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2024-06-30-accounts

Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024

Charity Assist Accountants Ltd

Certified Public Accountants and Charity Independent Examiners

Unit 27 Batley Enterprise Centre

513 Bradford Road Batley West Yorkshire

WF17 8LL

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Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024

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 12-16

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Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024

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

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Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024

Trustees’ annual report (including Directors’ report) for the period

From: 1[st ] July 2023 To: 30[th] June 2024

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;

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Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024

• 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.

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Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended

30[th] June 2024

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

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Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024

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 Muhammad Tayyab Tasneem Ahmed Mohammed Yaqub Nizami

Declarations

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Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended

30[th] June 2024

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 2024 period ended Charity no.: 1175430 Company no.: 07654963

Set out on pages 10 -11

I report to the charity trustees on my examination of the accounts of the Company for the period ended 30/06/2024.

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 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

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Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024

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 accounts to be reached.

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Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024

Charity NameAkab Welfare Trust Limite Charity NameAkab Welfare Trust Limite Charity NameAkab Welfare Trust Limite Charity No
d		 1175430 1175430
Company No 7654963
Annual accounts for the period
Period start date 01/07/2023 To Period end
date		 30/06/2024

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 340,075 - - 340,075 224,498
Charitable activities S02 - - - - -
Other trading activities S03 - - - - -
Investments S04 - - - - -
Separate material item of income S05 - - - - -
Other S06 - - - - -
Total S07 340,075 - - 340,075 224,498
Expenditure(Notes 6)
Expenditure on:
Raising funds S08 461 - - 461 4,601
Charitable activities S09 246,456 - - 246,456 205,760
Separate material expense item S10 - - -
Other S11 379 - - 379 152
Total S12 247,296 - - 247,296 210,513
Net income/(expenditure) before tax
for the reporting period		 S13 92,780 - - 92,780 13,985
Taxpayable S14 - - - - -
Net income/(expenditure) after tax
before investmentgains/(losses)		 S15 92,780 - - 92,780 13,985
Net gains/(losses) on
investments		 S16 - - - - -
Net income/(expenditure) S17 92,780 - - 92,780 13,985
Extraordinary items S18 - - - -
Transfers between funds S19 - - - - -
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the
charity’s ow n use		 S20 - - - - -
Other gains/(losses) S21 - - - - -
Net movement in funds S22 92,780 - - 92,780 13,985
Reconciliation of
funds:
Total funds brought forw ard S23 59,072 - - 59,072 45,087
Total funds carried forward S24 151,852 - - 151,852 59,072

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Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024

Section B Balance sheet

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Unrestricted Restricted Endowment Total this Total last
funds income funds funds year year
£ £ £ £ £
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) B01 - - - - -
Tangible assets (Note 14) B02 1,800 - - 1,800 -
Heritage assets (Note 16) B03 - - - - -
Investments (Note 17) B04 - - - - -
Total fixed assets B05 1,800 - - 1,800 -
Current assets
Stocks (Note 18) B06 - - - - -
Debtors (Note 19) B07 40,000 - - 40,000 -
Investments (Note 17.4) B08 - - - - -
Cash at bank and in hand (Note 24) B09 112,052 - - 112,052 60,472
Total current assets B10 152,052 - - 152,052 60,472
Creditors: amounts falling due
within one year (Note 20) B11 2,000 - - 2,000 1,400
Net current assets/(liabilities) B12 150,052 - - 150,052 59,072
Total assets less current liabilities B13 151,852 - - 151,852 59,072
Creditors: amounts falling due
after one year (Note 20) B14 - - - - -
Provisions for liabilities B15 - - - - -
Total net assets or liabilities B16 151,852 - - 151,852 59,072
Funds of the Charity
Endowment funds (Note 27) B17 - - -
Restricted income funds (Note 27) B18 - - -
Unrestricted funds B19 151,852 - 151,852 59,072
Revaluation reserve B20 -
Fair value reserve B21 -
Total funds B22 151,852 - - 151,852 59,072
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 small companies regime and in accordance with FRS102 SORP.
Guidance Note
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These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

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Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024

Section c Notes to the accounts

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Note 3 Income
Restricted
Unrestricte income Endowmen
Analysis of income d funds funds t funds Total funds Prior year
£ £
Donations Donations and gifts 263,511 - - 263,511 224,498
and Gift Aid 76,565 - - 76,565 -
- - - - -
legacies: Legacies
General grants provided by
- - - - -
government/other charities
Membership subscriptions and
sponsorships which are in substance
donations - - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total 340,075 - - 340,075 224,498
TOTAL INCOME 340,075 - - 340,075 224,498
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Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024

Note 6 Expenditure
Analysis of expenditure Unrestricted
funds
Restricted
income
funds		 Endowmen
t funds		 Total funds Prioryear
£ £
Expenditure on
raising funds:		 Incurred seekingdonations 111 - - 111 201
Incurred seeking legacies - - - - -
Advertising, marketing, direct mail 350 - - 350 4,400
Total expenditure on raising funds 461
-		 - 461 4,601
Expenditure on
charitable
activities		 Accountancy fees 1,350 - - 1,350 975
Annual return 225 225 125
Cargo transport 329 - - 329 94
Charitable activities 10,000 10,000
Charity fundraising event 5,738 5,738 7,000
Commissions paid 5,000 - 5,000 3,500
Depreciation 200 200
Equipment for the blind - 8,790
Gift aid charges 4,050 4,050
Governance charges 734 734
Grants Pakistan 215,000 215,000 183,500
Independent examination 525 525 300
Postage,printing and stationery - 540
Subscriptions 716 716 648
Website 2,588 - - 2,588 288
Total expenditure on charitable
activities		 246,456 - - 246,456 205,760
Other - - - - -
Bank charges 379 - - 379 152
- - - -
- - - - -
- - - - -
Total other expenditure 379 - - 379 152
TOTAL EXPENDITURE 247,296 - - 247,296 210,513

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Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024

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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
525 300
Assurance services other than independent examination
Tax advisory fees
Other fees (for example: financial advice, consultancy, accountancy services)
paid to the independent examiner
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Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024

Note 14 Tangible fixed assets Note 14 Tangible fixed assets Note 14 Tangible fixed assets Note 14 Tangible fixed assets Note 14 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
14.1 Cost or valuation
Freehold land
& buildings
Other land &
buildings		 Plant,
machinery
and motor
vehicles		 Fixtures,
fittings and
equipment		 Total
£ £ £ £ £
At the beginning of
the year		 - - - - -
Additions - - - 2,000 2,000
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year - - - 2,000 2,000
14.2 Depreciation and impairments
**Basis SL or RB SL or RB SL or RB SL or RB SL or RB
** Rate 10% SL
At beginning of the
year		 - - - - -
Disposals - - - - -
Depreciation - - - 200 200
Impairment - - - - -
Transfers* - - - - -
At end of the year - - - 200 200
14.3 Net book value
Net book value at the
beginning of the year		 - - - - -
Net book value at the
end of the year		 - - - 1,800 1,800

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Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024

----- Start of picture text -----
Note 19 Debtors and prepayments
Please complete this note if the charity has any debtors or prepayments.
19.1 Analysis of debtors
This year Last year
£ £
Trade debtors - -
Prepayments and accrued income 40,000.0 -
Other debtors - -
Total 40,000.0 -
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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 Amounts falling due
within one year after more than one year
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 2,000 1,400 - -
Taxation and social security - - - -
Other creditors - - - -
Total 2,000 1,400 - -
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Note 24 Cash at bank and in hand Note 24 Cash at bank and in hand Note 24 Cash at bank and in hand
Thisyear Lastyear
£ £
Short term cash investments(less than 3 months maturity date) - -
Short term deposits - -
Cash at bank and on hand 112,052 60,472
Other - -
Total 112,052 60,472

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