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← Al Mustafa Welfare Trust International Ltd

2023-10-31-accounts

Al Mustafa Welfare Trust Charity Number: 1118492

Al Mustafa Welfare Trust International Ltd Annual Report & Financial Statements Year ended 31 October 2023 England & Wales Registered Charity No. 1118492

Contents

Contents
Charity Information 03
Trustees Annual Report
Message from the Chairman 04
About Us 05
Our Journey 05
Our Achievements 06
Most Popular Zakat Eligible Projects 07
Eye Care for the Poor 08
Caring for Orphans 08
Clean Water Projects 09
Sponsor a Hafz 10
Emergency & Disaster Relief 10
Palestine & Gaza 11
Yemen 12
Feed 1 Million 12
Fidyah & Kafarah 13
Give a Little Extra 13
Trustee’s Annual Report (continued) 14
Independent Auditor’s Report 18
Statement of Financial Activities 23
Balance Sheet 24
Statement of Cash Flows 25
Notes to the Financial Statements 26

2

Charity Information

Registered Charity Name Al Mustafa Welfare Trust International Ltd Charity Registration Number 1118492 Registered/Principal Office 110 High Street, First Floor Hounslow, Middlesex, London TW3 1NA Trustees Mr. Abdul Razzaq Sajid Mrs. Rizwana Latif Mrs. Shamama Shahid Lateef Mrs. Rubina Khawaja Auditors K K Associates Chartered Accountants & Statutory Auditor 305 Crown House North Circular Road Park Royal London NW10 7PN Solicitors Lee Bolton Monier-Williams LLP 1 The Sanctuary, Westminster London SW1P 3JT Bankers Lloyds Bank Unit 8-9 Treaty Centre Hounslow TW3 1ES

3

Chairman’s Message

Dear friends, Assalaamu alaykum,

In times of hardship, your compassion uplifts us all. Despite the trials this year has brought, you have given selflessly to uplift those in need. Your generosity has brought light into dark places - for this, we are deeply thankful.

Together, we have the power to bring hope. This year, I humbly ask you to join us once more. Through your kindness, we can aid vulnerable communities worldwide.

It is with heavy hearts that we reflect on Gaza’s suffering - over 40,000 innocent lives lost, over 2 million displaced, hospitals and schools in ruins. Though faced with restrictions, our partners carried critical supplies into Gaza. Food, blankets, medical equipment – all made possible by you.

Darkness cannot drive out darkness; only light can do that. Hope cannot be extinguished when hearts like your own still care. Let us light the way forward together.

With gratitude,

Abdulrazzaq Sajid

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First international Muslim charity to work inside Burma with Rohingya Refugees

Our Journey

Al Mustafa Welfare Trust registered as international charity in the UK

Launch of Orphanage Support Project

First international charity to launch a Hafiz Sponsorship Project in the UK

Launch of Al Mustafa 200,000 Free Cataract Egyptian & Eye Hospital Lahore Surgeries milestone Palestinian Red achieved Crescent field Masjid Al Aqsa Project hospital in Khan launch with Royal Emergency food, Younis, Gaza equipped Hashemite Charity water & medical with surgical equipment Organisation aid delivered & air & medical supplies dropped into Gaza through partners 17 million people

17 million people reached world-wide

100,000 Free Cataract Surgeries milestone achieved

5

3.1 million Our Qurbani Meat Global Aid Distribution Delivery in Beneficiaries 23 Countries achievements 1499 201, 433 948,624 People with Cataract Surgeries Beneficiaries were disabilities Performed 611,588 provided with Food supported in Hepatitis business Aid Screenings

18,146 13,831 Disabled children Hafiz Students supported to attend Sponsored school

6289 Orphan Children Sponsored

706 School Based Eye Camps

929,641 1,467,691 Eyeglasses Distributed OPD Screenings

17 Water Purification Plants

14,642 Water Hand Pump

6,379 Water Wells Installed

31 Schools Built

434 84 Community Water Wells Installed Mosques Built

6

READ MORE...

Give ZAKAT where most needed

Most popular Zakat eligible projects

Globally 2.2 billion people face blindness, with 75% being preventable or treatable. Limited healthcare access impedes change for millions.

Our global efforts aim to restore sight through our remote eye camps and specialist eye hospital, providing free cataract surgeries and aiding millions with glasses, medicine and treatment.

How you can help

£45 Could provide One Cataract Surgery

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£1,500 Could provide a Complete Eye Camp £4,000 Could provide a Slit Lamp

We strive to give vulnerable orphan children the best start in life so they can build happy futures without being forced to leave school or work.

With our Orphan programme, children are provided with nutritious food, excellent education, access to healthcare and services to promote their wellbeing. Our donors receive personalised feedback, witnessing the tangible impact of their contributions.

How you can help

£28 A Month Sponsors an Orphan

£336 Supports One Orphan for One Year

READ MORE...

£45 Will give an Eid Gift to an Orphan

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How you can help

£200 £300

£500

£2,500 £5,500

£11,000

Empower a vulnerable Muslim child’s life through our Hifz Programme. This initiative facilitates Quranic learning, creating beacons of guidance within communities.

We currently provide 13,000 students with high quality learning environment, daily meals, clothing, medical care and more. As a donor, you will receive feedback of your sponsored child & will be kept up to date on their progress.

How you can help

Donate towards the school fees and boarding of a poor child.

£15 Sponsor a child for 3 years (pay monthly)

READ MORE...

£180 Sponsor a child for 3 years (pay yearly)

£540 Sponsor a child for 3 years (one-off)

Emergency & DISASTER --RELIIEF

Disasters strike often with little or no warning, and can hit anywhere. They claim lives and ruin entire societies.

Natural disasters affect around 160 million people worldwide, and around 2 billion people live in conflict-struck areas. In times of crisis, we provides fast, effective emergency aid; food, water and healthcare to those affected.

10

EMERGENCY AND DISASTER RELIEF Palestine & GAZA

One of the biggest crises of our times. Tens of thousands of people have been killed, while 1.9 million people have been displaced from their homes, many of whom fleeing to the Rafah area, close to the border, where our teams are distributing aid with your donations.

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Through our partnership we have been working in Palestine since 2014 and are able to continue carrying out large scale distributions in Gaza, delivering vital aid to hospitals and to the people of Gaza.

How are we able to deliver aid into Gaza?

Despite a robust blockade and restrictions, Al Mustafa Welfare Trust is working with agencies who have extensive experience and special permission to deliver aid into Gaza through the Rafah border. The Egyptian Red Crescent have direct access to Gaza, with permission to access the area with trucks. The Royal Hashemite Trust are licensed to use their military planes to fly aid directly to the Rafah border, which will then enter Gaza through trucks.

How you can help

£55 For a one-month Family Food Pack

Provides safe, clean water for families in Gaza who are in need

£200

For a Family Survival Pack (food, water, shelter, health & hygiene essentials)

£300

£500

Zakat donation for a vulnerable family

Urgent Medical Aid

£1,000 for critical medical supplies

such as medicines, wound cleaning solutions, intervenes kits and otoscopes (portable) to hospitals for people of Gaza and Palestine.

£5,000 for critical surgical supplies

for major operations and treatments such as anaesthesia machine, mobile ventilator, incubator etc.

£35,000 will fund an ambulance

in Gaza to transport critically injured patients.

11

EMERGENCY AND DISASTER RELIEF

YEMeN

Yemen has been facing years of conflict, bringing the country to the brink of collapse. Two-thirds of Yemen are dependent on aid, with 11 million people going hungry every single day. Recent attacks on Yemen pose an even greater threat, that will force food prices to rise, and leave people even more vulnerable. We are working to provide emergency and food aid and are also committed to developing the IDP camps further through sustainable projects like bread bakeries, deep water wells, housing projects, medical clinics and more.

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Food & Water Aid

£55 For a one month Family Food Pack £300 Provides bread to a family for a year

£500 Provides 10,000 Breads to those in need

£1000 Provides 100,000L clean water to 650-700 families

£3000 Towards the cost of building a £30,000 Deep Area Water Well serving over 1,000 families

Sustainable Project in IDP Camps

£5,500 (Or a £500 share) to build a Single Family Home

£1000 Towards the running of a Medical Clinic £50,000 (Or a £2,500 share) to build a Medical Clinic in an IDP camp

This year we are determined to feed 1 million people, tackling hunger during the year and beyond.

We want to ensure that everybody has enough food to eat, helping to boost spirituality and worship while keeping communities nourished and fed. Join us to feed 1 million people by providing food parcels for families or freshly cooked meals.

CHALLENGE

Cooked Meals
Will provide meals
for 50 people
Will provide meals
for 100 people
Will provide meals
for 250 people
Will provide meals
for 750 people
£750
£250
£100
£50		 Family Food Packs
For a family
Food Pack
£55
Will feed two
families
£110
Can feed 10
families
£550

READ MORE...

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Fidyah

When someone cannot fast in Ramadan and can’t make up the lost days afterwards (for example, because of ill health or pregnancy), then they should pay Fidyah. Fidya costs £6 per each missed fast, which provides two meals for a person in need. For the whole month of Ramadan, Fidyah is £180.

£6 per fast and £180 for whole month

Kaffarah

Kaffarah is the compensation that you must pay if you deliberately miss or break a fast in the month of Ramadan without a valid reason. To atone for the missed/broken fast, a person must fast continuously for 60 days. If they are unable to do so, they must feed 60 poor people at a rate of £6 per person, which is the cost of an average meal in the UK.

This amounts to for each £360 kaffarah missed/ intentionally broken fast.

&Kaffarah

a little Give extra - Give Hope Set Up Direct Debit For Monthly Donations Please support us by giving just £5 per month, so we can help needy and vulnerable people to live their lives with dignity and peace.

£10 Plant an £50 Provides a Olive Tree Sewing Machine

£45 For an Orphans Gift Pack

£150 Provides a family with One Goat

We are Members & Affiliates of

Financial Statements

Al Mustafa Welfare Trust International Ltd

Annual Report and Financial Statements for the Year Ended 31 October 2023

Trustees Annual Report

(Continued)

The trustees present their report and accounts for the year ended 31 October 2023. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s governing document, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard FRS 102 issued in 2019.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The affairs of Al Mustafa Welfare Trust International Ltd are governed by the memorandum and articles of association written on incorporation on 4 October 2005 as amended by special resolution dated 27 April 2006. The charity is managed by a board of trustees who are actively engaged in the overall management and control of the charity. In the year ended 31 October 2021, the following persons served as trustees:

Mr. Abdul Razzaq Sajid Mrs. Rizwana Latif Mrs. Shamama Shahid Lateef Mrs. Rubina Khawaja

FINANCIAL REVIEW

The donations received this year increased when compared to the previous year and were adequate to implement the programs.

RISK MANAGEMENT

The charity takes robust steps to manage the risks involved in achieving of its aim and objectives. The Board of Trustees reviews significant risks and makes sure that they are taking appropriate measures to manage and reduce their impact. Managers manage resources, monitor performance, and have also established, and manage, an effective internal control environment. This is supported by systems, processes, and procedures.

PUBLIC BENEFIT

The charity develops strategic plans to make certain that we provide maximum public benefit and achieve our strategic objectives, which fall under purposes defined by the Charities Act 2011 and public benefit guidance published by the Charity Commission.

OBJECTIVES AND ACTIVITIES

The charity’s objective is the advancement of health and education, alleviation of poverty and serving humanity. In this regard, the charity continued to support and sponsor the health and education initiatives, poverty relief efforts and construction and repair of houses and accommodation. The source of income was public donations, including Gift Aid and payroll giving. No grant was received from any government or private organization.

(Continued...)

15

Annual Report and Financial Statements for the Year Ended 31 October 2023

Al Mustafa Welfare Trust International Ltd

Trustees Annual Report

(Continued)

RESPONSIBILITIES OF THE TRUSTEES

The charity’s trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations.

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the income and expenditure of the charity for that period.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charity (Accounts and Reports) Regulations, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In preparing these financial statements, the trustees are required to;

(Continued...)

16

Al Mustafa Welfare Trust International Ltd

Annual Report and Financial Statements for the Year Ended 31 October 2023

Trustees Annual Report

(Continued)

FUNDRAISING

Our fundraising strategy is to use different modes of fundraising which include individual donor giving, community fundraising, live TV and radio appeals, events, direct mail, and online giving. The fundraising activities are performed by our staff. As a member of the Fundraising Regulator, we abide by its Fundraising Code of Practice. We advise our donors and supporters that we are regulated by the Fundraising Regulator and comply with their Code of Practice.

We have a complaint registration policy and procedure in place. If donors and supporters have any complaints, they can register their complaints in person, by telephone, email, or online contact forms on our website or through postal letters. Any complaints have to be dealt in accordance with the process laid down in Code of Practice of the Fundraising Regulator.

We ensure that our staff are fully briefed about the code of conduct with regard to the protection of vulnerable people. Before any external facing fundraising activity is undertaken, we remind staff on best practice and the need to identify, respect, support, and protect vulnerable people.

AUDITORS

Each of the persons who is trustee at the date of approval of this report confirms that:

K K Associates, Chartered Accountants and Registered Auditors, have been re-appointed as auditors for the ensuing year.

Signed on behalf of the trustees

Mr Abdul Razzaq Sajid

Trustee

110 High Street, First Floor Hounslow, Middlesex London TW3 1NA United Kingdom

Date: 27 August 2024

17

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee Annual Report and Financial Statements for the Year Ended 31 October 2023

Independent Auditor’s Report to the Members of AL MUSTAFA WELFARE TRUST INTERNATIONAL LTD

Opinion

We have audited the financial statements of Al Mustafa Welfare Trust International Ltd (the ‘charitable company’) for the year ended 31 October 2023 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

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 auditor’s 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 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.

In our opinion the financial statements:

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 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.

(Continued...)

18

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee Annual Report and Financial Statements for the Year Ended 31 October 2023

Independent Auditor’s Report to the Members of AL MUSTAFA WELFARE TRUST INTERNATIONAL LTD (Continued)

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. 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. 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 course of 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

(Continued...)

19

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee Annual Report and Financial Statements for the Year Ended 31 October 2023

Independent Auditor’s Report to the Members of AL MUSTAFA WELFARE TRUST INTERNATIONAL LTD (Continued)

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors 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 financial 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.

(Continued...)

20

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee Annual Report and Financial Statements for the Year Ended 31 October 2023

Independent Auditor’s Report to the Members of AL MUSTAFA WELFARE TRUST INTERNATIONAL LTD (Continued)

Auditor’s responsibilities for the audit of the financial statements

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 an auditor’s report 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:

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

(Continued...)

21

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee Annual Report and Financial Statements for the Year Ended 31 October 2023

Independent Auditor’s Report to the Members of AL MUSTAFA WELFARE TRUST INTERNATIONAL LTD (Continued)

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s 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 members as a body, for our audit work, for this report, or for the opinions we have formed.

Kamal A. Kureshi Senior Statutory Auditor

For and on behalf of K K Associates, Statutory Auditor

305 Crown House North Circular Road Park Royal London NW10 7PN

Date: 27 August 2024

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

22

Al Mustafa Welfare Trust International Ltd

Statement of Financial Activities

(Including the income and expenditure account)

Year Ended 31 October 2023

Unrestricted
Funds
Note
£		 Unrestricted
Funds
Note
£		 Restricted
Total Funds
Total Funds
Funds
2023
2022
£
£
£		 Restricted
Total Funds
Total Funds
Funds
2023
2022
£
£
£		 Restricted
Total Funds
Total Funds
Funds
2023
2022
£
£
£
INCOME AND
ENDOWMENTS FROM:
Donations
2
Investments
3
TOTAL INCOME
EXPENDITURE ON:
Raising Funds
4/5
Charitable activities
6/7
TOTAL EXPENDITURE
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 6,149,954
-
6,149,954
(368,997)
(5,687,925)
(6,056,922)
93,032
3,456,763
3,549,795		 9,047,370
61,349
9,108,719
(1,120,240)
(6,348,837)
(7,469,077)
1,639,642
6,491,317
8,130,959		 8,721,092
804
8,721,896
(1,040,902)
(4,862,417)
(5,903,319)
2,818,577
3,672,740
6,491,317

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities

The notes on pages 26 to 34 form part of these financial statements.

23

Al Mustafa Welfare Trust International Ltd

Balance Sheet - 31 October 2023

Note 2023
£		 2022
£
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
CREDITORS: Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
TOTAL NET ASSETS
16
FUNDS OF THE CHARITY
Restricted income funds
14
Unrestricted income funds
15
TOTAL CHARITY FUNDS
16		 543,850
760,550
6,851,818
7,612,368
(25,259)
7,587,109
8,130,959
8,130,959
3,549,795
4,581,164
8,130,959		 18,053
1,534,926
4,954,570
6,489,496
(16,232)
6,473,264
6,491,317
6,491,317
3,456,763
3,034,554
6,491,317

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime set out in Part 15 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 and Charities Act 2011 with respect to accounting records and preparation of accounts.

These financial statements were approved by the Board of Trustees and are signed on their behalf by:

Mr Abdul Razzaq Sajid TRUSTEE

Al Mustafa Welfare Trust International Ltd

(England and Wales registered company number 05581896), (England and Wales registered charity number 1118492) Date: 27 August 2024i

The notes on pages 26 to 34 form part of these financial statements.

24

Al Mustafa Welfare Trust International Ltd

Statement of Cash Flows Year ended 31 October 2023

2023
£		 2022
£
Cash fows from operation activities
Net income
1,639,642
Adjustments for:
Depreciation of tangible fxed assets
9,691
Other interest receivable and similar income
(61,349)
Changes in:
Trade and other debtors
774,376
Trade and other creditors
9,027
Cash generated from operations
2,371,387
Interest received
61,349
Net cash from operating activities
2,432,736
Cash fows from investing activities
Purchase of tangible assets
(535,488)
Net cash from investing activities
(535,488)
Net increase in cash and cash equivalents
1,897,248
Cash and cash equivalents at beginning of year
4,954,570
Cash and cash equivalents at end of year
6,851,818		 2,818,577
10,265
(804)
(431,648)
(29,274)
2,367,116
804
2,367,920
(2,734)
(2,734)
2,365,186
2,589,384
4,954,570

The notes on pages 26 to 34 form part of these financial statements.

25

Al Mustafa Welfare Trust International Ltd

Notes to the Financial Statements

Year ended 31 October 2023

1. ACCOUNTING POLICIES

a) Basis of preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the requirements of the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland FRS102 issued in 2019, and the Charities Act 2011.

The Trust constitutes a public benefit entity as defined by FRS 102.

b) Funds structure

The charity has restricted and unrestricted funds. Restricted funds are categorised as restricted based on the donors’ restrictions on the projects for which they must be used.

c) Income recognition

All income is recognised once the charity has received the funds, except Gift Aid which is recognised when receivable and relates to funds already received. The Trustees consider this to be the appropriate and prudent principle.

d) Expenditure recognition

Expenditure is recognised when the funds have been disbursed. The charity follows a strict evaluation and approval procedure for charitable expenditure and funds are disbursed immediately upon approval.

e) Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures Fittings & Equipment - 20% straight line basis

26

Al Mustafa Welfare Trust International Ltd

Notes to the Financial Statements Year ended 31 October 2023

2. DONATIONS

Unrestricted Funds Restricted Funds Total Funds 2023
£ £ £
Donations
Donations 1,902,594 6,149,954 8,052,548
Gifts
Gift Aid 994,822 – 994,822
2,897,416 6,149,954 9,047,370
Unrestricted Funds Restricted Funds Total Funds 2022
£ £ £
Donations
Donations 2,043,438 5,870,866 7,914,304
Gifts
Gift Aid 806,788 – 806,788
2,850,226 5,870,866 8,721,092

27

Al Mustafa Welfare Trust International Ltd

Notes to the Financial Statements Year ended 31 October 2023

3. INVESTMENT INCOME

Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
£ £ £ £
Bank interest receivable 61,349 61,349 804 804

4. EXPENDITURE ON RAISING FUNDS

Total Funds Total Funds
2023 2022
£ £
Expenditure on raising funds
(Note 5) 1,120,240 1,040,902

5. EXPENDITURE ON RAISING FUNDS (CONTINUED)

Unrestricted
Restricted
Funds
Funds
£
£		 Unrestricted
Restricted
Funds
Funds
£
£		 Unrestricted
Restricted
Funds
Funds
£
£		 2023
£		 2022
£
Advertising & promotional expenses
Printing, postage and stationery
HR and Support Cost
Total		 514,592
183,318
53,333
751,243		 252,758
767,350
812,725
90,043
273,361
144,488
26,196
79,529
83,689
368,997
1,120,240
1,040,902

28

Al Mustafa Welfare Trust International Ltd

Notes to the Financial Statements Year ended 31 October 2023

6. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE

Unrestricted Funds
Restricted Funds
Total Funds 2023
Total Funds 2022
£
£
£
£		 Unrestricted Funds
Restricted Funds
Total Funds 2023
Total Funds 2022
£
£
£
£		 Unrestricted Funds
Restricted Funds
Total Funds 2023
Total Funds 2022
£
£
£
£		 Unrestricted Funds
Restricted Funds
Total Funds 2023
Total Funds 2022
£
£
£
£
Emergency & Disaster
Health & Education
Interfaith & Culture
Poverty
Other Projects
Governance Cost (Note 9)		 -
1,282,706

-
2,464,153

-
764,277
-
1,176,789

583,312
77,600
660,912
5,687,925		 1,282,706
2,464,153
764,277
1,176,789
583,312
77,600
6,348,837		 1,016,496
1,686,260
1,174,281
597,730
311,418
76,231
4,862,417

7. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Activities Undertaken Directly Support Cost Total Funds 2023
£ £ £
Emergency & Disaster 1,109,022 173,684 1,282,706
Health & Education 2,130,495 333,658 2,464,153
Interfaith & Culture 660,790 103,487 764,277
Poverty 1,017,446 159,343 1,176,789
Other Projects 504,329 78,983 583,312
Governance Cost (Note 9) 77,600 - 77,600
5,499,682 849,155
6,348,837
Activities Undertaken Directly
Support Cost
Total Funds 2022
£
£
£		 Activities Undertaken Directly
Support Cost
Total Funds 2022
£
£
£		 Activities Undertaken Directly
Support Cost
Total Funds 2022
£
£
£		 Activities Undertaken Directly
Support Cost
Total Funds 2022
£
£
£
Emergency & Disaster
Health & Education

Interfaith & Culture
Poverty

Other Projects

Governance Cost (Note 9)		 834,430
1,384,231
963,954
490,670
255,640
76,231
4,005,157		 182,066

302,028

210,327

107,060
55,779
-
857,260		 1,016,496
1,686,260
1,174,281
597,730
311,418
76,231
4,862,417

Support costs represent human resources, information technology, and other costs which are assigned and dedicated to charitable projects.

29

Al Mustafa Welfare Trust International Ltd

Notes to the Financial Statements

Year ended 31 October 2023

8. NET INCOMING RESOURCES FOR THE YEAR

2023 2022
£ £
This is stated after charging:
Depreciation 9,691 10,265
Auditors’ remuneration:
- audit of the fnancial statements 12,000 8,100

9. GOVERNANCE COSTS

Unrestricted Funds
Total Funds 2023
Total Funds 2022
£
£
£		 Unrestricted Funds
Total Funds 2023
Total Funds 2022
£
£
£		 Unrestricted Funds
Total Funds 2023
Total Funds 2022
£
£
£
Professional fees
Audit fees
Bank charges
Depreciation
 51,306
12,000
4,603
9,691
77,600		 51,306
51,913
12,000
8,100
4,603
5,953
9,691
10,265
77,600
76,231

30

Al Mustafa Welfare Trust International Ltd

Notes to the Financial Statements

Year ended 31 October 2023

10. STAFF COSTS AND EMOLUMENTS

2023
£		 2022
£
Total staf costs were as follows:
Wages and salaries
614,153
544,603
Social security employer costs
65,287
58,877
Workplace pension employer costs
12,849
11,772
692,289
615,252
Particulars of employees:The average number of employees during
the year, calculated on the basis of full-time equivalents, was as follows:
2023
2022
Number of permanent staf
16
16

No employee received remuneration of more than £60,000 during the year (2022 - Nil).

Trustees and related party transactions:

During the year Mr Abdul Razzaq Sajid, Trustee of the Charity, was paid remuneration of £58,300 (2022 – £57,750) for his services to the Charity. This remuneration is approved by the Charity Commission.

Remuneration received by key management personnel during this year amounted to £117,050 (2022 - £111,250) including the Trustee Mr Sajid. None of the other Trustees have been paid any remuneration or received any other benefits during the year. Travel and related costs relating to charity work in respect of two Trustees amounting to £28,324 (2022 - £24,195) was paid by the Charity. Except for this, no related party transaction took place.

31

Al Mustafa Welfare Trust International Ltd

Notes to the Financial Statements Year ended 31 October 2023

11. TANGIBLE FIXED ASSETS

Freehold Property
Fixtures & Equipment
£
£		 Freehold Property
Fixtures & Equipment
£
£		 Freehold Property
Fixtures & Equipment
£
£		 Total
£
COST
At 1 November 2022
-
93,896
93,896
Additions
527,238
8,250
535,488
Disposals
-
-
At 31 October 2023
527,238
102,146
629,384
DEPRECIATION
At 1 November 2022
-
75,843
75,843
Charge for the year
-
9,691
9,691
Eliminated on disposals
-
-
--
At 31 October 2023
-
85,534
85,534
NET BOOK VALUE
At 31 October 2023
527,238
16,612
543,850
At 31 October 2022
-
18,053
18,053
12. DEBTORS
£ 2023
£		 2022
Gift Aid receivable
Other debtors		 758,800
1,533,176
1,750
1,750
760,550
1,534,926

32

Al Mustafa Welfare Trust International Ltd

Notes to the Financial Statements Year ended 31 October 2023

13. CREDITORS: Amounts falling due within one year

Total Funds 2023
Total Funds 2022
£
£		 Total Funds 2023
Total Funds 2022
£
£		 Total Funds 2023
Total Funds 2022
£
£
Taxation, social security and pension
Accruals		 17,287
7,972
25,259		 14,914
1,318
16,232

14. RESTRICTED INCOME FUNDS

Balance at
Income
Expenditure
Balance at
1 Nov 2022
31 Oct 2023
£
£
£
£		 Balance at
Income
Expenditure
Balance at
1 Nov 2022
31 Oct 2023
£
£
£
£		 Balance at
Income
Expenditure
Balance at
1 Nov 2022
31 Oct 2023
£
£
£
£		 Balance at
Income
Expenditure
Balance at
1 Nov 2022
31 Oct 2023
£
£
£
£		 Balance at
Income
Expenditure
Balance at
1 Nov 2022
31 Oct 2023
£
£
£
£
Emergency & Disaster
Health & Education
Interfaith & Culture
Poverty
15. UNRESTRICTED INCOME FUNDS		 331,179
1,682,035
159,962
1,283,587
3,456,763		 1,691,419
2,304,739
862,161
1,291,635
6,149,954		 1,366,445
2,625,013

814,170
1,251,294

6,056,922		 656,153
1,361,761
207,953
1,323,928
3,549,795
Balance at
1 Nov 2022
£		 Income
Expenditure
Balance at
31 Oct 2023
£
£
£
General Funds
3,034,554		 2,958,765
1,412,155
4,581,164

33

Al Mustafa Welfare Trust International Ltd

Notes to the Financial Statements Year ended 31 October 2023

16. SUMMARY OF ASSETS AND LIABILITIES OF EACH CATEGORY OF FUNDS OF THE CHARITY

Unrestricted
Restricted
Total
Funds 2023
Funds 2023
Funds 2023
£
£
£		 Unrestricted
Restricted
Total
Funds 2023
Funds 2023
Funds 2023
£
£
£		 Unrestricted
Restricted
Total
Funds 2023
Funds 2023
Funds 2023
£
£
£		 Unrestricted
Restricted
Total
Funds 2023
Funds 2023
Funds 2023
£
£
£
Fixed assets
543,850
-
543,850
Debtors
243,566
516,984
760,550
Cash at bank and in hand
3,798,524
3,053,294
6,851,818
Creditors (falling due within one year)
(4,776)
(20,483)
(25,259)
Net assets
4,581,164
3,549,795
8,130,959
Unrestricted funds
4,581,164
-
4,581,164
Restricted funds
-
3,549,795
3,549,795
Total charity funds
4,581,164
3,549,795
8,130,959
Unrestricted Funds
Restricted Funds
Total Funds
2022
2022
2022
£
£
£
Fixed assets
Debtors
Cash at bank and in hand
Creditors (falling due within one year)
Net assets
Unrestricted funds
Restricted funds
Total charity funds		 18.085
501,644
2,518,340
(3,483)
3,034,554
3,034,554
-
3,034,554		 -
1,033,282
2,436,230
(12,749)
3,456,763

-
3,456,763

3,456,763		 18,053
1,534,926
4,954,570
(16,232)
6,491,317
3,034,554
3,456,763
6,491,317

17. CONTROLLING PARTY

The charitable company is controlled by its members who are also its trustees.

18. CHARITABLE COMPANY STATUS

Al Mustafa Welfare Trust Ltd is a private company limited by guarantee without share capital. It is incorporated and registered in England & Wales.

34

We couldn’t have done it without you! Together we performed 201,433 Cataract surgeries.

Al Mustafa Welfare Trust

Visit almustafatrust.org Call +44 (0)20 8569 6444

110 High Street, Hounslow, TW3 1NA.

Charity Number: 1118492

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