Registered number: 11108796 Registered Charity Number: 1184218
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FOR AL-ZAHOOR WELFARE FOUNDATION LTD
TaxAssist Accountants
64 Southwark Bridge Road
London SE1 0AS
Al-Zahoor Welfare Foundation Ltd Unaudited Financial Statements For The Year Ended 31 December 2022
Contents
| Contents | |
|---|---|
| Page | |
| Report of the trustees | 1 |
| Independent Examiner’s Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5-6 |
| Detailed Statement of Financial Activities | 7 |
Al-Zahoor Welfare Foundation Ltd Report of the Trustees For The Year Ended 31 December 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
Objectives and activities
Objectives and aims
The charity's objects ('objects') are specifically restricted to the following:
-
The public benefit the relief of those in need, by reason of age, ill-health, disability, financial or other disadvantage such as a natural disaster in Bangladesh in particular but not exclusively by:
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The relief of poverty by providing food and clothing, building refuge shelters, access to clean water, distributing staple food packages.
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The advancement of education by operating a school for local children and providing vocational training.
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The advancement of health by providing access to free medical consultations and eye care clinics.
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Reference and administrative details
Registered Company number 11108796 (England and Wales)
Registered Charity number
1184218
Registered office
94 Park Grove Hull East Riding Of Yorkshire HU5 2US
Trustees
S A Choudhury - Management Consultant J A Choudhury - Civil Servant F A Choudhury - Self Employed F A Choudhury - Director A A Choudhury - Managing Chaplain K Islam - Program Manager
Independent Examiner
TaxAssist Accountants 64 Southwark Bridge Road London SE1 0AS
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................................. Trustee
Page 1
Al-Zahoor Welfare Foundation Ltd Independent Examiner's Report For The Year Ended 31 December 2022
Independent examiner's report to the trustees of AL-ZAHOOR WELFARE FOUNDATION LTD
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and its directors 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 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 examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
.............................................
Irfan Masood ACCA TaxAssist Accountants 64 Southwark Bridge Road London SE1 0AS
Date: .............................................
Al-Zahoor Welfare Foundation Ltd Statement of Financial Activities For The Year Ended 31 December 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Donations and legacies | 109,852 | 157,559 |
| Other charges | (140,355) | (79,673) |
| ____ | ____ | |
| NET SURPLUS/(DEFICIT) | (30,503) | 77,886 |
| ____ | ____ | |
| Reconciliation of funds | ||
| Total funds brought forward | 238,727 | 160,841 |
| ____ | ____ | |
| Total funds carried forward | 208,224 | 238,727 |
| ____ |
____ |
Page 3
Al-Zahoor Welfare Foundation Ltd Balance Sheet As at 31 December 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Cash at bank | 208,840 | 239,326 | |||
| _____ | _____ | ||||
| 208,840 | 239,326 | ||||
| Creditors: Amounts Falling Due Within One Year | 3 | (616) | (599) | ||
| _____ | _____ | ||||
| NET CURRENT ASSETS (LIABILITIES) | 208,224 | 238,727 | |||
| _____ | _____ | ||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 208,224 | 238,727 | |||
| _____ | _____ | ||||
| NET ASSETS | 208,224 | 238,727 | |||
| ======== | ======== | ||||
| Unrestricted funds | 4 | 208,224 | 238,727 | ||
| _____ | _____ | ||||
| TOTAL FUNDS | 208,224 | 238,727 | |||
| ======== | ======== |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by:
............................................. S A Choudhury - Trustee
The notes form part of these financial statements
Page 4
Al-Zahoor Welfare Foundation Ltd Notes to the Financial Statements As at 31 December 2022
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be 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 aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the period ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the period ended 31 December 2021.
3. Creditors: amounts falling due within one year
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Accruals and deferred income | 616 | 599 | ||
| 4. | Movement in funds | |||
| Net | ||||
| movement | At | |||
| At 1/1/22 |
in funds | 31/12/22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund |
238,727 |
(30,503) | 208,224 | |
| TOTAL FUNDS |
238,727 |
(30,503) | 208,224 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming |
Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ |
£ | ||
| Unrestricted funds | ||||
| General fund |
109,852 |
(140,355) | (30,503) | |
| TOTAL FUNDS |
109,852 |
(140,355) | (30,503) |
Page 5
Al-Zahoor Welfare Foundation Ltd Notes to the Financial Statements As at 31 December 2022
4. Movement in funds (continued)
Comparatives for movement in funds
| Comparatives for movement in funds | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| in funds | 31/12/21 | ||
| £ | £ | ||
| Unrestricted funds | |||
| General fund | (30,503) | 238,727 | |
| TOTAL FUNDS | (30,503) | 238,727 | |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 109,852 | (140,355) | (30,503) |
| TOTAL FUNDS | 109,852 | (140,355) | (30,503) |
5. Related party disclosures
There were no related party transactions for the year ended 31 December 2022.
Page 6
Al-Zahoor Welfare Foundation Ltd Detailed Statement of Financial Activities For The Year Ended 31 December 2022
| INCOME Donations received EXPENDITURE Donations spent Support costs: Travel and subsistence Accountancy fees Legal and prof fees Bank charges NET SURPLUS/(DEFICIT) |
2022 £ £ 109,852 138,778 577 600 16 384 1,577 (140,355) (30,503) |
2022 £ £ 109,852 138,778 577 600 16 384 1,577 (140,355) (30,503) |
2021 £ £ 157,559 77,287 1,602 600 16 168 2,386 (79,673) 77,886 |
2021 £ £ 157,559 77,287 1,602 600 16 168 2,386 (79,673) 77,886 |
|---|---|---|---|---|
| 1,577 | 2,386 | |||
| (30,503) | 77,886 |
Page 7