CHARITY REGISTRATION NUMBER.. 1087430 Muslim Welfare Association of Port Talbot Unaudited Financial Statements 31 December 2024 SAK2020 LTD. Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1PU
Muslim Welfare Association of Port Talbot Financial Statements Year ended 31 December 2024 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
Muslim Wolfaro Association of Port Talbot Trustees. Annual Report Year ended 31 December 2024 The tTUSte8s present their report and the unaudited ffnanclal 6ktemenls of the charty for the year ended 31 December 2024. R•lOr•n and administrativè details Registored eharlty name Muslim Welfare Association of Port Talbot Charity registratlon number 1087430 Company r•glstration number Prlnclpal offlee and r•qist•r•d Oakwood Lane Community Centre office OakwoDd Lane Port T8lbot SA13 IDF The trustees MRSQSHAH MrA NOOR Independent oxamlner SAK2020 Ltd. Chartered Certified Accountants Broadway Hou6e Broadway Cardiff CF24 1 PU Small ¢ompany provlslons Thi8 report has been prepared in accordance with the provi8lons applkable lo companle8 entitled lo the small compani8S exemption. The trustses, annual report was approved on of trustees by: 3.1 lo¥j20 and signed on behalf of the board MRSQSHAH Trustee MrA NOOR TNstse
Muslim Welfare Association of Port Talbot Independent Examiner's Report to the Trustees of Muslim Welfare Association of Port Talbot Year ended 31 December 2024 We report to the trustees on our examinalion of the financial statements of Muslim Welfare Association of Port Talbot ('the charity.) for the year ended 31 December 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'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 {'Ihe 2011 Act,). In carrying out our examination we have followed the Directions given by the Charity Commission under section 145(5)Ib) of the 2011 Act. Independent examlner's statement We have completed our examination. We confirm that no matters have come to our attention in nnection with the examination giving us cause to believe.. accounting records were not kepl in respect of the charity as required by seGtion 386 of the 2006 Act,. or the financial ststements do not accord with those records., or the financial statements do not comply with Ihe accounting requirements of section 396 of the 2006 Act 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., or the financial statements have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 102). We have no concerns and have come across no other matters in connèction with Ihe examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Independent Examiner SAK2020 Ltd. Chartered Certified Accounlants 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 2024 2024 Unrestricted funds Total funds Total funds 2023 Note Income and endowrnents Donations and legacies Total income 68,237 68,237 57,031 68,237 68,237 57,031 Expenditure Expenditure on charitable activities Total expenditure 64,656 64,656 56,788 64,656 e4,656 56,788 Net income and net rnovement in funds 3,581 3,581 243 Reconciliation of funds Total funds brought forward Total funds carrled forward 198,109 201,690 198,109 201,690 197,866 198,109 The statement of financi81 activities includes all gains and losses recognised in the y&ar. All i ncome and expenditure derive from contin uing activities. The notes on pages 5 to 7 form part of these financial ststemonts.
Muslim Welfar• Assooiation of Port Talbot Statement of Flnancial Position 31 December 2024 2024 2023 Fixed assets Tangible red assets 151.200 152,725 Current assets Cash at bank and in hand 51,000 46,021 Creditors: amounts falling due wlthln ono y•ar Net ourr•nt ass•ts 510 637 50,490 201.690 201,690 45,384 1g8,109 198.109 Total ass•ts le$5 curr•nt Ilabllttles Net assets Funds of the ¢harity Unre5tiicted funds 201,690 198,109 198,109 Tolal ¢harlty lunds 10 201,690 For the year ending 31 December 2024 the charity wa8 entllled to exemption from audit under 8ection 477 of the Companies Act 20(k3 relating to small companie8. Tru$te88' resrA)n8ibililie8.' The members have not requlred the company to obtain an audit of its financial ststements for the year in question in accordance with section 476., The trustees acknowlèdgé thelr respon$lbllities for complying wilh the iequiremonts of the Act wlth respect to accounting records and the preparation of financial statemgnts. These financlal slatements have been prepared In accordance with the provisions 8pplicabl8 to companies subject to the small companles, reglmg. These financial stat@ments were approved by the board of trustees and atrthori8ed for issue on ..%.l.l..0.f..1.2ath-, and 8re signed on behalf of the board by.. MRSQSHAH Trustee MrA NOOR Tru8tee The nol•$ on pages S to 7 fomi part of these fininelal stat•monts.
Muslim Welfare Association of Port Talbot Notes to the Financial Statements Year ended 31 December 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a regislered charity in England and Wales. The address of the registered Offi is Oakwood Lane Community Centre, Oakwood Lane, Port Talbot. SA13 1DF. Statement of compliance These financial statements have been prepared in Complian with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (Charities SORP (FRS 1021) and the Companies Act 2006. Accounting pollcles 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 f8ir value through income or expenditure. The financial siatements 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. Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Limited by guarantee Donations and legacles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Membership fees received Donations 31,946 36,291 31,946 36,291 28,400 28,631 28,400 28.831 68,237 68,237 57,031 57,031 Net income Nel income is slated after chargingl(creditingl- 2024 2023 Depreciation of tangible fixed assets 1,525 1,906
Muslim Welfare Association of Port Talbot Notes to the Financial Statements (continued) Year ended 31 December 2024 Staff cost5 The total staff costs and employee benefits for the reporting period are analysed as fcllows= 2024 2023 Wages and salaries Social security costs 32,410 3,568 30,694 4,149 35,978 34,843 The average head count of employees during Ihe year was Nil (2023.. Nil). No employee received employee benefits of more than £60,000 during the year (2023: Nil). Tangible fixed assets Freehold Fixtures and property fittings Equipment Total Cost At 1 January 2024 and 31 December 2024 145,100 7,931 3,291 156,322 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 2,246 1,137 1,351 388 3,597 1,525 3,383 1,739 5,122 Carrying amount At 31 December 2024 145,100 145,100 4,548 5,685 1,552 151,200 At 31 December 2023 1,940 152,725 Creditors: amounts falling due withln one year 2024 2023 Accruals and deferred income Social security and other taxes 510 455 182 510 637
Muslim Welfare Association of Port Talbot Notes to the Financial Statements {continued) Year ended 31 December 2024 10. Analysis of charitable funds Unrestricted funds At 1 January 20 24 At 31 Decembe r 2024 Income Expenditure General funds 198,109 68,237 (64,6561 201,690 At 1 January 20 23 At 31 Dember 2023 Income Expenditure General funds 197,866 57,031 (56,788) 198,109
Muslim Welfare Association of Port Talbot Management Information Year ended 31 December 2024 The following pag&s do not form part of the financial statements.
Muslim Welfare Association of Port Talbot Detailed Statement of Financial Activities Year ended 31 December 2024 2024 2023 Income and endowments Donations and legacies Membership fees received Donations 31,946 36,291 28,400 28,631 88,237 57,031 Total income 68,237 57,031 Expenditure Expenditure on charitable activities Wages & salaries Donation paid Rates & water Light & heat Repairs & maintenance Insurance Accountancy fee Office expenses Sundry EvenlslFood expenses Telephone Cleaning & refuse Depreciation on tangible assets Cash stolen 32,410 3,568 1,896 6,884 4,790 1,499 475 462 1,050 5,746 1,273 927 1,525 2,151 30,694 4,149 612 8,189 1,513 1,394 475 1,489 4,720 745 903 1,905 64,656 56,788 Total expenditure 64,656 56,788 Net income 3,581 243
Muslim Welfare Association of Port Talbot Notes to the Detailed Statement of Financial Activities Year ended 31 December 2024 2024 2023 Expenditure on charitable activities Activlty type 1 Activlties undertaken directly Wages & salaries Donation paid Rates & water Light & heat Repairs & maintenance Insurance Accountancy fee Off ice expenses Sundry EventslFood expenses Telephone Cleaning & refuse Depreciation on tangible assets Cash stolen 32,410 3,568 1,896 6,884 4,790 1,499 475 462 1,050 5,746 1,273 927 1,525 2,151 30,694 4,149 612 8,189 1,513 1,394 475 1,489 4,720 745 903 1,905 64,656 56,788 Expenditure on charitable activitie8 64,656 56,788 10