Charity number 1153156 Wadi Howar Welfare Trust Report and Accounts 31 December 2022 Wadi Howar Welfare Trust Charity Infomiation Trustees Baredin Saleh Basheir S2lih Kharif Abdelrehman Edris Abdulrahman Mustafa Mendy Mohamed Ahmed Abdulmajid Abdulrahman Ahmed Juma Rajab Reglstered office 33 New Spring Street Birmingham B18 7LG Charlty number 1153156 Wadi Howar Welfare Trust Registered number: Trusteess, Report 1153156 The Trusteess present their report and accounts for the year ended 31 December 2022. Principal activities The Charity's principal activty during the year ￿ntinUed to be . Trustees The following person5 served a5 Trustees during the year. Baredin Saleh Basheir Salih Kharif Abdelrehman Edris Abdulrahman Muslafa Mendy Moharned Ahmed Abdulmajid Abdulrahman Ahmed Juma Raiab Small Charlty provlslons This report has been prepared in accordan¢e with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject lo the small companies regime. This report was approved by the toard on 19 Juty 2024 and s￿ned on its behalf. ahrecjin Saleh man usheir Wadi Howar Welfare Trust Accountants. Report Aecountants, report to the directors of Wadi Howar Welfare Trust You consider that the Charity is exempt from an audil for the year ended 31 December 2022. You have acknowledged, on the balan￿ sheet. your responsibilities for complying with the requirements of the Charity Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and lair view ol the stsle ol affairs of the Charity at the end of the financial year and ol its profil or loss foi the financial year. In accordance with your inslru¢lions, we have prepared the accounts which comprise the Profil and Loss Account, the Balance Sheet, the Stslemenl ol Changes in Equity and the related notes from the accounting recoids ot the Charity and on the basis of infoThalion and explanations you have given to us. We have not carried out an audit Of any other revEw, and consequently we do not express any opinion on these accounts. M Munir Pioneer$ A¢¢ounlants 19 July 2024 Wadi Howar Welfare Trust Profit and Loss Account for the year ended 31 December 2022 2022 2021 Tumover 38,449 56.065 Administrative expenses 140,3841 128.1411 Operating Ilo$s)Iprofit {1.935} 27,924 ILoss}Iproflt before taxatlon 11.9351 Tax on Ilossllprofil (Lossllprofit for the financial year 1.935 27,924 Wadi Howar Welfare Trust Charity number: Balance Sheet as at 31 December 2022 1153156 Notes 2022 2021 Fixed assets Tangible assets 295.775 303,370 Current assets Debtors Cash al bank and in hand 16,550 104,706 121,256 167,1 $3 167,153 Credltors: amounts falllng due within one year 15001 14001 Not curront assets 166,653 120.856 Total assets less current 462.428 424.226 Creditors: amounts falling due after more than one year 1436,439) 1396.3021 Net assets 25,989 27.924 The Truslee5 are satisfied that the Charity is enlilled lo exemption from the requirement lo obtain an audit under section 477 of the Charity Act 20¢%. The membeis have not required the Chanty to obtsin an audit in accordance with section 476 of the Act The Trustees acknowledge Iheir responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordan￿ with the special provisions applicable lo companies subject lo the charity regime. The profit and loss account has not been delivered lo the Charity Commission. Bahredin Chairman Approved by the board on 19 July 2024 ale BLIS eir Wadi Howar Welfare Trust Statement of Changes in Equity for the year ended 31 December 2022 Sha Share Re- capital premium valuation reserve Profit and loss account Total At 1 January 2021 Profit for the financial year 27,924 27,924 At 31 December 2021 27,924 27,924 At 1 January 2022 27,924 27.924 Loss for the financial year 11,9351 11.9351 At 31 Dècember 2022 25,989 25.989 Wadi Howar Welfare Trust Notes to the Accounts for the year ended 31 December 2022 1 Accounting policies BasiTS olprgparation The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland 18S applied lo small enlilies by section 1A of the stsndard}. Turnover Turnover is measured al the fair value of the consideration received or receivable, net ol discounts and v21ue added taxes. Turnover includes ievenue eamed from the sale of goods and from the rendering of services. Tuinover from the sale of goods is reeognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by referen￿ to the stage of completion of the contract. The stage of completion of a contract is measured by compaiing the costs incurred foi work performed lo dale lo the total estimated eontract costs Intanglble flxed assets Intangible fixed assets are measufed at cost less accumulatsve amortisation and any accumulative impairment losses ronglble flxed assels Tangible fixed asse15 are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land. al rates calculated lo write off the cost, less estimated residual value, of each asset evenly over Ils expected useful life, as follows.. Freehold buildings Leasehold land and buildings Plant and machinery Fixtures. fittings, t¢)ols and equipment over 50 years over the lease term over 5 years over 5 years Investment$ Inveslrnenls in subsidiaries. associates and joint ventures are measured al cost less any accumulated impairment losses. Listed investrnenls are measure(l 21 121r value. Unlisted investments are measured al fair value ursless the value cannot be measured reliably, in which case they are measured at cost less any accumvlaled impairment k)sses Change5 in fair value are included in the profil and loss account. Stocks Stocks are measured al the lower of cost and eslimaled selling price le55 Costs lo complete and sell. Cost is determined using the first In first out method. The carrying amount of stock sold is recognised 85 an expense in the period in which the re5aled revenue is recognised. Debtors Short term debtors are measured al Iransaclion price (which is usually the invoice pricel, less any impairment losses for bad and doubtful deb15. Loans and other financial assets are initially recognised al transaction price including any transaction costs and subsequently measured al amortised cost determined using the effective interest method. less any impairment losses for bad and doubtful debts. Wadi Howar Welfare Trust Notes to the Accounts for the year ended 31 December 2022 Creditors Short term creditors are measured al transacb.on price (which is usually the Invol￿ pricel. Loans and other financial liabilities are initially recognised al transacb'on price nel of any transaction costs and subsequently me85ured al amortised cost detemiined using the effective interest method. raxotion A current lax liability is recognised lor the lax payable on the taxable profil of the current and past periods. A current lax asset is recognised iri respecl of a tax loss that can be carried back to recover lax paid in a previous period. Deferred lax is recognised in respect of all liming differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tsx assets are recognised only lo the exlenl that il is probable that they will be recovered against the reversal of deferred lax liabilities or other future taxable profits. Deferred tsx is measured using the tax rale5 and laws that have been enacted or substantively enacted by the reporting date and that are expected lo apply lo the reversal of the liming difference, exeepl for revalued land and investment property where the lax rale that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not dis¢ounled. Provlslons Provisions lie liabilities of uncertain timing or amount} are recognised when there is an obligation al the reporting dale as a result ol a past event, il is probable that economic benefit will be transferred lo settle the obligation and the amount ol the obligation carb be eslimaled reliably. Foreign currency translation Transactions in foreign currencies are initially recognised al the rate of exchange ruling at the dale ol the Iransaclion. At Ihe end of each reporting period foreign currency monetary items are translated al the closing rale ol exchange. Non-monetsry items that are measured al historical cost are translated al the rate ruling al the dale of the transaction. All diffeiences are char9ed lo profit or loss. Leased assets A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases ale initially recognised as assets and liabilities al amounts equal lo the fair value of the leased assets or. if lower. the present value ol the minimLJm lease payments. Minirnum lease payments are apportioned betsveen the finan￿ charge and the reduction in the outstanding liability using the effective interest rale method The finanTr charge is allocated lo each period during the lease so as lo produce a constant periodic rale of interest on the remaining balance of the li8bility. Leased assets are depreciated in accordance with the Charity's policy lor tangible fixed assets. 11 there is no reasonable certainty that ownership will be obtained al the end of the lease term. Ihe asset is depreciated over the lower of the lease term and ils useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. Pensions Contributions lo defined contribution plans are expensed in the period to which they relate. Employees 2022 Number 2021 Number Wadi Howar Welfare Trust Notes to the Accounts for the year ended 31 December 2022 Average number of persons employed by the Charity 3 Tangible fixed assets Land and buildings Cost Al 1 January 2022 At 31 December 2022 303,370 303,370 Depreciation Charge for the year At 31 December 2022 7,595 7,595 Net book value Al 31 December 2022 295,775 Al 31 December 2021 303,370 4 Debtor5 2022 2021 Other debtors 16,550 5 Creditors: amounts falling due within one year 2022 2021 Other creditors 500 400 6 Creditors: amounts falllng due aftei one year 2022 2021 Other creditors 436,439 396,302 7 Other Information Wadi Howar Welfare Trust is a private Charity limited by shares and incorporated in England. Ils registered office is. 33 New Spring Street Birmingham B18 7LG Wadi Howar Welfare Trust Detailed profit and loss account for the year ended 31 December 2022 This schedule does not form part of the statutory accounts 2022 2021 Sales 38.449 56,065 Adminislralive expenses 140,3841 128,1411 Operatlng Ilossllprofit 11,9351 27,924 {Lossllprofit before tax 1,935 27.924 10 Wadi Howar Welfare Trust Detailed profit and loss account for the year ended 31 December 2022 This schedule does not foml part of Ihe slalutory accounts 2022 2021 Sales Sales 38,449 56,065 Administrative expenses Employee costs.. Trustee Fee 484 Premises costs.. Rent Light and heal Cleaning 9,000 1.860 6,831 733 7,564 10.860 General administrative expenses.. Telephone and inlernel Insurance Repairs and maintenance Depreciation Sundry expenses 512 1,428 8,204 7,595 2,438 20,485 7,595 28,080 Legal and professional costs.. Accountancy lees 960 400 400 40,384 28,141