;
Charity number: 1127233
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Muin Welfare Trust
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2023
in i. I[a]
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Muin Welfare Trust Contents Page For the year ended 31 March 2023
| Report oftheTrustees | 4 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5to8 |
| DetailedStatementofFinancialActivities | 9 |
, :
Muin Welfare Trust Report of the Trustees For the year ended 31 March 2023
The Trustees have pleasure in presenting ther report and the financiai statements for the charity for the year ended 31 March 2023 The Trustees have adopted the provisions of Accounting and Reporting by Charities Statement of Recommended Practice apphcable to charities preparing thei accounts in accordance with the Financa! Reporting Standard applicable in the UK and the Republic of treland (FRS 102) (effective 1 January 2019) OBJECTIVES AND ACTIVITIES Objectives and aims The trustees have considered the Chanty Commuision's guidance on public benefil, including the guidance ‘public benefit tunning a charity (PB2)’ REFERENCE AND ADMINISTRATIVE INFORMATION Name of Charity Muin Welfare Trust Charity registration number 41127233 Principal address 30 Femley Road Birmingham B113NS Trustees The trustees and officers serving dunng the year and since the year end were as follows Zaheer Mahmood Gulam Rabbant Ahmed Omer Independent examiners Sigma Chartered Accountants : ; 862-864 Washwood Heath Road Washwood Heath Birmingham BB 2NG
Approved by the Board of Trustees and signed on its behalf by
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(SS
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27 October 2023
Gulam Rabbani
Tofg
Muin Welfare Trust Independent Examiners Report to the Trustees For the year ended 31 March 2023
| report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2023
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 Chartres 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.
1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 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 ts not a matter considered as part of an independent examination
| have no concems 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
Ab— Jawaid Yakoob FCA (8462707)
Sigma Chartered Accountants
862-864 Washwood Heath Road
Washwood Heath
Birmingham
B&8 2NG
27 October 2023
2o0f9
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Muin Welfare Trust Statement of Financial Activities For the year ended 31 March 2023
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|||||||
|---|---|---|---|---|---|
|Notes|Unrestricted|2022|
|funds|
|£|£|
|Income|and|endowments from:|
|Donations|and|legacies|2|127,758oe|127,165|
|Total|427,758|127,165|
|Expenditure|on:|
|Charitable|activities|3/4|(91,326)|4 05,328)|
|Total|(91,326)|(105,328)|
|Net income|36,432|21,837|
|Reconcillation|of funds|
|Total funds brought forward|73,084|ae|51.247|
|Total funds|carried|forward|109,516|73,084|
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30f9
Muin Welfare Trust
Statement of Financial Position As at 31 March 2023
| Notes | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 9 | 538 | 1,798 |
| Oo | |||
| 638 | 1,798 | ||
| Current assets | |||
| Debtors | 10 | 47,500 | 44 000 |
| Cash atbankand in hand | 79548 | 44,831 | |
| 127,048 | 88,831 | ||
| Creditors: amounts falling due within oneyear | 11 | (18,070) | (17,545) |
| Net current assets | 108,978 | 71,286 | |
| Total assets less current liabilities | 109,616 | 73,084 | |
| Netassets | 409,516 | _73,084 | |
| The funds ofthe charity | |||
| Unrestricted income funds | 12 | 109,516 | 73,084 |
| Totalfunds | 109,516 | 73,084 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by Ys
Trustee
27 October 2023
40f9
Muin Welfare Trust Notes to the Financial Statements For the year ended 31 March 2023
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the histoncal cost convention, except for investments which are included at markel value and the revaluation of certain fixed assets and in accordance with the Chanttes SORP (FRS 102) ‘Accounting and Reporting by Charities. Statement of Recommended Practice applicable to chantes preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repubkec 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 banefit entty under FRS 102 Assets and habiltres are intially recognised at histcrical cost or transaction value unless otherwise stated in the relevant accounting policy note(s)
Going concem
In preparing these financial statements genearlly accepted accounting praclice requires that the trustees prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue its activities
2. Income from donations and legacies
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||||||||
|---|---|---|---|---|---|---|
|2023|2022|
|£|£|
|Unrestricted|funds|
|Donations|received|99,505|101,772|
|Subscriptions|recetved|28,253|25,393|
|427,768|—=-127,165|
|Costs|of|charitable|activities|by|fund|type|
|2023|2022|
|£|£|
|Unrestricted|funds|
|Project|Costs|72,087|97,127|
|Suppor|costs|19.239|8.201|
|94,326|105,328|
|Costs|of charitable charitable|activities|by|activity|type|
|Activitles|Support|2023|2022|
|undertaken|costs|
|directly|
|£|E|£|£|
|Support|costs|
|Project|Costs|72,087|19.239|91.326|105.328|
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3. Costs of charitable activities by fund type
4, Costs of charitable charitable activities by activity type
§ofg9
Muin Welfare Trust
Notes to the Financial Statements Continued For the year ended 31 March 2023
5. Analysis of support costs
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Project Costs | |||
| Management | 16,332 | 4,755 | |
| IT | - | 250 | |
| Governancecosts | 2,907 | 3,196 | |
| "49,239 | 8,204 | ||
| 6. | Net income/(expenditure) for the year | ||
| This is stated after charging/{crediting) | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Depreciation ofowned fixed assets | 1,260 | 1,260 | |
| Accountancy fees | 1,641 | 1,152 | |
| 7. | Staff costs and emoluments | ||
| Total staffcosts for the yearended 31 March 2023 were: | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Salanes and wages | 14,072 | 1,695 | |
| 44,072 | 1,695 | ||
| 2023 | 2022 | ||
| Adminstration | 2 | 1 |
8. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds
6otg
Muin Welfare Trust Notes to the Financial Statements Continued For the year ended 31 March 2023
| %. Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Plant and | |||||
| Cost or valuation | Machinery | ||||
| £ | |||||
| At01 Api 2022 | 6.298 | ||||
| At 31 March 2023 | 6,298 | ||||
| Depreciation | |||||
| At 01 April 2022 | 4,500 | ||||
| Charge foryear | 1,260 | ||||
| At 31 March 2023 | ; | 5,760 | |||
| Net book values | |||||
| At 31 March 2023 | §38 | ||||
| At 31 March 2022 | 1,798 | ||||
| 10. Debtors | |||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Amounts due aftermore than one year: | |||||
| Other debtors | 47,500 | 44,000 | |||
| 11. Creditors: amounts falling due within one year | |||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Other creditors | 18,070 | 17,545 | |||
| 18,070 | «47,585 | ||||
| 12. Movement in funds | |||||
| Unrestricted Funds | |||||
| Balance al | Incoming | Outgoing | Balance at | ||
| 01/04/2022 | resources | resources | 31/03/2023 | ||
| E | £ | £ | £ | ||
| General | |||||
| General | 73,084 | 127,758 | (91326) | 109,516 | |
| 73,084 | 127,768 | (91,326) | 109,516 |
7af9
Muin Welfare Trust
Notes to the Financial Statements Continued For the year ended 31 March 2023
Unrestricted Funds - Previous year
| Balance at | Incoming | Outgoing | Balance at | ||
|---|---|---|---|---|---|
| 04/04/2021 | resources | resources | 31/03/2022 | ||
| E | E | £ | £ | ||
| General | |||||
| General | 51,247 | 127,165 | (105,328) | 73.084 | |
| 84,247 | 127,466 | «=—«(105,328) | «= | 3,084 |
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
13. Analysis of net assets between funds
| Tangible | Netcurrent | NetAssets | |
|---|---|---|---|
| fixed assets | assets/ | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| General | 538 | 108,978 | 109,516 |
| 638 | =~ 108,978 | +=109,516 | |
| Previous year | |||
| Tangible | Netcurrent | NetAssots | |
| fixed assots | assets / | ||
| (Nabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| General | 1,798 | 71,286 | 73,084 |
Bold
Muin Welfare Trust Detailed Statement of Financial Activities For the year ended 31 March 2023
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||||||
|---|---|---|---|---|
|2023|2022|
|£|£|
|INCOME|AND|ENDOWMENT|
|Donations|and|legacies|
|Donations|99,505|101,772|
|Subscriptions|28,253|25|393|
|427,758|127,165|
|Total|incoming|resources|127,758|127,165|
|EXPENDITURE|
|Charitable|activities|
|Cost|of direct chantable|activity|(72,087)|(97.127)|
|-|
|(72,087)|(97,127)|
|SUPPORT COSTS|
|Management|
|Management|(16.332)|(4.755)|
|(16,332)|(4,755)|
|IT|
|IT|-|(250)|
|-|(250)|
|Governance|costs|
|Governance|costs|(2,907)|(3.196)|
|(2,907)|(3,196)|
|Total|resources|expended|(91,326)|(105,328)|
|Net Income|36,432|"24,837|
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9of9 This oane does nav farm nart af the slatulary financial statemante
!
a"y| CHARITY COMMISSION FOR ENGLAND AND WALES
Trustees’ Annual Report for the period
From o1/o4/22 Period start date To 31 /o3/23
Period end date
Charity name: MUIN WELFARE TRUST
Charity registration number: 4127233
Objectives and Activities
| Objectives and Activities | Objectives and Activities | Objectives and Activities | Objectives and Activities |
|---|---|---|---|
| 80 rc Summary ofthe purposes of Para 1.17 PROVISION AND FunDING OF CHARITABLE the charityas setout in its SERVICES AND CAUSES TO Triose IN governing document NEEDby BANGLADESH AND THE RE |
|||
| Summaryofthemain activities in relation tothose |
purposes forthe public benefit, in particular, the activities, projects or |
ae1.17 © |
1.17and |
| services identified in the | |||
| accounts. | |||
| Statementconfirming | Para | 1.18 | TRUSTEES CONFIRM HAVING HAD |
| whether the trustees have | REGARD To GVONNCE on | ||
| had regard tothe guidance issuedbytheCharity |
2 et PUBLIC ENEFIT. |
||
| Commission on public | |||
| benefit |
| Additional information (optional) | Additional information (optional) |
|---|---|
| You may choose to include further statements where relevant about: Pf SP terencoTO |
|
| Para 1.38 | |
| . Policy on grant making |
|
| Para 1.38 | |
| ; a. Policyon social investment |
|
| including program | related |
| investment | |
| Para 1.38 | |
| . : Contribution made |
by |
| volunteers |
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Other
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Achievements and Performance
| 0 | 0 | 0 |
|---|---|---|
| IN A VAST AREA IN BANGLADESH, | ||
| INETROKONA) COMPROMISING OF | ||
| OVER 100 NEIGHBOURING VILLAGES | ||
| Summary of themain achievements of the charity, |
Para 1.20 ; |
THERE WERE 400% iuITERACY BUT THANKS TO our EFFORTS L007 OF |
| identifying the difference the charity's work hasmade to thecircumstances ofits beneficiaries and anywider : benefits tosocietyas a whole. |
SCHOOL AGE CHILOREN ARE IN EDUCATION AND SECURLA)G EMPLOYMENT, Muin WELFARETRUST MAKES EOUCATION A PRIORITY AMONG ITS LONG TERM AND DEVELOPEMENT BASED EFFORTS PROGRAMMES AZE AIMED AT BOTH AOULTS AND CHILOREN AND INCLUDE |
|
| BviLOING AND EUUIPPING-SCHOOLS, | ||
| OFFERING LITERACY CLASSES ANDO TRAINING TEACHERS. miawy oF THE EOVCATION PROJECTS TARGET impovATeD |
||
| WOMEN AND YOUNG GIRLS HELPING THEM | ||
| BREAK FREE FRora Poverty AND ENSURING STAGIITY FoR GENERATIONS To Comé OVR RECENT PROTECTS tnicCLupe |
||
| Buicpinee HOusts ANDSHELTERS FOR |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against | Para 1.41 |
|---|---|
| objectives set | |
| Performance of fundraising activities againstobjectives |
|
| set | |
| Investment performance | Para 1.41 |
| against objectives | |
| a | ee |
“ORPHANS AND THE NEEDY ENSURING THEY HAVE A PLACC TO STAY.
Financial Review
| Review ofthe charity's | Para 1.21 | ||
|---|---|---|---|
| financial position at the end | |||
| of the period | |||
| Statement explaining the | Pata 1.22 | To FuNVO ONGOING AND | |
| policy forholding reserves NEW pR Stating why they are heid PROJECTS Amountofreservesheld [PestSOSCSCSCSCSCSSSSSC*' Reasons for holding zero Para 1.22 |
|||
| reserves | |||
| Details offund materially in deficit |
Para 1.24 | ||
| Explanation ofany | Pata 1.23 | ||
| uncertainties about the | |||
| charity continuing as a going | |||
| concern | |||
| Additional information (optional) | |||
| You may choose to include further statements |
where relevant about: | ||
| The charity's principal sources offunds (including |
Para 1.47 | ||
| any fundraising) | |||
| investment policy and | |||
| objectives including any | Para 146 | ||
| social investment policy | |||
| adopted | |||
| A description ofthe principal | Para 1.46 | ||
| risks facing the charity | |||
| Other |
.
Structure, Governance and Management
| Description of charity's trusts: |
AS PER TRUST DEED DATED 074/05/100% |
|---|---|
| Type ofgoverning document (tiist feed foval charter} |
TRUST DEED |
| How is the charity constituted? (© 9 ubincorpo: ated association CIO; |
TRUST DEED DATED 07/05/1007 REGISTERED WITH THE CHARITY Commission. |
| Trustee selection methods | Pare 1.25 |
| including details ofany constitutional provisions e.g. election topostr mameof looPoint oneoeoe PP trustees |
PROVISIUNS OF TRUST DEED ANDO HAVinG REGARD To THE INDIVIDUALS SKILLS, KNOWLEDGE, QUALIFICATIONS To BEST BA/ERTH THE CHARITY APPOINTMENT IS BY TRUSTEES |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures | |
|---|---|
| adopted for the induction | Para 1.51 |
| and training of trustees | |
| The charity's organisational | |
| structureand any wider | Para 1.51 |
| network with which the | |
| charity works | |
| Relationship with any related | |
| parties | |
| mw |
Reference and Administrative details
| MUIN WELFARE TRUST | |||
|---|---|---|---|
| Other name the charity | uses | ||
| Registered charity | number | 4127233 | |
| Charity’s principal | address | bo FERNLEY RoAp |
|
| BIRMINGHAM | |||
| Br SNS |
Names of the charity trustees who manage the charity
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Corporate trustees — names of the directors at the date the report was approved
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Name of trustees holding litle to property belonging to the charity
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Trustee name Dates acted ifnotforwholayear| CSC~C“—~SCS
————
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Funds held as custodian trustees on behalf of others
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|---|---|---|---|---|---|
|Description|of|the|assets|
|held|in|this|capacity|
|Name|and|objects|of|the|
|charity|on|whose|behalf|the|
|assets|are|held|and|how|this|
|fails|within|the|custodian|
|Charity’s|objects|
|Details|of arrangements|for|
|safe|custody and|
|segregation|of such|assets|
|from|the|charity's|own|
|assets|
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Additional information (optional)
Names and addresses of advisers (Optional information)
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|---|---|---|---|---|---|---|---|---|
|Type|of|Name|Address|
|adviser|
|Name|of chief executive|or|names|of|senior|staff members|(Optional|information)|
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Exemptions from disclosure
Reason for non-disclosure of key- details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)T&S f[ Full name(s) Guam raga |
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