**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 3 **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;| 4 ## **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| 5 **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 Madni Welfare Foundalion (MWF UK) Income and Expenditure Accounts for the year ended 30 September 2020 th Reference and admlnlstratlve detalls Al•dTrl W•H•i• Found•tlon MWF UK Olhef r4me th• char usei . slored charty rwilxr Ch¥ity'B wln¢ipal oddresl 1163471 12 D•vrffi Walk D•w•bury Wme Y*bIT• WFIJ 2TL N•mM ol lh• chiflty Irvst••• m•fflty• th• ch•rtty Offlt• (11 •ftil Dtte¢t¢fl¢hainn A5hfafi KhalNI Ahmed Pal Fan* Ali W4tha DKectortrlruJlfj• LhredoiArvil•• fate trusle¢$- nThs of the dlr¢clwJ •1 Il* d•i• Ihe Dlrnctor n•m• Faru% M Watha Kh•lwJ Alyned Pat Declaratlons Th• compary h•• t•k•n •d¥•nts9• of th• •m•ll P•pl•$. •xaffl• lft pr•prfng lh• port abov•. The tnMteeJ Ih•l th•y h•v• approved th• trUSte•s' rnwl (Includlng dlr•clOrn' port} abov•. $1gn•d on b•h•llWelfareFoundation(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| 10 Madni Welfare Foundalion (MWF UK) Income and Expenditure Accounts for the year ended 30 September 2020 th LV" Soclion 8 gTr*yJ' Balanco Jliool Fl3•d ••••i• 114ql• in Curr•nl *•1 In¥••bv•M• iJ4 fX418 1a44a 105Y 15 FvnO• of th• Ch•T#y ic4 Ik273 HoAMFOArts AWLrtF •IMfO Ary li **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 Statement of Recommended Practice: Accounting and Reporting by Charities - • and with* ✓ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of - • and with* ✓ Ireland (FRS 102) - and with the Charities Act 2011. 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*|✓| 12 **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| 14 **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| 16