CompBny registration numbw". 06652052 Clwity registration numbff: 1127834 Zahid Mubarek Trust Limited (A conuw limited by guaTant#) for the Year E]Ml¢d 31 Marth 2022
Tahld Mubarek Trujt Llmlted CoDteDts Refece and Administrative D&ails 2to3 Ststemrnt of FinanGial A¢tsvitie8 4t05 Balance Sh¢¢t 6t07 Notes to the Financial Stat¢mth 8t019
Zabld Mubarek IAmfitEd Ch Raymcnd Bewry Ran0nd Bewry Daniel edIct Rubin8tein Jabez Wai Yiu Lam Senlor Management I tn)tiaz AMI CdIre Leadersbip Team Charlty Reglstratlom Number 1127834 CompaDy R*tra¢lon Number 06652052 R¢gl8tered Offlce 213 Haverstock Hill IJ)ndon NW3 4QP 72in Saleh FCCA ZAS Consultlng IAd Suite 427 Lw C¢ntr¢ Hampton Road W¢st Feltham Mithllesex TW13 6DH IDdepeDdent Exauthier Bwke HSBC Bank plc 192 Ho¢ Street Walthamstow Imdon E174QN
Zahld Mubarek Trvt Llmlt¢d IndepeDdeDt EInItr,9 Kg to the trnstees of 7Ahld Mubarek Trujt Llmlted ('the Comp8ny') I reikn to the charity trustee8 on My examination of the accouts of the C(KnLY for the year ended 31 Marth 2022. Rejponslbilitlej and buis of rqrt As th¢ Gbarity's trustecs of thc Company (and also its directiTh for the pwp)8e8 of company law) you are resnS]le for the preparation of the aLV)unts ill accordance with the requirements of the Con]panies Art 2(X)6 ('th¢ 2fX)6 Art.). Having satisfied myself that the accounts of the Company are not reqUIa to be audited under Part 16 of the 2C(16 Act 8nd are elIle for independent examinatioo I rep)rt in resp¢¢t of my examination of your charity's accoiuits as out under 8ection 145 of the Charities Act 2011 ('the 2011 Act.). tn carrying out my examination I hav¢ follow¢d the DirectioL8 given by the Charity Conu10n under sectkon 145(5)0)) of the 2011 ACL Independent eI4mlner'* ststement I have complet&1 my examiOrL I nfirn} that no matter8 have come to my attention in connection with the exaMiOn giving me cause to believe.. l. accowiting records were nol kept in rw of Zahid MubaRk Trust Limited as requireA by tIOn 386 of the 2(X)6 Act; or 2. th¢ a¢¢ixmts do not aco)rd wiib thos¢ rOrds. (Y 3. the accounts do not comply with the accounting reqllirts of slI0n 396 of the 2(K16 Act other than any wulrent that the accounts give a 'lTUe and fair view, wbich is not a Enatter ¢(m5id¢r¢d as part of an indepetht examination: or 4. the accounts have not been PTetArul in accordan¢e with th¢ methods and principle8 of the Statement of Reco[D[ded PTrrtice for accountin8 and ryortlng by charities [appli¢able to charities PTEparing their accounts in accordance with the Financial Rep)rtin8 Standard applicable ill the UK and Re]xthli¢ of Ir¢lRDd (FRS 102)]. I have no concerns and have cotne across no othw mattern in connection with the examination to whith atttIOn should be drawn in this rqKrt in oth to enable a proper understanding of the accounts to be rea¢he4L
Zahid Mubarek Trust lJmlte41 IndtpeadeDt EJamln¢r'8 Reyirt to the truste¢s olZAhld Mubarek Trust IAmlted Cthe Compwiy Mr 7AM Saleh FCCA ZAS Consulting Lld Association of Chartered C¢rtified Acu)un12nts Suite 427 Legacy Centre Hampton Road West Feltham Middlesex TW13 6DH L9
St*tement of FInda1 Acllvltles for the Ended 31 Mareh 2022 (Indpdlng Income and ExpeDdlt•re Account #nd SlateDllt of Total RecognW Galns and Losses) Tijtal 2022 Income and EndoWnnts from: 82,511 103.396 185.907 82.511 103.396 185,907 Expendltsre on: a]aritsbl¢ artiviti¢s Other exPdI Totsl expenditure Net incomej(eXplditUre) (28,078) 744 (219972) (248,050) 744 219 972 248,794 53,689 116,576 (116,576) 116.576 (61887) Nct mov¢mcDt in funds (61887) (62.887) RecoDclllatloa of fwi Total funds brougbi forward Totsl fimds c4rrieAI forw8rd 50,901 11,986 50.901 11,986 Totwl Ullrertrl¢te41 Re•trlcte41 2021 Note Income and Endowmeuts from: Grants. donations and kgacies Total income 102.453 155,323 257,776 102,453 155 323 257 776 Expendltsre on: Charitable activitie8 Other expenditure Total expenditure Net inc0mel(rxdIturc) Transfers between funds (42.032) 379 (173.094) (215,126) 379 173,094 215,505 60,042 17.771 (17,771) 17.771 42271 Net movement in funds 42271 41271 Reconellladon of fund8 Total funds brought forward 8.630 8.630
7Ahld Mubarek Trnt Llmlted st&tMent of Flnwnclal A¢dvltles for the Yr Ended 31 Mw¢h 2022 ndudlng Income •nd ExpendltDre A¢couDt and Statement of Totsl Re• Galni and Losses) Total 2021 Note Total fiMMls carried foTrnrd 16 50.9X)I 50 All of the Gharity's activities derive from contsnuing operations thID8 the aix)ve two periods. The funds breakdown for 2021 is shown in note 16. The not¢8 on page5 8 to 19 f(rn all integrnl rArt of the5¢ finan¢ial statements. Pagc 5
74bld Mubarek Trust Llmlte41 (RegIstIOn number: 06652052) B8lan¢¢ Sheel as at 31 March 2022 2022 2021 Nots Flxed a88rt8 Tangibl¢ asscts Current 9$ts Debtors C&8b at bank and in band li 4.757 1,414 12 13 7225 17.074 24299 18,864 3,726 96.564 100290 23,320 Net current let9 Totsl aJsd8 less current lknbllldes 10,192 78,384 Credlton: Amounts falilng due after more than one year 15 22,178 11,98 27.483 50901 Iyet (UablHtle8)l*s•ets Fund8 of the charlty: Unrestrlcted Incon tsnd• Unrestricted funds 11.98 11.98 50.901 50.901 Total fuDd8 For the financial year dillg 31 Marcb 2022 the charity was entitlryl to exen)ptioJx fn)m audit under wtion 477 of the Cwi¢s Art 2(K)6 reknng to small conw Directors, respoll51Trilitie8: . The membws have not rquired the ch8rity to oitiin an audit of its accounts for the year in question io accordance with slI0n 476. and The directors acknowledge their responsibilities for cixnplying with the requIremts of th¢ kn witb respect to accounting relxirds and the pyeparntion of accounts. relating to comparries subJ"e£t to th¢ small ¢omp8nies regime within Part 15 of the Comp8nies Act 2Crf)6. Th¢ ttot¢s on pages 8 to 19 forni an Inte8 port of these financial staternts.
Zahld Mryb4r¢k Trmt Umlted (ReOstrtlon number: 06652052) Bthnee Sheel K at 31 Mar¢h 2022 Th¢ financial i&8ue on... ernts on pages 4 to 19 wae approved by thc trustees. and &uthorised for Land signed on their behalf by. Dani¢l Ben1ct Rubinsin TnL8tee The notes on pages 8 to 19 forni an integral part of finan¢ial st8t¢ments.
Zhld m•b Tr••t llted Notes to the FIn9nd StAtem¢nts for the Ye•r Knded 31 Mareb 2022 I Cbarlty stat•s capital. Each of the trusttts is liable to contnkn an amount not exceeding £1 towards the assets of the charity in the evenl of liquidatio The address of its registered offi¢e is.. Hampstead Town Hall Centre 213 Haverstock Hill Imdon NW3 4QP 2 Accountlug polldes SUMM of 818nlfieaDt accounthig po]ieles and key ¢0ntillg estlnu The principal accounting policies applied in th¢ preparation of these financial ststem¢nts are set out below. These policies have been consist¢ntly appli to all the years presentrf unle58 otherwise stated. ststemeDt of compllaryce The financial statements have in accordance with Accounting and Reporting by Charities.. Statement of Recomtnended Prndir¢ {appli¢ablc to charities preparing their accounts in accordanLY with th¢ Fith3ncial Rep)rting Stsndard applicable in the UK and Republic of Ireland IFRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)). th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies A¢t 2(KJ6. Bg11s of preparadon ZAhid Mubarek Trust Limited meets the definition of a public bwefit tity under FRS 102. As8ets and liabilities are inttially reLognised at historical cost or Iransaction value unless otherwise stated in the relevant acwunting lIcY notes. The presenlational currffl¢y of the financial stata))ents is Pound Sterling (£). Colng concern The truste¢8 Consider that there are no marial unceri8intieg 8b)ut the charitys ability to continue as a going concern nor any signifiL* 8rea8 of unceoty that afft the cwing valuc of assets held by the charity. Eiempdon from prepthng & cagh Ilow rtateme•t The thity opt&1 to early adopt Bull¢tin i published on 2 February 2016 and have therefore not illcluded a casb tlow statern in these financial Stal&1ts.
ZAbld Mubarek Trut Lllldted Notes to the Fln4MthI Sttsments for th¢ Year Ended 31 Mareh 2022 IDeome and endowments Ail income is recognis&l once the charity has ¢ntitl¢D]¢nt to the inL¥)m4 it is probable that the income will be reiVed and the aD]ount of th¢ Inrne r¢¢eivable Lall b¢ me4surcd reliably. Grants 8re re£ognised when the charity has an entitlement to the funds and any Lx)nditions link&1 to the grants have been MCL Whcre trfornwice conditions are attsched to the grdllt and are yet to be mel the income is reia)gnised &8 a liability and included on the balance sheet as deferred income to be releawl EendItUTe All eXtnditre is recognised thff¢ is a l¢g81 or constructive obligation to that expenditure, it is probable 5cttl¢m¢nt is rquitcd and the amount can be measured reliably. All ¢08ts are allocated to the applicable exp¢nditur¢ hdItig that aggffgat¢ similar costs to that category. Whffe costs cannot bc directly attributed to parti¢ul8r headings th¢y have been allocated on a b&8is consistent with the usc of resour¢es. with cffltral staff ¢osts allocated on the basis of time spenL and depreciation charges allcKated on the Fmvtion of the asset's Use. Other support costs are allocated b&8ed on the spread of staff costs. Charltable 4dh* Charitable eXpditUre comprise5 those costs inarred by the cPority in the delivery of its activities and services for its beneficiaries. It include5 b)th costs that can be allocated directly to suth activitie5 and those Costs of an indiff¢t nature necessary to support th¢m. GovernCe costs These include the costs attributable to the charitys cornpliance with constitutional and statutory requirement4 including audiL strategt¢ managonent 8nd trustees me¢lings and Government grants value of the asset received or rKcivabl¢. Grdnts are classified as relating either to revenue or to assets. Grants relating lo revern are recognised in income over the pericd in wbich the related costs are recognise(L Grdnts relating to 188ets are recognised over the expected useful Irf¢ of the a88eL Where of a grant relatin8 to an a88d is defffrt it 1$ recognised 8$ deferred income.
Notes to the Flnandal Statements for the Ye•r Ended 31 Marth 2022 T&tIOn The charity is considered to pass the tests set out in Pardgraph I Schedule 6 of the Finance Act 2010 and therefore it meets th¢ defmitioll of a cJwit8ble company for UK corporation t& purposes. Accordingly. the ¢harity is tiallY exempt from taxation in Ped of income or pitsl gains received within catcgori¢s ¢overed by Cb8Pter 3 Part I l of the Co)0ration Tax Act 2010 or ScLtion 256 of the Taxatioo of Charg¢abl¢ (knins Act 1992, to the extent that such incorne or gains are applied exclusively to charitable purpos¢5. Tanglble ed 2s8¢ts Individual fixed assets costing £I.(x$ or are initially Tecorded at cosL less any subsequent accumulated depreciation and subsequfflt accumulated impairnient losses. Depredadon and amortl¥atlfjA Depreciation is provided on t8wble fued assets $0 as to write off the cost or vaIuatioN less any estinwted r¢sidual valu4 OV their ex USefi economic life as follows.. A88et cl Fixtures and fitting5 Computer equipmcnt Depre¢lAtion method And rats 25 % on Cost 33.33•/0 on cost Re8eareh and dev¢lopmeDt Trade debtors Trade debtors are 0nts due fiom Customers f(r merclwth sold or scryices perfonned In the orthnary course of business. Trnde debtors aff rec4)gnised initially at the tr8nsaL#ion price. They are subsequently measured at amorti5¢d cost using the effective illtt lesg provisiott for impairnienL A provision for the impainncnt of trade debtors is estsblished v4h¢n thcrc is objective evidence that the clwlty will not be abl¢ to collect ail atnounts due aco)Tding to th¢ ori1 ternis of the e1Vable8. Caih and equlyalents Cash and cath equivalents conyise casb on and call dwsity and other sbort.terni highly liquid investments that arc readity Convertsle to a known amount of casb and are subj'ect to an iDsignifiLW risk of change in valu& Page io
ZAhld Mubarek Tht Limlted Note* to the FIRanelal StateJDeDts for Ihe Year EndeAI 31 March 2022 Trade ¢redlton Trade creditors are obligations to pay for goods or services that bave been acquired in the ordinary coJJrse of businas from suppli¢rs. A(nts payable are classificd as current liabiliti¢s if the ¢lwity doeg not have an unconditional righL at the end of the reportlng peti1, to defer settlement of the creditor for at least twelve months after the reporting date. Tf there is an unconditional rigbt to defer settlemfflt for at le&8t twelve months the Teportsng date, they are pff$ted as non-current liabilities. Trade ¢reditors are regnIsed initially at the tTznsactioD Pri and subsequently rneaS at amortised cost using the effedivc interest methsJL Fund structhre Uorestricted income funds are general fun<Ls that are available for u8e at the trustees discretion in furtherance of the obj'ectives of the cljarity. the use of which is restricted to that area or pyllp05C. Flnandal IDstrunwits Financial &8sets and fmancial liabilities are re¢o8nis&l when the charity becomes a rAty to the contrd¢tual provisions of the instrument. Financial liabilities and cquity instruEnents are ¢la8sified according to the substance of the contra¢tual arrdllgements entered into. An equity iDstrumfflt is any contract that evidences a residual interest in the assets of the c]Jarity after dthctiO8 all of its liabilities. Pagell
Nottt to the Fln4nelal St•temettts for the Year Ended 31 Mweh 2022 All fllwirial assets and liabilities are initially Measured at traction price (including tranwtion costs), excqrt for those financial &8sds classifieA as at fair value through profit or loss. whicb are initially mcasured at fair value (which is nonnally the transaction price excluding Iratisaction costs). the arrangement constitstrs a financing tratis&¢tAon. If an 8rrdngement constitut¢s a financing transactio th¢ fin8nci81 asset or fllwicial liability is measured at the ps¢llt value of the firture paymrnts di8QXmted at a market rate of intcrcst for a sirnilar debt in8tn]menL Financial a5Srts and liabilities are only offset in the Slatement of fmancial position wheo and only when there exists a legally afforceable right to set off the recognised amounts and the charity int¢n&s either to settle on 8 net basis. or to reaiise the asset and s¢t¢le the liability simultaneously. Financial assets att dergniSed wben and only a) the o)ntracbJal rights to the cash flows from the financial wet cxpir¢ or are sle b) the charity transf¢ to another paty Substantially all of the risks and rewaTd5 of ownffthip of the financial asseL or c) the charity, despite having retained som& but not ail, significaat risks and 8rd$ of Own81p, has transferred control of the asset to another tArty. Ftnancial liabilities ar¢ a¢regnised only when th¢ obligation sfied in the contract is disckn8ed, cancelled or expircs. With the exception of some h&tsing instTument& other dart instnents not meeting these nditions are rnea8 at fair Val through pmfit or Ios8. Commitsnents to make and re1Ve loatL8 Trvhi¢h med the conditions mcntioncd above are measured at wst (whicb may be nil) I¢ss iD]pairmenL 3 Ineom¢ from grall donadon* •nd 14ade8 Dd• Totsl 2022 nds Granty including ¢l)ari18ble dooati Government grants Grants from charitabl¢ trusts and foundations 1@817 16,817 103J96 103.396 169,090 185.907 82.511 Page 12
Zabld Mubarek Trnt Umlted Notss to the Flngndgl Statsments for th¢ Ye*r Ended 31 March 2022 nds Rethettd nd$ Totsl 2021 Grants. including ¢haTitable donati 32.033 32.033 Grants from charitable tnLqts and foundations 70,420 155.323 155 102 453 23 225.743 257 776 fuDd# ReAtsl¢t¢d Totsl funds 2022 The Joseph Rowntree (laTilable Tntst HMPPS Lloyds Bank FoatiOn AB CFor&tabl¢ Trust 63J96 63.396 40,(MX> 40. 25.0(K) 25.0(K) 17.132 82,132 UBrestrirted funds ReJtrl¢ted Totsl General fuDth 2021 103396 185,528 The Joseph Rowntree Cbaritable Tnt Uoyds Bank Foundation The Imdon Community Fowthti( Thc Tuth)r Tnt 28.(KX) 68,(MXI 40.¢XM) 40,( 30,130 30,130 2,IKK1 29.(KXI 23.357 23,357 27,lJXI The National Lottery Cot)]munity Fun(L' Coronavirus Community Support Fund AB Clwitsble Trust The Evan Cornisb Foundalion 20,(MX) 20,( io,( 7,(Krfl 7,( 4.836 30289 155,323 257 776 10,0 25,453 102.453 Pag¢ 13
Note¥ to the Stst¢D*nts for the Year Ended 31 March 2022 4 ExpeDdltsre OD charltsble x¢tlvldeA Totsl fund• CeDeral Core costs aDd project expffi Slaff and consultants, costs Delivery and research costs Office and communication 181744 37228 182,744 37228 19.519 1,012 105 266 750 148 19,519 1,012 I05 266 750 Membetship5 and sub8criptions Charitable donation8 Website costs Bank clwges Dweciatiofy amorti8ation and other similar costs Governance costs 810 5.468 810 5.468 248,050 Totsl for 2022 219.972 Total for 2021 42.032 173.094 215 126 tn addition to the expendtture anaIysed aiN)ve. there arc also governan¢e costs of £5,468 (2021- £5,174) which relate ditlY to tharttsble activities. See note 6 for fith detsils. 5 Other expendlture Unrestrfiettd nds fvndj Note 744 744 Totsl for 2022 744 744 Total for 2021 379 379 Page 14
Not to the Flnandal Stat¢nwits for the Yw Ended 31 March 2022 6 ADaly8ts of govern•n¢¢ iupport cojts Governance co Uurethlcted nd$ Genernl Total funth Independent examinff fees 2.520 2.520 Totsl for 2022 5.468 Totsl for 2021 5.174 5.174 Page 15
ZAhld Mubarek Tht Umlted Notes to the TrIDaDd Statsments for the Year Ended 31 March 2022 7 Trustees remuneratlon and expen No trustees. nor any per50nB CollDe with have r1Ve any remuneration from thc charity durlng the year. 8 Staff coats No employee receiv eD]olurneots of more than £6i1.(KK) during th¢ year. In the current year. the ctharity had 4 employee8 (2021 - 3). In additioffj the charity I I of stsff working under a ¢onwltsn¢y contract (2021- 1). The total wage5 and c4)owltancy ftts paid during the year wue £181744 (2021- £142,653) Thc total employee remunetation and benefits of the key pu30nnel of the charity w¢re £47.487 (2021- £46.427) 9 Independent examIne5 remulleratlo 2022 2021 2.520 2,4(X) 10 Taxatlon The charity 18 a registered tharity and ts therefffe excwt from taxalioL Page 16
74hld M•barek Tr••t Llmlttd Not to the Ffinand Statements for the Ye4r Ettdtd 31 M4r¢h 2022 11 Tnglble tsed assets FurDltsre and equtpment Totsl Cost At l April 2021 Additions 10.822 4.153 10,822 4,153 At 31 March 2022 14.975 14.975 At l April 2021 Charge for the year At 31 M8rch 2022 9,408 810 810 io io Net book vlue At 31 Marcb 2022 4.757 4,757 At 31 March 2021 1,414 1,414 12 Debtors 2022 2021 15(Kl 1226 3,726 Other debtors 7225 7225 13 Casb and eash equlvaients 2022 2021 Cash at b8nk 17,074 96,564 Page 17
74hld Mubarek Tnut Lljnlted Notes to the 51nanthl Statsnwbts for the Year E•ded 31 March 2022 14 Credltor8: amounts fAI]Ing due one year 2022 2021 Bank loan8 Trade cr&litors 5,843 1867 3210 1.735 3,680 4276 167 13 7010 96 18.864 23.320 AccnlS IS CrdtorB: amounts falll*g due after one year 2022 2021 22,178 27,483 16 Funds BalaDce at l Aprll Incomlng Reree1 2021 re8oureeB expended Tranrfen Balance at 31 Marcb 2022 UDrestrl¢ted Genu41 General Funds 50.911 8UII (28.822) (116,576) (11,986) Rejtrieted Advocacy for justic¢ of Our Own Prnje Fquality AdV(teS Project and Prison IKav¢Tr Sllpt Project 103J96 219,972 116.576 Totsl funds So.)] 185 248,794 11,986 Page l8
74hld Mubgrek Thmt ljmlted Notes to th¢ FIRIn¢ St*tem¢nts for the Year Ended 31 Mar¢h 2022 Bqlance at l Aprll Incomln% Re4oMrc 2020 re8oMrcts ¢xpMded Trfe Balance at 31 Mareh 2021 Unregtrleted G¢n¢ral Fund8 8.630 102,453 (42.411) (17.771) 50,901 Advocacy for Justice Programme, A Reco of Our Own ProjecL Equality Advocates Project and Prison tKavv8 supp Project 155J23 173.094 17.T71 Total fund8 8,630 257,776 215,505 50,901 Page 19
7ahld Mubgrek Thmt Llmlted D¢t*lled Ststement of FlaaDclal Actlvities for Ihe Year Ended 31 Mar¢h 2022 Total 2021 2022 Gran¢ donailons and 14v4cla Government grants 16,817 103.396 32,033 155J23 185,907 257,776 Staff and consultants, costs Delivery and researcb costs Offir¢ and ¢ommuniLYtion (181744) (37228) (19.519) (1,012) (105) (142.653) (30,441) (25.921) (1230) (167) (54> (2,41K>) (&799) (200) (87) {2,400) 2.774 215.12 Membct5hips & 8llb8criptions Charitable donatioDs Bvents W¢bsite costs Depreciation Bank charges (750) (810) (148) 11520) A¢nt8cY and bookkcq>ing fees 248.050 744 379 744 379 This page does not forni tfflrt of the ststthry finan¢i8J Statemts. Page 20