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← Sardar Zaman Welfare Trust

2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1122334

SARDAR ZAMAN WELFARE TRUST

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

SARDAR ZAMAN WELFARE TRUST LEGAL AND ADMINISTRATIVE INFORMATION

Registered Charity number 1122334 Principal address 605 Kenton Road Harrow Middlesex HA3 9RT Trustees M A Khan Firdos Khan Mahmood Afsar

SARDAR ZAMAN WELFARE TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Page
Report of the Trustees 1
Statement of Trustees’ Responsibilities 2
Independent examiner’s report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6

SARDAR ZAMAN WELFARE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their report and the accounts for the year ended 31 December 2023.

The trustees confirm that the financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity was established by a charitable trust deed on 07 December 2007.

The trustees who served during the year were: Mr. M. A. Khan Mrs. Firdos Khan Mr. Mahmood Afsar

OBJECTIVES, ACTIVITIES, ACHIEVEMENT AND PERFORMANCE

The charity's objects are:

Relief of poverty and sickness and preservation and protection of the good health and welfare of people who are affected by poverty, famine and/or other disasters.

Provide programmes of education and training among all deprived communities and help them set up projects for their economic and social empowerment.

Promote community cohesion by organising educational programmes through meetings, talks and lectures for the advancement of all communities.

Help vulnerable people set goals and encourage them towards visions of achievements for their independence and self-sufficiency.

Assist impoverished people with their expenses for basic provisions, shelter, matrimonial and funeral costs.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

On behalf of the board of trustees

…………………

Mr M A Khan Trustee Date: 11 October 2024

1

SARDAR ZAMAN WELFARE TRUST STATEMENT OF TRUSTEES’ RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees are responsible for preparing the accounts in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Charity law requires the trustees to prepare accounts for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its net income and expenditure for the year.

In preparing those financial statements, the Trustees are required to

The Trustees are responsible for ensuring that the charity keeps accounting records that disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. 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.

2

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF SARDAR ZAMAN WELFARE TRUST

I report to the trustees on my examination of the accounts of Sardar Zaman Welfare Trust (the Trust) for the year ended 31 December 2023.

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 Trustee’s accounts carried out under section 145 of the 2011 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 2011 Act.

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:

(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.

Nabeel Shahzad FCA Chartered Accountant 75 Maygrove Road London NW6 2EG

13 October 2024

3

SARDAR ZAMAN WELFARE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Income from:
Donations
3
Total income
Expenditure on:
4
Raising funds
Charitable activities
Total expenditure
Net income/(expenditure) for the year
Fund balances at the start of the year
Fund balances at the end of the year		 Unrestricted
Funds
Restricted
Funds
Total
Total
2023
2023
2023
2022
£
£
£
£
164,459 -
164,459
130,990
164,459 - 164,459 130,990
7,250 -
7,250
1,700
158,477 -
158,477
126,784
165,727 - 165,727 128,484
(1,268)
-
(1,268)
2,506
5,598-
5,598
3,092
4,330 - 4,330 5,598

The notes on the attached pages form part of these financial statements.

4

SARDAR ZAMAN WELFARE TRUST BALANCE SHEET AS AT 31 DECEMBER 2023

==> picture [445 x 283] intentionally omitted <==

----- Start of picture text -----
2023 2023 2022 2022
Note £ £ £ £
Current assets
Cash at bank and in hand
4,330 5,598
4,330 5,598
Net current assets / (liabilities)
4,330 5,598
Total net assets / (liabilities)
4,330 5,598
Funds
Unrestricted funds:
General funds
4,330 5,598
Total funds
4,330 5,598
----- End of picture text -----

The financial statements were approved by the Board of Trustees on 11 October 2024 and were signed on its behalf by:

.............................................

Mr M A Khan Trustee

The notes on the attached pages form part of these financial statements.

5

SARDAR ZAMAN WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with 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) - Charities SORP (FRS 102).

Public Benefit

The charity meets the definition of a public benefit entity.

Incoming resources

All incoming resources, including donations and payments under deeds of covenant are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Taxation

The charity is exempt from tax on its charitable activities.

2. Detailed comparatives for the statement of financial activities

Income from:
Donations
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income/(expenditure) for the year
Fund balances at the start of the year
Fund balances at the end of the year		 Unrestricted
Funds
Restricted
Funds
Total
2022
2022
2022
£
£
£
130,990
-130,990
130,990
-
130,990
1,700
-
1,700
126,784
- 126,784
128,484
-
128,484
2,506
-
2,506
3,092
-
3,092
5,598
-
5,598

6

SARDAR ZAMAN WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

3. Donations income

Donations and gifts Unrestricted
funds
Restricted
funds
Total
Total
2023
2023
2023
2022
£
£
£
£
164,459 -
164,459
164,459
164,459 - 164,459
164,459

4. Analysis of expenditure

Donations made
Fundraising costs
Bank Charges
Independent
examination fees
Support Costs
Governance Costs
Total expenditure for
2023
Total expenditure for
2022		 Raising
funds
Donations
made
Support
costs
Governance
Costs
Total
2023
2023
2023
2023
2023
£
£
£
£
£
- 156,749
-
- 156,749
7,250
-
-
- 7,250
-
-
1,428
- 1,428
-
-
-300 300		 Total
2022
£
125,443
1,700
1,341
-
7,250 156,749
1,428 300 165,727
- 1,428 (1,428)
-
-
-300
-(300)
-		 128,484
7,250
158,477
-
- 165,727
1,700
126,784
-
-
128,484

All the expenditure incurred during the year was unrestricted (2022: all unrestricted).

5. Trustees' remuneration and benefits

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2022: Nil).

Trustees' Expenses

None of the trustees were reimbursed any expenses during the year. (2022: Nil)

6. Employees

There were no employees employed by the charity during the year (2022: Nil).

7. Related party transactions

There were no related party transactions in the year (2022: none).

7