Zoho Sign Document ID: 363E4942-F0VS8TLVDZ_RBPW4CX5AGQTGLOLO2DWABM9XYGYGRJ0
## **REGISTERED CHARITY NUMBER: 1204024**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
## **FOR THE PERIOD 02[ND] JULY 2023 TO 01[ST] JULY 2025**
## **FOR**
**The Foundation for Education, Arts and Culture**
My Prestige Accountant LTD Suite B 15 To 17 High Street Elstree Hertfordshire United Kingdom WD6 3BY
Zoho Sign Document ID: 363E4942-F0VS8TLVDZ_RBPW4CX5AGQTGLOLO2DWABM9XYGYGRJ0
## **The Foundation for Education, Arts and Culture CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 02[ND] JULY 2023 TO 01[ST] JULY 2025**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 2|
|**Independent Examiner's Report**|3|
|**Statement of Financial Activities**|4|
|**Statement of Financial Position**|5|
|**Notes to the Accounts**|6|
Zoho Sign Document ID". 383E4942-FOVS8TLVDZ RBPW4CXSAGQTGLOL02DWABM9XYGYGRJO
Zoho Sign Document ID: 363E4942-F0VS8TLVDZ_RBPW4CX5AGQTGLOLO2DWABM9XYGYGRJ0
## **The Foundation for Education, Arts and Culture**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 02[ND] JULY 2023 TO 01[ST] JULY 2025**
The Trustees are pleased to present their annual report for the period ended 01st July 2025. The purpose of this report is to provide information about the charity's activities, financial performance, and the trustees' stewardship of the charity's resources. This report complies with the requirements of the Charities Act 2011 and the Charity Commission.
## **OBJECTIVES AND ACTIVITIES**
The charity’s principal objective is to advance purposes that are charitable under the law of England and Wales, as determined by the trustees.
In line with this, the Foundation supports a range of public benefit activities, including grant-making and direct charitable work, with a focus on education, poverty relief, community development, health, the arts, humanitarian support, and other recognised charitable purposes.
The trustees have paid due regard to the Charity Commission’s guidance on public benefit, as required by the Charities Act 2011, when reviewing the objects and ongoing strategy of the Foundation. The Foundation ensures that proper due diligence is undertaken to establish that proposed projects are charitable.
## **ACHIEVEMENTS AND PERFORMANCE**
In line with its charitable purposes, the charity focused its activities on grant-making, educational campaigns, and direct poverty relief. The majority of funds supported UK-registered charities, selected by the Trustees based on need and alignment with the charity’s aims. Recipients were chosen for their proven ability to deliver sustainable, high-impact outcomes. Further expenditure supported public education and assistance to individuals facing recognised hardship.
## **FINANCIAL REVIEW**
The charity’s primary source of income is through donations and contributions from the Trustees.
The Trustees believe it is important to maintain reserves at a level sufficient to ensure continuity of activities in the event of an external shock or reduction in donations.
The reserves level is reviewed annually to ensure it remains appropriate to the scale and needs of the charity.
## **STRUCTURE, GOVERNANCE, AND MANAGEMENT**
The Foundation for Education, Arts and Culture is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission on 19th July 2023. The charity is governed by its three Trustees, who hold formal meetings every 3 to 4 months or as required.
The charity is led by a Board of Trustees who ensure its direction and strategy are aligned with its charitable objectives. The Trustees retain the sole decision-making power regarding the charity’s governance.
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Zoho Sign Document ID: 363E4942-F0VS8TLVDZ_RBPW4CX5AGQTGLOLO2DWABM9XYGYGRJ0
## **The Foundation for Education, Arts and Culture REPORT OF THE TRUSTEES FOR THE PERIOD 02[ND] JULY 2023 TO 01[ST] JULY 2025**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1204024
## **Principal address**
49 First Avenue London W3 7JN
## **Trustees**
Zakaria Shafi - Appointed on 19[th] July 2023 Nadeem Shafi - Appointed on 19[th] July 2023 Musarrat Iqbal - Appointed on 19[th] July 2023
## **Independent Examiner**
Hafsa Ahmed My Prestige Accountant Ltd Suite B 15 To 17 High Street Elstree Hertfordshire United Kingdom WD6 3BY
**Approved by order of the board of trustees and signed on its behalf by:**
Apr 30 2026 23:06 PKT
Zakaria Shafi **Date:30th April 2026**
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Zoho Sign Document ID: 363E4942-F0VS8TLVDZ_RBPW4CX5AGQTGLOLO2DWABM9XYGYGRJ0
## **The Foundation for Education, Arts and Culture REPORT OF THE TRUSTEES FOR THE PERIOD 02[ND] JULY 2023 TO 01[ST] JULY 2025**
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. The charity's gross income did not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my 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 Section 145(5))b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## **Basis of the 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 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 no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- 1) Which gives me reasonable cause to believe that, in any material respect, the requirements.
- to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the 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 2015)
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Hafsa Ahmed**
## **My Prestige Accountant Ltd**
Suite B 15 To 17 High Street Elstree Hertfordshire United Kingdom WD6 3BY
## **Date:30th April 2026**
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Zoho Sign Document ID: 363E4942-F0VS8TLVDZ_RBPW4CX5AGQTGLOLO2DWABM9XYGYGRJ0
## **The Foundation for Education, Arts and Culture**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 02[ND] JULY 2023 TO 01[ST] JULY 2025**
|||||Page | 7|
|---|---|---|---|---|
||||**2025**|
**2024**|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**funds**|**fund**|**funds**|**funds**|
||**£**|**£**|**£**|**£**|
|**INCOME**|||||
|Donations received|140,857|-|140,857|88,698|
|Accrued donations|(9,457)||(9,457)|9,457|
|**Total incoming resources**|**131,400**|**-**|131,400|**98,155**|
|**Direct cost:**|||||
|Cost of activities in furtherance of
the charity’s objectives:|(83,519)|-|(83,519)|(24,559)|
|**EXPENDITURE ON**|||||
|**Charitable activities**|||||
|Travel and subsistence|198||198|190|
|Rent|1.750||1,750|3,100|
|Repairs and maintenance|268||268||
|Insurance|2,267||2,267||
|Printing, postage and stationery|21||21||
|Accountancy fees|450||450|450|
|Professional fees|155||155||
|**Total resources expended**|**88,628**|**-**|**88,628**|**28,299**|
|**Interest received**|1,277||1,277||
|**NET (OUTGOING)INCOMING**|**44,049**|**-**|**44,049**|**69,856**|
|**RECONCILIATION OF FUNDS**|||||
|Total funds brought forward|-|-|-|-|
|**TOTAL FUNDS CARRIED**
**FORWARD**|**44,049**|-|**44,049**|**69,856**|
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Zoho Sign Document ID: 363E4942-F0VS8TLVDZ_RBPW4CX5AGQTGLOLO2DWABM9XYGYGRJ0
## **The Foundation for Education, Arts and Culture**
## **STATEMENT OF FINANCIAL POSITION FOR THE PERIOD 02[ND] JULY 2023 TO 01[ST] JULY 2025**
|**CURRENT ASSETS**
Cash at bank and in hand
Accrued income
**CREDITORS:**
Amounts falling due within one year:
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted funds
**TOTAL FUNDS**|**Unrestricted**
**funds**
**£**
114,355
-
**114,355**
(450)
113,905
113,905
**113,905**
113,905
**113,905**|**Restricted**
**funds**
**£**
-
-
**-**
-
-
**-**|**2025**
**2024**
**Total**
**Total**
**funds**
**funds**
**£**
**£**
114,355
60,849
-
9,457|
|---|---|---|---|
||||**114,355**
**70,306**|
||||(450)
(450)|
|||||
||||113,905
69,856|
||||113,905
69,856|
||||**113,905**
**69,856**|
||||113,905
69,856|
||||**113,905**
**69,856**|
The financial statements were approved by the Board of Trustees and authorised for issue on 30th April 2026 and were signed on its behalf by:
Apr 30 2026 23:06 PKT
Zakaria Shafi – Chair
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Zoho Sign Document ID: 363E4942-F0VS8TLVDZ_RBPW4CX5AGQTGLOLO2DWABM9XYGYGRJ0
## **The Foundation for Education, Arts and Culture NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE PERIOD 02[ND] JULY 2023 TO 01[ST] JULY 2025**
## **1. PRINCIPAL ACCOUNTING POLICIES**
## **Accounting Convention**
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 2015)', 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 with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Income Resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income, and the amount can be quantified with reasonable accuracy.
## **Resources Expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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 yearend 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.
Apr 30 2026 23:06 PKT
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