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2024-12-31-accounts

Registered charity number 1205631

Musafir

Trustee's Report and Accounts

31 December 2024

Musafir

CONTENTS

Page
Legal and administrative information 1
Trustee's report 2-3
Statement of financial activities 4
Balance Sheet 5
Notes to the financial statements 6

Musafir

CHARITY INFORMATION
Charity number 1205631
Registered Office 23 Lomeshaye Road
Nelson
BB9 7AS
Trustees Zia Mohiuddin
Mehar Ali Malik
Muhammad Naeem Ud Din Khan

Musafir

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024

The trustees present their report and the financial statements for the year ended 31 December 2024. The trustees who served during the year and upto the date of this report are set out on page 1.

Structure, governance and management

Musafir was registered as a CIO on 8th November 2023

The directors, who are the trustees in charity law are responsible for the overall management and control of the company working with other persons on an entirly voluntary basis.

Trustees are appointed in accordance with Musafir constitution. Once appointed, Trustees are given introduction of the charity and information about its objects, Trustees are also given the copy of the consititution and aims and objective, role description are issued to each trustee and full induction is given setting out the obligations of a trustee. All trustees are issued with copies of the Charity Commission's guidance.

The trustees meet every 3 months.

The trustees actively review the major risk to which the charity is exposed to on a regular basis, in particular those relating to its operations and finances. The system is established to mitigate these.

Objectives and activities for the public benefit

The prevention and relief of poverty and financial hardship throughout the world by providing grants, items and services to individuals in need and/or charities or other organisations working to prevent or relieve poverty.

Achievement and performance

During the year we succesfully opend a bank account and started fundraising for our overseas programmes.

Musafir

REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2024

Financial Review

The charity relies on on voluntary income which is £11211 for the period ended 31 December 2024.

Plan for the future

We will continue with our core activities of supporting orphans and establishing schools in some of the most poverty stricken areas of the world.

Statement of trustee's responsibilities

The trustee are responsible for the preparing the Trustees' Annual Report and financial statements in accordance with applicable law and United Kingdom generally Accepted Accounting Standard.

In these financial statements, the trustees are required to:

Select suitable accounting policies and then apply then consistently; Observe the methods and principle in the Charities SORP; Make judgement and estimates that are reasonable and purdent; State whether applicable UK Accounting Standard have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statement on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper 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 1993. They are also responsible for safeguarding the assets of the charitable trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the board

Zia Mohiuddin

Date: 26th September 2025

Musafir

STATEMENT OF FINANCIAL ACTIVITES

FOR THE YEAR ENDED 31 DECEMBER 2024

STATEMENT OF FINANCIAL ACTIVITIES
Notes
Incoming Resources
Incoming Resources from Generated Funds
Donations
Total Income Resources
Resources Expanded
Charitable Activites
2
Governance Cost
4
Support Cost
3
Total Resources Expended
Reconcilation of Funds
Net Income/(Outgoing) Resources
Transfers between Funds
Net Movement in Funds
Total funds brought forward
Total Funds carried forward		 Unrestricted Restricted
Total
Total
Funds
Funds
2024
2023
11,211
-
11,211
-
11,211
-
11,211
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
11,211
-
11,211
-
-
-
-
-
11,211
-
11,211
-
-
-
-
-
11,211
-
11,211
-

Musafir

BALANCE SHEET

AS AT 31 DECEMBER 2024

'2024
Notes
£
£
Fixed assets
0
Current assets
Cash at bank
11,211
Debtors
11,211
Creditors: amount falling due within
one year
-
Net current assets (liabilites)
11,211
Total assets less current liabilites
11,211
Creditors: amount falling due
after one year
-
Net Assets
11,211
Funds
Unrestricted Funds
11,211
Restricted Funds
11,211
Approved by the Trustees on 26th September 2025 and signed by:
Zia Mohiuddin		 '2023
£
£
0
-
-
-
-
-
-
-
-
-		 '2023
£
£
0
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Musafir

NOTES TO THE ACCOUNTS FOR THE ENDED 31 DECEMBER 2024

1 Accounting policies

1.1 Basis of accounting

The financial statments are preapred under the historic cost convention and in accordance with the Financial Reporting statndards, the Statement of Recommended Practice 'Accounting and Reporting by Charities 'issued in March 2005 (SORP 2005) and the Charities Act 1993.

1.2 Funding accounting

Unrestricted funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity

Restricted funds are thise donated for use in a particular area or for specific purpose, the use of which is ristricted to that area or purpose.

1.3 Incoming resources

All incoming resources are included in the statement of financial activites when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

1.4 Resources expanded

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which can not fully recovered, and is reported as part of the expenditure to which it relates.

Goverance costs include those costs associated with meeting the consititutional and statutory requirements of the charity and costs linked to the strategic management of the charity.

1.5 Depreciation Depreciation is calculated to write off the cost, less estimated residual values of tangible fixed assets over their estimated useful lives to the Charity. The annual depreciation rates and methods are as follows:-

Equipment - 4 years

2 Cost of charitable activites

----- Start of picture text -----
Unrestricted Restricted 2024 2023
Funds Funds Total Total
£ £
- - -
Grants payable
- - -
----- End of picture text -----

Musafir

NOTES TO THE ACCOUNTS FOR THE ENDED 31 DECEMBER 2024

3
Support cost
Fundraising costs
4
Governance Costs
Accounts Fees		 2024
2023
-
-
0
0
2024
2023
-
-
0
0

5 Taxation

The charity's activities fall within the examptions afforded by the provisions of the income and Corporation Act 1988. Accordingly, there is no taxation charge in these accounts.