Electronically signed using Capium on 2510212025 at 10:10:42 PM REGISTERED COMPANY NUMBER: 08043568 {England and Walc5) REGISTERED CHARITY NUMBER: 1147031 n of the Trustees and Financial Ststements for the Year Ended 30 A ril 2024 for M A B Charitable Trust Acom Limited b Guarantee Eccounting UK AR Business Centre 12 The Crofts Rotherham South Yorkshire S60 2DJ
M A B Charitable Trust Content% of the Financial Statements for the Yeai Ended 30 A ril 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Cash Flow Statement Notes to the Cash Flow Statement Notes to the Financial Statements 8 to 13 Detailed Siatement of Financial Activities 14
M A B Charilable Trust Rc ort of thc Ttustc¢s for thc Ycar Ended 30 A Til 2024 The tru.%tee% who aTe al%0 directOTS of the LhaTity fur the pu¢5 of the Cvmpdnies Act 2006, pre%ent their Tepurt with the financial statements of the charity for the year ended 30 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Stalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goNerning document, a deed of trust. and constitutes a limited company, limited by guarantee, as defined by the Companies Aci 2006. REFERELNCE AIYD ADMINISTRATIVE DETAILS Registered Cotnpany number 08043568 (EngTland and Wales) Registered Charlty number 1147031 Registered office 10 Severn Road Sheffield South Yorkshire S102SU Trustees A Bougara School Teacher Dr K l J Al-Ani Medical Doctor B Naas HR And Office Manager Dr A F Helmy E H Kenawy Project Manager Company Secretary Independent Examiner Shoakat Zaman Eccounting UK AR Busine55 Centre 12 The Crofts Rotherham South Yorkshirc S60 2DJ Approved by order of the board of trnstees on 24 February 2025 and signed on its behalf by.. ABougara A Bougara - Trustee Page I
Inde endent Examiner's Re M A B Chariiabl¢ Trusi ort to the Trustee5 of Independent examiner's report to the trustees ofm A B Charitable Trust ('the Company,) I report to the charity tru.%tee% on my examination of the account% of the Company foT the ycar ended 30 April 2024. 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 ot. 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 repon 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 201 l Act. Independent examiner's statement Since your charity's gross income exceeded £250.(M)O your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because l am a member of the Institute of Financial Accountants, which is one of the listed bodies. I have completed my examination. I coT]fimi that no matters have come to my attention in connectioT] with the examination giving me cause to believe- accouT]ting records w'ere not kept iT] respect of the Company as required by Section 386 of the 2006 Act- or thc accounts do not accord with thosc records- or the aLcounts do not Lomply with the acLounting requiremenLS of Section 396 of the 2006 Act other than any requiiernent that the dccounls give a true and fair view which is not a matter Considered as part of an independent examination; or th¢ accollnls hav¢ not b¢en prepared in accordance with the methods and principl¢s of th¢ SL9ment of R¢comm¢nd¢d Pra¢tic¢ for accounting and r¢porting by charities (appli¢abl¢ to chariti¢s pr¢paring th¢ir accounts in accordance wilh Ihe Financial Reporting SLdard 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 ihe accounts to be reached. Shoakat Zaman The InStite of Financial Accountants Eccounting UK AR Business Centre 12 The Crofts RutherhdITi South York5hiTe S60 2DJ 24 Fcbruary 2025 Page 2
M A B Charilable Trust Statcm¢nt of Financial Activili¢s for thc Year Ended 30 A ril 2024 30.4.24 30.4.23 Unretstrieted fund Restricted fund fijnds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 780,190 780,190 687,787 Investment incorne 90,464 90,464 112,059 Total 870,654 870.654 799,846 EXPENDITURE ON Charitable activities Charitable activities 884,698 884,698 795,963 Other 900 Total 884,698 884,698 796,863 NET INCOME/(EXPENDITURE) (14.044) (14,044) 2,983 RECONCILIA TION OF FUNDS Totsl funds brought fonvard 844,854 844.854 841,871 TOTAL FUINDS CARIUED FORWARD 830.810 830,810 844,854 The notes forni part of ibese financial statements Page 3
M A B Charitsble Trust Balanc¢ Shc¢t 30 A ril 2024 30.4.24 Total funds 30.4.23 Unrestricted fund Restricted fund funds Notes FIXED ASSETS Tangible assets 310,501 310,501 385,059 CURRENT ASSETS Debtors Cash at bank and in hand 12 9.727 546,134 9,727 546,134 9,727 485,619 555.861 555,861 495,346 CREDITORS Amounts falling du¢ within on¢ year 13 (35.552) {35,552) (35,551) NET CURRENT ASSETS 520,309 520,309 459,795 TOTAL ASSETS LESS CURRENT LIABILITIES 830,810 830,810 844,854 NET ASSETS 830,810 830 810 844,854 FUNDS Unrestricted funds 15 830,810 844,854 TOTAL FUNDS 830,810 844,854 The charitable company is entitled to exemplion from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024. The members have not required the company to obtsin an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that ihe charitable company keeps accounting records that comply with Sections 386 and 387 of the Companics Act 2006 and prcparing financi21 statcmcnts which givc a truc and fair vicw of thc statc of affairs of th¢ charitabl¢ company as at thc cnd of cach financial ycar and of its surplus or dcficit for cach financial ycar in aCCOTd2ncc with thc requirenient% of Scction% 394 and 395 and 'hIch Dthcnvi%e eomply with thc requirements of the Companies Act 2006 rcldting to financial stat¢mcnts, so flir a5 dpplicabl¢ to th¢ charitablc company. (b) The notes fonn part of ihese financial statements Page 4 continued...
M A B Charilable Trust Balanc¢ Shc¢t - continucd 30 A ril 2024 These financial statements have been PTepaTed in ac¢oTdance with the provisions applicable to charitable companies subject to the small Companie5 Tegime. The fmancial statements were approved by the Board of Trustees and authorised for issue on 24 February 2025 and were signed on its behalf by: ABougara A Bougara - Trustee 41ani K l J Al_Ani - Trustee The notes fonn part of ihese financial statements Page 5
M A B Charilable Trust Cash Flow Stalcmcnt for thc Year Ended 30 A Til 2024 30.4.24 30.4.23 Notes Cash flows from operating activities Cash generated from operations 60,515 107,340 Net cash provided by operating activities 60,515 107,340 Ch2nge in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 60,515 107,340 485,619 378,279 Cash and cash equivalents at the end of the reporting period 546,134 485,619 The notes forni part of ibese financial statements Page 6
M A B Charitsble Trust Notcs to thc Cash Flow Statcnicnt for thc Year Ended 30 A ril 2024 RECONCILIATION OF NET (EXPENDITURE)ItNCOME TO NET CASH FLOW FROM OPEIL4TING ACTIVITIES 30.4.24 30.4.23 Net (expenditure)lincome for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Decrease in debtors Decrease in creditors {14,044) 2,983 74,558 75,357 30,000 1,000 Net Cash provided by operations 60,515 107.340 ANALYSIS OF CHANGES IN NET FUNDS At 1.5.23 Cash flow At 30.4.24 Net cash Cash at bank and in hand 485,619 60.515 546,134 485,619 60,515 546,134 Debt Debts falling due within l year 32,540) 32,540 32,540 32,540 Total 453,079 60,515 513,594 The notes fonn part of ihese financial statements Page 7
M A B Charilable Trust Notcs to th¢ Financial Statcm¢nts for thc Year Ended 30 A ril 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The fmancial siaiements of the charitable company. which is a public benefil enlily under FRS 102, have been prepared in accordance with the Charilies SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Jreland (FRS 102) (effective l 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 Siatement 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 a5 s(yon as there is a legal or constructive obligation committing the charity lo that expenditure. it is probable that a transfer of econoiT]ic benefits ,111 be required in Settlement and the amount of the obligation can be measured reliably. Expenditure 15 accouT]ted for on an accruals basis and has been classificd undeT hcadings that aggrcgate all cost Telatcd to the category. Whtrc costs cannot be dircctly attributed to partiLular headings they have been allocated to activities on a basis consistent with the use of resources. Grants off¢red subj¢¢t to conditions which have not been met at th¢ y¢ar end dat¢ ar¢ noted as a ¢ominilm¢nt but not a¢cru¢d as exp¢nditur¢. Tangible fixed assets DeprecIalioamort1satioll is charged at following basis= Freehold building - 2 % at cost Leasehold property improi'ements - over lease period Plant and machinery- 25 /0 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 trnstees. Restricted funds can only be used for particular restricted purposes within the objects of the ¢haTity. Re5triction5 (Irise when specified by the donor or 'hen funds are raised for particular restricted puose5. Further explanation of the nature and purpose of each fund is included in the notes to the financial st2frments. Hire purchase and leasin% 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. Page 8 continued...
M A B Charilable Trust Notcs to th¢ Financial Statcm¢nts - continu¢d for thc Year Ended 30 A ril 2024 DONATIONS AND LEGACIES iO.4.24 30.4.23 Donations 780,190 687,787 TNVESTMENT INCOME 30.4.24 30.4.23 Rents received 90,464 112,059 CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note Support costs (see note 6) 5) Totals Charitable activities 105.076 779,622 884,698 GRANTS PAYABLE 30.4.24 30.4.23 Charitable activities 105,076 147,893 SUPPORT COSTS Governance costs Managcmcnt Financc Tot21s Charitable activities 762,454 4,227 779,622 NET tNCOMEI{EXPENDITURE) Net incomel(expenditure) is slaied after chargingl(crediting): 30.4.24 30.4.23 Depreciation - owned assets Other operating leases 74,558 26,165 75,357 21,923 Page 9 continued...
M A B Charitsble Trust Notcs to th¢ Financial Statcm¢nts - continu¢d for thc Year Ended 30 A ril 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023. STAFF COSTS Staff costs during the period were £226,276. io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIN'ITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOW'MENTS FROM Donations and legacies 687,787 687,787 Investment inLome 112.059 112,059 Total 799.846 799,846 EXPENDITURE ON Charitable activities Charitable actii'ities 795,963 795,963 Other 900 900 Total 796,863 796,863 NET INCOME 2.983 2,983 RECONCILIATIOLN OF FUNDS Total funds brought forward 841,871 841,871 TOTAL FUNDS CARIUED FORWARD 844,854 844,854 Page 10 continued...
M A B Charilable Trust Notcs to th¢ Financial Statcm¢nts - continu¢d for thc Year Ended 30 A ril 2024 TANGIBLE FIXED ASSETS Improvements to Fixtures and fittings Freehold property Plant and machinery propety Totals COST At l May 2023 and 30 April 2024 418,994 446,481 9,176 30,628 905.279 DEPRECIATtON At l May 2023 ChLlrge for year 148,618 8,380 341.380 63,783 6.963 553 23,259 ,842 520.220 74,558 At 30 April 2024 156.998 405.163 7,516 25,101 594.778 NET BOOK VALUE At 30 April 2024 261,996 41.318 1.660 5,527 310,501 At 30 April 2023 270,376 105,101 2,213 7,369 385.059 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.4.24 30.4.23 Other debtors 9,727 9,727 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE I"EAR 30.4.24 30.4.23 Other loans (see note 14) Accrucd cxpcnscs 32,540 3,012 32,540 3,011 35,552 35,551 14. LOANS An analysis of the maturity of loans is given below: 30.4.24 30.4.23 Amounts falling due within one year on demand: Other loans 32,540 32,540 Pagell continued...
M A B Charitsble Trust Notcs to th¢ Financial Statcm¢nts - continu¢d for thc Year Ended 30 A ril 2024 15. MOVEMENT IN FUNDS Net mO.ement in funds At 30.4.24 At 1.5.23 Unrestrieted funds General fund 844,854 (14,044) 830,810 TOTAL FUNDS 844,854 14,044) 830,810 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General nd 870,654 (884,698} (14,044) TOTAL FUNDS 870,654 (884,698) 14,044) Comparatlves for movement in funds Net movement in funds At 30.4.23 At 1.5.22 Unrestrieted funds General fund 841,871 2,983 844,854 TOTAL FUNDS 841,871 2,983 844,854 Comparative net movement in funds. Included in tbe al)ove are as follows: Incoming resources Resources expended Movemenl in funds Unrestrieted funds General nd 799,846 (796,863) 2,983 TOTAL FUNDS 799,846 796,863) 2.983 Page 12 continued...
M A B Charilable Trust Notcs to thc Financial Statcm¢nts - continu¢d for thc Year Ended 30 A ril 2024 15. MOVEMENT IN FUNDS - ¢ontinued A current year 12 months and prior year 12 montbs combined position is as follows.. Net movemenl in funds At 30.4.24 At 1.5.22 Unrestricted funds General nd 841,871 (11,061) 830,810 TOTAL FUNDS 841,871 {11,061) 830,810 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows= Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1.670,500 (1,681,561) {11,061) TOTAL FUNDS 1,670,500 (1.681,561) 11,061) 16. RELATED PARTY DISCLOSURES There were no related p}Y transactions for Ihe year ended 30 April 2024. Page 13
M A B Charilable Trust D¢lail¢d Siatcmcnt of Financial Activiti¢s for thc Year Ended 30 A ril 2024 30.4.24 30.4.23 INCOME AND ENDOWMENTS Donations and legaeies Donations 780.190 687,787 Investment income Renls received 90,464 112,059 Total incoming resources 870,654 799,846 EXPENDITURE Charitable activities Payments to other charities 105,076 147,893 Support eosts Management Wages Social secuTiIy Rent and rates Lnsurance Light and heat Telephone Postage and stationery Advertising Admin expenses Travelling Repairs and renewals Eqiiipment rental Depreciation of tangible and heritage aets 203,424 22,852 26,165 11,431 100,004 6,514 473 141 230,702 196,485 23,412 21,923 11,963 77,076 4,921 6,312 3,017 169,840 390 43,594 5,449 75,357 86,190 74,558 762,454 639,739 Finance Bank charges 4,227 3,262 Governance Cost$ Accountancy and legal fees 12,941 5,969 Total resources expended 884,698 796,863 Net (expenditure)/income 14,044) 2,983 This page does noi forn] part of tbe statutory financial statements Page 14