Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of NUSRAT TRUST On accounts for the year 28/02/2023 Charity no 1196251 ended (if any) Set out on pages 1-7 (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 28/02/2023.
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Signed:[MSuleman ] Date: 21/11/2023 Name: M Suleman Relevant professional Accountant qualification(s) or body (if any): Address: c/o Fusion Accounting Ltd 398A East Park Road, Leicester LE5 5HH
October 2018
IER
1
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
October 2018
IER
2
Company Number 13210081 Charity Number 1196251
NUSRAT TRUST Accounts 28/02/2023
FINANCIAL STATEMENTS
ACCOUNTS Period to 28 Feb 2023
CONTENTS PAGE The Director's Annual report 1-2 Statement of Financial Activities 3 Balance Sheet 4-5 Notes to the Accounts 6-7
NUSRAT TRUST COMPANY LIMITED BY GUARANTEE DIRECTORS ANNUAL REPORT PERIOD TO 28 Feb 2023
The Directors have pleasure in presenting their report and the unaudited financial statements of the company for the period to 28 Feb 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name NUSRAT TRUST
Charity Registration Number: 1196251
Company registration number 13210081
Registered office: 10 Hebden Drive, Leicester, England, LE5 1EY
THE Directors
The Directors who served the charity during the period were as follows:
MUHAMMED ZAKARIA M ESSA NUR A RAJA FAATIMA M ESSA
STRUCTURE, GOVERNANCE AND MANAGEMENT
NUSRAT TRUST is a (not-for-profit) company limited by guarantee governed by its Memorandum and Articles of Association and a registered charity. The company was incorporated on 18 February 2021 and registered with the Charity Commission on 22 October 2021.
OBJECTIVES AND ACTIVITIES
The objectives of the organisation, as set out in its governing document are:
To relieve financial hardship among the poor, widows, orphans and people in need, by means of, but not exclusively, making grants for providing or paying for items, equipment, treatment, services and facilities, such as food, clothing, clean water and costs for attending school for the benefit of the said persons.
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NUSRAT TRUST COMPANY LIMITED BY GUARANTEE
DIRECTORS ANNUAL REPORT (continued) PERIOD TO 28 Feb 2023
ACHIEVEMENTS AND PUBLIC BENEFIT
NUSRAT TRUST has this year provided grants to help poor people meet their basic necessities and for them to access education. This has helped over 1,000 people in Pakistan. The trustees (who are the directors of the Company) have given due regard to the public benefit guidance of the Charity Commission and are satisfied that they are relieving financial hardship for those in need.
FINANCIAL REVIEW
NUSRAT TRUST has been successful in attracting donations from the public in meetings its needs. It has raised £210,702 total income for the period including donations through regular giving and oneoff donations. It had an expenditure of £197,465 (mainly grants for charitable projects). Therefore, the charity had a surplus of £13,327 for the year. At the end of the period, the Directors hold reserves of £23,895.
PLANS FOR FUTURE PERIODS
The Directors intend to continue providing services to the community in Pakistan who are in need.
RESPONSIBILITIES OF THE DIRECTORS
The Directors are responsible for preparing the Directors Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Directors are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The Directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
APPROVAL
The report was approved by the Directors on date 21/11/2023 and signed on their behalf by
M Z Essa (Director) Signature:
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STATEMENT OF FINANCIAL ACTIVITIES
NUSRAT TRUST Company Registration No. 13210081 at 28 Feb 2023
| Note | Restricted | Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Incoming Resources | 2 | £ | £ | £ | £ | |
| Donations | - | 92,655 | 92,655 | 27,038 | ||
| Grants | - | 118,047 | 118,047 | - | ||
| Total Incoming Resources | - | 210,702 | 210,702 | 27,038 | ||
| Resources Expended | ||||||
| Charitable Expenditure | 3 | - | 197,465 | 197,465 | 16,380 | |
| Total Resources Expended | - | 197,465 | 197,465 | 16,380 | ||
| Net Income | - | 13,327 | 13,327 | 10,658 | ||
| Transfers between funds | - | - | - | - | ||
| Net movement in funds | - | 13,327 | 13,327 | 10,658 | ||
| Reconciliation of funds: | ||||||
| Total funds brought forward | - | 10,658 | 10,658 | 10,658 | ||
| Total funds carried forward | - | 23,895 | 23,895 | 10,658 |
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BALANCE SHEET
NUSRAT TRUST Company Registration No. 13210081 at 28 Feb 2023
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| 2023 |
2022 | ||||
| £ | £ | £ | £ | ||
| Fixed Assets | - | - | - | - | |
| Current Assets | |||||
| Cash at Bank and in Hand | - | 24,645 | 24,645 | 11,408 | |
| Total Current Assets | - | 24,645 | 24,645 | 11,408 | |
| Creditors: | |||||
| amounts falling due within one year | - | (750) | (750) | (750) | |
| Net Current Assets | - | 23,895 | 23,895 | 10,658 | |
| Assets less Current Liabilities | - | 23,895 | 23,895 | 10,658 | |
| Creditors: | |||||
| amounts falling due after one year | - | - | - | - | |
| Total Net Assets | - | 23,895 | 23,895 | 10,658 | |
| Total funds | - | 23,895 | 10,658 | ||
| Restricted Funds | 4 | - | - | - | - |
| Unrestricted Funds | 5 | - | 23,895 | 23,895 | 10,658 |
| Total Funds | 23,895 | 10,658 |
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Balance Sheet Continued on next page.. BALANCE SHEET (Continued)
NUSRAT TRUST Company Registration No. 13210081 at 28 Feb 2023
For the year ending 28/02/2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
Director Name M Z Essa Signature Date 21/11/2023
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NOTES TO THE ACCOUNTS NUSRAT TRUST Company Registration No. 13210081 at 28 Feb 2023
1. Accounting Policies
Basis of preparation of financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102 have been prepared in accordance with Charities SORP (FRS 102) ‘Accounting and Reporting by charities : Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) effective 1[st] January 2015’, Financial Reporting Standard 102 ‘The financial reporting standard applicable in the UK and Republic of Ireland and Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in the furtherance of the general objectives of the charity which have not been designated for any other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.
Restricted funds are those which can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by a donor or when funds are raised for particular restricted purposes.
2. Incoming Resources
| **2. ** | Incoming Resources | |||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | ||
| General Donations | - | 92,655 | 92,655 | |
| Grants from charitable organisations | - | 118,047 | 118,047 | |
| Total | - | 210,702 | 210,702 | |
| **3. ** | Charitable expenditure | |||
| Grants | - | 196,400 | 196,400 | |
| Accountancy Fees | - | 750 | 750 | |
| Bank Charges | - | 315 | 315 | |
| Total | - | 197,465 | 197,465 |
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NOTES TO THE ACCOUNTS (Continued) NUSRAT TRUST Company Registration No. 13210081 at 28 Feb 2023
4. Restricted Funds
Restricted Funds are funds related to the charitable projects undertaken in Pakistan. There were no Restricted funds left at the end of the period.
5. Unrestricted Funds
Unrestricted funds are held for the general purposes of the charity. At the end of the period the company held £23,895 in General Funds.
6. Director Remuneration
There were no payments made to Directors or connected parties during the period.
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