Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI Company Nutnber 7051721 Registered Charity Number 1135681 MADAD (A eompany limited by guarantee) Report of the Trustees and Financial Statements 31 December 2021
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI CONTENTS Page Legal and Adrninistrative Informalion Report of the Trustees Report of the Auditors 7-10 Statement of Financial Activities Statement of Financial Position 12 kntement of Cash Flows 13 Notes to rhe Financial Statements 14-18
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI MADAD LEGAL AND ADMINISTRATIVE INFORMATION Trustees aDd Directors Nau5had Nurdin Jivraj Mansoor Esmail Salim8h Currimbhoy Arif Pradhan Company Se¢retsry Matwor Estnail Registered olee Jubilee Court 331 East Lalle Wembley Middlesex HAO 3LB Company number 7051721 Charity tkumber 1135681 AuditOT5 Fairrnan Harris Chartered Accountants l Landor Road London SW9 9RX BankeTS Lloyds Bank PIC Covent Garden Branch 22124 Southampton Street London WC2E 7JB Solieitors Stone King LLP 13 Queen square Bath BAI 2HJ
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI MADAD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 The Trustees prtsent the financial statements of Madad for the year endtd 3 1 December 2021. The Tnjstees are also d7ClOt5 for Companies Act purposes. The financial statements comply with the (haritie5 Act 2011. the Companies Act 2006 and Accounting and Reporting by Charities.. Statement ofRecommended Practice ISORPI applicable to charities preparing their accounts in accordanc¢ ith th¢ Financial R¢pDrting Standard applicabl¢ in the UK and Republic of Ireland IFRS 1021 (effective l January 20151. STRUCTURE, GOVERNANCE AND MANAGEMENT status gnd Govtrning document The company is a charilable company lÉmited by guardntee, incorporated in England & Wales on 21 (ktober 2009 and registercd a5 a chaTitV Oll 27 April 2010. The objects 2nd powers of the company re established in lis Memorandum of Association and are governed by its Articles of Associalion. Th¢ ¢hariiy ¢ommen¢ed op¢rdtions on the date of ineorpordtion. The directors of the charitable o)rnpany (the charity) are its trustee5 for the purpose5 of the charity law and throughout this report e collectively referred to as the Trustees. Appointment Th¢ TTUSt¢es who held office during the fin8n¢ial year and at the date of this report are setout on toge l. The Tntses are appointed in accordance with th¢ rules set out in ihe Articles of A550ciation. liduction aDd Training ew trust¢e5 und¢rgo orientation to brief them on their lega] obli82tiort widereharity and c4)mpany lv, the content of tht Memorandum and Article5 oIAssocsation, the decision tnaking prts¢tss¢s, the jeaives 2nd slrdt¢gi¢s and r¢t¢nt finartci perfomjance of Madad. Organi5#ti0 The Board of Tru5tee5 is responsible for the overall strategy and dir¢rtion gf the charity and meet at Irdsi twice a year. The Trustees give their time on a voluntary and unpaid ba5l Th¢ Board of Trustees has also appointed an executive comtnittee to support them in the ana8ement of Madad's operation5. The Executive Committee is resrollsible for the day to day management of Jubilee Cour¢ a multig¢n¢Taljon31 housing d¢velopmeDI 2nd Teports to the trustees. The Executive Committee comprises staff and volunteer& whose skills and experi¢tJ¢e in propety anagement and social welfare Wrk have helped Madad to significantly fi]rther its objeetives. The Executive Committee meets regUlly.
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI MADAD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021- eontlttued Risk Management The Tru5tee5 have examined the principal 2reas of Madad'$ operations and have ¢onsid¢red th¢ major risk5 that could arise in these areas. In th¢ opinion of th¢ Tru5tt¢s. Madad appropriate procedur¢s in pla¢e, which provide reasonable assurance that the risks idenlifjed bv them are mitigated to an acceptable level. Major risks, for ihis purpos< are those that may have a significant etTect on.. Qua]itv and suitability of programm¢s; A¢hiev¢m¢nt of th¢ programme's airns and objectives- Availability of competeni volunteers to manoge the progratnm Availability of fundin8 tor the pro8rarnmes. JDterest of Board of Trustets No [neber of the Trustees had, at anytim¢ during lh¢ year, any interests in Madad i¥tLi¢h require to be dlsclosed in this report. OBJECTIVES, AIMS AND PRINCIPAL ACTIVITIES MadAd's obj¢¢tiv¢s as srt out in its Statutes are.. To provide Teasonable assistance in the securing of acc4)mmodation For those persons land their dependents livin8 With them) itt the Shia Itnami Ismaili Muslim community lthe 'Community'l who have need of such accommodation by Tson of financial hardship or so¢ial or ¢conomi¢ tl¢. their age. ill-health or disability, or other need. deprivation or disadvanta8e', bl To advanc¢ education and to provide facilities irt the irtterests of Soci ivelf8re for recreation or Dther leisure lime IpatIOn wth the objective of improving the condition5 of life of people in the Community. To advAllce the Shia Imami Ismaili Muslim faith. Due regard has been given to the publi¢ benef)t guidance as defined by the Charitie5 Commission. and Madad's ctiK'itieg take into accountthe Commission'5 public benefit criteria. The key areas of activity io achieve th¢ aEove objectivts, aims and activities aJY'. The operation of 74 multi-generational hou5in8 facility to provide housin8 for the most Inerabl¢ and tsolat¢d members of the Community. The provision of social, educational and cultural progrkmmes to residents of the facility, &q well as other elderlv members of the Community, enhancing their physical. mental, emotional aEJd spiritual well-being. The zbove objectives, aims and activities are achieved by mobilising resources includin8 rents, grants, contsibutions and donations in kind as well &8 human resour$ and exynise through collaknration with partnerorganisations, expert professionals And volunteers.
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI IADAD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021- eODtinoed CHIEVEMENTS AND PERFORMANCE During the yearto 31 D¢c¢mr 2021, Madad has continued to run Jubilee Court, a propety o)nsisting of 29 s¢lf- wntoined apattments. During the yeartwo vacancies arose, which were omptly filltd up. addition to housin& a key aspect of the project is the provision of purtK>5eful activities Inclu(ng e¢reational activities which are essential to the wellbeing of rhe elderly. Progrdmmes have been veloped to provide a mix of social. educational and cultural activitics which r¢fleLt the need for 52curitv, health and social suppori Spiritu reflection, productivity of time cotnpanionship. These include 5e5sion5 on k¢¢ping fit. library service, ledtsrts on areas of interest as well as soci21 ents such as lunches, afternoon tea and musical entertainment. Jubilee Court ha8 spaces for )mmunal gatherings and social activities as M'ell as a secluded garden which enables the delivery of these programrne5. These are sponsored by Madad and deliV¢d by members of staff and voluDt¢¢rs from the Community. The provision of a combination ot'accommodation and programTn£s gives the residet)ts of Jubilee Court an opporlunitv to live independently in a ci)mfortable and enabling environment within a irybrant cornmunity Trthich 15 aimed at enhancing their quality of life. Members of the ¢xe¢utive management committee regulary rneet the residents.-l-TUStees a150 mect Some of the residents 8t events held during the year. The feedback provided indicatrs a hi8h level of s2tisfaction. Where ea5 of improvement WCTe 5ugge5ted, the5¢ have been follod up by management. FINANCIAL REVIEW The book value5 of the assets held at the yeaT-end arc, in the opinion of ihe Board of Trustees, &% stated in th¢ fmancial Statements. Also. in its opinion. adequate assets areawailable to fulfil the Ibligations of Madad. A summary of thc result of Mthd'5 activities during the Y¢ is given in the Statement of Financial Activities on page I l. Total income from grants and donations amountrd to £6,952 (2020.. £5,631). Further operating irncome, pritnarily frotn renta] of the flats at Jubil¢e Court, amounted to £359.632 {2020.. £354.098}. L¥penses incurred during the yearto 31 December 2021 primarily relate tts the ¢osts of runnin8 Jubilee Coun and financing costs for the loan, Madad has secured and u5¢d to a¢qu5re and refurbish Jubilee Cout1. Loans outstanding as at 31 December2021 amounted to £561.61412020.. £594,270). The governance costs were made up of audit fees and l¢gal and professional expenses. The Yernance cost5 are approved by the Trustees. The total funds at 31 December 2021 wcre £3,151.99912020.. £2.97l3961. all of which re restri¢ted funds.
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI MADAD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021- eontinued RESERVES POLICY Mailad maintains unr¢strict¢d fund4 whieh are the free reserves of the charity, at a level that ss at least twelve months of committed expenditUTe. exclllding finoncing and other cost5 covered by committed renial income streams. Excess unT¢5tricted funds. to the extent represented by liquid assets, will be US to repay borrowin85 except where the Trustees consider that the fijnds should be retained for possible future projeas. Planning has been obtained to build nine extra units and surplus cash Teserves w'ill b¢ utilis¢d toward5 these units. IP4VESTMENT POLICY The Trustees have the wjwer to invest in such assets as they See fit. Madad's investment policy is appropriate to the nature of the funds for which the investment is held. The prirnary investment aim is to provide a htgh degree of s¢¢urity and liquid1 and to maximise returns whilst adopting a ¢onseJvative approach. GRANT-MAKJP4G POLICY The Tru5tee5 eonsidermakitt8 8rants as ¢ffe¢tive rneans tsf deliv¢ring supp)rt and a551Stanceto other progratnmes ihat fil Wlthin the objective5 of Madad. Th¢ Jubil¢e Court property also serves as a ¢tsmtllunity centr¢ for other elderly Jsmailis in the area. Th¢ multi-generntional housing f2¢ility is an ouiward-lookin8 initiatsve 2nd seeks to b¢eom¢ a p05itiv¢ comrnunity hub. The facility. lev¢rages ¢xi¢mal services and supports. and forms important linkages with other or8anisations serving nior5, whose services are accessible thn)ugh the fa¢ility. PLANS FOR THE FUTURE It is an important aspect of the JtJbil¢e Court project that the project providcs needy members of the Communit}. with good quality housing and purp05¢ful activitle5. Recre&tiona] activitie5 e55entia] to th¢ well being of any indii'idual and in particular to the elderly attd disabled. For many in these circumstanc, lime moves slowly and 45 loved on¢5 concentrat¢ on their own lives, it can and may lead to a feelin8 gf i501ation. Group activit1¢5 ar¢ one way of dealing i¥iih this isolation and giving the individual a 5¢n5e of belon8in8 and achievin8. Th¢ emphasis on Life Long L¢aming will continue to be a focus, within the parameter of stimulus for UPNlatinB skills and en¢ouraging mental engagement. Every facility and encouragement is given to the residents for the praaice of their faith. Facilities are in place for the residents to attend an Ismaili place of worship regularly and parti¢iPAte in religious observanc¢s. Madad plans to continue at it's Current level of activity. Ivhile constantly endeavouring to improv¢ the quality of service5 offered to the residents at Jubilee Court. VOLUNTEERS Volunteers are central to the eth05 and operations of Madad. They donaie their time and expertlse to implement pro8rammes. raise funds and to provide other services. Madad 15 very grateful for this generosity. The fjnancial value of this generosity has neither becn calculated nor included in the rinancial statements because it is dityicult to quantify in monetsry tem)s.
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI .ILIDAD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2Q21- Continued STATEMENT OF TRUSTEES, RESPONSIBILITIES Company law requir the director5. are referred to here as the Trustee5, to pr¢yare financial *atements for each fjnancial year which give a true and fair view of the State of affairs of the chaTLty the year end of its incoming resources and resourtes expended durin8 that year. In preparing 05¢ fu1¢8[ 8tat¢m¢nt5. the Tru5t¢¢s are r¢qLtir¢d to: • select Suitable accounting policie5 then appl) them con5iStently' • make judgments and estimates thai are Teasonable and prudent. state wheiher applicable accounting standards and statements of rewmmended practice have b¢¢n folloi¥ed Subject to any departures di3¢losed and explained in the fiJLkneial $tatements.' prepare the fjnancial statements on the 80in8 concern ba5i5 unless it 15 inappropriate to pr¢sum¢ that the Charity will continue in busin¢ss. The Trustees are r¢sw>nsible for keeping proper a¢¢ounting re¢ords, which disclos¢ with reasonable ¥curacy at any time th¢ financial p051tion of the charity and enuble them to ¢ll5u thèt the fIDancio1 statements comply iyiih the Companies Act 2006. They are a150 responsible tor safegUdIng the sels ot ihe charity and hence taking re¥onAble steps For the preverttion and detection of frdud and her irregularities. The Trustees hove complied with th¢ duty in section 17151 of the 2011 Charitie5 Act to have due regard to guidan¢¢ published by ihe Charity Commission li.e. public benefjt staiementl. The rep)rt is ppared in accordance the small ¢otnpany regime (Section 419121 of the Companies Act M)61. AUDITORS Faimian Harris were initially 2PFointed &8 auditors of the charity by the Trustees. In accordance with tion 487 of the Cotllpanie5 Act 2006, a resolution that Fairtnan HaTris be reappointed as Auditors the charity will be put to the Board of Tnle5. srATEMENT OF DISCLOSURES TO AUDITOR So tar as the Trustees are aware, there is no relevant audit intorniation of Mthich the company's auditor5 are unaw and bl They have tak¢n all the steps that th¢y ought to have taken as Trll$tees in order to ak¢ Ihetn5¢1v¢s alvar¢ of anv relevant audit infortnatiory and to ¢5¢8blish that the company's auditors are aiiareof that information. By dero the B0d o Trustees aU5had Nurdin Jivraj Chairman Date..
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI MADAD IirDEPENDENT AUDITORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 W¢have audited the financial stslements of Madad for the year ended 31 December 2021 which coÉThprise Statement of Finartci A¢iiviti¢s, Staiemeni of Finan¢ial Posiiion, Stst¢ment of Cash Flows and notes to the fillancial Statements, including significant accounting policie5. The fing]Jcial reprting framew)rk that has been applied in their preparation is oppli¢abl¢ law and United Kixgdom Accoullling Standards, including FRS 102 Th¢ Financial RertIng Standard applicabl¢ in theUK and Republic of Ireland (United Kingdom Generdlly Accepted Accounting Practice). In Jr opinion. the fjnartcial statement$'. give a true and fair view of the state of the Charity's affairs as at 31 December 2021 and of its income and ¢xpenditure for the year then ended- have been properly prepared in a¢cordatJ¢¢ w'ith Unit¢d Kingdom Generally Accepted Accounting Practice.. hav¢ been prepared in accordance with the requirements of the Charities Act 2011 Baals ofopinion Weconducted our audii in aOran¢e with Iniemational Stand8rits on Auditing (UK} USAS (UKII Andapplicable law. Our r¢spDnsibilities under th05¢ Standards are further described in th¢ Auditor's resp)nsibilities for the audit of the financial statements section of our rep)rt. We are independent of the Charity in a¢¢ordan¢e with the ethiul requirements thai are relevant to our audit of the fjnancial stattmellt5 in the UK, including the FRC'S Ethical Standard. and we hav¢ fuifillcd our other cthical resp)nsibiliiies in accordance with these requirements. We believe that the audit ¢vidence we have obtned is suffitieni artd appropriate to provide a basi$ for our opinion. Coueluslons ftlating to going concern Lrt auditing the financial Statements. we have concluded that the directOf5' use of the going concern ba$18 of accouniing in th¢ prepardiion of ihe finan¢ial ststemenis is appropriate. Based on the work ive have perfonn¢d, we have not idtntifjed any tn8t¢rial un¢¢rtainti¢s r¢latinB to events or conditions that, individuallv or collectively, may cast 518nificant doubt on th¢ charity's ability lo continue 2S 2 80in8 concem for a period of ai least 12 months from wl)en the financial statemellis are authorised for issue. Ourrespon5ibilities and the responsibilities of the directors with respect to going concern are described in the rel¢vani Sl0n3 of this report.
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI IADAD IYDEPENDENT AUDTTORS, REPORT FOR THE YEARENDED31 DECEMBER2021 -continued Other Inforniatio The trust¢es are responsible forihe other infomiaiion. The other infom)ation comprises the iThfonnAtion includd in the annual report other than the financial statements and our auditor's rewrt Ilereon. Our opinion on the financial statements does not cover the other infonnation and. exceptto the extent otheMs¢ explicitly stated in our reporL we do not ¢xprts5 any foTtn of assuTati¢¢ ojnclusion thereon. ID connection ivith our audit of the financi21 statements, our resnSIbility is to read the other ioftsrmation and, in doing so, consider wheth¢rthe other infomiatlQTi l5 materially inron5iStent the financial statements or our knoivledge obtained in the audit or otherwise appears to b¢ materially rniSStated. If we identify such material inconsistencies or apparertt maLerial misstalemettt$, we are requir¢d to determine whether th¢Te is a material mis51atement in the financial sta*ment5 or a rnaterial misstat¢m¢nt of the other information. If, based on the w'ork we have pertormed, we nclude that there is a material misstatement of this other information, we are required to report that fact. We hove nothing to report in this r¢gord. Matters which we are required to report by exeeption li the light of the knowledge and understanding of the Charity and its environmenl obtained in the )urse of the audit. we have not identified material mi8Staiements itt the Trustees. Annual RerK)rt. We hai'e nothing to report irt respe¢t of the following tnatters in resation to whi¢h the ChaTiti¢s Act 2DI l quir¢S u5 to report to you it-, in our opinion.. ad¢quate accountin8 records have not been kept or return5 adequate for our audit have not been reiVed from branches noi visiied by us the fJnancia] siat¢ments are not in agreement with th¢ a¢wunting records and rrfums: we have not obtained all the information and explanations nece558ry forth¢ purposcs of our audit: Ktsponsibllities of tbe trllstees As explained rnore fully in the tru5t¢¢s' re5pon5ibiliti¢5 St?teTn¢nt. thc tru5tee5 aT¢ Te5pon5ibl¢ for the treparation of th¢ financial statement5 and for being satisfied that they give a true and fair view, and ftsr Such internal control as they determine is necess2ry lo enable the preparation of tinancial statements that a fTee from Tnaierial tni55t#l¢snenL whether due lo fTaud or error. lrn prepaTingthe financial ststements. the trustees are resnSIble for assessing the Charity'5 ability to )ntinue as a going ¢on¢ern, disclosing, as applicable, mattrrs related to going con¢em and usingth¢ ing concern basis of accounting unless th¢ trustees either intend to liquidate the Charity or to ceas¢ Iyetations. or have no realistic alternative but to do so.
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI MADAD INDEPENDEFff AUDITORS, REPORT FOR THE YEAR ENDED31 DECEMBER 2021 continued Our Te5ponsibilities for the audit of the fiuancial statements Ourobjectiv¢s are lo obtain reasonable a55urance about whcther the fTllan¢ial statements a whole are free from material misstatement, whether due to fraud or error, and to Issue an auditor's report thai includes our opiniort. Re&%onable assurance is a high level of assurnnce, but is noi a guarantee that all audit conducted in accordancc ivith ISA5 IUKI will alway5 d¢t¢ct a material misstatement when it exists. Misstatemettts can arise from fraud or error and are considered material if. individually or in th¢ 88gr¢gat¢, they ¢ould r¢8x>n4bly be exp¢¢ted io influente the economtc de¢i5ions of users tak¢n on the basis of these financial statements. Irr¢gularities including fraud, are instances of nonwcomplianee with laws and regulations. We design procedure5 in line with ourrespon5ibilitie5, Outlined above. to detect mai¢rial mi5Statements in r¢sp¢¢t of irregularities. in¢luding fraud. The exient io which ourprocedures are capable of detecting irregulariti. including fraud is detailed below.. The extent to svhich the audit was tonsidere41 cable of detecting irreguIaritie5 including fralld Ourapproach to identifying and asse551ng the risks of material misstatement in respeci of Irre8ularities. includin8 fraud and non-compliance with iaivs and regulations. was &8 follows.. the engagemertt partner ensured that the eng2gement team collectively had the appropriate cornpetence, capabilitie5 and ski115 to identify or r¢cogtLi5¢ [lonop11a[lce With applirable laws and re8ulatiotts; we identified the laws and regulations applicable to the company through disru$$ion$ with directors and othermzna8ement, and from our commercial knowledge and experi¢nc¢ of the industry. we focused on specift¢ laws and gUlationS wht¢h ive considered ma> have a direct material effcct on the financial statements OT the opeTatiOll5 of the ¢ompanyy including the Compani¢s Act 21>06, data protection. anii-money-launderin8, ernploymen¢ environmental and health and safery legislation,. we assessed the extent of complianceTriryth the laws gnd regulation5 identified aEove through making enquiries of management. identified laws and regulations were communicated within the audit teaTn Tegularly and the team remained alert to install8 of non-compliance throughout the audit. We #s$ess¢d tli¢ Susceptibility of th¢ COrnnY,$ fJn8n¢ial stat¢m¢nts to materi21 misststement. including obtaining an understanding of how fraud occur, by.. ming enquiries of management 8$ to ts¢re they considered there w&8 susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; considering the int¢mal controls in plaee io mitsga risks of fraud and non-compliance with laws and regulations
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI KADAD I¥DEPENDENT AUDITORS, REPORT FOR THE YEAR ENDED31 DECEMBER2021 To address the riskof fraud through management bias and overrid¢ of ntrol$. we.. pOrnIed analrtieal procedures to tdentify any unusual or unexpe¢ied r¢lationships,' tested joumal entTies to identify unusual transactions: 8sse8sed whether judgements and assumptions made in detemiining the a¢wunting estimates set out in note I were indicativ¢ of potential bias,. and investigattd the rationale behind $ilficant or unusual transactiolls. ITr response to the risk of irregularities and nOnwcomplian¢e iwth la and regulations, we d¢signed tro¢eduTes which included, but were not limited to: agreeing tinancial statement diselosures to underlying supportin8 (k>cumentation' reading the mit)utes of meetings of those Charged wi¢h goveman¢¢' ertquiring of managetnent as to artual and PDtential liLigation and claims., and reviewing correspondence with HMRC. There are inherent litnitation5 in our audit proccdure5 described above. The more removed that laws d regulations are trom fittancial transactions, the le$s likely it 1$ that we would become ai¥are of ron-tompliance. Auditlllg 51andard5 also lirnit the audit procedure5 required to identify non. u)mpliance with laws and regulation5 to ¢nquiry of the directors and other rnana8¢ment and the iispection of reBulatory and legal correspondertce, if any. Material misslatemenls that aTiSe due to frdud b2 harder to d¢te¢t than those that arise froTn error a5 they may involve deliberale ¢ealment OT collusion. A further description of our responsibilities for the audii of rhe finan¢ial stateD)enis is located on the Financial Reporting CollnLil's website aL' IwMW.fr¢.OTg.uklauditorsTeSnSIbl1ItscSI. This thTlPtiOll foTtn5 part of our authtor's report. Ist of our report This report Is made solely to the Charity's trusiees, as a LdY, in a¢¢ordan¢¢ with se¢¢ion 144 of th¢ Chartues Act 2011 stjd the TegL]lations mttd¢ und¢r section 154 of thut Act. Our audit work has b¢¢n dellaken so thai we mEght state to the ChaTity'S tru5tee5 those rnatter5 we are required to State to them in sn auditor's report and for no other purpose. To the fullesi extent pemiitted bv law, we do rot accept or assume responsibility tts anyone other thall the Charity's trustee5 a5 a body, for our dii work, for ihis report, or forthe opillions we have foTm¢d. FAHREEIY MEGHANI FCA (Senior Statutory Auditor} FaiiThan Harris 2rteTed A¢¢ountants and Registered Auditors Date.. . Day of ..............2022 Jun 22 2022 l L2nth)r Road Lotldon SW9 9RX io
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI MADAD STATEMENT OF FINANCIAL ACTIVIEs {INCLUD(NG I.NCOME AiYD LVENDITURE ACCOUNtI FOR THE ITAR ENDED 31 DECEMBER2021 Unre$trttttd funds Restrlrted funds 2021 Tot41 2020 Tot#1 Notss INCOMING RLSOURCES Intome and ¢ndowments from: 4titsiis 4iidTle thctes Gronts and Donation5 952 6,952 5.651 Ch8rtidble ttthv Renial income es 355,845 355,845 350.646 oiheriN¢ome Miscellaneous income Interest r¢Lxivabl¢ Gains fromth¢ revaluation of fixed a55ets 3,787 50 3,787 50 3,452 280 149.920 Total income 366.634 366.634 5G9.929 RESOURCES EXPENDED Expenditure on.. Chrtritqble oclivrfle&.- (Costs ofathivities in furtherance of the objetts of the charityl Administrattve exptn8es Gov¢nw]ce costs Financing costs Deprtciation Total expenditure 119,844 4,861 17,176 44.150 186,031 119,844 4,861 17,176 44.150 186,031 17,070 7,444 18,824 45.908 189,246 Plet movement ill funds for the yt*r Balance brought foniard 180,603 2.971.396 180.603 2.971,396 320.683 2.650.713 TotAI Fullds as At 31 Deetmber 2021 3,151.999 3,151,999 2,971.396 All of the abov¢ rults ar¢ deriv¢d frotn continuing activities. A]1 gain5 atld losses r¢cognis¢d sn the year are included in the above. The no125 on pages 14 to 18 form p&rt (kf these financial slatetnents. li
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI STATEMENT OF FINAf+iciAL POSITION YEAR ENDED31 DECEMBER 2021 2021 2020 Notes FIXED ASSETS l&ngibl¢ assets 3.194,769 3.223.993 Current assets Dcbtors Cash at ba]th and in hand 6,608 546,809 553.417 22,113 354.813 376.9?6 Creditors.. amounts falling du¢ withtn one year 10 167,229) (65,25SI Net eurrent assets 486.188 311,671 3,680,957 3,535,664 ereditors.. amounts falling du¢ afier more than one year (528,9581 (564,268) Net #ss¢ts 3.151,999 2.971,396 FUNDS Inrestricted 3,151,999 2,971,396 lotal funds 15 3,151,999 2,971.396 ApproY&l The financial ststements on page5 1 I to 18 were approved by the Board of Trustees on the . and were signed on its behalf by.. Nillshad Nurdin Jiv TNs*e aj 12
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI ADAD STATELIqEIYf OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021 2021 Total 2020 Total Notes Net tasb (outfloiv)linfloTY from operating activities 14 256,019 232,304 Returns oll investments *lld Servlclng of flnanee Interest received Interest paid Net repayments of amounts borrowed 50 (16,491) {32,656) 280 (18,160) (31,207) Cash from investment activities Purchase of fixed assets Proceeds from sale of tangible fixed assets Cash flows from financing activities Nel Proceeds fTOtYL bank borrowings Proceeds from other loans (14,926) (39,423) Net (Decrease) I lllcregse in e4$h in the p¢riod 191.996 143,794 Cayb #t bank and in band at l January 354,813 211,019 et cash resources at 31 December 546,809 354,813 The noles on pages 12 to 16 forni part of these financial statements.
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI liOTES TO THE FIANCIAL STATEME.NTS FOR THE YKAR ENDED 31 DECEMBKR 2011 General IMf¥rmallo Madad is B company linllted by guaTBntee. inCOTpofdled m England and Wale5. Its registered office isjubilet Court, 331 East Lane, Wembley. MiddleseK, HAO 3LB. l. PriDeipal accountig po]icie5 The folloWg aOUnting policies hgve bccn applied ¢onsist¢nUy in deBillJgwith items wbith ate tonsidered Jllaierial relaiion to the ¢harity'S fth8rtcial simertts. Bayb of preparatlo The financial statetnents have been prep2red underhistorical c05t convention and accordance with Aecovniing and REPQrting b!. Charitie5" SiateTnenl of RecotntnendEd Practi¢¢ 8ppli¢able 10 ¢hariti¢s preparing Ih¢iT a¢wunls accoidanceMryththe Financial RepOrtg SlJndaTd opplicable fft the UK Republi¢ of ]relattd (FRS 1021 leff¢ctiv¢ l Jattuw 20151 andihe Companies Act 2016. Madad meeL8 the definilion ofapubli¢benefil eniity under FRS 102. Assets and liabilitics ar¢ inioallyrecogriwd htorical cost or tr3n5action value unless othenvise slatal in the re]evanl accounting polity noielsl. Fund Structure Genernj funds are unresiricied availabl¢ for use al Ihe discreiion of Ih¢Trust¢es in fih¢[an¢t of thegeneral objecttv¢s ofthecharity gnd which have not been Iksigllaied for1h purposes. ResiTiCted funds accouiit for sima110115 Ivhcrc a donor Tequiras that adonation tnusi b¢ sp¢nt on a parti¢ularpurp05¢ or thcrc funds hav¢ been r81s¢d for a5pe¢ifJ¢ pwp05e Property> Ind eqmlpmtmt T?Bible fixed se¢S are ststed ai Iheirpur¢hwpri¢e, wgetherivith any in¢id¢ntsl ¢¥P¢D%S of aqul5jln Ikpreciallon is provided on all iangJTrle fixed 3Ssets. from the dates they are brougbl illtoijse, ai rateg¢al¢ulat¥J h) wiite Dffover their Expetled USEful lilt." Freehold property IBuilduJg51 Plant andThU]ery Moioi vehicles Furntture and fi.Ywr¢s Officc and othcrcquiptncllt I'h Straigbi Line 20Yo Redu¢in8 Balajjce Method 20Vo R¢ducin8Baiance Method 21Wo Reducin8 Balance Method 33.3% Str81 Lu 14
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI MJDAD P40TES TO THE FINANCIAL STATEMENTS FOR THE Tr'EAR ENDED 31 DECEMBER 2021 lrtcotht Valunlary incony c¢)rnprising 8Tants and donations provid&% fijttding amd is of ageneral naDJT¢. This is T¢¢ognised where IheTe is entitlemen( Certa. of receipt andthe a[rUntc4n be rno%ured with $ufficient reliability Rental corne is iecoBTJised on e7v8b1¢ bas. The value of services provided by volunteets is Jjot iDtorpoiaied 10 these statements. Furthet deiads of the contributions tllad¢by volunie¢rs can b¢ found in lh¢ Trusitt's Report. Exp¢nditsre Expendituie ts retogllised on an accwais basi$ &s ii8bility is iDCWt¢d. Chantsble incojne and expEnthtute is Hjlocated lo the respective Bciivilies and any shonfall is fijnded from ntricted funds Goven]ance costs include ihose costs associated with rneetinglhe con51itutionai andle8al requitenJEnts ofthe charity Irrecoverable VAT i% Charg aga51 the cegoryof resourctt expeoded for wb]"¢h it was in¢Lured. 2. m*M#gemtDt ptrsonThel ¢omptn52ti0n No emolumenis ll'er¢ paid io the Trusw. Th¢Ttee5 did notclaim, Jy)rT¢ceive, reunbursenKni of ses J¢utTed bv them in the course oftheirdulies. 3. Employt¢ information The avera8e number of employees forth¢y¢Hr lo 31 D¢ttmb¢r 2021 w45 212029.. 21. 4. Yoluntsry income Ullrcstricled Restricted 2021 2020 Totsl GT8nts amd Don101)S 6,952 6,952 5.631 6.952 6.952 5.6il 15
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI NOTES TO THE FINANCIAL STATEMENTS FOR TIJE ENDED 31 DECEIBER 2011 5 GovernaD¢e ¢osts Th¢ govanance costs of th¢ chariry consisted of the following $t. Unrestrlct¢d (url 2021 202 Total Audit fees Legal ad piofessiot 3.000 3,000 1,861 4.861 3.000 4,444 7.444 4.861 Nti kntomt ItspElldilure) The net incomith8resourees are stèied after ¢haTging the folloWg costs". nrestricttd 2021 2020 Auditors, remuneraion 3.000 3.000 3.000 7 Proptrty. plant and oqllipmtnl AllaFsetsurE heldforchurilablepurposes lTrveJtment Fre¢hul Mofor rjxluru & 20ZI 2020 Cost AI OI10112021 400.800 2,921,617 346,262 3,706,91)4 3,517,561 Rccla55ification Addiuons Revaluation Disposa]s AI 3111212021 14,926 14,926 39.423 149.920 400,800 2.936.543 346262 3,721030 3.706.904 cltlott AI OIK0112021 Charg¢ foTtht year On disp05als AI 3111V2021 209.650 21,565 27.634 245.627 20.467 482.911 44,150 437,IK)3 45,908 29.752 266 094 327.061 482.911 AI 3111212021 400.800 1705.)28 8.473 80.168 3.194 769 3.223.993 At3111Y2020 2.711.967 10.591 100,635 3223,993 3.080.558 £14,926 additionsto freeholdproperty represents buildingwork in pr(k8r. ID the opinion of the direciors. there no ch8nge m the value of VestMent property. The direciots have enteT&I t0 all OPtiOIi 8wemEntwith atljirdparty to dispose of the Che$s¥t0 site (the investnl properyl. Th¢ opiion asr¢¢ml is condiiional or) th¢ obwDingof planniThgcons¢nton this w b¢lt parcel of and has a longslop expiry 6a of 7 D¢ctmb¢r 2027. 16
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI MADAD NOTES TO THE FINAliC.IAL STATEMENTS FOR THE YEAR ETrIl)ED 31 DECEMBER 2021 8. D¢blors 2021 Trade receivfjble$ PrepSSrynts accnjed th¢OLne 19.762 2.351 4.445 6.608 9. Ca5tt and cllsh tquivltents 21 Nei cash (ouiflowllinflow duiing the period 191996 191,996 143.794 143,794 10. Creditor5- amounts falling due wsthin l year 2021 AccrUS Bankloart due withirt l year Oth¢T payables 5,814 32,656 28.759 67.229 9,483 30,002 25,770 65.255 I l. Crtdltors: Imounts filllrtg dut ifttrmott thill l ye*r 2020 Banklog 528,958 528,958 564,268 564,268 12. BxDk 02D Crethtors Jnclude". Amunts f8lluJg due for payment oftumore than five year5 Secured bBnk loans 398,334 561.614 444.260 594.270 The bank loan i8 secured by firsi legal ¢harge overthe residential fieehold property as Jubilee Court, 327,329 & 331 Easi Lane Wembley Midd1¢5¢x HAO 3LB and also an unlimit¢d fLY¢d ¢harg¢ and floating debenture barge 17
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI 4DAD NOTES TO TIIE FIYANCIAL STATEMENTS FOR THEI'EAREliDED31 DECEMBER2021 T•satto The compamy is arewsiered chaT]iy and is noi liable to cotpot&tion on its chHritable activities. Gift sid donations forwhich dec13tations have been receiv¢d from th¢ r¢5pe¢tsv¢ donors ¢onftrn)ing thatthe giv¢n donaiion b¢ Ireatcd as Aid don10 are re¢laimed by the CDtnpanv I'thc Charity'l 14 RtcoDcili¥tioD of Tr¢t movtment in rtsour¢ey to n¢ttAyh flow from operAtiug Activltle 2021 2020 Operaiingprofii Depreciation on wi8ibl¢ D¢(rSe lincregI deblot5 In¢re8se Ide¢r¢aKI In creditors cash ]ttflowlloutflowl from operatiDg xtivities 197.044 44,150 15.505 16801 256.019 188.643 45.908 12.8121 565 232.304 IS. Rtconcijiation oifunds Balances ai Movtmtnt In Bdances ai 11202 ollj 1112r1021 UtiFestricted f5]D fj¢n¢ral 2,971,396 2.971.396 366.634 3,151.999 366.634 3.151.999 Rèpresented b>.. Fixed Asset5 Curr¢ni A55eis 3.194.769 553.417 1590,1871 3,151,999 3.223,993 376.926 1629,52Jl 2.971,396 16 Rtjated party IransaetLOIIS There wete no tt¥lltsa¢iions with lted partie5 duriD8theyearunderrevi¢w. 17 Events Afttr th¢ ¢Dd of r¢porting period Planning fornujc extraunits been obiaiDed and th¢ construction w¢rk b¢sng ¢onsider¢d. 18
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI MADAD INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 2021 ioio INCOME Donations and le¥acies.' Granis and Donations 6,952 5.631 6,95? S,631 Oiher income Inter¢st re¢eivobl¢ Rent receivable Miscellaneous ineome 280 350,646 3,452 355,845 3,787 359.682 354,378 366,634 360,009 EXPENDITURE Adminislr¢llve Expenses.. Council tax and water rates Light and heat Insuranc¢ Telephone and fax Computer and int¢m¢t Cost Printin& postage and stationery Salarie5 Pensions EmployeTS NIC Repair5 and maintenancc Motor and travelling Other charitable activiues Staff welfare Subscription Sw)dry exp¢nses 4,744 7,764 5.835 1,271 265 136 57.185 856 770 29,530 10,637 4.753 7,072 3.901 1,103 255 119 48,565 857 696 36,338 300 300 144 327 I 17.070 300 407 119.844 Governunce costs.. Legal & profe55ional Audit fees 1.861 3,000 4,861 4,444 3,(X)O Fimunce Costs." Batth charges Bank loan interest 685 16.491 17,176 664 18.160 18,824 Balart¢es carried forward 141,881 366,634 143,338 360.009 19
Zoho Sign DocumÈnt ID". BCADOPNUJ1 F9MTRRV41G 2 802FFKW7ECVVLAHZUUUI hlADAD JYCOME AND EXPENDITURE ACCOUNT- continued FOR THE YEAR ENDED 31 DECEMBER 2021 Balan¢¢s brought fon¥ard 141,881 366,634 143,338 360,009 Deprecioliom.. Freehold property Furniture and fixtures Motor vehicles Office and other equipment 21.565 20.042 2,118 425 44,150 20.965 22,083 2,648 212 4S,908 1186,031) (189,246) rplus for the year 180.603 170,763 20