Company Registration Number - 08370779
The Charity Registration Number is :- 1158215
MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST)
Amended Report and Accounts
31 January 2023
MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST)
Amended Report and accounts for the year ended 31 January 2023
Contents
| Page | ||
|---|---|---|
| Trustees' Annual Report | 1-4 | |
| Statement of directors' responsibilities | 5-6 | |
| Independent Examiner's Report | 7 | |
| Funds Statements:- | ||
| Statement of Financial Activities | 8 | |
| Statement of Financial Activities - Prior Year statement | 9 | |
| Movements in funds | 10 | |
| Income and Expenditure account (CA 2006) | 11 |
| Balance sheet | 12 |
|---|---|
| Notes to the accounts | 13-18 |
MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST)
Company Registration Number: 08370779
Amended Trustees' Annual Report for the year ended 31 January 2023
The Trustees present their Report and Accounts for the year ended 31 January 2023, which also comprises the Directors' Report required by the Companies Act 2006.
Reference and administrative details
The charity name.
The legal name of the charity is:- MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST).
The charity is also known by its operating name, MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST).
The charity's areas operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1158215.
The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
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MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST)
Company Registration Number: 08370779
Amended Trustees' Annual Report for the year ended 31 January 2023
The principal operating address, telephone number, email and web addresses of the charity
26 Fencepiece Road Barkingside, Ilford Essex IG6 2JX Telephone: 07950 774709
The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
The Trustees in office on the date the report was approved were:-
Meher Khan Amtal Rana Asiya Khan
The following persons served as Trustees during the year ended 31 January 2023 :-
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
Appointed on Meher Khan 16/10/2013 Amtal Rana 16/10/2013 Asiya Khan 25/10/2016
All the trustees are also members of the charity.
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
To promote the benefit of the residents of the London Borough of Waltham Forest, in particular, but not exclusively, women and children from black minority ethnic (BME) backgrounds by: a) the advancement of education.
b) the relief of poverty.
c) the provision, in the interest of social welfare, of facilities for recreation or other leisure time occupation with the object of improving the conditions of life of the beneficiaries.
d) promoting social inclusion by working with socially excluded people (in a particular women and children from BME backgrounds) so they can play a fuller part in their communities so that their conditions of life may improve.
The prevention or relief of poverty anywhere in the world by providing grants, items and services to individuals in need and /or charities, or other organisations working to prevent or relieve poverty.
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MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST)
Company Registration Number: 08370779
Amended Trustees' Annual Report for the year ended 31 January 2023
The main activities undertaken in relation to those purposes during the year.
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1.) Literary sessions regularly attended by women on a weekly basis
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2.) Providing support to women with children
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3.) Weekly Arabic classes provided to women with lunch
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4.) Advice through telephone for issues surrounding welfare benefits
The main activities undertaken during the year to further the charity's purpose for the public benefit.
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1.) Educating women through literary classes to improve accent for employment
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2.) Raising awareness of issues pertaining to women and children
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
The short term and longer term aims and objectives.
In the short term the organisation will continue to provide its service by means of volunteers and voluntary donations.
Additionally, in the long term the organisation hopes to secure funding and to employ staff and set up activities on a permanent basis.
The charity's strategies for achieving its aims and objectives in the future.
To continue providing its services using a pool of dedicated volunteers.
To apply for funding and grants to help run the scheme.
How the activities undertaken during the year contributed to the achievement of the aims and objectives.
Undertaken partnership with other groups to run sessions and activities to meet the aims and objectives of the organisation.
Structure, governance and management of the charity
The methods used to recruit and appoint new charity trustees.
The Muslim Women's Welfare Association (Waltham Forest) seeks to appoint trustees who have relevant and often specialist knowledge. This is supported by appointing as trustees those with complementary skills - e.g. finance, administration or relevant professional experience and knowledge.
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MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST)
Company Registration Number: 08370779
Amended Trustees' Annual Report for the year ended 31 January 2023
Financial review
The charity's financial position at the end of the year ended 31 January 2023
The financial position of the charity at 31 January 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Total Unrestricted Funds Restricted Revenue Funds Total Restricted Funds Total Funds Net income Unrestricted Revenue Funds available for the general purposes of the charity |
2023 £ 249,103 4,235 4,235 247,394 247,394 251,629 |
2022 £ 561 |
|---|---|---|
| 2,526 | ||
| 2,526 | ||
| - | ||
| - | ||
| 2,526 |
Financial review of the position at the reporting date, 31 January 2023 .
The trustees consider the financial performance by the charity during the year to have been satisfactory.
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MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST)
Company Registration Number: 08370779
Amended Trustees' Annual Report for the year ended 31 January 2023
Statement of the Directors Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
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to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
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state whether applicable accounting standards and statements of
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recommended practice have been followed, subject to any material
-
departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST)
Company Registration Number: 08370779
Amended Trustees' Annual Report for the year ended 31 January 2023
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
Method of preparation of accounts - Small company provisions
The financial statements are set out on pages 8 to 18.
The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 20 November 2023.
M KHAN
Director and Trustee
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MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST)
Amended Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 January 2023
I report to the trustees on my examination of the financial statements of MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST) (‘the charity') for the year ended 31 January 2023 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.
Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement, Report and Opinion
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
The financial statements do not accord with those records; or
The financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 financial statements to be reached.
Signed:-
peterjayawardene (Nov 23, 2023 11:08 GMT)peterjayawardene
MR P. JAYAWARDENE - Independent Examiner
Member of The Institute of Chartered Accountants
4A The Avenue Highams Park London E4 9LD
This report was signed on 23 November 2023
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MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST) - Amended Statement of Financial Activities for the year ended 31 January 2023
Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 January 2023, as required by the Companies Act 2006)
| Current year Unrestricted Funds 2023 £ Income & Endowments from: Donations & Legacies A1 3,395 Total income A 3,395 Expenditure on: Charitable activities B2 1,686 Total expenditure B 1,686 Net income for the year 1,709 Net income after transfers A-B-C 1,709 1,709 Reconciliation of funds:- E Total funds brought forward 2,526 Total funds carried forward 4,235 SORP Ref Net movement in funds |
Current year Restricted Funds 2023 £ 250,000 250,000 2,606 2,606 247,394 247,394 247,394 - 247,394 |
Current year Total Funds 2023 £ 253,395 253,395 4,292 4,292 249,103 249,103 249,103 2,526 251,629 |
Prior Year Total Funds 2022 £ 2,019 |
|---|---|---|---|
| 2,019 | |||
| 1,458 | |||
| 1,458 | |||
| 561 | |||
| 561 | |||
| 561 1,965 |
|||
| 2,526 |
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
The notes attached on pages 13 to 18 form an integral part of these accounts.
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MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST) - Amended Statement of Financial Activities for the year ended 31 January 2023
MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST) - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP
| Income & Endowments from: Donations & Legacies A1 Total income A Expenditure on: Charitable activities B2 Total expenditure B Net income for the year Net income after transfers Reconciliation of funds:- E Total funds brought forward Total funds carried forward SORP Ref Net movement in funds |
Prior Year Unrestricted Funds 2022 £ 2,019 2,019 1,458 1,458 561 561 561 1,965 2,526 |
Prior Year Restricted Funds 2022 £ - - - - - - - - - |
Prior Year Total Funds 2022 £ 2,019 2,019 1,458 1,458 561 561 561 1,965 |
|---|---|---|---|
| 2,526 |
All activities derive from continuing operations
The notes attached on pages 13 to 18 form an integral part of these accounts.
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MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST) - Amended Statement of Financial Activities for the year ended 31 January 2023
MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST) - Resources applied in the year ended 31 January 2023 towards fixed assets for Charity use:-
| Funds generated in the year as detailed in the SOFA Resources applied on functional fixed assets Net resources available to fund charitable activities |
2023 £ 249,103 (250,000) (897) |
2022 £ 561 - |
|---|---|---|
| 561 |
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
Movements in revenue and capital funds for the year ended 31 January 2023
Revenue accumulated funds
| Unrestricted Funds 2023 £ Accumulated funds brought forward 2,526 1,709 4,235 Closing revenue funds 4,235 Summary of funds Unrestricted and Designated funds 2023 £ Revenue accumulated funds 4,235 Total funds 4,235 Recognised gains and losses before transfers |
Restricted Funds 2023 £ - 247,394 247,394 247,394 Restricted Funds 2023 £ 247,394 247,394 |
Total Funds 2023 £ 2,526 249,103 251,629 251,629 Total Funds 2023 £ 251,629 251,629 |
Last year Total Funds 2022 £ 1,965 561 |
|---|---|---|---|
| 2,526 | |||
| 2,526 | |||
| Last Year Total Funds 2022 £ 2,526 |
|||
| 2,526 |
The notes attached on pages 13 to 18 form an integral part of these accounts.
10
MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST) - Amended Statement of Financial Activities for the year ended 31 January 2023
MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST) Income and Expenditure Account for the year ended 31 January 2023 as required by the Companies Act 2006
| Income Income from operations Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Governance costs Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year All activities derive from continuing operations Net income after tax in the financial year Net income before tax in the financial year |
2023 £ 253,395 253,395 253,395 3,992 300 4,292 249,103 - 249,103 249,103 |
2022 £ 2,019 |
|---|---|---|
| 2,019 | ||
| 2,019 | ||
| 1,458 - |
||
| 1,458 | ||
| 561 - |
||
| 561 | ||
| 561 | ||
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 13 to 18 form an integral part of these accounts.
11
MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST) - Amended Balance Sheet as at 31 January 2023
| Notes SORP Ref Fixed assets A Tangible assets 6 A2 Total fixed assets Current assets B Cash at bank and in hand B4 Creditors: amounts falling due within one year 7 C1 Net current assets The total net assets of the charity Restricted funds Restricted Revenue Funds 10 D2 Unrestricted Funds Unrestricted Revenue Funds 10 D3 Total charity funds The total net assets of the charity are funded by the |
2023 2022 £ £ 250,000 - 250,000 - 3,705 3,276 (2,076) (750) 1,629 2,526 251,629 2,526 247,394 - 247,394 - 4,235 2,526 4,235 2,526 251,629 2,526 funds of the charity, as follows:- |
2022 £ - |
|---|---|---|
| 2,526 | ||
| - 2,526 |
||
| 2,526 |
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
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.
The charity is not subject to an Independent Examination under charity legislation.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
M KHAN
Trustee
Approved by the board of trustees on 20 November 2023
The notes attached on pages 13 to 18 form an integral part of these accounts.
12
MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST)
Amended Notes to the Accounts for the year ended 31 January 2023
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Going Concern
The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.
Risks and future assumptions
The charity is a public benefit entity.
Policies relating to categories of income and income recognition.
Nature of income
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Categories of Income
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
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MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST)
Amended Notes to the Accounts for the year ended 31 January 2023
Income recognition
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
Policies relating to expenditure on goods and services provided to the charity.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Allocating costs to activities
Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.
The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-
Staffing - on the basis of time spent in connection with any particular activity. Staffing - on a per capita basis, based on the number of of people employed within any partiular activity. Premises related costs - on the proportion of floor area occupied by a particular activity.
Non specific support costs - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures .
Volunteers
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note 4.
14
MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST)
Amended Notes to the Accounts for the year ended 31 January 2023
Policies relating to assets, liabilities and provisions and other matters.
Tangible fixed assets
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Freehold premises
0 % straight line
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
There are no endowment funds.
2 Liability to taxation
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose.
3 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
4 The contribution of volunteers
The charity depends on the support of its volunteers, which is much appreciated. The charity depends on the support of 3 regular volunteers to organise, publicise and facilitate all the activities. The volunteers liaise with other organisations to help set up the activities which we have been running. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.
5 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
15
MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST)
Amended Notes to the Accounts for the year ended 31 January 2023
6 Tangible fixed assets
| Current Year Cost At 1 February 2022 Additions At 31 January 2023 Net book value At 31 January 2023 At 31 January 2022 7 Creditors: amounts falling due within one year Accruals |
Land and Buildings £ - 250,000 |
Plant & Machinery £ - - |
Motor Vehicles £ - - |
Total £ - 250,000 |
|---|---|---|---|---|
| 250,000 | - | - | 250,000 | |
| 250,000 | - | - | 250,000 | |
| - | - | - | - | |
| 2023 £ 2,076 |
2022 £ 750 |
|||
| 2,076 | 750 |
16
MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST)
Amended Notes to the Accounts for the year ended 31 January 2023
| 8 Income and Expenditure account summary At 1 February 2022 Surplus after tax for the year At 31 January 2023 9 Particulars of how particular funds are represented by assets and liabilities At 31 January 2023 Unrestricted Designated funds funds £ £ Tangible Fixed Assets 250,000 - Current Assets (243,689) Current Liabilities (2,076) - 4,235 - At 1 February 2022 Unrestricted Designated funds funds £ £ Tangible Fixed Assets - - Current Assets 3,276 - Current Liabilities (750) - 2,526 - |
8 Income and Expenditure account summary At 1 February 2022 Surplus after tax for the year At 31 January 2023 9 Particulars of how particular funds are represented by assets and liabilities At 31 January 2023 Unrestricted Designated funds funds £ £ Tangible Fixed Assets 250,000 - Current Assets (243,689) Current Liabilities (2,076) - 4,235 - At 1 February 2022 Unrestricted Designated funds funds £ £ Tangible Fixed Assets - - Current Assets 3,276 - Current Liabilities (750) - 2,526 - |
8 Income and Expenditure account summary At 1 February 2022 Surplus after tax for the year At 31 January 2023 9 Particulars of how particular funds are represented by assets and liabilities At 31 January 2023 Unrestricted Designated funds funds £ £ Tangible Fixed Assets 250,000 - Current Assets (243,689) Current Liabilities (2,076) - 4,235 - At 1 February 2022 Unrestricted Designated funds funds £ £ Tangible Fixed Assets - - Current Assets 3,276 - Current Liabilities (750) - 2,526 - |
2023 £ 2,526 249,103 |
2022 £ 1,965 561 |
|---|---|---|---|---|
| 251,629 | 2,526 | |||
| Restricted funds £ - 247,394 - |
Total Funds £ 250,000 3,705 (2,076) |
|||
| 4,235 | - | 247,394 | 251,629 | |
| Unrestricted funds £ - 3,276 (750) |
Designated funds £ - - - |
Restricted funds £ - - - |
Total Funds £ - 3,276 (750) |
|
| 2,526 | - | - | 2,526 |
10 Change in total funds over the year as shown in Note 9 , analysed by individual funds
| Unrestricted and designated funds:- Unrestricted Revenue Funds Total unrestricted and designated funds Restricted funds:- Restricted Fixed Asset Funds Total restricted funds Total charity funds |
Funds brought forward from 2022 £ 2,526 |
Movement in funds in 2023 See Note 11 £ 1,709 |
Transfers between funds in 2023 See Note 0 £ - |
Funds carried forward to 2024 £ 4,235 |
|---|---|---|---|---|
| 2,526 | 1,709 | - | 4,235 | |
| - | 247,394 | - | 247,394 | |
| - | 247,394 | - | 247,394 | |
| 2,526 | 249,103 | - | 251,629 |
17
MUSLIM WOMEN'S WELFARE ASSOCIATION (WALTHAM FOREST)
Amended Notes to the Accounts for the year ended 31 January 2023
11 Analysis of movements in funds over the year as shown in Note 10
| Unrestricted and designated funds:- Unrestricted Revenue Funds Restricted funds:- Restricted Fixed Asset Funds |
Income 2023 £ 3,395 250,000 |
Expenditure 2023 £ (1,686) (2,606) |
Other Gains & Losses 2023 £ - - |
Movement in funds 2023 £ 1,709 247,394 |
|---|---|---|---|---|
| 253,395 | (4,292) | - | 249,103 |
12 The purposes for which the funds as
Unrestricted and designated funds:-
Unrestricted Revenue Funds
Unrestricted Revaluation Reserve
These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
This fund represents the unrestricted surplus arising on the revaluation of the charity's assets.
Restricted funds:-
Restricted Fixed Asset Funds
Restricted Revaluation Reserve
The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of the charity's assets.
13 Ultimate controlling party
The charity is under the control of its legal members.
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