ASGUMMA EDUCATIONAL WELFARE & CULTURAL ACTIVITIES TRUST REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS For the Year Ended 31st March 2024
CHARITY REGISTERED NUMBER: 1104132
ENGLAND AND WALES
CONTENTS OF THE FINANCIAL STATEMENTS
Page Description
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2 Charity Information
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3, 4 Trustee Report
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5 Statement of Trustees' Responsibilities
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6 Independent Examiner's Report
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7 Receipts and Payments Account
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8 Statement of Assets and Liabilities
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9, 10 Notes to the Accounts
KASGUMMA EDUCATIONAL WELFARE & CULTURAL ACTIVITIES TRUST
CHARITY INFORMATION
For the Year Ended 31st March 2024
Trustees:
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Mr. Jamil Ahmed
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Mr. Musarrat Iqbal
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Mr. Mukhtar Ahmed
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Mr. Mehran Karim
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Mr. Ishtiaq Hussain
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Mr. Sajhad Ahmed
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Mr. Saghir Ahmed
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Mr. Khizar Mehmood
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Mr. Shamim Ahmed 10. Mr. Babar Bashir
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Mr. Raja Waqar Khan
Registered Office: 244 Ashton Road, Oldham, OL8 1QN
Charity Number: 1104132
Accountants: Xpert Accountants Ltd Chartered Certified Accountants 671 Manchester Road, Denton, Manchester, M34 2NA
Bankers: National Westminster Bank Plc, Walsall Branch, 35 Park Street, Walsall, WS1 1ER
KASGUMMA EDUCATIONAL WELFARE & CULTURAL ACTIVITIES TRUST
REPORT OF THE TRUSTEES
For the Year Ended 31st March 2024
The trustees present their report for the year ended 31st March 2024.
STRUCTURE, GOVERNANCE, AND MANAGEMENT
The Kasgumma Educational Welfare & Cultural Activities Trust (the "Charity") was formed on 20th January 2003 by the Trustees and registered with the Charity Commission on 4th June 2004. The Trustees have assessed the key risks to which the Charity is exposed, particularly with respect to its operations and finances. The Trustees believe that effective measures are in place, including appropriate insurance, checks, controls, and procedures to manage and mitigate these risks.
The Trustees meet regularly to review the legal and administrative affairs of the Charity, to set policies, and to develop long-term strategies. They are also empowered to appoint and remove Trustees.
OBJECTIVES AND ACTIVITIES
The Charity’s core objectives are focused on improving the well-being of individuals residing in underdeveloped areas of Pakistan, particularly in Azad Kashmir, with a focus on the Kasgumma community. The objectives include:
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(A) Promoting welfare by providing recreational facilities and leisure activities for individuals facing challenges such as youth, age, infirmity, disability, financial hardship, or social and economic difficulties. This contributes to the broader public interest in social welfare and improves quality of life.
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(B) Enhancing education by supplying necessary equipment, facilities, and other items to local schools.
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(C) Operating in a non-partisan and non-sectarian manner, ensuring that funds are used solely to further the Charity’s objectives.
During the year, the Charity primarily focused on distributing funds to its counterpart organization in Azad Kashmir, which allocated funds to initiatives in health, education, and support for impoverished individuals. The Trustees are confident that these activities align with the Charity's objectives and contribute to public welfare.
ACHIEVEMENTS AND PERFORMANCE
The Trustees organized several fundraising events, raising both funds and awareness about the challenges faced by communities in Azad Kashmir. The Charity's website also played a key role in highlighting the scale of deprivation in the region.
FINANCIAL REVIEW
The Charity has prepared its accounts on a cash receipts basis, covering the twelve-month period. The primary source of funding is charitable donations, with £26,729.99 raised during the year. The Charity aims to distribute all funds it receives for the benefit of the recipients. Overheads are met personally by the Trustees, and there is no significant unexpected expenditure anticipated.
KASGUMMA EDUCATIONAL WELFARE & CULTURAL ACTIVITIES TRUST
STATEMENT OF TRUSTEES' RESPONSIBILITIES
For the Year Ended 31st March 2024
The Trustees are responsible for preparing financial statements that provide a true and fair view of the financial position of the Charity and its surplus/deficit for the year. In doing so, the Trustees are required to:
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Select suitable accounting policies and apply them consistently.
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Make reasonable and prudent judgments and estimates.
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Follow applicable accounting standards, with any departures disclosed and explained in the financial statements.
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Prepare financial statements on a going concern basis unless it is inappropriate to do so.
The Trustees are responsible for maintaining proper accounting records to reflect the financial position of the Charity. They are also responsible for safeguarding the Charity’s assets and for taking reasonable steps to prevent and detect fraud.
An independent examination of the accounts is required under Section 145 of the Charities Act 2011.
KASGUMMA EDUCATIONAL WELFARE & CULTURAL ACTIVITIES TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
For the Year Ended 31st March 2024
I report on the accounts of the Charity for the year ended 31 March 2024, which are set out on pages 7 to 10.
Respective Responsibilities of Trustees and Examiner
The Trustees are responsible for preparing the accounts. The Trustees consider that an audit is not required for the period under Section 144 of the Charities Act 2011, and that an independent examination is needed.
Basis of Independent Examiner's Statement
The examination was carried out in accordance with the Charity Commission’s general directions. It includes a review of the accounting records and a comparison of the accounts with these records. The procedures do not provide all the evidence that would be required in an audit, and no opinion is given on whether the accounts present a ‘true and fair’ view.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that the requirements of the Charities Act regarding the keeping of accounting records or preparing accounts have not been met.
KASGUMMA EDUCATIONAL WELFARE & CULTURAL ACTIVITIES TRUST
RECEIPTS AND PAYMENTS ACCOUNT
For the Year Ended 31st March 2024
| Unrestricted Fund | 2024 | 2023 |
|---|---|---|
| Incoming Resources | £ | £ |
| Donations | 26,729.99 | 22,592.00 |
| Total Incoming Resources | 26,729.99 | 22,592.00 |
| Resources Expended | 29,627.03 | 44,780.00 |
| Net of Receipts/ (Payments) | (3,617.04) | (22,188.00) |
| Total Funds Brought Forward | 16,068.11 | 38,256.11 |
| Total Funds Carried Forward | 13,171.07 | 16,068.11 |
KASGUMMA EDUCATIONAL WELFARE & CULTURAL ACTIVITIES TRUST
STATEMENT OF ASSETS AND LIABILITIES
As at 31st March 2024
| Unrestricted Fund | 2024 | 2023 |
|---|---|---|
| Fixed Assets | 0.00 | 0.00 |
| Current Assets | ||
| Cash at Bank/ in Hand | 13,171.07 | 16,068.11 |
| Total Current Assets | 13,171.07 | 16,068.11 |
| Creditors | 0.00 | 0.00 |
| Net Current Assets | 13,171.07 | 16,068.11 |
| Total Net Assets | 13,171.07 | 16,068.11 |
KASGUMMA EDUCATIONAL WELFARE & CULTURAL ACTIVITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31st March 2024
1. Accounting Policies
The accounts have been prepared on a receipts and payments basis in accordance with Charity Commission guidance.
2. Incoming Resources
All income is raised through donations, recognized when received.
3. Resources Expended
Direct Charitable Expenditure: £29,627.03
4. Income
Income is accounted for when received.
5. Expenditure
Expenditure is accounted for when payments are made.
6. Tangible Fixed Assets
No tangible fixed assets were acquired during the year.
7. Stock
No stock was held during the year.
8. Debtors
There were no debtors during the year.
9. Creditors
There were no creditors during the year.
10. Trustees
None of the Trustees received any remuneration during the year.
11. Employees
The charity is run by volunteers, and no employees were engaged during the year.
Approved by the Board of Trustees on: 24th January 2025
Signed on behalf of the Trustees:
Jamil Ahmed - Chairman & Trustee