**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
1
**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|
2
**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
3
**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;|
4
**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.|
|---|---|---|
5
**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|
6
## **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**
7
**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 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 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.
9
## **Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024**
||**Charity Name**Akab Welfare Trust Limite|**Charity Name**Akab Welfare Trust Limite|**Charity Name**Akab 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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
_**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.**_
11
## **Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024**
## **Section c Notes to the accounts**
**----- Start of picture text -----**
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
**----- End of picture text -----**
12
**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|
13
## **Akab Welfare Trust Limited Income and Expenditure Accounts for the year ended 30[th] June 2024**
**----- Start of picture text -----**
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
**----- End of picture text -----**
14
## **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|
15
## **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 -
**----- End of picture text -----**
**----- Start of picture text -----**
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 - -
**----- End of picture text -----**
|**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|
16