CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examlner's Report Report to the trusteesl members of (AJ£LkS WH66AS Aiffjli6D On accounts for the year ended 30-1.. %oX3 Charlty no {if any) 11&1212 Set out on pages I report to the trustees on my examination of the accounts of the above charity I'lhe Trust") for the year er)ded Responslblllties and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the Tequiremenls of the Charities Acl 20111.the Act"). I report in respect of my examination of the Trusl's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by Ihe Charity Commission under section 14515)Ibl of the Act. I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ') in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance wilh section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's Statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts lo be reached. Please delete the words in the brackets if they do not apply. 10-{- lo3 Signed: IL2 &)MPrfY Date: Name.. AihDu£A Relevant professional qualification{s) or body Ilf any).. Address: &ll trtrougE RA9)6ft£ AAthxg6 IER October 2018
Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brlef details of any items that the examiner wishes to disclose. IER October 2018
COMPANY REGISTRATION NUMBER: 12052781
CHARITY REGISTRATION NUMBER: 1187217
WELLS ON WHEELS LIMITED Company Limited by Guarantee Unaudited Financial Statements
30 June 2023
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 2023
| 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 2023
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 2023.
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.
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WELLS ON WHEELS LIMITED
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 June 2023
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 27 March 2024 and signed on behalf of the board of trustees by:
Mr Shehzad MEMON Trustee
Mr Hareekrishna PATEL Trustee
Mr Siu PHUNG Trustee
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WELLS ON WHEELS LIMITED
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 30 June 2023
| 2023 | 2023 | 2022 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | – | 66,059 | 68,276 |
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| Total income | – | 66,059 | 68,276 | |
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|
||
| Expenditure | ||||
| Expenditure on charitable activities | 6,7 | – | 31,638 | 53,541 |
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| Total expenditure | – | 31,638 | 53,541 | |
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||
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| Net income and net movement in funds | – | 34,421 | 14,735 | |
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| Reconciliation of funds | ||||
| Total funds brought forward | 44,322 | 44,322 | 29,587 | |
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| Total funds carried forward | 44,322 | 44,322 | 29,587 | |
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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.
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WELLS ON WHEELS LIMITED
Company Limited by Guarantee
Statement of Financial Position
30 June 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Current assets | ||||
| Cash at bank and in hand | 79,243 | 44,822 | ||
| Creditors: amounts falling due within one year | 9 | 500 | 500 | |
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|
|||
| Net current assets | 78,743 | 44,322 | ||
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|||
| Total assets less current liabilities | 78,743 | 44,322 | ||
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| Net assets | 78,743 | 44,322 | ||
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|||
| Funds of the charity | ||||
| Unrestricted funds | 44,322 | 29,587 | ||
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| Total charity funds | 10 | 44,322 | 29,587 | |
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|
For the year ending 30 June 2023 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;
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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 27 March 2024, 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.
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WELLS ON WHEELS LIMITED
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 June 2023
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.
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WELLS ON WHEELS LIMITED
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2023
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:
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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.
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legacy income is recognised when receipt is probable and entitlement is established.
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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.
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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:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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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.
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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.
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WELLS ON WHEELS LIMITED
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2023
| 5. | Donations and legacies | |||
|---|---|---|---|---|
| Total Funds | Total Funds | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Donations | ||||
| Donations from well - wishers | 66,059 | 68,276 | ||
| 6. | Expenditure on charitable activities by fund type | |||
| Total Funds | Total Funds | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Support costs | 31,638 | 53,541 | ||
| 7. | Expenditure on charitable activities by activity type | |||
| Total funds | Total fund | |||
| Support costs | 2023 | 2022 | ||
| £ | £ | £ | ||
| Activity type 4 | 31,014 | 31,014 | 52,940 | |
| Activity type 7 | 624 | 624 | 601 | |
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| 31,638 | 31,638 | 53,541 | ||
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| 8. | Trustee remuneration and expenses | |||
| The trustees have not received any remuneration for their work. |
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| 9. | Creditors: amounts falling due within one year | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Accruals and deferred income | 500 | 500 | ||
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| 10. | Analysis of charitable funds | |||
| Unrestricted funds | ||||
| At | ||||
| 1 July 2022 | ||||
| and | ||||
| 30 June 2023 | ||||
| £ | ||||
| General funds | 44,322 | |||
|
||||
| At 1 July 2021 | ||||
| and | ||||
| 30 June 2022 | ||||
| £ | ||||
| General funds | 29,587 | |||
|
- 7 -
WELLS ON WHEELS LIMITED
Company Limited by Guarantee
Management Information Year ended 30 June 2023
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 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations from well - wishers | 66,059 | 68,276 |
|
|
|
|
|
|
| Total income | 66,059 | 68,276 |
|
|
|
| Expenditure | ||
| Expenditure on charitable activities | ||
| Legal and professional fees | 624 | 601 |
| Other office costs | 31,014 | 52,940 |
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| 31,638 | 53,541 | |
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| Total expenditure | 31,638 | 53,541 |
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|
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| Net income | 34,421 | 14,735 |
|
|
- 9 -
WELLS ON WHEELS LIMITED
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 30 June 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Activity type 4 | ||
| Support costs | ||
| Charity activities | 31,014 | 52,940 |
|
|
|
| Activity type 7 | ||
| Support costs | ||
| Accountancy fees | 624 | 601 |
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|
|
|
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| Expenditure on charitable activities | 31,638 | 53,541 |
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|
- 10 -
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examlner's Report Report to the trusteesl members of (AJ£LkS WH66AS Aiffjli6D On accounts for the year ended 30-1.. %oX3 Charlty no {if any) 11&1212 Set out on pages I report to the trustees on my examination of the accounts of the above charity I'lhe Trust") for the year er)ded Responslblllties and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the Tequiremenls of the Charities Acl 20111.the Act"). I report in respect of my examination of the Trusl's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by Ihe Charity Commission under section 14515)Ibl of the Act. I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ') in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance wilh section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's Statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts lo be reached. Please delete the words in the brackets if they do not apply. 10-{- lo3 Signed: IL2 &)MPrfY Date: Name.. AihDu£A Relevant professional qualification{s) or body Ilf any).. Address: &ll trtrougE RA9)6ft£ AAthxg6 IER October 2018
Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brlef details of any items that the examiner wishes to disclose. IER October 2018