Charity number: 1127233
Muin Welfare Trust
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2021
Muin Welfare Trust Contents Page For the year ended 31 March 2021
| Report ofthe Trustees | 4 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 tog |
| DetailedStatementofFinancialActivities | 10 |
Muin Welfare Trust Independent Examiners Report to the Trustees For the year ended 31 March 2021
| report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
| report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners statement
| have completed my examination. | confirm that no 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 Charity as required by section 130 of the 2011 Act; or
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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.
| 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.
Jawaid Yakoob FCA (8462707)
Sigma Chartered Accountants
862-864 Washwood Heath Road
Washwood Heath
Birmingham B8 2NG
21 June 2021
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Muin Welfare Trust Report of the Trustees For the year ended 31 March 2021
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2021. 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The trustees have considered the Charity Commision's guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)’. REFERENCE AND ADMINISTRATIVE INFORMATION Name of Charity Muin Welfare Trust Charity registration number 1127233 Principal address 30 Fernley Road Birmingham B11 3NS Trustees The trustees and officers serving during the year and since the year end were as follows: Zaheer Mahmood Gulam Rabbani Ahmed Omer Independent examiners Sigma Chartered Accountants 862-864 Washwood Heath Road Washwood Heath Birmingham B8 2NG Approved by the Board of Trustees and signed on its behalf by ia pemEn aoe pee ageeeeeneETeenesnemwonmeenencummunencemematitrnesewesens 21 June 2021 Gulam Rabbani
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Muin Welfare Trust Statement of Financial Activities For the year ended 31 March 2021
| Notes | Unrestricted | 2020 | |
|---|---|---|---|
| funds | |||
| £ | £ | ||
| Income and endowments from: | |||
| Donations and legacies | 2 | 115,950 | 37,431 |
| Total | 115,950 | 37,431 | |
| Expenditure on: | |||
| Charitable activities | 3/4 | (114,647) | (101,075) |
| Total | (114,647) | (101,075) | |
| Net income/expenditure | 1,303 | (63,644) | |
| Reconciliation of funds | |||
| Total funds brought forward | 49,944 | 113,588 | |
| Totalfundscarriedforward | 51,247 | 49,944 |
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Muin Welfare Trust Statement of Financial Position As at 31 March 2021
| Notes | 2021 | 2020 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 9 | 2,159 | 3,239 |
| 2,159 | 3,239 | ||
| Current assets | |||
| Debtors | 10 | 8,000 | 36,240 |
| Cash at bank and in hand | 35,318 | 13,355 | |
| 43,318 | 49,595 | ||
| Creditors: amounts falling due within one year | a | (1,230) | (890) |
| Net current assets | 42,088 | 48,705 | |
| Total assets less current liabilities | 44,247 | 51,944 | |
| Creditors: amounts falling due after more than one year | 12 | - | (8,000) |
| Provisions for liabilities | 13 | 7,000 | 6,000 |
| Net assets | 81,247 | 49,944 | |
| The funds of the charity | |||
| Unrestricted income funds | 14 | 51,247 | 49,944 |
| Totalfunds | 51,247 | 49,944 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
GulamRabbaissti—‘—s—sSOSSSSSS Trustee
21 June 2021
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Muin Welfare Trust Notes to the Financial Statements For the year ended 31 March 2021
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.
Muin Welfare Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
In preparing these financial statements genearlly accepted accounting practice requires that the trustees prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.
2. Income from donations and legacies
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Unrestricted funds | ||
| Donations received | 103,785 | 32,006 |
| Legacies received | - | 610 |
| Subscriptions received | 12,165 | 4,815 |
| 115,950 | 37,431 |
3. Costs of charitable activities by fund type
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Unrestricted funds | ||
| Project Costs | 108,431 | 95,320 |
| Support costs | 6,216 | 5,755 |
| 114,647 | 101,075 |
4. Costs of charitable activities by activity type
| Activities | Support | 2021 | 2020 | |
|---|---|---|---|---|
| undertaken | costs | |||
| directly | ||||
| £ | £ | £ | £ | |
| Support costs | ||||
| ProjectCosts | 108,431 | 6,216 | 114,647 | 101,075 |
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Muin Welfare Trust
Notes to the Financial Statements Continued For the year ended 31 March 2021
5. Analysis of support costs
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Project Costs | |||
| Management | 2,880 | 3,630 | |
| Governance costs | 3,336 | 2;:125 | |
| 6,216 | 5,755 | ||
| 6. | Net income/(expenditure) for the year | ||
| This is stated after charging/(crediting): | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Depreciation ofowned fixed assets | 1,080 | 1,080 | |
| Accountancy fees | 1,230 | 500 | |
| 7. | Staff costs and emoluments | ||
| Total staff costs for the year ended 31 March 2021 were: | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Salaries and wages | 1,800 | 2,400 | |
| 1,800 | 2,400 |
6. Net income/(expenditure) for the year
8. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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Muin Welfare Trust Notes to the Financial Statements Continued For the year ended 31 March 2021
9. Tangible fixed assets
| Plant and | ||
|---|---|---|
| Cost or valuation | Machinery | |
| £ | ||
| At 01 April 2020 | 5,399 | |
| At 31 March 2021 | 5,399 | |
| Depreciation | ||
| At 01 April 2020 | 2,160 | |
| Charge for year | 1,080 | |
| At 31 March 2021 | 3,240 | |
| Net book values | ||
| At 31 March 2021 | 2,159 | |
| At 31 March 2020 | 3,239 | |
| Debtors | ||
| 2021 | 2020 | |
| £ | £ | |
| Amounts due after more than one year: | ||
| Other debtors | 8,000 | 36,240 |
| 8,000 | 36,240 | |
| Creditors: amounts falling due within one year | ||
| 2021 | 2020 | |
| £ | £ | |
| Other creditors | 1,230 | 890 |
| 1,230 | B90 | |
| Creditors: amounts falling due after more than one year | ||
| 2021 | 2020 | |
| £ | £ | |
| Loans and overdrafts | - | 8,000 |
| - | 8,000 |
10. Debtors
11. Creditors: amounts falling due within one year
12. Creditors: amounts falling due after more than one year
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Muin Welfare Trust Notes to the Financial Statements Continued For the year ended 31 March 2021
13. Provisions for liabilities and charges
| Provision 3 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| £ | |||||||||
| Charged to Statement of | - | ||||||||
| Financial Activities | |||||||||
| Provision at 31 March 2021 | = | ||||||||
| 14. | Movement in funds | ||||||||
| Unrestricted Funds | |||||||||
| Balance | at | Incoming | Outgoing | Balance at | |||||
| 01/04/2020 | resources | resources | 31/03/2021 | ||||||
| £ | £ | £ | £ | ||||||
| General | |||||||||
| General | 49,944 | 115,950 | (114,647) | 51,247 | |||||
| 49,944 | 115,950 | (114,647) | 51,247 | ||||||
| Unrestricted Funds - Previous year | |||||||||
| Balance | at | Incoming | Outgoing | Balance at | |||||
| 01/04/2019 | resources | resources | 31/03/2020 | ||||||
| £ | £ | £ | £ | ||||||
| General | |||||||||
| General | 113,588 | 37,431 | (101,075) | 49,944 | |||||
| 113,588 | 37,431 | (101,075) | 49,944 | ||||||
| Purpose of unrestricted Funds | |||||||||
| General | |||||||||
| General Funds are unrestricted funds which have not been earmarked and may be used generally to further | the | ||||||||
| charities objects. | |||||||||
| 15. | Analysis of net assets between funds | ||||||||
| Tangible | Netcurrent | Creditors > | Provisions | NetAssets | |||||
| fixed assets | assets | / | one year | ||||||
| (liabilities) | |||||||||
| £ | £ | £ | £ | a | |||||
| Unrestricted funds | |||||||||
| General | |||||||||
| General | 2,159 | 42,088 | - | 7,000 | 51,247 | ||||
| . | |||||||||
| 2,159 | 42,088 | - | 7,000 | 51,247 |
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Muin Welfare Trust Notes to the Financial Statements Continued For the year ended 31 March 2021
Previous year
| Tangible | Netcurrent | Creditors > | Provisions | NetAssets | |||
|---|---|---|---|---|---|---|---|
| fixed assets | assets / | one year | |||||
| (liabilities) | |||||||
| £ | £ | £ | £ | £ | |||
| Unrestricted | funds | ||||||
| General | |||||||
| General | 3,239 | 48,705 | (8,000) | 6,000 | 49,944 | ||
| . | |||||||
| 3,239 | 48,705 | (8,000) | 6,000 | 49,944 |
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Muin Welfare Trust Detailed Statement of Financial Activities For the year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENT | ||
| Donations and legacies | ||
| Donations | 103,785 | 32,006 |
| Legacies | - | 610 |
| Subscriptions | 12,165 | 4,815 |
| 115,950 | 37,431 | |
| Total incoming resources | 115,950 | 37,431 |
| EXPENDITURE | ||
| Charitable activities | ||
| Cost of direct charitable activity | (108,431) | (95,320) |
| (108,431) | (95,320) | |
| SUPPORT COSTS | ||
| Management | ||
| Management | (2,880) | (3,630) |
| (2,880) | (3,630) | |
| Governance costs | ||
| Governance costs | (3,336) | (2,125) |
| (3,336) | (2,125) | |
| Total resources expended | (414,647) | (101,075) |
| NetIncome | 4,303 | (63,644) |
10 of 10 This page does not form part of the statutory financial statements
forTrustees’the period:/ annual report
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Objectives and Activities
SORP reference Summary of the purposes of the Para 1.17 PROVISION AND FUNDING OF CHARITABLE charity as set out in its governin SERVICES AND CAUSES To THOSE IN document eee NR E STED OFINTHEBANGLADESHWORLD. AND THE Summary of the main activities Para 117 and =|EDUCATION, TRAINING, in relation to those purposes for 1.19 ADVANCEMENT OFa the public benefit, in particular PREVENTION OF PovERT the activities,sa projects. or services. AID FAMINE/a DISASTER RELIEF identified in the accounts. Statement confirming whether the | Para 1.18 TRUSTEES CONFIRM HAVING trustees have had regard to the HAD REGARD TO GUIDANCE guidance issued by the Charity ON PUBLIC BENEFIT Commission on public benefit
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Policy on grant making Para 1.38 Policy on social investment including | Para 1.38 program related investment — ee ee ee ee
Charity Accounts templates - Trustees’ annual report for the period
October 2016
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Achievements and Performance
| SORP | |||
|---|---|---|---|
| reference | |||
| Summary of the main achievements | |||
| of the charity, identifying the | (NETROKONA) COMRROMISING OF OVER | ||
| : st difference the charity S$work has made to the circumstances of its beneficiaries and any wider benefits |
(OO NEIGHBOURING VILLAGES, THERE WERE looy.ilLITEgAcy BUT THANES To Ove EFFORTS 1007 OF SCHOOL AGE CHILDREN ARE IN |
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EDUCATION AWD SECURING EMPLOYMENT. MUIN WEFRRE TRUST MAICES E0UCATIO A PRIORITY AMONG ITS LowGTERM AND DEVELOPMENIT-BASED EFORTS. PROGRAM ARE AIMED AT BOTA ADULTS AND GHtP CHILOREN AND INCLUDE BUiLOPING AND EQUIPPING ScHOOlS, OFFERIWG UTERACY |
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| CLASSES AMD TRAIMING TEACHERS. MAN OF THE EPULATION PROJECTS TARGET IMPOVERISTIED WOMEN AND YouunG GieLS, HELPINGTHEM@REAK FREE Fou POVERTY |
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| Additional information (optional) | |||
| You may choose to include further statements where | relevant about: | ||
| SORP | |||
| reference | |||
| Achievementsagainst objectivesset | Performance of fundraising activities |
Para1.41 |
|
| against objectives set | |||
| Investment performance against objectives |
Para 1.41 | ||
| a | a | ee |
Charity Accounts templates - Trustees’ annual report for the period
October 2076
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Financial Review
SORP reference Review of the charity's financial Para 1.21 position at the end of the period Statement explaining the policy for | Para 1.22 To FUND ON GOING AND NEW holding reserves stating why they PROJECTS are held Reasons for holding zero reserves Para 1.22 ee Explanation of any uncertainties Pata 1.23 about the charity continuing as a going concern
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference The charity’s principal sources of Para 1.47 funds (including any fundraising) Investment policy and objectives Para 1.46 including any social investment policy adopted A description of the principal risks | Para 1.46 facing the charity ws
Charity Accounts templates - Trustees’ annual report for the period
October 2016
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Structure, Governance and Management
|Description of charity’s trusts:||SORP
reference|Pee. Ieee Pee
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07/05/2007|
|---|---|---|
|Type of governing document|Para 1.25||
|How is the charity constituted?|Para 1.25|TRUST DEECO DATED 07/06/2007|
|||REGISTERED WITH THE CHARITY|
|{e.g unincorporated association, ClO)||COMMISSION|
|Trustee selection methods including
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|trustees||By
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Additional information (optional)
You may choose to include further statements where relevant about:
| SORP | |
|---|---|
| reference | |
| Policies and procedures adopted for | |
| the induction and training of trustees | |
| The charity’s organisational structure | |
| and any wider network with which | |
| the charity works | |
| Relationship withanyrelatedparties | ~ |
Charity Accounts templates - Trustees’ annual report for the period
October 2016
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GS Cle Charity’s ST principal address 30 PERNLEY ROAD BIRNINGHAN EE Names of the charity trustees who manage the charity 1 a—Trustee name eeOffice (if any) Dateswhole acted year if not for Namebody) entitled toof persona(orappoint | lGuamengeani |cHamman | | 2 |anme omer |secretaay | 3 aaneeR wauMcoo | Testes || 4 pO 65 eeee ee ee ee oo 2 es ee ee i m2eeooee ee i i i i "7 ee ee ¢ eees a Chasity Accounts templates - Trustees’ annual report for the period October 20146
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(cont)
Reference and Administrative details
Corporate trustees - names of the directors at the date the report was approved Directorname |t—~—SSCSCisdY
Name of trustees holding title to property belonging to the charity
| Trustee | name | Dates | acted | if not for whole |
|---|---|---|---|---|
| year |
Charity Accounts templates - Trustees’ annual report for the period
October 2016
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Funds held as custodian trustees on behalf of others
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|Description|of|the|assets|held|in|this|
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|Name|and|objects|of|the|charity|
|on|whose|behalf|the|assets|are|
|held|and|how|this|falls|within|the|
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|Details|of|arrangements|for|safe|
|custody|and|segregation|of|such|
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Additional information (optional)
Names and addresses of advisers (Optional information)
Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Charity Accounts templates - Trustees’ annual report for the period
Gciober 27076
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Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity's trustees eo Position (eg Secretary, chair, ete) | CTIAIE a Date | 07/06 /21 |
Charity Accounts templates - Trustees’ annual report for the period
October 2016