**COMPANY REGISTRATION NUMBER: 12052781** ## **CHARITY REGISTRATION NUMBER: 1187217** ## **WELLS ON WHEELS LIMITED Company Limited by Guarantee Unaudited Financial Statements** ## **30 June 2021** ## **JR & COMPANY (GB) LTD** Chartered Certified Accountants 236 Imperial Drive Rayners Lane Harrow Middlesex United Kingdom HA2 7HJ ## **WELLS ON WHEELS LIMITED** ## **Company Limited by Guarantee** ## **Financial Statements** ## **Year ended 30 June 2021** ||**Page**| |---|---| |Trustees' annual report (incorporating the director's report)|**1**| |Statement of financial activities (including income and|| |expenditure account)|**3**| |Statement of financial position|**4**| |Notes to the financial statements|**5**| |**The following pages do not form part of the financial statements**|| |Detailed statement of financial activities|**9**| |Notes to the detailed statement of financial activities|**10**| ## **WELLS ON WHEELS LIMITED** ## **Company Limited by Guarantee** ## **Trustees' Annual Report (Incorporating the Director's Report)** ## **Year ended 30 June 2021** The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2021. ## **Reference and administrative details** **Registered charity name** WELLS ON WHEELS LIMITED **Charity registration number** 1187217 **Company registration number** 12052781 **Principal office** **Registered office** Jr House 236 Imperial Drive Rayners Lane Harrow United Kingdom HA2 7HJ ## **The trustees** Mr Shehzad MEMON Mr Hareekrishna PATEL Mr Siu PHUNG **Accountants** JR & Company (GB) LTD Chartered Certified Accountants 236 Imperial Drive Rayners Lane Harrow Middlesex United Kingdom HA2 7HJ ## **Structure, governance and management** Wells on Wheels Limited is a company limited by guarantee governed by its memorandum and articles of association. It is registered as charity with the charity commission. The board of trustees administers the charity. The board meets quarterly and discusses matters relating to development, membership and finance. ## **Objectives and activities** The objectives of the company currently is to provide water wheels to the poor village population of rural India. **- 1 -** ## **WELLS ON WHEELS LIMITED** ## **Company Limited by Guarantee** **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ ## **Year ended 30 June 2021** ## **Achievements and performance** The Company has successfully provided thousands of water wheels to the village people of india. They have also been able to solicit caritable funds from donees to undertake this project. ## **Financial review** Funds have been receiveed by voluntary contributions and donations which are expected to continue and are sufficient to meet the current level of commitments. ## **Plans for future periods** The charity's plans for the future are to continue these activities and to expand them. ## **Small company provisions** This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees' annual report was approved on 25 March 2022 and signed on behalf of the board of trustees by: Mr Shehzad MEMON Trustee Mr Hareekrishna PATEL Trustee Mr Siu PHUNG Trustee **- 2 -** ## **WELLS ON WHEELS LIMITED** ## **Company Limited by Guarantee** ## **Statement of Financial Activities (including income and expenditure account)** ## **Year ended 30 June 2021** |||**2021**|**2021**|2020| |---|---|---|---|---| |||Unrestricted||| |||funds|**Total funds**|Total funds| ||**Note**|**£**|**£**|£| |**Income and endowments**||||| |Donations and legacies|**5**|–|**26,809**|31,282| |||``|``|``| |**Total income**||–|**26,809**|31,282| |||``|``|``| |**Expenditure**||||| |Expenditure on charitable activities|**6,7**|–|**8,727**|19,777| |||``|``|``| |**Total expenditure**||–|**8,727**|19,777| |||``|``|``| |||``|``|``| |**Net income and net movement in funds**||–|**18,082**|11,505| |||``|``|``| |**Reconciliation of funds**||||| |Total funds brought forward||11,505|**11,505**|–| |||``|``|``| |**Total funds carried forward**||11,505|**11,505**|–| |||``|``|``| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. **The notes on pages 5 to 7 form part of these financial statements.** **- 3 -** ## **WELLS ON WHEELS LIMITED** ## **Company Limited by Guarantee** ## **Statement of Financial Position** ## **30 June 2021** |||**2021**||2020| |---|---|---|---|---| ||**Note**|**£**|**£**|£| |**Current assets**||||| |Cash at bank and in hand||**30,087**||12,005| |**Creditors: amounts falling due within one year**|**9**|**500**||500| |||``||``| |**Net current assets**|||**29,587**|11,505| ||||``|``| |**Total assets less current liabilities**|||**29,587**|11,505| ||||``|``| |**Net assets**|||**29,587**|11,505| ||||``|``| |**Funds of the charity**||||| |Unrestricted funds|||**11,505**|–| ||||``|``| |**Total charity funds**|**10**||**11,505**|–| ||||``|``| For the year ending 30 June 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: - 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; - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. These financial statements were approved by the board of trustees and authorised for issue on 25 March 2022, and are signed on behalf of the board by: Mr Shehzad MEMON Trustee Mr Hareekrishna PATEL Trustee Mr Siu PHUNG Trustee **The notes on pages 5 to 7 form part of these financial statements.** **- 4 -** **WELLS ON WHEELS LIMITED** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** ## **Year ended 30 June 2021** ## **1. General information** The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Jr House, 236 Imperial Drive, Rayners Lane, Harrow, United Kingdom, HA2 7HJ. ## **2. Statement of compliance** These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. ## **3. Accounting policies** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. **- 5 -** ## **WELLS ON WHEELS LIMITED** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 30 June 2021** ## **3. Accounting policies** _**(continued)**_ ## **Incoming resources** All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. ## **Resources expended** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. ## **4. Limited by guarantee** The liability of the company is limited by guarantee and has got no share capital. The liability of each member in the event of winding up is limited to £10. **- 6 -** ## **WELLS ON WHEELS LIMITED** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 30 June 2021** |**5.**|**Donations and legacies**|||| |---|---|---|---|---| ||||**Total Funds**|Total Funds| ||||**2021**|2020| ||||**£**|£| ||**Donations**|||| ||Donations from well - wishers||**26,809**|31,282| |**6.**|**Expenditure on charitable activities by fund type**|||| ||||**Total Funds**|Total Funds| ||||**2021**|2020| ||||**£**|£| ||Support costs||**8,727**|19,777| |**7.**|**Expenditure on charitable activities by activity type**|||| ||||**Total funds**|Total fund| |||Support costs|**2021**|2020| |||£|**£**|£| ||Charitable activities|8,228|**8,228**|19,277| ||Accountancy|499|**499**|500| |||``|``|``| |||8,727|**8,727**|19,777| |||``|``|``| |**8.**|**Trustee remuneration and expenses**|||| ||The
trustees have not received any remuneration for their work.|||| |**9.**|**Creditors:** **amounts falling due within one year**|||| ||||**2021**|2020| ||||**£**|£| ||Accruals and deferred income||**500**|500| ||||``|``| |**10.**|**Analysis of charitable funds**|||| ||**Unrestricted funds**|||| |||||**At**| |||||**1 July 2020**| |||||**and**| |||||**30 June 2021**| |||||**£**| ||General funds|||**11,505**| |||||``| |||||At 1 July 2019| |||||and| |||||30 June 2020| |||||**£**| ||General funds|||**–**| |||||``| **- 7 -** ## **WELLS ON WHEELS LIMITED** ## **Company Limited by Guarantee** **Management Information Year ended 30 June 2021** **The following pages do not form part of the financial statements.** **- 8 -** ## **WELLS ON WHEELS LIMITED** ## **Company Limited by Guarantee** ## **Detailed Statement of Financial Activities** ## **Year ended 30 June 2021** ||**2021**|2020| |---|---|---| ||**£**|£| |**Income and endowments**||| |**Donations and legacies**||| |Donations from well - wishers|**26,809**|31,282| ||``|``| ||``|``| |**Total income**|**26,809**|31,282| ||``|``| |**Expenditure**||| |**Expenditure on charitable activities**||| |Legal and professional fees|**499**|500| |Charitable activities|**8,228**|19,277| ||``|``| ||**8,727**|19,777| ||``|``| ||``|``| |**Total expenditure**|**8,727**|19,777| ||``|``| ||``|``| |**Net income**|**18,082**|11,505| ||``|``| **- 9 -** ## **WELLS ON WHEELS LIMITED** ## **Company Limited by Guarantee** ## **Notes to the Detailed Statement of Financial Activities** ## **Year ended 30 June 2021** ||**2021**|2020| |---|---|---| ||**£**|£| |**Expenditure on charitable activities**||| |**Activity type 4**||| |**_Support costs_**||| |Charity activities|**8,228**|19,277| ||``|``| |**Activity type 7**||| |**_Support costs_**||| |Accountancy fees|**499**|500| ||``|``| ||``|``| |**Expenditure on charitable activities**|**8,727**|19,777| ||``|``| **- 10 -** (HARITY (OMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of on On accounts for the year ended 20-&- %021 Charity no (if any) 1/fr/21 S•t out on pages I report to the trustees on my examination of the accounts of the above charty (Ihe Trust.) for the year ended Responsibllltles and basis of report As the charty's trustees, you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 (Ihe Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515){b) of the Act. Independent rrhe charity's gross income exceeded £250.000 and l am qualified to examiner's statement undertake the examination by being a qualified member of linsert name of applicable listed body]l Delete I l rf not applicable. I have completed my examination. I confirm that no malerial matters have ome to my attention in connection with the examination (other than that disclosed below ") which gives me cause to believe that in, any material respect". the accounting records were not kept in accordance with section 130 of the Charities Act.. or the accounts did not accord with the accounting records,. or the accounls did not comply wilh the applicable requirements conceming the fomi and content of accounts Sel out in the Charities (Accounts and Reports) Regulations 2008 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. I have no conr£ms and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Please delete the words in th8 brackets if they do not apply. L£ (CftifA Date: Signed: l_JolL Name: Relevant professional qualiftcation(sl or body f) Cc4 0&0¥30 IER Oct 2018 dHS trk3 UOPVOI 'aJPkI1114?Jn￿ L.'è)wo paJmsi6è>J LgIQWI 'ON puw6u3 ui paJè)*6ay ')Id 4Lte8 $fi￿?)e6 lif any): Address: alL F/J Section B Disclosure Only Gompieie Il Ihe examiner neeos 10 nigniigni material mallers of concem (see CC32, Independent examination of charity accounts.. directions and guidan￿ for examiners). Give here brlef details of any items that the examiner wishes to disclose. IER Oct 2018