Charity Registeration Number 1131928 UNITY WELFARE FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
UNI 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 Whitwell Road Plaistow London E13 8BP Banks HSBC Lloyds Natwest Barclays Independent Examiner Md Yousuf Ali FCCA Elite Accountancy 102 Mile End Road London E14UN
UNITY WELFARE FOUNDATION Report and accounts Contents Page Trustees, Report Independent Examniers, Report Stalemenl of Financial Activities Balance sheet Notes lo the Financial Statements 6-12
TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their report and financial statements for the year ended 31 MARCH 2025. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the Irusl's Igoverning documenll, the Charities Act 2011 and "Accounting and Reporting by Charities.. Slatemenl of Recommended Practice applicable lo charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191" Objectives and activities The main policy adopted in furtherance of these objects is the running of a mosque and maktab in the UK and overses and there has been no change in this during the year. The trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the Irusl should undertake. Achievements and performance Details of the development, activities and achievements of the trust during the year are set out in the separate annual report. Financial review There was 2 surplus of donations received over costs incurred during the year as shown in the attached accounts. The surplus will be pul towards the remaining costs of completing the mosque building and repaying relaled102ns. 11 is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent lo between 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 lo continue the Irusl's current activities while consideration is given lo ways in which addilional funds may be raised. This Sevel of reserves has been maintained throughout the year. The trustees have assessed the major risks lo which the trust is exposed, 2nd are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management The trust was established by a charitable trust deed on 30 September 2009 The trustees who seNed 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 Azizur Rahman New trustees are appointed by existing trustees as need arises. P3ge I
TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trust is overseen by the trustees who meel regularly during the year. Imams are employed lo lead the worship services, teach the Islamic faith, look after the mosque and assist in the religious performances preparatory lo 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 12 Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF UNITY WELFARE FOUNDATION I report to the trustees on my examination of the financial statements of Unity Welfare Foundation for the year ended 31 MARCH 2025. Responsibilities and basis of report As the trustees of the trust you are responsible for the Pfeparation 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{51(b) of the 2011 Act. Independent Examiner's Statement Your attention is drawn lo the fact that the charty has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statemenl of Recommended Practice issue(J 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 Accepled Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. l ¢onfimi 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 respecl of the trust as reqLtired 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 ¢onceming the form and content of accounts set out in the Charrties {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 ststements to be reache Md Yousuf i FCCA Elite A¢¢ountan¢y 102 Mile End Road London E14UN Page 3
UNITY WELFARE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unre:.,", icted Restricted Funds Funds 2025 2025 Total Unrestri¢ted Restricted Funds Funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Investment inwme from the properties Other income 167.898 68.900 59.015 167,898 68,900 59.015 98,629 61,706 122 98,629 61.706 122 Total income 295.813 295,813 160,457 160,457 enditure on: Charitable activities 141.521 141,521 119,412 119,412 Net (expendlturoyincomo for the yearl Net movement In funds 154,292 154,292 41,045 41,045 Fund balan at 1 April 202412023 1.173.751 1,173,751 1,132,706 1.132.706 Fund balanc¢ at 31 March 202512024 1,328,043 1.328.043 1,173,751 1.173.751 The financial statements were approved by the Tru5tee5 on.. 17 November 2025 and signed on its behalf by- Hussain Ahmed Chairmarb Saiful Alom Trustee Page 4
UNITY WELFARE FOUNDATION Balance Sheet As at 31 March 2025 2025 2024 Notes Fixed assets TÈngible assets Investment properties 1,776,885 1,521,372 3,298,257 1,782,491 1,993,031 3,775,522 Current assets Cash al bank and in hand Other Debtor 14 59.855 33.311 60,608 10 15,5001 {173,5001 Creditors: amounts falling due within one year Net current 8sselsllliabilitiesl 3,385,923 3,662,630 Creditors= amounts falling due in more than one year 11 12,057,880) 12,488,880) Total assets less current liabilities 1,328,043 1,173.750 Income funds Unreslricled funds Restricted funds 12 1,328,043 1,173,750 1,328,043 1,173,750 The financial statements were approved by the Trustees on.. 17 November 2025 and signed on its behalf by.. Hussain Ahmed Chairman Saiful Alom Trustee Page 5
UNITYWELFARE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Unity Welfare Foundation is an unincorporated charitsble trust. 1.1 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 lo charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191" The trust is a Public Benefit Entity as defined by The IrL*sI has taken advantage of the provisions in the SORP for charities applsang FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial slatemenls have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the exlenl 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 lo in the Regulations bul 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 bèen 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 sel out below. 1.2 Going concern At the lime of approving the financial statements, the Iruslees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Iruslees continue to adopt the going concern basis of accounting in preparing the financial slalemenls. 1.3 Charitable funds Unreslricled funds are available for use al the discretion of the Iruslees in furtherance of their charitable Restricted funds are subject lo specific conditions by donors as to how they may be Ljsed. The purposes and uses of the restricted funds are set out in the notes lo the financial slalemenls. 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 il is probable that ncOMe 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 lo donations received under Gift Aid or deeds of covenant is recognised al the lime of the donation. Legacies are recognised on receipt or othetwise 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 6
UNITY WELFARE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.5 Resources expended Expenditure is charged in the accounts at the lime when a liability to make payment is incurred 1.6 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures, fittings & equipment 10% p.a. on cosl The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net incomellexpenditurel for the year. l. T Impairment of fixed assets Al each reporting end dale, the trust reviews the carrying amounts of ils tangible assets lo delermine 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 lif any). 1.8 Investment Property Investment Property applies lo the accounting for property (land andlor buildings) held to earn rentals or for capital appreciation lor both). Investment properties are Initially measured al 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 inclLJde cash in hand. deposits held al call with banks, other short-lerm liquid nveslmenls 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 Instiurnenls Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Irusl's balance sheet when the trust becomes party to the contractual provisions of the inslrumenl. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and settle the liability simultaneously. Page 7
UNITY WELFARE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaclion 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 al the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. Basic financial 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 al the present value of the future payments discounted at a markel rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost. using the effective interest rate method. Trade creditors are oblig81ions to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classif led as current liabilities if payment is due within one year or less. If not, they are presenled as non-currenl liabilities. Trade creditors are recognised initially al 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 l. 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 Ihe application of the trust's accounting policies, the truslees are required lo 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. eslimales 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 8
UNITY WELFARE FOUNDATION NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 31 MARCH 2025 Donations and legacies Unrestricted funds Restricted funds Total Unrestricted funds Restricted funds Total 2025 2025 2025 2024 2024 2024 Donation and gifts Collection from Mosque Maktsb fee 128.027 36,554 3,317 167,898 128,027 36,554 3,317 167,898 53,773 44,856 53,773 44,856 98,629 98,629 3.1 Rental Income from Investment Properties 2025 2024 29 Hunter Rd 25 Carmen Sl 9 Whitwell Rd 140 High Street 32.300 28,050 36,600 68,900 33,656 61,706 3.2 Other Income 2025 2024 Other income Profil from sale of Property 122 59,015 59,015 122 Charitable activities Expenditure 2025 2024 Staff costs (UK Programmel Staff costs (Overses Programmel Direcl Cost (UK Programmel Other direct (Overseas Aid) Other direct Activities Gosts 31,727 38,201 18,661 11,753 16,169 240 85,024 16,823 32,922 4,257 85,729 Analysis ol support costs (see note 51 Analysis ol governance costs Isee note 5 49,042 6,750 141,521 31.888 2,500 119,412 Analysis by fund Unrestricted funds Restricted funds 141,521 119.412 141,521 119,412 Page 9
UNITY WELFARE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Support costs Support cost Governance costs 2025 Governance costs 2024 Support cost Staff cost Depreciation Expenditure on Investment properties Adminislralion costs Bank Charge Professional & Legal Fee 550 23,841 7,182 315 550 23,841 7,182 315 2,500 34,388 34,728 14,067 247 34,728 14,067 247 6,750 55,792 6,750 6,750 2,500 2,500 49,042 31,888 Analysed bettveen Charitable activities 49,042 6,750 55,792 31,888 2,500 34,388 Governance costs includes payments lo the independent examiner of £3,00012024.£2,5001 for independent examination and accountancy fees. Trustees Two trustees who are aslo the staffs has received salary during the year and other than those two lurstees, no other Iruslees receive any rumenartion from thé charity during the period.12024-Twol. Employees Number of empoyees The average monthly number of empoyees during the year was.. 2025 Number 2024 Number Permanent VDlunleer Employment costs 2025 2024 Wages and salaries 31,727 31,727 38.201 38,201 There were no employees whose annual remuneration was £80000 or more Page 10
UNITY WELFARE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Tangibale fixed assets Freehold Computers & Properties software Fixtures & fillings Total Cost At 1 April 2024 Additions Disposals At 31 March 2025 Dèpreclation and impairment At 1 April 2024 Depreciation charged in the year Eliminated in respe¢l of disposals At 31 March 2025 1,782,770 390 5,495 1,782,770 1,782,770 390 5,495 1,782,770 390 5,774 279 6.164 279 390 5,495 5,885 Carylng value as at 31 March 2025 1,782,770 1,776,885 Carrying value as at 31 March 2024 1,782,770 279 1,782,491 Investment properties 2025 2024 191 Dersingham 189 Dersingham Avenue 27 Rulland Rd 140 High St 420,188 376,407 420,188 376,407 471,659 724,777 1,993,031 724,777 1,521,372 10 Creditors.. Amounts falling due within one year 2025 2024 Other creditors Advance received from property sales127 Rutland Rdl 5.500 3,500 170,000 173,500 5,500 11 Creditors.. Amounts falling due in more than one year 2025 2024 Qard Hasanah Opening balance Add." Receipt dLiring the period Less." Payment during the year 2,488,880 320,000 1751,0001 2,824,330 496,050 1831,5001 Outstanding balance of Qard Hasana 2,057,880 2,488,880 Page 11
UNITY WELFARE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12 Unrestricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes.. Movement in funds Incomlng Resources resources expended Movement in funds Incomlng Resources resources Expended Balance at l April 2023 Balance at 1 April 2024 Balance at 31 March 2025 Fund 1,132,706 1,132,706 160,457 160,457 1119,4121 1119,4121 1.173.751 1,173,751 295.813 295.813 1141,5211 1141,5211 1,328.043 1 ,328,043 13 Analysis of net assets between funds Unrestricted Restricted Total Unrestricted Restrlcted Total funds funds funds funds 2025 2025 2025 2024 2024 2024 Net assets 1,328,043 1,328,043 1,328.043 1,328,043 1,173.751 1,173,751 1,173,751 1,173,751 14 Cash and cash equivalents Opening balance 1 April 2024 Closing balance 31 March 2025 Opening balance 1 April 2023 Closing balance 31 March 2024 Cash flow movement Cash flow movement 60,608 1753} 59,855 183,463 1122,8551 60,608 15 Related party transactlons There are no disclosable related paty transactions during the year12024-nonel Pag@ 12