Charity Registration No. 1093583 Company Registration No. 4453684 (England and Wales)
PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021
PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | M Sadiq (Jnr) - Treasurer |
|---|---|
| A Aziz – Assistant Treasurer | |
| M Sadiq (Snr) | |
| M Wharton | |
| S Yasmin | |
| M Iqbal | |
| F Rashid | |
| A Afzal | |
| Secretary | M Wharton |
| Charity number | 1093583 |
| Company number | 4453684 |
| Independent Examiner | A Ahmad FCA |
| Registered Office | Manor Way |
| Batley | |
| West Yorkshire | |
| WF17 7BX | |
| Bankers | Santander UK plc |
| 88AM Bridle Road | |
| Bootle | |
| Merseyside | |
| GIR 0AA |
PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED
CONTENTS
| Page | |
|---|---|
| Trustees’ report | 1-2 |
| Statement of Trustees' responsibilities | 3 |
| Independent examiner’s report | 4-5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8-11 |
PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED
TRUSTEES'REPORT
FOR THE YEAR ENDED 31 MARCH 2021
The Trustees present their report and accounts for the year ended 31 March 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the PKWA's Memorandum and Articles of Association, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities" (SORP).
Structure governance and management
The PKWA is a company limited by guarantee and is governed by a memorandum and articles of association.
The Trustees, who are also the directors for the purpose of company law, and who served during the year were:
M Sadiq (Jnr) - Treasurer A Aziz – Assistant Treasurer M Sadiq (Snr) M Wharton S Yasmin M Iqbal F Rashid A Afzal
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The Trustees have assessed the major risks to which the PKWA is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Objectives and activities
The PKWA's objects are to promote the benefit of the community in Batley, in particular but without prejudice to the generality of the foregoing, the Pakistani and Kashmir people with the local authorities and other organisations in a common effort to relieve poverty and sickness, to advance education and to provide facilities for recreation and leisure-time occupation with the object of improving the conditions of life of the said community and there has been no change In these during the year.
Achievements and performance
The trustees are satisfied with the financial results of the charity for the year.
Financial review
It is the policy of the PKWA that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the PKWA's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
1
PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
Independent Examiner
A resolution proposing that Arif Ahmad FCA be reappointed as Independent Examiner of the company will be put to the members.
On behalf of the board of Trustees
M Sadiq Trustee Dated: 31 March 2022
2
PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees, who are also the directors of Pakistan and Kashmir Welfare Association Limited for the purpose of Company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the PKWA and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charities SORP;
-
make judgments and estimates that are reasonable and prudent; and
-
prepare the accounts on the going concern basis unless it is inappropriate to presume that the PKWA will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the PKWA and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the PKWA and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
3
PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED
INDEPENDENT EXAMINER’S' REPORT
TO THE TRUSTEES OF PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED
I report on the accounts of the company for the year ended 31 March 2021, which are set out on pages 6 to 11.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's report
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 those 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 no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
4
PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED
INDEPENDENT EXAMINER’S' REPORT (CONTINUED)
TO THE TRUSTEES OF PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
• to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Arif Ahmad FCA Address: 9A Old Hall Road Batley West Yorkshire WF17 0AX Date: 31 March 2022
5
PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2021
| Notes 2 3 Incoming resources from generated funds Incoming resources from charitable activities Total incoming resources Resources expended Charitable activities Cost of charitable activities Governance costs Total resources expended Net income/(expenditure) for the year/ Net movement in funds Fund balances at 1 April 2020 Fund balances at 31 March 2021 |
Unrestricted funds Restricted funds Total 2021 Total 2020 £ £ £ £ 38,459 - 38,459 36,988 |
|---|---|
| 38,459 - 38,459 36,988 |
|
| 26,818 - 26,818 25,777 |
|
| 13,409 - 13,409 12,888 |
|
| 40,227 - 40,227 38,665 |
|
| (1,768) - (1,768) (1,677) 91,226 39,895 131,121 132,798 |
|
| 89,458 39,895 129,353 131,121 |
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
6
PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED
BALANCE SHEET
AS AT 31 MARCH 2021
| Notes Fixed assets Tangible assets 6 Current assets Cash at bank and in hand Creditors: amounts falling Due within one year 7 Net current assets Total assets less current liabilities Income funds 8 Restricted funds Unrestricted funds |
2021 £ £ 74,066 55,987 55,987 (700) 55,287 129,353 39,895 89,458 129,353 |
2021 £ £ 74,066 55,987 55,987 (700) 55,287 129,353 39,895 89,458 129,353 |
2020 £ £ 74,620 57,201 57,201 (700) 56,501 131,121 39,895 91,226 131,121 |
2020 £ £ 74,620 57,201 57,201 (700) 56,501 131,121 39,895 91,226 131,121 |
|---|---|---|---|---|
| 55,987 (700) |
57,201 (700) |
|||
| 129,353 | 131,121 | |||
| 39,895 89,458 |
39,895 91,226 |
|||
| 129,353 | 131,121 |
The accounts were approved by the Board on 31 March 2022
M Sadiq (Snr) Trustee
Company Registration No. 4453684
7
PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
1.1 Basis of preparation
The accounts have been prepared under the historical cost convention.
The accounts have been prepared In accordance with applicable accounting standards. the Statement of Recommended Practice, "Accounting and Reporting by Charities", Issued in March 2015 and the Companies Act 2006.
1.2 Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Leasehold property Over lease term Fixtures, fittings & equipment 25% reducing balance Motor vehicles 25% reducing balance
2 Incoming resources from charitable activities
| Income Received | Unrestricted funds £ Restricted funds £ Total 2021 £ Total 2020 £ 38,459 38,459 36,628 |
|---|---|
8
PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
3 Total resources expended
| Charitable activities Cost of charitable activities Activities undertaken directly Governance costs |
Staff costs £ Depreciation £ Other costs £ Total 2021 £ Total 2020 £ - 554 26,264 26,818 25,777 13,409 - - 13,409 12,888 |
|---|---|
| 13,409 554 26,264 40,227 38,665 |
4 Trustees
None of the Trustees (or any persons connected with them) received any remuneration during the year.
5 Employees
Number of employees
The average monthly number of employees during the year was
Employment costs Wages and salaries
2021 2020 Number Number - - 2021 2020 £ - -
9
PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
6 Tangible fixed assets
| Cost At 1 April 2020 At 31 March 2021 Depreciation At 1 April 2020 Charge for the year At 31 March 2021 Net book valueAt 31 March 2021 At 31 March 2020 |
Land and buildings £ Fixtures fittings & equipment £ 110,575 11,930 |
Motor Vehicles £ 2,800 |
Total £ 125,305 |
|---|---|---|---|
| 110,575 11,930 |
2,800 | 125,305 | |
| 35,955 11,930 554 - |
2,800 - |
50,685 554 |
|
| 36,509 11,930 |
2,800 | 51,239 | |
| 74,066 - |
- | 74,066 | |
| 74,620 - |
- | 74,620 |
7 Creditors: amounts falling due within one year
| Accruals and deferred income | 2021 £ 2020 £ 700 700 |
|---|---|
| 700 700 |
10
PAKISTAN AND KASHMIR WELFARE ASSOCIATION LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
9 Analysis of net assets between funds
| Fund balances at 31 March 2021 are represented by Tangible fixed assets Current assets Creditors: amounts falling due within one year |
Unrestricted funds £ Restricted funds £ Total £ 74,066 74,066 16,092 39,895 55,987 (700) (700) |
|---|---|
| 89,458 39,895 129,353 |
11