REGISTERED CHARITY NUMBER: 1054923
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2022
for
West Town Muslim Social &Welfare Society
Abraham Accountants Sher House 46 Houghton Place Bradford West Yorkshire BD1 3RG
West Town Muslim Social &Welfare Society
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 10 |
| Detailed Statement of Financial Activities | 11 |
West Town Muslim Social &Welfare Society
Report of the Trustees for the Year Ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1054923
Principal address
3 High Street Westtown Dewsbury West Yorkshire WF13 2PU
Trustees
Mr Abid Ishaq Mr Islam Khan Mr Abdul G J Chaudhry Mr Mohammed Hanif Mr Kamal Khan
Independent Examiner
Abraham Accountants ACCA Abraham Accountants Sher House 46 Houghton Place Bradford West Yorkshire BD1 3RG
Approved by order of the board of trustees on 20 March 2023 and signed on its behalf by:
Mr Abid Ishaq - Trustee
Page 1
Independent Examiner's Report to the Trustees of West Town Muslim Social &Welfare Society
Independent examiner's report to the trustees of West Town Muslim Social &Welfare Society
I report to the charity trustees on my examination of the accounts of West Town Muslim Social &Welfare Society (the Trust) for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Abraham Accountants ACCA Abraham Accountants Sher House 46 Houghton Place Bradford West Yorkshire BD1 3RG
Date: .............................................
Page 2
West Town Muslim Social &Welfare Society
Statement of Financial Activities for the Year Ended 31 March 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 92,323 EXPENDITURE ON Raising funds 75,231 Other 3,519 Total 78,750 NET INCOME/(EXPENDITURE) 13,573 RECONCILIATION OF FUNDS Total funds brought forward 22,158 TOTAL FUNDS CARRIED FORWARD 35,731 |
2021 Total funds £ 92,624 94,023 3,872 97,895 (5,271) 27,429 22,158 |
|---|---|
The notes form part of these financial statements
Page 3
West Town Muslim Social &Welfare Society
Balance Sheet 31 March 2022
| 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 4 21,469 CURRENT ASSETS Debtors 5 (3,000) Cash at bank and in hand 15,629 12,629 CREDITORS Amounts falling due within one year 6 1,633 NET CURRENT ASSETS 14,262 TOTAL ASSETS LESS CURRENT LIABILITIES 35,731 NET ASSETS 35,731 FUNDS 7 Unrestricted funds 35,731 TOTAL FUNDS 35,731 |
2021 Total funds £ 12,458 - 10,379 10,379 (679) 9,700 22,158 22,158 22,158 22,158 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 20 March 2023 and were signed on its behalf by:
Mr Abid Ishaq - Trustee
The notes form part of these financial statements
Page 4
West Town Muslim Social &Welfare Society
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 5
continued...
West Town Muslim Social &Welfare Society
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 92,624 |
| EXPENDITURE ON | |
| Raising funds | 94,023 |
| Other | 3,872 |
| Total | 97,895 |
| NET INCOME/(EXPENDITURE) | (5,271) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 27,429 |
| TOTAL FUNDS CARRIED | |
| FORWARD | 22,158 |
Page 6
continued...
West Town Muslim Social &Welfare Society
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 4. TANGIBLE FIXED ASSETS Plant and machinery £ COST At 1 April 2021 - Additions 9,872 At 31 March 2022 9,872 DEPRECIATION At 1 April 2021 - Charge for year 2,468 At 31 March 2022 2,468 NET BOOK VALUE At 31 March 2022 7,404 At 31 March 2021 - 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals |
Fixtures and fittings £ 16,611 6,295 22,906 4,153 4,688 8,841 14,065 12,458 2022 £ (3,000) |
Totals £ 16,611 16,167 |
|---|---|---|
| 32,778 | ||
| 4,153 7,156 |
||
| 11,309 | ||
| 21,469 | ||
| 12,458 | ||
| 2021 £ - |
continued...
Page 7
West Town Muslim Social &Welfare Society
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Taxation and social security | (1,633) | 679 | ||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1/4/21 | in funds | 31/3/22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 22,158 | 13,573 | 35,731 | |
| TOTAL FUNDS | 22,158 | 13,573 | 35,731 | |
| Net movement in funds, included in the above | are as follows: | |||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 92,323 | (78,750) | 13,573 | |
| TOTAL FUNDS | 92,323 | (78,750) | 13,573 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1/4/20 | in funds | 31/3/21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 27,429 | (5,271) | 22,158 | |
| TOTAL FUNDS | 27,429 | (5,271) | 22,158 |
continued...
Page 8
West Town Muslim Social &Welfare Society
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 92,624 (97,895) (5,271) 92,624 (97,895) (5,271) |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/20 | in funds | 31/3/22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 27,429 | 8,302 | 35,731 |
| TOTAL FUNDS | 27,429 | 8,302 | 35,731 |
| A current year 12 months and prior year 12 months combined | net movement in fund | ||
| included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 184,947 | (176,645) | 8,302 |
| TOTAL FUNDS | 184,947 | (176,645) | 8,302 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
continued...
Page 9
West Town Muslim Social &Welfare Society
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 10
West Town Muslim Social &Welfare Society
| Detailed Statement of Financial Activities for the Year Ended 31 March 2022 INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Raising donations and legacies Wages Premises Costs Other trading activities Plant and machinery Fixtures and fittings Support costs Management Telephone Sundries Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net income/(expenditure) |
2022 £ 92,323 92,323 13,975 54,100 68,075 2,468 4,688 7,156 377 122 499 20 3,000 78,750 13,573 |
2021 £ 92,624 92,624 19,285 70,585 89,870 - 4,153 4,153 482 825 1,307 - 2,565 97,895 (5,271) |
|---|---|---|
This page does not form part of the statutory financial statements
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