CHARITY REGISTRATION NUMBER: 1074864 Pakistan Welfare Association (Slough) Unaudited Financial Statements 31 March 2024 ID N INSIG Accountants a statutory Audltor8 Unlt 15A, Slough Business Park 94 Famham Road Slough Perk8hlre 8L13FQ
Pakl•tth Walfate A•goclallon18loughl Plndndal 8tdloMèhl• Y•ar ended 31 March 2024 Pago• 1to2 Trustsei, annual report Independent examinerfs report to the trustees Statement of financlal ,-,etivitss ststement of financial position Notes to the financial ststements 6t010 The followlng pages do not forni part of the flnanclal ststsmants Detailed statement of fiiiancial actlvitses 11to12
Paklstsn Welfare As80clatlon (Slough) Tnffjtees. Annual Report(wthA¢ Year ended 31 March 2024 Objectlves and actlvltles have referred to the guldarKe contained in the ChaTty Commisslon's genal gilld on pub¢ efft when reviewing our aims arKI obie¢bves arKI in an9 ow fvlwe athitie& The alms and objects of the Assoclakn are to wovlde *re sdvkes to the Pakistani C¢mmunty In Slough, to promote raclal harniony, to provth assistan arKI guidance to its members. to hold soclal events and celebrate National Days. to keep liaison with local authxitses th a view to resolve various matters conceming the Pakistani Community. Achlwements and perfomMnce trustees consider Ihat ttkq activities like festivals cdebration. horne dub and IT dasses, school support project, luncheon club. crethe facifrttes and other public seNices lo Individ and local groups and organi5ations provide benefft to the WKIW community of Slough. Flnanclal rnvlew The net surplus of the Associatron is set out on page 4 and ts trustees consider that the accumulated funds and the continued support from thg Swh W Councl Wld be suffiaent to enable the Association to meet its objective& Plans for future perlods The charity has pw¢hased the freetr rights of the builrfing from the Slough Borough Councll in May 2019 with the generous financial support of local community by raising donalions and interest free loans from indivlduals and other kjcal busine&ses. The main priordy of the trustees Is lo repay the raIning interest free loan as as possible wlth having any adverse effect on the running of the charity. Tha trustees, annual rewt was approved on 31 Janu 2025 and signed on behalf d the board of truslees ty. MrMZKh
Pakistan Welfare Association (Slough) Trustees, Annual Report Year ended 31 March 2024 The trustees present thelr report and the unaudlted finandal statements of the charlty for the year ended 31 March 2024. R•f•rnnc• and admlnlstratlve delalls Reglstered ¢haTIty name Paklstan Welfare A880clatlon (Slough) Charfty rnglstratlon numbor 1074854 Prlnclpal offlco Darv1118 Lane Slough SL12PH 8erkshlre The tru8ts08 Mr A S8ttar Mr M Khurshld Mr M Shabblr MrMZKhan Mr8 S Akbar Charlty 8o¢rotsry Mr M Khur8hed Indopendent examlner Bllal Amln FCA FCCA Unll 15A, Slough 8u81ne88 Park 94 Famham Road Slough Berkshlre SL13FQ 8truetsro• governanco and manag•mont Th8 A880clatlon Is run by the elected office bearer8 and by the members of the nomlnated executlve commlttee. The office bearers are elected forlhree years by the Slough communlty through publlG voles. These elected members then become trustees of the A8soclatlon for the durallon of their office. However, due to Cowd-19 restrtctfong electlon could not ba held In the last year. Therefore, the old tN8tee8 ntInUed wllh thelr respons111t183.
Pakistan Welfare Associatlon (Slough) Indep8ndent Examlnetrs Report to the Trustees of Paklstan Welfare Associatlon (Slough) Year ended 31 March 2024 I report lo the trustees on my examination of the financlal statements of Pakistsn Welfare Assoclation (Slough) (Ihe charw) for the year ended 31 March 2024. R•spoMlbllltles and basls of report As ts trteeS of the charlty you are responsible for the preparation of the finala1 statements In accordance with the requirements of the Charities Act 2011 (Ihe Act.). I report in respecl of my examination of the charity's financial stslements carried out under sedion 145 of the 2011 Act and in carylng out my examlnatlon I have foltowed all the applicable Directions given by the Charity Commlsslon under sectlon 145(5)(b) of the Acl. Indep•nd•nt examlnefs statement- matter of concern Identmed I confirni that no other matters have come to my attention in connectlon with my examlnatlon g5vSng me cause to believe that In any materfal respecl. accounting records were not kept In respect of the charity as required by seciion 130 of the or Ihe financial statements do nol accord with those records; or the financial 8tstements do not comply the applicable requirements concemlng the forni and content of accounts set out in Ihe Charities (Accounts and Reports) Regulatlons 2008 other than any requSrement that the accounts glve a Irue and fairf view which Is nol a matter considered as part of an independent examination. I confim that there a no other matters to whkh your attention should be drawn to enable a proper understandlng of accounts to be reached. al Amln FC FCCA Independent Examlner Unlt 154 Slough Buslness Park 94 Famham Road Slough Berkshlre SL13FQ Dated." 31 January 2025
Pakistan Welfare Association (Slough) statement of Flnancial Activities Year ended 31 March 2024 2024 Unrestricted fijnds Total funds Total funds 2023 Note Income and endowments Donatlons and other projects Other Income 11,796 84,822 96,618 11.796 84.822 96,618 32,383 70,752 103,135 Total Incom• Expendlthre Charitable activlty and govemance costs Total exp8ndlturn 87,864 87,864 87,864 87.864 66.185 66,184 Net Income and movemont In funds 8,754 8.754 36,950 Reconclllatlon of funds Total fvnds brought forward Total funds carrfed forward 403,240 411,994 403,240 411,994 366,290 403,240 The statement of financlal activfties Includes all gains and Ios8es recognised In the year. All Income and expendlture derive from continuing activities. The not08 on pages 6 to 10 fomi part of these flnanclal Statements.
Pakistan Welfare Association (Slough) Statement of Flnanclal Posltlon 31 March 2024 2024 2023 Flxed a880ts Tanglble flxed assets 11 636,856 630,586 Current assets Debtors Cash at bank and In hand 12 16.011 66,344 70.365 18,484 86,031 104,515 Credltorn: amounts falllng duo wlthln one year Net currnnt Ilabllltl 13 294.217 331,861 227,346 403,240 403.240 223,862 411.994 411.994 Total a88ets1888 current Ilabllltle• Not a890ts Funds of tho charlty Unrestrlcted funds 411,994 411,994 403,240 403,240 Total charlty funds 16 Th88e financlal statements were approved by the board of tN8tee8 and authorI8ed for188ue on 31 January 2025, and are slgned on behaff of the board by: Mr M Khurshed Tru8ts0 MrMZKhan Trustee The note8 on paqes 6 to 10 lorm part olthese flnancL418taternents.
Pakistan Welfare Association (Slough) Notes to the Financial Statements Year ended 31 March 2024 General Informatlon The charlty Is a publlc benefit entty and a registered charlty In England and Wales and Is unlncorporated. The addr&8s of Ihe prlnclpal office is Darvills Lan•. Slough. SL12PH, Berkshire. Statement of compllance These finandal slatements have been prepared In compllance wlth FRS 102, Tr Financlal Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice appllcable to charities preparfng thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charftles Act 2011. Accountlng pollcles Basls of preparatlon financial statements have been prepared on ts historical cost basis, as modlfied by tha revaluation of certain finandal assets and Ilabllltfes and investment propertles measured at falr value through Income or expenditure. The financial statements are prepared in sterling, whlch Is the functlonal CUffen¢y of the entity. Golng concern There are no malerfal uncertainlies about the chariils abS1ty to Continue. Dlsclosure exemptlons The entlty sattsfies the crlterla of belng a qualifylng entsty as defined in FRS 102. Judgements and koy gources of estlmatlon uncertalnty The preparation of the financAal statements requires management to make Judgements, estimates and a&sumptions that affect the amounts reported. These estimates and judgements are continualEy reviewed and are based on eXperten and other fractors, indudlng expectations of future events that are believed to be reasonable under the circumstances. Fund accountlng unStrICted funds are available for use at the dlscretlon of the trustee8 to further any of the charltys purposes. Deslgnated funds are unrastrlcled fijnds earmarked by the trustees for partlar fulure project or commitmenL Restricted funds are subiected to restrldS¢M8 on thelr expenditure dedared by the donor or through the temis of an appeal, and fall Inlo one of two sub4la&ses: restrfcled income fund8 Qr end(Y*vment funds.
Pakistan Welfare Associatlon (Slough) NO to the Financ& Statoments (C4•¢ Year ended 31 March 2024 A¢countlng pollcles (c01 In¢omlng resources All incomlng resources are induded in the statemert of financial 8cbvities when entitlement has passed to the tharity; it is probable that the economic beneffts associated ryth the transactlon ill Ilow to the charity and the amount can be rellabty measured. The following specific pollcles are applied to parblar categotss of Income: Income from donations or grarts is recwNsed there Is evldence of entItleMtt to the gfft, receipt is wobable and Its arrnt can be measured ref. income from d(mated goods is na$ at fair value of the goods unless thls 1$ impractical to measure refiably, in which case the value is derived from the cost to the donor orthe estlmated resale vatue. Donated facilities arKI services are recognised in the accounts when received rf the value Can ba rellaNy mèasured. No amounts are Included for the contra¢Xed servtce. Thls Is cksthd as unrestricled fiArth unless the is a contiadual requirement for it to be spent on a partiallar rurrd if unspen( in whlch case It may be regarded as restrlthd. Reire•S •xp•nd•d Expenditure Is recognlsed on an accnjals basis as a liabl Is Incurred. Expenditure includes any VAT %thich cannot be fulty rec0vw. ar#1 is classiw under fadlngs of the statement of finarla1 activitres to ¢th it relates: expendlture on rdlslng funds Indudes the costs of all fundralslng ac16vlties, events, non- charilable trading activitses, arKI trE sale of donated goods. expendtture on charitth acbvibes includes all costs incurred by a charity in undertaklng activities that further its clwiiable aims for the benefit of its beneficiaries, Induding those support costs and costs rdatSng to 1he gOVnanCe of the charity apportioned to ¢harttable otherexpendiiure frlUdeS all eXpththat Ss neIr related to ralsiTrJfunds forthe charlty 81tsibuiable to a single activlty are allocated (reCty lo that activty. Shared costs are apport•oned bthwn the actsvitles they contritxrte to on a reasork7ble. iustifith arKI consistent basis. Tanglble assets Depreclatkln Depreciation Is Ca1lated so as towrite off the cost or vaEuation of an a6seL less it4 resthal val, Free1Id bulldtsw Land 1% 8trM kne Fixtires, fity & equlixi . 15% balance
Paklstan Welfare Association (Slough) Notes to the Flnanclal Statements Year ended 31 March 2024 Donatlons. grants and other projects Unrestrth Totsl Funds Unrestricted Total Funds FWKIS Funds 2023 ljonatlons Donations 6,011 011 13.369 13.369 Grnnts Other sundry wojeds SBC- sundry grants 5.785 785 7.680 11,334 7.680 11.334 11.796 11.796 32,383 32,383 other Income Unrestricted Total Funds Unrestricted Total Funds FWKIS 2024 Funds 2023 Rent receivable 84,822 84822 70.752 70,752 6. Expendlturn on ¢hafftable acdvlty and governance unrest Tolal Funds Unrestricted Total Fur 2024 Funds 2023 Charllable athvlty- pald oul 4.880 82,984 4880 81984 S764 66,185 66,185 66.185 66.185 Net Income Net income is stated after ChargIn{aditI1Va). 2024 2023 Depreclathm of tangibb ftted assets 6A14 4,893 Ind•pondent examlnallon fees 2024 2023 Fees payable to the Indetkndalt examimr for. Independent &xamination of tr* fman(ial slaknents
Pakistan Welfare Association (Slough) Notes to the Financlal Statements Ic Year ended 31 March 2024 9. Slaff costs The total staff costs and emkn befits for the rwing period are anatysed as foll 2024 2023 Wages and salaries Employer COntrul10n3 to POn pla Volunteerfs costs 10.997 130 1737 13.864 11.700 39 3.195 14.934 average head count of employees during the yew Th 1 (2023: 1}. No empw recelved emth ber of rrKYe than £60.OIXI durirvJ the year (2023: 10. Trustee remunerdllon and expenses All trustees are volunteers and rerKler tsir 8ervice8 free of tharge. 11. Tanglble fixed ets Land and Flxiures and buildings ffttings Cost At 1 Aprll 2023 Addttions 635,274 25,180 11.684 660A64 11.684 671138 At 31 March 2024 635,274 Depreclallon At 1 Awil 2023 Charge for the year At 31 March 2024 13.411 3.353 16,457 3.061 29,868 6,414 16,764 19,518 36.282 Carrylng amount At 31 March 2024 618.510 17.346 635,856 At 31 March 2023 621.863 8,723 630.586 11 Debtors 2024 2023 Prepayments and accnd Irmme Other debtors 11.068 4953 14011 9,031 9,453 18,484
Paklstan Welfare Assoclation (Slough) Notss to the Flnanclal Statements (conthd) Year ended 31 Plarch 2024 13. Cyedltorn: amounts falllng due wlthln on• year 2024 2023 Bank and sundry k>ans Trade creditor3 Accruals and deferred IrKome Soaat security arxl other taxes Other creditors 286.833 5.198 1.513 733 320,855 935 8256 746 1.069 331,861 2¥217 1& Pensk)ns and other post rnllrement benellts Deflned contrfbuilon plans plans was £130 (2023: £39). 16. Analysls of charltablo fvnds Unre8trlcted funds At 31 March 20 1 Awl 2023 Income Expendiiur General fimds 403,240 86.618 (87.864) 411.994 31 March 20 23 1 2022 Incxmie Expen¢thire Gen81 funds 366.290 103,135 {66,185) 403,240 1& Anatysls of net assets betvrnen funds Unrestricted Total Funds Funds 2024 Tgible fixed assets Current assets Creditors less than 1 year Net assets 635,856 635.856 70.355 70,355 (294,217) 1294217) 411.994 411,994 Unrestricted Total Funds Funds 2023 Tanglble fixed assets Current a&8ets Creditors less than 1 year Net ass•ts 630.586 630,586 104,515 104.515 (331,861) (331.861) 403,240 403,240 10-
Pakistan Welfare Association (Slough) Management Infonnatlon Year ended 31 March 2024 Tho followlng pages do fomi part of the financlal statements. 11
Pakistan Welfare Associatlon (Slough) Notss to the Detalled Statement of Flnanclal Actlvltles Year ended 31 March 2024 2024 2023 Income and endowments Donatlons. grdnts and other proJo¢ts Donatlons Sundry projects SBC - sundry grant8 6,011 78G 13,369 7,680 11,334 32,383 11,798 Othar Incomo Rent iKelvabl8 84.822 70,752 Total Incomo 98.618 103,135 Expendlturn on charftablo actlvlty and gov•mance Charltable actSvlty- pald out Wages and 8alart88 Pen81on cosls Volunteer8 COSt8 New8paper8 and other genwal expen8e8 Premlses costs Accountsncy, legal and profe881onal le88 Repalr8 arKI malntenance Communlcatlons and IT Other office costs Luncheon club and event8 C08t8 Depreclatlon Other Interest payable and 81mllar charges Freelance con8uEtants 4880 10.997 130 2,737 336 28,678 3.649 16.346 6,876 664 6.528 6,414 1.327 1517 87.864 11,700 39 3,195 300 18,797 8,867 2,785 434 688 12,287 4,893 1,882 2,338 66,185 Total expendlturn 87,864 88,185 Net Income 8,754 36,950 12