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Company Registration No. 04075959 (England and Wales)
THE CITIZENS FOUNDATION (UK)
Financial Statements
for the Period from 01 January 2024 to 31 December 2024

THE CITIZENS FOUNDATION (UK)

Financial Statements for the period ending 31 December 2024

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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THE CITIZENS FOUNDATION (UK)

Financial Statements for the period ending 31 December 2024

Company Information

Company Details
Company Number 04075959
Registered Office 85 TOTTENHAM COURT ROAD
LONDON
W1T 4TQ
Directors
Directors who held office during the period were:
Muhammad Atif ALI   
Imtiaz Sultanali DOSSA   
Nouman Ahmed HASHMI   
Tariq Raza HUSSAIN   
Mehreen MALIK   
Bilal RAJA   
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THE CITIZENS FOUNDATION (UK)

Financial Statements for the period ending 31 December 2024

Statement of Financial Position

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Notes 2024 2023
£ £
Fixed Assets
Tangible assets 5 3,246 3,008
Investments 6 582,986 325,201
Current Assets
Debtors due 7 211,257 18,837
Cash at bank and in hand 446,904 3,847,077
658,161 3,865,914
Creditors
Amount falling due within one year 8 (9,849) (8,997)
Net Current Assets 648,312 3,856,917
Total Assets less current liabilities 1,234,544 4,185,126
Net Assets 1,234,544 4,185,126
Capital and Reserves
Called up Share Capital - -
Other Reserves 1,234,544 4,185,126
Retained earnings at end of year - -
Shareholder funds 1,234,544 4,185,126
For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 23 September 2025
T R Hussain
Company Registration No. 04075959
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THE CITIZENS FOUNDATION (UK)

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

1. Statutory Information
2. Accounting Policies
Basis of preparing the Financial Statements
The financial statements have been prepared in accordance with the 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006.The Citizens Foundation (UK) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.Statutory InformationThe Citizens Foundation (UK) is a Charity and a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the company information page. The members of the company are the Trustees (Directors) named on the company information page. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Income is recognised and included in the accounts when all of the following criteria are met:• The Charity has entitlement to the funds;• Any performance conditions have been met;• There is sufficient certainty that the receipt of the income is considered probable; and• The amount can be measured reliably.Gift aid:Income includes gift aid outstanding and receivable from HMRC at the year end.
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THE CITIZENS FOUNDATION (UK)

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

Tangible Fixed Asset Policy
All assets costing under £500 are capitalised in the year of purchase, but are written down to a value of £1. Assets costing more than £500 are capitalised and are depreciated at 33% on the reducing balance basis.
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THE CITIZENS FOUNDATION (UK)

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

Intangible Asset Policy
Fixed asset investments consist of:• Equity investment in group undertaking: this relates to a wholly owned subsidiary. The investment is subsequently measured at cost less impairment. Consolidated accounts have not been prepared as there have been no transactions in the wholly owned subsidiary during the period from incorporation to 31 December 2024• Listed investment: Investments are valued at their fair value measured using the share price at the balance sheet date.
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THE CITIZENS FOUNDATION (UK)

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 8
2023 6
4. Principal Activity
In accordance with TCF-UK's governing document, we raise awareness and funds for The Citizens Foundation (TCF), Pakistan's leading charity in the field of formal education for underprivileged children. There have been no changes in the objectives since the last Annual Report.
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THE CITIZENS FOUNDATION (UK)

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

5. Fixed Assets
Fixtures and Fittings Total
Cost or valuation £ £
At 01/01/2024 20,631 20,631
Additions 1,837 1,837
At 31/12/2024 22,468 22,468
Depreciation
At 01/01/2024 17,623 17,623
Charge for the year 1,599 1,599
At 31/12/2024 19,222 19,222
Net Book Value
At 31/12/2024 3,246 3,246
At 31/12/2023 3,008 3,008
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THE CITIZENS FOUNDATION (UK)

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

6. Investments
Investments in Subsidiaries Other Investments - Listed Other Investments -Unlisted Total
£ £ £ £
Valuation at 01/01/2024 - - 325,201 325,201
Additions - - 286,000 286,000
Disposals - - (1) (1)
Adjustments - - (28,214) (28,214)
Valuation at 31/12/2024 - - 582,986 582,986
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THE CITIZENS FOUNDATION (UK)

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

7. Debtors
2024 2023
£ £
Other debtors 211,257 18,837
211,257 18,837
Debtors Notes
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
8. Creditors: amount falling due within one year
2024 2023
£ £
Accruals and deferred income 9,849 8,997
9,849 8,997
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THE CITIZENS FOUNDATION (UK)

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

9. Guarantees and Financial Commitments
Financial assets measured at fair value through net income/expenditure comprise of listed investments. Fair value is measured using the share price at the balance sheet date
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