Charity registration number 1196208
THE MRS SARDAR SAIED CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## 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 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**
1. We have identified an investment for the endowment and plan to proceed with it in the next financial year.
2. 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
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
**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)
1/31/2025
2