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2021-10-31-accounts

Company Registered number 08719540 Registered Charity No: 1156900

“Towards A Progressive Community”

COMMUNITY WELFARE FOUNDATION LTD

Report and Accounts

31 October 2021

COMMUNITY WELFARE FOUNDATION LTD Report and accounts Contents

Page
Information 1
Directors'/Trustees' Report 2 to 7
Independent Examiner Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 ot 14

DOCKLANDS COMMUNITY ORGANISATION

Company Information

Directors/Trustees Kazi Md Ashan Sharif Mohammad Kamal Hossain Farazy Ikram

Company number : 08719540

Charity number: 1156900

Principal and Registered Office: 191 Balaam Street London E13 8AA

Independent Examiner ABC Accountants Unit 6 80A Ashfield Street London, E1 2BJ

Banker Cashplus Bank

COMMUNITY WELFARE FOUNDATION LTD Registered number: 08719540 Directors' Report

The Directors of the company are pleased to present the report and the Financial Statements for the year ended 28 February 2021, to comply with the requirements of the Companies Act 2006, Charities Act 2011 and the Statement of Recommended Practice (SORP 2015 — FRS 102) for charities. The Directors propose to prepare financial statements in compliance with the Charities Act 2011 as the company is in the process of charity registration.

The Charity Object:

Community Welfare Foundation is a charitable company limited by guarantee governed by a Memorandum of Association and Articles of Association incorporated on the 7th October 2013. It was registered as a charity with the Charity Commission on the 2nd May 2014.

  1. The relief of unemployment for the benefit of the public in such ways as may be thought fit, including assistance to find employment.

  2. To promote social inclusion for the public benefit by preventing elderly people from becoming socially excluded, relieving the needs of those elderly people who are socially excluded and assisting them to integrate into society, and to prevent them being excluded from society, or part of society, as a result of being a member of a socially and economically deprived community.

  3. The advancement of education of children and young people in Newham, Tower Hamlets, Redbridge and Hackney by the provision of educational activities after school hours to improve the conditions of life for such persons who have need of such facilities by reason of their youth and social and economic circumstances

Our Vision:

To work towards a progressive community.

Our Mission Statement:

To improve the opportunities available to all our residents irrespective of age, ethnicity or social class.

Our values:

We value all people irrespective of race, background or creed and will work with and for them to facilitate their development to achieve their full potential intellectually, culturally and spiritually.

Activities and Achievements:

The charity has provided training, guidance and support to over 100 people. It has undertaken other activities as follows:

COMMUNITY WELFARE FOUNDATION LTD Registered number: 08719540 Directors' Report

• Supporting families where possible and enabling additional external support to meet their needs for example through relevant workshops as requested

PUBLIC BENEFIT STATEMENT

The Trustees have considered the general guidance on public benefit issued by the Charity Commission and has taken due regard of that guidance. The Trustees consider that they are satisfied that the charity’s activities have benefited the public as it has advanced education for the benefit of schools and their pupils. It has enhanced the quality of teaching within schools and developed teachers into more competent professionals.

Financial position:

The Statements of Financial Activities shows a net surplus of £ 1,771 with net fund of £ 4,964 as at 31 October 2020. £ 3,909 as on 31 October 2020.

Directors / Trustees’ Responsibilities:

The trustees (who are also directors of Docklands Community Organisation for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and then apply them consistently;

  2. observe the methods and principles in the Charities SORP2015 (FRS 102);

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

  5. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation

COMMUNITY WELFARE FOUNDATION LTD Registered number: 08719540 Directors' Report

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

COMMUNITY WELFARE FOUNDATION LTD Registered number: 08719540 Directors' Report

Independent Examiner:

An independent examiner was carried out by ABC Accountants. The company elected to dispense with the annual appointment of examiners. In the absence of a specific resolution to the contrary ABC Accountants will continue in office.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 ’The Financial Reporting Standard applicable in the UK and Republic of Ireland’.

This report was approved by the directors/trustees on ….......... November 2021.

Signed on behalf of the board of directors/trustees

Kazi Md Ashan Sharif

COMMUNITY WELFARE FOUNDATION LTD

REPORT OF THE INDEPENDENT EXAMINER TO THE DIRECTORS / TRUSTEES OF DOCKLANDS COMMUNITY ORGANISATION

I report on the accounts of the company for the year ended 28 February 2021 which are set out on pages 9 to 11 and have been prepared on the basis of accounting policies set out on page 12. records and from information and explanations you have given us."

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of ACCA.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the 2011 Act;

follow the procedures laid down in the general Directions given by the Charity Commission under state whether particular 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 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 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 386 of the Companies Act 2006; and * to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

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

ABC Accountants Unit 6 80A Ashfield Street London E1 2BJ

3 November 2021

COMMUNITY WELFARE FOUNDATION LTD STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 October 2021

INCOME AND EXPENDITURE
INCOMING RESOURCES
Voluntary Income
Charitable Activities Income
RESOURCES EXPENDED
Voluntary Cost
Charitable Activities Cost
Administrative Cost
RESOURCES EXPENDED
NET INCOME /DEFICIT FOR THE YEAR
Funds as at 28 Februa ry 2020
Fund Movement
Funds as at 28 February 2021		 Unrestricted
Restricted
114,778
-
-
-		 2021
£
114,778
-
114,778
104,512
9,211
113,723
1,055
3,909
1,055
4,964		 2020
£
108,555
-
114,778
-		 108,555
104,512
-
9,211
-		 103,379
4,460
113,723
-		 107,839
1,055
-		 716
3,193
716
3,909
COMMUNITY WELFARE FOUNDATION LTD
Registered number: 08719540
Balance Sheet
as at 31 October 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 6 2,552 -
2,552 -
Current assets
Cash at bank and in hand 3,912 5,409
3,912 5,409
Creditors: amounts falling due
within one year 7 (1,500) (1,500)
Net current assets 2,412 3,909
Total assets less current
liabilities 4,964 3,909
Net assets 4,964 3,909
Funds
Unrestricted funds: General 12 4,964 3,909
Unrestricted funds: General
Restricted fund
TotaI Funds 4,964 3,909

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime’ and accordance with FRS 102 be Financial Reporting Standard applicable in the UK and Republic of Ireland’.

The financial statements were approwd by the board of directors and authorised for issue on …...............November 2021, and are signed on behalf of the board by:

Kazi Md Ashan Sharif Member Mohammad Kamal Hossain Director Approved by the board on 3 November 2021 Secretary Farazy Ikram

COMMUNITY WELFARE FOUNDATION LTD Notes to the Accounts for the year ended 31 October 2021

1 Accounting policies

Basis of preparation

The financial statements has been prepared in accordance with 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) (effecti've 1 January 2015) - (Charities SORP 2015 (FRS 102).

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant

1.1 Grants/Donation receiva ble:

Grants/Donations for immediate expenditure are accounted for when they become receivable. Grants/Donations receiwd for specific purposes are treated as restricted funds. Grants/Donations restricted to future accounting period are deferred and recognised in those periods.

1.2 Allocation of cost:

Costs are allocated between restricted and unrestricted fund according to the terms of income. Where items expended are mixed, they are apportioned between the categories according to the income they relate to as well as using best possible professional judgements.

1.3 Support cost

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back ofñce costs, finance, personnel, payroll and goemance costs which support the Trusts programmes and activities. These costs hava been allocated between cost of raising funds and expenditure on charitable activities.

1.4 Reserve Policy

In line with the best practice of charitable sector the charity plans to deeloped a reserve policy to provide financial stability, deelopment of principal activities and guard against unforeseen costs. This is not finalised as The directors authorise fund movements to meet those needs.

1.5 Tangible fixed assets and depreciation:

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the annual rates in order to write off each class of assets our its estimated useful life.

FF & Equipment's

no residual value

1.6 Funds:

• Unrestricted funds are available for use at the discretion of the trustees in furtherance of th general objectiws of the charity and which have not been designated for other purposes

• Designated funds comprise unrestricted funds that has been set aside by the trustees fo particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

• Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which has been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

COMMUNITY WELFARE FOUNDATION LTD Notes to the Accounts for the year ended 31 October 2021

1.7 Reconciliation of new and previous Generally Accepted Accounting Practice (GAAP):

There is no requirement of balance sheet and net income/(expenditure) restatement for adoption of FRS 102, therefore, no reconciliation is shown.

2 lncoming Resources

Incoming resources are the amounts deriwd from the provision of charitable services, the receipt of gifts, subscriptions and grants falling within the charity’s ordinary activities. Donations received for the general purposes of the charity are included as unrestricted funds. Donations and grants for activities restricted by the wishes of the donor are taken to restricted funds where these wishes are legally binding on the trustees.

3
Voluntary Income
Donations
4
Charitable Activities Cost
Direct cost
Rent , Rate and Water
Rates
Telephone & internet charges
Light & Heat
Repairs & maintenance-cleaning
Equipment Expensed
PPS
Depreciation on Furniture, Fitting and
Equipment's		 Unrestricted
Restricted
2021
114,778
-
114,778
114,778
-
114,778
24,593
-
24,593
56,000
-
56,000
5,643
-
5,643
480
-
480
6,895
-
6,895
7,856
-
7,856
1,209
-
1,209
985
-
985
851
-
851
104,512
-
104,512		 2020
108,555
108,555
25,693
56,000
5,643
480
5,723
8,640
1,200
-
103,379

COMMUNITY WELFARE FOUNDATION LTD

Notes to the Accounts

for the year ended 31 October 2021

5 Administrative Cost

Advert and PR
2,500
Insurance
716
Other Legal and Professional
1,050
Travel
2,485
Software
400
Information and Publication
500
Bank charges
60
Legal & professional inc Accountancy
1,500
9,211
6
Tangible fixed assets
Land and
buildings
£
Cost
At 1 November 2020
-
Additions
-
Surplus on revaluation
-
Disposals
-
At 31 October 2021
-
Depreciation
At 1 November 2020
-
Charge for the year
-
Surplus on revaluation
-
On disposals
-
At 31 October 2021
-
Net book value
At 31 October 2021
-
At 31 October 2020
-
7
Creditors: amounts falling due within one year
Taxation and social security costs
Other creditors		 2,500
716
1,050
2,485
400
500
60
1,500		 -
-
-
-
-
-
-
-		 2,500
716
1,050
2,485
400
500
60
1,500
9,211
Motor
vehicles
£
-
-
-
-
-
-
-
-
-
-
-
-
2021
£
-		 750
1,250
400
500
60
1,500
9,211 - 4,460
Plant and
machinery
etc
£
3,403
-
-
3,403
851
-
-
851
2,552
-		 Total
£
-
3,403
-
-
3,403
-
851
-
-
851
2,552
-
2020
£
-

COMMUNITY WELFARE FOUNDATION LTD

Notes to the Accounts for the year ended 31 October 2021

8 Contingent liabilities

The company/charity had no contingent liabilities as at 28 February 2021 nor at 28 February 2020

9 Off-balance sheet arrangements

There were no significant post balance sheet events.

10 Related party transactions

There were no disclosable related party transactions during the year.

11 Gifts In Kind And Volunteers

During the year the company/charity benefited from unpaid work performed by volunteers.

12 Other information

COMMUNITY WELFARE FOUNDATION LTD is a private company limited by shares and incorporated in England. Its registered office is: 191 Balaam Street

London

E13 8AA