Company Registered number 08719540 Registered Charity No.. 1156900 "Towards A Progressive Communi COMMUNITY WELFARE FOUNDATION LTD Report and Accounts 31 October 2022
COMMUNITY WELFARE FOUNDATION LTD Report and accounts Contents Pago Information Directors'rrrustees, Report Independent Examiner Report Statement of Financial Activities 2107 Balance Sheet 10 Notes lo the Financial Statements 11 ot14
COMMUNITY WELFARE FOUNDATION LTD Company Information DirectorsruStees Kazi Md Ashan Sharif Mohammad Kamal Hossain Farazy Ikram Company number: 08719540 Charity number.. 1156900 Principal and Registered Office: 191 Balaam Street London E138AA Independent Examiner ABC Accountants Unit 6 80A Ashfield Street London, E128J Banker Cashplus Bank
COMMUNITY WELFARE FOUNDATION LTD Registered number: 08719540 Directors. Report The Directors of the company are pleased to present the r8POrt and the Financial Statements for the year ended 31 October 2022. to comply wth the requirements of the Cornpanies A¢1 2006, Charities Act 2011 and the Ststemenl of Recommended Practice ISORP 2015 - FRS 1021 for charities. The Directors propose to prepare financial statements in compliance with Ihg Charitie8 Act 2011 as the company is in the process of charity registration. The Charity Obj8Ct: Community Welfare Foundation is a charitable company limited by guarantee govemed 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 uTremployment for the benefit of the public in such ways as may be thought fit, including assistance to find employment. 2. To promote sra1 inclusion for the public benefit by preventing elderty people from beeoming socially excluded. relievirbg the needs of those elderly people ¥tho are socially excluded and assisting them to integrate into society, and to prevent them being excluded from society. or part of society, as a r8sull of being a member of a socially and econornically 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 lo improve the conditions of life for such persons who have need of such facilities by reason of their youth and social and economic circumstanS Our Vision: To work towards a progressive community- Our Mission Statement: To improve the opportunities available lo all our residents irrespectivè of age. ethnicity or social class. Our valu8s'. Wg value all people irrespective of race. background or creed and will work with and for them to facilitate their development lo achieve their full potential intellectually. culturally and spiritually. Activities and Achievements: The charity has provided training. guidance and support lo ov&r 100 people. It has undertaken other aclivilies as follows..
COMMUNITY WELFARE FOUNDATION LTD Registered number: 08719540 Dlrectors. Report .Adult Training .Employment finding Support .Career Advice .Annual General Meeting .Teaching English for nY migrated people from Europe •Ad¢Jitional academic support provide to school students .Facililate cultural program. Supporting families where possible and enabling additional extemal support lo meet their needt for example through relevant workshops as requested .Social inclusion for elderly peoplg 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 a satisfied that the charitls activities have benefited the public as il 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 osition- The Statements of Finar¢cial Activilies shows a net surplus of £3,051 with net fund of £ 4,177 as at 31 October 2022. £1.055 and £3.912 as on 31 October 2021. Directors l Trustees, Res onsibilities: The trustees Iwho are also directors of Docklands Community Organisalion for the purposes of company lawl are responsible for preparing the Trustees. Annu81 Report and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice}. Company law requires the trustees lo prepare financial statements for each financial year. which give a true and fair view of the slate 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 ar& r8quir8d to.. 1. select suitable accounting policies and then appty them consistently,. 2. observe the rnethods and principles in the Charities SORP2015 IFRS 1021.. 3. make judgements and estimates that are reasonable and prudent- 4. stale 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 lo Dresume that the charitable comDanv wll continue in ODeration
COMMUNITY WELFARE FOUNDATION LTD Registered number: 08719540 Dlrectors. Report The trustees are responsible for keeping adequate accounting records that disclose wth reasonable accuracy at any time the financial posity'on of the charitsble company and onable them to ensLtre that the financial statements comply wlh 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: th&re is no relevant audit information of which the charitable company's auditor is unaware.. and the trustees have taken all steps that they ought lo have taken to mak8 themselves aware of any relevant audit infomiation and to establish that the auditor is aware of that infomiation
COMMUNITY WELFARE FOUNDATION LTD Registered number: 08719540 DirgGtors' Report Inde endent Examiner: An independent examiner was carried out by ABC Accountants. The company elected lo dispense th the annual appointment of examiners. In the absence of a specific resolution lo the contrary ABC Accountants will continue in office. These financial st*emenls have been prepared in accordance with the provisions applicable to companies subject lo the small companies, regime and in accordance wth FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. f .1.. July2023. This report was approved by the directorsllruslees on... Signed on behalf of the board of directorsllrustees Mohammad Kamal Hossain
COMMUNITY WELFARE FOUNDATION LTD REPORT OF THE INDEPENDENT EXAMINER TO THE DIRECTORS I TRUSTEES OF DOCI(LANDS COMMUNITY ORGANISATION I report on the accounts of the company for the year ended 31 October 2022 which ar8 sel out on pages 9 to 11 and have been prepared on thg basis of accounting policies set out on page 12. records and from information and explanations you havg given us.. Respective responsibilities of trustees and 8xaminer The Iruslees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The truslees consider that an audit is not required for this year under section 144{21 of the Charities Act 2011 Ilhe 2011 Act) and that an independent examination is needed. The charill5 gross incorne exceeded £25,000 and l am qualified to undertake the examination by being a qualified member of ACCA. Having satisfied myself that the charity is not subjecl lo 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 slate vknelher particular matters have come to my allention Basis of independent examingr's report My examination was carried out in accordance with the general Directions given by the Challty Commission. An examination includes a review of the accounting T8cords kept by the charity and a comparison of th8 accounts presented with those records. It also includes consideration of any unusual items or disdosures in the accounts, and seeking explanations from you as trustees concerning ariy such matters. The procedurgs undertaken do not provide all the evidenc8 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 lo those matters set out in the statement below. Inde endent examinevs 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 requirem8nls'. to keep accounting records in ac¢ordan¢e with section 386 of the Companies Act 2006,. and lo prepare accounts which accord wth the accounting records. comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Stalefflenl of Recommended Practice.. Accounting and Reporting by Charities have not been met- or 2. to which, in my opinion. attention should ba drawn in order to enable a proper understanding of the a¢¢ounlanl to be reached. ABC Accountants Unit 6 80A Ashfield Street London E1 2BJ 31 July 2023
COMMUNITY WELFARE FOUNDATION LTD STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 October 2022 INCOME AND EXPENDITURE Unrestricted Restricted 2022 2021 INCOMING RESOURCES Voluntary Income Charitsble Activities Income 105,211 105,211 114.778 105,211 105,211 114,778 RESOURCES EXPENDED Voluntary Cost Charitablè Activit18s Cost Administrative Cost 94.919 7.241 94.919 7,241 104,512 9.211 RESOURCES EXPENDED 102,160 102,160 113,723 NET INCOMEIDEFICIT FOR THE YEAR 3,051 3.051 1,055 Funds as at 31 October 2022 4,964 3.909 Fund Movement 3.051 1,055 Funds as at 31 Oetob8r 2022 8.015
COMMUNITY WELFARE FOUNDATION LTD Reglstered number: Balance Shogt as at 31 October 2022 08719540 Not8s 2022 2021 Flxed assats Tangible assets 4,488 4,488 2.552 2.552 Current assets Cash at bank and in hand 4.177 3.912 3,912 Creditors: amount$ falllng due within one year (6501 11,500) Net current assets 3,527 2.412 Total assats l?s$ current Ilablllties 8.015 4.964 Ngt assets 8,015 4,964 Funds Unrestricted ftjnds.. General Unrestricted funds.. GerEral Restricted fund 12 8.015 Totsl Fund$ 8,015 The directors are satisfied that the company is entslled to &x6mplion from the requirement to obtain an aL¢dil under section 477 of the Companies Act 2006. The Members have not required the company lo obtain an audit in accordance th Section 476 of the Act. The directors acknovAedge their responsibilities for complyng with the requirements of the Companies Act 2006 wth respect to accounting records and the preparation of accounts. These financial statements hav8 been prepared in accordance with the provisions applicable to companies subject to the small companies regime, and accordance wth FRS 102 be Financial Reporting Standard applicable in the UK and Republic of Ireland,. The financial statements wer8 approwd by the board of directors and authorised for issue on .July 2023, and are signed on behalf of the board by.. Mohammad Ka Director Approved by the board on 31 July 2023 al Hossain Member Kazi Md Ashan Sharif Secretary Farazy Ikram
COMMUNITY WELFARE FOUNDATION LTD Notes to Ihe Accounts for the year ended 31 October 2022 1 Accountlng pollcles Basis of preparation The financial statements has been prepared in accordance with Accounting and Reporttng 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 IFRS 102)18ffecli've 1 January 20151_ {Charities SORP 2015 IFRS 1021. The charity meets the definilion of a public benefit entity under FRS 102. Assets and liabilities are initsally recognised at historical cost or transaction value unless otherw¢se stated in the relevant 1.1 GrantslDonation recoiva bl•.. GrantslDonalions for immediate expenditure are a¢¢ounted for when they become receivable. GrantslDonalions receiwd for specific purposes are treated as reslricled funds. GrantslDonalions restricted to future accounting period are deferred and recognised in those Deriods. 1.2 Allocatlon of cost: Costs are allocated betseen restricted and unrestricted fund according lo the terms of income. Where items expended are mixed, they are apportion8d between the categories according lo the income they relate lo as well as using best possible professional judgements. 1.3 Support ¢ost Support costs are those functions that assist the work of the charity bul do not directly undert8ke charitable aclivilies. Support costs inclu¢Je back ofnce costs. finance, personnal. payroll and goemance costs which support the Trusts programmes and activities. These costs hava been allocated betsveen cost of raising funds and expenditure on charitable activities. 1.4 Rosorve Pollcy In ling with the best practice of charitable sector the charity plans lo deelopeij a r8serv8 policy lo provide financial slability, deelopment of principal activities and guard against unforeseen costs. This is not finalised as The director5 aulhorise fund movements lo meet those needs. 1.5 Tanglblo fixed assets and depreclatlon: Tangible fixed assets are stated 8t cost less depreciation. Depreciation is provided at the annual rates in order lo write off each class of assets our ils estimated useful life. FF & Equipm8nfs no residual value 1.6Fundty'. Unrestricted funds are available for usg at the discretion of the tnjstees in furtherance of th general objecliws of the charity and which have not been designated for other purpose5 Designated funds comprise unrestricted funds that has been set aside by the trustees fc particular purposes. Th8 aim and use of &a¢h dosignaled fund is sot out in the nol8S to the financial statements. Resiricted funds arè lunds which are to btr used In accordance with specific restn'dions imposed by donors or which has been rdised by the charity for particular purposes. The cost of raising and adrnini5tering 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 2022 1.7 Reconclliation of new and previous GBn•ralty Accepted A¢¢ountlng Pra¢tice IGAAPI: There is no requirement of balance sheet and nel incomellexpen¢Jiturel restslomenl for adoption of FRS 102, therefore, no reconciliation is shown. In¢omlng Re50urc¢s Incoming resources are the amounts de[tV from the provision of charitable services. th8 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 unr6slricted funds. Donations and grants for activities restricted by the wishes of the dollor are taken lo restricted funds where these shes are leoally bindinq on the Iruslees. 3 Voluntary Income Unrestlloted Reslricled 2022 2021 Don8.OnS 105.211 105,211 105,211 105,211 114.778 114,778 4 Charb¢abh Actlvltles Cost Dlrecl co8t Rent, Rate ond Water Rates Telephon& & intemet charg&s Light & Heat R8pairs & maintenanr*-¢leaning Equipment Expensed pps Depr8ciation on Fumltura, Fittsng and Equipment's 18,750 56,000 5.643 560 3.650 4.390 4,090 985 18.750 56,000 5.643 560 3.650 4,390 4,090 985 24.593 56,000 5,643 480 6,895 7.856 1,209 985 851 94.919 851 94.919 851 104,512
COMMUNITY WELFARE FOUNDATION LTD Notes to the Accounts for the year endod 31 October 2022 5 AdminIstrat• Cost Adv8rtand PR Insur8ace Other Legal and Profession81 Trav81 Soltware Informa'on and Public8tion Bank charges Legal & professional inc Accountancy 2.890 716 1,050 1.125 500 400 60 2,890 716 1,050 1,125 500 400 60 2.500 716 1,050 2,485 400 500 60 500 7.241 500 7,241 1.500 9.211 6 Tangible flx•d assets Plant and machinery otc Land and buildings Motor vehlclos Total Cost At 1 November 2021 Additions Surplus on f8valualion Disposals Al 31 October 2022 6,273 2,420 6,273 2.420 8,693 8,693 Depreciation At 1 November 2021 Charge for the year Surplus on revalvalion On disposals Al 31 October 2022 3.721 3,721 484 4.205 4,205 Net book value At 31 October 2022 4.488 4,488 At 31 October 2021 2,552 2.552 7 Craditors: amounts falllng duo within on• year 2022 2021 Taxation and social security costs Other creditors
COMMUNITY WELFARE FOUNDATION LTD Note5 to the Accounts for the year ended 31 October 2022 8 Contlngent liabilities The companyl¢harity had no contingent liabilities as at 31 October 2022 nor at 31 October 2021 9 Off-balance sheet arrangements There were no significant post balance sheet events. 10 Ralatad party transactions There were no disclosable related party transactions during the year. 11 Glfts In Klnd And Volunteers During the ar the companylcharity benefited from unpaid work pertormed by volunteers. 12 Oth8r information COMMUNITY WELFARE FOUNDATION LTD 15 a private company limited by shares and incorporated in England. Ils registered office is: 191 Balaam Street London E138AA