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← Al Mustafa Welfare Trust International Ltd

2024-10-31-accounts

Al Mustafa Welfare Trust Charity Number: 1118492

Al Mustafa Welfare Trust International Ltd Annual Report & Financial Statements Year ended 31 October 2024 England & Wales Registered Charity No. 1118492

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Contents

Contents
Charity Information 03
Chairman’s Message 04
Our achievements 05
Zakat Eligible Projects 06
Eye Care 07
Orphans 07
Clean Water 08
Hufaz 09
Gaza 10
Feed one million 12
Fidya & Kafarah 13
Give a little extra 13
Trustees’ annual report_(incorporating the director’s report)_ 14
Independent auditor’s report to the members 18
Statement of fnancial activities_(including income and expenditure account)_ 23
Statement of fnancial position 24
Statement of cash fows 25
Notes to the fnancial statements 26

2

Al Mustafa Welfare Trust International Ltd

Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director’s Report) Year ended 31 October 2024

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 October 2024.

Charity Information

Registered Charity Name AL MUSTAFA WELFARE TRUST INTERNATIONAL LTD Charity Registration Number 1118492 Company registration number 05581896 Principal office & registered office 110 High Street First Floor Hounslow, Middlesex London TW3 1NA United Kingdom The trustees Mr Abdul Razzaq Sajid Mrs Rizwana Latif Mrs Shamama Shahid Lateef Mrs Rubina Khawaja Auditor K K Associates Chartered accountants & Statutory Auditor 305 Crown House Park Royal North Circular Road London NW10 7PN Solicitors Lee Bolton Monier-Williams LLP 1 The Sanctuary, Westminster London SW1P 3JT Bankers Lloyds Bank 12 Smithy Lane Hounslow, TW3 1EH

3

Chairman’s Message

Dear friends,

This year has posed significant challenges for many; however, your generous contributions have brought a sense of hope to individuals around the world. I am writing today to express our sincere gratitude for the illumination you have provided - a beacon that reaches even the most shadowed areas of our world.

I would like to convey that the need for hope and kindness remains urgent. In addition to the tragic loss of over 58,000 innocent lives, there are currently 1.9 million individuals who are homeless in Gaza.

An extensive infrastructure failure has resulted in numerous individuals residing in tents, necessitating immediate medical assistance amid worsening conditions. We are deeply appreciative of our ability to provide essential supplies, including critical medical supplies, despite significant challenges. This year, I encourage you to join us in extending compassion once again - providing a hand of hope to those in need across the globe. Collaborating with renewed purpose and clear vision will enable us to continue making meaningful contributions to society. As long as compassion persists, light and hope in this world will endure and remain everlasting. Let us collaboratively clarify the direction forward.With gratitude,

Thank you,

Abdulrazzaq Sajid

1,717,468 252,028 — Our Cataract Surgeries OPD Screenings achievements Performed 1,125,479 Eyeglasses Distributed 1521 People with Disabilities Supported in Business 15,905 » 1,568,320 Water Hand Pump Beneficiaries 861 . Provided Food Aid School Based > 23 Eye Camps Water Purification Plants 7,143 Orphan Children » 7,249 Sponsored 3.5 million Water Wells Installed Qurbani Meat Distribution 15,087 Beneficiaries 18,433 Hafiz Students Sponsored Disabled Children Supported to Attend School 112 461 Mosques Community Water Built Wells Installed > 34 =. 652,111 Schools > o Hepatitis Built : Screenings

5

Most popular Zakat eligible projects

In our quiet moments of reflection we are called to go beyond empathy into compassionate action.

Give ZAKAT where most needed

TurninG Compassion WLR A = ee RS INTO ACTION -_Y ON 4 NS gen with your zakat for lasting change \ 7 1 \ nls ‘ . N | Bi. , F READ MORE... \ = eS SV f ca

6

Eye Care for a es ss Better Future

Of the 2.2 billion visualy impaired people worldwide, 50% can be treated or prevented.

For millions, access to healthcare is a barrier to change. 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

by canes READ MORE...

£1,500 £4,000

Could provide a Complete Eye Camp

Could provide a Slit Lamp

N47 Brighter Futures for Orphans 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.

Children under our Orphan program receive wholesome food, first-rate education, healthcare and services meant to support their welfare. Our sponsors get tailored comments and see the direct results of their donations.

How you can help

£28 A Month Sponsors an Orphan £336 Supports One Orphan for One Year ~~a~~ £45 Will give an Eid Gift to an Orphan ~~ee OO~~

READ MORE... Bh af IGRSScuc 7 o 2

= Ss Clean water

785 million people lack access to safe and clean drinking water and are compelled to drink potentially fatally contaminated water.

How you can help

£200 £300 £500 £2,500 £5,500

£11,000

READ MORE...

Nurturing Future > HUFAZ C—O sc. _

Empower the life of a vulnerable Muslim child through our Hifz Program, which facilitates Quranic learning and creates beacons of guidance within communities.

How you can help

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

£15

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£180

£540

EMERGENCY AND DISASTER RELIEF

& Palestine

How you can help

READ MORE...

£55 £200 £300

£500

EMERGENCY AND DISASTER RELIEF EMERGENCY AND DISASTER RELIEF

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Al Mustafa global family is providing vital support to six key hospitals in Palestine and Gaza, supplying them with critical medical supplies and equipment.

These hospitals include:

Our newest hospital in Egypt stands as a beacon of hope, ready to treat thousands of critically injured patients, with the capacity to care for even more.

Through these channels and your generous support, we have achieved significant impact:

Your Support is Crucial

£500 Technical & Operational Facilities

Medical Facilities £1,000

Patient Ward £2,500

Intensive Care Unit £5,000

[Operating Theater ] £10,000

11

FeedONE

How you can help

READ MORE...

£50

£100

£250

£55

£110 £550

£750

Fidyah &Kaffarah

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. f £6 per fast and £180 for whole month

READ MORE...

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.

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. Wyy £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 Company Limited by Guarantee Annual Report and Financial Statements for the Year Ended 31 October 2024

Trustees Annual Report (Incorporating the Director’s Report) (Continued)

The trustees present their report and accounts for the year ended 31 October 2024. 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.The following sections for achievements and performance and financial review form the strategic report of the charity.

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 2024, the following persons served as trustees:

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

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.

FINANCIAL REVIEW

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

The charity received donations including Gift Aid and investment income during the year amounting £11,442,038. Total outgoing resources amounted to £10,331,844.

Total available funds as at 31 October 2024 amounted to £9,241,153 of which £4,063,941 related to restricted funds and £5,177,212 was available for unrestricted purposes.

The Trustees are satisfied that the charities activities during the year have met their objectives and are satisfied with the financial position at the year end.

The charity is managed by the board of trustees and senior management. All major decisions that require board approval are presented to the board. The board Chairman actively participates in on-going management actions working together with senior management of the charity.

(Continued...)

15

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee Annual Report and Financial Statements for the Year Ended 31 October 2024

Trustees Annual Report (Incorporating the Director’s Report) (Continued)

RESERVES POLICY

The trustees regularly review the risks to the charity and are actively monitoring the reserves available to the charity. As the work continues, the trustees have decided to continue to maintain a reasonable surplus which covers a significant part of annual expenditure.

The trustees are satisfied that all the funds received have been applied in a wholly effective manner.

FUTURE PLANS

During this year the charity continued its work and development of its programmes, working closely as a team in achieving its charitable objectives.

The Trustees have not planned any significant changes to the charity’s activities.

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.

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

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.

(Continued...)

16

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee Annual Report and Financial Statements for the Year Ended 31 October 2024

Trustees Annual Report (Incorporating the Director’s Report) (Continued)

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.

AUDITORS

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

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.

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

Signed on behalf of the trustees

Abdul Razzaq Sajid Trustee

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.

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

Date: 25 August 2025

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.

17

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee Annual Report and Financial Statements for the Year Ended 31 October 2024

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 2024 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 2024

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 2024

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 2024

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 2024

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 Auditors

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

Date: 25 August 2025

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 Company Limited by Guarantee

Statement of Financial Activities

(Including the income and expenditure account) Year Ended 31 October 2024

Unrestricted
Funds
Note
£		 Unrestricted
Funds
Note
£		 Unrestricted
Funds
Note
£		 Restricted
Total Funds
Total Funds
Funds
2024
2023
£
£
£		 Restricted
Total Funds
Total Funds
Funds
2024
2023
£
£
£		 Restricted
Total Funds
Total Funds
Funds
2024
2023
£
£
£
INCOME AND
ENDOWMENTS
Donations and legacies
5
Investment income
7
TOTAL INCOME
EXPENDITURE
Expenditure on raising funds
6,8
Expenditure on charitable
activities
9,10
TOTAL EXPENDITURE
NET INCOME AND NET
MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2,669,845
128,391
2,798,236
1,157,812
1,044,376
2,202,188
596,048
4,581,164
5,177,212		 8,643,802
–
8,643,802
518,628
7,611,028
8,129,656
514,146
3,549,795
4,063,941		 11,313,647
128,391
11,442,038
1,676,440
8,655,404
10,331,844
1,110,194
8,130,959
9,241,153		 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

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 26 to 35 form part of these financial statements.

23

Al Mustafa Welfare Trust International Ltd Statement of Financial Position

Company Limited by Guarantee

Year Ended 31 October 2024

2024 2023
Note £ £
FIXED ASSETS
Tangible fixed assets 16 822,483 543,850
CURRENT ASSETS
Debtors 17 1,255,918 760,550
Cash at bank and in hand 7,190,555 6,851,818
8,446,473 7,612,368
CREDITORS: Amounts falling due within one year 18 27,803 25,259
NET CURRENT ASSETS 8,418,670 7,587,109
TOTAL ASSETS LESS CURRENT LIABILITIES 9,241,153 8,130,959
NET ASSETS 9,241,153 8,130,959
FUNDS OF THE CHARITY
Restricted funds 4,063,941 3,549,795
Unrestricted funds 5,177,212 4,581,164
TOTAL CHARITY FUNDS 20 9,241,153 8,130,959

These financial statements were approved by the board of trustees and authorised for issue on 25 August 2025, and are signed on behalf of the board 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)

The notes on pages 26 to 35 form part of these financial statements.

24

Company Limited by Guarantee

Al Mustafa Welfare Trust International Ltd

Statement of Cash Flows Year ended 31 October 2024

2024
£		 2023
£
Cash fows from operation activities
Net income
Adjustments for:
Depreciation of tangible fxed assets
Other interest receivable and similar income
Accrued expenses
Changes in:
Trade and other debtors
Trade and other creditors
Cash generated from operations
Interest received
Net cash from operating activities
Cash fows from investing activities
Purchase of tangible assets
Net cash from investing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 1,110,194
12,029
(128,391)
580
(495,368)
1,964
501,008
128,391
629,399
(290,662)
(290,662)
338,737
6,851,818
7,190,555		 1,639,642
9,691
(61,349)
6,654
774,376
2,373
2,371,387
61,349
2,432,736
(535,488)
(535,488)
1,897,248
4,954,570
6,851,818

The notes on pages 26 to 35 form part of these financial statements.

25

Al Mustafa Welfare Trust International Ltd

Company Limited by Guarantee

Notes to the Financial Statements Year ended 31 October 2024

1. GENERAL INFORMATION

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 110 High Street, First Floor, Hounslow, Middlesex, London, TW3 1NA, United Kingdom.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, 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 (FRS 102) (Charities SORP (FRS 102) effective 1 January 2019) and the Companies Act 2006.

3. ACCOUNTING POLICIES

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered, and is classified under headings of the statement of financial activities to which it relates:

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fitting - 20% straight line

Going concern

There are no material uncertainties about the charity’s ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity’s purposes.

4. LIMITED BY GUARANTEE

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

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

26

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee

Notes to the Financial Statements (continued) Year ended 31 October 2024

5. DONATIONS AND LEGACIES

Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£		 Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£		 Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Donations
Donations
Gift Aid
 1,420,677
1,249,168
2,669,845		 8,643,802
10,064,479
–
1,249,168
8,643,802
11,313,647
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
Donations
1,902,594
6,149,954
8,052,548
Gift Aid
994,822
–
994,822
2,897,416
6,149,954
9,047,370		 Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
Donations
1,902,594
6,149,954
8,052,548
Gift Aid
994,822
–
994,822
2,897,416
6,149,954
9,047,370		 Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
Donations
1,902,594
6,149,954
8,052,548
Gift Aid
994,822
–
994,822
2,897,416
6,149,954
9,047,370
Donations
Donations
Gift Aid
 1,902,594
994,822
2,897,416		 6,149,954
–
6,149,954

6. EXPENDITURE ON RAISING FUNDS

Unrestricted Funds
Restricted Funds
£
£		 Unrestricted Funds
Restricted Funds
£
£		 Unrestricted Funds
Restricted Funds
£
£		 2024
£		 2023
£
Advertising & promotional expenses
Printing, postage and stationery
HR and support cost
Total		 972,041
88,665
97,106
1,157,812		 435,415
39,716
43,497
518,628		 1,407,456
128,381
140,603
1,676,440		 767,350
273,361
79,529
1,120,240

7. INVESTMENT INCOME

Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Bank interest receivable 128,391 128,391 61,349 61,349

27

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee

Notes to the Financial Statements (continued) Year ended 31 October 2024

8. EXPENDITURE ON RAISING FUNDS

Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Raising funds 1,157,812 518,628 1,676,440
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Raising funds 751,243 368,997 1,120,240
9. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Health & Education – 1,692,596 1,692,596
Poverty 318,711 1,282,522 1,601,233
Other Projects 339,535 – 339,535
Interfaith & Culture 288,090 1,352,539 1,640,629
Emergency & Disaster – 3,283,371 3,283,371
Governance costs (Note 21) 98,040 – 98,040
1,044,376 7,611,028 8,655,404
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Health & Education – 2,464,153 2,464,153
Poverty – 1,176,789 1,176,789
Other Projects 583,312 – 583,312
Interfaith & Culture – 764,277 764,277
Emergency & Disaster – 1,282,706 1,282,706
Governance costs (Note 21) 77,600 – 77,600
660,912 5,687,925 6,348,837

28

Notes to the Financial Statements (continued) Year ended 31 October 2024

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee

10. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Activities Support Total Funds Total Funds
undertaken directly costs 2024 2023
£ £ £ £
Health & Education 1,506,399 186,197 1,692,596 2,464,153
Poverty 1,141,436 141,086 1,282,522 1,176,789
Other Projects 842,233 104,103 946,336 583,312
Interfaith & Culture 1,203,750 148,789 1,352,539 764,277
Emergency & Disaster 2,922,177 361,194 3,283,371 1,282,706
Governance costs 98,040 – 98,040 77,600
7,714,035 941,369 8,655,404 6,348,837

11. GRANTS PAID

Due to the current crisis in Gaza the charity received donations for emergency funding and the trustees felt that the activities will be achieved most effectively by making grant payments to other organisations who have got established infrastructure to facilitate the charitable objectives.

2024
£
Palestine including Gaza
Name of Institution:
United Nations Relief Agency UNRWA 50,000
Palestinian Red Crescent Society 23,806
Egyptian Red Crescent for Palestine 558,982
Egyptian Health Authority hospital project for Palestinians 390,665
Royal Hashemite Court 200,000
Jordan Hashemite Charity Organisation JHCO 183,089

1,406,542

29

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 October 2024

12. NET INCOME

2024 2023
£ £
net income is stated after charging/crediting:
Depreciation of tangible fxed assets 12,029 9,691
13. AUDITORS’ REMUNERATION
2024 2023
£ £
Fees payable for the audit of the fnancial statements 12,000 12,000

14. STAFF COSTS

The total staff costs and employee benefits for the reporting period are analysed as follows:

2024
£		 2023
£
Wages and salaries
Social security costs
Employer contributions to pension plans		 700,476
73,483
12,909
786,868		 614,153
65,287
12,849
692,289

The average head count of employees during the year was 19 (2023: 16). The average number of full-time equivalent employees during the year is analysed as follows:

2024 2023
No. No.
Number of permanent staf 19 16

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

30

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee

Notes to the Financial Statements (continued) Year ended 31 October 2024

15. TRUSTEE AND KEY MANAGEMENT PERSONNEL REMUNERATION

During the year Mr Abdul Razzaq Sajid, Trustee of the Charity, was paid remuneration of £58,300 (2023 – £58,300) 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 £149,083 (2023 - £117,050) 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 in respect of two Trustees amounting to £ 1,467 (2023 - £28,234) were reimbursed by the Charity to the Trustees. Except for this, no related party transaction took place.

16. TANGIBLE FIXED ASSETS

Freehold
property
£
Total
£
Fixtures and
fttings
£		 Freehold
property
£
Total
£
Fixtures and
fttings
£
COST
At 1 November 2023
Additions
At 31 October 2022
DEPRECIATION
At 1 November 2023
Charge for the year
At 31 October 2022
CARRYING AMOUNT
At 31 October 2024
At 31 October 2023		 527,238
263,050
790,288
–
–
–
790,288
527,238		 102,146
629,384
27,612
290,662
129,758
920,046
85,534
85,534
12,029
12,029
97,563
97,563
32,195
822,483
16,612
543,850

31

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee

Notes to the Financial Statements (continued) Year ended 31 October 2024

17. DEBTORS

£ 2024
2023
£
Trade debtors
Other debtors		 1,249,168
758,800
6,750
1,750
1,255,918
760,550

18. CREDITORS: Amounts falling due within one year

Total Funds 2024
Total Funds 2023
£
£		 Total Funds 2024
Total Funds 2023
£
£
Accruals and deferred income
Social security and other taxes		 8,552
7,972
19,251
17,287
27,803
25,259

19. Pensions and other post-retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £12,909 (2023: £12,849).

32

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee

Notes to the Financial Statements (continued) Year ended 31 October 2024

20. ANALYSIS OF CHARITABLE FUNDS

Unrestricted funds

1 At
November
2023
£		 At
31 October
2024
£
Expenditure
£
Income
£		 At
31 October
2024
£
Expenditure
£
Income
£		 At
31 October
2024
£
Expenditure
£
Income
£		 At
31 October
2024
£
Expenditure
£
Income
£
General funds 4,581,164 2,798,236 (2,202,188) 5,177,212
1 At
November
2022
£
At
31 October
2023£
Expenditure
£
Income
£
General funds
Restricted funds		 3,034,554 2,958,765 (1,412,155) 4,581,164
At
1 November
2023
£		 At
31 October
2024
£
Expenditure
£
Income
£
Interfaith & Culture
207,953
Poverty
1,323,928
Health & Education
1,361,761
Emergency & Disaster
656,153
3,549,795		 1,638,535
1,692,522
1,876,822
3,435,923
8,643,802		 (1,444,703)
(1,369,915)
(1,807,932)
(3,507,106)
(8,129,656)		 401,785
1,646,535
1,430,651
584,970
4,063,941
At
1 November
2022
£		 At
31 October
2023
£
Expenditure
£
Income
£
Interfaith & Culture
Poverty
Health & Education
Emergency & Disaster		 159,962
1,283,587
1,682,035
331,179
3,456,763		 862,161
1,291,635
2,304,739
1,691,419
6,149,954		 (814,170)
(1,251,294)
(2,625,013)
(1,366,445)
(6,056,922)		 207,953
1,323,928
1,361,761
656,153
3,549,795

33

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee

Notes to the Financial Statements (continued) Year ended 31 October 2024

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

Unrestricted Funds 2024
£
Total Funds 2024
£
Restricted Funds 2024
£		 Unrestricted Funds 2024
£
Total Funds 2024
£
Restricted Funds 2024
£		 Unrestricted Funds 2024
£
Total Funds 2024
£
Restricted Funds 2024
£
Fixed Assets
822,483
-
822,483
Debtors
296,377
959,541
1,255,918
Cash at bank and in hand
4,063,913
3,126,642
7,190,555
Creditors (falling due within one year)
(5,561)
(22,242)
(27,803)
Net assets
5,177,212
4,063,941
9,241,153
Unrestricted funds
5,177,212
5,177,212
Restricted funds
4,063,941
4,063,941
Total charity funds
5,177,212
4,063,941
9,241,153
9,241,153
Unrestricted Funds 2023
£
Total Funds 2023
£
Restricted Funds 2023
£
Fixed assets
543,850
Debtors
243,566
Cash at bank and in hand
3,798,524
Creditors (falling due within one year)
(4,776)
Net assets
4,581,164
Unrestricted funds
4,581,164
Restricted funds
Total charity funds
4,581,164		 516,984
3,053,294
(20,483)
3,549,795
3,549,795
3,549,795		 543,850
760,550
6,851,818
(25,259)
8,130,959
4,581,164
3,549,795
8,130,959

34

Al Mustafa Welfare Trust International Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 October 2024

22. GOVERNANCE COSTS

Unrestricted Funds
£
Total Funds 2023
£
Total Funds 2024
£		 Unrestricted Funds
£
Total Funds 2023
£
Total Funds 2024
£		 Unrestricted Funds
£
Total Funds 2023
£
Total Funds 2024
£
Professional fees
Audit fees
Bank charges
Depreciation		 65,536
12,000
8,475
12,029
98,040		 65,536
51,306
12,000
12,000
8,475
4,603
12,029
9,691
98,040
77,600

23. ANALYSIS OF CHANGES IN NET DEBT

At 1 Nov 2023 Cash Flows At 31 Oct 2024
£ £ £
Cash at bank and in hand 6,851,818 338,737 7,190,555

35

We couldn’t have done it without you! Together we performed 252,028 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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