CHARITY REGISTRATION NUMBER: 1190958 MOHAMMED WELFARE TRUST Trustees, Annual Report & Financial Statements For the Year Ended 31st August 2022
MOHAMMED WELFARE TRusr Trusted Annual Report & Flnancial Ststements For the Year Ended 3151 August 2022 Page Trustees. annual port
5 Independent examiner's report to the trustees Statement of financFal attivities (induding income and expenditure account) Statement of finana31 position Notes to the financial statements I12
MOHAMMED WELFARE TRUST Trustee< Annual RePt Year ended 31° August 2022 The trustees present their report and the unaudited financial statements of the charty for the year ended 31° August 2022. Refereno and admlnlstratl¥e detslls Registered tharity name: Mohammed Welfare Trust Charlty reglstratlon number. 1190958 Prlnclpal offl¢e: 37 Hitherbroom Road Hayes UB3 3AD The Trustees: Mr Mohammed Abu Yasin Ms Farhana Jahan Rima Accountants Leamouth Excel Ltd Sutte 2. Floor 2 38- 44, Whitechapel Road London El IJX Structure. governan and management Mohammed Welfare Trust is constituted as a charitable trust registered with the Charity Commission on 20th August 2020 underthe charity number 1190958. The organisation 15 chaired by Mr. Mohammed Abu Ya5in. Organlsational Strurture The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and re1ve no remuneration or other financial benefrts. The trustees meet a5 a body on a quarterly basis to review overall direction of the foundations. facilities and activities provided by the charTty. The existing trustees and responsible ft>r the recruitment of new trustees. rrustee indurtion ond traifting Upon appointment. new trustees are Introduced to their new roles and SpOnsIbl11teS and given a copy of the trust deed. They are introduced to their Sour available on the Charity
Commission website and encouraged to become familiarwith the requirement and good practice processes applicable to this charity. Oblertlves and aclivitie5 Objertives The relief of poverty among underprivileged families living in South Asia and United Kingdom by providlng access to educational opportuntties and provide meansto income to enable individuals to become knowledgeable and financially self-supportive. The charity carries out artivities in pursuance of its charitable aims. The tTUStees consider that the activities. summarised below, provide benefits to wider communty. Durlng the second year of operation, the tharity continued to save and transfonn the lives of poor and vulnerable people who are unprivileged and struggling with basic human need5 such as food and sheer. The charity provided several supporting artNities to improve the lifestyle of people including: Educational support: As education is the backbone of a society, so we provided educational fund to the student who are very bright and cannot afford to study because of the lack of fund. We also hadlslamic class running for elderly women to rnake them rectte the Quran. Medical Support- The charity has provided free medical sUPPOrt to the poor and needy people who are less fortunate and could not afford the basic medbcines and treatment for their thildren and families. Building the houses: The charty a150 helped poor people to build their houses where they stay safely and securely. Food and Water Support: In 2022. the biggest flood crisis took place in Sylhet. Bangladesh. Mohammed Welfare Trust managed to distribute food to 16CKI who are in need. We also give away free tubewells to the people where they get fresh water to drink. Winter support: Mohammed Welfare Trust has also distributed winter blanket5 for the people in the winter. Other 5UPPOrt: Our projects also provided means of income which gave away some auto rickshaws to the individuals for maknng poor people financially independent. To make women independent, we trained women and donated some sewing machines as well. A¢hievements and perftKmance The charity managed to re1Ve £29.938 donation in the second year of operation and spent £29,935 to the above-mentioned activtties in Bangladesh. These actNities have improved the lifestyle of the people who used the services. The trustees consider the perfomiance of the Charity this year has been satisfartory.
Financial review The net defictt during the year amounted to £3.423 and the accumulated funds are also £10,071. The trustees consider the financial position of the Charity, as shown in the Financial Statements, satisfattory. Plans for future periods The Trustees intend to maintsin and expand the thar[tS activities in the future. The trustees, annual report was approved on 8th February 2023 and signed on behalf ofthe board of trustees by: Mr Mohammed Abu Yasin Trustee mAgy
MOHAMMED WELFARE TRUST Independert Examiner's Report to the Tntstees of Whammed Welfare T$t Year ended 31" Augu# 2022 I report to the tnjstees on my examination of the financial statements of Mohammed Welfare Trust I'the charitV} for the year ended 315¢ August 2022. Responsibilities and basis of report As the trustees of the Charity, you are responsible for the preparation of the financial ststements in accordance with the requirements of the Charities Att 2011 {'the ACYI. I report in respect of my examination of the charitvs accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 ACVI. In carrying out my examination I have followed the Directions gÉven by the Charity Commission under section 145151{bl of the 2011 Act. Basis of Independent Examlnerfs Report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the atcounts presented with those records. It also intludes consideration of any unusual items of disd05ure in the accounts and seeking explanations from you as trustee5 concerning any such matters. Independent examlner% Statement In connertion with my eXaminatn, no matter has come to my attention: 11 Which gives me reasonable cause to believe that in any material respect the requirements= To keep accourting records in accordance Wlth sertion 130 of the 2011 Act; and To prepare accounts with accordance with the accounting records and comply with the accounting requirements of the 2011 ACL Have not been met; or 21 To which, in my opinion. attention should be drawn in order to enable a proper understsnding of the accounts to be reached. IY Leamouth Excel Ltd Suite 2. Floor 2 38- 44, Whitechapel Road London El IJX 8 February 2023
MOHAMMED WELFARE TRUST Statement of Financial Activi Year ended 315t August 2022 2022 2021 Unrestricted Restricted Fund Fund Total fvnd5 Total funds Income and vvlowments Donations and legacies 4 Charitable activities Investment income 29.938 29,938 76,633 Totsl Income Expenditure Expenditure on ralsing funds: Costs of raising donations and legacies Investment management costs Expenditure on charitable activities S.6.7 Total expendlture Net income/ Net movemert in funds 323 Recon¢il1atl¢ of funds Total funds brought fonvard Total funds caffied forward 0.00 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activrties.
MOHAMMED WELFARE TRUST Slatement of Financial Positlon 31 August 2022 2022 2021 Note Flxed assets Tangible fixed assets Current assets Cash at bank and in hand 10,671 14,094 Credltors: amounts falling due within one year 10 600 Net current assets Total assets less current liabilities 10.071 13,494 Net assets Funds of the charity Unrestricted funds Total charity funds li These financial statements were approved by the board of trustees and authorised for issue on 8th February 2023, and are signed on behalf of the board by: Mr Mohammed Abu Yasin Trustee
MOHAMMED WELFARE TRUST N(rtes to the Finandal Staternents Year wded 31" Au8USt 2022 l. General information The charity Is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charty in England and Wales. The address of the registered office is 37 Hitherbroom Road, Hayes. UB3 3AD. 2. Statement of compllance 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 Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP {FRS 10211 and the Companies Art 2011. Accounting pollcles Basls of preparation The financial statements have been prepared on the historical cost basis. as modTrfied by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial ststements are prepared in sterlin& which is the funrtlonal currency of the entity. Going coD¢ern There are no material UnrtaIntieS about the chariws ability to continue. Disdosure exemptions No cash flow Statement has been presented for the company. Judgements and key sources of estimatlon uncortalnty 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 Unrestrirted funds are available for use at the discretion of the trustee5 to further any of the charivs purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restrirted funds are subjected to restrictions on their expenditure declared by the donor or through the ternis of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources All incoming resources are induded in the ststement of financial artivities when entitlement has passed to the charity; it is probable that the economic benefts a550ciated with the transartion 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 wognised when there is evidence of entitlement to the gift, receipt Is probable and its amount can be measured reliably. Legacy income is recognised when reIpt 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 faciltties and ServIS 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 sep4ices 15 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 retumed rf unspent, in which Case it may be regarded as restricted. Resources expended Expendtture is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be ful recovered. and is dassified under headings of the statement of financial activities to which it relates= Expenditure on raising fvnds includes the costs of all fundraising activities. events, non- charitable trading activitie5. and the sale of donated goods. Expenditure on charitable activities indudes 311 costs incurred by a charity in undertaking activitiesthatfurther its charitsble aims for the beneftt of its beneficiaries. Including those support costs and costs relatin8 to the governan of the charity apportioned to haritable actiwties. Other expenditure indudes all expenditure that is neither related to raising funds for the charity nor part of ts expenditure on charitsble artbvities. All costs are allocated to expenditure categorie5 refiecting the use of the resource. Dirert tosts attributableto a single attivity are allocated directlytothat activity. Shared costs are apportioned between the actNities they contribute to on a reasonable. justifiable and tonsistent basis. Tangible assets There were no Tangible Assets during the year. io
Donations and lezaaes Unrestricted Fund Totsl funds Unrestricted Fund Totsl funds 2022 2021 Donatlons Appeals & donations 29,938 29.938 76,633 76,633 29,938 29.938 76.633 76.633 Expendlture on charitsble activitses by fvnd type Unrestricted Fund Totsl lunds 2022 Total funds 2021 Charitable artivities Analysis of support costs Total 2021 Total 2020 Computer and software General offi Finance costs Governance costs Travelling Advertising 364 iio 25 230 70 177 148 740 2,826 1,768 Independent examination fees 2022 2021 Fees payable to the independent examiner for- Independent examination crf the financial ststements Staff costs 5(M) 6CK) There were no staff costs during the year. No employee received employee benefits of more than £60,000 during the year12021: Nil}. li
Trustee remuneratlon axl expenses No remuneration or other beneffts from employment with the charity or a related entity were received by the trustee 10. Other credltors induding taxatlon and sla1 securlty talllng due wlthln one year 2022 2021 Accruals 600 11. Anatysls ot charltsble funds Unrestrirted funds At 31st August 2021 Gains Income Expenditure and Losses At 3151 August 2022 General funds 13.494 29,938 (332611 10.171 Revaluation reserye 13.494 Restrlrted funds At 31st August 2021 Gains At 31st Au8USt 2022 Income Expendlture and Lows Freehold Property UK investment property Revaluation reserve Total Fund 10,171 12