REGISTERED COMPANY NUMBER: 04871449 (England and Wales) REGISTERED CHARITY NUMBER: 1102801 REGISTERED CHARITY NUMBER: SC045860 (Scotland) 

## REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 FOR 

## MINHAJ-UL-QURAN INTERNATIONAL 

Hadleys & Co. Ground Floor Import Building 2 Clove Crescent London E14 2BE 



MINHAJ-UL-QURAN INTERNATIONAL 

## CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 

|||Page||
|---|---|---|---|
|ReportoftheTrustees|1|to|4|
|ReportoftheIndependent Auditors|5|to|6|
|Statement ofFinancial Activities||7||
|Balance Sheet|8|to|9|
|Cash Flow Statement||10||
|Notes to the Cash Flow Statement||11||
|NotestotheFinancialStatements|12|to|19|





## MINHAJ-UL-QURAN INTERNATIONAL 

## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective | January 2019). 

## OBJECTIVES AND ACTIVITIES 

## Charity's status and objectives 

The organisation is a registered charity and was established by a trust deed made on 8th August 2003. The charity is governed under the Trust Deed and is controlled by the trustees. 

The objectives of the charity as outlined in the Memorandum of Association include the following: 

## 1. The relief of poverty, sickness, distress and suffering of any persons who are in need irrespective of their nationality, race, ethnic origin and religious beliefs 

2. The advancement of other charitable purposes for the public benefit, to provide recreational facilities and activities in the interests of social welfare with the object of improving conditions of life for people in need. 

3. The advancement of faith and religious practises of Islam 

- 4, The advancement of religious and general education for the benefit of the public 

## Principal activities and Review 

The principal activity of the charity during the period was the advancement and teaching of the Muslim religion in the United Kingdom with particular emphasis on promoting facilities for the young and the elderly. 

## The charity has also begun to offer funeral services for their members. 

## Public benefit 

As a charity, Minhaj-Ul-Quran International shall be able to demonstrate that its objectives and activities are for the public benefit as required by the Charities Act 2011. The trustees have reviewed the guidance issued by the Charity Commission on public benefit and have ensured that the objectives and activities comply with this statutory requirement. The trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charities Commission in datelining the activities undertaken by the charity. 

## This report explains our main activities and achievements in carrying out our aims. 

## Social investments 

Qur'an classes for the young continued throughout the year. Additional recitals were held as part of the ‘Irfan-ul-Quran' programme. 

## Interfaith Dialogues 

Continued emphasis was laid on Interfaith Dialogues within the local community. True & peaceful picture of Islam was presented to the community via these dialogues. Other communities were also invited to the mosque to get more knowledge about Islam , this has helped a lot to bridge the gap within the faiths of the local community. 

## Education project Online E learning: 

The charity has continued providing Online Islamic & language Classes. The Online Teaching facility is established at the head office in Pakistan from where qualified learned teachers provide one to one teaching to the students from all over the world. This project has helped Minhaj-Ul-Quran International to educate the community from different parts of the world, from all backgrounds and of any age. We aim to expand and put more resources into this project for more people to benefit. http://Awww.equranclass.com 

Page | 



## MINHAJ-UL-QURAN INTERNATIONAL 

## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023 

## OBJECTIVES AND ACTIVITIES 

Muslim Festivals 

Eid Festival: 

The usual two Eid festivals were celebrated during the year and lectures were held to inform and educate the young. Various other educational and social events were also organised together with the celebration of the birthday of the Prophet Muhammad (peace be upon him). 

## Rabi Ul Awal: 

MQI celebrates the holy month of Rabi ul Awal with its best spirit and joy. From the Ist day to the 11th day special evening programs were organised for the community to participate and get the knowledge about the life of the Holy Prophet Muhammad (May Peace be Upon Him). On the 12th a large conference is organised for the Muslim community which are welcome from all over the country to celebrate the Birthday of the Holy Prophet Muhammad (May Peace be Upon Him). 

## ACHIEVEMENT AND PERFORMANCE 

## Charitable activities 

The charity continued its charitable activities throughout the year with a focus on education to the local youngsters. 

## FINANCIAL REVIEW 

Principal funding sources 

General donations. 

## Reserves policy 

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equate to approximately three to five months unrestricted expenditure. This provides sufficient funds to cover management and administrative and other related costs. Unrestricted funds were maintained at approximately this level throughout the period. 

## Financial Review 

A summary of the results of the charity is given on pages 7 to 14 of the accounts. The trustees consider the progress during the year and the state of affairs to be satisfactory. 

## FUTURE PLANS 

The charity will continue its operations as usual in the future. All efforts will be made to consolidate the infrastructure ofthe charity through its branches in UK. 

One of the largest project of Minhaj-ul-Quran International "Madinat al-Zahra" is in the initial stages of development with the aim of developing "A Centre of Excellence” comprising of multi-purpose communal provisions, as an educational complex for generations to come. An iconic contemporary Mosque is part of this project which will meet the needs of the local community as well as be a centre to integrate with other religions and build an atmosphere of harmony and brotherhood within the community. Educational and community services will be specially highlighted and it will also have residential accommodation and a commercial zone for the local community to benefit. The project will be encompassing a place of sanctuary for all our communities catering for the educational, welfare, spiritual and human needs of our community. Special care has been taken in the design concept to galvanise within our vision of Britain's Muslim communities as progressive and creative members of society meeting the modern demands of the time. “Madinat Al Zahrah" a project of Minhaj ul Quran International where we also aim to be a dynamic hub linking together all parts of the community as per our aims and objectives which have been renowned, applauded and celebrated locally, nationally and internationally. The project development shall take between 6-8 years to complete with the first phase already. on ground with services already being rendered to the public. 

## STRUCTURE, GOVERNANCE AND MANAGEMENT 

## Governing document 

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 

Organisational structure 

Organisation is a limited company by guarantee. 

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## MINHAJ-UL-QURAN INTERNATIONAL 

## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023 

## STRUCTURE, GOVERNANCE AND MANAGEMENT 

Induction and training of new trustees 

Appropriate training has been provided to the trustee appointed during the year. 

## Wider network 

The charity currently has seven centres, London, Manchester, Nelson, Bradford, Walsall, Birmingham and Glasgow with wider organisational setups in other cities / towns also. 

## Related parties 

The charity has a very close relationship with its sister charity Minhaj-ul-Quran Welfare Foundation (MWF) , Registered Charity No. 1084057. Two of the charity's trustee is also a trustee of MWF although both charities are completely independent in their activities, management and financial matters. 

## Risk Review 

The trustees have conducted their own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. The systems, controls and procedures are periodically reviewed to ensure that they still meet the needs of the charity. 

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04871449 (England and Wales) $C045860 (Scotland) 

Registered Charity number 1102801 

Registered office 

292-296 Romford Road 

Forest Gate London E7 9HD 

## Trustees 

M Ali Company Director 

S Mursaleen Company Director O Ghani Company Director S A Khan Company Director 

## Company Secretary 

S A Khan 

## Auditors 

Hadleys & Co. Ground Floor Import Building 2 Clove Crescent London E14 2BE 

## STATEMENT OF TRUSTEES' RESPONSIBILITIES 

The trustees (who are also the directors of Minhaj-ul-quran International for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Page 3 



## MINHAJ-UL-QURAN INTERNATIONAL 

## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023 

## STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued 

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- - make judgements and estimates that are reasonable and prudent; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

In so far as the trustees are aware: 

- there is no relevant audit information of which the charitable company's auditors are unaware; and 

- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 

## AUDITORS 

The auditors, Hadleys & Co., will be proposed for re-appointment at the forthcoming Annual General Meeting. 

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. 

Approved by order of the board of trustees on 30 May 2024 and signed on its behalf by: 

## if 

S A Khan- Trustee 

Page 4 



## REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF MINHAJ-UL-QURAN INTERNATIONAL 

## Opinion 

We have audited the financial statements of Minhaj-ul-quran International (the ‘charitable company’) for the year ended 31 August 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

## In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company's affairs as at 31 August 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- - have been prepared in accordance with the requirements of the Companies Act 2006. 

## Basis for opinion 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 20 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## Conclusions relating to going concern 

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## Other information 

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report ofthe Independent Auditors thereon. 

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 

## Matters on which we are required to report by exception 

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: 

- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or 

- the charitable company has not kept adequate accounting records; or 

- - the financial statements are not in agreement with the accounting records and returns; or 

- we have not received all the information and explanations we require for our audit. 

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## REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF MINHAJ-UL-QURAN INTERNATIONAL 

## Responsibilities of trustees 

As explained more fully in the Statement of Trustees’ Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financia! statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

Our responsibilities for the audit of the financial statements 

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

- Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations. - Reviewing minutes of meetings of those charged with governance. 

- Reviewing internal audit reports. 

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. 

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 

## Use of our report 

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008, and regulations made under Section 154 of that Act and Charities and Trustees Investments (Scotland) Act 2005 and Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed. 

a 

## for". on behalfof Hadleys & Co. 

Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Ground Floor Import Building 

2 Clove Crescent London E14 2BE 

30 May 2024 

Page 6 



## MINHAJ-UL-QURAN INTERNATIONAL 

## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023 


**----- Start of picture text -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|2023|2022|
|Unrestricted|Restricted|Total|Total|
|fund|fund|funds|funds|
|Notes|£|£|£|£|
|INCOME AND ENDOWMENTS FROM|
|Donations|and|legacies|2|1,686,216|-|1,686,216|1,544,417|
|Other trading|activities|3|594,082|58,530|652,612|§27,534|
|Investment income|4|350,047|-|350,047|250,764|
|Other|income|-|-|-|88,508|
|Total|2,630,345|58,530|2,688,875|2,411,223|
|EXPENDITURE|ON|
|Charitable|activities|5|
|Salaries|286,764|-|286,764|356,285|
|Social|security|costs|17,502|-|17,502|24,513|
|Rates|and|water|49,375|-|49,375|46,458|
|Insurance|15,511|-|15,511|15,070|
|Light and heat|112,463|-|112,463|78,920|
|Telephone|and|fax|5,670|-|5,670|5,074|
|Printing postage|and|stationery|13,905|-|13,905|13,029|
|Advertising|7,121|-|7,121|222|
|Bookshop purchases|54,744|-|54,744|36,095|
|Travel|and|subsistence|19,466|-|19,466|15,765|
|Community|events|300,149|-|300,149|121,970|
|Cleaning|5,206|-|5,206|3,346|
|Repairs and|maintenance|104,664|-|104,664|66,047|
|E|Learning|266,860|-|266,860|261,290|
|Rent payment|-|-|-|3,972|
|Sundries|15,166|-|15,166|16,960|
|Education|$42,585|-|542,585|144,161|
|Office admin|152,758|-|152,758|123,673|
|Funera!|service|expenses|
|-|24,606|24,606|26,299|
|Other|193,590|-|193,590|147,180|
|Total|2,163,499|24,606|2,188,105|1,506,329|
|NET INCOME|466,846|33,924|500,770|904,894|
|RECONCILIATION OF|FUNDS|
|Total|funds brought forward|6,620,206|476,625|7,096,831|6,191,937|
|TOTAL FUNDS CARRIED FORWARD|7,087,052|510,549|7,597,601|7,096,831|

**----- End of picture text -----**<br>


> The notes form part of these financial statements 

Page 7 



## MINHAJ-UL-QURAN INTERNATIONAL 

## BALANCE SHEET 


**----- Start of picture text -----**<br>
31 AUGUST 2023<br>Unrestricted 2023 2022<br>fund Restricted Total Total<br>Notes z fund£ funds£ funds£<br>FIXED ASSETS<br>Tangible assets 10 4,767,487 79,755 4,847,242 3,842,208<br>Investment property 11 2,159,229 - 2,159,229 1,171,834<br>6,926,716 79,755 7,006,471 5,014,042<br>CURRENT ASSETS<br>Stocks 12 97,001 - 97,001 101,956<br>Debtors 13 19,086 - 19,086 244,223<br>Cash at bank and in hand 1,209,919 430,794 1,640,713 2,909,027<br>1,326,006 430,794 1,756,800 3,255,206<br>CREDITORS<br>Amounts falling due within one year 14 (517,570) - (517,570) (418,374)<br>NET CURRENT ASSETS 808,436 430,794 1,239,230 2,836,832<br>TOTAL ASSETS LESS CURRENT<br>LIABILITIES 7,735,152 510,549 8,245,701 7,850,874<br>CREDITORS<br>Amounts falling due after more than one year 15 (648,100) - (648,100) (754,043)<br>NET ASSETS 7,087,052 51 0,549 7,597,601 7,096,83 1<br>FUNDS 18<br>Unrestricted funds 7,087,052 6,620,206<br>Restricted funds 510,549 476,625<br>TOTAL FUNDS 7,597,601 7,096,831<br>**----- End of picture text -----**<br>


The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023. 

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements. 

The trustees acknowledge their responsibilities for 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) __ preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011. 

The notes form part of these financial statements 

continued... 

Page 8 



## MINHAJ-UL-QURAN INTERNATIONAL 

## BALANCE SHEET- continued 31 AUGUST 2023 

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on 30 May 2024 and were signed on its behalf by: 

S A Khan - Trustee 

The notes form part of these financial statements 

Page 9 



## MINHAJ-UL-QURAN INTERNATIONAL 


**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|CASH|FLOW STATEMENT|
|FOR THE YEAR ENDED|31|AUGUST 2023|
|Notes|2023£|2022£|
|Cash|flows|from|operating|activities|
|Cash generated|from operations|1|872,967|799,645|
|Interest paid|(33,564)|(27,592)|
|Net cash|provided|by operating|activities|839,403|772,053|
|Cash|flows|from|investing|activities|
|Purchase of|tangible|fixed|assets|(1,121,094)|(406,249)|
|Purchase of investment property|(987,395)|(156,307)|
|Sale of|tangible|fixed|assets|-|88,508|
|Sale of investment property|-|261,492|
|interest received|772|264|
|Net cash|used|in|investing|activities|(2,107,717)|(212,292)|
|Change|in|cash|and|cash|equivalents|in|
|the|reporting period|(1,268,314)|559,761|
|Cash and|cash|equivalents|at|the|
|beginning of|the reporting|period|2,909,027|2,349,266|
|Cash|and|cash|equivalents|at the end|of|
|the|reporting period|1,640,713|2,909,027|

**----- End of picture text -----**<br>


The notes form part of these financial statements 

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## MINHAJ-UL-QURAN INTERNATIONAL 

## NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2023 

## 1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 

||ACTIVITIES||||
|---|---|---|---|---|
||||2023|2022|
||||£|£|
||Net income forthe reporting period (as pertheStatementofFinancial||||
||Activities)||500,770|904,894|
||Adjustments for:||||
||Depreciation charges||116,058|97,120|
||Profiton disposal offixed assets||-|(88,508)|
||Interest received||(772)|(264)|
||Interestpaid||33,564|27,592|
||Decrease/(increase) in stocks||4,955|(5,209)|
||Decrease/(increase) in debtors||225,137|(130,079)|
||Decrease in creditors||(6,745)|(5,901)|
||Netcash provided byoperations||872,967|799,645|
|2.|ANALYSISOF CHANGES IN NETFUNDS||||
|||At 1.9.22|Cash flow|At31.8.23|
|||£|£|£|
||Net cash||||
||Cash atbankand inhand|2,909,027|(1,268,314)|1,640,713|
|||2,909,027|(1,268,314)|1,640,713|
||Debt||||
||Debts falling duewithin 1 year|(26,373)|7,298|(19,075)|
||Debts falling due after 1 year|(754,043)|105,943|(648,100)|
|||(780,416)|113,241|(667,175)|
||Total|2,128,611|(1,155,073)|973,538|



The notes form part of these financial statements 

Page [1 



1. ACCOUNTING POLICIES 

## MINHAJ-UL-QURAN INTERNATIONAL 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 

## Basis of preparing the financial statements 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

The financial statements are prepared under the historical cost convention and include the results of the charity's operations which are described in the trustees report and all of which are continuing. 

The financial statements have been prepared in accordance with the Charities Act 2011 and requirements of the Statement of Recommended Practice "Accounting and Reporting by Charities". 

The charity has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it qualifies as a small charity. 

## Income 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## Expenditure 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## Stocks 

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 

## Taxation 

The charity is exempt from corporation tax on its charitable activities. 

## Fund accounting 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## Foreign currencies 

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. 

Page 12 

continued... 



## MINHAJ-UL-QURAN INTERNATIONAL 

## NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2023 

|2.|DONATIONSANDLEGACIES|||
|---|---|---|---|
|||2023|2022|
|||£|£|
||Donations|1,683,084|1,372,769|
||Giftaid|3,132|171,648|
|||1,686,216|1,544,417|
|3.|OTHERTRADING ACTIVITIES|||
|||2023|2022|
|||£|£|
||Bookshop income|47,699|62,577|
||Funeral services|66,997|53,551|
||Otherincome|16,938|18,703|
||E-Learning and education|407,837|392,703|
||Subscriptions and events|113,141|-|
|||652,612|527,534|
|4.|INVESTMENTINCOME|||
|||2023|2022|
|||£|£|
||Rents received|349,275|250,500|
||Giftaid interest|772|264|
|||350,047|250,764|
|5.|CHARITABLE ACTIVITIESCOSTS|||
||||Direct|
||||Costs|
||||£|
||Salaries||286,764|
||Social security costs||17,502|
||Rates and water||49,375|
||Insurance||15,511|
||Lightand heat||112,463|
||Telephoneandfax||5,670|
||Printingpostage and stationery||13,905|
||Advertising||7,121|
||Bookshop purchases||54,744|
||Travel and subsistence||19,466|
||Community events||300,149|
||Cleaning||5,206|
||Repairsand maintenance||104,664|
||ELearning||266,860|
||Sundries||15,166|
||Education||542,585|
||Office admin||152,758|
||Funeral service expenses|||
||||24,606|
||||1,994,515|



Page 13 

continued... 



## MINHAJ-UL-QURAN INTERNATIONAL 

## NOTESFOR TO THE THE FINANCIAL YEAR ENDEDSTATEMENTS31 AUGUST 2023continued 

## 6. SUPPORT COSTS 


**----- Start of picture text -----**<br>
|||||||
|---|---|---|---|---|---|
|Governance|
|Management|costs|Totals|
|£|£|£|
|Other resources expended|116,058|43,968|160,026|
|NET INCOME/(EXPENDITURE) INCOME/(EXPENDITURE)|
|Net|income/(expenditure)|is|stated|after charging/(crediting): charging/(crediting):|
|2023|2022|
|£|£|
|Auditors’|remuneration|5,800|4,100|
|Auditors’|remuneration|for non|audit work|3,000|2,000|
|Depreciation|-|owned|assets|116,060|97,119|
|Surplus on|disposal of|fixed|assets|-|(88,508)|

**----- End of picture text -----**<br>


## 7. NET INCOME/(EXPENDITURE) INCOME/(EXPENDITURE) 

Net income/(expenditure) is stated after charging/(crediting): charging/(crediting): 

## 8. TRUSTEES' REMUNERATION AND BENEFITS 

There were no trustees’ remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022. 

## Trustees' expenses 

There were no trustees’ expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022. 

## 9. STAFF COSTS 


**----- Start of picture text -----**<br>
||||||
|---|---|---|---|---|
|2023|2022|
|£|£|
|Wages|and|salaries|286,764|356,285|
|Social|security|costs|13,044|18,813|
|Pension|4,458|5,700|
|304,266|386,489|
|The average monthly number of employees|for the year was as follows:|2023|2022|
|Administration|9|9|
|Teaching|and|fundraising|61|64|
|Total|70|73|

**----- End of picture text -----**<br>


£229,854 is related directly to education classes which is reflected within the relevant category of education.No employees received emoluments in excess of £60,000 during the year. 

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## MINHAJ-UL-QURAN INTERNATIONAL 

## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023 

## 10. TANGIBLE FIXED ASSETS 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|Fixtures|
|Freehold|Plant and|and|Computer|
|property|machinery|fittings|equipment|Totals|
|£|£|£|£|£|
|COST|
|At|1|September 2022|4,566,574|27,500|167,424|161,335|4,922,833|
|Additions|1,094,805|-|3,517|22,772|1,121,094|
|At 31|August 2023|5,661,379|27,500|170,941|184,107|6,043,927|
|DEPRECIATION|
|At|||September|2022|821,121|7,631|137,726|114,147|1,080,625|
|Charge|for year|97,602|2,981|4,983|10,494|116,060|
|At 31|August 2023|918,723|10,612|142,709|124,641|1,196,685|
|NET BOOK VALUE|
|At 31|August 2023|4,742,656|16,888|28,232|59,466|4,847,242|
|At 3]|August 2022|3,745,453|19,869|29,698|47,188|3,842,208|
|INVESTMENT PROPERTY PROPERTY|
|£|
|FAIR VALUE|
|At|1|September 2022|1,171,834|
|Additions|987,395|
|At 31|August 2023|2,159,229|
|NET BOOK VALUE|
|At 31|August 2023|2,159,229|
|At 31|August 2022|1,171,834|

**----- End of picture text -----**<br>


## 11. INVESTMENT PROPERTY PROPERTY 

Properties have been reclassified from land and buildings to investment properties during the year. 

## 12 STOCKS 


**----- Start of picture text -----**<br>
||||
|---|---|---|
|2023|2022|
|£|£|
|Finished goods|97,001|101,956|

**----- End of picture text -----**<br>


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## MINHAJ-UL-QURAN INTERNATIONAL 

## NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2023 

|13.|DEBTORS: AMOUNTSFALLING DUE WITHIN ONE YEAR|DEBTORS: AMOUNTSFALLING DUE WITHIN ONE YEAR|DEBTORS: AMOUNTSFALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|
|||||2023|2022|
|||||£|£|
||Other debtors|||8,920|120,511|
||Prepayments and accrued income|||-|116,440|
||Prepayments|||10,166|7,272|
|||||19,086|244,223|
|14.|CREDITORS: AMOUNTS FALLING DUEWITHINONE YEAR|||||
|||||2023|2022|
|||||z|£|
||Bank loansand overdrafts (seenote||note 16)|19,075|26,373|
||Social security and other taxes|||7,084|5,741|
||Other creditors|||453,395|340,339|
||Wages<br>Pensions|||28,326<br>890|37,514<br>1,164|
||Accrued expenses|||8,800|7,243|
|||||317,570|418,374|
|15.|CREDITORS: AMOUNTS FALLING DUEAFTERMORE THAN ONE|||YEAR||
|||||2023|2022|
|||||£|£|
||Bankloans (seenote 16)|||648,100|754,043|
|16.|LOANS|||||
||An analysis ofthe maturity ofloans isgiven below:|||||
|||||2023|2022|
|||||£|£|
||Amounts fallingduewithin|withinoneyearondemand:||||
||Bankloans|||19,075|26,373|
||Amounts fallingdue|in morethan five years:||||
||Repayable by instalments:|||||
||Bankloansmore5 yrby instal|||648,100|754,043|
|17.|SECUREDDEBTS|||||
||The following secured debtsare included within creditors:|||||
|||||2023|2022|
|||||£|£|
||Bank loans|||667,175|780,416|
||Barclays Bank Pic|has first|legal charge on the company's property situated|547 Longbridge|Road, Barking,|
||IG119DA.|||||



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18 MOVEMENT IN FUNDS 

## MINHAJ-UL-QURAN INTERNATIONAL 

## NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2023 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.9,22|in|funds|31.8.23|
|£|£|£|
|Unrestricted|funds|
|General|fund|6,620,206|466,846|7,087,052|
|Restricted|funds|
|Restricted|fund|476,625|33,924|$10,549|
|TOTAL FUNDS|7,096,831|500,770|7,597,601|
|Net movement|in|funds,|included|in|the above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|2,630,345|(2,163,499)|466,846|
|Restricted|funds|
|Restricted|fund|$8,530|(24,606)|33,924|
|TOTAL FUNDS|2,688,875|(2,188,105)|500,770|
|Comparatives|for movement|in|funds|
|Net|
|movement|At|
|At|1.9.21|in|funds|31.8.22|
|£|£|£|
|Unrestricted|funds|
|General|fund|5,742,563|877,643|6,620,206|
|Restricted|funds|
|Restricted|fund|449,374|27,251|476,625|
|TOTAL FUNDS|6,191,937|904,894|7,096,831|

**----- End of picture text -----**<br>


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MINHAJ-UL-QURAN INTERNATIONAL 

## NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2023 

## 18. MOVEMENT IN FUNDS- continued 

Comparative net movement in funds, included in the above are as follows: 


**----- Start of picture text -----**<br>
||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|2,357,673|(1,480,030)|877,643|
|Restricted|funds|
|Restricted fund|$3,550|(26,299)|27,251|
|TOTAL FUNDS|2,411,223|(1,506,329)|904,894|

**----- End of picture text -----**<br>


A current year 12 months and prior year 12 months combined position is as follows: 


**----- Start of picture text -----**<br>
||||||
|---|---|---|---|---|
|Net|
|movement|At|
|At|1.9.21|in|funds|31.8,23|
|£|£|£|
|Unrestricted|funds|
|General|fund|5,742,563|1,344,489|7,087,052|
|Restricted|funds|
|Restricted|fund|449,374|61,175|510,549|
|TOTAL FUNDS|6,191,937|1,405,664|7,597,601|

**----- End of picture text -----**<br>


A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 


**----- Start of picture text -----**<br>
||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|4,988,018|(3,643,529)|1,344,489|
|Restricted|funds|
|Restricted|fund|112,080|(50,905)|61,175|
|TOTAL FUNDS|5,100,098|(3,694,434)|1,405,664|

**----- End of picture text -----**<br>


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## MINHAJ-UL-QURAN INTERNATIONAL 

> NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2023 

## 19. RELATED PARTY DISCLOSURES 

The trustee, Mr S A Khan is a director of an insurance broker, the transaction between the two companies in the period period totalled £15,048 (2022: £12,384) 

## 20. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES 

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. 

Page 19