2022-12-31-accounts

Contents			Page
Charity Reference and Administrative	Details		02
Trustees' Annual Report (Including	Directors' Report and Strategic	Report)	03
Independent Auditor's Report			07
Statement of Financial Activities (Including Income and Expenditure		Account)	09
Balance Sheet			10
Statement of Cash Flows
Accounting Policies and Notes tothe Financial Statements			12

Charity registration	Charity registration	1101413
number
Company	registration	04984474
number
Trustees		Nowsad Abdul Gani
		Bashir Sattar
		Haroon Karim
		Dr Esmail Fakirmohamed		Harunani
		Ashraf Abdul Sattar
		Mohamed Salman	Iqbal
		Mahmood Shaikhani
		Muhammad Shoaib	Ismail
Registered	office	3Weir Road
		Balham
		London
		SW12 8UW
Auditor		KWSR &Co, Chartered		Accountants	&Registered
		Auditors
		136Merton High Street
		London SW19 1BA
Bankers		Habib Bank pic
		264 Upper Tooting	Road
		London SW17 ODP

Forthe year ended 31De	ce	mber	2022
						2022			2021~
				Unrestricted funds .	Restricted funds		Total		'Total'. '
			Note	5		S
Income and endowments	from:
Donations and legacies			2	859		337,528	338,387		520 864,
Investment 8 Other			3	83,380			83,380		69,125
Total income and endowments				84,239		337,528	421,767		'933,645-
Expenditure on:
Charitable activities	.	.	-—4-=— -5,614		-- 337,528'		343,142		;9.14,901
Governance Cost			5	93,127			93,127		~f,83 084'
Total expenditure				93,127		337,528	436,269		,997";985
Net Exchange gains / (losses)									8 61'37,"
;Net income / (expenditure)				(14,503)			(14,503)		(S5;-7r23)
Transfers between funds
.' Surplus / (Deficit) in funds				(14,503)			(14,503)		~~(55,"7'23)
Reconciliation offunds:
Total funds brought forward			8	654,388		320,709	975,097		„, .825;049'
Prior Year adjustment				(7,397)			(7,397)		(:21;91,6
B/F General/Zakat/Trustee	Fund			.(500,000)	(337,528)		(837,528)		(14,622)
Utilisation
Fund transfer to Unrestricted		fund				(83,380)	(83,380)		.-.(69,'125)
Excess fund additions / disposals					2,748,209		2,748,209		31:1434
during the year
								4
Total funds carried forward				132,488	2	,648, 010	2780 498		+~975097&j

	Balance Sheet	Balance Sheet
	For the year	31December 2022
					Note		2022 S	2021,. - 5'
	Fixed assets
	Tangible assets							'50'0;0,0,0
	Investments							~7„39.7
								; '-50.17.",3977
	Current assets
	'Cash at bank	and in hand					2,794,182	48- ',384'
							2,794,182	'4811&384!':
	.Creditors: amounts-falling		due within one year	.	7, '		13684	113684,
	Net current	Assets / t liabilities)					2,780,498	'467;',1700'
								F
~	Total assets	less current liabilities					2,780,498	,',97.5'097
	I
	Chanty Funds
	Restricted funds				8		2,648,010	320,",709:,
	Unrestricted	funds			8		132,488
	Total charity	funds					2,780,498:-::98979;097!I

						2022	2021
					Note	S	5:
Cash flow from operating	activities				09	155,391	.178,587'
Bank profits Received / paid
Net cash flow from operating		activities				155,391	'.,178;588
Cash flow from investing	activities
Disposal of investment properties						500,000
Fixed Deposit Written off						(7,397)
Net cash flow from investing		activities				492,603
Cash flow from financing	activities
Receipts from issue of new long-term			loans
Repayment of long-term	loans
Trustee Liabilities Received						1,748,185
Trustee Liabilities Paid						(83,380)
Net cash flow from financing		activities				1,664,805	178,587	.
Net increase / (decrease)	in cash and		cash equivalents			2,312,799	. - 178,587
Cash and cash equivalents	at	the beginning		ofthe year		481,383	302,796	.
Cash and cash equivalents	at	the end	ofthe year			2,794,182	481,383	'
Cash and cash equivalents	consist of:
							'
Cash at bank and in hand						2,794,182	481,383
Short term deposits
Cash and cash equivalents	at	end date 31Dec2022				2,794,182	481,383

					Unrestricted	Restricted	2022	2021
					Funds $	Funds $	Total $	Total $
Donation / Lillah					859		859	82,939
Zakat Donations						337,528	337,528	781,581
Fees and Subscription		from	Members
					859	337,528	338,387	864,520
Income from donations		and		legacies was $338,387(2021-		$864,520)of	which $337,528(2021-$781,
was attributable	to restricted			and $859(2021-$Nil) was attributable to			unrestricted funds.
Income from Investments			&Other		Unrestricted	Restricted	2022	2021
					Funds $	Funds $	Total $	Total $
Other					83,380		83,380	69,125
					83,380		83,380	69,125

Charitable activities
		Unrestricted	Restricted	2022	2021
		Funds $	Funds $	Total $	Total $
Educational Assistance			65,333	65,333
Healthcare and Medical Projects			162,702	162,702
Other Specific Zakat Projects			109,493	109,493	781,581
Other Charitable Programs	and Events	5,614		5,614	85,284
COVID &Disaster Relief					48,036
		5,614	337,528	343,142	914,901

Governance costs
	Unrestricted	Restricted	.2022	2021
	Funds $	Funds $	Total $	Total $
Consultancy 8 HR	60,660		60,660	64,111
Legal, Professional	7,943		7,943	5,599
Advertising 8 Promotion	6,111		6,111	2,171
Auditors Remuneration	13,485		13,485	13,684
Finance	1,075		1,075	1,594
Other	3,853		3,853	1,768
Trustee Remuneration
	93,127		93,127	83,084
Auditor's remuneration
			2022	2021
			$	$
Fees payable to the charity's auditor	for the audit of	the charity's	8,241	7,800
annual accounts
Corporate finance transactions
Other services (Group Consolidation)			5,244	5,884
			13,485	13,684

6	Tangible fixed assets
		Investment properties	Land and buildings		Plant and machinery	Fixtures and fittings	Motor vehicles	Total
				$	$	$	$	$
	Cost or valuation:
	At 1Jan 2022	500,000						500,000
	Additions
	Disposals	(500,000)						(500,000)
	Revaluation
	At 31Dec 2022
	Depieciation:
	At 1jan 2022
	Charge for the year
	Impairment
	Revaluation
	At 31Dec 2022
	Net book value:
	At 31Dec 2021	500,000						500,000
	At 31Dec 2022
	The net book value of land and buildings			comprised.
							2022	2021
							$	$
	Investment properties:
	Freehold							500,000
								500,000
								500,000

The details ofthe WMO property	The details ofthe WMO property	The details ofthe WMO property	disposals are	given below;
Usage Type	Property	Selling Price		Cost US$		Name of Purchaser
	Unit No.		US $
COMIVIERCIAL	5-22,M-07		78,000	78,000	Mohamed Zubair Shaikh Mohamed llyas Shaikh
COMMERCIAL	S-OS,T-01		87,100	90,000	YahyaZakariaShaikhZakariya		llyasShaikh
COMMERCIAL	5-10,T-01		99,100	95,000	Yahya	Zakaria ShaikhZakariya	llyasShaikh
COMMERCIAL	5-13,M-07		79,800	80,000	Zakaria	Ilyas Shaikh
COMMERCIAL	5-15,0-07		78,000	78,500	Yahya	Zakaria Shaikh Zakariya	Ilyas Shaikh
COMMERCIAL	5-16,0-07		78,000	78,500	Yahya	Zakaria Shaikh Zakariya	Ilyas Shaikh
			500,000	500,000

7 Creditors: amounts	7 Creditors: amounts	falling due within one year	falling due within one year
						2022	2021
						$	$
Accruals —Audit	Fee					13,684	13,684
						13,684	13,684
8 Fund reconciliation
	Balance B/F as		Prior year		Received During Utilised/Disposal			Balance as at
	at	p1/p1/2p22	adjustments	Transfers	the year	During	the year	31/12/2022
Unrestricted funds
General Fund		124,168	(7,397)				(14,503)	102,268
Investment Funds		500,000					(500,000)
Other Funds		30,220						30,220
Restricted Funds
Zakat Fund		59,683			500,025		(337,528)	222,180
Trustee Funds		261,026		(83,380)	2,248,	184		2,425,830
,;.Total.,;„.:		975,097	(7,397)	(83,380)	2,748,209		(852,031)	2,780,498

econciliation ofnet income	/ (expenditur	e) to net cash flow fr	om operating activities
			2022	2021
			5	5
Net income / (expenditure)	for the year		(14,503)	(55,724)
Prior year adjustment			7,397	(21,916)
Dividends received
Depreciation and impairment	oftangible	fixed assets
(Gains) /losses on exchange	rates
(Profit) / loss on disposal oftangible fixed		assets
(Profit) / loss on disposal offixed asset investments
Excess receipts offund			500,025	311,434
8/fwd fund utilised			(337,528)	(83,748)
Provisions less payments
(Increase) / decrease in debtors				84,128
Increase / (decrease) in creditors				(55,588)
Net cash flow from operating	activities		155,391	178,587