REGISTERED CHARITY NUMBER: 272508
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
DAWOODI BOHRA WELFARE SOCIETY IN GB
44 Chapman Crescent Harrow HA3 0TE
Kesaria & Co. Ltd Chartered Certified Accountants
DAWOODI BOHRA WELFARE SOCIETY IN GB
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024
| 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 |
DAWOODI BOHRA WELFARE SOCIETY IN GB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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
19 Dene Hollow Birmingham B13 0EG
Trustees
Aquil Rajabali Shamma Vanat Tariq Kapasi Javed Kapadia Imtiaz Sulemanji Afroze Jiwani Raheem Sulemanji Imran Kapasi Imtiaz Dungarwalla
Independent Examiner
Kesaria & Co. Ltd Chartered Certified Accountants 44 Chapman Crescent Harrow HA3 0TE
Approved by order of the board of trustees on 29 January 2025 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 2024.
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
29 January 2025
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DAWOODI BOHRA WELFARE SOCIETY IN GB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2024
| INCOME AND ENDOWMENTS FROM Notes Donations and legacies Gift Aid 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 |
Unrestricted fund £ 48,457 12,066 - 47,288 |
Unrestricted fund £ 48,457 12,066 - 47,288 |
Restricted fund £ - - - - |
31.3.24 Total funds £ 48,457 12,066 - 47,288 |
31.3.23 Total funds £ 46,421 2,814 195 36,265 |
|---|---|---|---|---|---|
| 107,811 80,269 18,481 |
- - - |
107,811 80,269 18,481 |
85,695 53,024 18,939 |
||
| 98,750 | - | 98,750 | 71,963 | ||
| 9,061 | - | 9,061 | 13,732 | ||
| 501,507 | 7,000 | 508,507 | 494,775 | ||
| 510,568 | 7,000 | 517,568 | 508,507 |
The notes form part of these financial statements
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DAWOODI BOHRA WELFARE SOCIETY IN GB
| FIXED ASSETS Tangible assets CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds Restricted funds TOTAL FUNDS |
BALANCE SHEET 31 March 2024 Notes Unrestricted fund £ 5 10,291 500,277 - 510,568 510,568 510,568 6 |
BALANCE SHEET 31 March 2024 Notes Unrestricted fund £ 5 10,291 500,277 - 510,568 510,568 510,568 6 |
BALANCE SHEET 31 March 2024 Notes Unrestricted fund £ 5 10,291 500,277 - 510,568 510,568 510,568 6 |
BALANCE SHEET 31 March 2024 Notes Unrestricted fund £ 5 10,291 500,277 - 510,568 510,568 510,568 6 |
Restricted fund £ - 7,000 - |
31.3.24 Total funds £ 10,291 507,277 - 517,568 517,568 517,568 510,568 7,000 517,568 |
31.3.23 Total funds £ 30,551 477,956 - |
|---|---|---|---|---|---|---|---|
| Notes 5 6 |
|||||||
| 510,568 | 7,000 | 508,507 | |||||
| 510,568 | 7,000 | 508,507 | |||||
| 510,568 | 7,000 | 508,507 | |||||
| 501,507 7,000 |
|||||||
| 508,507 |
The financial statements were approved by the Board of Trustees and authorised for issue on 29 January 2025 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 2024
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. ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| Sports Day | - | 195 |
| Total | - | 195 |
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DAWOODI BOHRA WELFARE SOCIETY IN GB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2024
3. INVESTMENT INCOME
| INVESTMENT INCOME | |
|---|---|
| Rents received Bank Interest Received |
31.3.24 31.3.23 £ £ 43,556 35,285 3,732 980 |
| 47,288 36,265 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31
March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
5. TANGIBLE FIXED ASSETS
| COST OR VALUATION At 1 April 2023 Additions Disposals At 31 March 2024 DEPRECIATION At 1 April 2023 Charge for year At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 |
Freehold Property £ 11,012 - (1,778) 9,234 - - - 9,234 11,012 |
Leasehold improvements £ 72,157 - - 72,157 54,117 18,040 72,157 - 18,040 |
Equipment £ 10,811 - - 10,811 9,312 443 9,755 1,056 1,499 |
Total £ 93,980 - (1,778) 92,202 63,429 18,483 81,912 10,291 30,551 |
|
|---|---|---|---|---|---|
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 2024
6. 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 1.4.23 £ in funds £ 31.3.24 £ 501,507 9,061 510,568 7,000 - 7,000 |
|---|---|
| 508,507 9,061 517,568 |
|
| Incoming resources £ Resources expended £ Movement in funds £ 107,811 (98,750) 9,061 - - - |
|
| 107,811 (98,750) 9,061 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024 or for the period ended 31 March 2023.
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