Registered number 05406938 Charity number 1087143 MBCOL Limited (Limited by Guarantee) Report and Accounts 31 March 2023 ## **MBCOL Limited Company Information** ## **Directors** Mojnu Miah Bashir ( Chairman ) Sahnavaz Abdulamid ( Treasurer ) Mussa Ahmed Saleh Munaver Jamal Naveed Ibrahim Ahmed Kasu Moshin Khalifa Adam Yusuf Sabat **Accountants** Smith Hannah Limited 50 Woodgate Leicester LE3 5GF ## **Bankers** Barclays Bank Plc Highfields Leicester National Westminster Bank Plc East Park Road Leicester ## **Registered office** 50 Woodgate Leicester LE3 5GF **Registered number** 05406938 1 **MBCOL Limited Registered number: 05406938 Directors' Report** The directors present their report and accounts for the year ended 31 March 2023. ## **Objective and activities** MBCOL Limited, known as Muslim Burial Council of Leicestershire, is limited by guarantee (number 5406938) and a registered charity (number 1087143). Its principal address is 1a Moat Road, Leicester LE5 5EF. The company's objective and principal activity during the year continued to be the provision of out of hours burial services for the inhabitants of Leicestershire irrespective of which faith or belief they follow. ## **Directors** The directors of the charitable company are its trustees for the purpose of charity law and throughout this report are collectively referred to as directors. The following persons served as directors during the year: Mojnu Miah Bashir ( Chairman ) Sahnavaz Abdulamid ( Treasurer ) Mussa Ahmed Saleh Munaver Jamal Naveed Ibrahim Ahmed Kasu Moshin Khalifa Adam Yusuf Sabat Mohammed Gulamhusen Shaikh The company is limited by guarantee and has no share capital. In the event of the company being wound up, members are required to contribute an amount not exceeding £10. ## **Recruitment and Appointment of trustees** MBCOL Limited is governed by a board of trustees drawn from the local community. This is to ensure that the board has the skills and experience required to oversee the management of the charity and its operations. All trustees are elected by a majority vote at an Annual General Meeting who then hold office from the conclusion of that meeting up to a term of five years. 2 **MBCOL Limited Registered number: 05406938 Directors' Report** ## **Trustee Induction and Training** All new trustees receive a planned induction programme before taking up their place on the board. This includes an explanation of their roles and responsibilities, an introduction to other trustees, an overview of recent business and an explanation of board format and process, plus a personal meeting with the Chair. ## **Risk Management** The directors have a risk management strategy which includes an annual review of the risks the charity faces and the establishment of systems and procedures to mitigate those risks and implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. ## **Review of activities for the year** The charity recorded a deficit of £9,798 (2022: deficit of £4,562) for the year. The detailed results are set out in the attached financial statements. ## **Reserves policy** The directors aim to ensure that sufficient funds are maintained to enable the charity to carry out its activities. ## **Small company provisions** This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. The directors confirm that they have complied with the duty in Section 4 of the charities Act 2006 to have due regard to the Charity Commssion's general guidance on public benefit. This report was approved by the board on 30 April 2024 and signed on its behalf. Sahnavaz Abdulamid ( Treasurer ) Director 3 ## **MBCOL Limited Accountants' Report** ## **Accountants' report to the directors of MBCOL Limited** You consider that the company is exempt from an audit for the year ended 31 March 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Statement of Financial Activities, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Smith Hannah Limited Chartered Certified Accountants 50 Woodgate Leicester LE3 5GF 30 April 2024 4 ## **MBCOL Limited** ## **Statement of Financial Activities for the year ended 31 March 2023** |**Notes**
**Incoming resources**
**3**
Income from investments
Total incoming resources
**Resources expended**
Other direct costs
**4**
Administrative expenses
**5**
Total resources expended
**Net outgoing resources for the year**
Income from charitable activities and generated
funds|**2023**
**£**
26,417
10
26,427
(13,836)
(22,389)
(36,225)
(9,798)|**2022**
**£**
39,274
3
39,277
(8,192)
(35,647)
(43,839)
(4,562)| |---|---|---| 5 ## **MBCOL Limited Registered number:** 05406938 **Balance Sheet as at 31 March 2023** |**Notes**
**Current assets**
Stocks
Debtors
3
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
4
**Net current assets**
**Net assets**
**Unrestricted funds**
Designated
5
General
6
**Net funds**|**2023**
**£**
820
591
82,583
83,994
(5,566)
78,428
78,428
30,797
47,631
78,428|**2022**
**£**
820
1,839
92,491
95,150
(6,924)
88,226
88,226
30,797
57,429
88,226| |---|---|---| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The Statement of Financial Activities has not been delivered to the Registrar of Companies. Sahnavaz Abdulamid ( Treasurer ) Director Approved by the board on 30 April 2024 6 ## **MBCOL Limited Notes to the Accounts for the year ended 31 March 2023** ## **1 Accounting policies** ## _**Basis of preparation**_ The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts have also been prepared with the Statement of Recommended Practiced (SORP) - "Accounting and Reporting by Charities" issued by the Charity Commissioners in England and Wales. ## _**Going concern**_ The company was reliant on funding from the local council to carry out its day to day activities. Following expiry of the contract in September 2019, the local council extended the contract with MBCOL Limited until 30 September 2021. LCC funding will not continue beyond this date as MBCOL was unsuccessful in its tender bid. In view of this, material uncertainty exists over the ability of the company to continue its operations. MBCOL has had interactions with some affiliates who feel strongly that MBCOL must continue with its advocacy work in spite of no longer doing out of hours funerals. To fund this work new revenue streams will be explored including membership fees; general community fundraising; and applications made for funding pots. ## _**Income**_ Grant income represents amounts received and receivable from Leicester City Council. Donations, interment fees and other income are accounted for when received. ## _**Resources expended**_ Resources expended are accounted for as a liability is incurred. Expenditure includes irrecoverable VAT which is reported as part of the expenditure to which it relates. ## _**Tangible fixed assets**_ Tangible fixed assets are measured at cost less accumulative depreciation. The costs of minor additions or those costing below £3,000 are not capitalised. Any assets donated with a market value below £5,000 are not capitalised. Depreciation is provided at rates calculated to write off of each asset over its estimated useful life of 4 years. ## _**Stocks**_ Stocks are measured at the lower of cost and net realisable value. ## _**Funds**_ Funds comprise of unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. The directors use part of the unrestricted funds for various specific projects and have set up a designated fund to reflect this. The funds held in each of the relevant categories are disclosed in the notes to the accounts. 7 ## **MBCOL Limited** ## **Notes to the Accounts** **for the year ended 31 March 2023** ## **2 Tangible fixed assets** |**Cost**
At 1 April 2022
At 31 March 2023
**Depreciation**
At 1 April 2022
At 31 March 2023
**Net book value**
At 31 March 2023
**3**
**Debtors**
Other debtors
**4**
**Creditors: amounts falling due within one year**
Other creditors|**Plant and**
**machinery**
**etc**
**£**
3,893
3,893
3,893
3,893
-
**2023**
**£**
591
**2023**
**£**
5,566|**2022**
**£**
1,839
**2022**
**£**
6,924| |---|---|---| 8 ## **MBCOL Limited** ## **Notes to the Accounts** **for the year ended 31 March 2023** |**5**
**Designated Funds**
At 1 April 2022
At 31 March 2023
Designated funds comprise :-
Multi Faith Bereavement Book Project
20th Anniversary Celebration Fund
Centralised Services
Total|**2023**
**£**
30,797
30,797
£
5,500
5,000
20,297
30,797|**2022**
**£**
30,797
30,797
£
5,500
5,000
20,297
30,797| |---|---|---| ## **6 General Funds** |At 1 April 2022
Deficit for the year
Transfer to designated funds
At 31 March 2023|**£**
61,991
(9,798)
-
52,193| |---|---| ## **7 Other information** MBCOL Limited is a private company limited by guarantee and incorporated in England. Its registered office is: 50 Woodgate Leicester LE3 5GF The principal place of operation is: 1A Moat Road Leicester LE5 5EF 9 ## **MBCOL Limited** ## **Detailed income and expenditure account for the year ended 31 March 2023** |**Income**
LCC funding
Rent received
Timber sales
Funeral income
Donations
**Direct costs**
Grave preparation and related costs (adjusted for stock)
**Administrative expenses**
Premises costs:
Rent and rates
Light and heat
General administrative expenses:
Telephone and fax
Motor and travel
Stationery and printing
Computer, IT consumables and maintenance
Subscriptions
Bank charges
Insurance
Equipment expensed
Repairs and maintenance
Meeting and events
Sundry expenses
Legal and professional costs:
Audit and accountancy fees
Consultancy fees
Other legal and professional
Total administrative expenses|**2023**
**£**
-
1,250
7,776
16,831
560
26,417
13,836
7,693
746
8,439
947
1,008
-
96
54
33
1,293
316
20
703
40
4,510
1,440
8,000
-
9,440
22,389|**2022**
**£**
20,235
1,250
11,425
5,589
775
39,274
8,192
7,493
1,016
8,509
1,531
1,781
349
420
105
56
1,328
980
66
1,108
59
7,783
1,440
17,000
915
19,355
35,647| |---|---|---| 10