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2024-03-31-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 2024

KAISER NOUMAN NATHAN LLP

57 ALFRED STREET SPARKBROOK BIRMINGHAM B12 8JP

20 JANUARY 2025

P.132/NS/MS/HQ

PAKISTAN MUSLIM WELFARE ASSOCIATION

YEAR ENDED 31 MARCH 2024

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
6-8

PAKISTAN MUSLIM WELFARE ASSOCIATION

YEAR ENDED 31 MARCH 2024

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 2024.

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

20 January 2025

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 2024 which are set out on pages 4 to 8.

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 2024

INCOMING AND EXPENDITURE
INCOME AND ENDOWNMENTS FROM
Donations and Legacies
Voluntary Income
TOTAL
EXPENDITURE ON
CHARITABLE ACTIVITIES
TOTAL
NET INCOME / (EXPENDITURE)
FUNDS BALANCES B/F 1.4.23
FUNDS BALANCES C/F 31.3.24		 Notes
2024
2023
£
£
248,721
242,923
_______
_______
248,721
242,923
______
______
4
258,637
209,610
__
__
258,637
209,610
_
_
(9,916)
33,313
1,241,589
1,208,276
__
_______
1,231,673
1,241,589
========
========

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 2024

----- Start of picture text -----
Notes 2024 2023
£ £ £ £
FIXED ASSETS
Tangible Assets 2 925,548 937,424
CURRENT ASSETS
Cash at Bank & in hand 323,464 320,808
__ _
323,464 320,808
__ _
CREDITORS: Due within one year
Creditors 3 17,339 16,643
_ _
TOTAL ASSETS LESS CURRENT LIABILITIES 306,125 304,165
_ _
NET ASSETS 1,231,673 1,241,589
=========== ===========
FUNDS
Unrestricted 1,231,673 1,241,589
=========== ===========
----- End of picture text -----

The Financial Statements on pages 4 to 7 were approved by the Trustees on 16 January 2025 and signed on their by:

MR JAWAD IQBAL Secretary

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2024

PAKISTAN MUSLIM WELFARE ASSOCIATION

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:

Motor vehicles = 25% per annum on net book value 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’

PAKISTAN MUSLIM WELFARE ASSOCIATION

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2024

2.TANGIBLE ASSETS



COST
At 31 March 2023
Additions
At 31 March 2024
DEPRECIATON
At 31 March 2023
Charge for the year

At 31 March 2024
NET BOOK VALUE
At 31 March 2023
At 31 March 2024		 Freehold
Premises
£
1,328,358
-
___
1,328,358
409,620
26,567
___
_ 436,187
918,738
===========
892,171
===========		 Fixture Fittings
and Equipment
£
237,123
7,762
__
244,885
218,437
5,258
__
223,695
18,686
==========
21,190
==========		 Moter
Vehicle
£
-
13,000
____
13,000
-
813
813
-
==========
12,188
==========		 Totals
£
1,565,481
20,762
___
1,586,243
628,057
32,638
_____
_ 660,695
937,424
===========
925,548
===========










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 2024

3. CREDITORS 2024 2023
£ £
PAYE 12,443 11,858
Pensions 223 223
Wages Payable 4,673 4,562
___ ___
17,339 16,643
========= =========
4. CHARITABLE ACTIVITIES 2024 2023
£ £
Wages and NIC 65,092 69,115
Charitable Activities 33,765 17,911
Rent and Rates 3,112 2,230
Insurance 4,338 5,079
Telephone 943 531
Light and Heat 81,097 29,087
Repairs and Renewals 17,069 20,217
Pension 1,132 661
Accountancy 1,786 1,716
Travel - 2,168
Depreciation 32,638 32,796
Other Legal and Professional 17,665 28,099
_____ _____
258,637 209,610
=========== ==========

–8–