INTERNATIONAL SOCIAL HEALTH AND WELFARE Registered Charity No. 1189357 Financial Statement for the Year Ended 31 March 2021
INTERNATIONAL SOCIAL HEALTH AND WELFARE LEGAL INFORMATION Name of Charity: International Social Health and Welfare Charlty Reglstration No. 1189357 Registered Address: Airport House, Purley Way Croydon CRO OXZ Telephone: Email: 0333 335 6333 asin euro e.com Board of Trustees: Mr Yasin Kalaz zaman Mr Harun Abdul Aziz Independent Examiner: Mohammed Muhit Uddin M Com, ACA, FCCA Muhit & Co. Chartered Certified Accountants 80A Ashfield Street Unit4 London El 2BJ Bankers: Page I
INTERNATIONAL SOCIAL HEALTH AND WELFARE REPORT OF THE TRUSTEES History, Objectives and Activities of International Social Health and Welfare The Trustees of the International Social Health and Welfare submit their report and financial statements for the year ended 31 March 2021. International Social Health and Welfare was set up on the 5 Day of May 2020. International Social Health and Welfare was incorporated as a charity and its name was entered in the Charity Commission's Central Register on the 5 May 2020. The Objettives of International Social Health and Welfare are: The Charitys objects are for the benefit of the promotion of the efficiency and effectiveness of the charitable sector through the provision of project management duties to charities to aid them with furthering their charitable purpose. Structure, Governance and Management The charity is constituted by a Constitution of a Charitable Incorporated Organisation ICIOI with voting members are its Charity Trustee. It is governed by the regulation set out in the Constitution and run by a voluntary Executive Committee. The chariws committee members are elected at the Annual General Meeting every two years. The Executive Committee members are normally briefed by the Chairman and the General Secretary to familiarise themselves with the rules, regulations and responsibilities of the charity. The ManaEement Committee met six times during the year to review the activities of the charity including the approval of the annual report and accounts as well as budgets, capital expenditure and to set out the fund-raising date for the charity. The day-to-day work of the charity is overseen by the Chairman who is responsible to and reports to the Management Committee. The Executive Committee is aware of the potential risks to the charity, both financial and otherwise. Therefore, strategies are in place to control these risks. Assessments have also been taken relating to fire and health and safety. The Executive Committee are seriously considering other risk areas such as operational, governance and compliance with law and regulations. A 501icitor, who specialises in Charities, law has been consulted about necessary policies. He advised about it. Policies on Conflict of Interest and Conflirt of Loyalty were discussed in trustees, meeting and special care is being taken to observe these rules. Financial Review The financial position of the Charity is portrayed in the accompanying Annual Accounts. Statement of Trustees, Responsibilities- Law applicable to charities in England & Wales requires the Trustees to prepare a financial statement for each financial year, which gives a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to: lal Select suitable accounting policies and apply consistently Ibl Make judEements and estimates that are reasonable and prudent,. Icl State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements,. Idl Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping accounting records, which discloses with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the charity act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 2
Reserve Pollcy It is the policy of the charity that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to at least 12 months, expenditure. The Executive Committee 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 charity's current activities while consideration is given to ways in which additional funds may be raised. International Social Health and Welfare will actively work to achieve this level of reserves. Risk Factors The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. Independent Examiner As per the provisions of the Charities Act 2011, the Trustees agree that an audit is not required for this financial year. however, due to the provisions of the same act an Independent Examiner is required. The Executive Committee agreed to re-appoint Mohammed Muhit Uddin M Com, ACA, FCCAof Muhit & Co, to carry out the Independent Examination of the accounts in 2022. Accounts approved on the behalf of the Executive Committee. Yasin K Zaman Chair and Trustee Dated: 11/1012024 Page 3
INTERNATIONAL SOCIAL HEATH AND WELFARE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 THERE WAS NO FINANCIAL ACTIVITIES TAKEN PLACE YEfTO REPORT. INCOME Restrictèd Unrestricted Fund Fund 2021 Note Grants & Donations Received Profitl Benefit AR Bank TOTAL: LESS: EXPENDITURE Note Restricted Unrestricted Fund Fund 2021 Oirect Charitable Expenses NET SURPLUSIDEFICITI FOR THE YEAR Page 4
INTERNATIONAL SOCIAL HEATH AND WELFARE BALANCE SHEET AS AT 31 MARCH 2021 Note 2021 Fixed Assets Current Assets Cash at Bank.. Bank Cash in Hand Less: Current Liabilities Creditors & Accruals Net Current Assets Net Assets / {Liabilitiesl Financed By: Surplus / (Deficit) fund in 2022 Surplus fund from 2021 Accumulated Fund Carried Fonvard Yasin Kalaz Zaman Acting chair and Trustee Page 5
INTERNATIONAL SOCIAL HEATH AND WELFARE NOTES TO THE ACCOUNT5 FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES Basis of Accounting: The financial statements have been prepared under the historical cost convention in accordance with applicable accounting standards. Donations: This represents donation received from the following individuals and organisation as a nature of unrestricted fund. Donations are taken to Income and Expenditure account on a receipt basis. There were no donations received during the year. Trust has used their carry forward fund to continue the charitable work for this year. Reserve Funds The reserve funds are for the use of continuous charitable support and for the operational expenses of the Charity. Page 6