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2021-03-31-accounts

PAKISTAN MUSLIM WELFARE ASSOCIATION

BIRCHILLS STREET WALSALL WEST MIDLANDS WS2 8NF

F I N A N C I A L S T A T E M E N T S

YEAR ENDED 31 MARCH 2021

KAISER NOUMAN NATHAN LLP

57 ALFRED STREET SPARKBROOK BIRMINGHAM B12 8JP

P.132/NS/MS/HQ

28 JANUARY 2022

PAKISTAN MUSLIM WELFARE ASSOCIATION

YEAR ENDED 31 MARCH 2021

CONTENTS
ASSOCIATION INFORMATION
REPORT OF THE TRUSTEES
INDEPENDENT EXAMINERS REPORT
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE ACCOUNTS		 PAGE
1
2
3
4
5
6-7

PAKISTAN MUSLIM WELFARE ASSOCIATION

YEAR ENDED 31 MARCH 2021

ASSOCIATION INFORMATION

CHARITY REGISTRATION NUMBER 510845
CHAIRMAN DR SALEEM KHAN
VICE CHAIRMAN JAMSHED AHMED
TREASURER KHATIB BASHARAT
SECRETARY JAWAD IQBAL
ADDRESS BIRCHILLS STREET
WALSALL
WEST MIDLANDS
WS2 8NF
INDEPENDENT EXAMINERS KAISER NOUMAN NATHAN LLP
57 ALFRED STREET
SPARKBROOK
BIRMINGHAM
B12 8JP
BANKERS LLOYDS TSB BANK PLC
THE BRIDGE WALSALL

PAKISTAN MUSLIM WELFARE ASSOCIATION

REPORT OF THE TRUSTEES

The Trustees present their report and the Financial Statements for the year ended 31 March 2021.

FORMATION AND PRINCIPAL ACTIVITIES

Pakistan Muslim Welfare Association is a Charity Organisation. It is registered with the Charity Commissions (No. 510845) and constituted by Deed of Trust.

The Charity is administered by a Trust Committee.

The principal object of the Charity is to provide a Place of Worship, Religious Teachings and Education Centre for the benefit of the local community.

REVIEW OF ACTIVITY

A summary of the results for the year is given in the attached Statement of Financial Activities.

Funds are being held in banks to finance further building expansion which are planned for the near future.

TRUSTEES RESPONSIBILITIES

The Trustees are required to prepare financial statements for each financial year as required by the Charity Commission rules and regulations.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to ensure that the financial statements comply with the Charity Commissions rules. 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.

STATUS

Pakistan Muslim Welfare Association is a Registered Charity.

FOR AND ON BEHALF OF THE TRUSTEES

MR JAWAD IQBAL SECRETARY

28 January 2022

INDEPENDENT EXAMINERS REPORT

TO THE TRUSTEES OF

PAKISTAN MUSLIM WELFARE ASSOCIATION

We report on the accounts of the charity for the year ended 31 March 2021 which are set out on pages 4 to 7.

RESPECTIVE RESPONSIBILITIES OF OFFICERS AND EXAMINER

The charity’s officers are responsible for the preparation of the accounts. The charity’s officers consider that audit is not required for this year under Section 144(2) of the Charities Act 2011 (The 2011 Act) and that an Independent Examiner is needed.

It is our responsibility to:

BASIS OF INDEPENDENT EXAMINER’S STATEMENT

Our 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 or disclosures in the accounts and seeking explanations from you as Officers concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER’S STATEMENT

In connection with my examination, no matter has come to my attention:

Have not been met; or

Kaiser Nouman Nathan LLP 57 Alfred Street

Sparkbrook Birmingham B12 8JP

PAKISTAN MUSLIM WELFARE ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2021

INCOMING AND EXPENDITURE
INCOME AND ENDOWNMENTS FROM
Donations and Legacies
Voluntary Income
Other Income: Coronavirus Job Retention Scheme
TOTAL
EXPENDITURE ON
CHARITABLE ACTIVITIES
TOTAL
NET INCOME / (EXPENDITUIRE)
FUNDS BALANCES B/F 1.4.20
FUNDS BALANCES C/F 31.3.21		 Notes
2021
2020
£
£
164,444
131,221
11,765
-
_______
_______
176,209
131,221
______
______
5
121,461
109,147
__
__
121,461
109,147
_
_
54,748
22,074
1,044,438
1,022,364
__
_______
1,099,186
1,044,438
========
========

All of the above results are derived from continuing activities. All gains and losses recognised in the year are included above.

PAKISTAN MUSLIM WELFARE ASSOCIATION

BALANCE SHEET AS AT 31 MARCH 2021

Notes 2021
 2021
 2020
£ £ £ £
FIXED ASSETS
Tangible Assets 2 879,870 879,364
CURRENT ASSETS
Debtors 3 1,594 1,709
Cash at Bank & in hand 224,219 165,655
_____ _____
225,813 167,364
_____ _____
CREDITORS: Due within one year
Creditors 4 6,497 2,290
_ _
TOTAL ASSETS LESS CURRENT LIABILITIES 219,316 165,074
__ __
NET ASSETS 1,099,186 1,044,438
=========== ==========
FUNDS
Unrestricted 1,099,186 1,044,438
=========== ==========

The Financial Statements on pages 4 to 7 were approved by the Trustees on 28 January 2022 and signed on their by:

MR JAWAD IQBAL Secretary

PAKISTAN MUSLIM WELFARE ASSOCIATION

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

(a) Convention

The accounts have been prepared in accordance with the historical cost convention and in accordance with applicable accounting standards and the statement of Recommended Practice on Accounting by Charities.

(b) Depreciation

Depreciation is provided on tangible fixed assets in order to write off those assets over their anticipated useful lives. The bases and rates used are as follows:

Fixtures Fittings and Equipment = 25% per annum on net book value Freehold Property = 2% on Cost

Income is included in the income and expenditure account as soon as its receipt becomes due.

(d) Funds

In the opinion of the management committee, all the funds are ‘Unrestricted’

NGIBLE ASSETS
COST
At 31 March 2020
Additions

At 31 March 2021
DEPRECIATON
At 31 March 2020
Charge for the year

At 31 March 2021
NET BOOK VALUE
At 31 March 2020
At 31 March 2021		 Freehold
Fixtures Fittings
Premises
and Equipment
£
£
1,176,713
232,223
33,607
-
___
_

1,210,320
232,223
332,931
196,641
24,206
8,895
___
_

_ 357,137
205,536
843,782
35,582
===========
==========
853,183
26,687
===========
==========		 Total
£
1,408,936
33,607
__
1,442,543
529,572
33,101
__
_ 562,673
879,364
===========
879,870
===========

2. TANGIBLE ASSETS

The market value of the freehold property is estimated by the Management Committee to be in excess of £1,000,000.

PAKISTAN MUSLIM WELFARE ASSOCIATION

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2021

3. DEBTORS 2021 2020
£ £
Insurance 1,594 1,709
========= =========
4. CREDITORS 2021 2020
£ £
PAYE 3,462 2,220
Pensions 49 70
Wages Payable 2,986 -
Accountancy - -
___ ___
6,497 2,290
========= =========
5. CHARITABLE ACTIVITIES 2021 2020
£ £
Wages and NIC 34,668 33,466
Charitable Activities 8,600 -
Rent and Rates 4,980 1,828
Insurance 3,303 3,234
Telephone 298 461
Light and Heat 14,046 15,049
Repairs and Renewals 1,389 3,887
Printing Stationery - 1,235
Pension 275 414
Accountancy 1,937 1,716
Cleaning 4,716 -
Depreciation 33,102 35,395
Other Legal and Professional 14,147 8,494
Donations - 3,968
_____ _____
121,461 109,147
=========== ==========