Registered number 1203954
FAZAL CHARITABLE TRUST CIO
Trustees Report and Accounts
31 March 2025
FAZAL CHARITABLE TRUST CIO TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (Registry Charity Number 1203954)
CONTENTS
1 Trustees' Report
5 Statement of Trustees' Responsibilities
6 Statement of Financial Activities
7 Balance Sheet
8 Notes to the Accounts
10 Independent Examiner's Report
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FAZAL CHARITABLE TRUST CIO TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report and the accounts for the year ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Full name of charity is Fazal Charitable Trust CIO Registered Charity number is 1203954 Charity's principal address is: Unit 1 50 James Road Birmingham B11 2BA
The trustees who served during the financial year were: Mr Waqas Liaqat (Chair) Mr Jawad Ali Mr Humza Waqas
STRUCTURE GOVERNANCE AND MANAGEMENT
Fazal Charitable Trust CIO is a not-for-profit organisation with a governing constitutional document.
Management of the affairs of the charity is directed by a management committee which meets twice a year. The charity may appoint and determine 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.
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FAZAL CHARITABLE TRUST CIO TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
includes a prayer room, offering a space for individuals to find spiritual solace and practice their faith.
Future Objectives
While the Mirpur base continues to serve as a cornerstone of the Trust's mission, Fazal Charitable Trust CIO is expanding its focus to address poverty and hardship in Birmingham, UK. The initiative aims to support impoverished individuals within the city by providing esential services and aid. Plans are being developed to replicate the successful model implemented in Mirpur, ensuring that the Trust's impact reaches communities in need across borders.
Vision
Fazal Charitable Trust CIO is driven by a simple yet powerful vision: to uplift the underpriviledged and foster a sense of community and care. By addressing basic needs such as food, shelter, and spiritual well-being and extending their compassion to animals, the Trust aspires to create a world where everyone - human and animal alike - can access essential support.
Conclusion
From its roots in Mirpur to its upcoming projects in Birmingham, Fazal Charitable Trust CIO stands as a beacon of hope and humanity. With a dedicated team, strong community ties, and an unwavering commitment to service, the Trust continues to bring positive change to those who need it most.
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FAZAL CHARITABLE TRUST CIO TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
The Statement of Financial Activities shows a net surplus of £4527 for the year and accumulated reserves at 31 March 2025 amount to £4723.
During the year the charity received total income of £42,000, which was applied towards the delivery of its charitable objectives and the development of future fundraising capacity
The charity incurred fundraising and marketing costs of £17,000 during the year. These costs were primarily incurred to increase awareness of the charity’s activities, attract new donors and expand outreach within the local community. The trustees consider this expenditure to be appropriate and in the best long-term interests of the charity, and will continue to monitor fundraising performance to ensure resources are used effectively.
The remaining expenditure was applied directly to charitable activities in furtherance of the Trust’s aims
The trustees have reviewed the reserves of the charity and found them satisfactory for the financial year ended 31 March 2025.
APPROVAL
This report was approved by the trustees on 31/01/2026 and signed on its behalf by
Mr Waqas Liaqat (Chair)
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FAZAL CHARITABLE TRUST CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| INCOMING RESOURCES Incoming resources from Generated funds: Activities for generating funds Incoming resources from Charitable activities Total incoming resources RESOURCES EXPENDED Cost of generating funds: Other costs Charitable activities Governance cost Net movement in funds Total funds brought forward Total funds carried forward |
Restricted funds £ Unrestricted Funds £ Total 2025 £ Total 2024 £ 45,738 45,738 6,642 45,738 45,738 6642 17,375 23,086 6,446 750 41,211 6,446 4,527 196 4,723 196 |
|---|---|
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FAZAL CHARITABLE TRUST CIO STATEMENT OF TRUSTEES' RESPONSIBILITES FOR THE YEAR ENDED 31 MARCH 2025
Trustees are required by charity law to prepare financial satements for each financial year which gives a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:-
-Select suitable accounting policies and then apply them consistently;
-Make judgements and estimates that are reasonable and prudent;
-Prepare the financial statements on a going concern basis unless it I inappropriate to presume that the charity will continue in business;
-State whether applicable accounting standards and statements of recommended practive have been followed.
The trustees are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
ON BEHALF OF BOARD
Mr Waqas Liaqat (Chair)
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FAZAL CHARITABLE TRUST CIO INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025
We report on the accounts of Fazal Charitable Trust CIO for the year ended 31 March 2025, which are set out on pages 6 to 9.
RESPECTIVE RESPONSIBILITES OF TRUSTEES AND EXAMINER
The charity's trustees are responsible for the preparation of the accounts and consider that an independent examination is required.
It is our responsibility to:
-*examine the accounts under section 145 of the 2011 Act
-*to follow the procedures laid down in the General Directions given by the Charity Commission under session 145(5)(b) of the 2011 Act; and
-*to state whether particular matters have come to our attention
BASIS OF INDEPENDENT EXAMINER'S REPORT
Our examination was carried out in accordance with the General Direction given by the Charity of Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
INDEPENDENT EXAMINER'S REPORT
In connection with our examination, no matter has come to our attention:
(1) which gives us reasonable cause to believe that in any material respects the requirements
-to keep accounting records in accordance with Section 130 of the 2011 Act; and -to prepare accounts with accord with the accounting records and comply with the accounting requirements of the 2011 Act have not met; or
(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
OTHER MATTER (FUNDRAISING AND MARKETING DISCLOSURE)
Without modifying our report, we draw attention to the disclosure in the Trustees’ Annual Report and Note X to the accounts regarding fundraising and marketing expenditure. The charity incurred marketing costs of £17,000 during the year, which are included within “Cost of generating funds” in the Statement of Financial Activities. The trustees have provided an explanation of this expenditure within their report.
MZ ACCOUNTANTS LTD 296 Shaftmoor Lane Birmingham B28 8ST
Date: 31/01/2026
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