2024-03-31-accounts

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Charity registration number 1196208

THE MRS SARDAR SAIED CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Legal and administrative information
Trustees report
Grant making policy
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 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024

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 2024:

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 established to honour the legacy of our late aunt, who had a lifelong commitment to financially supporting disadvantaged students, with a focus on medicine and engineering.

She bequeathed an endowment donation in her estate. She wished for this capital to be invested, with the returns allocated to providing grants for disadvantaged undergraduate students.

As the endowment amount is small, we wanted to preserve the principal sum. We had engaged with an investor provider. However, after further review, we decided that the returns were too small. We have, however, identified another investment and are in the process of proceeding with this fund in the next financial year.

Based on this, we could not make financial grants this year. However, we have identified a bursary program and will donate to it in the next financial year.

Grant making policy

We have revised our policy and intend to focus on donating to established educational institutions that possess a strong system for vetting applicants and providing grants directly. This decision arises from our current lack of resources to implement this; however, we may contemplate opening direct applications in the future.

Funding priorities

We aim to support underprivileged university students in the UK. We have decided to assist those pursuing degrees in medicine or engineering, as this was a particular wish of our late aunt.

Financial review

As outlined, we opted to retain the endowment donation amount until a suitable investment can be identified; therefore, no grants were issued in this financial year. A summary is attached at the end of the report.

Plans for future periods

We have identified an investment for the endowment and plan to proceed with it in the next financial year.
We have reached out to Imperial College London, which offers small grants to students, and we plan to donate £10,000 in the next financial year to support two students throughout the year.

Signed on behalf of the Board of Trustees

Trustee (Chair)

Faisal Awan

The Mrs Sardar Saied Charitable Trust	The Mrs Sardar Saied Charitable Trust	The Mrs Sardar Saied Charitable Trust	1196208
Receipts andpayments accounts
For the period from	4/1/2023	To	3/31/2024

CC16a

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 £
	-				310,000
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	-				310,000

A2 Asset and investment sales, (see table).
	-
	-				-
*Sub total*	-				-
*Total receipts* A3 Payments
					310,000

	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
**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	310,000	310,000

CCXX R1 accounts (SS)

1/31/2025

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
Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets	Details Details *Total cash funds* (agree balances with receipts and payments account(s))	Unrestricted funds to nearest £	Restricted funds to nearest £	Endowment funds to nearest £
		-	-	310,000
		-	-	-
		-	-	-
		-	-	310,000
				OK
				Endowment funds to nearest £
		-	-	-
		-	-	-
		-	-	-
		-	-	-
		-	-	-
		-	-	-
	Signature Details Details Details	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		3/31/2024

CCXX R2 accounts (SS)