REGISTERED CHARITY NUMBER: 1124481
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 May 2022
for
AN-NOOR WELFARE TRUST (AWT)
ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS
AN-NOOR WELFARE TRUST (AWT)
Contents of the Financial Statements
for the Year Ended 31 May 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
AN-NOOR WELFARE TRUST (AWT)
Report of the Trustees
for the Year Ended 31 May 2022
The trustees present their report with the financial statements of the charity for the year ended 31 May 2022. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
1) The trust will provide better education to the disadvantage people of Bangladesh and will run the teaching class to teach the mother tongue and cultural education to the children in the United Kingdom.
2) The Trust will also provide free education to the children age between 10-16 year and concentrating to increase the age limit and the current number as well.
3) The AWT work for eradication of poverty through international program.
4) The AWT will take necessary measures to distribute free educational materials, books both in Bangladesh and UK
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity continued to collect donations from the members of public. There are continuous commitments from the users and members to support charity's activities.
The charity provides social welfare, worship and educational support to the community and promotes social awareness among Bangladeshi community in UK and Bangladesh.
The charity raised £90,826 donations from Public during the year for ongoing activities and also for various charitable projects. Out of total funds £40,100 was spent for Sahaba Masjid Project, and an amount of £14,500 was spent on providing food, books and tutor costs for poor and orphan children. An amount of £19,702 spent on Hifjul Quran Project.
FINANCIAL REVIEW
The financial statements are set out on pages 4 to 9 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 2015)
The Statement of Financial Activities show net deficit for the year of a revenue nature of £12,769 and net realised incoming resources of a capital nature of £Nil , making net overall deficit of £12,769. The total reserves at the year end after accounting for unrealised (losses) was £33,723.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Page 1
AN-NOOR WELFARE TRUST (AWT)
Report of the Trustees
for the Year Ended 31 May 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational Structure & Governance
AN-Noor Welfare Trust is a UK based registered charity organisation established in 2007 with the aim of helping to eradicate poverty for children and poor people throughout Bangladesh. The organisation currently has 4 Trustee board members. The Trustees are elected and operate in accordance with the Trust Deed and Governing constitution of the charity.
The trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and regulations. The trustees are required to maintain adequate accounting records that disclose with reasonable accuracy the charity's financial transactions. In preparing the financial statements the trustees are required to adopt suitable accounting policies to comply with the Charity Commission Statement of Recommended Practice.
Risk management
The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1124481
Principal address
Flat 5 Flamborough House London SE15 5HZ
Trustees
M Ahmed Chair S Islam F Miah
Independent Examiner
ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS
Approved by order of the board of trustees on 21 February 2023 and signed on its behalf by:
M Ahmed - Trustee
Page 2
Independent Examiner's Report to the Trustees of
AN-NOOR WELFARE TRUST (AWT)
Independent examiner's report to the trustees of AN-NOOR WELFARE TRUST (AWT)
I report to the charity trustees on my examination of the accounts of AN-NOOR WELFARE TRUST (AWT) (the Trust) for the year ended 31 May 2022.
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
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Anwar F Chowdhury FCCA ACCA ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS
21 February 2023
Page 3
AN-NOOR WELFARE TRUST (AWT)
Statement of Financial Activities
for the Year Ended 31 May 2022
Unrestricted RestrictedfundfundsNotes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 90,826 - Investment income 2 169 - Total 90,995 - EXPENDITURE ON Raising funds 15,770 - Charitable activities Education and Yatheem Khana Project 14,500 - UK Education Support Project - - Sahaba Masjid Project 40,100 - Hifzul Quran Project 19,702 - Other 13,692 - Total 103,764 - NET INCOME/(EXPENDITURE) (12,769) - RECONCILIATION OF FUNDS Total funds brought forward 46,142 - TOTAL FUNDS CARRIED FORWARD 33,373 - |
31.5.22Totalfunds£ 90,826 169 90,995 15,770 14,500 - 40,100 19,702 13,692 103,764 (12,769) 46,142 33,373 |
31.5.21Totalfunds£ 173,325 1 173,326 17,589 19,682 6,560 65,602 39,361 26,769 175,563 (2,237) 48,379 46,142 |
|---|---|---|
The notes form part of these financial statements
Page 4
AN-NOOR WELFARE TRUST (AWT)
Balance Sheet
31 May 2022
Unrestricted RestrictedfundfundsNotes £ £ FIXED ASSETS Tangible assets 5 700 - CURRENT ASSETS Debtors 6 5,000 - Cash at bank 28,593 - 33,593 - CREDITORS Amounts falling due within one year 7 (920) - NET CURRENT ASSETS 32,673 - TOTAL ASSETS LESS CURRENT LIABILITIES 33,373 - NET ASSETS 33,373 - FUNDS 8 Unrestricted funds TOTAL FUNDS |
31.5.22Totalfunds£ 700 5,000 28,593 33,593 (920) 32,673 33,373 33,373 33,373 33,373 |
31.5.21Totalfunds£ - - 47,062 47,062 (920) 46,142 46,142 46,142 46,142 46,142 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 21 February 2023 and were signed on its behalf by:
M Ahmed - Trustee
The notes form part of these financial statements
Page 5
AN-NOOR WELFARE TRUST (AWT)
Notes to the Financial Statements
for the Year Ended 31 May 2022
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 income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost
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.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.5.22 | 31.5.21 | |
| £ | £ | |
| Deposit account interest | 169 | 1 |
continued...
Page 6
AN-NOOR WELFARE TRUST (AWT)
Notes to the Financial Statements - continued
for the Year Ended 31 May 2022
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2022 nor for the year ended 31 May 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2022 nor for the year ended 31 May 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restrictedfundfunds£ £ INCOME AND ENDOWMENTS FROM Donations and legacies 173,325 - Investment income 1 - Total 173,326 - EXPENDITURE ON Raising funds 17,589 - Charitable activities Education and Yatheem Khana Project 19,682 - UK Education Support Project 6,560 - Sahaba Masjid Project 65,602 - Hifzul Quran Project 39,361 - Other 26,769 - Total 175,563 - NET INCOME/(EXPENDITURE) (2,237) - RECONCILIATION OF FUNDS Total funds brought forward 48,379 - TOTAL FUNDS CARRIED FORWARD 46,142 - |
Totalfunds£ 173,325 1 173,326 17,589 19,682 6,560 65,602 39,361 26,769 175,563 (2,237) 48,379 46,142 |
|---|---|
continued...
Page 7
AN-NOOR WELFARE TRUST (AWT)
Notes to the Financial Statements - continued
for the Year Ended 31 May 2022
| 5. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
Computer |
||||
equipment |
||||
| £ | ||||
| COST | ||||
| Additions | 1,050 | |||
| DEPRECIATION | ||||
| Charge for year | 350 | |||
| NET BOOK VALUE | ||||
| At 31 May 2022 | 700 | |||
| At 31 May 2021 | - | |||
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.5.22 | 31.5.21 | |||
| £ | £ | |||
| Other debtors | 5,000 | - | ||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.5.22 | 31.5.21 | |||
| £ | £ | |||
| Other creditors | 920 | 920 | ||
| 8. | MOVEMENT IN FUNDS | |||
Net |
||||
movement |
At |
|||
At |
1.6.21 |
in funds |
31.5.22 |
|
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 46,142 | (12,769) | 33,373 | |
| TOTAL FUNDS | 46,142 | (12,769) | 33,373 | |
| Net movement in funds, included in the above are as follows: | ||||
Incoming |
Resources |
Movement |
||
resources |
expended |
in funds |
||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 90,995 | (103,764) | (12,769) | |
| TOTAL FUNDS | 90,995 | (103,764) | (12,769) |
continued...
Page 8
AN-NOOR WELFARE TRUST (AWT)
Notes to the Financial Statements - continued
for the Year Ended 31 May 2022
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net |
|||
|---|---|---|---|
movement |
At |
||
At 1.6.20 |
in funds |
31.5.21 |
|
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 48,379 | (2,237) | 46,142 |
| TOTAL FUNDS | 48,379 | (2,237) | 46,142 |
| Comparative net movement in funds, included in the above are as follows: | |||
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 173,326 | (175,563) | (2,237) |
| TOTAL FUNDS | 173,326 | (175,563) | (2,237) |
A current year 12 months and prior year 12 months combined position is as follows:
Net |
|||
|---|---|---|---|
movement |
At |
||
At 1.6.20 |
in funds |
31.5.22 |
|
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 48,379 | (15,006) | 33,373 |
| TOTAL FUNDS | 48,379 | (15,006) | 33,373 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
IncomingResourcesMovementresourcesexpendedin funds£ £ £ 264,321 (279,327) (15,006) 264,321 (279,327) (15,006) |
IncomingResourcesMovementresourcesexpendedin funds£ £ £ 264,321 (279,327) (15,006) 264,321 (279,327) (15,006) |
|---|---|---|
| (15,006) |
continued...
Page 9
AN-NOOR WELFARE TRUST (AWT)
Notes to the Financial Statements - continued
for the Year Ended 31 May 2022
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2022.
Page 10
AN-NOOR WELFARE TRUST (AWT)
Detailed Statement of Financial Activities
for the Year Ended 31 May 2022
31.5.22£INCOME AND ENDOWMENTS Donations and legacies Donations 90,826 Investment income Deposit account interest 169 Total incoming resources 90,995 EXPENDITURE Other trading activities Casual Staff Salary 15,770 Charitable activities Grants to charitable project 74,302 Support costs Management Telephone 89 Postage and stationery 988 Advertising and event costs 12,901 Travel and subsistence 200 14,178 Finance Sundries (4,000) Bank charges 1,902 Computer equipment 350 (1,748) Other Sundries 662 Governance costs Accountancy and legal fees 600 Total resources expended 103,764 Net expenditure (12,769) |
31.5.21£173,325 1 173,326 17,589 131,205 9 1,714 19,100 250 21,073 4,000 809 - 4,809 167 720 175,563 (2,237) |
|---|---|
This page does not form part of the statutory financial statements
Page 11