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2024-08-31-accounts

Charity registration number 1185223 (England and Wales) Company registration number CE018770

UMM KAMRAN MEMORIAL WELFARE ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

UMM KAMRAN MEMORIAL WELFARE ASSOCIATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr A B Siddiqui Mr S M K Ali Mr M W Ali Charity number 1185223 Company number CE018770 Registered office 27 Wealdstone Place Springfield Milton Keynes United Kingdom MK6 3JF Independent examiner Reddy Siddiqui LLP 183-189 The Vale Acton London United Kingdom W3 7RW

UMM KAMRAN MEMORIAL WELFARE ASSOCIATION

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 10

UMM KAMRAN MEMORIAL WELFARE ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2024

The trustees present their annual report and financial statements for the year ended 31 August 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the CIO's constitution, the Companies Act 2006 and "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)".

Objectives and activities

The CIO's objects are:

To promote the benefit of people living in Pakistan by:

The policies adopted in furtherance of these objects and there has been no change in these during the year.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the CIO should undertake.

Achievements and performance

This is our fifth year as a registered charity. Since our founding in 2005, our mission has remained consistent: to support the poor and needy in Pakistan.

Below is a summary of our main activities and areas of support this year:

Financial review

UMM KAMRAN MEMORIAL WELFARE ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

It is the policy of the CIO that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the CIO’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the CIO is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

Looking ahead, the CIO aims to:

Structure, governance and management

Umm Kamran Memorial Welfare Association is constituted as a Charitable Incorporated Organisation registered with the Charity Commission on 9 September 2019 under charity number 1185223. It is governed by its constitution. The trustees are responsible for the overall governance and strategic direction of the charity. Trustees are appointed in accordance with the constitution and meet regularly to review the charity’s activities and performance.

The Trustees who served during the year and up to the date of signature of the financial statements were: Mr A B Siddiqui Mr S M K Ali Mr M W Ali

None of the Trustees have any beneficial interest in the CIO.

The Trustees' report was approved by the Board of Trustees.

Mr S M K Ali Trustee Dated: 19 June 2025

Mr M W Ali Trustee Dated:19 June 2025

UMM KAMRAN MEMORIAL WELFARE ASSOCIATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF UMM KAMRAN MEMORIAL WELFARE ASSOCIATION

I report to the trustees on my examination of the financial statements of Umm Kamran Memorial Welfare Association (the CIO) for the year ended 31 August 2024.

Responsibilities and basis of report

As the trustees of the CIO (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the CIO are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the CIO’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

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 that in any material respect:

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 financial statements to be reached.

Reddy Siddiqui LLP

183-189 The Vale Acton London W3 7RW United Kingdom 19 June 2025

UMM KAMRAN MEMORIAL WELFARE ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2024

Unrestricted Unrestricted
funds funds
2024 2023
Notes £ £
Income and endowments from:
Donations and legacies 3 75,826 89,036
Charitable activities 4 806 2,042
Other income 5 8,749 1,719
Total income 85,381 92,797
Expenditure on:
Charitable activities 6 62,102 97,575
Other expenditure 10 565 601
Total expenditure 62,667 98,176
Net income/(expenditure) and movement in funds 22,714 (5,379)
Reconciliation of funds:
Fund balances at 1 September 2023 21,373 26,752
Fund balances at 31 August 2024 44,087 21,373

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

UMM KAMRAN MEMORIAL WELFARE ASSOCIATION

BALANCE SHEET

AS AT 31 AUGUST 2024

Notes
Current assets
Cash at bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets
The funds of the CIO
Unrestricted funds
13		 2024
£
44,447
(360)		 £
44,087
44,087
44,087		 2023
£
21,613
(240)		 £
21,373
21,373
21,373

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2024.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 19 June 2025

Mr M W Ali Trustee

Company registration number CE018770 (England and Wales)

UMM KAMRAN MEMORIAL WELFARE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

Charity information

Umm Kamran Memorial Welfare Association is a private company limited by guarantee incorporated in England and Wales. The registered office is 27 Wealdstone Place, Springfield, Milton Keynes, MK6 3JF, United Kingdom.

1.1 Accounting convention

The financial statements have been prepared in accordance with the CIO's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The CIO is a Public Benefit Entity as defined by FRS 102.

The CIO has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the CIO. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the CIO.

1.4 Income

Income is recognised when the CIO is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the CIO has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the CIO has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

UMM KAMRAN MEMORIAL WELFARE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Liabilities are recognised when resources are expended. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the CIO’s contractual obligations expire or are discharged or cancelled.

1.7 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the CIO is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

UMM KAMRAN MEMORIAL WELFARE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

2 Critical accounting estimates and judgements

In the application of the CIO’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Donations and gifts 75,826 89,036

4 Income from charitable activities

Unrestricted
Unrestricted
funds funds
2024 2023
£ £
Charitable other income 806 2,042
Analysis by fund
Unrestricted funds 806 2,042

5 Other income

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Other income 8,749 1,719

UMM KAMRAN MEMORIAL WELFARE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

6 Expenditure on charitable activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Direct costs
Charitable expenditure - Overseas 61,882 96,955
Charitable expenditure - UK 100 500
61,982 97,455
Share of support and governance costs (see note 7)
Governance 120 120
62,102 97,575
Analysis by fund
Unrestricted funds 62,102 97,575
7 Support costs allocated to activities
2024 2023
£ £
Governance costs 120 120
Analysed between:
Unrestricted funds 120 120

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the CIO during the year.

9 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

UMM KAMRAN MEMORIAL WELFARE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

10 Other expenditure

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Financing costs 565 601

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2024 2023
£ £
Accruals and deferred income 360 240

13 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 Incoming Resources At 31 August
September resources expended 2024
2023
£ £ £ £
General funds 21,373 85,381 (62,667) 44,087
Previous year: At 1 Incoming Resources At 31 August
September resources expended 2023
2022
£ £ £ £
General funds 26,752 92,797 (98,176) 21,373

14 Related party transactions

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Mr A. B. Siddiqui is one of the trustees of the charity and a partner of Reddy Siddiqui LLP, a firm which was engaged as an independent examiner for the accounts. However, the partner who undertook the task did not have any connection with the charity. Reddy Siddiqui LLP was paid a nominal fee of £100+vat for their services.