Audited Financial Statements 2022-23 MINHA VELFAR ORG FOOtsP 'Vy *Minhaj MINHAJWELFARE.ORG |About us
MWF World Map
Orphan Care Homes
Our Girls Our Future
Educare
Orphan Care Complex
Raise a Family
Water for All
Healthcare
Qurbani
Emergency Relief
HelpFeed Million Meals
Volunteering and Fundraising
Local Projects
Dates for a Cause
Ways to donate
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32|CONTENTS| |---|---|---| Minhaj Welfare Foundation was founded in 1989 as a compassionate response to the rise of inequaliy and poverty in Pakistan. Since then it has been serving and striving to make the world a better and fairer place. One of the key and foremost reasons for the establishment of Minhaj Welfare Foundation was to establish a network of schools that will provide a quality education which would be accessible to the economically deprived communities of Pakistan. ## MWF strongly believes that education is the most crucial foundation stone of any society; without which the development and progress of any nation is not achievable. Since our establishment, we have built 640 educational institutions including schools, colleges, libraries and a University catering more than 150,000 students and through this we are contributing to the livelihoods of over thousands of families through the employment of our academic and administrative staff. MWF strongly adheres to the philosophy that education should be supplemented with rigorous moral and ethical training so that the students make a positive contribution to the development of their communities. Inspired by our faith and guided by our values, we envisage a peaceful world where communities are empowered, social obligations are fulfilled and people respond to the needs and suffering of others. Minhaj Welfare Foundation takes the principle view that there is no greater priority in life than to lift the poor out of poverty. **----- Start of picture text -----**
Haiti
Emergency Relief
Educare
Food & Shelter
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Nigeria
Educare
Water & Sanitation
Healthcare
Sustainable Living
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Bosnia Emergency Relief Help Feed **----- Start of picture text -----**
UK
Minhaj College
Homeless
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Audited Financial Statements 2022-23 Page 4 n Sanitation Turkey Emergency Relief Food Packages Orphan Care Home ## Tanzania Education Eradicating Poverty ## Palestine Student Sponsorship Medical Aid Eid Gifts Qurbani ## Kenya Educare Water & Sanitation Healthcare Sustainable Living Qurbani Kyrgystan Emergency Relief Food Packages Medical Aid Pakistan Emergency Relief Educare HelpFeed Water & Sanitation Orphan Care Home Our Girls Our Future Rasie a Family Ambulance Service Free Eye Surgery Healthcare Qurbani ## India Emergency Relief Educare HelpFeed Water & Sanitation Poverty Relief Qurbani ## Nepal Emergency Relief Educare HelpFeed Water & Sanitation Medical Aid Qurbani Bangladesh Aid for Rohingya Clean Water Educare Medical Care Qurbani Indonesia Sustainable Living Water & Purification Orphan & Widows Japan Emergency Relief Syria Emergency Relief Educare Food Packages Medical Aid Qurbani ## Somalia Educare Water & Sanitation Healthcare Iraq Sustainable Living Food Programs Qurbani Eid Gifts Seasonal Programmes Audited Financial Statements 2022-23 Page 5 ## ORPHAN CARE HOMES **----- Start of picture text -----**
Healthcare
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Audited Financial Statements 2022-23 Page 6 The Orphan Care Home provides each child with their basic (food, water and shelter), developmental (school, medical care, vocational training, and life-skills), and their emotional needs (the opportunity to be a part of a family again, to work through the grief of losing their parents in a secure and caring environment). oÈa In developing countries, millions of girls are denied the chance to develop skills that will help them take charge in their homes, careers, communities and countries. Minhaj Welfare Foundation builds an environment with safe, quality and transformative education for girls so they may find their voice and learn to lead. Through the “Our Girls Our Future” initiative, MWF is directly supporting thousands of girls to get the education they need to transform their lives and secure their futures. This means working to ensure quality and safe education for all girls, including in remote and marginalised areas. MWF has built girl-only schools and colleges, and orphan care homes in which young girls are now able to access quality education, boarding facilities, and vocational training centres. Page 9 Audited Financial Statements 2022-23 Through a community led model, MWF opened its very first school in the drawing room of a home belonging to a local volunteer in Pakistan. MWF has built 640 educational institutes (including primary and secondary schools) in Asia and Africa alone. # 640 EDUCATIONAL INSTITUTES 150,000 Students 8000 Teachers Through **Minhaj Education Society** , MWF is to build bigger and modern classrooms providing quality education to provide scholarships to students to advance in their studies to ensure every child receives the best form of both secular and religious education # ORPHAN CARE ## Admin & Recreation It will also serve as a management hub for all the different complexes. This complex will include a mosque, management offices, Security & CCTV monitoring centre, Auditorium, Indoor Sports Hall, Industrial Kitchen, Warehousing and Distribution Centre Facilities. ## Educational Complex 100 classrooms and nursery facilities are equally distributed in two complexes for boys and girls each. The educational facilities will serve academic as well as recreational needs of over 2000 children, from the age of nursery up to high school. ## Sustainability Pakistan is an agronomic zone country. To develop sustainability initiatives for the residents and users of the complex, we aim to dedicate acreage to harvesting crops and the development of a livestock farming centre. Providing local communities growth opportunities as well as providing the complexes with a self-administered sustainable means of resources. ## Boarding Complex 100 apartments are equally distributed between two complexes for boys and girls each. Boarding facilities will incorporate all the accommodation needs of a normal family unit within each apartment. Additional shared social spaces like Gym, dining halls, outdoor lawns will also be included. **----- Start of picture text -----**
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MWF Summary Report 2022/23 RAISE A FAMILY **----- Start of picture text -----**
BUSINESS
START-UP
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## STABLE FAMILY SECURE FUTURE FAMILY START-UP SUPPORT **خاندانی کفالت** As part of its ‘stable family, secure future’ - family start up support programme - Minhaj Welfare Foundation provides newly married couples (that come from deprived backgrounds) and their families with an amazing ‘gift of marrige’ by ensuring both the man and wife are better equipped to take part in the development of their society and help to restore their self-esteem. WATER FOR ALL MWF has built more than Water Facilities **10,000** Providng more than **1MILLION** people with access to clean and safe drinking water HEALTHCARE “ Minhaj Welfare Foundation believes that healthcare is a universal right for everyone. We believe that families should not suffer needlessly because they lack access to health services. Today many people are unable to access health services because of poverty, their rural locations, or marginalisation. Page 18 Audited Financial Statements 2022-23 Minhaj Welfare Foundation through its dedicated team of doctors and trained medical experts provides access to basic health care to the poor and needy around the world. MWF has established free medical camps (providing free blood check-ups, free medical advice, etc), small dispensaries, ambulance services and mobile surgeries. MWF setup free eye camps in which trained surgeons carry out cataract surgery on thousands of patients. Through our intervention we have Prevented many mothers from losing their babies during birth, saved young children from diseases uch as malaria, diarrhea and from other water borne diseases, saved thousands of lives every year. Page 19 Audited Financial Statements 2022-23 One of the most important aspects of faith is to help feed the poor and the hungry. This is why every year, MWF joins the world’s largest ‘helpfeed’ campaign to provide food security to communities in need. Qurbani is one of the many humanitarian steps taken by MWF in alleviating poverty in the developing world. Since 1989, more than 278,923 Qurbanis and 1,532,287 Qurbani meat packs have been distributed by Minhaj Welfare Foundation in the most poorest regions of the world reaching 5 million beneficiaries. Minhaj Welfare Foundation’s seasonal Qurbani campaign is carried out in Syria, Palestine, Kenya, Somalia, Nepal & Bangladesh (Rohingya refugees), India and Pakistan. **----- Start of picture text -----**
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## 01 EAST Africa The Qurbani programme is implemented in the North East region of Sub-Baomo location in Kenya (bordering Somalia). In Somalia our teams help to distribute Qurbani meat in IDP camps in Mogadishu and southern regions of the country. ## 02 SOUTH ASIA Our experienced team travels to rural areas of Pakistan and India. With a largest network of volunteers, we reach hundreds of thousands of households across the region ensuring that they too can share the joys of Eid. In Nepal and Bangladesh, we are working in hard-to-reach areas affected by natural disasters. Our focus is mainly on the Rohingya refugees who have fled their homes in Myanmar. We are providing Qurbani meat in make-shift homes and camps set up for the Rohingya refugees. MWF has a long term committment to help the Rohingya people. ## 03 MIDDLE EAST The Syrian and Palestinian people have been facing severe persecution, leaving millions homeless and without basic essentials. The ongoing conflict has taken thousands of lives. Through our local teams, MWF reaches out to both Syrian and Palestinian refugees living on the Turkey and Jordan border. tVfERGENQY :_ V ltsphoj RELIEF- 4a1 Millions of people have been affected by heavy rainfall, flash floods and landslides since July, as Pakistan endured more than 80% of its normal total monsoon rainfall in three weeks. Overall, the country sees its eighth cycle of monsoon rains. Thousands are without food and shelter in Balochistan, Khyber Pakhtunkhwa and Sindh provinces, which have been most affected by this humanitarian disaster. Minhaj Welfare Foundation has expanded its relief work in the flood-hit areas of Pakistan by rebuilding homes and livelihoods for displaced families. An estimated two million houses were completely damaged. As water showed signs of receding in many areas of southern Punjab and Sindh, families started returning to their homes. MWF is significantly scaling up its response in Pakistan to ensure long-term support for 1 million people affected by the devastating impact of unprecedented floods on infrastructure, food security, and livelihoods. We are planning to rebuild homes for flood-affected families and rehabilitate clean water supply and sanitation facilities. From the communities living in Gilgit Baltistan’s remote mountains to the flooded farmlands of south Punjab, our teams have been committed to delivering your aid to displaced families. Page 23 ## HELPFEED MILLION MEALS As the world faces economic deficit, and the widespread and longevity of Covid19 penetrating many lives, more people than ever need lifesaving food assistance. With the rate of hunger globally increasing, Minhaj Welfare Foundation has launched HelpFeed 1 Million Meals to meet this growing need. HelpFeed 1 Million Meals is an initiative of Minhaj Welfare Foundation’s 2021 campaign – the world’s largest campaign to End Global Hunger. Every year, MWF reaches those in need with food assistance in Asia, Africa and the Middle East. This Ramadan, we aim to HelpFeed 1 Million Meals to those severely affected by extreme poverty; through our community kitchens, we will be providing Sahoor and Iftaar Meals and distribute Ramadan Food parcels around the world. Pverty is one of the major causes of hunger. This includes lack of resources and unequal distribution of wealth for the poor and needy, global conflicts and pandemics. PTE 4¢•¢ J ALK Minhaj Welfare Foundation is built upon the hard work and dedication of volunteers. Being a part of Minhaj Welfare Foundation is a great way to meet like-minded people in your community, and to make a huge difference to the lives of women and children living in poverty. At MWF, we provide an opportunity to our volunteers from all ages, backgrounds and interests, who love organising fundraising events and activities in their local area. All for a good cause. MWF believes volunteering can create a positive impact for the individual. As such, we are committed to investing in and supporting MWF volunteers. Ways to volunteer with MWF - s Organise an event - s Participate in a challenge - s Volunteer at an event - s Distribute campaign material - s Hold a market stall - s Engage your neighbourhood - s Participate in deployment trips - s Bucket collections - s Build a network of money boxes - s Create your crowdfunding page Audited Financial Statements 2022-23 Page 26 FUNDRAISING MINHAJ WELFARE. 01 SEMINARS ## 02[MINHAJ COLLEGE MANCHESTER] ## 03 RESEARCH & PUBLICATION ## 04 HOMELESS ## 05[AWARENESS] ## 06[COMMUNITY RADIO] LOCAL PROJECTS MINHAJ COLLEGE P4WF 202¥25 Share these delicious Palestinian dates with family and friends Use the can to store change Donate your fundraiser to make a difference ## Since 1989 race, relgion, language or sect.[;] We thank our supporters for their growing trust in our organisation: sharing peace, love and harmony with the less fortunate worldwide, regardless of ## BANK TRANSFER For UK (GBP - £) Bank Name: HSBC Sort Code: 40-15-17 Account No.: 21 65 18 03 IBAN No.: GB95 MIDL4015 1721 6518 03 SWIFT: MIDLGB211 4H For EUROPE (EURO - € ) Bank Name: Barclays Bank Plc Sort Code: 20-82-14 Account No.: 74 80 04 55 IBAN No.: GB32 BARC 208214 7480 0455 SWIFT: BARCGB22 For US (DOLLAR - $) Bank Name: Barclays Bank Plc Sort Code: 20-82-14 Account No.: 87 70 95 33 IBAN No.: GB79 BARC 208214 8770 9533 SWIFT: BARCGB22 ## TELEPHONE DONATIONS ## CHEQUES BY POST ## ONLINE DONATIONS To make a donation over the phone using your debit/credit card, please call us directly on: 0300 30 30 777 (UK) +44 20 3375 4730 (INT.) 1-888-9-646425 (US/CA) Please make cheques payable to MWF and post to Minhaj Welfare Foundation, 5 Christie Way, Manchester, M21 9QY Visit our website minhajwelfare.org Registered Charity Numbers: England & Wales 1084057 Scotland SC043566 MWF Summary Report 2022/23 Page 31 **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023** **_____________________________________________** The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## OBJECTIVES AND ACTIVITIES ## OBJECTIVES AND AIMS The organisation, Minhaj-ul-Quran Welfare Foundation ‘MWF’ is a registered charity and was established by a Trust Deed made on the 10th May 2000, which was first amended on the 7th December 2000 and registered with the Charity Commission on the 11th December 2000. The Trust Deed was then amended in October 2012. The charity is governed under the Trust Deed Minhaj Welfare Foundation (MWF) is a Worldwide Humanitarian Development organisation helping to support the poor and needy in marginalised communities working for their basic human rights, providing children access to Education, providing the poor access to Basic Health Care and the means for Social Economic & Welfare support for the deprived within the developing world. It aims to work in removing short term difficulties and is committed to work to its long term and sustainable goals in South Asia, Middle East, Africa, UK, Europe and North America. The core objectives of Minhaj Welfare Foundation can be summarised into the following - a. The relief of poverty, sickness, distress and suffering of any persons who are in need irrespective of their nationality, race, ethnic origin and religious beliefs. - b. The advancement of other charitable purposes for the benefit of the public to provide recreational facilities and activities in the interests of social welfare with the objective of providing the conditions of life for those persons in need of such facilities. - c. The advancement of research & development and education for the public benefit concerning the teachings of Islam. ## SIGNIFICANT ACTIVITIES The charity invested heavily its time and resources in the advancement of all its purposes mentioned above. Its most significant activities were focused around providing the needy with life’s necessities, such as clean water and food, and education through its institutes and sponsorships. Audited Financial Statements 2022-23 Page 32 **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023** ## **_____________________________________________** The charity also supported Minhaj College Manchester in furtherance of its educational objectives and FMRI in furtherance of its Research and Development goals. The charity also had a major presence in the relief efforts following the Pakistan floods in 2022. ## VOLUNTEERS Volunteers are an important resource in both faith and community work. Volunteers are involved in most of our community activities, and we have volunteers regularly giving their time. All our trustees also give their time freely. We encourage all members of our organisation to be involved in voluntary activities and to share their skills with others. ## ACHIEVEMENT AND PERFORMANCE ## CHARITABLE ACTIVITIES Over the past years MWF has been extensively working to improve its administrative procedures and ensure a more efficient and effective aid/project delivery procedure. Our media campaign was run through social media, google advertising, and community radio stations across the UK to help promote all our campaigns including our seasonal Ramadan and Qurbani campaigns. Another significant campaign was the World Orphan Day appeal to raise funds for our Orphan and Needy Projects, and the Pakistan Flood Relief appeal for the flood victims in 2022. The Fundraising, Donor Relationship, Volunteer management and Community engagement Departments hosted many community engagement, educational, recreational and fundraising events and activities. Our digital presence has also remained consistent following our efforts on it last year. ## CAMPAIGN OF PROJECTS DURING THE YEAR: ## WATER FOR ALL As part of its vision to provide clean and safe drinking water to the poor and needy in the third world, Minhaj Welfare Foundation has built more than 850 clean water facilities during the year, including large Solar Water Projects providing taps for entire communities. These were all built in rural and marginalised areas of the world reaching out to the poorest communities and ensuring people in those regions have long term access to clean drinking water. MWF believes that by providing the source to clean drinking water via a safe water supply, health risks will be reduced, and it will be easier for people to engage in more productive activities like education, securing an income for their families, and growing food. Audited Financial Statements 2022-23 Page 33 **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023** **_____________________________________________** ## PAKISTAN PROJECTS: SUPPORTING A NUMBER OF PROJECTS IN THE YEAR One of the main thematic and focus areas of Minhaj Welfare Foundation’s humanitarian and development work is in Pakistan. With donors help, MWF delivers a continual supply of life-saving emergency aid (which includes Zakat, Sadqah and General donations) as well as supporting families with education, healthcare and livelihoods. The key program sector that Minhaj Welfare Foundation has covered over the year are: 1. CHILD SPONSORSHIP: Minhaj Welfare Foundation is aiding orphan and needy children through its child sponsorship program (which includes financial, educational and living support). In addition, it is also supporting a number of Orphan care homes. 2. HELPFEED (FOOD SECURITY): providing food parcels, Iftar, hot meals during Ramadan, Rabiul-Awwal and other programs throughout the year. 3. EDUCATION FOR ALL: Providing scholarships to students at schools and universities.. 4. STABLE FAMILIES: Rehabilitating and providing homes for poor and needy families. 5. EMERGENCY RELIEF: Minhaj Welfare Foundation is always responding to all major disasters and crises in Pakistan, including the devastating floods that hit the country in late 2022. 6. INFRASTRUCTURE DEVELOPMENT (BUILDING): Establishing schools, dispensaries, halls, mosques, vocational training centres and safe spaces of learning. 7. HEALTHCARE: Supporting dispensaries, carrying out mobile clinics, covering the surgical costs for needy patients. 8. The FMRI Pakistan has a team of scholars who work on research and development of both traditional and contemporary books written in Urdu, Arabic and English. The books are then used by schools, Islamic seminaries, universities, students and teachers alike all over the world. ## LET’S REVIVE: UK PROJECTS Through the Let’s Revive project, MWF has been supporting various UK based educational, youth and research initiatives over the year. The two flagship projects include the Minhaj College Manchester (MCM) and the Fareed-e-Millat Research Institute UK (FMRI). We are a sponsor for Minhaj College Manchester (MCM). MCM is an accredited independent further education institution in Manchester which provides formal college level qualifications alongside religious education. The FMRI UK has a team of UK and Egypt based scholars who work on research and development of both traditional and contemporary books written in Urdu, Arabic and English. The books are then used by schools, Islamic seminaries, universities, students and teachers alike all over the world. Audited Financial Statements 2022-23 Page 34 **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023** **_____________________________________________** ## HELP FEED KITCHENS We set up kitchen projects in Pakistan and Bangladesh to help feed meals to thousands of families in need, providing cooked meals to the poor at discounted rates. The project has seen success in Jhelum and will be expanding to other areas soon. This project should also help improve the scale of food relief we are able to provide in humanitarian crises in these regions. ## AID FOR REFUGEES MWF continues to support ongoing emergency relief efforts and refugee crises by mobilising its local teams. Our focus is to provide clean drinking water, food, medical supplies, and other essentials, as well as providing shelter to the refugees. We are providing aid to the Rohingyan and Middle-Eastern refugees in neighbouring countries ## COMMUNITY ENGAGEMENT MWF hosted physical events to engage and educate the community, raise awareness & funds for our projects, and improve brand awareness. Key events included: ## COMMUNITY IFTAR AND MAWLID EVENTS Several community Iftar events were arranged which were open for anyone to join and other faith representatives were present. We similarly had Mawlid events throughout the country, arranged and supported by our local volunteers. ## NASHEED EVENTS In March 2023, MWF arranged Naat events throughout the country. The events were hosted in collaboration with volunteers to engage the community, raise awareness and to fundraise for the Turkey earthquake relief efforts. ## SPORTING EVENTS This year, we hosted multiple ‘MWF T10 Cricket Blast’ tournaments in the London and Yorkshire. MWF engaged the local community to form cricket teams to play in each tournament, and volunteers to support us for food and drinks. This enabled us to reach a grassroot level audience. We hope to continue expanding on such community events going forward. ## ONLINE EVENTS MWF hosted several online events during the year. In February 2023, we hosted an online event which we titled the AGM 2023. This was an event in which we reflected on the previous year with our donors and volunteers, giving them an overview of our performance and a brief glimpse at our plans for the coming year. We also provided an update on the Orphan Care Complex and requested support for the project. We also had Eid get-togethers with volunteers to appreciate their efforts throughout our busiest Audited Financial Statements 2022-23 Page 35 **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023** **_____________________________________________** ## campaigns. ## CROWDFUNDING The Fundraising and Donor Retention Team helped many donors set up crowdfunding pages on JustGiving in support of our various projects. MWF also challenged donors to fundraise in their own ways. Donors and volunteers raised funds through Milad Desserts by baking and selling cakes. Similarly, we hosted several challenges and activities for charity. Donors and volunteers raised funds by asking their local communities to sponsor them to take on these challenges. ## VOLUNTEER SUMMIT In February 2023, we had our first volunteer summit. This was a new type of event in which we gathered our volunteers for workshop sessions. This gave them a chance to meet and interact with our staff, while informing them of opportunities and training them on fundraising methods. We also had a volunteering expert as a guest speaker for this event. ## MD’S NORTH AMERICA TOUR The Managing Director of MWF visited North America in December 2022 to meet with local partners and volunteers. ## QURBAANI - JUNE / AUGUST 2022 MWF, as part of its seasonal campaigns during the festive days of Eid (Hajj), through its network of volunteers and programme team, travelled from the UK to support with distribution of food to poor and needy families. ## PAKISTAN FLOOD RELIEF – ONGOING MWF was one of the first charities on the ground helping the victims of the biggest floods to hit Pakistan in recent history. We provided food, shelter, clothing, medical aid, and all of life’s necessities to the victims. Once the floods started to recede, we began Rebuilding their Homes projects which are still ongoing. We are rebuilding the areas and villages devastated by the floods, enabling the victims to return to their lives. ## TURKEY EARTHQUAKE RELIEF - ONGOING MWF sent our teams on the ground to help the victims of the earthquake in Turkey. We provided food, shelter, clothing, medical aid, and other necessities of life to the victims ## ORPHAN CARE COMPLEX The Orphan Care Complex is our new flagship project with state-of-the-art facilities to accommodate 1,000 students; both boys and girls. This project will also provide educational facilities to 2,000 students. This project is a continuation of our Aghosh orphan houses where we Audited Financial Statements 2022-23 Page 36 **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023** ## **_____________________________________________** provide support to orphans from poor and deprived backgrounds in Pakistan in a safe and secure environment. We want to develop this project as one of the largest projects in the sub-continent of this nature. ## OUR GIRLS, OUR FUTURE PROJECT This initiative was to provide support to girls and young women from poor and deprived backgrounds in Pakistan in a safe and secure environment. The project is divided into phases, which includes a college which will facilitate 500 girls in more than 15 classrooms, providing them with accommodation, prayer area, mosque and water and sanitation facilities. In addition, the project will include classes for elder women to provide them training and skill sets to develop business ideas for them to become empowered. ## AL A’ZAMIYYA INSTITUTE This will be an independent degree awarding institute which will be a grand centre of learning and education. The institute will specialise in Islamic Sciences, striving to produce honest, cultured, and qualified scholars for the prevalence of Islamic values. It will offer multi-faceted, future-oriented, and practical education in both religious and contemporary studies, including English language and literature. ## FINANCIAL REVIEW ## RESERVES POLICY It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equate to approximately three to five months unrestricted expenditure. This provides sufficient funds to cover management and administrative and other related costs. Unrestricted funds were maintained at approximately this level throughout the year. ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## GOVERNING DOCUMENT The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## RELATED PARTIES The charity has a close relationship with its sister charity Minhaj-ul-Quran International, which is also a registered charity. One of the charity’s trustee was also trustee of the Minhaj-ul-Quran International although both charities are independent in their activities and financial matters. Audited Financial Statements 2022-23 Page 37 ## **REFERENCE AND ADMINISTRATIVE DETAILS** Registered Charity number 1084057, Scotland SC043566 ## **Principle Address** 5 Christie Way Manchester M21 7QY ## **Trustees** M Naveed M Q Rauf R A Raza S Mursaleen M K Mahmood (appointed 17.5.20) ## **Bankers** ## **Auditors** Natwest Hadleys & Co. Piccadilly Circus Branch Ground Floor PO Box 4QQ Import Building 19 Shaftesbury Avenue 2 Clove Crescent London London W1A 4QQ E14 2BE ## STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to E select suitable accounting policies and then apply them consistently; - E observe the methods and principles in the Charity SORP; - E make judgements and estimates that are reasonable and prudent; - E state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - E prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. Audited Financial Statements 2022-23 Page 38 The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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 order of the board of trustees on 21 December 2023 and signed on its behalf by: ............................................. M K Mahmood - Trustee Audited Financial Statements 2022-23 Page 39 ## OPINION We have audited the financial statements of Minhaj-Ul-Quran Welfare Foundation (the ‘charity’) for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’. In our opinion the financial statements: E give a true and fair view of the state of the charity’s affairs as at 31 March 2023 and of its incoming resources and application of resources, for the year then ended; E have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’; and E have been prepared in accordance with the requirements of 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 those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, 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 statements, 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 the charity’s ability to continue as a going concern for a period of at least twelve 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 INFORMATION The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Audited Financial Statements 2022-23 Page 40 Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, 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 where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: - E the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or - E sufficient accounting records have not been kept; or - E the financial statements are not in agreement with the accounting records and returns; or E we have not received all the information and explanations we require for our audit. ## RESPONSIBILITIES OF TRUSTEES As explained more fully in the Statement of Trustees’ Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether 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 concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. ## OUR RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that 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. Page 41 Audited Financial Statements 2022-23 The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: - Enquiry of entity staff in tax and compliance functions to identify any instances of noncompliance with laws and regulations. - Reviewing minutes of meetings of those charged with governance. - Reviewing internal audit reports. - Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. - Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. ## 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 (Accounts and Reports) Regulations 2008, and also the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. Hadleys & Co. Ground Floor Import Building 2 Clove Crescent London E14 2BE Date: 21.12.2023 Audited Financial Statements 2022-23 Page 42 Pagè43 AuditÈd Firkant￿l StatÈmèNis2ts22. **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 _____________________________________________** |INCOME AND ENDOWMENTS FROM||||2023|2022| |---|---|---|---|---|---| ||Notes|Unrestricted
funds (£)|Restricted
funds (£)|Total funds
(£)|Total funds
(£)| ||||||| |Donations and legacies|2|5,412,881|-|5,412,881|3,221,335| |Other Trading Activities|3|128,983|-|128,983|96,234| |Investment income|4|136,908|-|136,908|133,272| |Total||5,678,772|-|5,678,772|3,450,841| |EXPENDITURE ON|EXPENDITURE ON|EXPENDITURE ON|EXPENDITURE ON|EXPENDITURE ON|EXPENDITURE ON| |---|---|---|---|---|---| |Raising funds|5|253,188|-|253,188|272,955| |CHARITABLE ACTIVITIES
6|||||| |Orphan Care Home||680,823|-|680,823|486,770| |Donations||294,408|-|294,408|151,177| |Zakat||344,483|-|344,483|274,255| |Qurbani||421,529|-|421,529|439,804| |Water pumps||82,569|-|82,569|127,740| |Emergency relief||711,126|-|711,126|229,815| |Education||406,018|-|406,018|525,756| |Staf costs||236,641|-|236,641|217,236| |Fundraising & Community Events||151,814|-|151,814|-| |Dates Project||142,058|-|142,058|183,451| |Other||151,746|-|151,746|103,031| |Total Expenditure||3,876,403|-|3,876,403|3,011,990| ||||||| |NET INCOME||1,802,369|-|1,802,369|438,851| |RECONCILIATION OF FUNDS|||||| |Total funds brought forward||6,209,916|-|6,209,916|5,763,065| |TOTAL FUNDS CARRIED FORWARD||8,004,285|-|8,004,285|6,201,916| Audited Financial Statements 2022-23 Page 44 **STATEMENT OF FINANCIAL POSITION AS OF 31 MARCH 2023** **_____________________________________________** |FIXED ASSETS||||2023|2022| |---|---|---|---|---|---| ||Notes|Unrestricted
funds (£)|Restricted
funds (£)|Total funds
(£)|Total funds
(£)| ||||||| |Tangible Assets|12|410,278|-|410,278|418,012| |Investment property|13|1,534,849||1,534,849|1,534,849| |||1,945,127|-|1,945,127|1,952,861| |CURRENT ASSETS|||||| |Debtors|14|697,580|-|697,580|357,244| |Cash at bank and in Hand||5,654,117||5,654,117|3,979,188| |||6,351,697|-|6,351,697|4,336,432| |CREDITORS|||||| |Amount falling due within one year|15|(292,539)|-|(292,539)|(87,377)| ||||||| |NET CURRENT ASSETS||6,059,158|-|6,059,158|4,249,055| |TOTAL ASSETS LESS CURRENT
LIABILITIES||8,004,285|-|8,004,285|6,201,916| |NET ASSETS||8,004,285|-|8,004,285|6,201,916| |FUNDS|16||||| |Unrestricted funds|||||| |General funds||||8,004,285|6,201,916| The financial statements were approved by the Board of Trustees and authorised for issue on 21 December 2023 and were signed on its behalf by: ______________ M K Mahmood - Trustee Audited Financial Statements 2022-23 Page 45 **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023** **_____________________________________________________** |CASH FLOWS FROM OPERATING ACTIVITIES:||2023|2022| |---|---|---|---| ||Notes|Total funds (£)|Total funds (£)| ||||| |Cash generated from operations|1|1,686,823|432,769| |Interest paid||(7,424)|(3,512)| |Net cash provided by (used in) operating activities||1,679,399|429,257| |CASH FLOWS FROM INVESTING ACTIVITIES:|CASH FLOWS FROM INVESTING ACTIVITIES:|CASH FLOWS FROM INVESTING ACTIVITIES:| |---|---|---| |Purchase of tangible fxed assets|(8,153)|(3,367)| |Purchase of investment property|-|(5,648)| |Interest received|3,683|319| |Net cash used in investing activities|(4,470)|(8,696)| |||| |Change in cash and cash equivalents in the reporting period|1,674,929|420,561| |Cash and cash equivalents at the beginning of the reporting period|3,979,188|3,558,627| |Cash and cash equivalents at the end of the reporting period|5,654,117|3,979,188| Audited Financial Statements 2022-23 Page 46 **NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 March 2023** **_____________________________________________________** ## 1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES ||2023|2022| |---|---|---| ||Total funds (£)|Total funds (£)| |Net income for the reporting period
(as per the statement of fnancial activities)|1,802,369|438,851| |Adjustments for:||| |Depreciation charges|15,886|15,338| |Interest received|(3,683)|(319)| |Interest paid|7,424|3,512| |(Increase)/decrease in debtors|(341,145)|21,652| |Increase/(decrease) in creditors|205,972|(46,265)| |Net cash provided by (used in) operating activities|1,686,823|432,769| ## 2. ANALYSIS OF CHANGES IN NET FUNDS |2. ANALYSIS OF CHANGES IN NET FUNDS|||| |---|---|---|---| ||At 1.4.22 (£)|Cash Flow (£)|At 31.3.23(£)| |Net Cash|3,979,188|1,674,929|5,654,117| |Cash at bank and in hand|3,979,188|1,674,929|5,654,117| |Total|3,979,188|1,674,929|5,654,117| Audited Financial Statements 2022-23 Page 47 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023 _____________________________________________________** 1. ACCOUNTING POLICIES ## BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## INCOME All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## TANGIBLE FIXED ASSETS Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |Depreciation is provided at the
estimated useful life.|following annual rates in order to wri| |---|---| |Long leasehold|- 2% on cost| |Fixtures and fttings|- 25% on reducing balance| |Computer equipment|- 25% on reducing balance| ## INVESTMENT PROPERTY Investment properties, for which fair value can be measured reliably without undue cost or effort, are measured at intervals with changes in fair value recognised in ‘net gains/(losses) on investments in the SoFA. ## TAXATION The charity is exempt from tax on its charitable activities. Audited Financial Statements 2022-23 Page 48 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023** **_____________________________________________________** ## FUND ACCOUNTING Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## FOREIGN CURRENCIES Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. ## CREDITORS AND ACCRUALS Creditors payable within one year and /or more than one year are recognised at the transactional price. Accruals are valued at the net cost, less any discounts offered. ## DEBTORS AND PREPAYMENTS Debtors are receivable within one year and/or more than one year recognised at the transactional price. Prepayments are valued at the amount prepaid net of any discounts due. 2. DONATIONS AND LEGACIES |2. DONATIONS AND LEGACIES||| |---|---|---| ||2023 (£)|2022 (£)| |Donations|4,934,249|3,168,910| |Gift Aid|478,632|52,425| ||5,412,881|3,221,335| |3. OTHER TRADING ACTIVITIES||| ||2023 (£)|2022 (£)| |Dates project|128,983|96,234| ||128,983|96,234| |4.
INVESTMENT INCOME||| ||2023 (£)|2022 (£)| |Rents received|133,225|132,953| |Deposit account interest|1,053|319| |Gift Aid Interest|2,630|-| ||136,908|133,272| Audited Financial Statements 2022-23 Page 49 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023** **_____________________________________________________** ## 5. RAISING FUNDS ## RAISING DONATIONS AND LEGACIES |RAISING DONATIONS AND LEGACIES||| |---|---|---| ||2023 (£)|2022 (£)| |Fundraising and events costs|50,591|86,055| |Advertising and postage costs|163,337|152,530| |Staf costs|39,260|34,370| ||253,188|272,955| ## 6. CHARITABLE ACTIVITIES COSTS |6.
CHARITABLE ACTIVITIES COSTS|||| |---|---|---|---| ||Direct Cost (£)|Support costs
(See note 6)|Total (£)| |Orphan Care Home|680,823|-|680,823| |Donations|294,408|-|294,408| |Zakat|344,483|-|344,483| |Qurbani|421,529|-|421,529| |Water pumps|82,569|-|82,569| |Emergency relief|711,126|-|711,126| |Education|406,018|-|406,018| |Staf costs|132,106|104,535|236,641| |Fundraising & Community Events|151,814|-|151,814| |Dates Project|142,058|-|142,058| ||3,366,934|104,535|3,471,469| ## 7. SUPPORT COSTS |7.
SUPPORT COSTS|||||| |---|---|---|---|---|---| ||Management
(£)|Finance (£)|Other (£)|Governance
costs (£)|Total (£)| |Others resources expended|120,136|7,424|15,886|8,300|151,746| |Staf costs|104,535|-|-|-|104,535| ||224,671|7,424|15,886|8,300|256,281| ## 8. TRUSTEES’ REMUNERATION AND BENEFITS Except for those already disclosed in the related party note, there were no trustees’ remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. Audited Financial Statements 2022-23 Page 50 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023** **_____________________________________________________** ## Trustees’ expenses There were no trustees’ expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## 9. STAFF COSTS ||2023 (£)|2022 (£)| |---|---|---| |Wages and salaries|270,341|246,698| |Other pension costs|5,560|4,908| ||275,901|217,236| The average monthly number of employees during the year was as follows: ||2023|2022| |---|---|---| |Direct charitable operations|5|5| |Fundraising and advertising|4|3| |Administration|4|4| ||13|12| No employees received emoluments in excess of £60,000. ## 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |INCOME AND ENDOWMENTS FROM|Unrestricted Fund (£)|Restricted Funds (£)|Total Funds (£)| |---|---|---|---| ||||| |Donations and legacies|3,221,335|-|3,221,335| |Other Trading Activities|96,234|-|96,234| |Investment income|133,272|-|133,272| |Total|3,450,841|-|3,450,841| |EXPENDITURE ON|||| |Raising funds|272,955|-|272,955| |CHARITABLE ACTIVITIES|||| |Orphan Care Home|486,770|-|486,770| |General Donations|151,177|-|151,177| |Zakat|274,255|-|274,255| |Qurbani|439,804|-|439,804| |Water pumps|127,740|-|127,740| |Emergency relief|229,815|-|229,815| |Education|525,756|-|525,756| Audited Financial Statements 2022-23 Page 51 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023** **_____________________________________________________** |Staf costs|217,236|-|217,236| |---|---|---|---| |Dates Project|183,451|-|183,451| |Other|103,031|-|103,031| |TOTAL EXPENDITURE|3,011,990|-|3,011,990| |NET INCOME|438,851|-|438,851| |RECONCILIATION OF FUNDS|||| |Total funds brought forward|5,763,065|-|5,763,065| |TOTAL FUNDS CARRIED FORWARD|6,201,916|-|6,201,916| ## 11. DONATIONS RECEIVED FROM PARTNER During the year, the charity received sums from partner charities in various countries. Each partner is a separate entity reporting locally in its respective country. The amount transmitted to the charity is to be applied to the charity’s projects. ## 12. TANGIBLE FIXED ASSETS |12. TANGIBLE FIXED ASSETS||||| |---|---|---|---|---| |COSTS|Long Leasehold
(£)|Fixture &
Sittings (£)|Computer
Equipment (£)|Total (£)| |At 1 April 2022|1,653,147|14,358|123,150|1,790,655| |Additions|-|1,986|6,167|8,153| |At 31 March 2023|1,653,147|16,344|129,317|1,798,808| |DEPRECIATION||||| |At 1 April 2022|1,253,953|8,555|110,135|1,372,643| |Charge for year|9,066|1,947|4,874|15,887| |At 31 March 2023|1,263,019|10,502|115,009|1,388,530| |NET BOOK VALUE||||| |At 31 March 2023|390,128|5,842|14,308|410,278| |At 31 March 2022|399,194|5,803|13,015|418,012| ## 13. INVESTMENT PROPERTY ## FAIR VALUE |FAIR VALUE|| |---|---| |At 1 April 2022|1,534,849| |Additions|-| |At 31 March 2023|1,534,849| Audited Financial Statements 2022-23 Page 52 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023** ## **_____________________________________________________** |NET BOOK VALUE|NET BOOK VALUE| |---|---| |At 31 March 2023|1,534,849| |At 31 March 2022|1,534,849| ## 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR ||2023 (£)|2022 (£)| |---|---|---| |Trade debtors|651,485|309,345| |Other debtors|37,938|45,245| |Prepayments and accrued income|8,157|2,654| ||697,580|357,244| ## 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |Trade creditors
Other creditors|2023 (£)|2022 (£)| |---|---|---| ||256,822|50,850| ||35,717|36,527| ||292,539|87,377| |16. MOVEMENT IN FUNDS
UNRESTRICTED FUNDS
General Funds
TOTAL FUNDS|At 1.4.22 (£)|Net movement
in funds (£)|At 31.3.23 (£)| |---|---|---|---| ||||| ||6,201,916|1,802,369|8,004,285| ||6,201,916|1,802,369|8,004,285| Net movement in funds, included in the above are as follows: |UNRESTRICTED FUNDS
General Funds
TOTAL FUNDS
COMPARATIVES FOR MOVEMENT IN FUNDS
UNRESTRICTED FUNDS
General Funds
TOTAL FUNDS|Incoming
Resources (£)|Resources
expended (£)|Movement
in funds (£)| |---|---|---|---| ||5,678,772|(3,876,403)|1,802,369| ||5,678,772|(3,876,403)|1,802,369| ||||| ||At 1.4.21 (£)|Net movement
in funds (£)|At 31.3.22
(£)| ||||| ||5,763,065|438,851|6,201,916| ||5,763,065|438,851|6,201,916| Audited Financial Statements 2022-23 Page 53 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023** **_____________________________________________________** Comparative net movement in funds, included in the above are as follows: |UNRESTRICTED FUNDS
General Funds
TOTAL FUNDS|Incoming
Resources (£)|Resources
expended (£)|Movement
in funds (£)| |---|---|---|---| ||||| ||3,450,841|(3,011,990)|438,851| ||3,450,841|(3,011,990)|438,851| A current year 12 months and prior year 12 months combined position is as follows: |UNRESTRICTED FUNDS
General Funds
TOTAL FUNDS|At 1.4.21 (£)|Net movement
in funds (£)|At 31.3.23
(£)| |---|---|---|---| ||||| ||5,763,065|2,241,220|8,004,285| ||5,763,065|2,241,220|8,004,285| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |UNRESTRICTED FUNDS
General Funds
TOTAL FUNDS|Incoming
Resources (£)|Resources
expended (£)|Movement
in funds (£)| |---|---|---|---| ||||| ||9,129,613|(6,888,393)|2,241,220| ||9,129,613|(6,888,393)|2,241,220| ## 17. CONTINGENT LIABILITIES The Charity had no contingent liabilities as at 31 March 2023 nor at 31 March 2022. ## 18. RELATED PARTY DISCLOSURES The charity has taken advantage of exemption, under the terms of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose related party transactions with wholly owned subsidiaries within the group. The charity has a close relationship with its sister charity Minhaj-ul-Quran International, which is also a registered charity. Two of the charity’s trustees were also trustees of the Minhaj-ul-Quran International although both charities are independent in their activities and financial matters. Audited Financial Statements 2022-23 Page 54 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023** ## **_____________________________________________________** Minhaj College Manchester is an Academy, which has been incorporated as a private company limited by guarantee. The charity is the foundation/sponsor for this Academy and has congruent objectives which assist in the educational charitable activities. During the year, the charity provided use of the Charity’s long leasehold property as offices for the Academy, as a donation in kind. 19. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. Audited Financial Statements 2022-23 Page 55 Minh MINHAJWELFARE.ORG