REGISTERED CHARITY NUMBER: 1188663 REPORT OF THE TRusfEKS AND FINANCIAL STATEMEiYfs FOR THE YEAR ENDED 31 MARCH 2024 FOR ZULEKHA ZINGA WELFARE TRUST Prestons & Jackwns Parthership LLP 364- 368 Crgnbrook Road Ilford IG2 6HY
ZULEKHA ZINCA WELFARE TRUST C0Tr4TENfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 P£t Report ofthe Trntee4 I to 3 ILdeptideDt Examln¢r'i Report Statemeot of Finneial Actfvltlel Blllet Sh¢¢¢ Notu to ¢h¢ FlnJnell Ststemetsts 7 10 11 Drf•lled SttemeDt of Fln•nchl Aetlvhle* 12
ZULEKHA ZINGA WELFARE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees pr¢senl their r¢port with the finala1 Matements of the charity for the year ended 31 Mar¢h 2024. The trustees have adopted the provisions of Accounling and Reporting by Charities: Statement of Recommended Practi¢e applicabl¢ to charities preparing their accounts in accordance with thc Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OWECTIVES AND AcrivrriES Objeetlv¢B *Rd The obj¢cts of the CIO aTC: l. The prevention or relief ofpoverty or financial hardship anywhere in the world by providing or 51sting in th¢ PTovision of education. traini healthcare projects and ail the necessary support designed to enable individuals to generate a sustainable income and be self-sufficienl. IL. The relief ond assistAn¢e ofpeople in any part of ihe world who are the victims of or natural disaster. trouble. or catsstrophe in particular by the supply of medical aid to such persons. 111. The prevention or relief of poverty in j8mn8gar iThlia by providing: ants, items and services to individuals in need andlor charilies. or other organisations workin8 lo prevent or relieve poverty. IV. The prevention or relief of wety or financial hardship anywthere in ihe world by building and mainiaining buildings for providing or assisting in the provision of ¢dutIon, training. health or g¢nernl living acc(KnmodAtion. Publ1¢ bettefjt The Irusiees confirm that they have complied wilh ihe duty in Stttion 4 of the Charities Act 2011 to hav¢ due regard to public benefit guidance published by the Commission in detemiining the activities undertaken by th¢ Charity Page I
ZULEKHA ZINGA WELFARE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEME AI¥D PERFORMANCE Cboritable activities The Education C¢ntrc/Madrassah which commenced building in 2022 is now complete and Providing much ne¢d¢d education Cla to children in the Salaya wnmunity. The centre also acts &s a village community centre for residents of the village to diy$S S1&1, fm8nci81 and environmentsl issues that affKt them directly. The village medical Centre is also now ¢omplete and operational providTng basic medical care primarily focussing on prevention of rye di5c5 and carehrethent foT women who are ¢xp¢¢l8nt but do not h&ve the finaD¢ial means to pay for it. 16 residential units have been built to date and cUPIed by families most in need, t.e. were previously eiiher homeless or living in shanti huts made of straw and W0j. Th¢ hones consist of a kitchen. livin8 area and bedroom(s) with running water and eleclricity connected io the main grid. We have also distrib¢d approximately 300 food parcels and bosi¢ nxes3ilie5. blanke clothin& etc during the month of Ramadart. (he parcel per family was handed out to the most needy villa8ers re8ardless of colour. creed. ethnicity or Teligious affiliation. Our focus for the future is to further develop the land and build addiiional housing units for the most needy families along with a bespoke community hall which can be rented for special ¢aS1on$ like weddings, engagements. educational award ¢eTernonie& elc. This in turn will create rentsl income for the villagers in order to contribute towards mainienAnce of ¢ommunal OTegs like roads, street ligh11 etc io takn a further step towards the cornpound b¢comin8 self sufficieni. FINANCIAL REVIEW Flninclll poshlon During the year. total incoming rewurces were £57.938 (2023: £38.061) and iotal outgoing resow¢¢s w¢rc £65,934 (2023: £17,560). which led to a deficii of £7.996 (2023: QO.501- surplus) in the year. As at 3131 March 2024, lotsl fund8 carried forward were £13.947 (2023: £21,943), all of which were unrestricted. Goln% eoncern We ¢onfirni the Trust secured suffitient inconk to operate for the next Iwelve months. As a result of this, the accounls have been prepared on A goin8 wncern basi STRucfuR& GOVERNANCE AND MANAGEMEI¥T CoverDlp% document The charity is controlled by its governing dUMen a deed oftrust and ¢onstitute5 CIO charity. as defmed by the Companiu Act 2006. Zulekh8 Zinga Welfare Trnst is constituted as * ¢harit•ble in¢orpTat¢d or8anisation regi5trred with the charity commission in March 2020 under charity number 1188663. Rffrnllment and appointment of lleiv trustees In the process of Completing # skills assessment of current tn]stee4 once completed lh¢ intention i$ lo recruit more trustees based on development and skills neeib of the board Page 2
ZULEKHA ZINGA WELFARE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRucfuR4 GOVERNANCE AND MANAGEMEI¥T OrgAniu¢iou*l 5tructll The charity trustees are responsibl¢ for the genera] control and of the charity. The trusttts 8tve th¢ir time freely and re1ve no remuneration or otFKr financiaI benefits. Risk maD•8emetht The inee5 ha assessed the risks the ¢harity faces and have drnwn up a risk 4syes$ment which idenlifies the major risks by area of a¢tivity, the nature of those risks, the likelihood of the risks happenin& and the measures tsken to manage them. The trusi¢es review this risk 0$5essment regularly at their meetings. The trustees are satisfied that systwms are in Ple. or arrangements ar¢ in hand, to manage the risks that have been identified. REFERENCE AND ADMINISTRATIVE DETAIiS Registered Cbirhty •wnber 1188663 Prkncipal addrus 18 LOO[Pe Crescenl Preston Lancashire PRI 6YE Trnsteej Yunus Zinga (Chair) Idrish Bhaloda Ridwan Mohammed Suleman Ind¢pendeDt Ex•mlDer AnweT Patel BA (Hons). BFP, FCA Ptestons & Ja¢ksons Partnership LLP 364 - 368 Cranbrook Road Ilford 102 6HY 27101r2025 Approved by order of the IMrd of trustees on ...... ................ . .. . and s1cd on its behalf by: YUNUS ZINGA Tntee Page 3
INDEPENDENT EXAmER's REPORT TO THE TRusfEES OF ZULEKHA ZINGA WELFARE TRLTST IndependeDt examiner's r¢port to the trnstees ofzultkha Ziny Welfare Trust I report lo the charity eS on my exaMItion of the OUnts of Zulekha Zinga Welfare Trust (the Trus1) for the year ended 31 March 2024. Re8pllslbllltles and basts of report As the charity trustee5 of ihe Trust you aTe T¢sponsible foT the preparalion of the a¢counts in aCrdanCe with the requirements of th¢ Charitics Act 2011 A¢f). I report in Tespect of my examination of the Trusvs Unts carri¢d out under Section 145 of the Act gmd in Carrying out my examination I have followed all applicablc Directions given by the Charity Commis5i0n under Section 145{5Mb) of the Act. Independent ezaminer'i st#temeDt I have complet¢d my ¢xamination. I confimi that no mareTiai matters have come to my attention in Connection with the ¢xaminalion giving me ¢4LLSe to believe that in any material respect: &¢¢ounting records were kept in respe¢t of the Trust as required by Section 130 of the Act: or th¢ accounts do not accord with thos¢ record5: or the Coun1$ do not comply with the applicable requir¢nwits concerning the fom and content of Accounts set out in the Charities (A¢¢owits and Reports) Regulations 2008 other ihan Any requirement the accounts 8ive a true and fair view which is not a matter considered as part of an independent ex8mination. I have concerns have come across no other matters in connection with tk examination to which ttention should be drnwn in ihis Teport in order to enable a proper understanding of the a¢counts to be ached. *IF Anw¢r Pat¢1 BA (Hons), BFP. FCA Prestrjns & Jttcksons Partnership LLP 364- 368 Crattbrk Road Ilford Bssex IG2 6HY Dale= 201 Page 4
ZULEKllA ZINGA WELFARE TRUST STATEMENT OF FINANCIAL ACTIVMES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total funds Unrestri¢ted Restricied fund fimd Notes INCOMX AND ENDOWMENTS FROM DonatiODS and legacies 27.961 29.977 57,938 38.061 EXPENDITURE ON Ch*ritable aetlvltk4 Charitable Projects 27030 3&104 65.934 17,560 ET INCOMEJ(EXPENDITURE) (&127) {7,996) 20.501 RECONCILIATIOY4 OF FUNDS Total funds brought forward 13.816 8,127 21.943 1,442 TOTAL FUNDS CARRIED FORWARD 13,917 13,947 21.943 The notes forn] part of these fllkancial statements Page 5
ZULEKHA ZINGA WELFARE TRUST BALANCE SHEET 31 MARCH 2024 31J24 31.3.23 CURRENT ASSETS Cash at bank 13947 21.943 NET CURRENT ASSETS 13947 21,943 TOTAL ASSETS IXSS CURRENr LIABILTfIES 13947 21.943 NET ASSETS 13?47 21,943 FUNDS Unrestricted funds Restricted funds 13947 13.816 8.127 TOTAL FUNDS lJJ47 21,943 The financial staiemenls were approved by the Board of TTU5te¢5 and authorised for i58ue on ..211llLQQ25............ . and were signed on ils h)If by: YUNUS ZINGA Tntstee ° . mi SurlS The notes forni part of these financial statements Pag¢ 6
ZULEKHA ZIY4GA WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES of preparitt% the flnallcial Jtatemtnts The financial sthtem¢nts of the chatiry. which is a public benefit eniity UTMkr FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'A¢¢ounting and Reporting by Charitie5.' Statement of Recommended Practice applicable lo charities preparing the&r accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting StsndaTd 102 The Financial Reporting Standard appli¢8ble in the UK and Republic of Ireland, 2nd the Charities A¢1 2011. The financTal slatements have ixen prepared undeT the historical cost convention. Ikntome All income ij re¢ogni5ed in the Staternenl of Financial A¢tivilies once the chlty has entitlement to the funds. it is probable that Ihe in¢om¢ will be received and the amount can be Meured reliably. Expendltsre Liabilities ar¢ reCOlS¢d Ls expenditure &8 scon a5 th¢Te is a legal OT conStrtIVe obligation committing the charity lo that Cxpendiiure. it is probable that a transfer of ecL)nomic benefits will be T¢quired in settlement and the amouni of the obligation can be mwured reliably. ExFendilure is accounted for on an a¢¢nlS basis and has been classified under headings that aggr¢gale all Cost related io the category. Where costs cannot be diredly aitributed io particular headings they have been allo¢aled lo activities on a basis Consient with the use of TesourtLs. TutloD Th¢ charily is exempt from lax on its charitable activiti¢$. Fund teouDting Unr¢stri¢led fund$ can be used in &cord8nK with th¢ chaTiiable objectives the discretion of the ITUStees. Restricted fund8 can only be wed for particular re5tricled purpose5 within th¢ obje¢ls of the Charity. Resiri¢lions arise when specified by the donor or wh¢n funds are rnised for particular restricted Fwther explanation of the nanwe and purpose of each is Iluded in the notes to the financial ststements. Page 7 continued...
ZULEKHA ZtNGA WELFARE TRUST NOTES TO THE FINANCIAL STATEMENfs - continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES 31.324 31.3.23 7akaat Generni t>)nations Sadaqa 1&227 27.961 11,750 25.455 12.606 57.938 38,061 CHARABlE AcfiviTIES COSTS Supp)rt sts (see note 4) Direct Costs Totsls Charitable Projects 65,650 65,934 SUPPORT cosrs Finance Charitable Projects TRusfEES' REMUNERATION AIYD BENEFITS Th¢re were no trustees, remuneration or other beneffts for the yeor ended 31 March 2024 nor for the year ended 31 March 2023. Trust¢¢J' ¢iP¢Dses There were no Irustees, expernses pAid for the yew ¢nded 31 MaTch 2024 nor for the year ended 31 Mar¢h 2023. COMPARATIVIS FOR THE STATEMENT OF FINANCIAL ACTivrriES 31ST MARCH 2023 Unrestri¢ted Restricfrd fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legaci&s 12.606 25.455 38.061 EXPENDITURE ON Cb*rltsble 4¢tM¢les Charitable Projects 17.560 17,560 NET INCOME 11606 7,895 20.501 Page 8 continued...
ZULEKHA ZINGA WELFARE TRUST NOTES TO THE FINANCIAL STATEMENfs- continued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE ATEMENT OF FINANCIAL ACTIVITILS 31ST MARCH 2023- colltlnued Unrestricted Restricted fund fund Total funds RECONCILIATION OF FUNDS Total funds brought forward 1210 232 1,442 TOTAL FUNDS CARRIED FORWARD 13.816 8.127 21.943 KEY MAI¥AGEMENT PERSONNEL Key Management Personnel comprises of Bo9rd of Trustees. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.24 Totsl funds 31.3.23 Total funds Unrestricted Reslricted fund Current assets 13.947 13,947 21.943 MOvEmEr IN FUNDS Net movement in funds At 3113Q4 At 114123 Unrd¢ricted fundj General fund 131 lJ,947 Rutrleted R¢stri¢l¢d Funds &127 (&127) TOTAL F(If4DS 21,943 (7,996) 13,947 Page 9 continued...
ZULEKHA ZINGA WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- eOR¢inMed Net movement in fill5. included in the above are as follow5". In¢oming Resources Movement resources expended in funds UDres¢ri¢ted funda Genera] fimd 27961 (27030) UJ Rutrl¢t¢d f•nd• Restrict¢d Funds 29.977 (38,104) (&127) TOTAL FUNDS 57.938 (65,934) (7,996) Comp*rAtiveJ for movwn¢tt¢ In fullds Net movement in funds Al 3113123 At 114122 Unrestricted fullth General fuThl 1,210 12.606 13,816 Restrl¢ted funds Restricted Funds 232 7.895 8,127 TOTAL FUNDS 1,442 20.501 21,943 Comparative net movement in fi5, included in the Above are as follows: ]ncoming Resour¢e$ Movernenl resources expended in funds UDreJtri¢t¢d fwids 12,606 12,606 Rejtricted funds Restrided Funds 25,455 (17560) 7,895 TOTAL FUNDS 38.061 {17.560) 20.501 All restricted funds hav¢ b¢en fully utilised in the year. Page 10 continucd...
ZULEKHA ZINGA WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS. ¢on¢itiued FOR THE YEAR EM)ED 31 MARCH 2024 10. RELATED PARTY DISCIsUREs Th¢re were no related party transactions for the year ended 31 March 2024. Pagell
ZULEKHA ZtNGA WELFARE TRUST DETA]LED STATEMENT OF FINANCIAL ACTIvrriES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 nycoME AND ENDOWMENTS Don8tlolls alld leg¢les 18227 27,961 11,750 25.455 General Donations Sadaqa 12.606 57,938 38.061 Toe#l theomlmg rere¢S 57938 38.061 Charltsble actfvltlei InatiOns-1ndld 65,650 17,560 Support eoits Flnn¢e Bank charges Total resources expended 65,934 17.5 Y4¢t (expendltureyltteome (7,996) 20,501 This pag¢ does not fonn part of the ststutory financial statements Page 12