Annual General Meeting started at 16:00hr via video link on 20th February 2021
Ata welcomed everyone to the meeting explaining that due to Covid 19 this year’s meeting has to be held virtually.
The members had been informed and link provided for the meeting.
All those that registered have logged on and the meeting is Quorate.
The minutes of the last meeting, General Secretary’s report and the Accounts were sent to all who registered.
The last meeting’s minutes were approved by Tahir Aslam and Seconded by Tayyab Hamid.
The accounts were approved by Mohammed Nadeem and Seconded by Khalid Asmi.
Ehsan congratulated and thanked Taimur Khan (TS accountants) for his help in doing the accounts free of Charge. TS were approved as Accountants for the coming year
AOB
Mr Naz asked about the court case with the Neighbours.
Ata gave the background regarding the case and that the court has approved the tarmac of the front area.
Ehsan Welcomed and thanked the Local Councilors and dignitaries to the meeting i.e. Komal Chaudri, Unsa Chaudri, Khaleeq Malik, Aksa Ahmed and Hina Mir. He also welcomed Zubair Awan from Hounslow Jamia Masjid.
Zubair Awan thanked PWA and appreciated the role that PWA plays in the local community.
Cllr Khaleeq Malik thanked the committee for inviting him and offered his Support.
Rashid Bhatti commented on the dispute with the Neighbours.
Hina Mir said that the Labour Party cannot help on the British Gas case.
Ata thanked Hounslow Jamia Masjid on their valiant effort by carrying on offering funeral services during the pandemic.
It was reported that 38 funeral group members have passed away.
Mr Naz asked about the financial situation of the funeral group.
Ata replied that the group was in a fair position and hoped that there won’t be too many cases.
As there was no further business and the Meeting was concluded with a Dua by Ata at 16:30pm.
Pakistan Welfare Association Address: Pakistan Welfare Association [PWA] (Hounslow) Jinnah Centre, Rear of 136 -146 Hounslow Road, Hanworth, Feltham, Middlesex, TW13 6AA Telephone: 020 8755 2222 Web: www.pwahounslow.co.uk
Report and Financial Statements Year ended: 31 December 2020 Charity No: 801883
Serving families and the wider community since 1966 Charity No: 801883
PWA Executives list
Mohammed Ata Chaudhry, President Shahid Ehsan Bari, General Secretary Abid Chaudhri, Joint Secretary Sho’aib Anjum, Treasurer Dr Khudija Khan, Executive Kaleem Qureshi, Executive
Contents Page
| Reference and administrative information | 2 |
|---|---|
| Report of the trustees | 3-4 |
| Independent Examiners Report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes forming part of the financial statements | 8-9 |
1 | P a g e
Pakistan Welfare Association Hounslow
PWA Address:
Pakistan Welfare Association Hounslow Jinnah Centre, Rear of 136 -146 Hounslow Road, Hanworth, Feltham, Middlesex, TW13 6AA Telephone: 020 8755 2222 Web: www.pwahounslow.co.uk Charity No: 801883
PWA Executives list
President Mohammad Ataurrahman Chaudhry Vice President Nabeela Chughtai General Secretary Ehsan Shahid Choudhry Treasurer Sho'aib Anjum Joint Secretary Abid Chaudri
Executive Member Chaudhry Mazhar Ali Executive Member Tahir Aslam Executive Member Mussarat Iqbal Executive Member Tayyeb Hameed Executive Member Farzana Hussain Executive Member Dr. Khudija Khan Executive Member Nawaz Malik Executive Member Mohammed Nadeem Executive Member Fouzia Qarni Executive Member Kaleem Qureshi
Solicitors:
S.J Osman 42 Lampton Road, Hounslow TW3 1JH
Accountant:
Syon Associates 20-22 Wenlock Road London England N1 7GU
Bankers: HSBC Bank Bank of Ireland
2 | P a g e
Pakistan Welfare Association Hounslow
Report of the Trustees for the year ended 31[st] December 2020
The Trustees present their report along with the financial statements of the charity for the year ended 31[st] December 2020. The financial statements have been prepared in accordance with the accounting policies set out on page 10.
Structure, Governance and Management
PWA is a registered charity with registration number 801883 and governed by its constitution. The charity is managed by its trustees who are listed on page one of this report. The trustees are elected by the members in the charity’s Annual General Meeting.
Objectives and activities
PWA objective is to assist the community, with a particular emphasis on the Pakistani diaspora residing in Hounslow. The Association has vast knowledge in the field of community welfare and undertakes responsibilities for those who are vulnerable and marginalised.
The Association provides advice and information on various matters to the local community, with specialisation for the Pakistani origin. To sign post or prepare documents, fill a variety of official forms and to represent them at the various statutory bodies. e.g. Local Council, Education, DSS, Police.
The Association, strongly believes in democracy, has worked towards increasing awareness of the Pakistani community in the local politics, resulting in election of fourteen councillors from Pakistani background in the London Borough of Hounslow. It arranges hustings at the Jinnah centre, providing an opportunity for public to further their understanding of issues and proposed solutions. The PWA has a policy to remain neutral in Politics.
The Association regularly unites the community through arranging different types of functions, picnic programs etc.
PWA has setup and manages a funeral group for the Muslim community and has over 600 contributing members.
The association established the Jamia Masjid in Hounslow, was pivotal in the creation of the Urdu Society for education of Urdu and in getting the Muslim Cemetery earmarked for the Muslims of the Borough.
The PWA is also one of few charitable organisations that runs according to its own constitution, has a committee elected in a democratic manner at the begin n ing of each year.
During the year the charity carried out its activities in furtherance of its objectives, the detail accounts of the charity’s activities and projects are published in the charity’s annual reports.
Financial review and reserves policy
The Charity has strengthened its financial base in respect of both unrestricted and restricted funds which will enhance the charity’s future to continued success towards the achievement of its objectives.
3 | P a g e
Pakistan Welfare Association Hounslow
Risk management
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Honorary Accountants
SA Accountants – Chartered Certified Accountants was appointed for the financial year ended on 31[st] December 2019 and the resolution for their re-appointment will be put forward in the next meeting.
Trustees’ responsibilities in relation to the financial statements
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, 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 departures disclosed and explained in the financial statements; and
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping accounting records which 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 2006. 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.
Approved by the trustees and signed on their behalf by: Mohammed Ata Chaudhry, Chairperson
Date: 11[th] February 2020
4 | P a g e
Pakistan Welfare Association Hounslow
Report of the Accountants
We have complied the financial statements on pages 6 to 10 which have been prepared on the basis of the accounting policies set out on page 8
The executive committee is responsible for the preparation of accounts. The charity’s trustees consider that an audit is not required for the year under section 144 of the Charities Act 2011 and that an independent accountants report is needed.
The Association does not pay rent as it owns its own building outright.
BASIS OF OPINION
We have prepared the financial statements without conducting an audit, in accordance with your instructions and have compiled these accounts from the accounting records and information and explanation supplied to us.
In common with many charities of similar size and organisation, the income derived from voluntary donation that cannot be fully controlled until they are recorded in the accounting records and are therefore not susceptible to independent audit verification.
In connection with our examination, no matter has come to our attention
-
Which gives us reasonable cause to believe that in, any material respect, the requirements;
-
To keep accounting records in accordance with section 130 of the Charities Act; and
-
- To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
-
To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
SA Accountants 15[th] February 2020
Syon Accounting Services 20-22 Wenlock Road London England N1 7GU
5 | P a g e
Pakistan Welfare Association Hounslow
Statement of Financial Activities for the year ended 31st December 2020 PWA Accounts for year ended 31[st] December 2020 Section A: Statement of the financial activities
(Including summary income and expenditure account)
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Incoming Resources | ||
| Donations | 8,505.00 | 8,679.00 |
| Ticket Sale (Function) | 3,840.00 | 4,650.43 |
| Hall Hire | 295.00 | 260.00 |
| PWA Membership | 65,689.50 | 62,084.00 |
| Interest Received | 3.36 | 13.50 |
| Grant | 0.00 | 7,876.62 |
| Miscellaneous | 1,400.00 | 0.00 |
| Sale of old chairs | 900.00 | 0.00 |
| Other - cash | 1,010.36 | 0.00 |
| Total Incoming Resources | 81,643.22 | 83,563.55 |
| Expenditure | ||
| Contractors Charge | 5,700.00 | 5,700.00 |
| Community Functions | 4,193.96 | 5,882.00 |
| Printing, Postage & Stationary | 54.00 | 0.00 |
| Cleaning | 0.00 | 62.00 |
| Insurance | 623.43 | 650.98 |
| Electricity | 288.55 | 403.68 |
| Gas | 1,784.46 | 540.31 |
| Water | 240.00 | 240.00 |
| Telephone | 495.40 | 400.00 |
| Repairs & Maintenance | 6,084.00 | 4,700.00 |
| Council Tax | 0.00 | 287.28 |
| Sundry | 473.00 | 880.00 |
| Donations | 4,901.29 | 5,550.00 |
| Hall Hire | ||
| Funeral Expenses | ||
| (Mosque, Council, Bereavement, Other) | 62,332.00 | 14,766.00 |
| Advertising/ Marketing | 0.00 | 800.00 |
| Legal | 8,505.00 | 0.00 |
| Total Resources Expensed | 95,675.09 | 40,862.25 |
| Surplus/(Deficit) For the Year | -14,031.87 | 42,701.30 |
6 | P a g e
Pakistan Welfare Association Hounslow
Statement of Financial Activities for the year ended 31st December 2020
| Notes | 2020 | 2019 | |
|---|---|---|---|
| £ | £ | ||
| Fixed Assets | |||
| Freehold Property | 1 | 106,864.00 | 106,864.00 |
| 106,864.00 | 106,864.00 | ||
| Current Assets | |||
| Cash & Cash Equivalents | 3 | 153,011.66 | 167,043.53 |
| Debtors: | 4 | 0.00 | 0.00 |
| 153,011.66 | 167,043.53 | ||
| Current Liabilities | |||
| Creditors | 5 | 0.00 | 0.00 |
| Net Assets | 259,875.66 | 237,907.53 | |
| Capital & Reserves | |||
| General Funds | 32,311.24 | 49,700.61 | |
| Funeral Funds | 227,564.42 | 224,206.92 | |
| Total Funds as at 31st Dec | 2020 | 259,875.66 | 273,907.53 |
7 | P a g e
Pakistan Welfare Association Hounslow
Notes forming part of the financial statements For the year ended 31[st] December 2020
1. Principal accounting policies
(a) Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities . In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP2005) issued in March 2005 by the Charity Commission.
(b) Incoming resources
All incoming resources are recognised when received.
(c) Resources expended
Expenditure is included on an accrual basis.
(d) Tangible fixed assets and depreciation
Fixtures, fittings and equipment 25% Straight Line Basis
Freehold Property
No Depreciation
Grants
Capital grants are treated as a deferred credit and transferred to the income and expenditure account over the lives of the assets. Revenue grants are credited to revenue in the same period in which the revenue expenditure to which they relate is charged
2. FIXED ASSETS
The freehold property is currently the only fixed asset and this is not being depreciated.
3. BANK ACCOUNTS
| Note 3 | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| HSBC - Jinnah Centre 51865617 | 64.45 | 551.27 |
| HSBC - Jinnah Centre 42663287 | 6,509.19 | 16,790.92 |
| HSBC - PWA Funeral Account | 122,904.99 | 128,529.49 |
| Bank of Ireland | 19,879.52 | 18,021.52 |
| HSBC- Jinnah Centre 42256231 - Dam Fund | 3,653.51 | 3,150.33 |
| Cash & Cash Equivalent | 153,011.66 | 167,043.53 |
8 | P a g e
Pakistan Welfare Association Hounslow
4. DEBTORS
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Funeral | - | - |
| Hall Deposit Function | - | - |
| Debtors as at 31st December 2020 | - | - |
5. CREDITORS
No creditors were held period ending 31[st] December 2020.
6. PWA FUNERAL GROUP NOTE
| 6. PWA FUNERAL GROUP NOTE | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Membership Fees | 61,390.50 | 59,384.00 |
| Cost of Funerals | -62,332.00 | -14,766.00 |
| Movement in Funeral Funds as at 31st December 2020 | -941.50 | 44,618.00 |
7. Funds
Unrestricted funds comprised of those funds, which the trustees are free to use in accordance with the charity’s objectives.
Restricted funds are funds, which have been given for particular purposes and projects.
In this instance the Funeral Group Funds are deemed restricted.
8. Related party transactions
PWA have no borrowings from the funeral group to purchase the freehold property.
9. Post Balance Sheet Events and Commitments
There are no post balance sheet date events or commitments which, in the opinion of the trustees, required disclosures.
10 Petty Cash
As at 31 Dec 2020, there was petty cash of £1,010.
11. Contingent Liabilities – British Gas
The PWA have court case listed for hearing where PWA dispute British Gas bill. The BG is asking for £25563 and we believe it should not be more then £6500
12. Contingent Liabilities – Neighbour Dispute
The PWA have a running court case against the neighbour for possession of PWA land and eviction of unlawful occupying and trespassing by the neighbours.
The PWA have won the first stage and an injunction is granted for the land possession, further hearing is listed for PWA claim for compensation.
13. Accountancy Services
Syon Associates have prepared PWA accounts free of charge as a donation.
9 | P a g e
Pakistan Welfare Association Hounslow
Pakistan Welfare Association Address: Pakistan Welfare Association [PWA] (Hounslow) Jinnah Centre, Rear of 136 -146 Hounslow Road, Hanworth, Feltham, Middlesex, TW13 6AA Telephone: 020 8755 2222 Web: www.pwahounslow.co.uk
Report and Financial Statements Year ended: 31 December 2020 Charity No: 801883
Serving families and the wider community since 1966 Charity No: 801883
PWA Executives list
Mohammed Ata Chaudhry, President Shahid Ehsan Bari, General Secretary Abid Chaudhri, Joint Secretary Sho’aib Anjum, Treasurer Dr Khudija Khan, Executive Kaleem Qureshi, Executive
Contents Page
| Reference and administrative information | 2 |
|---|---|
| Report of the trustees | 3-4 |
| Independent Examiners Report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes forming part of the financial statements | 8-9 |
1 | P a g e
Pakistan Welfare Association Hounslow
PWA Address:
Pakistan Welfare Association Hounslow Jinnah Centre, Rear of 136 -146 Hounslow Road, Hanworth, Feltham, Middlesex, TW13 6AA Telephone: 020 8755 2222 Web: www.pwahounslow.co.uk Charity No: 801883
PWA Executives list
President Mohammad Ataurrahman Chaudhry Vice President Nabeela Chughtai General Secretary Ehsan Shahid Choudhry Treasurer Sho'aib Anjum Joint Secretary Abid Chaudri
Executive Member Chaudhry Mazhar Ali Executive Member Tahir Aslam Executive Member Mussarat Iqbal Executive Member Tayyeb Hameed Executive Member Farzana Hussain Executive Member Dr. Khudija Khan Executive Member Nawaz Malik Executive Member Mohammed Nadeem Executive Member Fouzia Qarni Executive Member Kaleem Qureshi
Solicitors:
S.J Osman 42 Lampton Road, Hounslow TW3 1JH
Accountant:
Syon Associates 20-22 Wenlock Road London England N1 7GU
Bankers: HSBC Bank Bank of Ireland
2 | P a g e
Pakistan Welfare Association Hounslow
Report of the Trustees for the year ended 31[st] December 2020
The Trustees present their report along with the financial statements of the charity for the year ended 31[st] December 2020. The financial statements have been prepared in accordance with the accounting policies set out on page 10.
Structure, Governance and Management
PWA is a registered charity with registration number 801883 and governed by its constitution. The charity is managed by its trustees who are listed on page one of this report. The trustees are elected by the members in the charity’s Annual General Meeting.
Objectives and activities
PWA objective is to assist the community, with a particular emphasis on the Pakistani diaspora residing in Hounslow. The Association has vast knowledge in the field of community welfare and undertakes responsibilities for those who are vulnerable and marginalised.
The Association provides advice and information on various matters to the local community, with specialisation for the Pakistani origin. To sign post or prepare documents, fill a variety of official forms and to represent them at the various statutory bodies. e.g. Local Council, Education, DSS, Police.
The Association, strongly believes in democracy, has worked towards increasing awareness of the Pakistani community in the local politics, resulting in election of fourteen councillors from Pakistani background in the London Borough of Hounslow. It arranges hustings at the Jinnah centre, providing an opportunity for public to further their understanding of issues and proposed solutions. The PWA has a policy to remain neutral in Politics.
The Association regularly unites the community through arranging different types of functions, picnic programs etc.
PWA has setup and manages a funeral group for the Muslim community and has over 600 contributing members.
The association established the Jamia Masjid in Hounslow, was pivotal in the creation of the Urdu Society for education of Urdu and in getting the Muslim Cemetery earmarked for the Muslims of the Borough.
The PWA is also one of few charitable organisations that runs according to its own constitution, has a committee elected in a democratic manner at the begin n ing of each year.
During the year the charity carried out its activities in furtherance of its objectives, the detail accounts of the charity’s activities and projects are published in the charity’s annual reports.
Financial review and reserves policy
The Charity has strengthened its financial base in respect of both unrestricted and restricted funds which will enhance the charity’s future to continued success towards the achievement of its objectives.
3 | P a g e
Pakistan Welfare Association Hounslow
Risk management
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Honorary Accountants
SA Accountants – Chartered Certified Accountants was appointed for the financial year ended on 31[st] December 2019 and the resolution for their re-appointment will be put forward in the next meeting.
Trustees’ responsibilities in relation to the financial statements
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, 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 departures disclosed and explained in the financial statements; and
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping accounting records which 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 2006. 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.
Approved by the trustees and signed on their behalf by: Mohammed Ata Chaudhry, Chairperson
Date: 11[th] February 2020
4 | P a g e
Pakistan Welfare Association Hounslow
Report of the Accountants
We have complied the financial statements on pages 6 to 10 which have been prepared on the basis of the accounting policies set out on page 8
The executive committee is responsible for the preparation of accounts. The charity’s trustees consider that an audit is not required for the year under section 144 of the Charities Act 2011 and that an independent accountants report is needed.
The Association does not pay rent as it owns its own building outright.
BASIS OF OPINION
We have prepared the financial statements without conducting an audit, in accordance with your instructions and have compiled these accounts from the accounting records and information and explanation supplied to us.
In common with many charities of similar size and organisation, the income derived from voluntary donation that cannot be fully controlled until they are recorded in the accounting records and are therefore not susceptible to independent audit verification.
In connection with our examination, no matter has come to our attention
-
Which gives us reasonable cause to believe that in, any material respect, the requirements;
-
To keep accounting records in accordance with section 130 of the Charities Act; and
-
- To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
-
To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
SA Accountants 15[th] February 2020
Syon Accounting Services 20-22 Wenlock Road London England N1 7GU
5 | P a g e
Pakistan Welfare Association Hounslow
Statement of Financial Activities for the year ended 31st December 2020 PWA Accounts for year ended 31[st] December 2020 Section A: Statement of the financial activities
(Including summary income and expenditure account)
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Incoming Resources | ||
| Donations | 8,505.00 | 8,679.00 |
| Ticket Sale (Function) | 3,840.00 | 4,650.43 |
| Hall Hire | 295.00 | 260.00 |
| PWA Membership | 65,689.50 | 62,084.00 |
| Interest Received | 3.36 | 13.50 |
| Grant | 0.00 | 7,876.62 |
| Miscellaneous | 1,400.00 | 0.00 |
| Sale of old chairs | 900.00 | 0.00 |
| Other - cash | 1,010.36 | 0.00 |
| Total Incoming Resources | 81,643.22 | 83,563.55 |
| Expenditure | ||
| Contractors Charge | 5,700.00 | 5,700.00 |
| Community Functions | 4,193.96 | 5,882.00 |
| Printing, Postage & Stationary | 54.00 | 0.00 |
| Cleaning | 0.00 | 62.00 |
| Insurance | 623.43 | 650.98 |
| Electricity | 288.55 | 403.68 |
| Gas | 1,784.46 | 540.31 |
| Water | 240.00 | 240.00 |
| Telephone | 495.40 | 400.00 |
| Repairs & Maintenance | 6,084.00 | 4,700.00 |
| Council Tax | 0.00 | 287.28 |
| Sundry | 473.00 | 880.00 |
| Donations | 4,901.29 | 5,550.00 |
| Hall Hire | ||
| Funeral Expenses | ||
| (Mosque, Council, Bereavement, Other) | 62,332.00 | 14,766.00 |
| Advertising/ Marketing | 0.00 | 800.00 |
| Legal | 8,505.00 | 0.00 |
| Total Resources Expensed | 95,675.09 | 40,862.25 |
| Surplus/(Deficit) For the Year | -14,031.87 | 42,701.30 |
6 | P a g e
Pakistan Welfare Association Hounslow
Statement of Financial Activities for the year ended 31st December 2020
| Notes | 2020 | 2019 | |
|---|---|---|---|
| £ | £ | ||
| Fixed Assets | |||
| Freehold Property | 1 | 106,864.00 | 106,864.00 |
| 106,864.00 | 106,864.00 | ||
| Current Assets | |||
| Cash & Cash Equivalents | 3 | 153,011.66 | 167,043.53 |
| Debtors: | 4 | 0.00 | 0.00 |
| 153,011.66 | 167,043.53 | ||
| Current Liabilities | |||
| Creditors | 5 | 0.00 | 0.00 |
| Net Assets | 259,875.66 | 237,907.53 | |
| Capital & Reserves | |||
| General Funds | 32,311.24 | 49,700.61 | |
| Funeral Funds | 227,564.42 | 224,206.92 | |
| Total Funds as at 31st Dec | 2020 | 259,875.66 | 273,907.53 |
7 | P a g e
Pakistan Welfare Association Hounslow
Notes forming part of the financial statements For the year ended 31[st] December 2020
1. Principal accounting policies
(a) Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities . In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP2005) issued in March 2005 by the Charity Commission.
(b) Incoming resources
All incoming resources are recognised when received.
(c) Resources expended
Expenditure is included on an accrual basis.
(d) Tangible fixed assets and depreciation
Fixtures, fittings and equipment 25% Straight Line Basis
Freehold Property
No Depreciation
Grants
Capital grants are treated as a deferred credit and transferred to the income and expenditure account over the lives of the assets. Revenue grants are credited to revenue in the same period in which the revenue expenditure to which they relate is charged
2. FIXED ASSETS
The freehold property is currently the only fixed asset and this is not being depreciated.
3. BANK ACCOUNTS
| Note 3 | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| HSBC - Jinnah Centre 51865617 | 64.45 | 551.27 |
| HSBC - Jinnah Centre 42663287 | 6,509.19 | 16,790.92 |
| HSBC - PWA Funeral Account | 122,904.99 | 128,529.49 |
| Bank of Ireland | 19,879.52 | 18,021.52 |
| HSBC- Jinnah Centre 42256231 - Dam Fund | 3,653.51 | 3,150.33 |
| Cash & Cash Equivalent | 153,011.66 | 167,043.53 |
8 | P a g e
Pakistan Welfare Association Hounslow
4. DEBTORS
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Funeral | - | - |
| Hall Deposit Function | - | - |
| Debtors as at 31st December 2020 | - | - |
5. CREDITORS
No creditors were held period ending 31[st] December 2020.
6. PWA FUNERAL GROUP NOTE
| 6. PWA FUNERAL GROUP NOTE | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Membership Fees | 61,390.50 | 59,384.00 |
| Cost of Funerals | -62,332.00 | -14,766.00 |
| Movement in Funeral Funds as at 31st December 2020 | -941.50 | 44,618.00 |
7. Funds
Unrestricted funds comprised of those funds, which the trustees are free to use in accordance with the charity’s objectives.
Restricted funds are funds, which have been given for particular purposes and projects.
In this instance the Funeral Group Funds are deemed restricted.
8. Related party transactions
PWA have no borrowings from the funeral group to purchase the freehold property.
9. Post Balance Sheet Events and Commitments
There are no post balance sheet date events or commitments which, in the opinion of the trustees, required disclosures.
10 Petty Cash
As at 31 Dec 2020, there was petty cash of £1,010.
11. Contingent Liabilities – British Gas
The PWA have court case listed for hearing where PWA dispute British Gas bill. The BG is asking for £25563 and we believe it should not be more then £6500
12. Contingent Liabilities – Neighbour Dispute
The PWA have a running court case against the neighbour for possession of PWA land and eviction of unlawful occupying and trespassing by the neighbours.
The PWA have won the first stage and an injunction is granted for the land possession, further hearing is listed for PWA claim for compensation.
13. Accountancy Services
Syon Associates have prepared PWA accounts free of charge as a donation.
9 | P a g e
Pakistan Welfare Association Hounslow