Company Registration Number: 05361672 Charity Number: 1110774
Malayalee Muslim Cultural & Welfare Association (UK)
(A company limited by guarantee, not having a share capital)
Annual Report and Unaudited Financial Statements
for the financial year ended 31 March 2025
JR Accounts Chartered Certified Accountants 34-37 Liverpool Street London EC2M 7PP United Kingdom
Malayalee Muslim Cultural & Welfare Association (UK) (A company limited by guarantee, not having a share capital) CONTENTS
| Page | |
|---|---|
| Trustees' and Other Information | 3 |
| Trustees' Annual Report | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 11 |
2
Malayalee Muslim Cultural & Welfare Association (UK) (A company limited by guarantee, not having a share capital) TRUSTEES' AND OTHER INFORMATION
Trustees
P V M Velliyattil B Kallayil S Pookattil A J R Kunhimon
Charity Number in England and Wales
1110774
Company Registration Number
05361672
Registered Office and Principal Address
38 Petts Hill Northolt Middlesex UB5 4NL United Kingdom
Independent Examiner
JR Accounts Chartered Certified Accountants 34-37 Liverpool Street London EC2M 7PP United Kingdom
3
Malayalee Muslim Cultural & Welfare Association (UK) (A cornpany Ilmltsd by guarnnleo, not havlnq a Sharn Gaplla TRUSTEES. ANNUAL REPORT for the finandal yèar end8d 31 March 2025 The trustees presènt th81r Truste8s' Annual R8POrt. comblnlng the Dir8ctor8' Report and Tru8t88s' Report, and the un8udite(l financial ststements for the financial year ended 31 March 2025. The finandal statements are prepared In accordance wlth the Companles Act 2006. FRS 102 Yhe Flnanolal Reportlng Standard 8ppllcable In thè UK and Republlc of Ireland" and AcuntIng and Reportlng by Charities. ststement of Recommended Practlce appllcable to charltles preparlng thelr financlal statsments In accordance wlth the Flnandal Reportlng Standard appllroble in the UK and Republlc of Iréland (FRS 102). The TrustO98' Report contains the Infotmatton rgqulred to be provlded In the Trustees, Annual Report under th8 Statement of Recommended Practlca (SORP) guldellne8. The trust888 of the charfty are also charlty trust888 for the purpos8 of chaTIty law and under th8 charlV8 consltudon are known as mernberE of th8 board of tru8tee8. In thls report the trustees of Malayale8 Musllm Cultur81 & Welfare AssoclatEon (UK) present a summary of Its purpose. governance, activltles. achievements and finances for Ihe financlal year 31 March 2025. The chartty Is a registered charity and hence tho r8POrt and re8uIts are prgsented In a form which complles wlth the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Pr8Cti¢e appllcable In tho UK and Republic of Ireland FRS 102. the organlsation has implemented its recommendations where re18vant in these financiaf statements. Flnanclal Rovlew The results for the financial year are 8et out on page 6 and additional notes are providad showing Income and expendituro In greater detail. Flnanclal Results At the end of the finandal y8ar the charity has assets of £675,785 {2024 - £665,369) and li8bilibe6 of £210.170 (2024 - £234,915). The nèt 888ets of the charlty havg Increased by £35,161. Tru8t888 The trustses who served throughout the financlal year. except as noted. were as follows: P V M Velliyatbi B Kallayil S Pook81ti1 A J R Kunhlmon In accrjrdance vthh th8 Constitution, th8 trust88s retire by Totation and, being eligible. offer themselves for re4ladion. Compllancè wlth Sectorde Loglslatlon and Standards The charity engages pro-actively with legislation. standards and codes which are developed for the se(knr. Malayalee Muslim Cultural & Welfare Association (UK) subscribes to and is compliant with the following: The Companies Act 2006 The Charitles SORP (FRS 102) Approvod by the Board of Truste98 on 4 sgptsmbor 2025 and 81gned on Its bohaif by: SPOO Tru8to0
Malayalee Muslim Cultural & Welfare Association (UK) (A company limited by guarantee, not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF MALAYALEE MUSLIM CULTURAL & WELFARE ASSOCIATION (UK)
We have examined the financial statements of the charity for the financial year ended 31 March 2025, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes.
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so, and state those matters that we have agreed to state to them in this 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 charity and the charity's members, as a body, for our work, or for this report.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The charity's trustees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required.
It is our responsibility to:
-
examine the financial statements under section 145 of the Act;
-
follow the procedures laid down by the general Directions given by the Charity Commission under section 145(5) of the Charities Act 2011; and
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state whether particular matters have come to our attention.
Basis of independent examiner's report
Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 386 of the Companies Act 2006
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the financial statements do not accord with those accounting records
-
the financial statements do not comply with the accounting requirements of the Charities Act
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the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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 (FRS102)
-
there is further information needed for a proper understanding of the accounts to be reached.
We 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 financial statements to be reached.
__________Javad H Rana
JR ACCOUNTS
Chartered Certified Accountants 34-37 Liverpool Street London EC2M 7PP United Kingdom
Date: 4 September 2025
5
Malayalee Muslim Cultural & Welfare Association (UK) (A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating an Income and Expenditure Account)
for the financial year ended 31 March 2025
| Unrestricted | Total | Unrestricted | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2025 | 2025 | 2024 | 2024 | ||
| Notes | £ | £ | £ | £ | |
| Income | |||||
| Donations and legacies | 2.1 | 45,792 | 45,792 | 51,928 | 51,928 |
| Other income | 2.2 | 25,800 | 25,800 | 25,800 | 25,800 |
| ─────── | ─────── | ─────── | ─────── | ||
| Total income | 71,592 | 71,592 | 77,728 | 77,728 | |
| ─────── | ─────── | ─────── | ─────── | ||
| Expenditure | |||||
| Raising funds | 3.1 | 16,891 | 16,891 | - | - |
| Charitable activities | 3.2 | 19,540 | 19,540 | 55,320 | 55,320 |
| ─────── | ─────── | ─────── | ─────── | ||
| Total Expenditure | 36,431 | 36,431 | 55,320 | 55,320 | |
| ─────── | ─────── | ─────── | ─────── | ||
| Net income/(expenditure) | 35,161 | 35,161 | 22,408 | 22,408 | |
| Transfers between funds | - | - | - | - | |
| ─────── | ─────── | ─────── | ─────── | ||
| Net movement in funds for the financial year | 35,161 | 35,161 | 22,408 | 22,408 | |
| Reconciliation of funds: | |||||
| Total funds beginning of the year | 12 | 430,454 | 430,454 | 408,046 | 408,046 |
| ─────── | ─────── | ─────── | ─────── | ||
| Total funds at the end of the year | 465,615 | 465,615 | 430,454 | 430,454 | |
| ═══════ | ═══════ | ═══════ | ═══════ |
The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.
The notes on pages 8 to 11 form part of the financial statements
6
Malayaloa Muslim Cultural & Welfare Association (UK) IA company Ilmlted by guarnntoo, not havln9 a sharg capltal) Company Number: 03361672 BALANCE SHEET as at 31 Mah 2025 2025 2024 Nota• Flxed A88ets Tanglble assets 649,877 649,923 Currnnt A810ts Debtor8 Cash at bank and In hand 4034 21,874 3,101 12,345 25.908 15,446 Crodttor8: Amounts falllng duo wlthln ono yoar (138.820 (40,710) Nat Currnnt Llabllftles {110,912) (25,264) T•tal A880t8 le88 Current Llabllltl 538,965 624,659 Credltorn Amounts falling due after more than one year 10 173,350) (194,205) Total Not A8•0ts 466,615 430,454 Funds G8n8ral fund (unre8trfcted) 465,615 430.454 Total fund• 12 465,615 430,454 The88 financial ststements have been prepared in 8ccord8nce with the Special provislons r8lating to 8m811 compan188 wlthln Part 15 of the Companle8 Act 2006. For tha Ilnanclal year endad 31 March 2025 the charlty was entitled to exemptlon from aud under 8edon 477 of the Companle8 Act 2006., and no notEc8 ha8 been dep081ted under se¢llon 476. Th8 tru8te88 confimi that the memb8rs have not r8qulr8d the company to obtaln an audSt of Its f n8nclo1 statements for the ffinanclal year In queSOn In accordance wSth 88ctlon 478 of tho Companle8 Act 2006. The tru8tees acknowledge thelr respon8lbllMle8 for en8urfng that the charfty keep8 accountlng records whlch comply wlth $8Ctlon 386 and for preparfng Ilnandal statements whl¢h glve a true and falr vlew of the state of affalrs of the chadty as at the end ol the financlal year and of Its profit and 1088 for the finandal year In accordance wlth the requlr8ments of 88Ctlon8 394 and 395 and whlch 0th8rwl88 rnpty vlth tha requlrements of the Compan188 Act 20D6 relating to flnand818tatements, 80 far a8 8ppllcable to the charlty. Tha financl818tatsment8 have been prepared in accordance with the pro810n$ appllcable to a)mpanie8 subject to the sm811 compan16s' regime and In 8¢cord8nce wlth FRS 102 Trie Financlal Reporting Stsndard appllcabb In the UK and Republlc of Ireland., applying Sectson 1A of that standard. Approvod by thg Board of Tru•tou and authorfwl for Issuo on 4 SoPt•mbor 2025 and •lgnod on Its h•ll by S Pookattll Tru8ts0 The note8 on page8 8 ts) 11 fomi part ofthe ffinandal 8tstements
Malayalee Muslim Cultural & Welfare Association (UK) (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.
Basis of preparation
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 presentation currency of the financial statements is the Pound Sterling (£).
Statement of compliance
The financial statements of the charity for the financial year ended 31 March 2025 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.
Fund accounting
The following are the categories of funds maintained:
Restricted funds
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.
Unrestricted funds
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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 and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
- Land and buildings freehold No depreciation - Fixtures, fittings and equipment 25% reducing balance
Debtors
Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-funders, but not yet received at financial year end, is included in debtors.
Creditors
The Charity’s policy is to pay suppliers within 30 days of receiving a valid invoice, subject to proper authorization and verification of goods or services received. All creditors are recorded accurately and settled fairly in line with financial procedures.
8
continued
Malayalee Muslim Cultural & Welfare Association (UK) (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
Taxation and deferred taxation
The charity is exempt from corporation tax on its charitable activities.
| 2. | INCOME | |||||
|---|---|---|---|---|---|---|
| 2.1 | DONATIONS AND LEGACIES | Unrestricted | Restricted | 2025 | 2024 | |
| Funds | Funds | |||||
| £ | £ | £ | £ | |||
| Donations and legacies | 45,792 | - | 45,792 | 51,928 | ||
| ═══════ | ═══════ | ═══════ | ═══════ | |||
| 2.2 | OTHER INCOME | Unrestricted | Restricted | 2025 | 2024 | |
| Funds | Funds | |||||
| £ | £ | £ | £ | |||
| Other income | 25,800 | - | 25,800 | 25,800 | ||
| ═══════ | ═══════ | ═══════ | ═══════ | |||
| 3. | EXPENDITURE | |||||
| 3.1 | RAISING FUNDS | Direct | Other | Support | 2025 | 2024 |
| Costs | Costs | Costs | ||||
| £ | £ | £ | £ | £ | ||
| Raising funds | 16,891 | - | - | 16,891 | - | |
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | ||
| 3.2 | CHARITABLE ACTIVITIES | Direct | Other | Support | 2025 | 2024 |
| Costs | Costs | Costs | ||||
| £ | £ | £ | £ | £ | ||
| Expenditure on charitable activites | - | - | - | - | 55,320 | |
| Governance Costs (Note 3.3) | - | 11,348 | 8,192 | 19,540 | - | |
| ─────── | ─────── | ─────── | ─────── | ─────── | ||
| - | 11,348 | 8,192 | 19,540 | 55,320 | ||
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | ||
| 3.3 | GOVERNANCE COSTS | Direct | Other | Support | 2025 | 2024 |
| Costs | Costs | Costs | ||||
| £ | £ | £ | £ | £ | ||
| Charitable activities - governance | - | 11,348 | 8,192 | 19,540 | - | |
| costs | ||||||
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | ||
| 3.4 | SUPPORT COSTS | Governance | 2025 | 2024 | ||
| Costs | ||||||
| £ | £ | £ | ||||
| Support | 8,192 | 8,192 | 3,926 | |||
| ═══════ | ═══════ | ═══════ | ||||
| 4. | NET INCOME | 2025 | 2024 | |||
| £ | £ | |||||
| Net Income is stated after charging/(crediting): | ||||||
| Depreciation of tangible assets | 46 | 62 | ||||
| ═══════ | ═══════ | |||||
| 5. | INVESTMENT AND OTHER INCOME | 2025 | 2024 | |||
| £ | £ | |||||
| Rent receivable - Investment Income | 25,800 | 25,800 | ||||
| ═══════ | ═══════ |
9
continued
Malayalee Muslim Cultural & Welfare Association (UK)
(A company limited by guarantee, not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
| 6. | INTEREST PAYABLE AND SIMILAR CHARGES | 2025 | 2024 | |
|---|---|---|---|---|
| £ | £ | |||
| On bank loans and overdrafts | 11,035 | 18,559 | ||
| ═══════ | ═══════ | |||
| 7. | TANGIBLE FIXED ASSETS | |||
| Land and | Fixtures, | Total | ||
| buildings | fittings and | |||
| freehold | equipment | |||
| £ | £ | £ | ||
| Cost | ||||
| At 31 March 2025 | 649,738 | 1,169 | 650,907 | |
| ─────── | ─────── | ─────── | ||
| Depreciation | ||||
| At 1 April 2024 | - | 984 | 984 | |
| Charge for the financial year | - | 46 | 46 | |
| ─────── | ─────── | ─────── | ||
| At 31 March 2025 | - | 1,030 | 1,030 | |
| ─────── | ─────── | ─────── | ||
| Net book value | ||||
| At 31 March 2025 | 649,738 | 139 | 649,877 | |
| ═══════ | ═══════ | ═══════ | ||
| At 31 March 2024 | 649,738 | 185 | 649,923 | |
| ═══════ | ═══════ | ═══════ | ||
| 8. | DEBTORS | 2025 | 2024 | |
| £ | £ | |||
| Other debtors | 4,034 | 3,101 | ||
| ─────── | ─────── | |||
| 4,034 | 3,101 | |||
| ═══════ | ═══════ | |||
| 9. | CREDITORS | 2025 | 2024 | |
| Amounts falling due within one year | £ | £ | ||
| Bank loan | 26,509 | 26,509 | ||
| Other creditors | 109,501 | 13,445 | ||
| Accruals and deferred income | 810 | 756 | ||
| ─────── | ─────── | |||
| 136,820 | 40,710 | |||
| ═══════ | ═══════ | |||
| 10. | CREDITORS | 2025 | 2024 | |
| Amounts falling due after more than one year | £ | £ | ||
| Bank loan | 73,350 | 194,205 | ||
| ═══════ | ═══════ | |||
| Repayable in one year or less, or on demand (Note 9) | 26,509 | 26,509 | ||
| Repayable between one and two years | 26,509 | 27,039 | ||
| Repayable between two and five years | 46,841 | 82,739 | ||
| Repayable in five years or more | - | 84,427 | ||
| ─────── | ─────── | |||
| 99,859 | 220,714 | |||
| ═══════ | ═══════ |
10
continued
Malayalee Muslim Cultural & Welfare Association (UK) (A company limited by guarantee, not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
11. RESERVES
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| At the beginning of the year | 430,454 | 408,046 | |||||
| Surplus for the financial year | 35,161 | 22,408 | |||||
| ─────── | ─────── | ||||||
| At the end of the year | 465,615 | 430,454 | |||||
| ═══════ | ═══════ | ||||||
| 12. | FUNDS | ||||||
| 12.1 | RECONCILIATION OF MOVEMENT IN FUNDS | Unrestricted | Total | ||||
| Funds | Funds | ||||||
| £ | £ | ||||||
| At 1 April 2023 | 408,046 | 408,046 | |||||
| Movement during the financial year | 22,408 | 22,408 | |||||
| ─────── | ─────── | ||||||
| At 31 March 2024 | 430,454 | 430,454 | |||||
| Movement during the financial year | 35,161 | 35,161 | |||||
| ─────── | ─────── | ||||||
| At 31 March 2025 | 465,615 | 465,615 | |||||
| ═══════ | ═══════ | ||||||
| 12.2 | ANALYSIS OF MOVEMENTS ON FUNDS | ||||||
| Balance | **Income ** | Expenditure | Transfers | Balance | |||
| 1 | April | between | 31 March | ||||
| 2024 | funds | 2025 | |||||
| £ | £ | £ | £ | £ | |||
| Unrestricted funds | |||||||
| Unrestricted General | 430,454 | 71,592 | 36,431 | - | 465,615 | ||
| ─────── | ─────── | ─────── | ─────── | ─────── | |||
| Total funds | 430,454 | 71,592 | 36,431 | - | 465,615 | ||
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | |||
| 12.3 | ANALYSIS OF NET ASSETS BY FUND | ||||||
| Fixed | Current | Current | Long-term | Total | |||
| assets | assets | liabilities | liabilities | ||||
| - charity use | |||||||
| £ | £ | £ | £ | £ | |||
| Unrestricted general funds | 649,877 | 25,908 | (136,820) | (73,350) | 465,615 | ||
| ─────── | ─────── | ─────── | ─────── | ─────── | |||
| 649,877 | 25,908 | (136,820) | (73,350) | 465,615 | |||
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ |
13. STATUS
The charity is a company limited by guarantee not having a share capital.
The liability of the members is limited.
Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one financial year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1.
14. POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charity since the financial year-end.
11