Charity registration number 1066665 (England and Wales)
MUSLIM WELFARE INSTITUTE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
• xeinadin

MUSLIM WELFARE INSTITUTE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr H M Patel
Mr Y Moosa
MrA Raje
Charity number (England and Wales)
1066665
Principal address
Unit 301
Daisyfield Business Centre
Blackburn
Lancashire
BB13BL
Auditor
Xeinadin Audil Limited
Ground Floor, Citygate
Longridge Road
Preslon
Lancashire
United Kingdom
PR2 5BQ

MUSLIM WELFARE INSTITUTE
CONTENTS
Page
Trustees, report
Independent audilor's report
statement of financial activities
Balance Sheet
Statement of cash flows
10
Notes to Ihe financial statements

MUSLIM WELFARE INSTITUTE
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial stalements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounling
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing Iheir accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"
Objectives and activities
The objectives of the charity are as outlined in the charity's Goveming Instrument. The main objective of the charity
is needy people primarily in, but not restricted to, India, Albania and Bangladesh by focusing on the following areas:
Providing housing and healthcare facilities
Establishing and renovating mosques. cultural centre and madrasas
Providing educalion and training in Islamic faith
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake. The charity run on the basis of public benefit and not for profit purpose.
Achievements and perfonnance
Significant activiti&s and achievements against objectives
This years annual report covers the 7 countries we are working in at present. We have separated the countries into
3 regions..
The Balkans which covers Albania. Bosnia and Macedonia.
United Kingdom which covers England.
Asia which covers Bangladesh. India and West Bengal.
The Balkans
Albania
Dar* Arqam Education Centre
Our new Dar- e-Arqam Education Centre in Tirana completed its fourth full year during 2024.
Residential Institute - Belesh
Our residential instilute at one of the local Mosques in the village of Belesh had been running for over 15 years. 10
students resided on a full time basis, where all their needs were provided for. Many sludents enrolled for shorter
periods and a number of students attended part time courses throughoul Ihe year.
Non Residential Institute- Laknas
Our non residential institute opened in Laknas in 2015 and completed its 8th year. The institute is in use during
weekdays for education classes for sludents and on the weekends for education classes for orphans and also
widows. Intention is lo increase programmes at this inslitute in the coming years.
Mosques Renovation Programme
6 Mosques were renovated throughout the year 2024.
Food Distribution Project
To assist needy families. we dislributed..
1500 meat bags on Ihe occasion of Eid-ul-Adha.
2000 food packs during the Holy month of Ramadhan & at the time of Eid-ul-Fitr.
Educational Projects
100 classes were funded by the MWI where over 1000 students received free education.
Orphan5 Sponsorship
550 orphans were sponsored for 12 months.

MUSLIM WELFARE INSTITUTE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Bosnia
Following a visit to Bosnia in 2018. the MWI initiated its first 2 projecls in Bosnia during the year 2020. We
continued wilh this during the year 2024.
Widows Sponsorship
We sponsored 40 families with a cash grant of £200 each in Srebrenica.
Families Sponsorship
We sponsored 35 families in Mostar with £200 each.
Macedonia
Educational projects
13 classes were funded by the MWI where 200 children received free education.
United Kingdom
England
Hardship Assistance Programme:
Blackburn:
Assistance was provided to a number of families who were going through difficult circumstances. Food, clothing,
basic essentials, rental payments etc etc were provided. We worked closely with the refugees organisalions here in
Blackburn, who carried out the due diligence checks.
Asylum seekersl Refugees:
We assisted a number of asylum seekers here in 8lackburn and the Northwest with cash grants.
Asia
Bangladesh
Orphanage Project
Our orphanage constructed at the village of Begumpur completed its 18th year. The orphanage is home to 30
orphans. A number of orphans who have reached the age of 18 have now moved on into either full time education.
further studies or vocational training programmes depending on their final exam results.
Education Programmes
35 part-time schools were funded where approx. 1500 children acquire secular & religious education.
Food Distribution
Approx 1250 families were provided with lftaar Packs in Ramadhan. Approx. 1500 gift packs were distributed prior
lo the festival of Eid-ul-Fitr. 600 meat bags were distributed on the occasion of Eid-ul-Adha.
Orphans Sponsorship
30 orphans sponsored.
Water Programmes
45 hand pumps installed at various locations throughout the year.
Income Support Programme
60 rickshaw vans distributed.
Wheelchair Distribution
120 wheelchairs distributed.
Group Weddings Programme
Finance was provided for 35 couples who got married at the group weddings programmes that were organised
during the year.
Medical Projects
100 cataract operations were performed.

MUSLIM WELFARE INSTITUTE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Winter Clothing
1000 winter packs distributed during the winter period.
India
Masjid Construction
4 Masjids constructed.
Weddings Programme
80 weddings financed.
Cataract Operations
200 operations carried out.
Dialysis Services
400 dialysis Se￿ICe$ carried out.
Food Distribution
2000 food parcels distributed during the holy month of Ramadhan & 2500 at the lime of Eid-ul-Fitr.
Widowslorphans Sponsorship
100 orphans were sponsored in and around theAhmedabad area.
West Bengall Bihar
Students sponsorship
65 students sponsored to become Hafez of the Quraan at a local educational institute in Uttar Dinajpur.
Masjid Construction
3 Masjids were constructed.
Food Distribution
1000 food pa￿elS distributed for the holy month of Ramadhan & 1000 at the time of Eid-ul-Fitr.
Fundraising pra¢tlCgS
isits
MWI representativeslstaff visiled all the countries that we are working in, to assess and see the projects first hand
and ensure they are running smoolhly.
Financial review
Reserves policy
It is the policy of Ihe charily that unrestricted funds which have not been designated for a specific use should be
maintained at a level equivalent to between three to six month's expenditure. The trustèes consider that reserves at
Ihis level will ensure that. in the event of a significanl drop in funding, they will be able to continue the charity's
current activities while consideration is given to ways in which additional funds may be raised. This18vel of reserves
has been maintained throughoul the year.
Structure, governanco and management
The trustees who served during the year and up to the date of signature of the finan¢ial 51atements were..
Mr H M Patel
Mry Moosa
MrA Raje
Recnjitment and appointment of trustees
Organisafional stnjcture
The MWI truslee structure remains the same. No changes or amendmenls during the year.

MUSLIM WELFARE INSTITUTE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Other matters
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
Muslim Welfare Institute has a risk management poliw which is regularly revised to identify and address all kinds of
risk every year. The existing management team is well equipped to discourse, manage and report the risks
internally and externally. The indicated risks identified were successfully reviewed and assessed by the senior
management and trustees during the reporting period. These risks, including strategic, governance and operational
risks, have been identified and ranked in terms of impact and likelihood. The trustees are satisfied Ihat systems are
in place to monitor, manage and mitigate any exposure from these risks and ensure they are reviewed regularly.
Property Purchase
The MWI bought another premises on 18th April 2024 situated on Emerald Street this was previously a nursery.
total amount paid £237.814, these premises are used for daily prayers, evening after school aclivilies, charity
events to help needy people, refugees, asylum seekers and information sessions to help the local community.
Statsment 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 Stsndards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England and Wales requires the truslees to prepare financial statements for each
financial year which give a true and fair view of the slate of affairs of the charily and of the incoming resources and
application of resources of the charity for that year.
In preparing these financial statements, the trustees are required lo=
select suitable accounting policies and then apply them consislently:
observe the methods and principles in Ihe Charities SORP.,
make judgements and eslimates Ihat are reasonable and prudenl.,
slate whether applicable accounting standards have been followed. subject to any material departures disclosed
and explained in the financial statements.. and
prepare the financial statement5 on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping sufficient a¢counling records that disclose with reasonable accuracy at any
time the financial position of the charity and enable Ihem to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulalions 2008 and the provisions of the trusl deed. They
are also responsible for safeguarding the assets of the charity and hence for laking reasonable steps for the
prevention and detection of fraud and other irregularities.
The trustees, report was approved by the Board of Trustees.
Mr H M Patel
Trustee
Date..

MUSLIM WELFARE INSTITUTE
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF MUSLIM WELFARE INSTITUTE
Opinion
We have audited the financial stalemenls of Muslim Welfare Institute (the 'charily'> for the year ended 31 December
2024 which comprise the slatement of financial activities, the balance sheet, the statemenl of cash flows and notes
to the financial statements, including significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the slate of the charity's affairs as at 31 December 2024 and of its incoming
resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepled Accounting Pra¢lice-
and
have been prepared in accordanGe wilh the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing {UK) {ISAs (UK)) and applicable
law. Our responsibilities under Ihose standards are further described in the AUdit0￿S responsibilities for the audit of
the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirement5 that are relevant to our audil of the financial slalements in the UK, including the FRC'S Ethical
Slandard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial stalements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on Ihe charity's ability to continue as a going
concern for a period of at least hvelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
other infomiation
The other information comprises the information included in the annual report other Ihan the financial statements
and our auditor's report Ihereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and we do not express any form
of assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing so. consider
whether the other information is materially inconsistent with the financial statements or our knowledge obtained in
the course of the audit, or othejwise appears lo be materially misstated. If we identify such material inconsistencies
or apparent material misstalements, we are required to determine whether this gives rise to a material misstatement
in the financial statements themselves. If, based on the work we have performed, we conclude that there is a
material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relalion to which the Charities (Accounts and
Reports) Regulations 2008 requires US to report to you if, in our opinion..
the infomiation given in the financial statements is inconsislent in any material respect with the trustees,
report., or
sufficient accounting records have not been kept,. or
the financial statemenls are not in agreement with the accounting records.. or
we have not received all the information and explanations we require for our audit.

MUSLIM WELFARE INSTITUTE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF MUSLIM WELFARE INSTITUTE
Responsibilities of trustees
As explained more fully in the statement of trustees, responsibilities, the trustees are responsible for the preparation
of the financial statements and for being satisfied thal they give a true and fair view, and for such internal control as
the trustees determine is necessary lo enable the preparation of financial statemenls thal are free from material
misstatement, whelher due to fraud or error. In preparing the financial statements, the trustees are responsible for
assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going
concem and using the going concern basis of accounting unless the Irustees either intend lo cease operations, or
have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regulalions made or having effed thereundar.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatemenl, whelher due to fraud or error, and to issue an audilorfs report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee Ihat an audit conducted in accordance
with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedure5 are capable of detecting irregularities. including fraud, is detailed below.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities. including
fraud and non-compliance with laws and regulations, was as follows..
the engagement partner ensured that the engagement team collectively had the appropriate competen￿,
capabilities and skills to identify and recognise non-compliance wilh applicable laws and regulalions..
we identified the laws and regulalions applicable to the charity through discussions with trustees and other
management, and from our commercial knowledge and experience of the charities sector.,
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management and inspecting legal correspondence.. and
identified laws and regulations were communicated within the audit team regularly and the team remained alert to
instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining
an understanding of how fraud might occur, by:
making enquiries of management as to where they considered there was susceptibility to fraud. their knowledge of
actual, suspected and alleged fraud.. and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulalions.
To address the risk of fraud through management bias and override of controls, we..
performed analytical procedures to identify any unusual or unexpeGted relationships.,
-tested journals to identify unusual transactions..
assessed whelher judgements and assumptions made in determining the accounting estimate5 set out in notes to
accounts were indicative of potential bias.. and
investigated the rationale behind Significant or unusual transactions.

MUSLIM WELFARE INSTITUTE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF MUSLIM WELFARE INSTITUTE
In response lo the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to:
agreeing financial statemenl disclosures to underlying supporting documentation.,
reading the minutes of meetings of those charged with govemance;
enquiring of management as to actual and potential litigation and claim5- and
reviewing correspondence with HMRC. relevant regulalors including the Health and Safety Executive, and the
Company's legal advisors.
There are inherent limitations in our audit procedures described above. Auditing standards also limit the audit
procedures required to identify non-compliance with laws and regulalions to enquiry of Ihe directors and other
management and Ihe inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud ¢an be harder to detect than those that arise from error as they may
involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https:11
www.frc.org.ukJauditorsresponsibilities. This description forms part of our auditofs report.
Other matters
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with ' Accounting
and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance wilh the Financial Reporting Stsndard applicable in the UK and Republic ol Ireland (FRS 102)" (as
amended) in preference to the Accounting and Reporting by Charities.. Slatement of Recommended Practice issued
or$ 1 April 2005 which is referred to in the extant regulations bul has now been withdrawn.
This has been done in order for the financial statements to provide a true and fair view in accordance with current
Generally Accepted Accounting Practice.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities {A¢counts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees
those matters we are required to stale to them in an auditor'5 report and for no other purpose. To the fullest extent
permitted by law. we do not accept or assume responsibility to anyone other than Ihe charity and the charity's
trustees as a body. for our audit work, for this report. or for the opinions we have fomied.
J-aLPa
Isenior Statutory Auditor)
For and on behalf of Xeinadin Audit Limited. Statutory Audilor
Chartered Accountants
Ground Floor. Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ
United Kingdom
Xeinadin Audit Limited is eligible for appointment as auditor of Ihe charily by virtue of its eligibility for appointment as
auditor of a company under section 1212 ofthe CompaniesAct 2006.

MUSLIM WELFARE INSTITUTE
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restrictsd
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and legacies
275.289 1,026,572 1,301,861
120.594 1,475,809 1,596.403
Total income
275.289 1,026,572 1,301,861
120,594 1,475,809 1,596,403
Expenditure on:
Raising funds
Charitable activities
9,612
9,612
152,433 1,007,945 1,160.378
10,000
10,000
190,186 1.519,414 1,709,600
Total expenditure
162,045 1,007,945 1,169,990
200.186 1,519,414 1,719,600
Net incomel(expenditure)
113,244
18,627
131,871
(79.592)
(43,605) (123,197)
Transfers between
funds
24.846
(24.846)
11,827
(11.82n
Net movement in
funds
138,090
(6,219>
131,871
(67,765)
(55.432) {123,197)
Reconciliation of funds:
Fund balances at 1 January
2024
317,357
10,429
327,786
385,122
65,861
450,983
Fund balances at 31
December 2024
455.447
4,210
459,657
317,357
10,429
327,786
The statement of financial adivities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing aclivities.

MUSLIM WELFARE INSTITUTE
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Flxed assets
Tangible assets
10
234,109
1,237
Current assets
Debtors
Cash at bank and in hand
11
189,549
40,800
303.543
27.406
230,349
330,949
Creditors: amounts falling due within
one year
12
(4,801)
(4.400)
Net current assets
225,548
326,549
Total assets less current liabilities
459,657
327,786
The funds of the charity
Restricted income funds
Unrestricted funds
13
14
4,210
455,447
10,429
317.357
459,657
327.786
The financial statements were approved by the trustees on
Mr H M Patel
Trustee

MUSLIM WELFARE INSTITUTE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated froml(absorbed by)
operations
17
251,208
(54,103)
Investing activities
Purchase of tangible fixed assets
(237,814)
Net cash used In Investing activities
(237,814)
Net cash generated from financing activities
Net increaselldecrease) in ca$h and cash
equivalents
13,394
{54,103)
Cash and cash equivalents at beginning of year
27,406
81,509
Cash and cash equivalents at end of year
40,800
27,406
10-

MUSLIM WELFARE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charity information
Muslim Welfare Institute is a Unincorporated charity. The registered office address is Unit 301, Daisyfield Mill,
Appleby Street, Blackburn, BB13BL.
1.1 Accounting convention
The financial ststernenls have been prepared in accordance with the charity's governing document. the
Charities Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
and the Charities SORP "Accounting and Reporting by Charities.. Statemenl of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefil Entity as defined by
FRS 102.
The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical c05t convention. The principal accounting
policies adopted are sel out below.
1.2 Going concern
Al the time of approving the financial statemenls, the Irustees have a reasonable expectation that the charity
has adequate resources to continue in operalional existence for the foreseeable future. Thus the Irustees
¢ontinue to adopt the going concern basis of accounting in preparing Ihe financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at Ihe discretion of the Irustees in furtheran¢e of their charitable
objectives.
Restricted funds are subjecl to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors Ihat the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that inoome will be re￿ived.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gifi Aid or deeds of covenant is recognised al the time of the donation.
Legacies are recognised on re￿Ipt or othemise if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
ontingent asset.
11

MUSLIM WELFARE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Contlnuedl
1.5 Expendlture
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.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared cosls. including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one aclivily and
support costs which are not altributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation. net of
depreciation and any impairment losses.
Depreciation is recognised so as lo write off the cost or valualion of assets less their residual values over their
useful lives on the following bases..
Freehold land and buildings
Fixtures and fittings
20h straight line method
150/0 on reducing balance
The gain or loss arising on the disposal of an asset is determined as the differen￿ between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairn)ent of fixed assets
At each reporting end dale, the charity reviews the carrying amounts of its tangible assets to delermine
whelher there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to delermine the extent of the impaiment
Ios5 (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents inGlude cash in hand. deposils held al call with banks. other short-lerm liquid
inveslments with original maturilies of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Flnancial instruments
The charity has elected to apply Ihe provisions of Section 11 'Basic Financial Instruments, and Section 12
'Olher Financial Instruments Issues, of FRS 102 to all of it5 financial inslruments.
Financial instruments are recognised in the charity's balance sheet when the charity be¢omes party.to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, wilh the net amounts presented in the financial statements, when
there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financlal assets
Basic financial assets, which include deblors and cash and bank balances, are initially measured at
transaction price including Iransaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitute5 a financing transaction. where the transaclion is
measured at the present value of the future receipts disGounted at a markel rate of interest. Financial assets
classified as receivable within one year are not amortised.
12-

MUSLIM WELFARE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued}
Basic financial liabillties
Basic financial liabililies, including credilors and bank loans are inilially recognised at transaction price unless
the arrangement constitutes a financing transaction. where Ihe debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cosl using Ihe effective interest melhod.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's conlractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday enlitlement is recognised in the period in which the employee's services are
received.
Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restrictsd
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
275,289 1,026,572 1.301,861
120.594 1,475,809 1.596,403
Expenditure on raising funds
Unrestricted Unrestricted
funds
funds
2024
2023
Fundraising and publicity
Staging fundraising events
9.612
10,000
13-

MUSLIM WELFARE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on charitable activities
Charitable
activities
Charitsble
activities
2023
2024
Direct costs
Albania project
India projects
Bangladesh projects
West Bengal
Other donations
Adoption and hardship project
North Macedonia
810,261
40,055
150,188
915,197
377,705
150,212
30,055
99,094
10.960
3,652
7,450
7,440
1,019,046
1,583,223
Share of support and governance costs (see note 5)
Support
141,332
126,377
1,160,378
1,709,600
Analysis by fund
Unrestricled funds
Restricted funds
152.433
1,007,945
190,186
1,519,414
1,160,378
1,709,600
14-

MUSLIM WELFARE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs allocated to activities
2024
2023
staff costs
Depreciation
Operaling lease charges
Rates and water
Insurance
Light and heat
Telephone
Postage and stationary
Advertising
Sundries
Bank charges
Repairs and renewals
Travel expenses
Governance costs
78.347
4.942
4,813
847
389
2,404
711
6.954
96
10.189
3.189
8,908
8,034
11,509
86,296
218
5.215
215
389
1.265
612
9,109
5,102
3,099
2,435
4,832
7,590
141,332
126.377
Analysed between:
Charitable activities
141,332
126,377
Net movement in funds
2024
2023
The net movement in funds is stated after chargingl(crediling).'
Fees payable for Ihe audit of the charity's financial statements
Depreciation of owned tangible fixed assets
Operating lease charges
5.149
4.942
4.813
5,520
218
5,215
Trustees
None of the trustees (or any persons ¢onnected with them) received any remuneration or benefits from the
charity during the year.
Employees
The average monthly number of employees during the year was-
2024
Number
2023
Number
15-

MUSLIM WELFARE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Employees
{Continued)
Employment costs
2024
2023
Wages and salaries
Social security costs
78,316
31
84,866
1,430
78,347
86,296
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
No remuneration of key management personnel during the year.
Taxation
The charity is exempt from laxation on its activities because all its income is applied for charitable purposes.
10 Tangible fixed assets
Freehol(I land Flxtur•$ and
and bulldlng$
flttings
Total
Cost
Al 1 January 2024
Additions
10,890
10,890
237,814
237,814
At 31 December 2024
237,814
10,890
248.704
Depreciation and impairment
At 1 January 2024
Depreciation charged in the year
9.653
186
9.653
4.942
4.756
At 31 December 2024
4.758
9,839
14,595
Carrying amount
At 31 December 2024
233,058
1,051
234,109
At 31 December 2023
1.237
1,237
11 Debtors
2024
2023
Amounts falling due within one year:
Other deblors
Prepayments and accrued income
135.389
54.160
235,387
68,156
189.549
303,543
16-

MUSLIM WELFARE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Creditors: amounts falling due within one year
2024
2023
Other taxation and social security
Other creditors
A￿rualS and deferred income
230
191
4,380
20
4,380
4,801
4,400
13 Restricted funds
The reslricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 January
2024
Incoming
resources
Resources
expended
Transfers
At31
December
2024
Donations and legacies
10,429
1,026,572
{1,007.945)
(24.846)
4,210
Previous year:
At 1 January
2023
Incoming
resources
Resources
expended
Transfers
At31
December
2023
Donalions and legacies
65.861
1,475,809
(1,519,414)
(11.827)
10,429
14 Unrestrictod funds
The unrestricled funds of the charity comprise the unexpended balances of donations and granls which are
not subject to specific Gonditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 January
2024
Incoming
resources
Resources
expended
Transfers
At31
December
2024
General funds
317,357
275,289
(162,045)
24.846
455,447
Previous year:
At 1 January
2023
Incoming
resources
Resources
expended
Transfers
At31
December
2023
General funds
385,122
120,594
(200,186)
11,827
317,357
17-

MUSLIM WELFARE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15 Analysis of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 December 2024:
Tangible assets
Current assetsl(liabilities)
234,109
221,338
234,109
225,548
4,210
455,447
4,210
459,657
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 December 2023:
Tangible assets
Current assetsl{liabilities)
1.237
316,120
1,237
326,549
10,429
317.357
10,429
327,786
Purposè of Unrestricted Funds
General Fund
Unrestricted funds can be used in accordance wilh the charitable objectives at the discretion of the Irustees.
This fund are used for various administrative and support activities.
Purpose of Restricted Funds
Lillah, Zakat and Sadqah
Restricted fund5 can only be used for particular restricled purposes within the objectives of the charity.
Restriction arise when specified by donor or when funds are raised for particular restricted purposes. Zakat
and Sadqah is used for charitable activity to help and support poor and needy people eligible for Zakal and
Sadqah.
16 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
18-

MUSLIM WELFARE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Cash generated froml{absorbed by) operations
2024
2023
Surplusl(deficit) for the year
131.871
(123.197)
Adjustments for:
Depreciation and impairment of tangible fixed assets
4,942
218
Movements in working capital:
Decreasè in debtors
Increase in creditors
113,994
401
68,395
481
Cash generated froml(absorbed by) operations
251,208
(54.103)
19-