REGISTERED CHARITY NUMBER: 1172813 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENfs FOR THE YEAR EIYDED 30 APRIL 2024 FOR WELLBEING CARE FOUNDATION Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY WELLBEING CARE FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR EIWED 30 APRIL 2024 Page Report of the Trustees I to 3 Independent Examlnerls Report Statement of Ffinanclal Activltles BalaD¢e Sheet Note8 to the Flnancl81 Statements 7 to 12 Detalled Statement of Flnanelal Actlvltles 13 WELLBEING CARE FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024 The trustecs present their report with the financial statements of the charity for the year ended 30 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recornmended Practice applicablc to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {effcctive l January 2019). OBJECTIVES AND ACTIVITIES Objectlves and alms The W¢llbeiDg Care FoundatlOD is committed to providing support to individuals in need. Our aims include: - Rellevlng poverty and advanclng educatlon for disadvantaged communities, Promotlng health and well-belDg? Supportlng youth development through educational and leisure activities. Publlc benefit The Trustees confirni that they have complied with the duty in section 4 of the Chartties Act 2011 to have due regard to public benefit guidance published by the Commission in detennining the activities undertaken by the Charity. FINANCIAL REVIEW FIDanclal posltlon The Foundation's financial position remains stable, with an overall surplus of £12,572 for this year, in contrast to 8 £19,603 deficit in 2023. Total IDcomlng resources were £77,439, a 130/0 increase from the previous ycar (£68,391), while total outgoing resources were £64,867, comprising primarily cbaritable activities and minimal support costs. Unrestrlcted funds: £26,470 (up from £3,898 in 2023) Restrlcted funds: Nil (reduced from £1 0,000 in 2023) Golng concern Given th¢ Foundation's low overheads and volunteer-led model, we are Confident in our ability to continue as a going Concern. STRUCTURE, GOVERNANCE AND MAI¥AGEMENT Governing document Thc charity is controlled by its governing document, a deed of trust and constitutes an unincorporatcd charily. Wellbeing Care Foundation operates as an Unincorporat￿ charity under a deed of trust. Recruitment and appointment of new trustees The existing trustees are responsible for the recruitment of new trustees. In selecting new trustees, we seek to identify people who are COTnmitted individuals whose views are aligned to the charitys vision in addition to being able to offer relevant skills and experience. Potential trustees ar¢ invited to attend trustees, meetings to meet the trust¢¢s and have an inforn￿l interview and are given more details about the cIwit￿$ aims and activities and, rf all agr¢¢. they ar¢ th¢n propos¢d as new truste¢s at tbe subsequent trustees, meeting. This proc¢ss allows duc considcration of th¢ person's cligibility. personal compcÈ¢nc¢, specialist knowledgc and skills. Page I WELLBEING CARE FOUNDATIOLY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APIUL 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure The Board of Trustees nwiages the overall goveTnance and strategic dircction to handl¢ key operational areas and ensure effective oversight. Donations w¢r¢ used to directly support our mission We are committed to raise funds via online portal and card donations We will continuc to champion ow cause to assist the neediest for having impact on children's education and food and watcr aid. We remain dedicated to using every pound ¢(ficiently and effectively to have positive impact on supporting humanity. Induction and tralnlng of new trustees Following appointment, new trustees are introduccd to their new role and given copies of the governing document, a copy of the most recent, "The EsseDtial Trustee, guidan¢¢ booklet. and a guide to the policies and procedures adopted by our charity. A number of publications from the Charity Commission are also provided including th¢ guidance on charities and public b¢nefit and on the advancement of religion for the public benefit. This ¢nsures that new Irustecs are aware of the scope of their responsibilities undw the Charities Act. Initially, ncw trustees work with an existing trustee assisting on particular aclivities and Projects run by the charity. Aftcr satisfactory feedback from existing trustces, they ar¢ given the task of leading a particular activity or project, reporting prO￿eSS at trustee's mc¢tlDgS. We are deeply ￿atefll1 to our donors, volunteers, and trustees for their unwavering support. We arc confident that with your continued generosity> we will continu¢ to make a meaningful impact in th¢ live$ of children and adults. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 1172813 Prlneipal address Suite 3, 119 The Grove Stratford London E15 IEN Trustees Mr Farooq Mohamed Umcr Patel Mr Muhammad Nadcem Ikram - resigned 26th September 2024 Mr Zaid Farooq Patcl Independent Examiner A. Patel Prcstons & Jacksons Partnership LLP 364 - 368 Cranbrook Road llford Essex IG2 6HY Page 2 WELLBEING CARE FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRJL21ll4 |,,1202 Approv¢d by order ofthe board of tntstees on................., .-... - .. and sI￿d on its t￿mIf by: 2A Ip PefftrL £￿'cL PaLLL P8ge 3 INDEPENDENT EXAMINERIS REPORT TO THE TRUSTEES OF WELLBEING CARE FOUNDATION Independent examiner's report to tbe trustees of Wellbeing Care Foundation I report to the charity trustees on my cxarnination of the accounts of Wcllbcing Care Foundation (the Trust) for th¢ year ended 30 April 2024. Respons5bilities and basi8 of report As the charity trustees of th¢ Trust you are responsible for the prcparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act). I report in respect of my examination of the Trust's accolmts carried out under Section 145 of the Act and in carrying out my examination I bave followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent ex8mlner'8 statement I have completed my cxamination. I ¢onfinn that no material matters have com¢ to my attention in connection witb the examination giving me caus¢ to believ¢ that in any material respect: accounting records were not kept in rcspect of th¢ Trust as required by Section 130 of the Act; or the accounts do not accord with those records. or the accouDts do not comply with the applicable requirem¢nts concerning the form and content of account8 set out in the Charities (Accounts and Rcports) Regulations 2008 other than any requirement that the accounts give a tru¢ and fair view which is not a mati¢r considered as part of an independent examination. I have no concerns and have come acr088 no other matters in connection with the examlnation to which attention should be drawn in this reporl in order to enable a proper understanding of the accounts to bc reached. A. Patel kkQi*oNS) GCA. B F P Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Elford Essex IG2 6HY Page 4 WELLBEING CARE FOUNDATIO1¥4 STATEMENT OF FIIYANCIAL ACTIVITIES FOR THE YEAR EIYDED 30 APRIL 2024 30.4.24 Total funds 30.4.23 Total funds Unrestricted R￿trIcted fund fund Notcs INCOME AND ENDOWMENTS FROM Donations aud Icgaci¢s 61074 15.565 77,439 68,391 EXPENDITURE ON Cbarltable actlvitie8 charitable activities Support Costs 38,173 1,129 25,565 63,738 1,129 86,550 1,444 Total 39,302 25,565 64067 87,994 NET INCOMEI(EXPENDITURE) 22,572 (10,000) 12,572 (19,603) RECONCILIATION OF FUNDS Total funds brought forward 3,898 10,000 13,898 33.501 TOTAL FUNDS CARRIED FORWARD 26,470 26,470 13,898 The notes fonn part of these financial statements Page 5 WELLBEING CARE FOUNDATION BALANCE SHEET 4.24 30.4.23 CURREKf ASSETS 42,470 14,798 CREDrroRS Amounts falling du¢ within one year 01000) (900) NET CIJRRENT ￿ETs 2￿470 13.898 TOTAL ASSETS LE&8CURRENr L￿ILITIEs 26870 13,898 IYET ASSETS 26470 13.898 10 UnTestrfcted fimds Restricted funds 2A470 3,898 10.000 21470 13,898 The tIn•￿ill ststements We￿ approved by the Board of and athrfsed for iwe on .b.It.l...14tsL.It. atd were Si￿ed on Its behalf by: 4) PfiTcL IMV ZcLLd forooiL ?oL Th¢ not¢s fomi part ofthese fllJancj￿ statements WELLBEING CARE FOUNDATION NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 30 APRIL 2024 ACCOUNTING POLICIES Bas15 of preparlng the financial statements The fmancial statements of the charity, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Rcporting by Charities: Statcment of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Rcpublic of Ireland (FRS 102) (effective l January 2019),, FiDancial Reporting Standard 102 The Financial Reporting Standard applicable in thc UK and Republic of treland, and the Charities Act 2011. The financial statements have been prcparcd under the historical cost convention. The fmancial stalements havc bcen prepared under the historical cost convention. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income All income 18 reco￿lSed in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will b¢ r¢¢¢IV￿ and the amount can be measured reliably. Donations are recognised when thc charily has been notified ID writing of botb th¢ amount and settlement date. In the event that a donation is Subject to conditions that require a level of PerfOrn￿nCe before the charity is entitled to the funds. the incomc is dcferred and not rccogniscd until either those conditions are fully met, or the fulfilment of thosc condition is wholly within thc control of the charity and is probable that those conditions will be fulfilled in the reporting period. Expendlture and IrreeoverAble vat Liabilities are recognised as expenditure as soon as there 1$ a legal or Constructive obligation ommittins the charlty to that expenditure, it is probable that a transfer of economic benefils will b¢ required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that a88regate all cost related to th¢ ￿t¢gOry. Where costs cannot be directly attributed to particular headin8s they have been allocated to activities QD a basis consistent with tbe use of resources. Irrecoverable VAT is charged a8 a cost against the activity for which the expenditure was incurred Grants offered subject to conditions which havc not been met at the year end date are noted a8 a commitment but not accrued as expenditure. Trdxatlon The charity is exempt from tax on its charitable activilies. Fund Aecounting Unrestricted funds can be used in accordance with the charitable objectives at the discrction of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of tbe charity. Restrictions arise when sp¢cified by the donor or when funds are raised for particular restricted purposes. Pagc 7 continued... WELLBEING CARE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024 ACCOUNTING POLICIES - continued Cash and cash equlvalents Cash and cash equivalents are represented by Cash in hand, d￿081t$ held at call with financial institutions. and other short-terni highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to knovm amounts of cash with insignificant risk of change in value. Credltors Basic financial liabilities, including trade and other creditors, loans from third parties and loan8 from related parties, are initially rccogmised at transaction price, unless the arrangemcnt constitutes a financing transaction, wher¢ the debt instrument is measured at the present value of the suture payments discounted at a market rate of interest. Such instruments ar¢ sub8¢qU¢lltly carried at amortised cost using the effective interest method, less and impairnient. DONATIONS AND LEGACIES 30.4.24 30.4.23 Gift aid Donations 254 77,185 22,968 45,423 77,439 68,391 Grants received, included in the above, are as follow8: 30.4.24 30.4.23 Zakaat Sadaqah Nepal Project Amazon (Unrestricted) Hafiz Quran Sponsorship General Donations VisAon Blinds 4,580 190 7,285 35 250 160 64,585 100 250 120 45.053 77,185 45,423 Page 8 Continued... WELLBEING CARE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024 CHARITABLE ACTIVITIES COSTS Grant funding of activities (see notc DiT￿t Costs Support costs 4) Totals charitabl¢ activities Support Costs 108 63,630 63,738 1,129 1,129 108 63,630 1,129 64,867 GRANTS PAYABLE 30.4.24 30.4.23 charitable activities 63,630 86,550 The total grants paid to individuals during th¢ year was as follows: 30.4.24 30.4.23 Hidayat Education Sponsorship Abdullah Aid Majlis Al Falah Talimul Quran UK Bacchoka Ghar Nas Quwwat Ul Islam Al Falah Educalion Al Khair Foundation Darul Uloom Deoban Jamia Islamia Isha The European Benevcolent The Sarvajanik Med Shifa Trust 49,830 3,000 35,000 10,000 1,000 350 2,500 500 5,000 10,000 5,000 l6,800 8JOO 2,500 63,630 86,550 Page 9 continued... WELLBEING CARE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustecs, rcmuneration OT Other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023. Trustee8 expenses There were no trustees, expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023. COMPARATIVES FOR TUE STATEMENT OF FIIYANCIAL ACTIVITIES 30 APRIL 2023 Unrestricted Restrict Total fund fund funds INCOME AND LNDOWMENTS FROM Donations and legacies 48,021 20,370 68.391 EXPENDITURE ON Charltable 2etlvltles charitable activiti¢s Support Costs 76,180 1,444 10,370 86,550 1,444 Total 77,624 10,370 87,994 NET INCOMEI(EXPENDITURE) (29,603) 10,000 (19,603) RECONCILIATIOIY Oli FUNDS Total funds brought forward 33,501 33,501 TOTAL FUNDS CARRIED FORWARD 3,898 10,000 13.898 Page 10 continued.. WELLBEING CARE FOUNDATIOIY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024 KEY MANAGEMENT PERSOIYNEL Key Management Personnel of the Organisation 18 the Board of Truste￿. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.4.24 30.4.23 Other creditors 16,000 900 ANALYSIS OF IYET ASSETS BETWEEN FUNDS 30.4.24 Total funds 30.4.23 Total funds Unrestricted Restricted fiuld fund Current assets Current liabilities 42,470 (16,000) 42,470 (16,000) 14,798 (900) 26,470 26,470 13.898 10. MOVEMEIYT IN FUNDS Net movement in funds At 3014124 At 115123 UDrestricted fund$ General fund 3,898 22,572 26,470 Restrlcted funds Restricted Funds 10,000 (10,000) TOTAL FUNDS 13,898 I2￿72 26,470 N¢t movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestrieted funds General fund 61,874 (39J02) 22A72 Restricted fuDd5 Restricted Funds IS￿65 (25,565) (10,000) TOTAL FUNDS 77,439 (64,867) 12,572 Pagell continued... WELLBEING CARE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024 10. MOVEMENT IN FUNDS- contlnued Comparatlves for movement In funds Net movement in funds At 3014123 At 115122 Unrestrlcted fullds eneral fund 33,501 (29,603) 3,898 Restrleted funds Restricted Funds 10,000 10,000 TOTAL FUNDS 33,501 (19,603) 13,898 Comparative net movement in funds, included in tbe above are as follows: InLM)ming Resources Movement resources expended in funds Unre6trlcted fund8 General fund 48,021 (77,624) (29,603) Re8trlcted funds Restricted Funds 20,370 (10,370) 10,000 TOTAL FUNDS 68,391 (87,994) (I9,603) There were no restricted funds carried forward as at 30th Apr 2024. (2023: £10,000). 11. RELATED PARTY DISCLOSURES During thc year, the total amount donated by the Trustc¢s were £1,200. (2023: £1,200). During the year, one of the trust¢e loaned £15.000 to Wellbeing Care Foundation. The loan was on an interest frree basis and is repayable upon deman