| Trustees | Mr. TShaikh | |||
|---|---|---|---|---|
| Mr. Y M Shaikh | ||||
| Ms. STSheikh | ||||
| Mr. SAhmad | ||||
| Mr. SAlim | ||||
| Mr. S M Shaikh | ||||
| Dr. H PAhmad | ||||
| Dr. AS Billoo | ||||
| Mr R Mohammed | Hadi | |||
| Charity | number | 1156440 | ||
| Principal | address | 30Oakthorpe | Road | |
| London | ||||
| N13 5JL | ||||
| Auditor | JF Francis Ltd | |||
| Francis House | ||||
| 2 Park Road | ||||
| Barnet | ||||
| Herts | ||||
| EN5 5RN |
| Page | ||||
|---|---|---|---|---|
| Trustees' Annual report |
1-7 | |||
| Statement | ofTrustees' | annual | responsibilities | |
| Independent | auditor's | report | 9-12 | |
| Statement | offinancial | activities | ||
| Statement | offinancial | position | 14 | |
| Statement | ofcash flows | 15 | ||
| Notes to the financial | statements | 16-25 |
| Below | i | s a | s | umm | ary | o | f | the pro | jects | supported from 2022 to 2023. |
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Items | Description | mount E | |||||||||
| International | Waqf | And | Relic | Distribution of funds to the poor to celebrate the end o |
E2,000 | ||||||
| Foundation | Ramadan. This was in Palestine. |
||||||||||
| Health | And | Nutrition | DevelopmentDistribution of funds specifically for emergency food |
212,500 | |||||||
| Society | packages in Gaza |
||||||||||
| Hands | International | Donations for food to break fast during Ramadan fo |
f3,750 | ||||||||
| Rohingya Refugees |
|||||||||||
| Holland | Bazaar | Cash | 8 | Carry | Food Distribution project during Ramadan with |
E2,075 | |||||
| GlobalOne 2015.The food packages were distributed |
|||||||||||
| o local needy families in partnership with Rumi |
|||||||||||
| Mosque, Ponders End Mosque, and Edmonton |
|||||||||||
| Mosque for 100beneficiary families |
|||||||||||
| International | Waqf | And | Relic | Distribution of funds for Specific Eid Gifts for 100 |
E5,000 | ||||||
| Foundation | Families in Palestine |
||||||||||
| IDA RIEU | Welfare Trust | For young deaf women in Karachi, MCEC provided |
E4,000 | ||||||||
| unds to establish a beautician training center |
|||||||||||
| Fitra-S | ADAM | Fitrana Donations was sent and distributed in various |
E2,000 | ||||||||
| locations (Kutch, Bhuj, Bihar, and Kohan) in India |
|||||||||||
| Imam | Bukhari Orphanage | Distribution of funds to provide Eid gifts to children in |
E2,000 | ||||||||
| Imam Bukhari Orphanage in Logar Province in |
|||||||||||
| fghanistan | |||||||||||
| Hands | International | Distribution of funds to the poor to celebrate the end o |
E1,500 | ||||||||
| Ramadan. This was for Rohingya Refugees |
|||||||||||
| Health | And | Nutrition | Development | Distribution of funds to the poor to celebrate the end o |
E3,500 | ||||||
| Society | Ramadan. This was in Yemen and Pakistan |
||||||||||
| L | - | Imdaad | Foundation | Distributions of funds to support the people in |
F25,000 | ||||||
| Emergency | food | relief | —JAPO | fghanistan facing famine and starvation. 350 Families |
|||||||
| ere provided food security, Improved nutrition and an |
|||||||||||
| alleviation ofsevere hardship |
|||||||||||
| arious | Qurbani | Qurbani on Eid and distributed to the poor families |
F2,500 | ||||||||
| Read | Foundation | Funding to open a READ Foundation school at Shah |
f12,000 | ||||||||
| Sarmast village, Gujrat |
|||||||||||
| Enfield | Borough | Over | 50s Forum | Funding to Enfield Over 50s Forum to support the |
F1,000 | ||||||
| provision of6 workshops and home deliveries of up to |
|||||||||||
| 300winter items to older people in need |
|||||||||||
| Hands | International | fter the floods in Pakistan, MCEC cosponsored with |
220,000 | ||||||||
| HANDS International, the rebuilding of two villages |
|||||||||||
| ith flood-resistant building designs. |
|||||||||||
| Hands | of Giving | Foundation | Funding to Hands of Giving Foundation to equip a |
f5,474 | |||||||
| sports club in Refugee Camps in Lebanon |
|||||||||||
| ction | for | Humanity | After the devastating earthquake in the Turkey/Syria |
617,000 | |||||||
| border areas, the community held a food fair and |
|||||||||||
| clothing drive to support the victims |
|||||||||||
| Islamic | Helping | Hands | UK | After the devastating earthquake in the Turkey/Syria |
222,900 | ||||||
| border areas, the community held a food fair and |
|||||||||||
| clothing drive to support the victims |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| 2023 | 2023 | 2022 | 2022 | 2022 | |||||
| Notes | |||||||||
| Income from: | |||||||||
| Donations and legacies |
465,227 | 147,948 | 613,175 | 507,675 | 74,908 | 582,583 | |||
| Investments | 48,400 | 48,400 | 29,891 | 29,891 | |||||
| Other income | 26,180 | 26,180 | |||||||
| Total income | 539,807 | 147,948 | 687,755 | 537,566 | 74,908 | 612,474 | |||
| Expenditure on: |
|||||||||
| Raising funds | 1,890 | 1,890 | |||||||
| Charitable activities |
329,664 | 144,447 | 474,111 | 317,962 | 79,081 | 397,043 | |||
| Investment property |
|||||||||
| expenditure | 10 | 23,521 | 23,521 | 7,309 | 7,309 | ||||
| Total expenditure | 353,185 | 144,447 | 497,632 | 327,161 | 79,081 | 406,242 | |||
| Net gains on | |||||||||
| investments | 45,000 | 45,000 | 20,000 | 20,000 | |||||
| Net income and | movement | in | |||||||
| funds | 231,622 | 3,501 | 235,123 | 230,405 | (4,173) | 226,232 | |||
| Reconciliation | offunds: | ||||||||
| Fund balances at 1 April | 2022 | 3,438,713 | 2,668 | 3,441,381 | 3,208,308 | 6,841 | 3,215,149 | ||
| Fund balances | at 31 March | ||||||||
| 2023 | 3,670,335 | 6,169 | 3,676,504 | 3,438,713 | 2,668 | 3,441,381 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Fixed assets | ||||||||
| Tangible assets | 13 | 1,326,503 | 1,369,833 | |||||
| Investment | property | 14 | 926,367 | 881,367 | ||||
| 2,252,870 | 2,251,200 | |||||||
| Current assets | ||||||||
| Debtors | 15 | 117,706 | 5,406 | |||||
| Cash at bank and in | hand | 1,317,822 | 1,234,704 | |||||
| 1,435,528 | 1,240,110 | |||||||
| Creditors: | amounts | falling due within | 16 | |||||
| one year | 11,894 | 49,929 | ||||||
| Net current | assets | 1,423,634 | 1,190,181 | |||||
| Total assets less current liabilities | 3,676,504 | 3,441,381 | ||||||
| The funds | ofthe charity | |||||||
| Restricted | income funds | 17 | 6,169 | 2,668 | ||||
| Unrestricted | funds | 3,670,335 | 3,438,713 | |||||
| 3,676,504 | 3,441,381 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Cash flows from operating | activities | |||||||
| Cash generated from operations |
21 | 37,710 | 270,076 | |||||
| Investing | activities | |||||||
| Purchase | oftangible fixed assets |
(2,992) | (5,792) | |||||
| Purchase | of investment property |
(486,367) | ||||||
| Investment | income received | 48,400 | 29,891 | |||||
| Net cash | generated from/(used |
in) | ||||||
| investing | activities | 45,408 | (462,268) | |||||
| Net cash | used in financing | activities | ||||||
| Net increase/(decrease) in |
cash | and | cash | |||||
| equivalents | 83,118 | (192,192) | ||||||
| Cash and | cash equivalents | at beginning | ofyear | 1,234,704 | 1,426,896 | |||
| Cash and | cash equivalents | at end of | year | 1,317,822 | 1,234,704 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| general | general | ||||||
| 2023 | 2023 | 2022 | 2022 | 2022 | |||
| F | F | F | F | F | |||
| Legacies receivable | 463,227 | 463,227 | 372,961 | 372,961 | |||
| Zakaat, | Fitrana and | ||||||
| Sadaqat | 2,000 | 147,948 | 149,948 | 134,714 | 74,908 | 209,622 | |
| 465,227 | 147,948 | 613,175 | 507,675 | 74,908 | 582,583 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| general | general | |||
| 2023 | 2022 | |||
| Rental | income | 48,400 | 29,891 | |
| 5 | Raising | funds |
| Total Unrestricted | |||
|---|---|---|---|
| funds | |||
| general | |||
| 2022 | |||
| Fundraisin | and | ublici | |
| Other fundraising | costs | 1,890 | |
| 1,890 |
| Charitable | Charitable | |||||||
|---|---|---|---|---|---|---|---|---|
| expenditure | expenditure | |||||||
| 2023 | 2022 | |||||||
| f. | ||||||||
| Direct costs | ||||||||
| Depreciation | and impairment | 46,322 | 47,267 | |||||
| Wages 8 salaries | 108,979 | 125,890 | ||||||
| Rates 8 water | 2,855 | 1,947 | ||||||
| Light &heat | 15,977 | 13,401 | ||||||
| Repairs &maintenance | 22,150 | 3,629 | ||||||
| Insurance | 3,494 | 4,386 | ||||||
| Motor vehicle | expenses | 6,159 | 2,843 | |||||
| Telephone | 513 | 859 | ||||||
| Other charity | operating | costs | 267,662 | 196,821 | ||||
| 474,111 | 397,043 | |||||||
| Analysis by |
fund | |||||||
| Unrestricted | funds | 329,664 | 317,962 | |||||
| Restricted funds |
144,447 | 79,081 | ||||||
| 474,111 | 397,043 | |||||||
| Net movement in funds |
2023 | 2022 | ||||||
| Net movement | in funds | is stated | after charging/(crediting) | |||||
| Fees payable | to the charity's | auditor for the audit ofthe charity's | financial | |||||
| statements | 3,600 | 4,200 | ||||||
| Depreciation | ofowned | tangible | fixed assets | 46,322 | 47,267 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| general | general | |||
| 2023 | 2022 | |||
| Rental | property expenses | 23,521 | 7,309 | |
| 11 | Gains | and losses on investments |
| Gains and | los | ses on inv | estments | ||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2023 | 2022 | ||||
| Gains/(losses) | arising on: | f | |||
| Revaluation | of | investment | properties | 45,000 | 20,000 |
| Tangible fix | ed asset | s | |||||
|---|---|---|---|---|---|---|---|
| Land and | Fixture and | Computer | Motor | Total | |||
| buildings | fittings | Equipment | vehicles | ||||
| Cost | |||||||
| At 1 April 2022 | 1,973,324 | 4,300 | 145,109 | 34,340 | 2,157,073 | ||
| Additions | 2,992 | 2,992 | |||||
| At 31 March | 2023 | 1,973,324 | 4,300 | 148,101 | 34,340 | 2,160,065 | |
| Depreciation | and impairment | ||||||
| At 1 April 2022 | 641,723 | 1,075 | 113,590 | 30,852 | 787,240 | ||
| Depreciation | charged | in the year | 39,467 | 806 | 5,177 | 872 | 46,322 |
| At 31 March | 2023 | 681,190 | 1,881 | 118,767 | 31,724 | 833,562 | |
| Carrying amount |
|||||||
| At 31 March | 2023 | 1,292,134 | 2,419 | 29,334 | 2,616 | 1,326,503 | |
| At 31 March | 2022 | 1,331,600 | 3,225 | 31,520 | 3,488 | 1,369,833 |
| Investment property |
||
|---|---|---|
| 2023 | ||
| Fair value | ||
| At 1 April 2022 | 881,367 | |
| Net gains or losses through | fair value adjustments | 45,000 |
| At 31 March 2023 | 926,367 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Freehold | 926,367 | 881,367 | |||
| 15 | Debtors | ||||
| 2023 | 2022 | ||||
| Amounts falling due |
within one year: | K | F | ||
| Other debtors | 114,900 | 2,957 | |||
| Prepayments | and accrued income | 2,806 | 2,449 | ||
| 117,706 | 5,406 | ||||
| 16 | Creditors: amounts | falling due within one year | |||
| 2023 | 2022 | ||||
| Trade creditors | 1,511 | 37,773 | |||
| Other creditors | 1,844 | 2,137 | |||
| Accruals and | deferred | income | 8,539 | 10,019 | |
| 11,894 | 49,929 |
| At | 1 | April | Incoming | Resources | At | 31 | March | ||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | resources | expended | 2023 | ||||||
| f. | f. | ||||||||
| 2,668 | 147,948 | (144,447) | 6,169 | ||||||
| Previous | year: | At | 1 | April | Incoming | Resources | At | 31 | March |
| 2021 | resources | expended | 2022 | ||||||
| 6,841 | 74,908 | (79,081) | 2,668 |
| At 1 April | Incoming | Resources | Gains and | At 31 March | ||
|---|---|---|---|---|---|---|
| 2022 | resources | expended | losses | 2023 | ||
| f. | f. | |||||
| General | funds | 3,438,713 | 539,807 | (353,185) | 45,000 | 3,670,335 |
| Previous | year: | At 1 April | Incoming | Resources | Gains and | At 31 March |
| 2021 | resources | expended | losses | 2022 | ||
| General | funds | 3,208,308 | 537,566 | (327,161) | 20,000 | 3,438,713 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2023f | 2023 | 2023 | |||
| Fund balances at 31 March 2023 are represented | by: | ||||
| Tangible | assets | 1,326,503 | 1,326,503 | ||
| Investment properties |
926,367 | 926,367 | |||
| Current | assets/(liabilities) | 1,417,465 | 6,169 | 1,423,634 | |
| 3,670,335 | 6,169 | 3,676,504 |
| 19 | Analysis of net assets between | Analysis of net assets between | Analysis of net assets between | funds | (Continued) | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||||||
| funds | funds | ||||||||||
| 2022f | 2022 | 2022 | |||||||||
| Fund balances at 31 | March 2022 are represented | by: | |||||||||
| Tangible assets | 1,369,833 | 1,369,833 | |||||||||
| Investment properties |
881,367 | 881,367 | |||||||||
| Current assets/(liabilities) |
1,187,513 | 2,668 | 1,190,181 | ||||||||
| 3,438,713 | 2,668 | 3,441,381 | |||||||||
| 20 | Related party transactions | ||||||||||
| There were no related | party transactions | during the | year (2022 - | none). | |||||||
| 21 | Cash generated from |
operations | 2023 | 2022 | |||||||
| F | |||||||||||
| Surplus for the year | 235,123 | 226,234 | |||||||||
| Adjustments for: |
|||||||||||
| Investment income recognised |
in | statement | offinancial | activities | (48,400) | (29,891) | |||||
| Fair value gains and losses on | investment | properties | (45,000) | (20,000) | |||||||
| Depreciation and impairment oftangible |
fixed assets | 46,322 | 47,267 | ||||||||
| Movements in working |
capital: | ||||||||||
| (Increase)/decrease in |
debtors | (112,300) | 2,406 | ||||||||
| (Decrease)/increase in |
creditors | (38,035) | 44,060 | ||||||||
| Cash generated from |
operations | 37,710 | 270,076 | ||||||||
| 22 | Analysis ofchanges | in net funds |