2022-12-31-accounts - The Muath Trust

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Trustees			Mr Adnan Abdul	Rahman	Rahman	Saif,	Chair
			Dr Dawood Abdul	Malek		Yaha Al-Hidabi
			Mr Jaffer Mansour Mohammed				Al-Shamery
			Mr Nageeb Mohammed			Ali
			Dr Ali Abdul Rahman		Qirbee (resigned			11 May 2023)
			Mr Kassim Mohamed		Salem Ahmed
			Mrs Faten Abdul	Galil	Yafai
Company	registered
number			04805117
Charity registered
number			1100481
Registered		office	The Bordesley Centre
			Stratford Road
			Camp Hill
			Birmingham
			B111AR
Company	secretary		Mrs Faten Abdul	Galil	Yafai
Chief executive officer			Dr Abdel Karim Bensiali			(resigned June		2022)
			Mr Salem Ahmed	(Acting		CEO	from July 2022)
			Mr Rawaad Mahyub (CEO from				June 2023)
Independent		auditors	Dains Audit Limited
			15Colmore Row
			Birmingham
			B32BH
Bankers			National Westminster		Bank Pic
			30a Harborne Road
			Birmingham
			B153AA
			Al Rayan Bank
			24a Calthorpe Road
			Birmingham
			B151RP

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Note	2022 5	2022 6	2022f	2021 5
Income from:
Donations and legacies			550,030	267,422	817,452	392,989
Charitable activities			788,219	525,467	1,313,686	1,610,351
Other trading activities			1,195,625		1,195,625	1,271,840
Investments			94		94	13
Total income			2,533,968	792,889	3,326,857	3,275,193
Expenditure on:
Raising funds		8	1,077,276		1,077,276	1,097,851
Charitable activities		9	863,660	845,973	1,709,633	2,121,594
Total expenditure			1,940,936	845,973	2,786,909	3,219,445
Net income/(expenditure)			593,032	(53,084)	539,948	55,748
Taxation			(705)		(705)
Net movement in funds			592,327	(53,084)	539,243	55,748
Reconciliation offunds:
Total funds brought	forward	19	8,540,504	190,523	8,731,027	8,675,279
Net movement in funds			592,327	(53,084)	539,243	55,748
Total funds carried forward		19	9,132,831	137,439	9,270,270	8,731,027

				2022		2021
		Note				5
Fixed assets
Tangible assets		14		7,048,072		7,217,831
Investment property		15		642,714		642,714
				7,690,786		7,850,545
Current assets
Debtors		17	283,830		366,238
Cash at bank and	in hand		1,516,393		1,238,178
			1,800,223		1,504,415
Creditors: amounts	falling due within one
year		18	(220,739)		(733,934)
Net current assets				1,579,484		870,482
Total net assets				9,270,270		8,731,027
Charity funds
Restricted funds		19		137,439		190,523
Unrestricted funds		19		9,132,831		8,540,504
Total funds				9,270,270		8,731,027

				2022		2021
		Note				5
Fixed assets
Tangible assets		14		6,678,223		8,847,514
Investments		16		301		301
Investment property		15		183,400		183,400
				6,861,924		7,031,215
Current assets
Debtors		17	1,369,339		1,528,841
Cash at bank and in hand			1,264,764		860,889
			2,634,103		2,389,730
Creditors: amounts	falling due within one
year		18	(169,150)		(612,204)
Net current assets				2,464,953		1,777,525
Total net assets				9,326,877		8,808,741
Charity funds
Restricted funds				137,439		190,523
Unrestricted funds				9,189,438		8,618,218
Total funds				9,326,877		8,808,741

					2022	2021
				Note	5	F
Cash flows from operating activities
Net cash used in operating activities				22	288,751	493,798
Cash flows from investing activities
Proceeds from the sale oftangible fixed Purchase oftangible fixed assets Purchase of investment property	assets				1,099 (11,635)	(5,706) (62,000)
Net cash used in investing activities					(10,536)	(67,706)
Change in cash and cash equivalents	in	the year			278,215	426,092
Cash and cash equivalents at the beginning		ofthe year			1,238,178	812,086
Cash and cash equivalents at the end	of	the year		23	1,516,393	1,238,178
The notes on pages 19to 40 form part ofthese financial			statements

Freehold property		- 2% straight-line	on buildings
Long-term leasehold	property	- 2% straight-line	on buildings
Motor vehicles		- 20% reducing	balance
Fixtures and fittings		- 20% reducing	balance
Office equipment		- 20% straight-line

		Unrestricted	Restricted	Total
		funds	funds	funds
		2022	2022f	2022f
Mosque donations			200,887	200,887
Capital donations		537,000		537,000
Other donations	in support ofthe trust	13,030	66,535	79,565
		550,030	267,422	817,452

			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021	2021
				5	5
Mosque donations				125,648	125,648
Other donations		in support ofthe trust	58,517	133,732	192,249
Government	grants		75,092		75,092
			133,609	259,380	392,989

				Unrestricted	Restricted	Total
				funds	funds	funds
				2022	2022	2022
				6	6	6
Education	8 Training			57,133		57,133
Project Grant Funding				185,183	525,467	710,650
Nursery Fees & Childrens			Centre	10,021		10,021
AAS &Tahfeedh				251,540		251,540
Conference		& Units Hire		169,840		169,840
Residential		Accommodation		114,502		114,502
				788,219	525,467	1,313,686
				Unrestricted	Restricted	Total
				funds	funds	funds
				2021	2021	2021
				6	6	6
Education		&Training		46,544		46,544
Project Grant Funding				108,702	954,817	1,063,519
Nursery Fees &Childrens			Centre	13,753		13,753
AAS &Tahfeedh				224,713		224,713
Conference		& Units Hire		146,820		146,820
Residential		Accommodation		115,002		115,002
				655,534	954,817	1,610,351

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
			E	E	E
Trading	subsidiary	income	1,195,625	1,195,625	1,271,840

Unrestricted	Total	Total
funds	funds	funds
2022	2022	2021
E	E	E
94	94	13

	Unrestricted	Total
	funds	funds
	2022	2022
	E	E
Staff costs	886,609	886,609
Trading expenses	180,639	180,639
Depreciation	10,028	10,028
	1,077,276	1,077,276
	Unrestricted	Total
	funds	funds
	2021	2021
	F	E
Staff costs	845,347	845,347
Trading expenses	243,910	243,910
Depreciation	8,594	8,594
	1,097,851	1,097,851

				Support	Total
		Direct costs	Grants paid	costs	funds
		2022	2022	2022	2022
			E	6	E
Operational	Services	1,283,511	(84,083)	510,205	1,709,633

				Support	Total
		Direct costs	Grants paid	costs	funds
		2021	2021	2021	2021
		F	E	E	E
Operational	Services	1,133,454	570,498	417,642	2,121,594

		Total	Total
		funds	funds
		2022f	2021 E
Staff costs		1,202,028	1,036,955
Operational	services	81,483	96,499
		1,283,511	1,133,454
Analysis of	support costs
		Total	Total
		funds	funds
		2022	2021
		8	E
Depreciation		161,657	166,117
Premises expenses		232,756	170,597
Vehicles and	travel	7,380	4,431
Insurance		24,634	22,614
Office administration		43,964	24,798
Bank charges		5,578	4,424
Governance		25,627	24,661
Loss on sale	offixed assets	8,609
		510,205	417,642

				Grants to	Total
				Institutions	funds
				2022f	2022f
Grants	to	delivery	partners	(84,083)	(84,083)
				Grants to	Total
				Institutions	funds
				2021 F	2021f
Grants	to	delivery	partners	570,498	570,498

The Grou	p has made	/(cancelled) the following gra	nts to institutions dunn	g the year
				2022f	2021f
Name of institution
Northstar	Community	and Economic Development	Services Ltd	595	308,076
Ashiana	Community	Project		64,185	118,192
Narthex,	Sparkhill			(148,863)	122,832
				(84,083)	549,100
Other grants to institutions					21,398
				(84,083)	570,498

						2022	2021
						E	E
Fees payable	to	the Group's auditor		for the audit ofthe Group's	annual
financial statements						13,250	11,450
Fees payable	to	the Group's auditor		in respect of:
Tax compliance		services				1,800	1,100
All non-audit	services not included		above			750	985

	Group	Group	Company	Company
	2022	2021	2022	2021
	E	E	E	E
Wages and salaries	1,947,948	1,767,603	1,134,213	981,057
Social security costs	106,407	87,689	58,295	49,189
Pension costs	34,282	27,010	9,520	6,709
	2,088,637	1,882,302	1,202,028	1,036,955

	Group	Group	Company	Company
	2022	2021	2022	2021
	No.	No.	No.	No.
Staff	190	196	135	137

		Long-term
	Freehold	leasehold	Motor	Fixtures	Office
	property f	property f	vehicles 5	and fittings f	equipment	Total f
Cost
At 1 January 2022	1,663,547	6,976,933	47,338	639,814	159,089	9,486,721
Additions				2,075	9,560	11,635
Disposals			(47,338)			(47,338)
At 31 December 2022	1,663,547	6,976,933		641,889	168,649	9,451,018
Depreciation
At 1 January 2022	350,767	1,162,646	35,202	565,572	154,703	2,268,890
Charge for the year	33,271	118,659	2,427	14,882	2,446	171,685
On disposals			(37,629)			(37,629)
At 31 December 2022	384,038	1,281,305		580,454	157,149	2,402,946
Net book value
At 31 December 2022	1,279,509	5,695,628		61,435	11,500	7,048,072
At 31 December2021	1,312,780	5,814,287	12,136	74,242	4,386	7,217,831

		Long-term
	Freehold	leasehold	Motor	Fixtures	Office
	property	property	vehicles	and fittings	equipment	Total
Cost				5	5	6
At 1 January 2022 Additions Disposais	1,233,859	6,976,933	47,338 (47,338)	639,814 2,075	159,089	9,057,033 2,075 (47,338)
At 31 December 2022	1,233,859	6,976,933		641,889	159,089	9,011,770
Depreciation
At 1 January 2022 Charge for the year On disposals	291,396 24,677	1,162,646 118,659	35,202 2,427 (37,629)	565,572 14,882	154,703 1,012	2,209,519 161,657 (37,629)
At 31 December 2022	316,073	1,281,305		580,454	155,715	2,333,547
Net book value
At 31 December 2022	917,786	5,695,62S		61,435	3,374	6,678,223
At 31 December 2021	942,463	5,814,287	12,136	74,242	4,386	6,847,514

	Freehold
	investment
	propertyf
Valuation
At 1 January 2022	642,714
At 31 December 2022	642,714

	Freehold
	investment
	propertyf
Valuation
At 1 January 2022	183,400
At 31 December 2022	183,400

		Group	Group	Charity	Charity
		2022f	2021 E	2022 8	2021 5
Historical cost		669,314	669,314	210,000	210,000
Accumulated	depreciation	(61,772)	(48,386)	(43,400)	(39,200)
		607,542	620,928	166,600	170,800

								Investments
								in
								subsidiaries
Charity
Cost or valuation
At 1 January 2022								301
At 31 December 2022
								301
See note 28 for details		concerning	the	subsidiary	undertakings.
Debtors
					Group	Group	Company	Company
					2022 6	2021f	2022 6	2021 6
Trade debtors					107,708	139,008	38,617	106,455
Amounts owed by group undertakings							1,190,518	1,255,300
Other debtors					9,757	4,156	438	407
Prepayments and accrued income					27,603	57,400	1,004	1,004
Grants receivable					138,762	165,674	138,762	165,674
					283,830	366,238	1,369,339	1,528,841
Creditors: Amounts	falling due		within	one year
					Group 2022f	Group 2021	Company 2022 6	Company 2021 F
Trade creditors					16'I,955	342,657	154,581	339,228
Corporation tax					705
Other taxation and soaal secunty					13,764	25,347		17,873
Other creditors					9,876	108,475	6,058	104,612
Accruals and deferred		income			34,439	257,445	8,511	150,491
					220,739	733,934	169,150	612,204

Statement	offunds	- curr	ent year
								Balance at
			Balance at 1					31
			January				Transfers	December
			2022 6	Income f	Expenditure	Taxation f	in/(out)	2022f
Unrestricted	funds
Designated	funds
Reserves			75,000					75,000
Fixed assets			7,860,545	537,000	(170,266)		(536,493)	7,690,786
			7,935,545	537,000	(170,266)		(536,493)	7,765,786
General funds
General Funds			604,959	1,996,968	(1,770,670)	(705)	536,493	1,367,045
Total Unrestricted		funds	8,540,504	2,533,968	(1,940,936)	(705)		9,132,831
Restricted funds
Community	projects			525,468	(525,468)
Mosque fund			190,523	200,886	(253,970)			137,439
international	donations-
Tafeedh				66,535	(66,535)
			190,523	792,889	(845,973)			137,439
Total offunds			8,731,027	3,326,857	(2,786,909)	(705)		9,270,270

Statement	offunds	- prior	year
								Balance at
			Balance at					31
			1 January				Transfers	December
			2021	Income	Expenditure	Taxation	in/(out)	2021
			6	F	6	F	6	6
Unrestricted	funds
Designated	funds
Reserves			75,000					75,000
Fixed assets			1,730,048				6,130,497	7,860,545
			1,805,048				6,130,497	7,935,545
General funds
General Funds			548,920	2,060,996	(1,945,844)		(59,113)	604,959
Total Unrestricted		funds	2,353,968	2,060,996	(1,945,844)		6,071,384	8,540,504
Restricted funds
Fixed assets			6,237,501		(166,117)		(6,071,384)
Community	projects			954,817	(954,817)
Mosque fund			83,810	125,648	(18,935)			190,523
International	donations-
Food baskets				27,328	(27,328)
International	donations-
Tahfeedh				106,404	(106,404)
			6,321,311	1,214,197	(1,273,601)		(6,071,384)	190,523
Total offunds			8,675,279	3,275,193	(3,219,445)			8,731,027

Summary	offund	s -current	yea	r
									Balance at
		Balance at	1						31
		January						Transfers	December
		2022 6		Income 6	Expenditure f	Taxationf		in/(out)	2022 6
Designated
funds		7,935,545		537,000	(170,266)			(536,493)	7,765,786
General funds		604,959		1,996,968	(1,770,670)	(705)		536,493	1,367,045
Restricted	funds	190,523		792,889	(845,973)				137,439
		8,731,027		3,326,857	(2,786,909)	(705)			9,270,270
Summary	offunds - prior year
									Balance at
				Balance at					31
				1 January				Transfers	December
				2021	Income 5	Expenditure	f	in/(out) F	2021
Designated	funds			1,805,048				6,130,497	7,935,545
General funds				548,920	2,060,996	(1,945,844)		(59,113)	604,959
Restricted	funds			6,321,311	1,214,197	(1,273,601)		(5,071,384)	190,523
				8,675,279	3,275,193	(3,219,445)			8,731,027

Analysis		ofnet assets between funds - cur	rent year
			Unrestricted	Restricted	Total
			funds	funds	funds
			2022f	2022f	2022f
Tangible	fixed assets		7,048,072		7,048,072
Investment		property	642,714		642,714
Current	assets		1,862,784	137,439	1,800,223
Creditors		due within one year	(220,739)		(220,739)
Difference					(1)
Total			9,132,831	137,439	9,270,270

			Unrestricted	Restricted	Total
			funds	funds	funds
			2021f	2021 5	2021 8
Tangible	fixed assets		7,217,831		7,217,831
Investment		property	642,714		642,714
Current	assets		1,413,893	190,523	1,604,416
Creditors		due within one year	(733,934)		(733,934)
Ttl			8,540,504	190,523	8,731,027

						Group	Group
						2022f	2021 6
Net income	for the	year (as per Statement		ofFinancial	Actwities)	539,243	55,748
Adjustments	for:
Depreciation	charges					171,685	174,710
Tax charges						705
Loss on the	sale of	fixed assets				8,609
Decrease/(increase)		in debtors				82,408	(30,806)
Increase/(decrease)		in creditors				(513,899)	294,146
Net cash provided		by operating	activities			288,751	493,798

Analysis ofcash and cash equivalents
	Group	Group
	2022 f	2021 F
Cash in hand and at bank	1,516,393	1,238,178

						At 1		At 31
						January		December
						2022	Cash flows	2022
						f	5
Cash	at	bank	and	in	hand	1,238,178	278,215	1,516,393

payments	und	er non-cancellable operating lease	s as follows:
			Group	Group	Company	Company
			2022	2021 8	2022	2021f
Not later than		1 year	3,590		3,590
Later than	1 year and not later than 5years		10,771		10,771
Later than	5 years		1,795		1,795
			16,156		16,156

			2021	2021
			E	E
Muath	Trading	Ltd	917,333	942,474
Trust	Quality Care Ltd		273,185	312,826
			1,190,518	1,255,300

The following	w	ere subsidiary undertaki	ngs ofthe Charity:
Names			Company	Principal	activity	Class of	Holding
			number			shares
Trust Quality	Care Ltd		09543547	Provision	ofcare	Ordinary	100/0
				services
Muath Trading		Ltd	09223310	Property	rental	Ordinary	100'/0
The financial	results ofthe subsidiaries		for the year were:
Names				Income		Expenditure	Net assets I
					2022	2022	(liabilities)
					E	E	31
							December
							2022
							E
Trust Quality	Care Ltd			1,158,175		(1,111,257)	13,257
Muath Trading		Ltd		37,450		(16,343)	(69,563)