Docusign Envelope ID: D328B67A-6B56-42DA-A754-0B211B1BF665 Charity number: 1127907 ## **ZAYTUN WELFARE TRUST UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023** **Prepared By:** Amex Associates Limited Chartered Certified Accountants & Statutory Auditors 1st Floor 144-146 East Barnet Road Barnet EN4 8RD Docusign Envelope ID: D328B67A-6B56-42DA-A754-0B211B1BF665 ## **ZAYTUN WELFARE TRUST** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **TRUSTEES** Mohammad A MAZID Mohammad A B MOZID Rabia T MOZID Monwara KHANOM Ponki MIAH ## **REGISTERED OFFICE** 9 Hermit Street London EC1V 7NR ## **CHARITY NUMBER** 1127907 ## **BANKERS** HSBC Bank Plc, Barclays Bank Plc ## **ACCOUNTANTS** Amex Associates Limited Chartered Certified Accountants & Statutory Auditors 1st Floor 144-146 East Barnet Road Barnet EN4 8RD page 1 Docusign Envelope ID: D328B67A-6B56-42DA-A754-0B211B1BF665 ## **ZAYTUN WELFARE TRUST** ## **ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023** |**CONTENTS**|| |---|---| ||Page| |Report of the Trustees|3| |Independent Examiner's Statement|5| |Statement of Financial Activities|7| |Balance Sheet|8| |Notes to the Accounts|9 to10| |Detailed Statement of Financial Activities|11| page 2 Docusign Envelope ID: D328B67A-6B56-42DA-A754-0B211B1BF665 ## **ZAYTUN WELFARE TRUST** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** ## **TRUSTEES' REPORT** ## **INTRODUCTION** The trustees present their report and accounts for the year ended 31 December 2023 The board of trustees are satisfied with the performance of the charity during the year and the position at year and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations. ## **NAME REGISTERED OFFICE AND CONSTITUTION OF THE CHARITY** The full name of the charity is Zaytun Welfare Trust. Date of formation 20 January 2009 The Registered Office is 9 Hermit Street, London EC1V 7NR Charity Registration Number 1127907 The telephone number is 020 7683 1706 ## **THE CONTRIBUTION OF VOLUNTEERS** The charity has drawn upon the pool of volunteers without whom the level of work that we undertake would be significantly less. ## **SUMMARY OF MAIN ACTIVITIES OF THE CHARITY IN RELATION TO ITS OBJECTS** Zaytun Welfare Trust was constituted under the governing document dated 20 January 2009. The objectives of Zaytun Welfare Trust are relief of financial hardship in Bangladesh and other objectives as the trustees shall determine. The charity operates on a non-profitable basis. ## **RISK MANAGEMENT** The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that the systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. ## **FINANCIAL REVIEW** The trustees are satisfied with the performance of the charity during the year and believe that funds are available and adequate to fulfil its obligations. The trustees have concentrated on strengthening and improving the services by providing funds for the relief of financial hardship in Bangladesh and other parts of the world. page 3 Docusign Envelope ID: D328B67A-6B56-42DA-A754-0B211B1BF665 ## **ZAYTUN WELFARE TRUST** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** ## **TRUSTEES' REPORT** ## **RESPONSIBILITIES OF THE TRUSTEES** The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: • Select suitable accounting policies and then apply them consistently; • Observe the methods and principles in the Charities SORP; • Make judgements and estimates that are reasonable and prudent; • State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and • Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charities SORP. The trustees 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. ## **INDEPENDENT EXAMINER** Amex Associates Limited has been re-appointed as independent examiner for the ensuing year. 22 July 2024 This report was approved by the Board of Trustees on ...................................................... and signed on their behalf by: ............................................... Mohammad A MAZID Trustee page 4 Docusign Envelope ID: D328B67A-6B56-42DA-A754-0B211B1BF665 ## **ZAYTUN WELFARE TRUST** ## **INDEPENDENT EXAMINER'S STATEMENT** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ZAYTUN WELFARE TRUST** We report on the accounts of the charity for the year ended 31 December 2023 . ## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER** The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied ourselves that the charity is not subject to an audit and is eligible for independent examination, it is our responsibility to: - examine the accounts under section 145 of the 2011 Act; - follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - state whether particular matters have come to our attention. ## **BASIS OF INDEPENDENT EXAMINERS STATEMENT** Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. page 5 Docusign Envelope ID: D328B67A-6B56-42DA-A754-0B211B1BF665 ## **ZAYTUN WELFARE TRUST** **INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023** ## **INDEPENDENT EXAMINERS STATEMENT** In connection with our examination, no matter has come to our attention: (1) which gives us reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of 2011 Act and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. .............................................................. B Alvi (Senior Statutory Auditor) for and on behalf of Amex Associates Limited Chartered Certified Accountants & Statutory Auditors 1st Floor 144-146 East Barnet Road Barnet EN4 8RD Date: .................................................................. 22 July 2024 page 6 Docusign Envelope ID: D328B67A-6B56-42DA-A754-0B211B1BF665 ## **ZAYTUN WELFARE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** |**Income**
Income from generated funds
Donations and legacies
**Total Income and endowments**
**Expenses**
Costs of generating funds
Expenditure on Charitable activities
**Total Expenses**
**Net gains on investments**
**Net Income**
**Gains/(losses) on revaluation of fixed assests**
**Net movement in funds:**
**Net income for the year**
Total funds brought forward
**Net funds carried forward**|**Unrestricted**
**funds**
**£**
184,019
**184,019**
179,879
**179,879**
**4,140**
**4,140**
48,313
**52,453**|**Restricted**
**funds**
**£**
-
**-**
-
**-**
**-**
**-**
-
**-**|**2023**
**Total**
**£**
184,019
**184,019**
179,879
**179,879**
**4,140**
**4,140**
48,313
**52,453**|_2022_
_Total_
_£_
_388,834_| |---|---|---|---|---| |||||_388,834_| |||||_369,591_| |||||_369,591_| |||||_19,243_| |||||_19,243_
_29,070_| |||||_48,313_| This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities page 7 Docusign Envelope ID: D328B67A-6B56-42DA-A754-0B211B1BF665 ## **ZAYTUN WELFARE TRUST** ## **BALANCE SHEET AT 31 DECEMBER 2023** ||||**2023**||_2022_| |---|---|---|---|---|---| ||**Notes**||**£**||_£_| |**CURRENT ASSETS**|||||| |Debtors (amounts falling due within one year)|2|7,679||_6,364_|| |Cash at bank and in hand||45,974||_43,149_|| |||53,653||_49,513_|| |**CREDITORS: Amounts falling due within one year**|3|1,200||_1,200_|| |**NET CURRENT ASSETS**|||52,453||_48,313_| |**TOTAL ASSETS LESS CURRENT LIABILITIES**|||52,453||_48,313_| |**CAPITAL AND RESERVES**|||||| |**Unrestricted funds**|**4**||||| |General fund|||52,453||_48,313_| ||||52,453||_48,313_| The members have not required the charity to obtain an audit in accordance with Charities Act 2011. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. ## 22 July 2024 **Approved by the board of trustees on ............................................... and signed on their behalf by** ............................. Mohammad A MAZID Trustee page 8 Docusign Envelope ID: D328B67A-6B56-42DA-A754-0B211B1BF665 ## **ZAYTUN WELFARE TRUST** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **1. ACCOUNTING POLICIES** ## **1a. Basis Of Accounting** The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities . The charity has taken exemption from preparing a cash flow statement under the charities SORP (FRS102), as the charity constitues a small charity. ## **1b. Incoming Resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Bank interest is included on a receipts basis. ## **1c. Resources Expended** 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. ## **1d. Allocation And Apportionment Of Costs** All costs relate to the single activity of the charitable company and are recognised accordingly. ## **1e. 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. Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects. page 9 Docusign Envelope ID: D328B67A-6B56-42DA-A754-0B211B1BF665 ## **ZAYTUN WELFARE TRUST** |**2. DEBTORS**
Amounts falling due within one year:
Other debtors
**3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors|**2023**
**£**
7,679
7,679
**2023**
**£**
1,200
1,200|_2022_
_£_
_6,364_| |---|---|---| |||_6,364_| |||_2022_
_£_
_1,200_| |||_1,200_| ## **4. UNRESTRICTED FUNDS** |General fund|**Brought**
**forward**
**£**
48,313
48,313|**Incoming**
**resources**
**£**
184,019
184,019|**Outgoing**
**resources**
**£**
(179,879)
(179,879)|**Transfers**
**£**
-
-|**Carried**
**forward**
**£**
52,453| |---|---|---|---|---|---| ||||||52,453| page 10 Docusign Envelope ID: D328B67A-6B56-42DA-A754-0B211B1BF665 |**ZAYTUN WELFARE TRUST**||||_2022_
_£_
_388,834_
_388,834_| |---|---|---|---|---| |**Incoming Resources**
**for the year ended 31 December 2023**
**Incoming resources**
**Donations**
Donations - General
Gift Aid|176,326
7,693|**2023**
**£**
184,019
184,019|_382,470_
_6,364_|| page 11 Docusign Envelope ID: D328B67A-6B56-42DA-A754-0B211B1BF665 ## **ZAYTUN WELFARE TRUST** ## **Expenses for the year ended 31 December 2023** |**Expenses**
**Charitable Activities**
Direct charitable activity - Bangladesh
Direct charitable activity - Other donations
Accountancy fees
Bank charges
Sundry expenses|**2023**
**£**
177,472
-
1,200
1,167
40
179,879|_2022_
_£_
_349,706_
_17,067_
_1,200_
_1,618_
_-_| |---|---|---| |||_369,591_| page 12