**REGISTERED CHARITY NUMBER: 1190869** ## **Report of the Trustees and** ## **Unaudited Financial Statements** **for the Year Ended 31st December 2022** ## **for** ## **Ifta Welfare Trust UK** Naail & Co Chartered Certified Accountants 69 Lambeth Walk London SE11 6DX **Ifta Welfare Trust UK** ## **Contents of the Financial Statements for the Year Ended 31st December 2022** |||**Page**| |---|---|---| |**Report of the Trustees**|3|to 7| |**Independent Examiner's Report**||8| |**Statement of Financial Activities**||9| |**Balance Sheet**||10| |**Notes to the Financial Statements**|11|to 16| |**Detailed Statement of Financial Statements**|17|
to 18| ## **Ifta Welfare Trust UK** ## **Report of the Trustees for the Year Ended 31st December 2022** The trustees present their report with the financial statements of the charity for the year ended 31st December 2022. The trustees have adopted the provisions of 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). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1190869 ## **Principal address** 1 Beverley Road Mitcham CR4 1NQ ## **Trustees** Syed Jaffri Dr Muhammad Ali Ghazanfar ## **Independent Examiner** Naail & Co Chartered Certified Accountants 69 Lambeth Walk London SE11 6DX Page 3 **Ifta Welfare Trust UK** **Report of the Trustees for the Year Ended 31st December 2022** ## **Introduction:** IFTA Welfare Trust UK have successfully supported 15 different Humanitarian program in collaboration with IFTA Welfare Trust Pakistan to cater the basic needs of underprivileged with focus on Health, Education, Water and Social Well-being. IWT have adapted the norms of Sustainable Development Goals 2030 consisting of 17 points initiated by United Nation Development Program (UNDP) for the uplifting of Under Privilege Communities within Pakistan IFTA Welfare Trust Pakistan is serving humanity since 2008 as a not-for-profit welfare organization. IFTA Welfare Trust is registered with Government of Pakistan and Pakistan Centre for Philanthropy (PCP) IFTA Welfare Trust Pakistan is currently providing their services and doing welfare work in most under privileged areas of Karachi, like Orangi Town, Qasba Colony, Baldia Town, Irani Camp, Malir, Korangi etc. In order to advance IWT mission, we are providing our services and assistance on humanitarian ground in Sindh, Punjab, Baluchistan and Skardu Gilgit Baltistan. IWT’s 100% donation policy ensures that all donations are spend for charitable purposes. ## **Objectives** IFTA Welfare Trust UK is a CIO - FOUNDATION Registered on 14 Aug 2020 The objects of the CIO are: a) the relief of financial hardship, either generally or individually, of people living in Pakistan and the uk, by making grants of money for providing or paying for items services or facilities. B) to advance education, primarily, but not exclusively for the benefit of the poor and those in need, by means of making grants of money to fund educational activities and facilities in Pakistan and the UK. ## **Activities and achievements:** Ongoing projects |Clean DrinkingWater Project|Karachi| |---|---| |Higher Education Support Program|Karachi| |School Fee Support Program|Karachi & Skardu| |Books,Copies & Uniforms|Karachi & Skardu| |Marriage Support Project|Karachi| |MonthlyRation Supply|Karachi| |Cooked Food/Sadqa Meat Project|Karachi & Skardu| |AnnualQurbani|Karachi& Skardu| |Ramadan Ration Project|Parachinar,Skardu,Hango,Haiderabad,Karachi| |Heat Stroke Relief Project(Summer)|Karachi| |Quilt Distribution Project(Winter)|Parachinar,Skardu,KhairPur,Karachi| Adhoc projects |House Re-Building of Flood Afectees|District KhairPur| |---|---| |Ration Distribution for Flood Victims|Badin, Thari Meerwah, Thatta, Khairpur,
Naseerabad,Basti Khosa,Taunsa Sharif,Karachi| |Medical Camps for Flood Victims in Sindh|Badin, Thari Meerwah, Khairpur, Basti
Khosa,Karachi| |Clothes, Crockery, Towel, Soaps etc. for Flood
Victims|Khairpur, Karachi| Page 4 **Ifta Welfare Trust UK** ## **Report of the Trustees for the Year Ended 31st December 2022** |Fumigation in Sindh & Baluchistan for
Flood Victims|Badin, Thari Meerwah, Thatta, Khairpur,
Naseerabad,Basti Khosa,Taunsa Sharif,Karachi| |---|---| |Camp/Tent Distribution Baluchistan & Punjab
for Flood Victims|KhairPur, Naseerabad, Dera Ghazi Khan| |4 Sets Of UF Hand Operated Water Filtration
Plant|Dera Murad Jamali, Baluchistan| |School Bags Distribution|District KhairPur| |Mosquito Net to Flood Effected families|Khairpur, Sindh & Taunsa Sharif, Punjab| |Cooked Food Distribution to Flood Effected
families|Badin, Karachi & Khairpur - Taluka Kotdiji| |Hair Cutting Drive|Orangi Town, Karachi| ## **Appeals** https://www.justgiving.com/campaign/pakfloods https://gofund.me/ac4fd228 Page 5 Ifta Welfare Trust UK Report of the Trustees for the Year Ended 31st December 2022 IFTA WELFARE TRUST vell3retrustnrg Salam On behalf of IFTA Welfare Trust UK, I request you to participate in our winter drive for blankei distribution among poor f3milie5 of Northern areas of Pakistan. We have been distributing for last few years but the need in this year is immense. The blanket has to be good quality in these areas as the temperature may drop well below freezing point One blanket cost us 10£ We are tsrgeting at least 500 blanket5. 5000 £ Please donate generously Direct donations (please text amount) Account name.. IFTA Welfare Trust UK Account #.. 11717858 Sort Code.. 602428 PayPal.' p3ypalQiftaWe￿arQtrUst.or9 For more ir>forrnation please contsct 07806511378 http5.'1,.'..ftaivelfar8tfUSt.org/ UK Registered Charity. 1190869 IFTA WELFARE TRUST rftth¥elfaretrLtst.org In The Year 2021 IFTA Welfare Trust did wedding arrangements of more than 26 poor families from 650.000 pkr including widow's daughter in different forms and we are still getting many requests for wedding arrangement of orphans ale recewed. PLEASE COME FORWARD at SUPPORT How much does the average takeaway for 4 people cos 35 and that 15 just one meal. For £33. this Ramadhan you can sponsor a family for an entire month this includes 2 meals a day. IFfA WELFARE TRUST UK- RAMADHAN APPEAL With your donation, IFTA can ensure f3milie5 in and around Skardu. P3rachina, Interior Sindh Villages, Karachi etc who are m05t need are delivered a Ramadhan package right to their doorstep. Online Donation ¥V'.¥Vb.JUStgirfii9.com/campaign/iftaramadan2022 Page 6 **Ifta Welfare Trust UK** ## **Report of the Trustees** ## **for the Year Ended 31st December 2022** ## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES** The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with the applicable law and United Kingdom’s accounting standards (United Kingdom’s generally accepted accounting practice). The law is applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of affairs of the charity and of incoming resources and application of resources of the charity for that period. In preparing financial statements, the trustees are required to: 1. Select Suitable Accounting Policies and apply them consistently; 2. Observe the methods and principles in the Charities Statement of Recommended Practice; 3. Make judgements and estimates that are reasonable and prudent; 4. State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 5. Prepare the financial Statements on the going concern basis unless it’s inappropriate to presume that the charity will continue in business The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) regulations 2008 and the provisions of the Constitution. ## **RISK MANAGEMENT** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **GOVERNING DOCUMENT** The charity is controlled by its governing document, Trust Deed, dated 14/08/2020 ## **INDEPENDENT EXAMINER** The independent examiner, Naail & Co, Chartered Certified Accountants, will be proposed for reappointment at the forthcoming Annual Trustees’ Meeting. ## **ON BEHALF OF THE BOARD:** Approved by order of the board of trustees on ............................................. and signed on its behalf by: syed jaffri syed jaffri (Nov 17, 2023 11:00 GMT)................................................................. Trustee – Mr Syed Jaffri Page 7 **Independent Examiner's Report to the Trustees of Ifta Welfare Trust UK** ## **Independent examiner's report to the trustees of Ifta Welfare Trust UK** I report to the charity trustees on my examination of the accounts of Ifta Welfare Trust UK (the Trust) for the year ended 31st December 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set 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 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 accounts to be reached. ## Syed Murtaza Syed Murtaza (Nov 17, 2023 11:03 GMT) --------------------------------------- Syed H Murtaza FCCA, MCMI Naail & Co Chartered Certified Accountants 69 Lambeth Walk London SE11 6DX Date: ............................................. Page 8 ## **Ifta Welfare Trust UK** ## **Statement of Financial Activities for the Year Ended 31st December 2022** |||||||Period| |---|---|---|---|---|---|---| |||||||14.8.20| ||||||Year Ended|to| ||||||31.12.22|31.12.21| |||Unrestricted|Restricted|Endowment|Total|Total| |||funds|funds|fund|funds|funds| ||Notes|£|£|£|£|£| |**INCOME AND**||||||| |**ENDOWMENTS FROM**||||||| |Donations and legacies||7,266|31,049|-|38,315|47,412| |**EXPENDITURE ON**||||||| |Raising funds|2|650|-|-|650|-| |**Charitable activities**||||||| |General Charitable Activities||7,676|23,707|-|31,383|39,637| |Other||4,460|-|-|4,460|1,849| |**Total**||12,786|23,707|-|36,493|41,486| |**NET**||||||| |**INCOME/(EXPENDITURE**||(5,520)|7,342|-|1,822|5,926| |**)**||||||| |**RECONCILIATION OF**||||||| |**FUNDS**||||||| |Total funds brought forward||1,079|4,847|-|5,926|-| |**TOTAL FUNDS CARRIED**||||||| |**FORWARD**||(4,441)|12,189|-|7,748|5,926| The notes form part of these financial statements Page 9 ## **Ifta Welfare Trust UK** ## **Balance Sheet 31st December 2022** |Unrestricted
Restricted
Endowment
funds
funds
fund
Notes
£
£
£
**CURRENT ASSETS**
Cash at bank
507
7,891
-
**CREDITORS**
Amounts falling due within
one year
5
(650)
-
-
**NET CURRENT**
**ASSETS/(LIABILITIES)**
(143)
7,891
-
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
(143)
7,891
-
**NET ASSETS**
(143)
7,891
-
**FUNDS**
7
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2022
Total
funds
£
8,398
(650)
7,748
7,748
7,748
51
7,697
7,748|2021
Total
funds
£
6,826
(900)
5,926
5,926
5,926
1,079
4,847
5,926| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ## syed jaffri syed jaffri (Nov 17, 2023 11:00 GMT)............................................. Trustee - Mr Syed Jaffri The notes form part of these financial statements Page 10 ## **Ifta Welfare Trust UK** ## **Notes to the Financial Statements for the Year Ended 31st December 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued... Page 11 ## **Ifta Welfare Trust UK** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2022** ## **2. RAISING FUNDS** ## **Governance costs** |**Governance costs**||| |---|---|---| |||Period| |||14.8.20| ||Year Ended|to| ||31.12.22|31.12.21| ||£|£| |Independent examiner’s fee|750|900| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st December 2022 nor for the period ended 31st December 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31st December 2022 nor for the period ended 31st December 2021. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
Restricted
Endowment
funds
funds
fund
£
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
16,687
30,725
-
**EXPENDITURE ON**
**Charitable activities**
General Charitable Activities
13,759
25,878
-
Other
1,849
-
-
**Total**
15,608
25,878
-
**NET INCOME**
1,079
4,847
-
**TOTAL FUNDS CARRIED FORWARD**
1,079
4,847
-|Total
funds
£
47,412| |---|---| ||39,637
1,849| ||41,486| ||5,926| ||5,926| Page 12 continued... ## **Ifta Welfare Trust UK** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2022** |**5.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |---|---|---|---|---| ||||2022|2021| ||||£|£| ||Accurals||650|900| ||||650|900| |**6.**|**MOVEMENT IN FUNDS**|||| ||||Net|| ||||movement|At| |||At 1.1.22|in funds|31.12.22| |||£|£|£| ||**Unrestricted funds**|||| ||General donation|1,079|(1,028)|51| ||**Restricted funds**|||| ||Patient support|19|(18)|1| ||Ramadan ration|228|(216)|12| ||R.O plant-Gohram Goth|151|(92)|59| ||Ramadan iftari|-|187|187| ||Khums|2,853|(2,573)|280| ||Qurbani|27|129|156| ||Water donation|998|(907)|91| ||Razai|185|(75)|110| ||Sadqa- goat|386|(339)|47| ||Book Publication|-|89|89| ||Dowry|-|156|156| ||Flood Relief|-|5,140|5,140| ||Education Support|-|1,272|1,272| ||Fidya|-|97|97| |||4,847|2,850|7,697| ||**TOTAL FUNDS**|5,926|1,822|7,748| Page 13 continued... ## **Ifta Welfare Trust UK** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2022** ## **6. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General donation
**Restricted funds**
Patient support
Ramadan ration
R.O plant-Gohram Goth
Ramadan iftari
Khums
Qurbani
Water donation
Razai
Sadqa- goat
Book Publication
Dowry
Flood Relief
Education Support
Fidya
Fitra
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
7,266
(8,294)
(1,028)
-
(18)
(18)
2,226
(2,442)
(216)
-
(92)
(92)
266
(79)
187
1,756
(4,329)
(2,573)
159
(30)
129
881
(1,788)
(907)
1
(76)
(75)
198
(537)
(339)
100
(11)
89
175
(19)
156
19,373
(14,233)
5,140
5,780
(4,508)
1,272
120
(23)
97
14
(14)
0
31,049
28,199
2,850
38,315
(36,493)
1,822| |---|---| Page 14 continued... ## **Ifta Welfare Trust UK** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2022** ## **6. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** ||Net|| |---|---|---| ||movement|At| ||in funds|31.12.21| ||£|£| |**Unrestricted funds**||| |General donation|1,079|1,079| |**Restricted funds**||| |Patient support|19|19| |Ramadan ration|228|228| |R.O plant-Gohram Goth|151|151| |Khums|2,853|2,853| |Qurbani|27|27| |Water donation|998|998| |Razai|185|185| |Sadqa- goat|386|386| ||4,847|4,847| |**TOTAL FUNDS**|5,926|5,926| Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General donation
**Restricted funds**
Patient support
Ramadan ration
R.O plant-Gohram Goth
Ramadan iftari
Khums
Qurbani
Water donation
Razai
Sadqa- goat
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
16,687
(15,608)
1,079
50
(31)
19
4,070
(3,842)
228
3,773
(3,622)
151
2,985
(2,985)
-
3,880
(1,027)
2,853
70
(43)
27
15,077
(14,079)
998
200
(15)
185
620
(234)
386
30,725
(25,878)
4,847
47,412
(41,486)
5,926| |---|---| Page 15 continued... ## **Ifta Welfare Trust UK** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2022** ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st December 2022. Page 16 ## **Ifta Welfare Trust UK** ## **Detailed Statement of Financial Activities for the Year Ended 31st December 2022** |||Period| |---|---|---| |||14.8.20| ||Year Ended|to| ||31.12.22|31.12.21| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|38,315|47,412| |**Total incoming resources**|38,315|47,412| |**EXPENDITURE**||| |**Charitable activities**||| |Water donations|1,788|14,079| |Sadqa-goat|537|234| |Razai|76|15| |Khums (Sehm-e-Imam)|3,803|754| |Khums (Sadaat)|526|273| |R.O plant-Gohram Goth|92|3,622| |General donations|6,676|13,491| |Ramadan ration|2,442|3,842| |Patient support|18|31| |Ramadan iftari|79|2,985| |Qurbani|30|43| |Fitra|208|268| |Book Publication|11|-| |Dowry|19|-| |Education Support|4,508|-| |Fidya|23|-| |Flood relief|9,547|-| ||30,383|39,637| |**Support costs**||| |**Management**||| |Commission & fees|216|198| |Other general & admin expenses|1,120|533| |Rain & Urban Flooding|4,024|-| ||5,360|731| Page 17 ## **Ifta Welfare Trust UK** This page does not form part of the statutory financial statements ## **Detailed Statement of Financial Activities for the Year Ended 31st December 2022** |||Period| |---|---|---| |||14.8.20| ||Year Ended|to| ||31.12.22|31.12.21| ||£|£| |**Management**||| |**Finance**||| |Bank charges|-|218| |**Governance costs**||| |Independent examiner's fee|750|900| |Total resources expended|36,493|41,486| |**Net income**|1,822|5,926| Page 18