2023-03-31-accounts - Al-Mahdi Foundation

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Reference and Administrative Details
Trustees' Report		2 to 3
Statement ofTrustees'	Responsibilities
hnlependent Examiner's	Report
Statement ofRnancial	Activities
Balance Sheet
Notes to the Financial	Statements	8to 17

			nce Sheet as at31	March 20	23
					2023	2022
				Note
Fixed assets
Tangible assets					272,631	272,631
Current assets
Cash at bank and in hand Creditors: Amounts falling due within			one year	12 13	40,171 ~7,000	35,092 .~4000
Net current	assets				39,171	34 093
Total assets less current liabilities Creditors: Amounts falling due after			more than one year	14	311,802 ~53043	306,723 ~65,566
Net assets					258,559	241,157
Funds ofthe	charity:
Unrestricted	income	funds
Unrestricted	funds				258,559	241,157
Total funds				15	258,559	241,157

				Unrestricted
				funds	Total
				General	funds
Regular giving and capital donations				38,256	38,256
Total for 2023				.38,256	38256
Total for 2022				19280	19,280
3 Other income
				Unrestricted
				funds	Total
				General	funds
Rental income				10,920	10,920
Total for 2023				10,920	10,920
Total for 2022				19,000	19000
4 Expenditure	on charitable	activities
				Unrestricted
				funds	Total
				General	funds
			Note
Governance costs				31,774	31,774
Total for 2022				20,206	20,206

5 Analysis	ofgovernance	ofgovernance	ofgovernance	and support	costs
Governance	costs
							Unrestricted
							funds	Total
							General	funds
Staff cosu
Wages and	salaries						7,600		7,600
Audit fees
Other fees	paid to auditors							500	500
Other governance		costs					23,674		23,674
Total for 2023							31,774		31,774
Total for 2022							20406		20,206
6 Net incoming/outgoing				resources
Net incoming	resources for			the year include:
							2023	2022
Surplus excess over expenditure							17,402		18,574
7 Trustees	remuaeration			and expenses
8 Staffcosts
The aggregate	payroll		costs	were as follows:
							2023	2022
Staffcosts during		the year		were:
Wages and salaries							7,600		5,130
The monthly	average		number ofpersons		(including	senior management	team) employed	by the charity	during
the year expressed		as	full time equivalents		was as follows:
							2023	2022
							No	No

15 Funds	15 Funds
					Balance at 1	Incoming	Resources	Balance at31
					April 2022	resources	expended	March 2023
Unrestricted			funds
General					241,157	49,176	~33,774	258,559
					Balance at 1	Incoming	Resources	Balance at31
					April 2021	resources f	expended	March 2022 g
Unrestricted			funds
General					222,583	38,780	~20,206	241,157
16 Analysis ofnet assets between					funds
							Unrestricted	Total funds at
							funds	31March
							General	2023
Tangible		fixed		assets			272,631	272,631
Current	assets						40,171	40,171
Current Creditors	liabilities over 1 year						(1,000) ~53,243	(1,000) ~53,243
Total net		assets					258,559	258 559
							Unrestricted	Total funds at
							funds	31March
							General	2022
Tangible		fixed		assets			272,631	272,631
Current	assets						35,092	35,092
Current liabilities Creditors over 1 year							(1,000) 65,566	(1,000) ~65,566
Total net		assets					241,157	241,157
17 Analysis ofnet funds
						At 1April	Financing cash	At 31March
						2022	flows	2023
							g
Cash at bank and in hand						35,092	5,079	40,171
Net debt							5,079	40,171

Notes to the Financial St	atements for the Year End	ed 31Ma	rch 2	023
	At 1April	Financing	cash	At 31March
	2021	flows		2022
Cash at bank and in hand	27,398	7	694	35,092
Net debt	27,398	7,694		35,092

			Total	Total
			Unrestricted	Unrestricted
			Funds	Funds
			2023	2022
Income and Endowments		from:
Donations and legacies			38456	19,280
Other income			10,920	19,500
Total income			49,176	38,780
Expenditure on: Charitable activities			~31,774	~20,206)
Total expenditure			31,774	~(20,20
Net income			17,402	18,574
Net movement in funds			17,402	18,574
Reconciliation offunds
Total ftmds brought	forward		241,157	222,583
Total funds carried	forward		256,559	241,157

Detailed State	me	nt ofFinancial Activities	for the Year Ended 31Mar	ch 2023
			Total	Total
			2023	2022
Income and Endowments		from:
Donations aud legacies	(analysed below)		38,256	19,280
Other income (analysed	below)		10,920	19,500
Total income			49,176	38,780
Expenditure on: Charitable activities (analysed bdow) Total expenditure			~33,774 ~37,774	~20,206 ~20,206
				'
Net income			17,402	18,574
Net movement in funds			17,402	18,574
Reconciliation offunds
Total funds brought forward			241137	222,333
Total funds carried forward			258,559	241,157

Detai	led Statement ofFmanciai A	ctivities for the Year Ended 31Ma	rch 2023
		Total	Total
		2023	2022
		'2
Donations ond legacies
Donations		38256	19,280
		38256	19280
Other incense
Rental income		10,920	19,500
		10,920	195011
Charitable actir2tties
Wages and salaries		(7,600)	(5,130)
Rates		(2,656)	(1,568)
Light, heat and power		(3,313)
Insurance		(3,393)	(1,963)
Repairs and maintenance		(8,101)	(7,003)
Refreshments		(2,031)
Sundry expenses		(100)	(225)
Cleaning		(350)	(658)
Accountancy Bank charges Bank interest	fees payable	(500) (84) ~3,6461 ~31,774	(500) (93) ~3,066 ~20,206