CHARITY REGISTRATION NUMBER: 10B2055 Madina House Trust Unaudited Financial Statements For the year ended 31 December 2023 SAK2020 LTD. Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1PU
Madina House Trust Financial .qt3t•>ry.•ents Year ended 31 December 2023 Page Trustees. annual report Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial posrtion Notes to the financial statements The following pages do not fom part of the fjnancial statements Detailed statement of financial activities 13 Notes to the detailed statement of financial activities 14
Madina House Trust TrLl*t#tso' Annual R•anort Year ended 31 December 2023 The Iruslees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023. Report of the trustees for the year ended 31st December 2023 The trustees have the pleasure in presenting their report for the year ended 31st Decernber 2023. This report is prepared in accordance with the Trust Deed and Ihe recommendations of the Statement of Recommended Practice - Accounting and ReFX)rting by Charib'es, and complies with applicable law. Reference and administrative details Regrstered charity name Madina House Trust Charity registration number 1082055 Company registralion number Principal office and registered The trustees Mr K Mustafa Prof S Kidwai OBE Dr Z Khan Dr M Hasan MBE Independent examiner SAK2020 Ltd. Chartered Certified Accountsnts Broadway House Broaijway Cardiff CF24 1PU
Madina House Trust Trusteee. AnniJ#! Report (Cts.-.. Year ended 31 December 2023 Objectives and activities Constitution and objects The Gouncil, which Is a recognised tharity in England and Wales. is operated under the rules of ils Trust Deed dated 24th July 2000. The principal object of the Charty is to provide safer environment lo the distress and troubled youngsters and women, provide counselling and psychological slimulation lo such indniidu81s. Help and support such projects with similar goals. Trustee's responsibilities The charity's trustees are responsible for the preparation of the accounts. The charity's Iruslees consider that an audit is not required for this year {under secbon 43{21 of the Charities act 19931 an that an independent examinatson is needed. It is our responsibility to.. Examine the accounts {under section 4313llal of the 1993 Acll ' To follow the proCedUS laid down in the General Directions given by the Charity Commissioners {under section 4317llbl if the 1993 Act).. and To slate whether parb"cular allenlion have come lo my attention. Risk Management The Trustees assessed Ihe risk to which the chartty exposed. in particular those telalÈd to the operation5 and finance5 of the Council and are salisfied thal systems are in ple to mitigate our exposure to the major risks. Introduction In the 12St six mnths we have continued lo provide essential support to vulnerable women, youths and children. Our rnelhods have included counselling, advc)cacy. befriending and mediation. Prior lo intervention, we've conducted assessments lo better understand the needs of each individual client or famity. This has enabled us to plan and implement effeth.ve support. Many clEnls who come lo us for support are facing a Grisis. feeling hopeless and unabte to move forward. They often experience suicidal thoughts and may have made attempts to end their lives due to feelings of isolation and fear ol being judged. Counselling We have SUPFKJrted a number of women and young git1s through our counselling seivice. Some of the issues they face are complex, necessitating a person cenlred approh. Later in the Irealrnenl process, cognitive behavioural therapy and spirttual guidance are used to prornote self-empowerment. We help these individuals lo regain their selfsteem and confidence in their ability lo make positive choices a5 well as lo build resilien against future challenges by teaching them new, healthy Goping strategies for rnanagement of emotions and thoughts. AdV(aCY This Servi has helped many women and young girls to access other setvices and leel confident that they are being supported and empowered. Some have used this service lo help them access benefits. understand budgeting, create Cvs. engage with business or organisalions via written communicalK)n and obtain information they would not otherwise have access to. Below are examples of dients that have been supported in this way. Bèfriending Our beh"enders provide one lo one emotional support and mentoring to clients. This Servi helps women lo feel they are not alone and gives them something to look forward to once a week. All of our dients who acces5 this servre feel they have a point of contscl lo discuss any low level needs that they may have. They feel confident knowing someone is wi(h them lo go to places and lake part in activities. The befrienders help clients to feel part of Ihe cotnmunity by connecb.ng them with cornmunity events or gatherings. Clients feel they have a associate that they can conlide in but at the sarne time are aware of and respect professK)nal boundarie5_ Mediation Many of Ihe above services have an embedded element of medialK)n. Vvhen providing counselling to
Madina House Trust TrustaK¢' Annijal Reportr f_ Year ended 31 December 2023 wornen, there may be a need to mediate between her and her hvsband or another Èmily rnember to help resolve the situation. Al tirrEs Ihe mediab.on can take pla betsyeen a parent and Iheir child or the client and another seTrice l organisalion. Spiriiual support Many clients are looking for guidance to help them become focused in life and want direction on how lo deal with challenges they face from a faith based perspective. This is where spiritual guidancè and explanations can help clienls f1 connected to what they believe in and improve their wellbeing and the likelihood of success in long term improvements. Seren Fach Our mother and toddler group continues lo provide support for mums and help them f1 confident in ring for their childlchildren. This group has become a peer support group and a place where mums can share infoimation and support each other on i&sues which are culturally sensits"ve. There is an elennI of emotional support where they are able to li51en lo each others cOnrnS. I would like to take this opportunity to thank members of my execulive committee, the ntral working cornmittee and the community for their support, advi. guidance and sheer belief and commitment in our work. I thank Allah s for His mercy on us and pray thal He accepts the work of His servants striving lor the betterment of His creation_ We would also like to thank our fellow trustees, volunteers and the community for their support, encouragement. advice. guidance. assistan and constructive critiusm. Madina House Trust supports Community Care and Wellbein9 Services ICCAWSI, a CIO based in Wales who provide the aforementioned servi5. Madina House Trust prOVe5 approximately £24,000 in financial support lo CCAWS. to assist in covering salaries and volunleEr'5 expenses Small company provi$ions This report has been prepared in accordan with the provisions applicable to companies ents"Iled to the small companiès exemption. The trustees, annual report was approved on .............................. and signed on behalf of thè board of Iruslees by". Prof S Kidwai OBE Trustee Dr M Hasan MBE Tnjslee
Madina House Trust InA#n#nAan• FY2miner's Rpnnrt to the Trustees Year ended 31 December 2023 We report lo the trustees on our examinatton of the financial statements of Madina House Trust I'the charity.) for the year ended 31 December 2023. Respective responsibilities of trustees and examiner The Charity's trustees are responsible for the preparation for the accounts. The charty's tru51ees consider that an audit is not required for the year { under section 4312lof the Charities act 1993 Ithe 1993 Acto and that an independent examination is needed. It is our responsibility to -Examine the accounts (under section 43{3llalof the 1993 Acll -To follow the procedures liad down in the General Directions given by the Charity Commissioners (under section 4317}Ibl of the 1993 Act), and -To slate whether particular point have come lo our attenb.on Independent examinevs statemènt In Connection with our examinab'on. on matter has ctsr to our attention,. 1. which given us reasonable cause to believe that in any material respect the requirements-To keep accounting records in accordance with section 41 of the 1993 Act,. and-To prepare accounts which accord with the accounting records and o)mpty wtth the accounting requirements of the 1993 ACL 2. T¢ which, in our opinion, attention shoukl be dfawn in order to enable a proper understanding of the accounts lo be reached. Independent Examiner SAK2020 Ltd. Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1 PU
Madina House Trust -q•2terp.ont o! Finanfti?l Activitie42 (including income and expenditure account) Year ended 31 December 2023 2023 Unrestrrcted funds Total funds Tot31 fvnds 2022 Notè Income and endowments Other income 55.790 55,7go 45,875 Total income 55.790 55,790 45,875 Expenditure Expenditure on raising funds Costs of raising donalions and legacies Total expenditure 37.903 37,903 37.903 42,773 37,903 42,773 Nol income and net movement in funds 17,887 17.887 3,102 Reeonciliation of funds Total funds brought forward Total funds carrled forward 929, 175 947,062 929,175 926,073 947.D62 929, 175 The stalernenl of financial activities includes all gains and losses rewnised in the year. All income and expenditure derive from continuing activities. The notes on pages 7 to 11 form part of these financial staternents.
Madina House Trust StaLam•nt of Finanrial Pnoitinn 31 December 2023 2023 2022 Note Flxed assets Tangible fixed assets 891.084 655,084 Current assets Cash al bank and in hand 56.178 274,091 Creditors: amounts falling due within one year Net current assets 200 55,978 274,091 Total assets less current liabillties 947.062 929, 175 929,175 Net assets 947,062 Funds of the charity Unrestricted funds 947,062 947,062 929,175 Total charlty funds 929,175 For the year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relab.ng to small companies. Trustees, responsibilities.. The members have not required the company to obtsin an audit of it5 financial st8lemenls for the year in queslion in accordance with section 476". The Iruslees acknowledge their responsibilities for comptying wifh the requirements of the Acl with respect lo accounting records and the preparation of finala1 statements. These financial statements have en prepared in accordance with the provisions applicable lo companies subject lo the small companies. regime These financial statements were approved by the board of trustees and aulhorised for issue on and are signed on behalf of the board by= Prof S Kidwai OBE Trustee a5an MBE Trustee The notss on pages 7 to 11 forni part of thèsè financial statements.
Madina House Trust Nofr#R to •J•.a Firt?ncia! StatAffjenfv2 Year ended 31 December 2023 Statement of compliance These financial statements have been prepad in Complian with FRS 102, The Financial Reporting Stanéard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice applicable lo chaitties preparing their accounts in accordan¢e with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 ICharFties SORP IFRS 10211 and the CompanEs Act 2006. Accountlng policies Basis of preparation The financial slaternents have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and Iiabilitses and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional Cur ncy of the entity. Going concern There are no material uncertaintv&s about the charty's ability lo continue. Fund accounting unrestrict funds are available for use at the discretion of the trustee5 to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular fvture project or Gommitmenl. Reslncted funds are subjected to restrictions on their expenditure declared by the donor or through the lefms of an appeal. and fall into one of two sul>classes.' restricted income funds or endowment funds. Incoming resourtes All incoming resources are included in the ststement of financial actwities when enlittemenl has passed to the charity- it is probable that Ihe economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are appliè(J to particular categories of income.. income from donations or grants is cognIsed when there Is evidence of entitlemènt to the gift, receipt is probable and its amount be measured reliably. legacy income is recognised when rlpt is probable aThY enlrtlement is established. income from donated goods is measured at the lair value of the gDods unless this is impractical to measure reliably. in which case the value is derived from the cost lo the donor or the eslimaled resale value. Donated facilities and SeNiS are recognised in the counts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of servIS is recognised with the delivery of the contracted service. This is classrfied as unreslricled funds unless there is a conlraclual requirement for it to be spent on a partlar purpose and returned if unspent, in which Gase il may be regarded as ie51ricled.
Madina House Trust Noas tn th.A Fin?npial Rtstanients (nts-... Year ended 31 December 2023 Accounting policies (¢ontinuedJ Resources expended Expenditure is re¢ognised on an accruals basis as a liability is incurred. Expendiluo includes any VAT which cannot be fulty recovered. and is classified under headings of the slalernenl of financial activities to which it relates". expenditure on raising lunds includes ihe costs of all fundfaising activities. events. non-charitable trading aclivib"es, and Ihe sale of donated goods. expenditure on charitable acbvitie5 indudes all costs incurred by a charity in undertaking activities that further ils chartlable aims for the benefit of ils beneficiaries including those support costs and costs relating to the govefflan of the charity apportioned lo charitable activities. other expenditure indudes all expenditure that is neither related to raising funds for the ctharity nor part of rts expenditure on charitable acttvities All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs allributable lo a single activity are all¢)cate(I directly to that activity- Shared costs are apportioned beeen the activities they contribute to on a reasonable. justifiable and consislenl basis. Tangible assets Tangible 35sets are inilialty recorded at cost. and subsequentty stated at cost less any accumulated depreatIon and impairment losses. Any tangible assets c8rried al revalued amounts are recorded al the fair value al the date of ievaluation less any subsequent accumulated depreciation and subsequent accumulated itnpairment losses. An increase in the carrying am(MJnt of an asset as a result of a revaluation. is recognised in other cogni5ed gains and los*s, unless il reverses a charge for impaim)ent that has previously been cognised as expenditure within the slalemenl of financial &tivities. A decrease In the carrying amount of an asset as a result of revalualion. is recognised in other recognised gains and losses. eXp1 to which Il offsets any previous revaluation gain, in which case the loss is shown within othei recognised gains and losses on the statement of financk31 activities. Impairment of fixed assets A review for indicators of impairment is carried out al each reporting date, with the recoverable 2rnounl being eslimaled where such indicators exist. Where the carrying value eXedS the recoverable amoun( the asset is impaired accordingty. Prior impairments are also reviewed for possible reversal al each reporting date. Foi the purposes of impairment testing, when it is not possible to estimate the recoverable aUnt of an individual asset, an estimate is made of Ihe recoverable amount of the cash-gèneraling unil lo which the asset belongs. The cash4Jenerating unil is the smallest Identifiable group of assets that includes the asset and generates cash Inflows that laryely Independent ol the cash inflows from other assets or groups of assets. For impaimient testing of goodwill. the gc%)dwill acquired in a business combination is, from the acquisition dale. alloGated lo each of the ¢ash-generaling units that are expected lo benefit from the synerg$ of the combination. irrespective of whether other assets or liabilities of the charity are assigned lo Ih05e units.
Madina House Trust Year ended 31 December 2023 Accounting policies (continuedj Financial instruments A financial asset or a finanaal liability is recognised only when the charty becomes a party to the contractual provisions of the instrument. Basic financial instruments are inilialty recognised at the amount re[Vable or payable including any relaled transactson costs. Current assets and current liabilities are subsequently measured at Ihe cash or Dlher consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised ¢t. lfvhere investments in shares are publicly traded or their fair value can olhetwise be Measured reliably, the investment is subsequently measured al fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measLJred at cost less impairment. Other financial instruments. including derivatives. are initi.ally recc¥Jnised at fair value, unless payment for an asset is deferred beyond normal business terms or financed al a rate of interest Ihal is not a market rate, in which case the asset is measured al ihe present value of the future payments di¥ounled al a market rate of interest for a similar debt instrument. other financial instruments are subsequently measured at fair value. with any changes iecognised in the statement of financial acbvities, wilh the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are review for objective evidence of impairment al the end of each reporb.ng date. If there is objecb.ve evidence of impairment, an impairment loss is iecc>Jnised under the appropriate heading in the ststement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significanee. and other financial assets that are indivrdually significant, these are assessed individually for impairment. Other financial assets are either assessed IndNidually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately. to the extent thal the reversal does nol result in a rryIng amount of the financial asset that exceeds what the earrying amount would have been had the impaiment not preVusty trken recognised. Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 FLJnds 2022 Rent Re¢eived 55,790 55,790 45,875 45,875
Madina House Trust Nota* +0 the Finantrial qtatAments i:=-, Year ended 31 December 2023 Costs of ralsing donations and legacies Unrestricted Total Funds Unrestricted Totsl Funds Funds 2023 Funds 2022 Costs of raising donations and legacies - Donations 37.903 37,903 42.773 42,773 Stsff costs The average head count of employees during the year was Nil12022." Nill. No employee received employee benefits of nK)re than £60.000 during the year12022.. Nill. Tangible fixed assets Freehold property Cost At 1 January 2023 Additions 655.084 236.000 At 31 December 2023 891.084 Depreciation At 1 January 2023 and 31 December 2023 Carrying arnount At 31 December 2023 891,084 Al 31 December 2022 655.084 Creditors: amounts falling due wtthin one year 2023 2022 Accruals and deferred income 200 10
Madina House Trust Year ended 31 December 2023 Analysis of charitable funds Unrestricted funds At 31 Decembe r 2023 1 January 20 23 Income Expenditure General funds Unrestricted fund 7 - desc in ¥cs 65.079 864,096 55,7 137,903) 82,966 864,096 929,175 55.790 {37 9031 947,062 Al 1 January 20 At 31 December 2022 IOrne Expenditure General funds Unreslricled fund 7 - desc in alcs 61,977 864.096 45,875 142.7731 65.079 864,096 926,073 45.875 (42.773} 929,175 11
Madina House Trust ManagtsmAnt Information Year ended 31 December 2023 The following pages do not fom part of the financial ststernents. 12
Madina House Trust natajlaA StatpmeD.t of FIn2cIal Activities Year ended 31 December 2023 2023 2022 Income and endowments Other income Rent Received 55,790 45,875 Total income 55.79D 45,875 Expenditure Costs of raising donations and legacies Management Fees Repairs & maintenance Cleaning & Refuse Accountancy Fee Sundry Bank Charge Legal and professional fees Insurance Donation lo other Charits'es 7.318 6.308 4,679 11.332 240 200 307 55 1,365 595 24.000 200 16 60 24.001 37,903 42,773 Total expenditurè 37.903 42,773 Net income 17,887 3,102 13
Madina House Trust bjrtttss to thA DeL. Starthm¢n+ of FiD.ancia! taptiyjtjos Year ended 31 December 2023 2023 2022 Costs of raising donations and legacies Costs of raising donations and legacies - Donations Management Fees Repai & maintenan Cleaning & Refuse Accountancy Fee Sundry Bank Charge Legal and professional fees Insurance Donation lo other Charities 7.318 6.308 4,679 11,332 240 200 16 60 307 55 1,365 595 24,000 42,773 24,001 37.903 Costs of ralsing donations and legacies 37.903 42,773 14