## **USWAT WELFARE TRUST**
## **2021 ACCOUNTS**
**EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD, LONDON E8 3DY**
**USWAT WELFARE TRUST Report and Accounts for the year ended 31st March 2021**
**CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES**
**1135995**
## **USWAT WELFARE TRUST Reports and Accounts**
## **CONTENTS**
|Charity Information|1|
|---|---|
|Trustees annual report|2|
|Accountant's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to Accounts|6-8|
## **USWAT WELFARE TRUST Charity Information**
## **Trustees**
Adelani Arogundade Tajudeen Ajani Bello Sakira Salawu
**Charity Registration No:** 1135995
## **Principal Location**
7 Egham Road London E13 8PD
## **Bankers**
The Cooperative Bank P O Box 250 WN8 6WT
## **Accountants**
Emmanuel Stephens & Co 62 Beechwood Road London E8 3DY
Page 1
## **USWAT WELFARE TRUST**
## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31[st ] MARCH 2021**
The trustees have the pleasure of submitting their report and the financial statements for the year ended 31[st] March 2021
## **Review of Financial Position**
Please refer to the annexed accounts for the details of the financial statements for the year ended 31st March 2021.
## **Reserves Policy**
The trustees would like to work towards a situation whereby the charity could maintain unrestricted funds at a level which equates to approximately three months of unrestricted expenditure.
## **Trustees' Responsibilities in Relation to the Financial Statements**
The Charities Act 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 surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are required to:
a) Select suitable accounting policies and apply them consistently;
- b) Make judgements and estimates that are reasonable and prudent;
c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.
- d) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking any reasonable steps for the prevention and detection of fraud and other irregularities.
## **Approval**
This report was approved by the Board of Trustees and signed on their behalf by:
Signature:
Name:
Date:
Page 2
## **USWAT WELFARE TRUST**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF USWAT WELFARE TRUST**
I report on the accounts of the Trust for the period ended 31[st ] March 2021 which are set out on pages 4 to 8.
## **RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER**
As the Charity's Trustees, you are responsible for the preparation of the Account: you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act") does not apply. It is my responsibility to:
. Examine the accounts under section 145 of the 2011 Act;
. to follow the procedure s laid down in the general Directions given by the Charity Commission under section 145(5) of the 2011 Act;
. to state whether particulat matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER'S REPORT**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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.
## **INDEPENDENT EXAMINER'S STATEMENT**
In connection with my examination, no matter has come to my attention:
1. Which gives me 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 and to comply with the accounting requirements of the 2011 Act.
have not been met: or
2. to which, in my opinion, attention be drawn to enable a proper understanding of the accounts to be reached.
## **Emmanuel Stephens & Co.**
Chartered Accountants, Business Advisers & Consultants 62 Beechwood Road London E8 3DY
Page 3
## **USWAT WELFARE TRUST**
## **Statement of Financial Activities for the year ended 31[st] March 2021**
|Notes
**Incoming Resources**
_Incoming resources from generated funds:_
Voluntary income:donations
1a
Activities in furtherance of the charity
1b
objects
Gift Aid Received
**_Total Incoming Resources_**
**Resources Expended**
_Charitable activities:_
Gifts and donations and other charitable 2
purposes
_Governance costs:_
Management & Administration
3
**_Total Resources expended_**
**Net Incoming/(Outgoing) Resources for the year**
**_Net Movement in Funds_**
4
Accumulated funds balance
**Total Funds**|**2021**
Unrestricted
Restricted
Total
£
£
£
27,329
27,329
-
-
-
-
-
6,540
6,540|
|---|---|
||**33,869**
**-**
**33,869**|
||10,193
10,193
20,737
-
20,737|
||**30,930**
**30,930**|
||2,939
0
2,939|
||2,939
0
2,939
127,967
-
127,967|
||**130,906**
**0**
**130,906**|
All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.
Page 4
## **USWAT WELFARE TRUST Balance sheet at 31st March 2021**
|**USWAT WELFARE TRUST**
**Balance sheet at 31st March 2021**|||||
|---|---|---|---|---|
|Notes
**FIXED ASSETS**
Building
7
**CURRENT ASSETS**
Debtors
8
Cash in Hand/ Bank
**CURRENT LIABILITIES**
9
**NET CURRENT ASSETS**
**LONG TERM LIABILITIES**
Amount falling due more than a year
10
**NET ASSETS**
**TOTAL FUNDS**
6
Amount falling due within a year|£
-
7,009|**2021**
£
247,000|11,231|**2020**
£
247,000|
||||||
Approved by the Trustees and Signed on their behalf: Signature: Name: Date:
Page 5
## **USWAT WELFARE TRUST**
Notes to the financial statements for the period ended 31st March 2021
## **ACCOUNTING POLICIES**
The accounts have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2005) issued in December 2005 and applicable accounting policies in the preparation of the financial statements are as follows.
## **1. INCOMING RESOURCES**
These are recognised in full in the Statement of Financial Activities in the period in which they are received. Included are income from general donations, special donations and other donations from received during the year from investments and accounted for as unrestricted-funds.
|**1a. Voluntary Income: Donations**
General Donation
Special Donations
Other Donations|**2021**
£
27,329
-
-
27,329|**2020**
£
39,684
-
-|
|---|---|---|
|||39,684|
## **2. DIRECT CHARITABLE EXPENDITURE**
This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material.
|Donations & Gifts(Zakat)
Education Expenditure
Imam's Cost
Charity General Expenditure
Rates|**2021**
£
7,600
2,593
-
-
10,193|**2020**
£
989
2,900
4,524
6,405
4,800|
|---|---|---|
|||19,618|
Page 6
## **3. MANAGEMENT AND ADMINISTRATION**
|Honorarium
General Expenses
Accountancy fees
Mortgage interest
Light & Heat
Insurance
Telephone & fax & internet
Printing, postage & stationery
Repairs & Renewals
Legal & professional fees
Bank charges & interest|**2021**
£
0
3,599
500
5,602
0
0
795
0
9,662
578
0
**20,737**|**2020**
£
0
5,954
500
5,678
1,100
0
615
750
19,035
1181
0|
|---|---|---|
|||**34,813**|
## **4. NET MOVEMENT IN FUNDS FOR THE YEAR**
**2021** The net movement in funds for the year is stated **£** after charging - Depreciation of tangible fixed assets
## **5.DEPRECIATION**
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Building 0%
|**6. FUNDS**
At 1stApril 2020
Surplus/(Deficit) for the year
At 31stMarch 2021|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
127,967
0
127,967
2,939
0
2,939|
|---|---|
||130,906
-
130,906|
## **6.1 UNRESTRICTED FUNDS**
These are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.
## **6.2 RESTRICTED FUNDS**
Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.
Page 7
## **7. FIXED ASSETS**
|**7. FIXED ASSETS**||
|---|---|
|**Cost**
At 1stApril 2020
Additions in the year
At 31stMarch 2021
**Depreciation**
At 1stApril 2020
Charge for the year
At 1stApril 2021
**Net Book Value**
At 31stMarch 2021
At 31stMarch 2020|**Building**
£
247,000
-|
||247,000|
||-
-|
||-|
||247,000|
||247,000|
-
## **8. DEBTORS**
|**9.CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR**
Mortgage Repayment
Accountancy's Fee
Legal & professional fees
**10.CREDITORS:AMOUNTS FALLING DUE AFTER ONE YEAR**
Mortgage
Other loans|**2021**
**£**
0
500
578
1,078
**2021**
**£**
122,025
-
122,025|**2020**
£
12157
500
1,181|
|---|---|---|
|||13,838|
|||**2020**
**£**
116426
0|
|||116,426|
Page 8