CHARITY REGISTIIATION NUMBER.. 1074854 Pakistan Welfare Association (Slough) Unaudited Financial Statements 31 March 2021 MERIDIAN INSIGHT Accountants & Statutory Auditors Unit 15A, Slough Business Park 94 Farnham Road Slough Berkshire SL13FQ
Pakistan Welfare Association (Slough) Financial Statements Year ended 31 March 2021 Pages Trustees, annual report Independent examinels port to the trustees Statement of financial activilies 1to2 Statement of financial position Notes to the financial statements 6t010 The followlng pages do not fomi part of tho financlal statements Detailed statement of financial activrties 11to12
Pakistan Welfare Association (Slough) Trustees. Annual Report Year ended 31 March 2021 The Iruslees present their report and the unaudited fina& statements ofthe charity fof the year ended 31 March 2021. Reference and admlnlstrative detalls R•glstored charbty name PakisL8n Wellare ASsle110n ISIou9hl Charlty regl¥lratlon number 1074854 PrIncI1 offlce DaNll$ Lane Sbugh SL1 2PH Berkshire The tru¥t•eN Mr M Shabts'r Mr A Sattar Mrs S Akbar Mr M Khurshed Mr S Kiayani Mf R Chohan MfMZKhan Vice Presidenl Vice President General Secretary Joinl Secretary nformation Secretary Finance Secretary Charlty se¢ret•ry Mr M Khurshed Independent ex•mlntr 'lal Amin ACA FCCA Unit ISA. Slough Busirss Park 94 Farnham Road Slough Berkshire SLI 3FQ Structure, 9ovèmanc8 and managoment The Assoeiation Is run by the elected office bearers and by Ihe members of the n¢)minoled executive committee. The office bearers are elected lor three years by the Sk)ugh community through public vole5. These elected memtsers then become trustees ofthe ASlatIOn fc the duration ol Ihwr office. H¢)wever due to Covid-19 restrictions election coukj not be held In the last year. Therefore, the Ifusteo$ eonlinued th Iheii responsibilrties
Pakistan Welfare Association (Slough) Trustees. Annual Report (continue Year ended 31 March 2021 Oblectlves and actlvliies We have referred lo the guidance contained in the Charity Commission's general guidance on public benefit when ieviewing our aims and objecb'ves and in planning our future activits. The aims and the ot4ects of the ASlatIon are lo provide welfare services to the Pakistani Communty in Slough. lo promote racial hamony, to provide ass151ance and guidance lo ils members, to hold social events and celebrale National Days. to keep Ipison wth local aLrtksntie$ wilh a view to resolve various matters conceming the Pakistani Community. Achlevèm•nts and porforniane• The Assctialion carries out a WKle range of act1¥rt$ in pursuance ol ils chafilablè objectives. The Iruslees consider Ihal the aetivilies like leslivals Celebrat, homework clvb and IT cla$se$. school $upport project, luncheon club. creche facilrties and other public services lo Individuals and local groups and organisalions wovide bgnefrt to the wKler community of Slough. Flnanclal revlèw The nel surplus of the Ass(Kith'on Is set oul on page 4 and the trustees consider that the aceumulaled nds and Ihe continued supp)rt the Slough Borough Council would be sufficEnl lo enable the Assttialion lo meet its ot4'ective8. Plans for futur• perfods The eharty has purchased the I1 righls of the buildirKJ from the Slough Borough Coun¢il in May 2019 wth the generous financial support of Wl commtjnity by raising donations and Interest frèe loans from Individuals and other local businesses. These loans are interest free and are repayable on demand. The trustees. annual rewt was approved on 8 March 2022 and si9d on behalfol the board oftfustees Mrm han Flnanc• S•cretary
Pakistan Welfare Association (Slough) Independent Examlnerfs Report to the Trustees of Pakistan Welfare Assoclatlon (Slough Year ended 31 March 2021 I report lo the trustees on my examination of the finanaal slaiements of Pakistan a Associalio ISloughl11he charity'l for the year ended 31 March 2021. R•sponslbllltlos and basls of report As the Iruslees of the charty, you are resp(sIe lor the rrfeparation of the ffinancial statemen15 in accordance with the requirements of If* Charrt$ Act 2011 I'lhe Aet.). I report in lespect of my examination ol Ihe chanty's finanal statements carried out under sec11c 145 of the 2011 Act and in carrying out my examinalion I have followed all the applicable Direc#$ given by the Charity Commission under section 1451511bl of the Act. Ind•pèndont •xamln•f$ stat•m•nl- ffl•ttor of concèrn Idgntlfled l ¢onfirm Ihal no 011 matters have comè lo my attenlim in ¢onne¢tr'on with my examination giving me cal lo lIeVe that in any material resF¢CI' accounting records were nol kepl in respe of t chwty as required by secticfi 130 of the Act., or the financial slalements do not accord wth those records,. or the finanei81 statements do not comply wrth the applicable requirements coneerning Ihe form and conlenl ol iccounts sel out In the Charities (Accounts and Reportsl RegulaliorB 2008 other than any requirement that the accounts give a Irue and fair, view whieh is not a matter considered a5 part of an Indepefwjgnl examination. I confirm that there are no othei matters to vknich your attenti¢ Shd be drawn lo enable a proper understanding ol the accounts to be leached. 1Sal Amln ACA FCCA Independent Examlner Unil 15A. Slough 8usiness Park 94 Farnham Road Slough Berkshire SL1 3FQ 8 March 2022
Pakistan Welfare Association (Slough) ststement of Financlal Activities Year ended 31 March 2021 2021 Unrestricled funds Total funds 2020 Total ftjnds Note Income and fjndowmènts Donations. grants and other projects Other income 53,660 35,723 53,660 36.723 89,383 62.014 42.885 Total Income 89,383 104,899 Expendltur• Govemance costs 43,008 43,008 38.155 Total expendbturo 43.008 43.008 38,155 Net Incom• and nel movèment In fund• 46.375 46,37 66,744 RKonclllatlon of funds Total fijnds bfoughl lorwafd Total funds carriod for4¥ard 235.017 236.017 168,273 281,392 281,392 235.017 The slalement of financial 11¥115 indLvJes a51 gains ar¥J losses reeognised in the year. All income and expenditure derive fr7 contsnuing xb'vilies. Th• notss on pages 6 to 10 lomi part of these fin•nclal gtstements.
Pakistan Welfare Association (Slough) Statement of Financlal Position 31 March 2021 2021 2020 Not• Flx•d assets Tangible lixeis assets 11 631.688 633,537 Current assets Debtors Cash al bank and in hand 20,622 103,221 10,471 43.672 123.743 54.143 CrÈdltors.' amotsnts lalllng due wlthln one y•ar Net current liabilities 13 473,939 452,663 360,196 398.520 Total assets 19$$ cufT•nt Ilabllltlos N•t assets 281,392 235,017 235,017 281.392 Fund8 of the ¢h•rlty Unrestricted funds 281,392 235,017 Total charlty funds 14 281.392 235,017 These finanual slalemenls were approved by the board of trustees and aulhonsed ft>r issuè on 8 March 2022, 8n¢pre sne on beholf of board by.. MrA Vlce Presldent Mrmz Flnan¢e *r•tary The notss on paw 6 to 10 lorm part of thèse financ1 $tstements.
Pakistan Welfare Association (Slough) Notes to the Financial Statements Year ended 31 March 2021 General Informatlon The charity is a public benefit entrty and a registefed charity in England and Wales and is uninc(vporated. The athjress of the pnncspal office 1$ DaNlls Lane, Slough, SL1 2PH, Berkshi. Statemènt of compllanco These financial statements have been prepared in compliance th FRS 102, 'The Financial Reporting Standard aFvlicable in the UK arKI the Reputjic of Ireland.. the Statement of Recommended Practi applicable lo charitie5 preparing their accounts in aeeordonce wilh Ihe Financial Reporting Stsndard applicable in the UK and Reputsl of Ireland IFRS 1021 ICharrtie8 SORP IFRS 10211 and the ChantS Act 2011. Accountlng pollcles 8•8ls of preparntlon The financial staleThents have been kyepared on the histortcal cost basis, as modified by tho revaluation of certain finanoal assels an¢J liabilities and Investment properties measured al lair value through ineome ¢y expendrture. The financi81 slatemènls are prepared in Sterling, whth is Ihe fvnctional currency of Ihg ontity. Golng concern Ttr*re are no material uncertainlies abtsjl thè ¢h4rity's alIty to continue. Dl8¢losur• exemptlons enlty satisfies the crilena of being a quahfyiry enlty as defined In FRS 102. Judgements and key souwm of estlm8llon unctrtalnty preparation of the financial slalements r8quires man•3emenl lo make judgements. estimates nd assumptions that affed Ihe amounts repcwted These eslimales and judgements are conliniJ81ty reviewed and are based on expefience and other f8clors, Induding expectations of future events that are believed to be reasonable under the circumstances. Fund accountlng Unreslrieted frJnd$ are availthe for use al Ihe ¢JISli0n of the trustees to further any of the charity's purposes. Desvjnoled funds are Unrestrted fijnds eamwrked by Iwstees for particular future project or commilmenl. Restricted funds are subjected to $InctI5 on their exrthdrture declared by the donor or through the lerms of an appeal. and fall into cffle of hwo sub-classes.. tntIed income fvnds or endowment lunds.
Pakistan Welfare Association (Slough) Notes to the Flnanclal Statements {M*thId) Year ended 31 March 2021 Accounting policies iconthu•dJ In¢omlng r•$ources l incoming resources are inclu(led in the statement of financial activities when enlillement has passed to the Charity". il Is probable that the econom benefits associated th the transaction will flow to the tharity and the amount can be reliably mea$ure(J. The followng spw'fic policies are applied lo particulai categories of Income". income from donations or grants is recognised when there is 8VKlence of entitlement lo the gift, receipt is pro08ble and its amount can tre measured reliabty legacy income Is r8cognised when receipt Is probable and entitlement is established. income from donated goods is me85ured at the fair value of the goods unless this 1$ impfaclical to measure reliably. In which case the value Is denved from the cost lo the donor or the estsmaled resale value. Donated lacilrties and ser¥e8 are rewnised In the aounts when received il the value Can be reliably measured. No amounts are induded for the contribution of general volunteer5. income from contracts f¢y the suppty of servKes is recognised with the delivery of I conlractefj service. This is dassthed as unrestricted lunds unless Ihefe Is a contradual requirement for rt lo te Spent on a particular purpose and ielurned if unspent, in whith Case it may be regarded as restrb'cled. RMources •xpended Expenditure 1$ recognised on an a15 basis as a li8bilty is irUffed. Expenditure includes any VAT which cannol be lully recovered. aTrJ is classifd under headings olthe statement of finanaal activrtie5 to which il relates". expenditure on raising funds includes the costs of all funoraising athivilies. events, non- charitable trading activities. and the sale ol donated gwds. expenditure on tharitoble activities i1{KIeS all costs Inrred by a tharity in undertaking aclivilie5 that fvrthei ils ch8rrtable aims for the benefil of its tenefieiaries, including those SUPPOrt costs and cosls relating lo the govemance of the thgrty apPOrtne lo chartsble aclivilies. other expendrture Indudes all expendrtute that is neither related to raising funds f the charity rr part of ils expenditure on ¢harilable activrties. AJI costs are allocated to expeThJrture Categor reflectiry the use of the resource. Direct Costs attributable to a single activty are allocated difeclly lo that aetNty. Shared costs are apporti8 beeen the activities they contribute lo on a reasonable, Iuskn"fiable and consislenl basis. T4nglble assets AJI fixed assets are initially recorded at Cost. Depreciation Depreciation is calculated 50 as lo write off the cosl ry valuation of an asset, less rts Tesidual value, over Ihe useful economic life of that asset as follows". Freehold Building exc. Land Equipment, Fixtures & Fittings 1% straight line 15% reducing balance
Pakistan Welfare Association (Slough) Notes to the Financial Statements (eQnlrfnu•dJ Year ended 31 March 2021 Donatk)ns, grants and other prol•ets Unreslncled Funds Reslnded Total Funds Funds 2021 Donatlons Donations 2.515 2,515 Grnnts SBC - luncheon club grant Other sun¢Jry projects SBC - sundry gran15 Other grants 3.000 8.928 29,163 10,054 3,000 8,928 29.163 10.054 53.680 53.660 Unrestricted Reslncted Totsl Funds F8 2020 Donatlon8 Donations 3,874 41,420 45.294 Grants SBC - luncheon dub grant OIW sundry projects 3.000 13.720 3.C¥)O 13.720 20,594 41,420 62,014 Other Sncomo unrestred Ti>tsl Funds Unre¥tricted Totsl Funds Funds 2021 Funds 2020 Rent receivable 35.723 35.723 42,865 42,865 Exp•ndltur• on governanc• SupF¥M Totsl funds costs 2021 Total fund 2020 Govemance costs 43.008 43,008 J8,155
Pakistan Welfare Association (Slough) Notes to the Flnancial Statements Year ended 31 Mah 2021 Net Income Net Iome is staled after chargintylcredth"ng}.' 2021 2020 DepclaI10n of tangible fixed assets Legal and professional lees 3.935 750 3.638 Indgpend•nt examlnatbon fees 2021 2020 Fees Payab to the indeperthnt examiner for: Independent examinatson of the finarKial slalements 480 Staff costs The total staff costs and employee beneffts lor Ihe reporb'ng period are anatysed as follows.. 2021 2020 Volunteers, costs 4.761 2.550 average head count of employees during the yew was Nil12020." Nill. No employee received empklyee beneffils of mLYe than £80.000 during the year {2020.' Nill. 10. Trustsè remunerntlon and exwns•s I Iru$lees are volunlgers and refthr thew servKes free of charye. 11. Tanglble fixed Ossets Land and Fixtures and buildings fittings Total Cost AI 1 Apfil 2020 Additions 635,274 15.339 1.986 650,613 1,986 652,S99 At 31 March 2021 635,274 17,325 Depreclatlon Al 1 April 2020 Charge for the year At 31 Mah 2021 3,353 3.352 13,723 583 17,076 3.936 8,705 14.306 21.011 Carrylng amount At 31 March 2021 628.569 3.019 631,688 At 31 March 2020 631,921 1.616 633,537 12. DebtOf5 2021 2020 Prepayments and accrued IrMe olr debtors 16.569 3,953 6,518 3.953 20.522 10,471
Pakistan Welfare Association (Slough) Notes to the Finan¢lal Statements (eort*ts• Year ended 31 March 2021 13. CrlIors. amounts falllng due wlthln one ye4r 2021 2020 Bank arKI sundry loans Trade creditors Acciua15 and deferred income Social security and other taxes Other credilofs 460,000 8,681 4,480 778 441.000 5.188 4.480 778 1.217 473.939 452,663 Sundry loans 01 £410.00012020'. £441,000) afe loans given by indiv#1$ and l¢xal businesses to help buy freel1 property for the charity. These loans are interest free and are repayable on demand. 14. Analy81s of ch•thable funds Unr68trlct•d fund• At 31 March 20 21 1 April 2020 InGtyne Expendrture Gen8r81 thjnds 235.017 89.383 143.0081 281,392 Al 31 Mar¢h 20 20 1 April 2019 Income Expenditure General funds 15,360 63.479 138,155 40.684 16. Anaty818 of n•t •88•ts b•twMn lunds Unfeslricted Total Funds Furnls 2021 Tangible fixed assets Current assets Creditors less than 1 year Net a$$ets 631,588 631,588 123.743 123,743 1473,9391 1473,9391 281,392 281.392 Unresth"¢ted Total Funds Funds 2020 Tangible fixed assets Current assets Creditors less Ihan l year Net ¥0 633,537 54.143 {452.6631 235.017 633.537 54,143 1452.6631 235.017 10
Pakistan Welfare Association (Slough) Management Infomiation Year ended 31 March 2021 The followlng P•ges do not forni part ol the fln•ncl•l st•t•ments. 11
Pakistan Welfare Association (Slough) Notes to the Detalled Statement of Financial Activities Year ended 31 March 2021 2021 2020 In¢om• and endowments Oonatlons. grants and other pn)jects Donations SBC - luncheon club grant Other sundry projecis SBC - sundry grants Other grants 2.515 3.000 8.928 29,163 10,054 45.294 3.000 13.720 63,660 62,014 Other Income Rent receivab 35.723 42.885 Total Incom• 89.383 104,899 Expondlturg Expendlture on govgmance Volunteers, expenses Newspapers and other general expenses Premises costs Accountancy, legal and professn•1 fe88 Repairs and maintenance Insurance Telephone Other office costs LUnCheC club and events costs Depciall0n Other interest payable and similar charges Freelance corouttanl 4,761 2.550 1.885 15,091 480 1,255 2,144 2.517 1,773 2.220 3.638 9,049 1.2JO 6.901 2,084 817 100 3.000 3,935 58 10,6J9 4.802 43,008 38,155 Total expendbture 43.008 38.155 Net Income 46,375 66.744 12