PWT (Potohar Welfare Trust)
Receipts and Payments Accounts for the period 24[th] February 2023
to 31[st] March 2024
Charity Assist Accountants Ltd
Certified Public Accountants and Charity Independent Examiners
Unit 27 Batley Enterprise Centre
513 Bradford Road Batley West Yorkshire
WF17 8LL
1
PWT (Potohar Welfare Trust)
Receipts and Payments Accounts for the period 24[th] February 2023
to 31[st] March 2024
Content Page Basic information 3 Trustees’ annual report 4 -7 Receipts and payments accounts 8-9
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PWT (Potohar Welfare Trust)
Receipts and Payments Accounts for the period 24[th] February 2023
to 31[st] March 2024
Basic information
Address
60 Hayes Lane Stourbridge DY9 8RD
Bank
Wise Payments Ltd
6[th] Floor, The Tea Building 56 Shoreditch High Street
London E1 6JJ
Accountants
Charity Assist Accountants Ltd Unit 27 Batley Enterprise Centre
Batley
West Yorkshire
WF17 8LL
Charity registration number
1202078
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PWT (Potohar Welfare Trust)
Receipts and Payments Accounts for the period 24[th] February 2023
to 31[st] March 2024
| Trustees' Annual Report for the period | Trustees' Annual Report for the period | Trustees' Annual Report for the period | Trustees' Annual Report for the period | Trustees' Annual Report for the period | Trustees' Annual Report for the period | Trustees' Annual Report for the period | Trustees' Annual Report for the period | |
|---|---|---|---|---|---|---|---|---|
| From | Period start date | To | Period end date | |||||
| 24th | Feb | 2023 | 31st | Mar | 2024 |
Section A Reference and administration details
PWT (Potohar Welfare Trust)
Charity name
Other names charity is known by
Registered charity number (if any) 1202078
Charity's principal address 60 Hayes Lane
Stourbridge Postcode DY9 8RD
Names of the charity trustees who manage the charity
| 1 2 3 |
Trustee name | Office (if any) |
|---|---|---|
| Zahir Hussain Azram | ||
| Hassam Munir | ||
| Aisha Azram |
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PWT (Potohar Welfare Trust)
Receipts and Payments Accounts for the period 24[th] February 2023
to 31[st] March 2024
Section B Structure, governance and management
Description of the charity’s trusts
CIO- Foundation registered 24 February 2023 Type of governing document
- (eg. trust deed, constitution)
How the charity is constituted
- (eg. trust, association, company)
Appointment of trustees
Trustee selection methods
- Apart from the first charity trustees, every trustee must be
(eg. appointed by, elected by) appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
- In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
Section C Objects and activities
The objects of the charity are:
-
To advance the Islamic religion in the UK for the benefit of the public, particularly but not exclusively through the holding of prayer meetings and producing and/or distributing Islamic literature to enlighten others about the Islamic religion.
-
To relieve poverty and sickness in Pakistan by assisting in the distribution of medicine, food and water, the provision of an ambulance service and the building of a new hospital, in particular, but without limitation, by the provision of grants.
Summary of the objects of the charity set out in its governing document
-
To advance education in Pakistan by providing educational materials such as uniforms and equipment.
-
To relieve the needs and suffering among victims of natural or other kinds of disaster, by providing financial assistance or food or by any other means necessary as determined by the trustees.
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PWT (Potohar Welfare Trust)
Receipts and Payments Accounts for the period 24[th] February 2023
to 31[st] March 2024
Charity commission requires the trustees of a charity to:
-
Select suitable accounting policies and then apply them, consistently;
-
Observe the methods and principles in the charities SORP;
-
Make judgement and accounting estimates that are reasonable and prudent;
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
-
State whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements;
-
Prepare the financial statements on the going concern basis unless there is a reason to believe that the Association will not continue for the foreseeable future.
The Trustees are responsible for the keeping of proper accounting records, which 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 Charity Act 2011. 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.
Section D Achievements and performance
The charity has started its activities in order to achieve its charitable objects. During the year they were able to send funds to Pakistan to support ongoing projects.
Summary of the main achievements of the charity during the year
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PWT (Potohar Welfare Trust)
Receipts and Payments Accounts for the period 24[th] February 2023
to 31[st] March 2024
Section E Financial review
The charity holds no reserves at the moment as it has just started its Brief statement of the activities. charity’s policy on reserves
Section F Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
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| PWT (Potohar Welfare Trust) | PWT (Potohar Welfare Trust) | PWT (Potohar Welfare Trust) | PWT (Potohar Welfare Trust) | PWT (Potohar Welfare Trust) | PWT (Potohar Welfare Trust) | PWT (Potohar Welfare Trust) | PWT (Potohar Welfare Trust) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receipts and | Payments Accounts for the period | 24th February 2023 | ||||||||||||||||
| to | 31st March | 2024 | ||||||||||||||||
| Charity Name | No (if any) | |||||||||||||||||
| PWT(Potohar Welfare Trust) | 1202078 | |||||||||||||||||
| Receipts andpayments accounts | CC16a | |||||||||||||||||
| For the period from |
24/02/2023 Period start date |
To | 31/03/2024 Period end date |
|||||||||||||||
| Section A | Receipts and payments | |||||||||||||||||
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | ||||||||||||||
| to the nearest £ |
to the nearest £ | to the | nearest £ | to the nearest £ | to the nearest | £ | ||||||||||||
| A1 Receipts | ||||||||||||||||||
| Donations | 11,033 | - | - | 11,033 | - | |||||||||||||
| Sub total(Gross income for AR) |
11,033 | - | - | 11,033 | - | |||||||||||||
| A2 Asset and investment sales, | ||||||||||||||||||
| (see table). | ||||||||||||||||||
| - | - | - | - | |||||||||||||||
| - | - | - | - | - | ||||||||||||||
| Sub | total | - | - | - | - | - | ||||||||||||
| **Total receipts ** | 11,033 | - | - | 11,033 | - | |||||||||||||
| A3 Payments | ||||||||||||||||||
| Bank charges | 45 | - | - | 45 | - | |||||||||||||
| Charitable donations | 500 | - | - | 500 | - | |||||||||||||
| Governance | 1,200 | - | - | 1,200 | - | |||||||||||||
| Grants Pakistan | 5,000 | - | - | 5,000 | - | |||||||||||||
| Printing,postage & stationery | 51 | 51 | - | |||||||||||||||
| Sub | **total ** | 6,796 | - | - | 6,796 | - | ||||||||||||
| A4 Asset and investment | ||||||||||||||||||
| purchases, (see table) | ||||||||||||||||||
| - | - | - | - | - | ||||||||||||||
| - | - | - | - | |||||||||||||||
| Sub | **total ** | - | - | - | - | - | ||||||||||||
| **Totalpayments ** | 6,796 | - | - | 6,796 | - | |||||||||||||
| Net of receipts/(payments) | 4,237 | - | - | 4,237 | - | |||||||||||||
| A5 Transfers between funds | - | - | - | - | - | |||||||||||||
| A6 Cash funds | lastyear end | - | - | - | - | - | ||||||||||||
| Cash funds thisyear end | 4,237 | - | - | 4,237 | - | |||||||||||||
| 8 |
PWT (Potohar Welfare Trust)
Receipts and Payments Accounts for the period 24[th] February 2023
to 31[st] March 2024
Section B Statement of assets and liabilities at the end of the period
| Categories | Details | Details | Details | Unrestricted funds |
Restricted funds |
Endowment funds |
|||
|---|---|---|---|---|---|---|---|---|---|
| to nearest £ | to nearest £ | to nearest £ | |||||||
| B1 Cash funds | Wise Payments Ltd | 4,237 | - | - | |||||
| - | - | ||||||||
| - | - | - | |||||||
| Total cash funds | 4,237 | - | - | ||||||
| (agree balances with receipts and payments account(s)) |
OK | OK | |||||||
| Unrestricted funds |
Restricted funds |
Endowment funds |
|||||||
| Details | to nearest £ | to nearest £ | to nearest £ | ||||||
| B2 Other monetary assets | - | - | - | ||||||
| - | - | - | |||||||
| - | - | - | |||||||
| - | - | - | |||||||
| - | - | - | |||||||
| - | - | - | |||||||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
||||||
| B3 Investment assets | - | - | |||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
||||||
| B4 Assets retained for the charity’s own use |
- | - | |||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| Details | Fund to which liability relates |
Amount due (optional) |
When due (optional) |
||||||
| B5 Liabilities | - | ||||||||
| - | |||||||||
| - | |||||||||
| - | |||||||||
| - | |||||||||
| Signed by one or two trustees on behalf of all the trustees |
Signature | Print Name | Date of approval |
||||||
| ~~Laliban~~ | ~~ZAHIRAIRAM~~ | ~~171 25~~ | |||||||
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