**Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2023** Charity Assist Accountants Ltd Certified Public Accountants and Charity Independent Examiners Unit 27 Batley Enterprise Centre 513 Bradford Road Batley West Yorkshire WF17 8LL 1 **Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2023** |**Contents**|**Page**| |---|---| |Basic information|3| |Trustees annual report|4-7| |Independent examiner’s report|8-9| |Income and expenditure accounts|10-11| |Notes to the accounts|12-14| 2 **Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2023** ## **Basic information** ## **Address** 7 Fourth Avenue Bradford BD3 7JW ## **Bank** HSBC bank 47 Market Street Bradford BD1 1LW ## **Accountants** Charity Assist Accountants Ltd Unit 27 Batley Enterprise Centre Batley WF17 8LL ## **Charity registration number** 1175430 3 **Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2023** # **Trustees’ annual report (including Directors’ report) for the period** **From:** 1[st ] July 2022 **To:** 30[th] June 2023 **Charity name:** Akab Welfare Trust Limited **Charity registration number:** 1175430 **Company number:** 07654963 ## **Objectives and activities** |**Objectives and activities**||| |---|---|---| ||SORP reference|| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To advance education and relieve the needs
of blind children in Pakistan by supporting
Akab School Pakistan by such means as are
exclusively charitable in accordance with the
laws of England and Wales.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17
and 1.19|The charity managed to raise funds which
they used towards their charitable objects
during the year.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The Directors are responsible for
preparing the Directors Annual Report
and the Financial Statements in
accordance with applicable law and
regulations. Company law requires the
directors to prepare financial statements
for each financial year. Under that law the
Directors have elected to prepare the
financial statements in accordance with
United Kingdom Generally Accepted
Accounting Practice (United Kingdom
Accounting Standards and applicable
law).
In preparing the financial statements, the
directors are required to:
• Select suitable accounting policies
and then applythem consistently;| 4 ## **Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2023** • Make judgements and estimates that are reasonable and prudent; • Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with Companies Act 2011 and the Statement of Recommended Practice, Accounting and Reporting by Charities (FRS102). ## **Achievements and performance** |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The charity raised funds, which helped
them to carry out their charitable
activities. They managed to send grants
to Pakistan. In addition, they bought
braille note touch and perkins braille
which they transported to Pakistan.| |---|---|---| 5 **Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended** **30[th] June 2023** ## **Financial review** |**Financial review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The charity is showing a surplus on the
movement in funds.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The charity holds no reserves.| ## **Structure, governance and management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing
document: for example,
trust deed, memorandum and
articles of association etc|Para 1.25|Memorandum and articles incorporated 01
June 2011 as amended by special resolution
registered at companies’ house on 24
October 2017| |How is the charity
constituted?
for example limited company,
unincorporated association, CIO|Para 1.25|Charitable company| |Trustee selection methods
including details of any
constitutional provisions e.g.,
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|The charity may by ordinary resolution:
1. Appoint a person who is willing to act
as a trustee.| ## **Reference and administrative details** |Charity name|Akab Welfare Trust Limited| |---|---| |Other name the charity
uses|| |Registered charity
number|1175430| |Charity’s principal
address|7 Fourth Avenue
Bradford
BD3 7JW| 6 ## **Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2023** ## **Names of the charity trustees who manage the charity** |1
2
3|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or**
**body) entitled to**
**appoint trustee (if**
**any)**| |---|---|---|---|---| ||Muhammad Tayyab|||| ||Tasneem Ahmed|||| ||Mohammed Yaqub Nizami|||| **Corporate trustees – names of the directors at the date the report was approved** **Director name** Ahmed Tasneem Nizami Yaqub Tayyab Muhammad ## **Declarations** 7 ## **Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended** ## **30[th] June 2023** Independent examiner's report on the accounts ## **Section A Independent Examiner’s Report** **Report to the** Akab Welfare Trust Limited **trustees/directors/ members of On accounts for the** 30[th] June 2023 **period ended Charity no.:** 1175430 Company no.: 07654963 **Set out on pages** 13 -14 I report to the charity trustees on my examination of the accounts of the Company for the period ended 30/06/2023. **Responsibilities and** As the charity’s trustees of the Company (who are also the directors of the **basis of report** company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention which gives me cause to believe that: • accounting records were not kept in accordance with section 386 of the Companies Act 2006; or - the accounts do not accord with such records; or • the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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; or - •the accounts have not been prepared in accordance with the Charities SORP (FRS102). 8 Akab Welfare Trusl Limited Income and Ex enditure Accounts for the 30th June 2023 ear ended I have no ￿n￿rns and have cune across no other matters in connecti the examination to which attent￿￿ slyjuld be drawri in this report in order to enable a propar understsnding of the acwunts to be reached. Slgned: D*t•.' I?, Jo.20 Nam•: Abdul Qudelr Khan Relevant profes$ional quallficatlonlsl or body Ilf anyl: FMAAT FCPA Addr•￿. Unrt 27, 88ley Enle￿n$8 Centre 513 Bradford Road, Batley WF17 8LL ## **Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2023** ||**Charity Name**Akab Welfare Trust Limited|**Charity Name**Akab Welfare Trust Limited|**Charity Name**Akab Welfare Trust Limited|**Charity No**|1175430|1175430|| |---|---|---|---|---|---|---|---| |||||**Company No**|7654963||| ||**Annual accounts for the period**||||||| ||**Period start date**||01/07/2022|**To**|**Period end**
**date**|30/06/2023|| ||||||||| ## **Section A Statement of financial activities (including summary income and expenditure account)** |**Recommended categories by activity**|**Recommended categories by activity**|Guidance Note|**Unrestricted**
**funds**|**Restricted**
**income funds**|**Endowment**
**funds**|**Total funds**|**Prior year**
**funds**| |---|---|---|---|---|---|---|---| ||||**£**|**£**|**£**|**£**|**£**| |**Income (Note 3)**|||F01|F02|F03|F04|F05| |**Income and endowments from:**|||||||| |Donations and legacies||S01|224,498|-|-|224,498|150,376| |Charitable activities||S02|-|-|-|-|-| |Other trading activities||S03|-|-|-|-|-| |Investments||S04|-|-|-|-|-| |Separate material item of income||S05|-|-|-|-|-| |Other||S06|-|-|-|-|-| |**_Total_**||S07|224,498|-|-|224,498|150,376| |**Expenditure (Notes 6)**|||||||| |**Expenditure on:**|||||||| |Raising funds||S08|4,601|-|-|4,601|13,040| |Charitable activities||S09|205,760|-|-|205,760|149,433| |Separate material expense item||S10|-|-|||-| |Other||S11|152|-|-|152|159| |**_Total_**||S12|210,513|-|-|210,513|162,632| ||||||||| |**Net income/(expenditure) before tax for**
**the reporting period**||S13|13,985|-|-|13,985|12,256
-| |Taxpayable||S14|-|-|-|-|-| |**Net income/(expenditure) after tax**
**before investment gains/(losses)**||S15|13,985|-|-|13,985|12,256
-| |Net gains/(losses) on
investments||S16|-|-|-|-|-| |**Net income/(expenditure)**||S17|13,985|-|-|13,985|12,256
-| |**Extraordinary items**||S18|-|-|-|-|| |**Transfers between funds**||S19|-|-|-|-|-| |**Other recognised** **gains/(losses):**|||||||| |Gains and losses on revaluation of fixed assets for the
charity’s own use||S20|-|-|-|-|-| |Other gains/(losses)||S21|-|-|-|-|-| |**_Net movement in funds_**||S22|13,985|-|-|13,985|12,256
-| ||||||||| |**_Reconciliation of_**
**_funds:_**|||||||| |Total funds brought forward||S23|45,087|-|-|45,087|57,343| |**_Total funds carried forward_**||S24|59,072|-|-|59,072|45,087| 10 ## **Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2023** ||**Charity Name**Akab Welfare Trust Limited|**Charity Name**Akab Welfare Trust Limited|**Charity Name**Akab Welfare Trust Limited|**Charity No**|1175430|1175430| |---|---|---|---|---|---|---| |||||**Company No**|7654963|| |**Section B Balance sheet**||||||| ||Guidance Note|**Unrestricted**
**funds**|
**Restricted income**
**funds**|**Endowment**
**funds**|**Total this**
**year**|**Total last**
**year**| |||**£**|**£**|**£**|**£**|**£**| |**Fixed assets**||F01|F02|F03|F04|F05| |**Intangible assets(Note 15)**|B01|-|-|-|-|-| |**Tangible assets(Note 14)**|B02|-|-|-|-|-| |**Heritage assets(Note 16)**|B03|-|-|-|-|-| |**Investments(Note 17)**|B04|-|-|-|-|-| |**_Total fixed assets_**|B05|-|-|-|-|-| |**Current assets**||||||| |**Stocks(Note 18)**|B06|-|-|-|-|-| |**Debtors(Note 19)**|B07|-|-|-|-|-| |**Investments(Note 17.4)**|B08|-|-|-|-|-| |**Cash at bank and in hand(Note 24)**|B09|60,472|-|-|60,472|45,597| |**_Total current assets_**|B10|60,472|-|-|60,472|45,597| |||||||| |**Creditors: amounts falling due**
**withinone year(Note 20)**|B11|1,400|-|-|1,400|510| |||||||| |**_Net current assets/(liabilities)_**|B12|59,072|-|-|59,072|45,087| |||||||| |**_Total assets less current liabilities_**|B13|59,072|-|**-**|59,072|45,087| |||||||| |**Creditors: amounts falling due after**
**one year(Note 20)**|B14|-|-|-|-|-| |**Provisions for liabilities**|B15|-|-|-|-|-| |||||||| |**_Total net assets or liabilities_**|B16|59,072|-|-|59,072|45,087| |**Funds of the Charity**||||||| |**Endowment funds (Note 27)**|B17|-|||-|-| |**Restricted income funds (Note 27)**|B18||-||-|-| |**Unrestricted funds**|B19|59,072||-|59,072
-
-|45,087| |**Revaluation reserve**|B20|||||| |**Fair value reserve**|B21|||||| |**_Total funds_**|B22|59,072|-|-|59,072|45,087| |||||||| |||||||| |**_The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small_**
**_companies._**||||||| |||||||| |**_The members have not required the company to obtain an audit in accordance with section 476 of the Companies_**
**_Act 2006._**||||||| |||||||| |**_The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with_**
**_respect to accounting records and the preparation of accounts._**||||||| |||||||| |**_These accounts have been prepared in accordance with the provisions applicable to small companies subject to_**
**_the smallcompanies regime and inaccordance with FRS102 SORP._**||||||| |||||||| |Signed by one or two trustees/directors on behalf of all the
trustees/directors|||Print Name|||Date of
approval
dd/mm/yyyy| |||||||| |||||||| |||||||| |Signature of director authenticating accounts being sent to
Companies House|||Signature|||Date
dd/mm/yyyy| |||||||18/10/2023| ||||Muhammad Tayyab|||**Print name**| 11 ## **Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended** ## **30[th] June 2023** ## **Section c Notes to the accounts** |**Note 3**|**Income**|||||| |---|---|---|---|---|---|---| ||**Analysis of income**|**Unrestricted**
**funds**|
**Restricted**
**income**
**funds**|**Endowment**
**funds**|**Total funds**|**Prioryear**| ||||||**£**|**£**| |**Donations**
**and**
**legacies:**|Donations and gifts|224,498|-|-|224,498|150,376| ||GiftAid|-|-|-|-|-| ||Legacies|-|-|-|-|-| ||General grants provided by government/other
charities|-|-|-|-|-| ||Membership subscriptions and sponsorships
whichareinsubstance donations|-|-|-|-|| ||Donated goods, facilities and services|-|-|-|-|-| ||Other|-|-|-|-|| ||**Total**|224,498|-|-|224,498|150,376| |||||||| |**TOTAL INCOME**||224,498|-|-|224,498|150,376| 12 **Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2023** |**Note 6**|**Expenditure**|||||| |---|---|---|---|---|---|---| ||**Analysis of expenditure**|**Unrestricted**
**funds**|
**Restricted**
**income**
**funds**|**Endowment**
**funds**|**Total funds**|**Prioryear**| ||||||**£**|**£**| |**Expenditure on**
**raising funds:**|Incurred seeking donations|201|-|-|201|-| ||Incurred seeking legacies|-|-|-|-|-| ||Advertising, marketing, direct mail and
publicity|4,400|-|-|4,400|13,040| ||**Total expenditure on raising funds**
|4,601|
-|-|4,601|13,040| |||||||| |**Expenditure on**
**charitable**
**activities**|Accountancy fees|975|-|-|975|510| ||Annual return|125|||125|| ||Cargo transport|94|-|-|94|-| ||Charity fundraising event|7,000|||7,000|| ||Commissions paid|3,500|-||3,500|| ||Equipment for the blind|8,790|||8,790|| ||Grants Pakistan|183,500|||183,500|147,212| ||Independent examination|300|||300|| ||Postage,printing and stationery|540|||540|571| ||Subscriptions|648|||648|| ||Travelling|-|-|-|-|1,140| ||Website|288|-|-|288|-| ||**Total expenditure on charitable**
**activities**|205,760|-|-|205,760|149,433| ||**Total**|-|-|-|-|-| |**Other**|Bank charges|152|-|-|152|159| |||-|-|-|-|-| ||**Total other expenditure**|152|-|-|152|159| |||||||| |**TOTAL EXPENDITURE**||210,513|-|-|210,513|162,632| |**Note 10 Details of certain types of expenditure**|**Note 10 Details of certain types of expenditure**|**Note 10 Details of certain types of expenditure**|**Note 10 Details of certain types of expenditure**|**Note 10 Details of certain types of expenditure**||| |---|---|---|---|---|---|---| |||||||| |**Note 10.1 Fees for examination of the accounts**||||||| |**_Please provide details of the amount paid for any statutory external scrutiny of_**
**_accounts and other services provided by your independent examiner. If nothing_**
**_was paid please enter '0' in the appropriate box(es)._**||||||| ||||||**This year**|**Last year**| ||||||**£**|**£**| |**Independent examiner’s fees**|||||300|| |**Assurance services other than independent examination**||||||| |**Tax advisory fees**||||||| |**Other fees (for example: financial advice, consultancy, accountancy services)**
**paid to the independent examiner**||||||| 13 ## **Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2023** |**Note 20 Creditors and accruals**|**Note 20 Creditors and accruals**|**Note 20 Creditors and accruals**|**Note 20 Creditors and accruals**|**Note 20 Creditors and accruals**| |---|---|---|---|---| |**_Please complete this note if the charity has any creditors or accruals._**||||| |||||| |**20.1 Analysis of creditors**||||| ||**Amounts falling due**
**within oneyear**||**Amounts falling due after**
**more than oneyear**|| ||**This year**|**Last year**|**This year**|**Last year**| ||**£**|**£**|**£**|**£**| |**Accruals for grants payable**|-|-|-|-| |**Bank loans and overdrafts**|-|-|-|-| |**Trade creditors**|-|-|-|-| |**Payments received on account for contracts**
**or performance-related grants**|-|-|-|-| |**Accruals and deferred income**|1,400|510|-|-| |**Taxation and social security**|-|-|-|-| |**Other creditors**|-|-|-|-| |**Total**|1,400|510|-|-| |**Note 24Cash at bankand in hand**|**Note 24Cash at bankand in hand**|**Note 24Cash at bankand in hand**||| |---|---|---|---|---| ||||**This year**|**Last year**| ||||**£**|**£**| |**Short termcash investments (less than 3 months maturity date)**|||-|-| |**Short termdeposits**|||-|-| |**Cash at bankand on hand**|||60,472|45,597| |**Other**|||-|-| |**Total**|||60,472|45,597| 14