Kashmir Muslim Welfare Association Annual Report and Financial Statements Charity No. 514037 For the Year Ended 31 December 2024
Kvdshmir Muslim Welfatt Association FinAncig1 Statements Year ended 31 December 2024 Contents Page l£gal & admin information Report of the Trte¢S IndepeDdent Examinetrs report to the memb Statement of Financial Activities (IDcorwiratiDg the income and expenditure account) Statement of Financial Position Notes to the fllwKial statements 7-13 Contents
Kashmir Muslim Welfgre A&qoeiAtion Trustees, Annual Report Year ended 31 December 2024 The trustees present their report and the unaudited fllwKial statements of the chanty for the year end¢d 31 DeCber 2024 Registered charity Dame: Kashmir Musllln Weltare Associauon Charity registration number. 514037 Registered offiee: Catherine Grove LSI16LU Cbairnian of Trustees: Kabir Majid Treasurer: Noor Z2man Dad Faisar Sljan Trustees: A Qayyum M SIMfiq L Hussain K Mahmood S Mahmo(Ml K Majid Aeeountants: RDA Financial Accountants Limttcd Unit & 82 James Carter Road Mildcnhall IP28 7DE Bankers: HSBC 33 Park Row LSI IBS Virgin Money 94-96 Briggate LSI 6NP Admin InforntiOn . Page I
Kgshmir Muslim Welfare Aysoeiation Trusteey, Annual Report Year ended 31 Dmber 2024 Structure? governance and management The tnisteL% pre8ent th¢ir r¢port aThl the finaucial statements for the year ended 31 December 2024. The Inistees who Sed during th¢ p10d and up to the date of this report ar¢ identified on page l. Governing Document The Charity is an unincorporatrd charity govcmed by a written constitution adopted by its mcmlxTS. Ther¢ are 00 restrictio% in the governing document on the operation of thc charity or on its investhient powers, other than those imp)sed by general clwi'ty law. Recruitment and AppoiDtment of Trustees Trustee Induction and Trnining OrganisatioDal Structure Chairman (Unpaid) - Kabir Majid Treasurer (Unpaid) . Noor ZamaD Dad Secretsry (Unpaid) . Faisar Shan V0hteerS. Volunteers help out as and whcn required. Trustc¢s meet regularly (the intention is monthty) to discuss and plan ObjIlv£S and Ampl¢mentation there of. Matt¢r of 8¢neral concern are rdiscd with all membe Objectives and Activitics The charity is governed by a trust deed, a written constitution in which its objttiives are set OUL are advancement and propagatlon of Islam and its social and cultural ordcr providing facilities 2nd s¢rvices for social, cultural. educational and r¢u¢ational purposes. Trustee Induction and Training Risk Management Reserves Poli Achievement5 and performance Financial Revie The charity reported a total surplus of £41.580 (2023: _£14,404) (all unrestricted fu[S) for the year ended 31 st December 2024. Total reserves to be carried forward to next year are £3,180.150 (2023: £3,138.570) (all unresthc*d funds). Plans for future period5 Trustees Report- Page 2
Kashn)ir Muslim Welfare Assoeialion Trustees, Annual Report Yegr ended 31 December 2024 Trustees Responsibilities statement The TteeS are Twonsibl¢ for prq)aring the Report of the T[stee5 atKI th¢ financial sLitemcnts in accoIdantt with applicable law aNI Unitcd Kingdom Accounting Standards {GeneraUy Accepted AccouDting Practice). Law applicable to charities in England and Wal&s requi[ the Tne¢S to prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the ckthrity and the incom¢ and expendiluTe of the charity for that period. In preparing thes¢ financi stst¢D)enL% the Tn are requir&l to: •Select suitable accounting policies and then appty them conststeDtIy, •Observe the methods and principles in the Charities SORP" •Mak¢ judgcments and xcounting estimates tbat are reasonable and pnMlenL' •Stste whether applicable Accounting Standards and Statrnts of Recommended Practtce havc b¢¢n follow¢d subject to any material departures disclosed and explainal in the fllwicial ststements: and .PTcpate th¢ fllwKial ststemcnts on the going concern basis unless it is inappropriate to presume that the ckwity will continue in operation. The Trusteeg are responsible for keeping adequate accounting records that are sufficient to show and explain the ¢han"ty's transactsoThs and disclose with reasonable accuracy at any time the fllwiCi position of the chan'ty and CDable them to eSUre that the fll)ancial statements comply with the Charities 201 l. the Charity (Accounts and Rq)orts) Regulations and the provisions of the trust deed. The Trustees are a150 rcsponsible for 5af¢guardillg the as of the charity and hence for takmg reasonable steps for the prevention and d n of fraud and other intgularitie& K4bir MAji Chair of Tn4S Date: Trustec5 RqK)rt . Page 3
KAshmir Muslim Welfare ASSltiOn Independant Examiner's Report to the Trnsteej of Kashmir Muslim Welfare Aggociation Year ended 31 December 2024 Independent Examiner I report to the Inee5 on my examination of the financial statements of Kashmir Muslim Welfare Association for the y¢ar ¢lld 31 Dec¢mber 2024. Respertive respoDstt•iknes of Ihe TTUSteu and Examiner As the trustees of the cbarity you a responsible for the preparation of the financial ststements in accordance with the requircmcnts of th¢ Cbarities Act 2011 ('the Act,). I report in respect of my examination of the clwitys financial statements carricd out under s¢dion 145 of the 201 l Act and in canying out my examirmtion I have followed all the applicable Di¢t10nS given by the Chatity Commi&sion und¢r CtIOn 145(5Xb) of the ACL Independent examiner's statement I have completed my examination. I CODfirn] that no material matters have come to my att¢ntion in connection with the examination VIng me cause to believe that in any rnat¢rial respect: l. a¢counting records were Dot kcpt in rc4)ect of the charity &$ rcquircd by section 130 of the Act. or 2. the fujancial statem¢nts do not accord with those reixjrds. or the forni and content of accounts set out in the Cl)arities (Accounts and RetK)rts) Regulations 2008 oth¢r than any requirement that the accounts give a 'lnie atKI fai view which is not a matter considered as part of an independent examination. I have no concerns a1 have come acm&s no other matters in connectioo wtth the exarnination to which attention Should be drawn ID this rq>ort in order to cnablc a proper understanding of the accounts to be rh¢(L Rohan Ali AFA MIPA Idependanl aaminer For and on behalf of RDA Financial Accounlants Limiied Unit & 82 James Carter Road Mild¢nball IP?A 7r)F.
Kashmir Muglim Welfare As50Ci•tion Ststement Of Financial Actsvths Year ended 31 December 2024 Yar Emded 31112ll024 Totsl Year E*d 3111212023 Totsl Not¢ Incoming Resources Donations and ftS Other Trading Activities - Fundraising Other Totsl incomin£ resources 73284 73284 101,615 98.609 171,892 91J79 192,994 171892 Eipenditure on: Expenditure on Clwitable Events (130.3 13) (130J13) (20W7) Total Resourcej Eipended (130,313) (130JI3) (211655D Net ineoming Resourc Before Transfers 41J80 41J80 (13.564) Transfer between funds Net Surplus for the Period 41.580 41J80 (13J64) Net movement in Funds 41.580 41J80 {13J61) Total funds broughi fonvard 3.139,410 3,139,410 3,t5{974 TotAI Funds Carries Forrd 3,180.990 3.180,990 3,139,410 The statetlttl of fmancial activitics ]ludeS all gaios a1 Iosscs in the Ycar a1 thc 8eparate statenrnt of totsl recognised gal aThl lo kn rnt Ixen prq>are All of the alK)v¢ a[ullts relate to continuing xtivit. SOFA- Page S
Kashmir Muslim Welfare AssoeiatiOD ststement Of Financial Position Yegr ended 31 December 2024 3111212024 Totsl 3111212023 Totsl Fixed Assets Tangible Assets 3.(kn3.396 3,063,396 3,063,396 3,063,396 Current Asjets Debtors Cash at bank and in hand io 116.754 116.754 76,103 76.103 Creditors: Amounts falling due within 00¢ period Trade Creditors PAYE Accruals Deferred IOn 11 {89) (840) {929) Net Current Asyets 116.754 75,174 Total Assets IS Current Liabilit 3,180,150 3.138.570 Funds unrestrict income funds 3.180,9 3.138.570 Total funds 3.180.99Y) 3,138,570 These fllwicial ststements were approved by the rncmbe of th¢ committ¢¢ and authorised for issue on on their behalf by: Kabir Majid Date: i].c)g.L SOFP- Page 6
Notes to the Financial Ststements Year ended 31 December 2024 ACCOUNTING POLICIES BaJi¢ of Accounting The financial statenxnts havc ixen wepared the bistor1 cost Lx)nvcntx)Th cxcq)t for in accordatKC Witb applKabk United Kmgdom accounting sndards (FRS 102 . cff¢ctive I January 2015) •nd the requirenrnts of the Staiement of Recon1¢d PractK¢'Accountmg aDd ReFX)rtin8 by cTEll. ¢ffc¢tiv¢ l January 2015 {SORP 2015). Going Concern The Trusttts have reasoDabk ¢Tr4uirKs inchHIll r¢vThin8 existing kv¢b of doDatK)ns to enabk to forni & r¢asonabk eX[¢t8th)n that the charity adequ&te resaves w continue in owational existen¢c for the for8¢cabk future. Accordingty, continue to thpt the goll Cash floTv Ststement The Trustees trove takeD advantage of th¢ cxcnyxiD ID Fin)CIal Ryrting Stath No I (revised) from iwhmling a cash fiow slatemcllt in the fClaI statcrncnts on th grouThL8 that the cbarity is snmll. Fund Accounting Unrestricted fim&8 ar¢ avallabk for use at th¢ di%[rfll of the TnCeS in flltber of the general obFctives of the charity. Incoming resource8 ¢ntitkd to the I[Kon and thc atM)unt can be quantllfi witb re4gonabk ac¢ura¢y. All illconk is derived from dOnatn9, fium1]ng or grall The clwity does wt bavcany i activities. The followin8 SP1& FK)Jicies are applied to partKuJar categorns of irKonx: Vohmtary itKonr is received by way of grant& doDK)L8 ond gtfts is irKhKled in full in the StatellKnt of Finla1 Activities when rrtfftbk. Graot& wlKre cntitknxnt is )t coNlitiODal on the delivery of a perfOrUe by the clty, are T¢gniSed when the ¢barAty beconm UttolIti0 cntitkd to tk grant. Donated servw and faeilities gre iockkd at the vakn to the clwiry where tbi% can account& Notes - Page 7
Notes to the Finaneial Ststements Year ended 31 December 2024 ACCOUNTING POLICIES (tontinued) ReJourrvJ eApcDd¢d cannot b¢ re¢ovLTrrcd, and is rcportal as prt of th¢ to WI it relates: its 8Cttvities and wvtts for its ben&iaTtt It iludl tK)th costs that can k allOted drtly to such activities aDJ tlK)sc costs of an itr11r1 Djture to wrt thenL stralcgK managuwit of the Clwity. Fixed Ajaets Fixed a35ets (exch]ng investi) are Sed at cost Jess acajmulated d•iatiorn The costs of minor a(&th'tK)ns ar¢ Th)t capitslML Depreciation Dcprtt110n is cakulated 80 &8 to write off the cost of an k&$ estimated resM4ual value. ovcr the USefi economic life of that ass¢t as foJk)ws: Plant and Machinery Governance and Support Costs Support costs have been thed betw¢cn goVernae a1 other suppjrt Costs. GoveTnantt costs comprise all coyts involvin8 public accountsbility of the charity aThl its conpliae with reguJatK)n a1 good practise. Support costs ate those fU10Th8 that tsskst (k Work of the charity It (k) not dsrectty uAyJerte charitabk activities. Supp>rt costs ioclude centrnl fu1?8 aTrJ hve bc¢n alk)catcd to activity cost activilies on a basis cOL4tnI with the ¢ of rex)urce5. Notes - Page 8
Notes to the Finsncial Statements Year ended 31 December 2024 2. DONATIONS AND LEGACIES Totsl Total FUlS 2024 Fund) 2023 Donations Individiual includiD8 8rft axl 73284 73384 101.615 73.284 73284 101.615 3. INCOMING RESOURCES FROM CHARITABLE ACmTITtES Totsl 2024 Total Funds 2023 4. OTHER INCOME Totsl Total FuThls 2023 Futsas 2024 S¢l]ool edUcatn&1 incomt Rent s4,8.75 43,7. 48259 28,120 15,OtM) 43.7(Kl 98.609 98.(rt18.75 91,379 Notes - Page 9
Notes to the Financlal Ststements Year ended 31 DeceDiber 2024 S. EXPENDYfuRE ON CHARITABIE ACTIVITIES Total 2024 Total Funds 2023 Inmm Wages School. Exp¢Th8es Scbool . TberS Costs FunctIonEVen Printing, Postage & Statwttry Tckphon¢ Building Runnin8 Cost Buildllig Repairs Equipnxnt Expenscd Bank Charges & InÈer¢st 30,313 750 61,772 30a13 750 61.772 2&743 2.713 4&777 3.71x1 490 27,387 4,930 2,359 27J 930 2J59 87J40 743 513 130J13 130J13 6. STAFF COSTS 2024 2023 Salaries & Wages En4)105 National Insur En4)Jo)rtry Pension ContTfixrtion Total Av¢ra8e nunthr of ¢10yeeS 7. NET llYCOMING RESOURCES FOR THE YEAR 2024 2023 This is stated after charging". D¢preciaiK)n Notes - Page 10
Notes to the Financial Statements Yur ended 31 December 2024 8. RELATED PARTY DISCLOSURE anN)unting to £nil (2023: £nil) were reimiwrsed to Tn¢¢$. No Trustee or other person relatd to the clwity Iw any Person Intere in any contract or (ransaction Cn¢ by th¢ charty (lurin8 the year tberefore, there were lated transactions to dksclos¢. TANGIBLE FIXED ASSETS Plant I1 Machu Tot Cost: At Decents 2023 3,063.396 3)96 Additioos At DcttD*¢r 2024 3.063.396 3.063J96 Depreti#¢ion: At Decenkn 2023 Charg¢ for the At Decemkn 2024 et Isook Value Detember 2024 3,063,396 3,063a96 Llet Ilook Value December 2023 3,1kn3,396 3,063J96 land and BUttdll arc freehok The following prOtleS are Irha: KMWA Hardy Street, Leeds LSI16BJ 3 Hardy Strect. Lced& LS I16BJ 51 Teowt Roa4 Lecd& LSI16BJ 118 Crossfiatts Grove, W LSI17NJ 2 Hardy Streel, Leed& LS I16BJ 2,5(KI,(KKI 2(K).IXK) 75.(KKI 75.(KKI 124.435 88.961 3.063J96 Notes- Page 11
Notes to the Financial Statements Year ended 31 December 2024 10. DEBTORS 2024 2023 PrepaymeDts & Accrned Ineon I I. CREDrfoRS: Amounts falling due within one year 2024 2023 Creditors PAYE 929 Notes - Page 12
oteg to the FiDancial Statements Year ended 31 December 2024 12. RESTRICTED INCOME FUNDS 01.OJ.24 31.12.24 Purpow OrRestiirt kncome FwDds 13. UNRESTRICTED INCOME FUNDS Balwe at 01.01.24 (hjtgoing 31.12.24 3,138,570 171,892 (130JI3) 3,I80,I50 3.138.570.IX> 171,892.47 (130,313) 3.180.91K> Notes - Page 13