## **WAFA RELIEF**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023**
_A Company limited by guarantee - Registration No. 4770051 (England) REGISTERED CHARITY NO. 1101992_
**WAFA RELIEF**
## **INDEX**
|Page||
|---|---|
|1 - 2|Directors Report|
|3|Independent Examiner's Report|
|4|Statutory Income and Expenditure Account|
|5|Balance Sheet|
|6 - 9|Notes to the Accounts|
**DIRECTORS' REPORT**
1
The directors (management committee members) present their Report and the Financial Statements for the Year Ended 31May 2023.
## **Status**
The charity is a company limited by guarantee and is registered with the Charity Commission.
Company Registration No. 4770051 Charity Registration No. 1101992
## **Directors**
The directors/trustees who held office during the year were as follows:
Dr Mohamed Rumash Trustee Ibrahem Tarbah Trustee Suhail Tahar Trustee
## **Bankers**
Barclays Bank Plc, Chorlton,Manchester, M21 9AL
## **Accountants**
Zaheer & Co , Registered Auditors , 63 Kingsway , Burnage, Manchester,M19 2LL
## **objects**
The main objects of the charity are :
- The advancement of education.
- The relief of poverty.
- Overseas aid and famine relief.
## **Principal Activities**
The principal activity of the Company is to provide financial aid and food worldwide. During the year charity provided food and financial help to relive the suffering of hungry and destitute in Africa. Money was also provided for the well project in Africa.
## **Organisational Structure**
The company is an independent charity. The directors (management committee members) are responsible for the overall management and control of the charity.
## **Risks**
The directors have taken steps to establish the risks to which the charity is exposed and have put systems in place to mitigate those risks.
2
DIRECTORS' REPORT (cont…)
## **Review of the Results**
The directors consider that the results set out on pages 5 to 9 are satisfactory. They are of the opinion that the balance on the funds is sufficient to meet any future commitments under the terms of the funding .
## **Fixed Assets**
The movement in fixed assets is set out in Note 10 to the Accounts.
## **Directors Responsibilities**
Company law requires the Directors to prepare accounts for each financial year (or other accounting period) which give a true and fair view of the state of affairs of the Company and of its surplus or deficit for that year. In preparing those financial statements, the Directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonably prudent;
- prepare accounts on a going concern basis unless it is inappropriate to presume that the company will continue in business.
The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In preparing the above report, the Directors have taken advantage of special exemptions applicable to small companies.
Signed on Behalf of the Board:
---------------------------------------
Director
Ibrahem Tarbah
---------------------- 2024
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES 3**
We report on the accounts of the Wafa Relief , registered charity number 1101992 and company registration 4770051 for the accounts year ended 31 May 2023 set out on pages 4 to 9.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The charity's trustees are responsible for the preparation for the accounts. The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is our 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 Act); and in accordance FRS 102 SORP
- to state whether particular matters have come to our attention.
## **BASIS OF INDEPENDENT EXAMINER'S REPORT:**
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes 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 we do not express an audit opinion on the view given by the accounts.
## **INDEPENDENT EXAMINER’S STATEMENT:**
In connection with our examination, no matter has come to our attention;
- (1) which gives us reasonable cause to believe that in any material respect the requirements
- **.** to keep accounting records in accordance with section 41 of the Act; and
**.** to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
- (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
_______________________________ **Mr. Farroukh Zaheer (FCCA) Zaheer & Company Chartered Certified Accountants 63 Kingsway Burnage Manchester M19 2LL Date:**
4
## **INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 May 2023**
|**Notes**
Income and Endowments
(2)
Expenditure
Net income (expenditure) for the period
(3)
Net income (expenditure) before tax
Tax payable
(4)
Net income (expenditure) after tax
Total funds brought forward
Total funds Carried Forward
(14)|**2023**
**2022**
**£**
**£**
420,836
310,296
(596,349)
(302,542)
(175,513)
7,754
(175,513)
7,754
-
-
(175,513)
7,754
387,726
379,972
212,213
387,726|
|---|---|
## RECONCILIATION OF STATUTORY INCOME AND EXPENDITURE ACCOUNT TO SOFA
|Net Income (Expenditure) for the year After Taxation
Total Net Income for the year per SOFA - Page 6
Total Net Income as above
Retained Income Carried Forward
Total funds C/fwd per SOFA - Page 6
Retained Funds Carried Forward as above|(175,513)
7,754
(175,513)
7,754
212,213
387,726
212,213
387,726|
|---|---|
The notes on pages 7 to 9 form part of these accounts.
5
## BALANCE SHEET AS AT 31 MAY 2023
|Notes
FIXED ASSETS
Tangible Fixed Assets
(10)
CURRENT ASSETS
(11)
LIABILITIES:
Amounts falling due
within one year
(12)
NET CURRENT ASSETS
NET ASSETS
ACCUMULATED FUNDS
Unrestricted
(14)
Restricted|2,589
2,661
211,981
387,240
211,981
387,240
2,357
2,175
209,624
385,065
212,213
387,726
212,213
387,726
-
-
212,213
387,726
2023
2022
£
£|
|---|---|
The directors are satisfied that the company is entitled to exemption under section 477 of the companies Act 2006 and that no member have requested an audit pursuant to Section 467 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of the accounts.
The accounts have been prepared in accordance with the provisions applicable to small Companies subject to the small companies regime and in accordance with FRS 102 SORP.
Approved on behalf of the Board
) Trustee Ibrahem Tarbah ) Trustee Dr Mohamed Rumash
Date:
2024
The notes on pages 7 to 9 form part of these accounts.
6
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MAY 2023
|Notes
INCOME AND EXPENDITURE
INCOME AND ENDOWMENTS
(2)
Donations and Legacies
General donations
(15)
Qurbani Funds
Ramadan Appeal
Winter appeal
Livelihood and Education project
Development project
Safe water
Gift aid
TOTAL INCOME AND ENDOWMENTS
EXPENDITURE ON
Expendiure on Charitable activities
(5)
Expenditure on raising funds
(6)
TOTAL EXPENDITURE
(8)
NET INCOME (EXPENDITURE)
NET INCOME BEFORE TRANSFERS
Transfer Between Funds
NET INCOME (EXPENDITURE)
NET INCOME FOR THE YEAR
Total Funds Brought Forward
TOTAL FUNDS CARRIED F/WD
(14)|Year
Year
Ended
Ended
31.5.23
31.5.22
Unrestricted Restricted Endowment
Total
Total
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
120,894
-
-
120,894
66,319
21,517
-
-
21,517
11,381
89,438
-
-
89,438
136,396
14,592
-
-
14,592
7,605
35,341
35,341
19,091
3,222
3,222
-
55,502
-
-
55,502
53,685
80,330
-
-
80,330
15,819
420,836
-
-
420,836
310,296
586,841
-
586,841
287,054
9,508
-
-
9,508
15,488
596,349
-
-
596,349
302,542
(175,513)
-
-
(175,513)
7,754
-
-
-
-
(175,513)
-
-
(175,513)
7,754
387,726
-
-
387,726
379,972
212,213
-
-
212,213
387,726|
|---|---|
The notes on pages 7 to 9 form part of these accounts.
7
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2023
## 1 ACCOUNTING POLICIES
The accounts have been prepared under the historical cost convention and
in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) the Accounting and Reporting by charities. The Statement of Recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting standard for smaller entities published on 16 July 2014 (SORP 2015) and the charities Act 2011 and companies Act 2006.
## Income
All income is reflected in the accounts when received.
## Expenditure
All expenditure has been reflected in the Statement of Financial Activities on an accruals basis. Expenditure includes any VAT which can not be fully recovered and is reported as part of the Expenditure to which it relates.
## Valuation, Capitalisation and Depreciation of Fixed Assets
Fixed assets are included in the accounts at net book value.
Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets over their estimated useful lives as follows:-
Fixture and fittings 15 % on cost Computer equipment 25 % on cost
## Taxation
The organisation is exempt from income tax by reason of its charitable status. Income tax suffered on investment income is reclaimed in full.
## Reserves
The organisation aim to maintain sufficient reserves to cover three months running costs.
2 INCOME AND ENDOWMENTS This represents donation receiveable for the provision of services to members. The company is a non-profit making.
|3|NET INCOME (EXPENDITURE)|||
|---|---|---|---|
|||2023|2022|
||Net income (expenditure) is stated after charging:|£|£|
||Depreciation- owned assets|532|570|
|4|TAX ON NET INCOME|-|-|
8
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2023 (cont…)
## 5 **Expenditure on charitable activities**
|Feed The Poor
Orphans
Water project
Qurbani Funds
Winter appeal
Uk donations
Livelihood and Education project
Housing project
Support costs
7|Unrestricted
Restricted Endowment
Total
Total
Funds
Funds
Funds
2023
2022
£
£
£
£
£
97,573
-
-
97,573
41,911
32,264
-
-
32,264
67,592
94,240
-
-
94,240
78,785
-
-
-
-
14,000
-
-
-
-
4,962
139,246
-
-
139,246
9,228
138,754
-
-
138,754
18,501
9,590
-
-
9,590
-
75,174
-
-
75,174
52,075
586,841
-
-
586,841
287,054|
|---|---|
## 6 **Expenditure on raising funds**
|Travel expenses
Fund raising cost
Admin expenses
Printing and postage
Advertising and sponsorship
7
**Analysis of support costs**
Website & Computer maint.
Staff Salaries
Pension
Eid party
Rent & electicity
Telephone and internet
Printing and Postage
Bank Charges
Accountancy
Registration fees
Food and subsist
Consultancy fees
Depreciation|Unrestricted Restricted
Endowment
Total
Total
Funds
Funds
Funds
2023
2022
£
£
£
£
1504
-
-
1,504
2,416
1155
-
-
1,155
-
-
-
-
-
618
3249
-
-
3,249
4,299
3600
-
-
3,600
8,155
9,508
-
-
9,508
15,488
Unrestricted
Restricted Endowment
Total
Total
Funds
Funds
Funds
2023
2022
£
£
£
£
£
1,008
-
-
1,008
862
53,128
-
-
53,128
37,274
1,156
-
-
1,156
350
5,479
-
-
5,479
-
6,363
-
-
6,363
7,303
1,265
-
-
1,265
765
584
-
-
584
1,226
1,153
-
-
1,153
1,355
2,493
-
-
2,493
2,240
50
-
-
50
130
336
-
-
336
-
1,627
-
-
1,627
-
532
-
-
532
570
75,174
-
-
75,174
52,075|
|---|---|
9 DIRECTORS' (MANAGEMENT COMMITTEE) REMUNERATION AND EXPENSES No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the period.
9
## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2023 (cont…)
## 10 TANGIBLE FIXED ASSETS
|10|TANGIBLE FIXED ASSETS||||
|---|---|---|---|---|
|||Computer|Fixture and|Total|
|||equipment|fittings||
||COST||£|£|
||At 1 June 2022|4578|9,547|14,125|
||Addition||460|460|
||At 31 May 2023|4,578|10,007|14,585|
||DEPRECIATION||||
||At 1 June 2022|3,942|7,522|11,464|
||Charge for Year|159|373|532|
||At 31 May 2023|4,101|7,895|11,996|
||NET BOOK VALUE||||
||At 31 May 2023|477|2,112|2,589|
||At 31 May 2022|636|2,025|2,661|
|11|CURRENT ASSETS:||||
||Loan to other charities||2023
£
4,000|2022
£
4,000|
||Other debtors & prepayments||-|290|
||Cash at Micro Scientific||80,000|-|
||Cash at bank and in hand-unrestricted||127,981|382,950
.|
||||211,981|387,240|
|12|LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||Paye due||2023
£
254|2022
£
112|
||Other creditors||153|-|
||Accruals and creditors||1,950|2,063|
||||2,357|2,175|
## 13 COMPANY STATUS
The company is limited by guarantee and has no share capital. All members have agreed to contribute a sum not exceeding £ 10 ( £1 for unwaged individuals) in event of winding up.
## 14 RESERVES
|Balance brought forward
Add: surplus (deficit) for the year
Balance carried forward
GENERAL DONATIONS
Syria appeal
Orphans
Sadaqah
Aqiqah
Fitrana
Eid gift|2023
2022
£
£
387,726
379,972
(175,513)
7,754
212,213
387,726
2023
£
4,139
33,457
74,319
1,414
7,025
540
120,894|
|---|---|
- 15 GENERAL DONATIONS