REGISTERED CHARITY NUMBEIL. 1072561 REPORT OF THE TRUSTEES AYD UNAUDITED FINANCIAL STATEMI ENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR METIR MUTUAL CONCERN GB Accounting Solutions Limited Buildino 115 Bedford T￿hnOlogY Pa Thurleigh Bedford Bcdfordshire MK44?YA EHR MtrruAL CONCERIY co.YrENfs OF THE FtNA.NCI.4J, sr.ATEME￿rs FOR THE YEAR ENDED 31 December 2023 P*ge Report of the Tru$ttes I to 7 ndependent FJxamlner's Report Statement of Financial Actlvltles Balance Shert io Cash Floiv Statemtnt Notes to the C4sh Flow Statement 12 Notes to the Fin*ncial St*tements 13 to 18 Detslled Statemeot of Finandal Aetlvities 19 MEHR MtrruAL CONCERrrf REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 Detember 2023 The Injsleas present their TW)rt with the financial slatements of the charity for the year ended 31 December 20J? . The trustees hav¢ adopted the provisions of Accowiliag and ReFN)ning by Clwtties: Ststetnent of Rccommcnded Practice applicablc lo charitits preparin8 theiTaccounlq In acconkince with Ihe Financial Reporting Sthndard opplia9ble in ihe UK and Republic of Ireland (FRS 102) (effective l January 2019). 0￿ECTIVEs AIYD AcfiviTIES Objeetlves alms The principal objcciiiies of the charity arc: l. Social welfare and ed￿ational causes for people either in or from overseas underprivileged countrics. I Such Lharitable purJx)ses as the trustees in their Absolute discretion think fit and. in panicular, without prejuaiee to the g¢nerality of the foregoing. the telief ofpoverty of petsons resident in LuckDOW. UttsrPrad& Indi& Publlc beneflt The charily exisls for the public benefiL Our thcd of tru￿ comnlll ￿ to annual rlnancial don￿l0￿S to (l) slud¢￿9 att¢nding Shia College & st￿ Jai Narain Post Grad￿￿e College in Lucknow: {?) institutions sUPWted by the Tauheedul Muslimccn Tnk5t" (3) welfare and ￿UCational support to individuals in India (Lucknow) Jnd Pakistsn. (4) Sonor Bangla sc.hool in BaT)glud¢sb (Svlet): (5) oiher charitsble Organi￿lonS Ihai suprK)ri our objectives: {6) other eduLalional institutions that support otsr objeetiVC5. The truste￿ bave pven regard to the Charity Commission's 8uidance on publit l)enefit when s¢tiin8 the aims and objectives fur the year. The mAin ￿11¢•¢5 adoptal are to ensure bL%ic Welfa￿ of snmlents and individuals to help thcm succ&85fully complete their ¢duLational studies lo allow them to support themgelvts when they IKcomc adults. Children and stud¢nts rcceivc fjnancial support from the clwiry either directly or indirecily via regtstercd charities nominated and identified by educational institutions bascd on those most in need. Volunteers The ehurity receives no material donaied services and places a minimal reliante on external voluntccrs. Page I LIiEHR MUTUAL CONCERN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 December 2023 ACHIEVEMEKf AND PERFOKh14NCE Charitable gctivities We had a succe5sfi1l year as 7nCOTne frijm our investments Increas￿ as did our reserves. Thus in the current year we incrcascd overdll diynatiow by 21 /• ￿ £34.870 {?022: L?&83.). I10st of this increase is to fiu]d new classr￿￿ furniturc in a TMT Sch￿1. Our doDatii)nOadivilies can be separated into 4 pans: l. Donations to support students dirccily 2. Donations to the TMT 3. 1)oniJti¢)ns to other regysteted cTrfflarities 4. Donations to other educational institutions Don&tlons to support students directly In Lucknow wc dir￿tlY supported 6 stLKlcnts 12022: 6) siudying in vaTiOUS gr8detyars from school ycar 6 10 4th year university {BCom). Overall, fiumling in Indian Rupec (Rs) iernkq w&8 in¢reased compared to the PTevious year due to the favourablc currency exchange rnte Rs501.440 (2022: Rs461,379). The Pound (£) to Indian Rupee (Rs) ¢xchJnge incre8sed frL)m Ry97 w Rb'104.50 ￿ ihc Poulld (£). Th¢Te ivas no inertse ill fundins in Pound {£) t¢nns £4.￿￿ (2022: £4.800). As sLited in previous reports, it is (w aim to the students w¢ s￿nsOr all the way up to university gruduution. We re very aivare as sludents move up ihe education system cosis incre&%e significanily. Therefore we musl balance how many 5tudcnts we can supw)rt ni the ￿me time. W¢ do wani a situalion where wc must slop supporting a studeni if thcy wish to coniinuc iheir S￿dieS at university duc lo a lack of funds. Keeping thai in mind thc In￿teeS decided that we are comfortable with the eurreni number of students {6) are sup￿rted and do not see an increasc soon. The situalion is reviewed every yc8r and due CO￿81der￿liOn is given to see if we ean afford kn support addilionul sludenis. Donatlons to the TMT Scholarshlps gnd hardshlp lundlng Sincc 2014 we have cngaged with the TaUh¢￿Ul Muslimcen Trusi (T￿￿ http.lltauh￿.nCV. a non-profit organisation for educational Rnd cliarilable purKKK Tegi.%icrcd by the Indian Govcrnmenl. lly l]ave hel￿ US Copordinalc our ¢fforts tn Lucknow. This parthership has been very success￿1 in identifying nccdy students across various university colleges Dnd distribLilion of funds lo them. We inereas¢d the flmding by 2￿/0 to £14,460 {2022: £11.937). The main reason for thi5 subslaniial in¢rc•se was the pureb￿ of new furniture (135 ncw desks and chairs) for 3 classr{Jon￿ at thc cost of £5.460. We continue 10 support 12 needy (6 Male + 6 Femal¢} degree students in ternis of fees £33(M) in total for their whole degree course. The tNstccs rcviewed the candidates that iv¢rc identified by the TMT and 8gtr¢>J to support Ihcsc SDJdenis that arc in TMT institules in LI￿kl￿w. We are comfortable that we can support thts¢ students for 3 to 4 years. This policy will bc reviewed on a y(*rly basis. £1.973 funding was provi(led for hardsbip/fJnancial 5uwofL In the Cutte￿ y￿r 158 sutdettis At TMT educational inslirutions (2022: 85) have been given scholarship or hardship ranging from Indian iiupees Rs4(K) to Rs8.(KKJ. The TMT re-established a relationship with Ihe new principal * the '.8hTi Jai Nardin Post Graduale College, and havc on a¢¢ount Rs79.838 to be distributed in 2024. Last year. 2022. R4IKIO was given to 69 stsjdents. £1.477 was given to the TMT for their own clwitable Projec￿ and the tqlan¢¢ to fiuKI scholaT5hips forneedy stsmlents. It was our foundcls wish that w¢ have a balanced approach whilc supwting ￿ligiO￿8 based educational tablishmentslcharities and we should distribvte fimds to different religio￿% and non-religious buscd iThgtitutionslcbariiies. The a￿ ￿atrful that TMT will re-£5tablish a ￿lati[￿s￿lp with the Sbri Jai Nafdin Post GrnduAte College. which is primaTity a Hindu Ittstitutio￿ so that neaty SbHl¢nts can apply for hardthip thnds. MEHR MUTUAL COLYCERN REPORT OF THE TRivsfEES F()R THE YEAR ENDED 31 December2023 In summary in th¢ current year. we hel￿1 158 stu(knts with funding (2022: 154). P3ge 3 MEHR ￿[￿rUAL CO,NCERN REPORT OF THE TRIISTEES FOR TIIE YEAR Ef4DF.D 311)etember 2023 ACHIEVEMEKf AND PF.RFORMANC.E Pn)ject funding The TMT We ￿nded ihe purch&8e of fvrniturc {135 new d&sks and chaits) for 3 classr(x)ms forThe TPrfT at the cost of £5.710. Sonar Bangla School In the previous year we were presented with a proposal to build o new school on land that was ￿Ing acquired in &￿81{7deSh. The new school would be a purwse-buili school and rcplace the euTrent temTM)rary building thai the scl)ool is run from. The ProjLxI was ¢osied an(r would done in phases. Tn￿te&S 1￿C￿l that this would be a projec[ ihat the chariry could support but needed clarification on Ihe land being WUiTed before we would agrec ro proceed with fi￿diD Photos and documcntation were Teceived confirn)ing thai the laThl the has ljeen donating to the 'Sonar Bangla PriTllary Scliool, in favoLir of the school's founder (Dr Sultana Chowdhry). In Ille CUTrenl year there was no movemeni on this project owing io flooding in B8nglad&sh 8nd other cornmilments of the school's founder. We are howevcr still ¢ommitted in principle io fund the building of the sth(M)l. Future We are grate￿1 for the wo& TMT ba8 done OD our behalf in identifying 12 (6 Male and 6 Female). We ure fundingJa&8istin8 With their fee5 and will sw)Wi th<4¢ students until they finish their deg￿ or higher qualifications. We are aware of influtionary pressures on fees aTKI look fonvard ￿ a revisol coslgj prop￿1 for next year. Estimated COS15 on a yearly ba.8is are currently around £3J(KJ a ye4r for the 12 Sludents. In lerni¥ of fvture projects once a 1X￿get has been alloca￿1 by the In￿leeS bascd on investment income for the year and ongoing eommitmenls. we have 2 main ways to idcntify projects for fimdin& We relv on tsur tryslea% to prow projects, and we ask Th¢ TMT for proposals. Merits of the pro￿15 arc disc￿sed and if suitablq funding is all￿41ed. Donatlon$ to other reEl$tered eharitles Finallv. our irustee5 have idet)lified a number of charilies 8nd proje¢ts to suppori. All Truslees that aiiended the ACJM were given an allowance of £l,QOO io donate to ￿tieS/caUses, that meet the objectives of the charity. Funding to them in the current year w&s £9,(KM) (2022.. £6.745). Charities supported during Ihe year were Medccins S8ns Fmntier¢s IMSF). African Village Suppo¢ TMT. Medicol Aid Palestine (MAP). WalerAid and in Need. Due lo th¢ wthquakc in Pakislgn. we donaied £2IXK) midyedr ￿ The DI￿51¢r Emer¥ency Committec {DEC). Since Ihc charity's foundin& the eharity has donaicd £195.575 to various charitablc causes. Donations to Other Educatlonal In5rftutlon5 As agreed in previous years 'Poor in Nced, was givm £7.IMK> (including £1.5(K) In￿tees, donation) (2022.. £6,850 including £750 In￿¢¢C5, donk)tion). This Ch￿ity has built and Tulls n Sch￿)1 in Bangladtsh (Sonar Bangla SchcM)l} on a non-religious basis and provid&% primary education to some of the excluded childr¢n in Bangladesh. A [C￿rt h been provided by thc s¢hool which 15 summarised }￿loW. Sonar B4nglA School Report for MEHR - April 2023 EntrodiKtion The sonar Ban￿￿ S¢lK*)l 15 thrivin8 with more ¢h8n flj children ￿Ing laughi and .supy)rted in different wavs. With your funding ihe Lhildren have been laught English, the Bengali cutriculum and Physical Exercise. Efficicntly run with Ihc dcdicatcd Pritkcipal and 3 tw1￿[S the children wcte taught on a rolating b&si& What ivas done? The funding helped to nm the sch￿1 in tern￿ of. - staff Sdlaries - bills for the bui]d&ng - maintena[￿C - t¢aching materials - snacks lind food foT the chiktr(a) - first aid alld medtcine Issuesldevelopments Page 4 MEHR MUTUAL COYCERN REPORT OF THE TRLTSTEES FOR THE YEAR ENDED 31 Detember 2023 ACHIEVEMEKf AND PERFORMANCE The school had been followtt)g government guidelines on the pandemic #t￿ rneasures have now been liftcd. Many of the children a￿ growing up with the sch￿1 and thcir neats are ehangin& We are al￿ getting new younger children into the sch(￿)1. Th￿r h&5 been positive feedbKk on the suppkn that the children have hild and the fra¢hing from staff members Spend Monltoring The piincipal Sujid R2hrnan r9￿rts to me. Sultana Choudhry. once a weeK OD the sch(x)I's activilies. This is an hour-long in-depth eonvcrsation ab)ut the pupils those who have been given sU￿￿tar certifjcates. the pupils, prngress. the tcaching activities and any other issI￿S arising. Sultana also spe8ks to the l&icbers, on a rota to find our abolit the sehool'8 progres5 and PTovide the tethr with supwKt. Thtre was 4 lot of emergency help given by the teachers such as cash aid, visiting families at home. because of the fl(K)ding a few montlL$ ago which llThnt that many of the children were unable to comc to school and were going withoui rn￿1$ during the day. Concl￿S1on The fvnding you have providcd has been invaluable to the school. The scI)ool has continued with tcachmg and supporting the pupil.s do%pite hardships such as the flwding. The Staff and pupils of Ihe sch(M)l and I would like ￿ thank you very muth foryour support. W¢ would be vcry graieful for your rulU￿ support for finan¢ial stabilily and to build the school building as the old one ha% deeayed hiwely &specially because nf ihe and is currently leakin We will continue to Tun ihe s¢h(KJl. cary on with the successful activities. Your grant hos been invaluable and h&8 made a hug¢ difference lo the lives of these children. their parents in the village as well as for the tea¢hers who have paid cmploymcnl during a lin￿ of cconomic hardship Tlw setKI yots thcir grntifudc and dccp thanks. FLYANCIAL REVIEW Flnancial positio Total inconiing wsources for the yw amounted to £50.838 (2022: £47J58). Toral supry)rt Costs and donatiODS ￿ finxl sttht& educaiional In￿ltU￿ ar￿ other charities amounieAI to £34.870 (2022: £28,832). Investhient iticome inGte4sed by PA from £47J58 to £50.838. This is a solid [￿orn}anCe considcring the Bank of F.ngland has increascd interest rat&s lo rthc inflation in thc eo)nomy and ihis has had a negative cffect on invc.51ments. A lot of our investments are in investment trtLsl8. They were able to distribute dividends as they hislorically have rcvenue reserves to dip inlo when the economic clirnale is bad lo 8mLK)ih oul rciiims. W¢ are alr¢ady s¢x'ing I￿videndS being incrca5cd so hopefully in the ¢urreni y¢ar the income will iwre8S Dve to the stable income this year our income reserves (based on 850/0 Tncome avatl8ble for donations) are now £58.816 {2022'. £50.475), which at our curffnt expenditure lev¢1 is Ju￿ un(kr 2 ytsrs. worth ofrevenue TeserY¢5. We have also started to receive Inte￿ iTthme again this was £543 (2022: Nil). Page 5 .MEHR MUTUAL CONCERN REPORT OF THE TRu￿EEs FOR THE YEAR ENDED 31 Deeember2023 FINANCIAL RF.VtEW Investment policy and objectives Mehr Mutual Concern is dependent OD investn￿￿ income gener3ted from a wirtfolin of investments held at Harwag Lansdown. The charity does not benefiE from local governmeDi grdnts and is solely dyndent on its own fundraising. Total assets now investcd wtth Hargrcaves Lansdovm in a growth and incomc-f0clL￿d portfolio spread across a nuniher of funds (investment funds and investment trusts) and S[￿kS for the YLW were down 16YD w £974.636 (2022. £1,IX￿,733). The ehariWs fvnds have been Jpplied 8s follows: l. Donations lo charitie5 that SUPE￿ ourobjxtives (7 tsities in lh¢ current year) 2. J)¢)ntttirJns supporting schwl fccs, unifornw and stationery for 6 students (from class 6 10 4th ycar university) 3. Donaii0rn8 to TMT to fund hardshiplscholayship fiumls for students acr08.8 various degree ￿llegeS and univcrsities in Lucknow including TMT instituL¥ and Shia PG College and fill￿ing for cla&8room furniture 4. Donthtioos to Tr Poor in Need: Sonar Bangla School, in Batohal. SylheL Bangladesh 5. Administrntion cosis. Reserves policy It is our aim io hold reserv￿ of 2 yeaTS of past expendittwe on donation& In the M￿1]UM teTm. the In￿te¢S wish to in¢rvuse the Charity's reserves to 81 least 3 years, worth of activity. This will ¢nable th¢ charity to fimction withoul financial wory ivhen we support studcnts on 4 year degree ¢ourscs. Only tl)e donation￿￿ndIng lo support S¢udcnts directly and har(LShI￿$ChotarshiP thnding via the TMT arc taken into aceounl when forniulating ihe reservc policy. All other donations we make 8re discretionary based on Incon￿ Teceived in the year. Due to the increase in donations in thc year our revcnue has fallen lo 2.5 years of roscrves. The r￿erveS p)licy will again be revicwed at the nexl AGM after wc have clearcr piclure of all our Isscts llnd income for¢￿t from our XDYCSthuits. FUTURE PLANS Thc cliaiity Temains cautious in the present financial climate Ihal is being affected by the war in Ukrydin¢ and the . events in th¢ Middle East. Wc Still aim tr) donate 850/0 of thc incomc kn g￿1 C￿￿￿.$. Prudcnt managemeni of our ass¢L$ and tlie reserves we have built up should cnabk us lo meel our future c. li I Tr notes fo￿ part ofthese fi[w￿la1 ststements Page 9 MEHR MirruAL CONCERN BALANCE SHEET 31 December 2023 31.12.23 Unrcstrjeted nds 31.12.22 Tottd FIXED A&8 Inv￿tMcnI5 974.636 I.(KK),733 CURRENT ASSETS Debio Cash ai bank 10 10,075 75,943 89A19 .86,018 CREDITORS Amuwits lalling duc within onc ytrdr (600) (600) NET CURRFNT ASSETS $9239 85,418 TOTAL ASSETS LESS CURRE LIABILITtES 1.063375 1.086.15 I NET ASSETS I.063.￿5 1.086.151 FUNDS Unrestricfrd funds 12 1.063075 1.086.151 TOTAL F￿'Ds 1.061875 1.086.151 The financial 8tstements were appTovd by the Blwd of and authorit￿ for iss .. And werc sigmed on its iyhalf by: The notes forn) part of thrye final￿]#1 ststcM￿ts Page 10 MEHR MUTUAL CONCERN CASH FLOW STATEMENr FOR THE I'EAR ENDED 31 December 2023 3J.121I 3J.J122 Nolo8 Cash flows frorn operrdtthg attivities Cash gcnerdted fvom operations 13J53 6.661 Net cash provided by opcrnting a¢tivilics 13J53 6.661 Cash flows fr(>m investin% a¢tivities PurchiW of fLxcd awt invcsunents Inierest Teceii'ed (lo.(￿) 543 cash provided byl(uscd in) investing a¢livities (lO.(K￿) Ch*nge in c&sh Y&nd cash equivalents in the reportin% perlod Cash #nd c#sh equivalents 2t the begiDniJ)g of the reportlng perlod 13J96 (3.339) 75,943 79.282 Cash And t*$h equlvalents at the end of the reporting period 89.839 75,943 The noies fonn part of these financial statements Pagell .MEHR MirruAL CONCERN NOTES TO THE CASH FLOW STATEMENT FOR THE I'EAR ENDED 31 December 2023 RECONCILIATION OF NET (EXPENDITURElllYCOME TO NET CASH FLOW FROM OPERATING A￿]VITIEs 31.1223 31.12.22 Nct (expend5tureylneome for the rtportlmg period {#$ per the Statement of Financial Activitie5) Adjustments for: Lossc5 on investments Intere￿ received Decreasel(increase) ir¢ debtOT5 (22,276) 16.681 26.097 (543) 10.075 55 (10,075) Net cash proTrided by operattons 13J53 6,661 ANALYSIS OF CHANGES IN NET FUNDS At 111123 Cash flow At 31112123 Net cash Cash a( tmnk 75,943 13096 89,839 75,943 13W6 89039 Total 75.943 89,839 Tr noies forni part of these financial stsiements Pagc 12 .MEHR MUTUAL CONCERN OTES TO THE FI.NANCJAL ￿ATE.￿EYTS FOR THE YEAR ENDED 31 December 2023 ACCoU￿1NG POLICIES Basis of preparing the fiDanci21 statements The financial slalements of the charity. which is a public bo)efit entity under FRS 101 have been pre￿ in accorilance with the Charilies SORP (FRS 102) 'Accounling a￿j ￿q￿l￿g by Charitics: Ststmenl of Recommcndcd Prnctice arvlicablc io charities prcparing thciT accounts in accordance with Ihc Fin&incial Rewting Standard applicabl¢ in the UK and Rcpublic of ircland (FRS 102) (effective l Januury 2019),. Financial Reporting Stsndard 102 The Financial Rep)rting sta￿rd appli￿ble in the ifK and Republic of Ircland, and the Charities A￿ 2011. Thc fmancial ststernents have I￿1 prqmred under the historical cost oni'ention. with the ￿eeN10n of invests))ctits which are included at maA£er value. as m(Mlified by the Tevaluation of certain assets. Income All income is rccosni5ed in the .8thtement of Financial Activities once the charity h&8 entitlement to the fimds. it is prnbablc that ihc incomc will be ￿1ved and the amount bc mcasurcd reliably. Kxpendlture Liabijiiics are recogni￿1 as expendilure &5 soon i4 a kgai or coLstrwtive obligalion coniDJIW the charity lo that expenditwe. it is probable that a transfer of ecoJy)mic bcncfits will be wuired in settlement and the amount of the obligation can be M￿ured reliably. Exw}din￿ is account￿1 for on an acc￿￿1$ basis and has been cl8ssifi¢d under h¢adiDgs that aggregate all cost related to the category. Where costs cannot be direcilv .8llribuled lo particular headings they hair E*en nlliuied lo activilies on a basis consislcnl with the use of resourcLs. CzTYDts otT¢r¢d subjecl to WDdition5 which have noi beo) met ￿ thc y¢or cnd date are noted &8 a commitmeni bul not lttrt￿d as eXp￿irure. Taxatlon The charity is exempt from l&x on its charitsble a¢tivilies. Fund a¢eotsntlng Unrcsiricicd funds can Ix used in accord8n¢e with the ¢harittsble objectives at the discretion of the tNstees. Restricted funds can only be ilsed for particular rostricted purrM)Sts Within ihc objects of the charity. Restrictions arise ivhen Jp¢iifiLxl by lh¢ donor or when funds raiscd for particular r&slriclcd purp)scs. Further explanation of the nature and puw of each fund is included in the not&% to the financial gtatrments. INVESTMENT INCOME 31.12.23 31.12.2? InvGstments 50295 543 47,358 47.358 Page 13 continued... MEHR MUTUAL CONCERN NOTV3 TO THE FllY.4NCL4L ST.4TE.MEW15. COHIiBued FOR THE YEAR ENDED 31 December 2023 RAI.STNG FUNDS Raising donations Ind leggcie5 31.1223 31.12.22 SLtpport costs 755 CHARITABLE AcfiviTIES COSTS Gront fi￿dIng of a¢tivities (see note 5) Social wclfarc and educatiOTJ 34070 GRAKfs PAYABLE 31.12.23 31.12.22 Social w¢lfarc and education 34*70 2X.1132 SUPPORT cosrs Management Finan¢e Tot819 Raising donations and le￿¢1£ 55 TRUSTEES, REMUNERATIOh' AIYD BENEFITS wetc no inJslcis' mnuneE41ion or otkn bLbnrfits for thc year ended 31 Decem￿ 2023 for the ycar ended 31 December 2022. Thistees, expense5 There Mtre no trnstee5' expertru paid for the year ended 3J Decemiw 9023 nor for the y￿r .ended 31 December 2022. COMPARATIVLS FOR THE STATEMENT OF FIN￿NCIAL AcnvmES U[￿eStricted fiinds INCOME AND ENDOWMEKfs FROM Investtnent incomc 47.358 EXPENDITURE ON Raising funds 755 Charitsble Jctmtles Social welfare ￿ education 28,832 Page 14 colltinu￿... MEHR MUTUAL COYI CERN NOTES TO THE FIW.4NCIAL STATEMENTS- eeBtiBued FOR THE YEAR ENDED 31 December 2023 CO.NIP.4114TTVLS FOR THE 8TATEMLNT OF FIYANCIAL.4CI]VJTJES- twthiyed Unrestricted 30,677 NET tNCOME 16,681 RECONCILIATION OF FUNDS Tolal funds brvught fonvDrd 1.069.470 T(YfAL FUNDS CARRtED FORWARD 1.086.151 FIXED ASSET INVESTMEKrs Listed invcsttnents IVIARKET VALUE At l JartL￿ry 2023 Rcvaliialions 1,0011.733 {26,097) At 31 Decemi*r 2023 974,636 NET BOOK VALUE At 31 December 2023 974636 Ai 31 Deccmb¢r 2022 I,IXM).733 There were no inveslmcnt 8¥8¢ts outsidc the U Cost orvaluation at 31 Decem￿ 2023 is repres¢oted by: Listed inVLlStm¢nts Valualivn in 2020 ValiRtion in 20?1 Valuation in 2022 Valutttion An 2023 968JOO 22,488 9,945 {26,097) 974,636 Page 15 continued... MEHR MUTUAL CONCER￿, NOTES TO THE FTNANCIAL SrATF.ME￿- contiRued FOR THE YEAR ENDED 31 December 2U23 DEBTORS: AMOUNTS F.4LUNG DITE WITHIN ONE YEAR 31.12.23 31.1?.22 Tradc debtors 10,075 li. CREDITORS: AMOUNTS FALLING DUE WITHIi% ONE YEAR 31.1223 31.12.22 ot￿ creditors 600 12. MOVF,MF.NT IN FUWDS Nct movunent in fimds At 31112r23 At 111tt3 Unrestrlcted funds General fund Founderfs Lega¢y 91 J31 994320 15,913 (3&189) 107,244 9￿,631 I,1￿151 (22276) 1,063J75 TOTAL FL￿5 (22276) I,ib63*75 Net movement in funds. included in the above ar¢ &% follows: Incoming resources Resources Movement expended in funds Unrestrlcted fuDd5 Genernl fund Founderfs Legacy (34,925) (38.189) 15,913 (3&189) 50.838 (73,114) (22276) TOTAL fiTND.S 50038 (73,114) (22376) Comp8rative5 for movement in thnds Nd movemeni in fimds Al 31112122 At 111122 UDrcstrlcted fund$ General fund Foundevs Legacy 74,302 995.168 17.029 (348) 91,331 994,820 1.069.470 16,681 1,086,151 TlYtAL FUNDS 1,069.470 16.681 1.086.141 Page 16 HRMUTUAL COIYCERN NOTES TO THE FINANCIAL sr.4TEMENfs-wntinued FOR THE YEAR ENDED 31 December2023 12. MOVEMENT FUNDS- continued Comparative net movement in fimds, included in the are as frillovn: Incoming Resources Movement expended in funds Unrestricted futtds Genernl fund. Foundels Legacy 46.616 742 (29.587) (1.090) 17,029 (348) 47,358 (30.677) 16,681 TOTAL FUNDS 47J58 3a.677) 16.681 A cutrent year 12 month8 and prior year 12 Th)nths combind position is follows: movement in funds At 3111Y23 At Iiir22 Unrestricted fund Gencr21 fund Foundeds Izgacy 74.302 995.168 32.942 {38.537) 107.244 956,63 I 1.069.470 (5.595) 1,063,875 TOTAL FUNDS. l.Ih69,470 (5595) I.IK)3.87i A Current year 12 m(ynths and pyior year 12 moDihs combined nct movemenl in fiuJd5. in¢luded in the above Orc as follows: Incomin8 resources RLwurces expcnded Movcnicnl in funds Unrestrlcted funds Generdl fund Founderfs Legary 97,454 742 (64,512) (39,279) 32.942 (38,537) 98,196 {103,791) (5.595) TIYI'AL FUNDS 98.196 {103.791) <5595) Page 17 continued... EHR MtryUAL COINCERNL, NOTES TO THE FIN￿NCIAL STATE.MEM5. eontinued FOR THE YEAR ENDEf) 31 December 2023 13. RELATED PARTY DISCLOSURES The￿ W¢TE no related party traTrsactions forthe year eNled 31 December 2023. Page 18 MKHR MUTUAL CONCERN D￿AlLED STATEMENT OF FLNANCIAL ArnIES FOR TIIE YEAR ENDED 31 Detember 2023 31.1??J ?? INCOME AND ENDOWMENTS Investment incomc Invcstmcnts DBPOSit accounl irteT¢b $0295 $43 47.358 47,358 Totsl Intomlng resources 50338 47.358 VXPLNDITURE Charitable activities Grants to individuals 28.832 Other Gainsllosses on investsnenis 38.189 1.090 Support tosts Manllgement Postsge and stationery Flnance Bllnk Charges li 24 Govern•Dce costs Accountan¢y and legal ftes 720 "rotal resources expended 73,114 30,677 Net (expeftdiÉure)fmcome (22,276> 16.681 This page does not forn) part of the statsrtory firnncial stalcments Page 19