CHARITY REGISTRATION NUMBER: 1074854 Pakistan Welfare Association (Slough) Unaudited Financial Statements 31 March 2025 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 2025 Pages Trustees, annual report 1to2 Independent examiner's report to the trustees Statement of financial activities statement of financial position Notes to the financial statements 6t010 The following pages do not form part of the financial ststements Detailed statement of financial activities 11to12 Pakistan Welfare Association (Slough) Trustees. Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements ofthe charity for the year ended 31 March 2025. Reference and administrative details Registered charity name Pakistan Welfare Association (Slough) Charity registration number 1074854 Principal office DaNills Lane Slough Berkshire SL12PH The trustees Mr A Sattar Mr M Khurshid Mr M Shabbir (resigned) Mr l Khan (appointed 28108125) MrMZKhan Mrs S Akbar Charity secretary Mr M Khurshid Independent examiner Bilal Amin FCA FCCA Unit 15A, Slough Business Park 94 Farnham Road Slough Berkshire SL13FQ Structure, governance and management The Association is run by the elected office bearers and by the members of the nominated executive committee. The office bearers are elected for three years by the Slough community through public votes. These elected members then become trustees of the Association for the duration of their office. Pakistan Welfare Association (Slough) Trustees, Annual Report (contlnued) Year ended 31 March 2025 Objectives and activities We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The aims and the objects of the Association are to provide welfare services to the Pakistani Community in Slough, to promote racial harmony, to provide assistance and guidance to its members, to hold social events and celebrate National Days, to keep liaison with local authorities with a view to resolve various matters concerning the Pakistani Community. Achievements and performance The Association carries out a wide range of activities in pursuance of its charitable objectives. The trustees consider that the activities like festivals celebration, homework club and IT classes, school support project, luncheon club, creche facilities and other public services to individuals and local groups and organisations provide benefit to the wider community of Slough. Financial review The net surplus of the Association is set out on page 4 and the trustees consider that the accumulated funds and the continued support from the Slough Borough Council would be sufficient to enable the Association to meet its objectives. Plans for future periods The charity has purchased the freehold rights of the building from the Slough Borough Council in May 2019 with the generous financial support of local community by raising donations and interest free loans from individuals and other local businesses. These loans are interest free and are repayable on demand. The trustees are proposing to start additional services i.e. MMA (mix martial art) for youth, boxing for female classes and discounted tuition. The trustees, annual report was approved on 26 March 2026 and signed on behalf of the board of trustees by.. MrMZKhan Pakistan Welfare Association (Slough) Independent Examiner's Report to the Trustees of Pakistan Welfare Association (Slough) Year ended 31 March 2025 I report to the trustees on my examination of the financial statements of Pakistan Welfare Association (Slough) {'the charity,) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b} of the Act. Independent examiner's statement- matter of concern identlfied I confirm that no other matters have come to my attention in connection with my examination giving me cause to believe that in any material respect= accoLsnting records were not kept in respect of the charity as required by section 130 of the the financial statements do not accord with those records., or the financial statements 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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to..be reached. ilal Amin ACA FCCA Independent Examiner Unit 15A, Slough Business Park 94 Farnham Road Slough Berkshire SL1 3FQ Dated.. 26 March 2026 Pakistan Welfare Association (Slough) Statement of Financial Activities Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Donations and other projects Other income 25,213 84,469 25,213 84,469 11,796 84,822 Total income 109,682 109,682 96,618 Expenditure Charitable activities and governance costs Total expenditure 105,480 105,480 105,480 87,864 105,480 87,864 Net Income and net movement in funds 4,202 4,202 8,754 Reconciliation of funds Total funds brought forward Total funds carried forward 411,994 411,994 416,196 403,240 416,196 411,994 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activilies. The notes on pages 6 to 10 form part of these financial ststements. Pakistan Welfare Association (Slough) Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 629,902 635,856 Current assets Debtors Cash at bank and in hand 12 13,976 33,196 15,011 55,344 47.172 70,355 Creditors: amounts falling due within one year Net current liabilities 13 260,878 294,217 213,706 416,196 416,196 223,862 411,994 411,994 Total assets less current liabilities Net assets Funds of the charity Unrestricted funds 416,196 416,196 411,994 Total charity funds 15 411,994 These financial statementswere approved by the board oftrustees and authorised for issue on 26 March 2026, and are signed on behalf of the board by.. Mr M Khurshid Trustee MrMZKhan Trustee The notes on pages 6 to 10 form part of these financial statements. Pakistan Welfare Association (Slough) Notes to the Financial Statements Year ended 31 March 2025 General information The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Darvills Lane, Slough, SL12PH, Berkshire. statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 1021 (Charities SORP (FRS 102)} and the Charities Act 2011. Accounting policies Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Disclosure exemptions The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discrelion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. Pakistan Welfare Association (Slough) Notes to the Financial Statements (continued) Year ended 31 March 2025 Accounting policies (contlnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income-. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charilable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets All fixed assets are initially recorded at cost. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows-. Freehold building exc. Land Fixtures, fittings & equipment 10/0 slraighl line 15 % reducing balance Pakistan Welfare Association (Slough) Notes to the Financial Statements (conllnued) Year ended 31 March 2025 Donatlons and other projects Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Donations 11,313 11,313 6,011 6,011 Grants Other sundry projects DBC- sundry grant 3,900 10,000 3,900 10,000 25,213 5,785 5,785 25,213 11,796 11,796 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Rent receivable 84,469 84,469 84,822 84,822 Expenditure on charitable activltles and governance Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Charitable activity - paid out Governance costs 1,170 104,310 105,480 1,170 104,310 4,880 82,984 87,864 4,880 82,984 105.480 87,864 Net Income Net income is stated after chargingl{creditingl'. 2025 2024 Depreciation of tangible fixed assets 5,954 6,414 Independent examination fees 2025 2024 Fees payable to the independent examiner for.. Independent examination of the financial statements 480 480 Pakistan Welfare Association (Slough) Notes to the Financial Statements (conlinued) Year ended 31 March 2025 Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries Employer contributions to pension plans Volunteer's costs 14,616 49 378 10,997 130 2,737 15,043 13,864 The average head count of employees during the year was 1 (2024= 1). No employee received employee benefits of more than £60,000 during the year {2024'. Nil). 10. Trustee remuneration and expenses All trustees are volunteers and render their services free of charge. 11. Tangible fixed assets Land and Fixtures and buildings fittings Total Cost At 1 April 2024 and 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 635,274 36,864 672,138 16,764 3,352 19,518 2,602 36,282 5,954 42,236 20,116 22,120 Carrying amount At 31 March 2025 615,158 14,744 629,902 635,856 At 31 March 2024 618,510 17,346 12. Debtors 2025 2024 Prepayments and accrued income Other debtors 10,023 3,953 13,976 11,058 3,953 15,011 Pakistan Welfare Association (Slough) Notes to the Financial Statements (contlnued) Year ended 31 March 2025 13. Creditors: amounts falling due within one year 2025 2024 Bank and sundry loans Trade creditors Accruals and deferred income Social security and other taxes Other creditors 250,833 1,320 3,118 3,325 2,282 260,878 285,833 5,198 1,513 733 940 294,217 14. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £49 (2024.. £130}. 15. Analysis of charitable funds Unrestrlcted funds At 31 March 20 25 At 1 April 2024 Income Expenditure General funds 411,994 109,682 (105,480) 416,196 At 31 March 20 24 At 1 April 2023 Income Expenditure General funds 403,240 96,618 (87,864) 411,994 16. Analysis of net assets between funds Unrestricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 629,902 629,902 47,172 47,172 (260,878) (260,878) 416,196 416,196 Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 635,856 635,856 70,355 70,355 {294,217) (294,217) 411,994 411,994 10 Pakistan Welfare Association (Slough) Management Information Year ended 31 March 2025 The following pages do not form part of the financlal statements. 11 Pakistan Welfare Association (Slough) Notes to the Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Income and endowments Donations and legacies Donations Sundry projects SBC - sundry grant 11,313 3,900 10,000 25,213 6,011 5,785 11,796 other income Rent receivable 84,469 84,822 Total income 109,682 96,618 Expenditure Expenditure on charitable activities and governance Charitable activities - paid out Wages and salaries Pension costs Volunteer's costs Newspapers and other general expenses Premises costs Accountancy, legal and professional fees Repairs and maintenance Telephone and IT Other office costs Luncheon club and events costs Depreciation Other interest payable and similar charges Freelance consultants 1,170 14,616 49 378 298 23,729 4,750 15,098 1,883 2,914 14,268 5,955 932 19,440 105,480 4,880 10,997 130 2,737 336 26,676 3,549 15,346 5,875 554 6,526 6,414 1,327 2,517 87,864 Total expenditure 105,480 87,864 Net Income 4,202 8,754 12