CHARITY REG15tRATION NUMBER: I1￿)958 MOHAMMED WELFARE TRUST Trustees, Annual Report & Financial Statements For the Year Ended 31" August 2023 MOHAMMED WELFARE TRusr Trustee< Annual Report & Fsnancial Statements For the Year Ended 31" August 2023 Page Trustees. annual report >5 Independent examiner's report to the trustees statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial ststements l(k12 MOHAMMED WELFARE TRUST Tntsteg Annual Report Year ended 31" August 2023 The trustees present their report and the unaudited financial statements of the charity for the year ended 31st August 2023. Reference and administrative detsils Registered charity name: Mohammed Welfare Trust Charity registration number. 1190958 Principal office: 37 Hitherbroom Road Hayes UB3 3AD The Trustees: Mr Mohammed Abu Yasin Mr. Rayhanuuaman Ragib Mr. Syed Nader Ahmed Ms Farhana Jahan Rima A¢￿untrnts Leamouth Excel Ltd Suite 2. Floor 2 38- 44, Whitechapel Road London El Ilx Structurei governance and management Mohammed Welfare Trust is constituted as a charitable trust registered with the Charity Commission on 201h August 2020 under the chartty number 1190958. The organisation is chaired by Mr. Mohammed Abu Yasin. Organisational Stryrture The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and re￿]ve no remuneration or other financial benefits. The trustee5 meet as a body on a quarterly basis to review overall direction of the foundations, facilities and activities provided by the charity. AppoiTntment of trustees The existing trustees and responsible for the recruitment of new trustees. Trustee indurtion und troiniTng Upon appointment. new trustees are introduced to their new roles and responsibilities and given a copy of the trust deed. They are introduced to their sour￿5 available on the Charty Commission webstte and encouraged to become faTniliar wtth the requirement and good practice processes applicable to this charity. Objectives and activities Objectives The relief of poverty among underprivileged families living in south Asia and United Kingdom by providing access to educational opportunities and provide means to income to enable individuals to become knowledgeable and financially self-supportive. Activities The charity carries out activities in pursuan￿ of its charitable aims. The trustees consider that the activities. summarised below, provide benefits to wider community. During the third year of operation. charity continued to save and transform the lives of poor and vulnerable people who are unprivileged and struggling with basic human needs such as food and shelter. The charity provided several supporting activities to improve the lifestyle of people including= Educational support= As education is the backbone of a society, we provide educational funds to the student who are very bright and cannot afford to study because of the lack of fund. Medical Support= The tharity has provided free medical support to poor and needy people who are less fortunate and cannot afford the basic medicines and treatment for their children and families. Food and Water Support= In 2023. Mohammed Welfare Trust distributed food to people who are in need. We also give away free tubewells to the people where they can get fresh water to drink. other support.. Our projects also provided means of financial support for making poor people financially independent. Achievements and perforn￿n The charity managed to receive £11.354 donation in the third year of operation and spent £11,685 to the above-mentioned activities in Bangladesh. These activities have improved the lifestyle of the people who used the services. The trustees consider the performance of the Charity this year has been satisfactory. Financial review The net deficit during the year amounted to £332 and the accumulated funds are a150 £9.839. The trustees consider the financial posttion of the Charity. as shown in the Financial Statements, satisfactory. Plans for future periods The Trustees intend to maintain and expand the charitys activttie5 in the future. The trustees, annual report was approved on 8th Decernber 2024 and signed on behalf of the board of trustees by= Mr Mohammed Abu Ya5in Trustee MOHAMMED WELFARE TRUST Independent Examiner's Report to the Trustees of Mohammed Welfare TNst Year ended 31° August 2023 I report to the trustees on my examination of the financial statements of Mohammed Welfare Trust I'the chariVI for the year ended 31 August 2023. Responsibllltles and basls of report As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the chartvs accounts as Carried out under section 145 of the Charities Act 20111.the 2011 ACYI. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{51{bl of the 2011 Art. Basis of Independent Examinerfs 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 accounts presented with those records. It also includes consideration of any unusual items of disclosure in the accounts and seeking explanations from you as trustees concerning anysuch matters. Independent examiner's statement In connection with my examination. no matter has come to my attention". 11 Which gives me reasonable cause to believe that in any material respect the requirements= To keep accounting records in accordan￿ with section 130 of the 2011 Act,. and To prepare accounts with accordance with the accounting records and comply with the accounting requirements ofthe 2011 Att. Have not been met." or 21 To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Leamouth Excel Ltd Suite 2, Floor 2 38- 44, Whttechapel Road London El IJX 8 December 2024 MOHAMMEDWELFARETRUST strte￿nt of Financial Attivities Year ended 31st August 2023 2023 2022 Unrestricted Fund Restricted Fund Total funds Total funds Income and endowments Donations and legacies 4 Charitable activities Investment income 11.354 11,354 29.938 Total income Expenditure Expenditure on raising funds- Costs of raising donations and legacies Investment management costs Expenditure on charitable activities 5,6.7 Totsl expenditure 33 Net income/ Net movement in fvnds Reconciliation of funds Total funds brought forward Totsl fund5 carried forward The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing artivities. MOHAMMED WELFARE TRUST Statement of financial Position 31# August 2023 2023 2022 . Fixed assets Tangible fixed assets Current assets Cash at bank and in hand 10.339 10,671 Creditors: amounts falling due within one year 10 500 Net current assets 9.839 Totsl assets less current liabilit6es 10.171 Net assets Funds of the charity Unrestricted fullds Totsl charity funds li These financial Statements were approved by the board of trustees and authorised for issue on 8th December 2024. and are Signed on behalf of the board by: Mr Mohammed Abu Yasin Trustee MOHAMMEDWELFARETRUST Notes to the Financial Statements Year ended 31" August 2023 l. General infomiation The charity is a public beneftt entity and a private company limited by guarantee. registered in England and Wales and a registered chartty in England and Wales. The address of the registered office is 37 Hitherbroom Road. Hayes, UB3 3AD. 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 applicèble to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Icharities SORP IFRS 1021) and the CompaniesAtt 2011. Accounting poliaes Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabiltties and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterlin& which is the funrtional currency of the entity- Going concern There are no material Un￿rtaIntieS about the charity's ability to continue. Disc105ure exemptions No cash flow statement has been presented for the company. 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 circumstsnces. 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 commttrnent. Restritted 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. Incoming resouros All incorning resources are included in the ststement of financial arttvitie5 when entitlement has passed to the charity,- it is probable that the economic beneftts 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: Income from donations or grants is recognised when there is evidence of entitlement to the gift, re￿Ipt 15 probable. and its amount can be measured reliably. Legacy income is recognised when receipt 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 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. Income from contracts for the Supply of SeNi￿S 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 expanded Expenditure is recognised on an accruals basis as a liabiltty is incurred. Expenditure includes anv VAT which cannot be fully recovered. and is dassified under headings of the statement of financial activities to which it relates: Expenditure on raising funds includes the costs of all fundraising activities, events. non- charitable trading activities, and the sale of donated Eoods. Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities thatfurther its charitable aims forthe benefit of its beneficiaries. including those support Costs and costs relating to the governance of the charity apportioned to charitable activities. Other expenditure includes all expendtture that is neither related to raising funds for the charity nor part of its expenditure on charitsble activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single attivity are allocated directlyto that activity. Shared costs are apportioned between the activities they contribLrte to on a reasonable. justifiable and consistent basis. Tangible assets There were no Tangible Assets during the year. io Donatlons and legacies Unrestricted Fund Totsl funds Unrestricted Fund Totsl fund5 20Z2 2023 Donations Appeals & donations 11,354 11.354 29,938 29,938 11.354 IU54 29.938 29,938 Expendtture on charitsble artlvitses by fvnd type Unrestricted Fund Totsl funds 2023 Total funds 2022 Charitable activities Analysis of support costs Total 2023 Totsl 2022 Computer and software General office Finance costs 647 364 iio 25 Travelling Advertising 250 944 1,881 740 2,826 Independent examination fees 2023 2022 Fees payable to the independent examiner for= Independent examination of the financial statements Staff costs 5Crf) 500 There were no stsff costs during the year. No employee received employee benefits of more than £60,CKX) during the year12022= Nil). li Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 10. Other creditor5 including tsxotion and xKial securityfrdlling due within one year 2023 2022 Accruals 500 11. Analysis of charitoble funds Unrestricted funds At 31" August 2022 Gains Income Expenditure and Losses At 31" August 2023 General funds 10,171 11354 111.6851 9,839 Revaluation reserve 10.171 171 RestrTCted funds At 31st August 2022 Gains Expenditure and Losses At 31" August 2023 Income Freehold Property UK investment property Revaluation reserve Total Fund 9,839 12