## 

|||Page||
|---|---|---|---|
|Reference and Administrative|Details|||
|Strategic Report||||
|Report ofthe Trustees||3 to|5|
|Report ofthe Independent<br>Auditors||6 to|8|
|Statement<br>of Financial Activities||||
|Balance Sheet||10||
|Cash Flow Statement||||
|Notes to the Cash Flow Statement||12||
|Notes to the Financial Statements||13 to|21|
|Detailed Statement<br>of Financial|Activlhes|22 to|23|





## 

## 

|TRUSTEES|||Dr. FAlaoui|Bouarraqul|Bouarraqul|(Chairman)|(Chairman)||
|---|---|---|---|---|---|---|---|---|
||||N G Misirli (resigned 21.3.21)||||||
||||Dr. A Abushwaima||||||
||||A J Koubaisy||||||
||||3Bouabdallah||||||
||||M ibrahim||||||
||||I Kady||||||
||||5Mohamed|(resigned||1.8.21)|||
||||TAydarus||||||
||||SAlmahdawi||(appointed||25.8.21)||
|COMPANY|SECRETARY||R Al Rawi||||||
|REGISTERED|OFFICE||MCC||||||
||||Ratby Lane||||||
||||Markfield||||||
||||LE67 9SY||||||
|REGISTERED|COMPANY|NUMBER|04927787 (England and|||Wales)|||
|REGISTERED|CHARITY NUMBER||1103290||||||
|AUDITORS|||Portus Audit|LLP|||||
||||Chartered<br>Accountants||||IL Statutory|Auditor|
||||31 High View||Close||||
||||Hamilton<br>Office Park||||||
||||Leicester||||||
||||Leicestershire||||||
||||LE49LJ||||||





## 

## 

## 



## 

## 

## 



## 



## 

## 



## 



## 

|||||2021|2020|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|S|E|
|INCOME AND ENDOWMENTS||FROM||||
|Donations<br>and legacies||||13,072|227|
|Investment<br>income||||806,653|578,777|
|Other income||||19,654|12,488|
|Total||||839,379|591,492|
|EXPENDITURE ON||||||
|Raising tends||||||
|Raising donations|and legacies|||13,034|14,479|
|Other trading<br>activities|||||6,837|
|||||I3,034|21,316|
|Charitable<br>aclivigies||||||
|Chadtable<br>activities||||484,974|667,022|
|Other|||||7,756|
|Total||||498,008|696,094|
|Net gains/(losses)|on investments|||1,622|(19,015)|
|NET INCOME/(EXPENDITURE)||||342,993|[123,617)|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought|forward|||8,206,091|8,329,708|
|TOTAL FUNDS CARRIED FORWARD||||8,549,084|8,206,091|





## 

||||2021|2020|
|---|---|---|---|---|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|8|E|
|FIXED ASSETS|||||
|Tangible assets||13|2,309|2,716|
|Investments|||||
|Investment<br>property||14|2,765,712|2,765,712|
|Social investments||15|4,604,438|4,604,438|
||||7,372,459|7,372,866|
|CURRENT ASSETS|||||
|Debtors||16|400,418|106,675|
|Cash at bank|and in hand||856,075|865,078|
||||1,256,493|971,753|
|CREDITORS|||||
|Amounts<br>falling due within one year||17|(37,151)|(81,919)|
|NET CURRENT|ASSETS||1,219,342|889,834|
|TOTAL ASSETS LESS CURRENT LIABILITIES|||8,591,801|8,262,700|
|CREDITORS|||||
|Amounts<br>falling due after more than one|||||
|year||18|(42,717)|(56,609)|
|NET ASSETS|||8,549,084|8,206,091|
|FUNDS||21|||
|Unrestricted|funds||8,549,084|8,206,091|
|TOTAL FUNDS|||8,549,084|8,206,091|





## 

||||||2021|2020|
|---|---|---|---|---|---|---|
||||Notes||8|8|
|Cash flows trom operogng|acfivities||||||
|Cash generated<br>from operations||||I|13,420|(21.914)|
|Interest paid|||||(10,228)|(10.228)|
|Net cash provided<br>by/(used<br>in)||operating||activities|3.192|(32.142)|
|Cash flows from investing|activities||||||
|Sale offixed asset investments|||||1,622||
|Sale ofsocialinvestments||||||462,177|
|Interest received|||||75|611|
|Net cash provided<br>by investing||activities|||1,697|462,788|
|Cash flows from financing|aclivgies||||||
|Loan repayments<br>in year|||||(13,892)|(13,892)|
|Net cash used in financing|activities||||(13,892)|(13,892)|
|Change<br>in cash and cash|equivalents||in||||
|the reporting<br>period|||||(9,003)|416,754|
|Cash and cash equivalents|at the||||||
|beginning<br>ofthe reporling|pediod||||865,078|448,324|
|Cash and cash equivalents|at the end||of||||
|the reporgng<br>period|||||856,075|865,078|





## 

||RECONCILIATION|RECONCILIATION|RECONCILIATION|OF|NET INCOME/(EXPENDITURE)|NET INCOME/(EXPENDITURE)|NET INCOME/(EXPENDITURE)|NET INCOME/(EXPENDITURE)|NET INCOME/(EXPENDITURE)|TO NET CASH|FLOW FROM|OPERATING|ACTIVITIES|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||2021|2020|
|||||||||||||E|K|
||Net Income/(expenditure)|||||||for the reporting|period|(as per the||||
||Statement of||Financial||ActiviHes)|||||||342,993|(123,617)|
||Adjustments|for:||||||||||||
||Depreciation||charges|||||||||407|479|
||(Gain)/losses||on investments|||||||||(1,622)|19,015|
||Interest received|||||||||||(75)|(611)|
||Interest paid|||||||||||10,228|10,228|
||(Increase)/decrease||||in|debtors||||||(293,743)|92,662|
||Decrease in|creditors||||||||||(44,768)|(20,070)|
||Net cash provided|||by/(used||||in) operations||||13,420|(21,914)|
|2.|ANALYSIS OF||CHANGES||||IN|NET FUNDS||||||
|||||||||||At|1.1.21|Cash flow|At 31.12.21|
||||||||||||||E|
||Net cash|||||||||||||
||Cash at bank||and|in|hand|||||865,078||(9,003)|856,075|
|||||||||||865,078||(9,003)|856,075|
||Debt|||||||||||||
||Debts falling||due|within|||I year||||(13,892)||(13,892)|
||Debts falling||due|after||I|year||||(56,609)|13,892|(42,717)|
||||||||||||(70,501)|13,892|(56,609)|
||Total|||||||||794,577||4,889|799,466|





## 

## 



## 

## 



## 

## 

|DONATIONS<br>AND LEGACIES|||
|---|---|---|
||2021|2020|
|||K|
|Donations|13,072||
|Other income||227|
||13,072|227|



|3.|INVESTMENT INCOME|
|---|---|
||Rents received|
||Interest receivable|



|2021|2020|
|---|---|
|E|E|
|806.578|578,166|
|75|611|
|806,653|578,777|



## 

|RAISING DONATIONS<br>AND LEGACIES|||
|---|---|---|
||2021|2020|
||S|E|
|Insurance|1,788|1,236|
|Telephone|473|1,758|
|Postage and stationery||675|
|Bank charges||131|
|Depreciation|383|451|
|Interest payable and similar charges|10,228|10,228|
|Support costs|162||
||13,034|14,479|



## 

|OTHER TRADING ACTIVITIES|||
|---|---|---|
||2021|2020|
||E|S|
|Support costs||6,837|



## 

||||Grant|||
|---|---|---|---|---|---|
||||funding<br>of|||
||||activities|Support||
|||Direct|(see note|costs (see||
|||Costs|7)|note 8)|Totals|
||||E||K|
|Charitable|activities|449,214|9,872|25,888|484,974|





## 

## 

|2021|2020|
|---|---|
|9,872|49,740|



|8.|SUPPORT COSTS|SUPPORT COSTS|||||
|---|---|---|---|---|---|---|
||||||Governance||
|||||Management|costs|Totals|
|||||E||E|
||Raising donations||and legacies||162|162|
||Charitable|activities||5,874|20.014|25,888|
|||||5,874|20,176|26,050|



## 

|Net income/(exp|enditure)<br>is stated after charging/(cr|editing):||
|---|---|---|---|
|||2021|2020|
|||E||
|Auditors'<br>remuneration||6,428|6,666|
|Depreciation<br>-|owned assets|407|479|
|Other operating|leases|I 1,700|1,950|



## 

## 

||Trustees' expenses|||
|---|---|---|---|
|||2021|2020|
||||E|
||Trustees' expenses|12,387|3,458|
|11.|STAFF COSTS|||
|||2021|2020|
|||5|E|
||Wages and salaries|50,952|50,941|
||Social security costs|593|1,162|
||Other pension costs|1,120|1,120|
|||52,665|53,223|



|The average|monthly<br>n|umber<br>ofemployees<br>during the y|ear was as follows:||
|---|---|---|---|---|
||||2021|2020|
|Fundraising,|marketing,|administration|2|2|





## 

|12.|COMPARATIVES<br>FOR THE STATEMEN'I OF FINANCIAL ACTIVITIES|COMPARATIVES<br>FOR THE STATEMEN'I OF FINANCIAL ACTIVITIES||
|---|---|---|---|
||||Unrestricted|
||||fund|
||INCOME AND ENDOWMENTS|FROM||
||Donations<br>and legacies||227|
||Investment<br>income||578,777|
||Other income||12,488|
||Total||591,492|
||EXPENDITURE ON|||
||Raising funds|||
||Raising donations<br>and legacies||14,479|
||Other trading<br>activities||6,837|
||||21,316|
||Charitable<br>activities|||
||Charitable<br>activities||667,022|
||Other||7,756|
||Total||696,094|
||Net gains/(losses)<br>on investments||(19,015)|
||NET INCOME/(EXPENDITURE)||(123,617)|
||RECONCILIATION<br>OF FUNDS|||
||Total funds brought forward||8,329,708|
||TOTAL FUNDS CARRIED FORWARD||8,206,091|





## 

## 

## 

|TANGIBLE FIXED ASSETS||||
|---|---|---|---|
||Fixtures|||
||and|Computer||
||fittings|equipment|Totals|
||S|E|E|
|COST||||
|At<br>I January<br>2021 and||||
|31 December 2021|21,387|2,584|23,971|
|DEPRECIATION||||
|At I January<br>2021|18,831|2,424|21.255|
|Charge for year|383|24|407|
|At 31 December 2021|19,214|2,448|21,662|
|NET BOOK VALUE||||
|At 31 December 2021|2,173|136|2,309|
|At 31 December 2020|2,556|160|2,716|
|INVESTMENT PROPERTY||||
|FAIR VALUE||||
|At<br>I January<br>2021||||
|and 31 December 2021|||2,765,712|
|NET BOOK VALUE||||
|At 31 December 2021|||2,765,712|
|At 31 December 2020|||2,765,712|



|SO|CIAL INVESTMENTS||
|---|---|---|
|||Mixed|
|||motive|
|||properties|
|||S|
|MARKET VALUE|||
|At|I January 2021 and||
|31|December 2021|4,604,438|
|NET BOOK VALUE|||
|At|31 December 2021|4,604,438|
|At|31 December 2020|4,604,438|





## 

## 

|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|16.|DEBTORS:|AMOUNTS|FALLING DUE WITHIN ONE YEAR|||||||
|||||||||2021|2020|
|||||||||E||
||Accrued|income||||||399,547|105,865|
||Prepayments|||||||871|810|
|||||||||400,418|106,675|
|17.|CREDITORS: AMOUNTS|||FALLING||DUE|WITHIN ONE YEAR|||
|||||||||2021|2020|
|||||||||E|E|
||Bank loans and overdrafts||||(see note 19)|||13,892|13,892|
||Accrued|expenses||||||23,259|68.027|
|||||||||37,151|81,919|
|18.|CREDITORS: AMOUNTS|||FALLING||DUE|AFTER MORE THAN ONE YEAR|||
|||||||||2021|2020|
||Bank loans (see note|||19)||||42,717|56,609|
|19.|LOANS|||||||||
||An analysis ofthe maturity||||ofloans||is given below:|||
|||||||||2021|2020|
||||||||||E|
||Amounts|falling due|within||one year on demand:|||||
||Bank loan|||||||13,892|13,892|
||Amounts|falling between|||one|and two years:||||
||Bank loan|1-2||||||13,892|13,892|
||Amounts|falling due|between|||two and five years:||||
||Bank loan|2-5 yrs||||||28,825|42,717|





## 

## 

|||2021|2020|
|---|---|---|---|
|||E|S|
|Bank|loans|56,609|70,501|



## 

|MOVEME|NT|IN FUNDS||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.1.21|in funds|31.12.21|
||||E|||
|Unrestricted||funds||||
|General|fund||8,206,091|342,993|8,549,084|
|TOTAL FUNDS|||8,206,091|342,993|8,549.084|



|Net mov|em|ent<br>in funds, include|d<br>in the above are as foll|ows:|||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
||||E|R||E|
|Unrestricted||funds|||||
|General|fund||839,379|(498,008)|1,622|342,993|
|TOTAL FUNDS|||839,379|(498,008)|1,622|342,993|



## 

|Compara|live|s<br>for movement<br>in funds||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.1.20|in funds|31.12.20|
|Unrestricted||funds||||
|General|fund||8,329,708|(123,617)|8,206,091|
|TOTAL FUNDS|||8,329,708|(123,617)|8,206,091|





## 

||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|||||E|E|E|
|Unrestricted||funds|||||
|General|fund||591,492|(696,094)|(19,015)|(123,617)|
|TOTAL FUNDS|||591,492|(696,094)|(19,015)|(123,617)|



## 



## 

||||||2021|2020|
|---|---|---|---|---|---|---|
||||||S|E|
|INCOME AND|ENDOWMENTS||||||
|Donations and|legacies||||||
|Donations|||||13,072||
|Other income||||||227|
||||||13,072|227|
|Investment<br>income|||||||
|Rents received|||||806,578|578,166|
|Interest receivable|||||75|611|
||||||806,653|578,777|
|Other income|||||||
|Job retention|scheme||||19,654|12,488|
|Total incoming|resources||||839,379|591,492|
|EXPENDITURE|||||||
|Raising donations|||and legacies||||
|Insurance|||||1,788|1,236|
|Telephone|||||473|1,758|
|Postage and stationery||||||675|
|Bank charges||||||131|
|Fixtures 8 fittings||dep'n|||383|451|
|Bank interest|||||10,228|10,228|
||||||12,872|14,479|
|Charitable<br>activities|||||||
|Wages|||||44,310|44,299|
|Social security|||||522|117|
|Pensions|||||784|784|
|Other operating||leases|||11,700|1,950|
|Rates and water|||||(12,709)|9,015|
|Insurance|||||638|443|
|Telephone|||||169|628|
|Legal and professional||||fees|12,093|11,114|
|Bank charges|||||333|258|
|Property expenses|||||274,385|489,315|
|Foreign exchange|||losses||1,146|(7,950)|
|Office services|||||1,391|1,369|
|Travel expenses|||||14,215|388|
|Membership<br>fees|||||90||
|Other property|expenses||||100,147|60,908|
|Grants to institutions|||||9,872|49,740|
||||||459,086|662,378|





## 

|||||2021|2020|
|---|---|---|---|---|---|
||||||E|
|Supportcosts||||||
|Management||||||
|Wages||||5,535|5,535|
|Social security||||59|1,022|
|Pensions||||280|280|
|||||5,874|6,837|
|Governance<br>costs||||||
|Trustees' expenses||||12,387|3,458|
|Wages||||1,107|1,107|
|Social secudty||||12|23|
|Pensions||||56|56|
|Auditors'<br>remuneration||||6,428|6,666|
|Insurance||||128|89|
|Telephone||||34|126|
|Printing, postage and||stationery|||48|
|Membership<br>fees|||||790|
|Bank charges|||||9|
|Fixtures S.fittings dep'n||||24|28|
|||||20,176|12,400|
|Total resources expended||||498,008|696,094|
|Net income/(expenditure)|||before gains and|||
|losses||||341,371|(104,602)|
|Realised recognised|gains||and losses|||
|Realised gains/(losses)||on|fixed asset|||
|investments||||1,622|(19,015)|
|Net income/(expenditure)||||342,993|(123,617)|