Table of Contents
| Table of Contents |
|
|---|---|
| Chair and CEO's message | 3 |
| Constitutional Information | 5 |
| Who we are | 6 |
| The Kindness of Strangers | 8 |
| Our Activities and achievements | 9 |
| Risk Management | 28 |
| Future Plan | 29 |
| Financial Review | 30 |
| Compliance with Regulatory Requirements | 31 |
| Banking and regulatory Restrictions | 32 |
| Structure, Governance and Management | 33 |
| In preparing the financial statements | 35 |
| Pension | 37 |
| Financial Report | 38 |
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Chair & CEO's message Asalamu'alaikum Warahmatullah, Peace and blessings of Allah be with you. All praises are due to Almighty Allah, who enabled us to continue our mission of serving hu manity during these uncertain and challenging times. The Covid'19 pandemic impacted our lives in all manner of shape and form. Our professional work was no different. The ongoing pandemic had a direct impact on how we operate in the United Kingdom and abroad. We had to adjust and adapt to this deadly virus and its spread across the world. It had a direct impact on our programmes delivery and our finances. As a result, we had to make significant alterations to our budget and the delivery plans.
The national lockdown in the United Kingdom pushed us into unfamiliar waters, where the very existence of our organisation was at stake. As the traditional sources of income and do nations were no longer available to us, we were at the risk of losing most of our colleagues and our capacity to deliver our programmes with it. With the timely introduction of the gov ernment's flexible furlough scheme, we were able to secure the services of our talented and hardworking colleagues, albeit on reduced hours.
We, as a charity, have a long tradition of helping vulnerable communities during various crises. As Covid-19 emerged as the most significant global health emergency, we were doubly keen to serve people.
We adopted a new communications strategy to connect with our donors and communities. We overhauled our digital media comms and started using these platforms as primary channels of engagement. By the grace of Allah, we not only survived, but we are growing as an organisation.
At the same time, we rolled out our Covid Emergency Response campaign in the United King dom to help vulnerable communities with food supplies. This campaign allowed us to part ner with multiple funding institutions and volunteer groups locally.
Over the year, the charity was able to recover from the initial challenges of Covid-19. We im proved our financial situation, thus continuing our commitment to our beneficiaries, sup porters, and colleagues. The charity is now moving towards relative stability and a period of sustainable growth.
Throughout our Covid Emergency campaign, we remained committed to the health and safety of our colleagues, volunteers, and the people we were serving.
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We provided 198,020 meals to vulnerable people worldwide during this campaign, including 50,460 meals in the UK. We also offered halal meals to frontline NHS staff in different hospitals. We have also provided psycho-social supports to around 200 people.
The Covid 1-19 had a significant impact on the delivery of our flagship Little Hearts programme. We have to postpone our planned Little Heart missions in 2020. However, we were able to deliv er our other critical programmes in various parts of the world.
We successfully started our work on cataract and maternal mortality, although the delivery volume was significantly reduced. In 2020, we had initially planned to perform 3000 cataracts surgeries in Chad. Due to the pandemic, we only managed to deliver 1000 surgeries. The opera tions were conducted by the Chad Ministry of Health, funded by us and our partners, Alliance of International Doctors, Istanbul. We are planning to deliver the rest of our commitment to Chad in 2021.
Sierra Leone has one of the world's highest maternal mortality rates. At an estimated 1,165 deaths per 100,000. In 2020, we successfully developed and initiated a midwifery training pro ject to combat this problem.
In Islam, giving water is considered the best charity. Muntada Aid has provided safe drinking water solutions to communities in for the past 30 years. In 2020, despite all the challenges due to Covid, we installed over 160 water wells in Asia and Africa.
In 2020, Muntada Aid restarted its child sponsorship programme "Enlightened Smiles" to edu cate vulnerable children in economically disadvantaged countries and provide sponsorship to 206 children in 5 African countries.
Muntada Aid has also started constructing a primary school in Suq, Ethiopia, aiming to extend access to education by providing children with a modern school building, teachers, water, sanitation, and hygiene facilities. The school will facilitate the education of at least 150 children from the local community.
We also managed to provide more than a million meals to over 230,000 beneficiaries during the month of Ramadan and Qurbani through Feed the Forgotten programme. We have alsofrovid ed emergency food and household necessities to refugees of Yemen and flood victims o Sudan.
At the heart of the Muntada Aid are its volunteers. Muntada Aid is now actively sponsoring and organising sporting events in the UK to provide our volunteers with opportunities of staying fit, expressing themselves through sports and at the same time helping vulnerable communities. In 2020, we involved over 100 volunteers through sports activities like running, cycling, and boat racing and raised above £70K for various projects through this unique partnership with young professionals and students.
As a responsible international charity, we remain committed to the process of due diligence on the economic, ethical and extremism front. We perform regular checks on all our existing and new partners in the field. We also have a thorough due diligence process in place for marketing and fundraising partnerships.
At Muntada Aid, we believe that our partners are our greatest assets. They allow us to reach the communities and people otherwise challenging to reach and engage. That is why, whenever possible, we keep on building new relationships and continuing working with our existing part ners. In 2020, we signed a General MoU of cooperation with UNRWA, Muslim Aid Sweden, North American Humanitarian Aid and Relief (NAHAR).
It is a fact that 2020 presented us with challenges that were unique and unchartered. It made us adjust our style of working, communications and delivery of our projects. But these challenges came with their own set of opportunities. With support from various quarters and the need to innovate, we managed to survive and grow. This stability will allow us to extend the scope of our programmes to more people in the coming years.
May Almighty Allah enable us with the best of His blessings to continue serving humanity, Ameen.
Musaed Bin Ajlan, Chair
Hamid Azad, CEO
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Main Objectives Q9
To reduce poverty by providing or assisting in the provision of: education, healthcare, WASH and alternative income generation programmes as well as the necessary support required to enable individuals to generate a sustainable income and thus become self-sufficient. The fulfilment of the above objectives is enshrined in our mission statement.
Mission Q9
Our mission is to develop healthy and sustainable communities worldwide. Through implementing our innovative social, economic, education, and health and wellbeing programmes, we want to empower those denied social justice and human dignity, in order to make a lasting change in the world.
Vision Q9
A caring and dignified world where everyone is free from poverty and has access to education and healthcare.
Values Q9
Guided by the teachings of our Prophet and our Islamic principles, Muntada Aid has adopted the 'I CARE' model of values.
I
lnspiri�I Hope we believe that the world can be a better place, and our hope is that our actions will inspire others to be part of the change.
C Caring & Compassionab Our work is founded on showing care and compassion to all those that we work with.
A
Accountabil it}
& Integrity
For us, having integrity means that we take responsibility for our actions and hold ourselves accountable in all that we do.
R Respect & Dignity we will show respect & preserve the dignity of all those we work with by treating others as we wish to be treated.
E Excellenc,
In working towards making the world a better place, excellence is the standard we set ourselves both in our conduct and our actions.
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You Have Changed Samuel[1] s Life
Samuel Kawere is eight years old. He was suffering from severe pulmonary stenosis and had to go through a pulmonary balloon Valvoplasty procedure to remove the stenosis (narrowing) of the pulmonary artery.
His father works as a motorcycle mechanic with a monthly income of $70.
His family could not support his intervention until now.
He was referred to our Little Hearts mission by the Uganda Heart Institute, where our team of internationally renowned paediatric cardiologists performed the intervention
Congenital Heart Disease (CHD) is a defect in the heart that a baby is born with. It affects 1 in 100 births around the world and can be treated with an invasive/non-invasive heart opera tion at birth, depending on the type of heart defect.
In poor underdeveloped countries, the lack of specialised medical infrastructure in develop ing nations means babies born with congenital heart defects have little to no access to criti cal treatment
Muntada Aid believes ignoring this deadly killer is tantamount to a death sentence on the many babies afflicted with this disease.
M U N T A D A (gAID FEED'FORGOTTEN Ramadan 2020 Generally our Feed the Forgotten programme operates in 23 countries. The programme is aimed to fight hunger in countries which have some of the highest rates of malnutrition due to political, climatic and economic situations. 15
M U N T A D A fy)AID During Ramadan, our Feed the Forgotten project distributed food provisions for a whole month in 9 countries. 32,000 BENEFICIARIES SERVED 16"
ACROSS 9 COUNTRIES 4.200 21.000 42.000 23.800 MEALS MEALS MEALS MEALS BENIN ETHIOPIA GHANA MALI •)• 9.800 15.260 7.000 24.500 MEALS MEALS MEALS MEALS NIGER SUDAN TOGO UGANDA CORONAVIRUS UK RESPONSE During this difficult time. a food delivery programme was set up for the most vulnerable people and key NHS workers. 50.460 MEALS 17
198,020 MEALS SERVED GLOBALLY THE BEST OF PEOPLE ARE THOSE THAT BRING MOST BENEFIT TO THE REST OF MANKIND Prophet Mohammed (PBUH) Our mission is to develop healthy and sustainable communities worldwide, to empower those denied social justice and human dignity, in order to make a lasting change in the world. 18 Charfty Reglslratlon No: l 157117
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Organisational Structure:
A change process was completed in August 2019 giving rise to operational alignment and greater efficiencies.
The trustees have delegated the day to day running of the charity to the Chief Executive Officer who is accountable to the trustees. The trustees have regular meeting to assess the performance of the charity. The Board of Trustees also works with key stakeholders and makes sure that we satisfy the regulatory requirements on us as a charity. The CEO engages actively with the Senior Management of the Charity in order to improve Muntada Aid's ability to respond to disasters and develop continuous development programmes. Systems for line management appraisals, staff development and supervision are in place, together with an accountability framework, and grievance and complaints procedures. Reports are submitted to the Charity Commission and Companies House by the Trustees, as required by law.
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Pay Policy for Senior Staff:
Pay for senior staff is reviewed annually. During Financial year 2020, there were no staff members who received a salary of more than f 60.000.
Board of Trustees:
The Board of Trustees comprised of three trustees. They are responsible for all matters pertaining to governance of the char•ity and policy making. They ar·e also responsible to provide adequate guidance and strategic directions to the manage ment of the charity so that they can implement programmes and projects in an efficient and transparent manner, within its policy framework, thus fulfilling the stated aims and objectives of the charity.
Trustees' responsibilities in relation to the financial statements:
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial state ments comply with the Charities Act 2011.
The Trustees are responsible for preparing the Trustees' Report and the financial statements for each financial year in accordance with the law applicable to charities in England & Wales. The Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards) and applicable law, and in accordance with Accounting and Reporting by Charities: State ment of Recommended Practice (Charities SORP - FRS102).
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U.S. InaY1dv Incom• T•1 R•kn 20 *yS•yP4 -y FINANCIA REPGh 38
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF MUNTADA AID We have audited thefinancial statements of Muntada Aid fortheyear ended 31 December 2020 which comprise a Statement of Financial Activities, Balance Sheet and related notes. The financial reporting frameworkthat has been applicable lawand United Kingdom Accounting Standards {United 'ngdorn Generally Accepted Accounting Practice}. Respective Responsibilities of the Governors and Auditors The Governors as Trustees (who are also the directors of the charitable company for the pur- pose of company lawl are responsible for preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK & Irelandl. Those stsndards require us to comply with the Audit- ing Prartices Board's Ethical Standard for Auditors. Scope of the Audit An audit involves obtaining evidence about the amount of disclosures in the financial ate- ments sufficient to give reasonable assurance that the financial statements are free from material missiatement, whether caused by fraud or error. This includes an assessment of.. whether the accounting policies are appropriate to the companls circumstances and have been consistently applied and adequately disclosed,. the reasonableness of significant ac- counting estimates made by the Governors,. and the overall presentation of the financial statements. Opinion on the Financial Statements In our opinion the financial statements.. give a true and fair view of the state of the companys profit or loss for the year ended 31 December 2020,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prartice,. and have been prepared in accordance wth the requirements of the Companies Act 2006 and the Charities Act 2011. 39
Opinion on other matters prescribed by the Companies Act 2006 In our opinion the information given in the Trustees Report for the financial year for which the financial statements are prepared is consistent with the financial statements. Matters on which we are required to report by exception We have nothing to report in respert of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: Adequate accounting records have not been kept,. or Certain disclosures of trustees, remuneration specified by law are not made; or • We have not received all the information and explanations we require for audit,. or • The Trustees were not entitled to prepare the financial statements in accordance with the Small Companies regime and take advantage of the Small Companies Exemption in pre paring the Report of the Trustees. On behalf of KWSR & Co.: Susan Rahman. Bsc FCA (Senior Statutory Auditor) KWSR & Co. Chartered Accountants & Registered Auditors 136 Merton High StreeL London SW19 1 BA 29th September 2021 40
MUNTADA AID STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 Notes Unrestricted Fund5 Restrlcted Endowment Funds Fund5 Total 2020 Total 2019 INCOME FROM Donations and legacie5 Inrorne frofft otherJttivitie5.' Rent income from properties 409,788 1,104,144 1,513,932 2,132,320 286,547 Total Income 409,788 1,104,144 1.513,932 2,418,867 EXPENDITURE ON Raising funds Property management costs 49,504 142,123 191,627 24,150 385,097 49,281 24,150 Expenditure on charitable activities Emergency Relief Education 1,613 38,389 128,555 419,880 34,843 100,214 65,894 387,051 421,493 73,232 228,769 65.894 387,051 511,207 13,584 533,048 115,226 6 93,913 Healthcare WASH Religious Dues Total Charitable expenditure 168.557 1.007.882 1.176.439 1.866.978 Total expendlture 218.061 1.150.005 24.150 1,392.216 2.301.356 Net income I lexpenditurel and net movement in the fund5 for the year 191,727 145,8611 124,1501 121,716 117,511 Net Movement in funds 191,727 145.8611 124.1501 121,716 117.511 Reconclllatlon of funds Funds balances broLJght forward 1328,4131 415,612 2,034,976 2,122,175 2,004,664 Funds balancès carrled forward 1136.6861 369.751 2.010.826 2.243.891 2.122.175 Hisham Bella Trustee & Treasurer 41
MUNTADA AID BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2020 Note5 Total 2020 Total 2019 FIXED ASSETS Tangible assets 3,128,188 3,127,173 3,128,188 3,127,173 CURRENT ASSETS Debtors Cash at bank and in hand 24,340 163,877 214 98,386 188,217 98,600 Creditors.. falling due within one year 157,8681 188.9521 Net ¢urrÈnt assets 130,349 Total assets less current liabilities Creditors.. falling due after more than 1 year 3,258,537 11,014,6461 3,136,821 11.014.646) Net assets 2.243.891 2.121175 THE FUNDS OF THE CHARITY: Unrestricted income funds General funds Designated funds Restricted income funds Endowment funds 1146,7541 10,068 369,751 2,010,826 1337,4661 9,053 415,612 2,034,976 Total charity funds 10 2.243.891 2.121175 Hisham Bella Trustee & Treasurer 42
MUNTADA AID CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 CASH FLOW STATEMENT Net cash inflow from operating activities Payments to acquire tangible fixed 85sets 72,890 17,3991 2,386,909 13,122,257) Increase in cash in the year 65.491 1735.3481 NOTE TO THE CASH FLOWSTATEMENT Reconclllatlon of chan in net funds to net cas operating activities es In movèmènt inflow from Movement in net fund5 Add.. Depreciation Decrease / Ilncreasel in debiors Increase / (Decrease) in creditors 121,716 6,384 124,1261 131,0841 1140,3131 1,871 2.019.248 506,103 Net cash Inflow I loutflowl from operatlng actlvltles 72.890 2.386.909 Analysi5 Of change in net funds Opening balalnce 01 January 2020 Closing balalnce 31 December 2020 Cash Flow Movèmènt Cash at bank and in hand 98,386 65.491 163,877 Hisham Bella Trustee & Treasurer 43
MUNTADA AID NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 (I) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) General information and basis of preparation Muntada Aid is a registered charitable company limited by guarantee in England & Wales. In the event of the charity being wound up, the liability in respect of the guarantee is lim- ited to £ 1 per member of the charity. The address of the registered office is given in the charity information on page 4 of these financial statements. The nature of the charity's operations and principal activities are development of education, child development, de- velopment of healthcare & wellbeing, development of water &sanitisation, and hygiene facilities, economic empowerment and emergency response. The charity constitutes a public benefit entity as defined by FR5102.The financial state- ments have been prepared in accordance with Accounting and Reporting by charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019. the Financial Reporting Standard applicable in the in the United Kingdom and Republic of Ireland (FRS 1021,the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity .The significant ac- counting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless other- wise stated. (b) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other pur- poses. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. En- dowment funds represents those assets which must be held permanently by the charity. Income arising on the endowments funds can be used in accordance with the objectives of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund are charged against fund. 44
MUNTADA AID NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 (c) Income recognition All incoming resources are included in the Statement of Financial Activities ISOFAI when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be re- ceived. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is de- ferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in ex- penditure. No amount is included in the financial statements for volunteer time in line with the SORP. Further detail is given in the Trustees, Annual Report. Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are included in stock and donations in the financial statements upon receipt. If it is im- practicable to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised as a component of donations when it is distributed and an equivalent amount recognised as charitable expenditure. Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset. For legacies, entitlement is the earlier of the charity being notified of an impending distri- bution or the legacy being received. At this point income is recognised. On occasion lega- cies will be notified to the charity however it is not possible to measure the amount ex- pected to be distributed .On these occasions, the legacy is treated as a contingent asset and disclosed. I ncome from trading activities includes income earned from fundraising events and trad- ing activitie5 to raise funds for the charity. 45
MUNTADA AID NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 (c) Income recognition Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has Occurred. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends ,interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable ac- curacy the investment income is reported net of these costs. It is included when the amount can be measured reliably. interest income is recognised using the effective interest method and dividend and rent income is recognised as the charitys right to receive payment is established. Other income includes the conversion of endowment funds into income which arises when capital funds are released to an income fund from expendable endowments or when a charity has authority to adopt a total return approach to its permanent endow- ment fund. It also includes other income such as gains on disposals of tangible fixed assets. (d) Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under head- ings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that t the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: * Cost of raising funds includes Printing, Mailing, Digital Marketing, Advertising, Sponsor- ship and merchandise, Treks and challenges Expenditure on charitable activities includes economic empowerment. emergency relief. education, healthcare, wash and religious Due Other expenditure represents those items not falling into the categories above. 46
MUNTADA AID NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 (d) Expenditure recognition Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. (e) Support cost allocation Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources overheads have been allocated on the basis of full cost recovery method based on expenditure proportion of each project and fundraising cost. Fund-raising costs are those incurred in seeking voluntary contributions and do not in- clude the costs of disseminating information in in support of the charitable activities. The analysis of these costs is included in notes13, 4, 12 & 14) (fl Tangible fixed assets Tangible fixed asset5 are stated at cost lor deemed costl or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributa- ble to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows.. IT equipment 25% Straight line basis. The method has been changed from this year. l Last year 25% reducing balance basis I 47
MUNTADA AID NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 (g) Debtors and creditors receivable / payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recog- nised in expenditure. (h) Loans and borrowings Loans and borrowings are initially recognised at the transaction price including transac- tion costs. Subsequently, they are measured "at amortised cost using the effective inter- est rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. ( l ) Provisions Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be re- quired in settlement and the amount can be reliably estimated. 48
MUNTADA AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 2 Donation5 and legacies 2020 Unrestricted 2020 Restricted Total 2020 2019 Unrestrlcted 2019 Restrlcted Total 2019 Received in UK 381.551 842,588 1,224,139 308.383 1,302.083 1,610,466 Received in Overseas 98,000 98,000 381.551 842.588 1.224.139 308.383 1.400.083 1.708.466 Gift Aid tax claim 28,237 71,456 99,693 25,771 110,603 136,374 Gift in Kind 190,100 190,100 287,480 287,480 409,788 1,104,144 1.513,932 334.154 1,798,166 2,132,320 49
MUNTADA AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 3 Expenditure On Direct Costs Human Re50urce5 Su ort osts Total 2020 Costs Total 2019 Costs Raising Funds Property management costs 90,729 88,119 12,779 191,627 24,150 385,097 24,150 49,281 Charitable activitie5 Ernergency Relief Education Healthcare 288,075 50,051 156,354 45,036 264,534 92,844 16,131 50,391 14,515 85,255 40,576 7,050 22,023 6,343 37,261 421,495 73,232 228,768 65,894 511,207 13,584 533,048 115,226 693,913 WASH Religious Dues 387,050 Total Charltable actlvltles 804,050 259.136 113,253 1.176.439 1.866.978 Total resources expended 918.929 347.255 126.032 1.392.216 2.301.356 4 Support costs Office Co5t5 Finance & IT Costs Governance Costs Total 2020 Total 2019 Raising Funds 8,727 1,997 2,055 12,779 16,894 Charltable activities Emergency Relief EdLJcation 27,709 4,814 15,039 6,341 1,102 3,442 991 6,526 1,134 3,542 40,576 7,050 22,023 6,343 37,261 30.533 811 Healthcare 31.838 6,882 41,446 WH 4,332 1,020 Religious Dues 25,445 5,822 5,994 86,066 19,695 20.271 126,032 128,404 50
MUNTADA AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 5 TANGIBLE FIXED ASSETS Freehold Property IT Equipment Charity Total Cost At 01 january 2020 Additions 3,118,120 18,132 7.399 3,136,252 7,399 As at 31 December 2020 3.118.120 25.531 3.143.651 Depreclatlon At01 lanu3ry2020 Charge for the year Disposals 9,079 6,384 9,079 6,384 As at 31 December 2020 15.463 15.463 Net book values As ai 31 December 2020 3,118.120 10,068 3,128,188 NBV at31 December 2019 3.118.120 9,053 3.127,173 DEBTORS AND PREPAYMENTS 2020 2019 Trade Debtors Other Debtors 10.626 13,714 214 24.340 214 CREDITORS: AMOUNTS FALLING DUEWITHIN ONEYEAR 2020 2019 Trade Creditors Taxation and Social Seiurity NEST (Pension Provider) VAT control account Other Creditors and Accruals 49,398 7,400 1 ,070 10,372 8,870 2,330 67,380 57.868 88.952 CREDITORS:AMOUNTS FALLING DUE AFTER MORE THAN 1 YEAR 2020 2019 Loan for property purchase 1,014,646 1,014,646 1.014.646 1.014.646 51
MUNTADA AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 RESTRICTED FUNDS AND UNRESTRICTED FUNDS Asat 01 Jan 2020 Incoming Resources Resources Expended Transfers Asat 31 Dec 2020 Restricted funds Emergeniy Relief Education Healthcare 169,259 51,928 133,538 60,887 3 27,758 33,132 4 11,087 88,869 2 43.298 1444,0321 141,1101 1176,4681 182,7041 1405,6911 3S,864 7,978 1206,2351 88,849 51,928 161,922 67,052 WASH Religious Dues 162,393 Total Restrlcted funds 415.612 1.104,144 {1,150,OOSI 369,751 Endowment fund 2.034.976 124.1501 2.010.826 Unrestricted fund5 Programme funds General fund Designated funds (fixed assets) 21,240 1358,7061 9,053 277,935 131,853 1205,4561 112,6051 137,2561 36,241 1,015 56,463 1203,2171 10,068 Total Unrestricted funds {328.4131 409.788 1218.0611 1136.6861 Total funds 2.122.175 1.513.932 {1.392.2161 2.243.891 10 NET ASSETS BY FUNDS Unrestricted Restricted Total Tangible fixed assets Net current assets 10,068 1146,7541 3,118,120 1737,5431 3,128,188 1884.2971 1136,6861 2.380.577 2.243.891 11 ANALYSIS OF CHANGE IN NET FUNDS OpeTring balance 1 Janua 202 Closing balance 31 December 2020 Cash flow movement C35h at bank and in hand 98,386 65,491 163.877 52
MUNTADA AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 12 Auditor's r¢mun¢ration 2020 2019 Fees payable to the charity's auditor for the audit of the charity's annual account The charity has entered into a liability limitation agreement with the charitls auditor which wa5 approved on 30th April 2019 5,000 5,000 13 Tru5tees' and key management personnel remuneration and expense5 2020 2019 The trustees neither received nor waived any remuneration during the year The tot31 amount of employee benefit received by key management personel Number of trustees are accruing pension arrangements during the year The trustees did not have any epenses reimbursed during the year 14 Staff costs and employee benefits 2020 2019 The average monthly number of employee sl IfLJII time equivalentl during the year was as follows Raising funds Charitable activities 71161 121191 Governance 31131 61141 The total staff costs and employee benefits were as follow5- 2020 2019 Wage5 and salrie5 Social security Defined contribution pension c05t 312,295 456,134 29,445 32,750 5,468 5,867 347.208 494.751 15 Interest payable and slmllar expenses 2020 2019 Interest on bank loans and overdrafts during the year 16 Related party transactlons 2020 2019 Related parry transactions during the year 53
The Trustees Declare that they have read, understood and approved the report. Signed on behalf of the trustees.. Hisham Bella Treasurer The Board of Trustees @ALL RIGHTS RESERVED 2021. MUNTADA AID, FIRST FLOOR, LMC BUSINESS WING, 38 - 44 WHITECHAPEL ROAD, E1 1JX. REG CHARITY NO: 1157117 EMAIL: INFO@MUNTADAAID.ORG 54