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2020-09-30-accounts

Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2020

Charity Assist Accountants Ltd

Certified Public Accountants and Charity Independent Examiners

Unit 27 Batley Enterprise Centre

513 Bradford Road Batley West Yorkshire

WF17 8LL

1

Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2020

Contents Page
Basic information 3
Trustees annual report 4 – 7
Independent examiners report 8 – 9
Income and expenditure accounts
10 – 11
Notes to the accounts 12 – 16

2

Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2020

Basic information

Address

Madni Welfare Foundation (MWF UK)

12 Devon Walk

Dewsbury West Yorkshire

WF13 2TL

Bank

NatWest Bank

2 Northgate

Dewsbury WF13 1EA

Accountants

Charity Assist Accountants Ltd Unit 27 Batley Enterprise Centre

Batley

WF17 8LL

Charity Registration No.

1163472

Company No.

09763658

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Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2020

Trustees’ annual report (including Directors’ report) for the period

From: 1[st] October 2019 To: 30[th] September 2020

Charity name: Madni Welfare Foundation (MWF UK)

Charity registration number: 1163472

Company number: 09763658

Objectives and activities

SORP reference
Summary of the purposes
of the charity as set out in
its governing document		 Para 1.17 1. To relieve sickness and to promote and
protect good health;
2. To relieve financial hardship;
3. To advance education;
4. The relief and assistance of people in any
part of the world who are the victims of war
or natural disaster, trouble, or catastrophe.
Summary of the main
activities in relation to
those purposes for the
public benefit, in
particular, the activities,
projects or services
identified in the accounts.		 Para 1.17 and
1.19		 The main activities of the charity have been
collecting donations in the UK.
Statement confirming
whether the trustees have
had regard to the
guidance issued by the
Charity Commission on
public benefit		 Para 1.18 The Directors are responsible for preparing the
Directors Annual Report and the Financial
Statements in accordance with applicable law
and regulations. Company law requires the
directors to prepare financial statements for
each financial year. Under that law the Directors
have elected to prepare the financial statements
in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom
Accounting Standards and applicable law).
In preparing the financial statements, the
directors are required to:
• Select suitable accounting policies and
then apply them consistently;
• Make judgements and estimates that are
reasonable andprudent;

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Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2020

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with Companies Act 2006 and the Statement of Recommended Practice, Accounting and Reporting by Charities (FRS102). The directors are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In accordance with company law, as the company’s directors, we certify that: • So far as we are aware, there is no relevant audit information of which the company’s auditors are unaware; and • As directors of the company, we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charity’s auditors are aware of that information.

Achievements and performance

Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to the
circumstances of its
beneficiaries and any wider
benefits to society as a whole.		 Para 1.20 The charity has continued to raise funds from
the public and provided a grant to an education
facility which will help the smooth running of
said facility and the advancement of education.

Financial review

Financial review
Review of the charity’s
financial position at the
end of the period		 Para 1.21 The charity is showing a surplus on the movement
in funds.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 It’s the charity policy to hold £5,000 in reserve to be
able to cover any emergency expense or
unexpected cost and to cover running costs when
the income is low.
Amount of reserves held Para 1.22 £5,000

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Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2020

Structure, governance and management

Description of charity’s
trusts:
Type of governing
document: for example,
trust deed, memorandum
and articles of association
etc		 Para 1.25 Memorandum and articles incorporated on 4th of
September 2015
How is the charity
constituted?
for example limited
company, unincorporated
association, CIO		 Para 1.25 Madni Welfare Foundation (MWF UK) is a private
limited company by guarantee without share capital
use of 'Limited' exemption
It is registered as a standard unincorporated charity
with the Charity Commission.
Director selection
methods including details
of any constitutional
provisions e.g. election to
post or name of any
person or body entitled to
appoint one or more
directors		 Para 1.25 The charity may by ordinary resolution appoint a
person who is willing to act to be a director.

6

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Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2020

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the Madni Welfare Foundation (MWF UK) trustees/directors/ members of On accounts for the year 30[th] September 2020 ended Charity no.: 1163472 Company no.: 09763658

Set out on pages 10 – 11

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 / 05 / 2020 .

Responsibilities and As the charity’s trustees of the Company (who are also the directors of the basis of report company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

I have no concerns and have come across no other matters in

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Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2020

Charity Name Madni
WelfareFoundation(MWFUK)		 Charity Name Madni
WelfareFoundation(MWFUK)		 CharityNo 1163472 1163472
CompanyNo 9763658
Annual accounts for the period
Period start date 1.10.2019 To Period end
date		 30.9.2020

Section A Statement of financial activities (including summary income and expenditure account)

Guidance Note
S01
S02
S03
S04
S05
S06
S07
Expenditure (Notes 6)
Expenditure on:
S08
S09
S10
S11
S12
S13
Tax payable
S14
S15
Net gains/(losses) on
investments
S16
S17
Extraordinary items
S18
S19
S20
Other gains/(losses)
S21
S22
Reconciliation of
funds:
S23
S24
Investments
Charitable activities
Other trading activities
Net income/(expenditure) before tax
for the reporting period
Raising funds
Separate material item of income
Other
Other
Other recognised gains/(losses):
Total
Recommended categories by activity
Income (Note 3)
Income and endowments from:
Donations and legacies
Gains and losses on revaluation of fixed assets for the
charity’s ow n use
Charitable activities
Separate material expense item
Total funds carried forward
Total
Net income/(expenditure) after tax
before investment gains/(losses)
Net income/(expenditure)
Transfers between funds
Net movement in funds
Total funds brought forw ard		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
funds
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
funds
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
funds
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
funds
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
funds
£
£
£
£
£
F01
F02
F03
F04
F05
48,967 - - 48,967 105,074
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
48,967 - - 48,967 105,074
- - - - -
142,542 - - 142,542 51,030
- - - -
- - - - -
142,542 - - 142,542 51,030
93,575
-		 - - 93,575
-		 54,044
- - - - -
93,575
-		 - - 93,575
-		 54,044
- - - - -
93,575
-		 - - 93,575
-		 54,044
- - - -
- - - - -
- - - - -
- - - - -
93,575
-		 - - 93,575
-		 54,044
108,848 - - 108,848 54,804
15,273 - - 15,273 108,848

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Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2020 Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

The charity constitutes a public benefit entity as defined by FRS 102.*

✓

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the charity is a going concern;

The charity shows a surplus of the movement from consecutive years.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.

Yes ✓ No ✓

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

Yes ✓ No ✓

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).

Yes* ✓
No* ✓

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Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2020 Section C Notes to the accounts

(cont)

Note 2 Accounting policies
2.2 INCOME
Recognition
of income
These are included in the Statement of Financial Activities
(SoFA) when:
• the charity becomes entitled to the resources;
• it is more likely than not that the trustees will receive the
resources;
• the monetary value can be measured with sufficient
reliability.
Grants and
donations
Grants and donations are only included in the SoFA when the
general income recognition criteria are met (5.10 to 5.12 FRS102
SORP).
Government
grants
The charity has received government grants in the reporting
period
Tax reclaims
on
donations
and gifts
Gift Aid receivable is included in income when there is a valid
declaration from the donor. Any Gift Aid amount recovered on a
donation is considered to be part of that gift and is treated as an
addition to the same fund as the initial donation unless the donor
or the terms of the appeal have specified otherwise.
Support
costs
The charity has incurred expenditure on support costs.
2.3 EXPENDITURE AND LIABILITIES
Liability
recognition
Liabilities are recognised where it is more likely than not that
there is a legal or constructive obligation committing the charity to
pay out resources and the amount of the obligation can be
measured with reasonable certainty.
Governance
and support
costs
Support costs have been allocated between governance costs
and other support. Governance costs comprise all costs
involving public accountability of the charity and its compliance
with regulation and good practice.
Support costs include central functions and have been allocated
to activity cost categories on a basis consistent with the use of
resources, eg allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their
usage.
Redundancy
cost
The charity made no redundancy payments during the reporting
period.
Creditors
The charity has creditors which are measured at settlement
amounts less any trade discounts
Basic
financial
instruments
The charity accounts for basic financial instruments on initial
recognition as per paragraph 10.7 FRS102 SORP. Subsequent
measurement is as per paragraphs 11.17 to 11.19, FRS102
SORP.		 Yes* No* N/a*
✓ ✓ ✓
Yes* No* N/a*
✓ ✓ ✓
Yes* No* N/a*
✓ ✓ ✓
Yes* No* N/a*
✓ ✓ ✓
Yes* No* N/a*
✓ ✓ ✓
Yes* No* N/a*
✓ ✓ ✓
Yes* No* N/a*
✓ ✓ ✓
Yes* No* N/a*
✓ ✓ ✓
Yes* No* N/a*
✓ ✓ ✓
Yes* No* N/a*
✓ ✓ ✓
Yes* No* N/a*
✓ ✓ ✓

13

Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2020

2.4
ASSETS
Tangible These are capitalised if they can be used for more than one year,
fixed assets
for use by
charity		 and cost at least
They are valued at cost.
The depreciation rates and methods used are disclosed in note
14.
Debtors (including trade debtors and loans receivable) are
Debtors measured on initial recognition at settlement amount after any
trade discounts or amount advanced by the charity.
Subsequently, they are measured at the cash or other
consideration expected to be received.
200
Yes
No
N/a*
✓ ✓ ✓
Yes
No
N/a*
✓ ✓ ✓

Section C Notes to the accounts (cont)

Note 3 Income

Note 3 Income Income Income Income Income Income
Donations
and
legacies:
TOTAL INCO		 Unrestricte
d funds
Restricted
income
funds
Endowmen
t funds
Total funds
Prior year
£
£
Analysis of income
Donations and gifts 43,976 - - 43,976 95,868
Gift Aid 4,991 - - 4,991 9,206
Legacies - - - - -
General grants provided by
government/other charities		 - - - - -
Membership subscriptions and
sponsorships which are in substance
donations		 - - - -
Donatedgoods,facilities and services - - - - -
Other - - - -
Total
ME		 48,967 - - 48,967 105,074
48,967 - - 48,967 105,074

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Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2020

Section C Notes to the accounts (cont)

Note 6 Expenditure

TOTAL EXPENDI
Expenditure on
charitable
activities		 Analysis of expenditure Unrestricted
funds
Restricted
income
funds
Endowmen
t funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowmen
t funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowmen
t funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowmen
t funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowmen
t funds
Total funds
Prior year
£
£
Accountancy fees 825 - - 825 600
Governance and administration 2,022 2,022 400
Independent examination - - - - -
Madni Islamic ST 139,677 139,677 50,030
Justgivingcharges 18 - - 18 -
Total expenditure on charitable
activities
TURE		 142,542 - - 142,542 51,030
142,542 - - 142,542 51,030

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

19.1 Analysis of debtors

19.1 Analysis of debtors
Total
Trade debtors
Prepayments and accrued income
Other debtors		 This year
£		 Last year
£
- -
3,000 4,730.0
- -
3,000 4,730.0

15

Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2020

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Accruals for grants payable
Bank loans and overdrafts
Trade creditors
Payments received on account for
contracts or performance-related grants
Accruals and deferred income
Taxation and social security
Other creditors
Total		 Amounts falling due
within one year		 Amounts falling due
within one year		 Amounts falling due
after more than one year		 Amounts falling due
after more than one year
This year
£		 Last year
£		 This year
£		 Last year
£
- - - -
- - - -
- - - -
- - - -
1,175 1,440 - -
- - - -
- - - -
1,175 1,440 - -

Section C Notes to the accounts (cont)

Other
Short term deposits
Cash at bank and on hand
Total
Note 24 Cash at bank and in hand
Short term cash investments (less than 3 months maturity date)
This year
£		 Last year
£
- -
- -
13,448 105,558
- -
13,448 105,558

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