Cornpany registralitin number.. 08098742 Chafity iegislration number.. 1148223 Manarat Foundation {A company MIted ty guaratse) Annual ReF*Jt and Financi Stets forthe Ended 31 March 2024
Manarat Foundallon Contsnts Trustees, and Directors, R¢r4xt 3to12 Ststement of TAleas. Re$sibIlitieS 13 Indendent ExanMr*s Rewt 14 Statement of Flaal Aclivitie5 15 Balance Sheet 16 Statem¢nt of Cash Fkms 17 Notes lo the Finawal Statements 18to24 Page 2
Manarat Foundatlon Trustees. and DlrectoTr' Report The trnst¢es, who are rfirectors for the puryx)ses of eomwy ITh. present thè annual f8POrt t(yJether with the finana81 staterts and auditors. repKJrt ofthe clwilable rnpany for the year ended 31 Marth 2024. Objectives and activitS•s Objects and aims 1) To advance education and training. partrulaty trt ncrt ex¢iusNety anwjngsl d)ildren and yotlng people ofsclthl age by the provision of out of sthool and honw4¥ork dubs. 2) To advan the Islam faith indudit¥J the advaMl of relKJi¢x¢ ¢CatiOn and raising awarenèss of the tsilh., 3} To prevent or rdieve FX)verty by provi¢Jing orassisting in the provk%ion of educath)n, tsaining, healthcare projects and ajl the necessary supportdesigned to enable indmdualsto 9ènerale a sustainable in(xJme and bè 8&ff-sufficient To achieve all of the above Manarat FiyJnd8tion's team is workirKJ tirobssly on creab.ng a space where all their objectiv8$ can be achieved. cu more than haw of the lIthrj propct has been ts)mpJeled. ObJ•¢tives. strnt•gies and •ebvibvs Manarat Foundation has the frAhMrwJ X¥eS. 1) D¥ity Prayer Facalities. 2) Friday Prayer Faalities. 3) Eid Prayerfacilities. Induding for women and chiklTrn. 41 During the Hoty MtN)th of Flamadh8n Mlaar and TaraEeh Prayws are organised. 51 ReguL4r Islami¢ Educational Circles, for men. armj children. Publlc ljenefft The strateg RepNt has oullined in W, the mary arpas in whKh Ihe Charity Is providing a Public Benefit to the ujmmunty. The trustees confimi that they ha¥¢ cx)nwI wth the r8Juirements of section 17 of the Charits•s Act 2011 to hava due regard lo the publ tnefft guKlarrR pubIistr by the Charity Comrnission for England and Wales. A¢hievem•nts and porforrnance The year to 31 March 2024 has been arnAher suCrSfiJl year of ddivering services and actNrbes for the local Muslim community as w&ll as engaging vthh the wder communty. Otjr team of imams, tnjstoas and volunteèrs have worked ti188ty throughout the yw to serve cwr MmUnty. Manarat. in a short spac8 oflime. ha$ 8thEved the foJknirwJ.' EDUCATION Significant In¢Tea8e in numberof we•kday and w•akW Madrasgh Sludents Introduct ofadutt short coufs•s of Fiqh and Ta Weekty Dar5 of Hadith & Tafse4r CORE REUGIOUS SERVICES Five daily s¥lahs Jummah Sa Weekty reminder Youlh ha*a COMMUNITY OUTREACH Page 3
Training on haw & umrah Islamoph¢)bia awareness workshop and Inlerfarth diakngue DislrilXJtb of grfis and dawah packs to non-muslim neighbour5 Dua programme for kKal corr4nunty Fundraising for the wider Muslim communty Fanwty lurKlay Annual dinner and Award$ Cerem SERVICES FOR THE MONTH OF RAMADAM. 14AMADAN BULLETIN Once again. this year we published the Ramadan Bulletin. This contsined inf0mtiOn about R8madan and other articles relevant to this bl6ss8d month. The Bulleiin grves our ¢ommunty the necessary infgrmation to help thèm make their Mth offastWl9 more benthial & sixritual. 2-TARAWEEH PPAYERS Every year. in the month of daty Tara4v¢th prayers are hebj atthe lime ofthe Isha salah. These are led by a team of Huffaz. The lIatIOn (rf Ihe Qurfan is generalty mpleted on the 29th night of Ramadan. Athough attèndance levels vary over Ihe month. every night over 3C¥J people attendeJJ the Taraweeh players. &IARAND SUHUR SERVICE According to the Hadith of our bdoved prophet IPBUHI feedirwJ the fasting pwson is considered a very noble act. Messènger of Allah IPBUHI said, oever fe¢d$ a fastir4J person wll have a reward I that of ts fasting per50n, thOut any re(luction in his rvward." (Ahmad and AkNa8ai) Iftar was Provided daity for apprornatety 1150 indNiduals. On IS1On$ mora than 2(K) people took part. Iftar was pded for both brothw$ and sisters. This year suhur was pwded on the 27th night of Ramadan for both brothers and $i3teTS. More than 100 worshippers parficipated in the suhur. 44'TIKAF Manarat FourKlat*)n wov¥Jes llikaf faciltti.es fr)r bcal Muslim$ dumg Ihe lasl 10 days of Ramadan. This allows sxople to stay in thè masjid ovèmighl aThl to d8dth themselw to per30nd prayer and rerAtation of the QLtrfan. This year 10 brothets perfornied I'ltkaf. OTHER REGULAR SERWCES Outsid& the month of Ramadan, Manarat is the beating Iwrt of the W Muslim community and a venue from which a range of regular servKes are provided. FIQH OF RAMADAN PROGRAAIME Prior to the month of Ramadan. Manarat organi5es an opF¥xtunty to leam about the Fiqh of Ramadan. This year those attending the session Eeffted much from it and improved their kn(edge. The eventtook place on the 2nd of March 2024. The guest spèaker. Shaikh Haknb ul Ghafar Azhari. spoke alx)ut the essential matters of Fiqh corterning Ramadan. Additional, Sh. Kai Belal Wked about the pwtical ways in whiGh a person can maximize the rewards of this blessed month. Those attending the event left wth valuable insights on Fiqhi matters and how to make practical Changes to their lives to make the most of their time durw Ramadan. FIQH OF QURBANI PROGRAMME PwJe 4
Manarnt Foundation Trustees. and Diroctors, Report Understsnding Ihe sWJnifi¢n of OuTbani is 8ssenb.al lor Èvèry Muslim. Manatst Ftyjndation hosted a seminar on th Fiqh ol Qurbani on Friday May 24, 2024. The ant alm1 lo wjucate and remind the communty about the history and virtues of Qurboni. MANARAT RADIO SCANNER SERVICE The Azan (call to prayer) is an aLtrJitAe rt for the communty. reminding thern of the time ot prayer. This 18 especialty imwrt8nt tause the call is not openty broadcast in the UK. A Itve radio transmission lthrouoh a radio scanner) of the A28n and rrfjregational prayers is delivered at the time of e8ch of the fve daily prayers. The whole Jummah KhLrtabah is also broadcasted wa the sranner. The radKJ transmissions also allow for other programmes aThJ ev to be broadcast to the community. Thi5 15 a much valued and imwrtanl channel to keep our communty wff0ed ofamourvrrents and events. SISTERS. CIRCLE The orde k8 run by the sisters in BeNJall18ngue mainty. Athits are hdd montNy. and this yèar in¢luded'. 1. Eid reunion rbe$. 2. Hall trainiNJ 3. Regul8T tarbwah progrwnmes suth as darsul Qu¢an. darsul H•Jith and muth rMrB 4. Diseus8ions on seerah. knefjwhy of the sahabah. ummahatul m'Umien and. oth&r core towc4 of Islam were also covèred by the rArde. The sister8 also activety p8thpate in regularfvrKlrai5ing and charity eVts at ManaTat Foundal)n. ISLAMIC MARRIAGE SOLEMNIZ4TION Mariiage is a key tenet oftha tsachiry of Isbam. It thin this, thatfuture getW81itins of MLtslims are lo bom and r$1 in. Each yearwe provhle imams lo sobemnrLe the Islam marriage {Nikahl. In additvm to Islamic marriage, we also perfonn c4¥ matageS. Thi8 year, we condu¢ted aFvroximatdy 20 Nikahs. induding knlitatsng liMs. beiThJ attended by a Small number of participants. COUNSELLING Manarat offers counselling to the locd Muslim c4Jrnmunty. is avala8 on matters induding marrlage, dNorc¢, mentsl heallh and resofving famity disw. Many indpiiduals and familie$ made use of thas service over the year_ YOUTH CIRCLE A regular seNice f¢x our y¢th {boys & girfsl was run this year. Every FINYay evening various activibes take 8¢e such as swrts a(aivthes and short talk5 on Islam atKI raising awarene55 of current issues. Tho¥e corning to the youth arde re able to take part in table tenThs. srv)okerlpool as well as LM)xing skllls. We aim lo expand the activrtEs ng pmwded in the forthcoming year. The Youth otde gives our y(n9 mnberS of the (Jjmmunty a de(Scated time to use the bjilding, arKI this aims to inculcate in Ihem an aitathment to the masyd from an eaty ¥tw in thr lrfe. M is also a practical way of implementing one of our organisab.onal obiecbvès. SUPPORT FOR NEW MUSUMS PwJe 5
PAanarat Foundotlon Trustees. and Dlrectors. Report The gro%th of Islam continues apace, andwith pa55ing day rn0 individuals are embracing Islam. We provide a range ofsupport servirEs foroui new Muslim Èothers and sisters. Manarat hdps thèm to 8M more about Islam and in their ioumey tr) be¢oming rightecyjs persons. We m8ke sure they have the emtional and social 5UPF, espeCIty at key times of the yèar, e.g. EKI, Ramadan. HIRING FACIUTY Manarat provides tscilths, at a cost, for hoklirg Sm1 fiJItiOnS s as a(w8h, walimah and communty gatherings. Cu¥rentty, we onty faulitate sm1 fvnctions. As the onty Islam aryl mmunty tre within the aw. this is greaty received by the local Muslim community. Educatlonal sèr418 AUMIYYAH - SABAQ INAUGURATION The inauguration ofthe Sabaq program forthe Manarat lMyah dass w8$ t on Thursday, 8th February 2024. initial cohort of 10 students enfolled in the Alimwah program, and approximatÈty S) parbcipants attended th& Sabaq ses5K)n. The event commenced an insFiriThJ athjress by the chf guesL Muth Tosir Miah, who offered Valuab insights on the Ha<lith of Niyyah {intention). Additionaly, Prof. Khandaker Kabir U¢Jdin and Sh. Shahhl Ullah Azhari Sha their wsdNn aThJ guidance on the Importa of seeking knovA&Jge. 8nrKhing ts sessicffl Vilh thair athe 3nd experiences. Afterthe 8es8ion, light refreshmentswere seNed. ofleriTha a thance forattendees to laIa. n&tsYork, and reflect on thè speeces. MADRASAH CLASSES Manarat Academy has ¢)ver 200 studen15 btheen the ages of 416. Currenljy it provmles daly gvening and weekend Madrasah le¢atIon) cksses. Manaraf$ eveniThJ and weekend Madrasah daS provide high quaty Islam education. Having a thorough Ltnderstanding and religK)us grounding enabth our children to be a¢bve and spOnSible British ¢iten$ whilst maintaining their Islamic farth. Evening dass8s run Monday-Thursday between 5pm to 7wi. Weekend dasses a befvleen 108m to 1pm. Senior l&adèrs have ensur&J that 8afegua(diNJ. Falth & safety fir8t qualffied tea¢hers are part of the teathing slaff. In ordèrto achieve its educational goal$, marTat has devew a welkstrlthwt syjlabus and curriculum, which Is taught by a hhlY edutsted child friendty tèam. Al lehing staff #re DBS check. Qu81ified female te8chern deiNer Ihe iossons for the girfs ¢18S8e5. Children a taught, Qurfan recikion vrith ts, Hrfzul Qufan (selected Sur8hs and verses). Selected Hadith Imemori8ation th me8ningl, Seerah of the Prophet IPBUHI. Basic Aqaid. Masnoon du'aas meaningl and, Daily Fiqh (Islam Jurisprudence). AM$mleS are hebd monthty. aThJ stLKknts have also taken part in inter- Madras8h 181anwc comwtitions. HIFZULQURAN Our Hifz ul QLErfan classe5 arè avaiL9b durin9 the weekdays and weekends. fè8luring the following ¥¢hedule.' 1. MdaY to Thursday.. kn to 7pm 2. Saturday 8nd Sunday.. 10*n to 1pm ARABIC LANGUAGE COURSE FOR CHILDREN AND ADULT
Manaral provNles an Arab Language cour3e for thibjren. aiming to familKarise them wilh the languag@ of l$lam and foster a better understsnding of the Qurfan and Dw). This year. our Arabic course for children ran on s8rdsys from 12pm to 1pm and atted over 10 students. SELF DEFENCE CLASSES FOR YOUNG PEOPLE W8 8re currenlty wnniThJ r¥Jr Karate d838 wilh a gctsj numberofstudnts every Friday from 7pm to 8pm. An expèrt instructor the sessions. OTHER SERWCES DELIVERED FOR CHILDREN A nurnber of athvibes vRre organised to ccxncide with key ¢J8te5 in the Islam year. This year this h88 irEcluded'. Online IslamK quiz Qiraat competition Speech competition Progress on Renovabon %)rks aNJ rAan8 for fijbjre Feric•Js Wudu •rea Renovation w The renov8tion ofthe ¥AU area was required because of the cOnsbJerae wear and tear, which lèd to damage to the fltsjriftg. Work to renovate and rèpair was undertaken by a dedtC8ted ienovation team and included the installation of rw Ilooring, washbasins and rw water effiaent wudu taps. The total cost of the renovation amounted to £14.4C¥), and the w0ia vras Successty tyxnted within a fT-week limeframe Manarnt Foundation Trno Proie¢t The expansion ofthe services provJed by M8narat have taken a stepk)rwardthisy8arvth the purchaseofanother property. The Board ofTrustees has agreed to estsblish another branch should suitable pPety becnme avaiLab in the Yew Tree area. the blessing of Alah. the FouThJalion managed to find and purchase a proty. At present, a plann0 application has been l<xlged wilh the counol and we are awaiiing its outconw. Fln•ncial Teview During the year. the carrty raised £453k12023.' £33(l spent £233k (21Y23.' £165k). werating a net incom of £220k12023: £165k). At yearnd the charity had a q8r¢l e h#san of £281223. £450kl. Policy on rnseThes At year end, the d)arity's TeseNes sId at £1.1m12023.. £8WK}. of which £181k is restricted12023.. £175kl and £919k is unrestricted12023.. £705k). The holds gulfitaent reseNes in order to meet 115 wn14* needs. Going cone•m The Trustee8 feel confideftt that the charrty remwns a goin9 concem forthè fr4ltywing reasons -11 wll be abk to generate incryne to contribute to ils core running ojsts - 11 has sufficiént reserves to ¢over its core costs Page 7
Manaral Foundation Tru8te88' and Directors. Report strUre. governance and management Natur• olgovamlng document M¥naral Foundation is gov4med by Memorandum and Articlès in(xJrw8ted 8th 2012 as amended by Sla1 resolution{sl dated 13th Juty 2012 as amen ty $al re5Ul registered at Companies. House on 18th Ju 2012. Rocrulfyn•nt andappOInkn of thi$tees The Charity has fourfounding members and 2 otherTru5tees. They dd&vOn tho nwl of8 Trustee arises. Induction and training of Iwst4•s New Trustees a invrted vthen there a need wthin the thaiity. and a SLIIIab ¢anth"date with the required skill 8ets wll be invit8d based on the reqUIrer of the tharity. Bkground dwd(8 and traiThng is 81$0 part of the iThJuraion wocess. Alajorrlsks andmanag•m•nt of those iisks The Injstees havo assèssed the risks tha charity faces, are satiSfd with thè $ystsm8 arKI arrangements in a¢e lo rnanage the risks. Oryanisatlonal structure The organisational strudure of Manarat ts that the counal of mana9ement dldeS the running of the projèct. The fjle¢lion of the o)un¢il of management takes Pl as per ts lx)nstiluti of the Manarat. The followirvj positioThs a dotemined throu9h election for yea. 1. Chaiman 2. thaimian 3. Secr6tary 4. Joint Secretary S. Treasuref 6. Assistsnt Treasurer The Cunt nC41 of Monagnent members are: 1. Shaykh Mohammad Shahid UIEah (Presidenl) 2. Ustadh Muh8mmad Sarful Is18m {ve Pr•5thrrt) 3. Professor K. Kabir Uddin (Secretary) 4. Syed Kashrfmi (Joint Se¢retaryl Assistant Treasurer) S. Maulana Shaykh Belal Hossen ffreasuwl MF Advisory board: 1. Dr. M Millat-e-mustafa, l¥18mic Rdief 2. Dr. Ab¢Jl Kalam Azad. Editor, Monthty Zaitun. L(dOn 3. Mr. Favzur Rthman Choudhury MBE 4. Mr. Abdul Hamid. Msc, MA. Communty Lè8der. s1j S. Mr. Imran Salm, Chartered Accountant, Sojihull 8. Shaykh Abdur Rahrn8n Madan¥, Director, TV ONE Lon(kJn 7. Solicitor TahiT Abdullah, Wright Justice Solicitors 8. Alhaj Abdul Malek Parvez, Cwmunty Personal 9. Mr. Akram Bonham Ihit0} 10. DrAnwar Khi*er 11. Dr MA Khal6d Page 8
anarat Foundation TNstee8' and Directors. Report F Mosquo Flnance Commlttee 1. Shaykh Mohammad ShahKI Ullah 2. Mr. Shahidul Islam Mukul 3. Mr. Qamar Abbas 4. Mohammad Umairyaser 5. Abdul Qawi-Dayal MF PUha$a Comrnlttoe 1. Professor K. Kabir Uddin 2. Mr. Ronju Miah 3. Mr. Abid Ahrned 4. Mr. Mohammed Awin (Koyesl 5. Mr. Haroon Rashid 6. Mohammed Ai Raza MF Educayon Committèè 1. Professor K. Kabir Uddin 2. Sheikh Abdullah Al-mamun 3. Mr. Mamgir Khondaker 4. Mr. Jamil Ahmed S. U8t&Jh Muhammad UmairYa$ir MF Madrasah SMT 1. Professor K. Kabir Uddin 2. Ustsdh Muhammad Umair Yasir 3. Ustadh Yusufzaman 4. Ustsdah Naila Parveen 5. Vstsdah Bushra Bi MF Cornplex Propet Devel4)ent Commlttt• 1. Prof. Kabir Uddin 2. Mr. Akram Bonham 3. Mr. Hatun Rashk1 4. Mr. Hanrf MF Ev•nt Facillty and Parklng Managoment Commltt•• 1. Muhammad Saffijl Islam 2. Mr. Muhamrn8d Arabi 3. Mr. Iqbal Hussan 4. Mr. Abdul Aziz 5. Mr Sarful Antma 6. Mr Sayed Hasson 7. Kqr. Huss8in ASar 8. IAr Salman 9. Mr Nazrul Haq 10. Chowdhury Sohial 11. Ibrahim Jallo 12. MrAzad Miah 13. Abkl Ahmed 14. Iqbal Habib 15. Suleman Sheikh 16. Mohammed Ilya$ 17. Nadeem Din F Slsters Commltt#e 1. Mrs Yeasmin Arafat 2. Mrs Nasrin Akhtar 3. Mrs Umma Salma 4. Mrs Shaheda Parveen 5. Mrs Rukhsana Khan 6. Ustadah Nwla Parvin Pag8 9
- Mrs Rawshanara Begum
- Sister Sazia
- Mrs Qamar Abbas
- Mrs Ruty Shah
- Mr5 JahKla Sala
- Mrs Rugina Ab&Jin MF STAFF Muhamrnad Umair Yasir Head of centre, Imam & Teacher Arrf Rabbani- Head OfediKat. Imam & Teac*er Ubaid Ullah Shame Imam & Tethr Abdul Qawi MuaddhMI Bushra Bibi Teath Naila Parveen Teacher Tabasam Bibi Teachef Iman Hamadi Teacher T8manna Akter Ther Page 10
Referenc• and Adm1nlstratJ Dgtr11s Tntee$ Mr K8a Moh8mmad Belal Hossèn. Dirert Mr KhandakerABM Kabiruddin. DI[)r Mr Mohammad Shahidullah. Dtrecior Mr Muhammad Sarful Islam. Director Mr Syed KashrfAli. Director Mr Mohammed Nurul AWin, Dirack (Resigned 17 Feb %r24) Princ11 Cylke 155 New Coventy Rogd Sheldon Bimiingham West MidlarKIs B28 3DX Company Reglgtratlon Number 08098742 Charity Reglstrntion Number 1148223 Independent Ex•niner N8sir Rafiq Dua Govemance 12&131 Bradford Street Bradford Court Bimiingahm 812 ONS Flnanclal Instruments ObJ•ctlvts ?ndpolkl•s The charitys aclivities expose rt to a numter of finarKial risks indudiNJ credit risk, cash Ilow risk and liquidity risk. The use of finanrial derivatNè$ is goVerd by the charity's p(Jliixe8 approved by the trJard of trustees, whid) provide written pisnciples on Ihe use of financkgl derivatNes to manage these risks. The ¢harity does not use derivative financKg1 instmments for swlalNe wrposes. Llquldlty rik In order to maintain liquJty to ensure that suffirient funds are available for 9(¥ng operation8 and frJbJre devèloprnents, thè eharity uses a mixture of h)ng-term and short-term debt fire. Further (tails regarding INuKIty rtsk can be foLmd vi the Statemènt of accountirKJ poJi¢ies in the fina7 statements. Disclosurn of informatlon to auditor Each trustee has taken steps Ihat they (Kjghtto twe taken as a trustee in order lo make themsefves aware of any relèvant audit information and to estsblish thatth&thariVsauditor is aware of that information. Thetrustees confimi that there is no rdevanl infoffnakn that they knoAT of arKI of which thoy kntrw the 8udrtOf is unawa. Page 11
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Manardt Foundatlon ststoment of Trust•és' Responsibllltlos The Iruslees {who are also the direrAors of Manarat FcAJndation for the purwses of o)mpany lawl ar8 rgsponsibia for preparing the trustees. teFKJrt and the finanaal statements in e0rdanc with the United Kingd(xn Account'ng Stsndards Ivnited Kingdom GÈneraUy Accepted Accounb"ng PractKel and applicable law arKI regulations. Company law requires the trustees to prepare finaroal statements fore8ch financial year. Under CL%np8ny law the trustees must not approve the finanoal ststsments unless they are satisfied that they gwe a true and tsir view of the state of affairs of the charitable ComnY and of ils incwiing resour and applIon of resource5, includiThJ Its inctsme and expenditu. for that period. In prepan.ng these finanaal stateménts, the trustees are required to: select suitable acccyjnting poltse5 aFgty thn ConstentIY.' observe th8 methods and pripIeS in the Chwiiies SORP: m8ke judgements and esiunates that are reasole aThJ prudent state whether applicable UK Acccwnting Standards have be8n folbwed, subpct to any Matari dep8th5 disclosed and explaine(l in the financial statements: 8rHI prepare thè fin8rKaal statements on the going corKem basi5 unless it is irwpropriate to presume that the charitable rxjmpany will continuo in busine55. The trustees are reSWnsib for keewng Jequale auntIj records that SufficnI to show and èxp18in the charitable companvs transactions and disclosè wth reasonable 1racY at any tirne the financial position ofthe charitable eompany and enabk them to ensure that the finanaal statements comFAy the Compani&s kt 20LK. Thèy are also responsible fof safeguardin9 the assets of the charitsble Company and hence for taking wsonable steps forthe prevetth)n and detecti of lTrud and other irrnguk4rttEs. Page 13
Manarat Foundation Indendant Examiners Report to the trusteos of Manar•t Foundation I report lo the charity trustees my eXamW)al ofthe Unts ofthe charity forthè y8ar ended 31 March 2024 which 8re Set ryjt on pages 15 to 24. Respeth• r•8pon$ibilities 0ftruSt and exarniner As the charitys trust$ of Manarat FOundatiC {atxI 81$0 its directors fw the purpo of MpanY lawl you are re8ponsible for the preparalim of the acc(yJnts in accotd8rKe the requiremènts of thè cornpan Act 2ct6 I'the 20C6 Arfl. Having satisfied that the aCCniS of Man8r81 Foundation are not requsrad to be audit1 under Part 16 of the 2LX)6 Act and are eligible for independent examinth"on, I report in respect of my examinth.on of your charity'8 accounts as carried out under seth.on 145 ofthe Chariknes Act 2011 I'the 2011 ACYI. In carrying out wny examinat I have fcAl¢Ied the Directions given by thg Charity CommissK)n uThJer section 145151{bl ofthe 2011 Act. Indepondènt •xaminorf¥ statsrnont Sincè M8n8r8t Foundation's 9ros$ in¢xJme exceeded £250,¢JX¢ your examiner must be a MeMr of ¥ body in sècbon 145 of the 2011 ACL l ¢¢)nfirm that l am to undert the examination bwu8e l am a member of ICAEW. which is one of the listed todies. I have ctsryjleted my examinatbjn. I C{firrn that no mattèrs have cune to my attt)n in ¢onnoCtion with the examination gNirrfJ me cause lo bdieve.. 1. aco)untin9 re¢ord8 were not kept in reyrA of Manarat Four¥Jalion a5 rwuireJ by section 386 of the 20[ 2. the accounts do not 8(xord wth those re¢ords: or 3. the accounts do not compty with the aounting requirèmpnts of section 396 of th& Act other than any requiremènt tt)at the accoLtrts give a Iwe and fair whKh is not a matter cmsidered as part of an independent examinatK)n," or 4. the accounts have not begn Kepared in actordaThx wilh the melhods and prinryples of the Statem8nt of Recommended Practu for accounting and rewrting by Chare$ lapplieable to charitses preparing theFr aceotjnts in acLOtdgnce with the Filw91 Reporbng Standard 8ppIKable in the UK Republic of Ireland (FRS 10211. I have no cem$ and have comfr rO$S no other matters in conneclion wth thÈ examination to whh atténtion $hoult1 be awn in this report in ordér to enat4e a dsdIng ofthg ac(xNJnts to be fhl. Nasir Raffi ICAEW Dua Goveman¢e 1131 Bradford Str891 Bfadford Court Bimingahm 812 ONS Date". Poge 14
Manarat Foundation Statsment of Flnanclal Actlvtties for the Year Ended 31 ma h 2024 IlnGluding Income and Expendlture Account and Statement of Total Re¢ognised Gains and Lo$8esl Unrestricted Total 2024 In¢ome and Endowments from: Donation$ and legac 452,951 Total income Expendlturn on: Rai¥ing fund8 Charitable activthes 12.2881 12.2881 Tol81 expenditure 232,937 Nat i1 Net movement in funds 213. 6,051 220,014 Reconciliatlon Of fvnds Total funds brought forward 879 578 Tolal lunds ¢arrd foThvard 14 180.993 Unr•strlct•d funds Totsl 2023 Restrict funds In¢ome and Endowmonts from: Dwations atMI légac$ Total irKome 324.115 330,417 ExndItUre on.. Charitable activities Total expanditure 139,838 164.886 Net incomellexpenditurel Not movement in lund8 184.277 (18.7481 165.531 R•concilIati+ of funds Total fvnds broughl forward Totsl fvnds carrd forward 520.359 193.68B 14 879,578 AJI ofthtr charity's acbvibes derive from ti)ntinuing 0pw8llc during the above ts¥o wi¢és. The bjnds breakdown tr2023 is shown in note 14. Page15
IR•ghtradon numl)•r. 081)gZ74 8alan¢e Sh••t M ¥t 31 IAarch 2024 1.?.811 1.318,248 12 1(Q.121 78.182 13 191219 Funds olth? chrfty.. I.995 174.942 Tot•1 Iwd• 14 Trustse P? 16
IAanarat Foundation Statement of Cash FlovrJ for the Year Ended 31 MaKh 2024 2024 2023 Cash flows from opèrnting activitie Net cash Income 220.014 165,531 Adju$tments to cash fllxs frtyn nonacash itoms DeprerAation 27,437 247.451 19].579 Workhng eapitsl adjustments IDecrease}Ancrease in credit3 13 23.512 Net cash flows from operating activil 23.939 492.531 Cash flows from Inv•sting a¢li¥itses Purchas¢ of tangible fixed assèts 11 Net increase in 8nd ca8h equivalents Cash and cash equivalants al 1 ApFiI Cash and cash •quivaknts at 31 March 23.939 4,734 All ofthe cash flows are d8ri¥8d from continuirwJ operat*)ns thrirvJ the above two Feriods. Page 17
Manarat Foundatlon Notes to the Flnanclal Ststsm•nts for the Year Ended 31 March 2024 1 Charlty stat The charity is limited by share capital. irOItea in. The prinripal place of business 13.. 155 New Coventy Road Sheldon Birmingham West Midlands B26 3DX 2 Aceounting policles Summary of significant accountlng poll¢l•¥ and key •thIntIng •stimats The principal accounbng poliues applied in the preparab.on tsfthese finanryal StateMts aye set wt below. These policie8 have con$istenUy apFAied to all years FeBented, unl5 olhèMi5e stslwj. Statemènt of complian The financial statements havebeen prepa1 in accordancewith Actounting and Reporting by Charities.. Stslernent of Recommended Practice appluble to ¢harities preparing their a(zounts in accordance thè Finanual Reporting Standafd applicable in the UK and Republic of IreLand {FRS 1021 (effective 1 January 20151- ICharrtie5 SORP (FRS 1021}, Ihe Financial Re5X¢rting Stsndard awIcab in t1 UK and RepiCOf Ireland {FRS 1021. They also cc4npty wlh the Companies Ad 26 and Charth$ Act 2011. Ba81$ of preparatton Manarat Foundation meots the definibon of a benefft enty undw FRS 102. Assets and liabilibes are inibalty reco9nise(l at historical cost tranSaCtIon value unless othepistr 8tated in the relevant acojunting policy notes. Going conc•m The trustees consider that the are no matèn81 uncerlainlies aw the charitys abilty lo conb'nue as a going concem nor any 3ignificant areas of uertaInty that affeca thè carryiThJ value ofassets he]d by the tharty. Income and endo¥mients All incorne is rewgnised ono the charity has entitiemenl to Ihe income. it 1$ probalAe that the 1me will be received and the anyjunt of income rectable can be measured rdiably. Donations and 19gacles Donations are r8cognised when th¢ charity has teen notified in vfflting of both the alnounl and settlement dale. In the event that a donation is subjectto condiboA5 thal requirè a level ofperfomance by the charity beforethe charity IS anted to thè funds. the income is deferred and not recognised Un either those conditions are fulty met, or the fvlflment of those condibons is whdty wilhin the contrd of the chwity and it is probatk that these condrbons will be fulfied in the rewjrw wiort. Expondltur• AJI expenditure is recognised once there ks a legal or u)nstructNe (1[gation to that expendrture, r( is probaNe setdement is required and the amwnt can be ffl8asured reliably. All oxts are 811ocated to the applicable expenditur& heading that aggregate srmi18r costs to that rategory. costs cannot directly a)buted lo particular headings they have been all(Kgted on a basis ¢wsistent with the use of resour¢e5. wilh central Stsff costs all0ed on the basis of time spent, and depreciation charges all(Kated on the ports.on ol the asset's use. Other swjport costs are alkyxred based the swead of 8taff costs. Page 18
Manarat Foundatlon Notes to th? Flnanclal Statements for the Year Ended 31 March 2024 Raising funds The8e are costs incurred in athding volLwtsry irme. th¢ managerrrt of wwe5tments and incurr¢d in tr8ding activities that raise furKI$. Ch•ritaNe actlvhl8s Charitable expenditure comprisosthose costs iTh)Jffed by tho tharity in the delivery of its acbvitses and s9Thi¢g8 for tts beneficiaries. It indudes both >tS Ihat can be alktate(I directty to SLKh tltieS and those costs of an indirect nature necessary to support them. Support costs Support costs inctudè centrat fvnctions and have Lw •llocaled to activty cost categories on a b88is consistent with the use ol resources. for example. alICIng Kqxrty costs ty floor aws. or per capita. staff ctssts by the time spent and othgr costs by lhr Lwg8. These include the costs at1r1tlab to the ch8riVs coMla1)Ce vith constl1utaI and statutory Tequiremwts, includu)g au<li( strategic managemgnt arKI tru8tees's meeliThJ$ ond reimfxjrwj expense8. Taxatlon The charity is con8idered to pass the tests setoul in Paragraph 1 Schedule 6 ofthe Finance Act 2010 and therefore f( meets the definition of a charitable Company for UK C(ration tax purposes. Accordingly, the charity is potentialty exemptfrom taxation in respectof incorne orcapitat 9ains receiv thin ¢ate9ories covered by Chapter 3 Part 11 of the CotiOn Tax Act 2010 or of the Taxation of Chargeatle Gain$ Act 1992. to the extent thot such income or gains are appld exdusivety to thalilab purFKJse5. Tangible fixèd assets Indmdual fixed assets costing £XKJ.W or rrm arè irmlialty r)Ided * cost. less any subsequent acMUlath depreaation 8nd subsequent aCma impaimient k)sse5. Depreclatlon #nd amortlsatltsn Depreciation 18 provided on tsngle fed as*ts so as towrite off the cost or VUation. less any 88timated residual value. over Iheir expeded uwful eLK0M lrfe as k)Ihy•K'. Fixtures & Fitbng.. 15 years UEL straight line Land & 8uikliryJs'. 50 years UEL strai9ht lintr Cash and cash equlvalents Cash 8nd cash equN8lents cLfftprtseeash on hand and call deposits, and other short-term hlghty IlquKI investments that are readiiv conv8bIe to a kTr)wn amwnt ofcash 8nd are subject to an insignificant risk of change in value. Trado ¢redtto Trade creditors are obligations to w for or swvKes that ha¥8 baen acquired in thg ordinary course of businèss from suppliers. A(tounts payable are dassified as cJJrrent lbile$ rf the charity does not have an uncondthon81 right. at the end of the reporbn9 per. lo defer sètuement ofthe crèditor for at least tsyelve rnonths after the reporting date. W therè is an urthThJsts"onal right to defèr seluement for at lèast tsvelve months after the porting date. they are presented as non-wrrent IKabililies. Ti8de creditors arè recognised initsally atth8tranwAion price and subw4uenlly measured at amort¢sed Cost using thè effective interest rnethod. Page 19
Manarnt Foundatlon Notes to the Flnanclal Slatements for the Year Ended 31 March 2024 Borrowings Interest-bearing borrowings are inthalty recorded at fairvalue, net of tranSactrt wsts. Interest-bearing borrowing8 are subsequenty carried at amothsed ¢08t. wrth the dfftren bèhveen the proceed5, net oftransaction costs, and the amount due on redemption being racognised as a charge to the Statement of Fingrtryal ACtiveS overthe period of the relevant borrowing. Interest expense is rg)Jgnised on thtr of the etiVe interest is Iluded in interest payable and similar charges. Borrowing5 are dassffieo 88 eurrent liabilibes unless the th8nty ha5 an uncond1 right to dèfer settlement of the liabilty for at 8$1 twdve months after the rgporting date. Fund strU¢r• Unrestricted income fijnds 8re gerwl fijnds that a avaiL*b for use at the truslees's di$tion in furtherance of the objeth.vès ofthe charity. Rèstricted income funds are those (k)nated for Ltse in a par1118rarea or for Slfi¢ FWfPOSe$. the use ofwhich is restricted to that afea or purptsse. 3 Income from donations andltyacies Unr88tricted fund# Total 2024 Total 2023 General Restrletèd fvnd Donations and lagacieg.. Donations to major apFeals Educational A1ve$ Donation3 from indNiduals Gift aid reclaimed 6.051 6.051 .836 257,265 92.799 6,302 69,496 254,619 .838 257.265 92.799 330.417 4 Expendlturn on charitsblo athrl 2024 2023 Facility Cost Employment c 8,679 107.951 27,437 21,421 3,441 14,938 7.127 18.831 23,112 4.389 77.094 25,048 23,055 8.336 14,401 6,679 5,884 Food, ho¥)itlty and werts Grants Govemance utile$ Repairs and Maintenar Page 20
anarat Foundatlon Notes to the Financial Statements for the Yoar Ended 31 March 2024 S Anaty8E8 ofgoveman¢¢ ¥rKI Support costs Governance ¢osts Unrestrfctsd fvnd8 Total 2024 Total 2023 General Independent èxamirer fee8 Examlnation of the financAal statements Legal and prof•ssional fees 3.580 7.127 6 Net In¢¢mlntyoutgoing resourc¢s Net incoming rgsources for the year IlUde.. 2024 2023 De811n off assets 7 Trust0•8 r¢munerntlon 8nd *xpwMes No trustees, nor any persons connected wth them. hav& received any refflunwation from charity during the year. Page 21
Manarat Foundatlon Notsg to the Financial Statsments for the Year Ended 31 Mar¢h 2024 8 Staff costs The aggregate payr1 costs were as follw.. 2024 2023 Staff costs during the yearwor•: Wages and salaries No emoyee re¢wved emoluments ofmore than £60.CW during the year. 9 Ind&nOnt exarninerfs remungrati¢n 2024 2023 Examinaknon ofthe slatemts Page 22
ManaTat Foundation Notss to the Flnancial Statements for the Year Ended 31 March 2024 10 Taxatlon The tharity is a registered charity 13 there exemptfrom taxat. 11 Tangib Ilxed a$60ts Land and bullding Fumilure and equipment Total Cost AI 1 ADriI 2023 1442.150 Al 31 March 2024 39.S27 1442 150 Depr8clatlon Al l April 2023 Charge for the year 107,347 25, 16,555 1.531 123,12 27,437 At 31 March 2024 133.253 Net book valu• At 31 March 2024 1290811 Al 31 Marth 2023 1318248 12 C•¥h and cash equl¥alerts 2024 2023 Cash on hand Cash at bank 102 121 13 Credltors: •n¢unts falllng within one y•ar 2024 2023 Other creditors Qatd e Hasanah- conxnunty k>ans Accruals 63,372 516.852 Page 23
Manarat Foundation Note5 to thè Financial Statements for tho Year Ended 31 March 2024 14 Funds Balance at 1 Awil IncomiThJ 2023 Balanc• at 31 Ilarch 2024 Unrostrlctsd funds General 704.836 (232.93n 918,599 R8strict•d funds 6,051 Total funds 879 578 1099 592 15 Analysls Of n•t assets bet*wi funds Unr•stri¢ted funds Gènèral Restricted funds Total funds Tangible f¢xed assets Cufrent assets Current liabilibe$ 1.214,601 102,121 56.713 152.1)J9 1,366.810 102.121 Total net a$t8 152,D39 1 112.018 Unrestrlctod fund8 Total funds at 31 Restrlcted funds March 2023 G•n•ral Tangible fixod assets Currènt assets Current liabilÉb"e$ 994.971 78.182 174.942 1,189,913 78.182 Total net a88ets 619.673 Page 24