CHARITY COMMISSION
FOR ENGIAND AND WALES
Trustees, Annual Report for the period
From 01101/102 5 Period start date To S I Iizl7ts?3 Period end date
Charity name." The Ali Foundation
Charity registration number: 1198189
Objectives and Activities
SORP ference
Summary of the purposes of
the charity as set out in its
overnin
document
Summary of the main
activities in relation lo those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.
Para 1.17
The All Foundation is involved in projects
Ihat aims to provide aid In the following
areas
The prevention or relief of povety in rural
Pakistan by providing water filtration
systems and grants lo charities. or other
organisations working to prevent or relieve
povety
To advance the education of children of
school age in rural Pakistan by providing
scholarships, school supplies and by
providing funding lo education institutions
which the trustees think fil.
I can confirm that the Iruslee5 are aware of
the Public guidance and when thinking about
projects to uptake. that the guidance will be
followed.
Para 1.17 and
1.19
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefil
Para 1.18
Additional information (optlonall
You ma
choose to include further statements where relevant about..
SORP rel&renc8
Para 1.38
Policy on grant making
Para 1.38
Policy on social investment
including program relaled
investment
Pyra 1.38
Contribution made by
volunteers
Olher
Achievements and Performance
SORP relefence
The charity remains in the process of
opening a bank account.
Summary of the main
achievements of the charity,
identifying the difference the
charity s work has made lo
the circumstances of its
beneficiaries and any wider
benefits lo society as a
whole.
Para 1.20
AddStlonal Infomiatlon (optlonal)
You ma
choose to include further slalements where relevant about..
Achievements against
objectives set
P•• 1.41
Performan¢e of fundraising
activitie5 against objectives
set
Parn 1.41
Investment performance
against objectives
Pora 1.41
Other
Financial Review
Review of the charity's
financial position al the end
of the
eriod
Slalemenl explaining the
policy for holding reserves
stalin
are held
Amount of reserves held
Reasons for holding zero
reserves
Details of fund materially in
deficit
Explanation of any
uncertainties about the
charity continuing as a going
concern
Para 1.21
No activity occured
Para 1.22
Nla
Para 1.22
Pard 1.22
No bank account
Para 1.24
Nla
Para 1.23
Nla
Addltional information loptlonal)
You ma choose lo include further statements where relevant abou1=
The charity's principal
sources of funds (including
any fundraising)
Para 1.47
Investment policy and
objectives including any
social investment policy
adopted
Pata 1.46
A description of the principal
risks facing the charity
Para 1.46
Other
Structure, Governance and Management
Description of charity's
Irusls..
Type of goveming document
Nla
Para 1.25
Trust Deed
How is the charity
constituted?
Para 1.25
cio
Trustee selection methods
including details of any
conslilutional provisions e.g.
election to post or name of
any person or body enliued
to appoint one or more
trustees
Parn 1.25
Every trustee must be appointed Ifor a term
of three yearsl by a resolution passed at
properly convened meeting of the charity
trustees.
Addltlonal Informatlon (opllonal)
You ma
choose to include further stslemenls where relevant about:
Policies and procedures
adopted for the induction and
training of trustees
P•r4 1.51
The charity's organisational
structure and any wider
nehvork with which the
charity works
P4r• 1.51
Relationship with any related
parties
Pw• 1.51
Other
Reference and Administrative details
Chari
name
Other name the chari
uses
islered chari
number
Charity's principal address
The Ali Foundation
NIA
1198189
Office 2
Gallery Court
Arcadia Avenue
London
N3 2FG
Names of the charity trustees who manage the charity
Dates acted il not for whole
èar
Trustee name
Offi¢e lif any)
Name of person lor body) *ntitled
toa
Int trustèe
ifan
Arshad Ali
NIA
NIA
NIA
Rabia Ali
NIA
Farhan Ali
NIA
NIA
Cor
orate trustees - names of the directors al the dale the re
Dlrector nam•
ortwasa
roved
Name of trustees holding title to propety belonging to the charity
Trust•• n¥m•
D•l•s act•d bl not for whol•
•ar
Funds held as custodian trustees on behalf of others
Description of the assets
None
held in this capacity
Name and objects of the
charity on whose behalf the
assets are held and how this
falls Within the custodian
charity's objects
Nla
Details of arrangements for
safe custody and
segregation of such assets
from the charity's own assets
Nla
Additional informatlon (optional)
Names and addresses of advisers (Oplional infomialion}
Type of
Name
Address
adviser
Accountsnt
Taylor Associates
1° Floor, Gallery Court. 28 Arcadia Avenue, N3 2FG
Name of chief executive or names of senior slaff members (Optional Information)
Exemptions from disclosure
Reason for non-disclosure of ke
ersonnel details
NIA
Other o
tional inforniation
Declarations
The trustees declare that they have approved the trustees, report above.
Signed on behalf of the charity's trustees
Signature(sl
Full name(s)
Position (eg Secretary,
Chalr, etc)
Date
**Charity registration number 1198189**
## **THE ALI FOUNDATION**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **THE ALI FOUNDATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Mr Arshad Ali Mrs Rabia Ali Mr Farha Ali
**Charity number** 1198189 **Accountants** Taylor Associates 1st Floor Gallery Court 28 Arcadia Avenue London N3 2FG
## **THE ALI FOUNDATION**
## **CONTENTS**
||**Page**|
|---|---|
|report|1|
|Accountants' report|2|
|Statement of financial activities|3|
|Balance sheet|4|
|Notes to the financial statements|5 - 7|
## **THE ALI FOUNDATION**
## **REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
The Trustees present their annual report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the 's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
## _Public benefit_
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the should undertake.
## **Achievements and performance**
## _Significant activities and achievements against objectives_
## **Financial review**
## _Reserves policy_
It is the policy of the that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the ’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
## **Structure, governance and management**
The is a company limited by guarantee.
The Trustees who served during the year and up to the date of signature of the financial statements were: Mr Arshad Ali
Mrs Rabia Ali Mr Farha Ali
## _Recruitment and appointment of trustees_
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The report was approved by the Board of Trustees.
Mr Arshad Ali
22 October 2024
- 1 -
## **THE ALI FOUNDATION**
## **CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE ALI FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2023**
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of The Ali Foundation for the year ended 31 December 2023, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made to the charity's Trustees, as a body, in accordance with the terms of our engagement letter dated 31 October 2023. Our work has been undertaken solely to prepare for your approval the financial statements of The Ali Foundation and state those matters that we have agreed to state to the charity's Trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Ali Foundation and the charity's Trustees as a body, for our work or for this report.
It is your duty to ensure that The Ali Foundation has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of The Ali Foundation. You consider that The Ali Foundation is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of The Ali Foundation. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
## **Taylor Associates**
22 October 2024
## **Chartered Accountants**
1st Floor Gallery Court 28 Arcadia Avenue London N3 2FG
- 2 -
## **THE ALI FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
The has not been active during the current or preceding year. It received no income and incurred no expenditure, and therefore made neither surplus nor deficit.
- 3 -
## **THE ALI FOUNDATION**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2023**_
|**2023**
**Notes**
**£**
**The funds of the**
The financial statements were approved by the Trustees on 22 October 2024|**2022**
**£**
**£**
-|**£**|
|---|---|---|
||||
|||-|
||||
Mr Arshad Ali
- 4 -
## **THE ALI FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
## **Charity information**
The Ali foundation is a charity.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the 's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The is a Public Benefit Entity as defined by FRS 102.
The has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the . Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the .
## **1.4 Income**
Income is recognised when the is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 5 -
## **THE ALI FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the ’s contractual obligations expire or are discharged or cancelled.
## **2 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the during the year.
## **3 Employees**
The average monthly number of employees during the year was:
||**2023**|**2022**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|
There were no employees whose annual remuneration was more than £60,000.
## **Remuneration of key management personnel**
The remuneration of key management personnel was as follows:
## **4 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 6 -
## **THE ALI FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **5 Related party transactions**
There were no disclosable related party transactions during the period.
- 7 -