UMAR EDUCATION AND WELFARE TRUST COVENTRY UEwr REPORT AND ACCOUNTS 5thA ril 2024 UMAR EDUCAMON AND WELFARE TRUST, COVENTRY (UEwn Flnanclal Ststem•nts Year Ended 6th Aprll 2024 Cont•nts Pag• ministrative Informthn Trustees. Annual Rewt Independent Examlnefs Report ststement Of Flnandal Athities Bahn￿ Sheet Notes To The Accounts UMAR EDUCATION AND WELFARE TRU8T, coveNTRY (UEWT) ADMINISTRATive INFORMATION TRU8TeE8 MR GHULAM MOHAMMED VOHRA MR ABDUL RAHIM SHAIKH MR MOHAMMEDASGHAR TAHIR MR RAB NAWAZ MR SALEH AHMED CHOWDHURY ADDRE88 137 AVON STREET COVENTRY CW2 3GQ BANKERS HSBC BANK PLC COVENTRY SOLICITORS GUILDHALL SOLICITORS COVENTRY INDEPENDENT EXAMINER MR AKBAR DEDAT ACA CRYSTAL BUSINESS SERVICES LTD. CHARTEREO ACCOUNTANTS COVENTRY UMAR EDUCATION AND WELFARE TRU8T, COVENTRY IUEwr) R•gl•t•r•d Charlty numb•r: 1160101 TrU8TEES ANNUAL REPORT yur End•d 6th Aprll 2024 Th• tNlt••• prnient th•lr •nnual rnport log•th•r wlth th• fln8nclJl 8tatements for the y￿1 Sth Aprfl 2024, I, CONsnTUTION UMAR EDUCATION AND WELFARE TRUST, COVENTRY (UEwr) h con8tKuted under a trust d dat•d 28th May 2012. Th• trust was re918tered aa a chadty on 10 December 2012 and Ifs f•gl8tralon number 111150101. The trustees Ihat have 88rved the charlty from 6th Apn'l 2017 to dat• arn Mt out LM th8 admlnlstraove Infornatlon page. The tru8te88 h8v8 legal mpon8lblllty ft)r lh• operatlon of tho trus( and 8 management commlttee whlch Includ88 the five tru8teos are r•spon81blo lor tha day to day affalrs of tha Gharity. The chaIm￿n of the trustee8 Is Mr Ghulam Mohammed Vohra. In sewlng Indlvidual8 for appointment a8 trustees, th8 trustees must have regard to the sklll8, kntrmedge and experience needed for the effethe admlnlstratlon of the charlty. I OBJECTIVES The objectives of the charity as 8et out In tha constitution are a8 ioll(Ms:. 2.1 To advance educafjon generalty and the educatlon of Musllms, and the of fadlitses for rmation. 2.2 To advance the educaoon of the publk In th818lamlc rellglon. The charfty operates from IVS freehokl propety to meet Ivs oblecfve8 OUtlSned above. Furthemiore the anty18 meetlng ivs obJecUve3 by undertaklng the followlng activities.. a) Provkllng18lamlc educaoon to local Mu811m chlldren and adult men and women. b) Provldlng Space for the U￿r8 to undertake dally congregallon prayern when they are accessing th8 c) Partherfng wlth local Mu8llm organI￿l￿nI to educate local communlty about181am and Musllms to promote peace and hamwny. d) Pr￿￿n9 a place for rncrealjon, tralnlng,18lamlc educalon, I￿181181n9 and netsyorklng, UEwf promote8 and teaches con8lderaUon for otherj, Compa88lon, tolerance and Ccpexlstence aro all Islamlc ￿rtUes. We advlse peoplo thal they aro duty bound to contrlbute to the common good, In splrit of cmperatlon thelr lellr/w human belngs. 3. PUBLIC BENEFIT In carrylng Out the above actlvifj88 the trusbe$ belknva that th• charlty 8atlsfles the requlrements of lection 17 of the Char511e8 Act 2011 regardlng publk ben•flt because the general communlty benefits from the chaws activslles. UMAR EDUCAnoN AND WELFARE TRU8T, COVENTRY IUEwn R•gl•t•r•d Charfty numb•r: 1180101 TRUSTEE8 ANNUAL REPORT Y•ir End•d 6th Aprtl 2024 FINANCIAL Re8ULT8 Th• tru8te•i af• ploa8od to roport n•1 Income rewurcH of £47,3W2023 . £61,949) The lall In comlng ruourc•i li attrlbuiable to tho Increaled opratlng cNt•, Th• charty hag unre8trfcted Miourco8 01 £407,578 at the end of the Ilnandal y•ar. Durlw th• y•8r, t￿ dyarity repald a further £36,000 to the prlvate loan provklorn, Th8 truitem pL4n to ropay such loan8 03 Soon as po88lble, After th• year4nd, du• lo Increaje demand th• trUIte￿ emplwd a Mcond Imam from August 2024. O. INVESTMENT8 Tha chartty rents out part ol the tsJlldlng11 operat88 from. The chadty aho recefve8 rental Income8 from the Investment propety. Any 8urplu8 generated18 ullll8ed lor the runnlng c08ts of the charlty. Th8 surplus18 not Invested In any deposit accounts, 8h8re8 or ￿CUrrtla8. 6. FINANCIAL REVIEW AND RESERVES POUCY The trustees, reseThes poliry Is to spend all unrestrfcted funds on tharltable acllvliles In any glven year. The trustees review the financlal health of the charity on a regular basis and ensures a small surplus Is made to cover any unforeseen costs. The overall fixed costs of the charity Is mlnimal, therefore the trustees belleve a small surplus in any glven year Is sufftlent for the charlty lor Ifs overall finandal stsbility. The prfrKipal Income Sources contlnued to be donthns collectsd from general publi 7. R18K MANAGEMENT Tho chanty is respon￿ble for the overneelng of the r18ks faced by the charity. Detslled consIderd￿ons of rlsk are de￿ated to the trustees of tho charlty. Risks are Identlfied, assessad and controls estsblished throughout the year. It Is recognl8ed that 6y8tem8 can onty provld8 rnawnablo but nol 8b801ute a8SUTance that majtx rfsks have been adequatety managed but18 rea8onablé In relatlon to tha current 8lze ol the charlty. Approprfate Cdmlnal Recordi Burnau (CRB) checks, 8UPPOrted by regU￿r revlews are made ol all staff and volunteer8 vtho work wlth chlldren. Alio the truiteel regularly Ihe revlew the finances of tho charlty. . FIXED A88eT8 All of the KUvI￿e8 Contlnuod to be conducted from the ground fl¢Jor of th• charltrls freehold premlses at 137, Avon strtt( Coventy. Both of Ihe chadtlei propertl88 arn V•8ted In th• name of the flv6 trustees. UMAR EDUCATION AND WELFARE TRUST, COVENTRY IUEwn R•glit•rnd Charlty nurnb•r. 1160101 TRUSTEES ANNUAL REPORT Y•4r End•d 6th Aprfl 2024 & STATEMENT OF TRU8TEE8' RE8PON818iufiE8 cmdty kni rnqulrn th• tru8t8•1 to yepare flnanclal italem•nt for èach flnandal year ￿lCh •hthv nd lalr vlow ol the itste ol affalr8 ol the chafty and h finandd ac￿tim lor the perlod. In preparbng those fln8nclal statsments, th• truBts81 are requlred to: a) select Suitable accwntlng and then appty thorn comithnty. b) make Judgernents and e8tSmates that are rna8(ywbkn and wudrt c) state whether awicablo acC￿ntIng standard8 and statéments of r•cunmended wacfjce have been folltrhtd, subject to any departures drnclosed and explalnad In the finandal statements; and d) prepare the financlal ststsments on the golng concern bash unless hapwopdate to presume that the charty V•ill conknue In opèrational extstan￿. The trus* are responsible Icr Wlng proper accountlng recuds and dSsdose with reasonable accuraq at any time finandal posthn of the chanty and to enable then to ensure that the financial ststsments comply IMth the Charibes Act 2011. They are also resp)nslble for safeguarding the assets of the chanty and hence takng reasonab￿ steps prevention and detection of fraud and other regulanti Approved ty the trustee• on 2nd Jww 2ff25 and *nad on tholr behalt. i to thé charlty tru8te88 on my examlnaiion of the accounts of the chartty for the year ended 5th W. 2024 whlch are set out on pagei 8 to 9. RHpo•lbllltlM and bMl• of rnport As tho dwrW3 trustee8 you are respon8lbla lor Ihe preparauon of the accounts In accordance vlth uirvm•nts of the Chaths Act 2011('the Arfl. I report In r08pect ol my examlnauon of the accounts carrled out under 8eCtk)n 145 01 the Act and In carrying out my examlnation I have followed 811 the applicable Dlfedon8 gfven by the Charlty commls8lon under $8ctbn 145{5)(b) of the ACL d•p•nd•nt •xamln•f8 8tat•m•nt I have c￿mP￿ted my examination. I confirm that no matsrlal matters have come to my attenuon In cmnection iffilh the exarnlna￿n glvlng me cau88 to belleve that In any material respert i. Y£counting records ￿tre not kept in respect of the chanty as required by section 130 of the Art 2. the accounts do not accord with those records . or 3. the a¢￿Unts do not comply vith the applicable requlrements conceming the form and content of xcounts set out In the Charities (Accounts and Reports) Regulats'ons 2008 other than any rnquirement that the accounts glve a 'true and fair vl8W vthlch is not a matter considered as part of an Independent examlnalion. I have no concems and have come across no other matters In connectton with the examin*ion to whlch attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 2nd Jun8 2025 Mr Akbar Dedat Chartered Accountsnt Crystsl 8u8lne88 SeNKes LlmMed Chartered Accountsnts 264 Stonoy Stsnton Road Coventy. CV14FP Inv•stments . Incom•8. Rents From Generatlng Fund8-Fee8, Donatlon8 & Collectlon8 9,800 Wages Raies Llght & heat Water Te*hone Insurnnce Bank charyes Pfopefty costs Cleaning and other expen888 Subscrfpdons Books 28,130 1880 1932 372 380 738 226 2,130 1,040 18,878 1956 1857 417 438 700 36,408 24,183 NET INCOMING RESOURCES 47,350 81,949 Fund Balance8 at 8th April 2023 360,228 298,279 Fund Balancé8 at 5th Awll 2024 UMAR EDUCATION AND WELFARE TRUST, COVENTRY IUEwr) R•gl•tsr•d Chirlty numbor: 1150101 Balinc• Sho•t kn At 6th Aprll 2024 Fts•d i•••t• Freehold PfOPert108 Not• 400,132 400, curr•Dt ••8•ts HSBC Bank PIC C8ih 59,373 8,531 53,854 Currnnt Ilabllltl•8 other Creditors Loans 1,758 56,700 58,458 858 N•t curr•nt Ilabllltl (39,904) N•t a•••t• Unrel￿ed Income Funds Ravaluadon Reserve 386,548 21,032 339,196 21,032 The accounts were appfov•d ty the truiteej on 2nd Juno 2025. ..TRUSTEE ,.TRUSTEE UMAR EDUCATION AND WELFARE TRU8T, COVENTRY IUEwn l. A¢¢ountlng Polkl Th• flnincml Jt•tem•nlJ are prnprod In accordance ￿ tha Stat•mont ol Recommend Pr•cUc• 'Accountlng and R•pOr￿n9 by Charlts•' pryflng Imlr acc¢Junts in accordance wrth th8 Flnancl•l Reportlng Standard applkablo In Iho UK and Rowblic ol Ireland (FRS 1021 b88uod on 16 Juty 2014 and CharlU68 Act 2011. EXornpU￿1 hm b8•n taken from syepartry a cath I1￿ at•tsrnMt under 'S8ciion 7 Statémeni ol C#h FIM, ai peimltted ty FRS 102 on h grounds Ihat the chanty quallfi￿ u a 8m•ll enthty. (a) Voluntary IrKome h rttelved ty way of donaoons and grfls and 13 Incluthd In fvll In the ststemont of Flnanclal Ath'tres ￿en recelved. Other Incomo is accounted lor on an xcrual ba as far as It18 pNdent to do so. Thè value of 8ervke8 wovth ty volunteern has not been Induded. (b) Re%)urces ex￿nded ar8 reccgnised In tho pethd In they are Incurred. R880urc89 expended include attribUta￿e VAT. ￿lch cannot be recovered. Slnce there are no restrlcted incoming resources the charity trustees are free to Sp￿ the funds 88 Ihoy deem fit In the furtherance of the charivs objectsve& (c) As a registernd charity the chanty Is generalty exwnpt Income and Caprtal Gains Tax, but not from VAT. Irrecoverable VAT Is induded in Ihe cost of those items to whth rt relates. (d) Debtors and creditors Debtors and credrtors no ststed interest rat8 and weceivabkn or payable Imthln one yea/are recorded at transaction prlce. Any k)sses I￿1n9 from impalmient are reCOgn￿ed in expenditure. (e) Provisions Provislons are recognlsed wthen the charity has an obl19a￿n at thè balanca sheel date as a result ol a past event. it is probable that an outllow of economk benafits will bo requirnd in sottlomant and the amount can be reliabty 83ts'mated. (g) Golng concam The financial statements havo been prepar8d on a golng concern ba818 88 the tru8t888 belleve that no material uncertaints'e8 exl8t. The tru8t888 have consKlered the level of funds hald and the eXr￿Cted level ol Income and expendlturn for 12 months fThi aulhorl8lng th088 flnanclal statements. The budgeted Income and exp8ndllurn18 8ufflclent wlth Ih level of re88N88 for chanty to b8 able to conllnue 88 a golng con￿M. 2. D•pr•clatlon Polky No dopreclation Is provided on the bulldlngs 81nc•. In tho oplnlon ol the truste￿ , the ￿lIdIng3 are ststed at fair value. Small8r fixed 488818 and equlpmenl ar• off In the accountlng perlod when Incurred. UMAR EDUCATION AND WELFARE TRU8T, COVENThY IUEwn TH cc NTS R ENDED S 3. Flx•d AJ••ts At ma(kot v8luallon12016) {GIour￿ Iloorls lurKtlon81 yowtyl Exten91on costs 200,000 38,407 238,407 Al cost price 161.725 400,132 Pfvat• Lo•n• All of the loans are uis8•oJred and are wovthl Int¢r•* fr08 b thè thanty. & Tru•t• No remunernllon ty expwmes. Ilr•* ty Indlrn•, arn payatrA• to any of tha truthes or to thelr cMnetsJ p3rtiaS duriw the y•ar.