Charity registration number: 1202372 Company registration number: 13249412
THE NAZIR AWAN FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE NAZIR AWAN FOUNDATION
CONTENTS
FOR THE YEAR ENDED 31 MARCH 2025
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| Pages | |
|---|---|
| Legal and Administrative Information | 2 |
| Trustees’/Directors’ Report | 3 - 7 |
| Independent Examiner’s Report | 8 - 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Cash Flow Statement | 12 |
| Notes to the Financial Statements | 13 - 20 |
1
THE NAZIR AWAN FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025
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| Trustees/Directors | Amer Khan Awan | Chair |
|---|---|---|
| Nadia Awan | ||
| Nasreen Awan | ||
| Tania Awan | ||
| Zara Awan | ||
| Principal Address | 24 Great Hampton Street | |
| Birmingham | ||
| B18 6AA | ||
| Charity registration number: | 1202372 | |
| Company registration number: | 13249412 | |
| Independent Examiner | Mohammad Ansari | |
| Ansari & Co – Charity Accountants | ||
| Kings Court | ||
| 17 School Road | ||
| Birmingham | ||
| B28 8JG | ||
| Bankers | National Westminster Bank Plc | |
| Birmingham | ||
| B2 4BF |
2
TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2025
THE NAZIR AWAN FOUNDATION
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The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their report and independently examined financial statements for the year ended 31 March 2025.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP), 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).
Structure, governance and management
Governing document/Constitution
THE NAZIR AWAN FOUNDATION is a charitable company and is also registered as a charity. The company was incorporated on 08 March 2021 (Company number: 13249412) and established under a Memorandum of Association (as last updated on 28 February 2023), which established the objects and powers of the charitable company and is governed under its Articles of Association. The charity was registered with the Charity Commission on 17 March 2023, with Charity number 1202372.
Recruitment and training of Trustees/Directors
The Board of Trustees/Directors currently consists of members who were recruited due to their commitment and expertise. Role descriptions, where applicable, are issued to each Trustee and an induction is given setting out the obligations of a Trustee. The list of current Trustees/Directors can be found on page 2 of this document.
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.
Organisational structure
The Charity is principally based in Birmingham (UK) but works with donors and organisations across the United Kingdom and abroad. The Trustees/Directors are responsible for the governance of the Charity, and the day-to-day management is performed by a team of volunteers and consultants when required.
Volunteers
The charity is being run through the kind help of committed volunteers. The Trustees/Directors would like to thank all the volunteers without whom the Charity would not be able to run.
3
THE NAZIR AWAN FOUNDATION
TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2025
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Related parties
There were no related party transactions in the year or the prior year.
Keys risks and uncertainties
The Trustees/Directors actively review the major risks which the Charity faces on a regular basis, in particular those relating to its operations and finances. They are satisfied that systems are in place to mitigate the charity’s exposure to the major risks. The risk management strategy comprises:
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A regular review of the risks which the Charity may face;
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The adequacy of current systems and procedures to mitigate those risks identified in the strategy;
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The implementation of procedures designed to minimise any potential risk on the Charity should any of those risks materialise.
The strategy will be reviewed regularly by the Trustees/Directors.
Aims, objectives and activities
Aims, objectives and intended impacts
Objects:
(1) To advance such charitable purposes (according to the law of England and Wales) for the public benefit as the trustees see fit from time to time, primarily by providing grants to registered charities and/or other organisations with a particular focus on poverty, relief of need, and young people.
(2) To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have 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.
Public benefit statement
The section of this report above entitled ‘Aims, objectives and activities’ sets out the aims and priorities of the Charity. The Trustees/Directors have considered this matter, in conjunction with the guidance contained in the Charity Commission’s general guidance on public benefit, and have concluded:
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That the aims of the Charity continue to be charitable;
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That the aims and work done give identifiable benefits to the charitable sector and both indirectly and directly to individuals in need;
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That the benefits are for the public, are not unreasonably restricted in any way and certainly not by ability to pay
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That there is no detriment or harm arising from the aims or activities.
4
TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2025
THE NAZIR AWAN FOUNDATION
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Review of achievements and performance for the year
Mental Health
2024 to 2025 has been quite a busy year for the Nazir Awan Foundation. We started off the year supporting the great work of the British Asian Trust; contributing by way of grant to raise awareness and helping the people of South Asia with mental health.
Food
With Ramadhan approaching, we teamed up with the Shahid Afridi Foundation raising funds to provide food parcels to those that were affected by the severe floods in Pakistan; these food parcels provided a family of 5 with food for the entire month of Ramadhan.
Gaza
In May 2024, The Nazir Awan Foundation made a donation to Humanity without Borders for their ongoing support for the victims of Gaza. Alongside for the help in Gaza, we donated 2,500 hot meals through the delivery partner Islamic Relief.
In March 2025, with the help of a few donors, we donated £15,000 to another one of our delivery partners for providing food and water to the victims of Gaza.
Local charities
We also supported local charities such as the Luca Foundation and Acorns Children’s Hospice, who we support every year by way of organising a family day to raise these vital funds.
Winter Campaign and Education
In December, we were the chosen charity partner of the IOD and the Pathway to Grow annual dinner. Our aim was to raise funds for two charities; The Shahid Afridi Foundation, to provide vital funds for winter clothing, and for, the Citizens Foundation, who provide free education to those that can not afford this basic right. The Nazir Awan Foundation donated almost 400 Winter packs and also a donation was made to provide two classrooms to the Citizens Foundation, whereby a total of 60 students will be provided free education for the entire year.
We would like to take the opportunity to thank all of our delivery partners.
5
TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2025
THE NAZIR AWAN FOUNDATION
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Financial review
The principal source of funding for the Charity is from individual donors. Voluntary donations received in the period amounted to £53,108 (2023-24: £38,118). This increase is due to the fundraising efforts and events which the Trustees and volunteers organised in the year and the generosity of our donors. Charitable expenditure in the period came to £54,556 (2023-24: £25,748). Support costs are kept under tight control and monitored regularly.
Reserves Policy
The Charity holds unrestricted funds which have been provided to the charity via donations and charitable activities. Under the terms of the donations, the charity must retain the assets in perpetuity and can only use the income to support its charitable activities.
The unrestricted funds represent income earned but not yet utilised in supporting charitable activities. At 31 March 2025, the charity held unrestricted and undesignated reserves of £9,478 (2024: £3,756). Restricted funds at the end of the period came to £Nil (2024: £7,170).
Going Concern
The Charity reported a cash outflow for the period of £1,248 (2023-24: Inflow of £4,071) but expects to make an inflow in the coming year. After making further appropriate enquiries and gaining assurances over income levels, the Trustees/Directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and at least 12 months, as required, from the date of the signing of these financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Future plans
Planning for another busy year ahead, the Charity is organising a dinner in July 2025 to raise funds for sustainable homes for the victims and families of those in Pakistan, who lost everything due to the recent floods.
We are again chosen charity partners for the IOD and Pathway 2 Grow annual dinner. We will be continuing to support other local charities that work within the UK and abroad and we plan to have our annual dinner again, to be held in early 2026.
The Nazir Awan Foundation has been growing year on year and we now have many people signed up as regular donors. The Board are currently agreeing the plan on how to utilise these funds going forward.
We are proud to be supporting so many charities and at the same time we make sure that these funds are used where we believe the need is highest and most urgent.
The trustees are very confident that we will be doing a lot more for the local charities within the UK and abroad, in the years to come.
6
THE NAZIR AWAN FOUNDATION
TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2025
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Statement of Trustees/Directors’ responsibilities
The Trustees/Directors are required to prepare financial statements for each financial year in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which give a true and fair view of the state of affairs of the Charity and the incoming resources and application of resources, including the net income and expenditure for the year. In preparing those financial statements, the Trustees/Directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the Charity will continue in business.
The Trustees/Directors are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and all other applicable law. 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.
Accounts preparation
The Trustees/Directors confirm that the accounts comply with current statutory requirements, and with those of the governing instrument.
This report was approved by the Trustees/Directors on 10 November 2025 and signed on their behalf, by:
Amer Khan Awan Chair
7
THE NAZIR AWAN FOUNDATION
INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MARCH 2025
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Independent Examiner’s Report to the Trustees/Directors of THE NAZIR AWAN FOUNDATION
I report on the financial statements of the charity for the year ended 31 March 2025 are set out on pages 10 to 20.
This report is made solely to the charity’s Trustees/Directors, as a body, in accordance with section 145 and the regulations made under section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s Trustees/Directors those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees/Directors as a body, for my work, for this report, or for the opinions I have formed.
Respective Responsibilities of Trustees/Directors and Examiner
The Trustees/Directors are responsible for the preparation of the financial statements. The Trustees/Directors consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
Having satisfied myself that the company is not subject to audit under charity or company law and is eligible for independent examination, it is my responsibility to:
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examine the financial statements under section 145 of the Act;
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follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Act; and
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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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the Trustees/Directors, concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.
8
THE NAZIR AWAN FOUNDATION
INDEPENDENT EXAMINER’S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
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Independent Examiner’s Statement
In the course of my examination, no matter has come to my attention:-
-
1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with Section 130 of the Act; and
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to prepare financial statements which accord with the accounting records and comply with accounting requirements of the Act and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed on 10 November 2025:
Mohammad Ansari
Ansari & Co
Charity Accountants
Birmingham B28 8JG
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THE NAZIR AWAN FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES (Income & Expenditure Statement) FOR THE YEAR ENDED 31 MARCH 2025
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| Unrestricted | Restricted | Total |
Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2024 | Funds | Funds | 2023 | ||
| Note | £ | £ | £ | £ | £ | £ | |
| Income from: | |||||||
| Donations and legacies | 2 | 13,241 | 39,867 | 53,108 | 8,918 | 29,200 | 38,118 |
| Other income | 3 | - | - | - | 1,300 | - | 1,300 |
| __ | __ | __ | __ | __ | __ | ||
| Total income | 13,241 | 39,867 | 53,108 | 10,218 | 29,200 | 39,418 | |
| __ | __ | __ | __ | __ | __ | ||
| Expenditure on: | |||||||
| Raising funds | 4 | 764 | - | 764 |
9,599 | - | 9,599 |
| Charitable activities | 5 | 3,167 | 50,625 | 53,792 | 3,088 | 23,260 | 26,348 |
| __ | __ | __ | __ | __ | __ | ||
| Total expenditure | 3,931 | 50,625 | 54,556 | 12,687 | 23,260 | 35,947 | |
| __ | __ | __ | __ |
__ |
__ | ||
| Net income/(expenditure) | |||||||
| before transfer | 9,310 | (10,758) | (1,448) | (2,469) | 5,940 | 3,471 | |
| Transfers between funds | (3,588) | 3,588 | - | - | - | - | |
| __ | __ | __ | __ | __ | __ | ||
| Net movement in funds | 5,722 | (7,170) | (1,448) | (2,469) | 5,940 | 3,471 | |
| Reconciliation of funds | |||||||
| Total funds brought forward | 3,756 | 7,170 | 10,926 | 6,225 | 1,230 | 7,455 | |
| __ | __ | __ | __ | __ | __ | ||
| Total funds carried forward | 9,478 | - | 9,478 | 3,756 | 7,170 | 10,926 | |
| __ | __ | __ | __ | __ | __ |
The notes on pages 13 to 20 form part of these financial statements.
10
THE NAZIR AWAN FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2025
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| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Current assets | |||||
| Cash at bank and in-hand | 14 | 10,278 | 11,526 | ||
| Current liabilities | |||||
| Creditors (due within 1 year) | 9 | 800 | 600 | ||
| __ | __ | ||||
| Net current assets | 9,478 | 10,926 | |||
| __ | __ | ||||
| Net assets | 9,478 | 10,926 | |||
| __ | __ | ||||
| Funds | |||||
| Unrestricted funds: General reserve | 10,11 | 9,478 | 3,756 | ||
| Restricted funds | 10,11 | - | 7,170 | ||
| __ | __ | ||||
| 9,478 | 10,926 | ||||
| __ | __ |
The notes on pages 13 to 20 form part of these financial statements.
The financial statements were approved by the Trustees/Directors on 10 November 2025 & signed on their behalf, by:
Amer Khan Awan Chair
11
THE NAZIR AWAN FOUNDATION
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
| _______________ | _______________ | _______________ | _______________ |
|---|---|---|---|
| Note | 2025 | 2024 |
|
| £ | £ | ||
| Cash flows from operating activities: | |||
| Net cash provided by operating activities | 13 | (1,248) | 4,071 |
| __ | __ | ||
| Cash flows from investing activities: | |||
| None | - | - | |
| __ | __ | ||
| Net cash provided by investing activities | - | - | |
| __ | __ | ||
| Increase / (decrease) in cash & cash equivalents | |||
| in the reporting period | (1,248) | 4,071 | |
| __ | __ | ||
| Cash & cash equivalents at the beginning of | |||
| the reporting period | 11,526 | 7,455 | |
| __ | __ | ||
| Cash & cash equivalents at the end of the | |||
| reporting period | 14 | 10,278 | 11,526 |
| __ | __ |
The notes on pages 13 to 20 form part of these financial statements.
12
THE NAZIR AWAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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1. Accounting policies
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The following principal accounting policies have been applied:
a) Incoming resources
Income includes the total funds received during the period and comprises donations collected directly or by volunteers and income from fundraising events. Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty.
Income tax reclaimable under the Gift Aid Scheme is recognised on an accruals basis once income is considered probable.
Donors are given the option to restrict their donation when it is made. Any Gift Aid claimed on restricted donations is classed as unrestricted income.
b) Resources expended and basis of allocation
Expenditure is included when incurred and has been shown in the Statement of Financial Activities inclusive of non-recoverable Value Added Tax.
Expenditure on operational programmes is recognised in the period in which it is incurred.
Currently all costs are directly attributable to specific activities, but where required, certain shared costs will be apportioned to general funds and activities in furtherance of the objects of the Charity.
c ) Funds accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees/Directors in furtherance of the general objectives of the company and which have not been designated for other purposes.
13
THE NAZIR AWAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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c ) Funds accounting (cont.)
Designated funds are unrestricted funds earmarked by the Trustees/Directors for particular purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund.
d) Tangible Fixed assets
Tangible fixed assets are depreciated per the following rates:
Furniture & Equipment - 20% annually on a straight-line basis
Tangible assets bought for less than £1,000 are not capitalised.
e) Creditors
Trade and other creditors are recognised at the settlement amount due after any trade discount. Accruals are valued at the amount expected to be paid in arrears, net of any trade discounts.
f) Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
g) Financial instruments
The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.
h) Judgements in applying accounting policies and key sources of estimation uncertainty
In preparing the Financial Statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.
The directors consider that there are no significant areas of key judgement or estimation uncertainty.
14
THE NAZIR AWAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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2. Donations and legacies
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Voluntary donations | 13,241 | 39,867 | 53,108 | 38,118 |
| ___ | ___ | ___ | ___ | |
| 13,241 | 39,867 | 53,108 | 38,118 | |
| ___ | ___ | ___ | ___ | |
| 2(A). Analysis of voluntary donations | income | |||
| By activity | Unrestricted | Restricted | Total | Total |
| Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Food & Health | - | 6,296 | 6,296 | 24,820 |
| Water Aid | - | - | - | 3,000 |
| General Zakat distribution | - | 33,571 | 33,571 | 1,380 |
| General donations | 13,241 | - | 13,241 | 8,918 |
| ___ | ___ | ___ | ___ | |
| 13,241 | 39,867 | 53,108 | 38,118 | |
| ___ | ___ | ___ | ___ | |
| 3. Other income | ||||
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Fundraising event ticket sales | - | - | - | 1,300 |
| ___ | ___ | ___ | ___ | |
| - | - | - | 1,300 | |
| ___ | ___ | ___ | ___ |
15
THE NAZIR AWAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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4. Raising funds
| 4. Raising funds | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Fundraising event costs |
764 | - | 764 | 9,599 |
| ___ | ___ | ___ | ___ | |
| 764 | - | 764 | 9,599 | |
| ___ | ___ | ___ | ___ | |
| 5. Charitable expenditure | ||||
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Grants distributed | 2,250 | 50,625 | 52,875 | 24,710 |
| Support costs | 917 | - | 917 | 1,638 |
| ___ | ___ | ___ | ___ | |
| 3,167 | 50,625 | 53,592 | 26,348 | |
| ___ | ___ | ___ | ___ | |
| 5(A). Analysis of grants distributed | ||||
| By activity | Unrestricted | Restricted | Total | Total |
| Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Food & Health | - | 27,625 | 27,625 | 14,010 |
| Disasters & Emergencies | - | 17,000 | 17,000 | 6,250 |
| Education | - | 6,000 | 6,000 | - |
| UK Grants |
2,250 | - | - | 1,450 |
| Water projects | - | - | - | 3,000 |
| ___ | ___ | ___ | ___ | |
| 2,250 | 50,625 | 52,875 | 24,710 | |
| ___ |
___ | ___ | ___ |
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THE NAZIR AWAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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5(B). Support costs
| 5(B). Support costs | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Marketing costs | 82 | - | 82 | 945 |
| Governance costs | 835 | - | 835 | 693 |
| ___ | ___ | ___ | ___ | |
| 917 | - | 917 | 1,638 | |
| ___ | ___ | ___ | ___ | |
| 6. Net incoming resources for the year | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| This is stated after charging:- | ||||
| Independent examiner’s fee | 800 | 600 | ||
| ___ | __ |
7. Staff & Trustees/Directors costs
There were no employees in the period (2023-24: None).
During the period £NIL of expenses were incurred for the reimbursement of Trustees’/Directors’ expenses (2023-24: £Nil). The Trustees/Directors received no other remuneration for this period or the prior period.
8. Volunteers
The charity is being run through the kind help committed volunteers and some consultants who occasionally give their time at heavily discounted rates. The Trustees/Directors would like to thank all the volunteers without whom the Charity would not be able to run. The charity is indebted to the service they have provided.
9. Creditors (due within one year)
| 9. Creditors (due within one year) | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Accruals | 800 | 600 |
| ___ | ___ | |
| 800 | 600 | |
| ___ | ___ |
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THE NAZIR AWAN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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10. Statement of funds
| Brought | Incoming | Resources | Fund | Carried | |
|---|---|---|---|---|---|
| forward | resources | expended | transfers | forward | |
| £ | £ | £ | £ | £ | |
| 2024-25: Current year | |||||
| (a) Restricted funds | |||||
| Food & Health | 5,580 | 6,296 | 27,625 | 15,749 | - |
| Disasters & Emergencies | - | - | 17,000 | 17,000 | - |
| Education | - | - | 6,000 | 6,000 | - |
| General Zakat distribution* | 1,590 | 33,571 | - | (35,161) | - |
| __ | __ | ___ | ___ | ___ | |
| Total restricted funds | 7,170 | 39,867 | 50,625 | 3,588 | - |
| __ | __ | ___ | ___ | ___ | |
| * Any Zakat funds which were | donated specifically for an activity are included in the activity | specific figures | |||
| 2023-24: Prior year | |||||
| (a) Restricted funds | |||||
| Food & Health |
1,020 | 24,820 | 20,260 | - | 5,580 |
| Water Aid |
- | 3,000 | 3,000 | - | - |
| General Zakat distribution* | 210 | 1,380 | - | - | 1,590 |
| __ | __ | ___ | ___ | ___ | |
| Total restricted funds |
1,230 | 29,200 | 23,260 | - | 7,170 |
| __ | __ | ___ | ___ | ___ |
* Any Zakat funds which were donated specifically for an activity are included in the activity specific figures
18
THE NAZIR AWAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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10. Statement of funds (cont.)
| Brought Incoming Resources forward resources expended £ £ £ 2024-25: Current year (b) Unrestricted funds General reserve 3,756 13,241 (3,931) _ _ ___ Total funds 3,756 13,241 (3,931) __ _____ 2023-24: Prior Year (b) Unrestricted funds General reserve 6,225 10,218 (12,687) _ _ _ Total funds 6,225 10,218 (12,687) _ _____ ___ 11. Analysis of net assets between funds (a) Current year Unrestricted funds £ Fund balances at 31 March 2025 are represented by: Net current assets 9,478 __ Total funds 9,478 __ |
Fund transfers £ (3,588) ___ (3,588) ___ - _ - _ Restricted funds £ - __ - __ |
Carried forward £ 9,478 ___ 9,478 ___ 3,756 _ 3,756 _ Total funds £ 9,478 ___ 9,478 ___ |
|---|---|---|
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THE NAZIR AWAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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11. Analysis of net assets between funds (cont.)
| (a) Prior year |
Unrestricted | Restricted | Total |
|---|---|---|---|
| funds | funds | funds | |
| £ | £ | £ | |
| Fund balances at 31 March 2024 are represented by: | |||
| Net current assets |
3,756 | 7,170 | 10,926 |
| __ | __ | ___ | |
| Total funds |
3,756 | 7,170 | 10,926 |
| __ | __ | ___ | |
| 12. Related parties | |||
| There were no related party transactions in the period. | |||
| 13. Reconciliation of cash flows from operating activities | |||
| 2025 | 2024 | ||
| £ | £ | ||
Net income / (expenditure) for the reporting period |
(1,448) | 3,471 | |
| Increase / (decrease) in creditors | 200 | 600 | |
| ___ | ___ | ||
| Net cash provided by operating activities | (1,248) | 4,071 | |
| ___ | ___ | ||
| 14. Analysis of cash and cash equivalents | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Cash at bank and in hand | 10,278 | 11,526 | |
| ___ | ___ | ||
| Total of cash and cash equivalents | 10,278 | 11,526 | |
| ___ | ___ |
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