REGISTERED CHARITY NUMBER: 272508
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
DAWOODI BOHRA WELFARE SOCIETY IN GB
Kesaria & Co. Ltd
Chartered Certified Accountants
44 Chapman Crescent Harrow HA3 0TE
DAWOODI BOHRA WELFARE SOCIETY IN GB
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 7 |
| Detailed Statement of Financial Activities | 8 to 9 |
DAWOODI BOHRA WELFARE SOCIETY IN GB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. 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
272508
Principal address
3 Fenstanton Avenue North Finchley London N12 9HA
Trustees
Aquil Rajabali (Appointed 17 October 2021) Haki Kapasi (Resigned 17 October 2021) Imran Kapasi (Resigned 17 October 2021) Shirin Kapasi (Resigned 17 October 2021) Shamma Vanat Kalim Vanat Javed Kapadia Nasreen Rajabali (Resigned 17 October 2021) Imtiaz Sulemanji (Appointed 17 October 2021) Afroze Jiwani (Appointed 17 October 2021)
Independent Examiner
Kesaria & Co. Ltd Chartered Certified Accountants 44 Chapman Crescent Harrow HA3 0TE
Approved by order of the board of trustees on 27 January 2022 and signed on its behalf by:
Javed Kapadia - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DAWOODI BOHRA WELFARE SOCIETY IN GB
Independent examiner's report to the trustees of Dawoodi Bohra Welfare Society In GB
I report to the charity trustees on my examination of the accounts of Dawoodi Bohra Welfare Society In GB (the Trust) for the year ended 31 March 2021.
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Dipak Kesaria FCCA Kesaria & Co. Ltd Chartered Certified Accountants 44 Chapman Crescent Harrow HA3 0TE
27 January 2022
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DAWOODI BOHRA WELFARE SOCIETY IN GB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| INCOME AND ENDOWMENTS FROM Notes Donations and legacies Other trading activities 2 Investment income 3 Total EXPENDITURE ON Charitable activities Operations of the charity Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.3.21 31.3.20 Unrestricted fund £ Restricted fund £ Total funds £ Total funds £ 39,018 - 39,018 57,020 - - - 54 34,979 - 34,979 37,096 |
|---|---|
| 73,997 - 73,997 94,170 30,132 - 30,132 93,730 19,563 - 19,563 1,532 |
|
| 49,695 - 49,695 95,262 |
|
| 24,302 - 24,302 (1,092) 428,754 7,000 435,754 436,845 |
|
| 453,056 7,000 460,056 435,754 |
The notes form part of these financial statements
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DAWOODI BOHRA WELFARE SOCIETY IN GB
BALANCE SHEET 31 MARCH 2021
| FIXED ASSETS Notes Tangible assets 6 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 8 Restricted funds TOTAL FUNDS |
Unrestricted fund £ 72,125 380,931 - |
Unrestricted fund £ 72,125 380,931 - |
Restricted fund £ - 7,000 - |
31.3.21 Total funds £ 72,125 387,931 - 387,931 460,056 460,056 453,056 7,000 460,056 |
31.3.20 Total funds £ 90,808 344,946 - |
|---|---|---|---|---|---|
| 380,931 | 7,000 | 344,946 | |||
| 453,056 | 7,000 | 435,754 | |||
| 453,056 | 7,000 | 435,754 | |||
| 428,754 7,000 |
|||||
| 435,754 |
The financial statements were approved by the Board of Trustees and authorised for issue on 27 January 2022 and were signed on its behalf by:
Javed Kapadia Trustee
The notes form part of these financial statements
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DAWOODI BOHRA WELFARE SOCIETY IN GB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost and 25% on reducing balance Leasehold improvements - over the lease term
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.
2. OTHER TRADING ACTIVITIES
Sports Day Surplus
31.3.21 31.3.20 £ £ - 54
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DAWOODI BOHRA WELFARE SOCIETY IN GB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
3. INVESTMENT INCOME
| INVESTMENT INCOME | |
|---|---|
| Rents received Bank Interest Received |
31.3.21 31.3.20 £ £ 34,885 36,645 94 451 |
| 34,979 37,096 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
5. TANGIBLE FIXED ASSETS
| COST OR VALUATION At 1 April 2020 Additions At 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 |
Freehold Property £ 13,180 880 14,060 - - - 14,060 13,180 |
Leasehold improvements £ 72,157 - 72,157 - 18,039 18,039 54,118 72,157 |
Equipment £ 10,811 - 10,811 5,340 1,524 6,864 3,947 5,471 |
Total £ 92,625 |
|
|---|---|---|---|---|---|
| 5,340 19,563 |
|||||
| 24,903 | |||||
| 72,125 | |||||
| 90,808 |
Freehold land has not been depreciated.
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DAWOODI BOHRA WELFARE SOCIETY IN GB NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
7. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
Net movement At At 1/4/20 £ in funds £ 31/3/21 £ 428,754 24,302 453,056 7,000 - 7,000 |
|---|---|
| 435,754 (1,242) 460,056 |
|
| Incoming resources £ Resources expended £ Movement in funds £ 73,997 (49,695) 24,302 - - - |
|
| 73,997 (49,695) 24,302 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021 or for the period ended 31 March 2020.
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| DAWOODI BOHRA WELFARE SOCIETY IN GB | DAWOODI BOHRA WELFARE SOCIETY IN GB | |||
|---|---|---|---|---|
| DETAILED STATEMENT OF FINANCIAL | ACTIVITIES | |||
| FOR THE YEAR ENDED 31 MARCH 2021 | ||||
| 31.3.21 | 31.3.20 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies | ||||
| Donations | 38,538 | - | 38,538 | 56,055 |
| Centre Hire | 820 | - | 820 | 965 |
| 39,358 | - | 39,358 | 57,020 | |
| Other trading activities | ||||
| Sports Day Surplus | - | - | - | 54 |
| Investment income | ||||
| Rents received | 34,885 | - | 34,885 | 36,645 |
| Bank Interest Received | 94 | - | 94 | 451 |
| 34,979 | - | 34,979 | 37,096 | |
| Total incoming resources | 73,997 |
- | 73,997 | 94,170 |
| EXPENDITURE | ||||
| Charitable activities | ||||
| Rent | 2,310 | - | 2,310 | 36,436 |
| Rates and water | 2,228 | - | 2,228 | 9,241 |
| Insurance | 3,424 | - | 3,424 | 3,351 |
| Light and heat | 2,223 | - | 2,223 | 4,398 |
| Telephone | 491 | - | 491 | 586 |
| Postage and stationery | - | - | - | 414 |
| Sundries | 196 | - | 196 | 366 |
| Property Repairs etc | 8,586 | - | 8,856 | 20,356 |
| Hall Hire/Catering etc | - | - | - | 11,937 |
| Priest -Expenses | 3,531 | - | 3,531 | 3,778 |
| AGM Expenses | - | - | - | 554 |
| IT Software | 1,174 | - | 1,174 | - |
| Management Fees | 980 | - | 980 | 980 |
| Donations | 3,100 | - | 3,100 | |
| Activities | 1,261 | - | 1,261 | 720 |
| 29,504 | - | 29,504 | 93,117 | |
| Depreciation | ||||
| Plant and machinery | 1,524 | - | 1,524 | 1,532 |
| Leasehold property | 18,039 | 18,039 | - | |
| Finance | ||||
| Bank charges | 28 | - | 28 | 13 |
This page does not form part of the statutory financial statements
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DAWOODI BOHRA WELFARE SOCIETY IN GB DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| 31.3.21 | 31.3.20 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| Finance | ||||
| Governance costs | ||||
| Accountancy and legal fees | 600 | - | 600 | 600 |
| Total resources expended | 49,695 | - | 49,695 | 95,262 |
| Net income | 24,302 | - | 24,302 | (1,092) |
This page does not form part of the statutory financial statements
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