Mustafia Sharif FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 July 2024 REGISTERED CHARITYNO. 1156867
Mustafia Sharif INDEX Page Trustees Report Independent Examiner's Report Summary Of Income and Expenditure Accoun Balance Sheet Statement of Financial Activit18S Notes to the Accounts
MUSTAFIA SHARIF TRUSTEES. REPORT The trustees (management committee members) present their Report and the Financial Statements for the year Ended 31 July 2024. ststU8 Mustafia Sharif is a registered charity under the charity number 1156867. It has no taxable activities and is therefore not liable to UK taxation. It is, however, unable to reclaim VAT on expenditure incurred. Charity Registration No. 1156867 Trustee8 The trustees who held office during the year were as follows.. Mohammad Shah Shehzad Moin Ghulam Mustafa Abdul Salam Choudhery Banker8 HSBC 24 St Ann's Square Manchester M2 7HD Accountsnts Zaheer & Co , Chartered Certified Accountants , 63 Kingsway , Burnage, Manchester,M19 2LL OBJECTS To promote charitable purposes for the public benefit of individuals living or working in the United Kingdom , particularly in Mancheste for those in need by reason of youth, age, ill health, financial hardship or other disadventages without distinction of age, disability, gender, sexual orientation, race , politcal, religious or other opinions and in particular by.. The charity is a limited company by guarantee and is non-profit making. The promotion of improved health and wellbeing and the relief of povety and distress. To provide or assist in the provision of facilities and services that empower individuals to develop personaly. Relief of poverty and hardship, as well as the advancement of education globaly, Risks The trustees have taken steps to establish the risks to which the charity is exposed and have put systems in place to mitigate those risks.
MUSTAFIA SHARIF TRUSTEES, REPORT (cont...) Review of the Results The trustees consider that the results set out on pages 5 to 9 are satisfactory. They are of the opinion that the balance on the funds is sufficient to meet any future commitments. Fixed Assets The movement in fixed assets is set out in Note 8 to the Accounts. Trustees Responsibilities Charity law requires the trustees to prepare accounts for each financial year (or other accounting period) which give a true and fair view of the state of affairs of the Company and of its surplus or deficit for that year. In preparing those financial statements, the trustees are required to: select suitable accounting policies and apply them consistently., make judgements and estimates that are reasonably prudent; prepare accounts on a going concern basis unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the accounts comply with the Charity Act 1993. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In preparing the above report, the trustees have taken advantage of special exemptions applicable to small companies. Signed on Behalf of the Board: Chairperson Mohammad Shah 2024
MUSTAFIA SHARIF INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MUSTAFIA SHARIF I report on the accounts of Mustafia Sharif, registered charity number 1156867 for th¢ year end 31 st July 2024 which are set out on pages 4 to 9. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity's trustees are responsible for the preparation for the accounts in accordance with the requirement of the Charities Act 2011 ("the Act"). The charity's trustees consider that an audit is not required for this year (under section 43(2) of th¢ Charities Act 1993 (the 1993 Act) and that an independent ¢xamination is needed. It is my responsibility to.. examine the accounts (under section 145 of ihe 2011 Act) to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b} of ihe Act). and in accordance FRS 102 SORP to state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S REPORT: My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on ihe view given by the accounts, INDEPENDENT EXAMINER'S STATEMENT: In connection with our examination, no matter has come to my attention. (l ) which gives me reasonable cause to believe that in any material respect the requirements . to keep accounting records in accordance with section 41 of the Act. and . to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or (2) to which, in my opinion. attention should be drawn in order to enable a prop¢r under5tandtng of the accounts to be reached. Mr. Farroukh Zaheer (FCCA) Zaheer and Company Chartered Certified Accountants 63 Kingsway Burnage Manchester M192LL Date:
MUSTAFIA SHARIF SUMMARY OF INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2024 Notes 2024 2023 Income and Endowments Expenditure Net income lexpenditurel for the period (2) 155,078 145,807 9,271 92,139 86,194 5,945 (3} Net Income lexpenditurel before tax 9,271 5,945 Tax payable (4) Net income (expenditure) after taxation 9,271 5,945 Total Funds Brought Forward 8,644 2.699 Total Funds Carried Forward (11) 17,915 8,644 RECONCILIATION OF STATUTORY INCOME AND EXPENDITURE ACCOUNT TO SOFA Total Net Income for the year per SOFA- Page 6 Total Net Income as above 9,271 9,271 5,945 arried Forw Total funds Cthd per SOFA - Page 6 Retained Funds Carried Forward as above 17,915 8,644 8,644 The notes on pages 7 to 9 form part of these financial statements.
MUSTAFIA SHARIF BALANC HEET AS AT 31 JULY 2 24 2024 2023 Notes FIXED ASSETS Tangible Fixed Assets (8} 1,028 1,209 CURRENT ASSETS {9) 20,597 20,597 7,435 7,435 LIABILITIES.. Amounts falling due within one year (10) 3,710 NET CURRENT ASSETS 16,887 7,435 NET ASSETS 17,915 8,644 ACCUMULATED FUNDS Unrestricted Restricted (11) {11) 11,924 5,991 17,915 9,084 440 8,644 For the year ending 31 st July 2024 the charity was entitled to exemption from Audit under charities Act 2011. We approve these accounts and and confirm that we have made available all ther information and explations for their preparation, Approved on behalf of the Board Trustee Mohammad Shah Trustee Shehzad Moin Date: 2024 The notes on pages 7 to 9 form part of these financial statements.
MUSTAFIA SHARIF STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024 Year Ended 31.7.24 Totsl Funds Year Ended 31.7.23 Total Funds Notes Unre51ricted Restricted Endowment Funds Funds Funds INCOME AND EXPENDITURE INCOME AND ENDOWMENTS {2) Donations and Legacies Greater Manchester GMCVO Hedley Grant Manchester VEF Grant Main grants Mac¢ Grant Manchester Active Natwest MFT Forever Manchester Love Manchester Grant Salford Community 208 National Lottery Fund Yorkshire Grant Kickstart Canal and River Twst Manchester City Coucil One Manchester LIM Neighbourhood Grant BHA For Equality Manchester BME Work 109,160 109,160 1.000 3,000 920 20,000 400 100 1,500 4,998 4,000 5,000 62.522 1,000 3,000 920 20,000 400 100 1,500 4,998 3,500 5,000 500 10,000 7,927 4.420 5,520 250 1,000 500 5,000 5,000 TOTAL INCOME AND ENDOWMENTS 109,760 155,078 92,139 EXPENDITURE ON . Expenditure on raising funds (5) 8,219 8,219 7,126 Expenditure on charitable activities (6) 98,700 38,887 137,587 79,068 TOTAL EXPENDITURE (7) 106,920 38,887 145,807 86,194 NET INCOME (EXPENDITURE) NET INCOME BEFORE TRANSFERS 2,840 6,431 9,271 5,945 NET INCOMING (EXPENDITURE) NET INCOME FOR THE YEAR 2,840 6,431 9,271 5,945 Total Funds Brought Fop4vard 9,084 (440) 8,644 2,699 TOTAL FUNDS CARRIED FIWD {11) 5,991 17,915 8,644 The notes on pages 7 to 9 form part of these financial statements.
MUSTAFIA SHARIF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POLICIES The financial statements have been prepared under the historical cost Convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) the Accounting and Reporting by Charities. Statement ofrecommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16th July 2014 {SORP 2015) and the charities Act 2011. Income All income is included in the statement of financial activities when the charity is entitled to the income. en All expenditure has been reflected in the Statement of Financial Activities on accrual basis. Expenditure includes any VAT which can not be fully recovered and is reported as part of the Expenditure to which it relates. it lisation an De recia ion of Fixed Ass Fixed assets are included in the accounts at net book value. Depreciation is provided to write off the cost less the estimated residual value of tangible fixed asset8 over their estimated useful lives as follow8'.- 15 % on cost Fixture and fittings The organisation is exempt from income tax by reason of its charitable Status. Income tax suffered on investment income is reclaimed in full. The organisation aim to maintain sufficient reserves to cover three months running costs. INCOME AND ENDOWMENTS This represents donation receiveable for the provision of services to members. The company 1$ a non-profit making. NET INCOME (EXPENDITURE) 2024 2023 Net income (expenditure) is stated after charging.. Depreciation- owned assets 181 105 TAX ON SURPLUS ON ORDINARY ACTIVITIES
MUSTAFIA SHARIF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024l¢onl...) Expondlture on ralslng funds Unrestricted Restricted Funds Funds Total 2024 Total 2023 Notes Advertising and sponsorship DJ appeal Hire of Hall 1,219 7,000 1,219 7.000 6858 268 8,219 8,219 7,126 Expendlture on charitable activities UnTe51ricted Restricted Funds Funds Total 2024 Total 2023 Notes Charltablo oxpendlture Project expenses Kenya project Pakistan project India project Uk charitable activities Wages and nic Support cost 54,724 3,000 21,200 1,920 16,788 3,000 21,200 1,920 37,569 18,106 55,792 20,781 18,106 55,792 24,344 98,700 38,887 137,587 79,068 Analysls of 8UPPOrt costs Expendlture Expenditure on raising on charitable funds activities Total 2024 Total 2023 Accountancy & Payroll Wages and nic Pension Bank Charges Administration expense8 General expenses and maintenance Award cemiony Volunteers expenses Rent, rates and venue cost Print,advertising and marketing Telephone SubsGnptions and training Professional fees Travel and transport Insurance Sundry expenses Depreciation 480 21,305 225 190 2,425 4,340 200 1,362 4,322 8,171 1,048 1,068 3,934 3,838 2,657 46 181 55,792 480 21,305 225 190 2,425 4,340 200 1,362 4,322 8,171 1,048 1,068 3,934 3,838 2,657 46 181 55,792 13,635 196 5,790 202 2.140 534 1,095 647 105 24,344
MUSTAFIA SHARIF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024(cont...) TANGIBLE FIXED ASSETS Fixture And Fittings Total COST At 1 August 2023 1,428 1,428 At 31 January 2024 1,428 1,428 DEPRECIATION At 1 August 2023 Charge for Year At 31 January 2024 219 181 400 219 181 400 NET BOOK VALUE At 31 July 2024 1,028 1,028 At 31 July 2023 1,209 1,209 CURRENT ASSETS 2024 2023 Cash at bank Cash in hand 16,530 4,067 7,421 14 20,597 7,435 10 LIABILITIES.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Paye Accruals and other creditors 1,393 2,317 3,710 RESERVES Unrestricled Restricted Funds Funds Total 2024 Total 2023 Balance as at 31.7.2023 Add.'net income (expenditure) for the year Total Reserves 9,084 2,840 11,924 11,924 {440) 6,431 5,991 8,644 9,271 17,915 2,699 5,945 8,644 Balance carried forward 8,644