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2023-03-31-accounts

KARIM FOUNDATION TRUST Charity number: 1198174

TRUSTEE'S ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 08 MARCH 2022 TO 31 MARCH 2023

KARIM FOUNDATION TRUST

Trustee’s Report and Financial Statements For the Period 08 March 2022 to 31 March 2023

Contents Page
Administration Details 1
Trustees Report 2
Independent Examiners Report 3
Income and Expenditure Account 4
Balance Sheet 5
Detailed Income and Expenditure Account 6

KARIM FOUNDATION TRUST Annual Report For the Period 08 March 2022 to 31 March 2023

Administration Details

Charity Registration Number 1198174 Registered Office 1 MANORWAY WOODFORD GREEN IG8 7QZ

Names of the Charity Trustees who manage the Charity

  1. Mohammed Shahadoth Karim Chair person 2. Mohammed Sadik Karim 3. Mohammed Abdul Karim 4. Mohammed Shabab Karim 5. Mohammed Zakir Karim

  2. Tahsin Karim 7. Shahazadi Choudhury

  3. Rahmin Karim

  4. Mohammed Mahfuzur Rahman

Independent Examiner

Mohammed Tareq Mahamud Apex Accountancy 88a George Lane London E18 1JJ

Page 1

KARIM FOUNDATION TRUST

Charity Registration No. 1198174 Trustees Report for the Period 08 March 2022 to 31 March 2023

The financial results are set out in the enclosed accounts.

Objectives & Activities

The prevention or relief of poverty and humanitarian support in EMEA and APAC with particular focus on Bangladesh and the UK. The charity achieves this through providing grants, gifts and services to individuals in need, charities and other organisations working to prevent or relieve poverty and providing humanitarian relief.

What the charity does:

Who the charity helps:

How the charity helps:

Where the charity operates:

Declaration

We confirm that the information produced to enable the independent examination of our accounts to be conducted does contain a full and correct record of our financial transactions and activities to the best of our knowledge and belief. We have approved the Trustees' report.

Signed on behalf of the charity’s trustees

Name: Mohammed Shahadoth Karim

Position: Chairperson

Date: 15/03/2023

Page 2

KARIM FOUNDATION TRUST

Independent Examiner’s Report on the Accounts

Report on the accounts of the charity for the year ended 30th November 2022 set out on the

following pages

Respective responsibilities of the Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s

trustees consider that an audit is not required for this year under section 144(2) of the

Charities Act 2011 and that an independent examination is needed.

It is my responsibility to examine the accounts under 145 of the 2011 Act, follow the procedures laid down in the General Direction given by the Charity Commission under section 145(5)(b)of the 2011 Act; and state whether particular matters have to come to my attention.

Basis of independent examiner’s report :

Our examination was carried out according to the General Directions given by the

Charity Commission. An examination includes a review of the accounting records kept by

charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts and seeking explanations from

the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view ‘and the report is limited to those matters set out in the statements below.

Independent examiner’s statement :

In connection with our examination, no matter has come to our attention that gives us reasonable cause to believe that, in any material respect, the requirements to keep accounting

records following section 41 of the 1993 Act; and to prepare accounts which accord

with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met. I have no concerns and have come across no other matters in connection. with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.

Mohammed Tareq Mahamud

Apex Accountancy

88a George Lane London E18 1JJ 15/03/2024

Page 3

KARIM FOUNDATION TRUST

Income and Expenditure Accounts

For the Period 8 March 2022 to 31 March 2023

31 March
2023
Notes £
TURNOVER 25,921
GROSS PROFIT 25,921
Distribution costs (480 )
Administrative expenses (6,259 )
OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL PERIOD 19,182

Page 4

KARIM FOUNDATION TRUST Balance Sheet As At 31 March 2023

31 March 2023
Notes £ £
CURRENT ASSETS
Cash at the bank and in hand 20,137
20,137
Creditors: Amounts Falling Due Within One Year 4 (955 )
NET CURRENT ASSETS (LIABILITIES) 19,182
TOTAL ASSETS LESS CURRENT LIABILITIES 19,182
NET ASSETS 19,182
Profit and Loss Account 19,182
OPERATING FUNDS 19,182

Page 5

KARIM FOUNDATION TRUST Trading Profit and Loss Account For the Period 8 March 2022 to 31 March 2023

31 March 2023 31 March 2023
£ £
TURNOVER
Donation received 24,206
Gift aid 1,715
25,921
GROSS PROFIT 25,921
Distribution Costs
Travel and subsistence expenses 480
(480 )
Administrative Expenses
Printing, postage, and stationery 120
Telecommunications and data costs 60
Accountancy fees 295
Bank charges 54
Charitable activities 5,731
Sundry expenses (1 )
(6,259 )
OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL PERIOD 19,182

Page 6