Charity Registration Number : 1203011
RASHEEDA BEGUM CHARITABLE FOUNDATION
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
RASHEEDA BEGUM CHARITABLE FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025
Zia Ul Haq Muhammad Yaser Zia KHALIDA ZIA Ammar Bin Zia MUHAMMAD EHSAN UL HAQUE
Trustees Zia Ul Haq Muhammad Yaser Zia KHALIDA ZIA Ammar Bin Zia Charity Number 1203011 Registered Office 13 Broadway WALSALL WS1 3EX Independent Examiner IMACC&Co. LTD 5 Corporation Street, WALSALL WS1 4HW
RASHEEDA BEGUM CHARITABLE FOUNDATION
CONTENTS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees' Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
RASHEEDA BEGUM CHARITABLE FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
Trustee Report for RASHEEDA BEGUM CHARITABLE FOUNDATION Year Ending: 31st March 2025
Overview:
The prevention or relief of poverty, primarily but not exclusively in Pakistan, by providing grants, goods, and services to individuals in need and/or to charities or other organisations working to prevent or relieve poverty.The relief of sickness and the preservation of health among people residing permanently or temporarily in Pakistan by providing funding for medical treatment and basic medical supplies.The relief of unemployment for the benefit of the public in such ways as may be considered appropriate, including assistance in finding employment.
Trustee Names:
-
Zia Ul Haq
-
Muhammad Yaser Zia
-
KHALIDA ZIA
-
Ammar Bin Zia
-
MUHAMMAD EHSAN UL HAQUE
Address:
RASHEEDA BEGUM CHARITABLE FOUNDATION 13 Broadway WALSALL WS1 3EX
Email:
ziaulhaq52@gmail.com
Activities and Achievements:
During the year ended 31 March 2025, the charity focused on supporting individuals and families experiencing poverty and hardship, primarily in Pakistan.
Although operational activity was limited during the year, the trustees continued to develop the charity’s structure and fundraising capacity. Funds were received through voluntary donations and are being carefully safeguarded for deployment in accordance with the charity’s objects.
The trustees are planning to increase direct charitable expenditure in the forthcoming year, including:
Financial assistance for medical treatment
Provision of essential supplies
Targeted poverty relief grants
Support to individuals seeking employment assistance
Overseas Activities and Controls
As the charity operates primarily overseas, the trustees recognise their responsibility to ensure that funds are applied properly and in accordance with UK charity law.
The trustees have implemented the following measures:
Due diligence checks on beneficiaries and partner organisations
Verification of beneficiary identity and need
Monitoring of fund transfers and retention of supporting documentation
Segregation of duties over banking arrangements
Review of exchange rate risks where applicable
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The trustees remain committed to preventing fraud, misuse of funds, and ensuring that charitable resources are applied solely in furtherance of the charity’s objectives.
Financial Review
The charity recorded total incoming resources of £64,194 and total expenditure of £6,620 during the year. Net income for the year amounted to £57,574.
Total unrestricted reserves at 31 March 2025 were £86,274.
The trustees are satisfied with the financial position of the charity and believe it is well placed to expand its charitable activities in the next financial year.
Public Benefit Statement
The trustees confirm that they have complied with their duty under Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities. The trustees are satisfied that the charity’s activities during the year have been carried out for the public benefit.
Risk Management
The trustees have considered the major risks to which the charity is exposed and have implemented procedures to mitigate these risks.
Key risks identified include:
Misapplication of funds overseas
Fraud or financial mismanagement
Insufficient fundraising levels
Reputational risk
Controls include dual authorisation for payments, review of expenditure documentation, monitoring of overseas distributions, and periodic trustee review of financial performance.
Reserves Policy
The trustees have established a reserves policy to ensure that the charity maintains sufficient funds to:
Meet planned charitable commitments
Cover administrative and governance costs
Respond to emergency funding requests
The trustees aim to maintain unrestricted reserves equivalent to approximately 6–12 months of anticipated operating expenditure.
The current reserve level reflects funds raised in preparation for expanded charitable activities in the forthcoming year.
The reserves policy is reviewed annually.
Overseas Activities
The charity carries out charitable activities primarily in Pakistan. The trustees ensure appropriate due diligence is undertaken on beneficiaries and partner organisations before funds are distributed. Funds are transferred through recognised banking channels, and records are maintained for all transactions. The trustees monitor the use of funds and take reasonable steps to ensure compliance with UK charity law, safeguarding requirements, and anti-terrorism regulations.
Charitable Expenditure
During the year, the charity incurred expenditure on governance and administration costs. Due to limited operational activity, no direct charitable grants were made in the year. The trustees intend to increase direct charitable spending in future periods as fundraising activities expand.
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This report was approved by the trustees and signed on its behalf by:
Zia Ul Haq Chair Person Date : 03 February 2026
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RASHEEDA BEGUM CHARITABLE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independent examiner's report to the trustees of RASHEEDA BEGUM CHARITABLE FOUNDATION
I report on the accounts of Foundation of Rasheeda Begum Charitable Foundation (charity no: 1203011) for the year ended 31 Mar 2025, which are set out on pages 5 to 9.
Responsibilities and basis of report
As trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) in preference to the Accounting and Reporting by Charities Statement of Recommended Practice issued 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. The accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached
Imran Yousaf (FCA, FCCA) Independent Examiner
Name: Imran Yousaf for and on behalf of IMACC&Co. LTD
Date: 03 February 2026
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RASHEEDA BEGUM CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Total Expenditure on: Charitable activities 3 Total Net income Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 64,194.18 64,194.18 6,620.00 6,620.00 57,574.18 57,574.18 28,700.00 86,274.18 |
Total Funds 2025 £ 64,194.18 64,194.18 6,620.00 6,620.00 57,574.18 57,574.18 28,700.00 86,274.18 |
Total Funds 2024 £ 30,000.00 |
|---|---|---|---|
| 30,000.00 | |||
| 1,300.00 | |||
| 1,300.00 | |||
| 28,700.00 | |||
| 28,700.00 - |
|||
| 28,700.00 |
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RASHEEDA BEGUM CHARITABLE FOUNDATION
BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2025
| ALANCE SHEET OR THE YEAR ENDED 31 MARCH |
2025 | ||
|---|---|---|---|
| Recommended categories by activity Notes Current assets Debtors 5 Cash at bank and in hand 6 Total current assets Net current assets/(liabilities) Total net assets Funds of the Charity Unrestricted funds 7 Restricted funds 7 Endowment funds 7 Total funds |
Unrestricted funds £ 5,000.00 81,274.18 86,274.18 86,274.18 86,274.18 86,274.18 86,274.18 |
Total Funds 2025 £ 5,000.00 81,274.18 86,274.18 86,274.18 86,274.18 86,274.18 - - 86,274.18 |
Total Funds 2024 £ - 28,700.00 28,700.00 28,700.00 |
| 28,700.00 | |||
| 28,700.00 - - |
|||
| 28,700.00 |
The financial statements were approved by the trustees on 03 February 2026 and signed on its behalf by:
Zia Ul Haq Chair Person
Date : 03 February 2026
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RASHEEDA BEGUM CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts 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 Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
2. Income from Donations and Legacies
| 2. Income from Donations and Legacies | ||
|---|---|---|
| Analysis Unrestricted funds £ Donation and gifts 64,155.00 Other 39.18 Total 64,194.18 3. Expenditure on Charitable Activities Analysis Unrestricted funds £ Bank charges 20.00 Donations 6,000.00 Total 6,020.00 Support Costs 600.00 6,620.00 4. Support Costs Analysis Support Costs Governance Costs Accountants fees |
Total funds 2025 £ 64,155.00 39.18 64,194.18 Total funds 2025 £ 20.00 6,000.00 6,020.00 600.00 6,620.00 |
Total funds 2024 £ 30,000.00 - |
| 30,000.00 | ||
| Total funds 2024 £ - 1,300.00 1,300.00 - |
||
| 1,300.00 | ||
| Total funds 2025 £ 600.00 |
||
| 600.00 |
3. Expenditure on Charitable Activities
4. Support Costs
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5. Debtors: Amounts falling due within one year
| Total funds 2025 £ Other debtors 5,000.00 Total 5,000.00 6. Cash at bank and in hand Total funds 2025 Total funds 2024 £ £ Cash at bank and in hand 81,274.18 28,700.00 Total 81,274.18 28,700.00 7. Charity funds 7.1 Details of material funds held and movements during the CURRENT reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 28,700.00 64,194.18 6,620.00 - - 86,274.18 7.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds - 30,000.00 1,300.00 - - 28,700.00 |
Total funds 2025 £ Other debtors 5,000.00 Total 5,000.00 6. Cash at bank and in hand Total funds 2025 Total funds 2024 £ £ Cash at bank and in hand 81,274.18 28,700.00 Total 81,274.18 28,700.00 7. Charity funds 7.1 Details of material funds held and movements during the CURRENT reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 28,700.00 64,194.18 6,620.00 - - 86,274.18 7.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds - 30,000.00 1,300.00 - - 28,700.00 |
Total funds 2025 £ Other debtors 5,000.00 Total 5,000.00 6. Cash at bank and in hand Total funds 2025 Total funds 2024 £ £ Cash at bank and in hand 81,274.18 28,700.00 Total 81,274.18 28,700.00 7. Charity funds 7.1 Details of material funds held and movements during the CURRENT reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 28,700.00 64,194.18 6,620.00 - - 86,274.18 7.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds - 30,000.00 1,300.00 - - 28,700.00 |
Total funds 2025 £ Other debtors 5,000.00 Total 5,000.00 6. Cash at bank and in hand Total funds 2025 Total funds 2024 £ £ Cash at bank and in hand 81,274.18 28,700.00 Total 81,274.18 28,700.00 7. Charity funds 7.1 Details of material funds held and movements during the CURRENT reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 28,700.00 64,194.18 6,620.00 - - 86,274.18 7.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds - 30,000.00 1,300.00 - - 28,700.00 |
Total funds 2025 £ 5,000.00 |
Total funds 2025 £ 5,000.00 |
|---|---|---|---|---|---|
| 5,000.00 | |||||
| Total funds 2024 £ 28,700.00 |
|||||
| 28,700.00 | |||||
| - | 30,000.00 1,300.00 - |
- | 28,700.00 |
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