Company No. 5100582 Charlty No. 1107386 SMETHWICK PAKISTANI MUSLIMS ASSOCIATION LTD REPORT AND FINANCIAL STATEMENTS 31st MARCH 2024 •ADHQ8YSD' 1111212024 COMPANIES HOUSE A20
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SMETHWICK PAKISTANI MUSLIMS ASSOCIATION LTD CONTENTS PAGE COMPANY INFORMATION TRUSTEES REPORT TRUSTEES STATEMENT TRUSTEES RESPONSIBILITIES ACCOUNTANTS REPORT STATEMENT OF FINANCIAL ACTIVITIES PROFIT & LOSS ACCOUNT BALANCE SHEET ACCOUNTING POLICIES 10 NOTES TO THE ACCOUNTS 11.12
SMETH¥VICK PAKISTANI MUSLIMS ASSOCIATION LTD COMPANY INFORMATION COMPANY NO: 5100582 CHARITY NO: 1107386 REGISTERED OFFICE: Victoria Centre Suffrage Streel Smethwick West Midlands B66 3PZ TRUSTEES & DIRECTORS: Mr Abld Hussaln Mr Amir Afzal Mr Amjad Ali Mr Saghir Ahmad Mr Ishtlaq Hussain Mr Mohammed Rouf Mr Ashfaq Ahmed Mr Abdul Ghafoor Mr Zah¢or Ahmed Mrs Samiya Akhter Mr Daud Islam Chair Person Resigned 07.03.24 Trustee Treasurer Secreiary Trustee Truste• Resigned 07.03.24 Trustee Trustee Resigned 07.03.24 SECRETARY.. Mr Ishtiaq Hussaln Generel Secrelary ACCOUNTANT.. Shabir Nawab & Co Accountants 11 Portland Road Edgbaston Birrningham 816 9HN BANKERS.. Barclay¥ Bank Soho Road Branch 351-359 Soho Road West Mldlands 8219SE
SMETHWICK PAKISTANI MUSLIMS ASSOCIATION LTD TRUSTEES REPORT The directors of the charltable company {'the charity.) who are also rts trustees, submit their report and the financial ststements of Smethwick Paklstani Muslims Association'Limiled ISPMA) for the year ended 31 st March 2024. Thfoughout thls report the directors of the charitable company are referred to as the trustees. NAME AND NATURE OF CHARITY The lull name of the chafity 15 Smethwi¢k Pakistani Muslims Association Limited. It Is a company limited by guarantee, and Is a registered charity governed by its Memorandum and Articles of A550clation. The company was lormed on 13th April 2004 and was registered with the Charity Commisslon of England and Wales. CHARITY TRUSTEES The following trustees have held office durlng the period.. Zahoor Ahmed Ishliaq Hussaln Saghir Ahmad Abld Hussaln Mohammed Rouf Amjad Ali Samiya Akhter Amir Afzal (Resigned 07.03.24) Ashfaq Ahmed Abdul Ghafoor (Reslgned 07.03.24) Daud Islam {Resi9ned 07.03.24) OBJECTIVES AND ACTIVITIES The maln aims and obleckn'ves of SPMA are as follows.. ' To develop a community based organi83tion that seNes the needs and aspirations of the Pakistonl populatlon and the wlder community in Sandwell. Establlshlng an education and training programme. Providing advi and information. Providing a point of reference and ac¢e$s lor other group5 Wlthin S8ndwell. The SPMA pravides services and actlvitles to Ihe communty in the following areas: Education and Tralning ' Social Wemare . Debt Management & Support ' Energy A(fvlce Health Development . Youth Development Promoting well belng in the local community,we want people to flnd help in times ol crisis.we also want to support people recovering from problems to work out and implement their Own ideas for a better life. Imprtsvlng the quallty of lrfe and well being are not merely about enduring and coping-they involve laking control and enjoying lrfe to the full.This means valuing IndivUarS experience and tslents whatever their current circumstances.we want a Cent that stimulates active parttcipation.our visStors will give support as well as receive 5t through self-help groups and rnutU81 volunteering schemes. We want people to be able to seek help in a pla¢e that is familiar and unlnts'midailng and doos not set seekers apart from the rest of the community.
SMETHWICK PAKISTANI MUSLIMS ASSOCIATION LTD TRUSTEES STATEMENT First and foremost the trusteès would like to thank the stsff and volunteers for thelr hard work and commitment ovei the past very difficult year. We greatty appreciate the invaluable contribution they have made to our work. On behalf of the Charty we would like to express our thanks to all the donors, both individuals and companles. Thelr kind contributions are appreciated and thelr continued support is valued ty the Charity. REVIEW OF OEVELOPMENTS It has been a very challenging year due to the post pandemic effect and increase in cost ol living,but despite this with careful risk and service management, SPMA Ltd has had a productive year under very difficull circumstances. Management Commlttee members meet regularly to remew the perfomance of the organisations siaff and the projects that they are Tunning as well as ensuring that the organisation is Continuing to be lun on a finanGially secure basis.ln this flnancial year.SPMA has ¢onb'nued to work towards securing lunding lor the ¢ore costs of the organisation as well as funds fof the maln actlwities and soriicè5 the organisatlon prowdes. Further rafurbishment has been earried out at Vlctoria Centre,wlth some works still pending.This wlll enable lh• eentre,to be lully operational offering the followlng facllltles: Provldlng rnulti-interest access. Study support classes lor young people. ' A¢tlviti¢S for men and women. Sporling activilies for all age groups. Centre hire for varbous functlons and buslness sémlnars. Healthy Cooking & Healthy Lrfe Style classes. Thè vision for Vlctoria Centre 18 lo transform it into a vibr8nl communty hub which will ¢aler for all rnernbers of the communlty and also to hire the centre out foi varlous functs'ons,thus resulb'ng in an additional income stream enabllng SPMA to be self sustaining and to further Increase ils activities and guidance whlch includes.. Wellare Rights. Debt Management Serilce Energy Support l Advt¢e Housing. Benefits. . Support and Advocacy. Translations Service. During 2023r2024 SPMA Ltd has officialty 3UPPOrted 18,486 clients and total income generatod through Advice SeNice was £2,197,863. SPMA Ltd are AuthorSsed and Regulated by the Financial Conduct Authority {FCA} as a consumer credlt Firm (629701) , providing a Debt Advice & Management Servl¢e to our cllents. Thls financlal year the lotal number Df debt cases was 1,833 with a total debt value of £5,852,229.Through SPMA Ltd interentIon and advicelsupport the total value of debt reduced or wrttten off was £3.221,452.155%). Although SPMA have exceeded all tsrgels set by Ihe SL4 and have made a huge difference to people's incomes.we are acutely aware that in time8 of financlal hardship and local authority ¢Utbacks,it 1$ very often the voluntary sector which feels the effects.As such SPMA will seek funding from a range of sources including Specialist funding.Trusts and Government sources as well as Contracts with seNlce provlders to continue to deliver and irnprove all aspects of the organisations work.
SMETHWICK PAKISTANI IJIUSLIMS ASSOCIATION LTD TRUSTEES STATEMENT RISK MANAGEMENT Accounting fvnctions are carried out by the Trustees and staff. The Trustees have reviewed the areas ol potential risk for the Charity ar Concluded that there are sufficient controls in place to prote¢1 all the current fund-maklng activities. The Trustees will review this issue on an annual basis and. where appropriate tske advice from the accountants. The Trustees meet the accountants each year to discuss their report on internal financial Controls and Iheir re¢Dmmendalions arising from th• preparalion of accounts. Their recommendatlons are adopted. SPMA wlll 9ive due considerakn'on to155ues such as local cufture, traditions and the political situalion. They will also consider the advice,Information and views from local groups which will play an important part in deciding what projects and purposes will most eflectively benefrt a communlty and fulfil the ChaTitys purposes. RESERVES The Trustees consider it prudenl thal unfestrlcted funds should be suffKient for the Charty's use. The Trustees have decided that there Is a need to maintain unrestricted funds lor the following reasons.. (a) To provide funds which can be designated to 5pecifi¢ projects to enable these projects to be undertaken at short notico and (b) To cover 8dministration and support costs without which the Charity could not function. The Board of Trustees are satisfied Ihal the Charity is In a position to meet all its commltmen16 Out of income and that its reserves are sufficient lor its purposes. RESULTS The results for the year are sel out in Ihe attached ac¢ount$, Incomlng resources amounted lo £139,357 and resources expended amounted to £138,910 generating a profit of £447 {2023:.£255) ACCOUNTANTS A fesolutlon to re-appolnt Shablr Nawab & Co, as accountants will be pul to the members at their 2024 meeting. By Order of the Board of Trustees Mr Abld Hussaln ChaSrman Mrsagh Ahmad Trnasurer
SMETHWICK PAKIST ANI MUSLIMS ASSOCIATION LTD TRUSTEE'S RESPONSIBILITIES IN THE PREPARATION OF FINANCIAL STATEMENTS Company law requlres the trustees to prepare financial statements for each financial year. which give a true and fair view of the state of affairs of the company and of the surp.lus or deficit of the company for that perlod. In preparing those financial statements, the trustees are required to.. (a) select suitable accounting porkies and then apply them consistentty,. (b) make judgements and estimates thal are reasonable and prudent: (c) prepare the financial ststements on the going concern basis Llnless it Is inappropriate io presume that the company will continue In business. The trustees are responsible ft)r keeping proper accounting records which disclose with reasonable accura¢y at any time the financial position of the company and lo enable them to ensure that Ihe financial statements Gomply wrth the requirements of the Cornpanles Act 2006. They are also responsible ft)r safeguarding the assets of the Company and hence lor taking reasonable Step8 for the preventlon and detection of fraud and other irregularitses,
SMETHWICK PAKISTANI MUSLIMS ASSOCIATION LTD ACCOUNTANTS REPORT ON THE UNAUDITED ACCOUNTS TO THE MEMBERS OF SMETHWICK PAKISTANI MUSLIMS ASSOCIATION LTD AS described on the balance sheet you are responslble lor the preparation of the accounts for ihe year ended 31 st March 2024 set out on pages 8 to 13, and you consider that the cornpany is exempt from an audit and a report under Sedion 477 of the Companies Act 2006. In accordance wilh your instructions, we have compiled these unaudited accounts in order to assist you lo fulfil your statutory re5ponsibllllies, from the accounting records and inf¢rmalon and explanatlon supplied to us. SHA NAWAB & CO ACCOUNTANTS 11 Portland Road Edgbaston 8irmin9ham 818 9HN Dated.. 11th November 2024
SMETHWICK PAKISTANI MUSLIMS ASSOCIATION LTD STATEMENT OF FINANCIAL ACTIVITIES lor the year ended 31 March 2024 Unrestrfcled Restrlcted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 NOTE INCOMING RESOURCES Donations receivable Other Income.. HMRC JRS Grant Sandwell Council Grant Membership fees 104,084 1,325 33,588 137,672 1.325 144,802 la 360 360 360 TOTAL INCOMING RESOURCES 105,769 33,588 139,357 145,162 RESOURCES EXPENDED Charitable expendilure.. Managemeni and admlnkstratlon Staff costs 18,541 11,674 30,215 108 695 37,406 107 501 TOTAL RESOURCES EXPENDED 105,322 33,588 138.910 144,907 NET MOVEMENTS IN FUNDS 447 447. 255 Funds brought lorward 61.327 Fund balance8 carrled forward at 31st March 2024 61.774 61,774 61,327
SMETHWICK PAKISTANI MUSLIMS ASSOCIATION LTD PROFIT & LOSS ACCOUNT for the y•ar ended 31 March 2024 2024 2023 Income Membership fees 138,997 360 144,802 360 Total Income 139.357 145,182 Total Expendlturn 138.910 144,907 NET INCOMING I (OUTGOING) RESOURCES FOR THE YEAR 447 255 Total income comprises £33,588 of restricted funds and £105,769 of unrestricted funds.12023:£145,162) A detailed analysls of income by source is provided in the Slatement of Flnancial Actlvities and notes 1-2. Detalled analysis of expenditure is provided in the Statement ol Flnancial Actfvities and notes 34. No separate St8ternent of Total Recognised Gains and Losses h8$ been presented as all such galns and losses have been dealt with In the Statemént of Financial Aclivities. Net incoming resources for the period arise frorn the charitys continuin9 opeTakn'ons.
SMETHWICK PAKISTANI MUSLIMS ASSOCIATION LTD BALANCE SHEET as at 31 March 2024 NOTE 2024 2023 FIXED ASSErs 20.630 21,859 CURRENT ASSETS Cash in Hand & al Bank Debtors 53,927 10,969 67,818 10,969 85,526 100,646 CREDITORS Amounts falling due wlthln one year 23,752 39,319 NET ASSETS 61,774 61,327 INCOME FUNDS Unrestrlcted funds - surplus 81,327 NEf ASSET8 81,774 61,327 The Trustees 8re satisfied that the Company is entitled lo exemption under Secllon 477 of the Comp8nl8s Act 2006 and no members have requesled an audii pursuant to Secllon 47e of the kl.
SMETHWICK PAKISTANI MUSLIMS ASSOCIATION LTD BALANCE SHEET (eontsnued) as at 31 March 2024 The Trustees acknowledge their responslbilities for: _ (i) ensuring that the Company keep proper accountlng records which comply with Secbon 386 and 387 of the Companies Act 2006 and preparing accounts which give a true and fair view of Ihe state of affalrs ol the Company as at the end of the financial year and of its profft or loss for the financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Acl 2006 relatlng to fin8nclal statements.so far as applicable to the company. The arxounts have been prepared in accordance wtlh the special provision ol Part 15 of the Companies Act 2006 relating to small companles. Approved by the Board of Trustees on 1 Ith November 2024 A. HUSSAIN S. AHMAD 9A
SMETHWICK PAKISTANI MUSLIMS ASSOCIATION LTD ACCOUNTING POLICIES BASIS OF ACCOUNTING The financial slaternents have been prepared under the historical cost convention and are in a¢cordan¢e wilh the Companies Act 2006 and follow the recommendations in Accounting and Reporting for Charities ststement of Recommended Practice (SORP 2000) issued in Ociober 2000. The charity has taken advantage of the exernption In Financial Reporting Standard No 1 from the requirement to produce a cashflow statement. INCOMING RESOURCES All in¢oming resources are included In the Statement ol Financial Activities when the charitable company is legally entilled to the incorne and Ihe amount can be quantified wlth reasonable accuracy. Donation5 are recognised in full in the year In whlGh they 3re reGeivable. Intangible income is treated as unrestrtcted funds 2nd is Included at the value to the charitable company where this can b? quantified and a third party is bearing the cosl. RESOURCES EXPENDED Resources expended are recognised In the period in which they are Incurred. Grants payable are Charged in the year when paid to the reclplent. All 9rant offers are condliional. Any amounts not 5penl by the recipient and repaid to the charltabie company are credited to the Statement of Financial Activities when repaid. Management and administration comprises costs for the running of the charitable company as an organisation VALUE ADDED TAX Value Added Tax is not recoverable by the Charity, and as such 811 costs met directly by the charitable Company are Included gross of VAT In the Statemenl ol Flnanc181 Actlvlties. ACCUMULATED FUNDS The various accurnulated fund8 represent the followlng: Restricted Funds: These are funds that can only be used tor particular restricted purposes within the objects of the ¢harty. Restrictions arise when specitJed by Ihe donor or when funds are raised for Partular restricted purposes. Unrestrlcted Funds.. These are funds which can be used in accordance wlth the charitable objects at Ihe discrelion of the trusteos. All donatlons received by the charity to date in the financlal statements have been prepared to show these donations as being unrestricted. Investment Income has also been shown as unrestricted funds. LEGAL STATUS OF THE CHARITY The charity is a company limited by guarantee and has no share capital, The company members are the trustees and their liabillty In the event of winding up is limited to £10. 10
SMETHWICK PAKISTANI MUSLIMS ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 2024 2023 1 DONATIONS The details of donations received are as follows.. RESTRICTeD FUNDS: . The Henry Smith Chaflty Harborne Parish NHS Black Country 8.B.C- CIN 27,729 3,439 42.971 3.496 300 7,260 2,420 UNRESTRICTED FUNDS: . Sandwell Consortlum S.M.8.C. The Roger & Douglas Turner Charitable Trust s.c.v.o. 37,060 63,293 2,000 14,529 70,775 2.000 3.471 137,672 144,802 la OTHER INCOME:. The Good Trouble 1,325 2 MEMBERSHIP Fees recelved 360 3 RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY Other adminlstratlon costs 34,747 37,406 4 STAFF COSTS The average monlhty number of persons employed by the charlty durlng the year was: Office and Management Staff costs for above person Wages and salaries Social security & Pension costs 107,997 698 106,818 683 108,695 107,501 There were no employees with emoluments above £50,000. Trustees remurieration.. No remuneration was paid to the trustees in the perlod.
SMETHWICK PAKISTANI MUSLIMS ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Mar¢h 2024 S FIXED ASSETS OFFICE EQUIPMENT 2024 2023 COST At 31st March 2023 Additions 7S.164 75.164 At 31st March 2024 75,184 75,164 DEPRECIATION At 31st March 2023 Charge for year . 53.305 1,229 52.065 1,240 At 31 st March 2024 54.534 53,305 Net Book Valuo At 31 st March 2024131 st March 2023 20,630 21,859 6 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals and deferred Income Other Taxation and Social Securty 23,617 135 39,186 133 23,752 39,319 8a DEBTORS I JMA TRUST 10.969 7 FUNDS MOVEMENT Total Funds 2024 Balance at 01104123 Incomlng Resourc06 Expendltur• Total FundB 61,327 139,357 138.910 61,774 8 ANALYSIS OF NET ASSETS BETWEEN FUNDS Total Funds 2024 Unrestrl¢l¢d Fund8 Restilcted Fund8 Current As8ei8 Liabilities due within one year 64.896 (23.752) 64,896 (23,752) 41,144 41.144 9 RELATED PARTY TRANSACTIONS There were no related paty transactions durlng the year 12