Omar Welfare House
Trustee's Report and Financial Statements For The Year Ended 31 December 2021
Charity No. 516632
Omar Welfare House
Legal and Administration Information
Chairman of Trustees
Mohammad Fateh Al Rawi
Treasurer
Malek Al- Afandi
Secretary
Ahmed Al- Bazie
Registered Office
164 Nursery Lane Leeds LS17 7AQ
Trustees
Mohammad Fateh Al Rawi Ahmed Al- Bazie Malik Al- Afandi
Bankers
Virgin Money 94 Briggate Leeds LS1 6NP
Accountants
K & M Ltd Chartered Certified Accountants 9 Norville Terrace Headingley Lane Leeds LS6 1BS
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Omar Welfare House
Reports and Financial Statements
For The Year Ended 31 December 2021
Contents
| Page | |
|---|---|
| Trustee's Report | 4 |
| Accountants Report | 6 |
| Balance Sheet | 7 |
| Statement of Financial Activities | 8 |
| Notes | 9 |
| Schedule of Income | 11 |
| Schedule of Expenditure | 12 |
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Omar Welfare House
Trustee's Report
For The Year Ended 31 December 2021
The trustees present their report and financial statements for the year ended 31st December 2021 under the Charities Act 2011, and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities SORP 2005.
Structure, Governance and Management
Organisation
The charity is managed by a group of four trustees who are responsible for the charity's assets. New trustees are appointed as and when required by the existing trustees and are normally appointed for life or until they resign (or when they can no longer perform their duties).
Objectives and Financial Review
Objectives
The charity is governed by a trust deed, a written constitution in which its objects are set out are to provide relief of poverty and and advancement of education and religion to needy muslim students.
Financial Review
The board of trustees are satisfied with the performance of the charity during the year and the position at 31st December 2021 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations.
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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Omar Welfare House
Trustee's Report Continued
For The Year Ended 31 December 2021
The law applicable to charities in England and Wales requires trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, including FRS 102, have been followed, subject to any material departures disclosed and explained in the financial statements;
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state whether a Statement of Recommended Practice (SORP) applies and has been followed, subject to any departures which are explained in the financial statements.
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provision of the trust deed. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was considered and approved by the Trustees on 22 June 2022 and signed on their behalf by:
.............................................................
Malek Al Afendi
Trustee
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Omar Welfare House Independent Examiner's Report
For The Year Ended 31 December 2021
I report on the accounts which are set out on the pages 7 to 12
Respective responsibilities of the Trustees and Examiner
The trustees are responsible for the preparation of the accounts. The trustees consider than an audit is not required for the year
It is my 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 examiners report
My 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 trustees concerning 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 therefore limited.
.......................................................................
For and on behalf of K & M Ltd Chartered Certified Accountants 9 Norville Terrace Headingley Lane Leeds LS6 1BS
28 July 2022
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Omar Welfare House
Balance Sheet as at 31 December 2021
| Note Fixed Assets Tangible Assets 2 Current Assets Debtors 3 Bank and Cash Creditors Amounts due within one year 4 Net Current Assets Total assets less current liabilities Net Assets Capital and reserves Profit and loss account 5 |
£ 17,106 532,408 549,514 (46,581) |
2021 £ £ 291,965 10,845 500,866 511,710 (46,557) 502,933 794,898 794,898 794,898 794,898 |
2020 £ 292,037 465,153 |
|---|---|---|---|
| 757,190 | |||
| 757,190 | |||
| 757,190 | |||
| 757,190 |
Approved by the Board, and authorised for issue, on 22 June 2022 and signed on their behalf by:
……………………………………………
Malek Al Afendi
Trustee
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Omar Welfare House
Statement of Financial Activities
For The Year Ended 31 December 2021
| Page General Fund Total funds brought forward Surplus for the year Total funds carried forward Summary of Movement of Funds Income Expenditure Surplus/(Deficit) for the year |
2021 £ 757,190 37,708 794,898 68,300 30,592 37,708 |
2020 £ 752,804 4,386 |
|---|---|---|
| 757,190 | ||
| 55,783 51,397 |
||
| 4,386 |
All gains and losses arising in the year have been included in the Statement of Financial Activities and arise from continuing operations.
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Omar Welfare House
Notes to the Financial Statements
For The Year Ended 31 December 2021
1 Accounting Policies
A summary of the principal accounting policies adopted, judgements and key sources of estimation uncertainty, is set out below.
Accounting Convention
The financial statements have been prepared under the historic cost convention. The financial statements have been prepared in accordance to Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The charity is a public benefit entity for the purposes of FRS 102 and has also prepared its financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP), the Companies Act 2006 and Charities Act 2011.
Income
All income is recognised when there is entitlement to the funds, the receipt is probable and the amount can be measured reliably.
Resources Expended
Expenditure is included in the Statement of Financial Activities on a accruals basis, inclusive of any VAT which cannot be recovered. Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Support costs are those incurred in the administration of the charity and are primarily associated with the constitutional and statutory requirements.
| 2 Tangible fixed assets Cost At 1 January 2021 Additions Surplus on revaluation Disposals At 31 December 2021 Depreciation At 1 January 2021 Charge for the year Surplus on revaluation On disposals At 31 December 2021 Net book value At 31 December 2021 At 1 January 2021 |
Plant and Machinery £ 39,293 1,000 - - 40,293 33,146 1,072 - - 34,218 6,075 6,147 |
Land and Buildings £ 285,890 - - 285,890 - - - - - 285,890 285,890 |
Total £ 325,183 1,000 - - |
|---|---|---|---|
| 326,183 | |||
| 33,146 1,072 - - |
|||
| 34,218 | |||
| 291,965 | |||
| 292,037 |
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Omar Welfare House
Notes to the Financial Statements (Continued)
For The Year Ended 31 December 2021
Land and Building are freehold
The following properties are held:-
10 Blandford Garden 34 Harold Street 5 St Johns Terrace 5 St Johns Avenue
| 3 Debtors Rent Control Account 4 Creditors: amounts falling due within one year Accruals Other 5 Statement of Movement on Reserves Balance brought forward Surplus for the year Balance carried forward |
2021 £ 17,106 17,106 2021 £ 444 46,137 46,581 |
2020 £ 10,845 |
|---|---|---|
| 10,845 | ||
| 2020 £ 420 46,137 |
||
| 46,557 Unrestricted Funds £ 757,190 37,708 |
||
| 794,898 |
6 Trustees and Related Parties
No trustees received any remuneration for their services and no expenses were reimbursed (2021: £Nil).
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Omar Welfare House
Schedule Of Income
For The Year Ended 31 December 2021
| Income Resources Interest received Other incoming resources Rent receivable Total incoming resources |
2021 £ 841 67,458 68,299 |
2020 £ 1,663 54,120 |
|---|---|---|
| 55,783 |
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Omar Welfare House
Statement of Expenditure
For The Year Ended 31 December 2021
| £ Other Administrative Costs Accountancy fees 444 Cleaning 380 Depreciation 1,072 Donations 7,000 Insurance 1,202 Light & Heat 639 Management fees 6,810 Rates 5,038 Repairs and maintenance 8,007 Total overhead expenses |
2021 £ £ 420 751 1,085 20,000 1,202 488 6,140 816 20,495 30,592 30,592 |
2020 £ 51,397 |
|---|---|---|
| 51,397 |
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