Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
The Bestway Foundation
ANNUAL REPORT AND FINANCIAL STATEMENTS
For the
ear eHded 30 June 2025
Charity No. 297178

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
The Bestway Foundation
CONTEKrs
Page
Legal and admimithative infom]ation
T￿￿tee8, Repoil
24
Independent Auditor's Report
Stateinent of FinarEcial Activities
Balance Sheet
Statement of Cpsh Flows
10
Notes to the Financial Statements

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
The Bestway Foundation
LEGAL AND ADMtNtSTRATIVE INFORMATION
TRUSTEES
Sir MohaTnmed Anwar Peivez, OBE H Pk (Chairman)
Lord Zameer Mohamined Clioudrey. CBE, Sl Pk
Mohaintned Youllus Sheikh (Deceased 26 January 2026)
Dawood Pervez, BA (HoThs}, FRSA, MA OXON, Soli¢itoi'
RizwaTr Pervez, ACA
The Honourable Haider Zameer ChoudiEy, MAIHons) Cantsb, ACA
SECRETARY
Moliammed Younus Sheikh (Deceased 26 January 2Q26)
PRINCIPAL OFFICE
Bestway Fouttdation
Abbey Road
Park Royal
Londoii
NWIO 7BW
ll¥DXPENDENT AUDITOR
Cooper Pttiyy Group Limited
Cubo Btrminghan)
4th Floor
Two Chamberlain Squair
Birniingham
B3 3AX
BANI(ERS
HSBC Bank plc
Apex House
Reading
RGI IAX
Habib Bank Zurich
Habib House
42 Mooi'gate
London
EC2R 6JJ
Page I

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
The Bestway Foundation
TRUSTEES, REPORT
foi. the yeai. ended 30 June 2025
The tt'ustees of The Bestway Foundation present their annual report and f￿anCIal $18t¢ments for the yeai. ended
30 June 2025 and confmn that they ¢omply with the i'equirements of the Chai'ities Ael 2011, the chai'itable decd
of rovenant atEd the Charities Statement of Recoi)llllended Practice applicable to ¢h•iities prepaYi￿g their accounts
iu accordance with the Financial Reporting Standard applicable in the UK 8nd Republic of Ireland IFRS 102)
(issued October 2019).
ORGANISATION
The Charity ss govemed by the charitable deed of covenant dated 20 July 1987 aRd a supplemental deed atid deed
of variation dated 30 Juthe 1992. The charity is registered in the UK and its registraiion No. is 297178. The trustees
of Bestway Found8tion al'e listed on Page l.
The trustees have overall I"esponsibility for the day-to-day Inanagemeut and control of the charity. All the trustees
are directois and shttitholders of Bestway Group Limited. The power of appoiiitiiig new and additional twstees
and reappointmcnt ofremaining tt'ustees ts vested in Bestway GIDup Limited. Th¢ h'ustees meet once evely month
to i'eview thc abjcctives and tlie activities of the charity.
RECRUITMENT AND INDUCTION OF TRUSTEES
The Ti'ust Dccd pi'ovides for a minimum of 3 trustees, to a maximutn of 9 trustees. There were no changes in
trustees during th¢ yeai. ended 30 June 2025.
TRUSTBES, RESPONSIBILITIES IN RELATION TO THE FTrJANCIAL STATEMENTS
The chai'ity trustees air respoiisible for prepai'ing A trustees, annual IEpoit aRd r￿unlial stateinents in accoi.dance
with applicablc law and United Kingdoin Accounting Standai'ds (United Kil￿don1 GeJi¢i'ally Accepted
AccountÈng Practice).
Law applicable to chai'ities in Engl8nd & Wales requuES th¢ ¢h8]'ity trustees to prepoir financial statements for
eacli yCaT whith give a tt'ue and fair view of the state of affaii's of the Lhdrity <ind or Éhe incoming i'esources and
api)lication of resources. including the income and ¢xpenditui'e. In preparing the f￿ancial stateinents, the trustees
al'e requiitd to..
sel¢¢l 5Uitable acei)unting policies and then apply thein consistently.
obserY£ the meth(xls and pi'inciple5 ill the Charities SORP 2019 (FRS102).
make judgeincnls and estiii)at¢s that are reasonable and prudenL
state whetlier applicable UK accounting stamdards have been followed, subject to aijy Inaterial departures
di8clo8cd and explained the financial stateinents.
piepare the fjnancial statcment$ on the going conceill basis unless it is inappropriate to presume that the
charity will Continue iii business.
The ttustees are responsible for keeping proper accountillg records that disclose with I'easonable a￿￿TacY at aiiy
time tlie f￿ancial PDSltion of the ¢harity and to enable tliein to eiiswr that the fmancial statements comply with
the Charities Act 2011, the Charities {Accounis and Reports) Regulation 2008 and the provisions of lh¢ d¢ed of
covenanL They are also i'esponsible for safeguarding the assets of the charity and hence taking ira50nable steps
for the preveution aiid detection of fraud and othei. ilTegularitses.
The trustees are responsible for the maintenance and integrity of the corpordte and f￿ancIal infortnation included
on the cl)ai'Éty's website. Legislation in the United Kingdoin governing the pieparatioll and dIsse￿[natIon of
fll)an¢ial statements may diffei. from legislation in ollieA' jurisdictions.
Page 2

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
The Bestway Foundation
TRUSTEES, REPORT
for the year ¢nd¢d 30 June 2025
OPERATING PRtNCIPLES AND OBJEcfivES
The chai'ity operates for the public benefit through the aohievemellt of its objectives, beillg,.
l. The advancement of education foi. Ibe public beDefit in both the United Ktngdom and ov￿5¢aS by
providing asslstance by way ofgr&nts, endowma)Is, scholai'ships, loans oi. otherwise as theTrustees shall
in their &bsolute disoirtion decide, to school¢hildren and students, who ait of Indian, PakEstaJii,
Baiigladeshi, oi. Sii Lankan origin.
The relief of sicknes5 and the pitseivation and pi'otection of health for the benefit of the public in both
the United Kingd(Trm and overseas witli partieulai. refei'ence lo ￿ld14 Pakistan, Bangladesli aiid Syi Lanka
by way of g¥ants or endowments to existing hospita15, clinics oi. medical ￿e3]th establishmejits, by
buildii)g or endowing iiew hospitals or clinics or ITI such other mallnei. as the trust¢¢s shall in their
discretion dectde.
The Tiwstees have taken aeeount of the infomation contained in the Charity Commi&sion's general guidance on
public benefit wheii reviewing the objectives aThd in planning the future activities of the charity.
GRANTS POLICY
The two majL)r recipients of the grants are UK and For¢ign Charities, both irgistered and noE]-registei'ed, and
acadeinic institutions. Bestway Foundation awards gi.a￿tS to those c￿￿.1ties, which are Cllgagcd in activitÈes that
endorse the Foundation's objectives. The majoiity of the grdnts ar¢ i￿ade on an annual basis.
Donations on behalf of students are iisually made direct to academɢ Institutions. The payments inade to students
air n)ad¢ keeping in mind the individual's fainily cii'cllinstances and are in line witli the objectives of th¢ cliai'ity.
In the year ended 30 June 2025, Bestway Foundation award¢d grants to a total value of £471,709 (2024..
£1,101,580). Details of giants awarded duiing the year are given in Note 5 to the f￿ancial statetnenls.
FINANCIAL REVIBW AND INVESTMENF POLICY
The in¢omÈng resources comprises of income from various investtllents and other donations.
Dui'ing the y¢ar, Be8tway Foundation awarded 5 grants to institutions and 20 grants donations to individuals.
Fui)ds forthe charity are held Tn a variety of llivestment instrttitieiits, comprising of UK equities and fuced income
$¢CUTItE¢s. Th¢ ts'ust¢e5 consider the income IEquirements, tlie risk pi'ofile and the investtllent managei"'s view of
th¢ illark¢t prospects in the medium tei'm. Tlie sti'ategy is reviewed by the Trustees with the investment manag•E
annually,
RESERVES POLICY
B¢stway Found&tioi]'s funds of £3,740,579 are uni'estricted tsnd represenl the cliai'ity's free irserves, 11 is
envisagd by th¢ tt'ustees to build up sufficient reseyyes by investing 501d shal'es in fixed deposit account, so that
donations ai'B inade of the allnuElies i'eceived from the investment of the said res￿Ve5. The twstees regularly
review the level of the reserv¢s.
Page 3

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
The Bestway Foundation
TRUSTEES, REPORT
for the year ended 30 June 2025
RISK MANAGEMENT
The ¢rustees of Bestway Foundation have considered the majoi. risks faced by th¢ ¢harity. Appi'opriate proceduirs
are established in ordei. to manage and mitigate those risks. The Inajorrisks to th¢ ehai'ity, including Iiow they are
mitigated, air-
Misinanaged finat)ces- ManageTnenl creates and simplifies policy instt'u¢tions, stating to whoEii the charity
has paid out to during the year.
Reseives Policy - Ti'ustees ensur¢ Iliat enough reserves are available to the charity for use in unforeseen
cuKuinstances.
Flucluations in Investments- Truslees ensure an appvopi'iate investment policy is adopted to get a good i'elum
froni the investments held.
PERFORMANCE REVIEW AND oifFLOOK
DuTing the period under review the Bestway Foundation continued to pi'owide assistance to local aiid international
charities. V8J'lOIES Students both from the UK aiid abi'oad weir provid¢d grants / scholarships I bu￿￿rIeS to assist
thein with theii. eduealioLI.
The Bestway Foundation in the futui'e seeks to deepen its relatioiiships with varEou& UIC based ch&rities such as
British Asian Trnst, Criinestoppers. Duke of Edtnbui'gh's Awards etc. and British Univrrsilies such as Univti'sities
of Bradford, Oxford, Kent atjd Cambridge.
FUNDIIAIStNfj
Bestway Follndation does not undeilake any fundraising activities dir¢ctly. The ￿ndS raised in the yeai. g*re from
a fiindraising cvent I'un by Bestway Wholesale Ltd. The funds froin this evenl were pi'incipally I'eceived from
rant fi]ndci's, CO￿Orate partnei'ships, and supplieiB and throubih soine individual donoi's. No professional
fundrai8crs oi. fundraising ageJ]cies weir used in relation to this evenl no ¢oinplaints hav6 beet) ieceived by
t]ie chai'ity ill relation to this fundraising event.
GOtNG CONCERN
Tlic Trustees have Considered the impact of slow e¢oiiomic growth and considpJ' that it does not have a material
iinpact 01) the Foundation due to level of cash reserves and TnsDimdl (Innual fixed Cost base.
PUBLIC BENEFIT
The TNst¢es contillue to keep the Chai'ity Coinn)i58ion's guidance on publEc benefit undei. review when
coiisidei'ing its futuir actÉvitie5.
BY ORDER OF THE TRUSTEES
Dawood Pervez
Trustee
D&t¢'. 20 April 2026
Pctge 4

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
AUDIT REPORT FOR THE TRUSTEES OF THE BESTW AY FOUNDATION
Oplnloii
We have audited the financial statements of The Be5tway Foundation {"the charity") foi. the year ended 30 June 2025
which comprise the stateinent of financial aetivilies, the bzlallce sheet and notes to the financial statements, including
summaiy of sigttifi¢#nt accounting poli¢ie5. The f￿anGla1 I'¢porting fi'ainewot* that has been applied in their
preparation is applicable law and United Kingdom AccountRng Standai'ds, including Fillaneial Reporting Standard
102 'The Financial Reporting Staiidard applicable in the UK and Republic of ljrland, (United Kingdom Gen￿allY
Accepted Ac¢ouTrting Pixttice).
In our opinion, the fmaneial staternents..
give a true and fair wiew of the state of tl)e eharity's affall's as at 30 June 2025 and of the charity's incoming
resou￿¢5. incI￿a]ng its in¢ome aiid eXpendI￿Ve for the year ended.
have beell pi'opevly prepared ill a¢cordance with United Kingdom Get)erally Accepted Aecounting Practice.
and
have be￿ prepared in accordance witb the requirements of the CharÉties Act 2011.
Basts for opinion
We conducted our audit in accoi'dallce with International Standai'ds on Auditing (IJK) {ISAs (UIC}l and applicable
law. Oui. responsibilities under those standards are further described in the Auditoi s rcsptsnsibilities for the audit of
the finai)cial statetnents section of oui. report. We are independent of th¢ charity in accordance witii the ethical
i'equirements irlcvant to our audit of the fjnancial stateinents in the UK, includirkg the FRC'S Ethical Standard, and
we have fulfjlled our otha. ethieal respon5ibili(ies accoi'dance with th¢se requircmciits. Wc believe that the audit
evidence w¢ have obtained is sufficient and appropriate to provide a basis foi. our opinion.
Conclusions related to going conc¢rn
tn auditii?g the financial statements, we l)avE con¢ludd thatthe trustee5' use of the going concern basis of accounting
in the prepaiation of the fjnancial stat¢Enrnls is appropriate.
Bas¢d on the woyk we have perfornied, we h&ve not identified any n]aterial uncertainties relating lo eyents or
conditions that, individually or coll¢clively, may cast significant doubt on the eliaiity's ability to continue as a going
concei'n for a peri(xl of at least 12 months fiY)m when the financial statements are allihoyised for issue.
Oui. responsibilities and tlie responsibilÉties of the truste¢s with iespect to going ¢oi)cern aiE described in the relevant
sections of this i'eport.
Other infoi'mation
The otiiei. infoiwation comprises the inforniation iiicluded in the ti'ustg¢s' repoi"t, other than the fiiian¢ial statements
and our auditoi s I'eport thereon. The trustees aiE respan8ible for thc othei. infomation contained withiii th¢ b'ustees,
poit. Our opinion on the financial statemeiJts does Dot coverthe other ittfonnation anl except to tlie extent otlierwise
expliGitly stated tn our report, we do not expi'es5 any forin of assuran¢e ¢ot)cluston thei'eoTh.
OLir responsibility is to read the other infoiTration and, ui doing so, Consider whether the other infoi'mation is
Inatei'ially in¢onsRstent with the financial statements or oui. knowledge obtaiiied in the course of the audit OJ. otheivise
appears to be materially misstated. If we i<lentify such material inconsistencies or apparent inaterial n)ssstatemeiits,
we are i'equwed to deten￿1￿)e whethei. tliis gives rise to p mateiial misstateinent in the finaiicial statements themselves.
If, b£tsed on the work we have pcrfomjed, we ¢on¢lud¢ that Ihei'e is a inaterial misstatement of this other infomiation,
we ttre required to report that fact.
We have nothing to Teport in this i'egard.
Pagg 5

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
AUDIT REPORT FOR THE TRUSTEES OF THE BESTWAY FOUNDATION
Matter5 OA ivhleh w¢ ar¢ r¢qulred to repoi't by exceptlOD
We have nothii)g to r¢poi1 in respect ofthe following matters in trlation to whi¢h the Charities (Accounts and Reports)
Kegulations 2008 ￿qll1r¢ us lo report to you if, in our opinion:
the l￿fOrMatIon given in the trustee5' report 1$ inconsistent in any inaterial I'espect with the finaDcial
statements; or
sufficsent accountii)g records have not been kept. or
the fsnancial statements air not agreement with the accountti)g records. or
we have not re¢¢ived all the infoi'jnation and explanaÉions we requii'e for our audit.
Re5ponsablllties of tru$lee$
As explained more fully itt the Statement of Trustees, responstbilitie5, the trustees al'e responsible for the pi'eparation
of the fsnancial statemeiils and for beuig satisfied that they give a true and fair view, and for such intenial conts'ol as
the Illlstees determuie Rs necessary lo enab16 the pieparation of f￿￿￿(la1 statements that aiE free fi'om material
misstateinent, whethei. du¢ lo fraud oi. en'or.
ID preparing tl)e financial statements. the trustets air responsible for a8sesSiTI8 the charity's ability to continue as a
going concern, disclosing, as <ippl&cable, Inattei% I.e￿ated to going conc¢n] and usinE the going conceim basis of
accounting unless th¢ twste¢5 eithei. int￿ld to liquidate the chai'ity oi. to cease opei'ations, or hav¢ no realistic
altenjative but to do so.
Auditor's responsibAlitlt$ foi. the audit of tlie finanelAI stRtemeiits
We have been appointed as auditor under Section 144 of the Charities A¢1 2011 and report in ac¢oiYlane¢ with the Act
and relevant regulatiorib Illdd¥ oi. havit)g effect Iheyeunder.
Our objectives ait to obtain reasonable as5uYance about whether the financial statements a whole al'e fi'ee fi'on)
matth'ial inisstat¢m¢nl, wheiher due to fi2ud oi errol., aiid to issue an auditoi s i'eport that incl￿des our opiAioii.
Reasonable assuran¢e 15 a higli level of a5suixnce but is not a guaraiitee that an audit ¢(mductcd in accordance with
ISAS (UK) will 81ways detect a Inaterial misstatement when it exists. M55Stat¢ments cali arisc from fixud or eri'or and
are considered material if. individually or in the aggregate. Ihey could reasonably be expe¢ted to iiifluence the
economic decisions of users taken the basis ot Ibese f]nan¢ial slatements.
trregulai'ities, in¢ludin¥ fi'aud. are instaiices of non-compl1a￿ce with laws and regulati(Jns. Wc design procedures in
line with oui. responsibilities, outlined above, to detect material nii55tatements in 1¢8ped of Èntgulai'ities. including
fraud. The 8pe¢ifEc priJLeduiEs for this engageinent and the extentto whiGhthese are capable of detecting ijyegularities,
including fraud are detailed below..
Oui. assessin¢nt focussed on key laws and regulations the chai'ity has to comply with and aiwgs of the financial
stalen)ents w¢ asses&¢d as beiiig more susceptible to Inisstat¢mei)l. These key laws and regulatiotts ii)cluded but wei'e
not lin)it¢d lo coiiiplian¢¢ with the Charities Act 2011, taxation legislatiL)n, dota pi'otection, anti-bribery aTrd
einploymenl legsslation.
We are not Ye5P0115ibl¢ for pi'eventing irregularities, including fraud. Oui. appi'oach to detecting irregularities,
including fraud, included, but was not Itmited to, the following..
obtainsng an undei'standiE]g of the legal and IEgulatoiy fi'amework applicable to the charily and how the
cliarity air Complying with tltsi fi'amework, including agreement of fJiiatLcial stateinent disclosui'es to
uiid¢i'lying documentation aRd othei. evidence.
obtaining an undei'standing of the charity's control enYiroi]ment And how the charity liave applied relevant
¢ontt'ol pro¢eduYes, thiDugh dis¢ussions with managejnent and by performing walkllirouglk testing ovei. key
obtaining att uE)derstanding of the charity's risk assessment process, includiJTrg the i'ssk of fraud.
reviewing Ineeting Iniiiut¢s of those charged with govei'nance thiDughout the year,. and
pei'fonnitig audit testing to addi'ess the I'isk of Tnanagement oven'ide of controls, including testllig jouma
entt'ies and othei. adjysttnents ftsrappix)priat¢ne5s, evaluating the business rationale of sigoificanttransacfions
outside tlie noiiiial course of business and IEviewing accounting estimates foi. bias.
Page 6

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
AUDIT REPORT FOR TTrIE TRUSTEES OF THE BESTWAY FOUNDATION
Whilst considering how our audit work addi'essed the detection of ii'regularities, we also considei'¢d the likelihood of
detection of fraud based on our appiDach. Intgulai'ities arisiE)g from fraud are inherently Inoi'e difficult to detect thall
those arising froin ermr.
Because of the illhercnt limitations of an audit, tliere is a risk that we will not detect all iryegulai'iÉi¢s. including those
leading to a matei'ial misstatei1)ent in the fmancial stat¢mellts or non-compliance with iegulation. This risk ￿c1'CaSeS
the more that¢ompliallce with a law oi'regulation is remov¢d from the events and tt'ans&¢li0115 Irflected in the f￿anCial
statemeiits, aswe will be less likely to become aware of instaAces of non-complianc¢. The risk is also gKeatei' i'ega]'ding
irvegularities orKuttti)g due to fraud l'ather tban error, as fi'aud involves intentional concealment, forg¢iy, collusion,
omission oi. IE]isrepre5¢ntatioii.
A further description of ouy responsibilities foi. the audit of the financial state1￿¢￿tS is located at tlie Finat)cial
Reporting CouDciI's I'FRC'S") website at.. https'.Ilwww.frc.oi'g.uklauditorsresponsibililies. Thi5 d¢s¢riptioii foi'ms
part ofoui. auditoi s repoit.
Use of our report
This irport is made solely to the charity's trustees, as a body, in accol￿anCe with Pprl 4 of the Charities (Accounts
and Repoi1s) Regulations 2008. Our ttudit work has been undertaken SLI that we might state to the charity's trusttts
those Inatters we are required tl) State to them in an auditor's report and for no other puipose. To the ￿lIeSt cxtent
peyniitted by law, we do not accept or assunie iEsponsibility to anyone othei. Ihan th¢ chai'ity and the cl)ai'ity's tnistees,
for our audit work, for this Irport, oi. foy the opinions w6 have fonned.
81gnDd by..
E8B150CA03AQ41
COOPER PARRY GROUP LIMITED
Statutory Auditor
Cubo BimiÉnghain
4 Flooi.
Two ChamberlRin Square
Binniugham
B3 3AX
Date.. 24 April 2026
Cooper Parry Group Limited is eligible for appointsnent as audiloi. of the ch¢11'1ty by viitu¢ of its eligibility for
appOin￿Ent as auditoi. of a coinpally uiidey ssction 1212 of the CompanEes Act 2006.
Page 7

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
The Bestway Foundation
STATEMENT OF FINANCIAL ACTIVITIES
for the
ear ended 30 June 2025
2025
Unrestrleted Restrieted
Funds
Funds
2024
Nolg
Total
Total
InC0￿e and endoivmeiits from:
Donations and legacies
Investments
187,441
170,726
187,441
170,726
366,191
159,222
Total incorne
358,167
358,167
525,414
Exp¢ndÈture oil:
Charitable activities
480,409
480,409
1,109,961
Total expenditure
48Q,409
480 409
1 109961
Net (expenditure)lincome before net
gainsl(losses) on investments
(122,242)
(122,242) (584.547)
Trdnsfers betw¢en funds
Net expeiidlture And net movement i
fvDd5
(122,242)
(122342) (584,547)
Reconeiliation of fiinds
Total brought foiivard
10 3,862,821
3,862,821
4,447,368
Total funds ca]ried fovward
10 3,740,579
3,740,579 3,862,821
The statement of financial hctivities includes all gains and losses recognised in the yeai..
All income and expenditsr¢ del'ive from coiilinuÉng activÉtses.
The notes oil pages I I to 15 foi'm part of ¢hes¢ f￿ancial stateinents.
Page 8

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
The Bestway Foundation
BALANCE SHEET
as at 30 June 2025
Nole
2025
2024
Current assets
Debtors
Cash at bank and ID hand
15,862
3,733,237
21,096
3.849,885
Liabilities
Ci'editors falling due within oiie yeai.
(8,520)
(8,160)
Net eurrent 3SS¢t5
3,740,579
3.862,821
Net assets
3.740,579
3,862,821
TOTAL FUNDS
3,740.579
3,862,821
Appi'oved and authorised foi. issue by the Boai'd of Trustees on 20 April 2026 and signed on its behalf by
Dawood P¢rYtz
Tnistee
Tl)e notes on page5 1 I to 15 foi'm part of tl)ese fmallcial statetnents.
Page 9

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
The Bestway Foundation
STATEMENT OF CASHFLOWS
as at 30 June 2025
2025
2024
Casb flows from oper•ling actlvitie5
Net incomelexpenditurel for the year
(122,242)
1584,547)
Adjustjnent for:
De¢Tease I linciyasel in d¢biors
Incr¢asel Ideoreasel in creditors
5,234
360
(1,542)
N¢t cash providedl(expended) by op¢rotRng aetlvities
(116,648)
(615,729)
Change In c95h and c*sb tqulvalenls in the year
Cash and cash ¢quivaleiits brought foi'ward
(116,648)
(615,729)
3,849,885
4,465,614
Casli and cash equivaleiits Ca￿led fonvard
3,733.237
3,849,885
The notes on pages I I to E5 forjn part of these r￿on¢la1 $t8tements.
Page 10

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
The Bestway Foundation
NOTES TO THE FINANCIAL STATEMENTS (continued)
foi. the
ear ended 30 June 2025
ACCOiJNTING POLICIES
GENERAL tNFORMATION
The Be$tway Foundation ("th¢ charity") is an unincoiyorated charity Established under a deed of covenant
dated 20 July 1987 and a supplemental deed tmd deed of vaiiation dated 30 June 1992. The chaiity is
registered with the Charity Comillission for England and Wales, charity registration number 297178.
The addiess of Éhe charity's pi'incipal pla¢¢ of business is The Bestway Foundation, Abbey Road, London,
NWIO 7BW,
BASIS OF PREPARATION
The financial statements air prepai'ed under the historical cost ronveRtion as modifjed by the Èntlusion of
investnientg at Vitluatioii and it) aocord&nce with appli¢abl¢ United Kingdoin accounting standards. The
f]nan¢ial statetneiils bave be¢n prepared in accordance with the Statement of Recnjnmcndcd Practiee..
Accoupting and REpoitiiig bycharities pi'ep&iing their accounts in accordance with the Financial RcpoitÈng
Standard applicabl¥ in the UK and Republic ot IiEland (FKS 102) (issued October 2019) and UK G¢neY&lly
Accept¢d AcLounting Pi'ac¢ice.
Tl)¢ financial stateinents liave been prepared to give a 'tru¢ and fall" view and l)ave d¢parted from the
Charities (Accuunls aiid Reports) ReEul&tioiis 2008 only to the exteiit required to prijvidc a 'trnc and fair
view.. Thi& depailuiy has involved tollowing the Accounting and Reporting by C.liariti&8.' %tatcment of
ReKommended Prd¢lice applicable to cliarities pi'epai'ing their accounts in accordance with thc financial
Rwortii)g Sl£indard applicable it) the UK and Kepubli¢ of Ireland issued in Octobcr 2019 r8ther than the
A¢counlÉng and Repoiting by Charities.. Statement of K¢comniended Pi'actice cffrctiY¢ fi'om l Apiil 2005
which has since beeii withdi'awn.
B¢stway Foundation meets tke definition of a public b¢n¢fit Bntity undei. FRS 102. Assets 8tt4t liabilities
are instially irLognised at historical cost or transaction value unless otheiivise stated in the relevant
8ccounting policy.
Thes¢ f￿ancial statetn6nts alt prepai'ed in stei'ling which is tbe functional curiEncy of the chaiity. Monetwy
moullts in Éhese flnancial statements al'e round¢d to the neai'est wholc £1, ex¢¢pt wtLere otherwise
indicated.
GOtNG CONCERN
No indterial unc¢rtaEritie8 that may cast ally 5igThÉficaE]t doubt about the ability of the charity to continue as
a going conceni liave been identified by the trusle¢s, therefore the fii)ancial Statements have been pi'epared
on 8 ¥uing concern b85ig. As of 30 June 2025. the chai'ity has net current a%%cts of £3,740.579 (2024..
£3,862.821). At tlie time of approving th¢ financial statements and in ¢onsid¢i'ation of other events the
trustees have a i'easonable expectation that the Foundatioft) has adequat¢ re%oui¢¢s to continue in operational
existence for at Itast twelve mO￿t11S fi'oin tlie date of the signing tlie audit I'eport due to existing level of
cash r¢sei'ves and the fact that the annual fixed costs of the FoundatiQTb are minimal. Thus, the trustees
colltinue to adopt the goillg coilcern basi5 of accounting in preparing tlie f￿1￿¢181 statements.
INCOMtNG RESOURCES
Cash donations, gifts and legacies are included in fi]11 in the Statement of Financial Activities when it is
receivable a￿d are separately allocated betweeii restt'i¢ted and unre8h'i¢ted funds where appropriat¢.
tNVFSTMENT tNCOME
Income from investments is accounted for in the p￿.10d in which the charity is entitled to ￿Ceipt.
Page 11

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
The Bestway Foundation
NOTES TO THE F]NANCIAL STATEMENTS (continued)
for the
ear ended 30 June 2025
ACCOUNTING POLICIES (CONTtNUEDI
RESOURCES EXPENDED
Expendituit is included on acctwals basis.
Support costs Comprise costs foi the running of th¢ GhaTity itself as an organisation.
GRANTS PAYABLE
Grants payabl¢ are charged in tl)e year when the offer is conveyed to the recipient except in those case5
where the off¢i' is condiiional, such ￿'&￿tS being iEcogDi5¢d as expenditure when the conditions attaching
are fulfilled. Gi'&nls offered subject to conditions whÉch have noi been met at the year-end are noled as a
eominitment, but not ac¢iued ag expeodilure.
GOVBRNANCE COSTS
Govemance costs comprise all costs involvu]g the public accountability of the charity and its compliatice
witl) regulation alld good practice.
INVESTMENTS
Fixed asset inveslment& Irpi'esenting quoted securities held for rc%ale, are stated at closing mid-mad(et
value at the balLsllce sheet date. Ally gaiD8 01. losses i)n Irvaluation are taken to the Statement of Finan¢ial
Activities.
REALISED AbJD UNREALISED GAINS AND LOSSES
All gains and losses taken to the Staletnent of Financial A¢tivkties as they arise. Realised gains and
losses on investinents ar6 calculated as the diffeyenee bctwccn sales pi'oceeds and opening fair value
Ipurchase dale if later). Urn'ealised gains and losses arc calculated as the diff¢reiite between the fail. value
at the year end and opening tall. value {purchase date if l&tci'). Realised and unyealised gains and Iossc5 lire
not sepa12ted in the Statement of Financial Activities.
FINANCIAL INSTRUMENTS
T]1¢ charity only h8s finat)cial ass¢ts atLd financial li&bililies of a kind that qualify as ba$1¢ f¥naftcial
instruTn¢nls. Basic fthattcial instt'ument5 aye initially recognised at tt'ansaction valiie and subsequently
measuTed at th¢sr settlement value with the exception of listtd 1llvestsne￿ts which are sui7sequ¢ntly
measured at fair value.
DEBTORS
Trade and other debtors are recognÉsed attl)e settlemeni amount due. Prepayments al'e valued attlie amount
prepaid.
CASH AT BANK
Cash at bank tncludes cash and 5hoil terni highly liquid investtn¢nts with a shoit nialurity of six montlis
oi. less from the date of acquisition or openiiig of th¢ deposit or si1￿1]ar account.
CREDITORS
Creditoys are recognised wlieir the charity has a pi'esent obligation i'esulting fi'o]n a past event that will
pi'obably result in the tt'ansfei. of funds to a Ihii'd party and tb¢ ainount due to 5ettl¢ tl)e obligation can be
easured oi. estiniated reliably. Creditors ai¢ noi'mally recogntsed at theii. settleinent ainount.
Page 12

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
The Bestway Foundation
NOTES TO THE FINANCIAL STATEMENTS (continu¢d)
foi the
ear ended 30 June 2025
ACCOUNTING POLICIES ICONTtNUED)
FUND ACCOUNT￿0
Funds held by the charity pr¢ uTtre5tricted general funds- these are fijnds which Can be used itk accoixlance
with the charitsble objects al the discretion of the tiustees.
Restricted fvnds are donat10115 which the donor has specified are to be solely u5¢d fo¥ particular &reas of
Ihe charity's work or for Specific projects being llndertkken by the c[￿rity.
INCO￿ FROM DONATIONS
2025
2024
Donations amd legacies
366 191
Income fiDm donat&ons was £187,441 (2024.. £366,191) of which £187,441 (2024.. £235,280) was
unrestricted Étnd £Nil (2024.. £130,911) was iesti'i¢t¢d.
tNVESTMENT INCOME
2025
2024
Interest- UK fixed interest securities
170,726
159,222
Income from investmellts was £170,726 (2024.. £159,222). all of which is unrestricted.
ANALYSIS OF EXPENDITURE ON CHARLTABLE ACTIVITIES
2025
2024
Grants payable (Note 5)
Support Costs (Note 6)
Bank cl?arges
471,709
8,520
180
480,409
1,101,580
8,160
221
1,109,961
Expenditure on ¢haYilable activities was £480.409 (2024.. £1,109,961).
GRANTS PAYABLE
2025
2024
The aillouni payable in the y¢aT cornprises:
Registered UK chai'ities
Foreign charities and individuals
232,645
239,064
243,450
858,130
471,709
1,101,580
Page 13

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
The Bestway Foundation
NOTES TO THE FtNANCIAL STATEMENTS (continued)
foi. the
ear ended 30 June 2025
GRANTS PAYABLE (continued)
The number of ￿'antS Inade to ii)dividwdls was 20 (2024.. 19).
GRANTS PAYABLE TO UK CHARITIES
2025
2024
British Asian TNst
Crimesloppers
National Hospital forNeurology
Duke of Edinbui'gh Awards (£IOOk Royal Ascot)
Grocei'y Aid
Ansar Youth Project
55,000
40,000
70,000
40,000
100,000
15,000
18,450
115,000
20,646
1,999
232 645
243 450
The number of gi'ants ￿ade to institutions was 5 (2024.. 5).
ANALYSIS OF SUPPORT COSTS
2025
2024
Audit fe¢
TRUSTEES EMOLUMENTS AND KEY MANAGEMENT PERSOI4NEL
The chai'ity W1￿1derS its key management personnel lo be Éts trttstees. No ttvstees I'eceived any emoluments
or reimburseinent of expenses foi. the year eud¢d 30 JuThe 2025 (2024.. Nil).
Dui'ing the year there were no eiiiployees of tli¢ fout)dation. In 2024 diere were no employees.
DEBTORS
2025
2024
Other debtors
15,862
21,096
CREDITORS- amounts falling due witl)in one year
2025
2024
Aceruals
Page 14

Docusign EnvelopÈ ID". 5823245A-49D5-8EFD-8386-CDD0540E818F
The Bestway Foundation
NOTES TO THE FINANCtAL STATES￿IENTs (continued)
foi. the
c￿. ended 30 June 2025
10 FUNDS
Balance
at
l July
2024
Balan¢e at
30 Sune
2025
Incoming Expended
ResouiKes
Resouires
Gains olk
Transfers InvestmeT)Is
Unrestricted
Restt'i¢ted
3,862,821
358,168
(480,409)
3,740,579
3,862,821
358,168 (480,409)
3,740,579
FUNDS- PIUOR PERIOD
Balattce
at
l July
2023
Balance at
30 Juue
2024
Incon)ing Expended
Resources
R¢50urces
Gains on
Ti'ansfer5 Investtnents
UTErcstt'i¢ted
Restri¢ted
4,015,157
432,211
394,502 (546,838)
130,912 (563,123)
3,862.821
4,447.368
525,414 (1,109,961)
3,862.821
12
PE,LATED PARTY TRANSACTIONS
The Foundation's ￿lated partÉe5, tl)e nature of the relationship and the amounts of trdnsa¢tion5 with t￿¢M
during the year wei'e as follows..
Relafedpoity
Rellllionship
NuthpE ofh'artS(7cliolls
Bestwgy Wholesale Ltd
Income from Ascot Event & PFR
£186,241
(2D24.. £366, 192)
Crimestoppers Tru51
Grants paid to the ch￿.1¢Y
£40.000
(2024.. £40,000)
British Asian Trust
Gi?nts paid to the charity
£55,000
(2024.. £70,000)
Nalui'e ofFelokionships
l All the trustees are directors and shareholders of Bestway Wl)olesale Liiniled.
2 Lord Zaineer Moliammed Choudrey is a Tyustee Df Ci'ime5toppers Trust and the Chaii. of the UK
Advi501'y CDuiiciI of BTltish Asian Trust.
Page 15