|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||||
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|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||
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|||||||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||
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||||||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|
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|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|
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|Governance
costs|||||
|---|---|---|---|---|
||Unrestricted|Restricted|.2022|2021|
||Funds $|Funds $|Total $|Total $|
|Consultancy
8 HR|60,660||60,660|64,111|
|Legal, Professional|7,943||7,943|5,599|
|Advertising
8 Promotion|6,111||6,111|2,171|
|Auditors
Remuneration|13,485||13,485|13,684|
|Finance|1,075||1,075|1,594|
|Other|3,853||3,853|1,768|
|Trustee Remuneration|||||
||93,127||93,127|83,084|
|Auditor's
remuneration|||||
||||2022|2021|
||||$|$|
|Fees payable to the charity's auditor|for the audit of|the charity's|8,241|7,800|
|annual
accounts|||||
|Corporate finance transactions|||||
|Other services (Group Consolidation)|||5,244|5,884|
||||13,485|13,684|
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|6|Tangible fixed assets||||||||
|---|---|---|---|---|---|---|---|---|
|||Investment
properties|Land and
buildings||Plant and
machinery|Fixtures
and fittings|Motor
vehicles|Total|
|||||$|$|$|$|$|
||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 $|||||
|COMIVIERCIAL|5-22,M-07||78,000|78,000|Mohamed
Zubair Shaikh Mohamed
llyas Shaikh|||
|COMMERCIAL|S-OS,T-01||87,100|90,000|YahyaZakariaShaikhZakariya||llyasShaikh|
|COMMERCIAL|5-10,T-01||99,100|95,000|Yahya|Zakaria ShaikhZakariya|llyasShaikh|
|COMMERCIAL|5-13,M-07||79,800|80,000|Zakaria|Ilyas Shaikh||
|COMMERCIAL|5-15,0-07||78,000|78,500|Yahya|Zakaria Shaikh Zakariya|Ilyas Shaikh|
|COMMERCIAL|5-16,0-07||78,000|78,500|Yahya|Zakaria Shaikh Zakariya|Ilyas Shaikh|
||||500,000|500,000||||
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|7
Creditors: amounts|7
Creditors: amounts|falling due within one year|falling due within one year||||||
|---|---|---|---|---|---|---|---|---|
|||||||2022|2021||
|||||||$|$||
|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|
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|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|
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