PAKisfAN WELFARE ASSOCIATION UK charity No. 1164619 Trustees, Report and Unaudited Aetounts 31 March 2025
PAKISTAN WELFARE ASSOCIATION UK Contents Pages Trustees, Annual Report Irjdependent Examiner's Report Statement of Ftn3ncial Activities 2to3 4t04 5t05 Balance Sheet 6ttr6 Notes to the Accounts 7toll Psge I
PAKISTAN WELFARE ASSOCIATION UK Trustees Annual Report Charity The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 1164619 Prlncipal Office 44 Uppe¥ Tooting Road London SW17 7PD Trustees The following trustees served dL5rlng the year: F.H. Chaudhary N. Chaudhary Key Management Personnel Chair Trustee Fida Chaudhafv Nafee5a Chaudharv Accountants Mohammad shah & Co. LLP Bank House 209, Merton Road Wimbledon London SW19 IEE Bankers Barclay5 8ank PIC 188 aapham High St SW4 7UF OBJECTIVES AND ACTIVITIES 7he purpose of the charity to help Promote education for public b2nefit by the provislon of grants and school for orphans and under privileged children 3nywhere in the world. Prevent or rellef poverty anywhere in the world. Relieve financial hardship, homelessness. sickMes5 and poor health amongst elderly people globali5ed. ACHIEVEMENTS ANO PERFORMANCE PLANS FOR FUTURE PERIODS It has been started with a small building which was built 200712008. Now around 21000 sqvarÈ feet building which is catering for around 250 school students 35 reglous education students. Initially started the 5choo1 with year 1-4 level now it becomes year 1-10 level. It shows substantial improvernents. College level will started soon. Page 2
PAKISTAN WELFARE ASSOCIATION UK Trustees Annual Report Statement of trustees. responsibilities in relation to the financial statements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The truste.es are re5POnsible for keeping proper accounting records that disclose with reasonable accuiacy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011., the applicable Charities (Accounts and Repnrlsl RegulatlOn5, and the provision5 of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregul8ritie5. Signed on behalf of the charity's trustees F.H. Chaudhary Trustee 19 February 2026 Page 3
PAKISTAN WELFARE ASSOCIATION UK Independent Examiners Report Independent Examiner's Report to the trustees of PAKISTAN WELFARE ASSOCIATION UI< I report to the trustees on my ex3min2tion of the financial statement5 of PAKISTAN WELFARE ASSOCIATION UK ¢or the year ended 31 March 2025. Responsibilities and bagis of report As the charity's trustees you are r2sponsible for the preparation of the finar)cial statemenls in actordance with the requiremeNt5 of the charities Act 20111'the Act'l. I report in re5pe¢l of my examination of the ch3rity'5 financial statemenrs Carried out under section 145 of the 2011 Acl 3nd in carrying out my examination I have followed all the applicable Direction5 given by the Charity Commission under section 14515llbl of thÈ Act. Indèpéndent exan7iner's statement have completed my examination. I can confirm that no material matters have COn7e to my attention in connection with the examination giving Me cause to believe that in any material respect.. the accounting records were not kEpt in respect of the charity as rèquired by section 130 of the Act.. or the fillancial statements do not accord with those records., or the financial stétements do not comply wlth the applltsble requirement5 concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial st3tements give a 'true and fair, view which is not a matter consldered as part of an independènt examination. have no concems and have come across no othe¥ matters in connection with the examinatiort to which attention should be drawn In this report in order to enable a proper under5t3nding of the flnancial statements to be reached. sA&k & Ctr. LLP Mohan)mad shah & C(>. LLP Bank House 209, Merton Road Wimbledon Londo SW19 IEE 19 February 2026 Page 4
PAKISTAN WELFARE ASSOCIATION UK Statement of Flnanclal Activitles lor the year ended 31 March 2025 Unrestricted Endowment funds fLTnds Total funds Total funds 2025 2025 2025 2024 Notes Income and endowments from.. Donatlons and legacies Investments 25,691 13,690 25,691 13.690 22,934 12,188 Total 39,381 39,381 35,122 Expendlture on: Other 45,813 45,813 49,193 Total 45,813 45.813 49,193 Net gain5 on investments Net expenditure 16,4321 16,4321 114.0711 Transfers between funds Net expendlture before othei galnslllossesl 16,4321 16,4321 114,0711 other galns and losses Wet movemerht in funds 16,4321 16.4321 114,0711 Reconciliation of funds.. Total funds brought forward 112,031 115,OOCI 227,031 241,102 Total funds carrled forward 105,599 115,QOO 220,599 227,031 Page 5
PAKISTAN WELFARE ASSOCIATION UK Balance Sheet at 31 March 2025 Charity No. 1164619 2025 2024 Flxed assets Tangible assets 199,870 199,870 199,870 199,870 Current assets Cash at bank and in hand 20,729 20,729 20,729 27,161 27,161 27.161 Net turrent assets Total assets less current Ilabllities 220,599 227,031 Net assets extludlng pension a55et or liability 220,599 227,031 Total net asset5 220,599 227,031 The funds of the charity Rèstrlcted fund5 Endowment funds 115,000 115,000 iis,000 115,000 Unyestrlcted funds General funds 105,599 112,031 105,599 112,031 Reserves Total funds 220,599 227,031 Approved by the trustees on 19 February 2026. And slgned on their behalf bv.. F.H. Cha dhary Trustee 19 February 2026 Page 6
PAKISTAN WELFARE ASSOCIATION UK Notes to tho Accounts foi the year ended 31 Marth 2025 l Accountlng pollcles Basis of preparation The financial statements have been prepared in accordance with statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic il Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Stand8rcJ applicable in the United Kingdom and RepLJblic of Ireland IFRS 1021 and the Charities Act 2011. Change in basls of accounting or to previous accounts There has been no ch3nge to the accounling policies (valuation rules and method of accounting) sincè last year and nc changes have been made to &ccoiints for previous ye?r5. Fund accounting Unrestricted funds These are available for use at the discretion ol the trustees in furtherance of the general object5 of the charity. These are unrestricted funds earmarked by the trustees lor particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of Investment assets at their Inarket values. These are available for use subject to restriction5 imposed by the donor or through terms of an appeal, Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities ISCSFAI when the charity becomes entitled ttr, and virtually certain to receive, the income and the amount of tho income can be measured with sufficient reliabilitv. Income with related Where income ha5 related expetiditure the income and related ekpenditvre is expenditure reported gross in the SOFA. Donations and Voluntary In¢ome received by way of grants, donations and gift5 ts included in the the SOFA when recelvable and only when the Charity has unconditional entitlement to the incom@. Tax reclaims on Income from tax reclaims Is included in the SOFA at the same tlme as the donations and gifts giftldoiiation to which it relates. Donated servite5 These are only included in income Iwith an equivalent amount in expenditure) and facilities where the benefit to the Charity Is reasonably quantifiable, measurable and materlal. Volunteer help The value of any volunteer help received is not included in the accounts. Investwent income This is included in the accounts when receivable. Galns]IIos5esl on This Includes any galn or10ss resulting from revaluing investments tc& market value Tevaluation ol flxed at the end of thè year. assets legacies Gainslllossesl on investment assets This includes any gain or loss on the sale of Investments. Page 7
PAKISTAN WELFARE ASSOCIATION UK Notes to the Accounts E>tpenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fiilly recovered, and is reported as part ol the expenditure to which it r@.lates. Expenditure on These comprise the costs 3ssocl8ted with attractinB voluntary income, fundralsing iai5ing funds trading costs and investment mana8emont tosts. Expenditure o These comprise the £ost5 incurred by the Charity in the delivery of its activitie5 and charltable activities Services in the furtherance of it5 objecls, includin8 the making of gr2nts and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trijstees at the end of the year but not yet paid. These Include those costs associated with meeting the constitutional and stztutory requiremen15 of the Charity, including any auditlindependent examination fees, costs linked to the Strategic m3n3gÈment of the Charlty, together with a share of other administration cosls. These are support cost5 not allocated to a particular 3ctivitv. Grants payable Governance costs Other expenditure Tamatlon The charity is exempt frorn tax on Its charitabl& activities. Trade and other debtoys Trade and other det)tors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amovnt prepaid net of any trade dlscounts due. Cash and tash equlvalents Cash and cash equivalents comprise cash at bank and on hand. demat)d deposits with banks and other 5hort-term highly liquid investments with original maturlties of three months or less and bank overdraft5. In the statement of financi31 positlOD, bank overdraft5 are shown withln borrowings or current li3bilitie5. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overd¥afts that are repayable on demand and form an int&gral part of the company's c35h management. Trade and other credltors Short term ereditors are measLJ¥ed at the transaction price. Other creditors and provisions are recognised whgre the charity ha5 3 present obllgation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle tho. obligation can be measured or estimated rèli3bly, Creditors and provisions are llo¥mally recognised at their settlement amount after allowing for any trade discounts dué. Penslon costs The charity operate5 a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charitv Pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts noi pald are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. Page 8
PAKISTAN WELFARE ASSOCIATION UK Notes to the Attounts Receipt of donated good5, facllltles and sewlce5 All donated goods. facilities and Services received are recogntsed within incoming resources and expendlture at an estimate ol the value to the charitv. 2 Statement of Financial A¢tivities- prior year Unrestricted Endowment funds funds Totsl fund5 2024 2024 2024 Income and endowments from: Donations and legacles Investments 22,g34 12,188 22,934 12,188 Total 35,122 35,122 Expendlture on: Other 49,193 49,193 Total 49,193 49,193 Net income 114,0711 114.0711 Net income before other gainslllossesl Other gains and losses: 114,0711 114,0711 Net movement In funds 114,0711 114,071 Reconciliatlon of funds.. Total funds brought forward Total funds ¢arried forward 126,102 115,000 241,102 112,031 115,000 227.031 3 Income from donatlons and legacles Unrestricted Total Total 2025 2024 Donation Received 25,691 25,691 25.691 25,691 22,934 22,934 4 Income from Invèstments Unrestricted Total Total 2025 2024 Rental Income 13,690 13,690 13,690 12,188 12,188 13,690 Page 9
PAIIISTAN WELFARE ASSOCIATION UK Notes to the Accounts 5 Other expenditure Unrestricted Total Total 2025 2024 Project Support General administrative costs 45,540 273 45,540 273 49,003 190 45,813 45,813 49,193 6 Staff costs No employee received emoluments in exces5 of £60,000. 7 Tangible fixed assets Cost or revaluatlon At l April 2024 At 31 March 2025 Depreciatlon and impalrment At l April 2024 At 31 March 2025 162,430 162,430 162.430 162.430 137,4401 137,4401 137,4401 137,4401 Net book value5 At 31 Marth 2025 At 31 March 2024 8 Movement in funds 199,870 199,870 199,870 199,870 IAtomlng resources At31 Ilncluding other At l April gains/losses 2024 Resources expended March 2025 Restricted funds.. Endowmentlunds: 115.000 115,OOC Totul 115,000 115,000 Unrestricted funds: General funds 112,031 39,381 145,8131 105,599 Total funds 227,031 39,381 145,8131 220,599 Page 10
PAKISTAN WELFARE ASSOCIATION UK Notes to the Account5 9 Analysis of net assets between funds Unrestricted funds Total Fixed assets roet current assets 199,870 2J,729 220,599 199,870 20,729 220,599 10 Reconctllatlon of net debt At31 At l Aprll 2024 March 2025 Cash flows Cash and cash equivalent5 27,161 27,161 16.4321 16,4321 20,729 20,729 Net debt 27,161 16,4321 20,729 Page 11