2023-03-31-accounts - Muslim Welfare House

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		Page
Report ofthe Trustees	1	to	11
Statement ofTrustees' Responsibilities		12
Report ofthe Independent Auditors	13	to	15
Statement ofFinancial Activities		16
Statement ofFinancial Position	17	to	18
Statement ofCash Flows		19
Notes to the Statement ofCash Flows		20
Notes to the Financial Statements	21	to	33
Detailed Statement ofFinancial Activities	34	to	36

					31.3.23	31.3.22
			Unrestricted	Restricted	Total	Total
			funds	fund	funds	funds
		Notes	5		8
INCOME AND ENDOWMENTS FROM
Donations and legacies		2	458,564	3,676	462,240	614,610
Charitable activities
Eden project			123,465	8,527	131,992	134,243
Quran school			20,388	12,918	33,306	26,369
Ramadhan project			77,756		77,756	25,785
COVID Grants				4,000	4,000	85,089
Community Project Grants				50,000	50,000	75,000
Compensation from Telford Home			35,004		35,004
Rental income			375,296		375)296	420,395
Profit on Sale ofFixed	Assets					100,534
Total			1,090,473	79,121	1,169,594	1,482,025
EXPENDITURE ON
Raising funds		5	93,060		93,060	43,149
Charitable activities
Mosque 4t community			945,155		945,155	887,941
Quran school			15,509		15,509	1,385
Sadakah						150
Zakatul Fitry				5,200	5,200
Ramadhan project			31,534		31,534	10,738
Community Project Grants						40,553
Exceptional Items						669,125
Total			1,085,258	5,200	1,090,458	1,653,041
Net gains on investments			1,016&911		1,016,911
NET INCOME/(EXPENDITURE)			1,022,126	73,921	1,096,047	(171,016)
RECONCILIATION	OF FUNDS
Total funds brought forward			14,872,338	120,888	14,993,226	15,164,242
TOTAL FUNDS CARRIED FORWARD			15,894,464	194,809	16,089,273	14,993,226

	STATEME	NT OF FINANCIAL 31MARCH 2023	POSITION
			31.3.23	31.3.22
		Notes	E
FIXEDASSETS
Tangible assets		14	12,530,294	13,475,395
Investment property		15	2,545,000	490,000
			15,075,294	13,965,395
CURRENT ASSETS
Debtors		16	687,851	567,566
Cash at bank and in hand			368&819	521,235
			1,056,670	1,088,801
CREDITORS
Amounts falling due within	one year	17	(42,691)	(60,970)
NKT CURRENT ASSETS			1,013,979	1,027,831
TOTAL ASSETSLESSCURRENT
LIABILITIES			16,089,273	14,993,226
NET ASSETS			16&089,273	14,993,226
FUNDS		19
Unrestricted funds			15,894,464	14,872,338
Restricted funds			194,809	120,888
TOTAL FUNDS			16&089,273	14,993,226

			STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
		FOR	THE	YEAR ENDED 31MARCH 2023
					31.3.23	31.3.22
			Notes			f
Cash flows from operating		activities
Cash generated from operations				1	62,370	(168,512)
Net cash provided by/(used		in) operating		activities	62,370	(168,512)
Cash flows from investing		activities
Purchase ofintangible fixed		assets				620
Purchase oftangible fixed	assets				(214,786)	(1,140,586)
Sale oftangible fixed assets						340,768
Net cash used in investing	activities				(214,786)	(799,198)
Change in cash and cash	equivalents
in the reporting period					(152&416)	(967,710)
Cash and cash equivalents		at the
beginning ofthe reporting		period			521,235	1,488,945
Cash and cash equivalents		at the	end
ofthe reporting period					368,819	521,235

OPERATING ACTIVITI	ES
			31.3.23	31.3.22
Net income/(expenditure)	for the reporting	period (as per the
Statement ofFinancial Activities)			1,096,047	(171,016)
Adjustments for:
Depreciation charges			121,798	135,358
Losses on investments			(1,016,911)
Profit on disposal offixed assets				(100,534)
Increase in debtors			(120,285)	(61,957)
(Decrease)/increase in creditors			(18,279)	29,637
Net cash provided by/(used	in) operations		62,370	(168,512)

	At 1/4/22	Cash flow	At 31/3/23
Net cash
Cash at bank and in hand	521,235	(152,416)	368,819
	521,235	(152,416)	368,819
Total	521,235	(152)416)	368,819

Freehold	property	2%on building
Long leasehold		2% on cost
Fixtures	and fittings	20%on cost
Computer	equipment	20%on cost

					31.3.23	31.3.22
Rents receivable					362,796	311,293
Rosemary Investment		Income			12,500	109,102
					375,296	420,395
INCOME FROM CHARITABLE ACTIVITIES
					31.3.23	31.3.22
			Activity
Eden income			Eden project		131&992	134,243
Eid party			Quran school		12,918
Quran School			Quran school		20,035	21,011
Books sale			Quran school		353	230
Income from trips			Quran school			5,128
Ramadhan Sponsorship			Ramadhan project		77,756	25,785
COVID Grants			COVID Grants		4,000	85,089
Community Project Grants			Community Project Grants		50,000	75,000
Compensation	fiom
Telford Home			Compensation	from Telford Home	35,004
					332,058	346,486
Grants received, included			in the above, are	as follows:
					31.3.23	31.3.22
Job Retention	Scheme				4,000	85,089

Raising donations	Raising donations	and legacies	and legacies
					31.3.23	31.3.22
Just giving	expense				126	216
Donations	to other	charities			39,800	2,300
					39,926	2,516
Other trading activities
					31.3.23	31.3.22
Bad debts						1,941
Investment	management		costs
					31.3.23	31.3.22
Council Tax &Service Charges					14&451	22,347
Property management					38,683	16,345
					53,134	38,692
Aggregate	amounts				93,060	43,149
CHARITABLE ACTIVITIES COSTS
					Support
				Direct	costs (see
				Costs	note 7)	Totals
Mosque &	community			687,766	257,389	945,155
Quran school				15&509		15,509
Zakatul Fitry				5,200		5,200
Ramadhan	project			31,534		31,534
				740,009	257,389	997&398

7.	SUPPORT	COSTS
					Governance
			Management	Finance	costs	Totals
				8
	Mosque &	community	214,362	3,379	39,648	257)389
8.	EXCEPTIONAL ITEMS
					31.3.23	31.3.22
	Exceptional	items				669,125

		31.3.23	31.3.22
Depreciation - owned assets		121,798	135,978
Surplus on disposal offixed assets			(100,534)
AUDITORS' REMUNERATION
		31.3.22	31.3.21
Fees payable to the charity's auditors	and their associates for the audit
ofthecharity's financial statements		3,800	3,500
Auditors' remuneration for non audit	work	3,400	3,400

KKY	MANAGEMENT
		31.3.23	31.3.22
Wages	and salaries	464&456	436,109
Social	security costs	29,281	21,950
Other	pension costs	1,974	2,560
		495,711	460,619

The aver	age	monthly	nu	mber ofemployees during the year	was as follows:
					31.3.23	31.3.22
Engaged	on	charitable	activities		28	28
Engaged	on	management		and administration	9	9
					37	37

COMPARATIVKS FOR THK STATEMENT OF	FINANCIAL ACTI	VITIES 31.3.2	2
	Unrestricted	Restricted	Total
	funds	fund	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies	145,017	469,593	614,610
Charitable activities
Eden project	134,243		134,243
Quran school	26,369		26,369
Ramadhan project	25,785		25,785
COVID Grants	85,089		85,089
Community Project Grants		75,000	75,000
Rental income	420,395		420,395
Profit on Sale ofFixed Assets	100,534		100,534
Total	937,432	544,593	1,482,025

COMPARATIVES continued	FOR THE STATEMEN	T OF FINANCIAL ACT	IVITIES 31.3	.22-
				Total
				funds
Raising funds				43,149
Charitable activities
Mosque &community		887,941		887,941
Quran school		1,385		1,385
Sadakah		150		150
Ramadhan project		10,738		10,738
Community Project Grants			40,553	40,553
Exceptional Items			669,125	669,125
Total		943,363	709,678	1,653,041
NET INCOME/(EXPENDITURE)		(5,931)	(165,085)	(171,016)
Transfers between funds		824,536	(824,536)
Net movement in funds		818,605	(989,621)	(171,016)
RECONCILIATION	OF FUNDS
Total funds brought forward		14,053,733	1,110,509	15,164,242
TOTAL FUNDS CARRIED
FORWARD		14,872,338	120,888	14,993,226

TANGIBLE FIXEDASSETS
			Fixtures
	Freehold	Long	slid
	property	leasehold	fittings
COST
At 1 April 2022	13,751,135	107)564	61&106
Additions	214,786
Reclassification	(1,086,766)
At 31March 2023	12,879)155	107)564	61,106
DEPRECIATION
At l April 2022	422,162	4,302	52,254
Charge for year	101,805	2)151	7,964
Reclassification/transfer	(48,677)
At 31March 2023	475,290	6,453	60,218
NET BOOK VA.LUE
At 31March 2023	12,403,865	101,111	888
At 31March 2022	13,328,973	103,262	8,852
	Motor	Computer
	vehicles	equipment	Totals
COST
At 1April 2022	9,075	44,694	13,973,574
Additions			214,786
Reclassification			(1,086,766)
At 31March 2023	9,075	44,694	13,101,594
DEPRECIATION
At I April 2022	4,538	14,923	498,179
Charge for year	2,269	7,609	121,798
Reclassification/transfer			(48,677)
At 31March 2023	6,807	22,532	571,300
NET BOOKVALUE
At 31March 2023	2,268	22,162	12,530,294
At 31March 2022	4,537	29,771	13,475,395

	FAIRVALUE
	At I April 2022					490,000
	Revaluation					1,016,911
	Reclassification					1,038,089
	At 31March 2023					2,545,000
	NET BOOKVALUE
	At 31 March 2023					2,545,000
	At 31March 2022					490,000
	The investment	properties	are stated at their fair	value determined	by trustees.
	FAIR VALUE at 31 March		2023 is represented	by:
	Valuation in 2023					2,545,000
16.	DEBTORS
					31.3.23	31.3.22
	Amounts falling	due within	one year:
	Trade debtors				26,320	106,174
	Other debtors				476,561	269,059
	Prepayments				6,970	14,333
					509,851	389,566
	Amounts falling	due afler more than one year.
	Other debtors				178,000	178,000
	Aggregate amounts				687,851	567,566

CREDITORS: AMOUNTS FALLING DUE WITH	IN ONE YEAR
	31.3.23	31.3.22
Trade creditors	490
Social security and other taxes	7,989	2,340
Other creditors	23,592	49,540
Accrued expenses	10)620	9,090
	42,691	60,970

ANALYSIS OFNET ASSE	TSBETWEEN FUNDS
			31.3.23	31.3.22
	Unrestricted	Restricted	Total	Total
	funds	fund	funds	funds
Fixed assets	12,530,294		12,530,294	13,475,395
Investments	2,545,000		2,545,000	490,000
Current assets	861,861	194&809	1,056)670	1,088,801
Current liabilities	(42,691)		(42,691)	(60,970)
	15,894,464	194,809	16,089,273	14,993,226

MOVEME	N	T IN FUNDS
				Net
				movement	At
			At 1/4/22	in funds	31/3/23
Unrestricted		funds
General fund			14,839,815	5,215	14,845,030
Revaluation		reserve	32,523	1)016,911	1&049&434
			14,872,338	1,022,126	15,894,464
Restricted	funds
Restricted	fund		120,888	73&921	194,809
TOTALFUNDS			14,993,226	1,096,047	16,089,273

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted funds
General fund		1,090,473	(1,085,258)		5,215
Revaluation reserve				1,016,911	1,016,911
		1)090,473	(1,085,258)	1)016,911	1,022,126
Restricted funds
Restricted fund		79&121	(5,200)		73,921
TOTALFUNDS		1,169,594	(1,090,458)	1,016,911	1,096,047
Comparatives for movement	in funds
			Net	Transfers
			movement	between	At
		At 1/4/21	in funds	funds	31/3/22
Unrestricted funds
General fund		14,021,210	(5,931)	824,536	14,839,815
Revaluation reserve		32,523			32,523
		14,053,733	(5,931)	824,536	14,872,338
Restricted funds
Restricted fund		1,110,509	(165,085)	(824,536)	120,888
TOTAL FUNDS		15,164,242	(171,016)		14,993,226

	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	937,432	(943,363)	(5,931)
Restricted funds
Restricted fund	544,593	(709,678)	(165,085)
TOTAL FUNDS	1,482,025	(1,653,041)	(171,016)

	FORTHE YEAR ENDED	31MARCH 2023
		31.3.23	31.3.22
INCOME AND ENDOWMENTS
Donations and legacies
Donations		400,492	145,007
Donation Overseas		61&748	469,603
		462,240	614,610
Rental income
Rents receivable		362,796	311,293
Rosemaiy Investment	Income	12,500	109,102
		375&296	420,395
Charitable activities
COVID Grants		4,000	85,089
Community Project Grants		50&000	75,000
Eid party		12,918
Quran School		20,035	21,011
Ramadhan Sponsorship		77,756	25,785
Eden income		131,992	134,243
Books sale		353	230
Income from trips			5,128
Compensation I'rom Telford Home		35,004
		332,058	346,486
Profit on Sale ofFixed Assets
Gain on sale oftangible fixed assets			100,534
Total incoming resources		1,169,594	1,482,025
EXPENDITURE
Raising donations and legacies
Just giving expense		126	216
Donations to other charities		39,800	2,300
		39,926	2,516
Other trading activities
Bad debts			1,941

	MUSLIM WELFARE HOUSE	MUSLIM WELFARE HOUSE	MUSLIM WELFARE HOUSE
	DETAILED STATEMENT OFFINANCIAL ACTIVITIES
		FORTHE YEAR ENDED 31MARCH 2023
			31.3.23	31.3.22
Other trading activities
Investment management		costs
Council Tax BcService Charges			14,451	22,347
Property management			38,683	16,345
			53,134	38,692
Charitable activities
Wages			464,456	436,109
Social security			29,281	21,950
Pensions			1,974	2,560
Insurance			24,538	9,802
Telephone			5,632	9,467
Postage and stationeiy			4,628	3,919
Sundries			1,204	9,316
Cleaning			17)783	11,640
Travelling			22,037	10,828
Website dr. software			11,293	5,379
Guests and food			2,131	1,929
Youth employment	project		1&069	13,009
Community Projects Costs			50,052	40,553
Ramadan Cost			31&534	10,738
Eid party cost			13,234
Sadakah				150
Repairs 6trenewals			43,941	79,908
CEO Expenses			4)123	1,574
Quran School cost			2,275	2,465
Victim support expense			2,794	2,111
Trustees Expenses			830	1,134
Zakatul Fitry			5)200
			740,009	674,541
Exceptional Items
Exceptional items				669,125
Support costs
Management
Rates and water			6,697	3,081
Light and heat			74,572	62,261
Advertising			9,496	895
Stafftraining Bcwelfare				1,568
Subscriptions			1,799	6,547
Carried forward			92,564	74,352

	FOR THK YEAR ENDED 31	MARCH 2023
		31.3.23	31.3.22
Management
Brought forward		92,564	74,352
Freehold property depreciation		101,805	117,876
Long leasehold		2,151	2,151
Fixtures and fittings		7,964	7,964
Motor vehicles		2,269	2,269
Computer equipment		7,609	5,098
		214,362	209,710
Finance
Bank charges		3&379	2,341
Governance costs
Auditors' remuneration		3,800	3,800
Auditors' remuneration	for non audit work	1,200	3,400
Legal fees		34,648	46,975
		39,648	54,175
Total resources expended		1,090,458	1,653,041
Net income/(expenditure)	before gains
and losses		79&136	(171,016)
Unrealised Gain on Revaluation
Unrealised Gain on Revaluation		1,016,911
Net income/(expenditure)		1,096,047	(171,016)