Charity Reg. No. 1124449 ORPHAN WELFARE TRUST Trust¢es' Annual Report FlnAncl&l StAlements for the year ended 30 June 2024
ORPHAN WELFARE TRUST Financi*l Ststements for the year ended 30 JuDe 2024 Contenls Pag¢ Charity inforniation Trustees, Annual Report Indep¢ndent Examiner's Report Income and ExpditUre account Balance sheet 24 Notes to the accounts
ORPHAN WELFARE TRUST Flnncil Stt¢ments for the y¢Ar ended 30 June 2024 Name of Charity Charity Re8 No ORPHAN WELFARE TRUST 1124449 Flat-31 32 Truman Wk London E3 3FE Tel 03330 119555 Emoil Websit¢ Rep)rtin8 Perifrd 2023-24 Chairp¢rson Secr¢l Tre&sur Truslee Mohammed Ukil Ali Bodrul Isla¢n R¥beya Il¢gum Zahangir Alom Abidul Alom Account Nome Sort C'ode Account NumEr Bank Name ORPHAN WELPARE TRUST 30-92-90 0268 1720 Lloyds Bllnk BBnk Addres5 Whitechapel Brwoh 3-5 whitechal Road London EI IDU SYLDON & CO ACCOUNTANTS 333 Stratford Workshops Burford Road London E15 2SP page I
ORPHAN WELFARE TRUST Trwtees, Annu81 Repor¢ for the year ended 30 June 2024 Th¢ Trustr¢5 present their Report and A¢¢ounts for th¢ y¢ar endcd 30 June 2024. The Charlty Name: Th¢ l¢gal nprne of the chaTity is '. ORP14AN WELFARE TRUST. The ¢harlty's Are&8 operdon and UK ¢harltable orynls4tlon: The charity is rewster¢d in En8land & Wales with the ChaTity Commission in England & Wa]¢5 (C'CEWI with tharity number 1124449. LeKil Structure of the ch4rlty: 'rhe ch8rity is Lonstituied As an unkn¢orpor&ted ¢hority. established by a writtert o)nslibJtion. Th¢ 8ov¢rning documents of the charily is the written ¢onstrtutiun approved by th¢ members and endorsed by the chltY Commls$K)n thi [ngland & Waks ICCEWI. Th¢rn 8re no Testriclions th the 8overnin8 documents on the 0rL)n of the charlty or on its investsnenl powers other than those imposed by C'harity Law. HlstOry ObJectlve$ •nd Actlvltles of OWT: 'rhe'fruslee8 submit thcir r¢port and flnoncial statem¢nts for thB Ye ended 30 Jun¢ 2024. Orphan W¢lfore Trust WH5 fornierly foun(kd by Flaji Ukil Ali in ord¢r to stfirt ¢h¢ Musjid & Madr8 Project in 2003, LAter; owr w&4 incorpx)rAlod charity hnd it$ nam¢ cntered in the Charity Commission'5 C¢ntrlll Registcr on the l Oth Jun¢ 2008. OWT 1$ 8 charitabk ond non.8ov¢MMent wmmunity lcd or88nisg4tion bos¢d in London Elorough of Tow¢r Hamlets London Borou8h of Newham,, supportin8 th¢ needs of to improve th¢ w¢114)eing of th¢ community in UK and overse to build better Community ¢ohesion with the wideT ¢ommunity. Th¢ obpctives of owr Hre th¥ritabie in naiure and of the folk>win8 aq laid out in th¢ consti1utK>n do¢uments: al to Telve poverty. uncmployment, i5ol4tion. housinB and other dLgadv8nteges throu8h the Provision of 4dvice. int¢rpr¢tin8 nd trainin8, bl to adv8nco cducation thTOU8h orranging coursesllecturc51¢lasseslwork5hopy ) to impr()v¢ health through bettCT infom)&lion and Mdvice d} lo provide recreation ond l¢isur¥ through arranging sport%, trips Bnd cullurul aLlivities. el lo support pEnples, suffer due Io agc, 8Likness disabilily through providing n¢L¢s$ary services. l) to &dv8nce cit17.cnship and community dcvciopment Bl to other purpo8c$ ¢urrently re¢ognvLed as Gharilable and any new chwitabl¢ purpose which ar¢ simi18r to other ¢harithbl¢ PUTposes. GoYernAnce and MnaRement: ThE ¢h8rity is con%tituted by ¢h¢ Constitution. li is ¥ov¢rncd by the regul4tion set out in th¢ Constitution run by a volunte¢r mano8cment wmmittee. The Ch8rityY ncw committee mombers Te el¢cted at the Annuol (i¢nerd Meeting in every two ar$. The new mknogemenl ¢ommittee m¢mbers arc normlY brief¢d by the Chlliiperson Bnd G¢n¢T Secretary in OTd¢r to f8mili8Ji5¢ themselves with th¢ rules regulation* and responsibilities of the ¢h8rity, The m8Tr&gement Committee me¢t si¥ tllne5 during the yeaT to review the 8¢tivities of the ¢haTty including the appMvd of the annu T¢Wrt Hnd accounts well as bu(IgeQ ¢apit81 expendrturt and to set ou¢ the fund-rllising dat¢ for the charity. The day ts) day WQTk for the charity is oVe¢¢n by the chairrKrson who is r¢sponsible to and reports to the management committee. 'fhe m&n&gemenl ¢ommittee aff aWaTe control these risks. Assessment have s0 been takin8 relating to fwe and hcalth und safety. The management committ¢¢ a]r seriously I{king into other risk ar¢a5 such Ms operational, govern8mc¢ and mplianCe with law and TegulatK>llS. page 2
ORPHAN WELFARE TRUST Trnstees, Annual Report for tbe year ended 30 June 2024 FiTr&Trci¥41 R¢vl¢w: The tNsl¢es consid¢r the financial p¢rforman¢e by the charity during the Ye to have been satisfa¢tory. Reserve PDIICY: It is the policy of the charity that unr¢strioted fund5. which have not en desi8nat¢d for a specific use. should be maintained at a level equiva]¢nt to at le1 three-mtsnth expenditur¢. The Trusleeg consider that regerves at this level will ensure thdt in the event of a signifiLant drop in funding, Ih¢y will be able lo continue the charity& Cuent activitie8 while consideration is given to ways in which additional funds may be raised. Rl$k F¢tors. The TNstees have ¢s5ed the major risk which the charity is exposed. and are salisfied that systems are in pla to mitigaie exposure to the major risks. Independent Ex*mln¢r.' According lo the provision8 of the Charities Act 1993, the Trustees agree that an audit is not requir¢d for this finoncial year, how¢ver due to th¥ provisions of the same 8¢t an Independent Examin¢r is required. Th¢ TNstees agreed to re-ftppoinl Syldon & Co. Accounlonts to carry out Independent Exominer of the acc()unls. page 3
ORPHAN WELFARE TRUST Trustees, Annual Report for the year ended J) June 2024 .Statement of Trwtees, Responsibilitl¢S: The Llkirity'q truste4 are re%ponsible lor Ibe preparaiion ol. the 11 Lcounts in iiccordanLe willi the teiThis ol. the ch.111e% ALI ?{)] l ai]d Ihe Ckni'ities IALL()unl% & RL'p()1lI1 Reguliilii)ILN ?IM)11. N(Xwiih%lcindiiisv Ilie explicit IwiiirL'I'nI in I1 exi4int ¥14ilUlI)I'v re.eiil4ilii)ns. Ilie Ch&ll'itiL% IALL()unl% & RLIK)rts) Regiililtion% ?IKI8. ro prepui-e IhL> finanLidl .stalei1ieiits in iiLc()i'd4inLe wilh (he SORP ?IN)11. in view ()r the f4lLt th411 IhL. SORP ?011.$ hili been wiiluJrJwii. thL Tru%tLLS dL¥ELI'niinLd Iii illlLI'pfLi 11115 rebpuiL%ibiliiy ILS 'quIrIng1 theiii t() lollow Lun'cini bLsI practlLe (ind prLPiire rhL' &l¢L(JuiII% 41Ll¢d1l]iY li? thc FRS I(1? %ORP ?111.f, (u% uiwnded by the. Bullclin i4%uc% in Febrwiry ?l)161, (Tlie SORP). In piirliLuILir. L1141rily law rcqiiiirs ihe triiltees, il. IhLy prep)re Ihc aLL(>unl4 ¢)1) ii¢cfLwI bilSi.S. 10 pp11.e finÈinLi'iI %l(IILi1n14 Ir)r L4iol) IinuiiLial yL&ir w'hi¢li &pive li II'LIL. 14iif VILW (Il. Iho .sldlL' ()I' al'l4iir% Ill- IhL' Lhiiriiy iii iii IIIL. i)Ll (JI-. Ilie IIiiuiiLiiil yoai. 411111 (?I' IliL %Lirpliis ()r dL¥IILiI (Il. Ilic LhJrily. Iii i)repiifii)b? Ih()w IIiiiI.11l siiiloiiKiil% ihe iiu%ices urc rc(iuiird Iri.. l() pirpire ilie ilLLOUI)1s iii ilLL()I'tL.IllLL wiilI IIK GAAP cleLI ¥Liiliihle ULLI)Lllllil)g111)IiLiLb.% iiiiJ iipply I11 ¢i)%i%icittIy iiiiik'L.jiidb)nnl &iiid ¢4liiiki(LTrS Lh&li &iro roJ%()nJble aiid priidciii i)repii'ing Ihe tlnilllLiiil sl(1lLIlI15 un tlw &i()illSl LUl)Lei'i) unle%% il 1% inupproiiriaie io pre%unw Iliul Ilie chui'iiy will Luiiiiiiue in Iiiisi155 liiie wlwiher uppliLuble ilLI()uniiiig Nithiid¢irds bind %141lLiinL)ni (Il, IELoinimended priiLIiLe Imive ILn followed. subject lo iiiiy ii&iiei'iul deil.1t1[EI di¥Llosed and expluiiied in the fin4inciiil %thieineni%: The law requires Ihilt the tru4iee,% mu.%i not llpwove ihe UCLouni% uiileli¥ they nre )ali%fied thut they give li li'u¢ und tiiir vie of the %roie ol. uftuir% of the clinriiy and ol'the %urplu% or deticil of Ihc clwrity for the yethi. Ib) ILI (dl ie) The Tru.siee% ni'e 4i1sn I'e%w)n%ible tol. IlUlinliiinin&i %idequaie ticcoiinting recT)rds which diselose with rea.%oiioble accui'acy at any lili the linMnLilll PYJSilion ol. Ilie chai'ily lil)d whiLh ure .4urriLiLnt to $lW and exploiii the charity's trnn%action% ai]d ethible them tu eii%ure thlll the tinuiicial %lateineThts comply with regulthtion% innde under the Charities Act 2UI l. They are Also lEspol1e lor.sateguording rhe a5t$ of the L.harily llnd heiKe for takin8 It880nable tor the rve1]tIOn and deteLiiun of trllud und other irregularitie5. Tr Trustees are ulso responsible tor the eontenis ot. the Trustee8' Report dnd the.8iiiiuiory responsibility of the Independent F.xaininer in relaiion to ihe TrLisiees' Repoil 18 examining the rewrt kltld ensuring that, on the face or the reFL)rt. there are no maierial iKonsi%ttncie5 Wlth the tigures disclosed iii the finuncial stutents. This reFQrt was approved by ihe biDad ol. tru$iee8 on 31) April 2025 MOhaM£d Ubjl Ali Cli¢iirrei*on page 4
ORPHAN WELFARE TRUST lfjd¢pendent Ex8miner's Report to the Tru$¢¢es Df the chArrity on the accounts for the year end¢d 30 June 2024 We rep)rt on the fin8neial statcmenls ofthe ORPHAN WELFARB TRUST for the year ¢nd 30 June 2023. as set out on PO8es 0-8, which eomprise the Statement of the financial Activities, the Inwme and Expenditure A¢count, the Balance Sheet and th¢ r¢l8ted notes lo the financial statements, in¢luding a summ8ry of significant a¢¢ounting policies. In our opinion. the a¢¢ompanying financial statements of the charity are pr¢p8tEd, in all material Spects, in accordanc¢ with FR,S 102 SORP 2015, l&s amended by the Bulletin issued in February 2016) (The SORPI published by the Charities Commission in bngland & Wol¢s {CCEW}. effeetive January 2016, under the historic ¢osl convention. and in accordance with the a¢counling licies set oul on pages 7, whi¢h framework Conslilutes the opplicable UK GAAP. Rupectlve re8ponslbllltlt8 oftruste¢s exAmlner As dos¢ribed on pa8¢ 21 YOU, the ¢hwiLys trustees ore SponsIble for the prepfiration ot th¢ accounts 'The Tru8t¢es consider that the audit requirement of S¢¢tion 144(1) of Ihe Charities A¢1 2011 (the Act) does nol applyi and that there 18 no requirenknl in the Governing Document lor the conduLlin8 01.gn 8udlt.'I'he 'l'ruste¢y 4lso con8idtr the charlty lo b¢ exempt from th¢ re4uiTem¢nt lo be subject to Independent Ex8mination. Our responsibility is to prepar¢ cOUnt5 upon the basiy of th¢ infornihtion supplied to us, without conduLiing any fom)al Scrutiny, No #t*tement of oplnlon We have not ca1¢d out any audit proeedure¥ and h8ve relied upon infomialion 4upplied io u8 by tho TN%tees, and the inforniation 8upplied by the Trusiees in the cnurse of thc expminalion Is nol 8ubj¥¢l¢d Lo audil tcsts or enquiries, and eonscqu¢nily we do not express un audit or other assurance opinion on the view givcn by th¢ a¢cA)unts. SYLDON & CO ACCOUNTANT,S 333 Strailord Workshops Burl()rd Road lJ)nd(In E15 2%P page 5
ORPHAN WELFARE TRUST Statement of the Financl81 A¢tlvities for the year ended to 30 June 2024 2024 UtyrÉ4trltted Vynd5 2024 Rtitrl¢ted Fundi 2024 Total Funds 2023 Total Funds Incomlng Resources Donations Rweived Other Total Income 28.249 28.249 20,335 5.667 Charity Donations Fundraising A¢tiviti8s Siationcries & PP8 39.479 3,004 202 42.685 39,479 3,004 202 42.685 8,750 1.300 358 10,408 Bank ch[{eS Other L¢gal Expenses Accounlancy f¢¢8 Other Adminislrntive Expenses 827 30 750 343 827 50 750 343 296 750 1,833 N¢1 In¢ominyJlOulgoing) Resources Total Fund brought fon¥ard (16.4051 16,793 116.405) 16.793 14.331 2,462 Tot*1 Fundj C4rrle4J forward 3811 JB8 page 6
ORPHAN WELFARE TRUST Bolance Sheet as at 30 June 2024 2024 2023 Tunbpible As¥et¥ CL+th ai 13oiik 4wd ii) liuiid 18.?y.I Ll Ain¢)uiii% liilliiiki duL) w'iihiii (InLI veiir: I l.l(Xli Net Lurrenl AFets IILlabllltl¢y 16.79. N¢t Awty I ILllllillltlMI UIiiLTr.%irlL1L fujid R¢AriL'ILxI F"uod¥ 10.7Y.I Trfal Fund¥ Muh41mme Chuirmun Llkil Ali AppTOWLd by TrLisILY% on: 30 April 2n25 page 7
ORPHAN WELFARE TRUST Financlal Statements for the year ended 30 June 2024 AccounilDg pollcies {A) Bas1$ ofaccountlng Th¢ &ccounl$ have been prep8red on the a¢¢rual b15, under the historicul ¢osl convention, and in a¢cor(lan¢¢ with the Financial Reposting Stgndard 102. (effective l January 201618nd @FRS 102 SORP 2015 l&s 8rnended by th¢ Bull¢tin issued in FebNary 2016), (the SORP), published by the Chllrity Commission in England & Wales (CCEW), effectiv¢ January 2016. and in ac¢ord8nce with 1 applicable law in the eharity¥a jurisdiction of regislTalion, exempt that thc charity hos ppared the finfjncial statements in ac¢ordan¢¢ with the FRS 102 SORP {&s umended by the Bulletin issued in February 2016), (the SORP), in preference to the previous SORP, th¢ SORP 2005. whiLh has been wiihdrnwT). notwithstanding the fact that the ¢xtBmt statulory regulations. the Charities (A¢¢ounts & R¢port) Re8ulalions 2008 refer explicitly to the SORP 2005. 'fhis his beLn don¢ to accordanc¢ wilh current Ixsl pracliee. {b> Rlskj and thtmre ImPtIonS The charity is & public benefit entity. (e) Ineomlng Re50urees All incoming resourc¢s ar¢ included in the St8tement ot. r4in8nci81 Activities ond received during th¢ y¢ar. Voluntary incomes are all grants and donation which are re¢¢ived In thls financial yur. Resources ¢xpended are reoogni8ed in Ihe Statement of Financial Activiti¢5 which are Incurred durin8 this flnancial yeor, Governance costs include those costs &ssocialed with meeting the wnslitutional and ststutory rcqulrement8 of the Charity, Cash it bank and In hand 2024 2023 Cash Bank 2,138 2,138 18.293 18,293 Bank Other creditor 1,750 1,500 pa8e 8