**Charity number: 1146363**
## **AL - MAHDI FOUNDATION**
**Trustees' report and financial statements**
**for the year ended 31 March 2021**
## **AL - MAHDI FOUNDATION**
## **Contents**
||**Page**|
|---|---|
|Legal and administrative information|**1**|
|Trustees report|**2 - 3**|
|Independent examiners' report|**4**|
|Statement of financial activities|**5**|
|Income and expenditure account|**6**|
||**7**|
|Balance sheet|**8**|
|Notes to the financial statements|**9 - 12**|
## **AL - MAHDI FOUNDATION**
## **Legal and administrative information**
|**Charity number**|1146363|
|---|---|
|**Business address**|ST JOHNS WORKS|
||FERN STREET|
||BURY|
||LANCS|
||BL9 5BP|
|**Trustees**|KAFAIT HUSSAIN|
||NAWAZISH ALI|
||BASHIR AHMED|
||ABID HUSSAIN|
|**Secretary**|BASHIR AHMED|
|**Accountants**|M SALIM & CO|
||51 LORD STREET|
||MANCHESTER|
||M3 1HE|
|**Bankers**|HSBC PLC|
||SILVER STREET|
||BURY|
**Page 1**
## **AL - MAHDI FOUNDATION**
## **Report of the trustees for the year ended 31 March 2021**
The trustees present their report and the financial statements for the year ended 31 March 2021. The trustees who served during the year and up to the date of this report are set out on page 1.
## **Structure, governance and management**
Al-Mahdi foundation is registered with the charity commission. It is governed by Charity Commission requirements and is managed by the Trustees.
## **Objectives and activities**
## _REFURBISHMENT_
During the year building repairs have continued
## _COMMEMORATED MONTH OF MUHARAM_
give food to elderley, women and children. Special educational and spirtual lectures were held.
## _CELBRATION OF MONTH OF RAMADAN_
Extended prayers and spirtual lectures were arranged daily and fast opening was arranged in full month of ramadan
## _FUTURE PLANS_
Future plans are to expand th hall so learning classes can take place for ladied and children.
## **Achievements and performance**
Charity is meeting all objectives set and is taking steps to ensure long term survival and sustainability.
## **Financial review**
Detailed statement of financial activities set out on page 14 and 15.
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity 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 proper accounting records which 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 Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. 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
**Page 2**
## **AL - MAHDI FOUNDATION**
## **Report of the trustees for the year ended 31 March 2021**
On behalf of the board
BASHIR AHMED **Secretary**
**Page 3**
## **AL - MAHDI FOUNDATION**
## **Independent examiner's report to the trustees on the unaudited financial statements of AL - MAHDI FOUNDATION.**
I report on the accounts of AL - MAHDI FOUNDATION for the year ended 31 March 2021 set out on pages 2 to 12.
## **Respective responsibilities of trustees and independent examiner**
As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section 43(3)(a) of the Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the Act, and to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
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 I do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
(i) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep proper accounting records in accordance with section 41 of the Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Independent examiner**
**Page 4**
## **AL - MAHDI FOUNDATION**
## **Statement of financial activities**
## **For the year ended 31 March 2021**
|**Notes**
**Incoming resources**
Incoming resources from generating funds:
Voluntary income
2
Other incoming resources
3
**Total incoming resources**
**Resources expended**
Costs of generating funds:
Cost of generating voluntary income
4
Governance costs
5
**Total resources expended**
Total funds brought forward
**Total funds carried forward**|**2021**
**Total**
**£**
15,068
14,300
29,368
10,987
3,569
14,556
207,771
222,583|**2020**
**Total**
**£**
21,765
20,150|
|---|---|---|
|||41,915|
|||24,246
5,521|
|||29,767|
|||195,623|
|||207,771|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
**The notes on pages 9 to 12 form an integral part of these financial statements.**
**Page 5**
## **AL - MAHDI FOUNDATION**
## **Income and expenditure account**
## **For the year ended 31 March 2021**
|||**2021**||**2020**||
|---|---|---|---|---|---|
||**Notes**|**£**||**£**||
|**Income**||29,368||41,915||
|Operating expenditure||10,987||(24,246|)|
|**Operating surplus**||18,381||17,669||
|**Interest payable and similar charges**||(3,569|)|(5,521|)|
|**Retained surplus for the financial year**||14,812||12,148||
All activities derive from continuing operations.
**The notes on pages 9 to 12 form an integral part of these financial statements.**
**Page 6**
## **AL - MAHDI FOUNDATION**
**The notes on pages 9 to 12 form an integral part of these financial statements.**
**Page 7**
## **AL - MAHDI FOUNDATION**
## **Balance sheet as at 31 March 2021**
|**Notes**
**Fixed assets**
Tangible assets
8
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
9
**Net current assets**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
10
**Net assets**
**Funds**
11
**Total funds**|**2021**
**£**
**£**
272,631
27,398
27,398
)
(1,000
26,398
299,029
)
(76,446
222,583
222,583|**2020**
**£**
**£**
272,631
24,090
24,090
)
(1,000
23,090
295,721
)
(87,950
207,771
207,771|
|---|---|---|
The financial statements were approved by the trustees on and signed on its behalf by
## **KAFAIT HUSSAIN Trustee**
**The notes on pages 9 to 12 form an integral part of these financial statements.**
**Page 8**
## **AL - MAHDI FOUNDATION**
## **Notes to financial statements for the year ended 31 March 2021**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.1. Basis of accounting**
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 1993.
## **1.2. Cashflow**
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
## **1.3. Incoming resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
## **1.4. Resources expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
## **1.5. Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings
-
Straight line over years
**Page 9**
## **AL - MAHDI FOUNDATION**
## **Notes to financial statements for the year ended 31 March 2021**
|**2.**
**Voluntary income**
Donations
**3.**
**Other incoming resources**
Other income
**4.**
**Cost of generating voluntary income**
Support costs
**5.**
**Governance costs**
Interest - Bank loans & overdraft|**2021**
**Total**
**£**
15,068
15,068
**2021**
**Total**
**£**
14,300
14,300
**2021**
**Total**
**£**
10,987
10,987
**2021**
**Total**
**£**
3,569
3,569|**2020**
**Total**
**£**
21,765|
|---|---|---|
|||21,765|
|||**2020**
**Total**
**£**
20,150|
|||20,150|
|||**2020**
**Total**
**£**
24,246|
|||24,246|
|||**2020**
**Total**
**£**
5,521|
|||5,521|
**Page 10**
## **AL - MAHDI FOUNDATION**
## **Notes to financial statements for the year ended 31 March 2021**
## **6. Analysis of support costs**
|**Cost of**
**generating**
**voluntary**
**2021**
**income**
**Total**
**£**
**£**
Staff costs
2,100
2,100
Rates and water
1,277
1,277
Light and heat
3,270
3,270
Repairs and maintenance
1,451
1,451
Insurance
2,118
2,118
Other establishment costs
254
254
Accountancy charges
500
500
Other office expenses
17
17
10,987
10,987
**7.**
**Employees**
**Employment costs**
**2021**
**£**
Wages and salaries
2,100
No employee received emoluments of more than £60,000 (2020 : None).
**Number of employees**
The average monthly numbers of employees (including the trustees) during the year, calculated on the
full time equivalents, was as follows:||**2020**
**Total**
**£**
10,050
1,462
1,528
8,172
1,741
275
500
518|
|---|---|---|
|||24,246|
|||**2020**
**£**
10,050
basis of|
|**2021**|**2020**|
|---|---|
|**Number**|**Number**|
|1|1|
**Page 11**
## **AL - MAHDI FOUNDATION**
## **Notes to financial statements for the year ended 31 March 2021**
|**Land and**
**8.**
**Tangible fixed assets**
**buildings**
**freehold**
**£**
**Cost**
At 1 April 2020 and
At 31 March 2021
272,631
**Net book values**
At 31 March 2021
272,631
At 31 March 2020
272,631
**9.**
**Creditors: amounts falling due**
**within one year**
**2021**
**£**
Accruals and deferred income
1,000
**10.**
**Creditors: amounts falling due**
**after more than one year**
**2021**
**£**
Bank loan
76,446
**11.**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**£**
Fund balances at 31 March 2021 as represented by:
Current assets
222,583
222,583|**Total**
**£**
272,631
272,631
272,631
**2020**
**£**
1,000
**2020**
**£**
87,950
**Total**
**funds**
**£**
222,583
222,583|
|---|---|
**Page 12**
## **AL - MAHDI FOUNDATION**
**The following pages do not form part of the statutory accounts.**
## **AL - MAHDI FOUNDATION**
## **Detailed statement of financial activities**
## **For the year ended 31 March 2021**
|||**2021**|**2021**||**2020**|**2020**|
|---|---|---|---|---|---|---|
||**£**||**£**|**£**||**£**|
|**Incoming resources**|||||||
|**Incoming resources from generating funds:**|||||||
|_Voluntary income_|||||||
|Donations|||15,068|||21,765|
||||15,068|||21,765|
|**Total incoming resources from generating funds**|||15,068|||21,765|
|**Other incoming resources**|||||||
|Other income|||14,300|||20,150|
||||14,300|||20,150|
|**Total incoming resources**|||29,368|||41,915|
|**Resources expended**|||||||
|**Costs of generating funds:**|||||||
|_Support costs_|||||||
|Support - Staff - Wages & salaries|2,100|||10,050|||
|Support - Establishment - Rates & water|1,277|||1,462|||
|Support - Establishment - Light & heat|3,270|||1,528|||
|Support - Establishment - Repairs & maintenance|1,451|||8,172|||
|Support - Establishment - Insurance|2,118|||1,741|||
|Support - Establishment - Other|254|||275|||
|Support - Professional - Accountancy fees|500|||500|||
|Support - Office expenses - Other|17|||518|||
||||10,987|||24,246|
|**Total cost of generating voluntary income**|||10,987|||24,246|
|**Fundraising trading:**|||||||
|**cost of goods sold and other costs**|||||||
|**Total costs of generating funds**|||10,987|||24,246|
**Page 14**
## **AL - MAHDI FOUNDATION**
## **Detailed statement of financial activities**
## **For the year ended 31 March 2021**
|**Charitable activities**
**Governance costs**
_Activities undertaken directly_
Interest - Bank loans & overdraft
**Total governance costs**
**Net incoming/(outgoing) resources for the year**|**2021**
**£**
3,569
3,569
3,569
14,812|**2020**
**£**
5,521
5,521
5,521
12,148|**2020**
**£**
5,521
5,521
5,521
12,148|
|---|---|---|---|
||||5,521|
||||12,148|
**Page 15**