The trustees present their report and financial statements for the year ended 31 December 2020.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Trust Deed, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)
Charity Mission
The British Pakistan Foundation engages, unites and empowers the UK’s more than 1.5 million British Pakistanis, by bringing them together, creating networks and making a real difference.
Our Vision
Our vision is to become a single platform for our community, to serve and protect their best interests.
Update on BPF Programme Delivery Initiatives
- 319 professionals and entrepreneurs
- 9 programme initiatives across 2 regions
- 484 attendees/participants
- 43 students/graduates
- 122 women
Key Performance Indicators
Please find below a summary of the Key Deliverables and Targets and Results / Impact achieved during the period January to December 20 20 :
BPFSocial! Professional Networking and Mentoring Initiatives
1. Initiative, Event Details, Speakers and Mentors
The aim of our BPF Social events is to bring together a diverse group of professionals across different industry sectors to network, share ideas, provide peer to peer support, receive mentoring and career guidance and form valuable business connections.
BPF delivered 2 BPFSocial! Professional Networking and Mentoring events at Mahiki in Mayfair, London and Crowne Plaza, Birmingham City. These were held on 30th January and 5th March.
Due to the Coronavirus Pandemic, many of our BPF Social events had to be postponed until restrictions allow us to continue.
The following speakers were invited to talk about their recipes for success:
Shahid Khan (Naughty Boy) — DJ, record producer, songwriter and musician
Mike Nithavrianakis — Britain's Deputy High Commissioner in Karachi & Trade Director for Pakistan
Shaista Gohir OBE - Co-Chair of Muslim Women's Network & Women's Right Activist
Ahmed Farooq BSc — Chief Financial Officer, Wesleyan
2. BPF Business and Professionals’ Programme (BPP) - Legal Forum Initiatives
18th, 19th, 25th February 2020: Securing a training contract or vacation scheme in the city hosted by Pinsent Masons, London
The British Pakistan Foundation in association with Hammad Akhtar, Partner at Pinsent Masons offered a unique opportunity for students studying Law to come to a series of 3 workshops helping equip them with the skills to get onto a training contract or vacation scheme at a top law form.
Over the course of 3 evenings, they learnt about:
Applying for a training contract or vacation placement with a City law firm — what you need to know
Completing Application Forms — Top Tips and examples
Interviews and Assessment Days — how to be successful
3. BPF Business and Professionals Programme (BPP) – Digital Services and Technology Forum:
BPF delivered the following initiative under this forum:
23rd January 2010: 'How to build your brand on social media' event where we were joined by a leading panel of experts who talked us through strategies and tips on building the brand on social media.
Throughout this short interactive workshop, attendees went through key topics like:
Why social media is important: why you should care about social media
Your LinkedIn Profile: assessing your profile image / interactive session
How to build and curate your network: how you can raise your profile and build your brand
How to be visible: why you should share and post content - and how
Workshop Facilitators:
- Ruqaiyah Jaffery - Global Head of Campaign Management and Digital Marketing for Financial Services, Accenture
- Andrew Soane - Associate Director & Global Social Strategy Lead, Accenture
4. BPF Business and Professionals' Programme (BPP) - Medical Forum:
BPF supported the following BPP initiative under this forum:
4th February 2020 : “ Focus on Managing Stress in the Workplace' event where we were joined by a leading panel of experts who spoke about strategies and tips on keeping stress free in the modern workplace!
- Adil Javed (Founder and Artistic Director/Clinical Director)
- Dr Shahid Latif (Consultant Psychiatrist/Clinical Director)
- Dr Zafar Iqbal (Head of Sports Medicine, Crystal Palace FC)
- Zahra Shah (Trustee, BPF)
Webinar:
Covid-19 and its Impact on Physical and Mental Health
BPF hosted its first webinar on 20th April 2020: This webinar talked about the Coronavirus and looked at ways of managing physical and mental health whilst we are all spending our time in our homes and managing different elements of stress that can often lead to anxiety and depression. We talked through practical steps that everyone can take for their mental well-being and how to look after those around us, particularly the elderly and vulnerable.
Our Panellists:
- Dr Samia Latif (Consultant in Communicable Disease Control at Public Health England)
- Dr Tia Iqbal (General Physician - GP)
- Dr Shahid Latif (Consultant Psychiatrist & Clinical Director)
Moderator:
- Asif Rangoonwala (BPF Chairman)
5. BPF Business and Professional' Programme (BPP): Academic Forum Initiatives
BPF partnered with Professor Jawwad Darr of UPSIGN under it's Academic Forum to deliver the following initiative online:
Day 1: Grow, Nourish and Sustain Together - Food Security on 30th November 2020
Panellists:
- Prof Asif Ali, VC MNSU, Multan
- Dr Muhammad Azeem Khan, chairman, Pakistan Agri Research Council (PARC)
- Prof Bob Rees, Scottish Rural University College (SRCU)
- Dr Simon Holland (AI-Qaswa Innovation)
- Ayesha Ahmed (PakAgriMarket)
- Aysha Gulzar (JE Austin)
- Prof Muhammad Imran (University of Glasgow)
Day 2: Developing Future Healthcare Workforce in Pakistan 1st December 2020
- Dr Parveen Ali (UPSIGN Healthcare co-lead)
- Dr Shabnum Sarfraz
- Professor Raisa Gul
- Professor Abdul Bari Khan
- Mr Mike Nithavrianakis
Day 3: Knowledge, Transfer & Exploitation from Pakistani / UK universities 2nd December 2020
- Dr Farooq Shah (Chair)
- Prof Atta ur Rehman
- Prof Shoaib Khan
- Prof Jawwad Darr (Chair - UCL)
- Dr Aqif Chaudhry (Comsats)
- Dr Shahrukh Abbas (NUST)
- Dr Sara Saeed Khurram (Sehat Kahani)
Day 4: Pakistan's Global - Ready Graduates: Readiness for International Study 3rd December 2020
- Professor Jawwad A. Darr (UPSIGN Chairman)
- Dr Atta (Keynote Speaker)
- Dr Maryam Rab
- Dr Adeela Shahfi
- Prof Abu Bakr
6. BPF Patrons’ Programme Initiative
Initiative / Event Details, Speakers and Mentors
Our patrons are those who have donated a significant sum to BPF over the course of a year — registered patrons receive several benefits as humble thanks for their support, such as promotion on our literature and website, exclusive invitations to BPF as well as patron-only events.
Additionally, patrons receive extensive coverage in our monthly newsletter, where we introduce them and their business/ interest. Further to this, patrons receive a BPF Premier Club Card, which entitles them to a variety of discounts kindly provided by our benefit providers.
We delivered the following patron-only Lunch Meeting and Talk:
Patron’s Lunch Meeting and Talk
Our Patron Lunches are a great way for our patrons to network with each other. At each luncheon, a keynote speaker is welcomed, where they discuss a topic of interest to our patrons.
6th February 2020: Patron’s Lunch Meeting and Talk by Shahid Azeem, DL High Sherrif of Surrey 2020-21
Guest Speaker:
Shahid Azeem has been named in Top 100 Most Influential Muslims in the UK, Shahid's story is remarkable, one of humble beginnings to becoming a leading British Muslim. With no formal qualifications but a burning desire to succeed, Shahid has set up and run a string of successful multi-million pound businesses within IT Industry, whilst at the same time investing greatly into youth empowerment and strengthening community relations particularly across faith groups with the Muslim community.
Shahid is more than your usual businessman hence, unsurprisingly; he was appointed Deputy Lieutenant of Surrey and listed in The Independent's Top 100 Happy List of people who make life better for others in the UK, making the front page headlines here.
Shahid has won the Asian Entrepreneur of the Year, Surrey Business Personality of the Year and Pakistani Entrepreneur 2010. As Chairman of Woking Asian Business Forum, largely Pakistani, he encourages best practice sharing amongst Pakistani businesses. The Forum was established with a vision to integrate the Asian business community into the mainstream, focusing on female and youth entrepreneurship and provides a platform to empower Muslim voices. Each year since its inception, the Forum has donated the official Christmas tree to the borough of Woking exemplifying respect for all beliefs and cultures.
Shahid has by the Privy Council nominated to be the High Shreiff for Surrey, and will be first Pakistani High Sheriff in the UK Home counties a role that was created back over 1000 years ago.
There is a High Sheriff in every county in England and Wales, and their history and tradition goes back before the Norman Conquest. The Office is the oldest Royal appointment.
Our Finances
During the year BPF received income of £73,165 (2019: £107,535), the most significant of which coming from ZVM Rangoonwala Foundation amounting to £31,000 (2019 : £50,000).
BPF also raised a further £1,648 (2019: £7,140) from programme initiatives and £14,100 (2019: £20,083) from its Patrons programme, added together with other income streams this meant total income was £92,404 (2019: £142,935).
Total resources expended totalled £92,615 (2019: £140,885).
For every £1 spent by BPF:
Charitable Activities 62p
Cost of Generating Funds: 20p
Governance Costs: 18p
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The British Pakistan Foundation is both a registered charity and constituted as a company limited by guarantee and not having a share capital. The BPF is governed by its trust deed document submitted to the charity commission in July 2010.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
BPF board vote on nominations, which are shortlisted by lead board members and the nominations are seconded by all the Trustees.
The trustees' r eport was approved by the Board of Trustees.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of British Pakistan Foundation for Development for the year ended 31 December 20 20 , set out on pages 18 to 25 from the charity’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/
This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of British Pakistan Foundation for Development and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than British Pakistan Foundation for Development and the charity's trustees as a body, for our work or for this report.
It is your duty to ensure that British Pakistan Foundation for Development has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of British Pakistan Foundation for Development. You consider that British Pakistan Foundation for Development is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of British Pakistan Foundation for Development. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Patrons programme
Programme Initiatives
Membership fees
Expenditure on r aising funds
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
British Pakistan Foundation for Development is a private company limited by guarantee incorporated in England and Wales. The registered office is 86-87 Wimpole Street, London, W1G 9RL.
The accounts have been prepared in accordance with the charity's Trust deed document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Expenses are allocated for on an accruals basis and have been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to the headings, they have been allocated to activities on a basis consistent with the use of resources. Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
These include costs of administration, any costs for preparation and examination of statutory accounts and cost of any legal advice to trustees on governance or constitutional matters.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors are initially recognised at transaction p rice . Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Patrons programme
Programme Initiatives
Membership fees
Expenditure on r aising funds
Consultancy fees
Website development
Rent
Office expenses
Other expenses
Governance costs includes payments to the accountant s of £1, 5 00 (2019- £1,200) for fees.
The average monthly number of employees during the year was:
During the year the services of 3 (2019 : 4) contractors were used.
There were no disclosable related party transactions during the year (2019 - none).