COMMUNITY WELFARE TRUST 

REGISTERED CHARITY NUMBER: 1139578 

## **REPORT OF THE TRUSTESS AND** 

**FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023** 

## **FOR** 

## **COMMUNITY WELFARE TRUST** 

SKZ Chartered Certified Accountants Unit 1, Kataria Point, 1 Riches Road, Ilford, IG1 1JH 



COMMUNITY WELFARE TRUST 

## CONTENTS OF THE FINANCIAL STATEMENTS 

FOR THE YEAR ENDED 31 MARCH 2023 

## Contents 

|**REPORT OF THE TRUSTEES**.........................................................................................................................................3|
|---|
|**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEES VALLEY COMMUNITY CARE**|
|**TRUST**.................................................................................................................................................................................4|
|**STATEMENTS OF TRUSTEES’ RESPONSIBILITIES AS AT 31 MARCH 2023**...............................................5|
|**STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**....................................6|
|**STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023**...................................................................7|
|**NOTES TO THE FINANCIAL STATEMENTS**..........................................................................................................8|
|**FOR THE YEAR ENDED 31 MARCH 2023**................................................................................................................8|
|**1.**<br>**ACCOUNTING POLICIES**...................................................................................................................................8|
|**2.**<br>**TRUSTEES' REMUNERATION AND BENEFITS**.............................................................................................8|
|**3.**<br>**TANGIBLE FIXED ASSETS**.................................................................................................................................9|
|**4.**<br>**CREDITORS: AMOUNT FALLING DUE WITHING ONE YEAR**..................................................................9|
|**5.**<br>**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**...........................................9|
|**6.**<br>**MOVEMENT IN FUNDS**.....................................................................................................................................10|
|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAR 2023**...................10|





COMMUNITY WELFARE TRUST 

## **REPORT OF THE TRUSTEES** 

FOR THE YEAR ENDED 31 MARCH 2023 

The trustee, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. 

REFERENCE AND ADMINISTRATIVE DETAILS 

Registered Charity number 1139578 

Registered office Marlborough House 30-32 Yarm Road STOCKON-ON-TEES Cleveland TS18 3NG 

Trustees SHAUFKAT ALI RASID GHAFOOR HUSSEIN MAHROOF HUSSAIN 

Independent Examiner Syed Kashif Zafar FCCA SKZ Chartered Certified Accountants Unit 1, Kataria Point, 1 Riches Road, Ilford, IG1 1JH 

## STRUCTURE, GOVERNANCE AND MANAGEMENT 

## Governing document 

The charity is constituted as a charitable trust registered with the charity commission in 30 December 2020. It governs by the constitution last updated on 23 June 2015. 

## Risk management 

The trustees have a duty to identify and review the risks to which the charity is exposed and to  ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have assessed the risk that charity faces and are satisfied that systems are in place to manage the risks that have been identified. In particular, insurance cover is in place and finances of the charity are kept under review. Appropriate DBS checks are made for all those who work with children or vulnerable adults. 

## Approved by the trustees and signed on its behalf by: 

Shaufkat Rashid. - Trustee XX/XX/20XX 



COMMUNITY WELFARE TRUST 

## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEES VALLEY COMMUNITY CARE TRUST** 

I report on the accounts for the year ended 31 March 2023 set out on pages four to eight. 

## Respective responsibilities of trustees and examiner 

The charity's trustees are responsible for the preparation of 

the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of t h e Charities Act 2011 (the 2011 Act)) and that an independent examination is required. 

## It is my responsibility to: 

examine the accounts under Section 145 of the 2011 Act 

to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5) (b) of the 2011 Act); and 

to state whether particular matters have come to my attention. 

## Basis of the independent examiner's report 

My examination was carried out in accordance with the 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 statements below. 

## Independent examiner's statement 

In connection with my examination, no matter has come to my attention: 

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 comply with the accounting requirements of the 2011 Act have not been met or 

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached 

Syed Kashif Zafar FCCA SKZ Chartered Certified Accountants Unit 1, Kataria Point, 1 Riches Road, Ilford, IG1 1JH 

XX/XX/20XX 



COMMUNITY WELFARE TRUST 

## **STATEMENTS OF TRUSTEES’ RESPONSIBILITIES AS AT 31 MARCH 2023** 

The charity trustees are responsible for preparing an annual report and financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. 

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each 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. I preparing the financial statements, the trustees are required to: 

Select suitable accounting policies and then apply them consistently; Observe the method 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; 

Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

The trustee are responsible for keeping proper accounting records that 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 Charity Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The financial statements were approved by the Board of Trustees and were signed on its behalf by: 

Shaufkat Rashid. - Trustee **XX/XX/20XX** 



COMMUNITY WELFARE TRUST 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** 

||2023|2022|
|---|---|---|
||Unrestricted Funds|Unrestricted Funds|
||£|£|
|Incoming Resources|||
|Incoming Resources From Generated Funds|||
|Voluntary Income|||
|Donatons|21,845.97|33,182.00|
|<br>Other Income|43,781.30|43,685.00|
|Total Incoming Resources|65,627.27|76,867.00|
||||
||||
|Resources Expended|||
|Cost of Generatng Funds|||
|Cost of Generatng Voluntary Income|63,740.59|47,506.00|
|<br>Governance Cost|4,372.29|4,107.00|
|Other Expenses|13,026.55||
|Total Resources Expended|81,139.43|51,613.00|
||||
|Net Incoming Resources|(15,512.16)|25,254.00|
||||
|Reconciliation of Funds|||
|Total Funds Brought Forward|611,879.00|586,625.00|
||||
|Total Funds Carried Forward|596,366.84|611,879.00|
||||



The notes form part of these financial statements 



COMMUNITY WELFARE TRUST 

## **STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023** 

||2023|2022|
|---|---|---|
|Notes|£|£|
|Fixed Assets|||
|Tangible Assets<br>3|491,998.45|505,025.00|
||||
|Current Assets|||
|Debtors|35,145.25|2,324.00|
|Cash at Bank and in Hand|71,448.48|107,907.00|
||106,593.73|110,231.00|
||||
|Creditors: Amount falling due withing one year<br>4|(2,225.34)|(3,377.00)|
||||
|Net Current Assets|104,368.39|106,854.00|
||||
|Net Assets|596,366.84|611,879.00|
||||
|Funds of the charity:|||
|Unrestricted Income Funds|||
|Unrestricted Funds<br>6|596,366.84|611,879.00|
|Total Funds|596,366.84|611,879.00|
||||



The notes form part of these financial statements 



COMMUNITY WELFARE TRUST **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **1. ACCOUNTING POLICIES** 

## Accounting convention 

The financial statements have been prepared under the historical cost convention, and in accordance with t h e requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2005) and applicable UK Generally Accepted Accounting Practice. 

## 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. 

## 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. 

## Taxation 

The charity is exempt from income taxes on its charitable activities. 

## 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. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **2. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 March 2022. 

## Trustees' expenses 

There were no trustees' expenses paid for the year ended 31 March 2022. 



COMMUNITY WELFARE TRUST 

## **3. TANGIBLE FIXED ASSETS** 

||2023<br>2023<br>2023<br>2023|
|---|---|
||Free Hold Property<br>Equipment<br>Motor Vehicle<br>Total|
||£<br>£<br>£<br>£|
|Cost||
|Cost|547,000.00    26,117.00                 9,991.00<br>583,108.00|
|Additons|-                     -                                -<br>-|
|At 31 Mar 2023|547,000.00    26,117.00<br>9,991.00<br>583,108.00|
|||
|Depreciaton||
|At 31 Mar 2022|54,700.00    15,170.00                 8,213.00<br>78,083.00|
|During 2023|10,940.00<br>1,642.05                     444.50<br>13,026.55|
|Total|65,640.00    16,812.05<br>8,657.50<br>91,109.55|
|||
|Net Book Value||
|At 31 Mar 2022|492,300.00<br>10,947.00<br>1,778.00<br>505,025.00|
|At 31 Mar 2023|481,360.00      9,304.95<br>1,333.50<br>491,998.45|



## **4. CREDITORS: AMOUNT FALLING DUE WITHING ONE YEAR** 

||2023<br>2022|
|---|---|
||£<br>£|
|Accruals and Deferred Income|1,800.00<br>2,433.00|
|VAT|425.34            945.30|
||2,225.34<br>2,301.00|



## **5. MOVEMENT IN FUNDS** 

|||
|---|---|
||At April 1<br>Incoming<br>Resources<br>At March 31|
||2022<br>Resources<br>Expended<br>2023|
|Unrestricted<br>funds|611,879.00<br>65,627.27            (81,139.43)<br>596,366.84|





COMMUNITY WELFARE TRUST 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAR 2023** 

||2023|2022|
|---|---|---|
||£|£|
|Incoming Resources|||
|Voluntary Income|||
|Donatons|21,845.97|21,764.16|
|Rental Income|43,781.30|43,684.77|
|Government Grants|-|11,418.12|
|Total Incoming Resources|65,627.27|76,867.05|
||||
|Resources Expended|||
||||
|Cost of Generatng Voluntary Income|||
|Bank Charges|28.87||
|Business Rates|557.09|2,050.89|
|Insurance|4,908.71|3,519.89|
|Light & Heat|11,202.25|9,093.54|
|Ofce Expenses|921.54|1,631.75|
|Telecommunicaton|1,789.49|1,092.21|
|Van Hire|75.00|3,510.66|
|Sundry Expenses|1,294.91|4,731.50|
|Salary & Wages|42,962.73|19,350.74|
||63,740.59|44,981.18|
|Governance Cost|||
|Legal & Professional|2,572.29||
|Accountancy|1,800.00|4,107.48|
||4,372.29|4,107.48|
|Other Expenses|||
|Depreciaton Free Hold Property|10,940.00||
|Depreciaton Equipment|1,642.05|1,932.00|
|Depreciaton Motor Vehicles|444.50|592.34|
||13,026.55|2,524.34|
||||
|Total Resources Expended|81,139.43|51,613.00|
||||
|Net Income|(15,512.16)|25,254.05|



This page does not form part of the statutory financial statements