PAKISTAN WELFARE ASSOCIATION UK Chjrlty No. 1164619 Trustees, RepDrt and Unauditsd ADnIS 31 March 2024
PAKISTAN WELFARE ASSOCIATION UK Cohtents Pages 2to3 Trustee5' knnu81 Report lThdependent Examlner's Report Stat¢ment of Financial Activltles 4t04 5105 Balance Sheet 6t06 Notes to the Accounts 7toll Page I
PAKISTAN WELFARE ASSOCIATION UK Trustee5 Annual Report Cha¥ity The trustees present their report wlth rhe unaudited finandal statements of the charlty for the year ended 31 Marth 2024. REFERENCE AND ADMINISTRATIVE DETAILS Chaylly No, 1164619 Prlnclp81 Offlce 44 Upper Tootlng Road London SW17 7PD Trustees The followln8 trustee5 serve4 during thè ye3r'. F.H. Cliaudh3rv N. Cliaudl>ary Key Man8gement P•rsonnel Ch¥lr Tru5toe A¢countJnts Flda Ch?udh3ry Nafee$8 Chaudhary Mohammad Shah & Co, LLP Bank House 209, Merton Road Wlmbledon Londen SW19 IEE Bankèrs Barclays Bank Pl¢ 188 Clapham Hl8h St SW4 71JF OBJEcfivES AND ACTIVITIES The purpose ol tho chaTlty to help PTOrnOtc educatlon lor public benefii by the provision of 8rants and school for orph8ns and under privlleged children anywhere In the world. Preventor rellef poverty anywhere In the world. Relleve flnanci81 h8rdshlp, homelessness. slckness and pogr health arfflongst elderly people glob?li58d. ACHIEVEMENTS AND PERFORMANCE PLANS FOR FUTURE PERIODS It has been started with ? sn11 bulldin8 which was bullt In 200712008. Now around 21000 square feet buikling whlch Is cèterlng for around 250 sthool students 35 reeiouseducarlon students. Initlallystarted the School wilh ye4r 14 level now It becomes year 1-10 level. It shows substantial Improvements. Colle8e level will stzrted soott. P8Be 2
PAKISTAN WÉIFARE ASSOCIATION UK Trustees Annual Report ststement of trustees, respon$ibilliies In relatlon to thE financial stslethents The charity trustee5 are responslble for preparlrbg a irustees. annual report and flnandal stètemènts In accordance with 3pplicable law and Vnlted Kln8dom Accountingstandards Iunited Klngdom Generally Attepled Acwuntlng Prarticel. The trustees are respOn1hre for keeplng proper a¢uting records that dlsclose wltli reasonable accuracy at eny tlme the Ilnanclal position ofthe chèrity and to enable them to ensure that the flnanclaS staternents comply wlth the Charities Act 2011, the appli¢able Charitles (Accounts and Reports) Re8u12tlons. and the provlslons of the Trust deed. The Trustees aré also responslble fors8feguardinB the assels ul the chaTity and hence t8kin8 reason3ble steps for the preventipn and detection of fraud and other Irregularltles. Slgned on behalf ol the tharity's trustees F.H. Ch¥udharv Twstee 20 December 2024 Page 3
PAKISTAN WELFARE ASSOCIATION UK Indopendant Ex3mlneT5 Report Independent Examlner's Reportto the trustee5 of PAKi¥fAN WELFARE ASSOCIATION UK I report rg the trustees on my exarnlNatlorn of the flnanci?I statements of PAKISTAN WELFARE ASSOCIATION UK for the year ended 31 March 2024. Re$ponsibilltles and basls of report A5 the ¢harity's trustees you are responsible lor the preparatlon of the financlal statement5 In iccordarKe wlth the requlrements of the Cliarltle5 Act 20111'the Act'l. I report In respoct ol myekamlnallon of tho chartty's flnancial statements carrled out vndor sectton 145 01 the 2011 Act and in cariyln8 Out my examln8tlon I have followed all the applicable Dlreciions givon by the Charfty Commlsslon under section 145lSllbl of the Act. Independent examlneY'$ statement I have complotod my eyamlnatlon. I can tonflrm that no mater5al matters have comè to my attèntlon In connection wlth the examlnatlon glvlng me cau5fi tc belleve that in any materlal respect.. the accountln8 records were not kept In respect of the charlty a5 requlred by sectlon 130 of the Act,. or the flnanclal statements do not with thostr iecords,. or the fln3nclal statements not comply wtth the appllcable rtqulrements concernln8 tl)e form and ontent ol fln8nclal statement5 set out In the Charltles IAecounts and Reports) Regulatlons 2W8 other than any requlremertt that the flnanclal siatementS 8lve a'true and lair, VIÈW whlch Is not a matter tonsldered as part ol on Independent examlnatlon. I have ng wn¢erns and have come across no othér matters lrn connertlon wlth tl)e examlnatlon to whlch attentlon should bo drawn In thls report In orderto enable 8 proper unders¢andlnB of the ftnanclal Statements to be reached. Moh4rnmad Sl)ah & Co. L 8ank Hous 209, Merton Road Wlmbledon London SW19 IEE 31 March 2024 Page 4
PAKISTAN WELFARE ASSOCIATION UI< Statèrnent of Financlal Activitles for the y•ai ended 31 M8ich 2024 Unrestrkted Endowment funds tunds Total fund$ Total fund5 2024 2024 2023 2024 Notes Income and endowments from.. Oonations ènd le83cles Inve5tment5 22.934 12,188 22,934 12,188 28.387 12,000 Total 35.122 35,122 40,387 E)rpendltuYe on: Charitsble actlvltlès Other 1,000 29,250 49,193 49,193 Total 49,193 49,193 30,260 Net galns on Investments Net lexpÈndlturellincom8 Transfers between funds N*t lexpendlturelllncome before other8aln$lllossosl 114,0711 114,0711 10,127 114,0711 114,0711 10,127 Other 8aln$ 8nd losiès Net movèment In fuftds 114,0711 114,0711 10,127 Re(ondllatlon of funds: Total funds br¢u8ht forw?rd 126,102 115,0 241,102 230,975 Yotal fund$ carrlèd fowwjrd 112,031 iis,coo 227.031 241,102 Page S
PAKISYAhl WELFARE ASSOCIATION UK Balance Sheet at 31 March 2024 Ch8rfty No. 1164619 2024 2023 Flxed assets Tangible assets 199,870 199.870 199,870 199,870 Cvttent assets 3sh at bank and in hand 27,161 27.161 27,161 41,232 41,232 41,232 241,102 N4t curient assets Tot81 a5sets18ss (uyrevt Ilabllltles 227,031 227,031 Nat assets *xcludln¥ penslon assth or Ilablllty 241,102 Total net ass8t5 227,031 241,102 Th• tund$ of tho charlty Restrlrted funds Endowmant funds 115.000 115,QC iis.000 I15,0 Unrestr5ct•d funda General fvnds 112,031 126,102 112,a31 126,102 Reserves Total fund5 227,031 241,102 Approved by the trustees on 20 D8cember 2Q24 And $18ned on thelr behèlf by: udhary Trustee 20 Detember 2024 Page 6
PAKISTAN WELFARÉ ASSOCIATION UI< Notes to the Attount5 for the year ended 31 March 2024 l ArcouThtln8 pollcle5 Basls of preparatlon The lin8neial statements have been prepared in accordan with Ststement of Recommended Pract1. Accountln8 and Reportlng by Charlties prepariTr8 their accounts In accordance wlth the Flnanclal Reporting Standard appllcable in the UK and Republl¢11 Ireland IFRS 1021 i.55ued on 16 July 2014 and thE Flnancial Reporting Standard appll¢able In the Unlted Kingdom and Republlc uf Ireland (Fns 1021 and the harltles Act 2011. Chinge in basls of acwuntinK OT to prevlous aceounrs There has beEn no change to the accountin8 pullcles Ivaluation rules and method ol accountlngl slncE last year and no changes have been made to accounts for prevlous yÈars. Fuhd accauntln8 Unrestricted funds Thèse èro avallable for use at the dlscretlon ¢1 the trustee5 In furtheran of the general objects ol the charily. Thesp are ynrestrlcted funds Éarmarked by Ihe trustees lor partlcular purposes. These are unrestrlcted funds whlch In¢lude z revaluatlon rese¢ representin8 the resiatemeiit ol Iiivestment assots at thelr merket values. These are avall8ble ltsr use 5uble¢t to restrktSons Imposed by the donor Dr through terms of ?n appeal. Deslgnated funds Revaluatlon funds ftellilcted funds Income R¢toBnltlon of Income Income Is Includod In the Statement of Fln3nclo1 Actlvitles ISOFAI when the charlty become5 entltled to, and vlrtually tertaln to recelvo, the Income and tht amotsnt of the income can be measured wlth sulflclènt rellabllltv. Income wlth related Where Inwme has related expendlture the IncomÈ and related èxpendlture Is expendlture reportpd gross In the SOFA. Donatlons and legacle5 Volunt8ry Income YeIved by w)yol grant5, donatlons and 8lfts Is Sncluded ITr the the SOFA when recelvzble and ohlywhen the Charity has un¢ondltl¢nal LJntltlement to the In¢¢ime. Tax reclaims on Incorne from tax redalms Is Included In the SOFA at the same tlme as tl)e di)natlons and g1ft5 8lft/donatlon to which It Telates. Donated SBrvlcos These are only In¢ludod In Income Iwith an equlvalent amount in expendlturel and facllltles wliere the beneflt to the Charllyls Te£sonably quantlllable, measurable and materièl. Volunteer help Yhe value of Bnyvolunteer help re¢elved is not Included In the 3£counts. Investment Income This Is included In the ac¢ount5 when recelvable. Galn5lllossesl on Thls intludes any gain or loss resultlnE from revaluing Investments to market value revaluation olflxed Èt thè end of the year. a55Cts Gains/llossesl on Investment assets This inclvdes any 6aln or loss on the sale of Investrnents. Page 7
PAKISTAN WELFARE ASSOCIATIOht UK Notes to ihe A¢counts Expendlture Recognltion of expendlture Expendlture is Yec¢¥nlsed on in accrLials basls. Expenditure includes any VAT whlch cannot be fully recovered, and Is reported as part of tlie expenditure to which It ielates. EXpendItre on These comprisethe c05t$ 8ssociatpd wlth attr?cting¥oluntary Income, fundraisbn& raisin8 funds tradlng costs and investment manaRement costs. Expenditure on These cornprlse the costs incurrp.d by the Charity In the delivery of its activities and charltable attivlties servlces In the furtherance of its objects, IDiludlnE the making Df grants and governante costs. All grant expenditure Is èc¢ovnted for on an actuil pèid basls plus an accrual for 8rant5 that have been approved by the trustees at the oiid o the y&ar but not yet pald. These include those cost5 associated w5th meetlng the constllutional and statutory requlrements of th¢ Charlty, Includln8 ary audltlindependent oxamlnatioii fees, cost5 Ilnked to the strat¢glc management of the Charlty, together wlth a share of other administration costs. Other expendlture These are support wsts not allocated to a partlcular actlvllv. Grants payable Governance costs Y?xatlon The charlty Is exèmpt from tax on Its chaTStable a¢tfvltles. Cash and Cash equlvalent5 Cash and casli equlvalet)ts compr+se cash at bank and on hand, demand depaslts vjlth b&nks and other short-term hlghly Ilquld Investments wlth orlglnal maturitle5 01 three month5 or less and bank overdrafts, In ihe statement of flnanclal pcsltlon, bank overdralts are shown wlthln borrowln85 Dr current Ilabllltlès. In the Statemen of Cash Flows, cash and cash eqvlv8lents are sliown net of bank overdr¥fts tl)at are repayable on demand and form an Integral part ol the company's cash manègement. Trado and other<redltors ShorL terrn credltors are measured at the Irpnsocdon prlce. Othèr creditors and provlslons are reco8nlsed where the eh8riiV h85 a presentoblig3tlon resultlnB frtyn a past event that will probably result In the transfer of funds to a thlrd pariy and the amount due to Settle tlie obli&atlon can be measured or estlmatod rèliably. Credltors and proSIr)n5 are normally recognlsed at their settlement amount after allow1 for any tradè dlscounts due. Penslon £ost$ Thè charlty operates a deflned contribulion plan for It5 employees. A defined contrlbutlon plan Is a penslon plèn under whSch the charlly pays tlxed contributlons Into a separate entlty. On£e the contrlbvtions havo been pald the charity ha5 no further payments oblSgations. The contrlbutlon5 are recognlsed a5 expense$ when they fall due. Amounts not pald are shown in accruals in the balance sheel. The assets of the plan are held separately from the charlty In Independently admlnlstered fund5. Rerolptof donated goods, facllhtes and 5ewl¢es All donated goods, facilltles and service5 recElved are rÈco8nlsed wlthln Incomin8 res0r¢eS and expenditure at an estlmate of the value to the charilv. P3ge 8
PAKISTAN WELFARE ASSOCIATION UK Notes to the Attounts 2 Statement of Financlal Activitie5- prSoY year Unrestricted funds Total lunds 2023 Z023 l#come and endowmènts ftom: Donatlons and legacies Investments 28,387 12.000 28,387 12,000 40,387 Tot•1 Expendltut¢ on: Charltable actlvltles Other 1,0 29,260 29,260 Total 30,260 30,260 Net Income 10,127 10,127 Net Income befor• other galn$/llos5esl other 8alns l¢isses'. Net movementln lund$ Reconclllgtlon of funds: Total funds brouRht forward Total lunds carrl¢d forward 10,127 10,127 10,127 10,127 115,975 115,975 126,102 126,102 3 Incom• from donitlon$ and la¥acles Unre$trl¢ted Yotal 2024 Total 2023 Doniticn Recelved 22,934 22,934 22,934 22,934 28,387 28,387 4 In¢ome from Inve$tments Unre$tri<te Tot41 2024 Total 2023 Rental Income 12.188 12.188 12,188 12,188 12,000 12.DCYJ Pa8e 9
PAKISYAN WELFAREASSOCIATION UK NotÈs to ihe Accounts 5 Expethdlture on charitabl¢ actlvltle5 Total Totsl 2024 2023 Expenditure charitr4ble ttcrlvltles Donat4on lorfloiKI rellef 1,000 Govern17nce costs 1,000 s other expendlture Unre5trftted Tothl 2024 Totsl 2023 Prolect Support General admlnlslratlve cosis 49,003 190 49.003 190 29.064 196 49,193 49.193 29,260 7 Staff costs No empk)ye4 receSved emolumants In excess of £60,000. 8 TanBlble flx¢d assets Cost or rIvalI10Th At l Aprll 2023 At 3.1 March 2024 Dopreclatlgn and Impalrment At l Aprll 2023 At 31 Mzrch 2024 Net book values At 31 March 2024 Al 31 March 2023 162,430 162,430 162,430 162,430 137,4401 137,4401 147,4401 137,4401 199,870 199,B70 199,870 199,870 PaBe IQ
PAKISTAN WELFARÈ ASSOCIATION UK Notes to the Accounts g Mc¢vement in fund£ In¢oming resou¥ces IlncludlnR oth At l April galnsliosse$ 2023 Resdurtes expended At31 Maich 2024 Restricted funds.. Endowmèht funds: iis,000 115,000 Totul 115,LIJD 115,000 Unrestrlcted lunds: Generalfunds 126,102 3S,122 149,1931 112,031 Total funds 10 Analysli of not assets betw4•n funds 241,102 35,122 149,1931 227,031 Unrastilcted fund$ Tottyl Flxed assets Net current assets 199,870 27,151 227,031 199,870 27,161 227,031 11 Re¢oncUl&tlDn of n•t debt At31 At l Aprll 2023 March Z024 Cash flows Cash and cash oqulvalents 41,232 41,232 114,0711 114,0711 27,161 27,151 Net debt 41,232 114,071 27,161 Page 11
PAKISTAN WELFARE ASSOCIATION UK Chjrlty No. 1164619 Trustees, RepDrt and Unauditsd ADnIS 31 March 2024
PAKISTAN WELFARE ASSOCIATION UK Cohtents Pages 2to3 Trustee5' knnu81 Report lThdependent Examlner's Report Stat¢ment of Financial Activltles 4t04 5105 Balance Sheet 6t06 Notes to the Accounts 7toll Page I
PAKISTAN WELFARE ASSOCIATION UK Trustee5 Annual Report Cha¥ity The trustees present their report wlth rhe unaudited finandal statements of the charlty for the year ended 31 Marth 2024. REFERENCE AND ADMINISTRATIVE DETAILS Chaylly No, 1164619 Prlnclp81 Offlce 44 Upper Tootlng Road London SW17 7PD Trustees The followln8 trustee5 serve4 during thè ye3r'. F.H. Cliaudh3rv N. Cliaudl>ary Key Man8gement P•rsonnel Ch¥lr Tru5toe A¢countJnts Flda Ch?udh3ry Nafee$8 Chaudhary Mohammad Shah & Co, LLP Bank House 209, Merton Road Wlmbledon Londen SW19 IEE Bankèrs Barclays Bank Pl¢ 188 Clapham Hl8h St SW4 71JF OBJEcfivES AND ACTIVITIES The purpose ol tho chaTlty to help PTOrnOtc educatlon lor public benefii by the provision of 8rants and school for orph8ns and under privlleged children anywhere In the world. Preventor rellef poverty anywhere In the world. Relleve flnanci81 h8rdshlp, homelessness. slckness and pogr health arfflongst elderly people glob?li58d. ACHIEVEMENTS AND PERFORMANCE PLANS FOR FUTURE PERIODS It has been started with ? sn11 bulldin8 which was bullt In 200712008. Now around 21000 square feet buikling whlch Is cèterlng for around 250 sthool students 35 reeiouseducarlon students. Initlallystarted the School wilh ye4r 14 level now It becomes year 1-10 level. It shows substantial Improvements. Colle8e level will stzrted soott. P8Be 2
PAKISTAN WÉIFARE ASSOCIATION UK Trustees Annual Report ststement of trustees, respon$ibilliies In relatlon to thE financial stslethents The charity trustee5 are responslble for preparlrbg a irustees. annual report and flnandal stètemènts In accordance with 3pplicable law and Vnlted Kln8dom Accountingstandards Iunited Klngdom Generally Attepled Acwuntlng Prarticel. The trustees are respOn1hre for keeplng proper a¢uting records that dlsclose wltli reasonable accuracy at eny tlme the Ilnanclal position ofthe chèrity and to enable them to ensure that the flnanclaS staternents comply wlth the Charities Act 2011, the appli¢able Charitles (Accounts and Reports) Re8u12tlons. and the provlslons of the Trust deed. The Trustees aré also responslble fors8feguardinB the assels ul the chaTity and hence t8kin8 reason3ble steps for the preventipn and detection of fraud and other Irregularltles. Slgned on behalf ol the tharity's trustees F.H. Ch¥udharv Twstee 20 December 2024 Page 3
PAKISTAN WELFARE ASSOCIATION UK Indopendant Ex3mlneT5 Report Independent Examlner's Reportto the trustee5 of PAKi¥fAN WELFARE ASSOCIATION UK I report rg the trustees on my exarnlNatlorn of the flnanci?I statements of PAKISTAN WELFARE ASSOCIATION UK for the year ended 31 March 2024. Re$ponsibilltles and basls of report A5 the ¢harity's trustees you are responsible lor the preparatlon of the financlal statement5 In iccordarKe wlth the requlrements of the Cliarltle5 Act 20111'the Act'l. I report In respoct ol myekamlnallon of tho chartty's flnancial statements carrled out vndor sectton 145 01 the 2011 Act and in cariyln8 Out my examln8tlon I have followed all the applicable Dlreciions givon by the Charfty Commlsslon under section 145lSllbl of the Act. Independent examlneY'$ statement I have complotod my eyamlnatlon. I can tonflrm that no mater5al matters have comè to my attèntlon In connection wlth the examlnatlon glvlng me cau5fi tc belleve that in any materlal respect.. the accountln8 records were not kept In respect of the charlty a5 requlred by sectlon 130 of the Act,. or the flnanclal statements do not with thostr iecords,. or the fln3nclal statements not comply wtth the appllcable rtqulrements concernln8 tl)e form and ontent ol fln8nclal statement5 set out In the Charltles IAecounts and Reports) Regulatlons 2W8 other than any requlremertt that the flnanclal siatementS 8lve a'true and lair, VIÈW whlch Is not a matter tonsldered as part ol on Independent examlnatlon. I have ng wn¢erns and have come across no othér matters lrn connertlon wlth tl)e examlnatlon to whlch attentlon should bo drawn In thls report In orderto enable 8 proper unders¢andlnB of the ftnanclal Statements to be reached. Moh4rnmad Sl)ah & Co. L 8ank Hous 209, Merton Road Wlmbledon London SW19 IEE 31 March 2024 Page 4
PAKISTAN WELFARE ASSOCIATION UI< Statèrnent of Financlal Activitles for the y•ai ended 31 M8ich 2024 Unrestrkted Endowment funds tunds Total fund$ Total fund5 2024 2024 2023 2024 Notes Income and endowments from.. Oonations ènd le83cles Inve5tment5 22.934 12,188 22,934 12,188 28.387 12,000 Total 35.122 35,122 40,387 E)rpendltuYe on: Charitsble actlvltlès Other 1,000 29,250 49,193 49,193 Total 49,193 49,193 30,260 Net galns on Investments Net lexpÈndlturellincom8 Transfers between funds N*t lexpendlturelllncome before other8aln$lllossosl 114,0711 114,0711 10,127 114,0711 114,0711 10,127 Other 8aln$ 8nd losiès Net movèment In fuftds 114,0711 114,0711 10,127 Re(ondllatlon of funds: Total funds br¢u8ht forw?rd 126,102 115,0 241,102 230,975 Yotal fund$ carrlèd fowwjrd 112,031 iis,coo 227.031 241,102 Page S
PAKISYAhl WELFARE ASSOCIATION UK Balance Sheet at 31 March 2024 Ch8rfty No. 1164619 2024 2023 Flxed assets Tangible assets 199,870 199.870 199,870 199,870 Cvttent assets 3sh at bank and in hand 27,161 27.161 27,161 41,232 41,232 41,232 241,102 N4t curient assets Tot81 a5sets18ss (uyrevt Ilabllltles 227,031 227,031 Nat assets *xcludln¥ penslon assth or Ilablllty 241,102 Total net ass8t5 227,031 241,102 Th• tund$ of tho charlty Restrlrted funds Endowmant funds 115.000 115,QC iis.000 I15,0 Unrestr5ct•d funda General fvnds 112,031 126,102 112,a31 126,102 Reserves Total fund5 227,031 241,102 Approved by the trustees on 20 D8cember 2Q24 And $18ned on thelr behèlf by: udhary Trustee 20 Detember 2024 Page 6
PAKISTAN WELFARÉ ASSOCIATION UI< Notes to the Attount5 for the year ended 31 March 2024 l ArcouThtln8 pollcle5 Basls of preparatlon The lin8neial statements have been prepared in accordan with Ststement of Recommended Pract1. Accountln8 and Reportlng by Charlties prepariTr8 their accounts In accordance wlth the Flnanclal Reporting Standard appllcable in the UK and Republl¢11 Ireland IFRS 1021 i.55ued on 16 July 2014 and thE Flnancial Reporting Standard appll¢able In the Unlted Kingdom and Republlc uf Ireland (Fns 1021 and the harltles Act 2011. Chinge in basls of acwuntinK OT to prevlous aceounrs There has beEn no change to the accountin8 pullcles Ivaluation rules and method ol accountlngl slncE last year and no changes have been made to accounts for prevlous yÈars. Fuhd accauntln8 Unrestricted funds Thèse èro avallable for use at the dlscretlon ¢1 the trustee5 In furtheran of the general objects ol the charily. Thesp are ynrestrlcted funds Éarmarked by Ihe trustees lor partlcular purposes. These are unrestrlcted funds whlch In¢lude z revaluatlon rese¢ representin8 the resiatemeiit ol Iiivestment assots at thelr merket values. These are avall8ble ltsr use 5uble¢t to restrktSons Imposed by the donor Dr through terms of ?n appeal. Deslgnated funds Revaluatlon funds ftellilcted funds Income R¢toBnltlon of Income Income Is Includod In the Statement of Fln3nclo1 Actlvitles ISOFAI when the charlty become5 entltled to, and vlrtually tertaln to recelvo, the Income and tht amotsnt of the income can be measured wlth sulflclènt rellabllltv. Income wlth related Where Inwme has related expendlture the IncomÈ and related èxpendlture Is expendlture reportpd gross In the SOFA. Donatlons and legacle5 Volunt8ry Income YeIved by w)yol grant5, donatlons and 8lfts Is Sncluded ITr the the SOFA when recelvzble and ohlywhen the Charity has un¢ondltl¢nal LJntltlement to the In¢¢ime. Tax reclaims on Incorne from tax redalms Is Included In the SOFA at the same tlme as tl)e di)natlons and g1ft5 8lft/donatlon to which It Telates. Donated SBrvlcos These are only In¢ludod In Income Iwith an equlvalent amount in expendlturel and facllltles wliere the beneflt to the Charllyls Te£sonably quantlllable, measurable and materièl. Volunteer help Yhe value of Bnyvolunteer help re¢elved is not Included In the 3£counts. Investment Income This Is included In the ac¢ount5 when recelvable. Galn5lllossesl on Thls intludes any gain or loss resultlnE from revaluing Investments to market value revaluation olflxed Èt thè end of the year. a55Cts Gains/llossesl on Investment assets This inclvdes any 6aln or loss on the sale of Investrnents. Page 7
PAKISTAN WELFARE ASSOCIATIOht UK Notes to ihe A¢counts Expendlture Recognltion of expendlture Expendlture is Yec¢¥nlsed on in accrLials basls. Expenditure includes any VAT whlch cannot be fully recovered, and Is reported as part of tlie expenditure to which It ielates. EXpendItre on These comprisethe c05t$ 8ssociatpd wlth attr?cting¥oluntary Income, fundraisbn& raisin8 funds tradlng costs and investment manaRement costs. Expenditure on These cornprlse the costs incurrp.d by the Charity In the delivery of its activities and charltable attivlties servlces In the furtherance of its objects, IDiludlnE the making Df grants and governante costs. All grant expenditure Is èc¢ovnted for on an actuil pèid basls plus an accrual for 8rant5 that have been approved by the trustees at the oiid o the y&ar but not yet pald. These include those cost5 associated w5th meetlng the constllutional and statutory requlrements of th¢ Charlty, Includln8 ary audltlindependent oxamlnatioii fees, cost5 Ilnked to the strat¢glc management of the Charlty, together wlth a share of other administration costs. Other expendlture These are support wsts not allocated to a partlcular actlvllv. Grants payable Governance costs Y?xatlon The charlty Is exèmpt from tax on Its chaTStable a¢tfvltles. Cash and Cash equlvalent5 Cash and casli equlvalet)ts compr+se cash at bank and on hand, demand depaslts vjlth b&nks and other short-term hlghly Ilquld Investments wlth orlglnal maturitle5 01 three month5 or less and bank overdrafts, In ihe statement of flnanclal pcsltlon, bank overdralts are shown wlthln borrowln85 Dr current Ilabllltlès. In the Statemen of Cash Flows, cash and cash eqvlv8lents are sliown net of bank overdr¥fts tl)at are repayable on demand and form an Integral part ol the company's cash manègement. Trado and other<redltors ShorL terrn credltors are measured at the Irpnsocdon prlce. Othèr creditors and provlslons are reco8nlsed where the eh8riiV h85 a presentoblig3tlon resultlnB frtyn a past event that will probably result In the transfer of funds to a thlrd pariy and the amount due to Settle tlie obli&atlon can be measured or estlmatod rèliably. Credltors and proSIr)n5 are normally recognlsed at their settlement amount after allow1 for any tradè dlscounts due. Penslon £ost$ Thè charlty operates a deflned contribulion plan for It5 employees. A defined contrlbutlon plan Is a penslon plèn under whSch the charlly pays tlxed contributlons Into a separate entlty. On£e the contrlbvtions havo been pald the charity ha5 no further payments oblSgations. The contrlbutlon5 are recognlsed a5 expense$ when they fall due. Amounts not pald are shown in accruals in the balance sheel. The assets of the plan are held separately from the charlty In Independently admlnlstered fund5. Rerolptof donated goods, facllhtes and 5ewl¢es All donated goods, facilltles and service5 recElved are rÈco8nlsed wlthln Incomin8 res0r¢eS and expenditure at an estlmate of the value to the charilv. P3ge 8
PAKISTAN WELFARE ASSOCIATION UK Notes to the Attounts 2 Statement of Financlal Activitie5- prSoY year Unrestricted funds Total lunds 2023 Z023 l#come and endowmènts ftom: Donatlons and legacies Investments 28,387 12.000 28,387 12,000 40,387 Tot•1 Expendltut¢ on: Charltable actlvltles Other 1,0 29,260 29,260 Total 30,260 30,260 Net Income 10,127 10,127 Net Income befor• other galn$/llos5esl other 8alns l¢isses'. Net movementln lund$ Reconclllgtlon of funds: Total funds brouRht forward Total lunds carrl¢d forward 10,127 10,127 10,127 10,127 115,975 115,975 126,102 126,102 3 Incom• from donitlon$ and la¥acles Unre$trl¢ted Yotal 2024 Total 2023 Doniticn Recelved 22,934 22,934 22,934 22,934 28,387 28,387 4 In¢ome from Inve$tments Unre$tri<te Tot41 2024 Total 2023 Rental Income 12.188 12.188 12,188 12,188 12,000 12.DCYJ Pa8e 9
PAKISYAN WELFAREASSOCIATION UK NotÈs to ihe Accounts 5 Expethdlture on charitabl¢ actlvltle5 Total Totsl 2024 2023 Expenditure charitr4ble ttcrlvltles Donat4on lorfloiKI rellef 1,000 Govern17nce costs 1,000 s other expendlture Unre5trftted Tothl 2024 Totsl 2023 Prolect Support General admlnlslratlve cosis 49,003 190 49.003 190 29.064 196 49,193 49.193 29,260 7 Staff costs No empk)ye4 receSved emolumants In excess of £60,000. 8 TanBlble flx¢d assets Cost or rIvalI10Th At l Aprll 2023 At 3.1 March 2024 Dopreclatlgn and Impalrment At l Aprll 2023 At 31 Mzrch 2024 Net book values At 31 March 2024 Al 31 March 2023 162,430 162,430 162,430 162,430 137,4401 137,4401 147,4401 137,4401 199,870 199,B70 199,870 199,870 PaBe IQ
PAKISTAN WELFARÈ ASSOCIATION UK Notes to the Accounts g Mc¢vement in fund£ In¢oming resou¥ces IlncludlnR oth At l April galnsliosse$ 2023 Resdurtes expended At31 Maich 2024 Restricted funds.. Endowmèht funds: iis,000 115,000 Totul 115,LIJD 115,000 Unrestrlcted lunds: Generalfunds 126,102 3S,122 149,1931 112,031 Total funds 10 Analysli of not assets betw4•n funds 241,102 35,122 149,1931 227,031 Unrastilcted fund$ Tottyl Flxed assets Net current assets 199,870 27,151 227,031 199,870 27,161 227,031 11 Re¢oncUl&tlDn of n•t debt At31 At l Aprll 2023 March Z024 Cash flows Cash and cash oqulvalents 41,232 41,232 114,0711 114,0711 27,161 27,151 Net debt 41,232 114,071 27,161 Page 11
PAKISTAN WELFARE ASSOCIATION UK Chjrlty No. 1164619 Trustees, RepDrt and Unauditsd ADnIS 31 March 2024
PAKISTAN WELFARE ASSOCIATION UK Cohtents Pages 2to3 Trustee5' knnu81 Report lThdependent Examlner's Report Stat¢ment of Financial Activltles 4t04 5105 Balance Sheet 6t06 Notes to the Accounts 7toll Page I
PAKISTAN WELFARE ASSOCIATION UK Trustee5 Annual Report Cha¥ity The trustees present their report wlth rhe unaudited finandal statements of the charlty for the year ended 31 Marth 2024. REFERENCE AND ADMINISTRATIVE DETAILS Chaylly No, 1164619 Prlnclp81 Offlce 44 Upper Tootlng Road London SW17 7PD Trustees The followln8 trustee5 serve4 during thè ye3r'. F.H. Cliaudh3rv N. Cliaudl>ary Key Man8gement P•rsonnel Ch¥lr Tru5toe A¢countJnts Flda Ch?udh3ry Nafee$8 Chaudhary Mohammad Shah & Co, LLP Bank House 209, Merton Road Wlmbledon Londen SW19 IEE Bankèrs Barclays Bank Pl¢ 188 Clapham Hl8h St SW4 71JF OBJEcfivES AND ACTIVITIES The purpose ol tho chaTlty to help PTOrnOtc educatlon lor public benefii by the provision of 8rants and school for orph8ns and under privlleged children anywhere In the world. Preventor rellef poverty anywhere In the world. Relleve flnanci81 h8rdshlp, homelessness. slckness and pogr health arfflongst elderly people glob?li58d. ACHIEVEMENTS AND PERFORMANCE PLANS FOR FUTURE PERIODS It has been started with ? sn11 bulldin8 which was bullt In 200712008. Now around 21000 square feet buikling whlch Is cèterlng for around 250 sthool students 35 reeiouseducarlon students. Initlallystarted the School wilh ye4r 14 level now It becomes year 1-10 level. It shows substantial Improvements. Colle8e level will stzrted soott. P8Be 2
PAKISTAN WÉIFARE ASSOCIATION UK Trustees Annual Report ststement of trustees, respon$ibilliies In relatlon to thE financial stslethents The charity trustee5 are responslble for preparlrbg a irustees. annual report and flnandal stètemènts In accordance with 3pplicable law and Vnlted Kln8dom Accountingstandards Iunited Klngdom Generally Attepled Acwuntlng Prarticel. The trustees are respOn1hre for keeplng proper a¢uting records that dlsclose wltli reasonable accuracy at eny tlme the Ilnanclal position ofthe chèrity and to enable them to ensure that the flnanclaS staternents comply wlth the Charities Act 2011, the appli¢able Charitles (Accounts and Reports) Re8u12tlons. and the provlslons of the Trust deed. The Trustees aré also responslble fors8feguardinB the assels ul the chaTity and hence t8kin8 reason3ble steps for the preventipn and detection of fraud and other Irregularltles. Slgned on behalf ol the tharity's trustees F.H. Ch¥udharv Twstee 20 December 2024 Page 3
PAKISTAN WELFARE ASSOCIATION UK Indopendant Ex3mlneT5 Report Independent Examlner's Reportto the trustee5 of PAKi¥fAN WELFARE ASSOCIATION UK I report rg the trustees on my exarnlNatlorn of the flnanci?I statements of PAKISTAN WELFARE ASSOCIATION UK for the year ended 31 March 2024. Re$ponsibilltles and basls of report A5 the ¢harity's trustees you are responsible lor the preparatlon of the financlal statement5 In iccordarKe wlth the requlrements of the Cliarltle5 Act 20111'the Act'l. I report In respoct ol myekamlnallon of tho chartty's flnancial statements carrled out vndor sectton 145 01 the 2011 Act and in cariyln8 Out my examln8tlon I have followed all the applicable Dlreciions givon by the Charfty Commlsslon under section 145lSllbl of the Act. Independent examlneY'$ statement I have complotod my eyamlnatlon. I can tonflrm that no mater5al matters have comè to my attèntlon In connection wlth the examlnatlon glvlng me cau5fi tc belleve that in any materlal respect.. the accountln8 records were not kept In respect of the charlty a5 requlred by sectlon 130 of the Act,. or the flnanclal statements do not with thostr iecords,. or the fln3nclal statements not comply wtth the appllcable rtqulrements concernln8 tl)e form and ontent ol fln8nclal statement5 set out In the Charltles IAecounts and Reports) Regulatlons 2W8 other than any requlremertt that the flnanclal siatementS 8lve a'true and lair, VIÈW whlch Is not a matter tonsldered as part ol on Independent examlnatlon. I have ng wn¢erns and have come across no othér matters lrn connertlon wlth tl)e examlnatlon to whlch attentlon should bo drawn In thls report In orderto enable 8 proper unders¢andlnB of the ftnanclal Statements to be reached. Moh4rnmad Sl)ah & Co. L 8ank Hous 209, Merton Road Wlmbledon London SW19 IEE 31 March 2024 Page 4
PAKISTAN WELFARE ASSOCIATION UI< Statèrnent of Financlal Activitles for the y•ai ended 31 M8ich 2024 Unrestrkted Endowment funds tunds Total fund$ Total fund5 2024 2024 2023 2024 Notes Income and endowments from.. Oonations ènd le83cles Inve5tment5 22.934 12,188 22,934 12,188 28.387 12,000 Total 35.122 35,122 40,387 E)rpendltuYe on: Charitsble actlvltlès Other 1,000 29,250 49,193 49,193 Total 49,193 49,193 30,260 Net galns on Investments Net lexpÈndlturellincom8 Transfers between funds N*t lexpendlturelllncome before other8aln$lllossosl 114,0711 114,0711 10,127 114,0711 114,0711 10,127 Other 8aln$ 8nd losiès Net movèment In fuftds 114,0711 114,0711 10,127 Re(ondllatlon of funds: Total funds br¢u8ht forw?rd 126,102 115,0 241,102 230,975 Yotal fund$ carrlèd fowwjrd 112,031 iis,coo 227.031 241,102 Page S
PAKISYAhl WELFARE ASSOCIATION UK Balance Sheet at 31 March 2024 Ch8rfty No. 1164619 2024 2023 Flxed assets Tangible assets 199,870 199.870 199,870 199,870 Cvttent assets 3sh at bank and in hand 27,161 27.161 27,161 41,232 41,232 41,232 241,102 N4t curient assets Tot81 a5sets18ss (uyrevt Ilabllltles 227,031 227,031 Nat assets *xcludln¥ penslon assth or Ilablllty 241,102 Total net ass8t5 227,031 241,102 Th• tund$ of tho charlty Restrlrted funds Endowmant funds 115.000 115,QC iis.000 I15,0 Unrestr5ct•d funda General fvnds 112,031 126,102 112,a31 126,102 Reserves Total fund5 227,031 241,102 Approved by the trustees on 20 D8cember 2Q24 And $18ned on thelr behèlf by: udhary Trustee 20 Detember 2024 Page 6
PAKISTAN WELFARÉ ASSOCIATION UI< Notes to the Attount5 for the year ended 31 March 2024 l ArcouThtln8 pollcle5 Basls of preparatlon The lin8neial statements have been prepared in accordan with Ststement of Recommended Pract1. Accountln8 and Reportlng by Charlties prepariTr8 their accounts In accordance wlth the Flnanclal Reporting Standard appllcable in the UK and Republl¢11 Ireland IFRS 1021 i.55ued on 16 July 2014 and thE Flnancial Reporting Standard appll¢able In the Unlted Kingdom and Republlc uf Ireland (Fns 1021 and the harltles Act 2011. Chinge in basls of acwuntinK OT to prevlous aceounrs There has beEn no change to the accountin8 pullcles Ivaluation rules and method ol accountlngl slncE last year and no changes have been made to accounts for prevlous yÈars. Fuhd accauntln8 Unrestricted funds Thèse èro avallable for use at the dlscretlon ¢1 the trustee5 In furtheran of the general objects ol the charily. Thesp are ynrestrlcted funds Éarmarked by Ihe trustees lor partlcular purposes. These are unrestrlcted funds whlch In¢lude z revaluatlon rese¢ representin8 the resiatemeiit ol Iiivestment assots at thelr merket values. These are avall8ble ltsr use 5uble¢t to restrktSons Imposed by the donor Dr through terms of ?n appeal. Deslgnated funds Revaluatlon funds ftellilcted funds Income R¢toBnltlon of Income Income Is Includod In the Statement of Fln3nclo1 Actlvitles ISOFAI when the charlty become5 entltled to, and vlrtually tertaln to recelvo, the Income and tht amotsnt of the income can be measured wlth sulflclènt rellabllltv. Income wlth related Where Inwme has related expendlture the IncomÈ and related èxpendlture Is expendlture reportpd gross In the SOFA. Donatlons and legacle5 Volunt8ry Income YeIved by w)yol grant5, donatlons and 8lfts Is Sncluded ITr the the SOFA when recelvzble and ohlywhen the Charity has un¢ondltl¢nal LJntltlement to the In¢¢ime. Tax reclaims on Incorne from tax redalms Is Included In the SOFA at the same tlme as tl)e di)natlons and g1ft5 8lft/donatlon to which It Telates. Donated SBrvlcos These are only In¢ludod In Income Iwith an equlvalent amount in expendlturel and facllltles wliere the beneflt to the Charllyls Te£sonably quantlllable, measurable and materièl. Volunteer help Yhe value of Bnyvolunteer help re¢elved is not Included In the 3£counts. Investment Income This Is included In the ac¢ount5 when recelvable. Galn5lllossesl on Thls intludes any gain or loss resultlnE from revaluing Investments to market value revaluation olflxed Èt thè end of the year. a55Cts Gains/llossesl on Investment assets This inclvdes any 6aln or loss on the sale of Investrnents. Page 7
PAKISTAN WELFARE ASSOCIATIOht UK Notes to ihe A¢counts Expendlture Recognltion of expendlture Expendlture is Yec¢¥nlsed on in accrLials basls. Expenditure includes any VAT whlch cannot be fully recovered, and Is reported as part of tlie expenditure to which It ielates. EXpendItre on These comprisethe c05t$ 8ssociatpd wlth attr?cting¥oluntary Income, fundraisbn& raisin8 funds tradlng costs and investment manaRement costs. Expenditure on These cornprlse the costs incurrp.d by the Charity In the delivery of its activities and charltable attivlties servlces In the furtherance of its objects, IDiludlnE the making Df grants and governante costs. All grant expenditure Is èc¢ovnted for on an actuil pèid basls plus an accrual for 8rant5 that have been approved by the trustees at the oiid o the y&ar but not yet pald. These include those cost5 associated w5th meetlng the constllutional and statutory requlrements of th¢ Charlty, Includln8 ary audltlindependent oxamlnatioii fees, cost5 Ilnked to the strat¢glc management of the Charlty, together wlth a share of other administration costs. Other expendlture These are support wsts not allocated to a partlcular actlvllv. Grants payable Governance costs Y?xatlon The charlty Is exèmpt from tax on Its chaTStable a¢tfvltles. Cash and Cash equlvalent5 Cash and casli equlvalet)ts compr+se cash at bank and on hand, demand depaslts vjlth b&nks and other short-term hlghly Ilquld Investments wlth orlglnal maturitle5 01 three month5 or less and bank overdrafts, In ihe statement of flnanclal pcsltlon, bank overdralts are shown wlthln borrowln85 Dr current Ilabllltlès. In the Statemen of Cash Flows, cash and cash eqvlv8lents are sliown net of bank overdr¥fts tl)at are repayable on demand and form an Integral part ol the company's cash manègement. Trado and other<redltors ShorL terrn credltors are measured at the Irpnsocdon prlce. Othèr creditors and provlslons are reco8nlsed where the eh8riiV h85 a presentoblig3tlon resultlnB frtyn a past event that will probably result In the transfer of funds to a thlrd pariy and the amount due to Settle tlie obli&atlon can be measured or estlmatod rèliably. Credltors and proSIr)n5 are normally recognlsed at their settlement amount after allow1 for any tradè dlscounts due. Penslon £ost$ Thè charlty operates a deflned contribulion plan for It5 employees. A defined contrlbutlon plan Is a penslon plèn under whSch the charlly pays tlxed contributlons Into a separate entlty. On£e the contrlbvtions havo been pald the charity ha5 no further payments oblSgations. The contrlbutlon5 are recognlsed a5 expense$ when they fall due. Amounts not pald are shown in accruals in the balance sheel. The assets of the plan are held separately from the charlty In Independently admlnlstered fund5. Rerolptof donated goods, facllhtes and 5ewl¢es All donated goods, facilltles and service5 recElved are rÈco8nlsed wlthln Incomin8 res0r¢eS and expenditure at an estlmate of the value to the charilv. P3ge 8
PAKISTAN WELFARE ASSOCIATION UK Notes to the Attounts 2 Statement of Financlal Activitie5- prSoY year Unrestricted funds Total lunds 2023 Z023 l#come and endowmènts ftom: Donatlons and legacies Investments 28,387 12.000 28,387 12,000 40,387 Tot•1 Expendltut¢ on: Charltable actlvltles Other 1,0 29,260 29,260 Total 30,260 30,260 Net Income 10,127 10,127 Net Income befor• other galn$/llos5esl other 8alns l¢isses'. Net movementln lund$ Reconclllgtlon of funds: Total funds brouRht forward Total lunds carrl¢d forward 10,127 10,127 10,127 10,127 115,975 115,975 126,102 126,102 3 Incom• from donitlon$ and la¥acles Unre$trl¢ted Yotal 2024 Total 2023 Doniticn Recelved 22,934 22,934 22,934 22,934 28,387 28,387 4 In¢ome from Inve$tments Unre$tri<te Tot41 2024 Total 2023 Rental Income 12.188 12.188 12,188 12,188 12,000 12.DCYJ Pa8e 9
PAKISYAN WELFAREASSOCIATION UK NotÈs to ihe Accounts 5 Expethdlture on charitabl¢ actlvltle5 Total Totsl 2024 2023 Expenditure charitr4ble ttcrlvltles Donat4on lorfloiKI rellef 1,000 Govern17nce costs 1,000 s other expendlture Unre5trftted Tothl 2024 Totsl 2023 Prolect Support General admlnlslratlve cosis 49,003 190 49.003 190 29.064 196 49,193 49.193 29,260 7 Staff costs No empk)ye4 receSved emolumants In excess of £60,000. 8 TanBlble flx¢d assets Cost or rIvalI10Th At l Aprll 2023 At 3.1 March 2024 Dopreclatlgn and Impalrment At l Aprll 2023 At 31 Mzrch 2024 Net book values At 31 March 2024 Al 31 March 2023 162,430 162,430 162,430 162,430 137,4401 137,4401 147,4401 137,4401 199,870 199,B70 199,870 199,870 PaBe IQ
PAKISTAN WELFARÈ ASSOCIATION UK Notes to the Accounts g Mc¢vement in fund£ In¢oming resou¥ces IlncludlnR oth At l April galnsliosse$ 2023 Resdurtes expended At31 Maich 2024 Restricted funds.. Endowmèht funds: iis,000 115,000 Totul 115,LIJD 115,000 Unrestrlcted lunds: Generalfunds 126,102 3S,122 149,1931 112,031 Total funds 10 Analysli of not assets betw4•n funds 241,102 35,122 149,1931 227,031 Unrastilcted fund$ Tottyl Flxed assets Net current assets 199,870 27,151 227,031 199,870 27,161 227,031 11 Re¢oncUl&tlDn of n•t debt At31 At l Aprll 2023 March Z024 Cash flows Cash and cash oqulvalents 41,232 41,232 114,0711 114,0711 27,161 27,151 Net debt 41,232 114,071 27,161 Page 11