2024-05-31-accounts

MUSLIMS FUNERAL SERVICES LTD

The report of the trustees

For the period from 01 June 2023 to 31 May 2024

Introduction

The trustees who are also the directors of the Charity for the purposes of Companies Act, submit their annual report & the financial statements for the year ended 31 May 2024.

Full Name Muslims Funeral Services LTD Charity Registration Number 1149022 Charity Registration History 19 September 2012 Company Registration Number 07813696 Company Incorporated 16 May 2012 The Registered Office 73 Mitcham Lane, London, England, SW16 6LY

Objectives and Activities of the Charity

The charity provides relief from poverty and distress by offering financial assistance to individuals in need, helping with the burial of deceased family members in accordance with the Muslim faith, and offering information and support to those in such circumstances.

Income and Expenditure

For the financial year ending 31 May 2024, the charity's financial performance was as follows:

Total Income: £801,731 Total Expenditure: £793,160 Surplus: £8,571

The charity remains in a healthy financial position, with income exceeding expenditure for the year.

Share Capital

As a company limited by guarantee, MUSLIMS FUNERAL SERVICES LTD does not have share capital. This structure ensures that the charity is not focused on generating profits for shareholders but rather on serving its community objectives.

Trustees:

The charity is governed by three trustees who are responsible for overseeing the management and administration of the charity. The current trustees are:

• Yousuf Muhammad –Trustee

• Sadullah Tariq – Trustee

• Sadia Amran –Trustee

• Inamullah Tariq –Trustee

• Mohammad Tariq –Trustee

• Kaleem Ullah Tariq –Trustee

Trustees have not received any remuneration, payments, or benefits from the charity.

Principal Funding Sources

During the financial year ending 31 October 2023, MUSLIMS FUNERAL SERVICES LTD primarily relied on the following funding sources:

• Donations from Individuals and Local Businesses : Contributions from individuals and local businesses played a significant role in funding the charity’s services and initiatives.

The trustees express their gratitude to all funders, supporters, and volunteers whose contributions enable the charity to fulfil its mission.

Statement of the Responsibilities of the Trustees

In accordance with the Charities Act, the Trustees are responsible for preparing financial statements that provide a true and fair view of the charity's state of affairs and its surplus or deficit for the financial period. In preparing these statements, the Trustees are required to:

a) Select suitable accounting policies and apply them consistently;

b) Make judgements and estimates that are reasonable and prudent;

c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;

d) Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are also responsible for maintaining accounting records that disclose, with reasonable accuracy, the financial position of the charity, ensuring compliance with the Charity Acts 1993. Furthermore, they are tasked with safeguarding the

charity's assets and taking reasonable steps to prevent and detect fraud and other irregularities.

Small Company Exemptions

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005) and in compliance with the provisions of the Charities Act. Additionally, it adheres to the special provisions for small companies under Part 15 of the Companies Act 2006.

As a small charity , MUSLIMS FUNERAL SERVICES LTD qualifies for the audit exemption under section 477 of the Companies Act 2006. The trustees confirm that the charity has not been required to obtain an audit in accordance with section 476 of the Act, as members have not requested an audit.

Statement of Exemption from Audit

The trustees are satisfied that the charity qualifies for audit exemption under section 477 of the Companies Act 2006. Furthermore, no members have required the charity to obtain an audit in accordance with section 476 of the Act.

This report was approved by the board of trustees on 21/02/2025

Director and Trustee

Muslims Funeral Services LTD	Muslims Funeral Services LTD	Muslims Funeral Services LTD	1149022	1149022
Annualaccountsforthe period
Period start date	01/06/2023	To	Period end date	31/05/2024

Section A Statement of financial activities

Recommended categories by activity Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 S07 Resources expended (Note 6 & 11) Expenditure on: Charitable activities S09 Separate material item of expense S10 Other Expenditure S11 Other S12 S13 S14 Net gains/(losses) on investments S15 S16 S21 Reconciliation of funds: S22 S23 Total Net movement in funds Total funds brought forward Total funds carried forward Total Net income/(expenditure) before investment gains/(losses) Net income/(expenditure)	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Total funds 2024 Prior year funds 2023 £ £ F04 F05	Total funds 2024 Prior year funds 2023 £ £ F04 F05
	793,077	-	-	793,077	870,523
		-	-	-	-
	-	-	-	-	-
	-	-		-	-
	-	-	-	-	-
	8,654	-	-	8,654	14,135
	801,731	-	-	801,731	884,658
	715,604	-	-	715,604	819,440
	-	-	-	-	-
	77,556	-	-	77,556	64,177
	-			-	-
	793,160	-	-	793,160	883,617
	8,571	-	-	8,571	1,041
	-	-	-	-	-
	8,571	-	-	8,571	1,041
	8,571	-	-	8,571	1,041
	104,025	-	-	104,025	102,984
	112,596	-	-	112,596	104,025

1

Section B Balance sheet

Guidance Notes Fixed assets Tangible assets (Note 14) B02 Total fixed assets B05 Current assets Debtors (Note 19) B07 Cash at bank and in hand (Note 24) B09 Total current assets B10 Creditors: amounts falling due within one year (Note 20) B11 Net current assets/(liabilities) B12 Total assets less current liabilities B13 Creditors: amounts falling due after one year (Note 20) B14 Total net assets or liabilities B16 Funds of the Charity Unrestricted funds(Previous year Surplus) B19 Unrestricted funds(This year Surplus) Revaluation reserve B20 Total funds B21	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
	16,839	-	-	16,839	4,798
	16,839	-	-	16,839	4,798
	43,095	-	-	43,095	49,006
	54,905	-	-	54,905	52,262
	98,000	-	-	98,000	101,268
	- 2,241	-	-	- 2,241	2,041 -
	95,759	-	-	95,759	99,227
	112,598	-	-	112,598	104,025
	-	-	-	-	-
	112,598	-	-	112,598	104,025
	104,025		-	104,025	102,984
	8,571			8,571	1,041
				-
	112,596	-	-	112,596	104,025

2

CC17a (Excel)

21/03/2025

Section C Notes to the accounts

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Please provide a description of the nature of each change N/A in accounting policy

CC17a (Excel)

21/03/2025

3

Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Recognition of income Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. These are included in the Statement of Financial Activities (SoFA) when:  the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and  the monetary value can be measured with sufficient reliability. Donated goods Contractual income and performance related grants Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Support costs The charity has incurred expenditure on support costs. Volunteer help Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.	Yes No N/a	Yes No N/a	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
		
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			

2.4 ASSETS Intangible fixed assets Heritage assets Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. They are valued at cost. Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Investment gains and losses The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fixed assets for use by charity The depreciation rates and methods used are disclosed in note 9.2. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. They are valued at cost. These are capitalised if they can be used for more than one year, and cost at least Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments		Yes No N/a	Yes No N/a	Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
			
		Yes No N/a
			
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
			

Current asset investments The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. They are valued at fair value except where they qualify as basic financial instruments.	Yes No N/a	Yes No N/a	Yes No N/a
			
	Yes No N/a
			

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Note 6 Analysis of expenditure
Analysis Expenditure on charitable activities:	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds This year Last year
Charitable activities	715,604	-	-	715,604	819,440	-	-	819,440
Total expenditure on charitable activities	715,604	-	-	715,604	819,440	-	-	819,440
Other Expenditure
Depreciation:	8,406			8,406	11,305	-	-	11,305
StaffCost:	6,008			6,008	6,934			6,934
Premises Cost:				-
Rent	12,750			12,750	21,040			21,040
Light and heat	8,179			8,179	7,900			7,900
General administrative expenses:
Telephone & internet	1,913			1,913	2,617			2,617
Postage	11			11	-			-
Sationery and printing	539			539	287			287
Bank charges	779			779	801			801
Equipment expensed	4,124			4,124	5,441			5,441
Software	526			526	150			150
Insurance	240			240	241			241
Repair and maintenance	8,790			8,790	3,570			3,570
Legal& professionalcost:				-				-
Accountancy fee Fine and penalties Advertising andPR	2100 130 20908			2,100 130 20,908 2,153	1,920 - 1,971			1,920 - 1,971 -
Other legaland professional	2,153
	-
Other Expenditure	77,556	-	-	77,556	64,177	-	-	64,177
Other								-
Otherdirect cost				-				-
Total other cost	-			-				-
TOTAL EXPENDITURE
	77,556	-	-	77,556	64,177	-	-	64,177

CC17a (Excel)

21/03/2025

58

Section C Notes to the accounts (cont)

Note 11 Paid employees Please complete this note if the charity has any employees.

11.1 Staff Costs

This year: Last year: Salaries and wages Total staff costs Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party	This year £	Last year £
	6,008	6,934
	6,008	6,934
	N/A
	N/A

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party N/A

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer N/A pension costs) for the reporting period of more than £60,000

CC17a (Excel)

21/03/2025

59

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets 14.1 Cost or valuation

At the beginning of the year Additions At end of the year *Basis* Rate At beginning of the year Depreciation At end of the year Net book value at the beginning of the year Net book value at the end of the year 14.3 Net book value 14.2 Depreciation and impairments	Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
	-		23,994		23,994
	-	-	19,246	1,200	20,446
	-	-	43,240	1,200	44,440
	SL or RB (Straight Line or Reducing Balance)	SL or RB	SL or RB	SL or RB	SL or RB
	-		19,195		19,195
	-		8,006	400.00	8,406
	-	-	27,201	400	27,601
	-	-		-
	-	-	16,039	800	16,839

CC17a (Excel)

21/03/2025

62

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors Total

This year £	Last year £
-	-
43,095.4	49,006.0
-	-
43,095.4	49,006.0

CC17a (Excel)

21/03/2025

63

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

20.1 Analysis of creditors
Accruals for grants payable Other creditors Total	Amounts falling due within oneyear		Amounts falling due after more than oneyear
	This year £	Last year £	This year £	Last year £
		-	-	-
	- 2,241	- 2,041
	- 2,241	- 2,041	-	-

CC17a (Excel)

21/03/2025

64

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Cash at bank and on hand Total

This year £	Last year £
54,905	52,262
54,905	52,262

CC17a (Excel)

21/03/2025

65

Independent Examiner's Report

Charity Name: MUSLIMS FUNERAL SERVICES LTD

Charity Registration Number: 1149022

Financial Year Ended: 31 May, 2024

Accotax Chartered Accountants was appointed as the independent examiner for the charity during the year and has confirmed its willingness to continue in this role. This report covers the financial statements for the period from 1st June 2023 to 31st May 2024.

Respective Responsibilities of Trustees and Examiner

The trustees of the charity, who are also its directors for the purposes of company law, are responsible for ensuring that financial statements are prepared in accordance with the Charities Act 2011 and the Companies Act 2006. The trustees have determined that the charity does not require a full audit under the applicable law but is eligible for independent examination, based on the income and asset thresholds set out in the Charities Act 2011.

As the independent examiner, it is my responsibility to:

• Conduct an examination of the accounts in accordance with section 145 of the Charities Act 2011.

• Follow the Directions and guidance issued by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

• Report on any matters arising that should be brought to the attention of the trustees or the public.

Basis of Independent examiner’s report

My examination was conducted in line with the Charities Act 2011 and the Charity Commission's guidelines. It involved:

• Reviewing the charity's accounting records.

• Comparing the financial statements against the records kept.

• Seeking explanations from the trustees where necessary regarding unusual or significant entries.

This examination is less extensive than an audit and does not provide the same level of assurance. Consequently, I do not express an opinion on whether the financial statements present a ‘true and fair view,’ but my findings are limited to the following statements.

1 | P a g e

Independent examiner’s statement

Based on my examination, no issues have come to my attention that would:

• Lead me to believe that the charity has not kept proper accounting records in accordance with section 386 of the Companies Act 2006; or that the financial statements do not align with those records or fail to comply with section 396 of the Companies Act 2006.

• Suggest that further details are required to ensure the financial statements provide an accurate and complete understanding, in accordance with the Charities (Accounts and Reports) Regulations 2008 and the Statement of Recommended Practice (SORP) applicable to charities preparing accounts on an accruals basis.

Independent Examiner's Details

Independent Examiner's Name: Mr. Waqas Sagar

Professional Qualification: FCCA, ACA

Independent Examiner’s Address:12 London Road Morden, SM4 5BQ

Date: 28/02/2025

2 | P a g e