**REGISTERED CHARITY NUMBER: 1119218**
## **VALAN SOCIAL WELFARE TRUST**
## **TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
Riley Moss 2018 Limited Riley House 183-185 North Road Preston Lancashire PR1 1YQ
**VALAN SOCIAL WELFARE TRUST**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Trustees' Report**|2 to 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6|
|**Notes to the Financial Statements**|7 to 9|
|**Detailed Statement of Financial Activities**|10|
**VALAN SOCIAL WELFARE TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MAY 2021**
|**Trustees**|Mr. M M Ibrahim|
|---|---|
||Mr A Bashir|
||Mr M Mitha|
||Mr I Ugharadar|
||Mr Y Vali Ahmed|
|**Principal address**|2 Garforth Rise|
||Heaton|
||Bolton|
||Lancashire|
||BL1 5JL|
|**Registered charity number**|1119218|
|**Independent examiner**|Riley Moss 2018 Limited|
||Riley House|
||183-185 North Road|
||Preston|
||Lancashire|
||PR1 1YQ|
Page 1
**VALAN SOCIAL WELFARE TRUST TRUSTEES' REPORT FOR THE YEAR ENDED 31 MAY 2021**
The trustees present their report and the financial statements for the year ended 31 May 2020. The trustees who served during the year and up to the date of this report are set out on page 1.
## **Objectives and activities**
The objectives of the trust, as set out in its governing document are:
- To relieve sickness and to preserve the health of individual in need by providing or assisting in the provision of equipment, facilities and services.
- The relief of financial hardship, either generally or individually, of people living in third world countries by making grants of money for proving or paying for items, services or facilities.
- To advance education by proving and assisting in the provision of facilities.
- To promote any other charitable purpose in furtherance of the objectives as the trustees from time to time determine.
- When planning activities for the year, the trustees have considered the commissions guidance on public benefit.
## **Achievements and performance**
Our sincere appreciation goes out to all our well-wishers and contributors who have allowed us to accomplish our current goals. The progress the charity has made since establishing Valan Hospital has been an overwhelming success across the various faculties and departments of the hospital. These departments are operational on a day-to-day basis and are a means of hope tomany sick and unwell people.
With the Coronavirus pandemic affecting many lives in and around Valan, a Covid Treatment Centre had been initiated immediately to benefit the local community free of charge which ran until the need for the facility was no longer required in September 2021.
Alongside annual Eye Camps, Valan hospital operated numerous other camps including Cancer Screening, Dental and Heart Camps.
The overall departmental progress from 2020-2021 indicates that over 40,000 patients overall benefited from the different services provided at Valan Hospital. A breakdown of this figure shows that amongst these patients, 28,994 patients made use of the Outpatient Department and rendered its service. 316 delivery patients were admitted at Valan Hospital to acquire their support, service and excellent skill in bringing a new-born child safely into this world. 3,312 X-rays were carried out. Inpatient department accounted for 2942 patients and the eye department, 3,548
patients benefited from these facilities including 1,515 cataract operations successfully carried out.
Valan Hospital operates as a non- profit organisation and each year intends to improve the services and facilities of the hospital to ensure patients receive the best treatments and services in the locality.
In accordance with our goal and the help of our wellwishers and donors we are well on our way to establish a homeopathy Medical College at Valan Hospital. The Medical College aims to provide an educational institution that provides medical education within the hospital.
In making this hospital a success, we are constantly open to improvement and advice from well wishers who aim to make this venture, as much of a success as we aspire. Changes are constantly made to the running of the hospital to ensure all patients are treated equally and benefit from the best service possible. It is our aim to give the people of those in surrounding areas of the hospital, a better standard of living by providing a healthcare service in close proximity.
A special thanks to all well-wishers, nurses, doctors, volunteers and committee member for their great efforts in making this hospital a success and valuable to the local communities.
Page 2
**VALAN SOCIAL WELFARE TRUST**
**TRUSTEES' REPORT FOR THE YEAR ENDED 31 MAY 2021**
## **Financial review**
It is the policy of the charity to maintain unrestricted funds at a level which equate to approximately 12 months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs.
## **Structure, governance and management**
## **Governing document**
Valan Social Welfare Trust is a registered UK Charity constituted on 19 November 2006 under charity number 1119218. It is an unincorporated charity. The governing document is a Trust Deed.
The trustees named on page 1 have served throughout the year. The trustees have the power to appoint any person to be a trustee in accordance with the provisions of the Trust Deed. An appointed trustee holds office within the limits permitted by law.
## **Risk management**
The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
Approved by order of the board of trustees on 1 April 2022 and signed on its behalf by:
Mr. M M Ibrahim - Trustee
Page 3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VALAN SOCIAL WELFARE TRUST**
## **Independent examiner's report to the trustees of Valan Social Welfare Trust**
I report to the charity trustees on my examination of the accounts of Valan Social Welfare Trust (the Trust) for the year ended 31 May 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of _ which is one of the listed bodies.
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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 accounts to be reached.
Farook Patel FCA Riley Moss 2018 Limited Riley House 183-185 North Road Preston Lancashire PR1 1YQ
1 April 2022
Page 4
**VALAN SOCIAL WELFARE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021**
**----- Start of picture text -----**
2021 2020
Unrestricted Restricted Total Total
funds fund funds funds
Notes £ £ £ £
Income and endowments from
-
Donations and legacies 412,062 412,062 204,715
Investment income 2 3 - 3 16
Total 412,065 - 412,065 204,731
Expenditure on
Charitable activities
Charitable activities abroad 399,640 - 399,640 65,740
NET INCOME 12,425 - 12,425 138,991
Reconciliation of funds
-
Total funds brought forward 553,217 553,217 414,226
Total funds carried forward 565,642 - 565,642 553,217
**----- End of picture text -----**
The notes form part of these financial statements
Page 5
**VALAN SOCIAL WELFARE TRUST**
## **BALANCE SHEET 31 MAY 2021**
**----- Start of picture text -----**
2021 2020
Unrestricted Restricted Total Total
funds fund funds funds
Notes £ £ £ £
Current assets
Cash at bank 567,142 - 567,142 554,597
Creditors
Amounts falling due within one year 4 (1,500) - (1,500) (1,380)
Net current assets 565,642 - 565,642 553,217
Total assets less current liabilities 565,642 - 565,642 553,217
NET ASSETS 565,642 - 565,642 553,217
Funds 5
Unrestricted funds 565,642 553,217
Total funds 565,642 553,217
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees and authorised for issue on 1 April 2022 and were signed on its behalf by:
Mr. M M Ibrahim - Trustee
The notes form part of these financial statements
Page 6
**VALAN SOCIAL WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
## **1. Accounting policies**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
## **Expenditure**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 7
continued...
**VALAN SOCIAL WELFARE TRUST**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021**
## **2. Investment income**
**----- Start of picture text -----**
||||
|---|---|---|
|2021|2020|
|£|£|
|Deposit account interest|3|16|
**----- End of picture text -----**
## **3. Trustees' remuneration and benefits**
There were no trustees' remuneration or other benefits for the year ended 31 May 2021 nor for the year ended 31 May 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2021 nor for the year ended 31 May 2020.
## **4. Creditors: amounts falling due within one year**
**----- Start of picture text -----**
|||||
|---|---|---|---|
|2021|2020|
|£|£|
|Other creditors|1,500|1,380|
|5.|Movement in funds|
|Net|
|movement|At|
|At 1.6.20|in funds|31.5.21|
|£|£|£|
|Unrestricted funds|
|Unrestricted fund|553,217|12,425|565,642|
|TOTAL FUNDS|553,217|12,425|565,642|
**----- End of picture text -----**
Net movement in funds, included in the above are as follows:
**----- Start of picture text -----**
|||||
|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted funds|
|Unrestricted fund|412,065|(399,640)|12,425|
|TOTAL FUNDS|412,065|(399,640)|12,425|
**----- End of picture text -----**
Page 8
continued...
**VALAN SOCIAL WELFARE TRUST**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021**
## **5. Movement in funds - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
Unrestricted fund
**TOTAL FUNDS**|**At 1.6.19**
**£**
414,226
414,226|**Net**
**movement**
**in funds**
**£**
138,991
138,991|**At**
**31.5.20**
**£**
553,217
553,217|
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
Unrestricted fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
204,731
204,731|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(65,740)
138,991
(65,740)
138,991|
|---|---|---|
## **6. Related party disclosures**
There were no related party transactions for the year ended 31 May 2021.
Page 9
**VALAN SOCIAL WELFARE TRUST**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021**
**----- Start of picture text -----**
2021 2020
£ £
Income and endowments
Donations and legacies
Donations 412,062 204,715
Investment income
Deposit account interest 3 16
Total incoming resources 412,065 204,731
Expenditure
Charitable activities
Donations 398,455 65,000
Support costs
Finance
Bank charges 375 50
Governance costs
Accountancy and legal fees 810 690
Total resources expended 399,640 65,740
Net income 12,425 138,991
**----- End of picture text -----**
This page does not form part of the statutory financial statements
Page 10