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 2022
KAISER NOUMAN NATHAN LLP
57 ALFRED STREET SPARKBROOK BIRMINGHAM B12 8JP
P.132/NS/MS/HQ
24 JANUARY 2023
PAKISTAN MUSLIM WELFARE ASSOCIATION
YEAR ENDED 31 MARCH 2022
| 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 2022
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 NOUMAN SHAHZAD, FCCA KAISER NOUMAN NATHAN LLP 57 ALFRED STREET SPARKBROOK BIRMINGHAM B12 8JP BANKERS LLOYDS TSB BANK PLC THE BRIDGE WALSALL
- 1 -
PAKISTAN MUSLIM WELFARE ASSOCIATION
REPORT OF THE TRUSTEES
The Trustees present their report and the Financial Statements for the year ended 31 March 2022.
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
24 January 2023
- 2 -
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 2022 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:
-
examine the accounts under Section 145 of the 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
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:
-
1 which gives me reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with Section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act.
Have not been met; or
- 2 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Nouman Shahzad, FCCA
Kaiser Nouman Nathan LLP 57 Alfred Street Sparkbrook Birmingham B12 8JP
-
24 January 2023
-
3 -
PAKISTAN MUSLIM WELFARE ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2022
| Notes | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | ||
| INCOMING AND EXPENDITURE | |||
| INCOME AND ENDOWNMENTS FROM | |||
| Donations and Legacies | |||
| Voluntary Income | 254,460 | 164,444 | |
| Other Income: Coronavirus Job Retention Scheme | - | 11,765 | |
| _______ | _______ | ||
| TOTAL | 254,460 | 176,209 | |
| ______ | ______ | ||
| EXPENDITURE ON | |||
| CHARITABLE ACTIVITIES | 5 | 145,370 | 121,461 |
| __ | __ | ||
| TOTAL | 145,370 | 121,461 | |
| __ | __ | ||
| NET INCOME / (EXPENDITUIRE) | 109,090 | 54,748 | |
| FUNDS BALANCES B/F 1.4.21 | 1,099,186 | 1,044,438 | |
| __ | _______ | ||
| FUNDS BALANCES C/F 31.3.22 | 1,208,276 | 1,099,186 | |
| ======== | ======== | ||
| All of the above results are derived from continuing activities. | All gains and | ||
| losses recognised in the year are included above. |
- 4 -
PAKISTAN MUSLIM WELFARE ASSOCIATION
BALANCE SHEET AS AT 31 MARCH 2022
| Notes | 2022 |
2022 |
2021 | ||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| FIXED ASSETS | |||||
| Tangible Assets | 2 | 932,768 | 879,870 | ||
| CURRENT ASSETS | |||||
| Debtors | 3 | 1,581 | 1,594 | ||
| Cash at Bank & in hand | 287,184 | 224,219 | |||
| _____ | _____ | ||||
| 288,765 | 225,813 | ||||
| _____ | _____ | ||||
| CREDITORS: Due within one year | |||||
| Creditors | 4 | 13,257 | 6,497 | ||
| _ | _ | ||||
| _____ | _____ | ||||
| TOTAL ASSETS LESS CURRENT | LIABILITIES | 275,508 | 219,316 | ||
| __ | __ | ||||
| NET ASSETS | 1,208,276 | 1,099,186 | |||
| =========== | ========== | ||||
| FUNDS | |||||
| Unrestricted | 1,208,276 | 1,099,186 | |||
| =========== | ========== |
The Financial Statements on pages 4 to 7 were approved by the Trustees on 24 January 2023 and signed on their by:
MR JAWAD IQBAL Secretary
- 5 -
PAKISTAN MUSLIM WELFARE ASSOCIATION
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2022
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
(c) Income
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 2021 Additions At 31 March 2022 DEPRECIATON At 31 March 2021 Charge for the year At 31 March 2022 NET BOOK VALUE At 31 March 2021 At 31 March 2022 |
Freehold Fixtures Fittings Premises and Equipment £ £ 1,210,320 232,223 85,486 - ___ _ 1,295,806 232,223 357,137 205,536 25,916 6,672 ___ _ _ 383,053 212,208 853,183 26,687 =========== ========== 912,753 20,015 =========== ========== |
Total £ 1,442,543 85,486 __ 1,528,029 562,673 32,589 __ _ 595,262 879,870 =========== 932,768 =========== |
|---|---|---|
2. TANGIBLE ASSETS
The market value of the freehold property is estimated by the Management Committee to be in excess of £1,000,000.
- 6 -
PAKISTAN MUSLIM WELFARE ASSOCIATION
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2022
| 3. | DEBTORS | 2022 | 2021 |
|---|---|---|---|
| £ | £ | ||
| Insurance | 1,581 | 1,594 | |
| ========= | ========= | ||
| 4. | CREDITORS | 2022 | 2021 |
| £ | £ | ||
| PAYE | 7,880 | 3,462 | |
| Pensions | 3 | 49 | |
| Wages Payable | 5,374 | 2,986 | |
| Accountancy | - | - | |
| ___ | ___ | ||
| 13,257 | 6,497 | ||
| ========= | ========= | ||
| 5. | CHARITABLE ACTIVITIES | 2022 | 2021 |
| £ | £ | ||
| Wages and NIC | 65,066 | 34,668 | |
| Charitable Activities | 2,787 | 8,600 | |
| Rent and Rates | 3,177 | 4,980 | |
| Insurance | 3,175 | 3,303 | |
| Telephone | 424 | 298 | |
| Light and Heat | 23,088 | 14,046 | |
| Repairs and Renewals | 3,056 | 1389 | |
| Printing Stationery | 790 | - | |
| Pension | 153 | 275 |
|
| Accountancy | 1,608 | 1,937 | |
| Cleaning | - | 4,716 | |
| Travel | 3,323 | - | |
| Depreciation | 32,588 | 33,102 | |
| Other Legal and Professional | 6,135 | 14,147 | |
| _____ | _____ | ||
| 145,370 | 121,461 | ||
| =========== | ========== |
- 7 -