**REGISTERED COMPANY NUMBER: (England and Wales) REGISTERED CHARITY NUMBER: 1200662** **Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 May 2025** **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 2025** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|3| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|8| |**Detailed Statement of Financial Activities**||9|| **Faqir Awaan Foundation** **Report of the Trustees for the Year Ended 31 May 2025** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2025. The trustees have adopted the provisions of 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** ## **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. ## **Significant activities** During the period the charity has raised monies from donations and the monies raised have been used to support the charity's objectives. ## **Public benefit** The charity has referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the charity's future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives they have set. ## **ACHIEVEMENTS AND PERFORMANCE** ## **Charitable activities** During the year the charity received donations of £24733. From these funds the charity made donations to Horton Top Bank food bank,The Almarah Foundation, Islamic Help, and the Lantern Foundation amongst others. ## **Fundraising activities** During the year the charity has raised monies from donations. ## **FINANCIAL REVIEW** ## **Financial position** The charity commenced its fundraising activities this year and raised £24733 in donations (2024 £nil) Grants made from these donations were £10,500 (2024 £nil). Support costs amounted to £432 leaving reserves at the year end of £13801 (2024 £nil). Free reserves were also £13,801 (2024 £nil). All funds are unrestricted. ## **Reserves Policy** The trustees wish to establish a level of reserves (that is those funds that are freely available) that is adequate to enable the charity to operate and meet its objectives and enable the charity to continue as a going concern. ## **Going concern** The trustees have considered the position regarding going concern and have looked at forecasts and are satisfied that, with the reserves maintained, the charity has adequate resources to continue to operate for the foreseeable future. The charity has sufficient liquid funds to meet its liabilities as they become due and expenditure will not be authorised unless sufficient funds are in place.For these reasons the trustees continue to adopt the going concern basis for preparing these financial statements. ## **FUTURE PLANS** The charity intends to continue collecting donations in order to support its charitable projects. ## **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. Page 1 **Faqir Awaan Foundation** **Report of the Trustees for the Year Ended 31 May 2025** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **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 manage the affairs of the CIO ,make decisions regarding all strategic matters , fundraising and all expenditure. ## **Induction and training of new trustees** New trustees are supplied with a copy of the constitution and the latest Trustees Annual Report and Accounts and information detailing their role as a trustee and their responsibilities.Training sessions will be given to new trustees to familiarize themselves with the charity and their obligations. ## **Related parties** Related parties are the trustees. Two of the trustees, Mr A Mahmood and Mr. K Mahmood hold 50% of the shares each in Cars Unlimited which has made donations to the charity during the year. None of the trustees are remunerated by the charity or have any benefits in kind. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** (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 Mahmood S Mahmood S M Mahmood F Mahmood ## **COMMENCEMENT OF ACTIVITIES** 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 was dormant until the year ended 31st May 2024 and commenced collecting donations in September 2024. ## **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 2 **Faqir Awaan Foundation** ## **Report of the Trustees for the Year Ended 31 May 2025** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued** Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they 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; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - 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 25 June 2026 and signed on its behalf by: K Mahmood - Trustee Page 3 **Faqir Awaan Foundation** ## **Statement of Financial Activities for the Year Ended 31 May 2025** |||**31.5.25**||31.5.24|| |---|---|---|---|---|---| |||**Unrestricted**||Total|| |||**fund**||funds|| ||Notes|**£**||£|| |**INCOME AND ENDOWMENTS FROM**|||||| |Donations and legacies||**24,733**|||-| |**EXPENDITURE ON**|||||| |**Charitable activities**|||||| |General fund||**10,932**|||-| |**NET INCOME**||**13,801**|||-| |**RECONCILIATION OF FUNDS**|||||| |Total funds brought forward|||**-**||-| |**TOTAL FUNDS CARRIED FORWARD**||**13,801**|||-| |**CONTINUING OPERATIONS**|||||| All income and expenditure has arisen from continuing activities. The notes form part of these financial statements Page 4 **Faqir Awaan Foundation** ## **Balance Sheet 31 May 2025** |||**31.5.25**|31.5.24|| |---|---|---|---|---| |||**Unrestricted**|Total|| |||**fund**|funds|| ||Notes|**£**|£|| |**CURRENT ASSETS**||||| |Cash at bank||**14,233**||-| |**CREDITORS**||||| |Amounts falling due within one year|4|**(432)**||-| |**NET CURRENT ASSETS**||**13,801**||-| |**TOTAL ASSETS LESS CURRENT LIABILITIES**||**13,801**||-| |**NET ASSETS**||**13,801**||-| |**FUNDS**|5|||| |Unrestricted funds||**13,801**||-| |**TOTAL FUNDS**||**13,801**||-| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (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 25 June 2026 and were signed on its behalf by: K Mahmood - Trustee The notes form part of these financial statements Page 5 **Faqir Awaan Foundation** **Notes to the Financial Statements for the Year Ended 31 May 2025** ## **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. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 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. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **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. At present there are no restricted funds. ## **Financial Instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. ## **Going Concern** The trustees have considered the position regarding going concern and have looked at forecasts and are satisfied that, with the reserves maintained, the charity has adequate resources to continue to operate for the foreseeable future. The charity has sufficient liquid funds to meet its liabilities as they become due and expenditure will not be authorised unless sufficient funds are in place.For these reasons the trustees continue to adopt the going concern basis for preparing these financial statements. Page 6 continued... **Faqir Awaan Foundation** **Notes to the Financial Statements - continued for the Year Ended 31 May 2025** ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024. ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ## **4.** ## **5.** |||||Total|| |---|---|---|---|---|---| |||||funds|| |||||£|| |**NET INCOME**|||||-| |**TOTAL FUNDS CARRIED FORWARD**|||||-| |**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||| ||||**31.5.25**|31.5.24|| ||||**£**|£|| |Accrued expenses|||**432**|-|| |**MOVEMENT IN FUNDS**|||||| ||||Net||| ||||movement|At|| ||At 1.6.24||in funds|31.5.25|| ||£||£|£|| |**Unrestricted funds**|||||| |General fund||**-**|**13,801**|**13,801**|| |**TOTAL FUNDS**||**-**|**13,801**|**13,801**|| |Net movement in funds, included in the above are as follows:|||||| ||Incoming||Resources|Movement|| ||resources||expended|in funds|| ||£||£|£|| |**Unrestricted funds**|||||| |General fund|**24,733**||**(10,932)**|**13,801**|| |**TOTAL FUNDS**|**24,733**||**(10,932)**|**13,801**|| continued... Page 7 **Faqir Awaan Foundation** **Notes to the Financial Statements - continued for the Year Ended 31 May 2025** ## **6. RELATED PARTY DISCLOSURES** Two of the trustees, Mr A Mahmood and Mr. K Mahmood hold 50% of the shares each in Cars Unlimited which has made donations of £24,733 (2024 £nil) to the charity during the year. Page 8 **Faqir Awaan Foundation** ## **Detailed Statement of Financial Activities for the Year Ended 31 May 2025** ||31.5.25|31.5.24|| |---|---|---|---| ||£|£|| |**INCOME AND ENDOWMENTS**|||| |**Donations and legacies**|||| |Donations|**24,733**||-| |**Total incoming resources**|**24,733**||-| |**EXPENDITURE**|||| |**Charitable activities**|||| |Grants to institutions|**10,500**||-| |**Support costs**|||| |**Governance costs**|||| |Accountancy and legal fees|**432**||-| |Total resources expended|**10,932**||-| |**Net income**|**13,801**||-| This page does not form part of the statutory financial statements Page 9