CHARITY REGISTRATIOII NUMBER: 1093706 Munshi Trust UK Unaudited Financial Statements 31 March 2024 VERSANT ASSOCIATES LLP Versant Associates LLP ]ndependent ExamiDcr The Old Mill, 9 Soar Lane Leicester LE3 5DE Munsbi Trust UK Financlal Statements Year ellded 31 March 2024 P8g¢ Tn￿tees, Annu&l Report Independent Exan)inerfs Report to the Trustees Ststement of Financi81 Activities Statement of Financial Position io Stat¢m¢nt of Ca8h Flows li Notes to the Financial Ststernents 12 Munshi Trust UK Truste¢s' Annwdl Report Year ended 31 Mareh 2024 The ttustee5 present their r¢port and th¢ UDauditd ful￿.1a1 statements of the charity for the year ended 31 March 2024. Reference and Administr4live Deialls Regist¢r¢d ¢h*rlty name -Mun5bi Trust UK Charlty re£tstratlon number 1093706 Prlnclpal office Unity Howe Flet¢h¢r Str¢¢t Bolton IAncashire BL3 6NE The Trustees Mr Mushtsq Munshi Mr Dilav¢r Valli Mr Ebrahim Kassim Bassa Mr Ibrahim K]Jansaheb Mr S8lim Ibrahim Pafrl I r Haroon Rashid Yakub Patel Mr Munavvar Mullshi I s Razia Munshi Independent Examlner MARK ILLINGSWORTH The Old Mill, 9 Soar Lane Leicester LE3 5DE Structure. Covernanee and Mangg¢ment Con$dtsdon The Munshi Trust UK is constiNt¢d und¢r a trust deed da¢¢d l August 201M) &8 amended by the supplemental tnL8t deed datsd 24 Septmb¢T 2001. The Munshi T￿st UK re￿stered as a charity on 4 Septsmber 2002 and its registered number is 1093706. Munsbi Trnst UK (MTUK) has b¢en in operdtion since 2002 when it was founded by mainly Gujarati Diaspora r¢sid¢nt5 in th¢ U Munshi Trust UK Trust¢¢s' Anjbual Report (tondAued) Year ended 31 March 21124 Structsre, GoTrernance And M#nagement (toniimuedj Organisation The trustees WI￿ have served during the perlod and sitsee the year end are sel out on page l. Trustees are appointed from the SuDni Hallafi Muslim comnAwty and must be no less tban 18 y¢ars of age and of Indian Bharuehi Origin or degcenL The tn]stees are appointed by the Board of Tru5tee5 and are then entitled to act as a trustee when they have signe(L in the minute book of the trustees, a declaration of awtsn¢e and willingne&s to act in the interest of the trngt. Tbe board of trustees consksts of no more thaD nine members. All mcrnbcrs of the Board of Tn]stees hold office for the period of their lifetime. The trustee5 are required to hold at least 3 Ordinary meetings in each year. The trustees hav¢ r¢vi¢wed the major risks, and systems and procedures have been establisbed to manage thcs¢ risks. The trustees Conf￿ that the charity has compli¢d with prevailing laws and regulations. The charity bas adequate procedures for the induction and training of new ¢n￿te¢s. Objecilves and A¢tivitfiei The objectives of the charity are to provide direct support overseas to children and young people in the dei'¢lopment of educational facilities and programmes to ensure that through quality interventions the beneficiaries, life chances are improved. MTUK also Provides where required f￿￿￿la1 to help relief poverty with support in developing and promotin8 health prOgrall]￿. The aim of the Twst is. and will ¢v¢r be. to enwwcr the illiterate and unfortunate people of the community to achicve standards and set bigherpersonal goals tbereby uplifting the standaTds of the entire community. The main activitics we provid¢ are on building positive and more confident attitudes through education" cnhancing life and cornmunication skills. improving employability, countering disadvantsge. and promoting h￿lthY living. Munshi Tn￿t UK. O￿nCeforth MTUK} a UK based Clwlty working to fulfill its prime objective of prO￿dIng quality and advance education and additionally to provid¢ medical ai& to eradicate pov¢ty &nd support all otber related welfare. social needs. relief and developmenl work which has continued io support projects to improve lives of the underprivileged. Our comrnunity-driven approach is 5UPPOrt¢d by total committed trust¢C5. paid staty, volunteers, many w¢ll-wishers, associated Tr4GO's and as a team we all are worktng hard to ensure that ny)Te and more b¢n¢fi¢iaries take benefits. Munshi Trust UK Truitees, AnDual Rtport Year ended 31 March 2024 Acblevements and PerformaDee The trwt¢es consider that the Obj￿tiveS of the charity hav¢ been met duTing the year. The Vtyfion: MTUK'S Vision is that every person should have a chanee to learn, progre8S through learning in a safe and tbriving environmenl and build foundations for social and economic prO￿eSS through employment, thation and skills developnJenL Milestsjnes Acbi¢ved ID 2023124 MTUK Imprdrt MTUK Work with Mmmcf has impact on the lives of thousands of students ti112024 more than 46103 students have passed out and approx. 5067plus current sknlwrts arc studying in varlous institutions. B. Academic Projed5 Gifted 30 (Foundation & Target) - SUp￿ted wmmuDty studcnts ofhigher secondary which prepare5 vaTiOUS them for ¢onytitiv¢ exams mainly to pro8[￿ into hi8her and further education in n]ainstream utiiversities and colleges. Early L¢arning Ccntres in highly challeng¢d social and economi¢ally deprived at¢as at 10 places in high l¢vels of poverty areas of Bharuth Infonnation Technology Edu¢ation Centre in community 8¢ttings. C. ConuDUDitY Projects Stnce 2021- MMMCT with the support of MTUK has distributed Food Packets to Ben¢fici8ries of Bhan￿h City & Nearby Villages. D. MTUK Support has enabled MMMCT to provlde the followlng grvas ' Quality of Teaching. * Staff Training & Dev¢lopttient. * Behaviour MaDagcment. * Communication Ski115 Developnwit. * Campus Management & Development. * Students Talent Enhancement. * Students & Stsff Wellbeing & Safrguarding. * Students & Staff Charactcr Developmenl. -￿r[uK is at the forefront of change and transfoTmation in the field of education in Bharuch, Glljardt. India and we have rnadc considerable prO￿s8 Ihis ycaT. This ye4r has wilne58ed some 5lgllif￿a￿t developments. with the continued developn￿nI of the BEd College, and Arts and Commerce programme and thc dcvelopm¢nt of the Gifted30 project. We have introduccd IT driven L8nguage Laboratory thal works all the Schools improving proficiency and confjdence with 811 our leamers in English. Furthern]or¢ we we intr(thccd SrnartBoard into our classroont8 with an interactiv¢ facility that has be¢D valued by both teachers and pwpils. This has signifiwtly improved our ¢lassroom.ba8ed ￿rfOrn￿)Ce. The Schools for both boys and girls have attracied a wide and diverse range of pupils and Trust proudly accepts abroad range of its in take with D]any edu¢ational n¢¢d8. The T￿￿t'S Managernent Team is putting in place Munshi Trust UK Trnsteesl Annual Report Year ended 31 March 2024 numerous supportive PTogrdmmes ihat will enhan¢¢ our offer and ensure that all the students at NffuK experien¢¢ quality education. We now a senior leadership team with the responsibility for Resource .Management, ID-Hi)use AdmiDistration and Educational Perfomncellmprovement of the Schools. This Report d¢tails some of th¢ significant a¢bievements of the students at our various wnpuses and this would not be in place Thithout the support and guidance offered to me by my fellow tr￿steeS. n)emb¢rs of the Ad￿lSOry Board, staff, par¢nt8 and all the ￿ell wishers in the community. The most inwrtant asset to tbe organisation 18 our stLthnts, 'ithout whom ￿1 our endeavours WAII be fiwitl¢ss. This is truly a ¢OnTh￿ty effort and in a short period the TnLSt has moved education as cause to many other iDstiMtes with the Slate of Gujarat and in the Bharnch distri¢L We ￿lIeVe tbat the Tr￿81 is at the leading edge in: * In trnnsforniing the aspirations of Children and young people in the field of¢ducation. In the importance of cr¢ating OPPOTtunities for cbildr¢n axMI young people and provide opening8 for enwloyment d enty into k¢y Professions. In promotlng paTth¢rships and collaborations to have a greater impact on the lives of children and young peopl¢ - we have entered into a wide of partnerships nationally and intemationally to promote education. Jn Closing, we Want to add that none of the ¢xemplary work of MTUK Charity would not be realised without the diligence, devotion and knowledge of an incredibly dedicaEd staff. I arn always sttuck by their thought￿1, OP¢D &nd accommodating nw)ner' a siaff who welcomes new ideas and tskes a genuine interest in every ￿JK-fuDded project from the smallest project to 411 major changes. To tbenL we all owe a huge thank you. Flnanelal Revleiv The level of income for the y¢ar b¢en sufficient to enable the TnLSt to support the expenditure to satisfy an appropriate level of charitable objectives. Th¢ remaining unrestricted fimds available to the Trust are suificient to perniit it to continue in 0perntiO￿ at current lev¢Js of income and expenditure. for the fores¢¢able fifft￿e. All fimds held are unrestricted. Th¢ clwity's donation incom¢ has increa5¢d this year from £557 J57 to £770260 and the investtnent income has incr¢ased from £3.510 to £13.647. The increas¢ in investment income is due to othcr int¢re$t received. Th¢ ¢I￿rIty had n¢t income for the year of £5,813 (2023: £87.015). Th¢ charity has total unrestricted fund8 of £932.751 (2023: £926,938). Munshi Trust UK Trustees, Annual Report (c41Ith4¢4) ye￿ endèd 31 March 2024 Plans for Future Perlods As a Charity all the trustees and th¢ MMnag¢m¢nt Team are Committed to a programm¢ of continuous change, development and progr¢ssion. Over many y¢ars we had instituted many new programmes and introduced som¢ great changes in all our activiti¢S. We b¢li¢ve in CODtinUOUS improveInent and our d¢dicat¢d management team has led on many of these inspiring changes. These n¢Th plans fall in th¢ following key aTe&s.' l. Improved Performance lrnprove educational attainment in all #reas of the school most importantly in the STEM subject$ (Science. Technolo8>, English and Maths) Impl¢ment and integrate ED81ish Language in all our subject areas and ensure that iifuK graduates are confident th English in their fither sthdies #nd tak¢ proficient con)maLd of the language in th¢ world of work. 2. Better and Qllamty Illfrastructure The TrLWt will be updating its buildings, landscape and vlsual impact of the campus¢$ at MTUK. The campuses will offer a bighwlity feel to the campus and student experience. 3. Inwroved Skllls Programn￿5 The ITI Building will b¢ offering a ThTrde range of new wogrammes that will be linked to the growing inthistrial and business trends in Bharnch ¢¢onomy. Dahej as s¢¢ond largest petrolchemical port in the world offers great scope and opportimity for the residents of Bharuch to take on the n¢w and emerging skills. Thi5 will be our Livelihood Mission to ensur¢ that MTUK offers the right skills and enters into placement relationship with this new emerging business sector. Dahej offers a great opportUDity for our con)munity #nd students. 4. In¢reases ID Higher Edu¢Atlon Programme Th¢ BEd and th¢ Artslcommerce programme will be supported vi& our accredit¢d Higher Education partners. We are exploring new and additional funding and educational Programmes to ensure that hfflJK has a growing reputstion in higher studi¢s. S. Extra-Cllrri¢ular A¢tivldes MTUK will be looking at developing additional space of sports. leisure and recreational spatt within its masterplan on the ean)pus. 6. Greater Parental Engagement A key to success at MTUK 18 to ensure that the parents are totally engagd with the programme of educatt.on that we manage at MfuK, We will introduce new measures as part of our Action Plan for success to ¢nsure that the parents are fully engaged in the educational welfare of all our students. 7. Addltlon21 SkU]s ProgrAmme withfin Irr At the Amiual Trustees meeting a new progrdrnme of IIT programmes haie been agreed and being developed by the Management Team. 2025 A￿d¢ll￿¢ Instlth*es Supported by IMTUK Mullshi Trust UK Trustees, Annual Report (tooliwi¢dJ Year ended 31 March 21124 EN'GLISH MEDIUM * Fatema I. Kaljanwala Aleef English Medium Secondary & Higber Secondary School (Science Strean]). * Faterna l. Kahanwala Aleef English Mi cdium Secondary & Higher s￿olldary School (G¢n¢ral Stream). ¥ Fatema l. KalHnwala Aleef English Medium Primary School. Jrfan Munshi Kindergarten. GUJARATI MEDIUM * Irfan Munshi Shishu Vihar. * Haji Tralli Bapu Dasbanwala Prirnary School. * Munir mm￿h1 Sarvajanik Higher Secondary School. * Marhum Daud Munshi SarvajaDik Higber Secondary School (Science Stream). * Yakub UmaIii Memorial Sarvajanik Higher Secondary Scbool {General Stream). GIFfED-30 PRoJEcf (Foundation & Target) (NEET & JEE) Hajl Ahmed Munshl fTI (Frf>r Boys) Mnnshi Mahila Bld College EDICATIONAL ELMPOWEILMENT PROJECTS * Balwadis at 10 places in high levels of EM)ierty areas of Bharncb. * Vocational Centre Haji Abmcd Munshi ITI (For Girls) - m0hamn￿dpUra. * Jnfornlational Technology EdU￿tiOnal Centre (JamiatUS-Salihat-Manubar. * Late B. Y. Chowkiwala L4n8uag¢ Laborntory & Skill D¢velopment Centre. * L4* Abdurrabirn Munshi Li￿rary. * Haji Um￿j1 Adam Dalal Boys Hostel. Munshl Sports Academy Munshl Trust UK Trustees, AnnuAI Report Irrfl#¥edJ Yeor ended 31 March 2024 The tnL81ees' annual rep)rt was appn)ved on 24 January 2025 and signed on behalf of the board of tn￿tres by.. fl MS Ruia MuTJshi Trustee Munshi Trust UK Independent ExamlnÈr's Report to the Trustees of Munshl Trust IIK Year ended 31 March 2024 I report t() thc truslees on my examination of the financial statements of Munshi Trust UK {'the charity,) for the year ended 31 2024. Responsibilities and Basis of Report As the tn￿te¢S of the charity you are r¢sponsible for the p￿paration of the fll]ancial statctnents in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in reS￿¢t of my examination of the charitys fiDanci81 statements carried out under seLtion 145 of the 2011 Act and in carrying out my ¢￿a￿l￿ation I hav¢ followed all the appli¢able Direction5 given by the Charity commi￿10n under section 145(5)(b} of the Act. Independent Examiller's StYdteDWit Since th¢ charty's gross income ¢xce¢ded £250.000 your examiner must be a meTthr ora body listed in Section 145 of tkn 2011 Act. I ronfirni that l am qualified to w]dertak¢ the exarnination because l am a member of th¢ ]Dstituie of Chartered Accountants in England and Wal¢s (ICAEWI, whi¢h is one of the listed bodi￿. I have completed my examination. I ¢onfirn] that no material matters have conw to my att¢ntiOn in connection with the ¢xamination 8iViDg me cause to believe that in any material respect: accounting records were not kq)l in respect of the charity as required by section 130 of the Act" or the financial statements do not accord with those records" or the fjnancial statements do not cornply with the applicable requirements concerning the frim) and content of accoullts set out in the Clwities (A¢¢ounts and ReFKirts) Regulations 2008 otber than any requiTem¢nt that th¢ accounts give a 'true and faiv view which is not a mattcr considered as part of an independent examination. I have no conccnjs have come across no other mattc]8 in connection with the examinAtion to which attention should be drawn in this report in ordu to enable a prop¢T understanding of the accounts to be reacb¢d. MARK ILLIKIGSWORTH Independent Examiner The Old Mill, 9 Soar Lane L£icester LE3 5DE Munshi Trust UK Statement of Fhnanchal Activiti¢$ Year ended 31 MAr¢h 2024 2024 Unre5trict¢d fimds 2023 Tot￿ funds Totsl fullds Note Income and endovlments Donations aDd legacies Invcstmcnt tncome 770.260 13,647 770260 J3,647 557,357 3,987 Total Income 783,907 783,907 561.344 Expenditure Exp¢Thditure on charitable activities Total expendlture 778,094 778,094 474.329 778,094 778,094 474,329 Net income and net uwv¢ment in funds 5.813 5*13 87.015 RecoDcili*tion of funds Total fill)ds bTOU8ht forward Total funds earrled fO￿ard 926,938 926938 839,923 926,938 932,751 932,751 The statement of finan¢ial activities includ¢5 all gaills and losses Teco8nis¢d in the year. All income and expenditure derive from contiDuing activities. The notes on plges 12 to 16 form part of these tln*n¢ial $t*temenls. Munshi Trust UK St8tement of Fin8n¢iaR Po￿10￿ 31 March 2024 2024 2023 Note Current Assets Cash atbank and in hand 933,701 927,778 Creditors: all￿￿￿ts fallin2 due wlthin one year 12 950 840 'et Current Assets 932,751 932,751 926.938 Total Assets Less Current Liablutles 926,938 ,Yet Assets 932,751 926,938 Funds of the Charity Unrestricted funds 932,751 926,938 Total tharity funds 13 932,751 926938 These financial ststements wcre approve41 by th¢ board oftnL8tees and authorised for iqsue on 24 January 2025, and are si8ned OD b¢h3lf of the board by: Ms Razia Munsbi I'njstee The notss on p*ges 12 th 16 forni part of these IlngnclAI statement& io- Munshi Trust UK S14tsmenl of Fln#n¢fial Posltlon 31 March 2024 2024 2023 Note Current Assets Cash at baTrk and in hand 933,701 927.778 Creditors: amounts falling due Y￿￿]ll one year Net Current Assets 12 950 840 932.751 926.938 Total Assets Less Current Llabllldes 932,751 926,938 926,938 Net A&%ets 932,751 Funds of the Chrdrlty Unrestricted funds 932,751 926.938 Total tharity fllDds 13 932,751 926,938 These financial ststements were approved by the board of trustees and authoris¢d for issue on 24 January 2025, and are signed on behalf of the board by: Ms Razia Munshi TnJst¢¢ The notes on pages 12 ¢0 16 form part of these fm#n¢lal ststements. io- Munshi Trust UK ststement of Cash F101*5 Year ended 31 Mar¢h 2024 2024 2023 Cash Flow8 from Oper*ting Actlvitffies Net income 5,813 87,015 Adjuslmentsfor." Other interest receivable and similar income terest payable and similar charges Accrned expenses {13,647) 597 iio (3,987) 521 48 Changes in." TTad¢ and other d¢btQTS 30,240 Cash generated from operations (7,127) 113,837 Interest paid Interest received (597> 13,647 (521) 3.987 Net cash from operating activiti¢s 5,923 117,303 Net Increase in Cash ind Cash EquivAleDts Cash and C#$h F4uivalents At Beglnnlng of Year Cash and Cash Equlvalents 4t End of Year 5.923 927,778 117.303 810,475 933,701 927,778 The notes on pages 12 to 16 fonn part of these financi￿ statemen li MuDshi Trust UK Ilotes lo the Financlal Statements Year ended 31 M*rch 2024 General Infornulion The chaTity is a public benefit entity and a registered chArity in England and Wales and is unillcoTpof8t¢(L Th¢ address of the principal office is I Preston Road. Whittle Ix Woods. Chorley. IAncashire. PR6 7PE. Statement of Compllance The financial stalen￿lIS have been pryared in complian¢¢ with FRS 102.'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Ststement of Recon)mended PTa¢tice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the LiK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. The charity constitutes a public benefgit entity as defined by FRS 102. A¢¢ounthig Po]ides (a) B45is of Preparation The fmancial statements have been prepared on the historical cost basis. a5 modified by the revaluation of ertain financial ￿set5 and liabilities and investn￿lt properties measured at fair value through income or exp¢nditur¢. The financial statemenls are prepared in sterling, which is the fimctional currency of the entity. (b) Golng Concern There are no material uncertainties about the charitys ability to continue. (¢) Judg¢m¢nts And Key Sour¢e$ of E$timAtion Uneert4inty The preparation of the financi￿ statements T¢quir¢s manag¢m¢nl to make judgements, estimates and assumptions that affe¢t th¢ amoutLts reported. These estimates and judgements are continually reviewed and are b&s¢d on expcrien¢¢ and other fa¢tors. including ¢xpectstions of events that are believed to be reasonable under the circumstances. (d) Fund Aeeonntlng Unrestrirt¢d funds are available for use at tkn di￿retion of the trustees to further any of the charitys purposes. (e) In¢oming Resources All in¢om¢ is includ¢d in the statemeDt of fmallcial adivities when entitlement Ilas pa$sed to the Charity, it is probable that the econornic benefits associated with the transaction will flow to the ¢harity and the amount can be reliably measured. The following specifi¢ policies are applied to particular cat¢gori¢s of income.. - income from donations are recorded when re¢eiv¢d. 12- Munshi Trust UK otes to the Flnanclal Statements Year ended 31 MAr¢h 2024 Accountlng Pollcie8 {conith4ed) (D Re$our¢es Exptndtd Expenditure is r¢cogmised on an a¢¢n￿lS basis as a liability is incurred. Expenditure includes ans. VAT vAiich ¢annot be fvlly re¢ov¢r¢d, and 1$ classified under headings of the stat￿l¢nt of financial actiyities to vlhich it r¢lat¢s: - expendith on cb2ritable activitie8 includes all costs incurred by a charity in undertakitig a¢tiiities that further its ¢haritsbl¢ aims for the benefit of its beneficiaries. including those support Costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising fimds for the Charity nor part of its expendilure on charitable activities. Don*tlon8 and Legacies Unrestricted Tot41 Funds Unrestsicted Total Funds Funds 2024 Funds 2023 Donations Donations 770,260 770260 557,357 557,357 InTrestment Income Unrestricted Total Funds Funds 2024 Unrestricted Total Fun