M uslim Institute Trust Lld
Charity No. 1137088
Company No. 07258525
Trustees. Report and Unaudited Accounts
Year ended
30 June 2023
111111
11
ACFTF803'
0711112023
COMPANIES HOUSE
J)7
#31

Muslim Institute Trust Ltd
Contents
Pages
Reference and AdministratNe Delails
Strategic Report
Trustees, Annual Report
Statement ol Trustees Responsibilities
Independent Examiners Report
Slatement ol Financial Aclivities
Summary Income and Expenditure Account
Balance Sheet
Notes to the Accounts
10t015
Detailed Statement of Financial Activities
16to17
Page 1

Muslim Institute Trust Ltd
Reference and Adminislralive Details
Trustees
A. Barkalullah
H. Mahamdallie
A. Siddiqui
Z. Sardar
S. Miah
S.A.M. Naguib
S. Hanif (Appointed on 02107120231
Principal Office
Canopi
7-14 Great Dover Street
London
SE14YR
The charity is incorporated in Uniled Klngdom
Company Registration Number
07258525
Charity Registration Number
1137088
Independent Examiner
Incrsive Accountlng Limited
52 Grosvenor Gardens
London
SW1W OAU
Page 2

Iwubiim Institule Trust Ltd
Strategic Report
The trustees, who are directors for the purposes of company law. present their strategic Teport
for the year ended 30 June 2023, in compliance wlth $414C ol the Companles Aet 2006.
The straleglc report was approved by the truslees ol the charity on 01 September 2023 and
signed on its behalf by..
A. Barkatullah
Trustèe

Iviu¥iim Institute Trust Ltd
Trustees Report
Th8 trustees, who are directors lor the purposes of company law. present the annual report
together wlth the financial statements ol the charitable company lor the year ended 30 June
2023.
Oblectives and activities
Objects and aims
The otsjectives of the Charlty is lo explore. deljate and dlscuss the presslng Intellectual
problems and Issues laclng British Muslim communities and wider society,. encourage and
support the putsurt ol excellence in knowledge and thouuht as an auent ol posltlve change,. and
provide an intelleclval spaoe where problems and issues ean be discussed Irom multlple
perspectives.
Trust Framework
The Tr￿st has contlnued to prowde an open space where issues of plurality. equality and
tolerance can be discussed openly and frankly with emphasis on intellectual rigour.11 has
continued to support the publication of the quarteTty Critical Muslim, organise the annual
winter oatherlng and the prestigious annual Ibf> Rushd lecture. and to hold regular conlerences,
semlnars and discussion groups involving aeademlcs. Wflter5 and aGlivists on a range oi
impoftanl issues.
Prospects
The trust's luture remalns bright, its actlvities are considerable. Critical Muslim Is now regarded
as a major, prestigious put¢lication that has acqulred an inlernational reputation lor Its
Innovativè contenl. Attendance al Its annual Winler Gathering and lectures are much coveted.
Its contribution In debate and dialogue on cofflmunity issues is beino recognised and the Trust
Is emerglng as a point of contaci on issues relating to the Muslim cotrtmunities.
The Trustee5 have maintained the integAty and good ftame ol the Trusl. They continue to use
excess reittal income and fellowship lees to malntaln their activities.
The annual report was approved by the trustees of the charity on12 October 2023 and ￿llned
on ils behall tsy:
A. Barkatullah
Trus188

p L¢U
statement of Trustees Responsibilities
The Injstees (who are also the directors of Musllm Institute Trust Ltd for the purposes ol
company lawl are responsible for preparing the trLtstees' report and the financial statefflents in
accordance wlth the Uniled Ktngdom Accounting Standard5 Iuniteii Klngdom Generally
Accepted Accounting Practlcel and appllcable law and regulations.
Company law reoulres the truslees to prepar8 linanclal statements lor each linanclal year.
Under company law the Irustees mvst not appiove Ihe linancial slatements unles5 they are
satislied that they glve a true ano lalr wèw of tile state ol aflairs of the charitable compatry and
ol Its Incoming resources antl applicalion ol reSOu￿es. Intluding Its income and expenditure,
for that period. In preparing these financial statements, the trustees are requiTed to-
• select sullable accounting policie5 and appty them consistent
• observe the methods and prtnclples In Ihe Charitie5 SORP:
make ludgements and estlmates that are reasonable and Prudent:
slate whether applicatsle UK Actounting Standards have been followed, subject to any
materfal Oepartures dis¢losed and explained in the financial Statements- and
prepare the linan¢ial statements on the goino concern baski unless St is inappropriate to
presume Ihat Ihe charltable company will contlnue in buslness.
The trustees are fesponsible tor keeplng attequate a¢coufttlng records that are sufficient lo
show and explwn the chariiable Gompany'3 lian3aclions and disclose with reasonable accuracy
at any time thè finaneial position ol the chaTltatsle company and enable them to ensuie that
the linancial staternents compty with Ihe Gompanies Act 2006. They are also responsible lor
safeguarding the assets ol the charitable company and hence lor taking reasonable steps for
the prevention and delection of fraud and olhei iriegularities.
Approved by Ihe Irustees ol the ¢haTity on 01 September 2023 and 5igneO on Its behalf by..
A. Barkatullah
Trustee

M uslim Institute Trust Ltd
Independenl Examiners Report
Independent Examiner's Report to the trustees ol Muslim Institute Tiusl Lld
I report to Ihe charity trustees on my examination of the financial statements of Muslim Institute Trust Ltd
foT the year ended 30 June 2023.
Responsibilities and basis ol report
AS the charity's trustees of the company (and also its (lirectors lor Ihe purposes ol company lawl you are
responsible lor the preparation of the financial statements in accor¢Jance with Ihe requirements of the
Companies Acl 20061.lhe 2006 Act.
Having salisfied mysell Ihat the financial statements of the Charity are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of
your charity's financial slalements as carried out under section 145 ot the Charities Act 2011 I'the 2011 Act'l.
In carrying out my examination I have followed the Directions given by the Charity Commission under section
145151 Ibl ol the 2011 Act.
Independent examiner's statement
I have completed my examination. I can contirm that no material matters have come to my atlenlion in
connection with the examination giving me cause to believe..
accounting records were not kept in accordance wilh Section 386 01 the 2006 Act . or
• the financial statements do not accord with those records., or
the financial statements do not comply wilh the accounting requirements under secllon 396 of the 2006
Act other than any requirement that the financial statemenls give a 'true and fair, view which is not a
matter considered as part of an independent examination., or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement ot Recommended Piaclice for accounting and reporting by charities applicable to charilies
preparing their accounts in accordanGe with the Financial Reporting Slandard applicable in the UK and
Republic of Ireland IFRS 1021.
I have no concerns and have come across no olher matters in connection wilh the examination to which
attention should be drawn in this report in order to enable a proper underslanding of the financial
statements to be reached.
Yasar Khan ACA
Incisive Accounting Limlted
52 Grosvenor Gardens
London
SW1W OAU
12 October 2023
Page 6

Muslim Inslilute Trust Ltd
Statement of Financial Activilies
for the y,ear ended 30 June 2023
Unrestricted
funds Total funds Total funds
2023
2023
2022
Notes
Income and endowments
from..
Donations and legacies
Investments
5,875
87.752
5,875
87,752
6,516
94,579
Tolal
93.627
93,627
101,095
Expenditure on..
Charitable actwlties
Other
77,923
40,174
118.097
77,923
40,174
118.097
85,594
41,706
127,300
Total
Nel gains on investments
Net expenditure
Translers between funds
124,4701
124.4701
126,2051
Net expenditure before other
gainslllossesl
124.4701
124,470)
126.2051
Other gains and losses
Net movementin funds
{24.470)
124,4701
{26,2051
Reconciliation ol lunds:
Total funds brought forward
1.972,084
1.972,084
1,998,289
Total funds carried forward
1,947,614
1,947,614
1.972,084
Page 7

M uslim Institute Trust Ltd
Summary Income and Expenditure Account
lor the year ended 30 June 2023
2023
2022
Income
5,875
6,516
Interest and investment income
87.752
94.579
Gross income for the year
Expenditure
93,627
118,097
101,095
127.300
Total expendilure for the year
Net expenditure before tax tor the year
118.097
124,4701
127,300
126,2051
Net expenditure for the year
124,4701
126.2051
Page 8

MLJsllm Institute Trust Ltd
Balance Sheet
at 30 June 2023
Company ND. 07258525
Notes
2023
2022
Flxed &￿etS
Tangible assets
9 1.775.660
1.775,660
1.775,660
1.775,660
Current assets
Debtors
Cash at bank and in hand
10
6.598
174.904
181,502
19.548)
171,954
1,947,614
1.947,614
6,598
197,742
204.340
17.9161
196.424
1,972,084
1,972,084
Credltors: Amount falling due wlthin one year
Net Current asseti
Total assets less Current liabllities
11
Net assets excluding pension asset or liability
Total nel assets
1.947.614
1,972.084
The funds of the charity
Reslricted funds
Unrestrlcted funds
General funds
12
12
1,947.614
1.947,614
1,972.084
1,g72.084
Reserves
12
Total funds
1.947.614
1,972,084
These accounts have been prepared in accordance with the special provisions of Part 15 of the Compan18$
Act 2006 relating to Small companies.
For the year ended 30 June 2023 the company was entitled to exemption under section 477 of the
Companles Act 2006 relatlng to small Companies.
The members havè not ipqulred the Company to obtaln an audit in accordance with section 476 01 the
Companles Att 2006.
Th8 dliectors acknowledge their responsibllitie$ for complylng with the Teoulrements ol the Companies Act
2006 with respect to accounting reeor(l$ and the prepafation ol accounts.
Approved by the boald on12 October 2023
And signed on its behalf by-.
A. Barkatullah
Trustee
12 OclobeT 2023

Muslim Institute Trust Ltd
Notes to Ihe Accounts
for Ihe year ended 30 June 2023
1 Accounting policies
Basis of preparation
The linantial statefflents have been prepare¢J in accordance with Accounting and Reporting by Charities:
Statement ol Recommended Practice applicable to charities preparing their account5 in accordance wlth
the Financial Reporling Standard applicable in the UK and Republic of Ireland IFRS 1021 {ellecttve 1
lanuary 20151 (Charilies SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and
Republic ol Ireland IFRS 1021 and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change lo the accounting policies Ivalualion rules and method ol accounting) since
last year an(i no changes have been made to accounls for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the
general objects ol the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unreslricted funds which include a revalualion reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restriclions imposed by the donor or through
lerms ol an appeal.
Designated fund5
Revaluation fund5
Restricted funds
Income
Retognilion of
income
Income 1$ included in the Stalement of Financial Activities {SoFAI when the chatlty
becomes entitled to. and virtually certain lo receive, Ihe income and the amount of
the income can be measured with sullicient reliability.
Income with relaled Where income has relate{1 expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
legacies
Voluntary income received by way of grants. donatlons and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaim$ o
Income from tax reclaims is included in the SOFA at the same tlme as the
donations and gilts giftldonation to which it relates.
Donated services
These are only included in income (with an equivalent amounl in expenditure)
and facililies
where the benefit to the Chanty is reasonably quantitiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investmenl income Thls is included in the accounts when receivable.
Gainslllossesl on
This includes any gain or loss resulting Irom revaluing investments to market value
revaluation ol fixed at the end of Ihe year.
assets
Gainslllossesl on
investmenl assets
This includes any gain or loss on the sale of investments.
Page10

M uslim Institule Trust Ltd
Notes to the Accounts
Expenditure
Recognition ol
expenditure
Expenditure is recognised on an accruals basis. Expenditure incltjdes any VAT which
cannot be fully recovered, and is reported as part of the expen(iiture to which it
relates.
Expenditure on
These comprise the costs associated wilh attracting voluntary income. fundraising
raising funds
trading costs and inveslment management costs.
Expenditure on
These comprise the cosls incurred by the Charity in the delivery of its activities and
charitable activitles setvices in the furtherance ot its objects. Including the making ol grants and
governance costs.
All grant expenditure is accounted for on an actual pald basis plus an accrual lor
grants Ihat have been approved by the trustees at the end ot the year but not yet
paid.
These include those costs associated with meeling the constitutional and statutory
requirements ol the Charily, including any auditlindependent examlnalion lees,
costs linked to the slralegic management of the Charity, togelher with a share of
other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Grants payable
Governance ¢0sts
Taxation
The charity is exempt from corporatlon tax on its charllable activilies.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rales in order to write off each asset over ils estimated
useful life..
Furniture & lixtures
25% ReL1ucing
Freehold investment property
Investment properties are measured inili31ty at cost and subsequently al lair value al each balance sheet
date and are nol depreciated. All gains or losses are taken to the Stalement of Financial Activities as they
arise.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due alter any Irade discount ollered.
Prepayments are valued at the amoltnt prepaid net ol any trade discourit5 due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand. demand deposits with banks and other
short-term highly liquid investments with original maturities ol three months or less ano bank overdrdlls.
In the slatement ol financial position, bank overdrafts are shown within borrowings or current Ilabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and forffl an integral part of the companws cash management.
Page11

Muslim Institute Trust Ltd
Notes to the Accounts
Trade and other creditors
Short term creditors are measured at the transaction price. Olher creditors and provisions are recognised
where the charity has a present obligation resulting from a past event thal will probably result in the
transfer ol funds lo a third party and the amount due lo settle the obligation can be measured or
eslimated reliably. Creiiitors and provisions are normalty recognised at their settlement amount after
allowing lor any trade discounls due.
Pension costs
The charity operates a detlned contribullon plan for its employees. A defined conlribution plan is a
pension Plan under whlch the company pays lixed contributions into a separate entity. Once the
conlrlbutions have been paid the company has no further payments obligalions. The contribullons are
recognised as expenses when they tall due. Amounts not paid are shown in accruals in the balance sheet.
The assets ol the plan are held separately trom the company in independently administered fund5.
Receipt of donated goods, facililies and services
All donated goods, lacilities and services received are recognised within incoming resources and
expenditure at an estimate ot the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequentty does not have share capital.
3 Staiement of Financial Activities- prior year
Unreslricted
funds Total funds
2022
2022
Intome and endowments Irom=
Donations and legacies
Investments
6,516
94.579
101,095
6,516
94,579
101,095
Tolal
Expenditure on-
Charitable activities
Other
85.594
41,706
127.300
85,594
41,706
Total
127,300
Net income
{26,2051
126,205)
Nel income belore other
gainslllossesl
Other gains and losses..
Net movement in lunds
{26,2051
(26,205}
(26.2051
126,205}
Reconciliation ol funds:
Tolal funds brought forward
Total funds carried forward
1.998.289 1,998.289
1,972,084 1.972,084
Page12

Muslim Inslilute Trust Ltd
Notes to the Accounts
4 Income from donations and legacies
Unrestricled
Total
2023
Total
2022
Voluntary income
5.875
5.875
5.875
5,875
6,516
6,516
5 Income from inveslments
Unreslricted
Tolal
2023
Total
2022
Rental income
86,185
1,567
87,752
86,185
1,567
87.752
94.579
94,579
6 Expenditure on charitable activities
Unrestricted
Total
2023
Total
2022
Expenditure on charitable
activities
Speaker and events
Wages and salaries
Stall pensions
Contribution to Critical
Muslim publication
Governance costs
Independent examiner fees
Legal and professional
Bank charges
26,370
43,955
1,005
26,370
43,955
1.005
16,205
37.791
794
4.000
4,000
26.117
1.872
558
163
1,872
558
163
1,632
3,004
51
85,594
77.923
77,923
7 Other expen(Jiture
Unrestricted
Total
2023
Total
2022
Motor and travel costs
Premises costs
General adminlslrative costs
1.257
38,604
313
40.174
1.257
38,604
313
40,174
40,778
928
41,706
8 Staff costs
No employee received emoluments in excess 01 £60,000.
Page13

M uslim Institute TTUSt Ltd
Notes to the Accounts
9 Tangible fixed assets
Land and
buildings
Land and
building
Furniture &
fixtures
Total
Cost or revaluation
At 1 July 2022
AI 30 June 2023
Net book values
1.775.660
1.775,660
1,775.660
1,775.660
At 30 June 2023
At 30 June 2022
10 Debtors
1,775,660
1,775,660
1,775,660
1,775,660
2023
2022
Other debtors
6,598
6,598
6,598
6,598
11 Creditors=
amounts falling due within one year
2023
2022
Other taxes and social security
Olher credilors
1.875
7,673
9.548
7,916
7,916
12 Movement in funds
Incoming
resources
(including
other
At 1 July gainsllosses
2022
Resources At 30 lune
expended
2023
Restricted funds:
Unrestricled funds:
General funds
1.972.084
93,627
{118,0971 1,947.614
Tolal funds
13 Analysis ol net assels between funds
1,972.084
93.627
{118,0971 1,947,614
Unrestricted
lunds
Total
Fixed assets
Net current asset5
1.775.660 1,775,660
171.954
171,954
1.947.614
1,947,614
Page 14

Muslim Institute Trust Ltd
Notes to the Accounts
14 Reconciliation of net debt
At 1 July
2022
At 30June
2023
Cash flows
Cash and cash equivalents
197,742
197.742
122,8381
122,8381
174.904
174.904
Net debl
197.742
122.8381
174,904
15 Related party disclosures
Controllinq party
The company is limited by guarantee and has no share capital: thu5 no single party controls Ihe company.
Paue 15

Muslim Instilute Trust Ltd
Detailed Statement of Financial Aclivilies
lor the year endeLI 30 June 2023
Unrestricted
funds Total lunds Total funds
2023
2023
2022
Income and en(lowments from=
Donations and legacies
Voluntary income
5.875
5.875
5,875
5,875
6,516
6,516
Investments
Rental income
86,185
1,567
87.752
86,185
1.567
87,752
93.627
94,579
94,579
101,095
Total income and endowments
93,627
Expenditure on..
Charitable activities
Speaker and events
Wages and salaries
Stall penslons
Contribution to Critical Muslim
publicatlon
26.370
43.955
1,005
26.370
43,955
1,005
16,205
37,791
794
4,000
4,000
26.117
75,330
75.330
80,907
Governance costs
Independent examiner fees
Legal and professional
Bank charges
1,872
558
163
2,593
1.872
558
163
2.593
1,632
3,004
51
4,687
Tolal ol expenditure on charitable
activilies
77.923
77,923
85.594
Motor and travel costs
Travel and subsistence
1.257
1.257
1,257
1.257
Premises costs
Rent
Rales
Premises insurances
Property related expenses
Office costs
6.186
814
6.186
814
6,043
2.303
532
26.832
5,068
40,778
27,028
4,576
38.604
27,028
4.576
38,604
General admlnistrallve cosls,
including depreciation and
amortisation
Depreci31ion of Land and building
Page 16

Muslim Institute Trust Ltd
Delaile(i Statement ol Financial Aclivities
Oepreciation ol Furniture &
fixtures
Advertising
Slalionery and printing
Sundry expenses
300
3(NJ
883
13
313
40,174
118.097
13
313
40,174
38
928
41,706
127,300
Total of expenditure ot other costs
Total expenditure
Nei gains on inveslments
118,097
Net expenditure
(24.4701
(24,4701
(26.2051
Nel expenditure before other
gainsl(losses}
Olher Gains
(24.470)
{24,470)
(26,205)
Net movement in lunds
{24,4701
124.4701
126,2051
Reconciliation of funds..
Total funds brouoht forward
1,972,084
1,972.084
1,998,289
Total funds carried forward
1,947,614
1,947.614
1,972,084
Page 17