4r TRUSTEES REPORT& FINANCIAL STATEMENT FOR THE YEAR ENDED31ST DECEMBER 2024 IMPACT2ff24 WITH YOUR SUPPORT WE DEUVERED AID TO 380,000 PEoE IN 2024
Table of Contents Chair and CEO'S Message Constitutional Information Who We Are Our Actlvltles and Achlevements 10 Rlsk Management 41 Future Plan 42 Flnancial Review Compliance wlth Regulatory Requirements Banking and Regulatory Restrictions Structure, Governance and Management In Preparlng the Financial Statements Financtal Report 02
CEO'SANDCHAIR MESSAGE iSg.5 4Ui pSAi-¢ é5UI As w8 W8lcome the bl8ssed month of Ram[ and ynd rTh)re time thanking Allah for his blessings and kindn8ss, would liketo tak8 this OpFunity to inform you th(rt th8 donatK>ns you mad8 last Ramadan and throughout the rest ol the yeor hove ollowgj us os o charity to SUPtY)rt over 355,000 people with food, mecllcal 014 cletsn drinking Water, educotiory emergency rel1 livelif¥)od piogfammes In 27 countries. In tgrms of delivering old, it hos been one ol thg most prfyluctwe yeois for us, 0$ the years of planning to minirnise costs ond building effective delivery systems ive showing great results on the ground. For the wst four years, one ol our rrKJin oims hos b8en staying transporènt with doKJrs about thè money that is donat6d, which rsachès and usèrs quiekty arKI elficiently through aid and support. We have Improved our feedback mecharthsm lor ol ow project& On the ground, r( hos been another cholbrgiro yeoT, porbculcyly in Gazq where d8livering aid has sometimes baèn olmost impx)sslbl$. Our portner$ on tha ground go ihrcyjgh unirTh)ginotMo hom Desplte all olthose chollong8s in Gazq we wero obl8 to reach over113,000 people in tmewartorn Strip. Our progfamm8s In thè reglon continuè to pr¢vKJ$ loo4 medi¢gl gid ona p$y¢hologicol support to ¢hikJren and women who htsv* PTSD.
We also supported peopte d8aliry with tKrtural and manmtKI8 8m8rgenci8s from W8st Africa, Sudary and South Asia. W8 also provided thousands of p80pl8with clean drtnking water, 8ducation for underpriwl8g8d children. and livelihood programmes lor lomiers urIn daily wage worke This impact report talks obwt our imF)act in Vari(s in more d8tail. r( is a t8stimonyof yourfaith in our work and we cant thankyou 8nough foryour SUPFXXL May Allah occept your Ramdorn Nalfshdkh CEO Muntada Aid
Illb ITIUKDONI THE MOSTVULNERABLE
Yob Gwe WE DEUVER.
Constitutional Information MUNTADAAID ISA UK REGISTERED CHARITY LIMITED BY GUARANTEE Date Reglstered as a charity. 4th June 2014 Princlpal addres&. Fourth Floor, LMC Business Wing 38-44 Whitechapel Road, London El lJX Charity Registration No: 1157117 Auditors: KWSR & CO 136 Merton High Street London SIM9 Company Registration N 08T15742 Tru5tee&' Musaed Bin Ajlan (Chairman) Hisham Bella rrreasurer) Imran Asif (Trusteel Banker5: Barclays Bank I Churchill Place, London E145HP Chlef Executlve Off icer (CEO): Naif M Sheikh Sollcltors: Lee Bolton Monier-william I the Sanctuary, Westminster, London, SWIP 3JT Reglstered Office: Fourth Floor, LMC Business Wing 38-44 Whitechapel Road, London El ljx URL" www.muntadaaid.org 07
Who vvr Tr'e Muntada Aid is a UK registered global NGO operating in 30 countries in Africa and Asia. We focus on education and child development, healthcare and wellbein& water. sanitation and hygiene IWASH). economi empowerment and emergency responses.
Main Objectives To reduce poverty by providing or assisting in the provision ot. education. healthcare. WASH and alternative income generation programmes as well as the nece55ary 5UPPOrt required to enable individuals to generate a sustainable income and thus become self-sufficient. The fuifilment of the above objectives is enshrined in our mission statement. ) Mission Our mission is to develop healthy and sustainable communities worldwide. Through Implementing our innovative social. economic. education, and health and wellbelng programmes, we wanc to empower those denied soclal justice and human dignity. in order to make a lasting change in the world. Vision A caring and dignified world where everyone is free from povety and has access to education and healthcare. Values Guided by the teachings of our Prophet and our Islamic princlples, Muntada Aid has adopted the'l CARE, model of values. Inspirfng Carfng & Compasslonate l)uf wéorki5 fcdJryded trn 5Th¢4WD¥(arE4nd (or[pat0I Excèllence & irt#grlty. & Dlgnlw. Wtbellevethai the k%cAnbea For us. h11eg- Iitymw6 thaV4è We ¥yiM sho rnaklngthevr1d a ttter p[e, tkt*l. lEtthe$rd wèser our42e5 thtyra11 urrstbat act10 VAII Irwe oihers ro beytal V4r¢kwll tytreattngothe a5weA4th10 counubkknaulhlt 09
YOU GIVE WE DELIVE Our piojects ore futKled by ¢hoiitotile donoiions from people living in the UK and other paris of the world. How Your t)onations Trunsfoimed Llves In 2024 IMPACT 2024 Muntado Aid has boen h8lping vulneroble commuiiities for ovor 3 decades now. ww.muntadaald.o 02071180 CWAeT 10 25 07 127.000 118eo 390 75,4QJ 03 05 &53M 16 310 3550 15 37 C¢XJNTRIES OF IMPAcr O•r4n •1 chttd ElhloF4u Sgn• Z Llhutr 11 Sornpll K Muuvltanl SoirthAIrt¢ 11 Tuni¥ ¥¥$19 08 Pal#t4n Sudtsh Jit ToNqn Tos0 11 KasLWU ijgqndg • Yby IDd6 $yrla
ABOUTGAZACRISIS Despite the ceasefire. the situotion in Gaza is a humanitarian tragedy where people continue to suffer. Civilian infrastructure has been almost destroyed. while 96% of people don't have enough food. Lack of clean water, almost no heathare, and large-SCa displocement have made Gaza a 66 living hell on earth The Muntada Ald team supports people with food and medical aid. l¥ •[ Ell
Muntada Aid ImFiact2024 GAZA Since Janua 2024 113,800 Dlstrfbuted F¢)od Cyl Equlvalent to 3,031,000 Received PTSD SuF)Wt 9,000 Received Medlcal Aid Supp Wintsr Cl¢)thing 1200 Food & Nappies RIDE EAIERGENCY F141LVFWPACK DECEIIBER 2024
ABOUT MUNTADAAID EMERGENCY PROGRAMMES Muntada Aid has long history of working in countries that are hit by noturol or manmade disasters. Over the years, we have reached to thousands of FpIe in need during wors, famine, drought and other emergencies. Due to ongoing geopoliticol environment and changing weather patterns there is a significant increase in these situations across the world. Though some emergencies get the attention they deserve others go under the iadar. We at Muntada Aid ala trying our best to SLtpport all. Muntada Aid Impact2024 TYn 07 , Countries: I , End users: 141200 ( Total Number of Meals: 4,85ZOOO YEMEN 3.150 Peo BANGLADESH 2,261 Peo SUDAN 7,966 P90P GAZA 113,852 Peop MAU 5,950 Pe*e PAKISTAN 6696 Poo NIGER 1,400 Peo
ABOUTFEED THE FORGOThEN Through Feed the Forgotten. we provide people in Ramadan and beyond with food packs that support a lomily of 5 up to a month. Our food parcel8 constitute wheat flour or rice (dependent on the country). pulses, cooking oil, salt ond $Jar. ER 15
Muntada Aid Impact2024 22 Countries Estimated Total Pl Number of ErKI User Estimcrted Total Al Number of Meals 1,250,000
NIGER EMERGENCY About Niger Even before the ongoing political crisi4 Niger remained one of the poorest countries in the world. It is a landlocked country in the Sahel region with a population of ovor 25. 3 million people. All of these factors are worsening with the growing insecurity in the region, mismanogement of natural resources, environmental degrodation, rapid growth in the population, inherent gender inequolities ond climate change. Key Facts 5T/.°_---14P/.° trKJlrh)Jr¢sh8d What is Muntada Aid Doing in Nige Niger has remained the country of focus lor Muntada Aid for the past three years. We are running several programmes in the country, including providing clean water, food, medical, community lIdingS and livelihood programmes to foster resilience omong various sections ol the population. We work to help vuln erable, elderly people, children. young girls and women in some of the most deprived communities in the country.
Muntada Aid ImFiact2024 24.- Livelihood Programme& 485 Z650 Eye Surgerie& P Educatlon: 01 Pl Communltycentres: 02
ABOUT MALI EMERGENCY Food Crisis in Mali According to the latest report trom the United Nations Internat%al Chiklren's Emergency Fund (UNICEF) close to Ilve mllllon chlldrtrn ore In urgent need ol humanIton osslsronce In Mull. Includlng heolth. nutittlon, eclucatlon, and prorectlon servlces- os wdl as access to safe woter. The number $fw$ an Increase of ot least 1.5 mlllbn chlldrèn In need slncè 2020. Thls d8veloplng sltuation Is due to Fyotr(Kted armed contlkt Intemal dlsplocemenL an<1 restrlcted humonltarlun access rlsks pushlng rwrty one million chldren tjnder the age of S in Mall Into ocute mtslnutrltlon by Dacèrnr 2023- wlth ai tètss1200,000 ai rlsk of dylng of hungèr If Ilfè-savlng ald faS1s to rsach thèm. What Is Muntada Aid Dolng in Mali? Protectlng chlldren a1 women tsom vkjlence. otwse. arKI exph)ItatkJn roqulres a comprehens8 chlld protectlon system that addresses the full spectrum of ilsks they face. Chlldren and young people In Moll. and eswlalty glrls, cclIne to the brunt of the eounlryy ¢ompléx and protracted crlsls, rSsklng thelr Ilves. kjskng thelr f1&$. NtYJ otLILKt8d a1 reciulted by ormed groups, separatecl from fam11$. a1 e¥posod to Sexu and 98nder-I$•j 010r. Muntado Ald 1$ proV6n9 mL4tI-f¢v¢l ¥UFP)rt to relugeei ¢hlklren ond ywng women In K+31L ¥1 èj, li
Muntada Aid Imiiact 2024 Over EmergencyAid 5.900 People FA Communtycentres 05 A Glrls Centre 100 01 Education Eye Surgeries 100 Uvellhood Programmes 13
ABOUTSUDAN EMERGENCY There are over10.7 million people uprwted from their homes in Sudan, including 9 million displaced internally-two-thirds since the conflict broke out in April 2023. Sudan now has the highest rate of internal displacement in the world. even surpassing Syrio's 72 million. As people continue to flee the conflict in Sudan, more than 358.000 refugees have arrived at the border town Adré. in eastern Chod. Refugee camps are bng built but the shelter and basic facilities available in the camps are wholly inadequate to meet the needs of the incoming people.
Muntada Aid Imiiact 2024 What is Muntada Aid Doing. Muntadu Aid supports ovei 21.00 refugees living at the t)order town Adré in eastern Chad with mont hly food packs. But we need to reach more families. End Users
DROP OF LIFE About Global Watercrisis in 3 childron or 739 million worldwide - already live in areas exposed to high or very high water scarcity, with climate change threatening to make this worse, according to a new UN report Further. the double burden of dwindliro water availability and inadequate drinking water and sanitation services is comFX)undiNJ the challenge. putting children at evèn 9ieater risk. What is Muntada Aid Doing. One of Muntada Aid's core values is providing dignity to people we support. Keeping that in mind, we aim to provide clean water solutions to people within their communities and ease off their burden of daily searching foi freshwater resources.
Muntada Aid ImFiact 2024 Countries 04 Dalty Average Users 75,400 Total Number ofProiects 733 Small Communitywells 688 Medium Communtywells (r. Large Communltywells In Afrfca 04 Solar Powered Water Statlon 04
GIFfoF SIGHT About Cataract Blindness in Africa An estimated 5 mlllion Fople are blirKJed by cataracts year. Blfftdn8ss affects more thon 4% of th8 population in pcjrts of sub-SahaTan A(L In 5ub-Stshartsn Afrlco, the most recent estlmote ol the buiden ol sU¢ Imptslrment Indlcares that 21.4 mlllion people ore vlsuolly 5mptslrecl. In¢ludlThJ 4.8 mlllk>rb people are rI. Desplte cost-effectlve solutlons, such as cotoroct removol ond the prO$10n of eyegkjsses. an extremdy hlgh proportion, esumoted ot 213. of the8e cose$ ol vlslon ImpoirtThnt ¢ouKI h(we been Fyevented or treate(l. Is astlmatèd that r6glonally.lust thr6è ophtlKJInkglsts Par mmbn FY)puknth)n aro avo51able In Sub-saharan Afr0. What is Muntada Aid Doing. wr(h your support we ore declorlng o Iwt ogolnst catoracts kn Sahel and Sub-saharan Alrlca. ¢ountrl¢s'. 04 (NOr, ¢hod. Moll eonglodosh)
Muntada Aid Imi?act 2024 Total Number ofOF)era 3.550 L) Niger 2,650 Chad 400 &) Mali 100 Bangladesh 400 7,610 Since 2021 Muntada Aid has Performed Cutar(th& Ltsn$ ReFknementSurgeAeB th0COUNtoI
LirrLE HEARTS About Little Hearts Our little hearts project provides Iree life-saving heart surgeries to babies and children with Congenitol Heart Defects from underprivileged families irrespective of gender, race and religion. In poor underdeveloped countries. the knck of specialized medical infrostructure means babies born with congenitol heart defects have little or no access to necessory treatment. Muntada Aid believes ignoring this deadly killer is tantamount to a death sentence for the many children born with this disease. Most ol these conditions can be fixed, but children suffer due to a lack of resources. infrastructure, and specialist medical staff. We are committed to children with CHD and provide them with an opportunty for a healthy life. Little Hearts is Muntodo Aid's fkngship project ond was lounched in April 2012
Muntada Aid Impact 2024 sin 2012 Muntada Aid has carried out over 50 Little Heart missiLYE perfonirKJ over ty 3,000-, ' Missions 08 Cardiac Program 01 Heart Operations 310 05 Countrles
ENLIGFrrENED SMILES About Education Education Changes L5ves. The right to education is a fundomental iighL Access to education should not be restricted to children's backgTound. religion, gender or ethnicity. Muntada Aid is working with communities in Uganda, Mali. Niger and Bangladesh to provide g quality education ond free school meals to vulnerable children. Without the opportunity to learn. children can't develop to their lull potential. They re more likely to be trapped in cycles of PK)v&rty. pwr health and forced labour - often in dangerous environments.
What is Muntada Aid Doing. Muntada Aid is running a series of projects in four countries providing quality education, free scholarships, school infrastsure and school meals making sure that access to quality education is not a privilege. BANGLADESH 20 Pdldrtsn Spon60rnhlp New SchodBuikling MAU 100 Chlldren MAU FcthuI Mediclrlor 100 youhgglrttttor NJ kltchanfor NIGER 100 chlldr•n UGANDA Muntada Ald Impact 2024 04 ' Countries Total number of end users 390 SclK)ol meals 140,000
MUNTADAAIDPERFORMSFIRST OF ITS KIND HEARTOPERATION ON 9-DAYOLDCHILDINTANZANIA Last year. our team was able to carry out the first of its nature heart intervention on a 9-day-old child in Tanzania. Our Little Hearts project provides free life-saving heart surgeries to babies and children with Congenital Heart Defects from underprivileged familEs, Irrespective of gender, race or religion. An estimated 1. 5 million children each year are born with a congenital Wridefect IV globally. IO% of babies born with CHD do not survive their first year ot lrfe. I,0 mor8 and don't reach adulth(x)d.
MY MALI DIARY-AJOURNEYOF HOPEAND LOVE Earlier this year, Sheikh Imran Asif travelled to Mali with Muntada Aid. During his stay Sheikh Imran met several pecple and witnessed how Muntado Aid's programmes transform lives in this West African nati(K). In this video log, Sheikh Imian Asrf shares his experiences about the omazing people of Moli, their food, and their culture. He gives us an insight into the challenges pwple face here daily and how the work of charities like Muntada Aid remoins critical in these F)arts of the world. ATCHMYtIARYTrUE
YOUR DONATIONS CHANGE LIVES
MUNTADAAID IN PAKISTAN Muntada Aid in Pakistan Muntada Aid has been working in Pakistan for several years, providing emergency food, health services, water, and sanitation. During our recent deployment in this South Asian country, we performed hundreds of cataract removal and lens replacement surgeries, handed over tube wells to local communities, and provided emergency aid to displaced communities in Sindh. Here Sheikh Naif, explains about Muntada Aid's Gift of Sight programme in Pakistan.
HIJRAH RIDE- AJOURNEY LIKE NOOTHER Hijrah Ride is a flagship partnership between Muntada Aid & H&KCC. This annual cycling event is a 3-day long marathon where riders from various parts of the UK cycle from Mecca to Madinah, covering a distance of over 550 kilometres between the two of Islam's holiest of mosques. The journey symbolises the migration that Prophet Muhammad (PBUH) took as he fled persecution in Mecca and travelled to Madinah for safety. The annual Hijrah Ride supports children suffering from various heart conditions. war and povety. It is the world's first and only such cycling ride The fifth edition of Hijrah Ride, also known as Hijrah Ride1447, will take place in January next year. ff you want to participate please registeryour interestnow. For more detaiL8 pleose visf( www.muntadaaid¢xglhijrahride
HIJRAH RIDE1445 THE MOVIE For the past three years cyclists from the United Kingdom have participated in the annual three-day long cycling marathon covering a distance of 550 kilometres on a stretch of land tha( for Muslims, epitomises courage and spirit. Earlier this January, the riders completed a hat-trick of Hijrah Rides. This is their journey of hope, love and courage. To watch the movie. please use the followin9 QR code. MAKKAH TO MADINAH HIJRAH RIDE* PSM Estates o)tj9 ycl
ABOUT LIVELIHOODS PROGRAMME Muntodts Ald'$15veisfKKKls progiamme Is to empowet women orKI communltles by provldSrKJ them wlth rrulnlng and resources to bulld Ilves wfÉhln thelr locol ecosystem WhatDo We Do? We Invest In smoll SCO farmws OMI women In Afrko. GoatRearln9 In1011¥. Muntuda Aid Fyovlde flve ontmols (wts) to formers In rurol communlues In Nlger. Besldes recelvlng the onlmuls, furmers olso ocqulre boslc trolnlng to look orter gwts. We quarterly check on famllles to se8 how they orè dolng and how wè con furttr help tholw OCCMIC 511uotlon 11 ne8d. S•ams¢T¢$S Tralning We ure provkllng slx-month loThJ trolnlng In tallorlThJ to women In Nlger. At the start of the tralnlng we provlde women wlth sewlng machlnes to help them tsoln a1 establish th911 buslnoss. motorl8ed3-whoelersforcomrnorcial cargo Muntada Ald Is prodI motorls8d 3-Wh8Or$ cargo vohtlos to help dlsadvantag8d famllleg In urban towns In Nlgoi Moll. The scheme, whlch was launched In 2024 Is has been a ieal succesg story. The lamSlles that havo recelved th8$• vohlcl•s Mve sew thglr Onom fortur$ change ag tho averogo Incomo for ooch fomlly hove $n an Increose been £200-£300 pw rrnth. whlth Is huge In thes¢ c Irle$ WWP ovoroge 1COMe rn t Iu8t £100 w month. 37
Muntada Aid Impact 2024 Cwntries 02 Nigerond Mali Goat Rearing 460 Fan8 Seamstress Programme 15 ifyi Motorised Cargo Carts 08 -XIN•DA Ill'lil
55SS>>sktii.: 11 CHANGING LIVES
(PAID YOU GIVE. WE DELIVER. i¢urADA AID. FouKfM FLQDR LKBUYNE55WII 3B-44WHTTEQWYLPOAQÉI IJX. RÉGtIllRrrYltO.. 17S7ii>
Risk Management: Muntada Aid diligentW oversees and addresses signfficant strategicand ational rlsks through the vigilant oversight of its Senior Management Team. Thls ssessment undergoes thorough scrutiny by the Finance Team before being pre<ented to the Board of Trustees for their deliberation. The procedure entsils the identification of various risk categories confronting the charity. Subsequently. these risks are documented within the Strategic Risk Register. The step inVoeS a meticulous ranking of risks, considering both the probability of their occurrence and the extent of their potential repercussions. 41
Future Plan: The Board ofTrustees along with the CEO are acutely aware of the challenges confronting Muntada Aid, and they are re501utely dedicated to addressing these challenges to ensure the uninterrupted support that Muntada Aid provides to its beneficiaries. However. given the intricacies of the current challenging environment. it's important to acknowledge that the resolution process might entail a lon8er timeframe than initially anticipated. The Board and the CEO have iaken a proactive stance by committing to a fresh strategic plan spanning from 2023 to 2027. This comprehensive plan is set to serve as a guiding compass for Muntada Aid over the next five years, centering its efforts on catering to the needs of the end users within a framework of financial sustainability. In pursuit of enhanced sustainability, we have embarked on pioneering initiatives for fundraising and cost management. A significant development is the recent approval by the Board for a comprehensive review of the organization's finances and structure. The primary goal of this endeavor is to establish robusi iniernal conirol mechanisms and a sound financial management framework, which will provide Muntada Aid with the means to effectively realize its strategic aspirations. Our commitment extends to not only capitalizing on the progress achieved but also to perpetuating our ongoing efforts to enhance operational efficiency. In the preceding year, Muntada Aid ushered in a more rigorous partner selection process. more frequent site visits, meticulous monitoring protocols. elevated due diligence procedures, and heightened oversight across all facets of the charity's operations by the senior management team. This concerted effort bore fruit in 2024 with the successful recruitment of several implementing partners, a direct result of the refined partner selertion process and protocols. The forthcoming Strategic plan will reinforce Muntada Aid's fundamental mission of 'serving huTn8nity,' achieved through transformative programs tailored to empower the most vulnerable and marginalized segments of society. This strategic blueprint is underpinned by insights gleaned from extensive consL¢ltation5 at all organizational leve15 Wlthin the charity.
Financial Review. Through the implementation of the full cost recovery model, Muntada Aid has effectively stabilized as an organization. In the year 2024, significant progress was achieved as Muntada Aid successfully attained a positive balance in unrestricted fund& This accomplishment reflects the charity's forward momentum, signifying its abilityto surmount the challenges of a challenging historical period. The charity is acutely aware of the upcoming hurdles. particularly the specific risks tied to establishing a sustainable financial model for its cost structure. augmenting levels of income for unrestricted funds, and enhancing the efflciency of its operational processes These challenges, when compounded, will inevitably impact the charity's Strategic blueprint. Moreover, the comprehensive adoption of the full cost recovery model has not only enabled the charityto accurately pinpoint the actual c¢)sts incurred but has also paved the way for successful implementation. Presently, Muntada Aid is on track to reap the rewardsof this model in the times ahead. In 2024, Muntada Aid raised a total of £3,123,693. Our main sources of Incorne were single donations from the UK public via our website, digital platforms lJustGiving, LaunchGood, Facebook). and other fundraising events. Our income consists of both restricted Income, which is designated for specific projects and must be used for that purpose only, and unrestricted Income, which can be used flexibly for OFerational needs and or projects. 43
Compliance with Regulatory Requirements: Muntada Aid has invested in a compliance function to ensure all aspects of compllance and standards are belng managed effectively to continue to build public trust and to diive transparency and governance within the organ15ation. All fundraising activlties go through a Stringent proce55 to ensure a bu5ine55 case proposal Is submitted with iationale of the event, expenditure, income projection. programme. communication and press & medla requirements- as well as relevant due diliger¢ce on stakeholders In line with our pollcy. We work very closely wlth all stakeholders Ilnternal and externall and review compliance. br3nding. and legal queries as required for the betterment of the organlsation. As part of our GDPR compllance process, we have establlshed a security-conscious workflow and adequate admlnistrative data & technical measures to protect personal data. We are establlshlng thorough controls over the entlre Infrastructure, bulldlng healthier data protectlon workflows, and Streamlining security monitoring to better manage what 15 going on across our network The GDPR process enabled us to build a better level of relationship with donors that are keen to hear from us and receive updated Informatlon about our campaigns and how they can be part of our journey by supporting us as required. As donors are becoming more and more Con105 about how their data is being handled, we have been transparent and have taken a proactive approach to build trust In our brand.
Banking and Regulatory Restrictions: One of the identified risks Fertains to the potential con- sLraints on transferring funds to specific countries, coupled with the rxjssibility of losing access to banking seNice& To counteract these risks a series of measures have been im. plemented. These measures encompass fostering stronger ties with financial inxitutions, demonstrating sensitivity to their apprehensions, maintaining vigilance towards altera- tions in international fund transfer prerequisites and estab- lishing diverse payment alternatives To fortify the organization s risk management framework and ensure robust complian, the Board ofTrust*s has instituted an Internal Audit and Compliance Committee. This committee comprises non-executive specialists who bring their exFerttse to Over matters related to risl fi- nance, and auditing from both a strategic ar)d governance standpoint.The commit¥ core objective is to conduct ri(MJic audits and unannounced inspections, aimed at verifying the char[[S adherence to Its risk management FX)licy. Through these measures, the organization seeks to proactwely address and mitigate potential compliance and operational risk& 45
'cboM EMERGENCY RELIEF Structure, k Governance and Management: The charity was incorporated on 14 November 2013 a company limited by guarantee.The chaiity is governèd its memorandum and artides of asscciation approved in November 2013.The charitywas registered with charity commission asa chartyon 43une201
Organisational Structure: Following the changes put in place lastyear, the trustees have entrusted the day-t(Fday OF erations of the tharityto the Chief Executive Officer, who remain5 answerable to the trus- tees. Regular meeting5 are convened bythe trustees to evaluate the charitys performance. Concurrently, the Board ofTrustees collaborates Close with key stakeholders to ensure compliance wrth regulatoryoiligats.ons applicable to U5 as a charitable entity. The CEO is acuvely engaged with the Senior Managemeni of the Charity, aiming lo enhance Muntsda Aid's abilty to effeCte respond to ernergencie5 and facilitate ollgoing develo* ental initiative5. In this vein. a comprehensive frarnework encompassing line management assessments, staff grh iniiiarThie& supeThision mechanisms, and a structured accounta- bilityframework has been ImpeMen[ed. Funhermore, ProdureS addressing grievances and comalnts have been established. In adherence to legal mandates the Trusteesfurnish fequisite repors £0 the Charity Com- rn15sion and Companie5 House. These actions collectDiely rllanifest the organization's com- mitmenc to rolJJsigovemanc¢ effe((we managemenL and alignment with statuiory requl- sites. Pay Policy for Senior Staffr. Pay for sensor staff is rwewed annualty. frIng Financlal year 2024, therewere no staff member5 who recewed a salary ofmrxe than £,0). Board of Trustees: The Board ofTru5tees compnsed of three rrustees. They are re5pongble for all matters per- taining to governance of the charity and policy making. They are also responslble to provide adequats guidance and 5rrategic direcuons to the management of the charity SO that they can implemenr programmes and projects in an efFicient and iransparent manner, within its policy frarnerk, thus fulfilling the stated aims and objectives of the charity. Trustees. responsibilities in relation to the financial statements: TheTrusrees are responsible for keepingadequate accounting records that are sufficient to Show and explain the Charitys transactions and disdose with reasonable accuracy at any time the financial FX)StK)n of the Charityand enable them to ensure that the financial state- ments Comp the Charibes A(t2011. TheTrustees are resFX)nsible for preparing the Trusteeg Report and the financial stat ments for each finar(iol year in accordance the law applicable to tharities in England & Wales. The Trustees have elected to Pfepafe the financial statements in accordance with United Kingdom Generalty Aicepted Aciounting Pra(tice (United Kingdorn A(counting Stsndardsl and applicable law. and in accordancewith Accounting and Reporting by Char ties.. Statement of Recommended Procrice (Charities SORP- FR51021. 47
In preparing the f inancial statements the trustees are required to: 5elertsuitsble accounting policies Observethe methods and principles in the ChaiiEies SORPIFRS1021. • Makejudgments and accounting esknrnates thatare reasonable and prudent State whetherapp*icable accountingstandard5 haNE Ln foll(MEd 5ubjettto arry material departures disclosed and expkèined in the financtal ststements. Preparethe financial statements on thegoing concem b5 unless it is appropriate to presume that the charitywill ccmtinue its operation smoothty. Under Companieslcharity Law the Trustees must not approve the finanoal sratements unless they are satisfied that they gwe a true and faIrvi of the stste of affairs of the Charity, its income and applicatlon of resources of the Chanty for that penod. Trustees are also responslble for safeguarding the assets ofthe Chadtyand herKe for taklng reasonable steps for the preventy'on and delecrion of fraud and other irregularityes. So far as each of the Trustses atthe date of this report Is aware. there Is no relevant audit Informatlon of which the chari¥s auditor is unaware. Each Trusree has (aken all the steps that he/she ought to have taken a5 a trustee in order to make himselfawareof aryreievant audit infomiatyon and to estsblish that the charitys auditor is aware of that information. The Trustees have exercised due diligence arnl care in prolects'ng the inle8rity ofthe Charity and its repu- tation. The Trustee5 take this opportunty to thank Muntsda Aid stakeholders, in particular our generou5 donors and benefattors and staff fortheir supportand faith in Muntada Ads coMMMent and abllityto deliver relief and development pro8rammeswhere needed mosL
Governance code: The Charity GDvemance Code sets out the prinuples and rec(xnmended practice for gocxy governance wthin the sectu. The chority is reviewir@ its current governance ar- rangements ogoinst the prirtiFks within the ctxle annually and address any issues raised. Public Benefit The Trustees confirm that theyabide by the Charty Commission's general guidancg on public benefit in accordance th the Choribes Act 2011 to have due regard to publlc benefit In WTsuance of the Choriws aim. Risk and Audit Committee: The B¢Jard of Trustees have estoblished on Intemol Audit and Compliance Committee tFx31 includes non-executive experts th(rt oversea risl finance, and auLlit from a strate- gic ond governanca persp8Ctive. Th& committee aims to conduct periodical audits and random checks to erUle we aknys comF* with our risk management policy. The Key Duties ofthe Committee: ewthe Chartys finandal statements before submlssion to the Board. lrnie5ti8ate anyattmty. its effectwenesswithin its Wems for the integrity of the Charitys internal financlal controls, and assessing the effecb"veness of the risk management framework. Seek ary inf0mtIOn that it requires from any employees of the charity. Cfversee the internal control and risk management function wthin the Charity including procedures fordetecting fraud. nw)nitoring the effectNeness ofthe systems forthe integrity of the Chartys internal financial controls and assessing the effectiveness of the risk man- agement framework. Obtain oude legal orindependent profesonal ath(e. atthe charit5 expense, rfnecessary. The Committee also con5ider5 thefinancial plans and prfOrMance of Muntada Aid and the cost effertive and efficient 0raOn of the Charity. 49
A Roles of the CEO and Senior Management TheTrustees delegate the day-today runningof the tharrty to the CEO and the Senior Managetnent Team15WD. The CEO reports to the chair of the Board on a bweekly basis and the Trustees sit for formal meetings three times a year. The organisation is made up of structured departsments funrtion- ing as independent units clear reporting line& Systems for line Margement appraisals, staff de- velopment arKI Supervision are IFI place. togetherth an accourrtabilityframework, and grievan and complaints procedures. 41 Trustee induction and recruitment To make sure we beneflt from a professional. appropriate board, we prde trustees w(ch compre- hensive inductyon and on-going training in ror emern8 areas or responsibility. New tru51ees recewe a full overwewof our strategic and operational functions. as well as welcome pack which Include5 a copy of the Memorandum and Articles of Association, the financial statements Board minutes and the Charty Commlssion guidanceThe Essentsal TnJsted. Trustees are encouraged to Identify theirtraining needs. The CEO keeps trustee5 UP to date with chan8e5 in regularory stsndards and training possibilities. The Board of Trustee5 receThie5 regular performance reports annual financial report5. plan5 and budget5. Muntsda Ald shall develop and maSnraln a skllls matrix lo Identify and recruit trustees and In selecring indwiduals for appointment as charity trustees. shall have regard to the benefits of dwersity among the trustees and the skil& knowledge aThJ experience needed for the effective adminislralion of the Charty. MA Follow5 the Charitie5Att 2011 and the tharitysgoveming document in recrultlngTrustee5. We followthe followng criteria. Ensure trustees meet age. le8al, aThJ qualFfKation requirement& Appoint trustees as per the chartys rules. Perform t)ackground and DBS checks, rf necessary. Trustee signs a Detlaration of Willingness. Notlfy the Chartty Commission of new appointments. Provide induction and ongoing training for trvstees. Ensure trustees understsnd their legal and financial resw)nsibilities. aro Key Management Personnel and Remuneration Policy. The organisation is made up of srnKtsJred departments functioningas independent units Wlth clear reporting lines. Sysrems for line managemeni appraisals. staff development and supeNision are in place, togetherwith an accountabilityframework a5 well asgrievance and complaints procedures. The Senior Leadership Team ISLD is considered to key management personnel and consists ofthe CEO, head5 of each Departments. Remuneration for all senior staff is based on annual appraisa15 carried out bythe CEO or Chairman and then reviewed byan appropriate committee. The rewew of pay take5 into consideration rol and responsibiltties togetherwth relevant mad(et rates. 50
V.S. Ir4l*ldMI 7•4 21_ Ac FINANCIA REPORT
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MUNTADAAID FOR THE YEAR ENDED 31 DECEMBER 2024 Opinion We have auditedthe Finaal Statementsof Muntth AMtI'thecharital&eentityl fortheyearended 31st ember 2024bvhth ctJ¥y¥'setheStatemwt olFinatKial ActMts.the Balance Sheet, the cash fbw state. mentand the notestothe financial Statements.1kln9srnrnaryof gThCtaCcoUnting oicS.Thefi- nancial resxJrtingfranevAykthathasbeen 4Wied inth"rPar3ti lsawk.ceI3Wand United King- dom Accounting thrK1ard>IrirYj FinarKia Reting sta)dard 102 TheFinarrial rewtirKJ stand- appliCae1 thetXaTh4 ftepJ ofIrel.(untted Kmgth GeaIACcepted Accounti Practrel. Inouropinth,th?finartial sktements.. gweatrue andfwrkiewofthe Ststetheth•ltsecCD5affalrs a5at 31stDeMber 2024and of its incomearKI ex[lI•JTefOrtheyearthenended., haVeÈeenFfLprFPTed in cCdVth Unld l&.ryGeel1YACPIedAtCQuntln9 Prac- tKe,'and have&n wepared in attcthevthvthhIheeqLernerttsO[cQ¥aft1e5Att 2C(6 Basis of Opinion Weconducted lItInaCcoydaFe %%ithlntematil stdaS Authtiry IUKI IISAS IUKII and 4)FAi- cable .r rewl5111eSlmderth>eSdaTd53retherde¥1dJntheALkIr(orfS re¥)OnsiA'll1ieS for the auditofthefinancia statana)tsseCtofoUrreWt. wealrlependent ofthecharrtat4ecompanyin a(cudare with theeth01faiuIreMent5thatarerevantIoWaKliI ofthe financial statementsin theUK, indudirythe FRC'sEthKal Starthd. a)dv+hWefUffill£ wothereth'cal resF£¥)silJ'lities inaccudance ththese reqlrennts.wet1vQthJtthèattwthKeWehaVoin is suffKient andaF¥roFyiate toprowide abasis foroLwofAnicm. .'() Conclusions relating to Going Concern 1naudtti.ngtfinanc•aI statenwehavecLYIL¥Jedthatthetsustees' 0fth@g[yj concern ba%sof accwnth'ng inthe weF>3ratmoftheknkil ststementsisaNxqyiate. Bagedrn the %4y)rk¥%phaveFvfu,Wehave Tr)t Identi¥&YMatal uncertaintpsrelating toevents iyci)rdr(ionsthat, itNidualty ( cdlcthdy,nw castggr&ficantd¢xa)t on the charitatAecompan¥sability tocontinue a5ag(Mf¥J C{JKn[l¥a W[Ofat1easttWeeMth5frCKnthen the financial 5tatementsare authortscd for15. (Xjr resFY)nsdJlities re4>y111rtie$Oftr tnthswth reslxttowngcoeM aredeed inthe rdevantsect10nsdtlysrep. 52
Other information ThetruStareresposIeforlheOtheT infDrrnaIi£.TheOther infornJ3ticm comwsesthe information irKluded in thearsnual retrtcrtherthan thencial s1ateMtsaloUraltOrf5 reFX)rtthereon. OUr{nIon{) theh)andal ststements (knsnotcowrtheotlwlftfi)mfj0 arfexcepttr) theextent otherwlseewklttystat In wrreFX)rt. In connertlon lthoalKIttOftherttWl[ ststements.ourresw)nslltyI$t0 read thèother Infoma- tion and,in doing so,consKleTvknethertheotherinfomutionis mat&iallyinconsistentwith thefinanclal ststaments, or rn0e£&)eObtalned in theaudTtorotherwseappears to be materially misststed. we ntify SLKh material Incc$terK1eS0rappart mater¢almisstatements we are requiredtodeter- minethetherthereisa mataial nwS$tattin thefinancial statamwtts or a material misstst£ynentof theotherinfornation. If, basedon the wehaveFtrnJ, s%cClUdetha1 thereisa material mis- Statwnentofthlsotherknf(ThiaIiM.weelo7Jlredt¢rep)rtthal facL weIwveth5ng to rep(¥tln thls regard. Opinions on other matters prescribed by the Companies Act 2006 In ourcF4nlon, ba5edon thehtjrkundffiln thecowseOftheI1tr. the infDrmatkJnglven Inthetru5tee¥Twtforthe fircIal year fcff sthich thefinarKlal ststement5 aresyepared 1sconslstentwilhthefinaaI stateMt43nd Thetrustees, reixY(hasIx prepar&l In accordanceVAthapF4kaleJalléqurÉMts. Matters on which we are required to report by exception In the light ofthe knol9and understarKling of thec(XFpanyand its wvironrnentobtain1 in the C(rse0ftheadl¢wehdver1t identified materid misstatements inthe Rep)rt of the TrUSts. Wehavenothing toreFQrt in reSFertofthe fc41ovhng matters in rek3tkn tolch thecompanS Act XK)6WUiustorepI loyou rf, owokyrxon.. UatearKIwoFlac(OtingrK91dSh not kept retUTn5adeyuateft)rouraudithave notLEen receyvexlfrom br(he5<v¥s11byUSoT thefinanciat StateMtsarenot in wJleIntiththec0bg1ad relurn5',or catsindisdosuresoftrustees'dlf8nuneratic 9*thedbY1awe nolrna(È or have not rLreivedall theinformatic andewanatscSwerewlref0rOuraLXlt or thetrustees were notents"d topreparethefinarKtat stateMt51n xCordarewbth the mll compa- nEs regime and takethaTtsgeofthe small c(xnpantes'exerytions in weparingthe trust5, r4)0rt and fr¢xmthe requirerwtto preparea Satl( rew)rL 53
Responsibilities of Trustees As ewainedrnefi1tylnthetJSteeresrMs1itIeSStateTrtheln1s1ees IwhoarealsOthedirector5 of the charitaUecompanyfortheFXWPTr50fcoMpanylawlarewestlsib1e for theFxeparationofthefi- narKk315tatementsandf0r.n9 satisfiedthatthrygrveatrandfairVIew.a[I forSh internalcontr asthe tru5teesdetermineisnecessarytoer%aE1etheFxeparati(Y)offina&)l statement5 thatare free from matenal misstatemenLwhetherdLtOfrdoreTr. In weparing the(la1 statements, thetrusteesare rE¥KY15Ueforassessing the charitable companls axl1tytocgtlnue asa gyThJcotKd1sd0rJ,a5aN1ICe,mattl¥S relatedtogoiro concem and using thegoingcorKeml33sisof&cLLW)tingunie55thetrusteestherir5tendtol¥4uidatethecomFkiny ortrjcea5eoperation5.orhavenoreaislicakemkn.vetxrttod050. Auditorfs responsibilities for the audit of the f inancial statements JroblettNe5aretoobtan rel4e1s5wdrte abJJt%thetherthe fiarlI Statements a5athok are free mater1 misststemenLVththrdtofval 0rer¢rw.d toissue an auditor's rewtthat in- tILesoUr0Pn1L. Reasonable a55urarKei5a high lewelofasswarte Eyjt is nota 9uaranteethat anaLdit conducted in ISAsOMlwll awaysdeterta nterialM1$$tateMentWhen ltest$.m1$- ststementscanarise frLNn fra[ oreffcf arva eConsIdered material if.individually orin aggregate, the/coLdd reas0nauy1xexed torn1ethe }deCiSIcfflSof$er5 tskenonthebasisof these finarKk?I statement5. Irregularitie$,1lud4.ThJ frnud,weinststKesof WTrcOmImWth Liwsand regat1)n5.wede5Ign pr¢> cedure5in lineTrMth tyjr re5F<)n%blitie5.¢XrtlinedaErfwe.todetectmaterial mi55tstements in respectofir" ularities, indLKlro fraiKI.TheeXtentto¥ththourw(KedLwesaQpaUe of detectin9 irre9ularitEs, including fraud isdetailed Eelow. We olrtained an lers1ChThj of thelegalarnl reguraknyfvamewo5thatareapplIcaLIetOthe chari- truecompanyand determinedthatthe mostgnantare the StatementofRecommerKled Practice 'Accounb'ng a)d ReFtr ty Charities. ISCftPI,inacc%xda)ceth IheFinancial Rep)iting Standard a Fjicable inthe UKIFRS 1o21ththeccYBThe5Art2(Th. We gained an lnkr$11rjoftCh3rilalecrW)aYC0m[1l with its legal and regulatory frameworK irKludirgthe requirementto torTe51rictedfund5,through di5CU55ions witt) management anda reVwOfthe()cteddKIWde5arCMtY$.ad legal cotTe5pond. ence. Theaudttearn,WhKh i5eyErienced inthe lIt0f(harreS,considered the Charitab compe15 WKeptily'lityto materia misststement how fvaik4may¢Kcw.lknconyderatirns irKludethe riskof managementoverride. OuraFVoathwa5tocFthth&trIn(1xnefr0l1kmIatiOnSa[NlchatableacIlvrt1e5Were properfy idents'fied andacoJraletydiscbsedthateXpend'turec(*ylt.ed wth thectrol prcKeduresand was 3r Fxwatdycharged. We alsolewed1)u1n JlrFad LmuyJaltran5actions formanagement override and<{sIdered theidentrfKatKm d(o$e0f1elaIed ptytransactions. 54
ThEYeareinherentltmitakn5in theau(knFXO(edure5des(rilkYlatx)veand,thefurdEr removed ryJ)<omFJi(eth1dws a)d regulati¢ isfrom theeventsarK4 tr5)¢tions rderta in the financial Stst&nts,thetess1IketyweVJuldbecoMeaware0fit TheriskoIrtdeIe¢rI[¥J a material misstat mentduetofratjd is hKJherthanthefi5kof notdetecttrg Or£5"9frOM er¥or,as fraLxI mayinvolve delilxateconceament , kexBme,forgffj0r1rtt•1ti0n3l misrqxesentations,orthrough collu%on. Afurtherde5cripti of vJrre¥MthlitrSfortheaudrtofthefC1al Statent5]sIrxated on theFi- nancièl RewrtF'ng co(4.$Y1te3t.http$jjW.frCLYqkjalKlit((I1Sthlltie5.Th15de$cnption formspartof owaL¥Jit(rfs repxt. Use of our report Thi5 rewrt 15wnade sde1yt0thecharietpinsmernkn,aSa L)dy,in accc¥dceWth Chapter3 of Part 16oftheCrynpanies Act 2(Th.(xjraudit% ixen derten, sothatwe mightstatetothe charitable£ompanls members thosemattÉYswearerequ¥vJtostaleto theyn in an auditor'5 reportand for nootherpLtrw5e.TothehJUest extent permitted tytaw, wEdonot Kceptora55ume re5pon5ibility to any1Th0therth thetharitth(omp)nyandthecharitae(cthpanyS membersasa bcty,for our audItrI,thl$lepCrt0r fortheqirocffiweh)vefomied. slfrp 17, 2025, Susan Rahman. Bsc FCA (Senior Statutory Auditor) KWSR &co.CharteredAcccwntts&R8J4rted A¢t01$ 136 Merton High strt, London SW19 IBA Oat&1 assigned 55
MUNTADA AID STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 CURRENT FINANCIAL YEAR Notes unre5e Funds Ae5tricted Endowment Fund5 Funds Total 2024 Total 2023 INCOME FROM Donations and legacies lob Retention Scherne Grant Intomelrom otherortlvltles.. Reni Incorne from propertSes 814.618 1.997,767 2A12.385 1,972,975 303.600 303,6 221,200 Total Income 814.618 1.997.767 303.61> 3,115,985 2.794,175 EXPE NDITURE ON Raislng fund5 Property rnanogernen¢ r05f5 79.773 265,319 345.092 8B07 295,40D 16,328 8,807 ExpeAdlture on chatltable èctl¥ltl Economic Empowerrnenl Ernergency Relief Educaiicn 92,602 13.608 83.682 211.301 92,602 730,831 228.199 709.259 717223 144,517 497,958 151,243 256.227 588.976 177,960 633,267 151,789 254,098 Heblthcare WASH Rellglous Dues 151,243 350,651 94424 Tot•1 Ch•rlt•blt expendltyr• 495,617 1.767.168 2,262,785 1,807,612 Total expendlture 575.39J 1031487 8.807 2,616.684 2,119,340 Net Incorne I lexpendlturel and net rnovernen¢ In the fund5 for the year 239228 34.7201 294,793 499.301 74,835 Transfers betwÈen funds 11 1663141 294254 1231.9401 Net Movement In funds 1n914 263.534 62.853 499.X*i 74,835 Reconrlllatlon of fund5 Funds balances broughtforward 140,409 166,247 2,103,474 2,410,130 2,335,295 Funds balantes carrled forward 313.323 429.781 1166.327 2,909.431 2,410.130 Hisham Bella Trustee & Treasurer 10 September 2025 56
MUNTADA AID STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 PRIOR FINANCIAL YEAR Notes Unrestrkned Funds Rest¥fjcted Endowment Funds Funds Total 2023 INCOME FROM Donaiitrns and legacles 539.014 1,433.961 1,972,975 lob Retention Scheme Grant Incomelrom OTher ocriwitiex Rent Income from propertles 221.2011 221,200 Total Income 539.014 1,433.961 221,200 1194,175 EXPENDITURE ON Ralslng funds Property mana8ement costs 75.796 219.603 295.399 16,328 16,328 Expendlture on charltable aEtlvlt Economlc Empowerment Emer8ericy Relltf Educatlon ealrhcar* WASH Aellglcus Oue5 1,522 %.921 10,815 162.394 1,522 588,975 177.961 633.268 151.789 254,098 492.054 167.146 470.874 151,789 184.420 69,678 Tot•1 Charlt•bl¢ txyndlture 341.330 1.466.283 1.807.613 Tot41 expendltur¢ 417.126 1.68S816 16.328 1119.340 Net Income I lexpendlturel and net movement In the fvnd5 for the yeor 121.888 1251.925 204.872 74835 Transfers betwÈen fijnds 11 181.4941 286.366 1204,8721 Net Movement In lunds 34.441 74.835 R(1160¢50n of fvnd5 Funds balances broughi forward 1rxi,015 131.8Q6 1103.474 2,335,295 Funds balantes carried forward 140.409 166.247 103.474 1410.130 57
MUNTADA AID BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 Notes Total 2024 Total 2023 FIXED ASSErs Tanglble asset5 3.123.693 3.120.313 3.123.693 3,120,313 CURRENT ASSETS Debtors C35h at bank and In hand 136,346 645.952 13.500 351,041 781298 364,Y1 CredStors'. falllng duewlthln oneyear 161.9141 160.0781 Net Current assets 720.384 304,463 Total a55et5 le55 current lthb111¢1•5 Creditors.. falllng due after more than l J*ar 3.844.077 19346461 3.424,776 11,014,646) Net •55¢ts 1909.431 2,410.130 THE FUNDS OF YHE CHARITY.. Unre5trlrte(J Income funds - Gèneral funds Designated funds Restr1cied Income fund5 Endowrnentfunds 307.819 S.$04 429.781 2.166,327 138,285 2,124 166,247 2,103.474 Total chdrlty funds 11 2,9rp3,431 2,410,130 Hisham Bella TrLJStee & Treasurer 10 September 2Q 58
MUNTADAAID CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 CASH FLOW sfATÉMENr Nei cash Inflow from operatlng actrtIeS Payments to acqulre tang1ble flxed assets 301.135 16,2241 67,451 Increase in ¢05h In the yv•r 294.911 67,010 NOTE TO TTrIE CASH FLOW STATEMENT RÈcon£lllatlon of cha es lrt movement I Inftow from In net fund5 to net cas operatlns attlvltles Movemen¢ In net funds Add.. Depreriatlon Decre8se i Ilncreasei In debtors Increase I (Decrease) in1ong term Iloblliti•S Incre45e I IDe¢reasei In <r¢dli¥rs 499.301 2.844 1122,8461 180.LDJI 1.836 136,2471 4,052 80,131 19,515 Net ¢ash Inflow I ltsutflowl from •p¢r•iin8 •¢tltIeS 301.135 67,451 Analysls of chan8e In net fund5 Openlng balafi¢¢ 01 Janu•ry 2024 CIosln8 balan¢r 31 Oecember 2024 Cash Flow Movement Cash at bank and in hand 351.041 294,911 645,952 59
MUNTADAAID NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 (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 informaiion on page 7 of these financial statements. The nature of the charity's operations and principal attivities are development of education, child development, de- veloprnent of healthcare & wellbeing, development of water &sanitisation, and hygiene facilities, economic empowerment and emergency response. The charity constitutes a public benefit enrity as defined by FRS102.The financlal 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 Reponing Srandard applicable in ihe UK and Republic of Ireland issued in October 2019. the Financial Reporung Standard applicable in the in the Unred Kingdom and Republic of Ireland IFRS 1021,the Charities Act 201 I, the Companies Act 2006 and UK Generally Accepted Accounting Prartice. The financial statemenis 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 policie5 applied in the preparation of rhese financial 5ratements are set out below. These policies have been consistenily applied to all years presented unle55 Other. wlse stated. All flgures In this report are presented in pound sterling (£1, and all values have been- rounded up to the nearest pound for simplicity and clarity. (b) Funds UnrestrScted funds are available for use at the dis(retion of the trustees in furtherance of the general objectives of the charity and which have not been des18nated for other pur- P05es. Oesignated funds comprise unrestrirted 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 restrirtions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administerrng such funds are charged against the specific fund. The aim and use of each restricted fund is set our in ihe notes to the financial statements. En- dowmenl funds represenis 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 a5 unrestricted income. Any capital gains or1055e5 arising on the investments form port of the fund. Invesiment management charges and legal advice relating to the fund ère charged asainst fund. 60
MUNTADA AID NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 (c) Income recognition All incoming resources are included in the Statement of ftnancial Activities ISOFAI when the charity is legalty 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- teived. For donations to be re(ognlsed the charty wlll have been notified of the amounts and the settlement date in writing. If there are conditions attached to the doT7ation and this requires a level of performance before entitlement can be obtained then income is de- ferred until those conditions are fully mer or the fulfilment of those conditions is within the control of the charity and it 15 probable that they wlll be fulfilled. Donated facilitles and donated professional seNlces are recognlsed 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 gSft to the charlty. For example, the amotjnt the charity would be willlng to pay In the open market for Such facilities and services. A Corresponding amount is reco8nised in ex- penditure. No amount 15 inclvded in the financial statements for volunteer time In line wth the SORP. Further detall Is glven In the Trustees. Annual Report. Where prarticable, gifts in kind donated for distribution to the beneficiarles 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 valuatlon outwelgh 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, Flxed asset gift5 in kind are recognised when receivable and are included at falr value. They are not deferred over the life of the asseL For legacies. entitlement is the earlier of the charity being notified of an impending distri- bution or the legacy beins received. At this point income is recognised. On occasion le8a- £ie5 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. Income from trading artiviiies includes income eamed from fundraising events and trad- ing artivrties to raise fvnds for the charity. 61
MUNTADA AID NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 (c) Income recognition Income is received in exchange for supplying goods and setvices in order to raise funds and is recognised when entitlement has Occurred. Income from governmeni and other granr5 are recognised at fair value when the charity ha5 entitlement after any performance conditions have been mec it is probable that the Income will be received and ihe amount can be measured reliably. If entitlement is not mec then Ihese amounts are deferred. Investment Income is earned through holding assets for investment purposes such as shares and property. It includes divsdends ,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 nei of these costs. It is included when the amount can be measured reliably. Interest income is recognised using Ihe effective interest method and divldend and rent Income is recogni5ed as the charitys rhl to receive payment is established. Other income include5 the conversion of endowmeni fund5 inco 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 basls 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 Printin& Mailing Digital Marketin& Advertisln& Spon50r- ship and merchandise. Treks and challenges Expenditure on charitable act¢vities includes economic empowerment emergency relief, eduiation. healthcare. wash and religious Due Other expenditure represents those items not falling into the categories above. 62
MUNTADA AID NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 (d) Expenditure recognition Irrecoverable VAT is charged as an expense against the artivity 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 ro a reasonable expectation thar the recipient will receive the grants. Where grant5 are conditional relating to performance then the 8rant is only accrued when any unfulfllled condition5 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 directty in supporr of expenditure on the objects of the charity and include project management carried oul at Headquarters. Where support costs cannot be directly attributed to pariicular 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 allocared on the basis of full cosi recovery method based on expenditure proporrion of each project and fundraising cost. Fund-ralslng costs are those incurred in seeking voluntary contributions and do not in- clude the costs of disseminating inlormation in in support of the charitable activlties. The analysis of these costs is included in notes13-61 (n Tangible fixed assets Tèngible fixed assets are stated at cost lor deemed costl or valuation le55 accumulated depreciation and accumulated impairment losses. Cost includes costs direttly 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 it5 expected useful life as follow5- IT equipment 25% Straight line basis. The method has been changed from this year. l Last year 25% reducin8 balance basis l . 63
MUNTADA AID NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 (g) Debtors and creditors receivable I payable within one year Debtors and creditors with no stated interest rate and recewable or payable within one year are recorded at transaction price. Any losses arising from impairrnent are recog- nised In expendlture. (h) Loans and borrowings Loans and borrowings are initialty re(ognised at the transaction price including transac- tion costs. Subsequently. they are measured "at amortised c05t using the effective inter- est rate method. les5 impairment. If an arrangement constitutes a finance transaction it is measured at present value. ( l ) Reserve At Muntada Ald, we are committed to maintaining a reserve of at least £50,000 to keep our work running smoothly, even in tough times. This reserve acts as a safety net, ensur- ing that we can continue providing essential seivices if unexpected challenges arise. Our Trusrees regularly review rhis amount to make sure it refleccs our growth and needs. Any use of these funds will be carefully considered and must be approved by the board. This policy helps us manage our finances responsibly and stay compliant with all legal re- quirements, so we can focus on making a positive impart. 64
MUNTADAAID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2 Donatlons and legacles 2024 Restricted 2023 Unrestrlcted 2023 Restrlrted Total 2025 Unrestricted 2024 Retelved in UX Received in OveT5*aS 781275 1.909,853 2.692,128 514.234 1,160.182 1,674,416 782.275 1.909.853 1691128 514,234 1,760.182 1,674,476 Gllt Ald. lèx clalm 32,343 B7.914 120.257 24.780 53,779 78,559 Glft In Klnd 220,WO 220.WO 814.618 1.997.767 1811315 539.014 1.433,961 1,972.975 65
MUNTADAAID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Èxpenditure On Dlrect Human Resources Yotal 2024 Costs YDtal 2023 C05t5 Raising Funds Property mtyftagement ctssrs 245.884 &807 97.160 345,092 8,80Y 295,400 16.328 Charitable dctivlties Economic Empowerment Emergency RelSel Educatlon 83.245 &633 1724 92,602 1,522 6S6.971 52.3 21.504 730,831 588,976 205,139 16.346 6.714 228.199 177.960 Healthcare 637.585 SO.805 20.869 709.259 633.267 WAS 135.959 10.834 4,450 151.243 151,789 Rellgiou5 Due5 Totsl Charl¢able actlvl¢les 315,216 2%117 10.318 350.651 254,098 1034.121 1611J85 66.$79 Z,262,785 1,B07.612 Total resources expended 2,288.812 253.245 74.627 2,616.684 2,119.340 Support cost5 Offi¢e Costs Fln•n¢e & IT Costs Governance Costs Total 2024 Total 2023 Ra151ng Fund5 1.571 1A72 8.048 8,767 Charltable actlvltles Etpnomlc Empowermèn¢ 532 2,724 70 Emergency Rellef EducatlorT 13.372 4,198 3,934 21,504 26.957 4,175 1,311 1228 6,714 8,145 Healthcare 12,977 4.074 3.818 20,869 28,984 WASH 2.767 869 814 4.450 6,947 Rellglous Dues 6.417 2.013 1,888 10,318 Total support Costs 46.407 14.$68 13.652 74,627 91,501 66
MUNTADAAID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 S Governance C05t5 2024 2023 Audlt Fee5 8.500 2.413 3,028 Legal And Profe5slonal Fee5 Depreclation Trustse's Meeting & Expense 2,569 239 11652 13,941 6 staff cost and number of •mploye•5 The $verage monthty number5 of employees In Ihe UKdurlng Ihoyear TI.. Permanent 2014 2023 P4rt tlmo Employment ¢Nts 2024 2023 Gross Pay Employei's national Insurance Employer's pension costs Slalf IraiDln8 and developmeni cost 231.378 17,7 1033 248,841 24,001 2.691 zoi 275.533 No employee earned more than £60.CiIO durmgtheyearl2024.' Nonel 67
MUNTADAAID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 7 TANGIBLE FIXED ASSETS Freehold Property IT Equlpment Charlty Total Cost At 01 january 2024 Additlon5 3.11&120 30,247 6,224 3.148,367 6,224 Disp05a15 As ai 31 December 2024 111120 36.471 3,154,591 Depr•clatlon At 01 january 2024 Charge for the year Dlsposals As at 31 Decernber 2Q24 28,054 28,054 2,844 30.898 30,898 Net book values AS at 31 December 2024 3.118.120 5.573 3,123,693 NBV at 31 December 2023 1118.120 2,193 3,120,313 DEBTORS AND PREPAYMENTS 2024 2023 Trade Debtors Gifi Aid Receivable VAT conirol Account Other Debtors Prepayment5 120.132 2,714 13,500 13,500 136,346 13,500 9 CREDITORS: AMOUNTS FALLING Due WITHIN ONE YfAR 2024 2023 Tr8de Creditors Taxaiitrn and SocSal Securlty NESTIPensioTr Providerl VAT control accouni other Credirors and AccruoLs 61.823 91 61,914 60.078 10 CREDITORS.. AMOUNTS FALLING DUE AFTEA MORETHAN 1 YEAR 2024 2D23 Loan for property purchase 934.646 1.014.646 934,646 1.014.646
MUNTADA AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11 RESTRICTED FUNDS AND LINRESTRICTED FLINDS Asat 01 lan 2024 IomIng Resources Resources Expended Transfers A5at 31 Dec 2024 Restrlcted funds Economic Empowerment Emergency Relief Educ41ion HeHlthcaro 124,938 20.%)0 .119.125 104.926 462.602 124.785 186.329 (883.418) 1157.0281 1535.9011 (172.5ni (283.5631 379.776 52.102 73.299 47,792 105,930 WASH Rellgious Oups Total Restrlcted funds 20.809 29,505 166.247 1.997.767 303.6QO 11032,487> 18.8071 298.254 429,781 2.166,327 Endowment lund 1103.474 1231.9101 Unresirlcted lunds Programmt funds General fund Ot51gn4¢rd fund$ lflx•d #ss¢¢sl 136,495 1.7 2.124 746.711 67,907 1565.5681 19,8221 306,029 1.790 158,0851 3,380 Total Unre5trlc¢ed fvnd5 140.409 114.611 1575.3901 166.3141 313.323 Toial lunds 1410.130 3.115.985 11616,6841 2,909,431 11.1 Tr•nsf•r ol Furtds As noted, restricted funds are designated for the speclflc proletts iheywere donaied for. while unresiricled ènd endowmenr funds oller 8reaier flexibility, rhe chariryio use ihem forgeneral operaiion5 of orher areas noi covere(J ty resirKied funds. When restrcted funds fall shon and Cannot fulty meet the costsofa designated program or project. è Irènsfer from unrestrlcted or endowment funds may requlred to bridge thegap afid ensurethat the projec15 are a(tequ6iely lun(Jed. 12 NEY ASSEYS PY FUNDS Unre5trlcted Restrlrted Totol Tan8ible fixed assets Net current a5sers 5.573 307.750 3,118.120 1522,0121 3,123,693 1214.2621 313.323 IS.108 2.Y09,431 13 ANALY515 OF CHANGE IN NET FUND5 Openi balan¢* 1 january 2024 Closin8 31 December 2024 Cash flow mtsvtmpnt Cash at bank and In hand 351.041 29A.911 645.952 69
The Trustees Declare that thtyhave read, undetstoodandapproved the p0 Slgned on behalf of the trustee& Hisham Bella Treasurer The Board of Trustees @ALL RIGHTS RESERVED 2024. MUNTADA AID, FOURTH FLOOR, LMC BUSINESS WING, 38- 44 WHITECHAPEL ROAD, El 1JX REG CHARITY NO: 1157117 EMAIL: INFO@MUNTADAAID.ORG 70
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