DoGuSign Envelope ID.. oAAEE74￿E3E48flF8432-5B321DSOA3oc REGISTERED CHARITY NUMBER: 1150312 Re rt of ihe TrUs￿eS and Financial Staiemenis for the Year Ended 31 Janua 2023 for Mdijina Instilut CWP Accountants Unii la 85 Greengate Manchester Laniashire M3 7NA Docusign Envelope ID. OAAEE74B-OE3E486W32-5B321D50A30C Madina Institute Contents of the Financial Statements tor the Year Ended 31 Janua 2023 Page Report of the TnLStees Indep¢ndent Examin¢Vs Report St4Lt¢m¢nt of Finan¢ial ALtLVIti¢s BalunLe Sheet Notes to the TrinanLial Siaiemenis 5 10 10 Detailed Staiement of Financial Actil'ities DoGuSign Envelope ID.. oAAEE74￿E3E48fl>8432-5B321DSOA3oc Madina Institute ort of the Trustees for the Year Ended 31 Janua 2023 The trusteeq present their report ￿'1th ihe financial siatemenrs of ihe chariry for ihe year ended 31 Januarv 2023. The trustees h￿ve ddopted the pruvision5 of ALcounting iind Reporting by Chatities.- State￿￿￿1 of Reconunended PraLtiLe appliLdble to charitic% preparing their accounts in accordance with ihe Financial RerN)ning Standard applicable in the UK and Republic of Ireland {FRS 1021 letTeciifve l JanLW 2019}. Structure, governance 4nd man4gemen¢ Go>erning document The charity is conirolled by governing documeni. a deed of trusi and consiitutes an unincorporated charity. Reference and admini5tratii'e detai15 Re%istered Charlty number 1150312 Prin¢ipAI addre55 2 BruL)kldnd5 Cvuri RoLhdul¢ OL4 IHU Tru5tee5 A Mdhmood S Hus%uin A Mahmood Indvpendent Examiner ('.WP ALLuulllullL4 CWP AiivunI￿L Unil la 85 (iT¢¢ngJl¢ Mdnihelter LunLd%hire M3 7NA 05-Oct-23 1 6:54 AM POT - and signed on iLs behalf by.. Approved by order of the board of trustees on . Trustee Page I DoGuSign Envelope ID.. 0AAEE74￿E3E486￿32-5B32lDSOA3oc Inde endent Examinews Re Madina Institute ort to the T￿￿Tee$ of Independent examiner's report to the trustees of ￿ladin4 Institute ieport to the charity t￿￿tee5 on Tnv examination of the accounts of Madina Institute (the Trust) for the year ended 31 January 2023. Respon5ibilitle5 and basis of report As the charity Inibtees of ihe Trus1 you are resFM)nsible for the prepardtion of ihe accounis in accordance with the requirements of the Charitics Act ?01 l ('the Act'l. I report in respect of my examinaiiort ofthe Trusi's aLcounts carried out under Seciion 145 of the ALI and in carrying out my examination I ha￿t follo￿.ed all applicable Directions giN'en by rhe Chari￿. Comniission under Section 145151{b) of the Act. Independent exarniner s statement I haiL complLILd my Lxaminaiion. I confim th￿ no material matters have come io my attention in conneciion with the examinatiort giving me Lause 10 believe that in any material respeci= accouniing records were noi kepi in respeci of the Tn￿1 as requir&J by Seciion 130 of the Act. or the ULLuun15 du not £LLLord wilh Ih05e reLords'. or the aciouDl% do not comply with ihe applicable TequiremenLs concerning ihe forn7 and content of accounts %et out in the Chariti¢% IALLuunis and Rewrts} Regulation.% ?1)011 oiher ihan any rtrqui1en￿nt that Ihe aCLtsUnl4 give a Irue and fyir vi¢w whiih is not a matter ¢onsid¢red &¥ part of an indepeTKl¢nt examination. I huve no LonLems and have come across no oiher Maile￿ in conrteciion wilh the examinaiion io which atienlion &hould be dra￿1 in this T¢POrt in order to enable a propeT undersianding of the accowils lo be reached. D78C80￿?314FI . CWP ALcounianLs CWP ALLLlunl￿tb Unil la X5 (iT¢¢ngat¢ MdnLhester LanLd%hire M3 7NA 12-oct-23 1 10:4S AM BST Page 2 DoGuSign Envelope ID.. oAAEF74￿E3E48flF8432-5B321DSOA3oc Madina Insiitute Statement of Financial Activities for the Year Ended 3 1 Janua 2023 31.1.23 Unrestricted fijnd 31.1.22 Toial fund5 Noies Income and endowments from Donations and legacies 182,848 186,228 F,xpenditure o Raising lunds 148.103 111,140 Othttr 168 Total 148.271 NET INCOME 34.577 75.088 Reconciliation of funds Tulul liinds bruubyhi lurwurd 203,155 128,067 Tot81 fund5 c&rrled forwaTd 237.732 203,155 The nO￿S forn) part ofihese financial swements Page 3 DoGuSign Envelope ID.. oAAEE74￿E3E48fl>8432-5B321DSOA3oc Madina Institute Balance Sheet 31 Jonua 2023 31.1.23 Unrestricted fund 31.1.22 Total funds Notes Flxed assets Tangible aisets 258,444 258,601 Current a5set5 Debtors Cash at bank and in hand 1,058 62.260 54,277 63,318 54,277 Credltors Amounis fallin¥ due within one year 113.798) 121.703) Net Current as$e¢s 49.520 32,574 Total Assets less current IiAbilitles 307.964 291,175 Creditor5 Am()unts lalling du¢ after mvre than on¢ y¢¥r 170.232) 188,020) NET ASSETS 237,732 203,155 unds Unre.%triLled fundb. 237,732 203.155 Total fund5 237.732 203.155 OS-oct-23 1 6: 54 AM PDT The financial slaiemenis were approved by the Bvard of TnJs1ees and auihorised for issue on and WCTL si¥ncd on its bchalf by.. D¢GuS￿￿•￿ br. A Mahmood- Tn￿tee S Husbain - Trustee The nO￿S forni part ofihese financial staiemen Page 4 DoGuSign Envelope ID.. oAAEE74￿E3E48fl>8432-5B321DSOA3oc Madina Insiitute Notes to the Financial Statements for the Year Ended 31 Janua 2023 Accounting policie5 Basis of preparing the financial statements The financial statements of ihe chariiy, ilhich is a public benefit eniity under FRS 102. have been prepared in accorddnce with the Charities SORP {FRS 102) 'Accouniing and Reporting by Charities.. Stdtement of Recotninended Praciice applicable lo charities preparing Iheir accounis in accordance with Ihe Financial Reponing Standard applicable in Ihe UK and Republic of Ireland IFRS 10?} {effeLlive l January 20191,, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ir¢land' and th¢ Charities Act 2UI l. The financial slatemenis have been prepared under the historical cosi conveniion. Income All inLome ib recogni5ed in the Siaiemenl of Financial ALlii'ilies once the chaiily has entiilement io the funds. it is probJbl¢ that the income will be received and th¢ anM)uni can be m¢asur¢d reliably. Expenditure LidbiliiiL% arL recogni$ed a$ expenditure a$ %M)n ihere is a legal or constructive obligation commiiting the charity to thiii exp¢ndi¢ur¢. il is probable ihai a iransfer ofeLonomic benefits w'ill be re4uired in seiilemtrni Ihtr amount of the obligTJI lion can be m¢asur¢d reliably. Expendiiur¢ is ac¢ounied for on an accnJ4ls basi￿ and has been cla4%ified under headin¥s thai aggregaie all cosi relaie¢J io the Laiegory. Where cannoi be direLily diiribuied io partlLular headin¥4 they have been ulloLated ID acti￿.ItIeS on a basis Lunsislenl ihe use of resourLe4. Tan%lblL. Ilxed assets Depr¢iidtion 1% prthvided ai the following annual rales in order io WTile off each assei over its estimaied useful life. Fixtur¢s and fitting5 250/(* on reducing balynce Taxthtlon ThL ¥hJriiy i¥ exempt from on ilb Lharitable acliviiies. Fund accountln Unr¢siriLled fLind% cart be ￿$¢d in accordance with the charitable obje¢iive% ai the discretion of the trustee4. Rebtrilted lunds only be used for paniLular restriLted purposes ￿1th1n the objects of the charity. Re.striLtitsn ari.%e when specified by the donor or when funtL% are raised for particular restricted pury)0￿. Further explanation of the nature and purpose of each fund is included in the notes to the financial btaiements. Penslon costs and other post-retlrement benefits ThL Lhdrity opcratL8 a dLfined LoniTibution PLnsion $cheTh￿. Contributions payable to the charity's pen￿lon scheme are charged to the Stalemenl of Financial Aclivities in ihe period to which they relate. Page 5 continued... DoGuSign Envelope ID.. 0AAEE74￿E3E486￿32-5B32lDSOA3oc Madina Insiitute Notes to the Financial Statements- continued for the Year Ended 31 Janua 2023 Raising funds Investment management costs 31.1.23 31.1.22 Rent collection 12.187 Trustees, remuneration and benefits There were no tn￿lee$, remuneration or other benefits for the year ended 31 January 2023 nor for the year ended 31 January 2022. Trustees, expenses There were no intsrees, expenses paid for ihe year ended 31 January 2023 nor for the year ended 31 January 2022. Staff costs Th¢ uv¢ryg¢ m()nthly numbeT of employ¢es during the year &s follows: 31.1.23 31.1.22 AverJge number of employees No employee¥ received emoluments in exce&% of £60,0(M). Compar*tives for the yt4temen¢ of fin4nci*l *cti%'i¢ies Unre4lTILted fund Income 8nd end0￿MeThI￿ from Dvncltiun% and leb>diie 186,228 Expendlture Raising funds NET INCOME 75,088 Re¢on¢ilialion of fund5 Total funds bruughi fonvard 128,067 Total fund5 tarried fornArd 203,155 Page 6 continued... DoGuSign Envelope ID.. oAAEF74￿E3E48flF8432-5B321DSOA3oc Madina Insiitute Notes to the Financial Statements- continued for the Year Ended 31 Janua 2023 Tangible fixed asset5 Fixtures and fiitings Frtthold property Totals Cost Ai l February 2022 Additions 255.831 2611.142 714 714 At 31 January 2023 255.831 13.025 268.856 Depreclatlon At l February 2022 c.harge for year 9.541 871 9.541 871 Ai 31 January 2023 10.412 10,412 Nei book i'4lue Ai 31 January 2023 255.831 2.613 25X.444 At 31 January 2022 255,X31 2.770 25X,601 Debtors: amounts falllnff due wlthln one year 31.1.23 31.1.22 Other debtor 1.058 Credlior$: #moynl$ f4lling du¢ within one )'¢*r 31.1.23 31.1.22 Trade CTediiors Taxation and social securily Oth¢r cr¢ditorb 7.709 2.336 3.753 3,215 310 18,178 13.798 21.703 Page 7 continued... DoGuSign Envelope ID.. oAAEF74￿E3E48flF8432-5B321DSOA3oc Madina Insiitute Notes to the Financial Statements- continued for the Year Ended 31 Janua 2023 Creditors: amounts falling due after more than vear 31.1.23 31.1.22 Other creditors 70.232 88,02U ns An analysis ot the maiuriiy of loans is g*ven below.. 31.1.23 31.1.22 Arnuunts fallin¥ between one and two yedrs: Other loan%. 1-2 years 70.232 A51,020 Movement In funds N¢t moiemeni in fund At 31.1.23 Ai 1.2.22 Unrestrleted funds G¢n¢rdl fund 203.155 34.577 237,732 TOTAL FUNDS 203.155 34.577 237.732 Net nM)vemeni in funds, included in ihe above are as follows: In¥oming resources Re4ourL¢b expended Moveinenl in fund% Unrestrleted funds ti¢n¢rdl fund 182.848 (148.2711 34,577 TOTAL FUNDS 182.8411 (148.2711 34,577 Cornparatives for movernent in fuThds Nct movernen¢ in funds At 31.1.22 Ai 1.2.21 Unrestricted funds General fi￿d 128.067 75,088 203,155 TOTAL TrUNDS 128,067 75.088 203,155 Page 8 continued... DoGuSign Envelope ID.. oAAEE74￿E3E48fl>8432-5B321DSOA3oc Madina Institute Notes to the Financial Statements- continued for the Year Ended 3 1 Janua 2023 Movement in funds- continued Colnparative net rnovement in ￿T￿ls, included in the above are as follows: Incoming r¢sources Rewurc¢s expend¢d Movement in fund% Unrestricted funds General fund 186,2215 (111.1401 75.088 TOTAL FUNDS 186.228 75.088 A Lurrcnt year 12 months and prior ycar 12 months combined positivn is &4 follows.. Nel moveTnent in fund At 31.1.23 Ai 1.2.21 Unrestricted fund (iLnLral liind 128.067 109.665 237,732 TOTAL FUNDS 128.1167 109.665 237.732 A LurTenl year 12 months and prior year 12 months combined nel movement in fvnds. inLlud¢d in The Jbove aT¢ U follows: In¥oming resources Re4ourLes expended Moveinenl in fund% Unrestrleted fundg ti¢n¢rdl fund 369.076 (259.4111 109,665 TOTAL FUNDS 369.076 (259.4111 109,065 Page 9 continued... DoGuSign Envelope ID. OAAEE74B-OE3E486W32-5B321D50A31 Madina Institute Notes to the Financial Statements- continued for the Year Ended 3 1 Janua 12, Related partv disclosures Mr Arshad Mahfftood and Mr Sajad Hussain are also trustecs in Planet Mercy {1151M)69). Page 10 DoGuSign Envelope ID.. oAAEF74￿E3E48flF8432-5B321DSOA3oc Madina Insiitute Detailed Statement of Financial Actii'ities for the Year Ended 3 1 Janua 2023 31.1.23 31.1.22 Income and endowments DoNation5 legacies Donations 182.848 186.228 Total incoming resources 182.S48 186.228 Expendlture Raislng donations and legacies Rut¥% un(1 W