The Pakistsn Society Financial Statements Registered charity number 249020 Year ended 31 December 2024
The Paklgtan Soclety Flnanclal Statefflenl# Year ended 31 December 2024 Contents Honorary auditors. report Income and eXtEnditU account Balan sheet Notes R•gl¥tsr•d charlty numbor 249020 Pag• 2
The Pakl$tsn Soclety Financial Ststements Y•ar endèd 31 D0Mbol 2024 HONORARY AUDITORS. REPORT TO THE MEMBeRS OF THE PAKISTAN SOCIETY We have examined the Balance Sheet and Income Expenditure Account together wth the financial records ol The Pakistan Society for tre year ended 31st Dember 2024. In our opinion, the Society'5 Accounts show a true and fair wew of the state of the Socievs affairs for the year ended 315t Decernber 2024. Date WJ Hutchlnlon for and on behalf of Hutchinson & Co Chartered Accountsnts 3 Swt Grove Pinner HA54RT Reylst•r•d charlty number 249020 Pagè 3
The Pakl$tan Society Financial Statemonts Y•ar •nd•d 31 December 2024 Income and Expenditure account for the year ended 31 December 2024 2024 2023 Note Incoming resources". -From generated funds subscripts.ons and donations Investrnent income 5.596 4.070 9.666 5,937 366 6,303 -From ch8ritabl8 actiwt88". Events Annual Dinner 9,6071 5,604 1 S,(2 1 2,579 4,0031 1 2,4831 Net outgoing resources.. -office expenses Stafflextsrnal me¢Jia support M8rnbership rn8nagement expenses Telephone Photocopwng Printing & postage Committee expenses Website costs 864 290 290 391 203 420 382 1,949 1 -0th8r 8xp8nsa8". Annual subscrity.on Jinnah Award medallions AGM expenses Royalty expenses Financial ekpenses Deprea8tion 650 458 500 730 87 211 211 2,210 1,504 1,028 1.053 Surplus I (Loss) for the year ended The notes on pages 6 to 8 form part of these finanaal 8tat8m8nts. Incorning resources In each year anse from continuing acts"vities. The tharity has no other gains or losses for the current or previous year. There 15 llo difference beeen the net outgoing r8souices a5 disd058d In the Income an¢J Expendrture account and the stated on an unmodified, historical-COSt basis. Regl$tered ¢harlty number 249020 Pag•4
The Paklstan Soclgty Financial Statements Year ended 31 December 2024 Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets 212 423 Commernorative piece 6,860 6,860 Current assets Stock of Jinn8h Award med811ions Debtors Cash at bank 3.034 744 157.182 160,217 157,758 158.501 Credrtors.. arnounts falling due wthin one year Net current assets.. Due wthin one year 160,217 158,501 160,217 158,501 Total assets lèss current liabilities 167.289 165,785 CrEditotS. ounts falling due 8fter more than one year 167.289 165,785 Reserves 10 167,289 165,785 Total Funds 167,289 165,785 The58 financi815tatements were approved and authorised for issue by the Executive Commrttee on 12 May 2025 and were signed on its behalf by. Mal Gen Seumas Kerr CBE Chalrman Anwar Zaidi Tr8a8urer Date.. 12 May 2026 Regi8tsrad charity numbor 249020 Page 5
The Pakistan Soclety Flnanelal Stat•m•nts Year ended 31 De¢ember 2024 Notes Iforrning part of the financi81 Statements) 1. Accounting policies The following accounting policies have applied consistently in dealiThJ with items which ar• CL)nsidered material in relation to the financial statements. Basls of prep3ration The financial ststements have been prep8r6d undèrthe histoncal cost convention and in accordance with applicable accounting standards. including the Statement of Reccffimended Practi, A¢UnIg and Reporbng by Charitses ISORP 20051 Issued In March 2005. The accounts have been prepared on a going conc8m b8SIS. Incomlng resources Subscriptions and donabons are accounted lor on a receipts basis 1 other sources of incorne arg accounted for on an accruals basi5, rnatched to the period in which they occtsr. Resources expended Resources exp8nd8d are included in the Income and Exp8nditure account on an accruals basis. indusve of VAT. Reserve5 I funds are unrestrictsd and a expended at the dis¢yetion of the ExecLrtive Commrttee. Commemora PKgce The Society has commissioned a commemoratr've ple in honour of 1t5 late patron, The Duke of Edinburgh. This will be held in the Balance Sheet 8t cost. The pl8 is kept under Storage at the Library of Lincoln's Inn undér an agra8m•nt wth them signed on 16 October 2023 8nd eXre$ on 31 August 2028. Siock of Medalllons The cost associated with producing Jinn3h rnedallion5 held in stock will be written off as th med811i¢ns arè used. As at data, 8 stock of 7 rnedallions (includes 6 rnedalliM$ purchased during the yearl are in hand an(J stored at Fattorini's (medallion rnakersl. Fl¥ed assets and depredation Tangible fixed a5et5 are Thea5uied at cost less depat10Th and any proM5ion for impaimient Depreciation is calculated to write off the cost less esbrnated residual value over their estimated useful lives on the followng basss", Fumiture and equipment - 25% straight line basis An impairrn8nt review h85 be8n camed out of the assets brought forward and, whereever app¢cablè, the Executs"v Committee has written out those asS8ts of nil value. 2. Legal status of the Charity The Pakistan Souety is an unincorporated charity. R6glstered charlty number 249020 Page 6
The Pakistan Society Flnanclal Statements Year ended 31 Decemb•r 2024 Notes Icontinuedl 3. Analy51s of 5ubstrfptlon and donatlon Income 2024 2023 Unrestricted fvnds.. Annual subscnptions Life subscriptions Corporate subscription Donations 4,040 1,500 4,020 1,750 56 5,596 167 5,937 4. Evonts 2014 2023 Organised by The Pakistan Society Sponsorship of other Pakistani events 9.607 5.062 9,607 5,062 5. Annual dlnner 2024 2023 Revenue Costs 32,945 -27.341 30.010 -27,431 2,579 6. staff numbers and ¢05ts The Society did not employ any Staff in the year. None of the Executive Committee mpjnbers r1Ved any remuneration in respect of their office. 7. Taxatlon The Soc4ety is a wistered charity and is not liable to tsx on its sub5CriPtion income, donati(5 and on its chartsble activib'es. Reglstgrgd ¢h8rlty nurnber 249Q20 Po9e 7
The Paklstan So¢l•ty Financial Ststements Year ended 31 December 2024 Notes Icontinuedl 8. Flxed assets Computer & video carnera Totsl Cost Balance brought forward Write-off cost of disP05al Add'On$1Idisp0sat5j Balance caffied forward Accumulated depreciation.. Balance brought foTward Write-off depr for disposal Charge for the year Balance carried forward 422 422 211 634 211 634 Net boc4( value at 31.12.24 212 212 Net bo¢)k value at 31.12.23 423 423 9. Commomorative Piece 2024 2023 Cost 6,850 6,860 10. Reserves 2024 2023 88lance brought forward Surplus I Ilossl for the year to date 185,785 1,504 164.732 1,053 88lance carried fOard 187,289 165.785 Règlstsred charity number 249020 Page 8