Reglstered numbor.. 04805117 Charlty number: 1100481 The Aquath Trust Trustees, Rep(¥t and Flnanclal Stalemgnls For the Year Ended 31 December 2020 rfJDAINS
The Muath Trust IA company Ilmlted by guarantee) Contgnts Page Reforanc8 and admlnlstratlvo detall8 of the Charltyj It8 Tru8t•e8 and advlsers Trustses. r¢port 2-13 Independent audltorfs rnport on the financial stat•m•nts 14-16 Consolldatgd statomont of flnancial actlvltloty 17 ConBolldated balancg shoot 18 Charlty balance sh••t 19 Consolidaled 8tatgmont of ¢h Ilows 20 Not•$ to the flnanGial stat8mont8
The Muath Tru81 IA company Ilmltgd by guarantso) Rofvrgnce and Admlnl8lratSv¢ Detalls of tho Charlty, Its Tru$t••8 and Advlsers For tho Ygar Ended 31 December 2020 Trusto96 Dr Dawood Abdul Malek Yaha Al-Hitl8bi Mr Jaffer Mansour Mohammed M-Sham8ry Mr Nag8@b Mohammad All Dr Ali AbdLtI Rahman Qirfoge Mr Oliham Abdo Saeed (resigned 30 June 20201 Mr Adnan Abdul Rahman Sa Ms Falen Abdul Galil Yafal Company reglstered number 04805117 Charlty rnglst•rad numbgr 1100481 Regl¥torod offlGe The Bordesley Centre Slratford Road Camp Hill Bimiingham B11 1AR Company socrgtary Mr Adnan Saif Chl•f exo¢utiv• officer r Irshad Baqul Independent audltors Dains LLP 15 Colmore Ro Bimiingham B3 2BH Bankers Natlonal Vveslminsler Bank PIC 30a Harbome Road Birmingham B15 3AA Al Rayan Bank 24a Calthorpe Road Birmingham B151RP Page 1
Thg Muath Tru8t (A company Ilmitgd by guardntsg) Tru81ges' R¢port For the Year End 31 Dec•mbgr 2020 The Trustees present their annual report together with the audited linancial statements of the Charlty for the 1 January 2020 10 31 December 2020. The Annual report serves the purposss of both a Trustees, report and directors. report under company law. The Trustees conflrm that the Annual report and financial slalements of the charilablo company comply with the current stalulory requlrements, the requ1MentS of the charitable companys govarning document and the provlsion5 of the Sta18ment of Recommended Prdctice ISORP} applicable to charities preparing their Bccounls in accordance with th8 Financi81 Reporting Standard appli¢ablg in the UK and Republic of Ireland IFRS102} <effecte 1 January 20191- Objectiv•s and o¢tlvltle¥ Pollcles and obl•ctlves The objects and principal activities of the charity arg.. To advanc8 the 8ducallon of the public In parts'cular bLrt not excluswely through the provision of educational and tralning s8rvices for all members of the community, patlculady but not1Smlted to those of Yem8ni origin., To enable those who were not born in the United Kingdom or vthose parents wwe not bom in the United King(Jom to lake a fuller part in British society., To relleve poverty by Ihg provoslon of 8dvlce and flnancial and other 8sslstsnce to those in need. hardship or distress., To provide lacililies in the interests of social welfare for the recreallon and other leisure lime pursuits of those In need of those facilities by reason ol their age, youth, Infirmty or disablement, povgrty or soclal or economlc rCUmstanCeS., To do other charitable purposgs for the benefit of the community, parbcularfy but not limlted lo those of Yemeni origin, as the board of directors determine from lime lo Umè. In selling objectives and planning for actlvilles. thè Trustees have given duè consideration to 9eneral guidance published by th8 Char*ty Gommlssh)n relatlng to public ben81il, in¢ludlng the guldance 'Public benefit.. rtjnnlng 8 charity IPB21'. b, Stratog108 for achlevlng obJectlve8 The hAu8lh Trust was establishgd In 1990 which was incorporated 19 June 2003 and Is one of the largest communty led third sector inits'ativgs in the United Kingdom. Founded by members of the Yamgni communlty, the charity plays a pivotal rolo in helping the community inlegr8t8 within wider society by helping lo build its capaclty and encouraging its membets to play a more effective role In society. Since tts incgption. the charity has strived lo offer high quallty education and trainin9 and provkled essentl81 seNices that cater lo the needs of dirrerenl sections of th8 communlty. The charity is commlited to deliver its programmes by enlersng into strategic partnership5 With key stakeholders and olher $peciali81 in81itulions. Over the years, the Trust has entered into long standing relationships with number af local and national, public and prlvale sector insb'lulions lo further Its oblects. c. Actlvltles undertaken to achleve obSoctlv•$ The char)ty delivers a range of activities including a Childen's Centr8. Day Nursery, Supplementary Arabi Schools. EducBtion and Training Cenlre, Youth services, care for the olderly and an trxcell&nt venue for conferences and banqueting. In addition, the charity estsbllshec5 the Amanah Mosque in 2006, it has sincg b8come one of the largest and most aclwe mosques in the city of Binningh8m. Page 2
The Muath Trust IA company Ilmitod by guarante•l Tru$to0$' Raport Icontinu8dl For tho Y•ar Ended 31 December 20ZO Objectives and actlvltles Icontlnuedl d. Grant-maklng pollcles The charity makes grants lo project dellvery partners as instructed by the grant fundln9 provld8r and In accordance with supplementary dellvery partn8r agreements. e. Maln a¢tlvltlo$ undgrtakon to further the Charws purposes for the publ1¢ ben8fit Educalion Chlldren's Education Amanah Day Nursery Amanah Arabic Schools and Muath ArabSc School IAu8lh Centre for Education and Training Community SeNices Outreach I Public Relations Arnanah Youth SeM¢es Elderly services Confgronce and Banquellng Sports Hall Amanah Masjid Tnjsl Qualty Care Ltd Aohlgvem•nt8 and porfom7anc• . Main achievements of the Charlty This year has been like no other Ihal the worfd has seen, the offects of thg Covid-19 pandemic have been lar reaching and have changed everyihing Ihat we had taken for granted in the past. Every aspe¢l of lifo has become secondary with the primary focus bgcoming the light against the spread of the virus. The Muath Tw8t has had to rethink and reassess its strategy constantly thfoughoul the year due lo th8 dovastaling effects of th8 pandemic on Its services. A number of actlvilles and seNices have had lo be suspended from d¢pending on the guidance prOded by Ihg Govornmenl throughout the year. Tha yaar has been challenging and the situation has been over changing, so there w88 a need lo manage and continue delivering seNices wthin the restrictions in place. We have worked closely with Public Health Blrmlngham City Council slnce the start of the pandemic in March and have developed a dose worklng relationship In order lo attain a gcKJd understandino of what was Tequlred of the Trust throughput this period. Some of our 8clivitios have had lo be susp8nd8d or reduced due to the oxisting restrictions such as the Sport8 Hall, Venue hire, Youth artivitses. Amanah Masjid, the Nursery and the Arabic and Tahfeeth Schools. But throughout this pefiod the Centre has remained open In order lo continue to deliver car8 servicos under Tru51 Quality Care and the ESF projgcts that addross the needs of thg most vulnerable people in the communty. The suspension of aclivilles has had a significant impact on the regular income of the Trust and h88 meant that we have had to manage under difficult financial circum5tance8. This was truly an unprecedented year wlth the Trust having to pul Ils entlre business plan on hold, this was the Ilr8t t+me that the Mosjid was closed for the public during the month of Ramadan du8 to the first lockdo¥Nn. All the normal programm8s and activitie5 Ware suspended and the Muslim community in the UK was asked to perform their prayers and last in their homes and not to attend Ihe Masjid. Thls had a huge impact on the community which regards Ramadan a5 one of the most Important months of the year, but tho communlty exercised reslrainl and an exlraordlnary amount of patience for overall good of the society. But sinc9 July the Masjid opgngd its doofs lo worshippers, whilst adopting the necessary safely MeaSUS as per Government guldance. Page 3
The Muath Trust IA company limitgd by guarantee) Tru8t6e8' Report {contlnuedl For thè Yèar Endad 31 Decomber 2020 Achl•voments and perfomianc• (contlnued) b. Maln achlevem•nts of the Charity Icontinu•d) BL+1 daspile the dlfficulties faced. the Tru81 being a community focused organS$alion meant thal11 was Ide811y placed lo deliver much needed servicgs during this critical lime. A new project that was secured specKic8lly to support the over 50s during the pandemic wa5 awarded under the Hall Green Nei9hbourhood Network Scheme funded by Birmingham City Council. The project established a Covid-19 Community Hub al the Trust. providing a number of support servlces aimed at the most vulnerable people In the community such as delivering weekly free food parcels, distributing hot meals, delivgring shoppSng and medicines. befriending servlce and offering advic8 and guidance. This a¢tsMly has allracled large numbe of volunteers from th8 c(#nmunily lo help deliver the SeiCe5. The Mualh Trust Educ8tbn & Tralning C8ritre has conllnued lo deliver tsyo contracts for the Department of Works & Pensions supported by the European Social Fund lil8d AEGIS and Stepping Up as18ad organisalirm. Thls work has been particularly important for both the Trust and the peo¢ it serv&8 as thore ha5 been great nee¢J for this espeaally durSng th15 tsme. This year the Mualh Trust was wesented wlh the opportunity lo purchase The R08e Tavem, which has been s)peraling as a Public House. The property is of particular strategic SKJnificanco lo the Trust as it is in the comer and is surrounded on two sides by the Aman8h Maslid, The Trust has been keen lo acquire this property for some time and when th8 Opportunity arose thls year, the Trust look parl in the auction and acquired it. Once vacated, Ihe property could be rod8vgloped for a purpose more conducive to the activities of thè Masjid 8nd will also presgnl ihe Trust a gogd invgslmenl ¢Jpportunily that would benefit the Trust in the long term. monlloned in1881 yeals tEport, Trust Quality Care in February18$1 year look over the management of Rosemary Lodge Rest Home, an 8XlStlng care home for the elderly. The Care Home s8Ni¢es complement the existing home support sgrvice being provided by the Company since 2016. However, for both semce il has been a particularly challenging year, trying to care for people whilst protecting them from the virus. Both the servlces have rnanaged well under the circumstances through proactive management and givsng priority to health and well-belng of Ihg servlce users rather increasing numbers. Despite all these constraints and l am happy to report that the work ol the Trust has impmed and progressed gtsanificanlly and it is making a real differenca to th& community il sgrvos. Page 4
The Muath Trust {A ¢ompany limitgd by guarantèè) Trujtees. Roport (continued) For the Yr Ended 31 Decemb&r 2020 Achlovements and p8rfomian¢è {contlnued) Rwiow of actlvltles Educatlon and Tr•lnlng The Centre is a rBcognised for delivering a wide Tang8 of vocalKJno1 training COLrses for 8dutt8. The Tru61 thi6 used on the following are88.' Covid.. tho departm8nl wntlnued to work throughout the lockdown pgriod Tmlh advice and guSdan¢8 most needed either remotely over phong or face-lo-face. We had introduced protective screens for staff and pul in measures to ensure that work was COTried out safely. Online courses have been delivered with a number of leamers enrolllry onlo to COUf88S. Etlucation & Skills Funding Agency Contractr. we had been awarded a small additional budget under the Adult Education Budget by the ESFA until end of March 2020 to complete delivery of the project. With this the Contract has now come lo Bn end. We have delivered the fdli)wing courses., ESOL= 11 learners- 100Vo achievement rats Level 2 Diploma in Care.. 14 Learner5- 85% achievement rate112114 learner81 Level 2 Childc8re Course.. 20 learners- 90Yo achievement rale118120 learnerg) European Soclal Fund Contract.. as part of the East Blrmlngham Collective three European fund8d proj8cls are being d8lNergd through the Departfflent of Works & Pensions, The following is the progres5- AEGIS.. 2.1.. Enh8ncing EquBI Access to Lifelong Leamlng. Thls Is led by thè Mu81h Trust and Ihg project started ddivery with partners from July 2018, the contract wlll run unlll September 2021. We have morg tlme lo deliver this project 8nd are confident lo meet the larg&ts by tho ond of tho project. The Project Change Request has been approved for revising culpvts and spend, we are IoDking lo apply for a projecl exlenslon In Juno. We are delivertng the followin9 courses as part of th8 programme.. Level 2 ce.fiCate in Children & Young peopl8's Workforce Level 3 Diploma in Children & YOUNJ people's Worklorce: these are all fee paying. Lèvel 2 Dlploma In Car Level 2 and Level 3 Tèaching Assistant Courses Level Business Adminislralion In addition. 8 number of onlSne oourse6 for supporting the employed to UP5kn11. Iv. vl. Posltive Futures.. 1.1 Accos5 to Emp4oym8nt lor Jobseak8rs and Inactive People. Tho project was led by Ashiana Community Project. Delivery stsrted from April 2017 and ended in Seplernber 2019. ACP were audited by DWP in March 2019 and thi5 has delayed payments, we are awaiting payments from Q3 2018 lo the end of the project. Slepplng Up.. 1.4.. Active Induslon under Priorily Axis 1.. Indu8Ive Labour Markets. Thls Is led by the Mualh Trust and the project Started delivery from October 2018, the contract was due lo run until September 2020. The Project Change Request (PCRI WBS approved and the project was extended to March 2021. We have applled for a further extension on the Project to be able to doliver our targets and additional funding. Arabic & Tajweed courses fr>r Adults.. Ihe courses had stopped since March due lo the I(kdown. There W88 a plan lo restart dellverSng remotely but teachers were not very keen lo do so. Course5 h8ve now stsrted from Sgplgmber 2020 and th8 uptake is good esp8clally for the Conversational Arablc course. Courses In Tajwged and Arabic have also started with reduced numbers du8 to Ihe class capacity Page 5
Tho Muath Tru8t IA company Ilmlted by guarant•el Trusto8s' R•port IcontSnuod} For tho Year Endgd 31 Decombor 2020 Achlevem•nts and perfornianc• (contlnu•d) Supplementsry Schools The supp18mentary schools al Ihg Tru81 continue lo provide an lrnportanl programm8 of leaming for chiktran of the local community lo learn moi& about their culture and mother longug languggg. During the 2020121 Academic year the Schools had in total 485 students enrled who were divided into 33 class8s. We have in lolal 23 teachers employed by the School. The numbers have dropped by nearly 100 this year as some parents have decided not lo bring their chlldren duè to the pandemic. The School is a key project of the Trust through which, children over a number of year8 have been able to maintain Ihelr links wlh their culture and their langtjage. This has given the children the confidence about their idenllly and they have gone to Inlegr8le within the society they Iwe in and become self-assured and effectlve citizens In their commun5Ue8. ievemenls thi Due to th8 Covid-19 pandemlc the Tiust decl¢Yed to close all Schools in mid-march 2020 wlth a view lo Protect the health and wellbeing ol children antl staff. The Sch¢xsl8 decided lo explor8 811 ways to conliriu8 to leach children during this challenging lime remotely and managed to ensure that children completed the academic year by making all the necessary arrangenienls. Schools resumed wlth face-to~face teachlng in September 2020 bul when Bimlngham went into Tier 4 restricb'ons In December, the SGh¢y)Is decided lo dellver classes onllnè. The feedback received is positive overall as teachers have workad hard in ensuring conlinuily in leachlng wlh nec8ssory monitoring and supervision from the School Administration. GCSE.. students Achieved the highest grades al the GCSE Ara'C examlnalion despite all tho challenges of the Covld-19 pandemic Ihls year. Out of a total of 25 students, from the School and external candidates who were due 10 8it their exams this summ8r. all candidates achieved grades betweèn 9- 7 which are equivalent to A" A. So 100% of the candidates have achieved the highest grades possible. whlch 58 an incredible achlevemenL Compared to last year whare tho pass rale was 100Yo and 960A had achievèd grades A" Teacher Training.. training was att8nded by all 8taff and teachers. The training focused on th& new guidance for teachers aruund safe worklng In the current environm8nl 8nd a130 on using the new Smartboards installed in all classrooms. Safeguarding RefSher Training.. both Deslgnated Safeguarding Leads ol thg Schod attended DSL refreshgr training in January 2021. Youth and Sports The Centre conllnued lo make use of its own resources such 8s the Youth Club and Sports Hall and other activities lo offer young peopl8 an opportunity to partiThpaÈe In a variety of activiti6s and programm¢$. Key achievements this year included Regular Youth Club was held on Fridays and Saluidays iastarled in Seplernbar 2020 after belng closed slnce March. 11 was suspended due lo lockdown in January 2021. Sport England Community Fund.. BW8rded a grant to support the provision of altemalive swrts activity and to pay for Sports hall related adwity In April 2020. Amanah Youth have collaborated with MABY Birrningham, Aston University Isoc and A-suffa Institute to help feed the homeless. Hol meals are distributed every Wgdn8sday evening near Sn(Iwhill Slalion. They are also raising money to fund this actiwty. The Trust continued lo support Amanah FC in the CUTr8nl circumstsnces. Unfortunately, the senior leagu88 have been suspended for much of thè year and the activities have been vgry limited. However. AFC were able lo offer Covid secure sessions lo all attendees. Despit& the ongoing restridions, the club has grown as was ale lo offar 5 under 168 settings along wSth an adult leBm. AFC is now home lo in excess of 150 attendges on a weekly basls. Page 6
Tho Muath Tru$t (A company limltsd by gwiranteel Trust8. Report {¢ontlnuod) For tho Y¢ar Ended 31 December 2020 Achlevem8nts and rfOrniance {contlnued} Day Nursgry & Children A¢tl¥ltlo8 The Amanoh Day Nursery provkles a hrAlsbc nurturing caring onwronment delivers a moral and spiritual education guided by Islamic 8th08. 11 Is open to all sections of the local community and has the Gapacity to enrol around 72 children aged 2 to 4 years each year. The nursery is well-resourced and the thildren have access to an enclosed outdoor play area. 11 employs dedicated qualifiod 8taff who are trained In safeguarding and chlld protection. The Nursery follows the Earfy Years Foundation Stage whlch ensures a br08d balanced education for the cttlldr8n. The Nur8Bry rec8ived a ludgomenl of'Good' in all areas at the last Ofsled inspèckn'on in 2016. Wg have conllnued focus on parent partnership and involving the parents In children's learning. Ngwsletters and daily communication have begn pioduced during the year. We have undertakgn as sunjey to get feedback from parents in January 2021 and the r8SPOllSgs havg boon very posiliva and encouraging. Co-19. aftof closing ir7 March the nursery re-opened 8s per Government guidance for Early Ye8r8 provlders from June after und8rtsking a risk assèssment and gettlng consent from Parents on the rtsks. The numb8r of parents who decided lo bring their children was very 5rn811, The Nur88ry, as por Government guidance, has T8mained open as normal Since opening for the new oca(Semlc in September 2020. children have returned but the number of childien retuming h8s been lower than in prevk)us years. Nursery Edvcètion Fund grant from the Council have conflrmed that they will continue the funding based on reglstered childrgn. The Nursery Manager went on matsrnity leavè In July 2020 and a n8w Nursery Manger as Maternity Ms appolnled from September 2020. Thg new Manager split the role of Deputy baen Iwo staff members In (Yder not to Increase overheads. Eldarly Service8 The Trust has glvèn 8peclal 8ttenllon lo thi8 need In the Gomrnunity by off8ring secure SUppted housing vhthln Bord8sley Centr8 as well as providin9 dedlcaled services and programmes to address th18 need. Key achiev8m8nls this year including.. INe h8ve continued delivering the contract awariJe(I by Birmingham City Council, il has also helped much need8d support lo the isolated and vulnerable eldedy. The regular weekly programmes and the lunch club are hold on Wednesdays. Sparkbrook Ageing Better project= The programme w88 due lo end in Marth bul hag been extended and will now complete in Seplember 2020. Neighbourhood Network Schemes CovkJ-19 Community Hub.. is a neY funded progr8mme focused on providlng support to th8 over 50s living in Sparkbrook, 8alsall Heath an¢J Sparkhill dL*ring the pandemic. The progfamme offers support 7 days a week delivoring food parcels, hol meals, befriending service to those Isolated, advice and guidance. This wa5 a 6-monlh prograrnme and was extended further in 2021. Page 7
Th8 Muath Tru8t IA company Ilmlted by guarantee) Trusteas, Report IcontlnLbedl For tho Year Ended 31 December 2020 A¢hlevements and perfomlancg (contlnued) Trust Quallty Caro Ltd The Trust established a new wholly owned subsidiary company under the name of Trust Quality Care Ltd for the purpose of delivering Home Care Services. This involves providing pgrsonal and health care and assistancè to the elderly and adults in their own homes. The Company was approved by Care Quality Ctsmmission, Ihe regulating authority in the UK. as a registered provicjer of personal care in February 2016. 11 was also approved by Birmingham City Council as an aulhorfsed home care provider in July 2016 to take on clients regislgred with social seNces. The Company also provides serylces lo privalg dlents who fegister dSreclly. Key achi6Ments this year including.. SeNices hav9 conllnued durfng the pandemlc and Ih8re have been challenges with staff absence and self-isolalion and lack of Personal Protective Equipment. Despite this w8 contsnued lo d81ivgr the care al a good level and both staff and dvants have been safe from inf8Ctlon. Currenlly the Company h88 45 car8rs and 3 office slaff. We currently have 47 clients under our Ca which oquales to 2993 hours of care a month. We hope to continue lo add new clients on a regular basis through Birmingham Cty Council. NHS Continuing Heallhcaro as well 88 privalgly. We are getting clients with more hours 8nd double up ca118 which will help generate more income. Due lo the pandemic the Government has provKled the Company with an extra Infecllon Control Grant to support the safo deliver of care. sema e Re31 Home Rosemary Lodge Rest Home has bean run by TIu81 Quality Car8 its acquisib'on by a London based charfly in February 2020. Th8 Resl Home, an 8XlSting 29-bed r8sidential care home is loca18d In Kings Heath, 8irmingham. The Company received CQC approval in February 2020 and registration wlh Birmingham City Council was completed in March 2020. All staff and operations hav8 en transferred from the prevlous company lo TQC smoolhly. chievemenls ar The Home employ8 18 staff includlng manag&m8nl, care staff and ¢leanors. Currently there are 20 residents in the Home with a lolal capacity of 29 beds Duo lo th8 pandemic posing serious risk lo Care Home residents, we have been strict with admitting new residents and allowng visitors for fear of ithe spread of the infection over the year. The Care Home has fL*nctioned well despilg som& staff absgnce 8nd self-isolallng. Infection control measures had been adopled èarfy. All staff and resldents havo undergone rggular lesling and hav8 romained safe we have b88n free from Covid cases reported for residents for the year. l Residents and stsff have received their first dose of Covid vaccinations. A number of improvement have been cairied out during the year such as new Garden Furniture, Barbeque. Large TV, CCTV in common areas and roC8ntly a Visitor Pod has been inslBlled lo facilitsle safe visitsng of relatlves and farnily members. Roundsys Software.. we have introduced a 8peciglist soflware for Care Home managemgnt this year. the software will help In efficient delivery of care. Three Tablets have been purchased for the purpose. Page 8
The Muath Trust IA ¢ompany limited by guarants•l Tru8tees' R8port (continued) For th• Yèar Endod 31 Decemljor 2020 Aehlavements and perfomianu (contlnuedl Amanah Mosque The Amanah Masild 18 now regarded as one of the prominent mosques in Birmingham and caters for a large number of worshlpers, both men and women. In addition to providing prayers facilities. the Masjid delivers a variety of educational programmes and community services. The regular programmes and the Tahfeeth schools for boys and 9ids d8llvered by the Masjid are highly sought after. The Amanah Masjid was Invdved th oth8r 8imiingham Masjtds from th8 v8ry beginning in March, in discussions with Director of Publ1¢ Health BCC on planning lo keep the community safe durfng the pandemic. Tha Masjid was closed due to the lockdown from March Includlng the month of Ramad8n and Eld-ul-fitr. The Masjid Committee m8t r89ularfy from early June and has been open 8ince July by undertaking a detailed ri8k 888essmenl and putting the vafiol measures in line with Goverrbmonl Guidance for Place8 of Worship. Amanah Tahfeedh School: th8 registrations havo been very good with the numbers belng maintained. In the current academic year there are 15 circles for boys and 17 circlgs for gids with the total numbor ol students being as follows: 127 boys and 84 girls on weekends., and 38 boys and 17 gids during weekdays. Amanah Tahfeedh School cloged from mid-march 2020 with a vlew lo protecl the health and wellbdng of chlldren and staff. The lockdown and the worsening crisis meant the chances of r8suming normal cla8888 dur¢ng this acaéemic year werg extremely bleak. And the School decided to leach children during this challenging lime femolely. During this period Rayan Omar Shayar {15 years) and Maryam Abu Saeeda112 years) two Tahfeedh School girfs completed the Quvan memorisation. Conferenclng & Banquetln9 The Muath Banquellng and Conference Centre offer facili118s which Galer lor v8rlous fvs of events. Wlth our Grade11 listed. 18th Century building we are a unique wodding and confeTence venue. The centre offers quality facllilie8 for funolions, weddings, conferences and an array of other activities and programmes whlch are wèll used by local organisats'ons and the communlty. 11 has been a particularfy deva8ts1ing year for the deparimènt with Govemmenl restrictions due to the pandemic stopping all bookings most of the year. 8anqueting and Booklngs.. our tenants came back and resumed their acliwlles In June 2020. Some long- term coTrlracls have resumed such as British Council ACCA and IELTS exams 8nd others after making them aware of their responsibilities. 1 bookings have again been suspendèd from January 2021 due to the lockdown. Sports Hall.. booklng5 have 81so resumed after making the facility Covld seGure arKI maklng clients avrdre of new guidance. It closed agaln from January 2021 due to lockdown. Page 9
The Muath Trust IA company Ilmlted by guarantee) Tru8ttes' Report {contlnued) For the Ygar Ended 3108cembor 2020 AchVeMents and parformanco Icontlnu8d} Bulldlng Servi The main aim of the recent refurbishmgnl project of The Bordesley Centre was to create a quality18arning and 8¢¢888ible community venue for all. With an avgrage tsf over 5,000 PBople a week using the different facllities at the Centre. the upkeop and maintenance of the grade Il. listed building continues lo be a challenge. The Tnjsl. however. Is making the necessary Inve8lmenl to ensure that The Bordesley Centre contin$ to be a quality venue for use by the local communlty. Covid Secure.. based on the Govemmenl Guidelines a detailed rlsk assessmgnl has be8n carried out covering 811 functlons and seNicès delivered from the building. Naw MSnlbus purchased.. due to the CleanAir restrictions in the cty the existing Minibus would not bo allowed within the city limits wilhoul pay'ng a larrff. Thefore, the Trust purchBS8d 8 nearly new Volkswagen Minibus whth required some body repairs In 8UCtion. The Minibus ha8 been rep8ired and is currently in use. Ourlng this period when the bulldlng was partty c5osed a number of refurbishment and repair work has been carried out.. Received a donation of Smartboards for c188srooms from Ark Acadamos. these have been fitted in all the ¢18ssrooms. The Boilers have been serviced and rep8lred. Refurbishment ol Conference Room 1 and paintad the entrance and corridors. Other AGtivitl8slServl¢o4 In addition to the above mentioned Sei¢8S, the Centre is a hub of aclivlty for the local community and offers supported housing facilllies for the 8lderfy, a liv8ly cultural programme, recreats'onal and SPDrting activities for all through the Cenlre's indoor Sports hall and regular organised events, outings and trips. The Centre also offers quality facilities for functions, weddings, conferences ar4d an arr8y of other activities and programmes whlch Ore W811 usod by Ioc81 organlsations and th8 community. Financial rèview a. Going conrn After making approprlale enquiries, the Trustees have a reasonable expectsllon that the Charity has adequate resources to continue in operational axislence for the foresegable fthure. For this reason, they conlbnue lo adopt the go¢ng concern basis in preparing tho financial 51alements. Further details regarding the adopOn of the going concern basis can be lound in the accounting policies. b. Res•rv•$ pollcy The Trusl88s have considered the level of flnanclal reserves r8quir8d lo enable the charfty to meet ils obiigalions on an ongoing basis. The TriJst888 conSer that they shoLld aim lo hold as unrestricted funds level of reserves equivalent lo two months outgoing resources plus an estimate of the current liability for rèdundancy pay on existing staff. Given the number of projects and Ihelr diverse sources of fundlng, the Trustees consKlèr that this level of resorves would enable the company lo arrange an orderfy reduction in activities in the event of a mgjrir loss of funding. The long term strategy Is to build reserves through operating surpluses and donations. The management of the charlty and the Trustees are aware of the n8ed lo react immedlalely lo any shortfall in funding. Page 10
The Muath Tru8t IA company limited by guaranto91 Trust••s' Report {contlnuedl For the Year Ended 31 Dèc•mbor 2020 c. Matorlal Invoitm•nts pollcy Under the Memorandum and Artlcles of Association, as 8m6nded by a speclal resolution da18d 25 November 2014, the charity h8S the power lo make 8ny investment which the TNstee8 see fil. structur•i gov•rnanco and managemont . Constltutlon The charity and the group is registered as a charitable company Ilmited by guarantee and was ineorporaled on 19 June 2013 which is governèd by ilg Memorandum and Artldes of As8oclallon. as amended by a spec181 resolution on 25 November 2014 wkh a Companlos House registrallon number of 04805117. Tha wholly owned subsidiaries being Mualh Trading Limited and Trust Quality Caro were each incoorated on 17 Septsmber 2014 and IS April 2015 respectively and they are a150 governed by their Memorandum and Articles of Association per each of their dates of incorporation. The company has a registered office address of The Bordesley Centre, Str81ford Road. Birmingh8m. B11 IAR. The chority and the group is govemed and conslilul8d under a Momorandum and Articles of Association, as amended by a special resolution on 25 November 2014 dated 19 June 2003 and is a registere(t charity number 1100481. b. Method8 of •ppolntment or ol•ctlon ol Truste05 The management of the Group and the Charity is the responsibility of the Trustees who are eleGted and CIF opted un(ler the terms of the Memorandum of ASSOClI0n. c. Organlsatlonal structuré and docl$lon-m¥klng poll¢les The Board of Trus189s, whch comprises UP to 15 members. administer the company. The board meets al least once a year lo evaluate Ihe work. set objectives and agree on fulure strategy. In addition, there are a number of sub-Gomrnittees including a Management Committee that meets more frequently to manage the ¢harily and it roports back lo the boaTd of Trusteos. The Managem8nt Committee Includes a number of Iru8lee8, alggal advisor, as well as experienc8d m8rnb9rs of the communities served by the charity. A Chief Executive is appointed by the Iruslees lo manago the implemenlalion of strategy, pollcies and day-to-day operations. d. Pollcle8 adoptgd forth• Inductlon and tralnlng of Tru8tOOS New Trustees und8rgo an orient81ion day to brief them on thelr responslblliues and legal obli9alions under the law and policies eonlained in the followlng.. Charity and Company Law. the content of the Mem<xandum arid Articles of Associallon, the Committee and declslon making processes. the busine55 plan and re¢8nt financial performance of the charity. During the induction day new Injslees meet key employees and other Trustees. In addili¢)n, they are encouiaged lo attend appropria188e88 exteinal training events to facililale their understanding of their role in tho Trust. •. Related party r•lation$hlps During the year the charity has Iwo wholly owned subsidiaries being Muath Trading Ltd and Trust Quality Care Ltd. The Iransad'ons of Ihgse subsidiaries are included within the consolidated financial statement5. Page11
The Muath Trust IA company Ilffilted by guaranteg) Trustaes. R•port Icontlnuedl For tho Year Ended 31 00¢ombor 2020 Structur81 govornance and managamgnt (contlnu•dl l. Flnan¢lal rlsk management The Trustees have assessed the major risks to whlch the charity and the groltp Is exposed, in particular those rdaled to the 0rationS 8nd finances of the charify and ihe group, and are sallsfied that syslgms and prwedures are In plac8 to mitigate our exposure to the major risks. The Truslegs are Satslied that the appropriate systems are In place lo manage the r*sks that have been Idenb'fied. Comprehensive insurance covgrls Sn place arKI DBS checks are carried out for all staff and particularly all staff that work with children and vulnerable groups. Also as part of this drive for good praclitx, regular remews of policies and procedur85 are made and HR support and Health and Safaty support and $grvlces are provide(I by a professional company. Plans for future p•rlods The major challenge In the coming year would be to recover from the impact of the pandemic on the octivits'88 and services of the TrLtsl during the last year. A nurnber of services had been suspended and the oulook for the current year 18 a slow and gradual return lo norm81ily, with the reduction in cases and the vacdnallon programme lakSng effect. So Ot wll be import8nt lo manage this gffectively and efficiently. The Trust had been succes$fL+I in beSng awarded 9rants and conlr8cls to deliver a number of soclalFy relev8nt and beneflcial programmes, thèse activities have benofitod local people and communitles. Wlth thesé programmes scheduled lo come durlng this year, il is important not only lo relain as many of the programmes as posslble but also exploring and identifying other opportunlties that would sustain the incorne streams in place. The services provided undér Trust Quality Care have gradually improved and h8ve bean able to meet the challenges pres8nled by the pandemic. With the addition of the Rosemary Lodge Ro51 Home. the Company can grow further during the coming year and other opporlunilies may also be explored. A major project the Trust will be undertaking is the development of The Rose Endowment Project. The conversion and development of the curr8nl Public House into a 16 BedroDm HMO and Commercial UnSts would roqLtire significant additional financial resources to fund the project Once established the projgct would provide the Trust wth a long term Sustainable income. Page 12
Th• Muath Trust {A company Ilmlted by guarnntee) Trustees. Report (continued) For the Year Ended 31 December 2020 Statomonl of Trustees. respon8lbllltlas The Trustees (who are a150 the directors of the Charity for the purposes of comp8ny18wI 8r8 responsible for preparino the Trustees, report and the financial slalements in 8ccordance with applicable law and United Klngdom Accounting Standard8 Iunlled Klngdom Generally Accepted Accounllng Praclicel. Company law requires thg Trustees to prepare financial statements for each linancial . Under company law. Itt8 Trustees musl not approve the financbal statements unless they are satislied that they give a tru8 and fair view of the state of affairs of the Group and thè Charity and of theiT incomlno resources and opplicalion of resources. ncluding Ihelr income and expenditure. for that pe0. In preparing these financl81 slalements, the Trustees ore required to= select sultsbl8 accounung polScles and then apply them conslslenuy.. observe the methods and principles of the Charities SORP IFRS 102).. make jijdgemenls and accounting eslimates that are reasonable and prLKlenl' stale whelhor applicable UK Accountin9 Standards IFRS 102} have been followed, Subject to gny mat8riBI departures disc1059d and gxplained in the financial statements., prepare the financlal statements on the going concern basis unless il is inappropriate lo presume that the Group wlll continuè In busina$$. Th& Trustees ar8 rgsponsible for keeping adequate accounllng records that are sufficlenl lo show and explaln the Group and the Charitls transactions and disclose with reasonable a¢ouracy al any timo the financial position of tho Group and the Charity and enable them lo ensure that the financial statsments comply wth the ompanies Act 2006. They 0 also responsible for safeguarding the 8888ts of the Group and the Charity and hence for taking reasonable stgps fof the prevention and detection of Iraud and other irregularities. Dlsclosurn of informatlon to auditors Each of the person8 who are Truslegs al the Ume when this Trustees, report is approved has ¢onflmi8d that.. so far as that TTuslee 18 aware. there is no relevant audit inlormalion of which tho ¢harilablo group's auditors ara unaware, and that Truslge has taken all the stgps that ought to have bean taken 8$ a Tru81ee In order to be aware of 8ny relevanl audit information and to establish that the charitable group's audllors are aware of that information. Auditors Thè aLltOrs, Dalns LLP, have Indlc8ted thgiT willingness to continu8 in office. The deslynatèd Trustees wlll pryJpose a mOn reappointing the awlltors at a maeting of the Tru8188S. Approved by order of the memr8 of the board of Truste88 on their behalf by.. YL /411. and signed on Mr Jaffor Mansour Mohammod Al4ham•ry Trustee Page 13
The Muath Trust IA company Ilmltsd by guarant80) Ind•p•ndont Auditors. Réport to th• M8mbgrs of Th• Muath Trust Oplnlon We have audited the financlal slal8ments of The Mualh Trust (the 'parenl ckn8ri18tAe companll and its subsldiarles Ilhe 'group'l for the year ended 31 December 2020 vthlch comprise the Consolldaled Slalemenl of Financlal Acb'vili8s, the Consolbdaled balanc8 sh881, the Char+ty balance sheet, th8 Consolldal8d statement of cash flows and the related noteB. including a summary of significant accounting policigs. The financial reporting framework that has been applied in their preparatlon is 8pplicable18w and United Kingdom Accounting Stsndards, including Flnancial Reporting Standard 102 'The Financlal Reporting Standard 8pplicable in the UK and Republic of Iland, Iunlted Kingdom Generally Acceplad Accounb'ng Praclicgl. In our opinion the financial sl8tsments-. give a true and fair view of the stale of the GfOUP'S and of the pargnl charitable company's 8ff8lr8 as at 31 December 2020 and of the Group's incoming rgsources and applirAlion of resources. Including Its Income and expenditure for the year then en(Sed.' have been properly prepared in accordance with United Kingdom Gènerolly Accepted Accounting Practice., and have been PrePad in accordance with the requirements of the Companies Act 2006. 8a¥18 lor oplnion Wo conducted our audit in accordance with Internalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are furlhar described in the Auditors, responsibililles ftsr the audit of the financial statemènts section of our report. We are ind8pendent of the Group in accordance wlh the ethical requirements that are relevant lo our audit of the financial stalefflenls in th8 Unilgd Kingdom. induding the Flnancial Reporting Council's Ethical Standard, 8nd we have luifilled our other ethical responsibilities in accordan ll1h these requirements. We believe that ihe 8udil evld6nce we have obt8ined Is strfficienl and approprlate lo provid8 a basi5 for our opinion. Conclu¥lons rglatlng to golng concern We have nothing lo report in respect of the followng matters in relation to which the ISAS {UKI require us to report to you where.. thg Trustee5' use of the golng concgm basis of accounllng in the preparat6on of the financi81 statements is not 8ppropriale', or the Trustees have not disclosed In the financial slalements any identified material uncertainligs that may cast signifi'canl doubt about the Group's or the parent charitable companls abilty lo continue lo adopt the golng concem b881$ of 8ccounting for a period of at least twelve months from the dale when the linancial statements ar& authorised for issue. Pag8 14
The Muath Trnst (A company Ilmltod by guarantso) Ind•pendent AudltorJ' Report to the MombDr8 of The Muath Trust IcontSnued) Other Inforn)atlon The Trustees are responsible for the other Infomialion. The other Inlomi8tion comprises the infofmalion induded in the Annual report. other than the flnanclal statements and our Auditrxs, report thereon. Our opinion on the flnanclal statements does not cover the other inforrnalion and. except lo th8 exlenl otherwise explicitly stated in our report, we do not exprgss any form of assurance conclusion Ihereon. In connection with our audit of the financial statements. our responsibility Is lo read tho other infomialion and, in doln9 so. consider wh8th8r the other informalion is materially inconsislenl with the financial slatemenl8 or our knOedge obtained in the 3vdit or olherwse appears lo bè m8teTially mlsslaled. If we identify such materi81 inconsislencies or apparent material misstaternents. we are required lo determine whether there is a maleiial misstatement in the financial statements or a material misstatement of the other inforfflalion. 11, based on the woik we have performed, we conclude that there is a material misstatemgnl of this other Infomiation. we are r8quirèd to report that fact. We have nothing to report in this reg8rd. Oplnlon on other matters prescribgd by the Companies Act 2006 In our oplnlon, based on the work undertaken in the course of the audlt.. the information givon in the Trustees, Report for the finan¢io1 ar for which the flnancial statemènts are prepare(S is consistent wlh the financial slalements. tho Tfiislees, Report has been prepared in accordance OP1¢able legal requirgments. Matt•rs on whlch wg aro roquired to report by •xc&ption In the light of our knoedge and ersn(ling Df the charitable company and its environment obtained In the course of the audlt, we have not idenlSfied material mis5talemenls In th8 Trustees. Report. Wo have nothing to r8port in respect of the following matters in relation lo whth Compan188 Act 2006 roqLTrif88 us lo report lo you if, in our opinion= the parent charilablg company has not kept adequate 8nd Sufficient accounting records, or returns adequate lor our audit have nol been received from branches not visited by u8; or the paronl charitable company fSnancial slal6ments are not in agr88ment the accounting record8 and returns; or certain disclosures of Trntrstees, remL*neralion spe¢ifiet1 by law are not made., or we have not received all the information and explanations we require for our audit. Re$pon81bllltlo8 of trustees As explained more fully in the Tru819gs' responsiblllfjes slat6morit, Trustse8 Iwho are al80 th8 dlreclors of the charitable company for the purposes of company lawl are responsible for the preparati of the financial stolements and for being sg118fied that they give a true and fair vlew, an¢J for such internal contrd as the Tiustees determine is necessary to enable the proparalion of financial statements that 8re fr88 from materi81 m15Statemènl, whether duo to fraud or emr. In pr8paring the financi81 statements, the Trustees are responsib18 for assessin9 the Group's an¢J the paranl charltable companls abillty lo continue as a going concern, disclosing. as 8pplicablg. matters related to going concem and using the going concern basis of accountlng un19ss the Trustees ether intend lo liqvidale the Group or the parent charitabte company or lo cease operallons. or have no reallsUc allernatlve but to do 80. Page 15
The Muath Tru$t (A Company limltgd by guarantoal Indopondont AudltorB' Report to th• Members of The Mu¥th Trust {contlnu•d) Audttorn. re¥ponsibiliti•s for the audit of tho flnanclal statemonts Our obj9clives are lo obtain asOnable 835uranGe abovl whether the financial stalernenls a$ a whol8 are free from matorial misstatement. whether duè to fraud or error, and lo issue an Audltors, rèport that include8 our opinion. R888onable assurancpls a high leval of assurance, bul is not a guarantee that an audlt conducted In accordance with ISAS (UK) wll always delecl a material misslalemenl when il axists. Misstatements can allse from fraud or error and are consided materi81 if, individually or in the aggregate, they could reasonably be exCke to influenco the economlc decislons of users taken on the basis of thèse financwl statements. A further doscrbpllon of our r8$wnsibllkies for the audit of the financial stslements Is located on the FlnancAal Reportl'ng Council's website at.. .frc. .uk ditoisres Auditors, reporL onsibilities. This description forms part of our Usg of our report This report Is made sof8ly to the charltable comp8nl8 membèrs, as a body. in accordance wlh Chaptsr 3 01 Part 16 of the Companies Act 2006. Our audit work has been undertaken so Ih8t we might state to the charitable comp8nVs members those mallers we are required to state lo them in an AL*dilors' report 8nd for no other purpose. To the fullest extent permitted bylaw, we do not accept or 8ssume responsibillty lo anyone other than the charitable company and Its members, as a body, for our audit woik, for this report, or for the opinhJns we havg formed. AndrNv Morrls FCA (Senlor 8tstutory audltorl for and on behalf of Dalns LLP Slalutory Auditor Chartered Accountants Birmln9ham Dale.. 22 Septombr 2ozi Page 16
The Muath Trust (A company Ilmlted by guarnnteol Consolidated Statom•nt of financlal actlvlties {Incorporatlng Incom• and w•nditure a¢¢ount) For the Year Endèd 31 Dgcembgr 2020 Unrgstrlctod lund$ 2020 Rostrl¢tgd funds 2020 Total funds 2020 Total funds 2019 Incomo from: Donalions and legactes Charltable acliwties Other Iradln9 activities Investments 139,965 534,589 1,046,001 71 348,517 1.182,082 488,482 1,716,671 1.046.001 71 190.689 1,772,176 482,342 Total Income Expendltur• on: Raising funds Charitable acti118$ 1,720,626 1,530,599 3.251,225 2.445,207 932,148 367.887 932,148 1,869,052 476,803 1,834,615 1,501.185 Totsl exp•ndlturo 1,300,035 1,501,165 2.801,200 2.311,418 movoment In funds 420,591 29,434 450.025 133.789 R•conclliation of fund$: Totsl funds brought forward Nel movement in fund8 1.933,377 420,591 8,291,877 29,434 8.225,254 450.025 8,091,465 133,789 Total fund8 carrlad fop*ard 2,353,968 6,321,311 8,675,279 8,225,254 The notes on pages 2110 41 form part of thes8 linancial 8talemgnts. Page 17
Th• Muath Trust (A Company limlt•d by guarantso) Consolldatgd Balance Shgat As at 31 December2020 2020 2019 Not• Flxed assets Tangible assets Investment property 14 15 7,386,835 580.714 7,452,715 183,400 7,967,549 7,636.115 Current ass•ts Debtors Cash at bank and in h8nd 17 335,432 812,086 395,213 409.604 1.147,518 804.817 Creditors: amounts falling dug within one yeBr {439,788} {215,678} N•t ¢urr•nt as80tB 707.730 589.139 Total net assets 8.675.279 8,225,254 Charlty funds Reslriotgd fund8 Unrestricted funds 19 19 6,321,311 2,353,968 6,291.877 1.933.377 Tot•1 lunds 8,675,279 8,225,254 Th9 Twstees aCknOb9dge Ihelr responsibllilies for complwng with the requirements of Ihg Act with respect to accounting records and preparali¢)n of finanoial slalements. The financial statements were approved and authori5ed for i5$Ug by the Trustee$ on and slgned on their behalf by.. 2L/o? /J611 Mr Jaff8r Mansour Mohammod Al-shamery Trusteo The notes on pages 21 to 41 fonn part of these financlal Statements. Page 18
Tho Muath Trust IA company limltsd by 9uaranteel Charlty balance sheot A8 at 31 Decembgr 2020 2020 2019 Not• Flxèd assats Tangible assets Investments Investment property 14 16 15 7,007,924 200 183,400 7,065,210 2(K) 183,400 7,191,524 7,248.810 Currgnt assets Dgbtors Cash at bank and in hand 17 1.191,538 756,642 848.107 403,392 1.948,180 1.251,499 Credilor8'. amounts falling due wthln ong y¢ar 18 (377.338) {197,4421 Net current assety 1,570,842 1,054,057 Total net as8et8 8.762,366 6,302,867 Charlty funds Reslricled funds Unreslricled funds 19 19 6.321,311 2.441.055 6,291,877 2.010,990 Total funds 8,762,366 8,302,867 The Tnjslees acknowledg9 their re5ponsibililies for complwng with the requirements of the Act wth TpeCt to accounting records and proparBlion of flnanclal 8tslem8nts. The financial slalemenls were approved and authorised for issue by the Trustees on and signe their behalf 1/6 112t•l¥ Mr Jaffer Man¥our Mohammod Al-shamery Truste8 The not88 on page5 21 to 41 fomi part of these financlal stalemenls. Page 19
The Muath Trust IA company limited by guarantee) Consolidated Slatement of Cash Flows For the Year Ended 31 Decembgr 2020 2020 2019 Note cash Ilow• from oporatlng actlvltle8 Nel cash u88d In operatlnu actltreS 856,334 288,824 Cash flows from Inv•8tlng artlvltles Purchase of langlble red asset5 Purchase of inveslmanl property (56,538} 1397,3141 114,5021 Net ca$h used In Inv08tlng actlvltlej 1453.8521 14.5021 Change In cash and cash eguivalonts In th• year Cash and cash equivalents al the beginning of the year Ca8h and cash equlvalènts at tho •nd of the year 402,482 274.322 409,604 135.282 23 812,086 409.604 The note5 on pag8$ 21 to 41 form part af these financial statements Page 20
The Muath Trust IA company Ilmltsd by guarnnteel Notes to thg Flnancial Stattrmonts For the Year Ended 310ecember 2020 Gèneral Informotlon The Mualh Trust Is a prlvale charltable company Ilmlted by guarantse and registered In England and Walas. Its company and charity regislgrgd numbers and registered office address are shown on page 1 of these financial statements. Its principal activities and chartlable alms ara sel out In the Trusl89$' Report. Accountlng poll¢loS 2.1 8a61$ of prgparatlon of financial $tatom8nts The financial ststements have been prepad In acGordance with the Charfties SORP IFRS 1021- Accounting and Rew)rbng by Charities.. Slatemerst of Recommended Pracllce applicable lo ch8rltles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclwe 1 January 2015}. the Fbnancial Reporting Standard applicable in the UK and Ropublic of Ireland {FRS 1021 and the Companies Act 2006. The Mu8lh Trust m8ets the definiti of a pU1C benefit entity under FRS 102. Assets and liabilities are Initially recognised al hisioric81 cost or transaction value unless otherwise slated in the relevant accounting poIy. The Consolidated slalemenl of financi81 aclivi118s ISOFAI and Consolidated balance shBgt consolidate the financial slalgmgnts of tha Group and all of its subsidiary undertakings. The results of the subsidiaries are consdidated on a line by line basis. The Group hos taken advantsge of the exèmption allowed under section 408 of the Companios Act 2006 and has not presented its own Slat8manl of financial activlues In thes8 financial slal8ments. 2.2 Company status The charity 15 8 company limited by gu8rante&. Th8 members irf the comp8rsy are the Trustees named on page 1. In the event i)f the charity Ing wound up, the liability in resp8ct of the guarantee 18 limited lo £10 per memb8r of the charity. 2.3 Goin9 con¢orn The Group'8 charitsble 8clivsti&s, together with the foclors likely to affect its future development, performance and posillon are sel out in the Trustees, Report. The Trustees, have prepared forec88ts and projoclions that, taking account of reason8bly possible changes in activity as a T8suIt of the Covid-19 pandemic, show that the Group sh¢)uld be able to op8rale withln th8 level of its Gurronl facility. The Trustees h8ve a reasonable exp9clalion that the Group has ad8quate resources to continue In operational existgnc8 for a period of al loast e1ve months from the date of approval of th8se rinancial statements. Thus they h8ve concluded thal il Is re880nable lo ¢onlinu8 lo prepare the rinanoial statements on a going concèrn basls. Page 21
The Muath Trust IA company Ilmlted by 9uarantee) Notes to th• Flnancial Stat&mgnt$ For the Year Ended 31 December 2020 Accountlng pollcle$ {¢ontlnued) 2.4 In¢omo All Income is reoo9nlsed once the Charity has enlillgm8nt to the incom9. 11 Is probable that th8 Income wll be recelved and the amount of Income receivable c8n be measured reliably. The recognition ol income from legacies is dependent on est8blishing enliuemenl, the probability of r8celpl and the abillty lo eslimate with sufficient accuracy the amount receivable. Evidance of enlillemenl to a legacy exists when the Charity has sufficient evKlence that a gift has been left to them Ilhrough knowledge of the existence of a valid wlll and the death of the benefactor) and the executor is satisfied that thg pioperty in questlon wlll not be required to sal8fy c18im5 in the estsle. Receipt of a legacy must ba rocognised whan 51 Is probable that It wtll be received and the f8lr value of the amount receivable, whid) will generally the expected cash amount to be distributed to the Charity, can be reliably measured. Grants 8r8 induded in the Consolidated stslem8nl of financial acuvllles on a receivable ba8[8. The balance of income receivèd for specific purposes bul not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of 8ntitlemenl of receipt. its recognition is deferred and included in creditors as deferred inc¢me. Where entitlement occurs before income is received, the Incomg is accrued. Other income is recognised in the period in which it is recwvable and to the oxlenl the good$ have been provided or on completion of the servicé. 2.5 Expenditurn Expenditure is recognised once there is a leg81 or constructive obligation to transfer o¢onomlc benefit lo a Ihlrd party, It Is probable that a transfer of economic beneflls wll be required in selllern8nl and the amount d the obligation Gan be measured reliably. Expendllure is classifiéd by aotivity. The costs of each activity are mada up of the total of dlrecl cL)sts and shared costs, includSng support costs involved in undertaking each aclivily. Direct costs allributable lo a single activity are 8l¢ocaled dlrecuy lo that activity. Shared costs which contribute to more Ihan one acliwty and support costs whSch are not altribulable to a Single aclivlty ar8 apportion8d beeen those aclivtlies on a basis Consistent with Ihg use of resourcgs. Central staff costs are allted on the basls of lime Spent, and deprèciation charges allocated ¢)n the portion of the asset's use. Expenditure on charftable activiles Is incurred on diredy undertaklng the 8Ctiv*li88 which further Ihe Group's objectives, as well as any associated support costs. Grants payable 8re charged in the ye8r en the offer is made except in those cases where the offer is condillonal, 5UGh grants being recognised as expenditure when the conditions attaching are fulfill8d. Grants offered Sublect to conLlib'ons whlch have not been mel at the year end ara noted as commitment, bul not accrugd as expenditure. All gxpendllure Ss Incluslv8 of Irrecovèrable VAT. 2.6 Government grants Coronavirus support gr8nts are credited to the Consolidated st81emenl of financial 8Ctlvilies as Ihe related expendllure is IncLtrred. Page 22
The Muath Trust IA company Ilmhted by guarants•) Notes to the Financial Statemonts Forlho Ygar Ended 310oc8mber 2020 Accountlng policies (Contlnuodl 2.7 Interest rg¢olvabl• InteTesl on funds held on deposit Is Includ8d when rec8lvablg ond the amount can b8 measured reliably by the Group- thi5 is normally upon nolifiGalion of the interest paid or paYae by the inslilulion wllh whom the funds are deposited. 2.8 Tanglblo fixed a$$et and d•preciatlon Tangible fixed a55els costing £1,000 or more are capitalised and recDgnised then future economic benefits arg probable and the cost or value of the asset Can be measured reliably. Tangible fixed ossels are initially recognised 81 C4)81. After recognition, under th8 C51 model, tangible fixed assets are measured al cost less accumulated deprgcialion and any aumUlated impairment 108ses. Al costs incurred to brin9 a tangible fixed a$set into its inten(led working condlb'on should be Includgd in the measur8mgnt of cost. Al e8ch porting d8t8 tho Charsty asse8868 whether Ih8re is any indicallon of irnpairmenL If such Sn¢Jication exists. the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its valuo in uso. An impairment loss is fecognised Whe the carrying 8moLnt excee(Is the recoverable amount. Depreciation 18 charyed so as lo allocate the cost of tangible Ilxed 8Ssets less their residual value over thelr estbmaled useful lives, usirYJ the straighl-line arKI reduclng balance rnethods. DepreCian is provided on th8 following ba808'. Freehold propety Long-lerm leosahold propety Motor vehicles Ftxture5 and fittings Office equlpment 2% stralghl-llne on bulldings slraight-line over tho lif8 of the lease 20% reducing balanc 20Vh reducing balance 20% stralght-line The 88sets' residual v81ues, usgful lives and dgprg¢iatKJn methLxJs arè reviewed. and adjusted prospectlvgly il appropriate, or if there is an Irl¢allOn of a significant change since Ihe la8t reporting dale. 2.9 Investment property Investment properties are measured inlii811y al cost ond SLtbsequently at falr value 8t the reporting dal&, except where that propety is rented lo another group enlily. Depfeciatlon is not provlded on investment pmperty me88urod at fair v81ue. Page 23
The Muath Trugt IA company Ilmlted by guarnntèel Notes to the Financlal Statement8 For the Y•ar Ended 31 Oe¢ember 2020 Accountlng pollcles Icontlnued) 2.10 Investmgnt6 Investments In 8ubsidiari8s are valued al cost less provision for Impairment. 2.11 Dgbtors Trade and other debtors are recognised al the settlement amount after any Irade discount offered. Prepayments are valued al the amounl prepaid net of any irade discounts due. 2.12 Ca$h at bank and In hand Cash at bank and in hand includes cash and short-lerm highly liquid investments with a Short malurily of three months or less from the dale of acquisition or opelling of the deposit or similar account. 2.13 Ll8bilities and provisions Liab41ilies are recognised wh8n there is an obligatlon al the Balance sheet tjate as a 511 of a past event, il is probable that a transfer of economlc benefit wlll be required in selllement, and the amount the settlem8nl can be eslimalad rellably. Liabilltw are recognised al thè arnount ihal the Charily anlicipales it will pay lo settle the debt or the amount 51 ha8 ieceived as advanced payments for the goods or services il musl provide. 2.14 Flnanclal Instrum•nt$ The Group only h88 fln8ncial assets and flnanciBI 118bilities of a kind that qualify as basic financial instrument5. Basic financial instruments are inltlally iecogniséd 81 transaction value and subsequently m8asL+red al their settlement valug with the exception ol bank loans which are 8ubsequently meaSUd al amortised cost using the effeclivo inloresl m81hod. 2.15 Penslons The Group operates a defined contribution pension schome and the pension charge rèpresents the amounts P8yable by the Group lo the fund in respect of the year. Page 24
The Muath Trust IA company Ilmited by guarantoel Not•$ to tho Finan¢ial Staloments For th• Year Ended 31 Dgcember 2020 Accounting pollcle8 (Contlnued) 2.18 Fund a¢¢ounting General funds are unrestrfctsd funds whlch are avallable for use al the dlscrgtion of the Trusle8s in furth&r8nce of the general objectives of Ihe Group and have not been designatsd for other purposes. Designated fun(Is comprise unreslrlcled funds that have bean sal aslde by the Trustees for particular purposes. The aim and use of each desgnated fund is set out in the notes to the financial statements. Restdcled funds are funds which are lo be used In accordance wllh specific reslrfcllons Imposed by donors or which have been raised by th8 Group foi pBrbcular purpos8s. Thg costs of raising and administering SUGh funds are cha¥ged againsl the specific fund. The aim and use ol each restricted fund 18 881 out in the notes to the financi91 statements. Investment income, gains and108888 are allocated to the appropiiale fund. Crltlcal accountlng 88tlmates and areas of judgement Estimates and judggmenls are conlinualty evaluated and are based hl8lorical axperience and olh&r factOf5. including expeGtalions of future events that are beliov¢d lo be rga$onable under the circumstances. Critlcal accounting estimates and assumptions.. The Ch8rity mBkes esllmatss an(J 88sumptions concemlng the future. The resulting a¢¢ounts'ng estimates and assumptions wlll. ty definS1ion. seldom equal Ihe related actual r8sults. The estimates and 8ssumptioris Ihat heve a significant risk of causing a material adjuslmtsnt lo Ihe carry7n9 amounis of assels and liabilities within the next financial year are discussed below. Critlcal Breas of judgement.. Dwociatlon The Trustees have reviewed the asset lives and 8s80clated rasidual values ol ell fixed asset cl8$88s and have Concluded that asset lives and residual values are appropriate given the activities of the th8rity. Page 25
Thg P•lualh Trust IA company Ilmltsd by 9uaranteo) Not•s to the Flnan¢ial Stat•m•nt$ For the Year Endod 31 Decembèr 2020 Income Imm donatlons and legacles Unrnstrfct•d Restrl¢ted lund8 funds 2020 2020 Total lunds 2020 Mosque donations Other donations in support of the trust Capital donations Government grants 54,286 54,286 139,965 150,000 144,231 139,965 150,000 144.231 139,965 348,517 488.482 The Group furtoughed certain staff under the governments Coronavirus Job Retention Scheme (CJRSI. The funding received of £144,231 relates lo claims made in respect of the year. Unr•strlcted Restricted funds funds 2019 2019 Total funds 2019 Mosque donation$ Other donations in support of Ihg trust 89.995 89,995 100,694 100.694 100,694 89,995 190,689 Income from charltsble actlvlti•$ Unrostrl¢t¢d R88trl¢ted fund¥ fund5 2020 2020 Total funds 2020 Edijcalion & Training Proj8cI & Grant Funding Nursèry Fees AAS & Tahfeedh Conference & Units Hire Resldential Accommodation 59.364 59.364 1.182.082 4.449 177.551 178.975 114,250 1,182,082 4,449 177,551 178,975 114,250 Total 2020 534,589 1,182.082 1,716.671 Page 26
The Muath Trust {A company Ilmlted by guarantee) Notes to Financial Statomonts For the Year Ended 31 December 2020 Income from chailtable actlvities Icontlnuedl Unrostrlcted Restrlcted tunds lund8 2019 2019 Total funds 2019 Education & Training Project Grant Funding Nursery Fees & Children5 Centre AAS & Tahfeadh Conference & Units Hire Residentl81 Accommodation 49,791 49.791 1,188.77T 26,234 222,761 176,957 107,656 1.188.777 26,234 222,761 176,957 107,656 Total 2019 583.399 1,188,777 1,772.176 In¢om• from other tradlng actlvltles Income from non charltabl• tradlng a¢tlvltlgS Llnr•8trlctod funds 2020 Total funds 2020 Total fund$ 2019 Trading sub81dlary Income 1,046,001 1,046,001 482,342 Invèstment In¢¢mo Unrestrlcted funds 2020 Total funds 2020 Total fund8 2019 Bank ifitergst 71 71 Page 27
Tho Muath Tmst IA company Ilffllted ty guarante•l P4ot•s to the Finanelal Statements For the Year Endod 31 Dècember 2020 Expendlture on ra5slno fund8 Consolldat•d trading subsldlary axpondltur• Unrostrict•d funds 2020 Total funds 2020 Total funds 2019 Staff costs Trading exponsgs Depiecialion 675,033 248.521 8.594 675,033 248,521 8.594 415,603 52,606 8,594 932.148 932.148 476,803 Analysls of gxpendituro by actlvttlo$ Activltles ndgrtaken dlrectly 2020 Grant fundlng of aotlvltlos 2020 Support costs 2020 Total lund8 2020 Opèrats'onal Services 1,185,059 374,416 329.577 1.869.052 Actlvltles undgrtak¢n dlr&¢tly 2019 Grant fundlng of actlvltle8 2019 Support Costs 2019 Total funds 2019 Op8raliono1 ServtC88 1.099.218 382,385 353,012 1,834,615 Page 28
Tho Muath Tru$t IA company limlted by guaranteo) Not•8 to the F5nanclal Statemènts For tha Year Endgd 31 December 2020 Analysis of expendlture by actlvlti•s (continued) Analy81$ of dlrect CO8t8 Total funds 2020 Total funds 2019 Stsff c08ts Operallonal servlce8 1,069,824 95,235 935.417 163,801 1,165,059 1,099.218 Anglysls of 8UPPOrt ¢o•ts Total funds 2020 Total funds 2019 Depreclauon Premises expense8 Vehicles and travel 113,824 134,165 6,353 18,845 32,004 2.927 21,459 109,400 151,639 11.360 22.449 31.113 4.149 22.902 Insurance Offlce administralon Bank charg85 Govemanco 329,577 353,012 Page 29
The Muath Trust IA company limlted by guarantee) Notes to the Flnan¢lal Ststements For the Year End•d 31 December2020 10. AnalyBls ot grants Grant8 to In¥titutions 2020 fund$ 2020 Grants lo dellvery partners 374,41 374,416 Grants to Institutlons 2019 Total fund$ 2019 Gr8nts to delivery partll818 382,385 382.385 Tha Group has made the fcllowing material grants to institutions during the ar.. 2020 2019 Nam• of InBtstutlon Northstar Communlty 8nd Economlc Development s8ces Ltd Ashiana Community Project Birmingham Asian Resourc8 Centre Narthex Sparkhill 109,599 264,817 224.247 78,810 38,192 14,766 374.416 356,015 Other grants lo insutulions 26,370 374,416 382.385 The granls have been made lo partners in delN8ring tsyo European Social Fund projects in the local commvnity aimed at catalysing skills development an(1 increasing employment prospects. 11. Audltorfs rèmuneratlon 2020 2019 Fees payable lo tha Group's 8ULlitor for the audit of tho Group's annual flnancial statements 10,925 10,025 Fees payable lo the Group's auditor in respect ol.. Tax compliance services All non-audil services not included at¥)v8 1.055 950 1,025 2.500 Page 30
The Muath Tru8t IA company Ilmlt•d by guarantee) Nots$ to tha Flnanci41 Ststomants For th• Yoar Ended 31 Decembor 2020 12. Staff GO*t8 Group 2020 Group 2019 Charity 2020 Charlty 2019 Wages and salario$ Soclal seourfty Gosts Penslon costs 1,647,349 80,612 16,896 1287,463 52,552 11,005 1,008.034 49,485 12,305 886,722 40,530 8.165 1,744,857 1,351,020 1.069.824 935.417 The average number of pgrsons omployed by the Charlty during the year wa8 as follows.. Group 2020 No. Group 2019 No. Charlty 2020 No. Charlty 2019 staff 171 142 117 No omployee received remunerBtKJn amounting to more Ihan £60.000 in either year. The amount of employee beneflt8 recelved key management personnel for thdr services lo the charity totalled £50.000 {2019 - £50,000). 13. Tru8tee8' remuneratlon and axpenses Ourlng the year, Tw8t8e8 recelved any rernuneratlon or 0th8r bengfits12019- £NILI. During the year ended 31 December 2020, no 8xpenses were reimbursed to Trustees12019 - £576 for trav818nd ho$pilality costs). Page 31
The Muath TbV•t IA company Ilmbted by guarantee) Not•s la th• Financial Statemants For tho Year Ended 31 December 2020 14. Tangible flxed a8Bets Group Long.temi Frnahold leasehold propérty property Motor Flxtures Offlco v•hlcl•s and fittings •qulpment Total Cost At 1 January2020 Addition8 1.660.547 6,976,933 27,950 19,388 605,659 33,785 153,018 9,424,107 3.365 56,S38 At 31 D8C8mber 2020 1,660.547 6,976.933 47,336 639.444 156,383 9,480,645 Depreclfttlon Al 1 January 2020 Charge for the year 284,285 33,211 981.692 62,294 27,163 4,035 525,234 22,205 153,018 1,971.392 673 122.418 At 31 December 2020 317,4 1.043.986 31,198 547,439 153.691 2,093,810 Net book value Al 3) December 2020 1,343,051 5,932,947 16,140 92,005 2,692 7.386.835 Al 31 Oecember 2019 1,376.262 5,995,241 787 80,425 7,452.715 Page 32
The Muath Trust IA company Ilmltéd by guarantee) Nots$ to th8 Financial Stat•m•nt8 For th• Year Ended 31 December 2020 l& Tangible flxed a4•0t8 (continued) Charfty Long-torm Fr•ehold l•asehold property property Motor Fixtur¢s Offlc• v•hicles and fittinB¥ oqulpmont Total Cost Al 1 J8nuary2020 Additions 1.230.859 6.976,933 27,950 19,388 605.659 33.785 153,018 8,994,419 3,365 56,538 At 31 December 2020 1,230,859 6,976,933 47.338 639,444 156.383 9,050,957 Depre¢latlon At 1 January 2020 Charga lor the year 242.102 24,617 981,692 62.294 27,163 4,035 525,234 22.205 153,018 1.929.209 673 113.824 At 31 December 2020 266,719 1,043,986 31.198 547,439 153.691 2,043,033 Nèt bo¢k valuo Al 31 Decèmbgr 2020 964,140 5,932,947 16,140 92.005 2,692 7,IJ07.924 Al 31 December 2019 988,757 5.995,241 787 80,425 7,065.210 The long-t8rm lease period is 125 years from 1990. Th8 leasehold property W88 acquired by The Mualh Trust on 21 November 2003 and is therefo being depreciated over the rem8iniNJ 112 years of Iheloase from this date on a slralght-line bosis. As requlred by National WeslminstBr Bank, there is a legal charge over the lowterm leasehold property to provide security in th8 event of a breach of the banking agreement wsth this entity. Page 33
The Muath Tru8t IA company Ilmlted by guarant•o1 Notès to the Financlal Stal•mvnts For th• Year Ended 31 D9rnber 2020 15. Inve¥tment property Group Freehold Investm•nt proporty Valuatlon Al 1 January 2020 Addition8 183,400 397,314 Al 31 ogcember 2020 580,714 Charity Freehold inve¥tm¢nt property Valuatlon Al 1 January 2020 183,400 Al 31 Decomber 2020 183,400 Undèr tha hlstoric81 o)st accounllng rules. thg carrwng value of the invoslmenl propety would hav8 boon.. Group 2020 Group 2019 Charity 2020 Charlty 2019 Hlstorical cost Accumulated depreclatM)n 607,314 135,0001 210,000 130,8001 210,000 135.()001 210,000 130,8001 572.314 179,200 175,000 179,200 Page 34
Thg Muath Tru$t IA company limltèd by guarante•l Notes to thg Flnancial Statgmènts For th• Year Endad 31 De¢ember 2020 16. Flxed asset Investments Invostments in $ubsidlary compan1•8 Charlty Cost Al 1 January 2020 200 At 310•¢emr 2020 200 See note 28 for details conceminu the svbsKJiary undertaklng8. 17. Dgbtors Group 2020 Group 2019 Charfty 2020 Charity 2019 Tr8de debtors Amounts owed by group undèrtakings Other debtors Prepayments and accrued income Grants receivable 112,114 49.068 53,890 940,249 11,428 492,944 1.332 26.998 194.988 594 4,185 341,366 2.027 194,988 1.985 341.366 335,432 395,213 1,191,538 848,107 18. Cr•dftors: Amounts falllng duo wbthln one llr Group 2020 Group 2019 Charity 2020 Charity 2019 Tradg Greditors Olher taxation and social security Olhgf cr8ditors Accruals and deferred Income 123,269 20,240 114,391 181,888 117,282 12.677 4.047 81.672 113.605 16.877 106,001 140,855 110.554 10,708 1,610 74,570 439,788 215,678 377,338 197,442 Page 35
The Muath Trust IA company Ilmltsd by guaranteo) Notas to the Financial Statgm•nt¥ For the Ytar Ended 31 0gc•mber 2020 19. Statem•nt ol lund$ Statsm•nt of fundB- current yoar Balon¢e at 31 Oocember 2020 Balanc• at 1 January 2020 Trttnsfers inl(out) Income Expendlture Unrè8trfcted funds Designatod funds Reserves Fixed assets 75,000 1.439,214 75,OLJO 1,730.048 {4,424} 295,258 1,514,214 14,4241 295,258 1,805,048 Goneral funds GenèrBI Funds 419,163 1,720,626 11.295.611) 1295,2581 548,920 Total Unr9Strlcted funds 1.933,377 1,720,626 11,300,035} 2,353,968 Rèstrlctod funds Fixed assets Community projects Mosque fund Coronavirus Job Retentlon Scheme 6,196,901 150.000 1.182,D82 54,286 (109.4001 11,182,082) {65.4521 6,237.501 94,976 83,810 144.231 1144,2311 6,291,877 1,530,599 {1,501,165) 6,321,311 Total of fund 8.225,254 3,251.225 12,801,200) 8.675,279 Desi9naled fuThJs comprise serveS set aside by the charitable company only for use with prKJr approval from the Bo8rd, and unrestricted amounts tied up in fixed assats. Reslricled funds comprise fixed asset financing, community project funding le.g. European Social Funding) and mosque donations and are therefore unavailable fof general use in iunning the Bordesley Cenlre. Page 36
The Muath Twst IA c¢mpany IlmStgd by guarantee} Notes to the Financial Statoments For the Ygar Ended 31 December 2020 19. Statement of funds (contlnuedl statem•nt of funds- prfor year Balanco at 31 De¢omb•r 2019 Balan •t 1 January 2019 Transfèrs inl{outl Income Exponditurn Unrostricted funds Daslgnated funds Reserves Fixed assets 50.000 25,000 1,439,214 75.000 1,439,214 50,000 1,464,214 1,514,214 Gengral fund General Funds 1,314.507 1,166,435 {597,5651 11,464,214) 419,163 Total Unre¥trict•d funds 1,364,507 1.166,435 1597,5851 1,933.377 Re¥trlcted fund8 Fixed assets Community projects Mosque fund 6.308,301 324.608 96,049 {109.4001 1,188,777 11,513,385) 89,995 191.0681 6,196,901 94.976 6,726,958 1,278,772 {1,713,8531 6,291,877 Total of fund8 8.091,465 2,445,207 12.311,4181 8,225,254 Page 37
The Muath Tfu8t (A company limited by guarantoel Notei to the Flnancial Statements For the Year Ended 31 December 2020 Summary offunds Summary of funds - curr•nt ytrar Balanco at 31 December 2020 Bal8n¢fj al 1 January 2020 Transf•rs Inllout) Incom9 Expendlturn DesignBted funds General funds Reslri¢l¢d funds 1,514,214 419,163 6,291,877 14,424) 295.258 1.720.628 11,295,611) (295.2581 1.530,599 11,501,165) 1,805,048 548,920 6,321,37 1 8,225,254 3,251,225 12,801,200) 8,675.279 Summary of fund$ . prlor yoar Balance at 31 December 2019 B8lanc• at 1 January 2019 Transfors Inlloutl In¢omo Expondlture Designated funds General lund8 Resliicled funds so,000 1,314,507 6,726,958 1.484,214 1597.5651 l),464,2141 11,713.8531 1,514.214 419.163 6.291,877 1,166,435 1,278,772 8,091,465 2,445,207 12,311,418 8,225,254 21. Analy8Ss ot net assets batw••n fund5 AnaIlS of net assets between funds- currgnt perlod Unr8slrl¢t•d Re8trlctod fund$ funds 2020 2020 Total fund8 2020 Tangible fixed assets Investment property Current assets Creditors due wlhin one year 1,730.048 5.656,787 580.714 83.810 7,386,835 580,714 1,147,518 1439.788) 1,063,708 1439,7881 Total 2,353,968 6,321,311 8.675,279 Page 38
The Muath Tru¥t IA company Ilmlt•d by guarante81 Not0$ to th8 Financial Stat•m•nts For th• Year Ended 31 December 2020 21. Analys18 of net a8801• between fund8 Icontlnued) alysls of net as6015 botween fund$ - prlor perlod Unrestrlcted Restrlctgd fund8 funds 2019 2019 Total funds 2019 Tangible fixèd 85sets Investment prop8rty CUrn1 assets Creditors due wlhln one yaar 1,439,214 6.013,501 183.400 94.976 7,452,715 183,400 804,817 1215,6781 709,841 1215,678) Total 1.933.377 6,291,877 8.225,254 22. Reconclllatlon of net movement In funds to net ¢g$h flow Irom op•ratlng acllvltlos Group 2020 Group 2019 Net Income for the {a8 per Statement of Flnancial Activllie81 450.025 133,789 AdJu8tm•nts for: Dapreclallon charges Decreaselllncre8se) In debtors Increase in creditor8 122,418 59,781 224,110 117,994 {99.3641 136,405 Net cash provldod by op•ratlng actlvltlos 856.334 288,824 Analy81s of cash and Gash •quivalènts Group 2020 Group 2019 Cash in hand and al bank 812.086 409,604 Page 39
The Muath Trust IA company Ilmltgd by guarantO0} Notès to the Financlal Stat•ments For the Year Ended 31 December 2020 Analy818 of changes In net debt At31 D•c•mbèr 2020 January 2020 C¥$h flow6 Cash at bank and in hond 409.604 402,482 812.086 25. Penslon commltmÈnts The group operates a dofined contrfbulions pension schem8. The assets of the schemo are held separately from those of th& group in an indepgndgntly admlnislerèd fund. The pgnslon cost charye represents contributions payable by the group lo th8 fund and amounted to £16,896 12019 - £11,005). Contributions tolalling £6.00112019- £2.8671 were poyable lo the fund al the balance sheet dale and are included in other creditors. Rélat party transa¢tlons The charitsble company had a net loan account balance of £847,772 du8 from group enlilies al the balance sheet date as detailed belosw. 2020 2019 Mualh Trading Ltd Trust Quality Care Ltd 872,023 (24,2511 474.609 18,355 847,772 492,964 Movements in the loan accounts did not imp8cI upon income or expondllure in the year asKle from £30,85012019- £18,000) managem8nl charge from the charitable parent lo Trust Qualily Care Ltd. The ¢harflable company r8ceived £150,000 as a dDnation from a Tru8tse. The donati did not require Ihg charity lo a118r the nature of ils existing activities. Page 40
The Muath Tru8t IA company Ilmlt•d by guaranto0} Not•$ to th• Financial Stst•m•nt8 For th• Y•ar Ended 31 Decèmbor 2020 ControllSng party Th&re is no one ultimale conlrolllng party of the Group. 28. Prfnclpal subsldlarfgs The following were subsidiary undertaking8 ol the Charity included Sn these consrAidated financlal slatemenls.. Namos Company numbor Prln¢lpal activity Cla99 ot shar•8 Holding Trust Quality Care Ltd 09543547 Provi8lon of care service5 Propety rental Ordinary 100% Muath Tradlng Ltd 09223310 Ordinary loo% The financial results of the subsidiaries for the year were.. Names Income 2020 Expendlture 2020 N•t assets I (liabilities) 31 D•combgr 2020 Trust Quality ca Ltd Mu8th Trading Ltd 1,036,925 9,076 945,513 17,485 13.257 1100.0431 Pag8 41