## **PAKISTAN ASSOCIATION - LIVERPOOL FINANCIAL STATEMENTS**
**31 March 2022**
**CHARITY NUMBER 1092489**
## **PAKISTAN ASSOCIATION - LIVERPOOL**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2022**
|**CONTENTS**|**PAGE**|
|---|---|
|Trustees Annual Report|1|
|Independent examiner's report to the trustees|4|
|Statement of financial activities|5|
|Income and expenditure account|6|
|Balance sheet|7|
|Notes to the financial statements|8|
## **TRUSTEES ANNUAL REPORT**
## **YEAR ENDED 31 MARCH 2022**
The trustees have pleasures in presenting their report and the unaudited financial statements of the charity for the year ended 31 March 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name Charity registration number Principal office 68A, Mulgrave Street Liverpool Merseyside L8 2TF
Pakistan Association - Liverpool
## **THE TRUSTEES**
The trustees who served the company during the period were as follows:
Mr Sarfaraz Ali Mr Ahmed Munir Mr Mohammed Yusaf Chaudhry Mr Alam Nawaz Mrs Shaheen Qureshy Mr Tahir Saeed
1
## **PAKISTAN ASSOCIATION - LIVERPOOL**
## **TRUSTEES ANNUAL REPORT (Continued)**
## **YEAR ENDED 31 MARCH 2022**
The trustee's present their report, along with financial statements of the charity for the year ended 31st march 2022. The association is set up to promote the benefit of the inhabitants in and around Merseyside and in particular of the Pakistani community to advance education, advance religion, to preserve good health and to provide facilities in the interests of social welfare for reception and their leisure time occupation with the object of improving the conditions of life for the said inhabitants.
During the year various functions and seminars were held at the charity’s hall, situated at Mulgrave Street, Toxteth, Liverpool, to fulfil the aims and objective of the charity. The charity was grant aided by Liverpool City Council and other organisations as shown in the financial statements for the year under review. The trustees indeed thankful to the various organisations mentioned above who contributed towards the running expenses of the charity. The grants received during the year are shown as restricted funds these accounts
The trustees are grateful for the volunteers who helped throughout the year to arrange the various activities held in the hall and outside.
We have referred to the guidance contained in the charity commissioner’s general guidance on public benefit when receiving our aims and objectives and planning our future activities as attached.
…………………………………………..
Mr Sarfaraz Ali (President)
……………………………………………. Mr Ahmed Munir (Treasurer)
04 January 2023
2
## **PAKISTAN ASSOCIATION - LIVERPOOL**
## **TRUSTEES ANNUAL REPORT (Continued)**
## **YEAR ENDED 31 MARCH 2022**
## **RESPONSIBILITIES OF THE TRUSTIES**
The charity’s trustees are responsible for preparing the trustees annual report and the financial statement in accordance with applicable law and United Kingdom Accounting standard (United Kingdom Generally Accepted Accounting practice).
The law applicable to charities in England and wales requires the trustees to prepare financial statements for each financial year which gives true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and ten apply them consistently,
- Observe the methods and principles in the Charities SORP,
- Make judgement and estimates that are the reasonable and prudent,
- State whether applicable accounting policies standards have been followed, subject to any material departures disclosed and explained in the financial statements,
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and Charity (Accounts and Reports) Regulations 2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Reserve policy**
A formal policy on reserve was agreed at the monthly meeting of the executive committee on the 9[th ] September 2012.
The trustees have set a reserve policy which requires to be maintained which ensures that the Pakistan Association Liverpool core activities could continue during a period of unforeseen difficulty for at least three months. A proportion of reserves are maintained in a readily reliable form.
The calculation of the required level of reserve is an integral part of the Pakistan Association’s Liverpool planning, budget and financial cycle.
……………………………………………… Mr Sarfaraz Ali President 04 January 2023
3
## **PAKISTAN ASSOCIATION - LIVERPOOL**
## **INDEPENDEDNT EXAMINER’S REPORT TO THE TRUSTEES OF PAKISTAN ASSOCIATION- LIVERPOOL**
## **YEAR ENDED 31 MARCH 2022**
I report on the accounts of the charity for the year ended 31 March 2022 set out on page 6 to 11.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDEDNT EXAMINER**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charity Act 1993 (The 1993 Act), as amended by section 28 of the Charities Act 2006) and that an independent examination is needed.
It is my responsibility to :
-
Examine the accounts ( under section 43(3)(a) of the 1993 Act, as amended),
- To follow the procedures laid down in the General Directions given by the Charity Commission ( under section 43(7)(b) of the 1993 Act, as amended), and
- To state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER’S STATEMENT**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with that records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on whether the accounts present a “true and fair view”.
## **INSDEPENDENT EXMINER’S REPORT**
In connection with any examination, no matter has come to my attention:
1) Which gives reasonable cause to believe that in any material respect trustees have not met the requirements to ensure that:
- proper accounting records are kept(in according with section 41 of the Act), and - Accounts are prepared which agree with the accounting records and comply with the accounting requirement of the ACT, or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr S Ullah Khan Accountancy Services Ltd 76/78, smithdown road Liverpool L7 4JQ Independent examiner 04 January 2023
4
## **PAKISTAN ASSOCIATION - LIVERPOOL**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **YEAR ENDED 31 MARCH 2022**
|Note
**INCOMING RESOURCES**
2
Grants & subscription Refund
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENSES**
Cost of Furtherance of Charity
Objectives & management of Charity
3
Depreciation
6
**TOTAL RESOURCES EXPENSED**
**MOVEMENTS**
**TOTAL FUNDS B/FORWARD**
**TOTAL FUNDS C/FORWARD**|**Unrestricted**
**Funds**
46,073
(17,900)
28,173
31,283
2,802
34,085
(5,912)
66,796
60,884|**Restricted**
**Total Fund**
**Funds**
**2022**
10,000
56,073
(10,000)
(27,900)
-
28,173
31,283
2,802
-
34,085
-
(5,912)
19,186
85,982
19,186
80,070|**Total Fund**
**2021**
66,213
-
66,213
29,948
29,948
36,265
49,717
85,982|
|---|---|---|---|
Statement of financial activities includes all gains and losses in the year and therefore statement of total recognised gains and losses has not been prepared.
All of the above amounts relates to continuing activates
5
## **PAKISTAN ASSOCIATION - LIVERPOOL**
## **INCOME AND EXPENDITURE ACCOUNT**
## **YEAR ENDED 31 MARCH 2022**
|Note
**INCOME**
2
**Grants & subscription Refund**
**TOTAL EXPENDITURE**
3-6
**OPERATING (DEFICIT) /SURPLUS**
**(DEFICIT)/ SURPLUS FOR THE YEAR**||**2022**
£
56,073
27,900
34,085
(5,912)
(5,912)||**2021**
£
66,213
-
29,948
36,265
36,265|
|---|---|---|---|---|
The "INCOME AND EXPENDITURE ACCOUNT" includes all gains and losses in the year and therefore statement of total recognised gains and losses has not been prepared.
All of the above amounts relates to continuing activates
6
## **PAKISTAN ASSOCIATION - LIVERPOOL**
## **BALANCE SHEET**
## **YEAR ENDED 31 MARCH 2022**
|**Notes**
**Fixed assets**
Tangible assets
6
**Current assets**
Prepayments
Cash at bank - Account 1
Cash at bank - Account 2
**Creditors: amounts falling due within**
**one year**
7
**Net current assets**
**Total Net assets**
**Funds**
**Funds B/Forward**
**Emergency Fund Reserves**
**Operating (Deficit)/Surplus**|**2022**
£
25,890
22,344
32,652
54,996
-
54,996
80,886
76,798
10,000
(5,912)
80,886|**2021**
£
26,173
41,525
10,000
51,525
900
50,625
76,798
30,533
10,000
36,265
76,798|
|---|---|---|
…………………………………………………. Mr Sarfaraz Ali ( President)
Approved by the board on 04/01/2023
7
**PAKISTAN ASSOCIATION - LIVERPOOL**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2022**
## 1 **ACCOUNTING POLICIES**
## _**Basis of preparation**_
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2005), applicable accounting standards and the Companies Act 2006.
## _**Tangible Fixed Assets**_
All fixed assets are initially recorded at cost Depreciation on reducing balance
## _**Incoming Resources**_
Donations and Grants
Income from donation and grants, including capital grants, is included in incoming resources when these are receivable.
When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions for use have been met.
## _**Resources Expended**_
Resources expended are included in the Statement of Financial Activities on an accrual basis, inclusive of VAT which cannot be recovered.
Certain expenditure is directly attributable to specific activities and has been included
in those cost categories on the basis of an estimate of the proportion of the time spent on those activities.
## **Taxation**
No liablility to UK corporation tax arise on ordinary activities for the year ending 31 March 2022
|2 **VOLUNTART INCOME**
**Grants Receivable**
Liverpool City Council
Lottery Fund
LVP
City Council Covid-19 Grants
Hall Hire
Womens TT
Tuition Class Fees
Other Income
Membership Fees|**Unrestricted**
**Funds**
8,000
-
-
-
35,055
-
2,000
858
160
46,073|**Restricted**
**Funds**
-
10,000
-
-
-
-
-
-
10,000|**Total Fund**
**2022**
8,000
10,000
-
-
35,055
-
2,000
858
160
56,073|**Total Fund**
**2021**
38,596
10,000
960
10,000
6,157
500
-
-
-
66,213|
|---|---|---|---|---|
8
## **PAKISTAN ASSOCIATION - LIVERPOOL**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2022**
## **3 Cost of Furtherance of Charity Objectives & management**
|Staff Wages & Teachers salaries
Functions
Yoga classes
Ground Rent
Software
Rates & water
Insurance
Heat & Light
Repairs & maintenance
Telephone
TV licence
Refreshments
Legal and professional fees
Accountancy fees
Cleaning and laundry
Commission
General Expenses
Depreciation
Printing & Stationery|**Unrestricted**
**Funds**
£
15,642
-
360
800
500
1,752
1,145
5,149
434
173
289
-
-
1,000
668
1,000
2,051
2,802
320
34,085|**Restricted**
**Funds**
£
-|**Total Fund**
**2022**
£
15,642
-
360
800
500
1,752
1,145
5,149
434
173
289
-
-
1,000
668
1,000
2,051
2,802
320
34,085|**Total Fund**|
|---|---|---|---|---|
|||||**2021**
£
3,631
516
-
-
5,288
1,136
1,098
1,633
330
458
304
250
979
500
220
-
-
2,845
760
19,948|
## 4 **EXCEPTIONAL COSTS OF CHARITABLE ACTIVITIES**
During the period no exceptional cost incurred.
9
## **PAKISTAN ASSOCIATION - LIVERPOOL**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2022**
|**5 STAFF COSTS AND EMOLUMENTS**
**Total Staff costs were as follows:**
Wages & salaries
**Particulars of employees:**|**2022**
**2021**
£
£
15,642
3,631
15,642
3,631|
|---|---|
The number of employee during the year calculated on the basis of part-time equivalents was as follows:
|**6 TANGIBLE FIXED ASSETS**
**Cost**
At 1 April 2021
Additions
At 31 MARCH 2022
**Depreciation**
At 1 April 2021
Charge for the year
At 31 MARCH 2022
**Net Book Value**
At 31 MARCH 2022
At 31 MARCH 2021|**2022**
4
**Library**
**Computer**
**Books**
**Equipment**
**Equipment**
£
£
£
1,148
75,453
4,374
-
2,519
-
1,148
77,972
4,374
-
51,025
3,777
-
2,695
107
-
53,720
3,884
1,148
24,252
490
1,148
24,428
597|**2021**
4
**Total**
£
80,975
2,519
83,494
54,802
2,802
57,604
25,890
26,173|
|---|---|---|
10
## **PAKISTAN ASSOCIATION - LIVERPOOL**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2022**
|**7** Creditors: Amount falling
due within one year
PAYE
Loan Account
Accruals
8 Restricted income Fund
9 Unrestricted income fund|**2022**
**£**
-
-
Balance as at
Incoming
01-Apr-21
Resources
£
£
19,186
-
Balance as at
Incoming
01-Apr-21
Resources
£
£
66,796
28,173|**2021**
**£**
900
900
Balance at
31-Mar-22
£
19,186
Balance at
31-Mar-22
£
60,884|
|---|---|---|
11