MUSHTAQ WELFARE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 SEPTEMBER 2023 A Conrpany limited by guarantee- RegistTrtion No. 55T1956 (England) REGISTERED CHARITYNO. 1115506
MUSHTAQ WELFARE TRUST INDEX Page Directors RerK)rt Independent Examiners Report Slalutory Income and Expenditu Account Balance Sheet Statement of Financial Actiwties Notes to the Accounts
MUSHTAQ WELFARE TRUST DIRECTORS. REPORT The directors Imanagemenl committee members) present their Report and the Financial Statements fof the Year Ended 30 September 2023. Status The charity is a company lirntted by gL5arantee and is registered with the Charity Commission. Company Registration No. Charity Registration No. 5571956 1115506 Directors The directors who held office during the year were as follows". Ashfaq Ahmed Choudry Nuzhat Choudry Bankers Natwesl Bank Pl 437 Wilmslow Road, Manchester, M20 4AT Accountants Zaheer & Co , Registered Auditors . 63 Kingsway . Bumage, Marschester,M19 2LL Objects The main objects of the challty are.. - To help an educational chaTtty set up a School in pakistan To raise funds for a local school in Levenshulme area of Manchester We aim to make grants to the schools in and around Manchester on application basis To allow the trust to lend a helping hand to other charities in case of an international disaster Principal Activities During the year charity provided fvnds for the running of school in Pakistan. Organisational Structure The company is an independent charity. The directors Imanagemenl committee members} are responsible for the overall management and control of the charity. Risks The directors have taken steps lo establish the risks to which the charity is exposed and have pul system5 in place to mitigate those risks.
MUSHTAQ WELFARE TRUST DIRECTORS, REPORT Icont...) Review of the Results The directors consider that the resUS set out on pages 4 to 9 are satisfactory. They are of the opinion that the balance on the fvnds 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 8 to the Accounts. Dlrectors Responsibilitles Company18w requires the Directors to prepare accounts for each financial year lor other accounting period) which give a true and fair view of the slate of affairs of the Company and of its surplus or deficit for thal year. In preparing those financial statements, the Directors are required to-. select suitable accounting F)olicies and apply them consistentty- make judgements and eslimales that are reasonably prudent., ppare accounts on a going concem basis unless it is inappropriate to presume that the company will continue in business. The Directors ale responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and lo 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.. Company Secretary Nuzhat Choudry 2024
USHTAQ WELFARE TRUST INDEPENDENT EXAWNÉR'S AEPORTTOTHE MEMBERS OF MUSHTAQ WELFARE TRUST We report on the accounts of the Mushtaq Welfare trust. registere<l charity number 1115506 and company registration number 5571956 for the accounts year ended 30 September 2023 set out on pages 4 10 9. RESPECTIVE RESPQSlBIUTI QF TRUSTEESAND EXAMINER The charity's Iruslees are responsible for the preparation of the accounts in accordance with the requirements of the charity Act 2011 1" the Act" l. Thè charity's trustees consider that an audit is not required for this year (under section 43121 of the charib"e5 Act 1993 Ilhe 1993 Actl and that an independent examination 15 neede(l. It is our resposibility to: - examine the accounts (under section 145 of the 1993 Act). -lo follow the procedures laid down in the General Directions given by the Charity Commission. (under sedion 14515llbl of the Act) and in accordance FRS 102 SORP. -to stale whether particular matters have me to our attention. BAS OF INDEPENDENT EXAmINEs REPORT Our examination was carried out in accordance vmh Ihe General Directions given by the Charity Commissioners. An examination indudes the accounting records kept by the charity and a comparision of the accounts presented with those records. It also includes consideration of any unusLJal itèms or disclosures in the accounts and seeking explations from you as trustees concerning any such matter3. The pr¢xedures 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. INDEPENDENDENT EXAMINER'S STATEMENT In connection with our examition, no matter has coine lo our attention.. 111 which ge$ us reasonable cause to belive that in any material the ulments - to keep accounting record in accordance V1h section 41 of the Ad and - to prepare accounts which accord with the accounting records and lo compty with the accounting requirements of the Act have not been met". or 121 lo which in our opinion,attenlion should be drawn in order lo enable a proper understanding of the accounts to be reached. Mr Farroukh Zaheer IFCCAI Zaheer & Co. Chartered Certified Accountantants And Registere(l Audrtors 63 Kingsway Burnage Manchester M19 2LL 2024
MUSHTAQ WELFARE TRUST INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Not95 2023 2022 Income and Endowments Expenditure Nel income lexpenditurel for the year 121 100,896 50.849 50.047 91,558 35,074 56,484 131 Nel income lexpenditurel before lax 50.047 56.484 Tax payable {4) Net income lexpendrture) after taxation 50.047 56,484 Total funds 8rought Forward 324,470 267.986 ReTotal funds Carried Forward 1121 374,517 324,470 RECONCILIATION OF STATUTORY INCOME AND EXPENDITURE ACCOUNT TO SOFA Net income ex nditu lion Totsl Net income for the year per SOFA- Page 6 Deficit Total Net Income as above 50,047 50.047 56,484 56,484 Retained Incom rried Forward Total funds Clh¥d per SOFA- Page 6 Retained funds Carried FOard as above 374,517 374.517 324.470 324.470 The notes on pages 7 to 9 fom) part of these accounts.
MUSHTAQ WELFARE TRUST BALANCE SHEET AS AT 30 SEPTEMBER 2023 2022 Notes FIXED ASSETS Tangible Fixed Assets 18} 147 CURRENT ASSETS 191 380.770 380,770 330,674 330,674 LIABILITIES.. Amounts fallin9 due within one year {10) 6,400 6,388 NET CURRENT ASSETS 374,370 324,286 NET ASSETS 374.517 324,470 ACCUMULATED FUNDS Unre5tncted Restricted 112 374,517 324,470 374,517 324,470 The directors a satisfied that the company is entitled to exemption under section 477 of the Companies Act 2006 and that no member have requèsted an audit pursuant to section 476 of the Act. The directors aCkno%edge their reSPsIblIty for complying wth the wuiremenls of the Companies Act 2006 with respect to accounting records and the preparation of the accounts. The accounts have been prepared in accordanee wth the provisions applicable to small Companies subject to small companies regime and in accordance with FRS 102 SORP. Approved on behalf of the Board ) Director Ashfaq Ahmad Choudry ) D1ctor Nuzhat Choudry Dale.. 2024 The notes on pages 7 10 9 fonn part of these accoLtnts.
MUSHTAQ WELFARE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023 Year Year Ended Ended 30.09 2023 30.9.2022 Total Total Funds Funds Notes Vnresbtt•Y Restricted Endowment Funds Fund5 Funds INCOME AND EXPENDITURE INCOME AND ENDOWMENTS 121 Donations and Legacies Gift aid 71,479 29.417 71,479 29.417 79488 12070 TOTAL INCOME AND ENDOWMENTS 100.896 100.896 91,558 EXPENDITURE ON.. Expenditure on charrtable activitie:15) Support C051s 49,890 959 49,890 959 34,102 972 16) TOTAL EXPENDITURE 50.849 50.849 35,074 NET INCOME IEXPENDITUREI NET INCOME BEFORE TRANSFERS 50.047 50,047 56.484 NET INCOME (EXPENDITURE) NET INCOME FOR THE YEAR 50,047 50,047 56,484 Total Funijs Brought Forward 324.470 324,470 267,986 TOTAL FUNDS CARRIED FMD 1121 374,517 374,517 324,470 The notes on pages 7 to 9 fom part of these accounts.
MUSHTAQ WELFARE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 ACCOUNTING POLICIES The aeeounts havè bèÈn pPared under the histori1 cost convention and in accordance wth the Finanaal Reporb"ng Standard for Smaller Entrties leffeclive January 20151 the Accounting and Rèporting by Charibes Statement of recommended practice applicable lo charities preparing their aeeounts In accordance wrth the Financial Reporting Standard for smaller Entities published on 16th July 2014 ISORP 20151 and the charities. Income All income is included in the accounts when the chartty is entitled cto the income. endrture All expenditure has been fleCe{l in the St*ement of Financial Activitse5 oa accrual basis. Expenditure includes any VATwhich can not be fully recovered and is reported as part of the expendrture to which it relates. Valuation Ca itslisation and De reciation of Fixed A55ets Fixed assets are include(1 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 Computer equipment 15 % on cost 20 % on ¢osl xati The organisab'on is exempt from income tax by reason of its charitable status. Income lax Suffered on investment income is reclaimed in full. Reserves The organisation aim to maintain SLrfficient reserves to cover the months running costs. INCOME AND ENDOWMENTS This represents (tonalion receiveable for the provision of semces to members. The company The company is a non-profit making. NET INCOME IEXPENDITUREI 2023 2022 The operating surplus Idefiot} is stated after charging.. Depreaatson- owned assets 37 TAX PAYABLE
MUSHTAQ WELFARE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 {cont.. 8 EXPENDITURE ON CHARITAB ACTIVITIES Unrestricted Restricted Funds Funds Total 2023 Total 2022 School Project Travel and transport Qurbani and food parcels 40,876 608 8.406 49890 40,876 608 8.406 49,890 29,000 1.102 4.000 34,102 SUPPORT COSTS Unrestricted Re5tn"cted Funds Funds Totsl 2023 Total 2022 Telephone Prinling,postage & stationery Accountan Company house Web511e development and domain Data protection fees 8ank charges Oeprecialion 147 147 145 613 13 60 35 60 46 972 13 35 33 37 959 35 33 37 959 DIRECTORS. (MANAGEMENT COMMIThEEI REMUNERATION AND EXPENSES No rèmuneration directty or indire¢lly oth of the fvnds of the tharty was paid or payable. during the period, lo any trustee or to any persons known to be connected wth any of Ihem. No reimbursement of expenses has been made or is due to be made lo any of the trustee5 in respect of the period. TANGIBLE FIXED ASSETS Fixture And Computer Ftibngs Equipment Total COST Al 1 Octobei 2022 Addition At 30 September 2023 90 279 369 90 279 369 DEPRECIATION At 1 October 2022 Charge for Year At 30 September 2023 101 36 137 185 37 222 85 NET BOOK VALUE AI 30 September 2023 142 147 At 30 September 2022 178 184
MUSHTAQ YIELFARE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Icont.. 9 CURRENT ASSETS CASH AT BANK AND IN HAND 2023 2022 Cash at bank and in hand 380,770 330,674 380.770 330,674 10 LIABILITIES.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Private Loans A¢cruals & Creditors 6,100 300 6.400 6.100 288 6,388 COMPANY STATUS The company is limrted by guarantee and has no share Caprtal. All members have aged lo contribute a sum not exceeding £ 101 £1 for unwaged individua151 in event of winding up. 12 RESERVES Balanee brought for%ward Add.. surplus Ideficitl for the year Revenue Reserves 324,470 50,047 374,517 374.517 267,986 56,484 324.470 88lance carried forward 324,470