## **URM Charity** **CHARITY NO. 1196540** **Financial Statement For the Year Ended 31st March 2024** **TWM Associates First Floor County Motors Alderney Street Newport NP20 5NH** ## **URM Charity Charity Information** ## **Trustee** ## **Chairman** **Charity Number Charity Office** **Shafqut Khan Mohammed Atiq Mahmood Tafser Naqi Saeed** **Shafqut Khan** **1196540** **URM Charity 5 Corporation Road Newport NP19 0AJ** ## **Examiner** **T-W-M Associates Ltd First Floor County Motors, Alderney Street Newport NP20 5NH** ## **URM Charity** **For the Year Ended 31st Marh 2023** **Contents** ## **Trustee Report** **Examiners Report** **Statement Of Financial Activities** **Balance Sheet** **Notes** ## **URM Charity Report Of The Trustees** ## **For The Year Ended 31st March 2024** The Trustees present its report with the financial statement of the charity for the year ended 31st March 2024. ## Address URM Charity, 5 Corporation Road Newport NP20 0AJ ## Principal Activities Providing help and financial support to eradicate poverty across the world. Also help in constructing places of worship,setting up food banks locally and provide access to water for those who requires. Future Development The Charity continues to promote it main objectives in the coming years. ## **URM Charity Report Of the Trustees For the Year Ended 31st March 2024** ## **Statement Of Trustee Responsibilities** The Trustees are required under section 41 of the Charities Act 1993 set out the requirement for record keeping. Section 41 (1) to 41 (3) are relevant - 1) The Charity trustee of a charity shall ensure that accounting records are kept in respect of the charity which are sufficient to show and explain the charity's transaction, and which are such as to - a) Disclose at any time with reasonable accuracy, the financial position of the charity - b) Enable the trustee to ensure that, where any statements of account are prepared by them under section 42 (1) below, those statement of account comply with the requirements of regulations under that provision. - 2) The accounting records shall in particular contain - a) Entries showing from day to day all sums of money received and expended by the charity, and the matters in respect of which the receipt and expenditure takes place and - b) A record of the assets and liabilities of the charity - 3) The Charity trustees of a charity shall preserve any accounting records made for the purpose of this section in respect of the charity for at least 6 years from the end of the financial year if the charity in which they are made. Approved by the trustee & signed on their behalf by: Date ……………………………… ## **Independent Examiner's Report To The Trustees Of URM Charity** ## **For the Year Ended 31st March 2024** I report on the financial statement which are set out on pages 6 to 11 ## **Respective Responsibilities Of The Trustees And Examiner** As the charity's trustees you are responsible for the preparation of the accounts. The charity's trustees consider an audit is not required for this year (under s43 (3) of the Charities Act 1993 ( The Act). It is my responsibility to - Examine the accounts (under s43 (3) (a) of the 1993 Act) - Follow the procedures laid down in the General Directions given by the Charity Commissioners under section 43 (7) (b) of the Act, and > to state whether particular matters have some to my attention ## **Basis Of Independent Examiner's Report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 or disclosures in the accounts, and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the account ## **Independent Examiner's Statement** In connection with my examination, no matter has come to my attention: 1) Which givens me reasonable cause to believe that in any material respect the requirements, to keep accounting records in accordance with the section 41 if the Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act. ## Have not been met; or - 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. **----- Start of picture text -----**
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Date ------------------------------------ ## **URM Charity** ## **Report Of the Financial Activities For The Year Ended 31st March 2024** ||Notes||Un rest'd| |---|---|---|---| ||||Funds| ||||£| ||||**2024**| |**Incoming Sources**|||| |Incoming resources from donors||**2**|64,598| |Income- charitable & ancillary|||| |Total Resources Used||**6**|54,867| |Net Movements In Funds|||9,731| - ||**URM Charity**|||| |---|---|---|---|---| ||**Balance Sheet**|||| ||**As At 31st March**|**2024**||| |||2024||| |**Fixed Assets**||||| |||-||| |**Current Assets**||||| ||Bank and Cash|21,548||| |||||21,548| |**Liabailties**||||| |||-||| |||||-| |**Net Assets**||**21,548**||| |**Financed By**||||| |**Trustee Funds**|11,817|||| |Movement in fund|9,731|||| |Total Funds||**21,548**||| |Approved by the trustees & signed on their behalf by:||||| |------------------------------------------------|||Dated|| ## **URM Charity Notes To The Financial Statement** ## **For The Year Ended 31st March 2024** ## 1. **Accounting Polices** The financial statements are prepared under the historical cost convention and include the result of the charity's operation which are described in the Trustees' Report and all of which are continuing. The accounts have been prepared in accordance with the Statement of Recommended Practice charity accounts. The charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cashflow statement on the grounds that it qualifies as a small charity. ## **Turnover** Income resources are recognised in the Statement of Financial Activities when the charity has legal entitlement to the resources and receipt is certain and the amount is measurable Incoming resources received in advance of such entitlement are deferred on the balance sheet. Depreciation and Diminution In Value Of Assets. Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimates residual value, over their expected useful lives on the following bases: Fixture & Fittings Improvement 20% reducing balance basis 20% reducing balance basis ## Deferred Taxation The Association is a registered charity under the Charities Act 1993 and is accordingly exempt from taxation its charitable activities. ## **URM Charity Notes To The Financial Statements** For The Year Ended 31st March 2024 |**2 Turnover**|**2024**| |---|---| |Income Resources From Donors|| |Donations|49,918.00| |ZAKAT|11,193.00| |Sadaqa|3,187.00| |Fitrana|300.00| |Total|64,598.00| ## **URM Charity Notes To The Financial Statement For The Year Ended 31st March 2024** |Resource Used
Charity paid out
Transport
Rates & Water
Repair
Cleaning & Refuse
Advertising
Insurance
Equipment Hire
Room Hire
Licence Fee
Postage & Stationary
Legal & Professional
Service Charge
Web Maint
Travel
Telephone
Interest/Bank Charges
Depreciation
Sundry
**Total Resources Used**|**2024**
£
54,867
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-| |---|---| ||**54,867**| ## **URM Charity Income & Expenditure Account For The Year Ended 31st March 2024** |**Income**
Donations
Sadaqa
Zakat
Fitrana
Expenses
Charity Paid out
54,867
Transport
-
Rates & Water
Repair
Cleaning & Refuse
Advertising
Insurance
Equipment Hire
Room Hire
Licence Fee
Postage & Stationary
Legal & Professional
Service Charge
Web Maint
Travel
Telephone
Bank Charges
Depreciation
Sundry
Excess of Income Over Expenditure|**2024**
49,918
3,187
11,193
300
-
64,598
54,867| |---|---| ||**9,731**|