IILgyi%lLI'ed Charily Nuinbcr 1203954 A7AL CIIARITABLf. TRUST CIO TRIJS'I'I,:I:,S IILPORI" AND ACCOUNTS I:OR TIIE YIAII ENDED 31 MARCH 2024
FA£AL CHARITABLE TRUST CIO TRUSTEES REPORT AND ACCOUN'I'S roR THE YEAR F.NDED 31 MARCH 2024 (Regyistered Charity Number 1203954) CONTENTS Trustees, Report Statement of Trustees, Responsibilities Statement of Financial Activities Balance Sheet Notcs to the accounts l O Independcnl Fxaminer's Report
rAZAI, C,14ARITABI.r, l-RUS"I- CIO I IIUS I LLS, IIEP()III' roR THE Yr.AR ENDED 31 MARCH 2024 1.he trustees present Ihcir rLport and Ihe accounts lor IhL year ended 31 March 2024. Rl=. b"ERENCE AND ADMINISTRATIVF. DETAILS Full name of charity is Fazal Charitable Trust CIO Registered Charity number is 1203954 Charity's principal address is: Unit I 50 James Road Birmingham B112BA The tru.stees who served during the fiiiancial year were: Mr Waqas Liaqat (Chair) Mr Jawad Ali Mr14umza Waqas STRUCTURE CJovf.RNANCE AND MANAGEMENT azal Charitablc Trust CIO is a not-for-profit organisation with a governing constitutional document. Management of the affairs of the charity is directed by a managemenl committee which meets twice a year. The charity may appoint and detLrmine the appointment of a trustee who is not a member of the management committee, for the purpose of managing the projects for the charity. Trustees are chosen from persons who have requisite skills in managing finances and government.
FA/.AI, CI IARI'fABLE TRIJST CIO TRIJSI"ELS' RF.PORT OR T14E YLAR LNDLD 31 MARC'14 2024 OBJLCTIVES AND ACTIVITir.s Fazal Charilable Trusl CIO, a family run orgyanisation was ofticially regyistered in July 2023. Rooted in compassion and a cominilment to uplift cominunities, the Trust has quickly bL'Lome a source of hopc for disadvantag)cd individuals and animals. Since its inception, the Trust has established its pritnary base in Mirpur, Azad Kashmir (Pakistan) a placc close to the family's heritage. With a focus on addressing immediate needs such as food, shelter and spirilual support, Fa7al Charitable Trust CIO is making a tangible difterence in Ihe lives of"many. THE MAIN ACTIVITIES The Trust operates in a working-class neighbourhood in Mirpur, a region with significant economic challenges. Its basc is dedicated to serving some of the most vulnerable members of the community, includinLY needy individuals, labour workers and stray animals. Daily Mcals and Shelter: The base provides evening meals to those in need, catering to a capacity of 250 people evcry day. This is achieved with the help of a newly installed kitchen, equipped to handle large-scale food preparation. Support for stray animals: In addition to helping people, Fazal Charitable Trust takes care of many stray animals in the arca. The Trust provided food to local stray dogs and cats, ensuring they receive the care and sustenance they otherwise lack. Staff and Siii)plics: The kitchen is stat-fed by two full-timc chLt-s, Mohib and Wajahal, who work diligently to ensure quality meals are served. Groceries are sourced locally, supporting small businLsses in the area whilc maintaining the freshness and affordability of ingredients. Spiritual Support: In addition to food and shLlter, the base {?)
A7AI. CHAEII I'AtILL 'I'IIIJSI" CIO TRIJS'I I,"I-.S' REPORT roil Tl IF. Yr.AR l.-Nl)r.D 31 MARC"H 2024 iiILludLs a praycr rc)om, ollcring) a space fi)r individua15 to tiiid spii'itLial solace and praLlicL their lailh. Fiiture Objectives While Ilic Mirpur base conliiiuLS lo sLrvc as a c()rncrslone ot.thc "I rusl'.s niission, pa7.al CharilablL Trust CIO is expaiidiiig it% r()cus to addrcss poverly and liardship in tlirmingyliam, UK. This initialivL aims lo support impoverished individu£ils within thL Lity by providing L55enti£il sLrviLLs and aid. l)lans are bcing devcl()ped to I'epliLalL thL succcsst'ul model impleinenled in Mirpur, LnsuringF that thc'l rust's iiiipacl reaLhLs LonimuniliLs in need across borders. Vision Fazal CharitablL Trust CIO is driven by a simple ycl powerful vision: to uplill the undLrprivilegcd and loster a sense ofLoinmunilv and carL. 13y addressiiigy basic needs such as food, shL'IILr and spirilual well-being? and LxtLndingi thcir compa.88ion to aiiiinals, the Trusl aspircs to create a world whei'e everyone - hiiman and animal alike - can access essLnlial support. ConL'lusion rrom its roots in Mirpur to its upcoming projects in Birmingham, ra7.al Charitable'frust CIO stands as a beacon of hope and humanity. Wilh a dLdicaled team, strongy community ties, and ¢gn unwavering commitmeiit to service, the Trust continues lo bring positive change to tliose who need it most. 13}
rAZAL CHARITABI..I.- "I RUSI" CIO I'iiiJs'i'i-, l-,S' Ilf.P()RT I-,OR TIIF. YFAR ENDED 31 MARC.H 2024 riNANCIAI, Rr.vii-=w The Stateinent of Financial Activities shows a nel SLirplus of £196 for thL yLar and accumulatcd resLrvLS at 31 March 2024 amount lo £19C). The truslcLs have rLvicwed the rLsLrvcs of thL charity and found thLm saiislaLlory for Ihe financial year LndLd 31 March 2025. AI)I)IIOVAI. I'his rLpori was apprc)ved b)1 thL truslLLs on .%igned on its behalf. by Mr Waqas Liaq. (Chair) 14}
rA7.AI, C.HARITABLE TRIJST CIO STA'I'EMLN'I. 01.. TRIJ% I"I-, LS, RI, SI)ON%IBI.ITIL% 'OR T14E YEAII ENI)EI) 31 MAEIC14 2()24 'I'rLisILCS are required by Lliai'ily law to prLparL financial stateinenls Ioi. Lacli linaiicial year which gyives a true and f.air view ol"thL slalc of al'lairs ol.thc cliarily as at the end ofthe finaiicial ycar and ofthe surplus or dLlILil ol"IhL Lharity. In preparingp IliosL linanLial statLments tlie t4oard is reqiiirL'd 10:_ SclLcl suitable accounliiig policiLs and thcn apply Ihcm LonsistLnily; Makc.judgyLmenls and LstimatLs that are reasonable and prudLnt' PrLparL IhL financial statLmLnls on a gJoiiigF L()nLern bclSiS unlL.ss it I inappropriatL lo presumc that Ihc charily will conlinue in businLss Statc whLthcr applicablL acLounlingi standards and statcmLnl.s of recoinmended practice have been loll()wLd. The truslcLs arc also respansible for maintaining pr()per accounling reci)rds which disclose wilh recisoll¢lblc accuracy at aiiy liine Ihe riiianci¢11 posilion il.lhc charity. Thcy are also responsible tor sat"cgyuarding the assels of the charily and hence lakiiigy reasoncible steps for IhL prLvention and delcction of fraud and oihL'r irrL>gyularities. ON BEHALf OF BOAIID Mrwa (Chair) at Date 15)
"A7AL C14ARITABLE I"RlJS'r cio STATF.Mf.NT OF fiNANCIAI. ACTIVITir.s FOR'I I IE YI.'AII LNDED 31 MAIICI12024 Restricled Unreslricted Total Funds Funds ?0?4 Total 2023 INC'OMING RF.SOURCES Inc()Ini ngj resources froin (yenerated funds: Activities t.or &veneraling lunds In¢()Ining) rLsources from L h<iritable aclivities 6,64? 6,642 Total inLomingJ resources 6,642 6,642 RP.%[)1]Rc ES EXPENDED Costs of generating funds: OihLr costs Charitable activities 178,669 6,446 6,446 Governance costs 6,446 6,446 Nel Inovement in funds 196 196 Tolal funds brought fonvard Total funds carried fonvard 196 196 (6)
FAZAL CHARITAIII.F TRUST CIO BALANCF. SIILI-.I FOR Tl If. YFAR F.NDED 31 MARCH 2024 2024 202.3 CURRENT ASSEI"S Bank aLcount 946 I.ESS. CURRI-.NT LIABILITIES Crcditors and accruals 750 196 Rf.PRI..$14.Nl'F."t) 13Y: ACCUMUI.AI"I=D FUNDS NLt Surplus 196 196 Approved by Ihe trustees on their behalf by: and signLd on (Chair) (7}
FA7.AL CHARITABLE TRUST CIO NOI-F.S"I"O TI IE ACCOIJNI S FOR THE YEAR ENDED 31 MARCH 2024 I. ACCOUN'fiNG POLICIES l . l Basis ot- prcparaiion of accounts: The Financial Statements are prepared under the purpose scope and application of SORP FRS I O? SORP 60 states accounts intending to shoiv a true and fair view must be prepared on the going concern assumption. SORP 61 states in meeting the obligation to prLpare accounts showing a truL and f-air view accruals accounis should comply with: {a) Statements of Standard Accounting Practice (SSAPS) (b) Financial Reporting? Standards (FRPS) (c) Urgent Issue Task Force abstracts (UITFS) and in addition take note of (d} Thc interpretation for Public Benefit Entities of the Statement of Principles for Financial Reporting. Accounting Convention The Financial Statements are prepared under the historical cost convention modificd to include the revaluation of certain assets. 2. Surplus/ (Deficit) for the financial year 2024 2023 Revenue Turnover from ordinary activities 196 and after charging:_ Depreciation of owned fixed assets 18)
I."A£AL CHARI"I'ABLE'I"RUS I. CIO NO i-rs I"() J 111.. ACCOIJN I'S "OR Tl Ir. YEAR ENDED 31 MARCI4 2024 3. Siat"t" Costs and EmolumLnts 4. CIIEDITORS fALI.ING DUE WI'I I IIN ONE YEAR 2024 750 2023 Accruals 5. ANAI.YSIS OF TOTAI. FUNDS Restrictcd Funds Unrestricted Total unds Tangyible I,"ixcd Assets NLI Currenl Assets 196 196 196 196 (9)
rA7.AI. C14AIII'I'A131,1", 'fRIJSI CIO INI)I,:I)I,NI)I=N'I" F.XAMINI-II'% III'P()11 F FOR I'l IE YI-'AII I.'NI)I,'1) 31 MAIICH 2024 Wc rcporl oli thL acLounts of fazal Charitable Trust cio for thL yLar endL'd 31 March 2024, wliiLh are .sel out an pagjes 6 to g. Rl--spr.CTIVF. RF.SPONSIBII,ITIF.s or TRIJSTF.r.s AND LXAMINER ThL Lharily's Iruslces arL responsiblL for thL prLpai'ation of tlie acc(iunts and considLr that an indcpendenl examinalion is rLquircd. It is aiir responsibility lo: LxainiiiL' IhL i?Lcounls under %ection 145 0l.tlic ?() I l Aci to lollow IhL' procLdurcs laid down iii thL CJLiILral Dii'LLti()ns gyivcn by thL Cliarily Coiiimi%sioii undLr section 145{5)(b) ol'the 2() I l Acl. and to slate whetlier parlicular maltLrs havc come to our attenlion. BASIS or INDEpfNDLNT EXAMINER'S RII)ORT Our L'xaminalion was carried out in accordancc with thc Gcncral Direction gliven by thL Charity Commission. Ali excllllilliltioii includcs a rLviLw of the aLcounlingy recoi'd.s kcpt by tlic charity and a comp¢ll'i.son ol. thc, accounls prLseiited witli Iliose recc)rds. It also inLludes con5idcration of any unusual ilcms or disclosures in tlic accoiinls, and scLkingi explanatiC)ns troill you as trustccs conccrning any such matters. The procedures undcrtaken do nol provide all Ihe evidcncc that would be rLquired in an audit, and consequentl! we do not express an audit opinion on thc view gliven by Ihe accouiils. INDEPENDENT EXAMINF.R'S REPORT In coniicction with our examination, no matter has come to our attention:
FAZAL CIIARITABI.F, TRIJST CIO INDF.I)ENI)kN"I I=XAMINF.R'S RI:PORT r()R THF. YEAR ENDED 31 MAIIC14 2024 ( l ) which gyivcs us reasonable cause to believe that in any material respccts Ilie reciuirements 10 kLcp accounting records in accordance with Section 130 of the 2011 Act. and to prepare accounls which accord with the accounting records and comply wilh the accountingy rcquiremenls of the 201 l Act have not been mLt' or (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding ofthc accounts to be reached. YOUNIS BHATTI & CO I,TD C14ARTERED ACCOUNTANTS 93 Broad Street Birmingham B15 IAU Date: