Charity Registeration Number
1131928
UNITY WELFARE FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

UNITY WELFARE FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Board of Trustees
Mohammad Inham Uddin
Hussain Ahmed
Saiful Alom
Muhammed Shayesta Miah
Shah Muhammed Anas
Mohammed Moinul Haque Choudhury
Mohammed Azizur Rahman
Registered Charity Number
1131928
Registered Office
9 whI￿ell Road
Plaistow
London
E13 8BP
Banks
HSBC
Lloyds
Natwest
Barclays
Independent Examiner
Rakibul Ahsan ACCA
Elite Accountancy
102
Mile End Road
London
E14UN

UNITY WELFARE FOUNDATION
Report and accounts
Contents
Page
Trustees, Report
Independent Examniers, Report
Financial Overview
Statement of Financial Activities
Balance sheet
Notes to the Financial Statements
7-15

TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report and financial statements for the year ended 31 MARCH 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the trust's Igoverning document], the Charities Act 2011 and 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)"
Objectlves and activities
The main policy adopted in furtherance of these objects is the running of a mosque and maktsb in the UK and
overses and there has been no change in this during the year.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
trust should undertake.
Achlevements and perforniance
Details of the development, activities and achievements of the trust during the year are set out in the separate
annual report.
Financial revlew
There was a surplus of donations received over costs incurred during the year as shown in the attached
accounts. The surplus will be put towards the remaining costs of completing the mosque building and repaying
related loans.
It is the policy of the trust that unrestricted funds which have not been designated for a specific use should be
maintained at a level equivalent to be￿een three and six month's expenditure. The trustees considers that
reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue
the trust's current activities while consideration is given to ways in which additional funds may be raised. This
level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in
place to mitigate exposure to the major risks.
Structure, governance and management
The trust was estsblished by a charitsble trust deed on 30 September 2009
The trustees who served during the year and up to the date of signature of the financial statements
were:
Mohammad Inham Uddin
Hussain Ahmed
Saiful Alom
Muhammed Shayesta Miah
Shah Muhammed Anas
Mohammed Moinul Haque Choudhury
Mohammed A2izur Rahman
New trustees are appointed by existing trustees as need arises.
Page I

TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trust is overseen by the trustees who meet regularly during the year. Imams are employed to lead the
worship services, teach the Islamic faith, look after the mosque and assist in the religious performances
preparatory to the congregational prayers. They also provide advice on moral upbringing to help reduce drug-
taking and other ills affecting society. The trustees expect to soon introduce a core curriculum syllabus for boys
and girls.
The trustees, report was approved by the Board of Trustees.
Hussain Ahmed
Chairman
Dated:
Page 2

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF UNITY WELFARE FOUNDATION
I report to the truslees on my examination of the financial statements of Unity Welfare Foundation for the year
ended 31 MARCH 2024.
Responsiblllties and basis of report
As the trustees of the trust you are responsible for the preparation of the financial statements in accordance
with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the trust's financial statements carried out under section 145 of the
2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145{5)(b) of the 2011 Act.
Independent Examinerfs Statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 1021 in preference to the Accounting and Reporting
by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant
regulations but has now been withdrawn.
l understand that this has been done in order for financial statements to provide a true and fair view in
accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1
January 2015.
I have completed my examination. I 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 trust as required by section 130 of the 2011 Act., or
the financial statements do not accord with those records., or
the financial statements 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 don't have any 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 financial statements to
be reached.
Rakibul Ahsan ACCA
Dated. Z3/04 /Y2
Elite Accountancy
102
Mile End Road
London
E14UN
Page 3

VIA
3 INnoNv

UNITY WELFARE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
Funds
Funds
2024
2024
Total Unrestricted Restricted
Funds
Funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and legacies
Investment income from the properties
Other income
98,629
61,706
122
98,629
61.706
122
98,087
71,210
18,256
98,087
71,210
18,256
Total Income
160,457
180,457
187,553
187,553
enditure on:
Charitable activitses
119,412
119,412
116,600
116,600
Net {expenditure)lin¢ome for
the yearl Net movement In
funds
41,045
41.045
70,954
70.954
Fund balance at 1 April
202312022
1.132,706
1.132,706
1.061,752
1,tJ81.752
Fund balance al 31
March 202412023
1.173,751
1.173.751
1,132,706
1,132.706
The finantial statements were approved by the Trustees on.. 16 january 2025 and si8ned on its behalf by..
Hussain Ahmed
Chairman
Saiful Alom
Trustee
Page 5

UNITY WELFARE FOUNDATION
Balance Sheet
As at 31 March 2024
2024
2023
Notss
Fixed assets
Tangible assets
Investment properties
1.782,491
1.993,031
3.775,522
1.783.041
1,993,031
3,776,072
Current assets
Cash al bank and in hand
14
60,608
183,463
10
{173,5001
Creditors: amounts falling due within one year
(2,5001
Net current assetsl(liabiltties)
3.662,630
3,957,035
Creditors: amounts falling due in more than one
year
11
(2.488,8801
(2,824,330)
Total assets less current liabilities
1,173.750
1,132.705
Income funds
Unreslricted funds
Restricted funds
12
1,173.751
1.132.706
1.173,751
1.132,706
The financial statements were approved by the Trustees on.. 16 January 2025 and signed on its behalf by-
Hussain Ahmed
Chairman
Salful Alom
Trustee
Page 6

UNITY WELFARE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcies
Charity Infomiation
Unity Welfare Foundation is an unincorporated charitable trust.
l. l Accounting convention
The financial statements have been prepared in accordance with the trust's constitution, the Charities Act 2011
and "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 1021 (effective 1 January 2019)" The trust is a Public Benefit Entity as defined by
The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1
not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports} Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has
adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue
to adopt the going con￿rn basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
Restricted funds are subject to specifi'c Conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
1.4 Incoming resources
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the
amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of
the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation
to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the
amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent
Page 7

UNITY WELFARE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1.5 Resources expended
Expenditure is charged in the accounts at the time when a liability to make payment is incurred
1. 6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases-.
Fixtures, fittings & equipment
100/0 p.a. on cost
The gain or loss arising on the disposal of an asset Is determined as the difference be￿een the sale proceeds
and the carrying value of the asset, and is recognised in net incomel(expenditure) for the year.
1. 7 Impairment of fixed assets
At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether
there is any indication that those assets have suffered an impairment loss. If any such indication exists. the
recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Investment Property
Investment Propety applies to the accounting for property (land andlor buildings) held to earn rentals or for
capital appreciation lor both). Investment properties are initially measured at cost and may be subsequently will
be measured using a cost model or fair value model, with changes In the fair value under the fair value model
being recognised in profit or loss
No depreciation will be charged for the investment properties.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1. 10 Financial instruments
The trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther
Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Page 8

UNITY WELFARE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Basic flnanclal assets
Basic financial assets, which include deblors and cash and bank balances, are initially measured at transaction
price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.
Basic flnancial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year
or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction
price and subsequently measured at amortised cost using the effective Interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the trust's contractual obligations expire or are discharged or
1. 11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Critical accounting estimates and judgements
In the application of the trust's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Page 9

UNITY WELFARE FOUNDATION
NotrES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
3 Donations and legacles
Unrestricted
funds
Restricted
funds
Tolal Unrestricted
funds
Restricted
funds
Total
2024
2024
2024
2023
2023
2023
Donalion and gifts
Colleclion from Mosque
Maktab fee
53,773
44,856
53,773
44,856
48,874
35,438
13.775
98,087
48,874
35,438
13,775
98,087
98,629
98,629
3.1 Rental Income from Invetment Propertles
2024
2023
29 Hunter Rd
25 Carmen St
9 Whilwell Rd
140 High Street
4,610
28,050
21,600
16,950
71.210
28,050
33.656
61,706
3.2 Other In¢ome
2024
2023
Other income
Profil from sale of Propety
122
32
18.224
18.256
122
4 Charltable activities Expenditure
Charitable
activities
Charitable
activmies
2023
2024
Staff costs (UK Programfflel
Staff costs (Overses Programmel
Direct Cost IUK Programrnel
Other direct (Overseas Aid)
Other direct Activities costs
38,201
18,661
11,753
16.169
240
85.024
27,286
1,500
34,787
32,810
4Q5
96,788
Analysis of support costs (see note 5}
Analysis of governance costs Isee note .
31,888
2.500
119,412
18,612
1,200
116,600
Analysis by fund
Unrestricted funds
Restricted funds
119,412
116.600
119.412
116,600
Page 10

UNITY WELFARE FOUNDATION
NOYES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
5 Support costs
Goveman¢e
costs
2024
Governance
costs
2023
Support cost
Support cost
Staff cost
Deprecialion
Expenditure on Investment properties
Administration costs
Bank Charge
Professional & Legal Fee
730
550
15,968
964
400
730
550
15.968
964
400
2,500
20,382
550
23,841
7,182
315
550
23,841
7,182
315
2,500
34,388
2,500
2.500
2,500
2,500
31,888
18,612
Analysed between
Charitable activities
31,888
2,500
34,388
18,612
2,500
20,382
Governance costs includes payments to the independenl examiner of £2.50012023-£2.500) for independent examination and
accountancy fees.
6 Trustees
Two trustees who are aslo the staffs has received salary during the year and other than those turstees, no other trustees receive
any rumenartion from the charity during the period.12023-Twol.
7 Employees
Numbei of empoyees
The average monthly number of empoyees during the year was..
2024
Number
2023
Number
Permanent
Volunteer
Employment costs
2024
2023
Wages and salaries
38,201
38.201
28,016
28,016
There were no employees whose annual remuneration was £60000 or more
Page 11

UNITY WELFARE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
8 Tangibale fixed assets
Freehold Computers & Fixtures &
Properties
software
fittings
Total
Cost
At 1 April 2023
Additions
Disposals
At 31 March 2024
Depreciation and Impainnent
At 1 April 2023
Deprecialion charged in Ihe year
Eliminated in respecl of disposals
At 31 March 2024
1,782,770
390
5,495
1.788,655
1,782,770
390
5,495
1.788,655
390
5,224
550
5,614
550
390
5,774
6,164
Carying value as at 31 March 2024
1,782.770
279
1.782,491
Carrylng value as at 31 March 2023
1,782,770
271
1.783,041
9 Investment properties
2024
2023
191 Dersingham
189 Dersingham Avenue
27 Rutland Rd
140 High Sl
420. 188
376,407
471,659
724,777
1,993.031
420,188
376,407
471.659
724,777
1,993.031
10 Creditors.. Amounts falling due wlthin one year
2024
2023
Other creditors
Advance received from propety sales127 Rutland Rdl
3,500
170,000
173,500
2,500
2,500
11 Creditors: Amounts falling due in more than one year
2024
2023
Qard Hasanah
Opening balance
Add. Receipt during the period
Less.. Payment during the year
2,824.330
2,553,430
496,050
1,278,400
1831,5001 {1,007,5(10)
Outstanding balance of Qard Hasana
2,488,880
2,824,330
Page 12

UNITY WELFARE FOUNDATION
NO'fES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12 Unrestricted funds
The income funds of the chanty include restricted funds comprising the following unexpended balances of donations and grants held
on trusl for specific purposes..
Movement in funds
Balance at In¢omlng
Resourcès
Balance at
resources
expended 1 April 2023
Movement in funds
Incoming
Resources
resources
Expended
Balance at
31 March
2024
2022
Fund
1.061,752
1,061,752
187,553
187,553
{116,6001 1,132.706
1116,600) 1.132,706
160,457
160,457
119,4121
(119,4121
1,173,751
1,173,751
13 Analysis of net assets between funds
Unrestricted Restrlcted
Tolal Unrestricted Restrfcted
Total
funds
2024
funds
2024
funds
2023
funds
2023
2024
2023
Nel assets
1,173,751
1,173,751
1,173,751
1,173,751
1.132,706
1,132,706
1,132,706
1,132,706
14 Cash and cash equlvalenls
Opening
balance 1
April 2023
Closlng
Opening
balance 31
balance 1
March 2024 April 2022
Cash flow
movement
Closlng
balance 31
March 2023
Cash flow
movement
183,463
{122,8551
60,608
229.196
(45,733}
183,463
15 Relatsd paty transacllons
There are no disclosable related paty transactions during the year12023-none)
Page 13