REGISTERED CHARITY NUMBER: 1106147
The Umeed Welfare Trust (United Kingdom) Annual Report and Unaudited Financial Statements
For the Year Ended 31 December 2024
Paragon Chartered Accountants 155 Normanton Road Derby DE23 6UR
The Umeed Welfare Trust (United Kingdom)
Legal and Administration Information
| Trustees | Mr Mehrban Hussain |
|---|---|
| Mr Tahir Afsar | |
| Mr Irfan Younus | |
| Charity number | 1106147 |
| Registered office | 155 Normanton Road |
| Derby | |
| DE23 6UR | |
| Independent Examiner | Azeem MalikFCCA |
| Rehman Michael & Co | |
| Chartered Accountants | |
| 277 Roundhay Road | |
| Harehills | |
| Leeds | |
| LS8 4HS | |
| Bankers | Barclays |
| 2 High Street | |
| Nottingham | |
| NG1 2EN |
The Umeed Welfare Trust (United Kingdom)
Contents
| Page | ||
|---|---|---|
| Trustees' Report | 1 to | 3 |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Balance Sheet | 6 | |
| Notes to the Financial Statements | 7to | 9 |
The Umeed Welfare Trust (United Kingdom)
Trustees' Report
for the Year Ended 31 December 2024
The trustees are presenting their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by The Charities Act 2011: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity is a registered charity with the founding purpose being to provide important and essential support to the poor as a source of relief for the needy and vulnerable people of Azad Kashmir and Pakistan. The main work carried out by the charity is supporting Bangrilla Community Hospital- a free hospital for the poor and needy set up in 2016. The hospital provides free medical treatment to the poor, widows, orphans and those eligible for zakat.
Significant activities
The charity has one fund; an unrestricted fund. The unrestricted fund is used to manage day-to-day unrestricted costs, and for the purposes of meeting the objectives of The Umeed Welfare Trust (United Kingdom).
Further developments
The charity will continue to focus on providing support for the needy and helping to run Bangrilla Community Hospital.
ACHIEVEMENT AND PERFORMANCE
The charity is satisfied that it has met its objectives and aims and is optimistic that it will continue to do so and continue to grow. In 2022 the charity was able to provide emergency accident care to 689 accidents. Through donations the hospital was able to purchase a third ambulance to ensure the best care is provided in the quickest time.
The Eye Care unit provided 3,598 cataract surgeries free to the poor and will continue to do so in the coming year. The hospital was also able to provide free dental and oral healthcare to 765 zakah applicable individuals through our association with the UK charity Empower and Evolve.
The Women and Gynaecology unit has helped women during pregnancies as well as offering support on general women’s health. Based on demand a new ultrasound machine was recently purchased and a full-time female doctor was also employed to lead this department.
FINANCIAL REVIEW
Donations directly related to the principal activities amounted to £137,478 (2023 - £72,571).
At 31st December 2024, the balance on the only fund, the unrestricted fund, was £41,575 (2023 - £80,168).
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The Umeed Welfare Trust (United Kingdom)
Trustees' Report for the Year Ended 31 December 2024
Recruitment and appointment of new trustees
The trustees may appoint a person who is willing to act as a trustee. There must be at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees or appoint a new charity trustee.
Induction and training of new trustees
New trustees receive an induction early on in their tenure, thus ensuring their full understanding of the organisation, its operations, and its ethos and values. The induction process sets out briefs to new trustees, what is expected of trustees by the charity, the law and the Charity Commission. New trustees also receive regular updates and briefings on the above matters from senior trustees.
Organisational structure
The trustees are responsible for the overall management and control of the charity and meet regularly to manage its affairs.
Reserves policy
Accumulated funds comprise the accumulated surplus or deficit on the statement of financial activities which are available for use at the discretion of the trustees in furtherance of the objectives of the charity. The trustees consider that the level of reserves as at 31st December 2024 of £41,575 is satisfactory.
Related parties
The charity does not hold assets on behalf of another charity. The related parties are the trustees.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The managing trustees have examined the major strategic, business and operations risks which the organisation faces and confirm that systems have been established to enable regular reports to be produced so that necessary steps can be taken to lessen these risks.
The trustees have identified that the main risk for the charity is that of financial sustainability. The trustees regularly review the availability of the liquid funds, along with actively managing the charity's working capital to ensure this risk is minimised.
Non-financial risks arising from the educational courses that the charity provides have also been considered. These consist of health and safety risks and fire risks.
These risks are managed by ensuring that health and safety, and fire laws and regulations are followed, along with regular training for the tutors conducting the courses.
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The Umeed Welfare Trust (United Kingdom)
Trustees' Report for the Year Ended 31 December 2024
Trustees’ responsibilities statement
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a 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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP:
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make judgments and accounting estimates that are reasonable and prudent:
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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 2011, the applicable Charities (Accounts and Reports) Regulations 2008, and the provisions of the Trust Deed. They 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.
Approved by order of the board of trustees on ................................................. and signed on its behalf by:
Mr T Afsar - Trustee
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The Umeed Welfare Trust (United Kingdom)
To the Trustees of The Umeed Welfare Trust (United Kingdom)
I report to the trustees on my examination of the financial statements of the Charity for the year ended 31 December 2024 which are set on pages 5 to 11.
This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit go beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the financial statements present a 'true and fair' view and my report is limited to those specific matters set out in the independent examiner's statement.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Azeem Malik FCCA Rehman Michael & Co Chartered Accountants 277 Roundhay Road Harehills Leeds
Date: ..............................................
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The Umeed Welfare Trust (United Kingdom)
Statement of Financial Activities Including Income & Expenditure Account for the Year Ended 31 December 2024
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2024 2023
Unrestricted Unrestricted
fund funds
Notes £ £
INCOME FROM
Donations 3 137,478 72,571
Charitable activities
Sale of goods/services as part of direct charitable
Charitable activities 171250 19,950
Total Income (33,772) 52,621
Charitable activities
Expenditure on charitable activities 4 4,820 9,350
NET INCOME FOR THE YEAR/
NET MOVEMENT IN THE FUNDS (38593) 43,271
Fund Balances at 1 January 2024 80,168 36,897
FUND BALANCE AT 31 DECEMBER 2024 41,575 80,168
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The Statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes form part of these financial statements
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The Umeed Welfare Trust (United Kingdom)
Balance Sheet 31 December 2024
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2024 2023
Unrestricted Unrestricted
funds funds
Notes £ £
CURRENT ASSETS
Cash at bank 41,575 80,168
NET ASSETS 41,575 80,168
INCOME FUNDS
Unrestricted funds 41,575 80,168
TOTAL FUNDS 41,575 80,168
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The financial statements were approved by the Board of Trustees and authorised for issue on ................................................... and were signed on its behalf by:
Mr T Afsar - Trustee
The notes form part of these financial statements
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The Umeed Welfare Trust (United Kingdom)
Notes to the Financial Statements for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
Incoming resources
Income is recognised when the charity is legally entitled of it after any performance conditions have been met, the accounts can be measure reliably, and it is probable that income will be received.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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The Umeed Welfare Trust (United Kingdom)
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES - continued
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognized.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for a particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits neither for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid neither for the year ended 31 December 2024 nor for the year ended 31 December 2023.
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Notes to the Financial Statements - continued
The Umeed Welfare Trust (United Kingdom)
for the Year Ended 31 December 2024
3. DONATIONS AND CHARITABLE ACTIVITES
| 3. | DONATIONS AND CHARITABLE ACTIVITES | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| INCOME FROM | |||
| Donations | 137,478 | 72,571 | |
| 4. | Charitable Activities | Unrestricted | Unrestricted |
| Fundraising and publicity | funds | funds | |
| Support Costs | 2024 | 2023 | |
| £ | £ | ||
| Bank charges | 146 | 0 | |
| Wages | 3103 | 2300 | |
| IT | 652 | 0 | |
| Other legal and professional | 270 | 3,400 | |
| Marketing | 650 | 3,650 |
5. Employees
Number of employees
There were 2 employees during the year (2023 : 2).
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