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|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|||
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|||||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|
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|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||
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|||||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|
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||||||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|
##
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||||||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|
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|||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|
##
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||||||||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|
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||||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|
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|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|
##
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|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|
##
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|||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||||||||||