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2022-04-30-accounts

REGISTERED COMPANY NUMBER: 08043568 (England and Wales) REGISTERED CHARITY NUMBER: 1147031

Report of the Trustees and Financial Statements for the Period 30 April 2021 to 30 April 2022

for

M A B Charitable Trust

Eccounting UK Quadrant Business Centre 99 Parkway Avenue Sheffield S9 4WG

M A B Charitable Trust

Contents of the Financial Statements

for the Period 30 April 2021 to 30 April 2022

Page
Report of the Trustees 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4 to 5
Cash Flow Statement 6
Notes to the Cash Flow Statement 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14

M A B Charitable Trust

Report of the Trustees

for the Period 30 April 2021 to 30 April 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 30 April 2021 to 30 April 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

08043568 (England and Wales)

Registered Charity number 1147031

Registered office

10 Severn Road Sheffield South Yorkshire S10 2SU

Trustees

A Bougara- Chair Ms R O Altikriti Treasurer Dr K I J Al-Ani Medical Doctor B Naas HR And Office Manager

Company Secretary

Independent Examiner

Shoakat Zaman IFA (Institute of Financial Accountants) Eccounting UK Quadrant Business Centre 99 Parkway Avenue Sheffield S9 4WG

Approved by order of the board of trustees on 18 November 2022 and signed on its behalf by:

A Bougara - Trustee

Page 1

Independent Examiner's Report to the Trustees of M A B Charitable Trust

Independent examiner's report to the trustees of M A B Charitable Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the period 30 April 2021 to 30 April 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company 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 accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of IFA (Institute of Financial Accountants) which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Shoakat Zaman IFA (Institute of Financial Accountants) Eccounting UK Quadrant Business Centre 99 Parkway Avenue Sheffield S9 4WG

18 November 2022

Page 2

M A B Charitable Trust

Statement of Financial Activities for the Period 30 April 2021 to 30 April 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
607,070
Investment income
3
44,227
Total
651,297
EXPENDITURE ON
Charitable activities
4
Charitable activities
722,765
NET INCOME/(EXPENDITURE)
(71,468)
RECONCILIATION OF FUNDS
Total funds brought forward
913,339
TOTAL FUNDS CARRIED FORWARD
841,871		 Restricted
fund
£
-
-
-
-
-
-
-		 Period
30.4.21
to
Year Ended
30.4.22
29.4.21
Total
Total
funds
funds
£
£
607,070
413,302
44,227
18,490
651,297
431,792
722,765
553,115
(71,468)
(121,323)
913,339
998,738
841,871
877,415

The notes form part of these financial statements

Page 3

M A B Charitable Trust

Balance Sheet

30 April 2022

Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds
TOTAL FUNDS		 Unrestricted
fund
£
460,416
39,727
378,279
418,006
(36,551)
381,455
841,871
841,871		 Restricted
fund
£
-
-
-
-
-
-
-
-		 30.4.22
Total
funds
£
460,416
39,727
378,279
418,006
(36,551)
381,455
841,871
841,871
841,871
841,871		 29.4.21
Total
funds
£
526,059
-
371,307
371,307
(19,951)
351,356
877,415
877,415
877,415
877,415

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 4

M A B Charitable Trust

Balance Sheet - continued

30 April 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 18 November 2022 and were signed on its behalf by:

A Bougara - Trustee

R O Altikriti - Trustee

The notes form part of these financial statements

Page 5

M A B Charitable Trust

Cash Flow Statement

for the Period 30 April 2021 to 30 April 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Brought forward reserve-MWHS
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 Period
30.4.21
to
Year Ended
30.4.22
29.4.21
£
£
(18,173)
(54,981)
35,923
-
17,750
(54,981)
(10,778)
(1,913)
(10,778)
(1,913)
6,972
(56,894)
371,307
428,201
378,279
371,307

The notes form part of these financial statements

Page 6

M A B Charitable Trust

Notes to the Cash Flow Statement

for the Period 30 April 2021 to 30 April 2022

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Increase in debtors
Increase/(decrease) in creditors
Net cash used in operations		 Period
30.4.21
to
Year Ended
30.4.22
29.4.21
£
£
(71,468)
(121,323)
76,422
68,342
(39,727)
-
16,600
(2,000)
(18,173)
(54,981)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 30.4.21 Cash flow At 30.4.22
£ £ £
Net cash
Cash at bank and in hand 371,307 6,972 378,279
371,307 6,972 378,279
Debt
Debts falling due within 1 year (17,540) (16,000) (33,540)
(17,540) (16,000) (33,540)
Total 353,767 (9,028) 344,739

The notes form part of these financial statements

Page 7

M A B Charitable Trust

Notes to the Financial Statements for the Period 30 April 2021 to 30 April 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation/amortisation is charged at following basis:

Freehold building - 2% at cost Leasehold property improvements - over lease period Plant and machinery- 25% reducing balance Fixtures and fittings - 25% reducing balance

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

continued...

Page 8

M A B Charitable Trust

Notes to the Financial Statements - continued

for the Period 30 April 2021 to 30 April 2022

2. DONATIONS AND LEGACIES

Donations
3.
INVESTMENT INCOME
Rents received
4.
CHARITABLE ACTIVITIES COSTS
Charitable activities
5.
GRANTS PAYABLE
Charitable activities
6.
SUPPORT COSTS
Management
£
Charitable activities
523,051		 Period
30.4.21
to
Year Ended
30.4.22
29.4.21
£
£
607,070
413,302
Period
30.4.21
to
Year Ended
30.4.22
29.4.21
£
£
44,227
18,490
Grant
funding of
activities
Support
(see note
costs (see
5)
note 6)
Totals
£
£
£
193,400
529,365
722,765
Period
30.4.21
to
Year Ended
30.4.22
29.4.21
£
£
193,400
95,244
Governance
Finance
costs
Totals
£
£
£
1,716
4,598
529,365

continued...

Page 9

M A B Charitable Trust

Notes to the Financial Statements - continued

for the Period 30 April 2021 to 30 April 2022

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Period
30.4.21
to Year Ended
30.4.22 29.4.21
£ £
Depreciation - owned assets 76,421 68,342
Other operating leases 22,152 8,085

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 30 April 2022 nor for the year ended 29 April 2021.

Trustees' expenses

There were no trustees' expenses paid for the period ended 30 April 2022 nor for the year ended 29 April 2021.

9. STAFF COSTS

Staff costs during the period were £192,460.00.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
413,302
Investment income
18,490
Total
431,792
EXPENDITURE ON
Charitable activities
Charitable activities
553,115
NET INCOME/(EXPENDITURE)
(121,323)
RECONCILIATION OF FUNDS
Total funds brought forward
998,738
TOTAL FUNDS CARRIED FORWARD
877,415		 Restricted
fund
£
-
-
-
-
-
-
-		 Total
funds
£
413,302
18,490
431,792
553,115
(121,323)
998,738
877,415

continued...

Page 10

M A B Charitable Trust

Notes to the Financial Statements - continued

for the Period 30 April 2021 to 30 April 2022

11. TANGIBLE FIXED ASSETS

Improvements
Freehold
to
Plant and
property
property
machinery
£
£
£
COST
At 30 April 2021
418,994
436,561
8,318
Additions
-
9,920
858
At 30 April 2022
418,994
446,481
9,176
DEPRECIATION
At 30 April 2021
131,859
213,814
5,242
Charge for year
8,379
63,783
984
At 30 April 2022
140,238
277,597
6,226
NET BOOK VALUE
At 30 April 2022
278,756
168,884
2,950
At 29 April 2021
287,135
222,747
3,076
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 14)
Accrued expenses
14.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans		 Fixtures
and
fittings
£
30,628
-
30,628
17,527
3,275
20,802
9,826
13,101
30.4.22
£
39,727
30.4.22
£
33,540
3,011
36,551
30.4.22
£
33,540		 Totals
£
894,501
10,778
905,279
368,442
76,421
444,863
460,416
526,059
29.4.21
£
-
29.4.21
£
17,540
2,411
19,951
29.4.21
£
17,540

continued...

Page 11

M A B Charitable Trust

Notes to the Financial Statements - continued for the Period 30 April 2021 to 30 April 2022

15. MOVEMENT IN FUNDS

At
30.4.21
£
Unrestricted funds
General fund
913,339
TOTAL FUNDS
913,339
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
651,297
TOTAL FUNDS
651,297
Comparatives for movement in funds
At
30.4.20
£
Unrestricted funds
General fund
998,738
TOTAL FUNDS
998,738
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
431,792
TOTAL FUNDS
431,792		 Net
movement
At
in funds
30.4.22
£
£
(71,468)
841,871
(71,468)
841,871
Resources
Movement
expended
in funds
£
£
(722,765)
(71,468)
(722,765)
(71,468)
Net
movement
At
in funds
29.4.21
£
£
(121,323)
877,415
(121,323)
877,415
Resources
Movement
expended
in funds
£
£
(553,115)
(121,323)
(553,115)
(121,323)

continued...

Page 12

M A B Charitable Trust

Notes to the Financial Statements - continued for the Period 30 April 2021 to 30 April 2022

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 30 April 2022.

Page 13

M A B Charitable Trust

Detailed Statement of Financial Activities for the Period 30 April 2021 to 30 April 2022

Detailed Statement of Financial Activities
for the Period 30 April 2021 to 30 April 2022
Period
30.4.21
to
Year En		 ded
30.4.22 29.4.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 607,070 413,302
Investment income
Rents received 44,227 18,490
Total incoming resources 651,297 431,792
EXPENDITURE
Charitable activities
Payments to other charities 193,400 95,244
Support costs
Management
Wages 174,200 152,032
Social security 18,260 22,449
Rent and rates 22,152 8,085
Insurance 11,285 8,365
Light and heat 52,048 38,524
Telephone 5,109 2,524
Postage and stationery 7,101 966
Advertising 350 729
Admin expenses 145,912 140,202
Travelling 6,146 -
Repairs and renewals - 9,155
Equipment rental 4,066 -
Depreciation of tangible and heritage assets 76,422 68,342
523,051
451,373
Finance
Bank charges 1,716 543
Governance costs
Accountancy and legal fees 4,598 5,955
Total resources expended 722,765 553,115
Net expenditure (71,468)
(121,323)

This page does not form part of the statutory financial statements

Page 14