MUSHTAQ WELFARE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 A Company limlted by guarant88- R&gistration No. 5571956 (England) REGISTERED CHARITY NO. 1115506
MUSHTAQ WELFARE TRUST INDEX Page Directors Report Independent Examinels Report Statutory Incoma and Expendlture Account Balance She8t Statement of Flnancial Activities Notes to the Accounts
MUSHTAQ WELFARE TRUST DIRECTORS. REPORT The directors (management committee members) present their Report and the Financial Statements for the Year Ended 30 September 2024. ststus The charity is a company limited by guarantee and is registered with the Charity Commission. Company Registration No. Charity Registration No. 5571956 1115506 Dlrector8 The directors who held office during the year were as follows: Ashfaq Ahmed Choudry Nuzhat Choudry 8ank•rn Natwest Bank PIC 437 Wilmslow Road, Manchester, M20 4AT Accountants Zaheer & Co , Accountants , 63 Kingsway , Burnage, Manchesler,M19 2LL Objects The main objects of the charity are.. To help an educational charity 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 tru8t to lend a helping hand to other charities in Gase of an international disaster Prlnclpal Actlvltle8 During the year charity provided funds for the runnlng of school in Pakistan. Organisational Structure The company is an independent charity. The directors (management committee members) are responsible for the overall management and control of the charity. Risk8 The director8 have taken step8 to establish the ri8k8 lo which the charity is exposed and have put systems in place to mitigate those risks,
MUSHTAQ WELFARE TRUST DIRECTORS, REPORT (cont...) Review of the Results The directors consider that the results set out on pages 4 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 8 to the Accounts. Dlrectors Respon81bllltle8 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 preparlng those financlal 8tstements, 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 concem 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 delection of fraud and other irregularities. In preparing the above report, the Directors have taken advantage of special exemptions applicable to small companies. Sign8d on Behalf of the Board: Company Secretary Nuzhat Choudry - 2025
MUSHTAQ WELFARE TRUST INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF MUSHTAQ WELFARE TRUST We report on the accounts of the Mushtaq Welfare trust , registered charity number 1115506 and company registration number 5571956 for the accounts year ended 30 September 2024 set out on pages 4 to 9. RESPECTNE RESP05181LITIES OF TRUSTEES AND EXAMINER The charity's trustees are responsible for the preparatlon of the accounts in accordance with the requirements of the charity Act 2011 (" the Act" l. The charity's trustees consider that an audit is not required for thls year (under section 43(2) of the charities Act 1993 (the 1993 Act) and that an independent examlnation is needed. It is our resposibility to.. examine the accounts (under section 145 of the 1993 Act). -to follow the procedures lald down in the General Dlrectlons glven by the Charlty Commlsslon. (under section 145 (5)Ibl of the Act) and in accordance FRS 102 SORP. -to State whether particular matters have come to our attention. 8ASIS OF INDEPENDENT EXAMINER'S REPORT Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includ8S the accounting records kept by the charity and a comparision of the accounts presented with those records. It also includes consideration of any unusual items or di$clo$ure$ in the accounts and seeking explations 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. INDEPENDENDENT EXAMINER'S STATEMENT In connection with our examitlon, no matter has come to our attention.. {1) which give8 us reasonable cause to belive that in any materlal respect the requirements - to keep accounting record 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 whlch 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 & Co. Chartered Certified Accountantants 63 Kings'ovay Burnage Manchester M19 2LL - 2025
MUSHTAQ WELFARE TRUST INCOME AND EXPENDITURE ACCOUNT OR T EYE REN ED EPT BER Not•s 2024 2023 Income and Endowments Expendlture Net income (expenditure> for the year (2) 93,925 38,500 55,425 100.896 50,849 50,047 (3) Net Income (expendlture) before tax 55,425 50,047 Tax payable (4) Net income (expenditure) after taxation 55,425 50,047 Total funds Brought Fop4vard 374,517 324,470 ReTotal funds Carrfed FopAiard (12) 429,942 374 517 RECONCILIATION OF STATUTORY INCOME AND EXPENDITURE ACCOUNT TO SOFA Total Net Income for the year per SOFA - Page 6 Deficit Total Net Income as above 55,425 55,425 50,047 Total funds C1fv per SOFA - Page 6 Retained funds Carried Forward as above 429,942 429,942 374,517 374 517 The note8 on pages 7 to 9 form part of these accounts.
MUSHTAQ WELFARE TRUST BALANCE EET AT3 SEPTE BER2 24 2024 2023 Notes FIXED ASSETS Tangible Fixed Assets (8) 118 147 CURRENT ASSETS (9) 436,224 438,224 380,770 380,770 LIABILITIES.. Amounts falling due withln one year (10) 6.400 6,400 NET CURRENT ASSETS 429,824 374,370 NET ASSETS 374,517 ACCUMULATED FUNDS Unrestricted Re8trict8d {12) 429,942 374,517 429 942 374 517 The directors are satlsfled that the company 18 entitled to exemption under 3ection 477 of the Companie8 Act 2006 and that no member have reque$ted an audit pursuant to section 476 of the Act. The d1CtorS acknowledge thelr responsibilty for complylng wllh the requirements of the Companle8 Act 2006 wlth respect to accounting records and the preparation of the accounts. The accounts have been prepared in accordance with the provisions applicable to small Companies subject to Small companie8 regime and in accordance with FRS 102 SORP. Approved on behalf of the Board Director Ashfaq Ahmad Choudry ) Director Nuzhat Choudry Date.. 2025 The notes on pages 7 to 9 form part of these account8.
MUSHTAQ WELFARE TRUST STATEMENT OF FINANCIAL ACTIVITIES AR ENDED EPTEMB 024 Year Year Ended Ended 30.09.2024 30.9.2023 Total Total Funds Funds Notes Unfostrfcted Restricted Endowment Funds Funds Funds INCOME AND EXPENDITURE INCOME AND ENDOWMENTS {2) Donations and Legacie8 Gift aid 77,890 16,035 77,890 16,035 71479 29417 TOTAL INCOME AND ENDOWMENTS 93,925 EXPENDITURE ON.. Expenditure on charitable activitie¢ (5) Support costs (6) 37,090 1,410 37,090 1,410 49,890 959 TOTAL EXPENDITURE 38,500 38,500 50,849 NET INCOME (EXPENDITURE) NET INCOME BEFORE TRANSFERS 55,425 55,425 50,047 NET INCOME (EXPENDITURE) NET INCOME FOR THE YEAR 55,425 55,425 50,047 Total Funds Brought Forward 374,517 374,517 324,470 TOTAL FUNDS CARRIED FMID (12) 429 942 374 517 The note) on pages 7 to 9 fomi part of these accounts.
MUSHTAQ WELFARE TRUST NOTES TO THE ACCOUNT8 FOR THE YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTING POLICIES The accounts have been prepared under the historical cost Convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) the Accounting and Reporting by Charitie$. Statement of recommended practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard for smaller Entities published on 16th July 2014 (SORP 2015> and the Charities. Incom All income is Included In the accounts when the Charity 18 entitled cto the income. en All expenditure has been refiected in the Statement of Financlal Activits'es oa accrual basis. Expenditure includes any VATwhich can not be fully recovered and is reported as part of the expenditure to which it relates. ciati Fixed assets are included in the accounts at net book value. Depreciation Is provided to write off the cost less the estimated resldual value of tangible fixed assets over their estimated useful lives as follow8'.- Fixture and fittings Computer equipment 15 % on cost 20 % on cost The organi8atlon Is exempt from income tax by reason of its charrtable status. Income tax Suffered on investment income is reclaimed In full. The organigatlon aim to maintain 8ufflcient reseDie8 to Cover three mnths runnlng costs. INCOME AND ENDOWMENTS Thi3 repr8sents donation receiveable for the prov18ion of senrflces to member8. The company The company is a non-profit making. NET INCOME (EXPENDITURE) 2024 2023 The operating surplus (deficlt) Is stated after charging.. Depreciation- owned assets 29 37 TAX PAYABLE
MUSHTAQ WELFARE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (cont.. 8 EXPENDITURE ON CHARITABLE ACTIVITIES Unrestrrcted Restricted Funds Funds Total 2024 Total 2023 School Project Travel and Iransport Qurbani and food parcels 32,000 2,090 3,000 37090 32,000 2,090 3,000 37,090 40,876 608 8,406 49,890 SUPPORT COSTS Unrestrfcted Restricted Funds Funds Total 2024 Total 2023 Telephone Printing,postage & statlonery Accountancy Company house Dats protection fees Bank charges Depreciation 180 109 1,008 34 35 15 29 180 109 1,008 147 13 35 33 37 959 35 15 29 1,410 DIRECTORS, (MANAGEMENT COMMITTEE) REMUNERATION AND EXPENSES No remuneratlon dlre¢tly or indirectly out of the funds of the charity was paid or payable, during the perlod, to any trustee or to any persons known to be connected wtth any of them. No relmbursement of expenses has been made or is due to be made to any of the trustees in respect of the period. TANGIBLE FIXED ASSETS Fixture And Computer Fitting8 Equlpment Total COST At 1 October 2023 Addition At 30 September 2024 90 279 369 90 279 369 DEPRECIATION At 1 October 2023 Charge for Year At 30 September 2024 85 137 28 165 222 29 251 86 NET BOOK VALUE At 30 September 2024 114 118 At 30 September 2023 142 147
MUSHTAQ WELFARE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (cont.. 9 CURRENT ASSETS . CASH AT BANK AND IN HAND 2024 2023 Cash at bank and in hand Loan to other charities 336,224 100,000 436,224 380,770 380,770 10 LIABILITIES.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Private Loans Accruals & Creditors 6,100 300 6,400 6,100 300 6,400 COMPANY STATUS The company is limited by guarantee and has no share capital. All members have agreed to contribute a 8um not exceeding £ 10 { £1 for unwaged individuals) In event of wlnding up. 12 RESERVES Balance brought forward Add.. surplu8 (deficit) for the year Revenue Re8erve8 374,517 324,470 429,942 374,517 374 517 Balance carried fonNard 429,942