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2023-04-30-accounts

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

Report of the Trustees and

Financial Statements for the Year Ended 30 April 2023

for

M A B Charitable Trust

(A Company Limited by Guarantee)

Eccounting UK Thornbank

38 Moorgate Road Rotherham South Yorkshire S60 2AG

M A B Charitable Trust

Contents of the Financial Statements for the Year Ended 30 April 2023

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 Year Ended 30 April 2023

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 year ended 30 April 2023. 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

Dr K I J Al-Ani Medical Doctor Ms R O Altikriti President (resigned 16.8.23) A Bougara School Teacher B Naas Hr And Office Manager Dr A F Helmy (appointed 1.7.23) E H Kenawy Project Manager (appointed 15.4.23)

Company Secretary

Independent Examiner

Shoakat Zaman IFA (Institute of Financial Accountants) Eccounting UK Thornbank 38 Moorgate Road Rotherham South Yorkshire S60 2AG

Approved by order of the board of trustees on 16 January 2024 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 year ended 30 April 2023.

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

  2. 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

  3. 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 Thornbank 38 Moorgate Road Rotherham South Yorkshire S60 2AG

16 January 2024

Page 2

M A B Charitable Trust

Statement of Financial Activities for the Year Ended 30 April 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
687,787
Investment income
3
112,059
Total
799,846
EXPENDITURE ON
Charitable activities
4
Charitable activities
795,963
Other
900
Total
796,863
NET INCOME/(EXPENDITURE)
2,983
RECONCILIATION OF FUNDS
Total funds brought forward
841,871
TOTAL FUNDS CARRIED FORWARD
844,854		 Year Ended
30.4.23
Restricted
Total
fund
funds
£
£
-
687,787
-
112,059
-
799,846
-
795,963
-
900
-
796,863
-
2,983
-
841,871
-
844,854		 Period
30.4.21
to
30.4.22
Total
funds
£
607,070
44,227
651,297
722,765
-
722,765
(71,468)
913,339
841,871

The notes form part of these financial statements

Page 3

M A B Charitable Trust

Balance Sheet

30 April 2023

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
£
385,059
9,727
485,619
495,346
(35,551)
459,795
844,854
844,854		 Restricted
fund
£
-
-
-
-
-
-
-
-		 30.4.23
Total
funds
£
385,059
9,727
485,619
495,346
(35,551)
459,795
844,854
844,854
844,854
844,854		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 2023

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 16 January 2024 and were signed on its behalf by:

A Bougara - Trustee

K I J Al-Ani - Trustee

The notes form part of these financial statements

Page 5

M A B Charitable Trust

Cash Flow Statement

for the Year Ended 30 April 2023

Year Ended
30.4.23
Notes
£
Cash flows from operating activities
Cash generated from operations
1
107,340
Brought forward reserve-MWHS
-
Net cash provided by operating activities
107,340
Cash flows from investing activities
Purchase of tangible fixed assets
-
Net cash provided by/(used in) investing activities
-
Change in cash and cash equivalents in
the reporting period
107,340
Cash and cash equivalents at the
beginning of the reporting period
378,279
Cash and cash equivalents at the end of
the reporting period
485,619		 Period
30.4.21
to
30.4.22
£
(18,173)
35,923
17,750
(10,778)
(10,778)
6,972
371,307
378,279

The notes form part of these financial statements

Page 6

M A B Charitable Trust

Notes to the Cash Flow Statement for the Year Ended 30 April 2023

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Year Ended
30.4.23
£
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
2,983
Adjustments for:
Depreciation charges
75,357
Decrease/(increase) in debtors
30,000
(Decrease)/increase in creditors
(1,000)
Net cash provided by/(used in) operations
107,340		 Period
30.4.21
to
30.4.22
£
(71,468)
76,422
(39,727)
16,600
(18,173)

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash At 1.5.22
Cash flow
At 30.4.23
£
£
£
Cash at bank and in hand 378,279
107,340
485,619
378,279
107,340
485,619
Debt
Debts falling due within 1 year (33,540)
1,000
(32,540)
(33,540)
1,000
(32,540)
Total 344,739
108,340
453,079

The notes form part of these financial statements

Page 7

M A B Charitable Trust

Notes to the Financial Statements

for the Year Ended 30 April 2023

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 Year Ended 30 April 2023

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
£
Other resources expended
-
Charitable activities
639,739
639,739		 Year Ended
30.4.23
£
687,787
Year Ended
30.4.23
£
112,059
Grant
funding of
activities
Support
(see note
costs (see
5)
note 6)
£
£
147,893
648,070
Year Ended
30.4.23
£
147,893
Governance
Finance
costs
£
£
-
900
3,262
5,069
3,262
5,969		 Period
30.4.21
to
30.4.22
£
607,070
Period
30.4.21
to
30.4.22
£
44,227
Totals
£
795,963
Period
30.4.21
to
30.4.22
£
193,400
Totals
£
900
648,070
648,970

continued...

Page 9

M A B Charitable Trust

Notes to the Financial Statements - continued for the Year Ended 30 April 2023

7. NET INCOME/(EXPENDITURE)

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

Period
30.4.21
Year Ended to
30.4.23 30.4.22
£ £
Depreciation - owned assets 75,357 76,421
Other operating leases 21,923 22,152

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2023 nor for the period ended 30 April 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2023 nor for the period ended 30 April 2022.

9. STAFF COSTS

Staff costs during the period were £219,897.00.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
607,070
Investment income
44,227
Total
651,297
EXPENDITURE ON
Charitable activities
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
£
-
-
-
-
-
-
-		 Total
funds
£
607,070
44,227
651,297
722,765
(71,468)
913,339
841,871

continued...

Page 10

M A B Charitable Trust

Notes to the Financial Statements - continued for the Year Ended 30 April 2023

11. TANGIBLE FIXED ASSETS

Improvements
Freehold
to
Plant and
property
property
machinery
£
£
£
COST
At 1 May 2022 and
30 April 2023
418,994
446,481
9,176
DEPRECIATION
At 1 May 2022
140,238
277,597
6,226
Charge for year
8,380
63,783
737
At 30 April 2023
148,618
341,380
6,963
NET BOOK VALUE
At 30 April 2023
270,376
105,101
2,213
At 30 April 2022
278,756
168,884
2,950
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
20,802
2,457
23,259
7,369
9,826
30.4.23
£
9,727
30.4.23
£
32,540
3,011
35,551
30.4.23
£
32,540		 Totals
£
905,279
444,863
75,357
520,220
385,059
460,416
30.4.22
£
39,727
30.4.22
£
33,540
3,011
36,551
30.4.22
£
33,540

continued...

Page 11

M A B Charitable Trust

Notes to the Financial Statements - continued for the Year Ended 30 April 2023

15. MOVEMENT IN FUNDS

At 1.5.22
£
Unrestricted funds
General fund
841,871
TOTAL FUNDS
841,871
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
799,846
TOTAL FUNDS
799,846
Comparatives for movement in funds
At
30.4.21
£
Unrestricted funds
General fund
913,339
TOTAL FUNDS
913,339
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
651,297
TOTAL FUNDS
651,297		 Net
movement
At
in funds
30.4.23
£
£
2,983
844,854
2,983
844,854
Resources
Movement
expended
in funds
£
£
(796,863)
2,983
(796,863)
2,983
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)

continued...

Page 12

M A B Charitable Trust

Notes to the Financial Statements - continued for the Year Ended 30 April 2023

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2023.

Page 13

M A B Charitable Trust

Detailed Statement of Financial Activities for the Year Ended 30 April 2023

Detailed Statement of Financial Activities
for the Year Ended 30 April 2023
Period
30.4.21
Year Ended to
30.4.23 30.4.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 687,787 607,070
Investment income
Rents received 112,059 44,227
Total incoming resources 799,846 651,297
EXPENDITURE
Charitable activities
Payments to other charities 147,893 193,400
Support costs
Management
Wages 196,485 174,200
Social security 23,412 18,260
Rent and rates 21,923 22,152
Insurance 11,963 11,285
Light and heat 77,076 52,048
Telephone 4,921 5,109
Postage and stationery 6,312 7,101
Advertising 3,017 350
Admin expenses 169,840 145,912
Travelling 390 6,146
Repairs and renewals 43,594 -
Equipment rental 5,449 4,066
Depreciation of tangible and heritage assets 75,357 76,422
Finance 639,739 523,051
Bank charges 3,262 1,716
Governance costs
Accountancy and legal fees 5,969 4,598
Total resources expended 796,863 722,765
Net income/(expenditure) 2,983 (71,468)

This page does not form part of the statutory financial statements

Page 14