**Charity registration number 1122922** **Company registration number 06380231 (England and Wales)** ## **MERCY MISSION UK** **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **PEARLMAN ROSE** **Chartered Accountants & Statutory Auditors Suite 1, First Floor Jack Dash House 2 Lawn House Close London E14 9YQ** Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mr M S Ikram Ms F A Mohammad Ms Z A Kidwai **Secretary** Ms A Imran Mr M S Ikram **Charity number** 1122922 **Company number** 06380231 **Registered office** 203 Westgate Bradford England BD1 3AD **Auditor** Pearlman Rose Chartered Accountants & Statutory Auditors Suite 1, First Floor Jack Dash House 2 Lawn House Close London E14 9YQ Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **CONTENTS** ||**Page**| |---|---| |Chairman's statement|1| |Trustees' report|2 - 5| |Statement of Trustees' responsibilities|6| |Independent auditor's report|7 - 9| |Statement of financial activities|10| |Balance sheet|11| |Statement of cash flows|12| |Notes to the financial statements|13 - 25| Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **CHAIRMAN'S STATEMENT** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Foreword** Despite the horrific challenges of 2024, Mercy Mission UK has continued to stand firm in its mission to serve the needy—both within our country and across the world. In times marked by uncertainty, economic strain, and humanitarian crises, we have remained unwavering in our belief that compassion, collaboration, and faith can light even the darkest of paths. Over the past year, British Muslim civil society has shown remarkable resilience and maturity. What began as a modest network of charitable initiatives has now evolved into a sophisticated landscape of organisations, community associations, advocacy groups, and social enterprises. Together, they represent a vibrant ecosystem of service and hope, one that contributes positively and visibly to the fabric of modern British society. We have been honoured to work alongside many of these institutions—supporting their missions, strengthening their capacity, and learning from their incredible examples of dedication and integrity. For Mercy Mission UK, 2024 was a year of both challenge and triumph. We were privileged to extend unprecedented levels of support to countless charitable endeavours led by British Muslims, empowering communities to respond to need with professionalism and purpose. Every grant made, every partnership forged, and every initiative launched was guided by our founding vision—to make faith a force for good in society. As Chairman, I have sought to ensure that we continue to coordinate with all key stakeholders across the sector, encouraging collaboration, transparency, and shared learning. Our role is not only to strengthen Muslim organisations, but also to enhance the impact they have on the wider society they serve. I believe deeply that our success will be measured not simply in what we achieve as a community, but in how our actions uplift all those around us—Muslim and non-Muslim alike. My fellow Trustees share this conviction wholeheartedly. Each brings a unique set of experiences and skills, united by a common goal: to build a more connected, capable, and confident community infrastructure for the future. Together, we strive to bring diverse actors around one table—to listen, to learn, and to lead collectively toward a stronger, fairer, and more compassionate Britain. Looking ahead, we remain hopeful. The challenges of recent years have tested us, but they have also revealed our capacity for innovation and resilience. In 2025, we will redouble our efforts to serve with excellence, humility, and courage. We will also be expanding our leadership, inviting new Trustees and partners to join us in this vital work. The road ahead will demand creativity and unity, and we are determined to rise to the moment. As always, we pray that Allah continues to guide our efforts, bless our partners, and enable Mercy Mission UK to be a source of light, hope, and lasting impact in the world. .............................. Mr M S Ikram **Chairman** 31 / 10 / 2025 Date: ......................... - 1 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ The trustees present their annual report and financial statements for the year ended 31 December 2024. ## **Introduction** The Trustees of **Mercy Mission UK** are pleased to present their report for the year 2024. This has been a year of exceptional progress and impact, defined by deepened partnerships, meaningful investment in community infrastructure, and the strengthening of the institutions that form the backbone of Muslim civil society in Britain. At the heart of all our work remains the guiding vision of Mercy Mission UK: **to empower the British Muslim community to be a source of good for humanity** . Through capacity building, research, leadership development and philanthropic innovation, we continue to nurture the ecosystem of social impact organisations and leaders that sustain this vision. ## **1. Expanding Our Impact: Grants to 130 Charities** In 2025, Mercy Mission UK distributed **grants to 130 charitable organisations** across the United Kingdom, spanning a diverse range of causes—from poverty alleviation and mental health support, to education, youth leadership and refugee resettlement. This milestone demonstrates not only the breadth of our engagement but also the trust placed in Mercy Mission UK as a responsible steward of donor funds. Each grant was made following careful due diligence and a commitment to long-term capacity building. Beyond funding, we continued to provide advisory support and facilitate collaboration between grantees, ensuring that resources translate into measurable and sustainable community outcomes. Through this network of 130 grantees, Mercy Mission UK is helping shape a more connected and confident British Muslim civil society—one that is responsive, transparent, and accountable. ## **2. A Global Partnership: Launching the Muslim Impact Forum** This year also marked a defining step forward in Mercy Mission UK’s international engagement. We successfully entered into a strategic partnership with the **Global Donors Forum** , one of the world’s leading conveners of Muslim philanthropists, to **launch the Muslim Impact Forum** . The Forum represents a pioneering space for dialogue and coordination among high-impact Muslim donors, foundations, and social investors. Its purpose is to align global philanthropic capital with the most pressing social and humanitarian challenges of our time, while amplifying the voice of Muslim philanthropy within the global social finance ecosystem. Mercy Mission UK’s leadership in co-designing and hosting the Forum reaffirms our commitment to ensuring that Muslim philanthropy is not only generous, but also strategic, data-driven, and aligned to the Sustainable Development Goals and broader ESG frameworks. ## **3. Seeding the Future: The Launch of Equi** ## Another landmark achievement this year was the **seed funding of Equi** , the **first British Muslim policy-focused think tank** . Recognising that true social progress requires representation not only in charity and service delivery, but also in the shaping of public policy, Mercy Mission UK took the initiative to invest in Equi’s establishment. This new institution will provide independent, evidence-based research and policy recommendations that address the needs and aspirations of Britain’s Muslim communities. By supporting Equi, we are helping to elevate informed discourse, strengthen democratic participation, and ensure that the British Muslim perspective contributes constructively to national debates on equality, inclusion and opportunity. - 2 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **4. Strengthening Understanding: The British Muslim Civil Society Report** Mercy Mission UK’s **British Muslim Civil Society Report 2024** represents another milestone in our commitment to data-led strategy and impact measurement. The report—developed in collaboration with academic partners and sector experts—offers a comprehensive analysis of the needs, assets, and successes of British Muslim organisations nationwide. The findings are both encouraging and instructive. They show a community of civic actors who are increasingly professionalised, innovative, and outward-looking. At the same time, they highlight continued gaps in infrastructure, governance capacity, and access to mainstream funding. This work has reaffirmed Mercy Mission UK’s central role as a knowledge leader in the field of Muslim civil society development, helping both donors and institutions make better-informed decisions for the collective good. ## **5. Investing in People: The Future Leaders Program** We were delighted to welcome another **cohort of high-performing young Muslim professionals** into the **Future Leaders Program** —our flagship leadership development initiative. Through structured mentorship, experiential learning, and exposure to best practice in governance and social entrepreneurship, the program continues to nurture a new generation of Muslim leaders equipped to serve with integrity, excellence, and a global outlook. The alumni network now represents one of the most dynamic communities of purpose-driven Muslim professionals in the UK, many of whom are already leading charitable, corporate, and public sector institutions. ## **Civil Society at the Heart of Our Mission** The Trustees reaffirm that the **development of British Muslim civil society** remains at the core of Mercy Mission UK’s purpose. Strong, transparent, and collaborative institutions are essential for lasting social change. Our work therefore extends beyond charity—to building the infrastructure of collective action, thought leadership, and ethical stewardship that underpin a flourishing civil society. We take pride in being a bridge between donors and implementers, between local communities and national frameworks, and between faith inspiration and professional execution. ## **Philanthropic Innovation: The Donor Advised Fund** This year also saw remarkable progress in the growth and refinement of Mercy Mission UK’s **Donor Advised Fund (DAF) facility** . The DAF has provided donors with a trusted, compliant, and efficient platform to manage their giving strategically—enabling both immediate charitable disbursements and long-term impact planning. All **legal and regulatory updates** required to optimise the DAF’s operation have been completed, ensuring continued alignment with Charity Commission and HMRC guidance. The Trustees commend the team for building one of the most transparent and user-friendly faith-based donor vehicles in the sector. This facility now stands as a cornerstone of our wider ambition: to create an intelligent ecosystem for Muslim philanthropy that combines spiritual motivation with professional excellence. - 3 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Looking Ahead** As we reflect on this remarkable year, the Trustees express their gratitude to our donors, partners, volunteers, and team members. Each of our achievements—whether the launch of a global forum, the founding of a new think tank, or the development of a new leader—speaks to a collective commitment to service. In the coming year, Mercy Mission UK will continue to expand its strategic grantmaking, enhance the DAF offering, and invest further in research and leadership. Our direction is clear: to help shape a resilient, values-driven Muslim civil society that contributes meaningfully to Britain and the wider world. Together, we remain, as ever, **making waves in social impact** . ## **Objectives and activities** Our charity is guided by Islamic principles and is committed to enhancing civil society through grants to organisations that promote social justice, education, health, and community development, both in the UK and selected international locations. We aim to support initiatives that empower communities, promote well-being, and foster social cohesion in accordance with our values, the legislative rules of Zakat and principles of good community service. We have three key drivers as we continue our growth as a donor advised fund, and are seeking to ensure every pound we spend is in line with our strategic priorities, which we have identified as: - Support Civil Society: Provide financial assistance to civil society organisations working in areas such as education, health care, and social services. - Promote Social Justice and Development: Fund projects that address inequality, discrimination, and promote human rights, while enabling humanitarian assistance where needed. - Encourage Community Engagement: Empower local communities through initiatives that foster collaboration and participation. ## **Structure, governance and management** The charity is a company limited by guarantee and incorporated under the Companies Act 2006. The company’s governing document is its Articles of Association. The companies charity number is 1122922 with its company number of 06380231. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr M S Ikram Ms F A Mohammad Mr I Mansha (Resigned 31 December 2024) Ms Z A Kidwai None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The charity is governed by a board of Trustees who meet regularly to oversee operations, ensure compliance with regulatory requirements, and guide the strategic direction of the organisation. The board seeks to meet on a quarterly cycle and seeks to ensure more regular oversight through a monthly Chairman-CEO engagement. This enables optimal agility and for the organisation to take a balanced approach to taking advantage of opportunities that emerge while staying focussed on its strategic plan. Our financial management practices ensure transparency and accountability. The charity’s accounts are independently audited, and we adhere to the principles set forth by the Charity Commission. - 4 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Financial review** The Statement of Financial Activities on page 11 shows a net surplus of £1,832,765 (2023: £3,903,237). The trustees consider the state of the charity's affairs to be satisfactory. At the year end, overall reserves totalled £8,309,265 (2023: £6,476,500). The charity retains reserves as a contingency against operational risks and for investment in strategic projects. ## _Reserves policy_ It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. ## **Auditor** In accordance with the company's articles, a resolution proposing that Pearlman Rose be reappointed as auditor of the company will be put at a General Meeting. ## **Disclosure of information to auditor** Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The Trustees' report was approved by the Board of Trustees. .............................. Mr M S Ikram ## **Trustee** 31 / 10 / 2025 Date: ............................................. - 5 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ The trustees, who are also the directors of MERCY MISSION UK for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that 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 Companies Act 2006. 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. - 6 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MERCY MISSION UK** ## **Opinion** We have audited the financial statements of MERCY MISSION UK (the ‘charity’) for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## **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 charity 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. ## **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, individually or collectively, may cast significant doubt on the charity’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. ## **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 our audit: - the information given in the Trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and - the directors' report included within the Trustees' report has been prepared in accordance with applicable legal requirements. - 7 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MERCY MISSION UK** ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within 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: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a strategic report. ## **Responsibilities of trustees** As explained more fully in the statement of Trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose 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 charity’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. ## **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. We gained an understanding of the legal and regulatory framework applicable to the Trust and the charitable sector in which it operates, and considered the risk of acts by the Trust that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK Charity legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of legal professionals. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. - 8 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MERCY MISSION UK** ## **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. .............................................. fect Yor .............................................. ## **Mohammad Jilani (Senior Statutory Auditor) for and on behalf of Pearlman Rose** ## **Chartered Accountants & Statutory Auditor** Suite 1, First Floor Jack Dash House 2 Lawn House Close London E14 9YQ 31 / 10 / 2025 - 9 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**Unrestricted**
**funds**
**2024**
**Notes**
**£**
**Income from:**
Donations and legacies
**3**
1,017,797
Charitable activities
**4**
605,977
Investments
**5**
85,495
**Total income and**
**endowments**
1,709,269
**Expenditure on:**
Raising funds
**6**
-
Charitable activities
**7**
1,068,057
Other expenditure
**12**
-
Total expenditure
1,068,057
**Net income and movement in**
**funds**
641,212
**Reconciliation of funds:**
Fund balances at 1 January 2024
603,048
**Fund balances at 31 December**
**2024**
1,244,260|**Restricted**
**Endowment**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
21,614,935
-
170,470
-
-
-
21,785,405
-
-
-
20,446,634
-
142,380
-
20,589,014
-
1,196,391
-
5,823,442
50,010
7,019,833
50,010|**Total**
**2024**
**£**
22,632,732
776,447
85,495
23,494,674
-
21,514,691
142,380
21,657,071
1,837,603
6,476,500
8,314,103|**Total**
**2023**
**£**
16,365,939
408,580
54,108| |---|---|---|---| ||||16,828,627| ||||25,951
12,843,395
56,044| ||||12,925,390| ||||3,903,237
2,573,263| ||||6,476,500| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 10 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **BALANCE SHEET** ## _**AS AT 31 DECEMBER 2024**_ ||||**2024**|||**2023**|**2023**| |---|---|---|---|---|---|---|---| ||**Notes**|**£**||**£**|**£**||**£**| |**Fixed assets**|||||||| |Intangible assets|**14**|||13,622|||20,433| |Tangible assets|**15**|||1,748,141|||1,501,953| |Investments|**16**|||2,620,191|||325,010| |||||4,381,954|||1,847,396| |**Current assets**|||||||| |Debtors|**17**|115,531|||19,810||| |Cash at bank and in hand||5,124,945|||6,033,679||| |||5,240,476|||6,053,489||| |**Creditors: amounts falling due within**|**19**||||||| |**one year**||(343,946)|||(410,377)||| |**Net current assets**||||4,896,530|||5,643,112| |**Total assets less current liabilities**||||9,278,484|||7,490,508| |**Creditors: amounts falling due after**|||||||| |**more than one year**|**20**|||(964,381)|||(1,014,008)| |**Net assets**||||8,314,103|||6,476,500| |**The funds of the charity**|||||||| |Endowment funds|**22**|||50,010|||50,010| |Restricted income funds|**23**|||7,019,833|||5,823,442| |Unrestricted funds|**24**|||1,244,260|||603,048| |||||8,314,103|||6,476,500| The financial statements were approved by the trustees on ......................... 31 / 10 / 2025 .............................. wie Mr M S Ikram **Trustee** Company registration number 06380231 (England and Wales) - 11 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **STATEMENT OF CASH FLOWS** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**2024**
**Notes**
**£**
**£**
**Cash flows from operating activities**
Cash generated from operations
**27**
1,605,381
**Investing activities**
Purchase of tangible fixed assets
(258,010)
Purchase of investments
(2,295,181)
Investment income received
85,495
**Net cash used in investing activities**
(2,467,696)
**Financing activities**
Proceeds from new bank loans
-
Repayment of bank loans
(46,419)
**Net cash (used in)/generated from**
**financing activities**
(46,419)
**Net (decrease)/increase in cash and cash**
**equivalents**
(908,734)
Cash and cash equivalents at beginning of year
6,033,679
**Cash and cash equivalents at end of year**
5,124,945|**2023**
**£**
**£**
4,123,935
(110,000)
(325,010)
54,108
(380,902)
237,321
(64,791)
172,530
3,915,563
2,118,116
6,033,679| |---|---| - 12 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies** ## **Charity information** MERCY MISSION UK is a private company limited by guarantee incorporated in England and Wales. The registered office is 203 Westgate, Bradford, BD1 3AD, England. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Income that is generated in Ramadan and not expended during the accounting period is carried forward as a surplus and expended in the following accounting period. - 13 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies** ## **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.6 Research and development expenditure** Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated. ## **1.7 Intangible fixed assets other than goodwill** Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Development costs 3-4 years straight line ## **1.8 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings Not depreciated Fixtures and fittings 20-33% straight line basis The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.9 Fixed asset investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. - 14 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies** ## **(Continued)** ## **1.10 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.11 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.12 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.13 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. - 15 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies** ## **(Continued)** ## **1.14 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Income from donations and legacies** |**Unrestricted**
**funds**
**2024**
**£**
Donations and gifts
1,017,797
**Unrestricted**
**funds**
**2023**
**£**
Donations and gifts
701,593
701,593|**Restricted**
**funds**
**2024**
**£**
21,614,935
**Restricted**
**funds**
**2023**
**£**
15,614,336
15,614,336|**Total**
**2024**
**£**
22,632,732| |---|---|---| |||**Total**
**2023**
**£**
16,365,939| |||16,365,939| - 16 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **4 Income from charitable activities** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Services provided under
contract
605,977
-
Charitable rental income
-
170,470
605,977
170,470|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
605,977
237,249
-
170,470
-
171,331
776,447
237,249
171,331|**Total**
**2023**
**£**
237,249
171,331| |---|---|---| |||408,580| ## **5 Income from investments** |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2024**|**2023**| |||**£**|**£**| ||Interest receivable|85,495|54,108| |**6**|**Expenditure on raising funds**||| |||**Restricted**|**Restricted**| |||**funds**|**funds**| |||**2024**|**2023**| |||**£**|**£**| ||**Fundraising and publicity**||| ||Fundraising agents|-|25,951| - 17 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **7 Expenditure on charitable activities** |**Direct costs**
Staff costs
Depreciation and amortisation
Subcontractor costs
Rent and rates
Telecommunications
Travel
Information technology
Subscriptions
Advertising
Printing and stationery
Legal and professional
Consultancy
Accountancy
Audit
Admin and finance
Bank charges
General expenses
Exchange rate differences
Building insurance
Building repairs
Property maintenance
Grant funding of activities (see note 8)
**Analysis by fund**
Unrestricted funds
Restricted funds|**Total**
**2024**
**£**
129,672
18,633
1
47,401
264
114,707
185,534
11,920
372,337
1,608
449,786
526,201
7,200
10,800
1,111,827
4,872
143,476
163,607
16,583
7,680
13,142
3,337,251
18,177,440
21,514,691
1,068,057
20,446,634
21,514,691|**Total**
**2023**
**£**
71,545
11,822
232,476
28,777
191
52,281
44,683
3,729
368,116
1,988
33,057
166,645
7,200
10,800
162,749
2,621
9,005
-
17,314
17,063
14,282| |---|---|---| |||1,256,344
11,306,843| |||12,563,187| |||717,312
12,126,083| |||12,843,395| ## **8 Grants payable** ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |Grants to institutions:||| |Other|18,166,440|11,298,632| |Grants to individuals|11,000|8,211| - 18 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**8**|**Grants payable**||**(Continued)**| |---|---|---|---| |**9**|**Net movement in funds**|**2024**|**2023**| |||**£**|**£**| ||The net movement in funds is stated after charging/(crediting):||| ||Fees payable for the audit of the charity's financial statements|10,800|10,800| ||Depreciation of owned tangible fixed assets|11,822|11,822| ||Amortisation of intangible assets|6,811|-| ## **10 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. ## **11 Employees** The average monthly number of employees during the year was: |**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**Number**
4
**2024**
**£**
119,078
8,295
2,299
129,672|**2023**
**Number**
3| |---|---|---| |||**2023**
**£**
60,083
9,727
1,735| |||71,545| There were no employees whose annual remuneration was more than £60,000. ## **Remuneration of key management personnel** The remuneration of key management personnel was as follows: ## **12 Other expenditure** ||**Restricted**|**Restricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |Financing costs|142,380|56,044| ||142,380|56,044| - 19 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **13 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **14 Intangible fixed assets** ||**Development**| |---|---| ||**costs**| ||**£**| |**Cost**|| |At 1 January 2024 and 31 December 2024|20,433| |**Amortisation and impairment**|| |At 1 January 2024|-| |Amortisation charged for the year|6,811| |At 31 December 2024|6,811| |**Carrying amount**|| |At 31 December 2024|13,622| |At 31 December 2023|20,433| ## **15 Tangible fixed assets** |**Freehold land**
**and buildings**
**Fixtures and**
**fittings**
**£**
**£**
**Cost**
At 1 January 2024
1,470,000
75,031
Additions
258,010
-
At 31 December 2024
1,728,010
75,031
**Depreciation and impairment**
At 1 January 2024
-
43,078
Depreciation charged in the year
-
11,822
At 31 December 2024
-
54,900
**Carrying amount**
At 31 December 2024
1,728,010
20,131
At 31 December 2023
1,470,000
31,953|**Total**
**£**
1,545,031
258,010| |---|---| ||1,803,041| ||43,078
11,822| ||54,900| ||1,748,141| ||1,501,953| The trustees are of the opinion that the carrying value of the freehold property carried forward is materially correct as at the balance sheet date. - 20 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **16 Fixed asset investments** |**Cost or valuation**
At 1 January 2024
Additions
At 31 December 2024
**Carrying amount**
At 31 December 2024
At 31 December 2023
**17**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income
**18**
**Loans and overdrafts**
Bank loans
Payable within one year
Payable after one year|**Other**
**investments**
**£**
325,010
2,295,181
2,620,191
2,620,191
325,010
**2024**
**2023**
**£**
**£**
100,866
9,569
14,665
10,241
115,531
19,810
**2024**
**2023**
**£**
**£**
1,031,750
1,078,169
67,369
64,161
964,381
1,014,008| |---|---| The long-term loans contain a negative pledge and are secured by way of a fixed charge over the assets of the company. - 21 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**19**
**Creditors: amounts falling due within one year**
**Notes**
Bank loans
**18**
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
**20**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**18**
**21**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2024**
**£**
67,369
174
139,403
119,000
18,000
343,946
**2024**
**£**
964,381
**2024**
**£**
2,299|**2023**
**£**
64,161
18,077
185,139
125,000
18,000| |---|---|---| |||410,377| |||**2023**
**£**
1,014,008| |||**2023**
**£**
1,735| The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. ## **22 Endowment funds** Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund. |**At**
**Permanent endowments**
Waqf
**Previous year:**
**At**
**Permanent endowments**
Waqf|**1 January**
**2024**
**Incoming**
**resources**
**At 31**
**December**
**2024**
**£**
**£**
**£**
50,010
-
50,010
**1 January**
**2023**
**Incoming**
**resources**
**At 31**
**December**
**2023**
**£**
**£**
**£**
-
50,010
50,010| |---|---| - 22 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **23 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. |**At 1 January**
**2024**
**£**
Donor Advised Fund (DAF)
5,473,955
Rental income
124,487
Other venture funds
225,000
5,823,442
**Previous year:**
**At 1 January**
**2023**
**£**
Waqf
38,000
Donor Advised Fund (DAF)
2,004,660
Rasullah
54,908
Rental income
149,107
Restricted funds <50,000
(822)
Other venture funds
-
2,245,853|**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
21,614,935
(20,179,812)
170,470
(184,202)
-
(225,000)
21,785,405
(20,589,014)
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
-
-
15,614,336
(12,182,127)
-
-
171,331
(25,951)
-
-
-
-
15,785,667
(12,208,078)|**Transfers**
**£**
-
-
-
-
**Transfers**
**£**
(38,000)
37,086
(54,908)
(170,000)
822
225,000
-|**At 31**
**December**
**2024**
**£**
6,909,078
110,755
-
7,019,833
**At 31**
**December**
**2023**
**£**
-
5,473,955
-
124,487
-
225,000
5,823,442| |---|---|---|---| ## **24 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. |**At 1 January**
**2024**
**£**
General funds
603,048
**Previous year:**
**At 1 January**
**2023**
**£**
General funds
327,410|**Incoming**
**resources**
**£**
1,709,269
**Incoming**
**resources**
**£**
992,950|**Resources**
**expended**
**£**
(1,068,057)
**Resources**
**expended**
**£**
(717,312)|**At 31**
**December**
**2024**
**£**
1,244,260
**At 31**
**December**
**2023**
**£**
603,048| |---|---|---|---| - 23 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **25 Analysis of net assets between funds** ||**Unrestricted**|**Restricted**|**Endowment**|**Total**| |---|---|---|---|---| ||**funds**|**funds**|**funds**|| ||**2024**|**2024**|**2024**|**2024**| ||**£**|**£**|**£**|**£**| |**At 31 December 2024:**||||| |Intangible fixed assets|13,622|-|-|13,622| |Tangible assets|20,131|1,728,010|-|1,748,141| |Investments|-|2,620,191|-|2,620,191| |Current assets/(liabilities)|1,210,507|3,636,013|50,010|4,896,530| |Long term liabilities|-|(964,381)|-|(964,381)| ||1,244,260|7,019,833|50,010|8,314,103| ||**Unrestricted**|**Restricted**|**Endowment**|**Total**| ||**funds**|**funds**|**funds**|| ||**2023**|**2023**|**2023**|**2023**| ||**£**|**£**|**£**|**£**| |**At 31 December 2023:**||||| |Intangible fixed assets|20,433|-|-|20,433| |Tangible assets|31,953|1,470,000|-|1,501,953| |Investments|-|275,000|50,010|325,010| |Current assets/(liabilities)|550,662|5,092,450|-|5,643,112| |Long term liabilities|-|(1,014,008)|-|(1,014,008)| ||603,048|5,823,442|50,010|6,476,500| ## **26 Related party transactions** There were no disclosable related party transactions during the year (2023 - none). |**27**
**Cash generated from operations**
Surplus for the year
**Adjustments for:**
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
**Movements in working capital:**
(Increase)/decrease in debtors
(Decrease)/increase in creditors
**Cash generated from operations**|**2024**
**£**
1,837,603
(85,495)
18,633
(95,721)
(69,639)
1,605,381|**2023**
**£**
3,903,237
(54,108)
11,822
17,774
245,210
4,123,935| |---|---|---| - 24 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ## **MERCY MISSION UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**28**
**Analysis of changes in net funds**
**At 1 January**
**2024**
**£**
Cash at bank and in hand
6,033,679
Loans falling due within one year
(64,161)
Loans falling due after more than one year
(1,014,008)
4,955,510|**Cash flows At 31 December**
**2024**
**£**
**£**
(908,734)
5,124,945
(3,208)
(67,369)
49,627
(964,381)
(862,315)
4,093,195| |---|---| - 25 - Doc ID: b3bef56d60ee3f1d49c3689c9eb3d57696683a55 ||Mercy Mission UK - Full AC's Y.E. 31.12.2024| |---|---| ||Mercy_Mission_UK_...for_signature.pdf| ||b3bef56d60ee3f1d49c3689c9eb3d57696683a55| |format|DD / MM / YYYY| ||Signed| |history|| |30 / 10 / 2025|Sent for signature to Shahid Ikram| |19:20:40 UTC|(shahid.m.ikram@gmail.com) from| ||azim.kidwai@mercymission.org.uk| ||IP: 82.6.206.153| |31 / 10 / 2025|Viewed by Shahid Ikram (shahid.m.ikram@gmail.com)| |10:47:12 UTC|IP: 86.130.69.218| |31 / 10 / 2025|Signed by Shahid Ikram (shahid.m.ikram@gmail.com)| |10:47:57 UTC|IP: 86.130.69.218| |31 / 10 / 2025|The document has been completed.| |10:47:57 UTC||