REGISTERED COMPANY NUMBER: 07694340 (England and Wales) REGISTERED CHARITY NUMBER: 1145341
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
FOR
THE BARDOLI MUSLIM WELFARE SOCIETY UK (A COMPANY LIMITED BY GUARANTEE)
Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY
THE BARDOLI MUSLIM WELFARE SOCIETY UK
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 13 |
| Detailed Statement of Financial Activities | 14 |
THE BARDOLI MUSLIM WELFARE SOCIETY UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2023. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees ensure the activities of the organisation have regard to the Charity Commission's guidance on public benefit.
1.1. The purposes of the charity
The Bardoli Muslim Welfare Society UK mission is to support the interest and benefit of residents of Bardoli, Gujarat, India and descendants and inhabitants of UK who originated from there.
1.2 The main activities undertaken in relation to and to further those purposes for the public benefit are:
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to collect charitable donations on behalf of Jamna Ba Sarvaajanik Hospital and Madrasa High School, in Bardoli, Gujarat, India
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to support projects in the interest of social welfare in the UK
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to relieve sickness and promote good health in the UK
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the advancement of education in the UK
ACHIEVEMENT AND PERFORMANCE
Charitable activities
2022-23 was a period of progress following the end of Covid-19 restrictions.
The Charity was able to support the community through organised events throughout the year in the areas of sports, mentoring and networking.
Charitable donations continued to be collected, exceeding targets and expectations.
We continued to support aid charities in the UK, making funds available for International disasters.
FINANCIAL REVIEW
Review of the charity's financial position at the end of the reporting year
Income for the year was £126,144 (2022: £128,657). The majority of this income relates to Restricted Charitable Income on behalf of Jamna Ba Sarvaajanik Hospital and Madrasa High School, in Bardoli, Gujarat. Unrestricted income was £11,800 (2022: £5,610) in the year.
Expenditure for the year was £113,821 (2022: £131,217) relating to the charitable activities of the charity.
Net surplus transferred to reserves was £12,323 (2022: Deficit £2,560).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document and constitution
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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THE BARDOLI MUSLIM WELFARE SOCIETY UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023
The Bardoli Muslim Welfare Society UK is a charitable company limited by guarantee, governed by its Articles of Association, registered in England & Wales.
Recruitment and appointment of new trustees
Trustees are elected by members of the organization .
Trustees typically serve up to two three-year terms of office.
Board and Committee Structure
The Board met regularly throughout the period, with [three] formal Board meetings held.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07694340 (England and Wales)
Registered Charity number
1145341
Registered office
21 Toronto Road Ilford IG1 4RA
Trustees
Mohamed Munaf Zina Afzal Takolia Nazir Gajia Salim Patel Ibrahim Mohamed Gajia
Company Secretary
Ibrahim Mohamed Gajia
Independent Examiner
Anwer Patel BA(Hons), BFP, FCA Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BARDOLI MUSLIM WELFARE SOCIETY UK
Independent examiner's report to the trustees of The Bardoli Muslim Welfare Society UK ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no 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 accounts to be reached.
Anwer Patel BA(Hons), BFP, FCA
Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY
Date: .............................................
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THE BARDOLI MUSLIM WELFARE SOCIETY UK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 1 Other trading activities 3 - Investment income 4 11,800 Total 11,801 EXPENDITURE ON Raising funds 5 (2,350) Charitable activities 6 School - Hospital - Gift Aid - Donations paid 1,000 Total (1,350) NET INCOME/(EXPENDITURE) 13,151 RECONCILIATION OF FUNDS Total funds brought forward 244,784 TOTAL FUNDS CARRIED FORWARD 257,935 |
Restricted fund £ 114,343 - - 114,343 9,460 29,000 75,000 1,495 216 115,171 (828) 8,430 7,602 |
31.1.23 Total funds £ 114,344 - 11,800 126,144 7,110 29,000 75,000 1,495 1,216 113,821 12,323 253,214 265,537 |
31.1.22 Total funds £ 123,047 410 5,200 128,657 11,369 - - - 119,848 131,217 (2,560) 255,774 253,214 |
|---|---|---|---|
The notes form part of these financial statements
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THE BARDOLI MUSLIM WELFARE SOCIETY UK
BALANCE SHEET 31 JANUARY 2023
| Notes FIXED ASSETS Investment property 9 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 12 Unrestricted funds: General fund Revaluation Reserve Restricted funds TOTAL FUNDS |
31.1.23 £ 140,000 130,138 (4,601) 125,537 265,537 265,537 188,935 69,000 257,935 7,602 265,537 |
31.1.22 £ 140,000 117,590 (4,376) 113,214 253,214 253,214 175,784 69,000 244,784 8,430 253,214 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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THE BARDOLI MUSLIM WELFARE SOCIETY UK
BALANCE SHEET - continued 31 JANUARY 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
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THE BARDOLI MUSLIM WELFARE SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Covid 19
The Charity does not have many overheads. Therefore, the impact of Covid-19 has not been significant despite lower future donations. The trustees are confident the charity has sufficient funds to continue its operations. It is for these reasons, the accounts have been prepared on a going concern basis.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from corporation tax 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.
continued...
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THE BARDOLI MUSLIM WELFARE SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
2. DONATIONS AND LEGACIES
| Donations Gift aid Donations received for: School Projects Hospital Projects 3. OTHER TRADING ACTIVITIES Fundraising events 4. INVESTMENT INCOME Rents Receivable |
31.1.23 £ 104,884 9,460 114,344 |
31.1.23 £ 104,884 9,460 114,344 |
31.1.22 £ 112,730 10,317 123,047 |
31.1.22 £ 112,730 10,317 123,047 |
||
|---|---|---|---|---|---|---|
| 31.1.23 £ 24,008 80,876 104,884 |
31.1.22 £ 20,430 92,300 112,730 |
|||||
| 31.1.23 £ - 31.1.23 £ 11,800 |
31.1.22 £ 410 31.1.22 £ 5,200 |
continued...
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THE BARDOLI MUSLIM WELFARE SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
5. RAISING FUNDS
Investment management costs
| 31.1.23 | 31.1.22 | |
|---|---|---|
| £ | £ | |
| Property repairs | 171 | 6,698 |
6. CHARITABLE ACTIVITIES COSTS
| School Hospital Gift Aid Donations paid |
Direct Costs £ 29,000 75,000 1,495 1,216 106,711 |
|---|---|
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2023 nor for the year ended 31 January 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2023 nor for the year ended 31 January 2022.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31.1.22
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies - Other trading activities 410 Investment income 5,200 Total 5,610 EXPENDITURE ON Raising funds 10,346 Charitable activities Donations paid 1,450 Total 11,796 |
Restricted fund £ 123,047 - - 123,047 1,023 118,398 119,421 |
Total funds £ 123,047 410 5,200 128,657 11,369 119,848 131,217 |
|---|---|---|
continued...
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THE BARDOLI MUSLIM WELFARE SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31.1.22 - continued
| Unrestricted Restricted funds fund £ £ NET INCOME/(EXPENDITURE) (6,186) 3,626 Transfers between funds 10,317 (10,317) Net movement in funds 4,131 (6,691) RECONCILIATION OF FUNDS Total funds brought forward 240,653 15,121 TOTAL FUNDS CARRIED FORWARD 244,784 8,430 9. INVESTMENT PROPERTY FAIR VALUE At 1 February 2022 and 31 January 2023 NET BOOK VALUE At 31 January 2023 At 31 January 2022 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.23 £ Rent Deposit 3,401 Accrued expenses 1,200 4,601 |
Total funds £ (2,560) - (2,560) 255,774 253,214 £ 140,000 140,000 140,000 31.1.22 £ 2,001 2,375 4,376 |
|---|---|
continued...
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THE BARDOLI MUSLIM WELFARE SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted Restricted funds fund £ £ Investments 140,000 - Current assets 122,536 7,602 Current liabilities (4,601) - 257,935 7,602 MOVEMENT IN FUNDS At 1/2/22 £ Unrestricted funds General fund 175,784 Revaluation Reserve 69,000 244,784 Restricted funds Restricted Funds 8,430 TOTAL FUNDS 253,214 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 11,801 Restricted funds Restricted Funds 114,343 TOTAL FUNDS 126,144 |
31.1.23 31.1.22 Total Total funds funds £ £ 140,000 140,000 130,138 117,590 (4,601) (4,376) 265,537 253,214 Net movement At in funds 31/1/23 £ £ 13,151 188,935 - 69,000 13,151 257,935 (828) 7,602 12,323 265,537 Resources Movement expended in funds £ £ 1,350 13,151 (115,171) (828) (113,821) 12,323 |
|---|---|
12. MOVEMENT IN FUNDS
continued...
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THE BARDOLI MUSLIM WELFARE SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1/2/21 in funds £ £ Unrestricted funds General fund 171,653 (6,186) Revaluation Reserve 69,000 - 240,653 (6,186) Restricted funds Restricted Funds 15,121 3,626 TOTAL FUNDS 255,774 (2,560) Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 5,610 Restricted funds Restricted Funds 123,047 TOTAL FUNDS 128,657 |
Transfers between At funds 31/1/22 £ £ 10,317 175,784 - 69,000 10,317 244,784 (10,317) 8,430 - 253,214 Resources Movement expended in funds £ £ (11,796) (6,186) (119,421) 3,626 (131,217) (2,560) |
|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2023.
continued...
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THE BARDOLI MUSLIM WELFARE SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023
14. KEY MANAGEMENT PERSONNEL
The trustees consider themselves to be the key management personnel of the charity.
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THE BARDOLI MUSLIM WELFARE SOCIETY UK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023
| 31.1.23 | 31.1.22 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 104,884 | 112,730 |
| Gift aid | 9,460 | 10,317 |
| Other trading activities | 114,344 | 123,047 |
| Fundraising events | - | 410 |
| Investment income | ||
| Rents Receivable | 11,800 | 5,200 |
| Total incoming resources | 126,144 | 128,657 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Insurance | - | 788 |
| Sundries | 977 | 13 |
| Accountancy Fees | 1,353 | 1,000 |
| Travel Expenses | - | 582 |
| AGM & Other Metting Expenses | 1,121 | 1,660 |
| IT Expenses | 869 | 84 |
| Events | 2,619 | 103 |
| Consultancy | - | 216 |
| Postage & Stationary | - | 225 |
| Investment management costs | 6,939 | 4,671 |
| Property repairs | 171 | 6,698 |
| Charitable activities | ||
| Madrasa High School | 29,000 | 22,148 |
| Jamna Ba Sarvaajanik Hospital | 75,000 | 96,250 |
| Donations to other charities | 2,711 | 1,450 |
| 106,711 | 119,848 | |
| Total resources expended | 113,821 | 131,217 |
| Net income/(expenditure) | 12,323 | (2,560) |
This page does not form part of the statutory financial statements
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