REGISTERED COMPANY NUMBER: NOT APPLICABLE (England and Wales) REGISTERED CHARITY NUMBER: 1200662
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 May 2024
for
Faqir Awaan Foundation
Lindley Adams Limited Chartered Accountants 28 Prescott Street Halifax West Yorkshire HX1 2LG
Faqir Awaan Foundation
Contents of the Financial Statements for the Year Ended 31 May 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 6 |
Faqir Awaan Foundation
Report of the Trustees for the Year Ended 31 May 2024
The Trustees present their annual report and accounts for the year ended 31st May 2024. During this year, the charity had dormant accounts.
INCORPORATION
The charitable company was incorporated on 13 October 2022.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the CIO is the prevention or relief of poverty in the UK, Pakistan, Bangladesh, India and Africa through providing grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty.
ACHIEVEMENT AND PERFORMANCE
The CIO has been dormant since incorporation.
FINANCIAL REVIEW
No transactions took place during the year or the previous period.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a Charitable Incorporated Organization (CIO) governed according to its constitution dated on 3rd October 2022.
The CIO was recognized as a charity on 13th October 2022.
The CIO is an independent charity and not part of any "umbrella" body and is registered in England. In the event of the CIO being wound up, the members have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
Recruitment and appointment of new trustees
There must be at least 3 trustees. If the number falls between this minimum, the remaining trustee(s) may act only to call a meeting of the charity trustees, or appoint a new charity trustee.The maximum number of charity trustees is 12. The charity trustees may not appoint any charity trustee if as a result the number of charity trustees would exceed the maximum.
Organisational structure
The Trustees make decisions regarding all strategic matters and all expenditure.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
NOT APPLICABLE (England and Wales)
Registered Charity number
1200662
Registered office
c/o Auto Prestige Ltd 2 Rosse Street Bradford West Yorkshire BD8 9AS
Trustees
A Mahmood K Mohammad
S Mahmood S M Mohammad F Mahmood
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Faqir Awaan Foundation for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 1
Faqir Awaan Foundation
Report of the Trustees for the Year Ended 31 May 2024
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Company law requires the trustees 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 those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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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 business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 31 August 2024 and signed on its behalf by:
K Mohammad - Trustee
Page 2
Faqir Awaan Foundation
Statement of Financial Activities for the Year Ended 31 May 2024
| Total | |||
|---|---|---|---|
| funds | |||
| Notes | £ | ||
| NET INCOME | - | ||
| TOTAL FUNDS CARRIED FORWARD | - |
The notes form part of these financial statements
Page 3
Faqir Awaan Foundation
Balance Sheet 31 May 2024
| Total | |||
|---|---|---|---|
| funds | |||
| Notes | £ | ||
| NET CURRENT ASSETS | - | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | - | ||
| NET ASSETS | - | ||
| FUNDS | 3 | ||
| TOTAL FUNDS | - |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 31 August 2024 and were signed on its behalf by:
K Mohammad - Trustee
The notes form part of these financial statements
Page 4
Faqir Awaan Foundation
Notes to the Financial Statements for the Year Ended 31 May 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the 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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the 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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Taxation
The charity is exempt from corporation 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.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2024.
3. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| in funds | 31.5.24 | ||
| £ | £ | ||
| TOTAL FUNDS | - | - | |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| TOTAL FUNDS | - | - | - |
Page 5
continued...
Faqir Awaan Foundation
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
4. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2024.
Page 6