Registered number 1177184
## **AL NASEEB WELFARE TRUST**
## **Income and Expenditure Accounts**
## **31 MARCH 2024**
## **AL NASEEB WELFARE TRUST**
## **Report and accounts Contents**
|**AL NASEEB WELFARE TRUST**
**Report and accounts**
**Contents**||
|---|---|
||**Page**|
|Charity information|1|
|Trustees' report|2|
|Statement of directors' responsibilities|3|
|Directors' statement|3|
|Accountants' report|3|
|Profit and loss account|4|
|Statement of total recognised gains and losses|6|
|Balance sheet|5|
|Cash flow statement|6|
**AL NASEEB WELFARE TRUST Registered number: Trustees' Report**
**1177184**
(refer to CC15a charity Reporting and Accounting: The assentials and charities (Accounts and Reports) Regulations 2008).
The trust was established with the intention of to provide islamic education and cultural facilities to local community. It is governed by a deed of trust last updated in July 2006.
The board of trustees oversee the running of the charity on a day to day basis. All decisions are made at board meetings which are held frequently through the year. The trustees give their time freely and receive no financial benefits. The existing trustees are responsible for the recruitment of new trustees.
## **Objectives**
The objects of the charity are set out in the charity's trust deed and summarised as follows:-
- 1 To advance education by providing facilities for instruction in the Islamic faith
- 2 To advance the Muslim faith .
## **Trustees'**
The following persons served as trustees during the year: NASEEB UR REHMAN ALVI NOOR AL WAHAB ALVI
AZAM KHAN
## **Political and charitable donations**
## **Trustees' responsibilities**
The trustees are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Charity law requires the trustees to prepare accounts for each financial year. Under that law the trustees have elected to prepare the ● select suitable accounting policies and then apply them consistently; ● make judgements and estimates that are reasonable and prudent; ● prepare the accounts on the going concern basis unless it is inappropriate to
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's
## **Activities and achievements**
During the year Trust carried out range of activities in pursuance of its objectives, mentioned above. Mosque, governed by the Trust, is a centre place for the local muslim community to offer prayers and can conduct their religious activities according to their faith. Other welfare activites conducted by the trustees, on behalf of the trust, to support well being of under privileged people in Pakistan are detailed below;
## (1) Distributing Food packs
- (2) Distributing qurbani shares (meat of animal sacrificial on the event of Eid-Ul-Azha)
- (3) Poor and non affording patients were provided with financial help for medical treatment
- (4) Eid gifts were distributed among orphan children
- (5) Financial support for wedding of girls from under-privileged families
## **Disclosure of information to auditors**
Each person who was a director at the time this report was approved confirms that:
> ● so far as he is aware, there is no relevant audit information of which the
> ● he has taken all the steps that he ought to have taken as a director in order to
## **Small company provisions**
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies
This report was approved by the board on 19 August 2024 and signed on its behalf.
Director
Approved by the trustees and signed on its behalf by:
(Chair)
10/08/2024
## **AL NASEEB WELFARE TRUST**
## **Accountants' Report**
I report on the accounts of the Trust for the year ended 31 march 2024
The charity's trustees are responsible for preparation of the accounts. The charty's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
1) examine the accounts under section 145 of the 2011 Act
2) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
3) to state whether particular matters have come to my attention
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
(1) Which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and compy with the accounting requirements of the 2011 Act have not been met; or
(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **AL NASEEB WELFARE TRUST**
## **Income and Expenditure Account for the year ended 31 March 2024**
|Voluntary funds
Other funds
**Total Incoming Funds**
Distribution costs
Cost of generating funds
Other operating income -Investment
**Net funds before transfers**
Income from investments
Interest receivable
Interest payable
Gains and losses on revaluation of fixed assets
**Net movement in funds**
Tax on profit on ordinary activities
Total Funds brought forward
**Total funds carried forwards**|80,268
-
80,268
(38,863)
-
41,405
-
-
-
41,405
-
74,977
116,382|94,165
-
94,165
(82,805)
-
11,360
-
-
-
11,360
-|
|---|---|---|
|||63,617|
|||74,977|
## **AL NASEEB WELFARE TRUST**
## **Statement of Assets and Liabilities**
|**as at 31 March 2024**
Intangible assets
Tangible assets
2
Investments
**Current assets**
Stocks
-
Debtors
-
Investments held as current assets
-
Cash at bank and in hand
27,478
27,478
**Creditors: amounts falling due within one year**
3
720
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than**
**one year**
4
**Provisions for liabilities**
**Net assets**
**The funds of the charity:**
Called up share capital
Share premium
Revaluation reserve
Capital redemption reserve
Surples and Deficite account
5
**Total funds**|-
303,000
-
303,000
26,758
329,758
(213,376)
116,382
-
-
-
-
116,382
116,382|-
-
-
91,221
91,221
600|-
-
-
-
90,621
90,621
(15,644)
74,977
-
-
-
74,977
74,977|
|---|---|---|---|
|**AL NASEEB WELFARE TRUST**
**Cash Flow Statement**
**for the year ended 31 March 2024**
Operating profit
Reconciliation to cash generated from operations:
Depreciation
Amortisation of goodwill
Decrease in creditors
Purchase of tangible fixed assets
**Net increase in cash**
Cash at bank and in hand less overdrafts 1 March
**Cash at bank and in hand less overdrafts at 31 March**
Consisting of:
Cash at bank and in hand
Overdrafts|41,405
-
-
41,405
-
41,405
27,478
68,883
27,478
-
27,478|11,360
-
-
11,360
11,360
91,221
102,581
91,221
-
91,221|
|---|---|---|