Annual Report and Accounts 2020-21
www.almizantrust.org.uk
CAN Mezzanine, 7-14 Great Dover Street, London, SE1 4YR
Registered Charity No. 1135752 and Registered Company No. 7228603
Al-Mizan Charitable Trust 2020-21 Annual Report and Accounts
Legal Information
Al-Mizan Charitable Trust is governed by a Memorandum & Articles of Association, which was adopted on 1 January 2010. The organisation was incorporated on 20 April 2010 and registered with the Charity Commission on 29 April 2010. The organisation’s objects are charitable and are outlined in its governing document as follows:
“The provision of goods, services and grants of money for any charitable purpose or purposes connected with or relating to the advancement of education, the relief of poverty, need or hardship, the preservation of health and other purposes which are charitable according to the laws of England and Wales, among the peoples of the United Kingdom mainly but not exclusively.”
The Trustees of the Charity are also Directors of the Company. They are legally responsible for the organisation, and govern its strategic direction.
Administrative Information
Address: CAN Mezzanine, 7-14 Great Dover Street, London, SE1 4YR Website: www.almizantrust.org.uk Email Address: admin@almizantrust.org.uk
Twitter: @AlMizanTrust Facebook: fb.com/almizantrust Instagram: @almizantrust YouTube: youtube.com/almizantrust
Board of Trustees
Mohamed Mishal Chair Musa Naqvi Trustee Zahid Iqbal Trustee Abidali Alibhai Trustee
Management Committee
Ali Khimji Director Abbas Dhalla Finance Officer
2
Al-Mizan Charitable Trust 2020-21 Annual Report and Accounts
About Us
Al-Mizan Charitable Trust supports people living in poverty across the UK, regardless of their faith or cultural background. Although Britain is perceived as a wealthy country, one in five people live below the official poverty line and struggle with the rising costs of living. The welfare state also does not provide access to skills and opportunities to help people better their circumstances or equip people with sufficient savings to deal with a life crisis or change in circumstances.
Through the General Welfare Fund, the Trust provides small grants, which help with the costs of education and training, employment and enterprise, household items, medical and mobility, and subsistence. The Trust operates a flexible Grants Policy, which is designed to meet a person’s individual needs. Beneficiaries include children and young people, single parents, elderly people, victims of domestic violence or abuse, asylum seekers and refugees, prisoners and ex-offenders, disabled people, and the working poor.
The Trust is a member of the Association of Charitable Organisations and adheres to all recognised models of good practice and quality standard.
Vision
To break the vicious cycle of poverty in the UK.
Mission
To support disadvantaged people and deprived communities across the UK, regardless of their faith or cultural background.
Values
Accountability – We consider every donation, both large and small, to be a pact between us and the donor, which is based on trust and a mutual responsibility to those in need. We scrutinise every expense to ensure that your donation is spent wisely in combating disadvantage, deprivation, and poverty.
Compassion – We provide the best possible support to everyone that approaches us, in order to help them break out of the cycle of poverty.
Effective – We work with our beneficiaries to identify the appropriate type of support we can offer them, which will ensure that we can make a lasting impression on people’s lives.
Equality & Fairness – We value the diversity of all humankind and we pledge to ensure that our policies and procedures do not discriminate on any grounds. We invest in the betterment of all society, irrespective of creed, culture, or personal circumstances.
Respect – We recognise that asking for help is not easy and we promise to treat you with respect throughout any interaction. We are committed to providing a fair and confidential service to everyone that approaches us for support.
3
Al-Mizan Charitable Trust 2020-21 Annual Report and Accounts
Trustees’ Report
The Trustees present their report and accounts for the period ended 31 March 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Al-Mizan Charitable Trust’s governing document, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
Approved by the Trustees on 29 January 2022.
Mohamed Mishal Mohamed
Chair of the Board of Trustees
Accounts
Statement of Financial Activities including Income and Expenditure Account for the period ended 31 March 2021
| Unrestricted | Restricted | Total (2021) | Total (2020) | ||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Incoming Resources | |||||
| Voluntary Income | 2 | 6,027 | 108,581 | 114,609 | 51,619 |
| Activities for generating funds | 3 | 196 | 2,792 | 2,987 | 3,078 |
| Investment Income | 4 | 26 | 0 | 26 | 57 |
| Total Incoming Resources | 6,248 | 111,373 | 117,622 | 54,754 | |
| Resources Expended | |||||
| Costs of generating voluntary income |
5 | 5,384 | 753 | 6,137 | 4,607 |
| Fundraising Trading Costs | 6 | 0 | 0 | 0 | 0 |
| Charitable Activities | 7 | 0 | 70,701 | 70,701 | 33,740 |
| Governance Costs | 8 | 466 | 0 | 466 | 266 |
| Total Resources Expended | 5,850 | 71,454 | 77,304 | 38,613 | |
| Net Movement in Funds | 398 | 39,919 | 40,317 | 16,141 | |
| Total Funds Brought Forward |
15,389 | 31,205 | 46,594 | 30,454 | |
| Total Funds Carried Forward |
15,787 | 71,124 | 86,911 | 46,594 | |
4
Al-Mizan Charitable Trust 2020-21 Annual Report and Accounts
Balance Sheet as at 31 March 2021
| Balance Sheet as at 31 March 2021 | |||
|---|---|---|---|
| 2020 | 2020 | ||
| Notes | £ | £ | |
| Fixed Assets | |||
| Land and Buildings | 186,850 | 186,850 | |
| Current Assets | |||
| Cash at bank and in hand | 86,911 | 46,594 | |
| Debtors | |||
| Creditors: amounts falling due within one year | 0 | 0 | |
| Total assets less current liabilities | 86,911 | 46,594 | |
| Provisions for liabilities and charges | |||
| Net Assets | 273,761 | 233,444 | |
| Income Funds | |||
| Restricted Funds | 10 | 71,124 | 31,205 |
| Unrestricted Funds | 202,637 | 202,239 | |
| Total Income | 273,761 | 233,444 | |
5
Al-Mizan Charitable Trust 2020-21 Annual Report and Accounts
Notes to the Accounts for the period ended 31 March 2020
1. Accounting Policies
1.1 Basis of Preparation
The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, “Accounting and Reporting by Charities”, issued in March 2005, and the Charities Act 2011.
2. Voluntary Income
| 2. Voluntary Income |
||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total (2021) | Total (2020) | |
| £ | £ | £ | £ | |
| Donations | 786 | 102,477 | 103,263 | 45,877 |
| Gift Aid | 5,241 | 6,105 | 11,346 | 5,742 |
| Total Voluntary Income | 6,027 | 108,581 | 114,609 | 51,619 |
3. Activities for generating funds
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Events | 0 | 178 |
| Rental Income | 0 | 0 |
| Other Income | 2,987 | 2,900 |
| Total activities for generating funds | 2,987 | 3,078 |
4. Investment Income
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Interest Receivable | 26 | 57 |
| Total Investment Income | 26 | 57 |
5. Costs of generating voluntary income
| Staff Costs | Other Costs | Total (2021) | Total (2019) | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| IT & Telephony | 0 | 2,870 | 2,870 | 2,906 |
| Rent | 0 | 147 | 147 | 238 |
| Consultancy | 0 | 2,000 | 2,000 | 0 |
| Insurance | 0 | 0 | 0 | 0 |
| Management & Processing Fees | 0 | 808 | 808 | 834 |
| Marketing Expenses | 0 | 0 | 0 | 218 |
| Training | 0 | 144 | 144 | 0 |
| Fundraising | 0 | 69 | 69 | 62 |
| Subscriptions | 0 | 100 | 100 | 350 |
| Total costs of generating voluntary income |
0 | 6,137 | 6,137 | 4,607 |
6
Al-Mizan Charitable Trust 2020-21 Annual Report and Accounts
6. Fundraising Trading Costs
| 6. Fundraising Trading Costs |
||||
|---|---|---|---|---|
| Staff Costs | Other Costs | Total (2021) | Total (2020) | |
| £ | £ | £ | £ | |
| Events | 0 | 0 | 0 | 0 |
7. Charitable Activities
| Staff Costs | Other Costs | Total (2021) | Total (2020) | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Grants to Individuals | 0 | 0 | 0 | 12,484 |
| Grants to Organisations | 0 | 0 | 0 | 0 |
| Campaigns | 0 | 70,701 | 70,701 | 21,257 |
| Total Charitable Activities | 0 | 70,701 | 70,701 | 33,740 |
8. Governance Costs
| Staff Costs | Other Costs | Total (2021) | Total (2020) | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Governance Costs | 0 | 466 | 466 | 266 |
| Total Governance Costs | 0 | 466 | 466 | 266 |
9. Employees
Number of Employees
The average monthly number of employees during the period was:
| 2021 | 2020 | |
|---|---|---|
| Administrative and Finance | 0 | 0 |
| Total Number of Employees | 0 | 0 |
| 2021 | 2020 | |
| £ | £ | |
| Self Employed Staff | 0 | 0 |
| Total Salary Costs | 0 | 0 |
There were no employees whose annual remuneration was £60,000 or more.
10. Restricted Funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Movement in Funds | Movement in Funds | |||
|---|---|---|---|---|
| Balance at 1 April 2020 |
Incoming Resources |
Resources Expended |
Balance at 31 March 2021 |
|
| £ | £ | £ | £ | |
| Restricted Funds | 31,205 | 111,373 | 71,454 | 71,124 |
7
Date: 28/01/2022
Independent ���������� Report to the Trustees of Al Mizan Charitable Trust
I report on the accounts for the period 01[st] April 2020 to 31[ST] March 2021.
Respective responsibilities of trustees and examiner
�����������������������(who are also the directors for the purpose of company law) are responsible for the preparation ��������������������������������������������������������������������������������������������������������������������������� Charities Act 1993 (the 1993 Act)) and that and independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
Examine the accounts under Section 43 of the 1993 Act
-
To follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43(7)(b) of the 1993 Act); and
-
To state whether particular matters have come to my attention.
������������������������������������������
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts ����������������������������������������������������������������������������������������������������������
��������������������������������
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
-
To prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of recommended Practice: Accounting and Reporting by Charities.
Have not been met; or
- To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Ali & Ali Chartered Certified Accountant
360 Neasden Lane North London NW10 0BT Tel: 02084506623