AZAD KASHMIR WELFARE ASSOCIATION
OPERATING AS
A K CENTRE
STATEMENTS OF ACCOUNTS
FOR THE YEAR ENDED
31 MARCH 2021
Fintax CHARTERED CERTIFIED ACCOUNTANTS 888 Washwood Heath Road,, Birmingham, B8 2NB Telephone: 0121 784 1111
AZAD KASHMIR WELFARE ASSOCIATION
OPERATING AS A K CENTRE
STATEMENTS OF ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2021
LEGAL AND ADMINISTRATIVE INFORMATION
TRUSTEES
Mohammed Rasib ( President ) (appointed 19.2.2017) Sakhawat Hussain (Treasurer) Shamim Ahmed (appointed 19.2.2017) Sajda Rauf (appointed 19.2.2017) Saima Haroon (appointed 19.2.2017) Mariam Khan (appointed 19.2.2017) Dr Abida Begum (appointed 19.2.2017)
The trustees are appointed by the board of trustees for renewable terms of one year.
ADDRESS
The Centre's address is 68 Alum Rock Road, Birmingham, B8 1JA.
DATE OF COMMENCEMENT AND REGISTRATION NUMBER
The Centre was established by Trust Deed on 17 January 1985, and is registered with the Charity Commission, No 515922.
BANK
The Charity's banker are TSB Bank Pie, Saltley Branch.
ACCOUNTANTS
The Charity's accountants are Fintax , Chartered Certified Accountants, 888 Washwood Heath Road, Birmingham B8 2NB.
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AZAD KASHMIR WELFARE ASSOCIATION
OPERATING AS -AK CENTRE
STATEMENTS OF ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2021
REPORT OF THE TRUSTEES
The trustees present their report along with the statements of accounts for the charity for the year ended 31 March 2021. The statements of accounts have been prepared in accordance with the accounting policies set out on page 9 and comply with the charity's constitution and applicable law.
CONSTITUTION
The Association is governed by its constitution.
THE OBJECTIVES OF THE ASSOCIATION
The main objectives of the Association are to provide residents of Birmingham:
-
[a] an advice and information centre which deals with the problems of housing, employment, welfare rights, immigration and nationality arid similar problems;
-
[bl a centre to facilitate their education and cultural training ;
-
[ C] information on health related issues;
-
[ d l facilities to encourage leisure and recreational activities;
[ e] a platform to promote good relationship between Asian community and other racial groups.
ORGANISATION
The trustees who have served during the year are set out on page 1. Trustees are appointed by the board of trustees and serve for one year after which period they may put themselves forward for re - appointment. Trustees meet quarterly to review the progress made during the year and to discuss the issues relevant to the Association's activities.
REVIEW OF PROGRESS AND ACHIEVEMENTS AND FUTURE STRATEGY
The Association has continued to operate during the year to achieve the objectives outlined above and plans to continue these activities in the forthcoming years · subject to satisfactory funding arrangements.
The trustees are satisfied that the activities undertaken by the Association during the year are in accordance with its objectives.
RESERVES POLICIES
It is the policy of the Association to maintain unrestricted funds, which are the free reserves of the Association, at a level which provides sufficient funds to cover management, administration and support costs for approximately six months.
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AZAD KASHMIR WELFARE ASSOCIATION
OPERATING AS -AK CENTRE
STATEMENTS OF ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2021
REPORT OF THE TRUSTEES ( Continued ... )
RISK MANAGEMENT
The trustees have examined the strategic, business and operational risks which the Association faces and confirm that systems have been established to enable regular reviews so that the necessary steps can be taken to reduce these risks.
FINANCIAL REVIEW
The attached statements of accounts show the current state of the finances which the trustees consider to be sound.
TRUSTEES' RESPONSIBILITIES IN RELATION TO THE STATEMENTS OF ACCOUNTS
The trustees are responsible to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Association and of the Income and Expenditure of the Association for that period. In preparing those accounts, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
• state whether applicable accounting standards and statements of recommended practice have been followed subject to any departure disclosed and explained in the statements of accounts; and
• prepare the statements of accounts on the going concern basis unless it is inappropriate to presume that the Association will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Association and to enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Association and hence for taking reasonable steps for prevention and detection of fraud and irregularities.
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Accountants' Report to the Trustees on the Unaudited Accounts of AK Centre
In accordance with the engagement letter dated 1 October 2017, and in order to assist you to fulfill your duties under the Companies Act 2006, we have compiled the financial statements of the charity which comprise the Statement of Financial Activities, and the related notes from the accounting records and information and explanations you have given to us.
This report is made to the Charity's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Charity's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's Board of Directors, as a body, for our work or for this report.
We have carried out this engagement in accordance with technical guidance issued by the Association of Chartered Certified Accountants and have complied with the ethical guidance laid down by the Association relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet as at 31 March 2021 your duty to ensure that the charity has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the charity is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Fintax
Chartered Certified Accountants 888 Washwood Heath Road Fox & Goose Birmingham B8 2NB
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AZAD KASHMIR WELFARE ASSOCIATION
OPERATING AS A K CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| NOTES INCOMING RESOURCES Activities to further the charity's objects: Grants / Donations / Immigration work 2 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Wages & NIC 3 JRS Grant Pension Rent, Rates & Insurance Telephone Light & Heat Printing, Postage & Stationary OSIC fees Office Cleaning Repairs Advertising Hire of plant and machinery Sundry Expenses Depreciation Management & Administration of the Charity 5 TOTAL RESOURCES EXPENDED NET (OUTGOING)/INCOMING RESOURCES Fund Balance Brought Forward FUND BALANCE CARRIED FORWARD |
2021 £ 163,757 163,757 106,598 (16,229) 1,996 10,392 1,857 1,402 1,256 - 127 2,351 310 307 614 354 111,335 17,889 17,889 129,224 34,533 31,796 66,329 |
2021 £ 163,757 163,757 106,598 (16,229) 1,996 10,392 1,857 1,402 1,256 - 127 2,351 310 307 614 354 111,335 17,889 17,889 129,224 34,533 31,796 66,329 |
2020 £ 115,081 |
2020 £ 115,081 |
|
|---|---|---|---|---|---|
| 115,081 81,273 - - 9,187 2,061 2,456 814 575 443 - - - 480 363 |
|||||
| 97,652 | |||||
| 13,046 13,046 110,698 4,383 27,413 |
|||||
| 31,796 |
The notes on pages 7 to 9 form part of these accounts.
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AZ.AD KASHMIR WELFARE ASSOCIATION
OPERATING AS - AK CENTRE
BALANCE SHEET AS AT 31 MARCH 2021
| BALANCE SHEET AS AT 31 MARCH 2021 | |||
|---|---|---|---|
| 2021 | 2020 | ||
| NOTES | |||
| £ | £ | ||
| FIXED ASSETS | |||
| Fixtures&Fittings | 6 | 2,004 | 2,058 |
| CURRENT ASSETS | |||
| Debtors | 7 | 0 | 0 |
| Bank | 101,450 | 52,303 | |
| 101,450 | ~~52,303~~ | ||
| CURRENT LIABILITIES | |||
| Trade Creditors&Accruals | 8 | 37,125 | 22,565 |
| 37,125 | ~~22,565~~ | ||
| NET CURRENT ASSETS | 64,325 | 29,738 | |
| NET ASSETS | 66,329 | ~~31,796~~ | |
| represented by | |||
| FUNDS | |||
| UNRESTRICTED INCOME FUNDS | |||
| General Purposes Fund | 66,329 | 31,796 | |
| Signed on behalf of the board of trustees | |||
| Mohammed Rasib | - Chairman of Trustees |
Sakhawat Hussain - Treasurer
Approved by the board on ______
The notes on pages 9 to 11 form part of these accounts.
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AZ.AD KASHMIR WELFARE ASSOCIATION
OPERATING AS -AK CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021
1 ACCOUNTING POLICIES
Basis of Accounting
The Statements of Account have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting by Charities.
Depreciation
Depreciation is provided on tangible fixed assets to write them off over their expected useful lives at the following rates:
Fixtures & Fittings - 15% p.a reducing balance basis
Incoming Resources
All incoming resources are recognised once the Association has entitlement of the resource, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. Incoming resources from grants, where there are performance or service deliverables required by the terms of the grant are accounted for as the Association earns the right to payment through its performance. Grants where entitlement is not conditional on the delivery of a specific performance by the Association are recognised when the Association becomes unconditionally entitled to the grant.
Resources Expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Association to the expenditure. All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category.
| GRANTS The Pilgrim Trust HS2 Grant Trusties of Green ITO Big Lottery Fund Charity donations and Immigration work Birmingham Public Health Covid 19 Response Community for National Other grants STAFF COST Salaries Social Security Cost |
2021 2020 £ £ - 3,500 11,294 24,721 1,000 4,000 - 43,760 91,196 39,100 10,000 - 35,000 1,467 13,800 |
|
|---|---|---|
| 163,757 115,081 102,980 72,000 3,618 9,273 106,598 81,273 Page 7 |
2
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AZAD KASHMIR WELFARE ASSOCIATION
OPERATING AS -AK CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021
| 2021 4 AVERAGE NUMBER OF EMPLOYEES The average number of employees calculated on a full time equivalent basis were 5 Number of Employees earning £60,000 or above: 5 MANAGEMENT & ADMINISTRATION OF THE CHARITY Accountancy & Audit 1,000 Consultancy Fees 16,889 -------------- 17,889 6FIXED ASSETS COST As at 1 April 2020 Addition As at 31 March 2021 DEPRECIATION As at 1 April 2020 Charge for the year As at 31 March 2021 NET BOOK VALUE As at 31 March 2021 As at 31 March 2020 |
2021 4 AVERAGE NUMBER OF EMPLOYEES The average number of employees calculated on a full time equivalent basis were 5 Number of Employees earning £60,000 or above: 5 MANAGEMENT & ADMINISTRATION OF THE CHARITY Accountancy & Audit 1,000 Consultancy Fees 16,889 -------------- 17,889 6FIXED ASSETS COST As at 1 April 2020 Addition As at 31 March 2021 DEPRECIATION As at 1 April 2020 Charge for the year As at 31 March 2021 NET BOOK VALUE As at 31 March 2021 As at 31 March 2020 |
2020 4 |
|---|---|---|
| 1,000 12,046 13,046 |
||
| FIXTURES &FITTINGS £ 43,856 300 44,156 41,798 354 42,152 2,004 2,058 Page 8 |
||
AZAD KASHMIR WELFARE ASSOCIATION
OPERATING AS - AK CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021
| 7 DEBTORS Other Debtors 8 CREDITORS Bank Overdraft Creditors PAYE Wages Pension |
2021 £ 2020 £ 0 0 |
|---|---|
| 0 0 |
|
| 0 0 26,843 2,866 7,097 318 22,565 - - - |
|
| 37,125 22,565 |
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