CHARITY REGISTRATION NUMBER: 1079336 World Wide Welfare (Www) Unaudited Financial Ststements S April 2024 FAIRMAN DAVIS Chartered accountants 3 Exhibition House Addison Bridge Pla London W14 8XP
World Wide Welfare (Www) Flnancial Statements Year ended 5 April 2024 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements
World Wide Welfare (Www) Trustees. Annual Report fconllnuodj Year ended 5 April 2024 The trustees present their rewt and the unaudited financial statements of the chanty for the year ended 5 April 2024. Reference and admlnl8trntlve dota118 R•gi8t•rnd charlty name World We Welfare Charfty rngl8tratlon number 1079336 Prlnclpal offl¢• 124 Wandle Road Morden Surrey SM4 6AE Th• tru8t••8 Dr Bayan Alaraji Mrs Neam Allawi Mrs M Al-Taei Mr H Alhakim Indep•nd•nt examlner Abdul VirJi FCA 3 Exhibition House Addison Bridge Place London W148XP Structure, govoman¢• and management World Wide Weffare (V41Wrf) is a registered charty {no. 1079336). It is govemed by the declaration of trust dated 15th April 1999 as amended by supplemental deed dated 18th January 2000. It is managed by trustees who are respK)nsible for the day-to-day operations of the charity. ObJectlve8 and actlvltles The relief of povety, sid(ness and distress, in particular amongst the suffering people in Iraq. Achlevom•nt• and p•rfornianc• The charity continue3 to work to prevent and alleviate poverty. Flnanclal rnvlew The statement of financial position shows how the charity's funds have been used during the year. The gross receipts of the charity were £158.240 (2023.. £97.927). The trustees, annual report was approved on 23 December 2024 and signed on behalf of the board of trustees by.. Dr Bayan Alarajt Trustee
World Wide Welfare (Www) Independent Examinerfs Report to the Trustees of World Wlde Welfare (Www) Year ended 5 April 2024 I report to the trustees on my examination of the financial statements of World Wde Welfare (Www) (Xhe charity.) for the year ended 5 April 2024. Responslbllltles and ba818 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 carrth 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. Ind•pendent examln•rf8 $tat•m•nt I have completod my examination. I confirm thal no material matters have como to my attention in connection with the examinatK)n giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by Section 130 of the Act: or the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements conceming the form and content of accounts sat out in the Charities {Accounts and Reports) Regulations 2008 oth8r than any requirement that the accounts give a 'true and fair view which 1$ not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in nneCtIOn wrth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Faimian Davis Chartered P£countants Independent Examiner 3 Exhibition Houso Addison Bridge Place London W14 8XP
World Wide Welfare (Www) Statement of Financial Activities Year ended 5 Aprll 2024 2024 Unreslricled Restricted fvnds funds Total funds Totsl funds 2023 Incom• and endowm•nts Donations and legacies Investment income 75,521 1,521 81,198 156,719 1.521 97,743 Total Incom• 77,042 81,198 158,240 97.927 Expenditure Expendrture on charitable activiti'es Total exp•ndlturn 83,422 53.809 137,231 137.231 67.200 83,422 53.809 67,200 Not Incomo and net mov•mont In funds {6.380) 27.389 21.009 30,727 Roconclllation of funds Total funds brought forward Totsi funds ¢arrl•d forward 294.191 7,898 302,089 271,361 287,811 35,287 323,098 302,089 The statement of financial 8Ctivities includes all gains and10&8es rec(>3nised in tho year. All income and expenditure derive from continuing activrties. The notes on pages S to 10 Ivrm part of the flnanGlal •tstem*rbts.
World Wide Welfare (Www) ststement of Flnanclal Positlon 5 Aprll 2024 2024 2023 Current a88ets Cash at bank and in hand 323,698 303,048 Credltorn: amounts falllng duo wfthln on• year Net currgnt a88•ts 13 960 323.098 302,088 Total assets less currnnt Ilabllftle8 323,098 302,088 Net 4880ts 323.098 302,088 Funds of the charlty Restricted funds Unrestricted funds 35,287 287,811 7,898 294,191 Total charfty fund8 14 323,098 302,089 These financial statements were approved by the board of trustees and authori8ed for i88ue on 23 December 2024, and are signed on behalf of the board by.. Dr Bayan Alaraji Trustee Tho noteJ on pages S to 10 fonn part of th? IlrbanGl•l 4*tat•nwnt•.
World Wide Welfare Iwww) Notes to the Financlal Statements Year ended 5 Aprll 2024 Genaral Infornmtlon The ch8rity is a publtc benefit entty and a registered charty in England and Wales and is unincorporated. The address of the princal Offi is 124 Wandle Road. Morden. Surrey, SM4 6AE. Statomont of ¢ompllan 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 charits'es preparing their ac£ounts in accordance with the Financial Reporting SL2ndard applicable in the UK and Republic of Ireland (FRS 102) {Charbti8S SORP (FRS 102)) and the Charities Act 2011. Accountlng pollcl•• 8asl• of pr•paratlon The financial 8taterrents have been prepared on the historical cost basis, as modrfied by the revaluation of certain financbal assets and liabilitses and investsnent properties measured at fair value through income or expenditure. The financial statements are prepared in Sterling. whrch is the functional currency of th8 entity. Golng conc•rn There are no material uncertainties about the charity's ability to continue. For•lgn currencl Foreign currency transactions are initially recorded in the functional currency. by applying the spot exchange rate as at the date of the transaction. Monetary awts and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting data, with any gains or losses being tsken to the statement of financial aclivities. Fund accountlng Unrestrlcted funds are avai18bte for use at Ihe discretion of the trustees in the furtherance of the genéral objectives of the eharty. Restricted funds are funds which have restrictions imposed by the donors. These can onty be utilised in accordance with the donors, wishes and are not available for any other use. Restricted funds also include amounts collected as agents and are shown separately in the financial statements. Desonated funds a funds which have been set aside or utilised for a specific purpose and are not available for general use. Some designated funds can be recognised as income over a period. and these are shown in the movement of funds and in the income and expendrture account.
World Wlde Welfare (Www) Notes to the Financial Statements Year ended 5 April 2024 Accounting policles {conJnu Incomlng resourc08 l incoming resources are included in the statement of financial actThiities when entitlement has passed to the charty; it is probable that the econom benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specrfic policies ar8 applied to particular categories of income: income from th)nations or grants is recognised when there is eVenCe of entitlement to the gift, receipt is probable and tts amount can be me8sured reliably. legacy income is recogni8ed when receipt is Pfobable and entiljement is established. income from donated goods is measured at the fair value of the goods unless is impractical to measure reliabty, in which case the value is derived from the cost to the donor or the ests'mated resale value. Donated facits'ties and services are recognised in the accounts when received if the value can be reliabty measured. No arnounts are included for the contribution of g•n•ral volunteers. income from contracis for Ihe 3uppty of services 5$ rKognised 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 retumed rf unspent, in whh case it may be regarded as restricted. Re8ourco8 •xpondod Expenditure Is rwni8ed on an accrual basis as a liats'lity is incurred. Expenditure includ8s any VAT which cannol be fulty r0vered, and is reported as part of the expenditure to which il relates". Costs of generating funds comprising the costs associated with attracting voluntary income. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activtties and services for its beneficiaries. It included t)oth Costs that can be allocated directty to such activities and those costs of an indirect nature necessary to support them. Govemance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charty. Support costs are incurred to facilitate actNities and include the central offe functions such as general management, payroll administration. budgèting and accounting, infomiation technology, human resources and finance. FlnanGlal In•tnimont• A financial 888et or a financial liability is recogni8ed only when the charlty becomes a paty to the contractual provisions of the instrumenL Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequenty measured at the sh or other consthration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cosL
World Wide Welfare (Www) Notes to the Financial Statements (cothinwd) Year ended S April 2024 Accounting polici88 iwrfnu•dJ Flnanclal In8trument8 (conllnu•d) Where investrnents in shares are publty traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair valu8 recognised in income and expenditure. All other such invesljnents are subsequently measured at cost less impaimenL Other financial instruments, including deTrrfatives. are initially recognised at fair value, unless payment for an asset is deferred beyond nonnal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measur1 at the present value of the futur• payments discounted at a marf(et rate of interest for a similar debt instrument. Other financial instruments are subsequentty measured at fair value, with any changes recognised in the Statement of financial activitie8, with the excepts.on of hedging instruments in 8 de8ignated hedging relab-onship. Financial assets that are measured at cost or amortised cost are reviewed for objactiva evidence of impairment at the end of each reporting date. If there is obj'ective wiidence of impainnent, an impairment1088 18 recogntsed under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equty instruments regardless of Signifnce, and other financial assets that are individually significant, these are assessed individualty for impairment. Other financial asgets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairrnent are re¢ognised immediatety. to the extent that tha ffjversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount woukl have been had the impainnent not previousty been recognised. Donatlons and l•gacl•8 Unrestrictod Funds Restricted Total Fund8 Funds 2024 Donatlon8 General Donations Sadak8h Fitrah Orphans Eid Donations Khums Qurbani Ramadaan & lftaar Special Donations & Misc. Fidya 47,986 47,988 1,800 525 68,639 1,800 525 68,639 1.200 180 1,870 6,889 95 1,200 1.870 6,889 96 Gift8 Gift Aid 27,535 27,535 75,521 81,198 166,719
World Wide Welfare (Www) Notss to the Flnancial Statements (nth¥u•d) Year ended 5 Aprll 2024 Donations and logacies (ccndnu Unrestricted Funds Restricted Total Funds Funds 2023 Donation8 General Donalions Sadakah Fitrah Orphans Eid Donations Khums Qurbani Ramadaan & lftaar Special Donation8 & Misc. Fidya 44.848 44,848 2.2C 351 46.633 180 900 690 1.520 325 90 2,2f 351 46,633 180 900 690 1,520 325 90 Glft8 Gift Aid 44,848 52.895 97,743 Invtment Income Unrestricted Total Fund8 Unrestricted Total Funds Funds 2024 Funds 2023 Bank intere8t receivable 1,S21 1,521 Exp•ndltur• on charftabl• actlvltl•8 by fund typ• Unrestricted Funds Re$tri¢t•d Total Fund8 Funds 2024 Activty Support costs 81.105 2,317 53,809 134,914 2,317 83,422 53,809 137,231 Unrestricted Funds Restricted Total Funds Funds 2023 Activity Support costs 16.858 {2,031) 14,827 52,372 69,230 (2,030) 67,200 52,372
World Wide Welfare (Www) Notes to the Flnancial Statements {nn8) Year ended S Aprfl 2024 Exp•ndlture on charitable activiti88 by activlty typ• Acttviknes undertaken direcdy Support Total funds costs 2024 Total fund 2023 ActNity Governance costs 134.914 1,717 600 136.631 66,720 134,914 2.317 137,231 67,200 Analys18 of 8UPPOrt CO8ts Anatysis of support costs activty 1 Total 2024 Total 2023 Finance costs Foreign Exchange lossl(gain). 505 1,211 606 1,211 241 (2,751) {2,510) 1,716 1,716 Not Income Net income is statad aft6r chargingl{crediting): 2024 2023 Foreign exchange differ•nce$ 1,212 (2,751) 10. Independent oxamlnatlon f••8 2024 2023 Fees payable to the independent examtner for: Independent examination of the financial stalements 600 480 11. Staff c08ts The average h•ad count of employees during the yew was Nil (2023: Nil). No employee received employee benefits of more than £60,000 during the year {2023: Nil). 12. Tru•t•• r•mun•ratlon and •xp•n8 No remuneration or other benefits from employment with the charity or a related entty were reIVed by the trustees 13. Credltor8: amounts falllng due wlthln one year 2024 2023 Accruals and deferred income 600 960
World Wide Welfare (Www) Notes to the Financlal Statements (cMffnued) Year ended S April 2024 14. Analy81s of charftable funds Unr98tricted fund8 At 6 April 2023 At Incon Expenditure 5 April 2024 Unrestricted Fund 294,191 77.042 (83,422) 287,811 Al 6 April 2022 At Incc¥me Expenditure S 4oril 2023 Unrestricted Fund 263,986 45,032 {14,827) 294,191 R•trlct•d fund8 At Income ExndItUre 6 Aprfl 2024 6 April 2023 Restricted Fund 7,898 81,198 (53,809) 36,287 At Income Expenditure 5 April 2023 6 April 2022 Restricted Fund 7,375 52.895 (52,372) 7,898 16. Analy818 of not a88•t8 b•twMn fund• Unrestrthd Funds RestrÉcted Total Fund• Funds 2024 Curr8nt assets Creditors le&s than 1 year Not a8••t8 288,411 <600) 287.811 35,287 323,698 {6001 323.098 35,287 Unrestricted Funds Restricted Total Funds Funds 2023 Curr•nt assets Creditors less than 1 year Net a88Ot8 295.150 (960) 294,190 7,898 303.048 (960) 302.088 7,898 10