CHARITY REGISTRATION NUMBER: 1087430 Muslim Welfare Association of Port Talbot Unaudited Financial Statements 31 December 2023 SAK2020 LTD. Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1PU
Muslim Welfare Association of Port Talbot Financial Statements Year ended 31 December 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities Notes to the detailed statement of financial activities 10
Musllm Welfare A880clatlon of Port Talbot TnMte••' Annual R•port Yoar •nd•d 31 Docwnb•r 2023 Th• truth went th report and the undI1•d IlnanclD] stalement8 of lh• ¢harty for th• y•ar orKled 31 Dvmber 2023. R•for•nu and adffllnl•tratlv• d•tall• R•yl•tér•d chavlty n•m• Charfty r•gl•tratlon numb•r Cornp•ny r•gl•trallon numIr Prtnolp•l offlc• and rnglfjt•r•d Oak¥wod Lan• Comrnunty C•ntM •fflc• O•kwood Lane Port Taknt Wogt Glamorqan SA13 1DF Mu81kn Wlfaro Ag8ochtk>n of Port Tdbot q087430 Th• tru8tM• MR8QShqth MrA Ncor Indyndent •xamln•r 8AK2020 Lld. Chartwad CérUff•d AetrJuntant• Broodway HouJ¢ Broadway CardHf CF24 1PU 8mall oompany provl¥lon• Thlo r•port h44 beon preparod In qc¢ordan¢e wlth th• prov181on• p1kab to ¢{rykn1 •nld•d to the 8ffall companbi •xemptlDn. tru8ts61 by.. .IQZ4 and 8lgn•d ¢n behalf of tho boerd al MRA NOOR MRSQSHAH Tru8t•o
Muslim Welfare Association of Port Talbot Independent Examiner's Report to the Trustees of Muslim Welfare Association of Port Talbot Year ended 31 December 2023 We report to the trustees on our examination of the financial statements of Muslim Welfare Association of Port Talbot {'the charity,) for the year ended 31 December 2023. Responslbilitles and basls of report As the trustees of the company, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,) Having satisfied ourselves that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. we report in respect of our examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out our examination we have followed the Directicns given by the Charity Commission under section 145(51(b) of the 2011 Act. Independent examlnerfs Statement We have cornpleted our examination. We confirm that no matters have come to our attention in connection with the examination givSng me cause to believe.. accounting records were not kept in respect of the charity as required by sectlon 386 of the 2006 Act., or the financial statements do not accord with those records,, or the financial statements do not comply wlth the acwunling requirements of section 396 of the 2006 Act other than any requirement thal the accounts give a 'true and fair, view which is not a matter considered as part of an independent exarnination., or the flnancial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). We 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. 31&-, L Independent Examiner SAK2020 Ltd Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1PU
Muslim Welfare Association of Port Talbot Statement of Financial Activities (including income and expenditure account) Year ended 31 December 2023 2023 Unrestricted funds Total funds 2022 Total funds Income and endowments Donations and legacies Total income Note 57,031 57,031 46,164 57,031 57,031 46,164 Expenditure Expenditure on charitable activities Total expenditure 56,788 56,788 47,723 56,788 56,788 47,723 Net Incomal(expenditure) and net movement In funds 243 243 (1,559) Reconciliation of funds Total funds brought fOard Total funds carrled forward 197,866 198,109 197,866 198,109 194,724 193,165 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 5 to 7 fonn part of these financial statements.
Mu8llm Welfare Auoclatlon of Port Talbot 8tat•mont of Flnanclal Po8ltlon 31 Docombor 2023 Flx•d a••at• Tar¥bl• tlxed a•Mf• Curmnt •M•ts CaBh at bAnk and In hand 152,T26 154.831 4e,021 44,293 Cr•dltorn: amounts lalllng du• wlthln on• y•ar N•t ourmnt a•••t• T¢)tal ••Mts IM• curr•nt IlabTIItIBA 1,068 43,235 197,888 197,888 45,384 198,109 108,109 Fund8 of th• ¢hArlty Unr8•trlct•d fundi 198,109 198,109 197,888 197.886 Total charxy fund• 10 Fw1hè year endlng 31 De¢¢rnbor 2023 tho charlty wa8 enlllt•d to &x•mpllon frTr iudll und•r ••alon 477 of thè Companleg Act 2008 r•latlng to uno1 crAwnl81. Truat•88' mpon•lbllttl8•'. Th• m•mbern have not rnqulrod th• ¢ompary ts d)taln an audlE of It• flnonclal 8t&temMts for th• year In qU•btlan In ao¢ordanc• wHh ••etlon 478,. Th• trust4 a¢knowl•dg• thelr rwoniblllll•• for ¢amplylng th• r•qulr•m•nts of thg Act r•ipgol to accourtlng rncord• pJ)d th• pr•parnlon of financlal •tat8menla. Thuo flrwnclal itthrn•nl• hava bo•n pMp•r•d In a¢Mrdarrte wlth th• provl8lon8 applkabla to ¢omponl•• 8ubJ•ct ts the 8mwll ccThpAnh8' rnglm•. Th880 financlol •tat•m•nt• w•r• approvad by th• bo¥d of truIt8 and aulhorlwd lor IMu• on .4 :..lQ.. and ar• hlgmd on ol th• bo•rd by.. MRA NOOR Tru8t8e MRSQSHAH Tru8tae Th• not•• on p•gM O to 7 1DrnI P•rtof th••• flnAn¢thl •tat•rn•nl
Muslim Welfare Association of Port Talbot Notes to the Financial Statements Year ended 31 December 2023 General information The charity is a public benefit entity and a registered charity in England and Wales. The address of the registered offio is Oakwood Lane Community Centre, Oakwood Lane, Port Tslbot, SA13 1DF. 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 Pracbce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accountlng policie9 Basis of preparation The financial slalements 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 enlity. Going concern There are no material uncertainties about the charlty's ability to continue. Depreciatlon Depreciation is calculated so as to write off the cost or valuation of 8n asset, less its residual value, over the useful economic life of that asset as follows: Limited by guarantee Donatlons and legacles Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donatlons Membership fees received Donations 28,400 28,631 28,400 28,631 28,948 17,216 28,948 17,216 46,164 57,031 57,031 46,164 Net incomel{expendlture Net incomel(expendilure) is stated after chargingllcrediting)- 2023 2022 Depreciation of tangible fixed assets 1,906 1,482
Muslim Welfare Association of Port Talbot Notes to the Financial Statements (continued) Year ended 31 December 2023 Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2023 2022 Wages and salaries Social security costs 3D,694 4,149 15,250 34,843 15,250 The average head count of employees during the year was Nil <2022.. Nil). No employee received employee beneflis of more than £60,000 during the year (2022.. Nil). Tangible flxed assets Freehold Fixtures and propety fittings Equipment Total Cost At 1 January 2023 and 31 December 2023 145,100 7,931 3.291 156,322 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 825 1,421 2,248 866 485 1,691 1,906 3,597 1,351 Carrylng amount At 31 December 2023 145,100 5,685 1,940 2,425 152,725 154,631 At 31 December 2022 145,100 7,106 Creditors: amounts falllng due within one year 2023 2022 Accruals and deferred income Social security and other taxes 455 182 875 183 637 1,058
Muslim Welfare Association of Port Talbot Notes to the Financial Statements (continued) Year ended 31 December 2023 10. Analysis of charitsble funds Unrestricted funds At 1 January 20 23 At 31 Decembe r 2023 Income Expenditure General funds 197,866 57,031 (56,7881 198,109 At 1 January 20 22 At 31 December 2022 Income Expenditure General funds 194,724 46,164 (47,723) 193,165
Muslim Welfare Association of Port Talbot Management Information Year ended 31 December 2023 The following pages do not form part of the financial statements.
Muslim Welfare Association of Port Talbot Detailed Statement of Financial Activities Year ended 31 December 2023 2023 2022 Income and endowments Donations and legacles Membership fees received Donations 28,400 28,631 57,031 28,948 17,216 46,164 Total Income 57,031 46,164 Expenditure Expenditure on charltable activities Wages & salaries Donation paid Rent Rates & water Light & heat Repairs & maintenance Insurance Accountancy fee Sundry Events/Food expenses Legal and professional fees Telephone Cleaning & refuse Depreciation on tanglble assets 30,6g4 4,149 15,250 3,850 1,203 8,688 4,289 1,328 523 3,482 612 8,189 1,513 1,394 475 1,489 4,720 8,150 745 903 1,905 56,788 852 1,482 47,723 Total expenditure 56,788 47,723 Net incomel(expendlture) 243 (1,559)
Muslim Welfare Association of Port Talbot Notes to the Detailed Ststement of Financial Activities Year ended 31 December 2023 2023 2022 Expenditure on charitable activities Activlty type 1 Activlties undertaken directly Wages & salaries Donation paid Rent Rates & water Light & heat Repairs & maintenance Insurance Accountancy fe8 Sundry EventslFood expenses Legal and professional fees Telephone Cleaning & refuse Depreciation on tangible assets 30,694 4,149 15,250 3,850 1,203 6,668 4,289 1,328 523 3,482 612 8,189 1,513 1,394 475 1,489 4,720 8,150 646 852 1,482 47,723 745 903 1,905 56,788 Expenditure on charitable activities 56,788 47,723 10