**
**to nearest £**|
||||**-**||**-**||**-**|
||||**-**||**-**||**-**|
||||**-**||**-**||**-**|
||||**-**||**-**||**-**|
||||**-**||**-**||**-**|
||||**-**||**-**||**-**|
||**Details**
**Details**
**Details**
Signature||**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Mr Faisal Awan||||**Current value**
**(optional)**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**Current value**
**(optional)**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**When due**
**(optional)**|
|||||||||
|||||||||
|||||||||
|||||||||
|||||||||
|||||||||
||||||||Date of
approval|
||||Mr Faisal Awan||||3/31/2023|
|||||||||
CCXX R2 accounts (SS)
1/30/2025
2