AL-HERA FOUNDATION FOR POOR CHILDREN
Report and Financial Statements
Contents
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Management Committee and Charity Information 2
Trustees Annual Report 3-5
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AL-HERA FOUNDATION FOR POOR CHILDREN
MANAGEMENT COMMITTEE & NAME OF MEMBERS:
Chairperson and Trustees : Chairperson : Mr Mohmmed Shahid General Secretary : Mr Kalam Chowdhury Treasurer : Mr Moulana Ruhul Amin
Registered Charity Number : 1199750
Centre Address :
16 Taners Lane Ilford Essex IG6 1QJ
Accountants:
Muhit & Co Chartered Certified Accountants 80A Ashfield Street Unit 4 London E1 2BJ
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AL-HERA FOUNDATION FOR POOR CHILDREN
Trustees Annual Report for the Year Ended 31 March 2023
The trustees present their report along with the financial statements of the charity for the year ended 31 March 2023. The statements have been prepared in accordance with the statement of recommended practice for Accounting and Reporting by Charities.
Constitution and Objects
Al Hera Foundation for Poor Children was constituted on 22 July 2022 and Registered with Charity Commission since 22 July 2022 under a CIO model and registered Charity No. 1199750.
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A) To relive poverty and financial hardship
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B) To provide books, school uniforms, stationery and school meals to poor children.
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C) To advance education and provide places of schools and teaching.
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D) Facilitate parents to bring their children to school.
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E) To provide or assist in the provision of facilities in the interest of social welfare for recreation or other leisure time occupation of individuals who are in need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life also encouraging children and adults to become responsible human beings and to contribute positively to society at large.
Structure, Governance and Management
The charity is constituted by a Constitution of a Charitable Incorporated Organisation (CIO) with voting members are its Charity Trustee. It is governed by the regulation set out in the Constitution and run by a voluntary Executive Committee. The charity’s committee members are elected at the Annual General Meeting every two years.
The Executive Committee members are normally briefed by the Chairman and the General Secretary to familiarise themselves with the rules, regulations and responsibilities of the charity. The Management Committee met six times during the year to review the activities of the charity including the approval of the annual report and accounts as well as budgets, capital expenditure and to set out the fund-raising date for the charity.
The day-to-day work of the charity is overseen by the Chairman who is responsible to and reports to the Management Committee. The Executive Committee is aware of the potential risks to the charity, both financial and otherwise. Therefore, strategies are in place to control these risks. Assessments have also been taken relating to fire and health and safety.
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AL-HERA FOUNDATION FOR POOR CHILDREN
Achievements and Performance of Al- Hera Foundation for Poor Children:
The Executive Committee is pleased to report a very active year. Al- Hera Foundation for Poor Children is actively seeking to protect its financial security to continue to safeguard the ongoing development of the Trust and its projects and services that it offers to the deprived communities in Bangladesh.
The Management Committee is indebted to all well-wishers for their support to Al- Hera Foundation for Poor Children. The Executive Committee is very appreciative to the patrons for their financial support. We would also extend a word of thanks to all individuals and other community groups/organisations who have worked with and supported Al- Hera Foundation for Poor Children.
Financial Review
The financial position of the Charity is portrayed in the accompanying Annual Accounts. There were no transactions during the period.
Statement of Trustees’ Responsibilities- Law applicable to charities in England & Wales requires the Trustees to prepare a financial statement for each financial year, which gives a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
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(a) Select suitable accounting policies and apply consistently
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(b) Make judgements and estimates that are reasonable and prudent;
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(c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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(d) Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping accounting records, which discloses with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the charity act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Reserve Policy
It is the policy of the charity that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to at least 12 months’ expenditure. The Executive Committee 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 charity’s current activities while consideration is given to ways in which additional funds may be raised. Al- Hera Foundation for Poor Children will actively work to achieve this level of reserves.
Risk Factors
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
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AL-HERA FOUNDATION FOR POOR CHILDREN
Independent Examiner
As per the provisions of the Charities Act 1993, the Trustees agree that an audit is not required for this financial year; however due to the provisions of the same act an Independent Examiner is required.
The Executive Committee agreed to re-appoint Mohammed Muhit Uddin M Com, ACA, FCCA of Muhit & Co, to carry out the Independent Examination of the accounts in 2024.
Accounts approved on the behalf of the Executive Committee.
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Mohammed Shahid
Chair and Trustee
Dated: 21/03/2024
No Accounts prepared as there was no Financial Activities taken place during this period.
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