The Pakistan Society
Financial Statements
Registered charity number 249020
Year ended 31 December 2023

## **The Pakistan Society Financial Statements Year ended 31 December 2023** 

## **Contents** 

|Honorary auditors' report|3|
|---|---|
|Income and expenditure account|4|
|Balance sheet|5|
|Notes|6 - 8|



**Registered charity number 249020** 

**Page 2** 



## **The Pakistan Society Financial Statements Year ended 31 December 2023** 

## **HONORARY AUDITORS' REPORT TO THE MEMBERS OF THE PAKISTAN SOCIETY** 

We have examined the Balance Sheet and Income Expenditure Account together with the financial records of The Pakistan Society for the year ended 31st December 2023. 

In our opinion, the Society's Accounts show a true and fair view of the state of the Society's affairs for the year ended 31st December 2023. 

**Date 17 April, 2024** 

**W J Hutchinson** for and on behalf of Hutchinson & Co Chartered Accountants 3 Scot Grove Pinner HA5 4 RT 

**Registered charity number 249020** 

**Page 3** 



**The Pakistan Society Financial Statements Year ended 31 December 2023** 

## **Income and expenditure account for the year ended 31 December 2023** 

|Note<br>Incoming resources:<br>1<br>-from generated funds<br>Subscriptions and donations<br>3<br>Investment income<br>-from charitable activities<br>Events<br>4<br>Annual dinner<br>5<br>Net outgoing resources<br>-office expenses<br>Staff/external media support<br>Membership management expenses<br>Telephone<br>Photocopying<br>Printing & postage<br>Committee expenses<br>Website costs<br>0ther expenses<br>Annual subscription<br>Pakistan Society Jinnah award<br>AGM expenses<br>Financial expenses<br>Depreciation<br>1<br>(Loss)/Surplus for the year to date|£<br>5,062 )<br>(<br>2,579<br>864<br>290<br>0<br>0<br>203<br>0<br>382<br>0<br>730<br>0<br>87<br>211|**2023**<br>£<br>5,937<br>366<br>6,303<br>2,482 )<br>(<br>1,738 )<br>(<br>1,029 )<br>(<br>1,053|£<br>3,139 )<br>(<br>2,388<br>864<br>250<br>48<br>0<br>0<br>0<br>792<br>0<br>810<br>0<br>253<br>279|2022<br>£<br>4,485<br>0|
|---|---|---|---|---|
|||||4,485<br>751 )<br>(<br>1,954 )<br>(<br>1,341 )<br>(|
|||||439|



The notes on pages 6 to 8 form part of these financial statements. 

Incoming resources in each year arise from continuing activities.  The charity has no other gains or losses for the current or previous year.  There is no difference between the net outgoing resources as disclosed in the Income and expenditure account and the results stated on an unmodified historical cost basis. 

**Registered charity number 249020** 

**Page 4** 



## **The Pakistan Society Financial Statements Year ended 31 December 2023** 

## **Balance Sheet as at 31 December 2023** 

|Note<br>Fixed assets<br>7<br>Commemorative piece deposit<br>8<br>Current assets<br>Stock of award medallions<br>Debtors<br>Cash at bank<br>Creditors:<br>amounts falling due within one year<br>Net current assets:<br>Due within one year<br>Total assets less current liabilities<br>Creditors:<br>amounts falling due after more than one year<br>Reserves<br>9<br>Total funds|£<br>744<br>0<br>157,758<br>158,501<br>0<br>158,501|**2023**<br>£<br>423<br>6,860<br>158,501<br>165,785<br>0<br>165,785<br>165,785<br>165,785|£<br>1,115<br>595<br>155,711<br>157,421<br>184<br>157,237|2022<br>£<br>635<br>6860<br>157,237|
|---|---|---|---|---|
|||||164,732<br>0|
|||||164,732|
|||||164,732|
|||||164,732|



These financial statements were approved and authorised for issue by the Executive Committee on 17 April 2024 and were signed on its behalf by: 

## **Sir William Blackburne** 

**Chair** 

## **Anwar Zaidi** 

**Treasurer** 

**Date:** 17 April 2024 

**Registered charity number 249020** 

**Page 5** 



**The Pakistan Society Financial Statements Year ended 31 December 2023** 

## **Notes** 

(forming part of the financial statements) 

## **1 Accounting policies** 

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements. 

## **Basis of preparation** 

The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards, including the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2005) issued in March 2005. 

The accounts have been prepared on a going concern basis. 

## **Incoming resources** 

Subscriptions and donations are accounted for on a receipts basis. All other sources of income are accounted for on an accruals basis, matched to the period in which they occur. 

## **Resources expended** 

Resources expended are included in the Income and expenditure account on an accruals basis, inclusve of VAT. 

## **Reserves** 

All funds are unrestricted and are expended at the discretion of the Executive Committee. 

## **Commemorative Piece** 

The Society has commissioned a commemorative piece in honour of its late patron, The Duke of Edinburgh. This will be held in the Balance Sheet at cost. The piece is kept under storage at the Library of Lincoln's Inn under an Agreement with them signed  on 16 Oct 2023 and expires on 31 Aug 2028. 

## **Stock of Medallions** 

The cost associated with producing four medallions held in stock will be written off as the Medallions are used. As at date stock of two medallions are in hand and stored at Fattorini's. 

## **Fixed assets and depreciation** 

Tangible fixed asets are measured at cost less depreciation and any provision for impairment. Depreciation is calculated to write off the cost less estimated residual value over their estimated useful lives on the following basis: 

Furniture and equipment  - 25% straight line basis 

An impairment review has been carried out on the assets brought forward and the Executive Committee has written out those assets of nil value. 

## **2 Legal status of the Charity** 

The Pakistan Society is an unincorporated charity. 

## **Registered charity number 249020** 

**Page 6** 



**The Pakistan Society Financial Statements Year ended 31 December 2023** 

## **Notes** (continued) 

## **3 Analysis of subscription and donation income** 

|Unrestricted funds<br>Annual subscriptions<br>Life subscriptions<br>Corporate subscription<br>Donations<br>**4 Events**<br>Organised by the Pakistan Society<br>Sponsorship of other Pakistani Events<br>**5 Annual dinner**<br>Revenue<br>Costs|**2023**<br>£<br>4,020<br>1,750<br>0<br>167<br>5,937<br>**2023**<br>£<br>5,062<br>0<br>5,062<br>**2023**<br>£<br>30,010<br>-27,431<br>2,579|2022<br>£<br>3,340<br>1,000<br>0<br>145|
|---|---|---|
|||4,485|
|||2022<br>£<br>3,139<br>0|
|||3,139|
|||2022<br>£<br>24,140<br>-21,752|
|||2,388|



## **5 Staff numbers and costs** 

The Society did not employ any staff in the year. None of the committee members received remunerated in respect of their office 

## **6 Taxation** 

The Society is a registered charity and is not liable to tax on its subscription income, donations and on its charitable activities. 

**Registered charity number 249020** 

**Page 7** 



**The Pakistan Society Financial Statements Year ended 31 December 2023** 

## **Notes** (continued) 

## **7 Fixed assets** 

|**7 Fixed assets**||||||
|---|---|---|---|---|---|
||Furniture|Computer &|Screen &|P'copier|Total|
||& banners|video camera|Projector|& scanner||
||£|£|£|£|£|
|Cost||||||
|Balance brought forward|0|846|0|0|846|
|Write-off cost of disposal|0|0|0|0|0|
|Additions/(disposals)|0|0|0|0|0|
|Balance carried forward|0|846|0|0|846|
|Accumulated depreciation||||||
|Balance brought forward|0|211|0|0|211|
|Write-off depr for disposal|0|0|0|0|0|
|Charge for the year|0|211|0|0|211|
|Balance carried forward|0|422|0|0|422|
|Net book value at 31.12.23|0|423|0|0|423|
|Net book value at 31.12.22|0|635|0|0|635|
|**8 Commemorative Piece**||||||
|||||**2023**|2022|
|||||£|£|
|Cost||||6,860|6,860|
|**9 Reserves**||||||
|||||**2023**|2022|
|||||£|£|
|Balance brought forward||||164,732|164,293|
|Surplus/(loss) for the year to|date|||1,053|439|
|Balance carried forward||||165,785|164,732|



**Registered charity number 249020** 

**Page 8**