AZAO IC4SHMIR LFARE ASsOcTiON OPERAT]NG AS A K CERE STATEMENTS OF AccouKrs FOR THE YEAR ENDED 31 MARCH 2024 Fint&x CHARTERED CERTIFIED ACCOUNTANTS 888Washwood M•¥th Ro3 rM1ba, B8 2148 Te19ghone." 0121 704 1111
AZAD KASHMR WELFARE ASSOCiATION OPERA71NG AS A K CENTrE STATEMENTS OF ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 LEGAL AND ADMINISTR4ThE INFORMATION TRUSTEES Mohammed Flasib Sakhawat Hussain Shameem Ahmed Sajda Rauf Saima Haroon Mariam Khan DrAbid8 Begum (President) ffreasurer) (appointed 19.2.2017) {8ppoirrted 19.2.20171 (appointed 19.2.20171 (appointed 19.2.20171 (appointed 19.2.201n (appointed 19.2.2017) The tNstees are appoint by the board of trustees for eable terms of one year. ADDRESS The Centre's address is 68 Alum Rock Road. Birmingham. B8 1JA. DATE OF COMMENCEME AND REGISTrATION NUMBER The ntre was established by Tnjst Deed on 17 Januay 1985, arKt 1$ registered wth the Charity Commission. No 515922. BANK The Chaiity's banke are TSB Bank Plc. Saluey Branch. AccouNTA[S The Charity's accountants are Fintax, Chartered Certrfied AGcountant$. 888 washl0d Heath Road. Bimingham B8 2N8. Pag& 1
AZAD KASHMIR WELFARE ASSOCIATtON OPERAThNG AS 4K cEIRE STATEMEKfs OF ACCOUNTS FOR TrtE YEAR ENDEO 31 MARCH 2024 REPORT OF THE TRUSTEES The trustees pent thetr report alorvJ wth statements of accounts for the Charity for the year ended 31 March 2024. The statements of accourts have been prep8red in accoldancewlh the accounting policies set oirt on page 9and comply wth tha ChIty'S constitution and applicable law. coNSTuT10N The Association is govefned by its constitrrtio THE OBJECnVES OF ThE ASSOCL4710N The main objective8 of tha Association 8re to provide residwtts of Birningham.. [al an advice infomiation centre vthich dea15 with the problems of knusirg, employment. welfare nghts. immigrntion and nationality arid similw problems,. a cenlre to facilitate their &JLralion and cuttural trainiro- infomiallon on heth related issues: Idl facilitles to encourage leisure recreational activities" lel a platfom to promote good relationship betb%pen Asian cijmmunty a1 other racitil groups. ORGANISATiON The trustees w) have served durfr¥J the year aro sat out on page 1. Trustees are appointed by the board of trustees serye for one year after Ythich period they may Plrt themselves forvrdrd for rè - appointment. TIUSt meet quarterfy to review the PTDgTess made during year and lo discuss the issues r8levanl to the Associatlon's activitie5. REVIEW OF PROGRESS AND ACHIEVEMENTS AND FiRE STRATEGY The Association has continued to operaledurfro the year to achieve the objectlves outlined above and plans to continue these activities in the forthcomlrvJ yea subject to satisfactory fundi arrangernents. The trustees Satisfi that th8 aclivlties undertaken by the Assoclalion during the year are in accordance its objectives. RESERVES POLICIES Is the policy of the Association to maintain unrestricted funds, which a the free reserves of Ihe Association. at a level which provtdes sufficient funds to cover manemt. administration and support costs for approximaldy six rr#)nths. Page 2
AZAD KASHMIR WELFARE ASSOCLATION OPERATING AS -AK cEE STATEMEW6 OF ACCOU[S FOR THE YEAR ENDED 31 MARCH 2024 REPORT OF THE IRUSTEES Icontinwj...) RISK MANAGEMENT The trustees have examlned the strdlegic. bus1$8 and Operation risks vknich the Association faces and confirm that systems have bn establishwj to enable wulor [Bvie so that the necessary steps can be taken to redLe these t1sks. FINANCLAL REVIEW The attached statements of accounts show the current sL*e of the finances thich the trustees conslder to be souThY. TRUSTEES. RESPONSIBILMES IN RELAIION TO THE sTATEmEs OF ACCOU[S The trustees are responsible to prepare accounts for each financial year whlch give tnje and fair vlew of the state of affairs of the Association and of the Income and Expenditure of the Assoctation for that period. In preparing tknse COUnt$, the tnjstees are required lo: select suitable accountiro policie5 and then apply thern Gonsistently., make judgements and 8Stlmates that arg reasonable prudent: state ther 8ppli&ible aOnting stsndards and ststements of recommended practice have been followed subject to any departurn d15closal and explained in the statements of accounts.. and prepare the statement5 of accounts on the golng conwn basis unless It is inappropriate to presume that the Association wll continue in business. The trustees are rpsponsible for keeping proper accounting records which disclose th reasonable 8ecufdCy al any lime the financial position of the Association and lo anable them to ensure that the accounts comply with the Charitias A¢t 2011. They are also responsible for safeguarding the assets of the Association and hence for taklrvJ reasonable steps for prevention and detection of fraud and irregularities. Page3
Accountants. Report kn the TNstees on the Unaudited Accounts olAK In accordance with the engageryEnt letter dated 1 Octobef 2017. and in otder to assist you to fulfill your duties urvjerthe Companies Act 2006. we have compiled th8 flnancial statements of the charity thich comprise the stateent of Financial Activities, arKI the related notes from the accounting COrdS 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 wth terms of our engagement. OUrWo has been undertaken so that might compile the f inancial statements that have been engaged lo comple. reportto the Charitys Board of Directors thalwe have done so, and state those matters thatwe have agreed to state to them in this repx)rtand for no other purpose. To the fullest extent permitted by law, we do notaccept or assume resrthsljility to anyone othwthan the Charity and the Charity's Boat(l of Directors, as a body. for our WO or for this report. We have carried out this engagement in accordan¢% wlth technical guidance issued by the Associalionof Chartered Certrfigd knount2nts and have corrpled wth the ethical guida laid dovm by the Assoctation r8t8ting to members undertaking the compilation of financial statements. You have kno%Sed on the balance $heel as at 31 March 2024 your duty to ertsU that ts charfty has kept properaccr)untr@ records and to prepare financol statements that give a lJue and fair vrew underthe Companies Act 20C6. You consider that the Charity is exempl ftom the stst0ry requirernenl foran audit for the year. We have not been instructed to caryoutan audit of the financial statemenls. For this reason, we havenot verified the acojracy orcOmpten of the acojunting records orinfomiation and explanations you have glven to us and we do not. therefore. express any opinion on the firtancial statements. Flnlax Chartered Certified Accountants 888 Washwood Heath Road Binningham B82NB Page 4
AZAD KASHMIR WELFARE AssTIoN OPEPATING AS A K CENTRE STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 NOTES INCCENG RESOURCES Activities trj futhr the r8riVs objects: Grants l Donalons I Immlgration work 152,371 238,660 TOTAL INCOMING RESOU RCES RESOURCES EXPENDED Wages & NIC JRS Grdnt Pension Renl Rates & In3urancg Telephone Light & Heat Printing. Postage & Slalonary orriL¥ Clèaning Repairs Adverlsing Hlre of plant and mathinery Sundry Expensès Depreciation 150.655 121226 2920 14.864 5.419 975 20 198 761 2.355 14.074 2.738 1,145 1226 295 3J85 158 307 409 60 509 432 173 Management & Administraon of Ihe Charity TOTAL RESOURCES EXPENDED NET IOUTGOINGYINCOMING FESOURCES (46.7581 69.055 Fund B#l8nc£ Brought FoAYard 145.123 76.068 FUND BALANCE CARRIED FORWARD 98,365 145.123 The not8s on pages 7 to 9 forrn part of th88e acmunts. Page 5
AZAD KASHMIR WELFARE ASSOCL4TrJN OPERAMNG AS - AK CENTrE BALANCE SHEET AS AT 31 MARCH 2024 2tr24 2023 NOTES FLXED ASSETS Flxtures & Fittings CURRENT ASSETS Debtors Bank 152.091 191,042 191.042 CURRE LiA8ILmES Trddg Creditor8 &Accruals 56.176 48,801 NET CURREW ASSETS 95.915 142.241 NET ASSETS represented by FUNDS UNRESTRICTED NCOME FUNDS Generdl PuOSe$ FurMI Sign&J on behatf of the both of trustees Mohamrned Rasib - Chatmian of Trnstees Sakha¥s81 Hussain - TreasLrer Approv by the board on The note5 on page8 9 10 11 fomi part of these accounts. Page 6
AZAD KASHMIR WELFARE ASSWIATION OPEFWTING AS -AK CENTFE N07ES TO TrIE ACCOUNTS FOR THE YEAR ENDED 31 2024 ACCOUNTING POLICIES Basis of Accounting The Statements of Aco)unt have been prepared under the hlstorical o)st convention and in acwrdance with appIlble accounting standards and the Statement of Reo)mmended Practi¢ on Accounting by Charities. Dèpr8ciation Depreaation Is provided on tangible fixed assets to Write them off over Iheir eXP8Cted useful lives at the following rates: FixbJres & Filtings - 15% PA reducyng balance basls Incoming Resourc•s l ino)ming re50urc£s are retr)gnized once th8 Association has entilement of the resource. it is C8rtain that Ihè resources will be reived and the Monetary v81ue of incoming resources can ba measured wilh 8uffictent reli8brlity. Incoming r•souS from grants, where there are perfomianee or seNce deliverables required by the temis of the grant are accoLtnted for as Ihe Assoaation eams the right to payment through its perforrnan. Grants Whe entiletnent is not (yjnditional on the delivery of a speafsc perfomiance by the Assooation are recognized when the Nssouation becomes uno)nditionolly entrde¢J to the grant Resources Expended Liabilitie5 are r8wgnized 8$ Tesoufces expended as soon as Ihere Is a legal or o)nslTuctive obligation commilbng the AssorAalion to Ihe expendlbjre. All expendibJr8 Ès aOunted for on an accrual basis and ha5 been dassified under headings that aggregalè all costs related to the category. 2024 2023 GRANTSIDONATIONSIIMMIGRATION Th8 Grirnmit Trust Groundwork UK FVC Bitrningh8m SaHJey Gamble Aware Garfield Weston Foundation Lloyds Bank Foundab"on Immigration TGFC Main BPA Edgar Lawley Foundation Groundworks National Lottery NGED SW Main Edward and Dorothy Cadbury Trust Grant 1.200 9.000 5.000 25.873 30.000 52250 26.530 2075 48,500 25,000 66,796 86.017 9.990 3.000 1.000 STAFF COST Salariès Soaal Security Cost 144.155 6.500 116.974 4.252 150.655 121226 P8g• 7
AZAD KASHMIR WELFARE ASsOCT[0N OPERATING AS -AK CERE NOTES TO THE Accoumfs FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 AVERAGE NUMBER OF EMPLOYEES The averdge number of employees cCulated on a f Ldl-time eqLFiV8lent basis Nsere Number of Employees eaming £ei],000 or 8bove: MANAGEME & ADMINISTRATION OF THE CHARIIY AccountarKy & Audit Consultancy Fees 21.375 19.625 6 FED ASSETS COST As at 1 Aprfl 2023 Addttion 46.061 As * 31 Mach 2U24 46,061 DEPRECIAMON As at 1 Aprll 2023 43,179 Charge for the year A5 al 31 Mah 2024 43,611 NET B¢XJK VALUE As at 31 March W24 As at 31 March 2023 Pago 8
AL4D KASHMIR WELFARE ASSOCiATION OPERATING AS - AK CENfRE NOTES TO THE ACCOUWtS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 DEBTORS Other Debtors CREDrroRS Credtto PAYE Wages Pension 41.186 2,225 3,532 10.9)4 56,176 48.801 Page 9