4r TRUSTEES REPORT& FINANCIAL STATEMENT FOR THE YEAR ENDED31ST DECEMBER 2024 IMPACT2ff24 WITH YOUR SUPPORT WE DEUVERED AID TO 380,000 PEo￿E 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 OpF￿unity 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 rel￿1 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 urI￿n 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[pa￿￿￿t0￿I Excèllence & irt#grlty. & Dlgnlw. Wtbellevethai the k%cAnbea For us. h￿￿1￿1eg- Iitymw6 thaV4è We ¥yiM sho rnaklngthev￿r1d a ttter p￿[e, tkt*l. lEt￿￿the$￿￿￿rd wèser our42￿e5 th￿￿￿ty￿ra11 ￿ur￿￿rstbat 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. w*w.muntadaald.o 02071180 C*WAeT 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¥ ¥¥￿$1￿9 08 Pa*l#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 F￿pIe 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 TY￿n 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 humanIto￿n osslsronce In Mull. Includlng heolth. nutittlon, eclucatlon, and prorectlon servlces- os wdl as access to safe woter. The number $f￿w$ 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 Dacèrn￿r 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 a￿1 women tsom vkjlence. otwse. arKI exph)ItatkJn roqulres a comprehens￿8 chlld protectlon system that addresses the full spectrum of ilsks they face. Chlldren and young people In Moll. and eswlalty glrls, cc￿lIn￿e to the brunt of the eounlryy ¢ompléx and protracted crlsls, rSsklng thelr Ilves. kjskng thelr f￿1&$. NtYJ otLILKt8d a￿1 reciulted by ormed groups, separatecl from fam11￿$. a￿1 e¥posod to Sexu￿ and 98nder-I￿$•j ￿010r￿. Muntado Ald 1$ proV￿6n9 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 b￿ng 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 F*ople 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 ￿￿r*I. 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 ophtlKJIn￿kglsts Par mmbn FY)puknth)n aro avo51able In Sub-saharan Afr￿0. 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 (N￿Or, ¢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 th0￿COUNt￿oI 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 Fcthu￿I Mediclr*lor 100 youhgglrttttor N*J 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'$15veisfKKKls progiamme Is to empowet women orKI communltles by provldSrKJ them wlth rrulnlng and resources to bulld Ilves wfÉhln thelr locol ecosystem WhatDo We Do? We Invest In smoll SCO￿ farmws OMI women In Afrko. GoatRearln9 In1￿011¥. Muntuda Aid Fyovlde flve ontmols (wts) to formers In rurol communlues In Nlger. Besldes recelvlng the onlmuls, furmers olso ocqulre boslc trolnlng to look orter gwts. We quarterly check on famllles to se8 how they orè dolng and how wè con furttr￿ help tholw OCC￿￿MIC 511uotlon 11 ne￿8d. S•ams¢T¢$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 a￿1 establish th911 buslnoss. motorl8ed3-whoelersforcomrnorcial cargo Muntada Ald Is pro￿dI￿ motorls8d 3-Wh8O￿r$ 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 $*n an Increose be￿en £200-£300 pw rr￿nth. whlth Is huge In thes¢ c Irle$ WWP ovoroge 1￿COMe rn t* Iu8t £100 w month. 37 Muntada Aid Impact 2024 Cwntries 02 Nigerond Mali Goat Rearing 460 Fan*8 Seamstress Programme 15 ifyi Motorised Cargo Carts 08 -XIN•DA Ill*'lil 55SS>>sktii.: 11 CHANGING LIVES (PAID YOU GIVE. WE DELIVER. i¢u*rADA 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 preIr￿￿irYj FinarKia Re￿ting sta)dard 102 TheFinarrial rewtirKJ stand- appliCa￿e1￿ thetXaTh4 ftepJ￿￿ ofIrel￿.(untted Kmgth G￿e￿aI￿ACcepted Accounti￿ Practrel. Inouropinth,th?finartial sktements.. gweatrue andfwrkiewofthe Stste￿theth•lts￿ecC￿￿D￿5affalrs a5at 31stD￿eMber 2024and of its incomearKI ex￿￿[￿lI•JTefOrtheyearthenended., haVeÈeenFfLpr￿F￿PTed in *cCd￿V￿th Unl￿d l&.ry￿Ge￿el￿1YAC￿PIedAtCQuntln9 Prac- tKe,'and have&*n wepared in attcthev￿thvthhIhe￿eqL￿ernerttsO[￿cQ¥￿aft1e5Att 2C(6 Basis of Opinion Weconducted ￿lItInaCcoydaF￿e %%ithlntemati￿l st￿da￿S￿ Authtiry IUKI IISAS IUKII and 4)FAi- cable ￿￿.￿r rewl5￿111eSlmderth>eS￿daTd53re￿￿therde¥1￿￿dJntheALkIr(orfS re¥)Onsi￿A'll1ieS for the auditofthefinancia statana)tsseCt￿ofoUrreWt. wea￿lr￿lependent ofthecharrtat4ecompanyin a(cudar￿e with theeth￿01faiuIreMent5thatarer￿evantIoWaKliI ofthe financial statementsin theUK, indudirythe FRC'sEthKal Starthd. a)dv+*hWefUffill£￿ wothereth'cal resF£¥)silJ'lities inaccudance ththese reql￿ren￿nts.wet￿1￿vQthJtthèa￿ttwthKeWehaV*o￿in￿ is suffKient andaF¥roFyiate toprowide abasis foroLwofAnicm. .'() Conclusions relating to Going Concern 1naudtti.ngt￿financ•aI staten*wehavecLY*IL¥Jedthatthetsustees' ￿0fth@g￿[yj concern ba%sof accwnth'ng inthe weF>3ratmoftheknkil ststementsisaNxqyiate. Bagedrn the %4y)rk¥%phaveFvfu￿,Wehave Tr)t Identi￿¥&YMat￿al uncertaintpsrelating toevents iyci)rdr(ionsthat, it￿Nidualty (* cdlcthdy,nw castggr&ficantd¢xa)t on the charitatAecompan¥sability tocontinue a5ag(Mf¥J C{JK￿n[l¥a W[￿Ofat1easttWe￿e￿M￿th5frCKnthen the financial 5tatementsare authortscd for15￿. (Xjr resFY)nsdJlities re4>y￿11￿1rtie$Oftr* tnthswth reslxttowngco￿eM arede￿￿ed inthe rdevantsect10nsdtlysrep￿. 52 Other information ThetruSt￿arerespo￿sI*￿eforlheOtheT infDrrnaIi£￿.TheOther infornJ3ticm comwsesthe information irKluded in thearsnual retrtcrtherthan the￿n￿cial s1ateM￿tsa￿loUra￿ltOrf5 reFX)rtthereon. OUr{￿nIon{￿) theh)andal ststements (knsnotcowrtheotlwlftfi)m￿fj0￿ arfexcepttr) theextent otherwlseewklttystat￿ In wrreFX)rt. In connertlon ￿ltho￿alKIttOftherttW￿l[ ststements.ourresw)ns￿lltyI$t0 read thèother Infoma- tion and,in doing so,consKleTvknethertheotherinfomutionis mat&iallyinconsistentwith thefinanclal ststaments, or ￿r￿n0￿e£&)eObtalned in theaudTtorotherwseappears to be materially misststed. we ￿ntify SLKh material Incc￿￿$terK1eS0rappar￿t mater¢almisstatements we are requiredtodeter- minethetherthereisa mataial nwS$tat￿￿tin thefinancial statamwtts or a material misstst£ynentof theotherinfornation. If, basedon the￿￿ wehaveFt￿￿rn￿J, s%*c￿ClUdetha1 thereisa material mis- Statwnentofthlsotherknf(ThiaIiM.we￿elo7Jlredt¢rep)rtthal facL weIwve￿th5ng to rep(¥tln thls regard. Opinions on other matters prescribed by the Companies Act 2006 In ourcF4nlon, ba5edon thehtjrkund￿￿ffiln thecowseOfthe￿￿I1tr. the infDrmatkJnglven Inthetru5tee¥Twtforthe fir￿cIal year fcff sthich thefinarKlal ststement5 aresyepared 1sconslstentwilhthefin￿aaI stateM￿t43nd Thetrustees, reixY(hasIx￿ prepar&l In accordanceVAthapF4kal￿e￿Jalléqu￿rÉM￿ts. Matters on which we are required to report by exception In the light ofthe kno￿l￿9￿and understarKling of thec(XFpanyand its wvironrnentobtain￿1 in the C(￿rse0fthea￿dl¢wehdver￿1t identified materid misstatements inthe Rep)rt of the TrUSt￿s. Wehavenothing toreFQrt in reSFertofthe fc41ovhng matters in rek3tkn to￿lch thecompan￿S Act XK)6WUi￿ustorep￿I loyou rf,￿ owokyrxon.. UatearKIwoF￿lac(O￿tingr￿K91dSh￿ not kept￿ retUTn5adeyuateft)rouraudithave notLEen receyvexlfrom br￿(he5￿<￿v¥s11￿byUSoT thefinanciat StateM￿tsarenot in wJle￿I￿nt￿iththe￿c0￿b￿g1￿a￿d relurn5',or catsindisdosuresoftrustees'dl￿f8nuneratic￿ 9*thedbY1aw￿e nolrna(È or have not rLreivedall theinformatic￿ andewanatsc￿Swerewlref0rOuraLX￿lt or thetrustees were notents"d￿ topreparethefinarKtat stateM￿t51n xCordar￿ewbth the mll compa- nEs regime and takethaTtsgeofthe small c(xnpantes'exerytions in weparingthe trust￿5, r4)0rt and fr¢xmthe requirerwtto preparea S￿at￿l( rew)rL 53 Responsibilities of Trustees As ewainedrn￿efi1tylnthet￿JStee￿resrMs￿￿1itIeSStateTr￿theln1s1ees IwhoarealsOthedirector5 of the charitaUecompanyfortheFXWPTr50fcoMpanylawlarewest￿lsib1e for theFxeparationofthefi- narKk315tatementsandf0r￿.n9 satisfiedthatthrygrveatr￿andfairVIew.a[￿I forS￿h internalcontr asthe tru5teesdetermineisnecessarytoer%aE1etheFxeparati(Y)offina￿&)l statement5 thatare free from matenal misstatemenLwhetherdL￿tOfr￿doreTr￿. In weparing the￿￿(la1 statements, thetrusteesare rE¥KY15Ueforassessing the charitable companls axl1tytocg￿tlnue asa gyThJcotK￿d1sd0￿r￿J,a5aN1IC￿￿￿e,mattl¥S relatedtogoiro concem and using thegoingcorKeml33sisof&cLLW)tingunie55thetrustees*therir5tendtol¥4uidatethecomFkiny ortrjcea5eoperation5.orhavenoreaislicakemkn.vetxrttod050. Auditorfs responsibilities for the audit of the f inancial statements JroblettNe5aretoobtan rel*￿￿4e1s5wdrte abJJt%thetherthe fi￿ar￿lI Statements a5athok are free mater￿1 misststemenLVththrd￿tofva￿l 0rer¢rw.￿d toissue an auditor's rewtthat in- tIL￿esoUr0Pn1L￿. Reasonable a55urarKei5a high lewelofasswarte Eyjt is nota 9uaranteethat anaLdit conducted in ISAsOMlwll awaysdeterta n￿terialM1$$tateMentWhen lte￿st$.m1$- ststementscanarise frLNn fra[￿ oreffcf arva ￿eConsIdered material if.individually orin aggregate, the/coLdd reas0nauy1xex￿ed torn1￿￿￿ethe ￿￿￿}￿deCiSIcfflSof￿$er5 tskenonthebasisof these finarKk?I statement5. Irregularitie$,1￿lud4.ThJ frnud,weinststKesof WTrcOm￿ImWth Liwsand reg￿at1)n5.wede5Ign pr¢> cedure5in lineTrMth tyjr re5F<)n%blitie5.¢XrtlinedaErfwe.todetectmaterial mi55tstements in respectofir" ularities, indLKlro fraiKI.TheeXtentto¥ththourw(KedLwesa￿QpaUe of detectin9 irre9ularitEs, including fraud isdetailed Eelow. We olrtained an ￿￿lers1￿ChThj of thelegalarnl reguraknyfvamewo￿5thatareapplIcaLIetOthe chari- truecompanyand determinedthatthe most￿gn￿antare the StatementofRecommerKled Practice 'Accounb'ng a)d ReF￿tr￿ ty Charities. ISCftPI,inacc%xda)ce￿th IheFinancial Rep)iting Standard a Fjicable inthe UKIFRS 1o21ththecc￿YBThe5Art2(Th. We gained an lnkr$￿11r￿jof￿￿t￿Ch3rilal￿ecr￿W)a￿YC0m[1l￿ with its legal and regulatory frameworK irKludirgthe requirementto torTe51rictedfund5,through di5CU55ions witt) management anda reV￿wOfthe(￿)c￿￿ted￿dKI￿W￿d￿e5ar￿CMtY￿$.a￿d legal cotTe5pond. ence. Theaud￿ttearn,WhKh i5eyErienced inthe ￿lIt0f(harr￿eS,considered the Charitab￿ compe￿15 WKeptily'lityto materia misststement how fvaik4may¢Kcw.lknconyderatirns irKludethe riskof managementoverride. OuraFVoathwa5tocFthth&tr￿In(1xnefr0￿l1kmIatiOnSa[Nlcha￿tableacIlvrt1e5Were properfy idents'fied andacoJraletydiscbsedthateXpend'turec(*y￿lt.ed wth thec￿trol prcKeduresand was 3r Fxwatdycharged. We also￿lewed1)u1n￿ ￿Jl￿rF￿a￿d LmuyJaltran5actions formanagement override and<{￿sIdered theidentrfKatKm ￿d(￿￿o$￿e0f1elaIed ptytransactions. 54 ThEYeareinherentltmitakn5in theau(knFXO(edure5des(rilkYlatx)veand,thefurdEr removed ryJ) 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.$04 429.781 2.166,327 138,285 2,124 166,247 2,103.474 Total chdrlty funds 11 2,9rp3,431 2,410,130 Hisham Bella TrLJStee & Treasurer 10 September 2Q 58 MUNTADAAID CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 CASH FLOW sfATÉMENr Nei cash Inflow from operatlng act￿rtIeS Payments to acqulre tang1ble flxed assets 301.135 16,2241 67,451 Increase in ¢05h In the yv•r 294.911 67,010 NOTE TO TTrIE CASH FLOW STATEMENT RÈcon£lllatlon of cha es lrt movement I Inftow from In net fund5 to net cas operatlns attlvltles Movemen¢ In net funds Add.. Depreriatlon Decre8se i Ilncreasei In debtors Increase I (Decrease) in1ong term Iloblliti•S Incre45e I IDe¢reasei In 18.8071 298.254 429,781 2.166,327 Endowment lund 1103.474 1231.9101 Unresirlcted lunds Programmt funds General fund Ot51gn4¢rd fund$ 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 restr￿cted 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 ## **Issuer** ## KWSR and Co LTD **Document generated** Wed, 17th Sep 2025 10:25:03 BST **Document fingerprint** 4747ac35be4d7b73981ddaeed20bd4cf ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Wed, 17th Sep 2025 10:27:53 BST Susan - Signer (79a2ae214f6d6ffb3a2db78539e35a07) ## **Audit history log** ## **Date** ## **Action** Wed, 17th Sep 2025 10:25:03 BST Wed, 17th Sep 2025 10:25:04 BST Wed, 17th Sep 2025 10:26:36 BST Wed, 17th Sep 2025 10:26:37 BST Wed, 17th Sep 2025 10:26:45 BST Wed, 17th Sep 2025 10:27:53 BST Wed, 17th Sep 2025 10:27:53 BST Envelope generated by Susan (223.190.81.151) Document generated with fingerprint 4747ac35be4d7b73981ddaeed20bd4cf (223.190.81.151) Sent the envelope to Susan (hello@kwsr.co.uk) for signing (223.190.81.151) Document emailed to hello@kwsr.co.uk Susan viewed the envelope (223.190.81.151) Susan signed the envelope (223.190.81.151) This envelope has been signed by all parties (223.190.81.151)