**REGISTERED COMPANY NUMBER: 05361672 (England and Wales) REGISTERED CHARITY NUMBER: 1110774** ## **REPORT OF THE TRUSTEES AND** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **FOR** ## **MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK)** J R Accounts Chartered Certified Accountants 164-166 High Road Ilford Essex IG1 1LL **MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK)** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**|4|to|5| |**Notes to the Financial Statements**|6|to|12| |**Detailed Statement of Financial Activities**|13|to|14| MALAYALEE MUSLIM CULTURAL & WELFARE A&80CIATION (UK) REPORT OF THE TRUSTEES FOR THE YEAR EliDED31 MARCH 2021 The wusiees who are also direcrors of ihe charity for the puryoses of the Conipanie% Ac(2(Mkn. presen( (heir reporr with the financial siaiemenis of th¥ ch4Lrity for Ihe year ended 31 Mawh 2021. The trustees have adopted the provisions of Arcounling and Reporting by Ch¥riti¢b.' Sialeincni of R¢conim¢nded Prac¢i¢c applicablc io ¢haritlL& pfL'paring their accoun15 in accordance with ihe Finineial Reporting Standard applicabl¢ in ihe UK and Republic of ircland {FRS 1021 (effeclive I January 2019). STRUCTURE, GovE￿NANcE AND MANAGEMENT Governing document The charity is conrrolled b). its governing docwnenl a deed of truSL and constiLuie$ a lirnitcd company. Iimltcd by guarantee. as defined by the Compllnic5 Act ?006. REFERENCE AND ADMIYISTRATIVE DETAILS Reglstered Compahy number 05361672 (Ertgland and Wale5) Reg15tertd Ch4rlty number 110774 Reg15ttred offlcc 38 Pclls Hill Northolt UB5 4NL Trustee5 A Rafeek P V M Velliyaitil R Mannarkandy A J R Kunhirnon Independent Examlner J R Accounts Chartered Certificd Accounwnts 16ib166 High Road Iirord Esscx IGI ILL Approved by ord¢r ofihe bvard ofirusiecs on 8 Novernb¢r 2021 and signed on lis behalf by.. P V M Velliyattil- TrLLStee Page I ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK)** ## **Independent examiner's report to the trustees of Malayalee Muslim Cultural & Welfare Association (Uk) ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Javad Haider Rana ACCA J R Accounts Chartered Certified Accountants 164-166 High Road Ilford Essex IG1 1LL 9 November 2021 Page 2 ## **MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
24,537
Other income
21,739
**Total**
46,276
**EXPENDITURE ON**
Raising funds
2
15,279
**NET INCOME**
30,997
**Transfers between funds**
11
(3,335)
**Net movement in funds**
27,662
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
333,704
**TOTAL FUNDS CARRIED FORWARD**
361,366|Restricted
fund
£
-
-
-
-
-
3,335
3,335
-
3,335|31.3.21
Total
funds
£
24,537
21,739
46,276
15,279
30,997
-
30,997
333,704
364,701|31.3.20
Total
funds
£
43,339
22,800| |---|---|---|---| ||||66,139
37,026| ||||29,113
-| ||||29,113
304,591| ||||333,704| The notes form part of these financial statements Page 3 ## **MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK)** ## **BALANCE SHEET 31 MARCH 2021** |Notes
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Debtors
7
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
9
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
650,177
2,446
21,551
23,997
(36,278)
(12,281)
637,896
(276,530)
361,366|Restricted
fund
£
-
-
3,335
3,335
-
3,335
3,335
-
3,335|31.3.21
Total
funds
£
650,177
2,446
24,886
27,332
(36,278)
(8,946)
641,231
(276,530)
364,701
361,366
3,335
364,701|31.3.20
Total
funds
£
650,324
5,488
12,143
17,631
(36,954)
(19,323)
631,001
(297,297)
333,704
333,704
-
333,704| |---|---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006. 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. The notes form part of these financial statements continued... Page 4 MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK) BALANCE SHEET-fontlnued 31 MARCH 2021 Th¢s¢ finan¢idl siatcmlnis have bcen prepared in a¢conJan¢¢ with the provisions applicable ￿ chariiable wmpanies subjecl io the small companies regime. The financial 51atements w¢r¢ approved by the Board of Trnsiees and auth0ri5ed for issue on 8 November 2021 and were Signed on its b¢haifby'. P V M Vclliyattil - Tn￿¢ The not￿ fonn psrt of these fllwiclal Sla*ments Page 5 **MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **1. ACCOUNTING POLICIES** ## **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. ## **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. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - no depreciation Fixtures and fittings - 20% on reducing balance ## **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. Page 6 continued... ## **MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** ## **2. RAISING FUNDS** ## **Raising donations and legacies** ## **3.** |**Raising donations and legacies**||| |---|---|---| ||31.3.21|31.3.20| ||£|£| |Rent rates and water|(1,637)|948| |Charitable expenses|5,149|20,242| |Support costs|1,851|3,458| ||5,363|24,648| |**Investment management costs**||| ||31.3.21|31.3.20| ||£|£| |Interest payable and similar charges|9,769|12,183| |Aggregate amounts|15,279|37,026| |**NET INCOME/(EXPENDITURE)**||| |Net income/(expenditure) is stated after charging/(crediting):||| ||31.3.21|31.3.20| ||£|£| |Depreciation - owned assets|147|195| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. continued... Page 7 **MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** |**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
43,339
Other income
22,800
**Total**
66,139
**EXPENDITURE ON**
Raising funds
37,026
**NET INCOME**
29,113
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
304,591
**TOTAL FUNDS CARRIED FORWARD**
333,704
**6.**
**TANGIBLE FIXED ASSETS**
Improvements
Freehold
to
property
property
£
£
**COST**
At 1 April 2020 and 31 March 2021
633,768
15,970
**DEPRECIATION**
At 1 April 2020
-
-
Charge for year
-
-
At 31 March 2021
-
-
**NET BOOK VALUE**
At 31 March 2021
633,768
15,970
At 31 March 2020
633,768
15,970|Restricted
fund
£
-
-
-
-
-
-
-
Fixtures
and
fittings
£
1,169
583
147
730
439
586|Total
funds
£
43,339
22,800
66,139
37,026
29,113
304,591
333,704
Totals
£
650,907
583
147
730
650,177
650,324|Total
funds
£
43,339
22,800| |---|---|---|---| ||||66,139
37,026| ||||29,113
304,591| ||||333,704| continued... Page 8 **MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** |**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 10)
Other loans (see note 10)
Accrued expenses
**9.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 10)
**10.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Other loans
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal|31.3.21
£
2,446
-
2,446
31.3.21
£
23,997
11,000
1,281
36,278
31.3.21
£
276,530
31.3.21
£
23,997
11,000
34,997
276,530|31.3.20
£
4,988
500
5,488
31.3.20
£
23,997
12,200
757
36,954
31.3.20
£
297,297| |---|---|---| |||31.3.20
£
23,997
12,200| |||36,197| |||297,297| continued... Page 9 ## **MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** |**11.**
**MOVEMENT IN FUNDS**
At 1.4.20
£
**Unrestricted funds**
General fund
333,704
**Restricted funds**
Designated fund
-
**TOTAL FUNDS**
333,704
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
in funds
£
30,997
-
30,997
Incoming
resources
£
46,276
46,276
At 1.4.19
£
304,591
304,591|Transfers
between
At
funds
31.3.21
£
£
(3,335)
361,366
3,335
3,335
-
364,701
Resources
Movement
expended
in funds
£
£
(15,279)
30,997
(15,279)
30,997
Net
movement
At
in funds
31.3.20
£
£
29,113
333,704
29,113
333,704|At
31.3.21
£
361,366
3,335| |---|---|---|---| ||||364,701| ||||333,704| continued... Page 10 ## **MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** ## **11. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |Incoming
resources
£
**Unrestricted funds**
General fund
66,139
**TOTAL FUNDS**
66,139
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.4.19
in funds
£
£
**Unrestricted funds**
General fund
304,591
60,110
**Restricted funds**
Designated fund
-
-
**TOTAL FUNDS**
304,591
60,110|Resources
Movement
expended
in funds
£
£
(37,026)
29,113
(37,026)
29,113
Transfers
between
At
funds
31.3.21
£
£
(3,335)
361,366
3,335
3,335
-
364,701|Resources
Movement
expended
in funds
£
£
(37,026)
29,113
(37,026)
29,113
Transfers
between
At
funds
31.3.21
£
£
(3,335)
361,366
3,335
3,335
-
364,701| |---|---|---| |||364,701| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|112,415|(52,305)|60,110| |**TOTAL FUNDS**|112,415|(52,305)|60,110| continued... Page 11 ## **MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2021. ## **13. RESTRICTED FUNDS** During the year, the community raised £3,335 to support Iqbal's family, who passed away due to Covid19 in April 2020. Page 12 ## **MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK)** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** ||31.3.21|31.3.20| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Gift aid claims|4,032|5,495| |Donations|20,505|37,844| ||24,537|43,339| |**Other income**||| |Other income|21,739|22,800| |**Total incoming resources**|46,276|66,139| |**EXPENDITURE**||| |**Raising donations and legacies**||| |Rent rates and water|(1,637)|948| |Charitable expenses|5,149|20,242| ||3,512|21,190| |**Other trading activities**||| |Fixtures and fittings|147|195| |**Investment management costs**||| |Interest payable|9,769|12,183| |**Support costs**||| |**Management**||| |Insurance|524|1,017| |Light and heat|297|138| |Postage and stationery|-|1,123| |Sundries|202|97| ||1,023|2,375| |**Finance**||| |Bank charges|72|89| |**Information technology**||| |Repairs and renewals|-|238| This page does not form part of the statutory financial statements Page 13 ## **MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK)** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** ||31.3.21|31.3.20| |---|---|---| ||£|£| |**Information technology**||| |**Governance costs**||| |Accountancy and legal fees|756|756| |Total resources expended|15,279|37,026| |**Net income**|30,997|29,113| This page does not form part of the statutory financial statements Page 14