**REGISTERED CHARITY NUMBER: 1198582**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Period Ended 01 April 2024**
## **for**
## **INDUS SOCIAL DEVELOPMENT FOUNDATION**
Page 1
**INDUS SOCIAL DEVELOPMENT FOUNDATION**
## **CONTENTS OF THE FINANCIAL STATEMENTS For the Period Ended 01 April 2024**
||Page|
|---|---|
|**Report of the Trustees**|3-4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7|
|**Notes to the Financial Statements**|8 to 10|
|**Detailed Statement of Financial Activities**|11|
Page 2
**INDUS SOCIAL DEVELOPMENT FOUNDATION**
## **Report of the Trustees**
## **For the Period Ended 01 April 2024**
## **Charity Objectives**
The advancement of education for the public benefit in pakistan by the provision of training and professional development including on-line training in the health, animal health and education sectors and by provision of funding and resources to schools.
## **ACHIEVEMENT AND PERFORMANCE:**
The Indus Social Development Foundation focuses:
## **Enhance Educational Access**
Provide training and professional development in health, animal health, and education sectors to improve skills and knowledge.
## **Support Schools with Resources**
Provide funding, books, digital tools, and infrastructure support to improve the quality of education in schools.
## **Empower Teachers and Educators**
Conduct professional development workshops to improve teaching methods and educational standards.
## **Increase Public Awareness**
Organize seminars, campaigns, and community outreach to promote awareness of health and education issues.
## **Benefits Acheiveing by:**
Better Educational Infrastructure Improved Skill Development Increased Accessibility Stronger Healthcare System Economic Growth Empowered Communities
Page 3
**INDUS SOCIAL DEVELOPMENT FOUNDATION**
## **Report of the Trustees For the Period Ended 01 April 2024**
## **Governance, administration and monitoring;**
Monitoring of our work ensuring delivery in line with our charitable objects is carried out through an extensive paper trail for all projects along with monitoring visits carried out by staff to the areas of need. These trips include an assessment of the quality of delivery to our beneficiaries along with an examination of the financial and administration records.
## Although we work to
keep our administration costs to a minimum, we also value our commitment to ensuring that we are monitoring, assessing and improving our work with beneficiaries and this does require us to invest in thorough due diligence, staff and appropriate policies and procedures. Elaaf Foundation does not make any deduction to Zakat donations.
## **FINANCIAL REVIEW**
The trustees regularly review the risks to the charity and are actively monitoring the reserves available to the charity. As there are no significant commitments and the work continues only when funds are available, the trustees have decided to maintain a minimal reserve to cover any contingencies. The trustees are satisfied that the all funds received have been applied in a wholly effective manner.
Approved by order of the board of trustees on ……………………. and signed on its behalf by:
## Dr AMER RASHID
Page 4
**INDUS SOCIAL DEVELOPMENT FOUNDATION**
## **Independent Examiner’s Report to the Trustees**
## **For the Period Ended 01 April 2024**
I report on the accounts for the year ended 01 April 2024, which are set out on pages 6 to11.
## **Respective responsibilities of 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 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act
- to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act
- to state whether particular matters have come to my attention
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as 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 next statement.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
## **Kings Accountant**
Rapyal House Small Health Birmingham
Date: .............................................
Page 5
**INDUS SOCIAL DEVELOPMENT FOUNDATION**
## **PROFIT AND LOSS ACCOUNT**
## **For the Period Ended 01 April 2024**
|||01.04.24|01.04.23|
|---|---|---|---|
|||Unrestricted|Unrestricted|
||Notes|Fund|Fund|
|**INCOMING RESOURCES**||£|£|
|**Incoming resources from generated funds**||||
|Voluntary income||1,470|0|
|Other Income||0|0|
|**RESOURCES EXPENDED**||||
|**Charitable activities**||||
|Default||560|0|
|**NET INCOMING/(OUTGOING)**||||
|**RESOURCES**||910|0|
|**RECONCILIATION OF FUNDS**||0|0|
|**TOTAL FUNDS CARRIED FORWARD**||910|0|
Page 6
**INDUS SOCIAL DEVELOPMENT FOUNDATION**
## **BALANCE SHEET**
## **For the Period Ended 01 April 2024**
|||01.04.24|01.04.23|
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||Fund|Fund|
|**FIXED ASSETS**|Notes|£|£|
|Tangible assets|4|0|0|
|**CURRENT ASSETS**||||
|Cash at bank and in hand||910|0|
|||910|0|
|**CREDITORS**||||
|Amounts falling due within one year|5|0|0|
|**NET CURRENT ASSETS/ (LIABILITIES)**||910|0|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||**910**|**0**|
|**FUNDS**||||
|Unrestricted funds|6|910|0|
|**TOTAL FUNDS**||**910**|**0**|
The financial statements were approved by the Board of Trustees on ……………….. and were signed on its behalf by:
Dr AMER RASHID
Dr Hisham Haq
Page 7
**INDUS SOCIAL DEVELOPMENT FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **For the Period Ended 01 April 2024**
## **1 ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- 20% on cost
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 8
**INDUS SOCIAL DEVELOPMENT FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued For the Period Ended 01 April 2024**
|**2 TRUSTEES' REMUNERATION AND BENEFITS**
2024
£
Trustees' salaries
0
0
**Trustees' expenses**
There were no trustees' expenses paid for the Period Ended 01 April 2024.
**3 STAFF COSTS**
2024
£
Wages and salaries
0
0
The average monthly number of employees during the year was as follows:
2024
£
Ministers
1
No employees received emoluments in excess of £60,000.|2023
£
0|
|---|---|
||0|
||2023
£
0|
||0|
||2023
£|
||1|
|||
Page 9
**INDUS SOCIAL DEVELOPMENT FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **For the Period Ended 01 April 2024**
|**5 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**6 MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**MOVEMENT IN FUNDS CURRENT YEAR 2024**
b/fwd
£
**Unrestricted funds**
General fund
0
**TOTAL FUNDS**
0
Net movement in funds, included in the above are as follows:
Incoming
resources
**Unrestricted funds**
General fund
1,470
1,470|2024
2023
£
£
0
0
0
500
Net movement
Net movemen
in funds
in funds
2024
2023
£
£
910
0
910
0
Net
Net
movement
movement
in funds
in funds
£
£
910
910
910
910
Resources
Movement
expended
in funds
(560)
910
(560)
910|2023
£
0|
|---|---|---|
|||500|
|||0|
|||Net
movement
in funds
£
910|
|||910|
|||Movement
in funds
910|
|||910|
Page 10
**INDUS SOCIAL DEVELOPMENT FOUNDATION**
## **PROFIT AND LOSS ACCOUNT For the Period Ended 01 April 2024**
|**INCOMING RESOURCES**
**Voluntary income**
Donations
Other Income
**Total incoming resources**
t
**RESOURCES EXPENDED**
**Charitable activities**
Telephone
Donations Paid
Bank Charges
Travel
Light and Heat
Advertising
IT Cost
Legal fees
Printing and Stationery
Accountancy fees
Bank charges
Repairs
**Total resources expended**
**Net (expenditure)/income**|2024
£
1,470
1,470
0
1,470
0
550
10
0
0
0
0
0
0
0
0
0
560
560
910|2023
£
0|
|---|---|---|
|||0
0
0
0
0
0
0
0
0
0
0
0
0
0
0|
|||0|
|||0|
|||0|
Page 11